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

Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

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

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

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

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

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

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

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

Adelaide

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<img src="https://counter.theconversation.edu.au/content/81824/count.gif?distributor=republish-lightbox-advanced" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
By the time you’ve finished reading this article, roughly 20 people will have moved from the country into a city somewhere around the world. In any given week, millions of people head into cities.
Cities are growing well beyond anything their founders could have imagined. At the same time, the resources available within cities are not scaling up at the same rate. Many are looking for solutions to these problems; one being proposed is the “smart city”.
“Smart cities” can encompass concepts in urban design, or focus on the engineering required to support a city. But it’s very easy to use the term without really saying what it actually means in terms of improvements people will see.
Transport, aged care and parks are three areas where existing projects and available technology are making cities and suburbs better places to live. These projects are real and happening now. In Adelaide, experts from across the University of Adelaide’s five faculties are part of the newly launched Australian Smart Cities Consortium.
Adelaide’s Australian Smart Cities Consortium aims to tap into vast amounts of data to make life better for city residents.
More efficient transport
The car has dictated much of the way we live in modern cities. One way we can improve everyone’s lives is to make transport networks better.
By Australian standards, Adelaide has quite low levels of traffic, but it still suffers from traffic jams and congestion. This leads to frustration and makes everyone’s lives less pleasant.
One way we can make this better is by understanding our traffic flows better. We can use this information to adjust how cars move through busy areas.
But not everyone drives – so let’s also look at public transport and pedestrian crossings.
Putting GPS tracking on buses allows riders to know when the bus is coming, and if they have to run because one is about to come around the corner. With better traffic monitoring and control, we can build bike lanes that are safer and integrate with existing traffic, or change the way that pedestrians cross the road.
We can show pedestrians a countdown timer for the time left to cross, or give elderly citizens more time to cross on demand – as seen in Singapore with smart cards.
The computing and monitoring capability to do this has existed for some time, but the smart city focus lets us pin down problems of city living and identify where we can put our resources to help.
South Australia’s Department of Planning, Transport and Infrastructure uses vast amounts of sensing data and planning information to build transport networks that will support the next phase of Adelaide’s growth.
Better care
Health issues and the provision of health care are a constant issue for governments. Up to one-third of Australian state budgets goes to health care and hospitals. And with an ageing population, we are going to need to care for more and more people over time.
Current work in Adelaide on smart ageing provides ways to look after elderly and isolated citizens without robbing them of their privacy. Non-intrusive monitoring can see if someone has fallen over or hasn’t got out of bed that day. We can combine this with data privacy to let only doctors or close family know what’s going on.
Sometimes, just knowing the temperature of someone’s house and being able to notify a contact or care worker if it’s too hot or cold can make the difference in saving a life.
Being able to care for someone, giving them autonomy and dignity in their own home, will help us look after the growing number of ageing people over the next few decades.
Well-kept green spaces
Cities need a combination of spaces to make people happy. Some we work in, some we live in, some we move through, and some, like parks and green space, we linger in and enjoy as part of leisure and play.
Parks, gardens and playgrounds make cities and suburbs more liveable but have upkeep and repair costs. Non-camera-based sensors in a park can tell us how many people are using it and whether a certain piece of play equipment is being avoided because it is broken.
So, instead of having to send someone around to see whether something has happened, we can send someone out to fix something when it happens.
We have a lot of great resources in and around Australian cities. In Adelaide, and in many other cities, Smart Cities projects are taking place right now that make these growing urban centres more liveable for everyone.
<a href="https://theconversation.com/profiles/nick-falkner-394488" target="_blank"></a>
<a href="https://theconversation.com/profiles/nick-falkner-394488" target="_blank">Nick Falkner</a> is Associate Professor and Director of the Australian Smart Cities Consortium, University of Adelaide and author for <a href="https://theconversation.com/au" target="_blank">The Conversation</a>.
<a href="https://theconversation.com/profiles/nick-falkner-394488" target="_blank"> </a>
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jchancellor-FAypfDUnLy

Lessons from Adelaide in how a smart city can work to benefit everyone

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BrickX is set to diversify its portfolio of properties offered to investors with a recent acquisition in Adelaide. 
The fractional investing platform has previously concentrated on Sydney and Melbourne offerings.
They bought a two-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-sa-st+peters-125331778" target="_blank">73 Third Avenue St Peters</a> for $825,100, according to Corelogic.
The house last changed hands for $775,000 in 2015, the data showed.
The stone-fronted villa has a curved roof verandah forming an outdoor pavilion and an alfresco living room.
The property was last advertised for rent at $540 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/2017/08/08/BrickX2.jpg" alt="">
In an email to its investors, BrickX said a diversified portfolio helps manage the trade-off between risk and reward. 
So far, BrickX had focussed on properties in Sydney and Melbourne only. It has bought 13 properties so far, with most in Sydney.
BrickX divides each property it acquires into 10,000 units it calls ‘Bricks’ and offers them to investors. 
It last bought a house in Sydney’s Balmain, offering the initial ‘brick’ at $140 each.
In its email to investors, BrickX said that Australian capital cities and even individual suburbs have their own unique property cycles. 
“Many different factors affect the performance of these individual markets so they don’t all behave in the same way, at the same time. Our launch into a third capital city provides our Members with the opportunity to diversify further.”
During the release of its six-monthly valuations in July, BrickX said the Annandale house rose in value by 7.4 per cent in the last six months, the most for any of its acquisitions. 
The Brickx buying team recently noted Adelaide's strong fundamentals with highest amount of Government project and infrastructure spend per person than any other capital city.
It also noted property was the most affordable it has been for 8 years and the housing market was building momentum.
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prateek24-ezbwHMbNAk

BrickX looks south to Adelaide for next property

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Brisbane and Adelaide are both taking the same amount of time to sell a house, according to CoreLogic’s latest report.
The property data firm says that houses in both capitals are taking 61 days to sell while for units it is 77 days in both capitals.
<a href="https://www.propertyobserver.com.au/images/2017/07/31/Screen%20Shot%202017-07-31%20at%202.12.49%20pm.jpg" target="_blank">Click to enlarge</a>
<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/2017/07/31/Screen%20Shot%202017-07-31%20at%202.12.49%20pm.jpg" alt="">
Sydney and Melbourne both take around a month for properties to sell making it the fastest place to sell a property.
However units in Darwin can take up to 101 days to sell while houses in Perth can expect to stay for up to 85 days.
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j.ballantyne1990-6AQqhLzZaK

Brisbane and Adelaide share same median time on market: CoreLogic

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Demand for office space in Adelaide is growing according to Colliers International, who believe the local office market is heading into the second half of 2017 with a positive outlook.
Jeevan Deut, Colliers International’s associate director for Office Leasing in South Australia said about 70 per cent of all enquiries continue to come from small business looking for office space less than 1,000sqm.
“It is interesting to note that the number of larger business looking for space greater than 3,000sqm in Adelaide is on par with the likes of Brisbane and Sydney," he said.
“The average size of a business looking for office space in the Adelaide market has also increased from prior year, up from 587sqm to 1,030sqm.
“It seems that the insurance sector is driving the majority of the larger requirements, followed by the education and training sector and the property services and government sectors.
“Our market has seen transactions increase almost threefold in terms of area.
“The average size of businesses transacting has increased from 290sqm in the five months to May 2016 to 777sqm in the five months to May this year.
"The perceived low demand environment was consuming people’s attitudes and fuelling a negative sentiment towards the office market.
“We are finding the leasing market is now starting to turn.
“With a sound level of enquiry and anticipated tenant movement, we have passed a trough in tenant demand and are now trending back up.
“Moving into the second half of 2017, we expect the demand for office space in Adelaide to rise and larger businesses to transact.”
Colliers International’s research database has recorded the total amount of office space enquired for year to date to have increased by 44 per cent when compared to the same time last year. 
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jonathanchancellor-7SQnKwU6yx

Insurance sector drives demand for Adelaide office space

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Adelaide Casino will expand facilities with a $330 million redevelopment to include a hotel, VIP gaming facilities, three new bars and three additional signature restaurants.
Graeme Stephens, Skycity Entertainment Group chief executive said they will increase the number of hotel rooms in the proposed development from 89 to 123, adding an additional floor to the plans for the expanded building, which will be the most luxurious hotel in Adelaide.
“We believe there is demand for more quality hotel rooms in Adelaide from both domestic and international visitors," he said.
“This provides a better-balanced product while also helping South Australia realise its full potential as a premium tourist destination.
<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/2017/07/26/External_2.jpg" alt="">
Skycity will also remodel the existing Adelaide Casino building in the historic Railway Station.
Graeme Stephens said Skycity will play a major role in what will be an amazing rejuvenation of the Riverbank Precinct, while also creating jobs and economic growth for South Australia.
“The redevelopment also secures Skycity’s position in the heart of Adelaide’s entertainment precinct, surrounded by multiple major demand drivers.’’
<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/2017/07/26/Concourse.jpg" alt="">
Premier of South Australia, Jay Weatherill, is pleased to see the project moving forward.
“This re-development, and the wider development across the Riverbank Precinct is a welcome investment in the state.
<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/2017/07/26/Corner%20Suite.jpg" alt="">
“We look forward to offering both locals and tourists the opportunity to enjoy a world class entertainment precinct.”
Adelaide Casino General Manager Luke Walker says he’s very excited by the opportunities the expansion will provide.
<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/2017/07/26/Villa_Living.jpg" alt="">
“This development will transform Adelaide Casino into a truly integrated entertainment precinct for international, interstate and local visitors, as well as creating 800 jobs when complete and up to 1000 jobs during construction.
“I’m delighted Adelaide Casino will be joining the redevelopment of the Festival Plaza, which alongside the Adelaide Oval, the new Convention Centre, the upgraded Festival Centre, and the rest of the Riverbank Precinct will create a stunning entertainment space in the heart of the city.’’
The expanded development includes a boutique, all-suite hotel, new signature restaurants and bars, including a rooftop bar, and function spaces for up to 750 people for banquets and events.
“We’ve taken a fresh look at both our existing building and the design for the expansion.
<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/2017/07/26/Villa_Bedroom.jpg" alt="">
“We’ve redesigned interiors, revitalised social, entertainment, and gaming spaces, and relocated restaurants and bars,’’ Mr Walker says.
Early works on the site of Riverbank Precinct have been underway since early 2017 to prepare the area for the developments, which include a retail precinct, office space, open public spaces for all age groups and car parking.
Skycity has an agreement with developer Walker Corporation to lease 750 car spaces.
<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/2017/07/26/Villa_Bathroom.jpg" alt="">
Construction on the expansion of Adelaide Casino will begin in early 2018, following the completion of the early works.
The redeveloped casino and hotel complex is expected to be completed by third quarter 2020.
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Adelaide casino to expand with $330 million redevelopment

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Entry-level office accommodation within the Adelaide CBD is essentially limited to strata suites, according to valuation firm Herron Todd White’s latest office market review. 
This market has been relatively stagnant, rental growth has been limited and the vacancy within the CBD is high. 
Below are a range of sales within the Adelaide CBD that HTW considers are entry level and show analysed yields ranging from 4% to 8%. 
<a href="https://www.propertyobserver.com.au/images/2017/07/14/AdelaideCBD1.jpg" target="_blank">Click to enlarge</a>
 <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/2017/07/14/AdelaideCBD1.jpg" alt="">
<a href="https://www.propertyobserver.com.au/images/2017/07/14/AdelaideCBD2.jpg" target="_blank">Click to enlarge</a>
<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/2017/07/14/AdelaideCBD2.jpg" alt="">
There are affordable freehold options within the CBD fringe. The price of properties will vary significantly, with the alternate use possibilities and development potential meaning that the investment is aligned to factors other than its office use. 
As an example of a sale, a 67 sqm office suite (above and below) at <a href="https://www.realcommercial.com.au/property-offices-sa-adelaide-501956566">401/147 Pirie Street</a> in the CBD sold recently for  $376,000 through Leedwell Property, according to Corelogic RP Data.
 <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/2017/07/14/HTWAdelaide1.jpg" alt="">
The entry-level office accommodation in suburban localities is most notably former homes converted to office use along main arterial routes, add HTW.
Along these arterial routes the demand and therefore value levels will vary significantly between locations and building types; however, similar to CBD strata suites they are predominately sold to owner- occupiers. 
Escalating outgoing costs and limited rental growth is eroding investment returns. The market is more risk adverse and low interest rates can make owner- occupation more attractive than renting, indicating that owner-occupiers are more active in this space. 
Mum and dad investors looking to acquire entry- level office space should think more broadly about alternate uses and the potential of future rezoning; and if buying a leased investment ensure that the rent is sustainable. 
Cash flow positive office investment could have a higher risk of vacancy, with the possibility of needing to offer incentives such as lower rent to attract a new tenant, however, these costs may be beyond the entry-level investor. Lessoning those risks by looking to more prominent localities such as in the inner east CBD fringe or in the CBD will possibly push the price point beyond entry-level. 
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Adelaide CBD office market stagnant, entry level assets mostly strata suites: HTW

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Adelaide dwelling values held over June quarter, according to CoreLogic’s latest update report.
The property data firm says that however the unit sector’s performance fell over the quarter.
For more information see the video below:
<iframe src="https://www.youtube.com/embed/ydpoi0iHa1U" frameborder="0" width="450" height="253"></iframe>
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Adelaide housing market update: Tim Lawless

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Adelaide has the second lowest movement in property listings compared to 12 months ago, according to CoreLogic’s latest report.
The property data firm says that Adelaide’s total listings have risen by just 0.6% to 8,116
This is compared to Canberra’s 14.8% growth.
<a href="https://www.propertyobserver.com.au/images/2017/07/18/Screen%20Shot%202017-07-18%20at%2010.07.37%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/07/18/Screen%20Shot%202017-07-18%20at%2010.07.37%20am.jpg" alt="">
Darwin has the lowest with a 0.2% rise in total listings while Hobart has the biggest decline of total listings with 29.2%.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-sa-coromandel+valley-125956098">11 Walsh Court</a>, Coromandel Valley (above) has been listed for between $470,000 to $490,000.
Built in 1982 the property was last sold in 2008 for $373,000.
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Another three bedroom house at <a href="https://www.realestate.com.au/property-house-sa-trott+park-125954210">1 Barton Drive</a>, Trott Park (below) has been listed for between $339,000 to $355,000.
Built in 1986 the property was last sold in 2014 for $325,000.
<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/2017/07/18/1%20Barton%20Drive.jpg" alt="">
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Adelaide sees very slight listing uptick: CoreLogic

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Adelaide remains the most affordable capital cities despite increasing median prices, according to Herron Todd White’s latest July report.
The property data firm says that properties are still available under $500,000.
“Whilst Adelaide remains the most affordable mainland capital city in Australia, the current median price of $432,000 (current as at 31 May 2017 according to Corelogic Hedonic Home Value Index) has increased from a median price of $410,400 (as at 30 April 2016).
“Although there are still countless properties available around $500,000, there is an increasing scarcity of detached dwellings in this price range within proximity of the CBD,” the report stated.
The market for older units and townhouses remains flat Herron Todd White advises.
“The market for older units and townhouses regardless of location remains relatively flat.
“We have focused on detached housing for investors.
“It is reasonable to expect detached housing at $500,000 or below within 20 kilometres of the city but as noted, the closer one moves towards the city, the more the quality and size of detached housing decreases at this price level.
“Demand for older units and townhouses in locations further from the city may begin to increase should prices for detached housing continue to increase,” the report advised.
New apartments in Adelaide’s CBD are attracting investors, Herron Todd White reports.
“There is an increasing supply of new apartments in the Adelaide CBD which are tending to attract investors.
“It is viewed as a more attractive option than older style inner city units and townhouses due to stamp duty rebates and potential tax reduction strategies.
“The market for properties in proximity of the CBD at this price level continues to be extremely buoyant,” the report commented.
Areas with increased in-fill development are finding driving demand from investors and developers Herron Todd White warns.
“In areas with increased in-fill development, investors and developers have been driving demand and competing with first home buyers attempting entry into the market.
“In an area such as Flinders Park situated six kilometres west of the CBD, buyers seeking properties for $500,000 a couple of years ago have now been priced out of the market as the market has improved in that area within a short period of time.
“The suburb is situated adjacent to the linear park and in between the city and the sea and has become an increasingly popular suburb as a result.
“Popular areas that offer properties around $500,000 include suburbs such as Pasadena, Hope Valley and Croydon Park.
“Pasadena is situated to the south of the Adelaide CBD and is well serviced by the popular Pasadena Foodland and shopping centre.
“Whilst sections of the suburb are undergoing some in-fill development, this suburb offers older style dwellings reasonably close to the city at an affordable price level.
“Hope Valley is situated further from the city, approximately 13 kilometres to the north-east.
“This suburb is well serviced by a number of shopping centres including Tea Tree Plaza and is also situated in proximity to the Tea Tree Plaza interchange which provides easy access to the Adelaide CBD via the O-Bahn busway.
“Croydon Park is situated to the north-west of the city adjacent to the popular suburbs of Croydon and West Croydon.
“It provides a more affordable alternative to these areas and is also adjacent the Torrens to Torrens roadway which is currently under construction.
“This will further improve access to the north and south of the city,” the report warned.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-sa-pasadena-124652922" target="_blank">76 Auricchio Avenue</a>, Pasadena (above) has been listed for between $595,000 to $650,000.
Similarly a two bedroom apartment at <a href="https://www.realestate.com.au/property-apartment-nsw-croydon+park-125793478" target="_blank">5/164 Croydon Avenue</a>, Croydon Park (below) has been listed for sale.
<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/2017/07/11/5_164%20Croydon%20Avenue.jpg" alt="">
Interest within the $500,000 to $800,000 are continuing Herron Todd White states.
“Real estate agents continue to report high levels of interest in the $500,000 to $800,000 price range within proximity of the city.
“Given decreasing supply of properties at this price level, demand will continue to be strong.
“Depending on location and general property features which tend to vary greatly, an expected rental yield for properties at this price level would be around 4% to 5%,” the report stated.
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Adelaide remains the most affordable despite increasing prices: HTW

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A sub-penthouse apartment on Adelaide's Frome street residential development The Adelaidean has sold off the plan for more than $3 million.
The apartment, designed by architects Brown Falconer  is the amalgamation of two apartments on sub-penthouse level 34, and measures more than 300sqm.
Colliers International’s Nick Pelvay and James Polacek sold the apartment, with Pelvay saying it was a sign of buyers increasingly looking to the CBD to live and invest.
“The Adelaidean was only released to the market in May and we’ve received overwhelming feedback from buyers so far, with many apartments already under negotiation,” he said.
“This is an excellent example of a development that is able to meet buyers’ changing needs and lifestyle interests.”
Mr Polacek said Adelaide’s apartment market was maturing quickly, with downsizing owner-occupiers driving demand.
“There has been significant interest from buyers looking for three or more bedrooms, with an increasing number of purchases of more than $1million,” he said.
Owner occupiers who buy off the plan apartments over the next two years get a five-year hiatus from paying rates in addition to the current stamp duty exemptions for off the plan apartments.
For more information on The Adelaidean, <a href="https://www.adelaideanliving.com.au" target="_blank">click here</a>.
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