<a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.

A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.

Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360965]

“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.

From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.

The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360981]

Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.

A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.

Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360966]

Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.

“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.

Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360969]

Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.

The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.

“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”

The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.

The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.

[smartcode_project_cta:default project_id=149670]

Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.

The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.

Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.

The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.

The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" />

Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.

Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.

The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."

The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" />

Campbelltown has been starved of new residential developments in the last decade.

The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.

First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

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

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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;

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</main>

Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

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Australian dwelling prices rose by a moderate 0.8% m/m in seasonally adjusted terms in July, which was the strongest monthly result since February.
<a href="https://www.propertyobserver.com.au/images/2017/08/01/Screen%20Shot%202017-08-01%20at%2011.28.35%20am.jpg" target="_blank">Click to enlarge</a>
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The market remains healthy despite tighter regulation and higher borrowing costs, although auction results do point toward a further cooling in the market in coming months.
APRA’s macroprudential regulation and the subsequent increases in borrowing costs (primarily for investors) have been felt in the market, with annual dwelling price growth slowing to 10.4% y/y, down from the 13% peak earlier in the year.
Interestingly, Sydney prices have slowed markedly, but Melbourne prices have been more resilient and are still 16% higher than a year ago.
<a href="https://www.propertyobserver.com.au/images/2017/08/01/Screen%20Shot%202017-08-01%20at%2011.28.43%20am.jpg" target="_blank">Click to enlarge</a>
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As we noted in this morning’s Canadian housing insight, British Columbia’s experience suggests that regulation can indeed slow the housing market, but questions remain over the sustainability of such movements.
Subsequent tightening in Ontario has also had a negative impact on prices in recent months, and we will be watching closely to see if these moves become permanent.
<a href="https://www.propertyobserver.com.au/images/2017/08/01/Screen%20Shot%202017-08-01%20at%2011.28.51%20am.jpg" target="_blank">Click to enlarge</a>
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In Australia, weaker auction results in recent months suggest that price growth will continue to ease, especially in Sydney.
But there is no suggestion that prices will materially fall, as per Canada.
Yesterday’s private credit data showed that while investor credit growth has slowed in response to the regulatory changes, there has been an improvement in owner-occupier borrowing.
This suggests that overall sentiment in Australia’s property market remains positive.
<a href="https://www.propertyobserver.com.au/images/2017/08/01/Screen%20Shot%202017-08-01%20at%2011.29.01%20am.jpg" target="_blank">Click to enlarge</a>
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Daniel Gradwell is the senior economist for <a href="https://www.anz.com.au/" target="_blank">ANZ</a>.
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j.ballantyne1990-6AQqhLzZaK

Australian house prices still solid despite regulation: ANZ's Daniel Gradwell

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Australian private sector credit recorded a solid increase in June, led by a rebound in the business sector after several months of weakness.
The divergence between investor and owner-occupier housing credit continued, with the former still slowing in response to APRA’s macroprudential regulation.
This trend is likely to still have further to run.
<a href="https://www.propertyobserver.com.au/images/2017/07/31/Screen%20Shot%202017-07-31%20at%201.51.10%20pm.jpg" target="_blank">Click to enlarge</a>
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Housing credit posted another 0.5% m/m rise in June, although at the margin (2 decimal places) this was the slowest monthly increase in a year.
The slowdown in investor borrowing continued, and quarterly annualised growth now sits at 6.0%.
This reflects a significant cooling from the recent peak of 9% growth reached in December 2016, suggesting that APRA’s macroprudential regulation continues to bite housing investors.
<a href="https://www.propertyobserver.com.au/images/2017/07/31/Screen%20Shot%202017-07-31%20at%201.50.41%20pm.jpg" target="_blank">Click to enlarge</a>
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On the other hand, credit to owner-occupiers again posted faster monthly growth than the investor segment.
The divergence between the segments kept total annual housing credit growth at 6.6% y/y, reflecting a stabilisation at a marginally higher rate than at the start of the year.
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Business credit recorded the strongest monthly rise since December 2016, up 0.9% m/m.
This is a welcome result after a period of weakness, but we do not expect it to be sustained indefinitely.
Business finance approvals have remained weak in recent months, and suggest that growth in the stock of business credit is likely to ease from here.
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Housing investor credit continues to ease: ANZ Research

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ANZ has opened a cashless branch in Brisbane’s CBD, its first for the city, as customers continue to choose online and digital banking options instead of cash.
The new branch in George Street is ANZ’s seventh cashless branch across Australia since it opened the first one in Sydney’s Bondi Junction in March 2016.
“Our customers are embracing the digital changes we’re rolling out across our network as they continue to use cash less for every day purchases," managing director Retail Distribution, Catriona Noble said.
“The simplicity of internet banking and digital apps means many customers often don’t need cash, and in some cases don’t need a physical wallet at all with the availability of mobile payments where they can pay with their smartphone.”
The new George Street branch does not offer traditional telling or over-the-counter cash handling, but staff are available to help customers deposit and withdraw cash through the bank’s SMART ATMs.
The branch staff members are available to help customers with bigger life decisions such as saving towards financial goals, home ownership or running a small business, which many customers still prefer to discuss face-to-face.
The new Brisbane branch is the 75th digital branch ANZ has opened in the past three years, with another 45 scheduled for 2018.
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ANZ opens its first cashless branch for Brisbane

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Close on the heels of Citi’s senior economist warning about Australia’s overpriced housing market, the chief executive of ANZ has voiced similar concerns.
Home prices are “very inflated,” ANZ’s CEO Shayne Elliott told Bloomberg but said the probability of an outright crash is “really low.”
Elliott made his comments with Bloomberg Television’s Stephen Engle in Beijing. 
In Sydney, home prices have risen 75 per cent in the past five years, and the city has been ranked only behind Hong Kong as the world’s least affordable housing market.
Asked whether a crash is looming, Elliott said it’s “a really low probability, but it is certainly something we stress test a lot, and think about.”
Elliot’s caution is the latest in warnings about Australia’s overpriced housing market. 
Citigroup Inc’s chief economist Willem Buiter recently said Australia needed to fix its “spectacular housing bubble” with tougher regulatory measures.
Last month, S&amp;P Global Ratings downgraded the credit scores of almost all of Australia’s financial institutions, warning of a “sharp correction” in property prices.
The Big Four lenders, including ANZ, were spared the downgrade because S&amp;P said it assumed the government would step in to provide support if needed.
Earlier this week, a research report by ANZ said housing price growth peaked earlier this year and <a href="/news/national-price-growth-to-halve-in-2018-with-brisbane-to-fall-anz">will slow to 1.9 per cent </a>by next year, though population increase and demand for housing will ensure growth stays positive in Sydney and Melbourne.
Elliott was also critical of the recent Budget announcement of a $6.2 billion levy on the country’s large lenders, though he said the priority now should be to work out the best way to implement the measure.
“It is regrettable, we don’t think it is good policy, we do think it will have unintended consequences. But we’ve seen very little value in bleating about it,” Elliott told Bloomberg.
Despite Elliott’s criticism, ANZ has generally taken a more conciliatory approach to the levy than some of the country’s other lenders. National Australia Bank Ltd. Chairman Ken Henry described it as “simply incoherent,” while Commonwealth Bank of Australia CEO Ian Narev said it was “policy concocted on the run”
Elliott said there was no doubt the outlook for earnings is getting “tougher.” The lender’s first half-profit missed estimates as its revenue growth flat-lined and its net interest margin fell to its lowest since the global financial crisis.
“What’s driven bank earnings over the last 20 years has been an increase in household leverage which has been afforded because of a lowering of interest rates. That’s just not going to drive the future,” Elliott said, adding that for consumers used to boom times, even slower growth can feel like a recession.
 
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jonathanchancellor-7SQnKwU6yx

Property prices inflated but possibility of crash low: ANZ chief executive

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<div>
Housing price growth peaked earlier this year and will slow to 1.9 per cent by next year, ANZ says in a new research report.
Population increase and demand for housing will ensure growth stays positive in Sydney and Melbourne.
But lending constraints tighten and other measures such as taxes on vacant properties will constrain growth.
The national pace of price appreciation will dip to to an annual 4.4 per cent this year, the ANZ Australian Housing Update says.
Prices will fall in Brisbane next year, however, due to the "significant" volume of new supply.
It tipped home values in Perth and Darwin continue to fall.
Housing markets in Canberra, Hobart and Adelaide will grow slightly faster than the nationwide average through 2018, Fairfax's Australian Financial Review noted.
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</div>
<div><cite>ANZ Australian Housing Update</cite></div>
<div>
"We anticipate that Australia's housing market will broadly cool from here," economists Daniel Gradwell and Jo Masters wrote.
"We believe that price growth will slow sharply due to a combination of policy changes and macroprudential regulation."
The report also predicts housing construction to "gradually soften."
"We think building approvals could fall by another 5-10 per cent in the next six to 12 months," the report said.
The two biggest risks remain over-supply of new apartments in Brisbane and "to a lesser extent", Melbourne as well as settlement failures, the bank said.
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National price growth to halve in 2018 with Brisbane to fall: ANZ

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ANZ bank has reported a $3.4 billion cash profit for the six months to March 31 and lifted interest rates on home loan deals.
The profit figure is down from previous expectations of $3.5 billion.
ANZ's move to lift interest rates on home loan deals follows the Commonwealth Bank and Westpac, who increased interest rates on both owner occupier and investor loans.
Owner occupiers and investors with interest-only fixed rate deals may be hit with increases of 0.4 percent on 2, 4, and 5 year fixed owner occupier interest-only loans the rates will rise on the bank’s Breakfree products.
Three-year owner occupier interest-only loans will rise by 0.3 percent to 4.49 percent.
For investors on a three-year fixed-rate interest-only Breakfree deal the rate will rise 0.3 percent 4.69 percent.
The three-year fixed rate owner occupier principal and interest deal will fall by 0.2 percent to 3.99 percent.
On a three-year fixed rate investor principal and interest deal the rate will fall by 0.1 per cent to 4.44 percent.
Mozo spokeswoman Kirsty Lamont said the increases by ANZ are a result of the financial regulator, the Australian Prudential and Regulation Authority limiting their interest-only lending.
“With the Federal Reserve jacking up rates in the US and inflation just scraping within the Reserve Bank target, we expect a cash rate increase in the next 12 months which means these fixed rates are unlikely to be around for a long time,” she said.
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ANZ six month profit down, lifts some interest rates

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ANZ is closing a loophole by tightening rules for investors attempting to switch their investment loan to a standard homeowner loan.
ANZ head of national broker distribution Simone Tilley has advised mortgage brokers it would like to "reinforce that it continues to accept both owner-occupier and investor borrower applications".
But it is also closing down a popular loophole where borrowers switch from investor loan rates to cheaper owner-occupier rates.  
From today, borrowers changing their investment loan to a home loan will need to provide supporting documents to prove it is not being used for investment purposes.
These will include evidence such as utility bills and car licence details.
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jchancellor-FAypfDUnLy

ANZ to close loophole for investment home loan switch

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A new RateCity.com.au study shows 33 lenders – including two major banks, ANZ and NAB, – have lifted some of their popular home loan rates in recent weeks.
A total of 382 home loan rates, including 265 fixed and 117 variable products, have been hiked since January 1.
Peter Arnold, data insights director at RateCity.com.au, said lenders had lifted home loan rates by as much as 0.60 percentage points.
“After several years of record low rates, Australian home owners are facing unwelcome news to start the year as more banks quietly raise rates on their mortgages,” he said.
“The banks began lifting home loan rates late last year, with the biggest hikes being applied to their fixed deals at the time.
As a result, most of the impact last year was felt by new customers who were looking to fix their home loans and were prepared to cop the higher rates on the chin. But that's about to change.
The difference now is that more variable rates are under attack, with 117 hikes in the last five weeks largely hitting existing customers.
This is just the start for higher rates and we expect this trend to continue as banks face higher lending costs both from nervous international funding sources and increased pressure from our local regulator to hold more capital.
Variable borrowers should get set for higher expenses this year or be prepared to switch," he said.
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ANZ and NAB lift home loan rates

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ANZ has signed an agreement with Lendlease to house more than 2000 staff in a new major building in Docklands at 839 Collins Street.
The Big Four bank will be the anchor tenant - leasing 26,500 square metres - at the new building, expected to be completed in the first half of 2019. It will be a 6-star Green Star environmental rated building. 
It will be adjacent to ANZ’s global headquarters. 
ANZ Group general manager - property, Kate Langan, said: “Having two adjacent buildings across one Docklands location will enable us to create a single ANZ campus that will address future workplace demands while also allowing people to work together more easily and creatively.”
“This is the last available commercial building in Victoria Harbour which features the highest concentration of Green Star-rated buildings in Australia. We think it will be great for our staff as well as having significant environmental benefits,” she said.
The new lease follows the sale of ANZ’s office tower at 100 Queen Street Melbourne to GPT Wholesale Office Fund, which the bank is leasing back with an initial term until June 30, 2019.
ANZ has a long history in Melbourne. Docklands is home to ANZ’s global headquarters while the bank’s National Trust listed historic heart at 388 Collins Street, the Gothic Banking Chamber and Verdon Chambers (the old Bank Manager’s Residence), have been a recognised part of the city’s urban fabric since 1886. 
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ANZ to expand Docklands presence with new Collins Street building

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New South Wales continues to grow at an above-trend rate according to the ANZ’s Stateometer, but momentum has eased further and growth may soon be back at trend.
The Stateometer suggests that Victoria’s economy is growing at a slightly above-trend rate. Queensland’s growth has stabilised at a well-below trend rate, fully unwinding the significant improvement in late 2015. Growth in Western Australia remains very weak, with the recent small improvement unwound. 
The Northern Territory is also growing at a below-trend rate, but momentum has improved over the past months.  Tasmania and South Australia are both growing at near-trend rates. Growth in the Australian Capital Territory has accelerated and it is now well above trend.
<a href="/images/2016/09/15/anz%20trend.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/15/anz%20trend.png" alt="">
<a href="/images/2016/09/14/anz%20trend.png" target="_blank">Regional Overview</a>
New South Wales 
NEW SOUTH WALES GROWTH SLIDES FURTHER AND MAY SOON BE BACK AT TREND
<ul>
<li>The smoothed New South Wales index remains positive, suggesting economic activity is expanding at above trend pace.</li>
<li>However, the index continues to fall from the thirteen-year high reached in 2015, reflecting a broad slowdown in the underlying indicators.</li>
<li>Given the weakness in the Stateometer’s components, we see a risk that the smoothed index falls further in August, where growth may soon be back at trend.</li>
</ul>
<a href="/images/2016/09/14/Screen%20Shot%202016-09-14%20at%206.57.59%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/14/Screen%20Shot%202016-09-14%20at%206.57.59%20PM.png" alt="">
Victoria
VICTORIA CONTINUES TO GROW AT AN ABOVE- TREND PACE
<ul>
<li>The Victorian index suggests that the state’s economy is still expanding at a slightly above-trend rate, with the main driver of growth being the buoyancy of the labour market.</li>
<li>Unless the strength in the labour market translates into higher spending, we think that a significant improvement in the smoothed index is unlikely.</li>
<li>The underlying statistics suggest that the smoothed index will be little changed in August.</li>
</ul>
<a href="/images/2016/09/14/Screen%20Shot%202016-09-14%20at%206.58.34%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/14/Screen%20Shot%202016-09-14%20at%206.58.34%20PM.png" alt="">
Queensland
QUEENSLAND'S ECONOMY REMAINS WEAK
<ul>
<li>Queensland’s economic growth has been steadily decelerating over the past few months and is now well below trend. This means that the index has fully unwound the significant improvement in late 2015.</li>
<li>The fall in the smoothed index reflects a broad- based slowdown in the underlying series, with the weakness in the labour market being the prime driver.</li>
<li>The underlying data suggest to us that there is a risk that growth will stay weak in August.</li>
</ul>
<a href="/images/2016/09/14/Screen%20Shot%202016-09-14%20at%206.58.41%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/14/Screen%20Shot%202016-09-14%20at%206.58.41%20PM.png" alt="">
South Australia SOUTH AUSTRALIA IS NEAR TREND GROWTH
<ul>
<li>The smoothed index for the South Australia’s economy has risen further and is almost at the zero mark signifying trend growth.</li>
<li>The significant improvement in labour market conditions over the recent months has supported the rise in the smoothed index.</li>
<li>Meanwhile, the underlying data suggests to us some upside risks for growth in August.</li>
</ul>
<a href="/images/2016/09/14/Screen%20Shot%202016-09-14%20at%206.58.49%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/14/Screen%20Shot%202016-09-14%20at%206.58.49%20PM.png" alt="">
Western Australia
WESTERN AUSTRALIA’S SMALL GAIN PROVES SHORTLIVED
<ul>
<li>The recent small gain in the smoothed index for Western Australia has been unwound and the Stateometer remains close to the seven-year low reached in January, indicating well below trend pace growth.</li>
<li>The weakness in the underlying data is broadly based.</li>
<li>Based on the underlying data, we see little change in August.</li>
</ul>
<a href="/images/2016/09/14/Screen%20Shot%202016-09-14%20at%206.58.55%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/14/Screen%20Shot%202016-09-14%20at%206.58.55%20PM.png" alt="">
Tasmania
TASMANIA’S GROWTH BROADLY STABILISES AT A NEAR-TREND RATE
<ul>
<li>Tasmania’s economic growth has improved slightly over recent months and has stabilised at a rate that is just below trend.</li>
<li>As the labour market remains weak and slowed further in July, we see a risk that the earlier improvement may be partly unwound.</li>
</ul>
<a href="/images/2016/09/14/Screen%20Shot%202016-09-14%20at%206.59.03%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/14/Screen%20Shot%202016-09-14%20at%206.59.03%20PM.png" alt="">
Northern Territory
THE NORTHERN TERRITORY’S MOMENTUM CONTINUES TO IMPROVE
<ul>
<li>After reaching a five-year low in April, the territory’s smoothed index has improved slightly. This suggests to us that growth in the Northern Territory may have passed a turning point.</li>
<li>The more positive momentum has been driven by improvement in the labour and household sectors.</li>
<li>Reflecting the underlying data, we see little change in August.</li>
</ul>
<a href="/images/2016/09/14/Screen%20Shot%202016-09-14%20at%206.59.10%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/14/Screen%20Shot%202016-09-14%20at%206.59.10%20PM.png" alt="">
ACT
THE ACT'S GROWTH ACCELERATES
<ul>
<li>Economic activity in the Australian Capital Territory is growing at an above-trend rate and accelerated sharply in July, with the smoothed index being at its highest level since February 2011.</li>
<li>The key contributor to the improvement in the index remains the buoyancy in labour market conditions.</li>
<li>The underlying data suggest that the Stateometer will improve further in August.</li>
</ul>
<a href="/images/2016/09/14/Screen%20Shot%202016-09-14%20at%206.59.16%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/14/Screen%20Shot%202016-09-14%20at%206.59.16%20PM.png" alt="">
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