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

Joel Robinson

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

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

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

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

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

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

Madeline by Mosaic delivers penthouse-level living across every apartment

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

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

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

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Queensland’s regional areas have seen the launch of the RegionsQ Framework this morning, with Deputy Premier and Minister for State Development, Infrastructure and Planning Jeff Seeney, saying he recognises the importance of the regions.
This plan’s framework has identified nine initial projects of regional significance that will provide a boost to their areas and much needed services.
These projects are:
<ol>
<li>North West Minerals Province</li>
<li>Galilee Basin Development</li>
<li>Gulf Rivers Agricultural Zone</li>
<li>Burdekin Catchment Development</li>
<li>Charlton-Wellcamp Precinct near Toowoomba</li>
<li>Cairns Airport Aviation and Commercial Precinct</li>
<li>Charlton-Wellcamp Precinct near Toowoomba</li>
<li>Springfield Health Precinct</li>
<li>Sunshine Coast University Hospital/ Kawana Health Precinct.</li>
</ol>
“Our government recognises that Queensland’s regions are the economic powerhouse of the state, with more than $140 billion worth of output produced outside Brisbane in 2010-11,” Seeney said.
“Since we were elected in 2012, our government has restored respect for the important role that regional Queenslanders plan in driving our state’s economy.”
They have six priority action areas for the regional areas, including planning for development, infrastructure services, capitalising on economic drivers and attracting/retaining people.
“We promised to support growth in the four pillars of the economy – tourism, resources, agriculture and construction and we are delivering on that promise,” Seeney said.
“We’ve simplified complex planning regulations, boosted investment in infrastructure, and untangled the red tape that had been strangling industry, business and landholders.”
The framework is based on the Governing for Growth Economic Strategy and Action Plan and looks to achieve the goals from The Queensland Plan.
11 forums will be held around Queensland’s regional areas over the next few months to seek feedback on the priorities. 
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jduke-EHk3XBmHkn

The nine projects at the centre of Queensland’s regional framework

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Units in Brisbane and the Gold Coast sold for a median price of $370,000 in the three months to June, according to RP Data-Rismark.
Brisbane and the Gold Coast have the cheapest median unit price on the eastern seaboard and are behind Perth, which has a median unit price of $440,000. For the month, Brisbane and Gold Coast unit values were up 1.6%.
Property Observer looks at recent sales to see just what a $370,000 unit looks like in Brisbane and the Gold Coast.
<ol>
<li>
<a href="https://www.realestate.com.au/property-apartment-qld-hope+island-116215299" target="_blank">8418 Magnolia Drive East, Hope Island</a>
<img src="/images/2014/07/07/brisbane_0004_bris%20july%207%20one.jpg.jpg" alt="">   This two bedroom unit sold for $375,000 late last month. Overlooking the <a href="/news">Hope Island</a> Golf Club and Lake Lugano, the unit is “a short buggy ride” to the nearby Marina shopping village. The apartment has two bathrooms, an open plan living area, two basement car spaces and 24 hour manned security. It was advertised as “FIRB [Foreign Investment Review Board] approved to buy for non-Australian residents”.
Price: $375,000
Bedrooms: Two
Drive to CBD (Gold Coast): 31 minutes
</li>
<li>
<a href="https://www.realestate.com.au/property-unit-qld-palm+beach-114501115" target="_blank">4/75 Jefferson Lane. Palm Beach</a>
 <img src="/images/2014/07/07/2.jpg" alt="">
A <a href="/news">Palm Beach</a> apartment, metres away from the beach, sold for $368,000. The tiled living area and each of the apartment’s two bedrooms have ocean views. The apartment also has one garage space, a separate workshop and a balcony overlooking the beach.
Price: $368,000
Bedrooms: Two
Drive to CBD (Gold Coast): 25 minutes
</li>
<li>
<a href="https://www.realestate.com.au/property-unit-qld-annerley-117083903" target="_blank">4/20 Sarah St, Annerley</a>
 <img src="/images/2014/07/07/3.jpg" alt="">
Sold in late May, this <a href="/news">Annerley</a> apartment secured $365,000. The unit has two bedrooms and one bathrooms, with views from Toohey Forest to Mount Cootha. The newly renovated top floor apartment has open plan living areas and an updated kitchen. The single car garage also includes an internal laundry and storage space.
Price: $365,000
Bedrooms: Two
Drive to CBD (Brisbane): Nine minutes
</li>
<li>
<a href="https://www.realestate.com.au/property-unit-qld-toowong-116920647" target="_blank">7/31 Bayliss Street, Toowong</a>
 <img src="/images/2014/07/07/brisbane_0001_bris%20july%207%20four.jpg.jpg" alt="">
This apartment in a brick block of 12 sold for $364,500 last month. The unit is located in <a href="/news">Toowong</a>, five kilometres west of the Brisbane CBD. Tiled throughout, the upper-floor, newly renovated apartment has two bedrooms, an air conditioned lounge and an updated bathroom. The vendors purchased the home ten years ago, for $210,000.
Price: $364,500
Bedrooms: Two
Drive to CBD (Brisbane): 10 minutes
</li>
<li>
<a href="https://www.realestate.com.au/property-apartment-qld-brisbane+city-116361711" target="_blank">128 Charlotte St, Brisbane City</a>
 <img src="/images/2014/07/07/5.jpg" alt="">
This one bedroom apartment with river views is situated right in the <a href="/news">Brisbane</a> CBD in Charlotte Towers. Located one block from the Queen Street Mall, the building has a gym, heated lap pool, outdoor plunge pool sauna and barbecue areas. The buyer can expect to pay $4,300 per year in body corporate fees and $1,900 a year in council rates and urban utilities costs.
Price: $365,000
Bedrooms: One
Located in CBD.
</li>
</ol>
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jrichardson-uRX5hFdKfN

What can you buy for Brisbane and the Gold Coast’s median unit price?

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“How much should I be paying?” It’s a common question that investors are right to ask about every aspect of real estate.

For Queensland investors looking to rent out their property, it’s all about the agent’s fee. Property Observer has looked to Fair Trading Queensland to determine what fees your agent should be charging you. This is for both residential and holiday lettings, and agents fees can be a number of charges including commission on rent and a letting commission.

Letting commission, or that once-only cost you pay at the start of each tenancy agreement, is for the agents costs of advertising the property and setting up the new tenancy. 
Of the rent your tenant pays, your property manager takes their portion and provides the rest to you.

In this case, Fair Trading notes that it’s the length of the tenancy that determines the cost. We note that the figures cited by Fair Trading are the maximum allowed commissions in all instances, and not necessarily the industry norms.

[smartcode_project:default project_id=27575]

For tenancies two weeks or shorter, the maximum is 50% of one week’s rent.

For more than two weeks to three weeks it is 75% of one week’s rent.

For more than three weeks to one year it totals one week’s rent.

For one to five years, the fee is 5% of one year’s rent. And for more than five years, it’s 7.5% of the average annual rent.

For commission on rent, this depends on whether they have charged you a letting commission.

If so, then it will be 5% of the rent for the first year, and 7.5% from then on. If not, then it will be 7.5%.

[smartcode_project:default project_id=26730]

Other charges may be seen for repairs or replacements at the property if they are required to supervise. This has to be agreed to in writing.

Finally, Fair Trading notes that for holiday letting the maximum for three months or more is 9% of the total rent, and for less than three months it comes to 12%.

They also note that some agents do not charge a letting commission on holiday rentals, which makes sense considering how many holiday rentals utilise online listings sites to find clients.
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The amount Queensland agents should charge for letting a property

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Eight contracts were issued in the past four weeks at Ramada Couran Cove Island Resort on South Stradbroke Island.
Located off the Gold Coast, Stradbroke Island is a sand island split in two by the Jumpinin Channel.
According to Ramada Couran Cove Island Resort chief executive John Muntz, the resort’s owners, Couran Cove Holdings Pty Ltd, had spent millions of dollars on upgrades and improvements. In January, the company took the resort’s apartments off the market to complete refurbishments and re-adjust pricing.
<img src="/images/2014/06/30/Ramada%20Couran%20Cove%20Island%20Resort%20-%20studio%20apartment%20interior.jpg" alt="">
“The response we have had since we released the apartments again has been very encouraging,” said Muntz.
Muntz said that the unseasonably warm autumn and winter months have resulted in high occupancy levels, with 100% capacity at the resort over Easter and the Queen’s Birthday long weekend.
A new departure terminal at Hope Harbour has allowed guests to take a 40 minute ferry trip from the mainland to the island.
“The new terminal has been a hit with a lot of people telling us that they feel their holiday starts the minute they step aboard the ferry as the ride over is spectacular,” said Muntz.
“Our future is very exciting and our current purchasers are recognising this opportunity presents itself only so often,” he said. According to Muntz, the resort’s marina was also popular with local boaties, who return on a regular basis to use the resort’s facilities.
“They like the fact that they can moor up, access power and water and then use the facilities like the swimming pool, the restaurant and Spa Island, and, if they choose, to the walk over to the beach,” he said.
“We have our regulars and have even started to serve some of them onboard their vessels when they order from the restaurant.”
<img src="/images/2014/07/01/Ramada%20Couran%20Cove%20Island%20Resort.jpeg" alt="">
The eight contracts secured in the last month involve local, Brisbane and interstate purchasers.
Refurbished studio apartments are marketed from $220,000, with a lease back of 7% net return over two years, with potential to extend the lease back period. The Ramada Couran Cove Island Resort properties have waterfront or rainforest views. 
“The one bedroom apartments start at $250,000 and we will be releasing the two and four bedroom apartments in the near future," said Muntz.
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South Stradbroke Island resort apartments on the market 

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I suppose you can’t blame them for trying. But you can blame them for the lack of originality and imagination.
People developing a residential estate in Mackay, where the market’s a tad unwell, are trying to pump up business. Their sales pitch? Now is the time to buy!
The market’s bottomed, recovery is just around the corner, so don’t delay or you’ll miss out. Compelling stuff.
First, a reality check on Mackay. A double-whammy has struck in the past 12 months. Demand inspired by the coal industry has fallen away, at a time when developers – always a year or two behind the play – have brought on lots of new supply.
At the end of 2012, residential vacancies were below 2%. In the 18 months since then, they’ve been rising steadily. They’re now 7% and they’re still going up.
A year ago in central <a href="/news">Mackay</a>, the median house price was a tick under $400,000, after 10% growth in the preceding 12 months, and rents were strong, providing a median yield of 6.5%.
Fast-forward 12 months and the median price is down to $355,000. Rents have fallen also and the median yield has reduced to 5.9% (Australian Property Monitors figures). It takes six months to sell a house, on average, and 13% is the typical discount to make a sale.
Around other parts of the Mackay market, it’s a similar scenario: prices down as much as 10% in the past 12 months, including a significant reduction in the past three months.
The clear message is: one, the Mackay market is down, and two, it’s still falling. This is definitely not the time to buy.
The bottom line is, this should not be happening. Mackay is a solid citizen of regional Queensland. It has lots going for it, including an export port, a strong agricultural sector and plenty of tourism. Even with the local resources sector in decline, its market would normally remain steady.
But developers did what they always do – they piled into what appeared to be a boom market and built too much too late. In their inimitable fashion, they’ve plucked defeat from the jaws of victory.
Do these people ever do any research? Do they notice that they’re not the only people trying to exploit a boom market?
It’s as if each operates in an isolated bubble and eventually wakes up, with: "Oh my god, I didn’t notice all those other projects being built at the same time."
So here we have one group putting out a press release, trying to convince people they should dash out and buy a home, preferably in their estate, which I gather is not excelling at the moment.
They say the current oversupply means great deals for buyers. And it says the market is tipped to recover in the second quarter of 2015.
So, let’s see what they’re saying. We’ve just ended the second quarter of 2014, and “property valuation experts” tip a recovery in the second quarter of 2015, so now is the time to buy?
I would have thought that, by this line of logic, early next year would be the time to buy. Right now, the market is still falling.
You can contact Terry via <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email</a> or on <a href="https://www.twitter.com/hotspotting" target="_blank">Twitter</a>.
Photo courtesy of eTravel Guide/<a href="https://creativecommons.org/licenses/by/2.0/" target="_blank">Creative Commons</a>.
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terryryder-YECXbqmri2

Mackay market is down and it’s still falling

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Toowoomba has a lot going for it, real estate-wise.
<a href="https://matusikmissive.com.au/wp-content/uploads/2014/06/Picture3.png"><img class="alignnone size-full wp-image-7422" src="https://matusikmissive.com.au/wp-content/uploads/2014/06/Picture3.png" alt="Picture3"></a>
The good news
The city has just entered a residential recovery.  It is Australia’s largest non-capital inland city. It is the ‘service town’ of the Surat Basin, which is expected to become Australia’s largest energy province.
Yet the city has a diverse economic base and now, a secure water supply.  Toowoomba already holds significant regional infrastructure and several new projects have just been announced.
The challenges 
The city, however, does face some challenges.
The largest is its changing demographics.  Toowoomba’s age structure is polarised, on one hand a significant proportion of its population is aging, whilst on the other a younger buyer and rental group is emerging.
<blockquote>
Toowoomba’s age structure is polarised, on one hand a significant proportion of its population is aging, whilst on the other a younger buyer and rental group is emerging.
</blockquote>
Yet with this demographic shift comes opportunities.
Market recovery
The ingredients that characterise a market recovery are all in place in Toowoomba.
A major regional city
Few realise how big Toowoomba already is, holding 160,000 permanent residents, with its population expected to exceed 200,000 within the next two decades.
The City services a much bigger area, acting as the ‘hub’ for much of the production which occurs west of Brisbane.
In a typical year for example, over half of the trade moving through the Port of Brisbane travels to or emanates from the Toowoomba area. 
Matusik Property Pulse™
Our modelling suggests a growing need for more residential construction in Toowoomba.
This, in turn, will further help increase employment.
Bottom line 
We do expect prices and rents to increase, and maybe sharply, over the next 12 to 14 months as Toowoomba’s recovery gains momentum.
Investors today can anticipate some price growth.  Rents should continue to grow, and most likely strongly in Toowoomba into the future.
But demographics drive the property market and Toowoomba’s twin age peaks (young and old) mean that price growth post 2016 is likely to remain subdued.
Be careful not to pay too much.
Visit Michael's <a href="https://www.matusik.com.au/" target="_blank">website</a>, read <a href="https://www.matusikmissive.com.au/" target="_blank" rel="nofollow">his blog</a>, follow him on <a href="https://www.facebook.com/ThinkMatusik?fref=ts" target="_blank" rel="nofollow">Facebook</a> and <a href="https://www.twitter.com/michaelmatusik" target="_blank" rel="nofollow">Twitter</a>, or connect via <a href="https://www.linkedin.com/in/michaelmatusik" rel="nofollow">LinkedIn</a>.
<a href="https://matusik.com.au/products/toowoomba-market-outlook-report/" target="_blank" style="line-height: 1.3em;">Go here</a> for the full Matusik Market Outlook Report on Toowoomba.
Photo courtesy of Alan Henderson/Flickr/<a href="https://creativecommons.org/licenses/by/2.0/" target="_blank">Creative Commons</a>.
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michaelmatusik-49YzLvdmNv

Toowoomba's shifting demographics an opportunity for investors

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The Australian Government Actuary’s latest strata title pricing report has the Insurance Council of Australia saying that the system in Queensland is efficient and that intervention cannot be justified.
This comes after the <a href="/expert-insights/north-queensland-strata-property-owners-slugged-with-massive-insurance-premium-increases">Strata Community Australia Queensland branch president Simon Barnard said that strata insurances had skyrocketed</a> – up 200% over the last five years in some instances.
This is the second report on Strata Title Insurance Price Rises in North Queensland, and ICA’s CEO Rob Whelan said that the conclusion is that North Queensland has much higher risk compared to other markets, and that pricing is “reasonable”.
“The Australian Government Actuary conducted a thorough and independent investigation using claims data going back to 2005-6. The report provides the facts about strata pricing in east coast and northern Australian insurance markets, and explains the complex pricing factors in play in the volatile North Queensland market,” said Whelan.
He said that the report notes insurers are not gouging and are instead providing appropriate risk-priced products after a period of underpricing, which now reflects the region’s exposure to cyclones.
“The report supports the evidence that insurers have provided to the Federal and Queensland governments since 2011, and also demonstrates that pricing is reasonable,” he said.
Despite noting that the prices are reasonable, Whelan said that they are looking into developing affordability initiatives looking to show the relationship between risk, available data and premiums.
“Market driven responses are the only practical and appropriate solution, and we implore governments to take this report into account before considering any form of intervention,” he said.
“The greatest risk for governments in market intervention is reduced competition and consequently further negative pricing pressures for consumers.”
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North Queensland strata insurance prices are reasonable: Insurance Council of Australia

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Just over a year ago I started pushing an argument for investment in Queensland regional centres <a href="/expert-insights/buying/change-is-the-only-constant-in-real-estate-terry-ryder">like Cairns, the Sunshine Coast and Hervey Bay</a>.
It seemed like a big call because those locations – and others with similar CVs – had been poor performers in the previous three, four or five years.
But with hotspotting the future is the most important thing and the past is often irrelevant – because, in real estate, things change.
Cairns, the Sunshine Coast and Hervey Bay had several things in common. They had struggled in recent times because their economies were dependent largely on tourism, which is volatile at the best of times and had been through a rough patch. Their property markets had suffered badly from oversupply and prices had gone backwards.
But it was apparent in the early part of 2013 that important changes were happening. The previous surpluses had been largely soaked up. Tourism was improving. Local councils were working hard to diversify their local economies and find ways to attract new business.
And, most importantly, big money was being directed into significant new infrastructure. Growth was on the way back to these coastal cities.
The latest quarterly Market Monitor from the Real Estate Institute of Queensland confirms that these locations, and a couple of other coastal cities, are back on the growth path.
In the March quarter the median house price for Cairns rose 5.6%, the Fraser Coast (Hervey Bay) was up 3% and the Sunshine Coast rose 2%. Other growth was recorded in Rockhampton (3%), Townsville (2%) and the Gold Coast (4%).
As I have often pointed out, median prices can be a dodgy way to gauge markets. But when all data is pointing in the same direction, you can start to believe it. Particularly when other research arrives at the same conclusion.
That other research is our charting of sales volumes, which show that many <a href="/expert-insights/investing/forget-the-gold-coast-its-regional-queensland-leading-the-charge">Queensland regional markets have strong forward momentum</a>, headed by Cairns, the Sunshine Coast and the Gold Coast, and followed by Hervey Bay and Townsville.
Another Queensland regional market that’s had my vote in recent years <a href="/expert-insights/buying/regional-hotspot-toowoomba-shows-great-investor-potential">is the inland city of Toowoomba</a>, and this is another location moving in a positive direction.
In many ways, Toowoomba has been the success story of Queensland real estate in recent times. Market Monitor published data on the percentage of recent sales which made a profit and Toowoomba led the state for houses with a 95% success rate, ahead of Brisbane at 95% and Rockhampton on 87%. It also led the field for units, with 92% of sales making a profit.
Toowoomba also has a low vacancy rate, at 1.4%, is the fastest-selling region in terms of average days on the market and recorded an 8.2% rise in its median house price over the year to the end of March, with the unit median up 6%.
These regional Queensland cities are poised for a sustained period of growth, boosted by population growth, growing economies and, above all, infrastructure spending.
You can contact Terry via   <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email</a> or on <a href="https://www.twitter.com/hotspotting" target="_blank">Twitter</a>.
Photo of Hervey Bay courtesy of Greg Schecter/Flickr/<a href="https://creativecommons.org/licenses/by/2.0/" target="_blank">Creative Commons</a>.
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Regional Queensland back on the growth path with sustained momentum

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Concerns about building approval lapses in the Mackay region has prompted the Queensland Housing and Public Works Minister Tim Mander to review certification requirements in high wind areas.
A compliance audit by the Queensland Building and Construction Commission inspected 112 properties and identified 11 which failed to meet acceptable framing requirements.
“Those results are unacceptable which is why we need to take a close look at the certification system as a whole,” Tim Mander said.
There are currently approximately 409 licensed building certifiers in Queensland, which represents about one third the number of certifiers registered within the states of New South Wales (1,298 certifiers) and Victoria (1,206 certifiers).
Due to the lower numbers, it has been suggested that Queensland’s certifiers are on average subjected to higher workloads than those practising within New South Wales and Victoria. The lower numbers have raised concerns about the capacity of Queensland certifiers to adequately undertake their legislative responsibilities, such as on-site inspections. 
Mander said the review would examine probity, conflicts of interest, quality and accountability for private certifiers to ensure the certification system was responsive to the needs of consumers and the industry.
“As well as looking at certification the review will examine potential improvements to the Building Act that will further cut costs and reduce delays,” he said.
The review will be led by construction-law barrister and licensed builder Andrew Wallace.
<a href="https://www.hpw.qld.gov.au/SiteCollectionDocuments/ReviewOfTheBuildingAct1975AndBuildingCertificationInQueenslandDiscussionPaper.pdf" target="_blank" style="line-height: 1.3em;">A discussion paper is available</a> with comments being sought until 25 July, 2014.
About 40% of the complaints about private certifiers received by the Commission relate to building development approvals being given without the prerequisite planning approval or in ways that are inconsistent with planning scheme provisions. 
There are approximately 409 building certifiers currently licensed in Queensland. Of these, around 347 are private certifiers. Australian Bureau of Statistics data suggests there were up to 108,877 building approvals issued last year in Queensland. The majority of these approvals are believed to have been issued by private certifiers as most local governments have withdrawn from providing in-house certification services. 
Private certification has reduced the income of local governments. 
The Commission currently receives 56 complaints about private certifiers per year (40% of total complaints received) related to planning matters, mostly from local governments. The matters are usually related to a certifier allegedly misinterpreting a local government planning scheme.
The discussion papers noted a perceived flaw with the system of private certification as the potential for conflicts of interest.
"As private certifiers perform a regulatory role, they must act in the public interest.
"However private certifiers usually have ongoing commercial relationships with individual builders who engage them to provide certification services.
"A potential conflict of interest may arise where a certifier may be tempted to enforce the building standards less strictly in order to preserve that commercial relationship."
Despite the potential for some improvements, there appear to be comparatively few complaints about certifier conduct in Queensland.
Article continues on the next page. Please click below.
<hr class="system-pagebreak">
While there were up to 108,877 building approvals issued last year in Queensland, the Queensland Building and Construction Commission receives on average 140 complaints per year about building certifiers. 
Of the total average complaints received, only 35% (or 49 per year) resulted in a negative decision and disciplinary action being taken against the certifier. This broadly equates to one complaint per 2,222 approvals per year.
The building legislation provides that buildings must be inspected throughout construction at the stages generally stated within the building development approval. It is usually the building certifier who decides what inspections will be required for any given project.
However, for detached houses, sheds, carports (class 1a and 10 buildings and structures) the building legislation prescribes minimum inspections to be conducted at certain stages. These mandatory, or “critical” inspections must be conducted at footing, slab, frame, and final stage. There is also a mandatory inspection for temporary fence stage inspections (swimming pools only).
Inspection guidelines assist certifiers to fulfil their legislative obligations regarding the critical inspections.
"Despite the existing inspection regime, the Commission encounters recurring building defects relating to wet area waterproofing, waterproofing of exterior decks and balconies and fire-separating wall construction. With the recurring nature of these defects, consideration may be given to increasing the number of mandatory inspections," the discussion paper noted.
The Building Act 1975 was introduced in Queensland in 1975 and prescribed, for the first time, standard building by-laws for all building work in Queensland. It commenced on 1 April, 1976.
The Building Code of Australia (now known as the National Construction Code) was introduced in the early 1990s and replaced the standard building by-laws. It introduced a nationally consistent set of minimum building standards.
In 1998, the system of private certification commenced in Queensland with the aim of improving efficiency and flexibility within the construction industry, and introducing competition into the choice of service providers. The system also reflected National Competition Policy reforms at the time.
There have been a number of reviews of the Building Act 1975 and the system of private certification since their introduction, including in 2003 and 2006. These reviews implemented a number of improvements including mandatory planning and regulatory training for certifiers, amendments to the certifier’s code of conduct, improved documentation requirements and introducing on-the-spot fines for building certifiers who failed to meet their legislative obligations.
In August 2011, the Queensland government commenced a further review of building certification and released the discussion paper Improving building certification in Queensland for public consultation. The results of the consultation and proposed improvements were being considered by government but the review process was put on hold when the Parliamentary Inquiry into the former Queensland Building Services Authority was announced. The discussion paper was subsequently referred to the inquiry for consideration.
On 2 August 2012, the Legislative Assembly directed the Transport, Housing and Local government Parliamentary Committee to inquire into and report on the operation and performance of the Queensland Building Services Authority in its regulation of the construction industry.
The Parliamentary Committee tabled its report in November 2012. The report contained 41 recommendations based on the information received throughout the public briefing, the public hearing process and written submissions.
The Queensland government provided its response to the report in May 2013 in the form of a Ten Point Action Plan released by the Minister for Housing and Public Works, the Honourable Tim Mander MP.
An implementation committee was established to oversee the implementation of all items in the Ten Point Action Plan and report back to government.
Action Item 9 of the Ten Point Action Plan committed the government to undertake a review of the role of private certifiers practising in Queensland. The item places an emphasis on probity, conflicts of interest, quality and appropriate accountability for private certifiers to ensure they adequately perform their functions. 
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jchancellor-FAypfDUnLy

High wind residential building lapses prompts Queensland inquiry into private certification

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The inner Brisbane apartment market is gearing up for a record sales boom in the second half of 2014, with pre-sale stock levels moving toward the market, Urbis have recently announced.
Their Brisbane Apartment Insights report noted that strong demand over the last quarter of 2013 has reduced stock levels for 2014, with demand pushing into this year.
Senior consultant for Urbis, Paul Riga, said that they’d recorded at least six development projects selling out ahead of schedule, resulting in minimal product on the market at the beginning of the year. “Developers are desperately trying to get their projects finalised, with about 40 to 45 new apartment projects expected to be ready for sale in the second half of 2014,” Riga said.
“This equates to 5500 apartments, which is a substantial amount for the market to absorb.” 
“This is an exciting time for Brisbane as it undergoes a major change, and there’s a great opportunity for many to get into the market,” Riga said.
The first quarter of this year saw a surge in inner Brisbane for luxury new apartments, Colliers International’s research has recorded.
Of the 591 new apartment sales, across 47 projects, more than 25% were luxury offerings.
Director of residential for Colliers, Andrew Roubicek, said that apartments in the $750,000 plus price bracket saw the greatest sales volumes growth compared to the same time in 2013. In February, they had noted that <a href="/news/qld/brisbane-apartment-market-on-the-rise-colliers">the market for apartments in Brisbane was on the rise</a>.
Apartments priced at $900,000 plus totaled 17% of sales.
The price breakdown can be seen below:
<img src="data:image/png;base64,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" alt="">
Source: Colliers International
They noted that the Abian development sold the most apartments in the first quarter, with 108 residences sold valued at $144 million, including the sale of two sky homes priced up to $5 million.
“On top of the robust demand from owner occupiers, the investment market remains a key driver of apartment sales activity in inner Brisbane,” he said.
“Due to the strong sales performance of premium stock the weighted average sale price for a new apartment in inner Brisbane has increased to $715,000, 25% above the five year average.”
Meanwhile, senior research analyst for Colliers, Alex Beer, said that 5,400 apartments have been approved in the 12 months to the end of March, the most experienced in a decade.
Of these, 1,198 were granted approval in the first quarter of 2014.
“About 3,200 apartments are expected to be released for sale this year as apartment living in the city increases, particularly in South Brisbane, Newstead, Hamilton and Albion,” said Beer.
“The volume of projects reaching completion may place upward pressure on residential vacancy.”
The off the plan Brisbane market, according to BIS Shrapnel, is <a href="/news/qld/investor-warning-brisbane-apartment-prices-expected-to-soften-in-2015-2016">expected to soften in 2016</a>.
Subdued rent and prices are then expected to be seen by 2016, as a historic peak is seen in the inner Brisbane apartment market, with the potential to ease supply strains.
Senior project manager and report author for BIS Shrapnel, Angie Zigomanis, said that the inner Brisbane apartments are increasingly attractive with yields in many of these projects around the 5% mark and above.
“However, with many expecting that the Brisbane market has now bottomed out and the risk of further price declines is dissipating, the impetus to enter the market has increased,” said Zigomanis.
The South Brisbane new development <a href="https://www.spiceapartments.com.au/contact%20" target="_blank">Spice Apartments in Brisbane</a> are set for a launch in nine days. It includes one-bedroom apartments from $425,000, two-bedroom from $495,000 and three-bedroom from $685,000.
An $85 million mixed-use residential tower, <a href="/expert-insights/buying/brisbane-s-trafalgar-lane-brings-melbourne-inspired-laneway-feel">Trafalgar Lane, at Woolloongabba</a>, was also launched last month.
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