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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Sydney’s record-breaking spring auction market continued with an 85.9% success rate at the weekend.
With 714 scheduled auctions – the highest weekend total for the year - was also the fourth busiest on record by APM's calculations.
Let's ignore the observation that 20/9 Nicholson St, Balmain (pictured below) sold at $285,000 over reserve price!
{yoogallery src=[images/stories/2013/10/14/bal]}
After all it was one of those Cinderella properties - a neglected two bedroom apartment with harbour bridge views.
It sold for $1.21 million at its weekend auction through Lynsey Kemp of Belle Property Balmain. The 92 square metre unit was on the fifth floor of the eight floor block in less than original condition given there was no functional kitchen.
"There were almost to many people to fit into the unit with a crowd of fifty," the auctionservices.net.au auctioneer Rocky Bartolotto told me.
The opening bid was $890,000 which quickly reached $1,150,000 before the the auctioneer over saw the two final parties left to battle it out for the last $60,000.
As it last traded in 1973 at $34,500, the price growth reflected 9% annual growth over the three decades.
The most important take out was there were 20 registered bidders at the onsite auction. Which means there's possibly up to 19 buyers who kick onto next weekend's auctions.
It's this depth of pent-up purchasing interest that has seen the market move so quickly from a buyer's market to a seller's market.
Strathfield, which is always an auction engine room, recently saw the sale of 162-164 Albert Road at $3.187 million. There were 15 registered bidders for the seven bedroom Victorian mansion on 2844 square metres.
A Chatswood offering attracted 26 registered bidders when 23 Kareela Road sold last month for $1,555,000 - $455,000 above the reserve.
When 37 Boronia Avenue, Cheltenham sold last month for $1.45 million, there were 10 registered bidders, with six of bidding on the day, who pushed the price past its $1,325,000 reserve.
A block of four in Denison Street, Newtown, recently sold for $2.84 million with more than 30 registered bidders.
I've previously written on the sale of <a target="_blank" href="https://www.propertyobserver.com.au/news/surry-hills-auction-price-silliness-won-t-necessarily-be-contagious/2013092365215">the lucky 88 Campbell Street, Surry Hills </a>where competition among the 25 registered bidders took the price to $840,000.
So inevitably this seller's market rolls on through spring and into summer.
Raine &amp; Horne executive chairman Angus Raine has noted the quiet pre-election market had come back to life and he expects only a short break after Christmas with above-average activity in January.
Having huge buyer interest is no guarantee of a huge price.
A recent $2,455,000 Kangaroo Point sale in the Sutherland Shire came after more than 100 groups inspected it, 14 of whom took contracts, and then 11 registered. But's its sale price was under its $2.5 million initial reserve.
And ofcourse all it takes is two keen bidders.
 
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Seller's market to roll on through spring and into summer - Harbour Bridge view or otherwise

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The North Nowra Shopping centre in southern NSW has sold at auction for $4.705 million.

The neighbourhood shopping centre, at 9 McMahons Road, North Norwa, was purchased by a local private investor on a yield of about 7%.
It attracted 12 registered bidders at the auction.
Built in the 1980's, the centre has 20 outlets and has about 3,029 square metres of net lettable area.
The selling agent Scott Baxter, principal of Ray White Commercial Shoalhaven, said “the site has more than 100 car parking spaces and there's scope for further development, as current tenants are seeking extra space."  
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North Nowra Shopping Complex sells for $4.7 million

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A spate of leasing deals has bolstered the vacancy rate in a newly refurbished building in Sydney’s Drummoyne to nearly 70%.
MRA Consulting recently secured 107 square metres of office space in the 19 Roseby Street building, while Accountancy Insurance signed a five year lease for 214 square metres of office space.
The deals were negotiated at about $420 to $450 per square metre gross.
CBRE senior negotiator for commercial sale and leasing Nick Sinclair said a further 1,032 square metres of space was under offer to seven tenants, leaving just 100 square metres of vacancy.
Since January, about 2,400 square metres of office space has been leased in the building. The latest two leasing deals take the vacancy in the building to just fewer than 70%. Renovations were completed in August.
The largest deal done in the Roseby Street property this year was the leasing of an 830 square metre office space to Redcape Hotel Group, who relocated its head office to the building, said Mr Sinclair.  
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Spate of leasing deals at refurbished Drummoyne building

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Sydney home prices increased 0.9% in the past week – the strongest weekly price gain for all capital cities, according to RP Data.
It was well ahead of number two Brisbane, where home prices increased 0.3% in the week ending October 6.
Home prices were unchanged in both Melbourne and Perth and were slightly lower in Adelaide, down 0.1% for the week.
In the past year Sydney had the greatest trend price growth (up 8.5%) followed by Perth (up 7.5%), Melbourne (up 6.0%), Brisbane (up 1.5%) and Adelaide (up 0.7%).
Click to enlarge
<a rel="shadowbox" href="/images/stories/2013/10/08/weekly-oct-9-big.gif" title="Click to enlarge"><img src="/images/stories/2013/10/08/weekly-oct-9-small.gif"></a>
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Sydney home prices jump 0.9% in one week

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A petition to stop the proposed changes to the NSW planning bill has hit the internet from the Better Planning Network, a volunteer-based, incorporated organisation, who say that it favours developers over residents.  
{qtube vid:=_cHUdBQpXNI}
“I think that’s a big mistake, I can’t see how the government can step back and not expect that developers will take advantage of that flexibility,”said Frances Bay of Lake Wollumboola Protection Association.  
Environmental, social and economic planning were said to be the issues left out, with just an interest in the bottom line; 80% of development applications won’t need community consultation, the video claims.  
“The Better Planning Network and our 427 affiliated organisations want a fair and responsible planning system for NSW.  A system that encourages growth in line with ecologically sustainable development principles; has at its heart community wellbeing; protects our environment and heritage; minimises risks of corruption and respects the rights of communities to shape local planning and development decisions,” the Better Planning Network notes.  
This comes as the proposed reforms received positive feedback from different sectors of the industry who <a target="_blank" href="https://www.propertyobserver.com.au/new-south-wales/proposed-planning-reforms-would-boost-nsw-housing-approvals-urban-taskforce/2013100365467">believe they will boost housing supply</a>. 
There are currently 4,733 supporters listed on <a href="https://www.change.org">www.change.org</a> where the petition is being hosted. 
Here is a copy of the text of the current petition:
Withdraw the NSW Government’s Planning Bills!    
In a few weeks’ time, the O’Farrell Government will introduce new planning legislation to the NSW Parliament that will primarily benefit the big end of town. If adopted by Parliament, this legislation will result in the most significant reduction in community participation, environmental and heritage protection in over 30 years. In particular, the legislation will mean that:
- Economic growth will be the primary driver of all planning and development decisions in NSW;
- I will lose the right to comment on up to 80% of developments in my neighbourhood, including major developments such as blocks of residential flats and land subdivisions;
- The Minister will have increased powers to override local planning controls without any community consultation or rights to challenge decisions in court;
- Developers will have the right to appeal development decisions but in most cases, as a resident, I won’t;
- The potential for corruption will be even higher than what it is now.
I respectfully request that the NSW Government withdraw its Draft Exposure Planning Bill 2013 and Draft Exposure Planning Administration Bill 2013 (the Planning Bills) and work with all key stakeholders to prepare new planning legislation, using as a basis the 374 recommendations developed through the extensive stakeholder consultation conducted in 2011-2012 by Messrs Moore and Dyer in their Independent Review of the NSW Planning System.
In 2011, the O’Farrell Government was elected on a promise to ‘return planning powers to the local community’. The Government has broken its promise to the people of NSW.
The basis of the Government’s Planning Bills is fundamentally flawed and despite amendments to these Bills, they cannot be repaired.
I do not support the Government’s Planning Bills because they give overwhelming weight to economic growth and the commercial interests of developers, to the detriment of community wellbeing, our environment and our heritage.
I do not support the Government’s Planning Bills because they remove the rights of ordinary residents to comment on up to 80% of developments, including major developments such as blocks of residential flats and land subdivisions.
I do not support the Government’s Planning Bills because they remove the internationally recognised principles of Ecologically Sustainable Development from our planning legislation.
I do not support the Government’s Planning Bills because they provide the Minister and Director General of Planning with unfettered powers to make decisions without consideration of potential impacts, community consultation or rights of judicial review or merit appeals.
I do not support the Government’s Planning Bills because, as submitted by the Independent Commission Against Corruption (ICAC), they will create a significant risk for corruption associated with planning and development decisions in the State of NSW.
The Government’s Planning Bills represent the most significant reduction in community participation and environmental and heritage protection in over 30 years. These Bills should not be tabled in the NSW Parliament and should never become law.
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NSW planning bill slammed as favouring developers

<html><body>Australian Property Monitors (APM) has released a list of results from 220 auctions in Sydney for the weekend of October 5. The clearance rate was 81.8%. <a rel="nofollow" target="_blank" href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" 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 220 auction results show a 81.8% clearance rate

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A 100-site retirement village on the far south coast of New South Wales has been listed for sale.
Homes in the 8 hectare Acacia Ponds Village near Merimbula are owner occupied but residents pay a weekly rent of around $85 per week for the land.
Home sites advertised on the <a href="https://www.acaciaponds.com.au/forsale.htm">website</a> are priced from $195,000. Residents who wish to resell their house must pay a commission to do so and must sell to someone aged over 50 who will sign a lease with the management.
The site is currently run by Manor Park Homes
The estate has been listed by CBRE’s Andrew Jackson.
“We expect strong interest in this Manufactured Home Estate, from both local and interstate buyers because of the solid consistent rent returns and room for upside,” Jackson says.
“With 100 approved sites, 83 of which have homes providing a weekly rental, the village provides an incoming purchaser with great returns upon purchase. Additionally, there is potential to fill the remaining sites and significantly increase income both through development profits on home sales as well as the increased rents subsequently being generated.”
CBRE recently sold the Oaklands Village Manufactured Home Estate in Wollongong to Alceon in an off market transaction for $13.4 million.
“These assets offer a secure, consistent income source and are relatively passive. Our ageing yet mobile population is also drawn towards the relatively low cost housing options offered by manufactured home villages, which also provide a range of facilities and a great community atmosphere, which means that they generally have little to no vacancy,” Jackson says.
“This depth to the market is evident by the crisp yields being paid for quality parks, with upside potential such as revenue uplift through rental increases or further expansion potential.”
<a href="https://www.realestate.com.au/property-villa-nsw-millingandi-110724117">Home 84</a> was the most recent sale in the village, according to RP Data. The two bedroom weatherboard home sold in May after being listed for six months at $185,000.
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Retirement village listed on NSW south coast

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A new Housing Industry Association report looking into the economics and property prices in Sydney, outlined that their observations around current growth are that the city is actually playing 'catchup'.
The report notes that in the past Sydney has been an under-performing market when compared to other Australian cities, growing at a much slower pace than other capitals.
When looked at in this light, the report continues, the "recent acceleration of price growth in Sydney represents some rederess given the 'lost' growth of the past ten years."
Over the past decade, it notes that dwelling prices in Sydney have risen 31%. When compared to 143% growth in Perth, 80% growth in Melbourne and 79% growth in Brisbane, it is clearly the underachiever.
In the past 12 months, residential prices have risen by 13.1% (in the year to September 2013 when looking at units and houses), compared to an average annual growth rate of 3.4%, and a 20 year annual average growth rate of 6.7%.
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Sydney playing catchup: HIA

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A husband and wife team have lost their appeals in the Sydney District Court against the length of their custodial sentences this week.
The previous real estate agents, Roger and Gordana Ocvirk,  were director and company secretaries respectively of Bayelm Pty Ltd, and trading as Dougmal Harcourts Warilla Sales and Strata Decisions Wollongong.
On <a target="_blank" href="https://www.google.com/url?q=https://www.propertyobserver.com.au/news/wollongong-estate-agents-to-appeal-jail-sentence-over-%2414-million-misappropriation-of-client-funds/2013052561645&amp;sa=U&amp;ei=FgJOUuHmGsy6lQXNgoH4BA&amp;ved=0CAcQFjAA&amp;client=internal-uds-cse&amp;usg=AFQjCNFbT5zUO8erkKqeU4dZIiGkqEJvUg">23 May the couple were each sentenced to 18 months imprisonment</a>, 12 months non-parole, in Wollongong Local Court.
They had been involved in a $1.4 million real estate fraud.
After hearing the appeal on 1 October, the couple withdrew their appeals in Sydney District Court on 2 October. They had been told by Judge King that if they did not, their sentences may both be increased.
The appeals were then dismissed after withdrawal.
Roger Ocvirk's additional appeal against the Wollongong magistrate's decision not to deal with his offences under the Mental Health Act 2007 was dismissed. He had claimed mental impairment during the time the offences had been committed.
The case was described as tragic, by NSW Fair Trading commission, Rod Stowe. However, he said that it required the full force of the law.
“Fraud of any sort in the real estate industry will not be tolerated and Fair Trading willcontinue its program of spot inspections to ensure all agents are operating within the law when it comes to trust account fund management,” he said.
Earlier in 2013, Gordana Ocvirk had plead guilty for the fraudulent ommission of $1,235,402.67 held in trust by Bayelm Pty Ltd trading as Strata Decisions Wollongong.
She also had a guilty plea for the fraudulent omission of a further $198,708.76, held in trust by Bayelm Pty Ltd, trading as Dougmal Harcourts Warilla Sales.
Roger Ocivirk was charged with the same offences. 
On January 2012, Gordana Ocvirk handed herself in to Lake Illawara Police Station after notifying Fair Trading of trust account anomalies. Lawyers, acting on her behalf, sent a full and frank admission of the couples' conduct to Fair Trading.
Four days after this event, licensee of Dougmal Harcourts, Tom Imre, filed a written complaint with Fair Trading. He advised that the sales trust account was overdrawn as a result of unauthorised withdrawals.
On 9 May 2013, Imre plead guilty in Wollongong Local Court due to breaches of the Property, Stock and Business Agents Act 2002 by failing to properly supervise a business.
He was fined $2,000. Court and professional costs totalling $83 and $250 respectively were also paid. His licence was cancelled for two years.
Strata Decisions and Dougmal Harcourts had been running at a loss, with the trust fund being accessed to pay debts.
Roger Ocvirk went missing from his home in Blackbutt on 10 January 2012, and was located seven days later by police. He was found in the Grafton area. 
Gordana Ocvirk's lawyers told the court she believed her husband's suspected mental breakdown was triggered by the guilt and stress over the events.
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Harcourts' $1.4 million fraudster agents have prison sentences upheld

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The New South Wales government has introduced stricter controls on the activities of coal seam gas (CSG) companies.
It has expanded exclusion zones which limit CSG operations close to residential areas.
There will be an additional level of scrutiny applied to potential CSG projects within the 2.8 million hectares of land identified as the state’s most valuable farming land.
The so called Gateway process examines the impact of resource development on agriculture and water.
The regions included are the Central West; Mid and Far North Coast, Southern Highlands, Western, South Coast and Illawarra.
Minister for Primary Industries Katrina Hodgkinson says the reforms ensure the integrity of important agricultural land.
“When the NSW Government released its Aquifer Interference Policy last September, it ensured this State put in place the best groundwater protection framework of any jurisdiction in Australia,” Ms Hodgkinson said.
“Today’s announcement takes the NSW Government one step further towards balancing the responsible growth of the mining and resource industries with the needs of primary industries and communities.”
The reforms identify residential villages which weren’t previously protected. And it identifies future growth areas in 56 council areas across NSW.
Minister for Planning and Infrastructure Brad Hazzard said the Government was pleased to put in place the first stage of CSG exclusion zones.
“We always said that we would also examine the exclusion zones in future proposed residential areas – along with rural residential areas which could be regarded as villages – and are now seeking feedback on this,” Hazzard said.
“Importantly, however, the Government has also made it clear that, now we’ve defined these sensitive areas, we will fully support mining proposals which are in the right places and pass our rigorous and independent assessment system.”
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