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

Politics

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There was a silly suggestion the pickup in last weekend's Sydney clearance rate to 59 percent followed Scott Morrison's elevation to Prime Minstership.
But with a dismal 31 percent auction success rate in the Sutherland Shire, that perhaps needs a rethink.
Most economic trends only come after a lag, as the RBA Assistant Governor Luci Ellis recently observed.
But I do expect there will be a sharper focus on housing affordability among politicians between now and the Federal election.
Maybe the next election will even see a marked debate over negative gearing policies unlike the last. 
The recent Federal budget was light on housing initiatives, but Scott Morrison's 2017 budget saw a raft of measures.
Some were pitched at getting headlines, some aimed at long term structural changes, and some pitched as softening demand in what was then a peaking property market, which also happened to help the budget bottom line.
Morrison has been the most attentive to housing affordability of any treasurer in recent times.
He gave a keynote speech last year that noted housing affordability is not a new problem, pointing out, he like anyone in Sydney had actual experience that it has never been easy to buy a home. 
Morrison's first property purchase cost $330,000 with his wife, Jenny, bought in Bronte in 1995, where he grew up as a child, and then they upgraded to the Shire at $920,000 in 2009.
He rightly suggested, dealing with housing affordability must involve a scalpel, not a chainsaw given the likely or even unintended consequences of policy shifts.
He warned declining housing affordability can't be answered with lower economic growth especially as some two million taxpayers have an interest in a residential investment property.
Around 1.3 million of these taxpayers negatively gear, as mum and dad investors put a roof over the head of around a quarter of all renting households in the country.
Morrison has noted the Labor policy disrupting negative gearing would come at a cost, not only for investors but also to the households who rent. 
It was interesting for him to suggest previous governments had avoided dealing with many housing issues "for fear of raising and disappointing expectations."
There are some who argue the long run of low interest rates along with reduced price growth has lessened the need for the provision of negative gearing benefits.
Lower interest rates have cut the cost of money investors borrow and – as a result – the losses being claimed on tax.
But there will be a time when investors will seek out the opportunity.
Taking the prospect of the benefits away will lessen the demand for property.
Labor says its intends to reform negative gearing and the capital tax discount from a yet-to-be-determined date after the next election.
Subject to legislation, investors will likely not be able to use net investment losses on existing properties to offset wage income. And the capital gains tax discount on an investment property will be reduced to 25 per cent.
They have advised the negative gearing changes will be for existing homes, not newly built homes.
It is important to note Labor states that investments and tax arrangements already in place will not face retrospective impacts. 
So I expect there might just be a pickup in investors seeking out the opportunity of buying established property ahead of the election, given the possibility of a Labor win.
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jchancellor-FAypfDUnLy

Labor's negative gearing policy will see investors buy established property ahead of next Federal election

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<div class="cq-article-content-paras section">
The Australian head of a Chinese property developer mentioned by a NSW government MP caught up in a corruption inquiry says Country Garden has "zero tolerance" for illegal behaviour.
Country Garden Australia chief executive G.T. Hu declined to comment to Fairfax Media on the explosive recording of MP Daryl Maguire's conversation with former Canterbury City councillor Michael Hawatt, after it was played in Friday's hearing of an Independent Commission Against Corruption inquiry.
The Operation Dasha ICAC hearing was played a recorded telephone conversation from May 9, 2016, in which Mr Maguire claims to be the ­middle man between Country Garden and investors.
Maguire was recorded saying Country Garden could pay him “a couple of grand a day” to facilitate meetings.
Maguire resigned from the parliamentary Liberal Party with pressure on him quit the State Parliament where he represents Wagga Wagga. 
Maguire has held the safe seat since 1999 when he took over from Joe Schipp.
Gladys Berejiklian, the NSW premier is urging disgraced state MP Daryl Maguire to reconsider his position in politics after secret phone recordings of him discussing potential developer “dividends” were played at a Sydney corruption inquiry.
In a phone tap, Maguire said the developer was a "client" of his.
He discussed making a commission from the sale of a Campsie development site to the company.
"I need to talk to my consultants and my lawyer first," Mr Hu told The Australian Financial Review on Sunday. "What I can tell you is that Country Garden is a responsible company and we have zero tolerance for any illegal things [by] any employees."
</div>
<div class="cq-article-content-media section">Hu declined to say anything when asked why Maguire was heard to be asking Hawatt about shovel-ready sites that Country Garden could acquire in the May 2016 conversation</div>
<div class="cq-article-content-media section"> </div>
<div class="cq-article-content-media section">"I think you'd better ask him," Mr Hu said. "Because he mentioned our company. You'd better be asking him."</div>
<div class="cq-article-content-media section"> </div>
<div class="cq-article-content-media section">The Hong Kong-listed Country Garden, the largest Chinese developer by sales last year, entered Australia in 2013.</div>
<div class="cq-article-content-media section"> </div>
<div class="cq-article-content-media section">It hit the headlines in 2014 when Country Garden was in discussions to take over Sydney-based Meriton from Harry Triguboff.</div>
<div class="cq-article-content-media section"> </div>
<div class="cq-article-content-media section">The developer owns 429ha in Wollondilly, along with sites in Canterbury-Bankstown, Campsie and Ryde.</div>
<div class="cq-article-content-media section">
It was also revealed last month paying $69.88 million to secure Cawdor Road, Cawdor land it knew would benefit from the M9 orbital, months before the route of the orbital was known to locals.
</div>
<div class="cq-article-content-paras section">
It expanded into the house-and-land market last year, with a record-breaking $400 million purchase of a 363-hectare site in Melbourne's west.
In 2017, Fortune magazine released its list of Global 500 companies for 2017 with Country Garden included in the authoritative list for the first time.
Country Garden is a property development company based in Guangdong Province, China, owned by Yang Guoqiang's family. It focuses on building high-end residential property.
Founded in 1992 and listed on the Hong Kong stock exchange since 2007, it is controlled by China’s richest heiress, Yang Huiyan.
As a strong advocate and supporter of China's new urbanization process and a creator of green, Country Garden has reshaped over 500 Chinese towns from tier 1 to tier 5.
The Chinese property developer has over 900 projects ongoing outside of its home market.
Country Garden was not the only developer with links to Maguire.
In 2015 he visited the headquarters of Aoyuan International, the developer of Sydney's 38-level ONE30 Hyde Park development. 
</div>
<div class="cq-article-content-paras section">
An Aoyuan press release says Mr Maguire met the company's chairman Guo Zi Wen at its headquarters in Guangzhou in southern China in 2015.
Maguire told Hawatt, a key figure in the current ICAC inquiry into suspected corruption at Canterbury Council, that his client was "mega big", had "mega money" and was hungry for development sites with permits in place.
"I need a few things to feed my friends," Maguire tells Hawatt in the 2016 recording.
"They want 30 projects, rolling, and ideally they want something that's DA approved, a couple that are DA approved and ready to go. How much per unit site are they asking?"
</div>
<div class="cq-article-content-media section">Maguire told Hawatt that the commission of 1.5 per cent that the owner of the Canterbury Road development site was willing to pay Hawatt was not enough. </div>
<div class="cq-article-content-paras section">
"One point five per cent isn't enough divided by two, if you know what I'm talking about," Maguire said. "Three per cent's a lot better."
The Sunday Telegraph reported Maguire set up a meeting with Country Garden executives and the NSW Planning Minister Anthony Roberts last August.
The Sunday Telegraph can reveal Wagga Wagga State MP Daryl Maguire organised an “introductory” meeting for Mr Roberts to meet with two CEOs from Country Garden on August 9 last year.
Staff advised a 15-minute meeting could occur only on the condition Country Garden observe the minister’s office protocol of not discussing any site-specific projects or proposals, and that a disclosure form be completed by the company prior to the meeting.
</div>
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j.ballantyne1990-6AQqhLzZaK

Country Garden say it has "zero tolerance" for illegal behaviour after NSW ICAC Maguire allegations

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Keep Sydney Open is announcing its official registration as a state political party in NSW.
It will contest seats in both houses of Parliament at the 2019 NSW state election, with a focus on seats in the Legislative Council.  
Tyson Koh, spokesperson for the party, by putting lockout laws on the ballot of next year’s election, people have a real choice and a course of action to rescind these laws, wind back the ‘nanny state’ and build a 24-hour city. 
“For more than over four years, our group has represented every person who believes that lockout laws were a knee-jerk reaction. We see with our own eyes that these laws have devastated the both the night-time economy and reputation of what was once a vibrant international city.” 
The KSO campaign claims they have so far achieved: 
·        A 30-minute relaxation of lockout laws and cease of service times for music venues; 
·        A pushback of bottle shop closing times from 10pm to 11pm across NSW; 
·        A lifting of lockout laws for the Mardi Gras parade; 
·        Changes to ‘small bar’ regulations; and 
·        A turning of the state of Sydney’s nightlife into a mainstream issue. 
“We all know that Sydney is a magical place, but the magic has been missing for some time,” Koh said.
“People now recognise that the NSW Government is largely responsible for this. 
“We are the first party in NSW set up to address cultural and youth issues.
"Young people all over NSW who would ordinarily vote Liberal or Labor are looking at those parties’ policies with bewilderment. We feel cheated, and being locked out of social spaces as well as the housing market has led to a generation of disillusioned young adults," he said.
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Keep Sydney Open becomes political party in NSW

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The images of Prime Minister Malcolm Turnbull and the French President Emmanuel Macron looked fantastique last week on the lawn at Kirribilli House.
But are taxpayers getting value for money, when these days the home is used principably for dinners and press conferences?
With views of the Harbour Bridge and Opera House, both Kirribilli House and the neighbouring Admiralty House, there for the Governor-General's pleasure, rank among the city's most prestigious real estate. 
The Gothic Revival residence has been the Prime Minister's Sydney home since the 1930s, but I'd suggest Treasurer Scott Morrison's budget tonight ought signal one or maybe both homes should be sold. Let them just entertain in Canberra at The Lodge and Government House.
It was last flagged in 2004 when the then Federal Opposition leader Mark Latham foreshadowed that he would sell the harbourside mansion.
John and Janette Howard stayed put.
At the time it elicited speculation it could fetch around $50 million which would be handy revenue, but more importantly send a stocktaking message.
Even had Malcolm and Lucy opted to downsize from their Point Piper harbour front, the question still needs to be asked.
While it might not go down well with those who politicians who like icons, the Federal Government should not be Sydney-centric.
This article first appeared in The Sunday Telegraph. 
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Icon homes ought be considered for government selloff at Kirribilli 

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Expert Observer
Geopolitical events like Brexit and Donald Trump’s election in the US “surprised” investors in 2016 but had no lasting negative impact on global financial markets. By last year investors were well focussed on geopolitical risks – Trump taking over as US President, Eurozone elections, the Communist Party Congress in China and rising risks around North Korea – but again they did not have much lasting negative market impact. In fact, in most cases it turned out to be a positive impact.
Now in 2018 it’s already clear that geopolitical events remain significant, for example with Trump’s tariffs and the messy Italian election result. Despite their benign financial market impact over the last two years they are worth keeping an eye on. This note takes a look at why geopolitics is more important for investors these days and what to look out for this year. 
Why geopolitics is more important now 
While not to deny the influence of various geopolitical events in the 1980s and 1990s the broad trend was reasonably positive with the embrace of free market/economic rationalist solutions (after the failure of widespread government intervention in the 1970s), the collapse of communism and the associated surge in global trade and the peace dividend and the dominance of the US as the global cop. However, while the last 2 years highlight the importance of not getting too distracted by geopolitical events, in recent times geopolitical risks have arguably become more elevated. There are several reasons for this: 
First, the slow post global financial crisis recovery, rising inequality (see the next chart which shows the Gini coefficient - a measure of income distribution) and stress around immigration have all led to a backlash against establishment politics and economic rationalist policies. This is showing up in support for re-regulation, nationalisation, 
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<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/2018/3/14/olive%20insights%201.jpg" alt="">
Source: OECD, Standardised World Income Inequality Database, AMP Capital 
The swing of the political pendulum to the left is most acute in Anglo Saxon countries as it was here that the pendulum swung most towards free markets in the 1980s and 1990s. It’s messy in the US as while Trump has tapped into popular discontent and is more protectionist, his policies around de-regulation and tax cuts go in the opposite direction – for now, as this could just set the scene for a more left-wing president in 2020. And Macron in France is going in a fundamentally more pro- business direction, which is very positive for French assets. 
Second, the relative decline of US economic and military power is shifting us away from the unipolar world that dominated after the Cold War when the US was the global cop and most countries were moving to become free market democracies. Now we are seeing the rise of China, Russia revisiting its Soviet past and efforts by other countries to fill the gap left by the US in parts of the world, all creating tensions. 
Third, social media is allowing us to make our own reality. The danger is that, as politicians pander to this, economic policy making will be less rational and more populist. 
Finally, with the mid-term elections in November, Trump is back in campaign mode. And he is not your normal politician. 
Global geopolitical issues to keep an eye on 2018 
President Trump – Trump faces two big challenges this year. First, the mid-term Congressional elections in November risk the Republicans losing control of the House and also the Mueller inquiry is closing in. These in turn put pressure on Trump to create distractions and return to focussing on his base after the pro-business focus of last year. The tariffs, dealing with North Korea and maybe Iran fit into this. 
Tariffs – much has been written about Trump’s steel and aluminium tariffs, but a full-on global trade war is unlikely. First the steel and aluminium tariffs are trivial amounting to less than 2% of US imports. They are nothing compared to the tariff hikes of 1930 and 1971 that covered most US imports. Second, there is more to go on trade with NAFTA renegotiations, a review of China’s alleged theft of US intellectual property likely to result in broad tariffs on US imports from China and restrictions on Chinese investment in the US and possible tariffs on vehicles, shipbuilding, aircraft and semi-conductors are also possible. Finally, Trump is trying to appeal to his base ahead of the mid- terms, but a full-blown global trade war is unlikely. There are few political constraints on Trump imposing tariffs and his Republican base tends to support it. However: the exemptions to his steel and aluminium tariffs suggest he has listened to criticism of his initial plan including around the threat it poses to US alliances; his approach on this issue smacks a bit of The Art of the Deal – go in hard, then back down to something that sounds more acceptable and the same is likely in relation to China with initial harsh measures likely designed for use as a bargaining chip; Trump won’t want to go too far on tariffs as the resultant price increases won’t go down well with his supporters; a plunging stock market in the face of a trade war will also constrain Trump (as he likes to take credit for it going up); and other countries are likely to be cautious in retaliating and China may want to come across as the “good guy” on trade. Of course, this issue could roll on all year, and Australia is vulnerable via its exposure to China. But a full-on global trade war is unlikely – but there may not be much peace on the trade front either. And a US-China trade war is the main risk.
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The Mueller inquiry – this is getting closer to Trump. However, our view remains that while the Democrats may find something to impeach Trump on if they get control of the House of Representatives, in the meantime the Republicans are unlikely to impeach him. And even if the Democrats do impeach him post the mid-terms it’s doubtful they will find the 70 votes in the Senate to remove him from office. And even if Trump is removed from office, VP Pence will not mean a big change in economic policy (just less tweets!). In the meantime most of the big market friendly policies Trump has to offer have been done. 
The US mid-term elections – these will be watched closely as a guide to whether US politics is swinging back towards the Democrats taking the Presidency in 2020. If the GOP loses the House, it will leave Trump as a lame duck president. On the one hand most of his big market friendly policies have already been done so no great impact on domestic policy until post 2020. But being a lame duck could encourage him to seek relevance globally (more tariffs or action on Iran?). 
US shutdown risk – by March 23 funding will again have to be renewed for the Government to avoid a shutdown. But neither side wants to be blamed for a shutdown so expect funding to be granted, another extension or any shutdown to be brief. 
North Korea – news that Trump will meet Kim Jong Un before May and that NK is open to denuclearisation is welcome. Whether it comes to anything though remains to be seen given numerous false thaws with NK over the decades. Or maybe Kim John Un read The Art of the Deal and its development of nuclear weapons was all just a negotiating ploy, so this is really a very big deal. At least it will be “quiet” on this front for a while. 
Iran – the US deadline to remain compliant with the Iran nuclear deal expires in May. It will probably be renewed but if it’s not and sanctions on Iran return it potentially means a sharp reduction in Iranian oil supply which could put upwards pressure on oil prices. Meanwhile, tensions and proxy wars between Iran and Saudi Arabia will continue with occasional flare ups but open warfare between the two is unlikely. 
Italy and Europe - the messy Italian election outcome is not great for Italy, but it’s unlikely to threaten the Euro. There are now three major blocs in the Italian lower house. None of these blocsarenear a majority and it may require a new election (not that most parties want that). Barring a worst-case coalition between the Five Star Movement and the far-right Northern League, which given their huge political differences is unlikely, it will be the Democratic Party that will decide who forms government and given its pro-Euro and left of centre bias it’s more likely to lean to 5SM but only if it remains supportive of Italy remaining in the Euro. But it may take months to get to this point. This is not great for Italy, but there is unlikely to be a short-term threat to the Euro. In any case support for the Euro remains strong across the rest of the Eurozone so even if Italy does leave, a contagion across Europe looks very unlikely. This and the German Social Democrat Party’s solid support for a coalition with Angela Merkel all leaves Germany on track to work with France on strengthening the Eurozone. 
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Terrorism – The impact of terrorism on investment markets has been declining since the 9/11 attacks to the point where attacks in recent years have had little impact. Economies and markets seem to have become desensitised to them to a degree. 
China – The Chinese Government’s focus on its reform agenda - shifting towards less investment intensive growth, reducing pollution, reforming state-owned enterprises and reducing financial risk - has long run hot and cold, speeding up in good times only to slow down if growth slowed. However, the reform agenda now looks likely to see another step up posing a short- term threat to growth (albeit with a long-term benefit) and with President Xi Jinping’s status enhanced in October’s National Communist Party Congress and leadership term limits now abolished it’s likely that the leadership’s tolerance to a slowdown in growth may be greater than in the past. So the growth/reform nexus bears watching in terms of the outlook for global growth, commodity prices, etc. 
Australia – the main risk in Australia is an early election and the adoption of less business-friendly policies (higher taxes, more regulation) under a Labor Government which may be taken badly by financial markets. The May budget is likely to promise income tax cuts but in the absence of better polling it’s hard to see the Government calling an early election. 
Implications for investors 
These geopolitical issues have the potential to keep volatility high this year and so are worth keeping an eye on. However, there are several key points for investors to bear in mind. First, turn down the noise. Geopolitical issues create much interest, but as we seen in recent years (with eg Brexit, North Korea and Catalonia) they won’t necessarily have significant negative impacts on investment markets. Second, it’s hard to quantify geopolitical risks. You have to understand each issue separately. Finally, given the difficulties in trying to predict geopolitical shocks and their impact it often makes more sense for investors to focus on the opportunities they throw up, rather than taking long term shelter from them in low returning cash. 
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<a href="https://www.propertyobserver.com.au/https://plus.google.com/110172465327488162875?rel=author">SHANE OLIVER</a> is head of investment strategy and economics and chief economist at <a href="https://www.ampcapital.com.au/home">AMP Capital</a> and is responsible for AMP Capital's diversified investment funds.
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soliver-smf6LQXgW9

Oliver's Insights - Tariffs, Trump, North Korea and other global political risks in the Year of the Dog

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The Herald Sun has revealed the sidelined Federal health minister Sussan Ley used a taxpayer-funded trip to inspect a Gold Coast property nine months before her much reported 2015 purchase.
Ms Ley stood down on Monday from the ministry pending investigations of her taxpayer-funded Gold Coast trips, with the paper suggesting the latest revelations put her future in further doubt.
The Albury-based MP’s troubles worsen after retired couple Adrienne and Stewart McEachran came forward to claim that she and her partner, Graham Johnston, inspected their home in Advancetown (pictured above and below), in the Gold Coast hinterland, in late August and on September 8 in 2014.
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Government documents reveal that Ms Ley billed taxpayers more than $2,000 in travel costs for a long weekend on the Gold Coast from September 5 to 8, 2014.
Ms Ley declined to answer queries on the latest claims, the paper said.
The selling couple said that in October, Ms Ley made an offer that was about $50,000 below the mid-$700,000 asking price, and they declined.
The Gold Coast hinterland property sold for $760,000 just a few months later.
Prime Minister Malcolm Turnbull asked Ms Ley to stand aside without ministerial pay until her travel claims had been probed by the secretary of the Department of Prime Minister and Cabinet. 
It was a defiant Ms Ley who belatedly faced the media after the Herald Sun revealed last Friday she purchased an oceanview apartment in the De Ville complex during a taxpayer-funded work trip which she said had been unplanned. 
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Federal Minister Sussan Ley's prior Gold Coast purchase offer

Labor politician Ed&nbsp;Husic, the Federal Member for Chifley, has sold his Blacktown investment property.

He retains his home at Colebee with wife Bridget Tilley in the upmarket Medalist housing estate which enjoys views of the&nbsp;18-hole Greg Norman-designed championship golf course.&nbsp;

Husic, who describes himself as “Blacktown, through and through”, secured $658,000 for the&nbsp;immaculately presented four bedroom brick home.

The 1995 Brickfield Place cul-de-sac offering was marketed as being located in a highly sought after pocket of South Blacktown.&nbsp;

The home had 110 square metres of living space on its 470 square metre block. He listed it for sale last November through Harcourts agent Andrew Chrysanthou who had a $669,950 asking price following its unsuccessful March auction.

It last sold in 2000 at $128,500 having first sold in 1995 at $155,000. It has been recently a $460 a week rental, up on its $270 a week rental a decade ago.

Husic is the Shadow Minister for Employment Services, Workforce Participation and Future of Work and the Shadow Minister for the Digital Economy.

He was raised in Western Sydney, receiving his education at Blacktown South Public School and Mitchell High School, then among the initial wave of students to graduate from the University of Western Sydney.

This article first appeared in The Sunday Telegraph.

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Politican Ed Husic sells Blacktown investment house 

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Bob Day, the Family First senator, has tendered his resignation effective immediately.
Day tendered his resignation to Senate President Stephen Parry this morning after his home building company went into liquidation.
“It has been an honour and a privilege to serve as a Senator for South Australia and I am sorry it has ended this way,” he said.
“I will now devote my time and energy to assisting those who have been affected by the company’s closure.”
In a statement, he said that potential investors would not be financing his Home Australia company.
"While a number of offers for various parts of the Home Australia business have been received, the major investor who has been examining the group's portfolio of assets over the past fortnight, has decided not to proceed," he said.
"Accordingly, I have today tendered my resignation to the president of the Senate effective immediately. It has been an honour and a privilege to serve as a senator for South Australia and I am sorry it has ended this way."
Day's company, Home Australia, was put into liquidation owing about $38 million to creditors. It also left around 200 homes unfurnished.
He said will now work to assist those affected by the closure of the company.
Day's former chief of staff Rikki Lambert has confirmed he will put his hand up for the vacant position.
 
 
 
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Home builder Senator Bob Day tenders his resignation effective immediately

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Having fun yet? Saturday's federal election has delivered a result that loosely tracks what all the polling was saying right up until July 2nd and now the waiting game - similar to the election back in 2010 - begins.

The Australian Electoral Commission (AEC) put out a media release on Sunday stating that counting will continue once postal and absentee votes are returned to the respective electorates. This is likely to occur on Tuesday (July 5).

On the face of it, if you only pay attention to the mainstream media TV news, the changing seats in Melbourne are either due to retiring members (Chisholm) or the state-focused issue of the Country Fire Authority (CFA) has allowed the Liberals to hold on to various outer suburban seats (La Trobe, Dunkley).

In seeking to provide decisive commentary in the vacuum of uncertainty, in my view, the CFA "reason" for the Australian Labor Party (ALP) not picking more seats up in Victoria seems to be at most overblown or at least not giving the much talked about Mediscare campaign proper credit.

Another perfectly good "reason" for the ALP swing not being at the same level as the national swing could quite possibly be the commentariat glossing over the swing from the ALP and the Liberal party to the Greens in inner Melbourne.

<h2>Is enough attention being paid to inner Melbourne?</h2>

The headlines and comment have thus far broadly focused on Labor versus Liberal contests underway on the fringes of the city; not much attention has been given to the Greens and how they're extracting more and more votes after having created the beachhead at the 2010 election.

Adam Bandt solidified his position as the member for Melbourne, obtaining an increase of 1% on the preliminary two-candidate preferred results on <a href="http://vtr.aec.gov.au/HouseDivisionPage-20499-228.htm">AEC's website</a>.

As I <a href="/expert-insights/buying/federal-election-aftermath-the-changing-face-of-melbournes-federal-electoral-map">wrote in the week before the election</a>, Wills, Batman and Higgins are seeing large amounts of development - and therefore population growth - and the new population moving into these areas is seeing more and more Greens voters.

The two seats north of Melbourne - Wills and Batman - have in both cases seen the primary votes for the Greens increase.

Wills 2013 result: ALP 40,931, Liberal 20,710, Greens 20,157. Wills 2016 results (at time of writing 70% of the vote was counted): ALP 28,346, Greens: 22,373, Liberal 16,015.

Batman 2013 result: ALP 36,798, Greens 23,522, Liberal 20,017. Batman 2016 results (at time of writing, 70.5% of the vote was counted): Greens 26,377, ALP 25,794, Liberal 13,593.

In 2013, Wills had 105,498 electors and three years later there were 113,856 on the electoral roll. Likewise in Batman in 2013 there were 103,246 on the electoral roll and at the election on Saturday, 108,942 people were registered to vote.

Assuming the next parliament runs for three years and similar population growth continues - which I believe is a highly likely case based on the development pipeline numbers - the election in these seats next time around are likely to be even closer and it's even more probable that at least one of those two seats goes Green (if one doesn't fall to them at this election).

<h2>Progressive state, increasingly a three party city</h2>

Much has been made of Victora's de facto progressive capital status among the regions of Australia. We have a Premier who actively trumpets his own and the state's progressive credentials, heavily through social media which is broadly backed up in the state government's legislative agenda.

At the state level, the Greens established beachheads on both sides of the river - in the seats of Melbourne and Prahran - in the most recent election and in the state seat of Brunswick, the Greens achieved the highest amount of first preference votes yet it was only Liberal Party preferences which got the ALP candidate - Jane Garret - over the line.

This crossover from state to federal electorates points to a very real shift underway.

This shift from the two big parties to the Greens in inner Melbourne gets a little bit of airtime every now and then however from this point on, it's my view that this state-specific competition like the marginals in Western Sydney and fickle flip-flopping Queenslanders, is and will be for the foreseeable future now Victoria's federal electoral topic du jour.

The development activity translating to population growth in the seven seats that share a boundary with the seat of Melbourne at the federal level would theoretically all be in play from this point on. Clearly, the Greens are focusing on only a handful of those seven seats at a time, but it's now having a measurable impact when you look at the knife-edge that Batman is sitting on.

Urban.com.au doesn't endorse political parties because all three parties that are competitive in Melbourne have something to bring to the greater urban agenda. Yet we hope the increased three-way competition in Melbourne will have a positive impact on urban policies and one area that requires work from all three political parties at the federal level is housing.
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Alastair Taylor

Federal election aftermath: the changing face of Melbourne's (federal) electoral map

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The last time the Australian Electoral Commission redistributed the electorate boundaries in Victoria was 2010. Given that the next parliament is likely to last until 2019 and inner Melbourne has had - and will continue to have - extremely strong population growth, the electoral contests that we're heading about in local and national media are likely to continue for the foreseeable future.

There are many factors which influence people's votes, including electorate-specific such as an incumbent retiring, socio-economic factors and the like; but one factor not readily discussed is the change over time in the population make-up of an electorate.

I'd argue that the increased population growth, which can be predicted through current development numbers, is not necessarily the single biggest factor in changing electoral dynamics, but one of many which has heightened the electoral contests in inner Melbourne.

With the exception of Melbourne Ports, there's been a Red versus Blue line following the course of the Yarra River at both a federal and state level: The ALP's seats were to the north and the Liberal party's seats were to the south.

The electorate of Higgins covers South Yarra, Prahran and Windsor in the west of the seat which are seeing high rates of new development (and therefore the capacity to sustain high population growth) and over time, the main opposing candidate has shifted from the ALP to what the local media are now reporting a contest between the Liberal party and the Greens.

Similarly in the north, the seats of Wills and Batman are both seeing very high rates of development and local media have widely reported that both seats are ALP versus Greens contests.

The federal electorates of Wills, Batman and Higgins are getting the most media coverage in inner Melbourne thanks to the Greens battling it out between the two major parties and they also happen to have, between them, 275 projects on the Apartments.com.au project database, representing 23% of all the projects (1200).

The following is a look at the aforementioned electorates in more detail.

<h2>Wills</h2>

Wills is a Prime-Ministerial electorate - with Bob Hawke once holding the seat - and includes suburbs such as the three Brunswicks in the south of the electorate, Coburg, Pascoe Vale and Glenroy/Fawkner. New development and population growth is heavily concentrated in the south in the Brunswicks and Coburg, closest to the central employment area.

We believe Wills - Brunswick and Coburg in general - will continue to see strong growth over the next decade. The Melbourne Metro Project, although located to the south in the electorate of Melbourne, will enhance Brunswick's appeal thanks to the tight integration of two of Brunswick's tram lines with Parkville station.

Wills is likely to remain in the "not that safe anymore" column.

<table border="1" cellpadding="1" cellspacing="1" style="width:100%;">
<thead><tr>
<th scope="col">Aspect</th>
			<th scope="col">Total</th>
			<th scope="col">Under Construction</th>
			<th scope="col">At sales</th>
			<th scope="col">In the pipeline</th>
		</tr></thead>
<tbody>
<tr>
<td>Number of projects</td>
			<td class="rtecenter">76</td>
			<td class="rtecenter">18</td>
			<td class="rtecenter">18</td>
			<td class="rtecenter">40</td>
		</tr>
<tr>
<td>Number of dwellings</td>
			<td class="rtecenter">6,284</td>
			<td class="rtecenter">1,752</td>
			<td class="rtecenter">1,585</td>
			<td class="rtecenter">2,947</td>
		</tr>
<tr>
<td>Potential new electors</td>
			<td class="rtecenter">9,426</td>
			<td class="rtecenter"> </td>
			<td class="rtecenter"> </td>
			<td class="rtecenter"> </td>
		</tr>
</tbody>
</table>
* "In the pipeline" = projects either at council or approved.

** "The Brunswicks" - Brunswick West, Brunswick and Brunswick East (postcodes 3055, 3056 and 3057).

*** Potential new electors is based on an apartment having an average of 1.5 occupants living in it.

<h2>Batman</h2>

Batman sits to the east of Wills and includes suburbs such as Clifton Hill, Northcote, Thornbury, Preston, Fairfield and Reservoir. In contrast to Wills, development is not as concentrated in one section of the electorate; although, there is a definitive bias to the southern and middle sections of the electorate.

<table border="1" cellpadding="1" cellspacing="1" style="width:100%;">
<thead><tr>
<th scope="col">Aspect</th>
			<th scope="col">Total</th>
			<th scope="col">Under Construction</th>
			<th scope="col">At Sales</th>
			<th scope="col">In the pipeline</th>
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<tr>
<td>Number of projects</td>
			<td class="rtecenter">57</td>
			<td class="rtecenter">20</td>
			<td class="rtecenter">10</td>
			<td class="rtecenter">27</td>
		</tr>
<tr>
<td>Number of dwellings</td>
			<td class="rtecenter">4,533</td>
			<td class="rtecenter">1,166</td>
			<td class="rtecenter">611</td>
			<td class="rtecenter">2,756</td>
		</tr>
<tr>
<td>Potential new electors</td>
			<td class="rtecenter">6,800</td>
			<td class="rtecenter"> </td>
			<td class="rtecenter"> </td>
			<td class="rtecenter"> </td>
		</tr>
</tbody>
</table>
* "In the pipeline" = projects either at council or approved.

** Potential new electors is based on an apartment having an average of 1.5 occupants living in it.

<h2>Higgins</h2>

Another Prime-Ministerial electorate - Harold Holt and John Gorton both held the seat during their premierships - and is viewed traditionally as a blue ribbon Liberal seat. Higgins includes suburbs like South Yarra, Toorak, Malvern, Carnegie, half of Murrumbeena (north of the Pakenham/Cranbourne rail line), Glen Iris and Ashburton.

It's an interesting seat from a development perspective: the Chapel Street spine through South Yarra, Prahran and Windsor is seeing a very high level of new development and increasingly the suburbs to the east of Chapel street are seeing the typical residential growth zone development of up to 4 levels dispersed through suburbs like Carnegie, Glen Iris and Hughesdale/Murrumbeena.

Higgins is doubly interesting because based on the following numbers, there's going to be a lot of new residents, more than likely concentrated on the Chapel Street corridor, that will ensure that Higgins will not remain as a safe Liberal seat.

<table border="1" cellpadding="1" cellspacing="1" style="width:100%;">
<thead><tr>
<th scope="col">Aspect</th>
			<th scope="col">Total</th>
			<th scope="col">Under Construction</th>
			<th scope="col">At Sales</th>
			<th scope="col">In the pipeline</th>
		</tr></thead>
<tbody>
<tr>
<td>Number of projects</td>
			<td class="rtecenter">142</td>
			<td class="rtecenter">33</td>
			<td class="rtecenter">34</td>
			<td class="rtecenter">75</td>
		</tr>
<tr>
<td>Number of dwellings</td>
			<td class="rtecenter">8,212</td>
			<td class="rtecenter">2,595</td>
			<td class="rtecenter">1,634</td>
			<td class="rtecenter">3,983</td>
		</tr>
<tr>
<td>Potential new electors</td>
			<td class="rtecenter">12,318</td>
			<td> </td>
			<td> </td>
			<td> </td>
		</tr>
</tbody>
</table>
* "In the pipeline" = projects either at council or approved.

** Potential new electors is based on an apartment having an average of 1.5 occupants living in it.

*** A [very] small part of South Yarra and half of Murrumbeena's development, included in the numbers above, are located in the electorates of Melbourne and Hotham respectively.
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