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Residential vacancy rates jumped in Middle Sydney as more stock has come onto the market, according to data released by the Real Estate Institute of New South Wales.
REINSW President John Cunningham said the September 2016 REINSW vacancy rate survey had Middle Sydney see a rise of 0.5 per cent to 2.1 per cent, leading a 0.1 per cent increase in the overall Sydney vacancy rate to 1.9 per cent.
“The Middle Sydney vacancy rate has been affected by more stock coming onto the market,” Mr Cunningham said.
<a href="/images/2016/10/17/Vacancy%20rate%201.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/17/Vacancy%20rate%201.jpg" alt="">
“Elsewhere across Sydney, the Inner Sydney vacancy rate fell 0.1 per cent to 1.8 per cent and Outer Sydney rose 0.1 per cent to 1.8 per cent,” Mr Cunningham said.
In the Hunter region, vacancy rates dropped 0.5 per cent to 2.2, led by a tightening of the Newcastle market at 1.9 per cent down 1.1 per cent.
<a href="/images/2016/10/17/Vacancy%20rate%202.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/17/Vacancy%20rate%202.jpg" alt="">
In the Illawarra region, vacancy rates are back at levels seen six months ago at 1.3 per cent down 0.3 per cent. Wollongong was up 0.2 per cent at 1.3 per cent.
Across regional areas, Albury was down 0.2 per cent at 2.9 per cent, Northern Rivers fell 0.3 per cent at 1.0 per cent and New England remained steady at 3.9 per cent.
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j.ballantyne1990-6AQqhLzZaK

Rental vacancy accommodation in middle Sydney increases: REINSW

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A survey of first home buyers has found most would not consider asking parents to go guarantor on their home loan
The annual First Home Buyer survey from Mortgage Choice found Victoria had highest proportion of first home buyers who would not ask parents for help.
Mortgage Choice chief executive officer John Flavell said 59.7 percent of respondents to the survey would not consider asking their parents to go guarantor on their home loan and one reason is because they don’t understand what guarantor loans are and how they work. 
“While guarantor loans have been around for a while, they have only enjoyed a surge in popularity in recent times," he said.
"As such, many first home buyers may not even be aware that guarantor loans exist.
“In addition, some first home buyers may feel as though they need to be able to prove they can buy a home on their own and don’t want to burden their parents by asking them to go guarantor on their loan.
“Nearly 65 percent of Victorian-based first home buyers said they would not consider asking their parents to go guarantor on their loan.
"With home prices rising month after month, many first home buyers were finding it increasingly difficult to get their foot onto the property ladder without some form of financial assistance.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="198">
Would you consider asking your parents to go guarantor on your loan?
</td>
<td width="44">
National
</td>
<td width="44">
NSW
</td>
<td width="44">
VIC
</td>
<td width="44">
QLD
</td>
<td width="44">
SA
</td>
<td width="44">
WA
</td>
</tr>
<tr>
<td valign="top" width="198">
Yes
</td>
<td valign="top" width="44">
35.7%
</td>
<td valign="top" width="44">
43.8%
</td>
<td valign="top" width="44">
32.5%
</td>
<td valign="top" width="44">
37.5%
</td>
<td valign="top" width="44">
31.9%
</td>
<td valign="top" width="44">
33.7%
</td>
</tr>
<tr>
<td valign="top" width="198">
No
</td>
<td valign="top" width="44">
59.7%
</td>
<td valign="top" width="44">
52.7%
</td>
<td valign="top" width="44">
64.9%
</td>
<td valign="top" width="44">
59.2%
</td>
<td valign="top" width="44">
58.5%
</td>
<td valign="top" width="44">
62.9%
</td>
</tr>
<tr>
<td valign="top" width="198">
My parents and I don't know/ understand what guarantor is
</td>
<td valign="top" width="44">
4.6%
</td>
<td valign="top" width="44">
3.5%
</td>
<td valign="top" width="44">
2.6%
</td>
<td valign="top" width="44">
3.3%
</td>
<td valign="top" width="44">
9.6%
</td>
<td valign="top" width="44">
3.4%
</td>
</tr>
</tbody></table>
“Not only are property prices rising across most capital cities, but all of the states have now removed the first home buyer grant for those wishing to purchase an established dwelling.
He said according to Mortgage Choice data more than 80 percent of first home buyers will look to purchase an established dwelling, meaning the vast majority of first timers will not receive any type of government financial incentive.
“With that in mind, there are plenty of reasons why a first home buyer may need financial assistance from their family. And while it is clear the majority of first home buyers are uncomfortable about asking a parent to go guarantor on their loan, there is a lot of benefits associated with this type of loan structure.   
“A guarantor can not only help first home buyers get their foot on the property ladder sooner rather than later, but they can also help them to avoid paying potentially costly Lenders Mortgage Insurance.
He stressed it was important to speak to a mortgage professional.
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First home buyers reluctant to ask parents for help

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While Lismore City caters for all potential buyer types, the vast majority of sales activity appears to be located within the $250,000 to $350,000 price bracket, according to Herron Todd White’s latest monthly market report.
The property advisory firm says that the primary reason for this is that it appeals to not only the first home buyer but also "the savvy investor."
The gross rental yields for a single residential house or unit would barely register 5 percent for properties above $400,000.
However, within the $250,000 to $350,000 range, HTW have started seeing better returns, particularly if current mortgage lending rates stay below 4 percent for the medium to long term.
One example would be a three bedroom home at <a href="https://www.realestate.com.au/property-house-nsw-lismore-123787958" target="_blank">25 Junction Street</a> (above) that is for sale for $315,000.
HTW noted coupled with basement areas, it is not uncommon for property owners to retro fit the space into a self contained granny flat to generate a bit more coin "regardless of whether such improvements are Council approved or not!".
Dwellings and units in this price range are generally original or may have some minor cosmetic improvements, hence making the potential capital gain that could be gleaned from investing in a new kitchen, bathroom or even addition of an en suite if existing space permits) an inviting prospect whilst potentially improving the rental base.
Within this price range, one would expect to purchase a 3-bedroom, 1- to 2-bathroom, single or double garage brick and tile home in Goonellabah with potential rent from $275 to $375 per week depending on location, availability of services and general condition.
At $250,000 to $350,000 the range is simply seen as being affordable and a good starting point for a reasonable quality of accommodation.
From that base, first home owners and investors can value add to the existing structure.
The slowest moving sector, particularly in the past three years, is the typical, unrenovated brick and tile 2-bedroom, 1-bathroom unit with carport, usually within a complex of three or four units.
"This seems rather peculiar given that the price range is approximately $150,000 to $200,000 and is still able to rent for around $200 to $250 per week.
"However, hidden costs such as an ill-managed body corporate and outstanding maintenance issues may give cause for concern."
Herron Todd White noted that first home buyers have higher expectations as their first home.
"Other reasons could be that first home buyers simply have higher expectations and want that 4-bedroom, 2-bathroom home with a double garage as their first home. It does happen. We have completed a number of To Be Erected valuation reports with first home buyers buying land for around $180,000 to $200,000 and then requiring a new build contract at $200,000 plus.
Images of a chained millstone around the neck pop up in one’s mind when witnessing this paradigm shift.
Times have certainly changed since the 1950s and 1960s."
Modern, residential properties in the $400,000 plus price bracket are generally reserved for upgraders and there is reasonable demand.
In the rural townships of Casino and Kyogle, the favoured price range for investment property is lower at $175,000 to $275,000, but interestingly, the rental is higher as a gross yield percentage to the market value of the property.
Similar to Lismore City, original 2-bedroom units within Casino and Kyogle are also hard to move with overall market value being relatively stagnant and even dipping throughout the year.
"But then again, a Casino or Kyogle $110,000 to $120,000 unit is still able to attract rent of around $170 to $200 per week.
"Lastly, the old adage of location, location, location still weighs in heavily in the eventual sale price achieved with convenience of location to shopping, schools and services contributing to demand for housing close to the CBD and local neighbourhood centres," it concluded.
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Lismore market appealing to some first home buyer and investors: HTW

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The Real Estate Institute of Victoria has announced that Joseph Walton has been elected president for 2016-17.
Mr Walton has a long history of involvement with the REIV, having served on a number of committees and as REIV President over the past six months.
Joseph has had an extensive involvement with the REIV Commercial and Industrial committee – serving as a committee member over a five year period (2009-14), including four as chair (2010-2014).
He has also been a member of the Education Committee and Members Council.
Joseph is a Director of CBD-based commercial agency Allard Shelton Pty Ltd.
He said that he is privileged to continue serving REIV members as their President.
“The next 12 months are vital for REIV members, as the industry continues to evolve and a range of State Government reviews are undertaken,” he said. “The Board is united in its focus on meeting these challenges.”
Two new office bearers have also been elected to office for 2016-17 – Mr Richard Simpson (Senior Vice President) and Ms Robyn Waters (Vice President).
Mr Walton congratulated Mr Simpson and Ms Waters. He also welcomed new REIV Directors Mr Noel Dyett and Ms Sophie Lyon, who commenced their term in October 2016.
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Joseph Walton elected REIV president for 2016-17

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The Federal Court has declared that land banking developments operated by Jamie and Dennis McIntyre were unregistered managed investment schemes in a decision delivered by His Honour Justice Bromwich on 17 October 2016.
The Court also made orders that Jamie and Dennis McIntyre be disqualified from managing corporations and restrained from carrying on financial services for a period of 10 years each, due to them being officers of companies that had failed, by virtue of them being wound up, and which had also repeatedly contravened the Corporations Act .
Jamie and Dennis McIntyre agreed to the banning orders made against them.
Further, the Court made orders to wind up the unregistered managed investment schemes, which were promoted and advertised by the 21st Century land banking companies.
The unregistered managed investment schemes are known as:
<ul>
<li>Botanica, located at 805 Archer Rd, Kialla, Victoria 3631</li>
<li>Secret Valley Estate, located at  955, Old Sydney Road, Bylands, Victoria 3762</li>
<li>Oak Valley Lakes Estate &amp; Resort, located at 124 Booth Road, Brookhill, Townsville, Qld 4816</li>
<li>Bendigo Vineyard Estate &amp; Resort, located at  51 Andrews Road, Bendigo, Victoria 3551</li>
<li>Melbourne Grove Estate, located at  1491 Dohertys Road, Mount Cottrell, Victoria 3024</li>
</ul>
Simon Wallace-Smith and Robert Woods of Deloitte have been appointed as joint liquidators of the unregistered managed investment schemes.
ASIC Commissioner Greg Tanzer said, "The high banning periods ordered by the Court in this case are necessary to protect the public from those who are officers of companies that repeatedly contravene the Corporations Act.  It also serves as a warning to those involved in unlawful unregistered managed investment schemes, including those that involve land banking, that ASIC will take action."
ASIC's investigation into the matter is ongoing.
ASIC commenced proceedings in August 2015 against Jamie and Dennis McIntyre and the 21st Century land banking companies in relation to their promotion and sale of interests to investors in five land banking schemes.
ASIC’s proceedings are part of ASIC's wider and ongoing investigation into land banking schemes.
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Federal Court declares 21st Century land banking schemes unlawful

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Tucked away at the end of a private driveway and set amid lush tropical gardens is a Chelmer home located in one of Brisbane's most prestigious enclaves.
The three bedroom, <a href="https://www.realestate.com.au/property-house-qld-chelmer-123875214" target="_blank">architecturally designed home</a> offers river views from nearly every angle.
The open plan lounge and dining areas are banked by walls of glass which provides seamless integration to the poolside terrace.
Of course no absolute riverfront home would be complete without a private pontoon and access to an additional boat ramp.
A separate guest retreat with its own private courtyard completes the 1,315 sqm property.
Peter May and Brad Robson at Place Real Estate have set a November 19 auction date. 
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Chelmer, Brisbane trophy home listed for auction

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Knight Frank has published its third Chinese Outbound Real Estate Investment Report titled Changing Currents, Rising Tides.
Riding on last year’s strong momentum, the waves of Chinese outbound capital continued in major real estate markets around the world in H1 2016, with more to come through the rest of the year.
Global gateway locations have seen undiminished interest from Chinese investors, who are driven by Chinese economic and policy factors and are attracted by favourable local market conditions in gateway cities.
China’s capital outflow control has been a push factor so far, but it could prove to be a double-edged sword.
Stringent requirements have made it difficult for some investors to secure foreign exchange clearance.
According to Knight Frank’s Head of Research and Consulting, Australia Mr Matt Whitby, “The volume of Chinese investment in Australia is down considerably year-on-year because of a lack of mega-deals in the first half, as large deals such as the Investa portfolio dragged the 2015 number higher.
“Amid competition from other Asian buyers, however, there is a strong Chinese appetite for en-block commercial properties in both Sydney and Melbourne, attracted by rental growth supported by strong tenant demand and a supply shortage,” said Mr Whitby.
<ul>
<li>Chinese capital outflow continued strongly in H1 2016, with a total of US$10.7 billion invested. Although showing a 13.6 percent drop compared to H1 2015 this should be considered in the context of some of the biggest real estate deals in Chinese outbound investment history early last year, such as the US$1.9 billion purchase of New York’s Waldorf Astoria Hotel. While overall investment is somewhat softening, we saw strong growth of Chinese capital inflow in a number of key gateway cities.</li>
</ul>
<ul>
<li>
In Australia, with the absence of mega-deals such as last year’s CIC’s record breaking purchase at US$1.8bn for an office portfolio, the volume of office deals dropped 65 percent and hotel deals dropped 42% YoY. Investment in development sites stabilised. Nonetheless, Chinese and other Asian capital remain drawn mainly to Sydney and Melbourne’s office markets given their short supply and rental growth prospects. One important observation is that Chinese developers are now looking to diversify into income producing properties.</li>
</ul>
<ul>
<li>In Australia, Chinese investors and developers spent US$1.7bn in Australia in 1H 2016 – a 37 percent decline year-on-year. With the absence of mega deals, such as CIC’s record-breaking purchase at US$1.8bn for an office portfolio (AUD2.45bn), the volume of office deals dropped 65% and hotel deals dropped 42% year-on-year. Meanwhile, investment in development sites stabilised.</li>
</ul>
<ul>
<li>Chinese outbound investment as a whole was gaining momentum as we crossed the half-year mark, with the biggest push coming from the Chinese economy itself. Global gateway locations have seen undiminished interest from Chinese investors, helped by favourable local market conditions like market depth, rental growth prospects, and in the case of London, a cheaper UK pound.</li>
</ul>
<ul>
<li>However there are challenges ahead. China’s capital outflow control was designed to prevent the erosion of the country’s vast foreign exchange reserves, but its stringent requirements have made it difficult for some investors, mainly smaller ones, to obtain foreign exchange clearance. Some sizeable investors have invested through overseas subsidiaries, but these subsidiaries may run out of funds if the grip on foreign exchange reserves is not loosened.</li>
</ul>
According to Knight Frank’s Head of Asian Markets, Australia Dominic Ong, “Chinese and other Asian capital continues to be drawn mainly to the office markets in Sydney and Melbourne. Tenant demand from various sectors remains strong, but lack of supply has caused rents in both cities to rise and vacancies to fall. Yields, meanwhile, have been tightening, but are still above long-term bond yields.
“Fewer buying opportunities, coupled with the positive rental outlook, have already attracted large Chinese private developers such as Poly Group and Shanghai Shenglong to the office market. Since June there have been a number of major deals in the making, which will underpin the investment market outlook for 2016.
“Activity has picked up in the past few months. Some of the most recent transactions in Australia from Chinese buyers include 15 Help Street, Chatswood which sold for AUD43.8m to One Pro Investment Group; 20 Bridge Street, Pymble which sold for AUD78m to YuHu; 210 George Street, Sydney sold for AUD160m to Poly Group; and 61 Lavender Street, Milsons Point sold to Aqualand for AUD110m,” said Mr Ong. <a href="/images/2016/10/19/Chinese%20investment%20in%20major%20gateway%20cities.jpg" target="_blank">Click to enlarge</a>
 <img src="/images/2016/10/19/Chinese%20investment%20in%20major%20gateway%20cities.jpg" alt="">
Mr Whitby said, “The US is now firmly established as the most important destination for Chinese capital, having attracted US$5.1 billion worth of Chinese investment in H1 2016, up 21 percent year-on-year (YoY).
“The Australian market meanwhile showed a 37% YoY decline due to the absence of mega-deals we saw last year.”
Paul Hart, Executive Director, Greater China at Knight Frank said, “Meanwhile, Chinese investment in the UK showed an impressive YoY increase of 75 percent in H1. The interest in the British capital has not diminished even after the Brexit vote as the market saw a number of major transactions taking place since then. Closer to home, Hong Kong saw US$1.68 billion worth of Chinese investment in H1, a minor volume drop YoY. However we have seen a number of large deals since July which will enhance the whole year result.”
<ul>
<li>In the US, New York attracted 80% of Chinese investment in the US. A large share of this (62 percent) was in office deals, as Chinese institutional capital continued to chase trophy assets. Major hubs on the west coast, such as San Jose and Seattle, also drew interest from Chinese investors. As the Fed-led low interest-rate environment persists, Chinese investors will continue to favour tangible assets such as real estate.</li>
</ul>
<ul>
<li>In the UK, the economy’s perceived stability and London’s status as an international financial centre contributed to the UK’s 75 percent YoY increase in Chinese investment before Brexit. Private banks and conglomerates became a key part of the investment landscape, which was previously dominated by large insurance companies. Chinese investors’ interest in the city seemed unabated after Brexit, with a number of major office transactions completing since July.</li>
</ul>
<ul>
<li>Hong Kong has attracted Chinese investors thanks to increased financial cooperation and its position as the international financial centre closest to China mainland. Currency and stock connect schemes between Hong Kong and the Mainland attracted new investor and tenant demand. Owning office space is an attractive option due to Hong Kong having the world’s highest office rents. Meanwhile, the city’s residential land market also offers better value than some hotly-contested Chinese markets.</li>
</ul>
<ul>
<li>Feeling the pressure from the RMB’s steady devaluation against the US dollar, Chinese investors, particularly private conglomerates, have tended to invest aggressively in hard assets. The demand for real estate has coincided with strong appetite in other investments.</li>
</ul>
Bunny Wang, Senior Director, Head of International Capital Markets and International Project Marketing, China, Knight Frank, believes that Chinese investors will continue to be interested in the traditional gateway markets.
She notes that the buying spree that resulted from the RMB’s steady devaluation against the US dollar bodes well for gateway markets, at least in the short term.
Furthermore, despite talk of a prolonged slowdown, China’s GDP growth has stabilised at above 6.5 percent.
She believes one of the main ways the central government will achieve its GDP growth target is through infrastructure investment and real estate market-led consumption.
Given the highly competitive domestic real estate market, many investors and developers are keen to diversify their investment overseas.
David Ji, Director and Head of Research and Consultancy, Greater China at Knight Frank, believes that China’s capital outflow control could present some risks.
Stringent requirements for foreign exchange clearance aside, he believes that the prospect of high land prices in the country’s major cities would encourage the seeking of overseas opportunities.
But the complicated processes and planning issues in gateway markets could diminish the willingness of Chinese investors to explore those markets more deeply.
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Chinese real estate investment in Australia was down YoY, however activity has recently picked up again

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A longstanding Melbourne butcher shop has been listed for sale. It has recently renewed a three year lease to 2019 however there is the opportunity to extend it until 2025.
The single tenant investment at 135 Main Street Pakenham has a a rent of $67,638 pa.a with a fixed annual rent increase of three percent with the tenant paying all usual outgoings. It has a large 250 sqm area site with dual retail frontage to main street and a public car park at the rear of the building. It has also been approved for premium Commercial 1 zoning. 
The building is in a central position within the thriving retail strip with numerous national retailers nearby including CBA, Chemist Warehouse, Westpac, ANZ and Australian Post to name just a few, it is also to close proximity to Pakenham train station.
The Pakenham and Cardina Shire Council is undergoing significant residential development with 94,492 population forecasted to grow to 175,453 by 2036.
The auction is on October 26 through Burgess Rawson agents Doug Doyle and Shaun Venables.
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Longstanding Pakenham butcher shop for auction

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Riding on last year’s strong momentum, the waves of Chinese outbound capital continued in primary real estate markets around the world in the first half of 2016, according to Knight Frank.
Looking at the total volume, the US$10.7 billion invested actually represents a 13.6 percent drop compared to the same period last year.
But this should be considered in the context of some of the biggest real estate deals in Chinese outbound investment history early last year, such as the US$1.9 billion purchase of New York’s Waldorf Astoria.
Nevertheless, Chinese investment was gaining momentum as we crossed the half-year mark. Since June there have been deals in the making that promise to turn 2016 into another productive year.
<a href="/images/2016/10/19/Chinese%20global%20real%20estate.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/19/Chinese%20global%20real%20estate.jpg" alt="">
The US market attracted US$5.1 billion worth of Chinese investment in the first half of the year, up 21 percent year-on-year (YoY).
Chinese investors, like most international investors, are again focusing primarily on the major markets, especially New York, which attracted 80 percent of Chinese investment in the US. Remarkably, the amount of Chinese capital invested in New York from January to June was equivalent to 81 percent of Chinese capital invested in the city in all of 2015.
<a href="/images/2016/10/19/Top%20Chinese%20real%20estate.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/19/Top%20Chinese%20real%20estate.jpg" alt="">
A large share of this (62 percent) was in office deals, as Chinese institutional capital continued to chase trophy assets. A joint venture involving China Life, for example, bought the PaineWebber Building in New York for US$1.65bn. Both CIC and HNA group also splashed out on New York offices this year.
<a href="/images/2016/10/19/Sector%20share.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/19/Sector%20share.png" alt="">
Major hubs on the west coast, such as San Jose and Seattle, also drew interest from Chinese investors, particularly hi-tech-related development sites and industrial properties. For example, LeEco acquired the former Yahoo site, where it reportedly plans to set up regional headquarters.
As the Fed-led low interest-rate environment persists, Chinese investors, like all investors chasing yield, will continue to favour tangible assets such as real estate in the next few years. Added to this is the slow devaluation of the renminbi against the US dollar, which has resulted in a sense of urgency for Chinese investors to invest in USD-denominated assets.
<a href="/images/2016/10/19/Location%20share.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/19/Location%20share.jpg" width="400">
Some investors may wait for the coast to clear regarding the presidential election, but barring a major political upset, the US should see slow but stable GDP growth of around 2 percent, according to IMF’s latest forecast. This will put the US ahead of other developed countries, where the danger of a recession continues to linger.
Added to this advantage is the significant market depth, not just in New York, but in a score of coastal hubs and high-tech centres, making the US the foremost investment destination 2,700 for Chinese capital.
<a href="/images/2016/10/19/Chinese%20real%20estate.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/19/Chinese%20real%20estate.jpg" width="400">
In the six months leading up to the Brexit vote, London, which drew the lion’s share of Chinese investment in the UK, saw a number of large en- block deals, which contributed to the US$1.7bn in total volume, a whopping 75% uptick year on year.
Even though there were only a limited number of transactions, London’s status as a key international financial centre and the perceived stability of the UK economy definitely contributed to this tremendous growth.
<a href="/images/2016/10/19/Top%20Chinese%20real%20estate%202.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/19/Top%20Chinese%20real%20estate%202.jpg" alt="">
One interesting aspect of these deals is that private banks, developers and conglomerates such as Baosheng Bank and Fosun became noticeable part of the investment landscape, which was crowded last year with major Insurance companies. This is partly because they are able to make decisions more quickly. They tend to favour the City and West End over Canary Wharf, partly because of pricing.
Even after the Brexit vote, Chinese investors’ interest in London seems undiminished, as there have been a few major office transactions since July. For example, through its majority-controlled SRE group, China Minsheng Investment Corp, said to be China’s largest private investment conglomerate, bought Societe Generale’s London headquarters for GBP84.5 million (US$110 million) in September. Meanwhile, Vanke reportedly bought London’s Ryder Court for GBP115 million (US$149 million) through Hong Kong-listed Vanke Overseas.
<a href="/images/2016/10/19/Chinese%20real%20estate%202.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/19/Chinese%20real%20estate%202.jpg" width="350">
While economists have torn up their previous forecasts of a UK recession, the negotiation process for Brexit will still mean increased political uncertainty in the short term.
During this period we expect overseas buyers to focus on Central London, particularly districts popular with technology and media firms, instead of looking at the wider UK. The fall in the value of the pound and recent yield softening has made London more attractive than some other global hubs.
Chinese investors and developers spent US$1.7bn in Australia in H1 2016, a 37 percent decline YoY. With the absence of mega-deals, such as CIC’s record breaking purchase at US$1.8bn for an office portfolio, the volume of office deals dropped 65 percent and hotel deals dropped 42 percent YoY. Meanwhile, investment in development sites stabilised.
Despite this, Chinese and other Asian capital continues to be drawn mainly to the office markets in Sydney and Melbourne. Tenant demand from various sectors remains strong, but lack of supply has caused rents in both cities to rise and vacancies to fall. Yields, meanwhile, have been tightening, but are still above long-term bond yields.
<a href="/images/2016/10/19/Top%20Chinese%20real%20estate%203.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/19/Top%20Chinese%20real%20estate%203.jpg" alt="">
Fewer buying opportunities, coupled with the positive rental outlook, have already attracted large Chinese private developers such as Poly Group and Shanghai Shenglong to the office market. Since June there have been a number of major deals in the making, which will underpin the investment market outlook for 2016.
<a href="/images/2016/10/19/Top%20Chinese%20real%20estate%203.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/19/Chinese%20real%20estate%205.jpg" width="400">
Despite its relatively smaller market, Hong Kong has attracted Mainland investors because of its role as the international financial centre closest to the Mainland and the increased financial cooperation between the two sides.
<a href="/images/2016/10/19/Chinese%20real%20estate%204.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/19/Chinese%20real%20estate%204.jpg" width="350">
In H1 2016, Hong Kong attracted over US$1.68bn worth of Chinese investment, down only 9% from the US$1.86bn recorded in the same period last year.
Since last year, a series of currency and stock connect schemes between Hong Kong and the Mainland have attracted new tenant demand from across the border. As Hong Kong office rents remain the highest in the world, any opportunity to own a trophy Grade A office asset in the CBD cannot be ignored.
Following Evergrande’s US$1.6bn purchase of the MassMutual building last year, Everbright group dished out US$1.28bn on the Dah Sing Financial Centre in H1 2016. In July, Cheung Kei Group, a private developer from Shenzhen, bought the East Tower of One Harbour Gate in Kowloon for US$580 million.
<a href="/images/2016/10/19/Top%20Chinese%20real%20estate%204.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/19/Top%20Chinese%20real%20estate%204.jpg" alt="">
Thanks to the severe shortage of en-block Grade A office buildings for sale, any property offered for sale is guaranteed to attract Mainland institutional investors and prominent developers, who are willing to pay higher prices.
The Hong Kong residential land market also offers better opportunity than some of the hotly contested Mainland markets. As witnessed in a recent land auction, Mainland developers are prepared to pay a higher premium in order to secure market share in the city and take advantage of anticipated growth in residential prices.
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Chinese outbound real estate investment changing currents, rising tide: Knight Frank

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Granville is emerging as one of Sydney’s active property markets, with a proposed 20-storey residential tower development proposed.
CBRE has been appointed to sell 2-6 Cowper Street – the site of Granville’s newest residential project, The Niu Granville – on behalf of developer Develotek.
Located on a 3,496sqm site, The Niu Granville is a two staged residential development comprising 264 units – including a mix of one, two and three bedroom apartments.
The proposed 20 storey development, which benefits from a central position in the heart of North Granville, also includes four levels of secure basement parking and ground floor retail/commercial. 
CBRE’s Alex Mirzaian said the property was positioned to capitalise on the ongoing revitalisation of Western Sydney.
“Granville and the wider Parramatta region are earmarked for major growth over the next two decades, with the NSW Government expecting to create 25,000 jobs and 25,000 new homes by 2036,” Mr Mirzaian said.
“The majority of North Granville is currently included as part of the study area for the Parramatta Road Urban Renewal Project, which will further ensure its position for strong growth and the success of both commercial and residential projects.”
Situated within close proximity to the new Parramatta Road development, and providing direct access to WestConnex via a proposed laneway, The Niu Granville will offer views of both the Parramatta and Sydney CBDs.
Mr Oliveri said the new WestConnex motorway would help further fuel demand for housing in Western Sydney.
“With WestConnex well underway, the travel time between Sydney’s major employment hubs will be significantly reduced,” Mr Oliveri said.
The growth of Western Sydney’s education sector is also expected to strengthen demand for housing in the area, with more than 10,000 students enrolled into Western Sydney University’s new Parramatta Square campus.
“Set to officially open early next year, Parramatta Square campus will underpin demand for housing in the area – particularly apartment style accommodation that provides options for both individuals and families,” Mr Oliveri said. 
Offers are due November 17.
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Granville development site in Western Sydney growth hub listed

Builder-developer&nbsp;<a href="https://www.apartments.com.au/developers/graya">Graya</a> has secured a prime Newstead site from fellow developer Fraser, subsequently lodging plans for The Silo, a major mixed-use residential project in Newstead designed around a new public laneway linking the James Street precinct with the wider Gasworks and Newstead neighbourhood.

Proposed for the corner of Chester and Morse streets, the <a href="https://www.apartments.com.au/architects/bureauproberts">Bureau^Proberts</a>-designed project places its strongest emphasis at ground level, where retail, landscaping and a new cobblestone pedestrian connection would open the site to the surrounding neighbourhood. The design team describes The Silo as “more than a residential building”, positioning the development as an extension of Newstead’s public realm rather than a standalone apartment tower.

“A new cobblestone laneway and landscaped connection between James Street and Gasworks unlock a missing pedestrian link, improving walkability and stitching together two of Brisbane’s significant urban destinations,” Bureau Proberts said in its Urban Design Report.

<img alt="First look: Graya plans The Silo as new pedestrian link between James Street and Gasworks" data-entity-type="file" data-entity-uuid="0ea1b06a-75f5-40a5-b2c5-33c97bc86052" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/silo%20bldg.png?VersionId=KmjsAtNePu57_B31EM_DJ5T6KPJHtcmo" />

The Silo is planned as a mixed-use development incorporating apartments alongside a bar and centre activities including food and drink outlets, indoor sport and recreation, office and retail uses.

Architecturally, Bureau Proberts has conceived the building as a collection of vertically expressed, stepping forms rather than a single uniform tower. The composition rises from an articulated podium before being broken by a triple-height landscaped recreation level, with the upper section becoming more compact before terminating in a landscaped rooftop garden.

The project's name and architectural language draw directly from Newstead's industrial history. Patterned off-form concrete is proposed as the principal façade material, complemented by slender metal rod balustrades and extensive planting. The cylindrical and vertically ribbed elements give the building its silo-like expression, while curved balconies and planted edges introduce a softer subtropical layer.

“The Silo reinterprets its robust forms, scale and materiality through a contemporary subtropical architectural expression, creating a building that acknowledges its industrial legacy, while responding to the way the precinct is occupied today,” Bureau^Proberts said.

The recreation level is one of the defining breaks in the tower. Plans include a lap pool, mature subtropical planting and shared resident facilities within an elevated communal garden. Landscaping continues through the podium and onto the rooftop, where a further garden forms what the architects describe as a “subtropical crown” to the building.

<img alt="First look: Graya plans The Silo as new pedestrian link between James Street and Gasworks" data-entity-type="file" data-entity-uuid="f8451036-35a4-49a9-8d88-2ef4438eba3d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Silo%20Lane.png?VersionId=h8N31_rYmCEqoNrpt4kbYVQhJGZn60LH" />

At street level, the development has been designed to establish a more permeable block. Retail and hospitality tenancies address the public realm, while landscaped pedestrian spaces lead into the new laneway connection. Renders in the design report show the proposed “Silo Lane” as a substantial opening through the podium, framed by cylindrical concrete forms with cascading planting above.

The Silo continues Graya's move into larger apartment developments after building its reputation across high-end residential projects in Brisbane and the Gold Coast.

Joel Robinson

Graya buys Frasers Newstead site, plans The Silo between James Street and Gasworks precincts

<a href="https://www.apartments.com.au/developers/wickton">Wickton</a>’s completed Linacre Rise development in Hampton is giving Bayside downsizers the opportunity to move into a spacious apartment near the beach, with the developer covering stamp duty for a limited time.

The 27-residence development has been designed for buyers who want to simplify their living arrangements without giving up the space, warmth and quality associated with a long-term family home. Most apartments have already been secured by Bayside locals, leaving a select collection of two and three-bedroom residences and penthouses available.

Two-bedroom apartments are priced from $1.275 million, three-bedroom residences from $2.25 million and penthouses from $3.375 million, with the completed homes available to inspect and move into now.

[smartcode_project:default project_id=95289 project_image_fid=366760]

<a href="https://www.apartments.com.au/buildings/linacre-rise-hampton-8-10-linacre-road-hampton-vic-3188">Linacre Rise</a> occupies an elevated position on one of <a href="https://www.apartments.com.au/developments/hampton-vic-3188">Hampton</a>’s quiet, tree-lined streets, around 250 metres from the bay and 500 metres from Hampton’s village centre. Its setting gives residents access to the beach, local cafés, shops and Hampton Train Station while retaining the feel of an established residential neighbourhood.

Architecture and interiors by <a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a> draw on the warmth and permanence of traditional brickwork, with the building integrated into terraced landscaping by <a href="https://www.apartments.com.au/landscape-architect/john-patrick-landscape-architects">John Patrick</a>. Ground-floor apartments are elevated above the street and include private garden courtyards, while several upper-level residences have generous balconies and outlooks toward the bay.

Inside, the residences favour natural materials and generous proportions. Herringbone-pattern European oak flooring, natural stone benchtops, premium joinery and Swiss V-ZUG appliances are among the key inclusions, while integrated storage has been incorporated across kitchens, bathrooms, studies and living areas.

The kitchens have been planned as practical spaces for both everyday use and entertaining, with substantial island benches, detailed cabinetry and adjoining dining and living zones. Full-height wardrobes, plush bedroom carpeting and carefully considered lighting reinforce the residential character Wickton sought to retain for buyers moving from larger homes.

[smartcode_project:default project_id=95289 project_image_fid=366769]

A Linacre Rise purchaser said the completed apartment had delivered the space, outlook and construction quality they had been seeking.

“The unit is very light, has views to die for over the bay, all construction materials and fittings are premium quality, we have secure parking for three cars, EV charging at very competitive rates, the neighbours are friendly and there is just a lovely ambiance about the place,” the purchaser said.

Environmental features include solar panels, shared electric vehicle charging stations, rainwater harvesting for toilet flushing and landscape irrigation, double-glazed windows and water-efficient fixtures and appliances.

[smartcode_project:default project_id=95289 project_image_fid=366762]

The development was built by Balmain &amp; Co, with Wickton managing the broader development process through its in-house team.

For downsizers, the project’s completed status removes much of the uncertainty associated with buying off the plan. Purchasers can inspect the finished apartments, understand their outlook and proportions, and move in without waiting for construction to conclude.

The remaining selection includes north-oriented balconies, corner configurations and penthouses with elevated bay views. The developer-paid stamp duty initiative is available for a limited time, with potential savings of up to $200,000 depending on the residence purchased.

[smartcode_project_cta:default project_id=95289]

Limited-time stamp duty offer at completed Linacre Rise apartments in Hampton

Luxury apartment buyers have long prioritised design, space and finishes, but increasingly they're placing equal importance on something less tangible: how easily they can live without relying on a car.

At <a>Richmond Square</a>, <a href="https://www.apartments.com.au/developers/fortis">Fortis</a> believes that convenience begins beyond the apartment itself, with the mixed-use precinct earning a near-perfect Walk Score of 99.

The development has been planned around the idea that some of the most valuable amenities aren't contained within a building, they're the restaurants, cafés, parks, transport connections and daily conveniences that can all be reached on foot.

Located just behind Swan Street and Church Street, <a href="https://www.apartments.com.au/new-apartments/richmond-square-1-wiltshire-street-richmond-vic-3121">Richmond Square</a> places residents within one of Melbo​u​rne's most established lifestyle precincts while offering a quieter residential setting removed from the busiest thoroughfares. East Richmond Station is moments away, trams run along both Swan and Church Streets, and the MCG, Melb​​ourne Park, Yarra River trails and the CBD are all within walking distance. At the same time, the precinct itself will introduce a curated mix of dining, retail, hospitality and wellness offerings, creating a destination that extends well beyond its residential buildings.

[smartcode_project:default project_id=13181 project_image_fid=348530]

For Fortis, that combination of location and scale was what made the site unique.

"<a href="https://www.apartments.com.au/developments/richmond-vic-3121">Richmond</a> is one of Melb​o​urne's most established and distinctive inner-city neighbourhoods, with a rare combination of dining, culture, recreation, public transport and proximity to the CBD," the developer said.

"The opportunity at Wiltshire Street was particularly compelling because the site sits slightly removed from the activity of Swan and Church Streets while remaining only moments from everything that makes the area desirable."

Rather than developing a standalone apartment building, Fortis consolidated 15 individual properties to create one of the larger development parcels assembled on Mel​b​ourne's city fringe in recent years. That allowed the team to deliver a genuine mixed-use precinct comprising 107 residences across Wiltshire House and Carmine House, premium office space, hospitality venues, retail, wellness offerings and a future 57-room hotel.

"The scale of the site allowed Fortis to think beyond a standalone apartment building," the developer said.

"Richmond Square could be planned as a complete lifestyle precinct, bringing homes, workplaces, dining, retail, hospitality and wellness together around a series of activated public spaces. The aim was to create a destination that feels connected to Richmond rather than separate from it."

[smartcode_project:default project_id=13181 project_image_fid=348533]

The emphasis on walkability has also resonated with buyers.

Interest has been strongest from established owner-occupiers, particularly downsizers from Richmond and Melb​ourne's inner east who want to remain close to familiar restaurants, workplaces, family and social networks while moving into a more secure, lower-maintenance home. The project is also attracting Mornington Peninsula and interstate buyers seeking a Melb​ourne residence they can lock up and leave between visits.

Many are looking for generous living spaces, room to entertain, quality finishes and confidence in the project team, but location remains one of the biggest deciding factors.

"For many buyers, Richmond Square provides a way to simplify the practical side of home ownership without reducing the quality of their lifestyle," the sales team said.

"Location is also a major driver of interest. Buyers can remain connected to the CBD, major sporting events, the arts centres, local restaurants, cafes and bars and their family while living in a private and secure residence that is easy to lock up and leave for weekends or longer periods away."

[smartcode_project:default project_id=13181 project_image_fid=348549]

The residences themselves have been designed with that buyer in mind. Award-winning architecture practice SJB and interior designers Hecker Guthrie have created spacious two and three-bedroom apartments and penthouses that prioritise generous living areas, natural light, bespoke joinery and private terraces. Above, a rooftop sanctuary by Acre includes landscaped lawns, bookable dining rooms, barbecue facilities, wellness spaces and panoramic views across the CBD, the MCG and Port Phillip Bay.

Fortis believes Richmond Square reflects a broader evolution in apartment living, where the surrounding neighbourhood becomes just as important as the residence itself.

"Richmond Square introduces a different proposition: generously proportioned residences within a genuinely mixed-use, hospitality-led destination," the developer said.

"The project's location and Walk Score of 99 further support a lifestyle where residents can complete many everyday journeys without relying on a car."

Fortis has assembled an experienced team that includes <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, <a href="https://www.apartments.com.au/interior-designers/hecker-guthrie">Hecker Guthrie</a>, <a href="https://www.apartments.com.au/landscape-architect/acre">Acre</a> and builder <a href="https://www.apartments.com.au/builders/hacer-group">Hacer Group</a>, reflecting the developer's commitment to creating projects with enduring design quality and meaningful connections to the communities in which they sit.&nbsp;

Richmond Square is an expression of that philosophy, bringing together homes, workplaces, hospitality and wellness within one of Me​lb​ourne's most walkable neighbourhoods.&nbsp;

Construction is now almost complete, providing purchasers with growing confidence ahead of its expected September 2026 completion.

[smartcode_project_cta:default project_id=13181]

Walk Score of 99 places Richmond Square at the heart of Melbourne's most connected lifestyle

<h3 data-end="19" data-section-id="1dvgwoe" data-start="0">Summary</h3>

<ul data-end="634" data-start="21">
	<li data-end="170" data-section-id="1o77v31" data-start="21">Walker Corporation has lodged plans for a second major residential development in the Maroochydore City Centre, a 29-storey tower known as Celeste.</li>
	<li data-end="327" data-section-id="1lb0y6t" data-start="171">The Plus Studio-designed proposal at Lot 30 Sunshine Coast Parade would deliver 208 apartments, including four four-bedroom sub-penthouses and penthouses.</li>
	<li data-end="487" data-section-id="za720" data-start="328">The application comes as Walker doubles down on Maroochydore following the strong sales campaign at SOL by Walker, where the first tower is nearing sell-out.</li>
	<li data-end="634" data-section-id="5sovec" data-start="488">Walker is a key partner in the transformation of the Maroochydore City Centre, which is expected to ultimately deliver at least 4,000 new homes.</li>
</ul>

Walker Corporation is doubling down on Maroochydore following the successful sales campaign at its first residential project in the emerging CBD.

The national developer has filed plans for <a href="https://www.apartments.com.au/new-apartments/celeste-30-sunshine-coast-parade-maroochydore-qld-4558">Celeste</a>, a new 29-storey apartment tower at Lot 30 Sunshine Coast Parade, just metres from its under-construction SOL by Walker development.

The plans, prepared by Plus Studio, would see 208 apartments delivered across a 100-metre tower on the 2,376 sqm site, which fronts Sunshine Coast Parade, First Avenue and Future Way within the Maroochydore Priority Development Area.

<img alt="Walker" data-entity-type="file" data-entity-uuid="17038209-6fea-4ed2-855d-fd4df65b3d02" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-10%20at%2010.24.16%E2%80%AFAM.png?VersionId=iZD.oVXcQn.aLpUytDAW.CWjxP4puWMy" />

The proposed apartment mix comprises 36 one-bedroom apartments, 48 two-bedroom apartments, 72 two-bedroom apartments with an additional multipurpose space, and 48 three-bedroom apartments.

The upper levels would be capped by two four-bedroom sub-penthouses and two four-bedroom penthouses, taking the total apartment count to 208. The preliminary yield study also provides 262 car spaces, 114 resident bicycle spaces and storage for each apartment.

It represents Walker's next major residential move in the new Maroochydore CBD after the success of SOL by Walker, its $220 million two-tower project nearby.

SOL launched to market in early 2025 and has since seen strong demand, particularly from local owner-occupiers. By February this year, Walker said the first SOL tower was nearing sell-out, with a strong waitlist also emerging for its recently released penthouse collection.

Construction is already underway on SOL, with the first tower expected to be completed in late 2027 and the second to follow in early 2028.

[smartcode_project:default project_id=147777 project_image_fid=319846]

<h2 data-end="2518" data-section-id="1b2dyo5" data-start="2459">Celeste to rise 100 metres over Maroochydore City Centre</h2>

Celeste would take a different form to the twin 19-storey buildings at SOL.

Plus Studio has designed a single 100-metre tower above an activated podium, with the architecture responding to the site's prominent position and three street frontages.

The podium would incorporate commercial tenancies and public art, with sweeping façade elements wrapping the street edges. The scalloped concrete podium has been inspired by the patterns created in sand at low tide, while extensive landscaping would continue vertically through the tower.

The ground level plans show three commercial tenancies addressing Sunshine Coast Parade alongside the residential lobby and landscaped public realm. The podium would then accommodate several levels of car parking before the residential tower rises above.

<img alt="Celeste" data-entity-type="file" data-entity-uuid="121f77b1-71c5-46d7-9b36-0a7d474211ca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-10%20at%2010.24.47%E2%80%AFAM.png?VersionId=MGrg9Hb7HgzLN0Lelq_xrXNAruVl77ia" />

Plus Studio said the tower had been designed to maximise views from each apartment, taking in the Maroochy River, Sunshine Coast hinterland, Cotton Tree and Maroochydore Beach and ocean.

Those views have also shaped one of the project's key features, with Walker proposing to put the primary resident amenity on Level 29 rather than lower within the building.

The rooftop would feature a 284.9 sqm pool area with an infinity edge, along with a cold pool, spa, sauna, 93.2 sqm gym, sunset lounge, BBQ and dining areas, pool deck and private dining space. Cabanas and day beds are also shown across the recreation level.

The two penthouses would extend across the upper levels and each feature private terraces and plunge pools.

<h2 data-end="4202" data-section-id="v5f4ix" data-start="4160">Walker's growing Maroochydore footprint</h2>

Celeste further reinforces Walker's commitment to the transformation of Maroochydore City Centre.

Walker is one of the key partners delivering the new CBD alongside Sunshine Coast Council and SunCentral Maroochydore, with the broader 62-hectare Priority Development Area occupying the former Horton Park Golf Course and surrounding land.

The precinct is ultimately expected to accommodate at least 4,000 new homes as Maroochydore evolves into the Sunshine Coast's principal commercial and residential centre.

When SOL secured approval in February 2025, Walker Managing Director and CEO David Gallant described it as the "first of many residential projects" the company planned for the Maroochydore City Centre.

Celeste now provides the clearest indication yet of what comes next.

The site sits immediately within the new CBD, with the design report identifying Sunshine Plaza and surrounding parkland within walking distance and Maroochydore Beach around a five-minute drive away.

For Walker, the timing of the application comes as its first residential bet on the new CBD appears to have been vindicated.

SOL has progressed from planning approval to construction while its first release has approached sell-out, giving Walker confidence to push ahead with another 208 apartments and take its residential pipeline in the Maroochydore City Centre to around 450 dwellings across the two projects.

Celeste remains subject to planning approval, with the architectural material describing the scheme as a preliminary yield study that may change through the assessment process.

Walker doubles down on Maroochydore with 29-storey Celeste apartment tower

For most Australians, buying an apartment is one of the biggest financial decisions they'll ever make

The location, floorplan and price are often the first considerations, but in recent years another question has become increasingly important: who is actually delivering the project?

A series of high-profile builder collapses, construction delays and defect concerns have fundamentally changed how many Victorians approach buying off the plan. The collapse of Porter Davis in 2023, which reportedly left around 1,700 homes unfinished, became one of the most visible examples of the risks that can emerge when a construction company fails. <a href="https://www.equifax.com.au/sites/default/files/lpassets/pdf/Final-Business-Market-Pulse-June-Sector-Deep-Dive-Report-2.pdf">Similar challenges across the broader construction sector</a> have left buyers asking more questions before signing a contract.

As Victoria continues encouraging higher-density housing to address supply shortages, transparency is becoming just as important as location or price.

One tool increasingly entering the conversation is the <a href="https://icirt.com/">Independent Construction Industry Rating Tool (iCIRT)</a>, an independent assessment framework designed to help buyers better understand the developer or builder behind a project. Originally developed by Equifax in consultation with government and industry as part of NSW's Construct NSW reforms, the system has since expanded nationally.

<h2 data-end="1519" data-section-id="7nmx3" data-start="1492">What is an iCIRT rating?</h2>

Most Australians are familiar with independent ratings in everyday life.

We compare ANCAP safety ratings before buying a car. We look at Health Star Ratings in supermarkets. Banks rely on credit assessments when lending money.

Until recently, however, there has been very little independent information available to help apartment buyers assess the business responsible for delivering a residential project.

That gap is what iCIRT was designed to address.

Builders, developers and other construction professionals with an iCIRT rating have demonstrated high-trust characteristics through an independent, evidence-based assessment across six criteria: Character, Capability, Conduct, Capacity, Capital and Counterparties. This involves a rigorous review of financial health, past project track record, and ethical conduct. Crucially, an iCIRT rating could help provide property buyers with confidence that they are working with a professional who has demonstrated the capability, capacity, and willingness to return and rectify issues.

Importantly, iCIRT is not a recommendation to purchase a particular property, nor is it a traditional credit rating. It is an independent assessment framework designed to provide objective information about a construction business using a <a href="https://icirt.com/sites/default/files/2025-08/iCIRT-Methodology-Issue1-May-2021.pdf">published methodology</a>.

The system has been widely adopted in New South Wales, where more than one-third of medium and large residential builders and developers now hold an iCIRT rating, representing over two-thirds of the state's residential building market by value as of 2025/26.

<h2 data-end="3126" data-section-id="h6ohtj" data-start="3084">Why buyers are doing more due diligence</h2>

For many buyers, particularly those purchasing off the plan, the biggest risk isn't whether they'll like the kitchen finishes.

It's whether the project will be delivered on time, to the expected quality, and by a company capable of completing the development.

<a href="https://icirt.com/sites/default/files/2026-07/iCIRT%202025%20Consumer%20Survey%20Report%20v05.pdf">Consumer research commissioned by iCIRT</a> found more than half of respondents believed current protections do not adequately safeguard buyers from builder insolvencies or defective projects. Other research found 88 per cent of prospective buyers would seek independent ratings or due diligence before purchasing, while 90 per cent said trust in construction professionals is essential.

That doesn't mean buyers should rely on a single rating alone.

Independent legal advice, understanding the contract, and seeking financial advice all remain important parts of the due diligence process.

However, an independent assessment can provide another source of information alongside those traditional checks.

<h2 data-end="4138" data-section-id="pquzxc" data-start="4094">Trust is becoming a competitive advantage</h2>

The conversation isn't only changing for buyers.

Developers are also recognising that trust has become an increasingly important part of the sales process.

Five years ago, purchasers typically asked about floorplans, finishes and settlement dates.

Today, sales teams are increasingly being asked about the developer's experience, financial stability, previous projects and construction partners.

For companies with strong governance and established delivery records, an independent iCIRT rating provides another way to demonstrate those credentials before buyers even visit a display suite.

According to Equifax, the assessment can also help businesses drive sales and <a href="https://icirt.com/resources-for-business/icirt-rating-helps-scion-secure-high-value-projects">secure high-value projects</a>, as well as identify operational improvements and <a href="https://icirt.com/resources-for-business/mirvac-reinforces-brand-trust-and-quality-independent-icirt-rating">attract top talent</a>.

<h2 data-end="4962" data-section-id="1j54ng5" data-start="4912">Beyond buyers: lenders are paying attention too</h2>

The influence of independent construction ratings is also extending beyond consumers.

According to Stamford Capital's Real Estate Debt Capital Markets Survey, an increasing number of lenders now incorporate iCIRT ratings into their due diligence processes when assessing residential development finance applications.

The survey found lender adoption has continued to rise, with many respondents saying independent assessments provide additional insight into governance, counterparties and delivery capability beyond traditional financial analysis. Some lenders also reported declining funding applications where businesses had poor or no ratings.

As construction costs remain elevated and access to development finance becomes more selective, demonstrating credibility is becoming increasingly valuable.

<h2 data-end="5801" data-section-id="1qazuxs" data-start="5772">What it means for Victoria</h2>

Victoria's apartment market is entering a new phase.

The state is seeking to accelerate higher-density housing while simultaneously introducing reforms aimed at improving confidence in residential construction.

For buyers, that means there are more tools available than ever before to research the businesses behind a project.

For developers, it signals that transparency is becoming another point of differentiation in an increasingly competitive market.

Buyers are asking more questions than ever before and increasingly expecting independent information, not just marketing material, before making one of the biggest financial commitments of their lives.

Find out how to get iCIRT rated <a href="https://www.icirt.com/sites/default/files/2025-08/iCIRT-Infographic-Assessment-Process-Final.pdf">here</a>.

<hr data-end="6469" data-start="6466" />
The information contained in this article is general in nature and does not constitute personal, financial, legal or tax advice. It does not take into account your personal objectives, financial situation or needs. Therefore, you should consider whether the information is appropriate to your circumstances before acting on it and, where appropriate, seek independent professional advice.

This article contains links to third-party websites. These links are provided for convenience only. Equifax Australia does not control and is not responsible for the content, accuracy or privacy practices of external sites.

Copyright © 2026 Equifax Australia Information Services and Solutions Pty Ltd. All rights reserved.

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