Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

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?

State governments in Tasmania and Western Australia have introduced new stamp duty discounts aimed at encouraging the construction and purchase of new apartments and units.

These measures are part of broader efforts to increase housing density and provide more affordable housing options in regions where new construction has lagged behind demand.

In Tasmania, a 50 per cent stamp duty concession has been implemented for buyers of new apartments and units that are either off-the-plan or under construction.

The discount applies to properties valued at up to $750,000 and is available until June 30, 2026. This initiative is designed to support medium-density housing and make apartment living more accessible to Tasmanians.&nbsp;

The state government hopes that this will not only boost construction activity but also provide greater certainty for builders and developers by reducing financial risks associated with large-scale projects.

Western Australia has also introduced stamp duty exemptions and discounts to stimulate the new apartment market.&nbsp;

Buyers can benefit from a full stamp duty exemption on off-the-plan apartment purchases valued at up to $650,000 if the property is bought before construction begins.

For properties under construction, a 75 per cent stamp duty discount is available, also on purchases up to $650,000. Additional concessions are offered for homes worth up to $750,000.&nbsp;

[smartcode_project:default project_id=142314 project_image_fid=263307]

The new policies reflect a growing recognition of the need to address housing affordability and supply issues, particularly in cities like Hobart and Launceston, where housing density remains low.&nbsp;

Although the Tasmanian housing market saw an 8.8 per cent increase in dwelling approvals in June, the state still trails significantly behind others.

The effectiveness of these discounts in driving new apartment construction will depend not only on buyer uptake, but also on the willingness of local governments to approve higher-density developments, a process that has historically faced challenges in Tasmania.

These stamp duty concessions are part of a broader debate on the role of such taxes in the property market.&nbsp;

Some economic analysts argue that removing or significantly reducing stamp duty could be a key factor in making housing more accessible to a wider range of buyers, particularly in regions where the tax represents a substantial portion of the cost of purchasing a home.&nbsp;

The latest measures in Tasmania and Western Australia are seen as steps towards addressing these concerns, although their long-term impact on housing supply and affordability remains to be seen.

The new policies reflect a growing recognition of the need to address housing affordability and supply issues, particularly in cities like Hobart and Launceston, where housing density remains low

Tasmania joins Western Australia in introducing stamp duty discounts to off the plan property buyers

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Sales activity in Tasmania has jumped in the lead-up to spring led by a surge in Launceston sales, according to the Real Estate Institute of Tasmania.
It found there was a “dramatic” 10.5% increase in property sales in Tasmania for the June quarter with sales up 19.2% for the year, though price increases were small.
Launceston house sales activity led the charge for quarter, up 34.4% and 11.8% for the year, recording the biggest increase in two years.
Hobart house sales jumped 18% for the quarter and 37.4% for the year – the biggest quarterly increase in three years, according to REIT president Adrian Kelly.
“Although it could be argued these figures are skewed due to the low volume of sales, the figures still remain positive, particularly given the market conditions over recent years,” Kelly says.
Running against the trend, the North-West centres had a slight decrease in house sales, down 1.7% for the quarter but up 7.5% for the year.
The median house price in Tasmania increased 2.5% for the quarter, up 3.2% over the year.
Click to enlarge
<a rel="shadowbox" href="/images/stories/2013/08/tassiesales-aug-5-big.gif" title="Click to enlarge"><img src="/images/stories/2013/08/tassiesales-aug-5-small.gif"></a>
Kelly says these are positives signs for Tasmania’s real estate market, especially at a time with historically fewer properties coming onto market.
“Whilst sellers feel it is a good strategy to wait until spring before listing their property I suggest they discuss this approach with their agent, as selling in winter when there are fewer properties available for purchase can sometimes work in their favour,” he says.
As activity increased, time on market decreased. The average time to sell a house in Tasmania was two weeks quicker in the June quarter, now at 75 days.
First home buyers remained steady over the quarter, accounting for 19% of house sales while second home buyers still holding a majority of the market at 55%.
Launceston was the most popular with interstate buyers, making up 20% of sales for the quarter.
Kingston, in outer Hobart, is one of the suburbs with the highest turnover rates.
In February a newly built four bedroom house on 755 square metres at <a target="_blank" href="https://www.realestate.com.au/property-house-tas-kingston-113027323">1 Kelp Street</a> (pictured below) sold for $537,500 through agent Dion Flanagan from Charlotte Peterswald Real Estate. The site last traded for $110,000 in 2005. According to RP Data it spent just 30 days on market.
{yoogallery src=[images/stories/2013/08/aug5kingston]}
And in May, a 1980-built four bedroom house on 2.13 hectares at 72 Leslie Road sold for $510,000, according to RP Data. It last sold for $230,000 in 1997. It spent 269 days on market.
</body></html>

awalsh-7Ub9EypybQ

Sizeable 10.5% increase in Tasmanian June quarter property activity: REIT

<html><body>
Five localities in Tasmania had median price increases above 20% for the March quarter, according to the Real Estate Institute of Tasmania.
The median house price in East Devonport grew 38% over the March quarter to $248,750 though there were only eight sales recorded by the REIT.
Prices in Legana increased 23.1%, 22.9% Ranelagh, 20.8% in Scottsdale and 20.4% in Mornington.
REIT president Adrian Kelly says after ending 2012 on such a positive note, house sales for Tasmania levelled out recording a 0.2% increase for the March quarter.
The top five most expensive suburbs were Acton Park, Mount Nelson, Sandy Bay, Seven Mile Beach and Kettering, while the top five most affordable suburbs were Queenstown, George Town, Smithton, Shorewell Park and Acton.
<img alt="tasmaniaapril30chartone" src="/images/stories/2013/04/tasmaniaapril30chartone.jpg" width="470" height="251">
 
<img alt="tasmaniaapril30charttwo" src="/images/stories/2013/04/tasmaniaapril30charttwo.jpg" width="470" height="190">
</body></html>

Top 10 price growth localities in Tasmania

<html><body>
House prices in Hobart fell 1.4% over the last quarter as the number of sales dropped 4.6%, according to the Real Estate Institute of Tasmania.
The median house price drop was most strongly felt in the outer suburbs where prices fell 8% to $322,000. Sale numbers dropped 4.5% to 107 sales.
Inner Hobart house prices increased by just 0.1% to $455,000, but sales numbers dropped 9.1% to 130.
Middle Hobart house prices increased 5.2% to $326,000 as sales figures dropped 1.5% to 202.
For other dwellings prices increased 1% across Hobart over the quarter while sales numbers dropped 1.7%.
Middle Hobart had a surge in sales of other dwellings, up 34% to 63 sales. Median prices slipped 1.3% to $265,000.
Strong gains in prices for other dwellings were felt in outer Hobart where median prices increased 9.4% to $290,000 though sales numbers dropped 29.6% to 19 sales.
And in Inner Hobart, other dwellings increased in price by 4.7% to $335,000. Sales numbers dropped 21.7% to 36 sales.
Most buyers in Tasmania over the quarter were 2nd home buyers, making up 56% of sales. This was followed by first home buyers at 19% and investors at 12%. There were just 4 developer sales recorded by the REIT.
<img alt="hobartapril29onethumb" height="74" width="470" src="/images/stories/2013/04/hobartapril29onethumb.gif">
</body></html>

Hobart house prices slip 1.4% over the March quarter

<html><body>
First-home buyers looking for a four-bedroom family home will have a hard time finding anywhere within 30 kilometres of the Melbourne CBD. 
Located 35 kilometres west of the city, Melton South is the closest suburb where first-home buyers can purchase a four-bedroom home and pay equal to or less than the average estimated first-home buyer mortgage repayment in Victoria of $414 per week.  
Aside from Melton South, first-home buyers looking for a four-bedroom home can find a residence in Frankston North, 37 kilometres south of Melbourne. 
There are a number of opportunities in rural Victoria for first-home buyers to find a four-bedroom home.  The Real Estate Institute of Victoria has listed such towns as Ararat, Ballarat (Wendouree), Bendigo (Eaglehawk), Colac, Corio, Kyabram, Longwarry, Mildura, Newcomb and Shepparton.
In order to find a four-bedroom home closer to the city, opportunities arise in the $430-$540 per week mortgage repayment range and are found in the outer suburbs of Melbourne.
The suburbs can be found in an interactive heat map showing weekly mortgage repayment price bands across Melbourne suburbs compiled by the Real Estate Institute of Victoria (REIV) as part of its new <a target="_blank" href="https://www.reiv.com.au/Property-Research/First-Home-Buyer-Guide">first-home buyer guide. </a>
The REIV has used a cut-off value of $430 per week, which is above the $414 per week median mortgage repayment. As a result of this, the heat map will show suburbs just above the first-home buyers' threshold as affordable.<a style="font-size: 0.8em;" target="_blank" href="https://www.reiv.com.au/Property-Research/First-Home-Buyer-Guide"> </a>
<a target="_blank" href="https://www.reiv.com.au/en/Property-Research/First-Home-Buyer-Guide/4-bedroom-houses"><img alt="reivjan22" height="629" width="470" src="/images/stories/2013/01/reivjan22.jpg"></a>
 
The $414 per week median mortgage repayment is based on the average first-home buyer loan size of approximately $286,600, a standard variable interest rate of 6.4%, receipt of the $7,000 first-home owners' grant, a loan term of 30 years, a 10% deposit, and benchmark lenders mortgage insurance (LMI) and conveyance fees.
<img alt="vicmap" height="618" width="470" src="/images/stories/2013/01/vicmap.jpg">
 
The full list starting with the cheapest is:
<a target="_blank" href="/news">Ararat</a>, $291 per week, median price of $220,000 <a target="_blank" href="/news">Kyabram</a>, $315 per week, median price of $237,500 <a target="_blank" href="/news">Frankston North</a>, $331 per week, median price of $249,000 <a target="_blank" href="/news">Corio</a>, $344 per week, median price of $258,750 <a target="_blank" href="/news">Morwell</a>, $356 per week, median price of $267,000 <a target="_blank" href="/news">Melton South</a>, $368 per week, median price of $276,250 <a target="_blank" href="/news">Bendigo </a>(<a target="_blank" href="/news">Eaglehawk</a>), $373 per week, median price of $280,000 <a target="_blank" href="/news">Mildura</a>, $375 per week, median price of $281,056 <a target="_blank" href="/news">Sebastopol</a>, $382 per week, median price of $286,000 <a href="/news">Horsham</a>, $384 per week, median price of $287,500 <a href="/news">Newcomb</a>, $384 per week, median price of $287,500 <a href="/news">Longwarry</a>, $390 per week, median price of 292,500 <a href="/news">Ballarat </a>(<a target="_blank" href="/news">Wendouree</a>), $394 per week, median price of $295,000 <a href="/news">Colac</a>, $401 per week, median price of $300,000 <a href="/news">Shepparton</a>, $401 per week, median price of $300,000
 
 
 
 
 
 
 
 
 
 
 
 
 
</body></html>

equinn-i7Kmo9afeu

Affordable four-bedroom houses in Victoria a long way from Melbourne: REIV

<html><body>
With a potential savings of up to $400,000, a new Suncorp report suggests it is little wonder more Australians are moving to regional cities such as Burnie, Tasmania, with its $230,000 median house price.

The Suncorp Family Friendly City report notes buying a family home in Burnie costs almost a third of what you will pay to live in a major capital like Sydney, which is unsurprisingly the most expensive place on the list to own a house.

Rounding out the most expensive places to live with Sydney are the resource boom hotspot Darwin and home of the national public service sector Canberra.

Located on the north-west coast of Tasmania, Burnie was also ranked as Australia’s healthiest city, according to the report.

[smartcode_project:default project_id=6876]

Burnie has been labeled the healthiest city due to each resident only visiting their doctor on average 1.3 times over the course of the year.

Surprisingly, they were also ranked among the nation’s unhealthiest when residents were asked how they feel about their own health.

Other positives of Burnie include a low crime rate of 3,769 crimes per 100,000 of the population – making Burnie the fifth safest city in the report.

But the bad comes with the good, and Burnie recorded the highest unemployment rate – equal 29th place with Victoria’s Ballarat – at 8%.

Burnie also recorded the lowest median weekly disposable income of $595 – equal 28th place with its neighbours Launceston and Hobart.

Burnie also came last in the connectivity category, with only 59.8% of households having broadband internet.

However it could be the place for you if childcare is important – it is third for the least crowded childcare, with 65 children per childcare centre.

Overall, <a href="/news">Burnie </a>ranked equal 11th in terms of family friendliness, sharing the spot with <a href="/news">Mackay </a>in Queensland.

Burnie topped the list as the most affordable city with a median house price of $230,000.

<a href="https://www.realestate.com.au/property-house-tas-burnie-110671113" target="_blank">A three-bedroom property located on Elizabeth Street</a> offering sea and port views (pictured below) comes with an asking price of $254,000

<img alt="eliz" height="342" src="/images/stories/2013/01/eliz.jpg" width="456">

Almost $400,000 above the median house price, a<a href="https://www.realestate.com.au/property-house-tas-burnie-110612285" target="_blank"> four-bedroom home located on Lorrie Place, Burnie (pictured below), </a>can be yours from $665,600.

<img alt="lorrie" height="342" src="/images/stories/2013/01/lorrie.jpg" width="456">

The property boasts three bathrooms, a grand foyer, a stacker stone feature wall and offers expansive sea views.

On the expensive end of the spectrum<a href="https://www.realestate.com.au/property-house-tas-burnie-111660767" target="_blank"> is a five-bedroom home on Ridgley Highway acreage</a> (pictured below) with an asking price of $1,595,000.

<img alt="ridgley" height="342" src="/images/stories/2013/01/ridgley.jpg" width="456">

There's a modern, recently renovated two-bedroom cottage also included on the 146-hectare property.

<table border="1" cellpadding="7" cellspacing="0" dir="ltr" style="width: 470px;"><tbody>
<tr>
<td height="12" valign="top" width="33%">
			Rank
			</td>
			<td height="12" valign="top" width="33%">
			City (State/Territory)
			</td>
			<td height="12" valign="top" width="33%">
			Average cost of a house
			</td>
		</tr>
<tr>
<td height="5" valign="top" width="33%">
			1st
			</td>
			<td height="5" valign="top" width="33%">
			Burnie (TAS)
			</td>
			<td height="5" valign="top" width="33%">
			$230,000
			</td>
		</tr>
<tr>
<td height="5" valign="top" width="33%">
			2nd
			</td>
			<td height="5" valign="top" width="33%">
			LaTrobe Valley (VIC)
			</td>
			<td height="5" valign="top" width="33%">
			$232,000
			</td>
		</tr>
<tr>
<td height="5" valign="top" width="33%">
			3rd
			</td>
			<td height="5" valign="top" width="33%">
			Albury/Wodonga (NSW)
			</td>
			<td height="5" valign="top" width="33%">
			$267,000
			</td>
		</tr>
<tr>
<td height="5" valign="top" width="33%">
			Equal 4th
			</td>
			<td height="5" valign="top" width="33%">
			Launceston (TAS)
			</td>
			<td height="5" valign="top" width="33%">
			$280,000
			</td>
		</tr>
<tr>
<td height="5" valign="top" width="33%">
			Equal 4th
			</td>
			<td height="5" valign="top" width="33%">
			Bundaberg (QLD)
			</td>
			<td height="5" valign="top" width="33%">
			$280,000
			</td>
		</tr>
<tr>
<td height="5" valign="top" width="33%">
			6th
			</td>
			<td height="5" valign="top" width="33%">
			Toowoomba (QLD)
			</td>
			<td height="5" valign="top" width="33%">
			$286,000
			</td>
		</tr>
<tr>
<td height="5" valign="top" width="33%">
			7th
			</td>
			<td height="5" valign="top" width="33%">
			Ballarat (VIC)
			</td>
			<td height="5" valign="top" width="33%">
			$300,000
			</td>
		</tr>
<tr>
<td height="5" valign="top" width="33%">
			8th
			</td>
			<td height="5" valign="top" width="33%">
			Wagga Wagga (NSW)
			</td>
			<td height="5" valign="top" width="33%">
			$305,000
			</td>
		</tr>
<tr>
<td height="5" valign="top" width="33%">
			9th
			</td>
			<td height="5" valign="top" width="33%">
			Bendigo (VIC)
			</td>
			<td height="5" valign="top" width="33%">
			$311,000
			</td>
		</tr>
<tr>
<td height="5" valign="top" width="33%">
			10th
			</td>
			<td height="5" valign="top" width="33%">
			Rockhampton (QLD)
			</td>
			<td height="5" valign="top" width="33%">
			$320,000
			</td>
		</tr>
<tr>
<td height="5" valign="top" width="33%">
			Equal 11th
			</td>
			<td height="5" valign="top" width="33%">
			Hobart (TAS)
			</td>
			<td height="5" valign="top" width="33%">
			$330,000
			</td>
		</tr>
<tr>
<td height="5" valign="top" width="33%">
			Equal 11th
			</td>
			<td height="5" valign="top" width="33%">
			Hervey Bay (QLD)
			</td>
			<td height="5" valign="top" width="33%">
			$330,000
			</td>
		</tr>
<tr>
<td height="5" valign="top" width="33%">
			13th
			</td>
			<td height="5" valign="top" width="33%">
			Coffs Harbour (NSW)
			</td>
			<td height="5" valign="top" width="33%">
			$335,000
			</td>
		</tr>
<tr>
<td height="5" valign="top" width="33%">
			14th
			</td>
			<td height="5" valign="top" width="33%">
			Bunbury (WA)
			</td>
			<td height="5" valign="top" width="33%">
			$340,000
			</td>
		</tr>
<tr>
<td height="5" valign="top" width="33%">
			15th
			</td>
			<td height="5" valign="top" width="33%">
			Cairns (QLD)
			</td>
			<td height="5" valign="top" width="33%">
			$345,000
			</td>
		</tr>
<tr>
<td height="12" valign="top" width="33%">
			Rank
			</td>
			<td height="12" valign="top" width="33%">
			City (State/Territory)
			</td>
			<td height="12" valign="top" width="33%">
			Average cost of a house
			</td>
		</tr>
<tr>
<td height="5" valign="top" width="33%">
			16th
			</td>
			<td height="5" valign="top" width="33%">
			Townsville (QLD)
			</td>
			<td height="5" valign="top" width="33%">
			$365,000
			</td>
		</tr>
<tr>
<td height="5" valign="top" width="33%">
			17th
			</td>
			<td height="5" valign="top" width="33%">
			Mandurah (WA)
			</td>
			<td height="5" valign="top" width="33%">
			$373,000
			</td>
		</tr>
<tr>
<td height="5" valign="top" width="33%">
			18th
			</td>
			<td height="5" valign="top" width="33%">
			Geelong (VIC)
			</td>
			<td height="5" valign="top" width="33%">
			$386,000
			</td>
		</tr>
<tr>
<td height="5" valign="top" width="33%">
			19th
			</td>
			<td height="5" valign="top" width="33%">
			Wollongong (NSW)
			</td>
			<td height="5" valign="top" width="33%">
			$397,000
			</td>
		</tr>
<tr>
<td height="5" valign="top" width="33%">
			20th
			</td>
			<td height="5" valign="top" width="33%">
			Adelaide (SA)
			</td>
			<td height="5" valign="top" width="33%">
			$405,000
			</td>
		</tr>
<tr>
<td height="5" valign="top" width="33%">
			21th
			</td>
			<td height="5" valign="top" width="33%">
			Mackay (QLD)
			</td>
			<td height="5" valign="top" width="33%">
			$420,000
			</td>
		</tr>
<tr>
<td height="5" valign="top" width="33%">
			22th
			</td>
			<td height="5" valign="top" width="33%">
			Sunshine Coast (QLD)
			</td>
			<td height="5" valign="top" width="33%">
			$430,000
			</td>
		</tr>
<tr>
<td height="5" valign="top" width="33%">
			Equal 23rd
			</td>
			<td height="5" valign="top" width="33%">
			Perth (WA)
			</td>
			<td height="5" valign="top" width="33%">
			$467,000
			</td>
		</tr>
<tr>
<td height="5" valign="top" width="33%">
			Equal 23rd
			</td>
			<td height="5" valign="top" width="33%">
			Gold Coast (QLD)
			</td>
			<td height="5" valign="top" width="33%">
			$467,000
			</td>
		</tr>
<tr>
<td height="5" valign="top" width="33%">
			25th
			</td>
			<td height="5" valign="top" width="33%">
			Newcastle (NSW)
			</td>
			<td height="5" valign="top" width="33%">
			$474,000
			</td>
		</tr>
<tr>
<td height="5" valign="top" width="33%">
			26th
			</td>
			<td height="5" valign="top" width="33%">
			Brisbane (QLD)
			</td>
			<td height="5" valign="top" width="33%">
			$505,000
			</td>
		</tr>
<tr>
<td height="5" valign="top" width="33%">
			27th
			</td>
			<td height="5" valign="top" width="33%">
			Melbourne (VIC)
			</td>
			<td height="5" valign="top" width="33%">
			$530,000
			</td>
		</tr>
<tr>
<td height="5" valign="top" width="33%">
			28th
			</td>
			<td height="5" valign="top" width="33%">
			Canberra (ACT)
			</td>
			<td height="5" valign="top" width="33%">
			$545,000
			</td>
		</tr>
<tr>
<td height="5" valign="top" width="33%">
			29th
			</td>
			<td height="5" valign="top" width="33%">
			Darwin (NT)
			</td>
			<td height="5" valign="top" width="33%">
			$609,000
			</td>
		</tr>
<tr>
<td height="5" valign="top" width="33%">
			30th
			</td>
			<td height="5" valign="top" width="33%">
			Sydney (NSW)
			</td>
			<td height="5" valign="top" width="33%">
			$642,000
			</td>
		</tr>
</tbody></table>
 

The full Suncorp report can be read <a href="https://www.suncorpbank.com.au/sites/default/files/Suncorp_Bank_Family_Friendly_City_Report_FINAL.pdf" rel="nofollow" target="_blank">here</a>.
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ntrotman-Et3xWpamVh

Burnie most affordable family-friendly city in Australia: Suncorp

<html><body>
Tasmania's Launceston has beaten Canberra as Australia’s most family-friendly city, according to a Suncorp Bank study.
Suncorp listed the nation’s 30 most family-friendly cities, with the three mainland east coast capitals failing to rate highly.
On worldwide surveys, Melbourne has been ranked as the most livable city in the world two years in a row but was ranked 14th on the Suncorp family-friendly survey.
Sydney was further down the ladder – ranked 23rd – and Brisbane was ranked 24th.
<img alt="top30" src="/images/stories/2013/01/top30.gif" width="470" height="658">
Although <a href="/news">Launceston</a> has a low average income, it trumped the three major cities with its low crime rate, less crowded schools and its lower average cost of housing.
The median house price is $335,000, according to RP Data, and the median unit price is $305,000.
The quiet town of Launceston is rich with historical buildings but there are prices to suit all.
<a href="https://www.realestate.com.au/property-house-tas-launceston-112482823" target="_blank">In the middle range, a five-bedroom, two-bathroom home </a>(pictured below) located on Brisbane Street comes with an asking price of $620,000.
<img alt="brisbstreet" src="/images/stories/2013/01/brisbstreet.jpg" width="470" height="353">
Tara built circa 1890 for Richard Gee, who went onto be the 39th mayor of Launceston in 1914.
<a href="https://www.realestate.com.au/property-house-tas-launceston-112558683" target="_blank">On the higher end of the scale, a five-bedroom, three-bathroom home </a>(pictured below) on French Street is listed with offers over $1.75 million.
<img alt="frenchst" src="/images/stories/2013/01/frenchst.jpg" width="470" height="353">
Offering views across Launceston City and down to the Tamar River, this home offers a self contained one-bedroom apartment downstairs, accessible from a private entrance or internal lift.
<a href="https://www.realestate.com.au/property-house-tas-launceston-112362383" target="_blank">On the cheaper end of the spectrum is a classic cottage on Balfour</a> Street (pictured below) with an asking price of $270,000.
<img alt="balfourst" src="/images/stories/2013/01/balfourst.jpg" width="470" height="353">
The three-bedroom, two-bathroom home boasts tin lining, high ceilings and multi-paned windows.
The full Suncorp report can be read <a href="https://www.suncorpbank.com.au/sites/default/files/Suncorp_Bank_Family_Friendly_City_Report_FINAL.pdf" target="_blank">here</a>.
Launceston picture courtesy of <a target="_blank" href="https://www.flickr.com/">Flickr</a>.
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Launceston smiles as the most family-friendly city in Australia

<html><body>
The small coastal town Binalong Bay – with a median house price of $318,500 – is Tasmania’s slowest selling suburb with an average of 209 days on the market before a sale.
Coles Bay - the main entrance point to the Freycinet National Park - comes in second place with a median house price of $300,00 and 190 days on the market.
Located on the western side of the Huon River, Glen Huon is third on the list with an average of 187 days on the market and a median house price of $265,000.
<table cellpadding="0" cellspacing="0" border="1"><tbody>
<tr>
<td width="106" valign="top">
Suburb
</td>
<td width="106" valign="top">
Postcode
</td>
<td width="106" valign="top">
Media Price
</td>
<td width="106" valign="top">
Time on market (days)
</td>
</tr>
<tr>
<td width="106" valign="top">
<a target="_blank" href="/news">Binalong Bay</a>
</td>
<td width="106" valign="top">
7216
</td>
<td width="106" valign="top">
$318,500
</td>
<td width="106" valign="top">
209
</td>
</tr>
<tr>
<td width="106" valign="top">
<a target="_blank" href="/news">Coles Bay</a>
</td>
<td width="106" valign="top">
7215
</td>
<td width="106" valign="top">
$300,000
</td>
<td width="106" valign="top">
190
</td>
</tr>
<tr>
<td width="106" valign="top">
<a target="_blank" href="/news">Glen Huon</a>
</td>
<td width="106" valign="top">
7109
</td>
<td width="106" valign="top">
$265,000
</td>
<td width="106" valign="top">
187
</td>
</tr>
<tr>
<td width="106" valign="top">
<a target="_blank" href="/news">Huonville</a>
</td>
<td width="106" valign="top">
7109
</td>
<td width="106" valign="top">
$299,000
</td>
<td width="106" valign="top">
183
</td>
</tr>
<tr>
<td width="106" valign="top">
<a target="_blank" href="/news">St Helens</a>
</td>
<td width="106" valign="top">
7216
</td>
<td width="106" valign="top">
$240,000
</td>
<td width="106" valign="top">
182
</td>
</tr>
<tr>
<td width="106" valign="top">
<a target="_blank" href="/news">Cygnet</a>
</td>
<td width="106" valign="top">
7112
</td>
<td width="106" valign="top">
$255,000
</td>
<td width="106" valign="top">
177
</td>
</tr>
<tr>
<td width="106" valign="top">
<a target="_blank" href="/news">Scamander</a>
</td>
<td width="106" valign="top">
7215
</td>
<td width="106" valign="top">
$280,000
</td>
<td width="106" valign="top">
175
</td>
</tr>
<tr>
<td width="106" valign="top">
<a target="_blank" href="/news">Geeveston</a>
</td>
<td width="106" valign="top">
7116
</td>
<td width="106" valign="top">
$265,000
</td>
<td width="106" valign="top">
174
</td>
</tr>
<tr>
<td width="106" valign="top">
Rosebery
</td>
<td width="106" valign="top">
7470
</td>
<td width="106" valign="top">
$60,000
</td>
<td width="106" valign="top">
169
</td>
</tr>
<tr>
<td width="106" valign="top">
<a target="_blank" href="/news">Bicheno</a>
</td>
<td width="106" valign="top">
7215
</td>
<td width="106" valign="top">
$267,000
</td>
<td width="106" valign="top">
164
</td>
</tr>
</tbody></table>
Lenah Valley is Tasmania’s fastest selling suburb with an average of 43 days on the market.
Source: <a target="_blank" href="https://www.rpdata.com/">RP Data </a>
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Binalong Bay tops Tasmania's 10 slowest selling suburbs

<html><body>
Situated in the foothills of Mount Wellington, Lenah Valley – with a median house price of $367,500 – is Tasmania’s quickest selling suburb with an average of 43 days on the market.
 Lying on the ride of Knocklofty, Mount Stuart is second on the list with an average of 46 days on the market and a median house price of $403,750.
Home to the Cascades Female Factory historic site, South Hobart is in third place with an average of 53 days on the market and a median house price of $390,300.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="106">
Suburb
</td>
<td valign="top" width="106">
Postcode
</td>
<td valign="top" width="106">
Median Price
</td>
<td valign="top" width="106">
Time on market (days)
</td>
</tr>
<tr>
<td valign="top" width="106">
<a href="/news">Lenah Valley</a>
</td>
<td valign="top" width="106">
7008
</td>
<td valign="top" width="106">
$367,500
</td>
<td valign="top" width="106">
43
</td>
</tr>
<tr>
<td valign="top" width="106">
<a href="/news">Mount Stuart</a>
</td>
<td valign="top" width="106">
7000
</td>
<td valign="top" width="106">
$403,750
</td>
<td valign="top" width="106">
46
</td>
</tr>
<tr>
<td valign="top" width="106">
<a href="/news">South Hobart</a>
</td>
<td valign="top" width="106">
7004
</td>
<td valign="top" width="106">
$390,300
</td>
<td valign="top" width="106">
53
</td>
</tr>
<tr>
<td valign="top" width="106">
<a href="/news">Moonah</a>
</td>
<td valign="top" width="106">
7009
</td>
<td valign="top" width="106">
$275,000
</td>
<td valign="top" width="106">
54
</td>
</tr>
<tr>
<td valign="top" width="106">
<a href="/news">Havenview</a>
</td>
<td valign="top" width="106">
7320
</td>
<td valign="top" width="106">
$229,000
</td>
<td valign="top" width="106">
58
</td>
</tr>
<tr>
<td valign="top" width="106">
<a href="/news">Seven Mile Beach</a>
</td>
<td valign="top" width="106">
7170
</td>
<td valign="top" width="106">
$413,000
</td>
<td valign="top" width="106">
62
</td>
</tr>
<tr>
<td valign="top" width="106">
<a href="/news">Dynnyrne</a>
</td>
<td valign="top" width="106">
7005
</td>
<td valign="top" width="106">
$415,000
</td>
<td valign="top" width="106">
66
</td>
</tr>
<tr>
<td valign="top" width="106">
<a href="/news">North Hobart</a>
</td>
<td valign="top" width="106">
7007
</td>
<td valign="top" width="106">
$407,500
</td>
<td valign="top" width="106">
67
</td>
</tr>
<tr>
<td valign="top" width="106">
<a href="/news">Park Grove</a>
</td>
<td valign="top" width="106">
7320
</td>
<td valign="top" width="106">
$291,500
</td>
<td valign="top" width="106">
67
</td>
</tr>
<tr>
<td valign="top" width="106">
<a href="/news">Brooklyn</a>
</td>
<td valign="top" width="106">
7320
</td>
<td valign="top" width="106">
$157,000
</td>
<td valign="top" width="106">
68
</td>
</tr>
</tbody></table>
Bingalong Bay is Tasmania’s slowest selling suburb with an average of 209 days on the market.
Source: <a style="outline-style: none; outline-width: initial; outline-color: initial; text-decoration: underline; color: #6888b1;" href="https://www.rpdata.com/" target="_blank">RP Data</a>
</body></html>

Lenah Valley tops Tasmania's 10 fastest-selling suburbs

<html><body>
Hobart is the capital city where investors are most likely to pick up a property cheaply, according to new analysis by RP Data.
Close to three-quarters (70.9%) of all house and unit sales in Hobart over the year to August were sold below $400,000, with Adelaide ranking second (58.7%) followed by Brisbane (43%) and Melbourne (36.4%).
Only a third (30.3%) of all Sydney sales were below $400,000 with Canberra ranking last with around a quarter (22.5%) below this benchmark.
The results for Hobart are not surprising, given the city had a median house price of $340,000 based on sales over the September quarter, according to the Real Estate Institute of Tasmania (REIT).
According to the REIT, the cheapest Hobart suburb is the fringe suburb of <a target="_blank" href="/news">Risdon Vale</a>, on the eastern shore of the River Derwent, where the median house price was $181,000, based on eight sales over the quarter.
The Tasmanian capital city also accounted for highest proportion of house and unit sales below $200,000, with 12.9% of sales priced below this point.
<table cellpadding="0" cellspacing="0" border="1" style="width: 470px;"><tbody>
<tr>
<td width="161" valign="top">
Capital City
</td>
<td width="160" valign="top">
&lt;$200,000
</td>
<td width="157" valign="top">
$200,000 to $400,000
</td>
<td width="138" valign="top">
Total &lt;$400,000
</td>
</tr>
<tr>
<td width="161" valign="top">
Hobart
</td>
<td width="160" valign="top">
12.9%
</td>
<td width="157" valign="top">
58%
</td>
<td width="138" valign="top">
70.9%
</td>
</tr>
<tr>
<td width="161" valign="top">
Adelaide
</td>
<td width="160" valign="top">
6.3%
</td>
<td width="157" valign="top">
52.1%
</td>
<td width="138" valign="top">
58.7%
</td>
</tr>
<tr>
<td width="161" valign="top">
Brisbane
</td>
<td width="160" valign="top">
2.5%
</td>
<td width="157" valign="top">
43%
</td>
<td width="138" valign="top">
45.5%
</td>
</tr>
<tr>
<td width="161" valign="top">
Melbourne
</td>
<td width="160" valign="top">
1.9%
</td>
<td width="157" valign="top">
34.5%
</td>
<td width="138" valign="top">
36.4%
</td>
</tr>
<tr>
<td width="161" valign="top">
Darwin
</td>
<td width="160" valign="top">
5.1%
</td>
<td width="157" valign="top">
28.6%
</td>
<td width="138" valign="top">
33.7%
</td>
</tr>
<tr>
<td width="161" valign="top">
Sydney
</td>
<td width="160" valign="top">
2.4%
</td>
<td width="157" valign="top">
27.9%
</td>
<td width="138" valign="top">
30.3%
</td>
</tr>
<tr>
<td width="161" valign="top">
Canberra
</td>
<td width="160" valign="top">
1%
</td>
<td width="157" valign="top">
21.5%
</td>
<td width="138" valign="top">
22.5%
</td>
</tr>
<tr>
<td width="161" valign="top">
Combined caps
</td>
<td width="160" valign="top">
2.7%
</td>
<td width="157" valign="top">
34.5%
</td>
<td width="138" valign="top">
37.2%
</td>
</tr>
</tbody></table>
Source: <a target="_blank" href="https://www.myrp.com.au/">RP Data</a>
Recent sales in Hobart below $400,000 include this attractive 1880s-built two-bedroom cottage (pictured below), which sold last month. A price has not been disclosed, but it was advertised “in the high $200,000s” and last sold for $73,500 in 1991. It sold through Ant Manton of Ray White Central Hobart. The property is bordered by walls on two sides called an “Arthur Wall” arrangement, an architectural feature used by the first settlers to extend their food growing season into winter by creating a 'warm micro-climate' between the surrounding walls.
<img width="470" src="/images/stories/2012/11/brisbst.jpg">
 
<hr class="system-pagebreak">
 
Another period home snapped up for under $400,000 recently was this five-bedroom house on Bathurst Street (pictured below), which sold for $325,000 through Martin Waldhoff of Fall Real Estate North Hobart.
The cottage dates back to 1890 with the listing suggesting it required some renovations (“ready for an internal make over”) while photos show a barren backyard.
<img width="470" src="/images/stories/2012/11/bathurstst.jpg">
However, it also demonstrates the stagnancy of the Hobart market. The cottage last sold for $320,000 in May 2007, having traded for $110,000 in 1992.
At the other end of the spectrum, Sydney had the highest proportion of sales above $1 million (11.1%), followed by Melbourne (7.8%) and Perth (6.5%).
Nationally, properties that sold for between $200,000 to $400,000 accounted for the plurality, or the bulk of sales; this price bracket accounted for 41.2% of sales over the year.
Property sales between $400,000 and $600,000 accounted for 30.4% of all sales over the year, while the price bracket between $600,000 to $800,000 represented the third largest segment at 11.2%.
RP Data research analyst Cameron Kusher points out there were more sales below $200,000 (7.1%) compared with sales over $1 million.
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lschlesinger-FZcF9M3vE6

Hobart and  Adelaide the capital cities with most property under $400,000: RP Data

<html><body>
The median <a target="_blank" href="/news">Hobart </a>house price fell by 8.1% to a median of $340,000 in the September quarter, according to the latest figures from the Real Estate Institute of Tasmania (REIT).
This has pushed back prices to levels last seen around early 2008.
The median house price fell despite a 4.2% rise in the number of Hobart houses sold over the quarter to 393 and the number of days taken to sell a house decreasing by one day to 58.
Across the state there was a 6.2% increase in house sales to 1,242.
Figures released yesterday by RP Data-Rismark suggest Hobart house prices are continuing to fall, recording a 4.5% fall in the Hobart dwelling price over October (one month ahead of REIT figures) to a median of $300,375 with houses down 3.8% ($313,000) and units down 10.1% ($247,500).
According to the REIT, <a target="_blank" href="/news">Launceston </a>was the only region in Tasmania to record an increase in its median house price over the quarter – up just 0.9% to a median of $265,000 and the only region to record an increase in median rent paid per week, with the rent for two-bedroom units up 20% for the quarter ($270 per week) and the year, and rent for three-bedroom houses steady for the quarter ($240 per week).
Across the state the median house price fell 1.7%, a 3.4% decrease overall for the year, to a median of $285,000, while unit prices fell more steeply, down 3%, a 4.2% decrease overall for the year to a median of $232,750.
The decline did not affect the prestige suburb of <a target="_blank" href="/news">Sandy Bay</a>, just south of the CBD, where the median sales price was up 26% over the quarter and 4.9% year-on-year to a median of $640,000.
The most affordable suburbs or town in Tasmania is <a target="_blank" href="/news">Queenstown</a>, where the median price has risen 33% over the past 12 months to September to $100,000.
Click to enlarge
<a title="Click to enlarge" rel="shadowbox" href="/images/stories/2012/10/reitnov2.gif"><img src="/images/stories/2012/10/reitnov2thumb.gif"></a>
The price declines were particularly severe in the outer suburbs of Hobart, where the median house price fell 8.3% over the September quarter to a median of $307,250 to be down 11.6% over the past 12 months, while unit prices fell 18.5% over the quarter to a median of $232,250, down 17.8% since September last year.


<hr class="system-pagebreak">
House prices declined in the middle suburbs by 10.2% over the quarter to a median of $300,750, while units in the middle suburbs were more resilient, holding steady at a median of $241,000 and down a relatively modest 3.6% year-on-year.
Click to enlarge
<a title="Click to enlarge" rel="shadowbox" href="/images/stories/2012/10/reitnov21.gif"><img src="/images/stories/2012/10/reitnov21thumb.gif"></a>
The severe house price declines in the suburbs did not extend to the inner city, where house prices rose 7.9% to a median of $469,150 while units fell marginally by 1.9% to a median of $321,250.
REIT president Adrian Kelly says the increased number of sales over the quarter is a “positive sign bringing real estate in Tasmania back to a similar position as it was at the beginning of the year”.
“Anecdotal evidence from agencies across the state also indicates they are receiving similar or more enquires about properties for sale,” he says.
“There are currently seven municipalities across Tasmania recording a median house price higher than that of the state median, those being Brighton, Clarence, Hobart, Huon Valley, Latrobe and the West Tamar.”
First-time buyers increased slightly for the quarter, accounting for 18% of house sales across the state, with a median house price of $237,500.
<a target="_blank" href="/news">Devonport </a>on the central north coast of Tasmania recorded the highest number of sales for the quarter of 38. Despite this, house prices fell 14.2% to a median of $220,750 and are down 7.2% year-on-year.
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