<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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Currently Brisbane ranks as Australia’s third largest city with a population of 2,143,121.
Over the next five years the city is expected to grow by 11.2%, attracting some 215,000 new residents. By comparison Sydney is expected to grow by 8.1% and Melbourne 10.4%, while Perth is looking to out perform all its rivals with a growth rate of 16.5%.
Brisbane has a close association with the Gold Coast/Tweed and in combination this adds a further 605,134 to the population base of almost 2.8 million in the south-east region. The area is also expecting to grow at a rate of 11.2% over the next five years, which adds to the economic muscle and growth potential of the region.
However regardless of the continued rivalry between our capital cities, Brisbane appears to have all of the settings in place for a period of sustained expansion and that growth is going to change the character of the local real estate market, in particular the apartment market.
To look more closely, let’s first establish a general appreciation of the market in order to gain an understanding of the appeal of new developments in Brisbane. A brief summary of the immediate past and the big picture planning for the future will help take a fuller account of how Brisbane is now being propelled into the future and why it’s an emerging and appealing apartment market.
After 1982 and 1988 There’s Been No Looking Back
The 1970s Queensland, and particularly Brisbane had a somewhat dual character much of which was influenced by the Joh Bjelke-Petersen era. To some Brisbane was seen as a quaint place, where people ate their tea at 5.30pm, post cards featured jacarandas and poinsettias lining the streets, there were charity raffles and pesky paper-boys at the main city intersections and lots of bingo halls.
The city’s underworld of the 1970s and the 1980s was as active as anywhere else in Australia, but the Whiskey Au Go Go inferno of 1973 marked a turning-point of history. Then after hosting the Commonwealth Games in 1982 and The World Expo in 1988 Brisbane never looked back, the theme of Expo 88 was “Leisure in the Age of Technology” and it does appear that today some 26 years after Expo, that slogan appears to be a great combination of ideas for a city like Brisbane to prosper under.
Article continues on the next page. Please click below.
<hr class="system-pagebreak">
Future Vision
Brisbane’s ascendancy is also being directly strengthened by events such as the Group of Twenty (G20) Leaders Summit, on the 15th and 16th of November, the summit is Brisbane’s biggest event since the 1982 Commonwealth Games and Expo 1988. The Queensland government has also announced a four pillars policy to foster economic development and employment across tourism, agriculture, resources and construction.
The state government is also putting it’s efforts into the delivery of critical infrastructure, and has commenced work to ensure local councils have the power they need to better plan for the future growth of local communities. Policy settings will also include plans to create simplified, single state planning arrangements. Already the state government will transfer responsibility for South Bank to the Brisbane City Council along with management of the Roma Street Parklands.
While the CBD continues to evolve as an apartment market, the inner north (<a href="/news">Bowen Hills</a>, <a href="/news">Fortitude Valley</a>, <a href="/news">Hamilton</a>, <a href="/news">Kelvin Grove</a>, <a href="/news">Newstead</a>, <a href="/news">New Farm</a> and <a href="/news">Teneriffe</a>) and inner south (<a href="/news">Dutton Park</a>, <a href="/news">South Brisbane</a>, <a href="/news">West End</a> and <a href="/news">Woolloongabba</a>), inner east (<a href="/news">Bulimba </a>and <a href="/news">Kangaroo Point</a>) and the inner west (<a href="/news">Milton</a> and <a href="/news">Toowong</a>) are all popular developments and very diverse suburbs with a good variety of lifestyle and product options, which are of key importance for a flourishing apartment marketplace.
Price Indicators and Beyond
In the March quarter 2014 the value of the average Australian home was $546,000, the average weighted growth between the March quarter 2013 – and the March quarter 2014 was 10.9%, Sydney’s growth was 15.7%, Melbourne’s 10.9% and Brisbane 6.1%.
While in the June quarter 2014, the average Sydney apartment price was $650,000, in Melbourne $502,000 and in Brisbane $476,000 – and while Brisbane has seen a somewhat lower growth rate, it’s been consistent for eight consecutive quarters. However, average prices are to a degree an all-purpose measure and like all other capital city markets Brisbane has measured price variations across different areas.
We also appreciate that prices are just one measure, these figures are only part of the story, because clearly buyers and developers also need to be sure that other aspects of the market like lifestyle, infrastructure (both hard and soft or cultural), affordability (growth and employment) and new stock are all aligned.
Looking at Brisbane we see a number of dynamics coming into play. The variety of product being developed is now diverse, different locations are also responding with varied product and that diversity is welcome with appeal to both owner-occupiers and investors, the vacancy rate is tightening, approvals are growing and the population is growing while new projects are showing strong sales results, and it is generally agreed that in combination all of the indicators are positive.
As we start to see the state government’s vision for tourism, agriculture, resources and construction take shape the appeal of the Brisbane market, in particular the apartment market, is positive. 
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pchittenden-eLqUUC8TWW

Brisbane's growth will fundamentally change its residential market

jrichardson-uRX5hFdKfN

Terry Ryder's top 10 Queensland hotspots

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I’m seeing a rising tide of media talk that the Gladstone market has bottomed and now might be a wonderful time to buy there in readiness for the next up cycle.
This is very bad advice from people who will earn money if investors act on it and buy Gladstone real estate.
The worst is yet to come for Gladstone. The bottom won’t be reached until the three big gas projects finish construction and around 8,000 workers leave town. Only then will we see the how deep the Gladstone downturn can go.
The current situation is a vacancy rate of 6%, according to SQM Research. This is a lot better than the 10% vacancies at the start of the year and this, together with some mildly encouraging price statistics in a June Quarter report from the Real Estate Institute of Queensland, is seen by some as a sign that the market has turned the corner.
“Market stabilises in Gladstone,” said one newspaper headline, with market professionals quoted in the article claiming that Gladstone was “on track to bounce back amid growing confidence”.
Somewhat more realistic is the assessment from the Australian Manufacturing Workers Union, which has forecast a “jobs crisis” in Gladstone. It says there is already a “massive contraction in jobs in Gladstone industry” and it will get worse because of the “soon-to-happen mass exodus of 8,000 workers on the Curtis Island projects”.
The Curtis Island projects are the three processing plants which will convert coal seam gas to Liquefied natural gas. They represent investment totalling about $60 billion and are all well advanced in their construction phases.
You’d think the Gladstone property market would be pumping with all that economic stimulus, wouldn’t you? I had an email recently from someone who had bought there a couple of years ago and was “not happy” because the porperty had lost $50,000 off its market value. “What happened to Gladstone?” was the plaintive cry.
I’ll tell you what happened to Gladstone. Idiot developers happened to Gladstone. The visited a construction blitzkrieg on the central Queensland city, without too much regard to what their competition was doing.
They build far too much new dwelling stock, even for the current construction phase of the major projects, without considering what would happen to market demand when the construction ended and all those thousands of building workers left town in search of the next boom.
So those who own Gladstone investment properties, and are feeling uncomfortable right now, have more pain to come.
But you don’t buy real estate in resources towns unless you have the temperament and financial resources to ride the peaks and troughs. Gladstone has had previous booms, and those booms were followed by busts. Such is life in mining towns and regional centres reliant on the resources sector. If you’re not willing to tolerate that volatility, you shouldn’t buy in these places.
Even with the decline in values in resources locations in the past 12-18 months, the fact remains that the highest capital growth rates in Australia – by far – are in mining towns and resources regional centres. The capital growth rates (average annual rise in median house prices over the past 10 years) in places like <a href="/news">Port Hedland</a> and <a href="/news">Newman </a>in Western Australia have dropped markedly in the past couple of years - but they remain the highest capital growth rates in the nation.
If you buy in these places (and I personally would not) you have to be patience, resilient and able to accept the volatility of markets in high-risk locations.
Gladstone has a huge future. I see it as Australia’s leading industrial city. Those who own property there will get growth in coming years. But before we get to that point, there will be more pain.
So, no, now is not the time to buy there. The market will fall further. Nor is it a good time to buy in places like Port Hedland or <a href="/news">Karratha</a>, because those markets are declining also and have not yet touched bottom.
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>. 
Picture courtesy of Wikimedia Commons. 
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terryryder-YECXbqmri2

The worst is yet to come for Gladstone

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Renting can be an expensive business, depending on where you choose.
Looking at RP Data’s latest weekly median advertised rent for apartment suburbs across Queensland, we have compiled the top 10 most expensive places you can choose to rent in across Queensland, as well as their gross rental yields.
<ol>
<li>
<a href="/news">Tennyson </a>Weekly median advertised rent: $778 Gross rental yield: 4.39% The most expensive rental in Tennyson is a $1,500 per week three-bedroom, four-bathroom apartment with four car spaces. It’s a 10th floor penthouse in the Lushington complex. <a href="https://www.realestate.com.au/property-apartment-qld-tennyson-413612499" target="_blank" style="line-height: 1.3em;">At 227/205 King Arthur Terrace</a> (pictured above), the property includes a private reading deck, balcony, butlers preparation area in the kitchen, walk-in pantry and a media room. 
</li>
<li>
<a href="/news">Jacobs Well </a>Weekly median advertised rent: $723 Gross rental yield:  7.91% 
</li>
<li>
<a href="/news">Mackay Harbour </a>Weekly median advertised rent: $720 Gross rental yield: 7.53% 
</li>
<li>
<a href="/news">Hollywell </a>Weekly median advertised rent: $650 Gross rental yield:  5.50% 
</li>
<li>
<a href="/news">Brisbane City </a>Weekly median advertised rent: $610 Gross rental yield: 6.47% 
</li>
<li>
<a href="/news">Hendra </a>Weekly median advertised rent: $570 Gross rental yield: 5.96% 
</li>
<li>
<a href="/news">Bulimba </a>Weekly median advertised rent: $560 Gross rental yield: 5.09% 
</li>
<li>
<a href="/news">Newstead </a>Weekly median advertised rent: $560 Gross rental yield: 3.82% 
</li>
<li>
<a href="/news">Rockhampton City </a>Weekly median advertised rent: $553 Gross rental yield:  6.54% 
</li>
<li>
<a href="/news">Windaroo </a>Weekly median advertised rent: $535 Gross rental yield: 4.92%
</li>
</ol>
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Queensland’s 10 most expensive suburbs to rent an apartment

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Police are conducting controlled explosions at a Brisbane property after a real estate agent discovered a "chemical stockpile" during an inspection.
The recently vacant <a href="/news">Pullenvale</a> property was being inspected by a real estate agent on Wednesday.
In a detached shed on the property, it is understood the agent discovered drug paraphernalia and contacted the police.
Neighbours of the Red Cedar Road property were forcibly kept away as police assessed a the chemicals.
Acting Inspector Mark Bradford told the Courier Mail that there is a concern when chemicals were kept together, but said the ones on the property were widely available.
Here are <a href="/expert-insights/investing/seven-ways-to-detect-if-your-investment-property-is-being-used-as-a-drug-lab">seven ways to detect whether your property is being used as a drug lab</a>.
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Brisbane real estate agent discovers "chemical stockpile" during inspection

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Construction in Brisbane is on the increase, with the Rider Levett Bucknall crane index reporting 48 cranes on sites around the city.
Meanwhile, Teneriffe, <a href="/news">Newstead</a> and <a href="/news">Fortitude Valley</a> had more than a dozen cranes within four square kilometres.
Master Builders’ executive director Grant Galvin pointed to building approvals as a sign of the growing confidence.
“The industry’s confidence is reflected in total building approvals which had also risen around 25% over the past 12 months to June,” Galvin said.
“It’s interesting to note that 42.5% of approvals in the last 12 months are for multi-unit dwellings, mainly in Brisbane and the Gold Coast,” he said.
The 40,000 dwelling commencements forecast for 2014/2015 is expected to be exceeded, with current 2013/2014 financial year approvals at 37,000.
Premier Campbell Newman said that the construction sector’s strength is good for Queensland’s overall economy.
“Around 223,000 Queenslanders are employed in the construction industry, many more than two years ago and if these trends continue, we’re confident that we’ll see many more jobs created,” he said.
He pointed to the reforming of the planning and development approval systems, and the $15,000 Great Start Grant incentive, as other drivers behind the construction sector.
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Brisbane construction increases, 42.5% of approvals for multi-unit dwellings

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While Queensland’s rental markets are stabilising on the whole, five out of six of the regional markets in the state are still under stress and considered ‘weak’ markets, even with improving vacancy rates in four.
The Real Estate Institute of Queensland’s (REIQ) Residential Rental Survey, taken out across the REIQ-accredited agencies in June 2014, has painted a subdued picture for the six regional markets, and in particular notes high vacancy rates in Gladstone and Mackay.
REIQ acting CEO Antonia Mercorella said that rents had been softening in some of the regional centres, particularly mining areas where fly in, fly out (FIFO) has become the trend.
<blockquote>
"Gladstone’s rental market remains in oversupply, however the level of tenant and investor activity has returned to normal."
</blockquote>
“Median rents from the RTA (Residential Tenancies Authority) continue to soften in Gladstone, Rockhampton and Mackay,” she said.
“Gladstone’s rental market remains in oversupply, however according to local agents the level of tenant and investor activity has returned to ‘normal’ rental market conditions.”
Looking at 12 months ago, Gladstone’s median weekly rents in comparison have dropped significantly. For three bedroom houses, attainable rent is now $150 less, and two bedroom apartments are down by $140.
She noted that a similar situation is being seen in Mackay and Rockhampton.
Townsville is now recording the highest vacancy the region has ever recorded in the history of the survey and local agents have noted that below market rents are putting downward pressure on other rentals. Toowoomba is the only regional area with a positive story, having kept a tight vacancy rate of 1.5%, up marginally from the end of March. It has not been above 2% since December 2011. Here are the figures to know:
Bundaberg Down Weak March 2014: 4.5% June 2014: 4.0% Gladstone Down Weak March 2014: 6.4% June 2014: 5.6% Mackay Down Weak March 2014: 7.5% June 2014: 6.8% Rockhampton Down Weak March 2014: 5.6% June 2014: 4.8% Toowoomba Steady Tight March 2014: 1.4% June 2014: 1.5% Townsville/Thuringowa Up Weak March 2014: 4.7% June 2014: 5.4%
Source: REIQ
For a market to be considered ‘weak’, a vacancy rate of over 3.5% is recorded. For healthy, 2.5% to 3.5% is expected, and for tight anything under 2.5% applies.
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Five out of six Queensland regional rental markets weak, mining towns worst: REIQ

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Queensland’s 10 longest listings have been on the market since 2009, according to SQM Research:
According to data collected by <a href="https://www.sqmresearch.com.au/" target="_blank">SQM Research</a>, the state’s oldest listing in Queensland is a unit at <a href="https://www.realestate.com.au/property-unit-qld-north+booval-105928216" target="_blank">38/40 Gledson Street, North Booval </a>which has spent 1,911 days on the market. 
It is currently for sale at $280,000, originally listed at $298,000.
<ul>
<li>38/40 Gledson Street, North Booval — 1,911 days</li>
<li>267 Laceys Creek Road, Dayboro — 1,900 days</li>
<li>78 James Road, Beachmere — 1,801 days</li>
<li>8 Apollo Crescent, Beachmere — 1,801 days</li>
<li>136 Granard Road, Archerfield — 1,741 days</li>
<li>5 Hayden Street, Riverview — 1,741 days</li>
<li>2/199 Queen Street, Cleveland — 1,722 days</li>
<li>36 Patrick Street, Beachmere — 1,715 days</li>
<li>10 Prince Street, Beachmere — 1,673 days</li>
<li>97 Biggs Avenue, Beachmere — 1,645 days</li>
</ul>
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jchancellor-FAypfDUnLy

Queensland’s 10 longest listings all on the market since 2009: SQM Research

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The median price of a house in Brisbane was $475,000 for the quarter to July, according to RP Data.
Brisbane house values were down 0.2% for the month, but increased 6.9% on a yearly basis. The Queensland capital had the third-strongest growth of any capital city in the country for the 12 months to July, behind Melbourne and Sydney.
Many people use median figures to set their price expectations for an area - but what does a $475,000 Brisbane house actually look like? Property Observer looks at the city's recent sales to see what the median price will get you.
<ol>
<li>
<a href="https://www.realestate.com.au/property-house-qld-mansfield-117265463" target="_blank">84 Pareena Crescent, Mansfield</a> <img src="/images/2014/08/11/1.jpg" alt=""> This three bedroom, two bathroom brick home sold for $477,000 in July. The house sits on a 546 square metre plot in the Mansfield High School zone. Two of the three bedrooms have built in robes, and the open plan living spaces feature pine cathedral ceilings. It was purchased by the vendors for $400,000. Price: $477,000 Bedrooms: Three Drive to CBD: 15 minutes 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-qld-mitchelton-117290463" target="_blank">49 Glen Holm Street, Mitchelton</a> <img src="/images/2014/08/11/2.jpg" alt=""> Late last month, a three bedroom, one bathroom house secured $473,000 when sold in late July. The single storey home has built in wardrobes in all three bedrooms and the kitchen and dining area opens onto a covered entertainment area. The house is set on a 405 square metre block. Price: $473,000 Bedrooms: Three Drive to CBD: 15 minutes 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-qld-deagon-116916459" target="_blank">60 Station Road, Deagon</a> <img src="/images/2014/08/11/3.jpg" alt=""> Another three bedroom, one bathroom house sold around Brisbane's median price last month, with this Deagon home attracting $482,500. The home has open plan living and dining areas, with an open fireplace and 10 foot ceilings. The home sits on a 450 square metre parcel, with a utility room and workshop tucked in the downstairs area of the house. Price: $482,500 Bedrooms: Three Drive to CBD: 25 minutes 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-qld-keperra-117324855" target="_blank">45 Hermitage Street, Keperra</a> <img src="/images/2014/08/11/4.jpg" alt=""> This low set brick home has four bedrooms and one bathroom, selling for $475,000. The home's newly renovated kitchen, with the listing information stating that it was "barely used", separates two living areas. Set on a 628 square metre parcel, the home also includes a two car lockup garage. Price: $475,000 Bedrooms: Four Drive to CBD: 19 minutes 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-qld-jamboree+heights-116682875" target="_blank">Jamboree Heights</a> <img src="/images/2014/08/11/5.jpg" alt=""> A three bedroom, one bathroom house 14 kilometres south-west of the Brisbane CBD sold for $469,500. The house, set on a 589 square metre block, backs onto council-maintained parkland. Outside, there is an entertainment deck and in-ground pool, while the backyard has direct gated access to the park. Price: $469,500 Bedrooms: Three Drive to CBD: 17 minutes</li>
</ol>
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What does a median-priced house in Brisbane look like?

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The residential land market in South East Queensland is showing signs of a recovery in what would be the first green shoots for the area since the Global Financial Crisis, according to Ray White Commercial head of research Vanessa Rader.
Developers are set to benefit, with improvement in the market on the back of steady pricing and availability of finance.
“The demand for housing declined after the GFC due to more stringent lending criteria,” Rader’s Between the Lines, SEQ Residential Land Report explained.
“But we are now seeing the South East Queensland region’s first period of increase with areas such as the Gold Coast, Sunshine Coast and Logan City all experiencing a significant rise in lot registrations and lot production,” she said.
The low interest rates, favourable lending conditions and growing demand for residential property has Rader suggesting that an increase in lot registrations and strengthening lot sales will be seen in the next few months.
Over the past year, an increase in sales transactions has had an impact on vacant lot sale values as well in the area.
“The low in the market recorded in 2012 is now behind, with 2013 showing the first period of increase,” she said.
“Looking at each of the regions, Gold Coast is showing a strong comeback increasing lot production by 48.37 per cent in the year after being one of the first regions to decline supply.”
Over 35% growth in registrations across the year for the Sunshine Coast has also been seen, which she attributes to increasing consumer confidence and a stronger local economic climate.
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