<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>
Whalan takes the equal top spot as Sydney's 2016/2017 hotspot for investing in houses with an expected increase of seven percent over the next 12 months.
The median price at Whalan is currently $480,000, according to APM, in their forecast developed by APM senior economist, Dr Andrew Wilson.
An example would be a four bedroom home currently on sale for between $485,000-$525,000 at <a href="https://www.realestate.com.au/property-house-nsw-whalan-123290346" target="_blank">227 Luxford Rd</a> Whalan (above), which is between $5,000 - $45,000 above the median price.
<img src="/images/2016/09/22/Screen%20Shot%202016-09-22%20at%208.21.00%20AM.png" alt="">
Similarly a four bedroom house was recently sold for $495,000 at <a href="https://www.realestate.com.au/sold/property-house-nsw-whalan-122168302" target="_blank">66 Torres Crescent</a> (above), which is $15,000 above the median price.
The Smart Investor magazine, published by Fairfax Media, ranked Burwood as second best hotspot.
Suburb               Postcode    Median price      12 month forecast
Whalan               2770         $480,000           7%
Burwood             2134         $2,250,000        7%
North Strathfield  2137         $1,652,257        6%
South Granville    2142         $820,500           6%
Cabarita              2137         $2,632,000        5%
Sylvania Waters   2224         $1,817,500         5%
Manly                 2095         $2,715,000         5%
Telopea              2117          $1,082,500        5%
Homebush         2140          $1,931,460         4%
Pitt Town           2756          $1,070,000         3%
 
</body></html>

j.ballantyne1990-6AQqhLzZaK

Whalan tops list of 2017 Sydney property hotspots

<html><body>
The preliminary clearance rate for Sydney stands at 85.1 percent for the week ending 18 September, according to CoreLogic.
The busiest sub-region of Sydney was North Sydney and Hornsby, with a preliminary clearance rate of 92 percent. The Eastern Suburbs had a clearance rate of 94.2 percent.
<a href="/images/2016/09/19/Screen%20Shot%202016-09-19%20at%2011.58.38%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/19/Screen%20Shot%202016-09-19%20at%2011.58.38%20AM.png" alt="">
</body></html>

jonathanchancellor-7SQnKwU6yx

North Sydney, Hornsby busiest Sydney weekend auction locations: CoreLogic

<html><body>
The Colombian Hotel, an eastern Sydney partygoer favourite, has sold for an undisclosed sum after a marketing campaign by Ray White Hotels which drew more than 80 enquiries.
The three-level hotel, a former Westpac Bank before its conversion into the popular Colombian Hotel by McHugh Holdings, enjoys great street presence by virtue of its Oxford St and Crown St corner location. It is open from 9 pm to 6 am and features poker machines and drag shows.
The selling agents were Ray White Hotels’ Andrew Jolliffe and Gerry Quinlan. Jolliffe, who in the past 12 months has sold the neighbouring Woollahra Hotel, Dolphin Hotel, Four in Hand Hotel, Light Brigade Hotel and Paddington's Royal Hotel, said he was not surprised by either the price achieved or competitive nature of the sale process. 
"In a low interest rate cycle, the opportunity to invest in hard yielding A grade property assets complete with upside triggers available to improve already impressive cash flow themes, is seldom available" advised Jolliffe. 
Interest in the highly publicized sale of the hotel drew enquiry from around the globe, said Quinlan. "We were inundated from the moment we made public the proposed sale of the hotel, with enquiry ranging from well known national hoteliers and hotel groups; to local and international property developers,” said Quinlan. 
Property Observer had previously carried the story about the hotel being listed for sale.
"The investment thesis for this opportunity was compelling, with scale, position, opportunity and profitability all central components.” 
Neither Jolliffe or Quinlan commented on the price paid or the buyer’s identity, but it's emerged Sam Arnaout's Iris Capital paid in excess of $15 million for the imposing three-storey former Westpac building on the corner of Oxford and Crown Streets in the heart of Sydney's gay nightclub scene.
The Colombian, including its hotel licence and gaming entitlements, was put up for sale by publican David McHugh in July. It last sold for $6.7 million in 2011
 Read more: <a href="https://www.afr.com/real-estate/commercial/hotels-and-leisure/iris-capital-snaps-up-colombian-hotel-in-heart-of-sydneys-gay-nightlife-strip-20160915-grgusy#ixzz4KgmwLFCj">https://www.afr.com/real-estate/commercial/hotels-and-leisure/iris-capital-snaps-up-colombian-hotel-in-heart-of-sydneys-gay-nightlife-strip-20160915-grgusy#ixzz4KgmwLFCj</a>  Follow us: <a href="https://ec.tynt.com/b/rw?id=cCUjAS_ECr5iWLacwqm_6l&amp;u=FinancialReview" target="_blank">@FinancialReview on Twitter</a> | <a href="https://ec.tynt.com/b/rf?id=cCUjAS_ECr5iWLacwqm_6l&amp;u=financialreview" target="_blank">financialreview on Facebook</a>
</body></html>

prateek24-ezbwHMbNAk

Sydney's Colombian Hotel changes hands after hot marketing campaign

<html><body>
Sydney-based developer Dyldam’s founder and chief executive Joe Khattar has been named Property Person of the Year by Urban Taskforce. 
Khattar arrived in Australia from Tripoli in 1967 when he was 17 and joined his father in the construction industry just two years later. He led Dyldam from a small operation 47 years ago into a leading provider of affordable apartments with a special focus in Western Sydney, according to a media release.
<img src="/images/2016/09/19/Khattar.png" alt="">
Urban Taskforce CEO Chris Johnson said, “Joe Khattar seems to be everywhere in Western Sydney with Dyldam as sponsors of the GWS Giants AFL team, the Sydney Kings national basketball team, junior rugby, football and AFL sporting teams along with charities and community organisations.” 
Dyldam’s projects include the award-winning Koi Parramatta apartment project, a three-tower development at 142 Macquarie Street and a precinct proposed at Gateway South in Parramatta. The developer has 2,000 apartments and 50,000 sqm of commercial space in the planning approval stage in Parramatta alone, said the release.
Urban Taskforce Chair, Peter Daley said “Joe has worked his way up through the building and development industry to becoming one of the major developers in NSW.”
Adds Johnson, “Joe Khattar’s life is a fascinating example of a migrant working his way up in Australia. Joe arrived from Tripoli in 1967 at the age of 17. Just two years later, having studied at Arthur Phillip High School, Joe became the third generation of the Khattar family to work in the construction industry.
“In 1969, he joined forces with his father Naim Khattar to build a humble red brick six unit walk-up – establishing what was to become one of Australia’s leading high density residential developers.”
Khattar is also president of the Australian Lebanese Chamber of Commerce.
</body></html>

Sydney developer Dyldam’s Joe Khattar is Urban Taskforce’s property person of the year 

<html><body>
Residential vacancy rates have tightened across the Sydney market, led by middle Sydney, according to data released by the Real Estate Institute of New South Wales. 
REINSW deputy president Brett Hunter said the August 2016 REINSW Vacancy Rate Survey saw Sydney with an overall vacancy rate of 1.8 percent, down 0.1 percent. 
Middle Sydney, which includes suburbs such as Manly, Parramatta, Strathfield and Willoughby, declined 0.3 percent to 1.6 percent. 
Inner Sydney, which includes Botany Bay, Lane Cove, Mosman, Sydney and Waverley among others, was steady at 1.9 percent, while outer Sydney was down 0.2 percent to 1.7 percent, he said.
In the Hunter region, vacancy rates rose 0.3 percent to 2.7, led by a 0.6 percent climb to 3 percent in Newcastle. 
In the Illawarra region, vacancy rates fell 0.3 percent to 1.6 percent, with Wollongong down 0.5 percent at 1.1 percent. 
Across regional areas, New England fell 0.8 percent to 3.9 percent, Murrumbidgee dropped 0.1 percent to 1.5 percent and Albury was down 0.6 percent at 3.1 percent. 
</body></html>

Sydney residential vacancy rates tighten: REINSW 

<html><body>
Parramatta council has released an updated concept design for its $2 billion revamp of Parramatta Square CBD, which it says are based on feedback from residents and stakeholders. 
The new plans, now on public display, include an interactive ‘digital carpet’, grassed terraces, smart shading structures, a grove of historic Cabbage Tree Palms, and billabong- like water features. 
That feedback and further design ideas have helped shape the Enhanced Concept Design that is now available for public comment. The first draft was released in October 2015. 
The concept design was created by 42 – a design team including award-winning firms James Mather Delaney Design (JMD), Taylor Cullity Lethlean (TCL), Tonkin Zulaikha Greer (TZG) and Gehl Architects, Denmark. 
“In the 12 months since releasing the Draft Concept Design, Council has had much more information to incorporate, including community feedback and key milestones in Parramatta Square making it possible to provide a more meaningful approach that took all buildings in the space into account,” City of Parramatta Council administrator Amanda Chadwick said. 
“The community have told us they want flexible places to meet and relax, the provision of public art, and spaces for entertainment and events.”
<img src="/images/2016/09/15/Parramatta2.jpg" alt="">
Chadwick said the council has finalised international design competitions for five buildings on Parramatta Square and also adopted a Technology Masterplan for the precinct.
The forecast $36.5 million budget for the public domain will be funded by the development of Parramatta Square, at no cost to ratepayers.
Residents can view the Parramatta Square Public Domain Enhanced Concept Design at the City of Parramatta Council Library, branch libraries and at the Customer Service Desk at 126 Church Street, Parramatta. 
A Parramatta Square community event will be held at Parramatta Town Hall on Friday, 7 October from 10 am to 2 pm, where the Parramatta Square Public Domain Enhanced Concept Design will be available for viewing. It can also be viewed at council libraries or online at <a href="https://www.parracity.nsw.gov.au" target="_blank">www.parracity.nsw.gov.au</a>.
 
</body></html>

Local council lays out new design for $2 billion Parramatta Square revamp

<html><body><div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
GUEST OBSERVER
The announcement by NSW Planning Minister, Rob Stokes, that Sydney’s population is growing faster than expected means a diversity of housing types is needed. 
Sydney’s housing supply is already 6,000 less than required annually, so an extra 3,000 a year will need a rethink of the planning system.
While the state government sets policy it is at the local council level that housing approvals are being held up so reform is needed here.
One solution is for the Greater Sydney Commission (GSC) to establish a planning centre of excellence in each of its six districts. The District Commissioner would work with a District Chief Planner to process applications over $20 million and drive strategic planning outcomes.
Minister Stokes in media coverage on the need for increased housing supply said he preferred a Barcelona mid-rise urban form to a Shanghai high rise form. It is unfortunate that the government is seeing Sydney’s future focussed on European old city models and rejecting the emerging energy of Asian cities. Shanghai, like most cities, has a mix of high rise, medium rise and low rise buildings and Sydney needs a similar diversity of housing types.
The Urban Taskforce supports a diversity of built form solutions to our housing needs. This will include high rise close to railway stations and town centres surrounded by mid-rise buildings.
Sydney can learn from the booming cities of Asia including Shanghai where planning authorities have ensured infrastructure is provided to support the growing population with very fast trains, extensive metro systems, mixed-use cosmopolitan zoning and a focus on global jobs. It is too easy to typify Shanghai through images of the high rise in Pudong without understanding the broader city structure. In the same way the Sydney CBD skyscrapers do not sum up the overall built form of Sydney.
Chris Johnson is chief executive officer of property development industry group Urban Taskforce and can be contacted <a href="https://www.urbantaskforce.com.au/index.php?option=com_content&amp;view=article&amp;id=97&amp;Itemid=126#.Vdaart55dFI" target="_blank">here</a>.
</div>
</div>
</div></body></html>

jchancellor-FAypfDUnLy

Sydney’s increased population growth needs a diversity of housing

<html><body>
Sydney has a preliminary auction clearance rate of 80.0 percent across 604 reported results for the week ending September 11, according to CoreLogic.  
Across the Eastern region the preliminary clearance rate is 91.6 per cent, and the Central Coast sub-region at 58.3 percent.
<a href="/images/2016/09/12/Screen%20Shot%202016-09-12%20at%2011.40.20%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/12/Screen%20Shot%202016-09-12%20at%2011.40.20%20AM.png" alt="">
</body></html>

Sydney's Central Coast at 58.3 percent clearance rate: CoreLogic

<html><body>
GUEST OBSERVER
Sydney’s property market is buoyant but signs it’s still white hot should be dismissed, with clearance rates partly skewing market perceptions.
Auction clearance rates should not be the sole barometer for how the market is performing and could inadvertently spook buyers into rushing their decision, or sellers into choosing an auction sales method without considering alternatives that might achieve a better sale result for their property.
Many Australians watching the property market are unaware that auction clearance rates don’t constitute how many properties actually sell within a week. Last year the majority of properties were going to auction because it was a more efficient process and agents had confidence that these properties would almost certainly sell. Currently, there are fewer properties being sold by auction and a lot of agents are only taking the properties to auction that they perceive are guaranteed to sell. 
It’s very much a case of apples and oranges. We are still seeing almost all properties go to auction in certain pockets of the lower north shore and eastern suburbs, but this doesn’t reflect the entire market, especially when only about 10 per cent of properties go to auction in Sydney’s west – a community home to 12 percent of Australia’s entire population.
Sydney in itself is not selling a proportionate amount of properties at auction to make an accurate prognosis of the market. We are currently averaging around 300 properties going to auction over the weekends, but I think we should be looking at the results of total residential sales for the whole week, not just the auctions on the Saturday.
Rather than just using auction clearance rates as a barometer, I urge Australians to consider other metrics such as the average days on market and/or the price achieved as a percentage of the asking price. Auction clearance rates are simply a cross-section view of the market.
Here are three tips
Review number of days properties spend on the market
When the number of days on market goes down, understandably it means that the market is doing well. Likewise, when the number of days goes up, it’s generally a sign that the market might be toughening, or – for Sydney – be a sign of a stabilising market.  How Australians can make an informed opinion: 
Last year was very much a case of a high tide floating all boats but this year, despite the market still being strong, there are various nuances across different parts of our city. We shouldn’t be looking at Sydney as a whole, but at individual suburbs, and how things are moving and changing on a much more granular level. Consumers should spend time researching by monitoring listings, specifically, how long properties are on the market for.
Finally, no one knows the area better than local real estate agents and I strongly advocate people talking to the leading agents in their local area, to ensure they are well informed about how the market is performing. According to data from CoreLogic, about 1,000 more properties are being listed for sale than this time last year but the average days on market for Sydney properties this July was 40 days, much different to the average of 26 days in July last year. This really shows how the market is performing and my advice is to look at these independent research findings to get further insight into what’s happening on the ground.  
Assess the percent ratio of the achieved price to asking price
One way to get an accurate measure on how the market is performing is to look at the percentage ratio of the price achieved for properties against the asking price. Last year in Sydney most properties sold for the value within the price guide or above but now we’re in a situation where properties are selling within the price guide or below. But this certainly doesn’t mean the market is crashing. To make an effective prognosis of the market, we need to ensure that we’re looking at all of the facts.  How Australians can make an informed opinion: 
Median house and unit prices are down ever so slightly from the same time last year according to CoreLogic. For units it’s about $1,400 less and for houses it’s about $15,000 less, which really isn’t much in the grand scheme of things. These days, many agents send email newsletters detailing new listings and recent sales with price achieved so my advice is to get on these lists and keep in touch with agents that you’re meeting at open for inspections. There are also some free online tools that can help consumers track the advertising history for properties, to get an indication of property sale histories or what price reductions might have occurred over the past week.  
How to determine more accurate auction clearance rates 
To make an accurate market prognosis, we need to make sure we’re looking at all the facts. In the case of auction clearance rates, there’s no automated process at reporting the results accurately. In many cases you’ll find that agents won’t disclose the details of any properties that were passed in and the problem with brushing these things under the carpet is that you’re going to get a lumpy carpet, which could cause some consumers to trip. The results are often distorted by what’s being withheld, not to mention auction clearance rates also include properties that sold prior to auction with no competitive bidding at play. How Australians can make an informed opinion: 
Straight away, I urge consumers to take approximately 10 per cent off the clearance rates they’re seeing in the headlines. This will provide a more realistic number to make a sound market prognosis. There are many great resources available to Australians, including Cooley Auctions’ Cooley Index, which is a report on total auction volume, clearance rate, percentage sold over reserve and more, as well as a comparison to the same time the previous year. These stats are sometimes up to 10 per cent less than other reports, so given that they are highly reputable auction specialists, this in itself should motivate consumers to rethink clearance rates.
Another thing to remember is that we’re sometimes only dealing with about 200-300 properties being sold at auction here in Sydney, while Melbourne is often dealing with two to three times that amount. At those kinds of numbers, auction clearance rates are going to be a much better barometer of the Melbourne market unlike Sydney’s rates, which are tantamount to looking at the property market through a keyhole.
DOUGLAS DRISCOLL is chief executive officer of real estate agency <a href="https://www.starrpartners.com.au/" target="_blank">Starr Partners</a>.
 
</body></html>

douglasdriscoll-EkfdEjJSsC

Auction clearance rates unreliable metric for Sydney property buyers: Douglas Driscoll

<html><body>
<div class="tg-tlc-storybody_intro">
Despite the massive surge in property prices in Sydney’s West, the region is still home to the city’s most affordable rental apartments.
</div>
Government statistics reveal median entry level one-bedroom weekly rents are as low as $280 a week.
That secures a one-bedder, mostly unrenovated, around Blacktown and Fairfield.
Carramar offers the cheapest two-bedroom median rentals at $300 a week, $20 less than Cabramatta at $320.
<table style="height: 440px; width: 549px;" border="0" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td> </td>
<td colspan="4">
 
</td>
</tr>
<tr>
<td> </td>
<td colspan="2">
 
</td>
<td> </td>
<td> </td>
</tr>
<tr>
<td>
 Postcode
</td>
<td colspan="4">
Median
</td>
</tr>
<tr>
<td>
 
</td>
<td colspan="2">
$
</td>
<td> </td>
<td> </td>
</tr>
<tr>
<td colspan="2">
                                                              Lowest 1 bedroom
</td>
<td colspan="2"> </td>
<td> </td>
</tr>
<tr>
<td width="140">
2148 (Blacktown)
</td>
<td colspan="2" width="66">
280
</td>
<td> </td>
<td> </td>
</tr>
<tr>
<td width="140">
2165 (Fairfield)
</td>
<td colspan="2" width="66">
280
</td>
<td> </td>
<td> </td>
</tr>
<tr>
<td width="140">
2195 (Lakemba)
</td>
<td colspan="2" width="66">
315
</td>
<td> </td>
<td> </td>
</tr>
<tr>
<td width="140">
2145 (Greystanes)
</td>
<td colspan="2" width="66">
320
</td>
<td> </td>
<td> </td>
</tr>
<tr>
<td width="140">
2144 (Auburn)
</td>
<td colspan="2" width="66">
335
</td>
<td> </td>
<td> </td>
</tr>
<tr>
<td width="140"> </td>
<td colspan="2" width="66"> </td>
<td> </td>
<td> </td>
</tr>
<tr>
<td colspan="2">
                                                              Lowest 2 bedroom
</td>
<td colspan="2"> </td>
<td> </td>
</tr>
<tr>
<td>
2163 (Carramar)
</td>
<td colspan="2">
300
</td>
<td> </td>
<td> </td>
</tr>
<tr>
<td>
2166 (Cabramatta)
</td>
<td colspan="2">
320
</td>
<td> </td>
<td> </td>
</tr>
<tr>
<td>
2165 (Fairfield)
</td>
<td colspan="2">
350
</td>
<td> </td>
<td> </td>
</tr>
<tr>
<td>
2195 (Lakemba)
</td>
<td colspan="2">
360
</td>
<td> </td>
<td> </td>
</tr>
<tr>
<td>
2192 (Belmore)
</td>
<td colspan="2">
370
</td>
<td> </td>
<td> </td>
</tr>
<tr>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
</tr>
<tr>
<td colspan="2">
                                                             Highest 1 bedroom
</td>
<td colspan="2"> </td>
<td> </td>
</tr>
<tr>
<td>
2000 (Sydney)
</td>
<td colspan="2">
630
</td>
<td> </td>
<td> </td>
</tr>
<tr>
<td>
2009 (Pyrmont)
</td>
<td colspan="2">
600
</td>
<td> </td>
<td> </td>
</tr>
<tr>
<td>
2039 (Rozelle)
</td>
<td colspan="2">
600
</td>
<td> </td>
<td> </td>
</tr>
<tr>
<td>
2022 (Bondi Junction)
</td>
<td colspan="2">
595
</td>
<td> </td>
<td> </td>
</tr>
<tr>
<td>
2050 (Camperdown)
</td>
<td colspan="2">
590
</td>
<td> </td>
<td> </td>
</tr>
<tr>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
</tr>
<tr>
<td colspan="2">
                                                             Highest 2 bedroom
</td>
<td colspan="2"> </td>
<td> </td>
</tr>
<tr>
<td>
2000 (Sydney)
</td>
<td colspan="2">
895
</td>
<td> </td>
<td> </td>
</tr>
<tr>
<td>
2027 (Darling Point)
</td>
<td colspan="2">
798
</td>
<td> </td>
<td> </td>
</tr>
<tr>
<td>
2061 (Milsons Point)
</td>
<td colspan="2">
798
</td>
<td> </td>
<td> </td>
</tr>
<tr>
<td>
2011 (Woolloomooloo)
</td>
<td colspan="2">
795
</td>
<td> </td>
<td> </td>
</tr>
<tr>
<td>
2010 (Surry Hills)
</td>
<td colspan="2">
780
</td>
<td> </td>
<td> </td>
</tr>
<tr>
<td width="140"> </td>
<td width="38"> </td>
<td width="38"> </td>
<td width="20"> </td>
<td width="20"> </td>
</tr>
</tbody></table>
Anglicare Sydney’s recent rental affordability snapshot reviewed some 15,000 properties available on the first weekend of April and found only 76 were affordable and appropriate for households on income support payments without placing them in “rental stress”.
The NSW Fair Trading rental bond data shows the dearest one- and two-bedroom units for lease are all within proximity of the CBD.
The most expensive units have a median rent of $630 for a one-bedder and $895 for two bedrooms.
Two-bedroom tenants pay around $100 a week less in Darling Point and Milsons Point, where the median rent is $798.
Milsons Point leasing agent Andre Pang says new developments have meant rental prices have been steady.
The Rental Bond Board data will be released regularly on the Fair Trading website from later this year.
Victor Dominello, the Minister for Innovation and Better Regulation, says the open data initiative will allow renters and landlords to compare median rents across NSW.
“We are living in the digital age and open data can be utilised to empower communities and policymaking,” he said.
Lakemba is the third cheapest rental suburb according to the state government figures. The median rental for a one-bedroom Lakemba unit is $315 a week.
An as-new studio apartment near Lakemba train station is available at $290 per week, complete with kitchenette, ensuite and balcony.
Greystanes has median rental price for one-bedroom units at $320 a week.
Auburn is over $50 a week more expensive than Blacktown. Its one-bedroom median unit price is $335 a week.
There are only two two-bedroom properties up for rent on realestate.com.au in Carramar, and they’re both available at $300 a week.
The Rental Bond Board had 537,000 bonds held for the Greater Sydney area, where median rents rose 4.3 percent over the March quarter.
NSW Fair Trading the top 5 postcodes with the highest and lowest median rents (per week) in Sydney for apartments.
This article was first published in the Saturday Daily Telegraph.
</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