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.

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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.

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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.

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[smartcode_project_cta:default project_id=138113]

Joel Robinson

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.

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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.

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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.”

Demand for Melbourne apartment development sites ramps up as $40m Footscray block sells

Transport Oriented Developments (TODs) are generating significant buzz across Sydney. The acronym has been a new strategy implemented by the NSW Government to encourage, and increase, housing density near key transport hubs.

While TODs are the in thing, veteran developer <a href="https://www.urban.com.au/developers/deicorp">Deicorp</a> has long prioritized developments close to both established transport networks and future transport hubs.

Robert Furolo, Deicorp’s Executive Manager for Corporate Communications, says that connectivity to transport is a top priority when assessing development sites.

"We have over 1,500 apartments in various stages of planning, and all located not just within a kilometre of public transport, but just a few hundred metres away," Furolo explains.

"It’s essential for our future buyers that we offer excellent connectivity to the rest of Sydney, whether we're five or 40 kilometres from the city—the criteria remain the same."

Founded in 1999 by Fouad Deiri OAM, Deicorp has been a major player in Sydney's property market for over two decades. However, in the last five years, the company has ramped up its focus on addressing Sydney's housing supply issues. Currently, Deicorp has over 3,350 apartments under construction across Greater Sydney—a number set to grow in 2025 as the company embarks on some of its most exciting developments yet.

In 2024, the iCIRT-rated builder-developer completed more than 1,500 apartments across several key projects in <a href="https://www.urban.com.au/developments/zetland-nsw-2017">Zetland</a> and <a href="https://www.urban.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>.

While completing projects is central to Deicorp’s business, it’s their ongoing contribution to alleviating Sydney’s housing shortage—and their ever-growing pipeline of new developments—that has many industry peers taking notice.

In addition to last year's completions, Deicorp ventured into new markets, demonstrating their ability to succeed in different locations, provided the site meets the needs of the end buyer. In 2024, they launched three new projects in these markets: Melrose Central in Melrose Park, Marquet &amp; Mary in Rhodes, and Cosmopolitan in Parramatta.

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<a href="https://www.urban.com.au/new-apartments/melrose-central-melrose-park-657-661-victoria-road-melrose-park-nsw-2114">Melrose Central</a> is one of Deicorp’s largest developments to date—a $700 million, mixed-use project featuring just under 500 apartments. This development will be the heart of the Melrose Park precinct, with six buildings designed by Turner Studio sitting atop a five-level podium.

The podium will house a 30,000 sqm shopping centre anchored by a Coles supermarket, along with specialty stores, wellness facilities, and retail and hospitality venues. The site is directly in front of the future Melrose Park light rail stop. Sales were brisk at its launch in August, with significant numbers achieved through CBRE.

<a href="https://www.urban.com.au/new-apartments/marquet-mary-rhodes-1-9-marquet-street-rhodes-nsw-2138">Marquet &amp; Mary</a> marked Deicorp’s first development in Rhodes. The soaring 42-level, 274-apartment tower, designed by FK Australia, is located opposite Rhodes Station, while their <a href="https://www.urban.com.au/new-apartments/cosmopolitan-by-deicorp-parramatta-34-hassall-street-parramatta-nsw-2150">Parramatta project Cosmopolitan</a> will bring over 600 apartments across two towers on Hassall Street, on the doorstep of the Robin Thomas Light Rail station.

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2024 also saw the completion of Downtown, part of Deicorp’s major revitalization of Zetland. This project was also Deicorp’s first completed development with Latent Defects Insurance.

With a significant footprint in central Sydney through Hyde Metropolitan and the redevelopment of the Polding Centre, Deicorp is also active in the fast-growing Hills Showground Precinct in Castle Hill, right next to the newly opened Metro station.

Looking ahead to 2025, Deicorp will continue its momentum, adding several thousand apartments to its construction pipeline. Later this year, they will begin their largest development to date—Kings Bay Village in Five Dock. Located near Parramatta Road, bus stops, and the future Five Dock Metro station (set to open in 2032), Kings Bay Village will deliver nearly 1,200 apartments to Sydney’s undersupplied housing market. The development will feature six towers sitting atop a commercial, retail, and community podium, with a central plaza running between the towers.

Furolo is excited about the project’s significance for both Deicorp and the local Canada Bay area.

“Every conversation we have—whether with industry professionals or potential investors—everyone is asking about the timeline for Kings Bay Village,” Furolo says.

“The precinct will offer everything. Of the 1,200 apartments, 15 percent will be set aside for affordable housing—an integral part of our ethos that we’ve been committed to for several years now.”

The scale of Kings Bay Village means it will contribute 23 percent toward Canada Bay Council’s goal of delivering 5,000 new homes by 2029.

Deicorp hopes to secure approval for the project in mid-2025, after which they will begin clearing the site and undertaking land remediation.

Furolo highlights that Deicorp’s competitive edge lies in their ability to act quickly once approvals are in place.

"Once we secure approval, we waste no time," he says. "We immediately begin preparing the site for construction. During the planning and design phase, we assess the market, so we already know there’s demand for this type of product in this location. This allows us to deliver housing supply consistently across Greater Sydney."

In 2025, Deicorp will again expand into new areas, with its first development on the Lower North Shore. <a href="https://www.urban.com.au/new-apartments/falcon-alexander-8-alexander-street-crows-nest">Falcon &amp; Alexander</a> in Crows Nest will rise 22 levels from the corner of Falcon and Alexander Streets, near key transport links. The building will offer 188 one, two, and three-bedroom apartments, 15 percent of which will be affordable. Furolo anticipates the project will be especially popular with downsizers in the area.

Additionally, Deicorp will break ground in Macquarie Park, another hot development zone. They have plans for a 17-level tower with 180 apartments, designed by DKO, just 300 metres from the Macquarie Park Metro station and shopping centre.

Deicorp’s Chairman, Fouad Deiri, stresses the importance of connecting housing to transport infrastructure.

“Being able to provide affordable homes for essential workers in such a prime location makes these projects all the more meaningful,” Deiri says.

In 2024, the iCIRT-rated builder-developer completed more than 1,500 apartments across several key projects in Zetland and Castle Hill

How Deicorp is shaping Sydney’s housing future with transport-oriented apartment developments

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

max.kwok_55688

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

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Hobart recorded 7.6% of houses and 10.9% of units reselling at a loss over the September 2016 quarter, according to CoreLogic's latest Pain and Gain report.
The property data firm says that the occurrence of resales at a loss has fallen over the quarter for houses and units in Hobart.
The chart below relates to Hobart only losses in houses versus units.
<a href="https://www.propertyobserver.com.au/images/2017/01/30/Corelogic-18.jpg" target="_blank">Click to enlarge</a>
<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/2017/01/30/Corelogic-18.jpg" alt="">
The Hobart (5.9%), Clarence (9.1%) and Kingborough (11.0%) council areas had the lowest proportion of loss-making resales over the quarter.
The instances of resale loss were much higher in: Brighton (18.2%), Derwent Valley (17.4%) and Sorell (15.0%).
<a href="https://www.propertyobserver.com.au/images/2017/01/30/Corelogic-19%20copy%202.jpg" target="_blank">Click to enlarge</a>
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Derwent Valley resales at loss still high, but Hobart sales are increasingly profiable: CoreLogic Pain and Gain

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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>
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<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>
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<div class="column">It is just a short 5-minute drive from all the amenities that Moonah has to offer. </div>
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<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>
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<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>
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<div class="column">It features carpeted bedrooms, open dining and kitchen area, undercover entertaining area and double garage. </div>
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<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>
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<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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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.
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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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Tasmania expected to see a steady property market in 2020: HTW residential 

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Tasmania continues to lead the country in many property indicators, according to a recent Herron Todd White (HTW) residential report. 
The report notes that in comparison to some of the larger mainland markets, the premium price segment to some extent remains ‘affordable’.
The highest ever residential sale was in 2011 for in excess of $8 million.
To date the highest sale of 2019 has been for $3.7 million being a riverfront holding positioned between Wrest Point and the Royal Hobart Yacht Club at <a href="https://www.realestate.com.au/sold/property-house-tas-sandy+bay-130594658" target="_blank">358 Sandy Bay Road, Hobart</a>.
It comprises a dual level holding with five-bedrooms, three-bathrooms and a double carport. 
"As would be expected its fully secured with an electronic gate and features its own jetty," the valuation firm said. 
<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/2019/12/4/sandy%20bay.jpg" alt="">
The talk of the town however is the construction of a family residence at Tinderbox, just south of Blackmans Bay.
CoreLogic have reported a construction cost of $17 million on realestate.com. Records show the land was purchased for just over $3 million.
"Comprising a riverfront holding over dual levels with a floor area in excess of 1200 square metres of living. Anyone for a small hotel?" the valuation firm said. 
The HTW report notes up north in Launceston a sale was settled at the start of the year for $3.25 million.
This was located at <a href="https://www.realestate.com.au/sold/property-house-tas-launceston-129370374" target="_blank">1 Brisbane Street </a>(pictured below) virtually within the CBD and known as Glenfruin.
<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/2019/12/4/launceston.jpg" alt="">
Promoted as a historic Italianate style home it is positioned overlooking City Park on a 1482 square metre lot.
The house is built over three levels, and is a fully renovated 1880s home with four-to-five bedrooms.
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Tasmania's premium price segment remains 'affordable' compared to larger mainland markets: HTW residential 

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The days of residential yields returning towards 10% have well and truly passed thanks to the current boom, according to a recent Herron Todd White (HTW) residential report. 
The valuation firm took a look at rental yields across the nation.
"So, what can your investment dollar buy?
"Currently, inner-city Hobart has a unit at 1 Collins Street (pictured below) for sale at $850,000," the valuation firm said. 
<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/2019/11/4/hobart.jpg" alt="">
Rented at $775 per week this reflects a 4.74% return.
Or perhaps for the budget conscious a serviced apartment style motel room at 156 Bathurst Street (pictured below) is being marketed with a 6% return.
<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/2019/11/4/hobart%202.jpg" alt="">
Further from the city in Glenorchy, a two-bedroom, one-bathroom unit with carport in Lucia Court is offering 6.1%.
For the institutional buyer, there has been a sale of an eleven unit complex in Kingston for $2.75 million being eight two-bedroom, one-bathroom and three three-bedroom, two-bathroom units returning 5.63%.
"Up north in Launceston similar yields are available," the valuation firm said. 
Looking at the inner city, a walk-up two-bedroom unit at 43-47 Elizabeth Street (pictured below) rented at $350 per week is currently being marketed at $349,000 reflecting a 5.21% return.
<img src="https://www.urban.com.au/images/2019/11/4/launceston%201.jpeg" alt="">
Or for that budget buyer again how about a 36 square metre motel bedsit for $158,000 with a (net) return of towards 7%.
"In Parklands Parade, Newnham you can secure a two-bedroom, one-bathroom 1990s unit with carport for $189,000 returning 6.9%," the valuation firm continued. 
"And the institutional buyer? There has been a sale of eight new strata titled units in Hortus Place, Newnham for $2.25 million, all two-bedroom, one-bathroom with floor plates between 91 and 98 square metres." 
The sale reflected an adopted yield of 5.55%.
On the north-west coast, this month saw the sale of two new units in Nairana Place, Shorewell Park, Burnir for $550,000, comprising a two-bedroom and a three-bedroom, both one-bathroom with garage.
The sale showed an adopted yield of 5.48%.
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Tasmania residential yields returning towards 10%: HTW residential 

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Hobart resales of properties over the June 2019 quarter generated $185.0 million in profits and $1.6 million in losses, according to the latest findings from CoreLogic's Pain &amp; Gain report.
Based on these figures, Hobart accounted for 1.1% of profits nationally over the quarter and 0.2% of losses.
<img src="https://www.urban.com.au/images/2019/10/29/Resales%20HOB%201.JPG" alt="">
Sorell had no resales at a loss over the quarter and Glenorchy and Hobart had less than 2% of resales at a loss.
Brighton was the only region of Hobart in which more than 5% of resales were at a loss over the quarter.
Values in Hobart are increasing at a much slower pace relative to recent years.
CoreLogic said it would expect the share of resales at a loss will be fairly steady over the coming quarters.
<img src="https://www.urban.com.au/images/2019/10/29/Resales%20HOB%202.JPG" alt="">
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Hobart property resale losses remain low despite market slowdown: CoreLogic Pain & Gain Report

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Over the past few years some different segments of the Tasmania market (such as first home buyers or retirees) are forming sub segments and can be broken down a bit more, according to a recent Herron Todd White (HTW) residential report. 
Some groupings are as follows:
First Home Buyers
"Our young future leaders are eager to step onto the property ladder," the valuation firm said. 
"Firstly, we have those who want to take advantage of the $20,000 government grant available for new homes."
In Hobart, these buyers will drift to middle and outer ring suburbs such as Austins Ferry, Old Beach, Brighton, Oakdowns and Kingston simply because that is where land is affordable.
A two bedroom villa unit at <a href="https://www.realestate.com.au/sold/property-unit-tas-kingston-131983922" target="_blank">4/7 Redwood Road, Kingston </a>(pictured below) has recently been sold for $341,000.
The home comprises two bedrooms, lounge, kitchen and dining area and fully fenced garden.
It's close to public transport, shops, schools and services. 
<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/2019/9/25/kingston%20.jpg" alt="">
In the north, Legana, St Leonards and Kings Meadows would be the go to regions. Despite popular opinion of our younger generation, many are not building the McMansion, although they are typically building larger homes than what they grew up in, with three or four bedrooms, two bathrooms and a double garage.
Secondly in this grouping are those buying an established home. These buyers typically are looking at post war dwellings with a more modest three bedrooms, one bathroom and a garage or carport. Suburbs such as Claremont and Rosetta in the south and Summerhill and Youngtown in the north are good examples.
The report notes the advantage of this approach is that housing is generally cheaper and the facilities within the estate or suburb are better.
Up-graders
"This is the segment that is buying the forever home.... and they want the bells and whistles," HTW said.
"Typically, this grouping will buy for lifestyle (and to impress the friends a touch). While inner city living with all the benefits of the cafe lifestyle remains very popular in both Hobart and Launceston (read established apartments buildings such as 1 Collins Street, Zero on Davey in Hobart and The Seabel and Seaport in Launceston) we also see people taking the 180 degree turn and heading to the city fringes for a little acreage, perhaps for a pony or pool."
Suburbs such as Acton Park in the south and Relbia in the north remain in demand.
A current listing is a five bedroom renovated house in Relbia with a price guide of over $1,295,000.
Set on 2 hectares, the home at <a href="https://www.realestate.com.au/property-house-tas-relbia-131635978" target="_blank">449 Glenwood Road </a>(pictured below) was designed by S. Group &amp; Design Frank.
It consists of 5 bedrooms, 2.5 bathrooms, open plan living rooms, gymnasium, double garage and indoor pool. 
<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/2019/9/26/relbia.jpg" alt="">
Down-graders
The report suggests this grouping again can be split into two segments.
"Firstly, we have those moving out of suburbia and heading to the inner city again, chasing ease of lifestyle and ready accessibility to facilities.
"On the flip side, we have those cashing in the forever home and heading for a sea change. This grouping is heading to the coast, generally within an hour or so of the city (read family). Coastal towns such as Orford in the south and Bridport in the north are examples that have seen a population drift towards them." 
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