<a href="https://www.apartments.com.au/developers/sunland-group">Sunland Group</a> has officially lodged plans for its first Gold Coast apartment project since the departure of the Abedian family from the company three years ago, unveiling a new high-rise proposal for a prominent Broadbeach corner site on Old Burleigh Road.

The application was submitted by an entity directed by Tom Jamieson, stepson of longtime Sunland leader Soheil Abedian, and Riaz Rezvanipour, brother-in-law of Sahba Abedian, Soheil’s son.

Sunland acquired the 1,283 sqm site on the corner of Old Burleigh Road and Armrick Avenue for $9.5 million late last year and is now seeking approval for a <a href="https://www.apartments.com.au/new-apartments/99-101-old-burleigh-road-broadbeach-qld-4218">42-storey tower with 81 apartments</a>.

<img alt="First look: Sunland Group returns to Broadbeach with new Old Burleigh Road tower plans" data-entity-type="file" data-entity-uuid="fea2946d-90ee-4cfc-babe-2a8ad5db2cb6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers.png?VersionId=BV0fihJw31nDIQ8ozY_h3GbS8mxDyhnm" />

Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, the proposed tower at 99-101 Old Burleigh Road would deliver a predominantly larger-format apartment mix aimed at the owner-occupier market. Plans include 17 two-bedroom apartments, 55 three-bedroom apartments, and nine four-bedroom residences across 35 residential levels.

The development also incorporates three basement levels, four podium parking levels, two levels of communal recreation facilities, and rooftop plant and equipment. A total of 189 car spaces are proposed, significantly exceeding the 90 spaces required under the planning scheme.

The architecture adopts a sculpted, curvilinear form, with deep wraparound balconies and integrated landscaping intended to soften the tower’s vertical expression. The planning report states the building’s “slender footprint/form provides a complimentary yet varied built form within the local streetscape” and contributes to “a varied, yet ordered skyline.”

Contreras Earl noted in its Architectural Statement that from the early stages, the project addressed a fundamental challenge: how to accommodate the required residential yield while avoiding the conventional model of a tower sitting on a rigid, fully resolved parking podium.

“The most direct response would have been to consolidate parking into a singular, flat podium and extrude a repetitive tower above,” the statement said. “While efficient, this approach would result in a consolidated built form with limited engagement with the surrounding landscape and public realm.”

Instead, the conventional podium model was “deliberately rejected”. The architects described the base of the building as “a landscaped architectural condition where structure, planting and circulation are integrated”.

“Rather than presenting a continuous built mass, the base of the building is articulated through a series of concrete planter elements that organise the podium into a fragmented system,” the statement said. “This approach reduces the perceived bulk of the lower levels while establishing a more permeable interface with the streetscape and adjacent open space.”

<img alt="Sunland" data-entity-type="file" data-entity-uuid="923fad8d-c960-4527-8fbe-975cf1ddf88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%2010.32.03%E2%80%AFAM.png?VersionId=pngwb0hYOIUpq9vDw6F2EsOiVuHF3DiX" />

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The site sits within the High Density Residential Zone and inside the City of Gold Coast’s unrestricted “HX” building height area, where the planning framework anticipates intensified residential development tied to the expanding light rail corridor. The planning report notes the area is undergoing “transition toward more intense development forms” given its proximity to Broadbeach, Surfers Paradise, and high-frequency public transport infrastructure.

Positioned directly opposite Broadbeach Park and within walking distance of Florida Gardens light rail station, the development would sit among a rapidly evolving stretch of Old Burleigh Road that has become one of the Gold Coast’s most active apartment development corridors.

The application joins a growing pipeline of luxury residential projects reshaping Broadbeach, including nearby developments by 5Point Projects, Polycell, and Graya.

The planning report argues the project contributes toward the Gold Coast’s long-term housing targets under the South East Queensland Regional Plan, which forecasts the need for more than 100,000 additional high-rise dwellings across the city by 2046.

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The Abedian family departed Sunland Group in late 2023, ending a four-decade association with the company, and subsequently established the private development firm Abedian &amp; Co. The group is currently delivering <a href="https://www.apartments.com.au/new-apartments/greenmount-residences-cnr-hill-street-and-marine-parade-coolangatta-qld-4225">Greenmount Residences</a> at Rainbow Bay and recently launched <a href="https://www.apartments.com.au/new-apartments/18-mary-avenue-14-18-mary-avenue-broadbeach-qld-4218">18 Mary Avenue</a> in Broadbeach.
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Joel Robinson

First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

The Minns Labor Government has established the new Bays West Delivery Authority to lead the development&nbsp;of the Bays West Precinct and Blackwattle Bay Precinct.&nbsp;

The Authority is charged with creating Sydney’s newest precinct, a thriving, connected, sustainable hub with White Bay Power Station as its cultural heart. Its vision is to build on the area’s natural, cultural and industrial history to shape a vibrant new neighbourhood.

The precinct will deliver up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes. Combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years, while retaining important deep-water facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

The Bays West Delivery Authority,&nbsp;an agency of the Department of Planning, Housing and Infrastructure, will report to the NSW Minister for Lands and Property who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo.

As part of the broader Bays West transformation, the Minns Government recently announced that a proposal from Lendlease to redevelop part of the Bays West Precinct has progressed to Stage 2 of the NSW Government’s unsolicited proposals process.

<img alt="Sydney" data-entity-type="file" data-entity-uuid="2ed71eb9-d8e8-4fa7-b9d1-de4531dcf2f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%209.42.31%E2%80%AFAM.png?VersionId=IDryFIbped9SNDg72LEN_EecvhUsOPvp" />

The Minns Labor Government has also confirmed the Bays West precinct will have a new suburb name. This will be the first major suburb built in close proximity to Sydney’s CBD in decades and will encompass the area currently being referred to as Bays West, including Glebe Island and the White Bay Power Station. Served by a new Metro station just five minutes from the CBD, it will become one of the most populous suburbs in the Inner West and one of Sydney’s premier cultural destinations.

An early works program is taking shape, which&nbsp;includes the first stages of an international design competition.&nbsp;

The aim of the Bays West&nbsp;International&nbsp;Design Competition is to&nbsp;ensure design excellence is embedded in the project from the start. The competition will deliver an&nbsp;urban framework that defines the character, ambition and long-term identity of&nbsp;this&nbsp;former industrial precinct as it transitions to a vibrant, inclusive and sustainable residential&nbsp;neighbourhood.

The competition will be led by the Bays West Delivery Authority in partnership with Government Architect NSW.&nbsp;

It will launch with an invitation for a global Expressions of Interest, before moving to an invitation-only stage that will be assessed by a panel that&nbsp;will provide advice to Cabinet who will select a winner.

Premier of NSW, Chris Minns said the establishment of the new Authority is the first step in transforming the Bays West precinct into a vibrant, livable suburb minutes from the Sydney CBD and two stops from Hunter St Station on the Metro West line.

“The Authority will deliver well-located homes close to the heart of the city and integrate the new precinct with Blackwattle Bay and the new Sydney Fish Market.

“This is a generational opportunity to build a new suburb on the city’s edge and open the harbour foreshore to the public for the first time in a century.”&nbsp;

Minister for Lands and Property Steve Kamper said the new Bays West Delivery Authority established by the Minns Government will turbocharge the development of Sydney’s newest suburb.

“The Authority is working at a record pace to deliver an international design competition, planning pathways and a financial model so that this development benefits Sydney with well-designed homes in a central location, close to public transport, jobs, entertainment and essential services.

“If we want Sydney to stay liveable and affordable, we need to be bold about using underutilised government-owned land to deliver homes for the future while making sure essential working harbour functions can be accommodated.”

Bays West Delivery Authority established to "turbocharge" Sydney’s newest suburb

Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

&nbsp;

&nbsp;

Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

Residential Market

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The former Silverchair front man Daniel Johns has joined with other owners in his 1960s Bondi Beach apartment block to sell all seven apartments in one line at July 4 auction.
<a href="https://www.realestate.com.au/property-unitblock-nsw-bondi+beach-122859458" target="_blank">The Bondi Beach apartments</a> have Bondi Beach views from the 340 sqm holding.
The top two floors are owned by Johns in the four level Campbell Parade complex.
Johns bought the properties in 2001 costing $1.6 million, but only lived in the building for a short time before leasing the properties.
 
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firstname1-iYD4UYzvBa

Daniel Johns bands together with Bondi Beach neighbours to list complex in one line 

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NSW's centres of Bathurst/Orange have been a rising market for houses while units are at the start of the recovery cycle, according to valuation firm Herron Todd White's property clock -- a simple broad brush means of suggesting where property prices are and what direction they're headed. 
Like Sydney, the larger centres of Bathurst and Orange include a collection of suburbs. Surrounding the established areas and retail districts, the suburbs have their own characters as a result of previous, current, and planned development.
Google Maps shows the localities around Bathurst including Gormans Hill, Kelso, Robin Hill, Llanarth, Windradyne and Eglinton. Around Orange there is Glenroi, Warrendine, Calare and Bletchington. Neither of these is an exhaustive list.
The suburbs compete and can exceed in terms of land value with central localities, particularly if they have, or plan to have, large modern houses and good amenities. The variability, and sometimes the inferiority, of older central development can hold those areas back. In addition the market power of families who on average prefer a modern house and surroundings, as opposed to the relative market power of retirees and students who, for example, prefer to be closer to town, evens out the market.
In terms of investment, student-specific accommodation has reduced the demand and volatility for central accommodation in the general market, while incomes are a determinant of what can be achieved in the suburbs. 
Property Observer looked up recent sales in some of the fringe suburbs such as Gormans Hills (Bathurst) on www.realestate.com.au.
1. The median house price in Gorman Hills is $295,000, according to CoreLogic RP Data. No data was available for units. Among the recently sold was a four-bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-gormans+hill-122431910" target="_blank">46 Fish Parade Gormans Hill NSW 2795</a> for $275,000.
 
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2. The median house price in Eglinton was $365,000, according to CoreLogic RP Data. As an example of recent sale, a three-bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-eglinton-121180614" target="_blank">25 Cottonwood Drive Eglinton NSW 2795</a> fetched $355,000.
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prateek24-ezbwHMbNAk

Fringes of Bathurst and Orange can compete with central locations on land value: HTW

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Property investors are still active, Adam Sparkes, the recently apppointed general manager of McGrath Projects says.
"They are perhaps taking a slightly more cautious approach, but for the right project they are happy to commit.
"A common thread amongst all buyers is they are looking for high quality developments offered with design excellence and good amenity.
"Location continues to remain important with a preference to city centres or close proximity to active retail, education and transport hubs for outer lying projects,” said Mr Sparkes who now leads a team of 63 at McGrath Projects, which includes 44 sales agents.
The chief executive John McGrath announced the appointment today saying he was intent on expanding the project division's footprint.
Adam started his real estate career with McGrath in 1998 and more recently the successful planning and marketing of the Central Park development in Chippendale, personally overseeing in excess of 1,000 sales.
Most recently, he was involved in the sellout of the second stage of Darling Square in Sydney, as well as overseeing the sales at Toorak Park (Armadale, Melbourne) and the Victoria Harbour Precinct (Melbourne) for Lend Lease. 
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jonathanchancellor-7SQnKwU6yx

Property investors still active: McGrath Projects' Adam Sparkes

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The infamous Bondi hoarders' property was withdrawn from auction last night, in yet another stalled chapter in its 26 year saga.
There were around 10 interested parties expected, but the property was pulled just an hour before its scheduled 6pm auction.
The owner Mary Bobolas had secured a temporary legal stay that stopped any auction.
A $2 million sale had been anticipated due to its prime location and 550 sqm block size.
The <a href="https://www.realestate.com.au/property-house-nsw-bondi-118903099" target="_blank">19 Boonara Avenue</a> offering was listed under instructions of the NSW Sheriff's Office.
It was the third time that the marketing failed to end in an under the hammer sale.
There was an unexpected delay last month with the paperwork not quite right.
Previously the owner Mary Bobolas dodged the sale of the property February last year by coming up with $180,000 to pay Waverley Council's cleaning and legal bills just hours before that scheduled auction.
The drawn out process has seen buyer interest wane as when it was first listed in 2015, 63 contracts had been handed out. Last month it was in the 30s. This time interest was down to around the expected 10 attendees.
They will need to pay a further $160,000 to meet the newest set of cleaning and legal bills.
The council's solicitors wrote to the Bobolas family in November asking for settlement of the outstanding money to avoid the sale but they received no funds.
Raine &amp; Horne agent Ric Serrao was commissioned by the NSW Sheriff's Office to sell the property so that clean-up costs can be recovered on behalf of the council.
Rubbish flowed out of the door and onto the property frontage on the latest listing images despite a 10 truck clear up in July last year.
There were no inspections possible for prospective buyers.
Ric Serrao couldn't even access the property so there were no internal photos or floor plan available.
This article was first published in the Daily Telegraph. 
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jchancellor-FAypfDUnLy

Bondi hoarders home auction postponed again

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SPONSORED POST
Buyers are flocking to Macquarie Park drawn to exceptional transport links and access to leading education infrastructure.
Macquarie Green in adjacent North Ryde has emerged as a residential development choice for parents of school-aged children and university students looking to capitalise on the growing ‘knowledge city’ in Sydney’s booming north west.
The 164-residence community at 5 Whiteside Avenue North Ryde is set securely nearby Sydney’s bourgeoning Macquarie Park and offers private road access from either Whiteside Street or David Avenue.
<img src="/images/2016/06/10/700_toga3.jpg" alt="" width="565" height="343">
Macquarie Green is located less than 1.5 km from Macquarie University and less than 2.5 km from the Macquarie School of Graduate Management and the Australian School of Advanced Medicine.
Macquarie University (below) ranks among the top two per cent of universities in the world and has undergone a more than $1 billion infrastructure and facility transformation in recent years.
<img src="/images/2016/06/10/700_macq.jpg" alt="">
The campus features Australia’s first and only private not-for-profit hospital (on a university campus), the global headquarters of Cochlear, the Australian Hearing Hub, a state-of-the-art library, a combined sport aquatic centre and an on-campus railway station. 
Designed by Marchese Partners, Macquarie Green features boutique-style one, two and three-bedroom apartments housed within two buildings between three and five storeys high as well as a selection of premium townhouses set within two duplex-style buildings.
<img src="/images/2016/06/10/700_toga.jpg" alt="">
Primary schools nearby Macquarie Green include Holy Spirit Catholic Primary School in North Ryde, North Ryde Primary School and Kent Road Public School in Eastwood.
Within the area is also a number of quality high schools including Ryde Secondary College, Epping Boys High School, Marsden High School and Chatswood High School.   
TOGA’s General Manager of Sales and Marketing Alex Adams said Macquarie Green’s proximity to education opportunities was a key drawcard for buyers.
“Macquarie Park, and the greater Ryde area, has positioned itself as a viable alternative to Sydney’s inner-city for its breadth of education facilities and career opportunities,” Mr Adams said.
“Parents of school-aged children can access a number of quality primary and high schools and students can easily walk to world-class Macquarie University from Macquarie Green,” he said. 
Providing convenient access to internship and job opportunities, more than 300 companies are positioned on the Macquarie University campus or in the adjacent high-tech precinct.
“Families and young professionals are jumping at the chance to secure a bright future,” Mr Adams added.
Macquarie Green boasts large common landscaped gardens and many residences feature generous private gardens; appealing to parents of school-aged children.
Above ground-level residents will enjoy louvered balconies designed to maximise both natural light and privacy creating a seamless connection between indoor and outdoor living.
Macquarie Green is a joint venture between Australian property developer TOGA and leading independent investment and advisory house Gresham.
Macquarie Park is located 16 kilometres from the Sydney CBD and a short walk from Macquarie University, Macquarie Shopping Centre and the train station. 
Construction at Macquarie Green commenced in late-2015 with a complete date of mid-2017.
A styled display suite is available to view from Thursday through to Sunday (10am to 2pm) at 78 Waterloo Road, Macquarie Park (entry via Byfield Street).
For all sales enquiries visit <a href="https://www.macquariegreen.com.au" target="_blank">www.macquariegreen.com.au</a> or call 1800 787 731. 
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Macquarie Park’s world-class education lures buyers

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Since the start of 2015, Blue Sky, Goldman Sachs, Scape and Valparaiso and Student One have all entered the student accomodation market and have rapidly established pipelines, according to the latest research by Savills International.
Blue Sky have 2,632, Goldman Sachs, Scape and Valparaiso have 2,459 and Student One have 2,394.
The top 10 providers currently own a total of 15,498 beds and the pipeline of 14,205 white equates to circa 92% of the existing supply indicative of the strong focus on development during 2015.
<a href="https://publications.savills.com.au/studentaccommreport/?utm_source=PropertyObserver&amp;utm_medium=DigitalAdvert&amp;utm_campaign=CPOeNewsletterBanner-StudentAccommReport-8June2016&amp;utm_source=Property+Observer+List&amp;utm_campaign=3ddf619dc5-Commercial_Property_08_June_2016&amp;utm_medium=email&amp;utm_term=0_a523fbfccb-3ddf619dc5-" target="_blank">The research advised</a> average size of the owned operational properties is 337 beds and the average size of development properties in the pipeline is 530 beds.
Iglu, Urbanest and Valparaiso are owner / managers, with a total of 7,344 beds in operations and pipeline, this duplication distorts the total numbers in the table. 
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Australian student accomodation top 10 providers: Savills Research

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The ABS April housing data suggests first home buyers are re-emerging, possibly filling the void of investors.
The value of lending to Australian housing investors fell in April, according to figure released by the Australian Bureau of Statistics (ABS) earlier today.
The value of investor lending was down 5 percent from March to $11.291 billion in seasonally adjusted terms.
The value of new lending to owner-occupiers ticked up by 0.1% to $20.702 billion.
The number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 14.4 percent in April 2016 from 14.2 percent in March 2016.
Between March 2016 and April 2016, the average loan size for first home buyers rose $1,900 to $330,600.
The average loan size for all owner occupied housing commitments rose $4,300 to $361,500 for the same period.
At the end of April 2016, the value of outstanding housing loans financed by Authorised Deposit-taking Institutions (ADIs) was $1,490b, up $8b (0.5%) from the March 2016 closing balance.
Owner occupied housing loan outstandings financed by ADIs rose $7b (0.7 percent) to $960b and investment housing loan outstandings financed by ADIs rose $0.9b (0.2 percent) to $530b.  Bank housing loan outstandings rose $7b (0.5 percent) during April 2016 to reach a closing balance of $1,448b.
Owner occupied housing loan outstandings of banks rose $6b (0.7 percent) to $927b and investment housing loan outstandings of banks rose $0.9b (0.2 percent) to $521b.
Between March 2016 and April 2016, the number of owner occupied housing commitments (trend) rose in Victoria (up 51, 0.3 percent), South Australia (up 19, 0.5 percent) and the Australian Capital Territory (up 7, 0.7 percent), while falls were recorded in New South Wales (down 50, 0.3 percent), Queensland (down 24, 0.2 peace t), Western Australia (down 13, 0.2 percent), Tasmania (down 10, 1.2 percent) and the Northern Territory (down 2, 0.6 percent). The seasonally adjusted estimates rose in Victoria (up 314, 1.9 percent), Queensland (up 156, 1.5 percent), New South Wales (up 128, 0.7 percent), Tasmania (up 71, 8.4 percent), the Northern Territory (up 22, 7.3 percent), Western Australia (up 17, 0.3 percent) and South Australia (up 7, 0.2 percent), while a rise was recorded in the Australian Capital Territory (down 10, 0.9 percent).
The ABS housing finance figures released today indicated that new home lending to owner occupiers experienced solid growth during April, said the Housing Industry Association.
During April 2016, the number of loans to owner occupiers for dwelling construction increased by 4.4 per cent with loans for the purchase of new homes rising by 3.3 per cent.
Overall, new home lending saw growth of 4 per cent during the month but was 5.9 per cent lower than a year earlier.
“Today’s official figures confirm that demand for new home purchase across Australia remains very strong,” remarked HIA senior economist Shane Garrett.
“Even though the amount of new home lending for owner occupiers peaked over a year ago, current loan volumes remain elevated by historic standards.
"This means that activity on the ground over the remainder of 2016 will be healthy,” predicted Shane Garrett.
“May’s interest rate reduction is likely to provide some impetus to new home lending over the coming months."
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April housing finance shows first home buyers up slightly: ABS

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<div id="post-body-1296513112211267075" class="post-body entry-content">
<div>I recently visited the wildlife sanctuary at Currumbin, and it occurred to me that without the scores of Chinese visitors in attendance on the day, the place would have been four-fifths empty!</div>
<div> </div>
<div>As it was the attraction was absolutely packed to the rafters with camera-toting tourists. </div>
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<div>It's a trend that is being reflected right across Australia, with the number of visitors from China, Taiwan and Hong Kong continuing to multiply at a record pace. That's just one part of the Asian century story for Australasia. Meanwhile, a recently released report on global migration of the super-wealthy found that the two most popular cities in the world for net inflow of millionaires in 2015 were Sydney (4,000) and Melbourne (3,000). Australia is becoming a playground for wealthy Asians. As noted in these pages many months ago, though, perhaps the most significant change for Australia will be the record boom in international students, since this will in turn lead to higher permanent residency uptake. The government has announced that from 1 July 2016 - just a few weeks away - that there will be a series of important changes to the student visa programme. There will now only be one visa class only for international students, subclass 500, and under the new streamlined process three quarters of applications will be waved through in less than one month. International students with the requisite funds or income and English language skills will be able to apply for the new visa, including Primary School student applicants (from the age 6 or above) and their guardians or family members. This represents a very significant shift in policy. The rules have also been relaxed with regards to course duration and immigration risk assessment. As a result of the new changes, there could potentially be a huge increase in the number of Primary School age Chinese students and their guardians, with many ultimately going on to become Australian citizens. With a combined population of about 2.7 billion or so, there is boundless potential for uptake from China and India in particular.</div>
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<div>Immigration eases</div>
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<div>The latest ABS Overseas Arrivals and Departures figures to April 2016 rolling annual number of net permanent and long arrivals eased to +270,200, the lowest number since May 2007. </div>
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 <div>The impact of this will mainly be felt in regional Australia and in resources regions, with population growth in the largest cities continuing to expand at around 80,000 to 90,000 per annum. </div>
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<div>Some 59 percent of permanent settlers hailed from Asia in the year to April, with the volumes arriving from New Zealand and Britain having slowed markedly.</div>
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<img src="/images/2016/06/07/A3.jpg" alt=""> <div>Rebalancing continues</div>
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<div>The lower dollar continues to drive tourist and other short term arrivals to record highs, with the 7.69 million short term arrivals over the past year being a punchy 9 per cent increase from April 2015.</div>
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<img src="/images/2016/06/07/A4.jpg" alt=""> <div>Most notably, the number of visitors from China, Taiwan and Hong Kong continues to multiply at an extraordinary rate, up by a tub-thumping 21.2 per cent over the year to 1.49 million. The compounding effect of such a growth rate implies a doubling of that number within 3.5 years. Incredible stuff.</div>
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 <div>Most short term arrivals come for holidays (3.79 million), but more than 2 million now cite their main reason for travel as being visiting friends and family, thereby reinforcing the Asian connections. 
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 <div>After a rare blip last month, the number of education arrivals is now on the march again, with the 489,900 arrivals over the past year representing a romping increase of 17 per cent. And thanks to the streamlining of visa rules from 1 July 2016 the number of international students will likely begin to flow freely more or less in perpetuity.</div>
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 <img src="/images/2016/06/07/A2-1.jpg" alt=""> This is another trend which is largely driven by China and India, and it is also heavily focussed upon the largest capital cities.  <div> </div>
<div>The wrap</div>
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<div>The significance of the unprecedented boom in Chinese tourism and students seems largely to be lost in the popular narrative, which continues to discuss economic malaise when the economy is growing at a faster pace than even the most bullish of commentators expected (an annualised pace of 3.6 per cent in the last six months reported).</div>
<div>
 It is true that net exports are leading growth, and certainly there has been concentration risk aplenty, but the international trade data confirmed that the pace of education, tourism and other services exports to China and other parts of Asia is accelerating.</div>
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 No doubt there will be the usual shrill complaints from the anti-immigration lobby about the streamlining of entry rules for international students, but overall this should be be a material boost for the Australian economy - and indeed for the beleaguered new apartment market.  
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PETE WARGENT is the co-founder of <a href="https://allenwargent.com/" target="_blank" rel="nofollow">AllenWargent</a> property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank" rel="nofollow">blogger</a>. 
His latest book is <a href="https://www.bigskypublishing.com.au/Books/General-Interest/Four-Green-Houses--and-a-Red-Hotel/1015/productview.aspx" target="_blank" rel="nofollow">Four Green Houses and a Red Hotel</a>.
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New student visa rules set to boost property markets: Pete Wargent

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Victoria's regional city of Mildura sits in fifth position on CoreLogic RP Data's latest list for median gross yields with a gross yield at 6.4 percent.
Its yield sits considerably higher than the national average of 4.63 percent.
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Property Observer profiles Mildura from a rental perspective.
The median sale price of a unit in Mildura was $175,000 compared with a national average of $438,000, over the last 12 months, according to the data. 
The median price change over one year was 6.30 percent, beating the national average of 2.1 percent handsomely.
Median rent for units was $215 pw against a national average of $390.
Property Observer looked up a few units around the median range available for renting around the median for Mildura on www.realestate.com.au.
1. A two-bedroom unit at <a href="https://www.realestate.com.au/property-unit-vic-mildura-418489190" target="_blank">4/209 Ninth St Mildura Vic 3500</a> is asking for $230 per week. No information was available on its last traded price on RP Data.
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2. A two-bedroom unit at <a href="https://www.realestate.com.au/property-unit-vic-mildura-418474494" target="_blank">3/276 Ninth Street Mildura Vic 3500</a> is up for rent at $200 per week. The house was recently bought for $136,000, the sale date being 27 April 2016.
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3. A two-bedroom unit at <a href="https://www.realestate.com.au/property-unit-vic-mildura-418397754">3/223 Walnut Avenue Mildura Vic 3500</a> is available for $230 per week. No data was available on its last traded price on RP Data.
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Mildura at fifth on Victoria's top suburbs for yields on units

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GUEST OBSERVER
Vestbuild specialise in developing homes with spaces that feel big, versatile and flexible - spaces that can be repurposed for daily/seasonal needs. 
We believe in squeezing use out of every square inch of space. 
While smaller designs are becoming more popular, compact homes have been built in Melbourne since the late 1800s: for example, you will have seen the Victorian terrace housing and cottages in the north Melbourne suburbs and in Fitzroy and Albert Park. 
The small two-three bedroom home was introduced to the inner suburbs of large Australian cities by the UK in the 1850s when huge swathes were built to accommodate the Victorian Gold Rush population boom.
Building was halted by an economic depression in the early 1890s and when it restarted again in the early 1900s, the demand was for larger houses to accommodate a much smaller population.
It makes sense then that, facing another population boom coupled with the key issue of affordable housing, Vestbuild is committed to continuing the tradition of creating housing in Australia based on what the market requires. 
Another factor shaping our housing needs is the unprecedented aging of our population. 
Vestbuild understands this. 
We understand that the Baby Boom Generation that’s driven change throughout their lives now want new housing models that meet their needs. 
We’ve learned is that Generation Y are looking for the same thing: accessory dwelling units in walkable, urban neighbourhoods.
This need is reshaping the traditional concept of suburban single family living who are moving away from the traditional large lot/large houses that have dominated the Australian property market for the past 20 years. 
Vestbuild has answered this with our intuitive designs that are efficient, appealing and financially viable.
Deniz Sivasli is managing director, Vestbuild and can be contacted <a href="https://www.vestbuild.com" target="_blank">here</a>. 
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