<a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.

A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.

Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360965]

“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.

From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.

The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360981]

Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.

A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.

Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360966]

Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.

“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.

Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360969]

Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.

The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.

“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”

The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.

The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.

[smartcode_project_cta:default project_id=149670]

Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.

The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.

Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.

The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.

The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" />

Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.

Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.

The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."

The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" />

Campbelltown has been starved of new residential developments in the last decade.

The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.

First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

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.

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]

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
</main>

Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

Western Australia

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As of 1 January 2017, the West Australian government’s FHOG was increased by $5000 to $15,000 for eligible buyers.
First-time home owners buying or building a new home may apply for a grant of up to $10,000.
Contracts signed between 1 January 2017 and 31 December 2017 may be eligible for an additional boost payment of $5,000.
Buyers can receive up to $15,000 towards your first home, without having to pay stamp duty.
The FHOG only applies to new residential dwellings – not established homes.
For more information about the FHOG and your eligibility, download the <a href="https://www.finance.wa.gov.au/cms/uploadedFiles/_State_Revenue/FHOG/FHOG_Fact_Sheet.pdf" target="_blank">FHOG fact sheet</a>.
For a contract to build a home, construction must commence within 26 weeks of entering the building contract and be completed within 18 months after construction commences.
For owner-builders, construction must be completed by 30 June 2019.
The purchase of a new home ‘off-the-plan’ will be eligible if construction is completed by 30 June 2019.
As with the old grant, the boost will be paid for homes up to the value of $750,000 (or up to $1 million if the home is located north of the 26th parallel).
The <a href="https://www.housing.wa.gov.au/housingoptions/homeownershipoptions/KeyStart/Pages/default.aspxhttp:/www.keystart.com.au/" target="_blank">Keystart</a>, WA government initiative also provides first-time Western Australian investors.
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jonathanchancellor-7SQnKwU6yx

The West Australian First Home Buyers Grant boost 

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Business confidence in the WA property sector remains low according to the latest ANZ/Property Council Survey.
The ANZ/Property Council Survey index for WA moved down six points from 104 to 98 for the first quarter of 2017, returning to earlier levels following a slight jump for the final quarter of 2016.
The Australian property confidence index saw a slight increase for the December 2016 to the March 2017 quarter from 130 to 132.
“These results confirm what we know – that’s it’s a long, hard slog back after the end of the mining construction boom,” Property Council WA Executive Director Lino Iacomella said.
“There is however some room for optimism in the survey with retail and retirement living sectors bucking the trend with positive growth expectations.
"This can be explained by the growing focus on delivering diverse housing choices for our ageing population and continued investment in shopping centre redevelopment.
"As focus turns to the March State election, now is the opportune time for all the major parties to commit to a budget stimulus package which puts forward achievable and sensible policy measures which will empower the property industry."
 
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j.ballantyne1990-6AQqhLzZaK

Low confidence in Western Australia property industry as election looms

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A palatial near beachfront Western Australian home in Dunsborough has been listed for just shy of $5 million.
Set on 763 sqm just off the shores of Geographe Bay, the <a href="https://www.realestate.com.au/property-house-wa-dunsborough-124425038" target="_blank">2010 built home</a> won the Master Builders Association for the best contract home.
The first floor includes a gym and home office with external access, with the second floor featuring a wine cellar, the master suite and a balcony offering ocean views.
It last traded before its rebuild for $2.8 million in 2008.
The residential record in Dunsborough was set last year when a four bedroom beachfront home sold for $4,675,000.
JHY Realty agent Lee York has the listing.
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Dunsborough in WA set for residential price record

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<div>
The first home owners grant for West Australian buyers purchasing new properties will increase from $10,000 to $15,000 in the new year, the State Government has announced ahead of the forthcoming election.
It will take effect from January 1, 2017.
The grant is only for newly constructed homes, as the Government followed the trend scrapping the grant for established properties in 2013.
The $5,000 boost will only apply for one year with Premier Colin Barnett saying the increase was aimed giving the state's slowing economy a "kick along."
"We estimate [the increase] will allow perhaps another 650 people to enter into the first home owners market," he said.
The cost is estimated at around $45 million. 
Finance and Small Business Minister Sean L'Estrange said the new $5,000 boost would apply to contracts entered into between January 1, 2017 and December 31, 2017 for the purchase or construction of a new home.
He said homes must be completed within certain timeframes. Construction must start within 26 weeks from signing the building contract and be finished within 18 months.
Those buying an off-the-plan apartments will need to make sure construction is completed by June 30, 2019, he added.
As with the existing grant, the boost will also apply to new homes up to the value of $750,000 or up to $1 million if the home is located north of Shark Bay.
The monthly number of first home owner grants paid in WA peaked in June 2009 at 2,419, but the figure dropped to 776 grants by April 2016, the ABC reported.
Last week Perth was ranked as Australia’s most accessible mainland capital for first time home buyers - the only city where the time it takes for a couple to save for deposit is not increasing.
</div>
The national report from Bankwest measured the time it takes a new entrant on Perth’s property market to save around $101,300 needed for a 20 per cent deposit on a median priced home has remained stable at 3.8 years.
It is below the national average of 4.4 years needed to save for a deposit worth $103,600.
Sydney couples face the toughest challenge, needing 8.4 years to save for a deposit worth $214,600.
West Australian entry level buyers have to save for 3.5 years, less than the 3.6 years required last year.
But the number of first home buyers in WA shrank by 14.1 per cent to 16,424 in the twelve months to June this year.
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Western Australia FHB grant for new homes boosted $5,000 to $15,000

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The Parliament of Western Australia has passed the Residential Tenancies Amendment Bill 2015 and the Licensing Provisions Bill 2015, with amendments being made to the Residential Tenancies Act, the Real Estate and Business Agents Act, and the Auction Sales Act.
This is a result of initiatives put forward by the Real Estate Institute of Western Australia (REIWA), who has been advocating for these major changes which will create direct savings for the real estate industry.
REIWA chief executive officer Neville Pozzi said the amendments will not only result in a reduction in administrative burden and cost savings for tenants, lessors and real estate agents, but also increase efficiencies that are expected to contribute towards keeping downward pressure on rental costs for tenants.
“REIWA commends the Barnett Government, the Minister for Commerce and the Opposition for passing the bills, which will reduce compliance costs, save the industry money and make it easier to conduct real estate business in WA,” he said.
The proposed amendments will include changes to the following:
Residential Tenancies Act changes:
<ul>
<li>Will simplify the process when a lessor is required to issue a notice of proposed entry to the tenant;</li>
<li>Will enable the service of notices and documents under the act by electronic means</li>
<li>Will remove the requirement for notices of abandoned goods to be advertised in a newspaper circulating throughout the state.</li>
</ul>
Real Estate and Business Agents Act changes:
<ul>
<li>Will remove the prohibition on real estate agents from receiving commission prior to settlement from an off the plan strata sales transaction (as defined by the act).</li>
</ul>
Auction Sales Act changes:
<ul>
<li>Will allow auction licensing renewals to align with other industry license renewal periods, up to three years.</li>
</ul>
Once both bills receive royal assent, are proclaimed and gazetted as acts in the coming weeks, businesses operating within the real estate industry can start implementing these changes into their practices.
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Legislation passed to cut costs for WA real estate industry

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Laurance Wines in Western Australia has been sold to a US investor for $30 million.
New York based real estate developer and wine enthusiast Howard Milstein has purchased the property which will be partly leased to the Oatley family and Larry Cherubino Wines.
Brian Moultan, ACTON South West director said he believed the deal to be the highest value vineyard sale of all time.
“We sold Clairault six years ago for $16 million, but there’s been nothing beyond that that I’m aware of,” he told Business News.
“It’s good that valuers in the future now will have to consider this price per hectare of land and price per hectare of vines, but it’s still a pretty tough market – there is still a degree of nervousness out there,” Mr Moulton said.
Mr Moulton is also actively marketing Edwards Wines, a family-owned estate near Cowaramup that he said was also attracting significant interest, particularly from foreign investors.
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New York real estate developer buys WA's Laurance Wines 

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Sentinel Property Group has purchased the Port Hedland Boulevard Shopping Centre in Western Australia for $17.6 million from a private vendor.
The shopping centre has Woolworths as along term tenant on a 20-year lease expiring in 2028 plus two further five-year options.
The shopping centre, 150 Anderson Street, spans 6,259sqm and also features two Harvey Norman stores, 16 specialty shops and a service station. 
<img src="/images/2016/11/08/Port%20Hedland%202.jpg" alt="">
Warren Ebert, Sentinel managing director said the company is pleased to be growing its property presence in WA in the strategic regional location of Port Hedland.
"We believe it is the right time to be buying in this location as there are strong growth prospects ahead," he said.
"Port Hedland is the world’s largest bulk minerals port, is Australia’s largest export port by annual throughput and ships over 58 percent of Australia’s total iron ore exports. The Pilbara Ports Authority has forecast a 16 percent increase in shipping capacity over the next three years.
"Sentinel has been looking to buy in this region for some time and has now been able to capitalise as a result of asset repricing on the back of the down turn in iron ore."
The Port Hedland Boulevard Shopping Centre is the latest asset of the open-ended pooled Sentinel Countrywide Retail Trust, which also owns shopping centres in Dubbo, Bathurst and Broken Hill in NSW and Atherton, Townsville and Emerald (x2) in QLD.
Sentinel has recently completed the sales of two shopping centres in central NSW that were held by the Sentinel Countrywide Retail Trust – a Coles anchored centre at Wellington for $3.6 million (September 2016), and a Coles anchored centre in Narromine for $4.18 million (July 2016). Respectively, the centres at Wellington and Narromine were purchased for $2.7 million and $3.35 million in May 2015.
Mr Ebert said Sentinel is both a seller and a buyer in the neighbourhood shopping centre sector at current prices.
“We have bought very well in this sector, when it was unloved by others, and as a result we are receiving a number of unsolicited offers to acquire our centres,” he said.
“We will continue to take money off the table as opportunities arise to maximise returns for our investors. We also remain an active opportunistic buyer, particularly in regional locations not yet fully identified by others.”
<img src="/images/2016/11/08/Port%20Hedland%203.jpg" alt="">
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Sentinel acquires Port Hedland Boulevard Shopping Centre in WA 

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The industrial market is either approaching or at the bottom of the market despite the number of industrial properties remaining at a steady rate, according to Herron Todd White’s latest monthly market report.
The property advisory firm says that the exception were Perth, Darwin and South West WA where the numbers of industrial properties are declining.
<a href="/images/2016/10/14/NT%20industrial.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/14/NT%20industrial.jpg" alt="">
There is also a large value difference between quality properties with national tenants, and comparable properties with local tenants in all of the regions with the exception of Alice Springs and South West WA which has reported small value differences.
There is also an oversupply of industrial properties throughout all of SA, WA and NT, resulting in a flat local economic situation.
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Industrial market in NT, SA and WA declining: HTW

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The residential market in Perth appears to be very segmented at present, with several mortgage belt areas appearing to be in a downward spiral, according to Herron Todd White’s (HTW) latest monthly market report.
However, several upgrade pockets holding their own and some prestige areas doing reasonably well.
The property advisory firm says that weekly sales activity is exactly the same as 12 months ago and listings are slightly lower.
The median sale price for houses is steady at $530,000, while the median sale price for units fell off a cliff last quarter from $435,000 to $405,000, coming off a high of $452,000 in 2014.
"There are bargain hunters out there, but there are also many people who have simply been paying off debt or building up savings for many years and are now in a position to upgrade to those areas they have been desiring," the report advised.
"There is more competition for sought after products than there was six months ago."
It noted that many neighbouring suburbs are performing at vastly different levels.
Investors have largely retreated from the market over the past 18 months however speculation about the timing of the bottom of the cycle is rife.
"Small scale development sites in particular have been on the nose, but with prices in many areas approaching single residential value reducing the risk profile of these sites, they appear to be rebounding," the report noted.
"An example of this can be found in Gabriel Street, Cloverdale, where many sites have a zoning of R20/50/100 and offer a variety of development opportunities."
The property at <a href="https://www.realestate.com.au/sold/property-house-wa-cloverdale-122239714" target="_blank">127 Gabriel Street</a> (pictured above) transacted in May 2016 for $535,000, whilst an almost identical property situated at 131 Gabriel Street transacted in July 2015 for $610,000.
More recent activity indicates a higher level of interest in similar properties above $550,000.
In the more traditional market, the trend appears to be that the market is avoiding the best house in the worst suburb and normalised to the worst house in the best suburb. Market activity through premium suburbs such as Cottesloe, Mount Pleasant and Leederville has improved, with a significant level of activity at entry level prices.
This is being driven by buyers who have long desired to reside in such suburbs and due to personal circumstances including debt, job security and current interest rates, they can now take the plunge.
Less desirable areas such as Camillo, Koondoola and Girrawheen are struggling for traction, largely due to older style, generic housing options not inspiring the market, when perceived better value offerings are available in better located or more desirable suburbs such as Parkwood, Warwick and Greenwood.
Buyers include first home buyers plus upgrade activity from current owners within those less desirable suburbs.
There remains activity in traditional first home buyer suburbs on the urban fringe, albeit at base entry prices. Suburbs such as Golden Bay, Secret Harbour, Wandi and Wellard in the south along with Banksia Grove in the north are attracting the majority of interest, with the driver appearing to be affordability and reasonable proximity to public amenities.
Many new and developing estates previously targeted by upgrade activity are now struggling for traction, with re-pricing of land common, as are rebates and performance incentives.
Areas such as Eglinton, Butler and Alkimos in the north and Piara Waters in the south are competing with near new, fully established products which are often purchased at a discount to the buy and build process. As such, sales activity and fall over rates in such areas are reportedly significantly higher than 12 months ago.
Land prices in these areas remain the key to their performance through the remainder of 2016. Many developers are reluctant to meet current market price expectations and more innovative estates are likely to come to the fore.
Estates where developers have significant relationships with large scale builders that can secure a significant volume of lots will remain attractive, as the cost efficiencies of mass construction narrow the gap between the traditional buy and build and the established housing market.
However HTW suggested caution still needs to be applied in such scenarios, including the land and building cost splits, quality and variety of product offering and most importantly, the amenity offerings within the estate or immediately nearby.
 
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Small scale WA development sites are rebounding: HTW

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ASIC has cancelled the Australian Financial Services (AFS) licence of Western Australian-based Macro All State Investments &amp; Securities Limited (Macro).
In general, the Macro AFS licence allowed Macro to:
<ol>
<li>provide general financial product advice;</li>
<li>deal in a financial product, issue or vary a financial product;</li>
<li>apply for, acquire, dispose of financial products on another's behalf;</li>
<li>operate a managed investment scheme, and</li>
<li>provide a Custodian or Depository service.</li>
</ol>
The directors of Macro included Ms Desiree Veronica Macpherson. 
ASIC obtained various ex parte interim orders in the Perth Federal Court on 21 July 2016 in part restraining Ms Macpherson and various companies that she was a director of, including Macro, from providing financial services advice, dealing in financial products, promoting financial products and otherwise carrying on a financial services business (see: <a href="https://asic.gov.au/about-asic/media-centre/find-a-media-release/2016-releases/16-258mr-asic-obtains-court-travel-restraint-and-asset-preservation-orders-against-west-australian-property-developer-and-macro-realty-group-of-companies/" title="16-258MR ASIC obtains court travel restraint and asset preservation orders against West Australian property developer and Macro Realty Group of companies">16-258MR</a>).
Section 915B(3)(d) of the Corporations Act 2001 states ASIC may suspend or cancel an AFS licence held by a body corporate by giving written notice to the body, if the body lodges with ASIC an application for ASIC to do so, which is accompanied by any documents required by regulations.
ASIC's investigation is continuing into the activities of Ms Macpherson and various companies of which she has been a director.
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