Developers are set to queue up to grab the opportunity to redevelop the former <a href="https://www.urban.com.au/developments/albion-qld-4010">Albion</a> Flour Mill site in Brisbane's inner-ring.

There are approved plans for 456 studio, one, two, three and four-bedroom apartments above a full-line Woolworths. Woolworths development arm, Fabcot, is selling the 5,586 sqm site at 60-78 Hudson Road, opposite the train station, through Colliers.

The project, dubbed <a href="https://www.urban.com.au/new-apartments/60-hudson-road-albion">The Albion</a>, has been designed by Cottee Parker and comprises two 18-level towers which will share a podium that will home retail spaces and give direct public access to the adjoining train station. There will be a BWS next to the Woolworths, as well as a cafe and several recreational and communal spaces.

<img alt="Albion" data-entity-type="file" data-entity-uuid="4fd6ad52-3389-4740-bf7a-fa2a55deac1e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-02-18%20at%209.32.13%E2%80%AFAM.png?VersionId=1LdgSqb72Zbe_vI1ssy7K.vVuz.1Y862" />

Colliers Queensland Residential Director Troy Linnane said the record population growth being experienced in SEQ is driving exceptional demand into Brisbane’s apartment market making development site opportunities in key inner city locations highly sought after.

“Brisbane is now Australia's second most expensive capital city housing market, with limited new apartment supply despite acceptance of higher prices,” Linnane said.

“We are expecting to see strong interest from local, interstate and offshore developers, with a compelling opportunity for both build to rent and build to sell outcomes, as well as investors and high net worth individuals.

“The development site market in Brisbane has excellent fundamentals which are seen as having the best growth prospects of any city on the eastern seaboard of Australia. The average sale price for&nbsp;inner-city new apartment stock soared to a new peak of $2,083,000 in Q2 2024."

<img alt="Albion" data-entity-type="file" data-entity-uuid="a933b1bd-8e9e-4870-956e-3d0156ad3af1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-02-18%20at%209.32.18%E2%80%AFAM.png?VersionId=TNYTE_I0dAc2BjL6DRokzVAQTaTh.0jI" />

&nbsp;

Colliers Head of Retail Middle Markets James Wilson said the site offered further retail amenity to the growing area, and on completion would offer a new Woolworths supermarket.

“Upon completion, the retail will comprise a full line 4,000m2 Woolworths Supermarket, BWS and a café that will provide much needed amenity to the rapidly evolving Albion precinct,” James Wilson said.

“Colliers recently transacted another Fabcot owned development site at Kangaroo Point for $18.25 million to Mosaic Property Group which has reported strong sales since it launched in late 2024, highlighting demand for these mixed use development sites underpinned by Woolworths supermarkets remain highly sought after.”

Joel Robinson

Woolworths to sell another prime Brisbane development site with apartment approval

TOGA has been a synonymous name in Sydney’s new development industry since its founding in the early 1960s. As one of the city’s most notable builder-developers, the company has left its mark with landmark projects across the Eastern Suburbs and all the way to Macquarie Park. A key philosophy for <a href="https://www.urban.com.au/developers/toga-group">TOGA</a> is fostering a sense of community within its apartment developments.

"We focus on bringing residents together, creating more than just a place to live," says Tony Falas, TOGA's Executive General Manager – Sales &amp; Property Management. “As a developer, TOGA puts a major emphasis on convenience."

"We actively seek opportunities that not only allow us to benefit from surrounding amenities, but also to create new ones that serve both the wider community and our residents, providing them with ultimate doorstep convenience. Our aim is for buyers to proudly say, ‘We live above it’ when referring to the popular restaurants or cafes below."

A prime example of TOGA’s approach is its recently completed Surry Hills mixed-use precinct, <a href="https://www.urban.com.au/buildings/surry-hills-village-redfern-6-14-baptist-street-redfern-nsw-2016">Surry Hills Village</a> (SHV).

[smartcode_project:default project_id=9302 project_image_fid=306319]

The retail and dining precinct, Wunderlich Lane, on the ground level has already become one of the talk-of-the-town spots. TOGA handpicked the hospitality tenants for this destination at the corner of Crown Street, where Surry Hills meets Redfern. Among the standout venues are Regina La Pizzeria by the Lumi Dining Group, Island Radio by House Made Hospitality, and Olympus Dining—owned by the same team behind the renowned Apollo restaurants in Potts Point.

“We took a lot of inspiration from Boheme Bondi when planning SHV,” Falas says. “At Boheme, residents take the lift directly down to Harris Farm and Lulu. I’m sure those living at SHV are already enjoying the vibrant offerings at Wunderlich Lane—some of the best food and hospitality Sydney has to offer, right on their doorstep.”

[smartcode_project:default project_id=9302 project_image_fid=306320]

There are only 122 apartments and townhouses in SHV, and most were snapped up quickly when the project first launched. Only a handful remain, with the penthouse recently selling for $7.375 million—one of the highest sales in the Surry Hills/Redfern area.

While SHV is a rare, once-in-a-decade opportunity—due to its unique size and location—TOGA’s placemaking efforts continue to be evident in its other developments across Sydney. The developer is currently working on The Kensington, located on Anzac Parade, where apartments sit above seven planned hospitality venues and retail stores, directly across from a light rail stop and within walking distance to the growing UNSW and Randwick health precinct.

[smartcode_project:default project_id=110959 project_image_fid=307651]

“The site where The Kensington sits is more suited to a traditional shop-top housing development,” Falas says. “But with seven retail spaces, we’re giving back a lot of space, offering a diverse mix of amenities that residents will love.”

TOGA is selective in choosing retail tenants, often opting to lease spaces to hospitality operators rather than sell them.

"By retaining control of the retail offerings, we can ensure that our buyers have access to high-quality services,” says Falas. "We’re not interested in tacky convenience stores or laundromats; that doesn't elevate the living experience for our residents."

[smartcode_project:default project_id=110959 project_image_fid=307654]

<a href="https://www.urban.com.au/new-apartments/the-kensington-147-151-anzac-parade-kensington">The Kensington</a>, being built by the iCIRT-rated DASCO, will feature 142 one, two, and three-bedroom apartments—particularly popular with those in the medical and academic fields due to its proximity to Randwick's health precinct and UNSW. Investors are also eyeing the apartments, knowing they’ll likely attract quality tenants from these sectors and see strong capital growth in a limited supply area.

Another development currently under construction is <a href="https://www.urban.com.au/new-apartments/macquarie-rise-122-herring-road-macquarie-park">Macquarie Rise</a> in <a href="https://www.urban.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a>, where TOGA has once again pushed boundaries with an activated ground plane that blends nature and landscaping with more doorstep amenities.

“We’re creating a Macquarie Rise Village—a village green at the base of three towers that will combine nature with increased convenience,” Falas explains. “There will be several retail spaces, handpicked by TOGA, as well as a softening of the streetscape on Herring Road with extensive lawns and alfresco spaces.”

[smartcode_project:default project_id=89243 project_image_fid=242695]

With higher density compared to developments like SHV and The Kensington, Macquarie Rise is designed to offer an exclusive community experience. Club Rise will feature a heated pool set amid lush landscaping, a gym with a yoga room, a resident lounge with communal dining areas, a karaoke room, and a bookable private dining room.

TOGA’s community-building approach has expanded to <a href="https://www.urban.com.au/developments/marrickville-nsw-2204">Marrickville</a>, where they’ve recently completed <a href="https://www.urban.com.au/buildings/wicks-place-marrickville-186-victoria-road-marrickville">Wicks Place</a>—a development of 272 apartments above a cafe-centric precinct and a new green park, both of which are key features of the inner west’s culture.

[smartcode_project:default project_id=27691 project_image_fid=308947]

Only a few one and two-bedroom apartments remain in the building, which is located in the Victoria Road Precinct. This area was recently rezoned by the Inner West Council, and several developers are now planning large mixed-use projects that will continue to transform the once industrial zone into a more vibrant community, comparable to the neighbouring Newtown.

A prime example of TOGA’s philosophy of building communities is its recently completed Surry Hills mixed-use precinct, Surry Hills Village



TOGA's vision for building vibrant new community precincts across Sydney

Latent Defects Insurance (LDI) is a game-changer for anyone looking to purchase a brand-new or off-the-plan apartment in Australia. This insurance policy, which can only be taken out by developers or builders (not individual apartment owners), offers a 10-year warranty on new apartments. It covers the cost of fixing any structural defects that may arise in the building.

So far, LDI has seen strong adoption from developers, with companies like Deicorp, DASCO, and Urban Property Group using it to provide their buyers with added peace of mind when purchasing off-the-plan properties.

I recently had the opportunity to sit down with Corey Nugent, CEO of <a href="https://www.urban.com.au/news/resilience-latent-defects-insurance">Resilience Insurance</a>—Australia’s only provider of LDI policies—to discuss the ins and outs of the important coverage.

<h2>How has Latent Defects Insurance (LDI) been received since its introduction in Australia?</h2>

Latent Defects Insurance is a crucial component for the future of Australia’s built environment.

Also known as Decennial Liability Insurance, LDI has been part of the new development landscape in Europe and other regions for over seven decades. In countries like France, Italy, Spain and Finland, it is mandatory for all new buildings—whether residential or commercial—to carry LDI coverage.

Since its <a href="https://www.urban.com.au/expert-insights/buying/the-evolution-of-latent-defects-insurance-worldwide-and-its-nationwide-availability-in-australia">rollout in Australia</a>, LDI has been very well received by developers, lenders providing financing to those developers, and most importantly, by buyers. It has quickly become an essential tool in building trust and ensuring long-term security for all parties involved.

<h2>What happens when the building is completed?</h2>

Once the building is complete, buyers move in, and LDI is applied to their apartment, as well as the entire building structure, for a period of 10 years. This coverage not only offers peace of mind but can also increase the resale value of the property. Importantly, the policy stays with the apartment, not the owner.

So, if an off the plan buyer decides to sell within the first 10 years, the remaining coverage is transferred to the new owner.

<h2>How does LDI benefit developers?</h2>

Developers see several key benefits from Latent Defects Insurance. The most obvious is that it makes their project more attractive compared to others that don’t offer LDI. Many buyers are willing to pay more for the assurance that comes with LDI, and developers often see faster sales as a result. Research, including studies by Urban, shows that over 60 per cent of buyers are willing to pay an additional 1.5 per cent for LDI coverage. This premium often more than covers the cost of the policy for the developer.

Typically, developers pay about 1.5 per cent of the build cost for the policy. However, if they can secure a higher sale price on their apartments due to the added value of LDI, they end up profiting. Another benefit is the added appeal LDI gives to a development, positioning it as a more secure investment for potential buyers.

Finally, LDI provides developers with an <a href="https://www.urban.com.au/expert-insights/latent-defects-insurance-101-what-is-the-technical-inspection-service-tis-program">extra layer of protection through the Technical Inspection Service (TIS)</a>. This third-party oversight ensures quality control throughout the build, which could otherwise cost developers hundreds of thousands of dollars in additional personnel. The TIS helps catch potential issues early, preventing future liabilities.

While the insurance is designed to protect the buyer, it also safeguards the developer. Should any structural, waterproofing, weatherproofing or MEPS (mechanical, electrical or plumbing systems) issues arise, the developer is covered for out-of-pocket costs. Developers understand the importance of completing projects smoothly and moving on to the next one without lingering problems. Given the large number of trades involved in constructing new buildings, LDI offers significant peace of mind.

<h2>How does LDI benefit buyers?</h2>

In Sydney, past incidents like the Mascot and Opal Towers issues have left many buyers wary of off the plan purchases. While these events occurred over six years ago, they still <a href="https://www.urban.com.au/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">impact buyer confidence today</a>. However, the new development market is much stronger now, with stricter checks and regulations in place. Ultimately, Latent Defects Insurance provides protection for all parties.

In rare extreme cases, where residents may need to vacate due to major defects, <a href="https://www.urban.com.au/expert-insights/building/the-advantages-of-first-resort-strict-liability-latent-defects-insurance-for-off-the-plan-property-buyers">LDI offers first-right protection</a>, ensuring buyers are financially covered. Thanks to the continuous inspections carried out by TIS throughout the construction process, such situations are unlikely to occur, but LDI is there as a safety net if they do.

Since its rollout in Australia, LDI has been very well received by developers, lenders providing financing to those developers, and most importantly, by buyers

Latent Defects Insurance 101: How off the plan developers and buyers both benefit from Resilience Insurance LDI

Summary:

<ul>
	<li aria-level="1">The Regent revives Fitzroy’s historic Regent Theatre with modern design</li>
	<li aria-level="1">Studio Tate interiors offer two distinct styles with customisation options</li>
	<li aria-level="1">Prime location near cafes, dining, galleries, and tram connections</li>
	<li aria-level="1">Rooftop, guest suite, workshop, and dog wash to enhance resident living</li>
	<li aria-level="1">&nbsp;</li>
</ul>

<hr />
&nbsp;

Melbourne developer SMA Projects almost doesn't see itself as a developer.

"We feel like we're more of a lifestyle creator," <a href="https://www.urban.com.au/developers/sma-projects">SMA Projects</a> Founder Martin Strode says, adding that they want to create spaces that enhance the way people live, through clever design, architectural features, and prime location of their projects.

When the opportunity to secure the former Regent Theatre site in <a href="https://www.urban.com.au/developments/fitzroy-vic-3065">Fitzroy</a>, it allowed them to tick all three of those boxes.

"While the Regent Theatre is long gone, we had a head start in the design phase because we knew how we wanted the building to look before we even secured the site. We had a bit of a blueprint as to the architectural integrity of the sites former life, and how we could reimagine it into a 21st century apartment building," Strode says.

[smartcode_project:default project_id=24824 project_image_fid=304614]

SMA called on&nbsp;<a href="https://www.urban.com.au/architects/hayball">Hayball</a>, who they have been collaborating with across several architecturally-significant developments over the past two decades, to draw inspiration from the theatre's Art Deco past, incorporating arched ceilings and period-inspired details.&nbsp;

The Art Deco influence is immediately evident, beginning with the streetscape and extending into the lobby. Curved walls, elegant pendant lighting, and custom-designed, 70s-inspired mirrors capture the essence of a bygone era.

[smartcode_project:default project_id=24824 project_image_fid=304762]

It was important the apartment interiors followed the same style, so the brief to<a href="https://www.urban.com.au/interior-designers/studio-tate"> Studio Tate</a> was of a similar narrative.

While also wanting to be flexible and give buyers a level of customisation which SMA believes is incredibly important in off the plan purchasing, Studio Tate put together two distinct designs; the light and refined Classic Collection, influenced by Nordic minimalism, and the dramatic, moody Arthouse Collection, inspired by Fitzroy’s artistic edge.&nbsp;

[smartcode_project:default project_id=24824 project_image_fid=304606]

SMA’s philosophy is that buildings are about more than just the apartments. They make a conscious effort to create spaces where residents can gather, always staying true to their core belief of making life easier for those who live there.

Crowning the nine-level building will be a 315 sqm rooftop which will act as a shared space for residents to gather, eat, drink, and take in uninterrupted views of the Melbourne skyline.

[smartcode_project:default project_id=24824 project_image_fid=304765]

One of the more innovative features designed by SMA is the inclusion of a guest suite, exclusively available for residents to book. This thoughtful addition functions like a private spare bedroom, providing a convenient space for family or friends to stay.&nbsp;

In response to the 2023 Victorian pet census, which revealed that nearly 60% of Victorian adults own pets—particularly dogs—SMA also incorporated a dedicated dog wash facility within the building. Residents will enjoy the added convenience of a concierge service, available to handle everything from managing deliveries to making restaurant reservations and much more.

While SMA will be bringing doorstep convenience in the form of several retail spaces on the ground floor, of which at least one will likely be a cafe, <a href="https://www.urban.com.au/new-apartments/the-regent-fitzroy-340-fitzroy-street-fitzroy-vic-3065">The Regent</a> is strategically located in the cultural heart of Fitzroy.

[smartcode_project:default project_id=24824 project_image_fid=304612]

The Fitzroy Street address places residents just seconds from Johnston Street, one of Melbourne’s most popular areas for cafés, dining, galleries, and nightlife.&nbsp;

Johnston Street also serves as a convenient thoroughfare, connecting west to Abbotsford and east to Carlton. The 96 tram, located just five minutes from The Regent at the intersection of Johnston and Nicholson Streets, provides direct access through the CBD and all the way to St Kilda Beach.

Victoria's new off the plan apartment savings apply to all 64 one, two, and three-bedroom apartments at The Regent, but only for a limited time.

[smartcode_project_cta:default project_id=24824]

SMA makes a conscious effort to create spaces where residents can gather, always staying true to their core belief of making life easier for those who live there.

The Regent Fitzroy: Where architecture and lifestyle combine

When the development team at Scion was offered the opportunity to acquire an apartment project in Lane Cove North that was half-built, they had to be sure they knew what they were getting in for.

It was the first time the developer, which has its own building arm, was taking over a building that had already commenced construction.

[smartcode_project:default project_id=136108 project_image_fid=303412]

Their minds were set at ease instantly when they were told the development had Latent Defects Insurance and had undergone the technical inspection service program by reputable industry experts since commencement. Sebastian Jabbour, Director of Operations at Scion, says it gave the team confidence to take on the project.

“Because we weren’t the developer who had brought on Latent Defects Insurance, we weren’t fully aware of all the benefits that came with LDI,” Jabbour says.

“It was remarkable how thorough the building inspections by the Technical Inspection Service were. It meant we had a third party ratifying the part of the build process we weren’t a part of - which was really the driver in us getting involved in the project.”

Scion is approaching completion of The Sterling, the first development in Lane Cove North with LDI. The 50 one, two and three-bedroom apartments which start from $750,000.

[smartcode_project:default project_id=136108 project_image_fid=303417]

Jabbour says he was also surprised as to how much impact it had on buyers, a sentiment echoed by Mark Bernberg, Ray White Projects Western Sydney Managing Director.

“We’ve got purchases who are literally buying because of LDI,” Bernberg says.

Scion’s experience with Latent Defects Insurance has seen them take it out on their upcoming new development, Chatham West Ryde, which will also be the first new apartment project in West Ryde with LDI.

[smartcode_project_cta:default project_id=136108]

Sebastian Jabbour says he was also surprised as to how much impact it had on buyers, a sentiment echoed by Mark Bernberg, Ray White Projects Western Sydney Managing Director.

Sterling success: How LDI boosted confidence for Scion and its buyers in Lane Cove North

Commercial Property Hub is a user-friendly digital platform that streamlines the process of finding suitable commercial properties in the City of Yarra and the City of Port Phillip.

&lt;iframe width="560" height="315" src="https://www.youtube.com/embed/D43Ldrb12rs" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen&gt;&lt;/iframe&gt;

It offers an extensive database of commercial properties details, including details about zoning, overlays, and demographic information.

With this platform, businesses and individuals can identify properties that align with their specific needs and requirements.

The platform also provides links to council business concierge programs, which offer additional support to businesses to ensure their smooth operations.

Commercial Property Hub is a one-stop solution for businesses and individuals looking for hassle-free access to comprehensive information on commercial properties in the City of Yarra and the City of Port Phillip.

Commercial Property Hub is a user-friendly digital platform that streamlines the process of finding suitable commercial properties in the City of Yarra and the City of Port Phillip. 

Urban Editorial

Commerical Property Lookup Hub | City of Yarra of Port Phillip

The Charter Hall Group has been awarded WELL Certification at the Gold level for its landmark Adelaide office tower GPO Exchange, by the International WELL Building Institute (IWBI).

GPO Exchange &ndash; recognised as one of the most innovative and technologically advanced smart buildings in Australia &ndash; is the first ever project in South Australia to achieve WELL Certification.

This accolade was awarded through IWBI&rsquo;s WELL Building Standard, which is the premier global building standard to focus on enhancing people&rsquo;s health and wellness through&nbsp;buildings.

GPO Exchange was recently awarded a 5.5 Star NABERS Energy rating, 5 Star NABERS Water rating and 5&nbsp;Star NABERS Indoor Environment ratings.

[smartcode_project:default project_id=2407 project_image_fid=77658]

The following initiatives were introduced to lift GPO Exchange&rsquo;s WELL rating from Silver to Gold:

<ul>
	<li>Introduction of a green cleaning protocol focusing on the use of non-toxic cleaning materials to maintain healthy indoor air quality for occupants</li>
	<li>Attention to the design of high touch surfaces to enable them to be deep cleaned regularly to mitigate transmission of bacteria and viruses</li>
	<li>Introduction of specific cleaning equipment and storage of chemicals to enable the highest degree of cleanliness in the building</li>
	<li>Ongoing testing of building water quality</li>
	<li>Introduction of food policies that support the use of healthier eating choices</li>
	<li>Introduction of food policies that require nutritional information to be provided to occupants so that healthy eating choices are more easily made</li>
	<li>End-of-trip facilities enabling cycling to work and running during lunch breaks to support the physical health of occupants</li>
	<li>A report highlighting biophilic design features incorporated into the building to support the health and wellbeing of occupants</li>
</ul>

&ldquo;GPO Exchange is raising the bar for commercial sustainability in South Australia and has set a new benchmark for workplaces in this State. This incredible milestone is recognition of that,&rdquo; said Charter Hall Development Executive Mr George Roussos.

GPO Exchange was recently awarded a 5.5 Star NABERS Energy rating, 5 Star NABERS Water rating and 5 Star NABERS Indoor Environment ratings

jordan_55689

Charter Hall’s GPO Exchange achieves first Gold WELL Certification in South Australia

HIA has announced the appointment of its new national Vice President, Ms Debbie Johnson. Debbie is the second female to be elected to this position.

Debbie is a highly experienced and regarded building designer and builder based in Queensland bringing a strong portfolio of skills to the role having run her business for 35 years and being involved in a diverse range of industry and government boards throughout her career.

Debbie was appointed as the Queensland Regional President in 2013 and to the National Board in 2017.&nbsp;

Debbie was integral in the establishment of HIA&rsquo;s Building Women awards in Queensland which will celebrate their 7th annual event later this year. She supported the expansion of the program nationally and has shared her career journey speaking at many regional Building Women events over the last five years.

[smartcode_project:default project_id=94542 project_image_fid=160734]

Ms Johnson has expressed her desire to carry on the good work of her predecessors and represent the HIA core values.

&ldquo;I am proud to be a HIA member and will always promote the Housing Industry Association at every level,&quot;&nbsp;said Ms Johnson.

&ldquo;I want Australians to have confidence in our industry, in the products and materials we use and the homes we deliver every day for thousands of families. The industry is proud of our knowledge, experience and our skills and the Association will continue to work hard to develop the next generation of building professionals,&rdquo; she concluded.

HIA has announced the appointment of its new national Vice President, Ms Debbie Johnson

HIA appoint new national Vice President

ASIC has cancelled the Australian credit licence (ACL) of Dominique Grubisa&rsquo;s company Master Wealth Control Pty Ltd (Master Wealth Control), effective from May 2021.

ASIC cancelled the ACL on the basis that Master Wealth Control has not engaged in the credit activities authorised by its credit licence.

Since February 2020, the National Consumer Credit Protection Act 2009 allows ASIC to cancel a credit licence if the licensee has not engaged in the credit activities authorised by the credit licence within a specified 6-month period.

[smartcode_project:default project_id=2881 project_image_fid=148737]

Master Wealth Control held an ACL from 29 March 2011 to 3 May 2021 (number 400712). During this time, ASIC found that Master Wealth Control did not engage in any authorised credit activities under its credit licence in the period commencing 18 February 2020.

At ASIC&rsquo;s request, Ms Grubisa has also removed statements on the website claiming she was an &lsquo;ASIC licensed debt specialist&rsquo; and held an &lsquo;ASIC Financial Services Licence&rsquo;.&nbsp;

Neither Ms Grubisa nor her companies currently hold any authorisations or licence to provide financial services, ASIC advised.

ASIC&rsquo;s investigation into Ms Grubisa remains ongoing, it added.

Master Wealth Control may apply to the Administrative Appeals Tribunal (AAT) for a review of ASIC&rsquo;s decision.

Master Wealth Control can apply to the Administrative Appeals Tribunal (AAT) for a review of ASIC’s decision

jchancellor

ASIC cancels Dominique Grubisa’s Master Wealth Control credit licence

<html><body>The property sector was now emerging from the COVID-19 crisis with cautious optimism, according to the latest annual Avdiev Property Industry Remuneration Report.

"Almost without exception, survey participants reported their businesses are doing moderately to very well," Debra Moloney, principal of remuneration consultants Avdiev Report noted.

“2020 was a terrible year that will be forever etched in our minds as the year of COVID-19. 

"It appears that the worst is behind us. 

"Government stimulus packages, which have helped consumer spending, are also helping buoy the property and construction sectors.”

The Avdiev Property Industry Remuneration Report is a formal, Australia-wide survey of property, investment, construction employers and design and construction related consulting companies. 

It was the report’s 35th edition.
The results show property businesses went to great lengths to keep staff on, and teams leaned on each other for support. 

“Cost management strategies early on in COVID-19 ensured we were able to keep the majority of employees.” 

The survey revealed that working from home is here to stay. 

"Lockdowns, cancelled projects, the lack of face-to-face time, uncertainty, job losses, stress, change, pay freezes - and COVID-19 - were given as the main negatives in a difficult year," she noted.

"Not surprisingly, pay increases were minimal in 2020. 

"Nearly half of businesses (43%) imposed a pay freeze in their latest round of remuneration reviews.

"But businesses were more optimistic looking forward to their next remuneration review, with 71% planning on increasing remuneration during 2021."

Around half of the businesses advised they have taken on new staff in the last six months due to new business, however 21% reported headcount was lower than this time last year.

“The property sector, with its ability to adapt, has proven it is able to withstand even the most challenging conditions. 

"The outlook for remuneration is positive and indicates that the sector‘s recovery is well underway,” commented Debra Moloney.
</body></html>

The property sector's remuneration is positive and indicates that the sector‘s recovery is well underway.


Property industry remuneration coming out of 2020 pay freeze: Avdiev

<html><body>
Australian homeowners are skeptical about receiving unbiased advice from a bank when it comes to refinancing a home loan, according to research commissioned Mortgage Choice.

The research reveals two out of five (38%) homeowners are either in the process of refinancing or are considering making the move to a new loan.

However, 53% of homeowners are wary that if they speak to a bank they won’t be advised if they could get a similar or better home loan deal elsewhere. One in two (49%) homeowners feel that banks don’t always have their best interests at heart.

High levels of trust for mortgage brokers 

The survey results confirmed that a significant majority (94%) of Australian homeowners say they trust the loan recommendations made by a mortgage broker.

For half (55%) of the respondents surveyed, the number one benefit of partnering with a mortgage broker during the refinancing process is professional support comparing loan options, rates and features. For 45% of refinancers, a mortgage broker streamlines the process, “saving time and hassle”.

“Faced with what can be an overwhelming choice of home loans, homeowners want to be confident they are making the move to a loan that will improve their financial wellbeing through a lower rate, improved loan features, or both," Susan Mitchell, CEO of Mortgage Choice said.

“While banks can provide information on their own product suite, they do not have an in-depth understanding of competitors’ products. That is why I urge borrowers in the market for a better deal to engage the help of an experienced mortgage broker to learn what other options they have,” she added.
</body></html>

Mortgage Choice found 53% of homeowners are wary that if they speak to a bank they won’t be advised if they could get a similar or better home loan deal elsewhere

urban.com.au

Australians are skeptical about receiving unbiased refinancing advice from banks

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Aussies say taking out a home loan is a process shrouded in mystery for many first home buyers, and 71% would like more help choosing a loan, according to the latest research by mortgage broker Mortgage Choice. An independent survey conducted by CoreData on behalf of Mortgage Choice, found that across all the stages of a buying a home, applying for a loan is the aspect where first home buyers (49%) are most likely to need the support of others.

One in two (57%) first home buyers report being ‘highly’ or ‘reasonably’ confident that they understand the home loan features best suited to their needs, however one in three (32%) have ‘minimal’ confidence. However more than one in ten (11%) have no confidence at all in their ability to distinguish which home loan is right for them. 

The top five challenges first home buyers identified in securing a home loan include:

<ol>
<li>47% Understanding how the whole process works</li>
	<li>46% Making sure they are getting the best deal possible</li>
	<li>45% Making sure they qualify for the loan amount and property they want to buy</li>
	<li>41% Establishing what they can afford to comfortably pay back</li>
	<li>37% Understanding what (if any) government support they qualify for.</li>
</ol>
Unsurprisingly, 71% of first home buyers say they wish they had more support to make decisions around choosing their first home loan. Among these first homeowners, 39% rank ‘someone to help guide me through’ as the top source of support they wish they had, 26% just want someone to help build their knowledge and confidence.

“Home loan interest rates are at historic lows, which is great news for first home buyers. But the research suggests that the biggest challenge many first home buyers face right now, is not financial – rather it’s uncertainty about how the buying process works," Susan Mitchell, CEO of Mortgage Choice, said.

When it comes to seeking support, the survey found one in two (50%) first home buyers rely on family, friends and work colleagues, 46% turn to a mortgage broker, and 36% rely on online information.
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More than one in ten first home buyers have no confidence at all in their ability to distinguish which home loan is right for them. 

71% of first home buyers wish for more support choosing their home loan

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A partnership between AVID Property Group (AVID) and RPS Group (RPS) have created an industry first, putting new masterplanned communities officially on the map.

The goal of new and improved street mapping services is boosting safety, convenience and liveability at communities. Mapping services such as Google have traditionally lacked the resources required to upload residential address data, taking up to five years to put new communities on the map.

RPS identified the roadblock in the delivery of connected communities, offering a service that bypasses the typical process and delivers digitally mapped communities in up to three weeks – a service that was quickly adopted by AVID for its Harmony community on the Sunshine Coast.

RPS Service Line Leader Urban Design Peter Egerton, who has worked on the Harmony by AVID Property Group project since 2007, said he was excited to see the community become the earliest adopter of the new service. 

AVID General Manager Queensland Bruce Harper said the convenience of digital mapping was a luxury that was often taken for granted “Having visitors easily find your house and getting deliveries to your doorstep is a simply luxury new developments often miss out on,” Mr Harper said. 

RPS spent a day in the field to capture data which then took a week to upload and an additional week and a half to for Google to vet the data and upload to their system – totalling a maximum of three weeks. RPS has completed the first round of 1,200 blocks, home to around 3,500 residents and includes the Harmony Café will continue to roll this service out as each stage of the development is completed.

Located in the heart of the Sunshine Coast, Harmony is AVID Property Group’s $3 billion flagship development in South-East Queensland and is the largest masterplanned community underway in the Palmview area.

Set on 378 hectares, Harmony will deliver more than 4,800 homes for 12,000 future residents, catering to a diverse range of buyers – all enhanced by 100 hectares of open space and the future delivery of a new town centre. 

<h2>Other developments by AVID Property Group</h2>

<h2><a href="https://www.urban.com.au/new-apartments/the-rathbone-23-47-flinders-street-surry-hills?ref=srp_listview">The Rathbone</a></h2>

Address: 23-47 Flinders Street, Surry Hills NSW 2010

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/rathbone.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="300" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/rathbone.png?itok=XxbflGfS" width="580"></a></figure>Set for completion in 2022, only 33 one, two and three bedroom single apartments and double storey bespoke terrace apartments will be offered.

Prices range from $1.295 million to $2 million.

The Surry Hills development was designed by Scott Carver and constructed by Deacon Construction
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Mapping services such as Google have traditionally lacked the resources required to upload residential address data, taking up to five years to put new communities on the map. 

AVID Property and RPS partner to put new masterplanned community Harmony, on the map

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The Australian estate agent Ken Jacobs has joined the launch of Forbes Global Properties, a curated consumer marketplace that connects high networth buyers directly to the world’s finest homes.

Forbes, one the world’s most-recognizable business media brand, announced the launch of Forbes Global Properties last week.

Established as an invitation-only consortium of leading real estate firms, the start-up will capitalize on Forbes’ engaged audience of 140 million monthly global visitors to connect, inform, and inspire high-net-worth potential homebuyers and sellers about the finest properties for sale around the world.  

It is entering the arena occupied by Global Mansion, operated within the News Corp group as a marketing platform. 

But spearheaded by Jeff Hyland, co-founder and president of Hilton &amp; Hyland, and Bonnie Stone Sellers, an accomplished real estate industry veteran, Forbes Global Properties is primarily broker owned and led.

Forbes is also invested in the initiative.

Hyland and Sellers have appointed Alex Lange, an industry veteran who most recently served as the CEO of UpstreamRE, as its chief executive.

Jacobs is on the board of directors, though his recently established entity Private Property Global. He retains the Christie's International Australian affiliation through his Prestige Homes of Australia office in Double Bay.

“Unlike other branded real estate groups, Forbes Global Properties is not merely a listing tool for agents — it offers direct and measurable access to potential high-net-worth buyers through Forbes’ worldwide media penetration,” Hyland suggests.

Membership in the network is reserved for 100 elite brokerage firms with homes being presented to potential buyers across Forbes and Forbes Global Properties print, digital, and social media channels.

The current membership spans more than 75 locations across the U.S., Asia and Europe with the network accepting new member brokerages in the coming months "after a rigorous vetting process." 

Founding member brokerages are established leaders in their local luxury property markets and have offices in more than 75 locations across the U.S., Asia and Europe. The network will begin accepting new member brokerages in the coming months after a rigorous vetting process.

The Forbes Global Properties brand also has another Australian connection — the founders tapped Tracey Atkins of Australian-run firm Goldeneye Media to make the launch film, available here. 

Reserved for luxury properties, forbesglobalproperties.com currently showcases thousands of high value homes available for sale around the world, including homes priced above USD$160 million.

More than 200 homes are priced above USD$10 million, but none yet from Australia.
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Forbes, one the world’s most-recognizable business media brand, announced the launch of Forbes Global Properties last week

Ken Jacobs joins Forbes Global Properties network

<html><body>Consumers across Australia are seeing faster download speeds, as retail service providers now deliver on average more than 94 per cent of plan speed in the busy evening with some monitored services regularly achieving higher speeds than expected by consumers, according to a new ACCC report.

The eleventh Measuring Broadband Australia (MBA) report, published today, shows that in October retail service providers (RSPs) achieved between 84.8 and 98.5 per cent of maximum plan speed across all plans across busy hours (7-11pm).

More than half of monitored NBN services achieved download speeds exceeding the maximum speeds specified in the retail plan description when averaged across all hours of the day.

“Speeds in the October test period were the highest we have seen for all monitored RSPs since the start of the MBA program,” ACCC chair Rod Sims said.

Fibre to the node (FTTN) connections, however, are still performing considerably lower than other connection technologies. The results show that consumers on FTTN connections who are paying for high speed 50 Mbps and 100 Mbps plans received around 10 and 20 per cent lower speeds than the maximum plan speed respectively, at any given time.

Towards the beginning of the pandemic there were grave concerns, given the growing working from home sector and binge-watching by the recently unemployed apartment dwellers, that many companies would not meet the mark on their plan projections.</body></html>

An ACCC report released today revealed broadband speeds have reached record highs during pandemic.

Commerical Property Lookup Hub | City of Yarra of Port Phillip

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