<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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Leading Sydney estate agent John McGrath says Brisbane buyers are increasingly swayed by the proximity of cafe culture to potential properties.
He says the desire for the cafe lifestyle is one the strongest trends attracting buyers.
“While affordability will always be a factor in our property decisions, lifestyle is the fundamental key in our marketplace today,” McGrath wrote on Switzer.
He says cafe culture is an affordable alternative to beach culture traditionally sought after by buyers.
He quotes statistics which says over-65s are leading the trend towards spending more time in cafes. They have doubled the visits they make to cafes since 2008. Next is the under-25s who have increased their visits by a third.
“Given the strength of this trend, it’s no wonder that properties within walking distance of the local café village are increasingly on buyers’ ‘must have’ lists.,” McGrath wrote.
“I think this is particularly so among buyers living on their own in smaller properties. Living alone is a growing trend in Australia and the opportunity to stroll up the road to visit their favourite café for a coffee or a meal is particularly important to them.”
He gives a list of nine areas in Brisbane sought after by buyers seeking a cafe culture.
He recently opened up his <a href="https://www.propertyobserver.com.au/industry-news/mcgrath-estate-agents-opens-another-brisbane-office/2013022559555" target="_blank">fourth McGrath Brisbane office</a> in nine months. Three of his strategically position office locations actually feature on his Brisbane hotspot list.
<a target="_blank" href="/news">The Valley</a>
<a target="_blank" href="/news">Kelvin Grove</a>
<a target="_blank" href="/news">Ascot &amp; Hamilton</a>
<a target="_blank" href="/news">New Farm</a>
<a target="_blank" href="/news">Bulimba &amp; Bayside</a>
South Bank
<a target="_blank" href="/news">West End</a>
<a target="_blank" href="/news">Toowong</a>/<a target="_blank" href="/news">St Lucia</a>/<a target="_blank" href="/news">Chapel Hill</a>
<a target="_blank" href="/news">Paddington</a>/<a target="_blank" href="/news">Rosalie</a>/<a target="_blank" href="/news">Milton</a>
He also published a list of <a href="https://www.propertyobserver.com.au/hotspots/john-mcgraths-nine-cafe-society-home-buying-hotspots/2013042960823?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=news" target="_blank">Sydney cafe culture hotspots</a>.
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John McGrath’s nine cafe culture home hotspots in Brisbane

<html><body>Australian Property Monitors (APM) has released a list of auction results in Brisbane for the weekend of  April 27. <a target="_blank" href="https://www.homepriceguide.com.au/saturday_auction_results/Brisbane.pdf" rel="nofollow" style="font-size: 14px;">Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

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APM's Brisbane auction results for April 27 weekend

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The historic Queensland town of Grandchester, with barely a population of 500, has been identified as an investment hotspot with property prices set to double in 10 years, according to RP Data.

Located 80 kilometres west of Brisbane in the Lockyer Valley region, the town leads the Queensland list with a compounding growth rate of 7.7% over the past five years. 
The rural village boasts several heritage-listed sites such as the Grandchester Steam Timber Mill, one of the last known surviving (and still functioning) steam-powered sawmills in Australia and the Grandchester Railway Station, featuring the first narrow gauge mainline railway in the world. 
Originally known as Bigge’s Camp, the tiny township gained prominence after becoming the temporary terminus of Queensland’s first railway line from Ipswich in 1865. 
Grandchester was eventually renamed by Governor Bowen and now has the oldest railway station in Queensland as listed by the National Trust. 
Despite opportunities for good returns in property investment and country living, the town has experienced a significant drop in population since 2006, previously recorded at 735.
The 2011 ABS report recorded that 43.6% of homes are fully owned, 42.4% have mortgages and 9.1% of homes are rented. 
Currently available on the market are several properties including a freshly renovated three-bedroom, one-bathroom property situated on <a href="https://www.realestate.com.au/property-acreage+semi+rural-qld-grandchester-113416255">1776 square metre block</a>, with a new water tank with an asking price of $262,000.
A three-bedroom, one-bathroom property, which sits on a <a href="https://www.realestate.com.au/property-lifestyle-qld-grandchester-7519383">30.35 hectare block</a> complete with a shed, water tank and greywater system is listed for $420,000.
A two-bedroom, two-bathroom colonial style home, self-sufficient with with solar power and rainwater tanks, sits on an <a href="https://www.realestate.com.au/property-acreage+semi+rural-qld-grandchester-111502503">8.5 hectare block</a> with a large garden shed with an asking price of $339, 900.
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Grandchester, the town that leads Queensland with a compounding growth rate of 7.7% over the past five years

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The collapse of Gold Coast mortgage fund manager and property developer LM Investment Management (LMIM) has reached as far as Malta, with the country’s financial markets watchdog launching an investigation into the sale of securities to local investors.
The Malta’s financial services regulator (MFSA) is currently examining complaints from investors of alleged miss-selling by the company, it told online journal, <a href="https://www.international-adviser.com/home" target="_blank">International Adviser</a>.
The regulator will also examine how LMIM securities were sold in Malta.
LMIM collapsed in March leaving small investors and overseas investors facing cumulative exposures totalling around $740 million.
Investments in LMIM’s various mortgage funds were sold to overseas investors via financial intermediaries.
LM said it sold investments in its funds to 73 countries including Canada, the UK, South Africa and Israel.
Maltese press reports say 631 Maltese investors have invested more than €14 million (A$17.6 million) in two Australian property-linked funds administered by LMIM.
Most of the $350 million raised for the flagship LM Managed Performance Fund (LMPF) was raised from overseas investors.
KordaMentha and its affiliate firm Calibre Capital were recently appointed joint trustees of the LMPF following a Supreme Court of Queensland appointment.
The principal asset of the fund is an <a target="_blank" href="https://www.propertyobserver.com.au/developments/irregularities-suspected-in-lmim-s-maddison-estate-mortgage-fund-reports/2013040160117">investment in Maddison Estate</a>, a large proposed residential development on the Gold Coast which has recently been the subject of debate about its value.
<a target="_blank" href="https://www.propertyobserver.com.au/residential/jamie-durie-s-garden-designs-wilt-as-gold-coast-mortgage-fund-manager-lm-investment-management-placed-in-voluntary-administration/2013032459976">John Park and Ginette Muller were appointed voluntary administrators of LMIM on March 19</a>.
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Gold Coast's LMIM mortgage fund collapse reaches Malta as regulator launches probe

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The Brisbane suburbs with the top yields for houses could earn investors a 6.2% gross yield, according to the Real Estate Institute of Queensland.
Durack and Inala – postcode 4077 – top the list of Brisbane suburbs with high yields at 6.2%.
Property Observer completed a brief survey of the suburbs to see the reality on the ground. Most yields came close though yields in Wakerley were somewhat below published figures.
Brisbane suburbs rank quite low compared to the rest of Queensland. The top Brisbane locality is beaten by 23 other localities in Queensland.
The median sale price in the locality is $283,804 with a median weekly rent of $337, according to the REIQ.
According to RP Data, median prices in <a target="_blank" href="/news">Durack</a> and <a target="_blank" href="/news">Inala</a>, in the outer south west, dropped 2.4% and 4.6% respectively.
A four-bedroom, two-bathroom house at <a target="_blank" href="https://www.realestate.com.au/property-house-qld-durack-112515023">12 Dongola Street, Durack</a> (pictured below) is listed for sale at $575,000. The house is currently leased at $750 per week giving a potential gross yield of 6.78%.
<img src="/images/stories/2013/04/brisbaneapril23one.jpg" width="470" height="346" alt="brisbaneapril23one">
It is being sold by agent Linh Vo from Ray White.
A three-bedroom house at <a target="_blank" href="https://www.realestate.com.au/property-house-qld-durack-111547215">4 Briset Street, Durack</a> is under contract after being listed for sale at $265,000. It currently rents at $270 per week giving a potential gross yield of 5.3%.
It is being sold by Thu Van from Brisbane Real Estate.com.au.
A three-bedroom house at <a href="https://www.realestate.com.au/property-house-qld-inala-108051601'" target="_blank">10 Monoceros Street, Inala</a> (pictured below) is listed for sale at $269,000. Agent Matt Moran from Ray White markets the property as having $300-plus per week rent potential giving a potential gross yield of up to 6%.
<img src="/images/stories/2013/04/brisbaneapril23two.jpg" width="470" height="316" alt="brisbaneapril23two">
According to the ABS, postcode 4077 has a population of 25,157 people with a strong immigrant population. According to the 2011 census, 57.7% of respondents have both parents born overseas and 23% recorded Vietnamese as their language spoken at home.
<a target="_blank" href="/news">Bald Hills</a>, number two on the list, has gross yields of 5.5% according to the REIQ.
The median price in the outer northern suburb is $365,000 and the median weekly rent is $387. According to RP Data, the median price increased 1.8% last year.
A four-bedroom house at <a target="_blank" href="https://www.realestate.com.au/property-house-qld-bald+hills-113075491">11 Portico Place, Bald Hills</a> was listed for sale at $340,000. In March it was advertised for rent at $355 per week giving a potential gross yield of 5.43%.
It was being sold by David Kopelke from Ray White.
A three-bedroom house at <a target="_blank" href="https://www.realestate.com.au/property-house-qld-bald+hills-112127015">125 Miles Street, Bald Hills</a> (pictured below) is listed for sale at $395,000. In May last year it was advertised for rent at $380 per week, giving a potential gross yield of 5%.
<img alt="brisbaneapril23three" height="349" width="470" src="/images/stories/2013/04/brisbaneapril23three.jpg">
It is being sold by Carl Calio from Calio &amp; Scott.
<a target="_blank" href="/news">Wakerley</a>, in the outer south east, has yields of 5.4%, according to the REIQ. The median price is $529,250 and the median weekly rent is $547.
According to RP Data, the median price dropped 3.2% in the last year.
A four-bedroom house at <a target="_blank" href="https://www.realestate.com.au/property-house-qld-wakerley-113261135">13 Lexey Crescent, Wakerley</a> is listed for sale at $495,000. It is currently leased at $470 per week giving a potential gross yield of 4.94%.
It is being sold by Debbie Evans from livinghere.
A three-bedroom house at <a target="_blank" href="https://www.realestate.com.au/property-house-qld-wakerley-113368203">612 Manly Road, Wakerley</a> is listed for sale at $379,000. It currently rents at $300 per week giving a potential gross yield of 4.12%.
It is being sold by Tony Dean from James Dean Residential.
Click to enlarge
<a rel="shadowbox" href="/images/stories/2013/04/brisbaneapril22one.gif" title="Click to enlarge"><img src="/images/stories/2013/04/brisbaneapril22onethumb.gif"></a>
Source: REIQ
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Durack and Inala top the REIQ Brisbane's 12 highest yielding suburbs for housing investment

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Another portion of Sir Graham McCamley’s rural empire in central Queensland has been listed for auction.
Two aggregations of 15,186 hectares and 46,184 hectares have been listed for sale through Elders Real Estate Rockhampton.
The listings include Tarrus, Royles, Oakleigh, Stoodleigh, Tanderra and Glenprairie estates.
They go to auction on June 5 in Rockhampton.
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McCamley lists more of his rural empire

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Investors in the Gold Coast can earn yields of up to 6.4% on units, according to data by the Real Estate Institute of Queensland.
Units in <a href="/news">Upper Coomera</a> have a median price of $270,000 and a weekly rent of $335 giving gross yields of 6.4%, according to the REIQ.
According to RP Data, the median price for units dropped 18.4% in the last year.
Online real estate unit listings are few and far between for the suburb. According to the 2011 census, there are 7,128 dwellings in Upper Coomera, but 82.5% of those were houses.
A three-bedroom unit at <a href="https://www.realestate.com.au/property-unit-qld-upper+coomera-113377803" target="_blank">10/8A Clydesdale Drive Upper Coomera</a> (pictured below) is listed for sale at $270,000 to $300,000. It currently rents at $360 per week giving a potential gross yield of 6.93%.
<img alt="coomeraapril22one" height="307" width="470" src="/images/stories/2013/04/coomeraapril22one.jpg">
A four-bedroom townhouse at <a href="https://www.realestate.com.au/property-townhouse-qld-upper+coomera-112148839" target="_blank">96/1 Sauvignon Parade Upper Coomera</a> sold in February for $260,000. It was advertised for rent at $385 per week in November giving a potential gross yield of 7.7%.
Units in Merrimac and Robina – postcode 4226 – have gross yields of 6.2%, according to the REIQ. The median price in that postcode is $340,814 with a median weekly rent of $403.
A one-bedroom retirement unit at <a href="https://www.realestate.com.au/property-retirement+living-qld-merrimac-112843583" target="_blank">304/5 Bourton Rd Merrimac</a> is listed for sale at $125,000. It is currently rented at $350 per week giving a potential gross yield of 14.56%.
A three-bedroom unit at 10/23 Bourton Road Merrimac sold in November for $307,000. It was listed for rent at the same time for $385 per week giving a potential gross yield of 6.52%.
A three-bedroom unit at <a href="https://www.realestate.com.au/property-unit-qld-robina-111741935" target="_blank">33/12 Promenade Avenue Robina</a> is listed for sale at $375,000 to $399,000. It currently rents at $410 per week giving a potential gross yield of 5.69%.
A two-bedroom unit at <a href="https://www.realestate.com.au/property-apartment-qld-robina-109337956" target="_blank">117/25 Lake Orr Drive Robina</a> is listed for sale at $200,000. It currently rents at $400 per week giving a potential gross yield of 10.4%.
And Oxenford, in the west, has yields of 6.1%, according to the REIQ. It has a median price of $260,000 and a median rental of $305.
A three-bedroom unit at <a href="https://www.realestate.com.au/property-unit-qld-oxenford-112741787" target="_blank">23/1-2 Carnarvon Court Oxenford</a> (pictured below) is listed at $280,000. It currently rents for $360 per week giving a potential gross yield of 6.69%.
<img alt="coomeraapril22two" height="346" width="470" src="/images/stories/2013/04/coomeraapril22two.jpg">
A two-bedroom unit at <a href="https://www.propertyobserver.com.au/https://www.raineandhorne.com.au/financial/properties/259246" target="_blank">2/14 Illusion Court Oxenford</a> sold for $227,000 on February 6. It was advertised for rent at $310 per week giving a potential yield of 7.1%.
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Upper Coomera units offer highest yield prospects amid top eight Gold Coast suburbs

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Property tycoon Donald Trump’s outrider says Queensland's Gold Coast needs to lift its game if it hopes to attract more premium tourism.
Trump International senior vice-president for global hotel development and acquisitions, Todd Wynee-Parry is currently in Australia sizing up opportunities.
But it's not looking likely.
“I think [the Gold Coast] needs to rethink its development strategy and designate some proper resort sites," he told Fairfax Media.
"The Gold Coast is a gorgeous beach with no world class resorts actually on the beach.”
Mr Wynne-Parry is speaking at the Tourism &amp; Transport Forum’s 2013 Outlook Conference in Sydney where the Trump group has given fleeting interest to developing a prestige hotel and apartment Trump Tower at Sydney’s <a href="https://www.propertyobserver.com.au/new-south-wales/paul-keating-urges-james-packer-to-reconsider-barangaroo-hotel-and-casino-but-definitely-keep-it-off-the-grass/2012022853608" target="_blank">Barangaroo</a>.
But Australian gambling tycoon James Packer has a near monopoly on that ambition.
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Donald Trump's senior vice president says the Australian Gold Coast needs to lift its game to attract premium tourism

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Ray White Surfers Paradise Group secured more than $5 million in sales at their Autumn auction on the Gold Coast last Sunday.
Some 28 properties went under the hammer with 16 sold, reflecting a clearance rate of 57%.
The highest priced sale included an acreage dwelling in <a href="/news">Helensvale</a> which sold for $1.1 million.
The main home includes three bedrooms plus a study and a family room with a wet bar. The 4,318-square-metre riverfront property last sold in 2004 for $720,000.
Another sale was a 14th floor apartment in the Surfers Paradise block, Surfers Manhattan, which sold for $980,000 through Tolemy Stevens from Ray White Prestige.
The unit (pictured below) occupies half of the 14th floor and features three bedrooms and two bathrooms.
<img src="/images/stories/2013/04/surfersapril19one.jpg" alt="surfersapril19one" width="470" height="300">
Surfers Manhattan is a residential building only, with no holiday letting allowed.
The apartment last sold in 2009 for $970,000 and $1.05 million in November 2004, suggesting prices continue to bounce along the bottom.
<img src="/images/stories/2013/04/surfersapril19two.jpg" alt="surfersapril19two" width="470" height="312">
The most recent sale at Surfers Manhattan was $1,565,000 for the 350 square metre whole floor on the 17th floor. It had previously sold at $105 million in 1997 and at $1.1 million in 1994.
The prestige properties sold last weekend by Ray White Surfers Paradise almost totalled $20 million.
“The result follows prestige sales very strong week of sales in the prestige segment of the market,” says Ray White Surfers Paradise CEO Andrew Bell.
“This reinforces a strong sales trend in the first quarter across the Ray White Surfers Paradise Group, with sales result in keeping with the best market in Australia.”
 Bell says inspection volumes are also very high this year, which shows there are more people looking to get into the market.
“Buyer confidence is improving and coupled with lower than usual supply levels is creating greater competition for properties,” says Bell.
There were 103 registered bidders at the auction.
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Ray White Surfers Paradise secures competitive auction clearance rate as prices bounce along the bottom

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Investors in Queensland stand to earn yields of up to 6.4% on Brisbane units, according to statistics released by the Real Estate Institute of Queensland.

The top ten yielding postcodes for units in Brisbane are led by Brisbane City along with Moorooka and Greenslopes - all with a gross yield of 6.4%.

The median price in postcode 4000, which includes Brisbane City and <a target="_blank" href="/news">Spring Hill</a>, is $438,057 with rents at $542.
Click to enlarge
<a href="/images/stories/2013/04/reiqapril18one.gif" rel="shadowbox" title="Click to enlarge"><img src="/images/stories/2013/04/reiqapril18onethumb.gif"></a>
Property Observer undertook a survey of current rental listings to ascertain the actuality of the statistically derived figures with the live marketplace. The random results suggest a correlation, with perhaps the weakest being Greenslopes.
In Brisbane City a two-bedroom, two-bathroom unit in <a target="_blank" href="https://www.realestate.com.au/property-apartment-qld-brisbane+city-113556795">347 Ann Street</a> (pictured below) is listed for sale in the mid to high $400,000s. It currently rents via a corporate letting firm for $540 per week unfurnished. If it sold for $475,000 it would give a potential gross yield of 5.91%.
<img src="/images/stories/2013/04/reiqapril18two.jpg" width="470" height="350" alt="reiqapril18two">
It is being sold by Alexander Veal from Next Property Group Brisbane.

Also in Brisbane City is a two-bedroom, two-bathroom unit in <a target="_blank" href="https://www.realestate.com.au/property-apartment-qld-brisbane+city-113454399">120 Mary Street</a> is listed for sale at $489,000. Marketing for the property suggests a potential rental of $660 to $690 per week giving a potential gross yield of 7.34%.

It is being sold by Tom Kralikas from North South Real Estate.

And <a target="_blank" href="https://www.realestate.com.au/property-unit-qld-brisbane+city-113297995">unit 1003 at 92 Quay Street</a> Brisbane City is listed for sale at more than $495,000. It currently rents at $650 per week giving a potential gross yield of 6.83%.

It is being sold by Justin Hagen from Calibre Real Estate.

<a target="_blank" href="/news">According to RP Data</a> Brisbane City unit prices increased 4.3% in the last year.
 
<hr class="system-pagebreak">
The median price in <a target="_blank" href="/news">Moorooka</a>, six kilometres south of the CBD, is $287,500 with rents at $355 per week, according to the REIQ.

A two-bedroom <a target="_blank" href="https://www.realestate.com.au/property-unit-qld-moorooka-113379479">unit 1 at 28 Hamilton Road</a>, Moorooka, (pictured below) is listed for sale at more than $279,000. According to RP Data it was last listed for rent at $340 per week in January 2012. This would give a potential gross yield of 6.34%. It last traded for $200,000 in 2010.
<img src="/images/stories/2013/04/reiqapril18three.jpg" width="470" height="349" alt="reiqapril18three">
It is being sold by Wayne Hankinson from Go Gecko.

A two-bedroom <a target="_blank" href="https://www.realestate.com.au/property-unit-qld-moorooka-113034435">unit 2 at 116 Chaucer Street</a> Moorooka is listed for sale at more than $390,000. According to RP Data it was last listed for rent at $400 per week in 2012. This would give a potential gross yield of 5.33%. It last traded for $390,000 in 2009. 

It is being sold by David Cotterill from Belle Property.

The median price in <a target="_blank" href="/news">Greenslopes</a>, 4.5 kilometres south of the CBD, is $293,500 with rents at $362 per week, according to the REIQ.

A two-bedroom unit at <a target="_blank" href="https://www.realestate.com.au/property-unit-qld-greenslopes-113581675">3/58 Douglas Street</a> Greenslopes is listed for sale at more than $310,000. It is currently rented at $290 per week giving a potential gross yield of 4.86%. 

It is being sold by Di Dent from Harcourts.

A two-bedroom unit at <a target="_blank" href="https://www.realestate.com.au/property-unit-qld-greenslopes-113547943">51/38 Palmer Street</a> Greenslopes is listed for sale at $345,000. It currently rents at $385 per week giving a potential gross yield of 5.8%.

It is being sold by Matthew Griffiths from RE/MAX.

Outside of Brisbane, the highest unit yields in Queensland are found in <a target="_blank" href="/news">Holloways Beach</a> and <a target="_blank" href="/news">Yorkeys Knob</a> in Cairns, as well as <a target="_blank" href="/news">Chinchilla</a> in the Western Downs, both at 8.2%.

The Logan City localities of <a target="_blank" href="/news">Woodridge</a> and <a target="_blank" href="/news">Slack’s Creek</a> are next at 7.8% and 7.7%.
 
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