The first partnership between national developer <a href="https://www.apartments.com.au/developers/fortis">Fortis</a> and Adelaide-based developer <a href="https://www.apartments.com.au/developers/otello">Otello</a> has made a strong start, with the pair securing $21 million in unconditional sales at <a href="https://www.apartments.com.au/new-apartments/one-four-four-hutt-adelaide-144-hutt-street-adelaide-sa-5000">One Four Four Hutt</a>&nbsp;on the edge of the Adelaide CBD.

Over a third of apartments have been snapped up in the boutique 44-apartment project on the corner of Hutt Stret and Wakefield Road. Local downsizers and owner-occupiers wanting to remain in Adelaide's tightly-held southeast quarter have been the most prominent purchasers.

The DKO-designed, mixed-use development is one of the few new apartment projects in the precinct, an area where new housing supply has remained limited despite continued demand from buyers wanting to stay close to the CBD, Victoria Park and Adelaide's established east-end amenities.

[smartcode_project:default project_id=151233 project_image_fid=375378]

Fortis Head of Development SA Arthur Dendrinos said the early sales reflected both the strength of the local owner-occupier market and confidence in the Hutt Street location.

"The level of early commitment reflects the confidence local buyers have in the Hutt Street precinct," Dendrinos said.

"Many purchasers are long-term east-end residents who love the area and want to stay connected to the neighbourhood. They recognise the value of a well-designed, well-located development.

"Our partnership with Otello has been central to this success, and the number of unconditional sales at this stage only strengthens our confidence in the South Australian market."

&nbsp;

[smartcode_project:default project_id=151233 project_image_fid=375379]

Otello Director Daniel Harris said the sales result also highlighted the lack of new apartment opportunities within the Hutt Street precinct.

"One Four Four Hutt has clearly resonated with buyers, with strong early sales reflecting both the appeal of the Hutt Street corridor and the lifestyle on offer," Harris said.

"The activated ground-floor retail has also been a key drawcard, with purchasers responding to the vision of a more vibrant and connected streetscape, not just the residences themselves."

One Four Four Hutt will deliver 44 one, two and three-bedroom apartments, alongside a collection of penthouses, above a ground-floor retail offering designed to further activate the Hutt Street precinct.

Construction is scheduled to commence in the third quarter of this year, with completion anticipated in 2028.

[smartcode_project_cta:default project_id=151233]

Fortis Head of Development SA Arthur Dendrinos said the early sales reflected both the strength of the local owner-occupier market and confidence in the Hutt Street location.

Joel Robinson

Fortis makes Adelaide debut with Otello as One Four Four Hutt records strong early sales

For all its prestige, Roseville hasn't seen many new apartment developments that genuinely cater to the suburb's owner-occupier market.

Most new projects on Sydney's North Shore have focused on increasing supply, but Aqualand Prestige's <a href="https://www.apartments.com.au/new-apartments/boronia-by-aqualand-roseville-2-4-larkin-street-roseville-nsw-2069">Boronia</a> is taking a different approach.

The 111-apartment project on Larkin Street has been designed around a buyer who already knows the area, whether they're downsizing from a nearby family home, upgrading from an older apartment, or moving into the suburb to be closer to schools and transport.

[smartcode_project:default project_id=152095 project_image_fid=372391]

Boronia is the first project from Aqualand Prestige, the boutique residential division of Aqualand, the developer behind projects including AURA in North Sydney and Blue at Lavender Bay. The project is being delivered in partnership with Phoenix Property Investors.

Rather than trying to maximise density, the focus has been on creating apartments that feel much closer to a house. There's a strong weighting towards larger three-bedroom residences, alongside a limited collection of four-bedroom duplex-style sky homes, a product that's rarely delivered in apartment projects on the Upper North Shore.

[smartcode_project:default project_id=152095 project_image_fid=373694]

Architecture firm Woods Bagot has designed the building to sit within Roseville's established tree canopy rather than dominate it. The building steps down the site with deep balconies, generous setbacks and a material palette of masonry and natural stone that reflects the suburb's established character.

"The forms float among the canopies along the Larkin Street ridge to maximise the outlook across the green sea of the treetops," Woods Bagot Principal Jason Fraser said.

"The architecture is deliberately simple and understated, so that the detail, the craftsmanship and, above all, the landscape can be the hero."

[smartcode_project:default project_id=152095 project_image_fid=373685]

The same approach continues inside.

Interiors by COX take inspiration from the surrounding bushland of Lane Cove National Park, using natural stone, timber and handcrafted finishes throughout the residences. Kitchens feature Gaggenau and Bosch appliances, while the penthouse collection includes upgraded stone finishes and bespoke detailing.

"We wanted the homes to feel like an urban retreat, where the boundary between inside and out simply dissolves," COX Director Brooke Lloyd said.

Landscape architecture by Ground iNK extends that connection outdoors, with mature tree planting, deep soil landscaping and retained established street trees helping the development blend into one of Sydney's leafiest suburbs.

Residents will also have access to landscaped communal gardens, a wellness centre and outdoor spaces designed more as an extension of their own homes than traditional apartment amenities.

[smartcode_project:default project_id=152095 project_image_fid=373687]

The location is another reason Aqualand Prestige believes Boronia will resonate with buyers.

Roseville Station is around a five-minute walk away, placing Chatswood just one stop down the line, while the Sydney CBD remains within easy commuting distance. The suburb also sits within the NSW Government's Transport Oriented Development precinct, where planning changes are encouraging more housing around existing rail infrastructure.

Despite those planning reforms, opportunities to secure a new apartment in Roseville remain relatively limited, particularly developments aimed at owner-occupiers rather than investors.

Aqualand Prestige Executive Director Wayne Xiong said Boronia was designed for buyers intending to stay for the long term.

"These are homes built for decades of living rather than for the moment," Xiong said.

"Whether buyers are downsizing, raising a family or simply seeking more space, they're choosing the scale and craftsmanship of a fine house in a suburb they love, with the ease and connectivity modern life calls for."

Boronia's two-bedroom apartments are priced from $1.79 million, three-bedrooms from $2.49 million, penthouses from $2.85 million, and four-bedroom duplex-style Sky Homes from $4.5 million.

[smartcode_project_cta:default project_id=152095]

Aqualand Prestige launches Boronia to undersupplied Roseville apartment market

For most new apartment buildings, the Owners Corporation starts life with little more than a bank account and the first quarterly strata levies.

At <a href="https://www.apartments.com.au/buildings/9-gay-street-castle-hill-9-gay-street-castle-hill-nsw-2154">9 Gay Street</a> in <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>, it starts with around $7 million in reserve.

It's an unusual legacy of what was once one of Sydney's highest-profile apartment remediation projects. When the development, originally known as Skyview and built by disgraced developer Top Place, came under scrutiny by then NSW Building Commissioner David Chandler, an $11 million remediation bond was negotiated to ensure any building defects could be fully rectified.

The building underwent an 18-month remediation program, during which around $4 million of that bond was spent bringing the building up to the standard it should have been in from the outset.

After extensive inspections, all active rectification orders have been lifted. What's more, around $7.2 million remains secured for the Owners Corporation for the next 15 years.

In a twist few would have predicted, what began as a significant concern for purchasers has left the building with something almost unheard of in the apartment market: a multi-million-dollar financial reserve from day one.

[smartcode_project:default project_id=147685 project_image_fid=359136]

<a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a> Executive Chairman Greg Huxley said the structure offers buyers a level of certainty that is difficult to replicate.

"The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers," Huxley said.

"Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind."

The apartments themselves have been designed with a focus on practical, contemporary living. Interiors feature Smeg appliances, stone benchtops, tiled living areas, carpeted bedrooms, 2.7-metre ceilings, floor-to-ceiling glazing, and ducted heating and cooling throughout.

Residents also have access to a range of shared amenities, including two rooftop barbecue areas, a swimming pool, children's playgrounds, secure building access, storage cages, and visitor parking.

The location continues to be one of the project's strongest drawcards. Castle Hill Metro Station sits virtually on the doorstep, providing direct connections across Sydney's expanding Metro network, while Castle Towers offers extensive retail, dining, entertainment, and service amenities within walking distance.

[smartcode_project:default project_id=147685 project_image_fid=359127]

The building, now named after its location at 9 Gay Street, comprises a diverse mix of one-, two-, and three-bedroom apartments starting from just under $600,000.

Equitifund National Sales Director Ben Hamblett said demand in the Hills District continues to be driven by buyers seeking convenience and connectivity.

"Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre," Hamblett said.

"There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living."

On top of the long-term protection afforded by the remaining $7.2 million bond, Equitifund is offering a limited-time stamp duty rebate on selected apartments.

Eligible purchasers can also secure finance options, including a 3.99 per cent two-year variable rate, loan-to-value ratios of up to 90 per cent, and interest-only lending options through EquitiCredit.

[smartcode_project_cta:default project_id=147685]

Why this Castle Hill apartment building starts with a $7 million advantage

For much of the past few years, conversations about Australia's property market have centred on the rapid growth seen in Sydney, Brisbane, Gold Coast, and Perth. <a href="https://www.apartments.com.au/developments/melbourne-vic-3004">Melbourne</a> has followed a different trajectory.

That relative underperformance is now encouraging some buyers to reassess the city, particularly those willing to look beyond short-term market movements and focus on quality property in established locations, along with the long-term growth prospects of a city expected to overtake Sydney as Australia’s most populous.

John Bekiaris, Research &amp; Market Insights at <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a>, said Melbourne's current position is attracting increasingly sophisticated purchasers.

"Melbourne continues to present one of Australia's strongest long-term investment stories," Bekiaris says.

"While other capital cities have experienced stronger recent growth, that relative underperformance is exactly what's attracting sophisticated counter-cyclical investors."

[smartcode_project:default project_id=1979 project_image_fid=363268]

Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

[smartcode_project:default project_id=1979 project_image_fid=363229]

The apartments have been designed with owner-occupiers firmly in mind.&nbsp;Open-plan living and dining areas flow onto generous balconies framing views across Albert Park Lake, Fawkner Park, the Royal Botanic Gardens and the Melbourne skyline.

Kitchens feature Gaggenau appliances, stone benchtops and generous preparation space. Bedrooms include built-in robes, while bathrooms feature full-height textured tiling. Hardwood flooring and ducted air conditioning complete residences designed for long-term living.

Rothelowman's architecture takes its cues from the landscape opposite the site. Sweeping horizontal glazing references the movement of Albert Park Lake, while generous balconies and expansive glazing strengthen the connection between the apartments and the surrounding parklands. The result is a building designed to deliver the scale and amenity expected of luxury apartment living, while offering the larger floorplans increasingly sought by owner-occupiers.

[smartcode_project:default project_id=1979 project_image_fid=363284]

The location is one of Victoriana's defining characteristics. Positioned on Queens Road, residents are directly opposite Albert Park Lake and within easy reach of Fawkner Park, the Royal Botanic Gardens, South Melbourne, St Kilda Road and the CBD. With few comparable development opportunities remaining in the precinct, buyers are increasingly placing value on outlooks that are unlikely to be interrupted by future construction.

Greg Huxley, Founder of Equitifund, believes those qualities become even more valuable over time.

"Premium real estate has always rewarded buyers who take a long-term view," Huxley said.

"Victoriana represents the kind of asset that's increasingly difficult to recreate today, particularly in an established location like Queens Road."

He said rising construction costs are also changing the way buyers assess completed developments.

"When you combine an irreplaceable location with thoughtful architecture and premium finishes, you create something that becomes increasingly difficult to reproduce as construction costs continue to rise."

[smartcode_project:default project_id=1979 project_image_fid=363228]

According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

[smartcode_project_cta:default project_id=1979]

Why now is the time to buy in Melbourne's premium apartment market

Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

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?

The ACT will become the first jurisdiction in Australia to abolish stamp duty for all first home buyers, with no income caps and no property price thresholds from 1 July.

The move, announced as part of the ACT Budget, completes a key election commitment from the Barr Government and removes what Chief Minister Andrew Barr described as one of the biggest barriers to entering the housing market. The reform forms part of the ACT's long-running transition away from transaction taxes and towards a broader-based property tax system.

"This budget marks a major milestone in our long-term tax reform program," Barr said, adding that the government had maintained a sustained focus on removing barriers to home ownership. He said stamp duty had long been one of the largest upfront hurdles facing buyers and that from July, "that barrier is gone" for first home buyers in the Territory.

[smartcode_project:default project_id=139989 project_image_fid=350986]

The changes come alongside a range of measures designed to encourage new housing supply, including support for the delivery of so-called "missing middle" housing such as terraces, townhouses and low-rise multi-unit developments.

The announcement has renewed debate around whether the ACT's approach could provide a blueprint for improving housing affordability nationally.

New research from OurTop10.com.au, conducted by Primara Research, suggests the Territory's decade-long reform agenda has produced outcomes unmatched elsewhere in Australia.

While stamp duty costs have increased by an average 67 per cent nationally over the past decade, the ACT has recorded growth of just 15 per cent, the lowest increase of any jurisdiction.

The Territory has also emerged as one of the strongest performers on housing delivery. Based on population-weighted housing targets, the ACT is sitting less than one per cent behind its target. Victoria is the next closest at seven per cent behind, while the national average sits 25 per cent below target. New South Wales is tracking 39 per cent behind.

The latest reform removes one of the final barriers facing first home buyers in Canberra.

[smartcode_project:default project_id=139989 project_image_fid=359152]

The average Australian home buyer currently pays $61,714 in stamp duty. In the ACT, that figure is $38,399 despite the Territory having the third-highest median house price in the country.

Until now, the ACT's first home buyer concession scheme only applied to purchases up to $1.02 million, around $51,000 below Canberra's median house price of $1.071 million. In practical terms, many first home buyers were unable to access the median-priced home without losing the concession.

From July, those restrictions disappear.

Every first home buyer in the ACT will pay no stamp duty, regardless of income or purchase price.

Canberra remains one of Australia's most expensive housing markets, with dwelling values increasing 82 per cent over the past decade. However, that growth ranks only 11th among Australia's 15 major housing markets, suggesting affordability pressures have been less severe than in many other parts of the country.

Simon Ma, CEO of OurTop10.com.au, said the latest reforms recognise that many first home buyers have simply outgrown thresholds set years ago.

"Many first home buyers aren't just looking for a way onto the ladder, they want a home their family can actually live in," Ma said.

"In a market where the median house price is over a million dollars, a concession scheme that cuts out at $1.02 million was never going to get them there.

"Removing the ceiling entirely means ACT first home buyers can now pursue the home they actually want, rather than limiting themselves to a price point designed for a very different market."

Whether other states follow remains to be seen. But at a time when most jurisdictions are struggling to improve affordability while also increasing housing supply, the ACT has quietly become the national test case for both.

15% stamp duty growth. Just 1% off the national housing target. Zero stamp duty for FHBs. Is the ACT the blueprint for the great Australian dream?

ACT abolishes stamp duty for first home buyers

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{yoogallery src=[images/stories/july21dampier]}
9 Dampier Crescent, Forrest, ACT, 2603
A builder's own home, this four-bedroom, four-bathroom house is cleverly designed and has top-of-the-range fittings and fixtures. It includes a wine cellar and a heated indoor swimming pool with retractable roof. Two separate self-contained guest quarters comprise one bedroom and living area each. The property is within reach of Canberra's prestigious schools, and the Parliamentary Triangle is nearby. It is being sold by <a href="https://www.ljhooker.com.au/HJWFMF" title="LJ Hooker Manuka" target="_blank">LJ Hooker Manuka</a> agent Stephen Thompson with price hopes of $2.95 million. 
 
{module 238}
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Resort-style living in Forrest

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Time on market for prestige houses and units in the ACT has blown out due to an oversupply of properties, according to CBRE’s latest market assessment.
Properties priced between $500,000 and $1 million are taking between two and six months to sell, while those priced above $1 million are taking between three and six months to sell.
As a result, the prestige ACT market is now a buyer's domain, according to CBRE’s ACT Residential Marketview for the second quarter of 2011.
Prestige sellers in the outer suburbs of Canberra are particurlarly struggling, CBRE associate director for valuation and advisory services, Marcus Hon told Property Observer.
 
Prestige units are taking longer to sell than prestige homes due to an oversupply of properties.
“Asking prices are staying put. But units that would have taken one or two months to sell are now taking four months to sell,” he explains.
According to Mr Hon, realistic pricing has become very important in the prestige sector to stimulate genuine buyer interest, given the current level of buyer caution.
But strong conditions remain in the investment market, with off-the-plan sales exceeding expectations.
“There has been speculation that the minimal 5% outlay has been the persuasive factor in getting potential purchasers to commit to residential projects,” says CBRE global research and consulting manager Sam Reilly.
“However, this has created a degree of risk as over 1,000 settlements are due to occur in the next two years.”
The prestige market remains strongest in suburbs closest to Canberra where there is limited supply with Hon noting good levels of inquiry in the inner north and southern suburbs.
There have been some exceptions.
According to Mr Hon, a prestige home in Nicholls, Gunghahlin, sold recently for $1.6 million.
Gunghahlin was recently the site of the biggest land sale of the year in the ACT with a 35-hectare site selling in June to the Village Building Company for $36.25 million in an auction that attracted bids from 11 local and interstate companies.
The ACT housing market remains strongest for properties priced around the RP Data median price of $483,750.
CBRE says buyers and sellers are well-matched in the entry level house and unit market, where properties are priced around $500,000.
While CBRE has noted “reasonable levels of enquiry” in this price bracket, a buyers’ market has emerged for properties above this mark.
Overall, the ACT residential market has bucked the national trend of falling housing prices despite its economy forecast to underperform relative to the national economy up until 2015.
Deloitte Access Economics forecasts growth per annum of 2.5% over this period.
While buyer demand has declined across all sectors in recent months, this had not translated to negative corrections in capital values, indicating a good level of resilience in the market.
“While the general slowdown that has impacted the Australian residential sector is now evident in the ACT, this market has avoided the price falls that have been experienced across some of the other major markets, notably Perth and south-east Queensland,” says Reilly.
“As the biggest employer, the government keeps things going. Government spending has an immediate flow through to employment,” he says.
“There has been no talk yet of spending reforms.
“It is difficult to get reforms passed given the current government. If we had a majority government, there might be more speculation about reforms.”
“As is always the case in the ACT, government spending measures will remain critical to the future performance of the market. Given the lack of substantial reforms or announcements in this area the outlook is stable in the medium term.”
Reilly says the Gunghalin Drive extension, ASIO building construction works and the Woden Green precinct development have all had a positive influence on surrounding areas.
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lschlesinger-FZcF9M3vE6

Canberra prestige homes taking six months to sell: CBRE

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Perth apartments are good medium- to long-term investment opportunities, according to the Property Observer’s mid-year Property Clock.
Property analysts place the market at 4.30 on the clock, meaning it is not far off the bottom of the market and just behind the Brisbane market, which is still recovering from devastation from floods earlier this year.
The two biggest markets – Sydney and Melbourne – have both passed their peaks and are heading into a decline.
Hotspotting.com.au director Terry Ryder says its “danger time” for investors in the Melbourne unit market, as an oversupply of stock looms.
The outlook is also rather gloomy for Adelaide, where unit prices are cooling and more pain is predicted for investors.
Clocking in at two o’clock on the property clock, Adelaide is further along the property cycle than Sydney or Melbourne, suggesting a recovery in prices could come along sooner.
As for the smaller capital city markets, the situation appears particurlarly bleak in Hobart, which Ryder says has the “weakest prospects”. According to the clock, Hobart’s apartment market is well into a decline, sitting at three o’clock.
Darwin’s market is also heading down, but as it has the highest yields in the country, investors might still be able to find good opportunities. Furthermore, a discounted market might present opportunities for investors before resources projects in the area spark a revival.
Both Terry Ryder and SQM managing director Louis Christopher warn investors to steer well clear of the “basket case” Gold Coast and Sunshine Coast markets.
<img style="display: block; margin-left: auto; margin-right: auto;" src="/images/stories/clock%20generic.jpg">
At 12 o’clock the market is at its peak (demand exceeds supply), at 3 o’clock the downswing has set in (an evenly supplied market0,) and by 6 o’clock it has bottomed out (an oversupplied market). At 9 o’clock the market is rebounding (supply is tightening).
 
<hr class="system-pagebreak">
 
<h1>Perth</h1>
Population: 1,696,065 Median unit price: $401,250 Rental yield: 4.9% Property clock time: 4.30 
<img style="display: block; margin-left: auto; margin-right: auto;" src="/images/stories/June22clocks/clock-perthunits.jpg">
The demographics of the Perth market are all relatively favourable: a balanced but tightening market in terms of rental vacancies, decent demand for new units and steady construction of new apartment blocks.
Brendan Aylmore, WA branch director at valuer WBP, expects an increase in investor demand and a reduction in unit stock levels on the back of increase in rental yields.
A further boost to demand may come from first-home buyers pushed into the unit market due to increasing rents.
“There will be a large amount of office space being taken up in the next 12- to 18-month period with a larger number of new works being moved to the CBD, which should result in further demand for properties from both owner-occupiers and investors,” Aylmore says.
Hotspotting.com.au director Terry Ryder is also bullish on Perth units following three weak years. “Perth’s market is set to recover on the back of the resources boom and government infrastructure spending,” he says.
Not so bullish is SQM managing director Louis Christopher, who warns that Perth is more sensitive to interest rate movements than what many realise. Christopher sees Perth’s unit market at close to the bottom of the market, at five o’clock.
However, “another interest rate rise could set the city back to two o’clock” he says.
<img src="/images/stories/data%20table%20perth.jpg">
 
<hr class="system-pagebreak">
 
<h1>Sydney</h1>
Population: 4,575,532 Median unit price: $466,000 Rental yield: 5.1% Property clock time: 1.30
<img src="/images/stories/June22clocks/clock-sydneyunits.jpg">
At present there is a shortage of available rental units relative to demand, with construction of new apartments and sales continuing at a steady pace.
Demand close to the city remains strong, with Peter Chittenden, Colliers International managing director of residential, saying metropolitan Sydney’s property fundamentals remain sound as demand continues to outpace supply.
WBP New South Wales state manager Chris Lackey says Sydney’s apartment market prices are still at peak levels for new units, “however, activity is predicted to slow this year, which may see a softening in prices”.
“Basic lower-end unit stock is expected to be flat at best. Interest rates and a hit to confidence are the driving factors behind this change,” Lackey says.
While the market has been falling after the surge early in 2010, Hotspotting.com.au’s Terry Ryder says the long-term prospects are solid. “The change of state government will help, if infrastructure promises are kept,” he says.
While the RBA has held firm on interest rates to date, an expected increase in August combined with an ongoing downward swing in housing finance approvals is set to dampen demand, according to Louis Christopher.
“However, the magnitude of the decline will be minimal compared to most other cities. This is one city that really is experiencing a genuine shortage of rental properties,” he says.
<img src="/images/stories/data%20table%20sydney.jpg">
 
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<h1>Darwin</h1>
Population: 127,532 Median unit price: $384,000 Rental yield: 5.7% Property clock time: 1.45
<img src="/images/stories/June22clocks/clock-darwinunits.jpg">
The Darwin unit market is characterised by an over-supply of available property relative to demand, with modest demand for new units and no major uptick in new construction.
Although the market has started to slide downward, investor interest could remain relatively strong due to strong rental returns. Darwin’s gross rental yield for units is 5.7%, alongside 5.6% for houses.
Both Terry Ryder and Louis Christopher are bearish on Darwin apartments.
However, while Ryder says the market is over-supplied, with developers offering incentives to sell product, this could present opportunities for investors to buy at discounts before the resources projects spark recovery.
But Christopher disagrees. “The bubble that is Darwin has popped. It is going to be a steep decline from here, particularly if the RBA lifts rates again.”
<img src="/images/stories/data%20table%20darwin.jpg">
 
<hr class="system-pagebreak">
 
<h1>Melbourne</h1>
Population: 4,077,036 Median unit price: $433,000 Rental yield: 4.1% Property clock time: 1.50 
<img src="/images/stories/June22clocks/clock-melbourneunits.jpg">
Demand for new units is softening as construction of new apartment blocks starts to decline.
Louis Christopher anticipates a 5% decline in the Melbourne market in 2011.
“Stock levels have increased 105% for the past 12 months. Vendors are just now starting to drop their asking prices,” he says.
According to Terry Ryder, it’s “danger time” for investors in the Melbourne inner-city unit market due to the large numbers of new units under construction in the CBD, Docklands and Southbank markets and with more in planning.
“Over-supply looms,” Ryder says.
<img src="/images/stories/data%20table%20melbourne.jpg">
 
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<h1>Adelaide</h1>
Population: 1,203,186 Median unit price: $325,500 Rental yield: 4.6% Property clock time: 2.00  
<img src="/images/stories/June22clocks/clock-adelaideunits.jpg">
There is a shortage of available property relative to demand, though vacancy rates are holding steady as demand for new units remain fair and construction levels remain unchanged.
WBP South Australian state manager Bart Quinn says sales volumes and prices for Adelaide’s unit market have fallen.
“Some large projects requiring off the plan sales have been put on hold due to weak demand and rising building costs. Buyers in the market for established stock are generally cautious and looking for good value,” he says.
Quinn says prices and demand for older-style units and flats in inner-city localities have cooled due to very weak demand from first -home buyers.
Louis Christopher expects “more pain to come” as vendors start cutting their asking prices. “However, there is a chance the magnitude of the declines will be modest,” he says.
Despite its position on the clock, investors can still look to Adelaide for opportunities in what Terry Ryder says is the most affordable mainland capital for units, supported by an underlying strong economy.
<img src="/images/stories/data%20table%20adelaide.jpg">
 
<hr class="system-pagebreak">
 
<h1>Canberra</h1>
Population: 358,222 Median unit price: $420,000 Rental yield: 5.4% Property clock time: 2.20
<img src="/images/stories/June22clocks/clock-canberraunits.jpg">
Currently the Canberra unit market is characterised by a shortage of available property relative to demand, with vacancies tightening as the volume of unit sales declines.
In its Canberra apartment report, Colliers attributes demand for residential property to “the strength of the local economy, employment opportunities, population growth and lifestyle”. The ACT unemployment rate stands at 3.7%, well below the national rate of 4.9%.
Canberra sits between the peak of the market and heading into a downswing.
With its strong fundamentals, analysts expect any declines to be modest in comparison to other markets.
“Any dip in the market is likely to be small. Canberra remains our most reliable city market, buoyed by strong incomes and low unemployment,” Terry Ryder says.
But he warns investors to be wary of the Kingston foreshore precinct, which he says has a recent history of problems.
<img src="/images/stories/data%20table%20canberra.jpg">
 
<hr class="system-pagebreak">
 
<h1>Hobart</h1>
Population: 214,705 Average unit price: $280,000 Rental yield: 5.5% Property clock time: 2.50 
<img src="/images/stories/June22clocks/clock-hobartunits.jpg">
Hobart’s unit market is heading south despite a shortage of available property relative to demand. Vacancy trends remain steady as a decline in construction is matched by a softening in demand for new units.
“Unit stock levels are rising,” Louis Christopher says. “Hobart is another city where the magnitude of the declines may well be modest as income to house prices appears to be fair.”’
The proportion of family income required to meet loan repayments decreased to 34.2%, down from 35.3% in the December quarter 2010, according to the March quarter REIA/Deposit Power Housing Affordability report.
Despite improvements in housing affordability, Terry Ryder remains bullish on the unit market.
“Hobart is the city market with the weakest prospects,” he says, with the state economy, weak population growth and the political situation all “unhelpful” factors.
Ryder expects the market to fall further. Like the housing market, he says the unit market is showing signs of price decline.
<img src="/images/stories/data%20table%20hobart.jpg">
 
<hr class="system-pagebreak">
 
<h1>Brisbane</h1>
Population: 2,043,185 Median unit price: $377,500 Average weekly rent: 5.1% Property clock time: 4.40
<img src="/images/stories/June22clocks/clock-brisbaneunits.jpg">
Brisbane’s unit market position on the property clock is the closest in Australia to bottoming out.
Not surprisingly, it’s in line with its housing market, which sits at 5pm on the <a target="_blank" title="Brisbane clocks in at bottom of market" href="https://www.propertyobserver.com.au/trends/brisbane-clocks-in-near-bottom-of-market/2011060350400">Property Observer housing clock</a>. 
The market is characterised by investor demand underpinning transaction volumes in the inner-Brisbane market, “especially for price-pointed, affordable stock generating strong rental income,” according to the Colliers Brisbane apartment market forecast.
However, in the medium term Colliers says the market might be adversely impacted by rising interest rates and increasing vacancies.
Furthermore, although the inner-Brisbane vacancy rate is currently only 3.1%, a substantial volume of investor stock will be completed in the short term, and is likely to push up vacancies.
Daniel Lewis, WBP’s Queensland state manager, reports that Brisbane has remained well insulated over the past few years from decreases of as much as 30% in apartments values on the Gold Coast and Sunshine Coast.
However, recently units have experienced a slight correction in values.
“Affordable rental accommodation in Brisbane is scarce at present, resulting in strong rental income for units. Further correction in prices may result as the year continues for new stock in the CBD and new or near-new townhouses in the fringe suburbs,” Lewis says.
Louis Christopher describes the Brisbane market as “bleak” and says the bottom of the market is at least 12 months off. “There is over six months of stock on the market, he says.
Both Christopher and Terry Ryder agree on a gloomy outlook for the nearby Sunshine Coast and Gold Coast markets.
“The Gold Coast is a no go zone and the Sunshine Coast is also weak,” Ryder says. “Over-supply will restrict growth for several more years.”
“The Sunshine Coast and Gold Coast are basket-case situations,” Christopher says.
<img src="/images/stories/data%20table%20brisbane.jpg">
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Almost time for Perth units to recover

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The ACT has exhibited the biggest increase in owner-occupier housing finance commitments, increasing 8.8% in April on a seasonally adjusted basis, according to the latest ABS figures. This follows a 5.2% contraction in March.
The second biggest mortgage growth spurt occurred in Queensland with commitments up 6.2% (after falling 2.6% in March) an indication of post-flood recovery.
This is followed by increases in Victoria and Western Australia of 4.1%, with NSW up 2.7% and Tasmania up 2.3%.
Mortgage commitments have fallen in the Northern Territory (1.3%) and South Australia (1.2%).
On a nationwide basis, the number of owner occupier commitments increased by 4.8% to 47,347 following falls of 6.3% in January, 4.8% in February and 1.1% in March. 
Financing for new housing has risen 9.4% and 5.1% for the purchase of existing housing.
Westpac economist Julene Lee downplayed the latest figures saying “other indicators suggest that the housing sector remains subdued”. 
“We are inclined to put this result down to a modest give back and an Easter effect. It seems that a much later than usual Easter resulted in more activity in April ahead of the holiday disruption,” Lee says.
“We are not expecting another strong national rise in May - although we do expect a further post flood recovery in Queensland.
Finance for the construction of new dwellings – the lead indicator of dwelling approvals – remains flat, up just 0.4% with investor finance down 1.6%.
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ACT abolishes stamp duty for first home buyers

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ACT abolishes stamp duty for first home buyers

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