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

Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

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

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

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

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

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

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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

Prominent New Zealand apartment and hotel operator, <a href="/developers/safari-group">Safari Group</a>, is offering up a prime investment opportunity for Australians to purchase off the plan in one of the world’s most popular ski destinations.

They recently took to market Mountain Oak Queenstown Apartments, in the growing precinct of Remarkables Park in Frankton, near the airport and at the foot of The Remarkables - the mountain range the locals like to call “The Remarks”.&nbsp;

Sydney investors have shown interest in the one, two and three-bedroom apartments that secure high-season occupancy six months over the year, primarily over summer and winter months.

They average 90 per cent occupancy across their portfolio over January, February, March, August, November and December, while shoulder season months of April, July, September and October are still occupied 70 per cent of the time, with the growing appeal of Queenstown becoming not just a hotspot for the snow, but a lifestyle destination.

Even in the low seasons of May and June, occupancy levels reach around 40 per cent.

<img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Ext_Cam15_Sunny.jpg?VersionId=SJAROUM_1s.Tr5ciMk4EEj5oAt_Vewmv" />

Safari’s Safari Hotels arm can also manage the holiday letting for an investor, from the listing on holiday accommodation websites such as Airbnb and Booking.com to the cleaning and maintenance of the investment. They’ve been in the short stay management business for 15 years and offer 24/7 support for investors, an important convenience benefit for any overseas investor

Another major drawcard for Australians is that New Zealand doesn’t have a stamp duty policy - so the entry price of NZ$639,000 (AU$586,000), is all that is payable on completion.

<img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/313_Livingv2_WEB.jpg?VersionId=nV229fM0ZeYpoxOrX372HyGjfwY_LR8c" />

Safari is starting construction of the 141 apartments in Q2 this year, with a two-year build estimated to complete in mid-to-late 2027.<img alt="" data-entity-type="" data-entity-uuid="" height="15" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXczFpFAb7WuA6f4f9TtKWcqXyNwR8qqtakWv352ERkpqNlP3KwIo8YKxw67jZNHfpjEGIZGv5MQTbnvLZwNt8iu9IVdOrswOjCvBZ4zhSoOOLrpt6etVEZTN1gkBho0r_R72zdHNA?key=yq3daOanqHSb88QFd8jGYKdb" title="Click and drag to move" width="15" />​

The apartments will feature modern amenities and contemporary designs with expansive windows capturing sweeping views of The Remarkables mountain range.&nbsp;

Interiors are equipped with modern finishes, premium appliances, and secure electronic key-locked doors, ensuring a comfortable living experience for residents and guests alike.

With its strategic location near Coronet Peak and Cardrona Alpine Resort, as well as key retail and dining precincts such as Market Street, Five Mile Shopping Centre, and Remarkables Market, Mountain Oak offers a strong proposition for investors seeking high rental yields and capital appreciation in one of New Zealand’s most sought-after locations.&nbsp;

Queenstown’s sustained demand for visitor accommodation and rental properties is underpinned by a shortage of housing options, attracting both local and international buyers.

Safari Group offers low-touch investment proposition in Queenstown’s popular ski fields district

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GUEST OBSERVATION
Many predictions about the “future of retailing” have been made. These range from the supposed dominance of certain technologies, to increased use of data and analytics, the rising need for personalisation and customisation, and the transformation of physical spaces.
The challenge with specific predictions is that these are susceptible to becoming obsolete fast. Future technologies are likely to make the current cutting-edge redundant, and the methods by which customers can customise products are likely to look very different in the future.
However, when you take a step back, some common themes emerge from these predictions, such as convenience, customer experience, business intelligence, and personalisation. It’s these themes that will really shape the future of retail.
Many specific predictions about the use of new technologies, for example, link back to the notion of providing convenience to shoppers, or learning more about customers.
Predictions relating to the rising use of data and analytics are about becoming more intelligent in interactions with customers.
While the specifics of each theme may change, their impact is likely to stay. For example, convenience in the future may relate to payment technologies, store opening hours, or other as yet unknown methods. Whatever the case, the drive for convenience is likely to persist.
While some themes are easily identified, others are less obvious; including fragmentation, flexibility, and transparency.
Fragmentation
At a population level, PWC describes fragmentation as the widening gap between the “haves” and the “have nots” and the impact this has had on consumer behaviour. Similar fragmentation is driving the future of the retail industry in a number of ways.
A common prediction is that retail space (including stores and centres) will become smaller. Yet some retailers are opening new flagship stores and some already large centres have been expanded.
Fragmentation is also occurring at the retail level. Mega-retailers like Amazon and Alibaba are holding strong positions in many markets. At the same time small, niche and independent retailers are gaining exposure through outlets such as Etsy and 100 Squared.
The major question arising from this theme is what will happen to the middle? Already department stores like Myer have struggled to find a place. They lack the range and scope of the largest retailers, but don’t have the independence and flexibility of niche operators.
Flexibility
Flexibility is about retailers adapting to changing trends and consumer demands. This is clearly seen in current trends and future predictions related to personalisation and customisation.
Allowing customers to customise products requires flexibility to adapt product or service offerings. At the same time, more flexibility is expected with physical spaces.
Traditional large store footprints are giving way to small and flexible showrooms. A new format of “super-neighbourhood” shopping centre is expected to focus on flexibility for local communities.
This theme has interesting implications for the future. How can stores and shopping centres be designed and managed to provide flexibility? How will the need for flexibility impact the already challenging relationships between retail tenants and landlords?
Finally, how far can flexibility in product and service design really go? Will retailers of the future be able to let consumers design anything they want with no boundaries?
Transparency
The idea of transparency has gained a lot of attention with discussions about Facebook and Cambridge Analytica. However, a similar theme is impacting retail.
Consumers have unprecedented access to information about stores, brands and products through online channels, mobile devices and consumer-to-consumer sharing.
This challenges retailers to be transparent and honest with product or service offerings, as misrepresentations are easily identified.
How can retailers best manage the need for transparency while still maintaining a competitive advantage? Alternatively, should retailers and shopping centres look to discourage consumer information-gathering? Or can transparency be leveraged to create mutual benefit for consumers and retailers?
What next?
Australian retailers have had a tough time in recent years. Online shopping is growing steadily and major international companies like Costco are also expanding.
This has turned retail into a global competition.
No-one really knows what the future will hold, as confident as some predictions may sound. However, considering the underlying drivers of current trends, as well as future predictions, there are some key factors to consider. The real value comes not from focusing on only one driver, or the latest buzz trend.
It is important to consider how these multiple trends overlap. For example, providing more flexible services might help satisfy the need for greater customer experience, as well as convenience. Alternatively, greater transparency might help cope with the fragmentation of the industry.
<img src="https://counter.theconversation.com/content/100518/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">The challenge for the retail industry is to develop specific strategies for the future based on these driving forces.
Jason Pallant, Lecturer of Marketing, Swinburne University of Technology
This article was originally published on The Conversation. 
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j.ballantyne1990-6AQqhLzZaK

The factors driving the future of retail: Jason Pallant

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The Carr architectural practice has welcomed the completion of the United Places Botanic Gardens Hotel.
Marketed as an "intimate, highly considered hotel experience" the hotel opened recently at 157-159 Domain Road, South Yarra.
Room rates start at $650 per night.
It is the project of hoteliers Darren Rubinstien and Richard Rogers. 
The evelopment was where the former post office and newsagent were located.
With only 12 suites, United Places is marketed as set to become Melbourne's most exclusive hotel.
"The hotel’s exuberance comes from the carefully calibrated floor plans, surface integrity and a superlative level of execution,” noted Stephen Todd, Design Editor, Australian Financial Review.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/7/25/CARR.jpg" alt="">
The property located at 159 Domain Road South Yarra last sold in October of 2010 for $3.175 million.
In 2014 it was reported VCAT had overturned the City Council refusal to grant a planning permit to 157-159 Domain Road.
It's 2012 initial planning application was made to the Melbourne City Council for a permit to demolish the existing building and construct a three-storey building accommodating a ground floor café/shop, first floor tavern and second floor restaurant.
A combined patron capacity of 650 was proposed.
The planning application also sought permission for the reduction of the Planning Scheme’s car parking requirement to zero and a waiver of the Planning Scheme’s loading and unloading requirement.
Its notice of the application saw 352 objections received, and plans substantially amended.
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Carr Architecture completes United Places Botanic Gardens Hotel

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A Dural function centre has been sold through Cushman &amp; Wakefield.
<div class="prop-details-description__content">
<div class="text animate" data-bind="html: descriptionExpandableTextArea.displayText, css: { collapsed: !descriptionExpandableTextArea.isExpanded(), animate: descriptionExpandableTextArea.animate }, element: descriptionExpandableTextArea.textElement, attr: { style: descriptionExpandableTextArea.style }">The 632 Old Northern Road, Dural property (pictured above) was sold at auction for $5.5 million acting under the instructions of the agent of the mortgagee, Ian Purchas of SV partners.</div>
<div class="text animate" data-bind="html: descriptionExpandableTextArea.displayText, css: { collapsed: !descriptionExpandableTextArea.isExpanded(), animate: descriptionExpandableTextArea.animate }, element: descriptionExpandableTextArea.textElement, attr: { style: descriptionExpandableTextArea.style }"> </div>
<div class="text animate" data-bind="html: descriptionExpandableTextArea.displayText, css: { collapsed: !descriptionExpandableTextArea.isExpanded(), animate: descriptionExpandableTextArea.animate }, element: descriptionExpandableTextArea.textElement, attr: { style: descriptionExpandableTextArea.style }">It was last sold in 2016 for the same price of $5.5 million.</div>
<div class="text animate" data-bind="html: descriptionExpandableTextArea.displayText, css: { collapsed: !descriptionExpandableTextArea.isExpanded(), animate: descriptionExpandableTextArea.animate }, element: descriptionExpandableTextArea.textElement, attr: { style: descriptionExpandableTextArea.style }"> </div>
<div class="text animate" data-bind="html: descriptionExpandableTextArea.displayText, css: { collapsed: !descriptionExpandableTextArea.isExpanded(), animate: descriptionExpandableTextArea.animate }, element: descriptionExpandableTextArea.textElement, attr: { style: descriptionExpandableTextArea.style }">The holding currently contains a vacant 5 bedroom house at the rear of the 7551 sqm block. </div>
<div class="text animate" data-bind="html: descriptionExpandableTextArea.displayText, css: { collapsed: !descriptionExpandableTextArea.isExpanded(), animate: descriptionExpandableTextArea.animate }, element: descriptionExpandableTextArea.textElement, attr: { style: descriptionExpandableTextArea.style }"> </div>
<div class="text animate" data-bind="html: descriptionExpandableTextArea.displayText, css: { collapsed: !descriptionExpandableTextArea.isExpanded(), animate: descriptionExpandableTextArea.animate }, element: descriptionExpandableTextArea.textElement, attr: { style: descriptionExpandableTextArea.style }">The block hold two large function rooms and is zoned RU6 Transition.</div>
<div class="text animate" data-bind="html: descriptionExpandableTextArea.displayText, css: { collapsed: !descriptionExpandableTextArea.isExpanded(), animate: descriptionExpandableTextArea.animate }, element: descriptionExpandableTextArea.textElement, attr: { style: descriptionExpandableTextArea.style }"> </div>
<div class="text animate" data-bind="html: descriptionExpandableTextArea.displayText, css: { collapsed: !descriptionExpandableTextArea.isExpanded(), animate: descriptionExpandableTextArea.animate }, element: descriptionExpandableTextArea.textElement, attr: { style: descriptionExpandableTextArea.style }">The property has 47 metres of street frontage.</div>
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Dural function centre sold for $5.5 million

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The Alderley Coles has been listed listed through Colliers International.
James Wilson and Stewart Gilchrist of Colliers are selling the Alderley site with a freestanding market-style Coles supermarket and Liquorland.
Offers close August 29 for the 1.25ha site, which is seven kilometres from the CBD and just 100m from Alderley railway station.
It is fully leased to Coles on a new 15-year net lease, with four 10 year options.
The offering includes a separately titled adjoining 641 sqm parcel.
“With the market starved of blue-chip investment opportunities, Coles Alderley meets every stringent investment criteria,” said James Wilson at Colliers International.
“Coles Alderley offers an absolute premium covenant with strong trading figures, a 15-year net lease with Coles paying all outgoings, a new building with substantial depreciation allowances, and a prime protected inner-city location that features exceptionally high barriers of entry,” he added.
Coles Alderley is the only supermarket in the affluent primary sector, "with an income higher than the Brisbane metro average.”
The supermarket opened in February 2017 after its design by Power Architects.
The full-line Coles supermarket comprises a lettable area of 4,410 square metres including Liquorland and 247 parking spaces.
Freestanding supermarket investments have become one of the tightest and most competitive markets among private investors, both onshore and offshore, with secure income streams and limited management requirements being key attractions, said Stewart Gilchrist, National Director, Retail Investment Services at Colliers International.
“In 2018 there have been only four freestanding supermarket transactions announced along the Eastern Seaboard, including Coles Sippy Downs and Coles Earlwood, demonstrating the rarity of these offerings.
"Campaigns of this calibre typically generate more than 150 enquiries, further highlighting the pent-up demand for high quality metro product such as Coles Alderley.”
The supermarket giant secured the site in 2012 after developers Alderley Square Pty Ltd went into receivership.
It has been using a controversial new policy to discourage people leaving cars in their parking lot when they catch public transport to work by charging customers $77 dollars if they stay in the parking lot a minute more than two hours.
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Coles tenanted Alderley property offering 

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Flinders chocolatiers Milton Laycock and Isilda Caldwell are selling their home and business premises in the Mornington Pensinsula town’s main street.
The <a href="https://www.domain.com.au/45-45b-cook-street-flinders-vic-3929-2014484660" target="_blank">45-45b Cook Street</a>, Flinders holding has a price guide of $3.15 million.
The property includes a commercial kitchen and twin showrooms in the business dwelling and a contemporary three-bedroom, two-bathroom residence at the rear of the block. 
The living spaces include a fireplace and a black and white island kitchen with Miele appliances, and there are decks front and back for outdoor entertaining.
 Domenic Zanellini of Nicholson Real Estate has the listing.
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Flinders chocolatiers list Main Street business premises

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A development site in Queensland's Scarborough, a suburb of the Moreton Bay region, has been listed by mortgagees. 
It is listed for sale through Stephanie Williams at Raine &amp; Horne.
The <a href="https://www.realestate.com.au/property-house-qld-scarborough-126723826" target="_blank">425-429 Scarborough Road, Scarborough</a> site is an 2,024 sqm of prime development site, three separate titles, four lots, 40.4m frontage x 50.3m depth approximately.
It has water in 3 directions, potential views from 3rd level, current DA approved site for 28 units, comprising of two and three bedroom units.   It is well designed floor plans to enhance saleability.
The suburb's median house price sits on <a href="/news">$541,500</a>  according to CoreLogic.
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Scarborough site with DA approval listed by mortgagee

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GUEST OBSERVATION
The disturbing trend of persistently low inflation continues, as Wednesday’s data release shows.
Headline inflation was 2.1% for the last 12 months. But the more relevant “underlying” rate came in at 1.9%. This is even below the 2.0% the RBA forecast in May.
Given that the RBA’s target band for inflation is 2-3%, and that inflation has barely touched the bottom of that band over a protracted period, there are implications for monetary policy.
But, before we get to that, the obvious question to ask is: why is inflation so low?
One strand of thinking involves the “Philips Curve”. This basically says that low unemployment pushes up wages growth and hence inflation.
We could get into a long discussion of whether the current 5.4% unemployment rate is “low”. And whether the effective rate really is 5.4% given anecdotal evidence about “underemployment”, the impact of recent decisions on penalty rates and minimum wage rises, and the robot revolution as a backdrop to the whole labour market.
But we don’t need to go there. There is barely any evidence of the Philips Curve in the data over the past quarter century, so let’s just reject that theory and move on.
Plausible factors keeping a lid on inflation
<ol>
<li>
Technology. The information technology and internet revolution has made lots of things much cheaper. Take music. Gone are the days of paying A$20-plus for a CD with maybe 16 songs on it. Streaming services like Apple Music and Spotify give access to literally millions of songs for a small monthly fee.
</li>
<li>
China. The rise of Chinese manufacturing has led to everything from kids’ toys to cell phones being produced vastly more cheaply than if those things were manufactured with higher-cost labour.
</li>
<li>
Globalisation and trade. The world has become radically more connected, and so have company supply chains. This not only allows access to lower-cost manufacturing but also leads to better specialisation through the principle of comparative advantage. This means that high-labour-cost countries like Australia can specialise in other components of goods and services, get better at producing those components, and reduce overall costs further.
</li>
<li>
Wages. Wage growth has been subdued for a long time now. Since labour costs are an important component of many goods and services, this has served to tame inflation. One potential reason for low wage growth is that automation sits as a background threat to human labour. If labour costs get too high then processes get automated, which serves to keep wages in check.
</li>
<li>
Leverage and consumer spending. A final factor is that given how heavily indebted Australian households are –largely through mortgage debt – they simply don’t have a lot of discretionary income. This limits consumer spending and makes price rises in the retail sector less likely.
</li>
</ol>
These factors don’t look likely to change any time soon – with the possible exception of trade due to the Trump trade war. But even if that escalates dramatically it will shrink economic activity, further depressing prices.
So we have long-run, persistently low inflation. Is that a problem?
The major concern is that it could turn into deflation, although that doesn’t look terribly likely right now.
If, however, there was another significant economic downturn then deflation is a very real prospect. That would raise the spectre of Japan’s experience of the 1990s where deflation caused people to hoard money, severely contracting economic activity.
But for now the real impact of low inflation is on the RBA.
Faced with inflation below its target band for an extended period, the standard response would be to cut interest rates. The RBA is clearly worried about doing this.
One reason is housing prices – the RBA is worried about further fuelling the bubble.
With housing prices easing, this may become less of a concern, although household debt levels remain extremely high. Not encouraging households to become further indebted seems like a reasonable concern.
A second reason the RBA may be nervous about cutting rates is that it doesn’t have very far to go with the cash rate at 1.50%. If there is another major economic downturn then the RBA wants to have some firepower left to respond.
If short-term rates were already near zero then the only tools available to the central bank would be non-standard measures such as quantitative easing. That would be uncharted territory for the RBA, which seems reticent to explore that territory.
So, as with economic growth and wage rises, the RBA response seems to involve crossing as many fingers and toes as possible and to publicly proclaim that things are looking good, but may take a while.
<img src="https://counter.theconversation.com/content/100514/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">We will get a better look into how that strategy is going when wage price index figures are released mid-August.
Richard Holden, Professor of Economics and PLuS Alliance Fellow, UNSW
This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/vital-signs-inflation-misses-again-so-where-does-the-rba-go-next-100514" target="_blank">original article</a>.
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Inflation misses again, so where does the RBA go next?

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The NAB Commercial Property Index fell 4 points to +17 in Q2 but remains 14 points above its long-term average of +3.
State indices declined across the country, except in VIC.
Sector indices for CBD hotels, office and industrial property converged in Q2, but remain much lower for retail.
<img src="https://www.urban.com.au/images/2018/7/25/NAB%20CProp%202.JPG" alt="">
CBD hotels eased despite solid occupancy and a favourable tourism outlook.
Office and industrial indices also fell - even with positive lead indicators in office and online and warehousing demand for industrial.
Retail better (but negative) as subdued retail business conditions and slow wages growth hurt consumer sentiment.
<img src="https://www.urban.com.au/images/2018/7/25/NAB%20CProp%204.JPG" alt="">
Confidence was largely unchanged in VIC and QLD, but slightly weaker in NSW.
SA/NT was the least confident by some margin (and in all sectors), with WA also trailing.
<img src="https://www.urban.com.au/images/2018/7/25/NAB%20CProp%203.JPG" alt="">
Confidence fell most in CBD hotels (from high levels) but is still highest overall.
Industrial also lower and now on par with office after out-performing in Q1.
Office changed very little, with sector benefiting from demand in key states and nascent signs of recovery in under performing states.
Retail improved a little, but is still negative and weakest of all sectors. 
Expectations for capital growth in the next one to two years are strongest for office property at 1.6% &amp; 1.7% (replacing CBD Hotels), with VIC &amp; NSW leading the way.
<img src="https://www.urban.com.au/images/2018/7/25/NAB%20CProp%205.JPG" alt="">
They are weakest for retail (-0.8% &amp; -0.7%), with values tipped to fall or stay flat in all states. 
National office vacancy fell to 8.5% in Q2 (9.0% in Q1) - lowest since Q4’15. Despite small increases in VIC and NSW, they remain the tightest markets for space.
Vacancy also fell further in QLD (lowest level in 4 years) and looks to have stabilised in SA/NT and WA. 
<img src="https://www.urban.com.au/images/2018/7/25/NAB%20CProp%201.JPG" alt="">
Office property also expected to lead way for rental growth in the next-12 years (1.5% &amp; 2.0), followed by industrial (1.2% &amp; 2.1%), with NSW and VIC out-performing in both markets.
In retail, the outlook is for rents to continue falling.
This quarter NAB asked property professionals for their take on the RBA and around two in three property professionals think next RBA move on rates will be up.
Only 4% see a cut and 23% no change while most (53%) believe next move will occur in six-12 months (NAB’s view (up) also sits in six-12 month range but at latter end).
If rates continue rising in medium to longterm, 18% think it will cause property values to fall over 10% and 51% less than 10%. 
Less than one in 10 (9%) property professionals use interest rate hedging to mitigate risk and almost six in 10 (59%) said they did not hedge and did not expect to do so in the future. 
When asked how their view on rates was impacting their hedging decision, 44% said they did not intend to change their position.
But 36% planned to increase the amount of hedging and 11% would increase the length of interest rate hedging. 
Despite a cooling housing market, a survey high 65% of developers starting new projects are still targeting residential development. 
The recent improvement in accessing funds has reversed in Q2.
In net terms, -29% said it was harder to obtain loans (-21% in Q1) and -16% equity (-14% in Q1).
More property professionals now also expect funding conditions to worsen in next six-12 months.
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NAB quarterly commercial property survey shows confidence still strong but declining

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The Whitsunday Islands will see IHG take over management of Hayman Island, rebranding it as Hayman Island, by InterContinental.
Hayman Island, by InterContinental will be an oasis at the northernmost point in the Whitsunday Islands.
It opens in 2019, following significant investment to refurbish the product. 
The 166-room hotel is on the 400-hectare island where Mulpha Australia Limited will offer a bespoke collection of homes for sale to those who want to own a piece of heaven on Hayman Island. 
Malaysia’s Mulpha Group told The Australian last month it was spending more than $100 million redeveloping its cyclone-ravaged Hayman Island, one of the poshest resorts.
Mulpha plans to redevelop the 400ha island as one of the most luxurious lifestyle resorts in Australia, introducing an exclusive private beach house, a range of new penthouse suites and four ­exclusive townhouse-style private residences for sale or rent.
Hayman Island’s houses have been designed by award-winning, Singapore-based architect Kerry Hill and fitted out by ­­Blainey North.
Mulpha can ­develop 21 houses on Hayman ­Island, and has completed four with butler’s pantries, private pools, four bedrooms and four ensuite bathrooms priced at about $10 million each.
The houses, to be completed next March, are about two minutes’ on a golf buggy from the resort.
The landmark agreement with Mulpha Australia Limited also sees IHG continue with a long-term agreement to manage both InterContinental Sydney and InterContinental Sanctuary Cove Resort. 
InterContinental Sanctuary Cove was the first InterContinental Resort to open in Australia.
Under the new agreement, InterContinental Sanctuary Cove will enjoy a refurbishment that will see it continue its legacy as one of Queensland’s most prestigious hotels.
IHG currently has 47 hotels operating under four brands across Australasia: InterContinental, Crowne Plaza, Holiday Inn and Holiday Inn Express with a further 19 in the pipeline including Hotel Indigo and EVEN Hotels.
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Mulpha Australia to offer homes for sale on Hayman Island as InterContinental arrives

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Sydney’s "cult" chicken and burger eatery Chargrill Charlie’s has chosen Camberwell for its Melbourne debut.
Fitzroys' agent Chris James negotiated the long-term 10-year lease for <a href="https://www.realcommercial.com.au/property-retail-vic-camberwell-502644570" target="_blank">10 Prospect Hill Road</a> (pictured above) at $228,000 per annum net.
The building has a 365 sqm ground floor area and sizeable 58 metres of frontage, positioned near Woolworths, Target and Aldi.
Chargrill Charlie’s has operated for nearly 30 years and has 10 locations across Sydney including Woollahra, Mosman and Rose Bay.
James said the long-term lease secured for the prime Camberwell retail space shows the confidence in the area’s revitalisation held by experienced and established operators, spurred by a strong residential development pipeline.
“This large, flexible space, located close to Woolworths supermarket and with frontage to the Market Place car park, attracted strong enquiry from a range of operators, particularly from the hospitality industry,” he said.
James said there has been growing enquiry in the inner-east as developments such as Camberwell Village, Hawthorn Park and others nearby come online.
He also recently negotiated the lease of <a href="https://www.realcommercial.com.au/property-retail-vic-camberwell-502538406" target="_blank">670 Burke Road</a>, just metres away on the corner of Burke Road and Prospect Hill Road, to optometry group EyeQ.
Similarly, the lease was a long-term deal at 7+5+5 years for the 87 sqm ground floor space, at $85,000 per annum net.
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