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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Wilston, located 3 kilometres out of Brisbane’s CBD, is a small prestige suburb with a recovering market. Sandwiched between Newmarket and Windsor and bounded at the south by Enoggera Creek, the suburb has a population of 3,872 people, according to the 2011 ABS census.
Kedron Brook Road, Wilston’s main retail strip, has seen significant redevelopment in recent years, pre-empting Brisbane’s urban renewal project.  The suburb is serviced by buses, and trains at Wilston Train Station. It is also close to the Royal Brisbane and Women’s hospital.
Wilston contains a mix of new units and older “Queenslanders”. According to Andrew Wilson, senior economist at Property Monitors, the suburb's strongest growth over the last 12 months can be seen in its mid-range properties.
"The median price in Wilston is around $800,000, making it a prestige inner-city suburb. But in the top end of the market, while there's been some signs of revival, it's certainly been patchy," he said.
"The homes in the $500,000 to $600,000 band have been doing well in the last year, after some weakness from the year before."
Ray White Wilston principal Alistair Macmillan agrees that the suburb's prestige homes have seen a downturn in recent years.
“Post-GFC we have experienced a lot of prestige buyers exiting the market. This meant that home owners wanting to sell were experiencing very little interest and offers, often resulting in homes being sold well under owners expectations,” he said.
“Over this time frame we saw a lot of homes on the market with very few selling. From 2008 to 2013 we have seen very little change in the median sale price, ranging from $400,000 to $500,000. The main reason for this was the lack of prestige homes that were sold, unlike the height of the market in the early 2000's where we say the median price increase to well over $1,000,000.”
But according to Macmillan, the prestige market has been strengthening over the last year. The buyers he encounters are mostly young families with professional occupations, drawn to the suburb's schools.
“The most encouraging signs recently have been a large number of homes selling over the past 12 months in the higher price ranges showing an increase in buyer confidence in this prestigious market.
“Over the past year there have been 9 homes sold in Wilston over $1,200,000, with the most number of sales being homes from $700,000 to $800,000. This is a great sign of consumer confidence not only in real estate but Wilston in particular. Last year Ray White Wilston sold the highest priced property on a 405 square metre block, which was $2,020,000.”
However, Wilson says that he is yet to see evidence of a sustained revival of the top end of Wilston's property market. 
"There's no sign of a sustained revival of prices in the prestige market," he said.
According to Wilson, Wilston's overall market will be seeing growth in later years. 
"Wilston's revival will happen at the later stages of Brisbane's momentum, once the market is up and running. We'd have to see a strong revival in the state's economy, which is on the cards. The trend will be up - but not quite yet."
<a target="_blank" href="mailto:jrichardson@propertyobserver.com.au">jrichardson@propertyobserver.com.au</a>
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jrichardson-uRX5hFdKfN

Suburb Spotlight: Wilston, a recovering market

<html><body>Australian Property Monitors (APM) has released a list of auction results in Brisbane for the weekend of February 8. <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>

po-LsXgBTHBmX

APM's Brisbane auction results for February 8 weekend

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It has been an interesting start to 2014. Traditionally we get quite a few tenants vacating in December.  This happened to a fair bit and if we don't have these properties re-let by mid to late December, the chance of reletting them drops each day.  Between the December 20 and the first business day back from New Year there is a very remote chance someone will be wanting to rent a property out.  

Traditionally on the first business day back from New Year there is a huge demand from people looking for rental properties.  We have a large number of people moving to Cairns for the start of the year - teachers, doctors, nurses, police, university students and TAFE students to name a few.  
We were back in the office for this when the phone simply didn't ring for the first week back - I started to worry.  
If you did a search for all available rentals in the Cairns greater region mid to late 2013, you would have found between 550 - 650 available rentals.  This covers an area from <a href="/news">Gordonvale</a> up to <a href="/news">Palm Cove</a>.  It also includes all rentals from a small budget studio, right the way up to an executive home.  For the first few weeks of January this figure was just over 900 or a 50% increase.  It has now gone down to 890 but it is still much higher than what we had prior to Christmas.  
We had a unit that became available just before Christmas.  It is small, but it is a really nice unit.  We have repainted it internally, had new lights and fans installed, new curtains and the furniture upgraded.  It presents really well. It has a kitchen with an upright stove, a fridge and even a washing machine in the bathroom.  These are really popular with people that are on a budget and don't want to share.  We were easily renting them out for $175 per week last year.  This particular unit sat for weeks without any one even asking to inspect inside.  I dropped the price to $170 per week and in four weeks we had a total of two inspections.  Fortunately a lovely Korean couple has taken it, but it was bringing back memories of the barrel which I just don't want to get back into.  
The level of enquires was lower but the "trash element" was so much higher.  It was not restricted to just this budget property, it went right the way through the available rentals.  Fortunately we have managed to clear most of the vacancies and just have a few left.  
I am hoping it is a combination of a few factors:  
<ul>
<li>
Christmas and New Year left over quiet phase
</li>
<li>
Wet season down time - it has been incredibly hot and humid
</li>
<li>
Brewing cyclone off the coast - this sent things quiet all this week
</li>
<li>
Later start to the year - school and contracts seem to be starting at the end of January rather than the traditional early part of January.
</li>
</ul>
Although we have dropped the rents slightly, they are still at higher levels than they were 12 - 18 months ago.  This is assuming that the property presents well internally.  I can't tell you how often the potential tenants tell us that the other properties they have seen are just awful - particularly when they walk into one of ours that presents well. 
This is going to be a key part of getting and keeping good tenants in 2014.  It is also crucial for us to be able to get higher rents.
Linda Tuck is director of <a href="https://www.plrealty.com.au/index" target="_blank">Cairns Property Ladder Realty</a>,  an independent real estate agency in specialising in property management, investment and sales expertise in the tropical Cairns region. 
 
<hr>
 RELATED ARTICLES:
<a target="_blank" href="https://www.propertyobserver.com.au/queensland/slow-start-to-the-year-for-cairns-local-market-update/2014021267563?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=news">Cairns market has well and truly turned and new developments could be a game changer</a> by Linda Tuck
Suburb spotlight: Cairns enjoying low vacancies
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ltuck-LoPRMkTfus

Slow start to the year for Cairns: Local market update

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Queensland’s central Logan area has once again jumped onto the radar as a potential hotspot, with some developments apparently holding a waiting list for prospective tenants due to the low vacancy rate, and a generally low supply for new stock.
<a href="/news">Marsden</a> and <a href="/news">Browns Plains</a>, in <a href="https://www.propertyobserver.com.au/queensland/suburb-spotlight-logan-investor-activity-surges/2013112466554" target="_blank">Logan</a>, with vacancy rates of sub-2%, have median prices around $300,000 and rents that can bring in up to $240 per week.
In our suburb spotlight on Logan late last year, Australian Property Monitors’ Andrew Wilson warned investors about this area.
"It’s always the ‘curse’ of the hotspot. By saying it’s a hotspot, there could be an overshoot of fundamentals. Gladstone was the flavour of the month, now the direction’s moving to Logan," Wilson said.
"Investors should beware of the ‘hotspot’. What goes up quickly comes down quickly as well," he warned.
Developments such as <a href="https://mintthomes.com.au" target="_blank">Mintt on MaCarthy in Marsen</a> and <a href="https://www.thepromenadeqld.com.au/" target="_blank">The Promenade in Brown Plains</a> (pictured below), are both said to have waiting lists with all currently built and sold properties fully occupied, according to official marketing material. The next stage of properties is apparently being rushed forward to meet demand, seeing rental rates rising above the median.
{yoogallery src=[images/stories/2014/02/04/log]}
Photo: The Promenade in Brown Plains
Urban Development Institute of Australia president (Gold Coast and Logan), David Ransom, said that the Logan corridor is often underestimated as a potential growth area in south-east Queensland.
"A lot of the focus is generally on Brisbane and the Gold Coast, but Logan has plenty to offer in its own right, with its position between two major markets, a growing economy and a solid pipeline of development - including the two new major cities of <a target="_blank" href="/news">Yarrabilba</a> and Greater Flagstone which will help cater for future population growth," Ransom said.
"The Logan region broadly has a lower median house price than its neighbouring cities, which makes it an attractive area for investors and young families looking for an affordable opportunity to position themselves at the centre of south-east Queensland's growth corridor."
However, this isn’t necessarily a brand new hotspot opportunity. Property Observer remembers discussions of Logan being the next area to buy, with some likening it to <a href="https://www.propertyobserver.com.au/new-south-wales/suburb-spotlight-mount-druitt-may-retain-hotspot-label/2014012167284" target="_blank">Sydney suburbs in Blacktown and around Mount Druitt</a> for high yields.
In fact, in October 2012, <a href="https://www.propertyobserver.com.au/queensland/logan-central-tops-list-of-brisbane-suburbs-with-top-unit-yields/2012102857466" target="_blank">Logan Central topped the list for the highest yielding units across Brisbane</a>.
We also featured a debate about this area, with <a href="https://www.propertyobserver.com.au/queensland/brisbane-tipped-for-growth-but-jury-out-on-best-location/2013090564807" target="_blank">Right Property Group’s Victor Kumar calling Logan undervalued due to stigma</a>, presenting good opportunities for buyers. Propertyology’s Simon Pressley, however, said that he does not invest there and considers it for more ‘unsophisticated’ investors.
The Promenade at Browns Plains has 120 three-bedroom townhouses, of which half have been completed and tenanted. The final release sees prices starting from $337,900.
Meawhile, Mintt on MaCarthy, in Marsden, has 20 completed and tenanted three-bedroom townhouses in stage one and 12 in stage two that are currently selling. These are priced from $336,900.
Both feature pools, barbecue areas, playgrounds and on-site managers.
jduke@propertyobserver.com.au
 
 
 
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jduke-EHk3XBmHkn

Logan catches attention as ‘hotspot’, but has the boom passed?

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According to the Real Estate Institute of Queensland (REIQ), vacancy rates are up across most of the state as the sales market picks up.
The vacancy rate in the Brisbane City local government area was at 3.2% at the end of December, up from September’s 2.3%, displaying “healthy levels of supply and demand”, according to the REIQ. The highest quarterly increase in the vacancy rate was recorded in inner Brisbane (suburbs within 5 kilometres of the CBD), which climbed 1.7 percentage points to 4.1%.
According to REIQ chairman Rob Honeycombe, new developments in Brisbane’s inner suburbs may have led to a slight oversupply of rental stock, while a decrease in interest from tenants is typical of the final quarter of the year.
“At end of the year we generally experience lower tenant demand as residents vacate for work transfers or the end of the university year. From mid-January, demand increases again as tenants begin their search for their new property,” he said.
The REIQ Residential Rental Survey was conducted in December across all of the state’s REIQ accredited agencies. Across the greater Brisbane area, about 40% of agents surveyed reported that investor activity had increased, but demand from tenants had remained strong, allowing vacancy rates to remain low.
The REIQ survey data shows that regional Queensland’s mining towns are experiencing substantially higher vacancy rates. Gladstone agents surveyed noted a surplus of rental property, with the Gladstone vacancy rate at 7.7% at the end of December. In September 2013, the vacancy rate in Gladstone was recorded as 5.8%, while it sat at 2.1% in December 2012.
Mackay also recorded a vacancy rate of 7.7%, due to a combination of oversupply and job losses. September’s vacancy rate for Mackay was at 5%. REIQ agents reported low application numbers for rental properties, with properties taking more than four weeks to fill.
However, conditions were favourable for landlords in Toowoomba, where a vacancy rate of 1.3% was recorded for December. Vacancy rates were also low in the Gold Coast, with a decrease of 0.4 percentage points since September, and the Sunshine Coast, where vacancy rates were down 0.3 percentage points.
Honeycombe noted that Queensland’s rental market has performed well in recent years, especially in comparison to the sales market.
“Over the past few years, it has been the rental sector which has been the better-performing segment of the market,” Honeycombe said.
“Now while the sales market returns to healthy levels of activity after a period of subdued volumes, the rental market is experiencing a slight easing of vacancy rates after a long period of tight rental conditions.”
<a href="mailto:jrichardson@propertyobserver.com.au" target="_blank">jrichardson@propertyobserver.com.au</a>
 
 
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Queensland’s rental market easing: REIQ

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It’s cyclone seasons for some unfortunate residents in Australia; however, the recovery process can be smooth for those who are prepared.
Archers Body Corporate Management North Queensland regional manager, Stephen McCulloch, said that more than 75% of their clients between <a target="_blank" href="/news">Townsville</a> and <a target="_blank" href="/news">Airlie Beach</a> would be in some way affected.
<hr>
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<a target="_blank" href="https://www.propertyobserver.com.au/finance/reducing-queensland-cyclone-insurance-premiums-independent-strata-study/2013102865992">Reducing Queensland cyclone insurance premiums</a>: Independent strata study
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The rebuilding and repairing process, as well as navigating insurance, will be the challenge for those ahead, said McCulloch.
“Insurance and the cost of repair has been a big issue for unit owners and bodies corporate in North Queensland since Cyclone Yasi,” he said.
“Depending on the type of body corporate, most policies will cover the structure of the building including internal fixed cupboards and walls but will normally exclude cover for carpets and air conditioners.”
Some policies may exclude flood cover, he noted, unless your body corporate chooses to include it. Ensure you check the policy document of your scheme’s insurance so there aren’t any surprises around what is and isn’t covered.
Tips for unit owners and bodies corporate post-cyclone damage: 
1) Act quickly – secure trades people and contractors to repair any damage as soon as possible. 2) If trades people aren’t immediately available, but the damage is urgent, contact the SES or other emergency services. 3) Use emergency provisions within the Body Corporate Act to authorise expenditure where appropriate. 4) Lodge insurance claims quickly to ensure any necessary assessment is carried out as soon as possible and refunds are received expediently. 5) Communicate with owners and occupiers in the complex, clarify the extent of the damage and what actions are underway, provide updates regularly and encourage owners to seek guidance and advice from the body corporate. 6) If the building is evacuated, determine an effective way to remain in contact with owners and occupiers. 7) Mr McCulloch said after the event it was a good idea to integrate these steps into an emergency procedure to mitigate damage if such an event were to occur again. 8) Alert occupants to check and secure any loose items on balconies. Ensure all outdoor furniture is secured. 9) Review past flood levels and consider what may be damaged if such levels are experienced again. Can assets be relocated to a higher floor? Can the lift be reprogrammed so it does not automatically descend into the flood waters upon power loss? 10)  Inform residents to prepare an emergency kit with a torch, battery operated radio, spare batteries, emergency contact details and first aid materials. 11)  Review existing insurance policies and ensure adequate cover is in place. 12)  Formulate a cyclone mitigation plan to be distributed to all owners and occupiers and consider what action will be taken in the event of a future emergency.
<ol></ol>
Source: Archers Body Corporate
 
jduke@propertyobserver.com.au
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12 steps for property owners in cyclone areas: Tips from body corporate

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With signs of recovery being seen in 2013, BIS Shrapnel is forecasting further strengthening of the off the plan apartment market in Brisbane over 2014 and 2015 before a period of softening.
Low vacancy rates, low interest rates, attractive yields and a strengthening Brisbane residential market are set to push the off the plan market from strength to strength, the research house believes.
Interstate demand will also help fuel this industry, according to the Inner Brisbane Apartments 2013 to 2020 report.
Subdued rent and prices are then expected to be seen by 2016, as a historic peak is seen in the inner Brisbane apartment market, with the potential to ease supply strains.
Senior project manager and report author, Angie Zigomanis, said that the inner Brisbane apartments are increasingly attractive with yields in many of these projects around the 5% mark and above.
“However, with many expecting that the Brisbane market has now bottomed out and the risk of further price declines is dissipating, the impetus to enter the market has increased,” said Zigomanis.
The high prices in Sydney and prospect of oversupply in Melbourne may be pushing interstate buyers towards this market.
“In previous market upturns, interstate investors have accounted for up to 40% of off the plan sales in inner Brisbane,” he said.
“In particular, buyers from New South Wales are likely to find the value proposition for apartments in Brisbane more attractive compared to prices of apartments in inner Sydney after the recent rises that have occurred there.”
Currently, BIS Shrapnel estimates that as of November 2013, over 4,000 apartments in inner Brisbane were under construction in projects scheduled for 2015/2016 completion, with 3,000 expected to see pre-sales hurdles before proceeding to completion around this time.
New apartment completions are therefore looking to increase from 1,300 dwellings in 2012/2013 to more than 2,000 in 2013/2014 and 2014/2015. This could see the numbers exceeding 3,000 in 2015/2016.
“This level of completions is likely to result in excess supply pressures emerging in the inner Brisbane market by 2015/16,” said Zigomanis.
“Together with the likelihood of interest rate policy being well into a tightening phase by this point, this will signal the peak of the market and the window for developers will begin to close.”
The peak will then put pressure on older stock to soften prices and rents. The one factor left undetermined in calculating this length of the weaker period is the number of projects that see hurdles and that are also restricted to certain tenants, such as through the National Rental Affordability Scheme (NRAS).
Price growth up until the 2015/2016 peak is expected to be around 5% per annum.
<a target="_blank" href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
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Investor warning: Brisbane apartment prices expected to soften in 2015/2016

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The sale of a waterfront property in Brisbane’s inner east has reached the record price for a Brisbane residence in 2013.
Negotiated by Place, the Hawthorne property sold through an extensive campaign, with tenders received by international and local investors.
The six bedroom home was completed on a 1,654 square metre block in 2008. With three storeys, it includes five bathrooms, a pool, a designated media room and a six-car garage with lift access. The riverfront property at <a href="https://www.realestate.com.au/property-house-qld-hawthorne-114475147" target="_blank">114 Virginia Avenue</a> also features a boat shed and patio.
{qtube vid:=TX5PIRRPdMU}
According to Place chief executive Damien Hackett, there was significant movement in Brisbane’s residential market last year.
“We saw great strength in the market over the last few months of the year, which has continued into 2014, with properties selling quickly as confidence markedly improves amongst both buyers and sellers,” he said.
“The sub-$1 million price bracket led the way in Brisbane’s regaining strength, but we have also seen a significant improvement in the top end, which started towards the end of 2013.”
Hackett says that the city’s prestige market had a stronger performance than expected, with the $7.5 million Virginia Avenue sale one of four properties that sold for more than $4 million each in a single week in December. He noted that the market for top end properties is generally linked to activity in the stock market.
“As long as the stock market keeps performing it will be positive for the higher end of the property market,” he said.
<a href="mailto:jrichardson@propertyobserver.com.au" target="_blank">jrichardson@propertyobserver.com.au</a>
 
 
 
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Waterfront Brisbane home makes late run to take out Brisbane's most expensive sale of 2013

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An April opening has been announced for the new Marian Town Centre in Queensland.
Developers Tipalea Partners have announced that the retail and services centre is soon to be completed and will open for business on April 5 this year. Tenants, which will include the only full-range Woolworths supermarket west of Mackay, will have access to their tenancies from early February, about eight weeks prior to the centre’s launch.
<img width="470" height="253" src="/images/stories/2014/01/23/marian-jan-23-two.jpg" alt="marian-jan-23-two">
Photo: Supplied
The Marian Town Centre will also include a dentist, a medical centre, a gym and various food retailers. According to Tipalea Partner’s managing director Scott Spanton, the developers have worked to deliver a diverse mix of tenants. Five vacant tenancies are left, with Tipalea still seeking a hair salon, a bakery, a real estate agency and more food retailers.
“The construction of the centre has gone well and it has provided a major economic boost for the Mackay region with the creation of approximately 210 direct jobs during the build phase,” Spanton said.
“Once the centre is up and running we estimate that it will generate approximately 250 permanent positions.”
The development will also include 280 car parks on the 7.5 hectare site. Spanton estimates that the centre will cater to about 8,900 people, a figure that he expects to increase to 12,000 by 2026.
<a href="mailto:jrichardson@propertyobserver.com.au" target="_blank">jrichardson@propertyobserver.com.au</a>
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Marian Town Centre set to open in April

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Coast Broadwater, the latest residential high-rise offering from Queensland’s Heran Building Group, has been launched to the market.
The Gold Coast development is to be released over three stages, and is a $100 million multi-tower development that provides waterfront apartments to those looking to purchase in the controversial Gold Coast market at <a target="_blank" href="/news">Broadwater</a>.
This may be a positive boost for the area after Harry Triguboff said he would quit the market last July, after the <a target="_blank" href="https://www.propertyobserver.com.au/developments/harry-triguboff-to-quit-volatile-gold-coast-market-after-one-last-high-rise-hurrah/2013072363516">release of the final stage of a $1 billion Brighton on Broadwater project</a>. However, it appears he then amended his outlook in December - <a href="https://www.goldcoastbulletin.com.au/news/gold-coast/highrise-harry-triguboff-returns-to-the-gold-coast-to-break-ground-on-400-million-luxury-tower-in-southport/story-fnj94idh-1226773876258" target="_blank">re-entering the market with another development in Southport</a>, as reported by the Gold Coast Bulletin.
Located on Labrador’s Marine Parade, the views are across Gold Coast Seaway and will potentially be onto the proposed Cruise Ship Terminal. It is close to Charis Seafoods and Grand Hotel.
The Cruise Ship Terminal has seen <a target="_blank" href="https://www.propertyobserver.com.au/news/eight-bid-for-broadwater-gold-coast-cruise-ship-development/2013021459343">a number of bids over the past year for its development</a>.
Stage one is to be released first with 124 resident-only apartments on 12 levels. There will be 45 one-bedroom, seven one-bedroom plus study and 72 two-bedroom units with prices from $299,000 upwards. This price was noted as 30% below other new apartments in the area, which was said to be achievable by disregarding "wants" and re-focusing on what property owners "need", said development manager Tim Kelly.
The construction on this stage has started with a completion date slated for September 2014.
The project should appeal to both owner occupiers and investors due to the value and location said Kelly. Stage one in particular will appeal to first home buyers, single occupants or couples looking to get into the market.
“Prior to developing Coast Broadwater, we undertook extensive market research and found there was a strong need for affordable new residential one and two bedroom apartments on the northern Gold Coast,” said Kelly.
“According to recently conducted research by Australian property expert Michael Matusik, 34% of local residents currently live alone and a further 31% live as a couple, which means the need for one bedroom apartments in the area is on the rise,” he said.
“We have achieved this by ensuring each apartment caters for what a buyer ‘needs’ rather than ‘wants’, allowing us to offer quality apartments well below the average asking price.”
Senior architect, Ian Hosking, said that the design is based on spacious, contemporary, open plan living.
“Each apartment has been designed to encompass fresh, neutral tones to reflect the development’s coastal ambiance, with the addition of large floor-to-ceiling windows and doors and expansive balconies,” said Hosking.
“Modern fixtures and finishes will feature throughout, including Caesar stone kitchen bench tops, stainless steel European appliances and ceramic tiles, while all bedrooms are generously sized, and come complete with built-in robes.”
Stage one also has a salt-water swimming pool, barbeque and social area, residents’ lounge and underground car parking. On-site management is also included.
jduke@propertyobserver.com.au
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Images are artist impressions.
 
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