Article summary

<ul data-end="785" data-start="311">
	<li data-end="459" data-section-id="5hbcyr" data-start="311">Pikos Group has released the five-penthouse collection at Skye Kangaroo Point, headlined by a two-storey sky home spanning more than 1,000 sqm.</li>
	<li data-end="561" data-section-id="1p7lq8n" data-start="460">Early buyer interest suggests the residences could set a new Queensland apartment price record.</li>
	<li data-end="667" data-section-id="1y70z0l" data-start="562">The collection includes four move-in ready penthouses and the highly customised Skye One residence.</li>
	<li data-end="785" data-section-id="yvm0y1" data-start="668">The release caps one of Bri​sbane's most ambitious luxury apartment developments overlooking the Brisbane River.</li>
</ul>

<hr data-end="790" data-start="787" />
Pikos Group has released the five-penthouse collection at its <a href="https://www.apartments.com.au/buildings/skye-residences-by-pikos-kangaroo-point-8-river-terrace-kangaroo-point-qld-4169">Skye by Pikos</a> development in Kangaroo Point, with early buyer interest indicating the flagship residences could eclipse every apartment sale previously recorded in Queensland.

The collection crowns the luxury riverfront development with five residences, including four completed penthouses and Skye One, a two-level sky home spanning more than 1,000 sqm that will be tailored to its eventual owner.

[smartcode_project:default project_id=90059 project_image_fid=374075]

Wanting to offer a fully customisable home, Pikos is offering Skye One as a blank canvas, allowing the buyer to work alongside the developer's design team to customise the home's layout, finishes and internal spaces.

The residence will feature a 247 sqm private rooftop terrace with its own swimming pool, sauna, steam room, outdoor kitchen and multiple entertaining areas overlooking the Brisbane River and CBD skyline.

The remaining four penthouses have been completed and are ready for immediate occupation, each offering four bedrooms, expansive open-plan living areas, soaring ceilings and private lift access.

[smartcode_project:default project_id=90059 project_image_fid=374059]

One of the defining features throughout the project is its use of Roman Classic Travertine, with more than 20,000 sqm of the natural stone imported from Italy after being personally selected by Pikos Group Founder and Executive Director Pedro Pikos, interior designer Julie Williamson and third-generation stone specialist Mario Caucci.

Pikos said the penthouse collection represented the culmination of the company's long-term vision for Skye.

"True legacy isn't measured by what we build today, but by what endures tomorrow," Pikos said.

"Our ambition is to create places that become more valuable with time, enrich the lives of generations, and stand as timeless landmarks long after we've stepped away."

[smartcode_project:default project_id=90059 project_image_fid=374060]

Williamson said the interiors were inspired by the natural character of Kangaroo Point and the Brisbane River rather than international design trends.

"Materiality tells the story of a place," Williamson said.

"We looked to the movement of the Brisbane River, the texture of the cliff face and the warmth of the surrounding landscape to create interiors that feel understated, enduring and unmistakably Brisbane."

Positioned above the Kangaroo Point cliffs, Skye places residents within walking distance of Howard Smith Wharves, South Bank and James Street while offering uninterrupted river and city views.

[smartcode_project_cta:default project_id=90059]

Joel Robinson

Brisbane's next apartment price record? Pikos unveils Skye's exclusive penthouse collection

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

A proposal to redevelop one of North Sydney's ageing commercial buildings has taken another step forward, with plans for a 38-storey mixed-use tower adding momentum to the long-awaited transformation of the Alfred Street precinct.

Now on public exhibition through the NSW Government's Housing Delivery Authority-led State Significant Development pathway, the proposal for 271-273 Alfred Street would replace an underutilised commercial building with 95 apartments, ground-floor retail, commercial space and affordable housing. The proposal was submitted by&nbsp;Tara Shore Pty Ltd, acting for the John Taylor Family Trust.

While the project will deliver much-needed housing on the southern edge of the North Sydney CBD, it also represents another piece of a broader precinct that has spent years in planning limbo.

<img alt="First look: New public domain vision underpins 95-apartment North Sydney tower on Alfred Street" data-entity-type="file" data-entity-uuid="7e1ce1b4-38df-48ab-992f-386814d86308" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Alfred%20St%20da%20podium.png?VersionId=sC_h6w.A9VEoB98qsqowPlIoz__sBZBt" />

Despite its proximity to both North Sydney Station and the Victoria Cross Metro, redevelopment of Alfred Street has progressed slowly over the past decade as broader planning controls, zoning and building heights remained unresolved. The introduction of the Housing Delivery Authority pathway has provided a new avenue for projects to progress, allowing rezoning and development assessment to occur concurrently and unlocking sites that have long been earmarked for renewal.

Designed by Office of Cortese &amp; Gilder, the proposal seeks to do more than replace an ageing office building. The architects have positioned the project as the first stage of a wider public domain vision that would improve pedestrian connectivity and create a more cohesive mixed-use precinct as neighbouring sites are redeveloped over time.

The proposal includes a widened Alfred Street setback, new street trees, landscaping and outdoor seating, along with a landscaped through-site pedestrian link connecting Alfred Street with Little Alfred Street. The connection is intended to become the first section of a future east-west pedestrian network extending across the precinct.

<img alt="First look: New public domain vision underpins 95-apartment North Sydney tower on Alfred Street" data-entity-type="file" data-entity-uuid="8ea39ac3-46ad-4562-b4a0-b862e91c2dda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Alfred%20St%20da%20site.png?VersionId=K7umCd21KpetEFuVfsPlnJKhUOsmTTdV" />

The mixed-use tower would comprise retail space at ground level, commercial uses on level two and apartments from level three upwards.

In total, the development would deliver 95 apartments, including nine one-bedroom, 28 two-bedroom, 56 three-bedroom and two four-bedroom residences. Twenty-one apartments, representing 15 per cent of the residential gross floor area, would be secured as affordable housing and managed by a registered community housing provider for at least 15 years.

Nine basement levels would provide 133 resident car spaces, seven motorcycle spaces and 111 bicycle spaces.

According to the Architecture and Urban Design Report, the public domain strategy is designed to transform what is currently an inward-facing commercial edge into a more active and connected pedestrian environment, creating a stronger relationship between the commercial core and surrounding residential neighbourhoods.

Office of Cortese &amp; Gilder has also prepared a broader public domain framework spanning neighbouring properties between 263 and 283 Alfred Street, arguing that a coordinated approach to redevelopment will deliver better public spaces, improved tower separation and a more connected streetscape as the precinct evolves.

The proposal comes at a time where North Sydney is slated for future residential growth. Commercial developer FiveX has residential plans for the neighbouring site at 275 Alfred Street. They've proposed a 39-storey mixed-use tower with 184 apartments, while Freecity was recently approved for nearly 300 apartments across a 51-storey building on Walker Street.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-freecity-gets-green-light-for-mixed-use-apartment-and-hotel-tower-in-north-sydney">First look: Freecity gets green light for mixed-use apartment and hotel tower in North Sydney</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-fivex-plans-39-storey-residential-tower-in-booming-north-sydney">First look: Fivex plans 39-storey residential tower in booming North Sydney</a>

&nbsp;

Alfred Street the latest North Sydney pocket to be transformed by residential development

Buyers considering a residence at boutique Gordon townhouse development <a href="https://www.apartments.com.au/new-townhouses/lume-gordon-43-47-dumaresq-street-gordon-nsw-2072">Lume</a>&nbsp;now have another reason to bring forward their decision.

For a limited time, purchasers of a residence at Lume will receive a BMW iX3 50 electric SUV, valued at more than $120,000, as part of their purchase. The offer is designed to add value for buyers while complementing the lifestyle envisioned for the architecturally designed Upper North Shore development.

Scott Timmins, Development Manager at <a href="https://www.apartments.com.au/developers/winim">WINIM</a>, said the partnership was created to provide buyers with a compelling reason to act.

"In today's market, buyers need a compelling reason to act now, and the BMW partnership was designed to create that catalyst. We wanted to add genuine value for our future purchasers. Choosing the all-electric BMW iX3 50 also reflects the values behind LUME, forward-thinking design, innovation and a more sustainable way of living. It's a premium incentive that complements the lifestyle our buyers aspire to and rewards those who commit early."

[smartcode_project:default project_id=7354 project_image_fid=374893]

Delivered by WINIM in partnership with Burtonwood Investment Partners, Lume comprises 14 architecturally designed two, three and four-bedroom townhomes created for families seeking the space of a freestanding house with the ease of modern, low-maintenance living.

The three-storey residences, designed by award-winning architecture practice <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, have been tailored for families and multi-generational living, featuring private internal lifts, flexible lower-level spaces, generous open-plan living and entertaining areas, media rooms, and landscaped outdoor spaces with custom outdoor kitchens.&nbsp;

Inside, engineered oak flooring, bespoke dining joinery with integrated wine fridges and backlit bars, sculptural porcelain bathrooms, Parisi freestanding baths and Astra Walker tapware create interiors that balance functionality with refined finishes.

Each townhome has been designed to combine generous internal spaces with sustainability initiatives such as EV charging infrastructure, while <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>'s landscaped communal areas, centred around a restored creek line and native planting, encourage residents to connect with nature and spend more time outdoors.

[smartcode_project:default project_id=7354 project_image_fid=269527]

Rothelowman's Gary Tsui said the architecture was conceived to respond carefully to its Upper North Shore setting.

"Our vision was to create elegant, uplifting homes that draw on and positively contribute to the local character through meticulously considered design and an interaction with the surroundings."

The communal landscape has been designed as more than an open space between homes. Arcadia's Ben Newell and Kate Phillips said the adjoining reserve provided an opportunity to create a distinctive natural retreat for residents.

"Just as waterways carve their way through Ku-ring-gai's landscape, a raised boardwalk weaves through the reserve, connecting the homes to this tranquil oasis."

[smartcode_project:default project_id=7354 project_image_fid=374892]

Located just 300 metres from <a href="https://www.apartments.com.au/developments/gordon-nsw-2072">Gordon</a> Village and Gordon railway station, Lume offers convenient access to Sydney's CBD while placing residents close to some of the North Shore's leading schools, including Ravenswood, Pymble Ladies' College and Knox Grammar. Lane Cove National Park, Gordon Golf Club and a range of cafés and restaurants further reinforce the family-focused lifestyle on offer, with the BMW iX3 50 complementing everything from local trips around Gordon to weekend drives and city commutes.

Construction is underway with completion expected in mid-2027.

[smartcode_project_cta:default project_id=7354]

Boutique Gordon townhomes now come with a BMW iX3 50

Two apartments have sold for more than $10 million at EADE Byron Bay, setting some of the highest apartment prices ever achieved in the coastal town and underlining the growing appetite for luxury beachfront apartments in Australia's most popular coastal locations.

The $210 million project by Vitale Property Group has now secured more than $70 million in sales, led by residences that changed hands for $12.75 million and $11.75 million.

The record-breaking transactions reinforce the shift occurring in Byron Bay's premium property market, where affluent downsizers and lifestyle buyers are increasingly opting for high-end apartments over large beachfront homes.

<a href="https://www.apartments.com.au/new-apartments/eade-byron-bay-29-shirley-street-byron-bay-nsw-2481">EADE Byron Bay</a> occupies a rare 6,000 sqm absolute beachfront site on the corner of Shirley and Milton Streets overlooking Main Beach and The Wreck surf break, just 350 metres from Byron Bay's town centre.

The 25-residence development is the first beachfront apartment project approved in Byron Bay in more than a decade and is currently under construction, with completion expected in May 2027.

[smartcode_project:default project_id=145590 project_image_fid=359521]

The project has attracted a mix of local Byron Shire residents downsizing from larger homes, alongside interstate buyers from Sydney, Melbourne and Brisbane seeking a permanent coastal lifestyle without compromising on space.

Designed by <a href="https://www.apartments.com.au/architects/hayball">Hayball</a> and with interiors by <a href="https://www.apartments.com.au/interior-designers/alexander-co">Alexander &amp; Co</a>, EADE comprises&nbsp;10 garden apartments ranging from 284 sqm to 622 sqm, nine with private pools, five full-floor apartments and 10 rooftop residences with private plunge pools, expansive outdoor entertaining areas and uninterrupted ocean views.

[smartcode_project:default project_id=145590 project_image_fid=359527]

<a href="https://www.apartments.com.au/developers/vitale-property-group">Vitale Property Group</a> Managing Partner Chris Vitale said the project's combination of scale, location and limited future supply was driving buyer demand.

"There isn't another beachfront holding in Byron Bay of this size and position that could be developed again," Vitale said.

"Buyers are responding to the scarcity and the irreplaceability of a site of this calibre and to floorplans they can't find elsewhere in the market.

"We are seeing buyers place significant value on quality, space, design, resort-style amenities and the rarity of the location. The sales achieved to date demonstrate that discerning purchasers recognise the long-term significance of what is being created at EADE Byron Bay.

"Many are coming from larger homes in the Byron region, or from Sydney, Melbourne and Brisbane, and are after the space, security and convenience, without the upkeep of a house."

&nbsp;

[smartcode_project:default project_id=145590 project_image_fid=359523]

The Byron Bay project follows Vitale Property Group's delivery of the Mondrian Hotel and Private Residences at Burleigh Heads, with EADE continuing the developer's focus on luxury coastal developments.

Residents will have access to a resort-style swimming pool, gymnasium, sauna, cold plunge pool, concierge services and dedicated workspaces, while the project is targeting an 8-Star Green Star rating.

EADE Byron Bay is being exclusively marketed by Projx Australia in conjunction with WHITEFOX Projects.

WHITEFOX National Projects Director Phillip Rand said demand had been driven predominantly by owner-occupiers.

"We are seeing buyers at EADE place significant value on quality, space, design, resort-style amenities and the rarity of this location," Rand says.

"The sales achieved to date demonstrate that purchasers at this level recognise the long-term significance of what is being created at EADE Byron Bay."

Residences at EADE Byron Bay are currently priced between $4.75 million and $15.95 million.

&nbsp;

&nbsp;

&nbsp;

&nbsp;

&nbsp;

[smartcode_project_cta:default project_id=145590]

Vitale breaks Byron Bay records with EADE sales flurry 

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?

When buying an apartment, most people compare the big-ticket items first. Floorplans. Kitchens. Balcony size. Natural light. The view.

But there's one everyday consideration that often doesn't come up until after moving in: how parcels are delivered.

As online shopping has become part of everyday life, parcel deliveries have shifted from an occasional event to a regular occurrence. Australians spent a record $82.6 billion shopping online in 2025, with almost one in every four retail dollars now spent digitally.

For apartment residents, that can present a challenge.

If nobody is home to accept a delivery, parcels may be redirected to a nearby Post Office, left in a building lobby or common area, or require building management to step in. In higher-density buildings, where dozens or even hundreds of residents may receive deliveries each day, parcel management has become an increasingly important part of everyday living.

That can create a range of frustrations. A missed delivery often means making time to collect a parcel elsewhere, while packages left unattended in foyers or mail areas can create clutter and increase the risk of theft. What seems like a minor inconvenience can quickly become a recurring issue for residents who shop online regularly.

It's one of those details that rarely features in a display suite but can have a noticeable impact once residents move in.

As a result, buyers are beginning to look beyond traditional apartment features and consider how a building supports day-to-day convenience, including whether there are secure options for receiving deliveries.

Australia Post's Parcel Lockers provide one solution.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/CkF2oKmlACg?si=C50sDaoUUn2nuLmq" title="YouTube video player" width="560"></iframe>

Rather than having a parcel delivered directly to an apartment, eligible deliveries can be sent to a nominated Parcel Locker. Once the parcel arrives, residents receive a notification through the AusPost app or SMS and can collect it using a QR code or one-time PIN at a time that suits them.

The Parcel Locker network now includes more than 1,500 locations nationwide, with installations at Post Offices, shopping centres, transport hubs and an increasing number of residential developments. By providing a secure collection point, Parcel Lockers help reduce missed deliveries and avoid parcels being left unattended in common areas.

For developers, parcel infrastructure is becoming another way to improve the resident experience. Rather than relying on concierge staff or leaving parcels in communal spaces, secure collection points help streamline deliveries while preserving the presentation and functionality of shared areas.

For buyers, it's a reminder that the best apartment features aren't always the most obvious.

A generous floorplan or quality finishes might help narrow the shortlist, but the conveniences that simplify everyday life, whether that's EV charging, secure bike storage or reliable parcel delivery, often become the features residents appreciate most once they're living there.

The apartment feature many buyers don't think about, until their first missed delivery

<html><body>
A new apartment development is set for Noosaville's Gympie Terrace.
Khalani, designed by Kidd + Co principal Stephen Kidd,<a href="https://www.realestate.com.au/property-apartment-qld-noosaville-119606359" target="_blank"> will comprise six apartments</a>, built by Mark Bain Constructions.
The one, two and three bedroom apartments are being marketed toward retirees, in what Kidd says is a "very sought after location".
According to Kidd, Khalani at 279 Gympie Terrace will be the first new development at that end of Gympie Terrace since Platinum, which he designed about six years ago. David Connolly, the marketing agent and principal of Century 21 Conolly Hay Group Co, agrees that properties in that position are rare.
"This position showcases one of the most stunning Noosa River vistas available, with a view stretching all the way to the river mouth," he says. All living areas face north-east.
The three level building will have two apartments on each level, with pool access for the ground floor apartments. Kidd + Co describe the design as "conservative and classic".
"We haven't embarked on any new techniques, instead we've concentrated on refining quality to make this development the best it can be," says Kidd.
Plans for Khalani are still subject to final council approval.
</body></html>

jrichardson-uRX5hFdKfN

Stephen Kidd-designed Khalani development planned for Noosaville

<html><body>
Over the most recent four week period, the number of new listings added to the market has remained somewhat subdued with the traditional slow-down in listings experienced each year around Easter still included in the four week reporting period.
The number of new residential property listings are broadly still lower than they were one year ago. Across the combined capitals, 24,535 new listings were added to the market over the four weeks ending 26 April 2015, -4.8% lower than the 25,785 added at the same time last year. Nationally, new listings are -8.9% lower than last year, with 40,688 new homes advertised for sale over the most recent four weeks (3,952 fewer than last year).
As a result of the new stock that has been added to the market, the total number of residential properties currently available for sale across the combined capitals is 99,270 and 241,647 properties nationally. While the total stock levels for the capital cities are lower than at the same time in 2014 (-3.9%), the number of properties available Australia-wide is trending closer to the 2014 levels, with -2.2% fewer residential properties available for sale, however, this number is largely being driven by re-lists, rather than new listings.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/04/ListingsTable.jpg" rel="wp-prettyPhoto[g4596]"><img class="aligncenter size-full wp-image-4598" src="https://blog.corelogic.com.au/wp-content/uploads/2015/04/ListingsTable.jpg" alt="ListingsTable" width="1184" height="263"></a>
Melbourne, Brisbane and Adelaide are each seeing more new listings come onto the market than at the same time last year however, unlike Brisbane and Adelaide, Melbourne’s total stock available for sale is currently lower than it was at the same time last year.
In each other capital city, the number of residential properties entering the market is lower than over the comparable four week period at the same time last year. Despite Sydney’s current strong performance in terms of capital growth, stock levels across the city are much lower than what has been observed historically.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/04/CC-graph.jpg" rel="wp-prettyPhoto[g4596]"><img class="aligncenter size-full wp-image-4597" src="https://blog.corelogic.com.au/wp-content/uploads/2015/04/CC-graph.jpg" alt="CC graph" width="1275" height="485"></a>
Across the states and territories, total available stock levels are higher than at the same time last year in Queensland (66,158 compared to 63,773 last year), South Australia (17,227 compared to 16,954 last year) Western Australia (34,993 compared to 34,328 last year), Northern Territory (1,942 compared to 1,500 last year) and the Australian Capital Territory (2,194 compared to 2,067 last year), while in New South Wales, Victoria and to a lesser extent, Tasmania, the number of residential properties currently listed for sale is lower than over the comparable period 12 months ago.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/04/National-graph.jpg" rel="wp-prettyPhoto[g4596]"><img class="aligncenter size-full wp-image-4599" src="https://blog.corelogic.com.au/wp-content/uploads/2015/04/National-graph.jpg" alt="National graph" width="1264" height="481"></a>
<div class="sharedaddy sd-sharing-enabled">
<div class="robots-nocontent sd-block sd-social sd-social-icon-text sd-sharing">
<h3 class="sd-title">Share this post:</h3>
</div>
</div>
</body></html>

smiller-vwPjRHTkST

Post-Easter new listings continue to slow: CoreLogic RP Data

<html><body>
Greenvale is a mining town 220 kilometres north-west of Townsville. Or it used to be. Once it had a population of 3,000. Today it barely exists.
In its heyday, in the 1970s and 1980s, Greenvale was a boom town, with a rail link to a processing plant at Townsville. The rail tracks have disappeared and so has most of the town, which now has an estimated population of 150.
A few years ago I met a man who owned dozens of rental properties in Greenvale. His strategy was to make a killing by dominating the market. The only thing he killed was his financial future once the nickel mine closed down (in 1993).
Investors have tried similar strategies in other mining towns, like Moranbah in central Queensland. The objective was to dictate terms in a boom market by owning lots of properties. With the median price having dropped from $750,000 to $250,000 in two years, and rents by a similar measure, you’d have to say the plan failed.
The most important word in property investment, I tend to think, is diversity. In two important ways: geographical diversity in a property portfolio and diversity in the economies in which you own real estate.
The people who tried to corner the market in a single location violated both diversity principles: they had all their eggs in a single basket and the economies they targeted turned into basket cases, because they were single-industry economies. They targeted mining towns. Greed trumped wisdom.
This was a core topic at a workshop last night on the Sunshine Coast, where I was guest speaker. The workshop organised by Julie Schafer-Evans of ES&amp;A Financial Services had lots of that important word: diversity. There were experts from the fields of accountancy, banking, investment advisory and property management.
A recurring theme in the discussions, both formal and informal, was the wisdom or otherwise of owning investment properties close to home base. Some people with multiple properties owned all or most of them in a single area, not far from headquarters. They were people who have a hands-on (rather than passive) approach to property investment and some of them have built impressive portfolios that way.
But I’d be nervous owning everything in a single region. If you owned five properties and they were all in Perth, you’d be feeling a little sick right now because that market (generally speaking) appears to be in reverse.
If you lived in the Hunter region near Newcastle and built your portfolio by buying locally, you would have struggled to find or retain tenants amid a serious over-supply over the past couple of years (although recovery is now happening and that region has a future).
If you’d built a portfolio on an inner-city Melbourne strategy, you would be nervously watching the cranes on the horizon as the mother of all gluts is built by developers intent on ripping off Asian investors and to hell with the wider consequences.
There are many reasons to be geographically diverse. The price growth numbers for the eight capital cities provide a clue to one reason. Sydney is booming (although nowhere near the heights of 2001-2003), some cities are doing okay, others are marking time and some are going backwards. A geographically diverse portfolio means you avoid the problems of owning everything in the under-performing places.
Owning the lot in one state also has land tax consequences.
The argument I heard last night against diversity of location is difficulties in the buying process and in the management process. They tend to be people who feel the need to physically inspect properties before buying and who have a proactive, hands-on attitude to management. Different strokes for different folks, but I’d rather be diversified.
Economic diversity is equally important. Smart investors don’t buy in locations where a single industry dominates the local economy, obvious examples being mining towns and coastal towns or cities where tourism is the bread-winner.
The most successful investors I know have large portfolios of properties spread across Australia – and none of them in one-trick pony locations.
TERRY RYDER is the founder of <a href="https://hotspotting.com.au/" target="_blank">hotspotting.com.au</a>. You can <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email him</a> or follow him on <a href="https://www.twitter.com/hotspotting" target="_blank">Twitter</a>. 
</body></html>

terryryder-YECXbqmri2

Diversity is the most important word in property investment: Terry Ryder

<html><body>
Melbourne couple Deanne and Darren Jolly have won The Block Triple Threat. In a battle of the buyer's agents, Nicole Jacobs beat out fellow Block judge Frank Valentic to secure the winning townhouse for $2.29 million.
The returning couple's renovation at <a href="/expert-insights/building/darren-and-dees-renovation-tipped-to-top-the-block-and-sell-for-more-than-1-6-million">4/27 Darling Street (pictured above)</a> sold for almost $835,000 over reserve at last night's South Yarra auction, which was televised tonight.
With a reserve price of $1,455,000 (once taking into account various prizes), the couple take home $935,000, thanks to the $100,000 prize they receive as the team with the highest price over reserve.
In second place were Josh and Charlotte. Their townhouse, <a href="/expert-insights/building/the-block-triple-threat-units-listed-and-auction-date-revealed">1/27 Darling Street</a> sold for $2.2 million, $810,000 above the $1.39 million reserve.
Tonight's results were likely a relief for The Block producers as well as Deanne and Darren, after The Block Glasshouse's <a href="/expert-insights/building/smashing-win-for-simon-and-shannon-in-the-block-glasshouse-auctions-results">disappointing results</a>. Last year, Dee and Darren took home just $10,000 after months of work, as did Carlene and Michael.
Queenslanders and audience favourites Jess and Ayden, often considered the underdogs this season, sold their renovation at <a href="https://www.realestate.com.au/property-townhouse-vic-south+yarra-119448343" target="_blank">3/27 Darling Street</a> in South Yarra for $2 million, $665,000 above their reserve price of $1,335,000.
Josh and Charlotte's apartment was auctioned by returning auctioneer <a href="/expert-insights/building/david-wood-of-hockingstuart-to-auction-charlotte-and-joshs-the-block-triple-threat-apartment">David Wood of Hockingstuart Albert Park</a>. It seemed that auctioneers with Block success experience were a good bet for contestants – Deanne and Darren's win marks the fourth Block win for auctioneer Damien Cooley. Cooley has now appeared on seven Block series.
Tim and Anastasia, renowned for their storm offs during the season, took home $755,000 after selling Unit 2 of 27 Darling Street for $2,175,000, with a reserve price of $1.42 million.
The final results and reserves: 
<ol>
<li>Deanne and Darren 4/27 Darling Street Price: $2.29 million Reserve: $1,455,000 Winnings: $835,000 plus $100,000 prize 
</li>
<li>Charlotte and Josh 1/27 Darling Street Price: $2.2 million Reserve: $1.39 million Winnings: $810,000 
</li>
<li>Tim and Anastasia 2/27 Darling Street Price: $2,175,000 Reserve: $1.42 million Winnings: $755,000 
</li>
<li>Jess and Ayden 3/27 Darling Street Price: $2 million Reserve: $1,335,000 Winnings: $665,000</li>
</ol>
The Block claims this season it has given away the biggest prize ever awarded in television history, surpassing the $2.4 million amassed by contestants in The Block Fans v Faves.
After the reserves were announced, the auction order was determined. After some predictable quarreling, which saw Deanne and Darren insist they wouldn't go first. Host Scott Cam had to resort to pulling names out of a hat to determine the order.
Tim and Anastasia chose the first position, Jess and Ayden went second. Deanne and Darren went third, with Josh and Charlotte the final team to auction their apartment.
Proceedings began with Tim and Anastasia's unit, marketed by Doug Doyle and Russell Cambridge of Biggin &amp; Scott Richmond. Buyer's agent Jacobs began proceedings strong with a $1.5 million bid, battling it out with Valentic. A new bidder entered at $1.87 million, with Jacobs and Valentic continuing to bid, often at $10,000 or $20,000 increments. The third bidder wasn't seen again, as the price surpassed $2 million. Jacobs secured the apartment for $2,175,000. The result gave Tim and Anastasia a $755,000 profit, about $75,000 for each week of work they put in on The Block. 
Their earnings were well over the $636,000 profit taken home by Steve and Chantelle on <a href="/news/substance-over-style-as-chantelle-and-steve-win-the-block-2014-fans-v-faves">The Block: Fans v Faves</a>.
Jess and Ayden's auction was second. Their townhouse, number 3, was marketed by Adam Joske and Joel Ser of Gary Peer &amp; Associates, Caufield North. Stuart Benson auctioned the apartment. Jacobs again started bdiding off strong at $1.7 million, with Valentic quickly coming back with $1.8 million. A third bidder entered at $1.95 million. Valentic secured the apartment for a client at $2 million.
Third up was Darren and Deanne's renovation, auctioned by Cooley and marketed by Andrew McCann and Carla Fetter of Jellis Craig. Bidding began at $1.9 million, quickly reaching $2.1 million. Valentic and Jacobs, along with a third bidder. Jacob held the property at $2.22 million, with Frank consulting a client over the phone pushing the price up by $5,000 increments. Jacob responded with a $2.25 million bid. Valentic resorted to a $1,000 bid.
Jacobs finally knocked Valentic out with a $2.29 million bid, with Deanne and Darren securing the $835,000 profit, making them the winners of the biggest prize ever awarded in The Block.
Finally, Josh and Charlotte's townhouse went under the hammer. Unit 1 was sold through Wood with Mark Konishi and Georgia Whitford of hockingstuart South Yarra. Bidding yet again started strong at $1.8 million. Jacobs, Valentic and two other bidders were engaged, with Valentic and a bidder at the back of the room, who appeared to be Chris Barrett of Marshall White, going back and forth. Barrett secured the townhouse for $2.2 million, giving Josh and Charlotte a $810,000 profit.
The results were largely predicted, with buyer's agents Greville Pabst and Frank Valentic, who served with Nicole Jacobs on the buyer's agents jury this season, both tipping that Deanne and Darren's apartment would attract the highest price.
Before the auctions, Frank Valentic said that "Darren and Dea's fans will see a hotly contested auction for one of the biggest apartments and the only backyard on The Block." Similarly, price prediction website realAs tipped that the Jolly's renovation would <a href="/expert-insights/building/darren-and-dees-renovation-tipped-to-top-the-block-and-sell-for-more-than-1-6-million">sell for the highest sum</a>, expecting a $1,654,000 price tag.
The results show was watched by just over 2 million in the five major capital cities.
Although another season of The Block is now over, it's probably not the last you'll see of The Block Triple Threat's faces. While Deanne denies she's set for the Real Housewives of Melbourne, Ayden and Jess will return to our screens on spin-off show Reno Rumble, while serial Block bidder and now judge Valentic may have a role on another production.
<img src="/images/2015/04/29/Picture%2065.png" alt="">
 {mijopolls 108}
</body></html>

Deanne and Darren's $935,000 Block 2015 Triple Threat auction result redemption

<html><body>
GUEST OBSERVATION
Australia has been an attractive destination for international investors attracted by the higher yields prevailing. Quantitative easing in the US, Japan and now Europe has meant yields globally are low. International investors attracted by Australian yields have contributed to the higher housing prices in Australia.
In Australia, capital appreciation of residential property will be constrained over the next several years reflecting housing affordability constraints, concerns about unemployment and reduced international investment capital flows.
Quantitative easing in the US ended in 2014 and interest rate increases are now foreshadowed later in 2015, which will reduce the relative attraction of Australian investments.
In Chart 1 is shown the rate of appreciation in Australian residential property over 15 years to 31 December 2014.
Chart 1 – Residential property appreciation
<img src="/images/2015/04/27/atch-april-27-one.jpg" alt="">
Source: REIA (2015), Atchison Consultants (2015) 
The rate of appreciation peaked in June 2014.
Housing affordability levels indicate prospectively weaker demand for residential property. In Chart 2 is shown the growth in housing debt to income over the past seven years to 31 December 2014, over the period of major falls in interest rates.
Chart 2– Housing Debt to Income
<img src="/images/2015/04/27/atch-april-27-two.jpg" alt="">
ABS (2015) Atchison Consultants (2015)
Housing debt has risen significantly since mid 2012.  The ratio of housing debt to income is at a record high of 140.3% of income at 31 December 2014.  The drive from lower interest rates increasing debt levels, which in turn will finance residential property purchases, will be tested.
A study by the HIA pointed to an increase in house price to income ratio, further highlighting housing affordability concerns.
The Australian economy is in transition from the mining boom reflected in an increase in unemployment levels over the last two years.  Despite this rise in unemployment, house prices have increased.  This has been driven by purchases by foreign investors, primarily from Asia.
Slower Australian economic activity indicates that the unemployment rate may rise and consequently demand for residential property may be lower.
Binesh Seetanah is an analyst at <a href="https://atchison.com.au/" target="_blank">Atchison Consultants</a>.
</body></html>

bseetanah-MkzVfc9t4h

Subdued capital growth in residential property market: Binesh Seetanah

<html><body>
The five capital city aggregate of CoreLogic RP Data's daily home value index continued to rise during April, just days before the next formal update.
<img src="/images/2015/04/27/Picture%2057.png" alt="">
Source: CoreLogic RP Data
The combined five capital home values are up 8.2% from last year, after a 4.0% increase in 2015 so far.
<img src="/images/2015/04/27/Picture%2058.png" alt="">
Source: CoreLogic RP Data
Sydney is leading the charge, with home values up 6.8% since 1 January, and 14.1% annually.
The next closest is Melbourne with 4.8% growth since January.
</body></html>

po-LsXgBTHBmX

Five capital city CoreLogic RP Data's daily home value index continues to climb

<html><body>
Industrial property leasing nationally over the 12 months to March 2015 is up nearly 40% annually, according to Savills national head of research, Tony Crabb.
"The data confirmed the recent upswing in the market and, with Melbourne and Sydney accounting for 66% of the transactions in square metre terms, also provided further evidence of the economic shift to the non-mining states," said Crabb.
"It’s a good news story for Sydney and Melbourne, and while Brisbane has fared remarkably well Perth has not, but it’s important to note that this is a cyclical rather than a structural phenomenon and one which WA will recover from, indeed a spate of recent leasing deals would suggest some green shoots of recovery already."
The data reveals 2,222,163 square metres of industrial space was leased in the year to March, or more than 600,000 square metres above the corresponding period to March 2014. The five year average is 2,406,514 square metres.
At 714,977 square metres reported leased, Melbourne’s figure was up a remarkable 460,000 square metres on last year (255,783 square metres) while Sydney recorded 757,474 square metres of space leased compared with 659,000 square metres in the previous period.
Over in the west, by contrast, Perth recorded a total of 144,926 square metres leased, down more than 45% on the 264,744 square metres recorded to March 2014, while in the other key resources state, Brisbane (485,286 square metres) was up a surprising 70% (283,802 square metres to March 2014).
Savills’s national head of industrial, Darren Curry, said the gradual shift of activity to the non-mining states was progressing as expected.
"And we’ll continue to see that trend over the coming 12 months driven by key players in the transport and logistics sector and especially the warehousing requirements of onlines and new international retailers such as H&amp;M and Uniglo, among others, along with new requirements from key players such as IKEA," Curry said. 
<img src="/images/2015/04/29/chart-ailr-92-one.jpg" alt="">
Source: Savills
</body></html>

jchancellor-FAypfDUnLy

Industrial property leasing on the upturn: Savills

<html><body>
Sydney's City Tattersalls Club has chosen ICD Property and Sinclair Brook to as development partners for its proposed redevelopment.
According to City Tattersalls Club chief executive Tony Guilfoyle, the mixed-use redevelopment, which will include apartments, will help "reduce the Club's financial dependence on gaming".
Patrick Campion, the chairman of City Tattersalls Club, said the club had received strong interest from developers during its four-month expression of interest process.
"We believe that the ICD Property and Sinclair Brook proposal has the greatest benefit to our members and is in their best interests," Campion said.
"The Club briefed its members yesterday and the feedback has been overwhelmingly positive."
ICD Property's projects include the 663-apartment Eq. Tower, which is currently being built in the Melbourne CBD. The developer's managing director, Michael Mai, said the project would deliver apartments to an "under-supplied market".
Sinclair Brook is the developer behind Australia 108, the Southbank apartment tower that is set to become the tallest building in Melbourne.
Elenberg Fraser has designed the development concept for the 194-204 Pitt Street premises. The project is due to be completed in 2020.
</body></html>

City Tattersalls Club announces development partners

<html><body>
James Packer's Crown Resorts has been ordered to endeavour to resolve its trademark dispute with the burgeoning apartment developer, Iwan Sunito's Crown Group.
The Federal Court Justice John Griffiths ordered the parties to attend a mediation session held by a private mediator.
Crown Resorts is trying to stop Iwan Sunito's company from trading under the name Crown Group Holdings, claiming the apartment developer is cashing in on the $10 billion casino operator's brand.
Sunito's Crown Group filed a counter claim. Both seek wealthy Asian investors.
<img src="/images/2015/02/11/corwn-logogs-feb-11-two.jpg" alt="">
Crown Resorts logo (left), Crown Group logo (upper right) with logo for Crown Apartments (lower right)
The property developer has $3.5 billion of residential developments in its Australian project pipeline.
Spokesmen from Crown Resorts and Crown Group both declined to comment on the court case when contacted by Fairfax Media.
</body></html>

Crown Resorts and Crown Group told to mediate name dispute

<html><body>
Developer Villawood Properties has established new Queensland offices in Southport ahead of its launch of two new Gold Coast residential communities.
Founded in Victoria in 1989, Villawood has developed more than 60 award-winning residential masterplanned communities along the eastern seaboard.  
"This year, it is expanding its Queensland operations to diversify its land bank and take advantage of key growth corridors," Villawood Properties co-executive director Tony Johnson said.
The new Southport office is 110 square metres on level six of 64 Marine Parade.  It previously occupied an office at 11-13 Station Street, Nerang.
The relocation comes as Villawood Properties has appointed Christopher Ciuffetelli to the role of assistant development manager in Queensland.  
He joins Michael Williams, Villawood Properties state manager – development.
Villawood Properties co-executive director Tony Johnson said the new Queensland communities were part of its "aggressive three-year growth strategy" and combined represent a total land value of $50 million.
</body></html>

Latest Expert Insights

The apartment feature many buyers don't think about, until their first missed delivery

Guides

Editor's Picks

Guides

Developments

New apartments

New townhouses

News

Latest Expert Insights

The apartment feature many buyers don't think about, until their first missed delivery

Guides

Editor's Picks

Receive the latest news stories to your inbox

Guides

Developments

New apartments

New townhouses

News