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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Blue Star Group is using a new bespoke augmented reality marketing campaign to market Caxton Property Group’s Chapman Green development in Sydney’s Beecroft.
On <a href="https://chapmangreen.com.au" target="_blank">1-5 Chapman Avenue, Beecroft</a>, the new development offers one, two and three bedroom apartments 200 metres from Beecroft train station. Penthouse apartments with views to the city are also available.
However, buyers now have the ability to experience the upcoming apartments in a new way through a Chapman 4D application, which can be downloaded on iTunes and Google Play.
Blue Star Interactive head David Francis said that the communications future is all about 4D and immersive technology. 
“As the only Australian company that offers an end-to-end augmented reality production solution, Blue Star Group is excited to be pioneering this technology in the property space,” he said.
“3D has long been claimed as a cinematic tool where viewing is enhanced through eyewear that slightly offsets your depth perception. 4D is another level, unbounded by screens. Using mobile devices - and wearables in the near future - 4D literally turns the world into a stage.”
Francis said that they see this technology becoming a key component of marketing plans for Australia’s leading developers and property marketers, and is a powerful tool for informing remote or overseas buyers as they can see the full model from their own location.
It also, however, provides insights into how users behave – including which apartments are being looked at, how long they looked at it for and their geolocation, that build records to inform marketing efforts. 
Property Observer downloaded the free app and decided to give it a spin. The premise sees property buyers pointing their tablet at brochures, press advertisements and marketing collateral around the project. This is then supposed to bring you into a virtual world where specific apartments can be viewed interactively with sound effects and views.
The app is a collaboration between Blue Star Group, McGrath Real Estate and Caxton Property Group. It’s 83.1 megabytes and requires IOS 6.0 or later.
From the office, we <a href="https://www.bluestarinteractive.com.au/CHAPMAN_SAMPLE.pdf%20" target="_blank">downloaded the Chapman Green sample brochure</a>, which was very quickly recognized by the application, with the iPad held landscape. You are then asked to be patient as the virtual world loads, and are given a marketing video of the project to watch in the meantime. Unfortunately, the application crashed as the app tried to load the virtual world and continued to do so. Checking for latest software updates, reducing the amount stored on the device and uninstalling the app and re-installing, this yielded no better result.
Property Observer is keen to know if anyone else has had more luck.
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The 4D age of property hunting: Chapman Green, Beecroft

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With plans for a three-level penthouse to top off the proposed Crown Sydney hotel and casino at Barangaroo, Sydney might soon join New York, London and Hong Kong in the $100 million penthouse club.
The proposed Crown penthouse would occupy the top three levels of the 69 storey complex, possibly appealing to local or international billionaires keen to capture what could be Sydney’s ultimate address.
But while this penthouse comes with an impressive price tag, it’s not that much of a rarity and surprisingly global buyers are well catered for in this heady price bracket. 
A penthouse in the very ritzy London suburb of Knightsbridge <a href="https://www.theguardian.com/uk/2011/apr/16/knightsbridge-flat-sold-for-136m" target="_blank">sold recently for about AU$255 million</a> – in London’s red-hot property market the unfurnished penthouse of 1,500 square metres has views towards Hyde Park and Harrods department store.
Meanwhile, <a href="https://www.bloomberg.com/news/2014-06-02/nyc-woolworth-tower-condo-priced-at-record-110-million" target="_blank">in New York there’s a US$100 million penthouse</a> in a re-vamp of the top levels of the famous Woolworth Building. The seven-level home has captured the imagination of New Yorkers occupying the landmark tower’s top floors with three bedrooms, a double-height great room, a private elevator, and a library in the observation deck. To be marketed as “The Pinnacle”, the asking price equates to what looks like a modest US$11,700 per square foot.
The penthouse is one of 34 apartments in the Woolworth Building’s re-vamp with a total anticipated gross of US$444 million. Apart from the US$110 million penthouse, there are three other apartments with US$20 – $28 million plus price tags. One other at US$15 million and five apartments at what looks like a modest US$5 million.
“The Pinnacle” will span 9,400 square feet with just under 500 square feet of outdoor space and the US$110 million price will be a record for Downtown New York and one of the priciest listings ever to hit the city.
If you are feeling a little left out of the $100 million club, then it’s comforting to know that prices will start at just US$3.9 million for a 1,290-square-foot toe hold on the 44th floor of this iconic building. Speculating about Crown’s possible plans for the more modest apartments in it’s Barangaroo building, Sydney might well eclipse these prices – and so admit mere mortals.
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Sydney may be about to join the $100 million penthouse club

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GUEST OBSERVATION
Was it a case of one strike, two strikes and three strikes you’re out? Or was it a well planned and orchestrated auction campaign?
The agent and auctioneer would lead us to believe it was all planned. Perhaps not the weather, but some agents do believe this is in their control nonetheless.
The opportunity to own a prestigious 900 square metre plus block of land and one that sits on the right side of the road, went to market this weekend. It was the side of the road zoned to the Parramatta council, which has a reputation for being friendly towards development applications. First time on offer and a home built by a master builder himself, was the auctioneer’s pitch.
However, it did come with a surprise.
In this case, the surprise was disclosed to all attendees prior to auction. The gentlemen that once owned the property, peacefully passed away in the home.
From talking to the neighbours and other locals, he was a well know gentleman.
The facts
It is Father’s Day. It is Sunday. The owner had passed away in the home and this deterred many emotional and superstitious buyers.
To top it off, the day was overcast, but in all this, the crowd was filled with known developers and new ones wanting to make their mark.
The auctioneer
The auctioneer Peter Baldwin believed that the campaign was well organised and for the following reasons it made sense to offer the property on Father’s Day. It was a four week campaign and with the demand for this type of property, it made sense to have the auction on this day, he said. It gave time for people to do everything else on the Saturday and attend the auction on the Sunday with less hassles.
At the commencement of the sale, Baldwin even referred that this could well be the best Father’s Day gift for the lucky buyer. Baldwin, when asked what the expectations would be, he noted $900,000 - $1,000,000 as the price guide, and that he would be extremely happy above the $1,000,000 mark. He was also well aware the target market was developers.
The Agent
Conor Arnold from the Professionals, concurred with the auctioneers to the reasons behind the sale taking place on the Sunday. He further added, the property was in a prime location and they were looking for the developers that would not be influenced by the deceased passing away in the home, nor deterred by any other circumstance, such as a Sunday auction.
Conor was very clear and did inform all attendees that viewed the home during the campaign, of the conditions surrounding the sale. Could this have been the main reason why there were few Asian parties registered to bid? This was a question put to Conor. In response, Conor went on to emphasise the development interest of the block and the target audience.
Background and Observations
 
<ol>
<li>
I was made aware of this auction and the conditions by a developer that I knew and would be attending. He believed the home price will fall just above and not within the price guide given to him by the agent. At the million and even $1.1 million price, it was an attractive development proposition for him. The developer commented on the possibility of the home going at a reasonable price due to the surrounding circumstances that would keep Asian buyers away. It would be developers fighting it out toe to toe without the overzealous mix of buyers adding fuel to the competition. 
</li>
<li>The agent in this case went the extra mile in the presentation and the preparation of the home. Was he trying to entice the emotional buyer even still, although the real targets were the developers? I believe he was, and I can say, good on him for presenting the property in the manner it was presented in. Great job. </li>
<li>It is my personal opinion that the property was never worth under the million, regardless of the circumstance surrounding the sale. From when I was made aware of the sale I told my developer friend; forget what you have heard and have been told, the property will sell for between $1,150,000 - $1,200,000.</li>
</ol>
 
We spoke to an architect, who believed that two detached, four bedroom homes with double lock up garages could be built on the block. Each alone would sell for $1,200,000 respectfully.
Who bought the home?
It was interesting to note that the successful bidder was the next door neighbour. An Asian family that have made offers on other homes adjoining to this home and theirs.
What will they do with this home? They did not disclose what their intention was, but one of the neighbours told our crew an offer was made on his property two doors up for $1,300,000-$1,400,000 but he has since refused the offer. He said however, that he will sell at the two million dollar mark. Wishful thinking? If you base it on landbanking options for future development maybe not.
It is interesting to note that developers come in all shapes and forms and not all Asian families are deterred, nor superstitious, about what happened in a home. Perhaps at the right price, we all forget superstition and religion. It is interesting to also note that the neighbour from two doors up had been made an offer by the purchaser and this is at $200,000 more than what they just paid for the current property. 
{qtube vid:=vXEX-mzV6A8}
EDWIN ALMEIDA is managing partner and licensee-in-charge of <a href="https://www.just-think.com.au/" target="_blank" rel="nofollow">Just Think Real Estate</a>.
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ealmedia-arK4DBYLjS

A deceased estate with development potential: How did its Father's Day auction turn out?

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Located five kilometres south-east from Melbourne's CBD, Prahran has long played second fiddle to its neighbour, South Yarra. But it looks as though the suburb is coming into its own.
The difficult-to-pronounce suburb has a mix of medium to high density housing, including public housing estates, Victorian and Edwardian terrace homes.
However, it's Prahran's new unit market that is particularly interesting, says Australian Property Monitors senior economist Andrew Wilson, especially when considering development in Melbourne's CBD.
"We've certainly got a forest of highrises in the city - you don't have to be a rocket scientist to work out that supply is perhaps ahead of demand at this point," Wilson says.
"But there's plenty of demand rising in the inner suburban high rise market, from Brunswick and moving in an arc all the way to Port Melbourne," he notes. "Prahran is part of that epicenter."
While apartment stock in Melbourne's CBD may have outpaced demand, Wilson does not believe the same is the case in Prahran. 
"Units have been a bit flat in Melbourne, but the Prahran area is becoming more popular," he explains. "I would expect that to continue."
According to Wilson, the area is starting to match its contemporaries in Richmond, Collingwood and Brunswick. 
"They are attracting buyers not just for affordability and proximity, amenities and a higher level of infrastructure, but also lifestyle - the feel of the nieghbourhood."
Prahran is known for its restaurants, bars and shops, particularly along Chapel Street, which runs through Prahran and its neighbours, Windsor and South Yarra. The suburb is also home to one of Melbourne's most well known gay villages, with many gay venues along Chapel Street and Commercial Road. 
"Prahran has always been the poor cousin to South Yarra," Wilson explains, "but I think it's changing because of that high density buzz". That "high density buzz" is something the producers of reality television show The Block Glasshouse are betting on, with reminders each episode that the Prahran office conversion apartments sit in a trendy and contemporary neighbourhood.
According to Wilson, the current median price for a unit in Prahran is $530,000. After a drop in demand in the latter half of 2013, he says price growth has increased in the past six months. 
This two bedroom, north facing Prahran apartment <a href="https://www.realestate.com.au/property-apartment-vic-prahran-117269623" target="_blank">recently sold</a> for $512,000. 
<img src="/images/2014/09/10/p1.jpg" alt="">
According to Wilson, Prahran's growth will be sustained by a trend towards apartment living, particularly among younger buyers looking for a smaller spatial footprint, and who don't necessarily require a backyard or large accommodation.
"Developers have a good turnover of stock in that area, particularly from younger buyers looking for affordable living," he says, though he notes that the area is becoming less affordable for some.
"I would certainly expect to see demand continue to outstrip supply - developers in that area can't get enough. It's a bit different to a couple of kilometres down the road."
Houses in Prahran may also appeal to those looking for low maintenance, small homes with a higher budget, with many cottage offerings. According to RP Data, July saw a median house price of $1,177,000 million in Prahran.
This <a href="https://www.realestate.com.au/property-house-vic-prahran-117668631" target="_blank">single fronted brick cottage</a> with two bedrooms sold for $1,175,000 last week. <img src="/images/2014/09/10/p2.jpg" alt="">
Feature photo of Chapel Street courtesy of Mat Connolley/<a class="mw-mmv-license cc-license" href="https://www.propertyobserver.com.au/https://creativecommons.org/licenses/by/2.5" target="_blank">CC BY 2.5</a>.
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Suburb spotlight: Does Prahran offer an alternative to inner city Melbourne oversupply?

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Sydney’s growth statistics, if sustained, will see the median price pushed up to above $1,000,000 in less than two years.
All eastern seaboard capital cities have seen their housing prices rise, according to the latest edition of the Bendigo Bank/REIA Real Estate Market Facts report released today.
The report, which looked at the June quarter 2014, reported a good result for eastern capitals but a far different story in Hobart and Perth.
Melbourne saw the greatest increase, with a 3.3% lift to $658,000. This was closely followed by Sydney, up 3.1% to $811,837. Notably, this is the first time Sydney has pushed past the $800,000 mark.
New South Wales retains the title as the least affordable place to buy a home – a title it has held since March 2009.
If this 3.1% growth rate was continued for Sydney, a quick calculation reveals that in seven quarters of consecutive 3.1% increases on each new figure will take the median house price to $1,005,203 (rounded to the nearest dollar).
The trend overall for Australia, however, was a 2% increase over the quarter, to $617,232, explained REIA president Peter Bushby.
“The report is good news for home owners in Melbourne, Sydney, Brisbane, Adelaide and Canberra, which all showed increases in the median house price over the last quarter,” said Bushby.
“Darwin also saw a very slight increase while house prices are down in Perth and Hobart,” he said.
“While Sydney and Melbourne house prices have received a lot of media attention lately, the report also showed solid growth for Brisbane with a quarterly increase of 2.2% seeing the median house price now at $470,000,” he said.
Adelaide and Canberra recorded increases of 0.8% and 0.9% respectively, with Darwin up 0.1%.
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Sydney will have a $1 million median in two years if current growth is sustained

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A Tudor style bedroom house in Sydney's Bellevue Hill topped RP Data's list of last week's top 10 sales.
Property developer Vera Boyarsky, of Anka Property Group, sold the family home after 15 years of ownership. The business run by Boyarsky and her son, Andrew Boyarsky, are responsible for the $200 million Union Balmain development in Rozelle, and the development of Liberty Grove.
Boyarsky's five bedroom home sold for $8.3 million through Ray White Double Bay - more than double the price of the second most expensive property sale of the week.
RP Data's top 10 sales of last week:
<a href="https://www.raywhite.com/nsw/bellevue-hill/1177444/" target="_blank"><img src="/images/2014/07/04/yellow-one.jpg" alt="" style="float: left;">  48 Kambala Road, Bellevue Hill, NSW</a> (pictured above)
The Boyarsky family residence, with five double bedrooms and five bathrooms, sits on a 923 square metre block in Bellevue Hill. The privately gated property features lawns, a heated swimming pool and a self contained guest house with a sound proof music room.
The main house has marble and timber floors, with formal and informal living and dining areas and substantial basement storage.
<a href="http:/www.barryplant.com.au/property/101360/511-belgrave-hallam-road-lysterfield/" target="_blank"><img src="/images/2014/07/04/yellow-two.jpg" alt="" style="float: left;"> 511 Belgrave-Hallam Road, Lysterfield, Vic</a>
<img src="/images/2014/09/10/b.jpg" alt="">
A seven bedroom, seven bathroom house in Melbourne's outer suburbs sold for $3.4 million at auction through Barry Plant Rowville. Set on a 23 hectare plot, the sprawling house boasts seven formal and informal living areas and three kitchens.
The property, which the listing information states once belonged to an international diplomat, also features a tennis court, pool, machinery shed, a temple and "the foundations of an 18-hole golf course".
The vendors paid $2.5 million for the home in 2004.
<a href="https://www.realestateview.com.au/Real-Estate/16-somers-avenue-malvern/Property-Details-buy-residential-7489385" target="_blank"><img src="/images/2014/07/04/yellow-three.jpg" alt="" style="float: left;">  16 Somers Avenue, Malvern, Vic</a>
<img src="/images/2014/09/10/malvern_0006_7.jpg.jpg" alt="">
The Malvern home of winemakers Jonathan and Andrea Hamer sold for $3.38 million through Marshall White Armadale this week. Jonathan Hamer paid $625,000 for the 1930s era home in 1991.
The five bedroom, three bathroom house sits on a 1,100 square metre plot. It was passed it at $3.26 million at its weekend auction, and <a href="http:/www.propertyobserver.com.au/forward-planning/advice-and-hot-topics/title-tattle/35375-malvern-trophy-home-sells-post-auction-hamer-s-dutch-gabled" target="_blank">sold after auction</a>.
<a href="https://rwdbgroup.com/nsw/rose-bay/1175816/" target="_blank"><img src="/images/2014/07/04/yellow-four.jpg" alt="" style="float: left;">  49 Dover Road, Rose Bay, NSW</a>
<img src="/images/2014/09/10/sales-sept-10-one.jpg" alt="">
This four bedroom, three bathroom house sold for $3.31 million through Ray White Double Bay. The home, sitting on a 550 square metre block, comes with a solar heated saltwater pool, with lawns and outdoor entertaining areas. The vendors purchased the house for $952,000 in 1998 from David Gazal, an executive director publicly listed apparel company Gazal.
<a href="https://www.realestate.com.au/property-house-vic-malvern+east-117678583" target="_blank"><img src="/images/2014/07/04/yellow-five.jpg" alt="" style="float: left;">  44 Clarence Street, Malvern East, Vic </a>
<img src="/images/2014/09/10/5.jpg" alt="">
Another Malvern home sold by Marshall White Armadale made it onto this week's top 10 list. 44 Clarence Street, a four bedroom, two bathroom home, sold for $3.13 million this week. The house, featuring oak floors, a full marble kitchen with butler’s pantry and gas fireplaces is accompanied by north facing gardens.
This article continues on the next page.
<hr class="system-pagebreak">
 
<a href="https://www.realestateview.com.au/Real-Estate/66-alexandra-avenue-canterbury/Property-Details-buy-residential-7470997" target="_blank"><img src="/images/2014/07/04/yellow-six.jpg" alt="" style="float: left;">  66 Alexandra Avenue, Canterbury, Vic</a>
<img src="/images/2014/09/10/f.jpg" alt="">
This two storey Canterbury home secured $3.02 million when sold htrough Marshall White Hawthorn last week. The home, built in 2004, has five bedrooms and two bathrooms. In addition to the open plan living and kitchen area, there is a separate sitting and dining room with an open fire place.
The vendors purchased the 585 square metre plot in 2003 for $820,000.
<a href="https://www.realestate.com.au/property-house-nsw-bellevue+hill-117660347" target="_blank"><img src="/images/2014/07/04/yellow-seven.jpg" alt="" style="float: left;">  24 Rivers Street, Bellevue Hill, NSW</a>
<img src="/images/2014/09/10/7.jpg" alt="">
Sotheby's International Realty Sydney sold this four bedroom, two bathroom home for $2.65 million. The single-storey house has open plan living and dining areas which open onto the sunny north-facing garden. The house was last traded in 2010 for the exact same price.
<a href="https://www.realestate.com.au/property-house-vic-malvern+east-117638475" target="_blank"></a><a href="https://www.realestate.com.au/property-house-vic-hawthorn+east-117643927" target="_blank"><img src="/images/2014/07/04/yellow-eight.jpg" alt="" style="float: left;"></a>  <a href="https://www.realestate.com.au/property-house-vic-malvern+east-117638475" target="_blank">9 Sydare Avenue, Malvern East, Vic</a>
<img src="/images/2014/09/10/8.jpg" alt="">
The third home in Melbourne's Malvern area to make the top 10 list this week is a contemporary home inspired by Bali. It sold for $2.61 million through Gary Peer and Associates Caulfield North.
The house has five bedrooms and five bathrooms, with a living and dining area, kitchen with butler's pantry and butler's kitchen, home theatre, upstairs retreat and a rumpus room. The vendors purchased the 721 square metre property for $950,000 in 2009.
<a href="https://www.realestate.com.au/property-house-vic-hawthorn+east-117643927" target="_blank"> </a><a href="https://www.realestate.com.au/property-house-nsw-strathfield-117533607" target="_blank"><img src="/images/2014/07/04/yellow-nine.jpg" alt="" style="float: left;"></a><a href="https://www.realestate.com.au/property-house-vic-hawthorn+east-117643927" target="_blank"> 1b Lingwell Road, Hawthorn East, Vic</a>
<img src="/images/2014/09/10/9.jpg" alt="">
A four bedroom, four bathroom house sold for $2.61 million through Noel Jones Camberwell. The contemporary home features distinctive polished floors throughout the living areas and the open plan kitchen, which includes an island bench and three ovens. Its master bedroom is located downstairs, with an adjacent study. Outside, there is decking and a pool and spa with its own bathroom and bar. The vendors purchased the 723 square metre site for $505,000 in 2004, before building the current home in 2008.
<a href="https://www.realestate.com.au/property-house-nsw-strathfield-117533607" target="_blank"> <img src="/images/2014/07/04/yellow-ten.jpg" alt="" style="float: left;"> 17 Cotswold Road, Strathfield, NSW </a>
<img src="/images/2014/09/10/10.jpg" alt="">
Located on Strathfield's "Golden Mile", this brick cottage was sold for $2.48 million through Devine Real Estate Strathfield. The three bedroom house sits on a 858 square metre block, with 20 metre frontage.
The house includes a formal lounge and a open plan kitchen and living area which overlook the backyard. Last week's sale marks the first time the home has changed hands in 72 years.
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Vera Boyarsky's 1920s Bellevue Hill Tudor trophy home the top sale of the week: RP Data

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A home at Freshwater on Sydney's northern beaches has been sold for $2.2 million, reflecting land value for the 367 square metre offering.
It was listed with price expectations in the high $1 millions.
Listing agent James Smyth said that the sale reflected a record land price. 
<a href="https://www.homehound.com.au/listing/for-sale/nsw/sydney-region/northern-beaches/freshwater-northern-beaches/23-carrington-parade-freshwater-nsw-2096/" target="_blank">The original timber cottage </a>with views - south towards Manly and north to Curl Curl - last sold 103 years ago.
The 23 Carrington Parade, Freshwater was sold by executors of Rita Edwards, who passed away within weeks of her 100th birthday.
Rita’s mother-in-law bought the beachfront block in 1911 and built the house in 1913.
The Freshwater average sales period sits at around 10 years, according to RP Data.
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jchancellor-FAypfDUnLy

Freshwater $2.2 million sale after 103 years

<html><body>
Time on market stretched across much of the country during August, with the noticeable exception of the Gold Coast.
Days on market dipped to 95 days for Gold Coast private treaty offerings, according to the Domain Group's Australian Property Monitors.
Brisbane days on market jumped back to 110 days.
 <img src="/images/2014/09/03/apm-chart-sept-3-one.jpg" alt="">
 
The required discount to secure a sale remained the lowest in Sydney at 4.9%.
The rat of the cities sat within a very tight 6% to 6.2% range.
 
<img src="/images/2014/09/03/apm-chart-sept-3-two.jpg" alt="">
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Gold Coast residential property market improvement continues: APM 

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<div class="story-intro">
A Brisbane buyer has spent around $5 million on an off the plan Byron Bay apartment which they will relocate into.
It is a four-bedroom, 405 square metre penthouse at the Fortyfive Lawson complex.
Flight Centre co-founder Jim Goldburg is developing the complex, which was listed last November with apartments priced from $3 million to $6 million.
The apartments are the first major development in the coastal <a href="/news">Byron Bay</a> for 20 years.
Goldburg bought 45-47 Lawson Street for $12.85 million in 2005 through his company Friday Investments Group, from Gold Coast-based developer Graeme Juniper.
The site then housed the old Holiday Inn motel.
The nine residences range in size from 163 square metre to 410 square metre, with four single level apartments, three two level apartments and two penthouses.
Fortyfive Lawson project director Steve Girdis initially said completion was due by early 2015, but is now expected before Christmas 2015.
<a href="https://www.realestate.com.au/property-apartment-nsw-byron+bay-117128027" target="_blank">The previous record apartment sale in Byron Bay was $2.65 million</a> in 2007, just before the global financial crisis.
</div>
Five of the nine apartments have sold off-the-plan, with sales totalling $19 million through marketing agent Graham Dunn of Bryon Bay Property Sales.
The remaining penthouse has $4.5 million hopes.
The complex comes with private pools, stone fireplaces, under-floor heating and European appliances.
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Record Byron Bay penthouse sells for $5 million

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An analysis of 22 auction offerings across Sydney on the first weekend in September indicated that there was an 13% gap between the price guidance and the eventual higher sale price.
<div class="detailText">The sales ranged from one result which was just 2% over the price guide in Randwick to one sale that fetched 38% than the initial price guidance in Hurstville.</div>
<div class="detailText"> </div>
<div class="detailText">During the prior August weekends the Property Observer analysis reflected average gaps of between 11% and 18%.</div>
The sales on the first Saturday of spring included a Green Valley offering that was offered with $480,000 plus hopes and sold at $545,000.
The median house price in Green Valley sits at a record $515,500, <a href="/news">according to RP Data</a>. Green Valley began 2013 with a $435,000 median house price.
The price growth has eclipsed the suburb's median annual household income based on the 2011 census which had it at $1391 per week.
Green Valley, set near Liverpool about 32 kms from Sydney was high on the national consciousness when its most famous son, Mark Latham was the Federal leader of the opposition.
  
<table border="1" cellpadding="0">
<thead><tr>
<td>
Address
</td>
<td>
Suburb
</td>
</tr></thead>
<tbody>
<tr>
<td>
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house-miranda-nsw-2228/234195" target="_blank">6 Nyngan Place</a>
</td>
<td>
MIRANDA
</td>
<td>
Over $760,000 SOLD $884,000
</td>
</tr>
<tr>
<td>
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house-south-coogee-nsw-2034/233967" target="_blank">1 Lomandra Place</a>
</td>
<td>
SOUTH COOGEE
</td>
<td>
$1,150,000 SOLD $1.306m
</td>
</tr>
<tr>
<td>
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/apartment-sans-souci-nsw-2219/231535" target="_blank">1/114 The Promenade</a>
</td>
<td>
SANS SOUCI
</td>
<td>
Over $500,000 SOLD $586,000
</td>
</tr>
<tr>
<td>
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/apartment-north-sydney-nsw-2060/230473" target="_blank">807/26 Napier Street</a>
</td>
<td>
NORTH SYDNEY
</td>
<td>
Over $740,000 SOLD $790,000
</td>
</tr>
<tr>
<td>
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/apartment-hurstville-nsw-2220/235393" target="_blank">12/61 Wright Street</a>
</td>
<td>
HURSTVILLE
</td>
<td>
Over $590,000 SOLD $820,000
</td>
</tr>
<tr>
<td>
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/apartment-st-leonards-nsw-2065/234682" target="_blank">1302/2 Atchison Street</a>
</td>
<td>
ST LEONARDS
</td>
<td>
Over $720,000 SOLD $785,000
</td>
</tr>
<tr>
<td>
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/apartment-earlwood-nsw-2206/233379" target="_blank">8/154 Homer Street</a>
</td>
<td>
EARLWOOD
</td>
<td>
Over $525,000 SOLD $630,000
</td>
</tr>
<tr>
<td>
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/apartment-alexandria-nsw-2015/234805" target="_blank">35/362 Mitchell Road</a>
</td>
<td>
ALEXANDRIA
</td>
<td>
Over $600,000 SOLD $660,000
</td>
</tr>
<tr>
<td>
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/apartment-balmain-nsw-2041/232681" target="_blank">203/22 Colgate Avenue</a>
</td>
<td>
BALMAIN
</td>
<td>
Over $1,600,000 SOLD $1.823m
</td>
</tr>
<tr>
<td>
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/townhouse-mosman-nsw-2088/235617" target="_blank">1/94 Muston Street</a>
</td>
<td>
MOSMAN
</td>
<td>
Over $1,300,000 SOLD $1.375m
</td>
</tr>
<tr>
<td>
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/apartment-randwick-nsw-2031/235127" target="_blank">9/27 Prince Street</a>
</td>
<td>
RANDWICK
</td>
<td>
Over $700,000 SOLD $717,500
</td>
</tr>
<tr>
<td>
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/apartment-hunters-hill-nsw-2110/234809" target="_blank">17/61 Ryde Road</a>
</td>
<td>
HUNTERS HILL
</td>
<td>
Over $600,000 SOLD $631,000
</td>
</tr>
<tr>
<td>
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house-illawong-nsw-2234/234694" target="_blank">7 Stow Place</a>
</td>
<td>
ILLAWONG
</td>
<td>
Over $730,000 SOLD $760,000
</td>
</tr>
<tr>
<td>
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house-normanhurst-nsw-2076/222062" target="_blank">3 Cypress Street</a>
</td>
<td>
NORMANHURST
</td>
<td>
Over $990,000 SOLD $1.26m
</td>
</tr>
<tr>
<td>
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/apartment-rockdale-nsw-2216/235364" target="_blank">5/2 Hayburn Avenue</a>
</td>
<td>
ROCKDALE
</td>
<td>
Over $500,000 SOLD $545,000
</td>
</tr>
<tr>
<td>
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house-alexandria-nsw-2015/209204" target="_blank">60 Suttor Street</a>
</td>
<td>
ALEXANDRIA
</td>
<td>
Over $900,000 SOLD $1.02m
</td>
</tr>
<tr>
<td>
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house-waverley-nsw-2024/232088" target="_blank">28 Langlee Avenue</a>
</td>
<td>
WAVERLEY
</td>
<td>
Over $1,450,000 SOLD $1.55m
</td>
</tr>
<tr>
<td>
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house-gladesville-nsw-2111/233542" target="_blank">11 Westminster Road</a>
</td>
<td>
GLADESVILLE
</td>
<td>
Over $1,600,000 SOLD $1.705m
</td>
</tr>
<tr>
<td>
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house-green-valley-nsw-2168/227247" target="_blank">29 Biloolo Road</a>
</td>
<td>
GREEN VALLEY
</td>
<td>
Over $480,000 SOLD $545,000
</td>
</tr>
<tr>
<td>
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house-wahroonga-nsw-2076/235348" target="_blank">1A Collings Street</a>
</td>
<td>
WAHROONGA
</td>
<td>
Over $900,000 SOLD $1.013m
</td>
</tr>
<tr>
<td>
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house-manly-nsw-2095/231093" target="_blank">49 Pine Street</a>
</td>
<td>
MANLY
</td>
<td>
Over $1,900,000 SOLD $2.02m
</td>
</tr>
<tr>
<td>
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/townhouse-kingsford-nsw-2032/234247" target="_blank">4/25 Harbourne Road</a>
</td>
<td>
KINGSFORD
</td>
<td>
Over $900,000 SOLD $1.043m
 
</td>
</tr>
</tbody>
</table>
</body></html>

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