<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

<main data-perf-region="main">
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

Sydney

<html><body>
Homebush, Petersham, Turramurra and Ryde are among 15 suburbs that will have price growth of about 12% this financial year, according to Domain Group's Australian Property Monitors.
Suburbs that have been in the shadows of higher priced neighbours dominate the list.
House prices should keep growing at between 5% and 7% this financial year, according to APM senior economist Dr Andrew Wilson.
Wilson forecasts the capacity of buyers to keep pushing up prices was reaching its limits, hence suburbs with the most growth this financial year would be the ones that had been overlooked or seen to be more affordable.
"People will start looking at suburbs that represent better value and are more affordable to them," he told Domain.
"It's those suburbs adjacent to the big movers and shakers, the bridesmaid suburbs, that still represent affordability ... and that's why we'll see stronger price growth [in those areas]."
Herron Todd White's head of valuers, Brendon Hulcombe, is a big believer in looking adjacent.
<div class="page" title="Page 3">
<div class="section">
<div class="layoutArea">
<div class="column">
"Faced with affordability challenges, it can pay to look at areas where neighbouring suburbs have experienced strong price growth," he advised in the recent Westpac property report.
"When suburbs share the same infrastructure facilities, notably transport links, there’s a good chance that price growth will ripple outwards," he said.
The Sydney suburbs with 12% growth prospects in 2014-15:
<ol>
<li>Homebush </li>
<li>Petersham </li>
<li>Eastwood </li>
<li>Epping </li>
<li>Marsfield </li>
<li>North Epping </li>
<li>Ryde </li>
<li>Turramurra </li>
<li>Herbersham </li>
<li>Lethbridge Park </li>
<li>North St Marys </li>
<li>Parramatta </li>
<li>South Granville </li>
<li>Tregear </li>
<li>Whalan</li>
</ol>
Source: Domain Group's Australian Property Monitors
</div>
</div>
</div>
</div>
</body></html>

jchancellor-FAypfDUnLy

Sydney's bridesmaid suburbs: How APM identified 15 hotspots

<html><body>
Sydney’s spring auction market notched up a strong 82.7% clearance rate on the first Saturday of the season.
The weekend's initial result was the fifth consecutive rate above 80%.
Sydney’s four weekend initial average clearance sat at 82.5% compared to 78.5% over the previous four-weekend period, according to Australian Property Monitors.
There were 522 auctions scheduled at weekend with 430 results included in the initial clearance rate.
There were 583 on the previous weekend when an 81.9% initial rate was reported, and then revised down to a very strong 79.5%.
The inner west reported the most number of sales at the weekend with 61 and the highest clearance rate of all the suburban regions with an 89.7% result.
The inner west was closely followed by the north west with 87.5%, the lower north 87%, Canterbury Bankstown 84.8%, the west 84.6%, the city and east 82.8%, and the upper north shore with a clearance rate at the weekend of 81.5%, according to APM's senior economist Dr Andrew Wilson.
The first Saturday of the spring autumn market had 21 reported sales at or above $2 million - just down on the prior weekend’s 22 sales result.
The most expensive property was a four bedroom home at <a href="https://www.homehound.com.au/listing/for-sale/nsw/sydney-region/inner-west/burwood-inner-west/16-eurella-st-burwood-nsw-2134/" target="_blank">16 Eurella Street, Burwood</a> (pictured above) which was sold for $4,460,000 by Raine and Horne Burwood. It last sold in 1994 for $540,000.
The most affordable property was a three bedroom home at 14 Mikkelsen Avenue, Tregear sold for $370,000 by Laing and Simmons Mount Druitt.
</body></html>

Burwood helps inner west reign in Sydney spring auctions

<html><body>
International fashion brands H&amp;M, UNIQLO, Zara and Gap have all been confirmed as tenants for the Macquarie Centre, North Ryde shopping centre's second stage of development, set to open on 16 October.
An AMP announcement said that Macquarie Centre will have more large-format overseas brands than any other shopping centre in the country.
Another international brand is expected to be announced in the coming weeks, with speculation that it will be American fashion retailer Forever 21.
Forever 21's first Australian store was <a href="https://www.smartcompany.com.au/marketing/sales/34690-forever-21-joins-raft-of-fashion-retailers-entering-australia" target="_blank">announced in November 2013 for Brisbane's Queen Street Mall</a>, with plans to open in mid-2014. However, the store which will neighbour the new Zara shop, has not yet opened,.
Macquarie Centre will be <a href="/expert-insights/investing/h-ms-first-sydney-store-set-for-a-16-october-opening-at-macquarie-centre-north-ryde">H&amp;M’s first Sydney store</a> and <a href="/expert-insights/investing/uniqlo-to-open-macquarie-centre-store-later-this-year">UNIQLO’s second New South Wales offering</a>. 
The first stage of the Macquarie Centre <a href="/expert-insights/investing/sydneys-largest-suburban-shopping-centre-amp-capitals-macquarie-centre-now-open">opened earlier this year</a>. 
The $440 million transformation also includes Myer, David Jones and 130 speciality fashion and beauty stores. These range from Sass &amp; Bide, Zimmerman and Willow to Alice McCall, Gorman and Scanlan Theodore.
Macquarie Centre will be the largest suburban shopping centre in New South Wales, spanning 138,500 square metres of floor space.
AMP Capital's $2.8 billion shopping centre pipeline also includes major redevelopments at the Gold Coast’s Pacific Fair, Ocean Keys in Perth and proposed redevelopments of Perth’s Karrinyup, Booragoon and Garden City.
AMP Capital Shopping Centres managing director Bryan Hynes said that the centre includes international brands, and established local brands, as well as aspirational fashion retailers, unique leisure and lifestyle retailers and fresh food offerings.
“Macquarie Centre will be transformed into a leading fashion, lifestyle and leisure hub for Sydney with the first and highly anticipated H&amp;M, the first UNIQLO in the city’s north and Zara will be the only store on Sydney’s north side to stock a full children’s range, complementing the strong children’s offer from H&amp;M, UNIQLO and Gap,” he said.
“We have some grand plans for when our doors open on 16 October including two fashion shows curated by fashion industry experts to showcase everything we will have on offer at Macquarie Centre.”
A dining and café precinct, 5,000 car spaces, valet parking, porter shopping and free WIFI will be in the centre. Coles, ALDI and a refurbished Woolworths will be in the Fresh Food Market, including eateries Costi’s Seafood Market Macquarie, Inlakesh Living Foods and F&amp;L Gourmet.
</body></html>

jduke-EHk3XBmHkn

Zara, Gap, H&M and UNIQLO announced for Macquarie Centre, North Ryde

<html><body>
The biodynamic farmers Charlie and Angelica Arnott, of the biscuit making family, are now willing to accept $3.1 million offers for their Bronte investment pad.
It had been initially listed with $3.25 million break even hopes ahead of the weekend auction with <a href="https://www.mcgrath.com.au/buy/apartment-bronte-nsw-2024/223216/?searchID=42409349" target="_blank">McGrath agent Bethwyn Richards</a> and Briony Carnohan.
It remains for sale after being passed in at weekend auction.
The north facing whole floor 160 square metre three-bedroom, 3/467 Bronte Road apartment is opposite the beachside park. It has 348 square metre space including 64 square metre rooftop space.
Set above the cafe strip, it has three bedrooms, two bathrooms and a two car tandem space. It has been a $2,000 a week plus rental.
It has large, sliding glass doors to a balcony that overlooks Bronte Park in the project undertaken by the Linz property development clan.
The Arnott's paid $3.25 million in late 2005 when they bought from entertainment industry couple, Baz Luhrmann and Catherine Martin.
The $5,500 quarterly strata levies were seen as a buyer negative. 
Now based in Boorowa, Angelica is a member of the '80s pop band The Chantoozies.
</body></html>

Prestige Bronte apartment goes backwards a bit since Baz's $3.25 million sale

<html><body>
Entreprenuer Brett Blundy and wife, Vanessa have secured about $18 million for their Kutti Beach, Vaucluse offering.
The Wharf Road property cost $17.75 million when the family also bought next door on The Crescent for $7.95 million.
The Vaucluse<a href="/news"> </a>acquisition of over 2,000 square metres was <a href="/news/nsw">listed in late 2012</a> with the family off to Singapore.
So it took 22 months to sell, though it was only relisted with its fresh agents James Dack at McGrath and Brad Pillinger at Pillinger Real Estate early last month with revised $18 million plus expectations.
No official sale price has been given.
The five-bedroom, five-bathroom mid-1990s Vaucluse home was constructed for the television entrepreneur Michael Willesee, who sold for $10.3 million in 2000. The residence was designed by Ancher Mortlock and Woolley architect Ken Woolley with championship-sized tennis court and heated swimming pool occuping its elevated 1,597-square-metre block.
Blundy sold the adjoining non-waterfront 549 square metre holding with house in April for $7 million to the Woollahra-based Yim family.
</body></html>

Brett Blundy secures $18 million Kutti Beach, Vaucluse sale

<html><body>
Martindale, a Kings Cross terrace with 10 bedrooms and 11 bathrooms has been sold for $2 million pre-auction by McGrath Estate Agents.
The property with a distinctive dark crimson facade at 52 Kellett Street features an insightful floor plan indicating (pictured below) the purposeful layout.
Click to open in new window:
<a href="/images/2014/07/22/potts-point-july-22-floor-plan.gif" target="_blank"><img src="/images/2014/07/22/potts-point-july-22-floor-plan.gif" alt=""></a>
It featured in the 1999 SMH report by the investigative duo Kate McClymont and Andrew Clennell entitled, "Our Brothel Barons".
At the time it reportedly traded as Classique, a brothel whose advertising once boasted of a speciality in lesbian double acts. It has more recently traded as Studio 52, Star 52, Antonio’s Angels and Secret Desire. The rates have been at around $120 for 30 minutes.
The building, which has been marketed as in Potts Point, was listed previously in 2011, 2012 and 2013 without success.
It last traded at $2.1 million in 2006 when bought by ETC Australias Group Pty Ltd. Its earlier sales were $1.5 million in 2004 and at $1.38 million in 1999.
The premises were for sale, not the business.
More than $1.8 million was being sought.
There is no registered lease, with no rental income advisory given in <a href="https://www.mcgrath.com.au/buy/house-potts-point-nsw-2011/228008/?searchID=41071082" target="_blank">the McGrath marketing</a>.
</body></html>

Pre-auction $2 million deal for Kings Cross 'special' offering

<html><body>
Apartment towers around transport nodes are needed to cope with Sydney's growing population, according to property development industry group Urban Taskforce, who advocate 5,000 new towers for Sydney.
Urban Taskforce chief executive Chris Johnson claims that Sydney needs to double the number of currently existing homes over the next 50 years, and has proposed clustering apartment towers around railway stations and transport hubs.
The industry group estimates that about one third of Sydney's projected growth could live in towers around transport hubs, which Johnson claims could protect many low rise suburbs.
"The other two thirds of the future growth would occur in fringe development, lower rise medium density near centres and large redevelopment sites," he proposes, noting poor public sentiment around apartment towers.
“Currently many community groups, political representatives and planners in councils have developed a negative attitude to towers preferring to favour town houses or detached houses. We must swing the discussion around to support for towers when they are close to transport," Johnson says.
"A 12 storey tower uses far less land than the equivalent number of houses spread across the landscape. To house the same number of households in detached houses would require 30 times as much land as placing the homes in a 12 storey building."
According to Johnson, Sydney is approaching its spacial limits, a locating "thousands of apartment towers" along the city's main rail lines would help make a metro rail system feasible.
He cites apartment towers developed by Urban Taskforce members Winten Property Group, Deicorp and Meriton as "excellent examples of towers related to transport".
</body></html>

jrichardson-uRX5hFdKfN

New Sydney towers should be built around train stations: Urban Taskforce

<html><body>
GUEST OBSERVATION
As has been widely reported, the Sydney auction market continued its strong performance throughout August.
Clearance rates have remained strong with consistent 80% plus weekly results.
In addition to strong auction results we have also seen a continuation in the high variance between real estate agents’ auction price guides and the final sales result.
In July we reported that agents were underquoting on average by 13%, according to the auctions we have monitored over the year to date.
<a href="/expert-insights/buying/add-12-to-sydney-auction-estimates-to-secure-purchase-intelligent-property-services">For the month of August</a> IPS observed a similar level of underquoting and recorded an average variance of 17.6% (however this was skewed upwards by a few out of line sales).
This month IPS observed 19 auctions, all of which sold for more than the agents indicative guide.
The results ranged from 2.78% to 45% out and covered locations from <a href="/news">Queens Park</a> to <a href="/news">Lakemba</a>.
 One doesn’t have to look far to obtain hard and fast examples of this underquoting. 
While the variance is up on last month’s results, we are confident that this was skewed by a few sales that were included in the data. 
The recent sale of several Department of Housing properties in Sydney’s <a href="/news">Millers Point</a> have raised a number of eyebrows because their sales result was so far out of line with their sales agents’ expectations. 
Marketed by different sales agents both properties sold for significantly more than the official price guide quoted.
<a href="/expert-insights/buying/vacated-millers-point-four-level-terrace-fetches-1-911-000-at-private-state-government-auction">119 Kent Street</a><a href="/expert-insights/buying/vacated-millers-point-four-level-terrace-fetches-1-911-000-at-private-state-government-auction"> sold</a> for $1,911,000 and <a href="/expert-insights/buying/the-second-millers-point-offering-fetches-2-56-million-for-state-government-housing">29 Lower Fort Street</a><a href="/expert-insights/buying/the-second-millers-point-offering-fetches-2-56-million-for-state-government-housing"> for</a> $2,560,000, 35.5% and 45% more than their official guides respectively. 
Another notable sale was the freestanding house at <a href="https://www.realestate.com.au/property-house-nsw-queens+park-117619607" target="_blank">53 Alt Street, Queens Park</a>. It sold for $2.51 million after a revised guide of $2.2 million. It was originally $2 million plus earlier in the campaign.
 It’s not just renovation opportunities that are exceeding guides; this beautifully presented warehouse conversion at <a href="https://www.realestate.com.au/property-apartment-nsw-chippendale-117517043" target="_blank">13/92 Shepherd Street</a> in inner city Chippendale sold for $1,426,000 – a whopping $426,000, or 31.5%, over the guide.
Our prediction is, that with continued record low interest rates and pent up buyer demand off the back of slightly subdued winter stock levels, we’ll see a buoyant spring selling season ahead. 
It will be interesting to see which direction agent price guides trend as the public becomes increasingly wise to this practice.
Ramon Mitchell is the general manager of <a href="https://www.ipsg.com.au" target="_blank">Intelligent Property Services</a>, a specialist residential property advisory firm with buyers advocacy division.
</body></html>

RamonMitchell-pSgrKyb4ZZ

Will agents adjust price guides ahead of buoyant Sydney spring auction season?

<html><body>
Sydney’s house prices are rising so much that yields will soon fall below those in Melbourne, according to RP Data’s latest statistics.
With 16.2% growth recorded for Sydney over the past 12 months, of which 1.8% was seen over the past month pushing it to 5% over the quarter, the RP Data Core Logic Home Value Index for August notes that Sydney’s yields are falling proportionately.
RP Data’s research director Tim Lawless said that given the rate of value growth and moderate rental growth, it won’t be long until the yields are below Melbourne’s.
“Over the past year we have seen Sydney’s gross rental yields fall from by 47 basis points, from 4.1% to 3.6%,” said Lawless.
“With yields so low in the cities where values are seeing the largest capital gains, it is clear that investors remain very much focussed on value growth rather than yield,” he said.
Sydney’s house yields are currently recorded at 3.6%, with units at 4.5%. Meanwhile, Melbourne houses were recorded at 3.2% and units at 4.2% representing a subtler drop and some 0.4% and 0.3% difference to Sydney respectively.
</body></html>

Sydney's 16.2% year on year growth straining yields: RP Data

<html><body>
The recent House Rules contestants Ryan Pusic and former partner Candy Stuart secured a bullish $590,000 when they sold the Emu Plains house they renovated on the hit Channel 7 show.
It represented a $190,000 subsidised flip success.
Selling agent Paul Wallace at Property Central Penrith told Property Observer that he had issued 15 contracts pre-auction.
There were eight registered bidders with around four getting in a bid at the weekend auction.
45 Gough Street had been listed with $499,950 plus price guidance for its August 30 on site auction which was attended by a crowd of 250, including the two vendors.
Ryan Pusic said it closed a chapter in the now separated couple’s lives.
He plans to stay in the Penrith region.
Since the show ended, the entire house had been rendered along with a fresh paint job.
The property is on a 626 square metre block.
<img src="/images/2014/08/08/house%20rules.jpg" alt="">
Above: Candy and Ryan's unrenovated home in 2013. 
Candy and Ryan purchased the home for $400,000 in August 2013.
The suburb, <a href="/news">according to RP Data</a>, comes with a median house price of $471,000, up from $437,000 when the couple made their purchase.
The neighbouring four bedroom 1970s house fetched $500,000, in the street's most recent comparable in 2012, then put up for rent at $530 a week.
Property Observer understands that contestant couples are contracted not to immediately sell their renovated home post-production, other than in circumstances deemed appropriate by Channel 7.
</body></html>

Sydney

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Sydney

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News