<p><a href="https://www.apartments.com.au/developments/caulfield-north-vic-3161">Caulfield North</a> isn’t short on prestige, but it is short on boutique new apartment developments with spacious floorplans.</p>

<p>Cue LUMA, the newest development by&nbsp;<a href="https://www.apartments.com.au/developers/skylife-group-pty-ltd">Skylife Group</a>, which offers just nine apartments on Hawthorn Road.</p>

<p><a href="https://www.apartments.com.au/new-apartments/luma-caulfield-north-226-hawthorn-road-caulfield-north-vic-3161">LUMA</a> occupies a coveted position near Caulfield Park, encircled by Melbourne's finest schools, parks, and culinary destinations. Its low-rise form by Metaxas Architects channels timeless design principles, wrapped in a restrained yet luxurious material palette.</p>

<p>Every residence embraces natural light and outlooks, thanks to expansive glazing and thoughtfully arranged floorplans.</p>

<p>Ranging from 80 sqm to nearly 160 sqm internally, with terraces or balconies extending up to 30 sqm, the homes offer a diversity of configurations, from two-bedroom residences to three-bedroom layouts with up to three bathrooms.&nbsp;</p>

<p>[smartcode_project:default project_id=148933 project_image_fid=335511]</p>

<p>The interiors are unified by a calm, light-infused aesthetic. Organic white walls, soft walnut timber joinery, and Aurora Range European Oak flooring are paired with plush carpeted bedrooms, creating a harmonious tactile experience.</p>

<p>The kitchens at LUMA serve both as culinary workspaces and statement design features. Buyers can choose between a lightGlacier Honed or dark Turko Argento natural stone benchtop, with timber-look Polytec Ravine joinery and fluted glass cabinetry providing contrast.&nbsp;</p>

<p>Miele appliances complete the package, tailored to residence size, with premium upgrades for three-bedroom homes including an 80cm induction cooktop and Gen 7000 speed oven.</p>

<p>Bathrooms echo the same sensibility, with natural stone, black EXON fixtures, and frameless glass showers. Select residences offer freestanding baths.&nbsp;</p>

<p>[smartcode_project:default project_id=148933 project_image_fid=335513]</p>

<p>Private outdoor spaces, secure parking, and options for EV charging reflect a practical yet elevated lifestyle focus.</p>

<p>As the development progresses toward its late 2026 completion, construction is in the hands of <a href="https://www.apartments.com.au/builders/rf-construction-management-pty-ltd">RF Construction Management</a>, bringing over 30 years of local high-end building expertise.</p>

<p>LUMA also offers a five per cent deposit structure, allowing buyers time to plan while securing their place in this tightly held precinct.&nbsp;</p>

<p>[smartcode_project_cta:default project_id=148933]</p>


Joel Robinson

Inside Caulfield North's most boutique address, LUMA

<p>Sekisui House Australia's first apartment development in Sydney's Lower North Shore has been a hit with prospective new home buyers.</p>

<p>They recently released <a href="https://www.apartments.com.au/new-apartments/waterstone-st-leonards-24-berry-road-st-leonards-nsw-2065">Waterstone</a>, on the fringe of Newlands Park in the emerging St Leonards South precinct, a short walk from the Crows Nest Metro and the heart of St Leonards.</p>

<p>The new development will home&nbsp;207 apartments across five mid-rise buildings, rising between four to nine storeys.</p>

<p>We recently visited the display suite at&nbsp;60 Pacific Highway, St Leonards, to find out more about the development that has been one of the most enquired on developments on Apartments.com.au in the last few months.</p>

<p><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/rO1K7t6GOgY?si=pwmYyqjNBBzjMNeb" title="YouTube video player" width="560"></iframe></p>

<p>Watersone sales agent Paul Marrum says the orientation of the building was key to Sekisui's wider design philosophy.</p>

<p>“Waterstone has been orientated to face south, capturing views over Newland’s Park and back to the Sydney CBD," Marrum says.</p>

<p>"This deliberate positioning, alongside 30 per cent of the site dedicated to open space designed by <a href="https://www.apartments.com.au/landscape-architect/aspect-studios">Aspect Studios</a>, roots the project in the developer’s Satoyama philosophy - prioritising balance between the built environment and its surrounding ecosystem."</p>

<p>On offer are a mix of one-, two-, three-, and four-bedroom apartments, with many including&nbsp;multi-purpose rooms to accommodate shifting lifestyle needs, from work-from-home professionals to growing families and downsizers.&nbsp;</p>

<p>[smartcode_project:default project_id=134191 project_image_fid=234]</p>

<p>“Every apartment is open plan, with interiors flowing to balconies or courtyards," Marrum adds.</p>

<p>"The material palette reinforces this flow: soft-toned tactile stone, fluted glass cabinetry, and warm timber joinery work together to create what he describes as a “refined but relaxed atmosphere.”</p>

<p>There’s a distinct human scale to Waterstone’s design. The community is shaped as a network of boutique buildings threaded by a ‘green spine’, a landscape feature that invites movement, reflection, and connection.</p>

<p>Marrum highlights the presence of sensory gardens and native planting throughout, signalling an approach that enhances both wellness and biodiversity.&nbsp;Yet Waterstone doesn’t forgo amenity for serenity however. Residents will have access to a heated outdoor pool and spa, infrared sauna, co-working lounge, fully equipped gym, and even dedicated resident workspaces.&nbsp;</p>

<p>[smartcode_project:default project_id=134191 project_image_fid=231]</p>

<p>Waterstone will rise from a prime Berry Road site ideally located near the green Newlands Park but also a short walk to the hear of both St Leonards and Crows Nest, two transport nodes with bus, train, and Sydney Metro lines connecting to the rest of Sydney.</p>

<p>Construction is slated to begin in mid-2025, with completion targeted for late 2027.&nbsp;</p>

<p>[smartcode_project_cta:default project_id=134191]</p>


Inside Waterstone St Leonards: Apartments.com.au Video Spotlight

<p>Off the plan buyers at Altona's newest apartment development Voyage, are soon to take their keys, with&nbsp;<a href="https://www.apartments.com.au/developers/spacious-property-development-group-pty-ltd">Spacious Property Development Group</a>&nbsp;approaching completion of the contemporary, coastal building.</p>

<p>Farey &amp; Co can now take prospective buyers through a fully-furnished display apartment on appointment as construction approaches its final stages.</p>

<p>[smartcode_project:default project_id=112195 project_image_fid=3286]</p>

<p>Situated just 13 kilometres from Melbourne’s CBD, Voyage Altona beachside apartment development offers a rare opportunity to live moments from the sand, pier, and thriving village life of Pier Street.</p>

<p><a href="https://www.apartments.com.au/new-apartments/voyage-altona-102-106-pier-street-altona-vic-3018">Voyage</a> is the only new apartment offering currently on the market in <a>Altona</a>. Comprising one, two, and three-bedroom residences, it has been thoughtfully designed to appeal to a broad spectrum of buyers, from first home purchasers to downsizers and lifestyle-focused owner-occupiers.&nbsp;</p>

<p>Prices start from just over $500,000 for one-bedroom apartments, with three-bedroom configurations topping out just over the $1 million mark.</p>

<p>[smartcode_project:default project_id=112195 project_image_fid=2145]</p>

<p>Voyage's architecture, by <a href="https://www.apartments.com.au/architects/cheah-saw-architecture">Cheah Saw Architecture</a>, is defined by an asymmetrical façade and a refined palette that echoes the surrounding coastal tones.&nbsp;</p>

<p>Inside, a minimalist design language prevails, with full-height glazing inviting expansive views over Port Phillip Bay and hybrid timber flooring grounding the open-plan layouts.&nbsp;</p>

<p>Kitchens are appointed with premium Miele appliances and stone finishes, while the bathrooms feature porcelain tiles and walk-in glass showers.</p>

<p>[smartcode_project:default project_id=112195 project_image_fid=3287]</p>

<p>Voyage's location on Pier Street places residents at the heart of the suburb’s major activity centre. <a href="https://www.apartments.com.au/developments/altona-vic-3018">Altona</a> Station, Altona Beach, and a diverse mix of cafes and shops are all within walking distance.&nbsp;</p>

<p>With the final release now selling, Spacious is offering buyers the chance to secure their future home with just a five per cent deposit, a move that lowers the barrier to entry and positions Voyage as one of the most accessible premium new builds on Melbourne’s bayside fringe.</p>

<p>Spacious Property Development Group collaborated with <a href="https://www.apartments.com.au/builders/valeo-construction">Valeo Construction</a> to bring this vision to life. The development has advanced significantly, with interior fit-outs and communal landscaping well underway.&nbsp;</p>

<p>Completion is targeted for Q3 2025, with some buyers expected to move in by September.</p>

<p>[smartcode_project_cta:default project_id=112195]</p>


Completion is targeted for Q3 2025, with some buyers expected to move in by September

Buyers to move into Voyage Altona this Spring

<p><a href="https://www.apartments.com.au/developers/beulah">Beulah</a>&nbsp;has unveiled its latest release of exclusive homes in its sustainable Brunswick townhouse development, Brunswick Established.</p>

<p>The collection, known as ‘The Courtyard House’, has been created in collaboration with Six Degrees Architects to meet the evolving needs of modern families.&nbsp;</p>

<p>With a central courtyard at its heart, the design reimagines the possibilities of multi-generational living, blending flexibility, sustainability and personalisation within a heritage setting. Distinct from a traditional garden, the courtyard delivers natural light, fresh air and a generous sense of space, without the upkeep of a backyard.</p>

<p>Comprised of 23 two-storey townhouses, <a href="https://www.apartments.com.au/new-townhouses/brunswick-established-23-hodgson-st-brunswick-vic-3056">Brunswick Established</a> offers multiple typologies of townhomes to suit different living requirements, allowing residents to grow in place - majority include ground-floor bedrooms for accessibility, while others, known as the ‘The Courtyard House’, provide a unique, flexible detached space separated by a courtyard.</p>

<p>Responsible for both the architecture and interior design, <a href="https://www.apartments.com.au/architects/six-degrees-architects">Six Degrees</a>’ holistic approach enabled the team to ensure an intrinsic link between the design outcomes; a seamless, harmonious flow from the outside to within.</p>

<p>[smartcode_project:default project_id=136451 project_image_fid=275571]</p>

<p>“The modern home should flow from inside to outside - the courtyard provides a space which joins the different parts of the home together as the central outside space of the home,” explains Six Degrees Director, Peter Malatt.</p>

<p>“The courtyard is a model used since ancient times, transforming the home from an object within a space to an object enclosing space. It acts as both the visual and social heart of the home, a space to gather, reflect, or simply pause, offering a moment of calm within a busy urban context."</p>

<p>“Courtyards also offer a deeply cultural and emotional resonance, with their timeless presence across human history. They connect us to the past, while shaping how we live today</p>

<p>Malatt says the courtyard also operates as a micro-climate, which can retain heat in winter and be a shaded haven in summer.</p>

<p>"The ability to take warmed or cooled air into the home from the courtyard space is a great way to improve internal health and minimise energy use through heating and cooling. In a compact urban environment like Brunswick, courtyards are also a clever solution - bringing light, greenery and nature into denser living formats while maintaining a strong sense of privacy and connection."</p>

<p>[smartcode_project:default project_id=136451 project_image_fid=270371]</p>

<p>This concept resonated strongly with early downsizers who recently purchased one of the Courtyard homes at Brunswick Established for themselves and their two adult sons, aged 21 and 24.</p>

<p>“We’re excited to have a home that gives us flexibility as our lives evolve, whether it’s our sons living with us as they finish university, or us being able to lock up and travel. Having separate spaces connected by the courtyard is perfect for our family dynamic, especially as we value our independence but also want to stay close,” they shared.</p>

<p>The couple, who also share their home with two dogs and two cats, highlighted the benefits of multi-generational living in a courtyard home.</p>

<p>“Our sons help care for the pets, we enjoy cooking and spending time together, and the courtyard means we have light, greenery, and privacy all in one. We love that Brunswick Established has thought about sustainability and customisation in such a detailed way, it’s rare to find that in a project.”</p>

<p>Beulah’s approach to design customisation at Brunswick Established, allowing residents to adapt layouts to their lifestyle, has been a major drawcard for buyers seeking homes that evolve alongside them. The detached living space offers flexibility to suit changing needs, whether as a studio, guest retreat, or home office, while maintaining a close link to the main residence, allowing family members to come together or enjoy privacy when needed.</p>

<p>[smartcode_project:default project_id=136451 project_image_fid=275570]</p>

<p>Malatt added that the&nbsp;homes have been designed for residents’ well-being, allowing couples and families to ‘grow’ in their own homes while ensuring they meet their needs for generations to come.</p>

<p>"Purchasers usually experience multiple lifestyle stages within one home, and we’re looking forward to seeing these unique homes come to life."</p>

<p>As part of this forward-thinking approach, Beulah will also host an exclusive event, The Property Market Decanted, on Wednesday 27 August at The Commons Café &amp; Cocktail Bar, Melbourne. The evening will feature insights from leading property and finance experts on Melbourne’s market outlook and long-term wealth creation strategies, particularly for multi-generational households.&nbsp;</p>

<p>[smartcode_project_cta:default project_id=136451]</p>


Beulah release sustainable courtyard townhouse collection at Brunswick Established

<p>Hampton's High Street offers the best of both worlds; halfway between Hampton Beach and Hampton Station, with a myriad of cafes and shops on its doorstep.</p>

<p>It was this unbeatable combination of convenience and connectivity that attracted Nash Project Management to secure a prime site on the corner of Hampton and Holyrood Streets several years ago.</p>

<p>The result is <a href="https://www.apartments.com.au/buildings/holyrood-hampton-451-461-hampton-street-hampton-vic-3188">Holyrood &amp; Hampton</a>, a newly completed residential development comprising 59 premium apartments set above a full-line Coles supermarket, enhancing the day-to-day ease for residents.</p>

<p>[smartcode_project:default project_id=4629 project_image_fid=1530]</p>

<p>Those who have already moved into Holyrood &amp; Hampton have highlighted several standout features of their new home, with the location topping the list.</p>

<p>Hampton Station on the Sandringham line (Zone 2), is just down Hampton Street, offering regular services to Flinders Street Station. Multiple bus routes connect to Southland, St Kilda, and Berwick, while scenic cycling paths along the bay provide a relaxing alternative for commuters and weekend riders.</p>

<p>A short walk west leads to Picnic Point and Hampton Beach, beloved for its clean sand and family- and dog-friendly spaces. Ferdinando Gardens, near the pier, is perfect for picnics, while coastal walking trails offer peaceful views and breezes.</p>

<p>The surrounding green spaces—Castlefield Reserve, Triangle Gardens, and Hampton High Reserve—offer playgrounds, sports fields, and a sense of calm. Golfers have several options nearby, including Brighton Public Golf Course just a short drive away.</p>

<p>[smartcode_project:default project_id=4629 project_image_fid=1528]</p>

<p>Hampton Street remains the heart of the community, with more than 50 fashion boutiques, cafés, and eateries. A Woolworths anchors the retail strip, while independent shops help maintain its village charm.</p>

<p>Health and community services are easily accessible, with local GPs, dental clinics, and the nearby Sandringham Community Hospital, supported by larger hospitals in Brighton and Cheltenham.</p>

<p>Families are well catered to, with top private and public schools within a 1–2 km radius. These include Haileybury College, St Leonards College, Firbank Grammar, Brighton Grammar, Hampton Primary, and Brighton Secondary College.</p>

<p>[smartcode_project:default project_id=4629 project_image_fid=1532]</p>

<p>The apartments have been designed for longevity, with spacious, home-like layouts. Many include butler’s pantries, oversized kitchen islands, and quality finishes.</p>

<p>Additional features such as a rooftop terrace, EV charging, secure storage, and direct supermarket access support a highly functional and low-maintenance lifestyle.</p>

<p>Designed by Telha Clarke, Holyrood &amp; Hampton reflects how people want to live today—connected, walkable, and move-in ready.</p>

<p>[smartcode_project_cta:default project_id=4629]</p>


Those who have already moved into Holyrood & Hampton have highlighted several standout features of their new home, with the location topping the list.

Holyrood & Hampton presents a walkable, Bayside lifestyle in the heart of Hampton

Mcgrath

<p>With substantial forecasted population growth, and the North West Metro, Castle Hill is becoming a sought-after suburb. Offering genuine value compared to more established apartment markets like Chatswood, St Leonards and Macquarie Park, it is attracting first home buyers, investors, downsizers and upsizers. Due to complete Spring 2024, Grand Reve has been billed as the most prestigious development ever offered in the Hills District.</p>

<p>Hear from Sydney local Gerry, who recently purchased his new home at Kassis Homes' Grand Reve as well as Josephine, who recently purchased two new properties at Kassis Homes' Grand Reve.</p>

<p>&lt;iframe width="560" height="315" src="https://www.youtube.com/embed/b2-cVGxhNtQ?si=GiknCU48EDLJIcz6" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen&gt;&lt;/iframe&gt;</p>

<p>[smartcode_project_cta:default project_id=94147]</p>

<p>*Dasco has been rated 4.5 gold stars in the NSW Government's Rating System, iCIRT, which helps prospective buyers more easily identify building professionals who have a proven track record, supported by objective evidence of their past capability to deliver buildings you can trust. The more stars, the more confidence your construction industry professional is likely to deliver a reliable outcome.</p>

<p>&lt;iframe width="560" height="315" src="https://www.youtube.com/embed/VXyo-f3_kEQ?si=TIyi2dsofYbqGT8I" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen&gt;&lt;/iframe&gt;</p>

<p>[smartcode_project_cta:default project_id=94147]</p>

<p>[smartcode_project:default project_id=94147 project_image_fid=203070]</p>

<p>[smartcode_project:default project_id=94147 project_image_fid=203069]</p>

<p>&nbsp;</p>


Hear from Sydney local Gerry, who recently purchased his new home at Kassis Homes' Grand Reve as well as Josephine, who recently purchased two new properties at Kassis Homes' Grand Reve.


Olivia Round

Grand Reve Recent Purchaser Testimonials from Josephine & Gerry

<p>It's not often an off the plan buying opportunity comes up in Marrickville, Sydney's popular inner west suburb.</p>

<p>Following their success of Kindred apartments nearby, Astute Property Developments are soon to launch their latest development in the area which has become popular for its breweries and eclectic dining scene.</p>

<p>The new project, Mosaic, will see 43 apartments created on Illawarra Road, the heart of Marrickville. The name Mosaic pays homage to the mosaic artworks dotted around Marrickville, as well as the diverse mix of architectural styles and its buzzing music and foodie scene.</p>

<p>Astute Property, led by managing director Fady Rizk, are developing and building the eight-level project, which is coming up for sale through McGrath Projects.</p>

<p><img alt="The view from Mosaic Marrickville" data-entity-type="file" data-entity-uuid="737630ed-c359-477d-963c-348dd039de66" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-08-23%20at%206.52.59%20am.png?VersionId=QEAX7Q3vdlSe3ez91kkt1Ft5UXCNDuTh" /></p>

<p>“We spent the last 12 months modifying the existing DA, focusing on reducing the number of apartments to increase study and living space and accommodating people who continue to work from home,“ Rizk says.</p>

<p>“This site is a rare find in Marrickville and we’re excited to transform a previously derelict building and revamp the strip that is fast establishing itself as the ‘eat street’ of Marrickville.”</p>

<p>The project includes a mix of one, two and three-bedroom apartments with prices starting from $820,000 for a one-bedroom apartment which range in size from 50 to 55 sqm internally, with a further 12 to 25 sqm of internal space.</p>

<p><img alt="The communal area at Mosaic in Marrickville" data-entity-type="file" data-entity-uuid="64b3ef42-10b1-44bc-8571-350df763d304" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-08-23%20at%206.53.42%20am.png?VersionId=pCmkzvXX.K_PiCV5nf7x9fl4Tv50JaPu" /></p>

<p>The two-bedders will start from $1,195,000, and range in size from 75 to 89 sqm internal and a further 10 to 40 sqm external.</p>

<p>The largest apartments, with three bedrooms, have 100 sqm of internal space and 15 to 20 sqm external.</p>

<p>Colin Griffin, Associate Director for McGrath Projects, says the team has created a unique premium offering for Marrickville which he believes will appeal to both investors and owner occupiers.</p>

<p>“‘Mosaic’ provides a great opportunity for investors to secure a premium product, at a desirable price point, that is in limited supply in Marrickville," Griffin says.</p>

<p>"Tenants are looking for quality properties in an area that has all the elements you want in a desirable lifestyle close to transport, schools and parks, plus – great dining options, cafes even live music and are happy pay a premium for all this at their doorstep. As a result, Investors are always looking to purchase where tenants want to be.</p>

<p>“We also expect strong interest from young families and young professionals who understand the vibe of Marrickville, looking to upgrade their home and live in an area that they already love.”</p>

<p>Benson McCormack Architects and interior design studio Axlund &amp; Goldstein Interiors have collaborated on the project, which includes 200 sqm of private residential space on level four which will feature a communal garden.</p>

<p><img alt="The new Mosaic development in Marrickville" data-entity-type="file" data-entity-uuid="de989fd7-f7c3-46c0-9831-9cd300dd44f9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-08-23%20at%206.52.54%20am.png?VersionId=ZGiSsVr.eWxf.TvHCjisnKTSWggjKLMq" /></p>

<p>“The open space with communal intimate zones enables a number of groups to use the area and enjoy the city views, with a little sense of privacy,” Rizk added.</p>

<p><strong>Fast Facts</strong></p>

<p>Mosaic is expected to be completed at the end of 2023.</p>

<p>Product mix: 16 x 1 bedroom; 25 x 2 bedroom; 2 x 3 bedroom apartments.</p>

<p>4 x Ground Floor retail tenancies totalling 410m2.</p>

<p>One-bedroom apartments range in size from 50-55 sqm internal and 12-25 sqm external and are priced from $820,000 to $940,000.</p>

<p>Two-bedroom apartments range in size from 75-89 sqm internal and 10-40 sqm external and are priced from $1,195,000 to $1,495,000.</p>

<p>Three-bedroom apartments range are each approximately 100sqm internal with 15-20 sqm external and are priced at approximately $1,800,000.</p>


Astute Property, led by managing director Fady Rizk, are developing and building the eight-level project, which is coming up for sale through McGrath Projects

Marrickville set for rare new apartment development

<p>While house values have rocketed over 2021, apartment values have too quietly shown steady growth over the year to date.</p>

<p>And as house prices continue to escalate and become affordable for many, apartments are becoming a much more attractive, and necessary, proposition, with further growth forecast when international borders open and investors come back in to the market.</p>

<p>Urban recently caught up with John McGrath, who founded McGrath back in 1988, to discuss how the apartment market went in 2021, and how it is shaping up for the next few years.</p>

<p><strong>JC: How have you viewed the performance of the apartment market (established and or off the pl​an) in 2021, and what are the strongest positive and negative factors that will influence outcomes in 2022 and 2023?</strong></p>

<p><strong>JM</strong>: There’s no doubt that apartments, other than luxury, have missed much of the price surge that established houses have enjoyed. &nbsp;In many locations we’ve seen houses prices escalate by 35-40% and&nbsp;in those same areas we’ve seen a more modest 5-10% rise in apartment values.</p>

<p>There are a few reasons for this. Firstly, apartments have a larger investment buyer profile &amp; the strongest demand has been from owner occupiers. Also a large percentage of apartments that are not bought by investors sell to first home buyers who generally don’t have the same buying power or discretionary spending that is appearing higher up the price chain.</p>

<p>And finally, in many of the big cities apartments have been hit hard by the closure of international borders &amp; less inflow of migrants &amp; students which have increased vacancy &amp; reduced rental returns momentarily. But I think if anything this makes apartment buying represent better growth in many parts of the country as houses become less affordable and&nbsp;overseas borders open up in 2022.</p>

<p>[smartcode_project:default project_id=94147 project_image_fid=152849]</p>

<p><strong>JC: What trend (short term or long term) has prompted your greatest enthusiasm for the apartment market, and what is the issue of most concern to you and or your clients?</strong></p>

<p><strong>JM</strong>: In general apartment living has replaced the traditional quarter acre aspiration for many Australians due primarily to housing affordability for younger buyers and&nbsp;also an ongoing desire to live in urban, inner city and&nbsp;beachside locations. And whilst COVID has driven many buyers to more remote lifestyle areas there’s no doubt that convenient, secure, low maintenance strata living will continue to be in great demand as we move through the immediate impacts of the pandemic. &nbsp;</p>

<p>And as COVID has changed the way many of us live, many developers have also pivoted &amp; are now designing and&nbsp;buil​ding apartments that cater to the needs of this changing environment. And finally I believe the ideal combination of many empty nesters moving forward will be a great inner city living space along with a getaway within two hours so apartment living will reinvent itself and&nbsp;deliver the population what it wants post-COVID.</p>

<p>[smartcode_project:default project_id=9040 project_image_fid=28461]</p>

<p><strong>JC:&nbsp;Has urbanisation stalled or what will it look like over the decade ahead?</strong></p>

<p><strong>JM</strong>: As more employers and&nbsp;employees discovered that they no longer need to travel to a central location to effectively conduct their work I believe we will find a reduction of 25-35% of the workforces commuting daily to the CBD and&nbsp;commercial centres.</p>

<p>So this will have an impact on many jobs, employees and&nbsp;employers. Ans as many opt for home-based work this will undoubtedly have some impact on the shape of home and&nbsp;work environments &amp; locations.</p>

<p>Proximity to these commercial hubs for a percentage of the population will become less of a priority and&nbsp;lifestyle benefits such as proximity to family, beaches and&nbsp;parks will move up the checklist. But many people still want to be located within a reasonable commute of the many lifestyle benefits located in and around the CBD so I have no doubt that demand for these will continue to be in high demand.</p>

<p>[smartcode_project:default project_id=24444 project_image_fid=81414]</p>

<p><strong>JC: How important do you view the push for sustainability practices in the apartment market/new housing estates, and what initiative has seized your interest or focus?&nbsp;</strong></p>

<p><strong>JM</strong>: With more &amp; more demand for environmental sustainability from all generations there’s no doubt that buildings that are both gentler on the environment and&nbsp;more self-sufficient will become increasingly popular, especially for the younger generations.</p>

<p>As yet we’ve seen some movement in this direction but I expect this to rapidly escalate moving forward due to increasing education and&nbsp;agitation towards a cleaner greener environment. I think we will see this manifest in more environmentally friendly building materials as well as buildings that are less taxing on the planet once built.</p>

<p>Even though much of the demand has been driven from Generation X &amp; Y we are also seeing older generations paying more attention of late which will increase the pressure on developers to build bu​ildings that fall in line with not only council expectations but more importantly the expectations of the community and&nbsp;residents.</p>


"Apartment buying represents better growth in many parts of the country as houses become less affordable and overseas borders open up in 2022."

jchancellor-FAypfDUnLy

Apartment living to reinvent itself post COVID: Five minutes with John McGrath

<html><body>
<p>The ASX-listed real estate agency McGrath have announced they have returned to net profitability, with new chief executive Eddie Law citing a relatively strong residential real estate market over the past four months.</p>
<p>"It appears consumers are re-assessing their home needs and aspirations in a post-COVID world," Law, who was speaking at his first AGM having taken the top job in August, said.</p>
<p>"Both transaction volumes and average selling prices across our network have exceed the prior year in each of the first four months of FY21."</p>
<p>McGrath's FY20 saw an underlying EBITDA of $3.7 million, a $10.1 million turnaround from FY19 which has seen them return to net profitability.</p>
<p>"We ended 30 June with a strong balance sheet with zero debt and a $17.3 million cash balance, an increase of $7 million from 30 June 2019," Law added.</p>
<p>McGrath are forecasting underlying EBITDA to be in a range of $6 million to $6.5 million for the first half of FY21.</p>
<p>Law however was cautious amid the optimism of the general improved outlook, saying there is still undercertainty in the first half of 2021.</p>
<p>"With the scheduled end of the JobKeeper and deferred mortgage programs still yet to be determined, along with other macro factors impacting consumer confidence, there is still material uncertainty as to whether the momentum evidenced in the first half of FY21 will be maintained in the second half results."</p>
<p>McGrath shares were up over eight per cent on the positive news to 46c a share.</p>
<div class="_2xMD5"> </div>
<p> </p>
</body></html>

jrobinson-rf4aSBido9

McGrath return to net profitability, reinstate dividend

<html><body>
<p>McGrath Limited today announced the appointment of an additional non-executive director, Shane Smollen.</p>

<p>Mr Smollen’s appointment follows McGrath posting a significant turnaround with Underlying EBITDA of $3.7 million for the year to 30 June 2020, compared with a loss of $6.4 million in the previous year.</p>

<p>A leading property professional since 1983, Mr Smollen owned one of the country’s leading real estate networks before selling it to McGrath in 2015. Mr. Smollen, who currently holds 7.94% of McGrath’s issued capital, has been advising McGrath’s sales management team over recent months with a focus on productivity and revenue growth.</p>

<p>Chair of McGrath, Mr. Peter Lewis, said “Shane brings to the board an excellent real estate track record with expertise in all aspects of the sector, combined with integrity and insights that will accelerate our profit turnaround and restore shareholder value."</p>

<p>Mr Smollen said “I am delighted to join the board of McGrath, a company that I know well. I believe the group is well placed to take advantage of an expected consolidation of the real estate agency sector.</p>

<p>McGrath has performed significantly better than the market during the year, notwithstanding the ongoing impacts of COVID.</p>

<h2><strong>Recently listed properties:</strong></h2>

<p>[smartcode_project:default project_id=24323]</p>

<p>[smartcode_project:default project_id=22699]</p>

<p>[smartcode_project:default project_id=26730]</p>
</body></html>

j.ballantyne1990-6AQqhLzZaK

McGrath appoints Shane Smollen as non-executive director

<html><body><div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
<p><span>McGrath Estate Agents have announced the opening of a new office in Cooma NSW. </span></p>
<p><span>This will be the third new regional office in the past two months, following opening in Albury/Wondonga and Mansfield in Victoria.</span></p>
<p><span>Founder John McGrath believes that affordability provides a huge incentive for regional migration as families reassess their lifestyle options.</span></p>
<p><span>Mr McGrath said, </span><span>“COVID </span><span>has definitely accelerated the ability to work remotely and areas within a two hour radius of large towns and cities I believe will be very much sought after, particularly as a commute has never been easier with new infrastructure that connects the modern worker more readily and easily</span><span>.”</span></p>
<p><span>The Snowy Monaro </span><span>Shire’s </span><span>roots are rich in history dating back to the </span><span>1800’s</span><span>, however </span><span>Cooma’s </span><span>name and reputation has been highlighted as it is at the centre of </span><span>Australia’s </span><span>largest engineering project, the Snowy Mountains Hydro Electricity Scheme. The Shire itself is the main gateway to the Snowy Mountains, Kosciuszko National Park and within close proximity to Canberra and Queanbeyan, and just 1.5 hours to the south coast beaches.</span></p>
<p><span>Christopher Mourd, Head of Franchise Network for McGrath Estate Agents said, </span><span>“</span><span>We see real growth and opportunity in these key regional areas as they have outperformed their capital city counterparts through COVID.</span><span>” </span><span>(source: CoreLogic July 2020)</span></p>
<p><span>He adds, </span><span>“</span><span>The Snowy Mountains of NSW are a key lifestyle market for our ACT and NSW client base, who are increasingly attracted by its relaxed way of life, affordable housing, and sense of community. Cooma is central to this market, serviced by a local airport, excellent infrastructure and connectivity, the Goulburn Bombala Rail line as well as good health and educational facilities.</span></p>
<div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
<p><span>“The </span><span>region traditionally is a mixed grazing area, however it has benefitted greatly from the Snowy Hydro Scheme, and the ski resorts within an hour of Cooma. However, 2020 has seen the full approval of the </span><span>nation’s </span><span>largest renewable energy project, Snowy 2.0 which is expected to create more than 2,000 jobs during the construction peak with thousands of jobs generated indirectly. With its added employment opportunities, we believe it offers excellent opportunity for growth in the next few years as a major regional hub for treechangers and young </span><span>families.” </span><span><br></span></p>
<p><span>McGrath Cooma will service the area from Michelago in the north to Delgate in the south; and Bemboka in the east to Thredbo in the west. Key suburbs will include Cooma, Bredbo, Berridale, Jindabyne and Thredbo.</span></p>
</div>
</div>
<div class="layoutArea">
<div class="column">
<p><span>McGrath Cooma will be led by Principal Shannon Fergusson previously operating his own agency Fergusson Real Estate and Property with his wife, Rachel since 2010. Shannon has been in the industry for more than 20 years, and living in Cooma since 2005. </span></p>
<div class="page" title="Page 2">
<div class="layoutArea">
<div class="column">
<div class="page" title="Page 2">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>The average median house price for Cooma is $320,000 with Shannon Fergusson achieving recent sales results </span>in the last six months including:</p>
<div class="page" title="Page 2">
<div class="layoutArea">
<div class="column">
<div class="page" title="Page 2">
<div class="section">
<div class="layoutArea">
<div class="column">
<ul>
<li>
<p><span>44 Kiah Avenue Cooma </span><span>– </span><span>A street record for a four-bedroom home sold for $615,000</span></p>
</li>
<li>
<p><span>6 Stratos Place Cooma </span><span>– </span><span>A street record for a four-bedroom home sold for $597,000</span></p>
</li>
<li>
<p><span>9 Tulong Avenue Cooma </span><span>– </span><span>A street record for a five-bedroom home sold for $499,000</span></p>
</li>
</ul>
</div>
</div>
</div>
</div>
<p><span> </span></p>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
<p><span> </span></p>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div></body></html>

McGrath pushes further into regional lifestyle areas with a new office in Cooma, NSW

<html><body>
<p>Geoff Lucas has departed the McGrath agency which has seen a 30 percent increase in transaction volumes over the past year.</p>
<p>McGrath Limited advised that its chief executive officer, Geoff Lucas, had "chosen to resign" following the presentation of the FY2020 financial results.</p>
<p>It advised McGrath has secured to a financial 2020 net profit of $700,000, versus a net loss of $9.7 million in the prior year.</p>
<p>For the year revenue climbed 11 per cent to $91 million. No dividends were declared in financial 2020.</p>
<p>Chair Peter Lewis said the board had accepted Lucas’ resignation after "what has been a difficult two and a half years for the company.”</p>
<p>Edward Law has been appointed to the role after a 14-year career at ANZ, with his last position at the bank being Global Head of Institutional Property.</p>
<p>An expert in structured commercial real estate debt funding, Mr Law most recently has been an executive director of Newground Capital Partners and investment director of MaxCap Group.</p>
<p>It was February 2018 when the then fformer McGrath chief operating officer Geoff Lucas emerged to take the top job at real estate company.</p>
<p>He was previously at McGrath for a decade until just after the 2016 float after its former chief executive Cameron Judson left.</p>
<p>Lucas, who was overlooked for the chief executive role in 2016 in favour of Judson, then briefly joined artisan NSW bread maker and cafe group Sonoma as its chief operating officer.<br><br>The agency has no debt and $17.3 million cash. <br>It said it expects property prices to decline over coming months with government stimulus packages, mortgage deferrals, and record low interest rates cushioning the falls.</p>
<p>It also tipped continued softness in the rental market.</p>
<p>The group declined to provide specific financial guidance for financial 2021.</p>
<p>McGrath shares sit at 19 cents.</p>
<p>The agency reported the impacts of COVID became evident at the onset of the pandemic in mid-March where transaction volumes were lower for a six-week period due to restrictions around open houses and on-site auctions.<br>"However, since then we have seen a rebound in sales volumes as these restrictions were eased and eventually lifted," it advised.</p>
<p>"Notwithstanding the impact of COVID, we are pleased to advise that the extensive work we have undertaken over the past year has manifested in our financial results with the company showing a turnaround in excess of $10 million in our underlying operating results and also returning to net profitability.</p>
<p>"Whilst there had been some impact on listing volumes since the onset of COVID, home values have remained quite resilient through this time.</p>
<p>"In our Property Management (PM) business, we have seen some decline in rental values.</p>
<p>"The lower demand due to the weaker labour market has impacted rents."</p>
</body></html>

Geoff Lucas departs McGrath estate agency

<html><body><div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
<p>The real estate group, McGrath Estate Agents, has reaffirmed its commitment to the Illawarra region announcing the opening of a new office in Thirroul.</p>
<p>It is under the auspices of its longtime franchise partner, the McCarthy/Sutherland Shire &amp; Illawarra Group led by Patrick McCarthy.</p>
<div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
<p>John McGrath said McCarthy and his team had established their south coast market presence over eighteen months ago.</p>
<p>"So opening in Thirroul will be a value-add to their community of buyers and sellers alike.</p>
<div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
<p>“Thirroul itself offers low density beachside living that is increasingly appealing to both Sydneysiders wanting an escape as well as those who are attracted to his wonderful lifestyle, amenity, and its proximity to Sydney and the regional cities of Wollongong and Canberra,” Mr McGrath added.</p>
<p>Last December Jeremy Hodder, joined the group and will now be partnering with Vanessa Denison-Pender, former director of One Agency Thirroul, to open the new office.</p>
<p>Vanessa has been in the industry for 17 years and has been a principal in the area for eight years. </p>
<div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
<div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
<div title="Page 1">
<div>
<div>
<div>
<p>Mr Hodder believes that the affordability of the area is particularly attractive and in reach of first home buyers and empty nesters as well as the WFH commuter.</p>
<div title="Page 1">
<div>
<div>
<div>
<p>McGrath Thirroul speciality suburbs include Thirroul, Austinmer, Wombarra, East Corrimal, Coledale, Towradgi, and Bulli.</p>
<div title="Page 2">
<div>
<div>
<p>“The out of area migration from Sydney is becoming increasingly popular," Vanessa said.</p>
<p>Thirroul is only 80kms from the south of Sydney and many more people are becoming comfortable with this commute to put themselves in a better financial position.</p>
<p>“Since the onset of COVID-19, we have experienced a large number of enquiries from Sydney not only for relocation opportunities but also for investment options, this includes weekenders and beach holiday homes”.</p>
<div title="Page 2">
<div>
<div>
<p>With an average median house price for Thirroul is $1,225,000; Vanessa Denison-Pinder has achieved some sales results in the last six months including: </p>
<div title="Page 2">
<div>
<div>
<div>
<ul>
<li>
<p>11 The Grove Austinmer – A street record for a 4 bedroom home sold for $2,925,000</p>
</li>
<li>
<p>21 The Grove Austinmer – A 3 bedroom home sold for $1,600,000</p>
</li>
<li>
<p>28 The Waves Thirroul – A street record for a 5 bedroom home sold for $1,465,000</p>
</li>
<li>
<p>686 Lawrence Hargrave Drive, Coldale – A Beachfront 4 bedroom home sold for $2,410,000</p>
</li>
</ul>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
<p>Recent sales by Jeremy in the last six months include: </p>
<div title="Page 2">
<div>
<div>
<div>
<ul>
<li>
<p>10a Toxteth Avenue, Austinmer – Brand new 3 Bedroom home sold for $2,350,000</p>
</li>
<li>
<p>3 The Breakers, Thirroul – A 4 bedroom home sold for $2,325,000</p>
</li>
<li>
<p>347-349 Lawrence Hargrave Drive, Clifton – Set a new suburb record for Clifton sold for $3,375,000</p>
</li>
</ul>
</div>
</div>
</div>
</div>
<p> </p>
</div>
</div>
</div>
</div>
<p><span> </span></p>
</div>
</div>
</div>
</div>
<p><span> </span></p>
</div>
</div>
</div>
<p><span> </span></p>
</div>
</div>
</div>
<p><span> </span></p>
</div>
</div>
</div>
<p><span> </span></p>
</div>
</div>
</div>
<p><span> </span></p>
</div>
</div>
</div></body></html>

McGrath expands Illawarra footprint with an office in Thirroul

<html><body>
<p>A four-bedroom, five-bathroom house in Hunters Hill sold for $5.6 million through McGrath estate agents Tracey Dixon and Nicholas Cowdrill on July 3, 2020. </p>
<p>The <a href="https://www.realestate.com.au/sold/property-house-nsw-hunters+hill-133731718" target="_blank">39 Barons Crescent property</a> is set in a blue ribbon address and showcases a glamorous façade. </p>
<p>The luxury residence features flexible living and gathering spaces, an entertainers' terrace with barbecue area, a gas heated swimming pool and sauna, a lush landscaped garden, a home theatre room, study, and cellar.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/7/3/21_Hunters%20Hill%202.jpg" alt=""></p>
<p>The Chef's kitchen showcases a marble bar, butler's pantry and cooler room. </p>
<p>The four deluxe bedrooms each have access to a designated bathroom. </p>
<p>The property was last sold for $1.3 million in 2011. </p>
<p>According to Realestate.com.au, 56 other four-bedroom houses in Hunters Hill have recently been sold. A four-bedroom, three-bathroom home on Ryde Road sold for $3.1 million on June 12, 2020. </p>
</body></html>

Luxury Hunters Hill trophy home sold for $5.6 million

<html><body><div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
<p>Leading residential real estate group, McGrath Estate Agents, today announced the opening of a new office in Mansfield Victoria.</p>
<p>McGrath Mansfield will be led Kate McDougall and Allana Neely who were formerly at The Agency Victoria.</p>
<p>McGrath Mansfield will service a large area from Swanpool in the North, to Eildon in the South, Merton in the West to Mount Buller in the East. Key suburbs will include Mansfield, Jamieson, Barjarg, Piries, Merrijig, Tolmie and Ancona.</p>
<p>McGrath moved into Albury/Wodonga earlier this year.</p>
<p>Founder John McGrath has reinforced his view that regional areas in close proximity to large towns and cities will be particularly desirable as people reassess their lifestyle options.</p>
<p>“I believe the ability to work remotely and commute as needed is now a more acceptable part our everyday life and will no doubt impact property choices for many outside the traditional FIFO worker," McGrath said.</p>
<p>"We have long earmarked the growth of regional areas that are attractive for their lifestyle and affordability and anticipate a further migration trend post COVID-19.”</p>
<p>Mansfield Shire, situated in North East Victoria, is in close proximity to Melbourne and other regional centres (Shepparton, Wangaratta and Benalla) and easily accessed – 2.5 hours and 1 hour respectively.</p>
<p>It is equally close to the Albury airport with a two-hour drive that offers accessibility for both the modern commuter or tourist, attracted to its nearby lakes, national parks and ski fields.</p>
<p>Christopher Mourd, head of franchise network for McGrath Estate Agents said the opening was part of the overall strategy to service our clients effectively as they often make a migrational shift around future lifestyle and property choices.</p>
<p> </p>
</div>
</div>
<div class="layoutArea">
<div class="column">
<p><span> </span></p>
</div>
</div>
</div></body></html>

Mcgrath

Editor's Picks

Have something to contribute?

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.

Mcgrath

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.