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.

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[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

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The purchase of the five-hotel Ayers Rock Resort, overlooking Uluru, by the Indigenous Land Corporation (ILC) is to be investigated by the federal government. 
Fairfax Media reported that Finance Minister Mathias Cormann has been convinced of the need for an inquiry into the $317 million acquisition in 2010.
After lobbying by the new board of the ILC, the minister has asked Indigenous Affairs Minister Nigel Scullion to take charge of a review.
The new board of the ILC has complained that the acquisition has burdened the corporation with debts of $200 million.
After two write downs it is worth nearly $120 million less than when it was bought from the listed GPT group. 
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jchancellor-FAypfDUnLy

Inquiry set for $317 million Ayers Rock Resort purchase 

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A $7.8 million development site at Bundoora has been sold by Savills International at 33 Janefield Drive.
It last sold at $5.5 million in 2010.
<a href="https://www.realcommercial.com.au/property-land+development-vic-bundoora-501343339" target="_blank">The 1.64 hectare site</a> has zoning which allows for a range of uses, including townhouses, apartments and student accommodation.
The current permit allows for 45 luxury townhouses within proximity of the University Hill Town Centre.
Given its proximity to the wetlands it was marketed as offering water views, something of a rare Melbourne marketing option.
Elsewhere in Bundoora, Dealcorp has onsold parts of the former Larundel Hospital site, including the Woolworths and Dan Murphy stores for $22.5 million reflecting a 7 per cent yield. 
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Bundoora site with student accommodation potential sold

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The art deco Dorijo apartments at 458 Victoria Parade, East Melbourne have been sold for $4.95 million.
Heritage watchers are now worried as to its fate, hoping for its restoration.
It was offered through <a href="https://www.realestateview.com.au/print/7782056.pdf" target="_blank">Teska Carson</a>.
The art deco block has 12 strata units sold in one line. Some leases were still existing.
With weekly rents upwards from $260, its income was around $175,000 annually, reflecting a 3.5% yield. 
Its land area is 647 square set between Powlett and Hoddle streets.
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Art deco Dorijo apartment block sells at 458 Victoria Parade, East Melbourne

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Another quarter or half percent interest rate cut won't make the property market hotter, John Symond thinks.
The founder of Aussie Home Loans noted parts of the real estate market had cooled.
"Certainly the lower rates go the more affordable it is for borrowers, but I think we have rates at the moment where another quarter or half percent rate cut I don't think will push the property market to be hotter."
He envisaged rates would be cut because of the non-housing sector which needs "every bit of help they can get."
But with falling oil prices a boost to mum and dad wallets, Symond reckons the Reserve Bank might wait on the first cut in 2015.
"They might wait a little bit longer to drop than next week," he told Ross Greenwood on 2GB Money News.
"The political situation is not helping the economy," he said.
<a href="/expert-insights/finance/john-symond-expects-five-year-fixed-interest-rates-to-dip-to-4-75">Late last year</a> John Symond tipped five-year fixed loans were heading to 4.75%.
His comments came before today's CPI data which was was mixed, with a further slowing in headline inflation but some pick up in underlying measures.
Headline inflation printed at 0.2% q/q and 1.7% y/y, the weakest annual rate since Q2 2012.
At the component level, ANZ said the largest downside surprises were for fruit and vegetables, as well as retailing components such as clothing &amp; footwear and household furnishings and audio, visual and computing equipment. 
"Indeed, tradables measures were very weak, confirming our view that global disinflationary trends and weak demand conditions are partially offsetting the impact of pass-through from the weaker currency."
Meanwhile ANZ Banking Group chief executive Mike Smith has suggested the Reserve Bank of Australia should resist calls to cut official interest rates saying he was optimistic about Australia’s outlook – particularly with a falling dollar making exporters more competitive.
“If I was the central bank I would wait and see how this plays out because if the currency can take most of the shock, it’s a much better way to deal with it,” he said in remarks ­published by the bank on its <a href="https://bluenotes.anz.com/posts/2015/01/no-need-for-rate-cuts-mike-smith/" target="_blank">Bluenotes website</a>.
Speaking exclusively to BlueNotes on video, Smith said while plunging commodity prices were having an effect, the declining Australian dollar was mitigating some of the damage. “And of course it does leave you the option of monetary policy later.”
“I still see Australia as relatively well placed. I’m still not too worried by the Australian economy.”
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Rate cut won't reignite property market: John Symond

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A triple level set of South Yarra townhouses is the set for the latest series of The Block.
Last night's premiere introduced audiences to the show's six new couples, who will be whittled down in elimination rounds to finally compete against one of three returning couples.
From Busselton in Western Australia come Luke and Ebony, pictured below. Ebony is a 23 year old interior designer, while Luke is a carpenter. Host Scott Cam reminds us that they are something the Block has never had before – a brother and sister team.
<img src="/images/2015/01/28/luke%20and%20ebony.jpg" alt="">
Victorian cousins Brooke and Aimee have the least renovation experience, with one a 000 call operator, and the other a full time mother (pictured below).
<img src="/images/2015/01/28/brooke%20and%20aimee.jpg" alt="">
Given The Block's punishing three weeks of elimination rounds before the game begins proper, they may be the sacrificial lambs of the series. Cam again notes that they are a Block first, as cousins (lest you think they and their fellow contestants seem exactly the same as every other person who has ever graced the set of The Block).
Tim and Anastasia, pictured below, are from South Australia.
<img src="/images/2015/01/28/tim%20and%20anastasia.jpg" alt="">
Tim describes Anastasia "in one word" as "hard working", noting that she "can probably put most blokes to shame with the effort she puts in". In the world of The Block, this is very impressive (just ask "hardest working woman in Block history" Jenna, from The Block Glasshouse).
Ayden and Jessica, pictured below, hail from Queensland.
<img src="/images/2015/01/28/ayden%20and%20jess.jpg" alt="">
Ayden is a self employed cabinet maker, while Jessica is a sales manager. Having previously renovated a house, they now own a block of land which they plan to build a home on.
From Manly are JJ and Mark, a structural landscaper and a property developer, pictured below.
<img src="/images/2015/01/28/mark%20and%20jj.jpg" alt="">
They have renovated external areas of their Queenscliff apartment.
Charlotte and Josh, below, are also from Manly. Charlotte is a food stylist and caterer while Josh is a carpenter. The couple look like they could be the Kyal and Kara, or Maxine and Karstan, or Jessica and Mark, of The Block Triple Threat.
<img src="/images/2015/01/28/josh%20and%20charlotte.jpg" alt="">
The teams' first challenge is to design and renovate a bedroom in 24 hours. Three of the six teams introduced will be eliminated at the end of the week, after renovating three rooms: a bedroom, a living and dining room and a bathroom.
They are given $10,000 to produce their first bedroom. What ensues is a lot of driving around, gasping at the modest brick townhouses, questionable decisions regarding suspended chairs, pendant light shopping (a Block staple).
The results of their labour, of course, were not revealed in the premiere episode, with producers saving that for tonight. With all this drawn out drama, The Block's triple threat may be the three long weeks of elimination rounds – which might just test the patience of viewers.
{mijopolls 83}
All pictures courtesy of Channel 9.
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jrichardson-uRX5hFdKfN

The Block returns with the premiere of Triple Threat

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An 860,000 debut audience for latest reality renovation series, The Block Triple Threat, was no match for Seven's tennis coverage last night.
Seven achieved up to 1.7 million watching Kyrgios v Murray. The soccer audience, a combined ABC and Fox Sports, exceeded The Block too.
It was the weakest launch for a series of The Block ever. Maybe everyone is awaiting Darren and Dee!
Last January the Channel 7 series, My Kitchen Rules, easily won the 2014 reality television blockbuster's debut up against The Block on Channel 9.
The initial 2014 OzTam ratings had the MKR audience at 1.67 million.
The Block Fans v Faves in 2014 secured a very respectable 1.14 million opening night five capital city audience.
The premiere of The Block Glasshouse attracted 1.374 million viewers.
The Block Sky High series debuted with 1.312 million in 2013.
Last night's 2015 debut in South Yarra was the 10th season for The Block which began in 2003 at Bondi Beach.  
No sign yet of any promotion for the Johanna Griggs hosted House Rules next series on Seven, whose debut second series debut was triumphant with 1.18 million metropolitian viewers, according to the OzTam ratings.
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Seven's tennis smashed The Block, which posed no opening night threat

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A vacant plot in Noosa sold for $1.8 million last week.
The result places it second in the week’s top 10 most expensive sales, according to CoreLogic RP Data.
<a href="https://www.realestate.com.au/property-residential+land-qld-noosa+heads-201053443" target="_blank">3 Natasha Avenue, Noosa Heads site</a> sold as a deceased estate at auction after 23 years of ownership.
The week’s prestige property sales were yet again relatively subdued, presumably due to low sales volumes. The most expensive property selling for $2.32 million and the top 10 bottoming out at $1.51 million.
CoreLogic’s top 10 sales of the week ending 26 January:
<a href="https://www.realestate.com.au/property-house-nsw-marsfield-118192399" target="_blank"><img src="/images/2014/07/04/yellow-one.jpg" alt="">24 Dora Street, Marsfield, NSW</a>
<img src="/images/2015/01/27/1.jpg" alt="">
This five bedroom, three bathroom house sold for $2.32 million through NNW Property last week. In its listing, the house is described as having “luxurious European styling”, which in this case refers to its marble flooring throughout the lower level, chandeliers and European kitchen appliances. The 431 square metre home sits on a 600.7 square metre block.
In 2011, the vendors paid $800,800 for the property in 2011, which they knocked down and rebuilt after using it as an investment property. The former home on the site was advertised to rent at $670 per week, representing a yield of 4.3%.
<a href="https://www.realestate.com.au/property-house-qld-noosa+heads-118687963" target="_blank"><img src="/images/2014/07/04/yellow-two.jpg" alt=""></a><a href="https://www.realestate.com.au/property-residential+land-qld-noosa+heads-201053443" target="_blank">3 Natasha Avenue, Noosa Heads</a>
<img src="/images/2015/01/27/noosa.jpg" alt="">
The vacant plot in Noosa sold for $1.8 million through Laguna Real Estate.
The elevated 932 square metre triangular site has a northerly aspect and overlooks Laguna Bay and Noosa River.
<a href="https://www.realestate.com.au/property-house-nsw-alexandria-118205343"><img src="/images/2014/07/04/yellow-three.jpg" alt="">1B Power Avenue, Alexandria, NSW</a>
<img src="/images/2015/01/27/3.jpg" alt="">
Buyers paid $1.76 for this three bedroom unit, sold at auction through BresicWhitney Real Estate Agents Glebe. The contemporary terrace has two courtyards, with a dual aspect and double height glass capturing daylight.
The vendors used 1B Power Avenue as an investment property, last advertising it to rent in March last year at $1,290 per week. At its sale price, that represents a yield of 3.8%.
<a href="https://www.realestateview.com.au/Real-Estate/8-eden-close-dudley/Property-Details-buy-residential-7909218" target="_blank"><img src="/images/2014/07/04/yellow-four.jpg" alt="">8 Eden Close, Dudley, NSW</a>
<img src="/images/2015/01/27/4.jpg" alt="">
A four-bedroom modernist house sold for $1.7 million through PRD Nationwide Newcastle, after 53 years of ownership. The house, offered for the first time since 1962, has an elevated position which offers views of the Newcastle coastline.
It includes a saltwater pool and many features of organic modernist architecture, including exposed timber and numerous full height windows to capture the surrounding environment.
<a href="https://www.realestate.com.au/property-house-nsw-glebe-117952627" target="_blank"><img src="/images/2014/07/04/yellow-five.jpg" alt="">35 Talfourd Street, Glebe, NSW</a>
<img src="/images/2015/01/27/5.jpg" alt=""> 
This four bedroom house sold through McGrath Estate Agents for $1.7 million. Set across three levels on a corner position, the home features polished concrete floors and plantation blinds, with bi-fold doors opening to a courtyard.
The vendors paid $1.15 million for the home in 2011, before undertaking significant renovations.
 
<hr class="system-pagebreak">
<a href="https://www.realestate.com.au/property-house-nsw-leichhardt-118680123" target="_blank"><img src="/images/2014/07/04/yellow-six.jpg" alt="">34 South Avenue, Leichhardt, NSW</a>
<img src="/images/2015/01/27/6.jpg" alt="">
Buyers paid $1.66 million for this double fronted Leichhardt home, sold through Harris Partners Balmain. The freestanding house has five bedrooms and two bathrooms, sitting on a 482 square metre plot.
<a href="https://www.realestate.com.au/property-house-nsw-belrose-118545235"><img src="/images/2014/07/04/yellow-seven.jpg" alt="">11 St Andrews Close, Belrose, NSW</a>
<img src="/images/2015/01/27/7.jpg" alt="">
A five-bedroom house sold through McGrath Estate Agents for $1.6 million last week. The family home, located at the end of a cul-de-sac, has a pool, with a covered deck and gardens.
Vendors paid $440,000 for the property in May 2002.
<a href="https://www.raywhite.com/qld/broadbeach/1241099/" target="_blank"><img src="/images/2014/07/04/yellow-eight.jpg" alt="">42/173 Old Burleigh Road, Broadbeach, QLD</a>
<img src="/images/2015/01/27/8.jpg" alt="">
The only apartment to make this week’s top 10 list was a Broadbeach two bedder, sold for $1,575,000 through Ray White Mermaid Beach.
Vendors made a loss on the sale, having purchased it for $1.95 million in 2008.
The apartment, which shares the 17th floor of the Verve complex with just one other, has 184 square metres of floorspace. Nearly every room offers ocean views, with a full length balcony.
<a href="https://www.realestate.com.au/property-house-nsw-beacon+hill-118222007" target="_blank"><img src="/images/2014/07/04/yellow-nine.jpg" alt="">11 Lady Penrhyn Drive, Beacon Hill, NSW</a>
<img src="/images/2015/01/27/9.jpg" alt="">
Ray White Forest Group secured the sale of this house for $1.55 million. The five-bedroom home with an elevated position is set over three levels. The ground floor has a self-contained guest suite with an en-suite, walk in robe and kitchenette.
The middle level has the master suite, another bedroom and the kitchen and dining areas, while the third level contains a further two bedrooms, a bathroom and living areas.
The vendors paid $1.03 million for the home in 2010.
<a href="https://www.realestate.com.au/property-house-wa-wembley-118802543" target="_blank"><img src="/images/2014/07/04/yellow-ten.jpg" alt="">61 Essex Street, Wembley, WA</a>
<img src="/images/2015/01/27/10.jpg" alt="">
Western Australia’s only offering to make the top 10 list this week was a $1.51 million home sold through Bexleys Real Estate. The renovated four bedroom house in Wembley has a formal living room and separate dining, with another family living area and decking outdoors for entertaining.
The property had been held for 24 years by the vendor before last week’s sale. They paid $168,000 for the home in 1990.
Amendment: This article initially misidentified the $1.8 million Noosa property as one that had been wrongly listed. The specific property has now been corrected.
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Noosa vacant plot makes top 10 sales of the week: CoreLogic RP Data

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The Chinese industrialist, Feng Hailiang has spent $34 million on a large residential development site at Campsie in Sydney’s inner south-west.
Hailiang Group bought the 4,416 square metre Robbo's Retail site at 445-453 Canterbury Road.
 The Australian reported the company plans a $70 million mixed-use development with 200 plus units and commercial and retail spaces.
Hailiang, China’s 90th richest man <a href="https://www.forbes.com/profile/feng-hailiang/" target="_blank">according to Forbes</a>, is reportedly worth US$1.7 billion (A$2.14 billion).
Hailiang Group is one of China’s largest copper tubing and alloy manufacturers.
It has expanded into real estate development seeing the Australian property market as "thriving".
The <a href="/news">Campsie</a> development is to be financed through a capital raising and new debt.
Council considerations in 2013 suggested a height limit of 25 metres. 
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Canterbury Road, Campsie site sold to China's Hailiang Group

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Karratha, in Western Australia's Pilbara region, was pinpointed as Australia's most affordable town, according to the 11th Demographia survey.
The controversial research body noted Karratha's median property price was a supposed $440,000, on low sale volumes, which was 2.6 times higher than its median annual household income of $171,600.
In 2013, it was rated as "severely unaffordable" in Demographia with a median price of $775,000, 4.9 times the then median salary of $156,700.
The household income figure is elevated by the town's mining economy, with iron ore mining a major source of employment in the region.
However, as reported in the <a href="https://www.afr.com/p/national/pilbara_mining_towns_need_jobs_and_SdKCscxN2BhhVzRdVspHAK%20" target="_blank">Australian Financial Review</a>, employment opportunities in the area are declining as the mining industry moves from the construction phase to the operational phase.
According to a Deloitte report for the Chamber of Minerals and Energy of Western Australia, the Pilbara's labour force is expected to decline by 14,300 workers by 2020, as 17,900 construction jobs are shed and 3,600 operational workers are introduced.
The shift has repercussions in the area's property market, despite investment by local and state governments that has delivered infrastructure and improved amenity in the Pilbara, including Karratha.
Demographia's latest <a href="/expert-insights/investing/the-full-affordability-list-from-adelaide-to-wollongong-demographia-2015">International Housing Affordability Survey</a> ranked Karratha the most affordable in a list of 51 towns, using statistics from the Real Estate Institute of Western Australia among other sources, based on median property price as a multiple of median household income.
Property Observer  has previously noted price declines over the past two year, with more obvious price declines evident in 2014.
Karratha's property declines are demonstrated by <a href="https://www.realestate.com.au/property-house-wa-millars+well-118213123" target="_blank" style="line-height: 1.3em;">this Millars Well property</a>, which CoreLogic RP Data reports as having sold for $380,000 in December 2014, after being listed with a price guide of $415,000 (pictured below).
<img src="/images/2015/01/22/k1.jpg" alt="">
The vendors purchased the three bedroom house for $465,000 in 2006. In 2012, while held by the vendor, it was listed to rent for $1,000 per week, representing a yield of 11.2%.
Given Karratha's large transient workforce, its rental market has been characterised by relatively high rents.
<a href="https://www.realestate.com.au/property-house-wa-bulgarra-115025831" target="_blank">506 Hunt Way in Bulgarra</a> sold for $585,000 in December, after just a year of ownership (pictured below). When it was purchased in late 2013, it was priced at $589,000.
<img src="/images/2015/01/22/k2.jpg" alt="">
The vendors who sold the home for $589,000 in 2013 purchased it for just $44,000 in 1996.
In 2012, it was advertised to rent at $1,400 per week – if successfully rented, it would have earned its owners 1.65 times their purchase price annually.
While the gains for investors may have been ludicrous in the past, as the workforce declines, so too does their income stream.
In 2013, Property Observer wrote that the region's rental market was starting to "<a href="/expert-insights/investing/pilbara-rental-market-starts-to-lose-some-of-its-sparkle">lose some of its sparkle</a>". By July 2014, columnist Terry Ryder was calling <a href="/expert-insights/port-hedland-and-karratha-the-best-places-to-buy-dont-get-roped-into-that-one">Karratha a market "in decline"</a>, but remaining "outrageously overpriced".
The price declines are evident at <a href="https://www.realestate.com.au/property-house-wa-pegs+creek-116093911" target="_blank">7 Wilson Court in Pegs Creek, pictured below</a>.
<img src="/images/2015/01/22/k3.jpg" alt="">
The home sold for $685,000 in April 2014. It has changed hands regularly in the last 10 years, first selling for $320,000 in 2004 before making a 173% price increase over three years to sell in December 2007 for $875,000.
It resold again in 2009 for $710,000, dropping 18.9% in a year and a half. It was then held for three years before its $685,000 April 2014 sale.
The home was advertised to rent for $1,000 per week in April 2014, representing a rental yield of 7.5%.
The town's rental market has been in a downturn in recent years, as have many mining towns in the region.
SQM Research shows the <a href="https://www.sqmresearch.com.au/graph_vacancy.php?sfx=&amp;region=wa%3A%3ANorthern+WA&amp;t=1" target="_blank">vacancy rate</a> in Northern Western Australia tracking upwards in the past two years.
<img src="/images/2015/01/22/Picture%207.png" alt="">
<img src="/images/2015/01/22/Picture%208.png" alt="">
The exit of renting mine workers has also seen <a href="https://www.sqmresearch.com.au/graph_median_rent_weeks.php?sfx=&amp;region=wa%3A%3ANorthern+WA&amp;t=1" target="_blank">rents drop in the region</a>.
Asking rents in Northern Western Australia:
<img src="/images/2015/01/22/Picture%2011.png" alt="">
<img src="/images/2015/01/22/Picture%2013.png" alt="">
As the mining economy transitions into its operational phase over the next few years, Karratha's "affordability" looks likely to continue. <a href="https://www.realestate.com.au/property-house-wa-nickol-114049187" target="_blank">19 Matebore Street, in Karratha's Nickol</a>, is currently on the market for $610,000. Its asking price has been discounted by 22% since it was first listed 594 days ago, for $775,000.
<img src="/images/2015/01/22/k4.jpg" alt="">
Asking rents for the house have been similarly discounted over the past few years. In 2012, it was being advertised to rent at $1,700 per week. In 2014, that decreased to $1,100 per week. Last week, it was advertised again at $750 per week.
The owners paid $790,000 for the home in 2009. If it sells at its current asking price, they will be facing a $180,000 loss, plus stamp duty costs.
{mijopolls 82} 
Feature image of Karratha courtesy of Nachoman/<a class="mw-mmv-license" href="https://creativecommons.org/licenses/by-sa/3.0/" target="_blank" style="font-size: 12.1599998474121px; line-height: 1.3em;">CC BY-SA 3.0</a>.
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Karratha: One of Australia's most "affordable" towns, as prices decline

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At the start of every New Year the first things we see for some strange reason are predictions.
 Even stranger when it comes to property there are only two possible outcomes: boom or crash. What exactly happened to the glass half full or half empty philosophy?
So my prediction for 2015 is that the Australian property markets will see some half full and others half empty movements. One would have thought that many real estate commentators were embarrassed and fooled by the Australian property markets in 2014 given their out of control ‘bubble’ declarations, only to find out it was investors driving the market not households (as they incorrectly reported).
So let’s move to the nitty gritty facing 2015 – a record low cash rate, low inflation and low GDP. This means again that investors will be faced with just the two alternate options; equities or the residential real estate markets. Real estate will again be the preferred investment strategy of choice in 2015 – more particularly as they continue to propel their self-managed superannuation funds.
After all it’s much easier to monitor the idiosyncrasies of the real estate markets than it is with equities – the latter are global markets where real estate is much more local orientated. Of course an argument will pop up that the global financial crisis (GFC) was global where property prices fell 25% on average approximately. In the vast majority of cases prices are now back (or close to) the 2007 benchmark prices.
When one then looks at the RUOK markets in 2015 – NSW looks like being the star performer again. Western Australia held the mantle for the last three years although with the mining decline and a working population shift it finds itself in correction mode having slipped to third place, with Victoria in fourth and Queensland fifth spot. NSW has now posted constant strong jobs growth which then ricochets to job security which then ricochets to consumer spending.
As a natural progression the high profile debating team of boom and bust will be front and centre in 2015 with the usual ‘Australia has the most expensive housing prices in the world’. Well one would have thought that if the situation was that dire the GFC average correction should have been much more severe – but it wasn’t.
Yes, Sydney prices over the last two years are reportedly up 30% but what conveniently keeps being omitted is that the formula applied is a ‘median’ price and Sydney has the most expensive top end residential real estate in Australia, so this figure is actually inconsequential given Sydney’s top sale for 2014 was $39 million. 
Housing markets can be irresponsibly skewed when you have Australia’s number one top end market or, better still, Sydney is using a top end steroid to drive up its median price. A shame this is not pointed out.
He’s baaaack! <a href="/news/steve-keen-says-the-australian-property-bubble-could-keep-going-through-2015">Steve Keen says the Australian property bubble could keep going through 2015 </a>– For some strange reason (again) I struggled to follow his line of reasoning as to what would prompt a decline in property prices. That nasty four letter word keeps popping up – debt. However, we should remember the word that always precedes debt is managed.
As I predicted last year we will see two 0.25% cash rate reductions in the first half of 2015 with the cash rate sitting at 2% as at 30 June 2015. Of course when the cash rate starts firming back up only then will we see some corrections in property prices as many will struggle to ‘manage their debt’.
We need to look closely at the DNA of those commentating on the Australian real estate markets – and I can’t go past Steve ‘Headline’ Keen. 
Back in September 2008, he told Jonathan Chancellor that he was listing his Surry Hills, Sydney apartment with $500,000 expectations. His reason for selling at the time, “partly to put my money where my mouth is and partly due to changed personal circumstances.” 
I’m sure based on current comparable sales he wouldn’t be that happy to observe that if he had held on, he would be up approximately 50% today from when he sold.
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