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>
</main>

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

Master Builders

Three multi-unit developments in Western Australia have been recognised for their excellence in construction at the 2021 WA Master Builders-Bankwest Awards.

Among the winners included PACT Construction for their work on Edge Visionary Living&rsquo;s Arthouse in Joondalup, taking the award for best multi-unit development between $20 million and $50 million.

The Master Builders Excellence in Construction Awards recognises excellence in the commercial, industrial, and civil engineering sectors, rewarding builders for demonstrating exceptional craftsmanship and commitment to building excellence.

[smartcode_project:default project_id=8520 project_image_fid=92514]

Situated between the recently expanded Lakeside Joondalup Shopping Centre and an array of local retail boutiques, Arthouse is now the tallest building in Joondalup.

The 16-storey development comprises 162 apartments and takes cues from the surrounding landscape.

Designed by Hillam Architects, the tower places and health and recreation at its foundation, with in-house amenities including a 15-metre lap pool, spa, sauna, yoga retreat, gym and outdoor cinema

[smartcode_project:default project_id=8520 project_image_fid=92505]

Two smaller developments, Bode&rsquo;s One Iluka Beach and M/Group&rsquo;s Quest Perth Ascot, were also awarded the title of best multi-unit development, in the price ranges of $5 million to $10 million and $10 million to $20 million, respectively.

M/Group also entered their Como apartment building M/26 to the awards, which has been developed under one of their three boutique brands, Match.

Although one-bedroom apartments at M/26 have sold out, two-bedroom apartments are still available, offering sophisticated and elegant apartments by the river.

[smartcode_project:default project_id=25261 project_image_fid=52776]

Consisting of 40 well-designed apartments, M/26 boasts views of the Swan River and the Perth skyline.

Also entered was the EMCO Building-constructed Jolimont development, Treehouse.

Delivered by Stirling Capital, the exclusive 48-apartment project featured 17 unique floorplans, contemporary design and three colour schemes.

[smartcode_project:default project_id=7850 project_image_fid=162768]

Treehouse&rsquo;s features include an 11-metre outdoor heated pool, a two-level, fully-equipped gym and a private sun deck.

Multiplex Constructions took out the top award at the event which took place Saturday night for delivering WA&rsquo;s largest data centre, NEXTDC P2.

The new tech hub is a critical piece of digital infrastructure that will assist WA businesses to operate and innovate.

The awards were held on July 17 at Crown Perth. 
&nbsp;

For the full list of multi-unit development entrants and winners, see below (winners in bold):

Best Multi-Unit Development ($5 Million - $10 Million):

<ol>
	<li>One Iluka Beach, Iluka 
	Builder: Dale Alcock Projects</li>
</ol>

Best Multi-Unit Development ($10 Million - $20 Million):

<ol>
	<li><a href="/new-apartments/leederville-wa-6007">Aston238</a>, Leederville 
	Builder: FIRM Construction</li>
	<li><a href="/buildings/m-26-7-mary-street-como">M/26</a>, Como 
	Builder: M/Construction</li>
	<li>Quest Perth, Ascot 
	Builder: M/Construction</li>
</ol>

Best Multi-Unit Development ($20 Million - $50 Million):

<ol>
	<li><a href="/buildings/compass-latitude-leighton-beach-7-cattalini-lane-north-fremantle">Compass Latitude,</a> Leighton Beach 
	Builder: Built Pty Ltd</li>
	<li><a href="/buildings/treehouse-18-hortus-way-jolimont">Treehouse Apartments</a>, Jolimont 
	Builder: EMCO Building</li>
	<li>Guildford Grammar New Boarding House 
	Builder: FIRM Construction</li>
	<li><a href="/buildings/lucent-claremont-5-davies-road-claremont">Lucent Apartments</a>, Claremont 
	Builder: JAXON Construction Pty Ltd</li>
	<li><a href="/buildings/arthouse-113-grand-boulevard-joondalup">Arthouse</a>, Joondalup 
	Builder: PACT Construction</li>
</ol>

Three multi-unit developments in Western Australia have been recognised for their excellence in construction at the 2021 WA Master Builders-Bankwest Awards

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MBAWA announce the best multi-unit developments in Perth at the Master Builders-Bankwest Excellence in Constructions Awards

The Melbourne property developer Pace Development Group&nbsp;have won&nbsp;the Master Builders Victoria award for Excellence in Construction - Highrise Buildings 2020 for their Abbotsford development Pace of Abbotsford.

The 12 level tower was designed in collaboration with SJB Architects and pays homage to Abbotsford&rsquo;s rich industrial past through a thoughtful and relevant design response.

They restored the landmark 1923 St Crispin House fa&ccedil;ade to its former glory, which forms the street level of the building along with a Woolworths Metro and a Sparrows speciality wine store.

St Crispin House was named after the patron saint of shoemakers &ndash; a nod to its first tenants the Grimson Shoe Machinery Company. The Art Deco building is also a symbol of the wider history of shoemaking and related industrial operations throughout Abbotsford.

[smartcode_project:default project_id=3755]

Pace created a contemporary juxtaposition of modern apartments above the historic red-brick building. There are 133 loft-style apartments featuring four metre ceilings.

The rooftop infinity pool is the standout, with sweeping views across Melbourne. There&#39;s also a gym,&nbsp;BBQ and dining area and a resident library. On the fifth level is a garden terrace designed by Jack Merlo.

It&#39;s Pace&#39;s second consecutive win of the award, having won it in 2019 for their Collingwood project Pace of Collingwood, their 100th project.

Pace Development Group latest development is Pace of Blackburn, where the final stage is now on market.

[smartcode_project_cta: project_id=7211]

Pace Development Group win Master Builders Victoria award for Pace of Abbotsford

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EXPERT OBSERVATION
Master Builders is calling on the Federal Government to fund a new initiative, CommunityBuilder Grants, in the October Federal Budget to activate the construction of community and non-for-profit facilities, in its Pre-Budget Budget Submission released today.
We are calling for the Federal Government to adapt the highly effective HomeBuilder scheme model to do for the commercial construction sector what they done for the housing sector.
Commercial construction activity will suffer a major fall of more than 17% in 2020/21 according our latest forecasts.
This will put under the viability of thousands of SME commercial construction businesses and the jobs of the thousands of tradies they employ, unless the Government steps in with measures such as CommunityBuilder.
We propose that CommunityBuilder would involve the Federal Government providing applicants from the not-for-profit and community sector with grants to fund 25% of the construction, up to a capped amount for example $5 million, for facilities such as community centres, toilet blocks, libraries and training centres.
Grant recipients could supplement CommunityBuilder grants with state and local government grants, but they would need to come up with the rest of the funds. Grant recipients with ‘skin in the game’ increases the impact of taxpayer’s stimulus measures and ensures projects will be constructed with value for money in mind.
Our modelling shows that an investment of $3.8 billion in CommunityBuilder would return a $6.8 billion boost to GDP and create 13,000 new jobs.
Since the onset of the pandemic the Prime Minister has always advanced the protection of jobs as his highest priority. The Governor of the Reserve Bank has consistently shared the PM’s sentiment and he reinforced it again on Friday when he told the Parliament that government’s should more worried about unemployment than anything else and that “fiscal spending with get people back to work".
Our industry has more businesses on JobKeeper than any other sector of the economy and Master Builders is gravely concerned about their continuing viability and the livelihoods of the people they employ.
That is why we are calling on the Government to including funding of our the CommunityBuilder grants proposal in the October Budget. As the sector with the third largest economic multiplier effect in the economy, commercial construction is vital to building a bridge to economic recovery and saving jobs.
DENITA WAWN is the CEO of Master Builders Australia
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j.ballantyne1990-6AQqhLzZaK

Master Builders Australia call for new CommunityBuilder grants: Denita Wawn

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EXPERT OBSERVATION
Master Builders Australia is calling for an extension of the Federal Government’s HomeBuilder grants scheme in its Pre-Budget Submission released today.
We want to see the Federal Government extend what has been the most effective government stimulus measure in a decade for an additional 12 months,
Despite the undeniable success of HomeBuilder so far, we have downgraded our forecast for the housing sector by 25% for 2020/21 so that we are now predicting a 27% fall in homebuilding activity compared to 2019/20.
This will be calamitous for many of the nearly 370,000 home building businesses that are vital to local economies and communities throughout Australia unless the Government steps in with extension of HomeBuilder and other stimulus measures.
Our modelling shows that, based on the Government’s estimate that HomeBuilder Mark I will cost $680 million, that a one year extension, or HomeBuilder Mark II, will require an investment of $1.3 billion, return a boost to GDP of up to $4.5 billion, create more than 4,500 additional new jobs and result in the construction of more than 6,000 new homes in addition to those created in HomeBuilder Mark I.
The Federal Government showed its commitment to builders and tradies when it announced HomeBuilder Mark I and they must be given credit for that. They should now double down to secure to further jobs by including HomeBuilder Mark II in the October Budget.
DENITA WAWN is the CEO of Master Builders Australia
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Master Builders Australia call for HomeBuilder extension: Denita Wawn

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A riverfront five-bedroom, four-bathroom house in Corinda was sold for $5.1 million through Adcock Prestige estate agent Jason Adcock. 
The <a href="https://www.realestate.com.au/sold/property-house-qld-corinda-129462306" target="_blank">Richmond Street residence</a> is a winner of The Master Builder's Association "Australian House of The Year" with a 39 metre river frontage and unobstructed views across the river to the parkland. 
<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/2020/5/27/16_Corinda%20Front%20.jpg" alt="">
The 3,633 sqm north-facing estate has two street frontages and surrounded by parkland and manicured lawns. 
The estate features high ceilings, glass walls, open plan living, dining and kitchen, and theatre room. 
Upstairs is the master ensuite with dressing room space, an island bath, chandelier, double shower, double vanity and huge river-view balcony. 
Below entry level is the home's wine cellar, multiple storage spaces and four car garaging equipped with Tesla charging facilities. 
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Award-winning riverfront house in Corinda sold for $5.1 million

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EXPERT OBSERVER
The volume of new apartment building is smaller than at any time since July 2012. 
Just released figures from the ABS show that new home building approvals lost another 8.4% during December 2018.
Detached house approvals were down by 2.1% but approvals for new apartments/units dropped by 18.6% during the month.
Today’s ABS figures complete the full 12-month picture for 2018. For the year overall, the volume of new home building approvals was pretty strong with over 212,000 permits issued for new dwellings.
This was down only modestly (-5.6%) compared with the 2017 total.
More worrying is the pace at which approvals have been falling back over more recent months.
During the final three months of 2018, total approvals were 23.7% lower than a year earlier – with apartment approvals suffering a 40.1% reduction over this period.
Faltering new home building activity has been occurring against the backdrop of falling house prices, the Royal Commission’s work and uncertainty about what housing policy will look like after May’s Federal Election.
Clearing up some of these uncertainties would help get the housing market back on its feet.
During December, new dwelling approvals increased in three markets including South Australia (+5.6%), the Northern Territory (+1.7%) and Western Australia (+1.1%).
The largest reduction in approvals hit Tasmania (-24.3%) followed by the ACT (-21.3%). The volume of approvals also declined in New South Wales (-8.6%), Victoria (-8.1%) and Queensland (-5.8%).
Shane Garrett is Master Builders Australia’s Chief Economist
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New apartments volumes weakest since mid 2012: Shane Garrett

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"The pace of increase in rents remains at its slowest in 25 years,” according to Shane Garrett, Chief Economist of Master Builders Australia.
ABS inflation data show that over the year to September 2018, rents increased by just 0.6%.
He said, "the last time we saw a smaller increase in rental prices was back in late 1993."
“Rents have been increasing at a much weaker pace than both wages and general inflation over recent years” 
“Current arrangements around Negative Gearing and the Capital Gains Tax discount are also crucial to ensuring that a large enough supply of rental accommodation makes it onto the market from year to year. Introducing any restrictions here could cause shortages of rental accommodation to develop,” Shane Garrett concluded.
There is considerable variation in rental price inflation across Australia’s eight capital cities.
Over the year to September 2018, Hobart rents saw the largest increase (+4.5%), followed by Canberra (+3.0%).
Rents also rose in Sydney (+1.9%), Melbourne (1.8%) and Adelaide (+0.8%) over the same period.
Perth rents saw a sharp decline over the year (-6.1%) with rents also falling in Darwin (- 4.6%) and Brisbane (-0.1%) over the same period.
 
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Rental inflation at its weakest in a quarter of a century: Shane Garrett

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National builder Vaughan Constructions has won the prestigious industry award, the Master Builder of the Year Award at the recent Master Builders Association Victoria Awards.
The awards, which showcase exceptional craftsmanship and standards of excellence in the commercial building sector, also honoured Vaughan with the award for <a href="https://www.mbav.com.au/2018-excellence-construction-awards">Excellence in Construction of Industrial Buildings</a> for its work on the $165 million Dulux Merrifield Coatings Plant at Mickleham.
Vaughan Constructions Director Mark Byrne said superior ECI project methodology works with the client to achieve the best possible outcome.  
He said ECI (Early Contractor Involvement) meant utilising the builder’s expertise as early as possible in the development process to maximise both cost and operational efficiencies in the design and construction of a building.
"There’s no greater disaster for a client than getting the design they want but one they can’t afford or that ultimately doesn’t meet the desired outcome,’’ Byrne said. 
Vaughan Constructions was engaged under an ECI agreement to complete the base build of Dulux Merrifield (pictured above), a task which was expanded as the project’s design and implementation progressed to also take on responsibility for the completion of the production process fitout.
Dulux Group Project Director, Kevin Worrell, said Vaughan Constructions had completed both the base build and integrated fitout of the Dulux facility which is now the largest coatings factory in Australia and New Zealand. 
Master Builders Victoria CEO, Radley de Silva, praised Vaughan for the Dulux building’s complexity and its ability to remain durable in a harsh, chemical-based environment. 
Vaughan Constructions will now compete at the Master Builders Association National Excellence in Building and Construction Awards at the Adelaide Convention Centre in November. 
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Vaughan Constructions named Master Builder of the Year

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Master Builders Australia has appointed Denita Wawn as chief executive officer, effective 20 March 2017.
Mrs Wawn will be Master Builders’ first female CEO in its 127 year history and the third CEO in thirty years.
Dan Perkins, national president of Master Builders, said the board is confident her  leadership will see the implementation of its vision for Master Builders as a modern, credible and influential national voice.
“Denita has impeccable credentials for success including her wealth of experience spearheading game changing advocacy and industrial relations campaigns at the National Farmers Federation (NFF), and the Australian Hotels Association (AHA),” he said.
“As CEO of the Brewers Association of Australia and New Zealand, Denita implemented a highly successful reputational change strategy at a national and international level.
“Denita has spent over the past 12 months as General Manager Operations at Master Builders, giving her a strong foundation to understand the issues impacting on Master Builders and our members.
"The Board is excited by Mrs Wawn’s leadership, her strong grasp of the factors which drive success in industry associations, and her passionate commitment for standing up for the interests of members."
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Denita Wawn appointed CEO, Master Builders Australia 

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Chief executive officer of the Master Builders Australia, Wilhelm Harnisch, will step down from his role after 15 years.
He has been with the association for 26 years. He was appointed as chief economist in 1991, deputy CEO in 1996 and CEO in 2002.  
He said it has been a privilege to lead the most influential lobby group that represents the whole spectrum of the building and construction industry.
Dan Perkins, Master Builders Australia national president said Wilhelm has been a tireless advocate for the building and construction industry and his longevity as CEO is testament to his success.” 
“Under his leadership, Master Builders Australia has become a highly influential and effective voice in promoting the building and construction sector for its 32,000 members," he said.  
"His hallmark as CEO has been his passion for the industry, his bi-partisan approach and highly disciplined evidence based advocacy."
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