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

Joel Robinson

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

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

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

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

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

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

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

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

Abadeen, PERIFA, top out Putney Wharf harbourfront precinct

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

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Melbourne construction industry company director and horse racing enthusiast Peter Devitt has snapped up a heavily discounted Gold Coast penthouse.
It was bought late last year from Jennifer Reardon, the wife of cotton and macadamia farmer Rob Reardon, who accepted $9.2 million for the five-bedroom Liberty Panorama penthouse at Main Beach.
It was initially listed in 2007 with $16.5 million hopes, then $15 million in 2008 and $14 million in 2009.
Built over two levels with a private lift, it sits atop the Gold Coast's first elliptical-shaped high-rise, completed in 2001.
Coming with 1,200 square metres of space, it was bought off the plan from Mirvac for $3.29 million in 2000.
The shared facilities include lagoon-style pool, tennis court and indoor lap pool.
The complex is only a short distance from the restaurant and boutique shopping precinct. It had been listed through Livin In Prestige Properties agent Sharon Lloyd.
The last time Devitt, the LU Simon Builders managing director and former president of the Master Builders Association of Victoria, was in the news was in 2010 when he snapped up the penthouse at The Melburnian on St Kilda Road for about $15.5 million.
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jchancellor-FAypfDUnLy

Peter Devitt snaps up heavily discounted $9.2 million Main Beach Gold Coast penthouse: Title Tattle

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There was only Christmas cheer for buyers following from 2011's last prestige <place><placename>Mermaid</placename><placetype>Beach</placetype></place> sale. Crown chief executive Rowen Craigie's three-bedroom <street><address>Hedges Avenue</address></street> beachfront cottage was snapped up post-auction in late December for $3.65 million.
It had been listed through McGrath Broadbeach agent Chez Fraser with $3.9 million-plus hopes. Roy Schwenke of Ray White CBD Residential notified RP Data of the sale in the week prior to Christmas.
Its sale price represented a 46% drop on its $6.75 million sale in 2008. It was marketed as the chance to secure one of the most affordable beachfront cottages in the strip.
"This property is one of the last remaining original cottages and offers the choice of an immediately liveable home or a fantastic opportunity to build your ideal beachfront home on its full 405 square metre block," Fraser suggested.
It had been for sale since its August 2009 auction, with its price expectations dropping from $5.75 million in January 2011 to $4.75 million hopes.
<a target="_blank" href="https://www.propertyobserver.com.au/residential/the-8-biggest-losses-on-mermaid-beach-s-millionaire-s-row-show-no-post-gfc-recovery-in-sight/2011113052610">Craigie is certainly not the first to take a huge hit in Mermaid Beach.</a>
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Summer Beach Spotlight: Rowen Craigie's Mermaid Beach misgamble

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A two-year program to restore the plantations and orchards surrounding Sunshine Coast’s much-loved Big Pineapple kicks off today with the ploughing of pineapple fields and the replanting of pineapples plants. 
The 16-metre-high Big Pineapple, which perches on the coast side of the Bruce Highway at Nambour, was sold by receivers along with 165 hectares of orchards on 15 titles to a <a target="_blank" href="https://www.propertyobserver.com.au/queensland/big-pineapple-buyers-hope-to-add-juice-to-sunshine-coast-tourism-market/2011082551296">pineapple-friendly consortium called Big Pineapple Corp Pty for $5.8 million in August this year</a>. 
Since acquiring the icon, stage one of the restoration program has been completed, with Saturday produce markets attracting about to 3,000 people every weekend.
The restoration of the plantations and orchards are part of a major clean-up program aimed at reclaiming the 165-hectare site after years of neglect. 
It includes reopening the Pineapple itself, fixing the sugar cane train, which takes passengers on a tour of the plantation, and “developing the master-plan proper”. 
“The vision for The Big Pineapple is to re-establish it as a leading agri-tourism operation – which was its role originally. This will be delivered in a contemporary context, showcasing sustainable agriculture and production,” says The Big Pineapple general manager Paul Ziebarth. 
The Big Pineapple was officially opened by Queensland Minister for Labour and Tourism John Herbert on August 15, 1971 as a tourist location and working farm. 
It burnt down in 1978 but was rebuilt later that year. 
Previous owners have included Queensland Press Ltd, owned by Rupert Murdoch’s News Corp. 
Ziebarth says pineapple planting material from the original fields will be available for sale at the markets over the Christmas weekend. 
“The future of Australia’s favourite tourist icon, The Big Pineapple, gets sweeter and sweeter – tomorrow marks the official ploughing of the pineapple plantation fields and replanting of pineapples, signalling the beginning of a whole new growing era,” he says.
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Big Pineapple ploughing begins as plans bear fruit

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{yoogallery src=[images/stories/december15bobcooper]}
Surfing identity Bob Cooper, who became famous for his handcrafted surfboards and was one of the first Americans to enter Australia's surfing scene in the 1960s, has listed his Sunshine Coast house for sale.
The three-bedroom, three-bathroom house is on a 701-square-metre beachfront block, naturally, and the house is only a few minutes' walk from the sand. 
Cooper and his wife, Wils, built their Steven Kidd-designed Santa Fe-style villa in Marcus Beach, on the Sunshine Coast, 17 years ago. 
Cooper first visited Australia in 1959 and found his surfboard building skills were much in demand. He returned to California after the visit but returned in 1963 to ply his trade.
The property is within a short drive of Noosa and includes a pool with shade sail. 
The Coopers are moving to Coffs Harbour to be closer to family. 
LJ Hooker agent Peter Martin is marketing the property with price hopes of $2.2 million. 
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Surfing identity Bob Cooper's Sunshine Coast beachside home on the market

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Meriton boss Harry Triguboff has lamented the current state of the Surfers Paradise market, calling on the government to base more of its institutions near Main Beach to help revive the area.
Speaking at a property lunch in Sydney this week, he said Surfers remained a very attractive place, but could not survive just as a residential location.
“It needs to be a place for work,” Triguboff says. “It cannot just be a place for building apartments; it cannot survive on just one industry.”
“Once we overcome that, it will shoot up like crazy. It’s terrific.”
In his attempts to help revive the ailing Gold Coat market, Triguboff says he has been trying to convince Chinese buyers that Surfers Paradise is part of Brisbane.
However, he says he has not been helped in his efforts by the state local governments, which don’t respect what he is doing.
“Just recently I had a development approved on the Gold Coast. They only approved it because they needed the money, not because they wanted to. That is unfortunate because we should really learn to work together,” he says.
For the Gold Coast and Surfers Paradise to succeed, they will need to emulate the success of somewhere like Parramatta, a satellite city to Sydney, Triguboff says.
Triguboff says Parramatta is succeeding because it has been able to attract some big-government tenants such as the Water Board and Commonwealth Bank.
Surfers Paradise, he says, needs the big government organisations moving in to help the market develop.
Overall though, Chinese buyers remain the key to Meriton’s success, not just on the Gold Coast.
Triguboff says that most of his buyers are now Chinese, so much so that Meriton has including lots of photos of Asian people in its advertising and promotional material as well as employing more Asians in marketing new projects.
“We went them to feel at home,” he says.
Asked by Ross Greenwood, host of Australia Israel Chamber of Commerce (AICC) discussion,  if he has had to make any changes to the types of apartments he is building to satisfy Chinese buyers, Triguboff says this has not been necessary.
“They are happy with the way Meriton builds its apartments. That is the way they think it is supposed to be,” he says.
According to Triguboff the high costs associated with purchasing property and high interest rates are making it very hard for Australian to buy into Meriton developments.
“That is why we have to depend so much on the Chinese, but I hope it will change. I hope costs will be brought down and that interest rates will come down because demand is at record levels.”
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Gold Coast must turn to business, not just tourism, to survive: Harry Triguboff

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<table border="0" cellspacing="0" cellpadding="0" width="415"><tbody>
<tr>
<td width="85" nowrap valign="bottom">
Postcode
</td>
<td width="163" nowrap valign="bottom">
Suburb
</td>
<td width="167" valign="bottom">
Indicative gross rental yield for houses
</td>
</tr>
<tr>
<td width="85" nowrap valign="bottom">
4106
</td>
<td width="163" nowrap valign="bottom">
ROCKLEA
</td>
<td width="167" valign="bottom">
6.4%
</td>
</tr>
<tr>
<td width="85" nowrap valign="bottom">
4110
</td>
<td width="163" nowrap valign="bottom">
ACACIA RIDGE
</td>
<td width="167" valign="bottom">
5.5%
</td>
</tr>
<tr>
<td width="85" nowrap valign="bottom">
4077
</td>
<td width="163" nowrap valign="bottom">
INALA
</td>
<td width="167" valign="bottom">
5.4%
</td>
</tr>
<tr>
<td width="85" nowrap valign="bottom">
4017
</td>
<td width="163" nowrap valign="bottom">
BRACKEN RIDGE
</td>
<td width="167" valign="bottom">
5.2%
</td>
</tr>
<tr>
<td width="85" nowrap valign="bottom">
4074
</td>
<td width="163" nowrap valign="bottom">
JAMBOREE HEIGHTS
</td>
<td width="167" valign="bottom">
5.1%
</td>
</tr>
<tr>
<td width="85" nowrap valign="bottom">
4036
</td>
<td width="163" nowrap valign="bottom">
BALD HILLS
</td>
<td width="167" valign="bottom">
5.1%
</td>
</tr>
<tr>
<td width="85" nowrap valign="bottom">
4077
</td>
<td width="163" nowrap valign="bottom">
DURACK
</td>
<td width="167" valign="bottom">
5.1%
</td>
</tr>
<tr>
<td width="85" nowrap valign="bottom">
4078
</td>
<td width="163" nowrap valign="bottom">
FOREST LAKE
</td>
<td width="167" valign="bottom">
5%
</td>
</tr>
<tr>
<td width="85" nowrap valign="bottom">
4018
</td>
<td width="163" nowrap valign="bottom">
FITZGIBBON
</td>
<td width="167" valign="bottom">
5%
</td>
</tr>
<tr>
<td width="85" nowrap valign="bottom">
4174
</td>
<td width="163" nowrap valign="bottom">
HEMMANT
</td>
<td width="167" valign="bottom">
5%
</td>
</tr>
</tbody></table>
Source: RP Data
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Brisbane's top 10 suburbs for house rental yields

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Receivers have moved on the personal assets of Gold Coast developer Jim Raptis, placing a vacant block, one of his residential holdings at Paradise Waters, for December 8 auction through Michael Willems of Ray White Prestige Gold Coast.
The waterfront Commodore Drive property was seized by receivers after Raptis failed to find a buyer earlier this year. The waterfront site, which comprises three separate lots over 3,369 square metres, is the largest undeveloped residential lot in the upmarket waterfront enclave and features 141 metres of river frontage.
<img src="/images/stories/raptisauction.jpg">
Raptis told the Gold Coast Bulletin that the move was "part of the wash-up" of the Raptis Group's woes triggered by the receivership of Southport Central three years ago.
It is one of two held by the Raptis Group boss at Paradise Waters. He sold another Commodore Drive for $5.2 million in October 2008.
The December 8 auction property, which dates back to a 1999 purchase by Amaranthus Pty Ltd in 1999 for $1,112,500, has a site value of $6.8 million.
The charge over the company is held by Gibraltar-based Sevinhand Company Ltd, which is understood to have appointed receivers Graham Killer and Michael McCann, of Grant Thornton, to recover the debt.
Receivers were appointed in August this year.
 
 
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Jim Raptis' Paradise Waters vacant block listed for receivership auction

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{yoogallery src=[images/stories/november1noosaheads]}
A five-bedroom, four-bathroom plantation-style house in Noosa Heads has been listed with price hopes of $3.95 million. 
The vendor is Tom Forde, owner of LJ Hooker Commercial Noosa and now an LJ Hooker residential branch in Noosa. 
The 21,000-square-metre sprawling property includes two separate one-bedroom cabanas, a lagoon-style swimming pool with pool bar, tennis court and gym all against a rainforest backdrop.
Forde, now an empty-nester, plans to downsize to a location closer to the beach. 
Graeme Halsey from <a href="https://www.ljhooker.com.au/2HD3" target="_blank">LJ Hooker Noosa</a> is marketing the property.
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Resort-style plantation in Noosa Heads listed for $3.95 million

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{yoogallery src=[images/stories/october28brisbane]}
Brisbane’s 1938 landmark nautical Moderne-style residence – designed by the architect Mervyn Rylance – is on the market for only the second time.
Inspired by the Art Deco style of Miami Beach, Florida, the house sits on a 736-square-metre block in Hamilton Hill with views from Moreton Island to the city skyline.
Level one offers living areas, kitchen, media room and a utility room.
The second level has the master bedroom with a dressing room and ensuite, plus two other bedrooms each with ensuites. A study is also located on this level.
“It’s a rare opportunity to secure this much-admired Brisbane landmark,” says listing agent Alma Clark of Alma Clark Real Estate Ascot.
She says dedicated attention to detail has been employed to bring this home into the modern era.
It was briefly listed last spring but didn’t sell.
Hamilton prices have ranged between $700,000 and $3.2 million this year.
The property last traded in 1993 at $490,000.
It has an official unimproved $2.4 million land value.
The last known sale of a house designed by Mervyn Rylance was the heritage-listed Oogarding, the Bardon house, which is considered among the best examples of his work in the Mediterranean style of architecture. It sold for $1.86 million in 2006.
Very few pure Mediterranean-style houses were built in Brisbane, and Rylance was also responsible for the design of Blanchard House at New Farm, which was demolished amid controversy in 2009.
The bulldozers – accompanied by three police officers – moved in at 6.30am to demolish the unlisted 1934 Spanish Mission home on Maxwell Street.
Developer John Lynch and wife Monica Blinco, an interior designer, bought it in 2004 for $3.75 million and the adjoining block in July 2007 for $5.9 million with plans for a seven-storey apartment block.
There’s debate on Maxwell Street at the moment over the proposed demolition of a heritage- listed Mock-Tudor apartment block at 42 Maxwell Street.
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Nautical Brisbane Moderne-style house on the market for only second time

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The most discounted property in Queensland is the second-most discounted property in Australia, 1350 Wynnum Road, Tingalpa. It has nearly halved its price but has yet to find a buyer in the nearly year it has been on the market. It's been regularly featured on Property Observer as it struggles to find a buyer even at its reduced pricing.
Last week SQM Research released a<a target="_blank" href="https://www.propertyobserver.com.au/victoria/southbank-properties-raise-price-expectations-but-still-feature-on-sqm-s-victorian-discount-list/2011092751713"> list of the most discounted properties in Victoria</a>, and the difference between the two states is striking. The 10th-place Queensland property, 13 Gawler Street, Rochedale South, is discounted by 25%, which is the same discount as the number one property on the Victoria list, 1/9 Albert Place, Hoppers Crossing.
Queensland vendors are offering steeper discounts, and RP Data analysis recently revealed that <a target="_blank" href="https://www.propertyobserver.com.au/residential/queensland-hit-hardest-post-gfc-as-6.3-of-homes-worth-less-than-their-purchase-price/2011092851719">6.3% of Queensland homes are now worth less than their purchase price</a>. Queensland has been hit hard with the declining tourism market and natural disasters and is struggling to recover from the GFC. 
"We believe that for the moment, houses in Brisbane are still considerably overvalued,” SQM director Louis Christopher says.
“House prices are running at a 27% premium to nominal GDP. On any measure, if this overvaluing continues, prices will correct further this year and possibly next year," Christopher says.
"Annually Brisbane house prices fell by 3.6% already over the period to June 2011, and over the 2011 calendar year SQM Research forecasts house prices for Brisbane to fall anywhere between -7.6% to -9.6%."
 
<h2 style="font-size: 18px; line-height: 21px;">1</h2>
<a target="_blank" title="1350 Wynnum Road" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106966579">1350 Wynnum Road, Tingalpa, Queensland, 4173</a>
On the market since: November 6, 2010
Initial asking price: $700,000
Current asking price: $380,000
Reduction: 46%
Days on market: 322
 
<h2 style="font-size: 18px; line-height: 21px;"></h2>
<h2 style="font-size: 18px; line-height: 21px;">2</h2>
<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: $1.2million
Current asking price: $699,000
Reduction: 42%
Days on market: 162
 
3
<a target="_blank" title="128 Charlotte Street" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008735391">3307/128 Charlotte Street, Brisbane, Queensland, 4000</a>
On the market since: December 12, 2010
Initial asking price: $575,000
Current asking price: $399,000
Reduction: 31%
Days on market: 287
 
<h2 style="font-size: 18px; line-height: 21px;">4</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008648371" target="_blank">190 Halls Road, Luscombe, Queensland, 4207</a>
On the market since: October 31, 2010
Initial asking price: $840,000
Current asking price: $600,000
Reduction: 29%
Days on market: 329
 
<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%3D2009004616" target="_blank">37 Marlborough Road, Wellington Point, Queensland, 4160</a>
On the market since: May 22, 2011
Initial asking price: $1.25 million
Current asking price: $899,000
Reduction: 28%
Days on market: 126
 
<h2 style="font-size: 18px; line-height: 21px;">6</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008269132" target="_blank">312/51 Hercules Street, Hamilton, Queensland, 4007</a> (pictured)
On the market since: March 14, 2010
Initial asking price: $1.6 million
Current asking price: $1.175 million
Reduction: 27%
Days on market: 560
 
<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%3D107499465">13 Henry Street, Greenslopes, Queensland, 4120</a>
On the market since: June 25, 2011
Initial asking price: $949,000
Current asking price: $699,000
Reduction: 26%
Days on market: 91
 
 
<h2 style="font-size: 18px; line-height: 21px;">8</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%3D106201967">38 Simon Street, Yeronga, Queensland, 4104</a>
On the market since: December 12, 2009
Initial asking price: $950,000
Current asking price: $700,000
Reduction: 26%
Days on market: 651
 
<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.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106773785">4 Lower Clifton Terrace, Red Hill, Queensland, 4059</a>
On the market since: August 28, 2010
Initial asking price: $1.2 million
Current asking price: $895,000
Reduction: 25%
Days on market: 392
 
<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%3D107276504" target="_blank">13 Gawler Street, Rochedale South, Queensland, 4123</a>
On the market since: March 26, 2011
Initial asking price: $429,000
Current asking price: $350,000
Reduction: 25%
Days on market: 182
 
SQM Research also offers a list of the <a target="_blank" title="SQM Research" href="https://www.sqmresearch.com.au/top100bargains.php">Top 100 Biggest Bargains in Australia </a>for sale.
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