Melbourne developer Spacious Group has completed Voyage Altona, one of the closest new apartment developments to Altona Beach.

Off the plan purchasers have started moving into the 49-apartment project on Pier Street, with the remaining move-in-ready one-, two- and three-bedroom apartments starting from just over $500,000.

Display apartments have now been fitted out, allowing prospective buyers to inspect the completed residences by appointment.

[smartcode_project:default project_id=112195 project_image_fid=372638]

The completed apartments feature open-plan living and dining areas which extend onto private balconies and terraces, while full-height glazing maximises natural light throughout the interiors.&nbsp;

Hybrid timber-look flooring, stone benchtops, Miele appliances, porcelain-tiled bathrooms and generous storage feature throughout the building which also features landscaped communal areas, expansive shared terraces, lift access and secure on-grade parking.

Drawing inspiration from its bayside setting, Voyage adopts a restrained palette of warm neutral tones and textured finishes. Many of the apartments take advantage of views across Port Phillip Bay, while the indoor-outdoor living spaces have been designed to make the most of the coastal outlook.

[smartcode_project:default project_id=112195 project_image_fid=3286]

Voyage was developed to address what Spacious Group identified as an undersupply of higher-quality apartment product in Altona, with a focus on owner-occupiers looking to remain within the bayside community.

"Voyage responds to very strong local buyer demand for quality, owner-occupier-focused product," says Barry Plant Projects Director Jarrod Farey, who has handled sales since the project's launch.

"The project delivers an elevated lifestyle proposition, with its design and quality of finish far exceeding anything previously produced in the area, as well as its proximity to Pier Street Village and the beach."

The majority of purchasers have been local downsizers and owner-occupiers looking to stay within the Altona community but who previously had limited opportunities to buy a brand-new apartment.

[smartcode_project_cta:default project_id=112195]

Joel Robinson

Spacious Group completes Voyage Altona in Altona's beachside precinct

Homecorp has secured approval for a $360 million apartment development at Budds Beach, paving the way for one of the Gold Coast's most amenity-rich residential projects to launch later this year.

Gold Coast City Council has approved Lýon Residences, a 32-level tower that will deliver 178 two and three-bedroom apartments across a prominent corner site at 8-10 Acacia Avenue and 25-27 Oak Avenue.

The approval comes as developers continue to invest in premium lifestyle-driven apartment projects on the Gold Coast, where owner occupiers are increasingly prioritising amenity as much as apartment size and location.

<a href="https://www.apartments.com.au/new-apartments/l-on-residences-25-27-oak-avenue-surfers-paradise-qld-4217">Lýon Residences</a> has been designed around a resort-style wellness offering, headlined by a Moroccan-inspired spa precinct featuring treatment rooms, a Nordic sauna and steam room, hot and cold plunge pools, a soaking pool and a residents-only juice bar.

The rooftop will include a heated infinity pool and spa, residents' lounge with private kitchen and bar, gymnasium, yoga and Pilates studio, outdoor entertaining areas and barbecue facilities overlooking the Surfers Paradise skyline.

<img alt="Lyon" data-entity-type="file" data-entity-uuid="2d3e29af-8793-486e-a684-52cef862241f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-15%20at%204.32.26%E2%80%AFPM.png?VersionId=ayG2zpLf3SS6Zy8XmKDcQods4kVWb0gm" />

Homecorp Founder and CEO Ron Bakir said Budds Beach provided the ideal location for the company's latest luxury apartment project.

"Budds Beach represents one of the most unique and sought-after pockets of the Gold Coast, and Lýon Residences has been designed to reflect that sense of rarity and refinement," Bakir said.

The project arrives as wellness continues to become a defining feature of new residential developments both in Australia and internationally.

The latest Global Wellness Institute figures show wellness real estate remains the fastest-growing segment of the global wellness economy and is forecast to exceed $1.8 trillion by 2030. Australia continues to rank among the world's 15 largest wellness real estate markets, with developers increasingly integrating health, recreation and community facilities into apartment projects.

Queensland is also experiencing strong population growth, with the Gold Coast continuing to outperform many other Australian cities as demand for new housing remains elevated ahead of the 2032 Olympic and Paralympic Games.

Bakir said the project had been designed to respond to that shift in buyer expectations.

"Strong population growth and sustained demand across the Gold Coast continue to highlight the need for well-designed new housing supply. Lýon Residences responds directly to this demand while setting a new benchmark for residential living," he said.

Each apartment has been designed to maximise views across the coastline, the Nerang River and the Gold Coast hinterland.

Located just minutes from Surfers Paradise beach and the Broadwater, the development also offers easy access to the light rail network, Broadbeach and Burleigh Heads.

Early site works are underway, with construction expected to commence later this year.

Homecorp approved for Budds Beach apartment tower, Lýon Residences

New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.

Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.

Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.

[smartcode_project:default project_id=28384 project_image_fid=3823]

Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.

The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.

"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.

"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."

[smartcode_project:default project_id=28384 project_image_fid=3826]

The rarity of the development hasn't been lost on prospective buyers, McSweeney says.

For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.

"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."

The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/N_FowNW0wu8?si=vb25XFq1wZ-iufAW" title="YouTube video player" width="560"></iframe>

A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.

The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.

At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.

[smartcode_project:default project_id=28384 project_image_fid=372542]

The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.

Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.

Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.

"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."

Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.

[smartcode_project_cta:default project_id=28384]

North-facing Swan River views drive demand at Rivière Residences in Applecross

Nearly 60 per cent of apartments at McNab Group's $220 million The Tannery development in Brisbane's West End have sold ahead of the project's public launch, including a suburb-record $2.57 million sale for a two-bedroom apartment.

The early sales campaign has secured buyers for 50 of the project's 87 apartments, highlighting continued demand for larger owner-occupier apartments that combine generous floorplans with premium lifestyle amenities in one of Brisbane's most tightly held inner-city suburbs.

[smartcode_project:default project_id=143337 project_image_fid=374768]

McNab Group Executive Chairman Michael McNab said selling more than half the project before launch reflected changing buyer expectations.

"Selling more than half the project before public sales open tells us buyers are actively seeking apartments that offer something genuinely different," McNab said.

"Today's buyers are looking beyond four walls. They want homes that genuinely enhance the way they live, with spaces that support health, connection and everyday wellbeing."

[smartcode_project:default project_id=143337 project_image_fid=374767]

A key point of difference for the project is the adaptive reuse of the heritage-listed Dixon's Tannery building, which will become The Retreat, a residents-only wellness precinct rather than being redeveloped into additional apartments.

The Retreat will feature a sauna and steam room, hot and cold plunge pools, a commercial-grade gym, Pilates studio, cinema, library, co-working spaces and private dining room. Rooftop amenities will include a swimming pool, landscaped gardens, outdoor entertaining areas and dog-friendly spaces.

[smartcode_project:default project_id=143337 project_image_fid=374760]

Designed by Cottee Parker Architects with interiors by Tom Mark Henry and landscape architecture by Aspect Studios, The Tannery comprises 87 two, three and four-bedroom apartments across 11 levels overlooking the Brisbane River.

Cottee Parker principal Dee Passenger said preserving the original tannery building had been central to the project's design.

"The easy option would have been to maximise the site's development potential with additional apartments. Instead, McNab has chosen to preserve the original tannery as a shared wellness retreat, ensuring this important piece of Brisbane's history remains at the heart of the community."

Passenger said sustainability also played a key role in the design, with materials from the original industrial site salvaged and repurposed throughout the development.

[smartcode_project:default project_id=143337 project_image_fid=374761]

Motiv CEO Carly Cottam said buyers had responded strongly to the combination of larger apartments, wellness facilities and the West End lifestyle.

"We are seeing more buyers looking for homes in the sky that provide the space and functionality of a traditional home, while benefiting from the convenience and lifestyle that apartment living brings," Cottam said.

She said purchasers included both owner occupiers and investors, with demand coming from local buyers as well as interstate purchasers.

Coinciding with the public launch, McNab also announced a partnership with Queensland Ballet, whose neighbouring Thomas Dixon Centre shares historical ties with the original Dixon family.

Located on a 4,465 sqm site at 439 Montague Road, The Tannery overlooks the Brisbane River and is around 10 minutes from the CBD.

Construction is underway, with completion expected in the second half of 2027.

[smartcode_project_cta:default project_id=143337]

More than half of residences sold before public sales as McNab announces significant partnership with Queensland Ballet

McNab's The Tannery nears 60 per cent sold before public release, sets two-bedroom West End record

Iwan Sunito's vision for a landmark mixed-use precinct in Sydney's Inner West has taken a major step forward, with approval granted for the $1.9 billion Five Dock development first unveiled earlier this year.

The approved scheme by <a href="https://www.apartments.com.au/developers/one-global-capital">One Global Capital</a> will deliver an 80,500 sqm mixed-use precinct comprising 840 apartments, integrated hotel accommodation, commercial and retail space, alongside publicly accessible open space designed to create a new destination for the growing suburb.

"This is a significant milestone for One Global Capital and for the future of housing delivery in Sydney," Sunito said.

"The Housing Delivery Authority was established to identify major housing projects capable of delivering meaningful supply more efficiently, and we are delighted that Spencer Street has been recognised as one of those projects.”

He said the declaration reflected the rapid progress achieved since acquiring control of the site.

"In less than seven months we have progressed from taking control of the site to securing entry into one of the NSW Government's most important planning pathways. It reflects the experience of our team, the strength of our consultant group led by Urbis, and our long-term commitment to delivering transformational projects that contribute to Sydney's future."

When the project was revealed earlier this year, Sunito described the opportunity as one of the strongest development sites he had worked on.

"I probably hadn't appreciated the uniqueness of the site until more recently when putting together the concept plans," Sunito said.

"The proximity to the water, and the golf course opposite, is unlike any other part of Parramatta Road. We have a unique position and view corridors over the water that makes this one of the best sites I've worked on."

The development has evolved since its initial announcement, with the approved plans increasing the residential component from the originally proposed 750 apartments to 840 homes while retaining the project's focus on creating an integrated neighbourhood rather than a standalone residential development.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/a-city-within-a-city-iwan-sunito-flags-1-5-billion-mixed-use-precinct-in-five-dock">"A city within a city": Iwan Sunito flags $1.5 billion mixed-use precinct in Five Dock</a>

The precinct will combine apartments with hotel accommodation, commercial workplaces, retail offerings and public spaces, creating a mixed-use environment intended to serve both residents and the broader Five Dock community. The proposal also continues the collaboration between One Global Capital and internationally recognised architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a>, whose previous work with Sunito includes Infinity, Arc and Skye North Sydney.

Takada previously said the design was driven by a philosophy of integrating nature into the built environment.

"The concept for this development is born from our design approach to naturalising architecture," Takada said.

"The public realm benefits from biophilic design that integrates generous landscaping, and the development is optimised for natural daylight, airflow and water views to foster wellbeing, sustainability and spaces that foster community interaction."

Sunito has consistently described the project as a "city within a city", with a strong emphasis on creating a destination that extends beyond housing.

"We want to create a development that's not only to be seen, but to be experienced by the whole local community," he said.

The approval comes as Five Dock continues its transformation ahead of the opening of the Sydney Metro West line, with the new Five Dock station set to significantly improve connections between the Inner West, Parramatta and the Sydney CBD.&nbsp;

The precinct will also benefit from its proximity to the Parramatta Road corridor, nearby waterfront parklands and established retail and dining offerings that have made Five Dock one of Sydney's most tightly held Inner West suburbs.

Iwan Sunito secures approval for $1.9 billion Five Dock mixed-use precinct

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

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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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We’re regularly told that one of the most important things about investing in property is to hold that investment for a long period of time. But how long do people tend to hold their properties for?
Here are the 10 most tightly held markets in Tasmania, for houses, based on the years held and the median prices. 
<ol>
<li>
<a href="/news">Stieglitz</a> 14 years $233,000 
</li>
<li>
<a href="/news">Forth</a> 14 years $350,000 
</li>
<li>
<a href="/news">Rose Bay</a> 14 years $428,000 
</li>
<li>
<a href="/news">Summerhill</a> 13 years $243,000 
</li>
<li>
<a href="/news">Swan Bay</a> 13 years $370,000 
</li>
<li>
<a href="/news">Waverley</a> 13 years $159,000 
</li>
<li>
<a href="/news">Kingston Beach</a> 13 years $455,000 
</li>
<li>
<a href="/news">Miandetta</a> 13 years $240,000 
</li>
<li>
<a href="/news">Mount Nelson</a> 13 years $518,000 
</li>
<li>
<a href="/news">Cambridge</a> 13 years $513,000</li>
</ol>
Source: RP Data
Another 61 suburbs ranked as having a hold period of 10 years or more.
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The 10 most tightly held Tasmanian suburbs: RP Data

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There are two standout opportunities in capital city Australia to buy well with good prospects for near-term growth – but most investors won’t do it because of entrenched attitudes.
The opportunities are Hobart and Adelaide, our two most affordable capital cities.
Investors tend to shun Tasmania and South Australia. They are regarded as states which lack growth drivers, such as strong population trends, expanding economies and infrastructure spending.
I think South Australia is totally underrated and that perceptions of it as a place without growth catalysts are simply wrong. There are some big-ticket events coming up in its resources sector and Adelaide has a high level of infrastructure development under way or in planning.
But I’ve written extensively about Adelaide and South Australia recently, so today I’ll focus on Tasmania and Hobart.
Tasmania has a thoroughly deserved reputation as the struggle state of Australia. As a population and as an economy, it has gone nowhere in recent years.
But things are changing and it’s time to re-consider Tasmania – and, in particular, Hobart.
After years of recording Tasmania as last or second last on every significant economic indicator in my various reports, I can now do something that I never expected to do: report that Tasmania now ranks number one in the nation on one very important economic indicator - housing finance for owner-occupiers.
Home finance rose 15.5% in the year ending July, compared to the national average rise of 9.1%. Tasmania clearly is rising from a low base, but for the state to rank number one for growth in a key indicator is a significant change.
Tasmania has also improved markedly with residential building approvals. Approvals for new homes are up 18.5% in annual terms, slightly better than the national average.
This is evidence of improving confidence in Tasmania. There is a new government running the state, some long-delayed projects are now happening in Hobart and there appear to be some prospects for economic growth (personally, I would prefer that they achieved it without chopping down old-growth forests, but that’s another story).
The greatest reason for optimism that Tasmanian property markets are headed for some overdue growth is that sales activity has been rising – not rapidly, but steadily – over the past six months or so.
There are growth markets scattered around the state, but most of them are in the Hobart metropolitan area.
In keeping with the usual pattern in real estate cycles, the upturn appears to be happening first in the inner-city areas – suburbs such as <a href="/news">Sandy Bay</a>, <a href="/news">New Town</a> and <a href="/news">West Hobart</a> – and some of the better waterfront areas.
Kingborough, a bayside municipality on the southern fringe of Hobart, has long been one of the best markets in the Hobart area over time – and it is producing some of the current growth areas, including <a href="/news">Kingston</a>, <a href="/news">Kingston Beach</a>, <a href="/news">Blackmans Bay</a> and <a href="/news">Margate</a>.
The Hobart apartment market has good momentum. The unit market has been rising steadily since late 2012, with sales in consecutive quarters numbering 94, 110, 135, 137, 144 and 150.
If investors can overcome their perceptions of Tasmania as the recession state, there are some juicy opportunities to buy in Hobart at very affordable prices (median prices $330,000 for houses and $248,000 for apartments), with genuine prospects for growth in the near future.
 You can contact Terry via <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email</a> or on <a href="https://www.twitter.com/hotspotting" target="_blank">Twitter</a>. 
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Something that I never expected to say: Hobart has some very juicy opportunities

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A small construction company is aiming to tackle Tasmania’s high rates of obesity and cardiovascular disease by starting to change people’s attitudes to exercise and healthy eating in the workplace.
Ronald Young &amp; Co Builders in Hobart have been constructing homes in southern Tasmania for more than 40 years. Husband and wife duo Lisa and Paul Burnell purchased the business in 2011 and immediately recognised the importance of implementing a successful health and wellbeing program.
Lisa Burnell said research shows <a href="https://www.smartcompany.com.au/people/42402-one-in-five-workers-has-stayed-home-in-past-year-because-they-felt-mentally-unwell-study">healthy workers are nearly three times more productive than unhealthy workers</a>. In addition, they have fewer sick days and workers compensation claims.
“The benefits to our business have been that it’s been enhanced teamwork and workplace morale,” she said. “It demonstrates that we value a positive work environment.”
As part of the program, the company’s 10 permanent employees receive free health checks on site – such as blood pressure monitoring – and are encouraged to eat healthy and exercise.
“I’m a registered nurse so I have found it easy to incorporate this into our business,” Burnell said when describing the program. “I also develop an annual calendar of events and other initiatives – men’s health, prostate awareness, cardiovascular disease. There’s a lot of information out there.”
The business’s actions have not only improved their brand image but also their involvement in the local community.
“Tasmania has one of the highest rates of obesity,” she said. “Construction workers are blue collar workers and alcohol and smoking is high. So for me with my background it’s good to be able to try to initiate some health improvements.”
Burnell points out while a lot of SMEs don’t have the time or resources to implement a health and wellbeing program as extensive as theirs, if you are a business owner it is still worth putting health and safety high up on your list of priorities.
“The return on investment is high,” she said. “It’s not only our legislative obligations – and I think a lot of businesses are aware it’s good business.”
Burnell said if other small enterprises wanted to follow suit, then her top tips would be to include health and wellbeing in the business’s core values and to get staff involved.
“Do a needs assessment,” she said. “See what your health needs are in your workplace. Start off small and network with other businesses.”
This article first appeared on SmartCompany. 
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Meet the Tasmanian construction company giving its workers free health checks

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It has been a strong sales quarter for Tasmania, Australia’s cheapest state for property.
We looked at the <a href="/news/tas/tasmania-records-strongest-sales-month-in-half-a-decade-reit">most recent data from the Real Estate Institute of Tasmania</a>, in their Quarterly Property Report June 2014, to compile the cheapest suburbs – those equal to or sub-$180,000 – across the country from A to Z.
We note that some of the data is statistically questionable due to the infrequency of sales in these areas.
Here are the 24 suburbs that made our list, and their recorded quarterly and yearly median price changes.
FROM A TO Z
<ul>
<li>Acton</li>
</ul>
$151,250
Median price change over quarter: 4.3%
Median price change over year: -4%
<ul>
<li>Avoca</li>
</ul>
$178,000
Median price change over quarter: NA
Median price change over year: 40.7%
<ul>
<li>Beaconsfield</li>
</ul>
$164,000
Median price change over quarter:  -33.1%
Median price change over year: -13.1%
<ul>
<li>Beauty Point</li>
</ul>
$165,000
Median price change over quarter: -10.8%
Median price change over year: -17.1%
<ul>
<li>Bridgewater</li>
</ul>
$159,000
Median price change over quarter: -16.3%
Median price change over year: 54.4%
<ul>
<li>Campbell Town</li>
</ul>
$140,000
Median price change over quarter: -22.2%
Median price change over year: -14.9%
<ul>
<li>Clarendon Vale</li>
</ul>
$126,000
Median price change over quarter: -22.3%
Median price change over year: 10.8%
<ul>
<li>Cressy</li>
</ul>
$180,000
Median price change over quarter: -13.3%
Median price change over year: -68.3%
<ul>
<li>Derby</li>
</ul>
$110,000
Median price change over quarter: 10.8%
Median price change over year: NA
<ul>
<li>Emu Heights</li>
</ul>
$130,000
Median price change over quarter: NA
Median price change over year: NA
<ul>
<li>Exeter</li>
</ul>
$170,000
Median price change over quarter: -40.9%
Median price change over year: -43.3%
<ul>
<li>Forest</li>
</ul>
$160,000
Median price change over quarter: 18.5%
Median price change over year: -27.3%
<ul>
<li>Gagebrook</li>
</ul>
$125,000
Median price change over quarter: 8.7%
Median price change over year: 16.3%
<ul>
<li>Georgetown</li>
</ul>
$172,000
Median price change over quarter: 72%
Median price change over year: -18.1%
<ul>
<li>Havenview</li>
</ul>
$169,000
Median price change over quarter: NA
Median price change over year: 8.6%
<ul>
<li>King Island</li>
</ul>
$180,000
Median price change over quarter: 9.1%
Median price change over year: NA
<ul>
<li>Mayfield</li>
</ul>
$120,500
Median price change over quarter: -7.3%
Median price change over year: -3.6%
<ul>
<li>Queenstown</li>
</ul>
$48,500
Median price change over quarter: -17.8%
Median price change over year: -34.6%
<ul>
<li>Ravenswood</li>
</ul>
$120,000
Median price change over quarter: 14.3%
Median price change over year: -14.3%
<ul>
<li>Rocherlea</li>
</ul>
$138,000
Median price change over quarter: -6.8%
Median price change over year: 16.9%
<ul>
<li>Rokeby</li>
</ul>
$174,000
Median price change over quarter: -30.4%
Median price change over year: -5.9%
<ul>
<li>Roseberry</li>
</ul>
$33,000
Median price change over quarter: -72.5%
Median price change over year: 127.6%
<ul>
<li>St Marys</li>
</ul>
$135,000
Median price change over quarter: 4.7%
Median price change over year: -2.2%
<ul>
<li>Zeehan</li>
</ul>
$84,000
Median price change over quarter: -11.6%
Median price change over year: 74.7%
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A-Z: The Tasmanian suburbs with median house prices under $180,000

<html><body>
The June Quarter Property Report from the Real Estate Institute of Tasmania has recorded the highest number of house sales for a quarter in four years – that is, since the 2010 June quarter. It was also the strongest month since June 2009.
A 5.7% increase across the state was recorded, up 10.1% for the year, explained REIT president Adrian Kelly.
“Breaking these figures into regions, we see Hobart experienced a 23% increase, Launceston a 14.4% increase, while the North West Centres eased back for the quarter – down 4.8% on the previous quarter, but up 4.4% on the same time last year," said Kelly.
“Interestingly, Outer Hobart house sales increased by 53.8% for the quarter and 52.4% on the same time last year."
There was a decreased median days on market - dropping by eight days to 62 across Tasmania, and the median house price was recorded as being up 2% to $311,000 for the quarter.
Across the state, the most expensive suburbs included:
<ul>
<li><a href="/news">Battery Point</a></li>
<li><a href="/news">Acton Park</a></li>
<li><a href="/news">Sandy Bay</a></li>
</ul>
The three most affordable:
<ul>
<li><a href="/news">Ravenswood</a></li>
<li><a href="/news">Mayfield</a></li>
<li><a href="/news">Gagebrook</a></li>
</ul>
“Six municipalities also recorded a median house price higher than that of the state median ($311,000), these included Clarence ($358,000), Hobart ($490,000), Kingborough ($408,000), Latrobe ($334,000) and the Meander Valley ($315,000)," explained Kelly.
First home buyers recorded 17% of all house sales across the quarter, however Kelly expects a drop for the next quarter.
“Second home buyers continue to hold over half the market, accounting for 52% of house sales and a median house price of $338,120," he said.
“The report also revealed interstate and overseas buyers were down slightly to sit at 15% for the quarter.”
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Tasmania records strongest sales month in half a decade: REIT

<html><body>
Currently, established and new properties in Tasmania can receive a benefit for first time buyers, with up to $30,000 available. However, as in many other states and territories, this is changing at the end of June.
From 1 July 2014 established home buyers will lose the current $7,000 benefit.
For new properties, the First Home Builder Boost, which last November increased from $8,000 to $23,000, those eligible for this would also be benefit from the $7,000 FHOG, bringing their total payment to $30,000.
The grant for new properties is available until 31 December 2014.
To be eligible, you must not have owned and occupied (for more than six months) a home in Australia after 1 July 2000, and you cannot have owned a property before this time.
When you get the FHOG, you need to live in the property for six continuous months within 12 months of the date which the certificate of occupancy is issued.
You can check out the <a href="/expert-insights/buying/the-national-guide-to-first-home-buyer-grants">national guide to first home buyer grants</a> to see a more detailed rundown of what's available across Australia for first home buyers.
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Tasmanian first home owners to lose grant for established homes at the end of June

<html><body>
The median price of houses purchased in Hobart over the three months to April was $360,000, according to RP Data.
It was the lowest median house price of any capital city for the quarter. RP Data recorded 2.2% capital growth for the quarter for the city.
Property Observer looks to recent house sales in Hobart to see just what the median price will get you. It's especially timely for anyone thinking of taking a job in the newly announced Qantas call centre, with Hobart announced today as the new national base for the airline's customer contact business after the southern state offered millions of dollars in incentives at the airline.
<ol>
<li>
<a href="https://www.realestate.com.au/property-house-tas-north+hobart-116281055" target="_blank">29 YARDLEY STREET, NORTH HOBART <img src="/images/2014/05/28/1.jpg" alt=""> </a>This North Hobart cottage was sold for $357,500 in April. Outside, the 1890s home has a veranda and small garden, with an original outhouse. Inside, there are three bedrooms, with timber floorboards throughout. The house on a 196 square metre plot was purchased by the vendors in 2011 for $355,000 but was traded for only $24,000 in 1998.  Price: $357,500 Bedrooms: Three Travel to CBD: Four minute drive 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-tas-howrah-116254143" target="_blank">82 NORMA STREET, HOWRAH <img src="/images/2014/05/28/3.jpg" alt=""> </a>
This 1970s era home is in Howrah, a beachside suburb with views across the Derwent River to Hobart city. It has three bedrooms, a galley kitchen overlooking the dining area and a separate living room. From the elevated porch, the homeowners can look over their neighbours’ homes to the river.
Price: $365,000
Bedrooms: Three
Travel to CBD: 15 minute drive 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-tas-sandy+bay-116629799" target="_blank">8 REGENT STREET, SANDY BAY</a> <img src="/images/2014/05/28/2.jpg" alt=""> An 1885 era detached home in Sandy Bay was sold for $380,000 earlier this month. The house also includes two bathrooms and a kitchen overlooking the open plan living and dining area. The property also comes with a substantially sized paved outdoor area. The median house sale price for Sandy Bay was $650,000 in April. Price: $380,000 Bedrooms: Three Travel to CBD: Six minute drive 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-tas-bellerive-115836795" target="_blank">23 MALUKA STREET, BELLERIVE</a> <img src="/images/2014/05/28/4.jpg" alt=""> This home on the end of a cul-de-sac is in Bellerive, located on the Eastern side of the Derwent River. The three bedroom house sold for $350,000. It has a living area with polished Tasmanian Oak floorboards a modern kitchen. The vendors purchased this house for $305,000 in 2006. Price: $350,000 Bedrooms: Three Travel to CBD: 13 minute drive 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-tas-howrah-116285171" target="_blank">148 TRANMERE ROAD, HOWRAH <img src="/images/2014/05/28/5.jpg" alt=""></a> Another Howrah home sold in April for $360,000. This three bedroom brick house was built in 1958. The buyers will enjoy mountain and river views, with the home set on a street bordering the River Derwent. It was sold after 33 days on the market. Price: $360,000 Bedrooms: Three Travel to CBD: 18 minute drive
</li>
</ol>
YOU MAY ALSO LIKE TO READ: 
<a href="/expert-insights/investing/what-melbournes-median-house-price-really-gets-you">What Melbourne's median house price really gets you</a>
<a href="/expert-insights/investing/what-can-you-get-for-adelaide-s-median-house-price">What can you get for Adelaide's median house price?</a>
<a href="/news/wa/what-can-you-get-for-perths-547-000-median-house-price">What can you get for Perth's $547,000 median house price?</a>
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jrichardson-uRX5hFdKfN

What can you buy for Hobart's median house price?

<html><body>
Tasmania’s first home buyers are still keeping out of the market, now sitting at just 17% of the market, warns the Real Estate Institute of Tasmania’s president Adrian Kelly.
Kelly said that if the first home owners’ grant is removed in 1 July, then this situation is likely to keep getting worse.
“If the Grant is to be axed, we look forward to seeing what alternative measures are to be introduced by the new Liberal government,” he said.
“Second home buyers still continue to hold over half the property market now accounting for 52% of purchases with a median house price of $325,000.
“Both interstate and overseas buyers were also up slightly to sit at 16 per cent of house sales for the quarter.”
In the March quarter, a house sales decrease of 4.6% was recorded, however an annual 14.9% improvement compared to 2013 has been noted.
Launceston house sales dropped 18.5% over the March quarter, returning to a similar level prior to the uptick in interest. It remains 25.1% above the March quarter 2013.
Hobart house sales also dropped for the quarter, but recorded a 10% uptick over the year, with specific interest in the central suburbs – 18.8% up for the year.
“The median house price for Tasmania remained steady for the quarter to sit at $305,000 totalling an increase for the year thus far of 4.5%,” he said.
Brighton, Clarence, Hobart and Kingborough municipalities saw increases in median house prices and sales for the quarter – along with a number of others with lower than median house prices.
Photo courtesy of Ian Armstrong/Flickr/<a href="https://creativecommons.org/licenses/by-sa/2.0/" target="_blank">Creative Commons</a>.
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“First home buyers continue to dwindle” in Tasmania: REIT

<html><body>
Hobart may have some of the cheapest properties across the capitals in Australia, with a recorded median of $338,000 according to RP Data, and it appears that this might just be attracting buyers from the more expensive capitals.
Speaking to The Mercury about the sale of high end properties, Real Estate Institute of Tasmania president Adrian Kelly mentioned that many people have been “priced out of the market” in Melbourne and Sydney due to the recent booms in prices.
“It wouldn’t surprise me if Tasmania benefited from this with investors looking further afield,” Kelly told The Mercury.
“One in seven Tasmanian properties are sold to interstate buyers because of our affordability and strong rental returns.’’
At the end of the September quarter of 2013, Property Observer reported that <a href="/news/tas/hobart-house-sales-down-over-quarter-but-picture-mixed">house sales to interstate buyers remained strong</a>.
“Second home buyers still hold over half the property market, with the report revealing they account for 55% of house sales at a median house price of $317,750, while interstate buyers held 14% of the market share for the September quarter," Kelly explained at the time.
If you're looking to buy interstate, you can <a href="/expert-insights/investing/how-to-buy-property-interstate">read this guide here</a>.
Photo courtesy of Ian Armstrong/Flickr.
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One in seven Tasmanian properties sold to interstate buyers: REIT

<html><body>
The Prince of Wales stables at Fingal in Tasmania remain listed for sale with a $145,000 asking price.
<a href="https://www.realestate.com.au/property-house-tas-fingal-112656971" target="_blank">The Tasmanian heritage listed building adjoined the Prince of Wales Hotel</a> which burnt down in the 1920s.
Set on the island's north east, the colonial sandstone stables date back to the 1840s.
William Augustus Solomon was the licensee in the 1870s.
"The Prince of Wales stables are a fantastic link with our Tasmanian heritage," the Roberts Longford agents David Headlam and Jeff Carins note.
The 170 square metre at 57 Talbot Street, Fingal is an untouched example of colonial craftsmanship with the unrestored property coming with cobbled floors, horse stalls, feedbins and with a feed loft upstairs. There's also small stable hands accommodation.
"Truly a project in the view of Grand Designs," the marketing says. The 3,845 square metre property comes with a separate two room timber cabin, ruins and a winter creek.
The property has been listed since late 2010 with no change in its asking price.
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Latest Tasmania Property News

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

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

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