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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Mitch Edwards and Mark McKie, who are being promoted as the ‘‘stylish grandads’’ on The Block’s upcoming series, are professional property flippers.
By my count these serial renovators have flipped 15 properties.
They have pocketed $3.5 million in gains over the past 13 years, excluding $560,000 in stamp duties, plus the estate agent and conveyancing fees.
And less whatever they spent on the renos.
They’re now seeking a buyer for <a href="http://www.laing.com.au/4715852/" target="_blank">their own North Bondi apartment</a> (above and below) which they’ve renovated since paying $855,000 last year. It has been listed by Tony Dowling and Vicki Laing at Laing Real Estate.
Their participation in the Channel 9 show has already been called into question by The Block’s diehard fan base who quickly recognised them from Channel 7’s renovation show Aussie Property Flippers.
Mitch, 56 and Mark, 57, were chosen from more than 45,000 entrants. Together 14 years, the couple have been flipping since they were a year into their relationship.
While they say that they have no practical building experience, and have never been “on the tools”, they are no strangers to the arduous parts of living through a renovation.
<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/2019/7/9/Mitch%20and%20Mark%20The%20Block%20Oslo.jpg" alt="">
Their flipping has mostly been done around Kings Cross with the Elan apartment building having seen some of their money-spinning successes.
In 2009 they paid $890,000 for a two-bedroom 20th-floor apartment which sold for $1.34 million just 18 months later. They sold a 24th-floor two-bedder for $1,875,000 in 2017 having paid $1.47 million two years earlier.
They made $300,000 on a Tamarama apartment in just nine months, buying for $780,000 and selling for $1,065,000 in late 2016 just before the boom ended.
The Fletcher St offering was back for sale at $965,000, but recently withdrawn through Tom Murray at LJ Hooker.
The Block returns for its 15th season next month with a transformation of the Oslo hostel into five homes in Melbourne’s St Kilda. The workload was double last year’s Gatwick and six times the original Block in Bondi in 2003.
This article was first published in the Sunday Telegraph.  
 
 
 
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firstname1-iYD4UYzvBa

The Block Oslo's Mitch and Mark seek North Bondi buyer

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The empty site of a Toorak mansion controversially demolished in 2015 has been put up for sale with expectations of $40 million to $44 million.
It is owned by Xiaoyan “Kylie” Bao, who paid $18.58 million in 2013 for St Georges Road trophy home, Idylwilde.
<div class="in-content-ad">
<div class="ad">The Herald Sun report its listing arises after a matrimonial separation.</div>
<div class="ad"> </div>
<div class="ad">It was torn down much to the outrage of local residents.</div>
Domain reported a caveat was placed last week on the property tile by corporate entity Abacus Calculators (W.A.) Pty Ltd claiming an interest as chargee.
The oversized block is a little over 4250 square metres sitting empty for almost four years.
The 16 St Georges Road, Toorak has been issued with a building permit for a single dwelling, Stonnington council confirmed.
“Council has no authority to prevent blocks sitting vacant, and cannot instruct an owner to develop the land,” interim chief executive officer Simon Thomas told the local paper.
Council asked the then Liberal Government planning minister Matthew Guy for interim heritage controls which was rejected.
Idylwilde, the historic 1913 Edwardian villa with art nouveau influences, aka Ulva, was bulldozed by the Chinese tycoon Wang Hua, from the Jeshing Group and his wife, Xiao "Kylie" Yan Bao.
It was <a href="/news/offshore-buyer-secures-16-st-georges-road-toorak-from-peter-devitt-in-circa-20-million-sale">bought for $18.58 million </a>from LU Simon boss Peter Devitt and his wife Jo and their family who owned it for the 16 years.
It was marketed internationally via a short film produced by Golden Eye Media. 
<a href="https://www.propertyobserver.com.au/images/stories/2013/09/23/toorak-sept-23-floorplan-big.jpg" target="_blank">Click to enlarge</a>
<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/stories/2013/09/23/toorak-sept-23-floorplan-small.jpg">
 
<a href="/news/chinese-tycoons-heritage-edwardian-toorak-villa-demolition-plans-thwarted">The mainland Chinese buyer</a> flew into Melbourne on their private jet to put the signature on the sales contract.
It has been reported Wang Hua, from the Jeshing Group, ranked in 2013 as China's 790th richest person, with a net worth of $400 million.
It was alleged on a visit to Australia, Mr Wang brought in a suitcase full of US dollars that was deposited in a local branch of a mainland Chinese bank, according to allegations in court documents. 
Melbourne’s house price record stands at $52.5 million for the Stonington mansion in Malvern.
 
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j.ballantyne1990-6AQqhLzZaK

Demolished Toorak trophy home Idylwilde site relisted at $40 million plus

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The Australian Prudential Regulation Authority (APRA) has announced that it has loosened the serviceability restrictions on home loan mortgage assessments.
It will allow borrowers to lift the size of their loans as lenders will be allowed to provide mortgages up to 14 per cent larger.
In a letter to lenders issued Friday, APRA confirmed its updated guidance on residential mortgage lending.
They will no longer expect them to assess home loan applications using a minimum interest rate of at least 7 per cent or 7.25 per cent which has been the common industry practice.
Lenders will use a revised interest rate buffer of at least 2.5 per cent over the loan’s interest rate.
AMP Capital chief economist Shane Oliver noted the prudential changes were yet to have a real impact, although they would have helped sentiment at auctions.
“The interest rates cuts and the election result are the main factors,” he said. 
Federal Housing Minister Mich­ael Sukkar said yesterday there was renewed confidence and “tentative green shoots” in the housing market.
“With the dark clouds of Labor’s housing taxes — abolishing negative gearing and doubling capital gains tax — gone after the election, two successive interest rate reductions and the Aust­ralian Prudential Regulation Authority’s sensible changes to the serviceability buffer, there are good reasons to be confident about the Australian housing market,” he said.
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APRA loosens home loan serviceability restrictions 

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The Woollahra abode of Daniel Hausman was passed in at weekend auction at $2.99 million.
There were around four registrations taken by Phillips Pantzer Donnelley agent Anthony Puntigam.
The property developer is one of the ­alleged beneficiaries of the biggest tax fraud in Australian history.
<a href="https://www.realestate.com.au/property-house-nsw-woollahra-131338434" target="_blank">The Woollahra property</a> was bought for $3.25 million in 2016.
A restricting court order was lodged on the property title in May 2017 after Hausman’s arrest.
The three-bedroom sandstone terrace has gardens with a pond on its 280 square metre Wallis Street block.
Hausman is among those facing charges after a scam allegedly ­involving $100 million-plus in taxes being skimmed from the Australian Taxation Office through underpaid payroll taxes.
Hausman has been charged with blackmailing the Plutus alleged syndicate ring leader, Adam Cranston.
He is alleged to have used some of the laundered money to buy his Woollahra mansion.
“It’s the way I sorted my house so it’s all safe,” Hausman said on taped intercepts presented to the Supreme Court.
“It comes back nice and f...ing squeaky clean.”
Hausman, who told a court hearing last August he had no occupation and couldn’t earn money since the arrest, had previously hit the headlines as one of the last to speak to ­Michael McGurk, at the Lord Dudley pub, Paddington, several hours before his 2009 murder.
This article was first published in the Sunday Telegraph.
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Woollahra home of alleged Plutus scammer Daniel Hausman passed in

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Ballina 234, a new house-and-land package at Point Cook, Victoria fetched $736,000 at weekend hockingstuart auction.
The proceeds raised from the no-reserve auction have been donated to the Maddie Riewoldt’s Vision charity to fund research in the fight against bone marrow failure syndrome.
Designed by Fairhaven Homes, the single storey house at <a href="https://www.realestate.com.au/property-house-vic-point+cook-131150374" target="_blank">12 Joyce Street, Point Cook </a>comprises four bedrooms, rumpus, large open-plan living/meals/kitchen area, covered alfresco area and fully landscaped garden. 
Other features of Ballina 234 include kids’ wing with study nook, designer lighting, driveway and fencing.
The home will come complete with $50,000 worth of furniture and a 12 month Foxtel Platinum Package.
The lucky bidder also received a new Mercedes Benz to park in their new double garage.
<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/2019/6/27/point%20cook%202.jpg" alt="">
Situated on a 425 sqm block within Satterley’s Upper Point Cook Estate, Ballina 234 is just a few steps from Upper Point Cook estate’s recently opened $2.4 million 1 hectare park.
The 1800-lot residential estate won the Best Residential Community Over 250 Lots in the 2018 Urban Development Institute of Australia awards. 
<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/2019/6/27/point%20cook%203.jpg" alt="">
Surrounded by walking and cycling paths, the development features 14ha of open space, parks and playgrounds and brand-new childcare centre. 
The buyers, who plan on moving in, live a few streets away with their two sons and wanted to stay in the area.
 
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Maddie Riewoldt’s Vision charity home at Point Cook sells for $736,000 at charity auction

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Harrisville, an Illawarra region dairy farm - that had been in the same family’s ownership for over 100 years - sold last week for $2,025,000 through Ray White Albion Park agent Rob Linnehan.
It was 162 North Curramore Road which came with expansive views over the Jamberoo Valley, Saddleback Mountain and beyond.
<a href="https://www.raywhite.com/nsw/jamberoo/2065869/?lang=en" target="_blank">The 47 hectare farm</a> is considered high quality heavy carrying country in a high rainfall area.
The property was 70 per cent cleared pasture slopes and balance timbered rain forest.
There was a brick residence and dairy buildings consisting of five bedrooms plus office. 
 
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Jamberoo dairy farm sold for first time in over 100 years

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Cracking in the carpark basement at Clemton Park Village has placed Frasers Property amid Sydney's widening building defects calamity.
The Campsie complex joins the Elias Brothers-built Mascot Towers and Ecove's Opal Towers as apartment complexes showcasing building cracking defects.
No evacuations have been required at Clemton Park Village, which was completed just three years ago.
Unlike the earlier two, Clemson Park Village is a low-rise project which was commended in the 2017 Urban Development Institute of Australia (UDIA) excellence awards.
It won the Urban Taskforce Australia’s Mixed Uses Development Award at the Development Excellence Awards 2017, presented by the Planning Minister Anthony Roberts.
The builder, Parkview is currently working with Frasers and the occupants, residential and commercial on a "remediation plan."
The remediation works would be at "no cost" to the owners, although residents dread that they will incur a lost value cost following the complex's reputational damage.
Parkview promotes itself as a "multi-award-winning property company committed to integrity, excellence and innovation."
But <a href="https://www.propertyobserver.com.au/https://twitter.com/7NewsSydney/status/1147057694424961024" target="_blank">Friday evening Channel 7 news</a> showed footage with metres of cracks in the carpark basement ceiling.
<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/2019/7/8/Clemton%20Park%20Village%202.jpg" alt="">
The roof has been jacked up after a "potential issue with a concrete slab" was identified. It does not appear to be a structural issue.
"As a precaution, temporary props were installed and engineers employed to confirm the property is safe," Frasers Property advised at 3.59pm yesterday.
Entrances and exits to the building all have "danger" signs, Channel 7 noted.
However Frasers crisis management publicists stressed "there was no risk to residents or visitors."
It said "the property is safe."  
<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/2019/7/8/Clemton%20Park%20Village%201.jpg" alt="">
Frasers worked in partnership with leading architects Kann Finch and Group GSA on the design.
The strata managers are Strata Plus, which also provides property developers with strata consulting services.
Clemton Park Village was begun as a three staged, Australand project located 13 kilometres from the Sydney CBD. Frasers took over Australand in 2014 with the final apartments delivered in 2017. 
On its completion Clemton Park Village housed 1,500 people in 747 apartments across 11 residential buildings.
The village comes with a Coles supermarket. 
It was the former factory site of electrical appliance maker Sunbeam. 
Prior to its residential zoning, Sunbeam owned the land from 1951 to 2002.
Before this, the land was Mackinders Market Garden farming potatoes, beetroot, carrots, pumpkin and squashes.
Steve Mann, chief executive of the NSW branch of the Urban Development Institute of Australia, told Nine Enertainment that incidents involving building standards were "quite rare".
He said NSW has some of the most rigorous building standards in the world, requiring that builders fix defects at their cost.
"There is an average of around 40,000 dwellings completed each year, and last year there were 163 complaints made to the Building Practitioners Board," Mr Mann noted.
An apartment building just 150 metres from the cracking Mascot Towers had been pinpointed as the 'next to go.'
Completed in 2009, it has been alleged to have had waterproofing issues, sinking foundations and sediment cracks since 2014 according to building defects campaigner, Edwin Almeida.
 
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Cracks see Frasers Property Clemton Park Village caught up in widening apartment building defect calamity 

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Sunshine Coast has seen a general slowing in the market in 2019, according to the latest Herron Todd White (HTW) residential report. 
The report notes that a significant number of agents have indicated that general enquiry has fallen, which has effectively led to a lack of urgency in the market.
On the back of this, stock levels have increased in some areas as well as the number of days on market.
Whilst there has been a general softening in the market, there are still sales being made.
Property that is well located with a good offering and is priced at the right level is selling.
It’s just that instead of selling in the first week or two, it’s more like six to 10 weeks - what would appear to be more like a normal market, HTW said.
"In our The Year Ahead issue in February, we talked about the negatives and positive for the coast. To be honest, they haven’t changed great deal. The continued slowing of the Sydney and Melbourne markets hasn’t helped confidence," the valuation firm said. 
"A big hurdle has been a federal election campaign that dragged on and the uncertainty that created was challenging.
"The positives continue to be the massive infrastructure projects underway." 
The Maroochydore CBD, Sunshine Coast Airport expansion and the Sunshine Coast International Broadband Submarine Cable project are all under construction and all massive for the area.
"As always, the beachside areas have been performing well relative to areas further inland.
"The coast lifestyle is the major driving factor and this is expected to continue albeit at a slower pace," the valuation firm said. 
According to the report, the coastal strip in the sub $800,000 price range is expected to continue to be in demand.
A Caloundra waterfront unit on Penthouse level with rooftop terrace is currently on the market with a price guide of $850,000.
The fully furnished unit at<a href="https://www.realestate.com.au/property-unit-qld-caloundra-131462378" target="_blank"> 10/4 Maloja Avenue</a> (pictured below) comes with two bedrooms, two balconies, large living and dining areas, gourmet kitchen and secure car park.
It also features views of the Pumicestone Passage, Bribie Island, the ocean and Glass House Mountains in the distance.
<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/2019/7/1/caloundra.jpg" alt="">
The larger estates of Aura at Caloundra South and Harmony Estate at Palmview are still generating some good interest but it does appear that stock levels are increasing with spec homes hitting the market.
These estates still offer the most affordable new homes on the coast with land size being forgone.
This is being mirrored in the hinterland subdivisions in the railway townships, such as Habitat in Palmwoods.
Larger land sizes are the big driver in this market with upgraders being active.
"The prestige market in the Noosa area as in other areas on the coast has slowed a little," the valuation firm commented. 
"The influence of the Sydney and Melbourne markets you would think is having an impact.
"However, in discussions with various agents dealing in the prestige markets, there are still people around with plenty in their pockets to spend, its just that they are discerning with personal preferences, presentation and motivation which impacts heavily on the ultimate sale price."
A Noosa Heads three bedroom apartment has recently been sold for $1,825,000.
Situated within Lumina Residence, the first level apartment at <a href="https://www.realestate.com.au/sold/property-apartment-qld-noosa+heads-131042938" target="_blank">105/10 Serenity Close</a> (pictured below) comprises three bedrooms, two living areas, kitchen with Miele appliances and courtyard gardens.
It has direct access to 5-star common facilities. 
<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/2019/7/1/noosa%20heads.jpg" alt="">
The weak Aussie dollar has been good with ex-pat and international buyers helping to fill the void.
There are a number of unit complexes under construction or proposed which see an increase supply particularly within the Maroochydore area.
There are good levels of interest in owner- occupier style units within smaller complexes with low body corporates.
This swing to permanent living units has been reflected in the popularity of a number of new unit complexes that directly target this market with investment grade product being more challenging.
"One thing that is certain is there are a lot more people around the coast. It used to be in holiday periods but now it seems to be all the time.
"This can’t be a bad thing to help support the market." 
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Sunshine Coast coastal strip continues to be in demand: HTW residential 

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A freestanding contemporary home at Glebe is on the market.
It has been offered by Mark Tooth and James Cahill of Belle Property Glebe.
Positioned on a wide fronted 545 square metre land-holding, the north facing house at <a href="https://www.realestate.com.au/property-house-nsw-glebe-131310538" target="_blank">96 Hereford Street</a> underwent a reinvention in 2002 by architects Quattro Design with further upgrades under its current ownership. 
<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/2019/7/4/glebe%202.jpg" alt="">
It comprises master suite with dressing room, three additional bedrooms, open plan casual living and dining, designer kitchen, family/TV room, and landscaped gardens.
There is a 167 square metre multi-room single level studio to the rear which includes walk-in cool room or wine cellar. 
<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/2019/7/4/glebe%203.jpg" alt="">
Other features include entrance lobby, water storage tanks and internal access to DLUG Sprawling. 
It's an easy stroll to Forest Lodge Public, Glebe Village, city bus, light rail and the restaurant hub at The Tramsheds.
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Quattro Design renovated Glebe trophy home listed

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A two level home set on 2.4 hectares in The Oaks, NSW, has been listed for sale with over $2 million hopes. 
Stuart Davies and Mark Inglis from Davies Inglis Property Camden have the listing. 
The house at <a href="https://www.realestate.com.au/property-acreage+semi-rural-nsw-the+oaks-129492722" target="_blank">40 Daley Close </a>comprises formal and informal living and dining, gourmet chef's kitchen with cool room, master bedroom flowing to the verandah, and four additional bedrooms.
<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/2019/7/4/the%20oaks%202.jpg" alt="">
It also comes with large tennis court, croquet lawn and equestrian arena located adjacent to the outdoor bar area down the climbing rose covered pergola. 
Other highlights include pool, country gardens, two paddocks and large five bay shed with water. 
<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/2019/7/4/the%20oaks%203.jpg" alt="">
There is also an approved studio come games room or accommodation that is fully self-contained.
</body></html>

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