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

Joel Robinson

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

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

[smartcode_project_cta:default project_id=152737]

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
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Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

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

Maréa Residences brings parkside apartments to Coolangatta

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

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

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

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

Investment Property

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SPONSORED POST
If the wealth of lifestyle TV shows proves one thing, it’s that good presentation means extra dollars when it comes time to sell or rent your investment property.
Professional cleaning is one of the cheapest and easiest improvements you can make and it delivers a big bang for your buck when you want to make a good market impression, according to James’ Home Services, one of Australia’s leading residential cleaning companies. 
CEO Mike Dowling said: “When you are coming up to finalise a sale, you are faced with the everything from legal issues to building inspections. There’s no doubt cleaning is one of the easiest jobs you can offload to the professionals.
“But professional cleaning offers much bigger benefits for property owners that just saving them time.
“Most buyers look for a property they can move into straight away and pristine presentation gives them confidence that the rest of the property is in good repair.
“Tenants too will often pay a premium for spotless presentation. If you’re in a competitive market, they will choose clean, fresh premises over similar accommodation that isn’t as well presented. It also means you are more likely to attract the best tenants.” 
Mr Dowling said keeping on top of maintenance was essential for happy tenants and an important consideration when it came to insurance too, as insurers often refused to pay claims if poor maintenance was thought to be a contributor.
“Overflowing gutters, for example, can lead to roof leaks, poor cleaning can shorten the life of expensive appliances like air conditioners and ovens, dirty exhaust fans can encourage moisture build up and mould, and a green pool is a real turnoff, so it’s essential to take care of these things regularly,” he said.
“Professional cleaners have the skill and equipment to do the work to a better standard and in a fraction of the time than property owners can do themselves - so it makes good business sense.” 
When you consider that total office investment sales volumes for 2015/16 were $15.91 billion and 500,000 homes change hands each year in Australia, that is a lot of homes and offices that need to be spruced prior to sale.
Fortunately for property buyers and sellers, arranging end of lease and pre-sale cleans has never been easier.
“I’ve been in the cleaning industry for almost a quarter of century and know that I have some of the most skilled people in the industry out there in the field,” said Mr Dowling, who purchased James’ Home Services in October 2015.
“Most professional cleaning services will back their work. Our Gold Medal Service Guarantee is one of the best because we ensure you can speak to a real person who can identify your needs and the service you require, organise a free quote at a time that best suits you and we turn up when we say we will every time. We also offer a 7 Day workmanship guarantee so if you’re not satisfied, we will come and fix for no extra cost.
“James’ Home Services is dedicated to delivering results that are step above the rest and are determined to deliver professional results in every aspect of our business.”
Visit <a href="https://www.jameshomeservices.com.au" target="_blank">www.jameshomeservices.com.au</a> to learn more about the services offered and to book either a one- off or regular visit from one of the James’ Home Services franchisees. 
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jchancellor-FAypfDUnLy

Cleaning a settlement issue solved with James' Home Services

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With the deadline for the new superannuation rules set to take effect from July, retired Australians should focus on a strategy to claim capital gains tax relief on investments such as property that become partly taxable as a result of the new rules.
And the transfer from super savings from a pension to an accumulation account must be done by June 30. 
CGT relief is available for self-managed super funds (SMSFs) to provide temporary relief from certain capital gains that might arise as a result of individuals complying with the transfer balance cap, and Transition to Retirement Income Stream (TRIS) reforms, commencing on 1 July 2017, says the Australian Taxation Office website.
CGT relief allows profitable investments in super pensions, currently tax-free, to have their cost bases reset to a higher value.
The transfer balance cap is $1.6 million at the moment, and it limits the amount of capital individuals can transfer to the retirement phase of their superannuation accounts. This in turn, limits the amount of superannuation fund earnings that are exempt from taxation, says the ATO.
Retirees who will be affected by the rule change are those who have, or are deemed to have, a pension interest in a total super balance that exceeds $1.6 million, as well as anyone with profitable investments in transition to retirement income streams (TRISs). From July the earnings generated by TRISs will no longer be tax free.
CGT relief could be worth many tens of thousands of dollars to retirees or TRIS holders. It's also an entitlement that many might delay or forgo because of the complexity. But not using the opportunity of the concession window could lead to regret down the track, says an article in The Australian Financial Review.
If you haven't already drafted a plan, now is the time, says self-managed super strategist Darren Kingdon of Kingdon Financial Group. 
An action plan should involve being aware of the capital gains that exist for each investment you own in a super pension and where the new rules will oblige you to transfer assets to an accumulation account. Once in accumulation, assets will be either fully or partly taxed, albeit concessionally.
The plan should also involve having an estimate of the additional tax that will need to be paid because pension assets will no longer be tax free and the impact this will have on a retiree's overall income. 
Earnings on assets rolled to an accumulation account will be taxed at 15 percent and capital gains at either 10 percent or 15 percent, depending on how long they are held for. 
An action plan will require being aware of the procedures that need to be  followed in order to implement CGT relief, a task not helped by the fact that important documents, such as an approved form on which the assets in question must be recorded, are not yet available.
Investments should be assessed on an asset-by-asset basis, says Kingdon in the post in AFR. For investment property and interests in investments owned through trusts, up-to-date valuations will be needed.
To illustrate how CGT relief might work, a 65 years-plus retired reader asks about his $4 million SMSF pension portfolio that is broadly made up of two $2 million commercial property units that are wholly dedicated to paying a pension. The properties each cost about $1 million.
Even though the reader will only be allowed to have $1.6 million of investments in a pension account from July 1, he expects both properties will remain in super because stamp duty will prohibit him from moving them elsewhere, even if he wanted to.
The reader asks if he will be able to commute property A to an accumulation account after having its tax base reset to $2 million under the CGT relief rules shortly before midnight on June 30.
And, in the case of property B, can he designate 80 percent of its value, or $1.6 million, as being in the pension phase and 20 percent, valued at $400,000, as being in accumulation phase and reset the cost base to $2 million as at June 30? And how would this property be taxed if, in two years' time, it was sold for $3.5 million?
Unfortunately, says Kingdon, it is not possible under Tax Office guidelines for an SMSF to partially segregate a single asset in the manner described for property B. Tax accountant Gordon Cooper of Cooper and Co says this is because you can't split the ownership of a single asset within the same legal entity.
In order to trigger an entitlement to CGT relief for both assets, a "cessation event" must occur between November 9, 2016  and  June 30, 2017.  
In order to claim CGT relief and reset the value of each property from $1 million to $2 million, the reader will need to commute the total excess of $2.4 million back to an accumulation account on or before June 30 and use what is known as the proportionate method to calculate tax for the remainder of the 2016-17 financial year, and in future years. 
This approach locks in the CGT relief to $2 million. If property B is later sold for $3.5 million, the notional $1.5 million gross capital gain is reduced to $1 million under the one-third CGT discount available to SMSF assets owned for more than one year, or one year beyond the CGT reset date.
But that's not the only calculation that must be performed.
Under the current rules, 100 percent of the $4 million pension is exempt from tax. Under the new rules, because only $1.6 million of $4 million is in tax-free pension phase  – or 40 percent – and 60 percent will be in a taxable accumulation account, this proportion will apply to any future CGT liability.
It means 60 percent of the $1 million gross gain, or $600,000, will be added to the fund's taxable income. It will be taxed at 15 per cent, resulting in a $90,000 tax bill. Without the CGT relief, the notional gains will be $2.5 million, discounted to $1.675 million. With 60 per cent or just over $1 million taxable, the tax liability will be around $151,000.
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j.ballantyne1990-6AQqhLzZaK

You only have two months to plan for the CGT relief on super pensions 

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More emergency services workers negatively gear an investment property than lawyers, the latest Tax Office figures show.
But the data shows these police, firefighters and ambulance officers get half the benefit with an average of $745 compared with $1,500 for lawyers given they earn less.
Analysis of the ATO figures by the Grattan Institute finds the biggest winners from negative gearing are surgeons, who claim an average annual tax benefit of $3,586.
The ATO's annual statistics, released on Wednesday, also showed that the number of landlords stopped growing in 2015, as did the net rental losses claimed.
As mortgage interest rates have fallen, the average net loss on property investment has stabilised at between $8,000 and $10,000 a year. 
Of the nation's 2.05 million landlords, 1.3 million were negatively geared, including 58,000 teachers and one in five police officers, Mr Morrison told an urban development conference earlier this week.
"Two thirds of those taxpayers who negatively gear their investments have a taxable income of $80,000 or less," he said.
Grattan Institute chief executive John Daley pointed out said a higher proportion of doctors and lawyers negatively geared than teachers and nurses.
Not that full-time nurses should be cast as low-income earners, he added.
"If you have two people in a household who are both full-time nurses, actually you're in the top 10 percent of income-earners," he said.
"Those professions are quite well paid," he told Fairfax.
Fewer than 5 per cent of sales assistants, cleaners and hairdressers are negatively geared landlords.
Twenty per cent of lawyers are negatively geared, as are 21 percent of emergency services workers.
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More cops are landlords than lawyers

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The North Queensland Cowboys five-eighth Michael Morgan has sold his Townsville investment property.
The 24-year-old NRL star purchased the four-bedroom, <a href="https://www.realestate.com.au/property-house-qld-bohle+plains-123935982" target="_blank">two-bathroom Bohle Plains home</a> in 2011 for $146,000.
It sold in early November having been listed October 26 for $349,000 through John Bowen at First National Real Estate – Nicholson.
It’s been a rental at $390 per week.
He still owns a waterfront apartment overlooking the marina which was purchased in 2014.
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firstname1-iYD4UYzvBa

Cowboy Michael Morgan sells Townsville investment

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One in every five Australians own an investment property according to the latest Financial Wellbeing Index from ING Direct.
According to the index the number of Australians investing in property has gone up by three percent since mid-2015.
Mark Woolnough, head of third party distribution, for ING Direct said what’s interesting is that while there are continued questions around affordability and the challenges for younger generations in getting onto the property ladder, it’s actually Gen Y that is leading the property investment pack.
"22 percent of Gen Y (18-34 year olds) own at least one investment property, followed by 20 percent of Gen X (35-49 year olds) and 19 percent of Baby Boomers (50-64 year olds).
 “Ultimately we’re seeing that Australians still hold faith in the long term investment benefits of property. Property is a great opportunity to build wealth, but it definitely pays to do your research, take your time, speak to the experts such as a mortgage broker or buyers’ agent, and focus on the financials of the investment rather than the emotions of a purchase.”
<a href="/images/2016/11/09/Table%201.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/09/Table%201.jpg" alt="">
NSW and WA have the highest percentage of residents with at least one investment property (22 percent each), both growing year on year by four percent.
In South Australia, one in every 10 (11 percent) people owns an investment property, down from 15 percent in 2015.
 
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One in every five Australians own an investment property

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The retired Hawthorn premiership player turned AFL commentator, Brad Sewell, has secured $2.3 million for his Armadale investment property at weekend Jellis Craig auction.
The 10 Egerton Road has been previously leased with $1300 asking rental by Sewell who played 12 seasons with the Hawks and is now a Network Seven commentator.
It was listed with $2 million plus hopes and sold at its reserve price.
Sewell paid $1.505 million for the four bedroom weatherboard home in 2011.
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Hawk Brad Sewell secures $2.3 million in Armadale 

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SPONSORED POST
When it comes to the ideal location for an investment property, you'd be forgiven for running with the assumption that the closer to the city, the better.
Close proximity to the CBD does, of course, provide a range of well-known benefits and potential benefits. Among some of them are luxury city views, convenience in multiple forms and vibrancy.
But as technology and the public transport infrastructure of our cities progresses, the advantages of city living depreciate. Technological interconnectivity means that working from home has become not only possible, but common. And as things progress even further, the everyday limitations that make city living desirable will be solved (or at least mitigated) by other means.
Here are some of the things you might want to think about when deciding whether or not, to invest in an outer-suburbs property.
Safety and insurance
The first thing to consider is the safety of the property (and the appropriate insurance implications). Properties in rural areas are more vulnerable to natural disasters such as floods and fires, which can mean higher insurance costs.
Consider the surrounding landscape of your property and be sure to factor the insurance into your calculations.
Demand
If you’re going to invest in a property, you want to make sure that you keep the property occupied with happy tenants. In order for that to happen, there needs to be a decent level of demand for properties of that particular kind.
As of right now, nearly a third of Australians live outside of major cities. People seeking a better work / life balance, a slower pace and some clean air have plenty of reasons to seek country accommodation.
Before investing in a property, garner a clear understanding of the area’s rental yields, population growth rate and median income. Figures like this will help determine whether or not the property is lucrative.
Profitability
Closely related to demand (and probably the most important consideration for an investment property), profitability can be determined by a number of factors. Median property price, for example, is a strong place to start.
The median property price in Sydney recently reached $1,000,000 for the first time in history. That's quite a large number for first-time home buyers to afford – and as property prices climb higher and higher, it becomes even harder for new blood to enter the market.
As an investor, it might pay more to target said new blood. If that's the case, maybe a country home selling for $400,000 or less is exactly what you need!
Mortgage House
At Mortgage House, we're no strangers to the homeowner's journey. It's a long (but rewarding) one.
But don't worry, we can help with that.
If you're thinking of buying a home, you can contact us for advice about the best options for you when it comes to your mortgage. The cost of your mortgage can drastically affect your financial planning, so it pays to speak to the experts about it.
<a href="https://www.mortgagehouse.com.au/mortgage-house-contact-us" target="_blank">Click here to speak to us!</a>
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Should your investment property be close to the city? Mortgage House

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Senator-elect and One Nation leader Pauline Hanson has her Gold Coast investment apartment relisted for sale.
<a href="https://www.raywhite.com/qld/biggera-waters/1460626/" target="_blank">The two-bedroom ground floor Biggera Waters unit</a> on Loder Street was bought with her son Adam for $220,000 in 2007.
She first tried to offload it in 2008 for $298,000, then in 2010 with a $320,000 desire which was reduced to a $279,000 asking price.
Now it's up for sale seeking offers above $285,000 through Paul Parry of Ray White Labrador.
It comes with very low body corporate fees at $40 a week. It was last offered for rent at $300 a week in early 2015, representing a gross return of about 5.5 per cent to any would-be-investor buyer.
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Pauline Hanson lists her Gold Coast investment apartment 

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Mark Bouris, the executive chairman of Wizard Home Loans says the current debate about negative gearing involves just one aspect of investment property.
"But the true priority for most property investors is the success of the investment itself. 
He advises that to make an investment property worth your while, it should deliver long-term capital gains and sustainable cash-flows.
"Achieving this goal usually comes down to controlling your costs," he said adding that tax law allows investors to treat an investment property as a business, which means the business inputs are deductible for tax purposes.
He advised that optimising costs deductions made a big difference to how any investment performed long-term offering five tips.
1) Remember allowable deductions include fixing damage from natural causes such as falling trees and heavy storms, particularly relevant for many this month.
2) If you live some distance from your investment, travel to and from your property is tax-deductible, as are trips to your property agent. But the trips must be on official business as a landlord.  Track these costs by entering your travel (and reasons) in a diary, keep relevant receipts, and if you use your car, use only a vehicle-expenses formula listed on the ATO's website. 
3) Sometimes disagreements about your property can turn into legal disputes. The ATO allows deductions on court costs, damages claims against you involving your investment property, and the costs associated with evicting non-paying tenants.
4) If you use a property management company to rent the property and manage the tenants, you will pay a fee  that is deductible. Your ongoing management costs include the costs of setting up new bank accounts, council rates and water charges, for example.
5) If you secure a mortgage to buy your investment property, there are many costs that come under the deductions umbrella, including lender's mortgage insurance, mortgage broker fees, loan establishment costs, property taxes   (for example, stamp duty), and valuation fees. However, it needs to be amortised over five years or per the terms of the loan. Be aware that the interest you pay on the loan is deductible, but repayments of principal are not. Which is why property investors generally have interest-only mortgages.
There is a lot of information for property investors on the ATO website, he notes.
"But for first-timers, I strongly suggest using an adviser, such as an accountant or financial planner, even if only for the initial set-up of the investment and advice on how to manage to it."
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Negative gearing just one aspect of investment property: Mark Bouris

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SPONSORED POST
Over the past few months, the east coast of Australia has been battered by severe storms and we’ve all seen the pictures, with roofs being ripped off and many properties completely destroyed, it’s a scary time for property owners.
As a property owner or investor, fearing for your own home as well as your investment property during these events is a likely source of sleepless nights and it’s a fact that all property owners want and need insurance cover to protect their investment.
However, all too often property owners incorrectly insure their property, whether it be under insured or over insured.
Having your property insured for either its purchase price or its market valuation is not the right solution.
The insured value should be for re-constructing the property and all that that entails.
The insured cost should include for things such as demolition and clean up, design and engineering fees, project management and other consultants fees of the new build, approvals and permits, the cost of the construction works, and importantly the cost of escalation on the rebuild price between the time of destruction and the time of actually rebuilding.
Additionally, when you insure your property for its purchase price or market value you are effectively and unnecessarily insuring the land!
NBtax, being part of the Napier &amp; Blakeley group, are among the most experienced quantity surveyors in the country.
Quantity surveyors are perfectly positioned to advise on the correct levels of insurance for re-building property.
Quantity surveyors are the only professionals in the market place that are qualified to calculate construction costs.
In the event of insurable damage, we also advise property owners in determining the scope and amount of a claim to be submitted, as well as preparing and administering building contracts for repairs or complete reconstruction.
In the event of partial or total destruction of an investment property you should also consider your property tax depreciation deductions.
We are asked by numerous clients what effect might these damaging incidents will have on their existing and future capital (depreciation) allowances on their investment properties. And the question arises where funds from a third party such as an insurer pays for capital works.
In the event of repair works, then all demolished capital items may be written off from the date of demolition. All newly installed and refurbished costs may be claimed once works have been completed. Always remember to keep all your records of expenditure, even those such as skip hire, professional fees and the like.
It is important to identify the assets within your existing property tax depreciation schedules that have been removed as to ascertain their value at the time of removal. NBtax tailors its service for each client when it comes to maintaining accurate property tax depreciation schedules, after any reconstruction or repair works your schedule may need updating.
With exposure to billions of dollars of actual construction costs, our quantity surveyors, provide a solid platform for insurance advice. This advice should also help you negotiate with insurers if you need to make a claim.
Contact one of our specialists for <a href="https://nbtax.com.au/" target="_blank">further information</a>.
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