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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Building and pest inspections may set you back a few hundred dollars, but are a crucial piece of information that can serve to be either a negotiation tool or a warning sign about the property you’ve been considering.
For those who haven’t seen many building and pest inspections, you need to be prepared. A mention of termite damage isn’t necessarily a death sentence, while smaller elements can be more worrying than you’d think. The trick is to keep a calm mind.
First things first, you need to pick a building and pest inspector. Just like every other profession, they’re not all made equal and you want to know exactly how good their services are first. You can read our <a href="/news/how-to-choose-a-building-and-pest-inspector">“how to” guide on picking a building and pest inspector here</a>. You can get the building inspection and pest inspection done separately, or opt to have one but not the other. However, it's common to have both done in one go. It is also increasingly common for inspections to be undertaken even on new builds, to ensure everything was done to standard.
For Compass Queensland building and pest inspectors, a three or four bedroom house will set you back $495. They cover the roof cavity, sub floors, fences and gardens and send in two inspectors. You are welcome to go with them, and it is often the case that you can accompany the inspectors. They will often use thermal imaging, moisture detectors and other instruments to determine if there are any issues.
Usually, the standard turnaround from booking is within 48 hours – however, you should always prepare in advance in case they are busy.
Then, when you have the report, don’t be taken aback.
“When the report arrives, it’s usually around 30 pages long and for first-time readers, can completely shock and turn them off a property,” explains Jo Chivers.
It will include information about the internals and externals of the property, and most likely will include photographs. Some include videos as well, and some are presented entirely in digital form (usually preferred).
“The report contains a lot of information that the inspector needs to explain and also to include in order to “cover” himself.  It’s his job to point out all the things wrong with the house, but then it’s our job to sift through the data and explain to our clients what we believe to be acceptable or common in houses in this particular area and of this particular age," Chivers explains in her observer column about <a href="/expert-insights/building/how-to-read-between-the-lines-of-a-pest-and-building-report-jo-chivers">understanding the inspection process.</a>
Usually, the first page will give you an idea of the overall condition and how this lines up with other properties locally (this is why it can be beneficial to use a local building inspector).
While the building and pest inspectors are legally required to meet thorough inspection standards, their reports often come with a number of clauses, terms and conditions to avoid potential lawsuits in the future. This is now standard and the inspection is no warranty or guarantee of the quality of the build.
If you don’t understand something in the report, call the inspector and ask them to go through it in detail. However, they are unable to give you advice as to whether you should still purchase.
Then it’s time to either decide that the faults identified in the report were expected or not an issue, choose to not continue with the purchase, or <a href="/expert-insights/investing/renegotiate-with-your-building-and-pest-report">look to re-negotiate the asking price based on any faults you’ve found in the inspection</a>. This is increasingly common practice.
For every defect you see noted, you need to ask yourself (or head to a builder or other professional) how much it will cost to rectify that issue. If the damage or any infestation seems excessive and leaves you concerned, it’s worth asking a few builders to quote you on the repairs. Keep these quotes as they can help in your negotiations for justifying any discount you are asking for.
It’s also interesting to note <a href="/expert-insights/investing/key-steps-for-preparing-your-house-for-a-building-inspection-michael-ferrier">how the buyers are expected to prepare for the inspection</a>, as this can give you an understanding of where issues may be hidden - and why your inspector is warning you they didn't get access to a certain area.
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How to: Navigate the building and pest inspection

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Chinese developers are making their presence increasingly felt in Australia and it doesn’t seem that they’re set to slow down.
While Sydney and Melbourne has typically been a popular spot for Chinese apartment developers, it appears that larger companies are looking far and wide across Australia’s market for opportunities.
Here are eight you should know about.
<ul>
<li>Zone Q Investments Pty Ltd</li>
</ul>
Just this week, a $70 million residential tower Pinnacle in South Perth was announced by developer Zone Q as the project that will mark their entry into the Australian market. Zone Q, whose parent company is a privately-owned group with a presence in South China’s apartment market and a focus on Shenzhen, has also earmarked two other Western Australia sites for development.
Zone Q is the Australian arm of mainland Chinese developer JiaHe JianAn Group.
This South Perth, Labouchere Road apartment project will be 20-storeys of luxury dwellings, overlooking Perth Zoo, and will include a $30 million seven-storey commercial tower with retail ground floor.
The entire development, totaling $100 million, will be complete in late-2016. It also marks the tallest tower receiving approval in the City of South Perth in 45 years.
The two lots that form the site for Pinnacle were purchase in late-2013 for $10.7 million, and will soon house the 60 two-bedroom apartments, 40 one-bedroom apartments and two three-bedroom penthouses.
<ul>
<li>Country Garden Australia</li>
</ul>
Country Garden, the Hong Kong-listed development company, has recently <a href="/expert-insights/buying/ryde-garden-debut-for-country-garden-australia">been named as one of the interested parties in purchasing Harry Triguboff’s Meriton</a>.
Country Garden are the developers behind <a href="/expert-insights/buying/strong-off-the-plan-sales-at-country-gardens-ryde-garden-project">North Ryde development Ryde Garden</a> that saw 296 sales in six hours of its launch. This was their first Australian development site, which they purchased in late-2013 for $73 million.
They're a high-end focused developer, and Ryde Garden was notable for being part of one of the biggest urban renewal projects in the history of the state.
<ul>
<li>Wanda Group and Ridong Group</li>
</ul>
The chairman of Dalian Wanda Group is Wang Jianlin – the richest man in China, and recently decided to buy into a Surfers Paradise hotel development site in a joint venture of the $1 billion project.
Known as the Jewel development, it includes 1.13 hectares, set to span three-towers and covers 110 metres of beachfront.
We’ve put Ridong Group in the same entry as Wanda Group as they listed the Broadbeach opportunity seeking equity partners.
Sydney has also reportedly been on the Wanda radar, and for the meantime <a href="/news/chinas-richest-man-wang-jianlin-close-to-buying-into-surfers-paradise-development-site">we’re likely to hear a lot more about Jewel, with construction to start in 2015</a> and scheduled to be completed in 2018.
<ul>
<li>Greenland Group</li>
</ul>
Launching a new North Sydney development called Lucent late next month. With a display suite opening this weekend, they’re also behind what is set to be Sydney’s tallest residential tower Greenland Centre.
Greenland Centre, at 115 Bathurst Street and 339 Pitt Street,
The new North Sydney development will include 211 apartments, from studios to three-bedroom residences. Pricing is as yet unavailable, other than studios – which will start from $528,000. The state-owned Shanghai based group is positioned 87th among the top 500 China enterprises since 1992, and has construction projects in 65 cities in 24 provinces of China.
Their aim is reportedly to enter the Fortune 200 list by 2015.
Article continues on the next page. Please click below.
<hr class="system-pagebreak">
<ul>
<li>Harman Global Holdings</li>
</ul>
This Chinese-backed group has made the list for being one of the few to offer house and land packages, with a particular focus on the north-west suburbs of Sydney, the Hills District.
An $80 million Castle Hill development and a $5 million Kellyville site have both been purchased for house and land packages.
The Australian Financial Review reports that the majority of the purchasers into these house and land estates are Chinese.
They also recently spent $33 million purchasing the Kooindah Waters Residential Golf and Spa Resort on the Central Coast, which is set to remain operating, including a hotel and house and land offerings.
<ul>
<li>Bridgehill Group</li>
</ul>
Notably more quiet with their developments, Bridgehill Group hasn’t been any less successful. With their Milsons Point, Arthur Street apartment development – which began construction in December – it was an office block that they have been converting into apartments.
More recently, they spent more than $90 million for an ex-council depot in Zetland. The intention is to built a $500 million apartment development.
They were previously the developers of Azure and Monaco at Rhodes, and are notable for the currently selling Esprit by Bridgehill in Mascot.
<ul>
<li>Starryland Australia</li>
</ul>
Fuxing Huiyu Real Estate Co Ltd, the 23rd largest publicly-listed company in China, is making waves. Their first Australian foray has been the much-publicised $550 million spend across 11 apartment towers in <a href="/expert-insights/buying/chinese-developer-taking-550-million-step-into-sydney-with-11-towers-in-parramatta">Sydney’s Parramatta through newly created Starryland Australia</a>.
Promenade Parramatta, their creation, saw the land for the development bought in September last year by Starryland after their June 2013 formation. They are, however, Melbourne-based.
<ul>
<li>Ausbao</li>
</ul>
Recently dipping their toes into the residential market, Ausbao is looking to redevelop a Sydney CBD office building into apartments at 286 Sussex Street. In June this year they lodged a development application for a 26-storey creation on the site.
The company, a subsidiary of Beijing Capital Development Holdings, are known for Chinatown’s The Quay, a mixed-use development with 270 apartments. The site had been long dormant due to the effects of the GFC.
Honourable mentions go to Marine Parade Holdings, a wholly owned subsidiary of Chinese-based Sunbano Group, for their $85 million Coolangatta development Sanbano Coolangatta, which their marketeers where calling the <a href="/expert-insights/buying/chinese-developer-creates-the-palazzo-versace-of-the-southern-gold-coast">"Palazzo Versace of the southern Gold Coast".</a>
Hengyi, an affiliate of Shandong HYI, also narrowly missed our top eight – recently bringing Light House and The William to market, although remaining quiet about their future plans.
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The eight Chinese property developers to watch emerging across Australia

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There are 689 auctions scheduled this week in Melbourne compared to 712 for the same time last year.
It is encouraging for sellers that for each of the last five weeks the clearance rate has risen in the lead up to spring.
As the market has appreciated over the past year it has resulted in some new suburbs joining the ranks of those with million dollar median values for houses. The new suburbs were <a href="/news">Aberfeldie</a>, <a href="/news">Caulfield South</a>, <a href="/news">Fitzroy North</a>, <a href="/news">McKinnon</a>, <a href="/news">Ormond</a>, <a href="/news">Park Orchards</a>, <a href="/news">Princes Hill</a>, <a href="/news">South Melbourne</a> and <a href="/news">South Yarra</a>.
This is particularly noteworthy as Aberfeldie is the first suburb from the western region of Melbourne to upgrade to the million dollar median value ranks while Fitzroy North and Princess Hill are the first in the north. These changes underscore just how much the structure of the housing market has changed in the last decade.
Time on market results for houses sold at private sale was essentially stable with a small rise from 43 to 44 days over the last week whilst vendor discounting fell from -5.3% the previous week to -5.1%.
Key data
<ul>
<li>Clearance rate week ending 17 August: 73.3%</li>
<li>Melbourne auctions expected week ending 24 August: 689</li>
<li>Melbourne private sales time on market week ending 17 August: 44 days (houses)</li>
<li>Melbourne vendor discounting market week ending 17 August: -5.1% (houses)</li>
<li>Listings being prepared for market are 1.2% higher in month ending 17 August (seasonally adjusted)</li>
</ul>
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Melbourne's new million dollar median suburbs: RP Data's weekend auction preview

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The jubilant Minister for Family and Community Services, Gabrielle Upton, and Minister for Finance and Services, Dominic Perrottet, have announced the first sale of a government-owned heritage property at Millers Point sold at McGrath auction for $1,911,000 tonight.
The news of the sale price was broken on Twitter by 2GB, with bidding starting at $1 million.
The last public housing tenant paid $77.20 a week rent at the property which had revised price guidance of $1.3 million plus. It has water views over Walsh Bay.
An initial price guide of $1 million plus was suggested for the rundown four-bedroom heritage-listed home which has been vacant since early 2011.
“For every Millers Point property that is sold, we can build three modern properties that are more accessible and comfortable,” Upton said after the auction.
She said the sale was "a win" for the 58,000 households on the waiting list for public housing because it helps make the social housing system more sustainable and will help get new properties in the system sooner.”
But activists says that the minister who introduced the relocation policy, Pru Goward has thrice declined to commit all sale proceeds to public housing.
The first property to go under the hammer, <a href="https://www.domain.com.au/property/for-sale/house/nsw/millers-point/?adid=2011305320" target="_blank">119 Kent Street</a> (pictured above), received strong buyer interest with more than 200 groups inspecting the four bedroom, four level property in the first two weeks of its listing.
That was despite property inspections being strictly by appointment, with buyers teeing it up with the listing agent.
There were also more than 1,500 enquiries received through the real estate agent’s website and more than 50 pre-auction very bulky contracts were issued.
There are currently five other properties on the auction market - including through Di Jones Real Estate - as part of the government’s latest tranche of sales in the Millers Point precinct.
The original 30 or so who buyers who bought into the area over the past few years on 99-year leases are unimpressed that the latest offerings are being sold as freehold.
But it was concerns of activist tenants turning up to distrupt the auction, that there was the silly non-disclosure as to the location of the auction by the vendors, the state government.
Conditions of entry to the auction, drawn up by Government Property NSW and obtained by Fairfax Media, was intent on banning any form of video, audio or photography. 
All media outlets were to be denied entry.
Almost 600 public housing tenants will be relocated across 293 homes for the two years sales program, which has been described by critics as ''social cleansing''. Even the Pet Shop Boys during their recent visit tweeted their concern as to the relocation outcome.
There are about 220 terraces and 70 apartments.  
One of the properties is a four-bedroom 1840 Georgian house called Tarra, that has views of the Opera House from underneath the bridge.
The strict silly auction rules were reported by The SMH as including:
<ol>
<li>As the auction will be held on private property, McGrath reserves its rights.</li>
<li>Admittance to the auction is for bona fide buyers who are in a position to purchase the property on the night.</li>
<li>Due to restricted space, only pre-registrations will be accepted and only two people per group are permitted.</li>
<li>No press or media or other real estate agents will be permitted entry.</li>
<li>No video, audio or still photography will be permitted.</li>
<li>Individuals that cause disturbance on the night or during the auction process will be asked to leave or may be removed.</li>
<li>You will be asked to sign the above conditions of entry on the night.</li>
</ol>
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jchancellor-FAypfDUnLy

Vacated Millers Point four level terrace fetches $1,911,000 at private state government auction

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Sunland's annual $14.3 million net profit was up 5%, following a rise in residential sales.
The Queensland based developer reported 629 sales worth $389 million for 2013- 2014 which was up from 261 sales worth $128 million in the prior year.
Sunland's 629 sales were at an average price of $618,000. 
“There was a discernible shift in consumer sentiment during the second half of the financial year, contributing to increased sales across Sunland’s national portfolio, “ Sunland managing director Sahba Abedian said.
The developer secured $82 million worth of development sites across Australia with a development pipeline valued in excess of $3.2 billion.
This ­financial year it expects to launch nine projects with an end value of $1.3 billion.
Sunland, which made its name as the creators of Surfers Paradise’s landmark Q1 tower, flagged a $20 million net profit for 2015, so long as property market conditions remained unchanged, Sahba Abedian told The Australian.
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"Discernible shift" in consumer sentiment detected: Sunland

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The Barangaroo Delivery Authority has short-listed five Australian property companies to develop the two hectares of Sydney’s Central Barangaroo site. 
Mirvac Group, Grocon, Frasers Property Australia, Cbus Property and Lend Lease have been short-listed from 16 parties, according to a statement from the BDA. 
Central Barangaroo will be a mixed-use area between the financial quarter of Barangaroo South and Headland Park at its northern end.
There are the three development parcels.
The formal development bid process will now commence and the shortlisted companies will have options to submit bids that combine two or more parcels of land over two hectares of the five-hectare site.
“Central Barangaroo will be an active and diverse mixed-use area located between the financial quarter of Barangaroo South and the natural beauty of the Headland Park,” ­Barangaroo Delivery Authority chief executive John Tabart said.
Construction at Central Barangaroo is expected to start in mid-2016 and be completed in 2021.
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Developers line up for Central Barangaroo

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Architects Elenberg Fraser have designed a four-tower, 1,162-apartment development for Eureka Funds Management and developer Clement Lee for the former Melbourne Convention and Exhibition Centre site.
The site has current approval for a 75,000 square-metre office project across two towers.
The Australian Financial Review says it is a $400 million plus high density residential project.
The syndicate acquired the property from the state government four years ago for about $40 million.  
The site falls under the City of Melbourne’s flexible CBD zone.
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Residential planned for former Melbourne Convention and Exhibition Centre redevelopment

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There’s a strong link between tourism and real estate. People idling in idyllic environments like to tyre-kick real estate and often, against their better judgment, end up doing something silly - like buying an off the plan apartment as their dream holiday home.
It's so easy to be seduced into un-scheduled spending amid holiday euphoria. It's not so much “buy in haste and repent at leisure”, as buy while at leisure and repent in haste when you get back home and reality sets in.
Two of real estate's biggest lemons, Surfers Paradise units and Noosa Heads units, have been popular targets by interstate or overseas tourists who probably wish they’d stayed home.
So consider this scenario. The Reserve Bank is concerned about the economy, unsure of what will happen next, particularly after the recent uptick in unemployment. As it sees it, the economy is in transition and needs sectors other than resources to do some heavy lifting.
The RBA would also like to see a lower Australian dollar. Its recent strength has hurt export-oriented industries and undermined economic growth. It’s trying to talk it down, but with minimal effect.
All of which suggests the next movement in interest rates will be down. According to reports, the markets think so. Reductions in interest rates are likely to bring the dollar lower - and a core beneficiary of that will be inbound tourism.
This possibility comes at a time when international tourism is already in a recovery phase. We also have rising foreign investment in property, especially from Asia. The two things are moving forward hand in hand.
As Chinese tourism to Australia grows, Chinese interest in our real estate will grow, regardless of the delirious worldview of Clive Palmer – still the 2014 frontrunner for my coveted Goose of the Year award.
This inspires the question: which markets are most likely to rise as this phenomenon gathers speed?
In the past I've been reluctant to advocate investment in markets based on tourism economies. Tourism is a volatile sector, prone to devastation by adverse weather events, economic uncertainty and international incidents.
Some of the worst performing markets in the past five years have been tourism-based locations in Queensland. Noosa's market performance has been pitiful. The Whitsundays region has been little better.
When tourism downturn has been mixed with other powerful elements, such as an over-supply of apartments, the outcome has been sharply falling values. Those who own property on the Gold Coast and in Cairns will know the pain this can cause.
So we're looking for some safeguards - places likely to benefit from an uptick in international tourists, which also have an additional element, an X factor. In residential real estate, the most powerful X factor is infrastructure spending.
This is why some of those Queensland locations which have performed so badly in the past five years are now looking good bets. Prices are now attractive, the oversupply has been soaked up, tourism is improving – and, above all, there is significant spending on infrastructure, coupled with local efforts to broaden the economic base.
The two standout locations in this regard are Cairns and the Sunshine Coast. I write about Cairns a lot, because this is one Australian real estate’s great future prospects – attractively priced, great rental yields and strong growth drivers.
The Sunshine Coast doesn’t offer the same high rental returns, but is otherwise a great place for investors to consider.
You can contact Terry via  <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email</a> or on <a href="https://www.twitter.com/hotspotting" target="_blank">Twitter</a>. 
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Which markets will benefit the most from international tourism?

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In Sydney’s lower north shore, Crows Nest’s Aster Tower is currently constructing a sales office with opportunities to buy coming next month.
Including 50 one, two and three bedroom apartments, and two bedroom double storey townhouses, all properties at Aster Tower will include basement parking, storage, lift access and alfresco entertainment areas.
One-bedroom apartments will be available from $647,000, while two-bedroom and three-bedroom apartments will be sold from $995,000 and $1,190,000 respectively through CPM Realty.
The development includes interiors from SJB and was designed by Town Own Partners architectural firm.
With the development located at 139 West Street, the corresponding sales office and display will be on the car wash site on the Pacific Highway at St Leonards.
CPM Realty’s Sam Elbanna said that it is located near impressive venues and amenities.
“Take a short stroll and you’ll find some of the city’s most sought after cafes and bars that come with these types of areas. The recent expansion to Royal North Shore hospital has also made this location extremely popular with investors,” he said.
Elbanna said that it will appeal to single occupants, couples and investors.
The developer, D &amp; A Property Group Pty Ltd
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Aster Tower, Crows Nest sales office to open in September

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Searching for an investment property or a home loan was not stressful for 76.3% of those surveyed in RAMS’ latest First Time Investor Survey 2014.
However a quarter of respondents said that they still don’t know where to start. There were also a number of pet peeves listed by new buyers.
In particular, the RAMS survey found three common property descriptions that first time buyers detested so much, that they would apparently seek legislative action to never see again.
The top three property descriptions that those surveyed wanted “outlawed”:
<ul>
<li>"Hot Property"</li>
<li>"Water Glimpses"</li>
<li>"Renovator’s Dream"</li>
</ul>
Source: RAMS.
According to the survey results, first time investors initially turn to real estate websites (38%) before trying a friend, family member or colleague (24%) and then looking to a real estate agent (23%) for assistance in finding their first investment.
The survey uncovered a majority of first time investors (51%) said that they would prefer researching their first investment property to having dinner with the in-laws (15.4%) or completing a tax return (11.2%).
A majority noted that they were looking for somewhere in a quiet neighbourhood, new appliances and fittings and close to public transport. The main purposes of the investment was potential capital group, followed by current low interest rates and tax benefits.
RAMS CEO Martine Jager said that first time investors are becoming savvier and increasingly using the resources available. However, she noted that face to face expert advice is still one of the most valuable tools.
Despite the lack of stress in searching for a property, 43% noted that rising interest rates are a concern and their long-term ability to pay for the property, as well as bad property management, were areas of worry.
“Despite first time investors being wary of rising interest rates, they do not appear to be overly sensitive to such increases, with their intention to invest only deterred by larger rate rises,” Jager said.
“The survey results showed that interest rates would have to rise by 2% before first time investors would start to rethink their strategy – which means, given recent fixed interest rate cuts by some lenders, even if the rate direction changes suddenly, there could still be at least a year of strong demand left in the Australian property market,” she explained.
“The survey results show that while investing in property is not a taxing exercise, there are still aspects of the search and buying process that are unappealing to buyers.
“It’s not surprising to find that most first time investors cite exaggerations with property descriptions as their biggest pet peeve when trying the find the right property to invest in. After all, buying a property is not just a financial commitment it is also a big investment of your time, and misleading listings can be discouraging and frustrating.”
Jager noted that first timers were mainly looking for cheaper entry points into the market.
“For many, this means buying a modest property in more affordable suburban areas which have good capital growth potential.” 
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