Gold Coast-based developer <a href="https://www.apartments.com.au/developers/ignite-projects">Ignite Projects</a> has lodged a Development Application for a landmark $120 million precinct set to transform the southern gateway of the much-loved Spit.

Positioned at the most prominent entry point to the iconic peninsula, the project has been designed with a strong focus on architecture, public space, heritage and connectivity, delivering a revitalised parkland setting that invites locals and visitors to engage with the Broadwater.

Central to The Isles proposal is a significantly upgraded public realm, including landscaped open space, a new waterfront café, and a family-friendly park featuring a naval-themed playground, open lawns and improved pedestrian connections.

<img alt="Ignite Projects unveils exciting details of landmark gateway precinct for the Spit" data-entity-type="file" data-entity-uuid="de83a270-6091-4b26-bed0-86f9248e7f9e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Isles%201.jpg?VersionId=vt79HlCOwV9F7eLQe9.Z3bv9JGLMaSP2" />

The design retains and celebrates key elements of the site’s history. The training mast from the vacant and degraded naval cadet building, which forms part of a former Navy minesweeper, will be preserved. The existing Navy Memorial will be relocated and upgraded in collaboration with the RSL, allowing it to be publicly accessible for the first time in years. 
&nbsp; 
Heritage-listed Humphreys Boat Shed remnants will remain and be incorporated into the landscape, while the site’s established Norfolk Pines will be retained, reinforcing the area’s character and sense of place. The enhanced parkland will ultimately create a long-term community asset at the entry to The Spit. 
&nbsp; 
The Development Application (DA) lodged with Gold Coast City Council includes 28 waterfront apartments across three levels, ranging in size from 145sqm to 383sqm, designed as a feature landmark within the precinct and complement the public domain.

<img alt="Ignite Projects unveils exciting details of landmark gateway precinct for the Spit" data-entity-type="file" data-entity-uuid="bbf94e00-b56a-47fb-a15d-3d17b0b1ec76" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Isles%203.jpg?VersionId=A0vmBNE_KohYJo1EoZcmF5IVW4tT5aDo" /> 
&nbsp; 
Ignite Projects Director Josh Foote said the project as a whole had been carefully shaped to deliver a meaningful outcome for the wider community, not just future residents. 
&nbsp; 
“This is about more than delivering opulent apartments – it’s about creating a welcoming and memorable gateway to The Spit that people can enjoy every day,” Mr Foote said. 
&nbsp; 
“We’ve worked hard to ensure the public realm is a central part of the project, from the landscaped parklands and family-friendly spaces through to the preservation and celebration of important local heritage.”

<img alt="Ignite Projects unveils exciting details of landmark gateway precinct for the Spit" data-entity-type="file" data-entity-uuid="443bbde5-8221-45f8-a549-dad2623df20c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Isles%204.jpg?VersionId=iUl6nc.sHkjMdo_1RigwbwUz_celHJ3H" /> 
&nbsp; 
Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, The Isles adopts a considered subtropical approach, with the building form shaped to maximise natural light, cross ventilation and views to the Broadwater and surrounding parklands. 
&nbsp; 
Architect Rafael Contreras said the design responded directly to its unique coastal setting. 
&nbsp; 
“Rather than a typical built form, the architecture has been shaped by performance and experience – from optimising outlook and privacy to creating a strong connection to landscape and climate,” Mr Contreras said. 
&nbsp; 
“A central landscaped courtyard allows light, air and greenery to permeate the building, while the articulated façade introduces movement and rhythm inspired by the Broadwater.

“The Isles will create a place where people can gather, relax and connect with the water, while also delivering a refined residential product that responds to its unique setting.”

<img alt="Ignite Projects unveils exciting details of landmark gateway precinct for the Spit" data-entity-type="file" data-entity-uuid="1089570d-1120-4302-9900-fb9f75c75c26" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Isles%205.jpg?VersionId=pl9qmKZNbaL3A7XjmD7sjhLwmXaqzzLZ" /> 
&nbsp; 
The DA relates to the residential and public realm components, with a proposed boutique marina to be progressed as part of a future stage, subject to separate approvals. 
&nbsp; 
The Isles is being delivered under The Spit Master Plan, a collaborative vision to create a new residential, tourism, leisure, natural environment and cultural heritage hub on the iconic and much-loved peninsula.&nbsp; 
&nbsp; 
Ignite Projects has an established track record delivering premium residential projects across the Gold Coast, including The Monaco at Main Beach and Cabana at Palm Beach. 
&nbsp; 
Sales for The Isles are expected to commence in coming months from an on-site display suite, with construction targeted to begin later this year, subject to approvals.

Joel Robinson

Ignite Projects unveils exciting details of landmark gateway precinct for the Spit

The Federal Government’s sweeping changes to negative gearing and capital gains tax could trigger an unintended consequence: a surge of investor demand into the new and off the plan apartment sector.

While Treasurer Jim Chalmers has framed the reforms as a way to improve housing affordability and rebalance the tax system, the carve-outs for newly built housing are already positioning off the plan apartments as one of the few remaining tax-effective property investment plays.

Under the changes handed down in the Federal Budget, investors purchasing established properties after budget night will no longer be able to access negative gearing benefits. The Government will also replace the long-standing 50 per cent capital gains tax discount with a new inflation-indexation model and introduce a minimum 30 per cent tax on gains from July 2027.

However, there is a major exemption.

Investors buying new builds, including off the plan apartments, will still be eligible for negative gearing and will be able to choose between retaining the current 50 per cent CGT discount or adopting the new indexed model.

That distinction is expected to reshape investor behaviour almost immediately.

For years, established housing has dominated investor purchases because of its perceived lower risk, immediate rental returns and stronger historical capital growth. But with the tax advantages now heavily skewed toward new housing supply, the economics are changing rapidly.

The Federal Government has been explicit about its intent.

“The housing market and tax system are broken,” Chalmers said ahead of the Budget, arguing that existing concessions were disproportionately rewarding speculation rather than supporting housing supply.

The Government says the reforms are designed to encourage investment into new housing rather than established stock, a move aimed at increasing supply during a prolonged housing shortage.

According to the official Budget papers, limiting negative gearing to newly built homes is intended to “better align tax incentives with housing supply objectives.”

For the apartment development sector, particularly the off the plan market, the changes could become one of the strongest investor tailwinds in years.

Developers across Sydney, Melbourne and Brisbane have spent the past two years battling elevated construction costs, higher interest rates and subdued investor confidence. Many projects have struggled to secure sufficient pre-sales to commence construction, particularly in markets heavily reliant on investor demand.

The Budget changes may now alter that equation.

Investors seeking tax-effective property exposure will increasingly find themselves funnelled toward newly built apartments simply because established dwellings no longer offer the same benefits.

Commonwealth Bank described the reforms as one of the most significant shifts to residential property investment settings in decades, noting that the package is centred around “limiting negative gearing for residential property to new builds” while replacing the existing CGT framework.

That could have profound implications for the apartment sector.

Off the plan apartments already hold several advantages for investors. Purchasers typically secure a property at today’s price while settlement occurs years later, allowing time for capital growth and reducing the upfront capital burden. Brand-new apartments also generally attract depreciation benefits, lower maintenance costs, and stronger appeal to renters seeking modern amenity.

Now, they may also become one of the only residential property types still offering the full suite of historical tax advantages.

Industry analysts expect investor demand to increasingly migrate toward projects that can clearly demonstrate strong rental demand, transport connectivity and long-term supply constraints.

The shift is likely to be particularly pronounced in apartment markets already underpinned by structural undersupply, including inner Brisbane, the Gold Coast, parts of Sydney’s Lower North Shore and select Melbourne precincts where new apartment commencements have collapsed over recent years.

The reforms also arrive at a time when apartment supply nationally remains critically constrained.

Australia is already struggling to meet the Federal Government’s target of delivering 1.2 million new homes over five years. Construction feasibility pressures have delayed or shelved thousands of apartments across the country, particularly as building costs remain elevated and financing conditions remain tight.

Critics of the Budget changes argue the reforms could reduce overall investor participation in the housing market and place upward pressure on rents by discouraging investment in established housing.

Some economists estimate the measures could reduce housing supply over the longer term if overall investor appetite weakens.

However, the Government is betting that redirecting investor capital into new housing supply will offset those concerns.

“To continue to incentivise construction of new housing, investors building new residential properties will be able to choose either the 50 per cent CGT discount or the new arrangements,” the Budget papers stated.

That wording has been closely watched by the development industry because it effectively positions new apartments as the preferred investment class within residential property.

For off the plan developers, the reforms could become a powerful sales tool.

Projects that have increasingly relied on owner-occupier demand may once again attract investors seeking to preserve the tax advantages still attached to newly built housing before the July 2027 changes take effect.

The reforms are also expected to sharpen the divide between established and new housing markets.

Rather than a broad investor retreat from property altogether, many analysts expect a redistribution of capital toward sectors still supported by Government incentives.

That could create stronger demand for apartment projects in key urban growth corridors and transit-oriented precincts where population growth, migration and rental shortages remain elevated.

The policy direction also aligns with the Government’s broader push toward increasing housing density in established urban areas.

Across Sydney, Brisbane and Melbourne, planning reforms are increasingly encouraging higher-density apartment development around transport infrastructure and activity centres. By maintaining tax incentives for new housing, the Federal Government is effectively reinforcing that agenda from a taxation perspective.

For apartment developers who have spent years navigating subdued investor confidence, the changes may ultimately become the catalyst that reactivates parts of the off the plan market.

While the broader property sector is still digesting the long-term implications of the Budget, one thing is already becoming clear.

The era of investors buying established apartments and houses primarily for tax advantages may be ending.

But for off the plan apartments, the investment story may just be beginning.

<button disabled="disabled" type="button"></button>

<button disabled="disabled" type="button">You have not enough Humanizer words left. Upgrade your Surfer plan.</button>

Investors to flood off the plan apartment market?

Adding to Chatswood’s growing skyline, <a href="https://www.apartments.com.au/new-apartments/the-anderson-chatswood-54-56-anderson-street-chatswood-nsw-2067">The Anderson</a> is grounded in a simple principle: apartment living in a major centre does not have to come at the expense of space and outlook.

Set on Anderson Street in the heart of <a href="https://www.apartments.com.au/developments/chatswood-nsw-2067">Chatswood</a>, the new residential tower, a collaboration between developers <a href="https://www.apartments.com.au/developers/changfa-group">Changfa Group</a> and <a href="https://www.apartments.com.au/developers/huirong-group">Huirong Group</a> with architecture and interiors by <a href="https://www.apartments.com.au/architects/ajc-architects">AJC Architects</a>, will introduce 122 apartments that prioritise generous proportions, considered orientation, and a strong connection to the surrounding heritage precinct.

The design originated from a Design Excellence Competition, where AJC proposed a building that combines suburban-style apartment scale with the density expected in a transport-rich centre. The development will include more than 1,800 square metres of retail and commercial space at street level, landscaped communal roof terraces, and a ground-floor pocket park framed by canopy trees. Together these elements aim to create a building that integrates with Chatswood’s evolving streetscape while maintaining a strong residential focus.

[smartcode_project:default project_id=151353 project_image_fid=353250]

A key driver behind the architecture was the desire to deliver family-sized apartments rarely seen in the Chatswood market. The Anderson includes a mix of one to four-bedroom apartments, with around 35 per cent of the residences configured as three or four-bedroom homes. At the top of the building, two double-storey penthouses span approximately 200 square metres each, reinforcing the project’s emphasis on scale and long-term liveability for both downsizers and intergenerational households.

Orientation and outlook were central to the planning of the building. The apartments are positioned to maximise views to the north and east across Chatswood’s heritage precinct, with upper levels capturing glimpses of the Pacific Ocean. South-facing apartments gain distant views toward the Sydney CBD and Harbour Bridge, while the building’s configuration intentionally reduces western exposure at lower levels to minimise overlooking toward the nearby railway corridor.

The external design references the character of the surrounding conservation area without replicating it directly. A brick podium anchors the building to the street and introduces a series of architectural portals that draw inspiration from the nearby Chatswood Presbyterian Church. Above this base, the tower shifts to a lighter, more open expression defined by horizontal lines and carefully detailed balconies that balance privacy with outward views.

[smartcode_project:default project_id=151353 project_image_fid=353254]

Toward the top of the tower, AJC introduces a distinctive lantern-like element formed by sliding screens. These screens provide both solar shading and privacy while also creating a visual marker for the building within the Chatswood skyline. The feature reinforces the architectural intent of the project, a structure that is visually refined while still responding to the practical requirements of apartment living.

Inside the residences, interior architecture focuses on clear spatial flow and practical everyday use. Open-plan living areas connect directly to large balconies, extending the internal living spaces outward and allowing natural light to move deeper into the apartments. Kitchens are designed as central working spaces with premium appliances and carefully selected materials, positioned to serve both daily living and entertaining.

[smartcode_project:default project_id=151353 project_image_fid=353256]

Bathrooms follow a similarly restrained design language, using refined fixtures and materials to create calm, functional spaces, while wardrobe areas adopt a gallery-style layout with integrated lighting and generous storage. These elements reflect a broader design approach that prioritises clarity, functionality, and durability over decorative gestures.

Positioned just a short walk from Chatswood Interchange, residents will have direct access to rail, metro, retail, and dining. The Metro extension allows travel from Chatswood to Martin Place in approximately 11 minutes, placing the CBD within easy reach for residents while maintaining the convenience of a walkable North Shore neighbourhood.

One-bedroom apartments at The Anderson start from $1,022,000.

[smartcode_project_cta:default project_id=151353]

How AJC designed The Anderson to bring oversized apartment living to Chatswood

<a href="https://www.apartments.com.au/developers/bridgewell-development">Bridgewell Capital</a> has lodged plans for a major mixed-use apartment development in the heart of Maroubra, seeking a significant uplift in height and density controls to deliver 120 apartments and a 120-place childcare centre near Maroubra Junction.

The State Significant Development application, filed through the NSW Government’s Housing Delivery Authority pathway, covers a 3,270 sqm amalgamated site at 251-257 Maroubra Road and 133-135 Garden Street. The proposal includes a concurrent rezoning that would increase the maximum building height from 12 metres to 35.6 metres and lift the floor space ratio to 4.02:1.

Designed by <a href="https://www.apartments.com.au/architects/bka-architecture">BKA Architecture</a>, the project would replace a mechanic’s workshop and several detached homes with a 10-storey residential building above four basement levels.

The scheme comprises 120 apartments, including 27 affordable housing units to be managed by a community housing provider for 15 years, alongside 203 basement car spaces and 92 bicycle spaces. A childcare centre occupying nearly 900 sqm of floor area would sit at ground level and be capable of accommodating 120 children and 22 staff.

<img alt="First look: Bridgewell plots 120 apartments and childcare centre in Maroubra town centre" data-entity-type="file" data-entity-uuid="038a0639-f9e4-4303-8fcc-d43e73fa480f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bridgewell%20pers.png?VersionId=eGBElxmNqJW.YF3JFYgHTnPgAstdyXR3" />

According to the Design Report, the project has been conceived as a “gateway proposal” that responds to Maroubra’s evolving urban character and its proximity to the town centre.

“Designed to complement the character of Maroubra’s town centre, this gateway proposal features a building scale that matches its surroundings,” the report stated.

“It integrates residential units above a ground-level childcare centre, fulfilling the strategic objectives of the Randwick City Council Masterplan.”

The apartment mix is weighted toward larger residences aimed at families and downsizers, reflecting changing demographics in the Randwick LGA and increasing demand for medium-density housing close to transport and amenity.

BKA Architecture said the proposal seeks to reinforce Maroubra Road as a civic spine while improving the pedestrian experience around the site through landscaping and upgraded public interfaces.

“The design capitalises on the following site opportunities: reinforcement of Maroubra Road as a civic spine, enhancement of pedestrian pathways and the public interface via new landscaping, and strong market demand for two and three-bedroom apartments to support families and down-sizers,” the Design Report noted.

<img alt="First look: Bridgewell plots 120 apartments and childcare centre in Maroubra town centre" data-entity-type="file" data-entity-uuid="ee509779-3c7e-4918-b03d-761c785459d0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bridgewell%20site.png?VersionId=eZC4Ruyn.C7O.Qwfr1SVeP5.ds1c5.66" />

The building has been designed with setbacks and articulation intended to transition between the commercial intensity of Maroubra Junction and the surrounding lower-scale residential neighbourhoods. Communal open space is proposed on level one, while upper-level apartments would secure views towards Port Botany, Maroubra Beach and Sydney’s eastern suburbs.

The development sits around 200 metres east of the Maroubra Junction intersection of Anzac Parade and Maroubra Road, within one of Randwick’s identified strategic centres. The site is close to Pacific Square Shopping Centre, major bus routes, schools, parks and future cycling infrastructure proposed under the Maroubra Junction Masterplan.

The Maroubra proposal aligns with broader NSW Government initiatives encouraging higher-density housing near established centres and transport corridors, particularly where affordable housing is incorporated.

Bridgewell is also working on a <a href="https://www.apartments.com.au/news/qld/goldfields-sets-the-stage-as-quartet-milton-launches">new 55-unit project in Killara</a>.

First look: Bridgewell plots 120 apartments and childcare centre in Maroubra town centre

National diversified developer <a href="https://www.apartments.com.au/developers/goldfields-group">Goldfields</a> has launched its latest Brisbane apartment project, <a href="https://www.apartments.com.au/new-apartments/quartet-milton-33-manning-street-milton-qld-4064">Quartet Milton</a>, marking its entry into the sought-after inner-city suburb just two kilometres from the CBD.

The circa $100 million development will rise 18 storeys and deliver 131 apartments, offering a mix of one, two-, and three-bedroom residences.

Ideally located on Manning Street, Quartet residents will be within 300 metres of Milton Station, 500 metres from the Milton Ferry Wharf, and a short walk to Milton Markets, the iconic Park Road, as well as a range of breweries and cafés.

[smartcode_project:default project_id=108736 project_image_fid=367993]

Designed by architecture firm <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and brought to life by <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>, the building features a simple, gridded façade paired with generous glazing to enhance views, maximise aspect, and capture both sunrises and sunsets from within the apartments and their generously sized balconies.

Residents will have access to a 1,000 sqm rooftop, curated to balance wellness and entertaining, in response to increasing demand for wellness-focused shared spaces.

"We've approached Quartet Milton as a complete lifestyle offering, not just apartments, but a place where the design, amenities, and location all work together in a meaningful way," says Goldfields Managing Director Lachlan Thompson.

"Buyers are looking for that sense of confidence, knowing the vision has been carefully thought through not just by us as developers, but by all our consultants appointed to bring this together, and that it will be delivered to the standard they expect."

[smartcode_project:default project_id=108736 project_image_fid=368000]

Cera Stribley Co-Founder and Managing Principal Domenic Cerantonio said the rooftop is designed to feel like a place "you'd genuinely use every day."

"A 25-metre pool framed by city and mountain views, wellness areas, and private dining spaces for evenings with friends create a setting designed for year-round comfort and effortless Brisbane living."

[smartcode_project:default project_id=108736 project_image_fid=367999]

In addition to the 25-metre pool, the rooftop will include a sauna, cold plunge, fully equipped gym, and zen gardens, all complemented by panoramic views of the city and river.

While the building is expected to appeal predominantly to owner-occupiers, Goldfields anticipates interest from investors seeking strong rental returns, driven by the project's design, location, and the city's projected capital growth in the lead-up to the 2032 Brisbane Olympics.

[smartcode_project:default project_id=108736 project_image_fid=367991]

<a href="https://www.apartments.com.au/developments/milton-qld-4064">Milton</a>, widely regarded as one of Brisbane's most desirable inner-ring suburbs due to its lifestyle offering and proximity to the CBD, has experienced a shortage of new apartment supply in recent years.

Goldfields is already active in the Brisbane residential market through its Ripley Valley masterplanned community, Hayfield. The 109-hectare neighbourhood is already home to more than 300 families and features a large community park.

Plans for the precinct include a 4 km running track, future schools, and retail and commercial amenities, all within a 35-minute drive of the Brisbane CBD.

Goldfields also plans to deliver a new mixed-use tower at 88 Robertson Street in Fortitude Valley, within the James Street precinct. The project will include 16,000 sqm of boutique commercial space, a level of wellness facilities, and a rooftop restaurant and event space, akin to Goldfields House in South Yarra, its flagship mixed-use development on Chapel Street, which is crowned by the Beverly Rooftop bar, one of Melbourne’s best-known venues.

[smartcode_project_cta:default project_id=108736]

Goldfields sets the stage as Quartet Milton launches

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?

<html><body>
Buying into Australia’s regional areas can cause some to come unstuck, particularly when they haven’t done their research. However, Raine &amp; Horne’s CEO, Angus Raine, said that there are three things you can look for to ensure a bit of extra success.
Discussing the exacerbated drought conditions across regional New South Wales and Queensland, Raine said that seasonal challenges are all part and parcel of living in country areas.
For these reasons, investors and property buyers would do well to focus on these three areas:
<ol>
<li>Robust economies</li>
<li>Strong employment prospects</li>
<li>Population growth</li>
</ol>
“These factors can help underpin decent long-term growth and rental yields and provide some cover against the effects of environmental influences that are often out of our hands such as flood and drought,” said Raine.
In particular, the Queensland town of Charters Towers and north west New South Wales’ Moree have these three pillars.
For instance, Charters Towers doesn’t rely solely on agriculture, with a strong education sector and a mining base for gold and coal.
Kelly Atkins, principal of Raine &amp; Horn Moree, said that while the drought is affecting the market, real estate remains resilient.
“Around 30%of buyers are investors, and many of these individuals don’t live in Moree,” said Atkins.
Yields of up to 8% are seen within the area, such as a $164,500 three-bedroom house on Boland drive that rents for $255 per week.
What factors do you look for in a regional town?
<a href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
</body></html>

jduke-EHk3XBmHkn

Angus Raine’s three factors to ensure success investing in regional areas

<html><body>
As property prices increase around Sydney, much discussion is being had around whether investors and home buyers will head more towards units as opposed to houses to save on the costs.
Edwin Almeida, from Just Think Real Estate and Sydney Real Estate TV, explains that you really need to look at the true cost of buying an apartment when undertaking a financial comparison to a house. In fact, it’s not all about the asking price.
Almeida asks whether it’s a simple case of the unaffordability of housing, or whether there’s more behind the drive to move people into apartment buildings.
“Well let’s look at the numbers and the true costs buying into an apartment represents; after all, these are figures most marketing companies and agents don’t want you to know,” he said, providing the figures outlined in the video below.
{qtube vid:=2gMpvfDGovA&amp;feature=youtu.be}
These figures have been derived from Almeida’s own property management books on his rent roll at Just Think.
<hr>
 He provided the following numbers (as outlined in the video): 
Average Two Bedroom Apartments Costs
A: Costs
<ul>
<li>Average Strata levies $1600 x 4 = $6,400</li>
<li>Average Water Rates $190 x 4 = $760</li>
<li>Average Council Rates $230 x 4 = $920</li>
<li>Average Property Management fees annualised = $2,100</li>
<li>Average vacancy rate and letting fees = $1,200 </li>
</ul>
Total = $11,380
 
B: Rent Annual
<ul>
<li>Average rent $550 x 52 = $28,600 per year 
</li>
</ul>
C: Interest Rate
<ul>
<li>Average interest rate on investment $550,000 = $29,975 per year 
</li>
</ul>
Therefore: 
B – C = -$1350 (D) Short Fall
 
Therefore: 
D (Short fall) + A (Costs) = $12,755/52 weeks
= $245.29/week out of pocket “top up”
 
*Other costs not factored into the purchase of the property: Stamp duty if applicable
Source: Just Think Real Estate
<hr>
“An increase of 30%  leads from $245.29/week to average costs $318/week out of pocket ‘top up’ -what we are noticing of late across Sydney [in terms of property price growth figures],” said Almeida.
He also pointed to increases in levies, in one instance of 100% - from $1,600 to $3,100 – with no real reason, but with rents staying stable at $580 per week. This property is an apartment in a Parramatta highrise, where Almeida manages three properties.
“Be sure to calculate real costs of purchasing into new apartment investment opportunities before making the decision to buy,” he said.
So, investors and apartment owners, we’re asking you what your costs look like around the country? What are the fees that have increased or have been unexpected? Are you having success with the apartment strategy?
<a target="_blank" href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
</body></html>

The true cost of buying an investment unit: Are these the numbers developers don’t want you to see?

<html><body>
The much-discussed development of Sydney’s Barangaroo is potentially behind an increase in demand in neighbouring Walsh Bay, said to be benefiting from the flow on effect.
Pier 8 &amp; 9 at Walsh Bay, along with 36 Hickson Road, a heritage building, have sold for a combined $58.5 million to a Swiss investment company, sitEX, and a Sydney-based investor respectively.
Pier 8 &amp; 9 was owned by Matt Handbury of Murdoch Media and is a heritage finger wharf.
The pier, at 7,500 square metres, had apparently seen a lot of interest, finally being purchased by sitEX, who had also acquired 117 Harrington Street in 2013 for $13 million.
Design firm Hassell Services has signed a 10-year lease for 2,660 square metres of space, while Yahoo!7 and Murdoch Media are also tenants in the building. <a target="_blank" href="/news">Hassell architect firm relocated to this site from their previous space in The Rocks</a>, and are working on the redesign of the $2.5 billion Darling Harbour exhibition centre. The rent is undisclosed.
Meanwhile, 36 Hickson Road, known as 36 The Bond, is a 1,200 square metre building that has been refurbished into an office/retail space on a freehold strata title. New tenants will be sought for the space once vacated by current tenant, Lend Lease.
Gavin Lloyd, CBRE, who negotiated the deal, said that investors are looking to capitalize on the rejuvenation benefits of Barangaroo, which is to be Australia’s largest mixed use waterfront development.
 
“Walsh Bay and Hickson Road have been recognised for many years as a premier address for creative tenants,” Lloyd said.
“The $6 billion Barangaroo precinct has heightened the focus on these neighbouring markets and underpinned a surge in tenant and buyer demand, with investors focusing on the provision of new infrastructure, amenity such as the planned Headland Park and its associated cultural facility, as well as significantly improved transport links.”
It’s not just commercial opportunities attracting attention either, with residential conversions also seeing interest, such as the first released apartment stage at Barangaroo South.
In January 2012, John McGrath <a target="_blank" href="https://www.propertyobserver.com.au/new-south-wales/john-mcgrath-finds-walsh-bay-prices-have-been-watered-down-title-tattle/2012013153185">sold his Walsh Bay apartment for $5.5 million</a>, a drop on the amount it was purchased for.
jduke@propertyobserver.com.au
 
</body></html>

Barangaroo’s flow on effect sees $58.5 million in Walsh Bay transactions

<html><body>
If you're a valuer, particularly in New South Wales, there's good news in store.
SEEK has tweeted out their infographic and new details showing where the best salary increases are across the states and territories, as well as across the country, and it appears that valuers are a surefire winner. Seeing an 85% increase in New South Wales to reach an average salary of $89,200, it's clearly a sign of a hot market.
Similarly, in Western Australia, architectural drafting has seen a significant increase - up 68%. The average salary is $67,500.
These details come from the Seek Job Growth Report, comparing 2013 with 2012, released this month.
<blockquote lang="en" class="twitter-tweet">
Wanna know what the hottest <a href="https://twitter.com/search?q=%23jobs&amp;src=hash" target="_blank">#jobs</a> are for <a href="https://twitter.com/search?q=%23salary&amp;src=hash" target="_blank">#salary</a> increases across the country? Yeah ya do. <a href="https://t.co/0zCyCTnnVL" target="_blank">https://t.co/0zCyCTnnVL</a> <a href="https://t.co/1lKc6A67yT" target="_blank">pic.twitter.com/1lKc6A67yT</a>
— SEEK (@seekjobs) <a href="https://www.propertyobserver.com.au/https://twitter.com/seekjobs/statuses/433837167782023168" target="_blank">February 13, 2014</a>
</blockquote>
Across the country, property "evaluation" is up 51%, to an average salary of $85,300, according to their nationwide infographic.
If you're in Queensland, then veterinary and animal welfare is the fastest growing, at 64%. In Victoria, power generation and distribution is seeing top results at 104%, while South Australia's general practitioners have been given an 82% boost.
Nationally, fishing and aquaculture topped out at 65%, followed by property evaluation, 51%. General practitioners, teaching - early childhood and emergency services also took out spaces on the list at 47%, 47% and 44% respectively.
There are currently 115 listings in the 'valuation' section on Seek, of which 58 are in New South Wales.
We're not sure we know any valuers whose salary has gone up 85% in one year, but it does perhaps suggest that there are some more senior roles now available. Readers working in the valuation industry - what have your experiences of this been?
<a href="mailto:jduke@propertyobserver.com.au" target="_blank">jduke@propertyobserver.com.au</a>
</body></html>

Property valuation one of hottest jobs for salary increases, NSW

<html><body>
During a five-day My Place program in Campbelltown and Camden, Fair Trading officers are conducting compliance checks on a range of people, including real estate agents.
Scam awareness is the aim for the My Place series of information sessions and seminars being hosted this week by Fair Trading, with several today around property and home building.
Minister for Fair Trading, Stuart Ayres, will be joined by Campbelltown MP, Bryan Doyle at the Viceroy Mt Gilead Retirement Village, to host a seminar aiming to help people identify, avoid and report scams.
“Every year Australians lose millions of dollars to the activities of scammers who target people of all backgrounds, ages and income levels with online, mail, door-to-door and telephone scams,” Doyle said.
Seniors are one of the most vulnerable groups when it comes to scams, with this training hopefully to assist them not to fall prey.
In addition to scam awareness, information seminars on tenancy laws, strata schemes and incorporated associations will be held, along with seminars for home builders and real estate agents, among others.
“My Place programs give Fair Trading a keen insight into local marketplaces and often help pick up problem areas in compliance,” Ayres said.
“Trader checks help the agency remind industry participants of their obligations at law.”
<a href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
</body></html>

Fair Trading undertaking real estate compliance checks in Campbelltown, Camden

<html><body>
The three-bedroom Archibald penthouse in The Residence apartment tower is now on the market through CBRE. The last remaining penthouse in the complex, the 690 square metre Archibald has panoramic views and includes a private pool and spa, a rooftop kitchen and outdoor terraces.
The penthouse was named after Jules Francois Archibald, the Australian journalist who founded The Bulletin. According to CBRE agent Ben Stewart, who is marketing the property with Caroline Fagerlund, the apartment was designed by Sydney-based architectural firm Scott Carver with attention paid to its environmental efficiency.
“This apartment has been designed to the highest environmental standards and demonstrates an intelligent design approach that draws inspiration from the phenomenal beauty of its location,” said Stewart.
{yoogallery src=[images/stories/2013/08/aug28syd]}
Last year, the penthouse adjacent to the Archibald, known as <a href="https://www.propertyobserver.com.au/news/hyde-park-the-residence-penthouse-sale-confirmed-at-%2417-million/2013082764609" target="_blank">the Sulman</a> (pictured above, made headlines when it was purchased for $17 million by an offshore buyer with children who were studying at university in Sydney.
The Residence is located on College Street in Hyde Park and comprises 87 apartments.
<a href="mailto:jrichardson@propertyobserver.com.au" target="_blank">jrichardson@propertyobserver.com.au</a>
</body></html>

jrichardson-uRX5hFdKfN

The Residence in Hyde Park's final penthouse now selling

<html><body>
Mining magnate Nick Curtis and wife Angela - now empty nesters - have listed their trophy Woollahra abode.
<a href="https://bradfieldcleary.com.au/4144844/133-Queen-Street-Woollahra" target="_blank">The Queen Street house </a> last traded in 2004 when bought from the 2SM radio broadcaster John Laws and wife Caroline for $7.7 million.
Laws had purchased the 961 square metre Queen Street property in 1981 for $264,000 and then commissioned Espie Dods to design a two-storey house, with separate staff quarters and garaging for six cars, behind its high fence.
The high fence is still the same, but the house has been renovated by the Curtis couple while keeping the integrity of the Dods work. Apparently the expansive terrace delivers year-round alfresco entertaining. 
There is also a separate two bedroom cottage.
All just footsteps from all the village amenities. 
Nick Curtis has been leading Lynas Corporation since mid-2001 with a career spanning more than three decades in the resources and finance industries.  Curtis has serves as a governor of the Mining and Metals Industry Partnership Group at the World Economic Forum.
It has been listed with expectations in the vicinity of $12 million through BradfieldCleary agents Bob Guth and Georgia Cleary who are marketing it as "a blue ribbon retreat with comfort and convenience."
They even suggest it's "arguably Sydney's finest non-waterfront residence."
But taking nothing away from it, Title Tattle will argue with them on that! Maybe finest village residence?
<a href="mailto:news@propertyobserver.com.au" target="_blank">news@propertyobserver.com.au</a>
 
 
</body></html>

jchancellor-FAypfDUnLy

Mining magnate Nick Curtis lists Queen Street, Woollahra residence

<html><body>
Furniture and homewares retailer Early Settler has continued its national push, this time securing a 1,307 square metre lease in the Hunter Supa Centre at Rutherford, in the lower hunter region of NSW.
Early Settler has agreed to a five lease, with a further five year option, at a gross at a gross annual rental of $200,000 per year.
The centre - owned by Brisbane-based Sentinel Property Group - is now more than 85% leased by national tenants such as Fantastic Furniture, Petbarn, Betta Electrical, Loot Homewares, The Outdoor Furniture Specialists, Bubs Baby Shops, Plush, Genesis Fitness and Repco.
The Hunter Supa Centre is located, at 343 New England Highway in Rutherford and is set on a 50,690 square metre site fronting the highway. It features three separate buildings with a total lettable area of 19,768 square metres plus 438 parking bays.
<a href="mailto:news@propertyobserver.com.au" target="_blank"></a><a href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a>
</body></html>

kjiminez-eaYKfU7qd2

Early Settler continues national push securing Rutherford lease

<html><body>
The Point, a new high rise development in New South Wales' Liverpool, has expectations to be sold out by late February or early March, with a limited number of one-, two- and three-bedroom units left for sale.
Project marketer for the development, Sam Elbanna of CPM Realty, said that buyers in <a href="https://www.cpmrealty.com.au/Buying/Search/Detail.aspx?id=3424&amp;wlid=6c4a50f8-97f6-4e5e-8b96-6ed3766553e5" target="_blank">The Point</a> have been a strong mix of investors, owner-occupiers, seasoned veterans and first time buyers, with the broad lifestyle appeal helping with a sale of more than 90 of 126 apartments.
The first stage of sales sold out on the opening day in <a href="/news">Liverpool</a>. The south-west Sydney suburb is next to <a href="/news">Campbelltown</a>, <a href="/news">Fairfield</a> and <a href="/news">Sutherland</a>. The popularity may be, in part, due to <a href="https://www.propertyobserver.com.au/developments/liverpool-to-welcome-first-major-residential-tower-the-point/2013111866436" target="_blank">the status of The Point as the first residential tower for Liverpool</a>, at 4-6 Gillespie Street. It is expected to be complete in mid-2015.
The <a href="https://www.cpmrealty.com.au/Developments/New-Developments/Detail.aspx?pid=0c86a693-a942-4047-ae0e-9aac37748f9c" target="_blank">$49 million development will have 12 floors</a> and a supermarket on the ground floor, with prices spanning from $256,000 to $375,000. Sizes range from 55 square metres to 145 square metres.
The median unit price in Liverpool is currently $283,500, according to RP Data, with the median asking rent sitting at $330 per week, providing an indicative gross rental yield of 6.1%. Liverpool has long been on the investor list for <a href="https://www.propertyobserver.com.au/new-south-wales/from-potts-point-to-the-central-coast-17-property-investment-options-in-nsw-for-under-%24300000-htw/2012091256531" target="_blank">lower priced units and higher yields</a>.
Elbanna pointed to transport opportunities, a nightlife scene and amenities as being particularly attractive to younger buyers and families.
“Each unit encompasses the chic lifestyle of the inner city, while at reasonable prices,” he said.
Construction is scheduled to commence this month, with completion expected for mid next year.
Features include air conditioning, underground car parking, SMEG appliances and mirrored built-in wardrobes.
Last year, <a href="https://www.propertyobserver.com.au/commercial/quest-to-build-10-new-serviced-apartments-buildings-in-nsw-over-next-two-years/2013020659191" target="_blank">Quest Serviced Apartments also expressed interest</a> in the Liverpool area.
<a href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
For the latest development listings, brought to you by Property Observer and partners, see our <a href="https://showcase.propertyobserver.com.au/" rel="nofollow">Investor Showcase</a>.
Images are artist impressions.
 
 
 
</body></html>

Liverpool’s The Point has late-February sell out expectations

<html><body>
The Real Estate Institute of New South Wales (REINSW) has released a statement criticising Fair Trading NSW for its dispute resolution process.
According to the statement released, NSW Fair Trading has requested additional funding for its non-binding dispute resolution process, which the REINSW claims is a waste of taxpayers’ money.
An extract from the REINSW statement reads:
"The Minister for Fair Trading’s application for additional funding for a dispute resolution service at NSW Fair Trading is a misguided use of public money, according to the Real Estate Institute of New South Wales.
REINSW President Malcolm Gunning said additional resources should be directed toward the NSW Civil and Administrative Tribunal (NCAT), which replaced the Consumer, Trader and Tenancy Tribunal (CTTT) from 1 January 2014.
'The NSW Fair Trading service is a waste of time for all parties involved,' Mr Gunning said.
'This service will not work because there won’t be a binding resolution to disputes.
'All it is going to do is increase time. There is no compulsion, participants don’t have to take the advice and in the end most will end up at NCAT anyway.'"
In a phone interview, Gunning stated that the service would add another level of bureaucracy and time to the resolution process.
"It’s an unnecessary expense – we have a system that is well developed and works. [The service is] a gross waste of money for the tenant, the landlord, and the agent, who all spend time and their own resources trying to resolve their issues," he said.
"The agent looks to resolve the issue on the behalf of the landlord and tenant, so if the issue goes further, it means the relationship between the managing agent and the tenant or landlord has already broken down. And the managing agent is usually very experienced, and understands the landlord and tenancy act very well."
In response to REINSW’s statement, a spokesperson from Fair Trading NSW has said that its dispute resolution service helps the parties involved sidestep the cost of taking their issue to NCAT.
"Far from adding another layer of red tape, this process obviates the need for the more expensive step of lodging a claim with the Tribunal," a Fair Trading NSW spokesperson wrote via email.
"Simply, this is an additional option available to landlords, property agents and tenants to resolve a dispute and does not impede a party going directly to the Tribunal.
"Almost 60% of matters handled by Fair Trading since 1 January 2014 have resulted in the offer and acceptance of a resolution in less than 14 days."
According to Fair Trading NSW, negotiation through its dispute resolution service is generally undertaken via phone or email, unlike a tribunal hearing, which requires all parties to be physically present at a venue, saving business time and travel costs. Fair Trading NSW did not respond to questions regarding any additional funding that may be required for the service.
<a target="_blank" href="mailto:jrichardson@propertyobserver.com.au">jrichardson@propertyobserver.com.au</a>
</body></html>

Latest New South Wales Property News

How AJC designed The Anderson to bring oversized apartment living to Chatswood

Editor's Picks

Developments

New apartments

New townhouses

News

Latest New South Wales Property News

How AJC designed The Anderson to bring oversized apartment living to Chatswood

Editor's Picks

Receive the latest news stories to your inbox

Developments

New apartments

New townhouses

News