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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Australian weightlifting legend Dean Lukin is selling the family's Mermaid Beach holiday home.
The Olympic gold-medal winning weightlifter bought the home with his brother David and mum Ann, shortly after the death of his father Dinko Lukin, the millionaire Port Adelaide fishing entrepreneur.
The Adelaide-based family paid $4.8 million for the timber beach house on the dress circle Hedges Avenue in 2013.
Set on 405 square metres on a prime corner block, the three level Hamptons-style home has three bedrooms and four bathrooms.
The Lukin's have modernised the home which now comes with concealed TVs and a sunken jacuzzi on the alfresco deck which runs off the lounge with a sandstone clad fireplace.
The master suite is hidden behind a solid wood pivot door. It comprises its own sandstone terrace, ensuite and custom walk-in wardrobe. 
Kollosche Broadbeach agent Eddie Wardale is asking $6,495,000.
Dean Lukin was the first, and only, Australian to win the super-heavyweight weightlifting gold medal at the 1984 Olympic Games in Los Angeles. 
This article was first published in the Weekend Australian. 
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firstname1-iYD4UYzvBa

Olympic gold medallist Dean Lukin lists family Mermaid Beach house

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Muriel Demarcus, the stylish wife of the Rio Tinto chief Jean-Sebastien Jacques, has bought again in Sydney.
This time it's a weekender at Avalon Beach.
The international couple reside in a $3 million apartment at Walsh Bay.
Demarcus has previously said Sydney feels like home and recently tweeted that Avalon was her “little bit of heaven”.
They’ve spent $3.25 million on a 1930s home that was described as a vintage bush cottage in its marketing by LJ Hooker agent Andrew Mappin, who secured the sale after just 30 days.
<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/avalon%20beach%201.jpg" alt="">
The three bedroom home features a grand sandstone fireplace (top).
It has a deepwater jetty, pontoon and working boathouse.
<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/avalon%20beach%202.jpg" alt="">
Jacques sold some Rio Tinto shares for £180,896 ($325,000) recently, although the advisory did not say it was to fund the beach house Down Under.
The couple arrived in Australia in 2016 after he was made CEO, but rather than take up residency in Melbourne where the mining company is headquartered, they opted for Sydney when they are not in London.
This article was first published in the Sunday Telegraph. 
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Rio Tinto boss's wife secures Avalon Beach weekender

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Having sold his Queens Park home, film editor David Gross has purchased up north.
Gross, who worked on The Water Diviner starring Russell Crowe, has spent $3.8 million on an Ewingsdale estate in the Byron Bay hinterland.
The home spans three levels with four bedrooms and five bathrooms across its 675 square metres of living space.
The downstairs living area opens to decking which has a 17 metre pool, spa and cabana with its own bar. A tennis court sits in the 6795 square metre grounds.
Ed Silk Byron Bay agent Ed Silk secured the sale to Gross.
This article was first published in the Saturday Daily Telegraph. 
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Film editor David Gross buys in the Byron Bay hinterland

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The Emerald property market is still trending upwards, but buyers do appear to be showing caution, according to a recent Herron Todd White (HTW) residential report. 
The report notes that sale volumes are below previous expectation, while the bottom end of the market has lifted to around $200,000 for houses.
"For the right product, we have seen values come back to within around 10% to 15% of the peak experienced in 2011 and 2012," the valuation firm said. 
The space to watch currently is vacant land sales with the top end reaching new highs in recent times, it said. 
"The wow factor this year to date has been the top end and two sales over the $1 million mark," the valuation firm commented. 
One of the sales is a resale from $890,000 only six months prior.
This same property sold at the bottom of the market for $635,000.
"So you can see that for the right product - modern, good location, good ancillary improvements, multiple buyers - values are pushing up," the valuation firm said. 
A five bedroom house in the Selma Rise estate has recently been sold for $495,000.
The family home at <a href="https://www.realestate.com.au/sold/property-house-qld-emerald-130926530" target="_blank">22 Haswell Street</a> (pictured above) comprises five bedrooms, kitchen with extensive storage, open plan living and dining areas, theatre room, rumpus room and in-ground pool.
It's within walking distance to the Marist college. 
<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/2019/7/2/emerald%201.jpg" alt="">
A current listing is a five bedroom home located 100 metres to Marist College priced at $829,000.
Nestled on a 900 square metre allotment, the house at <a href="https://www.realestate.com.au/property-house-qld-emerald-107329207https://www.realestate.com.au/property-house-qld-emerald-107329207" target="_blank">47 Jeppesen Drive</a> (pictured above) comes with five bedrooms, three separate living areas, children's retreat, separate dining, kitchen with European appliances and in-ground pool.
Other features include nine foot ceilings, solar system, ducted reverse air conditioner system and double lock up garage. 
"The market appears slow to steady across the region at present with no increase in sales volumes which is typical before an election and end of a financial year," the report said. 
"If some of the new proposed coal mines in the area start physical construction or production then we will surely see demand higher than supply." 
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j.ballantyne1990-6AQqhLzZaK

Top end of Emerald market hitting new highs: HTW residential 

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YarraBend is an exclusive new development, comprising of 6 precincts situated within the heart of Alphington. Just 6.5 kilometres from Melbourne CBD, the precinct also borders the city’s famous Yarra trail, giving residents the perfect lifestyle balance. The masterplan has been designed with a strong focus on gastronomy, technology, wellness and sustainability, in pursuit of creating one of Melbourne’s most exciting new developments to date.

<h2>What's on offer for residents</h2>

Health + Wellness

From spa facilities to smart gym technology including real and on-demand virtual yoga and spin classes, YarraBend's focus on resident wellness is a core aspect of the development. Whether you're looking to relax and meditate after a busy week, or train for a marathon, at YarraBend there will be something for everyone. 

Nature

In addition to the 21 parks within a 1km radius of YarraBend, the suburb will also be home to 4 parks as well as situated with direct access to 300m of the Yarra River. 

Sustainability

Green rooftops and solar panels will be installed wherever possible throughout YarraBend, providing reduced utility bills and a significantly reduced carbon footprint for residents. The Scandinavian-inspired roads prioritise the comfort of cyclists and pedestrians, encouraging a more environmentally conscious way of navigating the precinct. 

Dining

A carefully curated dining precinct by one of Melbourne's best chefs Scott Pickett will provide residents with a fantastic selection of cafes, restaurants, delis and providores, just minutes from their homes. 

Education

YarraBend is located within close proximity to some of Australia's most prestigious universities and schools, and the precinct's Hub building will be home to WorkLab, a coworking space which will offer a great lifestyle for both workers and students alike. 

Community

Residents of YarraBend will be invited to enjoy art installations and creative workshops, as well as the use of an exclusive residents' app to create an interconnected community.

<h2>Precincts now selling</h2>

<h2>Artisan Precinct</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/artisan_residences.jpg" rel="gallery-all" title="Artisan Residences. Credit: Glenvill"><img alt="" class="image-article-full-width-580px" height="331" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/artisan_residences.jpg?itok=py2MkNdo" title="Artisan Residences. Credit: Glenvill" width="580"></a>

<figcaption>Artisan Residences. Credit: Glenvill</figcaption></figure>The Artisan Precinct is set to become a thriving hub of activity with an array of bars, restaurants, providores and delis on offer.

Within this precinct sits Artisan Residences, a boutique collection of 28 apartments, with 1, 2 and 3-bedroom configurations. Each property has been exceptionally designed with ample space for entertaining, premium fixtures and finishes, with a select few apartments boasting private rooftop terraces.

<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/culinaryhouse.jpg" rel="gallery-all" title="Culinary House. Credit: Glenvill"><img alt="" class="image-article-full-width-580px" height="331" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/culinaryhouse.jpg?itok=qrDz9nry" title="Culinary House. Credit: Glenvill" width="580"></a>

<figcaption>Culinary House. Credit: Glenvill</figcaption></figure>Also situated within the Artisan Precinct is Culinary House Apartments. On offer is 1, 2 and 3-bedroom apartments which celebrate craftsmanship, by fusing urban design elements.

<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/thehub.jpg" rel="gallery-all" title="The Hub. Credit: Glenvill"><img alt="" class="image-article-full-width-580px" height="363" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/thehub.jpg?itok=Tf3p5_KD" title="The Hub. Credit: Glenvill" width="580"></a>

<figcaption>The Hub. Credit: Glenvill</figcaption></figure>The Hub is a three-story building situated right in the heart of the Artisan Precinct. The Hub welcomes guests with two private dining areas, complete with chef-quality kitchens. The building also features a recreation lounge complete with a pool table, poker room and bar. For those who would like to work from home, there is also an on-site coworking facility featuring the latest technology and ergonomically designed work stations.

<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/parkview.jpg" rel="gallery-all" title="Parkview apartments. Credit: Glenvill"><img alt="" class="image-article-full-width-580px" height="294" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/parkview.jpg?itok=z2msjzrA" title="Parkview apartments. Credit: Glenvill" width="580"></a>

<figcaption>Parkview apartments. Credit: Glenvill</figcaption></figure><h2>Parkview</h2>

The Parkview Precinct is set amongst nature and offers a mix of townhouses, apartments and house and land packages.

The Parkview Townhouses boast magnificent vistas overlooking YarraBend and lush greenery. The perfectly balanced interior design palettes feature elegant interiors with natural finishes including timber floors and stone bench-tops. Each home welcomes warm natural light, and plenty of space for residents to entertain guests.

Parkview’s apartments offer 1, 2 and 3-bedroom luxury residences inspired by the beauty of the Alphington Park and surrounds and architecture lead by renowned firm DKO. The apartments have been designed to maximise views of the Yarra River corridor and the beauty of the neighbouring parklands.

<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/themills.jpg" rel="gallery-all" title="The Mills. Credit: Glenvill"><img alt="" class="image-article-full-width-580px" height="363" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/themills.jpg?itok=bP3adfVb" title="The Mills. Credit: Glenvill" width="580"></a>

<figcaption>The Mills. Credit: Glenvill</figcaption></figure><h2>The Mills</h2>

The Mills Precinct has been designed by DKO Architecture and features a combination of townhouses and lofts. In traditional Melbourne fashion, the structures are linked with laneways and tree-lined walkways leading to a central courtyard where neighbours can connect.

The refined industrial townhouses comprise of 2, 3 and 4-bedroom configurations, offering ample space, and low-maintenance living. The first two releases of townhouses have already sold out, with the third stage on sale now. Each townhouse has been designed with generous 2.7 metre high ceilings in living areas, as well as offering ample storage capacity, and modern Smeg kitchen appliances.

Buyers are also offered a choice of two interior schemes – Manhattan or Brooklyn, both of which feature textured, natural materials which create a modern, industrial aesthetic. 

Interested to learn more about YarraBend? Reach out to the sales team today.
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Olivia Round

Discover YarraBend: A new benchmark for urban liveability

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An ocean-front home with cantilevered wings has taken out two awards at the 2019 HIA-CSR Australian Housing Awards.
Four other NSW winners were recognised, including an apprentice who is looking to use his carpentry skills for humanitarian purposes.
This year’s award winners were unveiled before hundreds of industry leaders at the prestigious awards ceremony held as the final night of the HIA 2019 National Conference in Perth.
Bellevarde Constructions (pictured above) won the top award for the year – the 2019 HIA–CSR Australian Home of the Year, partnered by CSR Building Products and 2019 HIA Australian Custom Built Home, partnered by Stramit Building Products, for its Headland House on the NSW South Coast.
The home features a sharp angular facade clad twice in stone and zinc, and cantilevered to create a gravity-defying illusion.
The project makes the most of the magical views over the Pacific Ocean with 500 kilogram glass panels in the ‘storm-viewing room’.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/5/30/TDV%20Constructions.jpg" alt="">
TDV Constructions won 2019 HIA Australian Townhouse/Villa Development (pictured above), partnered by Brickworks Building Products, for a series of thoughtfully-designed, modern family-sized townhouses that offer incredible indoor/outdoor living areas for their occupants.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/5/30/kitchen.jpg" alt="">
Minosa won 2019 HIA Australian Kitchen Design (picture above), partnered by Winning Appliances, for a cleverly designed space that creates a versatile and bright culinary domain.
Fairmont Homes NSW won 2019 HIA Australian Professional MediumBuilder/Renovator, partnered by Companion Systems, for their impressive management and diversity across new home builds and renovations.
Thomas Payton won 2019 HIA Jim Brookes Australian Apprentice, partnered byStratco Australia, for his ‘can-do’ attitude and excellent work ethic. Thomas has a desire to use his carpentry skills to assist countries to rebuild after natural disasters.
HIA Managing Director Graham Wolfe said the HIA-CSR Australian Housing Awards recognise the best in Australia’s residential building industry.
“HIA is committed to recognising our members who excel in building exceptional homes, kitchens and bathrooms,” Wolfe said.
“These members are reaching the highest standards in workmanship, are innovative, and pushing the boundaries with design.
“We also recognise the professional builders and business partners who are ahead of the game in customer service and business practices.
“All winners and finalists are congratulated; having achieved one of the highest accolades and being recognised before their industry peers.”
The HIA-CSR Australian Housing Awards are the ultimate platform to showcase the talents of the nation’s top builders and designers.
Winners are selected from state-based finalists, with awards in 22 separate categories (see full list below).
2019 HIA-CSR Australian Housing Awards winners
<table>
<colgroup>
<col>
<col>
</colgroup>
<tbody>
<tr>
<td>
2019 HIA-CSR Australian Home of the Year
Partnered by CSR Building Products
</td>
<td>
Bellevarde Constructions
NSW
</td>
</tr>
<tr>
<td>
2019 HIA Australian Apartment of the Year Partnered by Toyota Fleet
</td>
<td>
Giorgi
Western Australia
</td>
</tr>
<tr>
<td>
2019 HIA Australian Townhouse/Villa of the Year Partnered by Holcim Australia
</td>
<td>
Rivergum Homes
South Australia
</td>
</tr>
<tr>
<td>
2019 HIA Australian Custom Built Home Partnered by Stramit Building Products
</td>
<td>
Bellevarde Constructions
NSW
</td>
</tr>
<tr>
<td>
2019 HIA Australian Display Home Partnered by ActronAir
</td>
<td>
Better Building Services, DNA Architects and Sugar DesignsACT &amp; Southern NSW
</td>
</tr>
<tr>
<td>
2019 HIA Australian Outdoor Project Partnered by James Hardie
</td>
<td>
Aria Property Group
Queensland
</td>
</tr>
<tr>
<td>
2019 HIA Australian Project Home Partnered by Liberty Reinforcing
</td>
<td>
Inspired Homes
Western Australia
</td>
</tr>
<tr>
<td>
2019 HIA Australian Renovation / Addition Project Partnered by COLORBOND steel
</td>
<td>
Cassari Group
Western Australia
</td>
</tr>
<tr>
<td>
2019 HIA Australian Spec Home Partnered by Stratco Australia
</td>
<td>
S Smith Builders
Victoria
</td>
</tr>
<tr>
<td>
2019 HIA Australian Specialised Housing Partnered by Merlin Garage Door Openers
</td>
<td>
Resonate Homes
Western Australia
</td>
</tr>
<tr>
<td>
2019 HIA Australian Apartment Complex Partnered by Beacon Lighting Commercial
</td>
<td>
Aria Property Group
Queensland
</td>
</tr>
<tr>
<td>
2019 HIA Australian Townhouse/Villa Development Partnered by Brickworks Building Products
</td>
<td>
TDV Constructions
NSW
</td>
</tr>
<tr>
<td>
2019 HIA Australian Bathroom of the Year Partnered by Caroma Industries
</td>
<td>
Lane Group
Tasmania
</td>
</tr>
<tr>
<td>
2019 HIA Australian Bathroom Design Partnered by Caroma Industries
</td>
<td>
Archertec Interiors
ACT &amp; Southern NSW
</td>
</tr>
<tr>
<td>
2019 HIA Australian Kitchen of the Year Partnered by Winning Appliances
</td>
<td>
Darren James Interiors
Queensland
</td>
</tr>
<tr>
<td>
2019 HIA Australian Kitchen Design Partnered by Winning Appliances
</td>
<td>
Minosa
NSW
</td>
</tr>
<tr>
<td>
2019 HIA Australian Professional Major Builder Partnered by Companion Systems
</td>
<td>
Porter Davis
Victoria
</td>
</tr>
<tr>
<td>
2019 HIA Australian Professional Medium Builder / Renovator Partnered by Companion Systems
</td>
<td>
Fairmont Homes NSW
NSW
</td>
</tr>
<tr>
<td>
2019 HIA Australian Professional Small Builder / Renovator Partnered by Companion Systems
</td>
<td>
Ultimo Constructions
Western Australia
</td>
</tr>
<tr>
<td>
2019 HIA Jim Brookes Australian Apprentice Partnered by Stratco Australia
</td>
<td>
Thomas Payton
NSW
</td>
</tr>
<tr>
<td>
2019 HIA Australian Business Partner Partnered by B&amp;D Doors and Openers
</td>
<td>
Bec Hopper
P.A.H. Innovative Construction ACT &amp; Southern NSW
</td>
</tr>
<tr>
<td>
2019 HIA-CSR Australian People’s Choice Home Partnered by CSR Building Products
</td>
<td>
Brendan Grant Master Builders
North Queensland
</td>
</tr>
</tbody>
</table>
</body></html>

Six NSW entrants win at HIA national housing awards

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Combustible cladding is set to be completely banned on all new Queensland buildings.
The Queensland Minister for Housing and Public Works Mick de Brenni proposed the new regulation as part of a two-pronged approach to provide a lifeline to the State’s certifiers caught up in a shrinking insurance market.
The combustible cladding ban would extend to all aluminium composite panels with a PE core of greater than 30 per cent, and it would restrict usage across all buildings in Queensland.
Mr de Brenni said the proposals would help to protect Queenslanders, but called on the Commonwealth Government to protect Australians and introduce an importation ban on all aluminium composite panels with a PE core.
“I’ve made numerous calls on the Commonwealth to ban this combustible cladding at the border, they can’t keep dodging this responsibility to the people of Australia,” Mr de Brenni said.
“This is an opportunity to both reduce risk and back Australian manufacturing jobs, to which Prime Minister Scott Morrison should be jumping at the chance.
“And again, I call on Minister Karen Andrews to urgently address the issue at a national level, as the retraction of the insurance market has to be rectified by the Federal Treasury."
The proposals discussed at yesterday's meeting include also requiring certifiers to declare that combustible cladding hasn’t been used, and that there hasn’t been any product substitution during the construction process.
The other key solution to help certifiers proposed by the Queensland Government during the industry meeting, was to allow certifiers to remain licensed while they are holding professional indemnity (PI) insurance featuring cladding related exclusions.
Mr de Brenni said the ban on combustible cladding paved the way for the Queensland Government to allow certifiers to hold PI insurance with exclusions.
“By banning combustible cladding on new construction in Queensland, it means there doesn’t need to be an expense for certifiers in the form of exclusion free insurance,” Mr de Brenni said.
“However, allowing insurance with exclusions is a time-limited solution that provides the industry with immediate confidence to continue operating.
“These proposals are designed to ensure that jobs growth in Queensland doesn’t slow and construction industry practitioners continue to remain in the industry.
“We’ve already seen insurers attempting to cut and run from the market by withdrawing their insurance products and that means they escape their obligations, and that’s not on.
“This has put at risk hundreds of thousands of jobs in the sector and it’s got the potential to impact homeowners who would be left holding the can if they have to pursue litigation with dodgy buildings.
“Certifiers provide a level of protection for homeowners and we need to keep them in the industry.
“It means that as of today, the 400 licensed certifiers in Queensland will continue to be able to work tomorrow, and that means our record on job creation will continue, however subject to stringent conditions.
“The restrictions are part of the immediate term resolution of the issues to be followed by a suite of longer term system reform approaches including continuing to pursue a national ban on the importation of dodgy cladding.
“Prime Minister Morrison has a chance here to help rebuild confidence in the industry and back in local manufacturing jobs by banning dodgy cladding that fails community standards, but in the meantime we will have to impose extra requirements on the sector.”
Yesterday's proposals followed a number of weeks’ discussion with industry leaders on solutions to the certifier insurance issue.
A PricewaterhouseCoopers report released by the Palaszczuk Government yesterday shines a light on the effects caused by the deregulation of the Australian construction industry.
“Building industry professionals, from architects, to engineers and building certifiers, plus developers, play a pivotal role in ensuring that the built environment is safe and fit-for-purpose."
Mr de Brenni said PwC’s analysis showed the issue was not limited to Queensland, but a national issue affecting the building industry in all states and territories.
“Queensland has continued to work with industry on this issue,” he said. “I am committed to ensuring the viability of Queensland’s building and construction industry and am invested in ensuring the most appropriate and considered approach is taken to this situation.
“Queensland has led the way on behalf of the Building Ministers’ Forum for permanent labelling of  aluminium composite panels, reducing the issues found through investigations around product substitution.
“But whilst Queensland leads the nation with building industry reforms, there is still more work to be done.”
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Combustible cladding banned on all new Queensland buildings

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Losses at online estate agent Purplebricks have almost doubled with the UK based firm confirming plans to exit the US market after its previously announced exit from Australia.
It revealed in total, its operating losses in the key US and Australian markets were £52.9 million (A$93m).
"We have taken the difficult decisions to exit our businesses in both Australia and the US as it is very important that we now focus our resources on the UK and Canada, where we have a strong established presence and where there are significant opportunities to grow market share and deliver profitable growth for shareholders," Purplebricks boss Vic Darvey said.
"Both exits will be conducted in an orderly manner with the expectation they will be completed by the end of 2019."
It made a FY19 operating loss of £18.8 million (A$34m) in Australia.
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Purplebricks shareholders were updated today on the cost of its venture into Australia that facing "increasingly difficult market conditions as the year progressed, we changed the management team and business model."
"The board concluded that the prospective returns from Australia were no longer sufficient to justify continued investment and took the decision to exit the market in May 2019."
It has <a href="/news/purplebricks-australian-property-listings-shrink-to-just-800-homes-for-sale">fewer than 800 listings remaining in Australia</a>, down on the 4500 instructions received in FY2018.
A focused, results-orientated team are on the ground implementing its exit strategy, which is based around an orderly process where we stand by our key obligations and help customers successfully sell their properties.
With the decision to close its Australian business, it expects total losses and closure costs of between £6 million to £8 million in FY 2020.
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The company noted during the two and a half years that Purplebricks operated in Australia, "market conditions became increasingly challenging."
"Despite changes to the business model and the continued hard work and dedication of the team there, we failed to gain the scale needed to succeed.
"Given the market outlook, and size of the ultimate opportunity, the board took the decision in May 2019 to run down and close the business, which will be completed by 31 December 2019.
"A reduced team is in place to ensure a professional wind down of the business and to ensure we continue to deliver great outcomes for our remaining customers.
"Having launched in the US in September 2017, we expanded rapidly into a total of seven states within a year.
"Each state required a significant investment in marketing to underpin the brand.
"Having not seen the revenue growth we had expected, in early May 2019 we put the US business under strategic review, to examine the feasibility of delivering growth in a more effective and cost-efficient manner.
"Having reviewed a number of alternative business models, the outcome of the strategic review was that while there remains a significant opportunity to disrupt the US market, it would take substantially more management time and resources than the Company is able to commit at this time.
"Therefore, a decision was taken to withdraw from the US and either sell or close the business."
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Investment in building its brand in the US and establishing the Australian business led to a group operating loss of £52.3 million (FY 2018 loss: £27.8 million).
The business is supported by a robust balance sheet with a strong cash position, it advised.
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Its mission was to be "THE WORLD'S MOST INNOVATIVE, CARING AND MODERN REAL ESTATE AGENCY THAT HAS OUR PEOPLE AND OUR CUSTOMERS AT THE VERY HEART OF EVERYTHING WE DO. TOGETHER WE WILL NEVER STOP LEARNING, CHANGING AND WINNING."
It hopes to get to 10 percent of market share in the UK and 12 percent in Canada.
The Australian and US startups had been "incredibly distracting," Darvey told a results presentation.
"I don't think we will ever move to no-sale, no-fee. The upfront fee brings to us a motivated seller," he said, while acknowledging the agency would continue to evolve its pricing model.
 
The presentation noted UK commission rates were coming down, although this was only in certain pockets, and no figure was offered.
Rentals provide just 10 percent of the business.
Founded in 2012 by Michael Bruce and Kenny Bruce, it débuted on London's Alternative Investment Market (AIM) in December 2015.
In August 2016 <a href="/expert-insights/investing/purplebricks-arrives-in-sydney">it launched in Australia</a> and in September 2017 Purplebricks was launched in the US. 
In 2018, the company purchased DuProprio, a Canadian real estate company that offered commission-free real estate services.<a href="https://en.wikipedia.org/wiki/Purplebricks#cite_note-11"> </a>
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jchancellor-FAypfDUnLy

UK disruptor Purplebricks to also exit the US after Australian low commission venture failure

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Sydney's much anticipated light rail is finally in the testing stage, with the next target having the trams open to customers before the end of the year.
They ran the vehicles <a href="https://www.dropbox.com/sh/ndvqzedmnzatjek/AAAxdkA2RPyM6MQAdEfofGi7a?dl=0&amp;preview=SH_daytestingV4.mp4" target="_blank">through Surry Hills</a> and <a href="https://www.dropbox.com/sh/d7duz1sxasi8n39/AADLYh4snS04qnfXSAFpQ4c1a?dl=0&amp;preview=20190624+-+SLR_CBD-SOUTH_FIRST+TRAM+NIGHT-TEST_VIDEO+1080+V1(1).mp4" target="_blank">up George Street</a>.
New trams hold up to 450 passengers, the equivalent of up to nine standard buses. 
This means the new light rail network will have the initial capacity to move up to 13,500 commuters per hour during peak times (7am – 7pm).
Premier Gladys Berejikilian and Minister for Transport Andrew Constance recently inspected a new light rail vehicle parked outside Town Hall for the first time.
“It is great to see light rail back on George Street and the progress which is being made on this gamechanging project,” Ms Berejiklian said.
“We can expect to see a lot more light rail vehicles making their way through the CBD from now on.
“Day testing is underway between Randwick and Central. It will be extended to Town Hall soon and the vehicles will reach Circular Quay within months.
<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/2019/7/3/Sydney%20light%20rail%20Surry%20Hills%20testing.jpg" alt="">
“When it opens the line will deliver high capacity services from the heart of the city to Moore Park, Randwick Racecourse and the University of NSW.”
Constance said with testing becoming more frequent the NSW Government has today launched the new “Heads Up, Play it Safe around Light Rail” safety campaign.
“We remind the community to be aware of the changed environment and keep their “Heads Up” around the light rail,” Mr Constance said.
“Trams are quieter than people expect and cannot stop easily or quickly.
“We need pedestrians to look up from their phones and for cyclists and drivers to be aware and remember that tracks are for trams.”
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jrobinson-rf4aSBido9

Light rail testing commences across Sydney

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Stephen Koukoulas, the research fellow at Per Capita, a progressive thinktank, was forecasting the need for rate cuts as early as August last year.
He was the only one from a Bloomberg Survey in August 2018 who predicted a rate cut of any kind out of 21 economic groups/economists surveyed.
Koukoulas' forecast for Market Economics (pictured below) was remarkably accurate for where he foresaw rates as we got into the third quarter of 2019.
Even earlier, in June of 2018 he outlined "<a href="https://thekouk.com/item/612-the-remarkably-simple-case-for-an-rba-rate-cut" target="_blank">The remarkably simple case for an RBA rate cut</a>" in a blog on his website.
<img src="https://www.urban.com.au/images/2019/7/3/Koukoulas%20table.JPG" alt="">
In a series of tweets yesterday Stephen Koukoulas suggested "that may well be the last interest rate cut we'll see for a while"
"Is an interest rate cut a good sign or not? Well, like an ambulance at a car crash, it is good that it's there, but it's there for bad reasons"
"If only the RBA had taken this action a year ago and not been blindsided by house prices, finical stability, household debt and rose coloured glasses #RBAfail" 
In an article for the The Guardian, Mr Koukoulas said the RBA was "starry-eyed" about the economic outlook.
He suggested errors and misjudgments had cost tens of thousands of jobs, with the unemployment rate rising, underlying inflation hitting record lows and annual wages growth stalling at a little above 2%.
"The RBA is now playing catch up," he wrote.
"Whether the RBA has done enough with a 1% cash rate to kickstart the economy to the point where wages growth and inflation pick up to more comfortable levels is not yet clear."
No other forecaster surveyed suggested there would be rate cuts coming, with several suggesting there were hikes on the horizon.
They included ANZ, CBA, HSBC, Morgan Stanley and NAB.
Laminar Capital were the group with the highest forecast by this quarter, predicting a cash rate of 2.25%.
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