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.

Joel Robinson

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

[smartcode_project_cta:default project_id=152737]

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Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

[smartcode_project:default project_id=150999 project_image_fid=374005]

The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

[smartcode_project:default project_id=150999 project_image_fid=374010]

Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

[smartcode_project:default project_id=150999 project_image_fid=374002]

“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

[smartcode_project_cta:default project_id=150999]

Maréa Residences brings parkside apartments to Coolangatta

Melbourne developer PDG has secured Victorian Government approval for its $1.5 billion Southbank development <a href="https://www.apartments.com.au/new-apartments/the-one-1-queens-bridge-street-southbank-vic-3006">The One</a>, clearing the way for the long-dormant riverfront site opposite Crown to finally be developed.

The Minister for Planning has approved the project at 1-29 Queens Bridge Street, with the Department of Transport and Planning issuing the planning permit following its assessment.

The approval will allow PDG to develop the prominent 5,059 sqm site with a major mixed-use tower comprising premium apartments, including branded residences, a luxury hotel and boutique office space.

PDG acquired the site in late 2024, with its position directly opposite Crown's main entrance and near Melbourne's Arts Precinct making it one of Southbank's most significant remaining development opportunities.

<img alt="PDG" data-entity-type="file" data-entity-uuid="3933013e-6332-4386-b9be-089df05caf17" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.22%E2%80%AFAM.png?VersionId=sITIgBqDL0N3VNSMwWEmF5UA.uvcsRyu" />

Designed by COX in collaboration with ODO and PDG, the tower's architecture draws on the movement of the Yarra River, with six vertical pleats running the height of the sculpted facade.

The project will also see the heritage-listed Queens Bridge Hotel restored and incorporated into the development&nbsp;with new hospitality and public uses, including a rooftop venue.

A significant component of The One will be its residential amenity.

More than 5,000 sqm of resident facilities will be delivered across a single level, making it one of the largest consolidated residential amenity offerings proposed in an Australian apartment development.

The planning approval also incorporates a major upgrade of Queensbridge Square, which PDG will deliver in partnership with the City of Melbourne.

<img alt="PDG" data-entity-type="file" data-entity-uuid="73167fcd-1031-4b6f-a408-a064cfe45ed1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.17%E2%80%AFAM.png?VersionId=Pf1AEWxw6SNmBqR0zQW5lyEze.MtxgFp" />

The existing square will be revitalised as a new civic and pedestrian space along the Yarra River, strengthening the connection between the project, Southbank and the riverfront.

PDG Founder and Managing Director Vince Giuliano said the approval represented a major milestone for a site which has remained largely underutilised for more than 15 years.

“This is the most significant Planning Permit approval Melbourne has seen in recent years,” Giuliano said.

“For more than 15 years, this site has remained underutilised. This approval enables us to deliver a project that will contribute meaningfully to the revitalisation of Southbank, restore and reactivate an important heritage building, and create a new civic and hospitality destination for Melbourne.”

The latest approval follows an earlier planning permit issued by the City of Melbourne covering demolition works across part of the site at 9-29 Queens Bridge Street. Those demolition and early works are already underway.

PDG has also started generating early interest in the residential component from owner-occupiers ahead of a planned public launch in early 2027.

PDG secures approval for $1.5bn Southbank apartment development, The One

Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

&nbsp;

Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

First look: Harridan plans Burke Street transformation beside Boggo Road transport hub

Townhouses

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Urban.com.au's Michael Townley sits down with Aultun Property Group's Jo Tonkin and Cera Stribley Architects' Domenic Cerantonio to discuss the <a href="/buildings/haven-townhomes-42-homeleigh-road-keysborough">Haven Townhomes project in Keysborough</a>, in Melbourne's south-east.

Jo notes that what sets Haven Townhomes apart from other projects is the "ability to grow" and become part of the thriving Keysborough community with a host of services and amenities, all within walking distance of the development.

Domenic provides insight into some of the key design drivers behind the project, and emphasises the importance of interior spaces which provide strong connections with the outdoors.

To find out more about Haven Townhomes, watch the video below or click on the project page located in the top right hand corner.

<iframe allow="autoplay; encrypted-media" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/o2abVedYdR4" width="560"></iframe>
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urbantv

Urban TV profiles Aultun Property Group's Haven Townhomes in Keysborough

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Townhouses are leading the charge in Melbourne's west in terms of what is currently being offered to buyers, with two major projects notching significant development milestones.

Stockland is set to move the first stage of its Orion at Braybrook townhouse precinct to construction, appointing Glenvill Projects as head contractor. Orion at Braybrook is Stockland’s largest stand-alone medium density project in Australia, incorporating a hefty 422 townhouses.

The first stage though is now in the hands of Glenvill Projects who specialise in the construction of townhouse and medium density apartment projects.

The 11.5-hectare precinct is the design of DKO Architecture and sits adjacent to 10 additional hectares of parkland. 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image5_17.jpg" rel="gallery-all" title="One of Orion at Braybrook's differing townhouse designs. Image: DKO Architecture"><img alt="" class="image-article-full-width-580px" height="380" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image5_17.jpg?itok=BLLdHN7q" title="One of Orion at Braybrook's differing townhouse designs. Image: DKO Architecture" width="580"></a>

<figcaption>One of Orion at Braybrook's differing townhouse designs. Image: DKO Architecture</figcaption></figure>Stockland's Ben Cantwell said that Orion at Braybrook "will set a new benchmark for housing innovation in Melbourne’s inner-west so we sought to partner with Glenvill Projects because of their many years of experience and excellent track record of quality work.

Orion at Braybrook is also a key component of Stockland’s strategy to help meet Victoria’s housing demand by providing exceptional housing options for homebuyers at all stages of life."

Underlining the latent demand for townhouses on Melbourne's west, Bewise Property Group also recently launched the first stage of <a href="http://www.hampsteadpark.com.au/" target="_blank" rel="nofollow">Maidstone's Hampstead Park</a>. 

Having picked up 82-96 Hampstead Road during 2016 for $41.5 million, Bewise Property Group's townhouse aspect of the development consists of 157 dwellings. ClarkeHopkinsClarke assumed design duties for the project, creating both low and medium-rise buildings within the overall development.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image7_23.jpg" rel="gallery-all" title="Hampstead Park's initial release. Image: Bewise Property Group"><img alt="" class="image-article-full-width-580px" height="326" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image7_23.jpg?itok=Ue3wLvqo" title="Hampstead Park's initial release. Image: Bewise Property Group" width="580"></a>

<figcaption>Hampstead Park's initial release. Image: Bewise Property Group</figcaption></figure>Whilst the townhouse aspect will serve to meet demand in the current market, Hampstead Park's overall plan also includes mid-rise apartment buildings above a raft of retail and community-based tenancies.

The townhouses are arranged around a communal park, whilst the apartments buildings front the site's perimeter. According to ClarkeHopkinsClarke 400 plus apartments are in the pipeline, as is a supermarket, community centre, medical centre and child care centre.

One the precinct's design ClarkeHopkinsClarke states that "Based on the 4 key principles of Community, Integration, Identity and Sustainability, the design will aspire to create a modern and vibrant community, that integrates within the existing context of the site, has a strong sense of identity, and shapes a socially and environmentally sustainable environment. 

The development will set a new benchmark for mixed-use developments, increasing population density, without overloading current infrastructure, and act as a catalyst for future urban renewal."

For now though both the Braybrook and Maidstone townhouse releases are adequately meeting buyer demand, particularly from a townhouse perspective.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image6_22.jpg" rel="gallery-all" title="A potential future stage of Hampstead Park. Image: CHC"><img alt="" class="image-article-full-width-580px" height="296" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image6_22.jpg?itok=W292Sazf" title="A potential future stage of Hampstead Park. Image: CHC" width="580"></a>

<figcaption>A potential future stage of Hampstead Park. Image: ClarkeHopkinsClarke</figcaption></figure>
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silvermb

Braybrook and Maidstone step into the development spotlight

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Box Hill's emerging hotel sector will welcome another operator with Avani Hotel confirmed for Central Park Box Hill.

The 20 level development which has yet to appear above ground is backed by H&amp;F Property and is in the hands of builder Maxcon. H&amp;F Property is a Melbourne-based development firm which brings together Richard and Eddie Hirsch (United Petroleum) and Daniel Faigen (Deague Group).

Daniel Faigen confirmed to Apartments.com.au that Minor International will occupy 75 suites within the mixed-use project under their Avani Hotel brand, with the balance dedicated to 93 private apartments.

Minor International's Avani Hotel is an upmarket designer brand; the hospitality and leisure company also controls Oaks Hotels &amp; Resorts which are prevalent across Melbourne's CBD.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image193_2.jpg" rel="gallery-all" title="SJB Architects have included significant amenities within Central Park Box Hill"><img alt="" class="image-article-full-width-580px" height="436" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image193_2.jpg?itok=DjuP3Brq" title="SJB Architects have included significant amenities within Central Park Box Hill" width="580"></a>

<figcaption>SJB Architects have included significant amenities within Central Park Box Hill</figcaption></figure>Supplementing Avani Hotel and the private apartments is 1,500 square metres of consulting suites within the podium, owing to the development's location opposite Box Hill's medical precinct.

According to Daniel Faigen Minor international was drawn to the development due to its high-quality design. Created by SJB Architects, Central Park Box Hill includes extensive outdoor rooftop amenities which include an indoor/outdoor dining areas, full-size kitchen, gym, pool and sauna.

Minor International's push into the Melbourne market will see its Box Hill presence supplemented by a new CBD hotel which is slated to open next month. Avani Central Melbourne will be located within the 55 level Avant tower at 60 A'Beckett Street which is rapidly approaching construction completion.

Daniel Faigen noted that H&amp;F Property and Minor International are in discussions regarding the prospect of further outlets across the developer's land portfolio.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image190_0.jpg" rel="gallery-all" title="Bruce Henderson Architects have created 107 Darling Road."><img alt="" class="image-article-full-width-580px" height="326" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image190_0.jpg?itok=Uf1oop36" title="Bruce Henderson Architects have created 107 Darling Road." width="580"></a>

<figcaption>Bruce Henderson Architects have created 107 Darling Road.</figcaption></figure>Looking ahead and H&amp;F Property's upcoming project at 107 Darling Road will signify the developer's first foray into the fledgling build to rent sector.

Small in stature, 107 Darling Road will consist of only 9 high-end townhouses split between 7 x 3 storey townhouses with private lifts and 2 x 2 townhouses. Bruce Henderson Architects have undertaken the design for the development which includes underground car parking.

Daniel Faigen explained that on the back of H&amp;F Property's particular success in selling the designated 3 bedroom stock within their completed Grace Apartments at 1555 Malvern Road, the developer recognised the underlying depth for this product in the area. Consequently the compact site was always earmarked as a boutique project.

H&amp;F Property also has another significant development in the pipeline which Daniel Faigen has described as a "very special building." More details on that particular project in coming weeks.
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H&F Property secures Avani Hotel for Box Hill; Malvern East is next on the agenda

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Across inner Melbourne, townhouse developments are becoming increasingly common, according to Secret Agent's latest report.
With limited block sizes closer to the city, developers have to constantly negotiate the size of the actual house with the amount of land available.
Because of these varying levels of building density, Secret Agent wanted to find out if there was a ‘sweet spot’ in the ratio between indoor area and land area.
Are we paying more for a certain ratio?
For the purpose of this bulletin, density refers specifically to the ratio between indoor built area to total land area.
See the diagrams below.
Townhouses nearly always span multiple levels, meaning they often have more indoor area than total land area.
<a href="https://www.propertyobserver.com.au/images/2017/06/Screen%20Shot%202017-02-06%20at%201.54.59%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/Screen%20Shot%202017-02-06%20at%201.54.59%20pm.jpg" alt="">
Our sample consisted of 232 townhouse sales across 29 suburbs in inner Melbourne, all of which took place between January and December 2016.
A hedonic regression model was used and controlled for area (suburb), sale date, number of bedrooms, bathrooms and car spaces, and size of indoor and outdoor habitable space.
Overall, the ratio of indoor area to land area (in m2) did not have a statistically significant impact on townhouses as a continuous variable (i.e. not categorised).
"However, if we group townhouses with similar ratios into different ranges (e.g. 1:1.5 to 1:1.75), we found that an initial increase in the ratio (i.e. more dense development) led to an increase in average sale price, but the trend quickly reverses as the ratio increases further," the report stated.
<a href="https://www.propertyobserver.com.au/images/2017/06/Screen%20Shot%202017-02-06%20at%201.55.07%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/Screen%20Shot%202017-02-06%20at%201.55.07%20pm.jpg" alt="">
The only ratio that had any significant positive impact on expected sale price was a 1:1 ratio, up to a 1:1.27 ratio.
On average, townhouses in this category had a land area of 95m2 and an indoor square metre rate of 109m2.
Additionally, these properties had outdoor space (land area not occupied by the building) of 34m2, which is about 36% of the total land, however this was not a prerequesite for the 'sweet spot'.
It is expected that townhouses in the 1:1 to 1:1.27 range can sell for up to 15.15 percent more than denser developments with twice as much indoor area as the land size.
While there is always a demand for bigger houses, it's important to remember that there is such a thing as too much space.
Property Observer found these townhouses currently on the market in Melbourne.
A two bedroom townhouse in Richmond, <a href="https://www.realestate.com.au/property-townhouse-vic-richmond-124572226" target="_blank">11/22 Buckingham Street</a>, with roof top views (pictured above) is currently on the market for between $720,000 - $780,000.
In Malvern East, the three level three bedroom townhome (below) at <a href="https://www.realestate.com.au/property-townhouse-vic-malvern+east-124689830" target="_blank">1039E Dandenong Road Malvern East</a> is up for auction March 11 through Krish Bundhoo and Courtney Matthews of Ray White Mount Waverley.
<img src="https://www.urban.com.au/images/2017/02/10/Screen%20Shot%202017-02-10%20at%209.28.32%20AM.png" alt="">
 <img src="https://www.urban.com.au/images/2017/02/10/Screen%20Shot%202017-02-10%20at%209.34.26%20AM.png" alt="" style="font-size: 12.16px;">
 A four bedroom townhouse in Doncaster East, <a href="https://www.realestate.com.au/property-townhouse-vic-doncaster+east-124553714" target="_blank">3/27 Paula Crescent</a>, (above) is on the market with expectations of between $1.05m - $1.15m.
For more information, <a href="https://secretagent.com.au/" target="_blank">click here</a>.
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The ideal density of a townhouse: Secret Agent

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If you’re lucky enough to own a homesite close to Perth’s inner city, chances are you could be looking at developing on narrow lots.
<a href="https://www.summitprojects.com.au/developments-perth/townhouse/" target="_blank" title="Narrow Lot Townhouses" data-id="1148">Narrow lot subdivisions</a> are becoming increasingly popular as they enable multiple residences on a homesite. Narrow lots can have widths as low as 8-9m, maximising space while giving each home its own street frontage.
As a result, more and more narrow lot builders (Perth-based) are coming onto the market, each with their own <a href="https://www.summitprojects.com.au/developments-perth/townhouse/" target="_blank" title="Narrow Lot Townhouses" data-id="1148">catalogue of designs</a>. Yet how do you spot a really smart narrow lot design that intuitively maximises space and style, boosting your return on investment? This checklist can help.
Narrow doesn’t need to be narrow.
A narrow lot home design should defy its narrow footprint, not confirm it. A poor narrow lot home design can result in potential buyers or tenants feeling like they are walking into a tunnel. Incorporating voids above the entrance, extra high ceilings and clever lighting can be used to create a welcoming sense of space and openness.
Light = space. 
Narrow lot homes are often two-storey and positioned very closely together which can result in dark, unappealing living spaces within each home due to lack of light penetration. Quite simply, natural light instantly makes a space feel roomier and more inviting, so make sure your narrow lot builders integrate efficient solar passive principles for this very reason.
Open up your options
Open plan living continues to be popular in narrow lot home designs as it stops the home feeling ‘boxy’ and gives flexibility in regards to furnishings and layout, broadening the market appeal of the home. A smart open plan design should integrate the kitchen, dining, living and alfresco into one voluminous area.
Get in the zone
While maximising living space is essential, where that living space is positioned throughout the home is equally as important. Clever zoning and room layout will ensure that the narrow lot home is a pleasure to live in. A great idea to help create a more functional narrow lot home is to incorporate private retreats for parents and children and a distinct entertaining area.
All season alfresco
It’s often worthwhile paying a little extra to create an alfresco that is sheltered and comfortable enough to allow year-round entertaining. A well designed, quality alfresco looks fantastic and lets residents enjoy all available living space virtually every day of the year.
More in store
Ample storage space is important in any home, yet achieving it requires some clever thinking in a narrow lot home design. Ask your narrow lot builders how they maximise storage space. For example, do they utilise the area under the stairs?
Stepping out upstairs
It sounds simple, but a well-sized balcony looks great, captures any views and adds to the space and appeal of your investment property. If a balcony fits into your budget, it is well worth considering.
Nooks and crannies
Those little nooks throughout a narrow lot home design should be put to good use. For example, a well-positioned study nook can replace the need for a dedicated study room, adding to the number of bedrooms in the home and hence optimising your <a href="https://www.summitprojects.com.au/finance/" target="_blank" title="Finance" data-id="1084">return on investment</a>.
No two narrow lots are created equal so crafting an intelligent and attractive narrow lot home design is a specialist skill.
If you’re ready to <a href="https://www.summitprojects.com.au/developments-perth/" target="_blank" title="Develop your land" data-id="1076">subdivide and build</a> on your narrow lot, speak to Summit Projects. Not only will they project manage the entire subdivision process for you, they have a leading range of narrow lot home designs (including two storey narrow lot homes) that are sure to optimise your final profit margin.
<a href="https://www.summitprojects.com.au/contact-us/" target="_blank" title="Contact us" data-id="1079">Contact the narrow block developers</a> (Perth) at Summit Projects today.
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Eight clever yet essential design traits for narrow lot developments: Summit Projects

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Demand for 1970's one bedders is original condition within Ballarat's inner ring is going well, according to Herron Todd White, who see affordability and rental demand for this style of apartment attracting sales of around $150,000 at a rental yield of 5%.
The three bedroom townhouse market, according to Herron Todd White's September Month in Review, has seen significant increases in the last five years with supply met by investors.
"This has seen the capital values for the properties hold steady and developers and agents are now reporting this demand is showing some signs of slowing. As such the next 12 months will reveal if an over supply issue is a possibility," the report noted.
"Off the plan purchases for villas and units have been steady in recent months with three developments of 10 to 20 townhouses each in progress within Brown Hill, Ballarat East and Sebastopol. The villa market has shown approximately a 5% to 10% increase in value over the past five years in the sub prime locations.
"This increase has largely been driven by investors looking for positively geared properties with tax depreciation benefits. Given the increase in supply prices should begin to stabilise. "
 
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