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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A property investor who terminated a contract to buy a Sydney Northern Beaches property after successfully bidding for it at auction has been ordered to pay the vendor almost half a million dollars in compensation and costs.
The compensation covers the shortfall between the original December 2009 winning bid of $2.3 million and the subsequent sale in February 2010 for $1.95 million: $350,000 plus interest and $50,000 in legal costs.
The case dates back to December 12, 2009, when David Anthony Burnet and Pamela Jane Clancy sold their $2.3 million home at Edgecliff Boulevard, Collaroy Plateau, to defendant Lily Maria Gubbay at auction.
Gubbay signed a contract for the two-bedroom house overlooking the ocean and provided a cheque for the 10% deposit of $230,000 to the agent, Cranston Schwarz of LJ Hooker Freshwater.
The cheque was subsequently dishonoured.
On December 16 2009, Gubbay’s lawyer told the vendors she had “no money” and the contract was cancelled by the vendors on December 29 2009.
Court documents reveal that Gubbay owned three other investment properties at the time – in Manly (valued at $950,000 with liabilities of $226,000), Salamander Bay (valued at $380,000 with no liabilities listed against it) and Townsville (valued at $500,000 with liabilities of $492,000).
“The Balance Sheet recorded that the defendant had total assets of $1,830,000 over liabilities of $718,000,” court documents say.
Gubbay was only able to pay $50,000 of the required $230,000 deposit, with her lawyer arguing that acceptance of this amount affirmed the sales contract.
However, Justice Patricia Bergin ruled otherwise: “The fact that the [vendors’] agent banked the $50,000 and the plaintiffs did not direct the agent to return it does not affect the plaintiffs' right to terminate.”
“That right is lost ‘as soon as the deposit is paid in full’. Those words in clause 2.5 of the contract evidence an intention of the parties that even though part of the deposit might be paid, the right to terminate was not lost until the full deposit was paid.”
Bergin also dismissed a counter claim from Gubbay for the return of the $50,000 deposit.
She said the conduct of Burnet and Clancy was “beyond reproach”
“They were entitled to terminate the contract when the deposit cheque was dishonoured on 17 December 2009. However they did not do so immediately and conducted professional discussions through their solicitors and provided the defendant with an opportunity to pay the full deposit. The defendant did not avail herself of that opportunity.”
Real Estate Institute of Australia acting president Pamela Bennett says the ruling reinforces the fact that an auction process is legally binding.
"At all auctions you must be able to pay the deposit. It is unconditional," she says.
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lschlesinger-FZcF9M3vE6

Auction buyer ordered to pay $350,000 shortfall after failing to settle

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Amid deteriorating confidence about the economic outlook, Australian investors now expect their property assets to outperform their share portfolios. 
Only a quarter (26.5%) of the 820 investors surveyed by research house CoreData believe shares will outperform residential property over the next quarter of 2011, compared with more than half (55%) who believed so in the second quarter. 
Investors believe all investments, apart from residential property, will perform worse in the next three months. 
In terms of value, residential property has the greatest worth among the investments held and savings has the least, the survey found. 
The affinity for property is not surprising, with 44% of investors saying not holding enough assets makes them feel insecure. 
More than a half (55%) are worried about not earning enough money and 45% are worried about paying off their debts. 
Overall, the survey uncovered a dramatic fall in investor sentiment in the third quarter with the index now sitting at -21.7, a drop of 15.7 points. 
Investor sentiment is now at its lowest level since the first quarter of 2009. 
“Australians are clearly panicking and preparing for tough times ahead,” says CoreData head of advice, wealth and super Kristen Turnbull. 
“They are shaken by the recent US and European debt crisis and are concerned over the fallout of economic uncertainty.” 
“Eighty per cent of respondents predict an economic slowdown over the coming quarter. Investors have become much more negative about business conditions with 68% of respondents expecting them to deteriorate, up from 44% last quarter”. 
The survey uncovered negative sentiment towards business and economic conditions from all demographics, with women more concerned than men. 
Other findings from the survey: 
<ul>
<li>Superannuation funds (69%) and savings accounts (65%) remain the most commonly held investments, followed by direct shares (36%). </li>
</ul>
<ul>
<li>Three out of 10 investors are most likely to rebalance towards cash over the next quarter.</li>
</ul>
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More investors think property will outperform shares: Survey

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The Western Australian government has offered a massive parcel of prime Perth CBD property for sale with hopes that it will realise more than $1 billion.
Expressions of interest for the 5.2-hectare riverfront site have been called internationally, with the government amalgamating many holdings into a single package to sell to one buyer.
It is being touted as the West’s version of Barangaroo in Sydney.
“It will be sold to a single buyer, but that is likely to be a consortium of developers,” says WA Planning Minister John Day.
According to the minister, the site will be developed into low-level office buildings, a retail strip that will connect the CBD to the Northbridge entertainment precinct, residential apartments and a prestige hotel.
“We need to bring more people to live in the Perth CBDm so there should be a large residential component,” he says.
Local interest is expected from Brookfield Multiplex, Lend Lease and Mirvac, and Singapore’s Fraser Group and cashed-up Dutch and Canadian superfunds, which already have a strong presence in Perth, are expected to put their feelers out.
Known as the Perth City Link project, it is the WA’s largest development plan. It will include the sinking of the inner-city rail line to build residential apartments overhead. The state will also pick up the cost of creating a public square within the project.
The Perth City Link is part of the large-scale redevelopment of the waterfront that includes the Riverside project near the city causeway.
Expressions of interest close in November.
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andreadixon-oif3j7eKne

Billion-dollar hopes sought for Perth's Barangaroo

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The City of Perth will continue to develop its CBD laneways as retail vacancies rise and more than 22,000 square metres of retail stock is due to hit the market over the next 12 to 18 months.
Almost one in 10 (9.7%) retail properties are currently vacant in the Perth CBD, compared with a vacancy rate of 7.4% recorded in November 2010.
The revitalising of Perth laneways began with the redevelopment of Wolfe Lane in 2008 off Murray Street just behind His Majesty’s Theatre.
The new Apple store backs on to Wolfe Lane with Knight Frank agent Amy Matraszek calling it a “Melbournesque-style laneway with Bars, Cafes and stylish services”.
Matraszek is currently seeking a tenant for up to 250 square metres of retail space at 321 Murray Street, with Wolfe Lane running down the side of this building. The gross rent is $1,500 per square metre.
“This is a rare opportunity to become part of the ‘ants trail’ effect from the traditional malls, without the mall price tag,” she says.
Grand, Mclean and Howard lanes are the next city laneways currently being upgraded.
Excluding the current laneway projects, the city has around 30 laneways that could potentially be redeveloped.
According to Savills, the laneways project aims to encourage greater use of these valuable inner city spaces, stimulate commercial interest and reinvigorate the atmosphere.
An increase in prime rents is blamed for the rise in vacancies.
Rents in the Hay Street Mall, Perth’s premier shopping arcade, currently sit between $2,200 per square metre and $4,800 per square metre.
Vacancies in CBD malls have also risen over this period – up from 7.1% to 8.6%.
Clothing, footwear and personal accessory make up the majority of the space in retail arcades at 35.7% followed by cafes, restaurants and takeaways (17.6%) and service businesses (16.1%).
The biggest retail development currently under construction is Saracen Properties’ 13,000 square metre Raine Square project at 298 Murray Street, due to be completed next year. It forms part of a 44,000 square metre, 20-story office tower, which has been leased to Bankwest. The retail component – 53 shops, a supermarket and food hall - is 70% pre-leased.
Brookfield Multiplex is developing a new city square at 125 St. Georges Terrace which will comprise 6,000 square metres of retail space. Stage one is due for completion at the end of 2012, whilst stage two is due for construction in 2012.
Another major long-term plan is the $2 billion Perth City Link Project expected to deliver boutique office, retail and residential to the Perth CBD market by 2016.
Around 24,000 square metres of retail, hospitality and commercial floor space will join the market as part of this mixed use development which will link   city’s retail hub with the Northbridge entertainment precinct.
Expressions of interests for the City Link Project will be open until November 10 with a final selection expected by the end of 2012.
Despite the current high vacancy rate, Savills says the strong economy and the increased mining activity, means the long term outlook for retailing in Western Australia looks positive.
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Perth to develop Melbourne-style laneways as retail vacancies rise

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Recently, I received an emailed from a concerned Property Success viewer who had seen my photo and biography featured on a website alongside a number of ‘infamous’ property ‘experts’ – you know, the kind whom A Current Affair is always chasing down the street, and who answer each question with ‘no comment’, or hide in the ladies room to avoid difficult questions being posed by disgruntled followers. 
This website listed five people amongst their ‘expert dream team’ and, lo and behold, there were my details, at number three! Upon further reading it was clear that I wasn’t actually appearing anywhere with my alleged fellow dream team members, and I could tell that the information and photo had been ripped from another legitimate site else ¬where. But, the point was made and anyone who knew little about these things would easily have thought that I had gone over to the dark side! 
Enlisting a friend who is great at chasing down detail, we explored further and discovered that there exists a form of ‘pyramid marketing for wealth creation sites’. We pieced the detail together and, to the best of our ability, this is how we think these things go.
An internet marketing seminar is promoted at a property investor seminar – anyone with a passion for property and something to say can enlist to learn (you guessed it!) the secrets of making money via the internet. The fee to attend such a marketing seminar is a few thousand dollars and as the return is promised as being exponential many sign up.
At this seminar, attendees are provided with a skeleton website to which they can add their own personality and they are taught how to use it to make money.
The resulting website, owned by the usually unsuspecting property investor, will have some kind of flashy name which infers the capacity to create boundless wealth, such as www. pathwaystoriches.com.au. www.millionairesinaminute.com. au. The websites are all similar in a number of ways. They usually offer four or five ‘free gifts’ if you sign up (believe it or not, I was allegedly offering one of these free gifts!), and the page detailing the ‘dream team’ contains many of those suspect experts I alluded to before. 
There are also features where the website owner’s own personality and expertise (if any) can be displayed – blogs, articles etc., and there is always the chance to buy product of some description – books, tapes and other investor tools. While all of the websites are different, they all have a visual similarity which is obvious once you visit a few – a sensationalist overtone and a lot of flashy, wild claims, inferring the potential for untold riches. 
Poke them a little and they will fall apart, as there is little use to any of the information, and the people at the top of this pyramid are shamefully taking advantage of those who might otherwise simply have had some good intentions and the desire to be in their own business. The website that I was first made aware of which had my details (which turned out to be one of many) was owned by a nice young man who seemed genuinely hurt that I was angry, as he believed I was fully aware and agreeable to what was going on. He further volunteered that the people who set up the site for him, those who were coincidentally part of that dream team, had promised him commissions which he was still waiting for. 
I have spent a lot of money having lawyers chasing down such people and ensuring references to me are removed from such sites, and I trust that those who know me will also know that I will never plunge into any such mis ¬adventure. Sadly, some of those people who have sites such as these have gone on to offering the very mentoring and seminars which Arthur found useless, and regardless of how verbal I am, not a lot seems to be changing. 
The best way for us to ensure that these kinds of opportunists don’t profit any longer from these tactics is to stay educated and refuse to pay these ridiculously large sums of money for information from people whose backgrounds are questionable. Just because an expert can vaguely refer to a successful background or experience doesn’t make it real – and many have no hard evidence that the success they claim to have even exists.
As I said, you will need to spend some money to gain a good education and to get the right support team around you. Before you do, research as much as you can, ask for evidence of the success of the person offering you the help, and get testimonials from others who can show that they have actually succeeded themselves as a result of following the advice. Anyone can publish a book and get a great looking website these days, yet that is simply no measure of their true capacity to guide you well.
Margaret Lomas is a best-selling author and writes and hosts the popular Property Success With Margaret Lomas and heads up the panel on Your Money, Your Call, both on Sky News. This article is an excerpt from her latest book, Investing In the Right Property Now. For more information about the book, <a href="https://majorstreet.com.au/53/investing-in-the-right-proeprty-now/" title="Investing in the right property now" target="_blank">click here</a>. 
 
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mlomas-KC9MUPZ6Ca

Wealth creation websites generally too good to be true: Margaret Lomas

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Canberra is within cooee of again matching Sydney’s median house price. 
Its $490,000 dwelling median price is within 2% or $10,000 of Sydney’s $500,000 median, according to the latest RP Data-Rismark index.
The gap for houses is $12,625, with Sydney’s house median at $561,625 and Canberra’s house median at $549,000.
Canberra houses were up 3.8% over the year to July, with Sydney house values easing 0.6%.
The gap for units is slightly wider at $38,500 with Sydney’s unit median at $458,500 and Canberra’s unit median at $420,000.
Sydney unit values were up 2.5% over the year to July but Canberra’s median unit value eased 5.9%.
RP Data national research director Tim Lawless  says the gap between Sydney and Canberra median dwelling prices was on a consistent narrowing trend between June 2000 and January 2009.
<img src="/images/stories/canberrachart.jpg">
“During this time the price gap narrowed from a peak of about 60% in June 2000 to January 2009 when the median prices were equal to each other.
“Since that time median prices across the two cities have remained fairly level,” Lawless notes.
Lawless says the reasons are likely to be varied.
“Household incomes in Canberra are some of the highest in the nation, rental rates are also quite high.
“In July the average house rent was $524 a week compared with Sydney’s $549 a week, which encourages more people to own.
“And land supply remains very tight which is another driver of higher home prices,” Lawless notes.
Canberra’s average equivalised disposable weekly household income was put at $1,101 in ABS data released last week, which was 30% above the national average.
Sydney’s was just 1% above the national $848 weekly average.
Picture courtesy of Australian Capital Tourism
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jchancellor-FAypfDUnLy

Canberra closing in on Sydney median prices

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Investors need to know when they will be liable for land tax – and how much it will cost them.
Thresholds differ around the country and are typically changed in state budgets, so all eyes will be on tomorrow’s NSW state budget.
In October land tax reform will be on the agenda at the government’s Canberra tax summit.
According to government figures, land tax contributes 11% to state coffers.
In general property investors are required to pay land tax on the value of their properties above a certain value, except in the Northern Territory, where there is no land tax. Thresholds range from $25,000 to $600,000
The tax can add a significant amount to your investment bill, so knowing when the tax kicks in is crucial.
To help investors Property Observer has compiled this guide of must-know numbers:
 
<hr>
 
<img src="/images/stories/0dollars.jpg">
No land tax is payable in the Northern Territory.
 
<hr>
<img src="/images/stories/600k.jpg">  
The upper limit for a land tax-exempt property in Queensland, the state where investors can spend the most without having to pay land tax. However for companies, trustees or absentees, the threshold kicks in at $350,000 Click <a href="https://www.osr.qld.gov.au/land-tax/index.shtml" title="Queensland government land tax" target="_blank">here </a>for more information.
 
<hr>
<img src="/images/stories/387k.jpg">  
The land tax threshold in NSW. Click <a href="https://www.osr.nsw.gov.au/taxes/land/" title="Land tax threshold in New South Wales" target="_blank">here </a>for more information.
 
<hr>
<img src="/images/stories/316.jpg">  
The land tax threshold in South Australia. Click <a href="https://www.revenuesa.sa.gov.au/landtax/index" title="Land tax threshold" target="_blank">here </a>for more information.
 
<hr>
<img src="/images/stories/300k.jpg"> 
The land tax threshold in Western Australia. Click <a href="https://www.finance.wa.gov.au/cms/content.aspx?id=174" title="Western Australia" target="_blank">here </a>for more information.
 
<hr>
<img src="/images/stories/247k.jpg"> 
The land tax threshold in Victoria. Click <a href="https://www.sro.vic.gov.au/sro/SROnav.nsf/LinkView/DF4424845447E2EDCA2575A1004453B6A6FAB6BE64979127CA2575A100441FA4" title="Victoria land tax" target="_blank">here </a>for more information.
 
<hr>
<img src="/images/stories/75k.jpg"> 
The threshold for land tax in the Australian Capital Territory. Click <a href="https://www.revenue.act.gov.au/land_tax" title="ACT land tax" target="_blank">here </a>for more information.
 
<hr>
<img src="/images/stories/25thous.jpg"> 
Property is cheapest in Tasmania, but it also has the lowest threshold for land tax. Click <a href="https://www.sro.tas.gov.au/domino/dtf/SROWebsite.nsf/v-all/41E02F84487BB0F3CA25764D00072C26?OpenDocument&amp;menuitem=Land%20Tax" title="Tasmania land tax" target="_blank">here </a>for more information. 
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Land tax by the numbers: What investors must know

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ASIC has received strong support from mortgage brokers after launching a campaign targeting unlicensed practitioners.
Since June 30, 2010 all individuals or businesses that engage in credit activities are required to hold an Australian credit licence, or be an authorised representative of a credit licence holder.
The campaign will run until March 30, 2012 and follows a previous ASIC surveillance program between October 2010 and February 2011 to find credit providers that were not appropriately registered.
As at June 30, 2011, 6,081 businesses that provide credit services have obtained an ASIC licence.
Phil Naylor, CEO of the Mortgage and Finance Association of Australia, says the organisation is “very supportive” of the ASIC campaign.
“The MFAA requires members to satisfy its requirements at each annual membership renewal, and we conduct random audits from time to time,” he says.
Gerald Foley, managing director of Melbourne-based National Mortgage Brokers, says the firm has already received a letter from ASIC asking for licensing information and has responded to the request.
“I think it’s a good idea. It means everyone is aware of licensing and their obligations,” Foley tells Property Observer.
“With some people it does not hit home until there is an audit or a review. The ASIC approach is a very positive one.”
The latest campaign is aimed at identifying traders who applied for a credit licence but withdrew their application or had it refused. In those circumstances, unless the trader is an authorised credit representative or subsequently obtains a credit licence, he or she cannot engage in credit activities. “ASIC will identify and may later prosecute individuals and businesses who fail to make sure they’re properly licensed or authorised under the regime,” says ASIC commissioner Peter Boxall.  “Engaging or utilising the services of unlicensed credit operators puts the public at risk. Consumers need to be confident that they’re dealing with authorised businesses who are gatekeepers of our financial services industry,” he adds.
Consumers wishing to confirm the broker they have engaged is licensed can search ASIC’s registers at <a href="https://www.asic.gov.au/search">www.asic.gov.au/search</a>.
Complaints concerning individuals or companies suspected of trading without a credit licence or authorisation can be lodged with ASIC <a target="_blank" title="ASIC" href="https://www.asic.gov.au/asic/asic.nsf/byheadline/Complaining+about+companies+or+people?openDocument">here</a>. 
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ASIC on the hunt for unlicensed mortgage brokers

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{yoogallery src=[images/stories/september2ablett]}
Gold Coast AFL star Gary Ablett and his partner, Channel 9 presenter Lauren Phillips, have spent about $2 million on a Gold Coast residence.
The four-bedroom house is on a private 3,342-square-metre Nerang River block at Ashmore. It comes complete with a Balinese cabana, Japanese gardens with tiered waterfalls, a three-car garage and open fireplace in the living room. There’s also a requisite barbecue entertaining area.
It is 10 kilometres from the Gold Coast Suns’ oval, Metricon Stadium. 
It had been most recently listed at $2.35 million through Chateaux Realty Broadbeach agent Tony Baily. It last sold for $2 million in 2007 and had been for sale on and off since a scheduled April 2008 auction. Its initial price hopes were $3 million by its vendor, Mark Busher, a deep sea freight transportation company director.
Phillips confirmed the purchase to The Courier Mail and says it is the "dream home" they had been searching for.
"We're completely in love with it and it's perfect for us because it's away from the hustle of Surfers Paradise," she says.
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Gary Ablett buys on Gold Coast

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A Russian investor has paid more than £13 million ($20 million) to buy the Rolex Retail Unit at One Hyde Park in London one of the world’s most expensive residential projects, developed by the billionaire property developers the Candy Brothers. 
<a target="_blank" title="Nick Candy Gold Fields house" href="https://www.propertyobserver.com.au/new-south-wales/luxe-london-developer-nick-candy-might-see-gold-fields-house-as-a-sweet-possibility/2011082451280">One of the brothers, Nick Candy, was recently in Australia scouting out possible locations in Melbourne and Sydney for a luxury apartment development. </a>
<img src="/images/stories/rolex.jpg">
The Rolex store, at 100 Knightsbridge, is located across the road from Mandarin Oriental Hotel and is one of three retail stores at One Hyde Park. The other two are home to the flagship dealership of sports car group McLaren and the Abu Dhabi Islamic Bank. 
It is leased by the luxury Swiss watch maker for a further 14.5 years at a rent of £400,000 per annum. 
<img src="/images/stories/rolex2.jpg">
The sale price reflects a net initial yield of 3%. 
It was bought by Grigory Guselnikov, a 35-year-old Russian investor, who added the retail site to his new property fund, Williston Properties Inc, which focuses on focuses on prime Central London assets.
Jonathan O’Regan from Savills, who advised developer Project Grande (Guernsey) Limited, says Asian investors are all acquiring Central London retail investments at present due to favourable exchange rates.
Savills was assisted by SJ Berwin, with Guselnikov was advised by Nightingale Partners and Gilchrist Solicitors.
“Asian investors already account for over 25% of residential sales at this world-famous location, and we anticipate further demand,” he says. 
One Hyde Park, which coast £1.1 billion to build, was developed by billionaire property developers the Candy Brothers in a joint venture with the Qatar government. 
The McLaren retail site at One Hyde Park will be listed for sale by Savills in September with offers sought in excess of £11.5 million. The sports car group recently signed a new 15 year lease. 
One Hyde Park is owned by Project Grande (Guernsey) Limited – a joint venture consortium between Guernsey-based development company CPC Group, run by Christian Candy, and Waterknights, owned by the Prime Minister of Qatar.
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