<p>Not all apartment amenities are immediately visible.</p>

<p>Swimming pools, gyms, rooftop terraces and residents' lounges have long featured on buyers' wishlists, but as the way Australians live has changed, so too have the features that make apartment living more convenient.</p>

<p>Increasingly, buyers are placing value on the practical aspects of day-to-day life. Fast internet, EV charging, secure bike storage, flexible workspaces and parcel management are becoming just as relevant as lifestyle amenities, reflecting changing habits and expectations.</p>

<p>Online shopping has been one of the biggest drivers of that shift.</p>

<p>Australians spent a record $82.6 billion shopping online in 2025, with almost one in every four retail dollars now spent digitally, making parcel deliveries a routine part of everyday life rather than an occasional convenience.</p>

<p>For apartment residents, however, receiving those deliveries isn't always straightforward.</p>

<p>Without someone home to accept a parcel, deliveries can be redirected to a nearby Post Office, left in building foyers or common areas, or require building management to temporarily store packages. As apartment living continues to grow across Australia's cities, parcel management has become an increasingly important consideration for both residents and developers.</p>

<p>Australia Post's Parcel Locker network is one response to that shift.</p>

<p><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/KPZ9j5FRdsQ?si=Qztc1dNP3ZvEIUhb" title="YouTube video player" width="560"></iframe></p>

<p>Rather than relying on home delivery, eligible parcels can be directed to a nominated Parcel Locker, where they're securely stored until collected. Once a parcel arrives, residents receive a notification through the AusPost app or SMS and can retrieve it using a one-time code or QR code at a time that suits them.</p>

<p>The network has expanded to more than 1,500 locations nationwide, with Parcel Lockers positioned at Post Offices, shopping centres, supermarkets, transport hubs and, increasingly, within or alongside residential developments.</p>

<p>That growing presence reflects a broader change in how apartment buildings are being planned.</p>

<p>Developers are increasingly considering the operational side of apartment living alongside traditional lifestyle amenities. Just as secure mailrooms, bicycle storage and EV charging have become more common inclusions, parcel management is emerging as another feature that supports everyday convenience.</p>

<p>It also helps preserve the arrival experience within a building. Carefully designed lobbies and communal spaces can quickly become cluttered when deliveries accumulate, while secure parcel solutions reduce the likelihood of missed deliveries or parcels being left unattended.</p>

<p>For buyers comparing apartments, these everyday details are becoming part of the decision-making process.</p>

<p>Location, floorplans and finishes remain fundamental, but the features that simplify daily life are carrying greater weight than they once did. As online shopping continues to shape consumer behaviour, secure parcel delivery is increasingly becoming another amenity worth looking for.</p>


Joel Robinson

Parcel delivery is joining the apartment amenity checklist

<p data-end="471" data-start="164">Inca Property Group has lodged a State Significant Development Application (SSDA) for Dawn, a 53-apartment oceanfront development overlooking Mona Vale Beach.</p>

<p data-end="777" data-start="473">The proposal, at 35-39 Darley Street East, would replace an existing 18-apartment strata building with a new owner-occupier-focused development comprising 53 two and three-bedroom apartments, including nine affordable built-to-rent residences delivered under the State's infill affordable housing scheme.</p>

<p data-end="976" data-start="779">Positioned on a 2,679 sqm elevated site around 280 metres from Mona Vale Beach, the development has been designed to maximise panoramic ocean views while responding to the site's sloping topography.</p>

<p data-end="1119" data-start="978"><a href="https://www.apartments.com.au/developers/inca-property-group">Inca Property Group</a> Managing Director Josh Thompson said the State Significant pathway provided greater certainty for projects of this scale.</p>

<p data-end="1399" data-start="1121">"This State Significant pathway gives the team real certainty to progress <a href="https://www.apartments.com.au/new-apartments/dawn-35-39-darley-street-east-mona-vale-nsw-2103">Dawn</a> through to completion," Thompson said.</p>

<p data-end="1399" data-start="1121">"It allows us to acquire a one-off site, design it carefully and deliver the right offering for the suburb, assessed by the NSW Government's planning department."</p>

<p data-end="1605" data-start="1401">The project is one of the first developments in the area to be assessed under the NSW Government's Low and Mid-Rise Housing policy, with the site sitting on the edge of the policy's designated inner area.</p>

<p data-end="1852" data-start="1607">The proposal includes three basement levels providing 124 car spaces, alongside a range of resident amenities including a swimming pool, gym, sauna, wellness facilities and private plunge pools for selected ground-floor and penthouse apartments.</p>

<p data-end="1852" data-start="1607"><img alt="Dawn" data-entity-type="file" data-entity-uuid="fc1a1daf-0ce4-4f12-9076-b1fa553c7a91" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-21%20at%208.42.11%E2%80%AFAM.png?VersionId=4GZ9h.gpNkTljbxyAET8Jfhv51XUamDm" /></p>

<p data-end="2031" data-start="1854">Thompson said Dawn had been designed specifically for owner-occupiers and downsizers, a buyer profile that has driven demand across Inca's recent Upper North Shore developments.</p>

<p data-end="2299" data-start="2033">"The majority of buyers in our recent North Shore projects have been downsizers, and we are learning exactly what this market is looking for. Beyond the location itself, we have included resort-style amenities to deliver a genuine lifestyle offering," Thompson said.</p>

<p data-end="2588" data-start="2301">Located within walking distance of Mona Vale Beach, the town centre, Mona Vale Golf Club and the Royal Motor Yacht Club, Dawn represents Inca's first Northern Beaches project following the sell-out of Tara on Park in Waitara and Ellis Residences, currently under construction in St Ives.</p>

<p data-end="4143" data-start="3991">Construction will be undertaken by Inca's in-house construction arm, GOP Constructions.</p>

<p data-end="593" data-start="417">Dawn is the latest major apartment proposal for Mona Vale, with the suburb emerging as one of the key beneficiaries of the NSW Government's new Low and Mid-Rise Housing policy.</p>

<p data-end="789" data-start="598">New developer One Living, led by industry veteran Joseph Scuderi, recently secured a site on Mona Vale Road, on the border of Mona Vale and Pymble, where it is planning around 140 apartments.</p>

<p data-end="1053" data-start="794">IPM is also planning its third project in Mona Vale, significantly increasing the scale of its previous developments with an 82-apartment proposal at <a href="https://www.apartments.com.au/new-apartments/159-167-darley-street-west-mona-vale-nsw-2103">159-167 Darley Street West</a>, opposite Bayview Golf Course and less than 800 metres from Mona Vale town centre.</p>

<p data-end="4143" data-start="3991"><em>Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/one-living-enters-sydneys-new-apartment-market-with-northern-beaches-site-acquisition">One Living enters Sydney's new apartment market with Northern Beaches site acquisition</a></em></p>

<p data-end="4143" data-start="3991"><em>Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-ipm-plans-third-mona-vale-project">First look: IPM plans third Mona Vale project</a></em></p>


First look: Inca eyes Mona Vale with State Significant DA for Dawn apartments

<p>Seasoned Victorian apartment developer <a href="https://www.apartments.com.au/developers/central-equity">Central Equity</a> has logged more than $400 million in sales in its luxury apartment project Palmera Residences at Northcliffe on the Gold Coast.&nbsp;</p>

<p>Central Equity Director Karl Kutner said the sales result reflected a combination of location, product quality and delivery certainty with the project already under construction by building powerhouse Multiplex.&nbsp;</p>

<p>"Surpassing $400 million in sales since launch is a significant milestone and an outstanding endorsement of <a href="https://www.apartments.com.au/new-apartments/palmera-residences-gold-coast-18-garfield-terrace-surfers-paradise-qld-4217">Palmera Residences</a>,” he said.&nbsp;</p>

<p>"We believe one of the key reasons for this strong result is the confidence purchasers have in knowing the project is under construction with Multiplex. Buyers are increasingly looking for certainty. They want to know that the project they commit to today will be delivered by an experienced team with a proven track record."&nbsp;</p>

<p>[smartcode_project:default project_id=108274 project_image_fid=365782]</p>

<p>Kutner said it was clear there was still high demand for luxury projects that offered certainty of delivery.&nbsp;</p>

<p>“We are in a market where many residential developments have faced delays due to rising construction costs, labour shortages and financing challenges,” said Kutner.&nbsp;</p>

<p>"But having construction underway has provided our buyers with resounding confidence backed by more than 40 years of development delivery by Central Equity combined with construction by one of Australia's most respected construction companies."&nbsp;</p>

<p>[smartcode_project:default project_id=108274 project_image_fid=365785]</p>

<p>Central Equity is one of Australia's most experienced privately-owned property developers. Over more than four decades, the company has delivered in excess of 85 residential developments including 10,000 apartments and many thousands of stand alone homes.&nbsp;</p>

<p>Located on Garfield Terrace at Northcliffe, between Surfers Paradise and Broadbeach, Palmera Residences occupies one of the Gold Coast's most sought after beachside locations. The development has been designed to appeal to owner occupiers seeking premium residences that combine generous living spaces and resort style amenities.&nbsp;</p>

<p>Palmera Residences will feature an exceptional collection of resort style amenities, including two swimming pools: a generously sized family pool with safe shallow zones for relaxed recreation, and a 20 metre lap pool positioned to maximise all day sunlight.&nbsp;</p>

<p>Residents will also enjoy exclusive access to wellness and recreational facilities including a magnesium pool, sauna, yoga studio, expansive fitted gymnasium, resident lounge, outdoor BBQ’s&nbsp;and indoor and outdoor dining areas, together with a dedicated concierge and luxurious hotel inspired entrance foyer.&nbsp;</p>

<p>[smartcode_project:default project_id=108274 project_image_fid=365767]</p>

<p>A unique feature at Palmera Residences has been designed to enhance the Gold Coast lifestyle which includes both indoor and outdoor gymnasium facilities, together with thoughtfully designed indoor and outdoor dining and entertaining areas. A corner café has also been incorporated to provide residents with a destination for their everyday needs.&nbsp;</p>

<p>Kutner said buyer demand had been broad based with purchasers attracted from interstate as well as throughout South East Queensland.&nbsp;</p>

<p>"We're seeing strong interest from owner occupiers, lifestyle buyers and people relocating to the Gold Coast. Many purchasers have been searching for a premium beachside residence where quality, design and delivery are equally important."&nbsp;</p>

<p>[smartcode_project:default project_id=108274 project_image_fid=365771]</p>

<p>Kutner said the sales milestone was an important achievement, but the focus remained firmly on delivering an exceptional development.&nbsp;</p>

<p>"While reaching $400 million in sales is an important milestone, our priority remains delivering a project that exceeds purchaser expectations,” he said.&nbsp;</p>

<p>"Palmera Residences has been designed to become one of the Gold Coast's landmark residential addresses, and we look forward to welcoming our purchasers to their new homes."&nbsp;</p>

<p>There are a limited number of residences remaining in selected configurations with pricing from $2,950,000 to $8,950,000. Palmera Residences is also crowned by expansive penthouses with wrap around views.</p>

<p>[smartcode_project_cta:default project_id=108274]</p>


Construction certainty and strong buyer demand drive major sales result for luxury Gold Coast development

Palmera Residences fly out the door as sales pass $400 million

<p>National property developer <a href="https://www.apartments.com.au/developers/goldfields-group">Goldfields</a> has appointed BINAH as its construction partner for Quartet, its new Brisbane apartment development in the undersupplied suburb of <a href="https://www.apartments.com.au/developments/milton-qld-4064">Milton</a>.</p>

<p>Located just two kilometres from the Brisbane CBD and moments from key 2032 Olympic precincts, <a href="https://www.apartments.com.au/new-apartments/quartet-milton-33-manning-street-milton-qld-4064">Quartet</a> will deliver 131 one, two, three, and four-bedroom apartments priced from $1 million to $4.2 million, combining elevated design with a wellness-focused lifestyle offering.&nbsp;</p>

<p>[smartcode_project:default project_id=108736 project_image_fid=368000]</p>

<p>Goldfields’ Chief Executive Officer, Lachlan Thompson, said the appointment of <a href="https://www.apartments.com.au/builders/binah-constructions">BINAH</a> marked an important milestone for the project.&nbsp;</p>

<p>“Bringing BINAH on board as our construction partner will allow us to bring our vision for Quartet forward with a team that has a proven track record of delivering high-quality residential projects,” Thompson said.&nbsp;</p>

<p>“We’ve taken a considered approach to progressing the site because we wanted to deliver the whole package. Buyers ultimately back great developers, great projects and great builders, and with Quartet, we’ve made sure all three line up.</p>

<p>“People want certainty, they want to know the project will be built, that the homes will be delivered as promised, and that the developer stands behind the quality of what they create. That’s something Goldfields has built its reputation on over many years.”&nbsp;</p>

<p>[smartcode_project:default project_id=108736 project_image_fid=367993]</p>

<p>BINAH’s Managing Director, Khalil Hafza, said the company was proud to be partnering with Goldfields to deliver Quartet.&nbsp;</p>

<p>“Quartet is an exciting project to bring to life, particularly given the level of detail in the residences and the extensive rooftop amenity planned for the building,” Mr Hafza said.&nbsp;</p>

<p>“Our focus is on delivering a high-quality build that brings that design vision to life and creates homes residents will enjoy for many years.”&nbsp;</p>

<p>[smartcode_project:default project_id=108736 project_image_fid=367999]</p>

<p>The facilities at Quartet have been feared towards the roof, with a&nbsp;25 metre lap pool, spa, sauna and cold plunge, and a communal barbecue area and alfresco.</p>

<p>Town planning was designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and brought to life by Melbourne-based architecture firm Cera Stribley.</p>

<p><a href="https://www.apartments.com.au/interior-designers/cera-stribley">Cera Stribley</a> Co-Founder and Managing Principal, Dom Cerantonio, said the project responds to both its riverside setting and Brisbane’s evolving urban character.&nbsp;</p>

<p>“Quartet has been designed to sit comfortably within its riverside context, offering a refined take on urban living through well-planned, generously proportioned residences that will stand the test of time,” Mr Cerantonio said.&nbsp;</p>

<p>“An emphasis on natural light, natural textures and carefully selected finishes from timber and marble to premium appliances, creates calm, considered interiors designed for comfort and long-term liveability.”&nbsp;</p>

<p>Construction of Quartet will commence in July 2026, with completion anticipated in Q4 2028.</p>

<p>[smartcode_project_cta:default project_id=108736]</p>


Construction to commence on 131-residence tower designed around wellness-focused living

Goldfields appoints BINAH for Quartet apartments in Milton

<p>The first partnership between national developer <a href="https://www.apartments.com.au/developers/fortis">Fortis</a> and Adelaide-based developer <a href="https://www.apartments.com.au/developers/otello">Otello</a> has made a strong start, with the pair securing $21 million in unconditional sales at <a href="https://www.apartments.com.au/new-apartments/one-four-four-hutt-adelaide-144-hutt-street-adelaide-sa-5000">One Four Four Hutt</a>&nbsp;on the edge of the Adelaide CBD.</p>

<p>Over a third of apartments have been snapped up in the boutique 44-apartment project on the corner of Hutt Stret and Wakefield Road. Local downsizers and owner-occupiers wanting to remain in Adelaide's tightly-held southeast quarter have been the most prominent purchasers.</p>

<p>The DKO-designed, mixed-use development is one of the few new apartment projects in the precinct, an area where new housing supply has remained limited despite continued demand from buyers wanting to stay close to the CBD, Victoria Park and Adelaide's established east-end amenities.</p>

<p>[smartcode_project:default project_id=151233 project_image_fid=375378]</p>

<p>Fortis Head of Development SA Arthur Dendrinos said the early sales reflected both the strength of the local owner-occupier market and confidence in the Hutt Street location.</p>

<p>"The level of early commitment reflects the confidence local buyers have in the Hutt Street precinct," Dendrinos said.</p>

<p>"Many purchasers are long-term east-end residents who love the area and want to stay connected to the neighbourhood. They recognise the value of a well-designed, well-located development.</p>

<p>"Our partnership with Otello has been central to this success, and the number of unconditional sales at this stage only strengthens our confidence in the South Australian market."</p>

<p>[smartcode_project:default project_id=151233 project_image_fid=375379]</p>

<p>Otello Director Daniel Harris said the sales result also highlighted the lack of new apartment opportunities within the Hutt Street precinct.</p>

<p>"One Four Four Hutt has clearly resonated with buyers, with strong early sales reflecting both the appeal of the Hutt Street corridor and the lifestyle on offer," Harris said.</p>

<p>"The activated ground-floor retail has also been a key drawcard, with purchasers responding to the vision of a more vibrant and connected streetscape, not just the residences themselves."</p>

<p>One Four Four Hutt will deliver 44 one, two and three-bedroom apartments, alongside a collection of penthouses, above a ground-floor retail offering designed to further activate the Hutt Street precinct.</p>

<p>Construction is scheduled to commence in the third quarter of this year, with completion anticipated in 2028.</p>

<p>[smartcode_project_cta:default project_id=151233]</p>


Fortis Head of Development SA Arthur Dendrinos said the early sales reflected both the strength of the local owner-occupier market and confidence in the Hutt Street location.

Fortis makes Adelaide debut with Otello as One Four Four Hutt records strong early sales

Mcgrath

<p>With substantial forecasted population growth, and the North West Metro, Castle Hill is becoming a sought-after suburb. Offering genuine value compared to more established apartment markets like Chatswood, St Leonards and Macquarie Park, it is attracting first home buyers, investors, downsizers and upsizers. Due to complete Spring 2024, Grand Reve has been billed as the most prestigious development ever offered in the Hills District.</p>

<p>Hear from Sydney local Gerry, who recently purchased his new home at Kassis Homes' Grand Reve as well as Josephine, who recently purchased two new properties at Kassis Homes' Grand Reve.</p>

<p>&lt;iframe width="560" height="315" src="https://www.youtube.com/embed/b2-cVGxhNtQ?si=GiknCU48EDLJIcz6" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen&gt;&lt;/iframe&gt;</p>

<p>[smartcode_project_cta:default project_id=94147]</p>

<p>*Dasco has been rated 4.5 gold stars in the NSW Government's Rating System, iCIRT, which helps prospective buyers more easily identify building professionals who have a proven track record, supported by objective evidence of their past capability to deliver buildings you can trust. The more stars, the more confidence your construction industry professional is likely to deliver a reliable outcome.</p>

<p>&lt;iframe width="560" height="315" src="https://www.youtube.com/embed/VXyo-f3_kEQ?si=TIyi2dsofYbqGT8I" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen&gt;&lt;/iframe&gt;</p>

<p>[smartcode_project_cta:default project_id=94147]</p>

<p>[smartcode_project:default project_id=94147 project_image_fid=203070]</p>

<p>[smartcode_project:default project_id=94147 project_image_fid=203069]</p>

<p>&nbsp;</p>


Hear from Sydney local Gerry, who recently purchased his new home at Kassis Homes' Grand Reve as well as Josephine, who recently purchased two new properties at Kassis Homes' Grand Reve.


Olivia Round

Grand Reve Recent Purchaser Testimonials from Josephine & Gerry

<p>It's not often an off the plan buying opportunity comes up in Marrickville, Sydney's popular inner west suburb.</p>

<p>Following their success of Kindred apartments nearby, Astute Property Developments are soon to launch their latest development in the area which has become popular for its breweries and eclectic dining scene.</p>

<p>The new project, Mosaic, will see 43 apartments created on Illawarra Road, the heart of Marrickville. The name Mosaic pays homage to the mosaic artworks dotted around Marrickville, as well as the diverse mix of architectural styles and its buzzing music and foodie scene.</p>

<p>Astute Property, led by managing director Fady Rizk, are developing and building the eight-level project, which is coming up for sale through McGrath Projects.</p>

<p><img alt="The view from Mosaic Marrickville" data-entity-type="file" data-entity-uuid="737630ed-c359-477d-963c-348dd039de66" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-08-23%20at%206.52.59%20am.png?VersionId=QEAX7Q3vdlSe3ez91kkt1Ft5UXCNDuTh" /></p>

<p>“We spent the last 12 months modifying the existing DA, focusing on reducing the number of apartments to increase study and living space and accommodating people who continue to work from home,“ Rizk says.</p>

<p>“This site is a rare find in Marrickville and we’re excited to transform a previously derelict building and revamp the strip that is fast establishing itself as the ‘eat street’ of Marrickville.”</p>

<p>The project includes a mix of one, two and three-bedroom apartments with prices starting from $820,000 for a one-bedroom apartment which range in size from 50 to 55 sqm internally, with a further 12 to 25 sqm of internal space.</p>

<p><img alt="The communal area at Mosaic in Marrickville" data-entity-type="file" data-entity-uuid="64b3ef42-10b1-44bc-8571-350df763d304" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-08-23%20at%206.53.42%20am.png?VersionId=pCmkzvXX.K_PiCV5nf7x9fl4Tv50JaPu" /></p>

<p>The two-bedders will start from $1,195,000, and range in size from 75 to 89 sqm internal and a further 10 to 40 sqm external.</p>

<p>The largest apartments, with three bedrooms, have 100 sqm of internal space and 15 to 20 sqm external.</p>

<p>Colin Griffin, Associate Director for McGrath Projects, says the team has created a unique premium offering for Marrickville which he believes will appeal to both investors and owner occupiers.</p>

<p>“‘Mosaic’ provides a great opportunity for investors to secure a premium product, at a desirable price point, that is in limited supply in Marrickville," Griffin says.</p>

<p>"Tenants are looking for quality properties in an area that has all the elements you want in a desirable lifestyle close to transport, schools and parks, plus – great dining options, cafes even live music and are happy pay a premium for all this at their doorstep. As a result, Investors are always looking to purchase where tenants want to be.</p>

<p>“We also expect strong interest from young families and young professionals who understand the vibe of Marrickville, looking to upgrade their home and live in an area that they already love.”</p>

<p>Benson McCormack Architects and interior design studio Axlund &amp; Goldstein Interiors have collaborated on the project, which includes 200 sqm of private residential space on level four which will feature a communal garden.</p>

<p><img alt="The new Mosaic development in Marrickville" data-entity-type="file" data-entity-uuid="de989fd7-f7c3-46c0-9831-9cd300dd44f9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-08-23%20at%206.52.54%20am.png?VersionId=ZGiSsVr.eWxf.TvHCjisnKTSWggjKLMq" /></p>

<p>“The open space with communal intimate zones enables a number of groups to use the area and enjoy the city views, with a little sense of privacy,” Rizk added.</p>

<p><strong>Fast Facts</strong></p>

<p>Mosaic is expected to be completed at the end of 2023.</p>

<p>Product mix: 16 x 1 bedroom; 25 x 2 bedroom; 2 x 3 bedroom apartments.</p>

<p>4 x Ground Floor retail tenancies totalling 410m2.</p>

<p>One-bedroom apartments range in size from 50-55 sqm internal and 12-25 sqm external and are priced from $820,000 to $940,000.</p>

<p>Two-bedroom apartments range in size from 75-89 sqm internal and 10-40 sqm external and are priced from $1,195,000 to $1,495,000.</p>

<p>Three-bedroom apartments range are each approximately 100sqm internal with 15-20 sqm external and are priced at approximately $1,800,000.</p>


Astute Property, led by managing director Fady Rizk, are developing and building the eight-level project, which is coming up for sale through McGrath Projects

Marrickville set for rare new apartment development

<p>While house values have rocketed over 2021, apartment values have too quietly shown steady growth over the year to date.</p>

<p>And as house prices continue to escalate and become affordable for many, apartments are becoming a much more attractive, and necessary, proposition, with further growth forecast when international borders open and investors come back in to the market.</p>

<p>Urban recently caught up with John McGrath, who founded McGrath back in 1988, to discuss how the apartment market went in 2021, and how it is shaping up for the next few years.</p>

<p><strong>JC: How have you viewed the performance of the apartment market (established and or off the pl​an) in 2021, and what are the strongest positive and negative factors that will influence outcomes in 2022 and 2023?</strong></p>

<p><strong>JM</strong>: There’s no doubt that apartments, other than luxury, have missed much of the price surge that established houses have enjoyed. &nbsp;In many locations we’ve seen houses prices escalate by 35-40% and&nbsp;in those same areas we’ve seen a more modest 5-10% rise in apartment values.</p>

<p>There are a few reasons for this. Firstly, apartments have a larger investment buyer profile &amp; the strongest demand has been from owner occupiers. Also a large percentage of apartments that are not bought by investors sell to first home buyers who generally don’t have the same buying power or discretionary spending that is appearing higher up the price chain.</p>

<p>And finally, in many of the big cities apartments have been hit hard by the closure of international borders &amp; less inflow of migrants &amp; students which have increased vacancy &amp; reduced rental returns momentarily. But I think if anything this makes apartment buying represent better growth in many parts of the country as houses become less affordable and&nbsp;overseas borders open up in 2022.</p>

<p>[smartcode_project:default project_id=94147 project_image_fid=152849]</p>

<p><strong>JC: What trend (short term or long term) has prompted your greatest enthusiasm for the apartment market, and what is the issue of most concern to you and or your clients?</strong></p>

<p><strong>JM</strong>: In general apartment living has replaced the traditional quarter acre aspiration for many Australians due primarily to housing affordability for younger buyers and&nbsp;also an ongoing desire to live in urban, inner city and&nbsp;beachside locations. And whilst COVID has driven many buyers to more remote lifestyle areas there’s no doubt that convenient, secure, low maintenance strata living will continue to be in great demand as we move through the immediate impacts of the pandemic. &nbsp;</p>

<p>And as COVID has changed the way many of us live, many developers have also pivoted &amp; are now designing and&nbsp;buil​ding apartments that cater to the needs of this changing environment. And finally I believe the ideal combination of many empty nesters moving forward will be a great inner city living space along with a getaway within two hours so apartment living will reinvent itself and&nbsp;deliver the population what it wants post-COVID.</p>

<p>[smartcode_project:default project_id=9040 project_image_fid=28461]</p>

<p><strong>JC:&nbsp;Has urbanisation stalled or what will it look like over the decade ahead?</strong></p>

<p><strong>JM</strong>: As more employers and&nbsp;employees discovered that they no longer need to travel to a central location to effectively conduct their work I believe we will find a reduction of 25-35% of the workforces commuting daily to the CBD and&nbsp;commercial centres.</p>

<p>So this will have an impact on many jobs, employees and&nbsp;employers. Ans as many opt for home-based work this will undoubtedly have some impact on the shape of home and&nbsp;work environments &amp; locations.</p>

<p>Proximity to these commercial hubs for a percentage of the population will become less of a priority and&nbsp;lifestyle benefits such as proximity to family, beaches and&nbsp;parks will move up the checklist. But many people still want to be located within a reasonable commute of the many lifestyle benefits located in and around the CBD so I have no doubt that demand for these will continue to be in high demand.</p>

<p>[smartcode_project:default project_id=24444 project_image_fid=81414]</p>

<p><strong>JC: How important do you view the push for sustainability practices in the apartment market/new housing estates, and what initiative has seized your interest or focus?&nbsp;</strong></p>

<p><strong>JM</strong>: With more &amp; more demand for environmental sustainability from all generations there’s no doubt that buildings that are both gentler on the environment and&nbsp;more self-sufficient will become increasingly popular, especially for the younger generations.</p>

<p>As yet we’ve seen some movement in this direction but I expect this to rapidly escalate moving forward due to increasing education and&nbsp;agitation towards a cleaner greener environment. I think we will see this manifest in more environmentally friendly building materials as well as buildings that are less taxing on the planet once built.</p>

<p>Even though much of the demand has been driven from Generation X &amp; Y we are also seeing older generations paying more attention of late which will increase the pressure on developers to build bu​ildings that fall in line with not only council expectations but more importantly the expectations of the community and&nbsp;residents.</p>


"Apartment buying represents better growth in many parts of the country as houses become less affordable and overseas borders open up in 2022."

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Apartment living to reinvent itself post COVID: Five minutes with John McGrath

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<p>The ASX-listed real estate agency McGrath have announced they have returned to net profitability, with new chief executive Eddie Law citing a relatively strong residential real estate market over the past four months.</p>
<p>"It appears consumers are re-assessing their home needs and aspirations in a post-COVID world," Law, who was speaking at his first AGM having taken the top job in August, said.</p>
<p>"Both transaction volumes and average selling prices across our network have exceed the prior year in each of the first four months of FY21."</p>
<p>McGrath's FY20 saw an underlying EBITDA of $3.7 million, a $10.1 million turnaround from FY19 which has seen them return to net profitability.</p>
<p>"We ended 30 June with a strong balance sheet with zero debt and a $17.3 million cash balance, an increase of $7 million from 30 June 2019," Law added.</p>
<p>McGrath are forecasting underlying EBITDA to be in a range of $6 million to $6.5 million for the first half of FY21.</p>
<p>Law however was cautious amid the optimism of the general improved outlook, saying there is still undercertainty in the first half of 2021.</p>
<p>"With the scheduled end of the JobKeeper and deferred mortgage programs still yet to be determined, along with other macro factors impacting consumer confidence, there is still material uncertainty as to whether the momentum evidenced in the first half of FY21 will be maintained in the second half results."</p>
<p>McGrath shares were up over eight per cent on the positive news to 46c a share.</p>
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McGrath return to net profitability, reinstate dividend

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<p>McGrath Limited today announced the appointment of an additional non-executive director, Shane Smollen.</p>

<p>Mr Smollen’s appointment follows McGrath posting a significant turnaround with Underlying EBITDA of $3.7 million for the year to 30 June 2020, compared with a loss of $6.4 million in the previous year.</p>

<p>A leading property professional since 1983, Mr Smollen owned one of the country’s leading real estate networks before selling it to McGrath in 2015. Mr. Smollen, who currently holds 7.94% of McGrath’s issued capital, has been advising McGrath’s sales management team over recent months with a focus on productivity and revenue growth.</p>

<p>Chair of McGrath, Mr. Peter Lewis, said “Shane brings to the board an excellent real estate track record with expertise in all aspects of the sector, combined with integrity and insights that will accelerate our profit turnaround and restore shareholder value."</p>

<p>Mr Smollen said “I am delighted to join the board of McGrath, a company that I know well. I believe the group is well placed to take advantage of an expected consolidation of the real estate agency sector.</p>

<p>McGrath has performed significantly better than the market during the year, notwithstanding the ongoing impacts of COVID.</p>

<h2><strong>Recently listed properties:</strong></h2>

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McGrath appoints Shane Smollen as non-executive director

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<p><span>McGrath Estate Agents have announced the opening of a new office in Cooma NSW. </span></p>
<p><span>This will be the third new regional office in the past two months, following opening in Albury/Wondonga and Mansfield in Victoria.</span></p>
<p><span>Founder John McGrath believes that affordability provides a huge incentive for regional migration as families reassess their lifestyle options.</span></p>
<p><span>Mr McGrath said, </span><span>“COVID </span><span>has definitely accelerated the ability to work remotely and areas within a two hour radius of large towns and cities I believe will be very much sought after, particularly as a commute has never been easier with new infrastructure that connects the modern worker more readily and easily</span><span>.”</span></p>
<p><span>The Snowy Monaro </span><span>Shire’s </span><span>roots are rich in history dating back to the </span><span>1800’s</span><span>, however </span><span>Cooma’s </span><span>name and reputation has been highlighted as it is at the centre of </span><span>Australia’s </span><span>largest engineering project, the Snowy Mountains Hydro Electricity Scheme. The Shire itself is the main gateway to the Snowy Mountains, Kosciuszko National Park and within close proximity to Canberra and Queanbeyan, and just 1.5 hours to the south coast beaches.</span></p>
<p><span>Christopher Mourd, Head of Franchise Network for McGrath Estate Agents said, </span><span>“</span><span>We see real growth and opportunity in these key regional areas as they have outperformed their capital city counterparts through COVID.</span><span>” </span><span>(source: CoreLogic July 2020)</span></p>
<p><span>He adds, </span><span>“</span><span>The Snowy Mountains of NSW are a key lifestyle market for our ACT and NSW client base, who are increasingly attracted by its relaxed way of life, affordable housing, and sense of community. Cooma is central to this market, serviced by a local airport, excellent infrastructure and connectivity, the Goulburn Bombala Rail line as well as good health and educational facilities.</span></p>
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<p><span>“The </span><span>region traditionally is a mixed grazing area, however it has benefitted greatly from the Snowy Hydro Scheme, and the ski resorts within an hour of Cooma. However, 2020 has seen the full approval of the </span><span>nation’s </span><span>largest renewable energy project, Snowy 2.0 which is expected to create more than 2,000 jobs during the construction peak with thousands of jobs generated indirectly. With its added employment opportunities, we believe it offers excellent opportunity for growth in the next few years as a major regional hub for treechangers and young </span><span>families.” </span><span><br></span></p>
<p><span>McGrath Cooma will service the area from Michelago in the north to Delgate in the south; and Bemboka in the east to Thredbo in the west. Key suburbs will include Cooma, Bredbo, Berridale, Jindabyne and Thredbo.</span></p>
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<p><span>McGrath Cooma will be led by Principal Shannon Fergusson previously operating his own agency Fergusson Real Estate and Property with his wife, Rachel since 2010. Shannon has been in the industry for more than 20 years, and living in Cooma since 2005. </span></p>
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<p><span>The average median house price for Cooma is $320,000 with Shannon Fergusson achieving recent sales results </span>in the last six months including:</p>
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<p><span>44 Kiah Avenue Cooma </span><span>– </span><span>A street record for a four-bedroom home sold for $615,000</span></p>
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<p><span>6 Stratos Place Cooma </span><span>– </span><span>A street record for a four-bedroom home sold for $597,000</span></p>
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<p><span>9 Tulong Avenue Cooma </span><span>– </span><span>A street record for a five-bedroom home sold for $499,000</span></p>
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McGrath pushes further into regional lifestyle areas with a new office in Cooma, NSW

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<p>Geoff Lucas has departed the McGrath agency which has seen a 30 percent increase in transaction volumes over the past year.</p>
<p>McGrath Limited advised that its chief executive officer, Geoff Lucas, had "chosen to resign" following the presentation of the FY2020 financial results.</p>
<p>It advised McGrath has secured to a financial 2020 net profit of $700,000, versus a net loss of $9.7 million in the prior year.</p>
<p>For the year revenue climbed 11 per cent to $91 million. No dividends were declared in financial 2020.</p>
<p>Chair Peter Lewis said the board had accepted Lucas’ resignation after "what has been a difficult two and a half years for the company.”</p>
<p>Edward Law has been appointed to the role after a 14-year career at ANZ, with his last position at the bank being Global Head of Institutional Property.</p>
<p>An expert in structured commercial real estate debt funding, Mr Law most recently has been an executive director of Newground Capital Partners and investment director of MaxCap Group.</p>
<p>It was February 2018 when the then fformer McGrath chief operating officer Geoff Lucas emerged to take the top job at real estate company.</p>
<p>He was previously at McGrath for a decade until just after the 2016 float after its former chief executive Cameron Judson left.</p>
<p>Lucas, who was overlooked for the chief executive role in 2016 in favour of Judson, then briefly joined artisan NSW bread maker and cafe group Sonoma as its chief operating officer.<br><br>The agency has no debt and $17.3 million cash. <br>It said it expects property prices to decline over coming months with government stimulus packages, mortgage deferrals, and record low interest rates cushioning the falls.</p>
<p>It also tipped continued softness in the rental market.</p>
<p>The group declined to provide specific financial guidance for financial 2021.</p>
<p>McGrath shares sit at 19 cents.</p>
<p>The agency reported the impacts of COVID became evident at the onset of the pandemic in mid-March where transaction volumes were lower for a six-week period due to restrictions around open houses and on-site auctions.<br>"However, since then we have seen a rebound in sales volumes as these restrictions were eased and eventually lifted," it advised.</p>
<p>"Notwithstanding the impact of COVID, we are pleased to advise that the extensive work we have undertaken over the past year has manifested in our financial results with the company showing a turnaround in excess of $10 million in our underlying operating results and also returning to net profitability.</p>
<p>"Whilst there had been some impact on listing volumes since the onset of COVID, home values have remained quite resilient through this time.</p>
<p>"In our Property Management (PM) business, we have seen some decline in rental values.</p>
<p>"The lower demand due to the weaker labour market has impacted rents."</p>
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Geoff Lucas departs McGrath estate agency

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<p>The real estate group, McGrath Estate Agents, has reaffirmed its commitment to the Illawarra region announcing the opening of a new office in Thirroul.</p>
<p>It is under the auspices of its longtime franchise partner, the McCarthy/Sutherland Shire &amp; Illawarra Group led by Patrick McCarthy.</p>
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<p>John McGrath said McCarthy and his team had established their south coast market presence over eighteen months ago.</p>
<p>"So opening in Thirroul will be a value-add to their community of buyers and sellers alike.</p>
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<p>“Thirroul itself offers low density beachside living that is increasingly appealing to both Sydneysiders wanting an escape as well as those who are attracted to his wonderful lifestyle, amenity, and its proximity to Sydney and the regional cities of Wollongong and Canberra,” Mr McGrath added.</p>
<p>Last December Jeremy Hodder, joined the group and will now be partnering with Vanessa Denison-Pender, former director of One Agency Thirroul, to open the new office.</p>
<p>Vanessa has been in the industry for 17 years and has been a principal in the area for eight years. </p>
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<p>Mr Hodder believes that the affordability of the area is particularly attractive and in reach of first home buyers and empty nesters as well as the WFH commuter.</p>
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<p>McGrath Thirroul speciality suburbs include Thirroul, Austinmer, Wombarra, East Corrimal, Coledale, Towradgi, and Bulli.</p>
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<p>“The out of area migration from Sydney is becoming increasingly popular," Vanessa said.</p>
<p>Thirroul is only 80kms from the south of Sydney and many more people are becoming comfortable with this commute to put themselves in a better financial position.</p>
<p>“Since the onset of COVID-19, we have experienced a large number of enquiries from Sydney not only for relocation opportunities but also for investment options, this includes weekenders and beach holiday homes”.</p>
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<p>With an average median house price for Thirroul is $1,225,000; Vanessa Denison-Pinder has achieved some sales results in the last six months including: </p>
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<p>11 The Grove Austinmer – A street record for a 4 bedroom home sold for $2,925,000</p>
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<p>21 The Grove Austinmer – A 3 bedroom home sold for $1,600,000</p>
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<p>28 The Waves Thirroul – A street record for a 5 bedroom home sold for $1,465,000</p>
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<p>686 Lawrence Hargrave Drive, Coldale – A Beachfront 4 bedroom home sold for $2,410,000</p>
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<p>Recent sales by Jeremy in the last six months include: </p>
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<p>10a Toxteth Avenue, Austinmer – Brand new 3 Bedroom home sold for $2,350,000</p>
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<p>3 The Breakers, Thirroul – A 4 bedroom home sold for $2,325,000</p>
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<p>347-349 Lawrence Hargrave Drive, Clifton – Set a new suburb record for Clifton sold for $3,375,000</p>
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McGrath expands Illawarra footprint with an office in Thirroul

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<p>A four-bedroom, five-bathroom house in Hunters Hill sold for $5.6 million through McGrath estate agents Tracey Dixon and Nicholas Cowdrill on July 3, 2020. </p>
<p>The <a href="https://www.realestate.com.au/sold/property-house-nsw-hunters+hill-133731718" target="_blank">39 Barons Crescent property</a> is set in a blue ribbon address and showcases a glamorous façade. </p>
<p>The luxury residence features flexible living and gathering spaces, an entertainers' terrace with barbecue area, a gas heated swimming pool and sauna, a lush landscaped garden, a home theatre room, study, and cellar.</p>
<p><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/2020/7/3/21_Hunters%20Hill%202.jpg" alt=""></p>
<p>The Chef's kitchen showcases a marble bar, butler's pantry and cooler room. </p>
<p>The four deluxe bedrooms each have access to a designated bathroom. </p>
<p>The property was last sold for $1.3 million in 2011. </p>
<p>According to Realestate.com.au, 56 other four-bedroom houses in Hunters Hill have recently been sold. A four-bedroom, three-bathroom home on Ryde Road sold for $3.1 million on June 12, 2020. </p>
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Luxury Hunters Hill trophy home sold for $5.6 million

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<p>Leading residential real estate group, McGrath Estate Agents, today announced the opening of a new office in Mansfield Victoria.</p>
<p>McGrath Mansfield will be led Kate McDougall and Allana Neely who were formerly at The Agency Victoria.</p>
<p>McGrath Mansfield will service a large area from Swanpool in the North, to Eildon in the South, Merton in the West to Mount Buller in the East. Key suburbs will include Mansfield, Jamieson, Barjarg, Piries, Merrijig, Tolmie and Ancona.</p>
<p>McGrath moved into Albury/Wodonga earlier this year.</p>
<p>Founder John McGrath has reinforced his view that regional areas in close proximity to large towns and cities will be particularly desirable as people reassess their lifestyle options.</p>
<p>“I believe the ability to work remotely and commute as needed is now a more acceptable part our everyday life and will no doubt impact property choices for many outside the traditional FIFO worker," McGrath said.</p>
<p>"We have long earmarked the growth of regional areas that are attractive for their lifestyle and affordability and anticipate a further migration trend post COVID-19.”</p>
<p>Mansfield Shire, situated in North East Victoria, is in close proximity to Melbourne and other regional centres (Shepparton, Wangaratta and Benalla) and easily accessed – 2.5 hours and 1 hour respectively.</p>
<p>It is equally close to the Albury airport with a two-hour drive that offers accessibility for both the modern commuter or tourist, attracted to its nearby lakes, national parks and ski fields.</p>
<p>Christopher Mourd, head of franchise network for McGrath Estate Agents said the opening was part of the overall strategy to service our clients effectively as they often make a migrational shift around future lifestyle and property choices.</p>
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