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 median Burnie rental rate of $190 a week is less than half the $455 a week median in Hobart, according to the latest Knight Frank/Residex data on Tasmania.
In Burnie, a renter could expect a house like <a href="https://www.realestate.com.au/property-house-tas-acton-415662996" target="_blank">71 Payne Street in Acton</a> (pictured below), for $230 per week.
<img src="/images/2015/05/01/acton%20may%201.jpg" alt="">
The three bedroom house with one bathroom is located north east of central Burnie. The landlords paid $183,000 for the house in 2011. If it rents at its current advertised rate, it will yield 6.5%.
In Hobart, at the median weekly rental rate of $455, a renter might secure <a href="https://www.realestate.com.au/property-house-tas-sandy+bay-414978087" target="_blank">18 Princes St in Sandy Bay</a> (pictured below). The three bedroom Federation house has floorboards throughout cost landlords $508,000 in 2009, and if they find a renter at its asking rate, it will yield 4.7%.
<img src="/images/2015/05/01/sandy%20bay%20may%201.jpg" alt="">
At Launceston, the median weekly rental rate is $320, the asking rent for this Youngtown house. Located at <a href="https://www.realestate.com.au/property-house-tas-youngtown-415649599" target="_blank">93 Poplar Parade</a> (pictured below), the three bedroom brick home has a flat backyard and a garage.
<img src="/images/2015/05/01/youngtown%20may%201.jpg" alt="">
The landlords paid $255,000 for the investment property in October 2013. It will yield 6.5% if it's rented at its advertised price.
Rents have been gradually increasing across Tasmania since 2006, according to the research.
The priciest rental on the apple isle that Property Observer could find was a <a href="https://www.realestate.com.au/property-house-tas-sandy+bay-409136031" target="_blank">Sandy Bay holiday rental</a> (pictured below), which is available from $1,820 per week in the low season, and $2,450 per week in the high season.
<img src="/images/2015/05/01/sandy%20bay%20may%201%20two.jpg" alt="">
Churchill House, situated in the Sandy Bay hills, has four bedrooms and two bathrooms over two levels, with water views.
Holiday rentals were much dearer than long-term offerings. 
Click charts to open in new window:
<a href="/images/2015/03/23/hobart-mar-23-one.jpg" target="_blank"><img src="/images/2015/03/23/hobart-mar-23-one.jpg" alt=""></a>
<a href="/images/2015/03/23/hobart-mar-23-two.jpg" target="_blank"><img src="/images/2015/03/23/hobart-mar-23-two.jpg" alt=""></a>
<a href="/images/2015/03/23/hobart-mar-23-three.jpg" target="_blank"><img src="/images/2015/03/23/hobart-mar-23-three.jpg" alt=""></a>
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Burnie rentals less than half Hobart: Knight Frank/Residex

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Buoyant property market conditions do not always mean that all sectors of the property market are performing well according to quarterly rental data released by CoreLogic RP Data research analyst and report author Cameron Kusher.   Kusher said: “With new housing supply increasing and investor purchasing at record highs we have seen a significant slowdown in the rate of rental growth over the past couple of years and we expect this trend to continue over the coming year."   CoreLogic RP Data's Quarterly Rental Review results are showing that over the first quarter of 2015, national house and unit rental rates increased by just 1.3% while advertised weekly house and unit rents have risen 1.2% at a combined capital city level over the three months to the end of March 2015.
Click to open in new window: 
<a href="/images/2015/04/10/hobart-april-13-one.jpg" target="_blank"><img src="/images/2015/04/10/hobart-april-13-one.jpg" alt=""></a>
<a href="/images/2015/04/10/hobart-april-13-two.jpg" target="_blank"><img src="/images/2015/04/10/hobart-april-13-two.jpg" alt=""></a>
Source: CoreLogic RP Data
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Launceston house and units rents going backwards: Corelogic RP Data

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The Hobart housing market will consolidate its performance of 2014 with moderate prices growth expected through 2015, according to the Domain Group senior economist, Andrew Wilson.
Hobart has recorded prices growth over the last two years following a subdued period of buyer activity. The impact of lower interest rates since 2012 has been offset by an underperforming local economy that remains the worst performer of all the capitals. Recent signs, however, are positive with the local housing market recording strong growth over the December quarter.
<img src="/images/2015/03/12/hobart-mar-12-one.jpg" alt="">
Source: Domain Group
Hobart recorded moderate price growth of just 2.1% over 2014 following the previous year’s 5% result.
This years lower interest rates will feed into buyer confidence and add to the prospects of rising buyer activity. Hobart’s median house price is set to increase by between 3 and 5% through 2015.
<img src="/images/2015/03/12/hobart-mar-12-two.jpg" alt="">
Source: Domain Group 
Best performers will be the budget and middle price market sections and regions with value perceptions from subdued prices growth over recent years driving increased changeover buyer activity.
The performance of the local economy will as usual be the key ingredient for rising housing market activity with recent encouraging signs of improvement this year. 
<img src="/images/2015/03/12/hobart-mar-12-three.jpg" alt="">
Source: Domain Group
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Budget Hobart houses will be the city's best 2015 performers: Domain Group

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Brightside House, a 1906 art nouveau Tasmania property, has been listed with $750,000 plus hopes.
It was built by orchardist Charles Wilis Fysh, the son of Sir Phillip Oakley Fysh, Premier of Tasmania between 1877 and 1878. The politician was postmaster general,<a href="https://adb.anu.edu.au/biography/fysh-sir-philip-oakley-6262" target="_blank"> both at state and federal levels</a>. 
Overlooking the Derwent Valley, the house with wrap around verandah sits on its one hectare lot at Glenfern, not far from New Norfolk.
Its period features include pressed tin ceilings in every room.
The grounds at 47 Plenty Valley Road come with a self-contained two bedroom barn. Planning approval has been granted for a registered bed and breakfast.
It has been listed by <a href="https://charlottepeterswald.com.au/property/47-plenty-valley-road-glenfern-00146839" target="_blank">Sam Monks</a> at Charlotte Peterswald and Tegan Rainbird at Petrusma Property. 
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Pressed tin ceilings in every room at Tasmania's 1906 Brightside homestead

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Almost a third of Hobart house sales came in under the $300,000 mark in the December quarter, according to the Real Estate Institute of Tasmania.
An even greater proportion of house sales were sub-$300,000 in Launceston: <a href="/news/tas/31-of-hobart-house-sales-below-300-000-is-the-apple-isle-ripe-for-investor-harvesting">58% against Hobart's 31%</a>.
Hobart was also the surprise standout for December, with CoreLogic RP Data recording 1.6% price growth for the month - the second highest result of any capital city.
But does Australia's cheapest capital city actually offer strong prospects for investors?
Property Observer looks at three Hobart rental properties which cost less than $300,000. All were purchased in the past two years.
<a href="https://www.realestate.com.au/property-house-tas-blackmans+bay-414817411" target="_blank">34 Tingira Road in Blackmans Bay</a> is an investment property currently available to rent at $335 per week. The owners paid $290,000 in March 2013, with the vendors paying $87,000 in 1992  – meaning the home's value increased more than threefold in their 20 years of ownership.
<img src="/images/2015/02/09/1.jpg" alt="">
34 Tingira Road
If the renovated two bedroom house is rented at $335, it will reflect a rental yield of 6%. The house has built in robes in both of the bedrooms, open plan living and kitchen area, a separate bungalow and water views from the front deck.
Further out – roughly 45 minutes from Hobart's centre – is <a href="https://www.realestate.com.au/property-house-tas-cygnet-414968919" target="_blank">5 Solly Court in Cygnet</a>. The western red cedar has three bedrooms over its two storeys, and cost its investor owners $220,000 in 2014.
<img src="/images/2015/02/09/2.jpg" alt="">
5 Solly Court It's available now for $270 per week – offering a rental yield of 6.4% if secured.
<a href="https://www.realestate.com.au/property-house-tas-kingston-118814267" target="_blank">14 Alfreds Garden in Kingston</a> cost buyers $260,000 in January. The two bedroom house, built in 2003, was rented out by the vendors in 2013, with an advertised rent of $310 per week. At that same rental rate and its current price, 14 Alfreds Garden would yield 6.2%.
<img src="/images/2015/02/09/3.jpg" alt="" style="font-size: 12.1599998474121px; line-height: 1.3em;">
14 Alfreds Garden
The previous investors paid $220,000 for the house in 2005.
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How cheap is Hobart? Three investor picks under $300,000

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The Real Estate Institute of Tasmania (REIT) has released its December Quarter Property Report revealing both an increase in house sales volume and the median house prices for the quarter.
REIT president Tony Collidge said the median house price for Tasmania saw a 4.5% increase for the quarter to $315,000, the highest median house price recorded since December 2010 when the state’s median house price peaked at $320,000.
The report also revealed a slight increase in house sales volume across the state up 3.1% on the previous quarter.
Hobart’s median remained steady for the quarter at $360,00. Launceston’s median house price rose 7.2% for the quarter, a 3.3% increase on December 2013.
Click to open in new window:
<a href="/images/2015/02/05/hobart-feb-5-one.png" target="_blank"><img src="/images/2015/02/05/hobart-feb-5-one.png" alt=""></a>
Source: REIT
Nine municipalities had a median price higher than the state median. These were Clarence ($370,000), Hobart ($475,000), Huon Valley ($349,000), Kentish ($333,500), Kingborough ($395,000), Latrobe ($344,500), Meander Valley ($320,000), Sorell ($325,000) and the Southern Midlands ($340,000).
“Breaking these figures down into regions, we can report that house sales in Hobart increased for both the quarter and the year, up 11.2% and 2.4% respectively," said Collidge.
“Launceston house sales were also up, recording a 5.1% increase for the quarter, while the North-West centres bucked the trend, reporting an 11.5 decrease for the quarter.”
Click to open in new window:
<a href="/images/2015/02/05/hobart-feb-5-two.png" target="_blank"><img src="/images/2015/02/05/hobart-feb-5-two.png" alt=""></a>
<a href="/images/2015/02/05/hobart-feb-5-three.png" target="_blank"><img src="/images/2015/02/05/hobart-feb-5-three.png" alt=""></a>
<a href="/images/2015/02/05/hobart-feb-5-four.png" target="_blank"><img src="/images/2015/02/05/hobart-feb-5-four.png" alt=""></a>
Source: REIT
Collidge said whilst increases in median house prices were observed across most of the state, the price distribution of sales differed significantly.
“Hobart saw 31% of all house sales occur below the $300,000 price point, while 59% occurred between the $300,001 and $600,000 bracket, and 10% of sales came in above that price, which included 10 sales up to and above $1 million dollars,” he said.
“While in Launceston, 58% of the quarter’s sales were recorded below $300,000, 40% between $300,001 and $600,000, while only 2 two% of all houses sold were above this price point.
“In contrast, the North West Centres saw 76% of all house sales occur below $300,000 and the remaining 24% fell into the bracket of $300,001 - $600,000."
“It’s interesting to note the appearance of a wide range of regional areas in Tasmania making it onto the list of locations with higher median house prices compared to the state average.
“The removal of the First Home Owners Grant on 1 July for purchasers buying established dwellings, resulted in a marked decrease in house purchases from first home buyers, with sales from this market segment dropping from 17%, to now sit at 13% of all house sales.
“Second home buyers picked up the 4% loss in first home buyers and continue to hold over half the market, accounting for 57% of house sales and a median house purchase price of $330,000.
“The report also revealed that 10 percent of sales occurred to overseas purchases while interstate buyers remained steady at 15% for the quarter.”
Click to open in new window:
<a href="/images/2015/02/05/hobart-feb-5-five.png" target="_blank"><img src="/images/2015/02/05/hobart-feb-5-five.png" alt=""></a>
Source: REIT
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31% of Hobart house sales below $300,000: Is the Apple Isle ripe for investor harvesting?

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Ninth Island, an island in Bass Strait off Tasmania, has been listed for sale, with the marketing aimed at Chinese buyers. Its price estimate is about $500,000.
<a href="https://www.realestateview.com.au/Real-Estate/ninth-island-bridport/Property-Details-buy-residential-8291940" target="_blank">Harrison Humphreys agent Rob Harrison</a> has the <a href="https://www.google.com.au/maps/place/Ninth+Island,+Tasmania/@-40.830145,147.270699,3a,75y,90t/data=!3m5!1e2!3m3!1s95479431!2e1!3e10!4m2!3m1!1s0xaa79b849b976557f:0xf03c94eb451b470" target="_blank">Ninth Island</a> offering. It is not the vineyard that looks towards the island, but has been listed by the same owners, Kreglinger Australia.
The vineyard and label are not for sale.
About 1.3 kilometres long, 550 metres wide, the 16 hectare island is part of the Waterhouse Island Group, lying 11.7 kilometres from the north-eastern coast of Tasmania. 
It is partly privately owned and has been badly affected in the past by grazing and frequent fires, but home to a large mutton bird rookery.
In July 1995 the MV Iron Baron oil spill killed between 2,000 and 6,000 little penguins. 
An earlier maritime incident was <a href="https://oceans1.customer.netspace.net.au/tas-main" target="_blank">Sheerwater</a>, captained by the grandfather of the Crown Princess of Denmark, and native Tasmanian, Mary Donaldson. 
It was 1962 when Captain Peter Donaldson was on voyage from Bass Strait Islands, Tasmania with a cargo of livestock and a crew of five, when she was lost off Ninth Island, Bass Strait. From Whitemark for Launceston via Badger Island with sheep, it was wrecked on a reef just off Ninth Island on 23 August 1962. The crew were saved, but sheep were not so fortunate.  
"This picturesque island is eponymous to Tasmania's leading quality pinot noir brand as the Ninth Island brand take their name from this island as it is viewed from the vineyards," the ad says.
The marketing says it is just a short helicopter flight from mainland Tasmania.
<img src="/images/2015/02/02/island-feb-2-two.png" alt="">
Source: Australian Financial Review
Feature photo courtesy of <a href="https://www.propertyobserver.com.au/https://ssl.panoramio.com/user/2656548?with_photo_id=95479431" target="_blank">Jeff Jennings</a>.
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Tasmania's Ninth Island being marketed to Chinese buyers

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Unit prices in Hobart took the biggest dive of those in any Australian capital city over the November quarter, according to CoreLogic RP Data.
The Tasmanian capital's unit values fell by 5.7%. They're the cheapest capital city units in the country, with a median price of $247,000. A buyer in Sydney can expect to pay more than double that for an apartment.
Property Observer looks to recent unit and apartment sales in Hobart to see just how far $247,000 will go.
<ol>
<li>
<a href="https://www.realestate.com.au/property-unit-tas-battery+point-113415219" target="_blank">10/64 St George's Terrace, Battery Point</a> <img src="/images/2014/12/08/1.jpg" alt="">
This north facing one bedroom unit is located on the third level of a block. It has built in wardrobes in the bedroom overlooking Mount Wellington. Internal windows separate various living areas. The 63 square metre apartment sold for $262,500 in October.
Price: $262,500
Bedrooms: One
Drive to CBD: Five minutes
</li>
<li>
<a href="https://www.realestate.com.au/property-unit-tas-battery+point-116957911" target="_blank">1/11 Trumpeter Street, Battery Point</a>
 <img src="/images/2014/12/08/battery-point-dec-8-breakout.jpg" alt="">
Set over two levels, this unit in a block of 11 has one bedroom and one bathroom. It was built in 1972 and has a recently renovated kitchen and a living area, with the bedroom and bathroom upstairs. Buyers paid $275,000.
Price: $275,000
Bedrooms: One
Drive to CBD:  Seven minutes
</li>
<li>
<a href="https://www.realestate.com.au/property-apartment-tas-hobart-118034815" target="_blank">6/9 Sackville Street, Hobart</a>
<img src="/images/2014/12/08/hobart-dec-8-breakotu.jpg" alt=""> Vendors sold this first floor apartment in the Hobart CBD for $240,000. The studio apartment with a pull out bed was built in 2000 and features a glass brick wall. The unit has 35 square metres of floor space, with an additional 7 square metre laundry.
Price: $240,000
Bedrooms: One
Drive to CBD: N/A
</li>
<li>
<a href="https://www.realestate.com.au/property-unit-tas-bellerive-117978611" target="_blank">2/7 Lower River Road, Bellerive</a>
<img src="/images/2014/12/08/bellereive-dec-8-one.jpg" alt="">
On the other side of the Derwent river is this two bedroom unit. One in a four unit complex, it sold for $260,000 in October. The two bedroom unit has a single carport with lock up storage, an open plan living and kitchen area, and a rear garden. There are 77 square metres of internal living space.
Price: $260,000
Bedrooms: Two
Drive to CBD:  12 minutes
</li>
<li>
<a href="https://www.realestate.com.au/property-unit-tas-hobart-116949351" target="_blank">1/67 Barrack Street, Hobart</a>
 <img src="/images/2014/12/08/hobart-dec-8-two.jpg" alt="">
A ground floor apartment in a block of four sold for $280,000. The two bedroom Hobart unit has an open plan, with timber flooring throughout. It was sold with white goods and also includes a basement garage. It's leased at $300 per week, representing a yield of 5.57%.
 Price: $280,000
Bedrooms: Two
Drive to CBD: N/A
</li>
</ol>
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What will Hobart's median unit price buy you? 

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Tasmania isn’t exactly known for its expensive rental apartments and looking at the top five priciest rental unit suburbs it’s pretty clear why.
With a list that doesn’t even span above $400 per week, here are Tasmania’s five most costly rental suburbs, based on RP Data’s weekly median advertised rent.
<ol>
<li>
<a href="/news">Hobart</a> - $450 
</li>
<li>
<a href="/news">Battery Point</a> - $375 
</li>
<li>
<a href="/news">Launceston</a> - $328 
</li>
<li>
<a href="/news">Sandy Bay</a> - $310 
</li>
<li>
<a href="/news">North Hobart</a> - $305
</li>
</ol>
There were just two other suburbs that clocked $300 per week for the median weekly advertised figure, and these were <a href="/news">Bellerive</a> and <a href="/news">Kingston</a>.
Of course, this isn’t to say that specific pricey rentals aren’t available. Looking on listings websites reveals that for $1,400 per week <a href="https://www.realestate.com.au/property-house-tas-binalong+bay-413208891" target="_blank">11 Reserve Street in Binalong Bay</a> can be your new home.
The three bedroom, two bathroom home is a holiday rental, walking distance from the beach and tennis courts.
Holiday accommodation and fully furnished properties are clearly those asking for the big dollars.
Looking for $800 a week is this family home seeking a new tenant. At <a href="https://www.realestate.com.au/property-house-tas-granton-413422227" target="_blank">10 Christopher Close in Granton</a> it’s a four bedroom, two bathroom beauty with expansive gardens that a gardener attends to weekly.
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jduke-EHk3XBmHkn

The five most expensive suburbs to rent a unit in Tasmania

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Rental changes have been introduced in Tasmania, commencing today, with more potentially to come down the track.
The changes are set to introduce the country's first minimum standards for rentals, and other state and territory tenants’ unions are pushing for similar standards to be implemented elsewhere.
In Tasmania, rent can now only be increased every 12 months, where previously it could be done so every six months.
Rental properties are now required to be advertised and offered at a fixed price, with “Rent bidding and price bands for rent are no longer allowed.”
The new introduced changes to Residential Tenancy Law include some differences in notice periods, changes to the Residential Tenancy Commissioner’s role, minimum standards for premises, clarification about definitions and several provisions that are social housing specific. 
This now applies to all agreements with tenants signed from today and onwards. Those who signed prior to today will not see the changes apply until the next lease agreement is signed.
However, two changes apply to everyone – a provision allowing the changing of locks and devices where the tenant is the subject of a family violence order, and a provision stating that tenancy ceases on the death of the tenant.
Notes indicate that several minor changes relating to minimum standards and photographs will be put to Parliament before 2015.
The Residential Tenancy Commissioner now handles cases in which the tenant believes a rent increase has been excessive.
The changes also include clarification that owners should repair or replace tap washers, light globes and light tubes that are reasonably inaccessible, while tenants should replace light globes that are accessible.
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Tasmania joins Western Australia in introducing stamp duty discounts to off the plan property buyers

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