South East Queensland developer&nbsp;<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a>’s entry into the Gold Coast apartment market has progressed from pipeline to market, with its Chevron Island project Bronze on Chevron now formally available to purchase ahead of a planned 2029 completion.

The 119-apartment development on Mawarra Street marks the Brisbane-headquartered builder-developer’s first residential play in the Gold Coast, following its expansion south from Brisbane and the Sunshine Coast.

<a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-surfers-paradise-qld-4217">Bronze on Chevron</a> comprises a mix of two-, three- and four-bedroom residences, with pricing starting from just over $1.5 million. The project is being delivered under Gardner Vaughan’s fully integrated model, with the group acting as both developer and builder, a structure it has consistently applied across its South East Queensland portfolio.

[smartcode_project:default project_id=107520 project_image_fid=367182]

Architecture has been designed by <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, with landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jeremy-ferrier-landscape-design">Jeremy Ferrier</a>. The building presents as a single-tower scheme, with a focus on maximising outlook across both the Surfers Paradise skyline and the Nerang River.

Apartments have been planned with open-plan living zones extending to generous balconies, a response to the site’s dual-aspect positioning between river and ocean. Interiors follow a restrained coastal palette, with two colour schemes offered, and an emphasis on natural light and cross-ventilation.

[smartcode_project:default project_id=107520 project_image_fid=367181]

Resident amenity is concentrated across more than 1,250 sqm and includes a resort-style pool, gym, yoga lawn and rooftop entertaining areas. A function space with catering facilities forms part of the upper-level offering, alongside north- and south-facing outdoor areas.

Ground level will incorporate two retail tenancies, intended to extend the existing village character of the surrounding streets.

&nbsp;

[smartcode_project:default project_id=107520 project_image_fid=367200]

The project sits within walking distance of Thomas Drive’s established dining strip, while maintaining proximity to <a href="https://www.apartments.com.au/developments/surfers-paradise-qld-4217">Surfers Paradise</a> beach and broader Gold Coast amenity. The location, positioned on Chevron Island between the river and coastline, has increasingly attracted mid- to high-density development in recent years as the precinct evolves beyond its low-rise origins.

Gardner Vaughan’s move into the Gold Coast was first signalled in 2025, with the group identifying the region as a natural extension of its operations. Chief Executive Officer Simon Betteridge described the expansion as both “strategic and natural”, citing demand for well-designed apartments in lifestyle-driven markets.

Construction is expected to complete in early 2029.

[smartcode_project_cta:default project_id=107520]

Joel Robinson

Gardner Vaughan brings Bronze on Chevron to market as Gold Coast debut

One of the penthouses at Lily Lane, the latest stage of Carrington Place by Ellipse Property, has set a new local apartment price record.

The four-bedroom residence, purchased by a local downsizer, sold for $5.75 million—around 75 per cent higher than the previous record of $3.3 million.

Over 40 per cent of the first release of apartments at&nbsp;<a href="https://www.apartments.com.au/new-apartments/lily-lane-at-carrington-place-castle-hill-32-carrington-road-castle-hill-nsw-2154">Lily Lane</a> have already been snapped up just six weeks since it launched to the market.

&nbsp;

Located at 32 Carrington Road, <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a> and designed by award-winning architects <a href="https://www.apartments.com.au/architects/ptw">PTW</a>, Lily Lane is directly opposite the Hills Showground Metro station. It offers a total 213 units over two 12-storey towers - a mix of 67 one-bedroom, 100 two-bedroom and 46 three-bedroom apartments - with a ground-floor retail offering.

[smartcode_project:default project_id=151821 project_image_fid=368352]

Blake Schulze, National Director – Residential at <a href="https://www.apartments.com.au/project-marketer/colliers">Colliers</a>, says around 44 per cent of buyers are&nbsp;owner occupiers, with 35 per cent being investors and 21 per cent first homebuyers.

“Developments of this calibre are very rare in the Hills District, and Lily Lane’s sales success demonstrates the depth of demand for over-sized apartments that genuinely compete with freestanding homes," Schulze says.

"We are seeing particular demand from downsizers who want to remain in the area but transition into spacious, high-quality apartment living."

On the penthouse sale, it says it shows buyers&nbsp;are prepared to pay a premium for scale, quality, and direct access to the Metro.

[smartcode_project:default project_id=151821 project_image_fid=368351]

One-bedroom apartments are sized from 50-72 sqm with prices starting at $745,000, while two-bedrooms are priced from $990,000 with sizes from 75 to 132 square metres. Three-bedroom floorplans are sized between 97 and 182 sqm,, with prices starting at $1,395,000.&nbsp;

The three remaining penthouses, spanning up to 262 sqm, are priced from $2.9 million.

Over 75 per cent of apartments include dedicated studies, multipurpose rooms or family rooms, with select layouts offering walk-in pantries and laundries. Apartments are appointed with premium Miele appliances including ovens, washing machines, dryers, gas cooktops and dishwashers, while larger residences also incorporate integrated Miele microwaves, Fisher &amp; Paykel integrated refrigerators and five-burner Miele cooktops.

[smartcode_project:default project_id=151821 project_image_fid=360285]

Lily Lane will be constructed by award-winning iCIRT-rated builder <a href="https://www.apartments.com.au/builders/decode">Decode Group</a>, with construction to commence in mid-2026 and expected to complete early 2029.

Carrington Place comprises more than 800 apartments and is being delivered across multiple stages, with completion expected in 2032. Integrated with neighbouring bushland, the project will feature over 20,000 sq, of outdoor recreational area, including a one-kilometre boardwalk to Fred Caterson Reserve.&nbsp;

The Hills Showground Metro Station is just a two-minute walk away, offering fast connectivity to Sydney’s CBD, North Sydney, Chatswood, Macquarie Park and Norwest Business Park.

[smartcode_project_cta:default project_id=151821]

Ellipse sets Castle Hill apartment record with $5.75 million Lily Lane penthouse sale

Fresh off completing its Delano Crows Nest development, Lindsay Bennelong has lodged plans for its next project, this time turning its attention back to the beach.

The developer, started 20 years ago by Clarendon Homes founder Peter Campbell, is proposing a 37-apartment scheme at <a href="https://www.apartments.com.au/new-apartments/17-25-ashburner-street-manly-nsw-2095">17-25 Ashburner Street</a>, Manly, positioned between the southern end of <a href="https://www.apartments.com.au/developments/manly-nsw-2095">Manly</a> Beach and East Manly Cove.

Lindsay Bennelong called on local architecture firm Platform Architects to design the new building, given their success at Finn, Lindsay Bennelong's current luxury apartment project on North Steyne.&nbsp;

According to the Design Verification Statement by Bridie Gough of Platform Architects, the proposal “relates to the current context but also the desired future character of taller buildings suitable to the new planning controls.”

The site has been identified as a Low to Mid-Rise Housing (LMR) location, given its position within 400 metres of the Manly Town Centre E1 Business Zone. The LMR controls are intended to unlock additional housing supply in well-located areas close to public transport, allowing developers to seek increased height limits to support greater density.

“The proposal seeks to provide this increased level of housing whilst being respectful of some of the smaller scale buildings also nearby,” the statement reads.

Lindsay Bennelong Development Director Leigh Manser said the project has been carefully aligned with the intent of the LMR controls. The proposal will significantly increase housing yield on the site, replacing four houses and 10 apartments, comprising 25 bedrooms, with 37 new apartments delivering a total of 94 bedrooms, whilst remaining compliant with the LMR controls.

“Sydney is in a severe undersupply, and delivering more dwellings and more bedrooms than what currently exists is exactly what the LMR policy is designed to activate,” Manser said, noting that nine of the apartments will be allocated as affordable housing for frontline workers.

“We have already commenced discussions with our community housing provider to determine the rental levels that frontline workers can realistically afford in this location,” he said. “These will need to sit well below the standard affordable housing benchmark of 20 per cent below market rent, and that has been factored into our feasibility and pricing.”

<img alt="Manly" data-entity-type="file" data-entity-uuid="ad03000f-19f9-48b4-b27d-e85ca800a1da" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-30%20at%208.41.59%E2%80%AFAM.png?VersionId=a.txHwCZgbCInlQ6QXbIrI.umvW1T.r8" />

The design of the building incorporates a wave-like indentation running through the façade, referencing the nearby coastline and anchoring the building within its local context.

The&nbsp;Design Verification Statement says careful consideration has been given to the articulation of the building, ensuring the bulk is broken down to a more human scale through a defined four-storey podium."

The scheme includes a mix of one-, two- and three-bedroom apartments, as well as a full-time building manager's office and wellness facilities including a sauna and a gym.

“The design ensures a high level of amenity, with apartments offering generous private open space, many with expansive views, and all with comfortable proportions."

<img alt="Bennelong" data-entity-type="file" data-entity-uuid="6a7f2812-72a1-4959-84b0-997e8cd88aed" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-30%20at%2010.15.50%E2%80%AFAM.png?VersionId=6iMxU3MkXmHVHAoNhYBjnqgka8CUZNbk" />

<a href="https://www.apartments.com.au/developers/lindsay-bennelong-developments">Lindsay Bennelong</a>&nbsp;is currently developing Finn Manly, just four full-floor luxury apartments on North Steyne. They recently welcomed residents to its 81-unit Delano Crows Nest development, a&nbsp;carefully scaled infill project designed to bridge&nbsp;<a href="https://www.apartments.com.au/developments/crows-nest-nsw-2065">Crows Nest</a>’s lively village centre with its surrounding heritage streets.

Designed by&nbsp;<a href="https://www.apartments.com.au/architects/ajc-architects">AJC Architects</a>,&nbsp;<a href="https://www.apartments.com.au/new-apartments/delano-crows-nest-27-57-falcon-street-crows-nest-nsw-2065">Delano</a>&nbsp;is arranged across three low-rise buildings, incorporating a mix of one, two, and three-bedroom apartments alongside a limited number of townhomes addressing Hayberry Lane. The architectural approach drew on the area’s Art Deco lineage, reinterpreted through contemporary detailing and framed by landscaped communal gardens.

The developer also has a development site in Maroubra.

First look: Lindsay Bennelong's new Manly apartment development revealed

Fifty-nine residences across 37 levels. No more than two per floor. With 80 per cent now sold, what remains at <a href="https://www.apartments.com.au/new-apartments/madeline-by-mosaic-broadbeach-22-mary-avenue-broadbeach-qld-4218">Madeline by Mosaic</a> is a short list.

Madeline was always conceived at a scale that sits outside the normal register of Gold Coast apartment living. The residences are half- and full-floor configurations, with the largest spanning more than 400 sqm, dimensions that place them closer to the penthouse end of the market regardless of where they sit in the building.

That scale is the organising principle of everything else: how the floorplans are laid out, how the materials read, how the connection between inside and outside works.

[smartcode_project:default project_id=150135 project_image_fid=355941]

The interiors were developed in collaboration with <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser &amp; Partners</a>, the architecture practice&nbsp;<a href="https://www.apartments.com.au/developers/mosaic-property-group">Mosaic</a> brought in as design partner for the first time on this project. The palette runs to natural stone, textured timbers, and soft metallics, materials chosen as much for their tactile quality as their appearance.

Light cleverly shifts across surfaces through the day, and the design is explicit about wanting that to be noticed. Full-height glazing runs across the primary living areas, and where the building faces east toward the ocean, those walls of glass are doing real work: framing a view corridor that the site's position directly opposite Broadbeach State School's playing fields keeps permanently open.

That outlook is the site's most consequential asset. In a suburb where new towers continue to rise, a protected view line is genuinely rare, and the Mary Avenue address secures it. Residents at Madeline will look out over open parkland rather than the rear of another building, a distinction that becomes more meaningful with each new development approved nearby.

[smartcode_project:default project_id=150135 project_image_fid=355939]

The private outdoor spaces are sized to match the residences themselves. Terraces on the upper levels frame uninterrupted ocean panoramas, and the planning ensures that living areas extend into those outdoor zones rather than treating them as separate attachments. The flow between the two is part of the design intent, not an afterthought.

Inside, the finish specification reflects the same approach. Rich stone benchtops, warm timber joinery, bespoke hardware, each element specified to hold up over time rather than read as a moment in a particular trend cycle.

[smartcode_project:default project_id=150135 project_image_fid=3409]

Beyond the residences, the amenity offering extends that register. A lap pool and sun deck anchor the outdoor space, alongside a magnesium pool, cold plunge, steam room, and sauna.

A commercial-grade gymnasium, residents' lounge, library, and boardroom round out a programme that functions more like a private members club than a standard building amenity floor.

Construction has commenced under Mosaic's in-house building arm, with completion scheduled for late 2028.

[smartcode_project_cta:default project_id=150135]

Madeline by Mosaic delivers penthouse-level living across every apartment

Developer Fortezza Group is the latest to take its new apartment development, <a href="https://www.apartments.com.au/new-apartments/the-belvedere-5-7-church-street-nelson-bay-nsw-2315">The Belvedere in Nelson Bay</a>, to the NSW Government.

Fortezza, predominantly a South East Queensland developer, is the latest to apply for State Significant Development&nbsp; status through the NSW Government's Housing Delivery Authority, a pathway becoming favoured by developers to speed up the approval process.

They are planning 57 two- and three-bedroom apartments across 5-7 Church Street and 42 Donald Street, near d'Albora Nelson Bay Marina. The diverse apartment mix has sizes from just over 80 sqm to the largest three-bedroom penthouses that reach nearly 200 sqm.

<img alt="Fortezza" data-entity-type="file" data-entity-uuid="090360e1-66d7-43ad-b686-aba81f173bf2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-29%20at%2010.22.40%E2%80%AFAM.png?VersionId=DMqF96eBZolqSAAAcugX0l66ueWng66m" />

Fortezza calls the project a "piece of Istria in Nelson Bay,"&nbsp;referring to the largest peninsula in the Adriatic Sea, shared by Croatia (90%), Slovenia, and Italy, which is known for its Roman history, Venetian-style coastal towns and inland hilltop villages.

They say the The Belvedere is strategically positioned at the apex of Nelson Bay, offering unrivalled views of the ocean, the bay and captivating topography of the area.

"Our commitment to maintaining the integrity of every view and sight line has been relentless," Fortezza Group says.

"Through extensive modelling and analysis, we ensure that each apartment enjoys the natural beauty of Nelson Bay, regardless of future developments. Each design element is carefully curated to harmonise with our European heritage, drawing profound inspiration from the Roman architectural marvels in Istria. The arches, the cascades of greenery and the stonework that define our project pay homage to the structures that once exemplified Roman grandeur."

Residents will have access to a pool, communal green spaces, an office and a coffee shop.

First look: Fortezza Group takes The Belvedere, Nelson Bay apartment development, to NSW Government

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?

Nearly a year after purchasing the former Leo's Fine Food &amp; Wine supermarket in Kew for a reported $52 million, Melbourne developer <a href="https://www.apartments.com.au/developers/orchard-piper">Orchard Piper</a>, in a consortium with billionaire James Packer, has filed development plans for the site.

The proposal includes just under 200 apartments on the 6,835 sqm block, which spans <a href="https://www.apartments.com.au/new-apartments/26-36-princess-street-kew-vic-3101">26-36 Princess Street and 11-15 Brougham Street</a>. Approval is being sought through the Department of Transport and Planning’s (DTP) Development Facilitation Program (DFP).

The buildings, designed by Wardle, will vary in scale and rise up to 18 storeys. One-, two-, three- and four-bedroom apartments will be offered, along with townhouses. Ten per cent of the total dwellings will be allocated to key worker housing.

The development will also include 19 new retail premises, comprising a mix of shops, restaurants and cafés, including a dedicated space for a high-quality produce offering similar to Leo’s.

<img alt="Kew" data-entity-type="file" data-entity-uuid="67cc85a5-a9d8-4eaa-95ae-fd93762d3297" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-29%20at%208.15.07%E2%80%AFAM.png?VersionId=_p57VJNE2w16xNXB4ISvu3mnVHDDk86R" />

Orchard Piper noted the development is "designed to revitalise the Junction with high-quality housing and retail, while also improving the public realm."

"Assembling an expert team, we've been working with leading architects Wardle and landscape architects Oculus on a site-sensitive design. Wardle is one of Australia's pre-eminent architectural practices, and its founder, John Wardle, is a former long-term Kew resident with an intimate knowledge of the area.

"After close to a year refining the plans, our current opposition embodies Kew's unique character and meets the community's needs, including detailed consideration of the surrounding building design, streetscape conditions and broader planning context."

On top of the extensive retail component, the opportunity to deliver offsite public realm works, involving the council owned land to the south, would include a comprehensive new landscaped laneway strategy that connects Athenaeum Place into the site, a new public park, and the relocation of the public parking currently on the site to the adjoining council land.

<img alt="Kew" data-entity-type="file" data-entity-uuid="02da73ff-e9d9-4e6a-8b6c-75c6f4cb3b01" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-29%20at%208.15.12%E2%80%AFAM.png?VersionId=NXlzip8H0suSqc.X2H6nLKZr6LB1joJ." />

Orchard Piper, led by Luke Mckie and Rick Gronow, is currently delivering The Carter building on St Kilda Road and One Toorak Place in Toorak village.

Kew has been a popular suburb for new development in recent years. The likes of Piccolo, ANGLE, and Carpe are delivering projects in the area.

&nbsp;

&nbsp;

First look: Orchard Piper, James Packer's Kew development revealed

<html><body>
Adelaide sisters Alisa and Lysandra are tipped to be the winners of tomorrow’s The Block Sky High auction, according to betting website Sportsbet.
The South Australian twins on level one have $1.65 odds, followed by the penthouse couple Trixie and Johnno at $3.00.
Madi and Jarrod on level four sit in third place with a betting odd of $5.00, followed by Bec and George at $7.00.
Level two Western Australia couple Matt and Kim are tipped for last place at $9.00.
Interior designer Shaynna Blaze is also backing the twins to win or Melbourne couple Bec and George.
“Bec and George, being in the middle apartment, are the first to get the view and theirs is the most sellable as a blank canvas,” says Blaze.
“I think between the quality of their [Alisa and Lysandra] finishing’s and having the lowest reserve the girls will do brilliantly.
“If those girls had the top apartment then it would have been game over,” says Blaze.
But Melbourne buyers agent <a href="/news">Frank Valentic</a> says the top two levels, Trixie and Johnno and Madi and Jarrod, are likely to bring home the big bucks with people willing to pay a premium price for views.
Valentic says level one, two and three are facing the challenge of a potential three-storey townhouse redevelopment to be built next door, potentially having their views built out.
“People pay a premium price for views, a potential 10% to 20% higher,” says Valentic.
“Level one, two and three may potentially have no views in the future when the development happens next door."
The apartments will go under the hammer on Saturday July 27, with the public to find out the results on Sunday July 28.
</body></html>

ntrotman-Et3xWpamVh

Alisa and Lysandra tipped to win The Block Sky High, but it all might depend on your view

<html><body>
A three-bedroom cottage only metres away from the proposed Eastern Freeway exit in Collingwood passed in at recent auction as the crowd stood quiet.
Now an apartment located directly opposite the entire block of homes set to be demolished has appeared on the market, but the agent declined to comment on the East-West Link debacle.
Property Observer takes a look at the suburb of Collingwood and what affect the East-West Link project is having on the market so far.
A circa 1900 freestanding Victorian cottage at 15 Forest Street passed in at its July 20 auction but secured $1.04 million after negotiations.
The cottage has undergone extensive renovations and extensions 13 years ago and features an entertainer’s kitchen, two bathrooms and open fireplaces.
It was listed with Rolan Paterson of <a target="_blank" href="https://www.nelsonalexander.com.au/properties/buying/collingwood-15-forest-street">Nelson Alexander</a>.
A couple of streets away on Bendigo Street, 118 homes and businesses are set to be demolished to make way for an East-West link off-ramp.
A one-bedroom, one-bathroom apartment on the safe side of Bendigo Street has been put on the market with an asking price of $239,000.
It was purchased in May 2009 for $217,500, reflecting an approximate 2.25% annual price appreciation.
It is currently tenanted for $280 a week, reflecting a 6.09% rental yield, but securing a tenant in the future may prove difficult.
Listing agent Paul Markovic of <a target="_blank" href="https://www.realestateview.com.au/cgi-bin/view.pl?OID=5542693&amp;s=1213590937&amp;Sub=COLLINGWOOD&amp;BeL=0&amp;BeH=9999&amp;PrL=0&amp;PrH=99999&amp;Surr=&amp;IKW=&amp;PT=&amp;PTr=r&amp;CS=VIC&amp;OrderBy=suburb&amp;OrderStr=&amp;Con=S&amp;SearchPage=&amp;Bkmk=_&amp;OFI=&amp;OFIDays=&amp;OFIDateL=&amp;OFIDateH=&amp;ListedDays=&amp;BS=10&amp;Thu=on&amp;Qui=">Peter Markovic Realty</a> declined to comment on the matter and said he was tired of all the media approaches.
“I’m sure you can appreciate how annoying it is – I’m tired of it,” Markovic told Property Observer.
Meanwhile, a two-bedroom home on Gold Street – a few hundred metres from the proposed East-West link – is on the market for $600,000 plus.
The home features high ceilings and period features as well as an entertainer’s courtyard.
Listing agent Edwards Hobbs says he doesn't believe it's in an affected area, however could deter some buyers.
"For some buyers it possibly could, every property we sell there’s always a downside.
"If the buyer has to adjust his price, he will, but we're trying to downplay it and for it not be a focal point," says Hobbs.
It is scheduled for a August 17 auction through Edward Hobbs and Tabitha Robb of <a target="_blank" href="https://www.propertyobserver.com.au/https://www.bigginscott.com.au/property/details/12021">Biggin &amp; Scott Richmond.</a>
The median house price in <a target="_blank" href="/news">Collingwood</a> is $730,000 and the median apartment price is $520,000, according to RP Data.
</body></html>

Collingwood's East-West link buying dilemma 

Selling agents Kay and Burton expect more than $2 million for the Hampton home of Danish fashion retailer&nbsp;Benedicte&nbsp;Olrik.

Her high-end boutique, Olrik Denmark, was established in 2006 sells Danish, European and Scandinavian fashion wear in the city, at Crown and in South Yarra.

The 16 Service Street Victorian weatherboard, circa 1890, has been rejuvenated over the past 12 years. It has five bedrooms and a large formal dining room at the front with bay window, art-deco chandelier, and door out to the return verandah.

There&rsquo;s a formal sitting room/library and the open-plan living and meals area at the rear extends into an atrium with fish pond, deck and alfresco dining area.

The kitchen has a Caesar stone bench-top and five-burner Miele stove and oven. A traditional bathroom has a corner spa while another modern bathroom includes the laundry.

Period touches are the marble fireplaces, polished timber floors, picture rails and return veranda.

A talking point is the 112 year old Chinese elm on the block of 962 square metres. The double carport enters a side street.

<a href="https://www.realestate.com.au/property-house-vic-hampton-112540863" target="_blank">Ian Jackson and Gail Pullen are handling the sale.</a>

staylor-63KgDrKwoY

Boutique fashion designer Benedicte Olrik lists Hampton trophy home

<html><body>
The historic Mebourne waterfront suburb of Williamstown has enjoying solid capital growth over the past five years, increasing by 27% to $890,000 up until the March quarter of this year, according to data from the Real Estate Institute of Victoria (REIV). 
However, growth has since slowed in the June quarter, with the median house price standing at $868,000, down by 0.2% year-on-year, and down 2.5% from the March quarter, updated REIV figures show.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/2013/larry_uploads/williamstown.jpg" alt="williamstown" width="470" height="324">
REIV chief executive officer Enzo Raimondo told Property Observer that “the share of million-dollar home sales has nearly tripled from 12% to 33%” in the last five years.  “It peaked at around 37% of sales in June 2010 and has hovered at around 30% since then,” Raimondo said.  He added that the growth in overall median house price is reflected in the increased activity at the top end of the market.  The most expensive property sold so far in 2013 was a 4-bedroom house along the Esplanade that sold for $2.52 million.  Located 8 kilometres from the Melbourne CBD, Williamstown is a heritage area known for 1800s architecture.
Today, it is a popular area for visitors, with an abundance of cafes, restaurants and bars that overlook Hobsons Bay.  According to the latest RP Data report, the median sale price of houses in Williamstown is $911,500, up 2.4% on last year. The average discount required to sell a house is 6.9%, while private treaty sales average 81 days on market.  The median asking rent for houses in Williamstown is currently $550 per week, while the average rental yield currently stands at 3.1%.  Homes that have sold above the $1.5 million mark include:  - 41 Electra Street (pictured below), a 1850s Williamstown home sold at auction for $1.901 million through Adrian Butera of Compton Green Real Estate Williamstown and Yarraville.   The property was listed with a price guide of between $1.7 million to $1.9 million.  The five-bedroom home features both period and contemporary finishings. The front half of the home retains old-world charm with two large bedrooms, tall ceilings, an original fireplace and a character-rich loungeroom.  It was initially listed with expectations of $1.8 million to $2 million last August, according to RP Data records. 
{yoogallery src=[images/stories/2013/07/july23williamstown1]}
 - 16 Pasco Street (pictured below), which sold for $1.5 million through Sweeney Estate Agents Williamstown.  The four-bedroom two-storey Victorian home features a double frontage, an open living and dining area, as well as a designer kitchen.  It also boasts a plunge pool, as well as a barbecue area.  The house was listed for sale in May this year with a price guide of $1.4 million to $1.5 million, and spent 27 days on the market, according to RP Data records.  Prior to this, the house was also listed for sale in 1999, and spent 113 days on the market. 
{yoogallery src=[images/stories/2013/07/july23williamstown2]}
</body></html>

dleow-BGaNPbHWyK

Williamstown house price growth slows after strong gains

<html><body>
I’m never sure what to make of figures from the Real Estate Institute of Victoria. The latest offering, covering price movements in the June quarter, has added to the confusion.
As Property Observer reported on Friday, the <a target="_blank" href="https://www.propertyobserver.com.au/residential/melbourne-s-median-house-price-up-24-in-june-quarter-reiv/2013071963433">REIV claims a 2.4% increase in Melbourne’s median house price in the June quarter</a>. But the rise was made possible only be a downward revision of the previously-trumpeted March quarter result.
Originally, the <a target="_blank" href="https://www.propertyobserver.com.au/victoria/melbourne-experiences-strongest-march-quarter-price-growth-for-a-decade-with-51-boost-to-%24561000-median-reiv/2013041260356">REIV said the median house price had risen to $561,500 in the March quarter</a> and claimed this was “the strongest March quarter in over a decade”. But now we’re told the real figure for the March quarter was $549,000.
That “strongest result in 10 years” figure, and all the publicity it attracted, never existed.
And without that 2.23% downward revision of the March quarter median, there would have been no growth to speak about for the June quarter.
This calls into question the validity of the latest data which, among other things, claims an 8.4% annual rise in Melbourne’s median house price.
If that were so, Melbourne would be the national leader on house price growth, topping Darwin and Perth. The Herald Sun enthusiastically reported that Melbourne’s housing market had “taken a $44,000 step towards recovery” after “an impressive 8.4% was added to the city’s median house price”.
I’m not sure what to believe. This is especially so because data from other sources does not concur with the REIV figures.
In the March quarter, other research sources recorded only minor annual growth for Melbourne. The Australian Bureau of Statistics reported an annual rise of 1.1% while RP Data said house values were up just 0.3%. But the REIV saw a rise of almost 5%.
The REIV’s figures for the June quarter claim a quarterly rise of 2.4% and an annual rise of 8.4. But RP Data has reported a quarterly decrease of 0.5% in its value index for Melbourne houses and an annual rise of only 3.3%.
Will the September quarter figures from the REIV report another surge in values, assisted by a downward revision of the June data?
I’m particularly skeptical because this is not unusual. REIV figures are always more bullish than those from other sources like RP Data, the ABS and Australian Property Monitors.
We can debate different methodologies and the conflicting results they produce, but there’s a consistent pattern over a number of years of the institute reporting growth figures that don’t correlate with anyone else’s data, including on prices and auction clearance rates.
My view, as <a href="/news">I prepare to discuss Melbourne in detail at the Property Observer webinar</a> on 31 July, is that there is moderate growth in the city’s markets overall, but it’s nowhere near the optimistic view from the REIV.
Terry Ryder is the founder of <a rel="nofollow" href="https://www.hotspotting.com.au/" target="_blank">hotspotting.com.au</a>
</body></html>

terryryder-YECXbqmri2

The REIV's "strongest March quarter in over a decade" for Melbourne never actually existed: Terry Ryder

<html><body>
Property investors with a "lazy" $500,000 to spend can buy "a substantially better than average house in Mildura" in the Murray outback region in northern Victoria, according to Herron Todd White’s latest market report, which examines investment opportunities under half a million. 
For investors looking to spend $500,000 on an investment property in this region HTW report recommends “instead buying two cheaper properties with a total value of up to $500,000.” 
With “gross rental returns at around 6% for residential property in the $180,000 to $300,000 bracket, but drop off to around 4% for properties valued at over $400,000,” said HTW valuers. 
Houses around the $180,000 to $300,000, provide opportunities to buy either a 1980s or early 1990s three to four bedroom home, sitting on 650 to 800 square metres. 
The other option “is to buy a newer three bedroom townhouse on a low maintenance lot of around 350 square metres, both will offer similar rental returns,” said HTW. 
“While much of the recent construction in Mildura has been aimed at the rental market, rather than owner-occupiers, demand for rental accommodation remains strong, and we foresee no dramatic increase in vacancy rates in the medium term.” 
</body></html>

gwestgarth-UNyZGFyQQF

Murray region offers 6% gross return opportunity for sub-$500,000 investors: HTW

<html><body>
The Melbourne median unit price rose 2.8% over the June quarter to $464,500, according to the latest figures from the Real Estate Institute of Victoria.
This follows the March quarter unit median being downardly revised down $456,000 to $452,000.
Unit prices marginally outperformed house prices, which recorded gains of 2.8% over the June quarter.
The strongest gains for units were recorded in the middle Melbourne suburbs, where prices were up 3.5% to $494,500.
Unit prices were up 2.6% in inner Melbourne and 1.3% in the outer suburbs.
The top peforming unit market over the quarter (with more than 30 sales) was Hawthorn with prices up 20.5% to a median of $469,250.
Over the June quarter a two-bedroom apartment  at <a target="_blank" href="https://www.realestate.com.au/property-apartment-vic-hawthorn-112980723">492 Glenferrie Road </a>sold for $480,000 through Elliott Gill of Jellis Craig Bennison Mackinnon - South Yarra. It previously sold for $370,000 in March 2009, equating to annual growth of around 7%.
Another sale during the quarter was a one-bedroom apartment at 377 Burwood Road which sold for $317,000 through Reilly Waterfield of Hocking Stuart. This was above the price guide of between $285,000 and $305,000
In July a two-bedroom apartment in a  28 Pine Street, which also sold through Reilly Waterfield for $580,000. Another two-bedroom unit in the same complex sold for $550,000 in June last year.</body></html>

lschlesinger-FZcF9M3vE6

Melbourne unit prices up 2.8% in June quarter with Hawthorn units up 20.5%

<html><body>
Median house prices in the key Victorian regional centres of Geelong, Bendigo and Ballarat were flat in the June quarter in comparison to Melbourne which experienced a 2.4% increase in its house median prices, according to the latest REIV report. 
The REIV recorded a 0.8% decline in the median regional Victorian house price to $306,000 compared with $308,500 in the March quarter.
Over the past 12 months, regional house prices have gone nowhere - down a marginal 0.6% - with the vacancy rate increasing slightly from 3.3% in March to 3.7% in June.
Consistent with this the median rent for a house in regional Victoria reduced from $300 per week to $295.
The top performing regional municipality was Murrindindi in the north-east of the state, which includes the towns of Alexandra, Eildon, Kinglake and Yea, and where house prices rose 16.5% over the quarter to a median of $430,000 - they are up nearly 24% over the past 12 months.
Another strong performer was Moyne (which includes the regional town of Warrnambool), with a near 12% gain in its median house price over the June quarter to $327,000. However, prices in Moyne are still down 3.8% for the year.
There were also relatively strong regional gains in Baw Baw (5% for the quarter, 6.8% for the year), on the Surf Coast Shire (Torquay) with house prices up 4.27% over the quarter to a median of $610,000.
However, there were 7% declines in Hepburn, which includes the spa town of Daylesford ($337,000) and the Victorian Pyrenees wine region, which includes the town of Avoca, with the median house price falling $200,000 - suggesting challenges for tourism- dependent markets.
Regional Victoria by municipality (best to worst over June quarter)
<table cellspacing="0" cellpadding="0" border="0" style="width: 470px;">
<colgroup>
<col width="189">
<col width="70">
<col width="70">
<col width="70">
<col width="70">
<col width="70">
</colgroup>
<tbody>
<tr height="16">
<td width="189" height="16"></td>
<td width="70"></td>
<td width="70"></td>
<td width="70"></td>
<td width="70"></td>
<td width="70"></td>
</tr>
<tr height="33">
<td height="33">Area</td>
<td width="70">Jun-13 Median</td>
<td width="70">Mar-13 Median</td>
<td width="70">Jun-12 Median</td>
<td width="70">Quarterly Change</td>
<td width="70">Annual Change</td>
</tr>
<tr height="16">
<td height="16">MURRINDINDI</td>
<td align="right">$430,000</td>
<td align="right">$369,000</td>
<td align="right">$347,500</td>
<td align="right">16.53%</td>
<td align="right">23.70%</td>
</tr>
<tr height="16">
<td height="16">MOYNE</td>
<td align="right">$327,000</td>
<td align="right">$292,500</td>
<td align="right">$340,000</td>
<td align="right">11.79%</td>
<td align="right">-3.80%</td>
</tr>
<tr height="16">
<td height="16">BAW BAW</td>
<td align="right">$315,000</td>
<td align="right">$300,000</td>
<td align="right">$295,000</td>
<td align="right">5.00%</td>
<td align="right">6.80%</td>
</tr>
<tr height="16">
<td height="16">SURF COAST SHIRE</td>
<td align="right">$610,000</td>
<td align="right">$585,000</td>
<td align="right">$586,500</td>
<td align="right">4.27%</td>
<td align="right">4.00%</td>
</tr>
<tr height="16">
<td height="16">CAMPASPE</td>
<td align="right">$270,000</td>
<td align="right">$260,000</td>
<td align="right">$263,000</td>
<td align="right">3.85%</td>
<td align="right">2.70%</td>
</tr>
<tr height="16">
<td height="16">CENTRAL GOLDFIELDS</td>
<td align="right">$198,750</td>
<td align="right">$195,000</td>
<td align="right">$199,500</td>
<td align="right">1.92%</td>
<td align="right">-0.40%</td>
</tr>
<tr height="16">
<td height="16">MOUNT ALEXANDER</td>
<td align="right">$369,000</td>
<td align="right">$365,000</td>
<td align="right">$365,000</td>
<td align="right">1.10%</td>
<td align="right">1.10%</td>
</tr>
<tr height="16">
<td height="16">MACEDON RANGES</td>
<td align="right">$485,000</td>
<td align="right">$480,000</td>
<td align="right">$485,500</td>
<td align="right">1.04%</td>
<td align="right">-0.10%</td>
</tr>
<tr height="16">
<td height="16">HORSHAM</td>
<td align="right">$220,000</td>
<td align="right">$218,000</td>
<td align="right">$210,000</td>
<td align="right">0.92%</td>
<td align="right">4.80%</td>
</tr>
<tr height="16">
<td height="16">CITY OF BALLARAT</td>
<td align="right">$287,500</td>
<td align="right">$285,000</td>
<td align="right">$285,000</td>
<td align="right">0.88%</td>
<td align="right">0.90%</td>
</tr>
<tr height="16">
<td height="16">WARRNAMBOOL</td>
<td align="right">$324,500</td>
<td align="right">$322,000</td>
<td align="right">$320,000</td>
<td align="right">0.78%</td>
<td align="right">1.40%</td>
</tr>
<tr height="16">
<td height="16">EAST GIPPSLAND</td>
<td align="right">$278,000</td>
<td align="right">$276,000</td>
<td align="right">$265,000</td>
<td align="right">0.72%</td>
<td align="right">4.90%</td>
</tr>
<tr height="16">
<td height="16">MITCHELL</td>
<td align="right">$320,000</td>
<td align="right">$319,000</td>
<td align="right">$319,000</td>
<td align="right">0.31%</td>
<td align="right">0.30%</td>
</tr>
<tr height="16">
<td height="16">MILDURA</td>
<td align="right">$225,000</td>
<td align="right">$224,500</td>
<td align="right">$220,000</td>
<td align="right">0.22%</td>
<td align="right">2.30%</td>
</tr>
<tr height="16">
<td height="16">BASS COAST</td>
<td align="right">$382,500</td>
<td align="right">$382,500</td>
<td align="right">$410,000</td>
<td align="right">0.00%</td>
<td align="right">-6.70%</td>
</tr>
<tr height="16">
<td height="16">CITY OF GREATER BENDIGO</td>
<td align="right">$310,000</td>
<td align="right">$310,000</td>
<td align="right">$300,000</td>
<td align="right">0.00%</td>
<td align="right">3.30%</td>
</tr>
<tr height="16">
<td height="16">CITY OF GREATER GEELONG</td>
<td align="right">$385,000</td>
<td align="right">$385,000</td>
<td align="right">$380,250</td>
<td align="right">0.00%</td>
<td align="right">1.20%</td>
</tr>
<tr height="16">
<td height="16">MOORABOOL</td>
<td align="right">$360,000</td>
<td align="right">$360,000</td>
<td align="right">$341,000</td>
<td align="right">0.00%</td>
<td align="right">5.60%</td>
</tr>
<tr height="16">
<td height="16">QUEENSCLIFFE</td>
<td align="right">$700,000</td>
<td align="right">$700,000</td>
<td align="right">$690,000</td>
<td align="right">0.00%</td>
<td align="right">1.40%</td>
</tr>
<tr height="16">
<td height="16">WODONGA</td>
<td align="right">$249,500</td>
<td align="right">$250,000</td>
<td align="right">$285,000</td>
<td align="right">-0.20%</td>
<td align="right">-12.50%</td>
</tr>
<tr height="16">
<td height="16">SOUTH GIPPSLAND</td>
<td align="right">$238,500</td>
<td align="right">$239,000</td>
<td align="right">$265,000</td>
<td align="right">-0.21%</td>
<td align="right">-10.00%</td>
</tr>
<tr height="16">
<td height="16">MOIRA</td>
<td align="right">$225,000</td>
<td align="right">$225,500</td>
<td align="right">$227,750</td>
<td align="right">-0.22%</td>
<td align="right">-1.20%</td>
</tr>
<tr height="16">
<td height="16">CITY OF GREATER SHEPPARTON</td>
<td align="right">$250,000</td>
<td align="right">$251,000</td>
<td align="right">$240,000</td>
<td align="right">-0.40%</td>
<td align="right">4.20%</td>
</tr>
<tr height="16">
<td height="16">GOLDEN PLAINS</td>
<td align="right">$332,000</td>
<td align="right">$335,000</td>
<td align="right">$361,500</td>
<td align="right">-0.90%</td>
<td align="right">-8.20%</td>
</tr>
<tr height="16">
<td height="16">WELLINGTON SHIRE</td>
<td align="right">$250,000</td>
<td align="right">$254,000</td>
<td align="right">$275,000</td>
<td align="right">-1.57%</td>
<td align="right">-9.10%</td>
</tr>
<tr height="16">
<td height="16">ARARAT</td>
<td align="right">$150,000</td>
<td align="right">$152,500</td>
<td align="right">$170,000</td>
<td align="right">-1.64%</td>
<td align="right">-11.80%</td>
</tr>
<tr height="16">
<td height="16">CITY OF LA TROBE</td>
<td align="right">$236,250</td>
<td align="right">$243,000</td>
<td align="right">$250,000</td>
<td align="right">-2.78%</td>
<td align="right">-5.50%</td>
</tr>
<tr height="16">
<td height="16">GLENELG</td>
<td align="right">$240,000</td>
<td align="right">$250,000</td>
<td align="right">$252,000</td>
<td align="right">-4.00%</td>
<td align="right">-4.80%</td>
</tr>
<tr height="16">
<td height="16">STRATHBOGIE</td>
<td align="right">$302,500</td>
<td align="right">$316,250</td>
<td align="right">$242,500</td>
<td align="right">-4.35%</td>
<td align="right">24.70%</td>
</tr>
<tr height="16">
<td height="16">CORANGAMITE</td>
<td align="right">$200,000</td>
<td align="right">$212,000</td>
<td align="right">$162,500</td>
<td align="right">-5.66%</td>
<td align="right">23.10%</td>
</tr>
<tr height="16">
<td height="16">PYRENEES</td>
<td align="right">$200,000</td>
<td align="right">$215,000</td>
<td align="right">$210,000</td>
<td align="right">-6.98%</td>
<td align="right">-4.80%</td>
</tr>
<tr height="16">
<td height="16">HEPBURN</td>
<td align="right">$337,000</td>
<td align="right">$362,500</td>
<td align="right">$368,000</td>
<td align="right">-7.03%</td>
<td align="right">-8.40%</td>
</tr>
</tbody>
</table>
Source: <a target="_blank" href="https://www.reiv.com.au/News_Publications/News%20Archive.aspx?newsID=%7BE2DD0950-484E-44A2-A119-04A66B1E4F27%7D&amp;title=Regional%20house%20prices%20stable%20in%20the%20June%20quarter">REIV</a>
The major regional markets were flat.
"Median house prices in key regional centres were stable with a 0.9% rise in Ballarat to $287,500; no change to the $310,000 recorded in Bendigo during the March quarter; and no change to the $385,000 recorded a quarter ago in Geelong," REIV CEO Enzo Raimondo said.
The top performing suburbs with the largest quarterly change in median prices in these three cities were Lake Wendouree in Ballarat with 13.88% and median price of $595,000, Maiden Gully in Greater Bendigo with 6.30% (median price of $425,000) and Barwon Heads in Greater Geelong with 11.03% (median of $755,000).
The Geelong market appears to have taken the recent announcements of job cuts or future job cuts at Ford, Target and other companies in its stride. House prices are up 1.2% over the past 12 months with Barwon Heads prices up 17.1% over the past 12 months and East Geelong prices up an impressive 21.4% over the past 12 months to a median of $437,000.
Outside of the main regional centres, the results were a mixed bag of the June quarter.
Many regional markets recorded either flat or declining house prices with Shepparton, house prices down 0.4% to a median of $250,000, Horsham recording a modest gain of 0.8% to a median of $220,000, Mildura up 0.22% to a median of $225,000 and prices almost unchanged in Mitchell, Moira and Moorabaool.
The REIV notes that demand was strong in the Macedon Ranges and the Mount Alexander Shire with a 1% and 1.1% rise respectively. 
"These two municipalities are part of the popular Melbourne to Bendigo corridor and as the data is based on the sales over the twelve months to end of each quarter the change is quite significant," says the REIV's spokesperson Robert Larocca.
Picture courtesy of goodmove.vic.gov.au.
</body></html>

Regional Victorian house prices flat in June quarter, but Murrindindi among growth spots

<html><body>
Furious buyers of apartments in Pace Development Group’s Evo Apartments in Parkville are bandying together following news that the development is likely to be surrounded by freeways under the Victorian government's East West Link plans.
A website – noroadtunnel.com - has been set up by worried investors, some of whom signed bank guarantees in lieu of deposits just a few weeks ago.
They also took part in a Greens rally against development of the tunnel on Sunday joining residents and business owners who are set to lose their homes and properties from compulsory acquisition as well as Melburnians who fear the loss of pristine parkland.
Evo is due to be completed in November with current plans for the development of the East West Link and tunnel suggesting elevated freeways forming a triangle around the seven level apartment block featuring 175 apartments.
Off the plan investor James Egan, who represents a group of more than 10 buyers, says marketing material sent out about the development made no mention of the possible impact of the East West link.
“There was no mention of it all. They said Evo would be well north of any future development,” he told Property Observer.
Pace's Evo website makes no mention of the East West link.
Egan says he has visited the area along with other investors and has spoken to local residents who have received letters about possible acquisition of their properties from Linking Melbourne Authority, the Victorian government body in charge of the project.
“On the southern side of Evo, it looks to be only about 10 metres away from the proposed ramp," says Egan.
It's also the same side that residents in blocks of units have been issued with letters about the site being acquired for the tunnel.
“We have bombarded Pace with calls and we have are trying to band together as many as possible,” he says.
Another angry investor commented on Property Observer that he could not believe Pace would complete the development and expect owners to settle when it's going to sit “right smack bang in the middle of the East West link”.
Lawyers for Pace met with Linking Melbourne Authority last week, describing the meeting as “productive and informative” but with no details as to what exactly is being discussed.
“At this stage we are keeping those directly involved as up to date as possible, and as developments progress we will be issuing statements as necessary,” said a spokesperson for Pace.
The Greens rally was organised by deputy leader and member for Melbourne, Adam Bandt.
He says the government’s latest release of designs and letters sent to residents foreshadowing the acquisition of their homes is creating fear.
“It’s completely unfair to leave people in limbo by saying it will be another year before any specific property acquisition notices go out,” he says.
“We shouldn’t be wrecking people’s homes and precious parkland for another toll road that’s economically unsustainable and that won’t fix traffic congestion.”
The Greens want investment in public transport to fix congestion on Alexandra Parade and the Eastern Freeway by building a rail line to Doncaster and building Metro Rail. 
Earlier this year Bandt introduced a bill to prioritise the $3 billion committed to Metro Rail over any federal contribution to East West toll road.
</body></html>

Angry off the plan Evo apartment investors join Greens to protest East West Link Parkville plans

A converted warehouse loft-style apartment in Abbotsford has sold after auction in the mid $800,000 range.&nbsp;

The property went to recent auction with a price guide of $800,000 to $870,000 but passed in.

After negotiations with a bidder, it sold the next day at an undisclosed price.

Located in the former BYFAS silk mill building at 8 Trenerry Crescent, the BYFAS lofts were the first stage of the Yarra Falls development.

The apartment is one of 38 apartments and includes two bedrooms, two bathroom and five-metre high ceilings.&nbsp;

The property also features timber flooring and polished concrete, an entertainer&rsquo;s balcony and access to a communal gym.

The circa-1937 BYFAS silk mill manufactured parachute silk during World War II.

The Yarra Falls Mills was established in the 1900s and included a wool weaving mill and the Austral Silk and Cotton Mills.

The apartment last sold in 2007 for around $560,000.

The median apartment price in <a href="/news">Abbotsford</a> is $520,000, a 16.9% growth in the past five years, according to RP Data.

The property was listed with Justine Harris and Ken Griffith of <a href="https://www.hockingstuart.com.au/?pagecall=property&amp;propertyID=2380636" target="_blank">Hockingstuart Richmond</a>.

Latest Victoria Property News

First look: Orchard Piper, James Packer's Kew development revealed

Editor's Picks

Developments

New apartments

New townhouses

News

Latest Victoria Property News

First look: Orchard Piper, James Packer's Kew development revealed

Editor's Picks

Receive the latest news stories to your inbox

Developments

New apartments

New townhouses

News