Lewis Land's latest apartment release within its <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan is targeting one of the Gold Coast's fastest-growing buyer groups, with almost a third of apartments at Solis priced below $1 million.

The seven-storey building at Biggera Waters will comprise 91 apartments, including 24 one-bedroom residences starting from $778,000, a price point Lewis Land says is aimed squarely at first home buyers struggling to enter the Gold Coast market.

<img alt="Harbour Shires" data-entity-type="file" data-entity-uuid="e7486e37-22f6-4c92-b212-9b0622070b8f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.34%E2%80%AFAM.png?VersionId=W8MJwJUCf6HkIyl_EVSksnd.QI6MZryY" />

<a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the developer deliberately allocated a significant proportion of the project to more affordable apartment types.

"First home buyers have been priced out of many parts of the Gold Coast, and we saw a clear opportunity to address this and play our part in a longer-term housing solution," Long said.

"That's why 24 of the 91 apartments being delivered at Solis have been designed and priced for the city's next generation of homeowners, quality one-bedroom apartments, half of which include an additional multipurpose room to maximise space and flexibility.

"This approach places 30 per cent of apartments in Solis under $1 million, and with close proximity to Harbour Town's future light rail extension connecting residents to the city's major employment and knowledge hubs, it's a win for buyers looking to secure their first property."

<img alt="Sores" data-entity-type="file" data-entity-uuid="550526d3-73ba-4710-9739-c5f4294a30ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.29%E2%80%AFAM.png?VersionId=cQQdXHt9wS0UXwZEm5Py5bH_3kAmzyhu" />

Designed by BDA Architecture, Solis will deliver a mix of one, two and three-bedroom apartments, with residences ranging up to 232 sqm. Apartments feature generous balconies and contemporary finishes, while residents will have access to Harbour Shores' lagoon pool, clubhouse, tennis court, gym, yoga studio and sauna.

The focus on first home buyers resonated with purchaser Holly Humphreys, who said she and her boyfriend spent more than a year searching for their first property before shifting their attention from houses to apartments.

"We fell in love with the first house we bid on and got our hopes up, but after repeated knockbacks we learned not to get too attached," Humphreys said.

"We offered at the high end of price guides, but sales kept going even higher. That's where we really struggled and we needed to re-evaluate our budget and our expectations. Standalone houses were off the table, and we pivoted to apartments and townhouses."

Humphreys said it was encouraging to see developers recognising the growing demand from first home buyers.

"There's a growing number of young buyers looking to enter the market earlier because they understand that getting in now can make a real difference as prices continue to rise," she said.

"It's fantastic to see a developer recognise this and then actively take measures to deliver an apartment with us in mind."

Solis is the first development planned within the second stage of the Harbour Shores masterplan, with early works expected to commence in September 2026.

[smartcode_project_cta:default project_id=113271]

Joel Robinson

Lewis Land targets first home buyers at latest Harbour Shores release, Solis

Luxury apartment developer Abadeen has recorded $19.25 million in apartment sales across two of its Lower North Shore developments in the lead-up to the end of the financial year, headlined by the sale of a $6.75 million penthouse at <a href="https://www.apartments.com.au/buildings/koyo-crows-nest-5-rodborough-avenue-crows-nest-nsw-2065">KOYO in Crows Nest.</a>

The transactions also included the sale of a newly completed three-bedroom apartment at <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences in Cremorne</a> for $6.35 million, with the residence selling shortly after the project's first public inspections following completion.

The sales come as completed, owner-occupier-focused apartments continue to attract strong demand across Sydney's Lower North Shore, particularly from buyers looking for certainty and immediate occupancy.

The penthouse at KOYO spans 491 sqm across a single level and was designed by architect Koichi Takada. The development is one of Abadeen's flagship boutique projects in Crows Nest.

[smartcode_project:default project_id=108800 project_image_fid=370093]

Abadeen Executive Chairman and Founder Justin Brown said buyer activity lifted noticeably in the lead-up to the end of the financial year.

"We saw a clear increase in enquiry levels, inspection numbers and buyer engagement across our completed projects leading into the end of the financial year," Brown said.

"Buyers have become far more decisive over the past six months. The combination of improving confidence, limited supply and the ability to physically inspect completed residences is creating strong competition for premium apartments in the best locations."

Brown says the&nbsp;response to Park Residences following completion has been particularly strong.

"Buyers want certainty and are responding positively to the opportunity to walk through a finished product, inspect the quality firsthand and move in immediately," Brown suggested.

"Projects such as Park Residences and KOYO demonstrate that when the product is exceptional and the location is irreplaceable, buyers are prepared to act quickly."

[smartcode_project:default project_id=114246 project_image_fid=370116]

Abadeen CEO Joe Tack said quality continued to differentiate projects in the current market.

"Today's buyers are incredibly discerning," Tack said.

"They are seeking larger floorplans, premium finishes, walkability, lifestyle amenity and confidence in the developer delivering the project. Well-designed boutique developments continue to outperform because they offer something genuinely difficult to replace.

"The enquiry we are seeing across our completed and recently completed Lower North Shore portfolio is very encouraging, and we expect this momentum to continue into spring."

The sales follow increased enquiry across Abadeen's Lower North Shore portfolio which also includes <a href="https://www.apartments.com.au/buildings/northcote-collective-naremburn-2-northcote-street-naremburn-nsw-2065">Northcote Collective in Naremburn</a> which also completed recently.

KOYO penthouse headlines Abadeen's $19.25 million EOFY sales flurry

The City of Sydney has approved plans for <a href="https://www.apartments.com.au/developers/billbergia">Billbergia Group</a> and Metrics Credit Partners’ $3.5 billion Castlereagh Place project in the heart of the Sydney CBD

The towers will be among the tallest in <a href="https://www.apartments.com.au/developments/sydney-nsw-2000">Sydney</a>'s CBD, with more floors than any other residential tower in the city.&nbsp;

The 6,000 sqm site was acquired by the joint venture partners in 2024. It is the largest amalgamated land parcel in the Sydney CBD and comprises eight individual sites fronting Castlereagh, Pitt and Liverpool Streets.&nbsp;

<a href="https://www.apartments.com.au/new-apartments/castlereagh-place-sydney-324-348-pitt-street-sydney-nsw-2000">Castlereagh Place</a> will transform an underutilised city block into a landmark mixed-use destination, anchored by two 82-storey towers comprising 607 luxury residences above an 8-level podium housing a 209-room luxury hotel. A 1,000 square metre civic park on ground level features a curated mix of food, beverage and retail.

The plans have been refined over the past year to rebalance the residential and hotel offering, and reconfigure the retail footprint to create a stronger, more dynamic dining experience.

A three-level flagship building on the prominent corner of Pitt and Liverpool Streets will be the gateway to the Castlereagh Place lifestyle precinct. Set to become a Sydney icon, the building is capable of housing multiple hospitality venues.

“Castlereagh Place is designed to be the City's next great urban oasis - an energetic mixed-use precinct that pulses with life, day and night,"&nbsp;said Joseph Kinsella, Group Director of Billbergia.

"It will bring the vibrancy of places like Barangaroo and Darling Quarter into a more accessible, central destination at the very heart of Sydney."

Kinsella said the project will build on&nbsp;Sydney’s growing laneway culture with the City’s largest network of new activated lanes - an expanded, next-generation take on precincts like Angel Place, Palings Lane and Ash Street in Wynyard.

[smartcode_project:default project_id=134477 project_image_fid=374401]

Castlereagh Place has been designed by architects <a href="https://www.apartments.com.au/architects/fjc-studio">fjcstudio</a> in collaboration with Trias Studio, Aileen Sage and Polly Harbison Design, joint winners of an international design competition in 2018.&nbsp;

Signature design elements from the original scheme remain unchanged, while the public domain has been significantly enhanced, delivering 60 per cent more open-to-sky space.

Pedestrian access will also be enhanced through new laneways linking Pitt, Liverpool and Castlereagh Streets, drawing people into a new civic park with outdoor seating, landscaping and integrated public art.

With activated laneways supported by strong hospitality offerings, Castlereagh Place is tipped to become a vibrant new dining destination in the heart of Sydney’s CBD.

It marks the largest undertaking to date for the Billbergia and Metrics Credit Partners partnership. Together they are developing other underutilised Sydney sites into mixed-use precincts, including the $2.2 billion Concord Central and the $1.3 billion Chatswood Grand Residences.

Metrics Managing Partner and Group CEO Andrew Lockhart said Castlereagh Place is a landmark project that will redefine Sydney’s skyline.

"As the tallest residential high-rise development, the revitalised site will offer panoramic views across the CBD and surrounds. We are excited to partner with Billbergia to reinvigorate an underutilised site and create a sophisticated and contemporary mixed-use offering situated in the heart of Sydney.”

Total apartments within the towers have increased to 607 dwellings, with a focus on larger floorplans. Aligned to growing market demand, Castlereagh Place now comprises 299 three-plus-bedroom apartments, 198 two-bedroom units and 110 one-bedroom configurations.

[smartcode_project:default project_id=134477 project_image_fid=374402]

Resident amenities will include an exclusive residents club containing a gym, rooftop pool, dining rooms, co-working spaces, library, golf simulator, games room, cinema room, and access to an exclusive concierge service. There will be around 500 basement car spaces below the towers.

The development will also include a state-of-the-art wellness centre, set to feature a bathhouse with magnesium pools, hot/cold plunge pools and premium amenities.

&nbsp;

According to fjcstudio, the towers will feature distinctive yet elegant architectural design reflecting Sydney’s geometry and urban character, with a network of through-site links and intimate public spaces activating the streetscape.

"Castlereagh Place is a city-making project of significant scale and ambition," said Richard Francis-Jones, Design Director at fjcstudio.

"It will create a rich urban complex of public open spaces, landscaped gardens, and vibrant laneways. Defining these new public spaces and the important streetscape of Castlereagh Street is a sequence of fine-grained, diverse retail and hotel architecture designed in collaboration with Aileen Sage, Polly Harbison Design and Trias.

“Rising above the tree-lined, human-scale streetscape are two slender residential towers that will transform the city skyline and look towards the Harbour, Hyde Park, and the Royal Botanic Garden.”

Demolition and early construction works have commenced onsite at Castlereagh Place.

[smartcode_project_cta:default project_id=134477]

Billbergia, Metrics, approved for $3.5 billion Sydney skyscrapers

International developer&nbsp;<a href="https://www.apartments.com.au/developers/spg-land">SPG Land</a> is preparing to re-launch its long-awaited $1.5 billion <a href="https://www.apartments.com.au/new-apartments/paradiso-place-surfers-paradise-103-ferny-avenue-surfers-paradise-qld-4217">Paradiso Place</a> development at Budds Beach, bringing a new price point to the Surfers Paradise apartment market.

The developer will release one-bedroom apartments from $825,000 and two-bedroom apartments from $1.24 million in the three-tower development.

According to Urbis, the starting price for the two-bedroom apartments is more than $400,000 below the weighted average sale price for comparable two-bedroom apartments in Surfers Paradise during 2025, which was pinned at $1.7 million.

&nbsp;

Urbis reported quarterly average sale prices for new two-bedroom, two-bathroom apartments ranged from around $1.2 million to $1.7 million throughout 2025, peaking in the December quarter.

[smartcode_project:default project_id=106566 project_image_fid=185853]

Paradiso Place is now moving into its formal sales campaign, with a limited early-release opportunity available ahead of the public launch.

The development will comprise 845 apartments across three towers rising 40, 41 and 44 storeys from a 1.15-hectare site spanning an entire city block. The towers will sit above a new retail precinct.

"Paradiso Place represents a rare opportunity in today's market, offering premium apartments at a price point that is significantly more competitive than anything else currently available," SPG Land Sales Director Brad McMahon said.

"When you look at comparable new developments across Surfers Paradise, Main Beach and the Southern Beaches precinct, buyers are typically paying hundreds of thousands more for a similar product.

"The scale of this project and the developer-builder construction model allows us to unlock efficiencies that smaller developments simply cannot achieve. We are passing those benefits directly to buyers, while still delivering a five-star residential experience with an unmatched lifestyle."

[smartcode_project:default project_id=106566 project_image_fid=374280]

Each of the three towers designed by Rothelowman will have its own podium, connected by an elevated skybridge network to create a beachside village for residents. The resident amenity has been designed to rival a five-star hotel, with private dining rooms, resident lounges and entertainment spaces.

McMahon said the pricing strategy was a deliberate response to the current market.

"What Paradiso Place offers is a unique balance, genuine value within a premium market. Buyers are not compromising on quality, design or amenity, they are gaining access to it at a more competitive price point at a time when prices across the Gold Coast continue to reach new highs."

[smartcode_project:default project_id=106566 project_image_fid=362498]

Located around 100 metres from the beach and within walking distance of the Surfers Paradise North light rail station, Paradiso Place occupies one of the Gold Coast's most tightly held beachfront precincts.

Construction is continuing to progress, with eight of the project's 112 foundation piles now complete. Excavation has also commenced on the first diaphragm wall panel, with the first concrete poured on 15 June, marking a key milestone in the project's early works program.

[smartcode_project_cta:default project_id=106566]

SPG Land launches $1.5 billion Paradiso Place at attractive price point

Luxury developer-builder <a href="https://www.apartments.com.au/developers/lowe-living">Lowe Living</a> has achieved a new Victorian benchmark for an off-the-plan apartment, with the sale of two penthouses at its ultra-exclusive Maison Savoy development in Brighton.

The two penthouses achieved a combined sale rate of $49,926 per sqm. Both transactions eclipsed the previous identified Victorian off-the-plan price-per-square-metre benchmark, set by the 449 sqm apartment at Como Toorak, which sold at $46,659 per sqm.

[smartcode_project:default project_id=140818 project_image_fid=366473]

<a href="https://www.apartments.com.au/new-apartments/maison-savoy-brighton-150-esplanade-brighton-vic-3186">Maison Savoy</a>, Lowe Living's redevelopment of the former Brighton Savoy Hotel on absolute beachfront land at 150 The Esplanade, Brighton, has gained significant momentum since launching just eight weeks ago. Around 30 per cent of the project's 19 residences have already been secured, generating approximately $45 million in sales.

"Securing two of the three penthouse sales at this stage, within eight weeks of launching to market speaks to the confidence our clients place in Lowe Living," Lowe Living co-founder Emma Lowe said.

"They know we'll be with them through every stage of the journey, and that assurance is something we've worked hard to earn and never take for granted."

[smartcode_project:default project_id=140818 project_image_fid=366474]

Lowe said Maison Savoy was conceived as a genuine alternative to a prestige Brighton home, combining house-scale proportions with the convenience, security and lock-up-and-leave appeal of apartment living.

Lowe Living co-founder Tim Lowe said the early sales success demonstrated the resilience of Melbourne's prestige market and highlighted the growing demand for house-sized apartments among ultra-high-net-worth buyers.

"The Melbourne market has definitely been tested in recent years, with interest rates and global economic factors all creating a period of uncertainty across the real estate sector. The sales success at Maison Savoy however demonstrates that confidence remains exceptionally strong at the top end of the market.

"The prestige market is being driven by long-term lifestyle decisions rather than short-term market sentiment, which continues to create a level of certainty that befits an absolute beachfront property in a blue-chip location like Brighton.

"Brighton's fundamentals remain among the strongest in Melbourne, with limited new supply, enduring demand from an overwhelmingly local owner-occupier market, and a rare combination of beachfront amenity and proximity to the CBD."

[smartcode_project:default project_id=140818 project_image_fid=374378]

According to Cotality, Brighton remains one of Melbourne's most tightly held prestige suburbs, with an average ownership tenure of 15.3 years for houses and 12.3 years for units, while more than 73 per cent of homes are owner-occupied.

Tim Lowe said selling two of the project's three penthouses so early in the campaign was an uncommon result.

"This sales result is a reflection of quality and understanding the local market. It's incredibly rare to transact the penthouses so early in a sales campaign in any project so to have sold two of the three penthouses at Maison Savoy so soon after launch, all in-house without any external sales agency appointed, is reflective of our careful consideration of our buyers' needs and lifestyle.

"This is knowledge that is accumulated not just from data and demographic analysis, but via a deeply embedded understanding of how this type of buyer wants to live and feel in their home. We pride ourselves on getting to know our clients personally, and over the last 10 years we have been able to refine our product offering by talking one-on-one with our clients about their design and floorplan preferences.

"Being a fully integrated developer-builder with an in-house design and sales team allows us to lead every part of the process and ensure the highest quality of product and service at every touchpoint. It's a really important part of our DNA and the recent sales success at Maison Savoy indicates that our clients and purchasers are resonating with this point of difference.

"It reinforces that demand remains strong for thoughtfully designed residences that offer rarity, lifestyle and long-term value in tightly held locations, which ultimately validates Maison Savoy's positioning as creating a new benchmark for house-scale, wellness-led apartment living on Brighton's beachfront."

&nbsp;

[smartcode_project:default project_id=140818 project_image_fid=366480]

The residences at Maison Savoy start from 295 sqm, with most enjoying uninterrupted views across Port Phillip Bay. The project sits moments from the Brighton Bathing Boxes, Royal Brighton Yacht Club, Middle Brighton Baths and Church Street's retail and dining precinct.

A key feature of the development is its private residents-only bathhouse, curated by the founder of Aurora Spa &amp; Bathhouse and modelled on traditional European bathing rituals and the award-winning Sorrento bathhouse.

The wellness offering includes a hydrotherapy pool, salt room, sauna, steam room, cold plunge pool, foot activation zone and a Vichy rainfall bed, one of only a handful in Australia. Residents will also have access to a Technogym studio, lounge spaces and a dedicated concierge service offering everything from morning coffee delivery and restaurant bookings to dry cleaning and home coordination.

"Wellness-led design has become a defining factor for luxury buyers," Emma Lowe said.

"Purchasers increasingly value homes that enhance wellbeing through thoughtful design, private amenity, privacy and liveability."

The penthouse purchasers are now undertaking a bespoke customisation process curated personally by architect Pete Kennon and the Lowe Living team, one of the developer's signature service offerings.

Construction on the $160 million transformation of the former Brighton Savoy Hotel site commenced last month, with completion expected in early 2028. The project has secured funding from NAB alongside development partner Monark.

Just one penthouse remains available, along with a limited number of two and three-bedroom residences starting from $3.75 million.

Lowe Living currently has eight projects on the market across Melbourne and recently celebrated its 10th anniversary, having grown a $1 billion development pipeline alongside a $350 million construction pipeline.

&nbsp;

[smartcode_project_cta:default project_id=140818]

Lowe Living set new Melbourne off the plan apartment record

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?

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62 Addison Street, Elwood, VIC, 3184
{yoogallery src=[images/stories/september9elwood]}
Built in 1972 this style of property is growing in popularity and given the land content and its position in one of <a target="_blank" title="Elwood" href="/news">Elwood'</a>s better streets you would expect buyer interest. Floor plan flexibility is good with most rooms in the right position, what may concern family buyers is the limited two bedrooms. At a pinch you could use the room on the south west corner as a nursery in the short term - long term it size would be an issue if a teenager had to sleep there. The lounge/dining room connects well with the decking and pool beyond and provides good additional entertaining areas. This style of architecture is typified by low ceilings which can restrict light penetration. This is not the case here as there are numerous sky lights, floor to ceiling windows and a centrally positioned light well. You are within walking distance of the beach and all the eclectic shops and cafes in Acland Street, what you don't have is easy access to the train if it was required to get into the CBD. The quote has already started to more north, which is unusal in the current market conditions, suggesting this unique property may appeal to many buyers.
James Buyer Advocates gives this property a rating of 737 out of 1,000, which is in the above average category. Kay &amp; Burton agent Alex Schiavo is marketing the property with $2 million plus hopes. It goes to auction on Saturday, September 10 at 1pm. 
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maljames-vHwm28JUAa

Elwood family home has wide appeal

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19 Henrietta Street, Hawthorn, VIC, 3122
{yoogallery src=[images/september2hawthorn]}
Gee, Mal, how do you give 800 points to a plain Jane? Well, because the characteristics are first rate - big land for Hawthorn and a double fronter with a northern orientation. Quiet location - actually very quiet yet central Hawthorn - could hear little noise in the backyard. Neighbors close but not intrusive. Home sits back on the block.
Good feel as you enter. Floor plan flows well. Front kid's bedrooms work well to bathroom. I like the living areas - they are a good locale to heart of the home. Laundry and parents' retreat section work well - good sunny master bedroom. The home is not built to the highest quality, but you are not buying a trophy home you are buying above. From the front tandem parking - not brilliant but OK. Fiberglass pool. Kitchen cupboards are just OK- need an update. Rear deck is nicely elevated. Possible access to boulevard.
Overall a very, very good family home offering - even if it's not sexy - actually it is sexy because of its land, flow and positional characteristics.  Should attract a fair bit of interest and a number of buyers, even in this market. It will appeal to those approaching $2 million.
- Mal James
Very good property this one. Good feel, functional floor plan, good land size (space is enhanced by fact there is no neighbour over the back fence) and ideal rear orientation. Facade is just OK, street narrow, surrounding properties not brilliant and the pool may turn some people off. We have seen some very strong recently in this Urquhart Estate precinct in the past and regardless of market sentiment this should attract good interest.
- Adam Woledge
James Buyer Advocates gives this property a rating of 800 out of 1000, which puts it in the category of exceptional. It will go to auction on Saturday, September 3 at 11am. Scott Patterson of <a target="_blank" title="Kay &amp; Burton" href="https://www.kayburton.com.au/?page=Page&amp;load=properties&amp;do=view&amp;id=2989201">Kay &amp; Burton South Yarra </a>is marketing the property with price hopes of $1.5 million plus. 
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Hawthorn gem ticks all the right boxes

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The Phillip Island site of the fire-destroyed historic Isle of Wight Hotel has been listed for sale. It comes with approval for a nine-storey residential-resort development and has $9 million plus hopes.
The historic hotel played host to Fred Astaire, Ava Gardner and Gregory Peck during their filming of the 1959 movie On the Beach in 1958.
<img src="/images/stories/onthebeach.jpg">
The 1920s Cowes hotel was destroyed in May 2010, after which the hotel's owner, David Gearing, expressed his hope to rebuild.
Its redevelopment was first flagged in the early 1980s. The development application was first approved 2005, with subsequent amendments earlier this year.
There has been a hotel on the main street site since the 1870s.
<img src="/images/stories/philhotel.jpg">
The 9,197-square-metre site on The Esplanade has been listed through CB Richard Ellis agents Paul O’Connell and Scott Callow.
Offers are due October 11. The marketing says it is for outright sale or the vendor will consider a joint venture.
It has been in the Gearing family since 1982.
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jchancellor-FAypfDUnLy

Iconic Phillip Island resort development site for sale - and it's on the beach

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As we look to what's ahead for 2012, Property Observer is republishing some of our most noteworthy stories of 2011.
 
The gold rush is long past, but Bendigo’s housing market is shaping up as a treasure trove for property investors, according to the latest data released by the Real Estate Institute of Victoria. 
Bendigo, about 130 kilometres north of Melbourne and with a population of around 100,000, has the tightest rental vacancy rate in Victoria, according to the REIV. 
During the month of July, the vacancy rate tightened from 0.5% to 0.3%. 
Rental yields for houses and apartments in Bendigo are around 5%, compared with 3.7% for Melbourne houses and 4.3% for Melbourne units, according to RP Data figures.
According to SQM research, renters make up about a third of the Bendigo market. 
In addition to its strong rental market, the regional centre has also experienced solid house price appreciation, with the Bendigo median house price rising 4.5% in the June quarter to $287,500 – beating regional centres Ballarat (up 1.3%) and Geelong (down 3.9%), according to the REIV. 
Despite this growth, Bendigo houses are substantially cheaper than Melbourne, where the median house price is still above $500,000 despite recent declines. 
According to REIV spokesman Robert Larocca there are two opposing forces spurring on the Bendigo market. 
“On the one hand Bendigo is benefiting from very good transport connections to Melbourne, in fact the corridor between the two cities is seeing city type prices in some centers. But on the other hand as the state’s population has grown the rate of new dwelling construction has not kept pace,” he says. 
“There is also a particular issue in Bendigo that at the time the vacancy rate has been below 1% the proportion of rental homes deemed affordable has dropped from 72% to 50% of rental homes.” 
There are 208 properties listed for rent in Bendigo on Realestate.com.au, with two-thirds of these houses. 
Weekly rentals for houses start from about $200 for a two-bedroom house to more than $600 for Victorian-era houses close to the Bendigo CBD. 
<img src="/images/stories/cheapbendigo.jpg">
The cheapest unit for rent (also the cheapest rental in Bendigo) is a one-bedroom unit on Rowan Street (pictured above) close to the Bendigo CBD asking $135 per week with Danny Clarke from The Professionals handling the listing. 
<img src="/images/stories/expensivebendigo.jpg">
At the top end of the scale is “Hustlers Heights” (pictured above), a stately three-bedroom Victorian house offered at $700 per week, fully furnished by Emma Morison from Tweed Sutherland First National Bendigo. 
Despite the apparent shortage of rental properties, Hustlers Heights has been listed since July 30 with its close proximity to the Capital Theatre, Art Gallery and the cafes of View Street not proving enticing enough to tempt anyone to part with $700 every week. 
Nathan Ludeman, property department manager from Tweed Sutherland First National Bendigo, says the last couple of months demand for rental property has actually slowed down. 
“We have a couple of vacancies at the moment, but that is quite unusual – over the last 18 months to two years there has been a zero vacancy rate. Everything was leased.” 
He puts the current availability of rental properties to seasonal factors: “The market usually slows down over the colder months.” 
Ludeman, who has lived his whole life in the town, says there are a lot of homes under construction at present including subdivisions in and around the outskirts of the city. 
“There are a lot of people moving from Melbourne. The highway has made it a lot quicker to commute – it takes about an hour and 40 minutes – and property is much cheaper than in Melbourne,” he says. 
As for the appeal of the region, he says while it is not dependent on any one industry, it has every sector covered and offers a reasonably relaxed place 
“It’s a smaller version of Geelong, without the beach,” Ludeman says. 
Another local property manager, Anita Harrington from Tony Harrington Estate Agents – Bendigo, says demand for rentals is enormous. 
“We are currently sitting with one property vacant,” she says. 
Harrington says rentals get snapped up very quickly, with new tenants ready to move in almost immediately after an incumbent vacates. 
“It can be quite heartbreaking. There are often people crying because they cannot get a rental property.” 
Harrington says there are a lot of Melbourne investors dipping their toes into the Bendigo market as well as core investors from Bendigo who own multiple properties and continue to buy.
 
The city will also benefit from a new world-class hospital with the Victorian government throwing $630 million into the New Bendigo Hospital project due to commence in December and due to be completed in 2016. 
Bendigo ranked 69 on Your Investment Property’s Top 100 Suburbs survey earlier this year. 
The survey quoted PRDnationwide figures, which found that Bendigo’s house market recorded growth of 12.3% in 2010, and has maintained a 10% average annual growth rate over the past decade. 
PRDnationwide research analyst Dan O’Halloran highlights its relatively close proximity to Melbourne and its role as one of Victoria’s key rural hubs as its key attributes. 
“The area has a diverse and robust economy that comprises mining, agriculture, manufacturing, tourism, health, and a strong financial presence, with Australia’s only provincial stock exchange,” he says. 
“The Bendigo real estate market is large enough to maintain a reasonable level of supply and demand throughout tough economic conditions, which makes it an attractive and secure investment option.” 
“Bendigo’s relative affordability compared to Melbourne, coupled with a strong community vibe, assists to attract many new homeowners to the area each year, while a strong rental yield of 6% per annum creates an enticing option for property investors,” he concludes.
Main photo courtesy of Tourism Victoria
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Bendigo a rental property goldmine for 21st-century speculators

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{yoogallery src=[images/stories/august25southyarra]}
6 Walter Street, South Yarra, VIC, 3141
The home has been beautifully renovated, blending the period style with a modern extension. Although the renovation is around 10 years old, the house overall has been very well maintained and much of the design intent so clever that it has not dated overly.
There is a lot to like about this property. The floor plan is flexible, with most rooms in the right position. There is a good zoning with separate living areas, which may be ideal for families with children. The home offers good storage and good-quality finishes and fixtures.
Despite the southern exposition, skylights have been smartly incorporated to take advantage of natural light. Some may find the internal courtyard not ideal for entertaining, although it's position is prime and assists with the spatial indoor feel.  Garaging at the rear is very good via Hawksburn Close and it also provides good storage. Location here is very good - walking distance to Toorak Road, Chapel Street and Hawksburn Village, and being within a cul-de-sac traffic flow is minimal.
- Adam Woledge
This is a home that gets me going - in a cul de sac, so no traffic, despite being a great location. The home itself is not about the façade or even the front few rooms, which are perfectly acceptable but nothing special. Where the home shines is to the rear - brilliantly designed renovation to take in the light (it is south facing, but your couldn't tell) - to also give a real sense of space (between living areas) while still feeling connected to each other and the upstairs study and then separate master really works well - all this on top of a double garage and excellent rear car access - this is a real gem for a modern family or couple and worth a premium over the norm.
- Mal James
The property is being marketed by <a href="https://www.kayburton.com.au/" title="Kay &amp; Burton" target="_blank">Kay &amp; Burton</a> agent Chris Alcock with price hopes of $2.1 million plus. It will go to auction on Saturday, August 27 at noon.
James Buyer Advocates gives this home a rating of 719 out of 1,000, which is in the Well Above Average Category. 
Adam Woledge is a registered architect and principal buyer advocate of <a href="https://www.james.net.au/" title="James Buyer Advocates" target="_blank">James Buyer Advocates.</a> Mal James is principal buyer advocate of James Buyer Advocates. James offers home ratings, market updates and buyer updates on its website.
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Seamless blend of old and new in South Yarra

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{yoogallery src=[images/stories/august22lyon]}
Former Melbourne AFL champion and now Footy Show host Garry Lyon couldn’t sell his prestige Hawthorn offering at weekend auction.
The four-bedroom, three-bathroom period house in Hawthorn Grove – one of the suburb’s premier heritage streets – was passed in on a vendor's bid of $3.6 million.
The auction opened on a $3.5 million vendor bid. Lyon bought it in 2005 for $2.74 million.
Its Jellis Craig Glen Iris listing agent Paul Keane had been quoting $3.5 million-plus.
The contemporary house sits behind a stately tuck-pointed brick façade and return veranda.
It comes with an outdoor entertaining pavilion, heated pool and spa.
The much-extended 1890s Hawthorn residence sits on an 854-square-metre block.
Its modern interiors give it a 493-square-metre floorplan over two levels.
There are four bedrooms plus fitted study.
Bennison MacKinnon sold the adjoining property last month at an undisclosed price. It had previously traded three decades ago. Both homes had been built by the same builder last century.
Hawthorn’s current median house price, according to propertydata.com.au, is $1.37 million, having peaked at $1.62 million in June 2010.
According to RP Data, Hawthorn's median house price is $1.29 million. 
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Garry Lyon fails to sell Hawthorn home at weekend auction

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{yoogallery src=[images/stories/august19canterbury]}
30 Mangarra Road, Canterbury, VIC, 3126
No question markers over locale – fringe Canterbury Golden Mile. I find these type of homes a trifle soulless, but that is a personal thing - however as things go this is one of the better versions of the modern reproduction home.
Good proportions and well positioned, with formal to front and casual living areas to rear. I like the fact you can enter the home from the garage place to drop off junk, or it could serve as a home office. Garage tight at six metres without being small.
For the size of the home no backyard may be an issue, but the courtyard it does have is well positioned to the kitchen and both entertaining areas – ideal for parties and as well brings in light. Of course you also don't need to mow.
Parquetry flooring at the rear seems as solid as I have seen and works well – the kitchen is high quality but uninspiring and the laundry to the side works well for a modern multitasking home husband or wife. Upstairs via a sweeping quality staircase leads you to a master and ensuite not lacking in size and three other good-sized bedrooms, one with ensuite and the other two sharing the third bathroom plus a good-sized nook for children to gather in. No negatives here on this level.
Overall this home is a lot better than the first impressions I got from the street for what it is – it's an above-average home built to be loved.
– Mal James
Quite a good builder-spec home thathas a functional floor plan and will be fine for those who do not need a large, lawned backyard space and/or a bedroom downstairs.
Mangarra can carry cut-through traffic around school pick-up times (from Canterbury Girls, Camberwell Grammar) and being a little on the narrow side and near the bend is not ideal – that said, this is special part of Canterbury. The quality of the build here is good and this home has been quite well maintained – the outlook/privacy from the ensuite is special and north-facing glass plentiful.
– Adam Woledge
James Buyer Advocates gives this property a rating of 735 out of 1,000, which puts it in the Well Above Average category. It will be auctioned by <a href="https://www.marshallwhite.com.au/index.cfm?pageCall=property&amp;propertyID=1808229&amp;rssLink=true" title="Marshall White" target="_blank">Marshall White</a> agent James Tostevin on Saturday, August 20 at 12.30pm. Tostevin has price hopes of $2.8 million plus for the property.
Adam Woledge is a registered architect and principal buyer advocate at <a target="_blank" title="James Buyer Advocates" href="https://www.james.net.au/">James Buyer Advocates</a>. Mal James is principal buyer advocate at James Buyer Advocates, which includes home ratings, market news and buying advice on its website.
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Home to be loved in Canterbury's Golden Mile

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{yoogallery src=[images/stories/august12sackville]}
49 Sackville Street, <a target="_blank" title="Kew" href="/news">Kew</a>, VIC, 3101
A well-renovated original home in a prized Kew precinct. Sackville Street contains many fine original homes and is leafy, yet it does carry traffic (particularly during school pick-up/drop-off times). The fact that this has car access off John Street is a big plus here, particularly in light of this.  
Main pluses - the floor plan is practical and suits modern living well, block size and northern rear orientation.  Backyard / rear patio is little exposed (given relative levels and block slope), yet this could be addressed if it were to become an issue for the buyer.  
Also being over a single level, an older family may like better bedroom separation, yet the basement living area helps with this and provides a place for older kids to retreat to. Overall a very good property, and one that should attract good competition at the right price point.
- Adam Woledge
Powerful Sackville ward Kew offering with the classic features and agent to make for an exciting auction or post-auction negotiation. Being picky out the back lets it down a bit; but overall you can smell the money as you walk through this home. Circle $4 million - in this market - yep.
- Mal James
James Buyer Advocates gives this property a rating of 787 out of 1000, which is in the Well Above Average category. It sold at auction on Saturday, August 13 for $4.31 million.
Adam Woledge is a registered architect and principal buyer advocate at <a target="_blank" title="James Buyer Advocates" href="https://www.james.net.au/">James Buyer Advocates</a>. Mal James is principal buyer advocate at James Buyer Advocates, which includes home ratings, market news and buying advice on its website.
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cknowlton-QnEa6ntUYP

Well-renovated Kew property has a lot to recommend it

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{yoogallery src=[images/stories/august11stvincent]}
49-51 St Vincents Place, <a target="_blank" title="Albert Park" href="/news">Albert Park</a>, VIC
An imposing piece of the Rochester Terrace has been listed for sale.
Set on the dress circle of St Vincent Gardens, the adjoining 1897 Victorian terraces offer six bedrooms and five bathrooms behind its stunning façade of elegant Corinthian columns. There are also formal and informal living and dining rooms with a flexible floorplan. The opportunity to open up the two terraces has yet to be taken advantage of.
The St Vincent Place precinct was designed to emulate elegant squares found in London. Now registered with the National Trust of Australia, St Vincent Place is home to terraced and detached houses, including the architecturally significant Rochester Terrace, a row of imposing double-storey Victorian houses.
Building commenced in 1869, and it eventually became 10 separate terrace mansions and is still deemed to be the most commanding, coherently designed terrace row in Melbourne. They were constructed by the eminent Emerald Hill auctioneer, agent and speculator WP Buckhurst, who initially built the terraces now numbered 33-43 and in 1879 added the four additional buildings at what is now 45-51.
Architect Charles Boykett designed the terrace, with his son Charles Bolten Boykett completing the row after his father's death.
The terrace housed prominent citizens including bookseller George Robertson, the biscuit manufacturer, TB Guest and the homeopathic chemist R Martin. Like the gardens, it was based on a 19th-century London model that remains largely faithful to its original design, with a bowling green and tennis courts.
The St Vincent Place offering is listed through Alex Schiavo and Tom Staughton at <a target="_blank" title="Kay &amp; Burton" href="https://www.kayburton.com.au/?page=Page&amp;load=ListB&amp;do=search&amp;list=AlbertParkPlus">Kay &amp; Burton Albert Park</a>. The property last sold in 2004 at $3.61 million. More than $5.5 million is being sought.
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Imposing 19th-century Albert Park mansion on the market

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Box 40, one of the 85 bathing boxes at Melbourne's Brighton Beach, is set for September 3 auction.
With $190,000-plus expectations, it seems unlikely to challenge the recent record price for the Dendy Street location.
That was a brand-new bathing box that fetched a record $260,000, even though four other boxes were concurrently listed for private sale with $185,000 plus hopes in mid-June this year.
There are now three other listings for private-treaty sale.
Set on one of the most photographed locales in Australia, Box 40 comes with new weatherboards and a Balinese-style ceiling.
"These highly sought icons of Brighton are a proven investment, and number 40 won't last long," Katie Reid at Nick Johnstone Real Estate says.
"This is possibly the most practically appointed bathing box of them all with a retractable deck/ramp for easy water-sport equipment storage and access."
Bathing boxes existed in Brighton as far back as 1862, with the 85 boxes at Dendy Street being a throwback to the 19th century, when the increasing popularity of sea bathing clashed with Victorian-era prudishness.
The boxes hit $200,000 for the first time in 2007, but during the 2008-2009 global financial downturn there was a $171,000 sale.
Box 73 is currently listed at $180,000 through Buxton Brighton agent Chris Carrington.
“This was listed back in March but there have been a few newer ones available so harder to sell now and will ramp it up once the weather improves,” Carrington says.
Box 72 is for sale through Helen Taylor at Hodges Brighton. Sam Paynter at the Hodges Brighton has $180,000 to $200,000 hopes for Box 16.
The first public auction was in 1999, when a box sold for $60,000.
The local council owns the land for each box and charges an annual licence fee of about $600.
Only Bayside ratepayers or residents are allowed to own one. They are typically 2.4 metres by two metres by two metres.
There are about 1800 bathing boxes and boat sheds around Port Phillip and Western Port Bay.
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