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.

Joel Robinson

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]

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
</main>

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

A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

[smartcode_project:default project_id=150999 project_image_fid=374005]

The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

[smartcode_project:default project_id=150999 project_image_fid=374010]

Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

[smartcode_project:default project_id=150999 project_image_fid=374002]

“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

[smartcode_project_cta:default project_id=150999]

Maréa Residences brings parkside apartments to Coolangatta

Melbourne developer PDG has secured Victorian Government approval for its $1.5 billion Southbank development <a href="https://www.apartments.com.au/new-apartments/the-one-1-queens-bridge-street-southbank-vic-3006">The One</a>, clearing the way for the long-dormant riverfront site opposite Crown to finally be developed.

The Minister for Planning has approved the project at 1-29 Queens Bridge Street, with the Department of Transport and Planning issuing the planning permit following its assessment.

The approval will allow PDG to develop the prominent 5,059 sqm site with a major mixed-use tower comprising premium apartments, including branded residences, a luxury hotel and boutique office space.

PDG acquired the site in late 2024, with its position directly opposite Crown's main entrance and near Melbourne's Arts Precinct making it one of Southbank's most significant remaining development opportunities.

<img alt="PDG" data-entity-type="file" data-entity-uuid="3933013e-6332-4386-b9be-089df05caf17" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.22%E2%80%AFAM.png?VersionId=sITIgBqDL0N3VNSMwWEmF5UA.uvcsRyu" />

Designed by COX in collaboration with ODO and PDG, the tower's architecture draws on the movement of the Yarra River, with six vertical pleats running the height of the sculpted facade.

The project will also see the heritage-listed Queens Bridge Hotel restored and incorporated into the development&nbsp;with new hospitality and public uses, including a rooftop venue.

A significant component of The One will be its residential amenity.

More than 5,000 sqm of resident facilities will be delivered across a single level, making it one of the largest consolidated residential amenity offerings proposed in an Australian apartment development.

The planning approval also incorporates a major upgrade of Queensbridge Square, which PDG will deliver in partnership with the City of Melbourne.

<img alt="PDG" data-entity-type="file" data-entity-uuid="73167fcd-1031-4b6f-a408-a064cfe45ed1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.17%E2%80%AFAM.png?VersionId=Pf1AEWxw6SNmBqR0zQW5lyEze.MtxgFp" />

The existing square will be revitalised as a new civic and pedestrian space along the Yarra River, strengthening the connection between the project, Southbank and the riverfront.

PDG Founder and Managing Director Vince Giuliano said the approval represented a major milestone for a site which has remained largely underutilised for more than 15 years.

“This is the most significant Planning Permit approval Melbourne has seen in recent years,” Giuliano said.

“For more than 15 years, this site has remained underutilised. This approval enables us to deliver a project that will contribute meaningfully to the revitalisation of Southbank, restore and reactivate an important heritage building, and create a new civic and hospitality destination for Melbourne.”

The latest approval follows an earlier planning permit issued by the City of Melbourne covering demolition works across part of the site at 9-29 Queens Bridge Street. Those demolition and early works are already underway.

PDG has also started generating early interest in the residential component from owner-occupiers ahead of a planned public launch in early 2027.

PDG secures approval for $1.5bn Southbank apartment development, The One

Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

&nbsp;

Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

First look: Harridan plans Burke Street transformation beside Boggo Road transport hub

Industry

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This week Laurence sits down with the CEO and Founder of <a href="https://www.binyan.com.au/">Binyan Studios</a> Andrei Dolnikov. Amongst other things they discuss the company's humble beginnings in Andrei's lounge room to the importance of having an understanding of not just architectural design but also photography. 

<iframe allow="autoplay" frameborder="no" height="166" scrolling="no" src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/616830504&amp;color=%23ff5500&amp;auto_play=false&amp;hide_related=false&amp;show_comments=true&amp;show_user=true&amp;show_reposts=false&amp;show_teaser=true" width="100%"></iframe>
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urban.com.au

Podcast - Episode 51: Binyan Studios' Andrei Dolnikov

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Since its inception in 2015, Wipeout Dementia has attracted support from across the property industry, including a number of regular senior executive surfers and generous donors, in addition to raising close to $1 million in funds and generating widespread media coverage.

Ambassadors for Wipeout Dementia are Richard Grellman AM, Chairman of IPH Limited and former Chairman of The Association of Surfing Professionals (International) Limited, and 1978 World Surfing Champion Wayne "Rabbit" Bartholomew AM.

Wipeout Dementia is held in honour of Richard Grellman’s wife, Suellen, who was diagnosed with young onset Alzheimer’s disease aged 61, and is now in advanced stages of the disease, requiring full-time, high level care aged just 68. Dementia is the second leading cause of death in Australia and the leading cause of death in the United Kingdom.

<blockquote>
"Dementia is now estimated to cost Australia more than $15 billion annually. By 2056 the total cost of dementia is predicted to increase to more than $36.8 billion in today’s dollars.

Clearly we need a colossal increase in funding to support key research to alter the course of dementia forecasts. The projections clearly indicate this is only going to increase.” 

- Richard Grellman AM, Wipeout Dementia Ambassador and Spokesman for The Dementia Momentum
</blockquote>

Without a medical breakthrough, the number of people with dementia is expected to reach 1,100,890 by 2056 (nearly 3 times as many as today).The number of new Australian cases of dementia are projected to increase from current rates of 244 people per day to over 650 people per day by 2056.

With people aged 65 and over set to comprise over 20% of the population within the next decade and dementia now the single greatest cause of disability in this demographic, senior executives across Sydney’s property industry joined forces at Bondi Beach on Friday, 23 November to Wipeout Dementia - raising $150,000 for key dementia research at the Centre for Healthy Brain Ageing (CHeBA), UNSW Sydney. 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/wipeout_dementia_nov_2018.jpg" rel="gallery-all" title="Wipeout Dementia 2018. Image: Supplied"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/wipeout_dementia_nov_2018.jpg?itok=wFbS7c1q" title="Wipeout Dementia 2018. Image: Supplied" width="580"></a>

<figcaption>Wipeout Dementia 2018. Image: Sprout Daily</figcaption></figure>Surfers in the 23 November Wipeout Dementia event represent many organisations across the property industry including Colliers International, Aoyuan International, Lendlease, The GPT Group, Ray White Commercial, State Property, m3property, Sense Projects, AMP Australia and Shape Australia. 

Four teams of surfers were brought to the Wipeout Dementia cause by Avenor Director Peter Clemesha, Director of Bates Smart Philip Vivian, Craig Rodgers of Charter Hall and Steve Watson, Managing Director of Steve Watson &amp; Partners. The teams and participants were as follows:

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/clemos_diehards.jpg" rel="gallery-all" title="Clemo's Diehard Surfers. Image: Sprout Daily"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/clemos_diehards.jpg?itok=ttlp0Pvg" title="Clemo's Diehard Surfers. Image: Sprout Daily" width="580"></a>

<figcaption>Clemo's Diehard Surfers. Image: Sprout Daily</figcaption></figure>CLEMO’S DIEHARD SURFERS – captain Peter Clemesha of Avenor

<ol>
<li>Wayne “Rabbit” Bartholomew – 1978 World Surfing Champion</li>
	<li>Peter Clemesha – Director, Avenor</li>
	<li>Ali Clemesha – Account Manager, NewsCorp</li>
	<li>Joel Ducey – Director, m3property</li>
	<li>Matthew Faddy – Head of Office &amp; Logistics, The GPT Group</li>
	<li>Badier Kubis – Head of Projects, Tango Projects</li>
	<li>Jeff Moxham – Managing Director, Ray White Commercial</li>
	<li>David Scardoni – Director, Stamford Capital Australia</li>
	<li>George Sharpe – Builder Broker, Haigs Builder Brokers</li>
</ol>
<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/phils_goats.jpg" rel="gallery-all" title="Phil's Goats. Image: Sprout Daily"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/phils_goats.jpg?itok=yBPs9N71" title="Phil's Goats. Image: Sprout Daily" width="580"></a>

<figcaption>Phil's Goats. Image: Sprout Daily</figcaption></figure>PHIL’S GOATS – captain Philip Vivian of Bates Smart

<ol>
<li>Darren Beasley – Deputy General Manager, Aoyuan Property Group</li>
	<li>Mark Gross – Director, Morgans Financial</li>
	<li>Peter Kleijn – Design Manager, Winten Property Group</li>
	<li>Brett Newman – CEO, State Property</li>
	<li>Karl Riedel – Finance Lead for Asia Pacific Buildings &amp; Infrastructure, Jacobs/SKM</li>
	<li>Adam Russell – Principal Architect, Roberts Day</li>
	<li>Martin Taylor – NSW Architect, Creatures of Habitat</li>
	<li>Chris Tootell – Senior Project Manager, Tango Projects</li>
	<li>Philip Vivian – Director, Bates Smart</li>
</ol>
<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/cliffs_carvers.jpg" rel="gallery-all" title="Cliff's Carvers. Image: Sprout Daily"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/cliffs_carvers.jpg?itok=YdNAvBHv" title="Cliff's Carvers. Image: Sprout Daily" width="580"></a>

<figcaption>Cliff's Carvers. Image: Sprout Daily</figcaption></figure>CLIFF’S CARVERS – captain Craig Rodgers of Charter Hall

<ol>
<li>Scott Anderson – Director, Colliers International</li>
	<li>Brett Eichhorn – Director, Sense Projects</li>
	<li>Vince Kernahan – National Director, Institutional &amp; Investment Services (NSW), Colliers International</li>
	<li>Darren Mansfield – Practice Director, Context</li>
	<li>Stephen Newey – Director, Head of Operations &amp; Sustainability – Jones Lang LaSalle</li>
	<li>Craig Rodgers – Innovation Lead, Charter Hall</li>
	<li>Anthony Scotts – Director, AWM Commercial Furniture &amp; Joinery</li>
	<li>Sam Wicks – Director, Baldwin Wicks</li>
	<li>Phill Wicks – General Manager, Shape Australia</li>
</ol>
<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/wattos_waverhunters.jpg" rel="gallery-all" title="Watto's Wavehunters. Image: Sprout Daily"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/wattos_waverhunters.jpg?itok=hJkaEhxz" title="Watto's Wavehunters. Image: Sprout Daily" width="580"></a>

<figcaption>Watto's Wavehunters. Image: Sprout Daily</figcaption></figure>WATTO’S WAVEHUNTERS – captain Steve Watson of Steve Watson &amp; Partners

<ol>
<li>Pip de Rohan – Director of Strategy, Project One</li>
	<li>Rodney Jamieson – Business Development Director – FDC Construction &amp; Fitout</li>
	<li>Patrick Nicholas – Director, AN+A</li>
	<li>Iain Pretty – Projects Director, AMP</li>
	<li>Anthony Roberts – Senior Project Manager - Lendlease</li>
	<li>Craig Shelsher – Director, Custance Associates</li>
	<li>Duncan Young – Head of Health &amp; Wellbeing, Property - Lendlease</li>
	<li>Steve Watson – Managing Director, Steve Watson &amp; Partners</li>
</ol>
<h2>Awards</h2>

Most Valuable Player awards this year, voted by the teams Captains, went to Stephen Newey of Cliff’s Carvers, Darren Beasley of Phil’s Goats, Ali Clemesha of Clemo’s Diehards and Patrick Nicholas of Watto’s Wavehunters. 

Campaign MVP awards went to Darren Beasley and George Sharpe who were nominated by Heidi Douglass, creator of Wipeout Dementia and coordinator of the event due to their extraordinary personal efforts to increase corporate sponsorship, raise funds, attendance at all events and referral of new property industry surfers, respectively taking home a Hurley Wetsuit and Scentre Group voucher alongside Hurley merchandise.

Two Wipeout Awards were taken home this year: first was an attempt at a barrel roll on the shorey that ended up being drydocked from third time participant Peter Kleijn and the other was a total commitment to a wave that saw team captain Philip Vivian receive a headbutt from his board.

This year’s top scoring Wave of the Day award went to Matthew Faddy who, after producing multiple back hand snaps got to take home a pack of Hurley and DHD merchandise.  Second and third highest wave scorers in this round who took home DHD leg ropes, hoodie towels and caps were Anthony Scotts and Scott Anderson. 

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/zyG4WgwIoIQ" width="560"></iframe>

The surfing event, which supports The Dementia Momentum initiative at CHeBA, also aims to highlight the global social and economic impact of dementia. 

Richard Grellman confirmed that the property industry executives had well surpassed their target raising over $150,000 to advance the large-scale, “big data” research being conducted at CHeBA.  

To sponsor one of the Wipeout Dementia participants go to: <a href="https://cheba2.everydayhero.com/au/2018-property-industry-wipeout-dementia/members" rel="noopener noreferrer" target="_blank">https://cheba2.everydayhero.com/au/2018-property-industry-wipeout-dementia/members</a>

For more information about the Centre for Healthy Brain Ageing (CHeBA), visit <a href="http://www.cheba.unsw.edu.au/" rel="noopener noreferrer" target="_blank">www.cheba.unsw.edu.au</a> 
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Industry does its part to help 'Wipeout Dementia' raising over $150K

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Property investors are driven primarily by ROIs, especially in today’s market. Yet combating inflammatory media headlines predicting the property bubble will burst can make it difficult for even the most level-headed of investors to come to grips with where and when it’s best to invest. The facts remain that good yields are still being achieved.

As the property market is cyclical, there are still good commercial property investment opportunities here in Australia. Some areas of the country may be experiencing a cooling market, but there are profits to be made in Melbourne if you are smart.

There is never really a ‘bad time’ to invest, only shorter and longer-term strategies in play. Capital growth can be expected from property investment, irrespective of market forces and changing pressures; history proves this.

<h2>The current commercial market</h2>

For those looking to invest, it’s worth noting that competition in commercial property is rising.

While interest rates are low, returns in Australia have plateaued in recent years. Retirees using interest gained on money sitting in banks to fund their day-to-day lives can expect a return of around 2 to 2.5% in interest, before tax. This is significantly less than previous years, especially for baby boomers, which means other avenues of generating capital are increasingly being explored – one of which is commercial property.

The increased investor interest and competition in commercial property is naturally placing an added pressure on the Australian market – this is a key challenge in the industry today that we at CVA have recognised.

The average commercial property yields are currently around 5 to 6%. The high demand from investors is a key driver here, but remember, the property market is constantly shifting. External forces play a major part in how the market fares and we could be in a different position by the end of the year.

However, it’s not all about the yields! Although high returns on capital are what many clients say that they’re after and strategising for optimal yields are a fundamental aspect of a successful commercial property portfolio, it is important to recognise that they aren’t the be all and end all.

This is particularly true in an industry that shifts frequently – it is dangerous to be distracted by short-term returns. For example, investors are often attracted to country properties for the higher prospective returns, but in the long term this isn’t always the best strategy as it can take longer to find tenants. We recommend that investors take the time to understand what and where they are investing, coming to grips with the local market.

<h2>A better bet than residential?</h2>

With office and industrial space in Melbourne currently in high demand, now more than ever is an ideal time to turn your attention towards commercial property and consider it as a viable investment solution.

The demand for commercial property means once you have invested, it’s likely you will find tenants quickly. Work spaces of all shapes and sizes are sought across the state and there are many commercial opportunities that include mixed use dwellings. These provide the ability to lease the space to multiple tenants resulting in multiple incomes.

In addition, tenant stability tends to be stronger compared to residential properties. Leases usually last between three and 10 years, because the tenant has often invested a lot more into a commercial property and would prefer to stay in the one location.

In general, commercial property is more successful as a long-term investment as it generates a higher yield over time. This rings true in today’s market; those who are willing to wait it out in Melbourne will see the benefits. Avoid the fear mongering news headlines and focus on the fundamentals – there will always be opportunities in property.

Anthony Carbone is the Northern Region Director at <a href="https://www.cva.melbourne/">CVA Property Consultants</a>. 

Anthony began his career in real estate in 1984, moving to the commercial and industrial sector in 1985 and then joining CVA in 1995. 

His record of success is reflected not only by exceptional Sales and Leasing results, but also by the proportion of clients who return to Anthony whenever they require advice for commercial or industrial property or wish to sell or lease their property.
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Anthony Carbone

Is now a good time to invest in commercial property?

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On this week's episode I catch up with an old friend in <a href="https://www.figr.com.au/">Figr Architecture</a>'s Michael Artemenko and discuss his experiences during the course of his architectural career and how these ultimately helped him in founding Figr along with co-director Adi Atic. 

Michael and I briefly reminisce about our time working together at Kerstin Thompson Architects, which is where we met and the influence this had on both our careers.

We also discuss the challenges of establishing your own firm and the massive learning curve of such a decision and ensuring a good office culture is fostered in which staff look forward to coming into the office and aren't required to do unnecessary overtime.

The value architects add to projects and how the industry could do more to promote this also rates a mention, with Michael citing Open House as a great initiative, and one which Figr have found to be extremely beneficial in communicating their work to the public.

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Laurence Dragomir

Weekly Podcast: Episode 29 - Figr Architecture's Michael Artemenko

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Based around the core theme of "It's all in the detail" for 2018, the 32nd annual DesignBUILD expo wrapped up last Friday, with a number of topics being discussed by industry experts over the course of the three day event, which took place at the Melbourne Convention and Exhibition Centre. 

Amongst them, was the Build-to-rent model and the a key role it could play in addressing Australia’s housing crisis. However, there was a general consensus that for this to be implemented successfully the tax system needs to adapt and more government incentives would need to be introduced, according to industry experts speaking at the event.

Also a hot topic at DesignBUILD was the advent and adoption of prefabrication as another potential solution to the housing affordability crisis due to its efficiency, lower costs and construction time.  The biggest challenge facing the industry in making this type of construction more mainstream in Australia, however, is educating consumers of the time and cost benefits of prefab construction without the quality suffering.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/1w8a2243.jpg" rel="gallery-all" title="DesignBUILD 2018 was centred around the theme &quot;it's all in the detail&quot;. Image: Supplied"><img alt="" class="image-article-full-width-580px" height="580" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/1w8a2243.jpg?itok=uiLhnBRZ" title="DesignBUILD 2018 was centred around the theme &quot;it's all in the detail&quot;. Image: Supplied" width="580"></a>

<figcaption>DesignBUILD 2018 was centred around the theme "it's all in the detail". Image: Supplied</figcaption></figure>DesignBUILD comprises a trade exhibition for manufacturers and suppliers, alongside two seminar and education programs.

Apartments.com.au was on hand during day two and attended two of the seminar presentations, exploring topics in innovation, with presentations on new products and materials leading change in global build and design solutions as well as insights into prefab construction, and whether it is a threat or an opportunity for building and construction.

Two of the presentations Apartments.com.au attended are outlined below;

<h2>Future Proofing Commercial Buildings: How design and construction needs to adapt for the workplace of the future</h2>

<ul>
<li>Anneke Thompson - Colliers International</li>
	<li>Eliza Owen - CoreLogic</li>
	<li>Nick Travers - Technē Architecture and Interior Design</li>
	<li>Tim Phillips - Tilt Industrial</li>
	<li>Prof. Des Smith - Deakin University</li>
</ul>
Professor Smith argued that trends for workplace design come and go but it's critical that the shell of the building is well designed and robust enough that it is still standing in 100 years time. He used the DCM-designed Melbourne Exhibition Centre as an example where the architects designed the shell for others to then come in and curate - everything below the structural supports for the immense roof.

Nick Travers discussed some of the learnings that could be taken from the office's experience in the hospitality sector and how these could be applied to the design of workspaces particularly when retrofitting old warehouse shells or within other adaptive re-use projects for offices.

Colliers' Anneke Thompson, who chaired the discussion spoke about the importance of a well-designed workplace and the culture it creates in ensuring staff retention for businesses.

<h2>Changes in Buyer Expectations: From the cookie cutter to bespoke materials, fixtures and fittings with an artisanal appeal</h2>

<ul>
<li>Stephen Crafti</li>
	<li>David Allt-Graham - MAB Corporation</li>
	<li>Debbie Ryan - McBride Charles Ryan</li>
	<li>Jeff Provan - Neometro</li>
</ul>
Moderated by Stephen Crafti, one of Melbourne's most prolific architecture and design writers, the presentation focused on the changing attitudes towards apartment living and how people's expectations and demands have changed since the early 90's.

David Allt-Graham spoke about MAB's experience in Docklands and the changing demands of prospective buyers, particularly with regard to amenities and communal areas. Discussing MAB's latest project, Escala within the NewQuay precinct, Allt-Graham spoke about how they aimed to bring in elements of the CBD to the design while commenting on the impacts of the new Better Apartment Design Standards (BADS) might have on the market.

Debbie McBride spoke of the firm's use of colour and the impact it can have on purchasers - a feature that provides a distinguishing quality to a development- and how this played out on the QVII and Quays developments, working with different developers. On the topic of apartment standards, McBride noted that despite QVII being a highly lauded project, if you were to apply the BADS rigorously then most of the apartments wouldn't comply yet they are well designed and highly sought after.

There was a general consensus amongst the panel that although the BADS would raise the quality of apartments being delivered at the lower end of the market, one unintended consequence is that it might hinder design innovation at the upper end.

Beyond the speaker sessions, a range of new products and service providers were on display, with fixtures, fittings, electricals and new home innovations. International exhibitors showcased innovations in bamboo whilst local supplier, Aircharge shared new ways to power electronic devices. Plant walls and interior décor ideas were also in abundance.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/244a8392.jpg" rel="gallery-all" title="One of the many panel discussions at DesignBUILD 2018. Image: Supplied"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/244a8392.jpg?itok=MC2NKuzP" title="One of the many panel discussions at DesignBUILD 2018. Image: Supplied" width="580"></a>

<figcaption>One of the many panel discussions at DesignBUILD 2018. Image: Supplied</figcaption></figure><blockquote>
DesignBUILD is about bringing together people who are talking about the big topics that the industry is starting to deal with, and most importantly looking to drive change.

With the Australian population continuing to swell at such a fast rate, this is a crucial time for the architecture, building, construction and design communities to come together and discuss some of the big challenges faced by their industries, and that’s what DesignBUILD is all about. We’re delighted to be able to bring together experts from across the country and provide this forum of discussion.

We can’t wait to come back next year with an even bigger and better program. Each year DesignBUILD grows and we welcome more attendees, we can’t wait to see what else we can achieve.

- Pia Argiratos, Conference Director  
</blockquote>

DesignBUILD 2019 will be on next year from Tuesday 14 May – Thursday 16 May 2019 at the International Convention Centre Sydney, Darling Harbour.
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DesignBUILD wraps up for another year

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DesignBUILD is returning for its 32nd year from Wednesday 2 to Friday 4 May, with a central theme of ‘it’s all in the detail’, featuring a trade exhibition that will showcase service providers such as PowerHouse prefabricated homes, Wattyl Paint and Swiss Krono Group, to name a few.

Alongside the trade exhibition are two paid speaker and education programs, curated to cover the themes of industry compliance, sustainability and innovation, including panel discussions on topics such as build to rent, property resale and commercial buildings of the future.

Keynote speakers Michael McCormack (Milieu Property Group), Robert Simeoni (Robert Simeoni Architects) and Simon Knott (BKK Architects) will be joining the town planners and design panel to discuss how the growth of Melbourne as an international city depends on a successful working relationship between developers, architects and town planners.

Alongside the speaker program, DesignBUILD’s ‘Incubator’ is a creative pavilion at the trade show that champions innovative thinkers and gives them a proven, commercial platform to launch their inventions.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/designbuild_day_1_0291.jpg" rel="gallery-all" title="Photo from last year's DesignBUILD conference. Image: Supplied"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/designbuild_day_1_0291.jpg?itok=M9i15Dbe" title="Photo from last year's DesignBUILD conference. Image: Supplied" width="580"></a>

<figcaption>Photo from last year's DesignBUILD conference. Image: Supplied</figcaption></figure>The five most innovative entries are judged by an industry advisory panel against a set of criteria covering: innovation, creativity, sustainability and proposed impact on industry.

In another project, DesignBUILD’s RAW allows university students from architecture and design disciplines to experience the full tender and construction process as they compete to have their designs built as key feature areas on the show floor.

Speaking to Apartments.com.au last month, conference director Pia Argiratos stated that one of the key outcomes for the conference was to stimulate big picture thinking, but also give pragmatic information that visitors can use in their next project.

<blockquote>
The conference program is focused on how we can do things better, from improving the sustainability of our buildings, to changing how project teams work together using technology and collaborative processes.

We talk about how the design of a building can influence the wellbeing of people who live and work there, and what our communities might need from buildings in the future. These kinds of improvements come from the combination of new approaches in design as well as new, innovative products that solve problems. DesignBUILD offers an opportunity for the entire industry to communicate and learn together as a team.

For me, “It’s all in the detail” talks of improvement by increments, so if we can give people information that helps them tweak their work here and there to become a bit better each day, then we have contributed to the industry and the community.

- Pia Argiratos, DesignBUILD 2018 Conference Director
</blockquote>

<h2>What: </h2>

DesignBUILD is the only dedicated trade show to bring together Australia’s architects, building professionals, contractors and design community together with manufacturers, suppliers and service providers for three days of unrivaled networking and inspiration.

The event encompasses a trade exhibition alongside two paid education offerings, curated to cover the themes of industry compliance, sustainability and innovation.

<h2>When: </h2>

<ul>
<li>Wednesday 2 May 10:00am to 6:00pm</li>
	<li>Thursday 3 May 10:00am to 6:00 pm</li>
	<li>Friday 4 May 10:00am to 4:00pm</li>
</ul>
<h2>Where: </h2>

Melbourne Convention and Exhibition Centre, 1 Convention Centre Place, 
South Wharf VIC 3006

For more information on the speaker series see below: 

https://designbuildexpo.com.au/speaker-series/
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DesignBUILD2018 kicks off next week and "It's all in the detail"

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GUEST OBSERVER
The Australian Bureau of Statistics have released the annual State Accounts.
The State Accounts provide annual estimates of output growth by state, Gross State Product. Quarterly estimates are not available.
The accounts for the 2014/15 financial year (July to June) confirm that a growth transition is underway. The mining states of the north-west, Qld and WA, are slowing; while the southern states, Victoria, South Australia and Tasmania, are improving.
Western Australia, despite a loss of momentum, still managed to top the growth charts in 2014/15, at 3.5%, moderating from 5.6%. The two largest states came in next, with Victoria at 2.5%, accelerating from 1.0%; and NSW, at 2.4%, rounding up from 2.3%. Next were South Australia, at 1.6%, rebounding from a soft 0.8%; and Tasmania, also at 1.6%, extending its recovery from 1.3%. Qld tumbled from 2nd place to 6th, with output growth of only 0.5%, slowing from 2.8%.
The maturing of the mining investment boom, as construction work on major gas and iron ore projects is progressively completed, was central to the loss of momentum in WA and Qld. Across the south-east, conditions benefitted from the significant easing of monetary conditions - with record low interest rates and a sharply lower currency. 
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Western Australia 
Output growth in the West slowed to 3.5% in 2014/15, from 5.6%, although that was still a little better than the state government forecast of 3.25%. The 2014/15 outcome is the slowest pace since 2008/09 and is below the state's long-run average of 4.7%. 
The state government expects growth to slow further in 2015/16, to 2.0%, with state demand expected to contract for a 3rd consecutive year. 
By industry, mining was the major driver of growth in 2014/15, contributing 3.0ppts of the 3.5%, as iron ore exports expand. Having said that, the contribution from mining was a moderation from 3.8ppts the year prior. A loss of momentum in 2014/15 was evident across: agriculture, construction, and real estate. 
Queensland 
The Qld economy slowed significantly as work on major gas projects neared completion and before output from these projects ramped-up. GSP growth was only 0.5% in 2014/15, moderating from 2.8%, well below the state's long run average of 4.0% and the softest outcome since 2010/11 and before that, 1990/91. 
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The outcome for 2014/15 fell short of the state government's forecast of 2.0%. The government expects GSP growth to bounce to 4.5% in 2015/16 as gas export begin to flow.
By industry, mining output added 0.6ppts to growth in 2014/15, up from 0.4ppts for the two previous years. Construction was the swing factor, turning from a +1.4ppts in 2013/14 to a –1.5ppts. Professional business services was also a headwind in 2014/15, subtracting 0.3ppts.
NSW
The NSW economy grew by 2.4% in 2014/15, rounding up from 2.3% in 2013/14 and an improvement on 2.0% in 2012/13. The outcome is in line with the state's long-run average (2.5%) and the forecast of the state government (2.5%). The government expects a strengthening to 3.0% in 2015/16.
While overall output growth was little changed in 2014/15, this masked a number of changes at the industry level. The key service sectors (namely, retail, hospitality, recreational services, education and communications) had a stellar year - together contributing 1.1pts to growth, up from 0.1ppt in 2013/14 and eclipsing the previous peak of 1.0ppt in 1994/95. This was offset by a moderation across a number of industries.
Victoria
The Victorian economy experienced a significant rebound following a couple of disappointing years. GSP grew by 2.5%, up from 1.0%, an outcome close to the state's long-run average of 2.7% and a little above the state government forecast of 2.25%. The government expects growth of 2.5% in 2015/16.
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As in NSW, the key service industries strengthened, adding 0.7ppts, up from 0.4ptps. In addition, it was a good year for both construction (0.5ppts) and finance (0.4ppts), as the housing sector responded strongly to low interest rates and an expanding population. 
South Australia 
SA's economy bounced back, expanding by 1.6%, following a sluggish 0.8% gain in 2013/14. As with NSW and Victoria, the key service sectors were the growth engine (particularly retail, hospitality and communications), adding 0.6ppts, up from only a 0.1ppt contribution in the previous year. Health, finance and real estate added 0.9ppts, up from 0.6ppts, while conditions were mixed elsewhere. 
The outcome for 2014/15 of 1.6% was only a touch shy of the 1.75% expected by the state government, ahead of an anticipated rise of 2.0% in 2015/16. 
Tasmania 
Tasmania's economic recovery continued, output grew by 1.3% in 2013/14 and increased by 1.6% in 2014/15, following a contraction of 1.2% in 2012/13. The state government had expected growth to be 1.75% in 2014/15, before strengthening further to an above trend rise of 2.5% in 2015/16. 
The acceleration of conditions was centred on services, construction and agriculture. The sharply lower currency and stronger demand on the mainland are key pluses for the state. 
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Andrew Hanlan is senior economist for Westpac and can be contacted <a href="https://www.westpac.com.au" target="_blank">here</a>. 
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