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

Joel Robinson

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

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

Lowe Living unveils Middle Park apartment development

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

DVB Projects to launch second Broadbeach apartment tower as demolition commences

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

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

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

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

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

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

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Brisbane has welcomed its first international hotel in more than a decade, with Starwood Hotels opening its Four Points by Sheraton in the city centre.
State Minister for Tourism, Jann Stuckey, said it showed confidence in the sector, which the government promised to grow as one of the four pillars of the economy.
The Four Points hotel boasts 246 rooms and suites and is expected to contribute to visitation numbers by bringing thousands of guests each year.
The Newman government is aiming to double annual overnight visitor expenditure from $15 billion in 2010 to $30 billion by 2020.
Ms Stucky described the new hotel as "big boost for the local precinct" and that it was another step in the revitalisation of this part of the city’s CBD, which would see "significant redevelopment in the coming years".
<a href="mailto:news@propertyobserver.com.au" target="_blank"></a><a href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a>
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kjiminez-eaYKfU7qd2

Four Points by Sheraton hotel opening in Brisbane city centre a "big boost for the local precinct"

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Investors with properties in North Queensland towns of Collinsville and Merinda have been reassured by Deputy Premier, and Minister for State Development, Infrastructure and Planning Jeff Seeney, that the urban areas in these two towns would be excluded from the Galilee Basin State Development Area.
While he wasn’t giving anything away as to if a State Development area will necessarily be declared, he did say that those who had received past notifications that they may be affected could now have their fears reduced.
Member for Burdekin, Rosemary Menkens, said that it is a relief to landholders in her electorate.
“Under a broadly proposed SDA, landholders received notification that their properties may be impacted with construction of the vital rail link to the Port of Abbot Point, however they have now been given assurances that these urban areas will be excised from the SDA if and when it is declared,” Menkens said.
“Our small towns have been struggling. They have been waiting for too long while Labor and the Greens have delayed these infrastructure projects which will bring the jobs and prosperity needed to once again breathe life into the local economy,” she said.
Seeney said that feedback from the communities, as well as further planning for the rail, had allowed broad areas of the town to be excluded.
“The proposed Galilee State Development Area is designed to facilitate the construction of rail corridors to carry coal from potential Galilee Basin mines to the Port of Abbot Point,” he said.
“Residents in these urban areas can now be assured their properties will not be affected by proposed rail lines in the future and I anticipate further refinements to the proposed State Development Area as consultation continues.”
In <a target="_blank" href="/news">Collinsville</a>, properties that are in the area encompassing the existing rail network and bound by where the Bowen Development Road crosses Pelican Creek and the foot hills of Mount Devlin will be kept out of the SDA.
In <a target="_blank" href="/news">Merinda</a>, the area between the Bruce Highway and Jackson Street adjacent to the existing rail lines will be excluded from the proposal.
jduke@propertyobserver.com.au
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jduke-EHk3XBmHkn

North Queensland residents have property fears allayed by development clarifications

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Brisbane, in recent years, has achieved prime status with investors due to its lower entry level price and comparatively strong yields.
However, powerhouse regional town Gladstone in central Queensland has long been an investment hotspot, making its way on to top suburb lists across the country.
So, which one would you choose to park your money in? <a href="/news">BRISBANE</a> 
Bonus reading: <a href="https://www.propertyobserver.com.au/queensland/brisbane-s-most-popular-suburbs-too-expensive-try-the-10-hidden-gem-suburbs/2013082964581" target="_blank">10 hidden gem suburbs in Brisbane</a> 
Lachlan Walker, director of <a href="https://www.propertyobserver.com.au/news/brisbane-markets-strength-to-muscle-up-further-in-2014-place-estate-agents/2013123167060" target="_blank">Place Advisory is bullish on Brisbane</a>, calling it the key business district for South East Queensland, and a hub of commerce, professional services and industry.
“Over recent years Brisbane’s property price growth has slowed considerably against its southern counterparts, creating the ideal buyers’ market today, but Brisbane’s population is still expected to grow by over 9,000 people each year; meaning there is an underlying demand for new homes and rental accommodation,” said Walker.
“According to the SEQ Regional Plan, there is a forecast need for at least 138,000 new infill apartments to meet Brisbane’s predicted population growth, illustrating that residential property is in hot demand.”
However, <a target="_blank" href="https://www.propertyobserver.com.au/queensland/investor-warning-brisbane-apartment-prices-expected-to-soften-in-2015/2016/2014012967432">BIS Shrapnel is expecting apartment prices in Brisbane to soften</a> over the next few years after strength this year in the off the plan building sector.
In previous market upturns, they noted that interstate investors have accounted for up to a massive 40% of the off the plan sales in inner Brisbane, with New South Wales buyers being pronounced – finding the apartment prices far more accessible than those of Sydney.
With Sydney’s prices still increasing, this seems likely to continue.
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.
Across Brisbane, the median house price is $470,000, while in Brisbane City it sits substantially higher. Meanwhile, the median unit price sits at $383,000 across the entirety of Brisbane.
“Yes, the top end suffered losses from those who over extended themselves, but Brisbane’s middle market continued to transact as people took the opportunity to trade and upgrade,” said Walker.
<a href="/news">BRISBANE CITY</a> Median house price: $662,000 Median weekly asking rent (house): $560 Indicative rental yield: 4.4% Median unit price: $461,500 Median weekly asking rent (unit): $630 Indicative rental yield: 7.1% (Source: RP Data) Vacancy rate: 6.3% (Source: <a href="https://www.sqmresearch.com.au/graph_vacancy.php?mode=p&amp;postcode=4000&amp;t=1" target="_blank">SQM Research</a>) <a href="https://www.sqmresearch.com.au/graph_vacancy.php?mode=p&amp;postcode=4000&amp;t=1"></a> 
<a href="/news">GLADSTONE</a>
Recently, Property Observer asked <a href="https://www.propertyobserver.com.au/news/is-the-gladstone-market-positioned-to-crash/2014011567210" target="_blank">whether Gladstone was positioned to crash</a> after there was talk of skyrocketing vacancy rates. The fact that this question is asked says something of the general view of the risk prevalent in markets similar to Gladstone.
Despite this, there is an element of the ‘sky falling’ with these sorts of sensational comments, explained director of property management and leasing Ray White Gladstone, John Fieldus. While the vacancy rate got close to 9% the week before Christmas, this is actually said to be normal for the market. In January it returned to close to 3.5%. Despite this, SQM Research still records the vacancy rate near to 9%.
“I’ve been a property manager for 25 years and it’s very sensational what is being said.
“It’s like an ebb and flow effect, a lot of tenants do transfer, it’s a very transient sort of town,” Fieldus said.
This strongly contrasts with the predictions being made mid-2013 that prices for houses would drive upwards of $900,000 by 2018. The study, from Central Queensland University was commissioned by Lyons Capital – they were developing in the area at the time of the study.
LJ Hooker Gladstone director <a href="https://www.gladstoneobserver.com.au/news/median-house-at-900k/1903750/" target="_blank">Mark Spearing told The Gladstone Observer</a> at the time that this was pure speculation.
The area has grown substantially over the past few years, and often it is pointed to as a town that offers diversity as well as the bullishness of a mining town investment area.
With the fifth largest multi-commodity port in Australia and the world’s fourth largest coal exporting terminal, it has become a focused hub. Despite some of the diversity, it has seen adverse impacts from the mining sector downturn over the past two years, Walker warned.
“This uncertainty resulted from a significant decline in employment opportunities and is reflected in the ongoing decline in the level of sales transactions,” he said. “Unlike Brisbane, Gladstone is a rare example in the Australian property market that defied the immediate wider Queensland market contraction post GFC, only to suffer the effects of a mining recession years later, and arguably to a greater extent,” he said.
Apartment sales across Gladstone through 2008 to 2011 saw figures peak just short of 10 year highs, with a median driven to $465,000.
“However, the market performance in Gladstone has been tightly linked to the demand resultant from the mining industry in the local area,” said Walker. Prices soon came back to $365,000 as of the December 2013 quarter, with an 18% softening over the past 12 months.
“Therefore, unfortunately as quickly as the Gladstone apartment market went up, so too did it go down”.
<a href="/news">GLADSTONE</a> No statistically reliable information available for medians and rents Vacancy rate: 8.8% (Source: <a href="https://www.sqmresearch.com.au/graph_vacancy.php?mode=p&amp;postcode=4680&amp;t=1" target="_blank">SQM Research</a>)  
{module Where would you buy an investment property: Brisbane or Gladstone?}
<a href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
                            
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Brisbane v Gladstone: Where would you invest?

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A $16.5 million development site in Brisbane’s Newstead, at the Gasworks riverside masterplanned community, has been purchased by Tom Dooley Developments.
The <a target="_blank" href="/news">Newstead</a> site has been bought as part of the shopping and restaurant precinct and fronts <a target="_blank" href="https://www.tdd.com.au">Skyring Terrace at 30 Festival Place</a>. 
The intention is for a 25 storey mixed-use development, and planning is currently “well underway” according to managing director Tom Dooley.
“With its beautiful Parklands, great public transport, river access and the CBD less than two kilometres away, Gasworks is a true work, play, live, shop destination,” said Dooley.
<a target="_blank" href="https://thegasworks.com.au/masterplan/masterplan">The masterplanned site</a><a href="https://thegasworks.com.au/masterplan/masterplan"></a> is marking a “natural progression” from the shopping precinct, which includes a Woolworths and a number of other retailers, he said. This will be ‘Tower B’ on the masterplan, with proposed one, two and three bedroom apartments.
<img src="/images/stories/2014/03/03/6.jpg" width="470" height="295" alt="6">
Newstead's median unit price is $625,000, with $533 per week median advertised asking rent, according to RP Data.
“We are hoping to go to the market in May with a range of high quality apartment product and we expect massive interest as not only will these luxury apartments be high quality with everything at your fingertips but the views will be sensational.”
Aquila and Pietra are also in the Dooley portfolio, meanwhile the company has also <a target="_blank" href="https://www.propertyobserver.com.au/residential/tom-dooley-returns-to-kangaroo-point-with-fourth-residential-project/2013041660422">been a significant player in the Kangaroo Point market</a>.
Currently within the entire 6.4 hectare masterplanned development, Longlands Towers was the first residential precinct with 226 one, two and three bedroom apartments, with swimming pools gardens and terraces.
Online marketing material likens this community to Sydney’s Darling Harbour and Melbourne’s Docklands, transforming a former industrial precinct into an urban community.
The apartments within Gasworks are being marketed to both investors and owner occupiers, citing strong growth in the area. They point to a ten-year average annual price growth for <a target="_blank" href="/news">New Farm</a>, Newstead and <a target="_blank" href="/news">Teneriffe</a> of 11.7% from 2001 to 2011, which was higher than other Inner Brisbane suburbs. However, they also pointed to significant amounts of supply - currently, an average of 7,250 apartments sold each year in Inner Brisbane, with an expectation of doubling this figure over the next four years.
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>. 
                       
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Newstead, Queensland site for 25-storey development sells for $16.5 million

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Queensland police have arrested a bikie who allegedly stole a Western Australian investment company’s identity and stole $1.4 million from mum and dad investors.
In the <a target="_blank" href="https://www.propertyobserver.com.au/news/warning-issue-on-identity-thieving-conmen-trashing-building-businesss-name/2014022568018">second case of business identity</a> theft this week, 33-year-old Tyrone de Luca, said to be a member of the Black Uhlans bikie gang, was arrested yesterday for his involvement in the investment scheme.
Police suspect another man with links to the Bandidos was also involved, but he is yet to be questioned.
Investigators are alleging the men adopted the identity of the WA business, cloning its website and registering the name M6 Securities Group.
The men are also said to have created a fake Perth business address and telephone number.
Detective Inspector Phillip Stevens of Taskforce Maxima said at a press conference yesterday the perpetrators had also adopted the persona of the directors of the legitimate business and used a call centre to generate leads.
“[They] have contacted potential victims, they have approached the victims and they have encouraged them to deposit money into a variety of investment schemes,” Stevens says.
“In exchange for that investment they are given a user ID and password to a backend of the website where that backend is manipulated by someone involved in the crime to give the illusion they’re making a profit. At the end of the day they don’t make a profit and the money dissipates.”
The call centre workers involved in the scam were said to be unaware the company was a front for a bikie operation.
“The template for these things is that the people involved in the telemarketing or the cold call centres don't have an idea of the ultimate gain,” Stevens says.
“Their role is simply to make contact and to pass it on to the people who will approach the victims.”
Stevens says between 30 and 40 fake call centres are operating on the Gold Coast.
Warfield and Associates chief executive Brett Warfield told SmartCompany business identity theft such as this is becoming easier to execute.
“It’s harder than individual identity theft, but from what I’ve read, it’s been made easier by the internet,” he says.
“People looking for investment options are now bypassing traditional sources of information like the newspaper and financial advisors and searching on the internet. It’s easy to establish an identity online which takes over from another organisation.”
Warfield says with a “half decent IT specialist” skilled in online marketing, a legitimate-looking website can be created in a matter of months including links, Google Adwords and key word search terms.
“It’s not hard to do… It can be done offshore. You don’t even need to have someone on the ground, it can be done from a desktop computer at your home and money can be transferred overseas,” he says.
Warfield says the Queensland bikies would have taken the identity of a WA business strategically with the intent to deceive potential investors.
“It would have been an attempt to separate the investor from the possibility of them doing background research,” he says
“Anyone thinking of investing needs to do due diligence and some fundamental background research.”
This latest scheme saw the union of two motorcycle gangs for the initiative, something which has become increasingly more common, Stevens says.
“There seems to be no boundaries as to who they associate with. It seems to be becoming more common that criminal motor cycle gangs will do business with one another if it suits their purposes,” he says.
This arrest is the first for the operation, but more are likely to come.
“We have identified a number of companies linked to these fraudulent activities. The arrest of the male person is by no means the end of these investigations; it merely forms part of a great investigative strategy,” Stevens says.
Warfield says as a blanket rule people should not invest with anyone on the basis of a cold call.
“Number one you’ll be dealing with someone on the end of the phone with a script in front of them. They tend to talk over the top of the person, spruiking the product and how great it is and it catches people off guard. So don’t enter into the conversation.
“Remember, if it’s too good to be true it probably is. If the market is paying X per cent and someone offers you three times that, realise there is a risk there.”
This article first appeared on <a target="_blank" href="https://www.SmartCompany.com.au">SmartCompany</a>.
                                
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The bikie, a cloned business and a million-dollar scam

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Kyko Group’s multi-tower development, Mon Komo, has achieved almost $11 million for the sale of 17 short stay and residential apartments over three months.
The mixed used development at 99 Marine Parage, Redcliffe, has seen these sales of the apartments priced between $420,000 and $825,000, with one-, two- and three-bedroom configurations purchased. Residential investments are in one tower, with short stay apartments in the other. There are 108 residential apartments. Investment apartments come with a two year rental guarantee.
Owner occupiers and investors across the wider Brisbane market were said to be the purchasers to date, including local Redcliffe and Moreton Bay buyers. However, there have been interstate buyers from Adelaide, Sydney and Mackay expressing interest.
One of the penthouses sold for $825,000, leaving three currently available of the eight.
TOTAL Property Group managing director, and Mon Komo marketing manager, Adrian Parsons, said that record buyer interest was seen over the last quarter of 2013.
“The property market is on the move in Brisbane, which is spurring positive traction in Redcliffe particularly for its multi-storey developments, with local buyers turning to apartments as a preferred place to live,” said Parsons.
“This is being reflected in our sales and feedback from local purchasers, who are attracted to the convenience of apartment living and the luxury waterfront lifestyle on offer at Mon Komo.”
First home buyers are also being seen expressing interest, which Parsons attributes to the available $15,000 Great Start Grant.
“Contributing factors including significantly low interest rates have assisted with the increase in buyer confidence, as well as a greater demand for waterfront apartment living in South East Queensland,” he said.
“On the other end of the scale, we are seeing the astute investment buyer return to the marketplace, who now have the flexibility of purchasing property that is of higher end value. The latest uptake is a strong example, with the sale of one of Mon Komo’s luxury penthouses as well as several sales from $600,000 upwards.”
Prices for the entire development start from $325,000, with layouts ranging from one-bedroom apartments at 82 square metres to three-bedroom plus study penthouses at 247 square metres.
Short stay apartments are managed by Oaks Hotels &amp; Resorts, come fully furnished, and are one-bedroom, 58 square metre offerings, to three bedroom dual key properties, 170 square metres, starting from $275,000 including furniture package. There is also a pub, office suites and other facilities.
Occupancy rates at Redcliffe are 84.2% for short stay accommodation.
Floor to ceiling windows and balconies are part of the design.
<a target="_blank" href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
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Close to $11 million of new apartment sales recorded at Mon Komo development, Redcliffe

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International plastic products designer and manufacturer Reln Pty Ltd has secured an industrial complex in Brisbane's northern industrial hub of Brendale. 
The warehouse/office, at 9 Mackie Way, is situated on a land area of 9,256 square metres, which includes 5,456 square metres of hardstand.
The three plus three year lease was struck at a rental of $220,000 per annum gross plus GST.
Paul Anderson of Ray White Industrial Milton in conjunction with Dillon Murphy and Trevor Nelson-Jones of Ray White Commercial Pine Rivers handled the lease. 
Mr Murphy said the property was zoned general industry and included a 1,600 square metre warehouse and 77 square metres of office/showroom space.
<a target="_blank" href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a>
               
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Brendale, Brisbane warehouse/office industrial property leased

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A local investor has acquired an industrial facility at <a target="_blank" href="/news">Molendinar</a>, an industrial suburb on the Gold Coast - for $1.05 million. 
Gold Coast based business TEW purchased the 10 Barnett Place property, which has high site coverage of above 53% with a ground floor area of 932 square metres, an office mezzanine of 130 sqaure metres plus and an additional storage mezzanine. The total floor area is 1,122 square metres, on a 1,741 square metre site.
The selling agent was Pat Cavanagh of Colliers International.
“The previous owners who occupied the property were MP Group,” said Mr Cavanagh. “They sold the property as part of their business consolidation plan and have relocated their business to another building within Molendinar.”
The new owners TEW, offer mechanical and electrical technical services and have been operating on the Gold Coast for 21 years.
news@propertyobserver.com.au
           
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Gold Coast industrial facility sells for $1.05 million

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A local investor has snapped up a prominent retail showroom at <a target="_blank" href="/news">Nerang</a> on the Gold Coast for $1.8 million.
The 84 Spencer Road property, with exposure to the Pacific Motorway, is on a five year lease with an extra five year option to a flagship Bridgestone Select Service and Tyre Centre.
<img alt="nerang_feb_26_one" height="271" width="470" src="/images/stories/2014/02/26/nerang_feb_26_one.jpg">
Ross Salmon of Sun Shop (NSW) Pty Ltd acquired the purpose built 894 square metre building.
The modern tilt panel building is constructed on a 2,000 square metre site and was previously bought by the Nichols family in 1995 for $330,000. The family built the building and operated a tyre centre at the premise for 17 years before leasing the property to Bridgestone Australia Limited in late 2012.
Colliers International associate director of investment services and marketing agent of the property, James Crawford, said that the income was $126,000 per annum excluding land tax and management, reflecting a true net yield of just under 6.5%.
news@propertyobserver.com.au 
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Local investor snaps up Nerang showroom for $1.8 million

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Botanica Residences, in South Brisbane, is set to be developed early this year after a sell out within two weeks of its official launch.
The development, designed by <a target="_blank" href="/companies/rothelowman">ROTHELOWMAN WHITE</a>, developed by ARIA, is certified as a six-leaf rating by the UDIA, and is the largest of its kind to achieve this sustainability rating cementing it as a landmark for <a target="_blank" href="/news">South Brisbane</a>.
Including features in six sustainability categories, with vertical gardens facing Edmondstone Street, solar panels and a Smart Monitoring System to allow residents to track their water and energy use, it looks to help reduce bills and the environmental impact.
It is located on the corner of Edmonstone Street and Boundary Street and is in a former commercial area two kilometres from the CBD. It includes integrated security, intercom access, wi-fi and a ground level café and retail options.
Simon White from ROTHELOWMAN said that the sustainable attributes have been a key part in the demand for the residences.
“Botanica and its green wall will be an authentic residential landmark for the South Brisbane,” said White.
Timber and glass are the main themes, with a recreation terrace on the building with 360 degree views. Landscaping and recreation options will also be included. A barbecue area is provided on the rooftop.
The interiors have 2.7 metre high plasterboard ceilings, with natural light being a focus, said Michael Hurley from ARIA’s residential division.
“When we found out about the UDIA’s Enviro Certification Program, we jumped at the chance to make Botanica more environmentally friendly. It was apparent that with some hard work and smart design changes, we could achieve all 6 levels of certification. We are continually working to further separate our developments from the market, and achieving the UDIA Six Leaf Enviro Certification was a very easy decision for us to make,” said Hurley.
jduke@propertyobserver.com.au
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