Melbourne developer Spacious Group has completed Voyage Altona, one of the closest new apartment developments to Altona Beach.

Off the plan purchasers have started moving into the 49-apartment project on Pier Street, with the remaining move-in-ready one-, two- and three-bedroom apartments starting from just over $500,000.

Display apartments have now been fitted out, allowing prospective buyers to inspect the completed residences by appointment.

[smartcode_project:default project_id=112195 project_image_fid=372638]

The completed apartments feature open-plan living and dining areas which extend onto private balconies and terraces, while full-height glazing maximises natural light throughout the interiors.&nbsp;

Hybrid timber-look flooring, stone benchtops, Miele appliances, porcelain-tiled bathrooms and generous storage feature throughout the building which also features landscaped communal areas, expansive shared terraces, lift access and secure on-grade parking.

Drawing inspiration from its bayside setting, Voyage adopts a restrained palette of warm neutral tones and textured finishes. Many of the apartments take advantage of views across Port Phillip Bay, while the indoor-outdoor living spaces have been designed to make the most of the coastal outlook.

[smartcode_project:default project_id=112195 project_image_fid=3286]

Voyage was developed to address what Spacious Group identified as an undersupply of higher-quality apartment product in Altona, with a focus on owner-occupiers looking to remain within the bayside community.

"Voyage responds to very strong local buyer demand for quality, owner-occupier-focused product," says Barry Plant Projects Director Jarrod Farey, who has handled sales since the project's launch.

"The project delivers an elevated lifestyle proposition, with its design and quality of finish far exceeding anything previously produced in the area, as well as its proximity to Pier Street Village and the beach."

The majority of purchasers have been local downsizers and owner-occupiers looking to stay within the Altona community but who previously had limited opportunities to buy a brand-new apartment.

[smartcode_project_cta:default project_id=112195]

Joel Robinson

Spacious Group completes Voyage Altona in Altona's beachside precinct

Homecorp has secured approval for a $360 million apartment development at Budds Beach, paving the way for one of the Gold Coast's most amenity-rich residential projects to launch later this year.

Gold Coast City Council has approved Lýon Residences, a 32-level tower that will deliver 178 two and three-bedroom apartments across a prominent corner site at 8-10 Acacia Avenue and 25-27 Oak Avenue.

The approval comes as developers continue to invest in premium lifestyle-driven apartment projects on the Gold Coast, where owner occupiers are increasingly prioritising amenity as much as apartment size and location.

<a href="https://www.apartments.com.au/new-apartments/l-on-residences-25-27-oak-avenue-surfers-paradise-qld-4217">Lýon Residences</a> has been designed around a resort-style wellness offering, headlined by a Moroccan-inspired spa precinct featuring treatment rooms, a Nordic sauna and steam room, hot and cold plunge pools, a soaking pool and a residents-only juice bar.

The rooftop will include a heated infinity pool and spa, residents' lounge with private kitchen and bar, gymnasium, yoga and Pilates studio, outdoor entertaining areas and barbecue facilities overlooking the Surfers Paradise skyline.

<img alt="Lyon" data-entity-type="file" data-entity-uuid="2d3e29af-8793-486e-a684-52cef862241f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-15%20at%204.32.26%E2%80%AFPM.png?VersionId=ayG2zpLf3SS6Zy8XmKDcQods4kVWb0gm" />

Homecorp Founder and CEO Ron Bakir said Budds Beach provided the ideal location for the company's latest luxury apartment project.

"Budds Beach represents one of the most unique and sought-after pockets of the Gold Coast, and Lýon Residences has been designed to reflect that sense of rarity and refinement," Bakir said.

The project arrives as wellness continues to become a defining feature of new residential developments both in Australia and internationally.

The latest Global Wellness Institute figures show wellness real estate remains the fastest-growing segment of the global wellness economy and is forecast to exceed $1.8 trillion by 2030. Australia continues to rank among the world's 15 largest wellness real estate markets, with developers increasingly integrating health, recreation and community facilities into apartment projects.

Queensland is also experiencing strong population growth, with the Gold Coast continuing to outperform many other Australian cities as demand for new housing remains elevated ahead of the 2032 Olympic and Paralympic Games.

Bakir said the project had been designed to respond to that shift in buyer expectations.

"Strong population growth and sustained demand across the Gold Coast continue to highlight the need for well-designed new housing supply. Lýon Residences responds directly to this demand while setting a new benchmark for residential living," he said.

Each apartment has been designed to maximise views across the coastline, the Nerang River and the Gold Coast hinterland.

Located just minutes from Surfers Paradise beach and the Broadwater, the development also offers easy access to the light rail network, Broadbeach and Burleigh Heads.

Early site works are underway, with construction expected to commence later this year.

Homecorp approved for Budds Beach apartment tower, Lýon Residences

New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.

Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.

Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.

[smartcode_project:default project_id=28384 project_image_fid=3823]

Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.

The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.

"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.

"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."

[smartcode_project:default project_id=28384 project_image_fid=3826]

The rarity of the development hasn't been lost on prospective buyers, McSweeney says.

For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.

"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."

The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/N_FowNW0wu8?si=vb25XFq1wZ-iufAW" title="YouTube video player" width="560"></iframe>

A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.

The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.

At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.

[smartcode_project:default project_id=28384 project_image_fid=372542]

The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.

Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.

Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.

"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."

Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.

[smartcode_project_cta:default project_id=28384]

North-facing Swan River views drive demand at Rivière Residences in Applecross

Nearly 60 per cent of apartments at McNab Group's $220 million The Tannery development in Brisbane's West End have sold ahead of the project's public launch, including a suburb-record $2.57 million sale for a two-bedroom apartment.

The early sales campaign has secured buyers for 50 of the project's 87 apartments, highlighting continued demand for larger owner-occupier apartments that combine generous floorplans with premium lifestyle amenities in one of Brisbane's most tightly held inner-city suburbs.

[smartcode_project:default project_id=143337 project_image_fid=374768]

McNab Group Executive Chairman Michael McNab said selling more than half the project before launch reflected changing buyer expectations.

"Selling more than half the project before public sales open tells us buyers are actively seeking apartments that offer something genuinely different," McNab said.

"Today's buyers are looking beyond four walls. They want homes that genuinely enhance the way they live, with spaces that support health, connection and everyday wellbeing."

[smartcode_project:default project_id=143337 project_image_fid=374767]

A key point of difference for the project is the adaptive reuse of the heritage-listed Dixon's Tannery building, which will become The Retreat, a residents-only wellness precinct rather than being redeveloped into additional apartments.

The Retreat will feature a sauna and steam room, hot and cold plunge pools, a commercial-grade gym, Pilates studio, cinema, library, co-working spaces and private dining room. Rooftop amenities will include a swimming pool, landscaped gardens, outdoor entertaining areas and dog-friendly spaces.

[smartcode_project:default project_id=143337 project_image_fid=374760]

Designed by Cottee Parker Architects with interiors by Tom Mark Henry and landscape architecture by Aspect Studios, The Tannery comprises 87 two, three and four-bedroom apartments across 11 levels overlooking the Brisbane River.

Cottee Parker principal Dee Passenger said preserving the original tannery building had been central to the project's design.

"The easy option would have been to maximise the site's development potential with additional apartments. Instead, McNab has chosen to preserve the original tannery as a shared wellness retreat, ensuring this important piece of Brisbane's history remains at the heart of the community."

Passenger said sustainability also played a key role in the design, with materials from the original industrial site salvaged and repurposed throughout the development.

[smartcode_project:default project_id=143337 project_image_fid=374761]

Motiv CEO Carly Cottam said buyers had responded strongly to the combination of larger apartments, wellness facilities and the West End lifestyle.

"We are seeing more buyers looking for homes in the sky that provide the space and functionality of a traditional home, while benefiting from the convenience and lifestyle that apartment living brings," Cottam said.

She said purchasers included both owner occupiers and investors, with demand coming from local buyers as well as interstate purchasers.

Coinciding with the public launch, McNab also announced a partnership with Queensland Ballet, whose neighbouring Thomas Dixon Centre shares historical ties with the original Dixon family.

Located on a 4,465 sqm site at 439 Montague Road, The Tannery overlooks the Brisbane River and is around 10 minutes from the CBD.

Construction is underway, with completion expected in the second half of 2027.

[smartcode_project_cta:default project_id=143337]

More than half of residences sold before public sales as McNab announces significant partnership with Queensland Ballet

McNab's The Tannery nears 60 per cent sold before public release, sets two-bedroom West End record

Iwan Sunito's vision for a landmark mixed-use precinct in Sydney's Inner West has taken a major step forward, with approval granted for the $1.9 billion Five Dock development first unveiled earlier this year.

The approved scheme by <a href="https://www.apartments.com.au/developers/one-global-capital">One Global Capital</a> will deliver an 80,500 sqm mixed-use precinct comprising 840 apartments, integrated hotel accommodation, commercial and retail space, alongside publicly accessible open space designed to create a new destination for the growing suburb.

"This is a significant milestone for One Global Capital and for the future of housing delivery in Sydney," Sunito said.

"The Housing Delivery Authority was established to identify major housing projects capable of delivering meaningful supply more efficiently, and we are delighted that Spencer Street has been recognised as one of those projects.”

He said the declaration reflected the rapid progress achieved since acquiring control of the site.

"In less than seven months we have progressed from taking control of the site to securing entry into one of the NSW Government's most important planning pathways. It reflects the experience of our team, the strength of our consultant group led by Urbis, and our long-term commitment to delivering transformational projects that contribute to Sydney's future."

When the project was revealed earlier this year, Sunito described the opportunity as one of the strongest development sites he had worked on.

"I probably hadn't appreciated the uniqueness of the site until more recently when putting together the concept plans," Sunito said.

"The proximity to the water, and the golf course opposite, is unlike any other part of Parramatta Road. We have a unique position and view corridors over the water that makes this one of the best sites I've worked on."

The development has evolved since its initial announcement, with the approved plans increasing the residential component from the originally proposed 750 apartments to 840 homes while retaining the project's focus on creating an integrated neighbourhood rather than a standalone residential development.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/a-city-within-a-city-iwan-sunito-flags-1-5-billion-mixed-use-precinct-in-five-dock">"A city within a city": Iwan Sunito flags $1.5 billion mixed-use precinct in Five Dock</a>

The precinct will combine apartments with hotel accommodation, commercial workplaces, retail offerings and public spaces, creating a mixed-use environment intended to serve both residents and the broader Five Dock community. The proposal also continues the collaboration between One Global Capital and internationally recognised architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a>, whose previous work with Sunito includes Infinity, Arc and Skye North Sydney.

Takada previously said the design was driven by a philosophy of integrating nature into the built environment.

"The concept for this development is born from our design approach to naturalising architecture," Takada said.

"The public realm benefits from biophilic design that integrates generous landscaping, and the development is optimised for natural daylight, airflow and water views to foster wellbeing, sustainability and spaces that foster community interaction."

Sunito has consistently described the project as a "city within a city", with a strong emphasis on creating a destination that extends beyond housing.

"We want to create a development that's not only to be seen, but to be experienced by the whole local community," he said.

The approval comes as Five Dock continues its transformation ahead of the opening of the Sydney Metro West line, with the new Five Dock station set to significantly improve connections between the Inner West, Parramatta and the Sydney CBD.&nbsp;

The precinct will also benefit from its proximity to the Parramatta Road corridor, nearby waterfront parklands and established retail and dining offerings that have made Five Dock one of Sydney's most tightly held Inner West suburbs.

Iwan Sunito secures approval for $1.9 billion Five Dock mixed-use precinct

Tradespeople

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Australia is in the midst of a tradie shortage in years with many home owners unable to find anyone qualified to complete their home improvement jobs, according to ServiceSeeking.com.au
On average, jobs listed on ServiceSeeking.com.au receive four quotes, however, there are a number of specific categories that aren't getting filled.
The website noted apprenticeships are now at their lowest since 2004, according to figures released by the Mitchell Institute. 
"This gap in the market offers a great opportunity for tradies looking to grow their business," Jeremy Levitt, CEO of ServiceSeeking said.
"The few tradies that do work in these industries are never short of work and charge premium prices as customers grow desperate to get them done."
The percentage of niche jobs in FY17 with no tradies:
<ol>
<li>Bathtub resurfacing (69%)</li>
<li>Glass installation (64%)</li>
<li>Staircase jobs (64%)</li>
<li>Garage, shed and carport installation (60%)</li>
<li>Stonework and masonry jobs (56%)</li>
</ol>
  
<table style="width: 712px;"><tbody>
<tr>
<td>
Niche Category
</td>
<td>
Missed revenue (FY17)
</td>
<td>
Average value per job
</td>
<td>
% of jobs with no tradies
</td>
</tr>
<tr>
<td>
Stonework and Masonry
</td>
<td>
$996,875
</td>
<td>
$3,438
</td>
<td>
56%
</td>
</tr>
<tr>
<td>
Cabinetmaking
</td>
<td>
$898,149
</td>
<td>
$1,576
</td>
<td>
39%
</td>
</tr>
<tr>
<td>
Garages, sheds and carports
</td>
<td>
$717,723
</td>
<td>
$643
</td>
<td>
60%
</td>
</tr>
<tr>
<td>
Insulation Installation
</td>
<td>
$645,641
</td>
<td>
$1,416
</td>
<td>
55%
</td>
</tr>
<tr>
<td>
Staircases
</td>
<td>
$504,000
</td>
<td>
$2,400
</td>
<td>
63%
</td>
</tr>
<tr>
<td>
Carpet laying and Installation
</td>
<td>
$404,172
</td>
<td>
$1,199
</td>
<td>
41%
</td>
</tr>
<tr>
<td>
Bathtub Resurfacing
</td>
<td>
$236,000
</td>
<td>
$500
</td>
<td>
69%
</td>
</tr>
<tr>
<td>
Tinting and films
</td>
<td>
$122,563
</td>
<td>
$360
</td>
<td>
46%
</td>
</tr>
<tr>
<td>
Fridge repair
</td>
<td>
$68,969
</td>
<td>
$146
</td>
<td>
55%
</td>
</tr>
<tr>
<td>
Glass Installation
</td>
<td>
$30,800
</td>
<td>
$560
</td>
<td>
64%
</td>
</tr>
<tr>
<td>
Total missed revenue:
</td>
<td colspan="3">
$4,970,038
</td>
</tr>
</tbody></table>
This data was derived from over 52,000 quotes submitted by customers to <a href="https://serviceseeking.apms5.com/anywhere/m?s=serviceseeking&amp;m=s_205f66db-c70a-4d91-bce6-8c33e656d58d&amp;u=e1jq4wvfdtfkeh9r890m4dht5n138hht5mu36d9j5mwkaha25mu34chq8cw3echh6ct48&amp;r2=d1u78w1u5wqn6tbjetmp6takcnjppubecwq66vvd5tgqa&amp;n=3" target="_blank" rel="noopener noreferrer">ServiceSeeking.com.au</a> over FY17.
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j.ballantyne1990-6AQqhLzZaK

Tradie shortage means some jobs go wanting

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Step-by-step guidelines to help identify asbestos in domestic properties has been released by the Asbestos Education Committee in partnership with the Asbestos Diseases Research Institute.
The guides, ‘Asbestos Awareness Healthy House Checklist – A Homeowners Guide To Identifying Asbestos-Containing Materials’ and the ‘Residential Checklist For Tradies – A Tradespersons Guide To Asbestos Containing Materials In Domestic Properties’ is available from <a href="https://www.asbestosawareness.com.au" target="_blank">www.asbestosawareness.com.au</a>.
The checklists include product images and lists each possible location where asbestos-containing materials might be found both inside and outside homes as well as simple step-by-step instructions.
Cherie Barber, Asbestos Awareness Campaign Ambassador said the health risks to anyone working on domestic properties when asbestos materials are disturbed is something every Australian needs to take seriously because asbestos doesn’t discriminate.
“The Healthy House Checklist provides a practical guide for homeowners enabling them to conduct a simple step-by-step easy to follow visual inspection of their property," she said.
“In doing so, homeowners will improve their understanding of the sorts of products to look for, the locations where asbestos might be found and how to manage these products safely. 
"The checklist also enables homeowners to maintain a record of possible asbestos locations should work or renovations be anticipated in the future and monitor asbestos-containing materials to ensure they remain sealed,” she said.
</div>
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<div class="page" title="Page 2">
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“Until now, the only information available to homeowners wishing to conduct visual inspections of residential properties has often been cumbersome, complex, extensive documents that can be difficult to access."
Peter Dunphy, Founding Chair of the Asbestos Education Committee said, tradespersons are particularly at risk because all too often they’ve come from a culture where asbestos risks have been ignored.” 
“While tradies may have worked with asbestos in the past and ignored the warnings, they need to be aware that the more a person is exposed to fibres, the greater the risk of developing asbestos-related diseases so it’s vital that they conduct visual inspections of properties to look for the potential dangers to ensure they’re managed safely," he said.
“The ‘Residential Checklist For Tradies – A Tradespersons Guide To Asbestos Containing Materials In Domestic Properties’ will increase Tradies’ understanding of the various products they need to be wary of when working on residential properties and ensure they engage suitably qualified professionals to conduct asbestos-related work or remove asbestos-containing materials safely."
</div>
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</div>
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jonathanchancellor-7SQnKwU6yx

Property 101: Asbestos healthy house checklists for homeowners and tradies launched

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Hipages, Australia’s website for finding and hiring trusted tradies, has partnered with the Housing Industry Association (HIA), whose membership builds over 85 percent of all new residential detached, medium density and high rise construction work and undertakes over 80 percent of renovations in Australia.  
The new partnership will see HIA members having their membership visible on their hipages profile, indicating to customers which qualified trade and building professionals are registered with the HIA, as well as access to over 90,000 hipages’ monthly job requests.
“We’re thrilled to start working closely with the HIA team,” said Gideon Kline, Chief Commercial Officer of hipages. 
With over $1.35 billion worth of jobs processed annually, hipages has helped over 1.1 million Australians get projects done around the home, helping homeowners find professionals that are ready and available to do the job while providing tradies with tools to easily manage their workflow and grow their business.
Customers have access to more than 80,000 trade and building professionals, providing a simple platform to see reviews, contact businesses directly and get quotes within minutes.
“Technology is shaping the industry and with thousands of local recommendations and real time information at your fingertips, getting help and finding work has never been easier,” said Kline.
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jchancellor-FAypfDUnLy

Property 101: hipages partners with the HIA

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Uncertainty around the housing market has affected the cost of renovating in NSW with costs rising by just 0.8 per cent in the past year.
According to data released by ServiceSeeking.com.au, NSW costs have fallen below the national Consumer Price Index (CPI) for the same time period.
The state average for a tradie has stabilised at $60.25 an hour, 2.3 percent less than the national average of $61.65
It’s a great time to get stuck into your renovation plans, says ServiceSeeking.com.au.
 “If you’ve been dreaming of a new kitchen, bathroom, entertaining area or applying a new coat of paint to your house, then now is the time to take advantage of a slowing down in home renovation prices," said ServiceSeeking.com.au CEO Jeremy Levitt
It is cheaper to renovate in NSW than Western Australia ($67.34 up 1.8 per cent) and Queensland ($63.14 up 4.4 per cent).
Victoria is the cheapest and the only state to record a drop in prices by 2.2 per cent to $57.28.
The trades which bucked the trend in NSW were carpentry (up 11.3 per cent on the national average at $62.83 an hour) and painting (where prices were 10 per cent higher).
Other big price changes affected electricians - who were 9.4 per cent cheaper in NSW than the national average - and plumbing at 4.2 per cent cheaper.
The prices were derived by comparing 52,000 quotes submitted through the online services marketplace during the FY16 Q4.
To view price changes across 10 popular renovation services around the country, including major capital cities, see <a href="https://ib3.bislr.net/m?s=serviceseeking&amp;m=s_4e868d04-e38e-4d68-9756-a7b45fffcc78&amp;u=e1jq4wvfdtfm2e2174w3ee1k5n346ga45mu30ha25mw3ehhj5muk4dhr8cu4ad2568v46&amp;r2=d1u78w1u5wqqexvq5ttpawkpd5hpawv5cnnpjvk75thpyvkd5tgqabvjcnq6yxk1ehmpyvkk&amp;n=1" target="_blank">www.serviceseeking.com.au/renovations</a>
 
<img src="/images/2016/08/03/Screen%20Shot%202016-08-03%20at%209.28.37%20AM.png" alt="">
 
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How much to pay your tradie? NSW cheaper than national average for renovations

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The upkeep and maintenance of rental properties by tradespeople and maintenance workers is directly related to the tax offset of "Other Rental Deductions" according to Nicholas Proud, principal, Property and Construction Analytics Australia.
He said the most recent ATO Taxation data saw Other Rental Deductions soar to $18.376 billion for 2013-14 which via negative gearing drives repairs and maintenance activity in such a way that should see tradies taking more than a casual interest in the result of the July 2 election.
“Outside of council rates, water charges , travel and insurances there are a lot of plumbers, sparkies, chippies and other asset maintenance workers such as cleaners, gardeners and handymen whose work makes up this Other Rental Deductions figure that can be claimed by property owners at tax time," he said.
“Unlike any election before the value of this type of work assisted by negative gearing concessions is at record levels.
“In contrast to other elections, annual Other Rental Deductions in 1996 sat at $4.55 billion at the time of the election of the Howard Government, it has risen by $13.83 billion per annum since then. Even more recently, since the 2007 election of the Rudd Government the annual value of Other Rental Deductions declared has increased by $6.82 billion.
“What hasn’t been factored into account really is the impact on those smaller handy trades that comprise a significant part of the property and construction workforce if the negative gearing concession is changed or quarantined to new dwellings only.
 
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="156">
Taxable Income
</td>
<td valign="top" width="100">
Other Rental Deductions
</td>
<td valign="top" width="89">
Other Rental Deductions No.
</td>
<td valign="top" width="63">
Average Deduction
</td>
<td valign="top" width="64">
%
</td>
</tr>
<tr>
<td valign="top" width="156">
Less than or equal to $18,200
</td>
<td valign="top" width="100">
$2,253,074,560
</td>
<td valign="top" width="89">
277,693
</td>
<td width="63">
$8,114
</td>
<td width="64">
14%
</td>
</tr>
<tr>
<td valign="top" width="156">
$18,201 to $37,000
</td>
<td valign="top" width="100">
$2,325,522,579
</td>
<td valign="top" width="89">
314,028
</td>
<td width="63">
$7,405
</td>
<td width="64">
16%
</td>
</tr>
<tr>
<td valign="top" width="156">
$37,001 to $80,000
</td>
<td valign="top" width="100">
$5,632,316,431
</td>
<td valign="top" width="89">
702,735
</td>
<td width="63">
$8,015
</td>
<td width="64">
35%
</td>
</tr>
<tr>
<td valign="top" width="156">
$80,001 to $180,000
</td>
<td valign="top" width="100">
$5,686,914,423
</td>
<td valign="top" width="89">
575,554
</td>
<td width="63">
$9,881
</td>
<td width="64">
29%
</td>
</tr>
<tr>
<td valign="top" width="156">
$180,000 or more
</td>
<td valign="top" width="100">
$2,479,123,491
</td>
<td valign="top" width="89">
149,268
</td>
<td width="63">
$16,609
</td>
<td width="64">
7%
</td>
</tr>
<tr>
<td valign="top" width="156">
Total
</td>
<td width="100">
$18,376,951,484
</td>
<td width="89">
2,019,278.00
</td>
<td valign="top" width="63">
 
</td>
<td valign="top" width="64">
 
</td>
</tr>
</tbody></table>
 
“By income, those on a taxable income under $180,000 are likely to declare an Other Rental Deduction under $10,000.
“Across the electorates, 126 out of the 150 lower house seats on average declared an Other Rental Deduction under $10,000.
“If negative gearing was quarantined to new homes only there would be no concession for  the upkeep of existing homes, which are the homes that most need the reinvestment.
“With no offset it is likely that only those repairs and maintenance that are most fundamental to the upkeep of the property will be made which not only will reduce activity and also have the potential to reduce the quality of rental stocks in the lower yield suburbs which would be detrimental to tenants.
“Exactly how many entry-level handy jobs and low-level trades maintenance workers would go is difficult to say, but the growth in this deduction since 1995-96 shows a reasonable baseline to consider the scale of any such decline."
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