Construction is now underway at <a href="https://www.apartments.com.au/new-townhouses/cumulus-grand-villas-carrara-17-baltimore-court-carrara-qld-4211">Cumulus Grand Villas</a> in Carrara, with all stages fully funded as <a href="https://www.apartments.com.au/developers/venturecrowd-property-projects">VentureCrowd</a> progresses its 59-residence gated community on an elevated ridgeline overlooking 100 hectares of natural savanna.

The commencement marks a key milestone for the Gold Coast project, designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a> and being delivered by <a href="https://www.apartments.com.au/builders/devcon">Devcon Property Group</a>, at a time when buyers are placing greater emphasis on delivery certainty and builder track record.

With Devcon active in South East Queensland since 1993 and having delivered more than 1,000 homes, the team is positioning Cumulus as a fully financed, under-construction offering in a market where risk mitigation has become a central consideration for off-the-plan purchasers.

[smartcode_project:default project_id=135663 project_image_fid=360496]

Located at 17 Baltimore Court, Cumulus Grand Villas comprises 59 three- and four-bedroom villas across four collections, Skyline, Canopy, Savanna and Broadview. Pricing starts from $1,455,000, with completion of the first stage targeted for Q4 2026.

Across the four collections, each design represents an expansive and thoughtfully considered offering. The Broadview provides additional flexibility within its floorplan, incorporating a multipurpose room or optional additional bedroom, and is priced from $1,895,000.&nbsp;

Configured across two levels, the four-bedroom villas feature two master bedrooms with private ensuites, as well as a multipurpose room (MPR), supporting intergenerational living, guest accommodation, or the creation of a dedicated retreat space.&nbsp;

[smartcode_project:default project_id=135663 project_image_fid=360497]

The main living areas are positioned on the ground floor, while the bedrooms are located upstairs, a configuration that promotes both family separation and connected living. All villas include a second master suite on the ground floor, reinforcing the project’s focus on flexibility and long-term adaptability.

That adaptability was central to BDA Architecture’s design approach. The team sought to create a sophisticated, low-maintenance product that makes the most of the site’s elevation and outlook while responding to evolving household needs. Expansive glazing, open-plan interiors and private outdoor areas draw in natural light and frame views towards the savanna, hinterland and Broadbeach skyline.

[smartcode_project:default project_id=135663 project_image_fid=360470]

VentureCrowd Director of Property David Whitting said the project responds to a growing group of buyers reassessing what premium living on the Gold Coast looks like.

Flexible floorplans have proven particularly relevant for purchasers aged between 40 and 65, including next home buyers, downsizers and investors. The inclusion of dual master suites in the Broadview design, along with options for a downstairs MPR or guest bedroom, allows homes to adapt as family dynamics shift, whether accommodating older parents, adult children, or extended stays.

Across the community, villas are specified with European appliances and premium fixtures and fittings, alongside double garages and landscaped private areas. The gated enclave includes number plate recognition entry, reinforcing a focus on security and exclusivity.

[smartcode_project:default project_id=135663 project_image_fid=360474]

Lifestyle amenity is anchored by the Infinity Terrace, an elevated communal space incorporating a 20m heated pool, alfresco zones and barbecue facilities, designed as a shared retreat within the neighbourhood. A two-acre private nature reserve with walking trails and rehabilitated bushland further integrates the development with its savanna-edge setting, reflecting a broader masterplan initiative to restore native vegetation and habitat corridors.

<a href="https://www.apartments.com.au/developments/carrara-qld-4211">Carrara</a>’s positioning continues to attract attention from prestige buyers seeking proximity to the coast without beachfront pricing. The suburb offers access to major retail centres including Pacific Fair and Robina Town Centre, is around 15 minutes from Broadbeach, and benefits from connectivity via the M1 to Brisbane and the Gold Coast Airport.

[smartcode_project_cta:default project_id=135663]

Joel Robinson

VentureCrowd’s Cumulus Grand Villas in Carrara advances with construction underway

Joint venture partners <a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and <a href="https://www.apartments.com.au/developers/perifa">PERIFA</a> are officially launching the third and final residential stage at their landmark $350 million harbourfront precinct, Putney Wharf, with The Residences representing the final opportunity to secure a new home within this rare waterfront destination.

Strong demand has already been established across the earlier stages of <a href="https://www.apartments.com.au/new-apartments/putney-wharf-residences-20-waterview-street-putney-nsw-2112">Putney Wharf</a>, with more than 50 per cent sold ahead of this final release. The Residences will introduce a selection of the precinct’s most premium apartments, many of which were deliberately reserved for this concluding stage.

Located at 20 Waterview Street, <a href="https://www.apartments.com.au/developments/putney-nsw-2112">Putney</a> NSW, the completed precinct will comprise 67 residences, including 18 terraces and 49 apartments, alongside five retail tenancies and a 36-berth marina.

[smartcode_project:default project_id=13962 project_image_fid=1338]

Developed alongside partners Phoenix Property Investors and Mitsubishi Estate Asia, Putney Wharf occupies a prized 300-metre stretch of absolute waterfront and incorporates the historic former Halvorsen’s Boatshed. The precinct connects directly to surrounding parklands via a landscaped foreshore walkway and a large, landscaped podium linking both sides of the development to the adjoining foreshore parklands.

The Residences comprise two newly built, three-storey apartment buildings delivering a boutique collection of 30 generously proportioned waterfront apartments. Designed to capture harbour outlooks, natural light and cooling breezes, The Residences balance architectural refinement with relaxed, low-maintenance living.

Architecturally designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the apartments continue the cohesive design language seen across the broader precinct. A refined palette of light and dark materials, softer-toned stone and neutral, earthy finishes reflect the surrounding landscape and harbour setting. Interiors feature painted timber veneers, tactile joinery, timber flooring to living spaces and 100 per cent natural wool carpets in bedrooms, creating warm and sophisticated homes.

[smartcode_project:default project_id=13962 project_image_fid=362525]

Justin Brown, Executive Chairman and Founder of Abadeen, said the release of the final residential stage marks an important milestone for the project.

“Putney Wharf brings together everything we’ve learned over more than 25 years of development,” Mr Brown said. “It respects the site’s extraordinary maritime history while delivering contemporary homes that connect people directly to the harbour.

The Residences offer the rare combination of low-maintenance apartment living, waterfront outlooks with beautiful sunset views, and the convenience of retail and amenity at your doorstep. For boating enthusiasts, the opportunity to secure a private marina berth completes a truly unique Sydney harbourfront lifestyle.”

[smartcode_project:default project_id=13962 project_image_fid=291197]

PERIFA Managing Director and Co-Founder Fabrizio Perilli added that the diversity of housing across the precinct has been central to the project’s success.

“Whether it’s the heritage Halvorsen’s apartments, the Waterview Terraces or now The Residences, Putney Wharf offers a range of homes that respond to different lifestyles, all united by an unrivalled harbourfront setting,” Perilli said. “This is a precinct that will add lasting value to the Putney community.”

Managing project marketing and sales, <a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Partner Tim Rees said the final release has already attracted strong demand reflecting the project’s unique harbourfront position and the success of earlier stages.

“Following the strong response to both the Halvorsen’s Boatshed residences and the Waterview Terraces, The Residences represent the final chance to secure a new home within this tightly held waterfront precinct,” Rees said. “Buyers are drawn to the rare combination of absolute harbour frontage, parkside living and genuine architectural quality.”

[smartcode_project:default project_id=13962 project_image_fid=362240]

Putney Wharf is a one-of-a-kind mixed-use destination, delivering an exclusive residential offering alongside waterfront dining, retail and a 36-berth marina designed to the latest Australian Standards, accommodating vessels up to 18 metres and helping address Sydney Harbour’s ongoing marina shortage.

The precinct will include five retail tenancies and a prominent waterfront jetty area fronting the retail village, creating an activated harbourfront destination for residents and visitors alike.

Residents will enjoy direct access to lush harbourfront parklands, a public foreshore walkway and landscaped podium gardens connecting the development to the surrounding waterfront reserve. Construction across the Putney Wharf precinct is expected to be completed by Q2 2027.

Sales of The Residences officially launch this weekend, with the display suite open Saturday and Sunday from 10am to 12pm at Putney Wharf. Visitors are invited to enjoy a complimentary coffee while touring The Residences and experiencing the Putney Wharf lifestyle firsthand.

[smartcode_project_cta:default project_id=13962]

Final Harbourfront release in Putney Wharf launches this weekend

<a href="https://www.apartments.com.au/developers/draycon">Draycon Building</a> is nearing completion of Boutique Chevron Island, a 42-apartment development on the northern end of Chevron Island at 17–19 Parneno Street, with a limited-time offer of fully furnished apartments available.

Now more than 90 per cent complete, <a href="https://www.apartments.com.au/buildings/boutique-chevron-island-17-19-parneno-chevron-island-qld-4217">Boutique</a> has been shaped by one of the Gold Coast’s most tightly held island addresses, where riverfront outlooks and walkable access to Surfers Paradise converge.

For Draycon Building Managing Director Howard Dabit, the appeal of the site was immediate.

“I knew it was a good site as soon as I saw it,” Dabit said.

“The position and location on the north end of <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>, the way the river swirls around the site basically from the north to the east, it feels like the site is surrounded by the water. The height that we’ve got and the aspect looking north is beautiful. Eighty per cent of the apartments are looking north so they get that drenching sunlight coming in.”

[smartcode_project:default project_id=89709 project_image_fid=360922]

That northern orientation places the development within a stretch of Chevron Island defined by open river aspects and skyline views, while remaining embedded in the suburb’s established village setting.

Chevron Island has increasingly drawn owner-occupiers seeking centrality without the intensity of high-rise beachfront living. Positioned at the geographical centre of the Gold Coast, the island offers direct access to both the beach and key cultural infrastructure while retaining a neighbourhood-scale character.

Connected by bridge to Surfers Paradise, Chevron Island offers walkable access to beaches, riverfront parklands and a revitalised foreshore boulevard animated by walkers and cyclists throughout the day. The Pacific Ocean is only minutes away, reinforcing the suburb’s dual river-and-surf identity.

At the same time, Thomas Drive forms the spine of the island’s village life, delivering cafés, wine bars, casual dining and everyday services within easy reach. Independent grocers, wellness operators and neighbourhood retailers contribute to a community atmosphere that remains distinct from the vertical scale of the beachfront.

[smartcode_project:default project_id=89709 project_image_fid=360915]

In the opposite direction, the Green Bridge links directly to HOTA – Home of the Arts – placing galleries, performance venues and parklands within walking distance. Weekly markets and major exhibitions draw visitors from across the region, while residents return to a quieter residential pocket at day’s end.

Public transport, including nearby bus routes and the G:link light rail corridor along the coastal spine, strengthens connectivity north and south. Griffith University, the Gold Coast University Hospital precinct and established private schools such as The Southport School are all within a short drive.

Ongoing investment across Surfers Paradise, HOTA and the broader Southport corridor has elevated amenity while preserving Chevron Island’s comparatively low-rise residential character. It is this balance, walkable village atmosphere paired with metropolitan-scale infrastructure, that continues to differentiate the suburb from higher-density beachfront precincts.

Boutique comprises just 42 residences, designed to maximise river and skyline outlooks within this tightly held island setting.

Boutique Chevron Island is slated for completion in April 2026, with prices starting from $1,220,000.

[smartcode_project_cta:default project_id=89709]

Draycon Building’s Boutique Chevron Island places 42 residences at the heart of the Gold Coast

Sydney developer <a href="https://www.apartments.com.au/developers/deicorp">Deicorp</a> has secured planning approval for a $300 million residential development in Lindfield, marking the company’s second project on Sydney’s North Shore and its first on the Upper North Shore.

Located on Beaconsfield Parade and designed by DKO Architecture, the state significant development comprises three buildings of up to 10 storeys and will include 399 residences, including 59 affordable homes and 40 adaptable homes.

Residences will range in size from one, two and three bedrooms, with two-bedroom apartments accounting for over 60 per cent of the product make-up. Residents will have access to a broad suite of amenities, including a wellness area, indoor and outdoor recreational spaces, a pool, a gym, a community room and a golf simulator.

In line with Deicorp’s long-standing focus on creating transit-oriented communities, the project is located just 260 metres from the Lindfield Train Station, reinforcing its role in delivering well-connected housing close to established infrastructure, retail and local services.

The inclusion of affordable and adaptable housing supports greater diversity within the local market, while the mix of apartment types responds to demand from downsizers, young professionals and families seeking access to the Upper North Shore.

Deicorp Founder Fouad Deiri OAM said the approval represents an important milestone for both the company and the suburb

“This approval allows us to deliver well-designed homes in a location that is already supported by strong transport and community infrastructure," Deiri said.

"Our focus is on creating places that integrate into their surroundings and provide long-term value for residents, and the broader Lindfield community. Being within walking distance of the station ensures this project supports sustainable growth in the right locations."

Across its portfolio, Deicorp currently has 4,703 apartments under construction, playing a leading role in shaping connected, liveable communities across Sydney.

Its expanding portfolio of Metro-linked developments includes Tallawong Village, <a href="https://www.apartments.com.au/new-apartments/kings-bay-village-five-dock-53-75-queens-road-five-dock-nsw-2046">Kings Bay Village</a> in Five Dock, <a href="https://www.apartments.com.au/new-apartments/hyde-metropolitan-sydney-133-141-liverpool-street-sydney-nsw-2000">Hyde Metropolitan</a> in Sydney CBD, <a href="https://www.apartments.com.au/new-apartments/falcon-alexander-crows-nest-8-alexander-street-crows-nest-nsw-2065">Falcon &amp; Alexander</a> in Crows Nest and Showground Village, Castle Hill.

Deicorp purchased the Beaconsfield Paradise site last year. Construction is scheduled to commence in Q2 of 2026 and will be completed in 2029.

Deicorp expands portfolio to nearly 5,000 apartments with Lindfield project

In a joint venture with The Trump Organization, Australia developer Altus Property Group has announced plans to bring a Trump International Hotel &amp; Tower to the Gold Coast, marking the first Trump-branded project in Australia.

"Trump International Hotel &amp; Tower, Gold Coast is our first official project in Australia and reflects our unwavering commitment to delivering world-class luxury experiences in iconic locations around the world," Eric Trump, Executive Vice President of The Trump Organization, said.

"This development exemplifies the Trump brand’s dedication to quality, sophistication, and unmatched service, and we are thrilled to bring this vision to the vibrant Gold Coast community."

The 91-storey building, which will become the tallest in Australia at 335 metres, will feature a&nbsp;285-room luxury hotel bearing the trademark Trump logo. It will also include 272 luxury residential apartments, a three-level podium with an exclusive Beach Club, and over 3,400 sqm of premium commercial, retail, and dining space, revitalizing the central Surfers Paradise precinct.

“Trump International Hotel &amp; Tower, Gold Coast will be a truly unique offering in the Australian market, bringing the prestige and allure of a world-class luxury brand,"&nbsp;Altus founder and chief executive David Young said.

"Altus Property Group is proud of its track record in delivering landmark developments across Australia, and our expertise ensures this project will be an outstanding success."

Trump Hotel heads for the Gold Coast to become Australia's tallest building

trends

<html><body>
Embarking on a new decade welcomes <a href="/expert-insights/buying/reimagining-the-norm-of-apartment-design">the next era of design trends</a>, building innovation and technology. Architects, urban planners, builders and developers will collectively relook at how our built environment responds to social, cultural and environmental shifts — as well as buyer demand. 

Based off industry dialogue and the exploration of new technology in 2019, we’ve compiled a list of building design predictions we’re expecting to see become more prevalent over the next few years.

1. Buyers are becoming more aware of what their home is built of and are driving a market shift for quality over quantity

<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/5environmentaldesigns.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="327" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/5environmentaldesigns.jpg?itok=6FTt-4uf" width="580"></a></figure>Urban has noticed a shift in buyer demand for a more <a href="/news/5-of-melbourne-s-environmentally-conscious-new-development-highlights">sustainable approach to building design and construction</a>. Buyers are keen to play a more active role in ensuring their home is built to a high standard, using quality, safe and eco-conscious building materials. As home seekers move towards a more environmentally friendly lifestyle (including everything from food choices to beauty products), the conversation around harmful toxins and pollutants extends to the construction of their home too. With this sentiment in mind developers are actively marketing the health benefits of their properties, from “low VOC and formaldehyde-free” building materials to above minimum standard insulation for excellent thermal performance. These building choices both boost resident health and wellbeing, as well as lift the value of the home, <a href="/news/kelvin-rachel-taing-of-excelon-projects-discuss-buyer-demand-for-sustainable-developments">providing developers with a strong incentive</a> to uplift the quality of their developments in 2020. 

2. Solar technology is being developed for more seamlessly integrated uses

<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/the-general-in-northcote-melbourne-c111218-p12_0.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="870" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/the-general-in-northcote-melbourne-c111218-p12_0.jpg?itok=XVFNNruR" width="580"></a></figure>What was once an arbitrary placement of photovoltaic panels on residential roofing – solar technology has been developed to deliver more seamless integration within our built environment. Northcote’s The General impressed us with cutting edge <a href="/news/spotlight-on-sustainable-the-general-melbourne">photovoltaic balustrades</a>, giving the glass a dual purpose, and more aesthetic consideration. In 2020, we’re likely to see greater use of the exciting new paper-thin solar technology used within developments. Scientists have been making thin films out of <a href="http://www.buffalo.edu/ubnow/stories/2020/01/zeng-thin-films%C2%A0">barium zirconium </a><a href="http://www.buffalo.edu/ubnow/stories/2020/01/zeng-thin-films%C2%A0">sulfide</a><a href="http://www.buffalo.edu/ubnow/stories/2020/01/zeng-thin-films%C2%A0"> (BaZrS3)</a>, a material which has exceptional electronic and optical properties. With the ability to absorb light effectively and its light-weight quality, makes the material an ideal option for photovoltaic conduction.

<blockquote>
“For many decades, there have been only a handful of semiconductor materials that have been used, with silicon being the dominant material... Our thin films open the door to a new direction in semiconductor research. There’s a chance to explore the potential of a whole new class of materials.”
</blockquote>

Hao Zeng, Lead researcher, Professor of Physics, College of Arts and Sciences

3. Communal offerings within apartments are becoming more creative and future-focused

<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/screen_shot_2019-11-13_at_3.14.20_pm_0.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="190" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-11-13_at_3.14.20_pm_0.png?itok=llI9krHe" width="580"></a></figure>Apartment-living has seen an increased buyer interest across the board from a varied range of property seekers, from first home buyer and investors to families and downsizers. The demand for apartment living has pushed developers to think of creative ways to accommodate the varying requirements of buyers from each demographic. In recent years, apartment amenities have extended beyond a pool, gym and communal rooftop, to state-of-the-art wellness facilities, on-site cinemas, golf simulation rooms and fully integrated master-planned precincts. A trend we’ve noticed which is likely to continue this year is the emphasis on grass-roots facility offerings - mimicking that of a detached dwelling. This includes communal vegetable patches, living areas, tools sheds, maker spaces, and composting/recycling facilities.

4. Climate change will see a greater emphasis placed on the circular economy and supply chain of building materials and furniture

<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/123.jpg" rel="gallery-all" title="Photo credit: Nicholas Failla"><img alt="" class="image-article-full-width-580px" height="327" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/123.jpg?itok=CtEkZsZl" title="Photo credit: Nicholas Failla" width="580"></a>

<figcaption>Photo credit: Nicholas Failla</figcaption></figure>Having a green approach to business operation is becoming increasingly important to Australian companies’ strategies – and this approach encompasses the entire lifecycle of a product. Transparency within the supply chain means that the end-user (developer, builder, apartment owner) knows exactly where the materials have been sourced, who manufactured them and how it was transported to the final destination. Current conversation suggests that in the next few years, digital passports will be assigned to products so that buyers can confirm that the materials have been sourced ethically and environmentally consciously – as well as providing more accountability in the manufacturing line. 

<blockquote>
"Customers want clarity. It is expected that traceability will continue to become more prevalent and could reach the point where customers will be able to scan a product’s barcode at the point of sale and access data about its entire journey through the supply chain."
</blockquote>

Sean Galea-Pace, <a href="https://www.supplychaindigital.com/supply-chain-management/three-key-ways-tackle-supply-chain-2020%C2%A0">Supply Chain Digital</a>

Extending further than the supply chain is the circular economy, which looks at the recyclability of the product upon its end of use. This can mean opting for more natural, biodegradable products, or materials that can be repurposed after a building has been demolished.

<blockquote>
“We’re transforming the way we think about waste and resource recovery – developing a circular economy will deliver better environmental, social and economic results for Victoria.”
</blockquote>

Minister for Energy, Environment and Climate Change Lily D’Ambrosio

Good Environmental Choice Australia CEO, Kate Harris, recently had a chat with Apartments.com.au about the importance of implementing the circular economy concept here in Australia as a means to mitigate construction waste. Harris suggested that some key drivers towards growth in recycling and upcycling in the construction environment could be incentivising, as well as a shift in dialogue about how upcycling can be beneficial rather than a hindrance to your project. 

<blockquote>
“It is reframing it as ‘resource recovery’. If we start to see it differently, we’ll use it differently.”
</blockquote>

Kate Harris, Good Environmental Choice Australia CEO (Listen to the podcast here)

5. Passivhaus design is becoming more popular among Australian homeowners

<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/thefern1-1.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="327" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/thefern1-1.jpg?itok=RGDv7mgv" width="580"></a></figure>The year 2019 saw the launch of Australia’s first Passivhaus apartment building, <a href="/news/no-dust-no-noise-no-bills-australias-first-passivhaus-apartments-are-almost-here">The Fern</a>, delivered by Steele Associates. Passivhaus design has proven to be a viable option for all parties – from its attractive financial savings for buyers (they can expect practically zero utility bills), to its environmentally-conscious energy-saving techniques and <a href="/news/oliver-steele-of-steele-associates-discusses-australian-building-codes-apartment-design">health benefits</a> (including exceptional ventilation, insulation and thermal bridging).

<blockquote>
“Passivhaus takes sustainable development to the next level, using proven building physics to create healthy living spaces that stay cool in summer and warm in winter with ultra-low energy use.”
</blockquote>

Oliver Steele, Steele Associates Director

With benefits that attract buyer demand and support developer’s commitments to environmental sustainability, it is likely we could see a rise in Passivhaus designed apartments in the pipeline for 2020.

6. Biophilic design is just as integral in commercial development as it is in residential

<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/68clarkestsouthmelbourne_exterior_0.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="682" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/68clarkestsouthmelbourne_exterior_0.jpg?itok=BytWRjsS" width="580"></a></figure>Similar to Passivhaus design, Biophilic design is the human-centric approach to building design, by creating spaces which support the health and wellbeing of its residents. This can include promoting natural light and airflow, integrating urban greening through blurred indoor-outdoor distinction, adaptable floor-plans, and more. Last year, <a href="/news/elenberg-frasers-vicki-karavasil-discusses-market-lanes-biophilic-design-approach">Elenberg Fraser designed</a> an exciting new ‘non-office, office’ called Market Lane.

<blockquote>
“In Market Lane, biophilic design has been applied in ways where there is a direct relationship to nature in space. Landscape is the obvious one, however here we go far beyond a few scattered pots, this is seriously dense planting, undulating in height and form to create usable spaces of varying levels of intimacy.”
</blockquote>

Vicki Karavasil, Elenberg Fraser

In addition to landscaping, Market Lane features a central void which allows air to circulate freely, tracked air quality and lighting sensitive to the circadian rhythm. 

<blockquote>
“What needs to be understood, is that some of these strategies may cost more upfront, however in the long-run if they have huge benefits which can retain the major tenants who value wellness high in their company identity, and can in effect have economic benefits through the ability to adapt and control of building services based on occupant needs and patterns.”
</blockquote>

Vicki Karavasil, Elenberg Fraser

7. Retrofitting and repurposing of older buildings remains a viable option 

<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/old-new_1.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="327" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/old-new_1.jpg?itok=w-4CMFWA" width="580"></a></figure>Australia’s cities are enriched with a unique tapestry of architecture and history, so where buildings can be preserved, it is often a desirable option to do so. With a future focus on climate change and environmental sustainability, the 'take, make and dispose' ideology is a concept that needs to change immediately if we want to see our planet regenerate any time soon.

By <a href="/news/upcycling-australia-why-demolish-when-you-can-re-polish">upcycling building materials</a> such as bricks, or historic facades, we can extend a material’s lifecycle, as well as reducing carbon emissions that would be used in the production of the brand new equivalent material. 

While entire building retrofits are costly and challenging, salvaging perfectly sound materials and preserving the unique quality of Australia’s historic architecture remains popular among architects, due to the unique quality of the finished result, and the ability to eliminate significant wastage.

<blockquote>
“Upcycling adds value by transforming or reinventing an otherwise-disposable item into something of higher quality.”
</blockquote>

William McDonough, Founding Principal of William McDonough + Partners

8. Carparking and car-use is likely to be reconsidered within both residential development and urban design

<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/park2.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="327" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/park2.jpg?itok=h5BCykQK" width="580"></a></figure>With the rising popularity of car-sharing, taxi service apps and public transport upgrades, car use in Australia is changing drastically. This is encouraging designers and urban planners to <a href="/news/university-of-western-australia-students-discuss-disrupting-the-car-parking-status-quo-in-perth">relook at how car parking is integrated within our cities</a> and apartment buildings. <a href="/developers/nightingale-housing">Nightingale Housing</a> made a bold decision to avoid creating car parking spaces, and instead provide residents with a carsharing membership, which was approved by Moreland City Council as an appropriate solution. In the City of Melbourne, despite having more than 215,000 parking spaces available, approximately one-third are <a href="https://profile.id.com.au/perth/car-ownership">not used every day</a>. 

Over the course of 2020, we are expecting to see further developments in the introduction of electric car charging facilities, integration of car-sharing and <a href="/news/high-yield-produce-gardens-with-next-to-no-maintenance-are-set-to-transform-australias-apartment-gardens">innovative repurposing of disused parking spaces</a>. 
</body></html>

Olivia Round

Urban’s 8 building design predictions for 2020

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The latest REIV Days on Market (DOM) figures show Metro Melbourne home vendors had their properties on the market for a median period of 34 days before a private treaty sale in August.
That’s the lowest DOM figure in more than a year.
It is well down from a high of 50 days in February which includes the holiday break.
In Inner Melbourne in August, homes spent a median period of 41 days on the market, down from an annual peak of 52 in May.
Middle Melbourne home vendors waited a median period of 38 days before a sale in August, well below a peak of 63 days in February, while Outer Melbourne vendors waited only 35 days for a sale, compared to a high of 50 recorded in February.
REIV Chief Executive Officer Gil King said the figures demonstrated again that demand for Melbourne property was outstripping supply.
"We have now had 12 consecutive weeks of auction clearance rates of more than 70%, with the past five weeks above 75%," he said.
“These clearance rates are well above what we saw in the corresponding three months last year, but volumes of available houses are well down.”
"Anecdotally there is perhaps some reticence from vendors following the correction."
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j.ballantyne1990-6AQqhLzZaK

Melbourne time on market down to 34 days as 2019 spring listings season begins

With populations within cities&nbsp;expected to grow by an average of 50 million people per year, and today&rsquo;s greenhouse gas levels at the highest rate in 3 million years, it&rsquo;s important to focus on mitigating the effects of climate change before it&rsquo;s too late.

<blockquote>
&ldquo;Solving climate change has gone from not in our scope to being a requirement in less than 30 years.&rdquo;

-&nbsp;Shawn Fisher Hesse, International Living Future Institute Associate Director, via <a href="https://www.greenbiz.com/article/what-it-would-take-end-trickle-down-equity-buildings-and-beyond">GreenBiz</a>
</blockquote>

Building with a sustainable focus is growing in popularity as both developers and consumers are beginning to see impressive results from investing in energy-efficient building technology <a href="https://www.weforum.org/agenda/2019/04/we-have-the-tools-to-beat-climate-change-now-we-need-the-right-laws/">which can reduce a building&rsquo;s consumption by 30-40%</a>.

The focus on building development sustainability has led to the creation of new jobs; new policies; changes in design, engineering and construction processes; as well as new metrics and rating systems with an environmentally-centric approach.

[smartcode_project:default project_id=94819]

Australian architects and environmental engineers are becoming world leaders in building sustainability by pioneering new design trends and technology to achieve eco-conscious credentials. These projects are also garnering well-deserved attention from prospective buyers who consider a building with a low carbon footprint an essential factor when choosing a property.

Here are&nbsp;6 leading sustainable architectural design trends in Australia:

<h3>#1 SOLAR BALUSTRADES</h3>

Case study: The General, Melbourne

<figure><a href="/buildings/the-general-421-high-street-northcote" target="_blank"><img alt="" class="image-article_full_width_580px" height="870" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/the_general_bipv.jpg?itok=6vBFFeVL" title="the general's solar balustrades" width="580" /></a>

<figcaption>The General&#39;s solar balustrades</figcaption>
</figure>

<a href="/new-apartments/northcote-vic-3070">Northcote&rsquo;</a>s &lsquo;<a href="/buildings/the-general-421-high-street-northcote">The General</a>&rsquo; is the first building in Australia to utilise Onyx Solar photovoltaic glass on its exterior to generate sustainable solar energy. Occupying the corner section of High and Bent Streets, the glass balustrades (supplied by Environmental Technology Solutions) have been ideally positioned to make the most of excellent natural light but also provide an important layer of thermal protection year-round. Onyx solar balustrades are one of the key contributing elements which won &lsquo;the general&rsquo; it&rsquo;s impressive 7.5-star NatHERS energy rating.

Solar panel use globally:

-&nbsp;Noor (which is an Arabic word meaning &ldquo;light&rdquo;) is the largest solar farm in the world currently.&nbsp;By 2020,&nbsp;the $9 billion solar power plant is expected to generate 580 megawatts, which is enough electricity to power over a million homes.

<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/psyaa2jh4pzbajhkxuagz7dvxcvsrdltqknf7j-1dd8.jpg" rel="gallery-all"><img alt="Noor solar farm, Morocco. Credit: REUTERS/Youssef Boudlal" class="image-article-full-width-580px" height="386" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/psyaa2jh4pzbajhkxuagz7dvxcvsrdltqknf7j-1dd8.jpg?itok=mDFoj2Mv" title="Noor solar farm, Morocco. Credit: REUTERS/Youssef Boudlal" width="580" /></a>

<figcaption>Noor solar farm, Morocco. Credit: REUTERS/Youssef Boudlal</figcaption>
</figure>

<blockquote>
&ldquo;Morocco is showing real leadership and bringing the cost of the technology down in the process.&rdquo;

-&nbsp;Mafalda Duarte, the manager of Climate Investment Funds (CIF) via <a href="https://www.weforum.org/agenda/2018/05/morocco-is-building-a-solar-farm-as-big-as-paris-in-the-sahara-desert/">World Economic Forum</a>
</blockquote>

<h3>#2 ROOFTOP URBAN FARMS</h3>

Case study: Burwood Brickworks, Melbourne

<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/acre1_0.jpg" rel="gallery-all"><img alt="Urban rooftop garden. Credit: Burwood Brickworks" class="image-article-full-width-580px" height="325" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/acre1_0.jpg?itok=sFXaKImh" title="Urban rooftop garden. Credit: Burwood Brickworks" width="580" /></a>

<figcaption>Urban rooftop garden. Credit: Burwood Brickworks</figcaption>
</figure>

As part of <a href="/developers/frasers-property">Fraser Property&rsquo;</a>s wider project &lsquo;<a href="/expert-insights/burwood-brickworks-set-to-become-the-world-s-most-sustainable-retail-development">Burwood Brickworks</a>&rsquo;, an urban farm situated atop the entire building will provide all the produce for the complex caf&eacute;. The farm will also feature systems including closed-loop technology for recycling wastewater, mulch excess organic material for compost, eliminate produce transportation by growing on site, feature rooftop solar panels as well as offsite renewable energy sources, avoid the use of worst-in-class chemicals to reduce air pollution and boast a 6 Star Green Star Community rating (this has already been obtained).

Rooftop urban farms globally:

- Brooklyn Grange, NYC

- Lufa Farms, Canada

- HK Farm, Hong Kong

- City Farm, Japan

<blockquote>
&ldquo;We built the world&rsquo;s first commercial rooftop greenhouse on an industrial building in Montreal, Quebec, to prove that high-yield, year-round farming is a smarter, more sustainable, and commercially viable way to feed cities. Since then, we&rsquo;ve built new and bigger and better rooftop greenhouses, to grow more and more vegetables.&rdquo;

- Lufa Farms
</blockquote>

Another stand-out example of the positive effects of rooftop gardens is the American Society of Landscape Architects (ASLA) headquarters.&nbsp;

<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/screen_shot_2019-04-08_at_10.19.03_am.png" rel="gallery-all"><img alt="Overhead and Cross-Section Schematics. Credit: Michael Van Valkenburgh Associates, Inc. " class="image-article-full-width-580px" height="452" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-04-08_at_10.19.03_am.png?itok=YkhP9YKr" title="Overhead and Cross-Section Schematics. Credit: Michael Van Valkenburgh Associates, Inc. " width="580" /></a>

<figcaption>Overhead and Cross-Section Schematics. Credit: Michael Van Valkenburgh Associates, Inc.</figcaption>
</figure>

Multiple awnings across the site have been planted with lush greenery, and during a 10-month monitoring period, studies undertaken by ASLA found that the green roof <a href="https://www.asla.org/ContentDetail.aspx?id=28758">prevented over 100,000 litres of stormwater (which is approximately 78%&nbsp;of all precipitation hitting the roof)&nbsp;from flowing into D.C.&rsquo;s overburdened sewer and stormwater system</a>. The study also discovered that run-off water contained fewer pollutants, there was a 10% decrease in building energy use over the winter, and even on the hottest summer days, the roof was around&nbsp;15&deg;C cooler than conventional roofing on neighbouring buildings.

<h3>#3 TRI GENERATION PLANT</h3>

Case study: One Central Park, Sydney

<figure><a href="/buildings/central-park-wonderland-81-oconnor-street-chippendale" target="_blank"><img alt="" class="image-article_full_width_580px" height="370" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-04-08_at_1.06.49_pm.png?itok=qf93_E0V" title="One Central Park. Credit: Frasers Property and Sekisui House" width="580" /></a>

<figcaption>One Central Park. Credit: Frasers Property and Sekisui House</figcaption>
</figure>

<a href="https://www.centralparksydney.com/">One Central Park</a> raised the bar back in 2013 for green energy&nbsp;by housing its own tri-generation plant on site. The energy source will supply electricity, heating and cooling for 3,000 residences and 65,000 sqm of retail and commercial space via &lsquo;green transformers&rsquo; which are powered by natural gas. Environmental consultants and engineers have estimated a 190,000-tonne greenhouse gas emission reduction over the next 25 years which is the equivalent of removing 2,500 cars off the roads annually for 25 years.

<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/screen_shot_2019-04-05_at_2.10.28_pm.png" rel="gallery-all"><img class="image-article-full-width-580px" height="334" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-04-05_at_2.10.28_pm.png?itok=-o4aQLIq" width="580" /></a></figure>

Tri-generation plants globally:

<ul>
	<li>PricewaterhouseCoopers, London&nbsp;</li>
	<li>DAMM&nbsp;brewery, Barcelona</li>
</ul>

<h3>#4 BLACK WATER RECYCLING</h3>

Case study: 1 Bligh Street

<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/160805_blighstreet_aeriallandscape_touchup.jpg" rel="gallery-all"><img alt="1 Bligh Street. Credit: Cbus Property" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/160805_blighstreet_aeriallandscape_touchup.jpg?itok=tT5s7iFp" title="1 Bligh Street. Credit: Cbus Property" width="580" /></a>

<figcaption>1 Bligh Street. Credit: Cbus Property</figcaption>
</figure>

In 2013 Sydney&rsquo;s 1 Bligh Street apartment complex was the first CBD development to house an Aquacell blackwater recycling unit. Aquacell said that the system would be likely to save 1 Bligh Street residents 100,000 litres of drinking water per day. The process involves treating bathroom wastewater (and sometimes additional water from a nearby sewer) to be used for plant irrigation, toilet flushing and cooling towers.

<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/online_e001_40292.jpg" rel="gallery-all"><img class="image-article-full-width-580px" height="1003" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/online_e001_40292.jpg?itok=2g_Ic_mL" width="580" /></a></figure>

<blockquote>
&ldquo;Recycled water schemes like this will ease pressure on water, energy and land as our population increases &ndash; this legislation ensures ongoing management is robust and a level playing field is achieved. Only organisations that meet the highest standards can be issued a licence which streamlines the approval process for future schemes.&rdquo;

- Aquacell CEO Colin Fisher
</blockquote>

Blackwater recycling globally:

- Goreangab recycling plant,&nbsp;Namibia.&nbsp;

As one of the first plants of it&#39;s kind, the&nbsp;50-year-old treatment centre has welcomed visitors from developed countries who are facing water shortages to see where water reclamation started. Experts from Australia, Singapore and the US have taken inspiration from visiting the centre and now all three countries&nbsp;have their own sewage recycling plants.

<h3>#5 RECYCLABLE BUILDING MATERIALS</h3>

Case study: Central Institute of Technology&rsquo;s Green Skills Centre, Perth

<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/screen_shot_2019-04-08_at_10.30.34_am.png" rel="gallery-all"><img alt="Green Skills Hub render. Credit: Pyramid Constructions WA" class="image-article-full-width-580px" height="320" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-04-08_at_10.30.34_am.png?itok=IQVhoiAI" title="Green Skills Hub render. Credit: Pyramid Constructions WA" width="580" /></a>

<figcaption>Green Skills Hub render. Credit: Pyramid Constructions WA</figcaption>
</figure>

Western Australia&rsquo;s greenest building also happens to be the education hub for environment training &ndash; Green Skills Hub. The building has been constructed using entirely sustainable materials including structural steel which can be reused later down the track, and recycled timber throughout. The centre was awarded a 6-star Green Star rating.

Training and Workforce Development Minister&nbsp;Liza Harvey explained that&nbsp;the Green Skills building would help provide students with resources, training and skills that,

<blockquote>
&ldquo;&hellip;ensures our graduates are at the top of their game in growing sectors such as sustainable building and construction.&quot;

- Liza Harvey, Training and Workforce Development Minister&nbsp;
</blockquote>

<h3>#6 SMART HOME TECHNOLOGY</h3>

Case study: The Burcham in Rosebery

<figure><a href="/buildings/the-burcham-6-8-crewe-place-roseberry"><img alt="" class="image-article_full_width_580px" height="355" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/v04-150910-rooftop-aerial-final-2000_620x380_1.jpg?itok=-R1bCkFa" title="Credit: The Burcham in Rosebery" width="580" /></a>

<figcaption>Credit: The Burcham in Rosebery</figcaption>
</figure>

There is no denying technological advancements are making their way into our everyday lives at rapid speed, and the all-encompassing smart home device that was once a fictional concept is now a reality. <a href="/new-apartments/rosebery-nsw-2018">The Burcham in Rosebery</a> has installed&nbsp;&lsquo;Geo Fencing&rsquo;&nbsp;technology in all 99 of their apartments, and whilst providing residents with the luxury of having a coffee brewed for their arrival home or the lights on by 7 PM, the technology is also proven to be beneficial for environmental sustainability. Residents will be able to monitor and manage their energy consumption and modify their use based on pricing and availability, allowing them to control living costs and reduce their carbon footprint.&nbsp;

<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/energy-management-1.jpg" rel="gallery-all"><img alt="Wiser Link Energy Management Tool. Credit: The Burcham in Rosebery" class="image-article-full-width-580px" height="619" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/energy-management-1.jpg?itok=c0vtua9R" title="Wiser Link Energy Management Tool. Credit: The Burcham in Rosebery" width="580" /></a>

<figcaption>Wiser Link Energy Management Tool. Credit: The Burcham in Rosebery</figcaption>
</figure>

<h3>THE FUTURE</h3>

<a href="https://www.3dprintedhouse.nl/en/project-info/project-milestone/">3D PRINTED HOMES</a>

Case study: Project Milestones&#39; 3D Printed Home, Netherlands

<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/screen_shot_2019-04-08_at_11.15.08_am.png" rel="gallery-all"><img alt="An artist’s impression of the 3D printed houses. Credit: Project Milestone" class="image-article-full-width-580px" height="291" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-04-08_at_11.15.08_am.png?itok=TsTKQyG-" title="An artist’s impression of the 3D printed houses. Credit: Project Milestone" width="580" /></a>

<figcaption>An artist&rsquo;s impression of the 3D printed houses. Credit: Project Milestone</figcaption>
</figure>

A revolutionary project will see a Dutch town open five highly sustainable 3D printed concrete homes this year. The world-first design technique is likely to be adopted by Australian&nbsp;firms such as biotechnology company Mirreco&nbsp;<a href="https://3dprint.com/217838/mirreco-to-3d-print-hemp/">who have already expressed an interest</a> in utilising 3D printing for their developments.&nbsp;

RELATED:&nbsp;<a href="/news/5-of-melbourne-s-environmentally-conscious-new-development-highlights">5 of Melbourne&rsquo;s environmentally conscious new-development highlights</a>

&nbsp;

<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/urban_-_infographic_2.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="2854" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/urban_-_infographic_2.jpg?itok=P6eBECWI" width="580" /></a>

<figcaption>6 of Australia&rsquo;s top sustainable architectural design trends Infographic.</figcaption>
</figure>

6 of Australia’s top sustainable architectural design trends

<html><body>
Don Stammer has suggested after the recent surge in house prices over recent years there has been "a reasonably orderly retreat".
However he noted a "deep gloom" has descended on the housing outlook.
"One interesting thing about being an Australian is we each are surrounded by 25 million housing experts," the adviser to Altius Asset Management and Stanford Brown Financial Advisers said.
"Google the phrase 'Australian house prices' and in 0.54 of a second you’ll have a billion items on that topic to consider."
Stammer says housing, and the economy generally, does not face the full fire of dire times now feared.
"But prospects are there’ll be a further, noticeable, fall in the median house price (5 to 10%), followed by an elongated slump in house prices.
"This will involve real pain for some home owners who purchased at the peak of the cycle, paid over-the-top prices or borrowed too heavily, especially where people lose their jobs or partnerships break up."
Writing in The Australian, he noted traditional concerns for housing — the high level of household debt and mortgage stress — are exaggerated.
"But newer worries, such as the impact on bank lending from the revelations of unfair practices by the royal commission and from the likely introduction of changes to negative gearing and capital gains taxes (if the ALP wins government) will push housing prices lower and constrain recovery."
He said it won’t be easy to maintain a balanced outlook.
"Each item of news on the housing market, including weekly auction clearance figures, will be dissected to see what unpleasant news it offers on the housing outlook."
He concluded by suggesting plucking a couple of numbers — gross household debt and mortgage debt — from the aggregated balance sheet of Australian households is not enough.
"These ratios do not include important “buffers” such as offset accounts, redraw facilities and prepayments making household finances more resilient."
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'Deep gloom' has descended over housing market: Don Stammer 

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Real estate agent John McGrath has says not to panic if you bought at peak times in Sydney and Melbourne last year.
"It won't take long for Sydney and Melbourne to rebound," McGrath said in his latest Switzer column, adding the worst was already over.
McGrath said if you bought at the peaks of the market, around mid-year 2017 for Sydney and late 2017 for Melbourne, not to despair.
"If you’re in this boat, I understand your disappointment in terms of timing but please don’t despair," McGrath said, suggesting no one can pick the top, even himself, the 35 year real estate veteran.
"Unfortunately, in boom markets, there will always be people who happen to exchange at the peak but try to remember you are one of many – thousands of people did the same thing.
"What’s important now is for you not to panic and to look at the situation objectively," McGrath advised.
He said it won't take long for Sydney and Melbourne to rebound.
"These are two major international cities with many unique factors keeping property prices strong," McGrath suggested, saying you shouldn't feel too compelled to get out.
"You just have to be patient while the magic of capital growth takes effect." 
He said you should stop worrying if you're an owner-occupier.
"You have a new home to enjoy for as long as you can afford your payments in what continues to be a low interest rate environment.
"If the capital value of your home has come back a bit, it doesn’t matter because you’re going to be there long term and prices will eventually rise again." 
He noted that if you're an investor and have bought for different reasons, you've got to hang in there, suggesting that all that has changed is the amount of time your asset needs to bear fruit.
"We’re in the winter period now but the sun will come out again.
"Whether you invest in shares, managed funds, property or any other asset class, there are always going to be highs and lows.
"Smart investors ride out the lows," McGrath said.
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jonathanchancellor-7SQnKwU6yx

Bought at the top? It won't take long for Sydney and Melbourne to rebound: John McGrath

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The inner-city apartment property crunch is now starting to really bite, according to Robert Gottliebsen, The Australian columnist.
The Sydney developer, Harry Triguboff’s Meriton, has stopped buying Sydney land which was "sending land values into freefall" as bankers prepare for losses.
Gottliebsen did not cite any examples.
Meriton was also curtailing its building activity, he added.
The columnist suggests the Melbourne crunch is being delayed as developers are proceeding with construction because they have old permits that allow greater density than the new rules.
"If they don’t proceed the opportunity will be lost," he said of the city where the building supply industry was booming because the state is undertaking unprecedented infrastructure investment.
The bank credit squeeze has caused small apartment first home buyers and investors to slash their purchases, but there is still some Chinese buying.
Affluent baby boomers are still shifting from their large family homes to apartments, usually closer to the city.
They don’t want the small apartments that are being built by most developers, often with the encouragement of rate-hungry councils, the veteran columnist advised.
"Most long-established developers did not pick this switch in the market and the long delays in gaining permission to build locked them in to providing small apartments for students, tourists, and young executives."
"There are a lot of frustrated developers and frightened bankers out there," he concluded
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Harry Triguboff stops purchasing sending land prices into freefall: Robert Gottliebsen 

<html><body>
GUEST OBSERVATION
More people are becoming heavily indebted by buying rental properties and shared accommodation is flourishing, as third party tech platforms help people find a place without a real estate agent.
A new report from the Australian Housing and Urban Research Institute explains how the private rental market is changing over time for both landlords and tenants.
Over the 10 years to 2016, the number of renters grew 38% - twice the rate of household growth. More renters now are couples, or couples with children, so it seems the sector is shaking its image of unstable housing or perhaps these people are left with few other options.
Households by type, 2006 and 2016
The report analyses data from the 2016 Census, the 2013-14 Survey of Income and Housing and the 2014 Household, Income and Labour Dynamics in Australia (HILDA) Survey. It also draws on interviews conducted with 42 people involved in all aspects of the private rental sector: financing, provision, access and management.
Rental property ownership also grew. We found the number of households with an interest in a rental property grew and the number that own multiple properties grew slightly as well.
But the typical landlord is still the conventional “mum and dad” investor. Two-thirds of rental investor households have two incomes, and 39% have children.
However they are also mostly high-income and high-wealth households: 60% are in both the highest income and highest wealth bracket. Interestingly, about one in eight landlords is themselves a private renter.
Housing finance ($A), 2000 - 2016
The biggest change in ownership is in finances: owners of rental properties are relying more heavily on debt.
Financing rental properties
The people we interviewed highlighted the Australian Prudential Regulation Authorities’ (APRA) guidance to lenders on loan serviceability calculations as having the greatest impact on overall investment levels and investor decisions.
Adding to the complexity is the proliferation of intermediaries, such as mortgage brokers and wealth advisers. These advisers are telling borrowers what lenders and loan products to use to maximise their borrowing power and negotiate lender and regulator requirements.
Houses are the most commonly rented in Australia, but everywhere rental markets are moving away from this and towards dwellings like apartments.
There’s now more diversity in rental properties too. For example the building of high-rise student accommodation, “new generation boarding houses” and granny flats.
These allow landlords to house more people in the one building, increasing revenue and making management more efficient.
The informal sector of shared accommodation appears to be flourishing, like improvising shared rooms and lodging-style accommodation in apartments and houses.
Finding a rental
People have moved from finding rentals in real estate agents’ high street offices and onto online platforms. New third-parties like apps and other digital platforms offer non-cash alternative bond products, schedule property inspections, collect rents, and organise repairs.
Even though these technological innovations avoid agents, they have in fact increased their share of private rental sector management. Agents themselves are use these platforms to change their businesses, and the structure of their industry.
Our research found that revenue from an agency’s property management business (its “rent roll”) has become increasingly important. Some players in the industry are consolidating their businesses around it, to make higher profits from tech-enabled efficiencies.
However, the real estate business still depends on building personal relationships, particularly in high-end markets.
The new tech platforms of the private rental sector raise issues for tenants too, particularly in terms of the personal information they collect. For example, one of the online platform operators told us they looked forward to using applicants’ information to score or rank applicants. Another one of the new alternative bond providers uses automatic “trust scoring” of personal information to price its product.
These innovations may be convenient to use, and may give some tenants an advantage in accessing housing - but at the expense of others who are already disadvantaged.
Rental properties meeting demand?
If the private rental sector is going to meet the demand for settled housing, governments will have to intervene. This can’t be left to technological innovation, or higher income renters exercising their consumer power.
Federal or state governments could create public registers of landlords, or licensing requirements, to police landlords who are not “fit and proper” and exclude them from the sector.
There could also be stronger laws around tenancy conditions and protections for tenants against retaliatory action. The Poverty Inquiry in the 1970s set the basic model of our present laws and they haven’t changed much.
Tenants’ personal information also needs to be protected, to properly take account of the rise of the online application platforms; another is the informal sector, which is currently in a regulatory blindspot.
<img src="https://counter.theconversation.com/content/94394/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">The popular emphasis on “mum and dad” investors diminishes expectations of landlords. Rental property investment should be regarded as a business that requires skill and effort. As for-profit providers of housing services, landlords should be held to standards that ensure the right to a dignified home life.
Chris Martin, Research Fellow, City Housing, UNSW
This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/wealthy-landlords-and-more-sharehousing-how-the-rental-sector-is-changing-94394" target="_blank">original article</a>.
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Wealthy landlords and more sharehousing - how the rental sector is changing: Chris Martin

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<a href="https://theconversation.com/profiles/teresa-somes-412706" target="_blank" style="font-family: Tahoma, Helvetica, Arial, sans-serif; font-size: 12.16px;">Teresa Somes</a>, <a href="http://theconversation.com/institutions/macquarie-university-1174" target="_blank">Macquarie University</a>
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One of the most pressing challenges older Australians face is finding secure accommodation with suitable amenities. And as the numbers of older Australians grow, the pressure to provide housing that meets their needs is increasing. We may be facing a crisis of ageing homelessness in coming years.
A new <a href="https://www.missionaustralia.com.au/news-blog/news-media/mission-australia-report-shows-homelessness-is-a-growing-concern-for-older-australians" target="_blank">report</a> from Mission Australia has called on all levels of government to act immediately on the critical shortage of appropriate housing and support services for older Australians at risk of homelessness.
A look at the trajectory of Australia’s ageing population gives a clear sense of the urgency of this issue. Today, <a href="http://www.abs.gov.au/ausstats/abs@.nsf/Lookup/by%20Subject/2071.0%7E2016%7EMain%20Features%7EAgeing%20Population%7E14" target="_blank">16% of our population</a> is over 65 years of age. By 2101, <a href="https://aifs.gov.au/facts-and-figures/ageing-australia" target="_blank">25% of Australians</a> are likely to be over 65. People over 55 already make up around 17% of the homeless population – and this figure is likely to grow.
Affordable housing and related aged care services are already in short supply. Evidence of this is the increasing numbers of older homeless people <a href="https://www.aihw.gov.au/reports/homelessness-services/specialist-homelessness-services-2015-16/contents/client-groups-of-interest/older-clients" target="_blank">seeking help</a> from specialised homeless services.
<h2>Why are older people more at risk?</h2>
Older Australians face the same risks of falling into homelessness as everyone else. But they also face extra challenges related to ageing. These include physical and cognitive changes, reduced earning capacity and family changes, on top of the lack of suitable housing alternatives. All these factors can put older people at greater risk of becoming homeless.
Self-funded accommodation is simply not an option for many older Australians. Many depend on social security or social housing to cover accommodation and living expenses. <a href="https://www.humanservices.gov.au/individuals/enablers/payment-rates-age-pension" target="_blank">Age Pension payments are modest</a> – a maximum of A$407 per week for single people and A$613.60 for couples – which might be enough if people have adequate superannuation and own their home by the time they retire. Many do not.
The combination of low incomes and rising living costs is a significant factor in older people’s homelessness. The supply of private rental housing or social housing for people on very low incomes is limited.
Even if social housing is available, many of the complexes are poorly maintained or have mixed tenancy. This can cause older people to feel intimidated and isolated.
As rents continue to <a href="https://www.propertyobserver.com.au/http://www.abc.net.au/news/2017-02-01/sydney-rental-prices-climb-as-more-new-units-are-built/8228872" target="_blank">climb</a>, private renting is beyond the means of many older people. Age discrimination further narrows the restricted market of affordable housing. Landlords may prefer tenants who are receiving a regular income from employment.
People with health problems, including mobility and cognitive impairment, and who require greater support may become unable to maintain their present living arrangements. However, they may also be unable to find or afford accommodation that caters for their needs.
Older people who have suffered elder abuse, in particular financial abuse or failed family accommodation arrangements, are especially vulnerable. <a href="https://theconversation.com/global/topics/elder-abuse-5798" target="_blank">Elder abuse</a> is commonly inflicted by close family members. This can both impoverish an individual and isolate them from family support networks.
<h2>Which groups are most vulnerable?</h2>
<a href="http://www.dailytelegraph.com.au/news/nsw/ageing-women-in-financial-strife-the-new-face-of-australian-homelessness/news-story/22d4462e281e2d3b4f6b43b243d85406" target="_blank">Older women</a> are especially at risk. Many women who have raised children and not been in secure paid employment have little or no superannuation in later years. This leaves them with reduced capacity to support themselves, particularly if they have fled family violence.
Traditionally, support services are aimed at younger women with children. Mission Australia has called for investment in housing tailored to the needs of older women experiencing <a href="http://www.ownnsw.org.au/wp-content/uploads/2013/08/ItCouldBeYou.pdf" target="_blank">family violence</a>.
Mission Australia has also identified disproportionate numbers of Aboriginal and Torres Strait Islanders among the homeless population. Overcrowded housing is a key factor here. In 2011, <a href="http://apo.org.au/system/files/40448/apo-nid40448-20316.pdf" target="_blank">74% of Indigenous people</a> were living in severely overcrowded dwellings.
<h2>What needs to be done to reduce homeless?</h2>
Significant funding is certainly needed to overcome the ever-growing problem of homelessness in our ageing population. Older Australians are not a homogeneous group. Housing options need to be provided that meet the needs of people with different financial, social, physical and cognitive capabilities.
Funding is also need to put support in place not only to allow people to move from homelessness to permanent accommodation, but also to counter the factors that lead to homelessness. These include the shortage of affordable rental accommodation, lack of accessible support networks, and financial insecurity for older people on low incomes.
Alternative housing options could include <a href="http://www.seniorresource.com/hcf.htm" target="_blank">congregate housing</a>. In this model, tenants live in units but support staff are on site. Another possible model is <a href="https://www.propertyobserver.com.au/https://academic.oup.com/gerontologist/article/51/3/406/560563" target="_blank">campus housing</a> where villages contain housing with different levels of care. If tenants’ level of care changes, they can move to other housing in the village.
Alternative housing for those who are more independent include <a href="http://www.homelessnessnsw.org.au/news/older-womens-studio-development-project" target="_blank">share housing models</a>, which aim to provide low-cost accommodation to homeless women. Government financial incentives for <a href="https://theconversation.com/how-can-we-best-design-housing-for-australias-ageing-population-50304" target="_blank">alternative housing</a> such as granny flats and co-ownership would also <a href="https://www.theguardian.com/commentisfree/2017/mar/20/housing-affordability-is-not-just-about-youth-15000-seniors-are-living-on-the-streets" target="_blank">help ease the demand</a> on government-run housing facilities.
<img src="https://counter.theconversation.com/content/87685/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">The need for appropriate housing for our ageing population is urgent. The rise in homelessness among older people is sad but clear. Governments must prioritise research and implementation of a range of accommodation options to better prepare Australians for the challenges of finding suitable housing as they get older.
<a href="https://theconversation.com/profiles/teresa-somes-412706" target="_blank">Teresa Somes</a>, Associate Lecturer, <a href="http://theconversation.com/institutions/macquarie-university-1174" target="_blank">Macquarie University</a>
This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/more-and-more-older-australians-will-be-homeless-unless-we-act-now-87685" target="_blank">original article</a>.
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More and more older Australians will be homeless unless we act now

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The Westpac Consumer Risk Aversion Index results show a shift away from investing in real estate in favour of debt reduction and deposits.
Westpac’s first Red Book in 2017 found a shift back towards increased risk aversion late last year has carried into year end with an Index reading of 38 in December in line with September and compared to 19 a year ago.
Component-wise the main shift over the year has been away from ‘real estate’ (14% vs 23%) towards deposits (29% vs 26%) and ‘repay debt’ (21 percent vs 18 percent). There was a slight dip in the proportion favouring shares, from 10 percent to 9 percent. A relatively high 6 percent reported ‘don’t know’.
<a href="https://www.propertyobserver.com.au/images/2017/02/03/wes-5.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/03/wes-5.jpg" alt="">
The accounts showed the household savings ratio at 6.3 percent, down from 6.7 percent in Q2 and 7.2 percent a year ago. Technical changes to assumptions underlying depreciation estimates have resulted in a downward level shift in savings rate estimates over the last decade.
Both the composition of income and spending shifts and the state detail continue to point to budget constraints as the main driver of lower savings rather than an easing in risk aversion and ‘precautionary’ savings.
Declines have been led by mining states where income pressures are more of an issue with a partial offset coming from rising savings elsewhere.
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Consumers view real estate as a more risky investment: Westpac 

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Back in February 2012, I published a post on the subject “smaller apartments to be the norm, not the exception”. 
Now almost two and a half years later we are starting to see projects that were then on the drawing board either finished or mostly sold off the plan.
As was already apparent back in 2012, today the reality is that generally apartments have in fact gotten smaller. However, via skillful design and by responding to buyer feedback, smaller now also generally means better. While size is still important, it’s not the most important factor.
Over the same time frame Sydney has also retained it’s place (which depending upon your circumstances and point of view is either a good or bad thing) among the world’s most expensive cities to buy a home. In 2012 there was the certainty that new apartment designs were set to be smaller but also hopefully more efficient with changes being driven mainly by price ceiling constraints and lifestyle demands.
What we have seen over the intervening years has been a remarkable shift in design standards and buyers have also shown little or no resistance to smaller apartments. From a marketing perspective this shift has been driven by a number of factors, mainly quality, good planning and lifestyle shifts. But there has also been the expectation that smaller did not mean inferior.
Smaller Apartments, Big on Design
Apartment buyers are a pretty smart bunch, developers know this and as marketers we also respect how much more engaged buyers have become. When buyers approach off the plan projects they do so with confidence but that is also matched by a much more discriminating buyer.
There have been a number of key facts driving this trend. Higher prices are key; this applies to all buyers as investors are no less demanding of quality. There has also been greater competition for the best locations.
I get constant feedback that in a nut-shell goes like this: Buyers are looking for well-designed, carefully planned projects, that are well located, close to local shops (and that is within walking distance), with access to good public transport. Most buyers are willing to move down in apartment size, but they expect location and services to be top rate. They also have a clear checklist of what they expect internally.
I also think that this has a lot to do with market education that comes via reality TV. There are now so many home renovation shows and I think this has been a factor in educating buyers. They are more aware of good design.
Like the food revolution that has in part grown out of the saturation of cooking TV shows, I think the same can be linked to a cultural shift that has buyers thinking about the design and function of apartments. This also extends more than ever to the reputation of the developer and builder.
First Impressions
One of the most telling ways to judge how people are reacting to smaller and smarter projects is to see how they first respond, what questions are generally top of mind and what first impression is created at a sales and display centre.
They are very keen to see how the space is used; they look beyond the finishes to how the space will function and what the developer has done to make the space work.
I have also noticed buyers are keen to see how the project sits within the neighbourhood and what sort of brand message does the exterior design of the building broadcast. They are quick to spot gimmicks, but there is an appetite for themed buildings that reflect the local environment.
It’s fairly clear that a good project team has to work hard to get the mix just right, this is now essential as apartments are not seen as a stepping stone any more, they are home to more and more of us. Between 2009 and 2012 the supply of new apartments increased by 56% and over the same period the numbers of new detached dwellings fell by 13%.
Article continues on the next page. Please click below.
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Some Trends
Looking at one of our most recent developments, Woolooware Bay, near Cronulla, in Sydney’s Sutherland Shire, there’s a variety of one, two and three bedroom apartments which range in size across an assortment of designs which include: (internal) 59 square metres for a one bed, 78 square metres for a two bed and 114 square metres for a three bed. These apartments being developed by Bluestone help highlight how good design is being delivered.
Some of the features include; a multi-purpose or shared zone, which might have been a media-nook or study, but has now evolved to a shared space for work, study or pleasure. Apartment kitchens have also evolved, perhaps more than any other area, kitchens are now almost a ‘piece of furniture’ with varied surfaces, textured finishes, display cupboards, recessed lighting, and so just having stainless steel appliances no longer makes the grade.
Other design features include the use of windows and balcony access to create good air circulation, and balconies even, when they are small, are now more private, attractive ‘rooms’. Most of the larger three bed apartments at Woolooware Bay provide balcony access from all main rooms and all bedrooms. The use of high-set windows and privacy screens are now more common features, and there’s a deliberate aim to create separation and privacy for bedrooms.
Another area of design, and this might well help make smaller apartments even more functional, is the use of technology to create ‘smart apartments’ where the push of a button might one day do much more than switch on the lights and TV.
We aren’t fully there yet, but at almost every consumer electronic show manufacturers now display even more smart-home devices. The spread of smart-phones and tablets could soon see apartments online and residents able to switch their lights on or off, tweak the air conditioning, order in dinner, and make sure those houseplants and pets are looked after.
Buyers are skeptical when it comes to ‘gimmicks’, but this does not mean that as apartments are smaller there is not a need for well-planned building facilities. Alongside better interior design these facilities have also evolved and in addition to lap pools and well-equipped BBQ areas. We now have contemplation gardens, wine cellars, common rooms, a library and indoor and outdoor cinemas. However, when these facilities are included, buyers are still keen to see strata levies at manageable levels alongside the focus on quality management.
The end result of all of these trends is the ready comprehension among developers and buyers that smaller apartments are workable and popular, but this needs to be balanced with really assiduous design, great quality and the continued quest for well thought-out locations and buildings with sought-after facilities.
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