<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>
Sydney’s house prices could experience a correction starting in the second half of 2017 after years of growth, according to a leading economic forecaster. 
House prices will drop by 5 percent in two years starting later this year, said BIS Oxford Economics managing director Robert Mellor said at the Building Industry Prospects conference in Sydney, according to a post on domain.com.au.
The forecasting firm was formed recently after Oxford Economics acquired BIS Shrapnel and the name was changed to BIS Oxford Economics.
Sydney has enjoyed a four-year property boom, during which the median house price has climbed to more than $1 million.
“Given that price growth over the last 12 months has been much greater than we would have anticipated six or 12 months ago we now expect price declines probably between 2017 and 2019 somewhere in the order of 5 percent in the detached housing market in Sydney,” he said.
Apartment prices are likely to see an even bigger correction, according to the forecaster.
The median house price was likely to peak “at $1.2 million” by mid-2017 before falling, he said. These price declines are more substantial than those predicted mid-2016 by the firm.
But even if prices fall by $60,000 to $70,000, they would still be “above where they were six months ago”, he said.
“By June this year [house prices] will be up 80 percent since June 2012.”
The apartment market, however, is likely to drop by much higher levels.
Mellor anticipated that those who paid “high prices off-the-plan” might see price declines of 10 percent or higher.
These falls in prices would also be likely in the Brisbane and Melbourne apartment markets, where prices could “easily” drop 10 percent in the next two to three years.
</body></html>

jonathanchancellor-7SQnKwU6yx

Sydney house prices to drop by 5 percent in two years: BIS Oxford Economics

<html><body><div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
Construction of the $21 million residential development Lunar, 28 km south of Sydney, is slated to begin mid 2017.
If will feature 64 apartments, a basement carpark and a communal landscaped garden.
Ben Pomroy from Rothelowman says that the design for the new development was derived as a response to these natural surroundings and a desire to optimise the apartments’ long-distance views.
“Lunar sits on one of the highest points in the Sutherland Shire, with views north to the CBD and Botany Bay, our scheme had to take advantage of these opportunities, whilst developing a design that addressed and was respectful to the public domain,” he said.
“Our desire was to create a building that embraces the shire’s outdoor lifestyle with apartments that have both front and back yards..
“A place where residents could embrace the views to the north and the east, whilst also giving opportunity for interaction with the street.”
“Capitalising on the area’s temperate climate, the breezeway elevates the traditional corridor to a space where residents can socialise with their neighbours in a pleasant open-air setting.
“Liveability was a significant consideration in the evolution of Lunar’s design and the breezeway supports that.
"We have strived to create a building with the greatest possible access to daylight and fostered natural ventilation that is created with the layouts.”
 
</div>
</div>
</div></body></html>

mick.cee-iDmgDDAmu8

Unique breezeway design for Sydney's Lunar

<html><body>
The Sydney CBD is getting what has been described as the city's most luxurious apartment building.
ONE30 Hyde Park still a handful of two-bedroom apartments remaining from $2.2 million.
These 101 to 107sqm apartments face north to across Hyde Park.
There is also a selection of one-bedroom apartments (66sqm and 67sqm) still available from $1.29 million.
The 38-level development at 130 Elizabeth Street and the Liverpool Street corner will also look south to as far as Sydney Airport.
ONE30 Hyde Park is a joint venture between the Chinese-based Aoyuan Property Group and Ecove, a local company that transformed Sydney Olympic Park into a fully functioning residential suburb.
Work on the project has been underway for more than a year. Demolition of the old building was completed last June, and excavation is now in full swing with the building expected to top-out by early-2018. Full fit-out and completion will take a further 12 months from then.
As part of the development, Aoyuan and Ecove are creating a prestigious entry to Museum Railway Station, which is on their site.
“Prices of prime CBD apartments in Sydney continue to rise due to the many attractions of living in the heart of one of the world's most attractive cities,” said Sue Ballesty, marketing director of Ecove.
“Properties such as this tend to appreciate in value more quickly than average because of their scarcity.
“Overseas investors, in particular, appreciate that ONE30 Hyde Park represents excellent value for money on an international scale.”
Ecove sales director, Louie Bechara, said the ONE30 Hyde Park has been designed by Bates Smart to tap into a demand for the highest levels of luxury.
ONE30 Hyde Park is being sold through Ecove visit: <a href="https://www.one30hydepark.com.au/" target="_blank">www.one30hydepark.com.au</a>
</body></html>

j.ballantyne1990-6AQqhLzZaK

Sydney's ONE30 Hyde Park offers $2.2 million two bedroom apartments OTP

<html><body>
Tom Dixon’s London-based design firm Design Research Studio has been named the winner of AMP Capital’s interior design competition for the lobby and connected facilities of Quay Quarter Tower.
Four design firms were invited to participate in the two-month long competition, but Design Research Studio stood out for their reputation, design aesthetic and aspirational concepts, said AMP Capital’s chief operating officer real estate, Louise Mason.
“We used this competition to specifically seek out globally pre-eminent designers of lifestyle spaces such as hotels, clubs, restaurants, bars and co-working spaces, who can bring a completely different perspective to how we would normally view, and therefore design, a commercial lobby,” Mason said.
Dixon’s recent work includes the interiors for Mondrian London Hotel, Shoreditch House, Bronte Restaurant on the Strand in London's West End and McCann Worldwide Headquarters in New York.
The firm is also known for their design of the lighting installations for Bennelong restaurant at Circular Quay, Sydney.
3XN were appointed as the lead design architects for the 49-floor tower at 50 Bridge Street, Sydney last year.
The Quay Quarter Sydney precinct will span two inner city blocks over a site area of around 11,000 square metres and incorporates a mix of commercial, retail and luxury residential.
“The QQT lobby will be both the statement address for the tower and the nexus between the activated streetscape of Quay Quarter, the retail marketplace offering and the tower above,” Mason said.
“Together the lobby, retail podium and tower will provide a series of connected spaces that meet a range of user needs.
“Quay Quarter Tower will be an attractor of key talent into the future and provide a vibrant marketplace of experiences where people will have more opportunities to choose how and where they work and interact with their colleagues and customers.”
50 Bridge Street is jointly owned by investors in the AMP Capital Diversified Property Fund (ADPF) and the AMP Capital Wholesale Office Fund (AWOF).
Subject to final investor approvals, construction is expected to commence in 2018 and will take approximately three years to complete.
</body></html>

Tom Dixon to design AMP Capital's Quay Quarter Tower lobby

<html><body>
The latest results take the current housing growth cycle into its 58th month, according to CoreLogic’s latest report.
The property data firm says that since capital city dwelling values started to rise in June 2012, dwelling values have increased by a cumulative 47.3 percent, ranging from a 74.9 percent capital gain in Sydney, to a net rise of 6.0 percent in Perth.
<a href="https://www.propertyobserver.com.au/images/2017/03/1/Screen%20Shot%202017-03-01%20at%2010.17.14%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/1/Screen%20Shot%202017-03-01%20at%2010.17.14%20am.jpg" alt="">
Sydney, and to a lesser extent, Melbourne, have remained at the top of the capital gain tables over the past two cycles.
Since the beginning of 2009, Sydney dwelling values have more than doubled, rising by 104.5 percent while Melbourne values are 87.7 percent higher.
The next best performing capital city over the same period was Canberra where dwelling values have risen by a comparatively modest 37.4 percent.
Mr Lawless said the strong growth conditions across Sydney have provided a substantial wealth boost for home owners, "however, the flipside is that housing costs are becoming increasingly out of reach.
"This is especially true for price-sensitive segments of the market such as first time buyers and low income families.”
“Affordability challenges are most pronounced across the Sydney housing market where, based on September 2016 data, dwelling prices are almost 8.5 times higher than gross household incomes.
The second most expensive capital city, Melbourne, has a dwelling price to income ratio of 7.1.”
In contrast, the February results show that the cities with greater exposure to the mining downturn have continued to record weak housing market results.
<a href="https://www.propertyobserver.com.au/images/2017/03/1/Screen%20Shot%202017-03-01%20at%2010.17.23%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/1/Screen%20Shot%202017-03-01%20at%2010.17.23%20am.jpg" alt="">
Dwelling values slipped lower in Perth and Darwin over the month, taking the cumulative decline in values since these markets peaked in 2014 to 10.0 percent and 11.5 percent respectively.
Brisbane also recorded a fall in dwelling values over the month, however values have been slowly trending higher despite the negative monthly result.
As a consequence, housing affordability has shown a marked improvement in these regions, with the dwelling price to income ratio tracking at 5.7 in Brisbane, 5.5 in Perth and 4.5 in Darwin based on September 2016 data.
While dwelling values continued to rise, weekly rents remained comparatively soft. As a result, downward pressure has been placed on rental yields.
The average dwelling yield across the combined capital cities fell to 3.2 percent over the month, which is a new record low.
Five years ago, the average capital city yield was a full percentage point higher at 4.2 percent.
Sydney has shown the most significant compression in rental yields over the past five years, with the average gross yield reducing by 150 basis points to reach 2.9 percent (2.7 percent for houses and 3.7 percent for units).
Mr Lawless said despite the record low rental yields on offer, investor demand remains high, suggesting investors are likely to be relying on a negative gearing strategy to compensate for their cash flow losses.
"It also indicates that investors are speculating on future capital gains.”
<a href="https://www.propertyobserver.com.au/images/2017/03/1/Screen%20Shot%202017-03-01%20at%2010.17.32%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/1/Screen%20Shot%202017-03-01%20at%2010.17.32%20am.jpg" alt="">
“The latest housing finance data from the Australian Bureau of Statistics indicates that investors comprise approximately 57 percent of new mortgage demand across New South Wales (excluding refinanced loans).
This is substantially higher than the long run average, which is slightly above one third.”
Commenting overall on the February results, Mr Lawless said, “The renewed strength in the housing market is corroborated by a range of other data points such as auction results, low advertised stock levels and rapid selling times.”
</body></html>

Investors speculating growth will continue as Sydney hits 104 percent spike since GFC: CoreLogic

<html><body>
Sydney's Verandah hotel in Martin Place has been sold for over $9 million.
The hotel is at 60 Castlereagh St and fronts both Castlereagh and Elizabeth Sts.
It sold through Andrew Jolliffe of Ray White's Asia Pacific Hotels. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/28/022_Open2view_ID448707-55-65_Elizabet_Street.jpg" alt="">
 He is also selling on behalf of the same vendors John Singleton, Geoff Dixon and Mark Carnegie of The Australian Pub Fund (APF), the Marlborough Hotel in Newtown and Kinselas in Sydney's Eastern Suburbs.
</body></html>

Sydney's Martin Place hotel, Verandah, sold

<html><body>
Sydney already has the annual increase in home value, according to CoreLogic’s latest report.
Now with preliminary CoreLogic February 2017 Home Value Index results, the head of research Asia Pacific, Tim Lawless has noted that further evidence supporting a strong start to the 2017 housing markets.
 “The February results will confirm that housing market conditions remain very strong in Sydney and Melbourne, while Brisbane and Adelaide have also see values rise and Perth dwelling values have slipped lower. 
"Based on preliminary results, the CoreLogic daily home value index has recorded a 1.1 percent rise in dwelling values across the five city aggregate index over the first 27 days of the month, with Sydney continuing to stand out with the highest capital gain. 
The month to date data for Sydney is showing a 2.6 percent to 2.7 percent surge in dwelling values for February, with Melbourne posting a 0.5 percent to 0.7 percent gain over the month, based on the preliminary figures.
"The strong capital gain conditions are likely to push the annual growth rate for Sydney close to the cyclical high of 18.4% which was recorded over the twelve month period ending July 2015,” Tim Lawless. 
The property data firm says that over the past 12 months Sydney’s home value has increased by around 18.2 percent.
The final February result will be released tomorrow.
<a href="https://www.propertyobserver.com.au/images/2017/02/27/Screen%20Shot%202017-02-27%20at%2012.39.41%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/27/Screen%20Shot%202017-02-27%20at%2012.39.41%20pm.jpg" alt="">
This is in contrast to Perth’s home value which has declined by 3.8 percent over the past 12 months.
</body></html>

Sydney home values surge to 18 percent annual growth in February 2017: CoreLogic

<html><body>
The Inner West region of Sydney takes the top spot with the highest auction success rate, according to CoreLogic’s latest report.
The property data firm says that out of the 61 auctions known to CoreLogic 90.2% were sold.
This is followed by Ryde with 88.2% and the Eastern Suburbs with 87.2%.
<a href="https://www.propertyobserver.com.au/images/2017/02/27/Screen%20Shot%202017-02-27%20at%2011.31.09%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/27/Screen%20Shot%202017-02-27%20at%2011.31.09%20am.jpg" alt="">
A five bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-cabarita-124624642" target="_blank">111 Cabarita Road</a>, Cabarita (above) was sold for $3,300,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-balmain-124601978" target="_blank">20 North Street</a>, Balmain (below) was sold for $3,020,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/27/20%20North%20Street.jpg" alt="">
</body></html>

Sydney's Inner West weekend auction clearance rate tops 90%: CoreLogic

<html><body>
The Hills of Carmel, a 2,000 lot sub-division spread across 223 hectares in Sydney’s North West, has had its buyer registration period brought forward by four months to meet demand for prompt settlement.
Registration is the formal process of lodging the individual lots with the land titles office, allowing the final settlement of property to take place.
As a result, more than 100 lots will be settled by the end of this month with home building not far behind.
The Hills of Carmel is a new land release located in the recently rezoned suburb of Box Hill, between Rouse Hill and McGraths Hill, close to major retail centres, national parkland, sporting facilities and idyllic Hawkesbury River fishing and boating.
Almost 300 housing lots have been sold to home buyers since the $1.3 billion Hills Shire site launched in May 2016, with a further 300-400 lots flagged for release later this year.
The earlier-than-expected registration process follows unseasonably high demand over the Christmas period, according to Hills of Carmel Property Development Consultant Bob Welsh.
“Land is getting snapped up fast; we are opening up new lots sooner than anticipated. Given the community will offer schools, shopping centres, proximity to new transport links and beautiful aspects, we knew going into this it would be popular, but perhaps even we underestimated the sheer scale of Sydney’s housing affordability crisis,” he said.
Mr Welsh said residents are expected to move into the first of the community’s homes by mid-2017.
Australia’s biggest and most established display home organisation, Homeworld, will also be joining the neighbourhood, with plans to construct a 108-lot display village on site.
“In line with the heavy consumer demand for affordable lots, as described by the Department of Planning, we will continue to make available both small detached dwelling lots and larger lots ranging in size from 300m2 to 870m2,” Mr Welsh said.
Jamie and Shirley Millar, currently of East Kurrajong, will be among the first residents to settle in coming weeks.
Mr Millar said this will be his family’s second build.
“We are really excited about the opportunity to build in The Hills of Carmel and to be a founding part of Sydney's newest suburb,” he said.
“We are relocating to downsize and be closer to modern facilities for our three children.
The semi-rural aspect, as well as the North West Rail Link are key factors in our decision to move here.”
The Department of Planning expects the new suburb of Box Hill to eventually comprise 9,600 dwellings and a population of more than 28,000 people.
The Hills of Carmel development will create thousands of new jobs and inject an estimated $700 Million into the local economy.
For more information on The Hills of Carmel, visit <a href="https://www.thehillsofcarmel.com.au/">www.TheHillsofCarmel.com.au</a>.
</body></html>

First ‘Hills of Carmel’ homes on horizon as North West development demand hits fever pitch

<html><body>
Sydney’s inner east is expected to see robust demand for commercial assets in 2017 after almost $370 million worth of sales last year, says a report from Ray White Commercial.
There were more than 150 commercial sales in the inner east in 2016 with Surry Hills accounting for 45 per cent of the deals, according to Samuel Hadgelias of Ray White Commercial NSW.
“The inner east market (which includes Surry Hills, Redfern, Darlinghurst and Woolloomooloo) offers a wide array of investments at varying price points,” Hadgelias said in Between the Lines – Inner East Sydney Commercial Report February 2017.
Being close to the Sydney CBD, demand is strong from both smaller investors interested in retail or office suite holdings together with larger investors and developers looking for office buildings, larger retail holdings and possible development sites, the report said.
This demand is unlikely to subside into 2017 given the low interest rate environment and appetite for quality, well located assets which will result in further expansion of the capital value range achieved and continued lows in investment yields.
With access and cost of financing still reasonably low coupled with increased demand for stable investments for private investors.
Retail assets have generated yields as low as 4 per cent across the inner east while office assets can range anywhere between 5.5 per cent and 7 per cent, he said.
Hadgelias said capital values across the markets vary considerably depending on the type, quality, location, size and lease covenant of the asset.
He said average values achieved in Redfern are at $11,059 per sqm, slightly below the Darlinghurst rate of $11,593 per sqm, while Surry Hills has an average of $13,592 per sqm and Woolloomooloo $13,988 per sqm.
“Looking at office assets alone, this average is closer to $16,000 per sqm keeping in mind potential redevelopment opportunities.”
Meanwhile, retail averages $11,430 per sqm and there is a wide variation in this asset class depending on access.
“In addition to potential redevelopment, the strength of the office market in the city fringe can further be explained by the tight Sydney CBD vacancy environment, currently just 6.20 per cent (January 2017).”
</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