<a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.

A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.

Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360965]

“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.

From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.

The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360981]

Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.

A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.

Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360966]

Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.

“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.

Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360969]

Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.

The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.

“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”

The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.

The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.

[smartcode_project_cta:default project_id=149670]

Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.

The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.

Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.

The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.

The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" />

Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.

Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.

The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."

The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" />

Campbelltown has been starved of new residential developments in the last decade.

The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.

First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

[smartcode_project_cta:default project_id=152737]

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
</main>

Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

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>

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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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Within the greater Hobart region the suburbs worth watching are Moonah, Glenorchy and Berriedale which are all suburbs within a 15 kilometre drive of the Hobart CBD, according to HTW’s February 2017 update.
The valuation firm says within the $300,000 to $400,000 range, a larger family home can be purchased in these areas consisting of three to four bedrooms and in most cases being constructed of brick veneer with lockup garages.
The size of the houses within this price range would be between 140 and 240 square metres and the land size would range from 500 to 900 square metres.
Kingston is another suburb worth watching throughout the year.
Kingston is located on the southern outskirts of Hobart in the fast growing municipality of Kingborough.
While residents of Kingston have a longer commute to the city, it is a fast growing, well-serviced suburb located between Hobart and the Huon Valley.
The median sale price based on recent sales in this suburb was $388,000.
For this price in Kingston you could expect to purchase an older style 160 square metre home on just under 700 square metres of land.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-tas-kingston-124790410" target="_blank">10 Maranoa Road</a>, Kingston (above) has been listed for $385,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/property-house-tas-kingston-124782670" target="_blank">17 Fraser Street</a>, Kingston (below) has been listed for between $365,000 to $395,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/21/17%20Fraser%20Street.jpg" alt="">
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jonathanchancellor-7SQnKwU6yx

HTW's top Hobart property hotspots to watch in 2017

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Hobart is on track to be Australia’s best performing capital city property market in 2017 with the city boasting the tightest vacancy rates in the country, a more controlled housing supply pipeline and increased migration and tourism, according to HTW’s February 2017 update.
The valuation firm says buyer’s agents have reported an increased interest in the property market throughout the greater Hobart region and have observed first hand growth of 8% to 10% from January to December 2016.
Some of the buyer’s agents are predicting buyer activity further intensifying and forcing stronger growth throughout 2017.
The strong population growth in Tasmania has been suggested to be the main driver behind the performance of the Hobart housing market.
“Should the increased interstate migration and booming tourism levels continue we believe this will continue to create stronger growth throughout not only 2017 but also for the next few years,” HTW says.
HTW suggests that due to the increase in tourism throughout the state, many investors are purchasing properties to be used for short term holiday accommodation as they are able to offer competitive accommodation rates which in some cases offer a greater return compared to long-term rental accommodation.
“Many local real estate agents throughout the greater Hobart region have reported a shortage of stock which is driving shorter selling periods and higher sale prices as demand continues to outweigh supply,” the report says.
“2017 may be the year we see an increase in properties going to auction due to many properties having multiple offers only a few days after being listed.
“Taking properties to auction may increase the sales price achieved as it will allow further time for interested parties to discuss their options prior to rushing in with an offer in fear of missing out had the property not been offered for auction.
“Throughout the greater Hobart and Launceston regions centrally located suburbs that contain a good range of facilities, larger infrastructure such as shopping centres, educational and health institutions and public transport tend to be popular with renters and purchasers alike and are viewed as having the best capital growth potential.”
A three bedroom house at <a href="https://www.realestate.com.au/property-house-tas-hobart-124514026" target="_blank">125 Argyle</a>, Hobart (above) has been listed for over $850,000.
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/property-unit-tas-hobart-124772038" target="_blank">306/156 Bathurst Street</a>, Hobart (below) has been listed for over $165,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/21/306_156%20Bathurst%20Street.jpg" alt="">
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Hobart set to be top-performing residential property capital of 2017: HTW

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Queenstown is the cheapest place to purchase a house in Tasmania, according to Investar’s latest report.
The property investment firm says that the average median price of a two bedroom house at Queenstown is $68,000.
This is followed by Zeehan with $79,000 and Roseberry with $92,500 for a three bedroom houses.
<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">
Bedrooms
</td>
<td valign="top" width="106">
Median price
</td>
</tr>
<tr>
<td valign="top" width="106">
Queenstown
</td>
<td valign="top" width="106">
7467
</td>
<td valign="top" width="106">
2
</td>
<td valign="top" width="106">
$68,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Zeehan
</td>
<td valign="top" width="106">
7469
</td>
<td valign="top" width="106">
3
</td>
<td valign="top" width="106">
$79,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Roseberry
</td>
<td valign="top" width="106">
7470
</td>
<td valign="top" width="106">
3
</td>
<td valign="top" width="106">
$92,500
</td>
</tr>
<tr>
<td valign="top" width="106">
Mayfield
</td>
<td valign="top" width="106">
7248
</td>
<td valign="top" width="106">
3
</td>
<td valign="top" width="106">
$149,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Waverley
</td>
<td valign="top" width="106">
7250
</td>
<td valign="top" width="106">
3
</td>
<td valign="top" width="106">
$149,000
</td>
</tr>
</tbody></table>
A two bedroom house at <a href="https://www.realestate.com.au/property-house-tas-queenstown-124196974" target="_blank">10 Clark Street</a>, Queenstown (above) that has been listed for $68,000.
A two bedroom house at <a href="https://www.realestate.com.au/property-house-tas-queenstown-124196974" target="_blank">10 Harvey Street</a>, Queenstown (below) has been listed for $75,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/07/10%20Harvey%20Street.jpg" alt="">
A two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-tas-queenstown-124063622" target="_blank">9 Pillinger Street</a>, Queenstown (below) has recently been sold for $62,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/07/9%20Pillinger%20Street.jpg" alt="">
Similarly a two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-tas-queenstown-123443986" target="_blank">12 Urquhart Street</a>, Queenstown (below) was sold for $79,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/07/12%20Urquhart%20Street.jpg" alt="">
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j.ballantyne1990-6AQqhLzZaK

Queenstown the cheapest place in Tasmania to purchase a house: Investar

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PRDnationwide’s Hobart Property Hotspots Second Half of 2016 nominated three affordable unit hotspots for 2017.
They included Sandy Bay, Kingston and Howrah.
Sandy Bay
OVERVIEW
Approx. distance from CBD: 2km
Median unit price: $400,000
• 1 Bed Median Price $265,000
• 2 Bed Median Price $370,000
• 3+ Bed Median Price $575,000
Close to Hobart’s CBD, Sandy Bay is often associated with an expensive price tag, however its unit market is an attractive property option.
Although at the higher end of the unit hotspots it has continually displaying sought-after potential during 2016.
Median prices climbed 6.1% from 2015, double the growth of the previous year.
The area is set to have $5.1 million worth of new projects under construction by the end of 2016, adding further foundations for future growth in the area.
A two bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-tas-sandy+bay-124169774" target="_blank">1/16 Chessington Court</a>, Sandy Bay (above) was sold for $407,500.
Kingston
OVERVIEW
Approx. distance from CBD: 12km
Median unit price: $310,000
• 1 Bed Median Price $146,000
• 2 Bed Median Price $281,500
• 3+ Bed Median Price $357,500
Kingston features as both a unit and house hotspot this half year.
The area has shown positive movement over previous years creating confidence in its property market.
This confidence is underpinned by the commitment to improving the area by additional developments valued at $9.3 million.
The project focus is on additional residential stock to the market at a total of $5.5 million.
The further $3.8 million of project developments is shared between a infrastructure and commercial projects.
A three bedroom unit at <a href="https://www.realestate.com.au/property-unit-tas-kingston-123509838" target="_blank">1/65 Hutchins Street</a>, Kingston (below) has been listed for sale for $315,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/02/1_65%20Hutchins%20Street.jpg" alt="">
Howrah
OVERVIEW
Approx. distance from CBD: 7km
Median unit price: $300,000
• 1 Bed Median Price $175,000
• 2 Bed Median Price $290,000
• 3+ Bed Median Price $365,000
Located on the eastern shore of Hobart is the beachside suburb of Howrah.
Enjoying views of the Derwent River and the Hobart CBD this suburb has a lot on offer for its broad range of demographics.
From the many parks with walking tracks to recreation areas and more, Howrah boasts a sought-after living and lifestyle environment.
Recent upturns in sale prices, along with attractive investment returns, extremely low vacancy rate of 0.2%, and solid rental yield of 4.8%, reflect the strong potential of the area.
A two bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-tas-howrah-123846686" target="_blank">2/13 Hance Road</a>, Howrah (below) has been sold for $305,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/02/2_13%20Hance%20Road.jpg" alt="">
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jake-cSmGT7VXVf

Sandy Bay unit market prime for the picking: PRDnationwide

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Burnie is the cheapest locality to purchase a unit in Tasmania, according to Investar’s latest report.
The property investment firm says that the median price for a two bedroom unit at Burnie is $145,000.
This is followed by East Devonport with $149,000 for a two bedroom unit and Launceston with $155,000 for a studio or one redroom apartment.
<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">
Bedrooms
</td>
<td valign="top" width="106">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="106">
Burnie
</td>
<td valign="top" width="106">
7320
</td>
<td valign="top" width="106">
2
</td>
<td valign="top" width="106">
$145,000
</td>
</tr>
<tr>
<td valign="top" width="106">
East Devonport
</td>
<td valign="top" width="106">
7310
</td>
<td valign="top" width="106">
2
</td>
<td valign="top" width="106">
$149,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Launceston
</td>
<td valign="top" width="106">
7250
</td>
<td valign="top" width="106">
Studio and one
</td>
<td valign="top" width="106">
$155,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Newnham
</td>
<td valign="top" width="106">
7248
</td>
<td valign="top" width="106">
2
</td>
<td valign="top" width="106">
$162,500
</td>
</tr>
<tr>
<td valign="top" width="106">
Upper Burnie
</td>
<td valign="top" width="106">
7320
</td>
<td valign="top" width="106">
2
</td>
<td valign="top" width="106">
$164,500
</td>
</tr>
</tbody></table>
A two bedroom unit at <a href="https://www.realestate.com.au/property-apartment-tas-burnie-115662912" target="_blank">34-47 North Terrace</a>, Burnie (above) is on the market for between $119,000 to $124,000.
A two bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-tas-burnie-123190970" target="_blank">3/70 Moody Street</a> (below) was sold recently for $150,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2016/12/15/3_70%20Moody%20Street.jpg" alt="">
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Burnie ranks as cheapest Tasmanian unit locality: Investar

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Within the greater Hobart region, the most favoured price point among buyers at present is within the $300,000 to $400,000 range.
The majority of these sales come from the middle Hobart suburbs, according to Herron Todd White’s latest monthly market report.
The property advisory firm says that home buyers at this price point in these mid suburbs include up-graders and downsizers along with some investors.
The majority of recent sales and listings within this price bracket came from Howrah, Kingston, Lutana and Moonah, all of which are within a 15 kilometre radius of Hobart’s centre.
"Within this price range in Howrah you would typically be able to purchase a smaller sized, approximately 125 square metres of living area, modern home or a larger (from 175 square metres) older style home," the report said.
"In Kingston, to the south west of Hobart and the most rapidly growing area within the greater Hobart region, you can expect to pick up an older style home offering 140 to 180 square metres of living area for between $350,000 and $400,000.
"For those who prefer unit living, in Kingston for between $300,000 and $350,000, a two to three bedroom unit with a living area of around 100 to 130 square metres can be purchased within one of the newer subdivisions."
The $300,000 to $400,000 range is mostly favoured throughout Moonah and Lutana due to the attractive rental return for investors.
Typically an older style, three or four bedroom home in original condition can be purchased at around $350,000 and could be expected to achieve a gross yield between 4.5% to 6%.
One example would be a three bedroom home at <a href="https://www.realestate.com.au/property-house-tas-moonah-123751390" target="_blank">4 Clifford Street</a> (pictured above) that has been for sale for $335,000.
In the north of the state the most favoured price point among buyers appears to be within the $250,000 to $350,000 price range. South Launceston, West Launceston, Newstead and Invermay have recorded multiple sales within the past few months in this price range.
An older style, renovated home offering between 100 and 150 square metres of living area in west or south Launceston can be picked up within this $250,000 to $350,000 bracket. For the same price range in Newstead you can get an older style home in original condition with a living area ranging between 120 and 180 square metres. All of these suburbs are within two to four kilometres of Launceston’s centre.
The north and north-west of the state have a similar demographic of purchasers within their respective favoured buyer price points. Second home buyers appear to be in the majority and are either upsizing or downsizing.
North-west Tasmania is seeing a favoured price point within the $200,000 to $300,000 range. Devonport, East Devonport, Sheffield and Port Sorell have had a relatively stronger presence for both sales and listings.
Recently in Devonport and East Devonport purchases of modern or renovated homes that offer 125 to 200 square metres of living area have been made within this price bracket.
Both the north and north-west of the state paint a similar picture for investors as that of the south with gross yields of between 5% to 6% being achieved.
Throughout Tasmania the slowest price point appears to be within the $100,000 to $170,000 range.
The majority of properties within this range in the south can be found in Clarendon Vale, Bridgewater, and Gagebrook all of which are within approximately 30 kilometres or a 30 minute commute to the Hobart CBD, the report said.
These properties are mostly single level, brick veneer, three bedroom, one bathroom houses ranging from 90 to 120 square metres of living area and were previously state housing.
Buyers within this range are often investors looking for a strong rental return with rents ranging between $200 and $300 per week. Many of these homes require repairs prior to being made available for rent.
"Due to required repairs these homes generally have extended selling periods and do not appear to be in strong demand," HTW advised.
"Rocherlea and Waverley are suburbs in the north where similar types of properties are available for purchase but demand is likewise limited.
"While these suburbs offer low barriers of entry and good gross yields for investors their potential for future capital growth should also be considered,\."
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Attractive rental returns draw Tasmanian investors to Moonah and Lutana: HTW 

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Some 9.6% of Hobart houses and 14.5% of units resold over the June 2016 quarter were at a loss, according to the latest CoreLogic Pain and Gain report. 
The CoreLogic report compares the most recent sale price to the previous sale price in order to determine whether the property sold at a gross profit or gross loss.
Both property types recorded an increase over the quarter, however year on year there's some joy – 13.5% of Hobart homes resold over the June 2015 quarter were at a loss.
The Hobart metropolitian council regions with the highest proportion of loss making resales over the quarter were: Brighton (18.2%), Derwent Valley (17.4%) and Sorell (15.0%).
<a href="/images/2016/09/28/pain%20and%20gain%20hobart.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/28/pain%20and%20gain%20hobart.jpg" alt="">
The proportion of loss-making resales was lowest in Hobart (5.9%), Clarence (9.1%) and Kingborough (11.0%) council areas.
<a href="/images/2016/09/28/hobart%20pain%20and%20gain%20chart.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/28/hobart%20pain%20and%20gain%20chart.jpg" alt="">
Get the full report <a href="https://www.corelogic.com.au/news/file-download?id=56fe4d38-98f3-4f82-b763-e91283945def">here</a>.
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Hobart's Brighton and Derwent Valley property sellers cop sale pain: CoreLogic

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Mornington takes the equal top spot as Hobart's 2016/2017 hotspot for investing in houses with an expected increase of four percent over the next 12 months.
Mornington's current median price is $300,000, according to APM, in their forecast developed by APM senior economist, Dr Andrew Wilson.
<img src="/images/2016/09/22/31%20Binalong%20Road.jpg" alt="">
An example would be a four bedroom house at <a href="https://www.realestate.com.au/property-house-tas-mornington-122582650" target="_blank">31 Binalong Road</a> (above) that is currently on sale for over $349,000, which is $49,000 above the median price.
<img src="/images/2016/09/22/496%20Cambridge%20Road.jpg" alt="">
Similarly a four bedroom house was recently sold at <a href="https://www.realestate.com.au/sold/property-house-tas-mornington-121388966" target="_blank">496 Cambridge Road</a> (above) for $380,000, which is $80,000 more than the median price.
The Smart Investor magazine, published by Fairfax Media, ranked Blackmans Bay and North Hobart as equal best hotspot.
Suburb                   Postcode          Median price        12 month forecast
Mornington             7018                  $300,000                 4%
Blackmans Bay        7052                  $435,000                 4%
North Hobart           7000                 $475,000                  4%
Carlton                   7173                  $277,500                  3%
Primrose Sands       7173                   $210,000                 3%
West Hobart           7000                   $520,000                  3%
Kingston Beach       7050                   $480,000                 3%
Hobart                   7000                   $557,000                  3%
Bagdad                   7030                  $282,500                 3%
Taroona                  7053                   $522,500                 2%
 
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Mornington ranked the 2017 hotspot for Hobart houses

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With Sydney and Melbourne slowing, where do you think the next property hotspot could be? Hobart?
Few analysts would take this suggestion seriously, but researcher John Lindeman has come up with the numbers to back the idea.
"With only 2 percent of the nation’s population, a sluggish economy, high unemployment and social issues, especially in the northern cites. Yet look at what took place back in 2004, after the last big housing boom in Sydney and Melbourne had cooled down."
"Where did all the investors go to buy? In Hobart, and according to official ABS housing data, house prices there jumped by 50 percent in one year." 
<a href="/images/2016/05/27/Hobart.png" target="_blank">Click to enlarge</a>
<div><img src="/images/2016/05/27/Hobart.png" alt=""></div>
John Lindeman says that Hobart’s median house price in 2003 was just one third that of Sydney, but after the boom year, it had risen to half. And where is it right now? Back to one third of Sydney’s median house price again. 
"Of course, history doesn’t repeat itself, because the conditions are always different, but there is another way to check the potential for a Hobart housing boom, and that is by using our patented predictive methodology, which enables us to produce these pie charts showing the type of house market in each of Tasmania’s suburbs and towns a year ago, right now and the predicted change over the next year."
<div>
<div><a href="/images/2016/05/27/Screen%20Shot%202016-05-27%20at%2011.03.16%20AM.png" target="_blank">Click to enlarge</a></div>
<div><img src="/images/2016/05/27/Screen%20Shot%202016-05-27%20at%2011.03.16%20AM.png" alt=""></div>
 
<div>
The legend indicates what the colour of each type of market means, with prices rising strongly in a “boom” market, falling heavily in a “stressed” market, and the other types performing in between these extremes, so that a “neutral” market indicates no price change.
The pie charts tell an interesting story – they reveal that one year ago, a third of Tasmania’s suburbs and towns had seller or boom types of markets and this has now grown to more than half, but even more significantly, the number of suburbs with growth is expected to include two thirds of the total during the forecast period, and one third will be boom markets.
Most of the current and predicted boom markets are in Hobart, and even though Launceston is not showing any signs of growth potential as yet, rises in price are expected to extend there as well over the next year or two. Hobart has a shortage of housing, it’s a city which is attractive and affordable for retirees and offers positive cash flow opportunities to investors. Ten years of little to no growth are set to end as mainland investors turn their sights to Tasmania.
Simon Pressley of <a href="https://www.propertyology.com.au/">www.propertyology.com.au</a> is also betting on Hobart. “If we draw a line in the sand right now and cast our minds forward three years, of Australia’s eight capital city property markets my money is on Hobart being Australia’s best performer!" 
"While other so-called experts were berating Tasmania’s basket-case economy, Propertyology gave Hobart our official green-light back in April 2014," he adds.
</div>
</div>
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Hobart could be the next property hotspot: John Lindeman 

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The volume of house sales across Tasmania increased by 12.1% over the March quarter, according to the Real Estate Institute of Tasmania (REIT).
In the March quarter, 1,622 Tasmanian houses sold. The result is the highest seen in Tasmania since the March quarter of 2010, when 1,658 houses sold. REIT president Tony Collidge claims the quarterly results show many markets in Tasmania have bottomed out.
The 1,622 houses sold with a median price of $310,000, with prices highest in Hobart's inner ring, which recorded a median price of $548,000.
In West Hobart, the <a href="https://www.realestateview.com.au/Real-Estate/west-hobart/Property-Details-sold-residential-8471530" target="_blank">Federation home</a> pictured below sold for $548,000 in March this year.
<img src="/images/photos/Federation.jpg" alt="" width="569" height="391">
The four bedroom double brick home is on a 600 square metre plot and is located close to various schools and public transport.
Vendors are taking offers over $530,000 for this <a href="https://www.realestateview.com.au/Real-Estate/318-murray-street-north-hobart/Property-Details-buy-residential-3777505">double storey brick home</a>. It has been renovated, and has four bedrooms, with both formal and informal living areas.
<img src="/images/photos/tas.jpg" alt="" width="567" height="359">
Launceston house sale volumes rose by a greater proportion in the quarter, at 15.3%, than in Hobart, where the number of house sales increased by 7%.
Across Tasmania, the median house price was down 1.6% for the quarter, but up 1.6% annually.
Collidge said investor activity had increased over the three months to March, with 261 sales to investors.
"These investor figures are up 2% to 16% of all buyers, with a median house purchase price of $242,000," said Collidge.
"Likewise mainland buyers increased to 17% of all sales, whilst sales to foreign purchasers remained at 1%.
"These figures are indicative of the Melbourne and Sydney markets being near the top of their run, with many mainland investors looking for other destinations to invest, and the positive signs within our property market, good returns, low vacancy rates, and a turnaround in activity have made Tasmania an area worth considering."
The REIT recorded the strongest rates of first home buyer sales in the North West Coast and Launceston. Over the quarter, 19 Tasmanian homes sold for over $1 million.
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