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?

Olivia Round

Love holidays? Here's the next best thing: 16 of Australia's best apartment pools

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Sydney’s Darlinghurst has always been a little bit bohemian.
And two Crown Street offerings certainly have colourful vendor histories.
Madison Ashton, the famed Sydney escort and former mistress of late cardboard king Richard Pratt, has listed her chic home (pictured above) with $1.1 million hopes.
Nearby there’s the far more traditional, untouched, long-time terrace (pictured below) of the late costume designer and early mardi gras activist Ron Muncaster.
Known as the Master of Sequins, Muncaster paid $110,000 for the 1860s-built home in 1985, a year after he won the parade’s inaugural costume prize.
<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/2019/4/15/darlinghurst%202.jpg" alt="">
There’s raw brick and sandstone walls, fireplaces, high ceilings and exposed original beams.
Now, 18 months after his death, Matt Marano of Oxford Agency has a price guide of $2.5 million for its May 11 auction.
“It is a prized inner city setting footsteps to a world of arts, fashion and entertainment,” Marano said.
There are scantily-clad images that line the walls at both homes.
Ashton’s two-bedroom apartment features plush interiors with mirrored walls and chandeliers amid Pilou Asbaek decor finishes.
Its redesign came after her company paid $735,000 in 2012 in a purchase from actor siblings Joel and Nash Edgerton.
Ashton, who hails from Victoria, is planning to move to the CBD.
This article was first published in the Saturday Daily Telegraph. 
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firstname1-iYD4UYzvBa

Two of Darlinghurst's most colourful characters' Crown Street properties listed

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Happy Valley has topped a survey of Adelaide's liveability and affordability.
The lower median house prices of Adelaide’s north-east has helped boost the first home buyer appeal of suburbs including Modbury North, St Agnes and surrounding areas, while to the south, proximity to the city and low crime rates have helped drive Glenalta and nearby Hawthorndene to the top of the list, People’s Choice Credit Union Chief Executive Officer Steve Laidlaw said.
“It’s one thing to be able to afford to live somewhere – you also have to want to live there,” Laidlaw said.
“For the first time, People’s Choice has looked at Adelaide’s suburbs to determine whether a couple on average incomes are likely to be able to get finance for a median-priced home, and then assessed those suburbs for their affordability and their liveability.
“Liveability can mean different things to different people, so we’ve looked at abroad range of factors that go behind the costs of buying a home: public transport links, driveability, crime rates, schools and economic prospects.
“The first results show the real estate market in a different way. Of course, we can’t find your perfect home – that’s up to you – but People’s Choice can give youa better idea of where you may find it.”
<a href="https://www.propertyobserver.com.au/images/2019/4/16/peoples%20choice%201%20.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/2019/4/16/peoples%20choice%201%20.jpg" alt="">
Source: People's Choice of Housing 
While the suburb of Adelaide captures the highest rank for public transport links, its high median house price puts its beyond the scope of many couples on ordinary incomes, pushing it out below the top 100 suburbs identified by the People’s Choice of Housing.
Other suburbs such as Golden Grove have reached into the top 50 for the first time due to extensive bus connections to the city and recent changes in median home prices.
The April issue of the People’s Choice of Housing is available for <a href="https://peopleschoicecu.com.au/housing-report" target="_blank">download here</a>. 
The next edition will be released in October 2019.
<a href="https://www.propertyobserver.com.au/images/2019/4/16/peoples%20choice%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/2019/4/16/peoples%20choice%202.jpg" alt="">
Source: People's Choice of Housing  
Photo: Windebanks Rd, Happy Valley and Aberfoyle Park, South Australia <a href="https://www.propertyobserver.com.au/https://creativecommons.org/licenses/by-sa/4.0" target="_blank">CC BY-SA 4.0</a>
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j.ballantyne1990-6AQqhLzZaK

Happy Valley tops Adelaide housing for liveability and affordability

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Consumers continue to mark down their expectations for house prices albeit with a choppy profile in recent months, according to Westpac's latest Red Book.
A very weak March was followed by a surprising strong lift in April.
Overall, the Westpac Melbourne Institute Consumer House Price Expectations Index is down a further 0.3% since January.
Westpac economists suggest that likely understates the weakening with the first few months of the year typically seeing a seasonal rise in price expectations. 
At 95.6 the Index remains around the lowest levels since we began compiling it in 2009.
Earlier figures from a survey by Mortgage Choice suggest current reads are above GFC lows.
<img src="https://www.urban.com.au/images/2019/4/18/Redbook%20House%20Prices%201.JPG" alt="">
 
Of those consumers with a view, 32% now expect prices to rise over the next year, 32% expect no change and 36% expect falls.
The state breakdown continues to show a more bearish mix in NSW (30%:29%:41%) and Victoria (26%:29%:45%).
Notably, the price weakening in Perth does not appear to have weighed as heavily on price expectations.
The biggest downgrade in expectations over the last three months has been among Queenslanders.
Prices have continued to weaken in early 2019 albeit with some hints of milder declines in the last three months, although some of this may reflect seasonality with prices typically a touch firmer early in the year.
<img src="https://www.urban.com.au/images/2019/4/18/Redbook%20House%20Prices%202.JPG" alt="">
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Most consumers expect house price falls to continue: Westpac

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Following an ASIC investigation, Max Eung, of Tempe, New South Wales has been charged with two offences of obtaining financial advantage by deception.
ASIC alleges that between March 2016 and December 2016, Mr Eung dishonestly obtained a financial advantage of funds totalling $166,500 from accounts held with MLC Limited and Nulis Nominees (Australia) Limited in circumstances where the account holders did not authorise the withdrawal of those funds from their accounts.
Mr Eung was an authorised representative and financial adviser of NAB from May 2015 to December 2016.
He was permanently banned by ASIC from providing financial services and engaging in credit activities in June 2018.
The offences each carry a maximum penalty of 10 years imprisonment.
The matter is being prosecuted by the Commonwealth Director of Public Prosecutions.
The matter has been adjourned by consent for further mention on 7 May 2019 at the Downing Centre Local Court in Sydney.
<a href="/news/asic-permanently-bans-former-nab-financial-adviser">Last June ASIC permanently banned Max Kiattisak Eung</a> (also known as Kiattisak Eungpongpan) from providing financial services and engaging in credit activities.
While he was a financial adviser with NAB, it was alleged that during this period Mr Eung engaged in conduct including:
<ul>
<li>creating two false bank accounts in the names of his clients;</li>
<li>falsifying documents to open the false bank accounts;</li>
<li>causing withdrawals to be made from client funds to the false bank accounts and misappropriating client funds; and</li>
<li>impersonating his clients to attempt to obtain access to funds in the second false bank account.</li>
</ul>
Subsequently, Mr Eung incorporated a company for the purpose of operating a mortgage broking business and became a Credit Representative to provide credit assistance within that business.
ASIC found that Mr Eung had engaged in dishonest conduct, was likely to contravene a financial services law, and was not of good character. ASIC also found that Mr Eung was likely to contravene credit legislation and was not a fit and proper person to engage in credit activities.
Eung was an authorised representative and financial adviser with NAB from 21 May 2015 to 20 December 2016 and a credit representative of Connective Credit Services Pty Ltd from 14 September 2017 to 23 October 2017.
Eung’s banning will be recorded on ASIC’s Banned and Disqualified Persons Register and the Financial Advisers and Credit Representatives Registers.
The banning of Mr Eung is part of ASIC's Wealth Management Project.
The Wealth Management Project was established in October 2014 to lift the standards of major financial advice providers.
As part of its Wealth Management Project, ASIC has banned 47 advisers and one director from the financial services industry. Four bannings are the subject of appeals, with a further banning stayed pending the outcome of an appeal.
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Former NAB financial planner Max Eung faces jail over client fraud

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It's hard to keep an off-market trophy home listing a secret for very long on Sydney’s ­insular peninsula.
Word spread quickly last week across the northern beaches that Australia’s most awarded choreographer and producer David Atkins was quietly seeking buyers for his luxury Collaroy abode.
The offering was texted to the burgeoning Belle Property buyers’ mobile phone list.
<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/2019/4/16/ATKINS2.jpg" alt="">
Coming with the same facade photo as its 2016 purchase, it was easily identifiable as the Collaroy home that Atkins bought after his move from Manly, where he successfully flipped a $6.4 million home.
Atkins, who was involved in entertainment events connected to the 2000 Sydney Olympics, paid $5.05 million for the Collaroy home, a chic designer residence just off the beach.
It was bought from Sean Nicholls, a marketing veteran, and his interior designer wife Dita, who recently sold their next abode, just a few doors along, for $5.1 million.
Belle Property agents Brendan Pomponio and Joshua Perry, who are handling the home’s marketing, were busy yesterday afternoon taking through the keenest of prospective $7 million-plus buyers.
<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/2019/4/16/ATKINS3.jpg" alt="">
Fresh pictures of the further renovated home are set to be published in the Manly Daily later this month.
Atkins, who married his wife Elli at Jonah’s Whale Beach in 2015, is best known for his made-in-Australia musical Hot Shoe Shuffle, an exuberant tribute to tap dancing.
The diminutive dancer has starred in 20 or so major musicals from Cats to A Chorus Line, and has worked with a who’s who of international performers including Elton John, Frank Sinatra, Olivia Newton-John and Peter Allen.
This article was first published in the Sunday Telegraph. 
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Choreographer David Atkins stepping on from Collaroy home

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Bryant Plavsic, a corporate adviser at Evello Partners, has emerged as the $8 million buyer of the Centennial Park mansion, Warwick.
The Martin Rd property was sold by the Ross family ahead of its March auction through The Agency’s Ben Collier.
Warwick, the modernised trophy home, was once owned by the University of NSW as its residence for its Vice-Chancellor.
The university sold it for $5.1 million in 2005 having bought it for $3.8 million in 2002 from the Kemeny family.
Plavsic earned a bachelor of commerce with first class honours from the university where he was the top graduate of his year.
The Federation mansion, on an 828sqm block, had an $8 million guide, with Plavsic having also considered a home on Robertson Road recently sold by TV producer Nick Murray.
There have been 10 sales at $8 million or higher, with six of them above $10 million, over the past 13 years.
This article was first published in the Sunday Telegraph. 
 
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$8 million buyer of Centennial Park mansion Warwick emerges

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The contents of the recently sold Rose Bay home of Geoff Levy and wife Debbie went auction last weekend.
The six bedroom home fetched more than $13 million through Ray White agents Gavin Rubinstein and Elliott Placks.
The Churchill Road home of Levy, who is the chairman of Monash Private Capital, sold after just 15 days on the market.
The contents include art works by David Bromley, John Olsen and Charles Blackman that weren’t there during the open for inspections, suggesting some are on consignment through Charleston’s Fine Art Auctions.
This article was first published in the Saturday Daily Telegraph. 
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Businessman Geoff Levy's Rose Bay home contents sell-off

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When it comes to purchasing your first home, one of the main concerns is affordability. With the cost per square meter starting at <a href="https://hipages.com.au/article/calculate_your_building_costs">$1000 upwards</a>, many Australian first-home-buyers are opting for modern, ergonomically designed apartments with smaller square footage. 

As with houses, apartments provide flexibility to accommodate people with varying needs, offering a range of different sizes, configurations and amenities. In Melbourne alone, <a href="http://secretagent.com.au/inner-melbournes-smallest-largest-apartments/">Secret Agent Property Research</a> found that the standard apartment sizes range from student accommodation at 34 sqm through to warehouse conversions at around 97 sqm. However, the majority of pre-existing apartments built between 1960-1990 are around 59 - 79 sqm, which is considerably smaller than the <a href="https://buildsearch.com.au/house-size">average Melbourne 3 bedroom home at 175 sqm</a>. 

LOCATION, LOCATION, LOCATION

<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/dan-freeman-399586-unsplash.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/dan-freeman-399586-unsplash.jpg?itok=6ATSEmci" width="580"></a></figure>One of the key aspects to consider when buying a small scale apartment or studio is the location. Laing+Simmons property agent Sylvia Vitale explains that Potts Point studios are among some of the smallest properties in Sydney at around 17-30 square meters, but the incredible location compensates for the lack of floor space at home. 

<blockquote>
“Often people living in studios are out and about. They’re visiting cafes, restaurants and galleries, or they’re out walking along the harbour.”
</blockquote>

- Sylvia Vitale, Laing+Simmons Potts Point agent via <a href="https://www.afr.com/real-estate/residential/is-a-studio-apartment-a-good-or-bad-investment-20190328-p518bp">Financial Review</a>

ERGONOMIC DESIGN

<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/grovemade-239354-unsplash.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/grovemade-239354-unsplash.jpg?itok=dqJliTQj" width="580"></a></figure>Another factor is how the design will affect day to day living – including the occupant's health and wellbeing. Victoria's Planning Minister Richard Wynne identified a problem with poorly constructed housing in Melbourne and addressed the need to produce higher-quality apartment complexes.

<blockquote>
"Melbourne has some great examples of architecture which make the most of compact spaces but we must avoid unliveable dog boxes cropping up across the city."
</blockquote>

- Victoria Planning Minister Richard Wynne told The Age

As <a href="https://www.smh.com.au/opinion/why-i-will-never-buy-a-new-apartment-in-sydney-20170209-gu9i4n">veteran building consultant Robert Hart</a> bluntly puts it, "[Poorly designed apartments] are an abomination. We now have tens of thousands of apartments affected by shoddy workmanship, rubbish materials, bad waterproofing."

However, there are plenty of great designs to look to – Sydney business owner Sarah O’Neill was one of the lucky ones who managed to score her dream apartment. Her decision to downsize to a 29sqm Sydney studio was to attain a more sustainable and less stressful lifestyle. O'Neill explains that living in a small space definitely does not compromise her quality of living either.

<blockquote>
"...the increasing availability of quality multi-functional furniture is helping to get around the limitations and having less possessions does not mean you can’t be surrounded by beautiful things. Needing less possessions means you can afford better quality."
</blockquote>

- Sarah O'Neill, small apartment owner via <a href="https://www.news.com.au/finance/real-estate/why-people-are-choosing-to-live-in-smaller-spaces-and-are-happier-for-it/news-story/e682095ed7344a47f0d372d183663471">News.com.au</a>

ENVIRONMENTAL IMPACT

<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/c8da9a28-254f-47b8-bd86-3bcc98ce0e0c.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/c8da9a28-254f-47b8-bd86-3bcc98ce0e0c.jpg?itok=OsZiWTq6" width="580"></a></figure>As Australia shifts from the 'suburban sprawl' to higher density housing, mid-rise developments such as <a href="/new-apartments/brunswick-vic-3056">The Commons</a> by Nightingale Housing are leading the way with impressive environmentally conscious designs. Nightingale's next collaborative design project '<a href="/news/nightingale-housing-plans-seven-buildings-across-brunswicks-duckett-street">Nightingale Village</a>' is set to become 100% fossil fuel free and carbon neutral in operation, and each development will offer shared amenities for resident use including large outdoor spaces, communal dining areas, as well as solar energy and rainwater harvesting, which collectively lowers resident costs and their carbon footprint. 

"Melbourne (and by extension, all of Australia) will experience massive growth over the next decades – but where will these people live? And perhaps more importantly, how will they live?"

- Jeremy McLeod, founder and director of <a href="/architects/breathe-architecture">Breathe Architecture</a> via <a href="http://theconversation.com/affordable-sustainable-high-quality-urban-housing-its-not-an-impossible-dream-57958">The Conversation</a>

<hr>
Urban.com.au sought the advice of two experts in the field of space-saving design, who shared their thoughts on small footprint living and how to design effectively for small spaces.

<a href="https://www.nicholasgurney.com.au/">NICHOLAS GURNEY</a>

BIO: "I prefer to design compact spaces. My work is highly functional and considered. I produce dynamic and clever solutions with a focus on the organisation of space. I employ a strong conceptual focus and the needs of my clients are heavily embedded in the outcomes."  Nicholas Gurney was shortlisted in Zenith’s Emerging Designer category at the 2017 IDEA Awards. 

<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/t04.jpg" rel="gallery-all" title="Before..."><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/t04.jpg?itok=HCTVdFB1" title="Before..." width="580"></a>

<figcaption>Tara apartment v1</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/t02.jpg" rel="gallery-all" title="One of Nicholas Gurney's incredible designs features a pull out bed in the living area."><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/t02.jpg?itok=jQVARlxx" title="One of Nicholas Gurney's incredible designs features a pull out bed in the living area." width="580"></a>

<figcaption>Tara apartment v2</figcaption></figure><hr>
<a href="https://www.tsaidesign.com.au/about/">JACK CHEN</a> (TSAI DESIGN)

BIO: Since Tsai Design’s first architectural commission in 2013, director Jack Chen has made it his mission to pursue innovative solutions that drive architectural progress. Type Street Apartment, Chen’s minimalist take on small footprint living, is his latest exploration into architecture’s invigorating potential. The renovation won three categories at the 2018 ArchiTeam Awards and received a shortlisting in the 2018 Houses Awards.

<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_2019-05-03_at_1.48.27_pm.png" rel="gallery-all" title="Type Street Apartment"><img alt="" class="image-article-full-width-580px" height="385" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-05-03_at_1.48.27_pm.png?itok=5B6QR-md" title="Type Street Apartment" width="580"></a>

<figcaption>Type Street Apartment v1</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_2019-05-03_at_1.48.17_pm.png" rel="gallery-all" title="Type Street Apartment 2"><img alt="" class="image-article-full-width-580px" height="382" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-05-03_at_1.48.17_pm.png?itok=chzgJAMf" title="Type Street Apartment 2" width="580"></a>

<figcaption>Type Street Apartment v2</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_2019-05-03_at_1.48.07_pm.png" rel="gallery-all" title="Type Street Apartment 3"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-05-03_at_1.48.07_pm.png?itok=JfsuDVfv" title="Type Street Apartment 3" width="580"></a>

<figcaption>Type Street Apartment v3</figcaption></figure><hr>
DEMAND FOR SMALLER-SCALE HOUSING

<a href="https://www.propertyobserver.com.au/https://www.abs.gov.au/ausstats/abs@.nsf/mf/3236.0">The Australian Bureau of Statistics</a> revealed that one-person households are likely to rise between 3 million and 3.6 million by 2031, which is a significant increase since 2006 where only 1.9 million people lived alone.

Urban.com.au: With the growing population, do you think there has been more demand for designing smaller apartments in recent years?

Nicholas Gurney: “There is certainly a strengthening demand for smaller apartments, but I think there are many factors beyond the growing population. At present, small space habitation is considered by many to be a phase of transition i.e. a place of habitation for a finite period either on the way up or on the way down, so to speak. With comparison to five years ago, there is certainly improved demand for the development of existing building stock and I think this arises from issues surrounding affordability and locality. There are more single-person households than ever before, and this will make an ongoing contribution to the demand for smaller apartments.”

Jack Chen: "I'm not sure, to be honest, I think both scenarios are on the rise, they offer very different ways of living so it’s good that people have the options to either live in a house with a backyard further out, or to embrace the convenience of city living, with shops and gyms right outside your door.”

<hr>
DESIGN TRICKS FOR SMALL SPACES

<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/s13.jpg" rel="gallery-all" title='"Lightwell staircase" features a mirrored wall to give the illusion of more space. Credit: NIcholas Gurney'><img alt="" class="image-article-full-width-580px" height="870" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/s13.jpg?itok=yK0AmMt0" title='"Lightwell staircase" features a mirrored wall to give the illusion of more space. Credit: NIcholas Gurney' width="580"></a>

<figcaption>"Lightwell staircase" features a mirrored wall to give the illusion of more space. Credit: Nicholas Gurney</figcaption></figure>U: What's your favourite space-saving design trick?

<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/fl09.jpg" rel="gallery-all" title="Flinders Lane apartment bedroom features mirrored cupboards to create the illusion of more space. Credit: Nicholas Gurney"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/fl09.jpg?itok=PixLnafN" title="Flinders Lane apartment bedroom features mirrored cupboards to create the illusion of more space. Credit: Nicholas Gurney" width="580"></a>

<figcaption>Flinders Lane apartment bedroom features mirrored cupboards to create the illusion of more space. Credit: Nicholas Gurney</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/tsaidesign_type-st_11-1.jpg" rel="gallery-all" title="Credit: Jack Chen"><img alt="" class="image-article-full-width-580px" height="829" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/tsaidesign_type-st_11-1.jpg?itok=vq3s5kHl" title="Credit: Jack Chen" width="580"></a>

<figcaption>Multi-purpose bespoke cabinetry. Credit: Jack Chen</figcaption></figure>JC: “I like to think each problem is unique and not one trick will work for all scenarios, but I think generally the less is more philosophy is quite an important one that flows behind the scenes in all of my projects. I am not a pure minimalist, but I think it is important to have less visually, to visually declutter goes a long way to provide a calmness most people desire in their home. What this means is there needs to be plenty of hidden storage space for the user.”

DOWNSIZING THE TRADITIONAL "AUSTRALIAN 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/2_6.jpg" rel="gallery-all" title="'Atop a Shop' by Jack Chen. Credit: Tsai Design"><img alt="" class="image-article-full-width-580px" height="341" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/2_6.jpg?itok=V16aGVF7" title="'Atop a Shop' by Jack Chen. Credit: Tsai Design" width="580"></a>

<figcaption>'Atop a Shop' by Jack Chen. Credit: Tsai Design</figcaption></figure>U: In your opinion, which areas of a home/apartment can be downsized, and which cannot?

NG: “Everything can be reduced from what we’re accustomed to, however, it is conventional fittings and fixtures that administer the spatial organisation and provide the constraint on reduction. A sleeping area can be reduced to the proportions of a mattress or the space required for a murphy bed but a utility space such as bathroom or kitchen cannot be reduced to the size of its parts. Instead, the pockets of space in and around these utility areas is managed to enable a downsize. A living space is a luxury space and can be downsized simply.”

JC: “Again, I think each person’s requirement is different, there could be general patterns of living comfort, but I try not to start with generalization. Small space living is very tailored to each person’s priority in living, in order not to waste any cm of valuable space. Some are ok with sleeping with 60cm height space in order to give space for daytime activities, others define a home as a place that you can sleep in comfort, hence more priority and space needs to be provided for the bedroom in the second scenario.”

<hr>
GLOBAL INSPIRATION

<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/nakagin-capsule-tower-by-kisho-kurokawa-shimbashi-in-tokyo-yellowtrace-21.jpg" rel="gallery-all" title="Nakagin Capsule Tower by Kisho Kurokawa Shimbashi in Tokyo, Japan. Credit: YellowTrace"><img alt="" class="image-article-full-width-580px" height="464" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/nakagin-capsule-tower-by-kisho-kurokawa-shimbashi-in-tokyo-yellowtrace-21.jpg?itok=w5F4_N3u" title="Nakagin Capsule Tower by Kisho Kurokawa Shimbashi in Tokyo, Japan. Credit: YellowTrace" width="580"></a>

<figcaption>Nakagin Capsule Tower by Kisho Kurokawa Shimbashi in Tokyo, Japan. Credit: YellowTrace</figcaption></figure>U: On a global scale, which space-saving designs are you most inspired by?

NG: “I tend to take inspiration from more conventionally sized architecture which permeates in how I design compact spaces. The Nakagin capsule tower in Tokyo, Japan is an interesting space-saving proposal imagined in the Japanese Metabolist style. Nearby to the famous tower is a more recent micro-unit example called the CT7165. Measuring just 8.5sqm, the units in CT7165 are even smaller than the 10sqm capsule units.”

JC: “I think the idea of layering a room vertically to take advantage of the high ceiling is a really smart approach. Usually, space above our reach of around 2m is not utilized much, because there’s a perception of inconvenience, but in a house with a small footprint, they are really valuable opportunities to take up.”

ARE YOU READY FOR SMALL-FOOTPRINT LIVING?

NG: “A reduction is positive. There is something very satisfying about inhabiting spaces without surplus or excess and this can only be experienced through positive change. The obvious benefits of more quality time and less financial burden are obvious advantages.”
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Is Australia ready for smaller footprint apartment living?

<html><body>
Melbourne's landmark 101 Collins Street, is about to undergo a luxury overhaul under the design of commercial architect Gray Puksand (Australia Post Tower, Urbis). AXA Investment Group recently announced the development of a state-of-the-art wellness centre within the tower, which could likely become the largest health and wellness facility in the city – raising the bar for the tower's competitors. 

<blockquote>
“We set the benchmark for premium workplaces in Australia. At the same time, we’re constantly evolving to meet the needs of our customers.”

-  101 Collins website
</blockquote>

Two studios will be equipped to facilitate the practice of yoga, Pilates, barre, meditation HIIT and cardio-based classes. The spaces will also feature sprung floors and heated ceiling panels for the comfort of users. Three specialist consultation rooms are also on the cards, offering physiotherapy, osteopathy, chiropractic and remedial massage.

<blockquote>
“For almost three decades, 101 Collins Street has held the position as Melbourne’s pre-eminent office address, but we can’t afford to be complacent. Our team is focused on responding to evolving tenant needs, new trends in technology and innovation, so our projects will continue to set new benchmarks in the premium space market.”

- Brett Dillon, Head of Funds Management at AXA IM-Real Assets
</blockquote>

The renovation follows the recent completion of the project's end-of-trip facility where an entire ground-level carpark was transformed into a resort-style spa known as 'ONE'. Special features include a luxury towel service, personal grooming stations, lounge seating, Australian-made Leif shower products and parking for 500 bikes.

101 Collins Street was originally built in 1991 and designed by renowned architect Johnson Burgee. Completion of the project is slated for October this year.

A host of developers are looking at improvements to existing assets to compete in a highly competitive commercial market. These include AMP Capital's lobby refurbishment at <a href="https://www.collinsplace.com.au/development-updates">35 Collins Street</a>, GPT's <a href="/news/its-back-to-the-future-for-melbourne-central-towers-lobby-upgrade">lobby redevelopments at Melbourne Central</a>, ANZ Gothic and a new CLT office building at <a href="/developments/melbourne-vic-3000">300 Lonsdale Street</a> above the existing shopping centre.

The next generation of office towers which have been designed around the health and wellbeing of workers include Mirvac's <a href="/developments/melbourne-vic-3000">Olderfleet</a> (under construction), Cbus Property's <a href="/news/cbus-property-submits-planning-application-for-its-landmark-435-bourke-street-site">435 Bourke Street</a> (currently at planning) and Charter Hall's 555 Collins Street. In addition to boasting strong environmental credentials, the projects are also targeting <a href="https://www.wellcertified.com/">WELL Certification</a>, as world leaders in workplace design.
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