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

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EXPERT OBSERVER
New forecasts released today say new home building will fall by almost 50 per cent, putting half a million jobs at risk over the next year.
In 2018/19 the industry engaged over 1 million people to commence building almost 200,000 new homes. Next year we expect to start just 112,000 new homes leaving up to 500,000 jobs at risk.
The shock to the economy from the halting of overseas migration, the absence of student arrivals and uncertainty over the domestic economy will see the market at a lower point in December 2020, than it was during the 1990’s recession.
It will then continue to decline though 2021, even with the return of overseas students and migration.
This shock will reverberate through the residential building industry, up and down the supply chain. Employment in the sector is not expected to recover within the next two years.
The loss of the international students and migration creates a temporary imbalance in demand for rental accommodation. The 625,000 overseas students enrolled in Australian education institutions equates to demand for the past two years of apartment construction. It is not clear how many of these left in March or how many will return.
For the past 20 years Australia’s economic growth has been underscored by stable population growth.
The nature of this shock requires significant and ongoing support from policymakers in Australia and amongst our trading partners. The risk that insufficient support will produce a decade of deflation, depression and human hardship, is present.
This means that of all the concerns facing government right now, debt should not be at the top of the list.
JobKeeper plays a very important role in supporting workers directly impacted by industry shutdowns. The building industry has been fortunate to continue operating.
Many small builders will not be eligible for the program as the downturn will impact the sector most significantly from September 2020 when the majority of projects under construction are completed.
Restarting the economy and allowing students to return are also necessary steps to a full recovery.
Drawing forward housing demand can also play a role in alleviating the emerging shock to new home construction and the wider economy. Traditionally, Australia has done this through empowering consumers to build new homes.
With the caveat that there is a high degree of uncertainty around the outlook, the disruption to migration and the elevated rate of unemployment will weigh heavily on demand for residential building beyond 2020. In financial year terms, dwelling starts in 2019/20 are now expected to be down by 18.3 per cent compared with 2018/19, and starts are forecast to decline by a further 30.5 per cent in 2020/21.
If this transpires, the commencement of new homes will have fallen nearly 43 per cent from last year, to next.
Graham Wolfe is the Managing Director of the Housing Industry Association (HIA).
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j.ballantyne1990-6AQqhLzZaK

Half a million Australian jobs are at risk: HIA's Graham Wolfe

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The number of homes that commenced construction in Australia fell from 225,061 in 2018, to just 174,770 in 2019, according to the Housing Industry Association (HIA). 
This represents the second sharpest contraction ever experienced by the industry, only exceeded by that caused by the introduction of the GST. 
According to the HIA’s assessment, this contraction in in home building has played a major role in the slowing of the national economy.
“Despite this whopping contraction, we believe that the cycle had just about run its course and the overall housing market reached a turning point at the end of 2019, buoyed by interest rate cuts and house price growth,” said Tim Reardon, the association’s Chief Economist. 
A steadier rate of population growth means the pressure for new builds won’t, in the foreseeable future, reach the same fever pitch as they did in 2014 and 2018. 
An anticipated recovery in new home building is expected to be modest, with slow growth in coming years due to international factors. As a consequence, upward pressure on rents are predicted. 
“Unfortunately, international factors are likely to impact on the volume of home building in Australia over the medium term. The effects of trade and tourism restrictions with China pose a material downside risk to our forecasts. As these effects are still emerging we have not factored them into our forecasts,” Mr Reardon added. 
“If the impact on tourism and trade is short-term, and if the Australian Government’s infrastructure projects do finally flow through to work on the ground then Australia will continue its record run to 30 years of continuous economic growth.” 
HIA Economics predicts these dynamics to weigh more heavily on multi-unit rather than detached house construction. 
On average, during the 2014-2018 boom the industry was commencing construction on nearly 105,000 multi-unit homes per annum. HIA is forecasting that the industry will commence construction on 75,750 multi-unit homes in 2020/21, 77,390 in the following year and 80,980 in 2022/23.
They further predict that detached house construction will rise from 101,390 houses in 2020/21, to 102,750 houses in the following year and then to 104,350 in 2022/23.
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Housing Industry Association's Tim Reardon predicts slow recovery for home building

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New home sales bounced back in September to return to levels seen during the latter half of 2018, according to HIA Economist, Angela Lillicrap.
The HIA New Home Sales report – a monthly survey of the largest volume home builders in the five largest states – saw sales increase for the second consecutive month.
Sales were up by 5.7 per cent.
"Despite these lifts, they remain down by 1.5 per cent compared to the June 2019 quarter,” added Ms Lillicrap.
“This improvement in sales is a welcome reprieve from the steady decline that emerged in late 2018. It remains too soon to confirm that we have passed the bottom of the cycle, but this result does highlight that we are not likely to see further material falls in new home sales.
“The easing of APRA’s lending restrictions and the RBA’s rate cuts have started to have a positive impact on the new home market.
“With the addition of the Governments First Home Loan Deposit scheme likely to see an additional increase in first home buyer activity, we expect that the improvement in new home sales will be sustained,” concluded Ms Lillicrap.
Across the country, new home sales increased for the month in all the states except for New South Wales which declined by 12.1 per cent to be flat (-0.3 per cent) for the quarter. 
Victoria increased by 11.0 per cent, Queensland by 1.7 per cent, South Australia by 18.0 per cent and Western Australia increased by 13.6 per cent during September. These gains were not enough to offset earlier weak results with Queensland being the only state to experience a significant increase (+6.9 per cent) compared to the previous June quarter. 
Victoria declined by 4.7 per cent and South Australia by 5.4 per cent. New South Wales and Western Australia were relatively steady compared to the previous quarter, down by 0.3 and 1.0 per cent respectively.
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Confidence returning to housing market: HIA 

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The Housing Industry Association (HIA) welcomes the Federal Government’s focus on improving and reforming Australia’s Vocational Education and Training sector.
The VET sector provides the crucial pathway to growing and developing a skilled workforce for the residential building industry, strengthening the industry’s capacity to provide a roof over Australian’s heads. The benefits of a strong residential building industry have always flowed onto support the broader economy.
Guided by the Joyce Report into Australia’s VET sector, HIA’s is looking forward to the Federal Government engaging in a comprehensive consultation and review process.
Any steps to improve the operation of vocational education and training can hopefully enhance the interest of students in pursuing a career in the residential building industry.
HIA has provided comments this week to the Review of Australia’s Apprenticeship National Skills Needs List and we look forward to engaging with the Government in discussing positive ways forward for VET and its role in training our industry’s workforce.
Cooperation and consultation are the keys to walking a successful reform path. This must include the federal government, state and territory governments, industry, business and employers working collaboratively and building on COAG’s August commitment.
HIA looks forward to continuing a close engagement with all relevant parties to ensure the training pathways available to enter the residential building industry are clear and enticing.
HARLEY DALE is the HIA Executive Director – Skills and Industry Development
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HIA encourage government focus on VET sector: HIA's Harley Dale.

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Metricon Homes has been awarded the nation's number one builder by the Housing Industry Association (HIA).
They top the HIA-COLORBOND steel Housing 100 Report after making a total of 4,473 house starts across Victoria, Queensland, New South Wales and South Australia.
It was the fourth consecutive year the home building giant secured top spot.
Following in second and shooting up the list was Meriton, the nation's largest apartment builder, who jumped from ninth to second.
They started 3,288 dwellings. The ABN Group were third with 2,987 starts.
<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/2019/9/25/Largest%2020%20home%20builders%20HIA.jpg" alt="">
Overall dwelling construction has dropped by 15 per cent over the year.
The number of new homes constructed by the Housing 100 builders was smaller, falling six per cent.
The home building market was still strong in Melbourne despite a modest cooling for most of the year, while Sydney experienced a much stronger contraction in the number of new home starts.
There was a larger volume of new apartments commenced by the Housing 100 builders this year which is reflected in a growth in the number of apartment builders on the list.
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Metricon Homes named HIA's number one residential builder for fourth consecutive year

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HIA welcomed the Government’s introduction of the National Housing Finance and Investment Corporation Bill (NHFIC) providing a platform to establish the First Home Loan Deposit Scheme announced during this year’s Federal election.
The organisation believes that the introduction of legislation by the Treasurer, Josh Frydenberg, to support the home ownership aspirations for 10,000 first home buyers is a key milestone in delivering their election commitment.
HIA Managing Director Graham Wolfe said “The First Home Loan Deposit Scheme, scheduled to commence in January, addresses one of the greatest hurdles facing those enthusiastically saving to purchase their first home. Saving for a home deposit can take up to ten years or more."
The new First Home Loan Deposit Scheme will save an average first home buyer in Sydney, with less than 20 per cent deposit, an estimated tens of thousands of dollars over the life of their loan.
Mr Wolfe added, “The Government’s progress in bringing the Scheme to market is exciting news for first home buyers. “
"HIA also applauds the Government’s commitment to housing supply under NHFIC. Planning for the next 20 years of housing supply to match Australia’s population growth and demographic change, and funding the delivery of infrastructure to support new communities, requires national coordination and leadership."
“The Commonwealth Government has a key role in working with the states and territories to ensure that we can accurately forecast Australia’s housing and community based infrastructure challenges and manage the supply needed to meet the future demand,” Mr Wolfe concluded.
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First Home Loan Deposit Scheme will save first home buyers tens of thousands: HIA

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The commencement of new incentives to support apprentices in the residential building industry has been backed by an industry body. 
Kristin Brookfield, HIA chief executive, industry policy said several programs were announced in the 2019 federal budget to support young people move into residential building and other skilled trades.
“In particular the Additional Identified Skills Shortage (AISS) payment for employers and hosts of apprentices, and for apprentices themselves started on 1 July, with five of the ten trades included in the scheme being in residential building," Brookfield said. 
“Vocational education and training continues to be the cornerstone of Australia’s skilled labour force and new housing activity underpins much of our economic growth.
“Ensuring that Australia has the right quantity and quality of skilled tradespeople is critical to the ongoing success of Australia’s home building industry.
“While apprentice incentives offer one part of a solution, the existing systems for training the trades of the future continue to be challenged – to address new technology, to adopt changing apprenticeship models, to compete with other industries and to adapt to expectations of the next generation.
“HIA’s 9th Building Better Cities Summit Skills for tomorrow: Technology or training? to be held in Melbourne on 7 August 2019, will look at the changing nature of residential building and the training framework that underpins it.
"The Summit will open up the debate on how we can shape the industry’s workforce and be ready to build the homes of the future."
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New apprentice incentives provide timely support: HIA 

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EXPERT OBSERVER
First home buyers have kept Victoria at the top of the rankings in the HIA’s Housing Scorecard.
The HIA Housing Scorecard report presents analysis which ranks each of the eight states and territories based on the performance of twelve key residential building indicators.
Analysis in this edition of the HIA Housing Scorecard shows that Victoria is still supporting a strong level of building activity on the ground, despite a slowdown in the volume of new work entering the pipeline, added Mr Reardon.
First home buyers have been taking advantage of the improved affordability of homes.
The upside of the recent building industry cycle is that as activity levels have synchronised across the east and west coasts – and within each state - it has become easier for policy makers to coordinate policy settings.
National policy settings - including repeal of regulatory restrictions, lower interest rates and now income tax cuts - have shifted to encourage growth. The market now faces more consistent and appropriate regulatory settings across the economy which should, in turn, put a floor under the market downturn.
For much of the past decade there have been highly divergent market conditions between capital cities and even within each state. This has challenged policy makers who were attempting to cool the boom in Sydney and Melbourne markets and in doing so, inadvertently exacerbated the downturn in markets in Western Australia and Northern Queensland.
There is a convergence of conditions underway in the building industry as the markets in Sydney andMelbourne cool, meaning they have joined the resource intensive jurisdictions with more modest levels of building activity.
<img src="https://www.urban.com.au/images/2019/7/19/HIA%20.png" alt="">
TIM REARDON is the Chief Economist for HIA
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First home buyers Keep Victoria In top spot: HIA's Tim Reardon

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GUEST OBSERVATION
The agreement by Building Ministers to establish a national approach to the implementation of the Shergold-Weir Report will assist the building industry, governments and the community to move forward with greater certainty and provides a significant recognition that a nationally consistent approach to improve community confidence in the building system is needed.
Whilst each state needs to take on board the recommendations of the Shergold-Weir report in a way that suits their existing regulatory frameworks, it is important that the end result after implementation will essentially be to deliver a consistent approach to the way buildings are approved, to the way building professionals are held responsible and to providing greater certainty for building owners.
HIA called on Ministers to include in this approach consideration of the current disjointed professional indemnity insurance arrangements with a view to ensuring that once implemented building professionals can move back to a situation where they can obtain affordable and appropriate insurance coverage.
National guidance is needed to limit the introduction of exclusions which go beyond combustible cladding.
HIA was pleased to once again be part of the Industry Forum with the Building Ministers, and we look forward to the Ministers releasing more details on the national approach and an ongoing dialogue.
Kristin Brookfield is HIA Chief Executive Industry Policy.
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Agreement on national approach to combustible cladding building reforms an important step: HIA

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Another industry body has lent its voice to the growing calls for tax reform around stamp duty. 
HIA’s Stamp Duty Watch report is a regular review of policies and the latest developments in the states and territories around Australia.
Replacing stamp duty with a more predictable and equitable tax would provide state governments with a more reliable source of revenue, explained HIA Chief Economist, Tim Reardon.
“State governments have become increasingly dependent on stamp duty revenues,” said Reardon.
“Stamp duty is an unreliable source of revenue and the increased dependence makes states heavily susceptible to housing market downturns.
“In NSW the downturn in the property market is forecast to cost $10.6 billion in lost revenue over the forward estimates.
“In Victoria where the decline in house prices has been more modest, revenue from stamp duty has been revised down by $5.2 billion.”
The sharp drop in revenues highlights the vulnerability of state budgets, Reardon said.
“In 2018/19 stamp duty revenues made up over one-fifth of all taxation revenue raised in New South Wales, Victoria, Queensland and Tasmania,” he said.
“Victoria has the highest dependency on stamp duty revenues closely followed by NSW.
“The ACT, which is seven years into an ambitious 20-year tax reform program to replace stamp duty, has the lowest dependence on stamp duty.
“It makes up only 13% of total taxation revenue.
“Alternative broad-based tax measures could deliver a more consistent and reliable revenue stream.”
<a href="https://www.propertyobserver.com.au/images/2019/7/4/nsw%20budget.jpg" target="_blank">Click here </a>to enlarge: 
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