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?

<html><body>
A five-bedroom property in New South Wales Londonderry has been pushed to the top of this week’s top ten most discounted properties with a 44% discount, according to SQM Research.
The push comes after former list topper <a target="_blank" href="https://www.realestate.com.au/property-house-wa-fremantle-112917623">18 South Street Fremantle</a> went under contract.
The Londonderry property was first listed in August 2010 with a $2.3 million price tag.
After spending a whopping 959 days on the market, the Hughes Street property is now asking $1.29 million. 
The 2.83-hectare property is DA approved for a detached dual occupancy and farm shed.
Coming in second place with a discount of 43% is a one-bedroom Redbank Plains property.
The Barry Drive property was first listed in late February this year for $350,000 and after 84 days on the market has been slashed to $199,000.
Queensland continues to dominate the list with five properties listed, however SQM says although the bloodbath up north is over the aftermath may continue for some time to come.
The top ten discounted properties are
1.
 
<a target="_blank" href="https://www.realestate.com.au/property-other-nsw-londonderry-7296375">9 Hughes Street Londonderry 2753</a>
 
Days on the market: 959
Initial asking price: $2,300,000
Current asking price: $1,290,000
Reduction: 44%
 
2.
 
<a target="_blank" href="https://www.realestate.com.au/property-house-qld-redbank+plains-113103983">1 Barry Drive Redbank Plains 4301</a> 
Days on the market: 84
Initial asking price: $350,000
Current asking price: $199,000
Reduction: 43%
 
3.
 
<a target="_blank" href="https://www.realestate.com.au/property-house-qld-tangalooma-104624146">7 Cassidae Crescent Tangalooma 4025</a>
Days on the market: 1,511
Initial asking price: $1,495,000
Current asking price: $875,000
Reduction: 41%
 
4.
 
<a target="_blank" href="https://www.realestate.com.au/property-house-qld-lamb+island-112206275">4 Edgewater Place Lamb Island 4184</a>
Days on the market: 1,022
Initial asking price: $425,000
Current asking price: $249,000
Reduction: 41%
 
5.
 
<a target="_blank" href="https://www.realestate.com.au/property-house-qld-lamb+island-105155213">79 Perulpa Drive Lamb Island 4184</a>
Days on the market: 1,091
Initial asking price: $499,000
Current asking price: $298,000
Reduction: 40%
 
6.
 
<a target="_blank" href="https://www.realestate.com.au/property-other-tas-taranna-106879142">5756 Arthur Highway Taranna 7180</a>
Days on the market: 951
Initial asking price: $499,000
Current asking price: $299,000
Reduction: 40%
 
7.
 
<a target="_blank" href="https://www.realestate.com.au/property-house-qld-doolandella-112978863">38 Cloverdale Road Roolandella 4077</a>
Days on the market: 98
Initial asking price: $1,650,000
Current asking price: $1,000,000
Reduction: 39%
 
8.
 
<a target="_blank" href="https://www.realestate.com.au/property-house-wa-two+rocks-106211228">15 Gretel Two Rocks 6037</a>
Days on the market: 1,239
Initial asking price: $1,100,000
Current asking price: 699,000
Reduction: 36%
 
9.
 
<a target="_blank" href="https://www.realestate.com.au/property-house-tas-spring+beach-106968687">368 Rheban Road Spring Beach 7190</a>
Days on the market: 924
Initial asking price: $760,000
Current asking price: $500,000
Reduction: 34%
 
10.
 
<a target="_blank" href="https://www.realestate.com.au/property-acreage+semi+rural-tas-deep+bay-112954503">124 Sky Farm Road Deep Bay 7112</a>
Days on the market: 161
Initial asking price: $599,000
Current asking price: $400,000
Reduction: 33%
</body></html>

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Londonderry the new most discounted property as Fremantle, WA offering under contract: SQM

<html><body>
Pastoralist Sir Graham McCamley has sold a 26,678-hectare section of his cattle station, Glenprairie, for $28 million.
The property, north of Rockhampton, was purchased by cattleman Peter Camm, who says he will sell off $20 million of his own Queensland properties to pay for the station, which he thinks is the best he’s ever seen.
McCamley, who is battling cancer, listed his property for auction in four separate portions early last year and Glenprairie is the first to sell.
In what was Australia’s biggest private rural property transaction, the cattle baron McCamley and his late wife, Lady (Shirley) McCamley, in partnership with Allen and Carolynne Nobbs, spent $106 million in 2005 buying the holdings of Glenprairie, Fitzroy Vale and Lake Learmonth, along with 26,000 head of cattle from Greek shipping tycoon Gregory Hadjieleftheriadis.
</body></html>

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Cattle baron Sir Graham McCamley sells to Peter Camm 

<html><body>
The secluded hill-side neighbourhood of Pullenvale out of Brisbane is in the spotlight after coal tycoon <a href="https://www.propertyobserver.com.au/queensland/nathan-tinkler-lists-indulgent-brisbane-acreage-mansion-tinkler-twowaterslides/2013052161547" target="_blank">Nathan Tinkler listed his magnificent acreage </a>and there are many listings there that seem to take forever to sell.
The Tinklers are seeking to sell their indulgent four hectare acreage (pictured below) in <a href="/news">Pullenvale </a>for between $4 million and $5 million. Rebecca Tinkler bought the property in 2007 for $5.2 million.
{yoogallery src=[images/stories/2013/05/may21tinkler]}
It is one of many luxurious listings in the suburb of Pullenvale, 14 kilometres south-west of Brisbane, but if the marketing campaign goes anything like their neighbours it may be some time before it sells.
A four-bedroom, four-bathroom Geoffrey Pie designed house on a four hectare acreage at <a href="https://www.realestate.com.au/property-acreage+semi+rural-qld-pullenvale-110668165" target="_blank">736 Grandview Road Pullenvale</a> (pictured below) is still listed for sale.
<img src="/images/stories/2013/05/pullenvalemay30one.jpg" alt="pullenvalemay30one" width="470" height="350">
It has been on the market for more than 18 months.
It has an undisclosed asking price, but in April last year agent Noel Elliott from Urban 8 Real Estate was looking for $4.85 million for the property.
The home includes a billiard room with adjacent bar, a 1,500 bottle wine cellar, a library, an outdoor spa, a 2 million litre dam, and a private elevator.
The vendors bought the property in 2003 for $700,000, according to RP Data.
 
<hr class="system-pagebreak">
A 7.88 hectare block of residential land at <a href="https://www.realestate.com.au/property-residential+land-qld-pullenvale-200531155" target="_blank">42 Lyndale Road Pullenvale</a> (pictured below) is listed for sale at $1.75 million plus.
<img src="/images/stories/2013/05/pullenvalemay30two.jpg" alt="pullenvalemay30two" width="470" height="339">
It has been on the market for almost one year.
It last traded for $1.95 million in 2011 and for $2.25 million in 2010.
A six bedroom, four bathroom house on 4.05 hectares is listed for sale for an undisclosed price. Like many properties in Pullenvale it has been on the market for quite some time. The last advertised price for the property at <a href="https://www.realestate.com.au/property-acreage+semi+rural-qld-pullenvale-107546097">59 Haven Road</a> (pictured below) was $2.75 million in 2009.
<img src="/images/stories/2013/05/pullenvalemay30three.jpg" alt="pullenvalemay30three" width="470" height="344">
The current marketing campaign has been on for more than two years.
It includes standard Pullenvale features such as a waterfall cascading into a swimming pool and a rooftop deck.
 
<hr class="system-pagebreak">
A five bedroom four bathroom home on 3.02 hectares <a href="https://www.realestate.com.au/property-house-qld-pullenvale-113489551" target="_blank">at 625 Grandview Road</a> is listed for sale at $1.4 million. It last traded for $1.255 million in 2010.
It has been on the market for less than two months, according to RP Data.
One of the most expensive recorded sales recently was at <a href="https://www.realestate.com.au/property-acreage+semi+rural-qld-pullenvale-108506416" target="_blank">77 Herron Road</a>, which sold for $3.55 million in June last year. It had been on the market for more than one year with an asking price of $3.95 million. 
And in September 2007 105 Herron Road sold for $6.7 million after being on the market for almost 18 months with an undisclosed price. It was bought by the former Middle Eastern boss of development firm Leighton, Laurie Voyer.
There are more than 50 listings in Pullenvale with the cheapest being a 2000 square metre vacant block at <a href="https://www.realestate.com.au/property-residential+land-qld-pullenvale-2770243" target="_blank">72 Osna Place</a> listed for $539,000.
The median house price in Pullenvale is $945,000, according to RP Data. This has dropped 10% over the last year.
The median weekly asking rent for houses is $950.
The average time on market is 128 days.
According to the Australian Bureau of Statistics the median weekly household income is $2774 - more than double the rest of Queensland.
The residents are predominantly older people, mostly Australian born but with more English and more South African people than compared to the rest of Queensland.
<img src="/images/stories/2013/05/trophyhomesstrapone.jpg" alt="trophyhomesstrapone" width="470" height="57">
</body></html>

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Big prices and slow sales - close look at Pullenvale trophy acreages

Talk of the mining boom effect petering out in perennial property hotspot favourites Gladstone and Moranbah in northern Queensland appears premature with both bucking the trend of property markets that soar one year only to fizz out the next.

Property Observer analysis of the 15 best performing detaching housing markets across five house price brackets published last May&nbsp;by Smart Property Investment magazine now one year on, shows that nine markets went from boom to bust in the space of a year, two tread water and three grew strongly, albeit at slower rates in the prior year.

The biggest boom to bust occurred in Quindalup, a small town in the South West region of Western Australia in the shire Busselton and about 250 kilometres west of Perth, most famous as the hub of a thriving timber industry from the mid to late 1800s.

Just a few original buildings remain, including Harwoods Cottage, now a local tourist attraction.

Based on annual sales data, RP Data figures show that Quindalup median house prices rose 47% to Feb 2012 but then fell 38% in the twelve months to February 2013.

Double-digit corrections also occurred in Netherby, a suburb of Adelaide, Sydney&rsquo;s prestige McMahons Point on the lower north shore (though from a small number of prestige sales), Dicky Beach, a suburb on the Sunshine Coast, East Launceston in Tasmania, Alton Downs near Rockhampton and Shorewell Park on the north coast of Tasmania near Burnie.

However, Gladstone City median house prices (the greater Gladstone area) have risen 24% over the 12 months to February 2013 following a rise of 32% in the previous months to a median of $600,000, albeit off just 17 recorded sales, according to RP Data.

And in Moranbah, house prices rose 17% over the 12 months to February 2013 following a 33% in the previous 12 months to rise to $740,000 from 159 sales.

The third location to register two consecutive years of strong price growth was Millthorpe in NSW, a tiny hamlet between Orange and Blayney with 1,100 people, with price gains of 31% in 2012 and 13%.

While listed as the top performers, the locations below were not necessarily recommended by RP Data or SPI Magazine as property investment hotspots for 2013.

<table border="1" cellpadding="0" cellspacing="0" style="width: 470px;">
	<tbody>
		<tr>
			<td valign="top" width="82">
			State
			</td>
			<td valign="top" width="114">
			Suburb
			</td>
			<td valign="top" width="66">
			Annual sales to Feb 13
			</td>
			<td valign="top" width="78">
			Median price Feb 2012
			</td>
			<td valign="top" width="95">
			Median price Feb 2013
			</td>
			<td valign="top" width="90">
			Median 12mth growth to Feb 2012
			</td>
			<td valign="top" width="90">
			Median 12mth growth to Feb 2013
			</td>
		</tr>
		<tr>
			<td colspan="7" valign="top" width="616">
			BEST PERFORMING SUBURBS $700,001 plus
			</td>
		</tr>
		<tr>
			<td valign="top" width="82">
			WA
			</td>
			<td valign="top" width="114">
			Quindalup
			</td>
			<td valign="top" width="66">
			12
			</td>
			<td valign="top" width="78">
			$970,000
			</td>
			<td valign="top" width="95">
			$565,000
			</td>
			<td valign="top" width="90">
			47%
			</td>
			<td valign="top" width="90">
			-38%
			</td>
		</tr>
		<tr>
			<td valign="top" width="82">
			SA
			</td>
			<td valign="top" width="114">
			Netherby
			</td>
			<td valign="top" width="66">
			19
			</td>
			<td valign="top" width="78">
			$970,000
			</td>
			<td valign="top" width="95">
			$800,000
			</td>
			<td valign="top" width="90">
			39%
			</td>
			<td valign="top" width="90">
			-18%
			</td>
		</tr>
		<tr>
			<td valign="top" width="82">
			NSW
			</td>
			<td valign="top" width="114">
			McMahons Point
			</td>
			<td valign="top" width="66">
			16
			</td>
			<td valign="top" width="78">
			$1.92m
			</td>
			<td valign="top" width="95">
			$1.6m
			</td>
			<td valign="top" width="90">
			33%
			</td>
			<td valign="top" width="90">
			-17%
			</td>
		</tr>
		<tr>
			<td colspan="7" valign="top" width="616">
			BEST PERFORMING SUBURBS $500,001 - $700,000
			</td>
		</tr>
		<tr>
			<td valign="top" width="82">
			WA
			</td>
			<td valign="top" width="114">
			Derby
			</td>
			<td valign="top" width="66">
			42
			</td>
			<td valign="top" width="78">
			$555,000
			</td>
			<td valign="top" width="95">
			$542,500
			</td>
			<td valign="top" width="90">
			40%
			</td>
			<td valign="top" width="90">
			0%
			</td>
		</tr>
		<tr>
			<td valign="top" width="82">
			QLD
			</td>
			<td valign="top" width="114">
			Moranbah
			</td>
			<td valign="top" width="66">
			159
			</td>
			<td valign="top" width="78">
			$610,000
			</td>
			<td valign="top" width="95">
			$740,000
			</td>
			<td valign="top" width="90">
			33%
			</td>
			<td valign="top" width="90">
			+17%
			</td>
		</tr>
		<tr>
			<td valign="top" width="82">
			QLD
			</td>
			<td valign="top" width="114">
			Dicky Beach
			</td>
			<td valign="top" width="66">
			20
			</td>
			<td valign="top" width="78">
			$660,000
			</td>
			<td valign="top" width="95">
			$562,500
			</td>
			<td valign="top" width="90">
			28%
			</td>
			<td valign="top" width="90">
			-15%
			</td>
		</tr>
		<tr>
			<td colspan="7" valign="top" width="616">
			BEST PERFORMING SUBURBS $400,001 - $500,000
			</td>
		</tr>
		<tr>
			<td valign="top" width="82">
			QLD
			</td>
			<td valign="top" width="114">
			Alton Downs
			</td>
			<td valign="top" width="66">
			13
			</td>
			<td valign="top" width="78">
			$480,000
			</td>
			<td valign="top" width="95">
			$430,000
			</td>
			<td valign="top" width="90">
			38%
			</td>
			<td valign="top" width="90">
			-10%
			</td>
		</tr>
		<tr>
			<td valign="top" width="82">
			TAS
			</td>
			<td valign="top" width="114">
			East Launceston
			</td>
			<td valign="top" width="66">
			44
			</td>
			<td valign="top" width="78">
			$478,000
			</td>
			<td valign="top" width="95">
			$385,000
			</td>
			<td valign="top" width="90">
			33%
			</td>
			<td valign="top" width="90">
			-19%
			</td>
		</tr>
		<tr>
			<td valign="top" width="82">
			QLD
			</td>
			<td valign="top" width="114">
			Gladstone City
			</td>
			<td valign="top" width="66">
			17
			</td>
			<td valign="top" width="78">
			$482,500
			</td>
			<td valign="top" width="95">
			$600,000
			</td>
			<td valign="top" width="90">
			32%
			</td>
			<td valign="top" width="90">
			+24%
			</td>
		</tr>
		<tr>
			<td colspan="7" valign="top" width="616">
			BEST PERFORMING SUBURBS $300,001 - $400,000
			</td>
		</tr>
		<tr>
			<td valign="top" width="82">
			SA
			</td>
			<td valign="top" width="114">
			Munno Para
			</td>
			<td valign="top" width="66">
			92
			</td>
			<td valign="top" width="78">
			$322,827
			</td>
			<td valign="top" width="95">
			$307,500
			</td>
			<td valign="top" width="90">
			42%
			</td>
			<td valign="top" width="90">
			+1%
			</td>
		</tr>
		<tr>
			<td valign="top" width="82">
			NSW
			</td>
			<td valign="top" width="114">
			Millthorpe
			</td>
			<td valign="top" width="66">
			12
			</td>
			<td valign="top" width="78">
			$330,000
			</td>
			<td valign="top" width="95">
			$372,500
			</td>
			<td valign="top" width="90">
			31%
			</td>
			<td valign="top" width="90">
			+13%
			</td>
		</tr>
		<tr>
			<td valign="top" width="82">
			NSW
			</td>
			<td valign="top" width="114">
			Wyee Point
			</td>
			<td valign="top" width="66">
			17
			</td>
			<td valign="top" width="78">
			$380,000
			</td>
			<td valign="top" width="95">
			$377,500
			</td>
			<td valign="top" width="90">
			31%
			</td>
			<td valign="top" width="90">
			-1%
			</td>
		</tr>
		<tr>
			<td colspan="7" valign="top" width="616">
			BEST PERFORMING SUBURBS UNDER $300,000
			</td>
		</tr>
		<tr>
			<td valign="top" width="82">
			TAS
			</td>
			<td valign="top" width="114">
			Shorewell Park
			</td>
			<td valign="top" width="66">
			18
			</td>
			<td valign="top" width="78">
			$246,000
			</td>
			<td valign="top" width="95">
			$207,500
			</td>
			<td valign="top" width="90">
			47%
			</td>
			<td valign="top" width="90">
			-21%
			</td>
		</tr>
		<tr>
			<td valign="top" width="82">
			NSW
			</td>
			<td valign="top" width="114">
			Boggabri
			</td>
			<td valign="top" width="66">
			21
			</td>
			<td valign="top" width="78">
			$157,500
			</td>
			<td valign="top" width="95">
			$153,000
			</td>
			<td valign="top" width="90">
			45
			</td>
			<td valign="top" width="90">
			-6%
			</td>
		</tr>
		<tr>
			<td valign="top" width="82">
			TAS
			</td>
			<td valign="top" width="114">
			Trevallyn
			</td>
			<td valign="top" width="66">
			98
			</td>
			<td valign="top" width="78">
			$290,000
			</td>
			<td valign="top" width="95">
			$279,500
			</td>
			<td valign="top" width="90">
			26%
			</td>
			<td valign="top" width="90">
			-7%
			</td>
		</tr>
	</tbody>
</table>

Source: RP Data/Smart Property Investment magazine&nbsp;

lschlesinger-FZcF9M3vE6

Gladstone defies doomsayers with 24% gain in annual median house prices with Moranbah also strong

<html><body>
Austin, Aria Property’s 140 apartment project in South Brisbane, which will feature a four-storey commissioned art work, has entirely sold out.
Construction of the project on Grey Street and Fish Lane has recently commenced and will take around 14 months to complete.
One bedroom apartments were priced at around $390,000 with two-bedroom apartments starting from $490,000.
Sitting opposite the Queensland Museum and close to the Queensland Performing Arts Centre (QPAC) and art galleries, the project will incorporate a turn of the century four storey exposed brick façade, that was once a Queensland Rail depot.
It will also house a four storey artwork commissioned by the council to tie in with the buildings close proximity to the Gallery of Modern Art and Queensland Art Gallery.
When completed it will be the tallest building in the South Brisbane arts and culture enclave, “forming a gateway tower between the CBD and South Brisbane”.
Architect Simon White, principle at Rothe Lowman White, tells Property Observer there is not a lot of residential currently in South Brisbane but it’s been mooted as a high growth area with Austin the catalyst for a master plan to develop the neglected Fish Lane – which runs for about six blocks - with ground floor retail tenancies and a café complimenting the already established cultural precinct.
White says Aria took a “direct decision” to build large units aimed at attracting a higher proportion of owner occupiers, unlike most inner Brisbane apartment projects, which are aimed at the investor market.
Two-bedroom apartments measure between 80 square metres while one bedroom apartments between 52 and 55 square metres.
Generally one-bedroom apartments in Brisbane measure less than 50 square metres, he says.
Other attractions of the development include are a focus on amenities and recreation with a 500-square-metre rooftop terrace designed for “quiet recreation with sunbeds, open air bars, dining areas and rooftop planting” all with city views.
Other Aria projects where Rothe Lowman White have collaborated on include a 56 unit, 8 storey development sitting opposite Musgrave Park currently under construction.
Chris Mitchell, head of residential development at ARIA says that the company is dedicated to the successful development of South Brisbane and West End and has its headquarters on Edmondstone Street, on the boundary of the adjoining neighbourhoods.
<a href="https://www.ariaproperty.com.au/" target="_blank">ARIA Property Group </a>is a family owned and operated property development and investment company founded in 2003 by Tim Forrester.
</body></html>

'Arty' sold-out Austin apartment project to rise to South Brisbane's highest

<html><body>
Beleaguered coal baron Nathan Tinkler, who just dropped off the BRW Rich List, has listed his $5.2 million mega-mansion on a four hectare acreage outside Brisbane. 
Rebecca Tinkler bought the property in 2007 for $5.2 million. It's among several trophy homes owned by the family.
Last year Tinkler came 34th on the BRW Rich 200 with estimated net wealth of $915?million, but this year he fell under the $235?million threshold.
It is being sold by Benjamin Smith and Kel Goesch from BrisbaneRealEstate.com.au.
Fairfax Media reports the house is likely to resell for between $4 million and $5 million at its June 15 auction.
The seven-bedroom, five-bathroom estate comes with a vast array of features to keep any buyer occupied for months. The Pullenvale home in nestled in the hills 15 kilometres west of Brisbane.
It has a resort-style spa and pool with two waterslides and a poolside bar. The pool area leads into the professional gym and sauna room.
Inside the 1600 square metre house there is an 18-seater home cinema which is currently furnished with an arcade style basketball game and a state of the art sound system.
Outside is a floodlit champion size tennis court for night time games of tennis and pictures reveal a private golf green at the front of the four hectare block.
There are also stables and paddocks  for a number of horses if the purchaser is an equine enthusiast.
There is a 3,500 bottle climate controlled cellar seating inside for 12 people. And most of the guests will be able to stay given there is parking for 9 cars and a separate guest quarters two bedrooms and one bathroom.
And to keep the kids entertained there is a children's playground area.
Inside, as well as the exceptionally well appointed kitchen there is a teppanyaki bbq grill with seating for eight people.
There is a pool room which features arcade games and a four-seater bar. Guests enter the house by walking past the waterfall which cascades into a welcoming pond.
Tinkler has spread his collection of sports memorabilia and Hollywood minutia around the timber-floored house.
Tinkler currently retains homes at Merewether in the Newcastle beachside precinct and his $11.5 million oceanfront mansion on Sapphire Beach, Noorinya. 
Noorinya sits at the top of the list of Nathan Tinkler's private property assets, should he seek further funds to get himself out of his current business liquidity situation.
But having paid $11.5 million, it's in a league of its own when it comes to the prestigious second home coastal market.
The mining magnate smashed the mid north coast record in 2008 when he purchased Noorinya, on a Sapphire Beach headland, for $11.5 million from Microsoft pioneer Jaybe Ammons.
Noorinya, with 1.8 hectares of private headland, comes with lap pool and a secluded beach.
The following year Stockland’s David Pitman and ABN Amro’s Simon Perrott purchased oceanfront properties from developer Barry France on the next headland along at Sapphire Beach.
{qtube vid:=BYSuZ5PkBg8&amp;feature=plcp}
 
<hr class="system-pagebreak">
 Ammons and his wife, Shelly, had spent about $2.75 million on the site amalgamation, including a $1.85 million purchase from hospital industry operator Paul Ramsay in 1999. Locals say the family used it regularly during the early years of ownership, but not much recently since the family relocated from their Newcastle base to Singapore.
Last June the Hunter Sports Group boss Troy Palmer was the immediate direct beneficiary of his boss Nathan Tinkler’s decision to quit Newcastle for Singapore.
Palmer bought one of Tinkler’s redundant beachside Merewether properties (pictured below) for $2.8 million – at under the commonly believed market value.
<img src="/images/stories/2012/06/bermer.jpg">
Tinkler bought the four-bedroom, three-bathroom 2006-built Merewether house for a then bullish record-setting $4.3 million in 2008 from the rugby league legend Andrew Johns.
Palmer’s same-day exchange settlement was in wife Emma’s name last month. The 34% price drop shocked several estate agents. “It turns out Nathan Tinkler's sale was a 'friendly deal', so should be seen as out of line by valuers,” one agent tweeted.
<img src="/images/stories/2012/06/bermerflicker.jpg">
Prior to working at the Tinkler Group, the Newcastle-born and raised Troy Palmer was the chief financial officer of Bluetongue Brewery, another well-known Newcastle organization.
Palmer was responsible for the acquisition of the Newcastle Knights and Newcastle Jets.
Tinkler retains his other Merewether holding, a two-block 1,587-square-metre amalgamation overlooking Bar and Dixon Park beaches, which cost an $8.8 million total in 2008. Locals reports it’s been in limbo since a development application for a six-bedroom Rosie Stollery-designed compound was approved in June 2011.
Video source LJ Hooker, 2008 marketing campaign
Video prepared by HTM Digital
 
 
 
</body></html>

Nathan Tinkler lists indulgent Brisbane acreage mansion 

<html><body>
The regional Queensland town Bundaberg has been recording lower vacancy rates thanks to its proximity to Gina Rinehart's mining activities.
According to the Real Estate Institute of Queensland, <a target="_blank" href="/news">Bundaberg</a> experienced a significant drop in vacancy rates, down to 0.8% from 2.4% last December and from 3.3% in March last year.
The shift was partly due to the floods caused by ex-tropical cyclone Oswald back in January 2013, although it's expected Bundaberg’s vacancy rates could be further impacted after a recently discovered coking coal deposit measuring 28.5 million tonnes was found earlier this year in Avalon, 25 kilometres northwest of Bundaberg. 

REIQ’s March residential rental vacancy rate survey showed the influence resource companies can have on regional rental markets.
“Mackay and Gladstone both recorded significant increases in vacancy rates as at the end of March due to less demand for rental properties from mining companies, and an element of increases in the supply of rental stock,” REIQ CEO Anton Kardash said.
With vacancy rates at 3% considered the general median for supply and demand, Queensland had four regional towns including Bundaberg that fell well below the average.
The rental market saw mixed results across Queensland for the first quarter of 2013.
The survey indicated Hervey Bay was down to 1.6% after a drastic drop from 4.3% and Gympie Regional saw a drop from 2.7% to 1.8% while the Toowoomba region retained its mantle as one of the tightest rental markets in the state at 0.8% down from 1.0% at the end of 2012.
A sample of the Bundaberg rental market from REIQ.com shows several affordable and family friendly houses including an 809-square-metre property on <a target="_blank" href="https://www.reiq.com/House/for-rent/bundaberg/2487465.aspx">Barolin Street</a> with four bedrooms and one bathroom for $340 per week.
Also on the market is a 799-square-metre property at <a target="_blank" href="https://www.reiq.com/House/for-rent/bundaberg/2475412.aspx">Griffith Street</a> with five bedrooms, two bathrooms and two car bays for $360 per week.
</body></html>

gdwyer-vyxhMDDW5L

Mining activity sees vacancy rate drop in Bundaberg

<html><body>
A three-bedroom condominium in the world's first Palazzo Versace on the Gold Coast is up for grabs with a price guide above $1.5 million.
Gold Coast couple Rob and Gaye Williams are selling their three-bedroom, two-bathroom condo, which was only used occasionally for holidays.
The property features inlaid marble floors, timber parquetry and Italian art and mosaics adorn the walls.
The property also boasts hand painted finishes by decorating company Artisans, including a gold leaf ceiling.
A lounge – filled with European furniture of rich velvet and silk fabrics – opens up to a terrace with views over the hotel's pool.
The potential buyer will have use of the six star hotel facilities including restaurants, bars and recreational facilities.
Condominium 60 is <a href="https://www.raywhite.com/qld/main-beach/958706/#.UYxWjeBAt6o" target="_blank">listed</a> through Sam Guo and Julia Kuo of Ray White Broadbeach, with EOI closing May 27.
</body></html>

Gold leaf ceiling comes with Palazzo Versace, Gold Coast condo with $1.5 million hopes

<html><body>
The Brisbane residential rental market swung further in favour of landlords in the March quarter with the vacancy rate tightening from 2.2% to 2.1%.
A balanced rental market is said to be at a vacancy rate of 3% with anything below that benchmark suggesting landlords have the upper hand in rental negotiations due to a shortage of available rental accommodation.
The vacancy rate remained tightest in the inner city – suburbs within 5 kilometres of the CBD – but unchanged at 2%.
A year ago the vacancy rate in the inner city was 1.4% reflecting perhaps the completion of a number of apartment projects in the inner ring.
“The addition of new apartments and a slight increase in investor activity should hopefully see vacancy rates ease over the coming year,” said REIQ chair Pamela Bennett.
“Recent data from the Residential Tenancies Authority (RTA) shows that median rental prices increased between December and March, with three bedroom houses up $10 to $410 per week and two bedroom units up $5 to $395 per week. The median rent for a four bedroom house increased by $20, now at $500 per week,” she added.
Of the 10 rental markets surrounding Brisbane, seven remain “tight” with only Caboolture, Redcliffe and Bay Islands considered “healthy” rental markets.
<table border="0" cellspacing="0" cellpadding="0" width="431"><tbody>
<tr>
<td width="192" nowrap>
AS AT END OF:
</td>
<td width="51">
Mar-13
</td>
<td width="51">
Dec-12
</td>
<td width="51">
Mar-12
</td>
<td width="24" nowrap></td>
<td width="63" nowrap>
Current market condition
</td>
</tr>
<tr>
<td width="192" nowrap valign="bottom">
SOUTHEAST QUEENSLAND
</td>
<td width="51" nowrap valign="bottom">
 
</td>
<td width="51" nowrap valign="bottom">
 
</td>
<td width="51" nowrap valign="bottom">
 
</td>
<td width="24" nowrap valign="bottom"></td>
<td width="63" nowrap valign="bottom">
 
</td>
</tr>
<tr>
<td width="192" nowrap valign="bottom">
Brisbane SD
</td>
<td width="51" nowrap valign="bottom">
2.1%
</td>
<td width="51" nowrap valign="bottom">
2.2%
</td>
<td width="51" nowrap valign="bottom">
2.2%
</td>
<td width="24" nowrap valign="bottom"></td>
<td width="63" nowrap valign="bottom">
tight
</td>
</tr>
<tr>
<td width="192" nowrap valign="bottom">
Brisbane City
</td>
<td width="51" nowrap valign="bottom">
2.1%
</td>
<td width="51" nowrap valign="bottom">
2.0%
</td>
<td width="51" nowrap valign="bottom">
1.7%
</td>
<td width="24" nowrap valign="bottom"></td>
<td width="63" nowrap valign="bottom">
tight
</td>
</tr>
<tr>
<td width="192" nowrap valign="bottom">
Brisbane Inner (0-5km)
</td>
<td width="51" nowrap valign="bottom">
2.0%
</td>
<td width="51" nowrap valign="bottom">
2.0%
</td>
<td width="51" nowrap valign="bottom">
1.4%
</td>
<td width="24" nowrap valign="bottom"></td>
<td width="63" nowrap valign="bottom">
tight
</td>
</tr>
<tr>
<td width="192" nowrap valign="bottom">
Brisbane Remainder
</td>
<td width="51" nowrap valign="bottom">
2.2%
</td>
<td width="51" nowrap valign="bottom">
2.0%
</td>
<td width="51" nowrap valign="bottom">
1.9%
</td>
<td width="24" nowrap valign="bottom"></td>
<td width="63" nowrap valign="bottom">
tight
</td>
</tr>
<tr>
<td width="192" nowrap valign="bottom">
Brisbane Surrounds
</td>
<td width="51" nowrap valign="bottom">
2.1%
</td>
<td width="51" nowrap valign="bottom">
2.3%
</td>
<td width="51" nowrap valign="bottom">
2.6%
</td>
<td width="24" nowrap valign="bottom"></td>
<td width="63" nowrap valign="bottom">
tight
</td>
</tr>
<tr>
<td width="192" nowrap valign="bottom">
Ipswich City
</td>
<td width="51" nowrap valign="bottom">
2.1%
</td>
<td width="51" nowrap valign="bottom">
2.1%
</td>
<td width="51" nowrap valign="bottom">
2.8%
</td>
<td width="24" nowrap valign="bottom"></td>
<td width="63" nowrap valign="bottom">
tight
</td>
</tr>
<tr>
<td width="192" nowrap valign="bottom">
Logan City
</td>
<td width="51" nowrap valign="bottom">
2.3%
</td>
<td width="51" nowrap valign="bottom">
2.5%
</td>
<td width="51" nowrap valign="bottom">
2.3%
</td>
<td width="24" nowrap valign="bottom"></td>
<td width="63" nowrap valign="bottom">
tight
</td>
</tr>
<tr>
<td width="192" nowrap valign="bottom">
Moreton Bay Regional
</td>
<td width="51" nowrap valign="bottom">
2.4%
</td>
<td width="51" nowrap valign="bottom">
2.5%
</td>
<td width="51" nowrap valign="bottom">
3.0%
</td>
<td width="24" nowrap valign="bottom"></td>
<td width="63" nowrap valign="bottom">
tight
</td>
</tr>
<tr>
<td width="192" nowrap valign="bottom">
Caboolture
</td>
<td width="51" nowrap valign="bottom">
2.5%
</td>
<td width="51" nowrap valign="bottom">
2.6%
</td>
<td width="51" nowrap valign="bottom">
3.4%
</td>
<td width="24" nowrap valign="bottom"></td>
<td width="63" nowrap valign="bottom">
healthy
</td>
</tr>
<tr>
<td width="192" nowrap valign="bottom">
Pine Rivers
</td>
<td width="51" nowrap valign="bottom">
2.2%
</td>
<td width="51" nowrap valign="bottom">
1.2%
</td>
<td width="51" nowrap valign="bottom">
2.2%
</td>
<td width="24" nowrap valign="bottom"></td>
<td width="63" nowrap valign="bottom">
tight
</td>
</tr>
<tr>
<td width="192" nowrap valign="bottom">
Redcliffe
</td>
<td width="51" nowrap valign="bottom">
2.9%
</td>
<td width="51" nowrap valign="bottom">
3.4%
</td>
<td width="51" nowrap valign="bottom">
3.9%
</td>
<td width="24" nowrap valign="bottom"></td>
<td width="63" nowrap valign="bottom">
healthy
</td>
</tr>
<tr>
<td width="192" nowrap valign="bottom">
Redland City
</td>
<td width="51" nowrap valign="bottom">
1.2%
</td>
<td width="51" nowrap valign="bottom">
1.8%
</td>
<td width="51" nowrap valign="bottom">
2.2%
</td>
<td width="24" nowrap valign="bottom"></td>
<td width="63" nowrap valign="bottom">
tight
</td>
</tr>
<tr>
<td width="192" nowrap valign="bottom">
Mainland
</td>
<td width="51" nowrap valign="bottom">
0.9%
</td>
<td width="51" nowrap valign="bottom">
1.7%
</td>
<td width="51" nowrap valign="bottom">
1.6%
</td>
<td width="24" nowrap valign="bottom"></td>
<td width="63" nowrap valign="bottom">
tight
</td>
</tr>
<tr>
<td width="192" nowrap valign="bottom">
Bay Islands
</td>
<td width="51" nowrap valign="bottom">
3.9%
</td>
<td width="51" nowrap valign="bottom">
2.2%
</td>
<td width="51" nowrap valign="bottom">
8.8%
</td>
<td width="24" nowrap valign="bottom"></td>
<td width="63" nowrap valign="bottom">
healthy
</td>
</tr>
</tbody></table>
Source: REIQ
 “Ipswich City was the only region not to record any movement in its vacancy rate, unchanged at 2.1% as at the end of March and consistent with agents commenting on strong demand,” said Bennett.
“Logan City’s vacancy rate dipped slightly 2.3%, down from 2.5% recorded for the end of December.
According to agents, people are moving to the region from other parts of Queensland and interstate.
“The vacancy rate for the Moreton Bay region remained steady, recording a vacancy rate of 2.4% as at the end of March. RTA median rental data showed median rents rose by $5 for both three and four bedroom house, now at $330 and $380 respectively.
“Vacancy levels decreased in the Redland City region overall, now at 1.2% as at the end of March. On the mainland, vacancy rates fell to 0.9%, as REIQ accredited agents have found that demand has been higher than normal, and new tenants were being approved even before the previous tenant had vacated.
Only one market – the Southern Moreton Bay Islands, incorporating Russell, Karragarra, Lamb and Macleay Islands – has a vacancy rate of 3.9%. This is up from 2.2% in December 2012 reflecting seasonal demand for holiday rentals. The March vacancy rate is well down on the 8.8% vacancy rate a year ago.
The REIQ notes that the bay islands area saw some holiday rentals being marketed instead as residential rental properties,” partially influencing an increase in the area’s vacancy rate to 3.9%.
While the rental market remains constrained, some REIQ accredited agents have noted lower demand within specific areas now that the academic intake period has ceased.
“Even though the academic calendar is in full swing, the Brisbane rental market remains competitive with about two to five applications per rental listing,” said REIA chief execurive Anton Kardash.
“Part of the reason why the market is certainly a case of more demand than supply is that first home buyers are largely remaining on the sidelines of the sales market following the removal of the First Home Owners Grant last year.”
</body></html>

Brisbane rental market tightens to 2.1% vacancy rate in March quarter with rents rising

<html><body>
Mermaid Beach, the Gold Coast suburb made famous by the dramatic plunge in beachfront property values along Hedges Avenue following the GFC, is Australia's worst-performing suburb since 2009.
Median prices of two-bedroom houses in Mermaid Beach have fallen nearly 66% in the last four years while the four-bedroom house prices have fallen nearly 57%, according to a new report compiled by property investment group Real Estate Investar using Australian Property Monitors data.
The top ten worst total four year median price performance suburbs
<table cellpadding="0" cellspacing="0" border="1" style="width: 470px;"><tbody>
<tr>
<td width="103" valign="top">
Suburb
</td>
<td width="103" valign="top">
State
</td>
<td width="103" valign="top">
Dwelling type
</td>
<td width="103" valign="top">
Median price
</td>
<td width="103" valign="top">
One year median price growth
</td>
<td width="103" valign="top">
Four year median price growth
</td>
</tr>
<tr>
<td width="103" valign="top">
1. Mermaid Beach
</td>
<td width="103" valign="top">
QLD
</td>
<td width="103" valign="top">
2 bedroom house
</td>
<td width="103" valign="top">
$413,000
</td>
<td width="103" valign="top">
-22.74%
</td>
<td width="103" valign="top">
-65.56%
</td>
</tr>
<tr>
<td width="103" valign="top">
2. Burleigh Heads
</td>
<td width="103" valign="top">
QLD
</td>
<td width="103" valign="top">
2 bedroom house
</td>
<td width="103" valign="top">
$206,000
</td>
<td width="103" valign="top">
-51.25%
</td>
<td width="103" valign="top">
-60.62%
</td>
</tr>
<tr>
<td width="103" valign="top">
3 Mermaid Beach
</td>
<td width="103" valign="top">
QLD
</td>
<td width="103" valign="top">
4 bedroom houses
</td>
<td width="103" valign="top">
$972,000
</td>
<td width="103" valign="top">
-24.8%
</td>
<td width="103" valign="top">
-56.80%
</td>
</tr>
<tr>
<td width="103" valign="top">
4. Bilinga
</td>
<td width="103" valign="top">
QLD
</td>
<td width="103" valign="top">
3 bedroom house
</td>
<td width="103" valign="top">
$449,500
</td>
<td width="103" valign="top">
-37.14%
</td>
<td width="103" valign="top">
-55.05%
</td>
</tr>
<tr>
<td width="103" valign="top">
5. Sunshine Beach
</td>
<td width="103" valign="top">
QLD
</td>
<td width="103" valign="top">
4 bedroom
</td>
<td width="103" valign="top">
$1.295m
</td>
<td width="103" valign="top">
-26%
</td>
<td width="103" valign="top">
-52.91%
</td>
</tr>
<tr>
<td width="103" valign="top">
6. Mandurah
</td>
<td width="103" valign="top">
WA
</td>
<td width="103" valign="top">
Studios  &amp; 1 bedroom units
</td>
<td width="103" valign="top">
$190,000
</td>
<td width="103" valign="top">
+40.74%
</td>
<td width="103" valign="top">
-51.90%
</td>
</tr>
<tr>
<td width="103" valign="top">
7. Bonny Hills
</td>
<td width="103" valign="top">
NSW
</td>
<td width="103" valign="top">
2 bedroom house
</td>
<td width="103" valign="top">
$169,500
</td>
<td width="103" valign="top">
+25.55%
</td>
<td width="103" valign="top">
-51.85%
</td>
</tr>
<tr>
<td width="103" valign="top">
8. Bilinga
</td>
<td width="103" valign="top">
QLD
</td>
<td width="103" valign="top">
3 bedroom unit
</td>
<td width="103" valign="top">
$820,000
</td>
<td width="103" valign="top">
+8.25%
</td>
<td width="103" valign="top">
-50.31%
</td>
</tr>
<tr>
<td width="103" valign="top">
9. Safety Beach
</td>
<td width="103" valign="top">
VIC
</td>
<td width="103" valign="top">
3 bedroom unit
</td>
<td width="103" valign="top">
$399,000
</td>
<td width="103" valign="top">
-3.86%
</td>
<td width="103" valign="top">
-49.82%
</td>
</tr>
<tr>
<td width="103" valign="top">
10. Ultimo
</td>
<td width="103" valign="top">
NSW
</td>
<td width="103" valign="top">
Studios  &amp; 1 bedroom units
</td>
<td width="103" valign="top">
$185,000
</td>
<td width="103" valign="top">
+3.35%
</td>
<td width="103" valign="top">
-49.8%
</td>
</tr>
</tbody></table>
Source: Real Estate Investar
The median price for two-bedroom houses on Mermaid Beach has fallen to just $413,000 while four-bedroom houses now sell for around $972,000.
And the decline on Mermaid Beach has not been arrested in the last year, despite some improvement in the Gold Coast market with the most recent Prodap Report recording a 7.4% rise in average Gold Coast house prices over the first three months of the year.
Two-bedroom Mermaid beach house prices are down 23% over the past 12 months while four-bedroom houses are down 25%.
The collapse in real estate prices on Mermaid Beach has led to accusations by real estate agent Rod Lambert that investors were duped into buying multimillion-dollar properties as part of an elaborate price-fixing scam.
A legal battle between <a target="_blank" href="https://www.propertyobserver.com.au/legal/rod-lambert-s-%24175-million-gold-coast-claim-and-other-courtroom-conflicts-to-consider-in-2013/2013012458976">Lambert and ex-Ray White Estate agent Michael Kollosche</a> and other parties is currently underway over the sale of a property site to Lambert and his wife for $10.6 million in 2007.
Recent sales on Mermaid Beach include a <a target="_blank" href="https://www.homehound.com.au/30+arthur+street+mermaid+beach+qld+4218/">four-bedroom house on Arthur Street</a> just a block from the beachfront, which sold for $800,000 in January 2013.
It previously sold for $1 million in July 2005, a 20% drop in value.
In November 2011, Property Observer compiled a list of the <a target="_blank" href="https://www.propertyobserver.com.au/residential/the-8-biggest-losses-on-mermaid-beach-s-millionaire-s-row-show-no-post-gfc-recovery-in-sight/2011113052610">eight biggest losses on Mermaid Beach</a>, led by 199 Hedges Avenue, sold in 2011 for $7,700,000, last sold for $17.5 million in 2007, a loss of 56%.
Queensland coastal suburbs occupy the top five positions on the list of worst-performing locations with two-bedroom houses in Burleigh Heads second with a 61% decline over the past four years.
Bilinga, a southern beachfront suburb on the Gold Coast ranked fourth with three-bedroom house prices down 55% followed by prestige Sunshine Beach market on the Sunshine Coast, where prices have fallen 53% with a 26% decline recorded over the past 12 months.
The worst performing unit market is Mandurah, the regional city south of Perth where studio and one-bedroom apartments are down 52%, though values have recovered in the past 12 months, up 40.7% to a median of $190,000.
Investors may be surprised to see Ultimo, the inner Sydney suburb amongst the top 10 with studio and one-bedroom apartment prices down nearly 50% over the past four years with a median price of $185,000.
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