Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

Joel Robinson

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

&nbsp;

Developer GURNER™ Group has revealed $1.65 billion in residential sales nationally across the 12 months to December 2025, driven largely by the continued momentum of its Docklands wellness-focused precinct, Elysium Fields.

The sales result was generated across seven projects in Victoria and New South Wales, headlined by Elysium Fields, GURNER™’s $2.75 billion mixed-use precinct planned for Harbour Esplanade in Docklands.

The project has recorded more than $500 million in sales across the first three towers, equating to around 580 apartments sold.

The first tower, Helios, has now sold out of its 240 private residences, with GURNER™ preparing to release a premium penthouse collection comprising 15 three-bedroom penthouses in coming weeks.

[smartcode_project:default project_id=144441 project_image_fid=370975]

Elysium Fields is being developed on the long-held 20,000 sqm Docklands site at 208-226 Harbour Esplanade, which had remained undeveloped for more than two decades prior to GURNER™ taking over the project around four years ago.

Construction has now commenced across four towers ranging between 18 and 30 storeys, with Hamilton Marino and Maxcon appointed as builders.

Once complete, the precinct is expected to comprise around 1,100 residences, alongside retail, hospitality and public realm uses integrated throughout the site.

[smartcode_project:default project_id=144441 project_image_fid=370981]

Designed by Fraser &amp; Partners in collaboration with GURNER™ Design House, the project has been positioned around the developer’s broader focus on wellness-led residential living.

“We don’t sell apartments. We create a true luxury lifestyle that simply doesn’t exist elsewhere in the market today,” Founder and Executive Chairman Tim Gurner said.

“To deliver that requires an extraordinary level of detail, coordination and discipline across multiple verticals, from design and hospitality through to wellness and service.”

“We’ve always believed that living extends far beyond the physical residence. It’s about how you feel the moment you arrive, how you live day-to-day, and the ecosystem that supports that.” 
[smartcode_project:default project_id=144441 project_image_fid=370977]

The project’s design places a heavy focus on landscaping, wellness amenities and biophilic design principles.

Plans include around 3,700 sqm of landscaped gardens and open space throughout the precinct, alongside a retail and dining offering spanning approximately 5,000 sqm.

The broader public realm strategy centres around what GURNER™ describes as the “Path of Life”, an urban forest and landscaped pedestrian environment intended to connect the various buildings and wellness spaces across the precinct.

The apartments themselves will incorporate a range of wellness-focused inclusions, including purified air and water systems, circadian lighting, antimicrobial surfaces, and optional in-home wellness upgrades.

[smartcode_project:default project_id=144441 project_image_fid=370980]

Gurner said the company’s experience through its Saint Haven wellness clubs had directly informed the residential offering now being incorporated into Elysium Fields.

“We’re seeing a clear global shift toward longevity, performance and proactive health,” Gurner said.

“Our role is to deliver that in a way that feels seamless, highly private and beautifully resolved within the environments we create.”

A large component of the wellness offering is planned through the resident amenity and health facilities proposed within the precinct.

That includes plans for bathing and recovery facilities spread throughout the towers, incorporating mineral pools, saunas, steam rooms, flotation therapy, red light therapy and wellness lounges.

The developer is also seeking approvals for what it describes as a “reverse ageing medical clinic” within the precinct.

[smartcode_project:default project_id=144441 project_image_fid=370978]

According to project information released by the group, the proposed facility would include cryotherapy, IV infusion therapy, infrared and dry saunas, PEMF beds, MRIs, DEXA scans, brain scans and blood analysis services.

Within the first tower, Helios, residents will also have access to a dedicated amenity offering known as the Sky Private Club.

The upper 15 levels of the building will include private lounges, dining spaces, rooftop amenities and optional private wellness studios integrated within residences.

The Helios tower itself comprises 260 apartments ranging between 60 sqm and 300 sqm, including a collection of penthouses.

That includes a planned two-storey penthouse spanning around 600 sqm with uninterrupted bay views.

The Elysium Fields precinct is being delivered in partnership with Digital Harbour Holdings, a consortium that includes the Liberman family, which controls the development rights across the Docklands site.

[smartcode_project:default project_id=144441 project_image_fid=370979]

The sales result comes as GURNER™ continues expanding its national development pipeline beyond Victoria.

“We have a strong pipeline across Australia and are now focused on scaling into key markets including New South Wales and Queensland, while continuing to build on our Melbourne base,” Gurner said.

“We currently have more than $3 billion in the market, growing to over $5 billion by October, and expect to materially outperform last year in the 2026 calendar year.”

The result also reflects the continued strength of the upper-end apartment market in Melbourne, particularly for owner-occupier-focused product with large-scale amenity and lifestyle offerings.

[smartcode_project_cta:default project_id=144441]

Record result anchored by the Group’s “utopian” Elysium Fields precinct – defying market headwinds in Docklands.

Elysium Fields drive Gurner to $1.65 billion in apartment sales over 2025

National Australia Bank (NAB) will fund <a href="https://www.apartments.com.au/new-apartments/palmera-residences-gold-coast-18-garfield-terrace-surfers-paradise-qld-4217">Palmera</a>, a $1 billion, 52-level luxury residential tower being developed by Central Equity in one of the Gold Coast’s most tightly held coastal locations at Northcliffe.

The project, launched recently by <a href="https://www.apartments.com.au/developers/central-equity">Central Equity</a>, one of Victoria’s largest private residential developers, comes at a time when construction funding for large residential developments has become increasingly competitive as lenders tighten exposure to the sector.

Multiplex has been appointed the builder, and construction is now underway.

[smartcode_project:default project_id=108274 project_image_fid=365784]

Since its first project, Central Equity has delivered more than 85 residential developments with a combined end value exceeding $8 billion.

Palmera reflects Central Equity’s growing focus on the Gold Coast luxury apartment market and continues a relationship between Central Equity and NAB that dates back to the late 1980s, when the bank funded one of Melbourne’s earliest inner-city residential towers at a time when high-rise apartment living in the CBD was largely unproven.

“NAB’s funding of Central Equity’s $36 million CBD development in the late 1980’s to the financing of the billion-dollar tower today highlights the long-term relationship between the two organisations in delivering major residential projects” said Central Equity Founder and Chairman Eddie Kutner.

He said NAB’s early support was instrumental in helping establish the company’s development model.

“When we commenced our first residential tower in the late 1980s the concept of funding off-the-plan apartments was still largely untested in Australia,” Kutner said.

“NAB recognised the opportunity early and supported the project when others were uncertain. That relationship has now continued for more than 37 years across many developments.”

[smartcode_project:default project_id=108274 project_image_fid=365771]

Central Equity was established in 1987 when Melbourne’s CBD and Southbank precinct were still dominated by warehouses and commercial buildings. Fewer than 100 residents lived in Southbank at the time, and large-scale residential development in the inner city was not widely considered.

Recognising changing demographics and lifestyle preferences, the company began developing high-rise residential projects designed to bring permanent residents into the city centre.

Central Equity has provided accommodation for approximately 40,000 residents across Melbourne’s CBD and Southbank, while also incorporating supporting infrastructure including essential lifestyle facilities like retail spaces, childcare facilities and neighbourhood activity centres.

Central Equity has spent many years assembling the Palmera development site on the corner of Garfield Terrace and Frederick Street in Northcliffe, creating a supersite of around 3,300 sqm.

The developer said the Palmera apartment tower reflects its long-term view of the Gold Coast as a growing and increasingly diversified economy.

[smartcode_project:default project_id=108274 project_image_fid=365768]

Supported by infrastructure including the light rail network, major road upgrades expanded education, hospital and medical facilities and continued expansion at the Gold Coast Airport with more international and domestic flights.

Positioned in the tightly held Northcliffe precinct, the 52-level tower will deliver 347 apartments, targeting buyers seeking a high-end coastal lifestyle, from downsizers to interstate investors.

Designed by Marchese Partners with interiors by DBI, Palmera has been conceived as a next-generation residential offering, featuring a collection of oversized apartments, with premium three-bedroom residences offering sweeping northern views stretching from Surfers Paradise through to Burleigh Heads.

[smartcode_project_cta:default project_id=108274]

NAB funds $1 billion Surfers Paradise apartment development, Palmera

Two years after completing one of the newest developments in North Sydney, developer <a href="https://www.apartments.com.au/developers/aqualand-australia">Aqualand</a> is turning its attention to the rapidly evolving St Leonards apartment market.

The developer, which completed AURA by Aqualand on North Sydney's Walker Street, has lodged plans for a 5,918 sqm site at <a href="https://www.apartments.com.au/new-apartments/33-37-herbert-street-st-leonards-nsw-2065">33-37 Herbert Street, St Leonards,</a> seeking approval for a pair of residential towers rising above a shared podium opposite Royal North Shore Hospital.

The proposal forms part of the broader transformation underway across the St Leonards-Crows Nest precinct, where former industrial and commercial sites are increasingly being redeveloped into high-density mixed-use projects tied to major transport infrastructure.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="2cc428cf-fe70-4cac-9cd5-264ad53af62c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.56%E2%80%AFAM.png?VersionId=otKSnHtbjAvAddOnovyXQMgcAwE6DMe1" />

According to the planning documents, the site sits “within the St Leonards–Crows Nest Strategic Centre, identified by the NSW Government as a key area for accommodating future jobs and housing across Sydney.”

The proposal has been designed by fjcstudio, formerly FJMT Studio, and is being progressed through the State Significant Development pathway due to its scale and affordable housing provision.

The scheme would comprise 413 apartments, including 46 affordable housing units, alongside retail and commercial uses fronting Herbert Street. The project would also include communal open space, landscaping, a swimming pool, gymnasium, children’s play areas and podium-level resident amenities.

Planning documents show the development would consist of a part-13, part-39 storey tower form positioned above a four-storey podium.

“The development comprises a unified podium that activates the street interface, and two setback towers to accommodate new housing supply while maintaining an appropriate human scale at ground level,” fjcstudio noted in its Design Report.

The northern and southern towers have been shaped to respond to the surrounding skyline while also limiting overshadowing impacts to nearby public open space, particularly Talus Reserve.

The design report said the differing tower heights were intended to “contribute to a varied skyline while responding to the surrounding built form context and solar access considerations.”

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="36da62dc-ff9e-41f2-a7e3-7be38373751c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.45%E2%80%AFAM_0.png?VersionId=Mo6Rp2r.XRLTzIfg_PEEpw8NepDH8UBs" />

The site sits directly opposite Royal North Shore Hospital and within walking distance of both St Leonards Station and the new Crows Nest Metro station.

While the site itself sits just outside the formal Crows Nest Transport Oriented Development boundary, the planning documents repeatedly reference its alignment with the broader TOD objectives reshaping the Lower North Shore.

“The site is located adjacent to St Leonards Station and in close proximity to Crows Nest Metro which is within the Crows Nest Transit Orientated Development Accelerated Precinct which has been identified by the NSW Government to support housing delivery,” the Design Verification Statement noted.

According to fjcstudio, the project has been designed to respond to the broader transition occurring across St Leonards, where increasing residential density is being concentrated around transport infrastructure and employment hubs.

“The broader precinct is undergoing significant change, with a mix of existing mid-rise buildings and newer high-density developments,” the report stated.

“Recent and approved projects indicate a consistent shift toward taller built form, typically organised as tower-and-podium typologies with more active ground levels.”

The proposal includes close to 6,000 sqm of retail and commercial space across the ground floor and podium levels, designed to create a more activated street edge along Herbert Street.

Aqualand’s plans would also introduce a landscaped podium shared between the two towers, with communal open space in the form of a podium rooftop designed to support resident interaction and improve urban greening outcomes. The scheme would also introduce pocket parks at the northern and southern ends of the site, including a landscaped area at the corner of Herbert and Ella streets designed to improve pedestrian amenity and soften the streetscape.

&nbsp;

The proposal is being progressed through the NSW Government’s Housing Delivery Authority pathway, which was introduced to accelerate housing supply across the state. The application was declared State Significant Development in April 2025 following an expression of interest process.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="faf6d97d-2671-454f-b85a-fe1c6a7be608" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.49%E2%80%AFAM.png?VersionId=diVd28OBVr5.YV.7prrOz.uAanwwwm7a" />

St Leonards has been particularly active with new developments in recent weeks. Developer SP Setia’s <a href="https://www.apartments.com.au/news/nsw/first-look-sp-setia-targets-st-leonards-skyline-with-40-storey-tod-tower">plans for a new 42-storey tower</a> recently went on exhibition through the same pathway, while <a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">Stockland’s 52-storey tower proposal</a> was also recently unveiled.

Aside from the St Leonards project, which is expected to take around nine months to move through the approvals process ahead of a potential 2027 launch, Aqualand is also preparing to launch Boronia, a new apartment project in Roseville comprising around 111 apartments on Larkin Street.

The developer also has approvals in place for the next stage of the Barangaroo precinct, which will feature new residential, retail, hospitality and community uses, alongside a new metro entry across the five-hectare site.

More than 50 new retail destinations are planned for Central Barangaroo, alongside a 270-metre-long boulevard connecting Hickson Park to Nawi Cove. Together with Harbour Park, more than 50 per cent of the precinct will comprise public open space and parkland.

First look: Aqualand joins St Leonards apartment party

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If you’re looking to buy an apartment in Australia, property economist Anna Porter explains <a href="https://au.finance.yahoo.com/news/state-easiest-buy-property-act-011522751">Canberra could be your best bet</a>.

According to Porter, the Australian state outranks the rest of the country based on agents’ attitude, costs associated with the purchase, buyer competition and the ease of undertaking due diligence.

<blockquote>
“[In Canberra,] Agents treat buyers with a huge amount of respect, they allow them time to do their due diligence without undue pressure and they encourage them to work with solicitors straight away.”
</blockquote>

- Anna Porter, Property Economist

Australian Capital Territory is the only state which ensures the vendor must provide pest and building reports in the contract of sale, and has the country’s second-lowest stamp duty costs, which both work in the favour of the buyer.

Given the lower entry-level price points, buyers can secure a luxury apartment for a fraction of the cost of a high-end or penthouse apartment in Sydney or Melbourne. Canberra’s vast natural landscape also means many apartments will overlook spectacular mountain or water views.

If you’re considering purchasing property in Canberra, here are 5 of the state’s most exquisite luxury developments on the market right now.

<h2>1. ENVIE, BRADDON </h2>

New York-style luxury living

Developer: Geocon

61 Cooyong Street

<figure><img alt="" class="image-article_full_width_580px" height="318" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/envie1.gif?itok=VIJJVMX0" title="New York-style luxury living" width="580">

<figcaption>New York-style luxury living</figcaption></figure>Envie offers a multitude of elegant, relaxing spaces for residents to entertain guests. From a shared chef’s kitchen and on-site concierge to the private rooftop spa and relaxation room, Envie caters to those who seek respite from their busy urban lifestyle and upgraded living. Atop the residential tower is a viewing terrace for residents to enjoy the stunning views across Canberra.

A selection of one, two and three-bedroom apartments are selling now.  

<hr>
<h2>2. SAPPHIRE KINGSTON, KINGSTON </h2>

Canberra’s most exquisite views

Developer: Keggins

Architect: Elenberg Fraser

5/2 Trevillian Quay

<figure><img alt="" class="image-article_full_width_580px" height="204" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/sapphire1.gif?itok=aFu04n9k" width="580"></figure>Sapphire Kingston enjoys one of Canberra’s most exquisite natural landscapes, with each apartment boasting panoramic views overlooking the Molonglo River. Residents will enjoy the use of premium Miele appliances, ducted heating and cooling for perfect temperature control year-round, and the finest quality oak timber flooring. The Elenberg Fraser-designed Sapphire Kingston also features spacious landscaped communal gardens and parklands which include built-in barbeques.

Sapphire Kingston is currently 80% sold and has recently launched its final release of three and four-bedroom apartments.

<hr>
<h2>3. <a href="/new-apartments/belconnen-act-2617">REPUBLIC</a>, BELCONNEN</h2>

At the doorstep of some of Canberra's most extensive networks of bicycle and jogging paths

Developer: Geocon

1 Edmonstone Place

<figure><a href="/new-apartments/belconnen-act-2617"><img alt="" class="image-article_full_width_580px" height="325" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/republic1.gif?itok=HGVHOizw" width="580"></a></figure>Republic overlooks the tranquil waters of Lake Ginninderra and is situated amongst one of Canberra’s most extensive networks of bicycle and jogging paths, giving residents the ultimate lifestyle of recreation and relaxation. Republic residents will also have direct access to the newly developed ground-floor Urban plaza, which features a Neapolitan pizza restaurant, Woolworths supermarket, BWS, Abode Hotel and more.

For buyers looking for an established community feel, Republic offers an idyllic modern lifestyle nestled amongst existing infrastructure including libraries, the Belconnen Arts Centre, Westfield Belconnen and the University of Canberra.

One, two and three-bedroom apartments are selling now, with a selection of interior colour schemes for buyers to choose from.

<hr>
<h2>4. ESTATE, FORREST </h2>

A wine connoisseur’s paradise 

Developer: <a href="/developers/addval-developments">Addval Developments</a>

Architect: <a href="/architects/collins-caddaye-architects">Collins Caddaye</a>

1 Hobart Avenue

<figure><img alt="" class="image-article_full_width_580px" height="325" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/estate1.gif?itok=jL3b690V" width="580"></figure><figure><img alt="" class="image-article_full_width_580px" height="325" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/estate2.gif?itok=iT5XYvzM" width="580"></figure> 

Estate Forrest brings a unique offering to market, enticing vino-lovers across the country by recreating a luxurious winery experience. On-site cellars and a bespoke selection of the country’s finest wines have been curated by celebrity wine connoisseur Tyson Stelzer. Estate is situated in the heart of one of Canberra’s most affluent suburbs and is surrounded by rich heritage and magnificent landscapes.

Estate has been designed by award-winning architect Collins Caddaye, with each home boasting state-of-the-art appliances, spacious living areas and penthouse-quality features throughout.

<blockquote>
“The day that we acquired the site, we made the decision that we wanted every unit, regardless of how many bedrooms or how big it is, to be finished like a penthouse.”
</blockquote>

- Michelle Dzakula, General Manager Addval

A selection of 1, 2, 3 and 4 bedroom apartments are selling now.

<hr>
<h2>5. RUBY, GUNGAHLIN </h2>

Year-round resort-style living

Developer: <a href="/developers/pod-projects-group">Pod Projects Group</a>

Architect: <a href="/architects/stewart-architecture">Stewart Architects</a>

32/8 Gribble Street

<figure><img alt="" class="image-article_full_width_580px" height="264" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/ruby1.gif?itok=V2lb0Z4a" width="580"></figure>Ruby apartments in Gungahlin embrace resort-style living with a luxurious open-air 20-metre pool overlooking the Brindabella mountains. Residents can also enjoy the use of the alfresco barbeque and pizza oven for summer dining amongst the luscious, landscaped garden terraces. The development also features a fully-equipped gymnasium overlooking the mountainous landscape, and outdoor lounge areas for the ultimate rest and relaxation. The apartments include house-sized kitchens which are perfect for entertaining and beautiful timber flooring throughout.
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Olivia Round

Urban's top 5 luxury developments in Canberra

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Construction has started at Canberra’s first zero emission office building.
The 13,200 square metre ACT Government Office building will source its heating, cooling and ventilation needs from 100% renewable electricity.
The building, being constructed by Doma, is part of the DKSN precinct in Dickson and is scheduled to be completed in 2020.
Doma Development General Manager, Gavin Edgar said the Dickson office building will be the first in the ACT to use an all-electric system for its heating and cooling.
“The ACT Government’s commitment to climate change leadership will see 100 per cent of the ACT’s electricity sourced from renewable electricity from 2020,” Edgar said.
“We have worked with the ACT Government, as the anchor tenant for 20 years, and our consulting engineers, Rudds, to design the building with an all-electric heating, cooling and ventilation system rather than a gas fired system.
“Traditionally, chillers have only been capable of providing chilled water which helps cool the building and then a gas boiler is required to provide heating.
“The solution being adopted for Dickson provides both heating and cooling for the building using a combination of water cooled and air cooled heat pump chillers which have the capability to reverse their mode of operation and provide either chilled water of heating hot water.”
Edgar said while all electric technology has been implemented in other countries, it has not been substantially tested in climates similar to Canberra’s.
“Temperatures in the ACT vary significantly over the year from season to season, so we have had to cater for this,” Edgar said.
“The chiller arrangements have been optimised to manage the peak heating loads in winter and cooling in summer, as well as handle the shoulder seasons where simultaneous heating and cooling is required.
“To help improve thermal comfort, radiant slab heating has been adopted in the ground level entrance lobby and atrium which will improve the amenity of members of the public visiting access Canberra. 
“Additionally, a large array of solar roof panels are being installed to generate power and help keep electricity bills down.
“The building’s innovations will not only produce an environmentally friendly, zero emissions building in line with ACT Government policy of having 100 per cent of the Territory’s electricity sourced from renewable electricity, it will demonstrate the feasibility of this technology to industry in Canberra and to the wider community.”
ACT Minister for Climate Change and Sustainability Shane Rattenbury said: “This is an excellent initiative, and I congratulate Doma for rising to the zero emissions challenge. Zero emission commercial buildings are both technically feasible and highly cost effective.
“Doma and the ACT Government are demonstrating that new commercial buildings can be gas-free, and it lays down the challenge to others in the industry to match this climate-friendly standard.”
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Construction starts at Canberra's first zero emission office building

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The Australia Capital Territory’s residential real estate market held up well in 2018, with house and unit values rising moderately year over year, according to the latest report from Moody's Analytics.
However the report found that growth in house and unit values has turned down noticeably since late 2017, approaching lows not seen in close to two years.
<img src="https://www.urban.com.au/images/2019/1/17/ACT%20home%20values%202017-2020.JPG" alt="">
Auction clearance rates have declined to around 40%, well below year-ago levels, while growth of housing finance commitments in the ACT has been trending lower, suggesting demand is cooling.
The report authors said, the ACT economy moderated in the September quarter, with growth of state final demand slowing to 0.9% quarter over quarter, down from 2.4% in the June quarter, as household consumption was flat and government consumption fell.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><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/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
"Investment, however, was strong, driven by robust construction."
"The ACT’s population grew by 2.2% in the year ended 2017, the biggest rise since 2012, driven by record net overseas migration," according to the authors.
ACT house values are forecast to rise 6.1% in 2019 following ongoing strength in the labour market and population growth.
In 2020 however a slowdown is forecast with house price growth slated for 4.8%.
Unit values are forecast to rise 3.3% in 2019 off the back of 2.9% growth in 2018.
Growth in unit values is set to increase in 2020 however reaching 4.6%.
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The house market in ACT is forecast to grow 6% in 2019: Moody's Analytics

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GUEST OBSERVATION
You might think that being a state (or territory) treasurer is a boring job. The federal treasurer gets all the media attention and controls many of the big economic levers, including income and company tax, massive Australia-wide spending and trade and competition policy.
But you would be wrong.
Grattan Institute’s <a href="https://grattan.edu.au/report/state-orange-book-2018/" target="_blank">State Orange Book 2018</a> shows that if state treasurers relied less on taxes that hurt the economy and more on the ones that are the very best they could provide a huge boost to their economies.
The big prize
Almost every tax hurts economic growth, but some hurt more than others.
Our state treasurers know this, yet they continue to make poor choices.
Taxes on transactions, such as stamp duties on real estate purchases, are particularly inefficient.
They make it more expensive to move home to take a new job across town or in a different town, encouraging people to stay put. They make it more expensive to move into bigger or smaller homes, encouraging people to renovate instead.
With the typical stamp duty bill now above $40,000 in Sydney and Melbourne, this is more than just an idle theory.
In contrast, taxes on land are <a href="https://grattan.edu.au/report/property-taxes/" target="_blank">extraordinarily efficient</a>, and council rates equally so.
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<iframe src="https://datawrapper.dwcdn.net/NpOip/2/" frameborder="0" scrolling="no" width="100%" height="284"></iframe>
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ACT is showing the way
The Australian Capital Territory has Australia’s most efficient tax base – every dollar of revenue raised costs the economy just 21.9 cents.
New South Wales has the least efficient – every dollar of revenue raised costs the economy 29.7 cents.
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<a href="https://images.theconversation.com/files/243371/original/file-20181101-78453-1gnjuck.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/243371/original/file-20181101-78453-1gnjuck.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
<a class="source" href="https://grattan.edu.au/report/state-orange-book-2018/" target="_blank">Grattan Institute Orange Book 2018</a>
<hr>
While most states are going backwards
Unfortunately, in most states taxes have became less efficient over the past five years.
Booming property prices in Sydney and Melbourne inflated stamp duties, giving them a growing share of the tax base in NSW and Victoria.
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<a href="https://images.theconversation.com/files/243367/original/file-20181101-78447-1pk0y6g.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/243367/original/file-20181101-78447-1pk0y6g.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Average excess burden of taxation cents per dollar of tax revenue collected in each state and territory (2006-2016) <a class="source" href="https://grattan.edu.au/report/state-orange-book-2018/" target="_blank">Grattan Institute Orange book 2008</a>
<hr>
They should copy the ACT
All state treasurers should <a href="https://grattan.edu.au/news/following-the-act-land-tax-approach-boosts-growth-and-state-budgets/" target="_blank">follow the lead</a> of the ACT and replace stamp duties with broad-based property taxes.
Our calculations suggest that doing so could make Australians up to $17 billion a year better off, while also <a href="https://grattan.edu.au/news/housing-tax-reform-what-difference-will-it-make/" target="_blank">making housing more affordable</a>.
And stamp duties are unfair. They make some families pay more tax than others simply because they move home more often.
An annual flat tax <a href="https://grattan.edu.au/wp-content/uploads/2017/10/SA-Federalism-and-Tax-Future-Directions-for-Property-Tax-Reform-for-web-28-August-2017.pdf" target="_blank">set at between A$5 and A$7</a> for every A$1,000 of unimproved land value would be enough to fund the abolition of property stamp duties.
Which won’t be easy
Proposals to make the switch have stalled <a href="https://grattan.edu.au/wp-content/uploads/2017/10/SA-Federalism-and-Tax-Future-Directions-for-Property-Tax-Reform-for-web-28-August-2017.pdf" target="_blank">because the politics is hard</a>.
Recent purchasers would be reluctant to pay an annual tax so soon after paying stamp duty. A property tax would pose difficulties for people who are asset-rich but income-poor, especially retirees.
And property taxes cause angst: quarterly property tax bills remind people that they are taxpayers more often than does a one-off stamp duty with each purchase.
So state treasurers should make the switch gradually, <a href="https://grattan.edu.au/news/following-the-act-land-tax-approach-boosts-growth-and-state-budgets/" target="_blank">as in the ACT</a>: slowly wind back stamp duty and ramp up broad-based property tax over time.
It would provide the states with an increasingly stable revenue stream while reducing the disparity between those who bought a home just before the change and just afterwards.
To ensure that asset-rich but income-poor households could stay in their homes, state treasurers would have to allow them to defer paying the levy (with interest) until they sell their properties.
And they should axe insurance tax
State treasurers should also replace state taxes on property, life, health and motor vehicle insurance with a broad-based property levy. Most states have already abolished insurance levies to fund fire and emergency services.
Insurance taxes <a href="http://taxreview.treasury.gov.au/content/FinalReport.aspx?doc=html/Publications/Papers/Final_Report_Part_2/chapter_e8.htm" target="_blank">deter</a> people and businesses from buying adequate insurance, leaving them <a href="https://theconversation.com/properties-under-fire-why-so-many-australians-are-inadequately-insured-against-disaster-50588" target="_blank">exposed to risks</a> such as flood or fire damage to their home, or motor vehicle theft.
And charge for rezoning
And state treasurers should <a href="http://www.planning.act.gov.au/topics/design-and-build/fees/change_of_use_charge_-_lease_variation_charge" target="_blank">follow another ACT lead</a> and introduce explicit “betterment taxes” to capture some of the windfall gains from rezoning of land.
Government permission to build higher-density housing, or convert farmland into greenfield housing land, generates large unearned windfall gains for landowners.
Taxing these windfall gains would be a particularly efficient form of taxation, would reduce the opportunities for <a href="https://www.smh.com.au/business/the-economy/in-the-zone-insider-trading-rife-in-land-rezoning-racket-20150929-gjx8nh" target="_blank">corruption</a> in the planning system, and would enable state treasurers to reduce other more economically harmful and regressive taxes.
And apply payroll tax widely
Finally, state payroll taxes should be broadened by abolishing carve-outs for small businesses.
This would enable state treasurers to cut payroll tax rates across the board.
Generous thresholds and exemptions have weakened states’ payroll tax bases and <a href="https://www.murphyeconomics.com.au/Information/tax/ATF_Vol.33-1_2018_Murphy.pdf" target="_blank">increased</a> the economic costs of the tax.
Astoundingly, around 90% of NSW businesses <a href="http://taxreview.treasury.gov.au/content/FinalReport.aspx?doc=html/publications/Papers/Final_Report_Part_2/chapter_d3-2.htm" target="_blank">are exempt</a> from payroll tax.
We believe that, taken together, this set of reforms would make a big difference to economic growth.
Voters might even reward the treasurers and their premiers.<img src="https://counter.theconversation.com/content/105378/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;">
Brendan Coates, Fellow, Grattan Institute
John Daley, Chief Executive Officer, Grattan Institute
Tony Chen, Researcher, Grattan Institute
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/abolish-stamp-duty-the-act-shows-the-rest-of-us-how-to-tax-property-105378" target="_blank">original article</a>.
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Abolish stamp duty: The ACT shows the rest of us how to tax property

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GUEST OBSERVATION
Australian home prices have risen 60% in the past five years. That’s great news for the seven million households who own one.
But at the same time three million Australian households pay a total of A$50 billion per year in rent. The more prices rise, the further away their dreams of home ownership drift.
But what if there was a way, right now, to offer a form of secure long-term home ownership to renters while saving them about half their housing costs?
Wouldn’t it be something we should talk about?
<a href="https://www.prosper.org.au/wp-content/uploads/2018/09/Unspoken-Alternatives-final_web.pdf" target="_blank">A new report I have written</a> for The Australia Institute and Prosper Australia to be <a href="https://www.prosper.org.au/2018/07/31/our-127th-annual-dinner/" target="_blank">launched on Tuesday night in Melbourne</a> shows that not only is it entirely possible, but it has been happening quietly in our nation’s capital for a decade, saving Canberra residents millions per year.
About 1,000 Canberra households are currently saving $9 million per year. Over a 10-year period, compared to renting, the typical family will save 37% of its housing costs.
How is it done?
Since 2008 Canberra households who do not own property have been able to use land for free instead of buying it.
All they pay is a small annual rent to the government of 2% of the market price.
As long as they pay the rent, they can occupy it for life.
The downside, for them, is that they forgo the increase in the value of the land.
The upside is that it costs them 2% per year instead of the 5% interest rate they would pay if they had a mortgage.
When they sell their home they built on the land they pay out the land value to the government.
For the government, it works out pretty much even. What it loses by renting cheaply, it gains as the value of the land goes up.
What makes the scheme in the Australian Capital Territory so radical is that it has been almost entirely ignored in the mainstream policy debate about housing affordability.
Instead, it centres around difficult and expensive policies that have only tiny effects on prices or rents.
For example, building an extra 50,000 houses per year for a decade is estimated to cut prices by just 10% at the decade’s end. It would be a massive task, requiring more than 200,000 workers — or nearly the total workforce of Canberra.
The billions we spend each year on ineffective housing subsidies like tax breaks to investors and first home owner grants, and <a href="https://www.smh.com.au/business/the-economy/want-to-stop-land-corruption-take-away-the-honeypot-20170428-gvub4h" target="_blank">on giving away valuable rezoning decisions to developers</a>, achieve even less.
We do it in the hope that land owners will voluntarily build enough homes to push prices down.
Importantly, the report shows that governments don’t need to be lose revenue to unleash the cost savings — they can merely redirect their existing housing subsidies.
Or they can allow the creation of privately run community land trusts along the lines of those in the United States and Britain to achieve the same effect.
There are few complaints in the ACT, and there’s a chance this approach will actually help would-be home buyers.<img src="https://counter.theconversation.com/content/102578/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;">
Cameron Murray, Lecturer in Economics, The University of Queensland
This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/introducing-land-rent-the-acts-excellent-idea-for-making-houses-cheaper-102578" target="_blank">original article</a>.
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Introducing land rent, the ACT’s excellent idea for making houses cheaper: Cameron Murray

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Canberra's highest architecture honour, the Canberra Medallion, has been awarded to Constitution Avenue by NCA, JILA, Hill Thalis, SMEC and AECOM at the Australian Institute of Architects’ 2017 ACT Architecture Awards.
Constitution Avenue, which also received the Sir John Overall Award for Urban Design, has realised Griffin’s vision with a project that ‘negotiates the macro and micro scale with consistency, clarity and vision’.
The jury noted its character is responsive to its particular location and adjacency, with subtle changes in scale and detail - from civic to boulevard, bushland to ceremonial, yet it successfully conveys integrated design aspirations.
"The NCA in its wisdom gathered a team of collaborators to achieve an outcome of immense public worth, and in doing so, have given us an exemplar to plan, design and deliver public domain works," it said.
Fender Katsalidis Architects won the Sydney Ancher Award for Residential Architecture - Multiple Housing and an Award for Commercial Architecture for their NewActon Nishi development receiving 
"In an era where housing needs to be denser, more compact, of high quality, and closer to civic centres, Nishi NewActon provides a compelling exemplar," the jury stated. 
"A remarkable example of how seemingly impossible constraints can be deftly handled in the hands of a skilled architect,’ saw MD House by Ben Walker Architects take home the Gene Willsford Award for Residential Architecture – Houses (Alterations and Additions). 
"The result clearly speaks of the fruitful engagement between architect and clients in delivering a well-considered outcome sensitive to their needs and aspirations."
ACT Chapter President, Rob Henry, praised the entrants and winners for their clear commitment to designing places for people. 
‘Continued population growth in our small territory, with its limited boundaries, must be managed with a commitment to urban renewal and densification," he said.
"It is the ‘voids’ that will provide the ACT with sustainable opportunities for future growth. Underpinning any successful densification will be the inclusion of places for people that enrich sociocultural environments.
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"Regardless of the scale of project, our work should be developed on a premise that architecture is simply the backdrop for living, and we should also acknowledge that to achieve exemplary outcomes we must continue to engage with people in the process of making,’ Henry said. 
A total of 25 Named Awards, Awards and Commendations were presented on the night from a field of 45 entries. Named Award and Award winners will now progress to the National Architecture Awards to be announced in Canberra on Thursday 2 November. 
Full list of winners: 
Commercial Architecture 
Award – NewActon Nishi by Fender Katsalidis Architects Award – Casey Market Town by Cox Architecture Commendation – Sikorsky Helitech MH-60R Through Life Support Facility by Daryl Jackson Alastair Swayn Pty Ltd 
Heritage 
The J S Murdoch Award – Embassy of Sweden by Guida Moseley Brown Architects Award – Howitt Street Residence by Cox Architecture 
Interior Architecture 
The W Hayward Morris Award – Willinga Park by Cox Architecture and Sally Hieatt Interiors Award – Canberra Airport – International by Guida Moseley Brown Architects Commendation – Casino Canberra Refurbishment by Cox Architecture 
Public Architecture 
The Romaldo Giurgola Award – Willinga Park by Cox Architecture 
Residential Architecture – Houses (Alterations &amp; Additions) 
The Gene Willsford Award – MD House by Ben Walker Architects Commendation – Three Generation House by Light House Architecture and Science 
Residential Architecture – Houses (New) 
The Malcolm Moir and Heather Sutherland Award – McCarthy Purba House by Anthony Knobel Architect Award – SG House by Ben Walker Architects Commendation – O’Connor House by de Rome Architects 
Commendation – Windywoppa by Collins Caddaye Architects 
Residential Architecture – Multiple Housing 
The Sydney Ancher Award – NewActon Nishi by Fender Katsalidis Architects Award – Atelier by Bates Smart Award – Barcelona by Guida Moseley Brown Architects 
Small Project Architecture 
The ACT Award – Corner House by Joanna Nelson Architect 
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Award – Pop Inn by Daryl Jackson Alastair Swayn Pty Ltd Sustainable Architecture 
The Derek Wrigley Award – Corner House by Joanna Nelson Architect 
Urban Design 
The Sir John Overall Award – Constitution Avenue by NCA, JILA, Hill Thalis, SMEC and AECOM Award – Woden Stair by Cox Architecture 
Enduring Architecture 
Award – Lakeview by Harry Seidler &amp; Associates 1984 COLORBOND® Award for Steel Architecture 
Award – John James Village by Daryl Jackson Alastair Swayn Pty Ltd 
Chapter Awards and Prizes 
Canberra Medallion – Constitution Avenue by NCA, JILA, Hill Thalis, SMEC and AECOM The Pamille Berg Award for Art in Architecture – Woden Stair by Cox Architecture The Robert Foster Award for Light in Architecture – Canberra Airport – International by Guida Moseley Brown Architects Architectural Professional of the Year – Shoba Cole, May + Russell Architects President’s Medal – ACT Emerging Architects and Graduates Clem Cummings Medal – Tim Reeves and Alan Roberts Emerging Architect Prize – Jessica de Rome, de Rome Architects ACT Chapter Emerging Architect Prize - Special Commendation – Annette Pogas, ArPM ACT Chapter Student Medallion – Daniel Reardon, University of Canberra Daryl Jackson Alastair Swayn Graduate Prize – Eleanor Kirkham, University of Canberra John Redmond Prize – Chloe Yin, University of Canberra 
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Places for people dominate 2017 ACT Architecture Awards

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Government infrastructure projects are popping up everywhere at the moment.
So what happens when one of those projects affects your land? In short, not much can be done to prevent the government taking your land (called compulsory acquisition).
But there's is a lot you can do to make sure you don’t get short-changed.   All Australian governments have the power to acquire any privately owned land, or an interest in privately owned land (such as an easement) for government use or projects.
In the ACT, that power is provided by the Lands Acquisition Act 1994 (“the Act”).
The Act sets out the process the ACT Government must follow to acquire your land, the compensation you're able to recover for your land and the steps you need to take to claim your compensation.   How does the Government take your land? If the Government has earmarked your land for a government project, it can acquire your land by either:
<ol>
<li>Coming to an agreement with you about what bit of your land (whole or part) it will take and the amount of compensation it will pay (ie acquisition by agreement); or </li>
<li>Taking your land by force, with the amount of compensation to be determined after your land has been acquired (ie compulsory acquisition). </li>
</ol>
If your land is compulsorily acquired, you'll be compelled by law to vacate your land regardless of whether you're willing to part with it.    While you'll be dispossessed of your land, you'll be entitled to compensation for your loss.   What's the process?   You’ll be notified   If the Government is considering acquiring your land, it's required to give you written notice of its intention to do so by way of a Pre-Acquisition Declaration.  The Pre-Acquisition Declaration will set out the details of the land the Government is considering acquiring and the purpose for acquiring the land.    You can try negotiating  Once you receive a Pre-Acquisition Declaration, you can start negotiating with the relevant Government authority facilitating the acquisition of your land to reach an agreement about the terms of the acquisition and the amount of compensations payable to you.   If negotiations fail, they’ll take it anyway  If an agreement can't be reached between you and the relevant Government authority, the Government must make a Compulsory Acquisition Declaration that your land is to be compulsorily acquired.  Once the Compulsory Acquisition Declaration is notified in the Legislative Assembly and published in a newspaper, the Government will own your land free from any other encumbrances such as a mortgage. Why bother negotiating?  The advantage of negotiating an agreement with the Government is you'll have certainty about the amount of compensation without having to go through a claim process along with quick payment. The disadvantage is you may not be compensated for all you’re entitled to.   How are you compensated? You, and every other person who has an interest in your land (eg tenants or holders of a license over your land) are entitled to an amount of money that will justly compensate for the Government’s acquisition of your land.  Put another way, the Government’s acquisition of your land must be on “just terms”.   The amount of compensation payable to you can be negotiated with the Government, as discussed above.  However, if you believe the offers being put to you by the Government don't accurately reflect your loss, you can make like Darryl Kerrigan and “tell him he’s dreaming’”.   The Government will then compulsorily acquire your property and you'll be required to put together your own claim for compensation. This will involve determining the amount of compensation you believe you're entitled to receive and obtaining evidence (including experts' reports) to support that view.    The Act sets out what matters are taken into account when assessing your claim for compensation.  They include the market value of your property, any special value that you derived from your property, any loss that you suffer as a result of the acquisition and any reasonable expenses you incur.   Sound costly? You’re right, it does, but we can help.  Depending on what was acquired, there may be considerable cost and time involved in briefing the relevant experts to obtain the evidence required to properly support your claim.  The Act says you'll receive compensation for any legal or other professional costs reasonably incurred by you in relation to the acquisition of your land.  In the matters that we've been involved in, we've been able to negotiate with the Government for an advance payment of compensation to cover our clients’ legal fees and professional costs so their cash flow isn’t greatly impacted by the acquisition process.   What you should do?  Don’t panic; get advice about your legal rights.   The process involved in compulsory acquisition of land can be complex.  For this reason, it's important the process is properly managed from the outset by or for you to ensure you get compensation for the loss of your land as quickly as possible, and for the full amount you're entitled to receive.   Meyer Vandenberg is working on claims for landowners whose land has been acquired by the ACT Government for a range of projects, including the light rail project. If you think your land may also be in the firing line tram line, or affected by another Government project, please call us to talk about how we can get you the most money possible to help you move on once your land is gone.       Bernice Ellis Partner   Justine Harper Lawyer
<a href="https://www.meyervandenberg.com.au/" target="_parent">https://www.meyervandenberg.com.au/</a>
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Compulsory acquisition - what happens when the tram takes your title

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Bruce takes the spot as ACT's slowest selling suburb, according to Investar's latest report.
The property advisory firm says that a one bedroom unit in Bruce can take up to 337 days to sell with a median price of $299,000.
An example would be a one bedroom unit at <a href="https://www.realestate.com.au/sold/property-apartment-act-bruce-120057033" target="_blank">87/8 Baudinette Circuit </a>(above) that was recently sold for $322,000.
Similarly a one bedroom unit at <a href="https://www.realestate.com.au/sold/property-apartment-act-bruce-120734701" target="_blank">66/8 Baudinette Circuit </a>(below) was recently sold for $320,000.
<img src="/images/2016/09/27/668%20Baudinette%20Circuit.jpg" alt="">
A three bedroom unit with a median price of $419,000 at Bruce takes second place on the list taking up to 309 days to sell.
Suburb   Type                        Beds   Days to sell    Median    Year growth
BRUCE    Unit &amp; Studio           1        337               $299,000  -5.08%
BRUCE    Unit                        3        309               $419,000  -5.85%
BELCONNEN  Unit &amp; Studio     1        296               $345,000  7.81%
BARTON   Unit                       2        258               $610,000  -3.03%
LYNEHAM Unit &amp; Studio          1        254               $331,500  -7.92%
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Bruce is ACT's slowest apartment market: Investar

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Stephen Moore’s Canberra abode in Yarralumla has been listed for sale.
The Wallabies skipper and former ACT Brumbies captain and his wife, Courtney have relocated to his home state to join the Queensland Reds.
The 16 Hunter Street had been home for more than seven years while playing with the Brumbies.
Peter Blackshaw Real Estate are marketing the four-bedroom, two-bathroom home on a 1960 square metres of land.
Agent Rowan Glanville puts it to auction on October 29.
It last sold at $1.65 million in 2014.
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Queensland Reds player Stephen Moore lists in Canberra

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Belconnen ranks amongst the ACT suburbs with the biggest gap between the top and bottom quarter sales, according to Investar.
It says that the difference between the bottom and top quarter is 149 percent with a gap difference of $127,000 when it comes to studio and one bedroom apartments.
Property Observer found examples at either end of the spectrum, ie at around $258,000 and at $385,000.
One was sold this January at <a href="https://www.realestate.com.au/property-apartment-act-belconnen-121388598" target="_blank">19b/9 Chandler Street</a> (below) which was a studio apartment sold for $245,000.
<img src="/images/2016/09/22/500_canberra.jpg" alt="">
Another one was sold in July at <a href="https://www.realestate.com.au/property-apartment-act-belconnen-122848966" target="_blank">149/41 Chandler Street </a>(below) for $365,000. 
<img src="/images/2016/09/22/500c2.jpg" alt="">
There is also a big gap at Belconnen when it comes to two bedroom units. One was sold in August at <a href="https://www.realestate.com.au/property-apartment-act-belconnen-122476118" target="_blank">22/1 Buik Place</a> (below)for $273,000.
<img src="/images/2016/09/22/500c3.jpg" alt="">
Another one was sold in April at <a href="https://www.realestate.com.au/property-apartment-act-belconnen-122139082" target="_blank">333/80 Chandler Street</a> (below) for $460,000.
<img src="/images/2016/09/22/500_c4.jpg" alt="">
Bonner takes the top spot with a gap difference of $347,000 which translates to 191 percent between $380,000 and $727,000 for four bedroom houses.
The list was produced using live on the market rental and sales listing data.
It identified listings with one or more keywords that would indicate an large gap between the top and bottom quarter based on the price during those time periods.
This data is designed to identify suburbs with the highest percentage of price difference based on the descriptions used by agents and vendors.
 
Suburb        Type  Beds Days to sell Median Price  Median Growth
1 BONNER  House    4        154         $600,000            4.34% 
2 KINGSTON  Unit    2        145         $530,000            6.21% 
3 BELCONNEN Unit  2        202          $430,000          16.21%
4 CANBERRA  Unit   1        248          $428,500            7.39% 
5 GRIFFITH  Unit     2       138           $410,000           -2.85% 
6 CANBERRA  Unit   2       214           $619,000            3.33% 
7 BELCONNEN Unit  1      296            $345,000            7.81%    
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