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?

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Retailing tycoon Gerry Harvey has purchased the Cairns Hypermart for $16.175 million. 

The 15,300 square metre shopping centre (pictured below) has several big-name tenants, including Harvey Norman which has 9400 square metre space which represents 61% of the centre's space.
{yoogallery src=[images/stories/2013/06/june26hypermart]}
Its other tenants include Snooze and Freedom Furniture.
It returns a rental income of $1.94 million per annum. Its about 99% leased.

The centre and office tower located on the corner of Spence and Draper streets comes with 162 car parks on its 2.43 hectare site. It has been bought through the Harvey Norman subsiduary, Calardu Cairns.
It is the former Cairns Brewery site.
Both Harvey Norman and Freedom Furniture have been tenants in the building since its 1995 construction, Harvey Norman having made lease agreements until 2018 and Freedom until 2015.  They pay 66% of the centre's income.

Harvey told the Cairns Post he thinks the region has a good long-term future. 

“We think Cairns is a wonderful place. We have been there for a long time.

“Overall, Cairns is one of the better towns in the country and it’s got a good long-term future,” he said. 

The buyer catchment area for the property is 229,920 people and that number is expected to grow at a rate of 1.5% to 1.8% per annum. 
On its listing last year there were $20 million price hopes.
The last valuation was $17 million as at December 31, 2012.
It last sold for $16.8 million in 2001. It sold at $17.55 million in 1999.
It was sold by Charter Hall Direct Property Management Ltd, which had taken over the hypermart's owners, PFA Diversified Property Trust.
 

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Confident Gerry Harvey buys Cairns Hypermart

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The largest drop in the value of units in Australia has occurred in Wide Bay Burnett, Queensland, according to a report released by RP Data. 



Unit values in this area have dropped 19.8% since the market peaked in 2007-2008, with fewer units now for sale in the area. 



The Wide Bay Burnett area, including Bundaberg and the Fraser Coast, is well known for established agriculture and tourism industries, with access to whale watching and Fraser Island, the world’s largest sand island. 



Tim Lawless, national research director at RP Data, says the largest declines in property values have been recorded across the coastal and lifestyle markets, such as Wide Bay Burnett, and these declines are more concentrated across unit dwellings within these regions. 



Rae Vella, principle estate agent at A1 Realty, Wide Bay Burnett, puts the decline down to an improvement in the rental potential of houses in the area. 



“Investors are going towards houses more than units because the rental return in better,” she says. 



Vella says property investors looking to lease out properties make up most of the buying market in Wide Bar Burnett, contributing to the fall in unit values. 



She adds that the few units that are listed with A1 Realty have tended to have been on the market for long periods of time, causing owners to reduce the asking price. 



“Some units that have been on the market for quite some time have come down in price,” she says. 



Current units in Wide Bay Burnett are listed at between $149,000 and $285,000. 
<div>
Recent unit sales in the area show price falls - though not as much as the headline figure. The sales have included a 2-bedroom unit on King Street, Bundaberg North, which sold for $229,000 in March. The unit had previously sold for $235,700 in February 2011 and $233,000 in March 2009. 

A three-bedroom unit in Svensson Heights is currently listed for sale with an asking price of $299,000, the same price it was sold for in May 2009. 

</div>



Other areas that have experienced a significant drop in property value include Far North Queensland, the Barwon region of Victoria and the Gold Coast, Queensland.
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Unit values fall 19.8% in Wide Bay Burnett as investors preferences shift to houses

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I’ve had more questions about Port Hedland than any other Australian location in the past week or so. Combined with questions about Gladstone, they probably comprise 75% of location-specific queries I’ve had lately.  
Australian investors seem constantly on the prowl for boom locations with runaway growth and double-digit rental returns. Sadly for most, they act too late in the cycle to get the gains they’re chasing.  
Some people have been puzzled that Port Hedland doesn’t feature on the Hotspotting website and have phoned or emailed to ask why that is.  
The answer is that Port Hedland has featured in the past, as one of the most remarkable growth markets that Australia has ever seen. At one point the average annual growth rate in its median house price was above 30% - which means values doubling every 2-3 years, fuelled by strong demand from the mining industry amid limited supply.  
But it features no longer. About nine months ago we started warning investors to be wary of the Port Hedland market and other mega-priced markets in the north of Western Australia, including Karratha.  
The median house price for Port Hedland was well above $1 million - which was ludicrous and, I thought, unsustainable.  
State Government efforts to increase dwelling supply, with an emphasis on affordable housing, were a warning signal that those very high values might be deflated.  
Now, all signs point south for this market. A year ago vacancies were near zero but today they’re approaching 5%. Price growth has stopped and, according to Australian Property Monitors’ price graph, has started to dip below the red line.  
Typical rents are still high – probably the highest anywhere in Australia – but they are gradually dropping and the median rental yield is now 9% for Port Hedland and 8.9% for South Hedland. That’s still attractive for some, but not the 10%-plus returns that previously compensated investors for the risks of a high-priced mining-dependent town.  
The current stumble by the iron ore industry – and I believe it’s a temporary hiccup while the big miners reassess the cost structures of their major projects – has taken some of the heat from the Port Hedland and South Hedland markets.  
So too have the ongoing government efforts to introduce affordably dwellings into a market that few have been able to afford. Last week the State Government launched an apartment project at South Hedland, in which the first stage will have 44 units. The full development will add 112 homes to the market.  
It’s part of a larger plan to make housing more attainable in the Port Hedland area, and other Pilbara centres with astronomical prices.  
Investors should steer clear until the situation settles down.
Terry Ryder is the founder of <a target="_blank" href="https://www.hotspotting.com.au/">hotspotting.com.au</a>
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terryryder-YECXbqmri2

Investors should steer clear as Port Hedland's star fades: Terry Ryder

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Predicting future growth in property values on the Sunshine coast remains “difficult enough” and “even harder” over the next fiver years, says Herron Todd White in its June market review.
However, it says finding properties with the attributes that cause any type of growth in the property market will most certainly work for both the short and long term on the Sunshine Coast.
In the case of this market, HTW says the market fundamentals of “being close to the beach and/or providing views are always solid components for capital growth opportunities”.
“While properties with these attributes felt some of the pain as the market came ‘off’, the fact that these properties are difficult to replicate helps to ‘underpin’ values to a certain extent,” says the valuation firm.
It picks areas such as the Kawana stretch east of the Nicklin Way, elevated areas of Buderim with views and coastal areas east of the David Low Way up to Noosa as some spots to look out for.
HTW says owner-occupiers and investors are both typically active in these areas with opportunities around the $400,000 to $500,000 range.
"The unit market is a little bit of a tougher market to predict. essentially the coastal areas remain the pick.
"Owner-occupiers and investors are wary of large holiday let complexes with high body corporate levies.
"The 1980s high-rise version is OK, if the building has undergone a refurbishment. otherwise check out the 10 year plan for future upgrade levies. Your ranges here are $450,000 to $600,000.
"Well located 1980s walk-ups with low body corporate fees in the $300,000 to $400,000 range close to beach are being seen as an alternative option by buyers.
HTW notes that existing units are more competitively priced than new one so so offers better future upside for capital growth.
"The unit market is much more thinly traded than homes and values have risen only marginally, so future capital gain potential is better than for houses," says the firm.
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Under $500,000, close to the beach or with a view the best “opportunities” for investors on the Sunshine Coast: HTW

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Agents in the Gold Coast area are reporting of a lack of stock and some drop off in sales volumes compared to the previous quarter of 2013, according to Herron Todd White.
The valuers say buyer’s wish lists appear to be inclusive of good condition, nothing to do and cheap.
"Some firming of the market bottom was evident, with the odd very cheap sale occurring, one can only surmise there was an element of a forced sale in these instances.
"Generally the market has more confidence, especially for well located prime properties.
"On Isle of Capri there were three waterfront houses that sold during 2012 in the mid $600,000’s - but agents are reporting that those days are gone."
Herron Todd white says it's still possible to get entry level waterfront properties in Broadbeach Waters for $500,000, but it will be a smaller block with a very narrow canal.
The valuers say there has been some improvement in the unit market for beachfront localities, particularly Surfers Paradise, Main Beach, Broadbeach and Nerang.
However these areas are still very price sensitive, and may be a result of increased investor confidence.
The valuers say agents have reported that investors have been more active.
"The average buyer still wants a bargain in good condition.
"The best chance of growth is for well located properties within one to 1.5 kilometress of the beach."
The valuers first pick is Broadbeach Waters, followed by Mermaid Beach and Burleigh Waters.
The valuers say the gap between waterfront properties and dry block properties is closer than ever before, indicating waterfront properties may be due for a rise soon.
A 1980s single level brick home with four bedrooms and two bathrooms on a 638-square-metre rear canal allotment passed in at auction, receiving a top bid of $460,000.
"In beachside locations, currently “cheap” units with low body corporate fees would appear to be a good buy.
"In the highrise market, units with a good ocean view would appear to have growth potential.
"However the market is soft and appears to still be driven by investors who are shy of high body corporate fees."
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ntrotman-Et3xWpamVh

Gold Coast buyers want good condition, nothing to do and cheap property: Herron Todd White

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Gold Coast property investors and estate agents be warned - David Koch is at it again bagging out the struggling Queensland coastal property market.
In January last year the Adelaide-born, Sydney-based financial journalist and Channel 7 breakfast TV host outraged local Gold Coast and Sunshine Coast property players, residents and retirees by <a href="https://www.google.com.au/url?sa=t&amp;rct=j&amp;q=&amp;source=web&amp;cd=5&amp;cad=rja&amp;ved=0CE8QFjAE&amp;url=http%3A%2F%2Fwww.propertyobserver.com.au%2Fresidential%2Fkochie-to-property-investors-avoid-catastrophic-gold-and-sunshine-coasts%2F2012011953058&amp;ei=C2O6Ud-WDKq5iQemxYGACw&amp;usg=AFQjCNFpSCbgsr0nGifgzS6awlh5hKBbCQ&amp;bvm=bv.47883778,d.aGc" target="_blank">calling them “catastrophes”</a> claiming an oversupply of new apartments was having a “devastating” impact on the market and that any sort of recovery was years away.
In his latest commentary for Yahoo7 Finance, ‘Kochie’ says there are "serious bargains" in the property market despite Australian property prices remaining among the most expensive in the world.
Kochie says there are "still pockets of property in Australia, and one postcode in particular, that go against the grain in a big way”.
“If you’re a market watcher you might guess that I’m talking about the Gold Coast,” he writes.
Kochie notes the latest Home Discounts Report from SQM Research, shows there are now over 1,000 properties in the 4217 postcode (Surfers Paradise and surrounds) that have been on the market for more than 60 days.
However, if he really wanted to drive home his point a bit more research would show that<a target="_blank" href="https://www.propertyobserver.com.au/residential/friday-may-3-news-gold-coast-time-on-market-drops-slightly-to-225-days-apm/2013042960834"> average days on market for Gold Coast property</a> is currently nearly four times this at 225 days - down from 239 days according to Australian Property Monitors (APM).
APM also reported that the Gold Coast’s average discount rate for property increased over April to 13.3% from 10.1% in March - the highest discount rate since June 2012 where it was also 13.3%.
“As you can imagine this oversupply has seriously pounded prices,” Kochie goes on to say.
One example he notes is a two-bedroom Gold Coast unit on the market since September 2011 and listed for $350,000, having previously sold for $595,000 in 2005 –a 40% discount.
Kochie says there are “plenty more where this came from”.
“Now, I don’t mean to single the Gold Coast out as a basket case, because there are certainly other regions that have felt the pain of oversupply too.
“But it should serve as a stern reminder for property investors looking at the region, and properties anywhere for that matter, to look very closely at an area before buying,” he adds.
According to the most recent Prodap Report, the Gold Coast unit market fell by 3% in the March quarter, based on 895 settlements following falls of 11.3% of the past two years.
The average unit price of $419,724 is the lowest since June 2003.
According to report author Bill Morris, this reflects significant discounting of liquidation stock, particularly for central Surfers Paradise high rise apartments.
The most <a href="https://www.propertyobserver.com.au/developments/heavily-discounted-hilton-surfers-paradise-the-only-notable-gold-coast-high-rise-seller-in-november-quarter-midwood/2012121958540/Page-2" target="_blank">recent Midwood Report on the Queensland market</a> recorded only 19 high-rise apartment sales over the November quarter, a 70% plunge from sales figure a year ago with 705 high-rise apartments available for purchase on the Gold Coast, which at current sales rates would take close to a decade to clear.
The Gold Coast detached housing market, which has not been flooded by new developments, is in better shape.
According to the Prodap report, the average Gold Coast house price rose from $515,941 to $554,263 (7.4%) in the March 2013 quarter, matching average prices in Brisbane ($550,000), despite a 27% drop in the volume of house sales. The average price was recorded from a sample of 589 sales.
The increase reversed a 4.5% fall over 2012 and an 8.4% fall over 2011 and 2012 combined.
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Gold Coast “basket case” a good bet for property bargains: David Koch

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A boutique thoroughbred stud property in the Glass House Mountains has been listed for sale with a price guide of $3 million-plus.
Situated on 13.9 hectares, Serenity boasts a six-bedroom home with six bathrooms, a stand-alone teppanyaki grill, wine cellar and bar.
The thoroughbred stud property includes six paddocks with day shelters, spelling yards and day yards, a concrete block stable featuring 10 stables, a vet crush, a horse mechanical walker and an enclosed round yard.
The concrete block stable also includes an office, kitchenette and bathroom.
Situated adjacent to the stable is the staff accommodation, made up of three bedrooms, one bath and a one-bedroom granny flat.
Serenity also features a swimming pool and two dams.
The current vendors built the property around six years ago.
The property is listed through Greg Young of <a target="_blank" href="https://www.henzellsmooloolaba.com.au/pol/property/search.asp?f_propertyID=1982129&amp;xsl=4462&amp;f_st=1&amp;f_ct=1,3,4&amp;f_ps=2">Henzells Mooloolaba</a>, with expression of interest closing June 27.
<img alt="trophyhomesstrapone" src="/images/stories/2013/05/trophyhomesstrapone.jpg" width="470" height="57">
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Thoroughbred stud property Serenity in Glass House Mountains seeks $3 million-plus

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A five-bedroom tropical oasis designed by Stephen Kidd is on the market with a price guide around $3 million.
Located on Belmore Terrace in Sunshine Beach, the 524-square-metre property features travertine limestone tiles, New Guinea rosewood floors and pivoting entrance doors.
The tropical courtyard boasts Lord Howe Island Kentia Palms and a glass roof runs through the core of the house.
The home also features floor to ceiling glass windows, four bathrooms and an outdoor entertainers area with an inbuilt barbeque.
An outdoor swimming pool is also included and a beach shower is located within the garden.
The Kidd-designed home was built in 2011 after the allotment was purchased in February 2008 for $1.4 million.
It is currently listed through Mike Hay and David Conolly of <a target="_blank" href="https://www.century21.com.au/property/180788/">Century 21 Conolly Hay Group Noosa Heads.</a>
The median house price in <a target="_blank" href="/news">Sunshine Beach</a> is $720,000 according to RP Data.
<img alt="trophyhomesstrapone" src="/images/stories/2013/05/trophyhomesstrapone.jpg" width="470" height="57">
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Stephen Kidd-designed tropical oasis trophy home seeks $3 million

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Prices of units and townhouses on the Sunshine Coast have fallen despite an increase in sales activity, according to the latest data report by the Real Estate Institute of Queensland (REIQ).
The report found that the median price of units on the Sunshine Coast have declined by 1.5% from last year’s $340,000 to March’s $335,000, with no change in the March quarter.
This is despite an increase of 22.6% in sales activity of units and townhouses compared to the March quarter last year.
It also revealed a significant increase in the numbers of unit and townhouse sales priced between $350,000 and $500,000.
“Many of these areas have become more affordable, even those with unique seaside locations, so this is no doubt spurring buyers into action before the tide has turned to the positive completely,” <a href="https://www.reiq.com/" target="_blank">REIQ</a> chief executive Anton Kardash said.
Reports of price declines on the Sunshine Coast and Gold Coast are nothing new.
In January 2012 the two struggling coastal markets received national media attention when <a target="_parent" href="https://www.propertyobserver.com.au/residential/kochie-to-property-investors-avoid-catastrophic-gold-and-sunshine-coasts/2012011953058">Channel Seven Sunrise host David Koch</a> outraged Gold Coast and Sunshine Coast estate agents and developers by describing them as “catastrophes”.
Sunshine Coast suburbs that recorded significant declines in prices included Noosa Heads, according to the REIQ data.
Noosa Heads recorded 35 unit sales for the March quarter, with the median unit price at $520,000, representing a 10% decrease from the last quarter.
The annual median unit price in Noosa Heads stands at $480,000, representing a 15.4% decrease on last year’s $567,500. The REIQ emphasised that median prices in Noosa Heads have been affected by the varying quality of stock sold, and the number of waterfront properties sold.
Noosa Heads units for sale include:
<a href="https://www.reiq.com/Apartment-Unit/for-sale/noosa-heads/2480908.aspx" target="_blank">Unit 10/28 Viewland Drive</a>, a two-bedroom apartment (pictured below) listed for $495,000 by Robert James Realty. It last sold for $315,000 in 2003, and $107,500 in 1991, according to RP Data records.
<img alt="sunshinejune12one" height="353" width="470" src="/images/stories/2013/06/sunshinejune12one.jpg">
Other suburbs that recorded declines of between six to nine per cent included Kings Beach and Maroochydore.
Kings Beach recorded 18 unit sales for the March quarter, with the median unit price at $290,000, representing an 18.3% decrease from the last quarter.
The annual median unit price stands at $330,000, representing a 9.6% decrease on last year’s $365,000. The REIQ highlighted that median prices in Kings Beach have been affected by the varying quality of stock sold, and the number of waterfront properties sold.
Kings Beach units that were sold in the March quarter include:
<a target="_blank" href="https://www.realestate.com.au/property-unit-qld-kings+beach-112768827">2/14 Levuka Avenue</a>, a two-bedroom unit (pictured below) was listed by Caloundra City Realty. It sold for $267,000 according to RP Data records.
<img alt="sunshinejune12two" height="353" width="470" src="/images/stories/2013/06/sunshinejune12two.jpg">
Prior to this sale, the apartment last sold for $122,500 in 2000. It was also sold in 1994 for $130,000, and also in 1993 for $117,500, according to RP Data records.
 
<hr class="system-pagebreak">
Maroochydore recorded 62 unit sales for the March quarter, with the median unit price at $310,000, down 6.1% from the last quarter.
The annual median unit price stands at $319,000, representing a 6.2% decrease on last year’s $340,000.
Sunshine Coast suburbs that recorded significant price growth included Golden Beach and Coolum Beach.
Golden Beach recorded 17 unit sales for the March quarter, with the median unit price at $305,000, representing a 7.6% decrease from last quarter.
The annual median unit price stands at $320,000, representing a 26.0% increase on last year’s $254,000.
Golden Beach units for sale include:
<a target="_blank" href="https://www.reiq.com/Apartment-Unit/for-sale/golden-beach/2491162.aspx">Unit 26, 2 Landsborough Parade</a>, a two-bedroom apartment (pictured below) listed for $249,000 by Ray White Caloundra. It last sold in 2008 for $270,000. The apartment was also sold in 2004 for $230,000, in 2003 for $165,000, in 2002 for $120,000, in 1999 for $91,000, and in 1991 for $144,450, according to RP Data records.
<img alt="sunshinejune12three" height="353" width="470" src="/images/stories/2013/06/sunshinejune12three.jpg">
Coolum Beach recorded 17 unit sales for the March quarter, with the median unit price at $338,500, representing a 19% decrease from last quarter.
The annual median unit price stands at $359,000, representing an 8.1% increase on last year’s $332,000.
Coolum Beach units for sale include:
<a target="_blank" href="https://www.reiq.com/Apartment-Unit/for-sale/coolum-beach/2493781.aspx">6/1714 David Low Way</a>, a one-bedroom unit listed for $329,000 by Coolum Beach Real Estate. The unit last sold in 2005 for $320,000, and in 1990 for $97,000, according to RP Data records.
The unit was listed for sale last year for 71 days, at $329,000. It was also listed for sale in 2005 for 22 days, at $340,000.
The unit’s asking rent stands was $250 per week in 2009 and again in 2010.
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dleow-BGaNPbHWyK

Sunshine Coast unit prices still falling: REIQ

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Unit prices in Brisbane have remained steady over the last year, according to the latest Real Estate Institute of Queensland (REIQ) data report.
Some 1060 unit sales were recorded over the March quarter. The median unit price stands at $390,000, which is the same figure as last quarter.
The $396,000 annual median unit price to March 2013 represented a 0.8% decrease on the $399,000 last March.
Suburbs that recorded significant growth included Kangaroo Point.
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