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>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

Off-the-plan property explained: What is stamp duty?

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The Australian housing market continues to soften, but according to the National Australia Bank the current price fall expectations are overly pessimistic.
“Our modelling of house prices suggests that while further moderate declines are likely in 2011 some moderate increase should occur in 2012,” the NAB says.
“Expectations of further falls in house prices out to 2013 clearly are not helping consumer sentiment or business confidence to invest,” NAB group chief economist Alan Oster says.
The report notes a structural shortage of dwellings remains nationally, although the recent decline in rates of overseas migration could be expected to prevent the situation worsening significantly.
“Nevertheless, this is likely to maintain a floor under dwelling prices in the longer term,” it says.
The report noted its most recent NAB residential property survey, which indicated that respondents thought house prices would fall by 1.4% over the next year.
The house price falls were expected to be across all states, with the exception of WA (up 0.2%).
The largest house price declines are envisaged in Queensland (down 2.3%) and Victoria (down 2.1%).
Noting the RBA bias towards policy tightening, the NAB sees December as remaining the most likely option for a rate rise, as stronger GDP growth should be more established by then.
“We have pencilled in a further [final] rise in May 2012, bringing our end point target cash rate to 5.25%,” Oster says.
“That would be consistent with ongoing strength in the economy in a period of relatively high inflation.”
But the bank notes the next move in the cash rate would only take place when growth momentum and labour market tightness were more apparent.
It notes that growth in the domestic economy weakened in July with business conditions now indicative of below-trend growth.
“The synchronised slowdown in global growth has worsened and we have revised our growth forecasts down by ¼pt in 2011 (to 4%) and ½pt in 2012 (to 3.8%),” NAB says.
Australian forecasts have been revised down a touch (especially in the near term) given heightened global uncertainty and signs that local momentum continues to slow, together with continued delays in the recovery of Australia’s coal exports.
Near-term softness also has base impacts on 2012 forecasts.
But Australia’s high terms of trade, resumption of full coal production (by late 2011), strong mining investment and Queensland rebuilding are expected to boost GDP growth, NAB says.
“NAB forecasts are significantly weaker than RBA’s view – we see year-ended growth of 2.6% this year (RBA 3¼%) and around 3¼-3% in the out years (RBA 3¾%).
“Calendar year forecasts were revised down ¼% (to 1.5% in 2011 and 4.2% in 2012 respectively).
“Core inflation (e.g. carbon pricing) is expected to still to move up to around (or above) 3%.
“The domestic economy continues to suffer under the weight of the high AUD, the enduring impacts of the floods earlier in the year, and the persistence of cautious consumer behaviour.
“While the mining industry continues to perform strongly, trade-exposed sectors outside of mining and those industries dependant on consumer demand are still struggling with very poor conditions.
“This weakening trend was broad based – with the falls most pronounced in finance and business services reflecting recent global uncertainty and volatility associated with US and European debt issues, manufacturing and the service sectors,” the bank says.
“While we expect to see a boost to GDP growth in the June quarter, as the economy recovers from the flood-induced downturn in the March quarter, some weakness appears to have persisted into the second half of this year.
“The modest fall in retail trade data in May was compounded by another disappointing outcome in June, with trends in retail trade easing to a more subdued pace.
“Employment growth has also disappointed over the first half of this year.
“Household saving rates are high and asset prices have been falling over recent months, suggesting that the softness in consumer spending behaviour will persist into the future.
“Credit growth declined in June and has been fairly subdued over recent months relative to historical standards; business credit fell modestly, while housing credit slowed to its most subdued monthly pace in almost 27 years,” it notes.
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jchancellor-FAypfDUnLy

NAB says housing market expectations too pessimistic

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For the past few weeks, the world's media seems to have been dominated by two unfolding dramas: the extraordinary and rather amateur performance in Washington, as the US government lurched towards potential default, and the concerning spike in Euro-region yields, against the backdrop of their apparently insoluble sovereign debt issues.
However, as Amy Auster reported in Saturday's Financial Review, there was also a really positive development last week (certainly for Australia), which seems to have simply "snuck under the radar".
You see, China has just decided to permit participating banks in Hong Kong (including foreign banks) to deal in Chinese yuan anywhere in the world when settling transactions.
How will that benefit Australia?
Let's take a look for a moment at the level of global sovereign indebtedness, as a percentage of GDP. The first piece of good news is that Australia sits at the bottom of the table, whereas Germany and the UK have more than three times the government debt levels of Australia. The US has more than four times Australia’s debt level, and Japan has a massive 9.5 times Australia’s government debt.
<img src="/images/stories/langaugust9.jpg">
The second piece of good news is that China doesn't even appear on this list. And that's because it is a net lender to the rest of the world — mainly to the US.
When asked recently about the extent of China's continued growth prospects, Michael Spence (Nobel Prize-winning economist) said: "I think the answer is something like two decades, in the later part of that they will start to slow down."
A recent study (published by China's National Economics Research Institute) estimates that the country's total disposable income is some 65% higher than the government's official figures. And about 80% of this "hidden" income is in the hands of 20% of the population.
But more importantly, these wealthy households are saving something in the order of $1.5 trillion each year. And that represents roughly 50% more than the entire Australian economy.
China's stated aim is to surpass America's economic dominance. And by now internationalising its currency, this is clearly the next step towards that goal.
So, what does this mean for Australia?
Up until this recent announcement, the yuan could only be traded onshore for items like iron ore — and not property or shares. But following the announcement, the yuan can now be openly converted offshore — with only a few restrictions, for the time being.
However, as the new-found currency freedom grows, investors will be able to take funds in and out of China with little or no restriction.
Normally these investors would consider the US or European markets first up. But with their high levels of sovereign debt and the credit agencies looking to downgrade their strong ratings, Chinese investors will gravitate towards AAA safe-havens like Australia.
And as you can appreciate, gaining the benefit of just a fraction of this annual $1.5 trillion in savings, would have a dramatic (and positive) impact upon the Australian economy.
Bottom Line: Initially, those funds might target our share market. But this surge will quickly spread into commercial property, farms and major infrastructure projects.
All of which will serve to balance out Australia's economy and lessen our dependence upon the mining sector.
However, the Foreign Investment Review Board will urgently need to simplify its approval process because Australia requires an injection of investment funds like this to ensure its overall growth prospects.
Chris Lang is an advisor to commercial property investors and gives keynote speeches and regular seminars on the best way to invest in commercial property. He maintains a blog, <a target="_blank" title="Chris Lang's blog" href="https://his-best.biz/" style="outline-style: none; outline-width: initial; outline-color: initial; text-decoration: underline; color: #6888b1;">his-best.biz</a>, which he updates regularly about the best way to get the most out of your commercial property investment.
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chrislang-EQKojcgJPV

Loosening yuan restrictions will open Australia to Chinese investors

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A newly established open for inspection security service is protecting the houses featured in Channel Nine’s renovation reality program The Block.
Some 30 guards were on duty when Open Home Insurance &amp; Security oversaw the crowd management as 25,000-plus people attended the show’s initial weekend open for inspection day.
The business concept of insurance and security for open home inspections was established by Sydney real estate industry figure Peter Kelaher.
Kelaher approached Channel Nine about using his new service during The Block.
Kelaher has teamed up with players in the insurance and security industry and the real estate industry’s Campaign Track to offer insurance and the means of protecting homes from theft and damage during open inspections.
He sees his new venture as “the next big thing” in real estate,although he expects its uptake to begin with celebrities, high-net-worth individuals and judges.
Open Home insurance &amp; Security aims to protect vendors, landlords and tenants during open home inspections by closing a loophole in the majority of standard home and contents insurance policies.
“It’s a little-known fact that when people are selling or renting their homes, they’re unlikely to be covered for any accidental, malicious damage or theft that may occur when their homes are open for inspection,” Kelaher says.
“Once you’ve willingly invited people into your home, most insurance policies are void ... and in the eyes of insurance companies, that’s exactly what you’re deemed to have done when you open your home for inspection.”
Open Home Insurance &amp; Security offers an insurance policy from $295 that provides cover for accidental, malicious damage and theft for up to $5,000 when selling or leasing your property and licensed on-site security personnel at your open inspection who complete photo identification checks on every visitor entering a home.
“It’s leaving the real estate agents to concentrate on prospects, not suspects,” he says.
“It seems incredible that we need a driver’s license or other photo I.D. to hire a $5 DVD, yet can wander freely through someone else’s home with no questions asked.
“It’s a documented fact that criminals often attend open inspections with the sole intention of casing the property so they can return at a later date to rob the occupants.”
Kelaher says that the listings come with advanced notification on advertisements advising people they may be asked for photo ID.
For your chance to win tickets to The Block's auction, click here.
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The Block hires security firm to monitor inspections

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{yoogallery src=[images/stories/august9roseville]}
26 Clanville Road, Roseville, NSW, 2069
This five-bedroom, four-bathroom house has been in the same family for 50 years. It has been tastefully updated and includes a heated saltwater pool and a tennis court. The floors are made of blackbutt timber, and all of the bathrooms have marble detailing. It is within walking distance of Roseville train station, shops and cafes. The property is being marketed by<a href="https://www.belleproperty.com/for-sale/NSW/North-Shore-Upper/Roseville/House/25P0169-26-clanville-road-roseville-nsw-2069" title="Belle Property" target="_blank"> Belle Property Killara</a> agent Chana Scotcher with price hopes of $4.6 million. It goes to auction on Saturday, August 27 at 3.30pm. 
 
{module 238}
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cknowlton-QnEa6ntUYP

Everything's coming up Roseville

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{yoogallery src=[images/stories/august9malibu]}
<a href="https://smsold201.smsold.com/clients/05023/docs/211_CBA%20Brochure%20Fin%20Online.pdf" title="21804 Pacific Coast Highway" target="_blank">21804 Pacific Coast Highway, Malibu, CA, United States</a>
A Malibu beachfront mansion could reportedly become the most expensive US property to be sold at auction when it goes under the hammer in September with buyers being advised it requires a $US22 million starting bid.
The 975-square-metre beachside house, which was built in 2005, originally listed in 2008 at $65 million, given its Billionaire Beach location, and for $35 million in May. It includes six bedrooms, nine bathrooms and five fireplaces.
There’s a home theatre, a 25-metre two-lane lap pool, a gym and a library with an aquarium.
The winning bidder would count on former Yahoo! CEO Terry Semel, billionaire David Geffen, action film producer Joel Silver and restaurant mogul Peter Morton as near neighbours along Carbon Beach.
"It's on a particularly wonderful spot which is very sandy," listing agent Carol Bird, of Westside Estate Agency, says.
"In Malibu, California beaches have public access by law, but it's 1,000 feet [300 metres] from any public access, so you don't have people walking in front of you."
The <a target="_blank" title="Auction contract" href="https://smsold201.smsold.com/clients/05023/docs/211_Preliminary%20Title%20Report%20Carbon%20Beach.pdf">auction </a>is set to be held on September 18, but Bird says the house could be sold before then if an "acceptable offer" were made. The land cost $2 million in 2002. Bird says it would set the record for an auction property in the US but did not respond to questions about this claim before deadline. 
In June 2010, the Microsoft co-founder Paul Allen spent $25,0067,500 on his Carbon Beach retreat. It is an architecturally striking gleaming glass-and-stucco residence sold by L.A.-based clothing manufacturing magnate Charles Perez, who had purchased the 1,781-square-metre block in 1998 for $3.7 million. A $36.9 million sale took place last year for an eight-bedroom, seven-bathroom house that was built in 2002 on a 1,214-square-metre block that cost $2.5 million in 1998.
 
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Billionaire Beach property for auction

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A price recovery in wine property is some way off, according to the August property review by valuer Herron Todd White. 
“Leading industry bodies suggest that it is likely to be at least another two years before the [wine] industry recovers,” writes Shane Noonan, director of Herron Todd White’s Mildura office in the latest report. 
Noonan quotes the 2011 Winegrape Purchases: Price Dispersion Report, which found that the average price paid for fruit delivered to the largest Australian wineries continues to decline, impacting on vineyard property values. 
The 2011 average purchase price has fallen to $413 per tonne in 2011 from $464 per tonne in 2010, $527 per tonne in 2009 and $717 per tonne in 2008. 
Mildura is the centre of the Sunraysia region in the northwest corner of Victoria, famous for its oranges and vineyards. 
Noonan writes that almost all grape variety returns in 2011 were lower than the previous depressed levels of 2010. 
Wineries are paying on average $235 per tonne for chardonnay; $188 per tonne for colombard; $307 per tonne for sauvignon blanc and up to $427 per tonne for pinot gris. 
For the main red varieties they are paying $311 per tonne for cabernet sauvignon; $278 per tonne for merlot; $285 per tonne for shiraz and $336 per tonne for pinot noir. 
The news is not much better for Mildura’s orange farmers. 
Although citrus growers have had their best crop in 20 years, they are facing significant losses due primarily to the collapse of their prime export markets, the high Australian dollar and higher production costs due to wet weather. 
Citrus exports are expected to be well below the average 50% of total yield, which has resulted in a flood of fruit onto the domestic market. 
The depressed state of the vineyard market is also noted in central NSW by David Sullivan, director of HTW’s Bathurst market. 
“Demand for vineyards remains soft, and we are aware of vineyards sales not progressing until the vines have been removed and sold for alternative agricultural lifestyle values,” he says. 
Sullivan says the regional rural market has gone into winter hibernation, with very few transactions occurring, and in general agents are reporting low enquiry levels.
“Demand for non-local investors and lifestyle buyers is still relative low, and there are limited signs these types of buyers will re-enter the market in the short to medium term,” he says. 
The Cheviot Kirribilly Vineyard Property Group’s 953-hectare South Australian vineyard portfolio is up for sale in August. It has been valued at $42 million. 
The portfolio is being sold by Colliers agents Tim Altschwager and Nick Dean by private treaty, with expressions of interest closing August 16.
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lschlesinger-FZcF9M3vE6

Sour grapes as outlook poor for vineyards

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Mounting bad property loans in Australia and Ireland have contributed to the UK bank Lloyds’ £3.25 billion ($5.08 billion) six-month loss after a £1.3 billion ($2.03 billion) pre-tax profit a year earlier.
Losses on Australian loans jumped to £586 million, some 29% higher than a year earlier, as Lloyds’ exposure to weakened property prices in its Australian loan book deteriorated.
It has £12.9 billion of loans to customers in Australia, with 35% deemed to be at risk. Lloyds’ Australian property book now has £4.54 billion of impaired loans in Australia.
“Australia, while benefiting from a commodities export boom, continues to be affected by deteriorating property markets in the geographic areas and property classes where the group is exposed,” the bank says.
“Impairment on the group's commercial real estate portfolio in Australasia was the main contributor to the half-year charge.
“This portfolio is heavily exposed to Australian non-metropolitan and New Zealand real estate markets, where market conditions remain challenging and asset valuations continue to decline.
“A specific charge of £70 million was also incurred in the period as a result of losses arising from the earthquake in New Zealand.
“Impaired coverage in Australia has reduced slightly due to the impact of write-offs and new impaired cases in the period requiring lower provisioning levels,” it notes.
Last December KordaMentha was appointed to the Oracle, Broadbeach project of the Nikiforides’ family development group, Niecon, at the behest of financier BOS International (Australia), a division of Lloyds Banking Group. The National Australia Bank was also a creditor.
Lloyds has also lost £9 billion on its Irish loans since the end of 2008 and said 64pc of its £27.6bn of loans in Ireland are now impaired.
Lloyds is now winding down its multibillion-dollar Australian property loan book, made through BOS International and Capital Finance, which had been among the more aggressive lenders to Australian developers.
Lloyds shares remain well below the 63p level at which the British taxpayer effectively bought its stake during the global financial crisis. The British government is hoping to sell down stakes in Lloyds and an 83% stake in Royal Bank of Scotland to raise money to cut its deficit.
Much of the latest loss arose from compensating customers who were mis-sold insurance over preceding decades.</body></html>

Bad Aussie property loans contribute to Lloyds' £3 billion loss

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{yoogallery src=[images/stories/august8story]}
75 Storys Creek Road, Avoca, TAS, 7213
Bona Vista Farm is part of Bona Vista Estate, which was granted to Simeon Lord in 1826. The farm has been leased since 1997 and comprises 2,015 hectares of grazing land and 1,380 hectares of native grassland and forest. It includes a four-bedroom farm manager's house, a two-bedroom station hand's cottage and a machinery shed. The property is on the South Esk River and is about an hour from Launceston. The property is being marketed by<a href="https://www.robertsre.com.au/cgi-bin/clients/robre/home.cgi?gid=23201" title="Robert Rural Real Estate" target="_blank"> Roberts Rural Real Estate</a> Launceston agent Peter Stackhouse with price hopes of $3 million plus.
 
{module 238}
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Bona Vista beauty in Avoca

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{yoogallery src=[images/stories/august5annanicole]}
3646 Avenida Del Sol, Studio City, CA, 91604
The Mediterranean-style mansion where the late Anna Nicole Smith lived and filmed her reality show The Anna Nicole Smith Show has been listed with price hopes of $1.75 million. The 440-square-metre five-bedroom house has panoramic city and canyon views. The mansion features a four-car garage, wrap-around balconies and of course a pool. Smith, a former Playboy Playmate, came into the public eye when she married octogenarian oil tycoon and billionaire J. Howard Marshall in 1994. Thirteen months later Marshall died, leaving Smith half his $1.6 billion estate. Smith died in 2007 of drug intoxication. Blockshopper.com shows the property's owners as Smith's production company, Hot Smoochie Lips, and Smith's onetime partner Howard K. Stern.
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Anna Nicole Smith's former house for sale

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{yoogallery src=[images/stories/august5lyon]}
<img src="/images/stories/flagtitletat.jpg" style="float: left; margin: 5px;">The much-besieged Melbourne Football Club champion and Channel 9 football personality Garry Lyon is in the midst of selling his 1890s <a target="_blank" title="Hawthorn" href="/news">Hawthorn </a>residence (pictured above). It has been scheduled for August 20 auction through Jellis Craig Glen Iris agent Paul Keane, who has told buyers he expects more than $3.5 million.
The marketing began before his beloved club descended into crisis last weekend, which has triggered the call for him to take on responsibilities at the club and potentially to take on the role as its coach. The weight of the club's worries is falling increasingly on Lyon's shoulders. No one’s saying where the family are moving, but given he was about to sign up again on an improved pay package at Channel 9, there’s no doubt it’s an residential upgrade.
The stately hawthorn brick residence with graceful tuck-pointed façade and return veranda sits on an 854-square-metre block. Behind its façade are modern interiors with an extension giving it a 493-square-metre floorplan over two levels. There are four bedrooms plus fitted study. Lyon bought it in 2005 for $2.74 million.
<img src="/images/stories/pottspointapt.jpg">
<img src="/images/stories/flagtitletat.jpg" style="float: left; margin: 5px;">The luxury <a target="_blank" title="Potts Point" href="/news">Potts Point</a> apartment of the hotelier John Chaina (pictured above) has been listed for mortgagee September 15 auction. The fourth-floor apartment at No. 1 Grantham Street, Potts Point, had failed to sell at its April auction, when it was passed in at $6.7 million bid after an opening $6.3 million offer. It's in the recently completed Alex Popov-designed block that replaced the Grantham serviced apartments. It was bought off the plan in November 2007 for $7.5 million. It's now been relisted through Jason Boon of Richardson &amp; Wrench Elizabeth Bay in conjunction with Rick Nolasco at Belle Property with $6 million hopes. The former unit block had been operated by the Goldstein family, who have kept the penthouse in the eight-apartment Halcyon Group development. The 250-square-metre apartments have views of Embarkation Park.
<img src="/images/stories/darriwell.jpg">
<img src="/images/stories/flagtitletat.jpg" style="float: left; margin: 5px;">Darriwill, the 1856 five-bedroom homestead on 388 hectares at <a target="_blank" title="Mooroobool" href="/news">Moorabool</a>, has been listed with $11 million hopes by the illustrator Dougal Ramsay and his partner, Nellie Ramsay, who also own the gourmet food and wine company Darriwill Farm. Marshall White agent Richard Mackinnon and Stan Lawrence Real Estate have the property scheduled for August 17 invite-only auction. The stately 560-square-metre Vogue Living-featured Victorian homestead is located about an hour from Melbourne on the slopes of the Moorabool Valley.
The property with stables, coach house, pond, pool, lakes, bluestone woolshed, cattle yards and four-hectare vineyard has two kilometres of tree-lined frontage along the Moorabool River where it meets with Sutherlands Creek. The bluestone homestead was completed in 1856 by George and Marianne Hope, and was set up as a grazing property and vineyard.
The immediate surroundings to the house were extensively replanted in 1994, when Dougal and Nellie Ramsay purchased the property. Grapes from Darriwill are used in the Provenance label, which wine critic James Halliday has given a rating of 96 two years running. Ramsay family descendant William founded the Kiwi shoe-polish business, which sold in 1986 for $41 million.
 
<hr class="system-pagebreak">
<img src="/images/stories/schespisi2.jpg">
<img src="/images/stories/flagtitletat.jpg" style="float: left; margin: 5px;">Hollywood production company director Jason Schepisi secured $2.8 million for his <a target="_blank" title="Byron Bay" href="/news">Byron Bay</a> retreat (pictured above and below). The Richard Neutra-inspired, Palm Springs-style, three-bedroom Brooklet hinterland house was bought by Bought by Curtis Zuber, a director at the mortgage investor 1G WST Trust.
<img src="/images/stories/schespisi.jpg">
It was built, along with a 15-metre pool, following its 2006 acquisition for $655,000. The Friday Hut Road property had been listed through Frances O'Connor of Belle Property Byron Bay, in conjunction with Unique Estates agent Nicolette van Wijngaarden. The Baby Lemonade production house director once lived in George Clooney's former pad beneath the Hollywood sign in Los Angeles and is the son of film director Fred. He kicked off his career making videos for Baby Animals, INXS and the Choirboys. Schepisi sold his 30-hectare Newrybar property for $1.8 million in late 2006.
<img style="float: left; margin: 5px;" src="/images/stories/flagtitletat.jpg">The film and television director Mark Joffe still has his <a target="_blank" title="Waverly" href="/news">Waverley </a>property listed for sale. Joffe's three-bedroom Kent Street terrace has ocean views. It was initially listed in September last year with hopes of $1.4 million-plus. Now it’s $1.25 million plus through Di Jones agent Jane Schumann. It cost $1.07 million in 2003.
<img src="/images/stories/lockyer2.jpg">
<img style="float: left; margin: 5px;" src="/images/stories/flagtitletat.jpg">Title Tattle aims to tell you as soon as we know – often before it happens – so the word from up north is that Darren Lockyer, the 34-time Queensland State of Origin team hero, has pulled his Brisbane home (pictured above) from this weekend’s scheduled auction. Offers are now being sought for an August 19 tender marketing campaign. The contemporary <a target="_blank" title="Paddington" href="/news">Paddington </a>five-bedroom, three-bathroom house has been listed through Tim Douglas and Gail Miller at Place Estate Agents.
<img src="/images/stories/butmaroo.jpg">
<img style="float: left; margin: 5px;" src="/images/stories/flagtitletat.jpg">And don’t say that Title Tattle told you, but Mosman businessman Bill Pulver sold his 946-hectare Butmaroo Station (pictured above) near <a target="_blank" title="Bungendore" href="/news">Bungendore </a>on the NSW southern tablelands in May for $3.87 million. Pulver had paid $1.55 million in 2001. It was bought by Penny Allinson’s Silver Brumby Pty Ltd. Allinson pioneered Enviroballs Australia, which is an eco-friendly laundry detergent.
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