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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Tasmania, which garnered international attention last week when Hobart appeared on the latest Knight Frank global list of the top 50 cities with strongest price growth, secured the nation's cheapest weekend auction result.
It was when $140,000 was paid for a three bedroom weatherboard home at Montello, the <a href="https://www.realestate.com.au/sold/property-house-tas-montello-125668178" target="_blank">north coast Burnie suburb</a> (below).
<img src="https://www.urban.com.au/images/2017/07/10/Screen%20Shot%202017-07-10%20at%2011.27.15%20AM.png" alt="">
It was snapped up pre-auction, one of the state's 10 weekend auction listings.
<img src="https://www.urban.com.au/images/2017/07/10/Screen%20Shot%202017-07-10%20at%2011.28.23%20AM.png" alt="">
"There was the ability to glimpse Bass Strait from the front rooms of this wonderful property," the Harcourts marketing of 25 Morse Street advised.
<img src="https://www.urban.com.au/images/2017/07/10/Screen%20Shot%202017-07-10%20at%2011.25.54%20AM.png" alt="">
Five of the eight known Tasmanian results found buyers, topped by <a href="https://www.realestate.com.au/property-house-tas-howrah-125703610" target="_blank">a $500,000 sale at Howrah</a> in Hobart (below).
<img src="https://www.urban.com.au/images/2017/07/10/Screen%20Shot%202017-07-10%20at%2011.31.37%20AM.png" alt="">
It was marketed as a "weathered, but charming three bedroom home that captures picturesque views of the River Derwent and Mount Wellington."
Hobart was the newcomer on the Knight Frank list of the top 50 cities whose property prices have risen the most in the world, leaping to 34th spot, only 11 places behind Sydney and 10 behind Melbourne, after its annual price growth of 11.3 per cent. 
On the mainland, after more than 100 groups through, the former AFL ruckman Angus Graham scored a $202,000 over reserve result when his Yarraville townhouse sold at weekend auction.
The three-bedroom timber<a href="https://www.realestate.com.au/property-townhouse-vic-yarraville-125674450" target="_blank"> inner west of Melbourne property</a> (below) was sold for $1.152 million to a local family by the former Richmond and Adelaide player.
<img src="https://www.urban.com.au/images/2017/07/10/Screen%20Shot%202017-07-10%20at%2011.32.35%20AM.png" alt="">
The final two of the four bidders went toe-to-toe from $1 million, the Herald Sun reported.
The HockingStuart agency had been quoting $900,000 to $950,000. The strata townhouse last sold for $663,000 seven years ago to the carpenter.
Across Melbourne, there was a 73.9 per cent success rate of the 716 reported auctions. It was the nation's highest capital city clearance rate with one in six sold before the scheduled auction.
There were 812 properties taken to auction across Melbourne, down from 874 last week when the final clearance rate was recorded at 70.8 per cent.
Over the same week last year, 619 auctions were held and a clearance rate of 71.8 per cent was recorded.
The nation's top sale was in Sydney when a three bedroom McMahons Point terrace that sold for $4.05 million through through Stone agents Annika Bongiorno and Aaron Bongiorno.
Located at <a href="https://www.realestate.com.au/sold/property-house-nsw-mcmahons+point-125673478" target="_blank">2/12 Commodore Street</a>, (below) the lower North Shore offering had views of Sydney Harbour.
<img src="https://www.urban.com.au/images/2017/07/10/Screen%20Shot%202017-07-10%20at%2011.33.39%20AM.png" alt="">
Built in 2005, it was last sold in 2011 for $1.648 million. The lower north reported the highest clearance rate at the weekend, with a booming 81.3 per cent result, Domain noted.
Domain figures showed an overall Sydney clearance rate of 71.5 per cent on Saturday, up from 69.7 percent the week before.
The bounceback in clearance rates was also apparent in CoreLogic data that noted Sydney was host to 650 auctions this week with a 72.5 per cent success rate, rising from 68 per cent last week across 840 auctions.
The national auction clearance rate sat at 70.7 percent, up from 67.3 per cent last week, while winter bauction volumes fell week-on-week.
There were 1,751 properties taken to auction this week, down from 2,001 last week, although higher than this time last year, when 1,399 auctions were held and a clearance rate of 70.6 per cent was recorded.
Almost all the capital cities saw the clearance rate increase week-on-week, CoreLogic auction analyst Kevin Brogan noted.
Adelaide however saw a decline to a 56.1 per cent preliminary result across 61 auctions, down on the prior weekend's 80 auctions which returned a clearance rate of 60.6 per cent.
The top sale in Adelaide was a four bedroom Linden Park house that sold for $1.12 million.
Located at <a href="https://www.realestate.com.au/property-house-sa-linden+park-125704398" target="_blank">26 Sturdee Street</a>, the 841 sqm corner four bedroom property has been marketed as a rare investment opportunity.
<img src="https://www.urban.com.au/images/2017/07/10/Screen%20Shot%202017-07-10%20at%2011.34.41%20AM.png" alt="">
The 1954 property, last sold in 2009 for $655,000, is leased to tenants until January 2018.
The nation's cheapest mainland auction result was outside of Brisbane where a four bedroom Beaudesert house was sold for $275,000.
Located at <a href="https://www.realestate.com.au/sold/property-house-qld-beaudesert-124619862" target="_blank">52 Meridian Way</a>, (below) the property sold at under the median price of a house in Beaudesert which is $320,000.
<img src="https://www.urban.com.au/images/2017/07/10/Screen%20Shot%202017-07-10%20at%2011.37.34%20AM.png" alt="">
The preliminary clearance rate in Brisbane on the weekend rose to 57.7 per cent, up from 51.6 per cent.
Brisbane auction volumes were only slightly lower with 112 auctions held, down from 118 last week.
<div class="cq-article-content-paras section">
The Domain chief economist Andrew Wilson suggested the extra strength in the national auction market was probably the result of first home buyer activity after the introduction of greater grants and concessions.
</div>
<div class="cq-article-content-paras section">
"It is going to take a few weeks to know but I think the first home buyer activity is making a difference. There is definitely a bounce back," Mr Wilson told Domain.
"We probably would have expected the clearance rate to fall otherwise."
But Sydney's cheapest sale was to an investor through Laing+Simmons agency that secured a $410,000 sale of a 1970s unit at <a href="https://www.realestate.com.au/property-unit-nsw-bankstown-125708838" target="_blank">45/127 Chapel Road, Bankstown</a> (below).
<img src="https://www.urban.com.au/images/2017/07/10/Screen%20Shot%202017-07-10%20at%2011.38.32%20AM.png" alt="">
The marketing offered a $390,000 price guidance for the two bedder that last sold at $27,500 in 1978.
Melbourne's cheapest result was when a two bedroom house at Melton South fetched $280,500.
Located at <a href="https://www.realestate.com.au/property-house-vic-melton+south-125669682" target="_blank">1/33 Staughton Street</a>, (below) the 1990s property was last sold in 2001 for $85,000.
<img src="https://www.urban.com.au/images/2017/07/10/Screen%20Shot%202017-07-10%20at%2011.39.49%20AM.png" alt="">
Melbourne's dearest result was in Albert Park, where eight bidders vied for a large unrenovated Victorian home.
Last sold seven decades ago ago, the 320 sqm holding at <a href="https://www.realestate.com.au/sold/property-house-vic-albert+park-125702086" target="_blank">16 Greig Street</a> (below) sold to a local family for $3,560,000 through Greg Hocking Real Estate, well above its $3 million reserve.
<img src="https://www.urban.com.au/images/2017/07/10/Screen%20Shot%202017-07-10%20at%2011.40.45%20AM.png" alt="">
Across Canberra, 65 homes were taken to weekend auction with the preliminary results showing a clearance rate of 63 per cent, down from 71.4 per cent the previous week.
A four bedroom Hughes, ACT house sold for $1.701 million making it Canberra’s most expensive weekend auction sale.
Located at <a href="https://www.realestate.com.au/sold/property-house-act-hughes-125722674" target="_blank">38 Lynch Street</a>, (below) it had last sold in 2012 for $1.38 million. 
<img src="https://www.urban.com.au/images/2017/07/10/Screen%20Shot%202017-07-10%20at%2011.41.44%20AM.png" alt=""> 
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jchancellor-FAypfDUnLy

Tasmania secures cheapest weekend auction result

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As auction numbers fall in Melbourne and Sydney results are positive for most Sydney and Melbourne sellers, according to Domain's Andrew Wilson.
He said Melbourne will host over 650 auctions this Saturday, lower again than last weekend’s 732 listings and 550 Sydney homes are set to go under the hammer, well below last weekend’s 628 auctions.
"It's another big auction weekend for Melbourne’s west with 145 auctions listed on the weekend as the regional top performer," he said.
"Next highest is the outer east with 100 followed by the north east 95, the inner city 74, the north 72, the south east 61, the south 59 and the inner east with 41 auctions listed.
"Reservoir will be the most popular suburb this Saturday in Melbourne for auctions with 14 scheduled followed by Craigieburn and Mill Park each with 12, Richmond and Werribee each with 10 and Glenroy and Croydon that will each host 9 auctions this weekend. 
"The Sydney home auction market continues to produce solid results for sellers generally despite the usual mid-winter slow-down in activity levels.
"Nearly 550 homes are set to go under the hammer this Saturday which although well below last weekend’s 628 auctions remains significantly higher than the 422 auctioned over the same weekend last year.
"The city and east will be Sydney’s most popular region for auctions this weekend with 73 listed. 
"Next highest and just below is the inner west with 72 followed by the south 64, the upper north shore 58, the west 49, the northern beaches 38, the lower north, the south west and the north west each with 37, Canterbury Bankstown 36 and the central coast with 21 auctions scheduled this Saturday.
"Maroubra, Dee Why and Burwood are Sydney’s most popular suburbs for auctions on Saturday each with 7 listed followed by a number of suburbs with 6 auctions scheduled including Randwick, Surry Hills, Epping and Mascot."
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jonathanchancellor-7SQnKwU6yx

Results still positive for most Sydney and Melbourne sellers

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CoreLogic's Tim Lawless gives the June national housing market update.
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jrobinson-rf4aSBido9

CoreLogic's Tim Lawless June 2017 national housing market update

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The busiest suburbs for auction this weekend are all in Victoria, with 16 properties scheduled to go to auction in Reservoir, followed closely by St Albans and Mill Park with 14 and 13 auctions respectively, and Craigieburn and Glen Waverley both host to 12 auctions.
Auction activity across the combined capital cities will be slightly subdued this week, with 1,588 auctions currently being tracked by CoreLogic, down from last week’s final result of 2,001 auctions held.
However, activity is expected to be higher than what was seen over the corresponding week last year (1,399).
Looking at each of the individual capital cities, activity is varied week-on-week with Sydney expected to see the most significant fall in volumes over the week, down 29 per cent, while in Canberra volumes are expect to rise by 67 per cent.
<a href="https://www.propertyobserver.com.au/images/2017/07/06/Screen%20Shot%202017-07-06%20at%2011.53.00%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/2017/07/06/Screen%20Shot%202017-07-06%20at%2011.53.00%20am.jpg" alt="">
Sydney is scheduled to host 600 auctions this week, down from 724 last week, while in Melbourne 728 properties are set to go under the hammer, decreasing from the 801 auctions held last week.
Brisbane, Adelaide and Perth will also see a fall in volumes over the week, with Canberra being the only capital city where volumes will rise, while in Tasmania auction activity will remain steady.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-reservoir-117355019" target="_blank">23 Acheron Avenue</a>, Reservoir (above) will be auctioned this weekend for between $800,000 to $880,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/property-house-vic-craigieburn-125723358" target="_blank">286 Waterview Boulevard</a>, Craigieburn (below) will be auctioned this weekend.
<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/2017/07/06/286%20Waterview%20Boulevard.jpg" alt="">
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j.ballantyne1990-6AQqhLzZaK

Reservoir to be the busiest suburb this auction weekend: CoreLogic

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Recent homebuyers are taking on larger scope projects than all other home renovators according to the Houzz &amp; Home Australia survey from Houzz, the platform for home renovation and design.
The survey, of almost 10,000 respondents in Australia and more than 185,000 globally, revealed that over a quarter of renovations are driven by recent home purchases (29 percent).
Recent homebuyers are nearly twice as likely to renovate all of their interior spaces than the average home renovator (15 percent versus eight percent, respectively).
When considering priorities, kitchen projects top the list for recent buyers (31 percent versus 25 percent for the average renovating homeowner), followed by living rooms (32 percent versus 23 percent) and master bathrooms (22 percent versus 17 percent).
“2016 was another strong year for the home renovation market, with homeowners continuing to invest in their homes," said Nino Sitchinava, principal economist at Houzz.
“While the majority of renovations are spurred by homeowners’ desire to upgrade a home they have lived in for some time, recent home purchases are also an important driver of home renovation activity.
“Recent homebuyers tend to do more, spend more, and are more likely to hire professionals to help with their renovation projects than other homeowners.”
This year is on track to be another boom year for home renovations, with half of homeowners on Houzz planning to begin or continue renovations in 2017 (50 percent).
Homeowners plan to spend an average of $47,000 on home renovations in 2017. In 2016, kitchen renovations commanded the highest spend ($19,300), followed by master bathrooms ($12,300).
Other top findings include:
Energy Efficient and Healthy Homes:
● While design and functionality top the list of renovation considerations (both 74 percent), almost half of homeowners consider energy efficiency extremely important to their projects (42 percent). To create more energy efficient homes, homeowners are installing home automation technology and solar systems during their renovations (8 percent and 7 percent respectively). Home automation is even more common among recent buyers (15 percent).
● Australian homeowners are also health conscious with almost a quarter reporting health concerns as a priority factor to their renovation project (24%).
Cash is King:
● Seventy-nine percent of homeowners reported to have used cash and savings to fund their projects in 2016.
● Refinancing trails behind at second (15 percent in 2016), with recent homebuyers more likely to refinance than long term owners (21 percent versus 15 percent, respectively).
● Recent buyers are also more likely to use credit cards to fund their projects (16 percent versus 13 percent for long term owners).
Breaking Budget:
● The top challenge facing renovating homeowners in 2016 was staying on budget (34 percent).
● Other top challenges include finding the right products and materials and finding the right service providers (both 33 percent).
Pro is The Go:
● Nine in ten renovating homeowners hired professionals for their renovation projects in 2016, consistent with 2015 (both 89 percent). Recent homebuyers are even more likely to rely on professional help than long term owners (92 percent versus 88 percent, respectively).
Raring to Renovate:
● One in two homeowners on Houzz report plans to renovate over sell their homes (53 percent versus seven percent respectively).
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Recent homebuyers drive renovation activity, Houzz study finds

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The changing landscape of Liverpool is perfect for residential investors, according to Savills’ latest report.
“Despite strong price growth over the past decade, Liverpool remains a relatively affordable location to buy residential property in comparison to the rest of Sydney.
“The average price in the suburb of Liverpool in December 2016 was $777,000 for a house and $412,000 for a unit.
“This is in line with the average across the wider Liverpool/ Fairfield area but offers a substantial discount of 27 percent and 42 percent respectively when compared to the Sydney average.
“Over the past ten years, house and unit prices in Liverpool have increased significantly with values rising by 137 percent and 122 percent respectively, outperforming the Sydney average.
“Over the past year, the rate of annual growth has slowed to 4 percent for units and 7 percent for houses, reflecting a more subdued housing market seen across Sydney,” the report stated.
Investors in Liverpool focus more on income return rather than price growth Savills comments.
“Since the slowdown in capital value growth across Sydney, an increasing number of investors are placing more emphasis on income return rather than relying only on price growth.
“In Liverpool, the median weekly rent is $480 for houses and $390 for units, resulting in average yields of 3.2 percent and 4.9 percent respectively.
“These are higher than the Sydney average, particularly for units where the median yield across the city is 4.1 percent, and as such, Liverpool is attracting an increasing number of investors.
“The supply of units in Liverpool nearly doubled in 2013 compared to the previous four years as a number of large-scale developments came to the market.
“These units have been absorbed and the number of unit sales has fallen to back in line with the long-term average.
“This has had a positive impact on the vacancy rate across the city of Liverpool, which has been falling over the past six months from 2.2 percent in January 2016 to 1.5 percent in January 2017,” the report advised.
The number of new residents coming to Liverpool has outperformed the Sydney average Savills head of research Sophie Chick reports.
“Over the past 10 years, population growth across the City of Liverpool has outperformed the Sydney average, increasing by 26.0 percent compared to 16.6 percent.
“This has significantly added to the demand for real estate in the area, equating to nearly 4,500 new residents per year.
“Families with children make up a higher proportion of the population in Liverpool than across Sydney, accounting for 60.9 percent of residents compared to an average of 47.0 percent.
“This drives strong demand for housing suitable for children with outside space.
“International buyers are an important source of demand for the housing market across Sydney as both owner- occupiers and investors.
“Liverpool is a culturally diverse city and already has a large international community. Just one-third of residents describe their ancestry as Australian or English compared to over half across Greater Sydney.
“There is a range of employment opportunities in Liverpool, meaning one-third of the residents work locally.
“Beyond Liverpool, Sydney CBD is the largest employment location, accounting for 10 percent of Liverpool’s working population, followed by neighbouring Fairfield and Bankstown. Sydney CBD is the next largest employment location followed by neighbouring Fairfield and Bankstown.
“Health care and social assistance is one of Liverpool’s largest employment sectors, reflecting the fact that the city is home to the largest hospital in NSW,” she commented.
Savills say that Liverpool’s population growth is set to continue.
“The city of Liverpool has already experienced higher population growth than many other areas in Sydney and this is set to continue.
“Over the next 20 years, the City’s population is forecast to increase by 55 percent to 331,000 people compared to a 37 percent increase across Greater Sydney.
“This is likely to further contribute to the already high demand for residential property in the area.
“The construction of Badgerys Creek Airport and surrounding infrastructure to support the new airport is expected to have a significant impact on Liverpool.
“The upgraded and newly formed road networks will increase Liverpool’s connectivity between the surrounding suburbs and greater Sydney.
“With a number of major projects and regeneration schemes underway, the desirability of the area for existing and new residents is forecast to continue to grow,” the report stated.
For more information go to Savills' home <a href="https://www.savills.com.au" target="_blank">page</a>.
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Liverpool perfect for residential investors: Savills

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Bold Living has welcomed stars of TV show The Block, Will and Karlie Bethune, to the team, with the Queensland medium home builder naming the Brisbane couple as brand ambassadors.
Will and Karlie, who pocketed $815,000 in winning the 2016 series, will represent Bold Living.
They will participate in master-class style workshops and display home open days, as part of the new partnership.
Bold Living director Brett Boulton said the couple’s design flair and passion for the industry were a suitable fit for the fast-growing builder.
“We were delighted to host Will and Karlie at the recent launch of the Evolve Design Studio – our design showroom that is a one-stop-shop for anyone planning a new home build,” he said.
“Not only were we impressed by their natural style, but their energy, warmth  and ability to ‘think outside the box’ - qualities that match the team at Bold Living.   
<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/2017/07/03/Brett%20Boulton%20with%20Will%20and%20Karlie%20and%20Arlia%20Rubin%20at%20the%20Evolve%20%20Design%20Studio1%203.jpg" alt="">
They said they can’t wait to share our design ideas to enhance their building experience.
"We’re big fans of coordinating a neutral base palette with pops of colour, greenery and clever lighting design for a classic and modern look.”
Bold was established in 2010 by Mr Boulton and has grown exponentially in key growth areas across South East Queensland, with the company now building more than 200 new homes each year.
Bold Living has been awarded Queensland Medium Professional Builder by peak industry body - Housing Industry Association (HIA) - for the past two consecutive years, demonstrating excellence in all areas of home building.
<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/2017/07/03/LTR%20Brett%20Boulton%20and%20Arlia%20Rubin%20with%202016%20Block%20winners%20Will%20and%20%20Karlie2.jpg" alt="">
The Evolve Design Studio – the largest design showroom of its kind in Queensland - is open at 49 Flinders Parade in North Lakes. 
For further information call 1800 462 653 or visit <a href="https://www.boldliving.com.au" target="_blank">www.boldliving.com.au</a>.
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The Block winners join Queensland home builder Bold

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JQZ’s mixed-use development on the 3.3 hectare, former Darrell Lea factory site in Sydney’s Kogarah has drawn interest from first home buyers, according to the Sydney-based developer.
JQZ said it expects the trend of local purchasers accounting for the majority of sales and enquiries at Ramsgate Park will continue, with the addition of another local buyer demographic – downsizers.
The Ramsgate Park sales team has also been fieldingenquiry from local empty nesters looking to divest larger houses they no longer require, said founder and CEO of JQZ, Jian Qiu Zhang.
“Many of the locals we’ve met since we launched Ramsgate Park late last year have not only expressed their love for the area and its community, but quite a high proportion of them also actually grew up and attended school in the area, before deciding as adults that they didn’t want to leave,” he said.
He added that spacious apartment interiors and proximity to the beach had attracted first home buyers in particular.
The development comes in configurations of one, two and three bedrooms in addition to terrace homes.
One bedroom units with car space start at $520,000 at the development, while two-bedroom apartments range from $705,000 to $895,000.
The site at 152-206 Rocky Point Road spans nearly 3.3 hectares with 152 Rocky Point Road selling for more than $41.8 million last November, according to CoreLogic RP Data.
The median unit price in Kogarah is around $630,000, according to <a href="https://www.realestate.com.au/neighbourhoods/kogarah-2217-nsw?cid=srp" target="_blank">realestate.com.au</a>.
The factory site was previously used by the chocolate-maker Darrell Lea.
Colliers International’s Ian Bennett, who is leading the sales and marketing campaign for Ramsgate Park, said buyer feedback in the area also extends to those becoming increasingly ‘auction-weary’ due to the toll that this highly competitive process often takes on buyers.
“It is becoming more and more appealing for purchasers to reclaim their time, money and efforts, as well as stave off the ongoing disappointment, by taking charge as buyers and opting to buy off-the-plan apartments by reputable developers with projects in the areas where they want to live,” he said.
“By doing so, they can better plan for their home in terms of budgeting for a deposit, organising their finance and staying on target.”
Kogarah has increased in popularity amongst buyers in recent years on the back of upgrades to its town centre, which now spans more than 6,485 sqm and is anchored by Woolworths and Aldi, while also offering 18 specialty stores as well as a tavern.
<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/2017/06/20/MQP_Pool_View6%20R4b.jpg" alt="">
Designed by PTW Architects with interiors by Turner Architects, Ramsgate Park will comprise about 530 apartments across four residential buildings and will include 20 terrace homes, each with their own private gardens.
The display suite is at 168 Rocky Point Road, Kogarah, designed by Turner + Associates.
The site is close to schools, St George Hospital, a Westfield shopping centre and local shops.
Construction for Ramsgate Park is expected to commence in Q3 2017 by JQZ’s own in-house construction arm.
More information can be at <a href="https://ramsgatepark.com.au/" target="_blank">www.jqz.com.au</a>.
The group recently sold (below) more Macquarie Park apartments.
<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/2017/06/20/Photo%2017-6-17%2010%2011%2007%20am.jpg" alt="">
<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/2017/06/20/Photo%2017-6-17%2012%2026%2055%20pm.jpg" alt="">
 
 
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JQZ's off-the-plan project in Kogarah draws first home buyers

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The federal budget measures and state announcements to make housing more affordable seems to be having little impact on single people and the younger generation, a recent survey has found.
Although both NSW and Victoria have abolished stamp duty for first home buyers on properties up to 650,000 and 600,000 respectively, the fact is that home prices in the popular suburbs are almost always above these levels.
Any reduced or full stamp duty for properties exceeding these prices will still be hefty.
With it now taking an average of 8.4 years for a couple to raise the $214,600 deposit required for a median-price house in Sydney, single people in particular, who are having to stump up most of the cash on their own, might continue to struggle to get into the market as the new financial year progresses.
A recent Galaxy Research survey of 1,006 people for debt solutions company Fox Symes found that significantly more single people (27 per cent) say the issue of housing affordability is having a major impact on their life right now compared to couples (15 per cent).
In addition, home ownership continues to worry young people. A large 40 per cent of respondents aged 18 – 24 name it as their biggest financial concern, followed by 29 per cent of those aged 24 – 34, and 21 per cent of Gen X-ers aged 35-49. 
Some 19 per cent of Australians overall are stressed about the issue with the highest percentage (26 per cent) among those in NSW, where housing prices are the most expensive. This was followed by Queensland (17 per cent), Victoria (16 per cent), South Australia (15 per cent) and WA (11 per cent).
“Whilst some new budgetary reforms are now taking place including restrictions on foreign investment, I still think we need to have ongoing discussions regarding housing affordability,” said Fox Symes director Deborah Southon. 
“Nowadays it can be very difficult for people who are on their own to get into the housing market and remain there comfortably. Even if they do manage to scrape up the deposit and take the plunge, they may end up taking on a mortgage they can’t really afford. This could land them in debt if they’re forced to rely on credit cards to help pay for expenses.”
Southon suggested that single people may have into alternative strategies such as buying into the market with a friend or relative, or buying a cheaper investment property whilst continuing to rent in their desired area. 
“We need to continue to create more solutions to address this problem which could only worsen in years to come and lead to financial stress for many. The issue is far from over.”
Earlier this year, an HSBC survey found that home ownership among Australian millennials was among the lowest, with less than a third (28 percent) owning one. A majority cited high property prices as a major barrier.
The survey also found that nearly one in 10 Australians (8 per cent) also say uncertainty over whether banks will raise interest rates is making them nervous. New levies set for big banks could also be passed onto customers in the form of increased banking charges.
Other costs currently stressing people out which could escalate are electricity and gas costs (17 per cent) - set to rise with big providers AGL, EnergyAustralia and Origin Energy poised to hike prices up to 20 per cent extra, and education (5 per cent) which may result in fee increases for some schools under Gonski 2.0. 
Private health insurance costs (23 per cent), grocery prices (11 per cent) and childcare fees (4 per cent) are also causing headaches for Aussies.
“Unfortunately, debt is the inevitable outcome when we spend more than we earn and with so many costs on the rise it’s a very easy trap to fall into,” Southon says. “If we want to live within our means then we need to budget and consistently monitor what we spend – now more than ever.” 
Galaxy Research conducted the online survey amongst a nationally representative sample of 1,006 Australians aged 18 years and older covering: NSW, ACT, VIC, TAS, QLD, SA and WA.
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Budget moves fail to ease housing affordability concerns for singles, young 

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South Gladstone is the cheapest locality in Queensland to rent a house, according to Investar’s latest June report.
The property investment firm says that the median rent at South Gladstone is $120.
This was followed by Chinchilla, Dysart and Collinsville all with $150 Blackall with $160.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="100">
Suburb
</td>
<td valign="top" width="64">
Postcode
</td>
<td valign="top" width="70">
Bedrooms
</td>
<td valign="top" width="117">
Current median rent
</td>
</tr>
<tr>
<td valign="top" width="100">
South Gladstone
</td>
<td valign="top" width="64">
4680
</td>
<td valign="top" width="70">
2
</td>
<td valign="top" width="117">
$120
</td>
</tr>
<tr>
<td valign="top" width="100">
Chinchilla
</td>
<td valign="top" width="64">
4413
</td>
<td valign="top" width="70">
2
</td>
<td valign="top" width="117">
$150
</td>
</tr>
<tr>
<td valign="top" width="100">
Dysart
</td>
<td valign="top" width="64">
4745
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="117">
$150
</td>
</tr>
<tr>
<td valign="top" width="100">
Collinsville
</td>
<td valign="top" width="64">
4804
</td>
<td valign="top" width="70">
2
</td>
<td valign="top" width="117">
$150
</td>
</tr>
<tr>
<td valign="top" width="100">
Blackall
</td>
<td valign="top" width="64">
4472
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="117">
$160
</td>
</tr>
<tr>
<td valign="top" width="100">
Scottville
</td>
<td valign="top" width="64">
4804
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="117">
$165
</td>
</tr>
<tr>
<td valign="top" width="100">
Tannum Sands
</td>
<td valign="top" width="64">
4680
</td>
<td valign="top" width="70">
2
</td>
<td valign="top" width="117">
$165
</td>
</tr>
<tr>
<td valign="top" width="100">
Calliope
</td>
<td valign="top" width="64">
4680
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="117">
$170
</td>
</tr>
<tr>
<td valign="top" width="100">
Mount Morgan
</td>
<td valign="top" width="64">
4714
</td>
<td valign="top" width="70">
2
</td>
<td valign="top" width="117">
$175
</td>
</tr>
<tr>
<td valign="top" width="100">
West Gladstone
</td>
<td valign="top" width="64">
4680
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="117">
$175
</td>
</tr>
</tbody></table>
A three bedroom house at <a href="https://www.realestate.com.au/property-house-qld-dysart-418278490" target="_blank">16 Patterson Street</a>, Dysart (above) has been listed for $150 per week.
Similarly a two bedroom house at <a href="https://www.realestate.com.au/property-house-qld-collinsville-413301151" target="_blank">13-15 Strathmore Street</a>, Collinsville (below) has been listed for $145 per week.
<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/2017/06/09/13-15%20Strathmore%20Street.jpg" alt="">
</body></html>

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