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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ASIC has disqualified Mr Leigh Jorgensen of Cairns, QLD, from managing companies for the maximum period of five years as a result of his involvement in three failed companies.
Mr Jorgensen was a former director of:
<ul>
<li class="null">A.C.N. 156 455 828 Pty Ltd - ACN 156 455 828, formerly known as North Trek Tours;</li>
<li class="null">Cairns Tour Bookings Pty Ltd - ACN 607 849 301; and</li>
<li class="null">Tudoods Pty Ltd - ACN 112 831 124.</li>
</ul>
Mr Jorgensen used the companies to operate a tour business in and around the Cairns region.  The companies were placed into liquidation between 11 April 2012 and 27 January 2017.
The total amount of debts owed by the companies to creditors amounted to approximately $1.1 million.
ASIC found that Mr Jorgensen:
<ul>
<li class="null">Failed to exercise his duties as a director with due care and diligence;</li>
<li class="null">Failed to ensure that proper financial records were kept;</li>
<li class="null">Failed to deliver books and records to the liquidators;</li>
<li class="null">Failed to make the required lodgements with, or pay taxes to, the Australian Taxation Office.</li>
</ul>
In reaching its decision, ASIC relied on reports that were lodged by the liquidators of the failed companies.
Mr Jorgensen’s disqualification took effect from 27 April 2019 and extends to 26 April 2024.
<h2 class="null">Background</h2>
Section 206F of the Corporations Act allows ASIC to disqualify a person from managing corporations for up to five years if, within a seven-year period, the person was an officer of two or more companies and those companies were wound up and a liquidator provides a report to ASIC about the company’s inability to pay its debts.
ASIC also maintains a <a href="https://connectonline.asic.gov.au/RegistrySearch/faces/landing/SearchRegisters.jspx?_adf.ctrl-state=6aemcndcc_4" target="_blank">'Banned and Disqualified Persons'</a> register that provides information about people who have been disqualified from:
<ul>
<li class="null">involvement in the management of a corporation;</li>
<li class="null">auditing self-managed superannuation funds (SMSFs); or</li>
<li class="null">practicing in the financial services of credit industry.</li>
</ul>
Following a separate investigation, Mr Jorgensen was convicted of making a false or misleading statement to ASIC (<a href="https://asic.gov.au/about-asic/news-centre/find-a-media-release/2018-releases/18-044mr-former-director-of-cairns-tour-company-convicted-for-making-a-false-or-misleading-statement-to-asic/" target="_blank">18-044MR</a>) when he lodged a form 6010 to voluntarily deregister A.C.N. 156 455 828 which had outstanding liabilities to the Commonwealth. Due to this conviction, Mr Jorgensen was automatically disqualified from managing corporations, until he successfully appealed the conviction on 10 September 2018.
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jrobinson-rf4aSBido9

ASIC ban former Cairns tour operator Leigh Jorgensen for five years

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The national housing market is forecast to trough in the third quarter of 2019, according to Moody's Analytics Second-Quarter 2019 Housing Forecast Report.
A gradual recovery in values has been predicted following the end of the downturn.
The May CoreLogic Hedonic Home Value Index results show the national housing market continuing its correction, led by Sydney and Melbourne.
House values across the country have declined almost 11% from their peak in mid-2017.
Moody's Analytics expect Sydney's housing market to lead the way in the recovery in 2020.
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"The correction in Sydney is forecast to have largely passed by 2020, but home value growth will be far from the lofty gains of recent years," Moody's noted.
"Housing values are forecast to rise modestly in 2020, with an average increase of 3.1% forecast for houses and 4% for apartments."
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Moody's have predicted a 7.8% national housing value decline in 2019, with prices to recover in 2020, rising 2.2%. They see a 4.7% increase across the country in 2021. 
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"Support for the improvement is coming from the RBA cutting the cash rate, alongside expected improvement in credit availability from APRA proposing to ease serviceability requirements," Moody's said.
"A gradual improvement will be the path going forward, with softer macroeconomic conditions at home, including expectations of wage growth remaining subdued working to dampen a stronger recovery."
Moody's forecast improvement in Melbourne's housing market too in 2020, with the inner east and north east leading the recovery.
The housing market around the Brisbane area is likely to see either flat or mildly positive returns in the coming years.
There will be areas with a correction in 2019 according to Moody's with a particular weakness in South Brisbane.
Perth is expected to be hit hard over 2019, with house values likely to decline nearly seven percent. Moody's believe there will be a small recovery in 2020 as the local economy improves thanks to population growth.
Adelaide’s housing market will continue its stable run, with house values forecast to rise 0.4% in 2019 after a 1.9% gain in 2018.
Moody's suggest Hobart's booming housing market bull run is likely at the end. House values are forecast to rise 2.8% in 2019, followed by modest corrections in 2020 and 2021. 
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Sydney to lead house price recovery in 2020: Moody's Analytics

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UBS Asset Management has sold their stake in Collgar Wind Farm, Western Australia's largest wind farms, to REST Industry Super.
REST had owned 40 percent of Collgar and have acquired UBS Asset Management's 60 percent stake.
The deal will make Collgar one of the largest Australian renewable energy projects directly owned by an Australian superannuation fund.
Rest has been involved with Collgar since construction began in 2010. 
Collgar generates, on average, between 40 and 50 per cent of the state’s renewable electricity. This is enough to power up to 170,000 average WA households per year and displace up to 690,000 tonnes of carbon dioxide emissions per year. 
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The acquisition was negotiated by Rest’s internal investment manager, Super Investment Management. 
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 George Zielinksi, chief investment officer at Super Investment Management, said the project is expected to continue to generate sustainable cash flows.
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“Collgar Wind Farm is a premium infrastructure asset that has been delivering strong returns for Rest members", Zielinski said.
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"Renewable energy projects like this will continue to play an important role in Australia’s future.
“As an existing owner, Rest has been able to monitor and assess the wind farm’s operational performance since construction was completed in 2011. 
"Taking full ownership is a great opportunity to drive further value from the asset and strengthen Rest’s infrastructure portfolio. 
"We are confident it will help grow members’ retirement savings into the future.” 
Collgar is the largest wind farm in WA, built on 18,000 hectares of land with a total capacity of 206 Megawatts. 
Collgar generates, on average, between 40 and 50 per ent of the state’s renewable electricity, enough to power up to 170,000 average WA households per year and displace up to 690,000 tonnes of carbon dioxide emissions per year. 
The project holds a five-star Global Real Estate Sustainable Benchmark (GRESB) rating for 2018.
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UBS sell controlling stake in Collgar Wind Farm, Western Australia's largest wind farm

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The Australian Tax Office has signalled a crackdown on investment property tax claims.
It comes as a growing number of people top up their exisiting loans, then claim deductions on cash being used for new cars, holidays or to pay down other debt.
Karen Foat, ATO assistant commissioner, told Nine Entertainment it was targeting investment properties as "a top priority" after analysis revealed 90 per cent of rental deductions contained an error.
Foat advised audits scrutinising rental deductions will double this year amid the 2.2 million investment property owners.
The crackdown will look at borrowers who have used their loan account like a regular bank account, with deposits and withdrawals for a variety of private, investment or business purposes.
"If you have a loan that you use to buy an investment property, but then you draw down on the loan and pay for a holiday or car - the purpose of the loan is now partly investment and partly private, meaning that only some of the interest on the loan is likely to be tax deductible," said William Buck tax services director Todd Want.
Mr Want warned another focus will be investors who make one-off deductions for repairs or additions to an investment property that need to be claimed over several years.
Mr Want added: "The key point here is - were the materials the same, or similar and does the repair achieve the same function? If you replace it with something that is superior, then you probably can't claim the deduction, it must be depreciated over a number of years."
He said: "It might not be deductible in the year of replacing it, but instead needs to be depreciated and claimed over time.
The ATO has previously signalled it will also focus on people who do not declare income from short-term rentals or renting part of a house or unit.
Holiday property owners who claim expenses for periods where it not genuinely available for rent, or was used privately, will continue to be closely monitored.
 
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j.ballantyne1990-6AQqhLzZaK

ATO's latest property investment crackdown

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The nation's top weekend auction sale was $7.1 million in Strathfield.
It was <a id="LPlnk714345" class="OWAAutoLink" href="https://www.devinere.com.au/23-newton-road-strathfield-4891963/" target="_blank">23 Newton Road, Strathfield</a>, one of only two homes remaining from a housing estate developed in 1927-28.
It sold for $300,000 over reserve, according to the Sunday Telegraph.
Sutherwood, a Tudor-style home, sold at $300,000 above its 2016 sale price of $6.8 million.
The vendors undertook a major renovation, adding an upstairs extension which was costed at $420,000, and installing a new kitchen.
Selling agent Steven Devine of Devine Real Estate said the 2036 sqm property probably had the biggest tennis court in Strathfield.
<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/2019/6/24/Strath3.jpg" alt="">
Five buyers registered for the auction, with four taking part after its $5.8 million opening bid. 
It sits with the 1858 Newton Estate which was then acquired by Judge Joshua Josephson who subdivided and sold under the title 'Josephson's Estate' from 1916 onwards.
The home was built for Ernest Davis, the inspector of the Child Welfare Department, whose family retained the home until 1970.
A sheet from the Strathfield Heritage Inventory formerly claimed that 23 Newton Street was the home of <a href="https://strathfieldheritage.org/people/biographies/louie-bickerton/" target="_blank">Louie Bickerton</a>, the Australian Open double champion.
It has been disputed by a more recent heritage study.
 
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jchancellor-FAypfDUnLy

Strathfield trophy home sells for $7.1 million

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The Liberty Tower apartment block at 620 Collins Street Melbourne has been evacuated by its residents early Sunday evening.
The apartment complex with around 240 units is located on the corner of Collins and Spencer streets, at the southern end of the CBD.
The building manager Carlo Innamorati is advising that the building has been hit by "severe electrical issues."
It is understood there are no lights, heating or working lifts. Nor the the lobby installation of continuous fluorescents suspended below the ceiling designed by the artist Stephen Bram.
It appears the basement was flooded which put the building's electricals at risk. It has been advised there was a burst water pipe.
Click <a href="https://www.propertyobserver.com.au/images/2019/6/22/Liberty%20Tower%20flood.JPG" target="_blank">here</a> to enlarge.
<img src="https://www.urban.com.au/images/2019/6/22/Liberty%20Tower%20flood.JPG" alt="">
The 28 floor apartment complex Liberty Tower was built in 2002 to a design by Elenberg Fraser with its curved aluminium facade.
It was constructed by Mainland Properties/Pan Urban developer turned publisher Morry Schwartz, who moved into the penthouse with his wife, Anna, the owner of Anna Schwartz Gallery on Liberty Tower's completion while they renovated their Carlton home. 
It was described as an $110 million project. The project manager was Baracon Group and the builders were Abigroup Contractors, which was acquired by Bilfinger Berger in 2004.
There are suggestions the electricity has stopped working entirely and will not be fixed for another four days.
Property commentator and <a href="https://twitter.com/PhilipSoos" target="_blank">economist Philip Soos tweeted</a> "residents will have to find other accommodation."
Located opposite Southern Cross Station, and The Age, 25 police were on scene tonight to help co-ordinate the evacuation of hundreds of residents on the coldest Melbourne day this year.
The most recent sale in the high-rise was a two bedroom eighth floor apartment at $520,000, which first sold in 2001 at $267,500. 
Over the holding time of nine years, the annual growth for was a disappointing 1.3 percent.
A ninth floor one bedder sold for $300,000 earlier this year having sold at $315,000 in 2014. It first sold in 2004 at $192,000.
Schwartz, the publisher of The Monthly and Saturday Paper, and his brother Danny recently sold the large retail site at its base, occupied by IGA for $21.55 million.
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Liberty Tower was dubbed one of Melbourne’s millennial landmarks with 238 apartments occupying levels 7 to 27 with 3 levels of sub-penthouses plus one penthouse level. A secure 200 car park is located from podium to level 7. Around the perimeter at ground level there are shops, cafes and restaurants.
Its use of perforated metal balustrading, introduced by Elenberg Fraser was the precursor to Elenberg Fraser use of this type of façade on many future buildings.
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The project become the first of many with Mainland and a long term relationship with Morry Schwartz, Brian Rule and Roger Hart who went to develop numerous Melbourne icons with the Baracon/Elenberg Fraser combination. 
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Liberty Tower, 620 Collins Street Melbourne apartment block evacuated

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The Bellevue Hill home that belonged to Lady Sonia McMahon and her husband, former prime minister William McMahon, has been sold again for close to $17 million.
It last traded for $9 million in 2011 when it was bought by Amber Richmond of the HPM Electrical family, and her husband Jamie Schwarz, a Yellow Brick Road executive.
The couple are the buyers of Mark and Anna Pasternak’s Vaucluse home for $15.1 million.
Lady McMahon had paid $123,000 for the home in 1968, the year her son, actor Julian McMahon, was born.
She bought it from turf commission agent Harold Fay.
Julian and his two sisters executed the sale in 2011, a year after their mother's death, having grown up in the home.
The study of Sir William, who died in 1988, was intact until its listing in 2011. 
The sale was through a buyers' agent, The Sunday Telegraph reported.
It follows a Point Piper home owned by South African-born Nandos owner Richard Einthoven and his wife Karen being sold yesterday for $21.8 million.
 
 
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firstname1-iYD4UYzvBa

YBR/HPM couple secure sale of former Lady Sonia McMahon's former Bellevue Hill home

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The latest addition to Sydney’s skyline – a 35-storey tower named 100 Mount, has recently completed construction and will stand 20 metres taller than the next tallest building in northern Sydney. The futuristic design is a collaborative vision realised by internationally renowned Skidmore, Owings &amp; Merrill LLP (SOM) and Australia’s own Architectus.

Drawing on inspiration from Sydney’s rich architectural landscape, the elegant structure seamlessly fits into its urban environment and features a unique cross-braced shell which encases expansive planes of glass. With over 40,000 square metres of lettable office space, the tower meets the highest standards in office spaces available in the city.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-06-21_at_4.56.09_pm_0.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="364" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-06-21_at_4.56.09_pm_0.png?itok=JC1Aa4pt" width="580"></a></figure>In addition to the building’s physical distinction, the credibility of the architectural team has given 100 Mount world-standard recognition.

<blockquote>
“100 Mount is testimony to the excellent calibre and collaboration of our designers. Combining SOM’s global expertise and design evolution with Architectus’ best local expertise and execution has created a world class building. We are very proud of the attention to detail combined with an excellent vision and concept which will set the benchmark in North Sydney for many generations to come.”
</blockquote>

Paul Oates, Dexus Head of Development

SOM is known for their pioneering skyscraper design including projects such as Chicago’s Willis Tower and John Hancock Centre; Lever House in NYC and more recently One World Trade Centre (NYC) and Burj Khalifa, the world’s tallest building in Dubai.

<blockquote>
“100 Mount is an embodiment of Sydney’s spirit of architectural innovation. SOM is proud to have continued this legacy, marrying it with our own history of innovation in skyscraper design worldwide. We’re thrilled to have created an iconic, beautiful centre for commerce in North Sydney’s growing Central Business District.” 
</blockquote>

Adam Semel, SOM Managing Partner

Architectus is a renowned architecture and design firm known for their impressive portfolio of office designs across Australia, including collaboration with Ingenhoven Architects, 1 Bligh, which was Australia’s first high rise with innovative double-skin glass façade; and Barrack Place – Australia’s first ever WELL Core &amp; Shell Gold Precertification and Platinum Certification.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-06-21_at_4.56.39_pm.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="389" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-06-21_at_4.56.39_pm.png?itok=na3TCKH9" width="580"></a></figure>At ground level, the tower contains a commercial lobby, featuring a café and restaurant, as well as a pedestrian pathway connecting the building to nearby public transport. A selection of boutique stores line the street-front along Walker Street. The street is also complimented with an additional street vehicle entry, which is forecast to remove over 100 cars from Spring Street and improve pedestrian access.

Each level of the tower also enjoys spectacular panoramic views of Sydney Harbour, the Sydney Opera House, Sydney Harbour Bridge and cityscape, thanks to the cavernous voids of open space and floor to ceiling glass panes.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-06-21_at_4.56.22_pm.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="870" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-06-21_at_4.56.22_pm.png?itok=N7zrpzUc" width="580"></a></figure>The project, delivered by property developer Dexus, is also targeting a 5-star Green Star Rating and 5-star NaBERs rating due to its innovative approach to sustainable design. The International WELL Building Institute™ has also awarded 100 Mount the WELL Core &amp; Shell Gold Pre-certification. With the health and wellness of the building's occupants at the forefront of design, the building offers automatic daylight control and glare reduction, as well as chilled beam systems for temperature control.

<blockquote>
“In progressively dense urban areas, it's vital that workplace design and environmental performance are paramount, but also that we deliver amenities and greater space for the public to move through and around the buildings. Just as Architectus has achieved on 1 Bligh and Barrack Place, the ambition for 100 Mount Street was to create a highly efficient office building that sets a new benchmark for workplace design, public amenity and sustainability features.” 
</blockquote>

Ray Brown, CEO of Architectus
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Olivia Round

Sydney’s latest tower 100 Mount celebrates completion

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The eastern suburbs peaked a little later than the general Sydney market, according to the latest Herron Todd White (HTW) residential report. 
However declines have now caught up with the greater Sydney market, with an 11% fall in the 12 months to April, according to Corelogic.
"At the lower end of the housing market, a recent sale in Botany of a 1900s, three-bedroom, one- bathroom semi-detached dwelling for $900,000 was more than 30% lower than when it sold for $1.3 million in August 2017," the valuation firm said.
The median house price in Botany was down 3.5% in the March quarter to $1.45 million, while the median unit price was down 2.4% over this time to $810,000, according to realestate.com.au data.
The report noted that the eastern suburbs prestige residential market was more resilient than the wider market in 2018, although there are definite signs that market has peaked as well.
The prestige suburb of Rose Bay experienced a 3.4% decline in its median house price in the March quarter to $3,646,500.
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Units fell even quicker with the median price down to $1,155,000, a drop of 7.6% over the quarter, realestate.com.au data says. 
A 124 square metre apartment in Rose Bay with double lock up garage was sold for $1.56 million in April. 
Set within a small block of four, the top floor apartment at<a href="https://www.realestate.com.au/sold/property-apartment-nsw-rose+bay-130823222" target="_blank"> 4/1 Hamilton Street </a>(pictured above) comprises light-filled living/dining flowing to balcony, Smeg gas kitchen, three bedrooms with built-in and rear communal garden.
The location is just a short walk to Rose Bay village shops. 
"This doesn’t appear to be uniform across all suburbs though, with Bellevue Hill (0.8%) and Vaucluse (7.2%) showing increases in their median house prices during the March quarter," the valuation firm said. 
Despite this, activity in these suburbs has definitely eased with only 13 sales above $5 million in Bellevue Hill as at mid-May compared to 64 for all of 2018.
Vaucluse has had 10 sales compared to 65 for all of 2018, according to PriceFinder.
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A pet friendly two bedroom unit set at the rear of a secure boutique block in Vaucluse has recently been sold for $1.1 million.
The unit at <a href="https://www.realestate.com.au/sold/property-unit-nsw-vaucluse-131163922" target="_blank">3/8 Burge Street</a> (pictured above) comprises two bedrooms, open plan living/dining, CaesarStone kitchen, and balcony.
It's just moments to village cafes, local shops, parklands and beaches. 
"With some economic concerns both at home and abroad, the prestige market may be a little more volatile as we head into the second half of the year," the valuation firm said.
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Eastern suburbs caught up in the greater Sydney market decline: HTW residential

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Architect Harold Desbrowe-Annear was the pioneer of the medieval movement in Australian home design, especially in Melbourne's north-east.
Born into a Bendigo mining family in the 1860s, raised on Westbank Terrace, Richmond and matriculating from Hawthorn Grammar, Anneal was articled in the office of the architect William Salway.
Salway's office was designing trophy homes, Raheen for Edward Latham in Kew, Moondah for James Grice at Mount Eliza and Millswyn Court for James Gatehouse in South Yarra.
Desbrowe-Annear was especially following the English Arts and Crafts movement closely.
He became responsible for much of the medieval inspired work in Heidelberg, Ivanhoe, Greensborough and Alphington.
His Macgeorge house at the confluence of the Yarra River and Darebin Creeks is still viewed as a stunner.
In the early 1900s the then Ascot Vale-based Desbrowe-Annear and his wife Florence headed to live at Eaglemont near Heidelberg.
His father-in-law James Chadwick had paid £170 for three building blocks high on Mount Eagle.
The couple built a home for themselves. Their home differed to the other two as it initially had a corrugated iron roof, painted red to replicate the expensive Marseilles-pattern metal tiles. The tiles were added at a later date.
The neighbouring father-in-law's home, that became known as Chadwick House, has been recently listed for sale at $3 million.
It is a medieval-inspired Arts and Crafts style home with half-timbered roughcast walls, a hipped and gabled Marseilles-patterned tile roof, arcaded chimney stacks and cantilevered gables. 
<a href="https://www.realestate.com.au/property-house-vic-eaglemont-130693858" target="_blank">Chadwick House</a> sits in 1,460 square metres of established gardens on The Eyrie with views capture by the Heidelberg School artists including Arthur Street and Walter Withers who had mixed socially with the Desbrowe-Annears.
<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/2019/6/28/eaglemount%203.jpg" alt="">
The home was first sold in 1922. It last traded in 1988 at $715,000 when sold by university professor Robert Reid to the architect Peter Crone and wife Jane, who undertook an award-winning restoration.
The home has been returned to its original condition, winning the national award for heritage from the Australian Institute of Architects in 2008 for Crone, who first became aware of Desbrowe-Annear in the 1960s. 
He was a student of architecture at RMIT on a class visit to Eaglemont to walk around the homes designed by Walter Burley Griffin and Desbrowe-Annear.
The class text, Robin Boyd’s Australia’s Home, published in 1952, referred to Annear’s inventive approach.
"Every new commission for a house was an invitation to experiment with a new device for a window or a cupboard or a detail of construction,” Boyd noted.
In 1902 Desbrowe-Annear gave a lecture at his local library where he quoted the emerging influential designer William Morris's 1880 lecture, The Beauty of Life.
"Have nothing in your houses that you do not know to be useful or believe to be beautiful.”
Embracing open planning, Chadwick House (pictured throughout), added to the Victorian Heritage Register in 1996, is a four bedroom, two level home with a stately dining room, a library and a living area with adjoining sitting room, opening to a verandah with views. 
<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/2019/6/28/eaglemount%202.jpg" alt="">
Internally the house has extensive timber panelling with Charles Voysey-style built-in furniture and storage space.
Guided by the notions of ventilation, aspect, sunshine, views, along with a healthy atmosphere, the home comes without the then very dominant, long passageway technique.
The swagged and ogee-arch slatted balcony balustrading have been borrowed from northern European 14th and 15th century domestic styles.
<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/2019/6/28/eaglemount%204.jpg" alt="">
These are exemplified in the white rough cast and black stained timbering both internally and externally, an early example of medieval revival style unique to Heidelberg.
Miles Real Estate Ivanhoe agents Stewart Oldmeadow and Elisse Farquhar, who initially gave a guide of $3.15 million to $3.35 million, have had an offer that seems likely to result in a sale.
Harriet Edquist's biography, Harold Desbrowe-Annear 1865-1933 : a life in architecture suggests he was an iconoclast and maverick, having been trained in the academic classicism of the 1880s.
She described the three Eaglemont homes as a "remarkable episode in Australian domestic architecture".
By 1914 Desbrowe-Annear was living in South Yarra with his upmarket clients commissioning Glynt at Mount Martha for the Henty family, descendants of Victoria's first European settlers. It bears a similarity to another of his designs, Delgany at Portsea.
After his 1933 death, Edquist noted his work was soon to be eclipsed by the modern movement, which was not interested in history or acknowledging its debt to pioneers.
This article first appeared in The Weekend Australian. 
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