Longstanding Gold Coast and Canberra developer <a href="https://www.apartments.com.au/developers/morris-property-group">Morris Property Group</a> is continuing to roll on with its Glitter Strip apartment pipeline, seeking to return to Mermaid Beach with a new 68-apartment development.

Morris, founded by Barry Morris in 1978 and one of the Gold Coast’s most prolific apartment developers over the past two decades, has filed plans for a 12-storey mixed-use building at <a href="https://www.apartments.com.au/new-apartments/36-seabeach-avenue-mermaid-beach-qld-4218">34-36 Seabeach Avenue</a>, on the prized eastern side of the Gold Coast Highway.

The 1,227 sqm site occupies a prominent corner position at Seabeach Avenue and the Gold Coast Highway, opposite the Mermaid Plaza retail and office precinct and around 140 metres walking distance from the future Mermaid Beach South light rail station.

<a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser &amp; Partners</a> has designed the project, which will comprise 68 apartments across a mix of 48 two-bedroom and 20 three-bedroom residences.

The building will rise 12 storeys, reaching a maximum height of 36 metres, with the apartments accounting for a total of 156 bedrooms. The development application also seeks approval for short-term accommodation across the 68 apartments, while two office tenancies are proposed at ground level.

The plans show 108 car spaces across the development, with parking accommodated at ground level and within a three-level basement accessed from Seabeach Avenue.

<img alt="Seabeach Avenue and the Gold Coast Highway" data-entity-type="file" data-entity-uuid="c2175c99-12fd-4a3c-9be1-89bbf258a90d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-20%20at%202.59.41%E2%80%AFPM_0.png?VersionId=iNLzWcE6gaAE76rafhEXfHve.4g4Se0p" />

Resident amenity will be concentrated on level two, where Fraser &amp; Partners has designed a recreation deck with a swimming pool, 90 sqm pool terrace, outdoor barbecue area and gym.

The broader communal offering will also incorporate landscaped spaces, with the planning documents noting the amenity has been designed to provide areas for recreation, social interaction and outdoor living.

The proposal would continue the transformation of the Gold Coast Highway corridor through Mermaid Beach ahead of the arrival of the light rail.

The site is zoned Neighbourhood Centre and sits within the Mermaid Beach/Broadbeach Light Rail Corridor neighbourhood plan. While the prescribed building height is 24 metres, the site is identified within an Urban Neighbourhood context providing for a 50 per cent height uplift to 36 metres.

Planning documents describe the stretch of the Gold Coast Highway between Broadbeach and Nobby Beach as increasingly characterised by medium and high-rise development, with the proposed Morris tower joining projects including Ventura, The Alfred, Oceans and Otto.

<img alt="Seabeach Avenue and the Gold Coast Highway" data-entity-type="file" data-entity-uuid="911f193f-e381-4a55-be08-58be87fcf978" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-20%20at%202.59.48%E2%80%AFPM.png?VersionId=oxVvLJaY.SOXEdXrIcogfyEXDfvCmmpM" />

The development would mark Morris Property Group's latest investment in Mermaid Beach, where it has already delivered two apartment projects.

Otto, at 1 Bondi Avenue on the western side of the Gold Coast Highway, comprises 70 apartments across nine storeys. The project was completed in 2019 and includes a residents' gym, recreation deck and swimming pool.

Morris also developed Oceans at 46 Ocean Street, a nine-storey, 70-apartment build-to-rent development completed in 2019. Oceans was the group's first build-to-rent project and incorporates commercial space at ground level.

The two existing Morris projects sit further north along the same Gold Coast Highway corridor as the proposed Seabeach Avenue development. Fraser &amp; Partners' planning analysis specifically identifies both Otto and Oceans among the established built-form precedents surrounding the site.

<img alt="Seabeach Avenue and the Gold Coast Highway" data-entity-type="file" data-entity-uuid="14925119-7b71-4812-8149-340317512c7c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-20%20at%203.00.15%E2%80%AFPM.png?VersionId=aEJqYuw_nTCjcin17BSD0piB1EFotTlj" />

Mermaid Beach represents only part of Morris' considerable Gold Coast footprint.

The family-owned developer has been particularly active in neighbouring Broadbeach, delivering projects including Sierra Grand, Eclipse, Synergy, Qube, Koko, Opus and Malo, while its current pipeline includes Maison and the two-tower Crest development.

Further south, Morris has also developed a string of projects in Burleigh Heads, including Element, Boardwalk and Sandbar, while Essentia expanded its footprint north into Surfers Paradise.

The Seabeach Avenue application has been lodged by PMM Broadbeach Pty Ltd and seeks a development permit for a Material Change of Use for multiple dwellings, short-term accommodation and office uses. Zone Planning Group prepared the planning application, with Fraser &amp; Partners commissioned as architect.

The project comes as the developer continues to expand its Gold Coast pipeline while retaining a significant presence in Canberra. Morris now has more than $2.5 billion of development in its national pipeline and has delivered more than 7,000 homes during its near five-decade history

Joel Robinson

First look: Morris Property Group returns to Mermaid Beach with new Seabeach Avenue apartment development

<a data-saferedirecturl="https://www.google.com/url?q=https://www.apartments.com.au/developers/fortis&amp;source=gmail&amp;ust=1787272340808000&amp;usg=AOvVaw3hvFB2uWTRfEyEcpTSnnK9" href="https://www.apartments.com.au/developers/fortis" target="_blank">Fortis</a>&nbsp;is continuing its stronghold on Sydn​ey’s eastern suburbs apartment market, launching&nbsp;in September&nbsp;its latest boutique&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://www.apartments.com.au/developments/double-bay-nsw-2028&amp;source=gmail&amp;ust=1787272340808000&amp;usg=AOvVaw0GI5S9-wNeiLUnM-d1uYkw" href="https://www.apartments.com.au/developments/double-bay-nsw-2028" target="_blank">Double Bay</a>&nbsp;development,&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://www.apartments.com.au/new-apartments/55-william-double-bay-55-william-street-double-bay-nsw-2028&amp;source=gmail&amp;ust=1787272340808000&amp;usg=AOvVaw2YNouJQcFjiTTgVHbgDLA-" href="https://www.apartments.com.au/new-apartments/55-william-double-bay-55-william-street-double-bay-nsw-2028" target="_blank">55 William</a>.

55 William presents&nbsp;just eight north-facing&nbsp;two-bedroom, three-bedroom and full-floor&nbsp;residences to the market, priced from $4.5 million.

The upcoming launch comes just weeks after Fortis secured approval for the $80 million development, its third eastern suburbs approval in two months. Construction is already underway, with completion targeted for 2028.

[smartcode_project:default project_id=152579 project_image_fid=376250]

55 William adds to a growing concentration of Fortis projects in and around Double Bay, a market the developer has become increasingly active in over recent years.

Fortis previously completed the nine-residence Marmont on New South Head Road, while it is currently developing a mixed-use residential and retail project at 12 Cross Street. Its wider Double Bay footprint also extends into commercial and retail development.

The developer's broader Sydney residential pipeline is particularly concentrated across the eastern suburbs, with projects spanning Doub​le Bay, Ro​se Bay, Wo​ollahra, Dar​ling Point, Poi​nt Piper and Eli​zabeth Bay.

[smartcode_project:default project_id=152579 project_image_fid=376253]

At 55 William, Fortis has again turned to MHN Design Union, the architecture practice behind several of its eastern suburbs projects, while London-based 1508 London has been appointed to handle the interiors and Wyer &amp; Co the landscaping.

The six-level building will comprise a combination of two and three-bedroom apartments, including a garden residence, full-floor apartments, a sub-penthouse and penthouse. Each residence will have secure basement parking and private outdoor space.

A rooftop terrace for all residents, along with select apartments, enjoys views across Double Bay Harbour and toward the Sydney skyline.

Ceiling heights will reach up to three metres&nbsp;in select residences, while the kitchens will feature natural stone and integrated Gaggenau appliances.

&nbsp;

&nbsp;

The boutique nature of the project reflects the type of stock Fortis has increasingly targeted across Sydney's eastern suburbs, where larger apartments and smaller buildings are being pitched primarily toward local owner-occupiers and downsizers.

Fortis Group General Manager Ed Eve said the developer continues to see demand from buyers wanting to remain in the eastern suburbs but move into newer, lower-maintenance housing.

“We're seeing continued demand from local owner-occupiers and downsizers looking for high-quality homes that allow them to remain in the eastern suburbs, close to the lifestyle and community they know,” Eve said.

55 William is also one of the early projects to respond directly to the NSW Government's Low and Mid-Rise Housing reforms. Fortis had previously secured approval for just two townhouses on the 599 sqm site before revising the scheme to eight apartments following the planning changes.

Situated one street back from Double Bay's water's edge, the project enjoys an enviable harbourside setting within walking distance of Double Bay Village and the ferry wharf.

[smartcode_project:default project_id=152579 project_image_fid=376252]

Fortis has increasingly made the eastern suburbs a major focus of its Sydney pipeline. Beyond Double Bay, it recently completed the 14-residence Piper in Point Piper and has projects underway or planned across Rose Bay, Woollahra and Darling Point.

The developer recently secured approval for Verano in Rose Bay, a six-level development comprising 21 two, three and four-bedroom apartments, also designed by MHNDU.

55 William&nbsp;is soon to be release to the market with VIP appointments commencing early September,&nbsp;with residences priced from $4.5 million.

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Fortis continues eastern suburbs push with 55 William launch

UAE-based developer Arada has unveiled plans for a $2 billion twin-tower apartment development in Broadbeach, marking its first move into Queensland as it continues its rapid expansion across Australia.

Arada will develop 952 apartments across two towers on a prominent site opposite the Gold Coast Convention and Exhibition Centre, with the project targeted for completion ahead of the Brisbane 2032 Olympic and Paralympic Games.

The project represents Arada's largest commitment to the Australian market since arriving in the country in 2024 and significantly expands a local pipeline that has now grown to eight projects and more than 5,000 homes.

It will also be the first major Queensland project delivered by Roberts Co since the tier-one contractor was acquired by Arada Group in 2025.

Plus Studio has designed the Broadbeach development, which will comprise one, two and three-bedroom apartments across two towers connected by a landscaped podium.

A significant resident amenity offering will include lagoon and lap pools, a gym, sauna and steam room, alongside a mist room, infrared room and salt scrub facilities. Communal terraces, private dining areas, a library, residents' lounge and work-from-home spaces are also planned. Around 1,200 sqm of retail and hospitality space will occupy the ground floor.

The site puts Arada in one of the Gold Coast's most active apartment markets, directly opposite the convention centre and within walking distance of Pacific Fair, The Star Gold Coast and Broadbeach's dining and retail precinct.

It also has immediate access to the Gold Coast light rail network and sits just a few blocks from the beach.

Arada Group Chief Executive Ahmed Alkhoshaibi said Broadbeach represented an opportunity for the developer to expand beyond its initial NSW pipeline.

“Broadbeach is a world-class address that gives us the canvas to create a community of exceptional design and lifestyle quality that genuinely enriches the daily lives of the people who call it home,” Alkhoshaibi said.

“This is our first development outside New South Wales, and it reflects our growing ambition to grow in key urban markets around the country.”

Alkhoshaibi said bringing Roberts Co into the project would give Arada greater control over the development and construction process.

“Delivering this project through Roberts Co, our own tier-one construction business, means we can bring the quality, pace and accountability that our buyers expect.”

The move into Broadbeach comes as Arada accelerates its Australian expansion following its entry into the market two years ago. The developer has assembled a pipeline of eight projects comprising more than 5,000 homes, while the acquisition of Roberts Co last year gave the group its own Australian construction capability.

Globally, Arada has a development portfolio valued at $50 billion comprising more than 55,000 homes across the UAE, United Kingdom and Australia.

The Gold Coast is emerging as the next major market for the developer, with strong population growth and infrastructure spending ahead of the 2032 Games continuing to underpin significant apartment development across the coastal strip.

Arada plots $2 billion Broadbeach towers in major Queensland move

Sydney’s downsizer market is changing, with a growing cohort of buyers prioritising the right home over simply finding a smaller one.

Coronation Property Head of Sales Cam Porter says the traditional idea of downsizing does not necessarily reflect what many buyers are now looking for, particularly those moving from established family homes across Sydney.

Instead, he says they are increasingly becoming “right-sizers”, seeking lower-maintenance homes without sacrificing the space, amenity or quality they have become accustomed to.

“We are increasingly seeing buyers who are not motivated by the idea of simply moving into a smaller property,” Porter says.

“They are right-sizers. They want a home that is easier to manage and better connected, but they still expect generosity, quality and a floorplan that supports the way they live.”

It is a subtle but important distinction in a market where apartment developers are increasingly targeting established owner-occupiers.

[smartcode_project:default project_id=135149 project_image_fid=377495]

For many of these buyers, moving from a house to an apartment is not driven by a desire to dramatically reduce their living space. Instead, the appeal is in removing some of the maintenance associated with a larger home while retaining generous living areas, storage and enough flexibility to accommodate family and friends.

Coronation’s sales team is seeing buyers place particular importance on natural light, practical storage and additional rooms that can be used as guest bedrooms, home offices or secondary living spaces.

Kitchens and dining areas are also playing an increasingly important role, particularly for buyers who regularly entertain or have children and grandchildren visit.

[smartcode_project:default project_id=135149 project_image_fid=377494]

“These buyers still want their home to feel generous,” Porter says.

“They may want less maintenance, but they are not looking for less life.”

The challenge for the broader housing market is providing enough of the right stock to encourage that move.

While much of the discussion around Sydney’s housing shortage has centred on the number of homes being delivered, Porter says the diversity of those homes is equally important.

Older homeowners can remain in large family houses for longer when they cannot find an appropriate alternative in the neighbourhoods where they have built their lives.

“The decision is rarely as simple as wanting fewer bedrooms,” Porter says.

“People are weighing up their connection to a neighbourhood, the space they need for family, the quality of the home and whether it will continue to work for them over the long term.”

It also has implications beyond the downsizer market. Providing suitable apartments for smaller households can free up established houses for families who need the additional bedrooms and land, creating greater movement through the housing market.

<h2>Lillian targets the next stage of apartment buyer</h2>

It is a buyer Coronation is targeting at <a href="https://www.apartments.com.au/new-apartments/lillian-erskineville-9-metters-street-erskineville-nsw-2043">Lillian</a>, its new collection of apartments, terraces and penthouses at Erskineville Village.

Designed by Silvester Fuller, Lillian has been shaped around larger living spaces, natural light and flexible floorplans, alongside landscaped areas, wellness amenity and communal spaces for residents.

The development will form part of Coronation’s broader Erskineville Village precinct, which will combine new homes with green space, retail, hospitality and new pedestrian connections.

[smartcode_project:default project_id=135149 project_image_fid=377688]

McPherson Park will sit at the centre of the precinct, creating a significant new green space alongside the project’s retail and hospitality offering.

For Porter, the opportunity is to give buyers another housing option without forcing them to leave the part of Sydney they already know.

“People should be able to change the type of home they live in without having to change their entire life,” he says.

“For many buyers, Lillian offers the opportunity to remain connected to the Inner West and the city, while gaining access to a more convenient, walkable and considered way of living.”

[smartcode_project:default project_id=135149 project_image_fid=377687]

Coronation will explore the changing <a href="https://lillianresidences.com.au/news/lillian-x-space-x-downsizers-event-27-august/">right-sizer market at an event on August 27</a>, bringing together experts across property, design and lifestyle.

Held in partnership with SPACE, Poliform and Downsizer.com.au, the event will include a property market outlook from economist Michael Blythe alongside discussion around the considerations facing buyers planning their next move.

Attendees will also be able to learn more about the residences and amenity planned at Lillian Erskineville.

[smartcode_project_cta:default project_id=135149]

From downsizing to right-sizing: What Sydney buyers want from their next home

Family-owned builder and developer <a href="https://www.apartments.com.au/developers/omaya">Omaya</a> is bringing its 27-storey The Maybelle development to market, with the 229-apartment tower rising alongside Ismay Reserve near North Strathfield.

<a href="https://www.apartments.com.au/new-apartments/the-maybelle-21-parramatta-road-homebush-nsw-2140">The Maybelle</a> will comprise one, two and three-bedroom apartments, with its height providing elevated outlooks towards the Sydney skyline and Harbour Bridge, while other residences will look across neighbouring Ismay Reserve.

Designed by <a href="https://www.apartments.com.au/architects/squillace-architects">Squillace Architects</a>, the tower combines its parkside setting with proximity to the established retail, dining and transport amenity around North Strathfield.

[smartcode_project:default project_id=134873 project_image_fid=376196]

Residences will feature open-plan living spaces and a choice of two interior schemes, while communal amenity is spread across two elevated levels of the building.

Level 8 will be home to the Garden Pavilion, a full-floor resident space incorporating communal entertaining and breakout areas, seating and recreation spaces. Further up the tower, a landscaped Sky Terrace on Level 14 will provide another communal area with panoramic views towards the Harbour Bridge and Sydney skyline.

At ground level, the development sits directly alongside Ismay Reserve, where lawns, walking paths, children's play areas, picnic spaces and recreational facilities extend the green space available immediately around the project.

[smartcode_project:default project_id=134873 project_image_fid=376194]

The Maybelle is also within walking distance of North Strathfield and the Bakehouse Quarter, which provides a mix of cafés, restaurants, shops and everyday services.

Existing rail and bus services provide connections across Sydney, while the future North Strathfield Metro and access to the M4 will add to the transport options available around the precinct. Walking and cycling routes also extend via Powells Creek towards Sydney Olympic Park and its sporting, entertainment and parkland precincts.

Families are also well positioned for access to a broad selection of established schools and education options across Strathfield and the surrounding Inner West.

[smartcode_project:default project_id=134873 project_image_fid=376181]

Omaya has operated in Sydney for more than 35 years, managing projects from acquisition and design through to construction and delivery. The family-owned company is both developer and builder of The Maybelle.

Apartments start from $560,000, with the development protected by 10-year Latent Defects Insurance.

Construction is well underway, with completion expected by the end of 2026 and move-in anticipated from Q1 2027.

[smartcode_project_cta:default project_id=134873]

The Maybelle brings 27-storey parkside tower to market near North Strathfield

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>

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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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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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ntrotman-Et3xWpamVh

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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Countdown to summer: Kym Illman's Nautica at Palm Beach on the Gold Coast

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This one really offered the prospect of sand between the toes regularly over summer, but also bringing plenty of it inside the Newell Beach house.
<a href="https://www.homehound.com.au/11+olive+street+newell+qld+4873/" target="_blank">It sold for $965,000 a few months ago</a>. The four-bedroom Tony Driscoll-designed beach house is positioned to maximise the view and cool sea breezes.
Set on the edge of the Coral Sea and Great Barrier Reef, there's also the rainforest and mountains of the Daintree in the hinterland.
The casual beach house, which is absolute beachfront on secluded Newell Beach, is set just 20 minutes north of cosmopolitan <a target="_blank" href="/news">Port Douglas</a>.
It was being sold fully furnished with the holiday letting business already in place and running.
Mark Flinn of Ray White Port Douglas had the listing from March 2010 until August 2012 when it sold.
The initial asking price was $1.9 million, and this time last year they'd have taken $1.3 million.
The 912-square-metre holding last sold at $566,000 in 2002.
There had been three sales above $1.1 million on the strip of five homes in 2007.
There's the chance to<a href="https://www.propertyobserver.com.au/https://www.raineandhorne.com.au/portdouglas/properties/240851" target="_blank"> buy next door </a> at $795,000 through Raine &amp; Horne Port Douglas Mossman agent David Cotton.
It's The Treehouse, an elevated, two-bedroom holiday home.
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jchancellor-FAypfDUnLy

Aussie beach homes with allure: Countdown to the summer holidays

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The series finale of Grand Designs Australia features a "semi-brutalist" contemporary home in Queensland’s Ocean View.
The concrete home is designed to last and was driven by couple Brunella and Carlo’s passion for concrete.
Almost 50 metres of a six-metre-high concrete wall will form the spine of the house.
A concrete gallery style wall will extend the full length inside and polystyrene blocks filled with more concrete will shape the ground floor.
A series of consecutive bedrooms, a kitchen and a main living space will run off one long corridor.
Upon entry to the home, a staircase leads to either the upstairs or bottom level, with the master bedroom and study upstairs.
Upstairs also plays host to an outdoor terrace with an outdoor fireplace.
The outside façade is rendered in concrete gray and is solid and bold.
“In no way does this building look warm and inviting,” says Grand Designs host Peter Maddison.
“A site with no water, no sewerage, termites, bushfires, high winds and soil instability… brutalist seems to be the right way to go,” says Maddison.
<a target="_self" href="/news">Ocean View</a> is a rural suburb of Queensland, located north of Dayboro.
It has a population of 3,720 residents, and separate houses account for 98.5% of dwelling types.
Current market listings range from $459,000 for a <a target="_blank" href="https://www.domain.com.au/Property/For-Sale/House/QLD/Ocean-View/?adid=2009555728">three-bedroom, one-bathroom home</a> to $1,185,000 for a <a target="_blank" href="https://www.domain.com.au/Property/For-Sale/House/QLD/Ocean-View/?adid=2009554845">three-bedroom, two-bathroom home</a>.
Last week’s episode featured a house in the <a href="https://www.propertyobserver.com.au/renovating/people-in-barossa-valley-glass-houses-on-grand-designs/2012112858157http:/www.propertyobserver.com.au/renovating/people-in-barossa-valley-glass-houses-on-grand-designs/2012112858157">Barossa Valley</a> that was virtually all glass in the hope of capturing the Barossa Valley views.
The Ocean View House episode will air on the Lifestyle channel on December 6 at 8.30pm.
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Semi-brutalist right at home in Ocean View on this week's Grand Designs

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The Sydney-based former Queensland premier Anna Bligh, recently appointed by the federal government to the board of health insurer Medibank Private, has sold her south Brisbane home, which went to recent auction with $1 million-plus hopes.
There were five registered bidders, but not a single offer at its September auction.
Bligh co-owned her renovated <a href="https://www.raywhitesouthbrisbane.com.au/property/STB4471003" target="_blank" rel="nofollow">1890 Highgate Hill </a>home with her husband, Greg Withers, having bought it in 1997 for $290,000.
After its $900,000 vendor bids, it was listed through Ray White South Brisbane.
It was marketed as a four-bedroom, two-bathroom house oozing "charm and character of a bygone era".
It has a land value of $710,000.
A nearby three-bedroom house on a similar 827-square-metre block fetched $900,000 last year, and a four-bedroom house fetched $825,000 in 2010.
Bligh has been renting in Sydney's inner east before buying, spotted recently at a Paddington open for inspection.
Her move to Sydney came following Withers taking a job at Arts NSW.
The couple also own investment units in West End and Highgate Hill, which have not been listed for sale.
The RP Data median house price for <a href="/news">Highgate Hill </a>was $755,000 when she initially listed, having dropped 2.6% in the past year, and now sits at $744,000, reflecting a 4.3% annual drop.
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Anna Bligh sells her Highgate Hill home

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The Gold Coast waterfront home of Gary Diamond has sold at mortgagee auction after his Pets Paradise businesses went into receivership in July.
The Paradise Waters property, with 20 metres of water frontage and its own beach, fetched $1.74 million among the 12 sales totalling $9.7 million at today’s Ray White Surfers Paradise auction.
<img src="/images/stories/2012/11/petsparadise.jpg">
Some 16 residential properties were offered under the hammer in front of 81 registered bidders, reflecting a clearance rate of 75%.
<a target="_blank" href="https://www.michaelwillems.com.au/pol/property/search.asp?f_propertyID=1949432&amp;xsl=2611&amp;f_st=1&amp;f_ct=1,2,3,4&amp;f_ps=2">Ray White Prestige Gold Coast </a>agent Robert Graham and Michael Willems sold Diamond's four-bedroom Admiralty Drive mansion.
It had been briefly listed last year and for an extended period in 2009 through the Lucy Cole agency. It had $3.75 million expectations on its initial 2008 listing.
<img src="/images/stories/2012/11/petsparadise2.jpg">
PPB Advisory's David Leigh and Grant Sparks, the receivers, sold the house to recoup some of the estimated $11 million owed to Bank of Queensland.
Diamond bought the 733-square-metre block for $2 million in 2006 before commissioning the house, which was finished two years later.
Ray White Surfers Paradise Group chief Andrew Bell said buyer activity was "continuing to strengthen across the property spectrum and buyers are identifying unrivalled value in Gold Coast property.”
“We are now feeling the effects of this year’s interest rate drops and this is adding to the perception buyers should get into the market.
“This was evidenced today, in what was a very active auction room – competition amongst buyers is certainly on the increase,” Bell said.
RWSP Group will hold its final residential and commercial auction for 2012 on December 13 and its annual two-day auction showcase, The Event, on January 27 and 31 next year.
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Pets Paradise boss Gary Diamond's Gold Coast house sold

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The founder of the collapsed Gold Coast lender Equititrust, Mark McIvor is now bankrupt.

The Federal Magistrates Court, Brisbane ruling ordered the sequestration against Mark McIvor’s remaining estate.
It ruled the bankruptcy effective from October 22.
Mark McIvor was bankrupted by his former long-term lawyer and confidante, David Tucker, who once served on the board of Equititrust, over unpaid legal bills.
About 1400 investors lost all or part of their savings when the $260 million fund collapased.
His private assets, both residential and commercial, have been randomly sold off by mortgagees.
Its included his Cronin Island, Gold Coast place of residence and a house in Double Bay. 
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Equititrust's Mark McIvor bankrupt

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The author Linda Wilde, who listed her Gold Coast home in 2010 to fund the publicity of her book, Sex, Do you want more? Yes please, actually never got to sell her investment property.
The Vaggelas Crescent property auction appeared in a repeated televising of the Michael Caton Hot Property series this week on Channel 9.
On its October 2010 auction it was reported Wilde was downsizing her Biggera Waters, Gold Coast, home in order to fund the publicity of her book. 
It was passed in at auction some $50,000 short of her expectations as she was seeking to make a small profit of her initial outlay.
She had bought the waterfront duplex unit as new for $725,000 in 2003.
Featuring Campbell Moore at Harcourts Broadbeach, the auction first aired on Channel 9 in July 2011 when there were $800,000 hopes. It then had a $769,000 post-auction marketing asking price.
An envisaged May 2012 auction didn't proceed as the property's appearance had deteriorated during its tenancy.
"Tenants wrecked the place," one agent advised Property Observer.
After the auction it became available for $650 a week rental. Tenancy changes triggered a new rental marketing campaign at $620 a week in July this year.
Positioned on a tranquil canal just metres from the Broadwater, it was a  two-storey duplex unit.
The north-to-water abode home features a tiled open-plan living space that incorporated a granite kitchen with cream cabinetry, stainless steel appliances and a breakfast bar.
It came with tidy lawn and a shared pontoon which bridges a private sandy beach to the canal.
The ground level also accommodates a bedroom with a two-way bathroom and a walk-in wardrobe, a laundry and internal access to the double garage.
She bought the waterfront duplex unit as new for $725,000 in 2003.
It was here that she penned her <a target="_blank" href="https://www.lindawilde.com/">debut book </a>Sex, Do you want more? Yes please under the nom de plume Linda Wilde.
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Hot Property vendor author Linda Wilde never sold her Gold Coast investment

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Fewer than 10% of inner-Brisbane apartments are being snapped up by owner-occupiers, with the market the toughest it has been in 25 years, says property developer David Devine.
Devine’s Metro Property Development, which he founded with Ken Woodley in 2010, has been able to build its position of having the top-selling projects in Brisbane by tapping into the investor market, with its Chelsea apartment project in Bowen Hills now completed, five projects under construction and $600 million worth of projects in the pipeline.
“We left Devine three years ago and came out of there with no baggage. We bought all our development sites post-GFC, so there’s nothing hidden in our closet.
“And the banks have backed us to the hilt,” Devine tells Property Observer.
He says a big challenge for other developers is obtaining financing.
Devine says lenders require that 100% of project debt be covered, meaning developers must sell 65% of apartments in a project off the plan to get funding approval.
“Many of the projects that are being marketed off the plan will not achieve the pre-sales requirement demanded by the banks. There is a lot of competition. Very few projects achieve enough sales.”
Metro has just launched its $450 million multi-stage Central Village development in Fortitude Valley, with the <a target="_blank" href="https://www.propertyobserver.com.au/queensland/cambridge-weekend-sales-by-metro-property-in-fortitude-valley/2012111657909">first stage featuring 163 apartments over 18 storeys </a>managing 73 sales in its first few weeks since launching. 
Another project – Broadway on Ann featuring 200 apartments in Fortitude Valley – is due to come to market next year.
Metro had the top two selling projects over the September quarter, selling 54 apartments in The Plaza in South Brisbane and 44 in in Brooklyn on Brookes in Fortitude Valley – a joint venture between Metro and Indian-based developer Pearls Australasia, according to the most recent Place Advisory report.
Devine says Metro’s ability to offer apartments to investors that qualify for the federal government’s national rental affordability scheme (NRAS) and that appeal to investors acquiring property through their self-managed super funds are key reasons for its success to date.
Metro’s first completed project, the Chelsea in Bowen Hills, had a 20% NRAS allocation while its Madison Heights project has more than 50% of its 308 apartments available as NRAS investments.
“People that have misconceptions about NRAS have not understood it. It is a stimulus package by the federal government where all stakeholders are winners,” he says.
Metro has also tapped into the overseas market, primarily in Asia, with 20% of apartments allocated to this market.
“We’ve done that 20-odd years. Overseas buyers are the most secure of all sales,” he says.
Devine also says Metro’s “broad-based marketing strategies” have helped underwrite sales in a difficult market.
Devine says he has engaged with people who have helped successfully market his developments at Devine Limited and over a career spanning nearly three decades, including more than $1 billion worth of inner-city apartments completed.
“A lot of people who have worked with us over the years, we have engage to sell our property interstate and overseas.
In other words, says, marketing director Ken Woodley: “We’re a marketing company that develops property, not developer that markets properties.”
 
<hr class="system-pagebreak">
 
Metro has a 10-point checklist for each of it developments, which include that development is situated in a location where people will want to live, that it is close to services and transport.
Metro also chooses locations that embrace Brisbane’s café society and theatre-lifestyle.
Metro's major projects
<table style="width: 470px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td width="150" valign="bottom">
Project
</td>
<td width="152" valign="bottom">
Location
</td>
<td width="105" valign="bottom">
Yield
</td>
<td width="84" valign="bottom">
End Value
</td>
<td width="123" valign="bottom">
Status
</td>
</tr>
<tr>
<td width="150">
The Chelsea Bowen Hills
</td>
<td width="152">
Hamilton Place, Bowen Hills
</td>
<td width="105">
195 apartments
</td>
<td width="84">
$85 million
</td>
<td width="123">
COMPLETED
</td>
</tr>
<tr>
<td width="150">
Madison Heights
</td>
<td width="152">
Mayne Street, Bowen Hills
</td>
<td width="105">
308 apartments
</td>
<td width="84">
$130 million
</td>
<td width="123">
272 sales completed, under construction
</td>
</tr>
<tr>
<td width="150">
Brooklyn on Brookes
</td>
<td width="152">
Cnr Cnr Brookes &amp; Ann Streets, Fortitude Valley
</td>
<td width="105">
216 apartments
</td>
<td width="84">
$90 million
</td>
<td width="123">
178 sales completed, under construction
</td>
</tr>
<tr>
<td width="150">
Orchard Grove
</td>
<td width="152">
Orchard Rd, Doreen (Melbourne)
</td>
<td width="105">
175-lots
</td>
<td width="84">
$40 million
</td>
<td width="123">
Under construction
</td>
</tr>
<tr>
<td width="150">
Woodlands Edge
</td>
<td width="152">
Wallan (Melbourne)
</td>
<td width="105">
575-lots
</td>
<td width="84">
$200 million
</td>
<td width="123">
Under construction
</td>
</tr>
<tr>
<td width="150">
The Plaza
</td>
<td width="152">
Cnr Russell &amp; Manning Sts, South Brisbane
</td>
<td width="105">
168-apartments
</td>
<td width="84">
$75 million
</td>
<td width="123">
138 sales, under construction
</td>
</tr>
<tr>
<td width="150">
Central Village
</td>
<td width="152">
Cnr Water &amp; Brunswick Sts, Fortitude Valley
</td>
<td width="105">
~1,000 apartments + retail and commercial
</td>
<td width="84">
$450 million
</td>
<td width="123">
Launched November 2012
</td>
</tr>
<tr>
<td width="150">
Broadway on Ann
</td>
<td width="152">
Commercial Rd and 977 Ann Street, Fortitude Valley
</td>
<td width="105">
~200 apartments
</td>
<td width="84">
$105 million
</td>
<td width="123">
Due to be launched 2013
</td>
</tr>
</tbody></table>
According to Ken Woodley, the percentage of local buyers – owner-occupiers and investors – has fallen from around 60% to less than 10%, with the fall-off beginning when the RBA lifted the cash rate by 25 basis points on Melbourne Cup Day 2010 followed by further rate rises which “killed” consumer confidence.
Woodley says another three rate cuts are required to bring variable mortgage rates to around 5.9% to reverse this trend.
“We sold 62% of the 439 apartments in Hamilton Harbour [a Devine Limited project] to local buyers. Now it’s down to 8% or 9% are local buyers.”
Metro currently has $600 million worth of committed projects in the pipeline and is the dominant player in the inner-city market.
But Devine says its aim is not market domination but to deliver an attractive proposition to investors.
He says in current market conditions, Metro can deliver around 600 units a year in Brisbane and a bit more in a booming market.
</body></html>

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