Summary:

<ul>
	<li>The Crisafulli Government has announced abolishing stamp duty on new homes for first home buyers, will be the first priority of Parliament 
	&nbsp;</li>
	<li>The Revenue Legislation Amendment Bill 2024 to be the first piece of legislation debated in the Parliament, delivering major cost of living relief to Queensland first home buyers.&nbsp;&nbsp; 
	&nbsp;</li>
	<li>Abolishing stamp duty is a key commitment to deliver a Fresh Start for Queensland and restore a place to call home for more&nbsp;Queenslanders, easing the Housing Crisis.&nbsp;&nbsp;</li>
</ul>

<hr />
The Crisafulli Government has announced abolishing stamp duty on new homes for first home buyers will be the first action of Parliament this year, delivering major cost of living relief to Queenslanders.&nbsp;&nbsp;

The move will pave the way for thousands of first home buyers to save on upfront transaction costs, unlocking home ownership for more Queenslanders while also boosting housing supply across the State.&nbsp;

In the last decade, Queenslanders were locked out of the housing market with the state recording the lowest rate of home ownership of any state in the nation.&nbsp;

Abolishing stamp duty on new homes for first home buyers is just one of the actions the Crisafulli Government is taking to boost home ownership, including unlocking underused church and charity owned land for community housing, removing restrictions preventing first home buyers renting out rooms and kickstarting new development with a $2 billion investment in housing infrastructure.&nbsp;

A first home buyer purchasing a new house and land package in Toowoomba at the median price could save $24,730.&nbsp;

First home buyers would save $29,500 when purchasing a new build at the median price in Brisbane east, while in Logan-Beaudesert, they would have keep $6960 in their pocket.&nbsp;

Premier David Crisafulli said every Queenslander should have a place to call home.&nbsp;&nbsp;

“We are unlocking more homes for more Queenslanders, more quickly,” Premier Crisafulli said.&nbsp;&nbsp;

“For far too long, stalling housing approvals and skyrocketing housing prices have shut the door on Queenslanders walking into their own home.&nbsp;

“For the past decade, the dream of home ownership has become a nightmare for Queenslanders.”&nbsp;

Treasurer and Minister for Home Ownership David Janetzki said the LNP would put Queensland back on top of the home ownership ladder within a decade.&nbsp;&nbsp;

“Queenslanders are losing hope in the Great Australian Dream of home ownership and the situation has never been more dire for young people wanting to purchase their first home,” he said.&nbsp;

“Never before have so many young Queenslanders wanted to own a home, and never before have so many believed it is out of reach.&nbsp;

“The Crisafulli Government is delivering a fresh start for Queensland, and we are boosting housing supply to increase Queensland home ownership rates.&nbsp;

“Scrapping first home buyer stamp duty on new builds provides real savings and puts the Great Australian Dream back within reach.”&nbsp;

Joel Robinson

First home buyers to pay no stamp duty on new property in QLD Gov shakeup

The first box that many prospective home buyers tick is location. It’s often the first filter used when browsing property listing websites.

However, it’s essential to look beyond the suburb level. The location of a property within a suburb can vary dramatically, and it’s only by going deeper that buyers can truly appreciate the benefits of being in a prime spot.

Gold Coast developer <a href="https://www.urban.com.au/developers/sixty-sticks">Sixty Sticks</a> is shaking things up in Southport, an area where new developments have traditionally centered around the heart of the suburb. They’ve secured a prime park-facing site on Brighton Parade for their newly launched <a href="https://www.urban.com.au/new-apartments/brighton-on-the-park-southport-28-brighton-parade-southport">Brighton on the Park</a>&nbsp;development, offering a unique location that offers a superior lifestyle experience.

The new development of just 12 luxury apartments will sit across the road from James Overell Park. It has been designed to take advantage of its location, with each apartment offering never-to-be-built-out views over the park, famous Gold Coast waterways, and across the Nerang to the city skyline.

[smartcode_project:default project_id=138113 project_image_fid=209673]

&nbsp;

&nbsp;

James Overell Park provides a green respite for residents looking to enjoy outdoor activities on its sports field, half-size basketball court, playground, picnic facilities and dog off-leash exercise area.

&nbsp;

The development is also strategically located close to&nbsp;top-tier educational institutions like The Southport School (TSS) and St Hilda’s School.

[smartcode_project:default project_id=138113 project_image_fid=209672]

While located outside&nbsp;<a href="https://www.urban.com.au/developments/southport-qld-4215">Southport</a>&nbsp;CBD, future Brighton on the Park residents will be just a three-minute drive is&nbsp;The Brickworks Centre, a lively shopping destination featuring the renowned Ferry Rd Market, known for offering some of the Coast's finest fresh produce, meats, seafood, and deli items.

The CBD is about three kilometres away, offering further&nbsp;shops, cafes, and essential services. The light rail, which heads runs south toward Broadbeach and north toward the Gold Coast University Hospital, is just a five-minute drive.

[smartcode_project:default project_id=138113 project_image_fid=209680]

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Sixty Sticks have already completed some preliminary site preparation for the six-level building which will have just two house-sized apartments per floor. Each apartment starts from nearly 250 sqm.

Crowning the building will be a resident amenity level with a rooftop pool with sun-drenched day beds, a fully equipped gym, and multiple lounge areas.

[smartcode_project:default project_id=138113 project_image_fid=209308]

Demolition of the existing house on the property will begin shortly, with construction expected to start in Q1/Q2 2025. The build is anticipated to take around 14 months, as the project will not require excavation for basement parking, which typically adds significant time to the timeline.

With construction on track, buyers can expect to move in by mid-2026.

&nbsp;

[smartcode_project_cta:default project_id=138113]

Southport's only new parkside apartment development: The prime location of Brighton on the Park

Leading Gold Coast-based developer <a href="https://www.urban.com.au/developers/aniko-group">Aniko Group</a> has reached a significant milestone in its $500 million transformation of Hope Island with the completion of its premium townhouse development, 35 Grant Avenue.

All 58 townhouses have sold.

George Mastrocostas, Managing Director of Aniko Group, said the project’s success reflects a strong market appetite for luxury housing in <a href="https://www.urban.com.au/developments/hope-island-qld-4212">Hope Island</a>.&nbsp;

“The sell-out of <a href="https://www.urban.com.au/new-apartments/no-35-grant-residences-35-grant-avenue-hope-island">35 Grant Avenue</a> highlights the continued demand for sophisticated and functional homes in sought-after locations like Hope Island”, Mastrocostas said.

“This waterfront development is part of our broader vision to enhance the quality of life for residents and contribute to the ongoing revitalisation of the area.”&nbsp;

35 Grant Avenue comprises architecturally designed two-level townhouses offering spacious three-bedroom layouts set within a secure, private gated community.&nbsp;

[smartcode_project:default project_id=95316 project_image_fid=201428]

Each townhouse features outdoor private courtyards with paved terraces and generous-sized balconies on the upper-level.

The interiors boast high-quality finishes, including Herringbone engineered timber flooring throughout the ground-level living area and ducted air conditioning throughout the main living area and bedrooms.

35 Grant Avenue features fully equipped kitchens designed for modern living, with under-bench wine fridges, electric cooktops, and quality stainless steel appliances.

<img alt="No. 35 Grant Residences" data-entity-type="file" data-entity-uuid="4ee117a7-4fd6-435c-b2ec-ceb69b6f77a3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/JPEG_living_courtyard_2_townhouse_a_31-35_grant%20ave_3d_render_by_volumevision.jpg?VersionId=9DR0NzHyRjkOhm4HUg6MDKZ.PtT9yL4G" />

The development also offers residents first-class amenities designed to enhance waterfront living, including a luxurious resort-style pool, waterfront boardwalk and private marina berths.&nbsp;

Providing residents with a peaceful, luxurious lifestyle while fostering a sense of community, 35 Grant Avenue also includes lush green landscaping, an outdoor BBQ and dining area, and an outdoor firepit and lounge area. &nbsp;

“35 Grant Avenue has been designed to promote community while offering residents quality living and the opportunity to indulge in the peaceful waterfront life,"&nbsp;Mastrocostas added.

"This focus on quality and connection has deeply resonated with our buyers."

The project’s strategic location further adds to its appeal, with direct access to the Hope Island Marketplace and proximity to the Gold Coast’s major shopping centres, dining precincts, and recreational areas.&nbsp;

“The completion and sell-out of this project highlights the strong demand for quality homes in this area.

“It reinforces our commitment to delivering developments that are not only well-designed but also meet the evolving needs of residents looking for both lifestyle and convenience.”

<img alt="No. 35 Grant Residences" data-entity-type="file" data-entity-uuid="01491ee1-4ecb-421d-8570-ac9c49151736" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/JPEG_firepit_31-35_grant_avenue_3d_render_by_volumevision.jpg?VersionId=GFB1tiW9_kK8N2eSS4Bw7BA_Cqf1FsqR" />

Aniko Group, known for delivering exceptional large-scale projects, has now completed four projects on Hope Island comprising 630 residences and is on track to complete $145 million Orama in Chevron Island, reinforcing its reputation as a reliable and trusted developer that delivers high-quality products.&nbsp;

Following the completion of 35 Grant Avenue, Aniko Group is setting its sights on the Gold Coast’s biggest project in two decades, The Landmark in Mermaid Beach, which is due to start construction in early 2025.

Having already launched a ‘Register Your Interest’ campaign for the first stage, <a href="https://www.urban.com.au/new-apartments/the-landmark-14-seaview-avenue-mermaid-beach">The Landmark</a> is primed to become one of the Gold Coast’s most iconic developments, featuring four towers and an internationally branded hotel yet to be announced.&nbsp;

“We are pleased with the momentum we’ve built with 35 Grant Avenue, and we look forward to bringing our focus to delivering The Landmark in Mermaid Beach, which is set to be a game changer for the Gold Coast on an international scale”, Mastrocostas concluded.

[smartcode_project_cta:default project_id=95316]

Aniko Group completes sold-out 35 Grant Avenue in Hope Island

The name of the suburb Sorrento, on Perth's stunning coastline, is believed to be inspired by the Italian town overlooking the Bay of Naples. It’s easy to see why—both places share incredible ocean views, beautiful beaches, and scenic walking trails.

What sets <a href="https://www.urban.com.au/developments/sorrento-wa-6020">Sorrento</a> in Perth apart, however, is something the Italian town doesn’t have: a brand-new apartment development. Apartments are a rare find in the beachside Perth locale, making up only about five percent of the suburb’s 3,000 or so homes. That’s what makes Megara’s Ora Sorrento such a unique opportunity for those wanting a modern, low-maintenance apartment by the coast.

[smartcode_project:default project_id=136169 project_image_fid=213841]

With such limited supply, the potential for strong long-term value growth is clear. <a href="https://www.urban.com.au/new-apartments/ora-sorrento-128-136-west-coast-drive-sorrento">Ora Sorrento</a>, currently under construction by Thomas Building, will offer 73 apartments when it’s completed in late 2026.

The award-winning MJA Studio took inspiration from Ora’s prime location, right across from Marmion and Sorrento Beaches. The design reflects the natural beauty of the coastline, with organic curves and high-quality finishes throughout both the exterior and interiors.

[smartcode_project:default project_id=136169 project_image_fid=213846]

Ora will feature a mix of spacious one, two, and three-bedroom apartments, plus the exclusive Cascade Collection of multi-level, three and four-bedroom penthouses. The design embraces a ‘barefoot luxury’ style, combining top-tier finishes with a laid-back, coastal vibe.

The open-plan layouts at Ora Sorrento are designed to maximise space and natural light, with kitchens featuring premium V-ZUG appliances and Astra Walker fixtures. In the larger apartments, the master suites include walk-through wardrobes that lead to private ensuites with double vanities.

[smartcode_project:default project_id=136169 project_image_fid=213851]

Residents will enjoy an impressive range of resort-style amenities, including a private residents’ deck with a heated pool, cabanas, a sauna, steam room and a gym. There’s also a dedicated lounge with a kitchen and dining area, perfect for entertaining, while a wine cellar provides a cosy setting for tastings and secure storage.

Conveniently located just minutes from Seacrest Shopping Centre, the Flora Terrace Strip, Hillarys Boat Harbour, and Sorrento Quay, Ora offers easy access to a variety of dining, retail, and recreational options. Families will appreciate nearby schools like Sacred Heart College and Sorrento Primary School, the only two schools in the suburb.

[smartcode_project:default project_id=136169 project_image_fid=213847]

Ora is currently under construction, with construction expected in 2026.

<a href="https://www.urban.com.au/developers/megara">Megara</a> has a strong track record, having been developing across Perth since 2006. They are currently developing <a href="https://www.urban.com.au/new-apartments/serai-north-fremantle-21-mccabe-street-north-fremantle">Serai</a>, one of the few new developments in <a href="https://www.urban.com.au/developments/north-fremantle-wa-6159">North Fremantle</a>.

[smartcode_project_cta:default project_id=136169]

The award-winning MJA Studio took inspiration from Ora’s prime location, right across from Marmion and Sorrento Beaches

The unrepeatable nature of Ora Sorrento apartments

In a move that underscores the sustained demand for large-scale mixed-use development opportunities in metropolitan Melbourne, one of the city’s most significant infill development sites has been acquired by a prominent local developer.

The coveted Kinnear’s Precinct at 124-180 Ballarat Road, <a href="https://www.urban.com.au/developments/footscray-vic-3011">Footscray</a>, spanning nearly three hectares, has been snapped up from R&amp;F Property in a deal that highlights the precinct’s immense potential for urban renewal. While the final sale price remains undisclosed, it is understood it was in the vicinity of $40 million.

With an approved development plan already in place, the site can accommodate over 1,200 dwellings, setting the stage for a transformative urban project in one of Melbourne’s most rapidly evolving suburbs.

Footscray has been identified as a ‘Priority Precinct’ by the Victorian Government, a designation aimed at driving coordinated growth and investment to solidify its role as a major hub for residential, commercial, and cultural activities.

<img alt="Major Footscray development site changes hands in landmark deal" data-entity-type="file" data-entity-uuid="e31215d7-7893-43e7-8193-51c1d1062d99" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/124-180%20Ballarat%20Rd%2C%20Footscray%20markup2.JPG?VersionId=VwHkEL3EAGJsBVoN0laeKrKatV2azxx4" />

The Victorian Government’s Housing Statement, which outlines a vision for 800,000 new homes across the state over the next decade, further enhances the appeal of the Kinnear’s Precinct. Coupled with Plan Melbourne’s 70:30 objective to direct the majority of new housing into established areas, the site represents an unparalleled opportunity to deliver large-scale housing close to key services and transport links.

The site itself comprises a mix of partially vacant land and older warehouse buildings, with 128 Ballarat Road featuring a renovated heritage structure alongside a well-established display suite. Positioned within walking distance of public transport options and key infrastructure projects, including the new Footscray Hospital currently under construction, the location is primed for significant redevelopment.

<img alt="Major Footscray development site changes hands in landmark deal" data-entity-type="file" data-entity-uuid="a76e7aa9-196b-4afc-aa9a-fc5ef3fd3179" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/124-180%20Ballarat%20Rd%2C%20Footscray%20markup.JPG?VersionId=A7Hj2HtIhFNzNh.6IFQkFENLIDCG6wxB" />

Cushman &amp; Wakefield’s Joe Kairouz, Hamish Burgess and Leon Ma facilitated the sale following a highly competitive campaign that attracted strong interest from both local and international developers.

“The site’s significant scale, mixed-use zoning, approved staged development plan, and proximity to major employment hubs and lifestyle amenities attracted widespread interest, with a locally based developer ultimately securing the site under highly competitive terms,” Kairouz said.

Hamish Burgess said The Kinnear’s Precinct represents Melbourne’s premier opportunity to develop a world-class mixed-use project that harmoniously integrates Footscray’s rich history with modern placemaking.

"Its proximity to Melbourne’s CBD, combined with the area’s abundant amenities, makes it an exceptional location for creating a truly unique development.”

MaxCap Group leases Pitt Street office

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