<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 based property developer JQZ secured the weekend sales of over 200 apartments.
They were sold in under the first two hours of its first sales release on Saturday of Prime, in the heart of Macquarie Park, in what has been predicted to become Sydney's fourth CBD. 
The average prices paid by the majority of local buyers for one-bedroom and one bedroom + study apartments was $653K-$850K, for two-bedrooms and two-bedrooms + study was $1.040M-$1.410M, for three-bedrooms was $1.380M-$1.548M and two-three bedroom penthouses was $1.520M-$2.580M.
<img src="/images/2016/11/07/20161105_2022.jpg" alt="">
Jian Qiu Zhang, Founder and CEO of JQZ said “today’s sales success has been extremely encouraging."
It will be positioned right next door to the prestigious Macquarie Centre, featuring 680 one, two, three and four-bedroom penthouse apartments across four towers, each 20 storeys high. 
Lane Cove National Park will be seen from the north-facing apartments and the Sydney CBD will be seen from the south-east facing dwellings.
David Milton, at CBRE said the penthouses will have internal stairs to access their own private rooftop gardens.
There are 19 penthouses .
<img src="/images/2016/11/07/20161105_2497.jpg" alt="">
JQZ’s own in-house construction team is expected to commence building works in mid-2017.
The Prime sales gallery is open from 11am to 4pm seven days a week.
For more information, visit <a href="https://www.primemacquarie.com.au" target="_blank">www.primemacquarie.com.au</a>.
</body></html>

j.ballantyne1990-6AQqhLzZaK

JQZ sells 200 off the plan apartment within two hours in Sydney's Macquarie Park

<html><body>
Sydney remains Australia’s strongest and most enduring property market, according to McGrath's latest report.
It's powered by long-standing fundamentals of undersupply and population growth, providing every type of lifestyle possible including beachside, harbourside, CBD living and suburban neighbourhoods for almost 5 million residents.
"Sydney real estate is like gold and in my opinion, despite the phenomenal boom of 2012-2016, Sydney property prices will continue to rise," the report stated.
Latest figures from CoreLogic RP Data tell us that Sydney property prices have risen 64% in four years.
This is spectacular growth and well ahead of the second best result in Melbourne at 44%.
For many Sydney property owners, the boom has delivered extraordinary gains for those in the market. But how do you best capitalise on this newfound wealth?
<a href="/images/2016/10/31/Sydney.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/31/Sydney.jpg" alt="">
Meantime, the market is showing signs of plateauing but price growth has continued due to a significant undersupply of stock and strong demand buoyed by further falls in interest rates.
According to CoreLogic RP Data, the pace of price growth in Sydney has halved this year but median property values are still up 12.8% to $880,000 for houses and 7.5% to $665,500 for apartments over the first eight months of 2016. Pretty impressive for a slowing market.
Record low listing numbers have contributed to very strong auction clearance rates between 70% to above 80% all year.
Local upgraders have been the greatest buying force, aiming to use new equity to upgrade their homes and potentially refinance while interest rates are so low. However, fear of selling and not being able to buy back in is resulting in a determination to buy first, so stock remains low.
Many would-be upgraders are staying put and renovating instead, with Sydney and Melbourne owners spending more than twice the money of owners in other capital cities, according to the ABS and Domain research.
While investors are still out there, we have definitely noticed a drop-off due to tighter lending criteria. The APRA-led changes introduced in early 2015 aimed to limit growth in the banks’ property investment lending to less than 10% per year and this has now been achieved.
The top end of the market improved this year. The lower dollar has encouraged expats and foreign buyers; and locals who purchased wisely post-GFC are now looking to cash in and upgrade.
In Sydney, Eastern Suburbs owners who bought in the $2 million-$4 million bracket are now selling for $7 million and upgrading to $10 million. In the Lower North Shore harbour suburbs, young families are selling for $4 million -$5 million and upgrading to $8 million-$10 million.
Affordability remains an issue across Sydney. The traditional migration west for cheaper housing continues, with the greatest population growth over the next 20 years expected in Camden, Parramatta, The Hills and Liverpool regions, according to new figures from the NSW Department of Planning.
However, limited greenfield development space on Sydney’s western fringe means we need to get creative in housing a predicted 1.7 million new residents over the next two decades. Among the options is subdivision of traditional blocks in established suburbs to enable more terraces, townhouses and dual occupancies; and more high rise apartment living around suburban CBDs.
Meantime, a growing cohort of young families are leaving Sydney altogether in favour of affordable lifestyle locations, with ABS figures showing the most popular spots are the Richmond-Tweed region, Mid-North Coast, Central Coast and Hunter Valley.
Chinese buyers remain a force in Sydney, however new fees levied by both federal and state governments on top of tighter lending criteria for foreigners has resulted in reduced demand and settlement risk on new apartments.
There’s a two-year pipeline of 82,000 new apartments to be completed in Sydney, according to CoreLogic RP Data. To put that in perspective, 43,500 apartments are sold in Sydney per year but that includes established apartments, which represent a bigger share of the pie.
This wave of new supply will be concentrated around the inner city and suburban employment and shopping hubs such as Strathfield, Parramatta and Ryde.
This is where young people want to live and over the next few years, they will be spoilt for choice and finally have some negotiating power on their side.
We see a bright future for the Sydney property market. There is plenty of long term price growth ahead even as we approach a major affordability hurdle for younger buyers today.
We believe the burgeoning global audience for Sydney real estate will be a key contributor to future price growth; and the long term stability of the market and opportunity to create significant personal wealth will sustain the aspirations of Sydneysiders to own their own homes for generations to come.
<a href="/images/2016/10/31/Sydney%20Audi.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/31/Sydney%20Audi.jpg" alt="">
John McGrath’s top picks:
1. Canterbury
Once an average suburban precinct best known for its equine interests; Canterbury is fast becoming an Inner West bolthole attracting young families and professionals alike. Buy, sit and watch your asset grow in value.
2. Hunters Hill
We still can’t work out why the values here for some of the country’s best real estate are materially below her peers in the East and North? This attractive garden enclave is private and discreet with beautiful homes and perfumed gardens. If you want to see some of the best homes in the country, you better check it out.
3. Rouse Hill
Follow the money. At the minute it’s all heading to the North West ahead of the soon-to-be-completed new rail line. The surrounding areas are equally as attractive for both lifestyle and capital growth but the Rouse Hill Town Centre is worth seeing for that address alone.
4. Sans Souci/Dolls Point
Surrounded by water and with all the appeal and benefits of Sydney’s southern suburbs yet only minutes to the bay and airport with easy access to the CBD. Leaves little doubt that this area will continue to be one of the most desirable in Sydney.
5. Forestville
This has been a favourite suburb for several years now. If you crossed the leafy North Shore with the vibrant Northern Beaches, Forestville would be the outcome. Relatively easy access to the CBD, just 7 minutes to the surf and surrounded by trees, its ideal for homemakers.
</body></html>

Sydney remains the top city for strongest and enduring property market: McGrath

<html><body>
Sydney property investors are better off looking to other state capitals that are earlier in their growth cycle, according to a new research report.
The report by investment advisor Momentum Wealth suggests the days of stellar growth are numbered after Sydney's median house price rocketed.
It has increased 46.7 percent since the start of the current upcycle in January 2012. It now stands at around $880,000
Short-term growth prospects are waning in the Sydney market according to the research report, Property Market Spotlight: Sydney.
It examined the city’s key demand and supply indicators and found that conditions were easing as a well-publicised apartment oversupply loomed.
Properties are now taking longer to sell, according to the report. The number of properties selling has dropped and dwelling approvals have plateaued at record levels.
“It can be acutely detrimental to buy at the peak of a market upcycle as the ensuing downturn can have a severe setback on investors’ finances and investment goals,” Momentum Wealth managing director Damian Collins said.
“While it’s impossible to predict how much longer Sydney’s upcycle will continue, our research report highlights an easing in several key market indicators suggesting the strongest capital growth in the current upcycle has passed.”
Some buyers are being priced out of the market due to the extreme affordability problems.
The threat of an apartment oversupply continues to be at the forefront of the property market conversation.
The research report suggests both of these factors will weigh on short to medium term capital growth prospects.
“While the long-term outlook for the Sydney property market remains positive, the short-to-medium term view isn’t as rosy,” Collins said.
“The research report explains that investors considering the Sydney market are likely to be better off looking at other Australian capital cities that are earlier in their growth cycle, are more affordable and offer higher yields.”
“While Sydney’s time will come again, for the time being better investments can be made elsewhere,” he said.
</body></html>

Sydney property investors better off elsewhere as strongest growth has passed

<html><body>
Key investors at LoanDolphin, Australia's leading loan bidding platform, have raised $1.1 million to expand its presence in major capital cities.
Strategic investor Barry Lambert provided the bulk of the total, giving $1 million. The rest came from finch investment firm H2 Ventures.
Lambert made his money by selling Count Financial, a company he founded in 1980, to Commonwealth Bank in 2011 for $373 million.
The company are hoping to claim a stake in Australia’s $1.5 trillion home loan market.
LoanDolphin is a free online platform that allows people to refinance or obtain new home loans at rates not advertised by banks or lenders.
<img src="/images/2016/11/03/LoanDolphin.jpg" alt="" width="545" height="182">
Launched in February 2016, LoanDolphin have delivered average savings of $5,254 per year to home owners.
They offers customers a simple and efficient way to get the lowest interest home loan rates for free.
In August, LoanDolphin reached more than $100 million worth of home loans auctioned on its platform.
It takes around three minutes for customers to (anonymously) upload their home loan requirements before mortgage brokers, lenders and banks start bidding to offer them the best home loan rates which are never advertised.
“We are extremely excited by the capital boost which will help us accelerate our growth plans,” LoanDolphin CEO Ranin Mendis said.
“Barry’s involvement is extremely valuable to LoanDolphin and strong validation of our model and market opportunity,” Mr Mendis said.
LoanDolphin will use the funding to reach more customers, develop the team and to introduce new features to the platform.
“LoanDolphin’s bidding platform is the next generation in mortgage broking efficiency and borrower savings,” Lambert said.
“It is a much more efficient prospecting tool for mortgage brokers and therefore enables them to pass on those savings to borrowers.
“The system has been written by bankers who understand the mortgage broking industry and therefore understand the real issues for borrowers, brokers and banks,” Mr Lambert said.
He added that LoanDolphin understands exactly where substantial financial and time efficiencies could be achieved while dramatically increasing a borrower’s user satisfaction.
 
 
 
</body></html>

Leading loan bidding platform receives $1m seed funding to disrupt market

<html><body>
Burwood is the fastest rental growth in Sydney for units, according to Investar’s latest market report.
The investment firm states that Burwood’s rental price has increased by 17 percent to $470.
This is followed by Canterbury at 16 percent to $535 and Artarmon at 16 percent to $465.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="71">
Suburb
</td>
<td valign="top" width="71">
Postcode
</td>
<td valign="top" width="71">
Bedrooms
</td>
<td valign="top" width="71">
Median rent
</td>
<td valign="top" width="71">
1 yr change
</td>
</tr>
<tr>
<td valign="top" width="71">
Burwood
</td>
<td valign="top" width="71">
2134
</td>
<td valign="top" width="71">
Studio and 1
</td>
<td valign="top" width="71">
$470
</td>
<td valign="top" width="71">
17%
</td>
</tr>
<tr>
<td valign="top" width="71">
Canterbury
</td>
<td valign="top" width="71">
2193
</td>
<td valign="top" width="71">
2
</td>
<td valign="top" width="71">
$535
</td>
<td valign="top" width="71">
16%
</td>
</tr>
<tr>
<td valign="top" width="71">
Artarmon
</td>
<td valign="top" width="71">
2064
</td>
<td valign="top" width="71">
Studio and 1
</td>
<td valign="top" width="71">
$465
</td>
<td valign="top" width="71">
16%
</td>
</tr>
<tr>
<td valign="top" width="71">
Bondi Junction
</td>
<td valign="top" width="71">
2022
</td>
<td valign="top" width="71">
Studio and 1
</td>
<td valign="top" width="71">
$580
</td>
<td valign="top" width="71">
16%
</td>
</tr>
<tr>
<td valign="top" width="71">
Wollongong
</td>
<td valign="top" width="71">
2500
</td>
<td valign="top" width="71">
Studio and 1
</td>
<td valign="top" width="71">
$300
</td>
<td valign="top" width="71">
15%
</td>
</tr>
<tr>
<td valign="top" width="71">
Neutral Bay
</td>
<td valign="top" width="71">
2089
</td>
<td valign="top" width="71">
3
</td>
<td valign="top" width="71">
$975
</td>
<td valign="top" width="71">
14%
</td>
</tr>
<tr>
<td valign="top" width="71">
Bellevue Hill
</td>
<td valign="top" width="71">
2023
</td>
<td valign="top" width="71">
Studio and 1
</td>
<td valign="top" width="71">
$520
</td>
<td valign="top" width="71">
14%
</td>
</tr>
</tbody></table>
An example would be a one bedroom unit at <a href="https://www.realestate.com.au/property-apartment-nsw-burwood-417910482" target="_blank">19/316 Parramatta Road</a> (above) where the weekly rent is $490 per week.
Similarly a one bedroom unit at <a href="https://www.realestate.com.au/property-apartment-nsw-burwood-419548406" target="_blank">165/1 Railway Pde</a> (below) has a weekly rent of $500.
<img src="/images/2016/10/24/165_1%20Railway%20Pde.jpg" alt="">
</body></html>

Burwood takes top spot as fastest rental growth suburb in Sydney with a 17% increase: Investar

<html><body>
The Independent Pricing and Regulatory Tribunal (IPART) is seeking feedback on the proposed prices that Sydney Water and Hunter Water can charge for wholesale water and sewerage services from 1 March 2017 to 30 June 2021.
These services are purchased by wholesale customers who provide water and/or sewerage services to end-use (or ‘retail’) customers such as households and businesses.
Wholesale customers are typically new, smaller water utilities licensed under the Water Industry Competition Act 2006 (NSW) to service a specific development area.
The emergence of these smaller water utilities has created competition for end-use customers.
The prices that Sydney Water and Hunter Water can charge their retail customers for water and sewerage services for the period 1 July 2016 to 30 June 2020 have already been set by IPART through separate reviews.
IPART Chair, Dr Peter Boxall, said this is the first time that IPART has reviewed and set wholesale water and sewerage prices.
“Competition is important in encouraging greater efficiency in the supply of water and sewerage services. As competition develops over time, this will deliver benefits to customers,” Dr Boxall said.
“The draft decision is to set system-wide prices to reduce the need for potentially costly scheme-specific reviews, while also allowing parties to seek scheme-specific price reviews from IPART or enter unregulated agreements.”
These system-wide prices would apply to new wholesale arrangements, while the opportunity to seek a scheme-specific price review from IPART or agree to an unregulated agreement would be open to all wholesale arrangements – existing and new.
“The draft decisions are designed to encourage efficient entry and competition in the market, given its early stage of development,” Dr Boxall said. “We are interested in hearing industry and stakeholder views about the proposed approach and prices.”
Stakeholder submissions on the draft decisions are due by 7 December 2016. Copies of the report and accompanying determination are available on <a href="https://www.ipart.nsw.gov.au" target="_blank">IPART’s website</a>.
A public hearing will be held on 28 November 2016 at the Wesley Conference Centre in Sydney’s CBD.
</body></html>

Property 101: Draft Sydney and Hunter wholesale water prices released

<html><body>
The CoreLogic October Home Value Index results released today show that capital city dwelling values have reached new record highs in October, with values rising across six of the eight capitals.
CoreLogic research director Tim Lawless said the pace of growth has reduced when compared with previous months, with October dwelling values rising by 0.5 percent, compared with a 1 percent lift in September and 1.1 percent rise in August.
The latest monthly housing market data takes the quarterly change in national capital city dwelling values to 2.7 percent and 7.5 percent higher over the past twelve months.
<a href="/images/2016/11/01/Index%20results.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/01/Index%20results.jpg" alt="">
Apart from Adelaide (-1.3%) and Perth (-1.5%), every capital city recorded a rise in dwelling values over the past three months, with the Canberra housing market recording the largest increase in values after a 5.6% quarterly rise.
Lawless noted the strong conditions across the Canberra market are largely related to rising house values, with unit values increasing at less than half the pace of detached housing.
Sydney continued as the stand out based on annual capital gains, recording the largest year-on-year increase; dwelling values are now 10.6 percent higher over the past 12 months.
Detached houses (+10.9 percent) are showing only a slightly higher rate of capital gain compared with units (+9.1 percent) across Sydney, highlighting the healthier supply/demand dynamic that exists across the Sydney region for higher density housing.
“This also points to higher demand for Sydney units considering how expensive Sydney houses have become," Lawless said.
"Units generally provide a more affordable option for home ownership and investment for many buyers.”
Lawless noted most other markets, detached housing is generally outperforming the unit sector as concerns around the high number of units available for sale in the market dent buyer confidence, coupled with lending policies for unit stock becoming tighter.
<a href="/images/2016/11/01/Changes%20in%20dwelling%20values.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/01/Changes%20in%20dwelling%20values.jpg" alt="">
According to Mr Lawless, the divergence in performance between houses and units is most clearly evident in Melbourne and Brisbane.
The annual rate of capital gains in Melbourne remains strong at 9.1 percent, however there is a substantial difference in growth rates between houses and units, with house values up 9.6 percent compared with a 5.2 percent increase in unit values over the past year.
Brisbane’s housing market has shown a larger capital gain spread, with house values up 4.7 percent compared with a 1.4 percent fall in unit values over the year.
“The weaker performance of unit values across the Brisbane market may be partially attributed to supply concerns, as unit supply levels across key regions of Brisbane’s inner city show the potential for a significantly larger relative increase in existing stock levels when compared with Melbourne and Sydney.”
<a href="/images/2016/11/01/Annual%20changes%20in%20dwelling%20values.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/01/Annual%20changes%20in%20dwelling%20values.jpg" alt="">
The CoreLogic Settlement Risk report is currently tracking approximately 49,000 units that have been approved for construction across the broad Brisbane metro region.
Mr Lawless said while it’s unlikely that all projects will proceed through to commencement, based on the approval numbers across Brisbane, we could see an uplift in existing unit stock which is in excess of 25 percent over the next two years.
Comparatively, in Sydney and Melbourne, the approved unit pipeline is higher at approximately 96,000 over the next 24 months, however the potential stock uplift is much less significant, at 13 percent and 16 percent respectively relative to existing unit stock levels.
According to CoreLogic, another sign of market strength can be seen in auction results.
Auction clearance rates, which are one of the most timely measures of the fit between buyer and seller expectations, have been tracking in the mid to high 70 percent range across the combined capital city markets, with the largest auction markets of Melbourne and Sydney general showing a higher rate of clearance.
Over the past two months, clearance rates across Sydney have dipped below 80 percent only once.
A year ago auction clearance rates were consistently trending around the mid 60 percent range, albeit on volumes that were about 20 percent higher.
<a href="/images/2016/11/01/Gross%20rental%20yields.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/01/Gross%20rental%20yields.jpg" alt="">
Lawless said the strong housing market growth results are continuing to occur on a back drop of low stock levels and low transactional activity.
The latest national listing estimates from CoreLogic show total listing numbers remain 2.6 percent lower than a year ago, with the most substantial drop in listing numbers over the year recorded in Hobart, where there are almost one third fewer homes listed for sale.
Canberra stock levels are 15 percent lower than a year ago and listing numbers in Sydney remain subdued, tracking 9.6 percent lower than last year.
Mr Lawless said low stock levels tend to create a higher level of urgency in the housing market as buyers compete with each other and vendors are less willing to negotiate on prices. This may be one reason why transaction numbers have reduced over the year.
The CoreLogic turnover estimates have recently levelled after trending lower since April 2015, however settled dwelling sales over the three months ending October 31 remain 13.9 percent lower than the same three month period in 2015.
These estimates do not include off-the-plan sales, which, according to Mr Lawless, implies there is likely to be a level of upwards revision in the numbers as the record number of off the plan units move through to settlement.
While dwelling values have broadly risen during October, rental yields in Sydney and Melbourne remain depressed, with gross yields are at record lows.
The typical Sydney and Melbourne house is now providing a gross rental return of just 2.8 percent.
Taking into consideration holdings costs, expenses and vacancy, the net rental yield for houses is likely to be closer to 2 percent in these markets.
Markets where value growth hasn’t been as strong are seeing healthier yield profiles, with Hobart demonstrating the highest gross rental yields of any capital city.
<a href="/images/2016/11/01/Monthly%20settled%20dwelling%20sales.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/01/Monthly%20settled%20dwelling%20sales.jpg" alt="">
Lawless high values, low yields and a mature growth cycle haven’t been enough to deter investors from the market. Housing credit data released by the RBA earlier this week provides some insight into increased demand from the investor segment. Over March 2016, investor housing credit grew by just 0.29 percent and this has consistently increased to 0.62 percent over September. At the same time, credit growth for owner occupier housing has slowed. After peaking at 0.79 percent growth in November 2015, owner occupier housing credit growth slowed to 0.49 percent.”
“While home values are still rising, the rate of growth is slower than it was 12 months ago, however, annual growth remains somewhat heightened, particularly considering this growth phase has now been running for almost four and a half years.
“With ongoing strong value growth and high clearance rates in Sydney and Melbourne, as well debate around affordability gathering some momentum, there is likely to be further caution by the Reserve Bank around future interest rate cuts, which, if it were to occur, may provide additional stimulus for housing markets around Australia."
</body></html>

jchancellor-FAypfDUnLy

Sydney dwelling prices running at 10.6 percent annual growth: CoreLogic 

<html><body>
The Northern Beaches takes the weekend's top spot as the Sydney region with the highest auction clearance rate, according to CoreLogic’s latest weekly report.
Out of the 83 reported auctions to CoreLogic about 94% resulted in a successful outcome.
<a href="/images/2016/10/31/Sydney%20weekly%20clearance%20rate.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/31/Sydney%20weekly%20clearance%20rate.jpg" alt="">
This is followed by Sutherland with 93% and Blacktown with a clearance rate of 92%.
The region with the lowest auction clearance rate was Parramatta where only 67% of the 61 auctions known to CoreLogic resulted in a successful outcome.
<a href="/images/2016/10/31/Sydney%20sub%20regions.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/31/Sydney%20sub%20regions.jpg" alt="">
</body></html>

Northern Beaches's top spot as Sydney region with best clearance rate: CoreLogic

<html><body>
CRONE has won a design excellence competition for a new residential and hotel tower at 230 Sussex Street, Sydney.
Its design integrates the existing heritage-listed Foley Brothers warehouse with a new 115-metre hotel and residential tower.
The warehouse will be adapted to host a striking heritage courtyard and hotel lobby, creating a focal point and activated heart of the Meriton development.
CRONE design director Niall Durney said the tower’s strong connection to the existing heritage warehouse together with references to the surrounding streetscape were the winning qualities of the design.
“The tower sits on a sandstone podium with proportions taken from the adjacent heritage building,” he said.
Construction of the new 230 Sussex Street precinct will commence in April 2017 with completion expected October 2018.
<img src="/images/2016/10/06/230%20Sussex%20Street%20lobby.jpg" alt="">
</body></html>

CRONE wins 230 Sussex Street hotel design competition

<html><body>
Bell Potter has advised McGrath shareholders with an updated chart on auction volumes and clearance rates in Sydney which includes the results for last weekend.
<div class="x_WordSection1">
<a href="/images/2016/10/27/McGrathListings.png" target="_blank">Click here to enlarge</a>
<img src="/images/2016/10/27/McGrathListings.png" alt="">
"The key take-out is volumes dipped slightly last weekend relative to the weekend before and the clearance rate remained above 80%," broking analyst Chris Savage said.
"There has still yet to be, however, a meaningful uptick in volumes and we are now approaching the end of October (i.e one month of spring to go). 
"The good news, however, is that this coming weekend is looking good for Sydney with CoreLogic RP Data saying there are currently 968 auctions scheduled. 
"If this is correct, it will be the highest level for the half and easily surpass the previous highs of 863 (24th September), 835 (15th October) and 820 (22nd October). 
"Still, it is below the levels achieved last spring when auctions regularly exceeded 1,000 on a weekend. 
"We wait and see if the scheduled uptick in volumes this weekend continues into November and if there is is a late uptick in volumes for the spring selling period," he said.
Expansionary McGrath's volumes are up slightly year on year, against the overall market trend of less auction stock.
Property Observer is aware there were 111 auctions between 10 October 2015 and 12 October 2015. There were 95 McGrath auctions between 17 October 2015 and 19 October 2015. There were 111 auctions between 23 October 2015 and 26 October 2015.
Last weekend McGrath had around 127 weekend auction offerings, up on the prior weekend's 115 listings and around 108 on the October 8 weekend.
Property Observer suggests Saturday November 26 will be a bonanza, with many fresh vendors seeking to get a sale on the last Saturday of November. There is quite likely a busy December ahead too.
</div>
</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