<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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Mirvac Group has secured three new tenants at its A-grade office building at 90 Collins Street, Melbourne.
They take the building to 100 per cent leased. 
Click Energy has leased over 1,300 square metres for a five-year term.
An eight-year term has been secured with Merricks Capital for approximately 500 square metres.
A five-year term has been secured with McDonald Murholme for over 900 square metres. 
Mirvac’s Paul Bezzina said the building offers 21,000 square metres workspace over 21 levels along with luxury brand retailers on the ground floor and basement parking for 111 cars.
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j.ballantyne1990-6AQqhLzZaK

Mirvac's 90 Collins Street, Melbourne fully leased

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iProsperity (iPG) has listed its Park Regis Hotel asset in Sydney with offers due March 13.
The 122-room hotel stratum comprises 10 levels of the 45-level mixed-use tower.
Located at the corner of Park and Castlereagh streets, the hotel comes with an outdoor rooftop pool along with 39 car spaces. 
iPG Group CEO, Michael Gu said Sydney’s hotel market remains "the red-hot stand-out performer in the Asia Pacific region".
iPG purchased it in 2016.
The hotel is being offered with a management agreement with Staywell Holdings, a subsidiary of the Japan-based Prince Seibu group, which provides an annual underwrite of the trading performance until the end of 2021.
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Park Regis Hotel placed on the market by iPG

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The large format retail sector has suffered a slump in the pace of consumer spending growth over the last couple of years, from a peak of over 9% (in moving annual terms) to just 2%, BIS Oxford Economics’ latest Large Format Retail Property report noted.
This weak demand/strong supply scenario created challenged for landlords. the study author, Maria Lee said,
Lee said the silver lining for large format retail centres was the increasing ability for them to incorporate non-traditional tenants.
"We’re seeing more gyms, play centres, medical centres, chemists, baby goods shops, pet supplies outlets and other uses," said Lee.
"This broadening of tenant mix not only improves visitation across the week but also helps keep a lid on vacancies.
"Importantly, these tenants often pay a higher rent than the traditional large format tenants."
The report noted that planning policy across the country is gradually moving towards greater flexibility for large format centres and that, even where policy is theoretically very restrictive, there are numerous instances of exceptions being made.
However, Lee cautions that the sheer speed and quantum of the impending supply peak is likely to cause some temporary fallout.
"Locational imbalances of supply and demand could see some centres suffer.
"And smaller centres, in particular, are at risk of falling income if one or two tenants fall over in the continuing challenging retailing conditions."
It noted weak consumer demand is set to continue to the end of the decade, against a backdrop of muted economic and household income growth.
Meanwhile, supply is surging as former Masters stores are converted into large format retail centres and as other projects that had been trying to secure pre-commitment for some time now go ahead.
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Large format retail property face challenges: BIS Oxford Economics 

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GUEST OBSERVER
A Productivity Commission report analysing competition in the financial sector has pointed out that our finance regulators have become enablers of an industry that is an impediment to our economic competitiveness and exploitative of their most loyal customers.
It proves the need for a board to oversee the conduct of our financial regulators, policing the bodies that are supposed to be keeping our financial system in check.
It could not have come at a worse time for our big four banks. Perennially pilloried for their rampant market misconduct (fraudulently manipulating benchmark interest rates) and their equally rampant abuse of upwards of hundreds of thousands of consumers across every one of their retail operations at one stage or another – financial advice, life insurance and credit card insurance, just to name a few.
The Australian Securities and Investments Commission (ASIC) most recently launched a bank-bill swap rate manipulation case against the Commonwealth Bank, but only across a very narrow range of infringements. The bulk of the infringements can’t be prosecuted because ASIC has dithered for so long, the statute of limitations has run out, and the alleged crimes have proscribed.
And what of our other financial regulator - the Australian Prudential Regulation Authority (APRA)? The Productivity Commission reckons that APRA’s ham-fisted use of macro-prudential tools, usually used to reduce risk in our financial system, has benefited the big four banks to the tune of A$1 billion.
APRA has been criticised for pursuing stability in a manner that has killed competition, hurt consumers, and starved small businesses of life-giving capital. The dominance by a few banks, whose profits are based on runaway property prices, is its own systemic threat.
The result is that small banks are squeezed out, big banks raking in higher rates, and investors offsetting higher rates against their taxes and so costing the Australian Taxation Office an estimated A$500 million in deductions. As the old saying goes, when your only tool is a hammer, every problem looks like a nail.
Who will regulate the regulators?
So what to do about ASIC and APRA? Back in 2014, the Financial System Inquiry recommended a board of oversight – a regulator for the regulators – to ensure that the regulators discharge their mandates.
So, for example, to ensure that ASIC acts like a cop, not a co-op; that APRA acts with foresight and finesse, as opposed to damaging competition. APRA and ASIC pushed back at the time, and the Abbott government rejected the recommendation.
Now to add impetus to the Financial System Inquiry recommendation, the Productivity Commission says there is a lack of transparency and accountability exhibited by our regulators. Add to that the implications regarding regulator’s efficacy that comes with the establishment of the Financial Services Royal Commission. The public deserves better than this.
A regulator for the regulators – a Financial Regulator Assessment Board – would conduct ex post analyses of how regulators had discharged their mandates, evaluate their policies and the efficacy of their policy tools. It would be a sober second thought, and a crucial mechanism of double redundancy – to pick up on crucial elements that the regulator may have overlooked.
The idea has form. The British have created something similar, called a Financial Policy Committee, this body’s aim is to review the British regulators, while keeping a look-out for where the next “bombshell” may come from.
That development in turn builds on the work of James Barth, Gerard Caprio and Ross Levine whose research indicates that regulators simply cannot be trusted to perform these crucial functions as the guardians of finance, without oversight. The researchers call their proposed board of oversight the “Sentinel”, and point out that no industry is more adept and more practised at suborning the guardians of finance than banks and insurers. Sound familiar?
<img src="https://counter.theconversation.com/content/91396/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">Australia’s financial system is increasingly governed by a lawless financial sector, presided over by regulators that are at best misguided, and at worst captured. A board of oversight is the least we can do.
Andrew Schmulow, Senior Lecturer, Faculty of Law, University of Western Australia
This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/australias-financial-regulators-need-policing-91396" target="_blank">original article</a>.
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Australia's financial regulators need policing: Andrew Schmulow

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GUEST OBSERVER
Green and public spaces must be safe, inclusive and accessible for all. In Australia, however, most young women do not feel safe in public spaces, especially after dark or when walking alone. Welcoming public spaces are also in decline in the US.
Calls to enhance the built environment for the benefit and well-being of half of humanity, the 3.5 billion people living in cities today, have never been so strong, especially since Habitat III.
Universal access to safe and inclusive public spaces is a key target of Sustainable Development Goal 11. A follow-up placemaking training event at the ninth World Urban Forum (WUF9), starting this week in Kuala Lumpur, Malaysia, will continue this global discussion on co-creating inclusive public spaces.
Yet improving public space requires significant investment. To ensure that city governments, private developers and citizen experts continue to make meaningful investments in creating better public parks, playgrounds, streets and sidewalks, we need to be able to assess the public value of such spaces.
So what are the ingredients of success?
For a public space to be seen as safe, comfortable and successful, a diverse range of people need to actively use it. In a workshop at the 2017 EcoCity World Summit in Melbourne, experts discussed challenges in everyday practices of developing and maintaining inclusive public spaces. The discussions led to a common understanding of what these spaces look like.
<img src="https://images.theconversation.com/files/202683/original/file-20180121-110121-1i0ofzy.JPG?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
A workshop at the EcoCity World Summit in Melbourne. Author provided
Several key elements of successful public space were identified:
<ul>
<li>
Public space should not favour specific groups or promote gentrification. Sometimes, architectural design of public spaces can restrict the free use of space.
</li>
<li>
Inclusive spaces work by encouraging a diverse mix of people who feel safe and comfortable in them. This mix should be intergenerational as well as intercultural.
</li>
<li>
Inclusive spaces can thrive only when they are open, free and accessible. The space should allow some flexibility in its use to suit changing needs. When streets and plazas accommodate multiple activities, they are activated at all times, even if used differently at different times.
</li>
<li>
Inclusive spaces must respect and acknowledge the needs of all genders and recognise children as active users of space. World Vision International, for instance, engages children as change agents who inform planning decisions for better and safer spaces.
</li>
<li>
Public space is accessible when it is well integrated and connected with surrounding land uses and transport options. If we design for people rather than cars, we can create places that more people are able to access and use.
</li>
</ul>
Inclusion depends on real participation
Participatory processes are incomplete without integrating community voice, building place-based relationships, fostering a sense of belonging and encouraging open communication in communities.
To achieve long-term success, it is important to understand how citizens can contribute to creating more inclusive spaces. Any space-changing project needs to nurture community and foster a sense of belonging among neighbouring residents.
Co-designing with the local community is crucial for a space to have a long-term sustainable impact and maintain continuous engagement. In Hobart’s Macquarie Point, for example, in addition to successfully building partnerships between multiple stakeholders, the project applied a phased activation plan, to allow the community to slowly engage with the spaces.
People have different ways of voicing their opinions. These different means of expression and participation need to be recognised when designing an inclusive space. Storytelling is one powerful tool to share and listen to local histories of place. It helps create meaningful city spaces that are valuable to the whole community.
Technology promises new and innovative ways of engaging communities. Crowdsourcing is one approach to tap into the community and encourage them to share their experience in their use of public space.
Plan International’s map-based community engagement tool allowed women to chart safe and unsafe spaces in the city and comment on them. This was an effective way for women with similar experiences to come together virtually and volunteer information.
However, easy translation of data into usable information to be shared widely is equally important for any participatory exercise.
<img src="https://images.theconversation.com/files/204498/original/file-20180201-123833-1iy7ogt.JPG?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
Many elements go into creating an inclusive public space. Author provided
Evaluating success of public spaces
Workshop participants found it particularly challenging to find the most effective means to measure the success of public spaces. Few appraisal tools exist to measure the quality of public space.
The project evaluation component almost always falls by the wayside as the impact of public spaces takes longer to manifest but is crucial to sustaining these spaces.
The workshop discussion highlighted the need to further explore evaluation tools that help ensure projects and initiatives have lasting outcomes.
The next steps
Public space is a critical ingredient of liveable cities. It is also recognised as important for sustainable urban development.
Getting it right requires investment in research, programming, information and advocacy.
<img src="https://counter.theconversation.com/content/89961/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">Health, well-being and prosperity all depend on the rightful use of public space to create communities that are inclusive and connected for the benefit of everyone.
SriPallavi Nadimpalli, PhD Candidate, University of Melbourne
Iderlina Mateo-Babiano, Senior Lecturer in Urban Planning, University of Melbourne 
Joyati Das, Associate, Melbourne Sustainable Society Institute, University of Melbourne
This article was originally published on <a href="http://theconversation.com">The Conversation</a>. Read the <a href="https://theconversation.com/putting-the-pieces-together-to-create-safe-public-spaces-for-all-89961">original article</a>.
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Putting the pieces together to create safe public spaces for all

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The latest research from North Sydney Cityscope shows sales have decreased in total value in the quarter to January 2018.
Sales recorded in the most recent quarter totalled $730.3 million from 50 sales, a decrease in total value compared to the $962.3 million from 71 sales in the quarter to October 2017 and an increase from the $539.4 million from 71 sales in the quarter to July 2017.
This quarter brings the twelve-month total value of sales to $2.752 billion, a large increase from the $1.872 billion recorded for the previous year.
The table below shows sales recorded for the past eight updates of North Sydney Cityscope.
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Notable sales for the January 2018 update of North Sydney Cityscope include:
<ul>
<li>Charter Grove at 29-57 Christie Street Mall, Crows Nest, a seven-storey office building over a three-level basement car park for 307 cars and a building area of 14,400 sqm and Charters Grove Sports Complex at 29 Christie Street Mall, Crows Nest, which includes a swimming pool, tennis court and a child care centre, were bought together for a total of approximately $160 million through Savills;</li>
<li>73 Miller Street, North Sydney, a 12-storey commercial building with ground floor retail, a restaurant and two levels of basement car parking for 159 cars and with a net lettable area of 14,670 sqm, which was bought for $150 million and</li>
<li>A half share in the Cisco Systems Building at 201 Pacific Highway, North Sydney, a 10-storey commercial building with 8 additional levels of basement car parking for 262 vehicles and a net lettable area of 16,578 sqm, was bought for $85.8 million. </li>
</ul>
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Properties listed as for sale in the January 2018 update in the areas covered by North Sydney Cityscope include: 
<ul>
<li>The stalled Davenport development at 563-565 Pacific Highway, St Leonards, a development site at excavation stage on a 284 sqm block, which is for sale through Property Fox; </li>
<li>118 Alexander Street, Crows Nest, a single-storey house on a site area of 390 sqm, which is for sale through Property Fox and</li>
<li>254 Military Road, Neutral Bay, a two-storey brick building with ground floor retail and a building area of 220 sqm, for sale through Victor Kelly Estate Agent. </li>
</ul>
Leasing opportunities in the January 2018 update in the areas covered by North Sydney Cityscope include:
<ul>
<li>141 Walker Street, North Sydney, a 24-storey office building which comprises basement parking for 209 cars, ground floor retail space and landscaped terrace and forecourt, ground and upper ground level shops and restaurant, and 22 floors of offices, which has office space of 200 to 3,755 sqm available through Dexus Property Group; </li>
<li>Northpoint at 100 Miller Street, North Sydney, a 32-storey office building of with a two-level arcade of specialty shops and basement parking for 423 cars over 6 levels, has office space of 26 to 941 sqm available through JLL North Sydney and Colliers International and</li>
<li>170 Pacific Highway, McMahons Point, a five-storey building with retail space on the ground floor and commercial space on the upper floors, with basement parking for 129 cars, which has office space of 300 to 1,200 sqm available through Cadigal Office Leasing.</li>
</ul>
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North Sydney commercial property market update; Citiscope

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Frasers Property Australia has purchased a 23 hectare parcel of industrial land in Braeside from Saltview Pty Ltd, a Hudson Conway subsidiary company.
Lynton Williams from Savills brokered the deal.
The land parcel is located on the corner of Governor Road and the proposed Mordialloc Bypass in Melbourne’s South-Eastern suburb of Braeside.
The acquisition of Braeside has been described as a natural extension of its 116 hectare The Key Industrial Park in Keysborough, which is approaching completion.
Braeside’s masterplan will comprise a mix of options including land sales, A-grade buildings for leases and turnkey opportunities for owner-occupiers.
Braeside estate is located adjacent to Mordialloc Bypass with construction set to commence by mid-2019. 
Frasers Property has recently completed several transactions in The Key Industrial Park including a 16,000sqm turnkey warehouse for ARB ($19.4 million) and ten year leases with Stanley Black &amp; Decker (21,722sqm), CH2 (21,200sqm), Silvan (11,948sqm), Rubies Deerfield (9,030sqm). The Stanley Black &amp; Decker and CH2 facilities are owned by Frasers Logistics &amp; Industrial Trust.
These combined transactions total $122 million worth of new purpose-built facilities. To date Stanley Black &amp; Decker and ARB have moved into the estate, while Silvan, Rubies Deerfield and CH2 are all expected to move into their warehouses in the first half of this year.
Frasers Property has also recently sold 16 lots in The Key Industrial Park – Stage 8 ranging in size from 1,999sqm to 4,071sqm totalling $17.4 million.
Braeside estate is expected to launch in mid-2018. 
 
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Savills secure Hudson Conway sale at Braeside

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Lawson Arcade, the prime retail and office building in Byron Bay, has been listed for sale with expectations of more $5.5 million.
It last traded for $5.26 million in 2003, so slow price growth for the commercial investment.
The commercial property offers 15 metre frontage to the busy Lawson Street.
It has been listed fully let.
Lawson Arcade on 865 sqm comprises a modern, double storey brick building of nearly 600 sqm. 
It has three shops, two restaurants and four office suites, with a gross annual income of around $465,000.
There was a recent $250,000 refurbishment which included interior exterior paint, new LED lighting, tenant signage and landscaping.
Teska Carson agent Michael Ludski is marketing the commercial building inconjunction with Byron Bay Property Sales agent Kathy Vaubel.
"There is no doubt that Byron Bay is one of the most popular beach resorts in Australia attracting high levels of tourists – currently more than two million - throughout the year," Ludksi says.
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Lawson Arcade at Byron Bay set for investor battle

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<div>
Commercial property agency JLL's Australian arm have seen revenue rise for the eighth consecutive year.
Revenues were up 17 per cent in the 2017 calendar year on 2016, with profits 18 per cent in the past year.
The Australian Financial Review said the result was led by contributions from JLL's facilities management business.
Facilities management revenues rose 67 per cent year-on-year after the agency won large government outsourcing contracts.
</div>
<div>Its chief executive of JLL Australia, Stephen Conry, said the company's whole of Australian government contract win covering 34 government entities and its Victorian government contract win covering 276 properties were behind the large increase in revenue from facilities management.</div>
<div> </div>
<div>The agency booked a 13 per cent lift in its property management fees.</div>
<div>
JLL's investment sales business had revenues up year-on-year by 10 per cent
The commercial real estate agency booked a record full year revenue of $US7.9 billion in its global operations.
</div>
<div>
In its Asia Pacific business, revenue rose 20 per cent to $US1.6 billion and fee revenue was up 14 per cent to $US1.2 billion.
The increase in 2017 fee revenue was led by Greater China, Australia, India and Japan, the company said. 
Meanwhile US listed real estate agency CBRE recorded an all-time high for both revenue and earnings in 2017, driven by occupier outsourcing and leasing fee revenue.
<div>
Global revenue hit $US14.2 billion ($18 billion), an increase of nine per cent, with CBRE's Pacific business reporting a record revenue result in the fourth quarter after a nine per cent increase in revenue compared with the previous corresponding quarter.
CBRE's president and chief executive for the Pacific, Ray Pittman said the performance was driven by brokerage and professional services teams.
</div>
<div>
However, APAC sales revenue fell seven per cent compared with the fourth quarter of 2016, when sales had surged 42 per cent.
</div>
</div>
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JLL Australia see revenues rise for eighth year

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The first stage of the $1.5 billion Ripley Town Centre has secured an array of new leases as construction of the $40 million project is well advanced.
The latest leases lift its occupancy to over 80 per cent in what will be a marketplace-style centre anchored by a Coles supermarket.
It will be supported by 20 specialty stores, a medical centre and commercial office space.
Ripley Town Centre has secured tenancies from liquor giant BWS, a bakery, newsagent, nail salon, hairdresser, massage centre and café.
The Victoria-based Quay Family Healthcare signed up for the major medical centre to operate on the site.
Other health and medical tenants secured include The Discount Chemist, dentist Dr Nauv Kashyap who is opening his eighth South East Queensland practice, and Ipswich veterinarian Andrew Hemming who is targeting a second surgery to complement his existing Flinders View Veterinary Surgery.
Construction of the 9000sqm first stage is now well advanced with the roof installed, glazing and shopfronts currently being installed.  
“We’re pleased with construction progress over the past year, and we’re thrilled to see the number of retailers and commercial businesses moving to capitalise on the potential of the regional town centre,” said Ripley Town Centre development manager Taku Hashimoto. 
The new regional hub will service up to 120,000 people expected to call the Ripley region home over the coming years.
Ripley Town Centre has implemented several sustainability initiatives to secure a 5 Star Green Star Design through the installation of 1800 individual solar panels, with the majority to be installed on the 360 vehicle carpark shade structures as part of the 480kW system that will help generate a sizable portion of the town centre’s power needs at peak times.
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