<a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.

A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.

Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360965]

“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.

From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.

The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360981]

Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.

A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.

Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360966]

Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.

“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.

Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360969]

Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.

The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.

“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”

The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.

The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.

[smartcode_project_cta:default project_id=149670]

Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.

The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.

Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.

The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.

The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" />

Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.

Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.

The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."

The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" />

Campbelltown has been starved of new residential developments in the last decade.

The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.

First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

[smartcode_project_cta:default project_id=152737]

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
</main>

Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

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>

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Ellen Walker

Off-the-plan property explained: What is stamp duty?

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Of the two key regional south-east Queensland property markets, the Sunshine Coast property market had a decidedly better year than the troubled Gold Coast market, according to Herron Todd White’s (HTW) year-in-review December report.
However, both remain distinctly buyers' markets, with opportunities for first-home buyers and investors (with a long-term view) to secure discounted purchases while the more expensive end of both markets remains under pressure.
Certainly there is much more upbeat tone to HTW's assessment of the Sunshine Coast than the Gold Coast.
“Well one thing is certain, 2012 has turned out to be much better than 2011. There seems to be an air of optimism around now with more and more people ‘doing things’,” is how HTW began its round-up of the Sunshine Coast market.
In comparison, HTW describes the Gold Coast as a “tough property market” with values having declined “across all property market subcategories with the prestige, unit and acreage markets hit the hardest”.
The Sunshine Coast property market was helped by the building of the $2.03 billion University Hospital at Kawana, with construction of the private hospital due for completion next year and with work now underway on the main hospital.
Another positive factor, according to HTW, was the changes in both the local and state governments earlier in the year, which helped improve confidence levels.
“The resultant effects are that we have seen a significant increase in activity.
“The main market where this has been felt has been the sub-$500,000 house market. Properties have been turning over more quickly, with some agents making noises about running out of stock.
“In this sector it doesn’t feel as if there is going to be a sudden spike in values, but certainly we expect that values will stabilise,” says HTW.
However, the Sunshine Coast resort investment unit market and prestige markets remain “quite tough”.
And while sales are being recorded and activity has improved, HTW says this is from sellers being prepared to meet the market, with buyers “smelling blood in the water and treating these properties harshly”.
 
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In the case of the Gold Coast, HTW says mortgagee in possession (MIP) sales have “significantly impacted the property market, with properties selling in many cases at levels not seen since circa 2003 to 2004”.
As a result, the Gold Coast is still a strong buyer’s market, with most local and informed buyers being “very discerning and taking their time to buy wisely, for example, seeking out the most distressed auction sales”.
“This has caused values in some residential areas to fall more sharply than others as buyers shun areas with perceived issues overshadowed by the more desirable areas. Therefore, we have seen sales in some residential pockets fall very dramatically.”
HTW notes that parts of the Gold Coast like Nerang and Highland Park offer first-home buyers the opportunity to get into the market at below $300,000 as do older-style low rise units in the Surfers Paradise/Broadbeach locality and second-hand townhouse units in the Pacific Pines locality”.
Moving up the price ladder to the $500,000 to $1 million bracket, values have continued to fall, with HTW recording that multiple sales occurring in Isle of Capri in the mid-$600,000s – the “lowest prices we’ve seen for waterfront property in this locality for a few years”.
Apart from the construction of the light-railway impacting on values for nearby property owners, the bigger structural problems for <a target="_blank" href="/news">Surfers Paradise</a> and <a target="_blank" href="/news">Broadbeach </a>is an oversupply of high-rise units for sale with the marketing of the Hilton, Oracle and Soul products.
Head of property for The Oracle Berrick Wilson has a more optimistic view of the market forecasts the 2012-13 summer months will provide “an additional boost to an already rejuvenated luxury apartment market”.
Oracle managed 100 new sale settlements in the 12 months since its relaunch in December 2011.
“With only 10 apartments sold at The Oracle in the 12 months prior to December 2011, and more than 100 apartments sold since at an average price of approximately $900,000, it’s fair to say the market has bottomed and buyers are continuing to capitalise by snapping up luxury stock,” says Wilson.
HTW does have a brighter outlook for the Gold Coast reporting that many agents are clearing much of their dated stock, however values are not set to rise in the short term.
Gold Coast rents have remained strong despite values declining, but this could change, with “many property managers reporting increases in vacancy rates”.
HTW recommends investors look at the following areas on the Gold Coast: <a target="_blank" href="/news">Southport</a>, <a target="_blank" href="/news">Labrador </a>and <a target="_blank" href="/news">Biggera Waters</a>, <a target="_blank" href="/news">Paradise Point</a>, and <a target="_blank" href="/news">Parkwood </a>/<a target="_blank" href="/news">Molendinar</a>.
Looking ahead, the assessment is that the Gold Coast will remain a buyers’ market in 2013 with losses suffered by existing property owners representing “excellent longer term opportunity for those ‘early adopter’ investors who can position themselves against the storm”.
“We still need to be wary of the unknowns, being the macro and micro economic situations, the mining industry and rental markets. There is no indication of any immediate changes in property values and we are predicting stabilisation for 2013,” says HTW.
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lschlesinger-FZcF9M3vE6

Sunshine Coast trumps Gold Coast in 2012 but both still buyers' markets: HTW

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Rainham, the ancestral residence of leading Australian real estate family the Raines, fetched $500,000 at its recent auction.
<img src="/images/stories/2012/10/rainham.jpg">
The Bathurst property sold to musical couple Richard and Suzy Miller, from Stanmore in Sydney. The couple also own a weekender at Rockley, an old parsonage purchased in 1972 that will shortly be put on the market.
Rainham was built in 1832 by Captain Thomas Raine, the father of Thomas Jnr, who co-founded Raine &amp; Horne with Joseph Horne in 1883.
Captain Raine, a mariner, was one of Australia’s earliest entrepreneurs, establishing Australia’s first whaling station at Twofold Bay in Eden on the NSW south coast.
“The listing of Rainham for the first time in 150 years generated a great deal of publicity and buyer enquiry, and it’s terrific this significant home sold at auction,” says selling agent John Fagan.
Fagan, from selling agency Raine &amp; Horne Bathurst, says Rainham attracted 60 to 70 enquiries and about 30 inspections.
Richard Miller plays the timpani in the Sydney Symphony Orchestra, and Suzy Miller is a retired flute player who now teaches.
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jchancellor-FAypfDUnLy

Rainham at Bathurst sells to Stanmore muso couple

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 The RP Data research team has compiled a list of where the best performing house locations were in 2012. 
Click to enlarge
<a href="/images/stories/2012/12/rpdec13.gif" rel="shadowbox" title="Click to enlarge"><img src="/images/stories/2012/12/rpdec13thumb.gif"></a>
Source: <a target="_blank" href="https://www.myrp.com.au/">RP Data</a>
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Peterborough and Port Hedland feature on RP Data's 10 top-performing house locations in 2012 

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The Queensland property market was showing early signs of improvement, the Bank of Queensland chairman Neil Summerson told the bank’s annual general meeting in Brisbane today.
Mr Summerson said economic conditions remained subdued but had stabilised.
“The bank is seeing some early indication that the downward movement in property values has started to reverse,” he said. 
But he added over the last month there had been commentary from various market participants and commentators including Stockland, Mirvac and the Insolvency and Trustee Service Australia, which reiterated the difficulties of 2012 for the State of Queensland.
"With over 60% of our business is sourced in Queensland, I would like shareholders to appreciate that this bank is unique in that no other listed bank in Australia has the same concentration of business as we have in this State.
"Notwithstanding the above, the Queensland State Government is predicting 4% growth over the next year.
"In addition, tourism numbers on the Gold Coast and the Sunshine Coast in the period from September to November were up substantially on the previous year and the current State Government has initiated various programs (the boost in first home owners grant for new homes, as an example) to stimulate the economy.
"Indeed, the Premier stated only last Friday that he thought that Queensland should see some positive economic signs within 12 months.
"In addition, the bank is seeing some early indication that the downward movement in property values has started to reverse.
“With borrowers better able to meet their mortgage commitments as a result of successive interest rate reductions, including that of last week, we have reason to be optimistic about recovery in the important housing market.”
"Unemployment is expected to rise modestly over the next two years.
"Combined with a shift in Australians saving more than ever, credit growth for the banking sector is expected to remain subdued.
"Nevertheless, we are expecting to deliver growth in top and bottom line and after the first three months of this financial year we are comfortably meeting our internal targets.," Mr Summerson said.
BoQ reported a $17.1 million loss in the 2012 financial year as it felt weakened economic conditions in Queensland.
With property prices especially on the Gold Coast and the Sunshine Coast falling, BoQ’s impaired loans doubled to $401 million over the year.
"Prior to 2008 the bank did not have a history of having large write offs for bad debts.
"The onset of the Global Financial Crisis saw this all change," he said.
Until 2011 thebBank only made specific provisions against its outstanding debts, but in February of 2011, with the full impact of the economic slowdown, Cyclone Yasi, and the Brisbane floods, the board considered it prudent to take an "economic overlay" in our provisioning of $32.5m.
"In early this year the board and management became aware of a continuing fall in property values particularly in Queensland.
"As over 60% of our business is in this State, the board decided to take an additional economic overlay of $175 million during the year to provide a buffer against falling property values," he said.
 
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BOQ sees brighter Queensland property market in 2013

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Photos allegedly showing cannabis growing in two pot plants in the backyard of a Henley Beach South house were inadvertently included in a real estate ad, drawing the attention of the police.
<img width="470" src="/images/stories/2012/12/potplant.jpg">
The plants showed up in photos while the house was advertised for sale.
Police attended the house with a search warrant yesterday and subsequently seized the cannabis plants and reported the tenant, a 28-year-old man.
In an unrelated case also in Adelaide’s western suburbs police searched a house at Woodville allegedly locating 55 cannabis plants growing hydroponically in four rooms of the house.
A 40-year-old man from Woodville was arrested and charged with cultivating a commercial quantity of cannabis and possess proscribed equipment.
Both men will appear in the Port Adelaide Magistrates Court at a later date.
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‘Pot’ plants in real estate ads bring Adelaide police to the open for inspection

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Lights, camera, action! Well, perhaps not within the court room. However, a three-day court hearing has been scheduled for May 2013 when the actor Toni Collette and her musician husband, David Galafassi, will be due in court being sued over their failure to settle on an alleged $6.35 million Paddington terrace purchase.
The May 13 to May 15 hearing date was scheduled this week by the duty judge in the NSW Supreme Court equity division.
In October 2011 the couple reputedly signed a contract to buy a double-fronted Paddington terrace from Susie Kelly, the co-founder and owner of Industrie clothing with her husband, Nick.
The Stewart Street house <a href="https://www.propertyobserver.com.au/https://www.propertyobserver.com.au/residential/actor-toni-collette-and-muso-david-galafassi-fall-for-the-charms-of-contemporary-inner-city-paddington/2011110752250" target="_blank" rel="nofollow">was snapped up</a> – quite early in its marketing campaign through McGrath agent Ben Collier. 
However the Paddington terrace has since been been resold for $5.5 million, so the entertainment industry couple face an $850,000-plus claim against them for the difference.
Designed by architect Anthony Gill and completed in 2009, the five-bedroom, four-bathroom house sits on a 360-square-metre block.
The entertainment industry couple made their alleged decision not to proceed with the Paddington purchase after they struggled to find a buyer of their <a href="/news">Bronte </a>house.
Their 1885 Bronte weatherboard cottage that cost $4.4 million in mid-2009 struggled to find a buyer despite being tipped to sell for around $900,000 less than their purchase price.
Collette and Galafassi instead bought back at Bronte, swapping homes with <a href="https://www.propertyobserver.com.au/title-tattle/actor-toni-collette-changes-her-mind-over-paddo-and-buys-again-in-bronte-title-tattle" rel="nofollow">the buyer of their own $3.5 million house</a>.
The Kellys bought on Kutti Beach at <a href="/news">Vaucluse </a>last March for $15.5 million, so incurred a land tax charge on the redundant Paddington property.
So their damages claim against the entertianment industry couple also includes a claim for $43,516 in state land tax and interest for four months.
The $6.35 million sale of <a href="https://www.propertyobserver.com.au/https://www.propertyobserver.com.au/residential/actor-toni-collette-and-muso-david-galafassi-fall-for-the-charms-of-contemporary-inner-city-paddington/2011110752250" target="_blank">the five-bedroom home </a>was allegedly due to be settled by late December 2011, but Collette's lawyer, David Carr, told the Kellys' lawyer in an email on New Year's Eve last year his clients intended "not to proceed" with the purchase.
Collette also sent an email to Nick Kelly on February 24, telling him the couple had decided to <a href="https://www.propertyobserver.com.au/title-tattle/actor-toni-collette-changes-her-mind-over-paddo-and-buys-again-in-bronte-title-tattle" target="_blank">buy another house in Bronte</a>. 
The Hollywood entertainment industry couple claim they do not have to pay the land tax that the Kellys were hit with given their move into a Vaucluse residence.
They also claim they dont have to pay the interest on the $6.35 million as there was no agreement to "complete the sale" by late December.
Collette and Galafassi are also arguing the vendors resold the property under value.
They claim the price ought to have been $6.25 million at auction, according to documents filed in the Supreme Court.
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Actor Toni Collette and musician husband, David Galafassi, have May 2013 court performance

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A two-tier unit and townhouse market is set to emerge in the NSW Riverina town of Wagga Wagga, with a number of new developments under construction aimed at the upwardly mobile and retiree end of the market, as the region benefits from economic growth and resource-related activity.
Located 450 kilometres from both Sydney and Melbourne, <a target="_blank" href="/news">Wagga Wagga </a>is NSW’s largest inland city, with a population of 63,500 people.
A recent Sydney Morning Herald report notes the development of a strong restaurant culture in Wagga Wagga, the launch of the National Art Glass Gallery and the city becoming a conferences hosting hub, with accommodation offerings such as Carlyle Suites featuring 21 upmarket suites and apartments.
In his column on Property Observer today, <a href="https://www.propertyobserver.com.au/new-south-wales/regional-property-markets-outperformed-capital-cities-in-2012-terry-ryder/2012121258440" target="_blank">Terry Ryder </a>names Wagga Wagga alongside <a target="_blank" href="/news">Dubbo</a>, <a target="_blank" href="/news">Tamworth</a>, <a target="_blank" href="/news">Gunnedah</a>, <a target="_blank" href="/news">Mudgee</a>, <a target="_blank" href="/news">Orange</a>, <a target="_blank" href="/news">Goulburn </a>and <a target="_blank" href="/news">Albury </a>as regional locations in NSW that he expects to outperform capital city markets.
"NSW is blessed with many strong regional centres that are a lot more affordable than Sydney and have provided much better capital growth over recent years," says Ryder.
Two of the biggest developments under construction in Wagga Wagga are the Mill Residence and The Grange Village, which will add 282 units and townhouses to the Wagga market by 2014- 2015.
<img src="/images/stories/2012/12/waggamill2.jpg">
The Mill Residence is being built on the historic Murrumbidgee Flour Mill site (pictured above), with the first stage consisting of 52 apartments ranging from modern two-bedroom apartments through to luxury penthouse apartments.
Two-bedroom units in The Mill Residences, being developed by Interlink Wagga Central, are priced from $360,000, with a three bedroom selling from $470,000.
“The higher prices asked by the developer of this project are a show of confidence in the Wagga market. Sales levels in this unique development will determine the strength of demand for luxury strata-titled product in this regional market," says PRDnationwide NSW analyst Oded Reuveni-Etzioni.
The Grange Village (pictured below) is being developed by Nash Bros Constructions and set within 22 hectares of landscaped gardens and is aimed at over-55 retirees featuring two- and three-bedroom villas.
<img src="/images/stories/2012/12/grangewagga.jpg">


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Another retiree community, Estella's Settlers Village, is expected to expand with new townhouse to be built with serviced apartments selling from $139,000 and self-contained villas from $259,000.
Both retiree developments come as the healthcare and retirement sector expands in the region, led by the Wagga Wagga Base Hospital redevelopment and an increase in the number of retirement units across the city.
The new developments are set to create a dichotomy between high- and low-end products, says Reuveni-Etzioni, with older villas remaining an affordable option to first-home buyers, investors and retirees.
In the past six months to September 2012, 45% of medium-density dwellings have sold for less than $200,000, while 47% of villas and units have sold in the $200,000 to $300,000 price range.
Sales in the $300,000-plus bracket averaged 12% of sales.
Reuveni-Etzioni says there is evidence of the region's economic growth across all major property sectors.
"The expansion of the [Bomen] Business Park is underpinned by a new oil refinery and an integrated oil-seed processing plant, while on the retail front a new Masters Warehouse has entered construction phase," he says.
“This stable and diversified economy provides employment for locals and attracts new residents from other parts of the state.”
In RP Data’s Rent vs Buy report, three Wagga Wagga locations are included where buying could be cheaper than renting.
These include <a href="/news">Lake Albert</a>, where the median unit rent is $275 per week and the median unit value is $196,000, <a href="/news">Ashmont </a>(median rent of $164, median value of $146,000) and <a href="/news">Tolland</a> (median rent of $162, median value of $137,000).
About 250 properties were flooded when the Murrumbidgee River burst its banks in early March this year.
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Luxury unit and retiree communities emerging in Wagga Wagga as local economic grows

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Residential property prices in Perth and Darwin could rise as much as 7% next year, but  little optimism is held by Australian Property Monitors' senior economist, Dr Andrew Wilson for Melbourne, Adelaide and Hobart.
Record immigration levels, housing shortages and rising rents will boost Perth’s potential, APM suggests.
APM expects the best capital growth to be in Darwin and Perth in 2013, with Wilson saying Sydney and Brisbane also look good leading into 2013.
He expects price growth between 3 and 5% for both cities.
Click to enlarge
<a href="/images/stories/2012/12/apmdec131.gif" rel="shadowbox" title="Click to enlarge"><img src="/images/stories/2012/12/apmdec132.gif"></a>
“APM expects investors will continue to be active in 2013 increasingly attracted to bricks and mortar investment by historically low interest rates and the prospects of capital gains – particularly focused on Sydney, Perth and Brisbane.
“Overall markets have stepped forward modestly into recovery in 2012, with the prospect of this trend continuing in most capital cities,” Wilson says.
Sydney’s inner-west, Canterbury-Bankstown and Hills suburban areas were tipped as areas to watch.
Despite Brisbane’s economy underperforming, prices there have stabilised and should improve. The apartment market should also perform well next year.
But capitals such as Melbourne, Adelaide and Hobart are expected to remain flat with little price growth.
Dr Wilson said markets would continue to be driven largely by localised factors such as job security concerns, cost of living pressures and state and federal government fiscal policies.
While local economic factors may constrain Melbourne’s middle market, APM expects the prestige market to continue building solid buyer momentum.
“[The year] 2013 should continue to build on the modest gains of the past year. However, the forthcoming federal election and the likelihood of a protracted campaign may result in some uncertainty amongst home buyers and sellers, with confidence already low,” he said.
APM says 2012 had been a positive year for the Australian housing market following a generally subdued period of buyer activity in 2011.
The national median house price rose by just under one percent over the 10 months to October 2012.
"Although the housing market performance in 2012 has been generally positive, results have nonetheless been mixed and patchy, with buyer and seller confidence remaining fragile.
"Capital city markets have responded mainly to local demand and supply drivers although the reduction in official interest rates from 4.75 percent in November 2011 to 3 percent in December 2012 has improved housing affordability and contributed to higher levels of buyer confidence.
"The cut in mortgage interest rates has however been offset by significant rises in the cost of living driven particularly by tight state and national government fiscal policies and increased energy costs," Wilson says.
"2013 should continue to build on the modest gains of 2013 however much will depend on the performance of the national and local economies.
"The December cut in interest rates to the lowest level on record should help get the market off to a good start to the year," Wilson says.
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APM expects property investors will be active in 2013, especially in Sydney, Perth and Brisbane

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The regions have outperformed the capital cities in 2012, with Sydney and New South Wales providing one of the best examples.
While Sydney house prices have barely budged this year – with the ABS, Australian Property Monitors, the REIA and RP Data all giving Sydney growth of around 1% in their various price measures for the 12 months to October – several of state’s regional centres have done much better.
<a href="/news">Dubbo</a>, <a href="/news">Orange </a>and <a href="/news">Mudgee</a> are among those that have performed solidly in the past 12 months, with median price growth in the 7% to 10% range.
Sydney’s underperformance is a long-term factor. It has been the worst of the capital cities for capital growth over the past 10 years.
A comparison with Brisbane illustrates how bad Sydney has been: the top suburb in Brisbane has a long-term growth rate of 14%, and most suburbs have double-digit growth rates. In Sydney, the best performer has averaged 7% and most have been between 4% and 5%.
Many of the upmarket suburbs have done worse than that: <a href="/news">Mosman</a>, median price over $2 million, has averaged 3.6% a year; <a href="/news">Longueville</a>, median price $2.3 million, has averaged 3.8%; <a href="/news">Vaucluse</a>, median price $2.7 million, has averaged 3.2% a year (which means it takes 23 years for values to double).
The best growth rate across Sydney has been achieved by humble <a href="/news">Canley Vale </a>(median house price $450,000) with a growth rate of 7% a year. <a href="/news">Cabramatta </a>($427,000) and <a href="/news">Canley Heights</a> ($440,000) also made the top five. Five of the top seven had median prices below $460,000.
Many regional centres have done much better than Sydney over the past decade. <a href="/news">Gunnedah</a> and <a href="/news">Lismore</a>, for example, have averaged 12% a year, <a href="/news">Singleton</a>, <a href="/news">Branxton</a>, <a href="/news">Yass </a>and <a href="/news">Casino </a>have managed 11%, while <a href="/news">Scone </a>and <a href="/news">Muswellbrook </a>have recorded an average of 10%.
Sydney will do better in 2013. Recent figures show the first glimmers of recovery in Sydney, with moderate growth in average prices and rentals. I’m expecting to this to carry into 2013 and become stronger.
But the best prospects will continue to be found beyond the state capital. NSW is blessed with many strong regional centres that are a lot more affordable than Sydney and have provided much better capital growth over recent years.
Ones I expect to continue achieving include Dubbo, Tamworth, Gunnedah, Mudgee, Orange, <a href="/news">Goulburn</a>, <a href="/news">Albury</a> and <a href="/news">Wagga Wagga</a>.
Dubbo presents a typical case. It’s the regional centre for an important region, it has a substantial and growing population, its economy has strength and diversity, its council is energetic and proactive, money is being spent on infrastructure, and there is a growing influence from major resources projects.
As a bonus for investors, houses are affordable (median price $275,000). Dubbo presents the win-win-win situation that attracts me to solid regional centres, compared with capital cities: cheaper prices, better rental returns and strong prospects for ongoing capital growth.
Terry Ryder is the founder of <a href="https://www.hotspotting.com.au/" rel="nofollow" target="_blank">hotspotting.com.au</a> and can be <a href="https://www.twitter.com/hotspotting" rel="nofollow" target="_blank">followed on Twitter</a>.
For more, watch Terry's free webinar <a target="_blank" href="/news">Regions vs capital cities: Where to invest in 2013</a>
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terryryder-YECXbqmri2

Regional property markets outperformed capital cities in 2012: Terry Ryder

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Jeremy Clarkson and James May from Top Gear UK chose to relax at the Western Australian beach house Solitude in 2011 – and you can, too.
Solitude is located on 1,200 square metres of prime <a target="_blank" href="/news">Lancelin </a>beachfront and is one of only five beachfront homes in Western Australia available for rent. There are reportedly just 58 absolute beachfront homes in WA.
The home with a reputed $5 million value is located 80 minutes north of Perth on Gingin Road and can accommodate up to 10 in its six bedrooms.
With a heated beachfront pool, designer kitchen, media room and the Indian ocean at your doorstep, this tranquil setting is available to rent the week before December 21.
A holiday before December 21 will set you back $17,500 for the minimum seven-night stay.
Solitude is owned by Perth businessman Kym Illman and is part of his Dream Holiday Home chain.
Illman also owns Nautica on Palm Beach and Aqua Villa and Paradiso on the Gold Coast in Queensland.
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