As construction is now underway, Maasra Apartments qualifies for the $25,000 HomeBuilder Grant, available to eligible individuals and couples who intend to own and occupy an apartment they purchase off the plan before the December 31 deadline. With Maasra Apartments starting at $399,000, a number of one and two-bedroom apartments also meet the criteria for…
Karam appoints Hindmarsh to deliver Maasra
Hindmarsh Construction Australia has started work on a $102 million mixed use development in Coorparoo, qualifying the project for the federal government’s HomeBuilder grant. Being developed by Karam Group, the eight level Maasra Apartments will have 102 dwellings and is expected to be completed in late 2021. The $25,000 HomeBuilder grant is available to eligible…
First-home buyers flock to newly built apartments in south-east Queensland
First-home buyers have flocked to new developments in south-east Queensland, with or without government incentives, property developers and sales agents report. The keen interest comes despite the economic burden of the coronavirus pandemic, with Brisbane’s broader housing market so far defying the gloom. Established home values in Brisbane rose 0.5 per cent in September, the latest…
Omega Apartments Strong
Luxury residential property developer HG Developments’ new lifestyle building in Brisbane’s inner city has sold 18 apartments in recent months to local, interstate and international buyers across all price points and demographics, despite the uncertainty of Covid. Of the recent 18 apartment sales at Omega Apartments, 85 per cent of the buyers are from Brisbane, 10 per…
First Home Loan Deposit Scheme Extended, Caps Increased
The federal government will allow an additional 10,000 first home buyers to obtain a loan to build or purchase a newly-built home with a deposit of as little as 5 per cent, via an extension of the First Home Loan Deposit Scheme. The scheme, which has already assisted 20,000 first home buyers in purchasing a…
In Conversation: Behind the Scenes at the Dennis Family Corporation
The Urban Developer welcomes Bert Dennis OAM, founding chairman of Dennis Family Corporation, along with executive chairman Grant Dennis, to our webinar series. During the past sixty years, the Dennis Family corporation has evolved into one of Australia’s largest private landowners, controlling development and home building arms that make up the bulk of a business whose…
