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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The number of Cairns homes that sold in the year to November 2014, was 5% higher over the 12 month period, according to CoreLogic RP Data.
The majority of the rise was attributed to the increase in units that sold over the year.
House sales were 1% higher over the period, while unit sales were up 12% year on year.
Cairns home values have increased over the year, up 5.8% for houses and 3.0% for units, while since December 2009, house values are only 1.2% higher and unit values have fallen by 6.9%.
Rental yields have fallen slightly over the 12 months to December, however they still remain relatively strong at 5.5% for houses and 7.1% for units. 
Click to open in new window:
<a href="/images/2015/03/16/carins-mar-16-one.jpg" target="_blank"><img src="/images/2015/03/16/carins-mar-16-one.jpg" alt=""></a>
Source: CoreLogic RP Data
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po-LsXgBTHBmX

Cairns home sales rise, but yields fall: CoreLogic RP Data

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Home values across the Wide Bay-Burnett region increased by 0.5% for houses and 3.8% for units over the year to December 2014, according to CoreLogic RP Data.
The Wide-Bay Burnett region includes the Fraser Coast region, Gympie, South Burnett, North Burnett and Bundaberg. 
Over the past three years, capital growth across the region has been somewhat lacklustre with values having only appreciated by 2.7% for houses and 1.2% for units since December 2011.
The number of homes that sold across the region fell -2% over the 12 months to November 2014, however sales volumes are currently 3% higher than the five year average.
On average, homes across the region are taking upwards of three months to sell from when they are first being listed indicating the lack of demand across the market. 
The Wide-Bay Burnett region was named <a href="/news/qld/queenslands-wide-bay-burnett-region-one-of-australias-top-buyers-markets">one of the Australian property markets that most favoured buyers over sellers</a> by the Commonwealth Bank and CoreLogic RP Data in their latest Home Buyer's Index.
Click to open in new window:
<a href="/images/2015/03/16/wide-bay-mar-16-one.jpg" target="_blank"><img src="/images/2015/03/16/wide-bay-mar-16-one.jpg" alt=""></a>
Source: CoreLogic
Photo: Public domain.
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Wide Bay-Burnett home values grow slightly over 2014: CoreLogic RP Data

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The Wide-Bay Burnett region of Queensland was named one of the Australian property markets that most favoured buyers over sellers by the Commonwealth Bank and CoreLogic RP Data in their latest Home Buyer's Index.
The area came just behind Tasmania's Mersey-Lyell in the list of the top five buyers' markets, which is based on the number of properties listed on the market compared to the number of loans the Commonwealth Bank has signed in the same period.
The Wide-Bay Burnett region, which includes the Fraser Coast region, Gympie, South Burnett, North Burnett and Bundaberg, has experienced a somewhat depressed economy in recent years, affecting property prices. Gross Regional Product (GRP) <a href="https://lawrenceconsulting.com.au/localeconomy/widebayburnett/wbb" target="_blank">contracted across all of Wide Bay-Burnett</a> between 2012-13 and 2013-14, by 7.4%. The downturn was felt most severely in North Burnett, where GRP Dropped by 8.2% over the year. GRP per capita across Wide Bay-Burnett was $42,123 for 2013-14, well below the Queensland-wide GRP per capita of $63,361 and the national Gross Domestic Product per capita of $67,415.
The income gap between Wide Bay-Burnett residents and the rest of Queensland, and Australia, increased in the last financial year, as shown below.
<img src="/images/2015/04/02/Picture%2042.png" alt="">
<a href="https://lawrenceconsulting.com.au/localeconomy/widebayburnett/wbb" target="_blank">Source: Lawrence Consulting</a>
Similarly, the region's unemployment rate is higher than the state's, at 8.8% compared to 6.2% for the 2014 September quarter.
<a href="https://www.realestate.com.au/property-house-qld-bundaberg+east-119017263" target="_blank">7 Killara Court in Bundaberg East</a> sold earlier this month for $295,000, the same price the vendors paid in October 2009. When the house traded before that, buyers paid $257,500 for the house in 2006, reflecting 14% price growth over nine years.
The home's performance on the market over the last nine years was significantly slower than it had been in the past. In 2002, buyers paid $126,000 for the home, selling it four years later in 2006 for $121,000 (96%) more.
The house was used as an investment property from 2008, with an advertised rent in January 2013 of $320 per week. Assuming its rent hasn't increased since that date, it sold this year at a 5.6% yield.
<a href="https://www.realestate.com.au/property-house-qld-mundubbera-105050435" target="_blank">21 Wilson Avenue, Munduberra</a>, which is in the North Burnett region, is currently available to purchase with a price guide of $240,000. The investment property currently returns $160 per week. If it sells at its advertised price, the three bedroom house will yield 3.4%.
The vendors have been trying to shift the house for quite some time - according to CoreLogic RP Data's records, it's been on the market since July 2008. They paid $8,250 for the property in 1990.
In North Burnett's East Tinana, <a href="https://www.realestate.com.au/property-house-qld-tinana-113721347" target="_blank">154 Iindah Road</a> is for sale. The four bedroom house on 2.4 hectares is listed for $389,000. It is worth noting that many of the properties listed in the Wide-Bay Burnett region are land sites, not existing dwellings.
Photo of Bundaberg: Public domain.
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jrichardson-uRX5hFdKfN

Queensland's Wide Bay-Burnett region one of Australia's top buyers' markets

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Research firm SQM Research has released its top 10 most affordable properties in Brisbane. All are located within 30 kilometres of the Brisbane CBD, and all cost less than $300,000.

Predictably, almost all on the list are units, and all have been discounted. The first on their list, <a href="https://www.realestate.com.au/property-unit-qld-zillmere-118756355" target="_blank">1/368 Zillmere Road</a> in the northern suburb of Zillmere, has had its price cut by 32%, from $329,000 to $225,000.

<a href="https://www.realestateview.com.au/Real-Estate/136-granard-road-archerfield/Property-Details-buy-residential-8284800" target="_blank">136 Granard Road in Archerfield</a> (pictured above) has been on the market for the longest time, and was listed 2,022 days ago – that's five years ago. In that time, the vendors have discounted its asking price by 18%, from $330,000 to $269,000.

The three bedroom house on a 607 square metre plot is currently rented at $325 per week. If the home sells at $269,000, it will reflect a 6.3% yield. The vendors paid $267,500 for the house in 2007.

SQM Research's top 10 most affordable Brisbane properties:

<ul>
<li>1/368 Zillmere Road, Zillmere</li>
</ul>
Initial asking price: $329,000 
Now asking: $225,000 
Reduction: 32% 
Days on market: 85

<ul>
<li>1-12 McBain, Kallangur</li>
</ul>
Initial asking price: $280,000 
Now asking: $239,990 
Reduction: 14% 
Days on market: 273

<ul>
<li>1/69 Ormadale Road, Yeronga</li>
</ul>
Initial asking price: $299,000 
Now asking: $250,000 
Reduction: 16% 
Days on market: 469

<ul>
<li>136 Granard Road, Archerfield</li>
	<li>Initial asking price: $330,000</li>
</ul>
Now asking: $269,000 
Reduction: 18% 
Days on market: 2,022

<ul>
<li>43/32 Blyth Road, Murrumba Downs</li>
</ul>
Initial asking price: $347,000 
Now asking: $269,000 
Reduction: 22% 
Days on market: 155

<ul>
<li>12 Woods Court, Bellbird Park</li>
</ul>
Initial asking price: $329,000 
Now asking: $276,500 
Reduction: 16% 
Days on market: 85

<ul>
<li>Lot 24/113 Castle Hill Drive, Murrumba Downs</li>
</ul>
Initial asking price: $319,000 
Now asking: $279,000 
Reduction: 13% 
Days on market: 267

<ul>
<li>2/154 Goodfellows Road, Murrumba Downs</li>
</ul>
Initial asking price: $315,000 
Now asking: $297,995 
Reduction: 11% 
Days on market: 351

<ul>
<li>29/18 Holmes Street, Toowong</li>
</ul>
Initial asking price: $320,000 
Now asking: $280,000 
Reduction: 13% 
Days on market: 182

<ul>
<li>10905 8 Harbour Road, Hamilton</li>
</ul>
Initial asking price: $365,000 
Now asking: $290,000 
Reduction: 21% 
Days on market: 623

<h2>QLD properties selling now:</h2>

[smartcode_project:default project_id=26730]

[smartcode_project:default project_id=90553]

[smartcode_project:default project_id=22057]
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10 Brisbane properties under $300,000: SQM Research

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Townsville's residential property market is currently at the "start of recovery phase", according to Herron Todd White's March Month in Review report.
The northern Queensland city was once touted as a hotspot, with both Australian Property Investor and Your Investment Property <a href="/expert-insights/buying/of-15-000-suburbs-21-rise-to-the-top-as-worth-a-look-for-investors">both naming Townsville</a> in their annual respective Hot 100 and Top 100 lists in 2011. But a sharp economic downturn quelled enthusiasm for Townsville's property market as unemployment rose.
Now, the valuation firm Herron Todd White is cautiously optimistic about the market. The real estate agency predicts that the recent interest rate cut is unlikely to have a great affect on the sluggish market.
"Over the past 12 months on the back of record low interest rates and subdued market conditions, activity remained slow and we believe that the most recent cuts in interest rates will provide little stimulation at a local level with economic factors still being the main driver of our market," says the report.
However, the agency advises that it is currently "a good time to buy" in Townsville, given low median prices and low interest rates. According to the Real Estate Institute of Queensland (REIQ), Townsville's median house price was down 5.6% in the September quarter to $340,000, with a 27% increase in sales activity.
<a href="https://www.realestate.com.au/property-house-qld-bohle+plains-118955947" target="_blank">5 Fulford Annex</a>, in the outer eastern Townsville suburb of Bohle Plains, sold for $331,000 earlier this month. The three bedroom house on a 520 square metre corner plot overlooks parklands and comes with a garden shed and side access (pictured below).
<img src="/images/2015/03/26/bohle%20plains%20mar%2025%20one.jpg" alt="">
The vendors made a loss on the sale, paying $350,000 in November 2011. They attempted to sell it once before, in early 2014. The property spent 61 days on the market, with its asking price reduced to $355,000, before the vendors pulled the listing. When it returned to the market in late January this year, its price guide had dropped further, to $349,000.
The house had been used as an investment property, and was last advertised to rent at $340 per week, in April 2014. Assuming the rent has remained constant, the property sold at a yield of 5.1%.
While the vendors of <a href="https://www.realestate.com.au/property-house-qld-kelso-118785147" target="_blank">17 Janelle Street in Kelso</a> (pictured below) did not make a price loss on the sale of the house, its growth has been subdued over their nine years of ownership.
<img src="/images/2015/03/26/kelso%20mar%2025%20one.jpg" alt="">
They paid $310,000 for the four bedroom, two bathroom house in 2006. It sold for $322,000 in January this year, reflecting just 3.9% price growth in nine years.
In the September quarter of 2014, units and townhouses had a median price of $251,750, down 6.8% from the previous period. Units did not see the escalation in sales activity that Townsville's house market did in the same period, with sales activity down 6.8% for the quarter.
The price of <a href="https://www.realestate.com.au/property-apartment-qld-south+townsville-118434571" target="_blank">402/2 Dibs Street in South Townsville</a> has steadily declined since it was purchased in June 2007 for $355,000. When investors bought the property in September 2011, they paid just $300,000 – a 15.5% price drop. At its sale earlier this month, it traded for $255,000 – down another 15% from its 2011 price and $100,000, or 28%, from its 2007 price.
<img src="/images/2015/03/26/townsville%20mar%2025%20one.jpg" alt="">
Its advertised rent has also dropped, from $400 per week throughout 2013 to $350 per week in May 2014. At that rental rate, it sold at a 7.1% yield.
The "economic factors" cited by the Herron Todd White report include "lingering high unemployment levels" and doubts over job security, which continue to hinder the market despite surrounding "positive vibes". While Townsville is widely regarded as being less exposed to volatile single-industries as some other regional Queensland towns, its economy still suffered last year over a range of industries. Data released in July 2014 showed Townsville had the highest unemployment rate in Queensland, at 10.5%. At the time, regional economist <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2014-07-18/townsville-records-qlds-highest-jobless-rate/5606418" target="_blank">Colin Dwyer told the ABC</a> there were many factors contributing to the poor employment factors:
"That is more likely to be ... structural issues within the regional economy and that's likely to be in the areas of construction, likely to be in the areas of transport, likely to be in the areas of mining and also agriculture, so it's not a single item that's contributing to the high unemployment rate," Dwyer said.
In September, Local Government, Community Recovery and Resilience Minister <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2014-09-19/townsville-jobs-disappear-amid-perfect-storm-of-economic-factors/5751132" target="_blank">David Crisafulli told the ABC</a> that the economy was suffering under a "perfect storm" of factors.
Since then, Townsville's economy appears to have improved, perhaps indicating the beginning of a recovery, as identified by Herron Todd White. Figures released in February show Townsville's unemployment rate is now at 8.0%, with areas like Cairns and Mackay showing weaker employment figures.
As for Townsville buyers most likely to benefit from the current "depressed market" and low interest rates, Herron Todd White believes it is those who already have money saved, including investors. According to the REIQ, though the Townsville rental market remained "weak", with a 4.7% vacancy rate, it was steady, while vacancy rates in many other Queensland regions, including Cairns, were increasing.
Currently, this three bedroom Queenslander in Garbutt, at <a href="https://www.realestate.com.au/property-house-qld-garbutt-408504651" target="_blank">45 Chandler Street</a>, is being offered with the first week rent free (pictured below).
<img src="/images/2015/03/26/garbutt%20mar%2025%20one.jpg" alt="">
The advertised rent for this investment property has decreased from $575 per week in December 2010 to $500 per week in September 2012, down to the currently advertised $450 per week.
The owners paid $461,000 for the house in 2008. If they can secure a tenant at the currently advertised rate, it will reflect a rental yield of 5.07%. In 2010, it was yielding 6.49%.
SQM Research has tracked an escalation in Garbutt's vacancy rate from mid-2012.
<img src="/images/2015/03/25/Picture%2022.png" alt="">
<img src="/images/2015/03/25/Picture%2023.png" alt="">
While low interest rates currently on offer may entice some investors, Herron Todd White observe that it's the local economy, not interest rates, which will have the biggest effect on Townsville's recovering market.
"Overall the impact of low interest rates is not currently having any dramatic impact on the market, and until our local economic conditions improve, this is likely to remain the status quo", reads the report.
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High unemployment "remains a restraint" for Townsville market: Herron Todd White

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The Real Estate Institute of Queensland (REIQ), unlike its sermonising counterpart in Western Australia, tends not to tell the public what to think about local markets. It just publishes the figures and leaves it to consumers to make their own assessments.
Its latest quarterly Market Monitor is revealing about places that are doing well and those looking a bit pale.
The research figures confirm that Brisbane is rising and that some of the municipalities that make up the Greater Brisbane Area did particularly well in the most latest quarter.
The figures show that regional Queensland has struggled generally over the past five years, but many cities sent out strong recovery signals last year.
That, however, excludes the regional cities saturated by developer excess, like Gladstone and Mackay. And it also excludes the Gold Coast apartment market, which still has numbers that would make a prudent investor cautious.
The REIQ figures suggest Brisbane City (the LGA, not the metro area) house prices rose an average 8.3% last year.
Surrounding municipalities, like Logan City, Ipswich City and Redland City, all rose, but in the 3-4% growth range. But in the latest quarter there were more significant increases, particularly in Ipswich and Logan, suggesting that recent rises in sales activity are starting to translate into meaningful price growth.
On the other hand, unit markets are lukewarm, especially those in the inner-city, subdued by high vacancies. Unit markets in more distant parts of the Brisbane metro area are showing better growth in median prices, notably in the Ipswich, Moreton Bay and Redland LGAs.
The Sunshine Coast has been the best of the regional cities, with a 6.7% annual rise in median house prices. Buderim, consistently the most popular suburb in the region, rose 11% and is one of relatively few Queensland locations which have done well over the past five years (up 25%).
Toowoomba, a regional city we have advocated for several years, is up 22% in five years, including 6.3% last year. Some suburbs rose in double digits.
By contrast, the neighbouring Western Downs region (which includes towns where developers over-built in their efforts to exploit the coal seam gas boom), recorded a 14% decline in its median house price last year. Several towns have very high vacancies, with resources workers accommodated in temporary villages rather than rental houses in the towns.
The Gold Coast numbers are interesting because they contrast the housing markets (which are doing well) with the highrise apartment locations (which continue to stutter).
The Gold Coast City median house price has recorded an annual rise of 6.5%, with a major jump in the most recent quarter. This corresponds with the increase in sales volumes evident over the past 18 months. Most of the markets with the best annual rises are inland housing markets in the Brisbane-Gold Coast corridor, including Helensvale, Ormeau and Upper Coomera (which recorded a 7.4% annual rise in its median price).
But apartment markets continue to struggle. The median unit price for Gold Coast City is still 3.4% lower than it was five years ago. The median price for Surfers Paradise dropped 5.6% last year and remains almost 10% lower than five years ago. Southport’s median is 11.2% lower and Broadbeach remains down 7.5%.
This is what oversupply does to property prices. Keep those numbers in mind when you consider the thousands of apartments to be built in the new mega highrise – and all the marketing hype that will come with it, although most of it will be directed at China.
In similar vein, Noosa’s housing market looks to be showing some growth again but its apartment market is deathly pale. Across the Noosa LGA, the median apartment price remains 8.2% lower than it was five years ago.
At dear old Noosa Heads, that over-rated and ageing beauty queen of Sunshine Coast real estate, the median unit price dropped a further 3.5% last year and is 29% below the levels of five years ago. Repeat, 29% below the prices of 2009.
As I said in a column a few weeks ago, this is Australian real estate’s biggest lemon. Owning real estate there is apt to leave a sour taste in your mouth and bitterness in your bank balance.
The REIQ figures confirm my oft-expressed view that Cairns is back on a growth path, with its median house price up 6% in 12 months and likely to do better this year. Some Cairns suburbs delivered double-digit growth last year.
But central Queensland centres Gladstone and Mackay remain down. Gladstone median house price dropped 11.5% in the past year. But, for those who have owned real estate there long-term, pricing levels for both houses and units remain above those of five years ago, despite the recent declines.
TERRY RYDER is the founder of <a href="https://hotspotting.com.au/" target="_blank">hotspotting.com.au</a>. You can <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email him</a> or follow him on <a href="https://www.twitter.com/hotspotting" target="_blank">Twitter</a>. 
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terryryder-YECXbqmri2

The Queensland markets doing well (and those looking a bit pale): Terry Ryder

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Sunshine Coast home values have been rising since mid-2013, according to CorLogic RP Data.
 Over the 12 months to December 2014, house values rose by 6.7%, while unit values increased by 6%.
The number of houses sold across the Sunshine Coast has increased by 9% over the 2014 year, while unit volumes have remained virtually unchanged (+1%). 
Vendor discounting rates have improved over the year, with houses discounted by -5.9% from the initial list price, in comparison to -6.7% at the same time last year, while the average vendor discount for units has eased from -7.2% over the previous year to -6.5% currently. 
Click to open in new window: 
<a href="/images/2015/03/16/sc-mar-16-one.jpg" target="_blank"><img src="/images/2015/03/16/sc-mar-16-one.jpg" alt=""></a>
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Sunshine Coast house price recovery underway: CoreLogic RP Data

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Gold Coast house values are 5.2% higher over the year ending December 2014, while unit values have increased by a lower 4.7%, according to CoreLogic RP Data.
Researcher Cameron Kusher noted by comparison, in December 2013, home values increased by a greater amount, up 7.5% for houses and 6% for units. 
The number of units sold was 5% higher over the 12 months to November 2014, while house sales increased by 7%. 
The year finished with Gold Coast homes selling faster than they were one year ago, with the average time on market for houses down from 85 days in November 2013 to 73 days in November 2014 and units are selling in 92 days, compared to 105 days the previous year. 
Click to open in new window: 
<a href="/images/2015/03/16/gc-mar-16-one.jpg" target="_blank"><img src="/images/2015/03/16/gc-mar-16-one.jpg" alt=""></a>
Source: CoreLogic RP Data
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jchancellor-FAypfDUnLy

Gold Coast houses and units selling faster: CoreLogic RP Data

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Ipswich ranks as the strongest Queensland price growth region with its $320,000 median house price at almost half the capital, the latest data from the Real Estate Institute of Queensland (REIQ) reveal.
Ipswich's median house price increased by 6.7% over the quarter, the largest gain recorded by any area across Queensland.
Brisbane’s median house price has meanwhile hit $600,000 for the first time, rising by 3.4% over the quarter.
The REIQ’s December quarter 2014 data showed Brisbane’s record median house price was largely the result of the city’s strengthening $1 million plus house market.
“Brisbane’s prestige housing sector is firing on all cylinders, with 332 sales recorded in the December quarter - up from 274 sales the previous quarter,” REIQ CEO Antonia Mercorella said.
DECEMBER QTR 2014
HOUSES (&lt;2400)
<table style="width: 460px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="bottom" nowrap width="132">
LGA
</td>
<td valign="bottom" width="84">
Median Sale
</td>
<td valign="bottom" width="74">
Qtrly change
</td>
<td valign="bottom" width="74">
Sales Activity change
</td>
</tr>
<tr>
<td nowrap width="132">
GREATER BRISBANE
</td>
<td nowrap width="84">
 
</td>
<td nowrap width="74">
 
</td>
<td nowrap width="74">
 
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="132">
BRISBANE SD
</td>
<td valign="bottom" nowrap width="84">
$   482,000
</td>
<td valign="bottom" nowrap width="74">
3.5%
</td>
<td valign="bottom" nowrap width="74">
0%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="132">
BRISBANE
</td>
<td valign="bottom" nowrap width="84">
$   600,000
</td>
<td valign="bottom" nowrap width="74">
3.4%
</td>
<td valign="bottom" nowrap width="74">
3%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="132">
IPSWICH
</td>
<td valign="bottom" nowrap width="84">
$   320,000
</td>
<td valign="bottom" nowrap width="74">
6.7%
</td>
<td valign="bottom" nowrap width="74">
-8%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="132">
LOGAN
</td>
<td valign="bottom" nowrap width="84">
$   354,000
</td>
<td valign="bottom" nowrap width="74">
3.8%
</td>
<td valign="bottom" nowrap width="74">
-6%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="132">
MORETON BAY
</td>
<td valign="bottom" nowrap width="84">
$   395,000
</td>
<td valign="bottom" nowrap width="74">
3.3%
</td>
<td valign="bottom" nowrap width="74">
-2%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="132">
REDLAND
</td>
<td valign="bottom" nowrap width="84">
$   479,000
</td>
<td valign="bottom" nowrap width="74">
2.4%
</td>
<td valign="bottom" nowrap width="74">
6%
</td>
</tr>
<tr>
<td nowrap width="132">
TOURISM CENTRES
</td>
<td nowrap width="84">
 
</td>
<td nowrap width="74">
 
</td>
<td nowrap width="74">
 
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="132">
GOLD COAST
</td>
<td valign="bottom" nowrap width="84">
$   520,000
</td>
<td valign="bottom" nowrap width="74">
5.1%
</td>
<td valign="bottom" nowrap width="74">
7%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="132">
SUNSHINE COAST
</td>
<td valign="bottom" nowrap width="84">
$   482,000
</td>
<td valign="bottom" nowrap width="74">
1.8%
</td>
<td valign="bottom" nowrap width="74">
14%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="132">
NOOSA
</td>
<td valign="bottom" nowrap width="84">
$   520,000
</td>
<td valign="bottom" nowrap width="74">
-0.5%
</td>
<td valign="bottom" nowrap width="74">
-11%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="132">
FRASER COAST
</td>
<td valign="bottom" nowrap width="84">
$   285,000
</td>
<td valign="bottom" nowrap width="74">
-0.5%
</td>
<td valign="bottom" nowrap width="74">
12%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="132">
CAIRNS
</td>
<td valign="bottom" nowrap width="84">
$   390,000
</td>
<td valign="bottom" nowrap width="74">
2.9%
</td>
<td valign="bottom" nowrap width="74">
-14%
</td>
</tr>
<tr>
<td nowrap width="132">
REGIONAL CENTRES
</td>
<td nowrap width="84">
 
</td>
<td nowrap width="74">
 
</td>
<td nowrap width="74">
 
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="132">
BUNDABERG
</td>
<td valign="bottom" nowrap width="84">
$   275,000
</td>
<td valign="bottom" nowrap width="74">
2.2%
</td>
<td valign="bottom" nowrap width="74">
-11%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="132">
GLADSTONE
</td>
<td valign="bottom" nowrap width="84">
$   356,250
</td>
<td valign="bottom" nowrap width="74">
-4.7%
</td>
<td valign="bottom" nowrap width="74">
-9%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="132">
MACKAY
</td>
<td valign="bottom" nowrap width="84">
$   370,000
</td>
<td valign="bottom" nowrap width="74">
-5.4%
</td>
<td valign="bottom" nowrap width="74">
-13%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="132">
ROCKHAMPTON
</td>
<td valign="bottom" nowrap width="84">
$   294,000
</td>
<td valign="bottom" nowrap width="74">
-3.6%
</td>
<td valign="bottom" nowrap width="74">
-4%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="132">
TOOWOOMBA
</td>
<td valign="bottom" nowrap width="84">
$   350,000
</td>
<td valign="bottom" nowrap width="74">
3.1%
</td>
<td valign="bottom" nowrap width="74">
0%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="132">
TOWNSVILLE
</td>
<td valign="bottom" nowrap width="84">
$   352,500
</td>
<td valign="bottom" nowrap width="74">
3.7%
</td>
<td valign="bottom" nowrap width="74">
-6%
</td>
</tr>
</tbody></table>
UNITS &amp; TOWNHOUSES
<table style="width: 460px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="bottom" nowrap>
LGA
</td>
<td valign="bottom">
Median Sale
</td>
<td valign="bottom">
Qtrly change
</td>
<td valign="bottom">
Sales Activity change
</td>
</tr>
<tr>
<td nowrap>
GREATER BRISBANE
</td>
<td>
 
</td>
<td>
 
</td>
<td>
 
</td>
</tr>
<tr>
<td valign="bottom" nowrap>
BRISBANE SD
</td>
<td valign="bottom">
$   385,000
</td>
<td valign="bottom">
0.0%
</td>
<td valign="bottom">
-15%
</td>
</tr>
<tr>
<td valign="bottom" nowrap>
BRISBANE
</td>
<td valign="bottom">
$   418,500
</td>
<td valign="bottom">
-0.4%
</td>
<td valign="bottom">
-14%
</td>
</tr>
<tr>
<td valign="bottom" nowrap>
IPSWICH
</td>
<td valign="bottom">
$   240,000
</td>
<td valign="bottom">
-0.8%
</td>
<td valign="bottom">
-21%
</td>
</tr>
<tr>
<td valign="bottom" nowrap>
LOGAN
</td>
<td valign="bottom">
$   240,000
</td>
<td valign="bottom">
-0.4%
</td>
<td valign="bottom">
-15%
</td>
</tr>
<tr>
<td valign="bottom" nowrap>
MORETON BAY
</td>
<td valign="bottom">
$   307,500
</td>
<td valign="bottom">
-3.7%
</td>
<td valign="bottom">
-14%
</td>
</tr>
<tr>
<td valign="bottom" nowrap>
REDLAND
</td>
<td valign="bottom">
$   338,000
</td>
<td valign="bottom">
-5.3%
</td>
<td valign="bottom">
-14%
</td>
</tr>
<tr>
<td nowrap>
TOURISM CENTRES
</td>
<td>
 
</td>
<td>
 
</td>
<td>
 
</td>
</tr>
<tr>
<td valign="bottom" nowrap>
GOLD COAST
</td>
<td valign="bottom">
$   350,000
</td>
<td valign="bottom">
2.9%
</td>
<td valign="bottom">
-6%
</td>
</tr>
<tr>
<td valign="bottom" nowrap>
SUNSHINE COAST
</td>
<td valign="bottom">
$   349,500
</td>
<td valign="bottom">
2.0%
</td>
<td valign="bottom">
0%
</td>
</tr>
<tr>
<td valign="bottom" nowrap>
NOOSA
</td>
<td valign="bottom">
$   375,000
</td>
<td valign="bottom">
-5.1%
</td>
<td valign="bottom">
-16%
</td>
</tr>
<tr>
<td valign="bottom" nowrap>
FRASER COAST
</td>
<td valign="bottom">
$   270,000
</td>
<td valign="bottom">
12.5%
</td>
<td valign="bottom">
8%
</td>
</tr>
<tr>
<td valign="bottom" nowrap>
CAIRNS
</td>
<td valign="bottom">
$   208,000
</td>
<td valign="bottom">
-1.0%
</td>
<td valign="bottom">
-14%
</td>
</tr>
<tr>
<td nowrap>
REGIONAL CENTRES
</td>
<td>
 
</td>
<td>
 
</td>
<td>
 
</td>
</tr>
<tr>
<td valign="bottom" nowrap>
BUNDABERG
</td>
<td valign="bottom">
$   265,000
</td>
<td valign="bottom">
12.8%
</td>
<td valign="bottom">
3%
</td>
</tr>
<tr>
<td valign="bottom" nowrap>
GLADSTONE
</td>
<td valign="bottom">
$   233,300
</td>
<td valign="bottom">
-36.9%
</td>
<td valign="bottom">
24%
</td>
</tr>
<tr>
<td valign="bottom" nowrap>
MACKAY
</td>
<td valign="bottom">
$   365,000
</td>
<td valign="bottom">
21.3%
</td>
<td valign="bottom">
-68%
</td>
</tr>
<tr>
<td valign="bottom" nowrap>
ROCKHAMPTON
</td>
<td valign="bottom">
$   350,000
</td>
<td valign="bottom">
-15.7%
</td>
<td valign="bottom">
-36%
</td>
</tr>
<tr>
<td valign="bottom" nowrap>
TOOWOOMBA
</td>
<td valign="bottom">
$   268,750
</td>
<td valign="bottom">
-3.7%
</td>
<td valign="bottom">
-32%
</td>
</tr>
<tr>
<td valign="bottom" nowrap>
TOWNSVILLE
</td>
<td valign="bottom">
$   290,000
</td>
<td valign="bottom">
15.2%
</td>
<td valign="bottom">
-13%
</td>
</tr>
</tbody></table>
Source: REIQ QueenslandMarket Monitor, data supplied by Core Logic RP Data.
Picture courtesy of Wikimedia Commons/Clarebear/ <a href="https://www.propertyobserver.com.au/https://creativecommons.org/licenses/by-sa/3.0" target="_blank">CC BY-SA 3.0</a>.
</body></html>

Ipswich the strongest Queensland house price region: REIQ

<html><body>
The Brisbane housing market recorded another encouraging year of house price growth over 2014, according to the Domain Group senior economist, Andrew Wilson.
Brisbane’s median house price increased by 5.9% over the year compared to 5.1% over 2013.
<img src="/images/2015/03/12/brisbane-mar-12-one.jpg" alt="">
Source: Domain Group
He noted Brisbane’s housing market revival was late compared to most other capital city housing markets, which were driven by the sharp cut in interest rates in 2012-13, but it is "now squarely on track".
"Prices growth has been particularly solid in the mid to upper price ranges in inner and middle ring suburbs," Wilson said.
"Activity in outer suburban budget priced suburbs, however, has continued to be subdued with high listing numbers and continued concerns over unemployment and job security constraining buyer confidence."
<img src="/images/2015/03/12/brisbane-mar-12-two.jpg" alt="">
Source: Domain Group
Wilson advised he thought Brisbane’s revival gathered pace over spring last year with rising auction numbers reflecting increased confidence in the marketplace from sellers.
"Activity levels in the auction market have continued to rise early in 2015 with record late summer listings reported," he said.
Brisbane median house prices are set for another solid result through 2015, rising again by between 5 and 7%, which will likely be only behind Sydney in terms of capital city performance. 
<img src="/images/2015/03/12/brisbane-mar-12-three.jpg" alt="">
Source: Domain Group
"Sydney is poised to retain its position as the leading capital city performer with house price growth outstripping the national growth projection," Wilson said.
"Brisbane is expected to be the next best performer as its housing market revival continues.
“Sydney and Brisbane are set to be the best performers over the year, with 8% and 6% growth forecast respectively." 
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