South East Queensland developer&nbsp;<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a>’s entry into the Gold Coast apartment market has progressed from pipeline to market, with its Chevron Island project Bronze on Chevron now formally available to purchase ahead of a planned 2029 completion.

The 119-apartment development on Mawarra Street marks the Brisbane-headquartered builder-developer’s first residential play in the Gold Coast, following its expansion south from Brisbane and the Sunshine Coast.

<a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-surfers-paradise-qld-4217">Bronze on Chevron</a> comprises a mix of two-, three- and four-bedroom residences, with pricing starting from just over $1.5 million. The project is being delivered under Gardner Vaughan’s fully integrated model, with the group acting as both developer and builder, a structure it has consistently applied across its South East Queensland portfolio.

[smartcode_project:default project_id=107520 project_image_fid=367182]

Architecture has been designed by <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, with landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jeremy-ferrier-landscape-design">Jeremy Ferrier</a>. The building presents as a single-tower scheme, with a focus on maximising outlook across both the Surfers Paradise skyline and the Nerang River.

Apartments have been planned with open-plan living zones extending to generous balconies, a response to the site’s dual-aspect positioning between river and ocean. Interiors follow a restrained coastal palette, with two colour schemes offered, and an emphasis on natural light and cross-ventilation.

[smartcode_project:default project_id=107520 project_image_fid=367181]

Resident amenity is concentrated across more than 1,250 sqm and includes a resort-style pool, gym, yoga lawn and rooftop entertaining areas. A function space with catering facilities forms part of the upper-level offering, alongside north- and south-facing outdoor areas.

Ground level will incorporate two retail tenancies, intended to extend the existing village character of the surrounding streets.

&nbsp;

[smartcode_project:default project_id=107520 project_image_fid=367200]

The project sits within walking distance of Thomas Drive’s established dining strip, while maintaining proximity to <a href="https://www.apartments.com.au/developments/surfers-paradise-qld-4217">Surfers Paradise</a> beach and broader Gold Coast amenity. The location, positioned on Chevron Island between the river and coastline, has increasingly attracted mid- to high-density development in recent years as the precinct evolves beyond its low-rise origins.

Gardner Vaughan’s move into the Gold Coast was first signalled in 2025, with the group identifying the region as a natural extension of its operations. Chief Executive Officer Simon Betteridge described the expansion as both “strategic and natural”, citing demand for well-designed apartments in lifestyle-driven markets.

Construction is expected to complete in early 2029.

[smartcode_project_cta:default project_id=107520]

Joel Robinson

Gardner Vaughan brings Bronze on Chevron to market as Gold Coast debut

One of the penthouses at Lily Lane, the latest stage of Carrington Place by Ellipse Property, has set a new local apartment price record.

The four-bedroom residence, purchased by a local downsizer, sold for $5.75 million—around 75 per cent higher than the previous record of $3.3 million.

Over 40 per cent of the first release of apartments at&nbsp;<a href="https://www.apartments.com.au/new-apartments/lily-lane-at-carrington-place-castle-hill-32-carrington-road-castle-hill-nsw-2154">Lily Lane</a> have already been snapped up just six weeks since it launched to the market.

&nbsp;

Located at 32 Carrington Road, <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a> and designed by award-winning architects <a href="https://www.apartments.com.au/architects/ptw">PTW</a>, Lily Lane is directly opposite the Hills Showground Metro station. It offers a total 213 units over two 12-storey towers - a mix of 67 one-bedroom, 100 two-bedroom and 46 three-bedroom apartments - with a ground-floor retail offering.

[smartcode_project:default project_id=151821 project_image_fid=368352]

Blake Schulze, National Director – Residential at <a href="https://www.apartments.com.au/project-marketer/colliers">Colliers</a>, says around 44 per cent of buyers are&nbsp;owner occupiers, with 35 per cent being investors and 21 per cent first homebuyers.

“Developments of this calibre are very rare in the Hills District, and Lily Lane’s sales success demonstrates the depth of demand for over-sized apartments that genuinely compete with freestanding homes," Schulze says.

"We are seeing particular demand from downsizers who want to remain in the area but transition into spacious, high-quality apartment living."

On the penthouse sale, it says it shows buyers&nbsp;are prepared to pay a premium for scale, quality, and direct access to the Metro.

[smartcode_project:default project_id=151821 project_image_fid=368351]

One-bedroom apartments are sized from 50-72 sqm with prices starting at $745,000, while two-bedrooms are priced from $990,000 with sizes from 75 to 132 square metres. Three-bedroom floorplans are sized between 97 and 182 sqm,, with prices starting at $1,395,000.&nbsp;

The three remaining penthouses, spanning up to 262 sqm, are priced from $2.9 million.

Over 75 per cent of apartments include dedicated studies, multipurpose rooms or family rooms, with select layouts offering walk-in pantries and laundries. Apartments are appointed with premium Miele appliances including ovens, washing machines, dryers, gas cooktops and dishwashers, while larger residences also incorporate integrated Miele microwaves, Fisher &amp; Paykel integrated refrigerators and five-burner Miele cooktops.

[smartcode_project:default project_id=151821 project_image_fid=360285]

Lily Lane will be constructed by award-winning iCIRT-rated builder <a href="https://www.apartments.com.au/builders/decode">Decode Group</a>, with construction to commence in mid-2026 and expected to complete early 2029.

Carrington Place comprises more than 800 apartments and is being delivered across multiple stages, with completion expected in 2032. Integrated with neighbouring bushland, the project will feature over 20,000 sq, of outdoor recreational area, including a one-kilometre boardwalk to Fred Caterson Reserve.&nbsp;

The Hills Showground Metro Station is just a two-minute walk away, offering fast connectivity to Sydney’s CBD, North Sydney, Chatswood, Macquarie Park and Norwest Business Park.

[smartcode_project_cta:default project_id=151821]

Ellipse sets Castle Hill apartment record with $5.75 million Lily Lane penthouse sale

Fresh off completing its Delano Crows Nest development, Lindsay Bennelong has lodged plans for its next project, this time turning its attention back to the beach.

The developer, started 20 years ago by Clarendon Homes founder Peter Campbell, is proposing a 37-apartment scheme at <a href="https://www.apartments.com.au/new-apartments/17-25-ashburner-street-manly-nsw-2095">17-25 Ashburner Street</a>, Manly, positioned between the southern end of <a href="https://www.apartments.com.au/developments/manly-nsw-2095">Manly</a> Beach and East Manly Cove.

Lindsay Bennelong called on local architecture firm Platform Architects to design the new building, given their success at Finn, Lindsay Bennelong's current luxury apartment project on North Steyne.&nbsp;

According to the Design Verification Statement by Bridie Gough of Platform Architects, the proposal “relates to the current context but also the desired future character of taller buildings suitable to the new planning controls.”

The site has been identified as a Low to Mid-Rise Housing (LMR) location, given its position within 400 metres of the Manly Town Centre E1 Business Zone. The LMR controls are intended to unlock additional housing supply in well-located areas close to public transport, allowing developers to seek increased height limits to support greater density.

“The proposal seeks to provide this increased level of housing whilst being respectful of some of the smaller scale buildings also nearby,” the statement reads.

Lindsay Bennelong Development Director Leigh Manser said the project has been carefully aligned with the intent of the LMR controls. The proposal will significantly increase housing yield on the site, replacing four houses and 10 apartments, comprising 25 bedrooms, with 37 new apartments delivering a total of 94 bedrooms, whilst remaining compliant with the LMR controls.

“Sydney is in a severe undersupply, and delivering more dwellings and more bedrooms than what currently exists is exactly what the LMR policy is designed to activate,” Manser said, noting that nine of the apartments will be allocated as affordable housing for frontline workers.

“We have already commenced discussions with our community housing provider to determine the rental levels that frontline workers can realistically afford in this location,” he said. “These will need to sit well below the standard affordable housing benchmark of 20 per cent below market rent, and that has been factored into our feasibility and pricing.”

<img alt="Manly" data-entity-type="file" data-entity-uuid="ad03000f-19f9-48b4-b27d-e85ca800a1da" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-30%20at%208.41.59%E2%80%AFAM.png?VersionId=a.txHwCZgbCInlQ6QXbIrI.umvW1T.r8" />

The design of the building incorporates a wave-like indentation running through the façade, referencing the nearby coastline and anchoring the building within its local context.

The&nbsp;Design Verification Statement says careful consideration has been given to the articulation of the building, ensuring the bulk is broken down to a more human scale through a defined four-storey podium."

The scheme includes a mix of one-, two- and three-bedroom apartments, as well as a full-time building manager's office and wellness facilities including a sauna and a gym.

“The design ensures a high level of amenity, with apartments offering generous private open space, many with expansive views, and all with comfortable proportions."

<img alt="Bennelong" data-entity-type="file" data-entity-uuid="6a7f2812-72a1-4959-84b0-997e8cd88aed" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-30%20at%2010.15.50%E2%80%AFAM.png?VersionId=6iMxU3MkXmHVHAoNhYBjnqgka8CUZNbk" />

<a href="https://www.apartments.com.au/developers/lindsay-bennelong-developments">Lindsay Bennelong</a>&nbsp;is currently developing Finn Manly, just four full-floor luxury apartments on North Steyne. They recently welcomed residents to its 81-unit Delano Crows Nest development, a&nbsp;carefully scaled infill project designed to bridge&nbsp;<a href="https://www.apartments.com.au/developments/crows-nest-nsw-2065">Crows Nest</a>’s lively village centre with its surrounding heritage streets.

Designed by&nbsp;<a href="https://www.apartments.com.au/architects/ajc-architects">AJC Architects</a>,&nbsp;<a href="https://www.apartments.com.au/new-apartments/delano-crows-nest-27-57-falcon-street-crows-nest-nsw-2065">Delano</a>&nbsp;is arranged across three low-rise buildings, incorporating a mix of one, two, and three-bedroom apartments alongside a limited number of townhomes addressing Hayberry Lane. The architectural approach drew on the area’s Art Deco lineage, reinterpreted through contemporary detailing and framed by landscaped communal gardens.

The developer also has a development site in Maroubra.

First look: Lindsay Bennelong's new Manly apartment development revealed

Fifty-nine residences across 37 levels. No more than two per floor. With 80 per cent now sold, what remains at <a href="https://www.apartments.com.au/new-apartments/madeline-by-mosaic-broadbeach-22-mary-avenue-broadbeach-qld-4218">Madeline by Mosaic</a> is a short list.

Madeline was always conceived at a scale that sits outside the normal register of Gold Coast apartment living. The residences are half- and full-floor configurations, with the largest spanning more than 400 sqm, dimensions that place them closer to the penthouse end of the market regardless of where they sit in the building.

That scale is the organising principle of everything else: how the floorplans are laid out, how the materials read, how the connection between inside and outside works.

[smartcode_project:default project_id=150135 project_image_fid=355941]

The interiors were developed in collaboration with <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser &amp; Partners</a>, the architecture practice&nbsp;<a href="https://www.apartments.com.au/developers/mosaic-property-group">Mosaic</a> brought in as design partner for the first time on this project. The palette runs to natural stone, textured timbers, and soft metallics, materials chosen as much for their tactile quality as their appearance.

Light cleverly shifts across surfaces through the day, and the design is explicit about wanting that to be noticed. Full-height glazing runs across the primary living areas, and where the building faces east toward the ocean, those walls of glass are doing real work: framing a view corridor that the site's position directly opposite Broadbeach State School's playing fields keeps permanently open.

That outlook is the site's most consequential asset. In a suburb where new towers continue to rise, a protected view line is genuinely rare, and the Mary Avenue address secures it. Residents at Madeline will look out over open parkland rather than the rear of another building, a distinction that becomes more meaningful with each new development approved nearby.

[smartcode_project:default project_id=150135 project_image_fid=355939]

The private outdoor spaces are sized to match the residences themselves. Terraces on the upper levels frame uninterrupted ocean panoramas, and the planning ensures that living areas extend into those outdoor zones rather than treating them as separate attachments. The flow between the two is part of the design intent, not an afterthought.

Inside, the finish specification reflects the same approach. Rich stone benchtops, warm timber joinery, bespoke hardware, each element specified to hold up over time rather than read as a moment in a particular trend cycle.

[smartcode_project:default project_id=150135 project_image_fid=3409]

Beyond the residences, the amenity offering extends that register. A lap pool and sun deck anchor the outdoor space, alongside a magnesium pool, cold plunge, steam room, and sauna.

A commercial-grade gymnasium, residents' lounge, library, and boardroom round out a programme that functions more like a private members club than a standard building amenity floor.

Construction has commenced under Mosaic's in-house building arm, with completion scheduled for late 2028.

[smartcode_project_cta:default project_id=150135]

Madeline by Mosaic delivers penthouse-level living across every apartment

Developer Fortezza Group is the latest to take its new apartment development, <a href="https://www.apartments.com.au/new-apartments/the-belvedere-5-7-church-street-nelson-bay-nsw-2315">The Belvedere in Nelson Bay</a>, to the NSW Government.

Fortezza, predominantly a South East Queensland developer, is the latest to apply for State Significant Development&nbsp; status through the NSW Government's Housing Delivery Authority, a pathway becoming favoured by developers to speed up the approval process.

They are planning 57 two- and three-bedroom apartments across 5-7 Church Street and 42 Donald Street, near d'Albora Nelson Bay Marina. The diverse apartment mix has sizes from just over 80 sqm to the largest three-bedroom penthouses that reach nearly 200 sqm.

<img alt="Fortezza" data-entity-type="file" data-entity-uuid="090360e1-66d7-43ad-b686-aba81f173bf2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-29%20at%2010.22.40%E2%80%AFAM.png?VersionId=DMqF96eBZolqSAAAcugX0l66ueWng66m" />

Fortezza calls the project a "piece of Istria in Nelson Bay,"&nbsp;referring to the largest peninsula in the Adriatic Sea, shared by Croatia (90%), Slovenia, and Italy, which is known for its Roman history, Venetian-style coastal towns and inland hilltop villages.

They say the The Belvedere is strategically positioned at the apex of Nelson Bay, offering unrivalled views of the ocean, the bay and captivating topography of the area.

"Our commitment to maintaining the integrity of every view and sight line has been relentless," Fortezza Group says.

"Through extensive modelling and analysis, we ensure that each apartment enjoys the natural beauty of Nelson Bay, regardless of future developments. Each design element is carefully curated to harmonise with our European heritage, drawing profound inspiration from the Roman architectural marvels in Istria. The arches, the cascades of greenery and the stonework that define our project pay homage to the structures that once exemplified Roman grandeur."

Residents will have access to a pool, communal green spaces, an office and a coffee shop.

First look: Fortezza Group takes The Belvedere, Nelson Bay apartment development, to NSW Government

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?

<html><body>
The Brisbane property sector performing the best is the trade-up market, says Herron Todd White.
Family size homes in the $1 million to $2 million range are being keenly sought by buyers wanting large blocks and sizable homes.
‘’Location is important, too. Competition is toughest within eight kilometres of the CBD, but this should come as no surprise,’’ the valuer says.
‘’This sort of real estate is generally blue-chip and will offer the best chance of capital growth in the coming years.’’
Recent million-dollar-plus house sales in the Brisbane inner suburban market include:
<a href="https://www.realestate.com.au/property-house-qld-auchenflower-112733819" target="_blank">31 MacIntosh Street, Aunchflower</a> (pictured below) 3km to the CBD, sold for $1,150,000 in January after 17 days on the market. Previous sales are November 2006 for $962,500 after 42 days on the market, June 2004 for $285,000 and March 1983 for $71,500.
<img src="/images/stories/2013/08/aunchflower_aug_30_one.jpg" width="470" height="353" alt="aunchflower_aug_30_one">
<a href="https://www.realestate.com.au/property-house-qld-hamilton-113117119" target="_blank">143 Crosby Road Hamilton</a> (pictured below), 9km from the CBD, sold for $1,550,000 in March after 61 days on the market. It was listed for sale in November 2010 and sat on the market for 171 days. It was previously sold for $640,000 in July 2003 and $460,000 in July 2002.
<img src="/images/stories/2013/08/hamilton_aug_30_one.jpg" width="456" height="342" alt="hamilton_aug_30_one">
31 Ralston Street, Wilston, 7km from the CBD, sold for $1,310,031 in March. It previously sold for $760,000 in July 2003, $635,000 in July 2002 after 43 days on the market and $105,000 in November 1987.
23 Chermside Street, Teneriffe, 2km from the CBD, sold for $1,146,000 in April after 34 days on the market. It previously sold for $330,000 in November 1997, $268,000 in April 1995 and $160,000 in May 1990.
Houses in the $1 million-$2 million range on the market include:
<a href="https://www.reiq.com/House/for-sale/paddington/2512736.aspx" target="_blank">33 Upper Cairns Terrace, Paddington  </a> 
Price: $1,500,000
In a low maintenance package, this multi-level Queenslander (pictured below) has plenty of living areas and excellent separation of space. Surrounded by greenery, this home offers a secure hub with beautiful elevation and breezes, and city and urban views. It’s within walking distance of Suncorp Stadium, transport, Petrie Terrace state school, Brisbane Grammar and Terrace schools. Also The Barracks, Given and Latrobe Terrace all within 3kms of the CBD.
<img src="/images/stories/2013/08/paddington_aug_31_one.jpg" width="470" height="314" alt="paddington_aug_31_one">
<a href="https://www.reiq.com/House/for-sale/red-hill/2427362.aspx" target="_blank">69 Glenrosa Road, Red Hill</a>
Price: $1,150,000 
Home to only four families in 110 years, this Colonial home was built for the postmaster of Brisbane in 1904. It has been extensively and sensitively renovated to suit a modern family. This well maintained home has four bedrooms, three bathrooms and offers several options for various family configurations.
<img src="/images/stories/2013/08/red_hill_aug_30_one.jpg" width="470" height="313" alt="red_hill_aug_30_one">
<a href="https://www.reiq.com/House/for-sale/fortitude-valley/2526141.aspx" target="_blank">49 Hynes Street, Fortitude Valley   </a>
Price: $1,200,000 
 This city edge opportunity is near where Newstead meets the Valley and a chic lifestyle precinct is quickly establishing. The quality of construction is evident throughout this architecturally inspired small lot home (pictured below) which was carefully constructed by the best craftsmen.
<img src="/images/stories/2013/08/fortitude_valley_aug_30_one.jpg" width="470" height="353" alt="fortitude_valley_aug_30_one">
</body></html>

staylor-63KgDrKwoY

Brisbane's $1 million trade up market is the city's best performing price sector: Herron Todd White

<html><body>
One of Brisbane’s first ever Spanish mission-style homes was listed for auction this month. And El Nido the elegant 1928 estate, with Brisbane River views, is now under offer.
At 19 Hillside Crescent Hamilton the four bedroom, three bathroom, two car garage residence features a World War two bomb shelter which is used as a wine cellar.
The home features a study and nursery, separate teenager retreat/ guest room, a large 1980’s style kitchen, in ground swimming pool, spa and sauna.
The estate is grand and full of character with polished timber floors, soaring coffered ceilings and dazzling lead light windows, the home sits on 792 square metres.
Rosemary Ahearn of Ray White Ascot was handling the <a target="_blank" href="https://raywhiteascot.com.au/qld/hamilton/987963/">listing</a>.
El Nido was up for sale in 2008, and then in 2010 at $2,790,000. Surrounded by palm trees, El Nido feels like the perfect spacious, Spanish luxury resort home.
<img height="127" width="470" src="/images/stories/2013/07/yieldsbanner.jpg" alt="yieldsbanner">
The median house price in <a target="_blank" href="/news">Hamilton</a> over the past five years has risen by 38%.
<img height="57" width="470" src="/images/stories/2013/05/trophyhomesstrapone.jpg" alt="trophyhomesstrapone">
</body></html>

gwestgarth-UNyZGFyQQF

Brisbane's Spanish-style mission home El Nido

<html><body>
Meriton’s Inifinity development in Brisbane is reaching new heights with construction now at level 75.
At 81 levels and 262 metres tall, Infinity will be the tallest tower in the Brisbane CBD.
Meriton’s first Brisbane development – Soleil – will have lost its mantle of tallest tower in the city.
Infinity features 549 apartments, with just under 85 apartments still available.
Of the 549 apartments, are plans by Meriton to keep 250 as serviced apartments - a growing component of the Meriton business.
One-bedroom apartments still on offer range in price from $480,000 to $498,000.
Two-bedroom apartments range in price from $619,000 to $656,000.
Three-bedroom apartments still available range in price from $933,000 to $984,000.
Apartments will boast views through floor to ceiling windows and will include bathrooms with freestanding baths and wall-mounted basins.
The gourmet kitchens feature stone bench tops and stainless steel appliances.
Residences will also have access to an indoor heated pool, sauna and spa.
Infinity is adopting the latest in elevator technology; a traffic management system to group people who are travelling to the same floors, therefore reducing the number of intermediate stops in between.
Meriton is offering a range of savings for potential buyers, including a stamp duty refund and 5% vendor finance.
Owners will also be eligible for the $15,000 first homeowner construction grant and investors are guaranteed a tenant on settlement.
Construction on <a href="https://www.meriton.com.au/properties/infinity-apartments-brisbane-cbd/" target="_blank">Meriton's Infinity</a> is scheduled for completion in late 2013.
The median apartment price in the <a href="/news">Brisbane CBD</a> is $455,000, a 1.1% change in five years, according to RP Data.
</body></html>

ntrotman-Et3xWpamVh

Construction on Meriton's Infinity reaches new heights

<html><body>
Queensland’s status among the economic growth leaders of Australia has slipped in recent years, but its standing in the eyes of property investors remains undiminished.
Western Australia and the Northern Territory lead the country on economic growth, with Queensland a distant third.
The ACT has thenation's lowest unemployment followed by WA, while Queensland, with the exception for the struggle state Tasmania, now has the worst .
WA is way out in front on population growth, with ACT second alongside Queensland, with the Northern Territory and Victoria challenging.
But property investors are oblivious or simply don’t care. Queensland has long held a reputation as the place to buy and nothing so far has shaken that conviction.
Overall, Western Australia is the national leader these days based on economic indicators – and Perth is the leader for price and rental growth - but more investors are buying in Queensland than in WA, according to the loan figures from the Australian Bureau of Statistics.
In the 2013 financial year, Queensland was the star of my hotspotting business.
The Top 10 Queensland Hotspots report outsold all our other state/territory reports by a considerable margin. The next most popular state, WA, attracted only half as many customers as Queensland did.
Our Queensland report sold more than NSW, Victoria and South Australia combined.  
When it comes to individual location reports, Queensland again topped the poll. The top five locations for Hotspotting buyers throughout the 2013 financial year were all in Queensland: Gladstone, Surat Basin, Mackay, Townsville and Emerald.  
Nine of our 12 most popular locations were Queensland regional centres.  
And, no, it’s not because we are based in Queensland. Only 20% of our report buyers were Queensland-based in the financial year 2013. We get most of our buyers from NSW and Victoria.  
So why is Queensland so popular?  
I think, in part, it’s because Queensland has an enduring reputation as a centre of growth. It has a track record for rising population and economic prosperity going back decades and investors are taking the long-term view that this will remain so.  
It’s also because Queensland is the most decentralized state or territory in Australia. All other states/territories have the bulk of their populations in their capital cities.  
Queensland is different. The state has stronger, prosperous regional areas than anywhere else in the nation and many of those places have well-established records for growth.
While Brisbane and tourism icons like the Gold Coast, the Whitsundays and Cairns have struggled in recent years, regional centres like Toowoomba, Emerald, Mackay, Gladstone, Roma and the towns of the Western Downs region have all delivered good price growth.  
Queensland offers unique or near-unique features to investors.
Nowhere else in Australia has a Gold Coast (probably not a bad thing, because the Gold Coast is a poor performer on capital growth, with houses and units on average still worth less than five years ago).
Nowhere else in Australia has a Gladstone, the nation’s leading industrial city.
Few other states have a Toowoomba, an inland city with 140,000 residents, a diverse economy and a boom resources province (the Surat Basin) on its doorstep.
Few other states have a Mount Isa, a remote mining town which is also a regional centre of 20,000-plus residents.
Few other states have a Townsville, a regional city with the population, economic diversity and strength of a capital city.  
And, with the exception of WA, no other state has the resources sector oomph of Queensland – a factor that will continue long-term, despite current weakness in the coal sector.  
For these and other reasons, Queensland lures property investors like no other part of Australia.  
Terry Ryder is the founder of <a rel="nofollow" href="https://www.hotspotting.com.au/" target="_blank">hotspotting.com.au</a> and he will be <a href="/news">discussing the property market in detail at the </a><a style="font-size: 14px;" href="/news" target="_blank">Property Observer</a><a style="font-size: 14px;" href="/news" target="_blank"> </a><a href="/news">webinar</a> on 31 July.
<a href="https://www.hotspotting.com.au/"></a><a href="https://www.hotspotting.com.au/">ryder@hotspotting.com.au</a>
<a href="https://twitter.com/hotspotting" target="_blank">twitter.com/hotspotting  </a>
</body></html>

terryryder-YECXbqmri2

Queensland lures property investors like no other state: Terry Ryder

A luxury&nbsp;Gold Coast penthouse &ndash; the pinnacle of the lavish Axis building at cosmopolitan Main Beach &ndash; could top $9 million at its first ever sale.

It&rsquo;s owned by Gerard Willemsen, the head of the Willensen Development Corporation which completed construction on the 30-storey building back in 2005.

The&nbsp;<a href="https://www.propertyobserver.com.au/https://www.thehomepage.com.au/property/residential/26-breaker-street-main-beach/829152" target="_blank">six bedroom abode at 26 Breaker Street</a> is one of only 34 apartments in the block. It is spread over four levels with enviable ocean, broadwater and hinterland views.

To determine a realistic selling price, Alex Caraco, of agents Tyson Coldwell Banker at Main Beach, compared it to a two-level penthouse of 1100 square metres in Lennie Avenue, Main Beach, which sold 18 months ago for $8.8 million.

&lsquo;&rsquo;Based on that price, and in a better market, the figure is about right,&rsquo;&rsquo; he told Property Observer. &lsquo;&rsquo;We are selling twice the amount (of properties) we sold last year and prices are up by about 5%.

&lsquo;&rsquo;And we believe this property is better.&rsquo;&rsquo;

It&rsquo;s not hard to see why: the 1085 square metre penthouse also has six bathrooms and three kitchens on various levels, an executive office plus two other studies and stunning views from every room.

Relax by the covered pool on the top level - perfect for indoor and outdoor entertaining. There&rsquo;s also a fitness area, barbecue area and Zen garden.&nbsp;

A private elevator accesses all four floors, with level 28 opening into the main reception foyer, formal living area with six metre ceilings, floor to ceiling glass and spectacular views.

There is also an &lsquo;&rsquo;out of this world&rsquo;&rsquo; kitchen with a dumbwaiter to all floors, a casual dining room and huge family room opening onto a north-facing balcony. There&rsquo;s a formal dining room and a concealed wine cellar and wet bar adjoining the office and library.

Level 29 level has a luxurious main suite with its own balcony, his and hers walk-in wardrobes and en suite with freestanding bath and luxury fittings. There is also a guest suite, gallery walkway overlooking a formal lounge and ocean views.

Level 27 has stand alone accommodation for family or guests. There are three bedrooms and gourmet kitchen, open plan dining and living areas and a north facing balcony with 180 degree water views. This level could also incorporate a home theatre room.&nbsp;

There&rsquo;s a triple garage and lock up storage, outdoor pool, gymnasium and a steam room.&nbsp;

Other features are a central suspended staircase, Smart c-Bus technology and home automation, soft touch lighting and Bose sound system.

Gold Coast Axis trophy penthouse listed by owner-builder

<html><body>Australian Property Monitors (APM) has released a list of auction results in Brisbane for the weekend of July 20. <a target="_blank" href="https://www.homepriceguide.com.au/saturday_auction_results/Brisbane.pdf" rel="nofollow" style="font-size: 14px;">Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

po-LsXgBTHBmX

APM's Brisbane auction results for July 20 weekend

Taiwanese businessman James Tsai is selling his Sanctuary Cove waterfront mansion for $10 million plus, only a year after moving in.

Tsai purchased the 1,965-square-metre lot at 7313 Bayside Close for $3 million and built the $10 million four-level home over 20 months.

The one-year-old home features five-bedroom, six-bathrooms and can be accessed via car, boat or air.

The rooftop terrace features helicopter access and the 78-metre river frontage features a 24-metre private pontoon.&nbsp;

The home boasts golf leaf detailing framing the ceiling, black granite floor and stone-finished ensuites.

Also included is a cinema room, 25-metre indoor pool, steam room and karaoke room.

Tsai supposedly wants to downsize.

The property is listed through Sam Guo and Julia Kuo of <a href="https://www.raywhite.com/qld/sanctuary-cove/973080/#.UeSLiuBAt6o" target="_blank">Ray White Broadbeach</a>.

Sanctuary Cove $10 million trophy waterfront mansion 

<html><body>
You can have positive cashflow and good capital growth – but many investors think you have to choose one or the other.
It’s a frequently asked question: should I go for growth properties or for positive cashflow? The question assumes the two things are mutually exclusive.
They’re not. Both can be achieved in the one property, if you know where to buy.
Earlier this week I did a webinar with Melbourne mortgage broker and author Jane Slack-Smith to address this subject.
We discussed ways to achieve positive cashflow investments (without resorting to high-risk locations like mining towns).
The current climate presents great opportunities for investors to achieve this because interest rates are so low and rents are strong in many locations.
Australia has many solid regional centres where rental yields above 6% are common and capital growth prospects are strong.
This week’s webinar focused on opportunities in four of those locations: Albury-Wodonga at the NSW-Victoria border, Bendigo in Victoria, Rockhampton in Queensland and Palmerston in the Northern Territory.
In each case, there are ample opportunities to find properties that pay for themselves with the investors needing a deposit of less than 20% - in some cases, less than 10%.
Each of those locations has multiple growth drivers and plenty of capital gains potential. There are many others across Australia with similar credentials.
The suburb of Berserker (not sure how it got the crazy name) in Rockhampton has achieved growth in its median house price averaging 12% a year over the past decade. Most investors would be delighted with that kind of growth, which suggests property doubling in value every six years.
But the median rental yield for houses is above 6.5%. Vacancies are low and rents are strong. The suburb has two major shopping centres, plenty of schools and lots of Queenslander-style houses with character. But the median house price is under $250,000.
Rockhampton is a substantial regional city. It’s not only “the beef capital of Australia”, but the administration centre for central Queensland. It has the economic diversity I always seek in potential hotspots and it’s on the cusp of a new growth phase.
A big rise in the number of dwelling sales is usually a forerunner to price growth. Rockhampton recorded a jump in sales volumes late in 2012 and then, in the March 2013 Quarter, recorded the highest median price growth in Queensland, according to data from the Real Estate Institute of Queensland.
Rockhampton has had major flooding in the recent past and buyers need to check that factor. Agent Jason Rayner of Harcourts says upper Berserker is flood-free but lower down buyers need to be a little cautious.
There are hundreds of possibilities like this across Australia where investors can achieve the trifecta of affordable prices, positive cashflow and great growth potential.
</body></html>

You can achieve good capital growth and positive cashflow in the same property, if you know where to buy: Terry Ryder

<html><body>
The rise and fall of markets across Queensland are graphically depicted by the latest rental data from the state’s Residential Tenancies Authority.
The decline in markets like Gladstone and Mackay is confirmed by the figures (based on new rental bonds lodged in the June Quarter), while the rise of others like the Sunshine Coast and Rockhampton is equally evident
There has been moderate growth in Brisbane City, with the median weekly rent for three-bedroom houses up from $400 a year ago to $410 now and the median rent for two-bedroom units up from $385 to $390.
There has been rental growth in some of the outer reaches of the Brisbane metropolitan area, with the median rent for Redcliffe rising from $325 to $340, while Redland City has increased from $365 to $380 and Ipswich City has moved from $280 to $290.
But the most pronounced movements have been seen in the regions. Toowoomba, the major regional city for the Surat Basin region where coal seam gas is driving economic growth, has recorded a rise from $280 to $300 a week for three-bedroom houses.
The towns in the heart of the Surat Basin CSG country have had much bigger increases: Chinchilla has risen from $365 to $450, Miles from $350 to $500 and Wandoan has jumped from $220 two years ago to $600.
Mount Isa, a mining town that’s still strong because its resources sector is not based on coal, has seen median rents for three-bedroom houses move from $500 two years ago, to $540 in 2012 and to $580 today.
Some of the tourism-based coastal markets which have struggled for several years, but are now mounting comebacks, have recorded solid rental increases for houses.
They include the Sunshine Coast (up from $270 to $380), Cairns (up from $320 to $330) and Hervey Bay (up from $270 to $280). All three have also had increases in median rents for two-bedroom units.
But central Queensland locations with a strong reliance on the resources sector have seen significant falls in rental levels, as further evidence that those markets are declining.
Gladstone and Mackay, both impacted by over-building which has pushed up vacancies, have had consequent drops in rental levels. The Gladstone median for houses is down from $520 to $480, while Mackay has dropped from $460 to $440.
But the worst affected is Emerald, where cutbacks in the Bowen Basin coal industry have hurt. It has recorded a sharp decline from $650 to $400 in 12 months. Emerald will recover when one or two of the mega projects planned for the nearby Galilee Basin start construction
The relative strengths and weaknesses of the Gold Coasts are also reflected in the rental data. The median rent for three-bedroom houses has risen steadily since 2011 from $400 to $405 to $420 today, but there has been no growth for two-bedroom units.
Some sectors of the Gold Coast unit market – in the north and the west – have recorded decreases in median weekly rents.
Terry Ryder is the founder of <a rel="nofollow" href="https://www.hotspotting.com.au/" target="_blank">hotspotting.com.au</a>
</body></html>

The regions have Queensland's most pronounced rental price movements: Terry Ryder

<html><body>
There are attractive investment options for Brisbane property investors with a $500,000 budget including “dodgy” but well-tenanted apartments close to the CBD, say valuers Herron Todd White.
“Second-hand units have a lot going for them,” says the valuation firm as part of its July market report on investment options below the half million dollar mark.
“Large floor areas, renovation potential and well established locations with good amenities are common for these properties.
“If you’re OK with staying at the cheaper end of things, you can most certainly pick up something dodgy within five kilometres of the CBD that will never be without a resident.
“It might be pre-1975, but the fundamentals will be good.
“Try any near city, walkable suburb that has a café strip and a lot of appeal.
“It’s even better if the tenant base is obvious – universities, hospitals and nearby places of employment.
"Shop around, be ready to jump and you will be sitting pretty.”
For investors looking for something a bit more modern, HTW says the “1980s have been back in fashion for some time now”.
“A two-bedroom, one-bathroom unit circa the era of bubble skirts and shoulder pads will be a goer.
“Try areas such as Stafford, Nundah and Kedron.
An example of an older style apartment well below $500,000 is <a href="https://www.realestate.com.au/property-unit-qld-nundah-113869551">this two-bedroom unit on Little Jenner Street in Nundah</a>, about 8 kilometres north east of the CBD, asking $329,000 and being sold by Renee Rennie of Go Gecko - Inner North.
"This renovated corner location North facing apartment on Little Jenner Street is a leisurely stroll to the cafes, restaurants and all that Nundah Village has to offer," says the listing.
Herron Todd White highlights the importance of the new Eastern Busway to Coorparoo of which two stages have been completed, to the overall appeal of these markets.
“We do bang on about the busway here but it is further evidence of how these locations are being very well serviced," says HTW.
“If you’re looking south, then Greenslopes or Coorparoo should have something.
“For $30,000 to $40,000, you can turn drab into fab and have the tenants begging to be let in.
“The sale price for one of these is anywhere from $300,000 to $400,000. The good thing is this – rental yield is now around 5% to 5.5% gross.
“The second best thing is that these returns feel sustainable. We wouldn’t expect to see much fall below 4.5% because all of these locations provide plenty of infrastructural support."
</body></html>

Latest Queensland Property News

Gardner Vaughan brings Bronze on Chevron to market as Gold Coast debut

Editor's Picks

Developments

New apartments

New townhouses

News

Latest Queensland Property News

Gardner Vaughan brings Bronze on Chevron to market as Gold Coast debut

Editor's Picks

Receive the latest news stories to your inbox

Developments

New apartments

New townhouses

News