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.

Joel Robinson

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

<main data-perf-region="main">
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

A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

[smartcode_project:default project_id=150999 project_image_fid=374005]

The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

[smartcode_project:default project_id=150999 project_image_fid=374010]

Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

[smartcode_project:default project_id=150999 project_image_fid=374002]

“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

[smartcode_project_cta:default project_id=150999]

Maréa Residences brings parkside apartments to Coolangatta

Melbourne developer PDG has secured Victorian Government approval for its $1.5 billion Southbank development <a href="https://www.apartments.com.au/new-apartments/the-one-1-queens-bridge-street-southbank-vic-3006">The One</a>, clearing the way for the long-dormant riverfront site opposite Crown to finally be developed.

The Minister for Planning has approved the project at 1-29 Queens Bridge Street, with the Department of Transport and Planning issuing the planning permit following its assessment.

The approval will allow PDG to develop the prominent 5,059 sqm site with a major mixed-use tower comprising premium apartments, including branded residences, a luxury hotel and boutique office space.

PDG acquired the site in late 2024, with its position directly opposite Crown's main entrance and near Melbourne's Arts Precinct making it one of Southbank's most significant remaining development opportunities.

<img alt="PDG" data-entity-type="file" data-entity-uuid="3933013e-6332-4386-b9be-089df05caf17" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.22%E2%80%AFAM.png?VersionId=sITIgBqDL0N3VNSMwWEmF5UA.uvcsRyu" />

Designed by COX in collaboration with ODO and PDG, the tower's architecture draws on the movement of the Yarra River, with six vertical pleats running the height of the sculpted facade.

The project will also see the heritage-listed Queens Bridge Hotel restored and incorporated into the development&nbsp;with new hospitality and public uses, including a rooftop venue.

A significant component of The One will be its residential amenity.

More than 5,000 sqm of resident facilities will be delivered across a single level, making it one of the largest consolidated residential amenity offerings proposed in an Australian apartment development.

The planning approval also incorporates a major upgrade of Queensbridge Square, which PDG will deliver in partnership with the City of Melbourne.

<img alt="PDG" data-entity-type="file" data-entity-uuid="73167fcd-1031-4b6f-a408-a064cfe45ed1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.17%E2%80%AFAM.png?VersionId=Pf1AEWxw6SNmBqR0zQW5lyEze.MtxgFp" />

The existing square will be revitalised as a new civic and pedestrian space along the Yarra River, strengthening the connection between the project, Southbank and the riverfront.

PDG Founder and Managing Director Vince Giuliano said the approval represented a major milestone for a site which has remained largely underutilised for more than 15 years.

“This is the most significant Planning Permit approval Melbourne has seen in recent years,” Giuliano said.

“For more than 15 years, this site has remained underutilised. This approval enables us to deliver a project that will contribute meaningfully to the revitalisation of Southbank, restore and reactivate an important heritage building, and create a new civic and hospitality destination for Melbourne.”

The latest approval follows an earlier planning permit issued by the City of Melbourne covering demolition works across part of the site at 9-29 Queens Bridge Street. Those demolition and early works are already underway.

PDG has also started generating early interest in the residential component from owner-occupiers ahead of a planned public launch in early 2027.

PDG secures approval for $1.5bn Southbank apartment development, The One

Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

&nbsp;

Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

First look: Harridan plans Burke Street transformation beside Boggo Road transport hub

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?

<html><body>
Google has spent some more of its profits on low-income US housing.
Google has invested $28 million to build 240 housing units at the Charlesview Residences in Allston, a Boston neighbourhood.
Speaking to the Boston Globe, Axel Martinez, Google's assistant treasurer, said that the search engine company’s decision to invest in the units has the twin aims of helping the community and receiving a financial benefit.
"We want to be responsible corporate citizens, and that's what drove us to invest, but the returns are also quite good considering the risk," Martinez told the Globe.
Google first turned to low-income housing developments to invest its cash in January, when The New York Times reported it invested in the Melbourne Apartments complex in Des Moines, Iowa.
One of the key drivers for doing so was to reduce its corporate tax liability as every year, the U.S. government gives out billions of dollars in low-income tax credits to investors that put up the funds to build projects for low-income housing.
Google did not immediately respond to CNET News' request for comment.
</body></html>

jchancellor-FAypfDUnLy

Google invests in low-income housing

<html><body>
<img src="/images/stories/coolong.jpg">
<img style="float: left; margin: 5px;" src="/images/stories/flagtitletat.jpg">With a non-descript name like Green Gables, the latest Vaucluse harbourfront listing doesn’t stand out from the crowd. But Title Tattle recognises the house (pictured above), which the Mayo family has listed. It’s the home that was bought for $1.15 million in 1981 from the late banker Frank Nugan of Nugan Hand Bank fame, who had bought it in 1976 for $450,000. It had previously been in the Sayers family for at least five decades.
Nugan reputedly shot himself in the head in the front seat of his Mercedes in Lithgow in January 1980, and the bank collapsed. Its links with money laundering and drugs were to feature in the Costigan and Woodward royal commissions. Nugan was buried in Northern Suburbs Cemetery, but a subsequent reported sighting of Frank in a bistro at Atlanta, Georgia, US., led to speculation that a drug dealer was buried in his grave. Nugan's body was exhumed, and a second inquest, held in March 1981, confirmed the earlier findings on the basis of dental evidence, according to the Australian Dictionary of Biography.
Green Gables is being marketed through James McCowan from Richardson &amp; Wrench Double Bay in conjunction with Bill Malouf of LJ Hooker. The five-bedroom house on 1659 square metres includes a jetty, sandy beach, park-like level gardens and sunny pool at the harbour's edge.  More than $20 million is expected.
<img src="/images/stories/whalebeach.jpg">
<img style="float: left; margin: 5px;" src="/images/stories/flagtitletat.jpg">The television executive David Lyle – who was appointed last month as chief executive officer of the Washington-based National Geographic Channels within News Corporation’s Fox group – has finally sold both his redundant Whale Beach holdings (one pictured above and below), having previously spent $5.02 million on a house at Palm Beach. He and his wife, writer Janne Dennehy, bought their hillside Palm Beach acquisition from the McConochie family after being listed through Glenn Lee at Raine &amp; Horne Palm Beach.
<img src="/images/stories/whalebeach2.jpg">
Lyle, whose first job was as an exploration geologist, started work at the Nine Network on The Mike Walsh Show in the 1980s. It was then off to London for Pearson Television and then as president of entertainment at Fremantle Media North America. The couple’s first redundant house to sell fetched $2.2 million in August last year and then more recently they couple secured $2 million for the house that cost $190,000 in 1987.
<img src="/images/stories/kooyongrd.jpg">
<img style="float: left; margin: 5px;" src="/images/stories/flagtitletat.jpg">The grand Toorak mansion built for but never occupied by Jeans West non-executive director Mark Stevens has returned to the market. The four-bedroom house (pictured above and below) with study was last listed for private sale at $8 million in May 2010 after being was passed in at $7.5 million by the Pearce family. 
<img src="/images/stories/kooyongrd2.jpg">
Stevens had sold the new Kooyong Road house for $7.75 million in August 2009 after deciding not to relocate from Park Orchards. Its design was by Christopher Doyle, with interiors by Stuart Rattle and set in gardens by Paul Bangay set on about 939 square metres. It’s been listed through Matt David and Ross Savas at Kay &amp; Burton South Yarra with offers due by October 28.
<img src="/images/stories/centennialpark.jpg">
<img src="/images/stories/flagtitletat.jpg" style="float: left; margin: 5px;">About $4.5 million had been expected for the 1933 Elouera (pictured above), set at the western end of Martin Road, Centennial Park, one of Sydney's most prestigious non-waterfront addresses. While the front section of the house retains its art deco architecture, the back section is modern and bold designed by architect Michael Heenan of Allen Jack + Cottier.  It was renovated in 2005. It sold for $4,815,000 through Louise Snowden and Catherine Dixon from Di Jones Real Estate. It last traded at $1,445,000 in 1998 when bought by engineer Paul Philips and his wife, Kay, a director of online sleepwear shop Silk and Cookies. There had been $5.5 million hopes on its initial earlier this year.
<img src="/images/stories/kirribilliave.jpg">
<img src="/images/stories/flagtitletat.jpg" style="float: left; margin: 5px;">Clutha, a landmark Kirribilli estate (pictured above), was passed in at $4 million at auction last weekend through Belle Property Neutral Bay agents Mark Jackson and Jessica Wolodkowicz. Listed for sale by the Cox family, the 1,116-square-metre Elamang Avenue property is one of the suburb's largest landholdings. It was initially expected to sell for more than $4.5 million, and then this was revised to more than $4.25 million in the days leading up to the auction. The grand five-bedroom 1901 Queen Anne residence has a stately central staircase, soaring patterned ceilings and harbour views. Set on the high side of the street, it last traded in 1961 for $24,000 when it was bought by the late Dr Neville Cox and his wife, Alison. Cox was one of the first orthodontists in Australia.
<img src="/images/stories/ellesmererd.jpg">
<img style="float: left; margin: 5px;" src="/images/stories/flagtitletat.jpg">Stylist Kate Hopkins, who hosts the weekly Steal Her Style segment on Channel Ten's The Circle, secured $566,000 for her naturally stylish Art Deco apartment in Prahran (pictured above). The ground-floor two-bedroom unit, which Hopkins and her sister have renovated, is in a block of six. Its Bennison Mackinnon selling agent Carla Fetter had been quoting $500,000 to $550,000. In Steal Her Style, Hopkins gives viewers a surprise makeover in the style of their favourite celebrity.
<img src="/images/stories/milsonrd.jpg">
<img style="float: left; margin: 5px;" src="/images/stories/flagtitletat.jpg">The waterfront Cremorne Point apartment (pictured above and below) of former Colonial First State chief Chris Cuffe has sold for about $6.7 million. The Milson Road triplex apartment cost $6.05 million in 2003, and more than $7 million had been sought through Belle Property Mosman agents Tim Foote and Adrian Bridges.
<img src="/images/stories/milsonrd2.jpg">
The three-bedroom apartment had been on the market since January, when it was listed with hopes of $8.75 million. The 375-square-metre apartment, the home of Cuffe's mother, has harbour views to the Opera House and Harbour Bridge.
<img src="/images/stories/nevillest.jpg">
<img style="float: left; margin: 5px;" src="/images/stories/flagtitletat.jpg">Fashion designer Arabella Ramsay has her Albert Park warehouse conversion (pictured above) listed for October 8 auction with $1.25 million plus through Marshall White agent Oliver Bruce. It’s been her base since 2009.
 
<img src="/images/stories/flagtitletat.jpg" style="float: left; margin: 5px;">Title Tattle aims to tell you as soon as we know – often before it happens –so the word is that Jennifer Hawkins has vacated her Coogee pad. The removalists were spotted mid-week. It will be listed for sale soon. The model and her fiancé, Jake Wall, are building on Sydney’s northern beaches, and apparently are going to rent nearby while their finish the project. The 2003 built Coogee property has three bedrooms and three bathrooms. It cost $2.27 million in late 2008.
<img src="/images/stories/flagtitletat.jpg" style="float: left; margin: 5px;">And don’t say that Title Tattle told you but Kevin Rudd and Therese Rein spent $1.4 million on their near-riverfront 510-square-metre vacant block of land in Brissie, on which they plan to build their empty nest down the track. It will likely have space for plenty of visitors.  The block has great views. Its official recent valuation was $1.25 million. Their existing Norman Park house cost $384,000 in 1994. Land title records now show the price, since <a href="https://www.propertyobserver.com.au/queensland/kevin-rudd-and-therese-rein-buy-brisbane-block/2011080951087" target="_blank">it was reported in August without a price</a>.
</body></html>

Kevin Rudd and Therese Rein spend $1.4 million on Brissie block: Title Tattle

<html><body>
{yoogallery src=[images/stories/september29murdoch]}
Rupert Murdoch, the head of News Corp, has sold his Long Island mansion for about $9 million, a discounted 40% from the initial $14.8 million asking price in 2007.
Rosehearty, the 11-bedroom Federal-style residence that’s been on and off the market since 2007, has been posted as sold on the website of Daniel Gale Sotheby’s International Realty.
Rosehearty, which was built in 1885, sits on 1.8 hectares with tennis court, eight-car garage, pool house and 79 metres of beachfront.
The property cost a record-setting $7.78 million in 2003. There was a $10.5 million asking price in late 2010. Its most recent asking price was $9.1 million.
One of the listing agents on the property is none other than Murdoch’s sister-in-law, <a target="_blank" href="https://www.danielgale.com/IDXDetail.aspx?mlsnum=P1108689&amp;city=Centre-Island&amp;address=Centre-Island-Rd&amp;page=1&amp;mlstableid=LIBORMLSDGALEOFFICESOLDRES&amp;sp=y&amp;segmentid=3224287&amp;uid=65331&amp;htmlfile=property_recently-sold-properties_shell&amp;revisable=n">Huailing Deng, in conjunction with Debra Quinn Petkanas</a>, says Newsday. Deng is the sister of Murdoch’s wife, Wendi Deng.
The home overlooking Oyster Bay was taken off the market a few times, most notably when it was rented out to celebrity couple Brad Pitt and Angelina Jolie in 2008. The Jolie-Pitts reportedly paid $100,000 to lease it for a month while Jolie filmed scenes for the movie Salt nearby.
The editorial advertisement on the property on The New York Times website described Rosehearty as “defining the quintessential Gold Coast estate with its elegant structure and graceful lawns that roll down to Oyster Bay Harbor.”
“Built in 1885 in the Federal style, it has been updated with sophistication and style respectfully preserving the architectural integrity of this grand home.
“Fine craftsmanship, soaring 12' ceilings, refined moldings and woodwork are found throughout Rosehearty’s approximate 10,000 square feet. Modern amenities subtly dovetail with the well-groomed interiors cloaked in a soothing color palette.
“Pristine millwork in the palatial rooms is illuminated by a myriad of tall windows.
“Breathtaking vistas of water or gardens are captured throughout this waterfront haven and the rear terrace overlooks spectacular century old oaks that shade the grassy lawns.
“A superb sanctuary with 260 feet of shoreline, pool, spa and tennis, Rosehearty is a rare and exceptional property,” <a target="_blank" href="https://realestate.nytimes.com/sales/detail/46-DE07043/Centre-Island-NY-OYSTER-BAY-NY-11771">The New York Times ad</a> suggests.
Centre Island on Long Island Sound became a popular summer destination in the late 1800s with yachtsmen joining the newly established Seawanhaka Corinthian Yacht Club. The village, set within 64 kilometres of Manhattan, quickly became an enclave of the very wealthy.
</body></html>

Rupert Murdoch sells Long Island mansion through sister-in-law listing agent

<html><body>
Former Real Estate Institute of Australia president David Airey has been elected president of the Real Estate Institute of Western Australia for a term of two years. 
His appointment might help garner national media attention for WA agents operating in one of the toughest housing markets. 
In June Airey made front-page business headlines when he estimated that about 10,000 real estate agents – one in six – had quit the industry in the past year due to falling sales. 
According to the Australian Financial Review, nearly 1,000 agents quit the WA market over this time. 
Airey says he is looking forward to the challenge of promoting the services of REIWA agents to those people looking to buy or rent in a difficult market. 
“I have great faith in the long-term future of the housing market and in the skills of REIWA members when it comes to finding the right buyers and tenants for sellers and owners,” he says. 
Airey has served as REIWA’s deputy president since 2006 and been a member of the REIWA council since 2003 and will be supported by Ian Cornell as REIWA deputy president. 
He will replace outgoing president Alan Bourke, who has completed his two-year tenure. 
Bourke will remain on the REIWA Council serving the institute in a new role as chairman of the Institute’s Finance and Risk Management Committee.
</body></html>

lschlesinger-FZcF9M3vE6

Former REIA president David Airey to lead REIWA

<html><body>
A redundant electricity substation on a 77-square-metre block at Marrickville<a href="/news"> </a>suitable for conversion into residential use has been listed for October 15 auction.
It’s one of the 1,000 substations that were built across Sydney from the late 1870s as the demand for electricity grew throughout the city.
There are approved plans by Tanner Architects to convert the <a target="_blank" title="Marrickville" href="/news">Marrickville </a>property into a 159-square-metre, three-bedroom, two-bathroom abode with roof terrace with louvered pergola.
Its BresicWhitney listing agent Matt Carvalho expects $500,000 plus for the Philpott Street listing.
It’s been subdivided off the neighbouring Globe Mills apartment development.
While many are simple designs, the Marrickville substation was built to fit into the architecture of its factory surroundings. It comes with three high steel roller shutter doors.
Substations were camouflaged as everything from Federation homes and Californian bungalows to castle-like structures.
<img src="/images/stories/philpottplans.gif">
</body></html>

Bidders abuzz over 77-square-metre substation with triplex potential

<html><body>
It’s not goodbye Hollywood for Australian band founder Chris Cester. It’s been reported he’s spent $US1,875,000 on a 1924 Hollywood house.
The 171-square-metre home comes with two bedrooms and two bathrooms. The purchase is set in Laurel Canyon.
<a href="https://www.propertyobserver.com.au/international/is-this-gonna-be-your-house-jet-founder-lists-hollywood-home/2011092651687" target="_blank">He has his current four-bedroom, two-bathroom home in Hollywood on the market</a> for $US1,075,000.
According to BlockShopper.com, there have been 519 home sales in Hollywood during the past 12 months, with a median sales price of US$700,000. Trulia says the average list price for Hollywood Hills is US$1.9 million.
Cester who formed the band Jet with his brother Nic Cester,  grew up in Dingley Village, a suburb just out of Melbourne.
 
</body></html>

Jet founder puts his money where his mouth is and buys in Hollywood

<html><body>
As we look to what's ahead for 2012, Property Observer is republishing some of our most noteworthy stories of 2011.
 
The small town of Moranbah in northern Queensland is drawing investors from across Queensland and as far as Western Australia with rental yields of 15% as mining activity picks up after the January floods. 
Located along the Peak Downs Highway between Mackay and Clermont, in the resources-rich mining region of Isaac, Moranbah has experienced a rapid house price rise in the past year. According to RP Data, the Moranbah median house prices rose 5.2% over the past year to $463,000. 
According to RP Data, there have been 131 sales in <a target="_blank" title="Moranbah" href="/news">Moranbah </a>for the year to date, and of these 109 were house sales. 
Properties returning high rental yields include this three-bedroom house on Bernborough Avenue (pictured below), which sold in August for $585,000. It has been put in the rental pool asking $1,800 a week, representing a yield of 16%. It was marketed by Julie Williamson Real Estate as having a weekly rental potential of $1,400 per week.  The 900-square-metre block traded at $15,000 in 2004 when it sold by BHP Mitsui Coal.
<img src="/images/stories/moranbah1.jpg">
The most expensive property (below) sold this year was a contemporary four-bedroom house on Bernborough Avenue that was built on an 800-square-metre block of land that last traded for $72,600 in 2006. It had been listed for sale in 2008 at $799,000 and did not sell. In June, it sold for $840,000.
<img src="/images/stories/moranbahexxy.jpg">
On the same street, a three-bedroom fibro house built in 1982 that sold for $445,000 in 2009 was recently sold, having been listed at $590,000. 
According to the REIA, the resource-intensive regions of Isaac ($445,000) and Gladstone ($415,000) have showed the highest median house prices of any council region in the state outside of south-east Queensland and are on an equal footing with Brisbane, where the median price currently stands at $435,000 (a drop of 5.4% for the year). 
The major coal mining projects underway are the Goonyella and Peak Downs coal mines, operated by the BHP Billiton Mitsubishi Alliance (BMA) and Anglo Coal’s Moranbah North mines. 
Demand for rental accommodation and new residential developments has received a further boost with the Queensland government ruling earlier this month that it will require 80% of BMA employees across all operations live in the region where they work.
BMA will be required to build 400 homes, the first 160 to be built in Moranbah by June 2013, and the remaining 240 across the Bowen Basin over the following four years.
Infrastructure investment continues to pour into Moranbah with Leightons subsidiary John Holland recently selected as the preferred tenderer for the construction of the $400 million proposed Connors River Dam to Moranbah Pipeline.
The project involves the construction of 136 kilometres of large diameter buried pipeline that will carry around 45,000 megalitres of water per annum from the proposed Connors River Dam to the Bowen Basin and surrounding areas and help meet the water supply needs of the resources sector. John Holland is expected to be confirmed as principal contractor in March 2012.
Hotspotting.com.au director Terry Ryder tells Property Observer he does not generally recommend mining towns to property investors, “because they are at the high-risk end of the investment spectrum” but if he had to suggest a good case study it would be Moranbah. 
“It has had a remarkable track record of capital growth (averaging 28% per year over the past decade) and providing 9% to 10% rental returns. Moranbah managed to avoid any serious price decline post-GFC and is now trending up again with the new resources boom,” he says. 
Generally though, he warns that mining towns have volatile markets and are highly vulnerable to the cycles of the resources sector. 
“When the GFC struck, we saw vacancies in some mining towns go from zero to 10% almost overnight, as miners downsized or closed mines completely,” he says. 
Realestate.com.au lists 125 houses in Moranbah for sale starting at $520,000 for a three-bedroom house and 30 properties available to rent, with the asking price for a three-bedroom house at $1,500 per week. 
According to Bella Exposito from Moranbah Real Estate, who has worked in the area for 34 years, prices have really picked up since June. Her agency has 25 properties under contract, and her most recent sale was a three-bedroom house for $600,000. 
“This property would have sold for around $450,000 a year ago,” she says. 
Bella says 90% of the properties are rented by mining employees or contracted tradesmen, with mining companies footing the rental bill. 
She flies out regularly to meet with investors in Melbourne and Sydney and says demand is very strong. 
Another local agent, Roz Robinson, from LJ Hooker reports similar investor interest and “huge demand”. 
“We are selling some properties within 24 hours if not quicker. We have an extensive buyers’ list… There are a lot of investors from WA,” she says. 
Robinson attributes the demand to the mining activity and says while new land is being released for development, she expects it to be absorbed quickly and to have no impact on pricing. 
Earlier in June it was announced that a 104-hectare parcel of land would be fast-tracked to improve the supply of residential land and ease housing affordability in the township. The site is to be jointly developed by the Urban Land Development Authority and BHP with plans for 1,500 houses. 
Bill Moss, founder of the Midwood Report, says mining towns like Moranbah and Gladstone are seeing annual rental increases far greater than any other parts of Queensland, as much as 38% in some cases. 
“Coal mines have been resurrected after the January floods. Since they have restarted, a lot more people are coming back to mining towns,” he says. 
“From March onwards there has been a lot more demand for housing in the Bowen basin” – a 60,000-square-kilometre portion of Central Queensland that includes Moranbah, Clermont and Emerald. 
The Bowen Basin region:
<img src="/images/stories/moranbahmap.gif">
</body></html>

Hotspots: Investors mine for yields of up to 16% in Moranbah

<html><body>
Australian citizens who own property in Greece could be forced to pay up to $2,000 a year in taxes, following the passing of a new, hugely unpopular property tax measure.
The new tax law, narrowly passed by the Greek Parliament (154 votes to 143) yesterday, requires that anyone who owns property in Greece will be forced to pay an annual tax levy of €1,000 to €1,500 a year.
The tax, set to begin in 2014, will be included in power bills, and failure to pay will result in the electricity being cut off.
Those who are unemployed will not have to pay the tax as long as they earn less than €12,000 a year ($16,500) and their home is not worth more than €150,000 ($205,000).
About 70% of Greeks own their own homes and have over €400 billion ($553 billion) invested in property, greater than the country’s sovereign debt of €350 billion ($480 billion).
Australia has one of highest population of Greek immigrants – the 2006 Census records 109,980 Greece-born migrants, and 365,145 people of Greek ancestry.
The measure is part of the Greek government’s efforts to reduce its debt burden and help convince the International Monetary Fund and European Union that it should receive an €8 billion loan needed to pay salaries and stave off bankruptcy.
The measure is hugely unpopular with reports that thousands of people are protesting in Athens, including Ministry of Finance employees outside their own offices.
Greece will receive a further $11 billion in bail-out money next month, without which it would entirely run out of money.
</body></html>

Owners of Greek property hit with new tax from 2014

<html><body>
SQM Research’s top 10 discounted properties list this week focuses solely on Victoria. It's headed by a Hoppers Crossing property that has been on the market since April 2011.   Melbourne properties don't usually make it onto the most discounted national list, save for two Southbank apartments, 195/38 Kavanagh Street and 2506/83 Queensbridge Street, whichhave made appearances for several months.

The price hopes for the Kavanagh Street property were $1.1 million in mid-August, but now the vendors are hoping for $1.18 million. This is still a 25% discount on the $1.56 million the vendors wanted for the property when they listed it in September 2010.

The Queensbridge Street unit made its debut on SQM's list in mid-June with a price reduction of 30%, from $2.15 million to $1.5 million. The vendors are now hoping to secure $1.65 million, a discount of 23% from its original October 2010 price hopes. 
 
<h2 style="font-size: 18px; line-height: 21px;">1</h2>
<a target="_blank" title="1/9 Albert Place" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D107436109">1/9 Albert Place, Hoppers Crossing, VIC, 3029</a>
On the market since: May 28, 2011
Initial asking price: $535,000
Current asking price: $400,000
Reduction: 25%
Days on market: 112
 
<h2 style="font-size: 18px; line-height: 21px;"></h2>
<h2 style="font-size: 18px; line-height: 21px;">2</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D7287832" title="1365 Ballan Road" target="_blank">1365 Ballan Road, Wyndham Vale, VIC, 3024</a>
On the market since: May 22, 2010
Initial asking price: $2.4 million
Current asking price: $1.8 million
Reduction: 25%
Days on market: 483
 
3
<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%3D107562063">14/62 Herbert Street, Dandenong, VIC, 3175</a>
On the market since: July 23, 2011
Initial asking price: $279,000
Current asking price: $210,000
Reduction: 25%
Days on market: 56
 
<h2 style="font-size: 18px; line-height: 21px;">4</h2>
<a target="_blank" title="195/38 Kavanagh Street" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106820916">195/38 Kavanagh Street, Southbank, VIC, 3006</a>
On the market since: September 11, 2010
Initial asking price: $1.56 million
Current asking price: $1.18 million
Reduction: 25%
Days on market: 371
 
<h2 style="font-size: 18px; line-height: 21px;">5</h2>
<a target="_blank" title="5/12 Aenone Avenue" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D107540061">5/12 Aenone Avenue, Noble Park, VIC, 3174</a>
On the market since: July 16, 2011
Initial asking price: $315,000
Current asking price: $240,000
Reduction: 24%
Days on market: 63
 
<h2 style="font-size: 18px; line-height: 21px;">6</h2>
<a target="_blank" title="2506/83 Queensbridge Street" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008659274">2506/83 Queensbridge Street, Southbank, VIC, 3006</a>
On the market since: October 31, 2010
Initial asking price: $2.15 million
Current asking price: $1.65 million
Reduction: 23%
Days on market: 322
 
<h2 style="font-size: 18px; line-height: 21px;">7</h2>
<a target="_blank" title="1 Elizabeth Street" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D107498576">1 Elizabeth Street, Doncaster East, VIC, 3109</a>
On the market since: June 25, 2011
Initial asking price: $1.05 million
Current asking price: $826,000
Reduction: 21%
Days on market: 84
 
 
<h2 style="font-size: 18px; line-height: 21px;">8</h2>
<a target="_blank" title="167 Ormond Road" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D107135182">2/167 Ormond Road, Hampton Park, VIC, 3976</a>
On the market since: January 29, 2011
Initial asking price: $330,000
Current asking price: $260,000
Reduction: 21%
Days on market: 231
 
<h2 style="font-size: 18px; line-height: 21px;">9</h2>
<a target="_blank" title="2 Ladd Square" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D107236596">2 Ladd Sqaure, Emerald, VIC, 3782</a>
On the market since: March 12, 2011
Initial asking price: $690,000
Current asking price: $550,000
Reduction: 20%
Days on market: 189
 
<h2 style="font-size: 18px; line-height: 21px;">10</h2>
<a target="_blank" title="713/488 Swanston Street" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106980336">713/488 Swanston Street, Carlton, VIC, 3053</a>
On the market since: November 13, 2010
Initial asking price: $350,000
Current asking price: $280,000
Reduction: 20%
Days on market: 308
 
SQM Research also offers a list of the <a target="_blank" title="SQM Research" href="https://www.sqmresearch.com.au/top100bargains.php">Top 100 Biggest Bargains in Australia </a>for sale.
</body></html>

louischristopher-TWpYcZDLBK

Southbank properties raise price expectations but still feature on SQM's Victorian discount list

<html><body>
House prices in the United States declined less in July than June, but the property market was still far from a sustained recovery, according to David Blitzer, chairman of the S&amp;P/Case-Shiller index.
The index of property values in 20 cities fell 4.1% over the year, slightly better than the revised 4.4% drop in the 12 months to June.
The index has had negative house price growth for 13 consecutive months.
“We are still far from a sustained recovery,” Blitzer says.
The data “indicates that the housing market is still bottoming and has not turned around,” says Blitzer.
<img src="/images/stories/casesept28.gif">
Eighteen of the 20 cities and both the 10-city and 20-city lists are showing that home prices are still below where they were a year ago.
The 10-city index composite is down 3.7% and the 20-city index is down 4.1% compared with July 2010.
“Continued increases in home prices through the end of the year and better annual results must materialise before we can confirm a housing market recovery,” Blitzer says.
As of July 2011, average home prices across the United States are back to the levels where they were in the summer of 2003.
Measured from the June/July 2006 peaks through July 2011, the peak-to-current declines for the 10-city composite and 20-city composite are -31% and -30.9%, respectively.
The peak-to-trough declines are -33.5% and -33.4%, respectively.
The 10-city composite hit its crisis low in April 2009, whereas the 20-city reached a more recent low in March 2011.
Other gauges tracking home prices, including CoreLogic and the Federal Housing Finance Agency, have also shown a slight monthly improvement in July over June.
The Case-Shiller measure is based on a three-month average, which means the July data were influenced by transactions in June and May. July’s year-to-year drop was the smallest since March.
<img src="/images/stories/casesept281.gif">
Prices in the 20 cities rose 0.9% before adjusting for seasonal changes in July after climbing 1.2% in June.
Eighteen of the 20 cities in the index showed a year-over- year decline in July, led by a 9.1% drop in Minneapolis.
The only gainers were Detroit, which showed a 1.2% advance, and Washington, with a 0.3% increase.
Home sales remain in the doldrums with sales of new houses falling in August to a six-month low, figures from the Commerce Department show.
But purchases of previously owned homes rose to a five-month high, boosted by demand of low-priced, distressed houses, according to the National Association of Realtors.
Sales of existing US properties have averaged a 4.97 million annual pace this year, compared with the 7.25 million peak reached in September 2005.
CoreLogic recently reported that “shadow inventory” – distressed properties not yet on the market – declined to 1.6 million in July from 1.9 million a year earlier, 22% below its peak.
Investigations into bank foreclosure practices have led to delays in processing that may have helped stabilise prices in recent months.
But Bloomberg speculated values may soon resume their slide as the holdups dissipate, putting more houses on to the market and pushing back any recovery in the industry that precipitated the last recession.
“The enormous supply overhang of existing homes, particularly factoring in all those in foreclosure or soon to be, promises to keep pressure on prices for some time,” Joshua Shapiro, chief U.S. economist at Maria Fiorini Ramirez Inc. in New York, said in a note to clients reported by Bloomberg.
</body></html>

Latest Property News

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

Guides

Editor's Picks

Guides

Developments

New apartments

New townhouses

News

Latest Property News

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

Guides

Editor's Picks

Receive the latest news stories to your inbox

Guides

Developments

New apartments

New townhouses

News