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

Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

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

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

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

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

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

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

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

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

<html><body>
The transformation of one of Australia’s most iconic former prisons into a new age urban village will commence this month, with construction work to begin on the 167-year-old Pentridge Prison.
Pentridge Coburg developer Shayher Group will start work on the construction of the 6,000 square metre site’s large retail hub first, which will deliver cinemas and a new supermarket for Coburg when competed in late 2019.
The retail precinct will feature a shopping centre as well as a 15-screen Palace Cinemas.
The shopping centre is the centrepiece of Shayher Group’s vision to transform the former Pentridge Prison into a vibrant mixed-use urban village comprising cafes, restaurants, a hotel, shopping facilities as well as apartments and public open space.
<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/2018/2/22/pent2.jpg" alt="">
Spanning approximately 6.7 hectares, Pentridge Coburg will create more than 8000 jobs, including more than 1200 permanent jobs across retail, hospitality and hotel industries.
Shayher Group spokesperson Anthony Goh said construction commencement aimed to give future tenants and the local community confidence that the project is on track.
“This is an important milestone for the revitalisation of Pentridge Prison and its transformation into a vibrant community asset, driving economic and employment growth locally,” he said.
“The construction process will be sensitive to the existing heritage of the prison and undertaken in a manner that will ensure the heritage elements live on for many decades to come.
“For our future retail tenants, Palace Cinemas, Zero95 Wood Fire Pizza Bar and Adina, the construction commencement marks the beginning of our journey in making Pentridge Coburg a place for the local community to experience and enjoy.”
Pentridge Coburg’s retail precinct has generated strong interest from Melbourne’s hospitality and retail industry, which sees the potential a project of this size has to reinvigorate the local Coburg economy and turn the area into the next inner-city hotspot.
In addition to Palace’s support for the project, Adina has signed on to operate a 120-room hotel on site.
Pentridge is on the Victorian Heritage Register, which is overseen by Heritage Victoria. 
Shayher Group has invested more than $2 million through various restoration works, including restoring the iconic guard towers.
</body></html>

jrobinson-rf4aSBido9

Construction to commence on former Pentridge Prison transformation

<html><body>
Homes located within the catchment for some of Melbourne’s best public schools are achieving six-figure premiums, compared to neighbouring properties which fall just outside the zone.
The latest REIV data shows the median house price in highly sought after public school catchments is up to $400,000 more expensive than homes within a one kilometer radius of the zone.   
In the year to December 31, homes zoned for some of the city’s best primary schools recorded the largest price difference, with South Yarra Primary School leading the way. Homes within the South Yarra Primary School zone had a median price of $1,930,000 while properties bordering the zone had a median of $1,520,000 – a difference of $410,000.
Vendors of homes within the catchment area for Altona Primary School could also expect higher sale prices than those located just outside the zone. The median house price for those within the zone was $1,225,000 while neighbouring homes bordering the zone fetched $325,000 less.
In Bentleigh East, homes zoned for Valkstone Primary School were almost $250,000 more expensive than those within one kilometer of the school zone.
REIV President Richard Simpson said access to quality public schools remains a key factor for many buyers, which is delivering significant capital gains for homes located in these catchments.
“Parents of school-aged children are investing in the family home by buying into areas zoned for some of the city’s best public schools, rather than paying the equivalent in private school fees.”  
Camberwell High School experienced the largest price difference for secondary schools, with a difference of $289,000 recorded between those in the zone and those bordering the zone.
Homes located within the catchment of McKinnon Secondary College also achieved  significantly higher prices than those just outside the zone. The median house price for homes within the zone was $1,690,000 while those bordering the zone had a median price $235,000 less.
PRIMARY SCHOOLS
<table>
<colgroup>
<col width="228">
<col width="106">
<col width="140">
<col width="150">
</colgroup>
<tbody>
<tr>
<td>
12 months to Dec17
</td>
<td>
In School Zone
</td>
<td>
Bordering School Zone (1km)
</td>
<td>
Difference
</td>
</tr>
<tr>
<td>
South Yarra Primary School
</td>
<td>
$1,930,000
</td>
<td>
$1,520,000
</td>
<td>
$410,000
</td>
</tr>
<tr>
<td>
Altona Primary School
</td>
<td>
$1,225,000
</td>
<td>
$900,000
</td>
<td>
$325,000
</td>
</tr>
<tr>
<td>
Valkstone Primary School
</td>
<td>
$1,630,000
</td>
<td>
$1,385,000
</td>
<td>
$245,000
</td>
</tr>
<tr>
<td>
Fitzroy Primary School
</td>
<td>
$1,635,000
</td>
<td>
$1,400,000
</td>
<td>
$235,000
</td>
</tr>
<tr>
<td>
Hampton Primary School
</td>
<td>
$2,050,000
</td>
<td>
$1,860,000
</td>
<td>
$190,000
</td>
</tr>
<tr>
<td>
Llyod Street Primary School
</td>
<td>
$2,000,000
</td>
<td>
$1,870,000
</td>
<td>
$130,000
</td>
</tr>
<tr>
<td>
Preston West Primary School
</td>
<td>
$1,045,000
</td>
<td>
$952,000
</td>
<td>
$93,000
</td>
</tr>
<tr>
<td>
Hartwell Primary School
</td>
<td>
$2,001,000
</td>
<td>
$1,950,000
</td>
<td>
$51,000
</td>
</tr>
<tr>
<td>
Templeton Primary School
</td>
<td>
$997,500
</td>
<td>
$965,500
</td>
<td>
$32,000
</td>
</tr>
<tr>
<td>
Regency Park Primary School
</td>
<td>
$920,000
</td>
<td>
$903,000
</td>
<td>
$17,000
</td>
</tr>
</tbody>
</table>
SECONDARY SCHOOLS
<table>
<colgroup>
<col width="237">
<col width="96">
<col width="150">
<col width="141">
</colgroup>
<tbody>
<tr>
<td>
12 months to Dec17
</td>
<td>
In School Zone
</td>
<td>
Bordering School Zone (1km)
</td>
<td>
Difference
</td>
</tr>
<tr>
<td>
Camberwell High School
</td>
<td>
$2,399,000
</td>
<td>
$2,110,000
</td>
<td>
$289,000
</td>
</tr>
<tr>
<td>
McKinnon Secondary College
</td>
<td>
$1,690,000
</td>
<td>
$1,455,000
</td>
<td>
$235,000
</td>
</tr>
<tr>
<td>
Frankston High School
</td>
<td>
$778,400
</td>
<td>
$650,000
</td>
<td>
$128,400
</td>
</tr>
<tr>
<td>
Box Hill High School
</td>
<td>
$1,425,000
</td>
<td>
$1,335,000
</td>
<td>
$90,000
</td>
</tr>
<tr>
<td>
Mount Waverley High School
</td>
<td>
$1,407,000
</td>
<td>
$1,328,500
</td>
<td>
$78,500
</td>
</tr>
</tbody>
</table>
A three bedroom house in South Yarra Primary School Zone has been sold for $3.5 million earlier this month (pictured below).
<a href="https://www.realestate.com.au/sold/property-house-vic-south+yarra-127443318?cid=pdp:recent-sales" target="_blank">Located at 48 Fawkner Street</a>, the Victorian home is only 0.28 kilometres from the South Yarra Primary School.
It comes with three bedrooms, open plan kitchen and dining, and a sizable balcony.
Additional features include a sitting room, study, under stair storage lush courtyards and rear right of way parking access for two cars.
<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/2018/2/27/south%20yarra%20primary.jpg" alt="">
A Stodart Street five-bedroom house, which is 0.66 kilometres from Camberwell High School, was sold for $5.5 million last year (pictured below).
Built in 1928, the 12 Stodar Street home comes with five bedrooms, a well-appointed Miele kitchen, informal living and dining rooms and private garden with heated pool and spa.
Willison station, parks, trams and schools, including Camberwell Primary School, Camberwell High School and Canterbury Girls Secondary College are within short distance.
<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/2018/2/27/12%20stodart%20st.jpg" alt="">
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j.ballantyne1990-6AQqhLzZaK

Camberwell tops school zones value benefit: REIV

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The Melbourne food and beverage operator Beacon 88 has secured a five-year lease for its Albert Park premises.
It is a 160 sqm retail space on the ground floor of the residential complex at 88 Beaconsfield Parade.
Beacon 88 will open a high-end eatery leased at a net annual rent of $593 a square metre.
Knight Frank agent Paul Pellegrino brokered the deal for landlord, Pentas Property Investments.
<a href="http://88beaconsfield.com/vision" target="_blank">The building </a>was designed by Omiros One Architecture with a 4th floor lap pool and sun deck, overlooking the Melbourne CBD skyline, and provide a space accessible to all residents to enjoy the Port Phillip Bay view.
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Beacon 88 lease deal on Albert Park promenade

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The hamburger restaurant Milky Lane has agreed terms on a two-year lease with options at Parramatta in Sydney's west.
It is for the ground floor 385sq m retail space at <a href="https://www.realcommercial.com.au/property-retail-nsw-parramatta-500849035" target="_blank">20 Macquarie Street</a>.
The agreed gross annual rent is $380 a square metre, with a 4.5 per cent annual rental review.
Khoury Partners' Jon Race handled the leasing negotiations.
With a complete update of both the lobby and common areas, 20-22 Macquarie Street occupies a central position, only metres to Parramatta Train Station Station and Bus Services. 
The tower provides six levels of B-Grade office accommodation. Retail opportunities included ground floor retail featuring full commercial kitchen and seating for 213 diners. 
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Milky Lane lease in Parramatta

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The architecture firm The Buchan Group, has designed a retail hub located in the heart of a new Northern Territory master-planned suburb, Zuccoli at Palmerston.
Zuccoli plaza, which is now completed, comprises 3400 sqm of retail space with additional covered areas.
The shopping centre features 14 shops including a supermarket, gym, medical centre, chemist, local MP office, liquor store, newsagent, land sales office and cafe. It is located on the corner of Zuccoli Parade and Crosby Street.
The Buchan Group was appointed by The RR Morriss Group to provide master-planning, architectural, interior, graphics branding and signage design services to the project.
Buchan Group architect Rhys Maxwell said Zuccoli Plaza was "a village plaza which connected, integrated, and extended the adjoining park into the site."
“It seemed logical to integrate the surrounding parkland into the site to complement the Zuccoli masterplan concept of providing a natural edge to village life.
“A flowing and open park transition with flanking arbour structures connects the adjoining WKJ Memorial Park to the plaza to provide shade and cover to the pedestrian walkways."
 <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/2018/2/28/Buchan%20Group%20Zuccoli%20Plaza%20Darwin%202.jpg" alt="">
The centre was opened by the family of the late Guido Zuccoli, after whom the suburb was named. A design competition was held for local artists to paint a mural in Mr Zuccoli’s honour, on the park-facing side of Zuccoli Plaza.
 
 
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Buchan Group's design of Zuccoli Plaza, Darwin

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A Little Collins Street space in Melbourne’s CBD has attracted strong demand from a range of operators. 
Fitzroys agent Terence Yeh leased the 38 sqm Shop 3, 188 Little Collins Street to Little Temperance café on a 5+5-year deal at $90,000 per annum net, with 4% annual increases. 
Yeh said the typical rate for a similar space would be around $1,800 per sqm, but a rate of $2,368 per sqm was achieved. 
“More than 60 enquiries were received from hospitality, fashion and service retail operators, looking to capitalise on the CBD worker population and the rapidly growing residential catchment in central Melbourne,” he said. 
Yeh negotiated the deal on behalf of a private investor. 
<img src="https://www.urban.com.au/images/2018/2/26/P1160019.JPG" alt="">
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 Little Temperance cafe leases Little Collins Street space 

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Mirvac Group's A-grade office development 664 Collins Street in Melbourne is 100 per cent pre-leased following the signing of leading energy provider, AGL. 
AGL has committed to over 6,000 square metres across two floors.
It joining tenants, Pitcher Partners and Fujitsu in the 26,000 square metre office tower. 
Mirvac’s Campbell Hanan said, “664 Collins Street is now 100 per cent leased ahead of practical completion this year."
“The changing forces of work and employee experience are demanding more from the built form than ever before. 
"Mirvac is working with tenants to create workplaces and assets, like 664 Collins Street.
He said <a href="https://maps.google.com/?q=644+Collins&amp;entry=gmail&amp;source=g">644 Collins</a> was designed to incorporate leading smart technology and real-time data collection to improve workforce utilisation and efficiencies, "while creating an intuitive working environment.” 
The executive general manager group Operations at AGL, Doug Jackson said AGL was utilising this space to accommodate our digital transformation projects and Melbourne-based operations. 
At 664 Collins Street, Pitcher Partners will occupy over 9,000 square metres across 3.5 levels, with a 12-year lease commencing in June 2018. 
Fujitsu and AGL will take up occupancy in September 2018. 
Upon practical completion, which is expected mid this year, 664 Collins Street will be the final stage of the Southern Cross Station complex. It will target a 5 Star Green Star Design and 5 Star NABERS Energy rating.
In June last year, Mirvac successfully sold down 50 per cent of the building to an investment vehicle sponsored by Morgan Stanley Real Estate Investing (MSREI).
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After AGL Mirvac¹s 664 Collins Street 100 percent pre-leased

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A housing affordability report has found WA is the most affordable state in the country for tenants and home-buyers. Only the two Territories - the ACT and Northern Territory - are more affordable.
It’s one piece of a multi-faceted equation which equals recovery in the Perth property market.
While media continues to obsess over Sydney and has extrapolated the wind-down in its market into a national downturn, other scenarios are playing out in different parts of this complex nation.
Perth has been running counter-cyclical to Sydney for the past five or six years and this continues. In 2012, when Perth prices were rising strongly, Sydney was doing very little; as Sydney got on its growth path from 2013 onwards, Perth was heading into reverse; and now, as Sydney runs out of steam, Perth is recovering and moving forward.
Improved affordability after four years of price decline is one of the factors giving Perth momentum.
The Real Estate Institute of Australia and Adelaide Bank, in their latest Housing Affordability Report, have found that affordability in WA’s housing and rental markets has improved markedly.
According to the report, the proportion of income required for tenants to pay their rent had decreased from 19.2% in late 2016 to 17.4% in late 2017.
For those looking to buy their first home, the proportion of income required to meet home loan repayments decreased from 23.8% in 2016 to 22.4% in 2017.
The result reflects the decline in property values and rentals in Perth and other parts of WA in recent years, exacerbated by the end of the resources investment boom, which pushed up residential vacancies.
But the Perth property market generally ended 2017 on a positive note, with December Quarter data from the REIWA showing improvements in median prices, sales activity, listing levels and average selling days.
Supporting that is Domain figures for the December Quarter, which show small quarterly rises in the median prices for both houses and apartments, although the annual figures are still a little negative.
In addition, the latest SQM Research figures show small monthly rises although, again, the annual data is still in the negative.
All this is making Perth “the land of opportunity” and it’s the main reason I’m heading to Perth to do a seminar presentation on 15 March.
REIWA president Hayden Groves says it bodes well for Perth that all key indicators improved over the latest quarter.
“The Perth market found its floor and stabilised in the back half of 2017,” he says. “We now appear to be entering a recovery phase, though REIWA remains cautious about expectations of rapid growth in the next 12 months.”
Perth’s preliminary median house price increased 1.2% to $516,000 in the December Quarter - but once all sales have settled, REIWA expects the final December Quarter median to lift to $520,000, which would be a notable rise on the September Quarter median of $510,000.
Perth’s median unit price is $405,000 for the December Quarter which is a 1.3% increase on the September Quarter.
There were 4,946 dwelling sales in Perth in the December quarter. Groves says this figure is expected to lift to 6,700 once all sales have settled, putting it significantly above the September Quarter sales figure.
“Traditionally, the September Quarter outperforms the December Quarter, but that wasn’t the case in 2017. The December Quarter is on track to record 14% more sales than September,” Groves says.
The primary reason for the revival in the Perth property market is the recent improvement in the state economy.
Further confirmation of WA’s revival comes from Reserve Bank governor Philip Lowe, who says the state economy has “turned the corner”.
Lowe says while the national economy is gaining strength, WA is not being left behind, with signs of a lift in mining investment through the State.
“We’re starting to see more self-sustaining investment growth in WA in the mining sector and that’s picking up conditions in Perth,” Lowe says. “It’s not a boom again but there’s more sustainable investment going on and that’s helping the WA economy.”
Outside the mining sector, Lowe cites the lift in public infrastructure projects as one of the reasons the economy is improving.
 
Terry Ryder is the founder of hotspotting.com.au
<a href="https://mailto:ryder@hotspotting.com.au">ryder@hotspotting.com.au</a>
twitter.com/hotspotting
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terryryder-YECXbqmri2

Perth's counter cyclical property market is now moving forward: Terry Ryder

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CommSec has analysed all results from ASX 200 companies. Traditionally brokers or analysts focus on smaller subsets of results. And some merely focus on just whether companies have met or fallen short of “market expectations”.
So far 125 of the ASX200 have reported half-year earnings. The earnings season effectively ends on February 28.
Some of the key results:
<ul>
<li>In aggregate, revenues are up 7.0% on a year ago; expenses are up 8.2%; profits are down by 1.5%; dividends are up 9.5% and cash is up 5.3%.</li>
<li>Excluding BHP, CBA and Telstra, profits are up 3.2% on a year ago.</li>
</ul>
The following points relate to those companies that have reported half-year results (HY reporting companies).
<ul>
<li>On revenues, 81% reported increases and 19% reported declines.</li>
<li>On expenses, 78% reported increases and 22% reported declines.</li>
<li>On profits, 94% reported a profit.</li>
<li>57% reported a lift in profit and 43% a decline (long-term average 61.4%).</li>
<li>Of those reporting a profit, 57% lifted profits and 43% reported a decline.</li>
<li>Of all HY reporting companies, 86% have issued a dividend and 14% haven’t.</li>
<li>Of those reporting a dividend, 75% lifted the dividend, 8% cut and 17% left dividends unchanged.</li>
<li>Of all companies reporting half-year earnings, 57% lifted cash holdings over the year and 43% cut cash levels.</li>
<li>Cash holdings of both full-year and half-year reporting companies stood at $112 billion at December 31, up 4.4%.
</li>
</ul>
The trends
<ul>
<li>Surveys conducted of the business sector over the past six months have generally been positive. The NAB business conditions index hit record (21-year) highs in October 2017. Using rolling averages, business conditions are at decade highs.  
</li>
<li>So it makes sense that companies are making money. In fact all but seven of the 125 ASX200 companies reporting for the six months to December, reported a profit. The 94.4% of companies recording a profit matches the record high proportion in the 2017 interim reporting season a year ago. 
</li>
<li>But aggregate profits aren’t soaring. In fact aggregate profits are down 1.5% on a year ago. Stripping out heavyweight companies, a small lift in aggregate profit was achieved. 
</li>
<li>In addition, if you look at the proportion of companies able to lift profits, it was only 57% – the smallest share in five years. 
</li>
<li>So where have the funds gone? Aggregate revenues lifted 7% over the year but expenses posted a stronger 8.2% increase. Some companies have chosen to invest more into their business. Others may have lifted marketing expenses to stay competitive. Still others may have faced higher costs – certainly energy bills have continued to lift along with other commodity prices. 
</li>
<li>Cash levels are still healthy, up 5.3% on a year ago for half-year reporting companies. But in the year to June 2017 cash levels were up by 23.5%. 
</li>
<li>As a result of decisions or circumstances that have led to a lift in expenses, thus restraining profits, a smaller proportion of companies have issued dividends. 
</li>
<li>For some time this had been expected – companies had to reach a point where they needed to spend more on the business. So the 86% of companies issuing a dividend was the smallest proportion for three years.  
</li>
<li>The important point is that for those companies paying a dividend, the desire has been to lift or maintain the dividend. In fact almost 92% of the dividend payers, elected to lift or maintain dividends – the highest share in the 16 reporting seasons we have tracked. 
</li>
<li>In aggregate, dividends per share were up 9.5% on a year ago. 
</li>
</ul>
What are the implications for interest rates and investors?
<ul>
<li>Corporate Australia remains in strong shape. All but seven of the half-year reporting companies recorded a profit for the period despite stronger growth in expenses. 
</li>
<li>Corporate Australia is solidly in the black. But the bottom-line profits aren’t rising like they were in the recent past. And that is understandable. The base level of corporate profits is higher; global competition continues to lift; companies are investing more; and there was a solid lift in energy costs in the second half of 2017. 
</li>
<li>Looking ahead, the Australian economy is expected to grow at a faster pace over the coming year. A near record number of homes are being built although fewer new projects are likely to be started over the coming year, especially in Sydney and Melbourne and the Brisbane apartment market. 
</li>
<li>A growing number of infrastructure projects will support prospects of construction, industrial and transport sectors. 
</li>
<li>Resource companies and other companies with substantial operations overseas will benefit from stronger global economies. The challenge will be to restrain costs, particularly energy costs. 
</li>
<li>US sharemarkets have been volatile over February as investors weigh up high valuations and the prospects for higher interest rates. The Australian sharemarket will be affected like other sharemarkets should the volatility continue. But the Australian sharemarket is attractively valued with the lagged price-earnings at 15.79, only slightly above the long-term average. 
</li>
<li>CommSec expects the All Ordinaries to be trading in a 6,250-6,650 point range by the end of calendar year 2018 with the ASX200 around 100 points lower than the stated range.</li>
</ul>
 <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/2018/2/26/CI%205.jpg" alt="">
<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/2018/2/26/CI%206.jpg" alt="">
Craig James is chief economist at CommSec.
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cjames-5S2v74qSNK

Bottom-line profits of corporate Australia are rising like the recent past: CommSec's Craig James

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<div>Like many getting-a-bit-long-in-the-tooth Sydneysiders, I've increasingly been having recurring daydreams about selling a place at Bondi or in the inner west and trading it for a mansion at Maroochydore (or sometime it's a mooring at Mooloolaba). </div>
<div> </div>
<div>Probably about once a fortnight I have these fantasises, on average, I reckon. </div>
<div> </div>
<div>And then reality bites.</div>
<div> </div>
<div>I wake up and find that Infrastructure Australia (IA) has released another report, which always brings me back to earth and reminds me why I invested in inner-Sydney property in the first place. </div>
<div> </div>
<div>As ever, IA's Future Cities report presents a range of scenarios.</div>
<div> </div>
<div>There's a decentralised scenario which incorporates acres of building and hundreds of thousands of new homes in the south-west.</div>
<div> </div>
<div>And then there's a centralised scenario where everyone crams like crazy into zones close to the Central Business District (CBD), and to a lesser extent Parramatta.</div>
<div> </div>
<div>And then there's the medium-density scenario, which is a realistic mixture of the two, incorporating population growth across the city and on balance the most likely outcome. </div>
<div> </div>
<div>The scenarios have one thing in common: none of them envisages a Sydney in 2046 with a population of under 7.34 million. </div>
 
<div><img src="https://1.bp.blogspot.com/-PdMnCv6NaPM/WpCTHx3DIuI/AAAAAAAAoic/PKX5PyrObPwoXRjOHlN760TUpD5B47wUwCLcBGAs/s640/A3.jpg" width="640" height="240" data-original-height="500" data-original-width="1324"></div>
 
<div>Although people are expected to live all over Sydney, the share of employment will remain heavily skewed to the CBD and city fringe, and to a secondary extent Parramatta. </div>
 
<div><img src="https://1.bp.blogspot.com/-aHGJZcD-GmI/WpDsUCuGnlI/AAAAAAAAois/t4fM1LPGEfcej_ytStllHGeERXSVygGMgCLcBGAs/s640/A1.jpg" width="640" height="450" data-original-height="712" data-original-width="1010"></div>
 
<div>And there's a great deal of consideration of how people will get around with millions of extra people in essentially the same amount of space (as an investor, I've always gone for train links to the City or walking distance from the Sydney CBD). </div>
 
<div><img src="https://4.bp.blogspot.com/-nYjMyB370L0/WpDsgFvkAAI/AAAAAAAAoiw/tW2NMZ_pFIYAhZF5E69vfdV5TCOc_-q-ACLcBGAs/s640/A2.jpg" width="640" height="456" data-original-height="469" data-original-width="658"></div>
 
<div>Nobody can predict the future, but one thing I will hang my hat on is a massive ongoing demand for rentals close to the middle of Sydney. </div>
From the horse's mouth...
Between 2017 and 2046, Australia’s population is projected to increase by 11.8 million people. 
<div>That’s equivalent to adding a new city, roughly the size of Canberra, each year for the next 30 years. </div>
<div> </div>
<div>About 75% of this growth will occur in Sydney, Melbourne, Brisbane and Perth.</div>
<div> </div>
<div>Population growth is a central driver of this change. </div>
<div> </div>
<div>In the next 30 years, Sydney’s population is projected to increase by 2.4 million people, growing to be a city of 7.4 million. </div>
<div> </div>
<div>Over the same period, Melbourne is projected to grow by 2.7 million people, to be a city of 7.3 million. </div>
<div> </div>
<div>Between now and 2046, Brisbane is projected to grow by 1.6 million people and Perth by 2.2 million people, delivering cities of just under 4 million and 4.3 million, respectively.</div>
<div> </div>
<div>This means the Brisbane and Perth of tomorrow will become cities the size of Melbourne and Sydney today. </div>
<div> </div>
<div>While Melbourne and Sydney will become cities comparable to the current size of some of the world’s most significant urban economies, operating more like the Hong Kong, New York and London of today.'</div>
<div> </div>
<div>PETE WARGENT is the co-founder of AllenWargent property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank">blogger</a>.</div>
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