Private equity real estate firm Conquest has entered into a $220 million partnership with Woolworths’ development arm, Fabcot, to deliver its long-awaited Waterloo project on Bourke Street.

The Bourke Street development was first flagged by Fabcot back in 2021 as part of its push into Sydney’s residential market. However, progress has since stalled, with no activity on site amid a number of design revisions in consultation with the City of Sydney.

<a href="https://www.apartments.com.au/developers/conquest">Conquest</a>, which is actively planning more than $6 billion worth of new developments, predominantly mixed-use precincts, is now set to move the project forward.

The current plans include between 110 and 120 apartments across two buildings designed by Bates Smart at <a href="https://www.apartments.com.au/new-apartments/923-935-bourke-street-waterloo-nsw-2017">923 Bourke Street</a>. The scheme will incorporate a portion of apartments reserved for key workers, alongside premium commercial space at ground level, including a full-line Woolworths supermarket.

Construction is expected to commence in the second half of 2026.

Michael&nbsp;Akaawi, CEO of Conquest, said the partnership reflects the firm’s commitment to "convenience-led" urban renewal."

"We are preparing to commence construction in the second half of this year," Akaawi says.

"Along with Woolworths, we look forward to delivering the first major supermarket to the growing Waterloo community, integrated with premium new apartments and specialty retail shops. Our focus is on creating a seamless lifestyle hub where essential services are at the doorstep, saving residents time and enhancing their quality of life."&nbsp;

<img alt="Conquest" data-entity-type="file" data-entity-uuid="d8beee83-ef9b-446b-a3b3-1e2fe596512b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-01%20at%2011.08.46%E2%80%AFAM.png?VersionId=raYhGepiLUJfx4InLPRRJduA3ftDJ_kS" />

The news comes just a week after Conquest went to the NSW Government to upsize its plans for Castlecrag's Quadrangle Shopping Centre.

Conquest purchased the site for just shy of $70 million last year, with existing plans in place for a mixed-use residential and retail precinct comprising 38 luxury apartments.

Those plans have now been significantly expanded, with the developer lodging a State Significant Development Application with the NSW Government’s Housing Delivery Authority for 150 apartments across two 11-storey buildings. The apartments will sit above a four-storey podium, incorporating specialty retail tenancies and five levels of basement car parking, on the 5,166 sqm site at&nbsp;<a href="https://www.apartments.com.au/new-apartments/100-edinburgh-road-castlecrag-nsw-2068">100 Edinburgh Road</a>.

Conquest has been increasingly active in the development space in recent years. The group acquired the&nbsp;<a href="https://www.apartments.com.au/developments/eastlakes-nsw-2018">Eastlakes</a>&nbsp;Shopping Centre redevelopment, where it plans to deliver more than 1,000 apartments above a new retail precinct, and has also lodged a $900 million State Significant Development Application for a&nbsp;<a href="https://www.apartments.com.au/news/nsw/conquest-unveils-900m-stanmore-village-vision-for-landmark-inner-west-site">mixed-use precinct in Stanmore</a>.

Joel Robinson

Conquest partners with Woolworths to deliver mixed-use Waterloo project

A shift away from Sydney’s industrial past has left parts of the inner south defined by contrast, brick warehouses repurposed into dining precincts, former factory streets softened by landscaping and pedestrian activity.

Rosebery is one of those suburbs. Over the past decade, it has undergone significant gentrification, anchored by The Cannery, which has helped reposition the area as one of the inner city’s most sought-after lifestyle pockets.

What hasn’t kept pace with that transformation is new residential supply, which has remained relatively limited. Builder-developer Deicorp identified that gap early, securing a site in 2019 and delivering what is now one of the suburb’s most architecturally distinctive developments.

To realise the vision, Deicorp engaged Candalepas Associates to design The Rothschild, a project that is immediately recognisable from the street.

Completed in 2025, The Rothschild comprises two buildings across Rothschild and Mentmore Avenues, delivering 176 apartments. The development replaces a former industrial site, retaining a material and structural dialogue with its past while introducing a more resolved residential framework. The scale is deliberate but not monolithic, broken into forms that engage both street frontages, with retail at ground level and two levels of basement parking below.

[smartcode_project:default project_id=106843 project_image_fid=221665]

From the street, the architectural intent is clear. Off-form concrete columns run through the façade, establishing a repeated structural rhythm that gives the building its visual weight. These are paired with deep-set arches and sections of exposed brickwork, creating a layered elevation that reads less like a typical apartment block and more like a reinterpretation of industrial architecture.

The material palette is intentionally restrained, with concrete left exposed and brick used to define mass rather than decoration. The result is a building that stands out through proportion and repetition, rather than height or glazing.

This approach continues internally. A central landscaped courtyard sits between the two buildings, anchored by an olive grove that acts as both a visual and spatial focal point. Rather than functioning as residual space, the courtyard is designed as a shared ground plane, where circulation paths, seating areas and planting come together to create a usable communal environment. Its positioning allows natural light to penetrate deep into the site while maintaining separation between residences.

[smartcode_project:default project_id=106843 project_image_fid=221666]

Within the apartments, the planning follows a clear and functional logic. Entry points lead directly into open-plan living areas, with kitchens positioned as central elements alongside dining and lounge spaces. These zones extend to balconies or external openings, maintaining a visual connection to either the courtyard or the street.

Kitchens prioritise practicality, with generous bench space, ample storage and European appliances configured for everyday use. Bedrooms are typically set back from the main living areas, creating quieter zones within each residence, with separation achieved through layout rather than material change. Bathrooms are compact but efficient, incorporating mirrored cabinetry and integrated storage to maximise space. Across all residences, the emphasis is on clarity of movement and functional planning.

[smartcode_project:default project_id=106843 project_image_fid=221669]

At ground level, retail and hospitality uses extend the building’s presence beyond its residential function. A café or restaurant space, alongside communal amenities such as a music room and rooftop areas, positions the development as part of a broader urban network rather than a standalone project. These shared spaces reinforce a lifestyle where the building operates as an extension of the surrounding neighbourhood.

Rosebery’s proximity to Green Square, The Cannery and nearby parklands supports this model of living, where much of daily life is within walking distance. The Rothschild sits comfortably within that network, contributing to the streetscape through its distinctive architecture, while internally organising space around light, structure and communal use.

The Rothschild is now complete and ready to move in, with limited residences remaining.

[smartcode_project_cta:default project_id=106843]

The Rothschild reinterprets Rosebery’s industrial DNA into residential form

KTQ has unveiled&nbsp;<a href="https://www.apartments.com.au/new-apartments/casilia-16-marine-parade-coolangatta-qld-4225">Casilia</a>, the final residential release within the Kirra Point precinct which really kicked off the boom in the area back in 2019.

The final stage comprises&nbsp;87 residences and marks the culmination of a long-term, family-led vision for Kirra Point, as the precinct moves toward completion in tandem with the development.

Around $100 million in sales have been achieved already, close to 35 per cent of the residences secured ahead of launch. There have been a significant number of buyers returning from the first stage of the development, Miles Residences, securing another property within Kirra Point.

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Selling agent Tim Keenan from Keenan Byrne said the response reflects both the scarcity of the offering and Kirra’s growing reputation as a premium coastal market.

“This is effectively Kirra’s final act, the last release within what has become one of the Southern Gold Coast’s most tightly held beachfront precincts,” Keenan said.

“We’ve seen exceptionally strong pre-sale interest, from VIP waitlists through to off-market enquiry, which speaks to both the quality of the product and the confidence buyers have in the precinct. What’s particularly compelling is the number of buyers returning from Miles, either upgrading or investing again, which is a strong signal of how the precinct has been received."

Keenan adds that at the same time, north-facing beachfront remains exceptionally rare in Australia, limited to places like Noosa, Byron and Kirra, which is underpinning long-term value.

[smartcode_project:default project_id=152295 project_image_fid=368415]

Positioned along one of Australia’s few true north-facing beaches, Casilia offers a mix of two and three-bedroom residences with pricing ranging from $1.87 million to $7.15 million and two exclusive penthouses. Residences are oriented to capture varying outlooks, from uninterrupted Pacific Ocean views across Kirra Beach to hinterland vistas, with upper levels and shared amenity taking in sweeping perspectives along the Gold Coast coastline.

At rooftop level, a north-facing pool deck captures expansive, uninterrupted views over Kirra Beach and north towards Surface Paradise. The space incorporates a heated resort-style pool, mineral spa, sun lounges and a covered BBQ cantina.

Buyer profiles are broad, typically aged between 40 and 70, with a strong skew toward second-home ownership, drawn by a combination of lifestyle, relative value, proximity to Gold Coast Airport and lower congestion compared to more established markets such as Byron Bay and Noosa.

[smartcode_project:default project_id=152295 project_image_fid=368414]

The project is being delivered by <a href="https://www.apartments.com.au/developers/ktq-group">KTQ Group</a>, a family-owned Australian property group with a diverse portfolio spanning residential, hospitality and commercial developments. The group has delivered a number of notable projects across sectors, including the award-winning Elements of Byron resort, demonstrating its depth of experience across both hospitality and residential development.

Known for its long-term approach to place-making, KTQ Group retains a vested interest in its projects, often holding assets within its portfolio, which has also helped build trust among buyers and reinforced confidence in both the vision and delivery certainty of the precinct.

“Casilia represents the final opportunity to secure a residence within Kirra Point and brings to market the last release within our long-term vision for the precinct," KTQ Group's Jeremy Holmes said.

"Kirra Point has been more than a decade in the making, and that timeframe reflects the care behind each decision, it takes listening, balance and vision to arrive at something that feels right for the location.

“Our approach has always been to deliver Kirra Point as a destination in its own right, a connected coastal neighbourhood integrating residential, hospitality and wellness, rather than a standalone project. It’s a vision that respects place, pace and permanence, and contributes to a sense of community that feels authentic to Kirra.”

[smartcode_project:default project_id=152295 project_image_fid=368411]

Once complete, the Kirra Point masterplan will incorporate a mix of dining establishments, bars and cafés, alongside the Kirra Point Health Club and a future 91-room independent resort hotel, creating a walkable, integrated lifestyle precinct.

Architecutue and interiors at Casilia have been designed by the experienced design houses of <a href="https://www.apartments.com.au/architects/little-boat-projects">Little Boat Projects</a> and O’Neil Architecture &amp; Interior Design, The design moves beyond the conventional coastal apartments, instead taking cues &nbsp;from the surrounding landscape - layering natural materials, soft curves and warm textures to create spaces that respond to light, airflow and the rhythms of coastal living.

Residences are designed with an array of floorplates, generous proportions and intuitive flow, while at ground level Casilia connects into the broader precinct, where future laneways, retail and hospitality offerings will contribute to a neighbourhood defined as much by how people live day-to-day as its beachfront position.

[smartcode_project_cta:default project_id=152295]

The final residential release within the Kirra Point masterplan is set to launch, as strong pre-sales signal sustained demand for the Southern Gold Coast

A decade in the making: KTQ launches Casilia at Kirra Point

South East Queensland developer&nbsp;<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a>’s entry into the Gold Coast apartment market has progressed from pipeline to market, with its Chevron Island project Bronze on Chevron now formally available to purchase ahead of a planned 2029 completion.

The 119-apartment development on Mawarra Street marks the Brisbane-headquartered builder-developer’s first residential play in the Gold Coast, following its expansion south from Brisbane and the Sunshine Coast.

<a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-surfers-paradise-qld-4217">Bronze on Chevron</a> comprises a mix of two-, three- and four-bedroom residences, with pricing starting from just over $1.5 million. The project is being delivered under Gardner Vaughan’s fully integrated model, with the group acting as both developer and builder, a structure it has consistently applied across its South East Queensland portfolio.

[smartcode_project:default project_id=107520 project_image_fid=367182]

Architecture has been designed by <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, with landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jeremy-ferrier-landscape-design">Jeremy Ferrier</a>. The building presents as a single-tower scheme, with a focus on maximising outlook across both the Surfers Paradise skyline and the Nerang River.

Apartments have been planned with open-plan living zones extending to generous balconies, a response to the site’s dual-aspect positioning between river and ocean. Interiors follow a restrained coastal palette, with two colour schemes offered, and an emphasis on natural light and cross-ventilation.

[smartcode_project:default project_id=107520 project_image_fid=367181]

Resident amenity is concentrated across more than 1,250 sqm and includes a resort-style pool, gym, yoga lawn and rooftop entertaining areas. A function space with catering facilities forms part of the upper-level offering, alongside north- and south-facing outdoor areas.

Ground level will incorporate two retail tenancies, intended to extend the existing village character of the surrounding streets.

&nbsp;

[smartcode_project:default project_id=107520 project_image_fid=367200]

The project sits within walking distance of Thomas Drive’s established dining strip, while maintaining proximity to <a href="https://www.apartments.com.au/developments/surfers-paradise-qld-4217">Surfers Paradise</a> beach and broader Gold Coast amenity. The location, positioned on Chevron Island between the river and coastline, has increasingly attracted mid- to high-density development in recent years as the precinct evolves beyond its low-rise origins.

Gardner Vaughan’s move into the Gold Coast was first signalled in 2025, with the group identifying the region as a natural extension of its operations. Chief Executive Officer Simon Betteridge described the expansion as both “strategic and natural”, citing demand for well-designed apartments in lifestyle-driven markets.

Construction is expected to complete in early 2029.

[smartcode_project_cta:default project_id=107520]

Gardner Vaughan brings Bronze on Chevron to market as Gold Coast debut

One of the penthouses at Lily Lane, the latest stage of Carrington Place by Ellipse Property, has set a new local apartment price record.

The four-bedroom residence, purchased by a local downsizer, sold for $5.75 million—around 75 per cent higher than the previous record of $3.3 million.

Over 40 per cent of the first release of apartments at&nbsp;<a href="https://www.apartments.com.au/new-apartments/lily-lane-at-carrington-place-castle-hill-32-carrington-road-castle-hill-nsw-2154">Lily Lane</a> have already been snapped up just six weeks since it launched to the market.

&nbsp;

Located at 32 Carrington Road, <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a> and designed by award-winning architects <a href="https://www.apartments.com.au/architects/ptw">PTW</a>, Lily Lane is directly opposite the Hills Showground Metro station. It offers a total 213 units over two 12-storey towers - a mix of 67 one-bedroom, 100 two-bedroom and 46 three-bedroom apartments - with a ground-floor retail offering.

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Blake Schulze, National Director – Residential at <a href="https://www.apartments.com.au/project-marketer/colliers">Colliers</a>, says around 44 per cent of buyers are&nbsp;owner occupiers, with 35 per cent being investors and 21 per cent first homebuyers.

“Developments of this calibre are very rare in the Hills District, and Lily Lane’s sales success demonstrates the depth of demand for over-sized apartments that genuinely compete with freestanding homes," Schulze says.

"We are seeing particular demand from downsizers who want to remain in the area but transition into spacious, high-quality apartment living."

On the penthouse sale, it says it shows buyers&nbsp;are prepared to pay a premium for scale, quality, and direct access to the Metro.

[smartcode_project:default project_id=151821 project_image_fid=368351]

One-bedroom apartments are sized from 50-72 sqm with prices starting at $745,000, while two-bedrooms are priced from $990,000 with sizes from 75 to 132 square metres. Three-bedroom floorplans are sized between 97 and 182 sqm,, with prices starting at $1,395,000.&nbsp;

The three remaining penthouses, spanning up to 262 sqm, are priced from $2.9 million.

Over 75 per cent of apartments include dedicated studies, multipurpose rooms or family rooms, with select layouts offering walk-in pantries and laundries. Apartments are appointed with premium Miele appliances including ovens, washing machines, dryers, gas cooktops and dishwashers, while larger residences also incorporate integrated Miele microwaves, Fisher &amp; Paykel integrated refrigerators and five-burner Miele cooktops.

[smartcode_project:default project_id=151821 project_image_fid=360285]

Lily Lane will be constructed by award-winning iCIRT-rated builder <a href="https://www.apartments.com.au/builders/decode">Decode Group</a>, with construction to commence in mid-2026 and expected to complete early 2029.

Carrington Place comprises more than 800 apartments and is being delivered across multiple stages, with completion expected in 2032. Integrated with neighbouring bushland, the project will feature over 20,000 sq, of outdoor recreational area, including a one-kilometre boardwalk to Fred Caterson Reserve.&nbsp;

The Hills Showground Metro Station is just a two-minute walk away, offering fast connectivity to Sydney’s CBD, North Sydney, Chatswood, Macquarie Park and Norwest Business Park.

[smartcode_project_cta:default project_id=151821]

Ellipse sets Castle Hill apartment record with $5.75 million Lily Lane penthouse sale

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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It’s the tallest building in Australia, and the Q1 has recorded some of the steepest price falls over the past financial year.
Just one of the 28 recorded sales since July last year actually went up on its previous boom-time sale price.
The average price drop among the 27 price falls was 26% on its former boom-time sale.
The worst fall was 51% on the 57th floor, with a $970,000 mortgagee sale. It had fetched $2 million in 2006.
There were another seven sales reflecting declines of 40% or higher, three of which were on the upper floors with $1 million plus prices.
Just six of the sales were officially mortgagee sales.
The only apartment that went up was on the 23rd floor, and it was nothing special. It fetched $326,000 in January, having last sold at $321,000 in 2002.
The cheapest sale was $250,000 on the 12th floor, which was 21% less than its $318,000 off-the-plan sale price in 2002.
The priciest resale was $1.3 million on the 71st floor. It had sold at $2.32 million in 2003, reflecting an overall 41% drop, having also sold in the interim at $1.6 million in 2009.
There were also 28 apartment sales in the 2010-11 financial year with just one official mortgagee sale.
Q1 is ranked the world's third tallest residential tower after the 348-metre building The Marina Torch in Dubai won formal recognition as the tallest residential building in the world in April 2011.
Q1 is the tallest building in Australia and the Southern Hemisphere when measured to the top of its spire and second tallest building behind Eureka Tower in Melbourne when measured to roof and highest habitable floor.
The Sunland development group-built highest apartment is its 74th-floor penthouse with a sprawling size of 940 square metres. An Oatlands, NSW couple spent $4.8 million in 2010 on the Q1 Surfers Paradise penthouse. It previously sold off the plan for $7.8 million in 2002, reflecting a 38% decline.
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jchancellor-FAypfDUnLy

The taller they are, the harder they fall: Q1 prices falling steeply from boom-time Surfers Paradise highs

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The Tomic tennis family have listed their Southport, Gold Coast abodes.
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Bernard Tomic's Gold Coast bachelor pad is on the market for $700,000, listed alongside the adjoining family home at $800,000. The entire Tomic family compound is set on a 405-square-metre block.
They are both three-bedroom townhouses, the most recent costing $500,000 in 2009. It’s available for lease at $600 a week, although it was initially listed at $750 a week earlier this year.
The rear townhouse cost $340,000 in 2004. Both are listed through LJ Hooker Southport.
Tomic's father, John, owns both townhouses.
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Bernard Tomic’s Southport, Gold Coast bachelor pad and adjoining family home listed

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Brisbane’s gnome kitsch wonderland – at 281 The Esplanade at Wynnum – has been listed for July 7 auction.
It was apparently about three decades ago that the late sign painter Doug Wildermuth started rescuing broken gnomes from flea markets before patching them up, painting them, naming them and installing them in his front yard.
The foreshore reserve property comes with around 200 ornaments concreted with steel rods into its front yard.
The six Wildermuth family grandchildren naively hope it’s not all for the wrecker’s ball.
The 607-square-metre property is expected to go to auction on July 7 at 11am onsite through Belle agent Sharyn MacAuley.
“Renovate or remove, the choice is yours,” she says.
The block with 1952 three-bedroom house on the corner of Picton Parade was originally owned by the family, who subdivided the land having owned the holding for 60 years.
It comes with views to Moreton and Stradbroke islands.
The last sales on the foreshore strip was at $950,000 in 2006 for an 840-square-metre holding and $788,000 for a 600-square-metre holding in 2007. The gnome’s neighbouring property of 1,200 square metres fetched $1.15 million in 2004.
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Gnomes are where the heart is: Brisbane home looking for new statuette lover

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Clive Palmer is becoming the prince of Paradise Point on the Gold Coast.
The Brisbane-based mining tycoon now owns seven residential properties – five of which have been picked up very cheaply this year.
His 2012 purchases have cost $5.95 million, ranging between $840,000 and $1.35 million.
His purchases have been on streets including King Arthurs Court, Queen Guineveres Place and King Charles Drive.
His first canalfront holiday home acquisition on the estate was his priciest, costing $2.3 million in 2007.
Last year he spent $1.75 million on a house sold by Fred Taplin, who headed Gold Coast Galaxy's tilt at an A-League franchise, which lost out to Palmer's Gold Coast United. Taplin had wanted $4.5 million in 2009.
His $1.31 million purchase had previously traded at $2 million in 2009.
His recent $840,000 acquisition had last traded at $1.06 million in 2006.
His $1.3 million purchase had last traded in 2007 at $1.4 million.
Another acquisition, which cost $1.15 million, had come with a $1.495 million asking price.
Goldcoast.com.au describes Paradise Point as a "sweet suburb" at the northern end of the Gold Coast, with its size and position helping maintain a village feel.
The suburb lies on the Broadwater and has direct access to the Coomera River and is protected from the ocean by South Stradbroke Island, which lies off the coast.
Goldcoast.com.au suggests Paradise Point was made up mainly of houses, with many older houses being being bought for their land value as land is scarce in the area.
Houses in Paradise Point range from moderately priced to tipping into the millions.
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Clive Palmer becoming the prince of Paradise Point with cheap royal acquisitions

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Beachfront house sales along Mermaid Beach have signalled to Ray White Surfers Paradise boss Andrew Bell that there's been a "levelling" of prestige prices.
Last month a $5.3 million sale on the Mermaid Beach beachfront was secured through Ray White agent Michael Willems with a Queensland buyer buying the six-bedroom house on 769 square metres. It last traded at $6 million in 2006.
It has 19 metres of beach frontage on Hedges Avenue.
<img src="/images/stories/hedges1.jpg">
Bell suggests the Gold Coast peaked in 2006, with prices dropping by sometimes around 50% for the top end and 20% for other stock since then.
It was among the 33 properties sold at two Ray White Gold Coast auctions last month.
"A Sydney or Melbourne market would be very happy with that type of clearance rate," Bell says, noting he had 51 auction listings.
The Commonwealth Games decision plus the recent interest rate direction were contributing to the slight shift in buyer activity, he says.
The shift started late last year, Bell told Property Observer.
"I am sensing there is a floor in the market," he says.
"Bargain hunters are evident, but they are more likely finding fair value than bargains."
The region has experienced many prices in freefall since shortly after the global financial crisis, which Bell describes as a "reality check.''
Bell told the Gold Coast Bulletin that although the market was well off boom-time highs, there was a new level of positively in the air.
"I think things like the interest rate decisions and the success in the Commonwealth Games bid have given people some confidence in the city.
"The past decade the market was dominated by local buyers who made money out of the property market,” he said.
"We are starting to see a more subdued buyer ... more conservative versus entrepreneurial buyer," he said.
The biggest volume of buyers to the Gold Coast currently were from Brisbane, then Victoria, NSW, Gold Coasters and then the overseas buyers.
Some 193 registered bidders sought the offerings at the two auctions.
Another Mermaid Beach sale was secured shortly after its recent McGrath auction with the Breakfree founder Tony Smith paying $7.3 million on Surf Street.
Its selling agent John Natoli said the discounting represented great buying opportunities – "probably the best I have seen in 19 years,” he told Fairfax Media.
Tony Smith was reported to have said he thought the property would have been worth more than $20 million during the boom.
The Gold Coast has also been <a target="_blank" href="https://www.propertyobserver.com.au/queensland/sanctuary-cove-mansion-sale-sets-new-reputed-%2412-million-record/2012053054896">bouyed by the reputed $12 million sale of an inland Sanctuary Cove waterfront house through Ray White.</a>
 
 
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Prestige Mermaid Beach home sales suggest a ‘levelling’ of prices: Ray White Surfers Paradise boss Andrew Bell

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Sanctuary Cove has a new record-setter mansion.
The Anchorage Terrace mansion, which came with adjusted $13.75 million price hopes on its April listing through Ray White Sovereign Islands agent Ali Mian, has reputedly been sold for around $12 million.
It’s 1,000-square-metre mansion with a 43-metre river frontage.
<a href="https://www.propertyobserver.com.au/queensland/sanctuary-cove-stunner-listed-with-%2413.75-million-price-tag/2012041154214">The house has symmetrical designer interiors</a>, from its grand double-wing staircase entrance to its heated pool. It has hallways reflecting the strong black-and-white palette of the French fashion house Chanel, the latest home technology system, plus tepanyaki bar, home cinema and Swarovski crystal chandeliers.
The land was consolidated by tourism entrepreneur Chris Scott, who bought two neighbouring houses, and finished off by UK-based businessman John Baines and his wife, Elizabeth.
<img src="/images/stories/2012/05/anchoragead.jpg">
They paid $4.3 million in 2009 for the shell of a home on its 2,836-square-metre holding, which then had a Greg Reid-designed house built by Thomas Hughes Construction.
The Baines have previously sought $17.5 million for the property on earlier listings.
The prior Sanctuary Cove record was $7.22 million on Bayview Terrace.
The sale notification, with an undisclosed price, appeared on websites late last week.
Ray White agent Ali Mian has declined to comment.
But his boss, Brian White, has cited the sale as a sign of property price improvement on Queensland's Gold Coast.
"No one would have thought that sort of sale would be remotely possible on the Gold Coast," he told News Ltd.
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Sanctuary Cove mansion sale sets new reputed $12 million record

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Discounted sales of low-rise apartment by receivers have helped drive a 49% increase in Gold Coast sales over the March quarter, the first quarterly sales increase in 12 months. 
There were 113 unconditional sales on the Gold Coast and adjoining Tweed Coast, with the low-rise sector accounting for 46 of these. 
Despite this increase, quarterly sales remain at very low post-GFC levels – in March 2008 there were more than 500 quarterly sales. 
In doing so it overtook the high-rise sector sales rate for the first time in six years.
During the whole of 2011, there were only 103 low-rise apartment sales. 
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“Several low-rise projects are in the hands of receivers resulting in price reductions and renewed marketing campaigns which has created the higher sales rate, and this is expected to continue,” commented Colliers in the March quarter update. 
Ilanah Aqua and Azzura Greens at Hope Island were the strongest performing low-rise projects across the Gold and Tweed Coasts, with 17 and 16 sales respectively for the quarter, driven by receivership sell-downs. 
According to Colliers, there are 10 low-rise projects on the Gold Coast containing 144 apartments available for sale. 
Based on the current increased sales rate, this stock could be exhausted within 9.4 months unless new projects are released to the market. 
Click to enlarge
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Only four of the seven precincts covered in this report have low rise apartment stock and all have very low levels, with the exception of the north shore precinct. 
The north shore precinct was the best-performing low-rise precinct on the Gold Coast in terms of sales volumes, with 36 sales across three projects, while Surfers Paradise was the weakest. 
Surfers Paradise recorded only one project sale during the March quarter – XXV Breaker Street at Main Beach where two sales were recorded at $1 million each.
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With the north shore experiencing a higher-than-average sales rate, this stock level will be taken up quickly, leaving very low supply levels across the Gold Coast in the low-rise sector.
Across the region, the average sale price of a new apartment was approximately $640,848.
The report notes that the number of apartment projects have almost halved in the past three years, with just 47 projects being marketed currently compared with 80 in 2009 – the lowest level since 2004.
There were 1,245 apartments available for sale at the end of March 2012, equating to 33.1 months (2.75 years) of supply based on the current quarterly sales rate.
Only one new project was added to during the March quarter: Sykes Apartments in Southport, with one- and two-bedroom units being marketed from $285,000 to $385,000.
Three projects sold out at Coolongatta: Ciel, Elysee and Reflection Tower Two; two at Robina: Sidewalk on Scottsdale and St Kilda; and one at Broadbeach: Sierra Grand.
Tony Holland, Colliers International director of residential project market, says the increase in sales on the Gold Coast could signal a turnaround for the market.
“Confidence is clearly on the improve – the economic outlook for Queensland is good, recent changes in government at both a state and council level have created a more positive sentiment, and this month’s interest rate reduction of 50 basis points will also work to improve confidence,” he says.
“With no new stock entering the market in the short term, availability continues to fall, which will lead to supply shortages in some areas, particularly in the low-rise sector. Our research has found that for the first time in six years the low-rise sector recorded a higher sales rate than the high-rise sector, with 46 sales,” he says.
“Potential future supply of new apartments across the Gold and Tweed Coasts stands at around 12,500, 64%t of which are located between Hope Island and Surfers Paradise, but there is no certainty as to whether and when these will actually be built,” says Lynda Campbell, Colliers International Gold Coast research manager.
“The second half of 2011 saw the north shore precinct reporting sales volumes at their lowest levels since the end of 2008 but this has turned around to now be the best performing precinct on the Gold Coast, with a total of 42 sales reported for the quarter.
“The increased sales rate in the north shore precinct has resulted in a sharp decline in availability, particularly in the one-bedroom and one-plus-study sector, leaving almost no stock remaining,” says Campbell.
 
 
 
 
 
 
 
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lschlesinger-FZcF9M3vE6

Low-rise receiver sales help drive 49% increase in Gold Coast apartment sales over March quarter: Colliers

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Melbourne bookmaker Mark Read and wife Shari are having another go at selling their Sunshine Coast acreage retreat at Cooroy Mountain.
It’s been listed for June 22 auction through Ray White Rural agents Peter Douglas and Barry Quinn.
Read, who’s been involved in the sports betting industry for about four decades, once run his business out of the property.
The 10-year-old, double-story Queenslander homestead has 1,340 square metres of space across 16 rooms.
The 44-hectare cattle stud property, known as Beauty Falls, sits in the foothills of Cooroy Mountain in the Noosa hinterland.
Horse lovers will be attracted by its Olympic dressage arena, 18 seven-metre stables with four full-size horse boxes, separate tack room, wash bay and a 75-square-metre holding yard and water.
With 15 paddocks and a three-bedroom cottage, the farm improvements include a set of 125-head steel yards, loading ramp, veterinary handling crush, calf cradle and floodlights.
In the last marketing campaign around $4,875,000 was sought. There were $7 million-plus hopes on its initial 2009 listing.
The latest marketing includes commentary from Read that the property had “been on the market far too long”.
“I cannot expect even replacement cost in the current market, but in my game you do not win on every race.
“The auction will judge its value,” he said.
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Bookie Mark Read tries again to sell Cooroy Mountain horse retreat on the Sunshine Coast

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Property developer Bruce Tilley has listed his <street>Hedges Avenue</street>, <place><placename>Mermaid</placename><placetype>Beach</placetype></place> house. It's a tall house on a narrow block. The Inarc Design house was finished in 2008 to specifications that it be a high-quality residence with rock-star quality, according to its listing in the architecture gallery on the <a href="https://www.architecture.com.au/awards_search?option=showaward&amp;entryno=2009046593" target="_blank">Australian Institute of Architects website.</a>
It was noted on completion that the client had a "no pockets in a shroud philosophy" and set the budget as required to enable the desired result.
Ross Spencer and Daniel Dziadyk worked on the project, which was built by Vitto Ulliana. The interiors were undertaken by Sue Hiscox, with Tony Dowthwaite responsible for its lighting.
The McGrath selling agent Rob <city>London</city> says it’s a landmark on the Gold Coast's premier beachfront street. He suggests the four-level residence blends powerful architecture with a sleek interior ambience from its dramatic black granite foyer inwards towards the beach level entertaining area with billiards and bar, along with eco fireplace in its beachfront lounge.
It comes with an opulent master bedroom with dressing room and spa ensuite and one king bedroom suite per level. Its oak flooring was recycled from a French chateau.
There's a basement six-car garage with turntable.
Tilley, who recently turned 60, is the managing director of the First State Group, which was founded in 1992 and mostly specialises in the construction of commercial, residential and industrial property.
Offers close July 11. The 405-square-metre block cost $1.4 million in 2000.
 
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No-expenses-spared Mermaid Beach property hits the market  

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Another of <a target="_blank" href="https://www.propertyobserver.com.au/new-south-wales/receivers-list-mark-mcivors-former-double-bay-residence-teralla/2012050654572">Mark McIvor</a>’s prestige Gold Coast property holdings has been listed under receiver’s instructions.
It’s a 597-square-metre Palm Beach vacant block.
It’s been listed by Ray White Palm Beach agents Jason Taylor and Danny Fritz for June 2 auction.
“Receivers have been appointed to this prime beachfront property with instructions to sell,” their marketing says.
It comes with 10-metre beach frontage between Fourth and Palm Beach avenues.
It last traded in 1991 at $575,000, seemingly as part of a larger lot at the time.
It unsuccessfully went to auction last August through Ray White Mermaid Beach agent Troy Dowker.
 
 
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