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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La Joie de Vivre has been sitting unloved by buyers above Sydney’s northern beaches since 2010.
But soon it will be attracting international attention.
The hit reality television show, The Bachelor is heading down under and the Network Ten series will be filmed in the stunning mansion.
Its the home of the former freight tycoon Gregory Poche and wife, Kayvan Norton.
Sydney’s Daily Telegraph reported the production company Shine Australia had chosen the rich lister's home at 68 Minkara Road, Bayview.
It's among spotted gum trees with views from its floor to ceiling windows that will show Australia's native landscape.
The residence was built for Beirut industrialist Agob Dellalian who sold it for $7 million in 2003.
Gregory Poche and wife Kay van Norton bought the property for $10 million in 2003 through Claudio Marcolongo of LJ Hooker Avalon, and Christie's agent Ken Jacobs.
The couple have relocated to Little Manly Cove.
Their lavish French provincial mansion named La Joie de Vivre, meaning the ‘joy of living’ in French, catches impressive 180-degree view of Pittwater.
It’s not the first time the property has been associated with Hollywood. There were silly rumours back in 1996 that Kevin Costner had bought the mansion.
The multimillion dollar home is set on 4091 square metres and features a grand formal dining room, six bedrooms, seven bathrooms, a wine cellar, towering high ceilings and a huge living room space with views of Pittwater at every corner.
Being the home of 25 women and just one lonely man, all bachelor homes require certain luxuries and this French mansion doesn’t disappoint with a wet bar on its sandstone terrace, a heated pool and spa, a sauna, gymnasium and a championship size tennis court and pavilion.
The home is finished off elegantly with 24-carat gold filigree balustrades, a commercial-grade kitchen, ultimate entertainment systems for the bachelorettes, complete with an exit for those without a rose via the semicircular drive and grand foyer.
The median sale price for a home in the suburb is $1,138,000 with a change in the average median price over five years of -12.8%.
Word of the impending filming came after letters were recently received by residents living close to the chosen address outlining the filming schedule for the program, a resident told The Daily Telegraph.
The letter said filming would commence on July 9 and finish up on September 15.
The letter said "crew are fully aware of the limitations and sensitivity required when filming within a residential area and we are making provisions to ensure our impact is reduced, with only essential crew and vehicles entering the area."
Take a video tour of the estate <a href="https://www.maxwalls.com/buying/search/detail?id=ID137" target="_blank">here</a> which was uploaded during its Max Walls International marketing.
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Bayview luxury estate with Sydney harbour views will house The Bachelor

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Sydney entrepreneur Drew Muirhead has sold his five-bedroom Cottage Point waterfront on Sydney's Pittwater in one line, as plans to secure 12 takers each with a share, didn't get anywhere.

It had been given a nominal $7.8 million value on its 2012 marketing with each portion listed in $650,000 part ownership shares.

The expectations were around $4 million on its recent remarketing with Title Tattle gleaning its since sold at $3.35 million.

It was bought by Catherine Verschuer, wife of Paul Verschuer, Westpac managing director, foreign exchange, commodities, carbon and energy. The couple own Waterfall, a Duffys Forest acreage, which cost $6 million in 2006.

<img alt="cottagemarch1one" height="317" src="/images/stories/2013/03/cottagemarch1one.jpg" width="470">

It wasn't for want of space as its possibly the biggest house within one of Sydney's smallest suburbs, Cottage Point, complete with infinity-edge pool, spa, jetty and pontoon. There was even its own private nightclub.

Designed by architect Richard Cole, it has water views from every room with its pitched ceiling expanding the view to include the bushland behind.

<img alt="cottagemarch1two" height="313" src="/images/stories/2013/03/cottagemarch1two.jpg" width="470">

The five-bedroom home, featured on Grand Designs Australia in 2010, has been rented out for $20,000 a week in the peak season.

The top <a href="/news">Cottage Point</a> sale was $6.45 million in 2008 on Cowan Drive.

Last traded for $1.7 million in 2005, the vendor had previously rejected the suggestion the almost $3.5 million he spent building his dream home was an overcapitalisation.

[smartcode_project:default project_id=29139]

Muirhead was offering the property under a co-ownership agreement drawn up by PodProperty chief executive Jeremy Levitt, who says the method has become more popular especially for holiday homes.

It was intended the co-owners would have a deeded share of the title of the bricks and mortar and could use their share for their own holiday stay, or rent out their time.

Fractional ownership is a model used in the US and Europe.

It was proposed the owners would each have a deeded share of the title of the bricks and mortar and could use their share for their own holiday stay, or rent out their time for a great return.
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Notting Lane Cottage Point waterfront with disco sold for $3.35 million by Drew Muirhead

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A rural retreat with landscaped rose gardens in Point Leo was this week’s most expensive sale, selling for $3,657,000 on July 4, according to RP Data.
Located at 3785 Frankston Flinders Road, the limestone and timber residence includes three bedrooms and two bathrooms.
The master wing boasts a private lounge, ensuite, gymnasium and dressing room.
The property also features barrel-vaulted ceilings, a Tuscan-inspired alfresco courtyard and an outdoor kitchen.
The 10.61-hectare property boasts a boutique orchard and a tennis court with a summerhouse and offers views across Western Port Bay to Phillip Island.
The home was built in the mid-1980s and was purchased by the Hannan family in 1998 who expanded and opened the house through renovations. The property last traded at $830,000.
It was listed in April last year for $4 million.
The property was listed with Meg Pell of <a target="_blank" href="https://www.rtedgar.com.au/?pagecall=property&amp;propertyID=1820879&amp;agentID=2448&amp;realestate=3785_Frankston_Flinders_Road_POINT_LEO_VIC_3916&amp;propertyStatus=SoldRented&amp;showGoBack=true">R T Edgar Flinders</a>.
The top 10 most expensive sales of the week are:
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/3785_frankston-flinders_road_point_leo_vic_3916/12541585">3785 Frankston-Flinders Road, Point Leo, VIC, 3916</a>, three-bedroom house, sold on July 4 by R T Edgar Flinders for $3.657 million
 
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/1403/61-69_macquarie_street_sydney_nsw_2000/6611387">1403/61 Macquarie Street, Sydney, NSW, 2000</a>, three-bedroom unit, sold on July 4 by Morton &amp; Morton Sydney for $3.6 million
 
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/2/39-43a_milson_road_cremorne_point_nsw_2090/2004415">2/39 Milson Road, Cremorne Point, NSW, 2090</a>, three-bedroom unit, sold on July 3 by L J Hooker Mosman/Neutral Bay for $3.2 million
 
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/105_ocean_street_woollahra_nsw_2025/7740592">105 Ocean Street, Woollahra, NSW, 2025</a>, four-bedroom house, sold on July 5 by GoodyerDonnelley Real Estate for $2.92 million
 
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/5_kidston_street_ascot_qld_4007/2681419">5 Kidston Street, Ascot, QLD, 4007</a>, five-bedroom house, sold at auction on July 6 by Ray White Ascot for $2.56 million
 
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/59_kangaroo_point_road_kangaroo_point_nsw_2224/3186739">59 Kangaroo Point Road, Kangaroo Point, NSW, 2224</a>, four-bedroom house, sold on July 2 by Fans Realty for $2.5 million
 
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/7b_park_lane_claremont_wa_6010/15921585">7b Park Lane, Claremont, WA, 6010</a>, three-bedroom house, sold prior to auction on July 6 by Vitale Fine Properties Peppermint Grove for $2.5 million
 
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/4/11_elamang_avenue_kirribilli_nsw_2061/3433017">4/11 Elamang Avenue, Kirribilli, NSW, 2061</a>, two-bedroom unit, sold at auction on July 6 by Ray White Lower North Shore for $2.3 million
 
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/31a_links_road_bowral_nsw_2576/1571506">31a Links Road, Bowral, NSW, 2576</a>, six-bedroom house, sold on July 5 by Campbell Jones Property Bowral for $2.2 million
 
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/18_carranya_road_riverview_nsw_2066/5864058">18 Carranya Road, Riverview, NSW, 2066</a>, five-bedroom house, sold prior to auction on July 6 by Belle Property Lane Cove for $2.185 million
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Point Leo rural retreat most expensive sale of the week: RP Data

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Scheduled auctions continue to dwindle as we enter into the second month of winter, with 944 auctions scheduled across the capital cities this week, according to RP Data.
Auction volumes have decreased from the revised 1,548 auctions that took place last week and 1,655 the previous week.
The auction clearance rate was slightly up last week at 68.7% from 66% the previous week.
At the same time last year, the clearance rate was substantially lower at 50.8% but there were 1,256 auctions.
Melbourne has 423 scheduled auctions this week, substantially less that the revised figure of 705 auctions last week and 820 the previous week.
The Melbourne preliminary auction clearance rate was recorded at 71.2% last week, up from 68.1% the week prior.
There were slight more scheduled auctions in Melbourne this time last year at 544, however the clearance rate was much lower at 57.8%.
Sydney has 329 scheduled auctions this week, less than the revised figure of 588 auctions last week and 593 auctions the previous week.
The Sydney clearance rate increased slightly last week to 72.8% from 71.9% the week before.
At the same time last year, there were more scheduled auctions in Sydney at 493 however like Melbourne, the clearance rate was substantially lower at 50.3%.
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Scheduled auctions continue to dwindle but clearance rates still strong: RP Data

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AMP Capital’s unlisted Wholesale Office Fund (AWOF) has entered into an agreement with Mirvac to acquire a 50% interest in the land and development of its 200 George Street office project for $317 million. 
The site, currently occupied by a 5,500 square metre C grade building, is being redeveloped into a 37 storey, 38,000 square metre office tower, substantially pre-let to Ernst &amp; Young (28,000 square metres of office space) for 10 years from completion. 
Major site establishment works commenced in January, with completion scheduled for early 2016. 
Mirvac will provide AMP Capital a rent guarantee over any remaining un-leased space at completion for a term of four years.
AMP Capital head of property funds management Chris Judd said as the original owner of the site, AMP Capital had previously negotiated rights to acquire a 50% interest in any future development on the site. 
“This transaction presents a rare development opportunity and an excellent investment outcome for our clients. 
“The acquisition is consistent with our strategy to remain focused on core, well located office towers and bringing some newer assets into the Fund to increase the quality of the portfolio and deliver our investors strong risk adjusted returns over the long term. 
“We are pleased to further build upon our relationship with Mirvac Group where we benefit from partnering with a well-regarded residential and commercial developer,” says Judd. 
“We are delighted to have AMP Capital as an aligned partner in 200 George Street for what will be a landmark premium grade asset, located in the financial and legal core of the Sydney CBD,” says Mirvac chief executive Susan Lloyd-Hurwitz. 
“This agreement further strengthens our relationship with AMP Capital and we will continue to look to work with them in future residential and commercial opportunities.” 
The AMP Capital Wholesale Office Fund is an open-ended unlisted trust investing in office buildings in Australia and New Zealand. 
The fund has assets of $2.8 billion as at 30 December 2012.
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AMP Capital fund buys 50% of Mirvac’s 200 George Street office tower project for $317 million

The one bedroom cottage at 237 Lawrence Hargrave Drive, Coalcliff comes with $1.1 million plus price hopes.

Located&nbsp;about an hour from Sydney, it last sold in 2010 at $1,245,000 after deacdes of ownership by the Bond family.

The&nbsp;1979 square metre block has been <a href="https://www.realestate.com.au/property-house-nsw-coalcliff-113614475" target="_blank">listed by&nbsp;Simon Beaufils</a> at Ray White Helensburgh who hasn&#39;t been able to secure a buyer since its May auction marketing campaign.

&quot;Properties like this are becoming increasingly rare in today&#39;s market and this may be one of your last opportunities to secure a blank canvas overlooking the ocean on which to build your dream home,&quot; Simon Beaufils said.

There is an approved architectural-designed plan for a&nbsp;three bedroom home.

The Illawarra&#39;s Coalcliff&nbsp;comprises less than 100 homes, surrounded by National Park, with a&nbsp; patrolled surf beach, plus children&rsquo;s and adults tidal wading pools.

Clifftop Coalcliff trophy shack sitting on price precipice

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An aeronautically designed five-star hotel for pilots is set to open at Mudgee Airport next month. 
   The first of its kind in Australia, the luxury accommodation is located just 120 metres from the runway and provides an active taxiway connection direct to its door.   Designed as a multi purpose resort for pilots, it caters for groups of up to 14 guests and has facilities for functions as well as workshops, flight training and aircraft storage.   It has five hotel suites, conference rooms, a pilot’s lounge, pilot’s residence, swimming pool and a commercial kitchen.   Owner, Observe Air is an approved ‘call when needed’ operation and will use the hangar as a seasonal base for the NSW Rural Fire Service (RFS) in times of bushfire danger.   Maurice Patten of Patten Designs was commissioned by the company to design the hotel and it was built by local Mudgee builder Peter Barlow.   Mr Patten says the design of the building was inspired by World War Two Hangars and the local landscape in Mudgee.   “Henry Lawson’s old cabin is actually further along there, and that has an old chimney on it, so that inspired me to put a chimney on the social area of the building,” he says.   Patten says his client, chief pilot at Observe Air Brad Welch, is passionate about flying and is now living at the complex himself.   The process began in 2009, with six months of planning before building commenced in 2010. The project was completed last year and the hotel will be officially opened next month.   Patten says Mid Western Regional Council played an important role in getting the development underway.   “The council was really great, they were really involved in the process. It was a long but very considered process. Normally you would think of councils as being a bit of a pain but they actually assisted,” he says.   The surrounding area has been subdivided and construction is underway on an aircraft hangar on a lot adjoining Hanger House Hotel. 
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Five-star hotel for pilots set to open at Mudgee Airport

The Dirty Deeds filmmaker Deborah Balderstone and her husband, John, an investment manager, have relisted their 1890s Elizabeth Bay villa. Its listed for August 1 auction.

It initially had&nbsp;price hopes of more than $12.5 million&nbsp;last year through Richardson &amp; Wrench Elizabeth Bay agents Jason Boon and Geoff Cox, who now have it inconjunction with Michael Finger and Diane Wilson at Ray White Double&nbsp;Bay. The latest campaign comes with $12 million plus hopes.

Hidden from the street by a high wall within gardens designed by William Dangar, it&#39;s on Billyard Avenue non-waterfront block, although it comes with shared jetty access.

There&#39;s been a William Smart redesign to the five-bedroom house in <a href="/news">Elizabeth Bay</a>.

The Balderstones bought the property for $6.8 million in 2003 from property entrepreneur Barry Wain.

It was unrenovated when sold by the veteran mining speculator Boris Ganke to Wain.

Title Tattle recalls the house was sold off by the Sydney City Council in 1971 for $133,000 to Boris Ganke after plans for a park were abandoned.

Dirty Deeds Elizabeth Bay trophy home for August 1 auction

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AMP Capital Investors has had preliminary success in its plans for the $1.8 billion development of the Young Street precinct at Sydney’s Circular Quay.
The group has secured the backing of the City of Sydney for the planning changes that would revamp two blocks fronting Sydney harbour as a mixed-use precinct anchored by an overhaul of its Bridge Street headquarters into a $1 billion-plus premium grade office tower.
The plans will now head to the NSW state government for approval.
AMP Capital office and Industrial managing director Louise Mason said the opportunity was "unique," telling the Australian Financial Review, that AMP was optimistic about the prospects for the precinct.
The group wants to recast the Young and Loftus Street block as a diverse precinct of smaller mixed-use developments with an active laneway precinct.
These low to mid-rise buildings will be at the foot of the Bridge and Alfred Street block, where the group wants to transform the 1976 AMP Tower at 50 Bridge Street into a tower.
The city council approved AMP’s plans to transfer about 22,000 square metres of unrealised floor space from the low rise block to the rear tower block.
While leasing conditions are currently challenging, Ms Mason acknowledged that Sydney was not a “Singapore, London or New York” the city could use its physical attractions to compete.
“We have the elements,” she said.
With an international design competition to come next, the second stage development application process is not likely to be completed until 2015.
The AMP could seek partners for the hotel and residential components and to possibly fund its office tower.
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AMP's amber light for Young Street precinct at Sydney’s Circular Quay

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House Rules New South Wales team Michelle and Steve could potentially pocket an impressive $225,000 if they were to sell their newly renovated Collaroy Plateau home.
The couple paid $650,000 for the termite-infested shack (pictured below) in May last year and have the biggest mortgage on the show, and therefore the biggest prize, of $629,000.
{yoogallery src=[images/stories/2013/06/june12collaroyplateau]}
House Rules asked two local real estate agents to appraise the renovated property (pictured below).
{yoogallery src=[images/stories/2013/06/june26michelleandsteveafter]}
Mark Clarke of Ray White appraised the property at $845,000 to $875,000.
Clarke said by removing the internal walls in the living area, the space flows well from the kitchen to the entertaining deck.
“This open plan has substantially increased the value of the home,” says Clarke.
Nicholas Hayes of Doyle Spillane appraised the property at $830,000 to $850,000.
Hayes agreed that the removal of internal walls has increased the value of the home and has improved its salability by broadening its potential market.
However, Hayes says the use of rich colourings and retro wall furnishings in Jesse’s bedroom could “polarise the market” and is “removed from the general style of the rest of the house.”
The 1950s coastal weatherboard house sits on 860 square metres and features three bedrooms.
Channel Seven declined to reveal the renovation budget for each house.
The median house price in Collaroy Plateau is $875,000, according to <a target="_blank" href="/news">RP Data.</a>
House Rules was again the most watched show around the nation last night, raking in a rating of 1.474 million, according to OzTAM.
It smashed The Block Sky High, which rated 1.191 million.
Viewers witnessed the elimination of Brisbane couple, <a target="_blank" href="https://www.propertyobserver.com.au/news/amy-and-sean-s-house-rules-nundah-home-now-worth-%24500000-plus/2013062462592">Amy and Sean</a>.
Sydney and Melbourne have preferred The Block Sky High since airing began of the two renovation shows, however House Rules attracted more Sydney viewers last night with a rating of 350,000.
For other House Rules stories, <a target="_blank" href="/?option=com_googlesearch_cse&amp;q=house%20rules">click here.</a>
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