The Gold Coast economy has grown by 25 per cent since 2020/21 to surpass $55 billion, but perhaps the more significant story is what sits behind the headline number.

For decades, the Gold Coast has been viewed through the lens of tourism, lifestyle and population growth. The latest State of the City Report suggests that perception is increasingly out of step with reality.

Released by Invest Gold Coast, the report ranks the Gold Coast as Australia's largest non-capital city economy and, perhaps more notably, second nationally behind Sydney for Economic Complexity, a measure that assesses the diversity and sophistication of an economy.

It's a result that places the Gold Coast ahead of Melbourne, Brisbane, Perth and Adelaide, highlighting the extent to which the city's economic base has broadened beyond its traditional industries.

Today, the Gold Coast supports more than 350,000 jobs, is home to over 83,000 businesses and generates $19 billion in annual exports. Manufacturing now accounts for 62 per cent of international export growth, while sectors including health, education, advanced manufacturing, technology and professional services are becoming increasingly important contributors to the local economy.

[smartcode_project:default project_id=150017 project_image_fid=372547]

Gold Coast Mayor Tom Tate said the report confirmed the city's evolution into one of Australia's most significant economies.

"The Gold Coast economy continues to grow at an incredible pace. This is no surprise to those of us who have watched the evolution up close," Mayor Tate said.

"As one of the most entrepreneurial, investment driven and opportunity focused economies in the country our ambition has been realised and possibilities are endless.

"The Gold Coast has built a reputation as the city that says yes. We say yes to investment, yes to opportunity and yes to people who want to build something.

"It's this mindset helping us drive major growth across health, advanced manufacturing, screen production, marine, technology and the knowledge economy."

[smartcode_project:default project_id=149670 project_image_fid=360975]

While population growth has been one of the defining stories of the past decade, the report points to a broader economic transformation taking place.

The city's knowledge economy now contributes $7.9 billion annually and supports around 31,000 jobs, while the health and wellbeing sector contributes $5.2 billion and employs more than 42,000 people. Together, the six priority sectors identified in the report account for almost $24 billion in economic output and more than 145,000 jobs.

One of the strongest examples is the Gold Coast Health and Knowledge Precinct at Southport. The 200-hectare precinct now contains more than $5 billion worth of health, education, research and innovation infrastructure and supports over 16,000 jobs.

The report also highlights the growing role of advanced manufacturing, particularly in aerospace, defence and modular construction.

Gold Coast-based Gilmour Space Technologies recently became the first Australian commercial company to attempt an orbital launch, while companies including Modscape and ModnPods are helping establish the Yatala-Stapylton corridor as one of Australia's fastest-growing advanced manufacturing hubs.

The city's entrepreneurial culture is also translating into business growth.

Since 2019/20, the number of businesses operating on the Gold Coast has increased by 22 per cent, while firms employing more than 200 people have grown by 80 per cent. The report suggests the next challenge is converting more local start-ups and medium-sized businesses into nationally significant companies.

Development activity remains another key indicator of confidence.

There are currently more than $23 billion worth of major projects underway across the Gold Coast, supported by a record 75 active cranes, a figure that now exceeds Brisbane and represents a 150 per cent increase since 2016.

[smartcode_project:default project_id=112024 project_image_fid=343235]

Importantly, the report notes the next phase of investment will need to extend beyond residential development.

While 93 per cent of crane activity is currently tied to housing, Invest Gold Coast argues future investment will increasingly need to focus on cultural, civic, infrastructure and industry-enabling projects that strengthen the city's long-term economic resilience.

Invest Gold Coast Chair Will Hodgman said the city was now benefiting from years of economic diversification.

"What is happening on the Gold Coast is the result of the city's economic base broadening, fuelled by industries with long-term, high-growth potential," Mr Hodgman said.

"This is no longer a secondary Australian economy, the Gold Coast is becoming a globally connected city with deeper capability across health, knowledge and creative industries, advanced manufacturing, technology and exports."

[smartcode_project:default project_id=108274 project_image_fid=365786]

Looking ahead, the Gold Coast's population is projected to exceed one million residents by 2046.

For a city that was once largely defined by tourism and lifestyle, the latest figures suggest the Gold Coast is becoming something more significant, one of Australia's most diverse and economically sophisticated urban economies, and increasingly one that national and international investors can no longer afford to overlook.

Joel Robinson

75 cranes, $23 billion pipeline and a $55 billion economy: Inside the Gold Coast economic boom

Ron Bakir's Homecorp has sold more than 75 per cent of the apartments in its wellness-driven Florence Residences in Surfers Paradise following its first weekend release.

The <a href="https://www.apartments.com.au/new-apartments/florence-residences-24-monte-carlo-avenue-surfers-paradise-qld-4217">26-storey project on Monte Carlo Avenue</a>, which commenced construction earlier this year, has seen a flurry of buyers secure their slice of the Gold Coast's latest wellbeing-focused offering in one of the nation's most competitive property markets.

Since the pandemic, the Gold Coast's population has grown by more than 11 per cent, a rate approximately four times faster than Sydney's, driven largely by lifestyle changes and interstate migration. While buyer activity has moderated in some markets nationally, demand for newly built dwellings on the Gold Coast continues to gain momentum as purchasers increasingly prioritise lifestyle, amenity, wellbeing, liveability and long-term investment potential.

&nbsp;

[smartcode_project:default project_id=150414 project_image_fid=372743]

Homecorp CEO Ron Bakir says buyers today are looking for more than just a home.

"What we are seeing is a shift in how people define value in property," Bakir says.

"What attracts residents to new developments is a desire for more than just a residence. They are looking for a place that complements their lifestyle, supports their wellbeing and reflects the way they want to live into the future.

"Lifestyle, longevity, proactive health, wellbeing, connection and a sense of community are increasingly shaping purchasing decisions, particularly on the Gold Coast, where these factors continue to be a major drawcard."

[smartcode_project:default project_id=150414 project_image_fid=372744]

Bakir says Homecorp is responding to this shift through an approach that places greater emphasis on design, amenity and experience working together to create places that feel considered, connected and enduring in value.

Inspired by Eastern European design, Florence Residences will comprise 120 apartments alongside a private residents-only wellness club featuring a resort-style rooftop pool, hot and cold plunge pools, a spa retreat, contemporary gymnasium, and a spacious yoga and Pilates studio.

The development will also feature a residents-only lounge with private dining facilities and a rooftop bar, premium outdoor entertaining areas, a hotel-style lobby lounge, generous bike parking, and pet-friendly amenities including a heated dog wash.

[smartcode_project:default project_id=150414 project_image_fid=372742]

A limited number of apartments remain available, with an exclusive collection of four-bedroom sub-penthouses set to be released in the coming months.

Florence is one of the latest additions to Homecorp's expanding multi-billion-dollar property portfolio, which also includes plans for a <a href="https://www.apartments.com.au/news/qld/homecorp-lodges-plans-for-260-million-moroccan-bathhouse-inspired-tower-in-budds-beach">$260 million development in Budds Beach</a> tailored to the growing wellness market.

A development application has been lodged for a 27-storey, 156-residence tower at 8–10 Acacia Avenue and 25–27 Oak Avenue, featuring a residents-only Moroccan spa-inspired sanctuary.

Apartments at Florence Residences are priced from $1,249,000, with construction expected to be completed by late 2027.

[smartcode_project_cta:default project_id=150414]

Buyers rush to Homecorp's Florence Residences as Gold Coast wellness trend gains momentum

The NSW Government has expanded its $1 billion Pre-sale Finance Guarantee program, broadening access for affordable housing providers and smaller residential developments as it seeks to accelerate housing delivery across the state.

The Minns Government says the program has already helped bring forward more than 600 homes across Sydney and regional NSW since launching in September 2025, with similar models now adopted in South Australia and Western Australia.

The latest changes, announced by Treasurer Daniel Mookhey and Minister for Planning and Public Spaces Paul Scully, are designed to improve access to finance for projects that have planning approval but are struggling to secure funding.

Among the key changes is an expansion of support for community housing providers. The program will now support up to 100 per cent affordable housing projects valued at up to $30 million when delivered by not-for-profit providers, while support for larger affordable housing developments will increase for projects worth up to $80 million.

The government says the changes will help accelerate the delivery of housing for low-income workers, older people, people living with disability, and those at risk of homelessness, while reducing reliance on direct grants or subsidised loans to bridge funding gaps.

The eligibility criteria for smaller residential developments have also been broadened. The previous $5 million minimum project value threshold has been removed and replaced with a requirement that projects deliver at least four homes.

Support has also increased for projects delivering fewer than 20 homes, with the guarantee now able to cover up to 75 per cent of dwellings in a development, capped at $30 million per project.

The changes are expected to particularly benefit smaller-scale and regional developments, which often face greater challenges meeting pre-sale requirements imposed by lenders.

Treasurer Daniel Mookhey said the scheme demonstrates how government can use its balance sheet to stimulate housing supply without relying solely on taxpayer-funded grants.

"The Pre-sale Finance Guarantee shows how this Government is using its balance sheet to reduce risk and unlock private investment, enabling new homes to move from design to construction faster," Mookhey said.

"This landmark reform allows us to deliver homes for working families at a lower cost to taxpayers, while also maintaining strong financial discipline."

Planning Minister Paul Scully said the program had already proven effective in bringing stalled projects to market.

"The Pre-sale Finance Guarantee has already proven it can unlock stalled projects and accelerate housing delivery by giving lenders the confidence they need to back good developments," Scully said.

"These changes will allow more affordable housing and smaller developments to access support so more homes can be built faster where communities need them most."

Housing Minister Rose Jackson said the expansion would help community housing providers overcome financing barriers that often delay projects.

"We know community housing providers are ready to build more homes, too often they're held back by barriers to finance," Jackson said.

"Expanding the Pre-sale Finance Guarantee helps remove those barriers so more affordable homes can get off the ground sooner."

The announcement was welcomed by the Property Council of Australia, which has long advocated for measures aimed at improving project feasibility and access to finance.

Property Council NSW Executive Director Katie Stevenson described the expansion as a practical intervention that addresses one of the most immediate constraints on housing delivery.

"This is exactly the kind of practical intervention we need right now, focused on getting projects out of the ground, not just approved," Stevenson said.

"It builds on a model the Property Council has worked closely with government to develop following calls for such a scheme ahead of last year's NSW Budget, so it's great to see it being expanded."

Stevenson said the reforms would help unlock projects that are ready to proceed but have been delayed by financing challenges. However, she noted that broader feasibility issues remain a significant barrier to increasing housing supply.

"The biggest challenge in NSW housing today is delivery. Too many projects have planning approval but are simply not financially viable to proceed under current settings," she said.

Speaking at the Property Council's NSW Housing Summit, Housing Minister Rose Jackson acknowledged that feasibility and financing pressures continue to constrain housing delivery, while reaffirming the government's commitment to work with industry on solutions.

Stevenson said the government's recognition of those challenges was encouraging ahead of next week's state budget.

"It's positive to see the government clearly recognising that feasibility pressures are now a binding constraint on supply," she said.

"With the Budget just days away, the focus must be on backing delivery, making sure projects stack up, finance can flow, and more homes can move from approval to construction."

The expanded Pre-sale Finance Guarantee forms part of the NSW Government's broader housing agenda, which also includes planning reforms, the NSW Housing Pattern Book, and a series of rezonings intended to increase housing capacity across the state.

NSW expands Pre-sale Finance Guarantee to unlock more affordable and regional housing

Design-led developer-builder Lowe Living has unveiled its latest residential development, Jardin House, marking its first foray into Melbourne's blue-chip City of Boroondara.

Located a short walk from Camberwell Junction, <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House</a> has been designed to appeal to affluent local downsizers and established families seeking a low-maintenance alternative to the large homes that have long defined Camberwell and surrounding suburbs.

The project will comprise a collection of two and three-bedroom apartments ranging from 92 sqm to 280 sqm, alongside a limited number of penthouse residences featuring rooftop terraces spanning more than 100 sqm, with optional private pools.

&nbsp;

[smartcode_project:default project_id=146717 project_image_fid=372212]

Lowe Living Co-Founder and Managing Director Tim Lowe said Camberwell represented a natural next step for the developer as it expands into some of Melbourne's most tightly held residential markets.

"Jardin House is an important project for our team as it marks the next evolution of our portfolio into different well-established blue-chip pockets of Melbourne," Lowe said.

"Camberwell, with its incredible walkability, family-led neighbourhood feel and superb access to education and transport, makes it a natural choice for us."

[smartcode_project:default project_id=146717 project_image_fid=372227]

Designed by Tristan Wong Architects, with interiors by Hecker Guthrie and landscaping by Acre, the development takes inspiration from the Art Deco architecture that remains a defining feature of many of Camberwell's established streets.

A curved facade, arched openings, textured brickwork and sculpted forms reference the suburb's architectural heritage, while extensive landscaping softens the building's presence and creates a strong connection to the surrounding tree-lined streetscape.

The project will be set behind a secure gated entrance, with residents arriving through landscaped gardens designed to create a transition between the public realm and private residences.

Inside, the residences feature natural stone and timber finishes, full-height glazing, Miele appliances and generous open-plan living areas designed for long-term owner occupation.

[smartcode_project:default project_id=146717 project_image_fid=372225]

While the apartments themselves have been designed to attract discerning owner-occupiers, it is the amenity offering that sets Jardin House apart from many other boutique projects currently launching across Melbourne.

The centrepiece is a 350 sqm private bathhouse curated in partnership with Aurora Spa &amp; Bathhouse founder Lyndall Mitchell.

The wellness precinct includes mineral pools, hydrotherapy experiences, a Himalayan salt room, sauna, steam room, cold plunge pools and dedicated relaxation spaces, creating what Lowe Living describes as a private wellness retreat exclusively for residents.

[smartcode_project:default project_id=146717 project_image_fid=372222]

The collaboration follows Lowe Living's recent partnership with Aurora at Maison Savoy in Brighton, although Jardin House is the first project to incorporate both indoor and outdoor wellness experiences.

Emma Lowe, Co-Founder and Managing Director of Lowe Living, said wellness was becoming an increasingly important consideration for apartment buyers.

"Collaborating with Lyndall Mitchell from Aurora Spa &amp; Bathhouse for a second time is an intentional nod to creating residences that are more than just homes, but a way to enrich the lives of our residents through wellness and longevity," Lowe said.

The amenity offering is complemented by a Technogym fitness studio, residents' lounge, private dining spaces and concierge services.

The launch comes as developers increasingly target Melbourne's established eastern suburbs, where rising land values, ageing housing stock and growing downsizer demand are creating opportunities for boutique apartment projects.

Lowe said the company expects significant generational wealth transfer across suburbs such as Camberwell in coming years, creating further demand for luxury apartment living.

"Camberwell is a blue-chip suburb where homes regularly transact for multiple millions of dollars," he said.

"The generational change of wealth in these locations expected in the coming years is significant, so we see an opportunity to create exclusive residences that appeal to older families and downsizers in order to meet this demand."

Apartments at Jardin house start from $1,195,000. The project forms part of Lowe Living's near-$1 billion portfolio of new developments across Melbourne.

[smartcode_project_cta:default project_id=146717]

Lowe Living launches Jardin House in Camberwell

As <a href="https://www.apartments.com.au/developments/north-sydney-nsw-2060">North Sydney</a> continues its transition from a commercial centre into a more layered residential and lifestyle precinct, a new generation of apartment developments is reshaping expectations around scale, amenity, and long-term liveability.

Improved transport connections through the Victoria Cross Metro, continued investment in dining and public spaces, and a constrained supply of new luxury apartments have sharpened demand for homes that combine proximity to the CBD with the privacy and outlook traditionally associated with harbourside houses.

At 177 Walker Street, <a href="https://www.apartments.com.au/developers/aland">ALAND</a>’s new apartment development <a href="https://www.apartments.com.au/new-apartments/the-walden-north-sydney-177-walker-street-north-sydney-nsw-2060">The Walden</a> enters the market with a distinctly residential approach to high-rise living. The 30-level tower will deliver 161 residences, ranging from one-bedroom apartments through to sub-penthouses and a full-floor penthouse, all oriented to capture uninterrupted views across Sydney Harbour, the Opera House, and out toward the Pacific Ocean.

[smartcode_project:default project_id=134323 project_image_fid=6395]

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, the project takes advantage of the site’s natural topography and elevated position above the harbour. Rather than relying on density alone, the architecture focuses on outlook, orientation, and spatial flow, with every apartment occupying a corner position to maximise natural light and cross ventilation.

Rothelowman says the site itself shaped much of the architectural response.

“The site has a long history in terms of its inevitable transformation and when we came in, we took inspiration from the idea of reestablishing a sense of the site’s natural terrain and fall. Our scheme aims to integrate with the terrain and the landscape, using the undulating site to slowly reveal glimpses and views of the harbour. The rotation of the tower off grid means every apartment has a view and is naturally cross ventilated. The building's colour palette is quintessentially Sydney, with bronze and sandstone and a luminescent green colour in the glass, making it very earthy and grounded in its location.”

[smartcode_project:default project_id=134323 project_image_fid=6399]

Inside the residences, the emphasis moves toward larger-format living typically associated with standalone homes. Kitchens sit at the centre of the apartments, connecting directly to open-plan dining and living areas before extending outward into expansive winter gardens and balconies. Calacatta marble, bespoke joinery, integrated appliances, and custom metal detailing are used throughout, while three distinct interior palettes, Terrace, Opera, and Harbour, allow buyers to personalise the spaces without compromising the architectural consistency of the project.

The larger residences place particular attention on separation between entertaining and private zones. In many apartments, master suites occupy the outer corners of the floorplates, allowing bedrooms to benefit from floor-to-ceiling glazing and harbour outlooks independent of the living spaces. Dressing rooms and ensuites continue the material palette through fluted detailing, freestanding baths, and layered stone finishes.

Rothelowman says the design intent centred on creating homes that feel enduring rather than transient.

“Our philosophy is all about the way people live in these spaces, and we wanted to create homes that reflect the quality of life in this unique Sydney location. The apartments showcase expansive living spaces that are generous, sophisticated, and bold, with the ability to connect with views throughout each apartment.”

[smartcode_project:default project_id=134323 project_image_fid=353235]

A separate four-storey amenity building known as The Pavilion expands the residential offering beyond the apartments themselves. Positioned alongside the tower, the building consolidates wellness, recreation, and social spaces into a dedicated resident retreat. Facilities include a 20-metre rooftop pool and sundeck, sauna, spa, ice bath, wellness studio, gymnasium, concierge service, wine cellar, residents’ lounge, private dining spaces, and dedicated co-working areas with meeting rooms and boardroom facilities.

The amenity mix reflects the buyer profile emerging in North Sydney, where owner-occupiers and downsizers are increasingly prioritising convenience, apartment scale, and long-term usability over purely investment-driven decisions.

The Walden also represents a significant milestone for ALAND, marking the company’s first major move into Sydney’s inner-city luxury apartment market after more than two decades delivering large-scale residential communities across Greater Sydney. Founder Andrew Hrsto says the Walker Street site stood apart because of both its positioning and its rarity.

[smartcode_project:default project_id=134323 project_image_fid=6390]

“As a company, we had been searching for a site in one of Sydney’s blue-chip locations, spanning the Eastern Suburbs, the Sydney CBD and the North Shore, and when we had the opportunity to purchase this site, we immediately recognised that it could be something iconic.”

At launch, The Walden recorded more than $103 million in sales, with buyers drawn to the project’s harbour positioning, apartment scale, and proximity to the Metro, which now connects North Sydney to Barangaroo in three minutes and Martin Place in five.

ALAND has commenced construction, and is expecting a completion date in 2028.

[smartcode_project_cta:default project_id=134323]

The Walden pairs house-scale living with North Sydney connectivity

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

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

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

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

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The retired NRL legend Greg Inglis continues to shuffle his property portfolio, after selling out of Sydney.
The former South Sydney Rabbitoh has just bought a Queensland duplex in partnership with his estranged wife, Sally Robinson.
Robinson, who separated from Inglis last year, moved back to Queensland with their two young children.
They have paid $920,000 for a resort-style home nearby in Shorncliffe, a coastal suburb northeast of Brisbane. The recently renovated, decade-old two-storey home has six bedrooms. Both levels of the home have three bedrooms.
There’s also a saltwater swimming pool at the new buy.
The purchase has prompted the listing of Inglis’s long-time Bargara apartment in the Bundaberg region.
Inglis, who returned to Rabbitohs training this week for the first time since checking in to rehab, is set to make a loss on the apartment that he bought brand new.
He paid $590,000 in 2008, shortly after the Global Financial Crisis hit.
Prices haven’t recovered in the Queensland coastal region and Inglis is asking $475,000 for the two-bedroom ocean-facing apartment in the Manta apartment complex.
He is offering it fully furnished through Coastline Realty agent Emma Bauer.
It comes as Inglis, who has been a Little Bay-based renter, recently offloaded his former Coogee home for $2,475,000 through McGrath agent Marnie Seinor.
Inglis had bought the Coogee semi after his move from Melbourne at the end of 2010.
He paid $1.1 million for what was then a two-bedroom federation home and then transformed the property into a three-level, four-bedroom home, behind its period facade.
The Kempsey-born star retired from rugby league earlier this year.
He was first signed with the Canberra Raiders at 15, but didn’t play a game before moving to Brisbane and playing for Melbourne Storm’s feeder club before being added to the Storm’s playing roster in 2004.
This article was first published in the Saturday Daily Telegraph.  
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firstname1-iYD4UYzvBa

Greg Inglis buys Shorncliffe, Queensland home 

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Aussie Home Loans founder John Symonds is selling Hansa, his super megayacht, with hopes to build a new one in the future.
He's asking around $160 million, which would be $60 million more than Australia's most expensive home, for the 73 metre vessel which was only delivered in 2017.
It has been reported on The Australian's Margin Call that there is heat in the market at the moment.
Symond's son Stephen has been recently using the boat, sailing from New York City out to The Hamptons.
<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/2019/8/6/Hansa%20Aussie%20John%203.jpg" alt="">
Hansa won award at last years World Superyacht Awards for her exterior lines, large jacuzzi and high-quality finish.
It was built by Dutch shipyard Royal van Lent.
The boat was a big reason as to why Aussie John was listening to offers for his Point Piper mega mansion, given plans he and wife Amber McDonald had to travel Europe on the water.
The listing, referred to as a 'her' in its marketing, is one of the most expensive this year.
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It features its own beach club, an eight metre infinity swimming pool, its own gym, hair salon, lift and 10 seat cinema on the main deck.
There's a lower deck wellness centre with a massage room.
<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/2019/8/6/Hansa%20Aussie%20John%202.jpg" alt="">
An elevator serves the lower, main and bridge decks. 
There are six cabins that sleep 12, with a catering crew of 21.
 <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/2019/8/6/Hansa%20Aussie%20John%204.jpg" alt="">
The owners suite, on the main deck, has his and hers bathrooms, separate dressing rooms, a lounge and a private study.
Its twin MTU diesel engine gives it a top speed of 16.6 knots, around 30 kilometres an hour.
The boat isn't the most expensive however on the market.
That gong goes to Secret, a 2013 built, 82.5 metre yacht built by German boat builders by Abeking &amp;<a class="C-17" href="http://abeking.com/" target="_blank"> </a>Rasmussen. It is currently on the market for nearly $200 million.
<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/2019/8/6/Secret%20Yacht.jpg" alt="">
The opulence almost overtakes Symonds.
The interiors are designed by Jim Harris, with the exterior by the acclaimed yacht designer Sam Sorgiovanni.
The boat is owned by American businesswoman Nancy Walton Laurie an American heir to the Walmart fortune.
Walton Laurie has an estimated fortune of US$6.6 billion (AU$9.7 billion).
 <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/2019/8/6/Secret%20Yacht%202.jpg" alt="">
Harris was also responsible for the interior of Walton’s previous Feadship yacht.
Is is believed Walton bought the superyacht Jubilee.
Walton's sister Ann Kroenke, fellow heir to the Walmart fortune, owns the yacht Aquila.
None of the above mentioned boats come close to being the most expensive yacht ever, which is in the billions.
The History Supreme is worth $4.8 billion, given it is made from solid gold.
Some 10,000 kilograms of solid gold was used by renowned luxury yacht designer Stuart Hughes from the UK. The build of the fairly modest 30 metre yacht took three years.
It reportedly belongs to Malaysia's richest man Robert Knok.
The master bedroom has wall feature made from meteorite rock and a statue made from genuine Tyrannosaurus Rex bones.
It also features a 68 kg 24-carat gold Aquavista Panoramic Wall Aquarium and a liquor bottle featuring a rare 18.5 carat diamond. 
Russian billionaire Roman Abramovich, owner of English Premier League football club Chelsea, owns the $1.5 billion Eclipse, the second most expensive boat in the world.
He's regularly on the gigantic 170 metre yacht built by Blohm and Voss of Germany and designed by Terence Disdale. 
It has a mini submarine capable of submerging up to 50 metres underwater.
Abramovich is rarely photographed on the boat, namely due to the fact there's an anti-paparazzi shield which consists of lasers sweeping the surrounding areas.
Australian billionaire Brett Blundy recently offloaded his 74 metre Italian superyacht Cloud 9, according to Margin Call. 
 
 
 
 
 
 
 
 
 
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jrobinson-rf4aSBido9

Aussie John Symond lists superyacht Hasna for $160 million, eyeing a bigger future boat

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A coastal Victorian island retreat once owned by pop superstar Kylie Minogue has been sold.

It is the farm holding she owned between 2005 and 2010, not her residential retreat, Beauciel.

Set in Westernport Bay, the environmentally sensitive French Island is about twice the size of nearby Phillip Island, but has just 120 permanent residents.

It is only accessible by helicopter, plane or boat.

The 71 hectare elevated farmland property, that comes with building permits, was sold by Minogue for $530,000 in 2010. She had paid $292,000 in 2005.

[smartcode_project:default project_id=5559]

There are four dams, a private billabong, large established gum trees and natural bushland, excellent pasture, and orchard.

There are koalas too.

Phil Bock at Century 21 Home Port secured the sale of the Farm Road property on behalf of Janet Towns, the widow of the late medical microbiologist Dr David Lesie.

Minogue's nearby Beauciel home last sold at $875,000 in 2016.

Minogue had paid $280,000 in 2003 and sold it in 2009 for $1.02 million.

This article was first published in the Weekend Australian.
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French Island estate once owned by Kylie Minogue sold

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Western Australia is still considered in some regions to provide good value in comparison to other Australian states and territories, according to the latest Herron Todd White (HTW) rural report. 
The report notes that the state is very diverse; from cattle stations in the northern pastoral regions to vineyards in the south-west and many other agricultural, horticultural, silvicultural and aquaculture land uses in between.
"We consider that the entry level in Western Australia would initially be at a hobby farm level in areas which are affordable for a scale which can develop some level of return and then build on from there," the valuation firm said. 
A number of areas surrounding the Perth metro area, south-west and great southern have been heavily influenced in the last couple of decades by rural lifestyle purchasers driving land values beyond limits to make a commercial return and what would be considered entry level rural.
A 20 hectare city farm in Hopeland, an outer suburb of Perth has been sold for $500,000.
The horse and hobby farm at <a href="https://www.realestate.com.au/sold/property-farmlet-wa-hopeland-7996770" target="_blank">Lot 504 Henderson Road</a> (pictured below) comes with tree lined creek and mature trees throughout the property. 
It is close to the surface water including a soak. 
<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/2019/7/25/hopeland%201.jpg" alt="">
"We therefore would look to the wheatbelt areas and the medium to low rainfall areas that have lower land values. However, they also have lower yields and are more susceptible to drought conditions, so not without risk," the valuation firm said. 
"We did a quick search and for $460,000 you can buy 1,259 hectares or 949 arable hectares at Bencubbin in the eastern wheatbelt.
"For a purchaser looking to get into agriculture this is an affordable level and scale with residential improvements. 
"The asking price equates to $485 per arable hectare which outside of pastoral regions would be considered one of the lowest price points in the country.
"This scale would not be viable as a sole source of income however someone interested in agriculture could work in the industry in the surrounding areas and use this as a starting point to build a viable operation and also use as accommodation."
According to the HTW report, current livestock and machinery prices will make it difficult to stock and crop the property straight away and require additional investment, however the use of contractors for cropping or building a mob of sheep over time can limit the initial capital outlay required.
Benchmark surveys indicate that the low rainfall region can produce up to 1.7 t/ha of wheat and carry 2.4 DSE/winter grazed hectare.
A number of good seasons have seen demand for cropping and grazing properties increase with values increasing accordingly across a number of wheatbelt regions. 
This area has been subject to drought conditions and therefore subject to higher risk of not providing a return and therefore capital gains will likely be lower.
A current listing within Wheatbelt regions is Grassdale, a 246 hectare property that has been offered to the market in the first time with $1.5 million hopes. 
Located on the edge of the Wandering,<a href="https://www.realestate.com.au/property-lifestyle-wa-wandering-700040406" target="_blank"> Grassdale </a>(pictured below) features quality soils, grazing, treed creek lines, rock and bush as well as lower saline land. 
It includes an early 1900s dwelling with views, shearing shed, six main paddocks with twi smaller holding paddocks and seven dams. 
<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/2019/7/25/grassdale%20.jpg" alt="">
"We do however note that the continuous development of agricultural technology and plant varieties is resulting in an potential increase in yields and returns and these developments could have a significant impact on the production potential of the lower rainfall areas which has the potential to flow on to capital gains." 
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j.ballantyne1990-6AQqhLzZaK

Good value to be found in Western Australia rural market: HTW rural

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Australian businessman Graeme Samuel has sold his former Toorak home.
The now Brighton-based former consumer rights chief was seeking $8 million to $8.4 million for the single-level home which was created by building designer Kim Andrews and John McNamara.
The former competition watchdog sold it to Samantha Jreissati who seeks to accommodate her growing family.
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<div id="adspot-1x1-pos-5" class="ad" data-google-query-id="CMas9IzW6OMCFZUPKwodZHMPKg">
<div id="google_ads_iframe_/31694718/domain.com.au/news/prestige_3__container__"><iframe title="3rd party ad content" name="google_ads_iframe_/31694718/domain.com.au/news/prestige_3" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" width="1" height="1" data-google-container-id="7" data-load-complete="true" data-integralas-id-e227a4ba-f9e9-94fc-324f-20e349ced645=""></iframe></div>
</div>
</div>
<div class="in-content-ad">
<div id="adspot-1x1_300x250-pos-2" class="ad">The <a href="https://www.realestate.com.au/property-house-vic-toorak-131083306" target="_blank">three-bedroom plus study home</a>, located in a quiet cul-de-sac, features a swimming pool and spa alongside an entertaining terrace with barbecue kitchen.</div>
</div>
<div class="in-content-ad">
The buyer recently listed her half-floor luxury apartment in the Eureka Tower skyscraper in Southbank with a price guide of $8.8 million.
Jreissati, who is general counsel at Bensons Property Group, chaired by her father Elias Jreissati.
</div>
</div>
It sits in 855 square metres of landscaped gardens by Jane Jones that feature a swimming pool.
<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/2019/5/29/too%203.jpg" alt="">
Samuel paid $3.05 million in 2007 before its full scale renovation.
It was owned in the 1970s by media executive David Evans who sold his nearby home, Koonda last month.
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Businessman Graeme Samuel sells Toorak home to Samantha Jreissati

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Lex Greensill, the farmer turned billionaire financier, has bought up big in Queensland's Bundaberg region.

The Greensill Capital boss has spent $4.12 million on The Glass House, the <a href="https://www.realestate.com.au/sold/property-house-qld-bargara-130342238" target="_blank">multi-award winning home in Bargara</a>, a coastal town.

The home will no doubt act as a base for Greensill who is opening a bond-issuance team in Bundaberg for his $5 billion business.

[smartcode_project:default project_id=26730]

Designed by LG International architects in collaboration with SBT Design, the absolute beachfront on Kelly's Beach was designed to connect to its natural surrounds.

Each of the three levels are serviced by a unique Italian glass Domus lift.

The five bedroom home sits in 2,240 sqm of tropical gardens that feature a heated pool, wood-fire pizza oven and barbecue.

[smartcode_project:default project_id=88984]

Ray White New Farm agents Hamish Bowman and Perry Edmondson-Clark secured the sale.

Raised on his parent's sugar cane and sweet potato farm in Bundaberg, Greensill studied law by correspondence and worked at a local law firm.

This article was first published in the Weekend Australian. 

 

<h2> </h2>

<h2 id="expandedAddress_icons"> </h2>

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Billionaire Lex Greensill buys Bundaberg's The Glass House

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Sydney’s second biggest CBD, <a href="/new-apartments/parramatta-nsw">Parramatta</a>, is seeing an influx of development in the heart of its major business and commercial centre. Growing in population above 27,000 people, residential high rise projects are being focused to the city centre, resulting in a new wave of urban density.

The culturally diverse suburb is the oldest inland English settlement which is now home to a myriad of Heritage buildings, the 10th largest shopping centre in Australia, Westfield Parramatta, the renewed Western Sydney Stadium along the Parramatta River, a vibrant Church Street with boutiques, cafes, bars and Indian and Chinese cuisine options and Western Sydney University. 

With NAB relocating 3000 employees from <a href="/developments/sydney-nsw">Sydney CBD</a> to Parramatta CBD, revamped works of major roads, squares and the main service station, Parramatta is experiencing a major boom.

Here are a few exciting projects igniting the city centre. 
 

<a href="/new-apartments/8-phillip-street-2-10-phillip-street-parramatta">8 PHILLIPS STREET - RESIDENTIAL + HOTEL</a>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/woods_bagot_8_phillip_street.jpg" rel="gallery-all" title="Render by Woods Bagot"><img alt="" class="image-article-full-width-580px" height="1043" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/woods_bagot_8_phillip_street.jpg?itok=w3r_iSHh" title="Render by Woods Bagot" width="580"></a>

<figcaption>Render by Woods Bagot</figcaption></figure>Woods Bagot’s 8 Phillips Street is a 55 story rhomboid-shaped glass tower will feature Sydney’s tallest rooftop bar, ‘Studio 54’ with sweeping views over the city. 
The tower will comprise of 314 luxury one, two and three bedroom apartment configurations including studio and penthouse options and the QT Boutique Hotel with over 200 deluxe rooms and 50 executive suites.

<a href="/architects/woods-bagot">Woods Bagot</a> boldly incorporates the existing heritage building, the 1926 St. Andrew’s Hall, by integrating it into the entrance with the new development floating above, making for a stunningly impressive residents lobby and streetscape. The five story trapeze garden at the entrance to the tower is just a hint of what’s to come with balcony overhanging plants and a rooftop garden featuring contemporary native Australian species, planted to create a secret garden oasis with intimate communal spaces. 
 

<a href="/buildings/the-lennox-12-phillip-street-parramatta">THE LENNOX - RESIDENTIAL</a>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the_lennox_source_jpw.png" rel="gallery-all" title="Render by JPW Architects"><img alt="" class="image-article-full-width-580px" height="722" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/the_lennox_source_jpw.png?itok=wkRIFLHV" title="Render by JPW Architects" width="580"></a>

<figcaption>Render by JPW Architects</figcaption></figure><a href="/architects/jpw-architects">Johnson Pilton Walker Architects</a>’ The Lennox tower is one of many high rise residential developments springing up throughout Parramatta. Rising 152 metres above the Parramatta River, the uninterrupted views are one of the many 5 star amenities such as a private lounge room with entertainment deck, a pool, outdoor terrace and zen wellness and fitness centre.

The Lennox will be part of the gateway that is set to dominate the CBD’s skyline, being the first one many high rise towers visitors will see as they cross the bridge. The first three floors of the podium will include retail tenancies, a council owned discovery centre, a conference centre and a cafe with an upgrade riverfront for public use.

Many <a href="/developments/parramatta-nsw">Parramatta developments</a> aren’t just privatised residential components, but like The Lennox, have much to offer the public domain whether that be revitalising waterfronts, providing civic spaces or enlivening heritage structures. 
 

<a href="/buildings/west-village-88-church-street-parramatta">WEST VILLAGE - RESIDENTIAL</a>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/woods_bagot_west_village.jpg" rel="gallery-all" title="Rendering by Woods Bagot"><img alt="" class="image-article-full-width-580px" height="735" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/woods_bagot_west_village.jpg?itok=A-Lfi2-l" title="Rendering by Woods Bagot" width="580"></a>

<figcaption>Rendering by Woods Bagot</figcaption></figure>The sophisticated residential tower provides 397 world class apartments across 40 floors and rising 150 metres above the Parramatta skyline. Woods Bagot has designed this high quality tower which aims to give the city centre that new edge and connect to the streetscape with ground floor retail and cafes.

Developers <a href="/developers/ecoworld-international">EcoWorld</a> have enlisted landscape architect Myles Baldwin to conceptualise the podium garden above level 7 with sweeping views of the Sydney CBD with fully equipped chef’s kitchen, alfresco dining options, leafy terraces and a barbeque area.

Rumours are that Malaysian favourite ‘Chinta Ria’ and gourmet Italian providore ‘Salt Meats Cheese’ are to open tenancy on the ground floor strip, proving that collaboration between developers, architects and suppliers have made for a very important and vibrant project.

As this development takes shape, by the time it completes in late 2019, it will have cemented itself into the Parramatta community fabric and truly embodies the city centre moving towards a progressive future. 
UPDATE: <a href="/news/parramatta-s-west-village-tops-out-at-40-levels">West Village tops out at 40 storeys</a> as of late November 2019 with a 95% sales rate success. Designed by <a href="/architects/woods-bagot">Woods Bagot</a>, the tower features 398 luxury one, two and three bedroom apartments which rise from the vibrant ground floor retail precinct. 

 

<h2><a href="/developments/parramatta-nsw-2150">PARRAMATTA SQUARE - OFFICE, MIXED USE</a></h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/parramatta_square_source_jpw_architects.jpg" rel="gallery-all" title="Render by JPW Architects"><img alt="" class="image-article-full-width-580px" height="363" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/parramatta_square_source_jpw_architects.jpg?itok=4qxvXTX3" title="Render by JPW Architects" width="580"></a>

<figcaption>Render by JPW Architects</figcaption></figure>Masterplanned by <a href="/architects/jpw-architects">Johnson Pilton Walker Architects</a> as a response to the growing city, Parramatta Square comprises of 6 stand alone buildings with their own importance to the urban renewal precinct. The towers, a commercial tower to which is the new campus for 10,000 Western Sydney University students, a mixed use residential tower, proposed to be the tallest for Parramatta, a 5 Star Green office tower including a civic building, community centre and library, a 5 Star Green commercial and retail building central to the square and dual 5 Star Green energy office towers.

The 6000 square metres of open space is dedicated and centred around the rich heritage sandstone of St. John’s Cathedral and the Parramatta Town Hall and is pedestrianised with green space and public plazas to connect and integrate the new commercial, residential and community buildings.

Connected either side of the precinct by a future light rail extension and Parramatta Station, visitors and locals will be able to flow through the community heart with ease. 

Parramatta Square is about providing a higher quality of life for residents and workers with a world class premium health and fitness club, an A-grade child care facility and bespoke Business and Events centre with meeting rooms and auditoriums making the work/life integration effortless.

 

<h2>ARTHUR PHILLIP HIGH SCHOOL - EDUCATION</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/arthur_phillip_-_grimshaw_and_bvn.png" rel="gallery-all" title="Arthur Phillip vertical school by Grimshaw Architects and BVN Architecture."><img alt="" class="image-article-full-width-580px" height="365" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/arthur_phillip_-_grimshaw_and_bvn.png?itok=PeIvPKpF" title="Arthur Phillip vertical school by Grimshaw Architects and BVN Architecture." width="580"></a>

<figcaption>Arthur Phillip vertical school by Grimshaw Architects and BVN Architecture.</figcaption></figure>Arthur Phillip High School is Australia’s first vertical high school accommodating 2000 students across 16 floors of educational indoor and outdoor facilities. 
With flexible teaching spaces, adaptable room configurations and technology rich rooms that expand small to large for certain class sizes, the design aspect will mean that students and teachers will benefit from their environment with better opportunities for collaboration and personalised learning.

The collaborated architectural and landscape design by <a href="/architects/grimshaw-architects">Grimshaw Architects</a> and <a href="/architects/bvn-architecture">BVN Architecture</a> helps to deliver a truly remarkable community engaged structure aimed to meet the growth of secondary students in and around the Parramatta catchment area.

Opening in 2020, the high school will join the 1000 student facility Parramatta Public School on the existing school sites with combined tennis and basketball courts, a football field and rooftop gardens for both structures as social and environmental consciousness is encouraged.

With this development, Parramatta is set to become an even more exciting, vibrant and inclusive hub for innovation, technology, retail and commercial business. 
A fly through <a href="/news/council-offers-a-glimpse-of-what-parramatta-will-look-like-in-the-near-future">unveiling the future of the CBD</a> has been released via The City of Parramatta Council encompassing 30 different projects that won design excellence competitions over the past four years with the council stating they have a combined development value of $5.5 billion.

<h2> </h2>

 
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Nick Dante

Parramatta: Suburb Guide. Highlighting new developments in Sydney's second CBD

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The Cremorne harbourfront residence intended by Karl Stefanovic and Cassandra Thorburn as their dream home has reportedly been sold.
Offers were being sought at $9 million plus for the ultra-contemporary three storey residence (above and below).
The property sale was secured Monday night, although remained listed on the agency website Tuesday morning.
The listing agent had declined to give the sale price.
Thorburn posted to her Instagram a picture of her with the agent at its twilight inspection.
<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/2019/8/6/Thorburn.jpg" alt="">
The Cremorne property is officially held in the name of Thorburn after their split almost three years ago, but The Sunday Telegraph's Sydney Confidential reported last month the warring couple will split any profit.
<div class="m_-5906414185323199109gmail-in-content-ad">
<div id="m_-5906414185323199109gmail-adspot-1x1-pos-5" class="m_-5906414185323199109gmail-ad">
<div id="m_-5906414185323199109gmail-google_ads_iframe_/31694718/domain.com.au/news/prestige_3__container__">The 756 sqm Wonga Road property cost the couple $8 million in 2016 when the couple lived at Lindfield where they pocketed $3.8 million.<a href="https://www.domain.com.au/news/karl-stefanovic-and-cassandra-thorburn-score-a-snappy-38-million-sale-20161115-gspf46/" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://www.domain.com.au/news/karl-stefanovic-and-cassandra-thorburn-score-a-snappy-38-million-sale-20161115-gspf46/&amp;source=gmail&amp;ust=1563227950708000&amp;usg=AFQjCNHthNzN7Y1R0Ee6mqzBegCejcPuTw"></a>
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</div>
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<div class="m_-5906414185323199109gmail-domain-related-articles">The north-facing residence is spread over 450 square metres internal living space with lift access to all three levels.  </div>
<div class="m_-5906414185323199109gmail-domain-related-articles"> </div>
<div class="m_-5906414185323199109gmail-domain-related-articles"><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/2019/7/15/Karl%20Stefanovic%20Cremorne%202.jpg" alt=""></div>
<div class="m_-5906414185323199109gmail-domain-related-articles"> </div>
<div class="m_-5906414185323199109gmail-domain-related-articles">There are balconies totally 150 sqm that look over boats towards Folly Point at Cammeray. </div>
<div class="m_-5906414185323199109gmail-domain-related-articles"> </div>
<div class="m_-5906414185323199109gmail-domain-related-articles">The floor plan is revealed as including five bedrooms.</div>
<div class="m_-5906414185323199109gmail-domain-related-articles"> </div>
<div class="m_-5906414185323199109gmail-domain-related-articles">There are formal and informal living areas with huge fireplace.</div>
<div class="m_-5906414185323199109gmail-domain-related-articles"> </div>
<div class="m_-5906414185323199109gmail-domain-related-articles"><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/2019/7/15/Karl%20Stefanovic%20Cremorne%203.jpg" alt=""></div>
<div class="m_-5906414185323199109gmail-domain-related-articles"> </div>
<div class="m_-5906414185323199109gmail-domain-related-articles">There's a bar next to the patio barbecue.</div>
<div class="m_-5906414185323199109gmail-domain-related-articles"> </div>
<div class="m_-5906414185323199109gmail-domain-related-articles">There's a wine cellar plus an indoor pool with huge television set on its wall, plus a steam room.</div>
<div class="m_-5906414185323199109gmail-domain-related-articles"> </div>
<div class="m_-5906414185323199109gmail-domain-related-articles"><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/2019/7/15/Karl%20Stefanovic%20Cremorne%204.jpg" alt=""></div>
<div class="m_-5906414185323199109gmail-domain-related-articles">
<div class="m_-5906414185323199109gmail-domain-related-articles"> </div>
<div class="m_-5906414185323199109gmail-domain-related-articles">There is also an inclination down to the waterfront facilities with a boat shed. </div>
</div>
<div class="m_-5906414185323199109gmail-domain-related-articles"> </div>
<div class="m_-5906414185323199109gmail-domain-related-articles">The couple never got to complete construction of its jetty.</div>
<div class="m_-5906414185323199109gmail-domain-related-articles"> </div>
<div class="m_-5906414185323199109gmail-domain-related-articles">After laying down an $800,000 deposit there was an 18-month build after which Thorburn and the couple’s three kids finally moved in in 2017, by which time Stefanovic was ensconced in a nearby home with shoe designer, Jasmine Yarbrough.</div>
<div class="m_-5906414185323199109gmail-domain-related-articles"> </div>
<div class="m_-5906414185323199109gmail-domain-related-articles"><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/2019/7/15/Karl%20Stefanovic%20Cremorne%205.jpg" alt=""></div>
<div class="m_-5906414185323199109gmail-domain-related-articles"> </div>
<div class="m_-5906414185323199109gmail-domain-related-articles">Thorburn, who has dabbled in television appearances, was a journalist and has turned to being a children's author have published her co-authored book, called Leo Lion's Big Bed! in 2018.</div>
<div class="m_-5906414185323199109gmail-domain-related-articles">
Stephanovic and his subsequent partner Jasmine Yarbrough wed in a lavish Mexican four-day celebration last December,The Cremorne record sits at $18.8 million for a  five-level mansion.
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The home was marketed as "an exceptional lifestyle opportunity." 
The developer Tony Blanche has retained the non-waterfront residence above the Thorburn harbourside listing.
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Karl Stefanovic and Cassandra Thorburn's Cremorne dream home snappily sold

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Sydney's stylish grandads Mitch and Mark have been made bookmakers favourites after the first episode of The Block 2019 aired on Sunday.
The Potts Point locals, who flip properties for a living, have been priced in at $3 on Sportsbet.
Sportsbet.com.au's Rich Hummerston said judging by the amount of tears shed in the first episode, this year’s Blockheads have the task ahead of them.
"Mitch and Mark are experienced flippers, which should give them an edge."
The couple, who have flipped 15 properties across Sydney, are currently seeking a buyer for <a href="/news/the-block-oslos-mitch-and-mark-seek-north-bondi-buyer">one of their North Bondi projects.</a>
Second favourites are Melbourne representatives Jesse and Mel, who have eased from $3 to $4.
Jesse is a <a href="/expert-insights/building/the-agencys-jesse-raeburn-portrayed-as-cocky-contestant-on-skint-the-block-goldrush-series">real estate agent at The Agency</a> and sold The Gatwick apartment of Courtney and Hans last year.
Tess and Luke, the newlyweds from the Sunshine State, are priced at $4.50.  
Andy and Deb, the second representatives from New South Wales, are fourth favourites at $5 and the outsiders are experienced renovators from WA, El'ise and Matt.
Photo credit Channel Nine.
 
 
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Sydney grandads Mitch and Mark made bookies favourites after The Block 2019 first episode

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For the first time in NSW, the Government and non-Government sector will combine to conduct large-scale street counts in regional and rural areas, to help inform the state’s homelessness investment.
Minister for Families, Communities and Disability Services Gareth Ward said the initiative would complement the $10.7 million expansion of assertive outreach services to Newcastle and Tweed Heads.
“This week is National Homelessness Week and I’m proud to be part of a Government that is leading the charge on this important issue,” Mr Ward said.
“We are committed to halving rough sleeping by 2025 and these street counts will assist with planning and investment around this ambitious target.
“We are supporting people at risk of homelessness by putting more boots on the ground in the form of assertive outreach teams, which engage directly with rough sleepers and help them into stable homes.”
Assertive outreach already operates in Sydney’s CBD, Parramatta and on trains at night. They work in partnership with health services, general practitioners and NGOs to provide a targeted response and case management approach.
Recent figures reveal that more than 455 people previously sleeping rough on Sydney streets have been housed since 2017, with 92 per cent sustaining their tenancies.
“The NSW Government’s assertive outreach program is achieving great outcomes for some of the most vulnerable people in our State,” Mr Ward said.
“However, we recognise that homelessness can also be hidden. Our $1 billion investment includes initiatives to address all forms of homelessness, including programs to increase the supply of social and affordable housing.”
In 2019, Sydney became the tenth city, and NSW the first state, to join the Institute for Global Homelessness Vanguard City program. The first trial street counts will take place in Newcastle, Tweed Heads and Western NSW in coming months with a statewide count planned for February 2020.
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