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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Over three floors on Toorak’s 27-31 Washington Street, six new residences, including a penthouse, are set to be built by Orchard Piper.
The <a href="https://washingtonstreet.com.au/" target="_blank">Washington Street </a>properties include two ground-floor “garden residences” with north facing gardens, one of which includes a swimming pool. It also includes three first floor residences called “The Terraces”. Atop the building is the penthouse, covering a whole floor.
Garden residences have either three or four bedrooms, and are sized from 360 square metres.
First floor apartments are three bedroom options from 245 square metres.
The penthouse is four bedrooms, with 580 square metres of floor space.
The penthouse includes a gym, pool, private garage with separate lobby, dedicated lift access, and a 1,300 bottle wine room and bar. It will have city views.
Expectations are for the penthouse to sell for in excess of $15 million.
Custom interior packages have been commissioned through Jolson Interiors, which will be different for each apartment, and each will come with AV packages.
Stephen Jolson of Jolson Architecture is behind the design, with landscaping by Eckersley Garden Architecture. Lighting designer Lindsey Adelman designed the custom entry lobby fitting.
Director of Orchard Piper, Luke McKie said that their style was for understated elegance and thoughtful interior design.
The development is currently open for registrations of interest, and is being sold locally through Marshall White, with interstate and international enquiries through Knight Frank.
Orchard Piper is also behind Toorak’s St Johns Lane, which is currently under construction. St Johns Lane is also being created in conjunction with Jolson and Eckersley, as is their South Yarra offering Davis Avenue.
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jduke-EHk3XBmHkn

Orchard Piper launches six new boutique Toorak apartments

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Billionaire Harry Triguboff’s Meriton Group has become the country’s largest home builder, the latest HIA-Colorbond Housing 100 report shows.
It jumped from fourth place after more than tripling the number of housing starts from last year to 7,929.
"The leap to the top from last year's fourth placing reflects the growing trend towards apartment living and a nationwide apartment boom," Meriton's managing director Harry Triguboff said.
Meriton's dwellings commenced in the year 2013/2014 trumped Perth’s traditional home builder BGC, who ran second with 5,004 housing starts.
“We are very proud to become the premier home builder in Australia,” said Triguboff.
 “This became possible because of the hard work and dedication of all our staff. We believe that building apartments is very important for the country, the state, the councils, subcontractors, employees and the purchasers. The main thing is – we all did well.” 
Meriton has been New South Wales’ largest apartment developer for several years and last year became Australia’s number one apartment developer. Its 7,929 starts represents more than 10% of the 66,764 dwelling commencements of the entire Housing 100.
The surge in new apartment starts pushed Brookfield Multiplex (with 2,189) and LU Simon (1,179) into the top 20 builders list.
Among the share of dwellings started by the 100 largest builders, apartments, or multi-residential dwellings, rose in proportion to 24% of the total from 16% a year earlier.
The HIA-Colorbond report predicts 182,416 housing starts for the year to June, up 12.7% from the previous year.
Meriton’s status as Australia’s largest home builder is a significant achievement for a company that operates only on Australia’s east coast.
It has constructed more than 60,000 dwellings in Sydney, Brisbane and the Gold Coast over the past 50 years. 
Currently, Meriton has more than 15,000 apartments in its construction pipeline across 25 sites. 
It has spent $431 million on six site acquisitions in 2014 to date, purchasing in covetable inner-city areas with plans to build both residential and serviced apartment accommodation.
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jchancellor-FAypfDUnLy

Harry Triguboff’s Meriton tops HIA-Colorbond Housing 100 builders list

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The Block's Josh Densten and Jenna Whitehead's renovated three bedroom investment cottage at East Albury has been sold for just under $400,000.
<a href="https://instagram.com/p/tKIJgdQcLy/" target="_blank">The contestants</a> of the 2011 Richmond series of The Block bought the 670 square metre Beaumont Crescent property in 2008 for $250,000.
They tried to sell it in early 2011 for $300,000 plus.
It was listed for <a href="https://www.domain.com.au/public/propertydetails.aspx?adid=2011398946&amp;" target="_blank">20 September Stean Nicholls auction</a> with the official sale price undisclosed.
Agents Amanda Giblin and Geoff Stean marketed  the home as offering "plenty of modern living and renovated in style," with easy care gardens and impressive views over Albury, allowing the buyer to enjoy their home with minimal effort.
The couple's first appearance on The Block in 2011 saw their renovated home sell for $1 million, but with little gain, while their second home in 2013's The Block: All Stars netted $1.65 million, $275,000 of which was profit.
East Albury's median house price sits at $323,000, <a href="/news">according to RP Data</a>, which is less than its 2008 and 2011 peaks.
The couple run <a href="https://bickerdesign.com.au" target="_blank">Bickerdesign</a>.
The Block stars Josh Densten and Jenna Whitehead are turned their flair for interior design into a fulltime business with the launch of decorating/renovation business Bicker Design.
Josh and Jenna's <a href="https://www.propertyobserver.com.au/victoria/take-two-auction-frenzy-as-only-one-offering-left-on-the-block/2011082351266" target="_blank">double-fronted Victorian cottage in Richmond sold for $1 million</a> through Ruth Roberts of Woodards a few days after 2011 The Block auction.
It was the three bedroom 37 Cameron Street Richmond cottage renovated by Josh and Jenna who had a $950,000 Block 2011 auction reserve.
 
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Blockheads Josh and Jenna sell East Albury investment cottage

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Parking is a hot topic for apartment developments. Some see current minimum car space requirements in developments as necessities and others see them as restrictive.
This makes the new planning guidelines crucial for ensuring a practical approach for apartment living across Sydney.
The Urban Taskforce says that they’ve been involved in the development of the new guidelines for apartment living, which sees a proposal to reduce car parking requirements for apartments within 400 metres of a rail station.
In fact, as Property Observer  reported yesterday, the <a href="https://propertyobserver.com.au/forward-planning/investment-strategy/politics-and-policy/36075-cheaper-new-sydney-apartment-drive-as-compulsory-car-spaces-scrapped" target="_blank">reductions will see apartments within these areas requiring no car spaces,</a> under the draft guidelines announced by Pru Goward, who said<a href="/expert-insights/investing/cheaper-new-sydney-apartment-drive-as-compulsory-car-spaces-scrapped"> </a>this may see the prices of new apartments reduced by $50,000 as a result. These guidelines are likely to cover 22 council areas.
Urban Taskforce chief executive Chris Johnson says many apartment dwellers have a clear and obvious preference to use their local public transport.
“The minimum requirements still allow more parking if the market supports this,” says Johnson.
“The previous design code had been over ridden by some councils wanting to set their own standards. The new amendments to the State Environmental Planning Policy makes it clear that council development control plans cannot be inconsistent with the Apartment Design Guide,” he says.
He notes that this applies for specifics such as balconies and solar access, as well as other criteria.
“The planning policy specifically identifies standards that cannot be used as grounds to refuse development consent including ceiling height, apartment areas and car parking provisions,” he says.
Above ground parking is an area they want to consider in detail, due to prohibitive costs of below ground parking.
This, says Johnson, may require the government to review the impact of floor space ratio requirements in this area.
“It is important that the state government sets these standards rather than allowing each individual council to have separate controls,” he says.
The <a href="https://planspolicies.planning.nsw.gov.au/index.pl?action=view_job&amp;job_id=6692" target="_blank">guidelines are currently open for public comment</a>.
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Sydney’s floor space ratios for apartment car parking needs consistency: Urban Taskforce

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A couple of weeks ago Apartments.com.au touched on some <a href="/news/design-requirements-that-will-define-federation-square-east">design requirements that would define Fed Square East</a>, prior to the release of the Expression of Interest campaign on September 15th.

In a two-part-icle (yes I just invented a new term) piece I jump in a time machine and travel back to my university days to take a look at two different schemes I developed during the course of my studies at RMIT. Each sets out to achieve various objectives based on a number of similar considerations relating to necessary program, sight lines, connections both physical and visual with the Yarra and a few Melbourne landmarks, althoughthe outcomes are hugely different.

The Federation Square East site is bounded by Federation Square/Russell Street to the west, Flinders Street to the north, Batman Avenue to the east and Birrarung Marr to the south and totals 3.3 hectares; 2.3ha above the rail lines and 1ha that is largely used for car parking.

The first concept was part of a design studio entitled FX-TENSION and was run very similar to a design ideas competition so the level of resolution at a micro scale wasn't as critical as the macro planning. The brief was to develop a proposal for a building or series of buildings which would bring together the three schools of architecture (at the time - Monash has since joined) under one roof, as well as an extension to the NGV's Ian Potter Centre housing the Oceania and Asia collections.

Additionally a commercial component was required to facilitate the development of the other areas as well as making the decking over the railyards viable. A theme of camouflage was carried throughout the semester and was to be the basis for any facade strategy employed.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/conceptual_render.jpg" rel="gallery-all" title="Conceptual Massing Study - Fed Square East."><img alt="" class="image-article-full-width-580px" height="309" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/conceptual_render.jpg?itok=d2fX_F_c" title="Conceptual Massing Study - Fed Square East." width="580"></a>

<figcaption>Conceptual Massing Study - Fed Square East.</figcaption></figure>I mention this as I believe one of the shortcomings of the Flinders Street Station competition was the viability of proposed schemes relative to their commercial components. As much as I love Hassell's scheme the likelihood of it seeing the light of day hinges on its commercial offering; in this case a museum and gallery.

The Government would never be able to deliver such a project on its own (particularly with a $2b price tag) so either a Public Private Partnership comes into play whereby a developer in all likelihood would reconfigure the western end of the station to accommodate a number of high-rises, or in the case of Fed Square East the site is handed over to the private sector to develop as they see fit with a number of criteria to be met before any formal engagement.

<blockquote>
This Expression of Interest (EOI) is an opportunity to convey your interest and demonstrate the capability, capacity and innovation necessary to deliver a vibrant and commercially viable mixed use development of exceptional design quality at FSE without a capital contribution or regulatory relaxation by Government.

The Government is seeking Submissions that identify and explain the intended approach to development, design and integration of mixed uses that will fulfil the vision for the FSE Site. This information will be used to identify a short list of Respondents who will be invited to participate in the subsequent Request for Proposal (RFP) stage of this Procurement Process.
<cite>Major Projects Victoria</cite>
</blockquote>

Without having seen the EOI documents for myself (you must register and log in to view them) one critical aspect that should be included in any future scheme is an extended Ian Potter Centre as per the brief we were given at university 6 years ago. Although this is rarely ever mentioned in the same breath as Fed Square East particularly in the media, the <a href="https://www.propertyobserver.com.au/http://www.theage.com.au/news/national/ngv-push-for-landmark-gallery-extension/2007/09/21/1189881777512">NGV had already outgrown its current digs 7 years ago</a>.

<blockquote>
Indigenous art was popular with locals and tourists, and the Ian Potter Centre, just five years old, had run out of space. A dedicated indigenous wing would be a "massive drawcard" for Melbourne.

But as a gateway building, such a gallery had to be "highly distinguished, monumental and significant" architecture. "It cannot be done on the cheap," he said. Preliminary costings show that such a building could cost about $150 million.

Dr Vaughan said the NGV's idea for a new wing was in draft form only. It was developed in anticipation that government and business would eventually extend decking over the Jolimont rail yards. He said it was crucial that any such project include a major cultural component. "We would like to book some space on the deck that the government and private sector will build for some other entirely different purpose."

Dr Vaughan said the NGV needed more space for indigenous, Asian and oceanic art. A key attraction for such a gallery would be a large multi-media display of rock paintings from around Australia.
<cite>The Age September 22 2007</cite>
</blockquote>

<h2>Concept</h2>

The existing design for Fed Square has largely future proofed itself by way of the 'Crossbar' structure that begins in the undulating plaza as the offices for SBS, puncturing through the atrium and NGV before poking out on the eastern facade, setting up the future extension of the gallery over the Russell Street extension. So it was with that key objective in mind that I set about designing the complex: an extension for the NGV to house its Asian and Oceanic collections.

This manifested itself in a series of origami eels which were an evolution of Federation Square's 'filaments' that informed the formal and programmatic planning of spaces and buildings. Drawing upon the ideas and inspirations for the Birrarung Wilam (River Camp) artwork that sits within Birrarung Marr I combined these themes with an idea-gram produced earlier in the semester for the site.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/birrarung_wilam.jpg" rel="gallery-all" title="Birrarung Wilam and origami eels."><img alt="" class="image-article-full-width-580px" height="402" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/birrarung_wilam.jpg?itok=k9C7y-Vk" title="Birrarung Wilam and origami eels." width="580"></a>

<figcaption>Birrarung Wilam and origami eels.</figcaption></figure>The public spaces were also key to the design with an emphasis on good connections to the river via a large cascading series of steps down to the river and an extension of the footbridge through Birrarung Marr over the rail lines to Flinders Street and adjacent to a new north facing public space.

Rather than try and remember and regurgitate everything I did point by point I have decided to include the pages from my final presentation in the slideshow below which are lighter on text but visually (hopefully) quite easy to understand.

<a href="/news/fed-square-east-some-food-for-thought-part-two">Look out for part two tomorrow</a> for an alternate, more ambitious scheme I think befitting of Fed Square East.
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Laurence Dragomir

Fed Square East: Some food for thought (Part One)

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The next Millers Point terrace - part of the 214 freehold terrace properties being sold by the NSW state government - goes to auction tomorrow night, Thursday September 25.
There is no revealed price guidance for the Di Jones auction offering on <a href="https://www.dijones.com.au/millers-point-86-windmill-street/1704067/" target="_blank">Windmill Street</a>.
The 1880s heritage listed terrace (pictured above) has three levels.
"It is immediately liveable, as is, with modern finishes, and there is further potential for refurbishment or reconfiguration," the marketing says.
The next scheduled auction is the <a href="https://rwdbgroup.com/nsw/millers-point/1187867/" target="_blank">30 Argyle Place</a>, October 8 offering through Craig Pontey at Ray White Double Bay.
The NSW government has grossed $11.1 million from the first four property sales. 
The disposal, which will include the in one line sale of the 79 apartments in the Sirius building at The Rocks, appears set to inject more than $500 million into the government's coffers.
The Community Services Minister Gabrielle Upton says the proceeds will be returned to the social housing system, for repairs and new projects.
The social housing waiting list numbers around 58,000 households.
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Fifth Millers Point NSW government terrace to go to auction tomorrow - 209 to go

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The Point Piper beachfront, 14 Wolseley Road secured a $9.4 million price at auction this week.
It is a four-bedroom mid-1990s property with access onto Seven Shillings Beach. The block is about nine metres wide.
<a href="https://www.realestate.com.au/property-house-nsw-point+piper-117788175" target="_blank">The offering</a> was sold through BradfieldCleary agent Bob Guth with three bidders above the $9 million mark at the Cooley Auctions event.
Guth tried to sell it in 2008 and 2009. It was first listed for late 2007 auction.
The Point Piper residence was sold by the retired surgeon Dr John Chong and his wife Anne who rebuilt after buying it in 1973 for $165,000. It was redesigned in 1994 by architect Peter Stronach,
It had been an executive rental over the years with its asking rent most recently at around $3000 a week.
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Point Piper beachfront sells for $9.4 million

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Changing the use of any property can lead to riches.
A former Paddington garage that has been transformed into a two bedroom terrace with parking will possibly prove the adage at <a href="https://www.realestate.com.au/property-house-nsw-paddington-117964819" target="_blank">its upcoming 18 October Position Realty auction</a>.
"Having experienced a truly remarkable makeover, The Garage has been transformed into a unique three-storey freestanding architectural masterpiece of contemporary design," listing agent Deborah Terley said.
With custom finishes and interiors throughout, the sleek residence comes with Centrepoint Tower views.
The single storey lock-up garage<a href="https://www.realestate.com.au/property-house-nsw-paddington-113013491" target="_blank" style="line-height: 1.3em;"> sold at $822,500</a> in July last year. 
Positioned between adjoining terraces, the then lock up garage occupied its 76 square metre block with a width of 4.6 metres.
It now has 93 square metres of living space plus  23 square metres of courtyard.
<a href="https://www.realestate.com.au/photogallery_new.ds;jsessionid=AD5F9A0E1C4DFC4221F5BDA19ECB4AD6?id=113013491&amp;theme=rea.sold" rel="photos" data-id="113013491"><img src="https://i1.au.reastatic.net/456x342/471c7d6ef95c494be7037f09057f5a8409447d6482edc9286f3754348d813452/main.jpg" alt="19 Hopewell St, Paddington" title="19 Hopewell St, Paddington" data-index="0"></a> It sold through Position Realty agent Deborah Terley with development approval last July.
Previously Laing Real Estate sold it with the property behind for $1.35 million in 2006. The then garage had a de-serviced petrol pit.
More than $1.2 million is now being tipped.
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Transformed Paddington garage - now with residence atop

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The Australian estate agency CBRE has suggested the recent offshore marketing of Melbourne's tallest building, Australia 108, was being undertaken by "rogue" agencies.
Last week a Singaporean agency started taking buyer interest registrations, <a href="/expert-insights/buying/southbanks-australia-108-marketing-underway-offshore-through-knight-frank-singapore">on which Property Observer reported</a>. The website page was removed this week.
<img src="/images/2014/09/23/australia-108-sept-23-one.png">
Screenshots from the Singaporean website marketing Australia 108 before it was removed.
CBRE was also aware of another Singaporean company taking registrations using dated imagery of the former project.
The ambitious project's former owner, a mostly local Melbourne developer syndicate had begun <a href="/news/vic/fender-katsalidis-australia-108-tower-seeks-1-000-early-buyer-registrants">privately taking deposits</a> on the then 108-storey proposal offering from late 2012.
But the revised project, which is still awaiting final floor plan designs, is now being developed by the Singaporean company, Aspial.
At 319 metres it will be the tallest block in the southern hemisphere.
There will be an estimated 1,105 apartments in the complex, located up to its 100th level with a 2019 estimated completed date.
"It is a rogue operator attempting to get registrations," CBRE Residential Projects Victoria managing director Andrew Leoncelli told Property Observer.
"It's my project," he said, adding the two Singaporean agencies were "unauthorised".
Giving an estimated November 2014 to March 2015 timetable for the initial marketing, he indicated CBRE was the only appointed agency.
While CBRE have not yet taken any registrations, a January 2013 CBRE press release after the development site sale to the Aspial group indicated "people who have registered their interest in an Australia 108 apartment will be contacted with an update on designs for the tower once plans are further advanced." 
The prior Australia 108 consortium included Nonda Katsalidis; investor Adrian Valmorbida; developer Benni Aroni representing the Watersun syndicate made up of himself, Gary Caulfield, Rob Elliott and others; and the Beulah International syndicate representing the Malaysian partners.
Comment has been sought from Aspial.
The Knight Frank Singaporean commission agent spoken to by Property Observer said he had authorisation to take inquiries and registrations.
"Our company has been appointed," he said referring Property Observer to the agency website, which has since been taken down.
<img src="/images/2014/09/23/australia-108-sept-23-seven.png" alt="">
 
Designed by Melbourne-based and internationally renowned architect, Fender Katsalidis, the iconic tower comes with a striking starburst at levels 70 and 71 that will house Melbourne’s highest and largest recreational facilities area for residents.
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The iconic golden starburst will be located 210m above ground level and will house luxurious services for residents, including club lounges, fitness centres and private dining spaces, private theatres as well as two large gymnasiums and infinity edge pools, all of which will enjoy spectacular views over Melbourne. Level 70 will also feature a sky garden,
Facilities on level 70 will be for all residents, while residents living in the 170 apartments located above the starburst (from level 72 onwards) will enjoy exclusive access to private recreational facilities on level 71. The tower’s luxurious penthouse will exclusively occupy level 100. 
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“We see significant opportunities and interest in the Melbourne property scene – given it has been voted the most livable city in the world1 for the last four years. said Mr Koh Wee Seng, CEO of Aspial recently.
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“The Group is extremely privileged to be able to deliver such a landmark project in Melbourne, where we see a great appetite for luxury apartment living. We believe this building will redefine luxury living and also play a major role in showcasing Melbourne as a world-class city and leader in modern architecture,” Koh Wee Seng added, indicating the project had a S$1 billion gross development value.
Prices for one bedroom apartments will start from A$450,000. 
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Rogue marketing claims in offshore Australia 108 registrations

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John Dumesny, who negotiated the $187 million sale of the former Harold Park raceway in 2010, has bought into the unfolding Mirvac development.
Dumesny, the chief executive of Harness Racing NSW, along with business partner, lawyer Eve McGregor, bought a three-bedroom investment terrace at the weekend launch of Chevalier, the fifth precinct in the Glebe development.
<a href="https://haroldparkbymirvac.com/visual-tour" target="_blank">Dumesny worked onsite at the paceway from 1988 to 2010</a>.
"It is like coming full circle," he told Fairfax Media.
The north-facing park-front terrace homes had prices ranging from $1.9 million to $2.15 million.
Of the 111 apartments and terraces offered, 92 had sold by late Saturday taking sales at Harold Park to more than 1000.
The Harold Park project is set on the former raceway site 2.5 kilometres from the CBD.
It will comprise 1,250 apartments and terraces on completion.
<img src="/images/2014/09/23/mirvac-sept-23-breakout-two.jpg" alt="">
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