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?

<a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a> is preparing to commence construction on <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> this October, marking the next milestone for the Melbourne CBD development and its higher-end Eliza Collection.

Spanning levels 44 to 68 of the 68-storey <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed tower, the Eliza Collection has been conceived as a lower-density offering within the broader development, with only five apartments on each floor, dedicated lift access and a collection of resident spaces reserved exclusively for Eliza Collection residents.

The Eliza Collection forms part of Far East Consortium's broader move toward larger-format residences at 640 Bourke Street, where the number of apartments was reduced from earlier plans as apartment sizes increased.

[smartcode_project:default project_id=509 project_image_fid=365685]

"What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Far East Consortium Director of Sales and Marketing Lauren Sheldon said.

Rothelowman Associate Jun Chang said the design process provided an opportunity to create more generous floorplans.

"We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."

[smartcode_project:default project_id=509 project_image_fid=368869]

That thinking carries through to the Eliza Collection, where the residences have been designed around the space and functionality associated with a larger home, but positioned high above the centre of Melbourne.

Kitchens are equipped with Gaggenau appliances, a butler's pantry, temperature-controlled wine cabinet and sculptural pendant lighting, while engineered timber flooring, stone and porcelain finishes and custom cabinetry feature throughout the broader interiors.

Privacy and security are another point of distinction. Eliza Collection residents have dedicated lift access, while 640 Bourke Street will provide concierge services and secure resident parking. Short-stay accommodation, including Airbnb, will not be permitted within the development.

[smartcode_project:default project_id=509 project_image_fid=365689]

Eliza Collection residents will also have exclusive access to selected amenity spaces across levels one and three of the restored Eliza Tinsley building. These include the Salon with grand piano, an art therapy room, private dining rooms and treatment rooms.

They sit within more than 3,000 sqm of amenity planned across 640 Bourke Street, alongside facilities including a pool, gym, whisky lounge and further social and wellness spaces.

The Eliza Tinsley building itself is central to the wider project's identity. Rather than treating the existing Eliza Tinsley façade as a separate element, Rothelowman used it as a starting point for the architecture of the new tower, with the historic building to accommodate the project's gallery and lobby.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

[smartcode_project:default project_id=509 project_image_fid=368872]

The tower will rise behind the retained heritage building at 640 Bourke Street, placing residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market and the Docklands waterfront.

With construction scheduled to begin in October, Far East Consortium has established an onsite display gallery at 640 Bourke Street, including fully built apartments that allow the project's layouts, materials and finishes to be inspected at full scale.

A fully built Eliza Collection apartment is also available to view at the display suite by appointment ahead of the planned October construction commencement.

Eligible purchasers who buy before construction commences can secure the full available off-the-plan stamp duty savings, subject to eligibility and applicable conditions.

[smartcode_project_cta:default project_id=509]

Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

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Historically speaking, the performance of last year’s rental market in Melbourne was relatively moderate.
In the last three months of 2014 the median advertised rent for a house in Melbourne increased by a minor 0.3% to $448 per week, the opposite to the -0.3% drop in the unit market.
September’s result is reflective of the broader performance of the rental market over 2014 where low rental growth and low yields persisted.
Over the course of 2014 house rents increased by 2.5% and units increased by 1.9%.
For houses, 2014 was not dissimilar to the past five years. On a annualised basis, rents rose by 2.5% in 2013, 1.3% in 2012, 2.7% in 2011. The only year that recorded a substantially different result was 2010 when rents grew 5.5%.
The unit market recorded similar results.
In many respects the rental market is following the changes in value seen in the ownership market. With the exception of the unit market, the last two years were similar and 2010 saw boom-like conditions.
Similar to the ownership market, the biggest question for 2015 is whether the growth in supply in the unit segment will further moderate advertised rents.
Yields remained low. For both units (4.2%) and houses (3.3%) the yield in Melbourne is the lowest of all capital cities. This does not seem to concern investors who are clearly focused on the longer term prospects for capital gains.
Key facts
<ul>
<li>Median advertised rent for a house in Melbourne $448</li>
<li>Median rent for house rise 2.5% in 2014, units 1.9%</li>
<li>Melbourne yields lowest of all capital cities</li>
</ul>
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rlarocca-zWhvjay44N

Yields remain low in Melbourne rental market

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An inner-city development site, at 70-88 Greville Street and 42 Charles Street in Prahran, has been sold.
The buyer, reportedly a local private developer, paid more than $20 million.
It is a <a href="https://www.realcommercial.com.au/property-land+development-vic-prahran-501340459" target="_blank">2,662 square metre site</a> suitable for a mixed-use residential and retail project. It was the first time offered in 25 years.
For a time The Voluntary Euthanasia Society of Victoria had its office at 70 Greville Street.
The site was listed by Mark Wizel and Jamus Campbell of CBRE City Sales.
More than $23 million has been paid for a full city block in Collingwood too.
The 2010 square metre island site, bounded by Wellington, Langridge, Cambridge and Derby streets, sits within Collingwood’s so-called golden pocket.
“Rewind several years and few people would have expected that land in Collingwood and Prahran would be achieving in excess of $10,000 per square metre,” Wizel said.
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jchancellor-FAypfDUnLy

Prahran development site sells for $20 million plus

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The top 10 Melbourne suburbs ranked by growth in house values in 2014 were dominated by some of the cities most expensive suburbs and they were located south of the Yarra.
Overall, the Melbourne housing market produced a near repeat of 2013 with house values rising by 8.4% and units recorded a rise of 1.1% as a result of high levels of supply; particularly in the inner city highrise market.
<a href="/news">Armadale</a>, <a href="/news">Caulfield North</a> and <a href="/news">Kew </a>experienced the highest growth in house values and this is reflective of a number of factors including that the strongest rate of value growth being recorded in the middle and upper segments of the market.
The appearance of <a href="/news">Box Hill</a> in the Top 10 highlights the continual popularity of the group of suburbs around <a href="/news">Balwyn</a> and <a href="/news">Mont Albert</a>. Over the last decade these suburbs have provided the best capital gains for owners. These suburbs have broad appeal for myriad reasons such as close proximity to local amenities such as parks, a range of transport choices, local shopping nodes and accessibility to the central business district.
At a broader level, the fundamentals of the Melbourne property market remain sound. A major contributor to these fundamentals is the positive impact on housing market from supportive monetary policy in the form of a record low interest rate. Furthermore, ongoing strong overseas migration to Victoria and a record high influx of residents moving to the state from the rest of Australia also helps to support housing demand.
House value growth slowed from 3.8% in the September 2014 quarter to just 0.8% over the final quarter of 2014. My big question for the summer and autumn markets is whether this was simply due to higher levels of supply or the start of a softer trend.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/01/melbourne-property-values-table1.jpg" target="_blank"><img class="aligncenter wp-image-4157 size-full" src="https://blog.corelogic.com.au/wp-content/uploads/2015/01/melbourne-property-values-table1.jpg" alt="" width="694" height="586"></a>
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South of the Yarra dominates Melbourne's top suburbs for house value growth

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A 3.9 x 6.1 metres boatshed, S28 Shelley Beach at Portsea, has been listed with $500,000 plus hopes for 24 January auction. 
Another boatshed on the beach (generic image above) set a record $585,000 in 2011 through RT Edgar Portsea.
In 2010 two young families paid $455,000 for their 22 square metre boatshed as a place to store their beach gear which eclipsed the previous record of $362,000 two years earlier.
The sand-coloured, rendered brick bathing box, S28 has been <a href="https://www.rtedgar.com.au/property/162240/boat-shed-s28-shelley-beach-portsea/" target="_blank">listed through RT Edgar Portsea</a> agents Warwick Anderson and Ilze Moran.  
"It is a rare opportunity to secure a fully rendered masonry boat shed close to the base of Campbells Road path, in excellent order with clear access to the beach," Moran said.
There are slim pickings for cliff top/beachfront properties among the limited 2015 Australia Day weekend auction offerings, with the prestige offerings offered by private treaty this summer.
Shelley Beach is considered Victoria's most exclusive holiday locale as its offers owners uninterrupted northern views over the bay.
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Portsea boatshed listed with $500,000 plus hopes

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The King David School has sold its land holding in Armadale.
With more than <a href="https://www.cbremelbourne.com.au/properties/cbd-and-cbd-fringe-development-sites/117-kooyong-road-and-21-23-munro-street/" target="_blank">6000 square metres, </a>it was hoped it would fetch as much as $15 million.
But it fell short with the campus, that includes the historic Armadale House mansion, selling for $14.5 million.
The 1.5 acre property located at 117 Kooyong Road and 21-23 Munro Street has been home to the school since the 1970s.
The marketing campaign was conducted by CBRE overseen by the property consultancy Charter Keck Cramer.
King David School president Mark Harrison said the proceeds would be used to fund construction and refurbishment at the school’s two campusus in nearby Dandenong Road and Orrong Road, Armadale.
Interest had been expected by aged care and medical operators, residential developers, educational institutions and private home buyers.
Thee is a two-year leaseback on the current premises.
Armadale House was built in 1876 for James Munro, the land boomer who was the 15th Premier of Victoria from 1890 to 1892.
It is a two storey brick and stucco Italianate trophy home with a cast iron balcony verandah designed by architect W.H. Ellerker. 
Munro named his mansion <a href="https://sites.google.com/site/themunrosofarmadalesutherland/home/donald-munro-1802" target="_blank">Armadale House</a> after the fishing village in the north of Sutherland, Scotland where his family migrated from. The suburb takes its named from the house. 
Munro, the son of the Prahran pound keeper, started his career as the owner of a small grocery business in nearby Prahran.  
It was said when he first lived in Armadale, he was the owner of 72 acres which were free of encumbrance. 
In his days of wealth, the teetotaller donated the land for the Armadale Bowling Green on the express condition that no intoxicating liquor should be served in the club room. 
The larger of the two sites on the Kooyong Road battle-axe measures 4,300 square metres and includes Armadale House. The smaller site, on Munro Street, measures 1,728 square metres. 
Armadale House last sold for $290,000 in 1977.
The Melbourne Bible Institute owned the property in the 1950s.
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King David School sells land boomer's Armadale House

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A five-level, 400-square-metre Richmond warehouse - once used as malthouse silo - fetched $2,511,000 after its weekend Biggin and Scott auction.
The three-bedroom apartment had attracted just the one bid of $2.22 million when 2/24 Abinger Street (pictured above) went to auction.
The property in the Richmond Hill pocket has an indoor salt-water heated pool, beneath a retractable roof.
The sale was among the weekend clearance rate of 70%, up compared to 66% last weekend and 68% this weekend last year, according to the REIV.
There were 1,266 auctions reported to the REIV this weekend, with 881 selling.
The inner Melbourne region has had the highest clearance rate so far this year, at 73%.
The busiest auction suburbs so far this year are Reservoir, Richmond, South Yarra and St Kilda - with over 450 auctions held in each.
Melbourne has recorded an unprecedented five Saturday’s in a row.
Richmond was the most popular auction suburb with 24 offerings, along with Mount Waverley.
The REIV listed 11 sales among its <a href="/news">13 Richmond results</a>. The Abinger Street offering was the top apartment sale.
Top 5 Houses
<ul>
<li>133 Canterbury Rd MIDDLE PARK $3,740,000</li>
<li>378 Beach Rd BEAUMARIS $3,700,000</li>
<li>80 Kooyongkoot Rd HAWTHORN $3,085,000</li>
<li>3 Mclachlan St NORTHCOTE $2,782,000</li>
<li>352 Montague St ALBERT PARK $2,710,000</li>
</ul>
Top 5 Bargain Houses
<ul>
<li>166A Widford St BROADMEADOWS $242,500</li>
<li>13 Langibanool Av HAMLYN HEIGHTS $251,000</li>
<li>5 Redpath Cl EPPING $295,000</li>
<li>25 Newgrove Rd HEALESVILLE $300,000</li>
<li>96 Laura Av BELMONT $311,000</li>
</ul>
Top 5 Flats/Apartments
<ul>
<li>24 Abinger St RICHMOND $2,511,000</li>
<li>Penthouse/212A Kooyong Rd TOORAK $2,160,000</li>
<li>1-4/424 Gaffney St PASCOE VALE $1,480,000</li>
<li>3/5 Moorakyne Av MALVERN $1,470,000</li>
<li>3 Princes Pl PORT MELBOURNE $1,450,000</li>
</ul>
Top 5 Bargain Flats/Apartments
<ul>
<li>111/44 Barkly St ST KILDA $185,000</li>
<li>9/150 Brunswick Rd BRUNSWICK $227,500</li>
<li>4/28 Hopetoun St MOONEE PONDS $232,000</li>
<li>8/149 Melrose Dr TULLAMARINE $235,000</li>
<li>10/23 Robe St ST KILDA $271,000</li>
</ul>
Source: REIV. 
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Inner city Richmond highlights Melbourne auction resilience

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Graham Arthur, the footballer who captained Hawthorn to its first premiership in 1961, knocked back $980,000 when his Balwyn North property went to weekend auction.
But it sold straight after for $1.1 million.
Graham Arthur's four-bedroom house is at <a href="https://www.realestateview.com.au/Real-Estate/41-helston-street-balwyn-north/Property-Details-sold-residential-7900404">41 Helston Street</a> (pictured above).
The house, which is in the Balwyn High School zone, was offered through Fletchers agents Jason Salan and Daniel Rasile. 
They had initially hoped for more than $1.2 million for the elevated brick house which had an updated kitchen and bathroom.
It last traded in 1987 for $146,000.
Domain Group APM reported Melbourne's weekend clearance rate sat at an initial 70.1%.
<div>"The Melbourne weekend auction market reported an improved clearance rate at the weekend despite hosting the highest number of auctions ever conducted on a December summer Saturday," the Domain Group's senior economist Andrew Wilson said.</div>
The Melbourne result was a modest improvement on the previous two weekends when rates fell below 70% on consecutive weekends for the first time since July 2013.
The 1,456 homes listed for auction was close to the all-time Saturday record of 1,558 set on the pre-Melbourne Cup holiday weekend of 25 October this year.
"Melbourne has now hosted over 1,000 auctions each Saturday over the past four weekends for the first time in its history with buyers increasingly spoiled for choice," said Wilson.
"And next weekend the market will end the year with a bang with another big day of auctions with over 1,300 homes set to go under the hammer.
<div>
"The pre-Xmas Saturday on 20 December may even host up to 500 auctions as the last chance for a result for sellers in 2014."
</div>
Melbourne’s four-weekend average clearance rate remains below 70% and at 69.1% is well down on the previous four weekend average result of 75.9%.
Melbourne’s north east suburban region reported the best result at the weekend with an auction clearance rate of 76.7%. The outer east was the next highest at 74% followed by the inner south 72.2% with the highest sales at 135, the inner city 70.3%, the inner east 69.9%, the west 66.1%, the north 65.8% and the south east with a clearance rate of 60.0%. 
 
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Modest clearance rate improvement as Hawks captain Graham Arthur's Balwyn North home sells post-auction

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There are 1,432 homes going under the hammer across Melbourne this weekend, according to Australian Property Monitors (APM).
It ranks as the highest ever conducted on a December Saturday.
It also ranks as the second highest number of weekend auctions conducted this year 
APM noted there were 1,325 properties listed for auction last weekend, the last Saturday of spring. There were the 1,341 at the same time last year.
The inner city will have the most auctions this weekend with 236 closely followed by the inner south with 233, the west with 207, the outer east with 196, the inner east with 188, the north-east with 183, the north with 102 and the south-east with 84.
The most popular suburbs for auction listings this weekend in metro Melbourne are Richmond and Mount Waverley each with 24 followed by St Kilda with 22, Glen Waverley and Port Melbourne each with 21 and Reservoir, Brighton East and South Yarra with 18 auctions this weekend.
The weekend auction market reported another subdued clearance rate at the weekend with clear indications emerging of a sustained fall in buyer activity over late spring.
The weekend's preliminary result of 67.2% was almost identical to last weekend's year-low result of 67.1%.
APM's Andrew Wilson said the four-weekend average clearance rate had now fallen to 69.5% is well down on the previous four weekend average result of 76.4%. 
Melbourne has now recorded consecutive clearance rates below 70% for the first time since July 2013.
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Record December Saturday offerings for deteriorating Melbourne auction scene

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Docklands has historically outperformed the Melbourne CBD for property sale price growth, according to a report by Urbis.
With a median sale price growth of 19.2% between June 2009 and June 2014, it sat higher than the 10.9% recorded for the Melbourne CBD over the same period.
Docklands also recorded a higher median sale price, at $600,000 compared to $400,000 for the Melbourne CBD as at the June 2014 quarter.
<img src="/images/2014/12/01/docklands-dec-1-one.jpg" width="756" height="828">
"Ultimately, the sale price growth within Docklands has been supported by the scarcity of inner city waterfront sites with close proximity to the Melbourne CBD," the report noted.
The location also attracts a rental premium for investors with apartments within Docklands achieving between 12.5% (two bedroom product) and 23.2% (three bedroom product) over the Inner Melbourne Catchment at March 2014.
<img src="/images/2014/12/01/docklands-dec-1-two.jpg" alt="">
The residents of Docklands registered a median personal income that was 79% higher than the median personal income registered within Greater Melbourne, acccording to the Census 2011 data.
Melbourne's Docklands has a higher proportion of residents in the top tier income bracket, with 20.5% earning over $2,000 per week, compared to only 9.4% across Greater Melbourne.
This strong income profile can be credited to a high proportion of young professional residents in Docklands, with high levels of spending power and disposable income. 
<img src="/images/2014/12/01/docklands-dec-1-three.jpg" alt="">
The Docklands-Southbank Statistical Local Area is forecast to increase by over 25,398 new residents between now and 2031.
This is in line with historic growth and equates to over 1,209 new residents per annum over the period, indicating a requirement for approximately 637 dwellings per annum and increasing residential density, according to an Urbis Study.
This projected population growth highlights the long-term potential for additional dwellings within Melbourne’s inner city. 
<img src="/images/2014/12/01/docklands-dec-1-four.jpg" alt="">
Between 2006 and 2011, the Docklands-Southbank Statistical Local Area (SLA) registered an increase of around 726 new residents per annum. 
Australian Bureau of Statistics Census 2011 data indicates that the largest demographic residing within the suburb of Docklands is the 25 to 29 age group, at 18.3% of the population. 
The proximity of this catchment to CBD employment and activity are key drivers for a young professional demographic, with a desire to embrace inner city living and low maintenance dwellings, particulary in key locations such as Docklands. 
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Docklands achieving higher apartment prices and rentals than Melbourne CBD

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The Council of Small Business of Australia (COSBOA), Small Business Minister Bruce Billson and the Real Estate Institute of Victoria are embroiled in a dispute ahead of this weekend’s Victorian election.
The dispute started after Victoria’s real estate industry body slammed a Liberal election commitment to end underquoting as “unnecessary” and an “election stunt”.
In a statement released last week, COSBOA executive director Peter Strong backed the REIV, claiming the state government had "made a mistake by supporting the biggest landlords in Australia against the interests of small businesses and consumers".
The REIV then released advertisements accusing Victorian Premier Denis Napthine of jeopardising 60,000 jobs.
“The Liberals’ new real estate laws hurt small business and cost jobs,” the poster states.
“On November 29 vote them out.”
The poster includes the REIV, COSBOA and Real Estate Institute of Australia logo.
<img src="https://www.smartcompany.com.au/images/REIV%20poster.JPG" alt="">
But COSBOA claims it never authorised the use of its logo despite Strong’s statement supporting the REIV’s campaign.
Billson, whose federal electorate of Dunkley includes the marginal state seat of Frankston, says he stepped in after seeing the advertisement.
“I was flabbergasted by the tone and blatantly partisan nature of the ad which had COSBOA’s logo attached to it, an organisation which has long held the view that it is apolitical and focuses on policy and doesn’t get into the blatant politicking displayed in the ad,” he said.
Billson contacted COSBOA’s then chairman, Robert Mallett, who he was surprised to learn “knew nothing of it” and claimed the use of COSBOA’s logo was “without any authorisation”.
“They were horrified and thought it was done in a quite underhanded way and risked extraordinary reputational damage for COSBOA,” he says.
“I feel sorry for the chair and the board of COSBOA; this is a controversy not of their making. I don’t know what led the REIV to think this was an appropriate way to push its singular issue when the small business interests of Victorian enterprise is a much broader discussion.” 
The fallout at <a href="https://www.smartcompany.com.au/finance/44777-cosboa-names-new-chair-and-deputy-chair-gwa-group-sells-dux-hot-water-for-46-million-midday-roundup" target="_blank">COSBOA has been immediate</a> with Mallett departing yesterday and Paul Nielsen appointed as chairman in his place.
COSBOA’s deputy chair, Amanda Lynch, who is chief executive of the REIA, was also replaced by Teresa Mitchell.
Nielsen issued a statement claiming the use of the COSBOA logo in the advertisements was placed unbeknown to COSBOA and without the authority of the COSBOA board.
“Any inference that these advertisements reflect the policy position of COSBOA is expressly denied,” Nielsen said.
Strong said despite his statement supporting the REIV he did not agree to the use of COSBOA’s logo on the posters.
“I would never try to tell people who to vote for,” he says.
Paul Bird, spokesperson for the REIV, says COSBOA’s claim it did not authorise the use of its logo is “an interesting approach”.
Bird says the REIV may comment further but at the time of publication no further response was available.  
SmartCompany also contacted the REIA but did not receive a response.
This article first appeared on <a href="https://www.smartcompany.com.au/" target="_blank">SmartCompany</a>.
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Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

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Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

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