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

Joel Robinson

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

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

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

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

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

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

Lowe Living launches Jardin House in Camberwell

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

The Walden pairs house-scale living with North Sydney connectivity

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

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The Wedge House, one of Whale Beach's most identifiable properties, has been sold at $2.92 million.
The home, with two wedges that extend in opposite directions, <a href="https://palmbeach.ljhooker.com.au/house-in-whale-beach-nsw-2107-au-6nkf6z#.XNvPZi-B2T8" target="_blank">was designed by architect Peter Stutchbury and colleague Marika Jarv</a>.
Set high above Whale Beach, the somewhat primitive house was designed to take advantage of its position overlooking the sand and sea.
“Architecture can be explained logically beyond the creative,” Stutchbury has said about Wedge House.
 “The experimental thought can be integrated progressively.” 
It was a tricky sloping block, offering views of the ocean, which for Stutchbury demanded an irregular design to accommodate the irregular site.
“Wedge House is an intuitive response to the issue of seaside living on a specific site," he said.
<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/2019/5/31/whale%202.jpg" alt="">
It had an initial guide of $3 million to $3.3 million through LJ Hooker Palm Beach agents David Edwards and Danielle Forde when listed in early April.
It was built between 1998 and 2000 for the current vendors, Deon and Kim Hubner, co-founders of Living Ocean, the not for profit organisation for ocean care and awareness.
They paid $520,000 for the 710 square metre property in 1998 before commissioning Stutchbury Architects to create the space now set in Pape Landscape gardens.
Professor Max Irvine was the construction engineer on the Beauty Drive project.
<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/2019/5/31/whale%203.jpg" alt="">
It won the 2003 Australian Timber Design award after its build by Bryce Campbell.
The lighter, northern wedge is designed to fly beyond its anchored partner, diagonally outward.
Its cantilevered wing homes the open plan living, kitchen and dining space.
The southern wedge is nestled into the garden and courtyard.
It is made up of the master retreat with walk in wardrobe and study.
Multiple openings connect the living areas to the gardens.
Two further bedroom, a living space and bathroom sit beach the upstairs living area and deck. 
Its land value is $1.7 million.
LJ Hooker suggest is summer rental at peak season would be $1000 a night. Or $1500 a week for a long term annual rental
 
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j.ballantyne1990-6AQqhLzZaK

Peter Stutchbury's Whale Beach Wedge house sold

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Kon Stathopoulos, the head of sales, has departed McGrath Estate Agents.
Stathopoulos is no longer listed on website showing the McGrath management team.
He had been with McGrath since the beginning of 2014.
He became head of company sales in October 2016 when he was elevated from being McGrath’s general manager of sales, NSW.
He took on the current role when McGrath Limited lost its longtime head of sales, Matt Lahood to The Agency, <a href="/news/mcgrath-group-loses-head-of-sales-matt-lahood-after-two-decades">with the Lahood departure and Stathopoulos appointment announced to the stockmarket</a>.
He was listed among the agencies' top earners in the 2018 company annual report with a $625,000 annual renumeration, including bonuses, up from $560,000 in the 2017 financial year and $413,000 in 2016.
Lahood had been on $679,000 in the first year after the McGrath float.
The mid-week departure has not been notified to shareholders, nor any replacement details.
He joined the Sydney office in 2014 when he moved into real estate from Melbourne, and took 12,000 shares in the group in the late 2015 IPO grant to executives, and 77,000 shares in the 2017 grant.
He'd previously been in sales for almost 14 years, starting off as a teenager as a telemarketer for Neopost Australia, a mail and logistics company.
He advanced to manage revenue, profit and their entire Australian sales team at Neopost, which included culture, strategy, training and recruitment.
 McGrath was a client.
On his 2016 appointment the then chief executive Cameron Judson announced he was "excited about the energy and enthusiasm that he brings."
Stathopoulos has previously explained his enthusiasm was that "real estate has always been in my DNA."
He'd purchased his first home at 22 and second at 29, both in Melbourne.
He'd noted proudly that the McGrath agency had superstar agents.
"One of my favourite roles is being able to celebrate the agents who have committed and been loyal to the business for many many years," he recently said.
McGrath will shortly be leaving its long-time head office in Edgecliff in Sydney's eastern suburbs and heading to inner-city Pyrmont.
It has taken the lease of a refurbished 1500 sqm ground floor space at 100 Harris Street from late October. 
One insider reportedly suggested the new digs enabled McGrath to "continue its brand renewal."
The gross annual market rent in the former 1890s wool store sits was $600 to $700 a square metre, giving McGrath savings in lease expenses, according to the Nine Entertainment website.
McGrath will share the building with Domain and WeWork.
The agency had reduced the Edgecliff office size required on <a href="https://www.raywhite.com/nsw/edgecliff/1718420/" target="_blank">New South Head Road</a> last year. 
Initially developed in 1989, and expanded in the early 2000s, the Edgecliff building has five levels of commercial office space a total lettable area of 3,500 square metres as well as basement parking for 67 cars.
The building sold last month for $41 million back to Anka Eastern Pty Ltd.
It had previously sold in 2005 to long-time Mirvac chief Bob Hamilton who paid $19.26 million reflecting a sale yield of 7.75 per cent when it was bought from Anka Property Group, directed by Andrew and Vera Boyarsky.
Anka Property Group had paid $10.6 million in 2001, it having been the temporary offices of Woollahra Council.
It was leased on its 2001 sale to McGrath and data warehousing firm Tacoma, with the price translating to a sale yield of more than 9 per cent when sold by mainland Chinese investor Grand Ocean, which bought the building in 1995 for $10.8 million. 
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jchancellor-FAypfDUnLy

Kon Stathopoulos departs McGrath Estate Agents

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Greenland Australia’s latest milestone development <a href="/buildings/omnia-226-victoria-street-potts-point">Omnia</a> in Potts Point, Sydney, is due to welcome new residents to its luxury penthouse suite The Regal. Having recently completed construction of the 294 square metre, twin level residence, the developers have shared some photos of the finished apartment with Urban.com.au. 

<blockquote>
“It’s great to have the opportunity to showcase our first completed penthouse, which perfectly demonstrates our expertise in delivering premium luxury residences for the most discerning of buyers."
</blockquote>

- Sherwood Luo, Greenland Australia’s Managing Director

<h2>EXCLUSIVE PHOTOS OF THE REGAL PENTHOUSE</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/screen_shot_2019-06-07_at_3.12.13_pm.png" rel="gallery-all" title="Credit: Greenland Australia"><img alt="Credit: Greenland Australia" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-06-07_at_3.12.13_pm.png?itok=KHkFTKFJ" style="width: 580px; height: 385px;" title="Credit: Greenland Australia"></a>

<figcaption>Credit: Greenland Australia</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/penthouse_living.jpg" rel="gallery-all" title="Credit: Greenland Australia"><img alt="Credit: Greenland Australia" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/penthouse_living.jpg?itok=mKcMxgbX" style="width: 580px; height: 387px;" title="Credit: Greenland Australia"></a>

<figcaption>Credit: Greenland Australia</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-06-07_at_3.17.29_pm.png" rel="gallery-all" title="Credit: Greenland Australia"><img alt="Credit: Greenland Australia" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-06-07_at_3.17.29_pm.png?itok=jc9xWpRG" style="width: 580px; height: 384px;" title="Credit: Greenland Australia"></a>

<figcaption>Credit: Greenland Australia</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-06-07_at_3.17.40_pm.png" rel="gallery-all" title="Credit: Greenland Australia"><img alt="Credit: Greenland Australia" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-06-07_at_3.17.40_pm.png?itok=hV6G0vcs" style="width: 580px; height: 387px;" title="Credit: Greenland Australia"></a>

<figcaption>Credit: Greenland Australia</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-06-07_at_3.17.54_pm.png" rel="gallery-all" title="Credit: Greenland Australia"><img alt="Credit: Greenland Australia" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-06-07_at_3.17.54_pm.png?itok=Xwbg9zDZ" style="width: 580px; height: 380px;" title="Credit: Greenland Australia"></a>

<figcaption>Credit: Greenland Australia</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-06-07_at_3.18.23_pm.png" rel="gallery-all" title="Credit: Greenland Australia"><img alt="Credit: Greenland Australia" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-06-07_at_3.18.23_pm.png?itok=yejkR7FV" style="width: 580px; height: 386px;" title="Credit: Greenland Australia"></a>

<figcaption>Credit: Greenland Australia</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-06-07_at_3.18.32_pm.png" rel="gallery-all" title="Credit: Greenland Australia"><img alt="Credit: Greenland Australia" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-06-07_at_3.18.32_pm.png?itok=zY0cclqN" style="width: 580px; height: 383px;" title="Credit: Greenland Australia"></a>

<figcaption>Credit: Greenland Australia</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-06-07_at_3.18.44_pm.png" rel="gallery-all" title="Credit: Greenland Australia"><img alt="Credit: Greenland Australia" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-06-07_at_3.18.44_pm.png?itok=bfH4wgJV" style="width: 580px; height: 187px;" title="Credit: Greenland Australia"></a>

<figcaption>Credit: Greenland Australia</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-06-07_at_3.18.53_pm.png" rel="gallery-all" title="Credit: Greenland Australia"><img alt="Credit: Greenland Australia" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-06-07_at_3.18.53_pm.png?itok=EeC7MPzf" style="width: 580px; height: 286px;" title="Credit: Greenland Australia"></a>

<figcaption>Credit: Greenland Australia</figcaption></figure><h2>THREE PENTHOUSES WITHIN THE OMNIA COMPLEX</h2>

<h2>THE REGAL</h2>

The Regal has been designed to the unique configuration requested by the buyer and features four bedrooms – each with an en-suite. Studioaria was tasked with the design of the interiors of the apartments, which feature bespoke joinery, custom carpets, a silk feature wall, leather panelling and luxurious golden tapware.

<blockquote>
“Our design paid homage to the many beautiful Art Deco buildings in the precinct – this was reflected in the custom-made carpets, wall panelling, wall coverings and light fixtures… it’s quite refreshing to see Art Deco inspired details utilised in a contemporary building of this nature.”
</blockquote>

- Paul Greenwood, Director, Studioaria

The apartment also features an expansive lounge, with an organic indoor-outdoor flow and built-in BBQ. A designer kitchen with Gaggenau appliances is situated as the centrepiece of the living area, providing the perfect space to entertain.

<blockquote>
“The client’s brief required a flow from the living and dining areas through to the terrace to create a fluid interaction of space, which is perfect for entertaining – we’re proud to say this has been achieved to great effect.”
</blockquote>

- Paul Greenwood, Director, Studioaria

<blockquote>
“The buyer of this penthouse is delighted with the result and looks forward to entertaining friends and family and taking advantage of having such close proximity to the Sydney CBD and surrounding suburbs.”
</blockquote>

- Sherwood Luo, Greenland Australia’s Managing Director

Smart-home technology systems have been installed, including the C-bus home automation system (which controls lights, curtains etc.) and a Samsung biometric fingerprint keypad and Bluetooth front door access system.

<h2>THE ROYAL</h2>

The Royal is the second sold penthouse apartment within the Omnia complex. Featuring a sculptural helical staircase surrounding a cylindrical lift, the four-bedroom, four bathroom apartment is nothing short of lavish. The penthouse was sold in March this year to a couple from Sydney who purchased the property for $14,250,000 – which equates to a staggering $50,000 per square meter. The couple also purchased a second 2-bedroom apartment in the same building for their adult children, resulting in a combined sale of $16 million.

<h2>THE NOBEL</h2>

The final penthouse on offer, The Nobel, is still on the market and has been designed with reference to the elegance of The Hamptons’ coastal beach house retreats. The Nobel features a freestanding bathtub in the master bedroom, as well as a jacuzzi on the terrace.

<h2>ABOUT <a href="/buildings/omnia-226-victoria-street-potts-point">OMNIA</a></h2>

The $262 million development was brought to fruition by developers Greenland Australia under the architectural lead of Durbach Block Jaggers. The building is situated between Victoria Street and Darlinghurst Road in Potts Point and features a curvaceous hourglass shaped façade. Residents can enjoy convenient access to the on-site Woolworths supermarket, as well as speciality stores and restaurants on Level One.

<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/omnia_harbour_bridge.jpg" rel="gallery-all" title="Credit: Greenland Australia"><img alt="Credit: Greenland Australia" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/omnia_harbour_bridge.jpg?itok=KvHeAQLy" style="width: 580px; height: 326px;" title="Credit: Greenland Australia"></a>

<figcaption>Credit: Greenland Australia</figcaption></figure>
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Olivia Round

First look at Omnia’s The Regal penthouse before buyers move in

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Legendary racing driver Allan Moffat and partner Sue McCure are selling their Toorak apartment.
They tried to find a buyer in 2013 when asking $2,495,000, just as the property price boom begun.
They're now expecting between $2.9 million to $3.19 million through Marshall White Stonnington agents Marcus Chiminello and Anna Perry.
Moffat and McCure paid $2.25 million for the three bedroom, ground floor unit when it was new in 2011.
Moffat won the Australian Touring Car Championship four times over his 25 year career, inducted into the Sport Australia Hall of Fame late last year.
In 2015 Moffat sold his Toorak workshop of 40 years to developers.
This article was first published in the Weekend Australian. 
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firstname1-iYD4UYzvBa

Touring car racing legend Allan Moffat lists Toorak apartment

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The globetrotting Stuart Membery, a style icon for four decades, is selling Monkey Palm, his Bali bolthole.
The fashion designer turned property stylist bought the restoration project in 2004, a year after visiting Bali and falling in love with the ­Indonesian island.
Monkey Palm was a challenging project from the outset.
“It was a wreck. Deplorable. It had no roof at all — but I loved it,” Membery told me.
It became his signature property design showpiece which has since been embraced on projects by many of his clients across Bali.
The four-bedroom, plantation-style compound, which has appeared in Vogue Living, has a clean blue-and-white facade and covers 445 square metres of building space on 1820 square metres of land off a quiet laneway in bustling Seminyak.
Membery runs Stuart Membery Architecture in Bali where he spends around six months a year. His work takes him all over the globe.
“I was in the Middle East for months on a big-deal project last year and this year I’ll be spending a lot of time in Singapore — I’m a ­worker,” Membrey said.
He has no intention of quitting Bali because when Monkey Palm sells, he intends to relocate to Pineapple Hill, another four-bedroom property he has renovated over the years.
For him the sale of Monkey Palm is almost a predestined event of perpetual self-reinvention — a process he enjoys.
“I look forward to continuing to evolve,” Membery said.
Ray White Cottesloe agent Deb Brady is marketing the home at $975,000 in conjunction with Iggy Damiani at 1st City Sydney, and Harcourts Indonesia and Exotiq Bali.
Brady said representing Membery and his property was quite exceptional.
“I’ve been a great fan of his for years, from back when he first started in ­fashion,” Brady said.
“The Membery name is synonymous with style, and the property is simply as beautiful as you would ­expect.”
Indonesian law states that ­foreigners can’t own land, so Monkey Palms is being offered with a 22-year lease in place, with a 10-year extension available.
Membery believes he knows the type of person who will take over his home.
“I know who my market is — I’ve always known my demographic,” he said.
“Baby Boomers, because I’m one of them!”
This article was first published in the Sunday Telegraph.
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Australian designer Stuart Membery lists Bali villa Monkey Palm

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Shenley Croft, an Edwardian villa located in the Golden Mile precinct of Melbourne's Canterbury, has been set for auction on June 15.
The circa 1905 home has been listed by Jonathon O'Donoghue and Alexandra Valmorbida from Jellis Craig with a price guide of $3.9 million to $4.1 million.
Offered for the first time in 60 years, Shenley Croft at <a href="https://www.realestate.com.au/property-house-vic-canterbury-131205874" target="_blank">7 Mangarra Road, Canterbury r</a>etains original features including 3.6 metre high ceilings, polished timber accents and French doors.
It comprises four bedrooms, study, living and sitting areas, dining room, kitchen and meals with fireplace and bathroom with clawfoot bath.
<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/2019/6/5/canterbury%202.jpg" alt="">
Additional highlights of the villa include powder room, large laundry/vestibule, storeroom, hydronic heating, air-conditioning, and carport/garage plus off-street parking.
The Federation-era home offers opportunities to renovate and extend (STCA) on its two titles.
<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/2019/6/5/canterbury%203.jpg" alt="">
It is within close proximity to private schools, Camberwell Junction retail-restaurant precinct, Rivoli cinemas, parklands, Burke Road trams and East Camberwell train station.
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Canterbury Edwardian villa Shenley Croft set for auction

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An architecturally designed Malvern family home was passed in at weekend auction with no bidders. 
It has been offered by Justin Long and Fiona Counsel from Marshall White Stonnington with $5,875,000 hopes.
It last sold at $2,576,000 in 2007, three years before the new home was built.
Nestled on an 804 square metre block, the family house at 22 Embling Road comes with foyer featuring high ceilings, home office, home theatre, separate dining and living areas opening to courtyard with solar heated pool, downstairs main bedroom and gourmet kitchen. 
<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/2019/6/5/malvern%202.jpg" alt="">
The upstairs living area comprises three bedrooms, all with walk in robes, a covered north balcony and retreat.
The landscaped gardens provide vistas from every vantage point.
<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/2019/6/5/malvern%203.jpg" alt="">
Additional features include alarm, video intercom, ducted vacuum, C-Bus, audio wiring, powder-room, laundry, ample storage and an internally accessed triple garage.
It is situated in a leafy locale close to Malvern Gardens, schools, Glenferrie Road trams and High Street shops.
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Malvern trophy home passed in at $5.6 million with no bidders

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There were 4,926 Cairns homes sold over the 12 months to February 2019, down 11% when compared to the previous 12 month period, according to the latest CoreLogic Regional Report. 
It suggest that dwelling values across the region fell year-on-year with house values down just -0.7% and unit values down 2.1% over the year to March 2019.
<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/2019/6/5/cairns%201.jpg" alt="">
<a href="https://www.propertyobserver.com.au/images/2019/6/5/cairns%202.jpg" target="_blank">Click here </a>to enlarge:
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/5/cairns%202.jpg" alt="">
Source: CoreLogic
Over the same period, renting became more expensive with advertised rental rates across the Cairns region increasing by $15/week for both houses and units.
<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/2019/6/5/cairns%203.jpg" alt="">
<a href="https://www.propertyobserver.com.au/images/2019/6/5/cairns%204.jpg" target="_blank">Click here</a> to enlarge: 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/5/cairns%204.jpg" alt="">
Source: CoreLogic
It is the biggest increase across all five regions in Queensland. 
The average time it took to secure a sale on a Cairns house increased by five days over the year to February, while the average Cairns unit was selling five days faster.
Vendor discounting levels increased over the year for both houses and units in order to secure a sale.<a href="https://www.propertyobserver.com.au/images/2019/6/5/cairns%205.jpg" target="_blank"></a>
<a href="https://www.propertyobserver.com.au/images/2019/6/5/cairns%205.jpg" target="_blank">Click here</a> to enlarge: 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/5/cairns%205.jpg" alt="">
Source: CoreLogic
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Cairns sees Queensland's biggest regional rent increases: CoreLogic

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Across the Wide Bay region, overall sales are 2% lower year-on-year with 97 fewer sales transacting when compared to February 2018, according to the latest CoreLogic Regional Report.
CoreLogic suggests that Wide Bay was the only Queensland region where both house and unit values increased over the 12 months to March 2019.
<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/2019/6/5/wide%20bay%201.jpg" alt="">
<a href="https://www.propertyobserver.com.au/%20https:/www.propertyobserver.com.au/images/2019/6/5/wide%20bay%202.jpg" target="_blank">Click here</a> to enlarge:
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/5/wide%20bay%202.jpg" alt="">
Source: CoreLogic
Its house values increased by 0.7% over the 12 months to March 2019, while unit values are up 3.8% over the same period.
<img src="https://www.urban.com.au/images/2019/6/5/wide%20bay%203.png" alt="">
<a href="https://www.propertyobserver.com.au/images/2019/6/5/wide%20bay%204.jpg" target="_blank">Click here</a> to enlarge: 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/5/wide%20bay%204.jpg" alt="">
Source: CoreLogic
The average time it takes to secure a sale for homes across the region has improved year-on-year, with the average house selling five days faster, and the average unit selling two days faster over the 12 months to February 2019.
The average vendor discounting levels are similar year-on-year for houses, while for units, the average discount offered to secure a sale has reduced from -7.7% to -6.3% when compared to February 2018.
<a href="https://www.propertyobserver.com.au/images/2019/6/5/wide%20bay%205.jpg" target="_blank">Click here</a> to enlarge: 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/5/wide%20bay%205.jpg" alt="">
Source: CoreLogic
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House and unit values rise in Wide Bay: CoreLogic

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Prioritising unique experiences over the standard amenities, <a href="/new-apartments/66-lygon-street-carlton">Zagame’s House</a> redefines what a boutique hotel looks like. With exciting cultural events, local art installations, an in-house wine sommelier and iridescent selfie lighting in each suite, the new 97-room boutique hotel masterfully breaks the cookie-cutter approach to regular amenity offerings and creates a truly Melbourne experience.

<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/img_0126_2.jpg" rel="gallery-all" title="On-site wine bar Lord Lygon"><img alt="On-site wine bar Lord Lygon" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/img_0126_2.jpg?itok=3K059x5D" style="width: 580px; height: 773px;" title="On-site wine bar Lord Lygon"></a>

<figcaption>On-site wine bar Lord Lygon</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_0127.jpg" rel="gallery-all" title="Zagame's House lobby"><img alt="Zagame's House lobby" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/img_0127.jpg?itok=yVcNtFuZ" style="width: 580px; height: 773px;" title="Zagame's House lobby"></a>

<figcaption>Zagame's House lobby</figcaption></figure>Zagame’s House is the newly renovated development which occupies a prominent Lygon Street site. The property has been owned by the Zagame family for 16 years and is set within the lively cultural hub of <a href="/new-apartments/carlton-vic-3053">Carlton</a>.

<a href="/">Apartments.com.au</a> was recently invited to take a tour of Zagame’s House within a few days of the hotel opening, and we were impressed by the way the team have created an entirely new experience within the hospitality sector.

<hr>
SUSTAINABILITY 

With sustainability taking a central focus in the fit-out of Zagame’s House, it was great to discover the effort taken by the company to adopt sustainable practices in all areas of operation - from cleaning systems right through to food preparation.

Zagame’s House uses Nanotechnology coatings on all bathroom surfaces within the hotel, to provide an antibacterial layer of protection, which reduces the need for cleaning chemical use. In addition to this cutting-edge technology, Zagame’s House has also adopted an eWater sterilisation system which works by combining water, salt and an electrical charge to split positive and negative ions into two highly effective methods of cleaning: alkaline for all-purpose cleaning and acidic for sanitising. Other sustainability systems in place include low flow faucets in bathrooms, recycling and waste reduction programmes and low food waste strategy through the use of fresh seasonal produce. The hotel management also welcomes guest feedback with regard to new environmentally friendly initiatives to help reach the company's sustainability goals.

<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/zagame_house_cr221_01.jpg" rel="gallery-all" title="One of the bathrooms which features a Nanotechnology coating"><img alt="One of the bathrooms which features a Nanotechnology coating" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/zagame_house_cr221_01.jpg?itok=P5kYJ3YE" style="width: 580px; height: 387px;" title="One of the bathrooms which features a Nanotechnology coating"></a>

<figcaption>One of the bathrooms which features a Nanotechnology coating</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/zagame_house_neon234_11.jpg" rel="gallery-all"><img alt="One of the bathrooms which features a Nanotechnology coating" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/zagame_house_neon234_11.jpg?itok=p0_8dRuE" style="width: 580px; height: 387px;"></a></figure><hr>
ART

Another feature the hotel embraces is art and culture. Commissioned work featured around the hotel includes works by the likes of Ryan Foote, Rosie Wood, Lulu Zagame and Karl Gordon. Majority of the designer furnishing were sourced by the Zagame brothers, and a range of books and trinkets fill shelves throughout the hotel, providing elements of curiosity and encouraging guest to feel at home.

<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/img_0123.jpg" rel="gallery-all" title="Work by Rosie Wood"><img alt="Work by Rosie Wood" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/img_0123.jpg?itok=r9uW82DS" style="width: 580px; height: 773px;" title="Work by Rosie Wood"></a>

<figcaption>Work by Rosie Wood</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_0124.jpg" rel="gallery-all" title="Work by Lulu Zagame"><img alt="Work by Lulu Zagame" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/img_0124.jpg?itok=ybXXQMxz" style="width: 580px; height: 773px;" title="Work by Lulu Zagame"></a>

<figcaption>Work by Lulu Zagame</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_0125.jpg" rel="gallery-all" title="Work by Karl Gordon"><img alt="Work by Karl Gordon" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/img_0125.jpg?itok=DzuTFycs" style="width: 580px; height: 773px;" title="Work by Karl Gordon"></a>

<figcaption>Work by Karl Gordon</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-06-07_at_11.52.32_am.png" rel="gallery-all" title="Work by Ryan Foote"><img alt="Work by Ryan Foote" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-06-07_at_11.52.32_am.png?itok=gQlByV6h" style="width: 580px; height: 582px;" title="Work by Ryan Foote"></a>

<figcaption>Work by Ryan Foote</figcaption></figure><hr>
AMENITY

Rather than following the customary approach to hotel amenity choices, Zagame’s House priorities experiences over equipment. Lord Lygon is the luxury in-house wine bar which houses a comprehensive wine catalogue as well as a resident wine sommelier. Guests and locals will be invited to share evenings sampling the finest vino, enjoy local cuisine prepared by world-class chefs, and host meetings in style.

<blockquote>
"My favourite part about the Lord Lygon wine bar is the relaxed atmosphere, all day dining, cosy feeling and a really ergonomically designed bar and dining area."
</blockquote>

- Marcus Radny, Manager and Sommelier (ex-Royal Mail Hotel)

The hotel’s lobby could easily be mistaken for a luxury lounge, with roaring fires, plush lounge suites and an elegant bar serving top quality coffee and desserts. Guests will also be invited to attend a range of events from art exhibitions to masterclasses, as well as the opportunity to host business conferences or even weddings. Each room also contains a glowing selfie/makeup mirror, Marshall Bluetooth sound system, a cocktail making kit, Cowshed beauty products and plenty more to be discovered.

<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/img_0119_2.jpg" rel="gallery-all"><img alt="Marshall bluetooth speakers in each room" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/img_0119_2.jpg?itok=KUNILZeE" style="width: 580px; height: 773px;"></a>

<figcaption>Marshall Bluetooth speakers in each room</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_0121_2.jpg" rel="gallery-all" title="Glowing mirrors"><img alt="Glowing mirrors" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/img_0121_2.jpg?itok=rhqpclJc" style="width: 580px; height: 773px;" title="Glowing mirrors"></a>

<figcaption>Glowing mirrors</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_0122_2.jpg" rel="gallery-all" title="In-room cocktail bars"><img alt="In-room cocktail bars" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/img_0122_2.jpg?itok=j5gh6JZt" style="width: 580px; height: 435px;" title="In-room cocktail bars"></a>

<figcaption>In-room cocktail bars</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_0120.jpg" rel="gallery-all" title="Cowshed products"><img alt="Cowshed products" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/img_0120.jpg?itok=lUzuKURH" style="width: 580px; height: 773px;" title="Cowshed products"></a>

<figcaption>Cowshed products</figcaption></figure>Lead image credit: Zagame's House
</body></html>

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