<p>International developer&nbsp;<a href="https://www.apartments.com.au/developers/spg-land">SPG Land</a> is preparing to re-launch its long-awaited $1.5 billion <a href="https://www.apartments.com.au/new-apartments/paradiso-place-surfers-paradise-103-ferny-avenue-surfers-paradise-qld-4217">Paradiso Place</a> development at Budds Beach, bringing a new price point to the Surfers Paradise apartment market.</p>

<p>The developer will release one-bedroom apartments from $825,000 and two-bedroom apartments from $1.24 million in the three-tower development.</p>

<p>According to Urbis, the starting price for the two-bedroom apartments is more than $400,000 below the weighted average sale price for comparable two-bedroom apartments in Surfers Paradise during 2025, which was pinned at $1.7 million.</p>

<p>&nbsp;</p>

<p>Urbis reported quarterly average sale prices for new two-bedroom, two-bathroom apartments ranged from around $1.2 million to $1.7 million throughout 2025, peaking in the December quarter.</p>

<p>[smartcode_project:default project_id=106566 project_image_fid=185853]</p>

<p>Paradiso Place is now moving into its formal sales campaign, with a limited early-release opportunity available ahead of the public launch.</p>

<p>The development will comprise 845 apartments across three towers rising 40, 41 and 44 storeys from a 1.15-hectare site spanning an entire city block. The towers will sit above a new retail precinct.</p>

<p>"Paradiso Place represents a rare opportunity in today's market, offering premium apartments at a price point that is significantly more competitive than anything else currently available," SPG Land Sales Director Brad McMahon said.</p>

<p>"When you look at comparable new developments across Surfers Paradise, Main Beach and the Southern Beaches precinct, buyers are typically paying hundreds of thousands more for a similar product.</p>

<p>"The scale of this project and the developer-builder construction model allows us to unlock efficiencies that smaller developments simply cannot achieve. We are passing those benefits directly to buyers, while still delivering a five-star residential experience with an unmatched lifestyle."</p>

<p>[smartcode_project:default project_id=106566 project_image_fid=374280]</p>

<p>Each of the three towers designed by Rothelowman will have its own podium, connected by an elevated skybridge network to create a beachside village for residents. The resident amenity has been designed to rival a five-star hotel, with private dining rooms, resident lounges and entertainment spaces.</p>

<p>McMahon said the pricing strategy was a deliberate response to the current market.</p>

<p>"What Paradiso Place offers is a unique balance, genuine value within a premium market. Buyers are not compromising on quality, design or amenity, they are gaining access to it at a more competitive price point at a time when prices across the Gold Coast continue to reach new highs."</p>

<p>[smartcode_project:default project_id=106566 project_image_fid=362498]</p>

<p>Located around 100 metres from the beach and within walking distance of the Surfers Paradise North light rail station, Paradiso Place occupies one of the Gold Coast's most tightly held beachfront precincts.</p>

<p>Construction is continuing to progress, with eight of the project's 112 foundation piles now complete. Excavation has also commenced on the first diaphragm wall panel, with the first concrete poured on 15 June, marking a key milestone in the project's early works program.</p>

<p>[smartcode_project_cta:default project_id=106566]</p>


Joel Robinson

SPG Land launches $1.5 billion Paradiso Place at attractive price point

<p>Luxury developer-builder <a href="https://www.apartments.com.au/developers/lowe-living">Lowe Living</a> has achieved a new Victorian benchmark for an off-the-plan apartment, with the sale of two penthouses at its ultra-exclusive Maison Savoy development in Brighton.</p>

<p>The two penthouses achieved a combined sale rate of $49,926 per sqm. Both transactions eclipsed the previous identified Victorian off-the-plan price-per-square-metre benchmark, set by the 449 sqm apartment at Como Toorak, which sold at $46,659 per sqm.</p>

<p>[smartcode_project:default project_id=140818 project_image_fid=366473]</p>

<p><a href="https://www.apartments.com.au/new-apartments/maison-savoy-brighton-150-esplanade-brighton-vic-3186">Maison Savoy</a>, Lowe Living's redevelopment of the former Brighton Savoy Hotel on absolute beachfront land at 150 The Esplanade, Brighton, has gained significant momentum since launching just eight weeks ago. Around 30 per cent of the project's 19 residences have already been secured, generating approximately $45 million in sales.</p>

<p>"Securing two of the three penthouse sales at this stage, within eight weeks of launching to market speaks to the confidence our clients place in Lowe Living," Lowe Living co-founder Emma Lowe said.</p>

<p>"They know we'll be with them through every stage of the journey, and that assurance is something we've worked hard to earn and never take for granted."</p>

<p>[smartcode_project:default project_id=140818 project_image_fid=366474]</p>

<p>Lowe said Maison Savoy was conceived as a genuine alternative to a prestige Brighton home, combining house-scale proportions with the convenience, security and lock-up-and-leave appeal of apartment living.</p>

<p>Lowe Living co-founder Tim Lowe said the early sales success demonstrated the resilience of Melbourne's prestige market and highlighted the growing demand for house-sized apartments among ultra-high-net-worth buyers.</p>

<p>"The Melbourne market has definitely been tested in recent years, with interest rates and global economic factors all creating a period of uncertainty across the real estate sector. The sales success at Maison Savoy however demonstrates that confidence remains exceptionally strong at the top end of the market.</p>

<p>"The prestige market is being driven by long-term lifestyle decisions rather than short-term market sentiment, which continues to create a level of certainty that befits an absolute beachfront property in a blue-chip location like Brighton.</p>

<p>"Brighton's fundamentals remain among the strongest in Melbourne, with limited new supply, enduring demand from an overwhelmingly local owner-occupier market, and a rare combination of beachfront amenity and proximity to the CBD."</p>

<p>[smartcode_project:default project_id=140818 project_image_fid=374378]</p>

<p>According to Cotality, Brighton remains one of Melbourne's most tightly held prestige suburbs, with an average ownership tenure of 15.3 years for houses and 12.3 years for units, while more than 73 per cent of homes are owner-occupied.</p>

<p>Tim Lowe said selling two of the project's three penthouses so early in the campaign was an uncommon result.</p>

<p>"This sales result is a reflection of quality and understanding the local market. It's incredibly rare to transact the penthouses so early in a sales campaign in any project so to have sold two of the three penthouses at Maison Savoy so soon after launch, all in-house without any external sales agency appointed, is reflective of our careful consideration of our buyers' needs and lifestyle.</p>

<p>"This is knowledge that is accumulated not just from data and demographic analysis, but via a deeply embedded understanding of how this type of buyer wants to live and feel in their home. We pride ourselves on getting to know our clients personally, and over the last 10 years we have been able to refine our product offering by talking one-on-one with our clients about their design and floorplan preferences.</p>

<p>"Being a fully integrated developer-builder with an in-house design and sales team allows us to lead every part of the process and ensure the highest quality of product and service at every touchpoint. It's a really important part of our DNA and the recent sales success at Maison Savoy indicates that our clients and purchasers are resonating with this point of difference.</p>

<p>"It reinforces that demand remains strong for thoughtfully designed residences that offer rarity, lifestyle and long-term value in tightly held locations, which ultimately validates Maison Savoy's positioning as creating a new benchmark for house-scale, wellness-led apartment living on Brighton's beachfront."</p>

<p>&nbsp;</p>

<p>[smartcode_project:default project_id=140818 project_image_fid=366480]</p>

<p>The residences at Maison Savoy start from 295 sqm, with most enjoying uninterrupted views across Port Phillip Bay. The project sits moments from the Brighton Bathing Boxes, Royal Brighton Yacht Club, Middle Brighton Baths and Church Street's retail and dining precinct.</p>

<p>A key feature of the development is its private residents-only bathhouse, curated by the founder of Aurora Spa &amp; Bathhouse and modelled on traditional European bathing rituals and the award-winning Sorrento bathhouse.</p>

<p>The wellness offering includes a hydrotherapy pool, salt room, sauna, steam room, cold plunge pool, foot activation zone and a Vichy rainfall bed, one of only a handful in Australia. Residents will also have access to a Technogym studio, lounge spaces and a dedicated concierge service offering everything from morning coffee delivery and restaurant bookings to dry cleaning and home coordination.</p>

<p>"Wellness-led design has become a defining factor for luxury buyers," Emma Lowe said.</p>

<p>"Purchasers increasingly value homes that enhance wellbeing through thoughtful design, private amenity, privacy and liveability."</p>

<p>The penthouse purchasers are now undertaking a bespoke customisation process curated personally by architect Pete Kennon and the Lowe Living team, one of the developer's signature service offerings.</p>

<p>Construction on the $160 million transformation of the former Brighton Savoy Hotel site commenced last month, with completion expected in early 2028. The project has secured funding from NAB alongside development partner Monark.</p>

<p>Just one penthouse remains available, along with a limited number of two and three-bedroom residences starting from $3.75 million.</p>

<p>Lowe Living currently has eight projects on the market across Melbourne and recently celebrated its 10th anniversary, having grown a $1 billion development pipeline alongside a $350 million construction pipeline.</p>

<p>&nbsp;</p>

<p>[smartcode_project_cta:default project_id=140818]</p>


Lowe Living set new Melbourne off the plan apartment record

<p data-end="481" data-start="254">For more than three decades, Hyecorp has been delivering residential projects across Sydney's Lower North Shore, building a portfolio centred on design-led apartment living in some of the city's most established neighbourhoods.</p>

<p data-end="817" data-start="483">Hyecorp recently launched the latest in its long line of apartment developments, Celine, a 29-storey tower on Archer Street in Chatswood. Like the majority of the developer's projects, Celine caters to a broad buyer demographic, offering a mix of one, two, three and four-bedroom apartments, all designed with owner-occupiers in mind.</p>

<p data-end="954" data-start="819">Functionality and flexibility are often buzzwords in the new apartment market, but they sit at the core of Hyecorp's design philosophy.</p>

<p data-end="1151" data-start="956">Hyecorp Joint Managing Director Stephen Abolakian says the developer understands it isn't designing apartments for today's needs alone, but for how buyers will live several years into the future.</p>

<p data-end="1277" data-start="1153">"When we launch our projects we need to be aware that these developments aren't finished for several years," Abolakian says.</p>

<p data-end="1510" data-start="1279">"That home office in the here and now might be a nursery by the time the project completes for a prospective buyer, so we need to think about how the apartment spaces function for future uses so there's longevity in the ownership."</p>

<p data-end="1618" data-start="1512">Celine's architects, Fuse, followed the same philosophy, saying the design extends well beyond aesthetics.</p>

<p data-end="2038" data-start="1620">"Celine focuses on timeless architectural form and functionality, with a strong emphasis on light, proportion and materiality. The design responds to the urban context of Chatswood while delivering calm, highly liveable interiors that feel both contemporary and enduring. The floorplans have been carefully resolved to maximise usability and outperform typical market offerings in terms of efficiency and liveability."</p>

<p data-end="2295" data-start="2040">Most apartments incorporate multipurpose rooms designed for flexibility. Each includes an integrated desk and a standard Murphy pull-down single bed, allowing the space to transition from a home office or study to guest accommodation as needs change. The layouts have also been designed to maximise natural light, storage and overall functionality.</p>

<p data-end="2474" data-start="2297">One and two-bedroom apartments feature Miele appliances, while three and four-bedroom residences are appointed with integrated Gaggenau appliances and Taj Mahal stone benchtops.</p>

<p data-end="2837" data-start="2476">Buyers who purchase early in the construction process can also take advantage of Hyecorp's "Live Your Way" interior design service, allowing them to personalise finishes and tailor elements of their home to suit their own lifestyle. It's a feature designed to appeal to owner-occupiers who want their apartment to feel uniquely theirs from the day they move in.</p>

<p data-end="2909" data-start="2839">[smartcode_project:default project_id=149594 project_image_fid=362614]</p>

<p data-end="3074" data-start="2911">While flexible floorplans have become a hallmark of Hyecorp's apartment design, the developer has also continued to place significant emphasis on resident amenity.</p>

<p data-end="3307" data-start="3076">As buyers increasingly expect more from apartment living, shared spaces have evolved beyond a gym and barbecue area. They are now an extension of the home, providing spaces to relax, exercise, entertain and connect with neighbours.</p>

<p data-end="3543" data-start="3309">At Celine, the resident amenity has been designed with a focus on wellness, centred on the level six podium. An infinity-edge swimming pool, spa, sauna and fully equipped gym are complemented by barbecue facilities and a residents' lounge, creating a range of spaces for relaxation, recreation and social connection above the streets of Chatswood.</p>

<p data-end="3821" data-start="3545">Practical conveniences have also been integrated throughout the building, including EV charging provisions, smart parcel lockers, bicycle storage, a pet wash station and dedicated car wash bays, reflecting the project's focus on making everyday living as seamless as possible.</p>

<p data-end="3893" data-start="3823">[smartcode_project:default project_id=149594 project_image_fid=362633]</p>

<p data-end="4682" data-start="4522">"Celine has been designed to deliver a refined residential experience that reflects the evolution of Chatswood into a premium urban centre,"&nbsp;Abolakian says.</p>

<p data-end="5037" data-start="4684">"With over 30 years of experience delivering projects across Sydney's Lower North Shore, Hyecorp brings a deep understanding of what local buyers value. Every detail has been considered to balance luxury, functionality and long-term liveability. This is not just about apartments, but about creating a lasting residential address for discerning buyers."</p>

<p data-end="5037" data-start="4684">Hyecorp, vertically-integrated builder-developer, is anticipating construction commencement later this year.</p>

<p data-end="5088" data-start="5039">[smartcode_project_cta:default project_id=149594]</p>


Hyecorp brings 30 years of Lower North Shore experience to Celine in Chatswood

<p>Burgeoning South East Queensland developer <a href="https://www.apartments.com.au/developers/frank-developments">Frank Developments</a> is continuing to pad out its capital city development pipeline.</p>

<p>The developer, led by Frank Licastro, has its sights set on Kingsford Smith Drive in Hamilton, where it is planning <a href="https://www.apartments.com.au/new-apartments/avela-60-kingsford-smith-drive-albion-qld-4010">AVELA</a>, a 166-apartment development across three towers that tier down from 28 storeys to 19 and 17.</p>

<p>The towers will rise above the iconic Breakfast Creek Hotel.</p>

<p>Frank has brought on Melbourne architecture practice <a href="https://www.apartments.com.au/architects/rob-kennon-architects">Kennon</a> to design the building, conceived as a “defining architectural marker where the airport corridor meets the inner city.”</p>

<p><img alt="First look: Frank Developments plans sculptural AVELA for Brisbane's Breakfast Creek gateway" data-entity-type="file" data-entity-uuid="e787c64e-f0a4-4725-891e-e86b40ee5c5c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/AVELA.png?VersionId=1ulwuZ9w2vQ2td7v.J2zUI7Ih_DT4Kwz" /></p>

<p>Kennon describes the project as a once-in-a-generation opportunity.</p>

<p>"Positioned at the northern gateway of Brisbane's primary CBD corridor, this project represents a singular moment in the city's urban evolution, one that will not come again," the architecture practice said in the documents submitted to the Brisbane City Council.</p>

<p>"Where the airport and world beyond meets the city, the building will rise as a sculptural landmark, a defining piece of architecture that signals arrival into Brisbane and anchors the connection between the city and the communities to its north."</p>

<p><img alt="First look: Frank Developments plans sculptural AVELA for Brisbane's Breakfast Creek gateway" data-entity-type="file" data-entity-uuid="d572bf62-a98d-4847-95d0-889e3d3283e1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/AVELA%20podium.png?VersionId=6.Ax4jBzTbY5ahm55iaMWNR03ODhDQSm" /></p>

<p>The development is centred around owner-occupier apartments, with a mix of two, three and four-bedroom residences designed to capitalise on city and river views.</p>

<p>Four basement levels accommodate resident parking, allowing the podium to prioritise pedestrian activity and public-facing uses like ground-floor retail, a cafe, a&nbsp;neighbourhood grocer, and a public accessible indoor pickleball court and event space.&nbsp;</p>

<p>There will be nearly 2,000 sqm of communal wellness and recreation facilities across three levels.</p>

<p><img alt="First look: Frank Developments plans sculptural AVELA for Brisbane's Breakfast Creek gateway" data-entity-type="file" data-entity-uuid="c5ac3cbf-3c11-4219-89f3-e12d9e0f9ffd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/AVELA%20podium%20A.png?VersionId=_.4zd1HLCKa1s6I_oxkY4NNqX6o3Yevn" /></p>

<p>&nbsp;</p>

<p>Frank Developments has increasingly focused on design-led residential projects across South East Queensland.</p>

<p>AVELA is Licastro's second on Kingsford Smith Drive following <a href="https://www.apartments.com.au/new-apartments/alba-92-kingsford-smith-drive-hamilton-qld-4007">Alba</a>, 85 apartments just down the road. The developer has <a href="https://www.apartments.com.au/new-apartments/mira-61-garfield-terrace-surfers-paradise-qld-4217">MIRA</a> and <a href="https://www.apartments.com.au/new-apartments/myst-burleigh-heads-270-the-esplanade-miami-qld-4220">MYST</a> on the Gold Coast, as well as <a href="https://www.apartments.com.au/new-apartments/murano-teneriffe-37-wyandra-street-new-farm-qld-4005">Murano</a> coming up in Teneriffe and <a href="https://www.apartments.com.au/new-apartments/bel-air-33-oxlade-drive-new-farm-qld-4005">Bel Air in New Farm</a>.</p>


Frank Developments plans sculptural AVELA for Brisbane's Breakfast Creek gateway

<p>ASX-listed developer <a href="https://www.apartments.com.au/developers/stockland">Stockland</a>&nbsp;is continuing its push back into the new apartment market, filing plans for a prominent gateway site between Collingwood and East Melbourne.</p>

<p>The development giant, which moved back into the new apartment space when it announced Stanton Place in Sydney's Rosebery and have since filed plans for a 50-storey tower, are jumping into the off the plan Melbourne market.</p>

<p>They are hoping to create a mixed-use neighbourhood precinct for <a href="https://www.apartments.com.au/new-apartments/79-81-victoria-parade-collingwood-vic-3066">79-81 Victoria Parade</a>, replacing an existing commercial building with a scheme by <a href="https://www.apartments.com.au/architects/john-wardle-architects">Wardle</a>&nbsp;for 478 apartments,&nbsp;ground-floor retail, new public open spaces and a publicly accessible pedestrian laneway.</p>

<p><img alt="First look: Stockland plans new mixed-use neighbourhood precinct for Collingwood gateway site" data-entity-type="file" data-entity-uuid="72dbbca9-3918-4073-afad-a0c0c35be8e7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/stockland%20pers.png?VersionId=bzMVUKKxvwuNK1m0v_td126Rgct32uk_" /></p>

<p>The design report identifies the public realm as a central driver of the proposal.</p>

<p>"Collingwood has limited access to high-quality parks and public open space, and the proposal delivers valuable new areas for respite, social interaction and fine-grain retail activity."</p>

<p>The development would deliver a diverse mix of housing, including studio, one, two and three-bedroom apartments alongside townhouse-style residences. Two basement levels are proposed beneath the development, providing resident and retail parking as well as extensive bicycle facilities.</p>

<p>Wardle's design draws heavily on Collingwood's industrial character, using articulated building forms, brickwork and robust materials inspired by the suburb's warehouse and manufacturing heritage. The built form has been broken into a series of smaller volumes to better respond to the surrounding streetscape while extensive communal gardens, rooftop amenities and shared resident spaces are integrated throughout the project.</p>

<p><img alt="First look: Stockland plans new mixed-use neighbourhood precinct for Collingwood gateway site" data-entity-type="file" data-entity-uuid="7b2135ed-65df-4253-ad53-f216f06bd467" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/stockland%20podium.png?VersionId=l1B6Hqn8zs772VxH6L1fDPg0KHshan9v" /></p>

<p>The planning documents describe the existing office building as offering little engagement with the public realm, with the redevelopment intended to create a more permeable and active neighbourhood destination.</p>

<p>"The proposed scheme presents a significant opportunity to deliver a vibrant retail plaza and a local neighbourhood hub serving both existing and future Collingwood residents."</p>

<p>The 79–81 Victoria Parade site occupies a strategic location about 1.5 kilometres east of Melbourne's CBD, at the threshold between Collingwood and East Melbourne. It is well served by tram services along Victoria Parade and sits within walking distance of St Vincent's Hospital, Fitzroy Gardens, the Fitzroy activity centre and a broad range of employment, retail and hospitality destinations.</p>


Stockland plans new mixed-use neighbourhood precinct for Collingwood gateway site

<p>Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.</p>

<p>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;</p>

<h2>What is the Help to Buy Scheme?</h2>

<p>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.</p>

<p>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).</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

<p>To qualify for the Help to Buy Scheme, applicants must meet the following conditions:</p>

<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>

<p>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.</p>

<p>The scheme is expected to commence in NSW in late 2025, as part of a national rollout.</p>


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

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.</p>

<h2>New South Wales First Home Owner Grant</h2>

<p><strong data-end="252" data-start="225">First Home Owner Grant:</strong> 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.</p>

<p><strong data-end="413" data-start="389">Stamp Duty Benefits:</strong> Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.</p>

<h2>Victoria South Wales First Home Owner Grant</h2>

<p><strong>First Home Owner Grant:</strong> Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.</p>

<p><strong>Stamp Duty Benefits</strong>: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.</p>

<h2>Queensland First Home Owner Grant</h2>

<p><strong data-end="920" data-start="893">First Home Owner Grant:</strong> 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.</p>

<p><strong data-end="1162" data-start="1135">Stamp Duty Concessions:</strong> Provides additional concessions for properties valued up to $800,000.</p>

<h2>Western Australia First Home Owner Grant</h2>

<p>&nbsp;</p>

<p><strong>First Home Owner Grant:</strong> 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.</p>

<p><strong>Stamp Duty Concessions:</strong> Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.</p>

<h2>Australian Capital Territory First Home Owner Grant</h2>

<p><strong data-end="1617" data-start="1590">First Home Owner Grant:</strong> Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.</p>

<h2>South Australia First Home Owner Grant</h2>

<p><strong>First Home Owner Grant:</strong> 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.</p>

<p><strong>Stamp Duty Relief:</strong> Available for new homes and vacant land purchases.</p>

<h2>Tasmania First Home Owner Grant</h2>

<p><strong>First Home Owner Grant</strong>: Offers a $10,000 grant for new homes and off the plan purchases.</p>

<p><strong>Stamp Duty Exemption</strong>: 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.</p>

<h2>Northern Territory First Home Owner Grant</h2>

<p><strong>First Home Owner Grant:</strong> The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.</p>

<p><strong>Stamp Duty Exemption</strong>: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).</p>

<p><em>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.</em></p>


Every First Home Owner Grant for new property by state

<p>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.</p>

<p>Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.</p>

<p>Some systems assess individual building components, while others provide an overall rating for the entire structure.</p>

<p>A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.</p>

<p>NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.</p>

<p>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.</p>

<h2>What is NatHERS?</h2>

<p>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;</p>

<p>NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;</p>

<p>NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.</p>

<p>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.</p>

<h2>How NatHERS Ratings Work</h2>

<p>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.</p>

<p>The tools can model complex effects of building mass, insulation, window size, and other elements.</p>

<p>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.</p>

<p>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;</p>

<p>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.</p>

<p>Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.</p>

<h2>Benefits of Higher NatHERS Ratings</h2>

<p><strong>Energy Efficiency:</strong> 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.</p>

<p><strong>Cost Savings:</strong> 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.</p>

<p><strong>Environmental Impact:</strong> 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.</p>

<p><strong>Improved Comfort: </strong>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.</p>

<p><strong>Market Value and Desirability:</strong> 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.</p>

<p><strong>Compliance with Building Codes:</strong> 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.</p>


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?

<p>Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.</p>

<p>Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.</p>

<p>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.</p>

<h3>Convenience and accessibility</h3>

<p>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.</p>

<p>[smartcode_project:default project_id=114215 project_image_fid=204874]</p>

<p>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.</p>

<h3>Vibrant lifestyle and community</h3>

<p>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.</p>

<p>[smartcode_project:default project_id=107714 project_image_fid=214122]</p>

<p>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.</p>

<h3>Potential for higher rental yields and property value appreciation</h3>

<p>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.</p>

<p>[smartcode_project:default project_id=139989 project_image_fid=212887]</p>

<p>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.</p>

<h3>Enhanced security and maintenance</h3>

<p>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.</p>

<p>[smartcode_project:default project_id=108019 project_image_fid=212658]</p>

<p>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.</p>

<h3>Live-work-play balance</h3>

<p>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.</p>

<p>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.</p>


alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

<p style="line-height: 1.38;">When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.</p>

<p style="line-height: 1.38;">Often the largest outlay, after the deposit which goes to the bank, is stamp duty.</p>

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

<p>Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.</p>

<p>It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.</p>

<p style="line-height: 1.38;"><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></p>

<h2>Who pays Stamp Duty?</h2>

<p>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.</p>

<h2>How much does Stamp Duty cost?</h2>

<p>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.</p>

<p>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!</p>

<p>Overall, the stamp duty you need to pay will depend on:</p>

<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>

<p style="line-height:1.38">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.</p>


Ellen Walker

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

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<p>Tamworth is seeing a lot of first time buyers in both the owner-occupier and investor sectors in comparison to other cities, according to HTW’s <em>Month in Review: March 2017</em>. </p>
<p>The valuation firm says the $250,000 to $350,000 range is the most active for these buyers, with many choosing to buy within established suburbs and renovating older dwellings.</p>
<p>Outside of this range the buyers are choosing to build rather then buy.</p>
<p>“The incentives offered (ie. no stamp duty, $10,000 grant) mean they will save money when compared to buying a house of a similar calibre,” the report says.</p>
<p>“There is strong evidence of young people buying in Tamworth, particularly building homes, who come from Sydney and as they cannot afford to buy there.”</p>
<p>HTW advises buyers to choose their location very carefully.</p>
<p>“While prices in several suburbs can be very enticing for young buyers, ie. less then $200,000, these areas experience little to no capital growth and are not a good long term investment,” it says.</p>
<p>“Parts of west Tamworth and south Tamworth should be avoided as they have a strong housing commission population and historically experience very little growth when compared to non housing commission areas within the same suburb.</p>
<p>“The mistakes we are seeing include going too big too soon, with many first time buyers who choose to build trying to build their ‘forever home’ and placing themselves in a situation where they struggle with mortgage affordability.</p>
<p>“With the affordable options of Tamworth it is best to research and remember that this house will most likely not be a forever home for them, so spending $700,000 on a first home in the best suburb is not needed.”</p>
<p>A five bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-tamworth-124623126" target="_blank">357 Armidale Road</a>, Tamworth (above) has been listed for between $330,000 to $350,000.</p>
<p>Similarly a three bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-tamworth-124859686" target="_blank">14 Aberdeen Street</a>, Tamworth (below) has been listed for $270,000.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/09/14%20Aberdeen%20Street.jpg" alt=""></p>
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jonathanchancellor-7SQnKwU6yx

Tamworth seeing influx of first time buyers from Sydney

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<p>Mortgagees have secured the sale of another Mernda home.</p>
<p>It was <a href="https://www.realestate.com.au/sold/property-house-vic-mernda-126629046" target="_blank">a three bedroom sold for $485,000</a>.</p>
<p>It was marketed as a "fantastic first home or investment offering."</p>
<p>The three bedroom home has a modern kitchen with tiled family/meals area.</p>
<p>It sits on a 294 square metre block.</p>
<p>Last month mortgagees secured the $572,000 sale of a five bedroom Mernda home.</p>
<p>Situated in a sought after pocket of Mernda, the neat home came complete with a well-appointed kitchen and open plan living design, large family and meals area.</p>
<p>The home was set on a 565 square metre block at <a href="https://www.realestate.com.au/sold/property-house-vic-mernda-126373358" target="_blank">24 Black Braes Boulevard</a>. The block had sold at $222,000 in 2015.</p>
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j.ballantyne1990-6AQqhLzZaK

Mortgagees find more success in Mernda

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<p>Fitzy &amp; Wippa sidekick Sarah McGilvray and her husband, Thales Group director James Couche, pulled their Balmain terrace from its recent auction.</p>
<p>They were hoping to flip it after the couple paid $2,040,000 just last year.</p>
<p>The auctioneer turned up in the rain for the early evening onsite auction, but not the bidders.</p>
<p>Belle Property Balmain agents Lyndsey Kemp and Kristyn Brennan had a $2.1 million guide. It is now for sale at $2.18 million.</p>
<p>The home (above) has three bedrooms and one bathroom on its 135 square metre parcel.</p>
<p>The couple have been busy renovating, even while they had their first child, William, late last year. </p>
<p>The new mother, who was in London with the team for the recent Royal Wedding, joined the Nova FM team in 2016 and produces Fitzy &amp; Wippa's breakfast show.</p>
<p>They're opting to be closer to the North Shore where much of their family live.</p>
<p>The inner west's auction success rate is running at around 55 percent, with Balmain leading the declining success rate.</p>
<p>Last weekend the long-time Balmain home of celebrity pâtissière Adriano Zumbo failed to sell at auction.</p>
<p>It now has a price tag of $1.7 million.</p>
<p>There were four contenders at the auction, although Paul Cooper at the Coopers Agency, who is marketing the home with his son Matt, said only one had finance approval.</p>
<p>"Finance approvals are presently taking so much longer than in the past," Paul said.</p>
<p>There has been an offer at $1.7 million but subject to forthcoming approval.</p>
<p>The dessert king, who crafted his trade in the inner-west paid $675,000 back in 2003 after returning from a year stint working in France.</p>
<p>The property sits 800 metres from his flagship Balmain store which he opened in 2007. He spent some time working at the also nearby Victorie Bakerie.</p>
<div data-local-attribute="d3bn" data-ved="0ahUKEwik1eS3pcDbAhVCVbwKHfCRB_sQ3B0IswEoATAR">
<p>Zumbo has opened seven stores throughout New South Wales and Victoria including a concept store at The Star Casino.</p>
</div>
<p>Set on 340 sqm, the home has three bedrooms, one bathroom and of course a renovated kitchen.</p>
<p>Paul and Matt Cooper and Coopers Agency are marketing the home that is leased until July 2019, returning over $1,000 a week.</p>
<p>This article was first published in the Saturday Daily Telegraph.</p>
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firstname1-iYD4UYzvBa

Balmain auctions leave vendors waiting

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<div>A range of factors have come together to kill the apartment construction boom in its tracks.</div>
<div> </div>
<div>These have included:<br><br>-tighter capital controls in China<br>-a stamp duty surcharge for non-resident buyers<br>-a 'vacancy tax' for unoccupied dwellings not made available for rent<br>-changes to the foreign resident capital gains tax regime<br>-significant limits to depreciation deductions<br>-travel costs for landlords being disallowed as a deduction<br>-changes to the CGT main residence exemption for foreign buyers &amp; temporary residents<br>-considerably tighter lending criteria Down Under</div>
<div> </div>
<div>And some other stuff.<br><br>The truth is Australian residents finance the purchase of relatively few new apartments in the larger developments, so if investors aren't buying then it's difficult for developers to secure enough pre-sales to get projects off the ground.</div>
<div> </div>
<div>At the last official count we saw that there were still around 152,000 attached dwellings under construction for the July to September 2017 period.</div>
<div> </div>
<div>But that was months ago, and this is now.<br><br>By today in February 2018 the number of apartments under construction might already have nosedived by about 20 per cent, as a swathe of Sydney completions has hit the market. </div>
<div> </div>
<div>And the latest building approvals figures suggest the downtrend is now locked in.</div>
<div> </div>
<div>This may prove to be a plus for landlords as rental markets tighten, while Alex Joiner of IFM Investors notes an eyebrow-raisi<span>ng <span>~</span>45,000 Airbnb</span> listings in Melbourne and its surrounds, representing huge growth, which may in turn help to explain vacancy rates in the Victorian capital having nudged multi-year lows in 2017. </div>
<div> </div>
<div>Meanwhile macroprudential measures may well mean that interest rates stay lower for longer (if construction employment begins to fall hard, the next move in rates may even be down, for the Reserve Bank of Australia is already missing both its inflation target - for more than two years now - and its full employment mandate). </div>
<div> </div>
<div>Let's look briefly at the latest building approvals trends. </div>
<div> </div>
<div><strong><span style="text-decoration: underline;">Apartment construction to slow</span></strong></div>
<div><strong> </strong></div>
<div>Attached dwelling approvals dropped sharply by 39 per cent in seasonally adjusted terms in December 2017, from 11,247 to just 6,849, although this was partly a reversal of a record spike in Melbourne in the preceding month. </div>
<p> </p>
<div class="separator"><img src="https://2.bp.blogspot.com/-jbFm6bMEzbc/Wnatet_AWHI/AAAAAAAAoKc/7IyLSytQdbASKTMc6St0CdspdGC4u0XRACLcBGAs/s640/A1.jpg" width="640" height="388" data-original-height="813" data-original-width="1338"></div>
<p> </p>
<div>While Melbourne and Sydney apartment approvals will likely continue a downtrend from here, confidence in the maligned Brisbane apartment sector finally seems to have found a more sustainable base. </div>
<div> </div>
<div>Melbourne attached dwelling approvals fell from a manic 6,304 in November to 2,766 in December, overwhelmingly accounting for the monthly decline. </div>
<div> </div>
<div>Across calendar year 2017 Sydney and Melbourne accounted for the strong result in attached dwelling approvals at just under 36,000 and 32,000 respectively.</div>
<p> </p>
<div class="separator"><img src="https://2.bp.blogspot.com/-iBUymPPAG8o/Wnate9sty4I/AAAAAAAAoKg/-N-TNG0FkSwUA6UgVdxEQbc0aYIfFde0QCLcBGAs/s640/A2.jpg" width="640" height="380" data-original-height="810" data-original-width="1363"></div>
<p> </p>
<div>Meanwhile the trend in Brisbane house approvals is now the strongest in the country, alongside sprightly Hobart.</div>
<p> </p>
<div class="separator"><img src="https://4.bp.blogspot.com/-bBG8InIxZcc/Wnate_gk-sI/AAAAAAAAoKk/Uu9uSRI269wpiNfnkwyMR8l2rpUEUO_ngCLcBGAs/s640/A3.jpg" width="640" height="388" data-original-height="824" data-original-width="1355"></div>
<p> </p>
<div>Hobart's housing market has been booming, and an overdue supply response is now reluctantly taking shape.</div>
<p> </p>
<div class="separator"><img src="https://4.bp.blogspot.com/-jleMak-OHd0/Wnatg3ylE_I/AAAAAAAAoKw/VTkisyEuAV0REE9Xs7A_-M8SE7yo6pOlQCLcBGAs/s640/A5.jpg" width="640" height="388" data-original-height="804" data-original-width="1321"></div>
<div> </div>
<div><strong><span style="text-decoration: underline;">The wrap</span></strong></div>
<div> </div>
<div>Overall 2017 was a stronger than expected year for approvals with more than 219,000 dwellings awarded a green tick, but the trend in high-rise approvals may well now resume its slide.</div>
<div> </div>
<div>The townhouse sector of the market looks to be an increasingly solid performer, on the other hand.</div>
<p> </p>
<div class="separator"><img src="https://1.bp.blogspot.com/-2pwS0ldSwH8/WnatgONjOkI/AAAAAAAAoKo/540xndVwVMUeoyTrKHF1OjvrOPJyrAewwCLcBGAs/s640/A4.jpg" width="640" height="374" data-original-height="804" data-original-width="1371"></div>
<div> </div>
<div>Despite the fall in residential building approvals, the impact on the economy may not be as great as once feared, with the trend in monthly non-residential approvals for New South Wales hitting its highest ever level at $1.3 billion in December, while Victoria's result was even higher still. </div>
<div> </div>
<div class="separator"><img src="https://3.bp.blogspot.com/-97uMk0P1oUM/Wnatg_84KUI/AAAAAAAAoKs/yJsaLCGeNAkYn6NasIY8we1kzrT8EpBNwCLcBGAs/s640/A6.jpg" width="640" height="380" data-original-height="817" data-original-width="1375"></div>
<p> </p>
<div>Non-residential approvals have been tracking at record levels, then, overwhelmingly driven by Sydney and Melbourne.</div>
<div> </div>
<div>Nevertheless, the apartment construction slowdown will be the real trend to watch this year. </div>
<div> </div>
<div>PETE WARGENT is the co-founder of AllenWargent property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank">blogger</a>.</div>
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pwargent-M4siyDbqQY

Eight factors kill the apartment construction boom in its tracks: Pete Wargent

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<p>Queensland's housing markets are expected to rank among the best performing across Australia during 2019 as they have the key factors that drive growth – liveability, affordability, booming infrastructure and enhanced economic prospects.</p>
<p>The Sunshine State leads the nation when it comes to confidence in residential property, as the gears shift from recovery to rising prices.</p>
<p>The NAB Residential Property Index recently tipped Queensland house prices will grow the fastest of the nation over the next two years.</p>
<p>The survey of more than 300 property professionals confirmed rising sentiment around the Queensland markets. And these property professionals also saw Queensland leading the way when it comes to rental growth.</p>
<p>South East Queensland is tipped to be the prime beneficiary of Sydney and Melbourne’s property slowdown, with the state possibly set to return to its place as Australia’s No 1 destination for interstate migration, as more families and downsizers from the southern cities cash-in for a lifestyle in the sun.</p>
<p>2018 saw strong price growth across Queensland, from suburbs of Brisbane to the coastal localities.</p>
<p>Economic growth and jobs now assisting the property market’s performance as Queensland emerges from the shadow of the mining downturn. </p>
<p>It is the value gap between the East coast capitals that makes the move compelling for many.</p>
<p>The value gap is the largest it has ever been between Brisbane and Melbourne and the largest in 15 years with Sydney, according to CoreLogic.</p>
<p>A typical house in Brisbane is around $393,000 cheaper than Sydney and $227,000 cheaper than Melbourne, with Brisbane's median sitting at $542,000.</p>
<p>Observers suggest this affordability, coupled with positive economic signs, means Queensland is primed for future growth. </p>
<p>The increasing opportunity to work remotely, having set up a home business, or taking up a new job in Queensland is a do-able option.</p>
<p>Brisbane's median house price sits at new highs, after posting a 2.3 percent increase in the September quarter, with the Real Estate Institute of Queensland (REIQ) CEO Antonia Mercorella saying the strength of growth proved that Queensland real estate was a good investment and could be relied upon to deliver capital growth.</p>
<p class="x_x_paragraph-one"><span class="x_x_inline-color">“While other markets around the country are struggling in the face of tightened lending criteria and cooling investor appetite, the southeast corner of Queensland continues to deliver steady, sustainable growth,” Mercorella said.</span></p>
<p class="x_x_paragraph-one"><span class="x_x_inline-color">“Queensland’s economy is proving itself to be a good performer, against a backdrop of national gloom, with new jobs bringing population growth and demand for housing</span>."</p>
<p>The REIQ found coastal Queensland locations ranking as the state's strongest performers during 2018.</p>
<p>These included Mackay's housing market which has come back from the mining downturn to post 5.6 percent annual growth in its median house price, according to the REIQ's late 2018 figures.</p>
<p>"We are confident this growth can continue for the moment," the REIQ advised.</p>
<p>The region has the lowest unemployment rate in the state at 3.3 percent, while the population is growing as jobs attract workers back to the region and the rental market is one of the tightest in the state with just 0.9 per cent vacancy.</p>
<p>With a $340,000 median house price, Mackay is still one of the most affordable coastal districts, with prices still at levels below the peak of the mining boom five years ago.</p>
<p>The tightening of bank lending standards has been seen across Queensland, as noted by the latest SEQ report by Ray White on house and land sales.</p>
<p>Despite this there has been an increase in house and land package prices, up 7.8 percent in Brisbane, up 5.05 percent on the Gold Coast sales and 4.99 percent on the Sunshine Coast where house and land package are a popular way to create a new start.</p>
<p>Estate agent John McGrath noted recently that Queensland’s top two regional performers were the Sunshine Coast and the Gold Coast due to rising demand from interstate home owners and investors. </p>
<p>One of McGrath's pinpointed suburb's to look out for in 2019 was Pimpama, in the northern part of the Gold Coast.</p>
<p>Pimpama recorded Queensland’s fastest population growth at 31 percent in FY17, with many enthusiastically buying or building brand new homes.</p>
<p>"Pimpama is affordable with a median house price of $475,000 and is located within the rapidly developing northern Gold Coast region along the M1 corridor," McGrath said.</p>
<p>The $100 million Pimpama City Shopping Centre opened in 2018 and the $56 million Northern Gold Coast Sports and Community Precinct is set to open in 2020.</p>
<p>There's also plans for a new train station to better connect Pimpama to Surfers Paradise.</p>
<p> </p>
<p> </p>
<p><strong> </strong></p>
<p><strong> </strong></p>
<p><strong> </strong></p>
<p><strong> </strong></p>
<p> </p>
<p> </p>
<p> </p>
<p class="x_x_paragraph-one"> </p>
<p class="x_x_paragraph-one"> </p>
<p> </p>
<p> <br>The economic forecaster BIS Oxford Economics concluded Brisbane will lead the mainland capitals with price growth.</p>
<p> </p>
<p><strong>JUST ADDED</strong></p>
<p> </p>
<p><strong> </strong></p>
<p> </p>
<p> </p>
<p> </p>
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jchancellor-FAypfDUnLy

Queensland to rank among best state markets in 2019

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<div>
<p>SPONSORED POST</p>
<p>Multi-award winning building company Choice Homes is a market leader specialising in turnkey housing design and construction.</p>
</div>
</div>
<div>
<div>
<p>Choice Homes is active in select South East Queensland hotspots such as the Gold Coast, Logan, Brisbane, Ipswich and Beaudesert, as well as the major resource industry hub of Mackay.</p>
</div>
</div>
<div class="layoutArea">
<div>
<p>The company’s well-planned growth has continued through 2018 and into 2019, hallmarked by consistent job starts, outstanding sales results and significant award recognition.</p>
<p>In 2018 alone, Choice Homes has sold out stages at The Highlands and Camelot in Coomera, commenced 350 builds in South East Queensland and Mackay, and brought to market many new stages in key Choice Homes estates.</p>
<p>Over the years, Choice Homes has won many awards and in 2018 added to the trophy cabinet by winning the Apartment Complex of the Year in the HIA Gold Coast and Northern Rivers</p>
</div>
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<p>Housing Awards. They were also awarded 19th place in the Gold Coast Top Companies 2018.</p>
<p>The company also launched new display homes at Camelot in Coomera and at Royal Sands in Mackay, and has more display homes planned across its properties. Choice Homes’ first apartment project—101 Pohlman Street, Southport—has since sold out, and planning is well underway for a brand new apartment development, with release scheduled for 2020.</p>
<p>Behind this outstanding market success is a 26-year-old family-owned company that has executed strategic expansion into several complementary real estate and development businesses.</p>
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<p>Each addition to the Choice group of companies has become a success story in its own right, while simultaneously bolstering client service and satisfaction.</p>
<p>MPM Property Sales and Management, for example, a standalone real estate and property management company, has an office at Parkwood on the Gold Coast, one in Ipswich and a third office which has recently opened at the booming suburb of Pimpama, each staffed by professional sales and property management teams.</p>
<p>As some parts of Australia’s property market have begun to cool down, South East Queensland and the highly sought-after growth corridor between the Gold Coast and Brisbane are selling at a strong and reliable rate. This is where you will find Choice Homes’ premier land developments, next to the billions of dollars’ worth of key infrastructure and employment hubs.</p>
<p>2019 will see Choice Homes continue to create industry-leading homes to satisfy the strong demand across Queensland’s key growth markets.</p>
<p>Following 26 years’ proven performance as one of Queensland’s premier builders, Choice Homes has secured an enviable land supply from key residential developers in Queensland and northern NSW.</p>
<p>Choice Homes continues to be a strong contributor to the community. It sponsors and supports a number of business, sporting and community-based initiatives each and every year and will continue to do so into the future.</p>
<p>To download Choice Homes Urban Appeal 2019 magazine, <a href="https://www.choicehomes.com.au/estate/sovereign-estate" target="_blank">click here</a>.</p>
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Who are Choice Homes?

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<p>The Australian Competition &amp; Consumer Commission (ACCC) will not oppose Australian Finance Group Ltd's proposed acquisition of Connective Group Pty Ltd.</p>
<p>As mortgage aggregators, both AFG and Connective act as intermediaries between mortgage brokers and lenders, such as banks. </p>
<p><span>In their statement of issues in February, t</span>he ACCC identified a number of preliminary concerns with the proposed acquisition that will create the largest mortgage aggregator in Australia. </p>
<p>After completing a second round of enquiries, ACCC chair Rod Sims says: "<span>After our extensive public review of the acquisition and our consultation with a wide range of interested parties, we believe the combined AFG-Connective is likely to continue to face robust competition.”</span></p>
<p><span><span>“Mortgage brokers will still have a range of other aggregators, should they become dissatisfied with the combined AFG-Connective’s pricing or service. Lenders will likewise have a range of aggregators through which they can access potential consumers,” Mr Sims said.</span></span></p>
<p><span><span>The combined AFG-Connective is likely to have the incentive to retain lenders on their panel who are popular with consumers to attract brokers. </span></span></p>
<p><span><span><span>The ACCC ultimately found that substantial lessening of competition was not likely. </span></span></span></p>
<p><span>Other established aggregators, including Finsure and the aggregators owned by the National Australia Bank, are likely to continue to provide strong competition.</span></p>
<p><span><span>Further information is available at </span><a href="https://www.accc.gov.au/public-registers/mergers-registers/public-informal-merger-reviews/australian-finance-group-ltd-connective-group-pty-ltd">Australian Finance Group Ltd - Connective Group Pty Ltd</a><span>.</span></span></p>
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ACCC does not oppose AFG-Connective mortgage aggregator deal

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<h1 align="center">FREE eBook: 50 smart tips for real estate agents to sell more in spring 2012</h1>
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<div class="event_form_box_container">{rsform 121}</div>
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<div class="event_form_box_gray_container">Each weekday <em>Property Observer</em> delivers to subscribers the best property news, advice and analysis on Australia's residential and commercial property markets.</div>
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<p><em>Realestateview.com.au</em> has partnered with <em>Property Observer</em> to bring you this free eBook to help you sell more residential property in a challenging market.</p>
<p><em>Property Observer</em> put a straightforward question to leading real estate agents and property industry observers: what practical strategies should agents adopt to sell more residential property?</p>
<p>We hope this eBook, written by veteran personal finance and property journalist Michael Laurence, can help give your sales a much-needed boost in the months ahead during spring 2012.</p>
<p><em>Â </em></p>
<p><img class="event_image" src="/images/events/ebooks/rev_spring2012-200.gif" alt="50 smart tips for real estate agents to sell more in spring 2012 " title="50 smart tips for real estate agents to sell more in spring 2012 "></p>
<p><strong>In this eBook you will learn:</strong></p>
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<li style="background-image: url('images/events/ebooks/rev-bullet.gif');">The importance of pricing<br> properties for the <br>current market</li>
<li style="background-image: url('images/events/ebooks/rev-bullet.gif');">How to find clients and <br>keep them</li>
<li style="background-image: url('images/events/ebooks/rev-bullet.gif');">The best selling <br>techniques for today’s <br>marketplace</li>
<li style="background-image: url('images/events/ebooks/rev-bullet.gif');">Tips from experts including<br> Paul Clitheroe, Scott Pape<br> VickiLaing and many more</li>
<li style="background-image: url('images/events/ebooks/rev-bullet.gif');">How to cut costs in your <br>marketing – and secure the <br>best price</li>
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<h3>What is <em>Property Observer?</em>
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<p><em>Property Observer</em> is Australia's number one property investment website for investors and savvy buyers, featuring property news, property information, market forecasts and expert commentary and analysis.</p>
<p>Every day, we provide authoritative coverage about the homes we live in and the investments we make.</p>
<p>We deliver to readers the best property news, advice and analysis from Australia's residential and commercial property markets.</p>
<p>Our industry leading experts deliver wisdom on winning ways in property and provide the fundamental knowledge you need to play the property game.</p>
<p>The site is published by Private Media, an internet publishing company that is owned by some of Australia's most experienced media practitioners including Eric Beecher, John Addis, Chong Weng-Ho and James Thomson.</p>
<p>Property Observer was co-founded by Jonathan Chancellor, who has been writing about property for more than 25 years. "I've learnt that getting passionate about property is easy. Getting it right is trickier. Property Observer provides the essential news and analysis on the ins and outs of property. We cover the capital cities, up and down the coast, and inland to the regional towns and the bush, and offer plenty of authoritative coverage about the homes we live in and the investments that top up our incomes.”</p>
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50 smart tips for real estate agents to sell more in spring 2012: Free eBook

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<p>The freehold of the Golden Sheaf Hotel at Double Bay has been listed for sale with offers due 6 November.</p>
<p><span>The Golden Sheaf Hotel occupies a strategic underdeveloped site area totaling </span><span>1,669 square metres.</span></p>
<p>JLL and CBRE Hotels have been appointed on the property which is being offered subject to leaseback to the hotel and hospitality group, Solotel.</p>
<p><span style="line-height: 1.3em;"><span style="line-height: 1.3em;">The hotel will be offered with a combined 40 year triple net lease to one of the Solotel Group businesses, with a straight 20 year first term and fixed annual rental growth of 3% per annum. </span></span></p>
<p><span style="line-height: 1.3em;"><span style="line-height: 1.3em;">The Solotel group own and or operate 17 hotels and three restaurants across the eastern seaboard.</span></span></p>
<p><span style="line-height: 1.3em;"><span style="line-height: 1.3em;">Brice Solomon's Soletel listed the <a href="/news/nsw/double-bays-sheaf-comes-with-golden-expectations">entire </a></span></span><span style="line-height: 1.3em;"><a href="/news/nsw/double-bays-sheaf-comes-with-golden-expectations">Sydney eastern suburbs watering hole with $80-million-plus hopes in 2011</a>.</span></p>
<p><span style="line-height: 1.3em;">The Australian Financial Review suggests </span><span style="line-height: 1.3em;">$40 million plus</span><span style="line-height: 1.3em;"> commanding a yield in the mid 6% range.</span></p>
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<p><span style="line-height: 1.3em;">The heritage-listed 1936 pub was bought for $5,327,000 in 1991. </span></p>
<p><span style="line-height: 1.3em;">Its New South Head Road premises was expanded after $4.8 million was spent in 2006 with purchase of the adjacent George's restaurant from Leo Varvaritis. The refurbished hotel and rear beer garden was launched in 2009.</span></p>
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Double Bay's Golden Sheaf Hotel returns to market as freehold only

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<p>Buying a new apartment off the plan is increasingly popular, but there can be pitfalls if individuals fail to do the necessary research on the property developer.</p>
<p>Background checking a developer doesn’t mean becoming Sherlock Holmes and sleuthing around, but it does require a potential purchaser to ask questions and take an interest in a developer’s history.</p>
<p>The best place to start is online by looking at property blogs and newspaper articles. A quick search of the developer’s name should yield results. Are there any court actions against a developer? Bad feedback on forums should ring alarm bells.</p>
<p>CBRE director of residential development Matthew Ramsay says the other key step is to research a developer on their website and see what other projects the company has developed.</p>
<p>“You can go out and see the display suite and see the quality of the actual project, or even older things they’ve built, to see the quality of the finishes,” says Ramsay.</p>
<p>Ramsay says there are two types of developers, tier one and tier two.</p>
<p>“There’s the developer who will employ a third party builder and it’s important to know who that third party builder is. It needs to be someone who has a signification in the market and someone who has done residential construction before,” says Ramsay.</p>
<p>“If a builder is known as a tier one or a tier two builder, then they’re known as a good quality builder in the market place.”</p>
<p>If an individual is going through a buyer’s agent, the agency will generally obtain information through their agent contacts in the market and will know the quality of the product the developer provides through past experience.</p>
<p>Property Searchers managing partner Scott McGeever says it is important to look at the facilities offered in the complex, as they can be big-ticket costs down the track and significantly add to strata expenses.</p>
<p>McGeever says to look at the type and quality of the construction and the level of fittings and fixtures that are used in the complex and well as the interior of the property itself.</p>
<p>“If they are cheap and nasty, they tend not to age well and look tatty after a short period and that will effect re-sale,” says McGeever.</p>
<p>Most new development projects have a mandatory seven-year structural warranty with an insurer and Ramsay says buyers do have rights in their contract of sale if things were to go askew.</p>
<p>“In most, if not all contracts of sale, there is a deadline date in which the developer must have the apartment completed and hand it over to the buyer,” says Ramsay.</p>
<p>“If the developer misses that deadline date, the buyer then has the right to refuse the contract and the deposit is returned.</p>
<p>“If the apartment layout changes or there’s significant changes to the apartment, the buyer also has the right to refuse the contract.”</p>
<p>It’s also important to have the contract of sale read by a solicitor.</p>
<p>With the right research done into the developer, the architect and the contract details, buying off the plan does not need to be a risky property investment.</p>
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