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]

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
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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

Australia Post is one of the country’s most trusted institutions, powering one of the largest delivery networks in Australia. As online shopping continues to scale, Australians spent a record $82.6 billion online in 2025, with nearly one in four retail dollars now spent online.

That scale of eCommerce activity has fundamentally changed expectations around how and when parcels arrive, and what happens when someone isn't home.

<h3>Problem solved with Parcel Lockers</h3>

The traditional alternatives to home delivery are far from ideal. Buildings can rely on reception teams to manage deliveries, which introduces ongoing staffing costs and liability concerns. Parcels can be left in common areas, which creates security and aesthetic issues. Or residents are redirected to nearby Post Offices for collection, which shifts the inconvenience rather than solving it.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/dVG5ChLHf7E?si=D9hQRGCBuzlSQBqK" title="YouTube video player" width="560"></iframe>

The data behind that frustration is significant. Nationally, around 9 per cent of deliveries are carded, meaning the recipient was not home and must collect the parcel from a Post Office. That figure reflects the national average reported between November 2025 and January 2026. In Melbourne, that figure rises to 20 per cent. In high-density living, it climbs again to 28 per cent. In other words, more than one in four deliveries in Melbourne apartment buildings results in a failed first attempt.

<h3>How Parcel Lockers work</h3>

The mechanics are simple. When a parcel arrives, the resident receives a notification either through the Australia Post app or via SMS. They scan a QR code, use their one-time PIN and the compartment opens. The parcel is secure, accessible and removed from the lobby floor.

Located in thoughtfully chosen, easily accessible areas, including external building interfaces, mixed-use precincts or shared communal zones, Parcel Lockers enhance convenience without requiring internal building access or additional operational oversight.

<h3>The scale of the network</h3>

This expansion represents Australia Post's largest investment in parcel infrastructure to date, building on momentum that began in 2011 when the first 24 Parcel Locker sites were introduced.

Today the Australia Post Parcel Locker network spans over 1,400 locations and more than 105,000 individual compartments, with major investment already underway to significantly expand the network further.

<h3>What it means for developers and building operators</h3>

A Parcel Locker bank is free to install and free for residents to use. That removes one of the primary barriers to adoption and shifts the conversation from cost to integration.

Australia Post's preference is to engage with developers during the design phase. That allows Parcel Lockers to be located in a considered, publicly accessible space that works for residents and the broader community. Retrofit is possible, and existing buildings can be assessed, but the strongest results occur when Parcel Lockers are treated as part of the core services plan rather than a bolt-on solution.

While the iconic Australia Post red is widely recognised, Parcel Lockers can also be delivered in more muted palettes such as beige or green to align with architectural intent.

For developers, they offer a tech-forward amenity that meets modern expectations, a reduction in courier congestion and building-management load supporting lower emissions and better ESG outcomes, and a meaningful marketability advantage in high-density, eCommerce-active areas, all at no cost for installation and maintenance, with Australia Post funding the program aside from power access.

<h3>Who's using them</h3>

Generational shopping behaviours show strong, sustained growth across all cohorts. Millennials (27–43) led online spend in 2024, contributing nearly $25 billion. Baby Boomers (60–78) increased their online spend by 17.6 per cent, becoming the fastest-growing adopters. Gen Z (13–26) and Gen X (44–59) continue to lean on delivery services as part of their everyday shopping habits.

Internationally, uptake is even more pronounced. Overseas markets are seeing rapid adoption by both developers and consumers, positioning Parcel Lockers as standard infrastructure in many new residential projects. For Melbourne's development community, this signals a shift in baseline expectations. Just as secure bike storage and dedicated parcel rooms have become more common, integrated Parcel Locker networks may soon be viewed as part of the essential service mix.

<h3>The bigger picture</h3>

Parcel Lockers aren't just a logistics fix. Developers invest heavily in lobby design, materials, lighting and landscaping to shape first impressions. Yet a stack of unattended parcels can undo that effort in an instant. Embedding parcel infrastructure early allows projects to respond to how people actually live today, supporting resident satisfaction, reducing operational strain and aligning with broader community and ESG outcomes.

As Belinda Quinn, Senior Transaction Manager – Retail &amp; Out of Home at Australia Post, puts it, residents increasingly expect delivery solutions that align with real life, are flexible, secure and available whenever they need them.

How Australia Post is solving the parcel problem for apartment living

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{yoogallery src=[images/stories/september21pettit]}
Ken Woolley's latest Modernist Pettit + Sevitt project home, built recently with 21st Century thinking, was withdrawn from its weekend auction.
Initially listed in 2011 with $1.18 million plus hopes, it was most recently marketed, and remains with revised $850,000 plus expectations.
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house-kellyville-nsw-2155/152446">The five-bedroom, two-bathroom Lowline house project</a> by the veteran architect was built in the Sydney hills district suburb of Kellyville at the request of Val Sevitt, the widow of company co-founder Ron Sevitt.

<a target="_blank" href="https://www.pettitandsevitt.com.au/">It is three decades after the original building company closed its doors</a>. The original 1960s house design (pictured below) has been updated to meet modern building requirements.
<img height="273" width="400" src="/images/stories/2013/05/pettitandsevittmay1one.jpg" alt="pettitandsevittmay1one">
Pettit + Sevitt relaunched in 2009 under the directorship of Ron Sevitt’s widow, Val Sevitt, and her children, Colin Sevitt and Carol Perry.

At one stage Pettit + Sevitt was building 400 of Lowline houses a year with about 3,500 built in the 1960s and '70s.

McGrath agent Mark Vinogradov has the listing on 26 Country Club Circuit.
Image courtesy of the Powerhouse Museum.
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Lowline Pettit + Sevitt Kellyville 21st Century prototype home proves difficult to sell

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The Perth-based Satterley Property Group has reportedly secured a 125-hectare Point Cook West residential development site west?of Melbourne.
The sale of three crown allotments has yet to be formally announced by the Napthine government but the selling agent Frank Nagle, of Biggin &amp; Scott, told the Australian Financial Review that it had been a “well-contested tender”.
The Australian Government Future Fund was the reported underbidder with Mirvac, Cedar Woods Properties and Villawood ­Properties also involved in the ­tender for the probable 2000 lot development bounded by Hacketts Road, Sneydes Road and the Princes Freeway.
Andrew Egan, director of selling agency Biggin Scott Land, had previously advised the site was being offered in three parts, each between 39 and 43 hectares.
Satterley’s proposed development will create a new master planned suburb with a projected propulation of more than 5000 people on Melbourne’s outskirts.
Satterley is ­one of the biggest private property development companies in Australia.
The Perth-based company’s last acquistion in Victoria was in 2010 when Satterley paid $79?million for the Kodak factory site in Coburg Hill, in Melbourne’s inner north.
Its an adjunct to Werribee East, a $10 billion employment precinct - dubbed the capital of the new west.
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Satterley expands its Victorian landbank with Point Cook acquisition

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Lend Lease’s Darling Quarter and Commonwealth Bank Place development in Sydney took out four awards on its way to claiming the top gong at the 2013 Property Council of Australia/Rider Levett Bucknall Innovation and Excellence Awards.
Commonwealth Bank Place, in the $500 million Darling Quarter precinct, is the largest commercial office development in Sydney’s CBD.
<img height="269" width="470" src="/images/stories/2013/05/darlingquartermay20one.jpg" alt="darlingquartermay20one">
It's a 1.5-hectare development featuring a family playground, retail terrace, children’s theatre and community green.
<img height="527" width="400" src="/images/stories/2013/05/darlingquartermay20two.jpg" alt="darlingquartermay20two">
PCA chief executive Peter Verwer praised Commonwealth Bank Place as an outstanding showcase for social, environmental and economic sustainability.
"Lend Lease has transformed an under-used part of the CBD into a dynamic destination for the community to enjoy, while also providing a world-leading office environment for 6,500 CBA employees," he said.
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Darling Quarter project claims PCA development of the year title

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Granny flats are becoming more and more popular in Australian backyards with clever investors tapping into an income stream which, in the right circumstances, can offer financial freedom.  
When planning a renovation to add value, most Australians will invest in a nice big deck, balconies or a swimming pool. Home owners and investors often overlook the humble granny flat as a means of gaining a real return in the backyard of their primary residence or in their investment property.  
The often overlooked granny flat can be a very lucrative option for both rental yield and overall property value for those who own an existing property with the necessary lot size of 450m2.  
Laws have changed in NSW, making it easier to gain approval to build a granny flat. Granny flats come under the NSW government affordable housing scheme, meaning many existing regulations that often act as a disincentive to build do not apply.  Now minimum rules and planning laws are applicable for granny flats up to 60m2.  
There have also been some recent changes to legislation that make the granny flat a more viable investment. Home owners and investors can now lease their granny flats to a non-dependent. Prior to these changes it was only a dependent relative that could occupy this space.  
The regulations of granny flats varies from state to state and council to council, but the general regulations dictate that there can only be one flat per house on the property and the living space of the flat cannot exceed 60m2 in NSW, Victoria and WA and 70m2 in Queensland.  
There are regulations regarding the height of the flat and distance from the flat to the boundaries of the property; however, these vary and differ so much between councils that you should look into your local council guidelines before making any decisions. Queensland also has regulations for requiring water tanks and only having a certain percentage of the property covered by permanent roofing.  
As an example, in many Sydney suburbs this strategy is really starting to take off.  
A property which recently added a granny flat in addition to the house was able to achieve a consolidated income of $900 per week.  
The standalone house was only able to achieve $500 per week and with the cost to add this secondary dwelling at approximately $100,000, an income of $400 per week for the granny flat represents a return on investment of over 20%.
The granny flat not only poses great benefits as far as rental yield. The value of this asset would have increased due to the yield on the combined property. Now that’s unearthing a gem in your backyard whichever way you look at it.  
A 'what if' scenario should always be completed when considering any investment.  Speak to the experts to see what rules, regulations apply and your local property manager regarding demand for this type of investment.
Robert Projeski is the founder and managing director of <a rel="nofollow" href="https://www.amo.com.au/" target="_blank">Australian Mortgage Options</a>, winner of over 12 industry awards. He is considered a leading property finance expert in Australia.
This article was originally published on Property Observer on May 21, 2013.
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Don't overlook the potential of a granny flat: Robert Projeski

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There's a $545,000 mortgage repayment prize at stake as House Rules airs its first renovation points judging program tonight.
Its the Perth renovation of the newlyweds Jemma Blenkinsop, who runs a spray-tan business and builder, Ben Van Ryt.
They were first-home buyers in late 2011, but with the Perth property market the way it is, they couldn't afford to renovate their 1950s Melville home. 
Its the first featured renovation among the six contestant couples.
Property Observer previously noted the house cost $555,000.
The couple revealed their mortgage size during the first week's programs as $545,000.
The remaining couples have yet to reveal the size of their potential mortgage prize.
{yoogallery src=[images/stories/2013/05/may10houserules]}
The Channel 7 series prize is the payment of the winning couple's entire mortgage.
House Rules premiered last week competing for audience against the Channel 9 perennial, The Block.
The Block Sky High's first room reveal last night rated a 1.524 million audience, the top non-news and current affairs ratings for Sunday night.
The new state-versus-state renovation series, from the makers of My Kitchen Rules, aims to deliver true home renovations.
The contestant couples have put their entire home on the line promising an emotional return to their new homes after the seven-day renovation.
The teams have to work independently on their own zone within each house but they also have to work as a team to ensure each room complements the other when it's completed.
The six teams competing are: <a href="https://au.tv.yahoo.com/house-rules/teams/article/-/16802165/michelle-steve-nsw/" rel="nofollow"></a>
<a href="https://au.tv.yahoo.com/house-rules/teams/article/-/16802165/michelle-steve-nsw/" target="_blank" rel="nofollow">Michelle &amp; Steve</a> (Collaroy Plateau, New South Wales) <a href="https://au.tv.yahoo.com/house-rules/teams/article/-/16802279/nick-chris-vic/" rel="nofollow"></a>
<a href="https://au.tv.yahoo.com/house-rules/teams/article/-/16802347/amy-sean-qld/" target="_blank" rel="nofollow" style="font-size: 14px; text-align: left;">Amy &amp; Sean</a>(Queensland)
<a href="https://au.tv.yahoo.com/house-rules/teams/article/-/16802523/carly-leighton-sa/" target="_blank" rel="nofollow">Carly &amp; Leighton</a> (Warradale, South Australia) <a href="https://au.tv.yahoo.com/house-rules/teams/article/-/16802965/jemma-ben-wa/" rel="nofollow"></a>
<a href="https://au.tv.yahoo.com/house-rules/teams/article/-/16802965/jemma-ben-wa/" target="_blank" rel="nofollow">Jemma &amp; Ben</a> (Melville, Western Australia)
<a href="https://au.tv.yahoo.com/house-rules/teams/article/-/16803037/jane-plinio-tas/" target="_blank" rel="nofollow">Jane &amp; Plinio</a> (New Town, Tasmania)
<a href="https://au.tv.yahoo.com/house-rules/teams/article/-/16802279/nick-chris-vic/" target="_blank" rel="nofollow">Nick and Chris</a> (Northern Suburbs, Victoria)
Each of the House Rules teams hand over the keys to their homes and allow their competitors free reign to transform their house, so the host Johanna Griggs expects lots of passion and pride in the way teams tackle the renovations.
"It's a bunch of likeable Australians with amazing back stories," Griggs said.
Apparently the teams have longed to be able to renovate, but not been able to accomplish it until now because of large mortgages.
The Tasmanian couple paid $355,000 in 2010 for a house initially listed at $380,000-plus.
The so-called Sydney battlers Steve and Michelle Ball who live at Collaroy Plateau on the northern beaches paid $650,000 for their house in March 2012. 
The South Australian couple paid $450,000 for the house which had been listed with $485,000 hopes in May 2012.
Johanna Griggs, the presenter of Better Homes and Gardens, is herself a keen home renovator, currently building her fourth home with husband, builder Todd Huggins.
“I’ve been in this industry for 20 years now and this is the first time I’ve had a go at this style of show.
"Because we are dealing with people’s own homes, I’m expecting the stakes to be high, the competition to be tough and the results incredible.
Chester Drife is the House Rules building supervisor.
House Rules airs Monday, Tuesday, Wednesday and Thursday at 7.30 pm on Seven.
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House Rules judging with $545,000 Perth mortgage repayment reward possibility on the line

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The Garden House in Melbourne has beaten 11 other finalists to claim the best residential development award at the 2013 Property Council of Australia/Rider Levett Bucknall Innovation and Excellence Awards.
The Garden House (pictured below) comprises 46 luxury apartments and three terraces with views of the Royal Exhibition Building and Carlton Gardens.
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Designed by Woods Bagot and developed by Piccolo Developments, the judges noted its innovative design overcame a number of challenges - including the imposition of a heritage overlay which restricted the height of the development.
PCA chief executive Peter Verwer said the development set a new benchmark for inner-city living.
"With light-filled, luxurious spaces, and parklands and the city on its doorstep, Piccolo has demonstrated that downsizing can mean more amenity, not less," he said.
Its award follows other awards including the prestigious President’s Award at the Urban Development Institute of Australia’s National Awards and the Victorian chapter of the UDIA’s Medium-Density Development Award.
The collaboration between Piccolo Developments, architect Woods Bagot and interior designer Hecker Guthrie produced a $50 million, 49-residence project that sold out within two weeks of its launch late 2011 for between $500,000 and $5 million per unit.
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Residential design credit for The Garden House in Melbourne at PCA awards

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There was a “spectacular” recovering in home loan approvals to fund new home purchases, including apartments bought off-the-plan in March, says Westpac, quoting ABS figures.
Apart from noting that the upswing in housing finance approvals “clicked back into gear in March” Westpac noted a “spectacular 21% jump in approvals for the purchase of newly built dwellings”.
“With approvals for construction up 4.7% the combined gain in 'construction related' finance approvals is showing a strong upturn with a 10% rise in the March month the strongest reading since early 2009 and up 21% for the year,” said the Westpac economics team, led by Bill Evans.
Westpac also noted that when re-financing is stripped out of mortgage approvals to owner occupiers, the number of 'new' loans posted an even stronger 7.2% gain to be up 13.8% for the year. “The rest of the detail showed a more modest gain for approvals to first-home buyers - we estimate up 4% for the month in seasonally adjusted terms but coming from a record historical low.
“The value of loans to investors was also more sluggish, rising 2.1% for the month suggesting the March strength was dominated by 'upgraders',” said Westpac Economics.
Master Builders Australia chief economist was less exuberant in his response to the March figures, saying they were a “welcome improvement” and “good news for an industry going through the tenuous signs of recovery”.
“Residential building is at a ow ebb and the industry hopes that Reserve Bank’s decision to cut interest rates in again May will give new home buyers the boost in confidence to enter the market.
“The solid improvement in March comes off the back of a positive housing finance figure in February but the industry is not ready to count its chickens before they hatch.
“There needs to be a much longer run of positive figures to confirm a recovery. However, builders may be relieved to see these figures, which suggest that new housing activity may have finally found a trough,” he said.
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Mortgages approvals for new homes up a “spectacular” 21% in March: Westpac

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With its New York marble a striking feature, a kitchen in the Canberra suburb of O'Malley - designed by Creative Building Services, Archertec Interiors and OFM Direct has won the national HIA 2013 kitchen of the year.
It also won the best kitchen last year in the $25,000-plus category, along with the best Canberra home over $1 million in the 2012 ACT Master Builders and Boral Excellence in Building Awards.
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It sits on a 2200-square-metre steep site with northern views over Canberra.
<img width="470" height="269" src="/images/stories/2013/05/hiakitchenmay10one.jpg" alt="hiakitchenmay10one">
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What the judges said:
The materials in this kitchen were carefully selected to work in with each other, with outstanding results. The visual impact extends to the ceiling with the timber bulkhead above the island bench. The bulkhead is perfectly installed and cleverly contains the rangehood ducting and strip lighting.
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The 2013 HIA Australian Kitchen award, partnered by The Laminex Group, recognises quality workmanship in the manufacture and installation of a single residential kitchen.
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The 2013 Australian kitchen of the year finalists were:
Nadin-West Joinery, Hunter
Attard’s Kitchens &amp; Cabinetry Pty Ltd, New South Wales
Artizan Cabinets, North Queensland
All Craft Cabinet Works, Northern Territory
Sublime Architectural Interiors, Queensland
JAG Kitchens, South Australia
KAM Joinery, Tasmania
Individual Design &amp; Construction, Victoria
International Cabinets, Western Australia
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O'Malley, Canberra home wins HIA 2013 kitchen of the year

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CBRE has launched its 2013 urban photography competition, inviting entries for images depicting cities at work.
The competition was established in 2007 and last year it attracted 8000 entries from 115 countries.
The competition is open to amateur and professional photographers looking to capture “the essence of urban life at any time of day, be it poignant, inspiring, quirky or amusing”.
Entrants stand to win a luxury photo safari from a range of exotic locations as well as other smaller prizes.
Last year, UK photographer Fraser Perrie won the competition with an image of cobblers beneath the streets of New York.  Australian Graeme Edwards was runner-up with an image taken in Melbourne.
“We are very proud that an entry from Australia came in second place last year, let’s try and go one better this year,” says Tom Southern, president and chief executive of CBRE Australia.
Categories this year include transport, workplace, architecture, urban regeneration, cityscape and environment.
And photos will represent a certain hour of day in a city with awards for each different hour.
Entries close on August 31 2013.
For more information visit <a target="_blank" href="https://www.cbrephotographer.com/">https://www.cbrephotographer.com/</a>.
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CBRE launches urban photography competition

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Canberra's foundations stemmed from a design competition.
And as part of the celebrations for the Centenary of Canberra in 2013, the University of Canberra and the Gallery of Australian Design invited designers to participate in a design ideas competition for a possible new official residence for the Prime Minister of Australia which they envisage as on the shores of Lake Burley Griffin in Canberra.
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The competition has the endorsement of the Australian Institute of Architects and the Australian Institute of Landscape Architects.
The first prize is $80,000 with second and third prizes of $20,000 and $10,000 with the jury chaired by Professor Lyndon Anderson, dean of the Faculty of Arts and Design at the University of Canberra.
The competition entrants are being looked at by the jury at a local Canberra high school hall (pictured above).
There have been 238 entries - many of which are pictured below surrounding competition adviser Annabelle Pegrum - in the competition, which is titled Lodge by the Lake Design.
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Of course there are no actual intentions to replace the exisiting Adelaide Avenue landmark residence, known as The Lodge.
The competition is not connected to any agency of the Australian Government or to any Australian political party.
The official residence of the Prime Minister of Australia - The Lodge at 5 Adelaide Avenue, Deakin, ACT - has been the Canberra home of 16 of Australia’s 27 Prime Ministers and their families.
The building and grounds have important cultural and heritage significance.
Prime Minister Stanley Melbourne Bruce (pictured below) moved from <a target="_blank" href="https://www.propertyobserver.com.au/victoria/stanley-melbourne-bruce-s-former-frankston-home-sells-in-mortgagee-sale/2013051061231?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=news">Frankston</a> into the Lodge with his wife Ethel on 4 May 1927, five days before the first sitting of the Federal Parliament at Canberra.
<img height="239" width="470" src="/images/stories/2013/05/stanleymelbournebrucemay10one.jpg" alt="stanleymelbournebrucemay10one">
The Lodge has been altered and extended from time to time to accommodate Prime Ministers and their families and to address functional and security needs.
The competition guidelines fancifully suggested a new Lodge was needed to match the opportunities of the future, but Prime Ministers have been historically reluctant to spend the money required to purchase and build elsewhere such as at Attunga Point, on the southern foreshore of Lake Burley Griffin.
Some conestants thought the competition ought have stuck with expanding the existing Lodge facilities into Lodge Park. Or made its location Collins Park in Tasmania Circle in Red Hill or the grounds of Government House in Yarralumla.
Property Observer will report the winners of the design competition upon their announcement.
Images of design competition courtesy of Michelle McAulay, University of Canberra.
Image of Prime Minister Stanley Melbourne Bruce and his wife Ethel at The Lodge, Canberra, February 1928, courtesy National Archives of Australia. 
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