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

Joel Robinson

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

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

Lowe Living unveils Middle Park apartment development

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

DVB Projects to launch second Broadbeach apartment tower as demolition commences

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

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

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

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

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

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

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There are some signs of an improvement in the Brisbane property market with a number of suburbs south and north of the city offering good investment options around the median house price, says property valuers Herron Todd White.

The median house value in Brisbane is around $442,000 according to RP Data-Rismark with values up just 1.4% over the past 12 months.

“Brisbane remains fairly price accessible despite some anecdotal strengthening this year, says Herron Todd White in its May market wrap.

“There is a slight spring in the step of agents although few are putting a deposit down on a Bentley just yet. 

“Enquiry is up and open homes are more crowded in most instances.”

Herron Todd White writes that market sentiment “seems to be improving with agents reporting greater interest but they still need to work at getting together the buyer and seller on a contract”.

However, there are few signs recent interest rate cuts have resulted in a spike in the number of sales. 

“Any median priced buyer would have great options available and if you’re cashed up and ready to move, then you’d be an attractive option for sellers.

“For detached homes, you will be within the five to 10 kilometre radius of the CBD. 

“This isn’t bad for a capital city and despite the common complaints about rush hour you would be hard placed to locate a commuter who considers 10 kilometres to be an inaccessible distance from the CBD. 

For those looking south of the city, Herron Todd White recommends the suburbs of Tarragindi, Holland Park and Salisbury  where planned infrastructure works and pending town planning changes will make them “even stronger as options for the median priced buyer.

“A typical three-bedroom, three-bathroom post-war cottage on an average size allotment will fall within the $350,000 to $400,000 price bracket. 

“The home may not set your heart a-flutter, but it will rent and should prove a solid investment over the medium to long term. Many of these properties do have renovation potential, but this style of house will mean a reasonable sized living area,” says Herron Todd White

There are also opportunities north of the city, but a little further rout.

“Perhaps you’ll pick up some older stock in McDowall or a touch closer in. 

“Less traditionally sized allotments might help your price-point if you were to move closer to the CBD and wanted to be in a well serviced location, but renovation is highly likely.

Apartments are a more affordable investment option for those who don’t want to head further away from the city.

“For somewhere over $300,000 you will get yourself a 1980s two-bedroom unit that will find a ready tenant base and should prove very accessible to transport and services. 

“Try the areas of Coorparoo and Greenslopes on the south side or perhaps the student accommodation end of St Lucia and Indooroopilly/Taringa. The trip to the city centre isn’t that far and you will have no trouble finding somebody to take on the lease.”

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Brisbane property market improving with good investor opportunities around the median price: Herron Todd White

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Once a boom mining town housing over 3,000 people before the local nickel mine closed, Greenvale, in the Dalrymple shire in Queensland, is now home to just 289 residents according to the latest census data. 
Yesterday, Terry Ryder wrote in his <a href="https://www.propertyobserver.com.au/residential/smart-investors-diversify-across-australia-s-many-different-property-markets-terry-ryder-hotspotting/2013060361880?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=upperright" target="_blank">column</a> published in Property Observer that he met a man at the Brisbane Home Buyer and Property Investor Show who once owned 30 units and 16 houses in Greenvale at the height of the mining boom. 
When the mine closed down and the train line was removed, he then had to sell his properties for a song. 
Ryder highlighted this as a reminder that investors should not put all eggs in one basket. Instead, he recommends “having a geographical spread” of investment properties. 
Located approximately 220 kilometres northwest from Townsville, Greenvale lies on the banks of the Burdekin River on Gregory Developmental Road. It once had a nickel mine with ore carried by train to a processing plant in Yabulu between 1974 to 1993. The railway tracks were removed in mid-2000. 
Despite the fact that nickel mining operations have ended, more mining operations in the area have commenced. In particular, north Queensland mining company Metallica Minerals Ltd discovered one of the world’s largest deposits of the rare earth, Scandium, at a former Greenvale nickel mine. They are planning to launch the <a href="https://metallicaminerals.com.au/sconi" target="_blank">SCONI project</a> in the near future. 
Scandium is vital for making solid oxide fuel cells, which are used for generating electricity from natural gas and renewable fuels. 
With Metallica Minerals Ltd looking to reopen the mine, Lisa Palmer of Raine and Horne Charters Towers is optimistic about the Greenvale property market. 
“It’s not a hot market; it’s a specialist area. It’s not something that’s going to sell overnight. With the prospect of the mine opening, in the next six to twelve months investors will be more interested in these areas,” she told Property Observer. 
Palmer adds that movement in the market mostly comes from home owners who have decided to move on, or investors looking to buy in the area. 
While Greenvale is only about 220 kilometres from Townsville, Palmer feels the area is best for retired couples, young families who enjoy being away from the city, or people working in the grazing industry who are looking to be close to their place of work. 
According to the <a target="_blank" href="/news">latest report by RP Data</a>, an average discount of 10.9% is required to sell a house in Greenvale, and private treaty sales average 48 days on market. 
 
<hr class="system-pagebreak">
Properties listed for sale in Greenvale include: 
<a target="_blank" href="https://www.reiq.com/House/for-sale/greenvale/2505369.aspx">8 Tristana Court</a>, a four-bedroom house listed for $185,000 by Raine &amp; Horne Charters Towers. The house last sold for $120,000 in 2008. It was also listed for sale in the same year for $145,000; and again in 2010 for $160,000 according to RP Data records. 
<a target="_blank" href="https://www.reiq.com/House/for-sale/greenvale/2504287.aspx">4 Grevillea Court</a>, a three-bedroom house (pictured below) listed for $100,000 by Raine &amp; Horne Charters Towers. The house last sold for $35,000 in 2004, and was sold at $69,990 in 1996.
<img src="/images/stories/2013/06/woollahrajune5one.jpg" width="470" height="262" alt="woollahrajune5one">
<a href="https://www.reiq.com/House/for-sale/greenvale/2163881.aspx">12 Grevillea Court</a>, a three-bedroom house listed for $260,000 by Jensen’s Real Estate &amp; Livestock. The house last sold for $105,000 in 2005. It has been listed for sale since March 2010. 
<a target="_blank" href="https://www.realestate.com.au/property-unit-qld-greenvale-113061431">2 Hakea Court</a>, a two-bedroom unit (pictured below) listed for $120,000 by Ray White Townsville. The unit last sold for $40,000 in 2011, and was also sold for $30,000 in 2007 according to RP Data records.
<img src="/images/stories/2013/06/greenvalejune5two.jpg" width="470" height="286" alt="greenvalejune5two">
<a target="_blank" href="https://www.realestate.com.au/property-apartment-qld-greenvale-109490016">7 Hakea Court</a>, a two-bedroom unit listed for $115,000 by Jensen’s Real Estate &amp; Livestock. The unit last sold for $41,000 in 2011, and was also sold for $42,000 in 1996. It has also been listed for sale since February last year. 
Properties that have recently been sold in Greenvale include: 
<a target="_blank" href="https://www.realestate.com.au/property-house-qld-greenvale-111379103">8 Grevillea Court</a>, a three-bedroom house (pictured below) that sold for $87,000 last year. The house was sold in 2005 for $52,000, in 2004 for $27,000, in 2002 for $22,000, and in 1997 for $69,990. It was also listed for sale in 2008 for $170,000, according to RP Data records.
<img src="/images/stories/2013/06/greenvalejune5three.jpg" width="470" height="227" alt="greenvalejune5three">
<a target="_blank" href="https://www.realestate.com.au/property-other-qld-greenvale-108768196">1 Geranium Court</a>, a three bedroom house that sold for $89,000 last year. The house was sold in 2004 for $65,000, and in 1998 for $59,990 according to RP Data records.
Image of Greenvale railway track works courtesy of the National Library of Australia.
 
 
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Lessons from Greenvale, a former mining hotspot now tracking at a slower pace

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Australian adventurer and author Denis Bartell has listed his canal home on Bribie Island for $1.09 million.
The four-bedroom property on Banksia Beach was built by architect Brad McLachlan.
Situated on an 839-square-metre allotment, the property includes an in-ground pool and a 10-metre fully serviced pontoon.
“The moment you walk through the secure gatehouse, you will be overwhelmed by the attention to detail, design, fixtures and fittings throughout,” says listing agent <a target="_blank" href="https://raywhitebribieisland.com.au/qld/banksia-beach/969413/">Shane C Richards of Ray White</a>.
“There are many prestigious homes on the island attracting some of Australia’s wealthiest due to its privacy and secluded lifestyle,” says Richards.
The property has been on and off the market since 2008.
Bartell has raised tens of thousands of dollars for the Royal Flying Doctor Service and the National Breast Cancer Foundation.
The median house price in <a target="_blank" href="/news">Banksia Beach</a> is $475,000.
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Aussie adventurer and author Denis Bartell lists his Bribie Island home

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The champion jockey Jeff Lloyd is selling his five-bedroom waterfront villa overlooking the estuary at Hope Island on the Gold Coast.
More than $1.7 million - and as much as $2.1 million - is tipped for the house with marble bathrooms, a modern?kitchen and a pool.
The house has?Foreign?Investment Review Board approval for purchase by an offshore buyer.
Philip Chillemi of McGrath Surfers Paradise holds <a href="https://www.mcgrath.com.au/buy/house-hope-island-qld-4212/184768/?searchID=29495701" target="_blank">the June 30 auction listing</a>.
Lloyd recently returned from a racing stint in Hong Kong.
The jockey, who has won more than 4,500 races to date in his career, has been ill since his return when he intended to ride in the Brisbane metropolitan area.</body></html>

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Hope Island, Gold Coast champion jockey Jeff Lloyd is selling his five-bedroom waterfront villa

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

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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.
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Cattle baron Sir Graham McCamley sells to Peter Camm 

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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">
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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.

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			</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;

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>

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