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]

Joel Robinson

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

Fresh off completing its Delano Crows Nest development, Lindsay Bennelong has lodged plans for its next project, this time turning its attention back to the beach.

The developer, started 20 years ago by Clarendon Homes founder Peter Campbell, is proposing a 37-apartment scheme at <a href="https://www.apartments.com.au/new-apartments/17-25-ashburner-street-manly-nsw-2095">17-25 Ashburner Street</a>, Manly, positioned between the southern end of <a href="https://www.apartments.com.au/developments/manly-nsw-2095">Manly</a> Beach and East Manly Cove.

Lindsay Bennelong called on local architecture firm Platform Architects to design the new building, given their success at Finn, Lindsay Bennelong's current luxury apartment project on North Steyne.&nbsp;

According to the Design Verification Statement by Bridie Gough of Platform Architects, the proposal “relates to the current context but also the desired future character of taller buildings suitable to the new planning controls.”

The site has been identified as a Low to Mid-Rise Housing (LMR) location, given its position within 400 metres of the Manly Town Centre E1 Business Zone. The LMR controls are intended to unlock additional housing supply in well-located areas close to public transport, allowing developers to seek increased height limits to support greater density.

“The proposal seeks to provide this increased level of housing whilst being respectful of some of the smaller scale buildings also nearby,” the statement reads.

Lindsay Bennelong Development Director Leigh Manser said the project has been carefully aligned with the intent of the LMR controls. The proposal will significantly increase housing yield on the site, replacing four houses and 10 apartments, comprising 25 bedrooms, with 37 new apartments delivering a total of 94 bedrooms, whilst remaining compliant with the LMR controls.

“Sydney is in a severe undersupply, and delivering more dwellings and more bedrooms than what currently exists is exactly what the LMR policy is designed to activate,” Manser said, noting that nine of the apartments will be allocated as affordable housing for frontline workers.

“We have already commenced discussions with our community housing provider to determine the rental levels that frontline workers can realistically afford in this location,” he said. “These will need to sit well below the standard affordable housing benchmark of 20 per cent below market rent, and that has been factored into our feasibility and pricing.”

<img alt="Manly" data-entity-type="file" data-entity-uuid="ad03000f-19f9-48b4-b27d-e85ca800a1da" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-30%20at%208.41.59%E2%80%AFAM.png?VersionId=a.txHwCZgbCInlQ6QXbIrI.umvW1T.r8" />

The design of the building incorporates a wave-like indentation running through the façade, referencing the nearby coastline and anchoring the building within its local context.

The&nbsp;Design Verification Statement says careful consideration has been given to the articulation of the building, ensuring the bulk is broken down to a more human scale through a defined four-storey podium."

The scheme includes a mix of one-, two- and three-bedroom apartments, as well as a full-time building manager's office and wellness facilities including a sauna and a gym.

“The design ensures a high level of amenity, with apartments offering generous private open space, many with expansive views, and all with comfortable proportions."

<img alt="Bennelong" data-entity-type="file" data-entity-uuid="6a7f2812-72a1-4959-84b0-997e8cd88aed" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-30%20at%2010.15.50%E2%80%AFAM.png?VersionId=6iMxU3MkXmHVHAoNhYBjnqgka8CUZNbk" />

<a href="https://www.apartments.com.au/developers/lindsay-bennelong-developments">Lindsay Bennelong</a>&nbsp;is currently developing Finn Manly, just four full-floor luxury apartments on North Steyne. They recently welcomed residents to its 81-unit Delano Crows Nest development, a&nbsp;carefully scaled infill project designed to bridge&nbsp;<a href="https://www.apartments.com.au/developments/crows-nest-nsw-2065">Crows Nest</a>’s lively village centre with its surrounding heritage streets.

Designed by&nbsp;<a href="https://www.apartments.com.au/architects/ajc-architects">AJC Architects</a>,&nbsp;<a href="https://www.apartments.com.au/new-apartments/delano-crows-nest-27-57-falcon-street-crows-nest-nsw-2065">Delano</a>&nbsp;is arranged across three low-rise buildings, incorporating a mix of one, two, and three-bedroom apartments alongside a limited number of townhomes addressing Hayberry Lane. The architectural approach drew on the area’s Art Deco lineage, reinterpreted through contemporary detailing and framed by landscaped communal gardens.

The developer also has a development site in Maroubra.

First look: Lindsay Bennelong's new Manly apartment development revealed

Fifty-nine residences across 37 levels. No more than two per floor. With 80 per cent now sold, what remains at <a href="https://www.apartments.com.au/new-apartments/madeline-by-mosaic-broadbeach-22-mary-avenue-broadbeach-qld-4218">Madeline by Mosaic</a> is a short list.

Madeline was always conceived at a scale that sits outside the normal register of Gold Coast apartment living. The residences are half- and full-floor configurations, with the largest spanning more than 400 sqm, dimensions that place them closer to the penthouse end of the market regardless of where they sit in the building.

That scale is the organising principle of everything else: how the floorplans are laid out, how the materials read, how the connection between inside and outside works.

[smartcode_project:default project_id=150135 project_image_fid=355941]

The interiors were developed in collaboration with <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser &amp; Partners</a>, the architecture practice&nbsp;<a href="https://www.apartments.com.au/developers/mosaic-property-group">Mosaic</a> brought in as design partner for the first time on this project. The palette runs to natural stone, textured timbers, and soft metallics, materials chosen as much for their tactile quality as their appearance.

Light cleverly shifts across surfaces through the day, and the design is explicit about wanting that to be noticed. Full-height glazing runs across the primary living areas, and where the building faces east toward the ocean, those walls of glass are doing real work: framing a view corridor that the site's position directly opposite Broadbeach State School's playing fields keeps permanently open.

That outlook is the site's most consequential asset. In a suburb where new towers continue to rise, a protected view line is genuinely rare, and the Mary Avenue address secures it. Residents at Madeline will look out over open parkland rather than the rear of another building, a distinction that becomes more meaningful with each new development approved nearby.

[smartcode_project:default project_id=150135 project_image_fid=355939]

The private outdoor spaces are sized to match the residences themselves. Terraces on the upper levels frame uninterrupted ocean panoramas, and the planning ensures that living areas extend into those outdoor zones rather than treating them as separate attachments. The flow between the two is part of the design intent, not an afterthought.

Inside, the finish specification reflects the same approach. Rich stone benchtops, warm timber joinery, bespoke hardware, each element specified to hold up over time rather than read as a moment in a particular trend cycle.

[smartcode_project:default project_id=150135 project_image_fid=3409]

Beyond the residences, the amenity offering extends that register. A lap pool and sun deck anchor the outdoor space, alongside a magnesium pool, cold plunge, steam room, and sauna.

A commercial-grade gymnasium, residents' lounge, library, and boardroom round out a programme that functions more like a private members club than a standard building amenity floor.

Construction has commenced under Mosaic's in-house building arm, with completion scheduled for late 2028.

[smartcode_project_cta:default project_id=150135]

Madeline by Mosaic delivers penthouse-level living across every apartment

Developer Fortezza Group is the latest to take its new apartment development, <a href="https://www.apartments.com.au/new-apartments/the-belvedere-5-7-church-street-nelson-bay-nsw-2315">The Belvedere in Nelson Bay</a>, to the NSW Government.

Fortezza, predominantly a South East Queensland developer, is the latest to apply for State Significant Development&nbsp; status through the NSW Government's Housing Delivery Authority, a pathway becoming favoured by developers to speed up the approval process.

They are planning 57 two- and three-bedroom apartments across 5-7 Church Street and 42 Donald Street, near d'Albora Nelson Bay Marina. The diverse apartment mix has sizes from just over 80 sqm to the largest three-bedroom penthouses that reach nearly 200 sqm.

<img alt="Fortezza" data-entity-type="file" data-entity-uuid="090360e1-66d7-43ad-b686-aba81f173bf2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-29%20at%2010.22.40%E2%80%AFAM.png?VersionId=DMqF96eBZolqSAAAcugX0l66ueWng66m" />

Fortezza calls the project a "piece of Istria in Nelson Bay,"&nbsp;referring to the largest peninsula in the Adriatic Sea, shared by Croatia (90%), Slovenia, and Italy, which is known for its Roman history, Venetian-style coastal towns and inland hilltop villages.

They say the The Belvedere is strategically positioned at the apex of Nelson Bay, offering unrivalled views of the ocean, the bay and captivating topography of the area.

"Our commitment to maintaining the integrity of every view and sight line has been relentless," Fortezza Group says.

"Through extensive modelling and analysis, we ensure that each apartment enjoys the natural beauty of Nelson Bay, regardless of future developments. Each design element is carefully curated to harmonise with our European heritage, drawing profound inspiration from the Roman architectural marvels in Istria. The arches, the cascades of greenery and the stonework that define our project pay homage to the structures that once exemplified Roman grandeur."

Residents will have access to a pool, communal green spaces, an office and a coffee shop.

First look: Fortezza Group takes The Belvedere, Nelson Bay apartment development, to NSW Government

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

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Paradise Point is the most expensive locality in Queensland to purchase a house, according to Investar’s latest report.
The property investment firm says that houses in Paradise Point has a median price of $2.55 million.
This is followed by Surfers Paradise with $2 million and Broadbeach Waters with $1,595,000.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="106">
Suburb
</td>
<td valign="top" width="64">
Postcode
</td>
<td valign="top" width="70">
Bedrooms
</td>
<td valign="top" width="122">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="106">
Paradise Point
</td>
<td valign="top" width="64">
4216
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$2,550,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Surfers Paradise
</td>
<td valign="top" width="64">
4217
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$2,000,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Broadbeach Waters
</td>
<td valign="top" width="64">
4218
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,595,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Mermaid Beach
</td>
<td valign="top" width="64">
4218
</td>
<td valign="top" width="70">
4
</td>
<td valign="top" width="122">
$1,560,500
</td>
</tr>
<tr>
<td valign="top" width="106">
Clear Island Waters
</td>
<td valign="top" width="64">
4226
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,490,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Sunshine Beach
</td>
<td valign="top" width="64">
4567
</td>
<td valign="top" width="70">
4
</td>
<td valign="top" width="122">
$1,462,500
</td>
</tr>
<tr>
<td valign="top" width="106">
Benowa
</td>
<td valign="top" width="64">
4217
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,400,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Hope Island
</td>
<td valign="top" width="64">
4212
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,399,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Bulimba
</td>
<td valign="top" width="64">
4171
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,362,500
</td>
</tr>
<tr>
<td valign="top" width="106">
Runaway Bay
</td>
<td valign="top" width="64">
4216
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,300,000
</td>
</tr>
</tbody></table>
 
</body></html>

j.ballantyne1990-6AQqhLzZaK

Paradise Point the most expensive Queensland locality to purchase a house: Investar

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<div class="column">
Residential property developer Choice Homes believe the next residential hotspot for the Gold Coast will be in the northern areas, with land sales around the decade-long Coomera Town Centre project.
</div>
<div class="column">
Stage 1 of the development features a major shopping precinct, activity centres and transit hub. 
The developer has sought to expand stage one to include cinemas. 
The expansion of stage one could potentially create an additional 100 jobs. 
The $390 million Gold Coast International Marine Precinct will also be a boon for the Gold Coast and a key pillar in the city’s economy, Choice Homes noted in their recent <a href="https://www.choicehomes.com.au/marketupdates/" target="_blank">report</a>. 
</div>
According to the Valuer-General’s 2017 Property Market Movement report, Choice Homes noted the residential land on the Gold Coast has increased by 8.5% over the past year to $320,000.
There have been significant increases in some market sectors and localities since its last evaluation resulting in the land value increases, according to Queensland’s valuer-general Neil Bray.
Gold Coast director for property valuation and advisory business Herron Todd White Tod Gillespie commented that although the valuations confirmed that Gold Coast’s property market is growing stronger, it does not reflect the market value of the area.
“There is still some disparity between market value and government site value and if you could buy land at some of the sites valued there would be a rush of buyers,” he said.
Meanwhile REIQ Gold Coast zone chairman John Newlands says that northern NSW buyers should look towards place such as Coolangatta for affordability as well as predicting that there will be more growth on the northern region of the Gold Coast area.
“The northern corridor including Hope Island and Coomera is also something to watch,” he says.
“We are starting to see other industries apart from tourism and construction firing in their own capacity — film making, the medical and education industries are giving the Coast more depth and with the depth comes more jobs.”
What happens on the Coast is the professionals go to major cities for jobs and we lose a lot of talent,"
He also commented that Gold Coast’s ‘boom and bust’ reputation was starting to diminish due to other industries expanding.
CoreLogic has also reported in March that Gold Coast’s property market price has hit a record-high of $600,000 revealing that house prices increased by 6.2% over the past 12 months to December 2016 and 21.2% over three years.
This surpasses Brisbane’s $85,000 and is just $25,500 short of Melbourne’s median price while Sydney continues to dominate other localities with $905,000.
</body></html>

Gold Coast residential land values continue to grow: Choice Homes

<html><body>
Toowoomba continues to offer affordable options for first time buyers with a large supply of product on the market, steady investor interest and land developments benefiting affordability, according to HTW’s Month in Review: March 2017. 
The valuation firm says land development in the western suburbs, including Glenvale and satellite suburbs such as Wyreema and Cambooya, have offered affordable land or house and land packages for first time buyers.
“Some new developments in the western suburbs have introduced small lots, which may be attractive to first time buyers because of their lower price points than traditional sized lots,” the report says.
“This has been enhanced by the current low interest rates, developer land rebate offerings and $20,000 first home owner grant available until 30 June 2017.”
An oversupply in some areas has resulted in price reductions across older established properties in the sub $400,000 market, significantly reduced asking rents and increased vacancy rates up to around 4%.
“First time buyers should consider all avenues such as an existing property in an older established area,” HTW says.
“An older, possibly smaller property in need of some [care] could present an opportunity for a first time buyer to get a foot in the door of the property market at a much lower price than a brand new larger house in a newly developed area.
“Many of these properties are located in suburbs close to the CBD.
“The first time buyer could potentially build capital with future improvements.”
A three bedroom house at <a href="https://www.realestate.com.au/property-house-qld-north+toowoomba-124983914" target="_blank">149 Jellicoe Street</a>, North Toowoomba (above) has been listed for $239,000.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/property-house-qld-north+toowoomba-124373914" target="_blank">10 Raff Street</a>, North Toowoomba (below) has been listed for over $319,000.
<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/2017/03/15/10%20Raff%20Street.jpg" alt="">
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jonathanchancellor-7SQnKwU6yx

Oversupply increasing affordability for Toowoomba first home buyers: HTW

<html><body>
Bundaberg’s residential market for both houses and units has remained flat with a slight reduction in values over the past 12 months with overall confidence being subdued, according to HTW’s February 2017 update.
The valuation firm says sales data indicates a contraction in the number of sales making it a buyer’s market at present. The rental vacancy rate has reduced from 6.3% to 4.5%.
“The Bundaberg economy has had a $10 million injection with the Bundaberg Sports and Community Centre and the Rubyanna Wastewater Treatment Plant being built,” the firm says.
“The Knauf Plasterboard manufacturing plant at the port is still under construction.
“As these developments progress, confidence in the market should lift throughout 2017.
“This year with confidence improving, we believe that we are in for some positive movements.”
A three bedroom house at <a href="https://www.realestate.com.au/property-house-qld-bundaberg+south-124529446" target="_blank">2 Wyper Street</a>, Bundaberg (above) has been listed for sale for $249,000.
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Bundaberg a buyers' market: HTW

<html><body>
2017 is predicted to track much the same as 2016 for the northern Gold Coast market, according to HTW’s February 2017 update.
The valuation firm says strong infrastructure investments, including the recent upgrade of Exit 54 and the scheduled commencement of construction of Westfield’s Coomera Shopping Centre, should ensure that demand from both investors and owner occupiers remains strong.
Coomera is a suburb that could be worth watching throughout the year, the report says.
Property types vary from semi-modern two-bedroom units starting in the mid $200,000s to prestige canal front dwellings achieving prices up to $1.8 million.
Coomera Waters is the premier estate in this suburb and is favoured by owner occupiers.
“Rental demand is likely to remain steady to strong with the construction workforce required to complete the impending shopping centre likely to look for accommodation nearby,” HTW says.
“Additionally, the adjoining suburb of Pimpama is likely to experience a flow on effect.”
Pimpama is largely dominated by investment stock, with many new estates either under construction or nearing completion in 2016.
“With such large quantities of rental properties coming on to the market there is a chance of an oversupply if the new stock is not leased within a reasonable letting period.
“Unfortunately, the majority of these house and land packages are sold to investors at rates above market value, which in turn can lead to the purchaser experiencing a loss if the property has to be sold.
“With there being very little difference aesthetically between these investment properties, prices can drop significantly if a large number are to come on to the market at the same time.”
A four bedroom house at <a href="https://www.realestate.com.au/property-house-qld-coomera-124382722" target="_blank">10 Cherry Court</a>, Coomera (above) has been listed for $558,000.
Similarly a five bedroom house at <a href="https://www.realestate.com.au/property-house-qld-coomera-124645246" target="_blank">3 Paradise Drive</a>, Coomera (below) has been listed for $579,000.
<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/2017/02/22/3%20Paradise%20Drive.jpg" alt="">
</body></html>

New infrastructure to boost Gold Coast's Coomera: HTW

<html><body>
HTW predicts that the residential property market for the Southern Gold Coast and Tweed areas will continue to improve slightly throughout 2017, according to its February 2017 update.
The valuation firm says at present it is quite common for a property to be sold within its first three weeks on the market and, more often than not, properties are attracting multiple offers from multiple parties within this timeframe.
“This shows demand is currently outweighing supply which in turn is pushing values upwards,” the report says.
“Prices and values have been on an upward spiral since 2012 and this looks set to continue unless demand steadies and the supply of properties to the market increases.”
Housing in affordable locations such as Murwillumbah and Elanora have seen dramatic increases within the past six months.
Entry level housing in Murwillumbah has increased from approximately $300,000 to around $325,000 to $340,000 within the past six to nine months.
Elanora has also seen an increase in entry level housing from $475,000 to $550,000 since the beginning of 2016.
“Palm Beach has been a strong performer for the past three to four years and also looks to continue to improve with a number of new residential developments planned along with new restaurants, cafes and bars to be opened in 2017,” HTW says.
“An entry level house in Palm Beach is now mid $600,000, whereas the same style of product could have been purchased for mid $400,000 at the bottom of the market in 2011 and 2012 showing an increase of possibly up to or around 150%.
A four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-palm+beach-123752682" target="_blank">57 Twenty Fifth Avenue</a>, Palm Beach (above) was recently sold for $700,000.
“This market continues to perform strongly and there are no signs of it easing off.
“If anything 2017 has started stronger than the last six months of 2016.”
Other than new residential developments coming on line, there is not a great deal of infrastructure planned for the southern Gold Coast.
However talk that the plans to extend light rail to the airport are being brought forward which will more than likely have short term negative effects with roadworks, road closures and resumptions, HTW says.
“However long term it will benefit and complement the area by connecting the airport and central and northern areas of the Gold Coast with a lot more ease than available at present.”
</body></html>

Entry level southern Gold Coast property skyrocketing: HTW

<html><body>
The Central Highlands region is starting to look a lot more positive off the back of rising coal prices and increased employment opportunities in the region, according to HTW’s February 2017 update.
The valuation firm says Moranbah is leading the charge with a jump in value up to 20% over the past three months for some market segments.
Clermont is coming second and Emerald in third place where a jump of $20,000 in some segments and movement in some price ranges where there was no activity.
“While coal prices stay up or continue to rise history shows it drives employment and values begin to firm,” HTW says.
“It may surprise some but it’s been five years since the downturn started.”
In 2016, values levelled and 2017 has started off with level to firming values, renewed confidence and employment opportunities.
The Adani project has not commenced construction, but if it does, what is already a strengthening mining sector could see a significant spike in values, HTW says.
“How far values will rise all depends on the strength of local employment generated from the resource sector, but for now it appears we are on the upward property cycle.
“Many say we will never again see the prices experienced in the last boom which peaked in 2011 and 2012 and proved to be unsustainable.
“Are we at the start of a small upward cycle or a big boom? Only time will tell as our market is very sensitive to the coal market which drives our employment.”
A four bedroom house at <a href="https://www.realestate.com.au/property-house-qld-moranbah-124575214" target="_blank">11 Menzies Court</a>, Moranbah (above) has been listed for $345,500.
Similarly a three bedroom unit at <a href="https://www.realestate.com.au/property-unit-qld-moranbah-124581402" target="_blank">2/22 Maitland Street</a>, Moranbah (below) has been listed for $189,000.
<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/2017/02/20/2_22%20Maitland%20Street.jpg" alt="">
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Moranbah and Emerald may be on the cusp of new boom: HTW

<html><body>
The Sunshine Coast property market finished 2016 pretty well with sale volumes for the year being strong and in some areas exceeding our expectation of the growth in values, according to HTW’s February 2017 update.
The valuation firm says growth within the residential property market on the Sunshine Coast is expected to continue this year with a number of factors likely to fuel demand for housing.
"Dwelling sales within the coastal corridor between Maroochydore and Caloundra, particularly the sub $700,000 price range, are expected to continue with increased demand as a result of the much anticipated opening of the Sunshine Coast University Hospital," the report said.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-qld-maroochydore-123728370?listingType=buy" target="_blank">69 Awinya Lane</a>, Maroochydore (above) has been listed for $729,000.
Similarly a five bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-caloundra-122311238" target="_blank">5 Beausang Street</a>, Caloundra (below) was sold for $750,000.
<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/2017/02/20/5%20Beausang%20Street.jpg" alt="">
“The opening is expected to continue to improve market sentiment, particularly along the southern coastal strip between Maroochydore and Caloundra,” HTW says.
“This is also expected to have a major impact on the rental market within these areas.”
Construction within the Maroochydore CBD has commenced and once completed will provide a business and entertainment hub for residents and tourists alike.
The expansion of the Sunshine Coast airport and runway extension has had federal government funding approved with the private partnership yet to be announced.
 Once completed independent assessments value the economic benefit of the upgrade at $4.1 billion in the 20 years after it opens.
The northern coastal areas of the Sunshine Coast and the prestige markets in the Noosa area are expected by HTW to continue to see some growth throughout 2017.
“The strong markets and confidence of Sydney and Melbourne and more locally Brisbane areas are having a direct positive impact in the area,” the report says.
“Units are predicted to lag behind the housing market throughout 2017, however stock levels of all types of property are expected to remain relatively low which will place upward pressure on prices in some areas.
“The majority of residential development particularly in the new larger estates is primarily targeted towards the entry level market with residential lots getting smaller to improve affordability.
“2016 also saw a large increase in investor product in new estates, particularly the introduction of dual key dwellings comprising an attached one or two bedroom unit.
“The resale market for this type of product is still relatively untested with limited sales through local agents occurring in 2016.”
A significant portion of new house and land packages within these estates has also been marketed and sold to investors, both local and interstate, HTW says.
“The main concern in future is the balance between the number of owner occupiers and investors.
“Also the APRA policy to curb investment lending will continue to have an effect on the Sunshine Coast market. “
</body></html>

New hospital behind a rise in Caloundra and Maroochydore prices: HTW

<html><body>
While the Gladstone market has been declining for the past four to five years, it all seemed to come to a head in 2016, according to HTW’s February 2017 update.
But the valuation firm says despite the years of negative publicity regarding the Gladstone market, the past few months have heralded many positives.
“We are no longer all doom and gloom and it is unlikely that values will drop any further,” the report says.
“Yes, it appears we have hit the bottom of the market!”
There have been significantly increased sales and leasing activity especially in the bottom end of the market and rental levels appear to have stabilised for most market sectors, the firms notes.
The affordability of property in the Gladstone region is the key driver at present with value levels at the lowest they have been in over a decade.
“We are seeing more and more transactions that represent very good value for money.
“Most established housing products are worth below replacement cost which has definitely been a factor in the increased activity.
“While this is good news for the established housing sector, the trend in new construction activity is still declining as in most cases it is cheaper to purchase an existing modern home than it is to buy land and build.”
While the Gladstone market has been declining for the past four to five years, it all seemed to come to a head in 2016, according to HTW’s February 2017 update.
But the valuation firm says despite the years of negative publicity regarding the Gladstone market, the past few months have heralded many positives.
“We are no longer all doom and gloom and it is unlikely that values will drop any further,” the report says.
“Yes, it appears we have hit the bottom of the market!”
There have been significantly increased sales and leasing activity especially in the bottom end of the market and rental levels appear to have stabilised for most market sectors, the firms notes.
The affordability of property in the Gladstone region is the key driver at present with value levels at the lowest they have been in over a decade.
“We are seeing more and more transactions that represent very good value for money.
“Most established housing products are worth below replacement cost which has definitely been a factor in the increased activity.
“While this is good news for the established housing sector, the trend in new construction activity is still declining as in most cases it is cheaper to purchase an existing modern home than it is to buy land and build.”
But the firm warns that while Gladstone may be at the bottom of the market, it is likely to take a while for us to see any uplift in values.
“The Gladstone region vacancy rate still sits at approximately 8% indicating there is still an oversupply of product.
“The vacancy rate is slowly dropping however until it is at least halved, there is unlikely to be any pressure put on the rental market and rental levels.”
A three bedroom house at <a href="https://www.realestate.com.au/property-house-qld-telina-124533194" target="_blank">59 Witney Street</a>, Telina (above) has been listed for $307,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/property-house-qld-new+auckland-117979307" target="_blank">46 Cockatoo Drive</a>, New Auckland (below) has been reduced to $309,000.
<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/2017/02/20/46%20Cockatoo%20Drive.jpg" alt="">
</body></html>

Gladstone finally at the bottom of the market: HTW

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There are signs the worst may be behind the Mackay residential market with indications prices may be stabilising, according to HTW’s February 2017 update.
The valuation firm says there was an increase in sales volumes throughout the back end of 2016, rental vacancies fell throughout the year and a general sense of optimism returned to the Mackay economy.
Prices for metallurgical coal rose in late 2016, the mining sector started to show signs of strengthening and Adani’s Carmichael Coal project is getting closer to construction.
Other infrastructure projects in and around Mackay include the Mackay Ring Road Project, Eton Range Bypass and Vines Creek Bridge with construction commencing this year.
Other small projects include a new fire station in Mackay city and upgrades to the Mackay showgrounds.
HTW says all of these and other smaller projects will increase employment opportunities and benefit the entire Mackay economy.
However, the firm cautions that the Mackay residential market isn’t expected to show any real signs of improvement in terms of value in the first half of 2017.
“We think there will be a consolidation of values during this time and that sales volumes will continue to be strong in early 2017,” the report says.
“The key to any movement in values will be buyer sentiment.
“There has been negative buyer sentiment in Mackay over the past few years.
“We have seen this sentiment start to change during the last half of 2016, leading to higher sales volumes across the residential market, albeit at value levels not seen in Mackay in over 10 years.
“This is seen as a possible predictor that the market has reached the bottom.”
A three bedroom house at <a href="https://www.realestate.com.au/property-house-qld-mackay-124597310" target="_blank">18 Keats Street</a>, Mackay (above) has been listed for over $249,000.
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/property-house-qld-mackay-124472694" target="_blank">6/331 Shakespeare Street</a>, Mackay (below) has been listed for $149,000.
<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/2017/02/20/6_331%20Shakespeare%20Street.jpg" alt="">
</body></html>

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