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?

<html><body>
The Perth housing market is doing better than expected, supported by lower interest rates and the continued strength of non-rural commodity prices, according to Moody's Analytics.
They forecast the Greater Perth area's house values to increase by a total of 6.4% over 2020 and 2021, after a -6.9% decline in 2019. 
Similarly Greater Perth apartments are expected to see a recovery too, albeit smaller, with a total growth of 4.8% over 2020/2021. However, this follows a decline of -7.3% in 2019.
The outlier however is Mandurah, with growth of 12.9% forecast in 2020 and 8% in 2021, off of the back of 4.3% in 2019.
Mandurah is the only region in WA which apartments are forecast to see growth during 2019.
Moody's said growth in housing values is because the labour market in Western Australia has been comparatively weak for some time, with the growth in employment lower than the national average since 2015.
The unemployment rate in the state is among the highest in the country, 6.1% in April compared with the national average of 5.1%, and wage growth remains the lowest of all the states on a year-over-year basis.
<img src="https://www.urban.com.au/images/2019/6/27/Perth%20Moodys%201.JPG" alt="">
Perth-Inner is expected to experience the steepest fall this year in house values but will recover slightly in 2020.
Meanwhile Perth-North West and Perth-Inner are expected to have the greatest price falls in apartments this year, with the fall flowing through to next year as well for the former region.
"Rental values fell more than 20% peak to trough from May 2013 to November 2017, a sign of continued excess supply," the report said.
"A slow recovery in rental value over the next two years will help the housing market recover."
Perth-North West, encompassing Joondalup, Stirling and Wanneroo, is representative of the trends across Greater Perth.
<img src="https://www.urban.com.au/images/2019/6/27/Perth%20Moodys%202.JPG" alt="">
</body></html>

j.ballantyne1990-6AQqhLzZaK

Mandurah to lead WA apartment market recovery: Moody's Analytics

<html><body>
Melbourne house prices are expected to significantly outperform units in the medium to long term, according to Moody's Analytics.
They forecast the Greater Melbourne area's house values to increase by a 1.3% in 2020 and make a large recovery of 6% in 2021, after a -10.8% decline in 2019. 
Moody's said the fall in values has been most pronounced in Melbourne’s inner suburbs, where house values have fallen as much as 21% from their peak
The decline of unit values across Greater Melbourne has been less pronounced than for detached houses.
Similar to the detached house market, however, unit values have also displayed tentative signs of improvement.
<img src="https://www.urban.com.au/images/2019/6/27/Melbourne%20Moodys%201.JPG" alt="">
House values in Melbourne-Inner East have edged up since April, while the pace of declines has slowed noticeably in Melbourne-Inner South and Melbourne-South East.
"Notably, dwelling fixed investment declined for the second straight quarter, with the fall in residential building approvals suggesting further weakness ahead," the report said.
"Indeed, housing finance commitments in Victoria, including those for construction of new dwellings continue to fall from year-ago levels.
"In 2019 Melbourne Inner East, Inner South and Outer East are expected to experience the largest declines, with home values forecast to fall by 13.9%, 14.9% and 12.7%, respectively."
By early 2020, house values across most of Greater Melbourne are forecast to experience a return to month-on-month growth.
Overall, Greater Melbourne house values are expected to tick up 1.3% in 2020, with Melbourne-Inner East and Melbourne-North East leading the recovery.
<img src="https://www.urban.com.au/images/2019/6/27/Melbourne%20Moodys%202.JPG" alt="">
</body></html>

Melbourne house values to recover 7.3% in two years: Moody's Analytics

<html><body>
Owners of units in Sydney’s beleaguered Opal Tower have lodged a class-action lawsuit against the Sydney Olympic Park Authority, which owns the land on which the complex was built.
The action was filed in the NSW Supreme Court on Friday led by owner Terry Williamson.
Lawyers for the owners have filed documents against the NSW government and Sydney Olympic Park Authority, claiming the building was not designed and constructed with due care and skill, and was not reasonably fit for occupation. 
The newly-built block in Sydney Olympic Park was evacuated on Christmas Eve after cracks were discovered in the building that briefly sparked fears it could collapse.
Owner investors are looking to claim lost rental income they can't claim from builder Icon due to a waiver that would forfeit their right to sue.
Dcuments lodged to the NSW Supreme Court by Corrs Chambers Westgarth seek access to designs and contracts relating to the design of Opal Tower.
Gladys Berejiklian has defended the right of owners to sue her government.
“I don’t blame anybody for taking legal action to defend their own rights,” Ms Berejiklian said.
Premier Gladys Berejiklian noted it was "an unfortunate set of circumstances."
"We inherited the system we have today and we’re aiming to fix it by the end of the year through legislation.”
Ms Berejiklian said the government will be announcing a new building commissioner “imminently” to oversee the problem-plagued construction industry.
“(The commissioner) will ensure moving forward that everybody in the industry not only is aware of their responsibilities, but delivers on those responsibilities to the nth degree,” she said.
In an update to residents in mid-July, the tower’s builder, Icon, said site works have been “progressing well” and structural works should be completed by the end of the month.
Residents of a further 40 apartments in Opal Tower are set to be allowed to return to their units on Friday after inspections are carried out.
The NSW government's reform plans for the state's building and construction industry are not enough to fix it, industry group, The Owners Corporation Network (OCN) submission to the government says.
"Good buildings are now going to be under suspicion until people satisfy themselves they are not defective. This is a GFC-style situation, where credit ratings and the risk for financial products came into question. In that case loss of confidence in the financial system became a contagion," the report states.
"The NSW government needs to step into the breach just as it did when HIH and FAI Insurance collapsed in March 2001."
 
</body></html>

Opal Tower owners sue the NSW government

<html><body>
The Agency has dipped to a record low share price of just below 7 cents on the ASX yesterday, in the week after its announcement it had secured $5.6 million in funding.
It was trading at 22 cents in mid-February and at 31 cents last September, but 6.7 cents in recent trade which values the company at $7.2 million.
Sharemarket analysis website commentary suggested the latest capital raising was foreseeable since the company had "never been adequately capitalised."
"Their overheads are crazy," one shareholder noted.
Before the announcement last week the sharemarket analysis had hoped the fundraising wasn't "too dilutive to existing holders who just keep getting watered down."
But the capital raising that saw the Sydney-based boutique investment group Magnolia Capital becoming a substantial shareholder was highly dilutive.
Magnolia Capital now have up to an 18 percent holding in The Agency, with their director Mitchell Atkins joining The Agency board as a non-executive director.
Honan Insurance Group also invested. 
The Australian newspaper reported The Agency has "secured a lifeline from Sydney boutique investment group Magnolia Capital, allowing it to extend its $12.5 million debt to Macquarie until September 30 in return for an 18 per cent stake."
It noted further debt of about $1.1 million is also owed to a range of other lenders.
“The restraints on The Agency’s growth which have been led by its (weak) balance sheet have been removed,” a spokesman for The Agency said.
In a statement to the ASX, The Agency said it was in discussions with parties to refinance its debt ahead of its maturity on September 30.
“The debt-to-equity conversion will significantly reduce The Agency’s debt position, primarily bank debt, from $21.2m to $13.6m,” The Agency told the Australian Securities Exchange.
“The company is currently in discussions with a number of parties in relation to the refinance of its remaining debt of about $13m ahead of its maturity which occurs on 30 September, 2019,” it said.
“With a strong net asset position of around $33.8m (primarily rent roll and mortgage book) it was important to get the loan-to-value ratio to below 50 per cent, which it will be following this transaction with Magnolia and Honan,” the company said.
The $5.6 million raised comes in the form of $1.1 million in placement and $4.5 million through entitlement offers.
The Agency's current $5.8 million debt will be converted into equity, reducing the total debt position by 27 percent.
It advised $2.2 million of the funds will fund further growth and acquisition initiatives.
For the quarter, the Agency reported combined total revenue of $10.8 million and gross commission income (GCI) of $10 million, both results consistent with the previous quarter.
They saw a record 674 exchanges and more than $600 million worth of property sold across the combined group for the quarter.
"I think they really need to pull a rabbit out of the hat," one Hot Cooper comment said.
Another said: "Not sure what rabbit they have in their hat now. "I like the business model but just as Mark Bouris has learned at YBR, if you are going to run a business that depends on skimming a little bit of revenue off someone else's business then you need to have a very large base to do that from, otherwise you need to be running a very very lean operation...which AU1 isn't."
There was commentary in June that suggested the estate agency had "burnt all the previous supporters" in the prior four capital raising. "I am surprised we haven't seen greater tax loss selling here," one comment suggested in June.
One estate agent advised "anyone can buy market share if you have the money."
"Their reps are on 80% commission.
"That's why they have so many of them. 
"How does a business model like that stand up? 
"All they are doing is bragging about market share. 
"That does not equate to profit and never has," the agent said.
One Agency shareholder noted the acquisitions "clouded how badly they are actually doing."
"All the trend lines are going backwards, but sure you dream on.
"I've sold out at half what I paid and I think I'm lucky to get away with that," the shareholder advised.
Another shareholder noted the difference between Ahe Agency and McGrath was that "McGrath blame the market for their poor share price instead of themselves, whereas The Agency keeps highlighting strong results in a slowing market and making acquisitions of more companies to increase their revenue in the future."
</body></html>

jchancellor-FAypfDUnLy

The Agency dips to record low share price

<html><body>
Mat Steinwede, the three time winner of the McGrath agent of the year award, has subsequently revealed that being number one in the network didn't mean much to him.
"For the first time, it's quite meaningless to me, and I don't quite know why" Steinwede said during his <a href="https://www.youtube.com/watch?v=W-rPZ-0fRpM" target="_blank">podcast</a>, adding that "in the beginning I liked to be number 1, but... when you get there, there's not much there."
He expressed that what drove him was the purpose of doing a great job, and being number one became a side effect. It was in a podcast with Geoff Jowett the high performance mindset coach.
"It's sort of like what's going to drive me now," Steinwede said.
The father of six said that it was important to remain grounded and that his family, friends and leisure time were just as important to be balanced and effective.
During the podcast Mat agreed, you've gotta strive coming from love, not fear and that you have to be grateful for every opportunity. 
He emotionally expressed his gratitude during the 2017 McGrath Award presentation when he was announced as the agency's top performer.
"25 years ago I sent a video tape to John McGrath asking if he would meet with me" and that two weeks later when McGrath called me back.
"That meeting changed my life," he said in 2017.
<img src="https://www.urban.com.au/images/2019/7/30/McGrath%20Awards%20Night%202019.JPG" alt="">
Steinwede describes his goals and challenges when he began with a passion.
"I remember when I first joined Mcgrath, I saw the top ten agents on a slide, and I got a copy of that slide and put myself as number one in my vision book. Not for any reason, I just wanted to achieve that." 
He says he faced innumerable hardships "bumps" on his road to becoming number one but his "goal was bigger than the challenges."
Despite being based in Terrigal on the NSW Central Coast, he has remarkably consistently outperformed agents across the McGrath Network, including the pricier Sydney eastern suburbs and lower north shore.
"Its not an easy thing to do, especially in a place like Terrigal.
"It's like being in a country town basket ball team and beating Michael Jordan in a way," he added jovially.
As a follower of Esther Hicks, he is a big proponent of '<a href="https://www.youtube.com/watch?v=jaNCrB2rMH8" target="_blank">The Law of Attraction</a>'.
"If you can continually make sure you are on the upscale, passionate happy etc, your life has to go on the upside."
"You are the one in control of what comes to you, the world matches what you put out."
"You have the absolute ability to put out the right energy and have it come back to you," he firmly stated.
John McGrath himself speaks highly of Mat, "He's the real deal." 
</body></html>

Why Mat Steinwede says coming first at McGrath was meaningless to him 

<html><body>
Located in the of Sydney, Liverpool has just cemented itself as Sydney’s third CBD with the approval of the city’s tallest commercial office tower designed by <a href="/architects/fk-australia">Fender Katsalidis</a>. 
Developed by Macky Corp, the tower stands as a new gateway to Liverpool with 23 levels of grade A office space, 1,500sqm of co-working space and 640sqm of ground retail space. 
Additionally, the refurbishment of the New Commercial Hotel alongside with a two level development known as ‘The Stables’ which reflects the current heritage landscape and will be the podium to the curved glass tower above. The design draws upon the aesthetic of Liverpool’s brick buildings, green corridors and riverbank. The elegantly curved design of the tower is shaped to allow sunlight to enter the heritage precinct below. 
The alley with boutique retail, eateries, cafes and bars stretching from Bigge Street to Scott Street will provide <a href="/new-apartments/liverpool-nsw-2170">Liverpool</a> residents with a destination that the area truly deserves and has been long awaited. 
 

<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/fk_liverpool_aerial_day_20_lg_07_low_res.jpg" rel="gallery-all" title="Render of the Liverpool Quarter precinct with incorporated civic space and heritage buildings."><img alt="" class="image-article-full-width-580px" height="829" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/fk_liverpool_aerial_day_20_lg_07_low_res.jpg?itok=PjFdIjZd" title="Render of the Liverpool Quarter precinct with incorporated civic space and heritage buildings." width="580"></a>

<figcaption>Render of the Liverpool Quarter precinct with incorporated civic space and heritage buildings.</figcaption></figure> “Liverpool Quarter is a landmark project that will transform the area and enhance its surrounds,” says <a href="/architects/fk-australia">Fender Katsalidis</a> director Mark Curzon. “The building will act as a regional marker welcoming ones arrival into the city whilst creating an exciting new civic precinct celebrating its heritage.”

The Liverpool Quarter development is a response to the growing commercial interest in the area with the approval of nearby Western Sydney Airport and intimate connectivity to the Sydney CBD via public transport services. The development is welcomed by the Liverpool City Council as a perfect example for the type of developmental growth the new CBD needs.

“What drew us to Liverpool was the unprecedented infrastructure investment. We were attracted to this site given it was opposite the train station but also because of the three-storey heritage pub that was once the gateway to the city from the river and the east. Liverpool Quarter will stand proud as the gateway to the city and the refurbished pub alongside The Stables will create a destinational food and beverage precinct” says <a href="/news/mackycorp-lines-up-a-major-liverpool-office-development">Macky Corp</a> director Michael Hercus. 
 

<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/fk_liverpool_plazaviewin_146_lg_07.jpg" rel="gallery-all" title="Liverpool Quarter's plaza and community space"><img alt="" class="image-article-full-width-580px" height="290" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/fk_liverpool_plazaviewin_146_lg_07.jpg?itok=X1NhqUlj" title="Liverpool Quarter's plaza and community space" width="580"></a>

<figcaption>Liverpool Quarter's plaza and community space</figcaption></figure> 
Katsalidis design gives plenty of “breathing space” between the existing New Commercial Hotel and the new tower, providing the area with a high level of community engaged, civic space.

“The people of Liverpool and the south-west deserve better. They are tired of travelling great distances to work and to experience quality food, beer and wine in a clean and safe environment. Liverpool Quarter will be a place for the people of Liverpool and the south-west to be proud of and call their own” says Hercus.

<a href="/new-apartments?bedrooms%5Bvalue%5D=0&amp;bedrooms%5Bvalue2%5D=5&amp;bedroom-prices%5Bvalue%5D=0&amp;bedroom-prices%5Bvalue2%5D=8&amp;field_local_government_area_name=Sydney%20%28City%29">Sydney CBD</a> and <a href="/new-apartments/parramatta-nsw">Parramatta</a> have been leading the commercial office market with low vacancy levels at 0.8% in some areas for A grade office buildings. Located opposite Liverpool Station, the $210 million dollar development will be amongst local destinations such as Macquarie Street, Biggie Park, Georges River, Liverpool Hospital and Westfield Liverpool and changes the shape and evolution of Australia’s fourth oldest town.

Liverpool’s current population of 210,000 is expected to explode to over 331,000 by 2036, thus being dubbed Sydney’s third CBD to which residents will be able to find pride and engage in their community.

<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/fk_liverpool_streetplazaend_62_lg_07_low_res.jpg" rel="gallery-all" title="The incorporated New Commercial Hotel and Stables entrance"><img alt="" class="image-article-full-width-580px" height="290" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/fk_liverpool_streetplazaend_62_lg_07_low_res.jpg?itok=o2EVIOXt" title="The incorporated New Commercial Hotel and Stables entrance" width="580"></a>

<figcaption>The incorporated New Commercial Hotel and Stables entrance</figcaption></figure>Construction of the tower commences in late 2019 with an expected completion in late 2021. 
All images by Fender Katsalidis
</body></html>

Nick Dante

Fender Katsalidis' Liverpool Quarter Tower receives the green light

<html><body>
Firstly, what is a Polycentric city and how can it benefit our growing population?

In Urban Planning, a Polycentric city is an urban area that is organised around multiple cities. In this example, Melbourne CBD is designated as the major hub with built up connecting activity centres which benefit by sharing job creation with inner and outer suburbs using a '20 minute neighbourhood' model. 
We can benefit from being a polycentric city in numerous ways as it will decrease travel time, localise businesses, encourage walkability, cycleability, social interaction, networking and community by creating opportunities in areas with existing increased infrastructure standards.

<h2>What does Melbourne look like now?</h2>

An estimated 5 million people reside in the city limits as of early 2019 with an expected projection upwards of 8 million people by 2050. 
This immense growth has seen:

<ul>
<li>An average of 50,000 new homes being built, most of those are a product of Urban Sprawl with new housing estates, communities and suburbs developing beyond existing suburbia.</li>
	<li>Due to urban sprawl, commute times have increased for many Melbournians, adding 30 minutes to the average drivers journey to work. </li>
	<li>With infrastructure not meeting the demands soon enough due to unprecedented growth, liveability in outer reach suburbs is lower as connection to jobs, opportunities, education and basic services require car dependency.</li>
	<li>Most job creation is isolated to or around the Melbourne CBD, with a daily workforce of over 500,000 people. 
	 </li>
</ul>
<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/screen_shot_2019-07-30_at_2.03.16_pm.png" rel="gallery-all" title="Sprawl in Melbourne's South Western suburbs. Image by Google Maps"><img alt="" class="image-article-full-width-580px" height="314" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-07-30_at_2.03.16_pm.png?itok=JQT7LvTB" title="Sprawl in Melbourne's South Western suburbs. Image by Google Maps" width="580"></a>

<figcaption>Sprawl in Melbourne's South Western suburbs. Image by Google Maps</figcaption></figure> What will Melbourne look like as a polycentric city?

<ul>
<li>With activity centres already in place and on the move for urban renewal and rejuvenation in Frankston, Reservoir, Moonee Ponds, Box Hill, Footscray, Preston, Epping, Sunshine, Dandenong and Werribee we will see an abundance of localised opportunity and a shared balance of job creation that extends beyond the CBD, strengthening our city economy.</li>
	<li>When built up, these activity centres will provide a diverse range of jobs, activities and housing options for residents as well as playing major roles in delivering health, education, government, retail and commercial services.</li>
	<li>Existing local activity centres thrive as they remain dedicated to community, culture and social attributes as well as giving residents no reason to commute one or two hours to work. This increases the quality of life majorly.</li>
	<li>These mini-cities are hubs of medium to high density mixed use developments, which will help curtail urban sprawl thus lessening the impact on native ecological and natural environments.</li>
</ul>
 

<h2>Existing - <a href="/developments/moonee-ponds-vic-3039">Moonee Ponds</a> Activity Centre</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/moonee_ponds_new_heart_pedestrians_and_cyclists.png" rel="gallery-all" title="Artist impression of the new civic centre space with a dedication to pedestrians, cyclists and community buildings."><img alt="" class="image-article-full-width-580px" height="338" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/moonee_ponds_new_heart_pedestrians_and_cyclists.png?itok=1uJkgm6L" title="Artist impression of the new civic centre space with a dedication to pedestrians, cyclists and community buildings." width="580"></a>

<figcaption>Artist impression of the new civic centre space with a dedication to pedestrians, cyclists and community buildings.</figcaption></figure> 
Moonee Ponds is a principal activity centre in Melbourne’s north-west with a current population of 15,000 people. Known for destinations such as the Moonee Valley Racecourse, Queens Park and the quaint community feel of the cafe’s, bars, boutiques and fresh food shopping of Puckle and Hall street.

This eclectic inner city suburb is just 7km out of the Melbourne CBD and has recently seen monumental growth in terms of density and commercialisation. At its core, the Moonee Ponds Junction serves as the arterial and tram connection to surrounding suburbs.

The 2030 Moonee Ponds activity plan expects to develop the suburb into a high density, pedestrian friendly, sustainable centre that intimately connects to public transport in an effort to reduce urban sprawl and car dependency which includes developments such as <a href="/buildings/hall-st-40-hall-street-moonee-ponds">Mason Square</a> by <a href="/developers/caydon-property">Caydon</a>.

Moonee Ponds vision is to exceed in creating a new civic community space with a central square around the historic Clocktower, create major improvements to car parks and pedestrian access, fostering and nurturing retail and businesses, protecting heritage, enhancing neighbourhood character and expanding community services such as health and education centres.

 

Existing - <a href="/developments/preston-vic-3072">Preston Central</a> Activity Centre

<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/screen_shot_2019-07-30_at_12.45.07_pm.png" rel="gallery-all" title="Artist impression of residential and mixed use density surrounding Preston Market."><img alt="" class="image-article-full-width-580px" height="316" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-07-30_at_12.45.07_pm.png?itok=e4wtsJ3E" title="Artist impression of residential and mixed use density surrounding Preston Market." width="580"></a>

<figcaption>Artist impression of residential and mixed use density surrounding Preston Market.</figcaption></figure> 
Preston is a multicultural suburb 9km north of Melbourne CBD with a plan to centralise growth and progress opportunities for residents. Preston’s population of 32,000 people is made up of European, Asian and Middle Eastern residents, many of which are descendants of the post war migration. The suburbs flat terrain and abundance of land resulted in low density developments to which now is evolving into a hub for the North as population growth pressure and closeness to the CBD leads to more medium to high density residential developments.

The Preston Activity Centre is centralised around the beloved Preston Market, with a strong focus on retaining its community charm and cultural significance for the suburb. The utilisation of car parks and empty plots surrounding Preston Market and the suburbs main thoroughfare for local businesses, High Street is an important factor in bringing people closer to work and opportunities. 

Preston has numerous community facilities such as the Darebin Performing Arts Centre, Preston Library and the Northern Region Migrant Resource Centre which are all serviced by Preston Station, the main link to education and fresh food markets in the suburb.

The main objective for the central plan is to curtail urban sprawl, strengthen community links and advanced opportunities, increase business and civic space and provide residents with affordable housing options. Preston could see an increase of over 10,000 new residents in the next 5 years with high density developments such as <a href="/buildings/due-north-preston-70-82-high-street-preston">Due North</a> and <a href="/buildings/8-clinch-avenue-preston">8 Clinch Avenue</a>.

 

<h2>FUTURE - <a href="https://merrifieldmelbourne.com.au/about/">MERRIFIELD, MICKLEHAM</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/merrifield-render-1.jpg" rel="gallery-all" title="Rendering of civic space in Merrifield’s city centre."><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/merrifield-render-1.jpg?itok=qWnNkxJO" title="Rendering of civic space in Merrifield’s city centre." width="580"></a>

<figcaption>Rendering of civic space in Merrifield’s city centre.</figcaption></figure> 
Located in Melbourne’s far north is the newly planned community suburb of Merrifield, a joint masterplan by <a href="/developers/mab-corporation">MAB</a> and <a href="/developers/gibson-property-corporation">Gibson Property</a> which will sustain a population of 30,000 residents and 40,000 workers. 
The city of the north is expected to be completed by 2025, and aims to be a hub of connectivity for small and large businesses in their business district, a cultural and community space with shops, restaurants and medium density residential and civic buildings by the Central Park and waterfront with 12,000 homes planned and already under construction. 
Merrifield is serviced by rapid bus transport and major highway links though aims to truly be a walkable, 30 minute neighbourhood where residents will use the pedestrian and bicycle friendly links to reach all of their daily needs. 
As the North is one of the fastest growing areas in the country, we need sustainable and centralised developments with updated infrastructure and commercial opportunities for residents. Car dependency makes working in the CBD difficult for many people living in the Northern suburbs as transport is infrequent or too far from home. Having a hub closer to the outer reach suburbs makes a vast improvement for businesses and locals who live an hour from the CBD.

The community is already home to one of Victoria's biggest Industrial Parks with Dulux, D'orsogna and Australia's first Kaufland setting up shop with access to sustainable energy and recycled water. 
Merrifield boasts numerous lakes, wetlands and urban parks which are designed to encourage environmental consciousness and enrich natural biodiversities. 
 

 
</body></html>

How close is Melbourne to becoming a Polycentric city?

<html><body>
EXPERT OBSERVATION
The ABS data for June 2019 shows a continuing drop in housing approval numbers across New South Wales.
Apartment approvals in the year to June 2019 were 2,435 compared to a year ago when they were 3,082 in June 2018. This represents a drop of 21 percent. The high point two years ago in June 2017 had apartment approvals at 3,604 over the year. Clearly the apartment approvals are slowing down in response to a more difficult market with tighter credit restrictions.
The ABS data indicates that house approvals, trend, in NSW are falling at a similar rate to apartments. The June 2019 figures have 4,393 house approvals year to date compared to 5,589 only a year ago in June 2018. This represents a drop of 22 percent over the year.
Overall dwelling approvals in New South Wales, trend, dropped by 21.4 percent over the last year. Our worry is that there does not appear to be any signals that the falling approvals will stop in the near future.
The Urban Taskforce is concerned that the significant fall in dwelling approvals in NSW will go down further without some strong signals from the NSW Government that housing growth is needed.
The recent decision by the Independent Planning Commission to reject Lane Cove Council’s proposal for urban infill development next to St Leonards Station by preferring to retain the existing character of detached houses has sent a negative message to the development industry.
It is important that the government send out signals that they support housing growth in urban areas so that housing supply and the jobs that comes with this continues.
Our concern is that the supply chain is slowing down too quickly and the result of this will be a low housing construction period in the years ahead.
The NSW Government must take action now to reverse the declining approvals or they will be facing low housing production, a loss of jobs and escalating house prices in the months before the next state election.
CHRIS JOHNSON is the Urban Taskforce CEO
</body></html>

cjohnson-8xfqfuuCSq

New South Wales housing approvals falling: Chris Johnson

International cricket star Shihar Dhawan has listed his family home in <a href="/developments/south-melbourne-vic-3205">Melbourne's outer south-east</a>.

It come with a price guide of $850,000 to $935,000.

<img alt="" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/7/31/dhawan%202%201.jpg" />

The Indian opening batsman has shared the <a href="/developments/clyde-north-vic-3978">Clyde North</a> home with his&nbsp;wife Aesha, her two daughters and their son since 2015.

According to CoreLogic, the property<a href="https://www.realestate.com.au/property-house-vic-clyde+north-131605238" target="_blank">&nbsp;</a>last&nbsp;sold&nbsp;for $730,000.

Set on a 512 square metre allotment, the ex-display home comprises four bedrooms, study, designer kitchen, three separate living zones and an alfresco&nbsp;area opening to the inground pool.

<img alt="" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/7/31/dhawan%203%201.jpg" />

Darren Hutchins and Peter Konidaris of O'Brien Real Estate Keysborough have the listing.&nbsp;

The property has been scheduled for auction on August 18.&nbsp;

[smartcode_project:default project_id=94611]

firstname1-iYD4UYzvBa

Indian cricket star Shikhar Dhawan lists Clyde North home

<html><body>
Former ABC chairman Justin Milne and Anna Cicognani have pulled Erinagh, their Rozelle home, from its weekend auction.
It instead now comes with a $5.19 million asking price.
The original late 1800s farmhouse and period cottage, which the couple joined together over their near two-decade ownership, had been heading to auction with a guide of $4.8 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/2019/7/31/milne%20rozelle%202.jpg">
They paid $1.15 million in 2000. Cobden &amp; Hayson Balmain agents Danny Cobden and Samantha Elvy have the listing.
The couple plan to spend more time in the Southern Highlands.
This article was first published in the Saturday Daily Telegraph. 
</body></html>

Latest Property News

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

Guides

Editor's Picks

Guides

Developments

New apartments

New townhouses

News

Latest Property News

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

Guides

Editor's Picks

Receive the latest news stories to your inbox

Guides

Developments

New apartments

New townhouses

News