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

Joel Robinson

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

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

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

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

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

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

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

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

Abadeen, PERIFA, top out Putney Wharf harbourfront precinct

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

<html><body>
Experienced property developer Jack Ray has become the latest Mermaid Beach millionaire’s row sales victim.
His two-bedroom Hedges Avenue beachfront cottage has been sold after being listed with $4.2 million-plus hopes through Michael Kollosche at Ray White Broadbeach.
No sale price has been revealed.
He had paid $5.85 million for the property in September 2008, buying from a company linked to another high-profile developer, Mike Moorhead.
Moorhead had done a full renovation on the house, so Ray’s only additions were to enclose the garage.
The home is on a 405-square-metre block opposite the Republic Café.
The cottage’s peak sale was $6.75 million in 2007 when sold by hypnotherapist Carolyn Balanda, having previously traded at $5.97 million in 2006.
Moorhead and Balanda had also been involved in a 2007 sale when she sold to Moorhead on Albatross Avenue for $8.45 million.
Moorhead then sold it for $7 million in 2008, and Kollosche had the 782-square-metre vacant block recently listed at $5.9 million plus until its withdrawal earlier this month.
When he listed last October Ray indicated the likelihood that he would buy again in Mermaid Beach possibly on nearby Albatross Avenue with rebuilding intentions with his partner, high-profile television personality Natalie Gruzlewski, the host of The Farmer Wants a Wife.
 
 
 
</body></html>

jchancellor-FAypfDUnLy

Property developer Jack Ray and Natalie Gruzlewski looking elsewhere on Mermaid Beach despite copping loss

<html><body>
Toowoomba is one of just <a href="https://www.propertyobserver.com.au/hotspots/queensland-towns-dominate-list-of-hotspot-kings-for-three-years/2012030553676">nine locations</a> that has been listed as an investment hotspot three years running (2010-2012) by Australian Property Investor magazine in its annual Hot 100 list.
As Australia's second-largest inland city (after Canberra), Toowoomba could benefit from providing services to the Surat Basin about 160 kilometres to the north west, Australia’s largest coal seam gas (CSG) mine.
However, the town is still recovering from the devastating effects of the 2011 inland tsunami that claimed 22 local lives and caused $7 billion worth of damage to homes and infrastructure in the town and neighbouring Lockyer Valley. Residents complain that the pace of reconstruction remains slow while some home owners continue to battle with insurers to rebuild their homes.
Location and demographics
Toowoomba is located 127 kilometres west of Brisbane. It is bounded by the South Burnett region in the north, the Somerset region and the Lockyer Valley region in the east, the Southern Downs region and the Goondiwindi region in the south, and the Dalby region in the west.
It has an estimated district population of about 150,000, which is expected to reach 231,000 by 2031 and possibly as high as 250,000 under a high-growth scenario (Canberra has a current population of 358,000).
The Queensland government forecasts Highfields, 14 kilometres north of Toowoomba, along with Toowoomba south-east, Toowoomba west and Westbrook, 12 kilometres south of Toowoomba, to grow the fastest over the next four years.
According to ABS statistics, the Toowoomba municipality’s unemployment rate dropped from 3.5% to 1.6% between 2005 and 2009, and its population grew by 7%.
 Key property data
According to RP Data, Toowoomba is more affordable than nearby Chinchilla (also a mining hotspot) and significantly more affordable than hotspot king Gladstone, though returns are lower.
<table cellpadding="0" cellspacing="0" border="1" style="width: 470px;"><tbody>
<tr>
<td valign="top" width="123">
 
</td>
<td valign="top" width="123">
Median house price
</td>
<td valign="top" width="123">
Yield
</td>
<td valign="top" width="123">
Median unit prices
</td>
<td valign="top" width="123">
Yield
</td>
</tr>
<tr>
<td valign="top" width="123">
Moranbah
</td>
<td valign="top" width="123">
$510,000
</td>
<td valign="top" width="123">
12%
</td>
<td valign="top" width="123">
SNR
</td>
<td valign="top" width="123">
SNR
</td>
</tr>
<tr>
<td valign="top" width="123">
Rockhampton
</td>
<td valign="top" width="123">
$217,500
</td>
<td valign="top" width="123">
6%
</td>
<td valign="top" width="123">
$447,500
</td>
<td valign="top" width="123">
5%
</td>
</tr>
<tr>
<td valign="top" width="123">
Gladstone
</td>
<td valign="top" width="123">
$437,000
</td>
<td valign="top" width="123">
5%
</td>
<td valign="top" width="123">
$350,000
</td>
<td valign="top" width="123">
7%
</td>
</tr>
<tr>
<td valign="top" width="123">
Toowoomba
</td>
<td valign="top" width="123">
$275,000
</td>
<td valign="top" width="123">
5%
</td>
<td valign="top" width="123">
$233,500
</td>
<td valign="top" width="123">
5%
</td>
</tr>
<tr>
<td valign="top" width="123">
Chinchilla
</td>
<td valign="top" width="123">
$320,000
</td>
<td valign="top" width="123">
5%
</td>
<td valign="top" width="123">
$252,500
</td>
<td valign="top" width="123">
8%
</td>
</tr>
</tbody></table>
 
About a third (31%) of residents in Toowoomba and the Lockyer Valley rent.
Hotspotting.com.au director Terry Ryder warns against investing in locations solely reliant on the resources boom.
In this respect, Toowoomba is more than just a base for mining companies. It has a diverse economy with major industries including manufacturing, agriculture and education. Toowoomba has more than 23 private schools and a technical college, as well as being home to a campus of the University of Southern Queensland.
Ryder describes Toowoomba as a “prime example of a strong regional economy that benefits from the resources boom but doesn’t rely on it – making it a safe long-term bet for investors.
“Toowoomba has a diverse economy, a secure water supply … and an exciting future given everything that is happening in the neighbouring Surat Basin, Australia’s new resources boom province,” Ryder explains as part of his reason for selecting Toowoomba in Smart Property Investment magazine’s 2012 list of 50 locations with the most price growth potential.
Toowoomba was also one of <a href="https://www.propertyobserver.com.au/australian-capital-territory/of-15000-suburbs-21-rise-to-the-top-as-worth-a-look-for-investors/2011072750933" target="_blank">only 21 locations to be included on hotspot lists</a> of both Your Investment Property magazine and Australian Property Investor last year.
Toowoomba is the top pick of RP Data’s David Williams, who says “Toowoomba is quickly becoming a base town for [CSG] mining companies”.
Current state of the market
According to the January 2012 ANZ Australian Housing Chart book, Toowoomba was one of the better-performing regional locations in Queensland, with price growth of around 3%. This is well below that of hotspot king Gladstone, but it is higher than the overall regional Queensland market and Brisbane.
Click to enlarge
<a href="/images/stories/qldgrowth.gif" rel="shadowbox" title="Click to enlarge"><img src="/images/stories/qldgrowththumb.gif"></a>
Source: ANZ January 2012 Housing Chart Book
Demand for property in Toowoomba will likely be underpinned by strong population growth in the neighbouring Lockyer Valley, which is one of Australia’s fastest-growing regional areas:
Click to enlarge
<a href="/images/stories/fastregional.gif" rel="shadowbox" title="Click to enlarge"><img src="/images/stories/fastregionalthumb.gif"></a>
Source: ANZ January 2012 Housing Chart Book
What local estate agents say
Lynn McLean, owner of Realpoint Property owner, reports an increase in sales in January. "It's all starting to finally happen for the Surat Basin," she told the Toowoomba Chronicle. "Last week I sold five other blocks of land specifically to cater for the mining industry.”
McLean says she has “a waiting list of people looking for blocks of units and duplexes” and has been taking delegations of interstate and overseas investors on tour of the city's real estate.
She is currently marketing a two-bedroom house on Jellicoe Street (pictured below) on a 1,400-square metre-lot for $315,000 as a development opportunity suited for mine workers.
<img width="470" src="/images/stories/toow1.jpg">
“At the very western end of Jellicoe Street, so is perfectly situated for accommodation units for the mining workers,” she writes.
It is currently rented at $205 per week, reflecting a yield of 3.38%
“You could divide it into two lots, both lots would have good street frontage or you could remove the house and build five units,” she says.
A pick-up in activity has also been noted by Collier International's Dominic Ryan, after a slow 2011.
According to Ryan there has been a lot of interest of late from investors in towns near the Surat Basin. Ryan expects rents to start rising.
Another agent, Daniel Steinberg from Ray White Toowoomba is selling this four-bedroom house on Winning Street currently rented at $355 per week at an asking price of $345,000.
This equates to a yield of 5.35%.
<img width="470" src="/images/stories/toow2.jpg">
“Act now before the mining rental boom hits the west side of Toowoomba,” he writes.
Reasons to buy:
<ul>
<li>Growing reputation as gateway to Surat Basin driving up residential sales</li>
<li>More affordable than other regional locations near mining activity</li>
<li>Growing population </li>
<li>Not just reliant on mining but a thriving multi-sector regional town</li>
<li>Investors in new homes in Toowoomba can take advantage of the $10,000 building boost until April</li>
</ul>
Reasons not to buy:
<ul>
<li>Physical scars still remain from the devastating inland tsunami </li>
<li>Reports that buyers remain “spooked” about buying in flood-affected towns.</li>
</ul>
</body></html>

lschlesinger-FZcF9M3vE6

Hotspots: Toowoomba could be headed for recovery

<html><body>
Remote north Queensland mining towns dominate a list of the state’s top-performing suburbs in 2011, according to RP Data’s list of top 100 house price growth suburbs.
Reflecting the underperformance of the Queensland housing market in 2011, there are only 12 sunshine state locations on the list, with nine of these having strong ties to mining and natural resources activity.
All nine mining towns rank inside the top 50 with four inside the top 10 suburbs <a href="https://www.propertyobserver.com.au/queensland/hotspot-high-yields-and-price-growth-in-moranbah-but-best-time-to-buy-may-have-passed/2012022753563" target="_blank">led by top placed Moranbah</a> in the Isaac region coal belt as well as nearby Clermont, which ranked 22nd.
Moranbah is followed by a cluster of towns around Gladstone, the epicentre of $75 billion worth of liquefied natural gas, rail and port projects. These include New Auckland (third), Clinton (sixth) and West Gladstone (eighth).
Ray White Gladstone principal Andrew Allen says investors make up 60% of buyers in the region, with vacancies in 2011 below 1% despite a record number of dwellings approved by the council.
About 10,000 new workers are expected in Gladstone over the next 12 months, with mining companies building 4,000 accommodation units and the Queensland government developing about 1,000 blocks.
“Demand outweighs supply two to one,” Allen tells The Australian.
The mining outlier is Roma, 515 kilometres west of Brisbane in the Darling Downs, a town swept up in the coal seam gas (CSG) boom and the home of Origin Energy's Spring Gully Coal Seam Gas Development and the outer end point of the 434-kilometres Roma-to-Brisbane gas pipeline.
The three remaining locations are the Brisbane suburbs of Red Hill (17th), Indooroopilly (70th) and Coorparoo (77th).
Red Hill, just three kilometres from the Brisbane CBD, recorded impressive house price growth of 12% to a median house price of $705,000 and is the only one of the tree Brisbane suburbs to rank higher than some of the remote mining locations.
Queensland locations in the RP Data Top 100 
<table cellpadding="0" cellspacing="0" border="1" style="width: 470px;"><tbody>
<tr>
<td valign="top" width="123">
Rank
</td>
<td valign="top" width="123">
Location
</td>
<td valign="top" width="123">
Median value in 2010
</td>
<td valign="top" width="123">
Median value in 2011
</td>
<td valign="top" width="123">
% change
</td>
</tr>
<tr>
<td valign="top" width="123">
1st
</td>
<td valign="top" width="123">
Moranbah
</td>
<td valign="top" width="123">
$474,000
</td>
<td valign="top" width="123">
$612,000
</td>
<td valign="top" width="123">
29%
</td>
</tr>
<tr>
<td valign="top" width="123">
3rd
</td>
<td valign="top" width="123">
New Auckland
</td>
<td valign="top" width="123">
$379,000
</td>
<td valign="top" width="123">
$459,000
</td>
<td valign="top" width="123">
21.2%
</td>
</tr>
<tr>
<td valign="top" width="123">
6th
</td>
<td valign="top" width="123">
Clinton
</td>
<td valign="top" width="123">
$385,000
</td>
<td valign="top" width="123">
$452,000
</td>
<td valign="top" width="123">
17.4%
</td>
</tr>
<tr>
<td valign="top" width="123">
8th
</td>
<td valign="top" width="123">
West Gladstone
</td>
<td valign="top" width="123">
$353,000
</td>
<td valign="top" width="123">
$412,000
</td>
<td valign="top" width="123">
16.7%
</td>
</tr>
<tr>
<td valign="top" width="123">
11th
</td>
<td valign="top" width="123">
Roma
</td>
<td valign="top" width="123">
$274,000
</td>
<td valign="top" width="123">
$317,000
</td>
<td valign="top" width="123">
15.7%
</td>
</tr>
<tr>
<td valign="top" width="123">
12th
</td>
<td valign="top" width="123">
Blackwater
</td>
<td valign="top" width="123">
$310,000
</td>
<td valign="top" width="123">
$357,000
</td>
<td valign="top" width="123">
14.9%
</td>
</tr>
<tr>
<td valign="top" width="123">
18th
</td>
<td valign="top" width="123">
Red Hill
</td>
<td valign="top" width="123">
$629,000
</td>
<td valign="top" width="123">
$705,000
</td>
<td valign="top" width="123">
12%
</td>
</tr>
<tr>
<td valign="top" width="123">
21st
</td>
<td valign="top" width="123">
Boyne Island
</td>
<td valign="top" width="123">
$421,000
</td>
<td valign="top" width="123">
$470,000
</td>
<td valign="top" width="123">
11.8%
</td>
</tr>
<tr>
<td valign="top" width="123">
22nd
</td>
<td valign="top" width="123">
Clermont
</td>
<td valign="top" width="123">
$317,000
</td>
<td valign="top" width="123">
$353,000
</td>
<td valign="top" width="123">
11.3%
</td>
</tr>
<tr>
<td valign="top" width="123">
35th
</td>
<td valign="top" width="123">
Emerald
</td>
<td valign="top" width="123">
$354,000
</td>
<td valign="top" width="123">
$385,000
</td>
<td valign="top" width="123">
8.6%
</td>
</tr>
<tr>
<td valign="top" width="123">
70th
</td>
<td valign="top" width="123">
Indooroopilly
</td>
<td valign="top" width="123">
$653,000
</td>
<td valign="top" width="123">
$692,000
</td>
<td valign="top" width="123">
6%
</td>
</tr>
<tr>
<td valign="top" width="123">
76th
</td>
<td valign="top" width="123">
Coorparoo
</td>
<td valign="top" width="123">
$602,000
</td>
<td valign="top" width="123">
$634,000
</td>
<td valign="top" width="123">
5.4%
</td>
</tr>
</tbody></table>
Source: RP Data
Photo courtsey of <a target="_blank" href="https://www.flickr.com/">Flickr.</a>
 
 
 
</body></html>

Remote mining towns dominate RP Data’s list of Queensland top-performing housing markets

<html><body>
Moranbah ranked as the number-one suburb for capital growth over 2011, with house prices rising 29% from a median of $474,000 in 2010 to $612,000, according to RP Data.
Property investors continue to pour funds into the small northern Queensland town close to coal mining activity in the Isaac region with yields still on offer of up to 16%.
Sales activity has soared over the first two months of the year, with 44 houses sold in <a target="_blank" href="/news">Moranbah </a>over January and February, according to realestate.com.au figures.
This is more than double the 21 houses sold in the first two months of 2011.
Top Five suburbs for capital growth over 2011
<table cellpadding="0" cellspacing="0" border="1" style="width: 470px;"><tbody>
<tr>
<td valign="top" width="103">
Rank
</td>
<td valign="top" width="103">
State
</td>
<td valign="top" width="103">
Suburb
</td>
<td valign="top" width="103">
Median value in 2010
</td>
<td valign="top" width="103">
Median value in 2011
</td>
<td valign="top" width="103">
% change
</td>
</tr>
<tr>
<td valign="top" width="103">
1
</td>
<td valign="top" width="103">
QLD
</td>
<td valign="top" width="103">
Moranbah
</td>
<td valign="top" width="103">
$474,089
</td>
<td valign="top" width="103">
$611,752
</td>
<td valign="top" width="103">
29%
</td>
</tr>
<tr>
<td valign="top" width="103">
2
</td>
<td valign="top" width="103">
NSW
</td>
<td valign="top" width="103">
Moss Vale
</td>
<td valign="top" width="103">
$297,060
</td>
<td valign="top" width="103">
$364,407
</td>
<td valign="top" width="103">
22.7%
</td>
</tr>
<tr>
<td valign="top" width="103">
3
</td>
<td valign="top" width="103">
QLD
</td>
<td valign="top" width="103">
New Auckland
</td>
<td valign="top" width="103">
$378,833
</td>
<td valign="top" width="103">
$459,150
</td>
<td valign="top" width="103">
21.2%
</td>
</tr>
<tr>
<td valign="top" width="103">
4
</td>
<td valign="top" width="103">
ACT
</td>
<td valign="top" width="103">
Red Hill
</td>
<td valign="top" width="103">
$940,873
</td>
<td valign="top" width="103">
$1,129,919
</td>
<td valign="top" width="103">
20.1%
</td>
</tr>
<tr>
<td valign="top" width="103">
5
</td>
<td valign="top" width="103">
QLD
</td>
<td valign="top" width="103">
Clinton
</td>
<td valign="top" width="103">
$385,118
</td>
<td valign="top" width="103">
$452,865
</td>
<td valign="top" width="103">
19.7%
</td>
</tr>
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Source: RP Data
Hotspotting.com.au director Terry Ryder says there will be further price growth in Moranbah, but believes that the best time to buy was 18 months ago before the growth in prices and rents gathered pace.
“There appears to be long-term sustainable demand from overseas markets for Queensland coal, so towns like Moranbah have a future.
“Investors need to be aware of the risks, however. Mining towns are highly vulnerable to economic cycles and sit at the high-risk end of the investment spectrum. Mining companies are increasingly opting to fly-in-fly-out (FIFO) workforces.
“BHP is seeking to run its new mine near Moranbah on a 100% FIFO workforce, so that does not generate accommodation in the town,” says Ryder.
RP Data’s Cameron Kusher also warns that investors must tread carefully when it comes to mining towns like Moranbah
"'We've seen locations where capital prices collapse as soon as the mine is shut down," he told the Sun-Herald earlier this month.
Local agents though continue to report record listings, high yields and strong investor demand for properties.
Sharyn Mackay from Vision Real Estate is seeking $1.25 million – a Moranbah record – for this five-bedroom house (below) on Longman Drive. According to principal Vikki Oldfield, the property would rent for more than $3,000 per week – a yield in excess of 12%.  It last sold in August 2010 for $710,000.
<img src="/images/stories/mora1.jpg" width="470">
This four-bedroom house (below), marketed by Emma Elliott from Ray White Mackay Beaches and Moranbah with swimming pool on Gilbert Court close is currently under offer of $920,000 according to RP Data and renting at $2,800 per week. At this sales price, this equates to a yield of 15.8%. It last sold for just $121,000 in 2002.
<img width="470" src="/images/stories/mora2.jpg">
Another local real estate agent, Craig Aitcheson from LJ Hooker Moranbah, described the market as the “craziest” he'd ever seen and believers there is still room for further price growth.
“I just can't see it slowing down with all the activity that's happening,” he told the Mackay Daily Mercury.
Aitcheson says 95% of inquiries are coming from investors.
The Moranbah region has undergone rapid population growth in recent times, with the population expanding from just over 7,000 according to the 2006 census to over 10,500 in 2009 according to the Isaac Region Council.
The supply of homes has received a small boost in recent months with the launch of a new residential community known as the Bushlark Grove. The project will provide 160 new homes for around 400 people over the next six months at a cost of $20?million, targeted at the more affordable end of the market.
"Bushlark Grove will provide more affordable housing through the improved supply of residential land and a greater range of housing types to cater for the needs of the Moranbah community," says Urban Land Development Authority director of residential development Peter Smith.
However, the creation of new residential communities around Moranbah appears limited.
Following the recently released Mackay Isaac Whitsunday Regional Plan 2012-2031, aimed at easing the housing squeeze and dependence on fly-in, fly-out workers, Queensland Local Government Minister Paul Lucas says Moranbah's urban footprint could not be expanded because it is surrounded by mining leases.
In December, Moranbah’s status as a coal exporting hub was enhanced with the opening of the new $1.1 billion rail link Goonyella to Abbot Point rail link north of the town.
The rail link will increase the capacity of coal exports by a further 50 million tonnes each year.
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Hotspots: High yields and price growth in Moranbah, but best time to buy may have passed

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The Queensland property at 121 Treasure Island Avenue, Karragarra Island, made its debut on SQM Research's top 10 most discounted properties list last week  – and now its neighbour has appeared in the number-one position on the list.
The property at 60 Treasure Island Avenue has had its price hopes slashed from $295,000 to $185,000 this week. It was initially listed with price hopes of $349,000 in October 2010.
<img src="/images/stories/karragarra.jpg">
Its neighbour 700 metres down the road, 121 Treasure Island Avenue, was also put on the market in October 2010, and both are marketed by T. Barclay Real Estate.
Click to enlarge
<a href="/images/stories/karragarraisland.jpg" rel="shadowbox" title="Click to enlarge"><img src="/images/stories/karragarraislandthumb.jpg"></a>
"INSANE PRICE! GRAB IT NOW - THIS REALLY IS THE BARGAIN OF A LIFETIME. This is a ridiculous low low price - around $100,000 under what it is worth," says Terri Barclay in 60 Treasure Island Avenue's marketing.
{qtube vid:=54H1z9r5_00}
The agency made a video advertising the property (above) while it was for sale with price hopes of $295,000.
Karragarra Island is adjacent to Macleay Island, <a target="_blank" href="https://www.propertyobserver.com.au/hotspots/vendors-of-heavily-discounted-properties-often-misjudge-the-market-sqm/2012020953301">home to the most discounted property in Australia last week, 92 Beelong Street</a>. The Treasure Island properties are within half an hour's drive of 92 Beelong Street.
 
1
<a target="_blank" href="https://www.realestate.com.au/property-house-qld-karragarra+island-106858585">60 Treasure Island Avenue, Karragarra Island, Queensland,4184</a> (pictured)
On the market since: October 3, 2010
Initial asking price: $349,000
Current asking price: $185,000
Reduction: 47%
Days on market: 489
 
 
<h2 style="font-size: 18px; line-height: 21px;"></h2>
<h2 style="font-size: 18px; line-height: 21px;">2</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106479016">92 Beelong Street, Macleay Island, Queensland, 4184</a>
On the market since: May 23, 2010
Initial asking price: $590,000
Current asking price: $340,000
Reduction: 42%
Days on market: 622
 
 
3
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008940771" target="_blank">102 Fountain Road, Burpengary, Queensland, 4505</a>
On the market since: April 17, 2011
Initial asking price: $1.2 million
Current asking price: $699,000
Reduction: 42%
Days on market: 295
 
  
4
<a href="https://www.realestate.com.au/property-house-qld-karragarra+island-106914618" target="_blank">121 Treasure Island Avenue, Karragarra Island, Queensland, 4184</a> 
On the market since: October 23, 2010
Initial asking price: $335,000
Current asking price: $200,000
Reduction: 40%
Days on market: 469
 
 
 
<h2 style="font-size: 18px; line-height: 21px;">5</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008421301" target="_blank">27 Reeve Street, Campania, Tasmania, 7026</a>
On the market since: June 14, 2010
Initial asking price: $330,000
Current asking price: $200,000
Reduction: 39%
Days on market: 603
 
 
<h2 style="font-size: 18px; line-height: 21px;">6</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106866439" target="_blank">329 Waterford Road, Ellen Grove, Queensland, 4078</a>
On the market since: October 16, 2010
Initial asking price: $1,275,000
Current asking price: $800,000
Reduction: 37%
Days on market: 476
 
<h2 style="font-size: 18px; line-height: 21px;">7</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106364068">22 Fenton Avenue, Christies Beach, SA, 5165</a>
On the market since: March 6,  2010
Initial asking price: $1,195,000
Current asking price: $750,000
Reduction: 37%
Days on market: 700
 
8
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008729828">2/18 Campbell Crescent, Terrigal, NSW, 2260</a>
On the market since: December 11, 2010
Initial asking price: $1.99 million
Current asking price: $1.25 million
Reduction: 37%
Days on market: 420
 
<h2 style="font-size: 18px; line-height: 21px;"></h2>
<h2 style="font-size: 18px; line-height: 21px;">9</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2007193295">290 Viveash Road, Swan View, WA, 6056</a>
On the market since: June 5, 2008
Initial asking price: $2.29 million
Current asking price: $1.45 million
Reduction: 37%
Days on market: 1,341
 
<h2 style="font-size: 18px; line-height: 21px;">10</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106211228" target="_blank">15 Gretel, Two Rocks, WA, 6037</a>
On the market since: December 26, 2009
Initial asking price: $1.1 million
Current asking price: $699,000
Reduction: 36%
Days on market: 770
 
<h2 style="font-size: 18px; line-height: 21px;"></h2>
 
<h2 style="font-size: 18px; line-height: 21px;"></h2>
SQM Research also offers a list of the <a href="https://www.sqmresearch.com.au/top100bargains.php" title="SQM Research" target="_blank">Top 100 Biggest Bargains in Australia </a>for sale.
 
 
 
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cknowlton-QnEa6ntUYP

Two of four most discounted properties in Australia are Treasure Island neighbours

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Stockland has recorded an increase in buyer activity for its residential offerings in south-east Queensland since September last year, according to chief executive Matthew Quinn. 
He emphasises this is only the case for the company’s “affordable” offerings and not for the market in general. 
Speaking at a media briefing following the release of interim 2012 results that showed statutory profit down 28% to $307.6 million on the back of a “challenging” last six months, Quinn said there had been a pick-up up in inquiries and deposits in south-east Queensland but that certain pockets of the market such are still doing it very tough. 
Quinn says the south-east Queensland market is still operating well below capacity, with underlying demand not being reflected in actual sales activity. 
“Brisbane and Perth should be our strongest markets, but paradoxically they are our weakest,” he says. 
“One reason for this is the surplus of stock on the market. The market got ahead of itself. But that stock is now clearing and buying activity is increasing for new product. 
“The signs are much more positive for our affordable product type.” 
During the presentation Quinn highlighted the healthy state of its residential division and says Stockland will achieve its full-year earnings guidance due in large part to residential sales. 
“Our residential business is well positioned with 2,488 contracts on hand at 31 December 2011 (equivalent to approximately $530 million of revenue), compared to 2,288 at 30 June 2011,” he says. 
“Deposits and leads are tracking well with both showing two quarters of consecutive growth – a trend that continued in January with deposits for the month higher than the average for the past 12 months.
<img src="/images/stories/leadsgrowth.gif">
According to Quinn, lead volumes, “the ultimate leading indicator” of future demand, are increasing at an even higher rate than deposits. 
“Leads are buyers that come into sales centre and show genuine interest. There has been a substantial increase in this.” 
In addition, first-home buyers are re-emerging, accounting for 40% of all leads compared with a normal ratio of between 20% to 30%. 
“This is a strong signal that the market is moving,” he says. 
Quinn says Stockland is focused on developing residential assets for three specific customer segments: the mass market, middle Australian and those seeking affordable housing. 
“There has been a big shift in buyer behaviour in last three years. 
“If it’s affordable and they need it they will buy it… If it is expensive and they don’t need they will wait,” he says. 
Stockland reported underlying profit of $350.8 million, down 8% on the first half of 2011, and underlying earnings per security of 14.9¢, down 7%. 
This year Stockland is celebrating its 60th anniversary.
 
 
 
 
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Residential buyer activity picking up in south-east Queensland: Stockland

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Chris Scott, the former holiday letting management rights entrepreneur, has relisted his Gold Coast hinterland house.
The <a target="_blank" href="https://www.mcgrath.com.au/buy/acreage-rural-tallai-qld-4213/141241/?fromHome=1">five-bedroom Tallai house</a> has a grand entrance with marble floors. The house, with 2,325 square metres of living space, is on a 6,878-square-metre block.
It was bought in 2003 for $3 million from car auction executive Colin Crewe and it was listed with $5.5 million hopes in 2007. By late 2009 the asking price was around $3.95 million.
It’s now being quoted through McGrath agent Patricia Box at $2.9 million plus.
After gaining an honours degree in economics Scott spent two decades operating road and sea freight operations in Singapore and the US until he returned to Australia with his family in 1998.
In 2006 he secured $210 million, his share of the $700 million overly ambitious MFS takeover of the S8 travel group he founded.
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Former holiday lettings entrepreneur Chris Scott relists Gold Coast hinterland mansion

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The founder of internet travel website Club Freedom, Ron Litherland, has further reduced the asking price to $12.5 million for his European Gothic-inspired castle built on Sovereign Islands on Queensland's Gold Coast.
He once wanted $20 million for the not quite majestic Paradise Point property.
It’s currently for sale through several local agents including Zlata Becic at Mint Properties.
The recently built four-level imitation castle, complete with balustrades and turrets, has seven bedrooms and nine bathrooms.
It also has two studies, a home theatre, a library and a billiard room. There is an entertainment area on the roof and in the basement there is a garage for up to 20 vehicles.
The house has floors of polished Travertine marble, fireplaces in Sahara Gold granite and hand-crafted, mahogany-mullioned windows.
One of its earlier listing agents, George Bobolas of Ray White Paradise Point, indicated an offer of $14.1 million was knocked back during his 2010 listing.
The house is on a 1,458-square-metre block on Knightsbridge Parade West, which was bought for $3.75 million in 2007 by the Phuket-based former truckie from Brisbane.
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Paradise Point castle: Most Discounted Trophy Home of the week

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This column is likely to get me shot, and mostly likely with both barrels, especially given that tomorrow is Australia Day, but the Gold Coast 2018 Commonwealth Games is likely to do more damage than good. It is an absolute waste of money and diverts attention away from the things that really need doing. But that, of course, is part of the government’s plan. Since the birth of Christ, at least, it has been that way.

It all started in AD80, with the inaugural games of the Flavian Amphitheatre, on the orders of the Roman Emperor Titus, to celebrate the completion of the Colosseum (then known as the Flavian Amphitheatre). Vespasian began the construction of the amphitheatre around AD70 and it was completed by Titus soon after Vespasian’s death in AD79.  After Titus’ reign began with months of disasters – including the eruption of Mount Vesuvius, a fire in Rome and an outbreak of plague – he inaugurated the building with lavish games that lasted for more than 100 days, in an attempt to appease the Roman public and the gods.

And the Roman games continue today, having morphed into their own modern-day “cargo cult” – stage a sporting event and the money will come. Today, we don’t waste public money appeasing the gods, but we do so in an attempt to make the public feel good and distract us when things aren’t going so well.

The Gold Coast is just the latest city to sign up for membership with its rejoicing in hosting the Commonwealth Games. The idea that a city will gain wealth – or in the Gold Coast’s case, rebuild confidence and rejuvenate the city – by building sporting arenas and paying athletes, while often going into considerable debt, is bordering on laughable. All the more so when the event lasts just two weeks, is contested and watched by very few (and especially not by the Chinese), and won’t address what really needs to be done to improve the Gold Coast.

<a href="https://www.propertyobserver.com.au/residential/jury-is-still-out-on-claims-of-commonwealth-games-boost-for-gold-coast/2012011753057">Earlier this month </a>we asked readers to provide us with their thoughts on this matter. Three out of five respondents thought that the games would not have any real impact on the local property market. Those who did – and some sent through some quite lengthy emails – could only really offer wishy-washy statements about it improving the “mood, sentiment and confidence” as a means of boosting the Gold Coast economy. What tripe!

Most telling was that 85% of our respondents would not invest on the Gold Coast because of the games. The more gullible think that property prices will rise on the Gold Coast as they did in the lead-up to the Sydney Olympics and especially after the 2006 Melbourne Commonwealth Games. But broader review of the statistics shows that prices rose much faster in many other locations at the time, suggesting that property prices are influenced by much wider factors than a local sporting event.

Critical analyses of the claims about new job growth, the boost in retail spending and lift in tourist numbers that apparently come from such events will also reveal similar findings. Look back through the history of economic impact reports from major events and you’ll quickly find examples of economic disasters that had been painted as bonanzas.

Brisbane City residents are still burdened with the upkeep of underused sporting facilities left over from the 1982 Commonwealth Games. Queensland Treasury doesn’t even know if the cost of those games has ever been repaid. More recently, a survey of New Zealand businesses found that nine out of 10, and many of them retail and tourist-based, didn’t experience any boost in trade as a result of last year’s Rugby World Cup.

There is little doubt that “hallmark” events, which can include sporting events, can help revamp urban landscapes. That might have been the case in Hambantota, had it won the right to host the 2018 games. But given where the money is planned to be spent on the Gold Coast, its capacity to overhaul is limited at best. Maybe in the future an “urban revamp measure” should be the key judging criteria for sports-related events, rather than just how much money is thrown at the event.

For mine, the Gold Coast faces some serious issues. The $2 billion games budget would have been much better spent on fixing its problems. The coast – with close to 600,000 permanent residents and close to 4 million overnight visitors per year – needs the be governed accordingly and not as a tin-pot local authority; it needs to retool its tourism offering to suit the Chinese audience; it needs to dramatically increase its industrial land bank; get a bio-tech based industry (or similar) flourishing; facilitate fly-in/fly-out workers and build many more detached and semi-detached homes.  It doesn’t need to blow $1.97 billion on a two-week sports carnival in seven years’ time.

We just don’t have that kind of money to waste on such things anymore. No, I am not anti-sports; I just think it is time to do much more with taxpayers’ money.

I will leave you to enjoy your Australia Day tomorrow with two more thoughts.

Firstly, anyone in property who talks up the virtues of the 2018 games on the Gold Coast property market isn’t worth your trust. There had better be much more to their sales track than just that. Secondly, hallmark events should be treated like “gravy”. At present, the Gold Coast is close to starving. It needs meat and potatoes on its plate, not trimmings.

And surprise, surprise – the latest annual instalment of US-based Demographia’s <a href="https://propertyobserver.us2.list-manage.com/track/click?u=24bd0766a834290948593f5aa&amp;id=98acfcd992&amp;e=735ed4729e" target="_blank">global housing affordability report</a>, shows that despite an improvement in affordability in 2011, Australian housing remains “severely unaffordable”.  Sydney and Melbourne are third and fourth on the list of most unaffordable major markets, below Hong Kong and Vancouver. Well you know what we think – but if you missed it, try clicking <a target="_blank" href="https://matusikmissive.wordpress.com/2011/02/09/affordability/">here </a>and <a target="_blank" href="https://www.propertyobserver.com.au/residential/housing-affordability-in-australia-is-not-as-dire-as-you-think/2011121352823">here.</a>
Michael Matusik is the director of independent property advisory Matusik Property Insights. Matusik has helped over 500 new residential developments come to fruition and writes the weekly  <a href="https://matusikmissive.wordpress.com/" target="_blank" title="Matusik's Missive">Matusik's Missive</a>.
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michaelmatusik-49YzLvdmNv

The Commonwealth Games are a waste of Gold Coast taxpayers' money: Michael Matusik

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TV personality and property pundit David Koch and his wife, Libby, have come under fire from the both the Sunshine Coast mayor and the Real Estate Institute of Queensland  for describing the local property market as “catastrophic”.
The Koches <a href="https://www.propertyobserver.com.au/residential/kochie-to-property-investors-avoid-catastrophic-gold-and-sunshine-coasts/2012011953058">warned property investors to avoid both the Sunshine Coast and Gold Coast</a> as part of their forecasts for the year ahead.
Sunshine Coast Regional Council mayor Bob Abbot says what the local market needs is people to “settle and live here, not investors”.
"I like to think we are about mums, dads and their kids and being a place they want to stay and live," he told the Sunshine Coast Daily.
Lloyd Edwards, chairman of the Real Estate institute of Queensland coast branch and local Ray White agent, points out that some of the big-name Sunshine Coast residents include Therese Rein, prominent lawyer and the wife of former prime minister Kevin Rudd; British billionaire Richard Branson and leading Australian playwright David Williamson.
He also says recent building approvals could indicate a turnaround.
According to Sunshine Coast Regional Council figures, building approval figures rose 25% in November, while ABS figures show an 18% improvement.
“These are hard facts, reality – not just an opinion,” he says.
November ABS building approval figures show a 6.6% overall increase for Queensland with private sector house approvals up 10.8%.
Master Builders director of housing policy Paul Bidwell described the improvement as “positive news” but highlighted that the figures are just for one month, with the level of building activity across the state “generally remaining well below last year’s levels, which is why we have welcomed the extension to the state government’s building boost grant”.
“We’re anticipating conditions in the early part of 2012 will remain fairly tough, but providing the European economy holds steady and as more work comes into the market as a result of the extended stimulus, we are confident the worst is behind us and the recovery will really take hold during 2012,” Bidwell says.
 
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