Apartments don't get much closer to Brighton's Church Street, the famous retail and hospitality strip, than Adamson No.5, the recently unveiled apartment collection.

<a href="https://www.urban.com.au/new-apartments/adamson-no-5-5-adamson-street-brighton">Adamson No.5</a> comprises just 15 two, three and four-bedroom apartments ranging in price from $1,985,000 to the $6,475,000 penthouse that has its own private swimming pool.

[smartcode_project:default project_id=148096 project_image_fid=315812]

Construction of the Bayley Ward-designed development is already well underway, being carried out by the respected construction firm Sinjen Builders.

The apartments, which sit in landscaping by Paul Bangay, feature&nbsp;natural stone finishes, as well as premium Gaggenau appliances, Vintec wine fridges, and reeded glass features throughout.

[smartcode_project:default project_id=148096 project_image_fid=315816]

Adamson No.5, named after its location on Adamson Street, is just 300 metres from Church Street and its boutique shopping, high-end dining and essential services.

Future Adamson residents will also be just 350 metres from the Middle <a href="https://www.urban.com.au/developments/brighton-vic-3186">Brighton</a> Station, on the Sandringham line which is 24 minutes into the centre of Melbourne.

[smartcode_project:default project_id=148096 project_image_fid=315817]

Blair Property Group Director, Darren Blair, says living steps away from Church Street means having Brighton’s finest offerings right at your doorstep.

"From local cafés for morning coffee to world-class dining for evening outings, Adamson No.5 delivers a lifestyle of ease and elegance that is truly unparalleled.”

<a href="https://www.urban.com.au/builders/sinjen">Sinjen</a> is expected to complete Adamson No.5 in early 2026, with buyers moving in around Easter time.

[smartcode_project_cta:default project_id=148096]

Sinjen is expected to complete Adamson No.5 in early 2026, with buyers moving in around Easter time

Joel Robinson

Adamson No.5 apartments launch with lure of Brighton's Church Street

Housing All Australians (HAA) and its network of compassionate capitalists have demonstrated the power of private sector leadership in addressing Australia's housing crisis, with yesterday's launch of the Wyn Carr House project in Fremantle, Western Australia.

Through HAA's coordination, more than $1 million in pro-bono services and materials were secured from over 30 private sector organisations, helping to unlock $7 million in government funding for the transformation of the historic Wyn Carr House into transitional accommodation for women over 55 facing homelessness.

"This project exemplifies what's possible when the private sector takes the lead in addressing our housing crisis," said Lee Rossetto, Chair of HAA's WA State Management Committee.

"By bringing together values-aligned businesses to contribute their expertise and resources, we created the momentum needed to transform an empty building into a home for vulnerable women."

<ul>
	<li>The project showcases HAA's innovative "compassionate capitalism" model, with notable contributions including:</li>
	<li>Cox Architects providing extensive pro-bono design services and leveraging their network for material donations</li>
	<li>RPS delivering ongoing project management support</li>
	<li>More than a dozen professional services firms offering pro-bono expertise in architecture, heritage, town planning, surveying, and engineering</li>
	<li>Over 20 businesses contributing building materials and goods at cost or pro-bono</li>
</ul>

"The housing crisis is too big for government to solve alone," Rossetto emphasised. "Wyn Carr House demonstrates what's possible when the private sector steps up to incubate solutions. By securing significant private sector contributions first, we helped create a compelling case for government investment."

The refurbished facility, to be operated by Uniting WA, will provide 12 ensuite rooms, including one disability-accessible accommodation, along with shared living spaces and support services. The project is expected to complete by late 2025.

The urgent need for projects like Wyn Carr House is powerfully illustrated in the new Australian documentary "Under Cover," now streaming on Netflix. The film, which features HAA's work and was partially funded by compassionate capitalists, reveals the growing crisis of homelessness among women over 50 – precisely the demographic this project will support. "We encourage everyone to watch 'Under Cover' to understand who we're helping and why immediate action through private sector leadership is so crucial," added Rossetto.

This initiative represents another successful deployment of HAA's national strategy to harness private sector skills, goods, and services to deliver innovative housing solutions for Australians in need.

Through HAA's coordination, more than $1 million in pro-bono services and materials were secured from over 30 private sector organisations, helping to unlock $7 million in government funding for the transformation of the historic Wyn Carr House into transitional accommodation for women over 55 facing homelessness.

Private sector leadership unlocks $7 million government funding for vulnerable women's housing

Developer-builder <a href="https://www.urban.com.au/developers/pitard-group">Pitard Group</a> has ventured into the untapped new apartment development market in Moorabbin in Melbourne's south east.

Their new development, <a href="https://www.urban.com.au/new-apartments/madeline-moorabbin-19-23-central-avenue-moorabbin">Madeline</a>, is the only off the plan apartment development in the suburb, meaning it's the only new project that gives buyers the <a href="https://www.urban.com.au/news/vic/vic-government-slashes-stamp-duty-for-off-the-plan-property-buyers-savings-available-immediately-oct-2024">full stamp duty concessions</a> announced by the government last month.

Buyers don't have too long to act however, with Pitard's building arm, Pitard One, approaching completion of the boutique building that will see residents move in early next year.

[smartcode_project:default project_id=138903 project_image_fid=301324]

The four-level project at 19-23 Central Avenue, one of the most connected developments in&nbsp;Moorabbin, comprises just 44 two and three-bedroom apartments designed by Via Architects, with modernist architecture that features a brick façade and a monochromatic palette.&nbsp;

The design is complemented by greenery and abundant natural light, creating a distinctive presence in the <a href="https://www.urban.com.au/developments/moorabbin-vic-3189">Moorabbin</a> Activity Centre.&nbsp;

[smartcode_project:default project_id=138903 project_image_fid=301964]

Inside, the apartments continue the contemporary theme, with neutral tones warmed by walnut timber accents. The open-plan layouts allow for expansive living spaces, extending onto large outdoor terraces.

Integrated study nooks have been included to cater for working from home, while a resident lounge on the ground floor features a full kitchen, dining and lounge space.

&nbsp;

[smartcode_project:default project_id=138903 project_image_fid=301965]

Located in the heart of Moorabbin, Madeline is surrounded by a variety of restaurants, cafes, and retail options.

With Moorabbin Station offering a 30-minute commute to the Melbourne CBD and Hampton Beach just a short drive away, the development provides strong connections to both city life and coastal amenities.

[smartcode_project_cta:default project_id=138903]

The four-level project at 19-23 Central Avenue, one of the most connected developments in Moorabbin, comprises just 44 two and three-bedroom apartments

Moorabbin's only new apartment development, Madeline, to complete early next year

The Sunshine Coast off the plan apartment market is looking prime for a big 2025, with several developments from some of the regions biggest developers to launch next year.

Still a relatively untapped market as far as new apartments goes, a handful of developers have been creating places to live up and down the Sunshine Coast for years, while some are being attracted to the new CBD which is forming in <a href="https://www.urban.com.au/developments/maroochydore-qld" target="">Maroochydore</a>, Australia's largest&nbsp;greenfield CBD&nbsp;project.

The new Maroochydore City Centre is being developed on the former 53-hectare Horton Park Golf Club. Around 10,000 residents will eventually call Maroochydore City Centre home with 25,000 workers commuting to the CBD daily.

Sunshine Coast Mayor Rosanna Natoli said it would be great to see more apartments in the city centre, bringing even greater vibrancy and excitement to the growing heart of Maroochydore.

“Decades of planning have positioned the Maroochydore City Centre as one of the best locations for housing and high-quality inner-city apartment living," Natoli said.

SunCentral CEO Amanda Yeates said the new city centre is becoming a popular location for apartment living, with more families choosing to call Maroochydore City Centre home. 
 
“This is an exciting time for the Sunshine Coast as its new city centre rapidly grows, with thousands of people set to make the move to the city centre in the years to come.”

As we head into 2025, we explore the what, the where, and the who, of the best new projects launching across the Sunshine Coast next year.

<h2>What: The Millwell</h2>

<h2>Where: Maroochydore</h2>

<h2>Who: Habitat Development Group</h2>

Habitat Development Group, one of the leading developers in Maroochydore over the past two decades, is now focusing on another CBD development as the city continues to grow into one of the most economically thriving in the country.

Recently completing The Corso, one of only a handful of residential developments completed in the Maroochydore CBD, Habitat will launch <a href="https://www.urban.com.au/new-apartments/the-millwell">The Millwell</a>, a similar two-bulding development, early next year.

The Millwell will comprise 205 two, three and four-bedroom apartments across two eight-level towers at 2 Millwell Road East, right next to the Sunshine Plaza Shopping Centre.<img alt="Millwell" data-entity-type="file" data-entity-uuid="d99e0fd9-846a-458f-85e8-7046318aae5a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-25%20at%2012.49.30%E2%80%AFPM.png?VersionId=KHaBsTJnJgMVp7nvymiAeEzolxGJZV53" />

At the time of the development application submission in 2022,&nbsp;Habitat Development Group Managing Director Cleighton Clark said the Millwell is in a terrific location.

"It’s nestled directly adjacent to the Sunshine Plaza, with 200m frontage to Cornmeal Creek and walking distance to the rapidly expanding&nbsp;<a href="https://www.urban.com.au/developments/maroochydore-qld" target="">Maroochydore</a>&nbsp;CBD," Clark said, adding that the city has evolved dramatically since Habitat first started building in the coastal area.

“We’ve been building on the Sunshine Coast for the past 19 years and have witnessed property in the region go from strength to strength, particularly the last four years.

"The Millwell provides us another opportunity to meet the demands of the growing region."

<h2>What: Sol by Walker</h2>

<h3>Where: Maroochydore</h3>

<h3>Who: Walker Corporation</h3>

National developer <a href="https://www.urban.com.au/developers/walker-corporation">Walker Corp</a>&nbsp;is one of the joint venture partners delivering the new Maroochdore City Centre alongside the Sunshine Coast Council and SunCentral Maroochydore.

Walker Corp recently revealed a $220 million mixed-use project, <a href="https://www.urban.com.au/new-apartments/sol-by-walker-first-ave-maroochydore">Sol by Walker</a>, in the heart of CBD.&nbsp;

<img alt="Sol by Walker" data-entity-type="file" data-entity-uuid="0f6f50a3-7b51-45a7-9b2a-70054495b406" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-25%20at%208.27.27%E2%80%AFPM.png?VersionId=hnjDhpVwY.vxZsc51EoUesi4EEDR58to" />

&nbsp;

Designed by&nbsp;<a href="https://www.urban.com.au/architects/plus-architecture">Plus Architecture</a>, Sol by Walker&nbsp;will feature two 19-level towers with 251 apartments;&nbsp;55 one-bedrooms, 111 two-bedrooms, 80 three-bedrooms, including 11 townhouses, and five four-bedroom apartments.&nbsp;

They will sit above a three-level commercial and retail podium.

&nbsp;

&nbsp;

<h2>What: Sunset, Caloundra</h2>

<h2>Where: 5-7 Bombala Terrace, Caloundra</h2>

<h3>Who: Dusk Group</h3>

Brisbane developer <a href="https://www.urban.com.au/developers/dusk-group">Dusk Group</a> identified beachside Caloundra for their next development.

Currently constructing Aurora on Depper in Brisbane's St Lucia, Dusk is planning Sunset, a seven-level building with 36 apartments minutes from&nbsp;Kings Beach and Bulcock Beach.

<img alt="Caloundra" data-entity-type="file" data-entity-uuid="6d388cdf-0c16-40b8-a8a1-75c863170705" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-25%20at%205.00.08%E2%80%AFPM.png?VersionId=48m_iryF3z5P.YeaB7efvtkyt2ocUtbY" />

Designed by <a href="https://www.urban.com.au/architects/mas-architecture-studio">MAS Architecture Studio</a>, Sunset will offer a "coastal aesthetic with earthy tones and curved balconies."

Amenities include a ground-floor pool, BBQ area, and resident lounge.

Dusk is catering for a wide range of buyers, with prices starting from $700,000. Construction is set to begin in Q2 2025.

&nbsp;

&nbsp;

<h2>What: Lago Birtinya</h2>

<h3>Where: 2 Prosperity Drive, Birtinya QLD 4575</h3>

<h3>Who: Cube Developments</h3>

Sunshine Coast developer&nbsp;<a href="https://www.urban.com.au/developers/cube-developments">Cube</a> is preparing to launch <a href="https://www.urban.com.au/new-apartments/lago-birtinya-2-prosperity-drive-birtinya">Lago</a>, which will continue the local developers commitment to delivering residential projects in premium coastal locations up and down the Sunshine Coast.

The&nbsp;<a href="https://www.urban.com.au/developments/birtinya-qld-4575">Birtinya</a>&nbsp;apartment development at&nbsp;2 Prosperity Drive will comprise just 47 high-end apartments.

<img alt="Lago" data-entity-type="file" data-entity-uuid="e7ae459c-85fa-4b01-b8e6-264df049853b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-25%20at%205.06.14%E2%80%AFPM.png?VersionId=UyYMKCCtFELAUUeNsJCpYg0lQnSa55JY" />

With luxury apartments riding a wave of popularity on the Sunshine Coast, Cube Senior Development Manager Daniel Ryan said he expected a very strong response to the new project.

“With premium amenity and accessibility in a growing location, we anticipate a very strong response when Lago is released to market towards the end of this year,’’ Ryan said.

“The demand for premium coastal apartments is driven by their unique blend of lifestyle, convenience, and investment potential. Our projects, such as Lago, offer residents an unparalleled living experience with views, resort-style amenities, and close proximity to key lifestyle features."

As we head into 2025, we explore the what, the where, and the who, of the best new projects launching across the Sunshine Coast next year

The top four apartment developments set to launch on the Sunshine Coast in 2025

Two years after apartment developer <a href="https://www.urban.com.au/developers/polycell-group">Polycell</a> spent nearly $45 million on the 1980s timeshare Voyager Resort in Broadbeach, they have unveiled their redevelopment plans.

Currently delivering <a href="https://www.urban.com.au/new-apartments/the-rochester-broadbeach-143-surf-parade-broadbeach">The Rochester</a> nearby and <a href="https://www.urban.com.au/news/qld/exclusive-the-rochester-developer-polycell-locks-sights-on-next-gold-coast-apartment-project">buying out owners in the apartment building Sandpiper</a>, Polycell is making another development move.

They have submitted plans to build a 59-level tower at 167 Old Burleigh Road, a prime 2,076 sqm site at the corner of Elizabeth Avenue. The site is next to the under-construction Luxe Broadbeach and in front of the twin Oracle towers, which were completed in 2010.

The proposed development includes 130 apartments in two, three, and four-bedroom configurations, along with a ground-floor café and basement and podium parking for 317 vehicles.

<img alt="Polycell" data-entity-type="file" data-entity-uuid="abc13c4e-d07e-4007-81b2-ed87cd940540" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/2.png?VersionId=AaX6OP1gQvra7u855hjJQBw1FC32JL0o" />

BDA Architecture, who designed The Rochester for Polycell, has taken the architectural reigns for the new project, dubbed 167.OBR in the documentation submitted to the Gold Coast City Council last week.

BDA said the project&nbsp;presents an exciting opportunity to create a landmark residential tower within the vibrant, high-density Broadbeach precinct.

"[The] development is designed to respond to the existing built form character, landscape, climate and neighbourhood character to reinforce a strong sense of place and local identity," BDA noted.

"The proposed tower architecture embodies a contemporary, yet elegantly restrained, fluid vernacular. The structure is articulated with a glazed façade infused with coastal tactility, featuring fluid, soft edges that echo the gentle contours of the Gold Coast landscape."

<img alt="Polycell" data-entity-type="file" data-entity-uuid="b9966b92-7b1a-4e1a-ace5-97acdced4f88" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3.png?VersionId=LypE2LoIU.Bp5kZCqi0BGdK_ME3CVAPI" />

The design preserves most of the existing Norfolk pine streetscape and natural organic edges.

"This approach not only respects the existing landscape but also strengthens the connection between the development and its context."

When referring to the podium, BDA said the architecture is a cohesion of contemporary sub-tropical vernacular infused with a coastal tactility.

"The fluid organic form portrays the organic nature of the Gold Coast landscape layered with a timeless material palette creating a rich and layered coastal effect."

<img alt="Polycell" data-entity-type="file" data-entity-uuid="fc7e786a-0582-4ce2-b812-23cf52663c26" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-25%20at%203.01.52%E2%80%AFPM.png?VersionId=ykwjYwX7VjfRfNJ8sSfupAMXRIMOWh7O" />

Crowning the podium will be two swimming pools: one 25 metres long, flanked by daybeds, and the other a smaller pool adjacent to barbecues and alfresco dining areas.

A gym, yoga room, and Peloton room have been proposed for the podium rooftop, along with a hot and cold plunge pool, spa, steam room, sauna, treatment room, and a games room.

Additional amenities will be located on levels 38 and 39. Known as the 'Club Lounge,' the first level will feature a zen lounge with a tea bar and private terrace, several lounge and dining areas, and a meeting room. The upper level will include a library with an art wall, a cinema, a gym for personal training, a games room, more dining and lounge spaces, and two private club rooms, positioned either side of a wine storage room.

<img alt="Polycell" data-entity-type="file" data-entity-uuid="e16c8a08-dfa2-4149-8bd1-7aaf33206d63" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-25%20at%203.03.24%E2%80%AFPM.png?VersionId=8W8MVZ5Q2aTiCA7_DLHV2MEmC.3JaxcQ" />

A maximum of three apartments per floor will be spread across the tower. The proposed layout includes 79 three-bedroom apartments, 32 two-bedroom apartments, 15 four-bedroom apartments, and four five-bedroom apartments, along with three sub-penthouses and a two-level penthouse featuring a cinema, gym with hot and cold plunge pools, and a private 14m lap pool.

Currently, the site is home to the Voyager Resort timeshare building, which was launched in the mid-1980s. A large portion of the 2,000 sqm site is occupied by a tennis court and swimming pool. Voyager Resort is made up of 62 one-bedroom apartments across a 16-level building.

Poylcell, an international company specialising in packaging primarily as well as property development and asset management, debuted in the Gold Coast off the plan apartment market in 2023 with The Rochester, 182 apartments on Surf Parade.

Currently, the 167 Old Burleigh Road site is home to the Voyager timeshare building, which was launched in the mid-1980s. 

First look exclusive: Polycell set sites on new Broadbeach apartment development

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.

Urban Editorial

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?

A number of people ask - what is the settlement process when buying off the plan property?

The simple answer is that the process is one part of the off the plan buying journey that isn't too dissimilar to buying in the established market.

The major difference is the time from exchange to settlement, given the off the plan property isn't built yet. The standard settlement for established property is around six to eight weeks.

This however has a number of pros for off the plan buyers.

One of the biggest is that the price paid for the property at the time of exchange doesn't change. Even if the value of the apartment has risen during construction, buyers will still settle on their apartments at the same price agreed.

The settlement date will be forecasted in the contract, as to when the developer believes the building will be complete, and the certificate of occupancy is obtained. Then settlement can start to occur and buyers can move in.

The settlement date forecast is another pro for buyers. While this date can chop and change due to a number of reasons, least of all delays in construction, labour, and materials, it gives the buyer a ballpark future date where they need to have their finances in shape to settle.

By paying a deposit you lock in that price, and you might not be required to pay the rest of the deposit for two or three years, if the construction timeline is that far away. This allows buyers years to save up the rest of the money while their yet-to-be-built property potential grows in value.

The settlement date estimate also puts a time limit on buyers as to when they should either vacate their current rental, or put the wheels in motion to sell their current home.

If you're thinking of purchasing an off the plan apartment, it's a good idea to speak to a conveyancer or solicitor who can advise you on the settlement process and help ensure that everything goes smoothly.

A number of people ask - what is the settlement process when buying off the plan property?

Off the plan property settlement - how does it work?

Arguably floor plans matter more in off the plan property than any other type of property.

In established markets, the floorplan is the floor plan. That's it, barring renovations.

But in the off the plan market, there a number of factors to consider when analyzing floor plans, and a number of questions to ask agents and developers when discussing buying an off the plan property.

First there's the floor plan size.

Floor plan sizes advertised by agents or developers can differ hugely state by state, so it's important to understand whether you are being pitched a property's internal size, or total size.

Internal size is the measurement of the internal floor area of an apartment, and is typically measured in square metres (m²). External size is the measurement of the external dimensions of an apartment, be it a courtyard or a balcony, but sometimes it can include a parking space or storage cage.

Generally, off the plan apartments are advertised with their internal size, as this is the size that you will have to work with when furnishing and decorating your new home. It's important to be aware of external size, however, as this will give you an indication of the overall size of the building and how much outdoor space you will have access to.

When considering internal vs external size, it's important to keep in mind that internal size may vary slightly from the advertised size due to the internal walls of the apartment. External size, on the other hand, is usually accurate to the advertised size as it's based on the overall dimensions of the building.

Another thing to consider when analyzing floor plans in off the plan property is that floor plans aren't necessarily set.

The majority of developers, providing construction is still at its early stages, will allow buyers to customize their floor plan to suit their lifestyle.

It might be that you want to move a bedroom or bathroom, or re-orientate the living area. This generally isn't a problem for developers as long as the moving of internal walls doesn't impact the building structurally, and the redesign all occurs within the same floor plate size of the original apartment.

In the off the plan market, there a number of factors to consider when analyzing floor plans, and a number of questions to ask agents and developers

How to read a floor plan, what questions to ask, and why it's important for off the plan property buyers

State governments in Tasmania and Western Australia have introduced new stamp duty discounts aimed at encouraging the construction and purchase of new apartments and units.

These measures are part of broader efforts to increase housing density and provide more affordable housing options in regions where new construction has lagged behind demand.

In Tasmania, a 50 per cent stamp duty concession has been implemented for buyers of new apartments and units that are either off-the-plan or under construction.

The discount applies to properties valued at up to $750,000 and is available until June 30, 2026. This initiative is designed to support medium-density housing and make apartment living more accessible to Tasmanians.&nbsp;

The state government hopes that this will not only boost construction activity but also provide greater certainty for builders and developers by reducing financial risks associated with large-scale projects.

Western Australia has also introduced stamp duty exemptions and discounts to stimulate the new apartment market.&nbsp;

Buyers can benefit from a full stamp duty exemption on off-the-plan apartment purchases valued at up to $650,000 if the property is bought before construction begins.

For properties under construction, a 75 per cent stamp duty discount is available, also on purchases up to $650,000. Additional concessions are offered for homes worth up to $750,000.&nbsp;

[smartcode_project:default project_id=142314 project_image_fid=263307]

The new policies reflect a growing recognition of the need to address housing affordability and supply issues, particularly in cities like Hobart and Launceston, where housing density remains low.&nbsp;

Although the Tasmanian housing market saw an 8.8 per cent increase in dwelling approvals in June, the state still trails significantly behind others.

The effectiveness of these discounts in driving new apartment construction will depend not only on buyer uptake, but also on the willingness of local governments to approve higher-density developments, a process that has historically faced challenges in Tasmania.

These stamp duty concessions are part of a broader debate on the role of such taxes in the property market.&nbsp;

Some economic analysts argue that removing or significantly reducing stamp duty could be a key factor in making housing more accessible to a wider range of buyers, particularly in regions where the tax represents a substantial portion of the cost of purchasing a home.&nbsp;

The latest measures in Tasmania and Western Australia are seen as steps towards addressing these concerns, although their long-term impact on housing supply and affordability remains to be seen.

The new policies reflect a growing recognition of the need to address housing affordability and supply issues, particularly in cities like Hobart and Launceston, where housing density remains low

Tasmania joins Western Australia in introducing stamp duty discounts to off the plan property buyers

The Melbourne-based developer Bensons Property Group has purchased a Battery Point development site.

It intends to build a $50 million apartment project with a penthouse with $10 million sale prospects.

Close to Sullivan&rsquo;s Cove, the boutique project is set to be 30 apartments with a $1 million staring price.

The site cost about $7 million through Knight Frank with The Australian reporting the move was driven by the company&rsquo;s &shy;chairman and founder Elias Jreissati and wife Colleen, who want to add to the company&rsquo;s luxury interstate projects.

Completion is expected in late 2023.

Bensons chief executive Rick Curtis said they will work closely with Hobart City Council and the local community on revised plans for the site.

It spans 1442 sqm on the corner of Knopwood St and Montpelier Retreat.

The approved DA allows for the construction of 30 luxury apartments, basement carparking for 46 cars.

The site set 200m from the Salamanca Place and Hobart waterfront was offered with a short term lease to Care Park.

The Jreissati family have owned a Hobart apartment for more than five years in Battery Point.

The Jreissati family supports the arts in Hobart.

The site will include a public open space embedded with art created by Tasmanian artists.

Bensons Property Group is set to create the first high-rise residential tower on Chevron Island, minutes from the beaches of Surfers Paradise.

Its Chevron One project will form part of the new arts and cultural precinct for the Gold Coast.

Melbourne-based developer Bensons Property Group has snapped up the development site close to Sullivan’s Cove

jchancellor

$10m Hobart penthouse in Bensons Property Group project

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Known for its lush rainforests, fresh produce and enviable lifestyle, Tasmania provides an acceptable alternative to life on the mainland.

Homebuyers are flocking to the island state as greater opportunities to work remotely arise and home prices remain relatively low.

According to CommSec’s State of the States report, Tasmania holds the mantle for the best-performing economy for the fourth quarter in a row, ranked first on relative population growth, equipment investment and dwelling starts.

Urban takes a look at three brand-new apartments in Greater Hobart. 
 

1. Kings Quarter, Kingston 
Address: Pardalote Parade, Kingston TAS 7050

[smartcode_project:default project_id=29367]

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-03-16_at_4.45.22_pm.png" rel="gallery-all" title="Image: Traders in Purple"><img alt="" class="image-article-full-width-580px" height="346" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2021-03-16_at_4.45.22_pm.png?itok=any40ZYl" title="Image: Traders in Purple" width="580"></a>

<figcaption>Image: Traders in Purple</figcaption></figure>Offering a masterplanned community, developer Traders in Purple will offer a revitalisation at the Kingsborough area at their diverse mixed-use development.  

Birches Row, the first stage of the project, will offer 80 new, free-standing homes and townhouses, as well as retail, dining and office space centred around the Kingsborough Council’s multimillion-dollar public park.

The three and four-bedroom residences offer rich neighbourhood life, and feature alfresco living, multi-purpose space and landscaped courtyards. 
 

2. The Elliott, Hobart 
Address: 62 Patrick Street, Hobart TAS 7000

[smartcode_project:default project_id=89729]

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-03-16_at_4.45.37_pm.png" rel="gallery-all" title="Image: EIS Property"><img alt="" class="image-article-full-width-580px" height="352" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2021-03-16_at_4.45.37_pm.png?itok=0j7kzBxx" title="Image: EIS Property" width="580"></a>

<figcaption>Image: EIS Property</figcaption></figure>Conveniently located on the doorstep to Hobart’s CBD, the Elliott presents an exclusive collection of 68 luxury homes in one, two, three and four-bedroom configurations.

The residence, designed by HBV Architects, provides expansive interior spaces, outdoor terraces and views of the city, kunanyi / Mount Wellington and beyond.

The Elliott provides convenience with the Salamanca markets, the Hobart waterfront and the CBD within walking distance from the home. 
 

3. Ingomar Residences, Hobart 
Address: 34 Patrick Street, Hobart TAS 7000

[smartcode_project:default project_id=94367]

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-03-16_at_4.46.23_pm.png" rel="gallery-all" title="Image: La Vie Collective"><img alt="" class="image-article-full-width-580px" height="375" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2021-03-16_at_4.46.23_pm.png?itok=c_46t2Gw" title="Image: La Vie Collective" width="580"></a>

<figcaption>Image: La Vie Collective</figcaption></figure>Developed by the boutique Tasmanian property developers La Vie Collective, Hobart’s latest development provides homebuyers the chance to reside in one of 26 tailored residences in North Hobart.

Designed by S Group, the project boasts the luxe conversion of a historic 1897 mansion into eight residences, with an additional 18 apartments situated on the home’s former grounds.

The home features state-of-the-art technology, luxurious finishes, and heritage details, as well as views toward the city and the Hobart waterfront.
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Homebuyers are flocking to the island state as greater opportunities to work remotely arise and home prices remain relatively low

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Home to Australia’s best performing economy: 3 brand-new apartments in Tasmania

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Overall Tassie’s housing market remained the star performer nationwide in 2019 with six of the top 10 suburbs all coming from the apple isle, according to a recent Herron Todd White (HTW) residential report. 
The report notes many regions achieved above 10 percent growth and much of the state was above five percent.
"So what of 2020?
"Simply due to the strength in the local economy, population growth, near nil vacancy rates in the rental market and ongoing housing shortage, we feel that 2020 will deliver continued growth, a steady market in Hobart and we remain positive with regard to overall pricing," the valuation firm said. 
The outer ring lower socio economic suburbs such as Bridgewater and Gagebrook have recently led the capital growth path. 
"We would expect this to slow a touch as some realism comes back into the market," the valuation firm stated. 
A three bedroom house in Bridgewater (pictured below) has recently been sold for $335,000.
Built in 2015, the house at <a href="https://www.realestate.com.au/sold/property-house-tas-bridgewater-132977278" target="_blank">24 Hurst Street </a>comes with three bedrooms, one bathroom, living and dining area, and kitchen. 
The property last sold for $45,000 in 2014.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/3/16/bridgewater.jpg" alt="">
Middle and inner ring suburbs continue to experience firm demand conditions and upward pressure on pricing.
"We expect this to be ongoing," the valuation firm stated. 
In the north, Launceston was one of the standouts in 2019 with solid growth through all price segments and most locations, the report noted. 
 Continued expansion of the tourism sector (yes, there is a crane in the sky), the impending commencement of the next stage of the university campus (sod to be turned in January 2022) and a generally buoyant outlook would suggest that 2020 will be no different.
</div>
<div class="column">
The north-west coast and west coast regions continue to have their own economic challenges and in some regions, continue to struggle, especially the mining based townships along the west coast. 
"We are expecting Devonport to continue its momentum of 2019. Burnie has no doubt turned the corner with a continuation of improved conditions during 2019. We expect both these major centres to continue upward in 2020," the valuation firm said. 
A Georgian home in Devonport (pictured below) has hit the market with over $849,000 hopes. 
The four bedroom, two bathroom house is situated at <a href="https://www.realestate.com.au/property-house-tas-devonport-132992210" target="_blank">13 George street</a>. 
Set on a 1,095sqm parcel of land, the home comes with open plan kitchen, dining and living, sitting room, in-ground pool and dual length garage. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/3/16/devonport.jpg" alt="">
"The areas to watch for this year? Climate change is now one of the main drivers attracting people to migrate to the state.
"Look out for the coastal towns, especially those that offer medical or nearby medical facilities such as St Helens (has medical facilities) &amp; Orford (one hour from Hobart). We are expecting to see the sea change and climate change effect continue, especially from Queensland and Western Australia as buyers seek to relocate to a milder climate. 
"Cashing in the interstate family home, buying a very nice holding on the Tassie coast and having money left over in the bank to play with - what more could you want?" the valuation firm said. 
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<img src="blob:https://www.urban.com.au/79aeb126-b46e-4f92-b1ac-648768cff9c8" alt="page36image5855776" width="0.500000" height="0.500000"> <img src="blob:https://www.urban.com.au/ebcf60fb-6255-49b0-8012-2cb94d351735" alt="page36image5829984" width="0.500000" height="0.500000"> <img src="blob:https://www.urban.com.au/4955d0ff-e16a-4e65-b938-26a09c9f2685" alt="page36image3779008" width="0.500000" height="414.696000"> </div>
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Tasmania expected to see a steady property market in 2020: HTW residential 

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Following the COVID-19 restrictions in place from early March 2020, local real estate agents working in the northern suburbs of Tasmania have reported that general sales activity and enquiry were quiet in early March and recovered in early May, according to the latest Herron Todd White (HTW) residential report. 
The valuation firm took a look at how a budget of $700,000 could be invested in property markets across the nation. 
The report notes with some certainty, COVID-19 seems to have had limited impact on the property market in the northern suburbs. 
"Recent sales evidence indicates that the property market was relatively stable in the second quarter of 2020 with very slight signs of negative activity. 
"The days on market have remained steady, with average selling periods of between two and three weeks," the valuation firm said. 
 The rental market across the northern suburbs for the March quarter was also reflective of a relatively stable environment.
 A three-bedroom home’s weekly rent was from $350 to $480 depending on the location of the property.
A majority of properties in the northern suburbs do not generally exceed $700,000, the report noted.
'At this level of value, you could expect to purchase a range of different types of properties:
<ul>
<li>A large 200 square metre plus multi-storey dwelling with a high quality fit-out, located within a sought–after locale such as West Moonah, Rosetta, Berridale or Claremont Estate with either elevated river views or close proximity to the river, shopping and recreation facilities.</li>
<li>Good quality rural lifestyle dwelling on over one acre of land;</li>
<li>A heritage-listed property with well-maintained heritage features;</li>
<li>In terms of investors within this market, $700,000 will most likely allow you to purchase two newly constructed units in an outer suburb location (Brighton, for example) achieving yields of over seven per cent plus a tax saving benefit.</li>
</ul>
</div>
<div class="column">A four bedroom house in West Moonah has recently been sold for $430,000.</div>
<div class="column"> </div>
<div class="column">The home at <a href="https://www.realestate.com.au/sold/property-house-tas-west+moonah-133055850" target="_blank">1/150 Springfield Avenue </a>(pictured below) comes with open plan living, four bedrooms, and rumpus or game room.</div>
<div class="column"> </div>
<div class="column">It is just a short 5-minute drive from all the amenities that Moonah has to offer. </div>
<div class="column"> </div>
<div class="column"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/7/20/west%20moonah.jpg" alt=""></div>
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<div class="column">A current listing is a three bedroom home in Tarleton priced over $495,000.</div>
<div class="column"> </div>
<div class="column">Set on over 4ha, the updated home is situated at <a href="https://www.realestate.com.au/property-acreage+semi-rural-tas-tarleton-134021054" target="_blank">130 Tarleton Road </a>(pictured below).</div>
<div class="column"> </div>
<div class="column">It features carpeted bedrooms, open dining and kitchen area, undercover entertaining area and double garage. </div>
<div class="column"> </div>
<div class="column"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/7/20/tarleton.jpg" alt=""></div>
<div class="column"> </div>
<div class="column">Generally, properties under $600,000 are selling within short time frames throughout the greater Hobart locality, the report said. </div>
<div class="column"> </div>
<div class="column">The market for properties over the $1 million dollar mark appears to have slowed given the lack of interstate investors.</div>
<div class="column"> </div>
<div class="column">"Once the borders open, allowing interstate investors to become active in the market once again, it is believed that this market will improve accordingly," the valuation firm said. </div>
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What a lazy $700,000 can buy in Tasmania: HTW residential 

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{yoogallery src=[images/stories/july24sandybay]}
354 Sandy Bay Road, Sandy Bay, Tasmania, 7005
With 1900s charm and an absolute waterfront location, this house is in one of Hobart's most prestigious suburbs. With four bedrooms and two bathrooms, there is plenty of space to spread out, and the harbour is right on the doorstep. It is being sold by<a target="_blank" title="Corkhill and Associates" href="https://www.corkhill.com.au/pol/property/search.asp?f_PropertyID=1646815&amp;xsl=4737&amp;f_st=1"> Corkhill and Associates</a> agent Pam Corkhill with price expectations of $2.25 million plus. 
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On the waterfront in Sandy Bay

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{yoogallery src=[images/stories/august8story]}
75 Storys Creek Road, <a href="https://www.urban.com.au/property-observer" title="Avoca" target="_blank">Avoca</a>, TAS, 7213
Bona Vista Farm is part of Bona Vista Estate, which was granted to Simeon Lord in 1826. The farm has been leased since 1997 and comprises 2,015 hectares of grazing land and 1,380 hectares of native grassland and forest. It includes a four-bedroom farm manager's house, a two-bedroom station hand's cottage and a machinery shed. The property is on the South Esk River and is about an hour from Launceston. The property is being marketed by<a href="https://www.robertsre.com.au/cgi-bin/clients/robre/home.cgi?gid=23201" title="Robert Rural Real Estate" target="_blank"> Roberts Rural Real Estate</a> Launceston agent Peter Stackhouse with price hopes of $3 million plus.
 
{module 238}
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Bona Vista beauty in Avoca

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Ingleby, the Denmark-based worldwide group headed by Hans Henrik Koefoed that acquires farms, has paid $10 million for the Tasmanian pastoral farm Symmons Plains.
It was sold by the Youl family, who had resided at the property since the 1820s. The Georgian house dates back to 1839. The property's vendors were Tasmanian tennis player Andrew Youl and his wife, Audrey, a former Tasmanian Olympian and Commonwealth Games medallist swimmer.
In 1960, racing car driver John Youl provided the nearby land for the development of the Symmons Plains Raceway, which now hosts V8 Supercars.
Harcourts Rural agent Michael Warren sold Symmons Plains, with rumours subsequently spreading its buyer was novelist J.K. Rowling.
“There’s certainly plenty of urban myth regarding the sale,” one local agent says.
It was the fourth major property purchased by Clovelly Tasmania Pty Ltd, a subsidiary of Ingleby. The group bought its first Tasmanian property in 2005, which was the 1,800-hectare Bridport property Bowood, for $7.75 million through Roberts agent Peter Stackhouse. Bowood dates from 1838 and had only been sold once before, in 1933.
The company also has properties at Gladstone and Tomahawk.
Under manager Stephen Creese the company breeds livestock and grows potatoes.
Ingleby manages 11 farms in Australia totalling more than 16,000 hectares across four states.
Its daily operation are run by local farm managers.
With farms also in Argentina, New Zealand, Romania, Uraguay and the US, Ingleby employs 180 people worldwide. 
Creese is also connected with Mercer Creese Farming, which offers structured arrangements to suit the landowner, whether it is farm business tenancies, joint ventures or contract farming.
Roger Mercer and Stephen Creese formed a farming partnership in 2008 to invest in the ownership and development of farms in Australia.
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jchancellor-FAypfDUnLy

Ingleby buys Symmons Plains

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Two of Australia's wealthiest entrepreneurs have bought Gunns woodchip mill on Tasmania's east coast, throwing into doubt the state's forest industry given the buyers’ long-term intentions are to run the site as an eco-tourism venture.
Wotif creator and Australian Greens donor, Graeme Wood, and Kathmandu clothing founder, Jan Cameron, have paid $10 million for the operation. The conservationists stunned the timber industry by outbidding logging company Aprin for the woodchip mill.
Premier Lara Giddings has said the forest industry in the south would have to shut down if the mill was closed.
But Jan Cameron has pledged to keep the mill running in the short term, while the industry moves out of native forest logging.
"Most likely we'll tender the mill out to an operator for this period because obviously we have no experience in running woodchip mills," she told Radio 936 ABC Hobart.
The woodchip mill is among the assets of Gunns which is exiting native forest logging.
In June last year Cameron, who also owns Chickenfeed, bought about 28,000 hectares of native forest from Gunns Limited for conservation.
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Tasmanian timber turning into tourism after $10m buy

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Building figure approvals for April put out by the Australian Bureau of Statistics have added more gloom to Tasmania’s property woes, with the Master Builders Association describing the market as “horrific”.
Total dwelling approvals in Tasmania on a seasonally adjusted basis fell 8.7% in April, according to figures put out by the ABS. This is more than six times higher than the national average, which was -1.3% for the month of April. The national average for dwelling approvals rose 8.6% in the previous month.
In absolute terms, dwelling approvals slumped 29% in Tasmania. Master Builders Tasmania executive director Michael Kerschbaum told <a target="_blank" title="The Mercury" href="https://www.themercury.com.au/article/2011/06/01/234465_real-estate-news">The Mercury</a> this was a “horrific” result.
The latest data heaps more gloom on the embattled state, after the latest RP Data-Rismark report revealed that the value of Hobart homes fell by 2% to a median price of $315,000 in the three months to April.
According to hotspotting.com.au’s Terry Ryder, Hobart is the capital city market with the weakest prospects. “The state economy and population growth are weak, and the political situation is unhelpful,” Ryder says. “The market is likely to fall further.”
Louis Christopher, property analyst and director of SQM research, says Hobart is currently in a downswing, with stock levels on the rise. However, he does not expect dramatic price drops due to the fact that “incomes to house prices appear to be fair”.
Not only is new home construction falling, but the quality of homes being built has been called into question following a <a target="_blank" title="Sunday Tasmanian" href="https://www.themercury.com.au/article/2009/06/03/77235_tasmania-news">Sunday Tasmanian</a> investigation that revealed that new-home owners were falling prey to shonky builders using false accreditation details and were being left with defective and incomplete houses.
According to the newspaper, builders have been "shopping out" their licences to unregistered tradesmen for up to $25,000.
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Tasmania joins Western Australia in introducing stamp duty discounts to off the plan property buyers

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Tasmania joins Western Australia in introducing stamp duty discounts to off the plan property buyers

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