<a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.

A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.

Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360965]

“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.

From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.

The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360981]

Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.

A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.

Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360966]

Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.

“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.

Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360969]

Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.

The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.

“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”

The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.

The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.

[smartcode_project_cta:default project_id=149670]

Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.

The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.

Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.

The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.

The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" />

Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.

Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.

The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."

The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" />

Campbelltown has been starved of new residential developments in the last decade.

The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.

First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

First look at MAYD's North Kirra mixed-use precinct

<main data-perf-region="main">
Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

[smartcode_project_cta:default project_id=152737]

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
</main>

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

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

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?

When the opportunity arose for South Australian developer Palumbo to return to Kent Town, where it had previously delivered East Park Apartments and the East 
Rundle Apartments, it wasn't one the longstanding developer-builder was going to pass up.

The decision was quickly vindicated, with more than 20 apartments sold within the first month of launching <a href="https://www.apartments.com.au/new-apartments/royal-apartments-kent-town-2-8-north-terrace-kent-town-sa-5067">Royal Apartments</a> to the market.

The 206-apartment development, which will bring significant new supply to Adelaide's tightly held eastern city fringe, also gives <a href="https://www.apartments.com.au/developers/palumbo">Palumbo</a> the opportunity to bring new life to one of Kent Town's most recognisable watering holes.

[smartcode_project:default project_id=6109 project_image_fid=376073]

Royal Apartments incorporates the historic Royal Hotel, a venue Palumbo Managing Director Daniel Palumbo said has a longstanding connection with the local community.

"Everyone in the area has history with the Royal Hotel," Palumbo told Apartments.com.au.

"It was quite an active pub and social gathering place for locals. We want to bring it back to its former glory."

[smartcode_project:default project_id=6109 project_image_fid=376072]

The wider development will comprise two residential towers alongside the restored hotel, sitting on North Terrace opposite the Adelaide Park Lands.

For Palumbo, the project also marks a return to familiar territory.

The developer completed East Park Apartments next door more than a decade ago and jumped at the opportunity to develop in Kent Town again when the Royal Hotel site became available.

"The opportunity emerged, and we moved to secure the site," Palumbo said.

"We were approached by the previous landowner, who said they had extensive commitments in Sydney and weren't in a position to deliver the project.

"We took over the site and within six months recut the design scheme to be more in keeping with the type of development we want to bring to Adelaide.

"Now we're on the market and those changes have really resonated with local buyers."

That has translated into a strong start to sales, with 22 apartments transacting in the project's first 35 days.

Palumbo said the early purchaser profile had been consistent with the group's traditional focus on owner-occupiers rather than investor-led apartment stock.

"Local owner-occupiers have always been our market," he said.

"There are always some investors, but we've never developed what would be called traditional development stock. Owner-occupiers are very much our market."

[smartcode_project:default project_id=6109 project_image_fid=376068]

The buyer mix has been diverse so far, with downsizers and younger professionals both accounting for a significant portion of early sales.

South Australia's current stamp duty settings, which allow&nbsp;eligible homeowners in South Australia aged 60 savings of up to $103,830 on stamp duty when they downsize to a new property valued at up to $2 million,&nbsp;have helped encourage downsizer activity, while younger buyers in their late 20s and early 30s have been attracted to the opportunity to live immediately outside the CBD while still being able to walk into the city.



Location has been a major part of the proposition for both buyer cohorts.

[smartcode_project:default project_id=6109 project_image_fid=376075]

Royal Apartments sits on North Terrace directly opposite the Adelaide Park Lands, with residents able to walk through the parklands toward the East End, Rundle Street and Rundle Mall.

Apartments have been positioned to capture views across the parklands, Adelaide skyline, Botanic Gardens and Adelaide Hills.

Palumbo believes the scarcity of developable land along this section of the Park Lands makes the site particularly difficult to replicate.

"There's very few allotments on that side that can be developed," he said.

"If this location was in New York and you were sitting on Central Park, you'd be talking about a $60 million apartments."

Royal Apartments will offer a broad mix of residences, ranging from one-bedroom apartments through to four-bedroom sub-penthouses and penthouses.

Current listings include one-bedroom apartments from $680,000, while larger three and four-bedroom residences are priced around $2.5 million.

Residents will have access to a swimming pool, gym, barbecue and recreation areas, residents' lounge and dining space, and a communal deck.

[smartcode_project:default project_id=6109 project_image_fid=376067]

The apartments will feature generous balconies, while secure parking, bicycle storage and storage cages will also be provided.

A porte-cochère-style arrival and drop-off area has also resonated with buyers, particularly those attracted to being able to walk into the CBD during the day while retaining secure vehicle access at home.

Palumbo is acting as developer, architect and builder on Royal Apartments, continuing the vertically integrated model it has used across its South Australian portfolio.

The group was also behind the $150 million Sofitel Adelaide, the 251-room five-star hotel and residential tower which opened in 2021.

Palumbo said Royal's launch had come at an interesting time for the broader Adelaide apartment market.

Buyer confidence had initially been impacted by uncertainty surrounding the Federal Budget and broader economic conditions, but Palumbo believes sentiment is beginning to improve against a backdrop of significant investment flowing into South Australia.

He pointed to increased activity across defence and resources, including Olympic Dam, as potential long-term drivers of the state's economy and housing market.

"Money is starting to flow into Adeliade, significant amounts as Adelaide bucks the trend of the rest of the country.," Palumbo said.

"There's a lot of activity in the economy over the next decade. I think more investment will come into this market."

Early works on Royal Apartments are expected to commence this year, with major construction activity and cranes anticipated on site from early next year.

[smartcode_project_cta:default project_id=6109]

Palumbo's return to Kent Town strikes early chord with buyers

<html><body>
The Adelaide housing market appears to be in a state of limbo, though annualised data from RP Data shows that house price falls accelerated during the final six months of 2011.

Louis Christopher describes the Adelaide market (both houses and units) as “neither falling nor recovering”.

WBP believes the city’s market still has a way to go before bottoming out but says that house prices appear to be stabilising in some areas, while demand is weak in others.

Charles Tarbey places Adelaide close to the bottom of the cycle and says that while there is a higher level of housing stock at the start of 2012 than at the start of 2011, these levels are steadily declining.  

“It may only require a pick-up in global confidence for activity to increase. Signs of increasing activity can be seen, for example, in attendance levels at open for inspections,” he says.
<img src="/images/stories/clock-adelaide-houses.jpg">
Time: Five o'clock
CBRE says affordability will be the key issue for the Adelaide market during the next 12 to 18 months despite the recent house price correction. CBRE says a recovery in the Adelaide housing market is heavily tied to further interest rate cuts and a reduction in global uncertainty over the eurozone, which is encouraging buyer caution.

According to the Real Estate Institute of South Australia, Adelaide vacancies sit around the 3.1% level, just above the equilibrium figure of 3% – indicating a slight oversupply of rental accommodation.
Population: 1.2 million 
Median house price: $390,000 
House price growth in February 2012: 1.4% 
Annual house price growth to December 2011: -5.3% 
Annual house price growth to July 2011: -3.9% 
Rental yield: 4.2% 
To find out where your capital city's house or unit market is on the property clock, <a target="_blank" href="http://propertyobserver.com.au/ebooks/free-ebook-australias-autumn-2012-property-clock">download our free eBook.</a>
Property Observer has also analysed the <a href="https://www.propertyobserver.com.au/south-australia/adelaide-unit-market-at-six-o-clock-with-prices-bottoming-out/2012041254252" target="_blank">Adelaide unit market on the property clock</a>.
 
</body></html>

lschlesinger-FZcF9M3vE6

Adelaide house market at five o'clock and in a state of limbo: Experts

<html><body>
South Australia is our most under-rated economy. People still see it as a state that lacks population and economic impetus. Some economists believe it’s a recession state.
Here’s what they’re missing:
South Australia is our third big resources state. Not many realise it, but a quick counts shows $50 billion in mining projects percolating in the background, largely unnoticed – other than BHP Billiton’s expansion of Olympic Dam, which gets most of the media attention.
The $50 billion figure doesn’t include projects that will emerge from the 2011 decision to allow mining in the Woomera Prohibited Area, which contains copper and uranium resources larger than Olympic Dam.
The only reason we’re not agog about the level of mining enterprises in South Australia is that Queensland and Western Australia, which have even larger numbers, are getting all the attention.
Adelaide is the centre of the defence industry in Australia, with the $8 billion Air Warfare Destroyer project well under way. There is also a big expansion of military resources at the Edinburgh facility in Adelaide’s north. And there’s the possibility of the submarine fleet project, likely to cost tens of billions.
Adelaide is a leader in car manufacturing, with an assured future emerging from the announcement that Holden has agreed to inject $1 billion into vehicle manufacturing in Australia and to make two next-generation models at its Adelaide plant, after getting federal government's contribution of $215 million.
Adelaide has more infrastructure development currently happening than Sydney (which is more an indictment of NSW than a tribute to South Australia).
Current major enterprises include the Royal Adelaide Hospital ($1 billion), the Southern Expressway upgrade ($500 million), the South Road upgrade ($800 million), the extension of rail to Seaford ($300 million), the desalination plant ($1.8 billion) and the ongoing electrification of the city’s rail system.
South Australia is the national capital for wind farm developments, which could be a significant industry (from both the economic and environmental viewpoints) if state governments would stop impeding it for dubious political reasons.
So far South Australia has avoided the impulse to inflict the draconian restrictions that have made Victoria and NSW look silly.
As the South Australian resources sector expands with a rapidly growing number of projects, property markets around the state will thrive, including those in the state capital. Often what matters is not where the big projects are located so much as where the key companies are headquartered.
The $30 billion expansion of Olympic Dam is a fine case study. The big holes will be dug at Roxby Downs, but the impacts will spread hundreds of kilometres in various directions.
As we have seen with Perth and Brisbane, we can expect demand for CBD office space to grow, as well as demand for industrial space. The growth in white-collar jobs will fuel demand for dwellings in Adelaide, as will the creation of thousands of fly-in-fly-out positions for people who live in the state capital but work in Roxby Downs.
The state government says the project is worth an average of $8.6 billion a year to the state's economy. Some say they doubt the project will proceed, despite the fact that it has already started.
Adelaide company Ausco is among the first to win work from Olympic Dam. It has been handed a contract to build transportable units which will house some of the first of 10,000 workers for the project. Ausco increased its shopfloor workforce by 50% to 120 during 2011 and is busy recruiting the same number again - a doubling within 18 months.
Adelaide civil engineering firm Exact Mining has recruited 80-90 specifically for this project, in addition to 60 of its existing personnel, because it’s been hired to build haulage roads and level the site alongside the proposed open pit of the copper-gold-uranium mine, so heavy equipment can be brought to Olympic Dam.
Other companies to secure contracts include Roxby Downs-based earthmovers Heading Contractors and Adelaide engineering company Tonkin Consulting.
Our biggest miner will be building new infrastructure at Port Adelaide, which will boost property markets in the area, which already has the AWD project creating jobs.
Regional centres like Port Augusta and Whyalla will also feel the impacts.
Port Augusta will provide the landing stage and assembly point for imported equipment. Its power stations are also likely to be the primary power source for the Olympic Dam expansion.
Whyalla will be the site of the $700 million desalination plant and pipeline that will provide the water BHP Billiton will need. The monster trucks used in the mining operation will be assembled at Whyalla by Cavpower.
The likely impacts of allowing mining in the Woomera Prohibited Area can only be guessed at, given that the announcement was made only last year. But this area, previously off limits to everyone but the military, is the largest untapped minerals resource in Australia and is likely to be worth hundreds of billions of dollars over time.
Coober Pedy, which has some major mining action already happening, is well positioned to grow as a result. So too are Port Augusta and Whyalla, as the WPA minerals will need to be processed and exported – and these are the logical places.
 
Terry Ryder is the founder of <a href="https://www.hotspotting.com.au/" target="_blank">hotspotting.com.au</a> and can be <a href="https://www.twitter.com/hotspotting" target="_blank">followed on Twitter</a>.
Photograph by <a href="https://www.allshotsimaging.com.au/" target="_blank">Allshots Imaging</a> courtesy of <a href="https://www.flickr.com/" target="_blank">Flickr</a>
 
 
 
</body></html>

terryryder-YECXbqmri2

Adelaide mistakenly overlooked by investors as projects get under way: Terry Ryder

<html><body>
Houses in South Australia’s slowest-selling suburb, Tumby Bay, north of Port Lincoln, took 174 days to sell last year, according to RP Data. This was closely followed by Meningie and Milang, south of Adelaide, where houses took 164 days to sell. There were 24 sales in Tumby Bay.
<table width="217" cellpadding="0" cellspacing="0" border="0"><tbody>
<tr>
<td valign="bottom" nowrap width="115">
Localities
</td>
<td valign="bottom" nowrap width="103">
Days on Market
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="115">
Tumby Bay
</td>
<td valign="bottom" nowrap width="103">
174
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="115">
Meningie
</td>
<td valign="bottom" nowrap width="103">
164
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="115">
Milang
</td>
<td valign="bottom" nowrap width="103">
164
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="115">
Maitland
</td>
<td valign="bottom" nowrap width="103">
160
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="115">
Minlaton
</td>
<td valign="bottom" nowrap width="103">
159
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="115">
West Lakes Shore
</td>
<td valign="bottom" nowrap width="103">
159
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="115">
Hindmarsh Island
</td>
<td valign="bottom" nowrap width="103">
157
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="115">
Keith
</td>
<td valign="bottom" nowrap width="103">
156
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="115">
Yorketown
</td>
<td valign="bottom" nowrap width="103">
155
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="115">
Kapunda
</td>
<td valign="bottom" nowrap width="103">
154
</td>
</tr>
</tbody></table>
Source: RP Data
</body></html>

awalsh-7Ub9EypybQ

Tumby Bay slowest-selling locality in South Australia: RP Data

<html><body>
Houses in Adelaide took an average of just 16 days to sell last year, topping the list of fastest-selling localities in South Australia, according to RP Data. This was followed by Beverley in Adelaide’s north at 19 days. Property Observer notes there were 27 sales in Adelaide last year.
<table width="210" cellpadding="0" cellspacing="0" border="0"><tbody>
<tr>
<td valign="bottom" nowrap width="107">
Locality
</td>
<td valign="bottom" nowrap width="103">
Days on Market
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="107">
Adelaide
</td>
<td valign="bottom" nowrap width="103">
16
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="107">
Beverley
</td>
<td valign="bottom" nowrap width="103">
19
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="107">
Melrose Park
</td>
<td valign="bottom" nowrap width="103">
20
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="107">
Bedford Park
</td>
<td valign="bottom" nowrap width="103">
21
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="107">
Clarence Gardens
</td>
<td valign="bottom" nowrap width="103">
21
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="107">
Exeter
</td>
<td valign="bottom" nowrap width="103">
22
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="107">
O'Sullivan Beach
</td>
<td valign="bottom" nowrap width="103">
25
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="107">
Richmond
</td>
<td valign="bottom" nowrap width="103">
25
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="107">
Torrensville
</td>
<td valign="bottom" nowrap width="103">
26
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="107">
Nailsworth
</td>
<td valign="bottom" nowrap width="103">
27
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="107">
Netley
</td>
<td valign="bottom" nowrap width="103">
27
</td>
</tr>
</tbody></table>
Source: RP Data
</body></html>

Adelaide fastest-selling locality in South Australia: RP Data

<html><body>
The news that BHP Billiton received final approval (or you could say finally received approval, depending upon your point of view) to begin a $30 billion expansion of the Olympic Dam mine in South Australia is certainly welcome news. The environmental impact study on this project was begun in 2005, so this news has been a long time coming. Prices have been dormant since the market rose in 2006 on speculation of the mine going ahead.
In 2007 and 2008, house prices dropped and hit rock bottom and between then and now the market has been sluggish. With Gladstone as a precedent of what can happen to the property market when these huge projects are announced, I would expect higher levels of interest in the Whyalla and Port Augusta markets.
We brokered properties in Whyalla in 2008 at the bottom of the market; however the announcement had been delayed by 18 months. Few imagined that approval would be so long in coming, however investors who bought into the market at that time will, I believe, be able to recycle their equity and tighten their rents as a result of this latest news. Investors can't cash in now. I would wait another three years to see them maximise the best of a market that will heat up.
The Olympic Dam mine is the mothership of projects, so I expect the South Australia economy and workforce to reap the rewards. I think we will see a lot of interest in Whyalla by the middle of this year, with clients looking for capital gains as a spin off from the project. Vacancy rates will tighten up and the outlook is a lot brighter.
Investors should expect to buy into a soft market, and they need to be a little patient to get a growth result. The market offers plenty of housing solutions under $250,000. The market has been really soft with the average days on the market approximately 180 days, so investors will have a great offering of bargains.
The strategy for this market is definitely “buy well” and make your money buying. Get a discount off the asking price of up to 10% and wait for the growth.
The city of Whyalla and nearby Port Augusta will derive a great deal from this expansion. During the construction phase, 6,000 jobs will be created, and the mine will add another 4,000 jobs to its normal operations. Indirectly, the mine expansion will create 15,000 jobs, and the total number of jobs becoming available will total 25,000.
Whyalla is a city that has its urban planning already in place. It could fit twice the amount of people it currently has. Whyalla has been asleep for far too long, relaying mainly on its steel industry and port. It will act as a service centre, so all aspects and industry of the town will do well.
Even though Whyalla has other industries doing reasonably well right now, I believe this announcement will be of huge benefit. The town has been ready for 30 years for this to happen.
One would only have to look at higher house prices and associated wages in Port Lincoln, which relies on tuna fishing and export the tuna to the Japanese, to see what can happen to house prices when an industry actually works in the air peninsular. Port Lincoln house prices are about $40,000 more than current prices in Whyalla.
There is plenty of time for investors to jump into this market. The next nine months will be interesting to watch. I would monitor this market closely now and it will be pivotal to see the reaction of locals and interstate investors. Now the premier of South Australia has signed off on the deal, I believe it will be game on. Many are tipping it as the Gladstone of SA.
BHP’s planned $700 million desalination project to support the Olympic Dam project and the $600 million planned port expansion of nearby Port Bonython will just add to infrastructure that will boost the towns prospects.
Whyalla is emerging as the preferred location for many mining companies looking to tap into the resource-rich area, that includes rare earth oxides, phosphate, gypsum and uranium oxide. Additional factors culminating as growth drivers for Whyalla include access to key infrastructure such as a good road, rail and port facilities, access to a skilled workforce, proximity to seawater for a desalination plant, and the support of the South Australian government for many new miners and projects.
Sam Saggers is CEO of<a href="https://www.positiverealestate.com.au/ME2/Sites/Default.asp?SiteID=697F1E57F8A54C7F9582C3C49417EEC4" target="_blank"> Positive Real Estate.</a>
Photograph by Wayne Thomas, courtesy of <a target="_blank" href="https://www.flickr.com/">Flickr</a>.
 
 
 
</body></html>

ssaggers-cYw3HLcXnJ

Want to capitalise on the mining boom? Consider Whyalla and South Australia’s Olympic Dam mine: Sam Saggers

<html><body>
With twin private marina berths at its back door, Riverdell, in <a target="_blank" href="/news">Glenelg North</a>, is likely to appeal to a well-heeled Adelaide yachtie.
The three-storey house on 850 square metres is one of eight on sought-after Cygnet Court and features five bedrooms and six marble bathrooms. 
The courtyard includes a luxury lap pool with spa seat, in case having the harbour of the Sturt River at the back door is not water enough.
There is an internal lift as well as six balconies, two fireplaces and a discrete home office.
Lew and Anthony Toop of Toop &amp; Toop Real Estate <a href="https://www.toop.com.au/fulldetails.asp?refid=CONFIDGLE0A" target="_blank">are marketing the property</a> with price hopes of $6.9 million. 
</body></html>

cknowlton-QnEa6ntUYP

Riverdell looking for an Adelaide yachtie

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

Mediterranean beachfront mansion in Tennyson on the market

<html><body>
SQM Research has predicted Adelaide house prices will drop between 2.3% and 4.3% in the next year, due mainly to an increase in the amount of stock on the market.
"Adelaide's stock on market rose by 5.3% during the month of September and 26.7% year on year – a considerable increase. Total amount of stock on the market is currently at 16,618, and if listings continue to flood the Adelaide market we can expect the influx to have a downward pressure on house prices," SQM director Louis Christopher says.
Christopher says nationally there are 382,287 dwellings on the  market, which is not good news for sellers, as the market is oversupplied. He says any market turnaround is dependent on the Reserve Bank.
"A lot relies on what the Reserve Bank of Australia decides to do with interest rates," Christopher says.
"If the RBA chooses to raise rates again in 2011 or 2012, property prices will continue to fall in the next calendar year. If they choose to keep interest rates on hold, then this may help stablise property prices and prevent further falls. If they choose to reverse course and cut interest rates this year or next, it is likely that property markets will bottom out, house prices will stabalise and even rise in some cities at the top end of our forecast range. 
"At this stage the general consensus is that the RBA will either cut rates by a quarter point by Christmas or keep rates on hold. So it is unlikely we will see rises in interest rates."
Despite SQM's predictions for a falling Adelaide market, its recently released list of the top 10 discounted properties in South Australia shows that the state's vendors are not offering discounts as deep as those in parts of New South Wales or Queensland, with the most discounted property offered at less than 30% off its original asking price. 
<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%3D106364068">22 Fenton Avenue, Christies Beach, SA, 5165</a>
On the market since: March 6, 2010
Initial asking price: $1.195 million
Current asking price: $845,000
Reduction: 29%
Days on market: 581
 
<h2 style="font-size: 18px; line-height: 21px;"></h2>
<h2 style="font-size: 18px; line-height: 21px;">2</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%3D106736580">Lot 12 Hannaford Road, Cudlee Creek, SA, 5232</a>
On the market since: August 7, 2010
Initial asking price: $1.4 million
Current asking price: $995,000
Reduction: 29%
Days on market: 427
 
3
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008755504">8 Frederick Street, Port Elliot, SA, 5212</a>
On the market since: December 27, 2010
Initial asking price: $395,000
Current asking price: $285,000
Reduction: 28%
Days on market: 287
 
<h2 style="font-size: 18px; line-height: 21px;">4</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2007653512">2 Dulwich Close, Goolwa Beach, SA, 5214</a> (pictured)
On the market since: Marcy 8, 2009
Initial asking price: $1.1 million
Current asking price: $795,000
Reduction: 28%
Days on market: 946
 
<h2 style="font-size: 18px; line-height: 21px;">5</h2>
<a href="link%20&lt;http:/sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008627958" target="_blank">1 Hero Avenue, Middleton, SA, 5213</a>
On the market since: October 18, 2010
Initial asking price: $1.2 million
Current asking price: $870,000
Reduction: 28%
Days on market: 357
 
<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%3D107397229">30 Fairview Road, Hahndorf, SA, 5245</a>
On the market since: May 14, 2011
Initial asking price: $790,000
Current asking price: $575,000
Reduction: 27%
Days on market: 147
 
<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%3D106542744">11 Pyrites Road (via Nairne), Brukunga, SA, 5252</a>
On the market since: May 23, 2010
Initial asking price: $253,000
Current asking price: $185,000
Reduction: 27%
Days on market: 503
 
 
<h2 style="font-size: 18px; line-height: 21px;">8</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106983302" target="_blank">416/19 Holdfast Promenade, Glenelg, SA, 5045</a>
On the market since: November 13, 2010
Initial asking price: $1.495 million
Current asking price: $1.095 million
Reduction: 27%
Days on market: 329
 
<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%3D107101546">Section 46 Chappel Road, Hindmarsh Island, SA, 5214</a>
On the market since: January 15, 2011
Initial asking price: $460,000
Current asking price: $340,000
Reduction: 26%
Days on market: 266
<h2 style="font-size: 18px; line-height: 21px;">10</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D107059750" target="_blank">88 Grundy Terrace, Christies Beach, SA, 5165</a>
On the market since: December 18, 2010
Initial asking price: $785,000
Current asking price: $595,000
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.
</body></html>

SQM forecasts drop in Adelaide house prices due to influx of new listings

<html><body>
{yoogallery src=[images/stories/october19adelaidehills]}
The former Wistow Golf Club House, now a column-heavy residential home on about 28 hectares, is for sale for $1.5 million plus hopes.
The house is owned by retired doctor Brice Douglas and his wife, Ruth. Expressions of interest are due by November 16.
The Douglases purchased the property 10 years ago and built the home over a period of 18 months. Wistow Golf Club relocated and amalgamated with Mount Barker Golf Club.
The home includes a Tuscan-themed indoor pool that continues the columned theme, a home theatre and four bedrooms.
The property comprises six paddocks with electric fencing, bore water and four dams, cattle yards, a vegetable garden and olive trees. The farm is a certified organic cattle farm.
The Adelaide Hills property is about a half hour’s drive to Adelaide and five minutes from Mount Barker.
The property is being marketed by Shane Snellgrove of Shane Snellgrove Real Estate.
</body></html>

Former Adelaide Hills golf clubhouse on the market

<html><body>
{yoogallery src=[images/stories/august18church]}
234 Port Road, <a target="_parent" title="Alberton" href="/news">Alberton</a>, SA, 5014
This 19th-century Baptist church has been an orphanage, a home wares showroom and the home of four-time Archibald Prize finalist David Bromley.
The original pipe organ is still in situ, as is the marble baptismal font. 
The striking high ceilings, large kitchen botanical-style gardens and moulded architraves and skirtings make the property stand out from the crowd. The main bedroom is currently used as a showroom studio, but the property could be returned to residential use. 
English-born artist David Bromley migrated to Australia with his family in 1964, and his work came to prominence in the mid 1980s. His work is featured in the collections of Artbank, Art Gallery of South Australia, Art Gallery of Western Australia and the National Gallery of Victoria.
The church sold the property in 1999 for $249,500, and it last sold in 2005 for $880,000.
It is being marketed by <a target="_blank" title="Century 21" href="https://www.century21.com.au/c21/propertySearch/brochure.cfm?grplstno=SA1916407&amp;State=SA&amp;SBRB=ALBERTON&amp;pcde=5014">Century 21</a> agents Rosalie Grickage and Wayne Dann with price hopes in excess of $2 million.
</body></html>

Latest South Australia Property News

Palumbo's return to Kent Town strikes early chord with buyers

Editor's Picks

Developments

New apartments

New townhouses

News

Latest South Australia Property News

Palumbo's return to Kent Town strikes early chord with buyers

Editor's Picks

Receive the latest news stories to your inbox

Developments

New apartments

New townhouses

News