<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>

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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Londoners thinking of buying in Australia have been advised to “rent for a month in the Australian winter (August) before you take the plunge”.
<a href="https://www.telegraph.co.uk/property/expatproperty/9079796/Relocating-to-Australia-Britons-head-for-the-high-life-Down-Under" target="_blank">The Telegraph</a> has warned its readers that “it isn’t always hot and sunny”.
Australia is the UK’s top destination for moving abroad, and writer Jan Etherington is apparently sorely tempted to join the exodus after her son and his girlfriend moved to Australia six years ago and stayed.
“Since then they have married, had two daughters and settled half an hour away from Sydney’s glorious harbour bridge – albeit the home is a bit of a squeeze.
“As we sit on Bondi Beach, I hear myself say, ‘This is exactly how we like to live. Why are we going back to Britain?’”
Jan Etherington, the British writer and producer came to prominence as creator and writer of Second Thoughts along with her husband Gavin Petrie.
She’s recently also been weighing up “the possible downsides of a move to this beguiling distant land.”
Her writing credits also include Next of Kin, Faith in the Future and Duck Patrol.
“Most people think of Australia as a year-round sun-kissed paradise.
“It’s not the case. Australian summers can be fiercely (and wonderfully) hot, but winters as dull and grey as Britain,” she says.
“And there’s no real spring or autumn, which friends insist we would miss.”
She’s given thoughts to contributing to the family’s Australian property pot, so that they all can buy a house with extra room for everyone.
Etherington’s Richmond house is for sale for £1.39 million through <a href="https://johndwood.co.uk" target="_blank">John D Wood.</a>
Her no-worries guide to buying in Oz
1. Buyers from abroad must obtain consent from the Foreign Investment Review Board (firb.gov.au).
2. Foreign non-residents can only buy new properties subject to approval. To buy an established home you need a temporary resident’s visa of at least 12 months.
3. Where to buy Sydney’s bigger beaches, such as Bondi and family-friendly Coogee are ringed by smart new apartments. They all face the Pacific and are priced from around £900,000. You’ll get more for your money by going south. Kingsford and Randwick are walking distance from Coogee. A one-bedroom apartment starts from £275,000.
4. If you want an older property, take a look at the ornate Federation houses, built just before the First World War. These are Australian versions of the English Edwardian home. Following the Second World War bungalows sprang up – plainer, but still pretty.
5. View potential properties online at domain.com.au.
6. Consider a buying agent such as Stuart Jones (roseandjones.com.au), who advises property guru Phil Spencer. The charge is around £10,000 to £15,000 on a £700,000 home, but a good buying agent is worth the money.
7. Find out if you’re eligible for an Australian retirement visa (visabureau.com/australia). This lasts for four years. You must be 55-plus and have private health insurance.
8. New apartments include 10 per cent GST (equivalent to VAT) in the sale price. There is no GST on older properties. Buyers also pay stamp duty – allow five per cent of the purchase price. Visit britzinoz.com.
9. Rent for a month in the Australian winter (August) before you take the plunge. It isn’t always hot and sunny.
 
 
 
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jchancellor-FAypfDUnLy

Londoners considering buying Australian property warned it’s not always sunny Down Under

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The Queensland property at 121 Treasure Island Avenue, Karragarra Island, made its debut on SQM Research's top 10 most discounted properties list last week  – and now its neighbour has appeared in the number-one position on the list.
The property at 60 Treasure Island Avenue has had its price hopes slashed from $295,000 to $185,000 this week. It was initially listed with price hopes of $349,000 in October 2010.
<img src="/images/stories/karragarra.jpg">
Its neighbour 700 metres down the road, 121 Treasure Island Avenue, was also put on the market in October 2010, and both are marketed by T. Barclay Real Estate.
Click to enlarge
<a href="/images/stories/karragarraisland.jpg" rel="shadowbox" title="Click to enlarge"><img src="/images/stories/karragarraislandthumb.jpg"></a>
"INSANE PRICE! GRAB IT NOW - THIS REALLY IS THE BARGAIN OF A LIFETIME. This is a ridiculous low low price - around $100,000 under what it is worth," says Terri Barclay in 60 Treasure Island Avenue's marketing.
{qtube vid:=54H1z9r5_00}
The agency made a video advertising the property (above) while it was for sale with price hopes of $295,000.
Karragarra Island is adjacent to Macleay Island, <a target="_blank" href="https://www.propertyobserver.com.au/hotspots/vendors-of-heavily-discounted-properties-often-misjudge-the-market-sqm/2012020953301">home to the most discounted property in Australia last week, 92 Beelong Street</a>. The Treasure Island properties are within half an hour's drive of 92 Beelong Street.
 
1
<a target="_blank" href="https://www.realestate.com.au/property-house-qld-karragarra+island-106858585">60 Treasure Island Avenue, Karragarra Island, Queensland,4184</a> (pictured)
On the market since: October 3, 2010
Initial asking price: $349,000
Current asking price: $185,000
Reduction: 47%
Days on market: 489
 
 
<h2 style="font-size: 18px; line-height: 21px;"></h2>
<h2 style="font-size: 18px; line-height: 21px;">2</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106479016">92 Beelong Street, Macleay Island, Queensland, 4184</a>
On the market since: May 23, 2010
Initial asking price: $590,000
Current asking price: $340,000
Reduction: 42%
Days on market: 622
 
 
3
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008940771" target="_blank">102 Fountain Road, Burpengary, Queensland, 4505</a>
On the market since: April 17, 2011
Initial asking price: $1.2 million
Current asking price: $699,000
Reduction: 42%
Days on market: 295
 
  
4
<a href="https://www.realestate.com.au/property-house-qld-karragarra+island-106914618" target="_blank">121 Treasure Island Avenue, Karragarra Island, Queensland, 4184</a> 
On the market since: October 23, 2010
Initial asking price: $335,000
Current asking price: $200,000
Reduction: 40%
Days on market: 469
 
 
 
<h2 style="font-size: 18px; line-height: 21px;">5</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008421301" target="_blank">27 Reeve Street, Campania, Tasmania, 7026</a>
On the market since: June 14, 2010
Initial asking price: $330,000
Current asking price: $200,000
Reduction: 39%
Days on market: 603
 
 
<h2 style="font-size: 18px; line-height: 21px;">6</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106866439" target="_blank">329 Waterford Road, Ellen Grove, Queensland, 4078</a>
On the market since: October 16, 2010
Initial asking price: $1,275,000
Current asking price: $800,000
Reduction: 37%
Days on market: 476
 
<h2 style="font-size: 18px; line-height: 21px;">7</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106364068">22 Fenton Avenue, Christies Beach, SA, 5165</a>
On the market since: March 6,  2010
Initial asking price: $1,195,000
Current asking price: $750,000
Reduction: 37%
Days on market: 700
 
8
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008729828">2/18 Campbell Crescent, Terrigal, NSW, 2260</a>
On the market since: December 11, 2010
Initial asking price: $1.99 million
Current asking price: $1.25 million
Reduction: 37%
Days on market: 420
 
<h2 style="font-size: 18px; line-height: 21px;"></h2>
<h2 style="font-size: 18px; line-height: 21px;">9</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2007193295">290 Viveash Road, Swan View, WA, 6056</a>
On the market since: June 5, 2008
Initial asking price: $2.29 million
Current asking price: $1.45 million
Reduction: 37%
Days on market: 1,341
 
<h2 style="font-size: 18px; line-height: 21px;">10</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106211228" target="_blank">15 Gretel, Two Rocks, WA, 6037</a>
On the market since: December 26, 2009
Initial asking price: $1.1 million
Current asking price: $699,000
Reduction: 36%
Days on market: 770
 
<h2 style="font-size: 18px; line-height: 21px;"></h2>
 
<h2 style="font-size: 18px; line-height: 21px;"></h2>
SQM Research also offers a list of the <a href="https://www.sqmresearch.com.au/top100bargains.php" title="SQM Research" target="_blank">Top 100 Biggest Bargains in Australia </a>for sale.
 
 
 
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cknowlton-QnEa6ntUYP

Two of four most discounted properties in Australia are Treasure Island neighbours

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The number of estate agencies the NSW Office of Fair Trading has investigated for misusing trust account money has doubled in the space of a year, according to research by Property Observer.
During the September 2011 quarter a summary of compliance and enforcement results show there were eight enforcements made against estate agencies for trust account misappropriation or trust account irregularities.
During the September 2010 quarter there were only four enforcements made against estate agencies.
Between these periods, enforcements have been steadily rising, with four issued in the December 2010 quarter, five in the March 2011 quarter and seven issued in the June 2011 quarter.
Figures have not yet been published for the December 2011 quarter.
The figures coincide with a tougher trading environment for real estate agencies.
The latest ABS business entry and exit figures show that survival rates of real estate business are declining.
Only 67.8% of “rental, hiring and real estate services” businesses survived until June 2011 (out of those that were operating at the start of the financial year) compared with a survival rate of 87.8% in 2007.
There also appears to be a rise in the number of Fair Trading investigations into estate agencies over trust account misuse.
In the past seven months Fair Trading has announced investigations into three prominent real estate businesses –<a href="https://www.propertyobserver.com.au/industry-news/missing-%241-million-trust-funds-prompts-fair-trading-investigation-into-warilla-agency-dougmal-harcourts/2012020153210" target="_blank">Dougmal Harcourts </a>(Warilla), <a href="https://www.propertyobserver.com.au/industry-news/lj-hooker-surry-hills-office-relied-on-advances-to-help-cash-flow/2011111052295" target="_blank">LJ Hooker Surry Hills</a> and Belle Property Byron Bay – all relating to allegations of trust account deficiencies.
The <a href="https://www.propertyobserver.com.au/industry-news/lj-hooker-terminates-pymble-franchise-office/2011090151388" target="_blank">LJ Hooker Pymble</a> office has also been the subject to an Office of Fair Trading investigation, the outcome of which is also unknown.
By comparison, Fair Trading did not announce any such investigations for the prior 18-month period dating back to January 2010.
A spokesperson for Fair Trading told Property Observer investigations into these three businesses are ongoing.
In the case of Dougmal Harcourts, more than $1 million is unaccounted for in the agency’s trust account; while $550,000 is missing from Belle Property Byron Bay. The exact amount missing at LJ Hooker Surry Hills has not been disclosed.
Among the monies held in estate agents trust accounts are deposits on sales, residential bonds paid in cash, rents and prepaid advertising.
Monies are lodged in trust accounts in order to be protected. Agents are not allowed to use money in trust accounts for their own purposes.
Interest accrued on trust account monies is used by Fair Trading to make compensation payments to wronged consumers.
“Trust account laws are there and agents need to be aware of them,” NSW Fair Trading Deputy Commissioner Steve Griffin warns in an education video put out by the watchdog.
“They must bank money the next day or if they have bonds they must lodge them with Fair Trading within seven day,” he says.
Agents risk a maximum penalty of 10 years’ imprisonment for breaching trust account laws. The maximum fine is $55,000 as well as the risk of losing their real estate licence and their livelihood.
For 2010-11 most agents must have lodged an audit of their trust account with the director-general by no later than September 30.
Failure to lodge an audit can result in a licensee being disqualified from holding a licence and possibly prevented from renewing their licence.
Under NSW property law, agents are required to hold clients’ funds in a trust account kept at an authorised deposit-taking institution and approved by the director general. They must also notify the lender that it is a trust account required under the Property, Stock and Business Agents Act 2002.
Fair Trading says it has not noticed any increasing trend or spike in real estate office investigations.
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lschlesinger-FZcF9M3vE6

More agents putting their hands in the cookie jar as businesses struggle

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Sydney and Melbourne have each moved down one place on the Worldwide Cost of Living Survey, now ranked seventh and eighth respectively, just below Oslo and Paris.
The strong Australian dollar has kept the Australians high on the list, which is topped by Zurich, according to the The Economist Intelligence Unit Worldwide Cost of Living 2011 report.
“Local inflation in mature markets always has far less influence on the relative cost of living than the currency movements of the countries in question. This also explains the recent presence of Australian cities like Sydney and Melbourne in the 10 most expensive locations as last year saw the Australian dollar pass parity with the US dollar from holding half that value a decade ago,” the report said.
As the report measures things in US dollars and doesn’t take into account local salaries, the report is used to calculate the cost of living for expatriates rather than the cost for locals.
“[The report is used to] calculate cost-of-living allowances and build compensation packages for expatriates and business travellers.”
Just three years ago, Sydney and Melbourne were ranked 32nd and 38th respectively.
According to the report, the cost of a bag of rice has increased 25% in Sydney and 34% Melbourne since last year, while petrol increased 40% in both Sydney and Melbourne. Bread went down 35% in Melbourne and up 40% in Sydney.
The top end of the list has been increasingly populated by Asian cities.
“Singapore’s presence in the top 10 highlights a shift away from western Europe towards Asian hubs. Cities from the Asia Pacific region (including Australasia) now make up half the ten most expensive.”
“That said, western Europe still accounts for 24 of the most expensive cities in the top 50, with 14 hailing from Asia.”
Some traditional European hubs have weathered the eurozone crisis, with Frankfurt and Paris staying in the top 10.
Zurich surged four places to the top of the list due to currency investors moving away from the Euro and into the Swiss Franc, according to the report.
“Investors looking for a haven currency outside the beleaguered Eurozone have invested heavily in the Swiss Franc, prompting an unprecedented move by the Swiss government to peg the Swiss Franc to the Euro to keep the currency competitive.”
Karachi was rated the world’s cheapest city for expatriates, closely followed by Mumbai and Tehran.
India held three places in the ten cheapest cities, showing why it has been such a target of labour outsourcing the report says.
The presence of many Middle Eastern cities in the 10 cheapest was due to price controls and the pegging of currencies to the US dollar.
The presence of Asian cities at the bottom end of the list had a more structural basis, with cheap labour and land costs making India and Pakistan incredibly attractive to those bargain-hungry visitors or investors willing to brave some of the security risks that accompany such low prices, especially in Pakistan.
 
 
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awalsh-7Ub9EypybQ

Sydney and Melbourne in top eight most expensive cities in the world for travellers

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Nearly half (46%) of Australians living out of the country have invested their earnings in property back home, according to the fourth annual HSBC Expat Explorer survey. 
In addition, 32% of expats living in Australia have also invested in Australian real estate despite Australia ranking 20th out of 31 on the survey’s league table of levels of disposable income. 
According to this measure of the survey, expats working in oil-rich Saudi Arabia, Russia and Qatar earn the highest levels of disposable income. 
The closest destination for Australian expats offering high levels of disposable income is Singapore, an eight-hour flight from Sydney, which ranked sixth out of 31 countries. 
Expat income: Where to save for your Australian property investment while working abroad? 
<table cellpadding="0" cellspacing="0" border="1"><tbody>
<tr>
<td valign="top" width="111">
Disposable income rank
</td>
<td valign="top" width="161">
Country
</td>
</tr>
<tr>
<td valign="top" width="111">
1
</td>
<td valign="top" width="161">
Saudi Arabia
</td>
</tr>
<tr>
<td valign="top" width="111">
2
</td>
<td valign="top" width="161">
Russia
</td>
</tr>
<tr>
<td valign="top" width="111">
3
</td>
<td valign="top" width="161">
Qatar
</td>
</tr>
<tr>
<td valign="top" width="111">
4
</td>
<td valign="top" width="161">
Egypt
</td>
</tr>
<tr>
<td valign="top" width="111">
5
</td>
<td valign="top" width="161">
Bahrain
</td>
</tr>
<tr>
<td valign="top" width="111">
6
</td>
<td valign="top" width="161">
Singapore
</td>
</tr>
<tr>
<td valign="top" width="111">
6
</td>
<td valign="top" width="161">
Thailand
</td>
</tr>
<tr>
<td valign="top" width="111">
8
</td>
<td valign="top" width="161">
Vietnam
</td>
</tr>
<tr>
<td valign="top" width="111">
9
</td>
<td valign="top" width="161">
United Arab Emirates
</td>
</tr>
<tr>
<td valign="top" width="111">
9
</td>
<td valign="top" width="161">
Switzerland
</td>
</tr>
<tr>
<td valign="top" width="111">
17
</td>
<td valign="top" width="161">
US
</td>
</tr>
<tr>
<td valign="top" width="111">
20
</td>
<td valign="top" width="161">
Australia
</td>
</tr>
<tr>
<td valign="top" width="111">
20
</td>
<td valign="top" width="161">
Canada
</td>
</tr>
<tr>
<td valign="top" width="111">
24
</td>
<td valign="top" width="161">
UK
</td>
</tr>
</tbody></table>
Source: HSBC Expat Explorer survey 
The survey found that more than one third (35%) of Australian expatriates are earning more than US$201,000, compared with just 25% of expats of any nationality. 
In addition, 74% of Australian expats overseas report a higher disposable income now that they are overseas (compared with 70% overall). 
Graham Heunis, head of retail banking and wealth management for HSBC in Australia, says the Australian pursuit of “wealth through property has clearly not been lost on Aussies overseas, with expats living in Australia also competing for property in the local market here”. 
The survey found that half of Australian expatriates make their own investment decisions, with more than half of these relying on family and friends for financial advice. Less than half (48%) have a financial advisor, 44% use their bank and 39% rely on the media. 
Heunis says Australian expats appear to be “downturn defiant”. 
“Despite the global and social volatility going on in parts of the world at the moment, Australian expats appear to be financially resilient with higher disposable incomes compared to back in Australia.” 
Expats living in oil-rich Saudi Arabia are the wealthiest and have the highest levels of disposable income, according to the survey. 
Overall, nearly three-quarters (71%) of the 3,385 expats surveyed from more than 100 countries reported earning more since relocating to a new country. 
About 15% of Australian expats are actively looking or at least thinking about a move back to Australia, slightly higher than the global average of 14%. 
One-third (33%) of Australian expatriates overseas noted a deterioration in the political or wider social situation in their host country.
 
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Downturn-defiant expats putting their $201,000-plus earnings into Australian property: HSBC

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Nearby mining activity, solid infrastructure, an airport and country living are some of the reasons the NSW country town of Orange is turning into a veritable river of residential property gold.
Orange, about 260 kilometres north west of Sydney, recorded 921 property sales over the course of 2011 worth $270 million, ranking 54th on <a href="https://www.propertyobserver.com.au/residential/mosman-heads-top-100-list-with-kew-paddington-and-castle-hill-climbing-the-ranks-and-hope-island-and-vaucluse-tumbling/2012021453376" target="_blank">RP Data’s list of the top 100 suburbs with the highest aggregate of sales in 2011</a>. Orange ranked at number 144 in 2010.
The vast majority (781) of these sales were houses, with the median price of an Orange house now standing at $296,000. The median unit price is $217,000.
House prices in Orange have been booming, with the town experiencing about 4% house price growth for the year to September 2011, according to the latest ANZ Housing report, the strongest capital growth of all NSW regional areas.
According to RP Data, houses are selling at an average discount of 6.1%, with an average time on market of 110 days. However, RP Data says house prices remained flat over 2011, having experienced strong growth over the two preceding years.
Orange has also attracted its fair share of those seeking a lifestyle change and also taking advantage of the <a href="https://www.propertyobserver.com.au/residential/no-rush-yet-for-sydneysiders-to-move-to-the-sticks-despite-%247000-government-carrot/2011101151892" target="_blank">NSW government’s regional relocation grant</a>, which provides a one-off payment of $7,000 to assist home buyers with the cost of relocating from their metropolitan home to a regional home.
About 600 Sydneysiders relocated to Orange, according to James Treloar, former Tamworth mayor and spokesman for Evocities, a campaign comprising the cities of Albury, Armidale, Bathurst, Dubbo, Orange, Tamworth and Wagga Wagga aimed at encouraging capital city residents to move to and invest in one of these regional cities.
<img src="/images/stories/orangechart.gif">
Source: ANZ
Orange is one of the regional economies that is benefiting from mining activity, according to the February property market report from valuers Herron Todd White.
According to the valuation firm, the shortage of available rental property is so severe that motel occupancies are running at a 90%  – an extremely high number for a regional town.
“Orange is experiencing a rental housing shortage, with motel occupancies running at around 90%,” HTW says.
The boom in house sales and values in Orange is being partly driven by a number of nearby mining projects under construction.
“Construction of the Cadia East Gold Mine is nearing completion and will become the largest underground mine in Australia, at a cost of approximately $1.9 billion.
“The expansion will prolong mining in the valley for the next 30 years,” says Herron Todd White.
Construction of the mine will finish around April 2012, when an estimated 1,000 contract workers will be stood down.
“This should result in more normal market conditions with a permanent mine workforce of around 750 to 800 people. What impact the mine will have remains to unclear,” says Herron Todd White.
A November report by PRDnationwide noted that the Orange municipality was one of the strongest-performing NSW rental markets, with the mining activity in the Cadis Valley “responsible for much of the growth in rental prices”. 
“While the median rent price for a three bedroom house in the region increased 15.8%, rent for two-bedroom units rose 18.8% in the 12 months to September 2011 resulting in a median weekly rent of $238,” says PRDnationwide.
 
<img src="/images/stories/orangechart2.gif">
<img src="/images/stories/orangechart3.gif">
Orange is one of the hotspot picks of <a href="https://www.propertyobserver.com.au/new-south-wales/nsw-city-of-orange-offers-opportunities-for-investors/2011121952894">Sam Saggers from Positive Real Estate</a>.
He describes Orange as one of the new “boom” mining towns and recommends investors look at properties under $300,000.
He says the market is offering both high capital return and high capital growth – “that anomaly does not align itself all that often, so you have a great opportunity for both in Orange”.
In addition to the benefit of mining activity, Orange is also one of those regional markets with good infrastructure and transport connections to major capital cities.
Raine and Horne CEO Angus Raine says baby boomers will look to buy in towns like Orange (as well as Tamworth and Port Macquarie), because they have “airports that make it easier for friends and families to visit”.
Orange is one of Raine’s “breakout” markets to watch in 2012 because of its standing as a “transport hub town”.
Orange also has one of Australia’s best wine districts, with local wines regularly winning national and international awards and is considered a regional gourmet food capital.
In addition, Orange is home to Schools of Agriculture and Health of Charles Sturt University.
Peter Fisher from the Property Shop Orange is selling a three-bedroom house in Emily Place for $279,000, listed just before Christmas.
<img src="/images/stories/orangehouse.jpg">
He describes the property (pictured above) as a “great starter home or investment”. It is currently being rented at $330 per week, equating to a yield of 6.15% at the current asking price.
It last sold for $199,000 in June 2003.
However, investors should exercise a fair amount of caution in Orange.
Orange, along with Dubbo and Broken Hill in the state's far west, were some of the regional centres hard hit by foreclosures, according to Supreme Court writ figures released in January.
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Hotspot: Mining and transport links make Orange a sweet prospect for investors

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Les Flots Bleus, the clifftop Shelley Beach, Manly, property that set the suburb's then residential record in 2007, has been listed for sale by home economist Jane Fitton-Williams, the relatively low-key cookery expert and author of Foolproof Food.
It has been offered for March 10 auction through Jake Rowe from McGrath, who secured its $6.75 million sale in 2007.
Rowe says there has been an inspired “re-imagining” of the traditional three-storey period home since its sale.
He suggests the UK-bound Fitton-Williams has created a sumptuous world-class designer retreat.
It has four bedrooms and three bathrooms.
It stands with views over the Fairy Bower point surf break, Shelly Beach up towards Manly Beach and beyond to the Central Coast.
The 696-square-metre block comes with poolside entertainment space with kitchenette and bathroom.
Its deluxe kitchen comes with AGA stove, butler’s pantry and cool room.
Hailing from England, Fitton-Williams is a skilled AGA demonstrator who can be booked for one-on-one demonstrations of the iconic stove.
Its previous owner was InterStrat strategic marketing company founder Professor Linden Brown, who bought and built the house for $1.43 million in 1997 and then paid the leasehold renewal, which cost about $550,000.
Manly’s latest residential house record was set last year when haircare industry entrepreneur Susan Starling sold her house for $10 million to Craig Butcher, having initial $12 million expectations in 2008. The three-storey Addison Road harbourfront house sold through Elders agent Luke Newby, in conjunction with McGrath agent Jake Rowe.
 Jake Rowe has been telling buyers that he expects $7 million plus for his latest listing based on the last recent comparable sale of $8 million in June 2010.
"The house is ideal for a small family or a couple as the main home is now three bedrooms, and there is a separate granny flat beneath the garage which would be good for an older child or a guest," he advises'.
"The position on the cliff side is about as good as it gets in terms of the view."
 
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Home economist lists record-setting Fairy Bower Manly property: Title Tattle

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A former Bankwest customer who says the bank's actions in calling in two loans "ruined" his family and his business has detailed his reasons for signing up to a mooted class action that accuses the bank of improper lending and recovery practices after its takeover by the Commonwealth Bank during the GFC.
Peter Randles, a property developer from Western Australia's North Fremantle, says he is signing up to a mooted class action run by the law firm Slater &amp; Gordon and funded by IMF after the bank's actions caused him to almost lose his family home. He says he is very confident the class action will proceed.
Randles says he and his wife had two accounts with Bankwest: one residential and one commercial. After working two years on an apartment development, Randles says he was told by Bankwest in 2008 that its parent HBOS had no money for development and he should refinance elsewhere.
Randles says after getting approval from the Commonwealth Bank to pay out a home loan account to the tune of $3.2 million, he was told by Bankwest that it wanted both loans paid in full.
Randles says he was informed by the bank that they were in default in July 31, 2008, and over the next two years, the interest rate on the combined loans averaged 18%, after being informed by the bank that they were in default.
The Randles lost their home in April 2010, and their properties were put up for auction by the bank in the middle of last year. ANZ then came forward with a last-minute refinance offer for the $7.5 million debt, with about one-third – $2.4 million – accumulated interest.
"The basis of our claim is by not accepting the full payout on our residential account, and we'd had that account for 20 years, we want all for our penalty interest back. The domino effect for not accepting that payment is ruinous," Randles says.
But Bankwest says it strongly denies the allegations.
"Due to the GFC and the broader economic environment property values and property development in general suffered between 2008 and 2011," a spokesperson said.
"Bankwest assisted many customers through this period and continues to do so."
"Bankwest has over a million customers and over the past 18 months has had the largest increase in customer satisfaction of all banks across Australia."
The comments follow confirmation from Van Moulis, commercial litigation lawyer at Slater &amp; Gordon, that he is working on due diligence on behalf of a group of dozens of aggrieved borrowers, primarily property developers.
Bankwest was eventually purchased by CommBank for $2.1 billion in December 2008; the complaints of the property developers centre on sudden demands for payment and excessive interest payments after that deal.
A Sydney property developer, Guy Goldrick, has argued that a provision allowing CommBank to claw back bad and doubtful debts from HBOS led the bank to make harsh decisions on loans.
In documents from IMF, managing director Hugh McLernon says while "little is known" about an agreement allowing CommBank to claw back part of the purchase price for Bankwest from the vendor, "what is clear is that CBA called upon the warranty and was paid some $200 million".
"At the same time some commercial developer clients of Bankwest believe they were hard done by when Bankwest revaluated their security and called up their loans in the period after CBA took control of Bankwest," McLernon writes.
"If there was a time limit and if CBA had to call up the loans or take some enforcement action within that limited time in order to get the advantage of the warranty and if that warranty was unlimited, then there is some risk that the CBA has been enthusiastic in its quest to have Bankwest identify and take action against commercial property developers whose loans were within the categories set out in the warranty."
He also notes that Bankwest's statement of financial position, which detailed money owed to them from the Reserve Bank, and other banks and financial institutions, shows that the amount of money pouring into Bankwest soared from zero in July 2008, to $29 million the following month, before swelling to $3.752 billion in December 2008.
The Reserve Bank has told The Age that it had $55 billion deployed helping Australian banks with liquidity by the time of CommBank's takeover of Bankwest, but declined to say whether Bankwest was one of its recipients.
The takeover of Bankwest has already been the subject of an inquiry, although Nationals Senator John Williams has recently flagged an interest in a Senate inquiry into bank practices, following complaints from constituents that loans were being pulled without warning and leading to assets being sold at fire sale prices.
This article originally appeared on <a href="https://www.smartcompany.com.au/index.php" target="_blank">SmartCompany</a>.
 
 
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WA property developer joins the Slater & Gordon class action against Bankwest

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The former Palm Beach home of Tony Morris, ex-principal of GP Noble, one of Britain's largest pension schemes, has been listed for March 20 sale by his bankruptcy trustee Andrew Wily.
Morris, who was extradited from Sydney last April to face charges of defrauding the fund, paid $7.45 million in 2006 for the clifftop property he named Aman.
Peter Gosnell’s Sydney Insolvency News reported last October that Wily had been appointed trustee in bankruptcy to the estate of Tony Morris after Morris failed to pay $50,000 in legal fees owed to his lawyers, HWL Ebsworth. Morris’s insurance policy indicated jewellery with a replacement value of $5 million was kept on the Palm Beach premises.
Wily subsequently took possession of the safe's contents, which included a platinum ladies’ ring with a seven-carat diamond, diamond earrings valued at $200,000 and other high-end pieces from Phillip Street jewellers.
A man's ring with a replacement value of $2 million was missing, and Morris has since said he lost the ring while working on a farm in New Zealand.
The mortgage, currently running at $25,000 a month, has the National Australia Bank owed about $5.2 million and accumulating penalty interest.
Valuations for the property mentioned in court last year ranged from $6.2 million to $6.5 million, a fair way shy of the $7.4 million Morris paid in 2006.
David Egan of Raine &amp; Horne <a target="_blank" href="https://www.realestate.com.au/property-house-nsw-palm+beach-109585431">is marketing the property</a>.
Morris was initially under investigation for a £52 million ($86 million) fraud with creditors and British police searching for missing funds, but investigators have subsequently recovered $50 million of the funds.
In a 2010 interview with Channel Seven at his clifftop home Morris has said he was innocent and would return to England to speak to police to clear his name.
"I've got a lot to lose, a lot to lose. I'm confident I won't be charged but that's what terrifies me," he said.
The Australian Federal Police, as Interpol's representatives, had been asked to assist the Serious Fraud Office with inquiries into Morris.
The central allegation made at the hearing was that GP Noble and a trustee firm identified only as BDC paid money that had been held in the trusts of 29 pension schemes into investments that were not within the trustees' investment powers.
It was alleged that two directors of GP Noble and BDC, Mr Pitcher and Mr Cordell, were "dishonest" and that Morris was a "dishonest accomplice".
The north-facing property, which is situated on the top of a cliff at the northern end of Whale Beach, had been the subject of a “soft sell” marketing campaign late last year after Wily and Morris’s wife, Vanessa Jackson, found common ground over inspection times that suited the nap times of the couple’s two-year-old child.
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Bankruptcy trustee lists ex-GP Noble boss Tony Morris’ former Palm Beach home as Morris faces fraud charges 

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It was in 1996 when a pretty, double-fronted Victorian then unrenovated eight-room Caroline Street, South Yarra brick-and-timber house last sold.
Its selling agent Philippe Batters was just about to knock the hammer down the house when a woman stopped the auction to ask the highest $645,000 bidder, “Are you going to develop it? We are neighbours, and we want to know".
The answer was duly given and now the lovely time capsule has returned to the market with its Peter Carmichael redesign by the Liberman family for all to inspect. The light-filled house, with open-plan living and dining areas and adjacent outdoor entertaining spaces, comes with many modern features including Scandinavian myrtle floors and hydronic heating.
Offers are due on the house, which sits on an 895-square-metre block, by February 28 through Darren Lewenberg and Gowan Stubbings at Kay &amp; Burton.
The modern home behind its Victorian façade was briefly listed last July through Justin Long at Marshall White with $4 million-plus hopes, which were revised to $3.75 million plus.
Set on an 1840 subdivision, the lot first sold in 1854 for £200. The 1870s the brick additions to the earlier cottage were made for grocer George Walker, who’d purchased the property for £600 in 1870. It’s believed Walker also added the Italianate front wing with its polychromatic brick and twin bay windows.
<img src="/images/stories/caroline.jpg">
The house was bought by Major-General Walter Adams Coxen before World War II, and he gave it the name it still bears in honour of his birthplace in Surrey, England. It was his daughter, Adelaide ``Marmie" Coxen, 85, who was its 1996 vendor, having set a reserve of $500,000.
Walter Adams Coxen was educated in Australia and had a distinguished record, being ADC to the King between 1920 and 1927, the Chief of Artillery from 1921 to 1924, 2nd Chief of the General's Staff from 1930 to 1934, Quartermaster-General from 1925 to 1930, and chief of the General's Staff from 1930 1931. He commanded the greatest aggregation of artillery of any war in history with 1,083 guns.
“It is as if this house was locked up after World War II and recently unlocked again. The owner's everyday utensils are collector's items," the agents said at the time.
During its 1996 marketing it was noted an old brick bakery, connected to the house by a rusty, corrugated walkway, pre-dated the house. According to a local historian, the bakery building appears on one of South Yarra's earliest maps.
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