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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The old pharmacy building in Tasmania’s Campbell Town has been listed for sale with an asking price of $495,000.
The double-fronted red brick retail residence is the former Campbell Town Pharmacy and comes attached to a four-bedroom residence on 250 square metres.
Marketing for the property suggests that, subject to council approval, the second residence could be used as a separate business and comes with “park like” gardens.
<a target="_blank" href="https://www.realcommercial.com.au/property-retail-tas-campbell+town-500196156">The historic double-storey home</a> fronts onto High Street, the main street in the Midlands town.
It is being sold by Gordon Humphreys from Harrison Humphreys Launceston, who says the pharmacy once operated as a stand-alone shop but it has been vacant for some years.
"Currently the previous owner of the pharmacy lives in the house," he says.
It comes with off-street parking, a 59-square-metre double garage.
The town lies on the major highway between Hobart and Launceston.
The home part of the lot comprises four bedrooms, a bathroom, a washroom, a kitchen and a sitting room.
The retail portion is 96 square metres, and the total land size is 936 square metres.
There are more than 100 century-old colonial buildings in the town, which was established in 1820.
The most recent sale on High Street Campbell Town was a two-level weatherboard building at 108 High Street, which sold for $190,000 in October last year having last sold for $172,000 in 2006.
The 1965-built former milk bar is currently operating as a tourist shop.
And Zep's Cafe at 92 94 High Street was recently listed through LJ Hooker Hobart.
The listing advertised net yields of 9.75% for the restuarant and conference centre.
The 941-square-metre property earned $78,000 per annum. Given the indicated yield, the asking price would have been around $800,000.
The pharmacy building is close to the Red Bridge – the oldest convict-built red brick bridge in Australia, which was originally constructed for horse-drawn vehicles, and is now crossed by up to 2 million vehicles a year.
The pharmacy is not listed on the Tasmanian heritage database.
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Historic High Street, Campbell Town, retail opportunity

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The China Investment Corporation is negotiating a stake in Australia’s largest dairy operation, the Van Diemen’s Land Company, which operates in Tasmania, Fairfax Media reports.
Van Diemen's Land is in Tasmania's north-west has 25,000 dairy cows and 6,500 beef cattle on about 19,000 hectares in 27 farming operations, most of them dairying.
The dairy company, which was established in 1825, has been interested in doubling the Tasmanian enterprise’s milk production along with an expanded workforce with a $180 million injection of investment funds.
It's reported there have been preliminary consultations with the Foreign Investment Review Board about the mooted acquisition by the Chinese sovereign wealth fund. 
China Investment Corp, which has about $US190 billion to invest internationally, sent four executives to Tasmania early this month, the Australian Financial Review reported.
Tasmanian Premier Lara Giddings held a lengthy meeting with CIC’s president, Gao Xiqing, during a recent visit to Beijing.
“We would welcome a Chinese investment in our dairy industry,” she said in a speech in Shanghai.
<a href="https://www.vdlfarms.com.au/about">Van Diemen's Land </a>is 98.42% owned by New Zealand company Tasman Farms, whose major shareholder is the New Plymouth District Council.
According to intodairy.com.au, Tasmania’s dairy industry is the only dairy industry in any Australian state to show growth in production over the past year, with a 19.5% increase, compared with a national decrease of 15%.
The Tasmanian Dairy Industry Strategic Plan targets a 25% growth in production by 2015.
<a href="https://www.parks.tas.gov.au/index.aspx?base=2644">Highfield House</a>, which was built in the early 1830s as a residence for Edward Curr, chief agent of the Van Diemen's Land Company, was acquired in 1982 by the Tasmanian government, with funds from the National Estate.
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Chinese eye off NZ stake in Tasmania's biggest dairy company

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The Tasmanian property market is set to deteriorate in the coming six months, due to continuing job losses contributing to rising unemployment levels, low confidence in the state economy and high numbers of properties on the market, according to the First National Real Estate 2012 Property Market Outlook Mid-Year Update. 
The Update, released this week, is based on a survey of the 400+ member network, and provides an insight on what member agents expect the market to do, drawing on their experience at the grass roots level. 
The state of Tasmania’s economy is dependent upon global and national domestic economies, and prudent spending and strong leadership is required but is currently lacking. 
Tasmania’s economy and the state of the property market are intertwined, and the state needs to progress incentives that will grow the state and increase its revenue, and that shouldn’t be from charging more for stamp duty. 
The key challenges for the Tasmanian property market are increased costs of living, job security and consumer confidence, particularly as it is affected by the current large cuts to the state budget. 
The continued cuts in state spending are fuelling consumer concerns and eroding confidence.
The market needs incentives for first-home buyers, which are further suffering as a result of banks tightening their lending policies, making them save longer for a larger deposits and stamp duty concessions being abolished last year. 
According to the Update, Tasmania’s west coast, north-west coast, areas of Hobart and East Launceston will be the best performing regions in the state, while hotspots will be locations exposed to the mining industry development. 
The Update says the strongest growth will come from the upgrader sector, as buyers capitalise on prime market conditions of improved affordability and low interest rates. 
Property prices should trend downwards, due to the ongoing consumer nervousness and lack of confidence in economic conditions. 
The rental market in Tasmania is expected to remain in its current state, with ongoing steady supply meeting consistent demand. 
Interest rates are expected to reduce further, however it is not expected this will impact too greatly on the state’s property market, as any gains will be offset by rising living costs such as increasing electricity bills. 
The expected hikes in electricity, rates and water/sewerage rates will put financially strapped mortgage holders under further pressure, generating an increasing in mortgage defaults for the state.
What the market needs is for stamp duty to be abolished, which would greatly assist in sustaining the state’s property market over the coming six months. 
According to the Update, the Tasmanian commercial property market is expected to weaken, with decreases in property and rental prices. 
Low consumer, business and market confidence will drive decreases across the board. 
The market will also be affected by poor retail figures and increasing outgoings, putting businesses under financial pressure and forcing them to close down or relocate to more affordable precincts. 
However, the rural property market in Tasmania is expected to hold up for the remainder of the year, with the lifestyle segment representing the greatest growth sector on Tasmania’s north coast.
Deanne Lamprey is the chairwoman of <a target="_blank" href="https://firstnationaltasmania.com.au/fntasmania/">First National Real Estate Tasmania.</a>
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Costs of living, job security and consumer confidence key challenges for Tasmania's property market

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With Tasmanian house prices continuing to fall, Hobart vendors are struggling to find buyers, even when they offer deep discounts, SQM Research has found.
Hobart's median house price has fallen 2.3% to $353,000 in the past year, <a target="_blank" href="https://www.propertyobserver.com.au/residential/tasmanian-house-prices-still-falling-reit/2012050254519">according to figures released by the Real Estate Institute of Tasmania</a>. And vendors are finding it increasingly difficult to close the deal, with the number of sales across Tasmania down 12.3% compared with the same month last year.
"Hobart is undergoing some pretty severe oversupply issues with both high stock levels and rental vacancies," says SQM director Louis Christopher.
Hobart's vendors are offering an average discount of 7.5%, compared with 5.6% in the Northern Territory, 8.1% in New South Wales, 7.4% in Queensland and an average discount of 7.1% in Victoria, according to RP Data.
Hobart properties lingered on the market for an average of 143 days before being sold in April, according to Australian Property Monitors. This compares with an average of 94 days in Sydney, 105 in Melbourne, 136 in Brisbane, 138 in Adelaide and 136 in Perth. 
SQM Research has released a list of the most discounted properties in Hobart, six months after its last list of deepest Hobart discounts. There is just one property that is still on the list, 22 Beach Street, White Beach. It came in at number 10 in November 2011, with its price hopes having been slashed from $250,000 to $195,000, or a discount of 22% after 1,211 days on the market.
It is now at number three, with its vendors having reduced their price expectations again, to $170,000.
<h2 style="font-size: 18px; line-height: 21px;">1</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008421301" target="_blank">27 Reeve Street, Campania, Tasmania, 7026</a>
On the market since: June 14, 2010
Initial asking price: $330,000
Current asking price: $200,000
Reduction: 39%
Days on market: 589
<h2 style="font-size: 18px; line-height: 21px;"></h2>
<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.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106990132" target="_blank">211 Jetty Road, Eaglehawk Neck, Tasmania, 7179</a>
On the market since: November 14, 2010
Initial asking price: $595,000
Current asking price: $375,000
Reduction: 37%
Days on market: 434
 
<h2 style="font-size: 18px; line-height: 21px;"></h2>
<h2 style="font-size: 18px; line-height: 21px;">3</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2006781491" target="_blank">22 Beach Street, White Beach, Tasmania, 7184</a>
On the market since: July 1, 2008
Initial asking price: $250,000
Current asking price: $170,000
Reduction: 32%
Days on market: 1,302
 
<h2 style="font-size: 18px; line-height: 21px;">4</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008415859">27 Turners Road, Saltwater River, Tasmania, 7186</a> (pictured)
On the market since: June 14, 2010
Initial asking price: $695,,000
Current asking price: $475,000
Reduction: 32%
Days on market: 673
 
 
<h2 style="font-size: 18px; line-height: 21px;">5</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106613943" target="_blank">29 Watsons Road, Glen Huon, Tasmania, 7109</a>
On the market since: June 13, 2010
Initial asking price: $179,000
Current asking price: $125,000
Reduction: 30%
Days on market: 588
 
<h2 style="font-size: 18px; line-height: 21px;">6</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2009110098">133 Davis Road, Baden, Tasmania, 7120</a>
On the market since: July 18, 2011
Initial asking price: $375,000
Current asking price: $280,000
Reduction: 25%
Days on market: 267
 
<h2 style="font-size: 18px; line-height: 21px;">7</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008864836" target="_blank">8a Barton Avenue, Triabunna, Tasmania, 7190</a>
On the market since: March 7, 2011
Initial asking price: $295,000
Current asking price: $220,000
Reduction: 25%
Days on market: 400
 
 
<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%3D107250730">1620 Nubeena Road, Nubeena, Tasmania, 7184</a>
On the market since: March 20, 2011
Initial asking price: $395,000
Current asking price: $300,000
Reduction: 24%
Days on market: 308
 
<h2 style="font-size: 18px; line-height: 21px;">9</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106224707" target="_blank">26 Glenbervie Road, Dover, Tasmania, 7117</a>
On the market since: December 27, 2009
Initial asking price: $250,000
Current asking price: $190,000
Reduction: 24%
Days on market: 770
 
<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%3D109304791" target="_blank">2/12 Churchill Road, Taroona, Tasmania, 7053</a>
On the market since: January 29, 2012
Initial asking price: $4375,000
Current asking price: $299,000
Reduction: 20%
Days on market: 70
 
SQM Research also offers a list of the <a title="SQM Research" href="https://www.sqmresearch.com.au/top100bargains.php" target="_blank">Top 100 Biggest Bargains in Australia </a>for sale.
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Hobart vendors struggling in oversupplied market, even with discounts: SQM

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The pace of Hobart house price falls picked up in the second half of 2011 at the same time as the proportion of mainland investors, who have traditionally helped support the Tasmanian market, dwindled.
Mainland buyers constituted 13% of sales in Tasmania during the December quarter, according to the Real Estate Institute of Tasmania property report – this figure has been as high as 25% in past years.
<img src="/images/stories/clockhobart.jpg">
According to the REIT, prices vary widely across the different Hobart markets – while inner Hobart had a median price of $471,310, middle Hobart had a median price of $320,000, and outer Hobart had a median price of $345,000 in February.
There was some good news for the Hobart market, with affordability improving by 3.1% in the final quarter of 2011, according to the HIA-Commonwealth Bank Housing Affordability index.
However the REIT reports just a handful of sales in some of Hobart’s most expensive suburbs in December, indicating a property market in virtual hibernation.
For example there were just five sales in Tranmere, middle Hobart in the December quarter. Tranmere has a median price of $665,000.
Population: 215,000
Median house price: $340,000
Median unit price: $260,000
House price growth in February 2012: 2.1%
Unit price growth in February 2012: 3.4%
Annual dwelling price growth to December 2011: -5.9%
Annual dwelling price growth to July 2011: -4.4%
Rental yield: 5.3% (houses), 5% (units)
 
To find out where your capital city's house or unit market is on the property clock, <a href="http://propertyobserver.com.au/ebooks/free-ebook-australias-autumn-2012-property-clock" target="_blank">download our free eBook.</a>
 
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Hobart housing market at three o'clock and in virtual hibernation: Experts

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Seven Mile Beach, near Hobart International Airport, is Tasmania’s fastest-selling locality, with houses taking an average of just 26 days to sell last year, according to RP Data. This was closely followed by Cooee at 30 days and then by Mount Stuart at 40. Property Observer notes there were 18 sales in Seven Mile Beach last year.
<table width="220" cellpadding="0" cellspacing="0" border="0"><tbody>
<tr>
<td valign="bottom" nowrap width="117">
Locality
</td>
<td valign="bottom" nowrap width="103">
Days on Market
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="117">
Seven Mile Beach
</td>
<td valign="bottom" nowrap width="103">
26
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="117">
Cooee
</td>
<td valign="bottom" nowrap width="103">
30
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="117">
Mount Stuart
</td>
<td valign="bottom" nowrap width="103">
42
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="117">
Brooklyn
</td>
<td valign="bottom" nowrap width="103">
44
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="117">
Lutana
</td>
<td valign="bottom" nowrap width="103">
47
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="117">
Parklands
</td>
<td valign="bottom" nowrap width="103">
52
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="117">
West Hobart
</td>
<td valign="bottom" nowrap width="103">
53
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="117">
Battery Point
</td>
<td valign="bottom" nowrap width="103">
54
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="117">
Mornington
</td>
<td valign="bottom" nowrap width="103">
55
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="117">
Forcett
</td>
<td valign="bottom" nowrap width="103">
60
</td>
</tr>
</tbody></table>
 Source: RP Data
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Seven Mile Beach leads fastest-selling localities in Tasmania: RP Data

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Scottsdale, in Tasmania’s north east, is the state’s slowest-selling locality, with houses taking more than six months to sell, according to RP Data. Scottsdale has recently suffered from job losses. Property Observer notes there were 18 sales in Scottsdale last year.
<table width="211" cellpadding="0" cellspacing="0" border="0"><tbody>
<tr>
<td valign="bottom" nowrap width="108">
Locality
</td>
<td valign="bottom" nowrap width="103">
Days on Market
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="108">
Scottsdale
</td>
<td valign="bottom" nowrap width="103">
194
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="108">
Huonville
</td>
<td valign="bottom" nowrap width="103">
164
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="108">
Scamander
</td>
<td valign="bottom" nowrap width="103">
163
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="108">
St Helens
</td>
<td valign="bottom" nowrap width="103">
162
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="108">
Shearwater
</td>
<td valign="bottom" nowrap width="103">
161
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="108">
Turners Beach
</td>
<td valign="bottom" nowrap width="103">
159
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="108">
Triabunna
</td>
<td valign="bottom" nowrap width="103">
155
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="108">
Eaglehawk Neck
</td>
<td valign="bottom" nowrap width="103">
152
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="108">
Miandetta
</td>
<td valign="bottom" nowrap width="103">
152
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="108">
Westbury
</td>
<td valign="bottom" nowrap width="103">
150
</td>
</tr>
</tbody></table>
 Source: RP Data
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Scottsdale slowest-selling locality in Tasmania: RP Data

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As we look to what's ahead for 2012, Property Observer is republishing some of our most noteworthy stories of 2011.
 
Former head of Macquarie Group’s real estate and banking Bill Moss has bought Tasmania’s Cradle Mountain Lodge with a group of investors, amid a struggling tourism sector.
Moss Capital bought the property for $25 million through CBRE. It previously traded for $21 million in 2009.
Moss advocates investing in the tourism sector, which is struggling due to high Australian dollar, low patronage and cheap flights.
“If we become interested we like to think we can increase the future value,” Moss says.
“You will hear about us buying more tourism assets.”
<img src="/images/stories/cradlemountain3.jpg">
The lodge was developed 25 years ago. The property borders the World Heritage-listed Cradle Mountain and Lake St Clair National Park.
Tasmania had 450,000 holiday arrivals in 2007-08 but this has dropped to fewer than 375,000 visitors according to Tourism Industry Council of Tasmania chief executive Luke Martin.
“There’s been a real softening. We are no different to any other tourism destination in the country, which is a reflection of the high Australian dollar, unprecedented low international airfares and the enormous incentives for Australians to travel overseas,” he told The Financial Review.
Across Australia occupancy rates and average room rate have improved slightly over the last two years, with revenue per available room expected to grow 6% this year, according to Deloitte research.
<a target="_blank" href="https://www.propertyobserver.com.au/leisure/dunk-island-in-fnq-rumoured-to-have-sold-to-linc-energy-boss-peter-bond/2011120252645">The purchase comes as Linc Energy founder Peter Bond spent $10 million on Queensland’s Dunk Island last week as a private getaway.</a>
Moss says he will continue to buy hotels and resorts.
“[I have] private families interested in buying iconic assets.”
The previous owners purchased the lodge in July 2009 for $21 million.
The lodge was opened in 1971 by four Tasmanians after they bought 324 hectares of property on the border of the national park.
In 1984 the lodge was bought by Simon and Anne Currant, who refurbished the property. P&amp;O bought the property in 1988 and did further works before passing it on to Voyages Hotels and Resorts, which sold it on in 2009.
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Former Macquarie Group executive director Bill Moss heads Cradle Mountain Lodge buying syndicate

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The Tasmanian property market, slow at the best of times, has turned positively glacial, as SQM Research’s list of the most discounted properties in Tasmania shows.

SQM director Louis Christopher points out that the most discounted home in Tasmania, 588 White Beach Road, White Beach, has been on the market for more than a year despite numerous incentives to try to secure a buyer. 

<p style="background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: white; background-position: initial initial; background-repeat: initial initial;">"Having already spent well over a year on the market, it seems that even price slashes totalling $380,000 as well as offering the home completely furnished has done little to attract significant buyer interest for this waterfront property," Christopher says.

<p style="background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: white; background-position: initial initial; background-repeat: initial initial;">Six of the 10 properties on SQM's list of the most discounted properties in Tasmania have been on the market for more than a year, and all have been on the market for more than 200 days. 

Hobart house prices have fallen 1% during the September quarter, which Christopher says is to be expected as the market continues to decline.

<p style="background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: white; background-position: initial initial; background-repeat: initial initial;">Christopher says the most recent fall is "in line with our original predictions that Hobart house prices will decline anywhere from 1.5% to 3.5% by the end of the 2011 calendar year".
<p style="background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: white; background-position: initial initial; background-repeat: initial initial;">According to RP Data's Tim Lawless <a href="/news">the market is struggling as tree-changers are no longer moving to Tasmania</a>.
<p style="background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: white; background-position: initial initial; background-repeat: initial initial;"> 
<h2 style="font-size: 18px; line-height: 21px;">1</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106479093" target="_blank">588 White Beach Road, White Beach, Tasmania, 7184</a>
On the market since: May 23, 2010
Initial asking price: $780,000
Current asking price: $400,000
Reduction: 49%
Days on market: 518
 
<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%3D2008491614" target="_blank">25 Vicary Street, Triabunna, Tasmania, 7190</a>
On the market since: August 2, 2010
Initial asking price: $299,000
Current asking price: $189,000
Reduction: 37%
Days on market: 449
 
3
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008743860">2 Duke Street, Geeveston, Tasmania, 7116</a>
On the market since: December 20, 2010
Initial asking price: $225,000
Current asking price: $160,000
Reduction: 29%
Days on market: 309
 
<h2 style="font-size: 18px; line-height: 21px;">4</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008795499">10 Lovell Road, Crabtree, Tasmania, 7109</a>
On the market since: February 7, 2011
Initial asking price: $799,000
Current asking price: $600,000
Reduction: 25%
Days on market: 260
 
<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%3D2008887920" target="_blank">128 Sandy Bay Road, Sandy Bay, Tasmania, 7005</a>
On the market since: March 21, 2011
Initial asking price: $795,000
Current asking price: $600,000
Reduction: 25%
Days on market: 218
 
<h2 style="font-size: 18px; line-height: 21px;">6</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106224707" target="_blank">26 Glenbervie Road, Dover, Tasmania, 7117</a>
On the market since: December 27, 2009
Initial asking price: $250,000
Current asking price: $190,000
Reduction: 24%
Days on market: 665
 
<h2 style="font-size: 18px; line-height: 21px;">7</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106859302" target="_blank">37 Islington Road, Montrose, Tasmania, 7010</a>
On the market since: December 3, 2010
Initial asking price: $380,000
Current asking price: $290,000
Reduction: 24%
Days on market: 385
 
 
<h2 style="font-size: 18px; line-height: 21px;">8</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008866998" target="_blank">14 Castlereagh Court, Lenah Valley, Tasmania, 7008</a> (pictured)
On the market since: March 14, 2011
Initial asking price: $550,000
Current asking price: $425,000
Reduction: 23%
Days on market: 225
 
<h2 style="font-size: 18px; line-height: 21px;">9</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2007685342" target="_blank">5090 Tasman Highway, Buckland, Tasmania, 7190</a>
On the market since: May 18, 2008
Initial asking price: $250,000
Current asking price: $195,000
Reduction: 22%
Days on market: 1,255
 
<h2 style="font-size: 18px; line-height: 21px;">10</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2006781491" target="_blank">22 Beach Street, White Beach, Tasmania, 7184</a>
On the market since: July 1, 2008
Initial asking price: $250,000
Current asking price: $195,000
Reduction: 22%
Days on market: 1,211
 
SQM Research also offers a list of the <a href="https://www.sqmresearch.com.au/top100bargains.php" title="SQM Research" target="_blank">Top 100 Biggest Bargains in Australia </a>for sale.
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Hobart houses still struggling to sell, despite discounts: SQM

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{yoogallery src=[images/stories/september6schofield]}
Arts guru Leo Schofield has listed the antique contents of his early colonial Tasmanian sandstone residence, Dysart House, for October sale.
The listing suggests the property itself is nearing exchange, having been marketed since late 2010 through Charlotte Peterswald agent Brian Watchorn. While it is presumed it will remain a private residence, Dysart House has been marketed as suited for adaption to boutique accommodation, restaurant, or even as cooking school, the state’s current big thing.
Its stables could be also be used as an antique centre.
Located about 40 minutes from Hobart, it represents the best of listings in Tasmania.
The 1842 residence comes with a music room, billiard room, commercial kitchen and 10 bedrooms and has been Schofield's base since he departed Bronte House.
Dysart House’s past owners include Sydneysiders Paul and Yvonne Maule, along with actor Reg Livermore.
The former coaching inn stands on six hectares in the historic village of Kempton, where its first occupant, ex-convict embezzler-turned-innkeeper William Ellis, is buried in the nearby cemetery.
Designed in the Greek Revival (Georgian) style, its main facade is breakfront with five bays.
The portico has square and round Tuscan columns, framing the central entrance with four-panel door, fanlight and half sidelights.
Two wings, each with attic spaces, enclose a huge flagged courtyard and caretaker's quarters.
Built in 1842, it was originally named 'The Green Ponds Hotel' and served as an inn, public house and residence until the 1860s.
During the next decade it was used as scholastic establishment for young ladies before reverting to private occupancy.
The grounds come with an 1845 coach house and stables, partially restored.
The contents have been listed for October 23 Mossgreen auction.
Schofield has undertaken an extensive restoration in the past six years.
He has been recently spotted at a heritage listings elsewhere in Tasmania, so appears set to remain on the Apple Isle.
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