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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Property executive Banjo Bond, grandson of Alan and Eileen Bond, is selling the Double Bay apartment he shares with his television producer wife, Kate.
The house-sized apartment sits in the Art Deco building Stradbroke, on the Gladswood Gardens cul-de-sac.
It has three bedrooms, two bathrooms and views across the harbour.
Laing + Simmons agent Sally Hampshire has scheduled a May 27 auction with buyers told at yesterday’s open for inspection that around $3 million was being sought.
The Woollahra-bound Bonds, who wed in Peppermint Grove, Perth, in 2017, paid $2.05 million in 2014.
The Bond family links to Gladswood Gardens go back to the 1980s when they envisaged overseeing a $30 million restoration of the historic trophy home, Gladswood House.
Banjo, who worked at TOGA for seven years on major residential projects, is a director of Prime West Development, a private company co-directed by his father, John.
This article was first published in the Sunday Telegraph. 
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Property executive Banjo Bond lists Double Bay apartment

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An architecturally designed six-bedroom home in Warrandyte, Victoria has hit the market. 
It has been offered by Adele Kocuk and Sam Kocuk from Barry Plant Doncaster East. 
Set on a 0.41 hectare block, the interior of the four-level home at <a href="https://www.realestate.com.au/property-house-vic-warrandyte-131147222" target="_blank">9 Bellbird Place </a>was designed by Shayanna Blaze.
The private fourth level comes with master bedroom, dressing room, hotel-style ensuite and sweeping views.
The four-bedroom children's wing features rumpus, study station and two chic bathrooms with rose gold-dipped tapware.
<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/2019/5/9/warrandyte%203.jpg" alt="">
The private guest quarters comprises living area, robed bedroom and deluxe bathroom.
The home has full 'Smart House' capabilities with features including C-Bus automation, Sonos sound system, CCTV, handmade Italian lighting, four-stop lift, hydronic floor heating, automated blinds, fully-automated saltwater swimming pool. 
The 2018 FIAA Kitchen of the Year features high-end Miele integrated appliances (including a Mastercool fridge), Miele Concierge Service, island bench, electronic drawers, full Butler's pantry.
<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/2019/5/9/warrandyte%202.jpg" alt="">
Other highlights include theatre room, home office, gym room, multiple outdoor entertaining areas, gas-mains outdoor kitchen, cellar and huge eight-car garage.
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j.ballantyne1990-6AQqhLzZaK

Six bedroom Bellbird Place, Warrandyte trophy home listed

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The designer hobby farm Kettlesville, in Congewai, south of Millfield, has sold after having had its price revised.
The 39 hectare property, complete with four pasture improved paddocks for horses or livestock, initially came with $2.4 million hopes early last year.
Now Sydney Sotheby's International agents Stuart Davies and Heath Bird are asking $1.95 million for the property that last traded for $280,000 in 2001.
The property has two homes on Listers Lane, Congewai.
The main residence holds the master bedroom, which is accompanied by a walk in wardrobe, bathroom, home office, wine cellar and an open plan kitchen, living and dining space.
The purpose-built second dwelling, which is a guest house, has a further four bedrooms, each with their own ensuite.
Dividing the homes is a saltwater pool.
The grounds have an outdoor fire pit.
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Kettlesville at Congewai sold after one year on market

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Reigning world target crossbow champion Stuart Atkins and his wife Frances are selling their Hume property ahead of a relocation to the UK for their sport.
Those who have made the trip along the Hume Highway, past Yass and Bowning, may be familiar with the hill that sits atop the Hume Highway.
The site is on the market with real estate agents George Southwell and Dominic Johns, of Ray White Rural Canberra and Yass.
“It’s not too often that you get the opportunity to purchase such a landmark, that thousands of people drive past every day,” Southwell said.
“The views are amazing over the Yass Valley to the Brindabellas and beyond, overlooking the centre of our democracy.
“Few people know that a paddock on the property was once a World War 1 rifle range.
“The property has many interesting landforms, it is one of the only opportunities I have heard of to own a dormant volcano.”
<a id="LPlnk379381" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZGSC5S/8OTYRL1I4RIyIuBgjh2KzJffc1Q&amp;rh=ff004b5478c644f4ab818579b2418862fc9da841" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Bowning Hill</a> (pictured above) is 150 acres and the adjoining vacant block, <a id="LPlnk636818" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39QzG/Nyy8oj1JiKzK4T2JutIYGrUDz5CMLJvErwc0mbzq3lQxcEvdL5H1aezRyDZrsfYN4yg+AYwRfAH5E0IU+rWMh+ZAgTHTfl3x0STFT5sf8/7Shfsibg2oPaknQVQq8=&amp;rh=ff004b5478c644f4ab818579b2418862fc9da841" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Northside</a> (pictured below) is 51 acres, with subdivision consent, subject to final registration. 
<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/2019/5/9/northside%20.jpg" alt="">
The two lots will be sold to facilitate a relocation overseas for the vendors.
Atkins is returning to Germany this month to defend his world title.
“When we first bought the property in 1997, it was just one big block and we’ve created it into a small farm by making five paddocks,” he said.
“We improved the place with removal of weeds and made it quite accessible for the stock.
“It also has an abundant wildlife population too.
“We have sugar gliders, wombats, lizards, birdlife, kangaroos, rock wallabies and wedge tail eagles living on the hill, with echidnas in the garden digging their nests.”
Ray White marketing agent George Southwell said the likely buyer may be an introductory level farmer or a professional seeking a tree-change weekender.
“The Atkins’ have turned a vacant block into a true small farm and Frances has been leading the charge with fine wool production,” he said.
“Her most recent yield was 16.2 micron, which is an awesome achievement with their smaller line of sheep which are easily managed.
“The property includes a single stand shearing shed with covered room for roughly 100 head, however many uses could be adapted by new owners from an outdoor sports destination, suitable family property or even a great property to retire to.”
The Northside site is a blank canvas of bushland country set off the Hume Highway allowing for ease of access to Canberra in just under an hour and Yass in under ten minutes.
Bowning Hill includes a four bedroom and two bathroom home with dual occupancy potential. 
The owners have hosted the annual “Walk the Bowning Hill” charity fundraiser at their property for the past six years.
“The walk has raised $20,000 over six years,” Mrs Atkins said. 
“Locals love walking the hill, which has 360-degree views and on a clear day you can see the Black Mountain Tower in Canberra.
“The home is a four-bedroom PAAL kit home; with the highest point of the house being three metres off the ground.
“We’ve held some great parties on the big covered three-side deck and in the shearing shed.
“The gardens are all set up: mostly natives and some fruit trees.
“We have a beautiful aspect, with stunning views looking down the Murrumbidgee valley and the Brindabellas, but very secluded and serene.
“For winter there’s a beaut wood heater, and during the summer we use the evaporative cooler.”
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World champ sells dormant volcano rural retreat 

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EXPERT OBSERVER
The latest ABS figures estimate that the total number of dwelling units that commenced construction fell 9.5% in the December quarter. The current decline in Victoria’s residential property development is pushing many developers to look at diversifying.
Restrictions on foreign investment, changes in statutory fees and investment incentives, lending becoming tighter and policy uncertainty with the looming federal election have all contributed to a decline in the Victorian residential property market. As a result, developers are struggling to pre-sell a sufficient number of properties to fund residential development projects in the current environment. 
However, with Australia’s rapidly growing population, the need for new housing will persist and lead to a bounce back in the market in time.
Until then, more and more developers are looking at repurposing their existing residential development sites and transitioning them into commercial sites. Some are looking to capitalise on growing sectors of the market by turning to opportunities in the aged care and retirement living and the up and coming ‘build-to-rent’ sector. Build-to-rent developments are purposely built for rental, rather than sale. This benefits people who want or need to rent for longer periods of time. 
Residential developers frequently discuss rezoning and repurposing sites to a commercial development.
Commercial properties are vastly different from residential property developments in terms of size, function, characteristics and most importantly financial risk. 
While residential developments involve selling off the asset once complete, commercial developments usually involve retaining and maintaining the asset, which is a much longer-term financial model.
The biggest challenge for residential developers who adopt any of these alternatives is understanding market expectations and changing their feasibility from a short-term to a longer-term return with a different model and risk profile.
However, with the right team of consultants leading the transition of a development, traditionally residential developers are presented with the potential to thrive under the current housing climate in Victoria.
Opportunities in the growing aged care and retirement living market
The aged care sector is expected to boom over the next few years as our population ages and continues to live longer. 
Aged care and retirement expectations and offerings have completely changed over the last few years in Melbourne due to our society becoming accustomed to an amenities-rich way of living.
New aged care and retirement living sites are no longer sprawling developments on the suburban fringes. They are now situated in inner city areas and have become high-rise modern developments with the same premium finishes as a luxury apartment development.
Traditional residential property developers are seeing the growing ageing and downsizer population as an opportunity to take advantage of in the current market. In particular, an originally proposed high-density residential apartment site can now present an ideal transition for a modern inner city vertical aged care and retirement living development.
Earlier this year, Lendlease submitted an updated proposal for the redevelopment of the historic Channel Nine studio site in Richmond to include aged care and retirement living precincts.
One caveat is that aged care and retirement living sites have a different set of regulations and requirements which developers will need to consider in terms of feasibility and buildability.
Making moves in the new build-to-rent sector
Some developers are also considering repurposing their residential sites into a ‘build-to-rent-model’. 
While this model is still largely untested in the Australian market, there’s a growing demand for this alternative development scheme, particularly as the issue of housing affordability continues across Melbourne. 
In terms of transitioning residential development sites into a build-to-rent model, the design and construction remains largely the same, but the financial model is completely different. 
Developers will be keenly observing how ‘build-to-rent’ sites, such as UBS Asset Management, Grocon and JLL’s Gold Coast ‘built-to-rent’ site which opened early this year, will perform to see if they should transition their developments over to this model.
The reality is, the Victorian residential property development market as we know it is changing. For developers to stay afloat, they may need to explore different types of developments and repurpose their existing residential development sites. 
James Ford is the National Director at WT Partnership
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Residential developers are repurposing sites to capitalise on growing market sectors 

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EXPERT OBSERVER
 
The pushback against federal Labor’s reforms to negative gearing is ramping up again with the release of <a href="https://www.theaustralian.com.au/business/property/nsw-warning-on-house-price-stamp-duty-falls-if-labor-pushes-through-negative-gearing-policy/news-story/77e9201eee91aeac831812d647536e5f?nk=acc048a87489709af32fab40a1e4fa75-1557268010" target="_blank">NSW Treasury modelling</a>.
The modelling predicts that Labor’s changes to negative gearing and the capital gains tax discount would cause a 0.8% to 1.3% decline in stamp duty revenues in the three years to 2022-23, or A$200 million over three years, assuming Labor’s policies take effect from January 1, 2020.
But behind the headline is the punchline: NSW Treasury is predicting house prices would barely move. Housing turnover would also fall, but only by between 0.3% and 1%. Since stamp duty revenues depend on (a) property sales; and (b) the prices at which they’re transacted, these figures mean that house prices fall marginally at most. They’d be just 0.5% lower than otherwise by the end of 2019, and around 1% lower over the three years.
<h2>Consistent with Grattan modelling</h2>
These declines in prices is pretty consistent with Grattan Institute’s own <a href="https://grattaedu.au/report/hot-property/" target="_blank">research</a>, which estimated that abolishing negative gearing would lead to house price falls in the range of 1% to 2%, assuming the value of the A$6.6 trillion property market falls by the entire value of the future stream of tax benefits.
Keep in mind that house prices in Sydney and Melbourne have already <a href="https://www.news.com.au/finance/economy/australian-economy/house-prices-notch-worst-annual-fall-since-gfc/news-story/b654a045a63553d6c97738943195e209" target="_blank">fallen</a> by more than 10%, punching a much larger hole in stamp duty revenues than that modelled by NSW Treasury as a result of reforms to negative gearing and the capital gains tax discount.
Arguably, the impacts of reforms to the CGT and negative gearing on the housing market would be even smaller today, because many investors are sitting on the sidelines after the recent house price falls and changes to macro-prudential rules.
<h2>It would raise money…</h2>
Labor’s reforms to negative gearing and the capital gains tax discount would substantially boost the budget bottom line. The independent Parliamentary Budget Office estimates Labor’s policies would raise about A$32.1 billion over ten years.
Winding back these tax concessions would enable the government to reduce other taxes, provide more services, improve the budget bottom line, or provide additional grants to the states (such as for hospitals) much greater than the A$200 million over three years that the NSW Treasury might lose.
The negative gearing change could increase rents, but only if it reduced the supply of new housing. With <a href="https://grattan.edu.au/wp-content/uploads/2018/07/ACE-2018-Supply-sceptics-beware-11-July-2018-media-version.pdf" target="_blank">tight constraints</a> on the supply of land suitable for urban housing, most of the impact would be felt via lower land prices. And any effects would be small: most investment lending is for existing housing, and Labor’s policy leaves in place negative gearing tax write-offs for new homes.
<h2>…and stabilise the economy</h2>
The policy would also <a href="https://www.smh.com.au/politics/federal/negative-gearing-changes-will-affect-us-all-mostly-for-the-better-20190208-p50wjn">promote financial stability</a> by encouraging investors to chase rental yields rather than capital gains. The Reserve Bank, the Productivity Commission and the Murray financial system inquiry all raised concerns about the effects of the current tax arrangements on financial stability.
The policy would also promote an increase in home ownership. Fewer investors bidding at auctions would mean more homebuyers moving in.
Such small falls in house prices, as the NSW Treasury predicts, seems a modest price to pay for these benefits. Most Australians would probably take such a deal.
<a href="https://theconversation.com/profiles/brendan-coates-154644" target="_blank">Brendan Coates</a>, Fellow, <a href="http://theconversation.com/institutions/grattan-institute-1168" target="_blank">Grattan Institute</a>
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/confirmation-from-nsw-treasury-labors-negative-gearing-policy-would-barely-move-house-prices-116736" target="_blank">original article</a>.
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Confirmation from NSW Treasury. Labor's negative gearing policy would barely move house prices

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<div id="x_story-description">
The NSW government is predicting a small reduction in house prices ahead of any implementation of the ALP's negative gearing policy, should Bill Shorten win office this month.
It also expects a decrease in stamp duty revenue of $194 million over three years to NSW Treasury if the ALP is elected and successfully implements its controversial policy ending negative gearing.
</div>
NSW Treasury modelling claims that transfer duty would decrease by 0.8 to 1.3 per cent in the three years to 2022-23 if Mr Shorten’s policy to stop negative gearing and increase capital gains tax for the purchase of existing properties, goes ahead from January 1, 2020, The Australian reported.
The modelling shows Labor’s policy could reduce revenue by about $46 million in 2020-21, $63 million in 2021-22 and $85 million in 2022-23.
Treasury argues, because of a belief the property market will fall in value, the imminent introduction of the policy could lead to house prices falling by 0.5 per cent by the end of 2019 (relative to current expectations).
Treasury also expects further reductions in stamp duty of between 0.3 to 1 per cent due to a decline in transaction volumes ahead of the possible January 1, 2020 implementation.
The treasury analysis says there could also be flow-on effects to the economy with lower dwelling investment and household consumption having a negative impact on State Final Demand of around 0.25 per cent after four years.
The Liberal NSW Treasurer Dominic Perrottet said Labor’s promised changes to negative gearing and capital gains tax will disrupt the market.
"It will create further uncertainty for homeowners, homebuyers and investors at a time when they can least afford it.
“It will also rip up to $200 million from the State’s bottom line in the next three years and likely push home prices down beyond what existing market conditions would dictate.
“This was a policy proposed by Labor at the height of the property boom — but the circumstances have now changed and so the policy position needs to change too.
“With its toxic cocktail of higher taxes, increased regulation and militant union demands, a Shorten Labor government will be a handbrake on the NSW economy.”
In last night's debate Scott Morrison and Bill Shorten discussed the issue after the PM put a question to the Opposition leader.
He asked the Labor leader for a guarantee proposed limits on negative gearing wouldn't push rents up or house prices down.
Mr Shorten replied that the Grattan Institute and NSW Treasury had said the negative gearing policy "would not have an impact on house prices."
"This is a scam campaign looking for some credibility," he said, noting some limited impact on revenue from activity was anticipated by NSW Treasury.
"So there's no guarantee?" Mr Morrison pushed.
"You heard the answer," Mr Shorten replied.
The initial report by The Australian did not give any figure for the negative price impact after its implementation. 
 
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jchancellor-FAypfDUnLy

NSW Treasury calculates anticipatory price decline ahead of ALP negative gearing policy implementation

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The Labor Party’s plan to restrict negative gearing on newly built properties could lure in spruikers into the market, according to Property Investment Professionals of Australia (PIPA).
“When you financially incentivize people to buy a particular product, spruikers are not far behind because they see an opportunity to make a lot of cash very quickly,” said PIPA Chairman Peter Koulizos.
<div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
The spruikers would endanger the financial lives of thousands of Australians, he said.
</div>
</div>
</div>
Koulizos noted there is currently no legislation to protect consumers from dodgy operators pretending to be property investment experts.
Koulizos said that "financially bribing" investors to purchase new property will create the ideal conditions for spruikers to flood the market.
“It will be like the pink batts fiasco all over again, which was another terrible Labor policy,” he said.
“This time, it is an ill-conceived negative gearing proposal that is being rolled out too quickly and is likely to have financially catastrophic consequences for investors.
"We’re talking about people investing hundreds of thousands of dollars into properties that are likely to be over-priced and inferior in every way possible.”
Koulizos called for the urgent regulation of property investment advice is needed.
“If Labor’s absurd policy comes in, expect more investors to lose their life savings to corrupt charlatans who have no fear of the consequences because of the lack of regulation in the property investment advice space,” he said.
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PIPA says OTP spruikers will be poised after Labor win

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University of Sydney Business School associate professor Jamie Alcock said it was unfortunate Purplebricks had folded in Australia.
“I don’t think it was bound to fail, it was a market ripe for disruption,” Mr Alcock told Domain.
 “The [real estate agent] commissions in Australia are very high by international standards.
“There is a lot of money to be made. 
"It’s not a hugely complex task to sell residential property; a lot of it could theoretically be disrupted through some technological revolution or a new business model.
“When you see large fees and there are no huge technical skills or qualifications required, it’s disruptable.”
The DIY selling platform, forsalebyowner.com.au has offered to hire all 105 Purplebricks agents and migrate their 1400 listings to its online platform for free, after the British-based firm announced its intention to exit Australia this week.
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Australian real estate maket ripe for disruption: Sydney University professor

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As one of Australia’s largest architecture and urban design practices, it was only a matter of time before ClarkeHopkinsClarke outgrew their Melbourne studio. After 60 years in the city, the firm have now opened another branch in Sydney’s Surry Hills, which will provide the company with greater facility to undertake a range of projects, as they embark on an Australia-wide venture to create healthier, better connected and more liveable cities.

The Sydney based team, lead by Jordan Curran, already have a number of projects underway including:

<ul>
<li>Multi-use village centres in western Sydney, Wollongong and Byron Bay</li>
	<li>Retail developments in inner Sydney and the central coast</li>
	<li>Masterplanning of integrated retail, residential and aged care community with heritage buildings in Campbelltown</li>
	<li>Major Education and Innovation Hub proposed in southern Sydney</li>
</ul>
Jordan Curran is a ClarkeHopkinsClarke Partner with 10 years experience in master planning and delivering complex mixed-use precincts, shopping centres, town centres and new smart cities across Australia.

<h2>COMMENT FROM JORDAN CURRAN</h2>

“This is a big moment for us. We’ve worked nationally and internationally for years but resisted opening a Sydney office until the time felt right. We’ve got a strong team of locals to drive it and established our own distinctive approach to designing and activating really diverse, mixed-use communities – not just in inner cities but in outer suburbs and regions. Some practices see those areas as less glamorous than urban in-fill but we’re genuinely passionate about creating healthier, better connected, less car-dependent, more sustainable communities everywhere we can.”

“The impact of Creating Vibrant Communities, the book by our Urban Design Partner Dean Landy, has been a bit of an eye-opener. He’s got speaking engagements all over Australia flowing from that. And as a result, we’re involved in some really ambitious, high-impact projects like Minta, an employment hub in Berwick creating 11,000 jobs, and CLARA, Australia’s most ambitious new cities project. Eight sustainable, compact smart cities across Victoria and NSW connected to capitals by high-speed rail. Developers and communities are really embracing the kind of walkable urbanism we specialise in because they can see the challenges of climate change, population growth and social isolation and they want a fresh response. Developers recognise the social and commercial benefits of creating places that attract a broader mix of people and encourage them to linger. This has an obvious benefit to retail spending and property values.”

“So we feel like we’re in a position to offer NSW clients something new. There’s also our QMS ISO:9001 certification, which allows us to take on major health and education projects, and our cross-sector expertise. That’s built our design capabilities and kept us buoyant as a business even when residential housing takes a hit. It’s led to very solid growth, in projects and staff, over the past three years.”

<h2>RECENT PROJECTS BY CLARKEHOPKINSCLARKE</h2>

<a href="/new-apartments/frederick-st-19-21-frederick-street-doncaster">19-21 FREDERICK STREET, DONCASTER</a>

Status: Registration and Sales

<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/3d-image-001.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="416" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/3d-image-001.jpg?itok=JMLTJJbu" width="580"></a>

<figcaption>19-21 Frederick Street</figcaption></figure><a href="/developments/north-melbourne-vic-3051">86-108 LAURENS STREET, NORTH MELBOURNE</a>

Status: Planning Assessment

<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/86-108_laurens_street_north_melbourne.jpg" rel="gallery-all" title="86-108 Laurens Street"><img alt="" class="image-article-full-width-580px" height="383" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/86-108_laurens_street_north_melbourne.jpg?itok=ZFAbLD5E" title="86-108 Laurens Street" width="580"></a>

<figcaption>86-108 Laurens Street</figcaption></figure><a href="/buildings/twenty-park-20-park-street-moonee-ponds">TWENTY PARK - 20 PARK STREET, MOONEE PONDS</a>

Status: Completed

<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/twenty_park_-_20_park_street_moonee_ponds.jpg" rel="gallery-all" title="Twenty Park"><img alt="" class="image-article-full-width-580px" height="290" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/twenty_park_-_20_park_street_moonee_ponds.jpg?itok=6HhCZwgj" title="Twenty Park" width="580"></a>

<figcaption>Twenty Park</figcaption></figure><a href="/buildings/the-wellington-apartments-19-wellington-road-box-hill">THE WELLINGTON APARTMENTS - 19 WELLINGTON ROAD, BOX HILL</a>

Status: Completed

<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/the_wellington_apartments_-_19_wellington_road_box_hill.jpg" rel="gallery-all" title="The Wellington Apartments"><img alt="" class="image-article-full-width-580px" height="410" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/the_wellington_apartments_-_19_wellington_road_box_hill.jpg?itok=4F0nC8cf" title="The Wellington Apartments" width="580"></a>

<figcaption>The Wellington Apartments</figcaption></figure><a href="/buildings/esse-apartments-316-pascoe-vale-road-essendon">ESSE APARTMENTS - 316 PASCOE VALE ROAD, ESSENDON</a>

Status: Completed

<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/esse_apartments_-_316_pascoe_vale_road_essendon.jpg" rel="gallery-all" title="Esse Apartments"><img alt="" class="image-article-full-width-580px" height="314" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/esse_apartments_-_316_pascoe_vale_road_essendon.jpg?itok=MYDz-hxd" title="Esse Apartments" width="580"></a>

<figcaption>Esse Apartments</figcaption></figure><a href="/new-apartments/brunswick-vic-3056">8 BREESE STREET, BRUNSWICK</a>

Status: Completed

<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/8_breese_street_brunswick.jpg" rel="gallery-all" title="8 Breese Street"><img alt="" class="image-article-full-width-580px" height="315" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/8_breese_street_brunswick.jpg?itok=UPlu76FF" title="8 Breese Street" width="580"></a>

<figcaption>8 Breese Street</figcaption></figure>Lead image: Jordan Curran with Jake Le Lievre, an architect in ClarkeHopkinsClarke retail/mixed use team
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