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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Entrepreneur Christian Ainsworth has listed his seven-bedroom, nine-bathroom home at The Sovereign Islands on the Gold Coast.
The Brittanic Crescent house on a 1,950-sqare-metre block cost $7.2 million about two years ago.
It's been listed for auction on January 29.
Ainsworth, son of Aristocrat gaming machine founder Len Ainsworth, has been trying to sell the property since October.
Its most recent price tag was $5.2 million.
Ray White Runaway Bay Ali Mian has the listing.
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jchancellor-FAypfDUnLy

Tourism entrepreneur Christian Ainsworth lists on the Gold Coast

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The sale of Palazzo Versace on the Gold Coast, the world-first fashion-branded hotel, settled yesterday.
Its developers the Sunland Group told the stock exchange the $68.5 million contract of sale for the iconic 5-star resort had been completed, brokered by Sam and Dan McVay of McVay Real Estate.

Sunland managing director Sahba Abedian said the Chinese investor buyers received approval from the Foreign Investment Review Board.
Mr Abedian said the buyers had also met with representatives from the House of Versace in Italy and they had approved the sale. The House of Versace owns the Versace brand.
Its new owners are little known reportedly a construction group and travel company from Hong Kong.

In October 2011 Sunland reached agreement with the Enshaa Group <a target="_blank" href="https://www.propertyobserver.com.au/leisure/sunland-swaps-palazzo-versace-dubai-for-gold-coast-counterpart/2011101751958">to exchange its joint venture Dubai projects</a> – the Palazzo Versace Dubai and D1 Tower – for 100% ownership of the Palazzo Versace hotel on the Gold Coast.
The 200-room hotel which opened in 2000 has undergone a multi-million-dollar revitalisation in the past 18 months. Its has three restaurants, a marina and 72 attached condominiums.</body></html>

Palazzo Versace on the Gold Coast, the world-first fashion-branded hotel, sold

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A holiday house on tropical Hamilton Island – known at The Whitehouse – is among the country's pricest rentals at $24,000 a week.
Located at 8 Melaleuca Drive, the six-bedroom, seven-bathroom residence can sleep a maximum of 16 people.
With imported marble floors throughout, the sunken lounge has electronic doors opening the view to the blue water of The Great Barrier Reef.
The house is split into two, with the north and south wing mirror images of each other.
The 900-square-metre residence sits on 6,286 square metres of manicured gardens and has a swimming pool and tennis court.
There is also a buggy garage that hosts three buggies, since they are the main form of transport on the island.
The Whitehouse traded in 2006 for $5.25 million and received an extensive makeover in 2007.
It resold in 2011 for $6.35 million, some $650,000 shy of the owners $7 million asking price.
It was sold after being <a href="https://www.hamiltonislandrealestate.com.au/pol/property/search.asp?f_propertyID=1625235&amp;xsl=4973" target="_blank">relisted for sale </a>earlier this year with a $7.5 million asking price.
The Whitehouse was built in the early 1990s by a group of Melbourne architects as an island getaway and rental investment.
If you choose to rent, the minimum stay at the property is one night.
A stay from Sunday to Thursday could cost you $3,500 a night or $7,000 a night if you stay Friday or Saturday.
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ntrotman-Et3xWpamVh

Summer rental holiday countdown: The Whitehouse on Hamilton Island

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Property owners and investors on Palm Beach on the Gold Coast are struggling to come to terms with the extent to which property prices have declined in the region since the GFC, according to a new report by PRDnationwide.
“Whilst many vendors acknowledge diminished capital values especially over recent years, and have priced their property accordingly, a large proportion of vendors remain under the illusion that their properties are undoubtedly worth more now than three to five years ago," says PRDnationwide analyst Robert Matta, author of the report.
“Whilst this may be the case for few properties in the area, this is definitely an extraordinary circumstance which has contributed to a lack of reasonable priced property on the market,” he says.
He also notes that buyers who purchased since 2007 are restricted by how much they can revise their pricing due to possible equity shortfalls.
“There is also evidence to suggest that unencumbered vendors have become increasingly reluctant to negotiate on the fire sale cash offers floating around in the market, which is exacerbating the level of well-priced stock in the market,” he says.
PRDnationwide’s investigation of the coastal area of Palm Beach, which includes the suburbs of <a href="/news">Palm Beach</a>, <a href="/news">Elanora</a>, <a href="/news">Currumbin</a>, <a href="/news">Currumbin Waters</a> and <a href="/news">Tugun</a> south of Surfers Paradise, reveals a marked  downwards shift in property values.
In June 2010 nearly two-thirds (65%) of properties that traded in the Palm Beach area sold for between $500,000 and $700,000, with the remainder trading between $400,000 and $500,000.
Figures for June 2012 show that only 45% of sales were in the $500,000 and $700,000, with the majority priced under $500,000
<img src="/images/stories/2012/12/prddec14.gif">
PRDnationwide recorded a small increase in residential sales in the Palm Beach area in the first half of 2012 with 220 sales negotiated, but says the market remained idle, “despite a marked correction in the median price over the past five years”.
For Palm Beach investors, the rental market has remained stagnant over the past three years, “with little to no movement in price growth across the house and unit markets”.
“Buying well is the key for investors to achieve a competitive rental yield in the marketplace with low rental price growth anticipated over the coming year,” says Matta.
According to Matta, active investors and owner-occupiers have become increasingly price-conscious, with the sub $350,000 price range accounting for 65% of the total sales recorded in the June 2012 period, in contrast to 35% recorded in the June 2010 period.
The unit market has been more resilient than the wider Gold Coast municipality, with a median unit price for June 2012 of $355,000.
Palm Beach rents range from $300 per week for a two-bedroom apartment to $490 per week for a four-bedroom house.
Elanora recorded the highest number of sales for the six month to the end of June with 67, up 20% one more than Palm Beach, a 20% fall on the same period in 2011.
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lschlesinger-FZcF9M3vE6

Marked decline in property values hard to accept by  for Palm Beach vendors on the Gold Coast: PRDnationwide

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Of the two key regional south-east Queensland property markets, the Sunshine Coast property market had a decidedly better year than the troubled Gold Coast market, according to Herron Todd White’s (HTW) year-in-review December report.
However, both remain distinctly buyers' markets, with opportunities for first-home buyers and investors (with a long-term view) to secure discounted purchases while the more expensive end of both markets remains under pressure.
Certainly there is much more upbeat tone to HTW's assessment of the Sunshine Coast than the Gold Coast.
“Well one thing is certain, 2012 has turned out to be much better than 2011. There seems to be an air of optimism around now with more and more people ‘doing things’,” is how HTW began its round-up of the Sunshine Coast market.
In comparison, HTW describes the Gold Coast as a “tough property market” with values having declined “across all property market subcategories with the prestige, unit and acreage markets hit the hardest”.
The Sunshine Coast property market was helped by the building of the $2.03 billion University Hospital at Kawana, with construction of the private hospital due for completion next year and with work now underway on the main hospital.
Another positive factor, according to HTW, was the changes in both the local and state governments earlier in the year, which helped improve confidence levels.
“The resultant effects are that we have seen a significant increase in activity.
“The main market where this has been felt has been the sub-$500,000 house market. Properties have been turning over more quickly, with some agents making noises about running out of stock.
“In this sector it doesn’t feel as if there is going to be a sudden spike in values, but certainly we expect that values will stabilise,” says HTW.
However, the Sunshine Coast resort investment unit market and prestige markets remain “quite tough”.
And while sales are being recorded and activity has improved, HTW says this is from sellers being prepared to meet the market, with buyers “smelling blood in the water and treating these properties harshly”.
 
<hr class="system-pagebreak">
 
In the case of the Gold Coast, HTW says mortgagee in possession (MIP) sales have “significantly impacted the property market, with properties selling in many cases at levels not seen since circa 2003 to 2004”.
As a result, the Gold Coast is still a strong buyer’s market, with most local and informed buyers being “very discerning and taking their time to buy wisely, for example, seeking out the most distressed auction sales”.
“This has caused values in some residential areas to fall more sharply than others as buyers shun areas with perceived issues overshadowed by the more desirable areas. Therefore, we have seen sales in some residential pockets fall very dramatically.”
HTW notes that parts of the Gold Coast like Nerang and Highland Park offer first-home buyers the opportunity to get into the market at below $300,000 as do older-style low rise units in the Surfers Paradise/Broadbeach locality and second-hand townhouse units in the Pacific Pines locality”.
Moving up the price ladder to the $500,000 to $1 million bracket, values have continued to fall, with HTW recording that multiple sales occurring in Isle of Capri in the mid-$600,000s – the “lowest prices we’ve seen for waterfront property in this locality for a few years”.
Apart from the construction of the light-railway impacting on values for nearby property owners, the bigger structural problems for <a target="_blank" href="/news">Surfers Paradise</a> and <a target="_blank" href="/news">Broadbeach </a>is an oversupply of high-rise units for sale with the marketing of the Hilton, Oracle and Soul products.
Head of property for The Oracle Berrick Wilson has a more optimistic view of the market forecasts the 2012-13 summer months will provide “an additional boost to an already rejuvenated luxury apartment market”.
Oracle managed 100 new sale settlements in the 12 months since its relaunch in December 2011.
“With only 10 apartments sold at The Oracle in the 12 months prior to December 2011, and more than 100 apartments sold since at an average price of approximately $900,000, it’s fair to say the market has bottomed and buyers are continuing to capitalise by snapping up luxury stock,” says Wilson.
HTW does have a brighter outlook for the Gold Coast reporting that many agents are clearing much of their dated stock, however values are not set to rise in the short term.
Gold Coast rents have remained strong despite values declining, but this could change, with “many property managers reporting increases in vacancy rates”.
HTW recommends investors look at the following areas on the Gold Coast: <a target="_blank" href="/news">Southport</a>, <a target="_blank" href="/news">Labrador </a>and <a target="_blank" href="/news">Biggera Waters</a>, <a target="_blank" href="/news">Paradise Point</a>, and <a target="_blank" href="/news">Parkwood </a>/<a target="_blank" href="/news">Molendinar</a>.
Looking ahead, the assessment is that the Gold Coast will remain a buyers’ market in 2013 with losses suffered by existing property owners representing “excellent longer term opportunity for those ‘early adopter’ investors who can position themselves against the storm”.
“We still need to be wary of the unknowns, being the macro and micro economic situations, the mining industry and rental markets. There is no indication of any immediate changes in property values and we are predicting stabilisation for 2013,” says HTW.
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Sunshine Coast trumps Gold Coast in 2012 but both still buyers' markets: HTW

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The Queensland property market was showing early signs of improvement, the Bank of Queensland chairman Neil Summerson told the bank’s annual general meeting in Brisbane today.
Mr Summerson said economic conditions remained subdued but had stabilised.
“The bank is seeing some early indication that the downward movement in property values has started to reverse,” he said. 
But he added over the last month there had been commentary from various market participants and commentators including Stockland, Mirvac and the Insolvency and Trustee Service Australia, which reiterated the difficulties of 2012 for the State of Queensland.
"With over 60% of our business is sourced in Queensland, I would like shareholders to appreciate that this bank is unique in that no other listed bank in Australia has the same concentration of business as we have in this State.
"Notwithstanding the above, the Queensland State Government is predicting 4% growth over the next year.
"In addition, tourism numbers on the Gold Coast and the Sunshine Coast in the period from September to November were up substantially on the previous year and the current State Government has initiated various programs (the boost in first home owners grant for new homes, as an example) to stimulate the economy.
"Indeed, the Premier stated only last Friday that he thought that Queensland should see some positive economic signs within 12 months.
"In addition, the bank is seeing some early indication that the downward movement in property values has started to reverse.
“With borrowers better able to meet their mortgage commitments as a result of successive interest rate reductions, including that of last week, we have reason to be optimistic about recovery in the important housing market.”
"Unemployment is expected to rise modestly over the next two years.
"Combined with a shift in Australians saving more than ever, credit growth for the banking sector is expected to remain subdued.
"Nevertheless, we are expecting to deliver growth in top and bottom line and after the first three months of this financial year we are comfortably meeting our internal targets.," Mr Summerson said.
BoQ reported a $17.1 million loss in the 2012 financial year as it felt weakened economic conditions in Queensland.
With property prices especially on the Gold Coast and the Sunshine Coast falling, BoQ’s impaired loans doubled to $401 million over the year.
"Prior to 2008 the bank did not have a history of having large write offs for bad debts.
"The onset of the Global Financial Crisis saw this all change," he said.
Until 2011 thebBank only made specific provisions against its outstanding debts, but in February of 2011, with the full impact of the economic slowdown, Cyclone Yasi, and the Brisbane floods, the board considered it prudent to take an "economic overlay" in our provisioning of $32.5m.
"In early this year the board and management became aware of a continuing fall in property values particularly in Queensland.
"As over 60% of our business is in this State, the board decided to take an additional economic overlay of $175 million during the year to provide a buffer against falling property values," he said.
 
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BOQ sees brighter Queensland property market in 2013

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Located at the mouth of the Endeavour River, Cooktown – with a median house price of $300,000 – is Queensland’s slowest-selling suburb, with property lingering on the market for an average of 258 days.
Chambers Flat is the second slowest, with an average of 233 days on the market and a median house price of $477,000.
Third place is a draw between Mission Beach and Yarraman, with an average time on the market of 220 days.
Mission Beach – a small village along the Coral Sea – has a median house price of $395,000.
Located 181 kilometres northwest of Brisbane, Yarraman has a median price of $192,000.
<table cellpadding="0" cellspacing="0" border="1"><tbody>
<tr>
<td width="106" valign="top">
Suburb
</td>
<td width="106" valign="top">
Postcode
</td>
<td width="106" valign="top">
Median Price
</td>
<td width="106" valign="top">
Time on market (days)
</td>
</tr>
<tr>
<td width="106" valign="top">
<a target="_blank" href="/news">Cooktown</a>
</td>
<td width="106" valign="top">
4895
</td>
<td width="106" valign="top">
$300,000
</td>
<td width="106" valign="top">
258
</td>
</tr>
<tr>
<td width="106" valign="top">
<a target="_blank" href="/news">Chambers Flat</a>
</td>
<td width="106" valign="top">
4133
</td>
<td width="106" valign="top">
$477,000
</td>
<td width="106" valign="top">
233
</td>
</tr>
<tr>
<td width="106" valign="top">
<a target="_blank" href="/news">Mission Beach</a>
</td>
<td width="106" valign="top">
4852
</td>
<td width="106" valign="top">
$395,000
</td>
<td width="106" valign="top">
220
</td>
</tr>
<tr>
<td width="106" valign="top">
<a target="_blank" href="/news">Yarraman</a>
</td>
<td width="106" valign="top">
4614
</td>
<td width="106" valign="top">
$192,000
</td>
<td width="106" valign="top">
220
</td>
</tr>
<tr>
<td width="106" valign="top">
<a target="_blank" href="/news">Vetern</a>
</td>
<td width="106" valign="top">
4570
</td>
<td width="106" valign="top">
$366,000
</td>
<td width="106" valign="top">
218
</td>
</tr>
<tr>
<td width="106" valign="top">
<a target="_blank" href="/news">Heathwood</a>
</td>
<td width="106" valign="top">
4110
</td>
<td width="106" valign="top">
$4983,000
</td>
<td width="106" valign="top">
209
</td>
</tr>
<tr>
<td width="106" valign="top">
<a target="_blank" href="/news">Laidley Heights</a>
</td>
<td width="106" valign="top">
4341
</td>
<td width="106" valign="top">
$338,750
</td>
<td width="106" valign="top">
205
</td>
</tr>
<tr>
<td width="106" valign="top">
<a href="/news">Ocean View</a>
</td>
<td width="106" valign="top">
4521
</td>
<td width="106" valign="top">
$600,000
</td>
<td width="106" valign="top">
199
</td>
</tr>
<tr>
<td width="106" valign="top">
<a target="_blank" href="/news">Babinda</a>
</td>
<td width="106" valign="top">
4861
</td>
<td width="106" valign="top">
$174,000
</td>
<td width="106" valign="top">
198
</td>
</tr>
<tr>
<td width="106" valign="top">
<a target="_blank" href="/news">Boyland</a>
</td>
<td width="106" valign="top">
4275
</td>
<td width="106" valign="top">
$545,500
</td>
<td width="106" valign="top">
198
</td>
</tr>
</tbody></table>
Source: <a target="_blank" href="https://www.myrp.com.au/">RP Data</a>
A property located at 20 Flinders Street, Cooktown (pictured below), was listed for sale in July 2011 for $440,000.
<img src="/images/stories/2012/12/flinderscooktown.jpg">
The  four-bedroom, one-bathroom home has been listed for 490 days.
The price hopes have dropped from $450,000 to $395,000 in that time.
Grant Freeman from Premium Property Specialists has listed the property for the full 490 days.
A property located on 133 Charlotte Street was originally listed for $400,000 in March 2011.
Its asking price has reduced by 25% to $300,000.
It was bought in 2008 for $535,000.
A property at 15 Boundary Street has failed to attract a buyer, having been listed for sale for a total of 981 days.
The four-bedroom, two-bathroom house was listed in March 2010 with a $375,000 asking price and is currently asking $290,000 – a reduction of $85,000.
Jill Williams from Rainforest Real Estate Cooktown has held the reins on the property for the duration of its listing.
Wonga is Queensland's fastest selling suburb, with a speedy 35 days on the market.
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Cooktown Queensland's slowest-selling suburb

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One of Gold Coast's most exclusive residential offerings – the riverfront Southport mansion Alston – has been listed for sale.
But rather than its past $20 million-plus asking price, the home of bankrupt developer Graham Spottiswood and his wife, Suzanne, has been ordered by Commonwealth Bank-appointed receivers, who have more subdued expectations.
The Gold Coast Bulletin suggests the likely price benchmark was set two doors away, when $9.5 million was paid for the former Quinlivan home at June auction when sold to the semi-retired cotton farmer Ted Hadley.
Alston, an European-style house, will go to auction on January 27 through John Natoli and James Ledgerwood of <a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house-southport-qld-4215/168449" target="_blank">McGrath Broadbeach</a> under instructions by Grant Sparks and Craig Ticehurst of PPB Advisory
The 3,442 square metres of land Alston sits on was bought from split-cycle engine inventor Rick Mayne for $2.35 million in 1998, where a house on the site was demolished to make way for Alston.
Completed in 2010, Alston boats six bedrooms, seven bathrooms and seven fireplaces spaced over 2,225-square metres of floor area.
Also included is a 15-metre indoor heated pool, gymnasium, basement cinema, a bar of five-star hotel quality with a six-metre-long marble bar top and a two-level library with a spiral staircase.
“The second you step into this property it is more than obvious that the quality of design, inclusions and meticulous attention to detail positions this very special home as one of world-class standing,” says Natoli.
Alston is fenced with exclusive mansions of Riverina Marine founder Bill Barry-Cotter to the south and former V8 supercar executive chairman Tony Cochrane to the north.
“This dress circle riverfront address is one of the Gold Coast’s premier enclaves and has been tightly held and rarely available,” says Ledgerwood.
In July 2011 Spottiswood listed Alston without success with $20 million price expectations through Christies International.
In February this year Spottiswood was sill holding out for a buyer happy to splash out more than $20 million for his Southport mansion.
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Southport mansion Alston listed for receivers' sale

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If you’re dreaming of cocktails in a swimming pool overlooking the Whitsunday Islands, the Round House on Hamilton Island is the vacation rental for you. 
Perched high on the eastern side of One Tree Hill and overlooking Catseye Bay, the Round House boasts a distinct circular design.
<img src="/images/stories/2012/12/roundhouse2.jpg">
Designed by Peter Conley and Associates, the Round House offers 12 hours of tropical sunshine “around the house”.
With four bedrooms and five bathrooms, the property can sleep a maximum of eight adults and six children.
Located on Melaleuca Drive, the property has a 12-metre salt-water solar heated infinity pool that wraps itself around the exterior.
Its 3.6-metre-high glass bi-fold doors encase the whole lower floor, and double-storey ceilings offer spacious living. 
The Round House is seemingly only available to rent from January 17 to January 21 within the 2012-2013 summer vacation season.
A minimum of four nights applies at a total of $6,000, or $7,000 for the five-night stay.
During the Audi Hamilton race week in August, a nine night block applies for $14,850.
A separate cottage is available to rent on the property for $300 a night and can accommodate four adults.
The beachfront home also offer two four-seater buggies a means for transport around the tropical island.
Yesterday we featured Kym Illman's beach house <a href="https://www.propertyobserver.com.au/queensland/countdown-to-summer-kym-illman-s-nautica-at-palm-beach-on-the-gold-coast/2012120958347" target="_blank">Nautica</a>, located at Palm Beach in Queensland.
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Countdown to summer: Round House on Hamilton Island

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If you fancy lounging in a 29-degree heated beachfront pool these summer holidays, Nautica at Palm Beach on the Gold Coast ought to be yours for $20,230 a week.
However, its availability is confined to the week before Christmas or over the Australia Day long weekend in January at $1,490 a night.
Located at 129 Jefferson Lane, <a target="_blank" href="/news">Palm Beach</a>, Queensland, the $6 million property has been featured on Channel 9’s A Current Affair and Channel 7’s Sunrise and has been voted as one of the country's best in the Australian Traveller Magazine.
<img src="/images/stories/2012/12/nautica2.jpg">
Apparently Jefferson Lane is a magnet for families, movie/sports stars, business leaders and heads of state.
With five bedrooms spread out on the four-storeys, <a href="https://www.dreamholidayhomes.com.au/rates-and-bookings" target="_blank">you and nine friends can stay here for a minimum of four nights</a>.
The contemporary design boasts 180-degree uninterrupted sea views and has a four-floor elevator.
A night between Sunday and Thursday will cost $2,890 but almost quadruples to $11,560 a night if you opt for a Friday or Saturday.
<a href="https://www.youtube.com/watch?v=e6Fz9j-ZUpY" target="_blank">Nautica</a> last sold in 2007 for $2.9 million after being listed for 337 days.
It's been built as part of the luxury homes rental division of entrepreneur Kym Illman, the managing director of The Message Group.
He is a leader in <a href="https://www.youtube.com/watch?v=Hwk2NXI8gd0" target="_blank">marketeering</a>.
 
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