Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

&nbsp;

&nbsp;

Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

Joel Robinson

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

The Gold Coast Planning Committee has supported the preliminary approval for the Benowa Gardens Urban Village project following an extensive community consultation and assessment process.

The proposal will now proceed to a full council vote on June 2.

The application sought approval for a masterplanned urban village on the existing Benowa Gardens Shopping Centre site, combining new housing, retail, dining, health and lifestyle amenities within a walkable, integrated precinct.&nbsp;

The proposed redevelopment includes around 413 apartments integrated above a revitalised mixed-use centre featuring a full-line supermarket of 4,000 sqm, 6,000 sqm of specialty retail and dining space across around 30 retailers, a 7,000 sqm health and wellness precinct, and roughly 9,630 sqm of office and medical suites.&nbsp;

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="fb36ae47-80bc-45f0-9914-31b0c7b6007d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/PR26576%20Ashmore%20Road%20C4%201121%20FI.jpg?VersionId=6mRKk2uU4r67TmTt39DKGUlvFRbTVqWa" />

The broader masterplan also includes very significant traffic and transport improvements, wide pedestrian walkways, upgraded pedestrian and cycle connections, and enhanced public areas designed to create a more connected and walkable community environment.&nbsp;

Centre owner Patrick Lu said the milestone reflected months of detailed planning, technical assessment and ongoing communication with local residents, businesses, schools and stakeholders.

“We appreciate the time, consideration and care Council officers and the Planning Committee have given this proposal throughout the assessment process,” Lu said.

“We also sincerely thank the local community for engaging with us, sharing feedback and participating in the consultation process over many months.

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="32fd1fc3-d0e6-485f-ac57-9916c9bcb818" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/PR26576%20Ashmore%20Road%20C5%201121%20FI_2.jpg?VersionId=fz8qQKDBLQ7MyFRc856Zccfbh9nFwLOe" />

“We understand projects of this scale bring questions and concerns, which is why we have worked hard to listen carefully, provide information transparently and continue refining elements of the proposal where possible.

“Our vision has always been to create a well-designed, community-focused urban village that responds to the changing needs of the Gold Coast, while delivering improved amenity, housing diversity, healthcare access and local lifestyle benefits.

“This proposal is about creating a genuine live-work-play environment where residents can access everyday services, schools, healthcare, dining, shopping and green space within walking distance, while also supporting local jobs and economic activity.”

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="50dfbd04-590e-4fc6-983b-766880947867" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Dining%20Day%20Time%20-%20High%20Resolution.jpg?VersionId=BP7ZoKJ0DdL_8iRkkC8VVx99moICV6kg" />

Lu said the proposal had evolved significantly through consultation and technical review, particularly around traffic, pedestrian and student safety and neighbourhood connectivity.&nbsp;

Melissa Griffin, Director at Urbis, said the recommendation recognised the strategic importance of delivering more housing and services within established urban areas already supported by infrastructure.

“This proposal represents the type of thoughtful, integrated growth that planning frameworks across South-East Queensland are encouraging,” Ms Griffin said.

“The project seeks to place housing, retail, healthcare and employment opportunities together in a highly accessible location close to schools, transport and existing services.

“Importantly, the process has involved significant technical assessment and community engagement to ensure local issues and feedback were properly considered throughout the planning pathway.”

$1 billion Benowa Gardens Urban Village heads to council vote following Planning Committee support

Surfers Paradise is officially set for its first new residential development with a 45-storey skybridge connecting the two towers.

John Camilleri’s Celestino Developments has been given the green light by the Gold Coast City Council to develop its major beachfront precinct across its huge 4,000 sqm oceanfront site at <a href="https://www.apartments.com.au/new-apartments/63-79-garfield-terrace-surfers-paradise-qld-4217">63–79 Garfield Terrace</a>, just five months after its <a href="https://www.apartments.com.au/news/qld/first-look-exclusive-billionaire-winx-breeder-s-bold-two-tower-surfers-paradise-play-with-45th-storey-skybridge">submission in late 2025</a>.

The approved scheme will deliver two towers rising 55 and 48 storeys, connected by a skybridge positioned on level 45 that will house a range of resident-only wellness and entertainment spaces.

In its notice of approval, the Gold Coast City Council said the&nbsp;proposed overall built form has been designed to complement the scale, intensity and protect the adjacent amenity and surrounding streets through the use of varied setbacks, site cover and architectural elements.

<img alt="First look exclusive: Billionaire Winx breeder’s bold two-tower Surfers Paradise play with 45th-storey skybridge" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-30%20at%209.53.48%E2%80%AFAM.png?VersionId=ADyPJ_TFbJvSU9wZFOiCBnlPtgF7VWqW" />

Designed by <a href="https://www.apartments.com.au/architects/dbi">DBI</a>, the development will comprise 275 apartments across the two towers, including a mix of two-, three-, and four-bedroom residences, as well as several penthouses. The apartments will sit above a landscaped podium featuring more than 90 metres of beachfront pool frontage, private resident lawns, lounges, and wellness spaces.

DBI said the design draws heavily from the movement and form of the coastal environment, with curving balcony lines and sculpted façades intended to soften the scale of the towers while maximising ocean outlooks and passive shading outcomes.

“The project occupies a rare, uninterrupted oceanfront site and has been shaped by a design philosophy that merges architectural elegance with environmental responsiveness and a carefully curated lifestyle experience,” DBI said in planning documents submitted to the Gold Coast City Council.

The most distinctive element of the approved project is the skybridge linking the two towers at level 45. The elevated communal space is planned to include executive lounges, formal dining areas, wellness facilities, and panoramic ocean-facing outlooks.

“The skybridge enhances the identity of the development, promotes social interaction, and delivers a lifestyle experience not found elsewhere on the Gold Coast,” DBI said.

At podium level, residents will have access to a suite of resort-style amenities, including resident lounges, private dining rooms, a yoga lawn, gymnasium, plunge pools, and treatment spaces. The beachfront pool has been designed with separate lap, lounge, and children’s areas extending across the width of the site.

The project will also introduce new food and beverage offerings along the Enderley Avenue and Oceanway frontages, contributing additional activation to the beachfront precinct.

First look: Winx billionaire’s beachfront Surfers Paradise apartment development greenlit

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

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.

Staff Writer

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?

Roberts Co has entered a new phase of growth following its acquisition by Arada, one of the world’s fastest-growing property developers in Australia.

The acquisition is supported by a $50 million capital injection into Roberts Co’s Australian balance sheet, consisting of the previously announced $25 million recapitalisation and an additional $25 million in new funding from Arada.

This investment strengthens Roberts Co’s financial position, stabilises operations, and provides the foundation for strategic expansion beyond its New South Wales base, with a focus on new opportunities in Queensland, including the Brisbane and Gold Coast regions.

With Arada’s international resources and financial backing, Roberts Co will broaden its portfolio across residential, commercial, and infrastructure sectors, reinforcing its strong market position in New South Wales and setting itself to capture growth in one of Australia’s most dynamic construction markets.

Ahmed Alkhoshaibi, Group CEO of Arada, said Roberts Co has a proud Australian heritage, an outstanding delivery record, and a strong reputation for collaboration with clients and partners.

"By combining this expertise with Arada’s global scale and financial capacity, we are creating a platform for sustained growth in the Australian market,"&nbsp;Alkhoshaibi said.

“Our $50 million capital injection, including new funds from Arada, underlines our commitment to both stabilise and expand Roberts Co’s operations, particularly into the fast-growing Queensland market. We see significant potential in South-East Queensland’s pipeline and are confident Roberts Co is well placed to deliver lasting value for clients and communities.”

George Kostas, CEO of Roberts Co, said Queensland, and particularly South-East Queensland, is one of the most active and opportunity-rich regions in Australia right now.

"The lead-up to the Brisbane 2032 Olympic Games will bring unprecedented investment across housing, transport, and infrastructure. Roberts Co is eager to play a major role in that transformation and secure a meaningful share of this fast-growing market.”

Arada pours more funds into Roberts Co, flags expansion into South East Queensland construction market

<html><body>
Eco Trendee Homes, the developer of a recently purchased Bribie Island site, has lodged development plans with Moreton Bay Council.
<img src="/images/stories/2012/09/bribie2.jpg">
Ty Wardner, the Sunshine Coast-based developer, recently<a href="https://www.realtor.com.au/cgi-bin/vgmsg/vgqld/propview.p"> </a>paid about $4 million in a receivership sale for the 42-hectare block of land on Bribie Island, 50 kilometres north of Brisbane.
The subdivision site was bought with preliminary development approval for 544 lots.
The $100 million plans, which date back to 2007, include 10 proposed stages of traditional housing lots, medium-density and retirement developments.
<img style="margin: 5px; float: left;" width="300" src="/images/stories/2012/09/bribie.png">
The existing approval for the development will lapse in 2013.
The Eco Trendee plans were drafted by urban planners and architects The Helibronn Group.
The site, at <a target="_blank" href="https://www.realestate.com.au/property-residential+land-qld-bongaree-200165486">69 Coolgarra Avenue in Bongaree</a>, attracted formal offers from nine groups when offered through a public tender campaign by Ray White Special Project Queensland directors Mark Creevey and Tony Williams.
Williams says there was strong interest from developers before its sale earlier this year.
"There is definite demand for developers looking for good sites to acquire.
"Broadly across south-east Queensland there’s a limited quantum of sites a reasonable distance from Brisbane with a capacity and size like this. There are a handful in hands of larger developers."
"It varies from asset to asset, but by and large with a stereotypical site with advanced planning you’ll get good interest," Williams says.
It was sold under instructions of McGrathNicol, the receivers and managers of Dux Property Group.
Williams says the land is close to the surf beach and golf courses.
“The area is well serviced with amenities, with the Bribie Island Shopping Centre containing Woolworths and 30 specialty shops.
The proposed development includes a 7.65-hectare lake as a central water feature.
The 148-square-kilometre island is the most northern of the three major islands forming the coastline sheltering Moreton Bay and is the only island linked to the mainland by bridge.
In 2009 Dux Property Group took exception to the government’s 2004 valuation of the site at $17.35 million and took the Department of Natural Resources and Water to the Land Court of Queensland.
By  June 2012 the site was valued at $8 million.
</body></html>

awalsh-7Ub9EypybQ

Eco Trendee Homes lodges development plans for Bribie Island block

<html><body>
Australian dwelling starts rose by 4.6% in the June quarter to 34,116 – the first rise in five quarters – boosted by a 19% rise in apartment starts, which reached 13,011, according to new ABS figures.
However, in the more depressed detached new housing sector, starts fell 1.7% to 20,523 to be at their lowest level in more than a decade (June 2001 quarter).
New housing starts are down 10.7% year-on-year, while unit starts are down 4.9% year-on-year.
Over the year to June 139,349 dwellings were commenced down 2.7% on the prior year.
The 11-year low for new housing starts comes a day after the <a href="https://www.propertyobserver.com.au/queensland/the-%2415000-queensland-first-home-owner-construction-grant-what-first-home-buyers-need-to-know/2012091156510" target="_blank">Queensland state government introduced a new $15,000 first home owner construction grant</a> taking effect today.
A similar scheme will take effect in NSW from October 1.
“The announcement of additional assistance to Queensland’s housing construction sector in the 2012?13 State Budget is likely to see a sustained increase in Queensland housing construction,” says Commonwealth Bank economist James McIntyre.
“Our broader housing construction outlook already incorporates a recovery in Queensland activity levels.”
Peter Jones, chief economist at Master Builders Australia (MBA), which successfully lobbied the Queensland government to introduce the new $15,000 construction grant, says the June figures are cold comfort for builders who continue to face very difficult operating conditions.
“Builders are struggling and with little joy in the forward indicators there is an urgent need for policy action at all levels of government.
“Further rate cuts from the Reserve Bank are needed to turn consumer pessimism around and ensure that demand recovers.
“Removing policies that work to restrict supply must be a focus for all governments. Policies that prevent the residential building industry meeting the serious undersupply of housing must be addressed. Poor land release strategies and inefficient developer charges should be the first place to start.
“The housing sector has been underbuilding for the past seven years and it is crucial that Australia’s residential building industry now embarks on a major growth phase to overcome the housing shortfall.
“Urgent reform is required to address supply bottlenecks otherwise a strong industry response to meet underlying demand cannot eventuate. This will exacerbate Australia’s housing affordability crisis, increasing rents and house prices as people chase less stock,” says Jones.
On a state-by-state basis, dwelling commencements increased by 25.9% in New South Wales, 2.8% in Victoria, 8.1% in Queensland and 68.8% in the Northern Territory.
HIA chief economist Dr Harley Dale pointed out that improvements in the June quarter were "narrowly based, primarily occurring in the non-detached dwelling segments of New South Wales and Victoria, which recorded impressive increases of 64.5% and 15.8%, respectively.
“This reflects the market’s response to policy changes in these two states," says Dale.
Seasonally adjusted dwelling commencements fell by 9.3% in South Australia, 6.1% in Western Australia, 5% in Tasmania, and 1% in the ACT.
The HIA says the June quarter figures confirm that Australia’s new home building sector fell back into recession in 2011-12
"To lift dwelling commencements off a GFC-equivalent low from 2012-13 requires policy reform and investment from federal and state governments, augmented by further interest rate deductions," says Dale.
"Too few governments in Australia are implementing the policies required to stem the negative consequences a persistently weak new housing sector is having on tens of thousands of Australian businesses and many more labour market participants.”
</body></html>

lschlesinger-FZcF9M3vE6

Unit starts boost residential construction in June quarter but house starts fall to 11-year low: ABS

<html><body>
 Greenfield suburbs – the fastest-growing parts of our cities – must be built to meet the needs of future generations, not just initial residents, according to  the Grattan Institute.
Launching the Grattan’s new report, Tomorrow’s suburbs: building flexible neighbourhoods,  Jane-Frances Kelly, the cities program director at the institute, suggested within a generation these new developments would have residents with very different profiles and needs.
"If these suburbs are to thrive in the long term we should make them flexible and able to change right from the start."
"Yet greenfield suburbs are overwhelmingly dominated by family-sized detached houses when they are first built.
"If, unlike older areas, these suburbs can't change over time, they will lack the flexibility to meet the changing life circumstances of their residents.
"If a suburb cannot change as households change, then residents' quality of life will be diminished," she says.
Kelly saus that flexible suburbs contain land that can be used for different purposes, shopping centres that suit a range of businesses and shops, and buildings and homes that can be adapted as people’s needs change over time.
"But the communities being established in greenfield areas lack these qualities – even when they work well for current residents," Kelly says.
Instead, land tends to be strictly separated into commercial and residential uses, shopping centres lack diversity and offer limited scope for setting up local businesses, and there is a predominance of similar lot sizes with detached houses built on them, often right to the edges of the lot.
"A uniformity of housing options can make it difficult for residents to move house – into a smaller home, for example – as their needs shift over time," Kelly.
"If housing cannot adapt, a suburb may struggle to attract new residents, and new businesses. It will miss out on the process of renewal that is essential to successful cities."
Grattan’s report recommends ways to make new suburbs, shopping centres, buildings and homes more adaptable. It shows how a capacity to change has proved enormously valuable in existing urban areas, especially the older core of our cities.
"By pure chance, certain characteristics of these older areas made inner urban renewal easier," Kelly says.
"We are not saying we can reproduce these qualities in greenfield areas, but we can plan for flexibility right from the start."
The five suggested measures for new suburb developments that will enhance adaptability are recommended as:
<ul>
<li> a joint sale option that lets owners sell their land together if at least 90 per cent of them agree, starting 25 years after the initial purchase</li>
<li>town centres that can grow and change, surrounded by a variety of buildings that face the street</li>
<li>a 15-year limit on restrictive covenants</li>
<li>broader, mixed-use zones, with regular reviews of zoning across the city</li>
<li> new standards for connectivity based on how long it takes residents to get to a mix of jobs, shops and services.</li>
</ul>
</body></html>

jchancellor-FAypfDUnLy

Adapting to demographic change will be the key to greenfield suburb longevity: Grattan Instititute

<html><body>
Sustainable House Day is celebrating its 11th anniversary on September 9 across Australia.
More than 200 sustainably built homes will be open to the public.
“It provides a unique opportunity for people to meet with home owners who have ‘been there, done that’ and are able to provide unbiased advice, ideas and inspiration via their own personal experience,” says event organiser Pia Vogrin.
One <a href="https://www.smarthomefamily.com.au/sustainable-house-day-at-the-smart-home">open house in Newington</a>, NSW (pictured below), will show a waterless Australian native garden, trial the next generation of Sydney’s Smart Meters and provide recycling ideas like a Coke bottle bench.
<img src="/images/stories/2012/09/smarthome.jpg">
Councils are also having sustainable events like the Green Family Life Festival in Richmond, in Melbourne, to inspire families towards sustainability as well as market stalls and games for kids.
Each year the average Australian household contributes 13 tonnes of greenhouse gas to the atmosphere and uses an average of 73,000 buckets of water a year, the equivalent of 12 baths a day.
<a href="https://auses.org.au/" target="_blank">Australian Solar Energy Society</a> started <a target="_blank" href="https://www.sustainablehouseday.com/">Sustainable House Day</a> in 2001 to show the public they can save on energy bills while helping to save the environment.
“With the ever-increasing cost of living, sustainable solutions such as solar power systems can not only help reduce your emissions, but also wipe out your electricity bills,” says Nick Brass, co-owner of Energy Matters.
One of Sydney's open houses uses LED lighting as the norm in the timber House of the Future (pictured below).
<img src="/images/stories/2012/09/sustain.jpg">
The United Nations has established 2012 as the Year of Sustainable Energy.
The Subiaco Sustainable Demonstration House in western Perth (pictured below) was built to educate people and will be one of the leading open houses on Sustainability House Day. The house is designed for cost efficiency, passive solar principles, energy and water efficiency and adaptability for universal access. It is designed to suit diverse occupants and lifestyles.
<img src="/images/stories/2012/09/subisustain.jpg">
“Sustainable House day is all about action rather than words,” says Vogrin. “You can view an open house or search ideas online.”
Sustainable House Day has a <a href="https://www.sustainablehouseday.com/competitions.php" target="_blank">competition</a> to win one in three $1,000 Australian Ethical Managed Funds.
</body></html>

kbelsten-6fkmQHtUnt

Green homes to open to the public across Australia for Sustainable House Day's 11th anniversary

<html><body>
A striking new glass rooftop with an outdoor terrace and an enlarged inner atrium to bring in more light are the main elements Macquarie Group will add to 48-50 Martin Place, in Sydney CBD.
Macquarie plans to turn the historic banking chamber into its state-of-the-art headquarters.
<img src="/images/stories/2012/09/macquarie3.jpg">
The diversified financial services giant has lodged an $82.8 million development application with the City of Sydney, with the rooftop plans part of a revised design of an already approved development proposal launched by previous owner the Commonwealth Bank.
The enlarged atrium would be topped by a “high-performance glazed elongated dome roof structure” to be used as a bespoke reception, meeting and event and function space with direct access to the terrace.
<img src="/images/stories/2012/09/macquarie1.jpg">
The rooftop has hosted a number of different structures over the 84 years it has stood in the Sydney CBD, with historical photos included in the application showing a range of large habitable structures dating back to when the original building was first opened in 1928. The photos include the current cream-coloured structure  (pictured above) added by the Commonwealth Bank in the 1980s.
The new headquarters will have about 26,000 square metres of space, with the ground floor banking chamber leased to the Commonwealth Bank and 10 office floors to house 2,000 Macquarie staff.
<img src="/images/stories/2012/09/macquarie2.jpg">
The proposal is seeking a six-star green star environmental rating for the building.
It will also seek to reduce its carbon footprint, with the number of car spaces halved to just 15 but the number of bike racks increased to 93.
JBA Urban Planning Consultants, which prepared the modified application on behalf of Macquarie Group, has likened the atrium to the glass dome atop the Reichstag in Berlin, designed by renowned UK architect Sir Norman Foster.
<img src="/images/stories/2012/09/macquarie4.jpg">
“This glazed structure will significantly increase the daylight (and in some instances sunlight) penetration into the enlarged atrium and the office floors below," says JBA.
“By curving and glazing the rooftop addition, dramatic light-filled meeting spaces and a modern and sustainable workplace are created."
Under the design proposal, the main atrium will be widened from 6 meters to 10.5 meters with the report noting “low daylight levels and the limited outlook” are major shortcomings of the office floors as it currently stands.
“The key to overcoming these difficulties is to increase daylight from above by opening up the ‘throat’ of the atrium at the rooftop levels and widening the main atrium.
“The enlargement of the void also dramatically exposes the original structural grid and atrium layout, which can be readily interpreted  notwithstanding the modifications made to widen the space,” says the JBA report.
The design by architects Johnson Pilton Walker and Clive Wilkinson Architects does not propose any changes to the exterior of the heritage-listed building - apart from the roof.
It was constructed between 1925 and 1928 for the Commonwealth Bank and is regarded as one of the finest 20th Century bank buildings in Australia and one of the most important examples of the inter-war Beaux-Arts architectural style.
Macquarie acquired the building from the Commonwealth Bank earlier this year for $130 million.
Between 1984 and 1990, the Commonwealth Bank undertook an extensive program of conservation works to the interior and exterior of the building. 
Macquarie currently has its much larger headquarters at 1 Martin Place.
The application is currently on exhibition until September 18.
</body></html>

Macquarie Group to let the light shine into Martin Place headquarters with $83 million makeover

<html><body>
There could be a severe shortage of housing stock in Perth over the next 20 years as the population grows faster than the city's supply of residential land, according to a report by Knight Frank.
A further 280,000 dwellings will be required over the next 20 years, but developers’ stock of lots with conditional approval is just 43,000, according to the Knight Frank englobo land report.
Australian Bureau of Statistics suggest an average annual population growth of 1.85% in the greater Perth region over the next 20 years, pushing the population up 727,000 to 2.49 million people by 2031.
<img src="/images/stories/2012/09/kfsept6.gif">
Source: Knight Frank
Knight Frank director John Corbett says there is an increasing gap between englobo land parcels (undeveloped land zoned for closer settlement growth with potential for subdivision) reaching the market and the demand for housing, with the median price for residential land up more than 10% over the last 12 months.
“The availability and development of englobo land has slowed in recent years and will lead to increased prices and significantly increased rents in established residential properties,” Corbett says.
“The many factors that have restricted residential land releases don’t appear to be abating. A tightening of credit and a softening in sentiment because of economic uncertainty in Europe are holding back the market, however, pressure is building for prices to increase”.
He says the current demand for housing lots is putting increasing pressure on government and developers with northern and southern suburbs such as Yanchep, Baldivis and Byford continually expanding to meet demand.
Baldivis, Yanchep and Byford are the top three suburbs for conditional approved lots, with 7,834 proposed lots between them.
The report says the supply of new land for residential development in WA is constrained by variations between councils on developer contributions; a constrained sand supply; environmental considerations and approvals; rising price and time costs associated with infrastructure; and access to reliable water supplies.
There is up to five years worth of potential future land supply with the current stock of lots, the report finds.
</body></html>

Perth could face severe land shortage in next 20 years: Knight Frank

<html><body>
Victorian construction company New Dimension Homes has entered administration, with Glenn Crisp of Jirsch Sutherland appointed as administrator.
New Dimension Homes had a turnover last year of around $7 million and previously traded as Icon Designer Homes.
Its website describes New Dimension Homes as "one of Victoria's top builders", offering single and double-storey homes and house and land packages.
Crisp told SmartCompany the business went into administration earlier this week, by which stage all of its 15 or so employees had left.
"It ceased trading about a month ago so we are dealing with a shell of a company," says Crisp.
"The company does not have any cash and does not hold a builder's licence to build any homes. "We had a meeting with the Housing Industry Association to work out how to get the homes finished for the home owners who are affected at the home owners' insurers would not deal with us."
Crisp says around 50 home owners have been impacted across Melbourne.
He believes the home owners have warranty insurance and the voluntary administration process triggers their right to claim under that insurance, but Crisp warns there will "certainly be delays" in finding new builders to complete the homes.
Creditors of New Dimension Homes are owed "quite a few million dollars" according to Crisp, with Westpac Bank as the major creditor and a number of suppliers such as Bunnings as large creditors.
The first creditors' meeting will be held on Friday, September 7, where creditors will have the opportunity to retain or replace the existing administrators.
The administration is the latest in a string of collapses in the Australian construction industry, with the <a target="_blank" href="https://www.propertyobserver.com.au/industry-news/unpaid-sub-contractors-trigger-nsw-government-reform-inquiry-into-construction-industry-collapses/2012080955934">NSW government announcing an enquiry</a> earlier this month to try to address the problems in the troubled sector.
This article originally appeared on <a target="_blank" href="https://www.smartcompany.com.au/index.php">SmartCompany</a>.
</body></html>

cwaters-YrtBR88nBe

Victorian builder New Dimension Homes in administration

<html><body>
Property development can encompass many activities including renovating an existing dwelling or building, demolition of buildings and/or building new and subdividing or changing the use of land.
Developing property can be risky and not for everyone. There are many things that can go wrong, so it is important to really do your due diligence and understand the many facets involved.
I’ve compiled what I think are the top three things to do first when embarking on a property development. <a target="_blank" href="https://www.propertyobserver.com.au/land/the-first-step-when-getting-involved-in-property-development-choose-the-right-location-jo-chivers/2012081656083">Step one is finding the right location.</a> Step two is finding the right site. Step three is assembling your property development team.
Who will I need in my property development team? 
Your property team should consist of: 
<ul>
<li>
Property accountant – It’s very important to have the correct structures in place before you buy. My accountant is a key member of my team and well worth her weight in gold (that’s how much she charges me! Of course, accounting fees are tax deductible). </li>
</ul>
<ul>
<li>
Property lawyer – Every property transaction is different, and even the simplest contract should be looked over by someone with experience. My lawyer is like a father to me, and I thoroughly trust his judgment and advice. </li>
</ul>
<ul>
<li>
Finance broker – It is vital to use a broker with a strong understanding of construction finance. Establish a close relationship with your broker so she understands your individual situation and be able to fast-track the sometimes tedious process of obtaining development finance. </li>
</ul>
<ul>
<li>
Architect/draftsman – A local architect will have an understanding of the council requirements but always have your builder check over the plans before you lodge your DA to get a construction perspective. Some small changes by the builder can make a big difference in building costs. </li>
</ul>
<ul>
<li>
Builder – A close working relationship with your builder is important. They need to be flexible and accuracy in their pricing with enough clout be offer economies of scale with their buying power of materials. Some builders may have existing designs for villas or duplexes that will save you money not having to engage an architect. You can usually make minor changes to these plans. </li>
</ul>
<ul>
<li>
Surveyor – He or she will have a strong knowledge of the local area and has often conducted surveys or subdivisions on land in the area. </li>
</ul>
<ul>
<li>
Quantity surveyor – important to maximise tax rebates on completion of your development. </li>
</ul>
<ul>
<li>
Project manager/development manager – If it’s your first development, an experienced project manager will hold your hand through the process and you’ll learn what’s involved so you can then manage your next development. A good project manager will also bring discounted rates and other advantages to the project. </li>
</ul>
This is a nutshell of information on what to consider as you get started. Sometime is will seem a lot easier just to buy existing property but if you really want fast-track your portfolio and create some equity along the way, then property development may be for you.
 Jo Chivers is director of <a href="https://www.propertybloom.com.au/">Property Bloom</a>, which manages property development.
</body></html>

jochivers-wq5Bp59R5a

The third step when getting involved in property development: Assemble your property team

<html><body>
Property developer and fund manager Peet has reported a 76% fall in net profits for the 2012 financial year in what it described as challenging market conditions, with Victoria the toughest market where it has projects under development.
Net profits for the year to June were $20.3 million, just ahead of earlier market guidance of $15 million to $20.2 million.
Earnings in Peet’s residential development operations declined 50% compared with the 2011 financial year to $20.2 million as lot settlements for the year declined to 395 from 598.
A further $40 million worth of contract are due to settle by December 2012.
Contracts on hand fell from 1,125 in 2011 to 788 in 2012 – worth $788 million – with Peet attributing this to “market weakness, substantially reduced capital investment in certain Victorian projects and difficulty of buyers obtaining finance”.
In particular it reported a slow-down in sales at its $293 million Aston residential development in Craigieburn, where more than 1,500 lots ares still available on Melbourne’s fringe. Its $131 million Ardan development in Greenvale featuring 558 lots has been deferred.
The developer expects market conditions to remain challenging in the 2013 financial year.
However, it says positive signs are emerging in WA and Queensland is also poised for recovery, with housing finance growth and building approvals improving.
Peet’s biggest residential project is Flagstone City, 45 minutes south-west of Brisbane in Jimboomba, which has a gross development value of $1.87 billion and is due to begin in 2013. It features 1,500 lots and is proceeding as scheduled.
In total Peet has a lot pipeline of 34,600 worth $6.2 billion.
</body></html>

Peet profits fall 75% in 'challenging year' as residential lot sales decline

<html><body>
Its style has been described as Clockwork Orange-meets-Vogue Living – The QT Sydney hotel opens mid-September with $400-plus nightly weekend room rates.
Billed as Sydney's first true designer hotel, the 200 guest rooms come in 12 different styles set across the upper 12 levels of the Palazzo-style Gowings building and State Theatre in Sydney. Art curator Amanda Love has carriage of its art installations.
Hoping to bring a little pizazz to George Street, reviving its theatrical and retail past, it will come with two restaurants, Gowings Bar &amp; Grill and Parlour Lane Roasters cafe; spaQ with six treatment rooms; a men's barber shop; plus a Hammam-inspired steam room.
Amalgamated Holdings bought the Gowings building in April 2006 for $69 million and has spent close to that on demolition and redevelopment of the retail area.
It adjoins the historic State Theatre, which has also had a facelift.
The ground floor has been leased to the British Topshop fashion chain for its flagship Sydney store.
Amalgamated and QT Sydney managing director David Seargeant says great effort has been undertaken to retain the features of the Gowings building, including the mosaic and timber floors.
QT is Australia’s newest hotel brand.
</body></html>

Latest Building Insights

Arada pours more funds into Roberts Co, flags expansion into South East Queensland construction market

Editor's Picks

Developments

New apartments

New townhouses

News

Latest Building Insights

Arada pours more funds into Roberts Co, flags expansion into South East Queensland construction market

Editor's Picks

Receive the latest news stories to your inbox

Developments

New apartments

New townhouses

News