The Gold Coast economy has grown by 25 per cent since 2020/21 to surpass $55 billion, but perhaps the more significant story is what sits behind the headline number.

For decades, the Gold Coast has been viewed through the lens of tourism, lifestyle and population growth. The latest State of the City Report suggests that perception is increasingly out of step with reality.

Released by Invest Gold Coast, the report ranks the Gold Coast as Australia's largest non-capital city economy and, perhaps more notably, second nationally behind Sydney for Economic Complexity, a measure that assesses the diversity and sophistication of an economy.

It's a result that places the Gold Coast ahead of Melbourne, Brisbane, Perth and Adelaide, highlighting the extent to which the city's economic base has broadened beyond its traditional industries.

Today, the Gold Coast supports more than 350,000 jobs, is home to over 83,000 businesses and generates $19 billion in annual exports. Manufacturing now accounts for 62 per cent of international export growth, while sectors including health, education, advanced manufacturing, technology and professional services are becoming increasingly important contributors to the local economy.

[smartcode_project:default project_id=150017 project_image_fid=372547]

Gold Coast Mayor Tom Tate said the report confirmed the city's evolution into one of Australia's most significant economies.

"The Gold Coast economy continues to grow at an incredible pace. This is no surprise to those of us who have watched the evolution up close," Mayor Tate said.

"As one of the most entrepreneurial, investment driven and opportunity focused economies in the country our ambition has been realised and possibilities are endless.

"The Gold Coast has built a reputation as the city that says yes. We say yes to investment, yes to opportunity and yes to people who want to build something.

"It's this mindset helping us drive major growth across health, advanced manufacturing, screen production, marine, technology and the knowledge economy."

[smartcode_project:default project_id=149670 project_image_fid=360975]

While population growth has been one of the defining stories of the past decade, the report points to a broader economic transformation taking place.

The city's knowledge economy now contributes $7.9 billion annually and supports around 31,000 jobs, while the health and wellbeing sector contributes $5.2 billion and employs more than 42,000 people. Together, the six priority sectors identified in the report account for almost $24 billion in economic output and more than 145,000 jobs.

One of the strongest examples is the Gold Coast Health and Knowledge Precinct at Southport. The 200-hectare precinct now contains more than $5 billion worth of health, education, research and innovation infrastructure and supports over 16,000 jobs.

The report also highlights the growing role of advanced manufacturing, particularly in aerospace, defence and modular construction.

Gold Coast-based Gilmour Space Technologies recently became the first Australian commercial company to attempt an orbital launch, while companies including Modscape and ModnPods are helping establish the Yatala-Stapylton corridor as one of Australia's fastest-growing advanced manufacturing hubs.

The city's entrepreneurial culture is also translating into business growth.

Since 2019/20, the number of businesses operating on the Gold Coast has increased by 22 per cent, while firms employing more than 200 people have grown by 80 per cent. The report suggests the next challenge is converting more local start-ups and medium-sized businesses into nationally significant companies.

Development activity remains another key indicator of confidence.

There are currently more than $23 billion worth of major projects underway across the Gold Coast, supported by a record 75 active cranes, a figure that now exceeds Brisbane and represents a 150 per cent increase since 2016.

[smartcode_project:default project_id=112024 project_image_fid=343235]

Importantly, the report notes the next phase of investment will need to extend beyond residential development.

While 93 per cent of crane activity is currently tied to housing, Invest Gold Coast argues future investment will increasingly need to focus on cultural, civic, infrastructure and industry-enabling projects that strengthen the city's long-term economic resilience.

Invest Gold Coast Chair Will Hodgman said the city was now benefiting from years of economic diversification.

"What is happening on the Gold Coast is the result of the city's economic base broadening, fuelled by industries with long-term, high-growth potential," Mr Hodgman said.

"This is no longer a secondary Australian economy, the Gold Coast is becoming a globally connected city with deeper capability across health, knowledge and creative industries, advanced manufacturing, technology and exports."

[smartcode_project:default project_id=108274 project_image_fid=365786]

Looking ahead, the Gold Coast's population is projected to exceed one million residents by 2046.

For a city that was once largely defined by tourism and lifestyle, the latest figures suggest the Gold Coast is becoming something more significant, one of Australia's most diverse and economically sophisticated urban economies, and increasingly one that national and international investors can no longer afford to overlook.

Joel Robinson

75 cranes, $23 billion pipeline and a $55 billion economy: Inside the Gold Coast economic boom

Ron Bakir's Homecorp has sold more than 75 per cent of the apartments in its wellness-driven Florence Residences in Surfers Paradise following its first weekend release.

The <a href="https://www.apartments.com.au/new-apartments/florence-residences-24-monte-carlo-avenue-surfers-paradise-qld-4217">26-storey project on Monte Carlo Avenue</a>, which commenced construction earlier this year, has seen a flurry of buyers secure their slice of the Gold Coast's latest wellbeing-focused offering in one of the nation's most competitive property markets.

Since the pandemic, the Gold Coast's population has grown by more than 11 per cent, a rate approximately four times faster than Sydney's, driven largely by lifestyle changes and interstate migration. While buyer activity has moderated in some markets nationally, demand for newly built dwellings on the Gold Coast continues to gain momentum as purchasers increasingly prioritise lifestyle, amenity, wellbeing, liveability and long-term investment potential.

&nbsp;

[smartcode_project:default project_id=150414 project_image_fid=372743]

Homecorp CEO Ron Bakir says buyers today are looking for more than just a home.

"What we are seeing is a shift in how people define value in property," Bakir says.

"What attracts residents to new developments is a desire for more than just a residence. They are looking for a place that complements their lifestyle, supports their wellbeing and reflects the way they want to live into the future.

"Lifestyle, longevity, proactive health, wellbeing, connection and a sense of community are increasingly shaping purchasing decisions, particularly on the Gold Coast, where these factors continue to be a major drawcard."

[smartcode_project:default project_id=150414 project_image_fid=372744]

Bakir says Homecorp is responding to this shift through an approach that places greater emphasis on design, amenity and experience working together to create places that feel considered, connected and enduring in value.

Inspired by Eastern European design, Florence Residences will comprise 120 apartments alongside a private residents-only wellness club featuring a resort-style rooftop pool, hot and cold plunge pools, a spa retreat, contemporary gymnasium, and a spacious yoga and Pilates studio.

The development will also feature a residents-only lounge with private dining facilities and a rooftop bar, premium outdoor entertaining areas, a hotel-style lobby lounge, generous bike parking, and pet-friendly amenities including a heated dog wash.

[smartcode_project:default project_id=150414 project_image_fid=372742]

A limited number of apartments remain available, with an exclusive collection of four-bedroom sub-penthouses set to be released in the coming months.

Florence is one of the latest additions to Homecorp's expanding multi-billion-dollar property portfolio, which also includes plans for a <a href="https://www.apartments.com.au/news/qld/homecorp-lodges-plans-for-260-million-moroccan-bathhouse-inspired-tower-in-budds-beach">$260 million development in Budds Beach</a> tailored to the growing wellness market.

A development application has been lodged for a 27-storey, 156-residence tower at 8–10 Acacia Avenue and 25–27 Oak Avenue, featuring a residents-only Moroccan spa-inspired sanctuary.

Apartments at Florence Residences are priced from $1,249,000, with construction expected to be completed by late 2027.

[smartcode_project_cta:default project_id=150414]

Buyers rush to Homecorp's Florence Residences as Gold Coast wellness trend gains momentum

The NSW Government has expanded its $1 billion Pre-sale Finance Guarantee program, broadening access for affordable housing providers and smaller residential developments as it seeks to accelerate housing delivery across the state.

The Minns Government says the program has already helped bring forward more than 600 homes across Sydney and regional NSW since launching in September 2025, with similar models now adopted in South Australia and Western Australia.

The latest changes, announced by Treasurer Daniel Mookhey and Minister for Planning and Public Spaces Paul Scully, are designed to improve access to finance for projects that have planning approval but are struggling to secure funding.

Among the key changes is an expansion of support for community housing providers. The program will now support up to 100 per cent affordable housing projects valued at up to $30 million when delivered by not-for-profit providers, while support for larger affordable housing developments will increase for projects worth up to $80 million.

The government says the changes will help accelerate the delivery of housing for low-income workers, older people, people living with disability, and those at risk of homelessness, while reducing reliance on direct grants or subsidised loans to bridge funding gaps.

The eligibility criteria for smaller residential developments have also been broadened. The previous $5 million minimum project value threshold has been removed and replaced with a requirement that projects deliver at least four homes.

Support has also increased for projects delivering fewer than 20 homes, with the guarantee now able to cover up to 75 per cent of dwellings in a development, capped at $30 million per project.

The changes are expected to particularly benefit smaller-scale and regional developments, which often face greater challenges meeting pre-sale requirements imposed by lenders.

Treasurer Daniel Mookhey said the scheme demonstrates how government can use its balance sheet to stimulate housing supply without relying solely on taxpayer-funded grants.

"The Pre-sale Finance Guarantee shows how this Government is using its balance sheet to reduce risk and unlock private investment, enabling new homes to move from design to construction faster," Mookhey said.

"This landmark reform allows us to deliver homes for working families at a lower cost to taxpayers, while also maintaining strong financial discipline."

Planning Minister Paul Scully said the program had already proven effective in bringing stalled projects to market.

"The Pre-sale Finance Guarantee has already proven it can unlock stalled projects and accelerate housing delivery by giving lenders the confidence they need to back good developments," Scully said.

"These changes will allow more affordable housing and smaller developments to access support so more homes can be built faster where communities need them most."

Housing Minister Rose Jackson said the expansion would help community housing providers overcome financing barriers that often delay projects.

"We know community housing providers are ready to build more homes, too often they're held back by barriers to finance," Jackson said.

"Expanding the Pre-sale Finance Guarantee helps remove those barriers so more affordable homes can get off the ground sooner."

The announcement was welcomed by the Property Council of Australia, which has long advocated for measures aimed at improving project feasibility and access to finance.

Property Council NSW Executive Director Katie Stevenson described the expansion as a practical intervention that addresses one of the most immediate constraints on housing delivery.

"This is exactly the kind of practical intervention we need right now, focused on getting projects out of the ground, not just approved," Stevenson said.

"It builds on a model the Property Council has worked closely with government to develop following calls for such a scheme ahead of last year's NSW Budget, so it's great to see it being expanded."

Stevenson said the reforms would help unlock projects that are ready to proceed but have been delayed by financing challenges. However, she noted that broader feasibility issues remain a significant barrier to increasing housing supply.

"The biggest challenge in NSW housing today is delivery. Too many projects have planning approval but are simply not financially viable to proceed under current settings," she said.

Speaking at the Property Council's NSW Housing Summit, Housing Minister Rose Jackson acknowledged that feasibility and financing pressures continue to constrain housing delivery, while reaffirming the government's commitment to work with industry on solutions.

Stevenson said the government's recognition of those challenges was encouraging ahead of next week's state budget.

"It's positive to see the government clearly recognising that feasibility pressures are now a binding constraint on supply," she said.

"With the Budget just days away, the focus must be on backing delivery, making sure projects stack up, finance can flow, and more homes can move from approval to construction."

The expanded Pre-sale Finance Guarantee forms part of the NSW Government's broader housing agenda, which also includes planning reforms, the NSW Housing Pattern Book, and a series of rezonings intended to increase housing capacity across the state.

NSW expands Pre-sale Finance Guarantee to unlock more affordable and regional housing

Design-led developer-builder Lowe Living has unveiled its latest residential development, Jardin House, marking its first foray into Melbourne's blue-chip City of Boroondara.

Located a short walk from Camberwell Junction, <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House</a> has been designed to appeal to affluent local downsizers and established families seeking a low-maintenance alternative to the large homes that have long defined Camberwell and surrounding suburbs.

The project will comprise a collection of two and three-bedroom apartments ranging from 92 sqm to 280 sqm, alongside a limited number of penthouse residences featuring rooftop terraces spanning more than 100 sqm, with optional private pools.

&nbsp;

[smartcode_project:default project_id=146717 project_image_fid=372212]

Lowe Living Co-Founder and Managing Director Tim Lowe said Camberwell represented a natural next step for the developer as it expands into some of Melbourne's most tightly held residential markets.

"Jardin House is an important project for our team as it marks the next evolution of our portfolio into different well-established blue-chip pockets of Melbourne," Lowe said.

"Camberwell, with its incredible walkability, family-led neighbourhood feel and superb access to education and transport, makes it a natural choice for us."

[smartcode_project:default project_id=146717 project_image_fid=372227]

Designed by Tristan Wong Architects, with interiors by Hecker Guthrie and landscaping by Acre, the development takes inspiration from the Art Deco architecture that remains a defining feature of many of Camberwell's established streets.

A curved facade, arched openings, textured brickwork and sculpted forms reference the suburb's architectural heritage, while extensive landscaping softens the building's presence and creates a strong connection to the surrounding tree-lined streetscape.

The project will be set behind a secure gated entrance, with residents arriving through landscaped gardens designed to create a transition between the public realm and private residences.

Inside, the residences feature natural stone and timber finishes, full-height glazing, Miele appliances and generous open-plan living areas designed for long-term owner occupation.

[smartcode_project:default project_id=146717 project_image_fid=372225]

While the apartments themselves have been designed to attract discerning owner-occupiers, it is the amenity offering that sets Jardin House apart from many other boutique projects currently launching across Melbourne.

The centrepiece is a 350 sqm private bathhouse curated in partnership with Aurora Spa &amp; Bathhouse founder Lyndall Mitchell.

The wellness precinct includes mineral pools, hydrotherapy experiences, a Himalayan salt room, sauna, steam room, cold plunge pools and dedicated relaxation spaces, creating what Lowe Living describes as a private wellness retreat exclusively for residents.

[smartcode_project:default project_id=146717 project_image_fid=372222]

The collaboration follows Lowe Living's recent partnership with Aurora at Maison Savoy in Brighton, although Jardin House is the first project to incorporate both indoor and outdoor wellness experiences.

Emma Lowe, Co-Founder and Managing Director of Lowe Living, said wellness was becoming an increasingly important consideration for apartment buyers.

"Collaborating with Lyndall Mitchell from Aurora Spa &amp; Bathhouse for a second time is an intentional nod to creating residences that are more than just homes, but a way to enrich the lives of our residents through wellness and longevity," Lowe said.

The amenity offering is complemented by a Technogym fitness studio, residents' lounge, private dining spaces and concierge services.

The launch comes as developers increasingly target Melbourne's established eastern suburbs, where rising land values, ageing housing stock and growing downsizer demand are creating opportunities for boutique apartment projects.

Lowe said the company expects significant generational wealth transfer across suburbs such as Camberwell in coming years, creating further demand for luxury apartment living.

"Camberwell is a blue-chip suburb where homes regularly transact for multiple millions of dollars," he said.

"The generational change of wealth in these locations expected in the coming years is significant, so we see an opportunity to create exclusive residences that appeal to older families and downsizers in order to meet this demand."

Apartments at Jardin house start from $1,195,000. The project forms part of Lowe Living's near-$1 billion portfolio of new developments across Melbourne.

[smartcode_project_cta:default project_id=146717]

Lowe Living launches Jardin House in Camberwell

As <a href="https://www.apartments.com.au/developments/north-sydney-nsw-2060">North Sydney</a> continues its transition from a commercial centre into a more layered residential and lifestyle precinct, a new generation of apartment developments is reshaping expectations around scale, amenity, and long-term liveability.

Improved transport connections through the Victoria Cross Metro, continued investment in dining and public spaces, and a constrained supply of new luxury apartments have sharpened demand for homes that combine proximity to the CBD with the privacy and outlook traditionally associated with harbourside houses.

At 177 Walker Street, <a href="https://www.apartments.com.au/developers/aland">ALAND</a>’s new apartment development <a href="https://www.apartments.com.au/new-apartments/the-walden-north-sydney-177-walker-street-north-sydney-nsw-2060">The Walden</a> enters the market with a distinctly residential approach to high-rise living. The 30-level tower will deliver 161 residences, ranging from one-bedroom apartments through to sub-penthouses and a full-floor penthouse, all oriented to capture uninterrupted views across Sydney Harbour, the Opera House, and out toward the Pacific Ocean.

[smartcode_project:default project_id=134323 project_image_fid=6395]

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, the project takes advantage of the site’s natural topography and elevated position above the harbour. Rather than relying on density alone, the architecture focuses on outlook, orientation, and spatial flow, with every apartment occupying a corner position to maximise natural light and cross ventilation.

Rothelowman says the site itself shaped much of the architectural response.

“The site has a long history in terms of its inevitable transformation and when we came in, we took inspiration from the idea of reestablishing a sense of the site’s natural terrain and fall. Our scheme aims to integrate with the terrain and the landscape, using the undulating site to slowly reveal glimpses and views of the harbour. The rotation of the tower off grid means every apartment has a view and is naturally cross ventilated. The building's colour palette is quintessentially Sydney, with bronze and sandstone and a luminescent green colour in the glass, making it very earthy and grounded in its location.”

[smartcode_project:default project_id=134323 project_image_fid=6399]

Inside the residences, the emphasis moves toward larger-format living typically associated with standalone homes. Kitchens sit at the centre of the apartments, connecting directly to open-plan dining and living areas before extending outward into expansive winter gardens and balconies. Calacatta marble, bespoke joinery, integrated appliances, and custom metal detailing are used throughout, while three distinct interior palettes, Terrace, Opera, and Harbour, allow buyers to personalise the spaces without compromising the architectural consistency of the project.

The larger residences place particular attention on separation between entertaining and private zones. In many apartments, master suites occupy the outer corners of the floorplates, allowing bedrooms to benefit from floor-to-ceiling glazing and harbour outlooks independent of the living spaces. Dressing rooms and ensuites continue the material palette through fluted detailing, freestanding baths, and layered stone finishes.

Rothelowman says the design intent centred on creating homes that feel enduring rather than transient.

“Our philosophy is all about the way people live in these spaces, and we wanted to create homes that reflect the quality of life in this unique Sydney location. The apartments showcase expansive living spaces that are generous, sophisticated, and bold, with the ability to connect with views throughout each apartment.”

[smartcode_project:default project_id=134323 project_image_fid=353235]

A separate four-storey amenity building known as The Pavilion expands the residential offering beyond the apartments themselves. Positioned alongside the tower, the building consolidates wellness, recreation, and social spaces into a dedicated resident retreat. Facilities include a 20-metre rooftop pool and sundeck, sauna, spa, ice bath, wellness studio, gymnasium, concierge service, wine cellar, residents’ lounge, private dining spaces, and dedicated co-working areas with meeting rooms and boardroom facilities.

The amenity mix reflects the buyer profile emerging in North Sydney, where owner-occupiers and downsizers are increasingly prioritising convenience, apartment scale, and long-term usability over purely investment-driven decisions.

The Walden also represents a significant milestone for ALAND, marking the company’s first major move into Sydney’s inner-city luxury apartment market after more than two decades delivering large-scale residential communities across Greater Sydney. Founder Andrew Hrsto says the Walker Street site stood apart because of both its positioning and its rarity.

[smartcode_project:default project_id=134323 project_image_fid=6390]

“As a company, we had been searching for a site in one of Sydney’s blue-chip locations, spanning the Eastern Suburbs, the Sydney CBD and the North Shore, and when we had the opportunity to purchase this site, we immediately recognised that it could be something iconic.”

At launch, The Walden recorded more than $103 million in sales, with buyers drawn to the project’s harbour positioning, apartment scale, and proximity to the Metro, which now connects North Sydney to Barangaroo in three minutes and Martin Place in five.

ALAND has commenced construction, and is expecting a completion date in 2028.

[smartcode_project_cta:default project_id=134323]

The Walden pairs house-scale living with North Sydney connectivity

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

Off-the-plan property explained: What is stamp duty?

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

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As many developers commit to creating sustainable developments, environmentally-conscious property buyers are spoilt for choice.

Finding green and energy-efficient housing not only reduces your carbon footprint but also helps you lower your bills.

Here are five new developments across Australia implementing sustainable water and energy-efficient features into their buildings and providing residents with facilities to alleviate their car dependency.

1. Daracombe 
7 Daracombe Avenue, Kew VIC 3101

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/daracombe-7-daracombe-avenue-kew-3fa88421280dad9688bb7c73c7bcf93e.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="326" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/daracombe-7-daracombe-avenue-kew-3fa88421280dad9688bb7c73c7bcf93e.jpg?itok=OwKBT_Lt" width="580"></a> <a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/render4c.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="312" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/render4c.jpg?itok=nB38pCs6" width="580"></a>

Situated in Melbourne’s inner-East, Daracombe offers residents the opportunity to save 30 per cent on their utility bills thanks to their sustainability features.

Designed by Conrad Architects, these apartments include sustainable features such as:

•      LED lighting 
•      Full-height double glazed windows 
•      Rain water harvesting 
•      Cross-flow ventilation 
•      Six-star energy rated appliances

The residence offers 18 residences in two and three-bedroom configurations, featuring fringed greenery, natural tavertine stone and oak floors. Two-bedroom, two-bathroom apartments start from $975,000.

2. Salt Townhomes 
85 Grossmans Road, Torquay VIC 3228

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/salt-townhomes-85-grossmans-road-torquay-c7f02c52e41ff3514e514ef866e093e3_0.jpeg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/salt-townhomes-85-grossmans-road-torquay-c7f02c52e41ff3514e514ef866e093e3_0.jpeg?itok=GeebJHqo" width="580"></a>

Salt Townhomes offers residents sustainable living amongst the Surf Coast lifestyle with 50 three and four-bedroom townhouses available within the project. Every home at Salt enjoys a private rear garden and landscaped tree-lined streets. 

“With an average 7.5 star energy rated design that boasts natural materials, double glazing and solar panels, these Townhomes are proving to be a very popular choice for those looking to enjoy the Surf Coast lifestyle", said Salt's sales consultant Sam Parsons. 

These apartments offer sustainable features such as: 

•      Natural materials 
•      Rear garden 
•      Double glazed windows 
•      Solar PV panels

3. Tullamore by Mirvac 
47 Doncaster Road, Doncaster VIC 3108

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/folia-59-stables-circuit-doncaster-f5461f57f0abf5e886a22b59c0d72e62_0.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="326" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/folia-59-stables-circuit-doncaster-f5461f57f0abf5e886a22b59c0d72e62_0.jpg?itok=h5jac9ON" width="580"></a>

Located on Doncaster Road, Tullamore offers residents sustainable living from an entry price point of $400,000 at their Folia apartments development. Folia offers 102 one, two and three-bedroom configurations. 

The development has achieved a six-leaf EnviroDevelopment accreditation, the highest available in Australia. Its sustainable features include: 

•      A 70kWh solar panel array 
•      20 per cent of open land remains green 
•      Integrated water management plan 
•      Renewable energy and battery storage 
•      Option to include a Tesla Powerwall II battery

4. Ed.Square 
Cnr Soliders Pde and Campbelltown Road, Edmondson Park NSW 2174

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/e01_ed_sq_stage_3_da_mews_copy.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="363" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/e01_ed_sq_stage_3_da_mews_copy.jpg?itok=5zGZYcV4" width="580"></a>

Located in Sydney’s south-west suburb of Edmonson Park, Ed.Square is Fraser Property’s new net zero energy demand home project which Is set to produce more energy than they consume.

The balanced energy homes went on sale last month and will save residents up to 43 per cent of their energy costs. Its sustainable features include:

•      LED lighting 
•      Roof insulation 
•      Electric boosted solar hot water 
•      Low-e glazed windows 
•      Ground source heat pump space conditioning 
•      4kW of solar PV 
•      No gas

Ed.Square is located within convenient access to an array of shopping, dining and entertainment facilities, with entry-prices for the development as low as $490,000 for a one-bedroom residence.

5. 249QP 
249 Queens Parade, Fitzroy North VIC 3068

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/10-20-river-boulevard-richmond-41b5e99cf2583d5b6846317ada208296.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="451" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/10-20-river-boulevard-richmond-41b5e99cf2583d5b6846317ada208296.jpg?itok=slJHyAfc" width="580"></a>

Delivered by Salta Properties, 249QP is a clean and green sustainable development in Victoria’s Fitzroy North. Offering 92 one, two and three-bedroom configurations, 249QP is thoughtfully designed and environmentally-focused.

Environmentally sustainable practices such as solar panels power the building and materials are sourced from environmentally responsible producers. Its other sustainable features include:

•      90% of demolition and construction waste recycled 
•      Ground floor bike workshop 
•      Solar panels 
•      Water-efficient fixtures, fittings and equipment 
•      Rainwater collection 
•      Low VOC paints, carpets and sealants

Prices for apartments in the development begin from $420,000 for a one-bedroom, one-bathroom configuration and from $1.1 million for a three-bedroom, two-bathroom residence. 
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Here are five new developments across Australia implementing sustainable water and energy-efficient features into their buildings

max.kwok_55688

5 new sustainable developments for the environmentally-conscious buyer 2020

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GUEST OBSERVER
Our analysis shows an economic downturn as a result of the COVID-19 pandemic will dramatically increase rental stress for people with insecure or casual work. If the downturn persists this will place people in precarious jobs at higher risk of homelessness.
The scenario we explored is the effect of loss of casual work on people on very low incomes. We identify this at-risk group as those aged between 19 and 30 years, living independently with disposable incomes of A$600 a week from casual work or a combination of casual work and benefits.
They typically work in cafes, restaurants, catering, events, fast food and retail. These are the <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2020-03-06/this-is-why-casual-workers-could-be-hardest-hit-by-coronavirus/12027382">jobs most immediately impacted by an economic slowdown</a>. It is estimated <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2019-04-25/australia-sees-increase-in-casual-workers-ai-job-threats/11043772">one in four Australian workers is casual</a>, although not all are on low incomes.
The infographic below illustrates the extreme rental stress a slowdown will cause the low-income casual workers. We have calculated average rent across the broader Melbourne and Sydney metropolitan areas. The infographic shows the impact on rental stress of losing up to A$300 per week of disposable income. The percentages represent the amount of income taken up by rent, with red indicating the most extreme rental stress.
<img src="https://images.theconversation.com/files/321155/original/file-20200317-60932-19pvj8k.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
Source: REIA median rental data (December, 2019), A Guide to Australian Government Payments, authors' calculations
For example, the top row shows a casual worker in Sydney sharing a two-bedroom flat earning A$604 a week had A$344 disposable income after rent. The final row shows an individual in Sydney with A$326 weekly income after losing work income. Their rent then takes up 80% of their income, leaving them with A$66 a week to live on after rent.
The potential impact of the downturn on the disposable income of people with very low incomes means they will be in extreme rental stress unless they have savings.
So do they have savings?
The federal government has <a href="https://www.theguardian.com/world/2020/mar/10/australian-government-warned-not-to-drag-its-feet-on-help-for-casual-workers-in-coronavirus-crisis">suggested</a> casual workers have savings to tide them over. Our analysis of Australian Bureau of Statistics data suggests 38.9% of those earning A$600 or less per week have less than A$600 in savings to get them through. Over a quarter of this group are already in debt.
Another 26.6% of low-income casual workers have a month or less for things to get back to normal.
<img src="https://images.theconversation.com/files/320900/original/file-20200316-27643-y5y5ri.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
Average savings of people earning A$600 a week. Source: Income and Housing, Australia, 2017-18 (Australian Bureau of Statistics), Authors' calculations
These savings will be used up rapidly when average rent in a share house is A$133-220 per week in Melbourne and A$165-260 in Sydney. These rents include outer metropolitan areas, so rental stress in the inner cities will be worse, as our <a href="https://theconversation.com/city-share-house-rents-eat-up-most-of-newstart-leaving-less-than-100-a-week-to-live-on-123772">previous analysis</a> showed.
The downturn will affect a large number of people already on benefits because their income is partly from benefits and partly from earnings. According to <a href="https://data.gov.au/dataset/ds-dga-cff2ae8a-55e4-47db-a66d-e177fe0ac6a0/distribution/dist-dga-1fb71211-4e8a-4bf2-b659-148cd4d6972d/details?q=">data from the Department of Social Services</a>, 41% of Youth Allowance recipients, 28% of NewStart recipients and 36% of Parenting Payment single recipients are working and therefore receive part-rate allowances.
Will the first economic stimulus package help?
For people already receiving benefits the one-off <a href="https://treasury.gov.au/coronavirus/households">A$750 stimulus payment</a> will help to tide them over for 3-4 weeks’ rent. But to date casual workers have not been included in that stimulus payment (unless they receive <a href="https://www.servicesaustralia.gov.au/individuals/services/centrelink/family-tax-benefit">Family Tax Benefit</a>).
People who lose their casual work will be able to get the new <a href="https://www.servicesaustralia.gov.au/individuals/services/centrelink/jobseeker-payment">JobSeeker payment</a> from March 20. It’s the same as the <a href="https://www.servicesaustralia.gov.au/individuals/services/centrelink/newstart-allowance/how-much-you-can-get">NewStart rate</a> – A$326 per week (including average rent assistance) – so it is clear they will be in immediate rental stress.
 
It’s worth noting this rental crisis is compounded because NewStart has not kept pace with rental increases over the last 25 years. NewStart has been increased by CPI only. The chart below shows how wide the gap between Melbourne rent price increases and CPI has become.
<img src="https://images.theconversation.com/files/320901/original/file-20200316-27648-dca69x.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">Median increase in Melbourne rents and CPI, June 1999 – December 2019. Source: Rental Report, Department of Health &amp; Human Services (Dec 2019), Consumer Price Index (ABS), Authors' calculations
So what needs to be done?
The loss of income for casual workers will result in extreme rental stress for people who were already on low incomes. This issue demands urgent attention to prevent a homelessness epidemic. Agencies like the <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2020-03-17/calls-for-housing-eviction-bans-during-coronavirus-outbreak/12060484?fbclid=IwAR0ND56d2GClAg-JNwdtQm6m59rcurdNjBV_M4kl9DbXKgFUDe-PB1q-Y1U">Council for Homeless Persons</a> are already calling for an immediate moratorium on evictions.
Landlords have a responsibility here as well since they benefit from continuity of rentals and the contribution of government policy to their wealth and assets. For example, low-income rents are paid out of a combination of regular earnings, benefit payments and rent assistance. These will now be supplemented because people on low incomes are likely to use the stimulus package to keep up.
The challenge for the government is to provide support to people on very low incomes that will see them through the entire COVID-19 crisis. One solution would be to immediately increase the JobSeeker payment to help people on low incomes ride out the downturn in casual work. Another solution would be to provide replacement income for casual workers affected by the downturn.<img src="https://counter.theconversation.com/content/133782/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;">
<a href="https://theconversation.com/profiles/simone-casey-130516">Simone Casey</a>, Research Associate, Future Social Service Institute, <a href="https://theconversation.com/institutions/rmit-university-1063">RMIT University</a> and <a href="https://theconversation.com/profiles/liss-ralston-295934">Liss Ralston</a>, Urban Statistician, Centre for Urban Transitions, <a href="https://theconversation.com/institutions/swinburne-university-of-technology-767">Swinburne University of Technology</a>
This article is republished from <a href="https://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/coronavirus-puts-casual-workers-at-risk-of-homelessness-unless-they-get-more-support-133782">original article</a>.
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j.ballantyne1990-6AQqhLzZaK

Coronavirus puts casual workers at risk of homelessness unless they get more support

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A residential develop vacant site in the south eastern suburb of Hampton Park, suited for up to three townhouses, has come onto the market for private sale.
The property, at 104 Robjant Street, has a land area of 1,122 square metres, of which a total of 895 square metres is available for the potential development.
The property is being offered for private sale, with vacant possession by a deadline date of Thursday 4 June by agents Gray Johnson.
Their agent Rory White says that the property has been held for many years by the current vendor and regards the holding as surplus to their requirements.
“This is a good level allotment, within minutes of the Hampton Park shopping centre and it is zoned General Residential Schedule 1," Mr White said.
“Some concept plans have been prepared that envisage three larger sized two-storey town houses to be constructed on the site, although the future residential development use by the purchaser will be subject to the normal planning approvals."
The holding is expected to fetch upwards of $425,000.
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Hampton Park development site listed for sale

<html><body>
<img src="/images/stories/11000.jpg">
The total number of square metres of showroom space property manager Centuria Property Funds has leased to bulky goods tenants including Harvey Norman, Fantastic Furniture, Pillow Talk and Carpet Call in both metropolitan and regional centres in Griffith in regional NSW and in the western Sydney suburb of Warwick Farm.
 
<hr>
 
<img src="/images/stories/58.jpg">
The number of staff from fund management company Tyndall Investments who will transfer across to the top floor of 420 George Street, the 28-floor tower on George Street in the Sydney CBD in August 2011. Tyndall will take the 1,220-square-metre floor to showcase its operations in Australia.   The six-year lease was negotiated by Chris Gilbert from Jones Lang LaSalle, representing the owners. The building is co-owned by Fortius Fund Management and Lend Lease’s APPFC retail fund.
 
<hr>
<img src="/images/stories/221.jpg"> 
The net price per square metre Corporate Water Solutions will pay to lease a 234-square-metre new, fully self-contained industrial/commercial units unit at 41/110 Bourke Road, in the Sydney suburb of Alexandria. The two-year lease plus a two-year option was negotiated by Peta Antoniou from Billicorp.
 
<hr>
 
<img src="/images/stories/236.jpg">
The number of square metres that solar panel producer Canadian Solar (Australia) will rent at a net price of $303 per square metre at Unit 3B, North RydeLink Business Park, 277-283 Lane Cove Road in Macquarie Park, in Sydney’s north west. The one-year lease agreement was negotiated by agent Monty Govender from Balmoral Partners.
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lschlesinger-FZcF9M3vE6

Commercial leasing: Watch this space

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<a target="_blank" title="Brisbane clocks in at bottom of market" href="https://www.propertyobserver.com.au/residential/brisbane-clocks-in-near-bottom-of-market/2011060350400"><img src="/images/stories/five.gif"></a> 
Brisbane's time on <a href="https://www.propertyobserver.com.au/residential/brisbane-clocks-in-near-bottom-of-market/2011060350400/Page-9" title="Brisbane clocks in at bottom of market" target="_blank">Property Observer's property clock</a>. Experts say the residential market is at the bottom of its cycle, and they see a good opportunities for investors going into the next upswing.
 
<a href="https://www.propertyobserver.com.au/news/aussie-home-buyers-deeply-in-debt-but-paying-it-off-fast/2011060950452" title="Aussies deeper in debt, but paying it off quickly" target="_blank"><img src="/images/stories/fortyfive.gif"></a>
The percentage of Australian home oweners who <a href="https://www.propertyobserver.com.au/news/aussie-home-buyers-deeply-in-debt-but-paying-it-off-fast/2011060950452" title="Aussies overpay their mortgages" target="_blank">overpaid their mortgages</a> last year.
 
<a target="_blank" title="Chicago Willis Tower" href="https://www.propertyobserver.com.au/news/international/chicago-s-willis-tower-on-the-market/2011060650422"><img src="/images/stories/oneoheight.gif"></a>
The number of storeys in <a target="_blank" title="Chicago's Willis Tower" href="https://www.propertyobserver.com.au/news/international/chicago-s-willis-tower-on-the-market/2011060650422">Chicago's Willis Tower</a>, which is 18% empty and looking for a buyer or investor.
 
<a target="_blank" title="America: buyer beware" href="https://www.propertyobserver.com.au/america-buyer-beware/2011060550325"><img src="/images/stories/sevenhundredthousand.gif"></a>
The<a target="_blank" title="America: buyer beware" href="https://www.propertyobserver.com.au/america-buyer-beware/2011060550325"> number of foreclosures </a>during the first quarter of 2011 in the United States.
 
<a href="https://www.propertyobserver.com.au/commercial/sydney-s-pitt-street-third-most-expensive-in-the-world-for-retail/2011060150362" title="Sydney's Pitt Street retail rents" target="_blank"><img src="/images/stories/three.gif"></a>
Sydney's Pitt Street's ranking in a CBRE list of the <a href="https://www.propertyobserver.com.au/commercial/sydney-s-pitt-street-third-most-expensive-in-the-world-for-retail/2011060150362" title="Pitt Street third most expensive for retail" target="_blank">most expensive retail rents in the world</a>.
 
<a href="https://www.propertyobserver.com.au/news/aussie-commercial-investors-like-their-chances/2011060750424" title="Aussie real-estate executives like their chances" target="_blank"><img src="/images/stories/fortyeight.gif"></a>
The percentage of Australian real-estate executives who are <a href="https://www.propertyobserver.com.au/news/aussie-commercial-investors-like-their-chances/2011060750424" title="Aussie real-estate execs like their chances" target="_blank">optimistic about their portfolios</a>.
 
<a target="_blank" title="Interest rates hold steady" href="https://www.propertyobserver.com.au/news/interest-rates-hold-steady-at-4.75/2011060750429"><img src="/images/stories/fourpointsevenfive.gif"></a>
The current interest rate, after the <a target="_blank" title="Rates hold steady" href="https://www.propertyobserver.com.au/news/interest-rates-hold-steady-at-4.75/2011060750429">RBA decided not to lift rates </a>this month.
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The 7 must-know numbers of the week

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<img src="/images/stories/4052sqm.jpg"><div>The net lettable area that polymer-based innovations and systems company Rehau has at its disposal in the freestanding building at 396 Victoria Street, Wetherill Parkin Sydney. Rehau has committed to a four-year lease at $105 per square metres (net) negotiatedby CB Richard Ellis’ Greg Pike on behalf of FFCC Pty Ltd.</div>
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<div>The warehouse space leased by Ford Land Company to nutritional supplementdistributor Reliv Australia at B2/22 Powers Road, in Seven Hills, Sydney at a netprice of $125 per square metre. The deal was negotiated by Andrew Miller from Jones LangLaSalle.</div>
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<div>The length of the lease signed by IT input device manufacturer Dexin Group (Australia) for a 300-square-metre warehouse at Unit 31, 192A Kingsgrove Road, Kingsgrove, Sydney. Colliers International agents Alex Jaafar and Jon Orsborn negotiated theagreement. Dexin will pay $150 per square metre gross for the space.</div>
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<div>The gross price per square metre Keith Lawson Plasterboard will pay to lease a 40-square-metre m unit at 57A Rhodes Street, Matraville, close to Port Botany in Sydney. A lease term of one year was negotiated by Marino Rodriguez, from Taylor Nicholas.</div>
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The sales price achieved by Charter Hall Office REIT for NCR House at 8-20 Napier Street, North Sydney. The sale represents a market cap rate of 8.75% and a capital value of $5,390 per square metre. Settlement is expected in September 2011.  The net sale price is in line with the June 2011 book value of $57 million and represents a $6.1 million or 12% gain, on cost and a 10% internal rate of return per annum since acquisition of the property 10 years ago. The sale was brokered by Simon Fenn, senior director at CB Richard Ellis.
 
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The initial yield achieved on a prominent sandstone building in Rose Park in Adelaide acquired at auction by a local owner-occupier for $1.325 million. The 550-square-metre site is at 62 Kensington Road and includes nine on-site car spaces as well as rear lane access. The single-level building has a gross lettable area of approximately 189 square metres. CB Richard Ellis’ Will Brown and Ben Younger steered the auction campaign on behalf of a local Adelaide investor who had owned the property for almost 20 years.
 
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The price retail entrepreneur Brett Blundy’s investment company, <a target="_blank" title="Brett Blundy buys on Mornington Peninsula" href="https://www.propertyobserver.com.au/news/brett-blundy-buys-mornington-peninsula-bulky-goods-centre/2011072650917">BB Retail Capital, paid for a bulky goods centre on Melbourne’s Mornington Peninsula</a> from Mirvac. The centre has 32,000 square metres of gross lettable area and is located at 29 Mornington Peninsula. The Savills valuation for Mirvac reflected a 9.75% cap rate. The Peninsula Lifestyle Centre is located on the corner of Nepean Highway and Bungower Road in Mornington, about 15 minutes south of the Frankston CBD.
 
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The total area of office units 4 and 5 at 19 Trenerry Street, Weston in the ACT, bought by Racing and Sports Property Trust at auction. Racing and Sports Property trust spent $907,500 on the units, equating to $3,276 per square metre. One of the units is tenanted by Teachers Credit Union on a three-year lease, the other is vacant. The property was marketed by Michael Heather, associate director of CBD sales at Colliers International. 
 
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The size of Hunter Valley vineyard Windsor’s Edge <a target="_blank" title="Hunter Valley vineyard sells to Chinese investor" href="https://www.propertyobserver.com.au/rural/windsor-s-edge-vineyard-bought-by-chinese-investor/2011072450894">bought by a Chinese investor for $2.7 million</a>. The property sold through Cain Beckett at Jurd’s Real Estate. Windsor's Edge is a small family-operated resort with cellar door at Pokolbin in the centre of the Hunter Valley vineyards. The land is adjacent to the Vintage Resort golf development, on the corner of a major tourist route.
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Commercial hammer prices

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The gross rent per square metre that environmentally friendly bed and bath company Eco Downunder will pay to lease a 67-square-metre shop at 565 Military Road in Mosman from a private investor. The three-year lease term was negotiated by Tom Doran from Doran Commercial.
 
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The amount of fully fitted-out office space that Bank of Queensland has leased over three levels at 144 Edward Street in the Brisbane CBD. The three-year deal, commencing in August 2011, was negotiated by David Goldfinch, Savills Queensland associate director of office leasing. The new lease coincides with the expiry of Bank of Queensland’s lease at 259 Queen Street. The price is undisclosed, but market sources say it is around the $550 per square metre mark. In April this year, AGL Energy paid $769 per square metre to lease 550 square metres of office space at the same address.
 
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The gross rent that the Australian Institute of Management will pay to lease 744 square metres of office space at Childers Square, 14 Childers Street, in Canberra. The five-year deal was negotiated by Michael Ceacis, associate director of government services on behalf of the Amalgamated Property Group, and has a start date of September 1, 2011. Other tenants in the building include NAB, Bureau of Meteorology, Commonwealth Ombudsman, Legal Aid, and Sparke Helmore Lawyers.
 
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The size of an office that graphic designer Fluency and MW Creative have leased at 205/206 441 Elizabeth Street, in Surrey Hills, Sydney. The one-year lease term was negotiated by Kylie Doust from DB Property on behalf of Laoutaris Holdings.
 
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The gross rent per square metre that education provider HBA Learning Centres will pay to lease a 96.1-square-metre office at 275 Alfred Street in North Sydney from Fivex Commercial Property. The two-year lease term was negotiated by Laura Hilder from Aspace Estate Agents.
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<div>The percentage of Melbourne's 639 weekend auction offerings that sold. The same June weekend last year had a 68% success rate with 1050 offerings, according to the REIV. Next weekend 670 properties are expected to go to auction in Melbourne.</div>
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The auction clearance rate of Sydney’s 356 reported weekend offerings. The same June weekend last year had a 59% success rate with 503 offerings, according to APM. Next weekend 460 Sydney auctions are expected.
 
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The weekend’s highest bid, but it wasn’t enough to secure Deauville, the 1934 Point Piper residence on Sydney Harbour. There were three registered bidders, one of whom bid excess of the $16 million vendor bid when it went to auction through McGrath agent Ben Collier in conjunction with Laing &amp; Simmons agent Bart Doff.
 
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The number of properties that sold in Brighton, Victoria, the busiest suburb for auctions at the weekend. Eight of its 14 properties for sale found buyers, and two were <a href="https://www.propertyobserver.com.au/news/record-prices-for-brighton-sales-out-of-the-box/2011062050536" title="Brighton bathing boxes" target="_self">bathing boxes</a>, which fetched $221,000 and $260,000. They were sold by Hodges Brighton director Sam Paynter.
 
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The amount paid for the highest sale of the weekend, which was for a renovated Victorian house on 371 square metres at <a href="https://www.propertyobserver.com.au/trophy-homes/impressive-victorian/2011061650518" title="24 Park Street, South Yarra" target="_blank">24 Park Street in the Melbourne suburb of South Yarra</a>. It was announced on the market at $4.8 million, with competition for two bidders for the two-storey, 1895 house offered by by Marshall White agents Andrew Hayne and Peter Bennison.
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Auction wrap: Where the hammer fell

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<img src="/images/stories/250-m.gif"><div>The sum total of investments to be made in the Perth and Melbourne CBD office markets by listed US developer Brookfield Office. Brookfield will acquire a 50% interest in the BankWest Tower. The building, which is 87% leased with BankWest as the anchor tenant, is located on the corner of St Georges Terrace and William Street in Perth CBD. Brookfield will also buy the 20-storey, 46,000-square-metre Southern Cross West office tower bordering Bourke and Little Collins streets in the Melbourne CBD. The BankWest Tower acquisition is subject to Foreign Investment Review Board approval.</div>
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<div>The price paid for a <a href="https://www.propertyobserver.com.au/commercial/fashion-royalty-boosts-queen-street-s-leasing-pedigree/2011062250571" title="Fashion royalty brings Queen Street pedigree" target="_blank">retail space on 84 Queen Street, Woollahra</a>. The property was sold by Ben Vaughan from Laing &amp; Simmons Woollahra in conjunction with John Knott from Richardson &amp; Wrench Commercial at auction. The shop, on one of Sydney’s most prestigious and tightly held shopping streets, was the home of antiques retailer Howell &amp; Howell for 30 years.</div>
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The price paid by Eltura Services for a food preparation facility at 6-8 Commercial Road, Marleston, in Adelaide’s inner west. The property includes cool rooms, freezer and commercial kitchen space plus storage area. The sale was negotiated by Colliers agent Justin Fried.
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<div>The amount of money coal mining executive <a href="https://www.propertyobserver.com.au/new-south-wales/redfern-proving-magnetic-for-coal-execs/2011062250564" title="Redfern proves magnetic for coal execs" target="_self">Peter Bond from Linc Energy spent on the 125-year-old former Redfern post office</a>, at 113 Redfern Street, Sydney. Bond acquired what is now an office building as an investment property. The building sold through McGrath agents Paul Ephron and Ben Forsyth. It was recently sold by publicist Max Markson, who had used the heritage property as the base for his publicity business Markson Sparks. Markson had bought it from Sorin Dascalu &amp; Associates in 2006 for $1.9 million. The 480-square-metre building was built in 1882.</div>
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The price achieved by CB Richard Ellis agent Rem Rafter for a 3,682-square-metre industrial property at 45 Wises Road, Maroochydore on the “difficult” Sunshine Coast on behalf of privately held Tichborne Pty Ltd. The company bought the property from the developer in 2000 for $1.6 million. Rafter says the deal has been struck at a yield of 8%. The property has been acquired by an unnamed Sunshine Coast investor in an off-market sale. The Australian Post currently leases a 1,100-square- metre warehouse on the block of land as a delivery centre and holds the lease until December 2012 at an annual net rental of $240,000 with a five-year option to renew.
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