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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As the City of Melbourne declares a climate emergency, we are seeing a rise in environmentally conscious and human-centric developments as residents yearn for a sustainable future. 
Here are five new developments across Australia implementing water, energy and waste efficiency into their buildings and providing residents with facilities to alleviate our car dependency.

<h2><a href="/buildings/west-end-185-rosslyn-street-west-melbourne">WEST END, WEST MELBOURNE</a></h2>

<figure><a href="/buildings/west-end-185-rosslyn-street-west-melbourne"><img alt="" class="image-article_full_width_580px" height="280" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/image_39.jpg?itok=kumCn2h9" title="Rendering of West Melbourne's West End by cht architects" width="580"></a>

<figcaption>Rendering of West Melbourne's West End by cht architects</figcaption></figure>Located in one of Melbourne’s emerging urban renewal precincts, West End in West Melbourne combines five apartment buildings and one hotel into a community structure separated by vibrant laneways and tree lined pathways. 
The urban sanctuary comprises of 377 apartment dwellings, laneways with restaurants, bars, cafes and a supermarket with fresh produce store, day spa, medical centre, 24/7 pharmacy, gym, pools, private cinema, wine storage, public art galleries and public parks.

West End is a leading example of new sustainable projects in Melbourne with each building within the precinct designed specifically with affordability, comfort, community or downsizing in mind. <a href="/architects/carr-design">Carr Design Group</a>, Hecker Guthrie, <a href="/news/urban-com-au-profiles-10-of-melbourne-s-top-luxury-apartments">Mim Design</a> and <a href="/architects/six-degrees-architects">Six Degrees</a> all collaborate with <a href="/architects/cht-architects">CHT Architects</a> to create West End with people and the environment in mind. 

[smartcode_project:default project_id=1983]

The open park and laneways lined and landscaped with native trees and shrubs encourage residents to walk and engage with active lifestyles. With 200 bicycle spaces and integrated community spaces, West End demands to reach a 5 star Energy Rating as well as providing residents with the tools to continue their connectivity beyond the complex.

More than 83 per cent of <a href="/news/melbourne-s-largest-inner-city-apartment-west-end-commences-construction">City of Melbourne</a>’s residents live in apartments. Each year apartment living contributes to:

<ul>
<li>22 per cent of the city’s water usage</li>
	<li>Nine per cent of Greenhouse Gas emissions</li>
	<li>More than 20,500 tonnes of waste</li>
</ul>
<h2><a href="/developments/sydney-nsw-2000">QUAY QUARTER TOWER, SYDNEY CBD</a></h2>

<figure><a href="/developments/sydney-nsw-2000"><img alt="" class="image-article_full_width_580px" height="387" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/quay_1.jpg?itok=UHa17KJv" title="Quay Quarter's rooftop garden, rendering by 3XN" width="580"></a>

<figcaption>Quay Quarter's rooftop garden, rendering by 3XN</figcaption></figure><a href="/architects/3xn">3XN</a> along with local partner <a href="/architects/bvn-architecture">BVN</a> and Arup bring Quay Quarter Tower to Sydney’s CBD, a mixed use vertical village that rises 200 metres above the iconic Harbour. 
The large open space atriums within the tower connecting all stacks to each other provide a sense of community with visual transparency offering social interaction amongst people.  
The design of the tower incorporates ⅔ of the existing structure on site. The existing AMP centre was in much need for a revamp so the team at 3XN, BVN and Arup found a solution to incorporate its shell and core into the new tower.

Retaining the old core and recycling the facade and remainder of the floor plates to create 45,000sqm of new floor space will save 10,000 Sydney to Melbourne flights worth of carbon. 
As the new building rises, it rotates in five stacks enhancing views and maximising light for all workers and residents within the building and on street level. Rotating the tower has also been beneficial to providing exterior terraces and communal park spaces for visitors, immediately enhancing the quality of interaction city dwellers have with their environment by providing much needed green space.

The tower is targeting 6 Star Energy rating as the facade’s sun shading hoods eliminate the need for blinds and the electricity to run lights during the day time. With residents and workers becoming more environmentally conscious, the tower becomes a highly desired place to work and live. 
“We’ve found this green correlation is very popular with the market, leading to higher demand for green buildings, low vacancy rates and better returns,” - Chris Nunn, head of sustainability, AMP Capital Investors.

<h2><a href="/buildings/east-brunswick-village-3-bluestone-way-brunswick-east">EAST BRUNSWICK VILLAGE, MELBOURNE</a></h2>

<figure><a href="/buildings/east-brunswick-village-3-bluestone-way-brunswick-east"><img alt="" class="image-article_full_width_580px" height="294" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/1419_gabrielsaunders-bancogroup-villageavenue-ext-similar_1.jpg?itok=vpbq5fMD" title="Rendering of EBV East Brunswick Village" width="580"></a>

<figcaption>Rendering of EBV East Brunswick Village</figcaption></figure>EBV, East Brunswick is a development that has been designed with sustainability, quality of life and environmental consciousness at the forefront. During the first construction phase alone, 15,000 trucks worth of material have been recycled from the site that has helped create rock products, road bases with recycled concrete and recycled bluestone for pavements. 
An average of 7.5 Nationwide House Energy Rating Scheme NatHERS will be achieved with smart metering, LED lighting and appliances installed with automatic controls, occupancy detectors, daylight sensors and programmable timers. Double glazing and rooftop Solar panels lessens the need for energy usage throughout winter.

Drought tolerant and native plants have been used for landscaping of the project to minimise water usage as there will also be rainwater tanks for flushing, a highly efficient gas centralised hot water system and smart metering so that residents can accurately monitor energy and water consumption. Recycling facilities within the precinct provide healthy waste management and with good access to public transport, residents are encouraged to use the large amount of bike racks, flexi car pods, charging stations for electric vehicles to promote walkable, green neighbourhoods.

As well as rooftop gardens and children's playground, residents will enjoy the apiary, maintained by a qualified bee keeper, providing free local honey. 

<h2><a href="/buildings/443-queen-street-brisbane-443-queen-street-brisbane">443 QUEEN STREET, BRISBANE</a></h2>

<figure><a href="/buildings/443-queen-street-brisbane-443-queen-street-brisbane"><img alt="" class="image-article_full_width_580px" height="364" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/queen_st_0.jpg?itok=Sx-lWZtU" title="Rendering of 443 Queen Street by Architectus" width="580"></a>

<figcaption>Rendering of 443 Queen Street by Architectus</figcaption></figure>The 185 metre Architectus and <a href="/architects/woha">WOHA</a> designed tower gracing the Brisbane river waterfront offers more than just spectacular, uninterrupted views of the iconic city. 
443 Queen Street will be Australia’s first building to achieve a Generosity Index of 80 and Green Plot ratio of 197% with naturally light filled foyers, lobbies, and ventilated gardens throughout the tower. 
The tower embraces sub-tropical living with overhanging native plants over the podium balconies and a garden environment for each and every apartment. With a structure that resembles a living, breathing organism in a sub-tropical climate, it responds to its natural environment by catching the breeze and shade from the sun with a smart, calculative designed facade. 
The 264 high quality residential apartments enjoy natural green ventilation through a carefully thoughtful sealed square floor plan and will achieve a 5 star energy rating when completed in late 2020.

“443 Queen Street is about shading, sheltering, greenery and sustainability - a building that ‘breathes’ with natural ventilation and light” - Adrian Pozzo, CEO <a href="/developers/cbus-property">Cbus</a> Property.

<h2><a href="/new-apartments/lt-miller-nightingale-55-nicholson-street-brunswick-east">LT.MILLER, BRUNSWICK EAST</a></h2>

<figure><a href="/new-apartments/lt-miller-nightingale-55-nicholson-street-brunswick-east"><img alt="" class="image-article_full_width_580px" height="266" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/lt_miller_1.jpg?itok=epJDeLd_" title="Lt. Miller's rooftop garden, rendering by Gabriel Saunders for ClarkeHopkinsClarke" width="580"></a>

<figcaption>Lt. Miller's rooftop garden, rendering by Gabriel Saunders for ClarkeHopkinsClarke</figcaption></figure>The set of boutique apartments located in Brunswick East, Melbourne, offer a 100% fossil fuel free environment with a 7.5 NatHERS Rating average. 
Electricity will be supplied by an embedded network which will use a variety of renewable sources to power all apartments as well as common areas. Lobbies and corridors will be naturally ventilated with plants on every level and a 20,000 litre water tank to collect rainwater to assist in irrigating the natural surrounding landscape.  
Designed by <a href="/architects/clarke-hopkins-clarke-0">Clarke Hopkins Clarke</a>, in collaboration with <a href="/architects/breathe-architecture">Breathe Architecture</a> and developed by <a href="/developers/lucent-capital">Lucent Capital</a> and <a href="/developers/nightingale-housing">Nightingale Housing</a>, the boutique apartment building has a specific environmental approach within the design, becoming yet another important socially and environmentally conscious complex within Melbourne. With amenities such as a garden rooftop, integration and social interaction between residents is encouraged which greatly impacts positively on the quality of life.  
Natural materials will be used between private and common spaces within the complex, with carefully selected recycled timber and floor materials. The 100% natural renewable carpets for residents are made from cactus fibre and is also 100% biodegradable at the end of its life cycle with natural colouring.  
These are just a few of the ways that Lt. Miller impacts the neighbourhood and sets a standard in conscious design. 

<a href="http://greenstrata.com.au/">Green Strata</a> is a not-for-profit organisation that helps apartment owners and corporations improve sustainability in their buildings.
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Nick Dante

5 new Sustainable Apartment Developments in Australia 2019

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The <a href="https://wp.architecture.com.au/news-media/national-building-agreement-welcome-now-focus-on-action/">Australian Institute of Architects</a> is calling for a fundamental overhaul of building regulation to improve compliance and accountability. 
At the moment, Australian regulation and building codes lack transparency and as we have seen in the recent events, do little to protect residents and homeowners. 
Currently, anybody can procure and construct an apartment building in Australia without evidence of education, experience or insurance held where previously, independent and rigorous checks would oversee the design, materials choice and construction to ensure the utmost safety and sustainability for residents. Over the years this compliance has decreased to prioritise cost-saving over quality and is a reflection of our quick supply and demand culture. 
Countries such as <a href="https://www.building.govt.nz/building-code-compliance/">New Zealand</a> have a building code compliance that all builders must comply with even without building consent to ensure the safety and durability for everyone that uses them. New Zealand builders must abide by the technical guidance by the Building Code of 2004 with strict warnings and bans in place which could see the builder or developer paying a fine of up to $200,000 for which all buildings must focus on:

<ul>
<li>General Provisions</li>
	<li>Stability</li>
	<li>Protection from Fire</li>
	<li>Access</li>
	<li>Moisture</li>
	<li>Safety of Users</li>
	<li>Service and Facilities</li>
	<li>Energy Efficiency</li>
</ul>
Japan’s strict building regulations may be due to protecting citizens from the incredible amount of seismic activity the country experiences but are incredibly helpful when considering updating and strengthening Australia’s as bans on combustible building materials is much more closely regulated than here.

 

<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/neo_apartment_screen_peter_clarke-54.jpg" rel="gallery-all" title="In early February 2019, Neo200 on Spencer experienced a balcony cladding fire up levels 21 to 27. Image by Hayball."><img alt="" class="image-article-full-width-580px" height="870" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/neo_apartment_screen_peter_clarke-54.jpg?itok=PQvzB5Fo" title="In early February 2019, Neo200 on Spencer experienced a balcony cladding fire up levels 21 to 27. Image by Hayball." width="580"></a>

<figcaption>In early February 2019, Neo200 on Spencer experienced a balcony cladding fire up levels 21 to 27. Image by <a href="/architects/hayball">Hayball</a>.</figcaption></figure>In late 2018, Victoria banned lethal flammable building cladding, which includes aluminium panels. 
The ban provides builders with a clear and strict guideline of materials that can and cannot be used in the construction of buildings above two levels high. 
The VBA, <a href="https://www.vba.vic.gov.au/">Victorian Building Authority</a> has put builders on notice, as they inspect the hundreds of at risk buildings in a statewide audit to crack down on non-compliant structures. 
Architects and developers design buildings and communities with the intent of enriching the lives of people and the environment in which it stands, therefore building codes in Australia need to match that intensity with strict regulation and inspection to ensure the well being of all people. 
In recent news, residents of <a href="/buildings/australia-108-southbank-70-southbank-boulevard-southbank">Australia 108</a> respond in panic due to hearing cracking noises, power outages and lift operating failures. Since the first settlers took residence in the soon to be 101 story tower in late 2018, there have been a slew of complaints regarding construction noise and construction defects within apartments such as windows not closing or opening due to the curved facade. 
These stories have now either been exacerbated by the media to take advantage of panicked citizens to incite fear and sell papers or forcing builders and developers to take accountability and be more transparent about their building practices.  
With articles published in The Age and Herald Sun displaying the latest apartment building disasters, people are on high alert in fear their building's too, falls under the same underegulated practices. What holds true to these statements is that resident’s voices deserve to be heard with their safety and quality of life at the utmost importance.

<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/image_by_worzil_skyscrapercity.jpg" rel="gallery-all" title="Most updated construction image of Australia 108 by worzil of Skyscrapercity.com"><img alt="" class="image-article-full-width-580px" height="547" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/image_by_worzil_skyscrapercity.jpg?itok=wP1ehTRH" title="Most updated construction image of Australia 108 by worzil of Skyscrapercity.com" width="580"></a>

<figcaption>Most updated construction image of <a href="/buildings/australia-108-southbank-70-southbank-boulevard-southbank">Australia 108</a> by worzil of Skyscrapercity.com</figcaption></figure>Multiplex denied any structural damages in a statement and said the building is bound to move slightly as it is still under construction and minor defects are quickly fixed with absolutely no risk to residents.  
These complaints of noise are common with residents within and surrounding high density skyscrapers under construction and are not permanent. 
A multiplex representative states that “all residents have access to the Multiplex onsite customer team and our onsite service team has been working closely with the residents to rectify these items in a timely manner.” 
A benefit to the exposure of towers such as Opal in Sydney and its defects is that consumers and citizens are conscious and have opened up a dialogue with government about the loosened regulations and building codes our individual states hold. 
The next step is to hold builders accountable and to provide transparency with VBA and other councils alike in order to adhere to the highest quality of building and ensuring the safety of residents and communities. 
As work commences in Victoria establishing a ban on all flammable materials used in construction, a push for other councils and states is imminent and blatantly necessary. 
The Australian Institute of Architects are taking their demands of an industry revolution to VBA and multiple councils across New South Wales insisting on addressing the root of the issue, a culture and practice that has put time and cost above quality.  
This construction industry crisis facing Australia are systemic and it is crucial to make those steps forward to eradicate unlawful practices.

 

Read their latest article demanding industry revolution by clicking this <a href="https://wp.architecture.com.au/news-media/nsw-president-says-our-construction-industry-needs-nothing-short-of-a-revolution/">link</a>.
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Australia called, we want our Building Codes updated and regulated

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Kyko Group managing director Mary Wong-Jenkings has listed her Macquarie Street, Sydney apartment with $4.6 million hopes.
She paid $3.75 million for the three-bedroom 198 square metre unit in the Renzo Piano-designed complex overlooking the Botanic Garden in 2016.
Sydney Sotheby’s agents Harriet France and Tony Barron have the listing.
It continues Wong-Jenkings’ recent disposal of assets.
Last year she sold The Drawing Rooms of Berry in Woodhill for $3.8 million and before that her apartment in the Pomeroy, Potts Point, which fetched $4 million.
This article was first published in the Saturday Daily Telegraph. 
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firstname1-iYD4UYzvBa

Mary Wong-Jenkings lists Macquarie Street, Sydney apartment

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Claremont House, an original home in Claremont, Tasmania currently trading as a registered hotel has hit the market with a price guide of around $4.5 million. 
Cam Rogers of Nest Property Hobart and Farzin Hesari of Link Business have the listing. 
After a $2.6 million restoration over a 10 year period, Claremont House at 12 Lady Clark Avenue began trading in 2015 with the first three of its 10 accommodation rooms, The Tower Suite, Maids and Lady Clark rooms. 
The Darling, Bond, Convict and Servant's rooms opened in 2017, while the final two first floor rooms opened for hire in 2018. 
The Darling and Bond room within the south wing of the main house feature private ensuite bathrooms and views over Mount Wellington.
The Convict and Servant's rooms located within the c1840 servant's residence share a bathroom and communal kitchenette.
<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/2019/7/29/claremont%202.jpg" alt="">
Claremont House comes with an approved plan for a 20 room extension to the original home for the uses of residence, short stay accommodation, long term accommodation, events and functions as well as restaurant with 24 hour liquor license.
The restaurant known as Bilton's had leased the 60 seat restaurant on the property until March 2018. 
<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/2019/7/29/claremont%203.jpg" alt="">
Set on five acres, the Chauffeur's Cottage in the back left corner is currently utilised with a passive income of $300 per week.
Claremont House holds a 1308 square metre car park with dual access points including access for double-decker buses and larger vehicles. 
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j.ballantyne1990-6AQqhLzZaK

Claremont House trophy home priced at $4.5 million

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Former Spice Girl Mel B and her ex-husband, film producer Stephen Belafonte, have sold their former West Hollywood home for $US5.55 million.
It had been for sale since their 2017 separation when they initially wanted $US8.9 million.
They paid $US4.34 million in 2014 for the 1928-built West Hollywood home, after they sold their former LA home in San Fernando Valley to Charlie Sheen’s ex-wife Brooke Mueller for $US3.3 million.
The four-bedroom home featured a recording studio, bar, theatre and games room.
Before their split the couple had reportedly considered buying in Sydney, where they rented while Scary Spice was a host on Dancing With The Stars, X-Factor Australia and Australia’s Got Talent.
In 2011, they rented a sprawling penthouse apartment in Rose Bay, said to be worth more than $8 million.
The New South Head Road loft had views of the Opera House and Bridge.
They then rented a waterfront Vaucluse mansion before downsizing to a Wentworth Road apartment.
“My kids go to school, my husband and I love all the restaurants and we all love the Sydney lifestyle,” Mel B said in 2013.
Her eldest daughter went to Rose Bay Secondary College.
The couple also invested in the popular Sydney Harbour floating bar The Island. 
This article was first published in the Saturday Daily Telegraph. 
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Mel B and Stephen Belafonte sell former Hollywood Hills home

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Gungalin, a suburb of Canberra, has experienced the biggest stock increase in Australian Capital Territory over the last 12 months, according to Investar.
Investar says its sales stock has grown by 128%, from 45 units this time a year ago to its current 103 offerings.
It is followed by Griffth with 92.9% growth and Kambah with 69.6% growth. 
<a href="https://www.propertyobserver.com.au/images/2019/3/26/ACT%20STOCK%20INCREASE.jpg" target="_blank">Click here </a>to enlarge.
<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/2019/3/26/ACT%20STOCK%20INCREASE.jpg" alt="">
Source: Investar
A two bedroom unit located in the Gungahlin Town Centre has been recently sold for $410,000 (pictured below). 
The <a href="https://www.realestate.com.au/sold/property-apartment-act-gungahlin-130620610" target="_blank">101/2 Gribble Street </a>apartment features AEG appliance, heating and cooling, timber flooring in the living areas, and carpeted bedrooms.
The building comes with 20 metre pool, rooftop alfresco dining, lush gardens and gymnasium. 
<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/2019/3/26/gungahlin%201.jpg" alt="">
Another Gungahlin CBD apartment is currently on the market with a price guide of $374,950 (pictured below).
Within 1 kilometre of the Gungahlin Shopping Centre, the third-floor apartment at <a href="https://www.realestate.com.au/property-apartment-act-gungahlin-130584986" target="_blank">56/77 Gozzard Street </a>comprises one bedroom, open plan living/dining, corner kitchen and north-east facing balcony. 
<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/2019/3/26/gungahlin%202.jpg" alt="">
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Gungahlin sees ACT's biggest stock increase: Investar

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Queenstown has the cheapest rentals across Tasmania, according to the latest Investar suburb performance report.
The report suggests its median rent for a two bedroom house sits at $140 per week and its median rent for a three bedroom sits at $150.
It is followed by Rosebery with $150 a week and Zeehan with $165 a week. 
There has been a decline in median rent in these localities over the past year. 
<table cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top">
Rank
</td>
<td valign="top">
Suburb
</td>
<td valign="top">
State
</td>
<td valign="top">
Postcode
</td>
<td valign="top">
Dwelling Type
</td>
<td valign="top">
Bedrooms 
</td>
<td valign="top">
Median rent 
</td>
</tr>
<tr>
<td valign="top">
1
</td>
<td valign="top">
Queenstown
</td>
<td valign="top">
TAS
</td>
<td valign="top">
7467
</td>
<td valign="top">
House
</td>
<td valign="top">
2
</td>
<td valign="top">
$140
</td>
</tr>
<tr>
<td valign="top">
2
</td>
<td valign="top">
Queenstown
</td>
<td valign="top">
TAS
</td>
<td valign="top">
7467
</td>
<td valign="top">
House
</td>
<td valign="top">
3
</td>
<td valign="top">
$150
</td>
</tr>
<tr>
<td valign="top">
3
</td>
<td valign="top">
Rosebery
</td>
<td valign="top">
TAS
</td>
<td valign="top">
7470
</td>
<td valign="top">
House
</td>
<td valign="top">
3
</td>
<td valign="top">
$150
</td>
</tr>
<tr>
<td valign="top">
4
</td>
<td valign="top">
Zeehan
</td>
<td valign="top">
TAS
</td>
<td valign="top">
7469
</td>
<td valign="top">
House
</td>
<td valign="top">
3
</td>
<td valign="top">
$165
</td>
</tr>
</tbody></table>
Source: Investar 
A new offering in Queenstown is a three bedroom house located at the southern end of the town with views of Mount Owen.
Within walking distance to local public school and general store, the house at 13 Murray Street<a href="https://www.realestate.com.au/property-house-tas-queenstown-426916210" target="_blank"> </a>(pictured above) has been listed for rent with a price guide of $160 per week. 
It comes with three bedrooms, living room with views, and open car space. 
<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/2019/7/11/rosebery.jpg" alt=""> 
Another example is a Rosebery three bedroom house priced at $140 per week. 
Located at <a href="https://www.realestate.com.au/property-house-tas-rosebery-426314342" target="_blank">3 Colebrook Street</a> (pictured above), it comes with three bedrooms, large kitchen and dining area and veranda. 
The house also features wood heater and good sized laundry area. 
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Queenstown tops Tasmania's cheapest rental areas: Investar 

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The Agency has opened its first regional office in Victoria’s High Country at Mansfield.
The office will be headed by Allana Storer and Kate McDougall.
Peter Kakos, The Agency’s general manager in Victoria said The Agency had always wanted to expand to regional Victoria.
Mansfield is two and a half hours from Melbourne, with a burgeoning food and wine scene and adventure sports around Lake Eildon and the Delatite River.
“Mansfield is undergoing huge growth given its location at the foot of Victoria’s premier ski resort Mount Buller,” he said.
He added it was a busy town year-round: in winter during the snow season and in summer with mountain biking. 
Allana Storer was born and raised in the High Country, and worked at District Property Group.
They started working as a team two years ago and quickly became top selling agents in the area.
Kate has over two decades of experience in sales, marketing and guest services at Mount Buller.
Kate organised a black tie ‘buy a bale’ ball in 2018 where she and Allana first met Peter.
The event raised $190,000 for drought affected farmers all over Australia.
The Mansfield office already has two listings, <a href="https://www.realestate.com.au/property-acreage+semi-rural-vic-mansfield-131614346" target="_blank">99 Stoneleigh Road, Mansfield</a> and <a href="https://www.realestate.com.au/property-acreage+semi-rural-vic-mansfield-131627398" target="_blank">940 Mount Buller Road</a>.
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The Agency opens office in Mansfield to service Victoria's high country

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“New home sales in the June quarter were up by just 0.8 per cent on the preceding quarter. This is the first quarterly improvement since the December quarter in 2017,” stated HIA’s chief economist, Tim Reardon.
The HIA New Home Sales report – a monthly survey of the largest volume home builders in the five largest states – is a leading indicator of future trends in the residential building industry.
“Over the year to June 2019 new home sales fell 12.4 per cent compared with the previous financial year with every state recording a sharp contraction in sales,” added Mr Reardon.
“The small improvement in sales in the June quarter, suggests that the decline in new home sales that has been underway for more than a year, has started to ease.
“The upside of the current building industry downturn is that activity levels have synchronised across the east and west coasts – and within each state – making it easier for policy makers to coordinate policy settings.
“Two interest rates cuts, a tax cut and repeal of regulatory restrictions will encourage increased activity in the home building market.
“These measures, combined with ongoing stable population and employment growth should see new home sales improve toward the end of the year,” concluded Mr Reardon.
Around the states, new home sales rose for the June quarter compared to the previous quarter in Victoria (+5.1 per cent), Western Australia (+2.9 per cent) and South Australia (+2.6 per cent). 
The quarterly declines in sales in New South Wales (-1.7 per cent) and Queensland (-8.9 per cent) still represented a moderation of earlier declines.
 
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New home sales stabilise: HIA 

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There was a pre-auction sale on the Gold Coast when $5.5 million was paid for a newly built opulent six-bedroom, seven bathroom mega-mansion on the Sovereign Islands.
Its luxury inclusions at <a id="LPlnk692437" class="OWAAutoLink" href="https://www.realestate.com.au/property-house-qld-sovereign+islands-131469114" target="_blank">85 The Sovereign Mile</a> included a "presidential master suite," an underground entertainment den, vertical garden and pool.
Ivy Wu, at Amir Mian Prestige Property Agents’ Ivy Wu, sold the house to a local family. 
Set on a north facing 818sqm allotment, the 1,085sqm residence comprises six bedrooms, gourmet chef's kitchen, undercover entertainment pavilion, and tired cinema or media 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/2019/7/29/sovereign%20islands%202.jpg" alt="">
There is a self-contained in-law suite with lounge, kitchenette and en-suite.
The natural material used in the construction of the home include polished travertine, Calcutta Marble and imported timbers.
<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/2019/7/29/sovereign%20islands%203.jpg" alt="">
Other highlights include 20m waterfront, gymnasium, Sawo Scandia sauna, internal lift, C-bus intelligent lighting system, and basement parking for over 6 vehicles. 
Located in the security patrolled community of Sovereign Islands, the property is only minutes to Broadwater. 
 
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