Private equity real estate firm Conquest has entered into a $220 million partnership with Woolworths’ development arm, Fabcot, to deliver its long-awaited Waterloo project on Bourke Street.

The Bourke Street development was first flagged by Fabcot back in 2021 as part of its push into Sydney’s residential market. However, progress has since stalled, with no activity on site amid a number of design revisions in consultation with the City of Sydney.

<a href="https://www.apartments.com.au/developers/conquest">Conquest</a>, which is actively planning more than $6 billion worth of new developments, predominantly mixed-use precincts, is now set to move the project forward.

The current plans include between 110 and 120 apartments across two buildings designed by Bates Smart at <a href="https://www.apartments.com.au/new-apartments/923-935-bourke-street-waterloo-nsw-2017">923 Bourke Street</a>. The scheme will incorporate a portion of apartments reserved for key workers, alongside premium commercial space at ground level, including a full-line Woolworths supermarket.

Construction is expected to commence in the second half of 2026.

Michael&nbsp;Akaawi, CEO of Conquest, said the partnership reflects the firm’s commitment to "convenience-led" urban renewal."

"We are preparing to commence construction in the second half of this year," Akaawi says.

"Along with Woolworths, we look forward to delivering the first major supermarket to the growing Waterloo community, integrated with premium new apartments and specialty retail shops. Our focus is on creating a seamless lifestyle hub where essential services are at the doorstep, saving residents time and enhancing their quality of life."&nbsp;

<img alt="Conquest" data-entity-type="file" data-entity-uuid="d8beee83-ef9b-446b-a3b3-1e2fe596512b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-01%20at%2011.08.46%E2%80%AFAM.png?VersionId=raYhGepiLUJfx4InLPRRJduA3ftDJ_kS" />

The news comes just a week after Conquest went to the NSW Government to upsize its plans for Castlecrag's Quadrangle Shopping Centre.

Conquest purchased the site for just shy of $70 million last year, with existing plans in place for a mixed-use residential and retail precinct comprising 38 luxury apartments.

Those plans have now been significantly expanded, with the developer lodging a State Significant Development Application with the NSW Government’s Housing Delivery Authority for 150 apartments across two 11-storey buildings. The apartments will sit above a four-storey podium, incorporating specialty retail tenancies and five levels of basement car parking, on the 5,166 sqm site at&nbsp;<a href="https://www.apartments.com.au/new-apartments/100-edinburgh-road-castlecrag-nsw-2068">100 Edinburgh Road</a>.

Conquest has been increasingly active in the development space in recent years. The group acquired the&nbsp;<a href="https://www.apartments.com.au/developments/eastlakes-nsw-2018">Eastlakes</a>&nbsp;Shopping Centre redevelopment, where it plans to deliver more than 1,000 apartments above a new retail precinct, and has also lodged a $900 million State Significant Development Application for a&nbsp;<a href="https://www.apartments.com.au/news/nsw/conquest-unveils-900m-stanmore-village-vision-for-landmark-inner-west-site">mixed-use precinct in Stanmore</a>.

Joel Robinson

Conquest partners with Woolworths to deliver mixed-use Waterloo project

A shift away from Sydney’s industrial past has left parts of the inner south defined by contrast, brick warehouses repurposed into dining precincts, former factory streets softened by landscaping and pedestrian activity.

Rosebery is one of those suburbs. Over the past decade, it has undergone significant gentrification, anchored by The Cannery, which has helped reposition the area as one of the inner city’s most sought-after lifestyle pockets.

What hasn’t kept pace with that transformation is new residential supply, which has remained relatively limited. Builder-developer Deicorp identified that gap early, securing a site in 2019 and delivering what is now one of the suburb’s most architecturally distinctive developments.

To realise the vision, Deicorp engaged Candalepas Associates to design The Rothschild, a project that is immediately recognisable from the street.

Completed in 2025, The Rothschild comprises two buildings across Rothschild and Mentmore Avenues, delivering 176 apartments. The development replaces a former industrial site, retaining a material and structural dialogue with its past while introducing a more resolved residential framework. The scale is deliberate but not monolithic, broken into forms that engage both street frontages, with retail at ground level and two levels of basement parking below.

[smartcode_project:default project_id=106843 project_image_fid=221665]

From the street, the architectural intent is clear. Off-form concrete columns run through the façade, establishing a repeated structural rhythm that gives the building its visual weight. These are paired with deep-set arches and sections of exposed brickwork, creating a layered elevation that reads less like a typical apartment block and more like a reinterpretation of industrial architecture.

The material palette is intentionally restrained, with concrete left exposed and brick used to define mass rather than decoration. The result is a building that stands out through proportion and repetition, rather than height or glazing.

This approach continues internally. A central landscaped courtyard sits between the two buildings, anchored by an olive grove that acts as both a visual and spatial focal point. Rather than functioning as residual space, the courtyard is designed as a shared ground plane, where circulation paths, seating areas and planting come together to create a usable communal environment. Its positioning allows natural light to penetrate deep into the site while maintaining separation between residences.

[smartcode_project:default project_id=106843 project_image_fid=221666]

Within the apartments, the planning follows a clear and functional logic. Entry points lead directly into open-plan living areas, with kitchens positioned as central elements alongside dining and lounge spaces. These zones extend to balconies or external openings, maintaining a visual connection to either the courtyard or the street.

Kitchens prioritise practicality, with generous bench space, ample storage and European appliances configured for everyday use. Bedrooms are typically set back from the main living areas, creating quieter zones within each residence, with separation achieved through layout rather than material change. Bathrooms are compact but efficient, incorporating mirrored cabinetry and integrated storage to maximise space. Across all residences, the emphasis is on clarity of movement and functional planning.

[smartcode_project:default project_id=106843 project_image_fid=221669]

At ground level, retail and hospitality uses extend the building’s presence beyond its residential function. A café or restaurant space, alongside communal amenities such as a music room and rooftop areas, positions the development as part of a broader urban network rather than a standalone project. These shared spaces reinforce a lifestyle where the building operates as an extension of the surrounding neighbourhood.

Rosebery’s proximity to Green Square, The Cannery and nearby parklands supports this model of living, where much of daily life is within walking distance. The Rothschild sits comfortably within that network, contributing to the streetscape through its distinctive architecture, while internally organising space around light, structure and communal use.

The Rothschild is now complete and ready to move in, with limited residences remaining.

[smartcode_project_cta:default project_id=106843]

The Rothschild reinterprets Rosebery’s industrial DNA into residential form

KTQ has unveiled&nbsp;<a href="https://www.apartments.com.au/new-apartments/casilia-16-marine-parade-coolangatta-qld-4225">Casilia</a>, the final residential release within the Kirra Point precinct which really kicked off the boom in the area back in 2019.

The final stage comprises&nbsp;87 residences and marks the culmination of a long-term, family-led vision for Kirra Point, as the precinct moves toward completion in tandem with the development.

Around $100 million in sales have been achieved already, close to 35 per cent of the residences secured ahead of launch. There have been a significant number of buyers returning from the first stage of the development, Miles Residences, securing another property within Kirra Point.

[smartcode_project:default project_id=152295 project_image_fid=368410]

Selling agent Tim Keenan from Keenan Byrne said the response reflects both the scarcity of the offering and Kirra’s growing reputation as a premium coastal market.

“This is effectively Kirra’s final act, the last release within what has become one of the Southern Gold Coast’s most tightly held beachfront precincts,” Keenan said.

“We’ve seen exceptionally strong pre-sale interest, from VIP waitlists through to off-market enquiry, which speaks to both the quality of the product and the confidence buyers have in the precinct. What’s particularly compelling is the number of buyers returning from Miles, either upgrading or investing again, which is a strong signal of how the precinct has been received."

Keenan adds that at the same time, north-facing beachfront remains exceptionally rare in Australia, limited to places like Noosa, Byron and Kirra, which is underpinning long-term value.

[smartcode_project:default project_id=152295 project_image_fid=368415]

Positioned along one of Australia’s few true north-facing beaches, Casilia offers a mix of two and three-bedroom residences with pricing ranging from $1.87 million to $7.15 million and two exclusive penthouses. Residences are oriented to capture varying outlooks, from uninterrupted Pacific Ocean views across Kirra Beach to hinterland vistas, with upper levels and shared amenity taking in sweeping perspectives along the Gold Coast coastline.

At rooftop level, a north-facing pool deck captures expansive, uninterrupted views over Kirra Beach and north towards Surface Paradise. The space incorporates a heated resort-style pool, mineral spa, sun lounges and a covered BBQ cantina.

Buyer profiles are broad, typically aged between 40 and 70, with a strong skew toward second-home ownership, drawn by a combination of lifestyle, relative value, proximity to Gold Coast Airport and lower congestion compared to more established markets such as Byron Bay and Noosa.

[smartcode_project:default project_id=152295 project_image_fid=368414]

The project is being delivered by <a href="https://www.apartments.com.au/developers/ktq-group">KTQ Group</a>, a family-owned Australian property group with a diverse portfolio spanning residential, hospitality and commercial developments. The group has delivered a number of notable projects across sectors, including the award-winning Elements of Byron resort, demonstrating its depth of experience across both hospitality and residential development.

Known for its long-term approach to place-making, KTQ Group retains a vested interest in its projects, often holding assets within its portfolio, which has also helped build trust among buyers and reinforced confidence in both the vision and delivery certainty of the precinct.

“Casilia represents the final opportunity to secure a residence within Kirra Point and brings to market the last release within our long-term vision for the precinct," KTQ Group's Jeremy Holmes said.

"Kirra Point has been more than a decade in the making, and that timeframe reflects the care behind each decision, it takes listening, balance and vision to arrive at something that feels right for the location.

“Our approach has always been to deliver Kirra Point as a destination in its own right, a connected coastal neighbourhood integrating residential, hospitality and wellness, rather than a standalone project. It’s a vision that respects place, pace and permanence, and contributes to a sense of community that feels authentic to Kirra.”

[smartcode_project:default project_id=152295 project_image_fid=368411]

Once complete, the Kirra Point masterplan will incorporate a mix of dining establishments, bars and cafés, alongside the Kirra Point Health Club and a future 91-room independent resort hotel, creating a walkable, integrated lifestyle precinct.

Architecutue and interiors at Casilia have been designed by the experienced design houses of <a href="https://www.apartments.com.au/architects/little-boat-projects">Little Boat Projects</a> and O’Neil Architecture &amp; Interior Design, The design moves beyond the conventional coastal apartments, instead taking cues &nbsp;from the surrounding landscape - layering natural materials, soft curves and warm textures to create spaces that respond to light, airflow and the rhythms of coastal living.

Residences are designed with an array of floorplates, generous proportions and intuitive flow, while at ground level Casilia connects into the broader precinct, where future laneways, retail and hospitality offerings will contribute to a neighbourhood defined as much by how people live day-to-day as its beachfront position.

[smartcode_project_cta:default project_id=152295]

The final residential release within the Kirra Point masterplan is set to launch, as strong pre-sales signal sustained demand for the Southern Gold Coast

A decade in the making: KTQ launches Casilia at Kirra Point

South East Queensland developer&nbsp;<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a>’s entry into the Gold Coast apartment market has progressed from pipeline to market, with its Chevron Island project Bronze on Chevron now formally available to purchase ahead of a planned 2029 completion.

The 119-apartment development on Mawarra Street marks the Brisbane-headquartered builder-developer’s first residential play in the Gold Coast, following its expansion south from Brisbane and the Sunshine Coast.

<a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-surfers-paradise-qld-4217">Bronze on Chevron</a> comprises a mix of two-, three- and four-bedroom residences, with pricing starting from just over $1.5 million. The project is being delivered under Gardner Vaughan’s fully integrated model, with the group acting as both developer and builder, a structure it has consistently applied across its South East Queensland portfolio.

[smartcode_project:default project_id=107520 project_image_fid=367182]

Architecture has been designed by <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, with landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jeremy-ferrier-landscape-design">Jeremy Ferrier</a>. The building presents as a single-tower scheme, with a focus on maximising outlook across both the Surfers Paradise skyline and the Nerang River.

Apartments have been planned with open-plan living zones extending to generous balconies, a response to the site’s dual-aspect positioning between river and ocean. Interiors follow a restrained coastal palette, with two colour schemes offered, and an emphasis on natural light and cross-ventilation.

[smartcode_project:default project_id=107520 project_image_fid=367181]

Resident amenity is concentrated across more than 1,250 sqm and includes a resort-style pool, gym, yoga lawn and rooftop entertaining areas. A function space with catering facilities forms part of the upper-level offering, alongside north- and south-facing outdoor areas.

Ground level will incorporate two retail tenancies, intended to extend the existing village character of the surrounding streets.

&nbsp;

[smartcode_project:default project_id=107520 project_image_fid=367200]

The project sits within walking distance of Thomas Drive’s established dining strip, while maintaining proximity to <a href="https://www.apartments.com.au/developments/surfers-paradise-qld-4217">Surfers Paradise</a> beach and broader Gold Coast amenity. The location, positioned on Chevron Island between the river and coastline, has increasingly attracted mid- to high-density development in recent years as the precinct evolves beyond its low-rise origins.

Gardner Vaughan’s move into the Gold Coast was first signalled in 2025, with the group identifying the region as a natural extension of its operations. Chief Executive Officer Simon Betteridge described the expansion as both “strategic and natural”, citing demand for well-designed apartments in lifestyle-driven markets.

Construction is expected to complete in early 2029.

[smartcode_project_cta:default project_id=107520]

Gardner Vaughan brings Bronze on Chevron to market as Gold Coast debut

One of the penthouses at Lily Lane, the latest stage of Carrington Place by Ellipse Property, has set a new local apartment price record.

The four-bedroom residence, purchased by a local downsizer, sold for $5.75 million—around 75 per cent higher than the previous record of $3.3 million.

Over 40 per cent of the first release of apartments at&nbsp;<a href="https://www.apartments.com.au/new-apartments/lily-lane-at-carrington-place-castle-hill-32-carrington-road-castle-hill-nsw-2154">Lily Lane</a> have already been snapped up just six weeks since it launched to the market.

&nbsp;

Located at 32 Carrington Road, <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a> and designed by award-winning architects <a href="https://www.apartments.com.au/architects/ptw">PTW</a>, Lily Lane is directly opposite the Hills Showground Metro station. It offers a total 213 units over two 12-storey towers - a mix of 67 one-bedroom, 100 two-bedroom and 46 three-bedroom apartments - with a ground-floor retail offering.

[smartcode_project:default project_id=151821 project_image_fid=368352]

Blake Schulze, National Director – Residential at <a href="https://www.apartments.com.au/project-marketer/colliers">Colliers</a>, says around 44 per cent of buyers are&nbsp;owner occupiers, with 35 per cent being investors and 21 per cent first homebuyers.

“Developments of this calibre are very rare in the Hills District, and Lily Lane’s sales success demonstrates the depth of demand for over-sized apartments that genuinely compete with freestanding homes," Schulze says.

"We are seeing particular demand from downsizers who want to remain in the area but transition into spacious, high-quality apartment living."

On the penthouse sale, it says it shows buyers&nbsp;are prepared to pay a premium for scale, quality, and direct access to the Metro.

[smartcode_project:default project_id=151821 project_image_fid=368351]

One-bedroom apartments are sized from 50-72 sqm with prices starting at $745,000, while two-bedrooms are priced from $990,000 with sizes from 75 to 132 square metres. Three-bedroom floorplans are sized between 97 and 182 sqm,, with prices starting at $1,395,000.&nbsp;

The three remaining penthouses, spanning up to 262 sqm, are priced from $2.9 million.

Over 75 per cent of apartments include dedicated studies, multipurpose rooms or family rooms, with select layouts offering walk-in pantries and laundries. Apartments are appointed with premium Miele appliances including ovens, washing machines, dryers, gas cooktops and dishwashers, while larger residences also incorporate integrated Miele microwaves, Fisher &amp; Paykel integrated refrigerators and five-burner Miele cooktops.

[smartcode_project:default project_id=151821 project_image_fid=360285]

Lily Lane will be constructed by award-winning iCIRT-rated builder <a href="https://www.apartments.com.au/builders/decode">Decode Group</a>, with construction to commence in mid-2026 and expected to complete early 2029.

Carrington Place comprises more than 800 apartments and is being delivered across multiple stages, with completion expected in 2032. Integrated with neighbouring bushland, the project will feature over 20,000 sq, of outdoor recreational area, including a one-kilometre boardwalk to Fred Caterson Reserve.&nbsp;

The Hills Showground Metro Station is just a two-minute walk away, offering fast connectivity to Sydney’s CBD, North Sydney, Chatswood, Macquarie Park and Norwest Business Park.

[smartcode_project_cta:default project_id=151821]

Ellipse sets Castle Hill apartment record with $5.75 million Lily Lane penthouse sale

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?

If you wish you could enjoy holiday-living year-round, then <a href="/new-apartments/chevron-one-36-46-stanhill-drive-chevron-island">Chevron One</a> might be the answer. As Chevron Island's first luxury tower, the development has close to 2000 square metres of resort-style amenity, a 24-hour concierge service and 360-degree uninterrupted views that won't be built out.&nbsp;

Check out our video tour:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/FVaGOeNz8nw" width="660"></iframe>

<h2>CHEVRON ONE&nbsp;AT A GLANCE</h2>

Developer: <a href="/developers/bensons-property-group" target="_blank">Bensons Property Group</a>

Architect:&nbsp;<a href="/architects/marchese-partners" target="_blank">Marchese Partners</a>

Location: 36-44 Stanhill Drive, Surfers Paradise QLD 4217

Number of residences:&nbsp;236

<a href="/new-apartments/chevron-one-36-46-stanhill-drive-chevron-island"><img alt="" data-entity-type="" data-entity-uuid="" height="1055" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/chevron-one-36-44-stanhill-drive-surfers-paradise-8f9a13e59f7f17c26db216efcd68a415.jpg" width="2500" /></a>

Chevron One is being delivered by Bensons Property Group, along with a design team comprising of Marchese Partners and Byrns Lardner Landscape Architecture, with construction undertaken by Hutchinson Builders.

The lavish display suite gives us a great indication of the quality and design of the one, two and three-bedroom homes on offer.&nbsp;

The kitchens are both functional and stylish – bringing to life the vision of chef Shannon Bennett, who collaborated with the team to create a space where residents would enjoy cooking. Each kitchen is fit with Miele appliances and high-quality tapware. Stainless appliances are seamlessly integrated, and the handle-free cabinetry creates a clean, clutter-free aesthetic.&nbsp;

Engineered timber flooring can be found throughout each living area, giving you the flexibility to customise the space with your own furnishings.

The bathrooms exude opulence. A dual wall hung vanity is illuminated with recessed LED lighting, with a wall-spanning mirror creating an effortless sense of space.&nbsp;Walk-in showers feature high-quality stainless tapware, set against marble-look tiled walls.&nbsp; &nbsp;

[smartcode_project:default project_id=6515]

The bedrooms are complete with soft carpet, generous wardrobe storage, and floor-to-ceiling glazing giving you stunning views overlooking the Hinterlands, Nerang River and the Pacific Ocean.

The on-site luxury amenities at Chevron One include a resident's executive lounge, private dining facilities, a library, multiple swimming pools, a health club, a sculpture garden, and more for residents to discover.&nbsp;

Situated on Stanhill Drive, Chevron One is within walking distance to Thomas Drive cafes and retail shops, Home Of The Arts precinct, and the beach.&nbsp;

Estimated completion of Chevron one is late 2023. To secure your new home in the sought after development, request a call from a Chevron One sales agent via Urban.&nbsp;

Olivia Round

Urban's tour of the Chevron One display suite

<html><body>
Acacia Waters apartments is in the suburb of Eagleby only 32 kilometres south of Brisbane and just 26 kilometres north of The Gold Coast, which is Australia’s number one tourist destination. Eagleby is adjacent to Beenleigh which is the largest commercial community between Brisbane and the Gold Coast.

<figure><a href="/new-apartments/acacia-waters-155-163-fryar-road-eagleby"><img alt="" class="image-article_full_width_580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/acacia-waters-estate-fryar-road-eagleby-36a695007f058dd02c0b6dec8755bd52.jpg?itok=TR4ZlfJs" style="width: 580px; height: 435px;"></a></figure>Acacia Waters offer an abundance of outdoor living. Crystal tropical pool and barbeque pergolas overlooking acres of evergreen gardens, walk paths, and open lawns. Acacia Waters provide the freedom for growing young family’s room to run, have fun and relax. This exciting new community is adjacent to essential amenities such as shops, restaurants, schools, public transport and parks, bike riding tracks and lifestyle activities.

<figure><a href="/new-apartments/acacia-waters-155-163-fryar-road-eagleby"><img alt="" class="image-article_full_width_580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/acacia-waters-estate-fryar-road-eagleby-e8a538942622ac5d7e9428c4828f5507.jpg?itok=r9HCr72u" style="width: 580px; height: 435px;"></a></figure>PROPERTY KEY DETAILS:

<ul>
<li>Granite bench tops</li>
	<li>Air conditioned</li>
	<li>Sophisticated selection of tiles and furnishings</li>
	<li>Smart open plan design</li>
	<li>Executive kitchen appliances</li>
	<li>Security car parking</li>
	<li>Ample visitors parking</li>
	<li>Undulating gardens and lawns</li>
	<li>9 contemporary designed buildings</li>
	<li>Experienced 24 hour on site management</li>
	<li>Swimming pool and BBQ pergolas</li>
</ul>
</body></html>

urban.com.au

Eagleby - The newest family residential community development, Acacia Waters

The national developer Mirvac has seen buyers snap up the first release of Ashford Residences, its Everton Park project just north of the CBD.

All of the 24 terraces have been snapped up which has seen Mirvac bring forward construction to this month.

The cheap entry point, starting at $630,000, has seen first home buyers dominate the purchasers. There we 10 first home buyers, accounting for over 40 per cent of the buyer demographic. They&#39;ve taken advantage of the $15,000 HomeBuilder grant and the $15,000 first home buyer grant.

There were five downsizer purchases and five investors who are getting back in to the market, and four buyers upgrading.

[smartcode_project:default project_id=28504]

Mirvac have appointed Brighton Homes to deliver the 80 Ashford Residences townhouses, with further stages to also be fast-tracked and released to the market in the coming weeks. There has already been expressions of interest in the next lot of 33 terraces, some of which have up to 217 sqm of space.

There will also be 43 freestanding homes in the wider development.

Each purchaser has the opportunity to customise their terrace, with the ability to choose from five main colour schemes and a number of different fittings. 
 
Warwick Bible,&nbsp;Mirvac&#39;s&nbsp;general manager of residential development&nbsp;said he was pleased to have Brighton Homes on board to ensure the quality of construction was on par with the community&rsquo;s stellar location alongside Kedron Brook and five star resident facilities.

&ldquo;This is the first built product at Ashford Residences and we are confident Brighton Homes will bring these beautifully crafted terraces to life exactly as we have imagined,&rdquo; he said.

[smartcode_project:default project_id=28504 project_image_fid=150616]

&ldquo;As with all Mirvac communities, we have designed the terrace homes to embrace the look and feel of their surroundings, so in this case it&rsquo;s all about capturing light, breezes and appreciating the natural, leafy surrounds of the adjacent Kedron Brook.

&ldquo;We&rsquo;ve extended the greenery in to our community with each home boasting a landscaped private courtyard, along with access to the Ashford Club, which features a communal turfed area for residents to relax and entertain guests, complemented by resort-style amenities including a pool, barbeque, teppanyaki grill, fire pit and gymnasium.

&ldquo;Lifestyle has been a major drawcard for purchasers, who have been predominantly local owner-occupiers including families, downsizers and first time buyers &ndash; who will enjoy the convenience of having multiple schools nearby along with the revitalised Everton Park Plaza with a range of new restaurants and cafes.

&ldquo;With construction starting on the first stage, we&rsquo;re expecting the strong demand to continue from buyers looking for a brand new home they can move in to soon, with completion on the first stage expected by late 2021/early 2022.&nbsp;

[smartcode_project_cta: project_id=28504]

<h2>Other developments by Mirvac</h2>

[smartcode_project:default project_id=90553]

Mirvac has released the latest apartments in its $1 billion Quay Waterfront Newstead community.&nbsp;

Following development approval in mid 2020 the latest tower, Sky Precinct, will be located alongside the Brisbane River and will join previously completed stages including Pier, Park and Unison.

The 25 storey tower will home 143 one, two, three and four-bedroom apartments that have been designed by Mirvac&rsquo;s team to cater specifically to owner-occupiers.

&nbsp;

Mirvac has just secured a sell-out of stage one of the project, which will be fast-tracked to meet demand

Why first home buyers have dominated sales in Mirvac's Everton Park townhouse development Ashford Residences

A sneak peak at the upcoming release&nbsp;by Mirvac in its&nbsp;$1 billion&nbsp;apartment, Quay Waterfront Newstead.

Following development approval in mid 2020, the latest tower, Sky Precinct, will be located alongside the Brisbane River and will join previously completed stages Pier, Park and Unison.

The 25 storey&nbsp;tower will deliver&nbsp;143 one, two, three and four-bedroom apartments that have been designed by Mirvac&rsquo;s in house design team to cater specifically&nbsp;to&nbsp;owner-occupiers.

Residents will be able to take advantage of Sky Precinct&#39;s&nbsp;Brisbane River views and the city&rsquo;s sub-tropical climate, along with exclusive resident lifestyle amenities. There will be a ground-level tropical oasis with pools of water, shaded enclaves and grassed areas that connect to - and expand - Waterfront Park.

Located at 57 Skyring Terrace, Sky Precinct&nbsp;will contain&nbsp;a suite of exclusive resident lifestyle amenities including a&nbsp;ground-level wellness centre&nbsp;with a gym and yoga studio, a&nbsp;resident&rsquo;s lounge&nbsp;and a private dining room on level 19.

The building community also benefits from a private residents&rsquo; lounge, wine room and dining area which can be reserved for entertaining and special events.[smartcode_project:default project_id=90553]

Set in 5.5 ha of parklands, the biophilic tower weaves garden-green freshness up and around its apartments.&nbsp;Natural materials and organic forms define the interior spaces, bringing the textures of the outdoors in through feature stonework, unique metal patinas and timber-like grains.

[smartcode_project:default project_id=90553 project_image_fid=170846]

Centred by the park&nbsp;but connected to the best of Brisbane&rsquo;s shopping and social scenes, Quay Waterfront Newstead is just 2km from the CBD. Surrounded by Fortitude Valley, Teneriffe and the river, life here offers the best of urban living balanced with the tranquillity of the waterfront.

Mirvac&nbsp;began developing its vision for the&nbsp;Waterfront Newstead&nbsp;masterplan in 2001 and has so far delivered three stages with the fourth underway plus a fifth and final stage in the works.

[smartcode_project_cta: project_id=90553]

Mirvac's much anticipated fourth stage of its $1 billion Waterfront Newstead community – a 25-level building known as Sky Precinct 

jordan_55689

Why owner-occupiers should check out Sky Precinct, Mirvac's latest Quay Waterfront Newstead apartment tower

The coastal&nbsp;suburb of Currumbin is the latest Gold Coast area to see plans lodged for a new apartment development.

Plans have been lodged for Kora, a boutique development of just seven apartments.

The apartments&nbsp;will be built at 798-800 Pacific Parade, facing Currumbin Beach.

The amalgamated 786&nbsp;sqm site, which homed&nbsp;a&nbsp;holiday rental block of apartments&nbsp;called Shoreline and a beach shack, sold together for $5.56 million in December for the first time in six decades.

It was bought by a Sydney-based developer under the name Marquee Flora Pty Ltd, associated with south Sydney builder Raed Bachir.

<img alt="" height="1081" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/kora_currumbin_2.jpg" width="1200" />

The old buildings&nbsp;will be demolished and make way for the new Plus Architecture-designed&nbsp;building which will only span four levels.

There are hints of feature concrete, floor to ceiling glazing and timber look battens.&nbsp;

&ldquo;With a collection of seven premium residences, the planning ensures that all apartments feature unrivalled ocean views with generous internal living and expansive oceasndei balconies that respond to subtropical design ideals&rdquo;, Plus Architecture&rsquo;s description lodged to the City of Gold Coast council suggested.

&ldquo;The rhythmic balcony lines of Kora reflect a pure expression of natural form; leave that brand from the central timber spine and taper to offer a light floating edge&rdquo;.

<img alt="" height="799" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/currumbin_kora_3.jpg" width="1200" />

The Town Planning Report suggested the&nbsp;architectural philosophy paid homage to the traditional &lsquo;timber and tin&rsquo; beach shacks, evoking the relaxed sense of beachfront living, embracing high-quality, sub-tropical design which blends seamlessly into the beachside character of the site and its setting.

On the ground level there&#39;s set to be a communal wellness centre and pool for residents, as well as a&nbsp;beach house apartment with a private terrace and its own pool.

Above will just be two apartments per floor, then crowning the development communal roof terraces.

Due to the new City Plan established in December 2020, the area&nbsp;now has&nbsp;stricter development regulations,&nbsp;with limits keeping developments to either three storeys, or 15 metres high.

Kora will span four storeys, but will just be over 12 metres.

The apartments will be built at 798-800 Pacific Parade, facing Currumbin Beach

Take a look at the new Currumbin apartment development, Kora

<html><body>
The Gold Coast’s best restaurants, boutiques, and cultural institutions are a short walk away from our idyllic Southport location. Choose from an everflowing list of award-winning grocers, cinemas, cafes, malls &amp; restaurants. 

<figure><a href="/new-apartments/rise-on-minnie-23-minnie-street-southport"><img alt="" class="image-article_full_width_580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/rise-on-minnie-23-minnie-street-southport-335b6c71086ff2759fe11cbbeb439720.jpg?itok=Xha2cb5C" style="width: 580px; height: 387px;"></a></figure>Inside Rise on Minnie, you will find beautiful white walls, stone benchtops and expansive living areas that style to your new apartment. Whether you’re at home with your loved ones or hosting a gathering, the modern interior seamlessly enhances your time spent at home; the perfect blend between beautiful design and function. 
 

<figure><a href="/new-apartments/rise-on-minnie-23-minnie-street-southport"><img alt="" class="image-article_full_width_580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/rise-on-minnie-23-minnie-street-southport-60e1a809cc10c64833739d536e19505f.jpg?itok=7u260zbt" style="width: 580px; height: 387px;"></a></figure>Just minutes away from the Gold Coast University Hospital, Griffith University, Gold Coast TAFE and some of the best schools on the Gold Coast including The Southport School and St Hilda’s. You’ll find all you need right outside your door. 
 
</body></html>

New private apartments in Southport carefully designed around improving your quality of life

<html><body>
The latest announced building in Yeronga's luxury Renovaré development, Venusto, has now hit the market, and is eligible for the $15,000 Homebuilder's Grant.

Developed by Gardner Vaughan Group, the third stage of the wider project comprises 33 apartments made up of one, two, three and four bedroom units.

Renovaré has achieved a five-leaf rating of sustainability from The Urban Development Institute of Australia (UDIA) which highlights the features and positive impact on the environment and community.

[smartcode_project:default project_id=7781]

Choose from a range of functional floorplans with a variety of different aspects. Residents will enjoy the stunning central recreation area with heated pool, lush green space, community herb garden, and entertaining facilities with dual BBQ’s, perfect for entertaining family and friends, or mingling with your new friendly neighbours.

Renovaré is the new oasis for people seeking a tranquil and nurturing lifestyle. This stunning new eco-friendly development adjoins the beautiful Fehlberg Park in the desirable suburb of Yeronga.

<figure><a class="colorbox colorbox-insert-image" href="/new-apartments/venusto-172-venner-road-yeronga" rel="gallery-all"><img alt="" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/renovare-yeronga-174-venner-road-yeronga-a91b9dca3eed16ddc4aee90d7c7385d6.jpg?itok=m3H3uovl" style="width: 580px; height: 387px;"></a></figure>Renovaré's five architecturally inspired buildings surround a secluded central pool and recreation area, while perfectly blending in with the surrounding parkland. 

Yeronga is Brisbane's secret sanctuary and one of the most accessible suburbs in the city with The University of Queensland a short 12 minute bike ride from your front doorstep, an 8 minute walk to Yeronga Village Shopping Centre for all your everyday necessities, Yeronga Train Station, the major Indooroopilly Shopping Centre and all of Brisbane's largest hospitals in under a 15 minute drive, culminating the perfect location.

 
</body></html>

$15k HomeBuilder savings at Renovaré Yeronga's third stage, Venusto

<html><body>
EXPERT OBSERVER

For the past 3-4 years, many pundits have forecast that “this year” is the year for Brisbane and the city has not delivered. It has chugged along steadily but there’s been little in the way of major uplift.

But now the Brisbane boom is upon us. Hotspotting research for the upcoming Autumn 2021 edition of The Price Predictor Index shows just how strong markets are across the Greater Brisbane Area.

The number of growth markets in the Greater Brisbane Area has quadrupled since mid-2020, creating the strongest market in the six years of our quarterly surveys. The uplift in sales activity in the past six months has been extraordinary.

[smartcode_project:default project_id=90553]

Our new survey has identified 124 suburbs with rising sales activity, compared to 56 in the previous survey and just 28 in the mid-2020 survey. This means the number of growth suburbs doubled in six months and then doubled again within three months.

The previous best result in the six years of our quarterly surveys was 80 growth suburbs six years ago at the start of 2015.

At the same time, the number of plateau markets is the lowest ever, while the number of declining or danger markets has dropped from 37 eighteen months ago to just five now (we continue to classify some of the inner-city apartment markets as danger markets, with vacancies still high there).

The northern precincts continue to be market leaders in Brisbane. The Brisbane-north precinct and the Moreton Bay Region jointly have 51 growth suburbs, including 31 in the Moreton Bay region, which is a record to any LGA across Australia in the six years of these surveys.

This means that three-quarters of the ranked suburbs in the Moreton Bay Region have rising sales activity, a circumstance that makes strong price highly likely in 2021.

The Brisbane-north precinct, which has 20 growth suburbs, continues to impress as one of the strongest of the city’s sectors.

But the growth momentum is occurring throughout the Brisbane metropolitan area, with Ipswich City in the far south-west an exception.

Logan City in the far south has 17 growth suburbs, providing further evidence of the gathering recovery of markets in this precinct.

Brisbane-south (13), Brisbane-inner (11), Brisbane-easts (12), Brisbane-west (7) and Redland City (8) all have substantial numbers of suburbs with rising trajectories. But Ipswich City, with only five growth suburbs, has yet to feel the positive momentum being felt elsewhere in the Greater Brisbane Area.

It doesn’t surprise, therefore, that Brisbane markets have been performing well on price growth, with three-quarters of suburbs across the metropolitan area recording uplift in their median house prices in 2020.

In the most recent quarter, 76% of suburbs had some level of price growth.

With inner-city apartment markets still struggling with high vacancy rates, growth has been less prolific among the unit markets: 56% of the suburbs with unit markets have had growth in their median unit prices in the past year.

House price growth has been spread across the Brisbane metropolitan area, but the upper end of the market has been leading.

St Lucia in the popular western suburbs has lifted its median house price 36% to $1,525,000, while Yeronga in the inner southern suburbs has grown 38% to $1,045,000. The sough-after inner city suburb of New Farm has increased 20% to $1,750,000, while Highgate Hill is also up 20% to $1,200,000. And the most expensive of the eastern bayside suburbs, Manly, has increased 20% to $945,000.

The housing market in inner Brisbane, in contrast to the apartment market, is generally travelling well. In addition to New Farm and Highgate Hill, West End is up 15%, Woolloongabba 10%, Bardon 8% and Coorparoo 7%.

The western suburbs are doing well, led by St Lucia (36%), Fig Tree Pocket (up 18%), Sherwood (13%) and Toowong (12%). All have median prices above $1 million.

The northern suburbs also are out-performing. Inner northern suburbs with median prices above $1 million are growing, including Grange (14%), Ashgrove (13%), Ascot (8%) and Clayfield (9%).

Further north in the middle-ring suburbs, growth suburbs include Nundah (15%), Banyo (12%), Chermside (14%) and Sandgate (11%), while others like Chermside West, Kedron and McDowall have grown 8-9%. These are places with median house prices in the $600,000 to $800,000 range.

The equivalent suburbs in the south are also displaying solid growth, headed by Holland Park (12%), Tarragindi (10%) and Upper Mount Gravatt (11%). Several others are up 8-9%.

Several outer-ring precincts are also doing well. In the Moreton Bay region in the far north, growth suburbs include Eatons Hill (13%), Caboolture South (8%), Beachmere (9%) and Bellara (7%) – mostly locations with median house prices under $500,000. Given the number of suburbs with rising sales activity, we expect price growth to accelerate in this area.

In Logan City in the far south, Underwood is up 12% to $615,000, while suburbs with medians in the $400,000s and $500,000s are showing solid uplift in the 7-8% range, including Daisy Hill, Loganholme, Shailer Park and Waterford.

Terry Ryder is the founder of hotspotting.com.au

ryder@hotspotting.com.au

twitter.com/hotspotting
</body></html>

For the past 3-4 years, many pundits have forecast that “this year” is the year for Brisbane and the city has not delivered



terryryder

A Brisbane real estate boom, at last: Hotspotting's Terry Ryder

<html><body>
Demand for apartments in the Gold Coast hotpsot Burleigh Heads continues to soar as a surge of interstate buyers is creating a critical shortage of supply, particularly for three bedroom apartments which are being snapped up by downsizers.

That's the view of the local estate agents, who are even seeing old and ageing apartments sell for premium prices.

Adam Young of Burleigh Heads’ Black and Young Real Estate, who has been selling real estate in the area for over three decades, says he has never seen the market in Burleigh so strong.

"Burleigh is the ‘go to’ destination on the Gold Coast as a lifestyle, entertainment and dining precinct and real estate sales are reflecting the suburb’s newfound popularity.

“The market is very strong, driven by interstate migration and downsizers who see apartment living in Burleigh Heads as under-valued given its central location and the national park setting which is not unlike Noosa,” Young says.

"We have swathes of interstate buyers who think we are under-valued, and they are probably right."

Young says the problem in Burleigh is that there are very few three bedroom apartments on the market and those that are put on the market are snapped up very quickly.

“You only have to look at what happened with Spyre Group’s Natura project under construction at Burleigh Heads to see the demand, as they sold 25 apartments our of 33 in one weekend last year.

[smartcode_project:default project_id=27699]

“But the market has gone north since then and people are prepared to pay big dollars to secure three bedders that are rare as hen’s teeth.”

There's also been big money sales away from the new luxury developments. An ageing three bedroom apartment on The Esplanade just sold for $2.5 million, more than $600,000 over its reserve.

There was another unrenovated apartment that sold for $1.5 million off-market.

Burleigh is set for a new development, 88 Burleigh, with Gold Coast development company Allure Property Corporation <a href="/expert-insights/buying/plans-lodged-for-new-burleigh-apartment-development-88-burleigh">lodging plans for the boutique luxury apartment project</a>.

Allure paid $13 million for the 809 sqm site on The Esplanade and have had DBI design the 27 apartment, 17 level tower wrapped in glass.

[smartcode_project:default project_id=92609]
</body></html>

Adam Young of Burleigh Heads’ Black and Young Real Estate says he has never seen the market in Burleigh so strong



Downsizers descend on Burleigh Heads as apartment supply shortage becomes critical

The booming Gold Coast market is seeing apartment developers, flush with a flurry of quick sales, fast-tracking the&nbsp;proposed construction date of their new developments.

Cabana at Palm Beach, the luxury six&nbsp;level absolute beachfront block at 1 Nineteenth Avenue from Ignite Projects, is now expected to commence construction as early as June, having seen 23 of its 34 apartments sell within two weeks of its launch.

They sold for a combined $52 million, an average price of $2.26 million.

The Plus Architect-designed apartment building is now slated for completion in late 2022, rather than early 2023.

[smartcode_project:default project_id=84861]

Now Gold Coast developer Azzura are looking to fast-track construction of the first stage in their $2.3 billion Imperial Square development in Southport.

Part of the project will be a 108-level tower, set to be one of Australia&#39;s tallest buildings.

Azzura have seen over $22.5 million in sales since launching the Regal Residences which comprises 145 apartments and 200 hotel suites in an 18-level tower. 53 of the apartments have sold, with a further 15 reserved by potential buyers.

<a href="/new-apartments/regal-residences-imperial-square-59-73-meron-street-southport"><img alt="" height="1200" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/regal_residences.jpg" width="1200" /></a>

Construction will now start in the coming months, with Azzura reserving a further 15 apartments for exclusive potential buyers.

Azzura&rsquo;s sales director Jason Paris says if apartment sales continue at the current pace, all remining apartments could be sold within the next six to eight weeks.

&ldquo;We&rsquo;ve experienced a solid pace of inquiries for apartments in this debut offering at Imperial Square since January,&rdquo; said Mr Paris.

&ldquo;Local buyers have included a mix of first-home buyers and downsizers, all looking for the lifestyle this central location has to offer.&rdquo;

Interstate buyers account for about half of the sales which have been struck at an average price of $425,000 as buyers take advantage of the project&rsquo;s incredible value.

&ldquo;Many of these buyers have sought a solid investment that will deliver a positive cash flow, which is supported by a shortage of quality properties in central locations on the Gold Coast,&rdquo; said Mr Paris.

&ldquo;Some of the buyers plan to spend the winter months in their Regal Residences apartment and rent it for the rest of the year. Others plan to rent it for two or three years before eventually retiring on the Gold Coast.&rdquo;

Regal Residences presents buyers with a choice of one-, two- and three-bedroom apartments.

Residents will also receive an&nbsp;Imperial Cub membership, including a complimentary stay for a week over five years for a friend or relative in the Regal Residences hotel. Membership includes valet parking and discounted prices at bars and restaurants in the development.

&nbsp;

The booming Gold Coast market is seeing apartment developers, flush with a flurry of quick sales, fast-tracking the proposed construction date of their new developments.



Latest Queensland Property News

A decade in the making: KTQ launches Casilia at Kirra Point

Editor's Picks

Developments

New apartments

New townhouses

News

Latest Queensland Property News

A decade in the making: KTQ launches Casilia at Kirra Point

Editor's Picks

Receive the latest news stories to your inbox

Developments

New apartments

New townhouses

News