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

Joel Robinson

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

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

Lowe Living unveils Middle Park apartment development

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

DVB Projects to launch second Broadbeach apartment tower as demolition commences

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

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

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

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

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

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

<html><body>
Queensland's Blackwater East has had a Priority Development Area's (PDA) draft plan released for public consultation today, with proposals to provide 100 hectares for new properties.
Deputy Premier and Minister for State Development, Infrastructure and Planning, Jeff Seeney, said that this particular PDA was requested by the council.
"The Blackwater East Priority Development Area was requested by council and is an exciting proposal that may see people working in Blackwater able to purchase a home close to where they work," said Seeney.
Residents, those interested in the community and local businesses are able to view the proposed development scheme and make a written submission.
The public notification period extends from today until 6 December 2013.
The PDA calls for a mix of densities, types, designs, tenures and levels of affordability of housing.
It can <a href="https://www.dsdip.qld.gov.au/infrastructure-and-planning/blackwater-east" target="_blank">be viewed online</a>, with submissions made to the <a href="https://www.dsdip.qld.gov.au/resources/plan/pda/blackwater-east-proposed-development-scheme.pdf" target="_blank">Queensland department website here</a>.
</body></html>

jduke-EHk3XBmHkn

Blackwater East draft plan released today

<html><body>
Mirvac has secured three $5 million plus penthouse sales in the past month at its Waterfront Newstead development, meaning all nine penthouses have now been snapped up in the Pier release.
Three Queensland buyers bought the remaining penthouses, with two located on level five and a penthouse-style river home located on level one.
"These are unique premium apartments, in terms of design, finish and location," says John Carfi Mirvac chief executive officer of residential.
"To make three sales in excess of $5 million each in a single month is positive in any market, so given the soft conditions we've experienced in Brisbane over the past few years, it is a clear sign that we are turning a corner.
"We had been steadily making these top end sales, however we've seen a definite spike in activity for our absolute premium properties in the last 12 months,” says Carfi.
The nine penthouses in the <a href="https://www.propertyobserver.com.au/news/mirvac-secures-%24234-million-in-sales-at-waterfront-newstead-including-%2414-million-penthouse-sale/2013091164964" target="_blank">stage one Pier</a> ranged from $5.3 million to $14.25 million.
The grand penthouse sold in 2008 for over $14 million and set a record for the most expensive apartment sold off the plan in Brisbane, a title it still holds.
Mirvac has sold in excess of $217 million worth of apartments at Pier.
Located two kilometres from the Brisbane CBD in the Newstead Riverpark community, the 10.6-hectare Waterfront Newstead site will feature six residential precincts once complete, accommodating over 1,000 residents.
Construction on the first release, Pier, began in 2009 with construction starting on the second release, Park, in 2010.
Mirvac’s <a href="https://www.propertyobserver.com.au/news/mirvac-secures-%24234-million-in-sales-at-waterfront-newstead-including-%2414-million-penthouse-sale/2013091164964" target="_blank">Waterfront Newstead community</a> will take around 15 years to complete.
The residential community will be part of the larger scale Newstead Riverpark, which will feature FKP’s $1.1 billion Gasworks development.
</body></html>

ntrotman-Et3xWpamVh

Mirvac secures three $5 million plus penthouse sales at Pier

<html><body>
The latest Australian Property Institute Property Directions Survey has found the commercial property market in Brisbane has declined over the past 12 months and is currently at the bottom of the property cycle.  
In contrast, the Sydney and Melbourne commercial property markets saw little change in the 12 months to October.  
The six-monthly survey, by the API’s NSW branch, measures the sentiment and expectations of valuers, fund managers, property analysts and property financiers on a range of topics affecting the property industry.  
It found that, generally, commercial, industrial, retail and residential property markets in Sydney, Melbourne and Brisbane are progressing along the upswing of the property cycle and will do so over the next two years.  
Brisbane retail property is seen as having begun the upswing, and remaining at a similar stage next year and progressing further along in two year’s time. That city’s industrial and residential property sectors are also seen as having begun the upswing and advancing along it next year.  
However, 76% of respondents believe effective rentals will decline in the Brisbane CBD – a strong deviation from the previous survey in May. The Melbourne figure was 68%.  
A stronger performance is predicted over the next two year’s making industrial and residential the strongest performing of the four classes of property in Brisbane. The residential property markets are furthest along the upswing in Sydney and Melbourne.  
Tyrone Hodge, the API’s NSW president, said most respondents were confident the residential property market in the three cities would continue to surge ahead. “Respondents saw this improvement in the residential property market continuing in the next two years, while 70% believe that the changing Australian dollar will have a positive impact on foreign investment in Australian property.  
“Respondents believe commercial property markets in the three cities will improve slowly over time, but that Sydney will be the strongest performing market in the next two years,” Hodge said.  
Respondents indicated that, over the next 12 months, they expect market values for commercial properties in the Sydney CBD, Sydney suburban CBDs and Melbourne CBD to increase above CPI, but at a slower rate than predicted in the previous Australian Property Directions Survey.  
“The tough conditions are reflected in the greater incentives required and slowing market values and with rental increases at a slower pace indicated by survey respondents,” he said.  
A majority of respondents forecast at least moderate investment growth for both the Australian listed and unlisted property trusts and syndicates over the next 12 months but fewer respondents predicted strong growth than in the May survey. Overall, the expected growth for domestic trusts and syndicates to remain strong over the next 12 months.  
Most expect at least moderate investment growth in international listed and unlisted trusts and syndicates in the next 12 months.   For new leases, respondents were split on the forecast movement of effective rents over the next six months in Sydney. “56% of respondents believe that effective rents (which take incentives into account) will remain stable, while 44% of respondents believe they will decline,” Hodge said.  
All respondents saw leasing incentives as a feature of capital city rental markets.  
Across the Sydney and Melbourne CBDs and suburban CBDs, and the Brisbane CBD,
there is a trend towards increasing incentives. Most respondents reported leasing incentives of 20-29%, with leanings towards levels of more than 30% across prime, A grade and lower grade properties. Overall, respondents believe that, even while incentives grow, rents are unlikely to benefit.  
79% of respondents believe there will be moderate investment growth in both listed and unlisted domestic trusts and syndicates. Respondents indicated that they are continuing to see greater inflows from domestic institutions, while others believe that self-managed super funds will boost the supply of funds into the unlisted sector.  
As to major factors impacting the Australian economy, most respondents believe that interest rates and inflation will be similar for the next 12 months, while a large majority believe they will trend higher over the next three years.  
Many believe that the federal election result provides more certainty of government which has positively influenced business confidence. Others believe that the recovery of the share market will result in increased investment in property by superannuation funds to balance their portfolios.
</body></html>

staylor-63KgDrKwoY

Brisbane at the bottom of the cycle: API survey

<html><body>
The historic Gracemere Hotel at Gracemere in central Queensland has been slated for sale.
Constructed in 1885, the double storey building is located on the Old Capricorn Highway and is adjacent to the recently opened Gracemere Shopping World, which has Woolworths and Best &amp; Less as anchor tenants.
The hotel - about 11 kilometres from the Rockhampton CBD - is being marketed by Tony Bargwanna and Leon Alaban of Ray White Hotels Australia.
Mr Bargwanna said the hotel enjoys a reliable trade and no immediate competition in a diverse local economy.
“The hotel in the 2012-13 financial year generated turnover of approximately $7 million plus gaming revenue,” he said.
The hotel, which has had multiple refurbishments, comprises of a sports bar, a bistro and dining area accommodating around 175 patrons, a gaming lounge with 30 EGMs, PubTAB, Keno, a bottle shop, commercial kitchen, children’s playground and eight hotel guest rooms. The land area is about 2,829 square metres.
“The current owners have identified that the sports bar and beer garden would be next areas of growth for the Hotel; concept plans for future works to these areas have already been prepared, added Mr Bargwanna.
While Mr Alaban said the gaming room could easily accommodate an additional 10 electronic gaming machines, subject to approval. “For strategic purchasers, we also believe the acquisition of a vacant block of land adjacent to the hotel car park could be targeted to construct a motel or expand the bottleshop and the car park area,” he said.
Expressions of interest close on November 13.
</body></html>

kjiminez-eaYKfU7qd2

Central Queensland's historic Gracemere Hotel slated for sale

<html><body>
A private investor has snapped up a new industrial warehouse in the northern Brisbane suburb of Banyo for $420,000.
Located just 12 kilometers north of the Brisbane CBD, the warehouse, at 5/368 Earnshaw Road, features a 5x5 metre roller shutter door and four allocated car parks.
Tim Langford of Ray White Industrial Milton sold the property.
</body></html>

Private investor snaps up new industrial warehouse in Banyo, Brisbane

<html><body>
There are highs and lows in any industry – especially property. No sooner do things go up than they come down.
Take the port city of Gladstone in Queensland, for instance. Elders Real Estate’s property manager, Nikki Nation, said increasing industrial activity over the past few years had caused rentals to rise sharply - but they are now dropping back sharply.
"It all depends on the property, of course, but we are now offering brand new four-bedroom houses for $50-$100 a week less than previously, with a property that was $550 now $500; a self-contained townhouse that was $850 now $550 a week."
Gladstone, with a population of around 32,000, is 550 kilometres north of Brisbane. Settled in 1853 it is the state’s largest commodity port. The local commerce is primarily industrial-based and includes large-scale alumina refineries, aluminium smelting, heavy chemicals and shale oil. And therein lies the reason for the rental declines.
An oversupply of rental properties was caused when a large dredging company’s contract ended recently and it quit the town. This resulted in the company handing back 200 properties formerly used by its fly-in-fly-out workforce, flooding the market. Elders had exposure to 75 of these properties. "Of course this has driven rents down," Nation said. "However, we are still managing to rent out 50-70 properties each month."
Resource companies – and their FIFO workers - are still moving into the district with a LNG project just getting off the ground at nearby Curtis Island, the Wiggins Island coal export terminal development and the establishment of a shale oil plant being explored. Workers at these projects will still require housing.
"The drop in rents has affected us,’’ Ms Nation said. ‘’But lots of families are coming here.’’
‘’There are still healthy returns, just probably not as high. I’m told that lots of investors are getting 6% to 8% returns.’’
Elders is renting <a target="_blank" href="https://www.realestate.com.au/property-house-qld-south+gladstone-410798767">4/12 Leonard Street South Gladstone</a> (pictured below) for $450 per week. The house has three bedrooms, two bathrooms and a double garage. The townhouse is one of seven in the complex.
{yoogallery src=[images/stories/2013/10/22/glad]}
 
Having developed into a prosperous regional centre for business and government services, Toowoomba is attractive for renters working in its broad-based economy.
The south-east Queensland city is 127 kilometres west of Brisbane in the Darling Downs with an estimated district population of 157,023. Settled in the 1840s it is Australia's second most populous inland city and the most populous non-capital inland city, <a target="_blank" href="https://www.abs.gov.au/AUSSTATS/abs@.nsf/DetailsPage/3218.02009-10?OpenDocument">according to ABS statistics</a>.
Fastrack Property Managers’ Grant Beveridge said present rental vacancy rates were only 1%-1.5% - much lower than the usual 3% - with demand for property strong all year. ‘’This is a region that lives with its own hub. So, for investors, we are not greatly affected by what happens in the rest of the country.’’
With a strong industrial base, such as mining in the Surat Basin two hours to the west, and the nearby Acland coal mine, workers are being drawn from the Toowoomba region and strengthening demand for rentals. As a further sign of confidence, the long established Wagner concrete company is planning to build a $100 million airport at nearby Charlton next year to import and export its products.
Beveridge said this was expected to provide 2000 jobs in the initial stages - and obviously boost demand for rental accommodation. The airport is expected to generate up to $318 million yearly in economic output.
"All these projects are making it good to invest in the west side of town. If you haven’t invested in Glenvale, Harristown or Kearneys Springs in the next six-to-12 months, you might be too late," Beveridge said. "Prices will skyrocket as banks free up lending."
The establishment of a $300 million shopping centre in the centre of town, and adventurous plans to combine it with two existing shopping centres - Garden Town and Grand Centre, by the end of next year, will also be a catalyst for higher rental prices.
Beveridge said renters were typically chasing four bedroom, two bathroom houses with two car spaces and paying $380-$420 per week. He said increasing prices meant landlords were achieving higher yields, often as high as 5.5%-6%.
"These properties make up 65%-70% of our stock as we are a management agency only – we don’t sell property," he said.
"Rentals depend on location and there are some good yields being achieved at Kearneys Springs and Harristown. Investors paying in the 'high two’s to low three’s' for property there were receiving $330-$340 a week in rent," he said.
Fastrack is renting <a target="_blank" href="https://www.realestate.com.au/property-house-qld-glenvale-411530219">7 Candlebark Court, Glenvale</a> (pictured below) from November 6, for $320 per week. The three bedroom brick house has one bathroom and a single car space.
<img width="470" height="248" alt="glenvale-opct-22-two" src="/images/stories/2013/10/22/glenvale-opct-22-two.jpg">
 
Rockhampton, never a boom-or-bust town, is having a 'bit of a hiccup' now as mining slows in nearby regional cities Gladstone and Mackay and reduces demand for local rentals. As a result, vacancy rates in ‘Rocky’ are the highest they’ve been for a while at 3.6%, instead of their customary 1%-1.5%.
Rebecca Trott, property department manager at Pat O’Driscoll Real Estate, said: "During the 18 months that our vacancy rate was under 1% we saw an increase in rent of around $20 per week to $40 per week. It’s now stabilised with less demand and increased vacancy rates."
But that’s now changed with a lot of people who had moved into the area over the past few years to work in the mines now moving onto green pastures. "Things are a bit different here now," she said, with people moving out – and not in – to the town, which has fewer FIFO (fly in fly out) workers than, say Gladstone, which is 100 kilometres away.
Rockhampton, settled in 1858, is 640 kilometres north of Brisbane on the Fitzroy River. It has a population of around 70,000 and is about a 30-minute drive from the coast.
All is not doom and gloom in the town which prides itself on its sunny climate. "I can certainly see it picking up because Rockhampton has a broad range of industries and usually rises steadily," Trott said.
"Construction work at the public hospital will create more employment opportunities in the near future, as well as many high-rise developments currently under construction and new estates being established in the Rockhampton area."
The most popular rental properties are units or townhouses, with the average weekly rent for units at $280-$300 a week. Average rental prices, which include houses, is around $350 a week. Good news for prospective tenants is that the high vacancy rates have ensured there is "plenty of everything" available at the moment.
The usual tenants are families or professional couples who have arranged employment before arriving in the town.
"Yes there’s been a bit of a hiccup at the moment but things will improve as Rockhampton is a great place to live."
Pat O’Driscoll Real Estate is seeking tenants for <a target="_blank" href="https://www.realestate.com.au/property-house-qld-the+range-408520895">10 Bolton Street, The Range</a> (pictured below), at $320 per week. The high-set weatherboard has two bedrooms, sleep-out, bathroom and single carport. There’s an updated kitchen, polished floors, fans throughout, deck at the front, plus a carport at the rear. Trees behind the front fence add privacy.
<img width="470" height="353" alt="rockhampton_oct_22_one" src="/images/stories/2013/10/22/rockhampton_oct_22_one.jpg">
</body></html>

What's happening in Gladstone, Rockhampton and Toowoomba?

<html><body>
Residential development sites in south east Queensland are being snapped up, according to Ray White Special Projects.
It reports there is a shortage of good quality residential sites  given strong demand.
“Sites attracting the most interest include in-fill sites, particularly those with development approvals in place, and sites which can demonstrate demand for the completed product and generate a reasonable rate of sale,” Ray White’s Mark Creevey says.
He says high profile developers including public companies as well as interstate and overseas developers are becoming more aggressive.
“Since the middle of the year we have seen more confidence in the market as a result of lower interest rates, more favourable lending conditions, improved take up of completed residential stock and the end of political uncertainty,” Creevey says.
"There is now a shortage of good quality residential development sites in SEQ due to the depth of demand for the product.”
But development sites with uncertain development approval futures or delivery timelines are still struggling to attract interest.
"There are still challenges in securing funding to purchase properties without approvals in place but banks do have a growing appetite to lend for qualified sites," Ray White’s Tony Williams says.
</body></html>

awalsh-7Ub9EypybQ

South east Queensland development sites being snapped up

<html><body>
A Brisbane property manager has been given a suspended jail sentence for his role in the trust account breaches of Capalaba-based Rylco property management agency.
The Cleveland Magistrate Court sentenced George Cowin to four months in jail, suspended for 12 months and permanently cancelled his license, according to Fair Trading Queensland.
He was convicted of 68 counts of failing, as an executive officer, to ensure Rylco Pty Ltd complied with the Property Agents and Motor Dealers Act.
Rylco failed to pass on $15,000 of rent money to landlords and was convicted of 32 counts of failing to disburse trust money, 32 counts of not accounting to clients, one of not supplying documentation when requested, one of not supplying information about an offence, one of failing to appoint an auditor to the trust account and one of not having the trust account audited.
Rylco Pty Ltd also had its licence cancelled and was permanently disqualified from holding a licence.
Last year the firm was fined $20,000 and ordered to pay $8581.80 in restitution to customers and Cowin was fined $12,000.
</body></html>

Brisbane property manager avoids jail for trust account breaches

<html><body>
Six regional councils in Queenslands central and western areas will receive $17.3 million of funding under the second round of Royalties for Regions for infrastructure and other crucial projects.
"This is about supporting projects that increase liveability and offer a long term attractive lifestyle in resource regions for generations of Queenslanders to come," said Premier Campbell Newman.
The biggest funding allocation includes $8 million to upgrade the Arcadia Valley Road in the Central Highlands, a project that will total $11.8 million.
Child care centres and telecommunication upgrades have also been listed, as well as boosts for schools, community centres and other road upgrades.
Member for Gregory Vaughn Johnson said that these investments are a "shot in the arm" to local people.
Over the four years to 2015/16, Royalties for Regions will invest $495 million to regional community infrastructure, roads and flood mitigation projects.
Royalties for the Regions will invest $495 million over the four years to 2015-16 in critical regional community infrastructure, roads and flood mitigation projects.
</body></html>

$17 million boost to six Queensland regional councils

<html><body>
Townsville has welcomed in a new wharf and port facilities which will be used by tourist and military visitors.
The $85 million overhaul could be just the start of a redevelopment with the recent announcement of the draft Queensland Ports strategy which identified five Queensland ports which would be up for redevelopment.
The 400 crew of the American guided-missile cruiser USS Chosin were the first scheduled visitors to the site today.
The overhaul will improve visitor experiences as well as increase the port’s cargo capability.
“The port is one of Queensland’s most important, handling everything from stock and agricultural produce to retail and industrial cargo as well as meeting a host of defence needs,” transport minister Scott Emerson says.
“The Newman Government is investing in infrastructure for the port because we realise just how important it is, not just to the people of Townsville but communities right through northern and western Queensland.”
Ports in Brisbane, Mackay/Hay Point, Gladstone, Townsville and Abbot Point would be declared Priority Port Development Areas where development will be concentrated and encouraged, under the draft policy released on Thursday.
</body></html>

Latest Queensland Property News

DVB Projects to launch second Broadbeach apartment tower as demolition commences

Editor's Picks

Developments

New apartments

New townhouses

News

Latest Queensland Property News

DVB Projects to launch second Broadbeach apartment tower as demolition commences

Editor's Picks

Receive the latest news stories to your inbox

Developments

New apartments

New townhouses

News