<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;

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</main>

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

Canberra

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In Canberra, 74.5% of the 47 reported weekend auction results were sold, lower than last year when there was a 82.8%. 
Canberra prices ranged between $243,000 at Watson and $1.7 million at Red Hill.
The two bedroom 58 square metre 1970s unit at <a href="https://www.realestate.com.au/sold/property-unit-act-watson-126418694" target="_blank">5/156 Knox Street</a> last sold at $88,000 in August 1994.
The <a href="https://www.realestate.com.au/property-house-act-red+hill-126473366" target="_blank">25 Fortitude Street, Red Hill</a> offering was a four bedroom two level home designed in 2003 by Collins Caddaye Architects which sold through Peter Blackshaw agent Mario Sanfranceso.
It last sold at $1.2 million in 2011.
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j.ballantyne1990-6AQqhLzZaK

Collins Caddaye-designed Red Hill trophy home Canberra's top weekend sale

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<div dir="ltr" align="left">Canberra is in catchup mode – bucking the trend of most capital cities and recording increases in rents and house prices, said Domain Chief Economist, Dr Andrew Wilson.</div>
<div dir="ltr" align="left"> </div>
<div dir="ltr" align="left">
<div dir="ltr" align="left">The median house price in Canberra increased an impressive 4.3 per cent over the September quarter, to reach $723,980. </div>
<div dir="ltr" align="left"> </div>
<div dir="ltr" align="left">The result is 10.5 per cent higher than the same time last year.  </div>
<div dir="ltr" align="left">While median unit prices in the capital city have also increased, they jumped a smaller 1.9 per cent over the September quarter to reach $427,391; 0.5 per cent lower than the same time last year.</div>
<div dir="ltr" align="left"> </div>
<div dir="ltr" align="left">Canberra was one of only two capital cities to record a quarterly increase in median house rents, jumping 1 per cent to $505 per week. </div>
<div dir="ltr" align="left"> </div>
<div dir="ltr" align="left">Unit rents remained steady at $420 per week, up 5 per cent year-on-year. </div>
<div dir="ltr" align="left"> </div>
<div dir="ltr" align="left">Canberra was the top performer of all capitals for gross rental yields for units, recording 5.77 per cent over the quarter.  </div>
<div dir="ltr" align="left">“After relatively subdued periods of activity in recent months, Canberra is in catchup mode,” said Domain Chief Economist, Dr Andrew Wilson.</div>
<div dir="ltr" align="left"> </div>
<div dir="ltr" align="left">House price growth in the city is expected to continue, given the strong migration to the area and the undersupply of houses, Dr Wilson forecast.</div>
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Canberra's property prices in catch-up mode: Domain

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Woodlea Park, a southern New South Wales rural property, has been listed for sale.
The 1670 hectare property south of Yass is one of few holdings located within a three hour radius of both Sydney and Canberra.
<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/2017/09/26/Yass1.jpg" alt="">
It has been held by its current owners for nearly 60 years, with only two managers over the last 51 years.
The property is rated to carry 5,000 crossbred ewes and 200 Angus breeding cows and atleast 17,500 dry sheep equivalent. These will be available for the successful buyer to purchase.
They produce around 5,500 prime lambs per year and up to 180 yearling cattle for market annually.
<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/2017/09/26/Yass2.jpg" alt="" style="font-size: 12.16px;">The animals are serviced by electric wool sheds, sheep yards, cattle yards and machinery shedding.
Around 75 percent of the property has been pasture improved.
On the parcel is a four bedroom brick managers residence and two staff cottages.
Chris Meares is marketing the property for the Meares online auction scheduled for November 8.
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jonathanchancellor-7SQnKwU6yx

Woodlea Park at Yass listed for sale

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Canberra's Garema Centre has been sold to Geocon for $13.35 million.
Garema Centre, 70 Bunda Street, Canberra City is a standalone retail building, on a 1,052sqm site zoned CZ1.
Matthew Winter, Manager at Colliers International said the listing recording the highest level of enquiry for a Colliers International listed building so far this year.
“Enquiries for 70 Bunda Street far exceeded that of 50 Bunda Street, with a more diverse group looking to secure the asset," he said.
“Unlike many assets offered for sale this year, the flexibility of the 70 Bunda Street site made it an attractive option to a very broad range of buyers.
"We saw significant interest from developers, investors, student accommodation providers, owner-occupiers and hoteliers.
“We saw significant enquiry from hoteliers, and it is not surprising considering the strength of the Canberra hotel market.
"Canberra hotels were the best performing in the country, with RevPAR up 12.8 percent, compared to Australia-wide which saw an increase of just 2 percent, June year-to-date.”
Developer Geocon is looking to develop a hotel, with architects Fender Katsalidis working on the project.
Works are expected to commence in 2019.
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Geocon buys Canberra's Garema Centre

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Canberra is the third most expensive capital to purchase a unit, according to CoreLogic’s latest report.
The property data firm says that units in Canberra have a median price of $415,000.
This is cheaper than Sydney’s median unit price of $695,000, but is more expensive than Hobart’s $273,500.
<a href="https://www.propertyobserver.com.au/images/2017/08/28/Screen%20Shot%202017-08-28%20at%201.23.21%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/2017/08/28/Screen%20Shot%202017-08-28%20at%201.23.21%20pm.jpg" alt="">
Canberra is also the third most expensive place to purchase a house with the median price sitting at $605,000 compared to Sydney’s $875,000 or Hobart’s $385,000.
A three bedroom unit at <a href="https://www.realestate.com.au/property-apartment-nsw-queanbeyan-125807802" target="_blank">10/43 Anthill Street</a>, Queanbeyan (above) has been listed for between $410,000 to $425,000.
Built in 2006 it last sold for $405,000 in 2016.
A one bedroom unit at <a href="https://www.realestate.com.au/property-apartment-act-kingston-125389850" target="_blank">50/29 Dawes Street</a>, Kingston (below) has been listed for $410,000.
<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/2017/08/28/50_29%20Dawes%20Street.jpg" alt="">
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Canberra third most expensive capital to purchase units: CoreLogic

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Renovations are common in Canberra, according to a recent Herron Todd White report.
The property valuation firm says that Belconnen, Woden Valley and Weston Creek are among the suburbs popular for renovations.
“Buyers looking to renovate in the ACT tend to gravitate towards the outer areas such as Belconnen, Woden Valley and Weston Creek.
“There are also some opportunities in the inner north suburbs of Lyneham, Watson and Downer.
“The majority of these houses were built in the 1960s and 1970s and are on much larger blocks than are available in new suburbs,” the report stated.
“Significant capital growth has occurred recently Herron Todd White says.
“Recently there has been some significant capital growth in these areas and well renovated houses have been selling at a premium.
“In some cases renovators prefer the character of an older house but want the functionality of a modern home.
“This is especially true for original houses built in the 1930s, 1940s and 1950s in suburbs such as Ainslie, Braddon, Campbell and Yarralumla.
“They are relatively small houses however are often on large blocks meaning there is good potential for extension.
“The majority of renovations in the ACT are in the detached housing market.
“Unit renovations have been done however the large supply of new apartments currently on the market has meant that the profits are relatively low for these projects.
Owner-occupiers seem to be the most common to complete renovations on houses in the ACT,” the report commented.
A recently renovated three bedroom house at <a href="https://www.realestate.com.au/property-house-act-holt-125554338">13 Longworth Place</a>, Holt (above) was listed on June for $495,000.
Built in 1972 it has since been sold in July for $490,000.
Another three bedroom house at <a href="https://www.realestate.com.au/property-house-act-chifley-125970806" target="_blank">10 Eggleston Crescent</a>, Chiefley (below) has been listed for $625,000 plus.
Built in 1960 it last sold in 2016.
<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/2017/08/23/10%20Eggleston%20Crescent.jpg" alt="">
A recently renovated five bedroom house at <a href="https://www.realestate.com.au/sold/property-house-act-flynn-125394210">5 Homann Place</a>, Flynn (below) was sold in May for $746,500.
Built in 1975 it last sold for $610,000 in 2010.
<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/2017/08/23/5%20Homann%20Place.jpg" alt="">
Similarly a recently renovated three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-act-palmerston-125393934">21 Bendora Crescent</a>, Palmerston (below) was sold in May for $681,000.
Built in 2001 it last sold in 2002 for $240,000.
<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/2017/08/23/21%20Bendora%20Crescent.jpg" alt="">
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Canberra popular for renovators: HTW

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Lower end retail spaces in Canberra can be purchased from between the mid $5,000 to mid $7,000 per square metre, according to Herron Todd White’s latest June report.
The property investment firm says that waterfront locations can cost up to $10,000 per sqm as the opportunity to secure a water view is preferred over standard street frontage.
“Purchasers wanting access to the retail market in Canberra have the choice of the primary locations of Canberra City, Braddon and Kingston Foreshore, and the secondary locations of Woden, Belconnen and Gungahlin," it says.
Yields achieved for good quality accommodation in primary locations are in the range of 5.5% to 7.25%, according to HTW.
“The typical property would be a unit (strata title) in a complex comprising 50 to 150 square metres within a mixed use commercial and residential development. It would include good exposure to passing traffic and a mix of tenancy occupants such as restaurants, individual clothing retailers and boutique outlets, accompanied by an office and residential component on the upper levels."
“Secondary locations such as Woden and Belconnen are more accessible at the lower end of the market,” the report stated.
New mixed use developments are providing modern, affordable retail spaces, said Herron Todd White.
“A number of new mixed use developments are providing modern space at ground floor level which is more affordable than primary location equivalents.
“These include developments such as Mystere at Macquarie and Altitude, Northpoint Place, Belconnen.
“Market entry prices range from $2,000 per square metre to $7,500 per square metre for a 92 square metre unit with a ten year lease in an established centre.
“Yields achieved for secondary commercial properties range from 6% to 10% and reflect the strength of the lease covenant nature, age of the improvements and the type of purchaser investor or owner-occupier,” the report advised.
Presently the lower sector is stable with demand coming mostly from owner-occupiers or self-managed occupiers Herron Todd White comments.
“The lower price sector is stable at present with demand coming from self managed superannuation funds and owner-occupiers.
“The market appears to be securing long term potential over the initial yield.
“The population growth in the northern suburbs of Canberra and densification of the inner city is seeing demand for this property type grow as people enjoy the convenience of accessible local goods and services.
“Both primary and secondary locations are offering this type of property and continue to evolve.
“We are seeing the emergence of Melbourne style laneway occupants providing interesting and point of difference uses that were previously unavailable to retail uses.
“An example is No Name Lane in the city opposite Hobart Place which provides a vehicle free pedestrian zone, allowing a pleasant alternative to the typical corner shop or shopping centre space situated between two buildings.
Secondary locations are providing opportunities for purchasers to acquire property in the lower price sector at an entry level that is similar to that in prime locations, yet more affordable, the report said.
A retail showroom property at <a href="https://www.realcommercial.com.au/property-retail-act-hume-502425706" target="_blank">4 Sawmill Circuit</a>, Hume (above) has sold for $4,310,000 through Burgess Rawson, according to CoreLogic data. It sold after just four weeks on the market.
Similarly, an office building at <a href="https://www.realcommercial.com.au/property-land+development-act-bruce-502430022" target="_blank">15 Thynne Street</a>, Bruce (below) has been put on the market through CBRE. It last changed hands for $3,200,000 back in 2004, CoreLogic RP Data shows.
<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/2017/06/23/15%20Thynne%20Street.jpg" alt="">
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Retail spaces available in Canberra between $5,500 to $7,000 per sqm: HTW

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A two-storey commercial building in Canberra, with a 15-year lease to a national childcare provider, has been put on the market with price expectations of $6,500,000 through Savills.
The corner property at <a href="https://www.realcommercial.com.au/property-offices-act-bruce-502470178" target="_blank">22 Thynne Street</a> is within the Fern Hill Technology Park in the Canberra suburb of Bruce. 
The ground floor is wholly tenanted by Guardian Early Learning Centre until 2029, while there are two new five-year leases to new tenants.
The first floor has been upgraded. The works included reconfiguration to three office tenancies and an upgraded common area for more than $850,000 over the past few years.
The property has an estimated net income of $464,495 pm (fully leased).
The listing agents are Andrew Stewart and LeeAnne Hobbs of Savills.
Stewart said childcare centres continue to maintain their status as one of Australia’s most sought after asset classes.
Recently, guest observer Michael Kark wrote that though the Early Childhood Development and Care industry has been an asset class with strong returns for many years, however, recently the new government childcare rebates, coupled with a number of other well-timed market changes, have seen this particular asset class truly become one to watch for investors.
In the past two years, the child care market has seen a rise in transactions and record yields driven by increased competition from national organisations looking to expand their portfolios, says Savills.
Added to that the suburban Canberra market has remained stable for small to medium commercial properties over the past 12 months with the majority of demand generated by owner-occupiers and small investment syndicates.
“Yields of 5.50% - 7.30% have been achieved consistently throughout 2016, with a Chatswood sale recording a yield of 3.90%,” Stewart said.
“We predict these sorts of properties will continue to attract strong results through the medium to long term nature of their leases and their statutory obligation to be fastidiously maintained” he said.
The property has a CZ5- Mixed use zoning and is for sale by expressions of interest concluding September 6.
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Canberra building anchored by childcare centre listed with $6.5 million hopes: Savills

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Property investors in Canberra now have to do more to secure a good investment, according to Herron Todd White’s latest August report.
The property data firm says that this is due to first home buyers having more options.
“Recent changes to lending and legislation, aimed at enabling first home buyers to enter the market, has had an effect on property investors looking to expand their portfolios.
“These measures were introduced in an effort to allow first home buyers to be more competitive in a heated market.
“As a result, property investors looking for an asset with good yield and growth will have to do their research and be willing to go the extra mile to secure a pro table investment.
“Unlike other states, the ACT has not introduced a scheme which cuts stamp duty for first home buyers.
“There are some incentives available via the government and private developers however nothing similar to those in New Sourth Wales and Victoria,” the report stated.
An increase in the number of apartments have resulted in slow growth for this market Herron Todd White commented.
“With the increased supply of apartments coming onto the market over the next year, the ACT has seen relatively slow growth for this style of property with some properties loosing value.
“However, rental demand for apartments has remained strong despite the increase of supply.
“If property investors are chasing yields and not capital growth, purchasing a new apartment may be a good option.
“This is particularly relevant for apartments in the CBD and district centres such as Woden, Tuggeranong, Belconnen and Gungahlin.
“It should be noted that new apartments in Molonglo Valley, Gungahlin and Tuggeranong may experience low to no capital growth over the next few years due to increasing supply,” the report commented.
A two bedroom apartment at <a href="https://www.realestate.com.au/property-apartment-act-curtin-421762474" target="_blank">16/1 Waddell Place</a>, Curtin (above) is available for rent for $400 per week.
Built in 1995 the property was last sold in 1999 for $149,750 before being rented in 2014 for $345 per week.
Another two bedroom apartment at <a href="https://www.realestate.com.au/property-apartment-act-braddon-421756402" target="_blank">30/11 Ijong Street</a>, Braddon (below) is available for $450 per week.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/09/30_11%20Ijong%20Street.jpg" alt="">
Rental yields for detached housings remain steady Herron Todd White advises.
“Rental yields in detached housing have remained steady but like other capital cities, capital growth has been very strong.
“An option for investors in the ACT may be to purchase a vacant block through the Mr Fluffy Asbestos Removal Scheme.
“There are several hundred blocks being introduced to the market most of which are in sought after established areas.
“Land banking one of these blocks and either selling or developing later may be a pro table option providing investors are able to cover the initial costs.
“However, developers should be wary of the changes to the Lease Variation Charge which took effect on the 1st of July 2017.
“These changes have significantly increased the fee required to build multiple units on residential blocks,” the report advised.
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Savvy Canberra property investments harder to secure: HTW

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The light rail project planned for Canberra will ultimately benefit the city, according to a survey of commercial property owners by Colliers International Research.
Whilst divided on the technology, project timing and future routes, commercial property owners along the Northbourne Avenue corridor are generally positive about the light rail project, the survey noted.
The Colliers International’s ACT Light Rail Survey revealed that commercial property owners believe it will likely provide an economic boost to local business, employment and encourage further investment into the CBD and ACT region from interstate and offshore groups.
“Whilst there was strong consensus amongst owners of the benefits, they noted concerns about the long-term viability of the project given that newer technologies may supersede light rail once construction of the entire network is completed,” said Matthew Winter, manager at Colliers International. 
Valuation firm Herron Todd White had noted earlier this year that the light rail project may have an effect on residential property prices in suburbs serviced by the transport system.
The project’s timing was heavily debated, with varying options on when to introduce the next stages and which town centres should be prioritised.
“Despite not necessarily supporting the proposed technology, half the owners surveyed said now is the right time for light rail to be implemented and indicated the project would serve as a catalyst to reinvigorate tired gateways.
“Owners indicated the light rail network should expand from CBD to Woden next (33 percent) and Canberra Airport (30 percent),” said Matthew.
<a href="https://www.propertyobserver.com.au/images/2017/08/01/LightRailGraph1.png" target="_blank">Click to enlarge</a>
 <img src="https://www.urban.com.au/images/2017/08/01/LightRailGraph1.png" alt="">
Almost half the owners surveyed felt the light rail would have little to no impact on traffic congestion, though it was a fundamental objective of the infrastructure project.
They believe Canberrans will use light rail to commute to and from work, assuming the stops were near office locations and viable Park-and-Ride solutions are provided by the ACT government.
In fact, owners were concerned with the lack in clarity about transit times and fares, which could make passengers commute by car, finding it a cheaper and more direct option, despite traffic congestion.
<a href="https://www.propertyobserver.com.au/images/2017/08/01/LightRailGraph2.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/08/01/LightRailGraph2.png" alt="">
“Overwhelmingly, owners believe light rail will improve the value of their property,” said Matthew.
“This seems to support the notion that further amenity and infrastructure along the corridor will have a positive benefit for owners through improved tenant retention, increased accessibility, and provide a solution to the current parking shortage, particularly in areas such as Braddon.”
The Colliers report revealed that after the announcement of Stage 1 of the project, 50 percent of property owners along Northbourne Avenue and Flemington Road corridor looked at developing or selling their building for residential purposes. 
<a href="https://www.youtube.com/watch?v=tOOcZ0xolOY&amp;feature=youtu.be" target="_blank">Click here</a> to watch the video.
 
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