Not all apartment amenities are immediately visible.

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.

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.

Online shopping has been one of the biggest drivers of that shift.

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.

For apartment residents, however, receiving those deliveries isn't always straightforward.

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.

Australia Post's Parcel Locker network is one response to that shift.

<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>

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.

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.

That growing presence reflects a broader change in how apartment buildings are being planned.

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.

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.

For buyers comparing apartments, these everyday details are becoming part of the decision-making process.

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.

Joel Robinson

Parcel delivery is joining the apartment amenity checklist

Inca Property Group has lodged a State Significant Development Application (SSDA) for Dawn, a 53-apartment oceanfront development overlooking Mona Vale Beach.

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.

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.

<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.

"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.

"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."

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.

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.

<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" />

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.

"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.

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.

Construction will be undertaken by Inca's in-house construction arm, GOP Constructions.

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.

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.

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.

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>

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>

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

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;

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;

"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;

"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;

[smartcode_project:default project_id=108274 project_image_fid=365782]

Kutner said it was clear there was still high demand for luxury projects that offered certainty of delivery.&nbsp;

“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;

"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;

[smartcode_project:default project_id=108274 project_image_fid=365785]

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;

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;

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;

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;

[smartcode_project:default project_id=108274 project_image_fid=365767]

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;

Kutner said buyer demand had been broad based with purchasers attracted from interstate as well as throughout South East Queensland.&nbsp;

"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;

[smartcode_project:default project_id=108274 project_image_fid=365771]

Kutner said the sales milestone was an important achievement, but the focus remained firmly on delivering an exceptional development.&nbsp;

"While reaching $400 million in sales is an important milestone, our priority remains delivering a project that exceeds purchaser expectations,” he said.&nbsp;

"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;

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.

[smartcode_project_cta:default project_id=108274]

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

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>.

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;

[smartcode_project:default project_id=108736 project_image_fid=368000]

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;

“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;

“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.

“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;

[smartcode_project:default project_id=108736 project_image_fid=367993]

BINAH’s Managing Director, Khalil Hafza, said the company was proud to be partnering with Goldfields to deliver Quartet.&nbsp;

“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;

“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;

[smartcode_project:default project_id=108736 project_image_fid=367999]

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.

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.

<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;

“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;

“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;

Construction of Quartet will commence in July 2026, with completion anticipated in Q4 2028.

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Construction to commence on 131-residence tower designed around wellness-focused living

Goldfields appoints BINAH for Quartet apartments in Milton

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.

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.

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.

[smartcode_project:default project_id=151233 project_image_fid=375378]

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.

"The level of early commitment reflects the confidence local buyers have in the Hutt Street precinct," Dendrinos said.

"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.

"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."

[smartcode_project:default project_id=151233 project_image_fid=375379]

Otello Director Daniel Harris said the sales result also highlighted the lack of new apartment opportunities within the Hutt Street precinct.

"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.

"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."

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.

Construction is scheduled to commence in the third quarter of this year, with completion anticipated in 2028.

[smartcode_project_cta:default project_id=151233]

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

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Raine &amp; Horne have launched its eighth office on Sydney's North Shore, Raine &amp; Horne Pymble/Gordon.
Wayne Walter (below), an experienced North Shore sales agent who previously worked at McGrath Pymble, is leading the new office.
Walter started in real estate in 1994 and has worked in sales and in corporate management roles over the past 17 years. He is also former Real Estate Institute of New South Wales award winner. 
As a long-time Upper North Shore resident, Walter will service Pymble, Gordon, Killara, Lindfield, and Roseville.
Walter also ran a building and scaffolding business with 32 employees before starting in real estate. He says his corporate experience will prove invaluable to his role as the principal of Raine &amp; Horne Pymble / Gordon.
“In my corporate role, I managed five real estate offices in Sydney’s Northern Suburbs. I was responsible for profitability, setting budgets, recruitment, management of staff, training and coaching.”
“However, my core strength is real estate sales.”
Walter said Raine &amp; Horne’s commitment to digital technology proved to be a decisive factor in his decision, such as their Amplify product.
Amplify uses Facebook, Twitter, Instagram, and the Google Ad network to target more active and passive buyers who are increasingly using social media platforms to sell and buy real estate.
“Amplify is brilliant at using social media platforms and search engines to market properties and is very reasonably priced,” Walter said.
Looking ahead to 2019, Walter says real estate agencies will have to work hard to service their clients.
“Successful agencies will offer vendors and landlords candid advice, especially around pricing,” he said. 
"This region has recorded 89% growth over the last six years and with so many long-term owners with up to 50 years in this market, short-term market fluctuations don't affect them as much. Their homes are goldmines.”
Walter was with McGrath for 16 years.
 
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McGrath lose veteran North Shore agent Wayne Walter to new Raine & Horne office

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McGrath Estate Agents has provided the stockmarket with an update regarding the renewal of its Sydney Lower North Shore franchise office arrangement.
McGrath has withdrawn its offer to extend the franchise agreement.
It is due to end in April 2019.
McGrath failed to secure agreement with the franchise principals who are listed as Dean Mackie, Piers van Hamburg and David Howe. 
The negotiations seemingly were cordial.
But the decision puts the future of one of the McGrath group's top performers, Michael Coombs in play.
Coombs had equity in the Mosman franchise but sold them back to the principals around 18 months ago.
Coombs has always rated highly with his sales tally among the McGrath agents, although his sales tally hasn't been public since he pulled out of the REB Top 100 ratings two years ago. 
Coombs ranked 26 in 2016 with $276 million in property sales.
In 2015 with 13 year's experience, and three support staff his sales tally was $180 million. There was a $4 million average sale.
Coombs sold 41 properties in 2014 for a $140 million total.
McGrath, which is trading at 29 cents having floated at $2.10 in late 2015, is currently considering the "optimum" structure for the continuation of the McGrath presence in the key markets of Mosman, Neutral Bay, Chatswood and Northbridge.
The cost cutting decision was couched has providing the opportunity of strengthening the profitability for the publicly listed estate agency.
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McGrath opened its first office in Sydney’s Lower North Shore in 1996.
“We have a clear plan to rejuvenate our presence in the region," McGrath chief, Geoff Lucas said.
The shareholders were told by Lucas the LNS profitability had "fallen below expectations in recent years.”
Lucas was among its clients when he sought to find a buyer of his LNS home last year without success.
"McGrath remains committed to servicing its clients for both residential sales and property management," he stressed.
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It is understood McGrath has been negotiating with the principals since last year but could not reach a mutual agreement on any continuity.
Its recent annual results signalled a key FY19 priority was "office growth with a focus on the Eastern seaboard predominately in the franchise network."
Nine Entertainment reported last week that McGrath had "found its feet again with a new board and chief executive."
On floating the network consisted of 22 company owned offices and 53 franchise offices generating revenue primarily through commissions and franchise fees.
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It had 16 offices in 2009, some three years after it opened its first franchise office.
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Franchise services revenue increased by 31 percent to $9.4 million in FY2015. It now stands at $11 million.
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McGrath Estate Agents currently has 95 offices located throughout the east coast of Australia, which consists of 27 company owned offices and 68 franchise offices.
It recently saw the opening of Coburg/Brunswick and its McGrath Land office. Closures have included Bentleigh, Berry, Cairns, and The Ponds in June.
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The majority of franchisees paid an initial fee, as well as continuing royalties of between 6 percent and 8 percent in respect of commissions received on property sales (excluding GST).
The fee is typically 3 percent in respect of property management fees.
In addition to the initial fee and continuing royalties, the majority of franchisees pay McGrath a marketing levy, which is an amount equal to 1 percent of commissions received on property sales (excluding GST), a monthly website subscription fee, a technology and training levy and a fee in relation to the publication of the McGrath magazine.
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The 2015 prospectus advised McGrath’s franchise agreements were typically five years with an additional five year option exercisable by the franchisee.
"No McGrath franchisee has elected not to renewits franchise agreement and move to another franchise network," the prospectus proudly noted.
Just prior to the float the Manly and Seaforth offices were converted from franchise offices to company owned offices.
The head of franchise at McGrath, Gary Vouris at the time the float left the company in 2017 after six years for First National. Now back at McGrath Sutherland Shire, his Randwick Californian bungalow was sold last year by Ben Collier of The Agency, formerly McGrath's top eastern suburbs agent.
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The McGrath Network, which had previously a strong record of retaining its agents, has been hit hard over the past two years with departures.
On its 2015 float, the top 50 Agents within the McGrath Network based on FY2015 GCI had an average tenure of nine years with McGrath or its franchisees, while the top 10 Agents had an average tenure of 12 years.
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jchancellor-FAypfDUnLy

McGrath pursuit of strengthened profitability sees end of lower North Shore franchise arrangement

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Leading McGrath estate agent Peter Starr has resigned from McGrath.
He is serving out his notice, with Raine &amp; Horne Double Bay whispered as his next agency.
He was the top seller in its Edgecliff headquarters.
It marks a return to Raine &amp; Horne for Starr, who rejoined McGrath around 2007.
Starr was the highest selling agent in Sydney's east for McGrath for the past three years.
Starr has over 27 years experience in the real estate industry.
His clients have include the late showbiz impresario Harry M Miller, Olympian Murray Rose and RM Williams boss Ken Cowley.
He was one of the McGrath agents involved in the recently concluded, long running State Government Millers Point terrace house sales campaign.
He commenced in commercial leasing and moved into residential in 1992, including time at Laing &amp; Simmons Double Bay, then starting his own business in 1996 with the purchase of Martin &amp; Punch at Edgecliff.
In 2002 with McGrath wanting to grow their rent roll business, he sold the Martin &amp; Punch business to work at McGrath which was readying for its then anticipated 2002 ASX float.
From early 2006, for around 18 months, he worked at Raine &amp; Horne Double Bay during its Pallier/Goldman/Maskin incarnation.
He then returned to McGrath.
McGrath’s domination in the recent annual Real Estate Business Top 100 Agents ranking with 27 of the Top 100 agents in Australia included Starr in 12th place.
McGrath's overall top selling agent was Matt Steinwede with $271 million in sales on the NSW Central Coast.
Starr notched up $223 million in sales followed by Peter Chauncy on the lower North Shore with $207 million in sales, although not all McGrath agents participate in the REB top 100 listing.
With its recruits falling short, the McGrath Eastern Suburbs sales team has required the direct listing assistance of their founder, John McGrath over recent times as it struggles to secure prestige listings.
John McGrath has also recently <a href="/news/sydneys-number-one-penthouse-hits-the-market-through-john-mcgrath">turned his hand to selling prestige offerings</a>.
 
 
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Peter Starr exits McGrath for Raine & Horne Double Bay

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McGrath Estate Agents has announced the appointment of Ripple Wu as leading its Box Hill office.
McGrath founder John McGrath recently pinpointed Box Hill as one of his top picks in the recently released McGrath Report 2019.
Located around 14 kilometres east of the city, Box Hill is a bustling multicultural cosmopolitan suburb with strong public transport links with its own hospital and and school. 
The hub is thriving with houses on large blocks that have great development potential, McGrath noted.
“Despite a cooling market I believe the Melbourne offers good potential for capital growth over the long term due to solid population and employment growth, major investment in infrastructure, and affordable housing that will be a catalyst for interstate migration.”
Ms Wu (pictured left) joined McGrath last month as sales agent, previously at Ray White Blackburn where she claimed to enjoy the No 2 female agent ranking in Ray White Victoria and Tasmania.
She will be a director and co-principal of McGrath Boxhill, leading a team of 12 agents.
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j.ballantyne1990-6AQqhLzZaK

McGrath Box Hill secures Ripple Wu from Ray White

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Sara and Hayden were the surprise top sellers of The Block series, after the Gatwick penthouse auctions performed poorly.
The luxury northwest facing apartment with 240 square metres of internal space was rare for the area.
Sara and Hayden secured a stellar $3.02 million sale for the <a href="https://www.domain.com.au/3-34-fitzroy-street-st-kilda-vic-3182-2014552048" target="_blank">3/34 Fitzroy Street</a> offering which had an official $2.5 million reserve, with the couple taking home a "life changing" $645,000 including the Season 14 prize money.
The McGrath price guidance had been $2.5 million to $2.7 million.
Their reserve had been adjusted to $2.475 million after they secured a discount during the competition.
With reportedly eight registered buyers, bidding opened at $2.5 million with the buyers' agent Nicole Jacobs who emerged as the top bidder. 
Sara and Hayden took home the winnings above reserve of $545,000, plus the $100,000 prize.
Hayden and Sara shocked audiences when they won the first challenge of the year and opted to renovate Apartment 3 in the old Gatwick, bypassing the chance to build a brand-new, luxurious penthouse. 
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It was auctioned by McGrath chief auctioneer Scott Kennedy-Green, who returned to The Block after an eight-year break.
“Despite lower clearance rates and a slowdown in the Melbourne market, this is a testament that well-presented properties will always have the edge,” he concluded.
Over the years, McGrath Estate Agents has marketed five properties for The Block, all auctioned by Scott Kennedy-Green.
They have received the top price on three occasions and won the show twice; the first time with John and Neisha in 2010, who pocketed $305,000 as winners for a 2-bedroom ground floor apartment in Vaucluse, Sydney.
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McGrath founder John McGrath noted The Block had captivated the attention of all Australians for almost two decades.
"We’re delighted to have represented Hayden and Sara to win this year’s event.
“They did a great job renovating their apartment and fully deserve the win. 
"And whilst it is a blockbuster TV show these are also real sales to real buyers, so we apply the same sales strategies to The Block as we apply to all sales. 
"We are so proud of our St Kilda team for their extraordinary efforts.”
The Block winners Sara and Hayden were the show’s lowest-scoring winners, recording the poorest judges’ scores of the season and the highest number of room reveal losses since the weekly wins begun being awarded 11 seasons ago.
Across nine weeks of room judging, the couple won just one room – the master bedroom – and came last in the judging of the apartment’s main bathroom, first guest bedroom, master en suite, living and dining space and hallway, laundry and powder room.
 
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McGrath secures surprise Block Gatwick top price

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EXPERT OBSERVER
Regional bridesmaid cities are beginning to rival the real estate brides of Sydney, Melbourne and Brisbane with their impressive population growth, buzzing local economies, improved amenities and infrastructure, affordable housing and increasingly attractive lifestyle as our capital cities get busier and more expensive.
No longer sleepy, second tier towns overshadowed by the glamorous capitals, many of Australia’s regional cities have come of age and are now thriving economic centres with hundreds of thousands of residents.
Housing has always been cheaper but regional areas now offer so much more, with burgeoning café scenes, major shopping centres, good local transport and plentiful job opportunities without the traffic, pollution, noise and time poverty that comes with big city life.
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Lifestyle markets and satellite cities within two hours’ commute of primary metropolitan areas are the biggest winners of the metro- regional switch. While affordability remains a key reason to move, many say buyers are increasingly talking about escaping from city stress, traffic and cost of living.
Population growth is no doubt contributing to the greater hustle and bustle of city life. Australia’s population hit 25 million in August 2018, 33 years earlier than forecast by the Australian Bureau of Statistics (ABS) published in 1998.22 Given almost 80% of Australia’s residents live in the four East Coast capitals alone,23 it is not surprising that some of us are feeling a bit crammed in.
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With surprisingly comparable wages and a vast differential in house prices, the metro-regional trade-off is compelling.
Improved infrastructure has reduced the commute from many regional areas to capital cities, enabling switchers to enjoy a big city income with a relaxed small town lifestyle.
The NBN rollout has led to more city folk working remotely or establishing start-ups as part of their lifestyle change.
Jobs in the larger regional centres are increasingly plentiful, boosted by a deliberate strategy to decentralise government departments to regional locations. Bendigo is set to benefit from a new GovHub office that will bring 1,000 new and relocated public sector jobs to the CBD. Construction from 2019 will create 70 jobs, with completion due in late 2021. 
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Two other GovHubs are also being developed in Ballarat and Latrobe Valley.
Massive infrastructure investment across Australia is also boosting employment in regional centres.
After Geelong lost its Ford and Alcoa steel plants, the local jobs market rebounded following federal support for Geelong’s $100 million rail duplication project and a $100 million pledge for an Advanced Manufacturing Fund for Victoria and South Australia in 2017. 
In some cases, average wages in regional areas are higher than capital cities.
In Australia’s leading regional city for median house price growth,25Geelong in Victoria, individuals aged 15 and over received a median $616 weekly income in 2016, $84 more than their Melbourne peers despite higher living costs in the capital. 
ABS27 data also shows that middle aged blue collar workers, in particular, are more likely to be paid similarly or better in regional centres of New South Wales and Victoria.
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No longer sleepy, second tier towns overshadowed by the glamorous capitals, many of Australia’s regional cities have come of age and are now thriving economic centres with hundreds of thousands of residents.
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The Gold Coast seems to have magnetic appeal, as it was amongst the top 10 destinations chosen by city escapees in every single state and territory, attracting 19,400 people from the eight capitals.
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Large regional cities are currently some of the East Coast’s best performing property markets, largely due to the rippleeffect following Sydney and Melbourne’s peak.
Geelong, 70km south west of big sister Melbourne, recorded the largest increase in dwelling values across non-capital city Australia at 9.8% over the 12 months to April 2018,28 yet it remains more than $200,000 cheaper than Melbourne with a house price median of $505,000 compared to Melbourne’s $740,000.29
Shoalhaven/Southern Highlands was the strongest performing regional market in New South Wales with 9.2% growth,30 driven by demand from seachanging and treechanging downsizers and families.
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Fellow bridesmaid, Newcastle posted a 7.1% surge. Just 160km north of Sydney, Newcastle’s appeal to cash poor, asset rich Sydney residents is obvious. Australia’s largest coal port by volume and the economic hub of the Hunter Valley, it boasts a world class university, vibrant coastal lifestyle and strong employment with 37% of the population working in professional or managerial roles. 
Further north, Queensland’s top two regional performers were the Sunshine Coast (5.1%) and the Gold Coast (1.9%)33 due to rising demand from interstate home owners and investors. Increased tourism played its part, with 7.4 million interstate visitors holidaying there in 2017.34
It is now more expensive to buy a house on the Sunshine Coast, where the median is $589,000; and the Gold Coast with a median of $650,000 compared to Brisbane at $536,000.35
ABS data confirms big city home owners are seeing real value in regional real estate in Victoria, New South Wales and Queensland.
Tens of thousands of big smoke property owners opted to cash in their assets or upgrade their homes more affordably with a lifestyle switch from metro to regional areas in FY17. 
The top two locations chosen by Sydney escapees were Newcastle/ Lake Macquarie in the north (5,500 arrivals from Sydney) and Illawarra in the south (5,300 arrivals). Melbourne switchers favoured Latrobe-Gippsland (7,300 arrivals from Melbourne) and Geelong (6,900 arrivals).
Up north, Brisbane is yet to boom so there is no ripple effect in play, however there was still a significant migration away from the capital to large seachange destinations in FY17.
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Seven of the top 10 regions to benefit from departing Brisbane residents were Queensland centres, with beach cities topping the list. The Gold Coast, 70km south, gained 8,800 former Brisbane residents and the Sunshine Coast 6,700.
The Gold Coast seems to have magnetic appeal, as it was amongst the top 10 destinations chosen by city escapees in every single state and territory, attracting 19,400 people from the eight capitals.
Commonwealth Games infrastructure has brought major new liveability, employment and investment to the city, the light rail has improved accessibility and there are plenty of new sporting facilities for families.
City slickers’ exodus to treechange and seachange localities is evident in CoreLogic’s latest property sales analysis, which shows that dwelling values fell by -3.7% across the capital cities but rose by 1.2% across the combined regional markets in the 12 months to September. 
JOHN MCGRATH is the founder of McGrath Estate Agents. The latest McGrath Report is available <a href="https://www.mcgrath.com.au/mcgrath-report" target="_blank">here</a>.
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Regional is the new black: John McGrath

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The McGrath share price is going to be 32 cents in a year's time, reflecting no change from its current lows, according to Bell Potter, the stockbroker who helped float the estate agency at $2.10 in late 2015.
The forecast came after McGrath updated the ASX on the deteriorating property market conditions.
McGrath provided a trading update that highlighted a number of factors which are negatively impacting the operating performance of the company.
Click here <a href="https://www.propertyobserver.com.au/images/2018/10/24/mcgrath1.jpg" target="_blank">to enlarge.</a>
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McGrath did not provide any guidance for FY19 but did say it expects a much better result in 2HFY19 and “at least a breakeven position on an EBITDA basis” for the full year.
Bell Potter accordingly downgraded its FY19 EBITDA forecast from $5.1 million – which was consistent with underlying FY18 EBITDA – to a modest loss of $0.5 million which is below the company’s general guidance of at least a breakeven result.
It also downgraded its FY20 and FY21 EBITDA forecasts by 58% and 44% but continue to forecast positive EBITDA in both these periods and some improvement in market conditions.
"Our downgraded EBITDA forecasts mean we now expect a net loss in FY20 and a modest net profit in FY21," the stockbroker advised.
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"The net result is a 16% decrease in our PT to $0.32 which is close to the current share price and so we maintain the HOLD recommendation.
"We note our PT is now modestly lower than the $0.33 valuation we apply to the annuity businesses but we do not see this valuation as the key driver of the share price as we do not expect these businesses to be sold."
The broker advised shareholders it "no longer forecasts a resumption of dividends in FY20 given we now forecast a net loss in the period".
Click here <a href="https://www.propertyobserver.com.au/images/2018/10/24/McGrath2.jpg" target="_blank">to enlarge.</a>
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Its determination of the price target for McGrath was base on its core DCF (discounted cash flow) and the valuation of the annuity businesses.
"McGrath has two annuity businesses – property management and mortgage broking – which generate recurring revenue and so a relatively reliable or dependable valuation can be applied to each.
"We value both businesses at b/w $55 - 60m which equates to b/w $0.33 - 0.36 per share and so provides some valuation support for the share price."
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McGrath share price supported by property management and mortgage commissions: Bell Potter

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McGrath Limited has provided shareholders with a trading update in light of deteriorating market.
Impacted by the tougher real estate market across Australia, it noted auction clearance rates and the number of properties taken to auction were at levels well below the previous year.
It further noted there has been an increase in the level of overall stock currently on the market with lower buyer activity, along with homes taking longer to sell and price reductions across the sector.
After the announcement McGrath shares traded at 31 cents and closed at a record low of 32 cents.
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It was December 2015 when, some two decades in the making, the real estate services company commenced trading on the stock market.
Its initial trading price was $1.94, slightly below the public offering price at $2.10.
Today it noted industrywide data that in the past year saw the number of settled sales in the Sydney having fallen 18.5%, in Melbourne by 15.8% and Brisbane by 11%.
"The NSW and Queensland property markets represent the majority of McGrath’s footprint, with 83% of company owned and franchised listings occurring in these two states," Geoff Lucas advised.
“Over the financial year to date, we have seen a noticeable slowdown in the market with a correction of residential property values experienced across the entire real estate sector.
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"While McGrath has also been affected by this downturn, we are encouraged by our number of new listings performing better than the market,” he noted.
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Lucas noted over Q1 FY19, McGrath NSW market new listings were down just 6.9% while Queensland listings were flat.
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Properties are taking longer to transact due to the softening market conditions with average days on market for McGrath company owned offices in being 42 days, compared with an average of 34 in the FY18 corresponding period.
Days on market for the McGrath network in Q1 was 54 compared with an average of 47 in the FY18 corresponding period.
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The impact of market conditions and McGrath’s performance detailed above resulted in an EBITDA loss of $1.9 million for the quarter ended 30 September 2018.
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The quarter ended 30 September is a historically slow quarter for the Company, the company expects a materially smaller loss in the second quarter of FY19.
It will provide a further update at the annual general meeting on 23 November.
Agent numbers within McGrath’s company owned offices have been increasing, reflecting the successful recruitment and retention initiatives put in place, with 154 agents at 31 March 2018, growing to 157 at 30 June 2018, and 168 at 30 September 2018.
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McGrath shares trading at fresh 32 cent record lows

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The final two government-owned Millers Point properties are set to go under the hammer.
The marketing for the properties at 65 and 69 Lower Fort Street has commenced, with an auction date scheduled for November 3.
Split over four levels, the terraces date to circa 189 and are heritage listed.
The last remaining properties in the Millers Point program are expected to attract strong interest due to their size, location and heritage significance.
So far, $513 million worth of properties have been offloaded by McGrath since the Millers Point Sales Program began in 2014. 
The properties are being marketed by McGrath’s Lorraine Crawford and Peter Starr of McGrath Edgecliff.
Crawford said they offered an opportunity to purchase an original home of rich architectural heritage in a unique part of Sydney
“They offer a restoration opportunity that will reward buyers with an enviable lifestyle in a highly sought-after location,” she said.
“Millers Point continues to evolve as a fashionable address, attracting a diverse range of buyers from home owners to investors.
“Previous purchasers have recently completed their renovations and the precinct has developed a real sense of community as owner occupiers appreciate the attractive lifestyle of living in such a special part of the city.” 
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<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/sydney-cbd/millers-point/387286?preview=24736a35-9c5c-4b73-ba97-1796da0d519d" target="_blank">65 Lower Fort Street</a>, Millers Point, NSW (pictured above)
Guide $2,600,000 - $2,800,000
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<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/sydney-cbd/millers-point/386259?preview=590aa250-2cdc-4133-8f0e-bf2e33793b22" target="_blank">69 Lower Fort Street</a>, Millers Point, NSW (pictured above)
Guide $2,600,000 - $2,800,000
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Final two Millers Point properties on the market 

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The Agency's long awaited acquisition of the McGrath rebels Top Level Real Estate seems set to be completed mid-week.
The Western Australia based The Agency has been seeking the acquisition since February 2017, with numerous extensions being sought from the Matt Lahood-led agency.
The Agency had been seeking a $10 million capital raising to purchase Top Level.
It has yet to be revealed if they secured the intended $10 million funding for the outfit which was set up by a host of defecting McGrath agents at the start of 2017. 
The Agency have requested the ASX allow for a trading halt until the imminent announcement due Wednesday, then subject to shareholder approval.
"The trading halt is requested pending an announcement by the Company regarding the finalisation of funding agreements relating to a capital raising (a Condition Precedent under the Amended and Restated Binding Option Agreement to acquire Top Level Real Estate Pty Ltd)," the request read.
<div>Before the 9.25am announcement, the shares were trading at 0.11c, valuing the company at $7.5 million.</div>
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<div>The Agency shares fell to a record low 0.07c in June as the <a href="/news/the-agency-shares-hit-record-low-as-asx-seek-update">ASX sought an update from the company</a> after an unusually high two million shares were traded in back to back days.</div>
Market sources are saying the only remaining condition to the transaction is shareholder approval.
On completion, The Agency group will comprise a national real estate business having two prominent brands (The Agency and Sell Lease Property), along with 300 sales representatives across Perth, Sydney, Melbourne and the Gold Coast.
Earlier this month The Agency announced they had <a href="/news/losses-continue-at-the-agency">recorded the same annual losses as last year</a>, despite recording significantly higher revenue.
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