Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

&nbsp;

Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

Joel Robinson

First look: Harridan plans Burke Street transformation beside Boggo Road transport hub

IN BRIEF

<ul>
	<li>
	Just three double-storey Sky Homes sit at the top of The Waterline, each with its own private marina berth and rooftop terrace.
	</li>
	<li>
	Construction on The Waterline is complete, with the first residents expected to move in from mid-October.
	</li>
	<li>
	Sky Homes range from 282 sqm to 367 sqm and are priced from $3.65 million.
	</li>
</ul>

<hr />
Lewis Land has opened the first completed sky home for inspection at Harbour Shores, giving buyers their first opportunity to step inside one of just three double-storey residences crowning The Waterline.

Each sky home comes with its own private marina berth, rooftop terrace and Broadwater views, combining the scale of a larger home with direct access to the boating lifestyle that underpins the wider <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan.

[smartcode_project:default project_id=113271 project_image_fid=366708]

Lewis Land Head of Development Michael Long said the inclusion of a berth with every Sky Home had become increasingly valuable as marina access across the Gold Coast tightened.

“Marina berths are becoming increasingly difficult to secure across the Gold Coast, so including one with every Sky Home makes this a genuinely rare offering,” Long said.

“The private 70-berth marina will accommodate boats up to 12 metres in length and is positioned just 2.5 kilometres from the Broadwater, placing the open ocean only 15 minutes away.

“Being able to step out of your home onto your boat is a rare luxury, and it’s something residents here can look forward to when it opens later this year.”

[smartcode_project:default project_id=113271 project_image_fid=366709]

The display opening comes as construction completes on The Waterline, with the first residents expected to move in from mid-October.

The three Sky Homes range from 282 sqm to 367 sqm and each feature three bedrooms, three bathrooms, multiple living zones, expansive kitchens with butler's pantries and large balconies taking in the Broadwater outlook.

Each residence also has three secure basement car spaces and additional storage.

“This is the first opportunity the Gold Coast has had to step into Harbour Shores and see, touch and feel what we’re bringing to life here,” Long said.

“There are only three Sky Homes within The Waterline, ranging in size from 282sqm to 367sqm, with each residence featuring three large bedrooms, three bathrooms, multiple living zones, expansive custom-built kitchens with butler’s pantry, and large balconies capturing Broadwater views.”

<img alt="Harbour Shores" data-entity-type="file" data-entity-uuid="bab65e10-4fab-45e1-92d8-fc56e2ab98ff" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%202.00.16%E2%80%AFPM.png?VersionId=XT8q76LsPkw3cYTsvN3JfFDaPLud90PN" />

Residents of The Waterline will have access to a private pool, along with Harbour Shores' wider collection of amenity including a lagoon pool, social clubhouse, tennis court, gym, yoga facilities and sauna.

Lewis Land partnered with Studio Collective to furnish the completed display, with the interiors designed to demonstrate how the residences could function as permanent homes rather than simply as show apartments.

Studio Collective Director Melissa Park said the surrounding waterways informed the interiors, but in a more restrained way than a traditional coastal scheme.

“We drew inspiration from the canals and coastal surrounds, but our approach was to interpret that subtly through layered materials and a grounded palette of earthy tones, rather than literal coastal references,” Park said.

“We introduced hero moments of green and teal to reference the surrounding waterways, while mirrored elements help reflect natural light.

“The result is a residence that feels elevated yet comfortable, somewhere buyers can genuinely imagine themselves living, entertaining and unwinding.”

Sky Homes are priced from $3.65 million.

Lewis Land is also offering private marina berths with The Residences, its limited collection of three and four-bedroom villas positioned directly along the Harbour Shores waterfront boardwalk.

Three-bedroom villas are priced from $2.99 million, while four-bedroom residences start from $3.19 million.

Harbour Shores is being marketed by Colliers International.

[smartcode_project_cta:default project_id=113271]

Lewis Land opens sky home display as The Waterline completes at Harbour Shores

St Vincent de Paul Society Housing Australia has filed plans for a major mixed-use housing precinct on the southern edge of the North Sydney CBD, adding another significant proposal to a pocket around North Sydn​ey Station that is quickly becoming one of the LGA's busiest development zones.

The State Significant Development Application covers a 5,990 sqm site at <a href="https://www.apartments.com.au/new-apartments/1-19-mackenzie-street-lavender-bay-nsw-2060">1-19 MacKenzie Street and 211 Blues Point Road in Lavender Bay</a>, immediately south of Nor​th Sydney Station and between the commercial core and the lower-rise Lavender Bay Heritage Conservation Area.

Designed by Wardle, the proposal would deliver a new residential tower comprising 88 build-to-sell apartments and 19 affordable apartments, alongside a separate co-living building with 57 rooms and a building manager's studio.

It would also see the significant restoration and upgrade of St Francis Xavier Catholic Church, the adaptive reuse of the former school building, new parish facilities, retail, a new public square and around 1,000 sqm of publicly accessible open space.

<img alt="Vinnies North Sydney" data-entity-type="file" data-entity-uuid="d5dd7f87-a617-463e-b577-17541e01f0e9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.10.13%E2%80%AFAM.png?VersionId=4R8TsFN3P_LrrXO2HswTOIrx2blil8lh" />

The project is seeking a concurrent rezoning of the site to R4 High Density Residential and an increase in the maximum building height to allow a tower reaching RL120, or up to 20 storeys. The proposal was progressed through the NSW Government's Housing Delivery Authority pathway.

The build-to-sell component will be weighted toward larger apartments, with just six one-bedroom apartments compared with 31 two-beds, 43 three-beds and eight four-bedroom residences.

The 19 affordable apartments will comprise two studios, 15 one-bedroom apartments and two two-bedroom apartments, taking the total apartment component to 107 residences before the 58 co-living rooms are included.

<img alt="Vnnies" data-entity-type="file" data-entity-uuid="7d568ca5-cb90-4e18-96c6-d9795dba0c56" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.10.05%E2%80%AFAM.png?VersionId=GY2R5M9VtQh0EKy1vajaea19PSLOPuRD" />

Wardle's design for the Vinnies site has sought to negotiate that emerging high-rise context while retaining the lower-scale character of MacKenzie Street and the adjoining heritage conservation area.

The main building adopts a three-storey podium and tower arrangement, with the podium aligned to the ridgeline and front setback of St Francis Xavier Church.&nbsp;Wardle has designed the podium with colonnades, seating, recessed entries and active ground-floor frontages, with sandstone-toned precast concrete and face brick referencing the materiality of the existing church.

The tower then steps back eight metres to the south and six metres to the north before rising in a sculpted form comprising four interlocking quadrants. Wardle has also introduced rounded forms and chamfered corners to reduce the tower's perceived bulk and improve view sharing with neighbouring development sites.

Resident facilities and outdoor areas are planned at the separation between the podium and tower at Level 3, oriented toward Sydney Harbour and the CBD skyline.

The tower itself will feature a glass reinforced concrete facade, with recessed balconies and deep reveals used both to provide shading and privacy and frame views toward the harbour and city. The lower levels take a different architectural approach, using brick and sandstone-toned finishes intended to establish a stronger relationship with St Francis Xavier Church. The Church itself will be conserved and upgraded for its continued use, while the former school building will be adaptively reused as part of the co-living component.

<img alt="Lavendar Bay" data-entity-type="file" data-entity-uuid="2d4418ad-90aa-4d49-af93-c80b140aea80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.09.47%E2%80%AFAM.png?VersionId=Kv4gzbsACaGvZSRuaqcfGC54jEJRXIDJ" />

&nbsp;

The proposal adds to an increasingly concentrated pipeline of residential development around Blue Street, MacKenzie Street and Lavender Bay.

Just west of the site, Central Element lodged plans earlier this year for one of the most significant residential developments proposed in Lavender Bay in recent years.

Central Element's SJB-designed scheme at 64-66 Lavender Street and 3-7 Middlemiss Street would deliver 163 apartments across two towers rising 23 and 32 storeys, replacing five existing apartment buildings containing 32 homes. The project also forms part of the Housing Delivery Authority pathway.

<a href="https://www.apartments.com.au/news/nsw/first-look-central-element-reveals-lavender-bay-apartment-plans?utm_source=chatgpt.com" rel="noopener" target="_blank">First look: Central Element reveals Lavender Bay apartment plans</a>

Immediately around North Sy​dney Station, another two significant proposals have emerged at 5 and 15 Blue Street.

Zurich Australian Insurance Properties is seeking to adaptively reuse its longstanding commercial building at 5 Blue Street, directly above North Sydney Station, rather than demolishing the structure.

Its SSDA proposes converting the building into a 14-storey mixed-use development with 62 apartments and 86 co-living rooms, together with ground-floor retail and a major refurbishment of Blue Street Plaza. The application is currently at the Response to Submissions stage.

<a href="https://www.apartments.com.au/news/nsw/first-look-zurich-targets-north-sydney-office-conversion-with-148-unit-proposal-above-metro-station">First look: Zurich targets North Sydney office conversion with 148-unit proposal above Metro station</a>

&nbsp;

First look: Vinnies files for 20-storey Lavender Bay apartment tower as North Sydney housing pocket heats up

When the opportunity arose for South Australian developer Palumbo to return to Kent Town, where it had previously delivered East Park Apartments and the East 
Rundle Apartments, it wasn't one the longstanding developer-builder was going to pass up.

The decision was quickly vindicated, with more than 30 apartments sold within the first month of launching <a href="https://www.apartments.com.au/new-apartments/royal-apartments-kent-town-2-8-north-terrace-kent-town-sa-5067">Royal Apartments</a> to the market.

The 206-apartment development, which will bring significant new supply to Adelaide's tightly held eastern city fringe, also gives <a href="https://www.apartments.com.au/developers/palumbo">Palumbo</a> the opportunity to bring new life to one of Kent Town's most recognisable watering holes.

[smartcode_project:default project_id=6109 project_image_fid=376073]

Royal Apartments incorporates the historic Royal Hotel, a venue Palumbo Managing Director Daniel Palumbo said has a longstanding connection with the local community.

"Everyone in the area has history with the Royal Hotel," Palumbo told Apartments.com.au.

"It was quite an active pub and social gathering place for locals. We want to bring it back to its former glory."

[smartcode_project:default project_id=6109 project_image_fid=376072]

The wider development will comprise two residential towers alongside the restored hotel, sitting on North Terrace opposite the Adelaide Park Lands.

For Palumbo, the project also marks a return to familiar territory.

The developer completed East Park Apartments next door more than a decade ago and jumped at the opportunity to develop in Kent Town again when the Royal Hotel site became available.

"The opportunity emerged, and we moved to secure the site," Palumbo said.

"We were approached by the previous landowner, who said they had extensive commitments in Sydney and weren't in a position to deliver the project.

"We took over the site and within six months recut the design scheme to be more in keeping with the type of development we want to bring to Adelaide.

"Now we're on the market and those changes have really resonated with local buyers."

That has translated into a strong start to sales, with 33 apartments transacting in the project's first 35 days.

Palumbo said the early purchaser profile had been consistent with the group's traditional focus on owner-occupiers rather than investor-led apartment stock.

"Local owner-occupiers have always been our market," he said.

"There are always some investors, but we've never developed what would be called traditional development stock. Owner-occupiers are very much our market."

[smartcode_project:default project_id=6109 project_image_fid=376068]

The buyer mix has been diverse so far, with downsizers and younger professionals both accounting for a significant portion of early sales.

South Australia's current stamp duty settings, which allow&nbsp;eligible homeowners in South Australia aged 60 savings of up to $103,830 on stamp duty when they downsize to a new property valued at up to $2 million,&nbsp;have helped encourage downsizer activity, while younger buyers in their late 20s and early 30s have been attracted to the opportunity to live immediately outside the CBD while still being able to walk into the city.



Location has been a major part of the proposition for both buyer cohorts.

[smartcode_project:default project_id=6109 project_image_fid=376075]

Royal Apartments sits on North Terrace directly opposite the Adelaide Park Lands, with residents able to walk through the parklands toward the East End, Rundle Street and Rundle Mall.

Apartments have been positioned to capture views across the parklands, Adelaide skyline, Botanic Gardens and Adelaide Hills.

Palumbo believes the scarcity of developable land along this section of the Park Lands makes the site particularly difficult to replicate.

"There's very few allotments on that side that can be developed," he said.

"If this location was in New York and you were sitting on Central Park, you'd be talking about a $60 million apartments."

Royal Apartments will offer a broad mix of residences, ranging from one-bedroom apartments through to four-bedroom sub-penthouses and penthouses.

Current listings include one-bedroom apartments from $680,000, while larger three and four-bedroom residences are priced around $2.5 million.

Residents will have access to a swimming pool, gym, barbecue and recreation areas, residents' lounge and dining space, and a communal deck.

[smartcode_project:default project_id=6109 project_image_fid=376067]

The apartments will feature generous balconies, while secure parking, bicycle storage and storage cages will also be provided.

A porte-cochère-style arrival and drop-off area has also resonated with buyers, particularly those attracted to being able to walk into the CBD during the day while retaining secure vehicle access at home.

Palumbo is acting as developer, architect and builder on Royal Apartments, continuing the vertically integrated model it has used across its South Australian portfolio.

The group was also behind the $150 million Sofitel Adelaide, the 251-room five-star hotel and residential tower which opened in 2021.

Palumbo said Royal's launch had come at an interesting time for the broader Adelaide apartment market.

Buyer confidence had initially been impacted by uncertainty surrounding the Federal Budget and broader economic conditions, but Palumbo believes sentiment is beginning to improve against a backdrop of significant investment flowing into South Australia.

He pointed to increased activity across defence and resources, including Olympic Dam, as potential long-term drivers of the state's economy and housing market.

"Money is starting to flow into Adeliade, significant amounts as Adelaide bucks the trend of the rest of the country.," Palumbo said.

"There's a lot of activity in the economy over the next decade. I think more investment will come into this market."

Early works on Royal Apartments are expected to commence this year, with major construction activity and cranes anticipated on site from early next year.

[smartcode_project_cta:default project_id=6109]

Palumbo's return to Kent Town strikes early chord with buyers

Go-to builder-developer <a href="https://www.apartments.com.au/developers/graya">GRAYA</a> is continuing to bulk out its already impressive and diverse apartment portfolio across South East Queensland. Their latest milestone is securing development approval for Silk, its boutique riverfront apartment development in St Lucia.

The approval clears&nbsp;the way for the team to begin construction planning for the 22-residence project.

<a href="https://www.apartments.com.au/new-apartments/silk-st-lucia-16-18-sandford-street-st-lucia-qld-4067">Silk</a> will rise 15 levels from an 810 sqm site at 16-18 Sandford Street, occupying a prominent bend of the Brisbane River with a prized northern aspect across Orleigh Park toward the Brisbane CBD.

The approved scheme will comprise 16 split-floor and six full-floor residences, continuing GRAYA's move into larger-format apartment developments targeting Brisbane's prestige owner-occupier market.

The project has been designed around the site's broad river frontage and dual-direction views, with GRAYA prioritising larger residences, privacy and outlook over apartment yield.

<img alt="Silk St Lucia" data-entity-type="file" data-entity-uuid="aa5c2349-f96c-4914-a812-1f2cd6827af8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%208.25.44%E2%80%AFAM.png?VersionId=WY0vEU_7vYjeRJKQHiCwFdMxu8PvFh52" />

GRAYA Co-founder and Chief Executive Officer Rob Gray said the project had been shaped around local homeowners wanting to remain in St Lucia without maintaining a traditional family home.

"St Lucia is one of those suburbs people do not want to leave," Gray said.

"They know the river, the trees, UQ, the golf course, Toowong and Indooroopilly, and that familiarity is hard to replace.

"True riverfront opportunities here are exceptionally scarce. What we have designed at Silk is a way to stay in the suburb people love, with the scale and privacy of a private home and far less to maintain.

"This is not typical apartment product. It is a proper home on the river, and that is exactly what this market has been missing."

The approval comes as new apartment development continues to increase across the St Lucia and neighbouring Toowong corridor, although direct riverfront sites remain considerably more tightly held.

GRAYA Co-founder and Managing Director Andrew Gray said securing the approval had removed a significant element of development risk from Silk.

"Genuine riverfront sites of this quality in St Lucia are not something that comes up regularly," Gray said.

"The approval removes a substantial layer of execution risk, and the location underwrites demand in a way very few inner-city sites can.

"The fundamentals here are as strong as anything we have assessed in Brisbane."

<img alt="Silk St Lucia" data-entity-type="file" data-entity-uuid="d0f3d734-65e1-48e8-8ed3-2e0715ffcdd9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%208.25.56%E2%80%AFAM.png?VersionId=sOLSs_jdHkXLWbBKzRyayf5BfTb2vPsD" />

Silk will see GRAYA return to a stretch of the Brisbane River where it already has recent construction experience. The vertically integrated group recently completed ARC in neighbouring Toowong as builder for developer Spyre, delivering the riverfront project on a constrained site.

GRAYA will take a different role at Silk, controlling the project from design and development through construction and aftercare under its vertically integrated model.

The development will include a gym and resident leisure areas at ground level, integrated with the river's edge.

Silk joins a growing pipeline for GRAYA across Brisbane and the Gold Coast, which includes Enclave, The Gallery, Coral and Ripple.

The developer-builder has also recently lodged plans for its largest project to date, <a href="https://www.apartments.com.au/new-apartments/the-silo-19-chester-street-newstead-qld-4006">The Silo</a>, a proposed <a href="https://www.apartments.com.au/news/qld/graya-buys-frasers-newstead-site-plans-the-silo-between-james-street-and-gasworks-precincts">$700 million mixed-use development</a> in Brisbane's James Street precinct.

Silk is expected to predominantly target local owner-occupiers and prestige buyers seeking a permanent riverfront home in Brisbane's inner west.

Registrations of interest are now open, with further details on the project and construction program to be released as it progresses.

<hr />
<h2>SILK PROJECT FACTS</h2>

Developer-builder: GRAYA

Project: Silk

Location: 16-18 Sandford Street, St Lucia

Apartments: 22

Built form: 15 levels

Site: 810 sqm riverfront holding

Mix: 16 split-floor and six full-floor residences

Status: Development approved

Next step: Construction planning underway

[smartcode_project_cta:default project_id=152168]

GRAYA greenlit for riverfront St Lucia apartment development, Silk

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.

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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?

<a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a> is preparing to commence construction on <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> this October, marking the next milestone for the Melbourne CBD development and its higher-end Eliza Collection.

Spanning levels 44 to 68 of the 68-storey <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed tower, the Eliza Collection has been conceived as a lower-density offering within the broader development, with only five apartments on each floor, dedicated lift access and a collection of resident spaces reserved exclusively for Eliza Collection residents.

The Eliza Collection forms part of Far East Consortium's broader move toward larger-format residences at 640 Bourke Street, where the number of apartments was reduced from earlier plans as apartment sizes increased.

[smartcode_project:default project_id=509 project_image_fid=365685]

"What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Far East Consortium Director of Sales and Marketing Lauren Sheldon said.

Rothelowman Associate Jun Chang said the design process provided an opportunity to create more generous floorplans.

"We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."

[smartcode_project:default project_id=509 project_image_fid=368869]

That thinking carries through to the Eliza Collection, where the residences have been designed around the space and functionality associated with a larger home, but positioned high above the centre of Melbourne.

Kitchens are equipped with Gaggenau appliances, a butler's pantry, temperature-controlled wine cabinet and sculptural pendant lighting, while engineered timber flooring, stone and porcelain finishes and custom cabinetry feature throughout the broader interiors.

Privacy and security are another point of distinction. Eliza Collection residents have dedicated lift access, while 640 Bourke Street will provide concierge services and secure resident parking. Short-stay accommodation, including Airbnb, will not be permitted within the development.

[smartcode_project:default project_id=509 project_image_fid=365689]

Eliza Collection residents will also have exclusive access to selected amenity spaces across levels one and three of the restored Eliza Tinsley building. These include the Salon with grand piano, an art therapy room, private dining rooms and treatment rooms.

They sit within more than 3,000 sqm of amenity planned across 640 Bourke Street, alongside facilities including a pool, gym, whisky lounge and further social and wellness spaces.

The Eliza Tinsley building itself is central to the wider project's identity. Rather than treating the existing Eliza Tinsley façade as a separate element, Rothelowman used it as a starting point for the architecture of the new tower, with the historic building to accommodate the project's gallery and lobby.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

[smartcode_project:default project_id=509 project_image_fid=368872]

The tower will rise behind the retained heritage building at 640 Bourke Street, placing residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market and the Docklands waterfront.

With construction scheduled to begin in October, Far East Consortium has established an onsite display gallery at 640 Bourke Street, including fully built apartments that allow the project's layouts, materials and finishes to be inspected at full scale.

A fully built Eliza Collection apartment is also available to view at the display suite by appointment ahead of the planned October construction commencement.

Eligible purchasers who buy before construction commences can secure the full available off-the-plan stamp duty savings, subject to eligibility and applicable conditions.

[smartcode_project_cta:default project_id=509]

Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

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WBP Property Group chief executive Greville Pabst looks at leafy Melbourne suburb South Yarra through the lens of an astute property buyer. 
Greville labels the area as ‘capital growth central’ and after identifying Domain Road Hill and its surrounding streets as the pinnacle of good buying in the area, he identifies other local streets that carry great potential for property investors. 
It’s difficult to go wrong when investing in South Yarra, with its proximity to the CBD, the Royal Botanic Gardens, the MCG and Melbourne’s premium shopping precinct on Toorak Road and Chapel Street.
Property investors will learn about what they can expect and where they may have to compromise when investing in South Yarra. 
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WBP Property Group's Greville Pabst explores South Yarra

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Craigieburn is the most popular suburb for young buyers in metropolitan Melbourne, followed by Pakenham, Point Cook, Berwick and Tarneit, says the REIV.  
This is because these suburbs are more affordable than those closer to the CBD. Young buyers have not had the time to build up their savings, which reduces their levels of equity, making them more price sensitive, the research found.  
Median house prices in these outer suburbs range from $315,000 to $460,000, typically translating to average mortgage repayments of around $2000 to $3000 per month.  
Regionally, the most popular towns are Traralgon, Mildura, Shepparton, Warrnambool and Grovedale. Median house prices here range from $222,000 to $364,800. This equates to average mortgage repayments of around $1300 to $2300 per month.  
The REIV says the average age of mortgage holders in Victoria is 32, according to the 2011 Census. It estimates that around 19% of individual mortgage holders are aged under 30.
While the REIV analysis confirms the long term trend for young buyers to move to the outer growth suburbs, it says it is ‘’reasonable to expect that, as housing density increases in the inner city, there will also be an increasing number of young buyers there.
‘’However, at this point in time, the overall volumes are low compared to the outer suburbs.’’
This concentration of younger buyers in growing new suburbs has obvious impacts on the provision of services by governments as their children require child care, schools and recreational facilities.
The REIV research found the majority of mortgage holders, 53%, are aged 35-54 with the highest concentration between 40 and 44.
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Young buyers moving to outer Melbourne suburbs: REIV

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A purpose-built student accommodation property in North Melbourne has been listed for sale.
The <a href="https://www.realcommercial.com.au/property-hotel+leisure-vic-north+melbourne-500822239" target="_blank">Jones Lang LaSalle</a> marketing gives a projected net income of $4.6 million for this year. 
RMIT Village, located at 5-17 Flemington Road, can house up to 456 residents in 229 apartments of various configurations. One-bedroom, two-bedroom, three-bedroom, and five-bedroom apartments are available for rent in either 44 or 52-week terms.   
Facilities on site include a gym, pool, study area, games room, bike storage, and a licensed café. It is managed by the Campus Living Villages Fund, which is in turn managed by the Transfield Holdings Group.  
Established in 2007, the Campus Living Villages Fund manages 35,000 beds in Australia, New Zealand, the United Kingdom and the United States as of 12 June this year. Of this, 9,100 beds are located in Australia.  
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The RMIT Village used to be the Old Melbourne Hotel. It is close to Melbourne University and is about 15 minutes away from RMIT.  
The hotel was purchased for $40 million in 2005, and converted into student accommodation by the vendors, Transfield and private developer Tuscan Corporation. The estimated end value of the converted property was $60 million, and the property is expected to attract interest of that value.  
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Jones Lang Lasalle director of student accommodation Conal Newland told Property Observer that the property has been “100% full for the last three years”.  Conal Newland has the property listed with colleague Noral Rich with offers due by August 28.
Newland revealed that 9% of students in Melbourne currently live in purpose-built student accommodation. In comparison, 21% of students in London take up purpose-built student accommodation properties.  
<img alt="northmelbournejuly29three" src="/images/stories/2013/07/northmelbournejuly29three.jpg" width="470" height="265">
“All things being equal, there is a significant shortage of purpose-built student accommodation in Melbourne. This is no different to most of the other major Australian cities,” Newland said.  
“This is a unique opportunity – this property is up and running, and there haven’t been many opportunities like this in the market so far,” Newland added.  
Brisbane-based student accommodation provider The Pad, which currently manages 1,500 beds, recently announced expansion plans to Sydney, Melbourne, and Canberra. This follows the backing of investment group Telopea Capital Partners.
Offers close August 28 for the RMIT student accommodation.
A recent report by the Hong Kong and Shanghai Banking Corporation (HSBC) has found that Australia is the most expensive country for international study, surging ahead of the United States and the United Kingdom.
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Investor interest sought for RMIT village student accommodation

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One of the four Richmond cottages on the hit Nine renovation series The Block 2011 has become available for rent again and the investor will be getting less return on their $860,000 outlay.
Katrina and Amie's house at 41 Cameron Street was the cheapest rental – when listed at $950 a week through Hocking Stuart agent Stephen Chamberlin shortly after the big 2011 auction.
The asking rent for 41 Cameron Street was <a target="_blank" href="https://www.propertyobserver.com.au/victoria/friday-form-guide-yields-of-up-to-7.5-on-the-block/2011081851199/Page-3" title="Friday Form Guide">far higher than what their agent estimated for the possibly unfurnished rental option</a> and at the initial 2011 asking rental, it reflected a 5.74% gross yield.
In July last year it was up for rent again at a $995 asking rent a week and its asking rental reflected around 4.7% rental growth over the year.
But it's now available for lease at <a target="_blank" href="https://www.realestate.com.au/property-house-vic-richmond-408118099">$895 a week </a>through James Delbridge at RT Edgar Boroondara.
The indicative gross rental yield for <a target="_blank" href="/news" title="Richmond">Richmond</a> houses is 3.7%, according to RP Data. There has been a 5% drop in the median house price over the past year to $767,000.
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Your chance to live in the Block - a Cameron Street Richmond cottage at $895 a week

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A studio apartment in South Yarra was the cheapest sale on a recent auction weekend, according to Australian Property Monitors.
The unit at <a href="https://www.realestate.com.au/property-apartment-vic-south+yarra-114168607">1/631 Punt Road</a> sold for $203,500 through Hocking Stuart South Yarra.
The unit was listed with a price guide of $170,000 to $190,000.
It had been listed for rent in January last year at an asking weekly price of $260 per week.
Listing agent Nick Gatacre told Property Observer that the unit was currently rented out at $240 per week. According to the rent of $240 per week, the price reflects  a 6.13% yield.
Gatacre also told Property Observer the auction “went well”, with three registered bidders and a starting bid of $170,000.
He added that the reserve price set on the day was $190,000, and the vendor’s expectations exceeded by $13,500.
He also revealed that the successful bidder was an investor who had already purchased another unit in the building.
The 1960 block of flats at 631 Punt Road is made of up studio apartments. Recorded sales include unit 21 which sold in 2003 at $104,500, unit 26 fetched $93,000 in 2002 and unit 4 sold at $71,500 in 1997.
According to RP Data, 4/631 Punt Road was listed for sale in 2010 for $279,000, with no subsequent record of its sale. The unit 9/631 Punt Road was listed for sale in 2009 for $210,000.
In addition, asking rent for units have ranged from $237 per week to $295 per week over the past two years.
Gatacre told Property Observer that size is a considerable factor where sale prices are concerned.
“They are all studio apartments with one open area and no separate bedroom. That means they are the smallest on the food chain in terms of property you can buy.
Also, it is located on Punt Road, which is the main road. It makes it affordable for those who want to buy a property in South Yarra, and it’s pretty close to Fawkner Park,” he said.
He added that the condition and location of the unit within the building is a factor for determining asking rent.
“It depends on their condition – also, some are at the back of the block, while some are at the front,” he said.
Gatacre also said the property market in South Yarra is currently “quite strong”.
“The last two years, 2011 and 2012, were initially a little down compared to 2010.
"This year, we've seen interest rates coming down and becoming much more affordable for lending. The market's picked up due to that. Prices bottomed out towards the end of last year and slowly increased. It’s picked up and gone up since then, not dramatically, but the market's gone up a bit,” he said.
The apartments have traditionally been listed quite cheaply compared with other units in South Yarra.
According to the <a href="/news">latest RP Data report</a>, the median sale price for units in South Yarra is $522,500, down 4.6% on last year. The average discount required to sell a unit in South Yarra is 8.1%, while private treaty sales average 98 days on market.
The median asking rent for South Yarra units is $400 per week, while gross rental yield currently stands at 4%.
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South Yarra cheapie sells for $203,500 reflecting 6% rental yield

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

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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.
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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>

Boutique fashion designer Benedicte Olrik lists Hampton trophy home

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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]}
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Williamstown house price growth slows after strong gains

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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>
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