<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.

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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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The ASX-listed property fund manager GDI Group has sold its A-grade commercial office tower at 66 Goulburn Street in Sydney CBD.
It has been sold to the Singapore real estate firm Ascendas-Singbridge for $252 million.
The 24 floor building has 22,929 square metre of space.
Its tenants include Samuel Griffith Chambers, Government Property NSW, Prudential Investment Co, William Buck and the Copyright Agency.
The tower was acquired in 2014 for $136 million when the building had over 6000sq m of vacancy and expiring leases including one for 10,432sq m.
GDI has since leased, renewed or agreed to lease all its net lettable area.
The property is opposite the recently sold 59 Goulburn Street tower, bought by Fortius Funds Management for $158 million.
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j.ballantyne1990-6AQqhLzZaK

GDI sells 66 Goulburn Street for $252 million

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The first hotel on sale under NSW's new 75 percent strata renewal rule is Sydney's Seasons Harbour Plaza hotel in Darling Harbour.
The new legislation came into force in November and forces strata unit owners to sell if 75 percent agree.
An AFR report noted most of the strata asset's owners – more than 90 – have agreed to sell the 119-room hotel at 252 Sussex Street in one line for a price of about $70 million.
Gus Moors , Colliers International's head of hotels, said in one of the most tightly held markets in the country, the sale of Seasons Harbour Plaza Sydney represents an incredibly rare opportunity to secure a hotel asset with immense opportunity.
The hotel is 446 sqm, 19-floor hotel and has rooms ranging from a 30 sqm studio to a 157 sqm loft penthouse. It is leased to the Seasons Apartment Hotel Group. 
The hotel's recent room sales have been sparse. Room 803 sold in 2015 for $625,000.
It originally sold for $305,000 in 1997.
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First hotel on sale under NSW's new 75 percent strata renewal rule

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Property investors in Canberra now have to do more to secure a good investment, according to Herron Todd White’s latest August report.
The property data firm says that this is due to first home buyers having more options.
“Recent changes to lending and legislation, aimed at enabling first home buyers to enter the market, has had an effect on property investors looking to expand their portfolios.
“These measures were introduced in an effort to allow first home buyers to be more competitive in a heated market.
“As a result, property investors looking for an asset with good yield and growth will have to do their research and be willing to go the extra mile to secure a pro table investment.
“Unlike other states, the ACT has not introduced a scheme which cuts stamp duty for first home buyers.
“There are some incentives available via the government and private developers however nothing similar to those in New Sourth Wales and Victoria,” the report stated.
An increase in the number of apartments have resulted in slow growth for this market Herron Todd White commented.
“With the increased supply of apartments coming onto the market over the next year, the ACT has seen relatively slow growth for this style of property with some properties loosing value.
“However, rental demand for apartments has remained strong despite the increase of supply.
“If property investors are chasing yields and not capital growth, purchasing a new apartment may be a good option.
“This is particularly relevant for apartments in the CBD and district centres such as Woden, Tuggeranong, Belconnen and Gungahlin.
“It should be noted that new apartments in Molonglo Valley, Gungahlin and Tuggeranong may experience low to no capital growth over the next few years due to increasing supply,” the report commented.
A two bedroom apartment at <a href="https://www.realestate.com.au/property-apartment-act-curtin-421762474" target="_blank">16/1 Waddell Place</a>, Curtin (above) is available for rent for $400 per week.
Built in 1995 the property was last sold in 1999 for $149,750 before being rented in 2014 for $345 per week.
Another two bedroom apartment at <a href="https://www.realestate.com.au/property-apartment-act-braddon-421756402" target="_blank">30/11 Ijong Street</a>, Braddon (below) is available for $450 per week.
<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/2017/08/09/30_11%20Ijong%20Street.jpg" alt="">
Rental yields for detached housings remain steady Herron Todd White advises.
“Rental yields in detached housing have remained steady but like other capital cities, capital growth has been very strong.
“An option for investors in the ACT may be to purchase a vacant block through the Mr Fluffy Asbestos Removal Scheme.
“There are several hundred blocks being introduced to the market most of which are in sought after established areas.
“Land banking one of these blocks and either selling or developing later may be a pro table option providing investors are able to cover the initial costs.
“However, developers should be wary of the changes to the Lease Variation Charge which took effect on the 1st of July 2017.
“These changes have significantly increased the fee required to build multiple units on residential blocks,” the report advised.
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Savvy Canberra property investments harder to secure: HTW

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Perth-based fund manager Mair Property Funds (MPF) are set to buy two commercial properties in Melbourne for a combined $20.3 million.
The properties are in Ravenhall and Altona North.
The Ravenhall property, in the Orbis Business Park was built in 2010 and has a land area of 13,930 square metres. The 6,888sqm building is occupied by Australian Pipe and Tubing with a 15-year lease until 2031.
The Altona North property is an industrial warehouse built in 2008 with a land area of 18,410sqm. The 10,056sqm building is occupied by Grace Records Management with a recently agreed 8-year lease that expires in 2025.
Peter Melling, MPF acquisitions manager said the two high-quality assets were identified for their favourable locations and strong lease agreements, which would help bolster the trusts revenue security and income diversity.
“Altona is becoming an increasingly important logistics hub due to its proximity to the Melbourne Port and access to the Princess Freeway and Western Ring Road,” he said.
“Similarly, Ravenhall is a rapidly growing suburb part of the West Growth Corridor Plan, where the population is expected to increase from 210,000 in 2016 to 377,000 people.
“Both properties also offer strong lease covenants with reliable tenants providing investors with a steady income stream.”
Upon completion of the acquisition, the properties will be included in MPF’s Diversified Property Trust, which already holds four commercial assets.
These include a retail premise in Maraoochydore (Queensland), a medical facility in Ellenbrook (Western Australia), an industrial premise in Henderson (Western Australia) and a retail industrial premise in Lynbrook (Victoria).
The acquisition of the Ravenhall and Altona North assets takes the value of properties under management by MPF to $208 million.
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jonathanchancellor-7SQnKwU6yx

Fund manager Mair Property secures two Melbourne commercial properties in $20m deal

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Victor Island in the Whitsundays is on the market for $3.5 million.
Vendors Paul Sullivan and wife Megan <a href="https://search.savills.com/en-com/property-detail/aus0000025074#/r/detail/AUS0000025074" target="_blank">purchased the island two years ago</a> and have since renovated.
It features a four-bedroom beach cottage on three hectares facing the Coral Sea
Wayne Holmes, Savills Residential lead agent said the island, situated about 50km south of Hamilton Island, said the asking price includes all furniture, equipment, the boat, tractor and more.
"The new owners could easily get DA approval for another house on the island, which would be ideal for family and friends, or to rent out as a holiday home, meaning it could also generate more income alongside the B&amp;B,” he said.
Vendors Paul Sullivan said when he purchased the property it looked like it was stuck in the ‘80s even though it was built in 1996,” he said.
“It was so dated. We completely renovated the whole island and had a fantastic cremation of the old furniture.
“We gutted the place inside and out – adding a new kitchen, new flooring, repainted, new furniture and we also replaced the deck.
“Everything had to be shipped over by barge.” 
“There are many beautiful islands in the Whitsunday and Coral Coast areas of Queensland but what sets Victor Island apart is that you can come ashore and literally drop your bags and start enjoying the lifestyle from that moment onwards.
“There are no renovations or repairs to be done. There is no infrastructure to create and there is no equipment or furnishings to buy. All that work has been done and virtually all of the equipment on the island is still under warranty.
“One of the key features that sets our island apart from others in the area is that it is all ours … we don’t share it with anybody,” Mr Sullivan said.
“Another is its location. It’s not in the middle of nowhere. A lot of others in the Whitsundays are isolated and you can only get there by a very long boat trip or flights. But Victor Island is less than two kilometres from the mainland and you can get there from a number of boat ramps including Grasstree Beach, Campwin Beach and Hay Point.
“It’s so peaceful here. If you’ve had one of those months, or years even, you can come here and it just melts away. And yet you still have all the comforts of home – you won’t miss the next episode of Game of Thrones.”
“Sitting on the private white sandy beach you can see whales and dolphins and turtles, which sometimes nest on the beach. And I actually saw a seal once.
“Some of the best fishing in Queensland can be had here including red emperor and barramundi, and oysters grow wild on the rocks so you can go down there and chisel them off and throw them on the camp fire for dinner.”
Renovations included the four-bedroom, two-bathroom home with king and queen ensembles, with unique retractable blade ceiling fans in the bedrooms and airconditioning to the master. 
It includes a fully self-contained and completely renovated caretaker’s cottage, with a new kitchen and bathroom.
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Own a Whitsundays island for $3.5 million

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Singaporean developer Tong Eng Group has paid $116.3 million for a St Kilda Road tower.
The building on 5 Queens Road, was built in 1989and features new end-of-trip facilities with 104 lockers and 56 bike racks; floor plates of 1,680sqm and 325 bays across two levels of basement car parking.
Located opposite Albert Park, the 11-storey tower has a net lettable area of 17,500sqm and tenants such as Unico Computer Systems, Beca and Shape.
CBRE’s Michael Andrews, Luke Etherington and Kiran Pillai – in conjunction with Colliers’ Leigh Melbourne and Nick Rathgeber – managed the sale campaign on behalf of Charter Hall.
Trent James, CHOT fund manager, said recent divestments, including Queens Road, provides an opportunity to divest non-core assets above book value, with capital to be redeployed into core CBD acquisitions.
“This transaction reconfirm the CHOT’s focus on being an active seller in order to enhance returns for our capital partners,” he said.
Some $9 million has been spent on upgrades since 2011 with the building now having the only 5 Star NABERS rating in the area.
CBRE’s Mr Andrews said the strong sale result, which reflected an initial yield of circa 5.6 percent, highlighted the strength of demand for quality assets in the precinct.
“Charter Hall has completed a significant capital works program and leasing project on the building in recent years, which has positioned the asset as best in class,” Mr Andrews said.
“This strategy underpinned strong interest from both offshore and local groups and ultimately delivered one of the sharpest ever sale results within the precinct.
Terence Teo, Director of Feature Queens Pty Ltd (a unit of the Tong Eng Group), said the building is at a fantastic location at the confluence of Queens Road, Kingsway and St Kilda Road, and offers unrivalled protected views over Albert Park and Port Philip Bay.
 
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Singaporean developer Tong Eng Group buys St Kilda Road tower

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A car wash with potential for further development in Dandenong North in Melbourne’s south-east has sold for $1.9 million on a 6.25 percent yield.
The nearly 1,400 sqm site at <a href="https://www.raywhite.com/vic/dandenong-north/1658552/?lang=en" target="_blank">99-101 Gladstone Road</a> was sold to a private investor by Ray White Commercial's Ryan Trickey and Ben Ainsworth.
The sale following an expression of interest campaign.
Trickey said the property provided a secure commercial investment opportunity as the property enjoyed main road exposure and a well-established car detailing business tenant returning net rental of about $115,000 per annum.
“With an increase in high density living around Melbourne's activity centres, car wash businesses are a great place to invest,” Trickey said.
“Find one on a corner or in high profile location and cash flow should be secure as a good car wash should be easy to lease and retain tenants.”
Trickey said car wash assets can deliver strong returns in comparison to other investments. The property has development upside subject to council approval.
“A site such as the Gladstone Rd one is returning net rental of approximately $115,000 per year which is a lot stronger than the $40,000 gross rent you might receive from two adjoining rental houses in the same location.”
The tenant is on a five-year lease with a further option of 5 years. 
There are fixed annual 4 percent increases.
Ainsworth said the six-bay car wash is on the major intersection of Gladstone and Heatherton roads and benefits from both homebound and inbound traffic.
“Residential and commercial development in this area is well documented, both landlord and tenant should gain from the increase in consumers in this area,” he said.
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Car wash in Melbourne's Dandenong changes hands for $1.9 million

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A securely tenanted medical facility in Melbourne’s outer suburb of Frankston has sold for $3.1 million to a local developer.
The property at <a href="https://www.realcommercial.com.au/property-offices-vic-frankston-502150406" target="_blank">5 Hastings Road</a> was marketed by Colliers International’s Ben Baines and Adrian Rowse, who said they fielded more than 100 enquiries following  an expressions of interest campaign.
“The campaign generated in excess of 100 strong enquiries,” Baines said.
“We received 14 genuine expressions of interest before an eventual sale to a local developer, who may look to refurbish or redevelop for the tenant.”
The property is leased to Australian Clinical Labs on a five-year triple net lease, thus promising a steady income stream for the near future.
The Uniradiology Frankston site has an area of 1,821 sqm and generates a passing net income of $192,850 p.a.
Rowse added that property’s location opposite Frankston Hospital appealed to prospective buyers.
 
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Medical facility in Melbourne's Frankston changes hands for $3.1 million

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<h3 class="post-title entry-title"><a href="https://petewargent.blogspot.com.au/2017/08/melbourne-land-sales-hit-fastest-pace"></a></h3>
<div id="post-body-3574513154739070757" class="post-body entry-content">The trend result for new motor vehicle sales rose to 101,083 in July, the highest on record.</div>
<div class="post-body entry-content"> </div>
<div class="post-body entry-content">
<a href="https://www.propertyobserver.com.au/images/2017/08/17/B1.jpg" target="_blank">Click to enlarge</a> <div class="separator"><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/2017/08/17/B1.jpg" alt=""></div>
 <div>The recent surge has largely been accounted for by Victoria, where new units sold are +4.4 per cent higher year-on-year in seasonally adjusted terms at 28,349.</div>
<div> </div>
<div>Victoria is the home of arguably the most vibrant economy in the country right now: Greater Melbourne.</div>
<div> </div>
<div>South Australia has also been improving steadily, with seasonally adjusted new vehicle sales +8.1 per cent higher over the year at 6,269.</div>
<div> </div>
<div>In annualised terms, New South Wales has racked up 397,652 unit sales, which is the highest figure ever recorded for any state. </div>
<div> </div>
<div><a href="https://www.propertyobserver.com.au/images/2017/08/17/B2.jpg" target="_blank">Click to enlarge</a></div>
 <div class="separator"><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/2017/08/17/B2.jpg" alt=""></div>
 <div>Sports utilities continue to dominate the sector, and are all set to overtake passenger vehicles as the most popular choice over the months ahead, which has been an extraordinary progression. </div>
<div> </div>
<div><a href="https://www.propertyobserver.com.au/images/2017/08/17/B4.jpg" target="_blank">Click to enlarge</a></div>
 <div class="separator"><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/2017/08/17/B4.jpg" alt=""></div>
<div> </div>
<div>Meanwhile production continues to plummet as the domestic auto industry winds up, and the overwhelming bulk of new vehicles going forward will be imported. </div>
<div> </div>
<div><a href="https://www.propertyobserver.com.au/images/2017/08/17/B3.jpg" target="_blank">Click to enlarge</a></div>
 <div class="separator"><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/2017/08/17/B3.jpg" alt=""></div>
<div> </div>
<div>The wrap</div>
<div> </div>
<div>Overall, these were more strong numbers indeed for new vehicle sales, with the Victorian economy once again shining. This is leading in turn to a starburst of population growth and demand in Melbourne.</div>
<div> </div>
<div>Oliver Hume reported that the average time on market for vacant land sales in Melbourne continued a precipitous drop from 200 days in Q4 2012 to a fresh all-time low of just 30 days in Q2 2017. </div>
<div> </div>
<div>Blocks have never been snapped up at anything like this speed before across the history of the data series. </div>
<div> </div>
<div>Demand has been strong locally, with anecdotally even some Sydneysiders now relocating to Melbourne for cheaper housing. </div>
<div> </div>
<div>The median price of land in Metropolitan Melbourne increased by +2.3 per cent in the quarter to $268,000 according to Oliver Hume, with the average lot size declining.</div>
<div> </div>
<div>Land prices per square metre increased by $14 to $654. </div>
<div> </div>
<div>
PETE WARGENT is the co-founder of <a href="https://allenwargent.com/" target="_blank">AllenWargent</a> property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank">blogger</a>.
His latest book is <a href="https://www.bigskypublishing.com.au/Books/General-Interest/Four-Green-Houses--and-a-Red-Hotel/1015/productview.aspx" target="_blank">Four Green Houses and a Red Hotel</a>.
</div>
</div>
<h3 class="post-title entry-title"><a href="https://petewargent.blogspot.com.au/2017/08/melbourne-land-sales-hit-fastest-pace"></a></h3>
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pwargent-M4siyDbqQY

Melbourne land hits fastest sales pace on record: Pete Wargent

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A heritage-listed church in Sydney’s inner suburb of Redfern has been listed for auction with expectations of between $2.5 and $3 million.
The Uniting Church is selling the Tongan Parish church at <a href="https://www.commercialrealestate.com.au/property/118-regent-street-redfern-nsw-2016-2013759335" target="_blank">118 Regent Street, Redfern</a>, as maintenance is becoming expensive.
The Gothic-style church, built in 1872, will go to auction on September 6 through CBRE.
The site is zoned B4 mixed use and the zoning allows for education, commercial or residential use.
The listing agents are Peter Vines and Stephen Grant of CBRE.
“This Victorian Gothic Church is an extremely unique opportunity within South Sydney, as it’s zoned B4 mixed use, so it will suit savvy owner occupiers, investors and developers,” Grant was quoted as saying by Fairfax Media.
Vines said the ”striking architecture and the proximity to the city” made it ”unique”.
“It would be an unbelievable creative office space for the right person,” he said.
The floor area is 360 sqm.
<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/2017/08/15/Church1.jpg" alt="">
The site also had rare ‘place of worship’ rights which was expected to draw interest from other church groups, he said.
The Regent Street church has Local Heritage listing, meaning that its facade, wooden staircase up to the tower and wooden altar would all have to be maintained as part of new designs.
According to the heritage listing, the church took four years to build and cost £1000, which was paid for by the congregation.
It has 360 square metres of floor space, two street frontages and is 300 metres from Redfern train station. 
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