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

Joel Robinson

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

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

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

Maréa Residences brings parkside apartments to Coolangatta

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

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

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

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

Renovations

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The fourth house reveal on this year's Channel 7 House Rules series was Luke and brother Cody, the former owning a country cottage in Queensland.
The youngest home owner on the competition has a relatively small mortgage on his property, just $120,000.
Luke is helped by twin brother Cody, who signed up to help him transform his rundown 1940's shack.
“Realistically this is a once in a lifetime opportunity, so saying no to him would just be cruel," Cody said.
"Plus I’m living in the house now so it’s a beneft to have it done up!”
Luke bought his house two years ago after saving hard while doing his electrical apprenticeship. He is now a qualified electrician.
“It was a very run down house but I saw potential in it,” he explains. 
“I was renting for a year or two and it was dead money so I was wanting to see my money go towards something good.”
Cody moved in after finishing his diesel fitter apprenticeship at Toowoomba 12 months ago. 
“There was no point me renting in Toowoomba as it cost a fortune and I was never there and whenever I was home I was mostly at Luke’s place anyway so I just moved in.” 
The boys did make a DIY start on renovations but the ensuite only got as far as the framework and the kitchen and laundry are in dire need of a makeover.
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Cody’s biggest concern with the house is its lack of insulation, suggesting it's 'bloody cold' in winter and smoking hot in the summer.
“There are holes in-between the floorboards where the breeze will come up through.” 
While their dad is a builder, both boys admit renovating is still a big learning curve for them. 
“The design and the prettiness we struggle with,” says Cody.
“We both want to get in and do the physical side, but I bet he’ll pull the older brother card and I’ll be sent shopping.” 
Coming up with the House Rules for Luke’s place was also a bit of a struggle for the boys. 
“From looking at photos we like the style of modern country but we don’t really know what it is!” says Cody.
<img src="/images/2016/06/06/Screen%20Shot%202016-06-06%20at%2011.09.00%20AM.png" alt="">
 
“We don’t want to strip it right back to a bare shell of a house and make it look like new, we want to keep that country feel. We like that original style house,” adds Luke.
The two currently sit top of the competition.
The first couple on 2016's House Rules were Fil and Joe, who have a 1950's weatherboard house in Melbourne.
The second house transformed on air on this seasons House Rules was South Australian parents Michelle and Brooke.
The third house renovated on this year's House Rules series was Team NSW Nancy and Daniel, who's rundown 60's house lies halfway between their parent's homes.
<img src="/images/2016/06/06/rules.jpg" alt="">
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Luke and Cody top as fourth House Rules property 

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The first couple on 2016's House Rules were Fil and Joe, who have a 1950's weatherboard house in Melbourne.
Their mortgage is $568,000, which will be their prize if they win the Channel 7 competition.
During their 22 years of marriage, the pair have renovated several houses together.
The oldest team in the competition, Melbourne’s Fil and Joe bring with them a wealth of experience.
“Our first renovation was a 1920s Californian bungalow more than 20 years ago,” says Joe, who counts painting as his biggest strength.
“It’s a cycle; we buy a house, we change it, we look at it and go, ‘Let’s sell it! It’s time to move on.’”
But Fil, 45, and Joe, 48, bit of more than they could chew when they bought their current 1950s weatherboard.
It’s practically unliveable and a giant mortgage has left them with no money for renovations.
“The kitchen isn’t workable, the roof has holes in it and the ceiling leaks,” Joe says.
The whole kitchen slopes on an angle, which means every minute we’re walking through we have to close the drawers as they continuously fall open.
The home has a view from the deck where you can see the river.
Fil, who currently works at a wooden toy store, has a keen eye for design and spends her spare time reading design magazines.
She’s hoping House Rules will be the catalyst for turning her hobby to a career. “I’m hoping to start a new phase in my life. I would love to do this full time.”
Joe, an accountant, will be keeping a close eye on both the budget and Fil, who admits she’s a keen shopper. 
The second house transformed on air on this seasons House Rules was South Australian parents Michelle and Brooke.
The third house renovated on this year's House Rules series was Team NSW Nancy and Daniel, who's rundown 60's house lies halfway between their parent's homes.
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Experience the key for House Rules couple Fil and Jo 

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After its disastrous ratings, Channel Nine has moved Reno Rumble out of its 7.30pm timeslot.
A new season of reality show Married at First Sight will replace the renovation program on Mondays and Tuesdays. 
The program – made by The Block's producers - has damaged the stellar reputations of The Block's hosts Scott Cam and Shelley Craft.
Its first episode last Monday drew a 395,000 viewers, compared to MKR's 1.46 million to finish in fourth place. 
Picture courtesy of 9jumpin.com.au
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Reno Rumble cut from prime time

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GUEST OBSERVER
The Housing Industry Association has released the latest edition of Renovations Roundup. 
The report offers the most comprehensive quarterly analysis of the home renovations market in each of the eight states and territories, and outlines forecasts for renovations activity. Renovations Roundup also provides results of the exclusive HIA Renovations Survey undertaken in February 2016, in which over 900 businesses and individuals participated. 
The HIA Renovations Survey provides a comprehensive update on conditions within the sector.
Repairs and maintenance are the most popular type of job, followed by kitchen and bathroom renovations.
A significant 24 percent of renovation jobs fall within the value range of $12,000 to $40,000. The survey also found that 13 percent of renovation jobs fell in the range of $200,000 to $400,000. This reflects demand for comprehensive renovation work which covers a large part of the footprint of an existing house and is an area of the renovations market that should gather momentum in coming years.
Total renovations activity grew for a second consecutive year in 2015, rising by 4.4 pe cent.
However, the recovery remains quite fragile and there is considerable geographic variation to activity.
Several markets are benefitting from the improving labour market along with stronger dwelling price growth. In other places, weak earnings growth, relatively low turnover of established houses and tighter credit conditions are holding activity back.
The Renovations Roundup projects that renovations activity will increase by 0.7 percent this year with growth of 1.7 percent forecast for 2017. HIA projects that activity will grow by 2.8 percent in 2018 followed by a 3.2 percent increase in 2019, bringing the total volume of renovations activity to $33.02 billion.
Shane Garrett is senior economist for HIA and can be contacted <a href="https://hia.com.au/en/BusinessInfo/economicInfo/EcoGroup.aspx" target="_blank">here</a>.
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Renovations recovery continues to battle on: HIA

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There's whispers a heritage art deco factory in Port Melbourne will be the venue of the next series of Channel 9's popular reality show, The Block.
The Block's producers are believed to have snapped up the imposing, heritage protected building at 164 Ingles Street from the BRW rich-lister Harry Stamoulis.
The $5 million deal follows its marketing late last year. <a href="https://dawkinsocchiuto.com.au/property/auto-draft-32/" target="_blank">The listing website</a> suggests the property is under offer. 
There had been rumours the one 2016 Block may have found a former icecream factory for its setting.
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<img src="https://www.smh.com.au/content/dam/images/g/m/v/g/1/i/image.related.articleLeadwide.620x349.gmv0u7.png/1455685072530.jpg" alt="The Block's contestants will have to cope with heritage-building related restrictions next time around." title=""> 
But the pinpointed Port Melbourne building is part of the former Velvet soap factory site of J Kitchen &amp; Co which became Unilever.
It was constructed in the 1920s as the factory's administration office.
The building, with a stepped-back main entrance, was among a larger holding purchased by Stamoulis for $25 million in 2013, with around 280 townhouses now under construction on the surrounding former Symex chemical factory site opposite the Port Melbourne Cricket Oval.
Estate agent Walter Occhiuto from Dawkins Occhiuto has the building as being under "contract" on its website.
The marketing campaign focused on the building's development potential for office or hotel accommodation. It was marketed as an outstanding building of 2355 sqm. It sits on a 1155 sqm block.
J Kitchen &amp; Sons commenced trading in Port Melbourne in the 1850s making such products as Velvet Soap and Electrine Candles from the tallow and other animal fats from the nearby slaughter yards. In the decades the company became Kitchen &amp; Lever then Unilever and most recently Unichema. 
But back in the second half of the 1920s, into the 1930s, the company produced a journal called Advance.
The Port Melbourne Historical &amp; Preservation Society (PMHPS) have several editions in their collection.
<a href="/images/2016/02/18/1925view-1.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/02/18/1925view-1.jpg" alt=""> 
 
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Advance Vol 2 No 7 from July 1925 featured their new Administration Offices saying '... the firm may well claim to have built one of the most up-to-date block of offices in the Commonwealth, combining loftiness, dignity and stability'.
Inside the main entrance the vestibule has a 'mosaic floor in a shining pattern, having the monogram of J Kitchen &amp; Sons worked into the centre".
 <a href="/images/2016/02/18/fourviews.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/02/18/fourviews.jpg" alt=""> 
Interior fittings were of the highest order with doors built of 'polished maple and plate glass'. The second floor contained a 'spacious hall for social purposes designed to accomodate 700 people' with a kauri dance floor.
The following edition of Advance in October 1925 included this photo of the opening of the Social Hall. <a href="/images/2016/02/18/opening.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/02/18/opening.jpg" alt="">
The company Social Club appears to have been very active with a library containing over 600 volumes, a tennis club, cricket club and football club who on the King's Birthday took on another great Port Melbourne company, the biscuit-makers Swallow and Ariel, at the Port Melbourne football ground.
The Block's last season saw contestants renovating the Hotel Saville, an octagonal building on the corner of busy Commercial and Punt roads in South Yarra.
The last series, won by Newcastle’s Dean and Shay, averaged 1.048 million viewers across its run.
Dean and Shay collected $755,000 when their penthouse apartment sold for $2.3 million.
Nine has revealed that the makers of The Block are yet to purchase a building for the next series.
The 2016 series of The Block won’t screen until the last quarter of this year. 
 
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The Block Port Melbourne - awash with soapy renovation series setting whispers

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Renovation costs in New South Wales rose a sharp 8.11% year-on-year, compared to a national increase of only 1.48%, reveals a new report by services marketplace ServiceSeeking.com.au.
The Renovation Consumer Price Index (RCPI) is a quarterly report by serviceseeking.com.au, analysing 52,000 quotes submitted by tradesman on the website. The report compares the cost of renovating in Q2 FY16 versus the prior year.
For the report, the company used an interactive map that plots price changes across 10 popular renovation services in New South Wales year on year.
NSW was the only state to see a price increase in 10 out of 10 popular renovation services, in part because of trades shortage.
“We're now really starting to see the effects of a cooling property market" said CEO Jeremy Levitt. "As homeowners steer away from purchasing new property, they're investing in their existing properties through value-adding renovations which has pushed prices up.”
The average tradesman charges $64.09/hr, making NSW the second most expensive state to renovate a home (and now more expensive than Queensland).
Carpentry and building saw the largest price increases, up 26.26% and 18.48% respectively.
Although there were across-the-board increases, some services didn’t fluctuate much. For example, prices for electrical work increased 1.23% and concreting rose by 3.18%.
<a href="https://www.serviceseeking.com.au" target="_blank">Serviceseeking.com.au</a> has more than 1.96 million jobs listed on its website to date with over 6.8 million quotes compared.
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prateek24-ezbwHMbNAk

Home renovations jump 8% in New South Wales: serviceseeking.com report

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News Ltd have acquired a 25% stake in hipages, Australia’s most popular website for finding and hiring tradespeople. 
<a href="https://www.homeimprovementpages.com.au/" target="_blank">hipages</a> is the leading on-demand marketplace for hiring tradies in Australia, including plumbers, electricians, painters and builders.
Since its launch in 2004, the company has experienced significant growth year on year. David Vitek is co-founder and CEO of Hipages and Roby Sharon-Zipser, is the COO and co-founder of hipages.
It directly employs 200 people and helps over 65,000 verified tradespeople find work and get access to $1.35 billion worth of jobs generated annually.
"Our funding, comprising a combination of cash and advertising contra will help the business to further accelerate its growth and create greater brand awareness while providing our trades and services advertisers with a new platform with which to promote their businesses," News Corp Australia chief Peter Tonagh said in a statement on Monday. 
"For us this is an exciting investment and a key plank in our wider plan to expand and grow our property and home services business in Australia.
"More broadly, the investment follows our strategy of leveraging our large, highly engaged consumer audiences, and our deep relationships with advertisers, to expand our business into high growth."
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News Corp Australia invest in tradies home improvement website

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House renovators hoping for a quick profit run the risk of underestimating the cost of the flip.
But Cherie Barber, a professional renovator who runs a company providing renovation courses, remains optimistic about buying for renovation and sale.
Barber says it is always possible to renovate for a profit.
"You cannot talk about a single Australian market," she recently told The Australian Financial Review.
"There are more than 4000 suburbs and as many markets."
She says renovating to sell or hold depends on individual markets, which means analysis of the costs and benefits of the property, street and suburb.
Research suggest about 6 per cent of residential properties sold in Australia sold again in less than two years.
Across the country, CoreLogic RP Data noted homes that resold recently at a loss had an average length of ownership of 6.0 years.
Across resales of homes throughout the March 2015 quarter, those homes that were held for only a short period of time proved to be much more susceptible to loss.
Although home values increased over the past 12 months, 13.0% of owners who purchased and resold in the same year recorded a gross loss.
Any flip investment needs to estimate value the time involved and also the risks on the costs of acquisition, holding, renovating and selling.
Cherie Barber says she can complete a 10-day complete makeover of a house that would take other renovators between six and 12 months at double the cost.
She suggests not to pay the invoices in full until you are 100% happy with the works being completed.
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