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

Joel Robinson

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

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

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

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

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

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

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

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

Abadeen, PERIFA, top out Putney Wharf harbourfront precinct

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

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Brisbane house prices have remained relatively steady over 2012, according to the latest quarterly median house price data released by the Real Estate Institute of Queensland (REIQ).
Median house prices are up 0.4% in the December 2012 quarter to $510,000.
This is the second consecutive quarterly increase for Brisbane house prices.
REIQ chief executive Anton Kardash says the latest quarterly result demonstrates that the second half of 2012 was one of improvement.
“This is the second consecutive quarter where the market has exceeded expectations,” he says.
“Historically the December quarter is quieter than the September quarter - and we did have a very strong September quarter last year – but what these figures are showing us is that buyers continue to be more active than the year before.”
The volume of houses sold in Queensland is up 8%, year-on-year.
“There is no doubt that the Queensland market is improving due to the low interest rate environment, increasing confidence levels, an element of pent-up demand, as well as a more settled economic outlook here and overseas,” Kardash says.
“Upgrader suburbs in Brisbane did particularly well over the period, with many buyers taking advantage of low interest rates to make their move,” he says.
“Unfortunately, however, the numbers of first-home buyers active in the Queensland market continues to trend down following the removal of the first-home owners’ grant in October last year.”
One of the better-performing Brisbane suburbs over the quarter was Ashgrove, where median house prices jumped 11.9% in the quarter to end the year 3.2% up on 2011 at $755,000.
Bracken Ridge also finished the year strong, with median house prices up 13.9% for the quarter and 2.7% for the year to $428,750.
The median house price in the suburb of Nundah is $631,250 in December, up 9.8% for the December quarter and 9% for the year.
The median Brisbane house price fell 0.4% over 2012 from $512,000 in the December quarter 2011.
In the December quarter of 2011 the median Brisbane house price fell 0.2% to $499,000.
Photo by bertknot, courtesy of Flickr
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Brisbane house prices steady in 2012: REIQ

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House prices on the Gold Coast and Sunshine Coast declined relatively modestly over 2012 and showed signs of recovering in the final quarter of the year, according to new figures released by the Real Estate Institute of Queensland (REIQ).
The figures suggest these tourism-dependent, retiree-friendly coastal markets averted the “catastrophe” suggested by Sunrise presenter and finance guru David Koch and his wife Libby a year ago.
House prices on the Gold Coast declined by 3.1% over the year with the median price declining from $480,000 to $465,000 on an annualised basis.
This compares with a steeper decline of 4.8% recorded over the 2011 calendar year.
Over the final three months of the year, Gold Coast house prices lifted by 1.1% - a better result than the Brisbane city market, where house prices gained just 0.4% over the final quarter of the year.
On the Sunshine Coast, house prices fell 2.9% over the year with the median price declining from $445,000 to $432,050 on an annualised basis.
In 2011, Sunshine Coast house prices fell 5.3%, according to the REIQ.
There are indications that house price declines may be slowing down with the Sunshine coast recording just a 0.2% decline over the final three months of 2012.
<table cellpadding="0" cellspacing="0" border="1"><tbody>
<tr>
<td valign="top" width="111">
Region
</td>
<td valign="top" width="94">
Median sale price Dec 2012
</td>
<td valign="top" width="76">
Qrtly change
</td>
<td valign="top" width="95">
Median sale price for 12 months to Dec 2012
</td>
<td valign="top" width="104">
Median sale price for 12 months to Dec 2011
</td>
<td valign="top" width="104">
1yr change 2012
</td>
<td valign="top" width="104">1yr change 2011</td>
</tr>
<tr>
<td valign="top" width="111">
Gold Coast
</td>
<td valign="top" width="94">
$465,000
</td>
<td valign="top" width="76">
+1.1%
</td>
<td valign="top" width="95">
$465,000
</td>
<td valign="top" width="104">
$480,000
</td>
<td valign="top" width="104">
-3.1%
</td>
<td valign="top" width="104">-4.8%</td>
</tr>
<tr>
<td valign="top" width="111">
Sunshine Coast
</td>
<td valign="top" width="94">
$429,000
</td>
<td valign="top" width="76">
-0.2%
</td>
<td valign="top" width="95">
$432,050
</td>
<td valign="top" width="104">
$445,000
</td>
<td valign="top" width="104">
-2.9%
</td>
<td valign="top" width="104">-5.3%</td>
</tr>
<tr>
<td valign="top" width="111">
Brisbane City
</td>
<td valign="top" width="94">
$510,000
</td>
<td valign="top" width="76">
+0.4%
</td>
<td valign="top" width="95">
$510,000
</td>
<td valign="top" width="104">
$512,000
</td>
<td valign="top" width="104">
-0.4%
</td>
<td valign="top" width="104">-5.2%</td>
</tr>
</tbody></table>
Source: REIQ
REIQ CEO Anton Kardash said the latest quarterly result demonstrated that the second half of 2012 was one of improvement.
“This is the second consecutive quarter where the market has exceeded expectations,” he said.“Historically the December quarter is quieter than the September quarter- and we did have a very strong September quarter last year - but what these figures are showing us is that buyers continue to be more active than the year before.
The REIQ also reported increased buyer activity in Queensland’s tourism centres with the numbers of house sales up 27% on the Sunshine Coast and 19% on the Gold Coast compared to the December 2011 quarter.
“Buyers are once again looking at our beautiful tourism regions, perhaps attracted by the lower price-points that are now available in some of these areas,” says Kardash.
REIQ Gold Coast zone chair John Newlands said the positive results show signs that the housing market on the Gold Coast is now in a period of stabilisation.
“Recovery appears to be on its way with both the lower end and prestige markets performing well over the quarter,” he said.
Commenting on the Sunshine Coast, zone chair Lloyd Edwards said market conditions generally are faring well, with a very upbeat and positive sentiment in the marketplace.
"We are seeing more completed sales, most likely due to buyers being frustrated by the tight rental market conditions in the region," he said.
“The month of December saw uncharacteristically high activity despite the dramatic decrease in properties coming onto the market as interest rates reduced their holding costs.
"The beach community of Buddina appears to be back in favour with buyers with its median house price increasing by 14.9% over the year ending December, possibly attributed to the varying number of waterfront properties sold.
A year ago <a href="https://www.propertyobserver.com.au/queensland/sunshine-coast-mayor-slams-kochie-for-catastrophic-warning-to-property-investors/2012012353114" target="_blank">Sunrise presenter and finance guru David Koch and his wife Libby</a> outraged Gold Coast and Sunshine Coast estate agents and developers by describing the two South East Queensland coast markets as “catastrophes” He said an oversupply of apartments on the Gold Coast and Sunshine Coast was “nothing short of devastating” and that it would be years before there would be any sort of recovery.
Coastal Queensland estate agents took to the parochial local newspapers to vent their anger at Kochie.
But he remained unfazed, responding with a <a href="https://kochie.com.au/20120129527/why-gold-coast-real-estate-agents-are-the-worlds-supreme-optimists-or-loose-with-the-truth">barrage of real estate data</a>, including quoting figures from RP Data showing that Gold Coast house prices had fallen 15.1% from their peak in March 2010, with units were down 15% from December 2011 quarter.
On the Sunshine Coast, he said, house prices were down 13.9 % from their peak in December 2009 with units falling even further, down 16% from their peak in March 2010.
The figures out today from the REIQ suggest the worst may has passed for these two markets, though early indications about the Gold Coat unit market suggest falls will be greater than those experienced in the detached housing market.
Figures released in the December quarter Prodap report, which looks at new housing,says Gold Coast house prices fell by 4.5% over 2012 with units down 7.3%.
Bill Morris, author of the Prodap Report, said he had not seen such a grim picture of the new housing production market since the 1981-82 recession.
The problem for the Gold Coast land market, said Morris, was that “established houses are cheaper and in many cases better located than new houses”.
“In other words, replacement costs are higher than the price of older homes,” he said.
REIQ figures till the end of September 2012, record a 5.5% decline in the median price of Sunshine Coast units to $325,000, with Gold Coast City units down 2.8% to a median of $330,000
Residex provides a collective Gold Coast unit figure in its regional property update.
It records that Gold Coast unit prices fell 4.34% for the year to October to a median value of $325,000.
As a point of comparison, country Queensland unit values fell by less than half of that - down only 1.95% over the same period to a median of $278,500.
However the Gold Coast unit price correction in 2012 was less than half the 8.74% fall recorded over the previous 12 month period to October 2011, suggesting the market may be close to bottoming out.
RP Data has Surfers Paradise unit prices down 2.8% over 2012, but Broadbeach units up 2.3%.
These suggest modest price corrections over 2012.
Telling though, sales volumes continued to fall steeply, indicating the market remains severely depressed in terms of sales activity.
This most likely reflects a disconnected market with vendors unwilling to set realist price expectations (and take a loss on their investments) combined with buyers in search of an expecting to secure big discounts off the previous selling price.
RP Data records 728 unit sales in Surfers Paradise in 2012, a 12% decline compared with the already low figure of 831 sales recorded in 2011.
Putting this in context, RP Data recorded 2,359 sales on Surfers Paradise in 2007 – that’s more than three times as many as there were last year.
Sales picked up a little on Broadbeach – rising from 295 in 2011 to 317 in 2012 – but this is less than half the 714 sales recorded in 2007 before the GFC began to bite.
Certainly new and off the plan apartment sales on the Gold Coast remain very weak.
The November quarter Midwood Report reported on a deeply troubled Gold Coast apartment market with developers reporting only 19 high-rise apartment sales over the November quarter, a 70% plunge from sales figure a year ago, according to the latest Midwood Report.
Quarterly sales figures were more than double the paltry eight sales recorded in the August quarter, but just a fraction of the 73 sales recorded in November quarter of 2011.
In total there are 705 high-rise apartments available for purchase on the Gold Coast, which at current sales rates would take close to a decade to clear.
The Midwood report classifies high-rise sales as those developments of 40 storeys and higher.
All but three of the sales over the quarter were in the Brookfield Multiplex-constructed $700 million Hilton Surfers Paradise (pictured below), following prices being reduced by up to a third.
There were no sales reported in the two other major high-rise apartments – Niecon’s Oracle and Juniper’s Soul, both of which are in the hands of receivers.
Midwood records 47 unit sales on the Sunshine coast over the November quarter with 40 of these sales occurring at Saltwater, being developed by RGD Property group in Birtinya with prices starting from $360,00 for a one bedroom apartment. 38 units remain up for sale.
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lschlesinger-FZcF9M3vE6

David Koch “catastrophe” comments revisited: Gold Coast and Sunshine Coast house prices record modest declines in 2012

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A striking 1957 two-level Toowong brick house – designed by immigrant architect Vitaly Gzell – has been sold.
Exuding 1950s style, the refurbished house retains its original solid structure.
It has had a contemporary renovation of the kitchen and bathrooms.
Set on 658 square metres, <a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house-toowong-qld-4066/174775" target="_blank">it was sold by McGrath agent Gabrielle Trickey for $1,135,000</a>.
"It was spacious, quiet and generous," she said.
Listed in October last year with $1,265,000 hopes, the Herbert Street house had last sold at $1.1 million in 2010.
It had previously sold in 2000 at $320,000 and $235,000 in 1993.
The marketing says the house appeared in the 1959 book, Buildings of Queensland, published by the Royal Australian Institute of Architects, Queensland chapter.
It doesn't, however, appear with the collection of papers relating to <a href="https://www.library.uq.edu.au/fryer/ms/uqfl227.pdf" target="_blank">47 projects </a>by Vitaly Gzell held by the University of Queensland.
Writer David Malouf once wrote that "Gzell was largely unknown on the world stage but contributed many distinguished buildings."
"Working within an honest everyday modernism which was both appropriate to the terrain but also nudged architecture forward here, within a very conservative climate," <a href="https://www.cityofsound.com/blog/2007/08/hear-that-rain" target="_blank">he blogged</a>.
<div class="detailText"></div>
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jchancellor-FAypfDUnLy

Modern 1950s Queensland gem sells

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Eight consortiums have lodged expressions of interest with the Queensland government to build on state-owned land at the Broadwater on the Gold Coast.
Most plans include a casino as part of the proposal. The Broadwater Marine Project is a joint initiative of the Queensland Government and Gold Coast City Council seeking private sector investment to deliver what could be the largest integrated tourism infrastructure development in Queensland’s history. The project seeks delivery of a cruise ship terminal on state government-owned land on The Spit or on Wave Break Island in the Broadwater.
In addition to the terminal, the potential multi-billion dollar integrated tourism project could include hotel, casino, marina and super yacht facilities, retail, entertainment, hospitality, community open space, recreation facilities and a mix of residential development. A Gold Coast cruise ship terminal and associated tourism infrastructure have the potential to boost tourist visitation, increasing expenditure into the state and local economies and creating jobs.
The Chinese-backed development company Ridong is the first to confirm its interest.
All the applications include a cruise ship terminal at the request of the Gold Coast City Council as a "value add" for the city's tourism industry.
The Gold Coast Bulletin reported that of the eight, four are Asian, along with a Middle Eastern company.
Sources close to the project say it is not viable without the development of a casino.
RDG boss Steven Haggart confirmed the Chinese-backed development company was one of the parties.
The land on offer was Wavebreak Island and parts of The Spit, including land immediately to the north and south of Sea World Nara.
"We have put forward a plan for the Broadwater which has 10 game-changing developments on it," said Mr Haggart, whose company is behind the $1 billion Jewel, Surfers Paradise resort.
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Eight bids for Broadwater Gold Coast cruise ship development site

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Property investors need to be constantly vigilant with their research, particularly when local events can quickly change market dynamics. 
Bowen, a bright and busy regional centre in Queensland boosted by agriculture, fishing, tourism and mining, provides a stark example. It has a strong future, but in the short-term its market is likely to decline. 
Almost overnight, vacancies have gone from low to very high. Late in 2012, vacancies were well below 3%. In mid-February, they’re around 18%, according to local estimates. 
<img src="/images/stories/2013/02/bowenmap.jpg" width="272" height="358" alt="bowenmap"> 
How did that happen? <a href="/news">Bowen</a>, until recently, was busy with construction work, some of it re-construction work from recent storms and some of it new residential buildings. 
Lots of builders were in town and the small crop season was in full flight, which meant there were seasonal workers renting. There was also demand from people working in coal mines in the region. 
Lately, a series of adverse events have coincided. The construction projects and the small crop season have ended, while coal mines have downsized. Lots of workers have left town, at a time when the new residential buildings have added to the level of investor stock. 
Tony Doyle, principal of LJ Hooker Bowen, says Bowen has copped a triple whammy. 
“All of a sudden we have an enormous vacancy rate,” he says. “There are 224 vacancies in Bowen advertised by all agents – which means 18% or 19%, which is unheard of in Bowen.” 
In the circumstances, a decline in rents and prices in inevitable. But it’s likely to be short term. Bowen has a lot of big things on the medium-term horizon, because the Abbot Point export facility sits just outside the town. 
Multiple billions of dollars will be spent on new rail links from the emerging Galilee Basin coal mining province and on expansion of Abbot Point facilities. There will likely be action on those projects in the third or fourth quarters of the year. 
Major investors include the two Indian entities gearing up to spend around $10 billion each establishing coal mines, rail links and export facilities in Queensland – Adani and GVK. Adani has already invested $1.9 billion in a 99-year lease over the X50 Abbot Point Coal Terminal. 
Others with interests in an expanded Abbot Point include BHP Billiton and Gina Rinehart’s Hancock Coal. 
“We have some great things coming up, but it’s happening very slowly,” Doyle says. “It’s frustrating.” 
In the meantime, if you believe Bowen has a solid future, there may be opportunities to buy well in this market. 
Currently the median house price is around $350,000, largely created by an upturn in the four to five years leading up the 2007. I’d be expecting that to drop a little over the next six months or so.
Terry Ryder is the founder of <a href="https://www.hotspotting.com.au/" rel="nofollow" target="_blank">hotspotting.com.au</a> and can be <a href="https://www.twitter.com/hotspotting" rel="nofollow" target="_blank">followed on Twitter</a>.
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terryryder-YECXbqmri2

Why now could be the time to buy in Bowen: Terry Ryder

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Transport company owner Peter Smith has listed his home on the Isle of Capri. The property at 31-33 The Corso will be auctioned March 17 through McGrath agents John Natoli and James Ledgerwood.

Peter Smith was the buyer when <a href="https://www.mcgrath.com.au/buy/house-southport-qld-4215/168449/?searchID=26362426" target="_blank">Alston, the $9.8 million Southport mansion </a>sold under bank instructions.

The businessman started his trucking business in the 1960s with a Bedford truck and went on to form Cubico, which was sold to multinational Mayne Nickless.

[smartcode_project:default project_id=29916]

In 1974 Smith started SCT (Specialised Container Transport) and built it into a national logistics operation. It offers road, rail, sea, refrigerated transport, contract warehousing, distribution, and contract management services. In September 2010 Specialised Bulk Rail was formed as a subsidiary to haul iron ore from Calm Hill Mine for IMX Resources.

<a href="https://www.mcgrath.com.au/buy/house-isle-of-capri-qld-4217/176321/?searchID=26362389" target="_blank">His three-level riverfront house comes with five bedrooms and six bathrooms, plus a five-car basement garage.</a>

It cost $5.6 million in 2005 with Smith then demolishing the existing home and building a new home designed by leading Gold Coast architect David Denham. The home, of about 160 squares, was completed in 2006.
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Transport entrepreneur Peter Smith lists on Isle of Capri

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The Gold Coast home of international footballer Craig Moore has been sold for $1.9 million.
It's the property he built on Hope Island. The 1,006-square-metre property, which has direct access to the broadwater, has a pontoon for a large boat.
It also features a games room with a built-in bar, an outdoor kitchen and 12-metre pool with a spa. The house was sold to a Gold Coast couple who have lived in the Hope Island area previously and wanted to move back there from The Sovereign Islands.
Moore captained Australia’s Olympic soccer team in 2004 and played with the Socceroos in the 2006 and 2010 World Cups.
His five-bedroom waterfront home had been tipped by its <a href="https://www.mcgrath.com.au/buy/house-hope-island-qld-4212/171809/?searchID=25664384" target="_blank">McGrath listing agent Philip Chillemi </a>to sell for between $1.6 to $2 million.
Chillemi said there was wide interest in the house, with potential buyers from both interstate and overseas. After about 50 people went through the house during open for inspections, there were four bidders at the auction. The house was sold to a Gold Coast couple, who have previously lived in the Hope Island area previously and wanted to move back there from The Sovereign Islands.
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Ex-Socceroo Craig Moore sells Gold Coast home

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People are doing more than just looking for whales at Hervey Bay, they’re buying houses as well.
Sales picked up for the third consecutive six month period to September 2012 in the Fraser Coast coastal town, about three hours north of Brisbane,  according to a new research report from PRDnationwide.
Activity is expected to rise again in 2013 although house prices won’t start to rise until excess apartment stock priced under $300,000 is sold.
PRDnationwide researcher, Rob Matta, says a price point analysis undertaken for the Hervey Bay house market indicates 49% of sales recorded for the September 2012 period were below $300,000, compared to 29% in September 2010 period.
“Increased activity in the sub $250,000 price range substantiates a notable change in buyer preferences, with many owner occupiers and investors exploiting opportunities to buy well and add value to somewhat tired properties,” says Matta.
“Houses within this price range have traditionally been overlooked by buyers, resulting in lengthy stints on the market. Current on-the-market evidence confirms that these properties have become the fastest to move throughout 2012, as buyers respond to diminishing stock levels at the lower end.”
According to Matta, the absorption of limited stock under $250,000 will eventually stabilise the median house price from further softening in 2013, as buyers shift back to higher price brackets and mortgagee sales become less prevalent.
“The increase in sales activity and firming of median price for the suburb of Pialba over the September 2012 period is further evidence of buyer’s increased appetite for affordable housing in what has become a competitive market.”
The heavily tourism-dependent town has, like other Queensland coastal markets suffered from the effects of the post-GFC fallout including the high-Australian dollar which has seen more Australians take overseas trips than travel domestically in the last five years.
Matta says the Hervey Bay Area unit market continues to demonstrate a sound level of sales, having recorded 97 settled transactions during the September 2012 period, a marginal difference from the previous March period.
“With the current oversupply of apartment stock in the market, it is expected that prices may experience further corrections throughout 2013, with sales volumes likely to maintain resilience at best,” he said.
“With that being said, there has been a greater level of interest for duplexes and smaller unit complexes which could experience modest growth over the year and compensate for weaker apartment sales.”
However, demand for more expensive apartments remains weak with “notably less enquiry for units in the higher end of the market compared to two years ago”.
Matta says the availability of stock on the market providing would-be buyers with many options and enhanced bargaining power.
A similar assessment of the Hervey Bay market is made by Herron Todd White (HTW) in its February month-in-review report.
HTW expects that over the next twelve months the Fraser Coast residential property market is “expected to experience a stabilisation period where prices will remain steady, however further retraction may still take place for higher end stock (above $450,000).
“Demand for property below $350,000 will continue to provide a large percentage of sales with affordability being a key factor in this price range.
“It is anticipated that the unit market will continue to flounder over the next year, with only minimal demand in this sector.
“Rental accommodation is expected to remain tight, with low vacancy levels particularly for dwellings close to schools and the beach," says HTW.
The regional market is also benefiting from infrastructure investment with the commencement of construction of the new $87.5 million private hospital in Urraween, which HTW says will generate around 300 construction jobs and a similar number of healthcare positions.
The $28 million Splash Bay water park has recently been approved by the local council and is due to be completed by Christmas 2013.
Hervey Bay, principal of PRDnationwide Hervey Bay, Jim McKay, Hervey Bay says higher rents are enticing investors back as well while owner-occupiers are attracted by the affordable prices and lifestyle.
“Our lifestyle here is casual and just great. The locals are friendly and come from all over the place, so there’s a great mix of backgrounds. Look out across the Esplanade at the beach and the crystal clear water and that’s the reason people just don’t want to leave,” he said.
For more hot spot opportunities, sign up for tomorrow’s free Property Observer webinar with hotspotting.com.au’s Terry Ryder, as he examines the next Gladstone-like property investment hotspots. <a target="_blank" href="https://propertyobserver.us2.list-manage.com/track/click?u=24bd0766a834290948593f5aa&amp;id=173a01f3bf&amp;e=add64da266">Sign up here for Terry's free webinar on Tuesday, February 12 at 12.30</a>
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Prospects pick up for Hervey Bay as properties under $300,000 begin to sell and rental vacancies tighten

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News Limited  is to sell the headquarters of its publication Brisbane News.
The managing director of News Queensland, Jason Scott, sent an email to staff on the group's decision to sell 39 Mayne Street, Bowen Hills.
Ray White special projects agents Mark Creevey and Tony Williams inconjucntion with John Dwyer of Ray White Commercial have been instructed to sell the property.
There are reported $10 million plus expectations.
At one stage News considered listing its main Bowen Hills headquarters which has since been refurbished.
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News Limited list secondary Brisbane property with $10 million plus expectations

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The luxury architecturally designed Hedges Avenue, Mermaid Beach home of troubled Gold Coast developer Bruce Tilley sold for $5 million at the Ray White Surfers Paradise Group’s annual prestige auctions.
Property Observer <a href="https://www.propertyobserver.com.au/queensland/no-expenses-spared-mermaid-beach-property-hits-the-market/2012052254803" target="_blank">reported the listing in May last year</a>.
{yoogallery src=[images/stories/may23mermaid]} 
Tilley held the house (pictured above) through Hedges Avenue Pty Ltd, and receivers Andrew Fielding and David Whyte were appointed to take control of the company in October last year.
The house was built two years ago after Tilley paid $1.4 million for the 405-square-metre landholding in 2000.
The replacement cost of the property, which has just two bedrooms and a study, has been estimated to be as high as $10 million.
The 20th annual prestige auction event over the week experienced an 80% clearance rate and more than $32 million in sales.
“The sales under the hammer of such high quality properties and the strength of bidding (84 bidders) shows that people have identified that now is the time to make their move on blue chip properties on the Gold Coast,” says RWSP Group’s chief Andrew Bell.
“Bidding was very robust and the prices achieved on most of the properties were a very positive sign. “
“Most of the sales surpassed vendor expectations,” says Bell.
However it was not a happy ending for all, with the Bellagio La Villa – a sprawling estate at Tallebudgera – passed in at $5 million.
{yoogallery src=[images/stories/2013/01/jan18bellagio]}
Bellageio La Villa (pictured above) is home to horse racing enthusiast and property developer Paul Sweeney and his wife, Viki Farrar.
The Sweeneys' luxury home features 10 ensuited bedrooms, plus multiple living areas, a library, media and music rooms, a gym, and indoor pool and spa.
Bell said negotiations would continue with a number of parties interest in the properties.
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