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 Hayes Prison Farm, Kilderry, has been listed for sale at $3.35 million.
The property was converted into the Hayes Prison Farm by the Tasmanian government as a minimum security facility during the 1960s.
It has been <a href="https://www.realestate.com.au/property-mixed+farming-tas-hayes-7529911" target="_blank">listed by Peter Wade at Robert Real Estate</a>.
The former Hayes Prison Farm comprises 595 hectares, of which 218 hectare will be protected under a conservation covenant.
The balance land, some 379 hectares, is considered prime agricultural farming land. 
The property has numerous buildings located on it, including barns, dairy and various others, plus the gaol 70 cell block and administrative buildings associated with the prison.
The state government-owned Derwent Valley farm, decommissioned in late 2012 after the last 40 prisoners were moved to Risdon Prison, was briefly speculated as being potentially a detention centre for asylum seekers.
The farm near New Norfolk allowed prisoners to be rehabilitated through learning agricultural skills.
Low-security inmates milked the cows in the 20-stand dairy and grew vegetables and tomatoes in a large glass hothouse.
They produced and packed frozen vegetables in a purpose-built kitchen and coldroom for Hobart nursing homes and hospitals.
The land held a 800-megalitre River Derwent water licence suitable for stone fruit, cherries, vineyards, and market garden.
"Over the years the farm has been recognised for its excellent dairy herd, extensive market gardens, grazing sheep and wool production, cattle and processing of vegetables," the marketing says.
The Hayes Prison Farm offers exciting and somewhat different opportunities," Peter Wade said. 
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jchancellor-FAypfDUnLy

No convict relic, but former Tasmanian prison farm listed for sale

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Things are looking up for Tasmania. There are signs of revival in its property markets – nothing sensational just yet, but the first glimmers of an upturn are beginning to appear.
If this article had been written three months ago, the prognosis would have been different. But in the latter part of 2013 a number of locations recorded a pick-up in sales activity.
In my recent research for the Price Predictor Index, I found there are only two locations in the entire state rated as “Rising Fast” markets. But gradually the number of “Rising Steadily” locations is increasing and there is an even greater number of “Consistency” markets – places which have the potential to transition to growth markets.
Three precincts are leading the way in Tasmania: central Hobart, northern Hobart and Launceston.
Hobart’s most prestigious (and expensive) markets, <a href="/news">Battery Point</a> and <a href="/news">Sandy Bay</a>, feature on our “Rising Steadily” list, as well as two other Hobart City suburbs, <a href="/news">Mount Nelson</a> and <a href="/news">Lenah Valley</a>.
The Glenorchy City area in Hobart’s north also has several growth suburbs, including <a href="/news">Claremont</a>, <a href="/news">Chigwell</a> and <a href="/news">Glenorchy</a>. All have median house prices in the low $200,000s.
By way of example of the growth signs emerging, the suburb of Glenorchy has recorded quarterly sales volumes of 39, 50, 50 and 60 in four consecutive quarters, a pattern of growth that is likely to lead to price growth in 2014.
As yet, there’s no sign of prices turning upwards, but that time lag between market uplift (as measured by the number of sales) and price growth is an established pattern in real estate.
Suburbs in and around Launceston feature prominently on the “Rising Steadily” list. Tasmania’s second city also features on the list of “Consistency” markets, reinforcing Launceston’s reputation for solidity.
Quarterly sales in the Launceston suburb of <a href="/news">Invermay</a>, for example, have increased from 14 to 20 to 30 in consecutive quarters but, once again, this has not yet translated into a notable uplift in prices. That is yet to come.
Devonport in the north, which connects Tasmania to Melbourne by ferry, is a highly consistent market. Sales in five consecutive quarters have been 79, 75, 64, 71 and 69.
This is true also of <a href="/news">Kingston</a> on the fringe of Hobart: sales over the past six quarters have been 54, 56, 48, 58, 54 and 50.
The places to avoid in Tasmania are headed by <a href="/news">Queenstown</a>, which is about as depressed a town as you will find anywhere in Australia. Set in a moonscape created by mining pollution and tree removal, Queenstown has a median house price of just $80,000, after price decline over the past five years. That market, in terms of house sales, has almost come to a complete standstill.
Another market to avoid is <a href="/news">Brighton</a>, just outside Hobart, where sales activity has dropped markedly in recent times.
But generally, the overall scenario for Tasmania in 2014 looks more optimistic than last year. No doubt the state election scheduled for March 15 will give ditherers an excuse to procrastinate, but smarter investors could invest a little time in checking out opportunities in Australia’s forgotten state.
Terry Ryder is the founder of <a href="https://www.hotspotting.com.au/" target="_blank" rel="nofollow">hotspotting.com.au</a>.
You can contact Terry via <a href="https://mailto:%20ryder@hotspotting.com.au" target="_blank">email</a> or on <a href="https://twitter.com/hotspotting" target="_blank" rel="nofollow">Twitter</a>.
                        
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terryryder-YECXbqmri2

The forgotten state? Tasmanian property markets showing signs of revival

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With low rents and spectacular scenery, there’s a lot to like about renting a home in Tasmania. While <a target="_blank" href="https://www.propertyobserver.com.au/new-south-wales/the-5-most-beautiful-vacant-rentals-in-new-south-wales/2014011467194">New South Wales</a> and <a target="_blank" href="https://www.propertyobserver.com.au/news/jan-10-flicker-2-galleries-needed-the-5-most-beautiful-vacant-rentals-in-victoria/2014010967132">Victoria</a> were all about luxury, and the <a target="_blank" href="https://www.propertyobserver.com.au/northern-territory/the-five-most-beautiful-vacant-rentals-in-the-northern-territory/2014012267306">Northern Territory</a>’s best properties took advantage of the warm climate, Tasmania stood out for its beautiful heritage homes and country estates.
1. <a target="_blank" href="https://www.realestate.com.au/property-house-tas-battery+point-404943213">72 Hampden Road, Battery Point</a>
{yoogallery src=[images/stories/2014/02/05/bat]} 
This four bedroom, six bathroom home in Battery Point is a great example of the many well-preserved heritage houses available in Hobart. The main house’s three bedrooms all have en suites, with another en suite attached to the office space on the lower level.
The two-storey house has Baltic pine floors and new pure wool carpeting, and is fully furnished, with chesterfield lounges in the downstairs living area. The upstairs bedrooms are tucked high in the building, ensuring high ceilings for the lower level, while the upper rooms incorporate the building’s peaked roofing.
French doors open the kitchen up to the rear courtyard, where a renter can find the spa and sauna – and another house. The ‘coach house’ has a downstairs living area and bathroom, with a loft bedroom upstairs.
The circa 1850 building was purchased by its current owners for $850,000 in 2010 and is available at $950 a week.
Article continues on next page. Please click below.
 
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2. <a target="_blank" href="https://www.realestate.com.au/property-house-tas-longford-407907261">448 Pateena Road, Longford</a>
{yoogallery src=[images/stories/2014/02/05/long]} 
This three bedroom cabin-style home is situated on an 11 acre property that the agents, Harcourts, advertise as providing “room for your horses.” While at Property Observer we’re a little wary of properties that are too <a target="_blank" href="https://www.propertyobserver.com.au/residential/five-of-the-most-bizarre-property-listings-from-looney-listing/2014012867391">horse friendly</a>, this modest home located south of Launceston has us charmed.
The house’s wood-panelled and exposed brick walls close in the spaces a little, but also exude warmth and lend an intimacy to the living areas. A sunroom and covered deck provide all the room you need to soak up the country atmosphere and reflect.
The property also includes a kitchen with a walk in pantry, and a fully self-contained one bedroom granny flat. The property has been retained by its owners for more than 20 years, after it was purchased for $128,000 in 1993. The owners tried to sell in 2012, with no luck. It’s currently available to rent for $400 per week.
Article continues on next page. Please click below.
 
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3. <a target="_blank" href="https://www.realestate.com.au/property-house-tas-rowella-411998887">25 West Bay Road, Rowella</a>
{yoogallery src=[images/stories/2014/02/05/row]} 
Next on our list is a five bedroom country estate. The home is surrounded by manicured lawns, and is set far back enough from the road to ensure total privacy.
Situated north of Launceston, the property sits between local vineyards and the Tamar River. Renters might only be able to catch “glimpses” of water from the property, but there are plenty of sights to enjoy without the waterfront. The estate has extensive gardens with a tennis court, while a gardener is included in the cost of rent.
The country style home also has a private library in addition to its living room and formal dining room.
This Rowella property was purchased for a mere $85,000 in 1988. It’s now rented at $670 a week, less than most inner-city university students would pay for a beat up terrace in Melbourne or Sydney.
Article continues on next page. Please click below.
 
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4. <a target="_blank" href="https://www.realestate.com.au/property-house-tas-relbia-412349863">75 Caledonia Drive, Relbia</a>
{yoogallery src=[images/stories/2014/02/05/rel]} 
Although the next home on our list appears at first to be classic Georgian homestead, it’s actually a recreation, constructed within the last 10 years. For any renters that might be heritage enthusiasts, the builders had authenticity in mind, using period era fixtures and fittings.
The property is pet friendly (<a target="_blank" href="https://www.propertyobserver.com.au/news/letter-from-the-editor-the-drought-of-pet-friendly-rentals/2014013067134">a rarity,  as renters will know</a>), and has around seven acres of rural land, including two dams and several sheep to graze the land, along with some egg-laying chickens. There’s also room to grow your own vegetables, and landscaped gardens immediately surrounding the home. Again, a gardener is included in the $600 per week rental.
Inside, the four bedroom home has an open plan kitchen and living area which opens onto a large terrace for outdoor entertaining. The kitchen itself includes a walk-in scullery, with a hatch to take you down to the basement cellar.
Article continues on next page. Please click below.
 
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5. <a target="_blank" href="https://www.realestate.com.au/property-apartment-tas-hobart-405271117">13/84 Upper Fitzroy Crescent, Hobart</a>
{yoogallery src=[images/stories/2014/02/03/hob]} 
Located on the third floor of a restored mansion, this unique apartment is so good we've <a target="_blank" href="https://www.propertyobserver.com.au/tasmania/an-amazing-rental-in-hobart/2014020367492?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=newsplus">featured it before</a>.
The one bedroom, one bathroom loft makes the peaked ceilings of its building the apartment's main feature. The sloped white ceiling contrasts with the timber beams, which almost reaching the floor in places.
With polished floor boards, exposed brick and a red feature wall, the apartment plays up characteristics a lesser property would attempt to hide, without straying into kitsch. 
This rental also includes a balcony and a skylight over the bed. It's available to rent for $525 per week.
<a target="_blank" href="mailto:jrichardson@propertyobserver.com.au">jrichardson@propertyobserver.com.au</a>
 
 
 
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jrichardson-uRX5hFdKfN

The five most beautiful vacant rentals in Tasmania

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According to the Real Estate Institute of Tasmania’s (REIT) latest report, December saw a 10.7% increase in house sales from the previous month in Tasmania.
In its December Quarter Property Report, released today, the REIT said that Tasmania experienced a 21.1% increase in properties sold over 2013 from the year prior.
REIT President Adrian Kelly said that house sales in <a href="/news">Hobart</a>, <a href="/news">Launceston</a> and the north-western centres increased over the entire year.
“Hobart house sales increased by 15.2% for the quarter, but of particular interest was Inner Hobart, which recorded a staggering 46.2% increase in house sales,” said Kelly.
“Launceston house sales also showed positive growth, up 23.2% after a 7.3% decline in the September quarter, recording an overall increase of 17.1% in house sales from the same time last year.”
Tasmania’s median house price increased slightly over the December quarter, up 3.4% from the September quarter. The REIT’s report noted that Tasmania had a strong June quarter in 2013, with a slightly softer September quarter.
“Fourteen municipalities saw an increase in both their median house price and sales for the [December] quarter,” said Kelly.
<a href="/news">Sandy Bay</a>, <a href="/news">Acton Park</a> and Glebe were the most expensive Tasmanian suburbs in December. The cheapest were <a href="/news">Ravenswood</a>, <a href="/news">Beaconsfield</a> and <a href="/news">George Town</a>.
First home buyers accounted for 18% of house sales in Tasmania for the quarter, with a median price of $265,000, an increase from the previous quarter. The Tasmanian government <a href="https://www.propertyobserver.com.au/https://www.propertyobserver.com.au/tasmania/%2430000-leg-up-in-tas-offered-to-first-time-buyers/2013111166281" target="_blank">recently increased</a> its first home buyers grant to $30,000. 
Although the proportion of house purchases made by first home buyers was up for December, second home buyers still comprise 51% of all buyers, according to the REIT report. The median house price for second home buyers was $334,000.
<a href="https://www.propertyobserver.com.au/jrichardson@propertyobserver.com.au" target="_blank">jrichardson@propertyobserver.com.au</a>
 
 
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Strong end to 2013 for Tasmania: REIT

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A gorgeous property in Tasmania's <a href="/news">Hobart</a> has jumped onto the radar as a rental that many of us are envious of, with Rent Resumé providing us our Tweet of the Day with this shout out:
<blockquote class="twitter-tweet" lang="en">
Rental of the Day. Hobart TAS. Awesome 1 Bedroom Loft. <a href="https://t.co/gMZ6J49nZe">https://t.co/gMZ6J49nZe</a> <a href="https://t.co/kEA56R7Xz8">pic.twitter.com/kEA56R7Xz8</a>
— Rent Resumé (@RentResume) <a href="https://www.propertyobserver.com.au/https://twitter.com/RentResume/statuses/430148884330201088">February 3, 2014</a>
</blockquote>
The property, <a href="https://www.realestate.com.au/property-apartment-tas-hobart-405271117" target="_blank">13/84 Upper Fitzroy Crescent</a>, Hobart (pictured below), is a lovely one-bedroom, one-bathroom apartment in a loft style. Think red, think stainless steel and think modern-meets-cosy. We particularly like the shape of the windows and the concept of a skylight above the bed. The beamed ceilings are also lovely.
{yoogallery src=[images/stories/2014/02/03/hob]}
However, it is asking $525 per week. The <a href="/news">median rent for Hobart units looks to be at $450 per week</a>, according to RP Data, so this is nudging the upper end of the market with one-bedroom, one-bathroom properties able to be rented for less than half this price.
The loft is said to have stunning views, which can just be seen from the listing pictures.
<a href="mailto:news@propertyobserver.com.au" target="_blank">news@propertyobserver.com.au</a>
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jduke-EHk3XBmHkn

An amazing rental in Hobart

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A chateau-style Hobart residence was the most expensive sale of the week at $1.7 million, according to RP Data.
Situated in the affluent suburb of <a href="/news">Sandy Bay</a>, the imposing six-bedroom European-inspired abode Greystanes includes open fire places in every bedroom, six bathrooms, a butler’s pantry and an eat-in kitchen.
Located at <a href="https://www.realestateview.com.au/Real-Estate/melrose-court-sandy-bay/Property-Details-sold-residential-5470773" target="_blank">3 Melrose Court</a> the spacious C1910 house features gorgeous timber panneling and French doors.
The 2,500 square metre block features a sprawling English garden, private courtyard and pool.
The sale was handled by Phil King of Harcourts Northern Suburbs Glenorchy.
Last week Property Observer reported  on a fellow Sandy Bay offering called<a href="https://www.propertyobserver.com.au/https://www.propertyobserver.com.au/tasmania/sandy-bay-s-most-significant-waterfront-property-offered-in-a-decade-listed/2014011567208" target="_blank"> the most significant waterfront property for sale in the Hobart market for a decade</a>.
The weekend's 10 most expensive sales according to RP Data:
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/3_melrose_court_sandy_bay_tas_7005/14092555">3 Melrose Court, Sandy Bay, TAS, 7005,</a> six-bedroom house, sold on January 17 by Harcourts Northern Suburbs Glenorchy for $1.7 million  
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/28_kingfisher_drive_peregian_beach_qld_4573/6818334">28 Kingfisher Drive, Peregian Beach, QLD, 4573,</a> four-bedroom house, sold prior to auction on January 18 by Tom Offermann Real Estate for $1.435 million  
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/27_watson_street_camp_hill_qld_4152/3675906">27 Watson Street, Camp Hill, QLD, 4152,</a> four-bedroom house, sold on January 15 by Harcourts Coorparoo for $1.4323 million  
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/2/14_moss_street_kingscliff_nsw_2487/16272912">2/14 Moss Street, Kingscliff, NSW, 2487,</a> three-bedroom unit, sold on January 16 by Ray White Coolangatta/Tweed Heads for $1.4 million  
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/2/5-7_victoria_parade_manly_nsw_2095/3989691">2/5 Victoria Parade, Manly, NSW, 2095,</a> two-bedroom unit, sold on January 14 by Brian Pentecost Property for $1.38 million  
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/44_johnson_street_kiama_downs_nsw_2533/3315692">44 Johnson Street, Kiama Downs, NSW, 2533,</a> three-bedroom house, sold on January 15 by Harcourts Real Estate Kiama for $1.325 million  
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/76_dunloe_avenue_mont_albert_north_vic_3129/11884841">76 Dunloe Avenue, Mont Albert North, VIC, 3129,</a> three-bedroom house, sold at auction on January 18 by Ray White Box Hill for $1.233 million  
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/721_forest_road_bexley_nsw_2207/1424852">721 Forest Road, Bexley, NSW, 2207,</a> six-bedroom house, sold on January 15 by CoStar Real Estate Hurstville for $1.23 million  
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/30_buccaneer_way_coomera_qld_4209/4072930">30 Buccaneer Way, Coomera, QLD, 4209,</a> four-bedroom house, sold on January 17 by Hope Island Resort Realty Hope Island for $1.065 million  
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/8_westminster_drive_castle_hill_nsw_2154/1788398">8 Westminster Drive, Castle Hill, NSW, 2154,</a> four-bedroom house, sold on January 16 by Murdoch Lee Estate Agents for $1.05 million
<a href="mailto:jrobinson@propertyobserver.com.au" target="_parent">jrobinson@propertyobserver.com.au</a>
 
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jake-cSmGT7VXVf

Sandy Bay chateau inspired house last week's most expensive sale: RP Data

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A new procedure requires Tasmanian private developers, receiving $500,000 of government funding for a project of $5 million and above, to complete a Tasmanian Industry Participation Plan (TIPP).
David O'Byrne, Minister for Economic Development, said that this is red tape that developers do not need.
He said that clarity needed to be provided around this plan and what it means for developers if they do not fill out the TIPP, asking: “Will they be penalised? Will their development be stopped? Will they have to pay back government funding? Who is policing it?"
Minister Michael Ferguson's blog explains that when taxpayers fund or contribute to a project they should expect a benefit from the development and construction, as well as when the project is finished.
"TIPPs are a practical way to make sure more Tasmanians and more Tasmanian businesses are involved in local projects," Ferguson writes.
"A [TIPP] means a project proponent will need to detail the capacity and anticipated participation of local suppliers in the project and the benefits to the state that the project will create. So when there’s a major project local suppliers are actively sought out and considered."
Tasmania certainly has a number of challenges when it comes to ensuring the economy, communities and property market thrive. Jonathan Chancellor <a href="https://www.propertyobserver.com.au/news/tasmania-s-unemployment-rate-holds-back-property-investment-but-watch-growing-overseas-student-numbers/2013110666223" target="_blank">recently wrote about the troubling unemployment rate</a>.
<a href="mailto:jduke@propertyobserver.com.au" target="_blank">jduke@propertyobserver.com.au</a>
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Private developers receiving government grant must jump through another hoop: O'Byrne

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The Maranoa Heights Community Centre was re-opened on Friday by Tasmanian Premier Lara Giddings. The centre is in the suburb of <a href="/news">Kingston</a>, on the outskirts of Hobart.
The refurbished centre is part of the state Labor government’s $6 million Tasmanian Jobs Package, aimed at creating 110 new jobs in Tasmania’s construction industries. By February, the Premier expects $1 million worth of work to be completed across Tasmania’s 13 community houses.
At the launch, Giddings noted that “this is not just an investment in bricks and mortar, this is an investment in our communities.
“It is about improving the facilities and sustainability of our community houses, as well as providing stimulus to local businesses,” Giddings said.
The refurbishment focussed on providing improved disability access to the community centre, including better wheelchair access. Other additions to the building included a dedicated computer room, an expanded program and activities room, a tea room and new offices for professional services.
The Maranoa Heights Community centre’s president, Eddie Rogers, is a state finalist in the 2014 Senior Australian of the Year awards. The community centre’s management committee was also awarded Volunteering Tasmania’s Volunteer Management award in 2013.
<a href="mailto:jrichardson@propertyobserver.com.au" target="_blank">jrichardson@propertyobserver.com.au</a>
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Renewed community centre launched in Kingston, Tasmania

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A French Chateau style residence located in Sandy Bay and on the most elevated block is being offered for sale, with the listing calling it the most significant waterfront property for sale in the Hobart market for a decade.
<a href="https://www.realestate.com.au/property-house-tas-sandy+bay-114821863" target="_blank">532 Sandy Bay Road, Sandy Bay </a>is a three-bedroom, three-bathroom home that shows itself off well in the listing photos, showing bay-style windows, a decorative staircase and classic design elements.
{yoogallery src=[images/stories/2014/01/16/sandybay]}
At three storeys, it’s a significantly sized property and Property Observer notes that it is asking somewhere in the vicinity of $3 million. It has views of the water to Battery Point and the City as far as Nutgrove Beach.
Level One – Large entry foyer, four interconnected living zones (formal lounge, dining, eat-in kitchen and media room), water, garden and courtyard views.
Level Two – Three double bedrooms, two marble bathrooms (including private master ensuite).
Level Three – Gym/rumpus room with own bathroom and sauna.
All levels are connected by lifts, and have double glazing, a monitored security system and air conditioning.
The master bedroom has a his/hers walk in wardrobe and 270 degree water views.
The gardens are designed by Paul Bangay, and include a walled courtyard. There is also a double garage, large portico, pencil pines and wrought iron electrically operated gates.
The site is 1,100 square metres, and is owned by Carl John Rooke, managing partner of Horwath Tasmania and shareholder advisor of Hazell Bros Group.
Steve Yannarakis from Knight Frank Hobart said that the owner is downsizing to Battery Point, and that there has been local and international interest on the home.
RP Data notes that the home last transacted in 1998 for $675,000.
The luxurious <a href="/news">Sandy Bay</a> area has a median sale price of $580,000 with the median for houses over $750,000 sitting at $915,000.
<a href="https://www.propertyobserver.com.au/jduke@propertyobserver.com.au" target="_blank">jduke@propertyobserver.com.au </a>
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Sandy Bay's most “significant waterfront property” offered in a decade listed

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Tasmania’s public housing waiting list has fallen to its lowest level in a decade as a result of strong investment and reform, according to the Minister for Human Services Cassy O’Connor. 
The waiting list fell by 5.4% in the three months to September 30 2013, with almost 300 Tasmanians moving into public housing. These figures come from the latest Health and Human Services progress chart.
Since 2009, the Tasmanian Government has invested about $220 million to build around 1,500 new affordable housing properties, in partnership with the former Federal Government.
Another $17 million is being invested this financial year, with another 1,360 homes that will be completed in 2016.
“A comfortable and affordable place to live is a fundamental human right,” Ms O’Connor said.
“As a progressive Government, we’re determined to help low-income Tasmanians put a roof over their head - with the security, opportunity and dignity that brings.
“The Government has an active role to play in sharing wealth and levelling the economic playing field. That’s why we’re increasing the supply of affordable housing, and reforming the sector to prioritise Tasmanians most in need,” she said.
There are some 2,000 Tasmanians still on the waiting list for public housing.
Ms O’Connor also noted that low-income families in private rental properties are also benefitting, with 1,125 Tasmanians receiving rental assistance in the September quarter, up slightly on the previous year.
At the same time, one of Tasmania’s largest affordable housing projects – named Queens Walk Apartments – officially opened last month. The first tenant, Phillip Turnbull has signed a lease, and was welcomed by Ms O’Connor.
The Queens Walk redevelopment is part of the State Government’s broader affordable and social housing strategy to support for Tasmanians on low incomes.
Stage One of the $8.5 million redevelopment is complete, which includes 16 one-bedroom units, 26 two-bedroom units, and a community room.
Formerly known as Stainforth Court, the site will ultimately provide 84 high-quality units and aims to create a welcome community for a diverse range of Tasmanians.
“It’s fantastic to be welcoming people to their impressive new homes – just in time for Christmas,” Ms O’Connor said. “Queens Walk apartments is a powerful symbol of what we can achieve if we’re brave enough to look beyond the past reputation and stigma of a place, and work towards a bright, dynamic and sustainable future. “This formerly troubled site has been completely reinvented into a fantastic home and strong community for Tasmanians who need affordable housing. “As a progressive Government devoted to supporting Tasmanians in need, projects like this are what government all about. “It should also be a great source of pride for our whole community,” she said.
Stage one, which involved two housing towers, was completed on time and on budget. Stage two, involving another two towers, is on track to be completed in April.
All units are energy-efficient and four one-bedroom units in Stage One are Platinum-standard disability units.
The project has supported 125 construction jobs for Tasmanians so far, including apprentices.
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