ASX-listed developer <a href="https://www.apartments.com.au/developers/stockland">Stockland</a>&nbsp;is continuing its push back into the new apartment market, filing plans for a prominent gateway site between Collingwood and East Melbourne.

The development giant, which moved back into the new apartment space when it announced Stanton Place in Sydney's Rosebery and have since filed plans for a 50-storey tower, are jumping into the off the plan Melbourne market.

They are hoping to create a mixed-use neighbourhood precinct for <a href="https://www.apartments.com.au/new-apartments/79-81-victoria-parade-collingwood-vic-3066">79-81 Victoria Parade</a>, replacing an existing commercial building with a scheme by <a href="https://www.apartments.com.au/architects/john-wardle-architects">Wardle</a>&nbsp;for 478 apartments,&nbsp;ground-floor retail, new public open spaces and a publicly accessible pedestrian laneway.

<img alt="First look: Stockland plans new mixed-use neighbourhood precinct for Collingwood gateway site" data-entity-type="file" data-entity-uuid="72dbbca9-3918-4073-afad-a0c0c35be8e7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/stockland%20pers.png?VersionId=bzMVUKKxvwuNK1m0v_td126Rgct32uk_" />

The design report identifies the public realm as a central driver of the proposal.

"Collingwood has limited access to high-quality parks and public open space, and the proposal delivers valuable new areas for respite, social interaction and fine-grain retail activity."

The development would deliver a diverse mix of housing, including studio, one, two and three-bedroom apartments alongside townhouse-style residences. Two basement levels are proposed beneath the development, providing resident and retail parking as well as extensive bicycle facilities.

Wardle's design draws heavily on Collingwood's industrial character, using articulated building forms, brickwork and robust materials inspired by the suburb's warehouse and manufacturing heritage. The built form has been broken into a series of smaller volumes to better respond to the surrounding streetscape while extensive communal gardens, rooftop amenities and shared resident spaces are integrated throughout the project.

<img alt="First look: Stockland plans new mixed-use neighbourhood precinct for Collingwood gateway site" data-entity-type="file" data-entity-uuid="7b2135ed-65df-4253-ad53-f216f06bd467" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/stockland%20podium.png?VersionId=l1B6Hqn8zs772VxH6L1fDPg0KHshan9v" />

The planning documents describe the existing office building as offering little engagement with the public realm, with the redevelopment intended to create a more permeable and active neighbourhood destination.

"The proposed scheme presents a significant opportunity to deliver a vibrant retail plaza and a local neighbourhood hub serving both existing and future Collingwood residents."

The 79–81 Victoria Parade site occupies a strategic location about 1.5 kilometres east of Melbourne's CBD, at the threshold between Collingwood and East Melbourne. It is well served by tram services along Victoria Parade and sits within walking distance of St Vincent's Hospital, Fitzroy Gardens, the Fitzroy activity centre and a broad range of employment, retail and hospitality destinations.

Joel Robinson

Stockland plans new mixed-use neighbourhood precinct for Collingwood gateway site

An 1880s timber cottage that has survived Kangaroo Point's transformation from riverside suburb to high-density apartment precinct is set to become the centrepiece of <a href="https://www.apartments.com.au/developers/zephyr">Zephyr Group</a>'s proposed Banksia development.

Rather than see the locally heritage-listed Alpha Cottage as an obstacle to navigate, plans integrate the landmark home into a new 18-storey residential tower, giving one of the suburb's oldest surviving residences a new role as the project's communal hub.

The development application covers a 1,177 sqm amalgamated site at 127-133 Lambert Street and 30 Shafston Avenue, where Zephyr Group plans to deliver 64 apartments above three basement levels. Designed by <a href="https://www.apartments.com.au/architects/joe-adsett-architects">Joe Adsett Architects</a>, the proposal carefully weaves the retained heritage cottage into a contemporary residential scheme, with the tower elevated above the historic building to preserve its presence within the Lambert Street streetscape.

<img alt="First look: Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage" data-entity-type="file" data-entity-uuid="f9dc5bdb-d691-4c60-bf2b-c3ed405a3e75" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Banksia.png?VersionId=Jh4bjlewU.o8HXWt0V4KaFA_lPcF7KWM" />

Named after the native Australian Banksia flower, the project draws inspiration from its distinctive form through curved balconies, sculpted planter boxes and cascading subtropical landscaping that soften the building's profile.

As the design report explains: "The tower's identity is defined by its feature facade, drawing direct inspiration from the Banksia wildflower. The building departs from traditional rigidity through the use of elegant, GRC-moulded planter boxes that appear as if shaped by the breeze."

Plans propose 64 apartments, comprising 32 two-bedroom and 32 three-bedroom residences, across an 18-storey tower. Residents would have access to rooftop amenities including a swimming pool, spa, gym, sauna, private cinema, dining spaces and landscaped recreation areas, while more than half the site is dedicated to planting and open space.

<img alt="First look: Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage" data-entity-type="file" data-entity-uuid="16041b5f-033e-47fa-8fbe-9886e072c1f2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pool.png?VersionId=kpx5w4EbLx0_TdWfDoD1vrSs0_cZ5Ao1" />

The heritage component is the defining feature of the proposal. Constructed in the early 1880s and occupied from at least 1883, Alpha Cottage is recognised by Brisbane City Council as an important surviving example of Kangaroo Point's nineteenth-century residential development and as a representative transverse-gable timber cottage. Despite extensive redevelopment across the peninsula, the building has retained a high degree of its original form and internal fabric.

As part of the redevelopment, the cottage will be carefully relocated a short distance within its original allotment to facilitate construction before being returned to a prominent position along Lambert Street. Original verandah elements will be dismantled, catalogued and reinstated, while significant internal features, including timber flooring, wall linings, joinery, doors, windows and hardware, will be retained. Later additions, including the enclosed rear verandah, will be removed to better reveal the building's original form.

Once restored, Alpha Cottage will accommodate the building manager's office, mail room and parcel facilities, providing an active everyday use that supports its long-term conservation rather than preserving it as a static display. The heritage strategy also maintains landscaped space around the building, allowing it to remain visually distinct beneath the new tower.

<img alt="First look: Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage" data-entity-type="file" data-entity-uuid="43b027e1-576e-4624-a66c-7cc54ea8b7be" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/banksia%20tower.png?VersionId=2W6E2yfkj2AQlWlLeV986grA5zB9f817" />

The Heritage Impact Assessment concludes that "the proposal secures the ongoing occupation, maintenance and conservation of Alpha Cottage," finding the development would result in "no more than a minor impact on the cultural heritage significance" of the building while ensuring its long-term future.

Joe Adsett Architects have designed the tower to sit above the heritage building rather than overwhelm it, creating a clear visual separation between old and new. The development's flowing balconies, integrated planting and organic façade respond to Brisbane's subtropical climate while complementing the restored cottage below.

Banksia occupies a prominent corner in Kangaroo Point within walking distance of the Kangaroo Point Bridge, Brisbane River, ferry services, QUT, the CBD and the Woolloongabba precinct. The site also benefits from direct access to active transport infrastructure and sits within an area earmarked for continued higher-density residential growth.

Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage

Buying into a masterplanned community often means committing to a vision still years from taking shape. At <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a>, that vision is already visible.

Residents have moved into the completed first stage, landscaped spaces are established, and the next chapter is now underway. Stage 1 has been completed and settled, with Stage 2 now selling off-the-plan.

Designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a>, <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> combines attainable apartment living with sustainability initiatives rarely seen at this price point, including rooftop solar, battery storage and a resident EV-sharing program.

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Located on Schofi​elds Road, just moments from Tal​lawong Metro Station and Schof​ields Train Station, <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> has been designed to appeal to a broad mix of buyers, from first-home purchasers looking for a foothold in Sy​dney's property market to downsizers seeking a connected, low-maintenance lifestyle.

<a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> has been conceived as a thoughtfully planned masterplanned community that will evolve over multiple stages, with buyers now able to secure one, two and three-bedroom apartments within a neighbourhood that is already beginning to establish its identity.

One of the project's defining features is its focus on sustainability. Solar energy systems, battery storage and future EV charging infrastructure have been incorporated throughout the development, reflecting a long-term approach to both environmental performance and everyday convenience.

Sustainability sits at the centre of the development's vision, with solar energy systems, battery storage and future EV charging infrastructure integrated throughout the community.

That emphasis on future-ready living extends beyond the technology. Landscaped communal gardens, outdoor gathering spaces and plans for a future retail precinct aim to create a neighbourhood where residents can access daily conveniences without travelling far from home.

[smartcode_project:default project_id=149637 project_image_fid=351027]

The apartments themselves have been designed with liveability front of mind. Rather than chasing maximum density, the focus has been placed on creating practical homes with generous natural light, usable layouts and strong connections to outdoor space.

Importantly, these design principles have been applied consistently across the one, two and three-bedroom apartment offerings.

The appeal of <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> is also closely linked to its location within Syd​ney's rapidly evolving north-west growth corridor. Over the past decade, major infrastructure investment has transformed the area, with new transport links, business precincts and community facilities reshaping suburbs like Talla​wong and Schofiel​ds.

The agent says buyers are increasingly recognising the area's long-term potential.

"Typical buyers that we're finding across <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> especially are your first-home buyers, your investors, your upsizers as well as your downsizers," Hawes says.

Connectivity remains one of the project's strongest drawcards. Residents have access to both Tallaw​ong Metro Station and Schofi​elds Train Station, providing links to the Sydn​ey CBD, Norw​est Business Park, Macquari​e Park and other major employment hubs. Retail centres including Rous​e Hill Town Centre and Sch​ofields Village are also nearby, alongside schools, parks and future healthcare infrastructure.

[smartcode_project:default project_id=149637 project_image_fid=351031]

For Stage 1 resident Roji, it is the balance between convenience and comfort that has defined the experience of living at Kew.

"For me, it's a balance of quality and convenience," she says. "Everything I need is right here."

"If I wanted to catch the train, Scho​fields Station is just around the corner. Tallaw​ong Metro connects me to the city."

More importantly, she says, the development has delivered something that cannot be measured in floorplans or specifications.

"<a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> feels like home."

[smartcode_project:default project_id=149637 project_image_fid=351024]

As Stage 2 enters the market, that lived experience may be one of the project's strongest selling points. Buyers are not purchasing into an untested concept or a future promise. They are joining a community that is already taking shape.

Ongoing investment in transport, retail, healthcare and public open space continues to strengthen the appeal of Syd​ney's north-west growth corridor, while <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a>'s established first stage provides buyers with a tangible sense of the community's future direction.

For a limited time, buyer can secure a new home at <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> with just a $10,000.

[smartcode_project_cta:default project_id=149637]

Kew Tallawong: A growing community taking shape in Sydney's north-west

<a href="https://www.apartments.com.au/developers/freecity">Freecity</a> has received development approval for its 51-storey mixed-use tower at 153-157 Walker Street, North Sydney, set to be one of the tallest mixed-use residential-led buildings in one of Sydney’s most sought-after commercial and residential addresses.

Lodged as a State Significant Development Application (SSDA) through the Housing Delivery Authority (HDA) pathway and approved by the NSW Department of Planning, Housing and Infrastructure following a comprehensive public exhibition and submissions process, <a href="https://www.apartments.com.au/new-apartments/153-walker-street-north-sydney-nsw-2060">the project</a> will deliver 296 apartments, alongside a 170-room, luxury hotel, activated retail and significant public domain improvements.

Situated just 200 metres from Victoria Cross Metro Station, on one of the largest developable sites in North Sydney, the development will rise to 234 metres, making it one of the tallest buildings in the suburb. With an end value of approximately $1.5 billion, the project responds directly to the NSW Government’s mandate to accelerate housing delivery in well-located, transit-connected areas.

<img alt="Freecity gets green light for mixed-use residential and hotel tower in North Sydney" data-entity-type="file" data-entity-uuid="192ec455-94bf-4e01-83ef-922b1b269d67" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Freecity%20-%20Walker%20Street%20North%20Sydney%201%20RESIZED%20.jpg?VersionId=Bzqp0SBHCDvLAHjA4QXkjuGoOEIh73Jl" />

The apartment mix will cater to a broad range of buyers, with 65 studio and one-bedroom apartments, 139 two-bedroom residences, 35 three-bedroom apartments, 48 four-bedroom homes, and nine penthouses. Residents will have access to a dedicated amenity level on Level 33, featuring a swimming pool with views towards the Harbour Bridge, Sydney Opera House and North Sydney CBD, as well as a gym, library, shared kitchen, lounge and outdoor entertaining areas.

The hotel will occupy the lower six levels of the building and include meeting and function spaces, a wellness centre with gym, yoga studio, swimming pool and sauna, further strengthening North Sydney's growing hospitality offering.

At ground level, the development has been designed to improve pedestrian connections through the precinct. More than 700 sqm of retail space will activate the street frontage, while a landscaped through-site link connecting Walker Street, Little Walker Street and Doris Fitton Park will provide new public open space with seating, paving and extensive native landscaping.

Freecity Group Co-Founder and Joint CEO Tony Sun said the project represents one of the most significant development opportunities currently available in North Sydney.

"This is one of the most significant development sites in North Sydney and it comes at a pivotal moment for the precinct," Sun said.

"North Sydney is undergoing a genuine transformation, and this project will contribute housing the city urgently needs while creating a landmark destination."

Executive Director of Development Michael Romano said demand for both residential and hotel accommodation would continue to strengthen as the Metro precinct matures.

"The structural demand for high-quality housing and hotel accommodation in North Sydney is compelling, and will only grow as the precinct continues to evolve around the new Metro station," Romano said.

Architectus has designed the tower, orientating the apartments to maximise views towards Sydney Harbour while introducing a sculpted façade intended to respond to light, wind and the surrounding skyline.

Architectus Principal Marko Damic said the design sought to create a tower that contributes to the public realm as much as the skyline.

"We wanted to design a tower that doesn't just sit in the skyline but actively participates and contributes to city life," Damic said.

First look: Freecity gets green light for mixed-use apartment and hotel tower in North Sydney

<a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and <a href="https://www.apartments.com.au/developers/perifa">PERIFA</a> have celebrated the topping out of <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf,</a> marking a significant milestone in the delivery of one of Syd​ney's most anticipated waterfront communities.

Located on Sydney's harbourfront at <a href="https://www.apartments.com.au/developments/putney-nsw-2112">Putney</a>, the project has now reached its highest structural point, with construction progressing strongly towards completion in 2027. 
&nbsp; 
The milestone was celebrated on-site with project partners Phoenix Property Investors, Mitsubishi Estate Asia, Versatile Construction, <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, consultants and stakeholders, to recognise the collective effort behind the transformation of the historic waterfront site into a vibrant new residential, marina and lifestyle destination.

[smartcode_project:default project_id=13962 project_image_fid=362240] 
&nbsp; 
<a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> will deliver a mix of waterfront residences and terraces, complemented by a private 36-berth marina, waterfront dining opportunities and a revitalised foreshore designed to reconnect the community with the river's edge. 
&nbsp; 
Abadeen Executive Chairman and Founder Justin Brown said the project represented a rare opportunity to create the next chapter in Sydn​ey's long history of successful waterfront precincts. 
&nbsp; 
"Throughout Sydney, some of the city's most sought-after addresses have emerged from carefully considered waterfront precincts such as Woolloom​ooloo Wharf, Walsh Bay and Breakfast Point," Brown said.

[smartcode_project:default project_id=13962 project_image_fid=362566] 
&nbsp; 
"What makes these places so successful is that they become much more than residential developments," Brown said.

"They bring together homes, hospitality, marina facilities, public spaces and a strong sense of community in locations where future supply is incredibly limited."

Brown has long described absolute waterfront land in Sy​dney as "finite."

"Once these opportunities are developed, they are rarely replicated. That's why Syd​ney's waterfront precincts have consistently demonstrated strong demand and long-term value growth over many decades. 
&nbsp; 
"<a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> is one of the few remaining opportunities to secure a residence within a masterplanned waterfront community that combines direct water access, marina ownership opportunities and a genuine village lifestyle just moments from the Sy​dney CBD."

[smartcode_project:default project_id=13962 project_image_fid=362564] 
&nbsp; 
PERIFA Founder and Managing Director Fabrizio Perilli said the project reflected a shared commitment to delivering exceptional places that create long-term value for residents and the broader community. 
&nbsp; 
"The topping out milestone is a significant achievement for the Versatile Group and a testament to the collaboration between all project partners, consultants and contractors involved," Perilli said. 
&nbsp; 
"Beyond the residences themselves, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> will establish a new waterfront destination that celebrates the history, character and lifestyle of this unique location while creating a lasting legacy for future generations."

[smartcode_project:default project_id=13962 project_image_fid=291195] 
&nbsp; 
Construction is being delivered by <a href="https://www.apartments.com.au/builders/versatile">Versatile Construction</a>, with structural works now substantially complete across the precinct. Attention will progressively shift to the construction of the waterview terraces, apartment façades, services and interior fit-out works over the coming months. 
&nbsp; 
With limited residences and marina berths remaining, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> continues to attract strong interest from owner occupiers and downsizers seeking a premium waterfront lifestyle within close proximity to Putne​y Village, Rh​odes, Top Ry​de and the Syd​ney CBD. 
&nbsp; 
As one of the last opportunities to secure a residence within a new masterplanned waterfront community on Sy​dney Harbour, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> is expected to remain a highly sought-after address for years to come.

[smartcode_project_cta:default project_id=13962]

Abadeen, PERIFA, top out Putney Wharf harbourfront precinct

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

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In Queensland nine of the 14 dominant regional property markets are at or near the bottom of the market according to Herron Todd White’s latest monthly report.
Just Emerald, Gladstone and Gold Coast are in a declining market.
All other regional housing markets in Queensland are between the start of a recovery and a rising market.
The trend applies to units and houses.
In its capital city analysis the Brisbane house and unit markets were at the start of a recovery.
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<td colspan="3" width="622" height="25">Stage of property cycles in regional Queensland</td>
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<td height="20">Region</td>
<td>Houses</td>
<td>Units</td>
</tr>
<tr height="20">
<td height="20">Cairns</td>
<td>Bottom of market</td>
<td>Bottom of market</td>
</tr>
<tr height="20">
<td height="20">Townsville</td>
<td>Bottom of market</td>
<td>Bottom of market</td>
</tr>
<tr height="20">
<td height="20">Whitsunday</td>
<td>Bottom of market - rising market</td>
<td>Bottom of market - rising market</td>
</tr>
<tr height="20">
<td height="20">Mackay</td>
<td>Bottom of market - rising market</td>
<td>Bottom of market - rising market</td>
</tr>
<tr height="20">
<td height="20">Rockhampton</td>
<td>Bottom of market</td>
<td>Bottom of market</td>
</tr>
<tr height="20">
<td height="20">Emerald</td>
<td>Declining market</td>
<td>Declining market</td>
</tr>
<tr height="20">
<td height="20">Gladstone</td>
<td>Declining market</td>
<td>Declining market</td>
</tr>
<tr height="20">
<td height="20">Bundaberg</td>
<td>Bottom of market</td>
<td>Bottom of market</td>
</tr>
<tr height="20">
<td height="20">Hervey Bay</td>
<td>Start of recovery - bottom of market</td>
<td>Bottom of market</td>
</tr>
<tr height="20">
<td height="20">Sunshine Coast</td>
<td>Bottom of market</td>
<td>Bottom of market</td>
</tr>
<tr height="20">
<td height="20">Brisbane</td>
<td>Start of recovery</td>
<td>Start of recovery</td>
</tr>
<tr height="20">
<td height="20">Goldcoast</td>
<td>Declining market</td>
<td>Declining market</td>
</tr>
<tr height="20">
<td height="20">Ipswich</td>
<td>Bottom of market</td>
<td>Bottom of market</td>
</tr>
<tr height="20">
<td height="20">Toowoomba</td>
<td>Start of recovery - bottom of market</td>
<td>Rising market</td>
</tr>
</tbody>
</table>
Source: Herron Todd White
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Queensland regional markets at bottom of property cycle: Herron Todd White

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Entreprenuer Sir Richard Branson faces hurdles in making it cheaper to stay on Makepeace Island, his Australian resort retreat on Queensland's Sunshine Coast. 
"Council has concerns that a hotel use involving a liquor licence may not be appropriate in this location," was the recent message back from Sunshine Coast Council.
"The noise limits applied in the licence may not offer an acceptable amenity due to the close proximity of residential areas," the council report advised.
The council also has concerns about the adequacy of the existing effluent disposal system to cater for the proposed use of the 20 guests. The application didn't face any local opposition, and there is an expectation the issues raised by the council can been readily overcome. 
The island, which is marketed as accommodating up to 22 castaways, has received a promotional boost by being featured in the latest X Factor series on Channel 7.
Most guests have only been able to stay on Makepeace Island if they book out the whole island.
Pricing began  at $8000 plus a night and at $16,500 peak season and is now at $3250 for the whole island, plus $550 per guest per night.
Futher plans were announced earlier this year with the hope of a re-launch of the island as a boutique hotel towards the end of the year allowing the opportunity to stay without hiring the whole island.
The anticipated introductory pricing will start from <a target="_blank" href="https://makepeaceisland.com/rates/">an all-inclusive $850 per person </a>subject to council approval.
Branson opened his private retreat to the luxury holiday market in <a target="_blank" href="https://www.propertyobserver.com.au/news/sir-richard-bransons-noosa-getaway-for-hire-%E2%80%93-for-%2417000-a-night/2011071150769">early 2011</a> for well-heeled travellers, but now maintains "given the unique nature of the proposed use there is likely to be a strong need for this type of tourist facility, given that it is not provided for elsewhere within the Sunshine Coast region."
Branson, along with Virgin Blue executives Brett Godfrey and former colleague Rob Sherrard, had bought the heart-shaped island for $2.86 million in 2007.
Guests travel to and from the island by riverboat, and it contains a host of facilities, such as an outdoor cinema and a full-sized tennis court, to keep them occupied.
There is a main house, three two-bedroom villas and a four-bedroom guest house. It has a boathouse, lagoon pool and a 15-person spa.
The syndicate has spent more than $7 million on the property, giving it "the look and feel of a Balinese resort."
Under the $850 a person per night plan the price will include meals and transfers, but alcohol will be extra.
"Makepeace Island is my home when I come to Australia,'' Branson told News Ltd's national travel reporter, Angela Saurine.
"Love Noosa, love that part of Australia,' he said.
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Sir Richard Branson's Makepeace Island $850 a night hotel plans hit Sunshine Coast hurdles

A $1500 a night holiday home on Hamilton Island has been listed for sale at more than $4.5 million.

The <a href="https://www.propertyobserver.com.au/queensland/countdown-to-summer-round-house-on-hamilton-island/2012121158401" target="_blank">Round House</a>, designed by architect Peter Conley and built in the late 1980s is a four bedroom home, all with en-suites, a media room, a curved staircase and a salt water solar heated infinity pool that wraps itself around the exterior.

At <a href="https://www.realestate.com.au/property-house-qld-hamilton+island-114332235" target="_blank">31 Melaleuca Drive</a> the 4112 square metre luxury getaway can sleep 14 people.

It includes a one-bedroom cottage with a private driveway at the bottom of the property.

The property has been recently renovated at a cost of $1 million and is now wheelchair friendly with access ramps and an elevator.

It perches on the eastern side of One Tree Hill and has 180 degree ocean views over Catseye Beach and the Hamilton Island Resort.

The design of the house offers 12 hours of tropical sunshine all around the house.

It is being sold by Wayne Singleton of Hamilton Island Real Estate.

The vendor of the house is reportedly the O&rsquo;Brien family, based in Melbourne.

Sales on the island have reportedly been slow with more than 100 homes on the market.

Agent Mark Beale of Ray White Whitsunday told The Australian Financial Review there are three to four sales in a month on the island meaning the market is well oversupplied.

Prices have been reduced on the island but the rents are still strong.

&ldquo;We&rsquo;ve sold houses for $700,000 that generate $40,000 a year in rental income, they pay for themselves,&rdquo; Beale said.

&ldquo;Occupancy rates have been anywhere from 50% to 100% better on the island than on the mainland.&rdquo;

Ownership of land in the area operates under a 99-year leasehold system.&nbsp;

Winemaker Robert Oatley paid $200 million for the island in 2003.&nbsp;

Hamilton Island Round House listed at $4.5 million

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A Hong Kong resort developer has bought Noosa Springs Golf Resort, an 18-hole golf course and prestige residential development in Queensland, for $15 million.
Golden Horse ????(??)???? has acquired the golf course, club-house, associated businesses and 23 vacant residential lots in the 103 hectare community developed by the Starkey family since 1997.
They entered into contract to buy it from Noosa father and son Alan and Phil Starkey in mid-July.
At the time Phil Starkey said the buyers were seeking to expand its resort development internationally having already made investments in Singapore, Japan and Thailand.
Golden Horse also owns a 14 square kilometres resort development in Guangzhou which includes two 27-hole championship golf courses.
Starkey's StarCo Group first developed the community in 1997 and. He took it to market in October 2011.
Golf course architect Graham Papworth designed the 72-par golf course.
<a target="_blank" href="https://www.noosasprings.com.au/">Noosa Springs</a> also includes a day spa, a restaurant, a conferencing and function venue, a boutique fitness centre and resort accommodation.
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Hong Kong resort developer ????(??)???? pays $15 million for Noosa golf course

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Gold Coast apartment supply has reached its lowest level in a decade with no new stock added to the market in the June quarter while sales were steady, according to Colliers International.
It found sales volumes have continued to be strong and the supply of new apartments has dropped to around 930 apartments.
The best performing region in the area was the North Shore Precinct, with a total of 58 sales across eight projects, including 32 sales in Etesian at Harbour Quays.
The sales rate in the Southport/Labrador precinct lifted 44% to an 18 month high, with 23 unconditional sales across six projects.
In Surfers Paradise, the sales rate lifted for the third consecutive quarter to record 46 sales across four projects with 22 sales in Soul, 13 in the Hilton Orchid Tower and 10 sales in the Hilton Boulevard Tower.
New apartment sales on the Gold and Tweed Coasts fell slightly over the June quarter after rising for the previous five consecutive quarters. But overall volumes were significantly stronger over the first half of the year compared to the same period last year.
There were 166 sales during the June quarter, putting it ahead of the same period last year by 120 sales or 49%. Colliers says the market is on track to have a significantly stronger year than 2012.
The residential market on the Gold Coast has now turned around and is on the way back up, according to Tony Holland, Colliers International Residential Director.
“The first signal that the market was improving was a rise in volumes, which was first evident in the March quarter of last year,” he said.
“Sales volumes have continued to increase over the course of 2012 and over the first quarter of this year, and while this quarter has seen a slight fall, this is due to the lack of availability of stock rather than a lack of interest from buyers.”
There were are two or three new apartment projects that likely to be launched off the plan in the next six months with more due to follow after mid-2014.
But he says based on the current sales rate, the remaining new apartment stock could be absorbed within 17 months leading to a serious undersupply, particularly in the low rise sector, until the new projects are launched.
“Buyers are identifying that the fundamentals of the Gold Coast market are strong, and this increasing buyer demand, coupled with an undersupply, will lead to growth in prices over time,” Holland says.
“Over the past year projects that had a significant overhang of stock, such as Oracle, Hilton and Soul have sold a significant number of apartments and people are buying into those buildings with confidence.
“They know the future looks good for the Gold Coast, with around 10,000 people moving to the region every year and significant projects such as the 2018 Commonwealth Games set to give the area a huge boost.”
It found seven apartment projects across the Gold and Tweed Coasts sold out during the June quarter.
There are now just 28 projects remaining in Colliers’ survey going into the second half of 2013, the lowest number of projects recorded by the group since 2001.
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Gold Coast apartment supply reaches 10 year low: Colliers

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The Brisbane property market has a strange feel about it at the moment, says Herron Todd White.
‘’It’s been sitting at the ready, almost taut, waiting for something to happen.’’
But the valuer says the reality is that a general sense of optimism - and a steady-as-she-goes time in the market - will generate modest gains for those willing to buy and wait.
Property in the Brisbane market has had a tough time of late. ‘’After a string of bad luck stories in the domestic and overseas economy - plus political turmoil at a federal level - Brisbane had the compounded hammering of the 2011 flood to help things limp along over the past five years, the valuer says.
‘’What we are now seeing is a growing sense of optimism around the nation in 2013. Numbers just released by Australian Property Monitors show a rise in property values across all capital cities with the majors – Sydney and Melbourne – among the strongest.
‘’The thing is, Brisbane has always traditionally lagged behind the likes of Sydney. ‘’
Herron Todd White says the APM June Quarter results show the median price gain for Brisbane houses as positive but tiny – certainly at a substantially slower rate than Sydney.
‘’The optimists among us might say we are due to start seeing better gains as the year progresses. Smart money might continue watching the NSW capital and to see if a trend is emerging.’’
Herron Todd White says while there is some confidence in property markets, buyers are often uncertain where fair market value lies.
‘’There has been an increase in the number of pre-purchase valuations being requested by buyers. This is a sign to some degree that buyers want to buy rather than just tire kick or hope to jag an absolute steal.
‘’So, our call is that sectors where fundamentals are good are the ones that will perform the best in the foreseeable future.  It’s no longer fair to say every sector is a buyers’ market.
‘’Our expectation for the rest of this year is one of quiet confidence - assuming there are no unforeseen shocks, with everything is pointing to a steady period with modest gains to be made for those willing to buy and wait.
‘’The hope is that we might see a return to normality, where capital gains are solid but not out of control. Boom time markets tend to have painful endings. Even agents would be keen to see a steady turnover, steady gains and some solid real estate fundamentals.’’
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Brisbane property market taut but optimistic: Herron Todd White

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The property market on the Gold Coast and Tweed areas has bottomed in the first six months of this year, according to Herron Todd White.  

This is being shown by a ‘’significant increase’’ in buyers in the marketplace than there were over the previous 12 months.  
The valuer says agents are reporting significantly higher traffic through ‘open houses’ at all ends of the market, and there are now fewer mortgagee-in-possession and receiver sales than in 2012.  
Agents are also reporting low stock levels, especially in the under $700,000 price bracket.  
Herron Todd White says most demand is coming from owner occupiers.
"However, we are now also seeing investors moving back into the market.  
"The top end, being the house market in the over $2.5 million price range and prestige unit market, remains tough with forced sales still contributing to downward pressure.  
"The $1 million to $2 million price range, however, appears to have bottomed and levelled out and this is demonstrated by a recent canal-front property at Bundall which went to contract in early 2013 for $1.925 million. This contract failed to settle, however, when it was put back on the market it sold within one week at $1,950,000.’’  
The valuer says waterfront housing in the $700,000 to low $1 million price range is also seeing increased sales activity. For example, at Benowa Waters the first six months of this year has seen 11 sales at $1 million plus, compared to only four sales during the same period in 2012.  
At Runaway Islands there have been four to five sales at around $1.25 million compared to no sales at this price level last year.  
"Over the past 12 months buyers in the middle to higher end residential market have generally been looking for modern dwellings which they can move into and not have to undertake any renovation works. This has generally been due to property values falling while construction costs have remained fairly firm.  
"Therefore, buyers see better value in buying modern houses which can be purchased for below replacement cost, rather than buying land and then building. This has put downward pressure on land values and, during 2012, vacant land was difficult to sell and saw significant falls in value.’’  
Herron Todd White says a promising sign during the first six months of this year has been renewed sales activity among vacant waterfront land. The valuer notes two sales in Sir Bruce Small Boulevard at Benowa Waters for around $800,000 when one of these allotments sold last year for around $600,000.  
It says there have also been sales of lakefront allotments at Emerald Lakes for around $650,000 compared to last year when they were selling for around mid $500,000.  
‘’The strength of the market over the past six months has generally been in the under $500,000 detached housing market where stock has been turning over quickly, with agents now reporting very low stock levels. In the under $400,000 price bracket the market in certain pockets has seen some firming in value levels of up to 5%    
‘’Even with this firming at the bottom end, the market still presents good buying. For example, in the Pacific Pines, Upper Coomera areas modern, four-bedroom, two-bathroom, double garage houses on 600 to 800 square metres can still be bought for between $400,000 and $500,000 -- which is below replacement cost.  
‘’The high-rise home unit market still remains tough with supply levels still outweighing demand, especially for units in the over $500,000 price bracket.’’  
Rising Body Corporate fees are also another issue impacting on market values of home units, especially in older style high-rise buildings, the valuer says.  
It points out that, although the construction of the light rail project is causing significant disruption between Broadbeach and Southport, there will be ‘’significant positive flow-on effects for real estate in the areas surrounding it.  
‘’Overall, the past six months have seen a more positive vibe occurring in the Gold Coast property market.’’
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Gold Coast and Tweed Coast residential market has bottomed in first half of 2013: Herron Todd White

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The popular rhetoric that ‘the sky is falling’ on Queensland building and construction can’t be sourced back to fact, as data on upcoming demand shows good signs of an uplift in sentiment.
Industry forecasts by Australian Construction Industry Forum show that Queensland is one of several states where the overall trend across all building and construction work is positive.
<img height="377" width="470" src="/images/stories/2013/08/acif-chart-aug-14-two.jpg" alt="acif-chart-aug-14-two">
Some areas of work will need to get through some moderation in the short term, however, the outlook for the next decade is up,’’ VCIF executive director Peter Barda says.
‘’It is true that engineering construction has peaked, however the decline still leaves this sector at a historically high level even beyond 2022, so there is plenty of work yet to be done,’’ he says.
‘’The rate of growth in Queensland residential building work will outpace all other states, with forecast growth to be considerably higher than the aggregated Rest of Australia results.’’
Non-residential building work, which for most states is forecast to remain flat over the next few years, will enjoy sustained growth over the longer term in Queensland.
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Queensland building and construction data disproves "sky is falling" rhetoric.: ACIF

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Tourist operator Colonial Leisure Group will seek to streamline tourism services between Orpheus Island and Daintree Eco Lodge and Spa in North Queensland.
It bought the lodge recently and has owned Orpheus since 2011.
Owned by Computershare founder Chris Morris, the leisure group plans to merge synergies by offering helicopter services between the UNESCO World Heritage listed destinations.
“We plan to continue the success established over the 23 years of operation, in which the Daintree Eco Lodge &amp; Spa has achieved a number of Australian and international tourism accolades,” Morris told eGlobal Travel Media.
Daintree Eco Lodge &amp; Spa has a sense of exotic remoteness being 90 minutes (113km) north of Cairns airport and about 40 minutes (45km) north of Port Douglas at the gateway to the Great Barrier Reef.
Claimed to be the “most pampering ecolodge in the world” the eco lodge offers 15 rainforest tree-house style banyans nestled in the rainforest. It won the title of World's Leading Eco Resort and Spa at the 19th World Travel Awards in 2012.
Orpheus Island, on 1300 hectares of national park in the Great Barrier Reef, has long topped the tourist wishlist as it indulges just 34 guests at any one time. It offers guests the ultimate in tropical escapism – at a price: a beach front room is $1400 per night for two guests, a beach front villa $2800 per night for four guests, and a South Beach front suite $1100 for two guests. All come with gourmet meals and every conceivable extra.
Morris, who bought the lodge from receivers, is said to be keen to spend up to $1 million on improvements ‘’straight away’’ without closing the resort. He says this latest acquisition will go hand-in-hand with Orpheus and the company will eventually offer tourism packages and connecting flights between the resorts, The Weekend Australian reports. 
It has already invested more than $10 million in new aircraft, including a B407 and two EC120s, growing its fleet to 10 since May, when it bought Heli Charters and rebranded it Nautilus Aviation.
Colonial Leisure said in a statement it would invest significantly in upgrades to the lodge "subject to strategic and financial assistant from the Queensland government".
Mr Morris said government could ‘’give lots of help’’ in areas such as approvals for renovations and permits.
The purchase of the lodge comes at a time of volatility in the tourism market. China Eastern, previously one of the biggest international airlines to service the region, reportedly suspended flights from Shanghai to Cairns airport last week due to low passenger yields for the next few months.
Mr Morris declined to comment on the purchase price of the resort.
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Chris Morris expands North Queensland holdings from Orpheus Island to include Daintree Eco Lodge

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The Real Estate Institute of Queensland have rebranded and are obviously proud to launch their new website.
The <a target="_blank" href="https://reiq.com/">new website</a> puts a strong focus on finding property listings with their property search box taking front and centre.
There are then links to Queensland estate agents, property courses, market information and property guides.
<a target="_blank" href="https://twitter.com/TheREIQ"><img alt="tweet-of-the-day-aug-12" height="160" width="470" src="/images/stories/2013/08/tweet-of-the-day-aug-12.jpg"></a>
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Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage

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Latest Queensland Property News

Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage

Editor's Picks

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Developments

New apartments

New townhouses

News