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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The Brisbane residential property market is strengthening – especially in the sub-$1 million price bracket, according to a leading agent.  
More than $80 million worth of residential property was sold in transactions negotiated by just two of Place real estate’s offices – in the city’s east and inner north – in October, making it a record month for sales.  
And, while the ‘heat’ is in the sub-$1 million price bracket in the Brisbane residential market, the top end is experiencing its best conditions in more than three years.  
Damien Hackett, Place CEO, said this showed the city’s residential property market was ‘’firmly on the way up’’, and that the data demonstrated that the sub-$1 million price bracket was where most of activity was taking place.  
“Greater than 80% of the 97 properties sold (were) in this category, which demonstrates it is undoubtedly leading the recovery in Brisbane’s residential market,” he said.  
“Fifty-two per cent of homes sold by Place across these two offices during the month of October were priced between $600,000 and $1 million, while a further 28% were under $600,000.  
“With only 17% of the houses priced over $1 million, it is evident buyers are most active in the more affordable price brackets - which makes sense.  
“These buyers are increasingly confident in the economy and their economic circumstances – their employment is relatively secure and their salaries are stable, and this, combined with record low interest rates, is propelling them into the market.”  
In addition to the strong sales figures recorded by Place in the inner east and inner north, the real estate agency has also found that time on the market for listed properties has significantly reduced, and their auction clearance rate has also increased.  
“The number of days homes in the sub-$1 million price bracket were sitting on the market in October was 41 - far less than the average for the six-month period from January to June, which was 68,” Hackett said.  
“Meanwhile, the clearance rate for auctions between the beginning of October and now is 81%, which is very high.  
“Essentially, the strength in the market that we are witnessing in Brisbane is contrary to recent reports that suggest the recovery is only taking place in Sydney. The Brisbane market is exceptionally strong, and we expect to see it only improve from hereon in, with all the fundamentals lined up for a solid 2014.”  
Hackett said the Brisbane market was benefitting from pent up buyer demand that has been building since the city’s floods in 2011.  
“Buyers were extremely cautious after that, and sellers were also reluctant to put their properties up for sale, fearing they would be sold under value, so, across the board, activity was subdued,” he said.  
“That period of uncertainty is now behind us. We have been seeing a gradual improvement in the market since it bottomed in 2011, but now it is clear that it has well and truly turned a corner.  
“In line with the rise in activity in the sub-$1 million sector, we are actually seeing values begin to rise again, which is extremely positive.”  
Recent sales in the sub-$1 million price bracket reflecting the recovery in the market include:
<ul>
<li>
A 3-bedroom, 2-bathroom house in Cannon Hill – The comparable sales for this property were between $470,000 and $499,000 and it sold within the first four days of being on the market for $550,000.
</li>
<li>
A 2-bathroom, 1-bedroom cottage in Petrie Terrace – Two years ago it failed to sell for $540,000 yet recently it sold for $590,000 within the first week of being listed.
</li>
<li>
A 3-bedroom, 1-bathroom house in East Brisbane – This property was bought for $620,000 last year and, after some minor improvements, it sold for $730,000 this year in a very short time frame.
</li>
</ul>
Hackett said that while the ‘heat’ was in the sub-$1 million price bracket in the Brisbane residential market, the top end was currently experiencing its best conditions in more than three years.  
“There is activity in the $1 million-plus price bracket and stock is turning over – we have seen a number of sales even in the $4 million-$6 million dollar range,” he said.  
“But, despite the rise in activity in this sector, so far we have seen limited growth in values for top-end properties. The market is starting to move in this regard, but greater price growth will come in time when the global economy – including in Australia and elsewhere - is more stable.”
     
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Brisbane residential market kicking off

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Premier Campbell Newman turned the first sod on the new Toowoomba Ring Road today.
The Victoria Street extension is the final link in Toowoomba’s Outer Circulating Road system and involves the construction of a new four-lane road to connect Victoria and Russell Streets with Chalk Drive and Ruthven Street.
“Construction of a new Toowoomba ring road will better protect the CBD from floods and make it easier to get from one side of the city to the other,” Newman says.
“The Toowoomba Regional Council will receive $45 million and a further $5 million for flood mitigation works on the West Creek Railway Bridge through our Government’s landmark Royalties for the Regions program.”
It should be open to traffic by the end of 2014.
Flood mitigation measures include the construction of a three span bridge and widening of the creek channels in the area.
The Outer Circulating Road Victoria Street extension project includes
•             A new four lane sub-arterial road extending Victoria Street from Russell Street through Queensland Rail land to connect with the Chalk Drive-Ruthven Street intersection, including a major three span bridge over the West and East creeks;
•             An upgrade of the Russell-Victoria Street intersection, including an upgrade of the existing Russell Street drainage structure;
•             An upgrade of the Ruthven Street-Chalk Drive intersection and an upgrade of West Creek channel; and
•             Widened shoulders for cyclists, and a separate footpath for pedestrians on the new section.
 
<a target="_blank" href="mailto:awalsh@propertyobserver.com.au">awalsh@propertyobserver.com.au</a>
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Toowoomba ring road construction starts

<html><body>Australian Property Monitors (APM) has released a list of auction results in Brisbane for the weekend of November 23. <a target="_blank" rel="nofollow" href="https://www.homepriceguide.com.au/saturday_auction_results/Brisbane.pdf" style="font-size: 14px;">Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

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APM's Brisbane auction results for November 23 weekend

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Logan City, situated between Brisbane and Gold Coast, is a region in Southeast Queensland. Traditionally, it has been popular amongst investors – but saw a decline in activity after the global financial crisis.
In recent months, buyer activity has picked up once again in Logan.
Australian Property Monitors' senior economist Dr Andrew Wilson says Logan is an “established market”.
“It is a value market, and appeals to people looking for value-orientated property,” he said.
He believes that as the local Brisbane economy strengthens, Logan will continue picking up as well.
Additionally, Dr Wilson notes that Logan is a “mini-hotspot” for investors, as it nets quite a high yield, and is close to major employment areas such as Brisbane.
However, he warns against investors who rush to purchase properties in Logan. 
“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,” he said. 
“Investors should beware of the ‘hotspot’. What goes up quickly comes down quickly as well,” he added.
As Queensland enters the election pipeline next year, Dr Wilson expects to see an increase in infrastructure spending. He added that the Queensland economy is “positive” thanks to the resource and tourist sectors that appeal to the lifestyle market. 
“The Brisbane housing market has the most potential for upside compared to other capital markets through to 2014,” he said.
Ray White Shailer Park principal Keith Nicholson told Property Observer that the property market in Logan is “very strong” at the moment. 
“Although prices have not increased there has been a strong increase in buyer enquiry and transaction numbers have increased. The market is certainly stronger now than it was six to 12 months ago,” he said. 
While some have concerns about overshooting in the Logan property market, Nicholson believes this is not the case at present.
“I think four or five years ago this was a problem. However prices in the area have come back quite a bit since the peak in 2009. At present, prices in the area are still quite low in regards to historical levels, yet rents are quite high. Combine this with low vacancy rates and it is a great time to be investing in the area,” he said.
Nicholson added that activity in Logan has been the “strongest it has been for some time.” He believes it is a great area for investors and first homebuyers alike as there is a great range of properties available. 
He cites great infrastructure as a major pull factor for Logan, with “quality schools, shopping centres and public transport facilities being big positives.”
Its central location, between the Brisbane CBD and Gold Coast, is also a big plus.
Lester Drew, principal of Land and Home Realty Logan Central, agreed that the Logan City property market is doing well.
“Enquiries have picked up substantially one month prior to the Federal election, primarily from local and interstate investors,” he told Property Observer. 
Drew adds he has been seeing a lot of investor activity in Logan.
“Currently the majority of buyers are investors. I have just sold a block of six units that we listed for sale for $1,000,000. A client from Melbourne paid the  sking price – and another investor in Sydney signed a back up contract for the full asking price. The property settled on Thursday to the first buyer,” he said. 
He believes Logan City’s location is ideal as it is host to large areas of industrial land that is attracting companies who need larger premises at affordable rates. 
“They can take advantage of both the M1, Gateway and Logan Motorways to avoid traffic congestion in Brisbane CBD,” he said.
Additionally, Logan is seeing a vacancy rate of below 2%, according to Drew. He notes that this puts upward pressure on rent returns, while most properties still fall under the affordable range.
Drew thinks the next year will be a great time for Logan as the Logan City Council has recently approved a number of locations that are regarded as Transport Nodes for redevelopment.
“These plans are currently with the State Government for Gazettal. This is an exciting development as it will mean that many of the existing Department of Housing homes will be released for sale – creating desperately required land for unit development,” he said. 
As Logan City encompasses a number of suburbs, Drew recommends keeping an eye on Logan Central, Loganlea and Loganholme for two reasons - one is public transport, and the other is the upgrade of facilities by the Council in these areas.
Nicholson also chose Loganholme as an up-and-coming area. He singled out Tanah Merah and Daisy Hill as areas to watch, too.
“You can buy some good quality investment properties that will offer good returns and should see some good capital growth over the next few years,” he said.
According to the <a href="/news">latest RP Data report</a>, the median house price in Logan Central is $240,000, down 3.8% on last year. The average discount required to sell a house is 8.4%, while private treaty sales average 75 days on market.
Median asking rent for houses is $320 per week, while gross rental yield is 6.9%.
The median sale price for units in Logan Central is $163,250, up 5.3% on last year. The average discount required to sell a unit is 8.7%, while private treaty sales average 63 days on market.
The median asking rent for units is $255 per week, while gross rental yield currently stands at 8.1%.
According to the <a href="/news">latest RP Data report</a>, the median house price in Loganlea is $285,780, down 6.3% on last year. The average discount required to sell a house is 8.9%, while private treaty sales average 88 days on market.
The median asking rent for a house is $330 per week, while gross rental yield is 6%.
The median unit price in Loganlea is $300,804, down 4.3% on last year. The median asking rent is $280 per week, while gross rental yield currently stands at 4.8%. 
According to the <a href="/news">latest RP Data report</a>, the median house price in Loganholme is $355,500, up 2.7% on last year. The average discount required to sell a house is 5.9%, while private treaty sales average 88 days on market.
The median asking rent for a house is $360 per week, while gross rental yield is 5.3%.
The median sale price for a unit in Loganholme is $325,000, down 5.2% on last year. The median asking rent for a unit is $340 per week, while gross rental yield currently stands at 5.6%.
According to the <a href="/news">latest RP Data report</a>, the median sale price for a house in Daisy Hill is $385,500, down .2% on last year. The average discount required to sell a house in Daisy Hill is 6.1%, while private treaty sales average 71 days on market.
The median asking rent for houses in Daisy Hill is $400 per week, while gross rental yield is 5.4%.
The median sale price for units is $270,000, down 6.6% on last year. The median asking rent for units is $350 per week, while gross rental yield currently stands at 6.7%.
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Suburb spotlight: Logan investor activity surges

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Queensland will “market its modern mining and resources sector to the world” through a new spatial data and information online tool called Mines Globe.
It will provide geophysical survey information and the details of historical exploration permits and show the location of all current exploration and production permits, mining areas and boundaries, Key Resource Areas and infrastructure, such as pipelines and facilities.
 
“Mines Globe is an easy to use Google Earth-based application containing a goldmine of information about the resources industry, one of the four pillars of the Queensland economy,’’ Premier Campbell Newman said at the launch.
“Never before has Queensland, or the world, seen such detailed and comprehensive data in one place, that is freely available to students and the general public,” he said.
“Landholders and companies have often encountered red tape and roadblocks in trying to source this valuable data.
“Now, with this significant development, everyone has access at the click of a mouse to more than 60 layers of detailed information about the state’s resources sector in all its elements: coal and minerals, petroleum and gas, quarries and geothermal activity.
Natural Resources and Mines Minister Andrew Cripps said this was the first time all this data had been collated on the one site. “This is the easiest and most accessible mining information data ever delivered to the public and it’s being made available at no cost,” he said. 
“Mines Globe will open up data about the resources sector for use by property owners, community groups, educational institutions, businesses, resource companies, investors and anyone else interested in researching this important pillar of the Queensland economy.”
The project was developed by the Land and Spatial Information Unit of the Department of Natural Resources and Mines and you can see it <a target="_blank" href="/news">here</a>. 
staylor@propertyobserver.com.au
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The map all Queensland mining town investors should see

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While Surfers Paradise is among the areas previously known for having a strong amount of high-rise construction activity, it’s now quickly becoming known as an area with a shortage, according to research from Broad Research and Advisory.
The precinct has recorded its highest rate of new apartment sales since the GFC, with 1,151 over 2012/2013 financial year.
Paul Broad said that a critical shortage of new apartments is being seen in the area as buyer demand has heated up, with just two new projects marketed in the area.
The Soul and Hilton towers, the two projects being marketed, are complete. Within these two developments, 90 were reportedly available in Soul, and 35 are for sale in Hilton.
“The decline in the number of apartment sales in Surfers Paradise predominantly relates to the lack of new apartment projects entering the market in the past few years and the take up of stock as these projects have been completed for some time,” said Broad.
“It has been many years since the Gold Coast has witnessed such an absence of crane activity, particularly in the high-rise sector and particularly in Surfers Paradise where the absence of new projects is unprecedented.”
Across the entire Gold Coast, there are 12 actively marketed high-rise apartment projects, with just three not yet constructed.
“Including low and medium-rise product, here are 38 active apartment projects on the Gold Coast, making it the city’s lowest number of active developments in 11 years,” he said, pointing to apartment stock primarily located in Southport and Broadbeach.
"Furthermore, of these 38 projects, 15 have stock levels in single digit figures,” Broad said.
“Some areas of the Gold Coast have virtually no new stock and based on the current quarterly sales rate, existing supply will be absorbed within 12 months.”
A $120 million apartment tower, progressing towards construction, with 223 beachside apartments on Surfers Paradise Boulevard is, however, coming online.
“Recent projections from the Australian Bureau of Statistics suggest that the Gold Coast may need to create 146,000 new dwellings by 2026,” he said.
Surfers Paradise's vacancy rate has been declining from recent highs nearing 6% and currently sits at 2.5% according to SQM Research.
<a href="mailto:jduke@propertyobserver.com.au" target="_blank">jduke@propertyobserver.com.au</a>
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Highrise development shortage in Gold Coast

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New laws introduced last night to Parliament have overhauled the Property Agents and Motor Dealers Act (PAMDA), however one of the proposed changes will mean that agents no longer need to disclose their commissions.
Apparently hoping to streamline the system and reduce red tape, the main concern was with the number of government approved forms attached to contracts, said Attorney General Jarrod Beijie.
“Lengthy contracts can often do more harm than good, with many people either skimming over important information or in some cases people are not reading the finer detail at all," said Bleijie.
Warning statements will be incorporated into the contracts themselves.
However, changes to the Act also appear to remove information that some buyers may want to know.
This includes, removing the requirement for agents to disclose to a buyer the commission the agent is receiving from the seller.
Deregulating agents' commissions, to align Queensland with other states and extending statutory limits on lengths of appointments for a sole or exclusive agency from 60 to 90 days, are other changes made under PAMDA.
However, the cooling off period of five days will be maintained under the changes.
The potential changes to the Property Occupations Bill have REIQ CEO, Anton Kardash, 'thrilled'.
“The majority of the changes also allow for the real estate industry to become more professional and ultimately more accountable and that is good news for everyone as well as for the property market," said Kardash.
Discussing <a href="https://www.propertyobserver.com.au/residential/property-advice-regulation-and-legislation-is-not-enough-to-protect-consumers-terry-ryder/2013102365920" target="_blank">PAMDA yesterday in his Property Observer column</a>, observer Terry Ryder said that the rules were brought in as a result of the culture of the 1990s to "stamp out the worst excesses" of the industry where poor advice is rampant.
"Not only is the advice based on vested interests, but the consumer is paying a price inflated by the outrageous marketing fees – and invariably in a project located in an under-performing market, because developers need to pay massive commissions only when they’re struggling to sell their stock," Terry noted.
The Queensland disclosure rules are the following (<a href="https://www.fairtrading.qld.gov.au/Forms/Disclose_to_property_buyer_form.pdf" target="_blank">under PAMD form 27 C</a>):
It is your obligation to disclose any benefit, to your knowledge, which any person has received, receives, or expects to receive in connection with the sale, or for promoting the sale, or providing a service in connection with the sale, of the property.
 
The current Duty of Disclosure in New South Wales, according to NSW Fair Trading, for example, is the following:
A real estate agent or salesperson who is acting for a client in respect of the sale or purchase of land is required to disclose certain relationships and any benefits they or others may receive in relation to the sale or for referring the client or a prospective buyer to a service provider.
A real estate agent or salesperson engaged to sell property for a client must make these disclosures to their client (the seller) and also to prospective buyers where applicable.
<a href="https://mce_host/jduke@propertyobserver.com.au" target="_blank">jduke@propertyobserver.com.au </a>
 
Correction: This article previously referred to the exclosure form as PAMD 28, it is actually PAMD 27C
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Queensland agents no longer need to disclose commissions to buyers under new laws

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More than 4,000 affordable properties have been built in Queensland, bringing the total built under the National Rental Affordability Scheme (NRAS) to more than 6,000, according to Housing Minister Tim Mander.
Mander said that NRAS is filling a crucial gap in the housing system for those who would otherwise be on a long waiting list for social housing.
The joint state and federal initiative encourages investors to provide properties rented at 80% of the market rate for the area.
“There are plenty of people who aren’t high-needs enough to get into social housing but still struggle to find a home they can afford,” he said.
“NRAS is targeted directly at that demographic and is an important part of the government’s Housing 2020 Strategy."
The Housing 2020 Strategy predicts 12,000 social and affordable dwellings across Queensland - including another 3,500 NRAS dwellings over the next 12 months.
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Another 3,500 NRAS dwellings in 12 months for Queensland

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The Zone Centre in Maroochydore on the Sunshine Coast has secured supermarket chain IGA Supermarket as a tenant.  
IGA replaces former tenant WOW Sight &amp; Sound. The 982 square metre supermarket site in Wises Road has been leased for 15 + 7 + 7 years. Industry sources estimate the annual rental to be about $250 per square metre. 
The lease was negotiated by Daniel Vella of Ray White Commercial.
The Zone Centre’s owner is Arkadia Property Services. Arkadia's general manager Peter Cortis-Jones said the additional investment of close to $2 million on the centre was an investment worth making.
 
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IGA Supermarket coming to the Zone Centre, Maroochydore 

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A 7-Eleven service station in Queensland's growth corridor belt of Logan Central, has been purchased by a private investor for $3.475 million.
The 120 Wembley Road property comprises a 7-Eleven' Service Station, branded 'Caltex Woolworths' which was sold with 15 years remaining on the lease and a further 2 x 5 year option period.
The sale price reflected an initial yield of 7.14% or rate of $2,850 per square metre. APN Funds Management was the vendor.
The service station occupies a site area of 1,219 square metres and produces a net income of $248,380 annually.
The selling agents were Mike Walsh and Sam Hatcher of Jones Lang LaSalle.
<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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