Gold Coast-based developer <a href="https://www.apartments.com.au/developers/ignite-projects">Ignite Projects</a> has lodged a Development Application for a landmark $120 million precinct set to transform the southern gateway of the much-loved Spit.

Positioned at the most prominent entry point to the iconic peninsula, the project has been designed with a strong focus on architecture, public space, heritage and connectivity, delivering a revitalised parkland setting that invites locals and visitors to engage with the Broadwater.

Central to The Isles proposal is a significantly upgraded public realm, including landscaped open space, a new waterfront café, and a family-friendly park featuring a naval-themed playground, open lawns and improved pedestrian connections.

<img alt="Ignite Projects unveils exciting details of landmark gateway precinct for the Spit" data-entity-type="file" data-entity-uuid="de83a270-6091-4b26-bed0-86f9248e7f9e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Isles%201.jpg?VersionId=vt79HlCOwV9F7eLQe9.Z3bv9JGLMaSP2" />

The design retains and celebrates key elements of the site’s history. The training mast from the vacant and degraded naval cadet building, which forms part of a former Navy minesweeper, will be preserved. The existing Navy Memorial will be relocated and upgraded in collaboration with the RSL, allowing it to be publicly accessible for the first time in years. 
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Heritage-listed Humphreys Boat Shed remnants will remain and be incorporated into the landscape, while the site’s established Norfolk Pines will be retained, reinforcing the area’s character and sense of place. The enhanced parkland will ultimately create a long-term community asset at the entry to The Spit. 
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The Development Application (DA) lodged with Gold Coast City Council includes 28 waterfront apartments across three levels, ranging in size from 145sqm to 383sqm, designed as a feature landmark within the precinct and complement the public domain.

<img alt="Ignite Projects unveils exciting details of landmark gateway precinct for the Spit" data-entity-type="file" data-entity-uuid="bbf94e00-b56a-47fb-a15d-3d17b0b1ec76" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Isles%203.jpg?VersionId=A0vmBNE_KohYJo1EoZcmF5IVW4tT5aDo" /> 
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Ignite Projects Director Josh Foote said the project as a whole had been carefully shaped to deliver a meaningful outcome for the wider community, not just future residents. 
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“This is about more than delivering opulent apartments – it’s about creating a welcoming and memorable gateway to The Spit that people can enjoy every day,” Mr Foote said. 
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“We’ve worked hard to ensure the public realm is a central part of the project, from the landscaped parklands and family-friendly spaces through to the preservation and celebration of important local heritage.”

<img alt="Ignite Projects unveils exciting details of landmark gateway precinct for the Spit" data-entity-type="file" data-entity-uuid="443bbde5-8221-45f8-a549-dad2623df20c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Isles%204.jpg?VersionId=iUl6nc.sHkjMdo_1RigwbwUz_celHJ3H" /> 
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Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, The Isles adopts a considered subtropical approach, with the building form shaped to maximise natural light, cross ventilation and views to the Broadwater and surrounding parklands. 
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Architect Rafael Contreras said the design responded directly to its unique coastal setting. 
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“Rather than a typical built form, the architecture has been shaped by performance and experience – from optimising outlook and privacy to creating a strong connection to landscape and climate,” Mr Contreras said. 
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“A central landscaped courtyard allows light, air and greenery to permeate the building, while the articulated façade introduces movement and rhythm inspired by the Broadwater.

“The Isles will create a place where people can gather, relax and connect with the water, while also delivering a refined residential product that responds to its unique setting.”

<img alt="Ignite Projects unveils exciting details of landmark gateway precinct for the Spit" data-entity-type="file" data-entity-uuid="1089570d-1120-4302-9900-fb9f75c75c26" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Isles%205.jpg?VersionId=pl9qmKZNbaL3A7XjmD7sjhLwmXaqzzLZ" /> 
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The DA relates to the residential and public realm components, with a proposed boutique marina to be progressed as part of a future stage, subject to separate approvals. 
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The Isles is being delivered under The Spit Master Plan, a collaborative vision to create a new residential, tourism, leisure, natural environment and cultural heritage hub on the iconic and much-loved peninsula.&nbsp; 
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Ignite Projects has an established track record delivering premium residential projects across the Gold Coast, including The Monaco at Main Beach and Cabana at Palm Beach. 
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Sales for The Isles are expected to commence in coming months from an on-site display suite, with construction targeted to begin later this year, subject to approvals.

Joel Robinson

Ignite Projects unveils exciting details of landmark gateway precinct for the Spit

The Federal Government’s sweeping changes to negative gearing and capital gains tax could trigger an unintended consequence: a surge of investor demand into the new and off the plan apartment sector.

While Treasurer Jim Chalmers has framed the reforms as a way to improve housing affordability and rebalance the tax system, the carve-outs for newly built housing are already positioning off the plan apartments as one of the few remaining tax-effective property investment plays.

Under the changes handed down in the Federal Budget, investors purchasing established properties after budget night will no longer be able to access negative gearing benefits. The Government will also replace the long-standing 50 per cent capital gains tax discount with a new inflation-indexation model and introduce a minimum 30 per cent tax on gains from July 2027.

However, there is a major exemption.

Investors buying new builds, including off the plan apartments, will still be eligible for negative gearing and will be able to choose between retaining the current 50 per cent CGT discount or adopting the new indexed model.

That distinction is expected to reshape investor behaviour almost immediately.

For years, established housing has dominated investor purchases because of its perceived lower risk, immediate rental returns and stronger historical capital growth. But with the tax advantages now heavily skewed toward new housing supply, the economics are changing rapidly.

The Federal Government has been explicit about its intent.

“The housing market and tax system are broken,” Chalmers said ahead of the Budget, arguing that existing concessions were disproportionately rewarding speculation rather than supporting housing supply.

The Government says the reforms are designed to encourage investment into new housing rather than established stock, a move aimed at increasing supply during a prolonged housing shortage.

According to the official Budget papers, limiting negative gearing to newly built homes is intended to “better align tax incentives with housing supply objectives.”

For the apartment development sector, particularly the off the plan market, the changes could become one of the strongest investor tailwinds in years.

Developers across Sydney, Melbourne and Brisbane have spent the past two years battling elevated construction costs, higher interest rates and subdued investor confidence. Many projects have struggled to secure sufficient pre-sales to commence construction, particularly in markets heavily reliant on investor demand.

The Budget changes may now alter that equation.

Investors seeking tax-effective property exposure will increasingly find themselves funnelled toward newly built apartments simply because established dwellings no longer offer the same benefits.

Commonwealth Bank described the reforms as one of the most significant shifts to residential property investment settings in decades, noting that the package is centred around “limiting negative gearing for residential property to new builds” while replacing the existing CGT framework.

That could have profound implications for the apartment sector.

Off the plan apartments already hold several advantages for investors. Purchasers typically secure a property at today’s price while settlement occurs years later, allowing time for capital growth and reducing the upfront capital burden. Brand-new apartments also generally attract depreciation benefits, lower maintenance costs, and stronger appeal to renters seeking modern amenity.

Now, they may also become one of the only residential property types still offering the full suite of historical tax advantages.

Industry analysts expect investor demand to increasingly migrate toward projects that can clearly demonstrate strong rental demand, transport connectivity and long-term supply constraints.

The shift is likely to be particularly pronounced in apartment markets already underpinned by structural undersupply, including inner Brisbane, the Gold Coast, parts of Sydney’s Lower North Shore and select Melbourne precincts where new apartment commencements have collapsed over recent years.

The reforms also arrive at a time when apartment supply nationally remains critically constrained.

Australia is already struggling to meet the Federal Government’s target of delivering 1.2 million new homes over five years. Construction feasibility pressures have delayed or shelved thousands of apartments across the country, particularly as building costs remain elevated and financing conditions remain tight.

Critics of the Budget changes argue the reforms could reduce overall investor participation in the housing market and place upward pressure on rents by discouraging investment in established housing.

Some economists estimate the measures could reduce housing supply over the longer term if overall investor appetite weakens.

However, the Government is betting that redirecting investor capital into new housing supply will offset those concerns.

“To continue to incentivise construction of new housing, investors building new residential properties will be able to choose either the 50 per cent CGT discount or the new arrangements,” the Budget papers stated.

That wording has been closely watched by the development industry because it effectively positions new apartments as the preferred investment class within residential property.

For off the plan developers, the reforms could become a powerful sales tool.

Projects that have increasingly relied on owner-occupier demand may once again attract investors seeking to preserve the tax advantages still attached to newly built housing before the July 2027 changes take effect.

The reforms are also expected to sharpen the divide between established and new housing markets.

Rather than a broad investor retreat from property altogether, many analysts expect a redistribution of capital toward sectors still supported by Government incentives.

That could create stronger demand for apartment projects in key urban growth corridors and transit-oriented precincts where population growth, migration and rental shortages remain elevated.

The policy direction also aligns with the Government’s broader push toward increasing housing density in established urban areas.

Across Sydney, Brisbane and Melbourne, planning reforms are increasingly encouraging higher-density apartment development around transport infrastructure and activity centres. By maintaining tax incentives for new housing, the Federal Government is effectively reinforcing that agenda from a taxation perspective.

For apartment developers who have spent years navigating subdued investor confidence, the changes may ultimately become the catalyst that reactivates parts of the off the plan market.

While the broader property sector is still digesting the long-term implications of the Budget, one thing is already becoming clear.

The era of investors buying established apartments and houses primarily for tax advantages may be ending.

But for off the plan apartments, the investment story may just be beginning.

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Investors to flood off the plan apartment market?

Adding to Chatswood’s growing skyline, <a href="https://www.apartments.com.au/new-apartments/the-anderson-chatswood-54-56-anderson-street-chatswood-nsw-2067">The Anderson</a> is grounded in a simple principle: apartment living in a major centre does not have to come at the expense of space and outlook.

Set on Anderson Street in the heart of <a href="https://www.apartments.com.au/developments/chatswood-nsw-2067">Chatswood</a>, the new residential tower, a collaboration between developers <a href="https://www.apartments.com.au/developers/changfa-group">Changfa Group</a> and <a href="https://www.apartments.com.au/developers/huirong-group">Huirong Group</a> with architecture and interiors by <a href="https://www.apartments.com.au/architects/ajc-architects">AJC Architects</a>, will introduce 122 apartments that prioritise generous proportions, considered orientation, and a strong connection to the surrounding heritage precinct.

The design originated from a Design Excellence Competition, where AJC proposed a building that combines suburban-style apartment scale with the density expected in a transport-rich centre. The development will include more than 1,800 square metres of retail and commercial space at street level, landscaped communal roof terraces, and a ground-floor pocket park framed by canopy trees. Together these elements aim to create a building that integrates with Chatswood’s evolving streetscape while maintaining a strong residential focus.

[smartcode_project:default project_id=151353 project_image_fid=353250]

A key driver behind the architecture was the desire to deliver family-sized apartments rarely seen in the Chatswood market. The Anderson includes a mix of one to four-bedroom apartments, with around 35 per cent of the residences configured as three or four-bedroom homes. At the top of the building, two double-storey penthouses span approximately 200 square metres each, reinforcing the project’s emphasis on scale and long-term liveability for both downsizers and intergenerational households.

Orientation and outlook were central to the planning of the building. The apartments are positioned to maximise views to the north and east across Chatswood’s heritage precinct, with upper levels capturing glimpses of the Pacific Ocean. South-facing apartments gain distant views toward the Sydney CBD and Harbour Bridge, while the building’s configuration intentionally reduces western exposure at lower levels to minimise overlooking toward the nearby railway corridor.

The external design references the character of the surrounding conservation area without replicating it directly. A brick podium anchors the building to the street and introduces a series of architectural portals that draw inspiration from the nearby Chatswood Presbyterian Church. Above this base, the tower shifts to a lighter, more open expression defined by horizontal lines and carefully detailed balconies that balance privacy with outward views.

[smartcode_project:default project_id=151353 project_image_fid=353254]

Toward the top of the tower, AJC introduces a distinctive lantern-like element formed by sliding screens. These screens provide both solar shading and privacy while also creating a visual marker for the building within the Chatswood skyline. The feature reinforces the architectural intent of the project, a structure that is visually refined while still responding to the practical requirements of apartment living.

Inside the residences, interior architecture focuses on clear spatial flow and practical everyday use. Open-plan living areas connect directly to large balconies, extending the internal living spaces outward and allowing natural light to move deeper into the apartments. Kitchens are designed as central working spaces with premium appliances and carefully selected materials, positioned to serve both daily living and entertaining.

[smartcode_project:default project_id=151353 project_image_fid=353256]

Bathrooms follow a similarly restrained design language, using refined fixtures and materials to create calm, functional spaces, while wardrobe areas adopt a gallery-style layout with integrated lighting and generous storage. These elements reflect a broader design approach that prioritises clarity, functionality, and durability over decorative gestures.

Positioned just a short walk from Chatswood Interchange, residents will have direct access to rail, metro, retail, and dining. The Metro extension allows travel from Chatswood to Martin Place in approximately 11 minutes, placing the CBD within easy reach for residents while maintaining the convenience of a walkable North Shore neighbourhood.

One-bedroom apartments at The Anderson start from $1,022,000.

[smartcode_project_cta:default project_id=151353]

How AJC designed The Anderson to bring oversized apartment living to Chatswood

<a href="https://www.apartments.com.au/developers/bridgewell-development">Bridgewell Capital</a> has lodged plans for a major mixed-use apartment development in the heart of Maroubra, seeking a significant uplift in height and density controls to deliver 120 apartments and a 120-place childcare centre near Maroubra Junction.

The State Significant Development application, filed through the NSW Government’s Housing Delivery Authority pathway, covers a 3,270 sqm amalgamated site at 251-257 Maroubra Road and 133-135 Garden Street. The proposal includes a concurrent rezoning that would increase the maximum building height from 12 metres to 35.6 metres and lift the floor space ratio to 4.02:1.

Designed by <a href="https://www.apartments.com.au/architects/bka-architecture">BKA Architecture</a>, the project would replace a mechanic’s workshop and several detached homes with a 10-storey residential building above four basement levels.

The scheme comprises 120 apartments, including 27 affordable housing units to be managed by a community housing provider for 15 years, alongside 203 basement car spaces and 92 bicycle spaces. A childcare centre occupying nearly 900 sqm of floor area would sit at ground level and be capable of accommodating 120 children and 22 staff.

<img alt="First look: Bridgewell plots 120 apartments and childcare centre in Maroubra town centre" data-entity-type="file" data-entity-uuid="038a0639-f9e4-4303-8fcc-d43e73fa480f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bridgewell%20pers.png?VersionId=eGBElxmNqJW.YF3JFYgHTnPgAstdyXR3" />

According to the Design Report, the project has been conceived as a “gateway proposal” that responds to Maroubra’s evolving urban character and its proximity to the town centre.

“Designed to complement the character of Maroubra’s town centre, this gateway proposal features a building scale that matches its surroundings,” the report stated.

“It integrates residential units above a ground-level childcare centre, fulfilling the strategic objectives of the Randwick City Council Masterplan.”

The apartment mix is weighted toward larger residences aimed at families and downsizers, reflecting changing demographics in the Randwick LGA and increasing demand for medium-density housing close to transport and amenity.

BKA Architecture said the proposal seeks to reinforce Maroubra Road as a civic spine while improving the pedestrian experience around the site through landscaping and upgraded public interfaces.

“The design capitalises on the following site opportunities: reinforcement of Maroubra Road as a civic spine, enhancement of pedestrian pathways and the public interface via new landscaping, and strong market demand for two and three-bedroom apartments to support families and down-sizers,” the Design Report noted.

<img alt="First look: Bridgewell plots 120 apartments and childcare centre in Maroubra town centre" data-entity-type="file" data-entity-uuid="ee509779-3c7e-4918-b03d-761c785459d0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bridgewell%20site.png?VersionId=eZC4Ruyn.C7O.Qwfr1SVeP5.ds1c5.66" />

The building has been designed with setbacks and articulation intended to transition between the commercial intensity of Maroubra Junction and the surrounding lower-scale residential neighbourhoods. Communal open space is proposed on level one, while upper-level apartments would secure views towards Port Botany, Maroubra Beach and Sydney’s eastern suburbs.

The development sits around 200 metres east of the Maroubra Junction intersection of Anzac Parade and Maroubra Road, within one of Randwick’s identified strategic centres. The site is close to Pacific Square Shopping Centre, major bus routes, schools, parks and future cycling infrastructure proposed under the Maroubra Junction Masterplan.

The Maroubra proposal aligns with broader NSW Government initiatives encouraging higher-density housing near established centres and transport corridors, particularly where affordable housing is incorporated.

Bridgewell is also working on a <a href="https://www.apartments.com.au/news/qld/goldfields-sets-the-stage-as-quartet-milton-launches">new 55-unit project in Killara</a>.

First look: Bridgewell plots 120 apartments and childcare centre in Maroubra town centre

National diversified developer <a href="https://www.apartments.com.au/developers/goldfields-group">Goldfields</a> has launched its latest Brisbane apartment project, <a href="https://www.apartments.com.au/new-apartments/quartet-milton-33-manning-street-milton-qld-4064">Quartet Milton</a>, marking its entry into the sought-after inner-city suburb just two kilometres from the CBD.

The circa $100 million development will rise 18 storeys and deliver 131 apartments, offering a mix of one, two-, and three-bedroom residences.

Ideally located on Manning Street, Quartet residents will be within 300 metres of Milton Station, 500 metres from the Milton Ferry Wharf, and a short walk to Milton Markets, the iconic Park Road, as well as a range of breweries and cafés.

[smartcode_project:default project_id=108736 project_image_fid=367993]

Designed by architecture firm <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and brought to life by <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>, the building features a simple, gridded façade paired with generous glazing to enhance views, maximise aspect, and capture both sunrises and sunsets from within the apartments and their generously sized balconies.

Residents will have access to a 1,000 sqm rooftop, curated to balance wellness and entertaining, in response to increasing demand for wellness-focused shared spaces.

"We've approached Quartet Milton as a complete lifestyle offering, not just apartments, but a place where the design, amenities, and location all work together in a meaningful way," says Goldfields Managing Director Lachlan Thompson.

"Buyers are looking for that sense of confidence, knowing the vision has been carefully thought through not just by us as developers, but by all our consultants appointed to bring this together, and that it will be delivered to the standard they expect."

[smartcode_project:default project_id=108736 project_image_fid=368000]

Cera Stribley Co-Founder and Managing Principal Domenic Cerantonio said the rooftop is designed to feel like a place "you'd genuinely use every day."

"A 25-metre pool framed by city and mountain views, wellness areas, and private dining spaces for evenings with friends create a setting designed for year-round comfort and effortless Brisbane living."

[smartcode_project:default project_id=108736 project_image_fid=367999]

In addition to the 25-metre pool, the rooftop will include a sauna, cold plunge, fully equipped gym, and zen gardens, all complemented by panoramic views of the city and river.

While the building is expected to appeal predominantly to owner-occupiers, Goldfields anticipates interest from investors seeking strong rental returns, driven by the project's design, location, and the city's projected capital growth in the lead-up to the 2032 Brisbane Olympics.

[smartcode_project:default project_id=108736 project_image_fid=367991]

<a href="https://www.apartments.com.au/developments/milton-qld-4064">Milton</a>, widely regarded as one of Brisbane's most desirable inner-ring suburbs due to its lifestyle offering and proximity to the CBD, has experienced a shortage of new apartment supply in recent years.

Goldfields is already active in the Brisbane residential market through its Ripley Valley masterplanned community, Hayfield. The 109-hectare neighbourhood is already home to more than 300 families and features a large community park.

Plans for the precinct include a 4 km running track, future schools, and retail and commercial amenities, all within a 35-minute drive of the Brisbane CBD.

Goldfields also plans to deliver a new mixed-use tower at 88 Robertson Street in Fortitude Valley, within the James Street precinct. The project will include 16,000 sqm of boutique commercial space, a level of wellness facilities, and a rooftop restaurant and event space, akin to Goldfields House in South Yarra, its flagship mixed-use development on Chapel Street, which is crowned by the Beverly Rooftop bar, one of Melbourne’s best-known venues.

[smartcode_project_cta:default project_id=108736]

Goldfields sets the stage as Quartet Milton launches

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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A five acre resort, Riverglen Chalets, on the north western fringe of the Margaret River townsite has sold for about $3 million.
Nestled amongst huge karri, marri, jarrah and peppermint trees, the <a href="https://www.margaretriverrealestate.com.au/buy-commercial-real-estate/hotel-leisure-27-carters-road-margaret-river-wa-41049132195" target="_blank">27 Carters Road, Margaret River</a> property comprises of 14 timber chalets with private verandahs.
It is close to the town centre, supermarkets, cafes and restaurants.
<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/2017/10/24/Chalet2.jpg" alt="">
Also located on site is a full sized home which provides residence for management, a 10m x 6m shed and a separate function room with bar, barbeque facilities, games and activity equipment.
The site has the potential for increasing the chalets to 20-25 units.
The asset generates a steady returns.
It was sold by Barry Granville of First National.
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Riverglen Chalets, Margaret River sold for $3 million

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An Abbotsford site, currently home to a former National Bank building, has been listed with expectations of more than $3 million.
The <a href="https://www.realcommercial.com.au/property-retail-vic-abbotsford-502597338" target="_blank">261 Victoria Street</a> property comprises a 540 sqm Italianate palazzo style building over two levels on a Commercial 1 zoned site.
According to Teska Carson’s Michael Taylor, who is marketing the property with colleague Fergus Evans, the land at the rear of the building has potential for development.
“The property presents as a great opportunity to capitalise on the very strong demand for new development in Abbotsford. This would potentially involve subdividing the land and developing the rear hardstand component whilst perhaps retaining and/or expanding on current uses over what is a very attractive and presentable commercial building on Victoria Street.”
He said Abbotsford was undergoing gentrification in response to demand, particularly from the residential market, with a large number of new mixed-use developments completed in the immediate vicinity of the property.
The building has been maintained and refurbished over the years and comprises a number of partitioned offices that could easily be adapted to suit various uses.  
 
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jonathanchancellor-7SQnKwU6yx

Former bank site in Abbotsford listed with $3 million hopes 

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Air-conditioning giant Daikin has secured two new industrial trade centres, in Brisbane and the Gold Coast, just before the onset of the summer season.
Daikin had tasked Savills to assist with finding suitable facilities.
The deals were negotiated by Savills’ Shaw Harrison and Callum Stenson.
Both of the new Daikin stores open this month, with the Brisbane store located at 1/210 Robinson Road in Geebung totalling 710 sqm, and the Gold Coast store located at 26 Lawrence Drive in Nerang totalling 809 sqm. 
It will pay a combined rental of $263,750 per annum.
Daikin has committed to a three-year lease on both properties.
“While Daikin were particularly specific with their requirements we identified well over 20 suitable locations after conducting an extensive market search,” Harrison said.
The Geebung property was vacant prior to Daikin signing the lease, and the property owner assisted with renovating the building to suit Daikin’s showroom fit-out requirements. 
“The main road frontage along Robinson Road was exactly what they were seeking for their Brisbane display centre, with other trade-based industry users also located along this busy strip,” Harrison said.
The newly constructed Nerang facility in the Gold Coast was being marketed by GC Commercial after the previous tenant was involved in a major fire which required the building to be completely rebuilt. 
 
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Daikin sets up new offices in Brisbane and Gold Coast ahead of summer

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The most active segment of construction in the June 2017 quarter was civil engineering, with 1,020 projects entering construction at a value of $8.9 billion over the period. 
This also reflects government owned projects, particularly in transport infrastructure, the latest Market Movement report by Cordell noted.
In the private sector, renewable energy project applications and commencements have also led in the civil engineering space. 
<a href="https://www.propertyobserver.com.au/images/2017/10/26/ConstructionOverview.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/10/26/ConstructionOverview.png" alt="">
<a href="https://www.propertyobserver.com.au/images/2017/10/26/CivilEngg.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/10/26/CivilEngg.png" alt="">
<a href="https://www.propertyobserver.com.au/images/2017/10/26/ConstbyVal.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/10/26/ConstbyVal.png" alt="">
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Cordell charts civil engineering as highly active

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A tourist icon of north east Victoria, the five-star resort Villa Gusto, has been listed for private sale with a price tag of $3.85 million as a going concern.
The freehold at <a href="https://dickensrealestate.com.au/3922011/" target="_blank">630 Buckland Valley Road</a> offers a slice of Italy, having been built by Italophile Colin McLaren who took inspiration from the grand lakeside villas and hilltop homes and resorts of northern Italy to create a unique and indulgent country property. 
McLaren was an ex-Victoria Police detective-turned-author.
Its features include Glenrowan granite stone, reclaimed timbers and the classics of marble, internal fittings like hand woven tapestries, artworks and distinctive finishes and fine detailing.
It with its distinctive buildings and all operating facilities is offered for sale on a walk-in walk out basis creating multiple options or choices for a new owner. 
The property has been listed by Ben and Kirsten Edwards having upgraded Villa Gusto’s services, but now want to part with it for personal reasons.
The resort was used solely for Fiat Chrysler Australia's marketing operations since 2013, but the company ended its contract with Ben Edwards's company Vinfinity in 2015. 
The listing agents are DRE Business Brokers, a division of the property agency Dickens Real Estate in Bright. The marketing is being handled by Gerald Gray.
Villa Gusto is offered for private sale in full operational mode or on an effective going concern basis save for some heirloom family items that the vendors wish to retain.
Its features include:
<ul>
<li>a freehold of 5,416 sqm (almost an acre and a half) with bitumen road access that is 12.7 kms from Bright, even closer at 6.8 kms from the delightful village of Porepunkah on the Great Alpine Road with also a local aerodrome.</li>
<li>two buildings housing seven comfortable accommodation units supported by a full commercial kitchen with its own walk-in cool room.</li>
<li>the half circular shape of the Grand Palazzo central entry building faces to the west to give idyllic views and sunsets, across to Mount Buffalo</li>
<li>a solar-heated swimming pool that measures 14 by 8 metres and is edged in Travertine limestone with timber decks, pool furniture and is managed by a European BioTop filtration system.</li>
<li>a separate owner’s accommodation — an apartment with space and services of a size that is ideal for a couple with even a small family.</li>
</ul>
There is also a climate-controlled wine room and cellar with a capacity to house 1000 bottles. Ben Edwards is a noted wine reviewer, show judge and previously President of Sommeliers Australia. 
<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/2017/11/1/Dickens1.jpg" alt="">
Services include 60 solar panels of 15 kW capacity on the roof that transmit power back to the grid.
According to the owners, the peak trading period are summer, spring and the autumn months.
“I don’t think we have pushed the accommodation numbers from visitors and travellers through the high and alpine country so this potential remains to be tapped under new ownership”.
“We are offering the property and business for sale with all operational facilities in place, forward bookings and a complete IT operating software system and website,” Gray said.
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Villa Gusto in the Buckland Valley via Bright is for sale

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Australia is increasingly linked to a fast-growing global population. The populations of Sydney and Melbourne are both expected to <a href="https://www.theaustralian.com.au/business/property/australian-cities-face-great-growth-challenge/news-story/a89da2e7a566bd2c6d03cde4ed377bc7" target="_blank">exceed 8.5 million by 2061</a>. What will Australia’s cities look like then? Will they still be among the world’s <a href="https://chartingtransport.com/2015/11/26/comparing-the-densities-of-australian-and-european-cities/" target="_blank">lowest-density cities</a>?
Such sprawling cities result in economic (productivity), social (spatial disadvantage) and <a href="https://www.sciencedirect.com/science/article/pii/S1877705817316685" target="_blank">environmental weaknesses</a> (including a very big ecological footprint). Can our cities transform themselves to become more competitive, sustainable, liveable, resilient and inclusive?
Australian governments at all levels aspire to these goals, but they require <a href="https://www.publish.csiro.au/book/5854/" target="_blank">multiple transitions</a>. The prospects of success depend on the transformative capacity of four groups of stakeholders: state government, local government, the property development industry, and community residents.
Our <a href="https://www.propertyobserver.com.au/https://www.mdpi.com/2071-1050/9/10/1718" target="_blank">newly published research</a> has found such capacity is lacking, so transformation on the scale required <a href="https://www.aph.gov.au/Parliamentary_Business/Committees/House/ITC/DevelopmentofCities" target="_blank">remains a major challenge</a>. Our research included a survey in Sydney and Melbourne of suburban residents’ attitudes to medium-density living and neighbourhood change – essentially “sounding out” community capacity for change. This article explores some of the findings.
So why do community attitudes in the suburbs matter? The key change involves the form and fabric of Australian cities: from a low-density suburban city to a more compact form characteristic of Europe. This requires regenerative redevelopment: redirecting population and property investment inwards to brownfields and greyfields redevelopment, rather than outwards to greenfields development, and increasing the supply of medium-density housing – the “<a href="https://www.planning.nsw.gov.au/Policy-and-Legislation/Housing/Medium-Density-Housing" target="_blank">missing middle</a>”.
Unlike greenfields and brownfields, however, greyfields are occupied. More intensive urban infill represents a challenge to residents of established suburbs to share their higher-amenity, low-density space. And elected local councillors tend to align with their residents’ resistance to “overdevelopment” and changes in “neighbourhood character”.
<h2>Are attitudes changing?</h2>
In September 2016, the <a href="https://www.swinburne.edu.au/research/urban-transitions/about/" target="_blank">Centre for Urban Transitions</a> surveyed 2,000 Sydney and Melbourne households in established middle-ring suburbs.
Asked “What type of dwelling would you want to live in?”, nearly 60% of residents in both cities favoured a detached house and yard. This is down from 90% in the early 1990s. So, in the space of one generation, attitudes have shifted significantly toward embracing higher-density living.
However, living arrangements extend beyond the dwelling. They include the neighbourhood and wider suburban context. Our survey explored three distinctive living environments:
<ol>
<li>
a separate dwelling with a garden in a suburb with poor public transport
</li>
<li>
a medium-density dwelling with no garden but close to public transport
</li>
<li>
a high-rise apartment in the CBD or surrounding areas.
</li>
</ol>
Responses revealed that when location was combined with housing type, this significantly increased preference for medium-density housing when located in established suburbs with good public transport and access to jobs and services. In both Sydney and Melbourne, 46% favoured this. That was the same proportion as preferred a separate dwelling and garden in a car-dependent suburb. Just 8% opted for apartments.
The question is whether these shifts in preference are reflected in residents’ attitudes to higher-density housing in their own neighbourhoods.
The survey found 71% of respondents were “aware of neighbourhood change in their locality”. This figure was identical for renters and property owners.
Fewer than 10% of residents in both cities think such change is a good thing, but almost 40% understand it has to happen. Just over 10% are neutral. Preference for less or no change sits around 45%.
This suggests capacity to accept change is growing, but it is grudging and not strongly endorsed.
The survey’s final stage probed the extent to which property owners contemplating a move were aware of, or open to, options of selling as a consortium of neighbours. While not common, examples are being reported with value uplifts resulting from lot consolidation ranging from 10% to 100%.
One-quarter of Sydney respondents were open to consolidating property for sale with neighbours. This number was even higher (39%) for investment properties.
<h2>What needs to be done?</h2>
Consolidated lot sales are not part of the business model of most real estate agencies, local government, or property developers.
It’s an area where the property development industry lacks capacity and is still failing to respond to the medium-density urban infill challenge. And state governments are reluctant to extend mid-rise medium-density zones in the big cities beyond designated activity centres and transport corridors.
Supply of well-designed medium-density housing needs to be greatly increased in the well-located, established, low-density, middle-ring suburbs. And it needs to happen at a precinct scale of redevelopment beyond that of knock-down-rebuild. This would enable more innovative, sustainable and aesthetically attractive development.
Infill targets for new housing in Australia’s largest cities range from 65% (Brisbane) to 85% (Adelaide), with Melbourne and Sydney in between. But these targets are not being achieved (not even Perth’s 47%). Greenfield development is still the <a href="https://www.propertyobserver.com.au/https://apo.org.au/node/75359" target="_blank">main demographic absorber</a>.
The Victorian government’s latest metro strategy introduced a new policy direction to “provide support and guidance for greyfield areas to deliver more housing choice and diversity”. That doesn’t alter many residents of these areas remaining resistant to change.
State and local governments need to introduce new statutory planning instruments and guidelines to enable greyfield precinct redevelopment. These are the focus of research in three Commonwealth Co-operative Research Centres (see <a href="https://www.crcsi.com.au/" target="_blank">here</a>, <a href="https://www.lowcarbonlivingcrc.com.au/" target="_blank">here</a> and <a href="https://watersensitivecities.org.au/" target="_blank">here</a>).
In an urban planning system that remains strongly top-down, local government serves as the main interface with local communities and property developers due to its role in planning approvals. Often this is reflected in local government’s gaming of the state government’s residential zoning schemes to ensure housing is “locked up” in minimal change zones. This effectively indicates that more intensive infill housing should happen “somewhere else” (the NIMBY syndrome).
<a href="https://www.constructionedge.com.au/about/" target="_blank">David Chandler</a>, a leading figure in Australia’s building and construction industry, <a href="https://sourceable.net/shutting-the-garage-door-after-the-car-has-bolted/" target="_blank">sums up the challenges</a>:
<ul>
<li>The capabilities needed to design and build small-scaled medium-density housing projects of three to ten dwellings up to three storeys atop below-grade parking have yet to be developed. If medium-density dwellings of the type described here are to make up a third of the housing landscape, a new marketing platform and delivery model will be required.</li>
<li>
<img src="https://counter.theconversation.com/content/84693/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">If governments are seriously minded to harvest the potential of greyfield sites and the urban middle, they will not only need to bring the community along in support of these more modest densification initiatives, they will need to be proactive in making sure the housing industry has the capabilities to deliver them.</li>
</ul>
<a href="https://theconversation.com/profiles/peter-newton-2278" target="_blank">Peter Newton</a>, Research Professor in Sustainable Urbanism, <a href="https://theconversation.com/institutions/swinburne-university-of-technology-767" target="_blank">Swinburne University of Technology</a>
This article was originally published on <a href="https://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/becoming-more-urban-attitudes-to-medium-density-living-are-changing-in-sydney-and-melbourne-84693" target="_blank">original article</a>.
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pt-i5odL9gUVz

Becoming more urban: attitudes to medium-density living are changing in Sydney and Melbourne

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GUEST OBSERVER
The “great Australian dream” of owning your own home is rapidly proving to be an illusion for many in the early 21st century.
In an environment of exceedingly high house prices, groups who don’t have secure, long-term employment are at risk of homelessness, particularly as they age. Single, older women are one such group at increasing risk of being homeless.
While housing policy has neglected this area of concern, recent work is beginning to highlight this gap. Most research has been done in metropolitan areas, but women living in regional Australia merit attention too.
In our study of 47 older women who do not own homes in regional New South Wales nearly all were living on low incomes. Their housing ranged from dingy hotel rooms and makeshift sheds or shacks to rundown flats or housing in regional towns. Only a few lived in reasonable circumstances, including community housing.
We discovered that the women had clear ideas about what sort of housing would suit them as they age. For all of them, stability and security of tenure were priorities. Other aspects of what these women wanted were perhaps more surprising and differed from research findings on older women living in cities.
Why is housing a problem for these women?
In a recent article, we argued that women’s work and family roles in the last century left them economically disadvantaged. Most had interrupted employment histories, lower status and lower-paid jobs than men.
Research shows that women who don’t have a partner generally suffer greater insecurity when they can no longer work, particularly if they don’t own their own homes.
Many single women now have to contend with a rental market in Australia in which the laws tend to be skewed in favour of landlords. Leases are typically short-term and tenants have little security of tenure. An overheated housing market, which encourages speculative investment, makes this insecurity worse.
To make matters worse, the availability of public housing has fallen.
What are their housing priorities?
Our study of older women in the Northern Rivers region of NSW found that only two participants had never had a partner. All but four had borne children.
Their shared desire for stability and security of tenure is understandable, given most had very disrupted housing histories.
Many worried about what would happen to them. Elizabeth said: "It would be just lovely to be somewhere where I know I could stay until I died."
Agnes thought she might end up “in an old school bus on somebody’s property”.
The women also expressed a strong desire for privacy and independence, which many of them called their “own space”. They wanted to come and go as they please. For instance, Anne just wants her “own little space to be private”.
Many women linked their desire for security, privacy and independence to their age and their gender. Jane, for example, associated wanting her own kitchen space with being a woman.
In contrast to some research on this group in cities, our participants insisted they did not wish to share housing with other women. They spoke quite vehemently at times – Susan would rather live in a tent than share housing.
What was surprising was that nearly all the women wanted some sort of garden, even if it was a tiny space. This was almost as important as their need for security and independence.
Finally, the women wanted to have space to accommodate their grandchildren and pets. They saw their role as being able to provide a base for their family and to nurture their grandchildren. This seems to reflect more traditional notions of women’s caring responsibilities, which were more widespread last century when these women were young.
We know that pets play a significant role in fostering mental and emotional health in older people. We also know that describing pets as family members is part of a broader trend in Australia. In our study, one participant minded the “grand-dogs” when her daughter was away.
A few women even said they would rather be homeless that give up their pet, such was their attachment. But, for many, lack of secure tenure and independence meant they were denied this source of emotional security.
The Victorian government has recently announced changes to tenancy laws that will allow renters to keep pets, as well as improve security of tenure. This is a welcome development for Victorians. It must be hoped it spreads to other states.
Preferences have policy implications
Our study emphasises the housing preferences of a regional cohort. Though the desire for secure tenure may be widespread, some preferences such as the expressed need for a garden may reflect regional values.
<img src="https://counter.theconversation.com/content/84780/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">If the housing problems that many single, older women experience are to be solved, housing policymakers need to be informed by research about what makes these women’s lives meaningful and productive.
Yvonne Hartman, Lecturer in Politics and Sociology, Southern Cross University and Sandy Darab, Senior Lecturer in Sociology, Southern Cross University
This article was originally published on <a href="https://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/what-do-single-older-women-want-their-own-little-space-and-garden-to-call-home-for-a-start-84780" target="_blank">original article</a>.
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What single older women want with the great Australian dream

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GUEST OBSERVER
On Monday night Four Corners asked Australia to consider “What’s wrong with the NBN?”.
Prior to the episode airing, a lot of the debate focused on the NBN’s business model, and that it may not be profitable.
I, however, am not sure if the financial returns need be our biggest concern when referring to public service and critical infrastructure. My answer to the question “what’s wrong with the NBN?” is quite simple: the NBN is inequitable.
A “train wreck”
This week started with a fiery speech delivered by the Prime Minister, Malcolm Turnbull. He said the NBN was a mistake, blamed the former Labor government for the set up, and described the NBN’s business model as a “calamitous train wreck”.
Turnbull’s remarks triggered a number of responses, including one from former Labor Prime Minister, Kevin Rudd. He attached responsibility of NBN’s failure to the current government, as they “changed the model completely” compared to the original design.
More broadly, the Four Corners program itself created mixed reactions on social media. It was criticised for being “weak”, and not “challenging enough”, but also praised as “exceptional”.
I find it incredibly frustrating to see a national critical infrastructure project diminished to political ping pong. In my opinion, bipartisan commitment is required in order to deliver an equitable NBN for all Australians.
Inequity from the start
Introduced by Labor, the original NBN was announced in April 2009. The plan was to provide terrestrial fibre network coverage for 93% of Australian premises by the end of 2020, with the remaining 7% served by fixed wireless and satellite coverage. In other words, Labor’s NBN was mainly equitable in terms of the advanced technology adopted across the board.
However, research on the early NBN rollout pointed out the issue of timing. Even under the most optimistic estimations, it was going to take over a decade to build the nation-wide infrastructure. So, there were always questions about who was going to get the infrastructure first, and who had to wait over a decade for a similar service.
The results of the 2013 Federal election changed the fate of the NBN. The elected Coalition government decided the NBN rollout should transition from a primarily fibre-to-premises model to a mixed-technology model.
<img src="https://images.theconversation.com/files/175122/original/file-20170622-3031-jt1gt9.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
Various/The Conversation, CC BY-D
FTTP = fibre to the premises; FTTN/FFTB = fibre to the node/basement; HFC = Hybrid Fibre-Coaxial
This added to the complexity of the NBN, and created new layers in the inequality concerns around the NBN. In the Coalition’s NBN, many could be waiting quite some years and yet still only receive a lower quality level of access to the service.
Now we’re past the halfway point of NBN delivery, and inequality of the service is clear at two levels.
Large scale
Recent research shows there is a clear digital divide between urban versus regional Australia in terms of access to the NBN. Regional Australia is missing out, both in terms of pace and quality of delivery in the mixed-technology model. This pretty much means that WA and NT are the worst off parts of the nation, because of the spread and dominance of regional and remote communities within them.
“Fine grain” scale
As described on Four Corners, mixed-technology NBN within local government areas and neighbourhoods means some people are better off than others.
Some receive fibre-to-premises service while others have fibre-to-node. The quality of the service also depends on how far someone lives and works from a node, which basically suggests even people on the same fibre-to-nodes service could have varied level of (dis)satisfaction with their internet and phone services.
Research published in 2015 captured some of the frustrations on the ground at the local government level. Differing qualities of internet services available were perceived to have direct implications for local economic development, productivity, and sense of community at the local level.
The two layers of NBN inequality mean that while some customers may be happy with their NBN, many experience a frustrating downgrade of service after moving to the NBN. This may help explain the increase in the number of NBN complaints across the nation.
Let’s start moving forwards
Politicising the NBN and blaming one party over another has been part of the national misfortune around the NBN. But, I believe, the inequality of the NBN is part of a bigger trend in infrastructure decision making in Australia that fails to fully account for the socioeconomic implications. Other examples of this trend are seen in major (controversial) transport projects around the nation (e.g. East West Link in Melbourne, WestConnex in Sydney).
Current and future Australian governments must accept responsibility, and find a way forward for the NBN that is built on the notion of equitable service.
We can start with questions such as who needs the service the most, and who can do the most with it. These two questions refer to the social inclusion and productivity implications of the NBN.
<img src="https://counter.theconversation.com/content/86221/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">The NBN, as a publicly funded national infrastructure project, has to be equitable to be a truly nation building platform. As long as it is failing some, it is failing us all as a nation.
Tooran Alizadeh, Senior Lecturer, Director of Urban Design, University of Sydney
This article was originally published on <a href="https://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/turnbulls-government-must-accept-responsibility-for-delivering-an-equitable-nbn-for-all-australians-86221" target="_blank">original article</a>.
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Turnbull's government must accept responsibility for delivering an equitable NBN: Tooran Alizadeh

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Savills have listed a Melbourne city fringe development opportunity.
Designed by Fender Katsalidis Architects, <a href="https://commercialpropertysearch.savills.com.au/searchdetailplainnew2noborder.aspx?id=05a59360-50c7-e611-80c4-005056816dfc&amp;jt=For%20Sale&amp;com=False&amp;ret=False&amp;ind=False&amp;lan=False&amp;addr=68%20Buckhurst%20Street%20South%20Melbourne%20%20VIC%203205" target="_blank">68 Buckhurst Street</a>, South Melbourne is a mixed use project. 
The near hectare site comes with a newly approved permit for a landmark mixed-use development permit that allows for 1,004 apartments over four towers.
It is listed through Savills agents Benson Zhou, Nick Peden and Jesse Radisich, in conjunction with Colliers.
The 9,478 square metre site has three street frontages bounded by Kerr Street, Buckhurst Street and Gladstone Place, South Melbourne. 
It has view corridors toward CBD/Southbank, Royal Botanic Gardens, and Port Philip Bay.
It was 2014 when the then Minister granted a permit for the proposal, subject to conditions, but the land and permit were later sold.
The subsequent owners then prepared an amended proposal. 
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Landmark Fender Katsalidis South Melbourne development site listed

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Bayleys, New Zealand’s leading commercial and industrial real estate agency, has re-signed its affiliate status with commercial real estate firm Cushman &amp; Wakefield. 
Bayleys Real Estate managing director Mike Bayley said the branding partnership with Cushman &amp; Wakefield was a winning ‘two-way’ street for both businesses. 
Bayleys is the largest privately owned real estate company in New Zealand with more than 1800 staff, which combined with Cushman &amp; Wakefield’s global reach and 45,000 employees around the world would provide its clients with more access to commercial real estate markets around the world
The joint reach of Bayleys and Cushman &amp; Wakefield in New Zealand would have 4,480 properties under management, totaling 7.8 million sqm. It will have a $2.3 billion commercial property portfolio across 83 offices and 2,000 employees.
“Real estate is essentially about who you know. Being part of Cushman &amp; Wakefield’s global alliance means a lot more potential buyers and tenants around the world can be introduced to the New Zealand property market by their trusted local real estate professional.... be they in Beijing, Sydney, Mumbai, London, Paris, or New York,” Bayley added.
Cushman &amp; Wakefield’s New Zealand integrated facilities management managing director, Paul Amato, said the company’s 71-year old business in the country was founded in facilities management, project management and trades services to both the corporate sector and major government departments.
“Our specialist knowledge of engineering, maintenance, sustainability and asset management is something that we can offer to Bayleys’ client base,” said Amato.
Bayley said the agency’s full-service product suite – encompassing sales and leasing, valuations, property management, and property operations advisory resources - also dove-tailed into the requirements of Cushman &amp; Wakefield’s international customers looking for representation in New Zealand. 
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