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

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

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

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Investors may have “missed the boat” on some sub-$500,000 property investment opportunities on the Sunshine Coast as some confidence returns to the market and values firm “slightly” reports valuation firm Herron Todd White.
However, there are still opportunities for investors to snap up investments below or around the half a million mark near the coast, close to amenities with ocean views.
“We have seen some confidence returning, and there are some areas where the [$500,000] boat may have been missed, but not by much,” says the valuation firm in its July report examining cheaper investment opportunities at the start of the new financial year.
“The Kawana stretch and some inner Caloundra, Maroochydore and Noosa areas have seen some of the rot stop with a slight firming in values being experienced on the back of this returned confidence.
“Houses were beginning at the circa $400,000 price point, but with stock around this level drying up the price point appears to be around the $450,000,” says Herron Todd White.
Searches across real estate listings websites indicate options close to the water under $500,000 are limited.
Potential investment options below half a million could include this recently renovated <a target="_blank" href="https://www.reiq.com/House/for-sale/noosa-heads/2487865.aspx">three-bedroom house at Noosa Heads listed for $400,000</a> through Dowling &amp; Neylan Real Estate.
Coastal options are more plentiful in the unit market which has seen an “increase in popularity over recent times in these inner areas”, according to Herron Todd White.
“This has been largely for more permanent living style home units appealing to the buyer that wants to be able to lock and leave.
“They typically offer three-bedroom, two-bathrooms and two-car accommodation and are of a good size providing a viable alternative to a block of land and house.
“An example of this is the Cotton Tree area of Maroochydore, close to river, beach and cafe’s with prices in the circa $500,000.”
Current listings in Cotton Tree include this two-bedroom, <a target="_blank" href="https://www.realestate.com.au/property-apartment-qld-maroochydore-112200679">two-bathroom unit on Sixth Avenue, Maroochydore</a> which is listed for $479,000 through Ned Byrne &amp; Don Greeff from Cotton Tree Real Estate – Maroochydore. The apartment has ocean views and is just 100 metres from the beach.
Moving inland from the coast, Herron Todd White says there are opportunities throughout the hinterland.
“The options tend to be for older properties (10 to 20 yrs old) close to the various hinterland towns.
“The big positive for these properties is that the purchase prices still tend to be below what it costs to develop/replace the property.”
“This, you would have to think, should hold you in good stead in the future as the strengthening market moves out to these areas.
Herron Todd White says less activity in the quieter winter months and the looming federal election, when people usually put their major decisions on hold could possibly put pressure on some vendors.
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Sub-$500,000 Sunshine Coast investment options “drying up” as property values firm “slightly”: HTW

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Sunshine Coast investors looking for opportunities away from the beach should consider railway towns in the hinterland with good amenities and a community feel, say valuers Herron Todd White.
The firm's investment picks are the hinterland towns of Beerwah and Landsbourgh to the south, Palmwoods and Woombye to the centre and Eumundi, Cooroy and Pomona to the north.
“As we move further from the coast, more emphasis is placed on being closer to amenities,” says HTW.
“We also see that there is a growing desire for a sense of community.
Price points are circa $350,000 and generally owner-occupiers are the most active, it says.
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Sunshine Coast hinterland railway towns are good investment picks: HTW

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You don’t have to be a millionaire to own property in Queensland's most prestigious suburbs.

Affordable properties can be found across the state, even in the most expensive and prestigious suburbs, according to a study by the Real Estate Institute of Queensland (REIQ).
“Hidden treasures can still be found, even in our most expensive suburbs, if you are prepared to look – and potentially wait – for them,” REIQ CEO Anton Kardash says.
Brisbane's Hamilton had a seven-bedroom Eblin Drive house (pictured below) sold at $6.5 million in February, but elsewhere in the prestige suburb there was a $405,000 sale.
<img height="280" width="472" src="/images/stories/2013/07/QueenslandJuly10one.jpg" alt="QueenslandJuly10one"><a target="_blank" href="https://rpp.rpdata.com/rpp/property/detail?propertyId=4937704&amp;index=0&amp;q=27+Eblin+Drive+Hamilton+QLD+4007&amp;qt=address&amp;_qt=address&amp;offset=1&amp;sort=address&amp;limit=20&amp;view=property&amp;mode=&amp;street=All&amp;suburb=All"></a>
It was a two-bedroom Kingford Smith Drive house (pictured below) which had been listed for $450,000.
<img src="/images/stories/2013/07/hamiltonjuly10one.jpg" width="470" height="277" alt="hamiltonjuly10one">
The suburb's median house price sits at $1.46 million, according to the REIQ, showing there are opportunities for a variety of buyers in the area.
Hidden gems have also been upturned in popular tourist destination Surfers Paradise where, despite a five-bedroom house (pictured below) selling for $6.35 million in March, a more modest three-bedroom house sold for $454,000 in December.
<img height="279" width="472" src="/images/stories/2013/07/QueenslandJuly10two.jpg" alt="QueenslandJuly10two"><a target="_blank" href="https://rpp.rpdata.com/rpp/property/detail?propertyId=7727732&amp;index=0&amp;q=31+The+Corso+Surfers+paradise&amp;qt=address&amp;_qt=address&amp;offset=1&amp;sort=address&amp;limit=20&amp;view=property&amp;mode=&amp;street=All&amp;suburb=All"></a>
The property (pictured below) was originally listed for $495,000, well below the area's median house price of $1.06 million.
<img alt="surfersjuly10one" height="275" width="470" src="/images/stories/2013/07/surfersjuly10one.jpg">
In Minyama a five-bedroom house (pictured below) sold for $6.75 million in December, despite an asking price of $8.25 million.
<img height="276" width="472" src="/images/stories/2013/07/QueenslandJuly10three.jpg" alt="QueenslandJuly10three"><a target="_blank" href="https://rpp.rpdata.com/rpp/property/detail?propertyId=6004999&amp;index=0&amp;q=7+Minyama+Island+Minyama+QLD+4575&amp;qt=address&amp;_qt=address&amp;offset=1&amp;sort=address&amp;limit=20&amp;view=property&amp;mode=&amp;street=All&amp;suburb=All"></a>
The sale of the mansion was a far cry from a three-bedroom house (pictured below) on Chelsea Crescent, which sold for just $360,000 in September.
<img src="/images/stories/2013/07/minyamajuly10one.jpg" width="470" height="277" alt="minyamajuly10one">
Mr Kardash says while these cheaper properties may not be as luxurious as their more expensive counterparts; they represent a smart way to break into QLDs most prestigious markets.
“Of course the old adage of buying the worst house in the best street, or the best suburb, still applies but buying in these prestigious locations will help to underpin capital growth,” he says.
The lowest price recorded in the report was a low $162,000 for a house in Augustine Heights in October.
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Cheapies can still be found in Queensland's prestigious suburbs: REIQ

An original circa 1920s Queenslander - once the wedding gift for a local landowner&#39;s daughter - has been listed for sale.

The home last sold in August 2010 for $1,775,000 and prior to that, in February 2003 for $1,295,000.

The 2,023 square metre property at 47 Ruthven Street in Corinda features five bedrooms, three bathrooms, tennis court and a swimming pool.

It boasts original features including stained glass windows, bay seat windows and a large wrap-around-verandah.

Listing agent McGrath Estate Agents says there has been a much&nbsp;interest in the property.

As for&nbsp;price indication, they offer the proforma response that it will be a reflection of the market audience.

The median house price in <a href="/news">Corinda</a> is $529,000 with an annual reduction of 15%, according to RP Data.

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A wedding gift Corinda Queenslander trophy home listing

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Langton, a six-bedroom Queenslander style home in Greenslopes is on the market for the first time in 50 years.
Featuring a steeply pitched roof, classic wrap-around verandah and decorative gables, Langton is an example of a bygone era.
Langton is perched atop one of Greenslopes' highest hills at<a href="https://www.realestate.com.au/property-house-qld-greenslopes-114147583" target="_blank"> 8-12 Henzell Terrace</a>, only six kilometres from the Brisbane CBD.
Situated on 1,821 square metres, the property features three bathrooms and has recently been divided into three flats.
The property boasts original brick open fireplace, bay windows seats, ornate ceilings and floor to ceiling stained glass windows.
The potential buyer has the option to restore Langton back into a family residence.
The median house price in <a href="/news">Greenslopes</a> is $577,500, according to RP Data.
The most expensive sale in Greenslopes was for a four-bedroom home at 5 Soden Street in December 2012.
Located on 1,012 square metres, the property sold for $2,775,000.
The most expensive sale on Henzell Terrace was a five-bedroom 1920 home at 18 Henzell Terrace, which sold in August 2006 for $1.32 million having been purchased in 1988 for $270,000.
Langton is due to go under the hammer on July 21 through <a href="https://spinksco.com.au/property-listings/8-12-henzell-terrace-greenslopes" target="_blank">Rachel Spinks of Spinks and Co Residential Consultancy.</a>
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Greenslopes Queenslander home, Langton listed for first time in 50 years

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The Gold Coast East mortgage delinquency rate improved slightly over the last six months to the end of March, but it still trails the Sunshine Coast by a significant margin, according to Fitch Ratings.
The two Queensland coastal markets have been among the most troubled housing regions in Australia since the GFC.
Fitch Ratings record that delinquency rate on the Gold Coast improved by 15 basis points as borrowers noting that borrowers in this region are less sensitive to interest-rate movements.
It records a delinquency rate of 2.29% (borrowers more than a month behind on mortgage repayments) for the Gold Coast East market, which comprises those suburbs along the coast including Surfers Paradise, Broadbeach and Mermaid Beach, making it the third most delinquent region in Australia after <a href="https://www.propertyobserver.com.au/residential/greater-western-sydney-replaces-gold-coast-as-most-delinquent-region-fitch/2013070262884" target="_blank">Liverpool-Fairfield in greater western Sydney</a> and the NSW Central Coast.
The Sunshine Coast’s delinquency rate remained unchanged at 1.9% over the six months to the end of March with Fitch noting that the Sunshine Coast shared the same trend in delinquency rates as Gold Coast East over the 18 months to end-March 2013.
“However, as of this date, the Sunshine Coast was no longer among the 10 worst-performing regions in Australia,” says Fitch.
<img alt="queensland_delinquencies" src="/images/stories/2013/larry_uploads/queensland_delinquencies.jpg" width="470" height="338">
In comparison Gold Coast East has been the worst-performing region in Queensland since 2008 with “declining house prices have had an impact on the credit profile of leveraged buyers, attracted to the region by expectations of short-term property gains and high rental yields”.
“Declining house prices also increased the time required to sell foreclosed properties, leading to an accumulation of delinquent loans in the 90+ day bucket. Almost half (1.22%) of all delinquent loans (2.29%) were delinquent for more than 90 days as of end-March 2013.
“Of more concern is that the number of delinquent obligors has remained high since end-March 2011 in contrast to the rest of Australia.
“A total of 16 loans out of 1,000 were non-performing in these two regions at end- March 2013, the same level since end-March 2011,” says Fitch.
In terms of postcodes, Surfers Paradise ranks as the 10th most delinquent postcode in Australia with an arrears rate of 3.4%, an improvement from 4% six months ago.
Recent mortgagee sales on Surfers Paradise include <a href="https://www.realestate.com.au/property-unit-qld-surfers+paradise-110148185" target="_blank">a one bedroom unit on Monte Carlo Avenue</a>, which sold for $168,000 in April last year through Ross Kachel of Harcourts – Runaway Bay. It previously sold for $195,000 in March 2010 according to RP Data.
However, there are no Sunshine Coast locations among the 20 worst performing postcodes.
The closest is Caboolture Shire – in between Brisbane and the Sunshine Coast - which recorded the highest increase in 30 plus days delinquency rates across all regions of Australia in the six months to March, with its delinquency rate increased by 71 basis points to 2.28%.
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Gold Coast trumps Sunshine Coast as most delinquent Queensland coastal market

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Gold Coast real estate company Staymint has been fined $50,000 for 231 counts of dishonestly converting trust account money to its own use.
The offences occurred over more than a year while Staymint operated the Broadbeach holiday apartment complex Carmel by the Sea.
The fine was handed down in the Brisbane Magistrates Court last week after Staymint pleaded guilty to wrongfully converting $141,466 in trust money between 1 July 2011 and 1 August 2012.
The court heard Staymint staff booked tenants into rooms in Carmel by the Sea’s letting pool then, after the guest had checked out, changed the records to indicate the guest had stayed in a leaseback unit.
Lease back units are units for which the property manager guarantees the landlord a set return. If the unit returns less than the guaranteed amount, the property manager must make up the shortfall. If it returns more than the guaranteed amount, the property manager retains the additional income as profit.
Rather than transfer the amount earned from a guest staying at a unit to the unit owner, Staymint transferring the amount earned from this stay to its own accounts.
The Queensland Office of Fair Trading (OFT) investigated after a unit owner complained he had not received rent from tenants who had signed the guest book in his unit.
The OFT executed a search warrant on Staymint’s office, seizing a hard drive and trust account records that showed the company had wrongfully transferred $141,466 to its own account.
The court heard Staymint is in the process of repaying the 34 affected unit owners, with $75,000 paid to date.
No conviction was recorded against the company.
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Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage

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

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Developments

New apartments

New townhouses

News