Abadeen has released the whole-floor penthouse crowning its recently completed <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences</a> development in Cremorne, bringing the near-300 sqm residence to market for the first time.

Occupying the entire top floor of the boutique Lower North Shore development, the penthouse includes 221 sqm of internal living and a 74 sqm wraparound terrace, with a prized north-facing aspect taking in views across Middle Harbour.

The residence has been completed and fully furnished following a collaboration between Abadeen Executive Chairman Justin Brown and internationally recognised interior designer Jack Freeman, Founder and Managing Director of FREEMAN &amp; CO.

<a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and Freeman approached the penthouse as a finished home, sourcing furniture, artwork, lighting and objects from Australia and overseas.

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Pieces from Parisian design house Pierre Augustin Rose sit alongside contemporary artworks and bespoke lighting, with Freeman drawing on recent visits to PAD Paris and Salone del Mobile Milano for the final collection.

Brown said the aim was to create a penthouse that felt more like a large-scale private home than a traditional apartment.

"The experience begins the moment the lift doors open. You're welcomed into an elegant dining room before the home opens into an extraordinary living space framed by sun-drenched harbour views.

"Every time someone walks through the front door they pause. It's not just the view, it's the incredible sense of space, the warmth created by the northern sunlight that fills the interiors, and the way every room connects so effortlessly.

"It has all the proportions of a luxury home, while delivering the effortless lifestyle and personalised experience of living in a world-class six-star hotel, combined with the simplicity and convenience of apartment living."

[smartcode_project:default project_id=114246 project_image_fid=378713]

A secure lift provides exclusive access to the penthouse level, opening to a dedicated arrival foyer and dining area before the residence expands into its main living and entertaining spaces.

Floor-to-ceiling glazing runs across the northern side of the home, connecting the interiors with the terrace and Middle Harbour outlook.

The penthouse also features a fireplace and substantial chef's kitchen, while the wraparound terrace has been designed to accommodate both everyday outdoor living and larger-scale entertaining.

[smartcode_project:default project_id=114246 project_image_fid=378720]

Freeman said the interiors had been deliberately kept restrained to complement the scale, natural light and outlook already established by the architecture.

"The penthouse is a serene study in quiet luxury," Freeman said.

"The interior pairs soft, sculptural forms with warm timber, pale stone and a restrained neutral palette. Curated artwork and metallic accents add depth, while abundant natural light creates a calm, effortlessly refined atmosphere. In my world, less is always more."

Freeman said the approach was centred around collecting individual pieces rather than simply decorating the apartment.

"Every material, every object and every piece of furniture has been curated with intention. I am a true believer in collecting versus decorating.

"The architecture already provided extraordinary natural light, remarkable volume and an uninterrupted connection to Middle Harbour. Our role was to complement those qualities with unique one-of-a-kind pieces of fine art and collectible design sourced from recent travels around the world."

[smartcode_project:default project_id=114246 project_image_fid=378694]

Among the collection are solid bronze sculptures by Lorenzo Quinn, alongside a curated crystalware collection and pieces sourced from international design fairs.

Park Residences sits opposite Cammeray Golf Club, Cammeray Croquet Club and Grand Slam Tennis Cammeray, around 300 metres from Neutral Bay Village and its established collection of restaurants, cafés and retail.

Brown said the combination of a whole-floor floorplan, northern aspect and proximity to Neutral Bay was becoming increasingly difficult to find on the Lower North Shore.

"Completed whole-floor penthouses with a sun-drenched north-facing aspect and sweeping Middle Harbour views are exceptionally rare," Brown said.

"Add a quiet position opposite golf, croquet and tennis facilities, a level walk to Neutral Bay Village and only minutes to the CBD, and you have a lifestyle that's incredibly difficult to replicate.

"This is a home that offers the privacy and generosity of a luxury residence together with the convenience of one of Sydney's best-connected harbourside locations."

The penthouse will be exclusively marketed by SRM Residential.

[smartcode_project_cta:default project_id=114246]

Joel Robinson

Abadeen unveils penthouse at Park Residences in Cremorne

New Brisbane developer Dalcott has unveiled Marrone, the first of three residential projects it is planning in and around Browning Street in South Brisbane.

<a href="https://www.apartments.com.au/new-apartments/marrone-south-brisbane-39-browning-street-south-brisbane-qld-4101">Marrone</a> will comprise 97 predominantly two- and three-bedroom apartments, with larger residences aimed squarely at the owner-occupier market.

The project will sit in a quiet pocket of South Brisbane between South Bank and West End, close to the restaurants, cultural attractions and riverfront amenity that have driven the suburb's continued transformation.

Dalcott is targeting buyers looking for more space and amenity than has traditionally been offered in the inner-city apartment market, particularly downsizers and professionals wanting to remain close to the city.

[smartcode_project:default project_id=149951 project_image_fid=377072]

Resident facilities will be concentrated around an extensive rooftop amenity offering, including a swimming pool, spa, infrared sauna, warm and cold magnesium plunge pools, private lounge, dining room and outdoor entertaining areas.

Dalcott Managing Director Lachlan Cottee said South Brisbane's combination of lifestyle, connectivity and established character had been central to the approach to Marrone.

“South Brisbane offers a combination of lifestyle, connectivity and character that’s difficult to replicate elsewhere in Brisbane,” Cottee said.

“Our focus has been on creating homes that feel connected to that environment while providing the level of design, functionality and quality that today's owner-occupiers expect.”

The residences will feature an expressive material palette. Italian Calacatta Viola marble, known for its deep burgundy veining, will be paired with aged brass tapware, Chestnut engineered timber flooring and Tuscan Oak joinery.

<img alt="Marrone" data-entity-type="file" data-entity-uuid="b8d833da-3b30-496a-ae30-07bdff371b50" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%2010.52.35%E2%80%AFAM.png?VersionId=P6DAgOfaQzIXljKKK5j3e5NhWtrHIu9G" />

Bathrooms will feature Nara Japanese ceramics and glass bricks, while clay, walnut and brass lighting will be used throughout the apartments.

Dalcott has appointed Realm Projects, led by Managing Director Shane Foley, to handle sales and marketing following previous sold-out collaborations between the groups.

Foley said the Brisbane apartment buyer had become increasingly focused on the quality of the home itself rather than simply securing an inner-city address.

“We expect to see strong demand from buyers who still want all the advantages of inner-city living but aren’t prepared to compromise on the quality of their home,” Foley said.

“Many will be downsizers looking to leave behind the maintenance of a traditional family home without giving up the space they enjoy, while others are likely to be professionals wanting a residence that reflects the way they live today.”

“Marrone responds directly to that demand, with generous floorplans, exceptional resident amenity and a location that places some of Brisbane’s best dining, entertainment and cultural attractions within walking distance.”

<img alt="Marrone" data-entity-type="file" data-entity-uuid="61f7b22f-899e-4c0f-940a-7d3ab1bfb93a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%2010.52.44%E2%80%AFAM.png?VersionId=PvN1JYxBgUpyCB7efKo52WGdSDs9nmim" />

Marrone will be the first project delivered as part of Dalcott's broader investment in the precinct.

It will be followed by La Terra, a boutique project comprising penthouse-style, single-level apartments on a northeast corner site with extensive resident amenity and city views.

Cottee said Marrone represented the first stage of the group's longer-term plans for the area.

Dalcott was established in 2025 by Lachlan Cottee and Ben Dalgliesh, combining development and construction capability under an integrated model and focusing on architecturally considered residential projects.

Marrone will initially be offered through a pre-release registration campaign ahead of its broader public launch.

Dalcott targets owner-occupiers with South Brisbane debut Marrone

Parnell Developments is the latest to seek significant uplift through the NSW Government's Housing Delivery Authority on a Strathfield site previously approved for a much smaller apartment development.

Parnell has sought approval for a 32-storey mixed use tower across&nbsp;<a href="https://www.apartments.com.au/new-apartments/7-lyons-street-strathfield-nsw-2135">3-7 Lyons Street and 18 Parnell Street</a>, a&nbsp;1,857 sqm site around 400 metres from Strathfield Station. The building would yield 160 apartments, 15 per cent of which will be dedicated affordable as per the government mandate for buildings seeking additional uplift.

Approved previously was a nine-storey building back in 2022 with just over 30 apartments. That approval came prior to the project being&nbsp;progressively reconsidered as planning policy shifted toward greater density around transport hubs.

<img alt="Strathfield" data-entity-type="file" data-entity-uuid="c5af5281-a643-4eb2-b8c4-0081b59c04c7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.16.48%E2%80%AFAM.png?VersionId=37bd3mI7rHNpThOV_75VO8xsGFwWOi1u" />

Turner has designed the latest building that would replace&nbsp;existing detached homes across the four lots.

The apartment mix comprises 22 one-bedroom apartments, 107 two-bedroom and two-bedroom-plus configurations, and 31 apartments with three or more bedrooms. The scheme also includes 203 car spaces across six basement levels and 58 bicycle spaces.

The proposal has been designed around a three-storey podium addressing Lyons Street, with the tower rising above and stepping toward its upper levels.

Turner said the podium was deliberately scaled to respond to the existing street, while the taller element has been designed as part of the emerging skyline anticipated around Strathfield Town Centre and the wider Homebush transport-oriented development precinct.

The Lyons Street frontage would have a more active, pedestrian-focused character, incorporating the commercial tenancy, landscaping and a brick-framed podium with an awning.

<img alt="Strathfield" data-entity-type="file" data-entity-uuid="14b20874-b8c3-4ac7-bc03-92be9a69fb78" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.17.48%E2%80%AFAM.png?VersionId=av.9TxtqIRTC6v3PkSuu1rL9rreWoe2h" />

Parnell Street, which faces the railway corridor, has been given a different architectural treatment, with double-height breeze blocks, landscaping and communal areas used to soften the interface with the rail infrastructure.

The tower itself uses curved and recessed facade elements, with wave-like indentations across the northern elevation breaking the building into three vertical forms.

A palette of grey concrete, brick and breeze blocks is complemented by clay and terracotta accents, while the upper tower adopts a lighter expression through articulated slab edges, vertical fins and recessed glazing.

Residents would have access to 467 sqm of communal open space spread across three levels. The ground floor would accommodate the more active resident areas, including barbecue and group gathering spaces and an internal communal room capable of being used for working from home.

A more passive viewing deck is proposed at level three, overlooking the ground-level landscaping and neighbouring tennis courts, while a rooftop "sunset deck" at level 30 would provide another social and relaxation space.

<img alt="Parnell" data-entity-type="file" data-entity-uuid="c3dce401-a80f-4682-8471-4caa01180880" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.17.34%E2%80%AFAM.png?VersionId=Xyo8JVqbOhSJXNy6Ih.1cHL.O6i0bGR." />

&nbsp;

&nbsp;

&nbsp;

Strathfield has been earmarked for substantial change through the Strathfield Town Centre planning work and the nearby Homebush TOD precinct.

Turner's report says the project has been designed to act as a transition between the existing low and mid-rise development surrounding the site and the taller built form expected to emerge across the town centre.

The proposal is being assessed as State Significant Development under the HDA pathway, alongside the concurrent request to amend the Burwood Local Environmental Plan.

First look: New apartment tower pitched for Strathfield Town Centre precinct

An $18 million penthouse has hit the market in Main Beach as construction tops out on La Mer, the $155 million apartment development rising just metres from the beach.

Spanning around 600 sqm across the top two levels of the 29-storey tower on Main Beach Parade, the four-bedroom penthouse is one of the latest eight-figure residences to test the upper end of the Gold Coast apartment market.

Its launch comes amid continued activity at the very top of the market, following the $30 million off-the-plan sale of a Burleigh Heads penthouse earlier this year, which surpassed the Gold Coast's previous $24 million apartment record set in 2023.

The <a href="https://www.apartments.com.au/new-apartments/la-mer-main-beach-3580-main-beach-parade-main-beach-qld-4217">La Mer penthouse</a> has been designed as a private residence in the sky, with 360-degree views spanning the ocean, Broadwater, hinterland and Gold Coast skyline.

[smartcode_project:default project_id=95606 project_image_fid=378731]

All four bedrooms have ensuites, while the ocean-facing master retreat occupies around half of the upper level and includes its own lounge, private balcony, two walk-in wardrobes and an oversized ensuite with a freestanding stone bath positioned to take in the views.

The residence also features a kitchen designed to accommodate a private chef, a 3.6-metre island bench, expansive butler's pantry, wine cellar and integrated bar.

[smartcode_project:default project_id=95606 project_image_fid=378732]

A rooftop pool and substantial outdoor entertaining area with its own kitchen sit above the residence, while a grand staircase connects the two internal levels. The penthouse also has its own express lift.

OTP Group Director James Elliott, who is marketing La Mer, said the penthouse was expected to appeal to high-net-worth buyers seeking either a permanent Main Beach residence or Gold Coast holiday home.

“The La Mer penthouse represents exceptional value, considering its quality design, size, privacy and location, not to mention the 360-degree views capturing the beach and Gold Coast Broadwater,” Elliott said.

“We’re anticipating interest from high-net-worth individuals and couples seeking a residence or holiday home in the sought-after village enclave of Main Beach, taking advantage of the unprecedented growth underway in the area and neighbouring The Spit.”

[smartcode_project:default project_id=95606 project_image_fid=378736]

La Mer is being developed by developer-builder ODUS and Nazero, in partnership with funder Metrics Credit Partners.

ODUS Director Byron Sakha said topping out the tower had provided the opportunity to release the project's most significant residence.

“We’ve worked with internationally-recognised studio Sici Design on the penthouse interiors, with a focus on ensuring it isn’t luxury for luxury’s sake. Every element has been thoughtfully designed to enhance quality of life for those who call it home,” Sakha said.

“The views are the hero of virtually every space, but we’ve given equal attention to the fittings and finishes, so every detail exudes elegance and refinement.”

Sici Design Founder and Director Maria Papadopoulos said the extensive views became an integral part of the interior design rather than simply something the residence was designed around.

“The views weren't something we designed around, they became part of the design itself, with the true luxury of La Mer in its feeling of peace, calm and wellbeing,” Papadopoulos said.

“Luxury isn't defined by how something looks, but how it makes you feel, and we believe a luxurious home should be beautiful to live in, not stressful to maintain.”

The interiors combine Austral Dream Dolomite natural stone and travertine with timber flooring and a restrained coastal palette.

[smartcode_project:default project_id=95606 project_image_fid=378734]

Designed by Plus Studio, La Mer is one of the more boutique additions to the rapidly changing Main Beach apartment market.

The tower comprises just 24 full-floor, three-bedroom plus multipurpose room apartments below the two-level penthouse, giving the project a considerably lower density than many of the larger towers being developed across the Gold Coast.

Residents will have access to a pool and spa, gym, sauna, barbecue facilities, private sun lounges, yoga lawn and outdoor beach shower.

The penthouse has been released as part of the final collection of residences at La Mer, with remaining apartments priced from $4.3 million.

Construction is expected to complete later this year, with a fully furnished display apartment now open on level four.

[smartcode_project_cta:default project_id=95606]

ODUS releases $18 million penthouse crowning La Mer Main Beach

<a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a> is preparing to commence construction on <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> this October, marking the next milestone for the Melbourne CBD development and its higher-end Eliza Collection.

Spanning levels 44 to 68 of the 68-storey <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed tower, the Eliza Collection has been conceived as a lower-density offering within the broader development, with only five apartments on each floor, dedicated lift access and a collection of resident spaces reserved exclusively for Eliza Collection residents.

The Eliza Collection forms part of Far East Consortium's broader move toward larger-format residences at 640 Bourke Street, where the number of apartments was reduced from earlier plans as apartment sizes increased.

[smartcode_project:default project_id=509 project_image_fid=365685]

"What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Far East Consortium Director of Sales and Marketing Lauren Sheldon said.

Rothelowman Associate Jun Chang said the design process provided an opportunity to create more generous floorplans.

"We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."

[smartcode_project:default project_id=509 project_image_fid=368869]

That thinking carries through to the Eliza Collection, where the residences have been designed around the space and functionality associated with a larger home, but positioned high above the centre of Melbourne.

Kitchens are equipped with Gaggenau appliances, a butler's pantry, temperature-controlled wine cabinet and sculptural pendant lighting, while engineered timber flooring, stone and porcelain finishes and custom cabinetry feature throughout the broader interiors.

Privacy and security are another point of distinction. Eliza Collection residents have dedicated lift access, while 640 Bourke Street will provide concierge services and secure resident parking. Short-stay accommodation, including Airbnb, will not be permitted within the development.

[smartcode_project:default project_id=509 project_image_fid=365689]

Eliza Collection residents will also have exclusive access to selected amenity spaces across levels one and three of the restored Eliza Tinsley building. These include the Salon with grand piano, an art therapy room, private dining rooms and treatment rooms.

They sit within more than 3,000 sqm of amenity planned across 640 Bourke Street, alongside facilities including a pool, gym, whisky lounge and further social and wellness spaces.

The Eliza Tinsley building itself is central to the wider project's identity. Rather than treating the existing Eliza Tinsley façade as a separate element, Rothelowman used it as a starting point for the architecture of the new tower, with the historic building to accommodate the project's gallery and lobby.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

[smartcode_project:default project_id=509 project_image_fid=368872]

The tower will rise behind the retained heritage building at 640 Bourke Street, placing residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market and the Docklands waterfront.

With construction scheduled to begin in October, Far East Consortium has established an onsite display gallery at 640 Bourke Street, including fully built apartments that allow the project's layouts, materials and finishes to be inspected at full scale.

A fully built Eliza Collection apartment is also available to view at the display suite by appointment ahead of the planned October construction commencement.

Eligible purchasers who buy before construction commences can secure the full available off-the-plan stamp duty savings, subject to eligibility and applicable conditions.

[smartcode_project_cta:default project_id=509]

Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

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.

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.

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.

Find out how to get iCIRT rated <a href="https://www.icirt.com/sites/default/files/2025-08/iCIRT-Infographic-Assessment-Process-Final.pdf">here</a>.

<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

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With football season over, Australians can now tip on their second-favourite sport: property auctions.
There’s a website, <a href="https://www.propertytycoon.com.au" target="_blank">www.propertytycoon.com.au</a>, where punters can guess what they think properties will sell for at their weekend auctions in Melbourne and Sydney.
This season <a href="https://www.propertytycoon.com.au/join-league/S7S123C487R8OOQF" target="_blank">Property Observer readers have their own competition, which you can access here</a><a href="https://www.propertytycoon.com.au/join-league/S7S123C487R8OOQF">.</a> The winner of the overall competition will win $1,000.
Property Tycoon’s spring season kicks off this Saturday when some cracking properties go under the hammer. Get on board now and put your tips in for round one to put yourself in the running for the $1,000 prize.
The big talk throughout this spring season will be how this week’s interest rate drop – and the more than likely future cuts – will impact on the market. There is no doubt buyers have been holding back in 2012, but these rate cuts could be just the thing that will spark them into action.
<img src="/images/stories/2012/09/queenspde.jpg">
In Melbourne Rick Daniel from Nelson Alexander Real Estate has had a very good turnout for inspections for the two-bedroom, two-bathroom warehouse conversion at 124 Queens Parade, Fitzroy North (pictured above). He says a couple of parties have shown some very strong interest in the property and expects the top end of the $1 million to $1.1 million range to be cleared on Saturday.
<img src="/images/stories/2012/09/hereford.jpg">
While in Sydney 730 buyers have viewed 152 Hereford Street, Forest Lodge (pictured above), on the web, and of those 80 have thought the property was worthwhile to inspect.  Mark Tooth from Belle Property says he has been very happy with the interest shown in the property. Five contracts have been handed out to prospective buyers, and Tooth believes the $1.2 million to $1.3 million price quote is an accurate indication of where the property will sell on Saturday.
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Melbourne and Sydney residential auction tipping competition kicks off

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A two-bedroom beachfront home in Forresters Beach, NSW, has sold for $1.2 million, or $800,000 less than its original asking price, after spending 720 days on the market, according to SQM Research.
The property at 6 South Scenic Road (pictured) was first on SQM's list of the 10 most discounted homes in Australia for a number of months, having had its asking price reduced from $2 million to $1.1 million plus.  McGrath agents Steve Dudley and Jennifer DeLuca secured a bit more than the lower estimate.
"This has left room for another central coast property to take its place as number one – with 451 Old Pacific Highway, Mooney Mooney Creek, 2083, being bumped up to the top position after only debuting on our list last week," says SQM Research director Louis Christopher.
The central coast of NSW continues to dominate the list, with no properties from NT, SA or Victoria discounted enough to make the list. 
"Number three on the list – 38 Iluka Road, Palm Beach – was originally advertised as going to auction with offers of over $4.75 million," Christopher notes.
"It appears that perhaps the vendors did not receive a high enough offer as the house has now been advertised as 'for sale' with 'offers over $5 million'. This asking price is still a massive $3 million less than the original asking price, so it will be interesting to see if it attracts any serious buyer interest."
1 <a href="https://www.domain.com.au/Property/For-Sale/Rural/NSW/Mooney-Mooney-Creek/?adid=2008808903" target="_blank">451 Old Pacific Highway, Mooney Mooney Creek, NSW, 2083</a>
<a href="https://www.domain.com.au/Property/For-Sale/House/NSW/Forresters-Beach/?adid=2008587390" target="_blank"></a>Days on the market: 588 Initial asking price: $1.55 million Current asking price: $895,000 Reduction: 42%
2
<a target="_blank" href="https://www.domain.com.au/Property/For-Sale/House/NSW/Palm-Beach/?adid=2008878601">38 Iluka Road, Palm Beach, NSW, 2108</a>
Days on the market: 553 Initial asking price: $8 million Current asking price $5 million Reduction: 38%
3
<a target="_blank" href="https://www.realestate.com.au/property-other-tas-taranna-106879142">5756 Arthur Highway, Taranna, Tasmania, 7180</a>
<a target="_blank" href="https://www.realestate.com.au/property-livestock-qld-caboolture-7262420"></a>Days on the market: 713 Initial asking price: $499000 Current asking price: $299,000 Reduction: 40%
4
<a href="https://www.realestate.com.au/property-livestock-qld-caboolture-7262420" target="_blank">19 Lychee Drive, Caboolture, Queensland, 4510</a>
Days on the market: 853 Initial asking price: $949,000 Current asking price: $586,000 Reduction: 38%
5
<a href="https://www.domain.com.au/Property/For-Sale/House/NSW/Greendale/?adid=2008766488" target="_parent">202 Wolstenholme Avenue, Greendale, NSW, 2745</a>
Days on the market: 615 Initial asking price: $2.95 million Current asking price: $1.85 million Reduction: 37%
6
<a href="https://www.realestate.com.au/property-house-wa-two+rocks-106211228" target="_blank">15 Gretel Two Rocks 6037</a>
Days on the market: 1,001 Initial asking price: $1.1 million Current asking price: $690,000 Reduction: 36%
7
<a href="https://www.realestate.com.au/property-house-tas-white+beach-106479093" target="_blank">588 White Beach Road, White Beach, Tasmania, 7184</a>
Days on the market: 853 Initial asking price: $780,000 Current asking price: $499,000 Reduction: 36%
8
<a href="https://www.domain.com.au/Property/For-Sale/Townhouse/NSW/Magenta/?adid=2007217761" target="_blank">1302 Birkdale Place, Magenta, NSW, 2261</a>
Days on the market: 1,558 Initial asking price: $700,000 Current asking price: $450,000 Reduction: 36%
9
<a href="https://www.domain.com.au/Property/For-Sale/House/NSW/Gorokan/?adid=2008670949" target="_blank">323 The Corso, Gorokan, NSW, 2263 </a>
Days on the market: 679 Initial asking price: $680,000 Current asking price: $440,000 Reduction: 35%
10
<a href="https://www.realestate.com.au/property-house-wa-armadale-105464925" target="_blank">99 Lowanna Way, Armadale, WA, 6112</a>
Days on market: 1,270 Initial asking price: $1.85 million Current asking price: $1.2 million Reduction: 35%
 
SQM Research also offers a list of the <a title="SQM Research" href="https://www.sqmresearch.com.au/top100bargains.php" target="_blank">Top 100 Biggest Bargains in Australia </a>for sale.
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Forresters Beach property sells for $800,000 less than original asking price after two years on the market: SQM

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Property investors should be wary of buying house-and-land packages or newly built homes in mining hotspots because they’re often overpriced, according to hotspotting.com.au’s Terry Ryder.
“I strongly tend towards buying second-hand houses than a new product,” said Ryder during a Property Observer webinar.
“One reason is the new product is so much more expensive
“For example if you buying a new house and land package in a place like Gladstone, where there are a lot of new developments, you are paying for the developers’ product and their profit margin."
Ryder says one of the traps investors fall in is buying a new house because of the greater tax deprecation benefits.
“It’s a bit of a trap in places like Gladstone, where there are lot of house-and-land packages being developed and where there are some very big marketing pushes telling people this is the way to invest in Gladstone.
“They push the depreciation benefits, but I think it’s a bit of a trap.
“People need to be wary of that.”
Ryder says investors can buy more affordably by choosing an established property.
“The record shows you get better capital growth from established properties because new properties start from behind the eight ball because you are starting at a very high buy-in base.”
In addition, Ryder says ABS data shows that on average a new houses cost $70,000 more than an equivalent house in the same area – and in some areas the difference is much higher.
“You won’t get the same capital appreciation benefits, but tax benefits should never be the primary reason for what you buy and when."
And the capital return can be poor, especially if someone is forced to sell soon after buying a new home.
In these instance, he says investors seldom got their money back.
“That’s because the true price of that product in the market is less than what the developer is asking and that’s the biggest problem.”
To get more tips and insights on investing in mining hotspots watch the free Property Observer webinar: <a href="/news">Why the mining boom is far from over - and how you can benefit</a>
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Investors should be wary of buying house-and-land packages in mining hotspots: Terry Ryder

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Inner-Brisbane new apartment sales almost doubled over the August 2012 quarter, with projects associated with developer David Devine proving far and away the most popular, according to the latest Midwood Report.
The Midwood Report recorded 363 apartment sales over the three months to August, compared with 192 recorded over the corresponding period last year.
The majority were high-rise sales, which increased from 133 to 316 quarter-on-quarter, with the August 2012 quarter recording the largest number of high-rise sales since May 2005
Click to enlarge
<a href="/images/stories/2012/09/midwoodoct3.gif" rel="shadowbox" title="Click to enlarge"><img src="/images/stories/2012/09/midwoodoct3thumb.gif"></a>
Source: Midwood Report
According to report author Bill Morris, sales were mostly to overseas investors, “indicating that prices have finally reached the point which neutralises the effect of the high Australian dollar”.
The report also notes that Brisbane rents have been rising at 8.1% per annum over the past five years to August 2011, outpacing median household income, which has risen by only 4.5% per annum over the same period.
“These rent increases are unprecedented in Australia and indicate a critical shortage of investment properties. This reflects both the limitations on lending for property development and the statutory processes and costs of development, which now virtually eliminate small developers from the market,” says Morris.
<img src="/images/stories/2012/09/plaza3.jpg">
The top-selling project over the quarter was Metro Property Development’s Plaza project (pictured above) in South Brisbane, which recorded 113 sales over the quarter, with apartments priced from $413,000 for a one-bedroom unit rising to $562,000 for a two-bedroom, two-bathroom unit.
Metro was co-founded by David Devine and Ken Woodley.
The Plaza project was designed by architects Deicke Richards and includes 168 apartments over 12 levels with a total end value of $80 million.
Jon Rivera, associate director at property consultants Urbis, says South Brisbane appealed to both owner-occupiers and investors due to its solid infrastructure, “high rental yield for landlords and a great lifestyle for those who live there”.
“On average the rentals in South Brisbane are achieving a rental premium of approximately between 20% to 30% above inner-city Brisbane rentals. This indicates the strong demand for accommodation in the suburb and more specifically the shortage of residential supply, which may be pushing rental rates,” he says.
Off-the-plan marketing of the Plaza project began in August, with construction due to begin next month.
 
<hr class="system-pagebreak">
The second and third-best selling projects were also Metro projects.
Brooklyn on Brookes in Fortitude Valley, which is now under construction at the corner of Ann and Brookes streets, managed 84 sales, with 216 out of the 260 apartments available now sold.
One-bedroom units in the project sold starting from $418,000 rising to $588,500 for a two-bedroom, two bathroom unit measuring 75 square metres.
<img src="/images/stories/2012/07/madison-heights.jpg">
Metro’s Madison Heights project (pictured above) on Campbell Street in Bowen Hills recorded 55 sales over the quarter, with prices starting from $346,000 for a one-bedroom unit rising to $556,000 for a two-bedroom, two-bathroom unit
Morris says the price point is around $7,000 per square metre for small units sized between 55 to 70 square metres. The mix comprises one-bedroom, one-bathroom units or two-bedders.
Metro sold 84% (165 out of 195 apartments) of apartments in its New York-style Chelsea development in Bowen Hills to investors, with 90% of these apartments having secured tenants.
The project was developed in conjunction with Indian-based Pearls Australasia.
“Rental vacancies in Brisbane’s inner city are currently very limited,” notes David Devine. 
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Inner-Brisbane apartment sales surge as rents rise and investors seize opportunity: Midwood

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Luxury residential property developer Piccolo has secured the sale of  half of the 110 apartments in its boutique apartment complex Upper House.
It was 45% sold a month ago.
<img src="/images/stories/2012/10/upperhouse.jpg">
The former Electrical Trades Union building site is becoming a 17-level project with its residents located skyhigh on the Melbourne city fringe.
<img src="/images/stories/2012/10/upperhouse2.jpg">
Piccolo says that those who are buying into Upper House will want to live there, not rent their properties out.
Located at 516-520 Swanston Street, Upper House comprises two distinctive components, The Cloud and The Podium.
The Cloud apartments float above The Podium apartments and are marketed as offering a sense of levitation and floating like a cloud.
<img src="/images/stories/2012/10/upperhouse3.jpg">
An 11th floor Observatory level will be a communal space of 500 square metres – accounting for 10% of the total project space, with a gymnasium, lounge, dining area and skyline garden.
“Upper House is a boutique project that is spearheading a design revolution - It is innovative and has its own special identity. It combines location, luxury and, thanks to The Observatory level, a fresh twist on high-end urban apartment living,” says Piccolo Developments director Michael Piccolo.
<img src="/images/stories/2012/10/upperhouse4.jpg">
The apartments will have black chrome features.
 
<hr class="system-pagebreak">
 
The Podium (levels 1-10) features 60 one-bedroom, one-bathroom apartments with a floor area of 41-44 square metres and 30 two-bedroom, one-bathroom apartments with floor areas of 53-57 square metres. Apartments in The Podium start from $380,000.
The Cloud apartments start from $700,000 and are located on levels 12 to 17. The 20 two-bedroom, two-bathroom apartments have a larger floor area of 64-65 square metres.
<img src="/images/stories/2012/10/upperhouse5.jpg">
The Upper House façade has been designed by Jackson Clements Burrows Architects, which offers a three-dimensional look through the scattering of balconies and windows.
<img src="/images/stories/2012/10/upperhouse6.jpg">
With Mima and Michael Piccolo at the forefront of the family business, Piccolo Developments has completed more than 500 apartments over the past 10 years.
Past developments include The Garden House, which recently claimed accolades including the Urban Development Institute of Australia State and National Award for Best Medium Density Development, and The President’s Away, “Australia’s Most Outstanding Development”.
Due for completion in 2014, Upper House apartments are being sold by Melissa Hall from Colliers International.
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Piccolo's Upper House Swanston Street high rise halfway sold

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Investors continue to focus attention on Gladstone, arguably the number-one boom town in the nation. I get asked lots of questions about the wisdom of buying there. 
The problem? The optimum time to buy there was two years ago. If you buy now, you’re paying for someone else’s capital gains. 
The question I get asked – about Gladstone and other growth centres – is this: why didn’t I know about this place in 2010? 
The answer: because you didn’t know what to look for, nor where to find it. 
Gladstone’s capital growth over the past two years was a no-brainer for anyone with the habit of acquiring pertinent information. 
This is something all wannabe investors should do, but few know how to start and even fewer are willing to spend time and money. 
Therein lies the answer to another question: why do so few attain their goals as investors? 
Many want a shortcut to the next growth area. They want the inside information but aren’t willing to get any dirt under their fingernails. 
People with that mentality are in the wrong business. They have a bleak future as property investors.
The alternative to paying for good information is hard work. If you don’t want to pay for market intelligence, you have to acquire it at the expense of your own time. 
The good news is that all the information you could ever need is out there. Anyone with internet access can find it. 
The bad news is you have know where to look and you have to be willing to spend time. 
 
<hr class="system-pagebreak">
Most look in the wrong places. They read metropolitan newspapers with articles written primarily by non-experts with a focus on the wrong issues. 
Newspapers love printing lists of suburbs and towns which have shown the highest growth in median prices in the past 12 months – and misrepresent the figures as growth in property values, which they very often are not. 
For investors seeking the best places to buy, this is worthless information. At best, it tells you where you should have bought a year ago. For the purposes of this discussion I’ll overlook the many vagaries and anomalies inherent in median prices or alternative methodologies, which often lead to misinformation that sends investors down false trails. 
Investors need to seek out information sources that tell them about more relevant things than median price trends. Like where the new roads and rail links are being built, where new businesses are being generated, where mines and factories and power plants are being created. It’s all about infrastructure and jobs, which translate in short time into demand for real estate. 
Intelligent use of the internet makes it relatively easy, but it requires discipline. If you’re serious about property investment, you have to commit some time every day. 
Accumulate information. Gather knowledge. Learn which locations have growth economies. Notice which areas have proactive councils. Be among the first to know about new developments. Pick up on places set to benefit from new infrastructure. 
Gladstone, which has a massive future as an industrial muscle city, will continue to deliver growth for property buyers. But investors should be hunting for locations that look the way Gladstone did five years ago, before it started building three liquefied natural gas processing facilities. 
They won’t find them unless they develop the habit of gathering intelligence.
Terry Ryder is the founder of <a href="https://www.hotspotting.com.au/" rel="nofollow" target="_blank">hotspotting.com.au</a> and can be <a href="https://www.twitter.com/hotspotting" rel="nofollow" target="_blank">followed on Twitter</a>.
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terryryder-YECXbqmri2

How property investors can find the next Gladstone: Terry Ryder

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The national weighted auction clearance rate was recorded at 52.5% last week, down from 56.5% the week prior. Auction volumes were subdued over the week, with 741 capital city auctions taking place, compared with 1,733 the week prior. At the same time last year, there were 643 auctions held across the capital city markets with a clearance rate of 39.5 per cent.
The traditionally subdued weekend of auctions, due to both the AFL and NRL grand final being held, brought auction volumes in Melbourne, Australia’s largest auction market, down from from 754 auctions the week prior to just 55 auctions last week. Clearance rates in Melbourne increased on the low volume to 77.8% last week, compared with 6% the previous week and 46.7% over the same week last year.
In Sydney last week, auction volumes were down from 671 the week prior to 489, while the auction clearance rate fell slightly from 59.2% to 58.7%. At the same time last year, over the 319 Sydney auctions, the auction clearance rate was recorded at 44.4%.
Click to enlarge
<a href="/images/stories/2012/09/rpoct2.gif" rel="shadowbox" title="Click to enlarge"><img src="/images/stories/2012/09/rpoct2thumb.gif"></a>
Source: <a target="_blank" href="https://www.myrp.com.au/">RP Data</a>
What do you think will happen in the spring property market? <a target="_blank" href="http://propertyobserver.com.au/ebooks/the-spring-property-outlook-survey">Complete our five-minute spring property outlook survey</a> for your chance to win an iPhone 5.
And for more on the spring property market, download our free eBook <a target="_blank" href="http://propertyobserver.com.au/ebooks/free-ebook-auction-or-private-treaty-plus-9-spring-2012-selling-tips">Auction vs. Private Treaty Plus 9 Spring 2012 Selling Tip</a>s
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Big two capital cities set for 500-plus auctions this week: RP Data

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Declining enrolments have triggered the listing of the 1.6-hectare site of the Sydney Adventist College in Strathfield.
It's been operating since 1953 at the campus which will close at the end of the year. The property was transferred from the Tein family for £250 to the Australasian Conference Association.
<img src="/images/stories/2012/09/strathfield.jpg">
The Albert Road college was originally built to cater to 550 students, but enrolments have declined to 146 as families have moved to the outer suburbs.
<img src="/images/stories/2012/09/strathfield1.jpg">
The college's junior campus in Auburn will remain open.
The school had become economically unsustainable as there had been a steady decline in enrolments over the past 20 years.
<img src="/images/stories/2012/09/strathfield2.jpg">
"This situation and the uncertain economic climate have forced us to make some very difficult decisions," President of the Seventh-day Adventist Church in Greater Sydney, Pastor Michael Worker, told the News Ltd local paper in July.
The site's current zoning of special uses (school) is set to attract interest from other private schools, universities, private colleges and religious groups such as Scientology and the Hare Krishna.
It is currently leased in part to Australian Catholic University. The gross rental has been $182,000 per annum. 
It's possible interest could also come from aged-care interests along with residential developers, as the draft Strathfield local environment plan, which was exhibited earlier this year, proposes low-density R2 residential.
<img src="/images/stories/2012/09/strathfield3.jpg">
Offers are due October 25 through Colliers International agents Jonathon Canavan and Phillip Bradac.
The substantial parcel of land has high school facilities, a large auditorium providing indoor sports courts/gym, stage and seating for some 1,000 to 1200 people.
There are administration offices, numerous specialty teaching areas, laboratories, wood works, metal work and other arts and crafts areas, a library, canteen, two tennis / basketball courts, a sports field, car parking and two freestanding homes.
Local agents suggest it should be worth at least $1000 a square metre, especially with the current improvements on the site.
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Shifting demographics trigger Sydney Adventist College, Strathfield site listing

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Dudley, the southern coastal suburb of Newcastle that started life as a coal mining town in the 1880s, has ranked as Australia’s number one location for house price growth, according to figures compiled by RP Data.
The latest Top 100 suburb report, which examines median dwelling value changes for the 12 months to June 2012 is heavily populated by regional locations close to mining activity, which make up almost a third of locations on the list.
Dudley secured top spot on the list by registering a 35.7% increase in dwelling prices over the year to June from a median of $394,000 to $535,000.
The prominence of Dudley and 11 other Hunter regions in the top 100 reflects a trend of dissatisfied Sydneysiders, many of whom have been priced out of the market, heading north and buying in the more affordable suburbs of Newcastle and nearby Lake Macquarie.
What is now a coastal suburb with waterfront properties, began life as a South Burwood Colliery in 1885 with sinking operations commencing in 1888. In 1898 a methane gas explosion killed 15 miners.
<a href="https://www.flickr.com/photos/uon/6953961295/">Grainy turn-of-the-century images</a> show Dudley as an industrial town dominated by the Dudley Coal Mine, a far-cry from its current status as a lifestyle destination and short walk to the beach for many residents.
An advertisement for a <a href="https://www.flickr.com/photos/uon/5956375616/">clearance sale of Dudley township allotments in 1927</a> by the Dudley Land and Coal Company Estate shows 47 homesites for sale requiring a 20% cash deposit and monthly repayments of £1 a month on a 5% interest rate.
RP Data national research director Tim Lawless attributed the growth to a combination of increased prices and extra house sales.
Dudley recorded 32 sales in the year to June compared to 21 in the previous year with Lawless adding that its growth was also due to it being a small housing market, which have volatility.
“It’s a market close to the Hunter, close to resources, it’s got lifestyle and is close to thriving mining regions,” Lawless told The Weekend Australian.
Second on the list behind Dudley is the Queensland mining town of Collinsville in the coal-rich Bowen Basin region in central Queensland (prices up 34.9%) followed by another coal mining hotspot, Moranbah (34.2%).
WA’s Pilbara mining region is also strongly represented with South Hedland and Port Hedland ranking in the top 10 and notable for their high median dwelling prices - $898,000 and $1.28 million respectively.
Top 10 suburbs for house price growth
<table border="1" cellpadding="0" cellspacing="0"><tbody>
<tr>
<td valign="top" width="103">
Rank
</td>
<td valign="top" width="75">
State
</td>
<td valign="top" width="131">
Suburb
</td>
<td valign="top" width="103">
Median June 2012
</td>
<td valign="top" width="103">
Median June 2011
</td>
<td valign="top" width="103">
Change
</td>
</tr>
<tr>
<td valign="top" width="103">
1
</td>
<td valign="top" width="75">
NSW
</td>
<td valign="top" width="131">
Dudley
</td>
<td valign="top" width="103">
$535,000
</td>
<td valign="top" width="103">
$394,000
</td>
<td valign="top" width="103">
35.7%
</td>
</tr>
<tr>
<td valign="top" width="103">
2
</td>
<td valign="top" width="75">
Qld
</td>
<td valign="top" width="131">
Collinsville
</td>
<td valign="top" width="103">
$273,000
</td>
<td valign="top" width="103">
$202,000
</td>
<td valign="top" width="103">
34.9%
</td>
</tr>
<tr>
<td valign="top" width="103">
3
</td>
<td valign="top" width="75">
Qld
</td>
<td valign="top" width="131">
Moranbah
</td>
<td valign="top" width="103">
$722,000
</td>
<td valign="top" width="103">
$538,000
</td>
<td valign="top" width="103">
34.2%
</td>
</tr>
<tr>
<td valign="top" width="103">
4
</td>
<td valign="top" width="75">
WA
</td>
<td valign="top" width="131">
South Hedland
</td>
<td valign="top" width="103">
$898,000
</td>
<td valign="top" width="103">
$673,000
</td>
<td valign="top" width="103">
33.4%
</td>
</tr>
<tr>
<td valign="top" width="103">
5
</td>
<td valign="top" width="75">
Qld
</td>
<td valign="top" width="131">
Blackwater
</td>
<td valign="top" width="103">
$449,000
</td>
<td valign="top" width="103">
$341,000
</td>
<td valign="top" width="103">
31.9%
</td>
</tr>
<tr>
<td valign="top" width="103">
6
</td>
<td valign="top" width="75">
NSW
</td>
<td valign="top" width="131">
Wee Waa
</td>
<td valign="top" width="103">
$218,000
</td>
<td valign="top" width="103">
$167,000
</td>
<td valign="top" width="103">
30.4%
</td>
</tr>
<tr>
<td valign="top" width="103">
7
</td>
<td valign="top" width="75">
WA
</td>
<td valign="top" width="131">
Port Hedland
</td>
<td valign="top" width="103">
$1.28 m
</td>
<td valign="top" width="103">
$1 m
</td>
<td valign="top" width="103">
26.4%
</td>
</tr>
<tr>
<td valign="top" width="103">
8
</td>
<td valign="top" width="75">
SA
</td>
<td valign="top" width="131">
Whyalla Playford
</td>
<td valign="top" width="103">
$286,000
</td>
<td valign="top" width="103">
$228,000
</td>
<td valign="top" width="103">
25.4%
</td>
</tr>
<tr>
<td valign="top" width="103">
9
</td>
<td valign="top" width="75">
NSW
</td>
<td valign="top" width="131">
Hurstville
</td>
<td valign="top" width="103">
$931,000
</td>
<td valign="top" width="103">
$748,000
</td>
<td valign="top" width="103">
24.5%
</td>
</tr>
<tr>
<td valign="top" width="103">
10
</td>
<td valign="top" width="75">
NSW
</td>
<td valign="top" width="131">
Bonnyrigg Heights
</td>
<td valign="top" width="103">
$522,000
</td>
<td valign="top" width="103">
$420,000
</td>
<td valign="top" width="103">
24.4%
</td>
</tr>
</tbody></table>
Source: The Weekend Australian/RP Data
The Top 100 also reflects the declining or stagnant prices in many prestige suburbs with only five suburbs with a median dwelling price of $1 million or more making it onto the list.
They include Cremorne on the Sydney north shore, which ranked 63rd with prices up 14.7% to a median of $1.63 million and Hawthorn East in Melbourne, which ranked 40th with prices up 17.2% to a median of $1.3 million.
The other million dollar suburbs on the list were all in Sydney namely, Connells Point (up 15%, $1.9 million), Russell Lea (up 13.8% to $1.19 million) and Milsons Point (up 16.2% to $1.11 million).
The list includes just one Tasmanian suburb - the scenic township of Cygnet, which ranked 35th with median dwelling values up 17.6% - reflecting a 4% fall in median house prices on the Apple Isle over the past year.
Census 2011 data shows that Dudley is predominantly made up of houses (83.3%) with half of dwellings having three bedrooms and more than a quarter having four bedrooms or more.
The property investment market in Dudley is relatively small with just 22% of Dudley homes available for rent compared to 30% across NSW.
The average monthly mortgage repayment is $1,800 per week with just 8.5% of Dudley residents technically in mortgage stress (mortgage payments are 30%, or greater, of household income) below the state average of 10.5%.
Recent sales around Dudley (post code 2290) include this <a target="_blank" href="https://www.realestate.com.au/property-house-nsw-charlestown-111341887">five-bedroom, two-bathroom house at 49 Oceanview Parade</a>, Charlestown which sold for $442,000 through Cveta Kolarovski of PRDnationwide Newcastle &amp; Lake Macquarie.
It previously sold for $367,500 in February 2008.
Mary Sparkes from Creer Property – Charlestown sold<a target="_blank" href="https://www.realestate.com.au/property-apartment-nsw-charlestown-111318515"> this two-bedroom ground floor unit with garage on Milson Street </a>for $248,000 aimed at the investor market.
Median rent in Dudley is $280 per week, according to census 2011 data, providing an indicative rental yield around 5.9%.
 
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Little-known Dudley heads RP Data's Top 100 growth suburbs, with mining towns prominent and prestige suburbs absent

<html><body>Australian Property Monitors (APM) has released a list of results from 238  auctions in Sydney for the weekend of September 29. The clearance rate was 61.8%. <a target="_blank" href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf"> Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

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