<a href="https://www.apartments.com.au/developers/sunland-group">Sunland Group</a> has officially lodged plans for its first Gold Coast apartment project since the departure of the Abedian family from the company three years ago, unveiling a new high-rise proposal for a prominent Broadbeach corner site on Old Burleigh Road.

The application was submitted by an entity directed by Tom Jamieson, stepson of longtime Sunland leader Soheil Abedian, and Riaz Rezvanipour, brother-in-law of Sahba Abedian, Soheil’s son.

Sunland acquired the 1,283 sqm site on the corner of Old Burleigh Road and Armrick Avenue for $9.5 million late last year and is now seeking approval for a <a href="https://www.apartments.com.au/new-apartments/99-101-old-burleigh-road-broadbeach-qld-4218">42-storey tower with 81 apartments</a>.

<img alt="First look: Sunland Group returns to Broadbeach with new Old Burleigh Road tower plans" data-entity-type="file" data-entity-uuid="fea2946d-90ee-4cfc-babe-2a8ad5db2cb6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers.png?VersionId=BV0fihJw31nDIQ8ozY_h3GbS8mxDyhnm" />

Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, the proposed tower at 99-101 Old Burleigh Road would deliver a predominantly larger-format apartment mix aimed at the owner-occupier market. Plans include 17 two-bedroom apartments, 55 three-bedroom apartments, and nine four-bedroom residences across 35 residential levels.

The development also incorporates three basement levels, four podium parking levels, two levels of communal recreation facilities, and rooftop plant and equipment. A total of 189 car spaces are proposed, significantly exceeding the 90 spaces required under the planning scheme.

The architecture adopts a sculpted, curvilinear form, with deep wraparound balconies and integrated landscaping intended to soften the tower’s vertical expression. The planning report states the building’s “slender footprint/form provides a complimentary yet varied built form within the local streetscape” and contributes to “a varied, yet ordered skyline.”

Contreras Earl noted in its Architectural Statement that from the early stages, the project addressed a fundamental challenge: how to accommodate the required residential yield while avoiding the conventional model of a tower sitting on a rigid, fully resolved parking podium.

“The most direct response would have been to consolidate parking into a singular, flat podium and extrude a repetitive tower above,” the statement said. “While efficient, this approach would result in a consolidated built form with limited engagement with the surrounding landscape and public realm.”

Instead, the conventional podium model was “deliberately rejected”. The architects described the base of the building as “a landscaped architectural condition where structure, planting and circulation are integrated”.

“Rather than presenting a continuous built mass, the base of the building is articulated through a series of concrete planter elements that organise the podium into a fragmented system,” the statement said. “This approach reduces the perceived bulk of the lower levels while establishing a more permeable interface with the streetscape and adjacent open space.”

<img alt="Sunland" data-entity-type="file" data-entity-uuid="923fad8d-c960-4527-8fbe-975cf1ddf88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%2010.32.03%E2%80%AFAM.png?VersionId=pngwb0hYOIUpq9vDw6F2EsOiVuHF3DiX" />

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The site sits within the High Density Residential Zone and inside the City of Gold Coast’s unrestricted “HX” building height area, where the planning framework anticipates intensified residential development tied to the expanding light rail corridor. The planning report notes the area is undergoing “transition toward more intense development forms” given its proximity to Broadbeach, Surfers Paradise, and high-frequency public transport infrastructure.

Positioned directly opposite Broadbeach Park and within walking distance of Florida Gardens light rail station, the development would sit among a rapidly evolving stretch of Old Burleigh Road that has become one of the Gold Coast’s most active apartment development corridors.

The application joins a growing pipeline of luxury residential projects reshaping Broadbeach, including nearby developments by 5Point Projects, Polycell, and Graya.

The planning report argues the project contributes toward the Gold Coast’s long-term housing targets under the South East Queensland Regional Plan, which forecasts the need for more than 100,000 additional high-rise dwellings across the city by 2046.

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The Abedian family departed Sunland Group in late 2023, ending a four-decade association with the company, and subsequently established the private development firm Abedian &amp; Co. The group is currently delivering <a href="https://www.apartments.com.au/new-apartments/greenmount-residences-cnr-hill-street-and-marine-parade-coolangatta-qld-4225">Greenmount Residences</a> at Rainbow Bay and recently launched <a href="https://www.apartments.com.au/new-apartments/18-mary-avenue-14-18-mary-avenue-broadbeach-qld-4218">18 Mary Avenue</a> in Broadbeach.
</section>

Joel Robinson

First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

The Minns Labor Government has established the new Bays West Delivery Authority to lead the development&nbsp;of the Bays West Precinct and Blackwattle Bay Precinct.&nbsp;

The Authority is charged with creating Sydney’s newest precinct, a thriving, connected, sustainable hub with White Bay Power Station as its cultural heart. Its vision is to build on the area’s natural, cultural and industrial history to shape a vibrant new neighbourhood.

The precinct will deliver up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes. Combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years, while retaining important deep-water facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

The Bays West Delivery Authority,&nbsp;an agency of the Department of Planning, Housing and Infrastructure, will report to the NSW Minister for Lands and Property who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo.

As part of the broader Bays West transformation, the Minns Government recently announced that a proposal from Lendlease to redevelop part of the Bays West Precinct has progressed to Stage 2 of the NSW Government’s unsolicited proposals process.

<img alt="Sydney" data-entity-type="file" data-entity-uuid="2ed71eb9-d8e8-4fa7-b9d1-de4531dcf2f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%209.42.31%E2%80%AFAM.png?VersionId=IDryFIbped9SNDg72LEN_EecvhUsOPvp" />

The Minns Labor Government has also confirmed the Bays West precinct will have a new suburb name. This will be the first major suburb built in close proximity to Sydney’s CBD in decades and will encompass the area currently being referred to as Bays West, including Glebe Island and the White Bay Power Station. Served by a new Metro station just five minutes from the CBD, it will become one of the most populous suburbs in the Inner West and one of Sydney’s premier cultural destinations.

An early works program is taking shape, which&nbsp;includes the first stages of an international design competition.&nbsp;

The aim of the Bays West&nbsp;International&nbsp;Design Competition is to&nbsp;ensure design excellence is embedded in the project from the start. The competition will deliver an&nbsp;urban framework that defines the character, ambition and long-term identity of&nbsp;this&nbsp;former industrial precinct as it transitions to a vibrant, inclusive and sustainable residential&nbsp;neighbourhood.

The competition will be led by the Bays West Delivery Authority in partnership with Government Architect NSW.&nbsp;

It will launch with an invitation for a global Expressions of Interest, before moving to an invitation-only stage that will be assessed by a panel that&nbsp;will provide advice to Cabinet who will select a winner.

Premier of NSW, Chris Minns said the establishment of the new Authority is the first step in transforming the Bays West precinct into a vibrant, livable suburb minutes from the Sydney CBD and two stops from Hunter St Station on the Metro West line.

“The Authority will deliver well-located homes close to the heart of the city and integrate the new precinct with Blackwattle Bay and the new Sydney Fish Market.

“This is a generational opportunity to build a new suburb on the city’s edge and open the harbour foreshore to the public for the first time in a century.”&nbsp;

Minister for Lands and Property Steve Kamper said the new Bays West Delivery Authority established by the Minns Government will turbocharge the development of Sydney’s newest suburb.

“The Authority is working at a record pace to deliver an international design competition, planning pathways and a financial model so that this development benefits Sydney with well-designed homes in a central location, close to public transport, jobs, entertainment and essential services.

“If we want Sydney to stay liveable and affordable, we need to be bold about using underutilised government-owned land to deliver homes for the future while making sure essential working harbour functions can be accommodated.”

Bays West Delivery Authority established to "turbocharge" Sydney’s newest suburb

Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

&nbsp;

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Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

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>

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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?

Boutique Perth developer ADC has unveiled its latest project.

The developer, which focuses on bringing apartments to some of Perth's most premium inner-city and riverside suburbs, has launched <a href="https://www.apartments.com.au/new-apartments/mos-lane-mosman-park-46-manning-street-mosman-park-wa-6012">Mos Lane</a>, 68 luxury apartments and townhouses in the heart of <a href="https://www.apartments.com.au/developments/mosman-park-wa-6012">Mosman Park</a>.

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Alongside the one-, two-, three- and four-bedroom apartments, the development will also include five two-level townhomes and two luxe penthouses. ADC is also introducing a significant retail offering for residents through Mos Lane Village, which will feature a wellness studio, fish and chips shop, barber, and florist, adding a layer of amenity not typically found in the predominantly residential Mosman Park area.

Construction has already commenced on the project, which sits just a short walk from the Swan River, Mosman Park Bowls Club, and Mosman Park Golf Course.

House Agency Directors Tom House and Lachlan McDonald say they are fielding the majority of buyer interest from local downsizers, as well as buyers with a long-standing affinity for Mosman Park.
</section>

[smartcode_project:default project_id=148957 project_image_fid=364591]

Mos Lane will comprise two buildings; Samson House and Manning House, which have been designed by&nbsp;<a href="https://www.apartments.com.au/architects/nelson-koo">Nelson + Koo</a>, an emerging design consultancy specialising in the masterplanning and design of mixed use places and spaces.

The two buildings adopt distinct architectural responses to their surroundings. Manning House references the strong roof forms of nearby homes, with floorplates oriented to maximise light and long-range views, while Samson House is organised around a central atrium designed to bring daylight deep into the building and create a greater sense of openness.

At ground level, the inclusion of five townhomes introduces a typology more commonly associated with Mosman Park’s established streets, each with private courtyards and direct frontage, offering a transition between traditional housing and apartment living.

[smartcode_project:default project_id=148957 project_image_fid=364103]

Interiors have been led by Melbourne-based Hecker Guthrie, with an emphasis on practical, long-term liveability. Residences incorporate sculpted joinery, generous storage and flexible multi-purpose rooms that can adapt to changing household needs, whether for working from home, guest accommodation or additional living space.

Material selections draw on a restrained palette of textured stone, timber and neutral tones, with options for lighter or darker schemes. Detailing such as fluted glass, full-height joinery and integrated appliances is intended to balance functionality with a more refined residential finish.

Outdoor spaces are a consistent feature across the development, with balconies and terraces designed for dining and entertaining, and larger apartments incorporating outdoor kitchens. Orientation has been considered to allow residents to choose between morning or afternoon sun, while mature street trees and landscaped communal areas contribute to a softer streetscape.

[smartcode_project:default project_id=148957 project_image_fid=364107]

Shared amenities are positioned to support both day-to-day convenience and occasional use. These include a private dining room with a caterer’s kitchen, alfresco entertaining areas, and a bookable guest suite for visiting friends and family. Additional practical features such as a resident workshop, storage facilities, car and pet wash areas, and concierge-style services for cleaning and dry-cleaning collection reflect a focus on usability.

Positioned between the Swan River and Cottesloe Beach, and within reach of schools such as Iona Presentation College and St Hilda’s Anglican School, the development is aimed at a broad buyer group, from downsizers seeking a lower-maintenance alternative to larger homes, through to local residents looking to remain in the area in a different housing format.

Mos Lane represents one of the more significant additions to Mosman Park’s limited pipeline, combining new housing supply with a village-style retail centre in a suburb where opportunities for large-scale redevelopment are relatively constrained.

[smartcode_project_cta:default project_id=148957]

Living village precinct set for Mosman Park as ADC launches Mos Lane

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Western Australia and Queensland are where investors should be looking for new investment hotspots, analysis of Australian Property Investor magazine’s hot 100 list has revealed.
The 2012 list features 66 locations that are appearing for the first time, with 20 in Western Australia and 17 in Queensland.
The WA and Queensland picks include both capital city suburbs and remote mining towns benefiting from the resources boom.
Among the most interesting new entrants is <a target="_blank" href="/news">Onslow</a>, which has a population of just 845 and is 1,400 kilometres north from Perth.
According to property valuer Brad Mazza at LandMark White Hegney, the local council for Onslow is “average”, accessibility is “very poor” as there are no flights into the area (you need to fly to either Karratha or Exmouth), and services and amenities are “poor” with “limited houses and very basic amenities”.
However, its location south west of Karratha on the coast of the Pilbara region means it is rapidly turning into one of Australia’s mining boom towns.
<img style="float: left; margin: 5px;" width="300" src="/images/stories/onslowmap.gif">
Mazza says that while prices have already gone through the roof with some vacant blocks of land costing more than $1 million, there’s still talk of prices increasing further. 
Major projects underway in Onslow include the massive 8,000-hectare Ashburton North Strategic Industrial Area, with BHP Billiton and Chevron both fully committed. 
A four-bedroom house on Burt Close in Onslow is asking rent of $2,800 per week – <a target="_blank" href="https://www.propertyobserver.com.au/residential/hefty-residential-rentals-in-the-booming-pilbara-matching-the-east-coast-s-wealthy-suburbs/2011120752707">similar prices to those being charged in Port Hedland</a>, also in the Pilbara. 
Other mining hotspots on the list for the first time include Karratha in the Pilbara, <a target="_blank" href="https://www.propertyobserver.com.au/queensland/hotspot-high-yields-and-price-growth-in-moranbah-but-best-time-to-buy-may-have-passed/2012022753563">Moranbah in Queensland’s Isaac region</a>, Bundaberg, 300 kilometres north of Brisbane, Ceduna, 550 kilometres north west of Adelaide, Mackay, 800 kilometres north west of Brisbane, Newman, 1,000 kilometres north of Perth, and Oakey, near <a target="_blank" href="https://www.propertyobserver.com.au/queensland/hotspots-toowoomba-could-be-headed-for-recovery/2012022853595">Toowoomba</a>. 
City suburbs like Osborne Park, just seven kilometres from Perth, is picked by Australian Property Monitors to boom on the back of “$100 billion in mining industry activity” in WA.
NSW accounts for eight of the new investment hotspots (all of which are Sydney suburbs), there are seven each in Victoria (two being Bendigo and Ballarat) and South Australia, three in the Northern Territory, two in the ACT and two in Tasmania.
The full alphabetical list is:
<ol>
<li>Ballarat, Vic</li>
<li>Belmont, WA</li>
<li>Bendigo, Vic</li>
<li>Box Hill, Vic</li>
<li>Broome, WA</li>
<li>Bundaberg, Qld</li>
<li>Camperdown, NSW</li>
<li>Carindale, Qld</li>
<li>Carlton North, Vic</li>
<li> Ceduna, SA</li>
<li>Chermside, Qld</li>
<li>Cloverdale, WA</li>
<li>Como, WA</li>
<li>Dickson, ACT</li>
<li>Dunsborough, WA</li>
<li>Dutton Park, Qld</li>
<li>Eden Hill, WA</li>
<li>Edgewater, WA</li>
<li>Enmore, NSW</li>
<li>Fremantle, WA</li>
<li>Gawler, WA</li>
<li>Granville, NSW</li>
<li>Hackham, SA</li>
<li>Heathridge, WA</li>
<li>Highgate, WA</li>
<li>Indooroopilly, Qld</li>
<li>Karratha, WA</li>
<li>Kawana, Qld</li>
<li>Kellyville, NSW</li>
<li>Keperra, Qld</li>
<li>Mackay, Qld</li>
<li>Magill, SA</li>
<li>Maroubra, NSW</li>
<li>Marrickville, NSW</li>
<li>Midland WA</li>
<li>Moorooka, Qld</li>
<li>Moranbah, Qld</li>
<li>Murarrie, Qld</li>
<li>Neutral Bay, NSW</li>
<li>Newman, WA</li>
<li>Ningi, Qld</li>
<li>Norwood, SA</li>
<li>Nundah, Qld</li>
<li>Oakey Qld</li>
<li>Onslow, WA</li>
<li>Osborne Park WA</li>
<li>Palmerston, NT</li>
<li>Parap, NT</li>
<li>Port Hedland, WA</li>
<li>Port Lincoln, SA</li>
<li>Roma, Qld</li>
<li>Roxby Downs, SA</li>
<li>Smithton, Tas</li>
<li>Summerhill, NSW</li>
<li>Sunshine, Vic</li>
<li>Tennant Creek, NT</li>
<li>Turner, ACT</li>
<li>Underwood, Qld</li>
<li> Warrane, Tas</li>
<li>Werribee, Vic</li>
<li>West Footscray, Vic</li>
<li>Westminster, WA</li>
<li>Willetton, WA</li>
<li>Woodville West, SA</li>
<li>Yangebup, WA</li>
<li>Yeerongpilly, Qld</li>
</ol>
The full hot 100 list is in the April issue of Australian Property Investor, which is on sale now.
 
Photo courtesy of <a target="_blank" href="https://www.tripadvisor.com/">Trip Advisor</a>.
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lschlesinger-FZcF9M3vE6

Sixty-six new hotspots: Remote, inaccessible and with poor amenities, yet rents are skyrocketing in tiny Onslow

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Asian investment in Australian real estate is set to expand in the mining sector with Indian government-owned mining company NMDC Limited undertaking due diligence of two Australian mining properties, one in Western Australia and the other in the Northern Territory.
NMDC is looking to acquire Atlas Mining’s 2 billion-tonne Ridley magnetite iron ore project in the Pilbara region of Western Australia (75 kilometres east of Port Hedland) and Minemakers Ltd’s Wonarah phosphate reserve, about 260 kilometres east of Tennant Creek in the Northern Territory.
<a target="_blank" href="https://www.propertyobserver.com.au/residential/hefty-residential-rentals-in-the-booming-pilbara-matching-the-east-coast-s-wealthy-suburbs/2011120752707">Port Hedland property prices have soared</a> in the wake of the mining boom, with RP Data reporting a median sales price of $1.1 million and median rents of $2,200.
Tennant Creek house prices are up 34.4%, with a median sales price of $215,000. Hotspotting.com.au’s <a target="_blank" href="https://www.propertyobserver.com.au/hotspots/mining-towns-could-be-2012-property-hotspots-terry-ryder/2012011153008">Terry Ryder picked Tennant Creek</a> as the best-performing Northern Territory market of 2011.
The Indian mining giant is believed to be in advanced discussions for a $200 million line-of-credit loan to fund the acquisitions and other mine development programmes, reported Indian website Zeebiz.com.
It has also been reported the NMDC is seeking to invest in Queensland coal projects.
NMDC is expected complete negotiations and due diligence processes for the two mines by March.
Indian interest in Australian mines follows increasing Asian investment in Australian mines including South Korea steelmaker Posco recently expanding its holdings in the Roy Hill iron ore mine in the Pilbara from 3.75% to 15%.
In 2010 Posco acquired a 70% stake in Anglo's Sutton Forest coalmine, on the NSW south coast, for $50 million.
Thailand coal group Banpu acquired 80% of Centennial Coal in July 2010 for $2 billion.
NMDC investment in Wonarah will help fund the building of a railway link to Tennant Creek, which could cost as much as $620 million.
Wonarah is one of the largest under-developed phosphate reserves in Australia, with an estimated resource of 1.26 billion tonnes. Wonarah's phosphate rock is one of the key inputs of the global fertiliser market.
Reports that NMDC is carrying out due diligence of the Wonarah mine follows it entering into a memorandum of understanding with Minemakers in July last year to acquire a 50% interest in the project.
<img src="/images/stories/ridley.jpg">
Last year, NMDC, which has a market capitalisation of around $20 billion, acquired a majority holding (50%) of Perth-based Australian exploration company Legacy Iron Ore for $18.9 million.
NMDC is India's largest iron ore producer and exporter, presently producing about 30 million tons of iron ore from three mines in India.
To find out more about Asian investment in Australian real estate download our free eBook: <a href="http://propertyobserver.com.au/ebooks/free-ebook-foreign-investment-in-australian-property-markets">Foreign Investment in Australian Property Markets</a>.
 
 
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Indian mining group set to buy two Australian mines

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Belvedere, a limestone 1897 Cottesloe residence, has been listed with $5.5 million-plus hopes. 
It’s been listed by <city><place>Perth</place></city> lawyer Liz Barclay through estate agent Justin Davies of Space Real Estate. 
The heritage-listed house with turret views to <place><placename>Rottnest</placename><placetype>Island</placetype></place> is one of three limestone homes in a rare grouping that includes Tukurua and Le Fanu. They are examples of grand beachside homes exhibiting the affluence that accompanied the gold boom of the 1890s. 
Belvedere was constructed by a wealthy mining investor, J. J. Campbell, who managed a tin mine in <state><place>Queensland</place></state> and built Belvedere for his father, mother and siblings. 
It was used as a family residence until the 1930s, when it was let out as a boarding house. 
In 1974 the house was put on the market as a development site but purchased by Loretta and Tom Pell, who restored the house for family use. 
Belvedere was set for demolition in 1974 but the <street><address>Rosendo Street</address></street> house, which sits on a 1,300-square-metre block, was saved and restored to its former Federation Queen Anne-style glory. 
Cottesloe was named by Governor Frederick Broome, in 1886, soon gathering the wealthy of <city><place>Perth</place></city> during the summer months as the beach is sheltered from the south-west winds in summer and protected by reefs and islands off the coast. 
Although the <city><place>Perth-to-Fremantle</place></city> railway opened in 1881, the beach remained relatively unsettled, with only six permanent residents living there in 1893. 
But by 1897, the population of the Cottesloe area was approaching 1,500 permanent residents. 
Its three-storey, 11-metre-tall tower was reputedly built so that retired sea captain Thomas Campbell could watch shipping movements with a telescope. 
The property which originally stretched to the beach reserve is now 50 metres from the beach. 
It has five bedrooms, two bathrooms, wrap-around verandas and pool. It last traded in 2005 at $3.85 million. 
Another Cottesloe Federation Queen Anne-style property, Trafalgar House, constructed in 1915 for William Liddell, the manager of Hoskins Foundry and Kalgoorlie Foundry, is listed through Chris Shellabear at Shellabears.
 
 
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jchancellor-FAypfDUnLy

Summer Beach Spotlight: Cottesloe 1890s mining boom offering with captain’s turret

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Anuket at Mosman Park in Perth has been listed for sale in a partially gutted state.
It last sold in 2008 when property developer Luke Saraceni bought it from mining speculator David Rigoll, the former early-1990s Colonial Resources managing director, through agent William Porteous for $16 million.
It had previously also traded at $16 million in 2007 when offloaded by Firepower director Tim Johnston, who had bought it from property developer <a target="_blank" href="https://www.propertyobserver.com.au/residential/warren-anderson-homeless-and-bankrupt/2011112552549">Warren Anderson</a>.
The house was built for the Burswood Casino developer Dallas Dempster to a design by architect Louise St John Kennedy.
Its latest listing agent, William Porteous from <a target="_blank" href="https://www.porteous.com.au/property.aspx?pid=263778">William Porteous Properties International</a>, is marketing it as "one of Perth's most iconic properties". The house is gutted and ready to be finished to one's own standard, Porteous has advised potential inspectees.
It's partially renovated and partially gutted, Porteous says.
Set on a 1,425-square-metre block, it comes with five bedrooms, six bathrooms and four living areas. The Chidley Way property comes with a huge lap pool overlooking the Swan River.
It's not a rushed marketing campaign, as expressions of interest don't fall due until March 2012.
Porteous says the vendors will meet the market.
 
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Perth developer Luke Saraceni's partially gutted Mosman Park residence listed for sale 

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As it releases a list of the top 10 most discounted properties in Western Australia, SQM Research notes that the discounting occurring in Perth has been a little more severe than some of the other capital cities.
"We have often featured Perth homes possessing massive discounts in our national top 10 as well as homes from Perth which have spent an excessive amount of time on the market," SQM Research director Louis Christopher says. 
He says Perth's housing market is the weakest among Australian capital cities and says it is likely to bottom out next year.
"In terms of the Perth housing market in general, SQM Research forecasts that it will likely post the biggest falls of the capital cities for 2011 between 7.8% and 9.8%. If the economy manages to scrape through next year, house prices for Perth are likely to bottom out and we will not see further substantial declines," Christopher says.
<div></div>
<div></div>
<div>
<h2 style="font-size: 18px; line-height: 21px;">1</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D107366585">146 Maddington Road, Maddington, WA, 6109</a>
On the market since: April 30, 2011
Initial asking price: $5.5 million
Current asking price: $3.5 million
Reduction: 36%
Days on market: 126
 
<h2 style="font-size: 18px; line-height: 21px;"></h2>
<h2 style="font-size: 18px; line-height: 21px;">2</h2>
<a href="&lt;http:/sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2007193295" target="_blank">290 Viveash Road, Swan View, WA, 6056</a>
On the market since: June 5, 2008
Initial asking price: $2.29 million
Current asking price: $1.5 million
Reduction: 34%
Days on market: 1,187
 
3
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D107391748" target="_blank">4 Shoran Court, Ocean Reef, WA, 6027</a>
On the market since: May 14, 2011
Initial asking price: $990,000
Current asking price: $695,000
Reduction: 30%
Days on market: 112
 
<h2 style="font-size: 18px; line-height: 21px;">4</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106243474" target="_blank">4/19 Broome Street, Cottesloe, WA, 6011</a>
On the market since: January 10, 2010
Initial asking price: $1.2 million
Current asking price: $850,000
Reduction: 29%
Days on market: 601
 
<h2 style="font-size: 18px; line-height: 21px;">5</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008488770">19/1 North Lake, Alfred Cove, WA, 6154</a>
On the market since: July 26, 2010
Initial asking price: $1.18 million
Current asking price: $849,000
Reduction: 28%
Days on market: 406
 
<h2 style="font-size: 18px; line-height: 21px;">6</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106289694">309 Scarborough Beach Road, Woodlands, WA, 6018</a>
On the market since: February 7, 2010
Initial asking price: $1.1 million
Current asking price: $795,000
Reduction: 28%
Days on market: 573
 
<h2 style="font-size: 18px; line-height: 21px;">7</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106544887">1/43 Preston Point Road, East Fremantle, WA, 6158</a>
On the market since: May 23, 2010
Initial asking price: $1.1 million
Current asking price: $800,000
Reduction: 27%
Days on market: 468
 
 
<h2 style="font-size: 18px; line-height: 21px;">8</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008749778">227 Franklin Road, Wanneroo, WA, 6065</a> (pictured)
On the market since: December 27, 2010
Initial asking price: $1.5 million
Current asking price: $1.095 million
Reduction: 27%
Days on market: 252
 
<h2 style="font-size: 18px; line-height: 21px;">9</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106857522">21 Robertson Road, Ledge Point, WA, 6043</a>
On the market since: September 25, 2010
Initial asking price: $880,000
Current asking price: $649,000
Reduction: 26%
Days on market: 357
 
<h2 style="font-size: 18px; line-height: 21px;">10</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D107023981">5 Park Street, Inglewood, WA, 6052</a>
On the market since: November 27, 2010
Initial asking price: $649,000
Current asking price: $495,000
Reduction: 24%
Days on market: 294
 
SQM Research also offers a list of the <a target="_blank" title="SQM Research" href="https://www.sqmresearch.com.au/top100bargains.php">Top 100 Biggest Bargains in Australia </a>for sale.
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cknowlton-QnEa6ntUYP

Discounting more severe in Perth than in some other capitals: SQM Research

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{yoogallery src=[images/stories/october11oceanique]}
Serious money is beginning to trickle back in the WA’s troubled prestige residential market, with Port Bouvard securing another two settlements on its Oceanique development. 
Located on the waterfront at Dawesville, south of Perth, the latest settlement is for a $2.1 million apartment in the glamorous project. This brings the total number of sales to 27 units in the 66-unit twin-tower building, for a total of $65.7 million. 
Despite being lauded with awards from the Master Builders association, the UDIA and the Royal Australian Institute of Architects WA Chapter, the project was released into a troubled market. 
“Sales are slow but we are making them, which is good for these market conditions,” says Port Bouvard executive director Stephen Court. 
Of the 27 sales, 19 relate to presales and eight are deals secured since December, when the company discounted some units by 40%. 
The developer has targeted investors who specialise in buying display units and lease them back for its three display apartments in Oceanique. 
“We are offering a 9% return for two years on these units, which are worth between $900,000 and $2 million,” Court says. “This is a tried-and-tested marketing method and a good opportunity for investors with their cash parked up to get into the market at low and even sub-market prices.” 
<a href="https://www.propertyobserver.com.au/news/was-south-west-shaken-not-stirred/2011070650723" target="_blank">Late last year the company started a savage price-slashing campaign to stimulate interest</a>, and it brought several sales to the table and renewed interest. 
Now prices are steady at 25% off original projections set in 2007. “We started marketing Oceanique in 2007 when the market was blasting along, so we were hit hard by the GFC,” Court says. 
The company is pursuing some sales made off the plan through the Supreme Court.
About half of the 15 pre-sales are currently in mediation as part of the judicial process while the balance are in “sensible negotiations” with the developer. “Some people were ruined by the GFC and we are not interested in that type of business, but we will go all the way to settle deals that were done,” Court says says. 
Next year Port Bouvard will start construction of a massive 3,080-home site and marina development at Point Grey in WA’s Peel region and has plans for a canal project in Esperance for 2014.
For advice on buying off the plan download our free e-book.
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Calmer waters for WA's luxury Oceanique development as sales pick up

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The house at 20 Jutland Parade, Dalkeith is one of the trophy homes of Perth even though its riverfront block has been long subdivided off.
Its listing agent William Porteous of William Porteous Properties International says the imposing Palladian Villa is a world-class residence created with exquisite style in a magnificent riverside setting. It has price hopes around $20 million. 
It was built by the late Bond Corp lieutenant Peter Beckwith. When last sold in 2006 for $12.25 million, the price put the six-bedroom, nine-bathroom Dalkeith palazzo equal second on Perth's prestige sales list with a $15 million cliff-top Claremont riverfront property holding top spot.
Of course since then the Angela Bennett compound sold in 2009 for $57.5 million and there’s been the recent $39 million sale of the <a href="https://www.propertyobserver.com.au/western-australia/mining-magnate-buys-perth-s-second-most-expensive-house/2011080751060" target="_blank">former Alan Bond house in Dalkeith</a>.
The Beckwith mansion was built over four years in the late 1980s, reportedly at a cost of $9 million. Entry to the home is through a marbled entrance hall crowned by a domed cupola framing an antique French chandelier sourced from a Russian palace. The mansion has been completely refurbished in recent years. 
The former Bond Corp chief lived in it for only a short time before he died from a brain tumour in July 1990. The Jutland Parade house was first sold in 1996 for a record $8.5 million by Beckwith's widow, Valerie, after she struck a deed of settlement with his bankruptcy administrators
The buyer, the shopping centre developer Jack Bendat, sold it for $9.15 million in 1999 to Michael Boyd, who built his fortune through Sonic Healthcare. Boyd hived off the riverfront croquet garden for $5.6 million in 2004 and then the house for $7 million in 2005.
Offers are due October 7 with William Porteous.
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Boomtime '80s Beckwith mansion tops Perth's spring listings

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56 Gloster Street, Subiaco, WA, 6008
With period charm and modern amenities, this six-bedroom, two-bathroom in the Perth suburb of Subiaco has plenty of room for a large family. Built in the 1920s but completely refurbished, it includes polished floorboards, a bullnose veranda and an outdoor area with a barbecue and pizza oven. The property is being marketed by <a href="https://www.paxtonhoad.com.au/property.aspx?pid=258383" title="Paxton Hoad" target="_blank">Paxton Hoad Subiaco</a> agent James Paxton with price hopes of $2.25 million. 
 
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Living large in Subiaco

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The property market in one of Australia’s most remote towns appears to be turning around, if you believe figures put out by the Real Estate Institute of Western Australia. 
The institute says the median house price in Broome, 2,200 kilometres north of Perth, increased by 6% over the June quarter of 2011. 
In comparison, Perth house prices fell 3% over the quarter, the fifth consecutive quarterly contraction. Houses are now selling at the pre-GFC level of about $475,000, a fall of 6% from the March 2010 peak of $505,000. 
Broome’s performance in the June quarter not only stands out in stark contrast to Perth, but is a significant turnaround on the regional market’s performance earlier this year. 
In the March quarter, Broome house prices fell by 9.1% and were down 11.8% compared with a year prior, according to Real Estate Institute of Australia figures, with houses selling in a wide range between $533,000 and $700,000. 
More recent data compiled by Australian Property Investor shows Broome house prices down 8.1% for the three months to April 2011 and 15.4% over the 12-month period, with a median house price of $533,000, median weekly rent of $565 and a yield of 4.5%. 
Broome is most famous for its pearls, the white sands of 22-kilometre long cable beach and as a tourist destination. It has a resident population of about 15,000. 
Despite its remoteness, Broome can be reached by air from most capital cities and is connected by road via the Great Northern Highway and the North West Coastal Highway. 
Graham McGinn of Hutchinson Real Estate says prices in Broome are showing some signs of firming, with the rental market still very strong. 
“There is some upward pressure on rents,” he says.
McGinn says that in the past Broome has been very attractive due to its rental return, but investors are now conspicuous by their absence. 
“Most buyers are owner-occupiers,” he says. 
“We still get sea changers coming to Broome. People who are travelling around Australia stop and have a look around. If they like it, some come back and buy.” 
“They come for the beach lifestyle, though it gets pretty hot during the wet season which runs from November to March,” he says. 
He describes the most recent wet season as “fantastic”, which may have played a factor in the recent uptick in Broome prices over the quarter. 
McGinn says vendors currently have to discount their properties anywhere between 4% and 8% of the asking price. 
Recently, gas giant Woodside received state approval for its controversial $30 billion Kimberley LNG hub at James Price Point. 
McGinn says it the project will have some impact. 
Allan Griffiths, principal at First National Real Estate Broome, is also hopeful the project will give a boost to Broome property prices. 
He questions the latest REIWA figures and says the market is “fairly flat”. 
“The increase is coming from low base of turnover,” he says, adding that the median price might have been given a boost by the recent sale of a house at Sunset Park near Cable Beach for around $1.35 million. 
“The market is very selective. We won’t list properties that are overpriced.” 
“There is ample supply and limited demand. There have been no investors in the market for some time,” he says. 
State government land developer LandCorp has recently released a large quantity of land into the market. 
Two key developments include Broome North, which will ultimately be home to up to 13,000 people, and the 35-hectare Januburu Six Seasons estate, which will eventually accommodate 345 homes across single residential and group housing lots. 
However, Griffiths says it’s cheaper to buy an established house in Broome than buy land and build on it</body></html>

Hotspots: Broome market turning around

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55A Swanview Terrace, South Perth, WA, 6151
With striking marble everywhere you look and opulence in every fitting and fixture, this house is anything but understated. It comes fully furnished and includes artwork. The owner, who demands that all visitors remove their shoes before inspecting the property, had the property as part of an investment portfolio, and it has never been lived in. Overlooking the Swan River foreshore, this 513-square-metre house includes a home theatre, fleur-de-lis woollen carpets throughout, $10,000 worth of textured wallpaper and piped music throughout. It has five bedrooms and three bathrooms and more space than an owner will know what to do with. It is being sold by <a href="https://www.verseproperty.com.au/Buying/Search/Detail.aspx?id=VPG215&amp;wlid=8dc7898f-d920-406c-b1e6-5ec7310eb8a2" target="_self" title="Verse Property">Verse Property </a>agent Prakesh Dayanandan with price hopes of $5.85 million plus. 
 
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