Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

Joel Robinson

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

[smartcode_project_cta:default project_id=152737]

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Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

[smartcode_project:default project_id=150999 project_image_fid=374005]

The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

[smartcode_project:default project_id=150999 project_image_fid=374010]

Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

[smartcode_project:default project_id=150999 project_image_fid=374002]

“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

[smartcode_project_cta:default project_id=150999]

Maréa Residences brings parkside apartments to Coolangatta

Melbourne developer PDG has secured Victorian Government approval for its $1.5 billion Southbank development <a href="https://www.apartments.com.au/new-apartments/the-one-1-queens-bridge-street-southbank-vic-3006">The One</a>, clearing the way for the long-dormant riverfront site opposite Crown to finally be developed.

The Minister for Planning has approved the project at 1-29 Queens Bridge Street, with the Department of Transport and Planning issuing the planning permit following its assessment.

The approval will allow PDG to develop the prominent 5,059 sqm site with a major mixed-use tower comprising premium apartments, including branded residences, a luxury hotel and boutique office space.

PDG acquired the site in late 2024, with its position directly opposite Crown's main entrance and near Melbourne's Arts Precinct making it one of Southbank's most significant remaining development opportunities.

<img alt="PDG" data-entity-type="file" data-entity-uuid="3933013e-6332-4386-b9be-089df05caf17" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.22%E2%80%AFAM.png?VersionId=sITIgBqDL0N3VNSMwWEmF5UA.uvcsRyu" />

Designed by COX in collaboration with ODO and PDG, the tower's architecture draws on the movement of the Yarra River, with six vertical pleats running the height of the sculpted facade.

The project will also see the heritage-listed Queens Bridge Hotel restored and incorporated into the development&nbsp;with new hospitality and public uses, including a rooftop venue.

A significant component of The One will be its residential amenity.

More than 5,000 sqm of resident facilities will be delivered across a single level, making it one of the largest consolidated residential amenity offerings proposed in an Australian apartment development.

The planning approval also incorporates a major upgrade of Queensbridge Square, which PDG will deliver in partnership with the City of Melbourne.

<img alt="PDG" data-entity-type="file" data-entity-uuid="73167fcd-1031-4b6f-a408-a064cfe45ed1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.17%E2%80%AFAM.png?VersionId=Pf1AEWxw6SNmBqR0zQW5lyEze.MtxgFp" />

The existing square will be revitalised as a new civic and pedestrian space along the Yarra River, strengthening the connection between the project, Southbank and the riverfront.

PDG Founder and Managing Director Vince Giuliano said the approval represented a major milestone for a site which has remained largely underutilised for more than 15 years.

“This is the most significant Planning Permit approval Melbourne has seen in recent years,” Giuliano said.

“For more than 15 years, this site has remained underutilised. This approval enables us to deliver a project that will contribute meaningfully to the revitalisation of Southbank, restore and reactivate an important heritage building, and create a new civic and hospitality destination for Melbourne.”

The latest approval follows an earlier planning permit issued by the City of Melbourne covering demolition works across part of the site at 9-29 Queens Bridge Street. Those demolition and early works are already underway.

PDG has also started generating early interest in the residential component from owner-occupiers ahead of a planned public launch in early 2027.

PDG secures approval for $1.5bn Southbank apartment development, The One

Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

&nbsp;

Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

First look: Harridan plans Burke Street transformation beside Boggo Road transport hub

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?

For most Australians, buying an apartment is one of the biggest financial decisions they'll ever make

The location, floorplan and price are often the first considerations, but in recent years another question has become increasingly important: who is actually delivering the project?

A series of high-profile builder collapses, construction delays and defect concerns have fundamentally changed how many Victorians approach buying off the plan. The collapse of Porter Davis in 2023, which reportedly left around 1,700 homes unfinished, became one of the most visible examples of the risks that can emerge when a construction company fails. <a href="https://www.equifax.com.au/sites/default/files/lpassets/pdf/Final-Business-Market-Pulse-June-Sector-Deep-Dive-Report-2.pdf">Similar challenges across the broader construction sector</a> have left buyers asking more questions before signing a contract.

As Victoria continues encouraging higher-density housing to address supply shortages, transparency is becoming just as important as location or price.

One tool increasingly entering the conversation is the <a href="https://icirt.com/">Independent Construction Industry Rating Tool (iCIRT)</a>, an independent assessment framework designed to help buyers better understand the developer or builder behind a project. Originally developed by Equifax in consultation with government and industry as part of NSW's Construct NSW reforms, the system has since expanded nationally.

<h2 data-end="1519" data-section-id="7nmx3" data-start="1492">What is an iCIRT rating?</h2>

Most Australians are familiar with independent ratings in everyday life.

We compare ANCAP safety ratings before buying a car. We look at Health Star Ratings in supermarkets. Banks rely on credit assessments when lending money.

Until recently, however, there has been very little independent information available to help apartment buyers assess the business responsible for delivering a residential project.

That gap is what iCIRT was designed to address.

Builders, developers and other construction professionals with an iCIRT rating have demonstrated high-trust characteristics through an independent, evidence-based assessment across six criteria: Character, Capability, Conduct, Capacity, Capital and Counterparties. This involves a rigorous review of financial health, past project track record, and ethical conduct. Crucially, an iCIRT rating could help provide property buyers with confidence that they are working with a professional who has demonstrated the capability, capacity, and willingness to return and rectify issues.

<img alt="iCIRT" data-entity-type="file" data-entity-uuid="dcbb59af-3d5a-43aa-b28e-a66e55a83568" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Announcement.png?VersionId=6OD8r.v.oucEF01BWxR85urzoD9seQ9e" />

Importantly, iCIRT is not a recommendation to purchase a particular property, nor is it a traditional credit rating. It is an independent assessment framework designed to provide objective information about a construction business using a <a href="https://icirt.com/sites/default/files/2025-08/iCIRT-Methodology-Issue1-May-2021.pdf">published methodology</a>.

The system has been widely adopted in New South Wales, where more than one-third of medium and large residential builders and developers now hold an iCIRT rating, representing over two-thirds of the state's residential building market by value as of 2025/26.

<h2 data-end="3126" data-section-id="h6ohtj" data-start="3084">Why buyers are doing more due diligence</h2>

For many buyers, particularly those purchasing off the plan, the biggest risk isn't whether they'll like the kitchen finishes.

It's whether the project will be delivered on time, to the expected quality, and by a company capable of completing the development.

<a href="https://icirt.com/sites/default/files/2026-07/iCIRT%202025%20Consumer%20Survey%20Report%20v05.pdf">Consumer research commissioned by iCIRT</a> found more than half of respondents believed current protections do not adequately safeguard buyers from builder insolvencies or defective projects. Other research found 88 per cent of prospective buyers would seek independent ratings or due diligence before purchasing, while 90 per cent said trust in construction professionals is essential.

That doesn't mean buyers should rely on a single rating alone.

Independent legal advice, understanding the contract, and seeking financial advice all remain important parts of the due diligence process.

However, an independent assessment can provide another source of information alongside those traditional checks.

<h2 data-end="4138" data-section-id="pquzxc" data-start="4094">Trust is becoming a competitive advantage</h2>

The conversation isn't only changing for buyers.

Developers are also recognising that trust has become an increasingly important part of the sales process.

<img alt="mirvac" data-entity-type="file" data-entity-uuid="1c11c691-e8cd-46c3-88fd-6c8d614e8357" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/mirvac.png?VersionId=ZqDqNL36WJOOCmNMmmO93Q2GTrFOBomz" />Mirvac is a 5 Gold Star iCIRT rated developer, the highest possible rating a developer can get: Harbourside by Mirvac

Five years ago, purchasers typically asked about floorplans, finishes and settlement dates.

Today, sales teams are increasingly being asked about the developer's experience, financial stability, previous projects and construction partners.

For companies with strong governance and established delivery records, an independent iCIRT rating provides another way to demonstrate those credentials before buyers even visit a display suite.

According to Equifax, the assessment can also help businesses drive sales and <a href="https://icirt.com/resources-for-business/icirt-rating-helps-scion-secure-high-value-projects">secure high-value projects</a>, as well as identify operational improvements and <a href="https://icirt.com/resources-for-business/mirvac-reinforces-brand-trust-and-quality-independent-icirt-rating">attract top talent</a>.

<h2 data-end="4962" data-section-id="1j54ng5" data-start="4912">Beyond buyers: lenders are paying attention too</h2>

The influence of independent construction ratings is also extending beyond consumers.

According to Stamford Capital's Real Estate Debt Capital Markets Survey, an increasing number of lenders now incorporate iCIRT ratings into their due diligence processes when assessing residential development finance applications.

The survey found lender adoption has continued to rise, with many respondents saying independent assessments provide additional insight into governance, counterparties and delivery capability beyond traditional financial analysis. Some lenders also reported declining funding applications where businesses had poor or no ratings.

As construction costs remain elevated and access to development finance becomes more selective, demonstrating credibility is becoming increasingly valuable.

<h2 data-end="5801" data-section-id="1qazuxs" data-start="5772">What it means for Victoria</h2>

Victoria's apartment market is entering a new phase.

The state is seeking to accelerate higher-density housing while simultaneously introducing reforms aimed at improving confidence in residential construction.

For buyers, that means there are more tools available than ever before to research the businesses behind a project.

For developers, it signals that transparency is becoming another point of differentiation in an increasingly competitive market.

Buyers are asking more questions than ever before and increasingly expecting independent information, not just marketing material, before making one of the biggest financial commitments of their lives.

<img alt="iCIRT" data-entity-type="file" data-entity-uuid="958e1497-8151-4689-aadc-baf59f6e6122" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/iCIRT-Infographic-Assessment-Process-Final.png?VersionId=7KyVcwSo4vCLXBYBdq382e3Si.R.9PWQ" />

<hr data-end="6469" data-start="6466" />
The information contained in this article is general in nature and does not constitute personal, financial, legal or tax advice. It does not take into account your personal objectives, financial situation or needs. Therefore, you should consider whether the information is appropriate to your circumstances before acting on it and, where appropriate, seek independent professional advice.

This article contains links to third-party websites. These links are provided for convenience only. Equifax Australia does not control and is not responsible for the content, accuracy or privacy practices of external sites.

Copyright © 2026 Equifax Australia Information Services and Solutions Pty Ltd. All rights reserved.

Buying off-the-plan in Melbourne? How independent iCIRT ratings are set to change Victorian property

<html><body>
Sydney’s auction clearance has burst through the 80% mark, according to the latest preliminary weekly results from RP Data.
RP Data figures showed 80.3?per cent of 623?auctions were sold in ­Sydney over the past week.
<img alt="rpdatacapitalsjune3onethumb" src="/images/stories/2013/06/rpdatacapitalsjune3onethumb.gif" width="470" height="245">
There was a  78% success rate on Saturday according to Australian Property Monitors.
The highest priced property was a waterfront reserve five-bedroom home at 4 Cheyne Walk, Castlecrag, which sold under the hammer for $3,270,000 through LJ Hooker agent Heidi King who revealed the reserve was $3.05 million for the unrenovated 1960s home with direct access to a Middle Harbour sandy beach.
A Bay Street Mosman home was passed in on a $5.5 million vendor bid and a Lang Road, Centennial Park property at a $6.5?million vendor bid.
<img alt="rpdatacapitalsjune3twothumb" src="/images/stories/2013/06/rpdatacapitalsjune3twothumb.gif" width="470" height="190">
In Melbourne, the Real Estate Institute of Victoria recorded a 74% success rate from 720 results within the 822?offerings. It was an improvement on the clearance rate in May which was 70% from 2,848 auctions, the REIV said.
The most expensive sale in Melbourne was a four-bedroom federation home on Nimmo Street, Middle Park at $3.93?million through ­Marshall White.
With the number of properties sold before scheduled auction over the weekend at around 15%, the Melbourne buyers' advocate Mal James advised it suggested a strong market in the $1 million-plus bracket.
"This trend seems to be being driven by buyers’ fear of missing out on a good property in a rising market.
"Rather than attend a hot auction and miss out because someone else has more money on the day, buyers are preferring to secure the property with a strong offer beforehand. "It can be a good buying strategy if buyers understand the issues.
"But there's no guarantee they will pay less this way.
"They will be negotiating directly with the vendor - and their agent - rather than against direct competition of other buyers in the auction.
"And we still think that the auction system is the most open and transparent market you can get," Mal James advised. "However the high number of bought-befores does confirm that this is still a strong market, and that anything of good quality is being hard fought for by buyers frustrated at an otherwise fairly ordinary choice of stock."

Both major capitals auction activity declines for the Queen's Birthday long weekend.
There are 840?auctions scheduled for Melbourne the weekend after the Queen’s Birthday holiday, which REIV said was a virtual record high, second only to the same weekend in 2010 when the ­Melbourne residential market was at its peak.
The most expensive sale at the weekend was a four-bedroom federation home on Nimmo Street, Middle Park at $3.93?million. It was listed with ­Marshall White.
</body></html>

jchancellor-FAypfDUnLy

RP Data puts Sydney's clearance rate at 80%

<html><body>Australian Property Monitors (APM) has released a list of auction results in Brisbane for the weekend of June 1. <a target="_blank" href="https://www.homepriceguide.com.au/saturday_auction_results/Brisbane.pdf" rel="nofollow" style="font-size: 14px;">Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

po-LsXgBTHBmX

APM's Brisbane auction results for June 1 weekend

<html><body>Australian Property Monitors (APM) has released a list of auction results in Adelaide for the weekend of June 1. <a href="https://www.homepriceguide.com.au/saturday_auction_results/Adelaide.pdf" target="_blank" rel="nofollow" style="font-size: 14px;">Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

APM's Adelaide auction results for June 1 weekend

<html><body>Australian Property Monitors (APM) has released a list of results from 287 auctions in Melbourne for the weekend of  June 1. <a target="_blank" href="https://www.homepriceguide.com.au/saturday_auction_results/Melbourne.pdf" rel="nofollow" style="font-size: 14px;">Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

APM's Melbourne auction results for June 1 weekend

<html><body>Australian Property Monitors (APM) has released a list of results from 327 auctions in Sydney for the weekend of June 1. The clearance rate was 77.9%. <a href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" target="_blank" rel="nofollow" style="font-size: 14px;">Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

APM's Sydney's 327 auction results show a 77.9% clearance rate

<html><body>
There are 18 inner city locations in Brisbane, Sydney, Melbourne and Canberra likely to appeal to a growing “white collar renter class” willing to pay a premium to be close to the city, according to new research by Urbis.
This group typically has a higher income than average, are aged between 25-39 years, without many kids and who enjoy buildings with architectural features and amenities like rooftop gardens.
Half of these locations are within five kilometres of Sydney comprising Erskineville, Alexandria, Newtown, Camperdown, Darlington, Pyrmont, Ultimo.
There are four within a short walk or drive of the Brisbane CBD (Brisbane City, Fortitude Valley, Kelvin Grove, Herston), four surround the Melbourne CBD (Melbourne, North Melbourne, Docklands and Carlton) and two in Canberra (Braddon and Civic).
Urbis provides a number of typical examples of the emerging renter class in these locations.
They include “Lucy”, a 28-year-old professional woman in the property industry, who is about to get married to her partner Ned, who is finishing his PhD.
She is renting a room in a new 45-storey apartment building in the Brisbane CBD to take advantage of its proximity to work and amenities, such as shops and bars.
After their wedding, Lucy and Ned are planning to purchase a modern, small one bedroom apartment with good views in the CBD, in another 45-storey tower.
Another example is twenty-somethings Anne and Tom, who moved from outer suburban Sydney to a one bedroom en-suite on Bowman Street in inner city Pyrmont.
The shift resulted in them paying a rental premium associated with inner city housing, which was partially offset by less spending on public transport and allowed them to sell one of their cars.
Their apartment offers good access to recreational and entertainment precincts in and around the CBD, and provides enough seclusion and distance from the day to day hustle and bustle of the CBD to not feel like an ‘inner city’ location.
According to ABS census data analysed by Urbis, renters account for 48.7% of residents in medium and high-density areas compared with 30.4% in other areas.
The average household income of this renter class is $94,400 per annum compared with $82,300 in other areas, while the Census data also shows that 60% are aged below 39.
 
<hr class="system-pagebreak">
The Urbis report also identifies the rise of young professional woman as important decision makers when it comes to the buying and renting of inner city apartments.
“Young women are now more likely to be professional and have higher incomes than was the case 15 years ago.
“They are also likely to be in a relationship, but not necessarily married. They are more independent, and have more economic power," says Urbis.
Rothelowman principle Nigel Hobart says location is an “obvious key motivator, with proximity to work, dining, sporting and entertainment all driving the choice to reside in the inner city.
“On the wish list for both owner-occupier and white-collar rental tenants are not only the obvious features such as larger floor plans, high quality finishes, fixture and fittings, generous internal storage, and good external space but also a desire to live in buildings with high quality, distinctive architecture that incorporates attractive communal spaces to facilitate interaction both with other residents and the surrounding community," Hobart says.
“These tenants seek amenity criteria similar to owner-occupiers, and are prepared to pay higher rents and sign longer term leases to secure such apartments, making them an attractive market for investors,” says Hobart.
Rothelowman designed the MaxVic development Habitat (pictured below) on Melbourne’s Southbank, which he says is an example of a project designed to meet the demands of the white-collar rental market.
<img alt="habitatjune3one" height="703" width="400" src="/images/stories/2013/06/habitatjune3one.jpg">
The project features a distinct patterned façade rising from the Sturt Street arts precinct, a rooftop sky garden and a landscaped three story vertical garden designed to appeal to a more sophisticated market.
“Today’s more informed purchaser requires these fundamentals as a given, but also demands insight into their lifestyle needs or the needs of their target tenant in the case of the investor,” Hobart says.
This inner city urban renewal favouring a more savvy and professional renter class is also noted by property investment adviser Sam Saggers from Positive Real Estate.
“Today, drive around inner Sydney and it’s easy to notice the changes to Alexandria, Green Square and Harold Park.
“The change could be argued as urban renewal and not true gentrification, as of course publically listed companies such as Mirvac are pushing a new level of housing in these zones,” Saggers says.
He also anticipates that gentrification could spread beyond the inner city zones into previously unfashionable places like Blacktown in the outer west and has identified three market drivers that often change an area for the better. They are better economics, population growth and a new zone of wealth creation, which he calls “the final piece of the puzzle that sees an area enhance itself for the better and eventual gentrification to occur based on more wealth changing the market landscape”.
According to Urbis, the spread of higher density living beyond the inner city suburbs to places like  Ringwood in Melbourne’s east and Castle Hill in Sydney’s north-west should ideally be happening, but there have yet to be substantial increases in residential density, despite these aspirations.
</body></html>

lschlesinger-FZcF9M3vE6

New breed of Gen Y white collar renters seeking out 18 inner city apartment hotspots: Urbis

<html><body>
The twins were the size they were supposed to be born at, but our client Rachel had an emergency delivery over twelve weeks ago.
She almost died on the operating table, losing a lot of blood.
If it wasn’t for her amazing obstetrician and team of surgeons on hand and a high tech method of stemming the blood loss (featured on the news) she wouldn’t be here today nursing her two gorgeous babies.
I was meeting with Rachel at her home to celebrate (with no champagne due to breast feeding requirements) the completion of her dual occupancy development.
The Property Bloom-managed development had gone particularly well and achieved the following outcomes:
-          Final costs were $38,459 LESS than the original estimates due to our lower offer on the land being accepted and also the build costs were considerably less than originally estimated. We also did not require our contingency sum.
-          The valuations came in $20,000 higher than our lower end estimate or right on target with our higher end estimate.
-          Equity position was $58,456 more than originally estimated.
-          The project was completed within fourteen months from Exchange on the land to Practical Completion of building works.
-          Return on Investment result was a massive 18% (within 14 months).
-          Gross yield was just under 7%.
-          Depreciation benefits were high.
-          The medium price for this suburb had grown by 6.08% over the past 12 months.
As I held baby Grace whilst baby Harrison looked on and trying to remember just how to burp a new born, I mused over how amazing this woman was.
As she was recovering in hospital from her near death experience, she was also settling on another property purchase, one that Property Bloom had found for her.
Rachel now owns eleven investment properties and was feeling a little frustrated because she couldn’t buy her next property or do another development with us until she went back to work, probably in a couple of years.
By the way, did I mention Rachel has four other children?  So just how does a mother of six come to accumulate eleven investment properties?
Focus, determination and drive.
These three words are so important to all of our plans.  Rachel told me how one of the accountants she saw said she was “lucky” to have so many properties!  We chuckled about this comment as luck has nothing to do with what she’s achieved.
Another comment made by her bank’s ‘relationship manager’ was she shouldn’t be holding so many properties, it’s risky and he wouldn’t give her any more money.
Funnily enough, she’s planning a move away from this bank, or at least this manager who works for one of the Big Four banks and can’t understand her strategies and goals.
Rachel will continue to invest and develop property until she reaches her goal of early retirement.  What an inspiration she is to all of us... so what’s holding you back?
Jo Chivers is director of <a target="_blank" rel="nofollow" href="https://www.propertybloom.com.au/" title="Property Bloom" style="font-size: 14px;">Property Bloom</a>, which manages property development.
</body></html>

jochivers-wq5Bp59R5a

Focus, determination and drive are key to property investment success: Jo Chivers

<html><body>
Of the five Brisbane suburbs identified as ‘top picks’ by property investment adviser Sam Saggers just over a year ago, just one has to date been a solid performer, Property Observer analysis reveals.
Saggers identified South Brisbane, Stafford, Newmarket, Annerley and Clayfield as his 'best buy' suburbs in the March 2012 issue of Smart Property Investment magazine based on annual RP Data figures to December 2011.
Saggers said at the time that from 2013 Brisbane would experience "double digit price growth" with a market high in 2016/2017 and with the five-year forecast “looking good”.
Currently, RP Data has Brisbane property values up 1.2% for the first four months of the year, suggesting double digit annual growth could be some way off.
However, he was not the only one to forecast a turnaround for the Brisbane market.
Researchers BIS Shrapnel anticipating, in late 2011, a moderate improvement in prices from January 2012 as the market entered a “consolidation phase” following a decline exacerbated by the December 2010 floods.
Of Saggers' five suburb picks, Stafford, six kilometres north of the CBD, is showing the best long-term prospects.
Stafford median house prices appear to have bottomed out after a 2% fall over 2012 to be 2% up over the 12 months to March 2013 from 84 sales.
Apartments in Stafford are performing even better with median prices up 7% based on 118 sales over the 12 months to March 2013.
House prices in Newmarket, five kilometres north west of the Brisbane CBD, appear to be close to bottoming out having declined by 6% in 2012 they are now just 1% down over in March based on annualised sales data.
In Annerley, six kilometres south of the CBD, both house and unit median prices have fallen substantially.
House prices are down 5% and unit prices are down 7% based on more than 114 house sales and 130 unit sales.
Clayfield is another poor performer to date with a 9% drop in the median house price from 86 sales and a more modest (but declining) 2% drop in unit prices based on 167 sales.
The South Brisbane unit market has also yet to fire. 
HOUSES
<table cellpadding="0" cellspacing="0" border="1" style="width: 470px;"><tbody>
<tr>
<td width="111" valign="top">
 
</td>
<td width="76" valign="top">
Median house price Dec 2011
</td>
<td width="76" valign="top">
Median house price March 2013
</td>
<td width="66" valign="top">
12 month change to Dec 2012
</td>
<td width="66" valign="top">
12 month change to March 2013
</td>
</tr>
<tr>
<td width="111" valign="top">
<a target="_blank" href="/news">Annerley</a>
</td>
<td width="76" valign="top">
$552,500
</td>
<td width="76" valign="top">
$525,000
</td>
<td width="66" valign="top">
-3%
</td>
<td width="66" valign="top">
-5%
</td>
</tr>
<tr>
<td width="111" valign="top">
<a href="/news">Clayfield</a>
</td>
<td width="76" valign="top">
$860,000
</td>
<td width="76" valign="top">
$800,500
</td>
<td width="66" valign="top">
-7%
</td>
<td width="66" valign="top">
-9%
</td>
</tr>
<tr>
<td width="111" valign="top">
<a href="/news">Newmarket</a>
</td>
<td width="76" valign="top">
$658,000
</td>
<td width="76" valign="top">
$644,000
</td>
<td width="66" valign="top">
-6%
</td>
<td width="66" valign="top">
-1%
</td>
</tr>
<tr>
<td width="111" valign="top">
<a href="/news">Stafford</a>
</td>
<td width="76" valign="top">
$452,500
</td>
<td width="76" valign="top">
$447,250
</td>
<td width="66" valign="top">
-2%
</td>
<td width="66" valign="top">
+2%
</td>
</tr>
<tr>
<td width="111" valign="top">
<a href="/news">South Brisbane</a>
</td>
<td width="76" valign="top">
$805,000
</td>
<td width="76" valign="top">
N/A
</td>
<td width="66" valign="top">
-17.3%*
</td>
<td width="66" valign="top">
N/A**
</td>
</tr>
</tbody></table>
*From only seven sales **Just one sale recorded in 2013
 Source: RP Data
UNITS
<table cellpadding="0" cellspacing="0" border="1" style="width: 470px;"><tbody>
<tr>
<td width="111" valign="top">
 
</td>
<td width="76" valign="top">
Median house price Dec 2011
</td>
<td width="76" valign="top">
Median house price March 2013
</td>
<td width="66" valign="top">
12 month change to Dec 2012
</td>
<td width="66" valign="top">
12 month change to March 2013
</td>
</tr>
<tr>
<td width="111" valign="top">
<a href="/news">Annerley</a>
</td>
<td width="76" valign="top">
$399,000
</td>
<td width="76" valign="top">
$369,000
</td>
<td width="66" valign="top">
-5%
</td>
<td width="66" valign="top">
-7%
</td>
</tr>
<tr>
<td width="111" valign="top">
<a href="/news">Clayfield</a>
</td>
<td width="76" valign="top">
$415,000
</td>
<td width="76" valign="top">
$357,500
</td>
<td width="66" valign="top">
+3%
</td>
<td width="66" valign="top">
-2%
</td>
</tr>
<tr>
<td width="111" valign="top">
<a href="/news">Newmarket</a>
</td>
<td width="76" valign="top">
$370,000
</td>
<td width="76" valign="top">
$380,000
</td>
<td width="66" valign="top">
-1%
</td>
<td width="66" valign="top">
-4%
</td>
</tr>
<tr>
<td width="111" valign="top">
<a href="/news">Stafford</a>
</td>
<td width="76" valign="top">
$346,000
</td>
<td width="76" valign="top">
$389,080
</td>
<td width="66" valign="top">
+7%
</td>
<td width="66" valign="top">
+7%
</td>
</tr>
<tr>
<td width="111" valign="top">
<a href="/news">South Brisbane</a>
</td>
<td width="76" valign="top">
$456,000
</td>
<td width="76" valign="top">
$460,000
</td>
<td width="66" valign="top">
-2%
</td>
<td width="66" valign="top">
-3%
</td>
</tr>
</tbody></table>
Source: RP Data
Image of jacaranda tree by Richard Fisher, courtesy of Flickr.
</body></html>

Stafford blooms but four out of five Sam Saggers Brisbane hotspots yet to show promise

<html><body>
The total value of construction work done fell by an estimated 2% to just over $51 billion in the March quarter on a seasonally-adjusted basis, according to the latest ABS data.
This was well down on expectations of a 1% rise over the quarter, according to a Bloomberg survey of 17 economists.
The latest ABS figures show falls in all sectors led by a 2.5% decline in the value of engineering work done, some of which would be tied to the slowdown in the mining sector.
The value of residential construction work done fell 1% while the value of non-residential construction work done fell 1.2% with the total value of building work (residential and non-residential) down 1.1% to $20.2 billion.
Trend estimates show a 0.4% decline over the quarter for all construction work done.
Taking a longer term view, the value of construction work done is up by a marginal 0.2% when comparing the March 2013 quarter with March 2012 quarter on a seasonally-adjusted basis and up by 2.9% using trend estimates over this period.
On a state-by-state basis the strongest growth trends are in Queensland and the Northern Territory.
Construction work done Queensland has risen for fourteen quarters and for eight quarters in the Northern Territory.
Construction work done in Victoria has risen for three quarters
Construction work done in Western Australia has fallen for three quarters.
Construction work done in New South Wales has fallen for one quarter.
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Value of construction work done falls by unexpected 2% in March quarter led by engineering slump: ABS

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The number of auctions being held across the nation continues to climb, with 1,719 auctions scheduled for the coming week, according to RP Data.
The figure is slightly higher than the revised figure of 1,645 auctions last week and the revised figure of 1,520 auctions the previous week.
Last week, the clearance rate rose to a revised 68.1%, up from 67.3% the week prior.
At the same time last year the clearance rate was much lower at 50.5% and only 1,418 auctions were recorded.
Melbourne has 804 auctions scheduled for the coming week, slightly more than the revised figure of 795 last week and 738 auctions the week prior.
However, Melbourne’s clearance rate eased from 71.9% to 69.6% last week but is much higher than the same time last year, when it was 55.2%.
Meanwhile, Sydney’s clearance rate increased from the revised figure of 72.1% the previous week to 73.2% last week.
Sydney has 576 auctions scheduled for this week, slightly less than the revised figure of 588 auctions last week but still more than the previous week of 516 auctions.
At the same time last year, Sydney had a clearance rate of 51.3%.
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