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

Residential Development

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The project gallery and display apartment for Coronation Property’s 8 Phillip Street mixed-use tower in Parramatta is open by appointment, with visitors able to inspect the tower’s ‘Studio 54’ rooftop bar through a movie-grade virtual reality booth.
The virtual tour begins when visitors are and taken up the tower lift, with doors opening on level 54, where they will be greeted by the hostess before venturing down to their reserved table to enjoy the bar scene.
Joe Nahas, managing director of Coronation Property said they were very keen to provide this innovative experience for our clients as this development is truly unique on all fronts and needs to be seen to be believed. 
The project gallery features a luxurious to-scale three-bedroom apartment complete with ensuite, main bathroom, powder room, laundry, kitchen, dining and living room complete with a balcony overlooking greater Sydney.  It will also include an interactive precinct and building. 
8 Phillip Street will ultimately include 300 contemporary residences with options including studios, one, two and three-bedroom layouts, plus penthouses.
The 55 storey building will also include 14 levels of designer QT Hotel accommodation below 35 levels of apartments.  The building design includes capacity for 205 standard deluxe rooms, 50 executive deluxe rooms and two QT suites. 
Hotel amenities will include a QT bar &amp; grill restaurant which will also be open to the public, multiple meeting and event spaces, Spa Q, a ballroom accommodating 200 people seated and an alfresco infinity pool on the 18th storey.
Apartment sales will launch 19th November, with construction due for completion in 2020.
The project gallery and display apartment is located at Level 1, 8 Phillip Street, Parramatta. Inspection is strictly by appointment only on Saturday and Sunday 11am to 4pm and Tuesday to Friday 11am to 6pm.
For more information, please call Coronation Property on 1800 753 163 or visit <a href="https://www.liveat8phillipst.com.au/" target="_blank">liveat8phillipst.com.au</a>.
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jonathanchancellor-7SQnKwU6yx

Coronation Property’s Studio 54 experience in Parramatta

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SPONSORED POST
Coronation’s world-class ‘8 Phillip Street’ is set to become a Sydney icon, not only for its striking contemporary design, but for the way it will totally transform the dynamic of Parramatta’s dining, riverside and historic precinct. 
<img src="/images/2016/11/08/coronation1.jpg" alt="" width="426" height="767">
The 55-storey Woods Bagot designed building will include 35 levels of apartments, 14 levels of designer QT Hotel accommodation and dining, Spa Q, and separate rooftop bar, Studio 54, on the 54th floor, and open-air pool overlooking greater Sydney.
Joe Nahas, Coronation’s Managing Director said “it’s been designed to create vibrancy in the area, during both day and night.  Locals will be encouraged to experience the sweeping 180-degree panorama of the Blue Mountains, across to Sydney Olympic Park and over to Sydney’s CBD, harbour and beyond from Studio 54, the rooftop bar, and dine in the gourmet restaurants.  It’s going to become a destination for the entire community.”
<img src="/images/2016/11/08/coronation2.jpg" alt="" width="475" height="475">
“We are deeply committed to delivering world-class architecture and creating residences that the local community will love. 8 Phillip Street will set the benchmark for mixed-use developments not only in Sydney, but internationally. Woods Bagot have delivered a design that is truly visionary and manages to exceed the high standard we insist on,” said Mr Nahas.
The project includes 280 contemporary residences with options including studios, one, two, three-bedroom layouts PLUS penthouses.
<img src="/images/2016/11/08/coronation3.jpg" alt="">
The project gallery and display apartment offers visitors the opportunity toexperience the tower’s ‘Studio 54’ rooftop bar via blockbuster movie-grade virtual reality in two booths. Via the latest technology you are transported to 8 Phillip Street and taken up the tower lift. With doors opening on level 54 you are greeted by the hostess before venturing down to your reserved table to enjoy the buzzing bar scene.
The project gallery features a luxurious to-scalethree-bedroom apartment complete with ensuite, main bathroom, powder room, laundry, kitchen, dining and living room complete with a balcony. Those interested are encouraged to secure their appointment with Coronation Property as soon as possible to see the gallery first and have their chance to secure their residence in this truly remarkable building.
Apartment sales will launch 19th November, with construction due for completion in 2020.
The project gallery and display apartment opens this weekend and is located at Level 1, 8 Phillip Street, Parramatta. Inspection is strictly by appointment only on Saturday and Sunday 11am to 4pm and Tuesday to Friday 11am to 6pm.
For more information, please call Coronation Property on 1800 753 163 or visit <a href="https://www.liveat8phillipst.com.au" target="_blank">liveat8phillipst.com.au</a>.
 
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po-LsXgBTHBmX

Coronation Property’s ‘8 Phillip Street’ in Parramatta lifts the benchmark for mixed-use apartment developments to 55 storeys

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The project gallery and display apartment for Coronation Property’s 8 Phillip Street mixed-use tower in Parramatta opens by appointment this Saturday, with visitors able to inspect the tower’s ‘Studio 54’ rooftop bar through a movie-grade virtual reality booth.
The virtual tour begins when visitors are and taken up the tower lift, with doors opening on level 54, where they will be greeted by the hostess before venturing down to their reserved table to enjoy the bar scene.
Joe Nahas, managing director of Coronation Property said they were very keen to provide this innovative experience for our clients as this development is truly unique on all fronts and needs to be seen to be believed. 
The project gallery features a luxurious to-scale three-bedroom apartment complete with ensuite, main bathroom, powder room, laundry, kitchen, dining and living room complete with a balcony overlooking greater Sydney.  It will also include an interactive precinct and building. 
8 Phillip Street will ultimately include 300 contemporary residences with options including studios, one, two and three-bedroom layouts, plus penthouses.
The 55 storey building will also include 14 levels of designer QT Hotel accommodation below 35 levels of apartments.  The building design includes capacity for 205 standard deluxe rooms, 50 executive deluxe rooms and two QT suites. 
Hotel amenities will include a QT bar &amp; grill restaurant which will also be open to the public, multiple meeting and event spaces, Spa Q, a ballroom accommodating 200 people seated and an alfresco infinity pool on the 18th storey.
Apartment sales will launch on 19 November 2016 with construction due for completion in 2020.
The project gallery and display apartment will be open by appointment only on weekends from 11am – 4pm and Tuesdays – Fridays from 11am – 6pm. 
For more information, call Coronation Property on 1800 753 163 or visit <a href="https://liveat8phillipst.com.au" target="_blank">liveat8phillipst.com.au</a>.
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Coronation Property releases virtual reality experience for 8 Phillip Street development

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SPONSORED POST
The Norwest Business Park is on the cusp of a transformation that will bring new life and vitality to the area. A growing workforce and a local population seeking out a new way of living are the driving forces behind the evolution of Norwest.
The milestone of 20,000 workers in Norwest has come and gone with forecasts the area will see more than 35,000 people employed in the business park in the next 15 years.
 “A larger workforce will inevitably mean an increase in demand for housing so there’s no doubt Norwest is already undergoing a revitalisation into an integrated lifestyle destination,” Steve Grant from Capital Corporation says.
“And the plans we have for Esplanade on Norwest Lake are leading the way in that transformation.”
By combining a diverse mix of apartments, a host of resident-only amenities, three levels of boutique workspaces, waterfront dining and retails areas to the backdrop of an upgraded public boardwalk, the Esplanade proposal is the natural next step in an already very successful area to make daily life more enjoyable and convenient.
Norwest will also benefit from Australia’s largest public transport infrastructure project in the Sydney Metro Northwest rail line.
The fast, reliable and high frequency trains will easily transport people from Norwest to the city, Macquarie Park and across the district.
The Norwest metro station is being built within 400 metres of the Esplanade site, with both projects slated for completion in 2019.
This public transport infrastructure will add to the appeal of living in Norwest, with accessibility and connectivity a key consideration for owner-occupiers and investors alike. 
“We’ve been building at Norwest for over 25 years, and we’ve seen that every time there’s a major infrastructure investment there is a corresponding lift in property values,” Mr Grant says.
“That occurred with the opening of the M2, opening of Norwest Marketown, the opening of the M7 and it’s our opinion this will occur again with opening of the Norwest rail station, due to open about the time Esplanade is completed.”
Esplanade responds to the needs of many families who moved to The Hills area 20 or 30 years ago who are now looking for the convenience of a development that brings the life-work-recreation combination together to make daily life more enjoyable.
“Our extensive experience within the northwest market tells us that buyers and investors are looking for projects that contribute to a healthier work-life balance,” Mr Grant says. “That’s why location is just as important as the facilities on offer in an integrated development like the one proposed at Esplanade.”
To learn more about what esplanade offers, please visit <a href="https://esplanadenorwest.com.au" target="_blank">esplanadenorwest.com.au</a>, call 1800 088 800 or visit our unique display suite to see what a full-sized two-bedroom apartment will look like. The display suite is located at 11 Solent Circuit, Baulkham Hills and is open daily from 11am to 2.30pm or by private appointment.
 
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Norwest set for exciting transition into a thriving urban hub

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SPONSORED POST
Esplanade is first-ever completely integrated ‘vertical village’ at Norwest that offers unrivalled amenities and a relaxed lifestyle.
The project is geared for convenience and enjoyment, with residents to get exclusive access to features including landscaped lawns and gardens, a rooftop cinema, spectacular transparent-sided pool, outdoor gym, cabanas and barbecue areas for relaxation and social activities.
These are the services and amenities you’d come to expect from a luxury hotel but Esplanade is a place to call home that makes daily life more enjoyable and convenient.
The diverse mix of one, two and three bedroom apartments, as well as premium three and four bedroom Sky Residences, are complemented by three levels of boutique workspaces, waterfront dining and retail areas as well as a significantly upgraded public boardwalk on Norwest Lake.
The convenience of the all-in-one nature of Esplanade is enhanced by its proximity to the Sydney Metro Norwest station under construction, making the project an attractive option for both investors and owner-occupiers, particularly local people looking to downsize from larger homes.
And it’s not just the local residents re-sizing from house and land that the project speaks to.
“There are some 20,000 people working in Norwest right now with projections that could grow to 35,000. More than 400 companies – some among the largest in the country – base themselves here and investors will see the obvious opportunity in locating attainable urban-style living within such a successful employment centre,” says Steve Grant, Managing Director of Capital Corporation which has been tasked with bringing Esplanade to life.
“It could just become the easiest commute in Sydney,” he says. 
To see for yourself the lifestyle on offer at Esplanade, visit our unique display suite featuring a full-sized two-bedroom apartment. The display suite is located at 11 Solent Circuit, Baulkham Hills and is open daily from 11am to 2.30pm or by private appointment.
Details: Visit <a href="https://esplanadenorwest.com.au" target="_blank">esplanadenorwest.com.au</a> or call 1800 088 800.
 
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Experience next-gen living in the north-west

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Some 43 apartments were sold in the first three hours of release at Sydney's Luxe on Eve development in the inner city suburb of Erskineville over the weekend.
<img src="/images/2016/10/31/Screen%20Shot%202016-10-31%20at%2012.16.48%20PM.png" alt="">
When completed, Luxe on Eve will feature 71 apartments across two buildings reaching six levels in height.
<img src="/images/2016/10/31/Screen%20Shot%202016-10-31%20at%2012.16.58%20PM.png" alt="">
A two bed apartment plus study and car space was sold to a local owner occupier for $1.35 (87 sqm internal, 75 sqm balcony). Total weekend sales were over $40 million.
<img src="/images/2016/10/31/Screen%20Shot%202016-10-31%20at%2012.16.54%20PM.png" alt="">
Prices ranging from $595,000 to $1.35 million.
The $80 million residential development is designed by Smith &amp; Tzannes Architects.
For more information, <a href="https://www.luxeoneve.com" target="_blank">click here</a>.
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Luxe on Eve secures 43 weekend sales in Erskineville

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<img src="/images/2016/10/28/Greaton%20Logo%20RGB.jpg" alt="" width="467" height="141">
SPONSORED POST
West Franklin, which is being touted as the jewel in Adelaide’s crown is fast becoming the number one choice for investors. 
Located in the heart of Adelaide’s City West area on the corner of Franklin, Elizabeth and Morphett Streets, the lifestyle precinct offers significant opportunities for investors.
<img src="/images/2016/10/28/g2.jpg" alt="">
West Franklin is one of the largest urban regeneration projects ever undertaken in the Adelaide CBD and occupies a 5,000 sqm area.
Nicho Teng, Managing Director of Greaton, developer of the project, “West Franklin will make a bold statement on Adelaide’s skyline. We purchased this site to create an iconic destination and will deliver that promise.
<img src="/images/2016/10/28/g5.jpg" alt="">
“West Franklin will become a new and exciting lifestyle destination that epitomizes luxurious city living. Its unique attributes are fast attracting local, interstate and overseas investors. Over the past three months, enquiries from investors have trebled especially from Sydney and Melbourne markets.”
<img src="/images/2016/10/28/g4.jpg" alt="">
He added, “Substantial increases in the local population are predicted over the next decade, with new infrastructure and public amenities planned that co-inside with the completion of stage one in 2018 (280 apartments). Undoubtedly this will add to the desirability of the development and location of West Franklin for investors, making it one of Adelaide’s most sought after residential destinations.”
<img src="/images/2016/10/28/g3.jpg" alt="">
The Adelaide central business district’s population is tipped to reach 30,00 by 2020, which is more than double what it was in 2001.
Metropolitan Adelaide has registered over $45.6 billion worth of investment into major projects according to Urbis Residential Research Report (May 2016). Key infrastructure projects include the $1 billion Adelaide Airport redevelopment, $350 million Sky City Casino expansion and Convention Centre expansion.
In 2015, Adelaide was rated the 5th most liveable city in the world, achieving top marks in education and healthcare, as highlighted by the Economist Intelligence Unit 2015.
<img src="/images/2016/10/28/g6.jpg" alt="">
Mr Teng also notes, that Residex statistics from March 2016 show the median value for an apartment in Adelaide was $317,500, rental yields average 5.1% and the median rent is $310 per week.
“Investors have recognised that Adelaide’s rental yields are much higher when compared to Sydney and Melbourne, apartment prices are affordable, employment prospects are strong, the lifestyle is clean and green and an excellent transport network is in place.”
<img src="/images/2016/10/28/g7.jpg" alt="">
The meticulously designed West Franklin community will comprise 560 luxurious apartments and penthouses spread across four iconic towers. Luxury, lifestyle and liveability capture the essence of this masterplanned community.
Studios are priced from $255,000 to $345,800, 1 bedroom from $266,200 to $448,800, 2 bedrooms from $425,000 to $640,000, and 3 bedrooms from $491,000 to $1,455,000. Extensive balconies provide the perfect environment for outdoor entertaining enhanced by picturesque views of Adelaide’s history and beaches.
<img src="/images/2016/10/28/g8.jpg" alt="">
West Franklin is within walking distance to major food precincts, the theatre district, universities and the CBD. The Central Market, Her Majesty’s Theatre and China Town are 500 metres away, while Waymouth Street, Leigh Street, Hindly Street and Curry Street restaurants, bars and cafes are within 750 metres.
Several hospitals and universities including New Royal Adelaide Hospital, University of South Australia, University of Adelaide and Royal Adelaide Hospital are all within 2.4 kilometres from the site.
Adelaide Airport is also within 6.9 kilometres from West Franklin, the picturesque Glenelg Beach is a short 10.4 kilometres and the famous Adelaide Hills wine district is a 7.8 kilometres commute.
<img src="/images/2016/10/28/WestFranklin_Logo_CMYK.jpeg" alt="">
An onsite display and sales office is open Monday to Friday 10 – 6pm, Saturday 10 – 4pm and Sunday 12- 4pm.  
For further information or to register your interest visit <a href="https://www.westfranklin.com.au" target="_blank">www.westfranklin.com.au</a> or call 1300 992 166. 
 
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The jewel in Adelaide’s crown is attracting investors

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There are many benefits developing property will bring, but what should you focus on when assessing a development opportunity?
I get lots of calls and love speaking to people about property development. It’s interesting to see what kind of questions are raised. There is one question that is asked often and that is; “what kind of Return on Investment (ROI) do we get from our development projects?”
Even though our ROI is pretty good, it varies from project to project - this can be a dangerous way to assess the success or otherwise of a property development.
“ROI is usually expressed as a percentage and is typically used for personal financial decisions, to compare a company's profitability or to compare the efficiency of different investments. The return on investment formula is: ROI = (Net Profit / Cost of Investment) x 100.” Source: investinganswers.com
It can be a bit misleading to compare ROI on different opportunities as you need to be sure that you are comparing apples with apples. In Property Bloom cost calculations, we include every single cost, fee and charge, including our project management fee. But there is one thing that is hard to put a cost on.  Time.
Having a development professionally managed saves our clients valuable time.  If you didn’t use a project manager and made a higher ROI but your development took you twice as long to complete, then you need to consider the ROI over say two years instead of one. 
But focussing on ROI can also mean that you are missing the other valuable advantages that property development can bring. These include:
-       Yield – higher yield is created through adding value, this leads to passive income
-       Strategy Flexibility – hold them, sell them, hold a few or sell a few
-       Equity creation – whilst waiting for capital growth, access the equity that has been created through the development process by refinancing/selling
-       Depreciation – create tax credits
-       Fast growth of portfolio – increase your collection of properties quickly
-       Experience – with each development, your experience widens
-       Fun &amp; exciting – beats watching TV
So, there are many other ways apart from the ROI, to assess what you’ll get out of a development project and it’s worth considering the bigger picture.
Jo Chivers is chief executive officer of property development project managers <a href="https://www.propertybloom.com.au/about" target="_blank">Property Bloom</a><a href="https://www.propertybloom.com.au/">.</a>
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Is ROI the best way to assess a development project?

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Trafalgar Lane, an $86 million mixed-use development in Woolloongabba, has secured strong rentals since settlement of the off the plan sales.
All apartments in the 147-apartment project settled following completion in July.
All of the of the available rental apartments available were leased within 60 days of settlement.
The project was developed by Melbourne-based diversified property group Pellicano whose settlement success comes at a time when investors and developers are questioning the strength of the local Brisbane market.
Pellicano managing director, Nando Pellicano says the company had been in Brisbane for 19 years.
"We foresee substantial more growth and opportunity to come in select areas of Brisbane including Woolloongabba due to its proximity to the CBD and attractive existing lifestyle amenity nearby.
“We undertake careful feasibility studies and research when considering a project, and then spend a considerable amount of time and dedication on the design phase to create functional apartments that will stand the test of time.
“With a good quality product, reasonable prices and a high growth location, settlement risk is dramatically reduced. These rules can be applied consistently across the market and we have recently witnessed the results with the success of Trafalgar Lane.”
The twenty-storey development features 147 apartments designed by architecture firm DBI Design.
Twenty per cent of the residences were bought by owner-occupiers, with the remaining 80 per cent snapped up by discerning investors.
The majority of tenants are affluent young professionals who work in the immediate area and Brisbane CBD, only two kilometres from the project.
Trafalgar Lane itself features extensive amenity, with residents enjoying access to the Trafalgar Residences Retreat, complete with lap pool and spa, sauna, steam room, gym, yoga lawn, residents’ lounge, barbeque area and media lounge.
The one, two and three bedroom apartments feature an edgy and modern design, with floor-to-ceiling windows boasting views across the Gabba to the Brisbane River and the CBD. 
The development also features a unique retail aspect on the ground floor – an intricate laneway design connecting Stanley and Trafalgar Street where the development is located.
“We worked hard to create a distinct ambience for the laneway, which features raw timber finishes and exposed piping to create an industrial feel,” says Pellicano.
“This fitout reflects Woolloongabba’s transformation from an industrial hub to a true lifestyle destination, which is now home to some of Brisbane’s best restaurants, shops and cafes.”
Pellicano has also seen outstanding success at its joint venture with Perri Projects, the $600 million urban regeneration project South City Square, also in Woolloongabba. The partners recently announced $190 million in sales across its first three towers, further demonstrating buyer demand for quality, well-located apartments
“The state of play in property is more complicated than a simple ‘oversupply’. Supply isn’t oversupply until it is built, and constricting forces on the market are preventing some of the less feasible projects from even hitting the market in the first place,” Pellicano says.
“The product we are building is servicing the market, and the supply is being absorbed both at the sales and at the leasing end,” he said.
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Woolloongabba's Trafalgar Lane secures settlement success and rental results

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A 1,042 sqm site in Melbourne's Box Hill has sold to an investor with a 100 percent value increase in property worth, with the vendors selling after only two years.
The property, 107 Severn Street, Box Hill was sold at auction for $3.9 million under the hammer. It was purchased in 2014 for $1.95 million and features a double-storey with seven bedrooms, three bathrooms and a caretakers’ residence/ bungalow.
It was sold with a Residential Growth zoning.
Fitzroys agent Michael Ryan, said the site sold for around $800,000 above reserve.
"Box Hill was currently in a phase of evolution that had its market standing apart from other suburbs," he said
“It really is operating on its own timetable - the depth and type of demand for sites with future growth and development potential is different to any other place in Melbourne right now. 
“The rarity of this offering’s versatility was reflected in the high levels of enquiry and great result result for the vendors.”
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