<p>Repeat buyers are one of the strongest measures of confidence in any apartment development.</p>

<p>At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.</p>

<p>Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.</p>

<p><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/FH_1EzB-1vs?si=XScVlP1ERsTDJoME" title="YouTube video player" width="560"></iframe></p>

<p>"I had some boxes I wanted to tick," he says.</p>

<p>Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.</p>

<p>“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.</p>

<p>He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.</p>

<p>[smartcode_project:default project_id=135096 project_image_fid=356818]</p>

<p>After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.</p>

<p>"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."</p>

<p>Today, Keith says the move has completely changed how he experiences Newcastle.</p>

<p>"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."</p>

<p>[smartcode_project:default project_id=135096 project_image_fid=356828]</p>

<p>Beyond the location, he says it's the sense of community that has surprised him most.</p>

<p>"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."</p>

<p>For Aimee and Lyle Goodman, the journey started almost by chance.</p>

<p><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/tsioMLcnjas?si=zq-ys3JuWpfa5hFv" title="YouTube video player" width="560"></iframe></p>

<p>The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.</p>

<p>"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."</p>

<p>As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.</p>

<p>"We actually catch up more as a family now," Aimee says.</p>

<p>"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."</p>

<p>[smartcode_project:default project_id=135096 project_image_fid=356829]</p>

<p>Lyle says their confidence came from GWH's reputation within Newcastle's building industry.</p>

<p>"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."</p>

<p>That confidence only grew throughout the buying process.</p>

<p>"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."</p>

<p>[smartcode_project:default project_id=135096 project_image_fid=351104]</p>

<p>Aimee says one moment stood out.</p>

<p>"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."</p>

<p>The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.</p>

<p>Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.</p>

<p>[smartcode_project:default project_id=135096 project_image_fid=356822]</p>

<p>ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;</p>

<p>Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;</p>

<p>The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.</p>

<p>[smartcode_project:default project_id=135096 project_image_fid=356826]</p>

<p>For Keith, the appeal remains straightforward.</p>

<p>"You feel at home even before you've moved into your home."</p>

<p>For Aimee, the change is measured in time.</p>

<p>“I just felt like I had more time,” she says.</p>

<p>[smartcode_project:default project_id=135096 project_image_fid=351102]</p>

<p>Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.</p>

<p>ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.</p>

<p>[smartcode_project_cta:default project_id=135096]</p>


Joel Robinson

From ONE to ERA: Why buyers are choosing GWH again in Newcastle West

<p>Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.</p>

<p>Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.</p>

<p>"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.</p>

<p>"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."</p>

<p>[smartcode_project:default project_id=4661 project_image_fid=372549]</p>

<p>Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.</p>

<p>"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.</p>

<p>The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."</p>

<p>[smartcode_project:default project_id=4661 project_image_fid=314259]</p>

<p>Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.</p>

<p>According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.</p>

<p>Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.</p>

<p>[smartcode_project:default project_id=4661 project_image_fid=372550]</p>

<p>Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.</p>

<p>The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.</p>

<p>The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.</p>

<p>"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."</p>

<p>The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.</p>

<p>With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.</p>

<p>[smartcode_project_cta:default project_id=4661]</p>


Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

<p>Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.</p>

<p><a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.</p>

<p>The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.</p>

<p>Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.</p>

<p>Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.</p>

<p>[smartcode_project:default project_id=102717 project_image_fid=355297]</p>

<p>The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.</p>

<p>Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.</p>

<p>"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.</p>

<p>The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.</p>

<p>[smartcode_project:default project_id=102717 project_image_fid=355293]</p>

<p>The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.</p>

<p>According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.</p>

<p>The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;</p>

<p>Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;</p>

<p>[smartcode_project:default project_id=102717 project_image_fid=355303]</p>

<p>The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.</p>

<p>"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.</p>

<p>"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."</p>

<p>[smartcode_project:default project_id=102717 project_image_fid=355304]</p>

<p>Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.</p>

<p>Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.</p>

<p>[smartcode_project_cta:default project_id=102717]</p>


Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

<p>New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.</p>

<p>It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.</p>

<p>With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.</p>

<p>The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.</p>

<p>Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.</p>

<p>[smartcode_project:default project_id=5743 project_image_fid=372394]</p>

<p>Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.</p>

<p>"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.</p>

<p>"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."</p>

<p>[smartcode_project:default project_id=5743 project_image_fid=953]</p>

<p>Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.</p>

<p>Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.</p>

<p>That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.</p>

<p>[smartcode_project:default project_id=5743 project_image_fid=925]</p>

<p>Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.</p>

<p>Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.</p>

<p>"The Lennox is where aspirational living becomes attainable," Hamblett said.</p>

<p>"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."</p>

<p>Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.</p>

<p>"At The Lennox, lifestyle is not an afterthought, it is the foundation."</p>

<p>[smartcode_project:default project_id=5743 project_image_fid=5374]</p>

<p>The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.</p>

<p>Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.</p>

<p>That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.</p>

<p>"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."</p>

<p>[smartcode_project_cta:default project_id=5743]</p>


The apartment price gap drawing Sydney buyers west

<p>A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.</p>

<p>The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.</p>

<p>The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.</p>

<p>The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.</p>

<p>Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.</p>

<p>"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.</p>

<p>"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."</p>

<p><img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" /></p>

<p>Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.</p>

<p>Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.</p>

<p>Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.</p>

<p>"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.</p>

<p>"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."</p>

<p>Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.</p>

<p>Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.</p>


Rainbow Bay apartment doubles in price since off the plan sale during pandemic

House And Land

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<p>Jess and Ayden from The Block will be giving their tips and tricks on building and designing a dream home at the South Ripley Providence HomeExpo Festival later on this month.</p>
<p>The Ipswich Valley home expo, to be held in South East Queensland on the weekend of August 22-23, is complete with 24 homes on display.</p>
<p>Metricon, Plantation Homes, Stylemaster, Ausbuild, Bold Properties, Burbank, Simonds, Hotondo Homes and Planbuild Homes will be featured.</p>
<p>Providence project director, Michael Khan said the Providence Home Expo will consist of 24 of the latest home designs by the leading builders and people will be able to walk through these homes and visualise their new lives in Ripley Valley.</p>
<p>Providence is being developed across 670 hectares, roughly three times the size of Brisbane’s CBD land mass.</p>
<p>For more information, <a href="https://www.providenceripley.com.au" target="_blank">click here</a>. </p>
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mick.cee-iDmgDDAmu8

Jess, Aiden from The Block set for Ipswich Valley Providence HomeExpo

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<p><span>The Commonwealth Bank of Australia plans to introduce restrictions on lending to first-home buyers and investors for property purchases in greenfield housing estates.</span></p>
<p><span>The bank has advised brokers that the approval of finance for buyers of land lots would be delayed until all preliminary work on the project has been completed.</span></p>
<p><span>Developers now worry that the plan will have an adverse impact on the housing sector in the outer suburbs of Australia’s capital cities.</span></p>
<p><span>The Commonwealth Bank of Australia plans to tighten conditions for loans to new housing developments, where in a presentation to brokers, seen by The <em>Australian Financial Review</em>.</span></p>
<p><span>It noted presentation to brokers, marked "confidential", will restrict pre-sales of houses and likely put further pressure on prices by limiting the supply of houses.  </span></p>
<p><span>Currently many developers have to pre-sell many lots on a planned site before a bank will lend money needed to start earthworks and install water, sewerage and electricity services.</span></p>
<p><span>The <em>AFR</em> says investors account for as much as 45% of buyers in new housing developments.</span></p>
<p><span>"There is no justification for cutting off the credit tap for new residential development," said Harley Dale, the HIA's chief economist.</span></p>
<p><span>"It would be very concerning at this point in time if it became more difficult for people to get into a new home, which is the end issue here."</span></p>
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jchancellor-FAypfDUnLy

CBA to restrict greenfield house and land lending

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<p><span style="line-height: 1.3em;">All 46 lots offered in the final release of Mirvac's Schofields master-planned development were sold out on the weekend.</span></p>
<p><span>More than 700 people registered interest in the blocks, which started at $399,900 for a 324-square-metre block.</span></p>
<p><span>Some were offered as house-and-land packages starting at $670,500 in the <a href="https://theavenue.mirvac.com/" target="_blank"><span>393-lot development</span></a>.</span></p>
<p><span>Six new home designs were launched at <a href="https://theavenue.mirvac.com/about/overview/" target="_blank"><span>The Avenue </span></a>in late June 2015.</span></p>
<p><span>Mirvac's head of residential, John Carfi, said The Avenue was set within the government's north-west growth sector which has benefited from investment in infrastructure including the Schofields train station, new schools and roads.</span></p>
<p><span>"The Avenue blends the peace of rural tranquility with the convenience and rich amenity of an established urban neighbourhood," the marketing suggested. </span></p>
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 Sellout in Schofields on The Avenue

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<p>ASIC has commenced proceedings in the Victorian Federal Court against land banker company administrators, David Anthony Ross, Richard Albarran and the landbanking company, Midland HWY Pty Ltd (Midland HWY) (administrators appointed).</p>
<p>Messrs Ross and Albarran, of Hall Chadwick Chartered Accountants, are the current appointed administrators of the controversial land bankers, Midland HWY.</p>
<p>But the administrator appointment on July 14 has become the subject of ASIC's proceeding in which ASIC seeks their removal as administrators or to invalidate the first meeting of its creditors held on July 14.</p>
<p>Midland HWY had previously appointed Messrs Nicholas John Martin and Craig David Crosbie of PPB Advisory as joint and several administrators, just two weeks earlier.</p>
<p>Prior to being placed into voluntary administration on 2 July 2015, Midland HWY was the developer of a land banking scheme known as, Hermitage Bendigo (formerly, 'Acacia Banks'), located just outside of Bendigo, Victoria.</p>
<p>"ASIC is concerned that the appointment of Messrs Ross and Albarran, as replacement administrators to Midland HWY, occurred in circumstances where many investors in Hermitage Bendigo, who may also be creditors, were not given notice of the first meeting of creditors," ASIC advised.</p>
<p>The matter is set down for hearing on August 3, 2015.</p>
<p>The financial advisor Scott Pape, known as the Barefoot Investor, <a href="/news/scott-pape-warns-about-central-victoria-land-banking-paddock-speculation">warned investors last year not to lured by spruikers into speculatively buying rural zoned land his central Victorian district</a>.</p>
<p>The land banking process involves paying a $40,000 option on a portion of a larger rural parcel of land in anticipation of residential zoning.</p>
<p>In seven to 10 years' time the buyer has the option to buy or sell it, and supposedly make capital gains after rezoning success by the property spruiking investment firms.</p>
<p>"The mob behind this have reportedly been selling options on paddocks around my home town of Bendigo," Pape told his <em>Herald Sun</em> readers.</p>
<p>"I think it’s a giant, steaming, dog turd of a deal," he advised.</p>
<p>Last year the Urban Development Institute of Australia chief executive Tony De Domenico warned buyers to be careful about paying for options or reservation fees on land that ultimately may or may not be developed.</p>
<p>Hermitage Bendigo has been loosely aligned with longtime notorious property spruikers.</p>
<p>Last month the Australian Securities and Investment Commission told members of the Senate Economics Legislation Committee they were "making inquiries" into land-banking schemes involving millions of dollars from mum and dad investors.</p>
<p>Land banking spruiking has been also marketed in outer western Melbourne, Ballarat and Wallan.</p>
<p>Buying land, not houses was pushed as the most suitable investment strategy by the marketeering companies for the mum ands dad investors.</p>
<p><span style="font-size: 12.1599998474121px; line-height: 1.3em;">It used options to buy land as opposed to borrowing money and paying interest on the land for a decade or more waiting for it to rise.</span></p>
<p><span style="font-size: 12.1599998474121px; line-height: 1.3em;">“Especially if you can use ‘property options’ to avoid borrowing, it means you get all the upside of capital growth without any interest repayments or holding costs or the need to beg a bank to loan you money,” was the pitch.</span></p>
<p>Buyers were told that if they were able to secure an option over a future lot of land worth $150,000 today, in ten years time they could expect the land to be worth $300,000 or more of in a fast growing area.</p>
<p><span style="font-size: 12.1599998474121px; line-height: 1.3em;">“A great idea to action now, for children to lock in property at today’s prices. </span></p>
<p><span style="font-size: 12.1599998474121px; line-height: 1.3em;">"Or you can resell the option for a handsome profit and never need to buy the land as it has intrinsic value.</span></p>
<p>“The best thing about property options means you aren’t obligated to buy i.e. as they are simply call options, you have no risk and can walk away at any time.</p>
<p>“Plus if the option is by a legitimate supplier, they will offer a 100% money back guarantee if the worse should happen and the development doesn’t proceed, secured by the land development itself.</p>
<p>“These quality 100% money back property options secured by real estate are becoming highly sought after products for savvy investors."</p>
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ASIC moves on Hermitage Bendigo land banking scheme administrators

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<p>Retailing businessman Gerry Harvey has bought Ardgour at Bundella, 435km northwest of Sydney.</p>
<p>The 1750ha farm, Ardgour comes with about 500 Angus cattle across 18 paddocks - originally part of Bundella Station. </p>
<p>Ardgour is a very well known and well respected grazing property, situated in the sought after foothills of the Liverpool ranges, west of the townships of Willow Tree and Quirindi, southwest of the regional city of Tamworth, and south of the township of Gunnedah.</p>
<p><a href="https://www.meares.com.au/property/ardgour/gallery/ardgour.htm" target="_blank">Chris Meares of Meares &amp; Associates</a> marketed the farm as in the area renowned for its scenic and sheltered valleys, rich basalt soils and above average annual rainfall.</p>
<p>The property was last traded in the 1970’s.</p>
<p>A feature of Ardgour is the spacious four bedroom homestead.</p>
<p>The buinessman is seeking a tenant who will live in a four-bedroom 1900 stone and weather­board homestead built, but the farm will be run by Ardgour’s long-time manager Jim Kerr, who lives in a separate house on the property in the foothills of the Liverpool Range.</p>
<p>Gerry Harvey offered the homestead for just $100 a week, as long as they promise to keep the house in order and do some gardening.</p>
<p>“I’ve got this great big house and if nobody lives in it it’ll go under, and I can’t live in it, so I thought someone might want to rent their house in Sydney for $600 or $700 a week and come and look after it and do the ­garden,” Mr Harvey told The Australian.</p>
<p>Gerry Harvey fielded more than 80 inquiries after an ­exchange on radio with 2GB broadcaster Ray Hadley and John Singleton about the farm.</p>
<p>“Whoever gets this place, Katie has to interview them to make sure they are nice people, we want nice people.”</p>
<p>The property was sold by the executors of the estate Late John Hudson to Gerry Harvey on a ‘walk in walk out” basis, for an undisclosed price.</p>
<p>Chris Meares, for the marketing agents Meares and Associates commented that Harvey's interest in the beef industry had led to his purchase of Ardgour.</p>
<p>"Over the years he has been a key supplier of Wagyu beef in to the Japanese market," Chris Meares said.</p>
<p>"With its suitability for breeding quality cattle and its closeness to feedlots, Harvey sees Ardgour as an ideal property to produce Wagyu cross calves for this market.”</p>
<p>The property was purchased by the Hudson family in the 1970s.</p>
<p>Hugh Brownhill, for Meares and Associates, added Harvey had purchased the impressive Angus cow herd which has produced sale yard highs in recent weaner sales with its steer calves selling in excess of $900 per head.</p>
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Gerry Harvey's Ardgour homestead for rent on the Liverpool Range

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<h3 class="post-title entry-title"><strong style="color: #333333; font-family: Tahoma, Helvetica, Arial, sans-serif; font-size: 12px; line-height: 1.3em;"><span style="text-decoration: underline;">Consumption and deleveraging</span></strong></h3>
<div id="post-body-7004125540055073165" class="post-body entry-content">
<div> </div>
<div>An interesting speech from Dr. Christopher Kent, Assistant Governor of the Reserve Bank of Australia (RBA) in Canberra.</div>
<div> </div>
<div>The speech noted that household consumption has responded to low interest rates since 2013, but in a less strong manner than might have been expected.<br><br>Let's take a look at three of the main observations raised...<br><br><strong><span style="text-decoration: underline;">Part 1 - The balance sheet and wealth channels ("aka. Equity withdrawal, mate")</span></strong>
</div>
<div> </div>
<div>One of the drivers for a less strong consumption response through this cycle has been the diminished role of housing equity withdrawal.</div>
<div> </div>
<div>In the first half of the 2000s households withdrew significant equity to finance their consumption, but this no longer appears to be occurring on such a widespread basis, according to the Reserve Bank's data.</div>
<div> </div>
<div>In fact in recent years household net spending on assets has exceeding borrowing.</div>
<div> </div>
<div class="separator"><img src="https://1.bp.blogspot.com/-B1H_R0K_1UU/VX692piqWgI/AAAAAAAAWIA/fZS-HIftYAY/s400/RBA1.jpg" width="365" height="400"></div>
<div class="separator"> </div>
<div class="separator">The evidence here suggests that the so-termed "wealth channel" - rising household wealth boosting consumption - has not been as effective to date as in cycles past.</div>
<div class="separator"> </div>
<div class="separator"><strong><span style="text-decoration: underline;">Part 2 - The cash-flow channel - household balance sheets and buffers</span></strong></div>
<div class="separator"> </div>
<div class="separator">Of course, it is well known that Australian households are net borrowers on average. </div>
<div class="separator"> </div>
<div class="separator">However, the RBA's figures also show that while households' interest earning assets (such as bank deposits) have risen strongly as a share of disposable income over recent years - even exclusive of superannuation - interest bearing liabilities have not.</div>
<div class="separator"> </div>
<div class="separator">In fact, household liabilities as a share of household disposable incomes have been steady for some years now.</div>
<div class="separator"> </div>
<div class="separator"><img src="https://1.bp.blogspot.com/-ZUlS798T_sM/VX6_I-lCS6I/AAAAAAAAWIo/JSStEaFE5C0/s400/RBA6.jpg" width="365" height="400"></div>
<div class="separator"> </div>
<div class="separator">How so? This is thanks in part to record low borrowing rates, with aggregate mortgage buffers apparently soaring to record levels and many households evidently electing to pay down their debt faster, known as "deleveraging".</div>
<div class="separator"> </div>
<div class="separator">I believe that this is in part due a mechanism whereby mortgage repayments are held steady even in the event of downward adjustments to interest rates on variable rate products, something which is perhaps unique to Australia.</div>
<div class="separator"> </div>
<div class="separator">Average mortgage prepayments are rapidly approaching an incredible 30 months, while as a share of housing loans outstanding aggregate mortgage buffers have soared to well over 15 per cent, which is remarkable if true.</div>
<div class="separator"> </div>
<div class="separator">In short, through this interest rate easing cycle more households appear to have moved further ahead on their mortgage repayments.</div>
<div> </div>
<div class="separator"><img src="https://3.bp.blogspot.com/-_GJEDSZ7SqE/VX692rQKzvI/AAAAAAAAWIE/9XIu_L5yvgE/s400/RBA2.jpg" width="400" height="336"></div>
<br><div class="separator">It is often said that Australians are holding "record high" household debt, but the Reserve Bank charts claim that this fails to acknowledge the increasing role of offset accounts and investor credit.</div>
<div> </div>
<div>When offsets and credit are included in the statistics household credit as a percentage of household income has actually declined by 4 percentage points over the past half decade, noted Dr. Kent.</div>
<br><div class="separator"><img src="https://1.bp.blogspot.com/-ylZP5atiPzc/VX693VMvFDI/AAAAAAAAWIM/zo96JKlK40g/s400/RBA4.jpg" width="372" height="400"></div>
<div class="separator"> </div>
<div class="separator"><strong><span style="text-decoration: underline;">Part 3 - The supply side</span></strong></div>
<div class="separator"> </div>
<div class="separator">As is typical, dwelling construction, being the most interest rate sensitive sector of the Australian economy, is responding strongly to easier monetary policy, with building approvals now at their highest level on record and dwelling investment up by 9 per cent over the past year.</div>
<div class="separator"> </div>
<div class="separator">This will likely put downward pressure on apartment rents and prices in some regions.</div>
<div class="separator"> </div>
<div> </div>
<div>However, one eminent challenge is that the supply of greenfield land in the Sydney region (inclusive of Newcastle and Wollongong) in particular, and also in south-east Queensland (Brisbane, Gold Coast, Sunshine Coast), has plummeted to extremely low levels, which is putting significant upwards pressure on land values.</div>
<div> </div>
<div>In Sydney the stock of suitable sites for apartments has been depleted too in recent years.<br><br>With a dearth of suitable sites to build either houses or apartments, the Reserve notes the risk of a material spike in dwelling prices caused by the inadequate supply.</div>
<div class="separator"><img src="https://4.bp.blogspot.com/-4HOM_XSDTV0/VX692otsOCI/AAAAAAAAWII/ktRH_sGI00Y/s400/RBA3.jpg" width="386" height="400"></div>
<div class="separator"> </div>
<div class="separator"><span>A parallel challenge is that with the residential construction industry pushing towards full capacity, this is likely to result in inflation of land and construction work, potentially "<em>pushing up the prices of new and existing dwellings, </em><span><em>via increases in land prices, construction wages, developers' margins or some combination of all three</em>"</span>.</span></div>
<div class="separator"> </div>
<div class="separator">While labour shortages have not bitten particularly hard to date despite some skills shortages arising, rising demand for building materials has already pushed the rate of inflation for new dwelling costs fully two points above its average for the inflation-targeting period (i.e. since 1993).</div>
<div class="separator"> </div>
<div class="separator">This is somewhat agitating since the residential construction boom is still in its infancy, relatively speaking.</div>
<div class="separator"> </div>
<div>Furthermore, alterations and additions (i.e. major renovations work) could easily pick up further, further accentuating materials shortages.</div>
<div class="separator"> </div>
<div class="separator"><strong><span style="text-decoration: underline;">The wrap</span></strong></div>
<div class="separator"> </div>
<div class="separator">Dr. Kent's speech concluded that consumption has picked up in Australia since 2013, and monetary policy is working as it should, to some extent.</div>
<div class="separator"> </div>
<div class="separator">However, many households are also electing to pay down their debts faster, and this is having some dampening effect on the strength of the consumption response experienced to date.</div>
<div class="separator"> </div>
<div class="separator">
<em>PETE WARGENT is the co-founder of <a href="https://allenwargent.com/" target="_blank" rel="nofollow">AllenWargent</a> property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank" rel="nofollow">blogger</a>.</em><br><p><em>His latest book is <a href="https://www.bigskypublishing.com.au/Books/General-Interest/Four-Green-Houses--and-a-Red-Hotel/1015/productview.aspx" target="_blank" rel="nofollow">Four Green Houses and a Red Hotel</a>.</em></p>
</div>
</div>
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RBA suggests squeezed land supply could spike prices: Pete Wargent

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<p>Australia's most expensive residential land market is the Richmond-Tweed region in New South Wales.</p>
<p>The latest HIA-CoreLogic RP Data Residential Land Report provided by the Housing Industry Association and CoreLogic RP Data, signals a growing divide between demand and available supply in vacant residential land.</p>
<p>“The number of residential land sales fell by 11.8% over the year to the December 2014 quarter,” said HIA chief economist, Harley Dale.</p>
<p>“In contrast, the weighted median residential land value increased by 2.8% in the December 2014 quarter to be up by 6.3% over the year.</p>
<p>“The increase in the weighted median value was driven primarily by Sydney, with significant growth also evident for Perth and Melbourne. As with all aspects of this housing cycle, there are wide divergences in land market conditions around the country – this is clearly evident across the six capital cities and 41 regional areas covered in the Residential Land Report.</p>
<p>“There is insufficient shovel-ready land in some markets and this is placing undue upward pressure on residential land values. Construction of detached houses looks to be peaking for the cycle, but there is unrealised demand out there because of that lack of readily available and affordable land."</p>
<p>According to CoreLogic RP Data research director, Tim Lawless, the number of vacant residential land sales has been trending lower since mid-2013 and concurrently, median land prices have been rising to new record highs.</p>
<p>“The opposing trends are a clear sign that demand is outweighing supply which is pushing land prices higher.</p>
<p>"Higher land prices ultimately lead to less affordable homes - it is the high cost of vacant land which significantly contributes to the increasing cost of housing.</p>
<p>"Ideally we should be seeing more land brought to the market and sold during this period of low borrowing costs.” </p>
<p><img src="/images/2015/04/21/hia-april-21-one.jpg" alt=""></p>
<p>Australia's least expensive land markets can be found in the South East region of South Australia, and the Mersey-Lyell and Southern regions of Tasmania.</p>
<p><img src="/images/2015/04/21/hia-april-21-two.jpg" alt=""></p>
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Australia's most expensive (and cheapest) regional land markets

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<p><span lang="EN-GB">The Royal Children’s Hospital secured $646,000 after Henley and Villawood Properties offered an auction property proceeds towards the hospital’s Good Friday Appeal.</span></p>
<p><span style="line-height: 1.3em;">The property property was at Villawood Properties’ Trillium community in Mickleham.</span></p>
<p><span style="line-height: 1.3em;">There was spirited bidding for the award winning Henley Sahara Belle Q1 home</span><span style="line-height: 1.3em;"> at the no reserve auction where all proceeds were donated to the hospital. <br>A range of suppliers, including Austral Bricks, Hisense, Deckable Decking, All Green Nursery all donated their services or materials towards the home.</span></p>
<p><span style="line-height: 1.3em;">Villawood Properties executive director Rory Costelloe said he was</span><span style="line-height: 1.3em;"> absolutely thrilled with the result.</span></p>
<p><span style="line-height: 1.3em;">"It’s the culmination of a great collective effort and to see the home bought by a lovely couple, who already live in one of our communities and are set to start their family makes it even more gratifying.” </span></p>
<p><span style="line-height: 1.3em;">The winning bidders were Sila and Martha Mataia, who are residents of another Villawood Properties community, Aspire in Plumpton.</span></p>
<p><span style="line-height: 1.3em;">They are awaiting the birth of their first child.</span></p>
<p><span style="line-height: 1.3em;">As in previous years, Villawood Properties donated a block of land with Henley building a brand new home.</span></p>
<p><span style="line-height: 1.3em;">Henley’s 22 </span><span style="line-height: 1.3em;">years of involvement with the Good Friday Appeal has seen around $12 million raised for The Royal Children’s hospital, <span>said Nicole Nightingale, Henley philanthropy manager</span>.</span></p>
<p><span style="line-height: 1.3em;">It was a four bedroom, three bathroom house set on a 448 square metre plot in Villawood Property's </span><a href="https://trillium.villawoodproperties.com.au/" target="_blank" style="line-height: 1.3em;">Trillium development at Mickleham</a><span style="line-height: 1.3em;">, in Melbourne's north.</span></p>
<p>The double storey house has five living areas and opens through timber stacking doors to an outdoor entertaining space with merbau decking.</p>
<p>The kitchen includes a walk-in butler's pantry and a 900mm cooktop, twin wall ovens and a built in coffee machine, as well as a dishwasher. It also includes Caesarstone benchtops, as do the bathrooms and en suite.</p>
<p><span style="line-height: 1.3em;">The home was marketed by Alex Kundevski and Troy Apostolopoulos of Oliver Hume. </span></p>
<p>The <a href="https://www.henley.com.au/new-home-collections/clendonvale/sahara-series/belle-q1" target="_blank">Sahara Belle Q1</a> house usually costs $297,900 (not including land). The Trillium development is located 32 kilometres north of the Melbourne CBD, just north of Craigieburn. Last year, <a href="/news/henley-and-villawood-team-up-again-for-good-friday-appeal-children-s-charity-house-auction-offering">Henley and Villawood raised $717,000</a> for the Good Friday Appeal when they auctioned off a house in the Aspire community in Plumpton. </p>
<p>This Easter marks the Good Friday Appeal's 85th year of contribution to the Royal Children's Hospital.</p>
<p>{qtube vid:=TJa72CWPayY}</p>
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Henley and Villawood combine again in Royal Children's Hospital Good Friday charity auction generosity 

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<p>All 50 lots at Breen Property’s Shearwater Landing have now sold in the stage one offerings.</p>
<p><span style="line-height: 1.3em;">The 44 hillside lots, ranging in size from 560 square metre to 1,109 square metre, were sold for between <span>$950,000 to $1.55 million.</span></span></p>
<p>All 50 available lots at Shearwater Landing, have now sold in stage one f<span style="line-height: 1.3em;">ollowing on from the success earlier this month when six auction lots sold ranging in prices from <a href="/expert-insights/building/beach-building-blocks-at-2-2-million-plus-sellout-at-shearwater-landing-greenhills-beach-auction">$2.2 million to $2.65 million</a> through </span><span style="line-height: 1.3em;">Nigel Napoli at Savills Residential Projects .</span></p>
<p><span style="line-height: 1.3em;">Nigel Napoli noted "not even the NSW State Election kept buyers away."</span></p>
<p><span style="line-height: 1.3em;">“Throughout the entire day there was a flow of couples and families, all eager to sign on the dotted line.” </span></p>
<p><span style="line-height: 1.3em;">Napoli added Savills had been working with clients since the initial pre-registration campaign in 2013</span></p>
<p><span style="line-height: 1.3em;">The next release of Shearwater Landing will be the auction of 12 ocean view lots in mid-May, followed by 14 hillside lots which will be sold via an expressions of interest campaign. </span></p>
<p><span style="line-height: 1.3em;">Shearwater Landing, Sydney’s newest beachside suburb, is a master-planned development with a total of 160 torrens title lots within a master-planned, landscaped residential precinct o</span><span style="line-height: 1.3em;">verlooking the Pacific at Greenhills Beach, some 30 to 40 minutes south of the Sydney CBD.</span></p>
<p><span style="line-height: 1.3em;"> </span></p>
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Latest Shearwater Landing land sellout at Greenhills Beach

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<p>A house in the Trillium Estate will be auctioned off for this year's Royal Children's Hospital Good Friday Appeal.</p>
<p>The Sahara Belle Q1 house by Henley Properties will be sold with all proceeds going <a href="https://www.gfacharityhouse.com.au/#charity-auction" target="_blank">towards the appeal</a>.</p>
<p>No reserve will be set at the auction of the four bedroom, three bathroom house. The home, set on a 448 square metre plot in Villawood Property's <a href="https://trillium.villawoodproperties.com.au/" target="_blank">Trillium development at Mickleham</a>, in Melbourne's north.</p>
<p>The double storey house has five living areas and opens through timber stacking doors to an outdoor entertaining space with merbau decking.</p>
<p>The kitchen includes a walk-in butler's pantry and a 900mm cooktop, twin wall ovens and a built in coffee machine, as well as a dishwasher. It also includes Caesarstone benchtops, as do the bathrooms and en suite.</p>
<p>There is timber flooring throughout some living areas, with carpeted bedrooms.</p>
<p>The house also includes ducted refrigerated air-conditioning and 5 star zoned heating.</p>
<p>It will be auctioned on Good Friday, 3 April at 2pm at 16 Melody Way, Mickleham. The home is being marketed by Alex Kundevski and Troy Apostolopoulos of Oliver Hume. It will be open for inspection from 5pm til 6pm on Wednesday 25 April.</p>
<p>The auction event will include appearances from Channel 7 personalities and a sausage sizzle hosted by the CFA. A range of suppliers, including Austral Bricks, Hisense, Deckable Decking, All Green Nursery all donated their services or materials towards the home.</p>
<p>The <a href="https://www.henley.com.au/new-home-collections/clendonvale/sahara-series/belle-q1" target="_blank">Sahara Belle Q1</a> house usually costs $297,900 (not including land). The Trillium development is located 32 kilometres north of the Melbourne CBD, just north of Craigieburn. Last year, <a href="/news/henley-and-villawood-team-up-again-for-good-friday-appeal-children-s-charity-house-auction-offering">Henley and Villawood raised $717,000</a> for the Good Friday Appeal when they auctioned off a house in the Aspire community in Plumpton. </p>
<p>This Easter marks the Good Friday Appeal's 85th year of contribution to the Royal Children's Hospital.</p>
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