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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Plans for a new light rail project in Newcastle, NSW, and the transformation and renewal of the city centre, are a step closer with the contract for early scoping studies awarded to local firm GHD.
NSW treasurer Mike Baird said the light rail project came about through a $340 million investment in the <a href="https://www.propertyobserver.com.au/new-south-wales/newcastle-port-to-be-sold-off-with-boost-to-local-infrastructure-from-proceeds-nsw-budget/2013061862377" target="_blank">long-term lease of the Port of Newcastle</a>. Works are expected to start early next year.
The contract was awarded through a closed competitive tender process targeting firms with expertise in light rail, engineering, and multi-modal transport projects, as well as those with local knowledge and experience.
And no one could be happier than new MP Tim Owen, who says the works – and the new light rail system - will revitalise the town’s economy, improve commuter access and connections and boost the amenity of the CBD.
‘’It will be exactly what the city needs,’’ he said. But it’s been a long process.
‘’We had a heavy rail line down the main street for 100 years linking the harbour and the old coal-fired power station. It was ugly, polluting, inefficient and it divided the city.
‘’As part of the $1.3 billion Newcastle Urban Renewal Scheme a lot of money has been spent on improving the waterfront and it looks beautiful.
‘’I argued that the next step should be to open up the city and make the necessary changes by choosing the best urban renewal scheme.
‘’I said we should get rid of the heavy line which is ugly and divisive and install the light rail to connect the city to the harbour and improve our residential and retail areas - and that’s what we are going to do.’’
Lord mayor Jeff McCloy said light rail was not just about moving people around the city: ‘’It has the potential to regenerate the city and make it grow exponentially, so in a few years you have a new more vibrant city,’’ he said.
‘’Even the announcement of light rail has created excitement within Newcastle’s investment and property communities with a number of derelict buildings demolished and proposals on the board for new hotels and mixed use residential/commercial/retail projects.
‘’We’ve also seen new restaurants, cafe and retail shops pop up in Hunter Street, our Main Street.
‘’In Newcastle, light rail is planned in the context of urban design for better people mobility, key node precincts, and improved liveability.
‘’I envisage people being able to leave their apartment on the harbour, jump on the light rail, and be at their favourite restaurants in minutes with no parking issues.’’
Planning and transport news source Urbananalyst reports that the contract followed one of many planning workshop between key government agencies and Newcastle Council.
State Transport Minister, Gladys Berejiklian, is reported as saying GHD would undertake a detailed analysis of the best location for a new transport interchange, best alignment for a light rail route, and opportunities for future connections to link the light rail to surrounding areas.
The government says GHD's Newcastle team has a solid beckground in light rail, having helped plan and deliver Sydney's Light Rail Future, the Inner West Light Rail Extension as well as Adelaide's Inner Rail Network study.
Ms Berejiklian said Transport NSW would soon be seeking two more specialist firms to join the project, including an engineering company, to help with truncation of the heavy rail line.
Another tender will be for engineering and operation services, where the contractor will examine the engineering, urban design, operational environmental and functional requirements for building and operating the light rail system.
"Consultation will play an important role in the decision-making process for Newcastle Light Rail and we will involve stakeholders, including businesses, community groups, industry, residents and transport experts," she said.
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GHD awarded scoping studies contract for Newcastle light rail project

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A Chinese developer has grabbed a slice of the growing housing market in St Leonards, on Sydney’s lower north shore, by buying an historic three-storey commercial building - with residential potential - for $3.75 million.
This is the first time the property, at 28 Chandos Street (pictured below), has changed hands since 1973 - the year it was built. Selling agent John Simpson-Morgan, principal of Raine &amp; Horne St Leonards, said the original owner, Myrna Pty Ltd, had decided the time was right to recoup some capital gains from its 40-year old commercial asset.
<img alt="1" height="312" width="470" src="/images/stories/2013/10/03/1.jpg">
“The building was ground- breaking at the time, as it was innovative to demolish the two cottages that were on the site and build a modern commercial building,” Mr Simpson-Morgan said.
“Now, with the trend to convert commercial space back to housing, it’s fair to say the real estate market has come full circle.”
Mr Simpson-Morgan says that since 1995, when the NSW government instructed local councils to encourage development in inner city areas close to train stations, around 7,000 apartments have been developed from former commercial space in St Leonards.
“The first sites were the commercial/industrial buildings along the railway line, purchased and developed by Meriton,” Mr Simpson-Morgan said.
“Mirvac followed with developments on Christie, Oxley and Lithgow streets, while Winten Property Group bought commercial/retail buildings adjacent to St Leonards station and built 600 apartments at The Forum and Forum West.”
In the mid-2000s, Asian developers followed suit, buying up obsolete commercial buildings in Atchison and Chandos streets to build high-rise residential towers.
“Over 20 such commercial/industrial buildings have been demolished and/or converted in St Leonards, with more in the pipeline,” Mr Simpson-Morgan said.
“In the not-too-distant future it’s fair to expect that a few of St Leonards’ original commercial/industrial buildings remaining on Atchison, Chandos, Herbert streets, and the Pacific Highway, will make way for residential developments.”
The agent said the decision to convert commercial real estate near railway stations was a sensible decision that has also improved the quality of infrastructure and amenities servicing the St Leonards precinct.
“We’ve had a major upgrade of St Leonards station, along with the beautification of Atchison, Chandos and Herbert streets,” he said.
“There is also a Coles supermarket in St Leonards now and a major increase in the numbers of cafes, swimming pools and gyms in the area.
“St Leonards is an attractive place to live, particularly for young professionals who need to live close to the major business centres, such as the CBD, North Sydney and Chatswood, but still crave a contemporary lifestyle.”
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Chinese developer snaps up historic three storey St Leonards commercial building

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The latest ABS figures on housing approvals show that NSW had a slight lift of 1.1% but proposed planning reforms could boost this by much more, according to the Urban Taskforce.  
“A detailed breakdown of the August housing approval numbers show that higher density housing is propping up the overall housing supply in NSW," Urban Taskforce CEO, Chris Johnson, says.  
Click to enlarge
<a rel="shadowbox" href="/images/stories/2013/10/03/housing-approval-oct-3-big.jpg" title="Click to enlarge"><img src="/images/stories/2013/10/03/housing-approval-oct-3-small.jpg"></a>
The Urban Taskforce is a property development industry group, representing some of Australia’s most prominent property developers and equity financiers.  
“Since the GFC, higher density approvals have risen from a low of 847 a month to the current 1,839 a month, while house approvals over the same time have risen from 1,165 to 1,674.  
“The proposed planning reforms must support the growing trend towards higher density housing by giving the development industry certainty about what is achievable,’’ Mr Johnson said.  
‘’We are concerned that the recent move by the state government away from code assessable determinations towards merit-based determinations will make the approval process harder to achieve.  
‘’Many of the recent approvals for apartment buildings have come through the now eliminated Part 3A process where the state government gave support for larger projects.  
“The Urban Taskforce supports the planning approach of involving communities in the master planning of precincts where the overall planning rules are determined. If a detailed application then complies with these rules it should get a quick determination.  
“The planning reforms must not be further watered down or the supply of housing in NSW will suffer. This will make new housing less affordable and drive rents up.  
"Every 10 square metres of space saved by good design can save $90,000 on the cost of an apartment. If we are serious about affordable housing in Sydney then we must not have excessive standards that add hundreds of thousands of dollars to the costs of apartments."
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Proposed planning reforms would boost NSW housing approvals: Urban Taskforce

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The number of housing approvals in New South Wales is recorded at the highest level in nine years, despite national falls, according to the Australian Bureau of Statistics.
With a total of 41,309 houses approved over the 12 months to August 2013, this totals out at the highest level since 2003/2004, NSW Planning and Infrastructure Minister, Brad Hazzard, said.
“In NSW approvals have increased by 8% against the five year average in the period from April 2011 to August 2013, despite a fall of 2% in approvals nationally in the same period," Hazzard said.
He encouraged developers to come to the state to build more stock.
“The message to those who want to build houses is come to NSW, where we are open for business," he said.
In August 2013, 3,740 dwelling approvals were recorded, with approvals up 11% on the July 2013 result.
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NSW approvals highest level in 9 years

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Just watching Sky News Business this morning - RP Data are set to report their house price indices for September and will show a rise of 1.6% across Australian capital cities for the month.
This will take Australian prices nationally to all-time record highs as some of us anticipated - to widespread derision, I might add - largely due to the ultra-low interest rate environment and a great swathe of investors hitting the major city markets.
Some of Australia's property markets remain soft, however.
Hobart is having a poor run with prices falling by 3% over the last quarter, while Adelaide's market has failed to record any gains over the past year, which is a poor show given an official cash rate of 2.50%. In Darwin's seasonal market, year on year price growth seems finally to have calmed a little (+2.2%  year on year).
Melbourne's market appears to remain very strong with prices zipping up again by a very significant 5% quarter on quarter including 2.4% in September alone; perhaps an even stronger showing over the past year than anyone could reasonably have guessed, in my view.
But it's the Sydney market that is really looking set to blow off thanks to its booming population growth and very tight supply of appropriate and desirable housing stock, as I've basically been carping on about for the last five years.
RP Data reported that Sydney prices increased by 2.5% in the month of September.
<img style="border: 1px solid #ebebeb; position: relative; padding: 5px; box-shadow: rgba(0, 0, 0, 0.0980392) 1px 1px 5px; display: block; margin-left: auto; margin-right: auto;" width="400" src="https://2.bp.blogspot.com/-st9uWP47nRI/UkoQMWe_EwI/AAAAAAAAKXo/V-vlskXu3tk/s400/RPD2.jpg" height="241" border="0">
Source: RP Data
In truth, I don't know enough about 'what the wires do' with regards to RP Data's daily index, but although the stats imply that dwelling prices are continuing to move smoothly upwards from day to day, I wouldn't mind a bet that they can already anticipate Sydney prices moving materially higher over the coming months.
RP Data has Sydney dwelling prices up by more than 9.5% in 2013 and easily breaking record highs being up by close to 13% from their trough.
Certainly no interest cuts on that kind of data.
<img style="border: 1px solid #ebebeb; position: relative; padding: 5px; box-shadow: rgba(0, 0, 0, 0.0980392) 1px 1px 5px; display: block; margin-left: auto; margin-right: auto;" width="400" src="https://3.bp.blogspot.com/-NORPyiKkjRs/UkoQvoHVDZI/AAAAAAAAKXw/eITe5E7Esw8/s400/RPD.jpg" height="180" border="0">
Source: RP Data
 
<hr>
Pete Wargent is the co-founder of <a rel="nofollow" target="_blank" href="https://allenwargent.com/">AllenWargent</a> property buyers (London, Sydney) and a best-selling author and <a rel="nofollow" target="_blank" href="https://petewargent.blogspot.com/">blogger</a>.
His new book '<a rel="nofollow" target="_blank" href="https://www.bigskypublishing.com.au/Books/General-Interest/Four-Green-Houses--and-a-Red-Hotel/1015/productview.aspx">Four Green Houses and a Red Hotel</a>' was released on 1 September 2013.
 
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Sydney looks set to blow off as prices hit record highs: Pete Wargent

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Following a quiet week in Melbourne due to the AFL Grand Final, auction volumes are yet to pick back up with 1,400 auctions scheduled around the capital cities this week, according to RP Data.
Auctions volumes were down last week from 2,109 the previous week to 1,217 last week.
However, the national clearance rate increased from 73.1% the previous week to 75.9% last week.
At the same time last year, the clearance rate was substantially lower at 50.1% from 746 auctions.
Melbourne experienced a quiet week as a result of the Grand Final, with only 89 auctions held, down from 984 the previous week.
Melbourne’s preliminary clearance rate was 84.1%, up from 75.9% the previous week.
Melbourne has its auction stride back with 826 auctions scheduled this week.
Sydney had a busy week last week with 872 auctions, up from 766 the previous week.
The clearance rate remained unchanged at 81.4%.
At the same time last year, Sydney held 491 auctions and had a clearance rate of 55.2%.
It’s Sydney’s turn to quiet down this week, a possible result of the public holiday on Monday, with only 364 auctions scheduled.
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Sydney's public holiday holding back scheduled auctions: RP Data

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A price bubble at the lower end of the Sydney market means Vaucluse is now the one of the only attractive suburb for first home buyers, according to Herron Todd White’s September review.
It says there is a boom across Sydney at the lower end of the market spurred on by low interest rates and tight supply, pushing prices into unsustainable levels with the rare exception of Vaucluse which has lower demand for the cheapest units.
“There have been some very recent two-bedroom, one-bathroom, car space unit sales in the $550,000 to $600,000 price range,” the report says.
“This is most likely due to the major demand in this suburb being exclusive family homes with unit demand far less. It may represent good buying, as it is inevitable that units in this area will eventually see strong growth due to the general popularity of the suburb.”
One other suburb flagged as not being inflated is Brookvale in Sydney’s Northern Beaches which it says is currently in oversupply following a spate of new construction.
“Although this has helped produce some relatively cheap buying options at the lower end, it does not bode well for future capital growth over the short/medium term.”
Those looking for short term capital growth are advised to look in the local government area of Holroyd, particularly in suburbs such as Pendle Hill and Wentworthville.
“In these suburbs you can still purchase a detached house on a decent sized block of land 28 kilometres from Sydney CBD and 7 kilometres from Parramatta and within close proximity to major arterial roads and train stations,” the report says.
“The larger sized blocks give the owners an option of a large backyard for the kids or provide developers with options to build a granny flat or land bank for future development if permitted by council.”
“The versatility of these dwellings will ensure it appeals to a wider variety of buyers resulting in higher potential for growth.”
Herron Todd White says there may be some relief for first home buyers as more properties come to market.
“The unique combination of historically low interest rates and severe lack of stock have created a real price bubble at this end of the market,” the report says.
“It has really compounded the difficulty to enter the market for this group of people. There may be a let up with increased supply come springtime and after the election, but for now it remains an extremely tight price point in the market.”


<hr>
<img style="float: left;" alt="JC-torso" height="200" width="145" src="/images/stories/2013/10/02/JC-torso.png"><a target="_blank" href="https://www.propertyobserver.com.au/news/grumpy-first-home-buyers-even-face-investor-competition-for-the-vaucluse-crumbs/2013100165413?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=jonathanchancellor'spropertyinsights"><img alt="JC-words" height="110" width="276" src="/images/stories/2013/10/02/JC-words.png"></a>
"The pinpointing of Vaucluse as an attractive option for first home buyers by the Herron Todd White valuation group was akin to looking outside the gift box a bit.
As the traditional FHB inner city stomping ground kicks along with high auction clearance rates and ensuing price growth, the message from the on-the-ground valuers was sometimes its pays to go to possibly less attractive alternatives before everyone else does.
And that needn't be to the cheaper suburbs, but in this case the virtual blueblood suburb of Vaucluse."
Read Jonathan Chancellor's full insight into how <a href="https://www.propertyobserver.com.au/news/grumpy-first-home-buyers-even-face-investor-competition-for-the-vaucluse-crumbs/2013100165413?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=jonathanchancellor'spropertyinsights" title="Grumpy first home buyers even face investor competition for the Vaucluse crumbs">grumpy first home buyers even face investor competition for the Vaucluse crumbs</a>.
 
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Sydney price bubble means Vaucluse advised for first home buyers: Herron Todd White

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Continuing our series of renovating for under $10,000 Paul Eslick from Reno Kings gives us his guide to maximising profit with minimum outlay.
He says it’s possible to add $100,000 of value to some properties for just $10,000, provided owners learn to do the work themselves.
In general though, Eslick says for every dollar he spends he aims for about a $5 return.
With enough care and an effort, Eslick says it can be possible to do all the following steps for just $10,000.
Paint
“Without a shadow of a doubt the best bang for buck is with paint. I’ve never meant a person who can’t paint and the results are fantastic. We like to start at the top and work down to the bottom. Painting from the outside gives it a lift. We love to increase the street appeal as it gives better value to the tenant who’s driving by, better value to the bank manager who knows where his money is going and more importantly better value for valuer who is doing the restricted assessment – ie a drive by.”
Fence
“Installation of a fence if it doesn’t have one. It’s the frame around the Mona Lisa. The reason the fence would be good value is security for the tenant if they have children and for their pets (in Australia we’re one of the highest pet-owning countries in the world).”
Landscaping
“Some light landscaping. Try and find access off the kitchen to have an area for the indoor-outdoor look. Go and do a paving course for free with Bunnings. Put a paving section in if it’s close to the ground or put in a small deck with a table that fits six people. Have an ABN number and go to the wholesale distributor and you cut out the middle man. Consider doing walkways with stone instead of concrete because you can do it yourself.”
Kitchen
“A quick way to add value to an old kitchen would be to buy laminate paint and paint the front of the doors and buy new handles. If the splashback is tiles, use tile paint and repaint the tiles at the back.”
“Get a good quality, marine grade stainless steel polish and polish the stainless steel sink.”
“Buy single flick mixers for the sink and install them.”
Bathroom
“I’ve seen too many people wasting money throwing out pink baths and odd coloured baths. Invest in Tub 'n' Tile and repaint the baths white.”
“Re-lift the existing tiles by using tile paint. You may paint a bathroom any colour providing it’s white. It will make it bigger brighter and cleaner.”
“Shower curtains and tenants do not mix. Pay the extra for a DIY laminated grass shower screen and install this instead.”
“An old daggy vanity can be replaced quite simply.”
Add an extra bedroom
“I’d look for a big open space in an AVJennings home and put in a $1000 home wall and convert it to a two bedroom house and add $50,000. You take an L shaped room where the dining room used to be, put a wall where the window is and you add a room.”
Window furnishings
“I like putting straight venetian blinds for my window furnishings. The cheap plastic ones seem to break so go up the next level.
Do it all yourself
“You have to be able to do all the work yourself. You can do courses, you can paint, you can do landscaping, building a wall inside is very easy though you may need help with plastering.”
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How to add $100,000 of value with a $10,000 renovation

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There's something beautiful about a property with history behind it.
Here, we've compiled our top four heritage-listed properties we've covered recently in news stories for a range of reasons.
We ask - which of these do you like the most?
 
<a href="https://www.propertyobserver.com.au/victoria/fortuna-villa-heritage-trophy-estate-finally-sells/2013062662744" target="_blank">Fortuna Villa</a>
Our first is Bendigo's Fortuna Villa heritage trophy estate (pictured below). <a target="_blank" href="https://www.propertyobserver.com.au/victoria/fortuna-villa-heritage-trophy-estate-finally-sells/2013062662744">It finally sold in June</a>, for $2.21 million, and it has some of the most gorgrous stained glass windows as you can see in the images.
It was remodelled in the late 1880s, when it became lavishly furnished with pieces collected from around the globe - both inside and out, with imported plants, spacious gardens and lakes.
It is built in a number of architectural styles, including Victorian Italianate.
The villa comes on 7.57 hectares and has 32 outbuildings. 
{yoogallery src=[images/stories/2013/04/april12fortuna]}
 
<a href="https://www.propertyobserver.com.au/new-south-wales/sutherland-shire-tudor-heritage-mansion-coombe-grange-in-cronulla-listed/2012120358074" target="_blank">Coombe Grange</a>
Our next is a  Tudor Revival heritage-listed beauty in the Sutherland Shire of New South Wales. Cronulla's Coombe Grange (pictured below) <a target="_blank" href="https://www.propertyobserver.com.au/new-south-wales/sutherland-shire-tudor-heritage-mansion-coombe-grange-in-cronulla-listed/2012120358074">was listed in December with $5.95 million hopes</a>.
The  2,637-square-metre Taloombi Street estate almost commands beachfront prices, albeit with freehold pathway access to Gunnamatta Bay.
The house was designed by architect Spencer Spasfield for Reginald and Florence Snelling who'd operated a Glebe printing business.Completed in stages, it comes with a ballroom that was added in 1925.
{yoogallery src=[images/stories/2012/12/dec4taloombi]}
 
<hr class="system-pagebreak">
<a href="https://www.propertyobserver.com.au/news/hobart-heritage-charmer-listed-for-%24495000/2013012358951" target="_blank">Radnor House</a>
Heading down to Tasmania, this Hobart charmer (pictured below) was <a href="https://www.propertyobserver.com.au/news/hobart-heritage-charmer-listed-for-%24495000/2013012358951" target="_blank">listed earlier in the year</a> with $495,000 hopes. 
On York Street, Bellerive, the 1,246-square-metre heritage listed Radnor house comprises of original heritage features throughout... even including a servant's bell!
With 12-foot high ceilings, period features and a comparatively lower price point, it's on our favourite list.
{yoogallery src=[images/stories/2013/01/jan25hobart]}
 
<a href="https://www.propertyobserver.com.au/leisure/heritage-1870s-portland-victoria-annesley-house-hotel-listed/2012103056735" target="_blank">Annesley House</a>
Lastly, this beauty in Victoria, Annesley House (pictured below).
{yoogallery src=[images/stories/2012/09/oct2portland]}
<a target="_blank" href="https://www.propertyobserver.com.au/leisure/heritage-1870s-portland-victoria-annesley-house-hotel-listed/2012103056735">Listed late last year</a> with $1.29 million hopes in Portland, the 1878-built property is actually a hotel. 
Consisting of seven furnished apartments that had been run as self-contained holiday accommodation, heritage documents say it is an example of 19th Century townhouse design in Italianate style.
{yoogallery src=[images/stories/2012/09/oct2portland2]}
 
 
<img alt="poll-resulte-oct-1" height="246" width="470" src="/images/stories/2013/10/01/poll-resulte-oct-1.gif"> 
 
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Top four heritage properties

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A 3.5 hectare development site in Kingscliff is being brought to market by Colliers International, with expectations that buyer interest will be high.
Located at 16-20 Kingscliff Street and 90-92 Pearl Street, it consists of six separate titles and has a number of workable development opportunities, according to Darrell Irwin and Geoff Lamb from Colliers International.
Being marketed using an expressions of interest campaign, Irwin said the site already has approval for one type of development.
“Combined, the site has approval for a seniors living development, so there is an opportunity for a retirement village developer or operator or a residential aged care provider to buy the property,” he said.
“However, there certainly is scope for an alternative residential development on the site – while there currently isn’t approval for this, our preliminary enquiries with council indicate an application would likely receive favourable consideration."
His assumption is that the highest and best use for the site could be a small lot subdivision or townhouse development.Meanwhile, Lamb said Kingscliff is ideal for residential development in terms of location.
“It is just a block from the beach and is within walking distance of the Kingscliff Beach Bowls Club, the Kingscliff Shopping Village, Kingscliff Hotel and retail shops, which have numerous cafes and restaurants,” he said.
“Kingscliff is situated on the New South Wales’ north coast, just to the south of Coolangatta and Tweed Heads and is a very sought after area that has been growing in popularity amongst residential property buyers in recent years."
The Kingscliff listing of six titles currently has four of them home to houses, one home to a childcare centre and the last, of 3.018 hectares and the majority of the site, being vacant.
The campaign closes on October 23.
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