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.

Joel Robinson

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]

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Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

[smartcode_project:default project_id=150999 project_image_fid=374005]

The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

[smartcode_project:default project_id=150999 project_image_fid=374010]

Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

[smartcode_project:default project_id=150999 project_image_fid=374002]

“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

[smartcode_project_cta:default project_id=150999]

Maréa Residences brings parkside apartments to Coolangatta

Melbourne developer PDG has secured Victorian Government approval for its $1.5 billion Southbank development <a href="https://www.apartments.com.au/new-apartments/the-one-1-queens-bridge-street-southbank-vic-3006">The One</a>, clearing the way for the long-dormant riverfront site opposite Crown to finally be developed.

The Minister for Planning has approved the project at 1-29 Queens Bridge Street, with the Department of Transport and Planning issuing the planning permit following its assessment.

The approval will allow PDG to develop the prominent 5,059 sqm site with a major mixed-use tower comprising premium apartments, including branded residences, a luxury hotel and boutique office space.

PDG acquired the site in late 2024, with its position directly opposite Crown's main entrance and near Melbourne's Arts Precinct making it one of Southbank's most significant remaining development opportunities.

<img alt="PDG" data-entity-type="file" data-entity-uuid="3933013e-6332-4386-b9be-089df05caf17" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.22%E2%80%AFAM.png?VersionId=sITIgBqDL0N3VNSMwWEmF5UA.uvcsRyu" />

Designed by COX in collaboration with ODO and PDG, the tower's architecture draws on the movement of the Yarra River, with six vertical pleats running the height of the sculpted facade.

The project will also see the heritage-listed Queens Bridge Hotel restored and incorporated into the development&nbsp;with new hospitality and public uses, including a rooftop venue.

A significant component of The One will be its residential amenity.

More than 5,000 sqm of resident facilities will be delivered across a single level, making it one of the largest consolidated residential amenity offerings proposed in an Australian apartment development.

The planning approval also incorporates a major upgrade of Queensbridge Square, which PDG will deliver in partnership with the City of Melbourne.

<img alt="PDG" data-entity-type="file" data-entity-uuid="73167fcd-1031-4b6f-a408-a064cfe45ed1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.17%E2%80%AFAM.png?VersionId=Pf1AEWxw6SNmBqR0zQW5lyEze.MtxgFp" />

The existing square will be revitalised as a new civic and pedestrian space along the Yarra River, strengthening the connection between the project, Southbank and the riverfront.

PDG Founder and Managing Director Vince Giuliano said the approval represented a major milestone for a site which has remained largely underutilised for more than 15 years.

“This is the most significant Planning Permit approval Melbourne has seen in recent years,” Giuliano said.

“For more than 15 years, this site has remained underutilised. This approval enables us to deliver a project that will contribute meaningfully to the revitalisation of Southbank, restore and reactivate an important heritage building, and create a new civic and hospitality destination for Melbourne.”

The latest approval follows an earlier planning permit issued by the City of Melbourne covering demolition works across part of the site at 9-29 Queens Bridge Street. Those demolition and early works are already underway.

PDG has also started generating early interest in the residential component from owner-occupiers ahead of a planned public launch in early 2027.

PDG secures approval for $1.5bn Southbank apartment development, The One

Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

&nbsp;

Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

First look: Harridan plans Burke Street transformation beside Boggo Road transport hub

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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Ireland’s National Asset Management Agency is offering up to 70% vendor financing to investors willing to buy commercial property in an effort to revitalise the ailing Irish property market.
The state agency has criticised UK banks for selling Irish property cheaply at below rebuilding costs.
NAMA was set up in 2009 to purge Irish banks of about €75 billion in impaired loans after the country’s property crash and international banking crisis.
“With a view to generating sales transactions which would not otherwise take place and to attracting new equity into the Irish market, NAMA is willing to provide up to 70% vendor debt financing to purchasers of commercial property,” Brendan McDonagh, chief executive of NAMA, told an Irish parliamentary committee.
The product would target pension funds, insurance companies, private equity firms and sovereign wealth funds, McDonagh says.
It is hoped the vendor financing will attract foreign investors to Ireland where falls of more than 40% have occurred since the 2007 peak.
The committee members were keen for assurances that the NAMA business model was working and that there was no danger that the state would have to step in to help NAMA meet its repayments.
NAMA says it had completed its purchase of badly impaired loans from the five covered Irish banks and building societies – Bank of Ireland, AIB, Anglo Irish Bank, Irish Nationwide and EBS.
It has paid €31.7 billion to acquire loans worth €74.2 billion.
The agency hopes to turn a profit by selling the loans or properties linked to the loans between now and 2019.
Reuters has reported with a portfolio that ranges from London skyscrapers to farmland in the Irish midlands, NAMA has around 200 developers drawing a salary to manage their assets.
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jchancellor-FAypfDUnLy

Ireland's National Asset Management Agency offering 70% vendor finance to lure investors

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{yoogallery src=[images/stories/october28brisbane]}
Brisbane’s 1938 landmark nautical Moderne-style residence – designed by the architect Mervyn Rylance – is on the market for only the second time.
Inspired by the Art Deco style of Miami Beach, Florida, the house sits on a 736-square-metre block in Hamilton Hill with views from Moreton Island to the city skyline.
Level one offers living areas, kitchen, media room and a utility room.
The second level has the master bedroom with a dressing room and ensuite, plus two other bedrooms each with ensuites. A study is also located on this level.
“It’s a rare opportunity to secure this much-admired Brisbane landmark,” says listing agent Alma Clark of Alma Clark Real Estate Ascot.
She says dedicated attention to detail has been employed to bring this home into the modern era.
It was briefly listed last spring but didn’t sell.
Hamilton prices have ranged between $700,000 and $3.2 million this year.
The property last traded in 1993 at $490,000.
It has an official unimproved $2.4 million land value.
The last known sale of a house designed by Mervyn Rylance was the heritage-listed Oogarding, the Bardon house, which is considered among the best examples of his work in the Mediterranean style of architecture. It sold for $1.86 million in 2006.
Very few pure Mediterranean-style houses were built in Brisbane, and Rylance was also responsible for the design of Blanchard House at New Farm, which was demolished amid controversy in 2009.
The bulldozers – accompanied by three police officers – moved in at 6.30am to demolish the unlisted 1934 Spanish Mission home on Maxwell Street.
Developer John Lynch and wife Monica Blinco, an interior designer, bought it in 2004 for $3.75 million and the adjoining block in July 2007 for $5.9 million with plans for a seven-storey apartment block.
There’s debate on Maxwell Street at the moment over the proposed demolition of a heritage- listed Mock-Tudor apartment block at 42 Maxwell Street.
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Nautical Brisbane Moderne-style house on the market for only second time

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{yoogallery src=[images/stories/october27monavale]}
It’s the type of sale that gives banks, receivers and even some estate agents a bad name. The resort-like Mona Vale beachfront residence of veteran property developer Max Delmege has been finally sold for around $3.5 million. It was a steal.
Regrettably the Manly Warringah Sea Eagles powerbroker had let it be known during its initial marketing that it ought sell for close to its $9 million valuation that followed its impressive 2008 renovation.
Despite hopes of starting the auction proceedings at $6 million plus, the house was passed in without a bid through Ray White Prestige agent Michael King at that October 2010 auction.
There had been $7 million hopes for it when Bank West put the property to initial auction.  Just a few doors away the 808-square-metre beachfront cottage retreat of H. Lindsay Thompson, the retired professor who was president of the AMA from 1982 to 1985, had been listed with $5 million, giving some price expectation validation.
By December the bank would have taken around $6 million for the Delmege property.
The two-level Surfview Road house on an 870-square-metre block was relisted for May auction with all the furniture of his estrange wife Narelle now removed. There were pre-auction offers around $4.5 million, but no sale since the bank wanted around $5.5 million.
The most dramatic price reduction has been over the recent marketing when new listing agents took its pricing from $4.5 million plus to mid-$3 million before and after its August auction, according to RP Data.  There was again no bid at the auction, given savvy buyers are playing tough tactics. It sold for a reputed but unconfirmed $3.5 million. It was sold by Max Walls International. 
The title has caveats from ING Bank and Capital Finance in addition to the first mortgage from Bank of West Australia.
For many years Delmege was the financial saviour of his beloved Sea Eagles, pumping millions into the club he co-owned.
He’s lived on the northern beaches since 1965, starting his own real estate office in Avalon in 1967.
Delmege has fought back before as in 1987, a development in Mona Vale went sour and he "lost everything". He bought himself a weekly bus, train and ferry pass and pounded the pavements, and he reckons he can do it again.
"Being brought up in Maroubra, it's pretty easy to reinvent yourself," he told the Sydney media.
His latest incarnation is as a weekend radio broadcaster on 2SM. And doesn’t he dish it out to the banks.
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Max Delmege's Sydney northern beaches property finally gets over the line

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{yoogallery src=[images/stories/october27johnhughes]}
The Chicago house that belonged to the late John Hughes, director of seminal 1980s teen films such as Ferris Bueller's Day Off, Pretty in Pink and The Breakfast Club, has been listed for sale with price hopes of US$5.89 million.
The 1,044-square-metre six-bedroom house a block from Lake Michigan features high ceilings, hardwood floors, four bluestone terraces, a three-car heated garage, a swimming pool and landscaped grounds. 
Hughes made his directorial debut with Sixteen Candles in 1984 and had considerable commercial and critical success with a string of teen-oriented movies, all set in the suburbs. He also wrote and produced Home Alone. Hughes never moved to Hollywood and lived in Chicago until his death in 2009.
The property is listed through <a href="https://www.coldwellbankeronline.com/property/details/2321028/MLS-07926890/855-East-Westminster-Avenue-Lake-Forest-IL-60045.aspx?SearchID=4752570&amp;RowNum=8&amp;StateID=19&amp;RegionID=0&amp;IsRegularPS=True&amp;IsSold=False" target="_blank">Caldwell Banker</a> agent Ann Lyon.
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Ferris Bueller director John Hughes' former house on the market

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{yoogallery src=[images/stories/october26redfern]}
One of the largest properties on Redfern Street, Redfern has been listed through Ben Forsyth at McGrath Estate Agents.
It’s a whole building on 436 square metres of land. It comes with 100 square metres of space on the lower level, with parking for 10 cars. It’s described as a creative space ideal for a company headquarters or a live/work opportunity, given the second floor has two one-bedroom apartments. The property to be sold with vacant possession has been priced at $2.5 million.
Recent sales in the <a target="_blank" href="/news">Redfern </a>strip have included the former post office commercial premises at 113-119 Redfern Street sold through spruiker Max Markson through McGrath agent Paul Ephron at $2,125,000 in May.
In January 2011 the 209-square-metre holding at 74 Pitt Street sold at $2.05 million, having been listed through Ben Forsyth. It was the 1880s Quirks Grocery Building, a mixed-use premises offering with a total annual income of about $133,000 from two independent residences, a café and separate office. It was architect-redesigned 12 years ago.
“Redfern is finally going through a renaissance that has been promised for so long,” Forsyth says.
“The Block being demolished, the new indigenous arts college and the Sydney City upgrade have all lead to major changes of this great inner-city suburb.”
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New corporate home office listing a sign of Redfern renaissance

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US home prices remained flat in the in August, edging just 0.2% higher but still down by 3.8% on an annual basis, according to the latest S&amp;P/Case-Shiller composite index.
The index mirrored another monthly index, the Federal Housing Finance Agency, which noted home prices slipped 0.1% on a seasonally adjusted basis, and 4% over the previous year.
Economists say there is too much inventory, particularly of distressed properties, compared with the pace of home purchasing, which meant prices could fall or linger further to equilibrate the market.
The Case-Shiller index had Detroit and Washington as the only cities to post August and annual growth.
The US Midwest – Chicago, Detroit and Minneapolis—showed sharp monthly increases, with economists noted in the Wall Street Journal attributing it to hiring in the automotive sector. Click to enlarge
<a title="Click to enlarge" rel="shadowbox" href="/images/stories/caseshillerlarge.gif"><img src="/images/stories/caseshiller.gif"></a>
Ten of the 20 cities covered by the indices had prices increase over the month.
There was no change in annual returns in Los Angeles and Miami in August.
The rate of change fell deeper into negative territory in Atlanta and Las Vegas.
Minneapolis posted the lowest year-over-year return at a negative 8.5%, but has improved in each of the last three months.
“There was some weakness in the monthly statistics, as 10 of the cities post price declines in August over July,” says David M. Blitzer, chairman of the index committee at S&amp;P Indices.
“Nationally, home prices are still below where they were a year ago.”
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US house prices remain on hold in August: Case-Shiller

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As it releases a list of the top 10 most discounted properties in Western Australia, SQM Research notes that the discounting occurring in Perth has been a little more severe than some of the other capital cities.
"We have often featured Perth homes possessing massive discounts in our national top 10 as well as homes from Perth which have spent an excessive amount of time on the market," SQM Research director Louis Christopher says. 
He says Perth's housing market is the weakest among Australian capital cities and says it is likely to bottom out next year.
"In terms of the Perth housing market in general, SQM Research forecasts that it will likely post the biggest falls of the capital cities for 2011 between 7.8% and 9.8%. If the economy manages to scrape through next year, house prices for Perth are likely to bottom out and we will not see further substantial declines," Christopher says.
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<div>
<h2 style="font-size: 18px; line-height: 21px;">1</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D107366585">146 Maddington Road, Maddington, WA, 6109</a>
On the market since: April 30, 2011
Initial asking price: $5.5 million
Current asking price: $3.5 million
Reduction: 36%
Days on market: 126
 
<h2 style="font-size: 18px; line-height: 21px;"></h2>
<h2 style="font-size: 18px; line-height: 21px;">2</h2>
<a href="&lt;http:/sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2007193295" target="_blank">290 Viveash Road, Swan View, WA, 6056</a>
On the market since: June 5, 2008
Initial asking price: $2.29 million
Current asking price: $1.5 million
Reduction: 34%
Days on market: 1,187
 
3
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D107391748" target="_blank">4 Shoran Court, Ocean Reef, WA, 6027</a>
On the market since: May 14, 2011
Initial asking price: $990,000
Current asking price: $695,000
Reduction: 30%
Days on market: 112
 
<h2 style="font-size: 18px; line-height: 21px;">4</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106243474" target="_blank">4/19 Broome Street, Cottesloe, WA, 6011</a>
On the market since: January 10, 2010
Initial asking price: $1.2 million
Current asking price: $850,000
Reduction: 29%
Days on market: 601
 
<h2 style="font-size: 18px; line-height: 21px;">5</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008488770">19/1 North Lake, Alfred Cove, WA, 6154</a>
On the market since: July 26, 2010
Initial asking price: $1.18 million
Current asking price: $849,000
Reduction: 28%
Days on market: 406
 
<h2 style="font-size: 18px; line-height: 21px;">6</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106289694">309 Scarborough Beach Road, Woodlands, WA, 6018</a>
On the market since: February 7, 2010
Initial asking price: $1.1 million
Current asking price: $795,000
Reduction: 28%
Days on market: 573
 
<h2 style="font-size: 18px; line-height: 21px;">7</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106544887">1/43 Preston Point Road, East Fremantle, WA, 6158</a>
On the market since: May 23, 2010
Initial asking price: $1.1 million
Current asking price: $800,000
Reduction: 27%
Days on market: 468
 
 
<h2 style="font-size: 18px; line-height: 21px;">8</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008749778">227 Franklin Road, Wanneroo, WA, 6065</a> (pictured)
On the market since: December 27, 2010
Initial asking price: $1.5 million
Current asking price: $1.095 million
Reduction: 27%
Days on market: 252
 
<h2 style="font-size: 18px; line-height: 21px;">9</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106857522">21 Robertson Road, Ledge Point, WA, 6043</a>
On the market since: September 25, 2010
Initial asking price: $880,000
Current asking price: $649,000
Reduction: 26%
Days on market: 357
 
<h2 style="font-size: 18px; line-height: 21px;">10</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D107023981">5 Park Street, Inglewood, WA, 6052</a>
On the market since: November 27, 2010
Initial asking price: $649,000
Current asking price: $495,000
Reduction: 24%
Days on market: 294
 
SQM Research also offers a list of the <a target="_blank" title="SQM Research" href="https://www.sqmresearch.com.au/top100bargains.php">Top 100 Biggest Bargains in Australia </a>for sale.
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Discounting more severe in Perth than in some other capitals: SQM Research

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The Australian office of Knight Frank has been commended as a strong performer after the UK-based real estate group delivered a 10% increase in profits for the 2011 financial year.
During the year Knight Frank continued to grow its Australian operations.
The Australian office now has more than 620 employees in Australia and operates from 22 locations. During the year it acquired M² Office Leasing, a commercial leasing business active in North Sydney and Macquarie Park.
Stephen Ellis, executive chairman of Knight Frank Australia, says there was a high level of activity in the Australian market last year.
Notable successful campaigns run by Knight Frank over the last 12 months include the sale of the Woollahra Hotel for more than $16 million and the sale of the Coles-anchored Cove Hill Shopping Centre in Hobart for $13.2 million. Significant leasing deals arranged by Knight Frank include MTAA Superannuation Fund leasing nearly 9,000 square metres of office space to Comcare in Canberra.
“Knight Frank continued to grow its Australian operations, building its agency business on top of a strong management and valuation platform,” Ellis says.
 
“Last year we recruited a number of key personnel in investment, office and industrial services, particularly on the east coast. We also recruited a six-person project management team in Sydney, as we continue to invest in accordance with our three-year plan.”
 
Knight Frank delivered global profits before tax of £101.9 million ($156.5million) for the year ending March 31, 2011, compared with profits of £92.3 million ($141.7 million) in the previous 12-month period.
 
The strong bottom line result was achieved on the back of a 7% increase in turnover to £308.4 million (AU$473.6 million) compared with £288 million ($442.2 million).
 Commenting on the global results, Nick Thomlinson, senior partner and chairman of the Knight Frank Group, says the real estate group’s European business has traded profitably in difficult markets and it has continued to expand its operations in Asia Pacific, “with strong performances in Australia, India, Greater China and Singapore”.
“Our global strategy remains focused on organic growth in key markets with the best people. This year we have opened offices in Dubai, South Africa, Austria and Switzerland and expanded our network in China, Australia, India and the UK,” he adds.
While the prime central London residential market strengthened (capital values are up 9% and rents up 17% over the reporting period) Knight Frank warned of significant headwinds facing the UK residential market, with the regions furthest from London likely to be most affected by weaker economic performance and consumer confidence.
According to Knight Frank, the key trend across the prime European markets has been for activity to be concentrated in the more established rather than emerging markets.
“Good examples of this include locations like Tuscany, southern France, Switzerland and Paris, which have all seen strengthening demand over the past 12 months – something we expect to continue into 2012,” it says.
Looking ahead, Thomlinson predicts another strong year despite “some uncertainty in the financial markets”.
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Strong Australian demand helps Knight Frank post profits up 10%

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{yoogallery src=[images/stories/october26trump]}
Real estate developer and reality TV star Donald Trump has sold his 1,022-square-metre house in Rancho Palos Verdes, California, for a reported  US$7.15 million. He had listed the property in June 2010 with price hopes of US$12 million, shortly after it was completed.
The property includes grand fireplaces, five bedrooms, nine bathrooms, fire pit, a library, games room, full wet bar, wine cellar and four-car garage. The property is located at Trump National Golf Course, which Trump owns and operates. 
"It has a spectacular basement with light and air," Trump <a href="https://articles.latimes.com/2010/nov/13/home/la-hm-hotprop-donald-trump-20101113" target="_blank">told the Los Angeles Times</a> last year.
Linda D'Ambrosi and Sandra Callen of <a href="https://pv.yourkwoffice.com/" target="_blank">Keller Williams Rancho Palos Verdes</a> were the listing agents. 
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Donald Trump sells golf club estate for US$5 million below asking price

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Moog, the home, hotel, restaurant, bar and recording studio in one location in Surry Hills, was listed with $8 million expectations by Simon and Susanah Page in 2005. The three-level terrace in Bourke Street was relisted at $5 million in 2010. The property, with the potential to be returned to its original nine-bedroom layout, was passed in at its Colliers auction this week on a $3.8 million vendor bid.
Auctioneer Damien Cooley suggested there were four or five interested bidding parties but could not solicit any bids when it was offered under receivers' instructions through listing agent Paul Fernandes.
In its heyday the place offered the $1,000-a-night Moog Hotel experience, which included designer pool with underwater speakers. It even laid claim to the most expensive cocktail in Sydney –the Amex Noir at $2,003.
The Pages arrived in Sydney from New Zealand and embarked on developing nightclubs. In 1996 the couple opened the doors to Sublime, a hip subterranean club built in the old Brashs music store on Pitt Street. They later took on Home nightclub at Darling Harbour. They then created the one-suite Moog Hotel, which was ranked as one of the world's coolest hotels by Conde Nast Traveler.
Paul Fernandes marketed it as a grand Victorian mansion transformed into a unique designer home and integrating a distinctive diverse investment.
"So many things to so many people – its individual and matchless potential embraces retail, commercial, boutique hotel and residential," he suggests.
The ads said receiver and manager’s sale – clear instructions to sell. Its annual current income from the wine/tapas bar is $74,000.
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