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

Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

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

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

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

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

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

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

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

Luxury Homes

Siskas is the final release of Gary Dempsey Developments&rsquo; coveted Taskers development in Perth&rsquo;s North Fremantle.

Designed by ZMH Architecture and Craig Steere Architects, the residence features a collection of two, three and four-bedroom apartments.

The broader Taskers project has won numerous industry awards for excellence in construction and development, with recognition from the Master Builders Association and the Urban Development Industry of Australia.

We recently spoke with Gary Dempsey Developments&rsquo; very own Gary Dempsey to discuss the luxury development.

[smartcode_project:default project_id=7864 project_image_fid=142655]

MK: What are the highlights of&nbsp;Siskas&nbsp;at Taskers and what is attracting buyers to the project?&nbsp;&nbsp;

GD: Undoubtedly buyers are attracted to&nbsp;Siskas&rsquo;&nbsp;unique location between the Indian Ocean and the Swan River and the lifestyle that comes with that. It promotes the best of our enviable laidback WA lifestyle but is within easy reach of Fremantle, the CBD and some of Perth&rsquo;s best schools and colleges.

As well as the location, our buyers know that with GDD they are buying an unmatched level of construction quality and sophistication &ndash; in terms of the features you do see, but also those you don&rsquo;t including rooftop solar, double glazing, acoustic plumbing, the extensive use of natural stone and European appliances across the project as well as a range of resort style, residents&rsquo; only amenities.&nbsp;&nbsp;

[smartcode_project:default project_id=7864 project_image_fid=142658]

MK: What was the design brief for the architect Fred&nbsp;Zuidefeld (ZMH Architects)?&nbsp;

GD: The architectural brief focused on creating a sophisticated, timeless development that fostered a connection with its&nbsp;waterfront location combining the use of the highest quality materials and finishes with the latest in innovation technology and sustainability features.&nbsp;

MK: Where have the buyers comes from and who is it appealing to?&nbsp;

GD: Our buyers and prospective buyers span a range of demographic but tend to be downsizers from the local area wanting to move from larger family homes but stay in the area in which they have grown up in and have established connections.

[smartcode_project:default project_id=7864 project_image_fid=142657]

We&rsquo;re also seeing growing demand from young professionals who value the waterfront location and the range of amenities on their doorstep.&nbsp;Overall&nbsp;we are seeing buyers who want quality in terms of the finish but also the construction and the features you don&rsquo;t see. Our development is dominated by owner occupiers rather than investors which also appeals across our buying demographic.&nbsp;&nbsp;

MK: What else does&nbsp;Siskas&nbsp;at Taskers offer residents?&nbsp;

GD: Additional resident features include a wine room, workshop, 3000sqm of&nbsp;established&nbsp;private gardens &ndash; unseen in any comparable apartment development &ndash; a 25m lagoon style pool,&nbsp;alfresco dining/ entertaining spaces, yoga/ pilates and massage room,&nbsp;gym,&nbsp;sauna and onsite caf&eacute;.&nbsp;

MK: Why did you choose North Fremantle Does this area offer strong investment opportunities?&nbsp;&nbsp;

GD: North Fremantle is primarily dominated by older&nbsp;free standing&nbsp;homes on larger blocks with limited development but plenty of potential.&nbsp;It&rsquo;s&nbsp;also a standout location in terms of its access to river and ocean, Fremantle, Claremont and Cottesloe. The annual growth rate is 4.3% and properties tend to be very tightly held, making it a very&nbsp;sought after&nbsp;suburb.&nbsp;&nbsp;

[smartcode_project:default project_id=7864 project_image_fid=142670]

MK: Where is current buyer enquiry coming from?&nbsp;

GD: It tends to be dominated by those from the local area however we are seeing an increasing level of both interstate and overseas enquiry as a growing number of people post-COVID&nbsp;realise the unbeatable lifestyle WA offers.&nbsp;&nbsp;

Designed by ZMH Architecture and Craig Steere Architects, the residence features a collection of two, three and four-bedroom apartments

max.kwok_55688

What buyers need to know about North Fremantle’s Siskas at Taskers: Urban chats with Gary Dempsey Developments

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Architect Paul Buljevic, from PBD Architects, and his wife, now call the Clovelly project that once appeared on ABC's Grand Designs as their home.
It fetched $7 million through Phillips Pantzer Donnelley agency which had a $6.5 million price guide.
It sold just before the onset of COVID-19 when the estate agency reported there'd been a quick 10 to 15 percent price fall by mid-April.
The agency then sent shockwaves with its forecast that coastal prestige prices would fall another 10 to 20 per cent and not recover for five to seven years.
The Clovelly home was featured in Grand Designs Australia in 2012 when built by Prebuilt in Melbourne as four modules.
The pods were trucked to Sydney in a convoy and lifted into position to create the uber modern, two storey residence.
Now featuring a jet black exterior, the zinc and timber clad customised home, which has undergone a renovation in recent years, has four bedrooms and a home office.
It was architect Pleaser Perkins who designed the home which sold for $6 million in 2017 to car dealer Steve Nasteski, who has made a $12 million sea change with his acquisition of the Wategos beachfront reserve, Whalewatchers from Salmat co-founder Peter Mattock and his wife Pam.
This article first appeared in The Sunday Telegraph
 
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firstname1-iYD4UYzvBa

Steve Nasteski's Clovelly home sold for $7 million

<html><body>
Luxury residential price growth in Australia is highest in Sydney and Melbourne, according to the results of the Prime International Residential Index (PIRI 100) in Knight Frank’s The Wealth Report 2020, released.
The PIRI 100, which tracks the movement of luxury residential prices in 100 cities and second home markets globally between December 2018 and December 2019, found four Australian cities were ranked in the top 60 for luxury residential market performance over the past year. 
Sydney was the top ranked city in Australia, coming in at number 27 with 3.7 per cent annual growth, with Melbourne second at 44 (2.2 per cent growth).
The Gold Coast was ranked 55 (1.8 per cent), Brisbane was ranked 57 (1.4 per cent) and Perth came in at 63 (0.9 per cent)
“Globally, the 100 locations covered by Knight Frank’s Prime International Residential Index recorded average price rises of 1.8 per cent, up from 1.3 per cent in 2018, although down from the 2.8 per cent recorded in 2013", according to Michelle Ciesielski, Knight Frank’s head of residential research Australia.
“Despite record low interest rates and wealth growth continuing in most advanced economies, there were some factors preventing global price growth from reaching previous highs, including the slowing global economy, rising property taxes and in some cases, a surplus of luxury homes on the market.
“But global price growth is firmly on the way up, with a shift away from the moderating price growth that has prevailed since 2013. We found 78 of the 100 locations in PIRI registered flat or positive growth in 2019. 
“In Australia, Sydney and Melbourne recorded growth above the global average, and Sydney is leading the five domestic markets with prices underpinned by constrained supply, a resilient stock market and three interest rate cuts in 2019.
“Arguably unrivalled for lifestyle, Sydney combines all the first-class amenities of a tier-one city with an outdoor lifestyle in a waterfront location.”
Shayne Harris, National Head of Residential, Knight Frank said, “Demand for luxury property in Sydney has further strengthened, with demand growing and momentum building from 2019 into 2020. 
“We know from The Knight Frank Attitudes Survey that one-third of Australian ultra-high-net individuals (UHNWIs) wealth portfolios are made up of their principal place of residence and second homes.
 “Sixteen per cent of Australian UHNWIs are planning another residential home purchase and this doesn’t include those properties for investment purposes. The main reason for their next purchase will be led by upgrading the family’s main residence, downsizing or retirement and a new family home in a sunny location.  
“Globally, 21 per cent of UHNWIs are planning another home purchase in 2020. When ranking the countries for the next purchase, Australia came in third place, behind the United Kingdom and the United States despite non-residents without an investor visa being restricted to new-build purchases only.
“Looking at relative values across the globe, you can essentially buy 50 sqm of prime luxury internal floorspace in Sydney with US$1 million, when compared to 21 sqm in Hong Kong or just 16 sqm in Monaco. 
“Your US$1 million extends even further when buying in Melbourne (96 sqm), Perth (117 sqm), Brisbane (123 sqm) and 136 sqm on the Gold Coast.”
Ms Ciesielski said ongoing high demand for luxury residential property in both Sydney and Melbourne was expected to result in higher growth rates in prices next year.
“Both cities have performed better than expected over the past 12 months, exceeding expectations for prime residential price growth, with Sydney’s actual growth of 3.7 per cent almost double the forecast 2 per cent and Melbourne’s growth of 2.2 per cent more than double the forecast 1 per cent.” 
“Knight Frank’s The Wealth Report forecasts that Sydney luxury residential property prices will grow by 4 per cent in 2020, while Melbourne will see growth of 3 per cent. The other cities of Brisbane, Perth and the Gold Coast are forecast to see growth of 2 per cent over this time.” 
Australian cities included in Knight Frank’s PIRI 100:
<table style="width: 632px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="179">
City
</td>
<td valign="top" width="113">
2019 Ranking
</td>
<td valign="top" width="113">
 per cent Change 
(Dec 2018 to Dec 2019) 
</td>
<td valign="top" width="113">
2018 Ranking
</td>
<td valign="top" width="113">
 per cent Change (Dec 2017 to Dec 2018) 
</td>
</tr>
<tr>
<td valign="top" width="179">
Sydney
</td>
<td valign="top" width="113">
27
</td>
<td valign="top" width="113">
3.7 per cent
</td>
<td valign="top" width="113">
30
</td>
<td valign="top" width="113">
3.1 per cent
</td>
</tr>
<tr>
<td valign="top" width="179">
Melbourne
</td>
<td valign="top" width="113">
44
</td>
<td valign="top" width="113">
2.2 per cent
</td>
<td valign="top" width="113">
41
</td>
<td valign="top" width="113">
2.2 per cent
</td>
</tr>
<tr>
<td valign="top" width="179">
Gold Coast (= with Verbier, Switzerland)
</td>
<td valign="top" width="113">
55=
</td>
<td valign="top" width="113">
1.8 per cent
</td>
<td valign="top" width="113">
42
</td>
<td valign="top" width="113">
2.1 per cent
</td>
</tr>
<tr>
<td valign="top" width="179">
Brisbane
</td>
<td valign="top" width="113">
57
</td>
<td valign="top" width="113">
1.4 per cent
</td>
<td valign="top" width="113">
31
</td>
<td valign="top" width="113">
3.0 per cent
</td>
</tr>
<tr>
<td valign="top" width="179">
Perth
</td>
<td valign="top" width="113">
63
</td>
<td valign="top" width="113">
-0.9 per cent
</td>
<td valign="top" width="113">
42
</td>
<td valign="top" width="113">
2.1 per cent
</td>
</tr>
</tbody></table>
</body></html>

j.ballantyne1990-6AQqhLzZaK

Melbourne and Sydney dominate luxury residential price growth in Australia: Knight Frank

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The luxury Mosman residence at Stanley Avenue sold at auction for $8,460,000 today. 
The <a href="https://www.realestate.com.au/sold/property-house-nsw-mosman-132853106" target="_blank">four-bedroom, three-bathroom property</a> sold through <a href="https://www.simeonpartners.com.au" target="_blank">Simeon Partners</a> whose price guide was $6.5 million.
According to Richard Simeon, "over the course of the campaign, we had 178 enquiries, 106 inspections, 21 contracts issued, 11 bidders, and one delighted vendor."
Balmoral Beach-front residence is situated on 600 sqm of prime land and was offered to the market for the first time in over 37 years.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/2/7_FEB22.jpg" alt="">
The tri-level double brick residence features an outdoor multi-entertaining area that overlooks the swimming pool and beach. 
All bedrooms are set on one level with two bedrooms facing the ocean view. 
The residence also has a timber finished kitchen equipped with stainless appliances and a gas cooktop, a gas fireplace, wine cellar, double lock-up garage, and extensive storage space. 
 
 
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Luxury Mosman residence sold for over $8 million

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Five Australian cities have been named in the top 30 best performing luxury real estate growth markets in the world by Knight Frank.
In their Prime Global Cities Index Q3 2019, Sydney, Melbourne, Brisbane, Gold Coast and Perth all made it in to the top 30 which was crowned by Moscow.
In Australia, all but Perth, who ranked 30th, recorded growth higher than the average annual prime price growth of 1.1 per cent across 45 cities globally. 
Sydney ranked 17 with gains of 2.6 per cent, jumping a place from last year. It topped the unmoved Melbourne, placed again at 21st, with two per cent growth.
Melbourne only just edged out Brisbane, ranked 22nd with two per cent.
The Gold Coast ranked 26th with 1.3 per cent gains. It was only last quarter it first appeared on the list. Perth was ranked 30th with growth of 0.7 per cent.
Knight Frank’s Head of residential research Australia Michelle Ciesielski said: “Whilst the Australian mainstream residential markets were progressively being corrected by tightened lending measures, the prime property market continued to experience positive growth given the prestige end of the market was less impacted by funding restrictions throughout this time.
“In fact, the major east coast cities of Sydney, Melbourne, Brisbane and the Gold Coast have now recorded 25 quarters, or more, of positive annual growth," she added.
“Growth in prime property prices closely follows the performance on the stock exchange – and there have been some significant gains made on the Australian sharemarket in 2019. Collectively the Australian prime market has continued to see sustainable growth of 2% in the year ending September 2019, whilst the sharemarket recorded a 7.7% return.
 With equities on an upward growth trajectory, its likely this will follow through to further growth in prime property prices.”
The Prime Global Cities Index increased by 1.1% in the year to September 2019, down from 3.4% in 2018, with slower prime price growth attributable to mounting economic headwinds. 
Knight Frank’s Head of Prestige Residential Deborah Cullen says that the top end of the market slow more consideration and time in transacting.
"There is still strong interest from local and expat buyers for blue ribbon areas and for “best in class” assets, in particular the waterfront areas of Sydney.”
 
 
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Five Australian cities in Knight Frank's top 30 for luxury residential real estate price growth

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Five Australian cities ranked in the top 32 cities around the world for luxury residential price growth, according to the latest research findings from Knight Frank.
The Knight Frank Prime Global Cities Index – Q2 2019, which tracks the movement in prime residential prices (the top 5% of the housing market in most cities, by value) across 46 cities worldwide, revealed Sydney was ranked 18th for luxury price growth.
Following Sydney is Brisbane ranking 20th, Melbourne 21st, the Gold Coast 27th and Perth 32nd.
Sydney has moved back into the top spot for Australia, while Melbourne has moved up the rankings one spot from the previous quarter.
The Gold Coast has been included in the Prime Global Cities Index for the first time in Q2 2019.
Knight Frank says this reflects stability and depth in the city’s established luxury home market, with a solid pipeline of new projects catered towards affluent local and interstate downsizers.
The Prime Global Cities Index – Q2 2019 found three Australian cities - Sydney, Melbourne and Brisbane - all recorded growth in luxury residential prices higher than the overall average annual prime price growth of 1.4% across the 46 global cities in the 12 months leading up to the end of June this year.
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Five Australian cities rank in the top 32 for luxury residential price growth

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EXPERT OBSERVER
Nationally, from the market peak to the end of May ’19, the most affordable quarter has seen values fall by -1.4%, the middle of the market has seen values fall -6.6% and the top quarter has fallen by -11.6%.
The -1.4% fall across the lower quartile is the largest since Sep-18, the -6.6% fall across the middle of the market is slightly down on the previous month while the -11.6% fall across the top quartile is the second consecutive month in which falls have slowed and the smallest annual decline since Dec-18.
Combined capital cities
Low quartile values are -5.1% lower over the year, middle market values have fallen -8.3% and top quartile is -12.4% lower. The -5.1% fall is the largest since September 2008 and the -12.4% fall is the smallest since December 2018.
Combined regional markets
Values across the most affordable quarter of properties are -1.2% lower compared to a -1.6% fall across the middle of the market and a 6.7% fall across the top quartile (the largest fall since January 2012).
<img src="https://www.urban.com.au/images/2019/6/13/Declining%20Values%201.JPG" alt="">
Sydney
The low quartile has recorded a value fall of -2.0% (smallest fall since Oct-18) compared to -11.9% across the middle of the market (smallest fall since Jan-19) and -12.5% across the top quartile (smallest fall since Nov-18).
Regional NSW Values across the most affordable quarter of properties are 0.6% lower (slowest growth since Nov-18), the middle of the market has recorded falls of -4.6% and the top quartile has recorded falls of -9.0%.
<img src="https://www.urban.com.au/images/2019/6/13/Declining%20Values%202.JPG" alt="">
Melbourne
The -13.8% fall across the most expensive quarter of dwellings is the smallest since Nov-18 while the middle of the market has seen values fall -10.1% (smallest fall since Jan-19) and the most affordable quarter has recorded a value fall of -0.9% (smallest fall since Dec-18).
Regional Vic
The most affordable quarter of properties have increased in value by 0.8% while the middle of the market has increased by 1.2% (slowest rate of growth since Sep-16) and the top quartile has fallen by -6.4% (the largest fall since Feb12).
<img src="https://www.urban.com.au/images/2019/6/13/Declining%20Values%203.JPG" alt="">
Brisbane
Values have fallen by -0.7% across the most affordable quarter of dwellings compared to a -3.3% fall across the middle of the market (largest fall since Feb-12) and a -6.2% fall across the most expensive quarter of properties (largest fall since Jan-12).
Regional Qld
The most expensive quarter of dwellings fell - 3.5% compared to a 0.7% fall across the middle of the market and a -0.3% fall across the most affordable quarter of the market.
<img src="https://www.urban.com.au/images/2019/6/13/Declining%20Values%204.JPG" alt="">
Adelaide
The most affordable quarter of dwellings have recorded growth of 0.9% (strongest growth since May-18) while the middle of the market has recorded a 0.3% increase and the top quarter of properties have recorded a fall of -2.7%, their largest fall since Jan-13.
Regional SA
The most affordable quarter of properties have increased by 0.3% over the past year (the strongest growth since Aug-18) compared to a 3.7% increase across the middle of the market and a 0.6% increase across the most affordable quarter of properties.
<img src="https://www.urban.com.au/images/2019/6/13/Declining%20Values%205.JPG" alt="">
Perth
Values across the most affordable quarter of properties are -2.4% lower over the year compared to an -8.9% fall across the middle of the market and an -11.6% fall across the most expensive quarter of properties.
Regional WA
The most affordable quarter of the market recorded a decline in values of -1.8% compared to -7.5% across the middle of the market and a -13.1% fall across the most expensive quarter, the largest fall since Jan-15.
<img src="https://www.urban.com.au/images/2019/6/13/Declining%20Values%206.JPG" alt="">
Hobart
The most affordable quarter of properties recorded a value increase of 4.6% over the year (the slowest rate of growth since Jun-16) compared to a 0.6% increase across the middle of the market (slowest growth since Jun-16) and a -0.5% fall across the most expensive properties (largest fall since Feb-15).
Regional Tas
The most affordable quarter of properties recorded an 8.8% annual increase (strongest growth since Nov-18) while the middle of the market recorded growth of 3.8% and the most expensive quarter recorded 3.0% growth over the year.
<img src="https://www.urban.com.au/images/2019/6/13/Declining%20Values%207.JPG" alt="">
Darwin
The most expensive quarter of properties across the city have fallen in value by -16.8% over the past year (largest fall since May-16) compared to a -17.0% fall across the middle of the market (largest fall on record) and a -14.6% fall across the most affordable quarter of the market (largest fall since Nov-18).
Regional NT The most affordable quarter of properties have recorded an increase of 11.3% over the past year, their largest increase since Apr-17 while the middle of the market has seen values rise 1.9% and the most expensive quarter of properties have fallen by -0.2%.
<img src="https://www.urban.com.au/images/2019/6/13/Declining%20Values%208.JPG" alt="">
Canberra
The most expensive quarter of properties have recorded no change in value over the past year while the middle of the market has recorded growth of 0.7% (slowest growth since Aug-16) and the most affordable quarter has recorded value growth of 1.3% (slowest growth since Jun-16).
<img src="https://www.urban.com.au/images/2019/6/13/Declining%20Values%209.JPG" alt="">
Over the past year, most capital cities and regional markets have been recording value declines. While values are broadly continuing to fall, the rate of these falls on a monthly basis has been slowing.
After having seen much larger corrections than the other two segments (following a larger growth phase), the most expensive segment of the market is seeing its rate of decline slow.
This is a trend that has played out before whereby premium housing values fall the fastest initially but also sees the falls cease earlier than other market segments.
It is still early days but with the housing market expected to trough in late 2019, the premium housing sector may find a floor first and start to show some level of recovery before the other segments.
CAMERON KUSHER  is the head of research for the Australian branch of CoreLogic
Kusher regularly posts on the <a href="https://www.corelogic.com.au/taxonomy/corelogic-people/cameron-kusher" target="_blank">CoreLogic website</a>.
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Rate of value decline on the most expensive properties slowing: Cameron Kusher

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Four Australian capital cities rank in the top 23 cities around the world for luxury residential price growth, according to the latest global research from Knight Frank.
The Knight Frank Prime Global Cities Index – Q1 2019, revealed Brisbane was ranked 14 for luxury price growth, followed by Sydney (18), Melbourne (22) and Perth (23).
Overall the index increased by 1.3% in the year to Q1 2019, its lowest average annual rate of growth since Q4 2009, and down from 1.8% in the previous quarter.
Knight Frank’s Head of Residential Research Australia Michelle Ciesielski said although it was still rising, prime global residential price growth had continued to moderate due to political and economic headwinds, the rising cost of finance and more property market regulations around the world.
“The Australian luxury market continues to perform well, with Sydney, Melbourne, Perth and Brisbane all recording growth in luxury residential prices higher than the overall average of 1.3% in the 12 months leading up to the end of March this year."
“Despite a recent cooling of the market in Sydney and Melbourne, these markets recorded yearly price growth of 2.4% and 1.8% respectively, while Brisbane recorded year-on-year growth of 3.2% and Perth recorded growth of 1.8%.”
Ms Ciesielski added, Australia’s luxury residential markets were expected to continue to perform well going forward, particularly Sydney and Melbourne, where the number of high-net-worth individuals – those with a net worth of more than US$1 million, excluding their primary residence – was expected to grow by 21% from 2018 to 2023 to reach a total of 116,049 in Sydney and 68,888 in Melbourne.
<img src="https://www.urban.com.au/images/2019/5/16/Knight%20Frank%20Wealthy%20People.JPG" alt="">
“Over the past five years four millionaires were created every day in Sydney,” she said. “This is expected to rise to 11 millionaires per day over the next five years."
“In Melbourne, we saw three millionaires created per day over the same period, with projections it will rise to seven millionaires a day over the next five years."
“Perth’s millionaire numbers are expected to double from two per day over the past five years to four per day over the next five years, while for Brisbane the figures will triple from one to three millionaires being created every day over the same timeframe," Ms Ciesielski concluded.
Knight Frank Partner &amp; Head of Residential Australia Sarah Harding said, “Not only will there be more people with more money to buy luxury residential property in Australia, but we have found the majority of buyers in the prestige market across the country are not under the same pressures experienced by those in the mainstream market of minimal wage growth and restrictions on finance from the banks.
“Sydney is continuing to see positive growth in the prestige market, with limited luxury properties suitable for high-end buyers."
“They’re looking not only for superb quality finishes, but smart technology and high levels of privacy within their luxury residences."
“With competition for limited stock, we expect to see positive price growth for luxury homes, albeit at a more sustainable pace than in previous years,” Ms Harding concluded.
European cities accounted for seven of the top 10 rankings for annual growth.
Berlin was the top ranked city, with 14.1% annual growth, while Moscow placed second with 12% growth.
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Berlin leads as Australian luxury property price growth outpaces global average: Knight Frank

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The Sovereign Islands estate Villa Blue Waters remains listed for sale on Queensland's Gold Coast.
It's the glamourous Paradise Point property which comes with a $9.99 million asking price by the longtime luxury boat broker Grant Torrens. 
It is for sale through <a href="https://www.realestate.com.au/property-house-qld-sovereign+islands-126134314" target="_blank">Ali Mian at Ray White.</a>
It was built originally by a Japanese owner as a corporate retreat with five king-size en suite bedrooms, nine bathrooms, a day spa and an eight-car internal garage, along with approvals in place for an extra level to the home.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/1/5/sov2.jpg" alt="">
It was last bought for $3.45 million in 2013 from Christian Ainsworth.
Villa Blue Waters had previously traded in 2010 for $7.2 million when sold by Gary McPherson.
With a 1950 sqm waterfront holding, the estate boasts a 64 metre straight line private marina frontage and a 70 metre super yacht marina berth, the largest in Queensland.
The are nine bathrooms and five kingsize bedrooms, one coming with a firework style bed head.
The property features a Versace Italian mosaic hydrotherapy room, a Turkish plunge spa and a waterfront gymnasium.
There is also fully sell contained Teppanyaki Cabana close to its 12 metre resort style mosaic pool.
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Villa Blue Waters, Paradise Point relisted at $9.99 million

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A bespoke four-bedroom sky home located in the Brisbane suburb of New Farm has just sold for $6.150 million.
Situated at 10/70 Bowen Terrace, its Darwin-based owner Brooke David purchased two apartments to create the the sky home, which was designed over 12 months by architect Justin O’Neill. 
The 670 sqm residence featured four-bathrooms, and was considered to be "next-level luxury" by Ray White New Farm duo Matt Lancashire and Christine Rudolph, who brokered the sale.
The luxury master bathroom centred around its bathtub, which was positioned under a magnetised crystal halo of lights, and enabled a view over the Story Bridge through the floor-to-ceiling glass walls.
“It was a home, yes it was definitely a sky home. I wanted a Manhattan-style apartment to take advantage of that view,” David said of the property.
“The bathroom really was huge and I had always planned to stay in Brisbane every second week but in the end I was only getting to Brisbane for three days of every month, so it was madness to keep it,” said the semi-retired owner.
"I’m sad to let it go but I’m happy it’s sold. It didn’t realty take that long in the end to sell.”
The sale was coordinated between Ray White New Farm along with Place Estate Agents duo Damian and Sarah Hackett.
"We ran an amazing campaign national campaign and we secured this buyer together in a sign of great coordination between some of Brisbane’s best leading agents," Lancashire said.
"Homes like this two-level luxurious apartment are in high-demand. It's as big as a prestige residence but without the maintenance," he said.
"We have many high net worth clients looking for very similar properties around Brisbane." 
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