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.

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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?

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Gosford’s waterfront has had its future defined by new rezoning plans finalised yesterday by the New South Wales government; with plans for dining, shopping and new apartment set to come online.
A 9.9 hectare area has been rezoned on <a href="/news">Gosford</a>’s waterfront by the Central Coast Regional Development Corporation. The area was previously known as ‘The Landing’.
The rezoning will allow a combination of residential, commercial, hotel and conference facilities, creating up to 2,000 jobs. It will also allow new regional community facilities, such as a proposed Regional Performing Arts Centre and Conservatorium, public spaces, recreational areas and waterside restaurants and retail facilities.
“This is great news for the revitalisation of Gosford’s waterfront and will help boost the Central Coast’s economy by acting as a catalyst for the renewal of the Gosford CBD,” said Planning and Infrastructure Minister Brad Hazzard.
“As a further bonus, by creating facilities and public spaces that build communities, it will draw more visitors to the area,” said Hazzard.
The plans split the site, which has state significant status, into a number of zones allowing these developments to occur. The Gosford Public School site will be opened up for commercial and residential, while an expanded Breakwater will house the other activities.
<img alt="seanriley-flickr-gosford-feb-11-breakotu" height="264" width="470" src="/images/stories/2014/02/11/seanriley-flickr-gosford-feb-11-breakotu.jpg">
Photo: Gosford, courtesy Sean Riley/flickr
Minister for the Central Coast, Michael Gallacher, said that earlier plans had been significantly revised to take onboard community concerns.
“These new plans ensure public space is protected and new buildings on the school site are properly scaled to minimise the impact on water views,” said Gallacher.
The views were one of a number of concerns previously expressed, with the development to allow “key view lines” to Brisbane Water, as well as the restriction of building height and the imposing of massing controls to ensure the correct scaling to maximise view corridors between buildings. The War Memorial Park will also be retained.
The redevelopment of the waterfront is still open to community consultation, as <a href="https://www.ccrdc.nsw.gov.au/MajorProjects/WaterfrontPrecinct.aspx" target="_blank">each development application will be required to be lodged through Gosford City Council</a>.
The site is bound by Georgina Terrace, Dane Drive, Mann Street and Brisbane Water.
The rezoning will also see the school relocated this year. Expressions of interest for proposals from potential developers and investors for the school site are being called for.
The move of the school has seen significant community backlash and petitioning, including the creation of a website, <a href="https://www.savegosford.com/2013/04/sgw-media-release-ccrdc-pre-empts" target="_blank">called ‘Save Gosford’</a>, where they note that more than 10,000 people signed a petition against the loss of the school, while more than 10,700 signed petition against "The Landing" proposal.
There were <a href="https://www.majorprojects.planning.nsw.gov.au/index.pl?action=view_job&amp;job_id=3966" target="_blank">a number of submissions both for and against the redevelopment</a>.
"Why not have something like Cairns has done with their foreshore. Something that everyone can enjoy not just the rich in high rise apartments,” local resident Julie Guthrie included in her submission against the redevelopment.
Traffic concerns were also noted by some residents. There have already been some mixed responses on the <a href="https://www.facebook.com/ilikemygosford" target="_blank">Gosford City Council Facebook Page</a>.
Within the next few months, the restaurant and bar, Iguana Joes, is expected to reopen on the waterfront. The Commonwealth Agency will also be housed on the waterfront, according to a release from Federal MP for Robertson, Lucy Wicks.
Gosford is undergoing a number of changes, under the 2010 masterplan for the city, with the waterfront having been slated for revitalisation since the inception of this plan.
<a href="mailto:jduke@propertyobserver.com.au" target="_blank">jduke@propertyobserver.com.au</a>
 
 
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Gosford waterfront’s residential and retail plans finalised after community battle

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Sydney’s newest suburb is set to be complete three years ahead of schedule, in an attempt to boost housing supply, according to Minister for Planning and Infrastructure, Brad Hazzard.
The suburb, <a href="https://www.landcom.com.au/places/bunya.aspx" target="_blank">known affectionately as Bunya but officially as Bungarribee</a>, is located in the western Sydney area and is attracting a number of new buyers – with one in three of the 800 purchasers said to be first home buyers.
<img width="470" src="https://www.landcom.com.au/downloads/photos/bunya_1_b8ea_photos_large.jpg">
Artist impression courtesy of LandCom
“New Western Sydney housing is selling like hotcakes and Bunya is leading the charge,” Hazzard announced today.
“Recent housing figures show over 16,700 new homes were approved in Sydney (July to November) which indicates we are on track to have the strongest year of housing approvals in Sydney since 1973," he said.
The 55 hectare site is on the former Overseas Telecommunication area at <a href="/news">Doonside</a> and was developed by UrbanGrowth New South Wales. Located less than a kilometre from Doonside train station, and just over a kilometre from local shops, it’s well placed, being bound by Doonside Road, with Steeltrap Drive being the main road through the suburb.
The housing area has a six star environmental rating, and overlooks the Parklands. In September, 50 land lots were released, with more than 150 homes occupied and more than 100 under construction.
“Over 650 lots of the 820 have sold in under three years and demand for the remaining 170 lots is hotter than ever, with future residents visiting the sales office daily,” Hazzard said.
Prices for house and land packages range from $525,000 for a 400 square metre lot, to $630,000 for a 600 square metre lot. The median house price in Doonside currently sits at $391,500, according to RP Data, with rent at around $380 per week, so these properties are significantly above the norm.
Land started at $290,000, sized from 464 square metres to 715 square metres, with the smaller, cheaper blocks proving to be the most popular within the first release stages. Property Observer understands that some of the corner blocks have added restrictions on the type of property that can be developed. The site previously achieved a commendation at the Urban Development Institute of Australia NSW Austral Bricks Awards for Excellence.
On completion, the area will house 3,000 residents. Blacktown City Council will be the local authority for the area.
<img width="470" src="https://www.landcom.com.au/downloads/photos/bunya_2_aea4_photos_large.jpg">
Artist impression courtesy of LandCom
The builder team includes Allcastle Homes, Eden Brae Homes, Champion Homes and Wisdom Homes. The masterplan includes a $4.9 million community resource hub called "The Hub", which officially opened on Saturday, and a number of parks, cycleways and walkways.
The community already has their <a href="https://www.facebook.com/BungarribeeDoonsideCommunity" target="_blank">own Facebook page</a>, encouraging residents to get involved with local street parties and campaigns.
Taking their suburb's name from the famous horse stud that was a major local employer in the early 19th century, a number of the streets are named after horses that dominated the racing scene in the 1820s and 1830s, said Landcom development director, Camille Abbott. This includes roads such as Steeltrap Drive and Manto Street. There is also a "Sir Hercules Parade" named after the sire of 1866 Melbourne Cup winner The Barb. The display village sits along this street.
“Landcom worked closely with a local historian to explore the history of the site. Local historical societies were then approached to workshop several names which were eventually chosen. It was important the names chosen, adequately represented the horse breeding past and involved historical representatives from the area," said Abbott.
The main park in the area still contains the remains of the Bungarribee Homestead, which was built in 1822.
<a href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
 
 
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Sydney’s newest suburb three years ahead of schedule: Brad Hazzard

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Cranes are dotting the skyline in North Sydney’s CBD, with a significant number of developments and strong sales pointing to residential interest in the area once again.
After almost a decade of very minimal residential development, there is now a strong supply of residential apartments coming online, said Duncan Grady, principal of Raine &amp; Horne North Sydney.
“Buyer interest in these new developments has been exceptional, with all projects nearly fully sold before completion,” said Grady.
He pointed to developments such as <a target="_blank" href="https://www.propertyobserver.com.au/developments/sydney-first-home-buyer-interest-picking-up-%E2%80%93-but-not-silver-screen-worthy-%E2%80%93-in-wake-of-government-grant/2012100556998">The Montrose</a>, <a target="_blank" href="https://showcase.propertyobserver.com.au/2/3/skye-by-crown">Skye Apartments</a>, The London, Atria, <a target="_blank" href="https://www.propertyobserver.com.au/developments/transition-apartments-to-tempt-sydney-north-shore-empty-nesters/2013073063590">The Heritage</a> and <a target="_blank" href="https://www.propertyobserver.com.au/news/belvedere-tops-out-north-sydney-with-three-bedders-the-remaining-offerings/2013072463493">Belvedere</a> as examples of what is being built in the area.
Grady expressed his confidence that these developments would breathe ‘new life’ into the area after-hours. Anyone familiar with <a target="_blank" href="/news">North Sydney</a> will be able to attest to its busy atmosphere during the working week, but its very quiet nature over the weekend.
“Take a walk around North Sydney between 9am and 5pm on Monday to Friday and it’s full of activity, however it’s more like a ghost town after work and on weekends, which seems a massive waste given our proximity to Sydney and the harbour,” said Grady. This is emphasized by the fact that the local shopping centre, Greenwood, is completely closed on Sundays and shuts early on Saturdays. In fact, even Wikitravel notes that the area is "notoriously" quiet on weekends.
“With an estimated two residents per apartment, we expect to have at least two thousand new residents living in North Sydney very soon,” he said.
His thoughts are that these residents will be young professionals working in the area, and with the busy nature of the North Sydney train station, it's likely that this could be an attractive option, with close connections to the city, Luna Park and other amusements as well as vibrant work-night local watering holes.
However, developments such as The Heritage are attempting to attract a downsizing demographic, featuring 23 three- and four-bedroom apartments and penthouse apartments, with prices start from $1.425 million.
Whether North Sydney will be able to re-emerge as an after-5pm destination over the weekends is yet to be seen.
The median price for units in North Sydney is $595,000 with a median asking rent of $508, according to RP Data. In September, a <a target="_blank" href="https://www.propertyobserver.com.au/new-south-wales/%24400-million-office-tower-in-north-sydney-to-provide-new-urban-centre-developer/2013092665302">$400 million office tower was also slated for the area, planning to be a 'new heart'</a>.
jduke@propertyobserver.com.au
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Weekend 'ghost town' North Sydney set to be given new life

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The Tenants Union of NSW has called for parents and carers to take action following a toddler's death in northwest Sydney. 
The 15 month old girl was found unconscious in her cot last Tuesday. She was brought to hospital by paramedics and later died. After initial investigations, police suggested that she became entangled in a blind cord. Hers was the second blind cord related death in a single week in Sydney. A 16 month old girl in Hornsby died on January 30 in similar circumstances.
The Tenants Union has published a post on their blog reiterating warnings they had released after an 18 month old boy died last year in a blind cord accident.
"Keep cots, beds and other furniture away from blind cords," the post reads.
"Keep cords out of reach, by winding them on a hook or clipping them to the blind. Look out especially for older cords that are looped, or knotted or otherwise joined at the tassels. In most cases these can be made less dangerous by cutting the loop or the join, and fixing new tassels on the cut ends. In some cases a blind might require a continuous loop of cord to work. These cords can be made less dangerous by keeping the loop taut through a cleat fixed to the floor or wall.
 "Cutting through cords and fixing cleats like this are alterations to the property, for which you should properly seek your landlord's consent. As minor alterations, your landlord cannot refuse consent unreasonably. And it is hard to think of any good reason for refusing consent for you to do these very simple things to make your home safer for children."
According to the Australian Competition and Consumer Commission, at least 11 children died between 2001 and 2008 in blind cord related accidents. All new blinds are required by law to include safety warnings, and instructions on how to safely install cords to prevent accidents.
The ACCC's safety fact sheet on blind cord safety can be found <a href="https://www.productsafety.gov.au/content/item.phtml?itemId=995161&amp;nodeId=9d34104d6131a76659f644fc367e732d&amp;fn=Blind+and+curtain+cords+-+Safety+alert.PDF" target="_self">here</a>.
Landlords and property managers might also consider sending out an alert to their tenants, as well as <a target="_blank" href="/news">considering if there are any safety risks within the properties</a>.
jrichardson@propertyobserver.com.au
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Two children die in one week in blind cord accidents: TUNSW calls for caution

<html><body>Australian Property Monitors (APM) has released a list of results from 212 auctions in Sydney for the weekend of February 8. The clearance rate was 84.4%. <a href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" target="_blank" rel="nofollow" style="font-size: 14px;">Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

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APM's Sydney 212 auction results show a 84.4% clearance rate

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Lord Mayor Clover Moore recently called for more childcare places in Sydney, and it appears that the ‘childcare’ ingredient is increasingly becoming a focus for developers.
Australia’s largest residential apartment builder, Meriton, noted that they are currently building more childcare facilities than ever in their 50 year history, as it becomes increasingly important within their masterplanned communities.
Meriton’s national sales director, James Sialepis said that they include childcare facilities in every major project, unless there are site specific conditions.
“We’ve seen a high need for quality childcare from families moving into inner city areas,” said Sialepis.
Their upcoming developments in Ryde, Mascot, Lane Cove, Chatswood, Warriewood, Epping and Pagewood in Sydney all have onsite childcare facilities.
World Tower, an existing Meriton development, includes a 24-hour childcare centre.
The <a target="_blank" href="https://www.propertyobserver.com.au/news/triguboff-gets-green-light-for-lane-cove-towers/2013120566771">Lane Cove development, on 150 Epping Road</a>, recently got the green light from the Planning Assessment Commission.
It also appears that childcare facilities themselves are becoming more attractive to commercial investors, with <a target="_blank" href="https://www.propertyobserver.com.au/victoria/ringwood-childcare-centre-subject-of-bidding-war/2013121566906">a childcare centre auctioned in December 2013 sparking a bidding war when it hit the market</a>.
A centre in Melbourne’s Ringwood saw bidding begin at $2.5 million and, 30 bids later, it reached $3.145 million.<a href="https://www.propertyobserver.com.au/victoria/ringwood-childcare-centre-subject-of-bidding-war/2013121566906"></a>
<a href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
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Childcare a critical element in masterplanned communities: Meriton

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Already the ‘boom 2014’ forecasts have been replaced by some predictions of doom. The fear is investors are leaving the market. Well that's certainly not how I read it as we continue to see buyers making enquiries for potential investment properties. Feeding into that is the fact that we also continue to see pretty good demand for rental properties. However, I think it’s worth noting how easily the whisper of a bump in the market can start everyone talking and asking questions. It’s a reflection of the Australian obsession with property but talk alone doesn't make it true. Be careful not to jump at shadows. Our team spends a huge amount of the day talking and when reports surface of negative trends like investors retreating phones run hot. In recent days I've repeatedly said the same thing. Look at what's actually happening now. It's OK out there and I think the fundamentals are there for a good year ahead.
We’ve already had a busy January but it really isn’t until February that people are forced to return to the reality of everyday school and work routine. So the next couple of weeks will be very interesting.
The question is will there be a jump in activity as those people who have successfully escaped over the holidays return and refocus on buying and selling?
I think it’s highly likely.
For example as well as those who took a break from the property hunt over the holidays, I anticipate even more than in past years there will be new players who enter the market having used the break to prioritise and make plans for 2014. The overall economic outlook is simply more secure than the same time last year.
That’s why our team continue to predominantly recommend vendors take their property to auction. The demand is there.
And at the moment we are also increasingly recommending vendors let the auction campaign run through to completion rather than potentially consider even a healthy pre-auction offer.
Again the demand appears to be there so let’s see what happens.
Ewan Morton is managing director of the Sydney based <a target="_blank" href="https://www.mortonandmorton.com.au/" rel="nofollow">Morton &amp; Morton</a>.
 
 
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The year has started and the demand appears to be there

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Builder Tony Bittar has listed one of Cronulla’s most admired homes, after its eight month makeover.
The futuristic Apollo Gate, the Sutherland Shire's latest waterfront listing, comes with $3.5 million plus expectations having sold snappily for $3.2 million last May.
“If you want a home designed for the rich and famous that will make you feel like a movie star as you look out over the uninterrupted water views, at an affordable price, this is it,” the vendor, builder Tony Bittar, says.
Nicknamed the Cronulla spaceship house, or the White House, it has a reputation that dates back to its completion in the 1970s, with its Reuben Lane design motivated by spiritual and architectural links to Mediterranean villages and with whitewashed buildings clinging to the coastlines.
{qtube vid:=4XvRsyVu0uo}
It first changed hands for $185,000 in 1978 when sold by the Breen family who owned the Metropolitan Sand Company at <a href="/news">Cronulla</a>.
The house at <a href="https://www.raywhite.com/nsw/cronulla/1087356/" target="_blank">4-6 Cowra Place</a> has direct access to Salmon Haul Bay.
It featured in NSW Builder magazine, the official journal of the Master Builders' Association, in May 1975 (pictured below). It was built by CH &amp; CR Ellis with spiralling western red cedar ceiling.
<img src="/images/stories/2013/05/cronullamay3one.jpg" alt="cronullamay3one" width="470" height="391">
<img src="/images/stories/2013/05/cronullamay3two.jpg" alt="cronullamay3two" width="470" height="323">
<img src="/images/stories/2013/05/cronullamay3three.jpg" alt="cronullamay3three" width="470" height="343">
Reuben Lane, who died in 2012, was inspired by the work of his mentor Oscar Niemeyer, the architect of the capital city of Brazil, Brasilia.
The iconic home has views of the waters stretching across <a href="/news">Port Hacking</a> to <a href="/news">Bundeena</a> and Jibbon Beach in the Royal National Park.
“The property’s free form design makes it truly unique. There’s not a visible square angle in the home and its enviable location on the shores of the Esplanade earns the home’s incredible reputation,” said Ray White listing agent Con Economos.
“The property is what we call a one-off’: a truly spectacular home with an unbeatable location,” said Economos.
It’s a real entertainer’s house, according to the owner, who recently hosted a local artist’s exhibition on site.
The premise at 6 Cowra Place in Cronulla offers five bedrooms plus study, a double garage and two car spaces and guest quarters. There's an atrium lounge, an internal spa, and landscaped gardens. Its four bathrooms’ original tiles are sourced from the same suppliers as the Sydney Opera House.
<a href="mailto:news@propertyobserver.com.au" target="_blank">news@propertyobserver.com.au</a>
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jchancellor-FAypfDUnLy

Apollo Gate, the 1970s Cronulla spaceship house listed after renovation

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This year is set to see some interesting trends emerge, from changing floor plans to investors and home buyers pursuing different types of stock, according to Secret Agent’s Paul Osborne.
Here are the seven key trends that Osborne is predicting for the property market.
 
1) China is where our future lies
Osborne notes that the future of Australia, and the property market, is less in the emergence of America and Europe but in the success of the Asia Pacific region. He particularly notes that China is one to watch.
"Hot money from Asia seeping into our assets, especially into our capital cities, is likely to increase over the coming years," he said.
"This will have profound implications on real estate prices for the remainder of the decade.
"Foreign investment is having a changing impact on previous fundamentals.”
The expectation:  This year is set to see another surge in Asian investment, as these offshore buyers look for yield and capital protection. The CBD commercial markets in Melbourne and Sydney will see further price records overturned, with local buyers to be outmatched by foreign interests.
You might also want to read <a target="_blank" href="/news">Juwai.com Andrew Taylor's editorial about how Australia is embracing Chinese investment in real estate</a>.
 
2) Density to increase
The changing shape of urbanisation is also on Osborne’s radar as a trend to take note of, particularly as it is irreversible.
With 89% of Australia’s population currently urbanised and the number steadily increasing, suburbia is in decline.
"The Australian dream of a freestanding home, with lawn to mow, is leaving the consciousness of many Australians. Lack of infrastructure, transport, and culture, have made many resist the move to outer suburbia. Instead [they are] opting to live in smaller residences and even rent," he explained.
The push is driven by all demographics, apart from some of Generation X.
“The district of the City of Melbourne which comprises of Melbourne CBD, Carlton, Docklands, East Melbourne, Kensington, Flemington, North Melbourne, Parkville, Port Melbourne, Southbank, South Yarra and West Melbourne; only have a combined population of just over 100,000 people, within these most convenient locations. This geographical area is two thirds the size of Manhattan with just a fraction of the people,” he said.
The expectation: More people will opt for the convenience and the low-maintenance attraction of city living, with the bare minimum being downsizers choosing to live in the amenity/proximity rich areas within their own suburb to start with. The apartment preference will continue.
This news article has a look at <a target="_blank" href="https://www.propertyobserver.com.au/new-south-wales/diverse-dwelling-densities-needed-urban-taskforce/2013092665321">a call from the Urban Taskforce into increasing diversity in housing supply densities</a>.
 
3) New apartment buildings to see their ‘best days’
With city towers increasing in a number of cities, Osborne warns that the main issue is that many of these apartments are not suited to the local demographics.
Similarly, warehouse living has been a property type that has gathered momentum and buyer interest over the past few years, particularly in the edgier locations.
"Making the best of vertical space is seeing many storage and mezzanine levels being installed into these homes," he said.
The expectation:  New apartment buildings are expected to see better days, providing they can up their game in terms of providing the right floorplans. He points to aesthetics, position, quality and larger floor plates as the important aspects.
Here, <a target="_blank" href="/news">Houseplanology's Sam Crothers explains what it takes to create a good floorplan</a>.
 
4) Household formation changing dramatically
Solo living, less children per couple, and higher divorce and separation rates are already resulting in fewer people per household, he said.
The demand for a lower number of bedrooms per home, with higher demand for larger rooms, such as living spaces and bedrooms, is already in place.
"Local preferences for housing stock will still gravitate around the existing group of period stock. Yet, awareness of the heavy upkeep and renovation costs are becoming more widely known, and this is increasing demand for contemporary property. We also note increased interest in the post war brick veneer within city fringe positions due to their solid structures and more accommodating floor plans," he explained.
The expectation: An increase in demand within the CBD’s fringe suburbs and the CBD. Apartments are to become the default option as houses become out of reach for many.
Houshold formation was one of a number crucial points in this <a target="_blank" href="https://www.propertyobserver.com.au/residential/room-for-debate-is-australia-s-housing-market-under-or-oversupplied/2012092556795">head-to-head about housing supply between BIS Shrapnel's Angie Zigomanis and Michael Matusik</a>.
 
See over page for his final three forecasted trends
 
 
 
<hr class="system-pagebreak">
 
 
More forecasts
5) The availability and cost of credit
Inexpensive credit is fuelling credit growth in certain sectors, while others show signs of deleveraging, he said.
"Australia’s headwinds include deleveraging and reduced foreign investment if Asian economies start to falter. If this were to happen simultaneously it would lead to falling prices," Osborne noted.
The market is currently splintered, with inner city areas having lower debt residents, and outer areas holding down more vulnerable jobs with higher debt.
The expectation: An increasingly pronounced split between the "haves" and the "have-nots", with credit being the amplifier in the system.
Observer Catherine Cashmore looked at the widening gap between the "haves" and "have nots" in <a target="_blank" href="/news">this piece about housing policy reform</a>.
 
6) Local investment to grow in SMSFs and yield to become the focus
Local investments have seen strong interest in SMSFs over the past few years, with investors increasingly pursuing yield.
"Leased assets within the residential and commercial property market have been hotly contested as bank interest continues to disappoint," he said.
The expectation:  In the long-term, these investments should slow with interest rate increases and political pressure likely to begin restricting super funds from buying property.
The average borrowing of an SMSF is now at $357,000, <a target="_blank" href="https://www.propertyobserver.com.au/finance/smsf-average-borrowing-at-%24357000-but-not-irresponsible-spaa/2014011367177">according to the SMSF Professionals' Association of Australia, who claim that it isn't irresponsible</a>.
 
7) Commercial market demand shifting to vibrant spaces
The type of space wanted by tenants and owner occupiers in the commercial market has already undergone several shifts.
With many office buildings currently needing a complete refit to meet the current working environment, especially with its growth as a retention tool, there have been many efforts to relocated to more vibrant locations.
Similarly, more workplaces are becoming mobile, with hotdesking becoming common as work forces are increasingly flexible.
"Natural light, break out areas and spaces that allow for greater collaborations have become vital for the modern corporation," he said.
The expectation: Funky well-located office spaces, such as converted warehouses, to become the sought-after stock.
We had <a target="_blank" href="https://www.propertyobserver.com.au/victoria/oct-1-flicker-3-highrises-and-high-fashion-171-collins-street/2013093065382">a walkthrough of one of the latest innovative office spaces in Melbourne, 171 Collins Street</a>.
 
jduke@propertyobserver.com.au
 
 
 
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Seven key trends to emerge in 2014’s property market: Secret Agent

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Predictions about what is to come in the real estate market are a hot topic for most property enthusiasts, investors and home buyers.
Whether it’s the economists, buyer’s agents, real estate agents, commentators or mum and dad at the barbecue, everyone likes to give it a guess. We also love to revisit the predictions and see just who got it right, and who got it wrong.
See <a href="https://www.propertyobserver.com.au/new-south-wales/how-2013-s-predictions-held-up-we-put-them-to-the-test/2014011267166" target="_blank">how the predictions for 2013 held up when we put the experts’ forecasts to the test earlier this year</a>.
However, what if we take it to someone who isn’t a real estate expert, but who does predict for a living – such as a psychic medium?
Sharlene, a psychic from Sydney’s western suburb <a target="_blank" href="/news">Minchinbury</a>, has been put to the test by Sydney Real Estate TV and Just Think Real Estate’s Edwin Almeida, for Property Observer.
Almeida asked Sharlene her predictions for 2014's Sydney market, and then narrowed in on what the spirits are telling her about the prestige market.
Here is what happened:
{qtube vid:=RuxCxUsQMRQ&amp;feature=youtu.be}
For <a href="/?option=com_googlesearch_cse&amp;q=just%20think" target="_blank">more videos and stories from Sydney Real Estate TV, see this collection</a>.
She tips property prices to stay stable, before an increase towards the end of the year. She doesn’t see a drop as particularly likely. Her belief is also that the million dollar plus properties may be harder to sell, and this is set to get harder towards the end of the year.
Almeida agreed with Sharlene about the multimillion dollar properties.
What do you think?
 
{module Do you think that Sharlene's predictions will come to pass?}
 
We will have the opportunity to speak to Sharlene again. What other property questions would you ask her?
Let us know your expectations for the market: jduke@propertyobserver.com.au
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