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

<html><body>
Sydney’s much publicised growth over the past few years has seen record breaking sales and new highs in the median price, and there are a number of forces behind this growth, according to McGrath Estate Agents’ John McGrath.
Over the past 12 months, Sydney has seen 14.8% growth across the board, with McGrath tipping further growth to come.
In <a href="https://www.propertyobserver.com.au/https://issuu.com/mcgrathestateagents/docs/mcgrath_spring_report_2014?e=7704045/9223873" target="_blank">The McGrath Report 2014</a>, he notes that when looking at the drivers of the Sydney market six distinct elements emerge. These six factors, in concert with a recovering economy, are behind current growth.
McGrath notes that the property market is likely to continue growing, but at more modest rates, with continued demand in the inner ring and beachside suburbs, but also in the outer ring areas of Kellyville and Rouse Hill.
Here are the six elements that have driven the growth to date:
<ol>
<li>The return of investors and influx of SMSF direct investment 
</li>
<li>Significant inflow of overseas investment in the residential market 
</li>
<li>Record low interest rates alongside record high rents 
</li>
<li>The impact of a new state government 
</li>
<li>Approval and commencement of several major infrastructure projects 
</li>
<li>Underlying housing shortage coupled with an anticipated population growth of 1.57 million by 2031</li>
</ol>
Source: The McGrath Report 2014
His expectation, while not for 'straight line' growth, is for another 10% to 20% growth left in the cycle over the next few years.
YOU MAY ALSO LIKE TO READ:
<a href="/news/estate-agent-john-mcgrath-considers-asx-float">Estate agent John McGrath considers ASX float</a>
<a href="/expert-insights/investing/john-mcgrath-s-10-sydney-suburb-picks">John McGrath's 10 Sydney suburb picks</a>
</body></html>

jduke-EHk3XBmHkn

The six factors driving Sydney's price growth: John McGrath

<html><body>
For some very strange reason property commentators are struggling to differentiate between the investor property market and the household property market. 
Treasurer Joe Hockey was right when he commented this week: “It is just an easy mantra for international commentators and for analysts based overseas to say ‘well there’s a housing bubble emerging in Australia’; it is a rather lazy analysis because fundamentally we don’t have enough supply to meet demand.” 
I have been saying this for the best part of 12 months now, given the figures provided are a bundle of property sales where the demographic markets are not broken down – simply because they are lazy and you get a meatier headline by using the bundle method.
During the global financial crisis (GFC) we kept hearing the ongoing reference to “green shoots” emerging where today some are attempting to decimate the Australian real estate industry. Many forget that the Australian real estate industry is directly one of the largest employers in Australia and there is a very strong argument that it is playing a major role in keeping our economy buoyant.
I don’t really buy the argument about the low interest rates although in five years’ time we in all probability will see distress sales as the cash rate moves up and home buyers come out of their fixed periods – that is inevitable and should not be used as some sort of shock therapy. Many are forgetting that the Australian banks borrow a substantial amount from overseas so when the cost of lending increases it won’t be the Reserve Bank of Australia (RBA) dictating the rates rather the banks will be increasing regardless of the cash rate setting. 
With the ‘Big Four’ banks holding 80% of Australia’s mortgage book they won’t be waiting for guidance from the RBA – they’ve done it before and they will do it again. Although mysteriously the commentators have the RBA front and centre whilst constantly missing the big picture. The cash rate might well remain at 2.50%, but we miss the point that the lenders are hedged to their funding costs which are not determined by the RBA.
To put Joe Hockey’s ‘lazy analysis’ theory to the test this week I went back through Mosman House sales from 2000 to 2014 which shows a very interesting story given Mosman has approximately 4,800 houses and semis.
<table style="width: 460px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="72">
Year
</td>
<td valign="top" width="98">
Number of Sale
</td>
<td valign="top" width="140">
Total Volume Sold
</td>
<td valign="top" width="307">
Average House Price
</td>
</tr>
<tr>
<td valign="top" width="72">
2000
</td>
<td valign="top" width="98">
325
</td>
<td valign="top" width="140">
$471,065,300
</td>
<td valign="top" width="307">
$1,449,429
</td>
</tr>
<tr>
<td valign="top" width="72">
2001
</td>
<td valign="top" width="98">
381
</td>
<td valign="top" width="140">
$650,971,860
</td>
<td valign="top" width="307">
$1,708,588
</td>
</tr>
<tr>
<td valign="top" width="72">
2002
</td>
<td valign="top" width="98">
408
 
</td>
<td valign="top" width="140">
Could not use these figures as they are 3 times the average
</td>
<td valign="top" width="307">
 
</td>
</tr>
<tr>
<td valign="top" width="72">
2003
</td>
<td valign="top" width="98">
371
</td>
<td valign="top" width="140">
$842,768,432
</td>
<td valign="top" width="307">
$2,271,613
</td>
</tr>
<tr>
<td valign="top" width="72">
2004
</td>
<td valign="top" width="98">
307
</td>
<td valign="top" width="140">
$653,170,490
</td>
<td valign="top" width="307">
$2,127,591
</td>
</tr>
<tr>
<td valign="top" width="72">
2005
</td>
<td valign="top" width="98">
304
</td>
<td valign="top" width="140">
$714,776,000
</td>
<td valign="top" width="307">
$2,351,237
</td>
</tr>
<tr>
<td valign="top" width="72">
2006
</td>
<td valign="top" width="98">
394
</td>
<td valign="top" width="140">
$965,744,130
</td>
<td valign="top" width="307">
$2,451,127
</td>
</tr>
<tr>
<td valign="top" width="72">
2007
</td>
<td valign="top" width="98">
408
</td>
<td valign="top" width="140">
$1,170,279,387
</td>
<td valign="top" width="307">
$2,868,333
</td>
</tr>
<tr>
<td valign="top" width="72">
GFC
</td>
<td valign="top" width="98">
 
</td>
<td valign="top" width="140">
 
</td>
<td valign="top" width="307">
 
</td>
</tr>
<tr>
<td valign="top" width="72">
2008
</td>
<td valign="top" width="98">
217
</td>
<td valign="top" width="140">
$731,805,612
</td>
<td valign="top" width="307">
$2,700,390
</td>
</tr>
<tr>
<td valign="top" width="72">
2009
</td>
<td valign="top" width="98">
306
</td>
<td valign="top" width="140">
$778,113,751
</td>
<td valign="top" width="307">
$2,542,855
</td>
</tr>
<tr>
<td valign="top" width="72">
2010
</td>
<td valign="top" width="98">
340
</td>
<td valign="top" width="140">
$932,342,149
</td>
<td valign="top" width="307">
$2,742,183
</td>
</tr>
<tr>
<td valign="top" width="72">
End of GFC
</td>
<td valign="top" width="98">
 
</td>
<td valign="top" width="140">
 
</td>
<td valign="top" width="307">
 
</td>
</tr>
<tr>
<td valign="top" width="72">
2011
</td>
<td valign="top" width="98">
285
</td>
<td valign="top" width="140">
$814,681,792
</td>
<td valign="top" width="307">
$2,868,598
</td>
</tr>
<tr>
<td valign="top" width="72">
2012
</td>
<td valign="top" width="98">
384
</td>
<td valign="top" width="140">
$1,064,397,721
</td>
<td valign="top" width="307">
$2,771,869
</td>
</tr>
<tr>
<td valign="top" width="72">
2013
</td>
<td valign="top" width="98">
373
</td>
<td valign="top" width="140">
$1,033,783,221
</td>
<td valign="top" width="307">
$2,771,537
</td>
</tr>
<tr>
<td valign="top" width="72">
2014*
</td>
<td valign="top" width="98">
196
</td>
<td valign="top" width="140">
$616,615,916
</td>
<td valign="top" width="307">
$3,146,000
</td>
</tr>
</tbody></table>
*Denotes we are two thirds of the way through the selling year and stock levels are well down on previous years – so try explaining that “bubble”?
Sources:Australian Property Monitors and RWM Research
<a href="https://www.rwm.com.au/files/2014/09/16-09-2014-11-41-51-AM.jpg"><img class="aligncenter size-full wp-image-153741" src="https://www.rwm.com.au/files/2014/09/16-09-2014-11-41-51-AM.jpg" alt="16-09-2014 11-41-51 AM" width="658" height="311"></a>
Another reason as to why we have a strong property market is that rental vacancy rates in the Sydney 0 to 10 kilometre range can’t get above 2% yet we forget that twenty years ago they sat between 3.50% and 4.00%. Back in those days landlords were offering one month’s free rent to entice tenants. It needs to be pointed out that the problem we have is on the supply side, which is why I don’t see the slightest problem with this niche market.
The problem is misinformation and yes some markets have reached unprecedented record prices, which in time as interest rates correct property values adjust accordingly based wholly on demand. The interesting part in this is when the property markets are in decline the purchasers decline too, despite the fact that the markets are what we call a buyers’ market. We are currently in a vendors’ market where the buyers are happy to pay over and above the market value.
Real estate has always been a long-term hold, so for the vast majority what prices do is not really a major concern. There are clear patterns evolving where the majority now are not trading up given from a cost basis analysis it makes more sense to renovate – which is exactly what we are seeing today. In the case of Mosman if you take the present 14 year average of yearly house sales in Mosman, we get 321, so the average number of owners selling each year equates to 6.7%. Based on that data an enormous number of house owners would have to find themselves in very serious financial trouble to see the “Mosman Bubble” burst.
Those are the cold facts.
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robertsimeon-hRNTwJyXkQ

The cold hard facts about Australia's red hot property market

<html><body>
More than 50% of the apartments Greenland’s Lucent development in North Sydney, have been sold after the project was officially launched on Friday.
This comes shortly after the opening of their display home and <a href="/expert-insights/buying/lucent-north-sydney-apartments-first-time-offered-marketing">"first time offered" marketing</a>.
There is a total of 211 apartments available at the 225 Pacific Highway development.
At the launch, there was reportedly high interest in the two bedroom, two bathroom offerings. There were 73 two bedroom offerings on offer, starting at $995,000 and ranging from 59 to 85 square metres.
Studios were available from $528,000, one bedrooms from $681,000 (with a study pushes the price to $805,000) and three bedroom apartments were priced at $1,750,000.
In total, a 50% owner occupier rate was recorded.
The apartment tower spans 17 levels and includes views of the city.
<a href="https://www.lucentnorthsydney.com.au" target="_blank">Lucent</a> is expected to be completed in the second quarter of 2016.
</body></html>

Greenland’s Lucent, North Sydney development sells over 50% on launch

<html><body>
A preliminary weighted average clearance rate of 69.2% was recorded this week across capital cities compared to 72.3% last week and 73.1% this time last year.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/09/20140929-Capital-city.jpg" rel="wp-prettyPhoto[g3739]"><img class="aligncenter size-large wp-image-3740" src="https://blog.rpdata.com/wp-content/uploads/2014/09/20140929-Capital-city-580x428.jpg" alt="RP Data auction review | Capital cities" width="580" height="428"></a>
The capital cities auction market has clearly lifted since winter, primarily due to strong demand in Sydney and to a lessor extent Melbourne.
In Sydney a preliminary clearance rate of 76.9% was recorded compared to 78.4% last week. Volumes continue to rise and are expected to double the lows of winter soon thereby increasing choice for buyers.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/09/20140929-Sydney.jpg" rel="wp-prettyPhoto[g3739]"><img class="aligncenter size-large wp-image-3741" src="https://blog.rpdata.com/wp-content/uploads/2014/09/20140929-Sydney-580x380.jpg" alt="RP Data auction review | Sydney" width="580" height="380"></a>
In Melbourne there was a preliminary clearance rate of 69.3% recorded compared to 73.4% last week. Spring has started strongly but it is worth noting that due to significant rises in stock levels the auction market shifted towards buyers this time last year after the Grand Final.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/09/20140929-Melbourne.jpg" rel="wp-prettyPhoto[g3739]"><img class="aligncenter size-large wp-image-3742" src="https://blog.rpdata.com/wp-content/uploads/2014/09/20140929-Melbourne-580x382.jpg" alt="RP Data auction review | Melbourne" width="580" height="382"></a>
In Brisbane a preliminary clearance rate of 41.4% was recorded compared to 48.2% last week. The low clearance rate compared to the larger capital cities masks the improvement, a 75% rise in homes sold at auction, compared to two years ago.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/09/20140929-Brisbane.jpg" rel="wp-prettyPhoto[g3739]"><img class="aligncenter size-large wp-image-3743" src="https://blog.rpdata.com/wp-content/uploads/2014/09/20140929-Brisbane-580x386.jpg" alt="RP Data auction review | Brisbane" width="580" height="386"></a>
Adelaide recorded a clearance rate of 69.1% compared to 64.3% last week.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/09/20140929-Adelaide.jpg" rel="wp-prettyPhoto[g3739]"><img class="aligncenter size-large wp-image-3744" src="https://blog.rpdata.com/wp-content/uploads/2014/09/20140929-Adelaide-580x382.jpg" alt="RP Data auction review | Adelaide" width="580" height="382"></a>
In Canberra a clearance rate of 57.8% was recorded and in Perth there was a clearance rate of 52%.
</body></html>

rlarocca-zWhvjay44N

National clearance rate of 69.2%: RP Data's auction wrap

<html><body>
Offshore marketing of Melbourne's tallest building, Australia 108, on Southbank Boulevard, is underway through Knight Frank Singapore.
At 319 metres it will be the tallest block in the southern hemisphere.
<a href="https://propertybuyer.sg/australia-108-70-southbank-boulevard/" target="_blank">There will be 1,105 apartments in the complex</a>, located up to its 100th level.
Property Observer understands it has a 2019 estimated completed date.
<img src="/images/stories/2012/11/australia108.jpg">
Singaporean developer Aspial bought the Australia 108 site in Southbank which has building approvals from the Victorian Planning Minister Matthew Guy.
They paid $42.3 million in January for 70 Southbank Boulevard with its permit for 312-metre tower design by architects Fender Katsalidis. 
The southern hemisphere’s tallest building, Australia 108 will stand at 319 metres — 25 metres higher than the Eureka Tower.
<div>
The name stems from a previous mooted incarnation when it was set to be 108 stories high.
Aspial began as a single-store jeweller in 1970 to become a major retailer, financial services business and property group.
<img src="/images/2014/09/23/australia-108-sept-23-one.png" alt="">
<img src="/images/2014/09/23/australia-108-sept-23-two.png" alt="">
<img src="/images/2014/09/23/australia-108-sept-23-four.png" alt="">
 PS The Knight Frank website pages soliciting registrations have been removed <a href="/expert-insights/buying/rogue-marketing-claims-in-offshore-australia-108-registrations">in the wake of claims they had no authority</a>.
</div>
</body></html>

jchancellor-FAypfDUnLy

Southbank's Australia 108 marketing underway offshore through Knight Frank Singapore

<html><body>
Restaurateur Peter Kuruvita and his wife Karen sold their Zetland terrace ahead of its weekend auction.
It was listed given their recent move to Queensland opening the Noosa Beach House Peter Kuruvita.
Kuruvita bought the Portman Street terrace for $715,000 in 2004, around the time he opened his Flying Fish restaurant.
The renovated three bedroom had been tipped to fetch more than $1.25 million through <a href="https://www.mcgrath.com.au/buy/house-zetland-nsw-2017/235500/?searchID=42890637" target="_blank">McGrath agent Ben Forsyth</a>.
Title Tattle gathers around $1,325,000 was secured.
Sydney’s early spring home auction market continues to strengthen recording a 83.9% initial clearance rate, the highest recorded since February. The revised APM weekend rate sat above 80% for the second weekend.
Some 621 properties were listed to go under the hammer on Saturday which was well ahead of the 570 auctioned the weekend before and the 565 auctioned over the same weekend a year ago.
"Sydney is set to host over 2,400 auctions this September which will be an all-time record for the month and considerably higher than last September when 2003 homes went under the hammer," APM's senior economist Dr Andrew Wilson said.
</body></html>

Sydney's auction heat as chef Peter Kuruvita sells Zetland home pre-auction

<html><body>
A former Brighton home of retired cricketer Shane Warne was passed in on a vendor bid of $5.1 million at weekend auction.
Brighton's most famous residents, Shane Warne and Simone Callahan called <a href="https://www.realestateview.com.au/Real-Estate/102-esplanade-brighton/Property-Details-buy-residential-7552982" target="_blank">102 The Esplanade</a> (pictured above) home four four years until sold for $2.61 million in 2000.
It last sold nine years ago for $3.85 million when bought by the current vendors.
Nick Johnstone Real Estate had the lavish five-bedroom house listed in conjunction with Buxton with $5 million plus hopes.
The highest priced notified Melbourne sale of the past week was $3,525,000 when <a href="https://www.realestateview.com.au/Real-Estate/1a-rose-street-brighton/Property-Details-buy-residential-7519400" target="_blank">1A Rose Street, Brighton</a> (pictured below), a bakery warehouse style offering, sold late last week through hockingstuart.
<img src="/images/2014/09/22/brighotn%20sept%2022%20two.jpg" alt="">
The REIV reported a clearance rate of 75% was recorded on the weekend compared to 73% last weekend and 78% this weekend last year.
There were 894 auctions reported to the REIV this weekend, with 104 passed in on a vendor bid, Enzo Raimondo, the REIV chief said.
The Warne's bought the home, which comes with ocean views, for $902,000 in 1996.
The Warne's bought from the Goldstein family and sold in 2000 to Morry Fraid when they moved to Middle Crescent, Brighton which was bought for about $3.5 million in 2000 and sold for about $8.75 million seven years later.
It is understood that both Shane and Simone still reside in Brighton.
In February this year Simone spent $2.6 million on her abode.
<a href="/news/successful-sales-spin-secures-shane-warnes-brighton-mansion-sale">Shane sold Kilkerran</a> with downsizing plans to another Brighton house, although the reported $4 million sale has yet to be registered.
His historic four bedroom house, Kilkerran, which sits on a 2,202 square metre estate, fetched $10.85 million. 
</body></html>

Former Warne house remains for sale, while Brighton bakery warehouse tops results

<html><body>
The historic Victorian childhood home of Ned Kelly sold after weekend auction for $640,000.
It comes with bluestone heritage listed cottage on a 3.5 acre block of land with a second Federation-style home which was built in the back yard since its last sale in 1999 at around $95,000.
Andrew Bellino and Rocco Di Battista, <a href="https://raywhitecraigieburn.com.au/vic/beveridge/1184770/" target="_blank">at Ray White Craigieburn</a>, had the offering at 44 Kelly Street Beveridge.
Located 40 kms from Melbourne, it has long been on Ned Kelly historical trail on the way to Glenrowan.
He says the cottage remains in its original condition. 
The boyhood house of Ned Kelly was built by his father in 1859, four years after his birth. According to Heritage Victoria, his brothers, Jim and Dan, and sister, Kate, were probably born there.
The house was added to the Victorian Register of Historic Buildings in 1992 with its design unusual in Victoria showing the Irish heritage of its builder. 
Property Observer gathers the buyers were a family from nearby Craigieburn who might seek other parties to pay for its refurbishment.
The preservation of Kelly Cottage had been flagged by the National Trust of Victoria chief executive Martin Purslow who told AAP.
'It's not necessary for the National Trust to own these buildings to look after them."'
Donations can be made online at <a href="https://www.nationaltrust.org.au/vic/Savenedkellyshouse" target="_blank">www.savenedkellyshouse.com.au</a>.
Image courtesy of Wikimedia Commons.
 
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Bushranger Ned Kelly's Beveridge childhood home sold

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A crumbling 1850s Victorian-era cottage in Balmain fetched $2.68 million at auction this morning. There were five bidders for the uninhabitable offering.
The much-publicised two-bedroom, 452-square metre offering at 3 James Lane, Balmain East boasts harbour views through the backyard jungle.
It last sold for $33,500 in 1973, according to research by Property Observer, when bought by the late noted gay lecturer Alexander (Lex) Watson. The price reflected 11% annual growth over the 41 years.
<img class="loading" src="https://bllpbmn.com.au/lt-100-100P4226-2114486844-rsc.jpg" alt="loading">
It sold today to a local family though <a href="https://www.belleproperty.com/41P0963" target="_blank">listing agent Lynsey Kemp, of Belle Property Balmain</a>.
Marketed as an exciting proposition, the 1854 house is positioned in a no-through lane with an expansive rear yard providing direct access to the waterfront via Thornton Park.
Bidding began at $1.8 million. There were 18 contracts issued before the onsite auction.
<img class="loading" src="https://bllpbmn.com.au/lt-100-100P4226-2114497229-rsc.jpg" alt="loading">
Balmain East's average house price is $2 million <a href="/news">according to RP Data</a>. The property was marketed as "an incredible location with water and harbour bridge views, large land size, potential to re-build."
It is listed as being locally significant under the council heritage plan. 
<img class="loading" src="https://bllpbmn.com.au/lt-100-100P4226-2114486080-rsc.jpg" alt="loading">
Lex Watson was born in Perth in 1943, educated at Perth Modern School, and began an arts degree at the University of Western Australia, before transferring to the University of Sydney to complete his honours year in 1963. 
His early subjects included philosophy, which introduced him to the writings of Stuart Mill. 
Lex remained at the University of Sydney all his working life, tutoring and teaching Australian politics. 
He had a long involvement in the Pride History Group, Sydney’s gay and lesbian history group, and was president when he died in May this year. 
Another weekend Belle sale on the Balmain peninsula was when 10 Reynolds St, Balmain sold for $1,363,000. It was $113,000 over reserve, according to the auctioneer Rocky Bartolotto, from Auction Services. The bidding opened at $1,150,000 with four parties taking part in the bidding before an investor secured the property through Lynsey Kemp. 
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Uninhabitable crumbling 1850s Balmain East cottage secures $2.68 million price

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Whenever anyone needs to know information, it’s likely they head to the internet first.
For novice investors or first home buyers, it can be daunting to come in with little knowledge and needing to start afresh with your research.
We’re always suggesting searching the web and educating yourself first. But where to start?
Property Observer has compiled 10 websites for new buyers to consider:
<ol>
<li>
<a href="https://www.firsthome.gov.au/" target="_blank" style="line-height: 1.3em;">FHOG Online </a>This is a simple website that is incredible useful for Australian first home buyers. Providing a simple drop down box listing each state and territory, clicking one of these will take you to your location’s relevant government branch in charge of first home owner’s grant. For instance, in Victoria this is the State Revenue Office. Each of the websites you are navigated to includes information on grants, how to apply and the concessions that may be available around stamp duty and other costs. 
</li>
<li>
<a href="https://%20http:/realestateview.com.au" target="_blank" style="line-height: 1.3em;">realestateVIEW </a>If you're looking for your first home, you're no doubt familiar with the "buy" section of many different listing websites. The oft-neglected "sold" section as just as important - there, you can get a more realistic idea of how much your dollar can buy (rather than going by the sometimes optimistic price guides attached to homes on the market). There are more than a few listing websites out there, including realestate.com.au, Homely and other state-specific sites. 
</li>
<li>
<a href="https://www.moneysmart.gov.au/managing-your-money/managing-debts/trouble-with-debt/hardship-threshold" target="_blank" style="line-height: 1.3em;">Money Smart </a>Run by the Australian Securities and Investments Commission (ASIC), Money Smart is a really simple to use site that covers everything to do with your financial health. With informative articles on what to do if you’re struggling with your mortgage, how to invest in shares, and even how to choose travel insurance – it’s basically your handbook to staying financially savvy. Their property section isn’t anything to sniff at either. There’s a whole load of information about buying a home and what to expect, as well as investing in property, and you’ll hear from voices you’re likely familiar with already such as Barefoot Investor Scott Pape. There’s also tips on spotting a scam, and guides on getting through major life events, such as having a baby. 
</li>
<li>
<a href="https://home.id.com.au/" target="_blank" style="line-height: 1.3em;">.id (The population experts) </a>Providing information to many local government bodies across Australia, .id (which stands, appropriately, for Informed Decisions) is a one stop shop for demographic information about the suburb you’re considering, from migration statistics, to who actually lives there, and even economic profiles for each individual area. With beautifully presented maps, the latest Census data and forecasts of how the populations are changing, if you want to know about an area, and the areas that will grow, then this is where you should be looking. 
</li>
<li>
<a href="https://www.moneysmart.gov.au/tools-and-resources/calculators-and-apps/mortgage-calculator" target="_blank" style="line-height: 1.3em;">Mortgage repayment calculators </a>If you think you're ready to buy a house just because you've saved up a deposit, think again. Once you've committed to purchasing a home, you'll have to make mortgage repayments. To get an idea of how much you can expect to pay, most lenders offer calculators where you can input your deposit size, income, household size and monthly expenditure. 
</li>
<li>
<a href="https://www.myrpdata.com/" target="_blank" style="line-height: 1.3em;">Data providers </a>To help you in your search, there are multiple data houses that offer free market information, including suburb medians (to give you an indication of what a house in a certain suburb will cost), vacancy rates (to tell you whether the area's in demand with tenants) and how much previous owners have paid for particular homes. Big data providers include the Australian Bureau of Statistics, SQM Research, RP Data and Residex. 
</li>
<li>
<a href="https://www.asic.gov.au/" target="_blank" style="line-height: 1.3em;">Regulatory bodies </a>State departments of Fair Trading or Consumer Affairs exist to provide you with information about products, businesses, providers and service-people. If you're contracting a builder, using an agent or engaging any third party in the search for your home, it's not a bad idea to search for their name on a Fair Trading website or the ASIC website. If they've done something dodgy enough to warrant a warning to consumers from a regulatory body, you'll know to steer clear. <a href="https://propertycalculator.net" target="_blank" style="line-height: 1.3em;"></a>
</li>
<li>
<a href="https://propertycalculator.net" target="_blank" style="line-height: 1.3em;">Property Calculator </a>Do you want to know rental yields, cash flow, return on investment and a number of other figures quickly, easily and in one place? Property Calculator is the tool for you. It’s simple, a basic layout, and does what it says on the box without any complicated embellishments. 
</li>
<li>
<a href="https://www.houzz.com.au/?irb=1" target="_blank" style="line-height: 1.3em;">Houzz </a>If you love design or The Block, or perhaps you’re just looking for some interior inspiration for your new pad, Houzz is the place for you. With design ideas from top creative thinkers, articles, and all the lust-worthy property pictures you can imagine, it also offers you the ability to keep things in albums, much like Pinterest. You can keep different room styles and storage plans for later reference in your “Ideabooks” as well as ask for advice. It’s all a bit beautiful. 
</li>
<li>
<a href="https://realas.com/home/" target="_blank" style="line-height: 1.3em;">realAs </a>The newly launched app realAs promises to predict the ultimate selling price of homes currently on the market. While the young venture still needs some time to prove itself, making 64% of its predictions within 5% of the end sale price isn't a bad start. If the online valuation tool is as accurate as it claims to be, it could end up saving you a lot of time and help you get a better idea of how far you can stretch your budget.
</li>
</ol>
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