ASX-listed developer <a href="https://www.apartments.com.au/developers/stockland">Stockland</a>&nbsp;is continuing its push back into the new apartment market, filing plans for a prominent gateway site between Collingwood and East Melbourne.

The development giant, which moved back into the new apartment space when it announced Stanton Place in Sydney's Rosebery and have since filed plans for a 50-storey tower, are jumping into the off the plan Melbourne market.

They are hoping to create a mixed-use neighbourhood precinct for <a href="https://www.apartments.com.au/new-apartments/79-81-victoria-parade-collingwood-vic-3066">79-81 Victoria Parade</a>, replacing an existing commercial building with a scheme by <a href="https://www.apartments.com.au/architects/john-wardle-architects">Wardle</a>&nbsp;for 478 apartments,&nbsp;ground-floor retail, new public open spaces and a publicly accessible pedestrian laneway.

<img alt="First look: Stockland plans new mixed-use neighbourhood precinct for Collingwood gateway site" data-entity-type="file" data-entity-uuid="72dbbca9-3918-4073-afad-a0c0c35be8e7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/stockland%20pers.png?VersionId=bzMVUKKxvwuNK1m0v_td126Rgct32uk_" />

The design report identifies the public realm as a central driver of the proposal.

"Collingwood has limited access to high-quality parks and public open space, and the proposal delivers valuable new areas for respite, social interaction and fine-grain retail activity."

The development would deliver a diverse mix of housing, including studio, one, two and three-bedroom apartments alongside townhouse-style residences. Two basement levels are proposed beneath the development, providing resident and retail parking as well as extensive bicycle facilities.

Wardle's design draws heavily on Collingwood's industrial character, using articulated building forms, brickwork and robust materials inspired by the suburb's warehouse and manufacturing heritage. The built form has been broken into a series of smaller volumes to better respond to the surrounding streetscape while extensive communal gardens, rooftop amenities and shared resident spaces are integrated throughout the project.

<img alt="First look: Stockland plans new mixed-use neighbourhood precinct for Collingwood gateway site" data-entity-type="file" data-entity-uuid="7b2135ed-65df-4253-ad53-f216f06bd467" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/stockland%20podium.png?VersionId=l1B6Hqn8zs772VxH6L1fDPg0KHshan9v" />

The planning documents describe the existing office building as offering little engagement with the public realm, with the redevelopment intended to create a more permeable and active neighbourhood destination.

"The proposed scheme presents a significant opportunity to deliver a vibrant retail plaza and a local neighbourhood hub serving both existing and future Collingwood residents."

The 79–81 Victoria Parade site occupies a strategic location about 1.5 kilometres east of Melbourne's CBD, at the threshold between Collingwood and East Melbourne. It is well served by tram services along Victoria Parade and sits within walking distance of St Vincent's Hospital, Fitzroy Gardens, the Fitzroy activity centre and a broad range of employment, retail and hospitality destinations.

Joel Robinson

Stockland plans new mixed-use neighbourhood precinct for Collingwood gateway site

An 1880s timber cottage that has survived Kangaroo Point's transformation from riverside suburb to high-density apartment precinct is set to become the centrepiece of <a href="https://www.apartments.com.au/developers/zephyr">Zephyr Group</a>'s proposed Banksia development.

Rather than see the locally heritage-listed Alpha Cottage as an obstacle to navigate, plans integrate the landmark home into a new 18-storey residential tower, giving one of the suburb's oldest surviving residences a new role as the project's communal hub.

The development application covers a 1,177 sqm amalgamated site at 127-133 Lambert Street and 30 Shafston Avenue, where Zephyr Group plans to deliver 64 apartments above three basement levels. Designed by <a href="https://www.apartments.com.au/architects/joe-adsett-architects">Joe Adsett Architects</a>, the proposal carefully weaves the retained heritage cottage into a contemporary residential scheme, with the tower elevated above the historic building to preserve its presence within the Lambert Street streetscape.

<img alt="First look: Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage" data-entity-type="file" data-entity-uuid="f9dc5bdb-d691-4c60-bf2b-c3ed405a3e75" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Banksia.png?VersionId=Jh4bjlewU.o8HXWt0V4KaFA_lPcF7KWM" />

Named after the native Australian Banksia flower, the project draws inspiration from its distinctive form through curved balconies, sculpted planter boxes and cascading subtropical landscaping that soften the building's profile.

As the design report explains: "The tower's identity is defined by its feature facade, drawing direct inspiration from the Banksia wildflower. The building departs from traditional rigidity through the use of elegant, GRC-moulded planter boxes that appear as if shaped by the breeze."

Plans propose 64 apartments, comprising 32 two-bedroom and 32 three-bedroom residences, across an 18-storey tower. Residents would have access to rooftop amenities including a swimming pool, spa, gym, sauna, private cinema, dining spaces and landscaped recreation areas, while more than half the site is dedicated to planting and open space.

<img alt="First look: Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage" data-entity-type="file" data-entity-uuid="16041b5f-033e-47fa-8fbe-9886e072c1f2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pool.png?VersionId=kpx5w4EbLx0_TdWfDoD1vrSs0_cZ5Ao1" />

The heritage component is the defining feature of the proposal. Constructed in the early 1880s and occupied from at least 1883, Alpha Cottage is recognised by Brisbane City Council as an important surviving example of Kangaroo Point's nineteenth-century residential development and as a representative transverse-gable timber cottage. Despite extensive redevelopment across the peninsula, the building has retained a high degree of its original form and internal fabric.

As part of the redevelopment, the cottage will be carefully relocated a short distance within its original allotment to facilitate construction before being returned to a prominent position along Lambert Street. Original verandah elements will be dismantled, catalogued and reinstated, while significant internal features, including timber flooring, wall linings, joinery, doors, windows and hardware, will be retained. Later additions, including the enclosed rear verandah, will be removed to better reveal the building's original form.

Once restored, Alpha Cottage will accommodate the building manager's office, mail room and parcel facilities, providing an active everyday use that supports its long-term conservation rather than preserving it as a static display. The heritage strategy also maintains landscaped space around the building, allowing it to remain visually distinct beneath the new tower.

<img alt="First look: Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage" data-entity-type="file" data-entity-uuid="43b027e1-576e-4624-a66c-7cc54ea8b7be" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/banksia%20tower.png?VersionId=2W6E2yfkj2AQlWlLeV986grA5zB9f817" />

The Heritage Impact Assessment concludes that "the proposal secures the ongoing occupation, maintenance and conservation of Alpha Cottage," finding the development would result in "no more than a minor impact on the cultural heritage significance" of the building while ensuring its long-term future.

Joe Adsett Architects have designed the tower to sit above the heritage building rather than overwhelm it, creating a clear visual separation between old and new. The development's flowing balconies, integrated planting and organic façade respond to Brisbane's subtropical climate while complementing the restored cottage below.

Banksia occupies a prominent corner in Kangaroo Point within walking distance of the Kangaroo Point Bridge, Brisbane River, ferry services, QUT, the CBD and the Woolloongabba precinct. The site also benefits from direct access to active transport infrastructure and sits within an area earmarked for continued higher-density residential growth.

Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage

Buying into a masterplanned community often means committing to a vision still years from taking shape. At <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a>, that vision is already visible.

Residents have moved into the completed first stage, landscaped spaces are established, and the next chapter is now underway. Stage 1 has been completed and settled, with Stage 2 now selling off-the-plan.

Designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a>, <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> combines attainable apartment living with sustainability initiatives rarely seen at this price point, including rooftop solar, battery storage and a resident EV-sharing program.

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Located on Schofi​elds Road, just moments from Tal​lawong Metro Station and Schof​ields Train Station, <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> has been designed to appeal to a broad mix of buyers, from first-home purchasers looking for a foothold in Sy​dney's property market to downsizers seeking a connected, low-maintenance lifestyle.

<a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> has been conceived as a thoughtfully planned masterplanned community that will evolve over multiple stages, with buyers now able to secure one, two and three-bedroom apartments within a neighbourhood that is already beginning to establish its identity.

One of the project's defining features is its focus on sustainability. Solar energy systems, battery storage and future EV charging infrastructure have been incorporated throughout the development, reflecting a long-term approach to both environmental performance and everyday convenience.

Sustainability sits at the centre of the development's vision, with solar energy systems, battery storage and future EV charging infrastructure integrated throughout the community.

That emphasis on future-ready living extends beyond the technology. Landscaped communal gardens, outdoor gathering spaces and plans for a future retail precinct aim to create a neighbourhood where residents can access daily conveniences without travelling far from home.

[smartcode_project:default project_id=149637 project_image_fid=351027]

The apartments themselves have been designed with liveability front of mind. Rather than chasing maximum density, the focus has been placed on creating practical homes with generous natural light, usable layouts and strong connections to outdoor space.

Importantly, these design principles have been applied consistently across the one, two and three-bedroom apartment offerings.

The appeal of <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> is also closely linked to its location within Syd​ney's rapidly evolving north-west growth corridor. Over the past decade, major infrastructure investment has transformed the area, with new transport links, business precincts and community facilities reshaping suburbs like Talla​wong and Schofiel​ds.

The agent says buyers are increasingly recognising the area's long-term potential.

"Typical buyers that we're finding across <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> especially are your first-home buyers, your investors, your upsizers as well as your downsizers," Hawes says.

Connectivity remains one of the project's strongest drawcards. Residents have access to both Tallaw​ong Metro Station and Schofi​elds Train Station, providing links to the Sydn​ey CBD, Norw​est Business Park, Macquari​e Park and other major employment hubs. Retail centres including Rous​e Hill Town Centre and Sch​ofields Village are also nearby, alongside schools, parks and future healthcare infrastructure.

[smartcode_project:default project_id=149637 project_image_fid=351031]

For Stage 1 resident Roji, it is the balance between convenience and comfort that has defined the experience of living at Kew.

"For me, it's a balance of quality and convenience," she says. "Everything I need is right here."

"If I wanted to catch the train, Scho​fields Station is just around the corner. Tallaw​ong Metro connects me to the city."

More importantly, she says, the development has delivered something that cannot be measured in floorplans or specifications.

"<a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> feels like home."

[smartcode_project:default project_id=149637 project_image_fid=351024]

As Stage 2 enters the market, that lived experience may be one of the project's strongest selling points. Buyers are not purchasing into an untested concept or a future promise. They are joining a community that is already taking shape.

Ongoing investment in transport, retail, healthcare and public open space continues to strengthen the appeal of Syd​ney's north-west growth corridor, while <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a>'s established first stage provides buyers with a tangible sense of the community's future direction.

For a limited time, buyer can secure a new home at <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> with just a $10,000.

[smartcode_project_cta:default project_id=149637]

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

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

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

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

Abadeen, PERIFA, top out Putney Wharf harbourfront precinct

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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A local investor has purchased a retail shop in the popular tourist destination of Noosa Heads on the Sunshine Coast for $1.575 million.
The 5/62 Hastings Street transaction reflected a net yield of about 7.4%.
The 61 square metre shop is leased to local business owner Poeta Herford on a five year lease.
Paul Forrest and Tracey Ryan of Ray White Commercial Noosa negotiated the sale.
“With the completion of this sale, supply of investment property in Hastings St has become extremely limited,” said Mr Forrest.
Ms Ryan noted that recent leasing activity in Hastings St had also seen vacancy rates tighten.
“Current projections will see a retail vacancy level in Hastings St of less than two% by Easter,” she said.
<a target="_blank" href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a>
 
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Noosa Heads retail shop sells to local investor for $1.575 million

<html><body>Australian Property Monitors (APM) has released a list of auction results in Brisbane for the weekend of February 15. <a target="_blank" rel="nofollow" href="https://www.homepriceguide.com.au/saturday_auction_results/Brisbane.pdf" style="font-size: 14px;">Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

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APM's Brisbane auction results for February 15 weekend

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The Clifton, a townhouse project in Queensland’s Toowoomba expecting significant investor interest, has seen the first concrete slab put down at one of its three sites.
In total, there will be 43 townhouses delivered <a href="https://cliftontoowoomba.com.au" target="_blank">within The Clifton development</a>, with this first site, Clifton on Blake, delivering eight. The other two sites are called Clifton on Anzac and Clifton on Vacy, and they will all be started and completed at separate times. However, these final two are expected follow the completion of the Blake site very quickly, in an estimated six to eight weeks.
The builder for the sites is Arden Vale Homes, who are located in <a href="/news">Toowoomba</a>. 
The next stage will be site drainage, after which the frames and roof trusses will be installed as the sewer line is replaced. This is expected to take five weeks.
This week, units one to four will see work beginning on replacing the sewer lines.
The Clifton on Blake is located at 5 Blake Street, <a href="/news">Wilsonton</a>, and has four three-bedroom townhouses and four two-bedroom townhouses. Special mention is given that it is located outside of a flood area.
Clifton on Vacy is located at 81 Vacy Street, <a href="/news">Newtown</a>, and includes six three-bedroom townhouses and 20 two-bedroom townhouses.
Clifton on Anzac sits on 86 Anzac Street, Newtown, and offers three three-bedroom townhouses and six two-bedroom townhouses.
<img src="/images/stories/2014/02/17/toowoomba-feb-17-breakout.jpg" width="470" height="264" alt="toowoomba-feb-17-breakout">
Photo: Clifton on Blake
They include stainless steel appliances and open plan designs split over two-levels, starting from $299,500 and 117.5 square metres. They vary in prices up to $355,500, however most seem to sit around the $320,000 mark.
The median sales price in Newtown, Queensland for a house is $268,250 with $300 per week in rent, while the median units sits at $236,500, with $268 in rent, according to RP Data.
Meanwhile, in Wilsonton, Queensland, the median price for a house is recorded at $274,000, with $290 per week in rent, with unit median prices sitting at $235,000, achieving $265 per week in rent.
They are being developed by Thirdi Property Group, who said that they identified an undersupply of quality medium density dwellings in this area, that may underpin strong demand for these homes. Thirdi focuses on providing investor stock, so it would be fitting that these properties may see a large number of investor purchasers.
Rental estimates from Colliers International place achievable weekly rent at $320 to $330 per week on a two-bedroom townhouse, and $370 to $380 per week on a three-bedroom townhouse (estimates for Clifton on Blake). You can <a href="https://cliftontoowoomba.com.au/development-overview/" target="_blank">see the rental appraisals online here</a>. Similar rents are achievable at the other two townhouse stages.
This comes to an estimated 5% to 6% yield unfurnished - however, promotional material suggests that adding a furniture package could boost this higher. The vacancy rate in the area, according to SQM Research, has been slowly on the incline for some months, yet it does still sit at a low 2%.
They have also, in conjunction with BMT, produced depreciation reports for the properties. The <a href="https://cliftontoowoomba.com.au/wp-content/uploads/2013/08/BMT-Tax-Depreciation-Estimate-Clifton-On-Blake-low-res.pdf" target="_blank">Clifton on Blake depreciation report</a> explains that the total depreciation estimate for year one of ownership for the two-bedroom townhouses is from a minimum of $8,207 to a maximum of $10,030, decreasing gradually through the years held. This amount is slightly higher on a three-bedroom townhouse.
NextHotSpot, who are connected with Thirdi, produced the following video of the area, showing developments that they believe will “turn Toowoomba into a logistics hub”.
{qtube vid:=boo4ojCcpts}
Toowoomba has also seen itself secure a place on a number of magazines' lists as a hot suburb; some multiple years in a row.
Clifton on Blake is expected to be completed in July/August this year, while Anzac and Vacy have August/September 2014 and September/October 2014 completion expectations respectively. Each is located near arterial roads and key shopping centre hubs.
<a href="mailto:jduke@propertyobserver.com.au" target="_blank">jduke@propertyobserver.com.au</a>
 
 
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jduke-EHk3XBmHkn

Toowoomba townhouses, The Clifton, lays down first concrete slab

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While we at Property Observer occasionally feel giddy over a good property, we try to draw the line at getting romantic about real estate. Clare and Terry Cantwell, of the Property Palace in Queensland, do not.
In their listing for <a target="_blank" href="https://www.realestate.com.au/property-house-qld-karana+downs-116003663">161 College Road, Karana Downs</a> (pictured below), the agents get positively swept away. The listing's opening lines:
BE MY VALENTINE!!! WITH THIS ROMANTIC COTTAGE!!!
Roses are Red, Violets are Blue, this romantic cottage could be for you!!!!
You dont need to go away for a romantic getaway as you can now live it everyday in this immaculate Chalet Style Home right here in Karana Downs!!
{yoogallery src=[images/stories/2014/02/14/kar]}
According to Clare Cantwell, she decided to take advantage of the holiday after viewing the property.
"I looked at it and I thought, the theme of the property is all red and white, it's a lovely cottage, and it's very romantic," she said. "I always think about the time of year [the property will be listed], and when I realised it was Valentine's Day, I thought, 'terrific!'"
Of her marketing strategy, Cantwell said, "It's not dull and boring, and it does grab people's attention. With a property like this, why not?"
While the property itself has plenty of charm, with exposed timber ceilings and a claw-footed bath, our favourite detail on the listing is Clare and Terry's photo (pictured below). The couple, who are both former police officers, are pictured in front of a bright red backdrop, with Terry delivering a truly arresting stare straight out of The Bold and the Beautiful.
<img style="display: block; margin-left: auto; margin-right: auto;" alt="batb-feb-14-one" src="/images/stories/2014/02/14/batb-feb-14-one.jpg" height="333" width="300">
With the property market so often dominated by doom and gloom or nail-biting anxiety, it's nice to see a little bit of love is still in the air. 
<a target="_blank" href="mailto:jrichardson@propertyobserver.com.au">jrichardson@propertyobserver.com.au</a>
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Be mine, dear...Karana Downs cottage?

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The first two papers reviewing the buying, selling and managing of property have been released by Attorney-General Jarrod Bleijie, and are now available for comment.
Looking to review Queensland’s Property Law, the two papers look to reduce red tape and regulation, said Bleijie.
“It is an exciting opportunity for property professionals, bodies corporate, property owners and the wider community to have their say in shaping this important review,” he said.
“It’s time we brought the property laws into the 21st century to help revitalise the market,” he said. This comes as the <a target="_blank" href="https://www.propertyobserver.com.au/queensland/property-occupations-act-s-impacts-on-qld-agents-michael-davoren/2013121666971">Property Occupations Act has also been undergoing review and changes</a>.
These first two papers are around seller disclosure requirements and body corporate lot entitlements.
The Commercial and Property Law Research Centre at the Queensland University of Technology have partnered with the government in creating these reviews.
“We want all consumers to be properly informed when it comes to buying property,” he said.
“This is about getting the balance right and having a system that promotes the future of the property sector.”
The plan to have these reforms was mentioned in August last year.
Currently, the report explains that there is no single legislative or common law source governing seller disclosure obligations in Queensland.
General principles of current seller’s disclosure obligations under common law include that:
Only latent defects in the seller's title need to be disclosed (e.g. interests registered on the title such as encumbrances, leases and easements).
A seller is not required to disclose defects in the quality of the title (such as land restrictions or contamination issues).
A seller provides no warranty as to the fitness of the property for the purpose for which it was purchased.
The review, which poses a number of questions to real estate professionals, explains that disclosure obligations are currently without underlying principles, leaving the onus on the buyer.
"[Taken] as a whole, the Queensland seller disclosure obligations have evolved over a long period of time without any underlying guiding principles, apart from attempting to address the possible information asymmetry arising as a result of the perceived effect of the doctrine of caveat emptor,” explains the report.
You can <a target="_blank" href="https://www.justice.qld.gov.au/corporate/community-consultation/community-consultation-activities/current-activities/review-of-property-law-in-queensland">submit comments to the review here</a>.
<a target="_blank" href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
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Property disclosure law up for review in bid to tackle “caveat emptor” doctrine, Queensland

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The terminally ill and the elderly are the suffering victims of one of the latest financial scams on the Gold Coast, leaving one investor forced to rent after losing his $900,000 property portfolio, according to the Gold Coast Bulletin.
Now 17 months after Senator John Williams’ exposure of All About Property Developments Pty Ltd, who was behind the scheme, it seems the victims are still struggling to see any help, with many in a stand off.
The development company scheme, that saw investors obtaining loans from Westpac, has the bank suggesting it is a “fraud matter for police,” the Gold Coast Bulletin reported.
The liquidator appointed to All About Property Developments apparently later found that it had no assets and owned $2.5 million to creditors.
The Bulletin’s investigation, the <a target="_blank" href="https://www.goldcoastbulletin.com.au/news/gold-coast/sick-victims-tired-of-wait-for-compensation-after-financial-scam/story-fnj94idh-1226822145548">latest of which can be read here</a>, has found that investors – some as old as 100 and were given 30-year loans – have lost almost $13 million collectively.
<a target="_blank" href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a>
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Cancer patients and pensioners found to be victims of Gold Coast financial scam

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One of the largest industrial properties within Brisbane's western corridor has been listed for sale with a leaseback from the vendor Hills Ltd.
The 17,455 square metre industrial facility, at <a target="_blank" href="https://www.realcommercial.com.au/property-industrial+warehouse-qld-richlands-501029711">70 Fulcrum Street</a> in <a target="_blank" href="/news">Richlands</a>, is being sold with a leaseback until 30 June 2015.
An expression of interest campaign is being led by Tim Armstrong, Mark Clifford and Greg Russell of Knight Frank.
Knight Frank’s Industrial Director, Mark Clifford said that the property’s position within a prime and tightly held location would be particularly appealing in light of Brisbane’s lack of opportunity of scale.
"Land supplies particularly in the south/west precinct of Brisbane continue to shrink", Clifford said.  "Radius Industrial City at Larapinta, Southlink Estate at Parkinson and Metro West Estate at Darra are close to 100% occupied.
"The recent deal with DB Schenker at Goodman’s Redbank Estate also highlights the quality of the Western Corridor as a location."
 news@propertyobserver.com.au
 
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One of Brisbane's largest industrial complexes listed with leaseback

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Luxury apartment complex, Evoque, in Queensland’s Kelvin Grove, is offering body corporate fees at $1,463 per annum as a selling hook for the development, with no gym and no pool offered.
The low rise development, consisting of two buildings with 10 apartments in each, has been designed in a way to avoid elevators and has not included amenities commonly seen in apartment blocks such as pools to keep the body corporate fees lower than other local complexes.
Considering body corporate fees are one of the much checked factors by those considering buying off the plan, this might just be a good strategy as investors remain wary of the fees eroding their return. Property Observer previously wrote about<a target="_blank" href="https://www.propertyobserver.com.au/landlords/low-rise-units-a-better-option-for-first-time-investors-than-high-rise-wbp/2012031953895"> low-rise being preferred over highrise due to the ability to fees and scarcity</a>. Similarly, excessive body corporate fees are regular headline-grabbing events in the property press, with <a target="_blank" href="https://www.propertyobserver.com.au/news/the-block-sky-high-buyers-face-%242234-quarterly-body-corporate-levies/2013072763595">The Block Sky High seeing buyers facing $2,234 a quarter</a> for the first year in body corporate fees.
<a target="_blank" href="/news">Kelvin Grove</a>, a northern Brisbane suburb, has a median unit price of $500,000, according to RP Data, with a 9.5% change in the median price over the past year. Median asking rent is around $435, representing an indicative gross rental yield of 4.5%.
Harcourts Solutions Inner City's Bridget Gabites said that the developer believes that in most complexes the pool and gym are rarely used, and therefore decided not to include them. Instead, there's a shared green space.
“What this means is very inexpensive body corporate costs, with only building insurance, administration and basic maintenance costs to service,” said Gabites.
While homeowners frequently desire the amenity of pool inclusions, many investors are not interested in the features, often seeing them as more of a benefit to the tenant than to their investment.
The 20 apartments are also said to be easier to increase rental returns due to less competition within the complex.
“In larger complexes rentals are priced competitively against others available in the complex, therefore often reducing rental return under heavy competition,” she said.
The apartments are also pet-friendly, and start from $368,000 for a one-bedroom, one-bathroom home with a car space. Two-bedroom apartments with a courtyard start from $495,000.
Value for money, particularly when comparing cost per square metre to other local apartments, is another hook being used to attract investors.
“The price per square metre of Evoque apartments starts at $5,456. When comparing this to similar developments in the area, the price per metre is $6,694,” she said.
One apartment in the complex, a 64 square metre courtyard apartment (one of just two with this feature) with two queen-sized rooms, built in robes, open plan living/dining and a carspace, was <a target="_blank" href="https://www.realestatebrisbanenorth.com.au/kelvin-grove-51-gibb-street-by-bridget-gabites">advertised for price negotiation over $495,000</a>. It is 132 square metres (including courtyard) and includes airconditioning.
Located at 51 Gibb Street, and offering access to a hospital, university, CBD and Kelvin Grove Urban Village, it’s also near a school.
The construction is now due for completion in March, although previous suggestions had been for a late-February completion date. In December 2013, four of the apartments were under offer.
<a target="_blank" href="https://www.propertyobserver.com.au/news/kelvin-grove-to-welcome-cs-development-s-third-project-victoria-park-residences/2013110766233">Another development in Kelvin Grove, CS Development Group’s third apartment project</a>, called 'Victoria Park Residences', features 118 one- and two-bedroom apartments on a 4,000 square-metre site. The development includes a pool, sundeck, barbecue facilities, gym and outdoor workout zone.
It includes one-bedroom apartments ranging in size from 68 square metres to 79 square metres, priced from $343,000, and two-bedroom apartments ranging in size from 83 square metres to 105 square metres, starting from $469,000.
jduke@propertyobserver.com.au
For the latest development listings, brought to you by Property Observer and partners, see our <a rel="nofollow" href="https://showcase.propertyobserver.com.au/">Investor Showcase</a>.
Images are artist impressions.
 
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No gym and no pool a selling point for Kelvin Grove’s Evoque

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The population figures of Pimpama “virtually doubled” between 2007 and 2012, according to the Gold Coast City Council, as the largest masterplanned community in the Gold Coast is underway by Mirvac.
With sales increasing at <a target="_blank" href="https://www.gainsborough-greens.mirvac.com">Mirvac’s Gainsborough Greens</a> in <a target="_blank" href="/news">Pimpama</a>, and a $30 million <a target="_blank" href="https://pimpamajunction.com.au/">Pimpama Junction Shopping Centre</a> is near having all the stores tenanted with opening expected mid-year, the rapid growth is expected to continue. With Visit Gold Coast noting it to be the "last" truly rural area left on the Gold Coast, it's unclear whether this status is set to remain for long.
{qtube vid:=PVKhkCCXLcA}
Halfway between the Gold Coast and Brisbane, on completion there will be more than 2,200 homes, including over 15 hectares dedicated to community-focused fields, such as sporting ovals. Within the development, 65% is dedicated to greenspace, with no home more than 300 metres of a park, playground or recreation area - with 17 parks on completion. The heart of the development is the currently existing 18-hole Golf Course. Community managed environment. Recreational facilities - swimming pools, tennis courts, gymnasium
Tipalea Partners, developers of the shopping centre, has six of the 21 retail spaces remaining in the centre, with tenants seeing the handover in May for fitouts. Trading should begin in mid-June.
Tipalea Partners’ managing director Scott Spanton said that they had initially planned to sell the asset once it was fully leased.
“However, we have decided to retain it as a key investment asset for the company going forward,” said Spanton.
“The amount of growth that has occurred in the corridor since we acquired the land in 2009 has been quite amazing and we believe that level of growth has a significant way to go," he said. Hutchinson Builders won the tender in May 2013.
A Woolworths Supermarket and 20 speciality tenancies will be in place, in what will be the only significant retail centre east of the M1 and north of the Coomera River.
Some of the tenants currently in the speciality shops include a pharmacy, Sushi Ho Ho, Brazilian Café, BWS, a medical and dental centre, My Barber, Hair Rocks, Bargain Mania, Zaza Kebab, Pimpama Bakery, Noodles, a Chinese restaurant, and Westpac and Suncorp ATM machines.
A real estate agency is being sought for tenancy, as are a pizza outlet, fish and chip shop, Indian restaurant and a major bank.
The state government has fast-tracked plans to build a new primary school, on Cunningham Drive North, for January 2015, a year ahead of schedule.
Gold Coast City Deputy Mayor, Donna Gates, said that building approvals in the area are up considerably, with renewed confidence after stronger tourism numbers were recorded this holiday season.
"Pimpama has already been confirmed as the future site for a district sized shopping centre and the new primary school, which will be adjacent to Pimpama State Secondary College, which opened last year, will provide further infrastructure to cater for this growth,” said Gates.
Meanwhile, Mirvac Queensland development director – masterplanned communities, Russell Berlee, said that there are already contracts on 65% of the homesites in the latest release – registered in late-November.
"In the last quarter alone we took 74 deposits, worth a combined total of just over $17 million," said Berlee.
"Interest in Pimpama is at an all time high, with buyers attracted by the location - mid way between the centre of the Gold Coast and Brisbane - the rural outlook, the amount and quality of new development underway and, at the same time, the relatively affordable prices,” he said.
Over the past three months, the majority of building approvals have been for home and land packages. Those priced between $420,000 and $470,000 have been especially popular with families and first time buyers.
Higher end demand is also said to be increasing, particularly for those fronting the Gainsborough Greens gold course – priced between $650,000 and $700,000.
Pimpama is home to Australia's only Zorbing outlet. It is 45 minutes' drive from Brisbane airport.
jduke@propertyobserver.com.au
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Gold Coast's largest masterplanned community underway

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There has been an announcement that the Aquis resort will be delayed for a year.  It still hasn't been approved by the state and local governments and it seems that the sticking point is the approval of the standalone license for the casino.  Getting a project this big approved and started within a year of the announcement was always going to be ambitious.  I think we will hear more over the next few months.  I personally think it will go ahead, and if nothing else, it has been the catalyst for the turn in the Cairns economy and confidence.  
For the past few weeks I have been doing some research for a few buyers.  I have to tell you that the market has well and truly turned.  You can still find a good buy, but they don't hang around long.  You also will be paying more for them than you were even three months ago.  To find a good two bedroom unit under $120,000 is near on impossible, yet before Christmas we had three that were purchased by investors for under $100,000.  
It is not often that I get the crystal ball out, but today I will make an exception.  Before I make my predictions I will go into some back ground information as not everyone has been following Cairns as much as we have.  
Cairns is a relatively new city and most of the building happened in three distinct phases.  The first was in the areas close to the city and <a target="_blank" href="/news">Edge Hill</a>. This would have happened in the very late 1970s and early 1980s.  The unit blocks that were built were either single level or two storey.  They tended to be in smaller blocks and I will guess that at this time there were a lot of duplex pairs that were built.  
The next building phase was between 1988 - 1995 and this was your bomb proof but certainly not pretty developments.  This includes the houses you will find in White Rock, Woree and Brinsmead to name a few.  These were constructed with besser blocks and most of them finished to a budget finish - the besser blocks weren't rendered internally or externally, the kitchens and bathrooms were basic in design and fit out and the fixtures and fittings were cheap.  
The unit developments of this era were mainly in the 5 kilometre CBD circle. This is up to <a target="_blank" href="/news">Edge Hill</a>, around to <a target="_blank" href="/news">Whitfield</a> and south to <a target="_blank" href="/news">Woree</a>.  There were some developments at the northern beaches and some further south down to <a target="_blank" href="/news">Edmonton</a> but the bulk were in the <a target="_blank" href="/news">Manunda</a>, <a target="_blank" href="/news">Manoora</a> and Whitfield area.  These were up to a maximum of three stories high.  The size ranged from a simple four pack up to 45 units.  There were also some duplex pair developments that were done, but if they could squeeze more onto the block - they did.  
The last building phase happened between 2003 - 2008.  This was cut short by the GFC - it literally ground to a halt overnight and the rest is history.  These developments were nice and on a much bigger and grander scale.  We had the development along the northern beaches, the Esplanade in the City and other inner city suburbs.  We also had the mega developments like The Lakes and Cairns One.  Housing was also on a much grander scale and to a much higher specification.  There were very few small developments and even fewer duplex pairs.  I guess the economies of scale just weren't there.  
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During the rise of the last property cycle, the units that were built in the first and second building phase were pretty much bundled together and sold for about the same price.  Obviously there were slight differences for location and fit out but generally this would be the price near the peak of the market in 2008  
Studio spartments - $80 - 100,000 - these is the really small ones at Chester Court, Jensen Street and even the motel style units at Anderson Road
Bedsit units $110 - 115,000 - this is the type that can be found at 85 Birch, 93 Birch and 55 McCormack Street.
One bedroom units - $150 - 170,000 - the better the presentation the better the price.
Two bedroom units - $220 - 240,000 - I know it is difficult to believe but you really couldn't buy a crappy one for $200,000
Duplex pairs - $500,000 plus.  Yes these are the same duplex pairs I wrote about recently that if you shopped around you could buy for $400,000 and under.
Houses - $300,000 plus.  This would be for a basic three bedroom, one bathroom home in the not so good areas.  
Now to put this into context for today market as it stands right now  
Studio apartments - $40,000 if you hunt around you may even get one lower.
Bedsit units $85,000 - potentially there is $30,000 if the market goes back to just 2007 prices
One bedroom units - $90 - 120,000 - these have dropped but not as badly as the two bedroom units.
Two bedroom units - $95 - 140,000 - if they just go back to 2007 prices there is potentially $100,000 capital gains to be made.
Duplex pairs - $350 - 400,000 - these have gained $50,000 in price since we started tracking them 18 months ago. The fact there are so few pairs around will see the prices go up quickly.
Houses - $250 - 300,000 - this is for your basic home in <a target="_blank" href="/news">Woree</a>, <a target="_blank" href="/news">White Rock</a>, <a target="_blank" href="/news">Manunda</a>, <a target="_blank" href="/news">Manoora</a> etc.  These too have gained ground in the past six months.  You had your choice of houses about six months ago for $250,000 and under.  To find a good house with two bathrooms for under $300,000 is nearly impossible now.  You can find a three bedroom, one bathroom for under $300,000 and these are still worth looking at if this is your strategy.  
The fact that we haven't had any building in seven years, the economy is getting better, the vacancy rate is low and the rents are increasing are all positive factors.  The fact that interest rates are at historical lows is another bonus.  
The game changer is Aquis and the other projects that will follow on.  This will put further pressure on rents and when the investors start to come out and see the prices compared to the achievable rents, they will take notice and start buying.  I am already seeing this now.  I am dealing with more buyers now than I have dealt with all 2013 put together.
I know that some will say that the body corporate levies will put the investors off.  For this example I will use Palm Tree Apartments.  There are 44 units in the complex.  Before the huge insurance increases came in the premium was $6000.  The premium we just paid in May was $32,500.  
For the bedsits they used to pay $93 per year and now they pay $508 or an increase of $415 per annum, or $8 per week
For the two bedrooms they used to pay $186 and now they pay $1016 or an increase of $830 per annum, or $16 per week.  
I know that the other outgoings have also increase, landlords insurance, council rates and water charges - but these haven't been as high.  For this case I will use a bedsit unit.  At the peak of the rental market the highest we achieved was $155 per week.  We are now consistently renting them out for $175 per week and this is set to increase as the rental market continues to tighten.
Linda Tuck is director of <a target="_blank" href="https://www.plrealty.com.au/index">Cairns Property Ladder Realty</a>,  an independent real estate agency in specialising in property management, investment and sales expertise in the tropical Cairns region.
                   
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