<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.

"Eight residences is exceptionally boutique, but that's precisely what this site calls for.

“There is a strong community in Middle Park and the surrounding suburbs who have spent decades building a life here. They no longer want the maintenance of a large period home, but they aren't prepared to compromise on space, quality or location. We think there is a real opportunity to capture that hyper local market. A site like this rarely comes to market.”

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

<a data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Gardner Vaughan Group breaks ground on first Gold Coast development, Bronze on Chevron

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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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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jrichardson-uRX5hFdKfN

10 Brisbane properties under $300,000: SQM Research

<html><body>
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

<html><body>
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

<html><body>
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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po-LsXgBTHBmX

Sunshine Coast house price recovery underway: CoreLogic RP Data

<html><body>
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

<html><body>
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." 
</body></html>

Brisbane to be strongest 2015 capital behind Sydney: Domain Group

<html><body>
Brisbane, along with Queensland's regional property markets, continue to lag other states this property cycle, according to Macquarie Wealth Management.
"Brisbane is still very much the laggard for this cycle given the sluggish domestic economy, with periodic price falls still common particularly for the Brisbane unit market," Macquarie's latest report noted.
It was in part because Queensland continued to show population growth moderation as the recent mining boom subsided.
The lagging occurs even as prices emerge back into recovery and should exhibit strong price growth into 2015, it noted.
"There are clear macro reasons behind this slow recovery, due to weaker domestic growth and the slow pace of interstate migration out of both Sydney and Melbourne," the report said.
"Affordability levels in Brisbane are relatively good, given the recent price correction, which will offer a relatively larger buffer when mortgage rates eventually impact more significantly on affordability and pricing."
Macquarie's concerns relate to what it sees as "sluggish interstate migration and rising supply".
Noting the surge in construction activity in 2014 in Brisbane, it did concede that Brisbane had not seen meaningful supply additions for some years.
"As the mining investment cycle unwinds, both foreign and interstate migration into Queensland is slowing significantly – a trend that will tangibly reduce housing demand in these regions," it added.
Macquarie described the Australian residential housing market cycle as unfolding "largely as we expected".
"Low rates and good affordability had bolstered a moderate price upswing in 2013, initially out of Sydney (after 10 years of subdued gains) before it broadened out to Perth and Melbourne and finally to Brisbane, the clear laggard in this recovery cycle," the report noted.
"By late-2014 and into 2015, the stimulatory impacts from low rates have been largely realised.
"While further price gains ahead are still expected, the pace of growth is likely to be slower over the remainder of this upswing cycle.
"Medium term, the fundamental drivers of the Australian housing market are less favourable, but still firm overall.
"Housing demand is well supported, given solid migration, although that pattern of growth is still shifting clearly from resource-intensive states of Western Australia and Queensland back to the larger, more diversified states of New South Wales and Victoria.
"Developers are lifting supply in response, driving a surge in approvals and starts initially for units and apartments, but that supply is now broadening into detached housing as well."
Meanwhile Brisbane's off the plan apartment market has smashed its previous quarterly sales record with 1,621 unconditional transactions in the three months to December 2014.
The results as reported in Place Advisory's quarterly unit report equated to more than 135 off the plan sales a week in the inner-Brisbane market.
Place Advisory noted that level of quarterly sales outstripped the records set during the previous cycle, where 1463 unconditional sales were recorded in the June 2002 quarter.
Place Advisory noted that AMP Capital and Billbergia's Skytower was Brisbane's top performing project for the quarter with a registered 415 apartment transactions in total.
Place Projects director Bruce Goddard said the result showed Brisbane was experiencing an unequivocal boom in apartment buying.
"With approximately $2.4 billion worth of new and off the plan residential sales recorded during the year 2014, it shows the Brisbane residential market remains in massive demand consistently city-wide," Goddard said.
Apartments sold during the quarter showed a weighted sale price of $551,558 up from $545,478 in the threes months to September 2014.
Place Advisory director Lachlan Walker said he didn't believe these sales rates were sustainable longer term.
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The reasons behind Brisbane's lagging property market: Macquarie Wealth

<html><body>
GUEST OBSERVATION
With a population of approximately 170,000 people, Toowoomba is Australia’s second largest, non-coastal city, behind Canberra. It is the only zone in South East Queensland not to experience population growth above the national average over the last decade.
While its property market has teased with glimpses of green shoots every so often Toowoomba mostly underperformed over the last decade.
Situated 700 metres above sea level on the Great Dividing Range, ‘The Garden City’ is among rich volcanic soils. With agriculture among its economic mix, prolonged drought adversely affected the region for a few years, although new infrastructure has subsequently improved water security.
The city is a well established service centre for the Darling Downs agriculture industry, the expanding coal and gas industry in the Surat Basin, and the army aviation centre at Oakey. Toowoomba is also somewhat of an education hub with the well-funded South Queensland University, a few small university campuses and quality private schools.
A new, <a href="https://www.facebook.com/Propertyology" target="_blank">international-scale airport</a> officially opened in November 2014. This significant piece of transport infrastructure has the potential to <a href="https://www.propertyology.com.au/understanding-asian-century-key-to-success/" target="_blank">open up the region’s economy</a>. Qantas has already committed to a dozen flights per week to and from Sydney
Construction of the Wellchamp business park is currently underway and there is also a proposal for a nearby aviation school. $500 million is to be invested in expansion of retail facilities.
The tender for the <a href="https://www.propertyology.com.au/wp-content/uploads/2014/04/2014_09_Propertyology_MainEmploymentSectors_web.pdf" target="_blank">$1.5 billion Second Range Crossing</a> project is due to be announced early in 2015; construction should start shortly thereafter. This will significantly improve general public access between Brisbane and Toowoomba and significantly improve road freight safety and commute times.
Up and down housing supply from year to year has tended to keep pace with demand overall. <a href="https://www.propertyology.com.au/your-results/" target="_blank">Our research</a> suggests areas where new supply will be concentrated most include Highfields, Gowrie, Glenvale, and Westbrook.
<img src="/images/2015/02/25/Toowoomba_SupplyDemand_2006-2014.jpg" alt="">
Toowoomba is positioned along a national inland freight corridor and the proposed Melbourne-Brisbane inland port. Private and government investment <a href="https://www.propertyology.com.au/more-than-a-buyers-agent/">provides opportunities</a> for economic growth in tourism, agricultural, aviation, warehousing and logistics.
Simon Pressley is managing director of <a href="https://www.propertyology.com.au/more-than-a-buyers-agent/">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).
Photo courtesy of Porjo/ <a class="mw-mmv-license" href="https://creativecommons.org/licenses/by-sa/3.0/" target="_blank" style="font-size: 12.1599998474121px; line-height: 1.3em;">CC BY-SA 3.0</a>.
<h2>How to purchase high-performing investment properties: a free Propertyology eBook</h2>
 
 
</body></html>

spressley-sBoeMhannA

Toowoomba has underperformed, but new infrastructure is promising: Simon Pressley

<html><body>
The Queensland government will consider a ministerial ‘call in’ of the proposed Cedar Woods development at Upper Kedron in Brisbane.
Deputy Premier and Minister for Infrastructure, Local Government and Planning Jackie Trad, said she was using her powers under the Sustainable Planning Act 2009 to issue a proposed ‘call in’ notice for the Cedar Woods development application.
“Today I have notified all parties – the developers and the community – that I am considering a ‘call-in’ for the proposed Cedar Woods development,” Trad said.
The planning matter was raised during the election campaign with the community raising concerns around traffic impacts.
There were also concerns whether the development is in accordance with Brisbane City Council’s planning scheme — City Plan 2014.
Brisbane City Council approved the development on 11 December 2014 which consists of 780 lots with the potential for 200 lots based on a future potential road connection to Ross Road.
“The development is a significant subdivision on undeveloped and constrained land adjoining the Brisbane Forest Park," Trad said.
“For this reason, I consider that this development could potentially affect economic and environmental state interests of this part of the state.
“I also note that council’s decision is a departure from its planning scheme, which was only adopted in 2014."
All relevant parties now have 20 business days to have their say on whether the development should be called in, with a decision to be made by 29 April 2015.
</body></html>

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