The Gold Coast economy has grown by 25 per cent since 2020/21 to surpass $55 billion, but perhaps the more significant story is what sits behind the headline number.

For decades, the Gold Coast has been viewed through the lens of tourism, lifestyle and population growth. The latest State of the City Report suggests that perception is increasingly out of step with reality.

Released by Invest Gold Coast, the report ranks the Gold Coast as Australia's largest non-capital city economy and, perhaps more notably, second nationally behind Sydney for Economic Complexity, a measure that assesses the diversity and sophistication of an economy.

It's a result that places the Gold Coast ahead of Melbourne, Brisbane, Perth and Adelaide, highlighting the extent to which the city's economic base has broadened beyond its traditional industries.

Today, the Gold Coast supports more than 350,000 jobs, is home to over 83,000 businesses and generates $19 billion in annual exports. Manufacturing now accounts for 62 per cent of international export growth, while sectors including health, education, advanced manufacturing, technology and professional services are becoming increasingly important contributors to the local economy.

[smartcode_project:default project_id=150017 project_image_fid=372547]

Gold Coast Mayor Tom Tate said the report confirmed the city's evolution into one of Australia's most significant economies.

"The Gold Coast economy continues to grow at an incredible pace. This is no surprise to those of us who have watched the evolution up close," Mayor Tate said.

"As one of the most entrepreneurial, investment driven and opportunity focused economies in the country our ambition has been realised and possibilities are endless.

"The Gold Coast has built a reputation as the city that says yes. We say yes to investment, yes to opportunity and yes to people who want to build something.

"It's this mindset helping us drive major growth across health, advanced manufacturing, screen production, marine, technology and the knowledge economy."

[smartcode_project:default project_id=149670 project_image_fid=360975]

While population growth has been one of the defining stories of the past decade, the report points to a broader economic transformation taking place.

The city's knowledge economy now contributes $7.9 billion annually and supports around 31,000 jobs, while the health and wellbeing sector contributes $5.2 billion and employs more than 42,000 people. Together, the six priority sectors identified in the report account for almost $24 billion in economic output and more than 145,000 jobs.

One of the strongest examples is the Gold Coast Health and Knowledge Precinct at Southport. The 200-hectare precinct now contains more than $5 billion worth of health, education, research and innovation infrastructure and supports over 16,000 jobs.

The report also highlights the growing role of advanced manufacturing, particularly in aerospace, defence and modular construction.

Gold Coast-based Gilmour Space Technologies recently became the first Australian commercial company to attempt an orbital launch, while companies including Modscape and ModnPods are helping establish the Yatala-Stapylton corridor as one of Australia's fastest-growing advanced manufacturing hubs.

The city's entrepreneurial culture is also translating into business growth.

Since 2019/20, the number of businesses operating on the Gold Coast has increased by 22 per cent, while firms employing more than 200 people have grown by 80 per cent. The report suggests the next challenge is converting more local start-ups and medium-sized businesses into nationally significant companies.

Development activity remains another key indicator of confidence.

There are currently more than $23 billion worth of major projects underway across the Gold Coast, supported by a record 75 active cranes, a figure that now exceeds Brisbane and represents a 150 per cent increase since 2016.

[smartcode_project:default project_id=112024 project_image_fid=343235]

Importantly, the report notes the next phase of investment will need to extend beyond residential development.

While 93 per cent of crane activity is currently tied to housing, Invest Gold Coast argues future investment will increasingly need to focus on cultural, civic, infrastructure and industry-enabling projects that strengthen the city's long-term economic resilience.

Invest Gold Coast Chair Will Hodgman said the city was now benefiting from years of economic diversification.

"What is happening on the Gold Coast is the result of the city's economic base broadening, fuelled by industries with long-term, high-growth potential," Mr Hodgman said.

"This is no longer a secondary Australian economy, the Gold Coast is becoming a globally connected city with deeper capability across health, knowledge and creative industries, advanced manufacturing, technology and exports."

[smartcode_project:default project_id=108274 project_image_fid=365786]

Looking ahead, the Gold Coast's population is projected to exceed one million residents by 2046.

For a city that was once largely defined by tourism and lifestyle, the latest figures suggest the Gold Coast is becoming something more significant, one of Australia's most diverse and economically sophisticated urban economies, and increasingly one that national and international investors can no longer afford to overlook.

Joel Robinson

75 cranes, $23 billion pipeline and a $55 billion economy: Inside the Gold Coast economic boom

Ron Bakir's Homecorp has sold more than 75 per cent of the apartments in its wellness-driven Florence Residences in Surfers Paradise following its first weekend release.

The <a href="https://www.apartments.com.au/new-apartments/florence-residences-24-monte-carlo-avenue-surfers-paradise-qld-4217">26-storey project on Monte Carlo Avenue</a>, which commenced construction earlier this year, has seen a flurry of buyers secure their slice of the Gold Coast's latest wellbeing-focused offering in one of the nation's most competitive property markets.

Since the pandemic, the Gold Coast's population has grown by more than 11 per cent, a rate approximately four times faster than Sydney's, driven largely by lifestyle changes and interstate migration. While buyer activity has moderated in some markets nationally, demand for newly built dwellings on the Gold Coast continues to gain momentum as purchasers increasingly prioritise lifestyle, amenity, wellbeing, liveability and long-term investment potential.

&nbsp;

[smartcode_project:default project_id=150414 project_image_fid=372743]

Homecorp CEO Ron Bakir says buyers today are looking for more than just a home.

"What we are seeing is a shift in how people define value in property," Bakir says.

"What attracts residents to new developments is a desire for more than just a residence. They are looking for a place that complements their lifestyle, supports their wellbeing and reflects the way they want to live into the future.

"Lifestyle, longevity, proactive health, wellbeing, connection and a sense of community are increasingly shaping purchasing decisions, particularly on the Gold Coast, where these factors continue to be a major drawcard."

[smartcode_project:default project_id=150414 project_image_fid=372744]

Bakir says Homecorp is responding to this shift through an approach that places greater emphasis on design, amenity and experience working together to create places that feel considered, connected and enduring in value.

Inspired by Eastern European design, Florence Residences will comprise 120 apartments alongside a private residents-only wellness club featuring a resort-style rooftop pool, hot and cold plunge pools, a spa retreat, contemporary gymnasium, and a spacious yoga and Pilates studio.

The development will also feature a residents-only lounge with private dining facilities and a rooftop bar, premium outdoor entertaining areas, a hotel-style lobby lounge, generous bike parking, and pet-friendly amenities including a heated dog wash.

[smartcode_project:default project_id=150414 project_image_fid=372742]

A limited number of apartments remain available, with an exclusive collection of four-bedroom sub-penthouses set to be released in the coming months.

Florence is one of the latest additions to Homecorp's expanding multi-billion-dollar property portfolio, which also includes plans for a <a href="https://www.apartments.com.au/news/qld/homecorp-lodges-plans-for-260-million-moroccan-bathhouse-inspired-tower-in-budds-beach">$260 million development in Budds Beach</a> tailored to the growing wellness market.

A development application has been lodged for a 27-storey, 156-residence tower at 8–10 Acacia Avenue and 25–27 Oak Avenue, featuring a residents-only Moroccan spa-inspired sanctuary.

Apartments at Florence Residences are priced from $1,249,000, with construction expected to be completed by late 2027.

[smartcode_project_cta:default project_id=150414]

Buyers rush to Homecorp's Florence Residences as Gold Coast wellness trend gains momentum

The NSW Government has expanded its $1 billion Pre-sale Finance Guarantee program, broadening access for affordable housing providers and smaller residential developments as it seeks to accelerate housing delivery across the state.

The Minns Government says the program has already helped bring forward more than 600 homes across Sydney and regional NSW since launching in September 2025, with similar models now adopted in South Australia and Western Australia.

The latest changes, announced by Treasurer Daniel Mookhey and Minister for Planning and Public Spaces Paul Scully, are designed to improve access to finance for projects that have planning approval but are struggling to secure funding.

Among the key changes is an expansion of support for community housing providers. The program will now support up to 100 per cent affordable housing projects valued at up to $30 million when delivered by not-for-profit providers, while support for larger affordable housing developments will increase for projects worth up to $80 million.

The government says the changes will help accelerate the delivery of housing for low-income workers, older people, people living with disability, and those at risk of homelessness, while reducing reliance on direct grants or subsidised loans to bridge funding gaps.

The eligibility criteria for smaller residential developments have also been broadened. The previous $5 million minimum project value threshold has been removed and replaced with a requirement that projects deliver at least four homes.

Support has also increased for projects delivering fewer than 20 homes, with the guarantee now able to cover up to 75 per cent of dwellings in a development, capped at $30 million per project.

The changes are expected to particularly benefit smaller-scale and regional developments, which often face greater challenges meeting pre-sale requirements imposed by lenders.

Treasurer Daniel Mookhey said the scheme demonstrates how government can use its balance sheet to stimulate housing supply without relying solely on taxpayer-funded grants.

"The Pre-sale Finance Guarantee shows how this Government is using its balance sheet to reduce risk and unlock private investment, enabling new homes to move from design to construction faster," Mookhey said.

"This landmark reform allows us to deliver homes for working families at a lower cost to taxpayers, while also maintaining strong financial discipline."

Planning Minister Paul Scully said the program had already proven effective in bringing stalled projects to market.

"The Pre-sale Finance Guarantee has already proven it can unlock stalled projects and accelerate housing delivery by giving lenders the confidence they need to back good developments," Scully said.

"These changes will allow more affordable housing and smaller developments to access support so more homes can be built faster where communities need them most."

Housing Minister Rose Jackson said the expansion would help community housing providers overcome financing barriers that often delay projects.

"We know community housing providers are ready to build more homes, too often they're held back by barriers to finance," Jackson said.

"Expanding the Pre-sale Finance Guarantee helps remove those barriers so more affordable homes can get off the ground sooner."

The announcement was welcomed by the Property Council of Australia, which has long advocated for measures aimed at improving project feasibility and access to finance.

Property Council NSW Executive Director Katie Stevenson described the expansion as a practical intervention that addresses one of the most immediate constraints on housing delivery.

"This is exactly the kind of practical intervention we need right now, focused on getting projects out of the ground, not just approved," Stevenson said.

"It builds on a model the Property Council has worked closely with government to develop following calls for such a scheme ahead of last year's NSW Budget, so it's great to see it being expanded."

Stevenson said the reforms would help unlock projects that are ready to proceed but have been delayed by financing challenges. However, she noted that broader feasibility issues remain a significant barrier to increasing housing supply.

"The biggest challenge in NSW housing today is delivery. Too many projects have planning approval but are simply not financially viable to proceed under current settings," she said.

Speaking at the Property Council's NSW Housing Summit, Housing Minister Rose Jackson acknowledged that feasibility and financing pressures continue to constrain housing delivery, while reaffirming the government's commitment to work with industry on solutions.

Stevenson said the government's recognition of those challenges was encouraging ahead of next week's state budget.

"It's positive to see the government clearly recognising that feasibility pressures are now a binding constraint on supply," she said.

"With the Budget just days away, the focus must be on backing delivery, making sure projects stack up, finance can flow, and more homes can move from approval to construction."

The expanded Pre-sale Finance Guarantee forms part of the NSW Government's broader housing agenda, which also includes planning reforms, the NSW Housing Pattern Book, and a series of rezonings intended to increase housing capacity across the state.

NSW expands Pre-sale Finance Guarantee to unlock more affordable and regional housing

Design-led developer-builder Lowe Living has unveiled its latest residential development, Jardin House, marking its first foray into Melbourne's blue-chip City of Boroondara.

Located a short walk from Camberwell Junction, <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House</a> has been designed to appeal to affluent local downsizers and established families seeking a low-maintenance alternative to the large homes that have long defined Camberwell and surrounding suburbs.

The project will comprise a collection of two and three-bedroom apartments ranging from 92 sqm to 280 sqm, alongside a limited number of penthouse residences featuring rooftop terraces spanning more than 100 sqm, with optional private pools.

&nbsp;

[smartcode_project:default project_id=146717 project_image_fid=372212]

Lowe Living Co-Founder and Managing Director Tim Lowe said Camberwell represented a natural next step for the developer as it expands into some of Melbourne's most tightly held residential markets.

"Jardin House is an important project for our team as it marks the next evolution of our portfolio into different well-established blue-chip pockets of Melbourne," Lowe said.

"Camberwell, with its incredible walkability, family-led neighbourhood feel and superb access to education and transport, makes it a natural choice for us."

[smartcode_project:default project_id=146717 project_image_fid=372227]

Designed by Tristan Wong Architects, with interiors by Hecker Guthrie and landscaping by Acre, the development takes inspiration from the Art Deco architecture that remains a defining feature of many of Camberwell's established streets.

A curved facade, arched openings, textured brickwork and sculpted forms reference the suburb's architectural heritage, while extensive landscaping softens the building's presence and creates a strong connection to the surrounding tree-lined streetscape.

The project will be set behind a secure gated entrance, with residents arriving through landscaped gardens designed to create a transition between the public realm and private residences.

Inside, the residences feature natural stone and timber finishes, full-height glazing, Miele appliances and generous open-plan living areas designed for long-term owner occupation.

[smartcode_project:default project_id=146717 project_image_fid=372225]

While the apartments themselves have been designed to attract discerning owner-occupiers, it is the amenity offering that sets Jardin House apart from many other boutique projects currently launching across Melbourne.

The centrepiece is a 350 sqm private bathhouse curated in partnership with Aurora Spa &amp; Bathhouse founder Lyndall Mitchell.

The wellness precinct includes mineral pools, hydrotherapy experiences, a Himalayan salt room, sauna, steam room, cold plunge pools and dedicated relaxation spaces, creating what Lowe Living describes as a private wellness retreat exclusively for residents.

[smartcode_project:default project_id=146717 project_image_fid=372222]

The collaboration follows Lowe Living's recent partnership with Aurora at Maison Savoy in Brighton, although Jardin House is the first project to incorporate both indoor and outdoor wellness experiences.

Emma Lowe, Co-Founder and Managing Director of Lowe Living, said wellness was becoming an increasingly important consideration for apartment buyers.

"Collaborating with Lyndall Mitchell from Aurora Spa &amp; Bathhouse for a second time is an intentional nod to creating residences that are more than just homes, but a way to enrich the lives of our residents through wellness and longevity," Lowe said.

The amenity offering is complemented by a Technogym fitness studio, residents' lounge, private dining spaces and concierge services.

The launch comes as developers increasingly target Melbourne's established eastern suburbs, where rising land values, ageing housing stock and growing downsizer demand are creating opportunities for boutique apartment projects.

Lowe said the company expects significant generational wealth transfer across suburbs such as Camberwell in coming years, creating further demand for luxury apartment living.

"Camberwell is a blue-chip suburb where homes regularly transact for multiple millions of dollars," he said.

"The generational change of wealth in these locations expected in the coming years is significant, so we see an opportunity to create exclusive residences that appeal to older families and downsizers in order to meet this demand."

Apartments at Jardin house start from $1,195,000. The project forms part of Lowe Living's near-$1 billion portfolio of new developments across Melbourne.

[smartcode_project_cta:default project_id=146717]

Lowe Living launches Jardin House in Camberwell

As <a href="https://www.apartments.com.au/developments/north-sydney-nsw-2060">North Sydney</a> continues its transition from a commercial centre into a more layered residential and lifestyle precinct, a new generation of apartment developments is reshaping expectations around scale, amenity, and long-term liveability.

Improved transport connections through the Victoria Cross Metro, continued investment in dining and public spaces, and a constrained supply of new luxury apartments have sharpened demand for homes that combine proximity to the CBD with the privacy and outlook traditionally associated with harbourside houses.

At 177 Walker Street, <a href="https://www.apartments.com.au/developers/aland">ALAND</a>’s new apartment development <a href="https://www.apartments.com.au/new-apartments/the-walden-north-sydney-177-walker-street-north-sydney-nsw-2060">The Walden</a> enters the market with a distinctly residential approach to high-rise living. The 30-level tower will deliver 161 residences, ranging from one-bedroom apartments through to sub-penthouses and a full-floor penthouse, all oriented to capture uninterrupted views across Sydney Harbour, the Opera House, and out toward the Pacific Ocean.

[smartcode_project:default project_id=134323 project_image_fid=6395]

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, the project takes advantage of the site’s natural topography and elevated position above the harbour. Rather than relying on density alone, the architecture focuses on outlook, orientation, and spatial flow, with every apartment occupying a corner position to maximise natural light and cross ventilation.

Rothelowman says the site itself shaped much of the architectural response.

“The site has a long history in terms of its inevitable transformation and when we came in, we took inspiration from the idea of reestablishing a sense of the site’s natural terrain and fall. Our scheme aims to integrate with the terrain and the landscape, using the undulating site to slowly reveal glimpses and views of the harbour. The rotation of the tower off grid means every apartment has a view and is naturally cross ventilated. The building's colour palette is quintessentially Sydney, with bronze and sandstone and a luminescent green colour in the glass, making it very earthy and grounded in its location.”

[smartcode_project:default project_id=134323 project_image_fid=6399]

Inside the residences, the emphasis moves toward larger-format living typically associated with standalone homes. Kitchens sit at the centre of the apartments, connecting directly to open-plan dining and living areas before extending outward into expansive winter gardens and balconies. Calacatta marble, bespoke joinery, integrated appliances, and custom metal detailing are used throughout, while three distinct interior palettes, Terrace, Opera, and Harbour, allow buyers to personalise the spaces without compromising the architectural consistency of the project.

The larger residences place particular attention on separation between entertaining and private zones. In many apartments, master suites occupy the outer corners of the floorplates, allowing bedrooms to benefit from floor-to-ceiling glazing and harbour outlooks independent of the living spaces. Dressing rooms and ensuites continue the material palette through fluted detailing, freestanding baths, and layered stone finishes.

Rothelowman says the design intent centred on creating homes that feel enduring rather than transient.

“Our philosophy is all about the way people live in these spaces, and we wanted to create homes that reflect the quality of life in this unique Sydney location. The apartments showcase expansive living spaces that are generous, sophisticated, and bold, with the ability to connect with views throughout each apartment.”

[smartcode_project:default project_id=134323 project_image_fid=353235]

A separate four-storey amenity building known as The Pavilion expands the residential offering beyond the apartments themselves. Positioned alongside the tower, the building consolidates wellness, recreation, and social spaces into a dedicated resident retreat. Facilities include a 20-metre rooftop pool and sundeck, sauna, spa, ice bath, wellness studio, gymnasium, concierge service, wine cellar, residents’ lounge, private dining spaces, and dedicated co-working areas with meeting rooms and boardroom facilities.

The amenity mix reflects the buyer profile emerging in North Sydney, where owner-occupiers and downsizers are increasingly prioritising convenience, apartment scale, and long-term usability over purely investment-driven decisions.

The Walden also represents a significant milestone for ALAND, marking the company’s first major move into Sydney’s inner-city luxury apartment market after more than two decades delivering large-scale residential communities across Greater Sydney. Founder Andrew Hrsto says the Walker Street site stood apart because of both its positioning and its rarity.

[smartcode_project:default project_id=134323 project_image_fid=6390]

“As a company, we had been searching for a site in one of Sydney’s blue-chip locations, spanning the Eastern Suburbs, the Sydney CBD and the North Shore, and when we had the opportunity to purchase this site, we immediately recognised that it could be something iconic.”

At launch, The Walden recorded more than $103 million in sales, with buyers drawn to the project’s harbour positioning, apartment scale, and proximity to the Metro, which now connects North Sydney to Barangaroo in three minutes and Martin Place in five.

ALAND has commenced construction, and is expecting a completion date in 2028.

[smartcode_project_cta:default project_id=134323]

The Walden pairs house-scale living with North Sydney connectivity

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

Off-the-plan property explained: What is stamp duty?

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

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Adelaide remains the most affordable capital cities despite increasing median prices, according to Herron Todd White’s latest July report.
The property data firm says that properties are still available under $500,000.
“Whilst Adelaide remains the most affordable mainland capital city in Australia, the current median price of $432,000 (current as at 31 May 2017 according to Corelogic Hedonic Home Value Index) has increased from a median price of $410,400 (as at 30 April 2016).
“Although there are still countless properties available around $500,000, there is an increasing scarcity of detached dwellings in this price range within proximity of the CBD,” the report stated.
The market for older units and townhouses remains flat Herron Todd White advises.
“The market for older units and townhouses regardless of location remains relatively flat.
“We have focused on detached housing for investors.
“It is reasonable to expect detached housing at $500,000 or below within 20 kilometres of the city but as noted, the closer one moves towards the city, the more the quality and size of detached housing decreases at this price level.
“Demand for older units and townhouses in locations further from the city may begin to increase should prices for detached housing continue to increase,” the report advised.
New apartments in Adelaide’s CBD are attracting investors, Herron Todd White reports.
“There is an increasing supply of new apartments in the Adelaide CBD which are tending to attract investors.
“It is viewed as a more attractive option than older style inner city units and townhouses due to stamp duty rebates and potential tax reduction strategies.
“The market for properties in proximity of the CBD at this price level continues to be extremely buoyant,” the report commented.
Areas with increased in-fill development are finding driving demand from investors and developers Herron Todd White warns.
“In areas with increased in-fill development, investors and developers have been driving demand and competing with first home buyers attempting entry into the market.
“In an area such as Flinders Park situated six kilometres west of the CBD, buyers seeking properties for $500,000 a couple of years ago have now been priced out of the market as the market has improved in that area within a short period of time.
“The suburb is situated adjacent to the linear park and in between the city and the sea and has become an increasingly popular suburb as a result.
“Popular areas that offer properties around $500,000 include suburbs such as Pasadena, Hope Valley and Croydon Park.
“Pasadena is situated to the south of the Adelaide CBD and is well serviced by the popular Pasadena Foodland and shopping centre.
“Whilst sections of the suburb are undergoing some in-fill development, this suburb offers older style dwellings reasonably close to the city at an affordable price level.
“Hope Valley is situated further from the city, approximately 13 kilometres to the north-east.
“This suburb is well serviced by a number of shopping centres including Tea Tree Plaza and is also situated in proximity to the Tea Tree Plaza interchange which provides easy access to the Adelaide CBD via the O-Bahn busway.
“Croydon Park is situated to the north-west of the city adjacent to the popular suburbs of Croydon and West Croydon.
“It provides a more affordable alternative to these areas and is also adjacent the Torrens to Torrens roadway which is currently under construction.
“This will further improve access to the north and south of the city,” the report warned.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-sa-pasadena-124652922" target="_blank">76 Auricchio Avenue</a>, Pasadena (above) has been listed for between $595,000 to $650,000.
Similarly a two bedroom apartment at <a href="https://www.realestate.com.au/property-apartment-nsw-croydon+park-125793478" target="_blank">5/164 Croydon Avenue</a>, Croydon Park (below) has been listed for sale.
<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/2017/07/11/5_164%20Croydon%20Avenue.jpg" alt="">
Interest within the $500,000 to $800,000 are continuing Herron Todd White states.
“Real estate agents continue to report high levels of interest in the $500,000 to $800,000 price range within proximity of the city.
“Given decreasing supply of properties at this price level, demand will continue to be strong.
“Depending on location and general property features which tend to vary greatly, an expected rental yield for properties at this price level would be around 4% to 5%,” the report stated.
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j.ballantyne1990-6AQqhLzZaK

Adelaide remains the most affordable despite increasing prices: HTW

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Many Tasmanian properties are available around the $500,000 range, according to Herron Todd White’s latest July report.
The property investment firm says that however this is more concentrated in the northern parts of Tasmania.
“Properties for sale with asking prices of around $500,000 in the greater Hobart region are less concentrated in particular suburbs relative to Northern Tasmania.
“Being a capital city with a significantly larger population, capital entry requirements tend to be higher, suburbs are spread over a larger geographic area and contain greater diversity of property types.
“Sandy Bay, Kingston and Lindisfarne are Hobart suburbs where the greatest number of sales have occurred within the half a million dollar price point.
“Sandy Bay has an air of exclusivity and is popular due to its position immediately south of the city with the Derwent River its southern border.
“Contained within the suburb are the University of Tasmania campus, casino, local shops and recreational facilities.
“Due to Sandy Bay’s exclusivity and nearness to the city, units are the predominant type of residential property that can be purchased within this price range although some smaller homes are still within reach.
“To purchase a house in Sandy Bay you would need capital reserves in excess of half a million dollars as approximately 20% of the suburb’s recent sales were in excess of $1 million with a top sale of $6.5 million.
“An example of what you could expect to purchase in Sandy Bay with a $500,000 budget is a 3-bedroom, 1-bathroom, circa 1990s, partially updated, 130 square metre villa with single lock up garage on the suburb’s periphery,” the report stated.
A two bedroom townhouse at <a href="https://www.realestate.com.au/property-townhouse-tas-sandy+bay-125863146" target="_blank">6/4 Quayle Street</a>, Sandy Bay (above) has been listed for over $530,000.
Built in 1987 the property was last sold in 2014 for $395,000, in 2008 for $320,000 and in 2002 for $185,000.
Kingston is Tasmania’s fastest growing region according to Herron Todd White.
“Kingston is reported to be Tasmania’s fastest growing region and is a 25 minute commute to the city via the southern outlet.
“It is a self-contained satellite centre with major and local shopping centres, public and private schools and recreational facilities.
“Recent sales in Kingston indicate that purchasers with $500,000 to spend could expect to buy an older style home with a living area ranging from 120 to 160 square metres.
“If you can push the budget closer to $600,000 you could purchase a modern, 200 square metre home on a 900 square metre block,” the report commented.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-tas-kingston-125813898" target="_blank">13 Greenhill Drive</a>, Kingston (below) has been listed for between $580,000 to $630,000.
Built in 2004 the block of land was last sold in 2003 for $55,500.
<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/2017/07/13/13%20Greenhill%20Drive.jpg" alt="">
Herron Todd White advises that Lindisfarne properties with water views are available for half a million dollars.
“Meanwhile in Lindisfarne on Hobart’s eastern shore you could purchase a modern, 3-bedroom, 2-bathroom house, with double lock up garage and water views on a smaller, 460 square metre block.
“If you prefer privacy a slightly higher spend could secure you 1.5 hectares with an older style, renovated, 3-bedroom and 1-bathroom house.
“Lindisfarne residents have a 15 minute commute to the city via the Tasman Bridge,” the report advised.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-tas-lindisfarne-125877038" target="_blank">11 Corinna Road</a>, Lindisfarne (below) with views has been listed for over $550,000.
Built in 1952 the property was last sold in 1995 for $96,000 and in 1988 for $82,000.
<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/2017/07/13/11%20Corrina%20Road.jpg" alt="">
North, central and inner city properties historically have the best value Herron Todd White comments.
“$500,000 in the north of Tasmania can buy you a significant residential property relative to other states in Australia.
“Historically in the north, centrally located or inner city property has best held its value.
“Recent sales data show that the greatest numbers of sales within the $500,000 price range have occurred in the suburbs of Grindelwald, Trevallyn, Newstead and Launceston,” the report commented.
Grindelwald attracts purchasers who prefer large homes Herron Todd White states.
“Grindelwald is a commuter suburb (approximately a 25 minute drive from downtown Launceston) developed around the theme of a Swiss village in the 1980s.
“Grindelwald is attractive to purchasers who prefer larger homes on larger parcels of land in a rural residential setting.
“Homes that have recently sold in Grindelwald range in size from 200 to 260 square metres of living area on parcels of land ranging between 800 and 2,600 square metres.
“The majority of these homes were built in the 1980s to 1990s and have achieved sale prices between $480,000 and $528,000,” the report stated.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-tas-grindelwald-125909634">39 Atkinsons Road</a>, Grindelwald (below) has been listed for $545,000.
Built in 1992 it was last sold in 2016 for $445,000 and in 2005 for $395,000.
<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/2017/07/13/39%20Atkinsons%20Road.jpg" alt="">
Purchasers in Trevallyn are likely to have a property with a view Herron Todd White says.
“If you live in Trevallyn, it’s likely you prefer to have a view as Trevallyn sits on a hillside overlooking the Tamar River and borders the northern side of Cataract Gorge.
“Along with spectacular views come steeper blocks.
“Some properties while having larger block sizes have decreased functionality due to the block gradient and vehicular access may be more difficult.
“For around half a million dollars in Trevallyn, recent sales indicate that you could purchase an older style home (built from the 1970s to early 2000s), offering from 170 up to 300 square metres of living area on blocks ranging from 800 to 2,000 square metres.
“Sale prices for such homes have ranged from $403,000 to $510,000,” the report commented.
A five bedroom house at <a href="https://www.realestate.com.au/sold/property-house-tas-trevallyn-124346546">1 Gourlay Court</a>, Trevallyn (below) was sold in January 2017 for $530,000.
Built in 2004 it was last sold in 2012 for $485,000 and in 2002 for $42,000.
<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/2017/07/13/1%20Gourlay%20Court.jpg" alt="">
Newstead is popular due to its proximity to central Launceston Herron Todd White advises.
“Newstead is a popular family suburb due to its proximity to central Launceston and its range of services such as sporting facilities, shopping and restaurants.
“Homes within the $500,000 range in Newstead tend to be on its periphery where recent sales indicate you could purchase a modern home with 170 square meters of living area on just under 900 square meters of land.
“Alternatively for just over $300,000 you could purchase a smaller, 1940s built home that requires renovation, closer to town, with 110 square metres of living area and a block size just under 700 square metres.
“To purchase larger, established homes in north-west Newstead you would need a budget in excess of $500,000,” the report advised.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-tas-newstead-125678642">59A Cypress Street</a>, Newstead (below) has been listed for $320,000.
Built in 1990 the property was last sold in 2003 for $125,150.
<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/2017/07/13/59A%20Cypress%20Street.jpg" alt="">
Central Launceston properties can be purchased for around half a million but require renovations and are often set on steep locations Herron Todd White warns.
“For those wanting to be in Central Launceston residential homes can still be purchased for around $500,000 however such homes tend to be on the periphery, require renovation and are often in very steep locations.
“An example of such a home that sold recently for $450,000 is a terrace, located in one of Launceston’s steepest streets that has 206 square meters of living area over two floors that requires renovation and has car accommodation of a single carport situated on a 273 square metre block,” the report warned.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-tas-launceston-125540398">143 Canning Street</a>, Launceston (below) has been listed for over $545,000.
<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/2017/07/13/143%20Canning%20Street.jpg" alt="">
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Choice aplenty in Tasmania for $500,000: HTW

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A ground floor atrium will be a feature of a new laneway development linking Melbourne's South Yarra station and Chapel Street.
The atrium is part of Forrest Hill precinct's latest apartment project Yarra One and is designed by Fender Katsalidis Architects.
The atrium will feature a stage area with tiered seating for performances.
The atrium will connect Yarra Lane to Daly Street flows through to Chapel Street.
Andrew Leoncelli, managing director for residential projects at CBRE said there has been a true commitment to making a positive contribution to South Yarra’s growing community with the creation of this atrium.
“The atrium is an example of placemaking at its best and will transform the Forrest Hill precinct with its diverse range of amenity for both residents and the wider community.”
Karl Fender, founding director of Fender Katsalidis Architects said Yarra One’s atrium takes inspiration from Melbourne’s renowned network of laneways – the lifeblood of the city’s built environment – bustling with cafes, galleries, specialty shops and eclectic boutiques.
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jonathanchancellor-7SQnKwU6yx

Atrium and performance space slated for Yarra One development

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Baulkham Hills and Hawkesbury had the highest weekend auction clearance rate, according to CoreLogic’s latest report.
The property data firm says that out of the 17 auctions in the area 94.1% resulted in a successful outcome.
This was followed by the Eastern Suburbs with 84.2 percent and Ryde with 82.6 percent.
<a href="https://www.propertyobserver.com.au/images/2017/07/17/Screen%20Shot%202017-07-17%20at%2010.23.11%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/07/17/Screen%20Shot%202017-07-17%20at%2010.23.11%20am.jpg" alt="">
A three bedroom townhouse at <a href="https://www.realestate.com.au/sold/property-townhouse-nsw-baulkham+hills-125685626" target="_blank">4/2A Christopher Street</a>, Baulkham Hills (above) was sold over the weekend for $1,087,500.
Built in 2000 it was last sold in 2006 for $490,000.
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-castle+hill-125745482" target="_blank">18 Bimbil Place</a>, Castle Hill (below) was sold for $1.63 million.
Built in 1950 it was last sold in 2013 for $1.024 million and in 2002 for $430,000.
<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/2017/07/17/18%20Bimbil%20Place.jpg" alt="">
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Baulkham Hills and Hawkesbury clear 94 percent of weekend auctions: CoreLogic

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The Outer East Melbourne region had the highest auction clearance rate over the weekend, according to CoreLogic’s latest report.
The property data firm says that out of the 55 auctions in the Outer East region 90.9% resulted in a successful outcome.
This was followed by the South East with 86.2% and North West with 83.6%.
<a href="https://www.propertyobserver.com.au/images/2017/07/17/Screen%20Shot%202017-07-17%20at%2010.23.18%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/07/17/Screen%20Shot%202017-07-17%20at%2010.23.18%20am.jpg" alt="">
A four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-wantirna+south-125727574" target="_blank">42 Argyle Way</a>, Wantirna South (above) has been sold for $1.045 million.
Built in 1990 the property was last sold in 2011 for $462,500 and in 2003 for $295,000 while the land was sold in 1979 for $40,000.
A four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-ferntree+gully-125727006" target="_blank">42 Bryden Drive</a>, Ferntree Gully (below) was sold for $850,000.
Built in 1985 the property was last sold in 2014 for $525,000, 1994 for $130,000 and in 1986 for $92,500.
<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/2017/07/17/42%20Bryden%20Drive.jpg" alt="">
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Outer East Melbourne scores 90% auction clearance rate: CoreLogic

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Wollongong has the highest weekend auction clearance rate, according to CoreLogic’s latest report.
The property data firm says that out of the 16 auctions in Wollongong 81.3% resulted in a successful outcome.
This is followed by Geelong with 72.7% and Sunshine Coast with 66.7%
<a href="https://www.propertyobserver.com.au/images/2017/07/17/Screen%20Shot%202017-07-17%20at%2010.23.26%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/07/17/Screen%20Shot%202017-07-17%20at%2010.23.26%20am.jpg" alt="">
A four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-newtown-125737434">31 Clarendon Street</a>, Newtown (above) was sold for $725,000.
The property was last sold in 1999 for $135,000.
A two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-belmont-125740126">38 Kardinia Street</a>, Belmont (below) was sold for $415,000.
Built in 1920 the property was last sold in 1976 for $24,900.
<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/2017/07/17/38%20Kardinia%20Street.jpg" alt="">
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Geelong scores second highest weekend auction clearance rate: CoreLogic

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Some 72.9 percent of the 660 Sydney auction listings were sold, up from last weekend, when the final clearance rate for the city was 68.6 percent.
Melbourne was the best performing city with 77.4 percent of the 667 results recording a successful result.
Adelaide was strong too with a 75 percent clearance rate.
The national auction volumes were down for the fourth consecutive winter week, with school holidays contributing to the reduced stock levels, according to CoreLogic's latest report.
However the auction clearance rate has risen.
The number of homes taken to auction across the capital cities with just 1,612 auctions held this week, down from 1,766 last week,
It was higher than this time last July when 1,391 properties went under the hammer.
The combined capital city preliminary clearance rate increased to 72.4 percent this week, up from the final clearance rate of 68.4 per cent last week, although this will revise as more results are collected, CoreLogic auction analyst Kevin Brogan said.
Sydney's Baulkham Hills and Hawkesbury region recorded the strongest clearance rate of 94.1 percent across 21 auctions, followed by the Eastern Suburbs (84.2 percent).
Melbourne's strongest clearance rate was recorded across the Outer East, with 90.9 percent of the 55 reported auctions clearing, followed by the South East region with a clearance rate of 86.2 percent.
At Northcote the house of Collingwood AFL midfielder Levi Greenwood was passed in at $1.28 million, but sold shortly afterwards to the highest bidder for $1,307,500.
The single-fronted Edwardian on <a href="https://www.realestate.com.au/property-house-vic-northcote-125754366" target="_blank">Arthurton Road </a>(above) was bought unrenovated in late 2014 for $725,000, shortly after joining the Pies from North Melbourne.
Its Ray White Northcote selling agent Angelo Bafunno had quoted $1.25-$1.35 million for the house, which features a self-contained two-bedroom bungalow at the back.
There were 116 Brisbane homes taken to auction, with 87 results reported so far.
The preliminary clearance rate for Brisbane was 44.8 per cent, down from 55.7 per cent last week and lower than one year ago, when 47 per cent of the 120 properties taken to auction were successful.
The nation's cheapest mainland result was a <a href="https://www.realestate.com.au/property-house-qld-haigslea-125740370" target="_blank">three bedroom Haigslea house </a>(below) near Ipswich that sold for $277,000.
<img src="https://www.urban.com.au/images/2017/07/17/Screen%20Shot%202017-07-17%20at%209.20.22%20AM.png" alt="">
Located at 304 Haigslea Malabar Road, the house sat on a 3843 sqm block with paddock views which last traded in 2012 at $325,000.
There was <a href="https://www.realestate.com.au/property-house-tas-riverside-125815470" target="_blank">a $160,000 one bedroom house sale</a> (below) at Riverside, near Launceston in Tasmania.
<img src="https://www.urban.com.au/images/2017/07/17/Screen%20Shot%202017-07-17%20at%209.21.18%20AM.png" alt="">
The top sale around the nation was in Sydney when a harbour-view five bedroom house at Balgowlah Heights sold for $3.55 million.
Located at <a href="https://www.realestate.com.au/sold/property-house-nsw-balgowlah+heights-125617790" target="_blank">15 Fisher Street</a>, (below) the 841 sqm property has a 1980s house was was last sold in 2015 for $2.875.
<img src="https://www.urban.com.au/images/2017/07/17/Screen%20Shot%202017-07-17%20at%209.22.28%20AM.png" alt="">
The property was offered through Clarke &amp; Humel Property agents Kingsley Looker and Michael Clarke.
This week, Adelaide saw a preliminary clearance rate of 75 percent, with 36 reported results across a total of 65 scheduled auctions.
In comparison, over the previous week Adelaide’s clearance rate was 59.6 per cent and 54.7 per cent one year ago.
Adelaide prices ranged between $300,000 and $781,000.
A three bedroom 1960s house on 800 sqm at Marryatville sold for $781,000 at <a href="https://www.realestate.com.au/property-house-sa-marryatville-125761978" target="_blank">1 The Crescent</a> (below).
<img src="https://www.urban.com.au/images/2017/07/17/Screen%20Shot%202017-07-17%20at%209.23.25%20AM.png" alt="">
A three bedroom Ingle Farm house sold for $300,000 making it Adelaide’s cheapest weekend auction sale.
Located at <a href="https://www.realestate.com.au/property-house-sa-ingle+farm-125768690">3 Haydn Street</a> (below), the property marketed to first home buyers, investors and downsizes last sold in 2006 for $178,000.
<img src="https://www.urban.com.au/images/2017/07/17/Screen%20Shot%202017-07-17%20at%209.24.13%20AM.png" alt="">
There were 33 Perth auctions this week and so far 18 results have been reported, with 44.4 percent selling.
Canberra’s preliminary auction clearance rate of 72.7 percent across 39 auctions is higher than both last week, when the final auction clearance rate was 62.7 percent, and last year (63.3 percent).
In Yarralumla four bidders competed for <a href="https://www.propertyobserver.com.au/https://www.allhomes.com.au/ah/act/sale-residential/arkana-street-yarralumla-canberra/1317347820311" target="_blank">3B Arkana Street</a> (below), a five-bedroom house on a 1393-square-metre block with resort-style facilities, which Domain reported sold for $2.46 million
<img src="https://www.urban.com.au/images/2017/07/17/Screen%20Shot%202017-07-17%20at%209.25.25%20AM.png" alt="">
Tasmania saw six auctions take place this week and five results have been reported so far, with three sales.
 
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National auction volume down for fourth consecutive winter week

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Developer Hyecorp Property Group are set to build a six storey residential development in Sydney's southern suburb of Sutherland.
The 33 apartment development, named Sia, is located at 66 Glencoe Street features  one-bedroom apartments range from $585,000 to $625,000, two-bedroom apartments priced from $770,000 to $840,000 and three-bedroom penthouse apartments ranging from $1,100,000 - $1,200,000.
Stephen Abolakian, managing director, Hyecorp Property Group said Sutherland was the obvious choice for the group when deciding where to build their first project outside of the lower north shore.
“Hyecorp is now a fast-growing company and there is a limited amount of development sites in the lower north shore, where we have been primarily active,” he says.
“When we were researching which area to expand into, Sutherland was a standout.
"It’s a low-risk area, it’s well-established with a strong population and there is high demand for the right kind of properties.
“We believe Hyecorp is well-placed to fill the gap in the market and the deliver for what Sutherland residents are looking for and Sia is a great example of this.
"We are offering high quality apartments in an area that has all the infrastructure and amenities that residents could want,” he says.
George Benlian, director of sales and acquisitions Hyecorp Property Group said Sia’s pricing was set before the State Government announced its housing affordability package and the company is hoping the development will attract a diverse range of buyers.
“Sutherland doesn’t have a lot of new stock that comes up – the availability of new apartments is very limited,” he says.
“So we anticipate there will be plenty of local buyers and investors attracted to Sia, as well as strong interest from first home buyers from other parts of Sydney, given the generous stamp duty concessions in the Government’s housing affordability package.
“Sutherland is an area that definitely has the potential for more density and growth in the medium-long term, so Hyecorp is thrilled to be coming into the community at this point in time.”
Hyecorp’s in-house architect Troy Kassabian says key to the design of Sia was maximising both the indoor and outdoor space of each apartment.
“The balconies and outdoor areas are really a continuation of the indoor living spaces to make the most of the views, the breeze and the natural light,” he says.
“Hyecorp prides itself on our attention to detail. For example, the apartments all feature full- size pantries with spice racks, high-quality Bosch appliances, ducted reverse cycle air- conditioning, gas points, high ceilings, high windows and shadowline cornices to include a sense of luxury.”
The grand opening of Sia’s full-fitted display apartment will be held on Saturday 29th July 2017 from 10am to 2pm at level 1, 49-51 Eton Street, Sutherland.
The display apartment will be open Thursdays to Sundays from 10am to 2pm following the grand opening.
For more information <a href="https://www.siasutherland.com.au/" target="_blank">click here</a>.
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Hyecorp Property Group's Sia set for Sutherland

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For the second week in a row, Reservoir in Melbourne will be the busiest suburb for auctions, with 15 scheduled this weekend, followed by Mount Waverley (14), St Albans (13), Craigieburn (11) and Greensborough (10), all of the top suburbs for auctions this week are in Victoria.
CoreLogic is currently tracking 1,477 auctions across the combined capital cities.
It is expected that the number of properties scheduled to go under the hammer this week will be lower than the 1,766 auctions held last week, however higher than the 1,391 auctions held over the corresponding week last year.
In Australia’s two largest auction markets of Melbourne and Sydney, activity is lower week-on-week, with 683 homes scheduled to go to auction across Melbourne, down from the 818 auctions held last week, and Sydney set to host 561 auctions, decreasing from 656 auctions last week.
Across the smaller auction markets, it is expected that the remaining capital cities will also see a decrease in volumes this week.
Canberra will see the most notable decrease in activity with 42 per cent fewer auctions scheduled this week compared to the week prior, followed by Tasmania (-40%), Perth (-32%) and Brisbane (-12%), while in Adelaide volumes are only slightly lower (-2%).
A three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-reservoir-125756862" target="_blank">107 McFadzean Avenue</a>, Reservoir (above) will be auctioned this weekend for between $650,000 to $695,000.
Similarly a two bedroom apartment at <a href="https://www.realestate.com.au/property-apartment-vic-reservoir-125756878" target="_blank">6/767 High Street</a>, Reservoir (below) will be auctioned for between $410,000 to $450,000.
<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/2017/07/14/6_757%20High%20Street.jpg" alt="">
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Reservoir again set to be the nation's busiest auction suburb: CoreLogic

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The Inner Sydney rental market has seen two months of increased availability according to the Real Estate Institute of New South Wales, which also noted the highest levels since August 2015.
John Cunningham, REINSW President, said the June 2017 REINSW Vacancy Rate Survey saw Inner Sydney rise 0.3 percent at 2.2 percent, while the overall Sydney metropolitan area remained steady at 1.8 percent.
<a href="https://www.propertyobserver.com.au/images/2017/07/14/Screen%20Shot%202017-07-14%20at%2010.46.14%20AM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/07/14/Screen%20Shot%202017-07-14%20at%2010.46.14%20AM.png" alt="">
“The rise in Inner Sydney was offset by a decline of 0.2 percent at 1.4 percent in Middle Sydney, while outer Sydney slipped 0.1 percent at 1.7 percent," he said.
“More stock has entered the market place in Inner Sydney which has seen a rise in availability as tenants take time to fill the available accommodation.
"In the Illawarra, vacancy rates rose 0.7 percent to 2.5 percent with Wollongong up 1.2 percent at 2.4 percent.
"The Hunter rose 0.2 percent to 2.3 percent with Newcastle up 0.7 percent to 2.9 percent.
"Across regional areas, Albury and New England have the highest vacancy rates at 3.1 percent, up 0.3 percent and down 0.1 percent respectively.
"The Riverina was down 0.2 percent at 2.5 percent and Northern Rivers fell 0.1 percent to 1.6 percent."
<a href="https://www.propertyobserver.com.au/images/2017/07/14/Screen%20Shot%202017-07-14%20at%2010.47.25%20AM.png" target="_blank">Click to enlarge </a><img src="https://www.urban.com.au/images/2017/07/14/Screen%20Shot%202017-07-14%20at%2010.47.25%20AM.png" alt="" style="font-size: 12.16px;">
 
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