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

Joel Robinson

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

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

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

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

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

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

Lowe Living launches Jardin House in Camberwell

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

The Walden pairs house-scale living with North Sydney connectivity

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

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The besieged national property valuer Landmark White is seeking to raise $5 million from shareholders to restructure the business.
The company is suspended from trading on the ASX after two data breaches earlier this year.
Several financial institutions suspended their valuations with the firm, forcing its management to come up with its restructure.
Landmark White does not expect its customer workflows to return to their previous levels.
It has been reported it has been hit by an exodus of staff from its Sydney business. About 20 staff have left the franchise business to work at Ray White Commercial.  LandMark White is comprised of the listed corporate head office with under 400 staff and an independent franchise network.
“LMW’s current financial position is such that, in the event that the minimum raise amount is not raised under the offer, the offer will not proceed and the company will not be able to continue meeting its financial obligations when they fall due,” the company said in a prospectus lodged to the ASX at 5pm Friday.
Landmark’s offer, priced at 8c a share, is aimed at raising up to $5.45m and is partially underwritten up to $3 million.
It has appointed Enrizen Capital as the lead manager for the raise. Landmark chairman Keith Perrett said the board had developed a leaner, optimised business model.
“While LMW is now in an operating position to execute a restructuring of the business to rebuild value for shareholders, the company requires additional capital in order to deliver the restructure, optimise the business and continue its operations,” he added.
Landmark is saying it has been propped up by the good grace of its lender, Westpac-owned St George.
“Due to LMW’s financial position, it is … in breach of terms of the facility agreement with St George Bank in respect of both the overdraft facility and bill acceptance facility (facility agreement).
“It is likely that, given LMW’s current financial position, LMW will be in breach of certain terms of the facility agreement until such time as its financial position has returned to the required levels of profitability, which may be a period until June 30, 2020.”
Landmark’s full-year numbers have been hit by the twodata breaches.
The company has posted a net loss after tax of $15.1 million for the year ended June 30, with the breaches wiping out between $6m to $7m of revenue.
It posted a profit of $4.1 million for fiscal 2018.
 
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j.ballantyne1990-6AQqhLzZaK

Landmark White seek to rebuild value for shareholders

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The Sydney auction clearance rate has certainly been improving in recent weeks.
The calendar interruptions of early 2019, along with the seasonal winter slowdown, has meant volumes have been below average. Saturday's offering were down 25 percent in Sydney and 32 percent in Melbourne.
Given renewed buyer interest, this means there's been often stronger competition that any agent expected for their offerings. Auctioneer Damien Cooley saw four bidders register at his 214 auction last month as against the two bidders at his 346 auctions last June.
The big question remains whether the forthcoming spring selling season will see a sizeable boost in listings, and with the choice will there be a levelling off in the competitive prices being paid especially for houses.
Earlier this month there was a $700,000 over the reserve price achieved when <a href="/expert-insights/buying/auction-momentum-continues-as-surry-hills-terrace-sells-700-000-over-reserve">$3.3 million was paid in Surry Hills</a>. There were 14 registered parties.
There had been a $3.05 million sale further along Bourke Street last year, so I was interested whether it was an emotional two horse race in then end to secure the five bedroom corner terrace.
Its selling agent advised there were still four of the eight involved in the bidding with $150,000 to go. There is some comfort for buyers that they aren't the only one who saw the higher value.
While I am a great believer in going that extra little bit, especially if you are weary from having looked for ages, I do think setting a limit before auction is a wise strategy.
Some buyers get just too emotional in the excitement, and then have regret for a decade after while neighbouring prices catchup.
Hopefully you have viewed to a few recent auctions in the lead up as that way buyers can be more comfortable in the high stakes environment. 
Of course research is king by checking the recent sales results so as a buyer you have an up to date estimation of your desired property and type.
It could well be that your research convinces you that the market is on the move, so getting in that Saturday means you seize a limited opportunity at that level of pricing.
I think it wise to check what the property last sold for, plus the cost of recent improvements, to work out the price growth since it last sold.
Also check its recent on-the-market history as it helps to know if it had been previously marketed.
It's also a good idea to find out what you can about the vendor's circumstances.
Just pop the query into conversation with the listing agent or even a savvy rival agent who knows what is happening in your neighbourhood. That knowledge might prompt a pre-auction offer whereby you avoid the auction angst.
I'm of the view that you think about three price points you would be willing to meet. The first is the price you would love to pay! Then a price you would be prepared to pay, and then a stretch price which is the most you are prepared to offer. Of course consider adding $1,000 or $2,000 to that as sometimes an odd number gets you the home.
Earlier this month in Adelaide a couple of buyers were minded to do just that as the nation's cheapest offering came in at $273,102 which saw the <a href="/expert-insights/buying/1-higher-bid-secures-australias-cheapest-weekend-auction-offering">final bids get down to $1 bids</a> at the Ray White auction of a Parafield Gardens 1960s, three bedroom home.
There were 18 registered parties, which shows Sydney's not the only place where house buyer numbers are a bonanza for sellers.
This article was first published in the Saturday Daily Telegraph.
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jchancellor-FAypfDUnLy

The big question is will spring auction listings swamp the market and quell the gathering momentum?

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GUEST OBSERVATION
By 2017, <a href="https://data.worldbank.org/indicator/sp.urb.totl.in.zs" target="_blank">58% of Chinese people were living in cities</a>. This is much less than the 79% for Western Europe and 86% for Australia, but China is undergoing very rapid urbanisation, as the chart below shows. It is expected <a href="https://population.un.org/wup/Country-Profiles" target="_blank">70% of China’s population will be living in cities</a> between 2035 and 2045.
<a href="https://images.theconversation.com/files/274487/original/file-20190515-60541-o2m5r7.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/274487/original/file-20190515-60541-o2m5r7.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
<a class="source" href="https://ourworldindata.org/grapher/urbanization-last-500-years?time=1500..2016" target="_blank">Source: OWID based on UN World Urbanisation Prospects 2018 and historical sources</a>
In response to these trends, the Chinese government released <a href="https://www.sciencedirect.com/science/article/pii/S1876610216315818" target="_blank">a national urbanisation plan (2014-2020)</a>, with a focus on the quality of Chinese urbanisation and public spaces. So the policymakers’ concern is not solely with the economic development of China’s cities but also a healthier built environment and increased well-being for its citizens.
In addition to growing population pressures, Chinese cities face battles with pollution and climate change. Furthermore, <a href="https://www.thoughtco.com/tourism-development-in-china-1434412" target="_blank">China is now the third-most-visited country</a>, behind France and the United States. No doubt the country’s growing tourism industry is an important driver for developing better cities.
The <a href="https://www.tandfonline.com/doi/abs/10.1080/23812346.2018.1457297" target="_blank">rise of private public partnership projects</a> and growing private interests in China’s built environment also call for a fresh look at urban design. Connecting urban planning and architecture, public spaces and private buildings, metropolitan scale and street scale, urban design can help to balance private interests and public needs while developing urban areas.
If those challenges are quite recent for China, they have been experienced, tested and theorised in Western countries for the past two centuries. Thus there might be an interest in learning from Western urban design principles, both to draw inspiration from the good practices and to avoid repeating the mistakes.
Urban design is well established in Australia
Some major Chinese cities such as Guangzhou and Shanghai have recently created their own urban design guidelines. However, many Chinese cities don’t have any.
In Australia the situation is quite different. Urban design theory and practices are well grounded. More than 20 guidelines have been published since the 2000s at all levels of government.
<a href="https://images.theconversation.com/files/277297/original/file-20190530-69087-pgelaf.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/277297/original/file-20190530-69087-pgelaf.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Urban design guidelines in Australia at federal, state and local government level. Lucile Jacquot, 2019, Author provided
The diversity of Australian guidelines means that urban design research is very active and responsive to the evolution of technologies, lifestyles and expectations. Also, the outcomes are often considered successful – Australian cities usually do well in rankings of urban quality of life. For example, Melbourne, Adelaide and Sydney are consistently ranked in the top ten of the <a href="https://pages.eiu.com/rs/753-RIQ-438/images/The_Global_Liveability_Index_2018.pdf" target="_blank">Global Liveability Index</a>.
Good examples of urban design are also acknowledged in Australia – for example, through the annual <a href="https://urbandesignawards.com.au/" target="_blank">Australian Urban Design Awards</a>. The recognition of best practices and fostering of healthy competition create a rich urban design culture.
How can Chinese cities be improved?
Dalian is a good example of an emerging city in China. Its location between the sea and the mountains and its rich colonial heritage make it a major tourist destination. Nevertheless, the experience of Dalian’s urban spaces could be improved in many ways.
Firstly, one of the main goals of urban design is to provide adequate public facilities such as pedestrian pathways, sitting areas and public toilets. In Dalian, an increase in such facilities could encourage the city’s residents to make more use of the public space. Similarly, shaded areas and water fountains could make public spaces more liveable, no matter the hour of the day or the weather.
Secondly, installing such facilities is not enough on its own to make the city engaging and attractive. Dalian’s urban spaces are quite monochromatic and a more vibrant cityscape could improve the overall ambience of the city. One way to achieve this would be through the use of different colours, textures and materials to define spatial difference between private and public space, and create new pedestrian experiences.
<a href="https://images.theconversation.com/files/280121/original/file-20190619-118539-12oz5sn.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/280121/original/file-20190619-118539-12oz5sn.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
The differences in urban design of pedestrian squares in Dalian (left) and Melbourne are clear. Images: K. Dupré (left), L. Jacquot (right), Author provided
Lastly, the main purpose of designing the look and feel of a city is to engage people with their surroundings. The urban space not only has to cater for all types of people and their needs, but also to provide safe socialising opportunities.
In Dalian, providing more playgrounds, for example, could enhance these interactions. All the benefits of good urban design come together in a safe urban space where all types of people can meet, exchange and feel comfortable.
<a href="https://images.theconversation.com/files/280123/original/file-20190619-118535-uk0va0.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/280123/original/file-20190619-118535-uk0va0.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Public spaces in Dalian (left) and Gold Coast. Images: K. Dupré (left) and picswe.net (right), Author provided
Australian cities can also learn from China
While Australia’s urban design principles are considerably more advanced, its cities face similar challenges to those in China.
For example, Australia is still grappling with the relationship between people and their urban space. Most Australian cities are car-dominated, going against contemporary understanding of a healthy, sustainable and liveable city.
Car use is dramatically affecting the urban fabric of Chinese and Australian cities. In particular, it has impacts on the experience of pedestrians. The wide streets are difficult to cross, footpaths are often sacrificed for the benefit of the car, and cyclists’ safety is compromised. Good urban design would definitely strive towards a more people-based city model.
Another common challenge is climate change. Both <a href="https://www.theguardian.com/australia-news/2019/feb/28/australia-breaks-weather-records-with-hottest-ever-summer" target="_blank">Australian</a> and <a href="https://www.sixthtone.com/news/1002747/chinas-scorching-heat-wave-brings-a-glimpse-of-the-future" target="_blank">Chinese</a> cities must deal with rising temperatures. The positive impact urban design can have to moderate urban temperatures <a href="https://www.mdpi.com/2075-5309/8/12/182/htm" target="_blank">is now widely recognised</a>. Major Australian cities have now developed <a href="https://wsroc.com.au/projects/project-turn-down-the-heat" target="_blank">guidelines on measures to counter heat</a>, while China is actively working on the issue.
But in one area, the battle to reduce carbon footprints, Chinese cities <a href="https://cleanenergysolutions.org/zh-hans/resources/changxindian-low-carbon-community-concept-plan-website" target="_blank">lead the way</a>. The Chinese government has also developed <a href="https://www.sciencedirect.com/science/article/pii/S2212095517300627" target="_blank">a substantial green policy</a>. So, while Chinese cities could certainly learn from Australia, the converse seems equally true.<img src="https://counter.theconversation.com/content/115905/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;">
Lucile Jacquot, Research fellow, Griffith University
Karine Dupré, Associate Professor in Architecture, Griffith University
Yang Liu, PhD Candidate. School of Engineering and Built Environment, Architecture &amp; Design, Griffith University
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/china-can-learn-from-australian-urban-design-but-its-not-all-one-way-traffic-115905" target="_blank">original article</a>.
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China can learn from Australian urban design, but it’s not all one-way traffic

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Regional NSW towns are set for a boost, with the state government fast-tracking a swathe of new projects.
Some 22 major shovel ready projects will receive a total of $96 million from the NSW Government’s <a href="http://www.nsw.gov.au/droughtstimuluspackage" target="_blank">Drought Stimulus Package</a>, Deputy Premier and Minister for Regional NSW John Barilaro said.
“Farmers are being hit hard by drought and the impact of this drought is now reaching into our towns and cities, so it’s vital to support off-farm industries by driving business activity and generating new opportunities,” Barilaro said. 
“This funding will keep people in work by putting dollars into pay packets, cash that tradies, suppliers and other workers will spend at local businesses such as cafes, retail stores and local services to keep money flowing through towns when rivers are not. 
“Regional NSW is struggling through one of the worst droughts on record and every day the crippling impact extends further beyond the farm gate, so I’m pleased to announce these projects just one month after the stimulus package was announced.”
Projects to receive funding include a $4.25 million upgrade of four major road routes in Singleton LGA and $6.5 million for Scone Regional Airport upgrades.
Barilaro said further announcements will be made at Dubbo, Gilgandra, Coonamble, Nyngan, Cobar, Broken Hill, Orange, Bathurst, Gunnedah, Deniliquin, Merimbula, Hilltops LGA and Queanbeyan. 
“It’s important everyone in the bush, our farmers, families and businesses, know what NSW Government support is available to them, which is why I will personally deliver this new funding information to regional towns in the coming days,” Barilaro said.
The next set of projects to be funded from the Drought Stimulus Package is currently being assessed. 
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NSW government approves $96 million in projects for drought hit regions

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Melbourne based developers <a href="/developers/icd-property">ICD Property</a> have partnered with Ohmie Go – a local Australian tech start-up – to launch the country’s premiere electric car-sharing service. Ohmie Go will be run out of ICD Property’s landmark development, Eq. Tower, a 63-storey residential building comprised of 633 apartments. The electric car-sharing service will join a long list of the award-winning building’s resident amenities, including karaoke rooms, games rooms, resort-style spa facilities and more.

<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/1._eq._tower_high_density_development_exterior_look-up.jpg" rel="gallery-all" title="Eq. Tower exterior view. Credit: ICD Property"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/1._eq._tower_high_density_development_exterior_look-up.jpg?itok=xsVZNIEO" title="Eq. Tower exterior view. Credit: ICD Property" width="580"></a>

<figcaption>Eq. Tower exterior view. Credit: ICD Property</figcaption></figure><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/14._eq._tower_high_density_development_swimming_pool.jpg" rel="gallery-all" title="Eq. Tower's luxury outdoor pool. Credit: ICD Property"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/14._eq._tower_high_density_development_swimming_pool.jpg?itok=n0rzqZ1C" title="Eq. Tower's luxury outdoor pool. Credit: ICD Property" width="580"></a>

<figcaption>Eq. Tower's luxury outdoor pool. Credit: ICD Property</figcaption></figure><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/charging_in_the_city.jpeg" rel="gallery-all" title="One of the property's electric cars. Credit: ICD Property"><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/charging_in_the_city.jpeg?itok=RwW9MNkr" title="One of the property's electric cars. Credit: ICD Property" width="580"></a>

<figcaption>One of the property's electric cars. Credit: ICD Property</figcaption></figure>Residents of <a href="/buildings/eq-tower-127-abeckett-street-melbourne">Eq. Tower</a> will have access to two brand new Kona electric vehicles, which can be booked, unlocked and billed via the Ohmie Go app. At this stage, the developers have identified that two cars would be sufficient to accommodate the requirements of Eq. Tower residents but will consider adding more should the demand for shared cars increase.

<blockquote>
“Providing Eq. Tower residents with an electric car-share service helps minimise the number of cars on city roads, alleviating traffic congestion. It also reduces the need for city dwellers to own a car and carpark within their building and all the costs associated with that. We’ve loved working with Ohmie and having the chance to back Australian entrepreneurs who have original ideas that can benefit the wider community in an area as important as sustainability.”
</blockquote>

- Matthew Khoo, ICD Property Managing Director

<h2>Why this is a fantastic initiative for apartment owners</h2>

In a recent Urban feature where we looked into the <a href="/news/what-will-the-future-of-cycle-culture-in-australia-look-like">future of bicycle infrastructure in Australia</a>, we discovered some interesting facts about car use.

<ul>
<li>A carpark in an apartment building can cost you <a href="https://reiv.com.au/policy-resources/latest-news/car-space-adds-more-than-%24100,000-to-apartment-pri">anywhere up to $100,000</a> on top of the apartment value</li>
	<li>A recent survey found that parking spaces outnumbered vehicles <a href="https://participate.melbourne.vic.gov.au/transportstrategy/car-parking">by approximately 40%</a>, with up to one-third vacant residential parking spots</li>
	<li>Our cars are generally parked <a href="https://www.reinventingparking.org/2013/02/cars-are-parked-95-of-time-lets-check">95% of the time</a>
</li>
	<li>It’s eco-conscious in so many ways. From the physical car’s low environmental footprint, through to the greener lifestyle of not owning a car</li>
</ul>
If you don’t own a car in Australia’s major cities, there are plenty of convenient transport options, which even involve car use, just not your own. Uber and car-sharing are two complementary modes of transport to the great public transport infrastructure in Australia’s cities, as well as cycling, walking and e-scooter/bikes.

<blockquote>
“The environmental benefits of existing car-sharing models in reducing the overall number of private vehicles on the road are already well established. If the car sharing is electric, then that further significantly contributes to reducing emissions, making a good thing even better. We believe that homes and transport solutions that are sustainable are overwhelmingly preferred by today’s consumers!”
</blockquote>

- Kyle Bolto, CEO of Ohmie

<h2>How much will the service cost</h2>

To rent a car will cost $15 per hour, with a daily cap of $79 – giving users the flexibility to take the car for a long weekend away, or just a quick school drop off.

Ohmie Go has been supported by automotive giants Hyundai, as well as JET Charge (Australia’s leading electric car recharging company), with plans to expand to other residential developments across Australia in the near future.

<h2>WHAT THEY SAY</h2>

<blockquote>
“We’re excited to be partnering with Ohmie Go for the launch of Australia’s first residential car-sharing service, and to provide Eq. Tower residents access to long-range, eco-friendly electrified driving with our stylish new Kona Electric SUV. It is Hyundai’s intention to establish leadership for eco cars in Australia and we are inspired by Ohmie Go’s equally ambitious plans to offer convenient and cost-effective mobility solutions across the country.” 
</blockquote>

- JW Lee, Hyundai Motor Company Australia CEO 

<blockquote>
“We have been waiting for years to team up with a company that recognises EVs as being both a mobility and energy asset. In Ohmie we found that company. They share our vision of offering a leading car-sharing business using 100% electric vehicles and also using the same vehicles to support our electricity grid, maximising that vehicle’s utilisation. We are super excited to be launching this world-class service with Ohmie Go, Hyundai and ICD Property”
</blockquote>

- Tim Washington, JET Charge CEO
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Olivia Round

Australia welcomes first ever electric car sharing service

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GUEST OBSERVATION 
Of all the mantras for modernism, the one I think most befitting for Australian mid-century modern houses is <a href="http://arti.sba.uniroma3.it/esprit/" target="_blank">L'esprit Nouveau</a> – The New Spirit. These houses represented more than style; they reflected a new Australian spirit that emerged in the postwar era.
Modernism was established in Europe at the beginning of the 20th century. An intentional shift away from classical tradition, it was informed by new technology and mass production. While early modernism was weighed down by the avant garde and elitism, mid-century modernism - which includes architecture from the 1950s to the late 1970s - became accessible and was embraced internationally.
The current resurgence in popularity of mid-century modern houses in Australia has been spurred by websites such as <a href="https://modernistaustralia.com" target="_blank">Modernist Australia</a>, social media groups for “MCM” enthusiasts, <a href="https://www.heide.com.au/exhibitions/design-life-grant-and-mary-featherston" target="_blank">public exhibitions</a>, and even real estate agents dedicated to selling the <a href="http://www.modernhouse.co/" target="_blank">Modern House</a>.
<a href="https://images.theconversation.com/files/283628/original/file-20190711-173325-1ewrzm7.jpeg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/283628/original/file-20190711-173325-1ewrzm7.jpeg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a> 
Boyd House, Walsh Street, South Yarra 1958. Architect: Robin Boyd. Photograph: Mark Strizic, c.1965 Mark Strizic Collection State Library Victoria Melbourne © Estate of Mark Strizic
 
A fascination with mid-century modernism has also been explored in the two-part documentary <a href="https://www.abc.net.au/tv/programs/streets-of-your-town/" target="_blank">Streets of Your Town</a>, hosted by comedian and self-proclaimed “architecture tragic” <a href="https://www.timross.com.au" target="_blank">Tim Ross</a>. He describes how the popularity of these houses was underpinned by purpose as much as style:
<blockquote>
Modernism may have had its birth in Europe and its glamour in America but I think it found its egalitarian purpose, unrivalled anywhere else in the world, in Australia’s suburbs.
</blockquote>
Some enthusiasts point to the television series <a href="https://www.curbed.com/2017/11/22/16690454/midcentury-modern-design-mad-men-eames" target="_blank">Mad Men</a> as the catalyst for international mid-century modern revivalism. But visual culture has also been central to its popularity in Australia. As these homes emerged, so too did the suburbs, which became the setting for much of Australian television and theatre.
<a href="https://images.theconversation.com/files/283813/original/file-20190712-173329-9h3dfz.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/283813/original/file-20190712-173329-9h3dfz.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
The hit TV series Mad Men is closely associated with the global revival of mid-century modern style. IMDB
I think this is central to the popularity of these houses. Even if you didn’t grow up in one, you probably watched a family who did on television.
I grew up in a late 70s, mid-century modern home. It was designed by a draftsperson, not an architect, but featured many of the design elements commonly associated with the style. Just like the Kerrigan family in <a href="https://www.youtube.com/watch?v=tf8AjYvQZmE" target="_blank">The Castle</a> we had a pool room, complete with a purpose-built bar.
Mid-century modern in pop culture
Early 20th century Australian architecture, especially during the interwar period, had been burdened with the nationalistic desire to create a distinctly Australian house.
In the postwar era, however, the cultural landscape shifted from the wide brown land to the interior of our suburbs, and especially our homes. Australian culture was motivated by the kind of self-consciousness often associated with modernism. This was reflected in mid-century modern houses, with their humble facades and efficient planning.
<a href="https://images.theconversation.com/files/265717/original/file-20190325-36273-1dwpj9n.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/265717/original/file-20190325-36273-1dwpj9n.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Image of interior of a Royal Victorian Institute of Architects Small Home Services House, designed in conjuction with the Age newspaper, 1955. <a class="source" href="http://search.slv.vic.gov.au/permalink/f/1cl35st/SLV_VOYAGER1758927" target="_blank">Photo: Wolfgang Sievers. Pictures Collection, State Library Victoria</a>
Ray Lawler’s 1955 play <a href="https://australianplays.org/script/CP-2584" target="_blank">Summer of the 17th Doll</a> exemplifies this shift and is considered to be the first Australian play to be set inside a house. Around the same time, in 1956, Melbourne was hosting the Olympic Games, and with a shortage of hotel accommodation, families were asked to billet athletes. This placed Australian homes, in a very real sense, on an international stage.
It was this event that inspired the character <a href="https://www.theage.com.au/national/victoria/dame-edna-60-years-of-megastardom-20151211-glliea" target="_blank">Mrs Norman Everage</a> (later Dame Edna Everage) of Moonee Ponds. The first Edna Everage show revolved around her domestic preparations for international guests in the lead up the 1956 Games. Barry Humphries then took a satirical view of Australian domesticity to an international audience.
Humphries’ critical view on Australian life, alongside books such as David Horne’s <a href="https://www.goodreads.com/book/show/3305564-the-lucky-country?from_search=true" target="_blank">The Lucky Country</a> (1964) and architect Robin Boyd’s <a href="https://www.goodreads.com/book/show/2479687.The_Australian_Ugliness?from_search=true" target="_blank">The Australian Ugliness</a> (1960), represented a <a href="https://www.themonthly.com.au/books-peter-conrad-coming-age-peter-conrad-robin-boyd-s-australian-ugliness-fifty-years-2175" target="_blank">maturing</a> of Australian culture, which emerged from critical reflections on our position in the world through art, architecture, literature and film.
Boyd and Humphries shared an enduring friendship, and there are many <a href="https://griffithreview.com/articles/a-preposterous-life/" target="_blank">overlaps</a> in their critique of Australian domesticity. Boyd’s work has undoubtedly been at the centre of the current mid-century modern revival. The attention it attracts is not just about his architecture, <a href="https://placesjournal.org/article/revisiting-robin-boyds-anti-architecture/?cn-reloaded=1" target="_blank">but also the sentiments that informed it</a>. For Boyd, architecture was not an isolated discipline, rather it possessed the capacity to shape, and be shaped by, broader social, political, economic and cultural ideas.
Boyd was instrumental in setting up the <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2018-06-14/treasure-trove-small-homes-helped-deliver-great-australian-dream/9861204" target="_blank">Small Home Service in 1947</a>, which delivered designs for modern, small, flexible, and affordable homes in response to postwar housing shortages. It is probably this aspect of his work that resonates the most – a solution to housing inefficiencies led by professionals for the greater good, not financial greed.
<a href="https://images.theconversation.com/files/264275/original/file-20190318-28483-1izrisg.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/264275/original/file-20190318-28483-1izrisg.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Brochure of Royal New South Wales Institute of Architects Small Homes Services Catalogue. <a class="source" href="http://collection.hht.net.au/firsthht/fullRecord.jsp?recnoListAttr=recnoList&amp;recno=7433" target="_blank">Caroline Simpson Library &amp; Research Collection, Sydney Living Museums</a>
Great Australian party houses
Of course, there is much to admire about Boyd’s designs, and those of the other architects working for the Small Home Service. Externally, the designs were refined and simple. Australian mid-century modern houses are unique with their pitched roofs in contrast to the flat roofs found in America and Europe. They introduced open plan living areas, a move away from a series of rooms connected by hallways.
This openness brought more light into living spaces, as did bigger windows and glass sliding doors that connected inside and outside. And, as Ross’ book <a href="https://www.booktopia.com.au/the-rumpus-room-tim-ross/prod9780646969886" target="_blank">The Rumpus Room, And other stories from the suburbs</a> (2017) describes, this openness made them great Australian party houses.
Made of prefabricated elements, these houses were a builders’ delight - and affordable. By the 1960s, most large building companies, including AV Jennings offered a range of such houses for sale.
<a href="https://images.theconversation.com/files/264274/original/file-20190318-28471-1g8ml61.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/264274/original/file-20190318-28471-1g8ml61.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=237&amp;fit=clip" alt=""></a>
AV Jenning Homes Brochure 1960s. AV Jennings
This year marks <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2019-05-18/1969-federal-election-was-comedy-of-errors-in-tally-room/11124594" target="_blank">50 years since the election party</a> that inspired David Williamson’s play <a href="https://australianplays.org/script/CP-187" target="_blank">Don’s Party</a> (1971). Williamson drew inspiration from his AV Jennings Type 15 home, built in the Melbourne suburb of Bundoora in the 1960s.
In 2011, I asked him how his home had influenced the writing of Don’s Party. He told me:
<blockquote>
a feature of these houses was the openness and connectedness of the living, dining and kitchen areas with the bedrooms down a corridor at the back. This openness allowed one to think of a set design. It was good for the dramatic structure. I drew a floor plan and had the characters’ names on slips of paper which I slid around the floor plan so I knew who was where at any particular time.
</blockquote>
Williamson’s reflections show how these houses were a literal backdrop to writers and performers at the time.
The 1976 film Don’s Party was shot in a house built by Australian company Pettit and Sevitt, founded in 1961. Its design, known as the “Lowline”, was created by architects Ken Woolley and Michael Dysart.
Like the Small Homes Service, Pettit and Sevitt aimed to build good quality, affordable, architect-designed homes. Forty years after closing their business, they have <a href="https://www.pettitandsevitt.com.au" target="_blank">recently re-opened it</a>, such is the current enthusiasm for mid-century modernism.
It seems obvious that the combination of affordability and well designed homes is an irresistible quality. However, the popularity of mid-century homes, - both then and now - runs much deeper. I would argue that they are also a reflection of a nation quietly contemplating its place in the world.
The problem child of heritage
The rise of the mid-century modern house unfortunately coincided with the modernist urban planning principles that resulted in car dependent, low density suburbs on the outskirts of cities. The sprawling nature of these suburbs has contributed to the housing stress many Australians currently experience.
The location of these houses, along with their larger lot sizes, means many have now been demolished and replaced with higher density developments. There is now a sense of urgency about their protection and conservation.
Professor Philip Goad from the University of Melbourne describes modernism as the “<a href="https://australia.icomos.org/wp-content/uploads/Unloved-over-loved-or-just-misunderstood-Modern-architecture-%E2%80%93-the-problem-child-of-heritage-vol-25-no-1.pdf" target="_blank">problem child of heritage</a>”. By this he means, it belongs to an era that has surely passed by, but is too young to be broadly admired as built heritage.
Publications such as <a href="https://www.propertyobserver.com.au/https://www.bookdepository.com/Designer-Suburbs-Judith-OCallaghan/9781742233468" target="_blank">Designer Suburbs</a>, <a href="https://www.booktopia.com.au/hot-modernism-macarthur-john/prod9781908967589" target="_blank">Hot Modernism</a>, <a href="https://www.booktopia.com.au/australia-modern-hannah-lewi/prod9781760760151?source=pla&amp;gclid=EAIaIQobChMIzNaBppK44wIVkoRwCh0QAwnYEAQYASABEgJUDfD_BwE">Australia Modern</a>, <a href="https://uwap.uwa.edu.au/products/an-unfinished-experiment-in-living-australian-houses-1950-65" target="_blank">An Unfinished Experiment in Living</a>, and <a href="https://www.newsouthbooks.com.au/books/other-moderns/" target="_blank">The Other Moderns</a> have highlighted the broader cultural value of these houses. This has also been part of the mission of the <a href="https://robinboyd.org.au" target="_blank">Robin Boyd Foundation</a>, which has conserved Boyd’s iconic Walsh Street House.
<a href="https://images.theconversation.com/files/283627/original/file-20190711-173338-ix2qqj.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/283627/original/file-20190711-173338-ix2qqj.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a> B
oyd House, Walsh Street, South Yarra 1958. Architect: Robin Boyd. Photograph: John Gollings, 2012 © John Gollings
This year marks 100 years since Boyd’s birth. In August, an exhibition at Melbourne’s <a href="https://www.heide.com.au/exhibitions/robin-boyd-design-legend-0" target="_blank">Heide Museum of Modern Art</a> will celebrate ten of his most iconic houses. The exhibition aims to share Boyd’s “<a href="https://www.heide.com.au/exhibitions/robin-boyd-design-legend-0" target="_blank">humanist belief that good design can improve people’s lives and the world we live in</a>”, capturing both the ethos of mid-century modern and the sense of nostalgia that now surrounds it.
Very few surveys of mid-century modern houses in Australian suburbs exist. In 2018, Bayside Council in Melbourne started a heritage survey of them in the suburbs of <a href="https://architectureau.com/articles/melbourne-council-begins-survey-of-one-of-australias-densest-concentrations-of-mid-century-modernist-homes/" target="_blank">Beaumaris and Black Rock</a>. Unfortunately, less than a year later, council had <a href="https://architectureau.com/articles/melbourne-council-dumps-survey-of-one-of-australias-densest-concentrations-of-mid-century-modernist-architecture/" target="_blank">abandoned the project</a>.
The connection between Australia’s mid-century modern houses and popular culture demonstrates their cultural and heritage value. However, heritage is not simply determined by perceived aesthetic merit – it also needs to address <a href="https://www.icomos.org/risk/2002/20th2002.htm" target="_blank">practical issues</a> such as the maintenance of building materials, as well as good planning principles.
The efforts of mid-century modern enthusiasts have produced greater awareness of the cultural significance of these buildings. In time, they should secure the same heritage protection afforded to other architectural styles.<img src="https://counter.theconversation.com/content/113363/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;">
<a href="https://theconversation.com/profiles/kirsty-volz-384905" target="_blank">Kirsty Volz</a>, PhD Candidate, <a href="http://theconversation.com/institutions/the-university-of-queensland-805" target="_blank">The University of Queensland</a>
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/friday-essay-why-old-is-new-again-the-mid-century-homes-made-famous-by-dons-party-and-dame-edna-113363" target="_blank">original article</a>.
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Why old is new again - the mid-century homes made famous by Don’s Party and Dame Edna: Kirsty Volz

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Veteran banking executive Ross McEwan — who turned around Royal Bank of Scotland in the wake of the global financial crisis — has been appointed new chief executive of the National Australia Bank.
He was most recently CEO of Royal Bank of Scotland, before that he was an executive at CBA.
The announcement comes five months after NAB's former CEO Andrew Thorburn resigned in the wake of the banking royal commission
McEwan won't commence work with NAB until his current obligations at RBS are completed, no later than April 2020.
The former head of retail banking at the Commonwealth Bank is a New Zealand-born banking heavyweight.
National Australia Bank acting chief executive Phil Chronican, who succeeds Dr Ken Henry as chairman in November this year, praised Mr McEwan's long-standing knowledge of Australian banking.
"Ross McEwan is the ideal leader for NAB as we seek to transform our operations and culture firmly around leading customer service, experience and products," Mr Chronican said in a statement to the stock exchange.
"Ross brings a compelling range of experience across finance, insurance and investment with a track record of delivering important and practical improvements for customers.
Mr McEwan had announced his resignation from RBS in April 2019.
The British Government still owns 62 per cent of RBS, although it plans to sell that stake by 2024.
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NAB announce new CEO Ross McEwan

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Off the plan Sugarcube-Honeycomb, Erskineville buyers have been locked out after contaminants fears.
They join other groups of residents also locked out of their Sydney apartments over safety concerns.
The 127 buyers secured apartments and terraces at Erskineville, in Sydney's inner-west through Ray White Project Sales Division and Colliers International
They were built on an old industrial estate contaminated with heavy metals, hydrocarbons and asbestos.
Sydney Council documents show construction approval for the <a href="http://www.sugarcubehoneycomb.com.au" target="_blank">Sugarcube Apartments and Honeycomb Terraces</a> was contingent on strict conditions for cleaning up the land and groundwater, involving accredited auditors.
The council said the buildings cannot be occupied because the developer did not comply with the conditions.
<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/2019/7/19/Sugarcube-Honeycomb%20Erskineville%202.jpg" alt="">
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A City of Sydney spokesperson said the developer had “not complied with the development consent conditions concerning the remediation of the site”.
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The city was in “ongoing discussions” seeking a resolution with the developer, Golden Rain Development Pty Ltd.
“We understand this is a most frustrating situation for all terrace and apartment owners,” the City of Sydney spokesperson said.
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The 109 Sugarcane apartments, and 18 Honeycomb terraces were built at the old Ashmore industrial estate.
When nearing completion pricing in Sugarcube was 1 bedroom for $665,000 with 2 bedrooms for $1,020,000 – $1,060,000.
The Sugarcane apartments were designed by DKO and built by Hamilton Marino.
The Metters Street and Coulson Street, Erskineville development was marketed as set to be ready to occupy in April 2018.
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Golden Rain Development has completed 30 projects across Asia with the Erskineville development promoted as its “flagship project” in Sydney.
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The buyers have taken to the City of Sydney’s social media pages to vent their frustrations about the “never-ending saga”.
Last week it was revealed that 30 loft-style apartments at 19 Gadigal Avenue in Zetland were <a href="/news/garland-lofts-zetland-apartment-block-in-secret-evacuation-last-year-due-to-building-defects">abandoned nine months ago</a> over severe water and fire safety defects.
Cracking also forced the evacuation of <a href="/news/no-definitive-cause-identified-but-opal-tower-is-structurally-sound-but-needs-significant-rectification">Sydney Olympic Park’s Opal Tower</a> on Christmas Eve last year and the <a href="/news/mascot-towers-residents-await-causes-of-cracking">Mascot Towers on Bourke Street, Mascot</a> last month.
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OTP Sugarcube-Honeycomb, Erskineville buyers locked out after contaminants fears

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Bonnie Doon, Gold Coast’s last family-owned dairy farm in Numinbah Valley, has been listed after more than 110 years in the Yaun family.
They have reluctantly decided to sell their five generation farm as they no longer make a living off the land following the deregulation of the dairy industry in 2000.
It was in 2007 when they ceased dairy farming.
It has Lamington National Park on one side and Springbrook National Park on the other.
It has been listed by Ray White Rural Queensland agent Rob Wildermuth, who is marketing the property with Peter Douglas.
Situated at <a href="https://www.realestate.com.au/property-livestock-qld-numinbah+valley-700039442" target="_blank">2325 Nerang Murwillumbah Road</a>, the majority of the property is cleared improved pastures of Kikuyu, Rhodes and clovers. 
At the western edge the 172 hectare holding, the property has around 40 hectares of rainforest.
Located a short drive and school bus to the Gold Coast Private and Public schools at the gate.
Numinbah also has a primary school which is within walking distance.
Instead of dairy cows, Angus and Charolais cows now feed on the improved pastures. 
The home is set to go under the auctioneer's hammer August 2.
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Former dairy farm in Numinbah Valley listed after 110 years 

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Melbourne City defender Iacopo La Rocca has sold his two bedroom Sydney apartment.
The former Western Sydney Wanderers player sold the Wentworth Point home for $701,000.
It traded for $11,000 more than the price guide which had been reduced from the initial $700,000 - $770,000 guide presented when it first hit the market.
There were four bidders at auction.
Situated at <a href="https://www.realestate.com.au/sold/property-apartment-nsw-wentworth+point-131369566" target="_blank">842/2 The Crescent</a>, he bought the home for $499,000 during his 2013 debut season.
La Rocca has been renting out the apartment since leaving the Wanderers.
The apartment had a $750 per week rental asking price in May.
Recently renovated, the two bedroom, two bathroom abode has an open-plan layout, with views of the district and the water.
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