First home buyers in Queensland were given a shot in the arm in November when the Queensland Government announced they were doubling the concessions in the QLD First Home Owner Grant.

The $15,000 boost in budgets for eligible first home buyers has been doubled to $30,000 in an attempt to assist first home buyers to get into the property market.

While certainly a significant move, many areas across the South East Queensland area in particular don't have apartments which quality for the QLD FHOG. The incentive is only applicable for apartments under $750,000.

In fact Apartments.com.au data shows that there's only two off the plan projects on the whole of the Gold Coast that has apartments currently on the market for less than $750,000, and there's only one project with two-bedroom off the plan apartments under the cap.

That's Andiamo Apartments, the Hope Island development by developer Robert Laybutt. Andiamo has two-bedroom apartments from $544,488 and priced up to $700,816, before the $30,000 Government assistance.

Andiamo had already been a hit with local first home buyers even before the increase in the QLD FHOG was announced. The doubling of the grant has done two things; brought buyers back to the project who have enquired previously but have been hampered by increased mortgage rates, as well as new first home buyers who want to act before any unforeseen change in the policy.

Andiamo Apartments comprises 76 apartments centred around a resort-style pool on Broadwater Avenue.

[smartcode_project:default project_id=139743 project_image_fid=218960]

Prospective buyers can choose from various thoughtfully designed floor plans, while buyers of the three penthouses have the option to reconfigure and add a third room.

The apartments showcase clean, simple linear design, open-plan living and dining, and outdoor entertaining spaces.

First home buyers have also been attracted to the low body corp, just $70 a week, despite the swimming pool, barbecue area, multi-purpose room and access to lifts.

[smartcode_project:default project_id=139743 project_image_fid=218961]

The Broadwater Avenue address has been one of the major drawcards for buyers so far.&nbsp;

Out of the door and turn right and residents will be at Broadwater Plaza where there's a Godfather Pizza and a handful of retailers within 100 metres. Just a few hundred metres the other way is the more abundant Hope Island Marketplace, the shopping hub of the whole of Hope Island.

Hope Island Marketplace has over 20 stores, including a Woolworths, ALDI and BWS, Bakers Delight, Osha Kitchen &amp; Bar, Canton Road Chinese and Carl's Jr Hope Island. The Hope Island Tavern is one of the most popular pubs on the Island.

[smartcode_project:default project_id=139743 project_image_fid=218959]

Hope Island is also home to some of South East Queensland's best golf courses, 16 in total across Hope Island and the nearby Sanctuary Cove.

The is currently under construction by SEQ builder&nbsp;Bryants Construction and is projected to be completed in early 2025.

Andiamo Apartments represents an incredibly rare opportunity to buy well under the Gold Coast unit median price which property data analytics firm CoreLogic puts at&nbsp;$721,000.

Their research shows the unit value in the Gold Coast has jumped 9.5 per cent in the last 12 months, and it's expected to continue well into the new year given the supply constraints in the in-demand region.

[smartcode_project_cta:default project_id=139743]

Andiamo Apartments represents an incredibly rare opportunity to buy well under the Gold Coast unit median price of $721,000, according to data analytics firm CoreLogic's latest figures.



Joel Robinson

Why Andiamo Apartments on Hope Island is drawing first home buyers

First home buyers started to reemerge in the off the plan apartment development space in Q4 2023, off the back of consecutive rate holds by the RBA.

While rates went up again in November, it's expected rates are almost at the peak, and the Big Four banks are anticipating the next rate move will be a cut.

We've dug into our data and looked at the top five most popular <a href="/developments/melbourne-vic">Melbourne</a> suburb in Q4 2023.

<h2>Melbourne CBD</h2>

<a href="/developments/melbourne-vic">Melbourne CBD</a> remains a top choice for first-home buyers.

Boasting many amenities, including world-class dining, cultural institutions, and efficient public transport, the CBD continues attracting young professionals and urban enthusiasts alike.&nbsp;

The recently completed $1 billion West Side Place development by developer Far East Consortium has become a hotspot for both first home buyers and investors.

[smartcode_project:default project_id=1270 project_image_fid=217064]

Comprising four towers, including the prestigious Ritz-Carlton and Dorsett Hotels, the development features various apartment configurations starting at $550,600.&nbsp;

Residents can enjoy various amenities, including a swimming pool, gymnasium, function rooms, open terraces, cinema, and on-site retail arcades.

Located within the coveted University High School Zone, the development is just a short walk from the Yarra River, Flagstaff Gardens, Southern Cross Station, and the Free Tram Zone.&nbsp;

Another popular project is Brady Group's <a href="/buildings/380-melbourne-380-lonsdale-street-melbourne">380 Melbourne</a>, located on Lonsdale Street.&nbsp;

[smartcode_project:default project_id=2064 project_image_fid=210636]

Designed by <a href="/architects/fraser-partners-0">Elenberg Fraser,</a> the twin-tower project offers one, two, and three-bedroom apartments starting from $570,000.&nbsp;

The 65-level towers include 300 hotel suites and a retail and cafe arcade connected to the public domain through a unique low-lying podium.&nbsp;

Resident amenities at 380 Melbourne encompass a lounge, games room, private cinema, karaoke room, steam rooms, sauna, rooftop garden, heated lap pool, and outdoor terrace with barbecue facilities.

<h2>Southbank</h2>

Nestled along the Yarra River, <a href="/developments/southbank-vic-3006">Southbank</a> has solidified its status as a vibrant and modern residential hub.&nbsp;

Soutbank's proximity to the CBD and the thriving arts and entertainment scene position it as an appealing option for first-home buyers seeking a cosmopolitan lifestyle.&nbsp;

The abundance of waterfront promenades, recreational spaces, and dining options further enhances the neighbourhood's charm.

One of the most popular projects in the suburb on the Urban website this year is Central Equity's FOCUS Melbourne, with its recent win at the 2023 HIA-CSR Victorian Housing Awards.

[smartcode_project:default project_id=3260 project_image_fid=206125]

FOCUS won the Victoria Apartment Complex Award (over $20 million), while Central Equity was Victoria's most awarded apartment developer.

The $450 million FOCUS offers a move-in-ready option in the heart of <a href="/developments/southbank-vic-3006">Southbank</a>.

The development has proved popular among locals who want to remain near the city while enjoying a neighbourhood feel.

[smartcode_project:default project_id=3260 project_image_fid=206134]

The 50-level building comprises one, two, and three-bedroom apartments, strategically placing residents near the arts precinct and its upcoming $1.7 billion revamp, just over two kilometres from the CBD.&nbsp;

FOCUS distinguishes itself with resort-style amenities, including a 17-seat luxe theatre, indoor heated pool, sauna, gym, and landscaped terraces with barbecues.&nbsp;

<h2>Brunswick</h2>

Known for its eclectic atmosphere and diverse community, Brunswick has carved a niche as a haven for the culturally inclined. Trendy cafes, local markets, and green spaces complement the suburb's artistic flair.&nbsp;

As the trend of prioritising lifestyle and community connectivity grows, Brunswick stands out as an ideal choice for first-home buyers seeking a balance between cultural richness and affordability.

[smartcode_project:default project_id=4802 project_image_fid=217137]

Experiencing significant gentrification in recent decades, Brunswick attracts young professionals, artists, and families who value a vibrant and eclectic lifestyle. ASX-listed developer Mirvac recognised the area's allure, choosing it as the location for their project, Prince &amp; Parade.

Designed by Bates Smart and landscaping by Jack Merlo, Prince &amp; Parade comprises 166 one, two, three, and four-bedroom apartments. Cleverly oriented to maximise park views, the development rises to nine levels on the north side facing Brunswick Road and five on the south side facing Park Street.

Situated across from Princes Park, a 39-hectare oasis of greenery, walking paths, sports grounds, and playgrounds, Prince &amp; Parade seamlessly blends urban sophistication with natural tranquillity.&nbsp;

[smartcode_project:default project_id=4802 project_image_fid=217119]

The development's location offers its residents convenient access to culinary delights, vibrant cultural scenes, and educational institutions, including Princes Hill Secondary School, <a href="/developments/melbourne-vic">Melbourne</a> University, and RMIT.

The fully electric building features a residents' lounge, dining room, rooftop terrace with panoramic views of <a href="/developments/melbourne-vic">Melbourne</a>, a library, and a wellness studio.

Construction of Prince &amp; Parade is scheduled to commence in early 2024, promising a unique living experience that combines modern amenities with the charm of Brunswick's cultural and natural surroundings.

<h2>Moonee Ponds</h2>

Moonee Ponds offers a suburban sanctuary near the CBD's northwest without compromising accessibility.

Home to beautiful parks, reputable schools, and a welcoming community vibe, Moonee Ponds caters to those desiring a more serene living experience.&nbsp;

The suburb's well-connected public transport options, including trams and trains, ensure residents can easily navigate the city while enjoying the tranquillity of suburban life.

[smartcode_project:default project_id=105114 project_image_fid=210517]

At the heart of Moonee Ponds is Hamton's Moonee Valley Park, a 20-hectare precinct just six kilometres from the CBD.&nbsp;

Within this dynamic development, Trackside House is a unique residential building, offering approximately 86 residences with views of the finishing straight at the iconic Moonee Valley Racecourse.&nbsp;

The 11-storey building, designed by Rothelowman in collaboration with Carr interior experts, includes a range of residences from grand three and four-bedroom options to more affordable one-bedroom units starting at $565,000.

As the fourth stage in the precinct's redevelopment, Trackside House benefits from a diverse range of eateries, retailers, and 20 hectares of open space and gardens. Various amenities, including playgrounds, sporting fields, and running tracks, enhance the community experience.&nbsp;

Another successful development by Hamton in Moonee Valley Park is Stonepine House, achieving over 80 per cent of sales within 11 weeks of its launch.&nbsp;

[smartcode_project:default project_id=110367 project_image_fid=199209]

Offering exclusivity within the thriving community, Stonepine House features two and three-bedroom residences starting at $650,000.

Both Trackside House and Stonepine House are designed to complement the surrounding 20 hectares of greenery and are expected to be completed in mid-2025, contributing to the evolving landscape of Moonee Ponds.

<h2>Malvern</h2>

Renowned for its leafy streets and grand architecture, Malvern has long been a sought-after address for buyers seeking an upscale residential experience.&nbsp;

While often associated with a more established demographic, the suburb has witnessed an increasing interest from first-home buyers drawn to its classic charm and proximity to amenities.&nbsp;

Malvern's harmonious blend of heritage and contemporary living makes it an appealing choice for those entering the property market.

Kokoda Property's Malvern Collective was one of Urban's most popular projects <a href="/developments/melbourne-vic">Melbourne-wide</a> across the whole of 2023.

[smartcode_project:default project_id=12457 project_image_fid=217233]

Malvern Collective is envisioned as a 0-minute neighbourhood at 2 Station Place, an even more convenient community than the standard 15-minute neighbourhood.

The project comprises 205 one to three-bedroom apartments spread across two striking glass buildings above a vibrant hospitality precinct. Future residents will have every convenience at their doorstep, including a Woolworths Metro, six hospitality venues, and an easy commute to the city.

The popularity of Malvern Collective's apartments among owner-occupiers is attributed to the unique proposition, thoughtful design, and superior concierge service reminiscent of a high-end hotel managed through a dedicated residents' app.&nbsp;

[smartcode_project:default project_id=12457 project_image_fid=217246]

Exclusive amenities within the project include a co-working space, cinema, swimming pool, wellness centre with hot and cold plunge pools, and a private dining area.

Malvern Collective is on track for completion in Q1 2024.

We've dug into our data and looked at the top five most popular Melbourne suburb in Q4 2023

Staff Writer

Melbourne’s top 5 most popular suburbs for first home buyers on Urban in Q4 2023

Spring Square by Poly ticks all the boxes for the first home buyer: affordability, community, strategic location, and quality interiors.

The <a href="/news/nsw/nsw-stamp-duty-the-july-1-2023-change-that-will-affect-first-home-buyers">substantial change in stamp duty concessions</a> by the NSW Government earlier has kicked started first home buyer interest in the off the plan apartment market. Every apartment at Spring Square subject to no stamp duty for first home buyers.

The previous threshold of $650,000 has now increased to $800,000, with staggered concessions applicable for properties up to $1 million. The New South Wales government estimates that a first home buyer acquiring an $800,000 property will save up to $31,090 under the revised regulations.

Apartments at <a href="/buildings/spring-square-by-poly-bankstown-32-kitchener-parade-bankstown-nsw-2200">Spring Square by Poly </a>start from just over $450,000, and the two-bedrooms from $645,050. The priciest two-beds start from $714,400.

Poly Global also extends a five per cent discount on the retail pricing for all apartments at <a href="/buildings/spring-square-by-poly-bankstown-32-kitchener-parade-bankstown-nsw-2200">Spring Square</a>, making it even easier for first home buyers and opening the door to savvy investors.&nbsp;

[smartcode_project:default project_id=7054 project_image_fid=47627]

Located on a 46,400 sqm site at <a href="/buildings/spring-square-by-poly-bankstown-32-kitchener-parade-bankstown-nsw-2200">32 Kitchener Parade</a> at the site of an old RSL, <a href="/buildings/spring-square-by-poly-bankstown-32-kitchener-parade-bankstown-nsw-2200">Spring Square</a> comprises 516 apartments across five towers over significant retail and commercial space.

Designed by Scott Carver, the buildings take on a striking contrast of tonal brick, extensive glazing, and vertical louvres.

The master plan includes retail shops, a 684 sqm “health services facility,” a childcare centre, and a basement car park with 714 parking spaces.

Residents also benefit from various communal spaces, with interconnecting walkways and green parks.&nbsp;

[smartcode_project:default project_id=7054 project_image_fid=47631]

One of the standout features of Spring Square is the through-site link steps that traverse the development, serving as its iconic landmark. These steps provide access to both sides of the precinct and serve as a meeting point for residents to socialise and foster community.&nbsp;

The gardens within Spring Square are a vibrant and diverse playground with lush green lawns and native trees, offering the perfect backdrop for outdoor activities and relaxation, encouraging residents to unwind and connect with nature.

The outdoor barbecue and kitchen areas allow residents to enjoy alfresco dining with family and friends. Interspersed throughout the gardens are seating nooks that offer peaceful spots to relax, read a book, or enjoy the surroundings.&nbsp;

[smartcode_project:default project_id=7054 project_image_fid=47632]

But it's not just about the green spaces. Spring Square will also be home to several small cafes, bars, and outdoor al fresco dining options. These will spill out onto the podium and ground level, creating a vibrant social hub at the residents' doorstep.

Upon entering Spring Square, residents and visitors are greeted by the grand ceiling of the impressive lobby, featuring detailed bronze textures and warm lighting for a welcoming atmosphere reminiscent of a boutique hotel.&nbsp;

The apartments come in various single and double-level layouts and crossover arrangements. The mix of living options caters to diverse residents, providing a flexible and dynamic living environment.

Each open-plan apartment features floor-to-ceiling windows that bring the outside into the living and dining areas, overlooking Spring Square's landscaped plaza.

[smartcode_project:default project_id=7054 project_image_fid=47636]

The modern kitchens boast ample storage space and high-end appliances. The 20-millimetre Caesarstone benchtops, powerful gas cooktops, and contemporary chrome tapware add to the elegant vibe, while the tinted mirror splashbacks elevate the overall aesthetic.

The bedrooms also feature large windows that invite morning sunlight and fresh air, while the plush carpets add an element of warmth and cosiness to the space. Some bedrooms have outdoor balconies and courtyards, allowing residents to bask in the first light of the day from the comfort of their beds.

Designed with style and functionality, the bathrooms have wall-hung vanities, streamlined shower screens, and a shower and bathtub.

With sustainability no longer optional for residential design, Poly Australia also integrated sustainability measures into the development, including greywater recycling, a central hot water system, solar panels, and energy-efficient air-conditioning. The project holds a BASIX rating for water efficiency.

Situated at the northern end of Bankstown's commercial precinct, Spring Square by Poly is strategically positioned to benefit from the renewed Canterbury-Bankstown to Sydenham corridor and the new Sydney Metro train line, just 300 metres away.

[smartcode_project_cta:default project_id=7054]

The substantial change in stamp duty concessions will also help more prospective buyers to enter the market, with every apartment at Spring Square subject to no stamp duty for first home buyers

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