Buying into a masterplanned community often means committing to a vision still years from taking shape. At <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a>, that vision is already visible.

Residents have moved into the completed first stage, landscaped spaces are established, and the next chapter is now underway. Stage 1 has been completed and settled, with Stage 2 now selling off-the-plan.

Designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a>, <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> combines attainable apartment living with sustainability initiatives rarely seen at this price point, including rooftop solar, battery storage and a resident EV-sharing program.

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Located on Schofi​elds Road, just moments from Tal​lawong Metro Station and Schof​ields Train Station, <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> has been designed to appeal to a broad mix of buyers, from first-home purchasers looking for a foothold in Sy​dney's property market to downsizers seeking a connected, low-maintenance lifestyle.

<a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> has been conceived as a thoughtfully planned masterplanned community that will evolve over multiple stages, with buyers now able to secure one, two and three-bedroom apartments within a neighbourhood that is already beginning to establish its identity.

One of the project's defining features is its focus on sustainability. Solar energy systems, battery storage and future EV charging infrastructure have been incorporated throughout the development, reflecting a long-term approach to both environmental performance and everyday convenience.

Sustainability sits at the centre of the development's vision, with solar energy systems, battery storage and future EV charging infrastructure integrated throughout the community.

That emphasis on future-ready living extends beyond the technology. Landscaped communal gardens, outdoor gathering spaces and plans for a future retail precinct aim to create a neighbourhood where residents can access daily conveniences without travelling far from home.

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The apartments themselves have been designed with liveability front of mind. Rather than chasing maximum density, the focus has been placed on creating practical homes with generous natural light, usable layouts and strong connections to outdoor space.

Importantly, these design principles have been applied consistently across the one, two and three-bedroom apartment offerings.

The appeal of <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> is also closely linked to its location within Syd​ney's rapidly evolving north-west growth corridor. Over the past decade, major infrastructure investment has transformed the area, with new transport links, business precincts and community facilities reshaping suburbs like Talla​wong and Schofiel​ds.

The agent says buyers are increasingly recognising the area's long-term potential.

"Typical buyers that we're finding across <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> especially are your first-home buyers, your investors, your upsizers as well as your downsizers," Hawes says.

Connectivity remains one of the project's strongest drawcards. Residents have access to both Tallaw​ong Metro Station and Schofi​elds Train Station, providing links to the Sydn​ey CBD, Norw​est Business Park, Macquari​e Park and other major employment hubs. Retail centres including Rous​e Hill Town Centre and Sch​ofields Village are also nearby, alongside schools, parks and future healthcare infrastructure.

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For Stage 1 resident Roji, it is the balance between convenience and comfort that has defined the experience of living at Kew.

"For me, it's a balance of quality and convenience," she says. "Everything I need is right here."

"If I wanted to catch the train, Scho​fields Station is just around the corner. Tallaw​ong Metro connects me to the city."

More importantly, she says, the development has delivered something that cannot be measured in floorplans or specifications.

"<a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> feels like home."

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As Stage 2 enters the market, that lived experience may be one of the project's strongest selling points. Buyers are not purchasing into an untested concept or a future promise. They are joining a community that is already taking shape.

Ongoing investment in transport, retail, healthcare and public open space continues to strengthen the appeal of Syd​ney's north-west growth corridor, while <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a>'s established first stage provides buyers with a tangible sense of the community's future direction.

For a limited time, buyer can secure a new home at <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> with just a $10,000.

[smartcode_project_cta:default project_id=149637]

Joel Robinson

Kew Tallawong: A growing community taking shape in Sydney's north-west

<a href="https://www.apartments.com.au/developers/freecity">Freecity</a> has received development approval for its 51-storey mixed-use tower at 153-157 Walker Street, North Sydney, set to be one of the tallest mixed-use residential-led buildings in one of Sydney’s most sought-after commercial and residential addresses.

Lodged as a State Significant Development Application (SSDA) through the Housing Delivery Authority (HDA) pathway and approved by the NSW Department of Planning, Housing and Infrastructure following a comprehensive public exhibition and submissions process, <a href="https://www.apartments.com.au/new-apartments/153-walker-street-north-sydney-nsw-2060">the project</a> will deliver 296 apartments, alongside a 170-room, luxury hotel, activated retail and significant public domain improvements.

Situated just 200 metres from Victoria Cross Metro Station, on one of the largest developable sites in North Sydney, the development will rise to 234 metres, making it one of the tallest buildings in the suburb. With an end value of approximately $1.5 billion, the project responds directly to the NSW Government’s mandate to accelerate housing delivery in well-located, transit-connected areas.

<img alt="Freecity gets green light for mixed-use residential and hotel tower in North Sydney" data-entity-type="file" data-entity-uuid="192ec455-94bf-4e01-83ef-922b1b269d67" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Freecity%20-%20Walker%20Street%20North%20Sydney%201%20RESIZED%20.jpg?VersionId=Bzqp0SBHCDvLAHjA4QXkjuGoOEIh73Jl" />

The apartment mix will cater to a broad range of buyers, with 65 studio and one-bedroom apartments, 139 two-bedroom residences, 35 three-bedroom apartments, 48 four-bedroom homes, and nine penthouses. Residents will have access to a dedicated amenity level on Level 33, featuring a swimming pool with views towards the Harbour Bridge, Sydney Opera House and North Sydney CBD, as well as a gym, library, shared kitchen, lounge and outdoor entertaining areas.

The hotel will occupy the lower six levels of the building and include meeting and function spaces, a wellness centre with gym, yoga studio, swimming pool and sauna, further strengthening North Sydney's growing hospitality offering.

At ground level, the development has been designed to improve pedestrian connections through the precinct. More than 700 sqm of retail space will activate the street frontage, while a landscaped through-site link connecting Walker Street, Little Walker Street and Doris Fitton Park will provide new public open space with seating, paving and extensive native landscaping.

Freecity Group Co-Founder and Joint CEO Tony Sun said the project represents one of the most significant development opportunities currently available in North Sydney.

"This is one of the most significant development sites in North Sydney and it comes at a pivotal moment for the precinct," Sun said.

"North Sydney is undergoing a genuine transformation, and this project will contribute housing the city urgently needs while creating a landmark destination."

Executive Director of Development Michael Romano said demand for both residential and hotel accommodation would continue to strengthen as the Metro precinct matures.

"The structural demand for high-quality housing and hotel accommodation in North Sydney is compelling, and will only grow as the precinct continues to evolve around the new Metro station," Romano said.

Architectus has designed the tower, orientating the apartments to maximise views towards Sydney Harbour while introducing a sculpted façade intended to respond to light, wind and the surrounding skyline.

Architectus Principal Marko Damic said the design sought to create a tower that contributes to the public realm as much as the skyline.

"We wanted to design a tower that doesn't just sit in the skyline but actively participates and contributes to city life," Damic said.

First look: Freecity gets green light for mixed-use apartment and hotel tower in North Sydney

<a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and <a href="https://www.apartments.com.au/developers/perifa">PERIFA</a> have celebrated the topping out of <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf,</a> marking a significant milestone in the delivery of one of Syd​ney's most anticipated waterfront communities.

Located on Sydney's harbourfront at <a href="https://www.apartments.com.au/developments/putney-nsw-2112">Putney</a>, the project has now reached its highest structural point, with construction progressing strongly towards completion in 2027. 
&nbsp; 
The milestone was celebrated on-site with project partners Phoenix Property Investors, Mitsubishi Estate Asia, Versatile Construction, <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, consultants and stakeholders, to recognise the collective effort behind the transformation of the historic waterfront site into a vibrant new residential, marina and lifestyle destination.

[smartcode_project:default project_id=13962 project_image_fid=362240] 
&nbsp; 
<a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> will deliver a mix of waterfront residences and terraces, complemented by a private 36-berth marina, waterfront dining opportunities and a revitalised foreshore designed to reconnect the community with the river's edge. 
&nbsp; 
Abadeen Executive Chairman and Founder Justin Brown said the project represented a rare opportunity to create the next chapter in Sydn​ey's long history of successful waterfront precincts. 
&nbsp; 
"Throughout Sydney, some of the city's most sought-after addresses have emerged from carefully considered waterfront precincts such as Woolloom​ooloo Wharf, Walsh Bay and Breakfast Point," Brown said.

[smartcode_project:default project_id=13962 project_image_fid=362566] 
&nbsp; 
"What makes these places so successful is that they become much more than residential developments," Brown said.

"They bring together homes, hospitality, marina facilities, public spaces and a strong sense of community in locations where future supply is incredibly limited."

Brown has long described absolute waterfront land in Sy​dney as "finite."

"Once these opportunities are developed, they are rarely replicated. That's why Syd​ney's waterfront precincts have consistently demonstrated strong demand and long-term value growth over many decades. 
&nbsp; 
"<a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> is one of the few remaining opportunities to secure a residence within a masterplanned waterfront community that combines direct water access, marina ownership opportunities and a genuine village lifestyle just moments from the Sy​dney CBD."

[smartcode_project:default project_id=13962 project_image_fid=362564] 
&nbsp; 
PERIFA Founder and Managing Director Fabrizio Perilli said the project reflected a shared commitment to delivering exceptional places that create long-term value for residents and the broader community. 
&nbsp; 
"The topping out milestone is a significant achievement for the Versatile Group and a testament to the collaboration between all project partners, consultants and contractors involved," Perilli said. 
&nbsp; 
"Beyond the residences themselves, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> will establish a new waterfront destination that celebrates the history, character and lifestyle of this unique location while creating a lasting legacy for future generations."

[smartcode_project:default project_id=13962 project_image_fid=291195] 
&nbsp; 
Construction is being delivered by <a href="https://www.apartments.com.au/builders/versatile">Versatile Construction</a>, with structural works now substantially complete across the precinct. Attention will progressively shift to the construction of the waterview terraces, apartment façades, services and interior fit-out works over the coming months. 
&nbsp; 
With limited residences and marina berths remaining, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> continues to attract strong interest from owner occupiers and downsizers seeking a premium waterfront lifestyle within close proximity to Putne​y Village, Rh​odes, Top Ry​de and the Syd​ney CBD. 
&nbsp; 
As one of the last opportunities to secure a residence within a new masterplanned waterfront community on Sy​dney Harbour, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> is expected to remain a highly sought-after address for years to come.

[smartcode_project_cta:default project_id=13962]

Abadeen, PERIFA, top out Putney Wharf harbourfront precinct

Kew has long been regarded as one of Melbourne's premier residential suburbs. It's a location defined by its grand period homes, leafy streets and some of the city's most prestigious schools, yet it has often sat just outside the spotlight cast on neighbouring Hawthorn and Camberwell.

Increasingly, however, buyers are recognising that Kew offers much of what draws people to those suburbs, with a quieter residential setting, exceptional amenity and long-term owner-occupier appeal.

Within a few minutes' walk, residents can access Kew Junction, one of Melbourne's most established village centres. Cafés, bakeries, restaurants, supermarkets, boutique retailers and everyday services are all on the doorstep, with local favourites including Centonove, Adeney Milk Bar Cafe, and Frank &amp; Harri creating the type of walkable lifestyle that has become increasingly difficult to find in Melbourne's inner east. Beyond the immediate neighbourhood, Glenferrie Road's renowned shopping and dining precinct in Hawthorn and the retail, dining and entertainment offerings of Camberwell Junction are both just a short drive or tram ride away.

The suburb is equally well connected. Tram routes 48 and 109 provide direct access to the CBD, while High Street and Cotham Road connect residents to the wider inner east.&nbsp;Nearby access to the Eastern Freeway also places the Yarra Valley, Mornington Peninsula and Melbourne Airport within easy reach, adding another layer of convenience for weekend travel.&nbsp;It's a rare combination of connectivity and tranquillity, where quiet residential streets sit just moments from some of Melbourne's most established shopping and lifestyle precincts.

For families, Kew remains one of Melbourne's most tightly held addresses. Carey Baptist Grammar School, Xavier College, Methodist Ladies' College, Trinity Grammar, Ruyton Girls' School and Genazzano FCJ College are all nearby, while the Yarra River parklands, walking trails and sporting clubs provide another layer of lifestyle appeal.

It's within this established pocket that developer Ricdanic is delivering <a href="https://www.apartments.com.au/new-apartments/wimba-ave-kew-9-11-wimba-avenue-kew-vic-3101">Wimba Ave</a>, a boutique collection of just 13 residences across two buildings named after its location on the tree-lined Wimba Avenue,&nbsp;within one of Kew's most prestigious pockets where homes have been known to sell up to and above $8 million.

[smartcode_project:default project_id=140755 project_image_fid=354809]

The residences prioritise the space that buyers are increasingly searching for but struggling to find in established suburbs. Living areas extend beyond five metres in width, ceiling heights range from three to five metres, and apartments open onto private gardens averaging around 125 sqm. Selected residences also feature balconies of approximately 60 sqm, while premium inclusions include Miele appliances, double-glazed windows, EV readiness, fully electric systems and a 7.2 NatHERS energy rating.

Architect Chris Idle says opportunities to deliver homes of this scale within established suburbs have become increasingly uncommon.

"There are very few opportunities to do these kinds of developments in leafy, established suburbs," he says. "To get this level of amenity, natural light, and architectural freedom in such a setting is extremely rare."

[smartcode_project:default project_id=140755 project_image_fid=366267]

The architecture draws on Kew's established character through the use of handmade Krause bricks, while landscaping by John Patrick introduces 23 plant species, including nine native varieties, creating an environment which focuses just as much on nature as it does the building.

Construction on Wimba Ave is well underway by renowned high-end builder Sinjen, with completion expected in late 2027. Prices start from $2.22 million.

[smartcode_project_cta:default project_id=140755]

The enduring appeal of Kew's tree-lined streets and village lifestyle

"For me, it's the location." That was the first thing Chris pointed to when reflecting on why he and his wife Marita decided to purchase at Candela Ivanhoe, the under-construction new apartment development by Salter Brothers in the heart of the north-eastern M​elb​ourne​ suburb. ​

"We've lived here before… everything is here," Chris said.

"Our doctor is around the corner, there's dentists, pilates, everything we need, restaurants, fast food places, two train stations, Ivanhoe and Darebin, both in walking distance. You don't need anything else."

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Just 10 kilometres from Melbo​urn​e's CBD, Ivanhoe combines direct city connectivity with the amenity of an established village community. Residents have access to highly regarded schools, expansive parklands, public transport, and a thriving retail and hospitality precinct centred around Upper Heidelberg Road, all within a neighbourhood that has retained its leafy character despite its proximity to the city.

<a href="https://www.apartments.com.au/new-apartments/candela-ivanhoe-40-upper-heidelberg-road-ivanhoe-vic-3079">Candela Ivanhoe</a> sits within the heart of this established landscape, positioned just moments from Ivanhoe Village and within walking distance of many of the suburb's most sought-after amenities.

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From Candela, residents can access cafés, grocers, wine bars, restaurants and essential services on foot, while Ivanhoe Station and Darebin Station provide direct connectivity across Mel​bour​ne. The development is also surrounded by some of the suburb's best-known lifestyle destinations, including Pinkie, Laurent, Enni, Docasa and Woodfire Pizza e Cucina, alongside Ivanhoe Plaza, Woolworths, pharmacies and specialty retailers.

Green space is another defining feature of the suburb. Darebin Parklands, Ivanhoe Park, Nellie Ibbot Park and the Yarra River trail network provide extensive opportunities for recreation, while Ivanhoe Golf Course and Ivanhoe Tennis Club continue to underpin the area's long-established lifestyle appeal.

The suburb's education offering further strengthens demand. Ivanhoe Grammar School, Ivanhoe Girls' Grammar School, Mary Immaculate Primary School and Ivanhoe Primary School have helped establish the area as one of Melbou​​rne's most sought-after schooling precincts, attracting families and downsizers alike who want to remain connected to the area.

[smartcode_project:default project_id=342 project_image_fid=357510]

While location was the priority for Marita and Chris, the project itself also needed to meet their expectations.

"Whilst location was paramount, I was also looking at design of the environment and Candela ticked every box," Marita said.

"We're just thrilled with our choice."

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Developed by <a href="https://www.apartments.com.au/developers/salter-brothers">Salter Brothers</a>, Candela Ivanhoe has been designed to complement its village setting, with an emphasis on generous floorplans, natural light and practical everyday living.

Residents will have access to a range of shared amenities, including a communal rooftop garden and dedicated residential lounge, complemented by a ground-floor café and lifestyle wellbeing centre, helping foster the sense of community already emerging among future owners.

That approach has resonated strongly with the market. More than 90 per cent of purchasers at Candela Ivanhoe are owner-occupiers, with buyers ranging from downsizers and second-home buyers to young families and first home buyers, creating a genuinely multi-generational community of grandparents, parents and children. It reflects a broader shift across Melbo​​urne's apartment market, where buyers are increasingly prioritising neighbourhood quality, lifestyle amenity and long-term liveability.

Currently under construction by Ironside, Candela Ivanhoe comprises 58 apartments. Candela Ivanhoe is scheduled for completion in the coming months, and residents can move in from September. One to four bedroom residences, prices from $649,000 and limited opportunities remaining.

[smartcode_project_cta:default project_id=342]

Location and lifestyle drive demand at Candela Ivanhoe

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?

A trio of Queensland property groups have unveiled plans for a $300 million mixed-use redevelopment of the former Noosa Bowls Club site, a proposal that would deliver more than 200 new homes in one of the Sunshine Coast's most supply-constrained markets.

Kilter Property, Frank Developments and Calile Malouf Investments are behind the plans for the 1.8-hectare site at <a href="https://www.apartments.com.au/new-apartments/99-noosa-drive-noosa-heads-qld-4567">99 Noosa Drive</a>, which would transform the long-vacant site into a new residential precinct featuring 208 apartments, retail, hospitality and public space.

The proposal comes as Noosa continues to grapple with housing affordability and a shortage of permanent accommodation, particularly for key workers. The site's location in Noosa Junction, close to shops, public transport and employment, aligns with the direction of Noosa Council's Housing Strategy, which encourages higher-density housing within established activity centres rather than continued urban expansion.

The draft plans include 48 affordable-by-design apartments and 48 rooming accommodation units aimed at key workers. Around 2,000 sqm of ground-floor retail and food and beverage space would activate the street frontage, alongside a new public town square and landscaped open space.

<img alt="Noosa" data-entity-type="file" data-entity-uuid="2dd02f53-1360-4e51-801e-bfd61a6c980e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-26%20at%208.44.34%E2%80%AFPM.png?VersionId=x1iNs3BSMN6Jy7YUwaBZMHRrrKX2hMpy" />

&nbsp;

Frank Developments Founder and Director Frank Licastro said the development would continue the company's focus on architecturally-led residential projects while addressing one of the region's biggest challenges.

"Not only will this project exude a sense of luxury, it will also enhance not only the built environment but also the surrounding community," Licastro said.

"Noosa's success relies on the people who live and work here. Providing well-designed accommodation for key workers is critical to supporting the local economy and ensuring the Shire can continue to thrive."

Kilter Property Co-Founder Huw Williams said the focus was on delivering additional permanent housing while creating a mixed-use destination that benefits both residents and the wider community.

"Our focus is on delivering a well-considered mixed-use project that provides more permanent housing options, supports local workers and businesses, and delivers an exceptional product for the local market," Williams said.

"The redevelopment vision aligns with the long-term evolution of Noosa Junction as a vibrant activity centre, creating a destination that enhances the area's character while delivering significant economic and community benefits."

Calile Malouf Investments, best known for its role in Brisbane's James Street precinct and The Calile Hotel, will bring its place-making experience to the project. The company recently commenced construction on The Calile Noosa hotel and says the residential development will complement its growing investment in the region.

CMI Director Cal Malouf said the aim was to create a walkable precinct combining housing, retail and hospitality while remaining true to Noosa's character.

"We see a similar opportunity in Noosa to deliver a vibrant, walkable destination that combines exceptional housing, hospitality and retail in one integrated project," Malouf said.

Brisbane-based Cavill Architects has been appointed to design the project.

Noosa Bowls Club to be redeveloped into mixed-use apartment precinct

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Land prices at Sovereign Islands have bounced back.
There was a $1,755,000 sale on <a href="https://www.realestateview.com.au/Real-Estate/hampton-court-sovereign-islands/Property-Details-sold-residential-8157004" target="_blank">Hampton Court through Ray White</a>.
"This is your opportunity to own and build on the last allotment available on Hampton Court," the marketing said.
There was 26 metre waterfrontage with sheltered mooring on the 701 square metre lot with Broadwater and river views.
It last sold at $1,022,500 in 2012.
It was first sold at $1.5 million by Lewis Land in 2005.
The vendors did want $2.1 million in 2009.
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jchancellor-FAypfDUnLy

Sovereign Islands, Gold Coast land price recovery

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The mortgagee offering on the 54th floor of the Gold Coast landmark tower Q1 comes with an $890,000 asking price.
Agent Danny Woolbank at Ray White Broadbeach says the three bedroom two bathroom Surfers Paradise apartment has breathtaking views from every room.
<a href="https://www.realestate.com.au/property-unit-qld-surfers+paradise-118501391" target="_blank">5405 at 9 Hamilton Avenue</a> (pictured in gallery above) is 205 square metres.
It last traded at $1.05 million in 2002.
When initially listed in 2011 it had a $1.2 million asking price.
Fitch’s 13th report covering the performance of Australian mortgages by postcode featured Surfers Paradise in 10th place in the 20 worst-performing postcodes across Australia.
Queensland was the worst-performing state with delinquencies at 1.04%. All states have improved, but Queensland showed the smallest improvement among all states, in the latest Fitch report issued this week.
Queensland dominated the list of the worst 20 suburbs, with eight entries including Airlie Beach in 8th place.
Five of the worst-performing postcodes were located in Brisbane, three of which were in the Gold Coast area.
Surfers Paradise and Mudgeeraba have been previously listed among the worst- performing postcodes, while Oxenford appeared in the list for the first time.
All these postcodes experienced an increase in arrears during the six months to September 2014, and particularly in the 90+ days arrears indicating that the housing market or unemployment may be the main cause of the increases. 
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Q1 Gold Coast mortgagee apartment offering for less than 2002 sale price

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GUEST OBSERVATION
With the Gold Coast tipped to be one of the hotspot property markets of 2015, I thought I would share my tips to buying well on the glitter strip.
Investors should target property areas in and around planned infrastructure developments if they are looking to capitalize on the growth potential the Gold Coast offers.
The Gold Coast’s lifestyle market is fast becoming a more viable option for not only entry level investors, but those who may have capped out in the southern states and are looking to diversify their portfolios as South East Queensland gets set to boom.
The Southport CBD has been earmarked as a priority development area with key projects including a Chinatown precinct, redevelopment of the old Gold Coast Hospital site and the Broadwater Parklands which is already in the final stages and includes the new Gold Coast Aquatic centre.
On the retail front, Broadbeach is already taking off with the $670 million dollar transformation of Pacific Fair which will make it the largest shopping centre in Queensland and the fourth largest in Australia.
Coomera at the Northern end of the Gold Coast can also look forward to a $500 million Westfield development which has just been given the green light after 18 years in the pipeline.
All of these developments will largely contribute to the Gold Coast’s thriving economy over the next 10 years and will certainly result in continued growth in property values in and around any of these developments.
In the past year, capital growth figures show the city has been performing well with strong growth predicted to continue.
With a high demand for quality rentals and tenants prepared to pay premium rents, the coast can expect to see high yields continue in 2015.
While the Gold Coast had a lot going for it, not every investment opportunity was a good one and investors needed to buy well.
The Gold Coast is a lifestyle property market and investors need to tread carefully.
If you’re looking to invest, engage the services of a qualified and accredited buyer’s agent.
They can educate you on the current state of the market enabling you to make informed decisions and save you thousands in the long run.
Always consider how qualified the advice you’re listening to is and what their motives may be – this includes selling agents.
Remember, if they’re not getting paid by you they’re not working for you.
Here are my five tips for buying well in 2015:
<ol>
<li>
Get pre-approved In a fast moving market, buyers need to act quickly. There is nothing more powerful in the negotiation process than a buyer with pre-approved finance and the ability to negotiate on good terms. 
</li>
<li>
Do your homework The key to buying well is knowing a good deal when you see it. As laborious as the task may seem, the more research you do and the more open homes you attend, the better you educate yourself in the market to be able to differentiate between a buy you should hotly pursue and one you should walk away from. 
</li>
<li>
Talk to as many agents as you can As much as you might avoid talking to selling agents, in the current market climate it’s important that you speak to as many as you can on a regular basis so that you don’t miss out on any new listings coming onto the market. Remember though that they are working to get top dollar for the seller so they are not out to do you any favours. 
</li>
<li>
Don’t be afraid to buy before the election Some of our best buys have been leading up to an election when many weary investors keep their hands in their pockets. 
</li>
<li>
Get a fair market valuation prior to finalising negotiations It’s important to know the difference between a fair market valuation and a bank valuation. A bank valuation is carried out once you have agreed on a price and signed a contract so essentially the deal is already done and just because a bank valuation stacks up doesn’t mean you nabbed yourself a bargain. Getting a fair market valuation prior to commencing any negotiation enables you to negotiate confidently and it also gives you the insight to know when to walk away. </li>
</ol>
TONY COUGHRAN is a buyer's agent and certified practising valuer with the Gold Coast-based<a href="https://www.vfmpropertyadvisors.com.au/" target="_blank"> VFM Property Advisors</a>.
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TonyCoughran-WXkUASdYik

Five tips to beat the Gold Coast property market heat: Tony Coughran

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Almost 60% of the 99 properties auctioned at the Gold Coast yesterday sold with Ray White The Event attracting 243 registered bidders
A 770 square metre two level penthouse at the Nirvana by the Sea block in Kirra was the top sale at $3,755,000 among the $20 million auction proceeds.
<a href="https://www.rwsp.net/qld/kirra/1241869/" target="_blank">1504/1-3 Douglas St, Coolangatta</a> had previously sold for $2.75 million in 2011, but its $4.4 million hopes held since its early 2014 listing proved overly ambitious.
There had been two earlier higher sales in the prime block of 60 apartments developed by <a href="https://www.nirvanabythesea.com" target="_blank">Niecon</a>.
Its 2007 marketing was promoting Kirra as the "new Noosa" with prices from $950,000 to $2,895,000, replacing 1970s brick blocks of units.
Once known as a casual village popular with surfers, Kirra is at the southern end of the Gold Coast.
<img src="/images/2015/01/27/cobain%20jan%2027%20one.jpg" alt="">
But sellers of a two-bedroom unit in the Soul building at Surfers Paradise secured just $905,000, which was $795,000 less than it fetched in 2012, the Gold Coast Bulletin reported.
The <a href="https://www.rwsp.net/qld/surfers-paradise/1233957/" target="_blank">2502/4-14 The Esplanade, Soul, Surfers Paradise</a> was a 122 square metre offering last sold in June 2012 at $1.7 million to Brisbane buyers.
Onthehouse recently gave a $1.6 million plus guidance.
There were 12 pre-sales among the 58% success rate. There was a 58% initial clearance rate in January 2012. The clearance rate was higher than last year, when around 50% of the homes sold on the day.
The Ray White Surfers Paradise Group chief executive Andrew Bell said the auction was one of the best on record with many properties having four or five bidders.
“Selling close to 60 properties in the space of six hours is a big statement for the state of the local property market,” he told the News Ltd local paper.
The 22nd annual auction showcase, the biggest in Australia, included family homes, investment properties and trophy homes.
28 Lakelands Drive is now under offer. It has four bedrooms, and the listing states that it would comfortably rent for $800 per week.
Bell said investors dominated this year with a strong showing from Melbourne and Sydney buyers.
“The high volume of investors says a lot about market confidence and discretionary spending power,” he said.
Other sales included 50 Falkinder Ave, Paradise Point for $480,000.
The property last sold for $460,000 in 2013.
A one bedroom unit in the Paradise Isles Resort on the Gold Coast was sold for $160,000 to a Sydney investor, with $270 a week plus rental potential,thereby reflecting around a 9% yield. Set on Chevron island, it had first sold back in 1997 for $161,900 at the low rise 40 Burra Street. There was a $189,000 and $167,000 sale in the block last year.
PRD Research recently noted South East Queensland experienced positive property price growth in 2014; despite a soft decline in transaction volume.
<img src="/images/2015/01/27/cobain%20jan%2027%20two.jpg" alt="">
Professional golfer Wayne Grady's riverfront Gold Coast home also went to weekend LJ Hooker auction without success. <a href="https://www.domain.com.au/property/for-sale/house/qld/ashmore/?adid=2011682945" target="_blank">The 1988-built Ashmore house</a> on a 3364 square metre holding had been his home since $850,000 was paid in early 1996. It was listed with $2.79 million hopes in April last year.
It has been a tightly held property having sold at $36,000 in 1978.
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Coolangatta takes the gold but no sales nirvana for all Gold Coast apartment sellers

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GUEST OBSERVATION
Much media attention has been centred on Brisbane as the next property hotspot.
With an inability to distinguish ‘reading’ from ‘research’, more and more property investors follow like sheep thinking all roads point to Brisbane, Logan, or Deception Bay.
For the record, we do believe that parts of Brisbane offer good investment potential over the medium-long term; <a href="https://www.propertyology.com.au/your-results/" target="_blank">we’ve helped many investors to purchase properties in Brisbane</a> over the past 12 months. That said, we’ve purchased a lot more properties in alternative locations - interstate and other parts of Queensland – because we feel confident that the potential is even better.
Over the last decade, Brisbane was a major beneficiary of net interstate migration. Post-global financial crisis (GFC), the rate of growth has been easing. We continues to monitor this path.
Brisbane had the biggest pre-GFC build up of oversupply out of all Australian capital cities. This, plus the infamous 2011 floods, resulted in property values declining by a combined 15% during 2011-12.
<img src="/images/2015/01/14/pressley%20jan%2014%20on3.jpg" alt="">
A poor climate for construction finance during 2009-2012 meant lower supply and a return to equilibrium.
<a href="https://www.propertyology.com.au/wp-content/uploads/2014/04/Supply-and-Demand-State-by-State_2014.11.pdf" target="_blank">Building approvals</a> are now at record levels again so pockets of oversupply and <a href="https://www.propertyology.com.au/inner-city-brisbane-not-spot/" target="_blank">investor no-go-zones</a> will catch out less informed property investors over the next couple of years. The CBD, West End, South Brisbane, Woolloongabba, Fortitude Valley, Bowen Hills, Newstead, Hamilton, Toowong, Nundah, Chermside, Fitzgibbon, North Lakes, The Gap, Calamvale, Narangba, Murrumba Downs, Hills District are all destined for high levels of new supply.
The jobs outlook for Brisbane is healthier than given credit. In November 2014, Brisbane’s unemployment rate of 5.8% compared favourably to the state and national rates of 6.7% and 6.1%, respectively.
<img src="/images/2015/01/14/pressley%20jan%2014%20two.jpg" alt="">
Brisbane City Council, Australia’s biggest LGA, has been proactive at engaging to do business with Asian countries. As a sign of the confidence that some private investors have in Brisbane, there are several new hotel developments which have added a combined 500 new rooms.
There are some significant major projects currently underway, including a $1.35 billion airport expansion, $1 billion gateway upgrade, $3 billion RNA showgrounds redevelopment, and $1.1 billion Moreton Bay Rail Link.
Pipeline proposals include a <a href="https://www.propertyology.com.au/brisbane/">$5.2 billion BaT Tunnel</a>, a $3 billion plus integrated resort and casino, and an expanded medical hub at Herston.
Exposure from November’s G20 Summit and the upcoming Commonwealth Games will also benefit Brisbane’s economy.
Simon Pressley is managing director of <a href="https://www.propertyology.com.au/" target="_blank">Propertyology</a>, a full-time property market analyst, accredited property investment adviser, and Australia’s (REIA) Buyer’s Agent of the Year (2012+2013+2014).
<h2>How to purchase high-performing investment properties: a free Propertyology eBook</h2>
 
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spressley-sBoeMhannA

Brisbane's looming oversupply will catch out poorly informed investors: Simon Pressley

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When looking for a new apartment, a buyer might consider location, price, local infrastructure and tenant quality.
But should investors purchase new or established apartments?
Some investors won't touch off the plan purchases, while others argue there are plenty of reasons to <a href="/expert-insights/building/buy-established-or-buy-new-the-arguments-for-both-sides">consider new apartments</a> – as long as you do the <a href="/guides" target="_blank">required research</a>. 
Off the plan apartments can look very shiny and exciting, especially in those renders in the brochure. But are you paying for a high quality product, or marketing materials (including the events, the PR-distributed gift baskets and <a href="/news/vic/vespa-offer-to-entice-buyers-to-south-yarra-one-bedroom-apartments">the Vespa</a>)?
Established apartments may be cheaper, but why should you pay for a degraded product if a brand new one might be available for just a little bit more cash?
These questions are particularly pertinent in Brisbane, which has seen multiple new developments crop up in the last year, with more to come this year (prompting <a href="/expert-insights/buying/brisbane-on-the-slippery-slope-to-oversupply">oversupply warnings from some</a>).
To see just how much more you'll pay for a new apartment in Brisbane, Property Observer looks at recent sales in three suburbs: Toowong, Bulimba and Holland Park West.
<h3><a href="/news">Toowong</a></h3>
<a href="https://www.realestate.com.au/property-apartment-qld-toowong-113816387" target="_blank">1/68 Benson Street, Toowong</a>
 <img src="/images/2015/01/15/1.jpg" alt="">
This one bedroom, one bathroom apartment in Toowong sold for $469,000 in December.
The only one bedroom apartment in the complex, it has 60 square metres of internal floor space, with polished timber floors, a balcony and a stone kitchen.
The buyer will have access to the complex's pool and change room. The apartment comes with one car space.
<ul>
<li>New or established: New</li>
<li>Price: $469,000</li>
<li>Bedrooms: One</li>
<li>Price per square metre: $7,816</li>
</ul>
<a href="https://www.realestate.com.au/property-apartment-qld-toowong-117391051" target="_blank">36/7 Landsborough Terrace, Toowong</a>
<img src="/images/2015/01/15/2.jpg" alt="">
Just up the river is 36/7 Landsborough Terrace, an established apartment that sold for $452,800 late last year.
The first floor apartment has two bedrooms and two bathrooms, with a north-facing patio. Coming with one car space, the 84.5 square metre apartment is newly carpeted and pool access.
<ul>
<li>New or established: Established</li>
<li>Price: $452,800</li>
<li>Bedrooms: Two</li>
<li>Price per square metre: $5,359</li>
</ul>
<h3><a href="/news">Bulimba</a></h3>
<a href="https://www.realestate.com.au/property-apartment-qld-bulimba-116544279" target="_blank">4/18 Wambool Street, Bulimba</a>
<img src="/images/2015/01/15/3.jpg" alt="">
In Bulimba, this two bedroom, two bathroom new apartment sold for $659,000 in November.
The air-conditioned, 79.2 square metre apartment has a balcony that opens off the living area and comes with one secure parking space. Construction is expected to finish in February.
<ul>
<li>New or established: New</li>
<li>Price: $659,000</li>
<li>Bedrooms: Two</li>
<li>Price per square metre: $8,320</li>
</ul>
<a href="https://www.realestate.com.au/property-apartment-qld-bulimba-117688427" target="_blank">55/25 Love Street, Bulimba</a>
 <img src="/images/2015/01/15/4.jpg" alt="">
Buyers paid $535,000 for this established apartment in Bulimba. With two bedrooms and two bathrooms, the 91 square metre unit has two balconies, giving it a north-south aspect.
There are two side-by-side parking spaces, and comes with access to a 25 metre lap pool, a gymnasium and a barbecue area.
<ul>
<li>New or established: Established</li>
<li>Price: $535,000</li>
<li>Bedrooms: Two</li>
<li>Price per square metre: $5,879</li>
</ul>
<h3><a href="/news">Holland Park West</a></h3>
<a href="https://www.realestate.com.au/property-apartment-qld-holland+park+west-117813147" target="_blank">5/35 Crown Street, Holland Park West</a>
<img src="/images/2015/01/15/5.jpg" alt="">
A two bedroom apartment sold off the plan for $429,000 in November. Apartment 5 has 84 square metres of internal space, with tiled living areas and a "designer kitchen".
The two bedroom apartment in a low rise complex comes with a balcony and one garage space. Construction has commenced.
<ul>
<li>New or established: New</li>
<li>Price: $429,000</li>
<li>Bedrooms: Two</li>
<li>Price per square metre: $5,107</li>
</ul>
<a href="https://www.realestate.com.au/property-apartment-qld-holland+park+west-117166391" target="_blank">3/27 Rolle St, Holland Park West</a>
<img src="/images/2015/01/15/6.jpg" alt="">
Vendors secured $372,500 for this established apartment in Holland Park West.
The two bedroom tiled apartment has two balconies and a recently renovated bathroom. With 75 square metres of floorspace, the unit sits above a secure garage.
<ul>
<li>New or established: Established</li>
<li>Price: $372,500</li>
<li>Bedrooms: Two</li>
<li>Price per square metre: 75 square metre</li>
</ul>
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jrichardson-uRX5hFdKfN

Which Brisbane apartments present the best value: New or established?

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Brisbane's median house price now sits at $466,500 after 0.8% growth over December, according to CoreLogic RP Data.
Over 2014, the city saw house values increase by 4.8%­ – the third highest yearly growth rate of Australia's capital cities, after Sydney and Melbourne.
Property Observer looks to recent Brisbane sales to see just what a median-priced house looks like.
<a href="https://www.realestate.com.au/property-house-qld-forest+lake-117448451" target="_blank" style="line-height: 1.3em;">8 Doncaster Place, Forest Lake</a>
<img src="/images/2015/01/12/1.jpg" alt="">
This three bedroom house sold for $460,000 in December last year. The house in the masterplanned Creekwood Estate sits on a 704 square metre block, 18 kilometres from the Brisbane CBD. The home includes a study and a media room, with two bathrooms.
<ul>
<li>Price: $460,000</li>
<li>Bedrooms: Three</li>
<li>Drive to CBD: 28 minutes</li>
</ul>
<a href="https://www.realestate.com.au/property-house-qld-westlake-118261079" target="_blank">Westlake</a>
<img src="/images/2015/01/12/westlake-jan-12-breakout.jpg" alt=""> 
A brick and timber home set on 829 square metres sold for $468,000 last week. The three bedroom house has one "two-way" bathroom and front and back verandahs. It also offers level side access.
<ul>
<li>Price: $468,000</li>
<li>Bedrooms: Three</li>
<li>Drive to CBD: 23 minutes</li>
</ul>
<a href="https://www.realestate.com.au/property-house-qld-stafford+heights-118619251" target="_blank">305 Kitchener Road, Stafford Heights</a>
<img src="/images/2015/01/12/3.jpg" alt=""> 
Buyers paid $467,000 for this three bedroom house in Brisbane's north. The brick and tile house on a 607 square metre plot has open plan living areas, with a basement double garage and laundry. The vendors sold the home after just over one year of ownership. They purchased it for $425,000 in November 2013, reflecting 9.9% annual growth.
<ul>
<li>Price: $467,000</li>
<li>Bedrooms: Three</li>
<li>Drive to CBD: 15 minutes</li>
</ul>
<a href="https://www.realestate.com.au/property-house-qld-cannon+hill-118544475" target="_blank">2 Aeroplane Street, Cannon Hill</a>
 <img src="/images/2015/01/12/4.jpg" alt="">
This post-war house sold for $460,000 late last year. The house in Cannon Hill is set on 670 square metres and has two bedrooms, with one "sleep-out" – an enclosed deck area that can be used to sleep in. There are two living areas, one of which includes a fireplace.
<ul>
<li>Price: $460,000</li>
<li>Bedrooms: Three</li>
<li>Drive to CBD: 14 minutes</li>
</ul>
<a href="https://www.realestateview.com.au/Real-Estate/robinson-road-west-aspley/Property-Details-sold-residential-7933950" target="_blank">559 Robinson Road, West Aspley</a>
<img src="/images/2015/01/12/5.jpg" alt=""> 
Vendors secured $466,500 for this four bedroom house in West Aspley. The single level home sits on a recently landscaped 607 square metre plot, and offers off road parking for up to three cars. The vendors purchased the house in March 2011 for $375,000.
<ul>
<li>Price: $466,500</li>
<li>Bedrooms: Four</li>
<li>Drive to CBD: 20 minutes</li>
</ul>
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What can you buy for Brisbane’s median house price?

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Everyone is keen to know how the property markets will fare over 2015, but it seems that Queensland is on many investors' radars.
Raine &amp; Horne real estate agents have shared their predictions of where the best areas of the state may be.
General manager Queensland, Steve Worrad, said that market conditions are improving in Brisbane and the Gold Coast, however noted that the "smart money" is looking further afield.
"Major hubs such as Toowoomba are set to benefit from major infrastructure improvements, while smaller centres such as Woodford and Kingaroy will enjoy the benefits of factors such as lower interest rates and the breaking drought," he said.
"Once we get past the Queensland election, which was called by the Premier this afternoon for 31 January, homeowners and investors considering the sale of a regional property in Queensland can expect excellent selling conditions in 2015," said Worrad.
Toowoomba Source: Andrew Lynch (principal, Raine &amp; Horne Toowopomba)
Expectation:
<ul>
<li>Growth from 5% to 8% over the year</li>
<li>Major driver: The recent launch of the Brisbane West Wellcamp Airport is likely to have a positive impact on the economy and real estate, being a first for Toowoomba.</li>
</ul>
Signs of change:
<ul>
<li>Large number of commercial developments have attracted enquiries from businesses considering relocating from Brisbane due to the airport.</li>
</ul>
Features of the town:
<ul>
<li>Multi-industry town with strong service and healthcare businesses, plus a robust agricultural sector.</li>
<li>Strong education hub that is also a big employer for local people.</li>
</ul>
Suburbs to consider:
<ul>
<li>Charlton, which isn't far from the airport.</li>
<li>Rangeville and Centenary Heights – both tightly-held owner occupier suburbs on the eastern side priced around $400,000. Currently in strong demand.</li>
<li>Darling Heights and other west side areas close to USQ, which are already popular with yield chasing investors. There are some new developments in the area.</li>
</ul>
Moreton Bay Source: Jill Garth (principal, Raine &amp; Horne Woodford)
Major driver:
<ul>
<li>Demographic shift in the area</li>
<li>Low interest rates</li>
<li>Has hit the bottom of the cycle with only a positive outlook available</li>
</ul>
Signs of change:
<ul>
<li>First time buyers are re-emerging in the area, potentially due to lower interest rates</li>
<li>Higher number of investors have already been seen</li>
</ul>
Investment features:
<ul>
<li>High yields available in excess of 6%.</li>
</ul>
South Burnett region Source: John Allery (co-principal, Raine &amp; Horne Kingaroy)
Expectation:
<ul>
<li>Up to 5% growth over the year</li>
</ul>
Major driver:
<ul>
<li>Increase in rainfall has been good for the agricultural area.</li>
</ul>
Features of the town:
<ul>
<li>A number of piggeries and grain producers.</li>
<li>Swickers Kingaroy Bacon Factor employs 500 people and is one of Australia's most significant pork abattoirs</li>
<li>Famous for peanuts.</li>
<li>2.5 hours north west of Brisbane</li>
<li>Stanwell Power Station employs 450 locals</li>
</ul>
Investment features:
<ul>
<li>Due to the 2014 drought, real estate is currently affordable in the area</li>
<li>A number of entry-level homes sub-$200,000</li>
<li>Currently a buyer's market</li>
</ul>
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Queensland 2015 predictions: Raine & Horne's top areas to watch

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GUEST OBSERVATION
I expect the Gold Coast market to surprise many pundits and become one of Australia’s best performers during 2015-2017. The storm clouds are gone, the sun is due to shine – and quite brightly. However, there is still some turbulence in the waters.
Tourism drives the Gold Coast’s economy. So, when the global financial crisis (GFC) hit in late-2008, consumer sentiment disappeared, jobs were shed and its property market suffered.
The Gold Coast’s only other industry of note is construction and a significant pre-GFC over-supply compounded things for its property market. In spite of having population growth (3.1% per annum during 2003-2013) of almost double that of the national average (1.7%), the Gold Coast was the worst performing market in Australia for a few years.
<img src="/images/2015/01/01/pressley%20jan%205%20one.jpg" alt="">
As the above graphic shows, building approvals declined considerably post-GFC and a lot of the surplus supply has now been soaked up. Vacancy rates have tightened. Sales volumes and property prices are already growing.
Consumer and business sentiment have improved over recent years. The new Gold Coast hospital plus a $1.8 billion passenger rail project have been good for jobs growth. Work has commenced on a $670 million expansion of Pacific Fair which will make it the largest shopping centre in Queensland.
The $500 million athlete’s village for the 2018 Commonwealth Games and a $1 billion luxury hotel by Chinese developer, Ridong, are other major projects.
<img src="/images/2015/01/01/pressley%20jan%205%20two.jpg" alt="">
The tourism boom which we predicted two years ago has arrived, meaning things will only get better for the Coast.
A decision on a proposed $7 billion mega resort is due in early-2015. An economic impact statement released by the proponent in September 2014 suggests that, if completed, tourism revenue could increase from $1.15 billion per annum to $8.9 billion; 15,000 jobs could be created.
By the end of 2015, I believe the data will show Gold Coast to have been one of the strongest markets in Australia.
But don’t be fooled, leopards don’t change their spots!
Gold Coast Mayor, Tom Tait, is a developer by trade and he is very pro-construction. There have been a number of large building applications lodged during the last 12 months. Significant oversupply is expected again in a few years time. Areas with a high concentration of new supply will include Southport, Coomera and Labrador.
Simon Pressley is managing director of <a href="https://www.propertyology.com.au/" target="_blank">Propertyology</a>, a full-time property market analyst, accredited property investment adviser, and Australia’s (REIA) Buyer’s Agent of the Year (2012+2013+2014).
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Sun set to shine on Gold Coast property market

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Auction price secrecy in Queensland extends beyond their auctions.
Last weekend was the second batch of auction campaigns when estate agents could be fined for giving out pre-auction price estimates.
But the price details after the 167 auction offerings <a href="https://www.homepriceguide.com.au/saturday_auction_results/Brisbane.pdf" target="_blank">last</a> weekend on Sturday December 13 across Brisbane were still scant. 
Sadly, just the 54 results were reported to Australian Property Monitors in the Domain Group. There were just 17 actual prices, so full disclosure on 10% of the offerings.
The prices ranged from $270,000 for a three bedroom house at Archerfield to a $1,875,000 sale at 42 Birkalla Street, Bulimba (pictured above). The 17 results had just the one passed in price.
Last week, <a href="/news/qld/brisbane-property-price-secrecy-even-after-the-auctions">the first batch since the 1 December introduction by the Queensland Newman government</a>, had post-auction price transparency for only six of the 140 auction offerings across Brisbane.
So there was some improvement in disclosure, which can be the foundation for 2015 fuller disclosure.
Click to open in new window:
<a href="/images/2014/12/15/bris-dec-15-one.jpg" target="_blank"><img src="/images/2014/12/15/bris-dec-15-one.jpg" alt=""></a>
<a href="/images/2014/12/15/bris-dec-15-two.jpg" target="_blank"><img src="/images/2014/12/15/bris-dec-15-two.jpg" alt=""></a>
Source: Australian Property Monitors
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