An entity directed by HSN's Rafi Assouline and Rebel Property's Allen Linz has filed plans for an impressive new precinct in Woolloomooloo.

The major mixed-use development would transform a prominent William Street site into a new residential village anchored by affordable housing and a large public park.

The proposal, submitted as a State Significant Development Application, covers 164-172 and 174-194 William Street, a 6,398 sqm site between Forbes Street and Dowling Street on the southern edge of Woolloomooloo.

Designed by fjcstudio in collaboration with Bangawarra, Studio Bright and Tribe Studio Architects, the scheme would deliver 227 apartments across four residential buildings ranging in height up to 18 storeys, alongside retail space, public domain improvements and a new publicly accessible park.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="0eb59b7c-914a-4a5c-b849-3a56749f5e93" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.18.51%E2%80%AFAM.png?VersionId=mxM6EEqeoLjrCiTlCzTKTvzpKuh6kSkH" />

It's another design scheme for Rebel, who took <a href="https://www.apartments.com.au/news/nsw/first-look-rebel-property-group-takes-woolloomooloo-precinct-to-nsw-government">concept plans to the NSW Gov late last year</a>.

The latest plans will be a mix of 167 build-to-sell apartments and 60 affordable apartments, with the affordable housing component representing 15 per cent of the project's gross floor area. The apartment mix includes 12 one-bedroom, 53 two-bedroom, 89 three-bedroom apartments and 13 penthouses, while the affordable housing component would comprise 42 one-bedroom and 18 two-bedroom apartments.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="3b3d4553-8a8c-4af5-aa8c-519ffb1e28c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.20.12%E2%80%AFAM.png?VersionId=_Yb6ibN7eDnOtQjCNDK2eviORa4qzgv." />

Rebel Property is seeking to take advantage of the NSW Government's infill affordable housing bonus provisions under the Housing SEPP, which provide additional floor space and height in exchange for the delivery of affordable housing for a minimum of 15 years. The planning pathway allows a 30 per cent increase in floor space ratio and building height where 15 per cent of the development is dedicated to affordable housing.

&nbsp;

At the centre of the development is a 1,356 sqm sunlit public park designed to become a new community gathering space at the gateway to Woolloomooloo. The park would be complemented by a network of pedestrian laneways connecting William Street with the surrounding streets, improving permeability through what is currently a largely impermeable block.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="257af931-a393-4007-8c6d-7219796df58d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.20.51%E2%80%AFAM.png?VersionId=KAHy94GrhaReFsWTGDKfy39EDJ8gEEv4" />

The design team says the public domain has been heavily influenced by the site's topography and Aboriginal cultural heritage, drawing on the escarpments, gullies and landscape characteristics that historically defined the area before urbanisation. The landscape design has been developed in partnership with First Nations consultancy Bangawarra.

The project would be delivered across four separate buildings. The William Street East and William Street West buildings, designed by fjcstudio, would contain the majority of the apartments. Melbourne-based Studio Bright has designed the Forbes Street building, while Tribe Studio Architects is responsible for the Dowling Street building.

Rebel had secured approval for the concept plans late last year.

Joel Robinson

First look: HSN, Rebel, advances Woolloomooloo precinct plans

A locally heritage-listed furniture showroom on Water Street is set to become the centrepiece of a new mixed-use residential development as local developer&nbsp;<a href="https://www.apartments.com.au/developers/keylin-group">Keylin</a> seeks approval for <a href="https://www.apartments.com.au/new-apartments/lotus-on-water-street-290-water-street-fortitude-valley-qld-4006">Lotus on Water Street</a>, a 15-storey project on the Fortitude Valley side of Spring Hill.

The proposal spans 290 Water Street and 137-141 Warry Street, combining several properties into a 2,869 sqm site that sits between Fortitude Valley, Spring Hill and the rapidly evolving Victoria Park precinct. Keylin's plans would deliver 132 apartments alongside new retail, hospitality and commercial space, while retaining and repurposing the historic Brunswick Home Furnishers Showroom that fronts Water Street.

Designed by <a href="https://www.apartments.com.au/architects/jackson-teece">Jackson Teece</a>, Lotus on Water Street comprises a 12-storey residential tower rising above a three-storey podium and communal rooftop terrace. The development includes 76 apartments classified as multiple dwellings and a further 56 units proposed as short-term accommodation, designed to be flexibly used as either accommodation or permanent residences. The apartment mix comprises six one-bedroom, 54 two-bedroom and 16 three-bedroom homes.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="9822bb79-6c49-49c9-95ba-319e8c8d81c3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20front.png?VersionId=ioW8zbN4UVebbLetTFuv92t.HkdgfR5e" />

Residents would have access to an extensive rooftop recreation level spanning more than 1,200 sqm of communal open space. Plans include a pool, gym, sauna, infrared sauna, yoga area, library, private dining room, barbecue facilities and landscaped entertainment spaces, making the rooftop the project's largest shared amenity offering.

At street level, the proposal focuses on the adaptive reuse of the heritage buildings along Water Street, where 518 sqm of retail and commercial space is planned across shop, office and food and drink outlet uses. A permeable residential lobby would be positioned between the retained heritage buildings, creating a pedestrian connection between the historic streetscape and the new tower behind.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="269cf3e0-7d13-48bf-a318-05a00deb5c10" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20podium.png?VersionId=DLXmTCLsp6GOcLpQ0h.0z7wKCw59EhN_" />

The heritage retention strategy is central to the scheme. The development application notes that the Brunswick Home Furnishers Showroom and adjoining heritage buildings will remain, with only non-significant structures on the site earmarked for removal under a previously issued Heritage Exemption Certificate. Levels one and two of the new podium are recessed behind the heritage façades to maintain their prominence within the streetscape.

Jackson Teece has drawn inspiration from the site's manufacturing history when designing the podium. The planning documents state that the façade incorporates perforated metal screening that references the woven and rattan furniture historically produced on the site. Cascading and climbing plants are integrated throughout the podium to soften the building's presentation and screen parking levels behind. The landscape strategy also informs the project's name, Lotus on Water Street, drawing on the historic Spring Hollow waterholes that once ran through Spring Hill and the blue water lilies associated with Meeanjin, Brisbane's traditional name.

The proposal also incorporates the neighbouring property at 141 Warry Street, currently occupied by a healthcare service. The existing building would remain, with nine dedicated parking spaces allocated within the new development to support its ongoing operation. In total, Lotus on Water Street proposes 117 car spaces, including 110 resident spaces and seven visitor bays, alongside 100 bicycle spaces.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="70cf07bc-4fd8-4e70-92dd-be8b21c4e4f0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20site.png?VersionId=txlxrJImM0Sm_vTzHVKh5DDUkyL_CiiA" />

The site sits within the Spring Hill East Precinct of the Spring Hill Neighbourhood Plan and is positioned around 650 metres from both Fortitude Valley Station and Exhibition Station. It is also within walking distance of the King Street precinct, Royal Brisbane and Women's Hospital, Herston Quarter and Victoria Park, which is earmarked to become a major venue precinct ahead of the Brisbane 2032 Olympic and Paralympic Games.

Planning documents describe the location as a key gateway between Spring Hill and Fortitude Valley and highlight the area's increasing importance as new transport infrastructure and Olympic-related investment reshape Brisbane's inner north. The development team argues the project will contribute additional housing supply while activating a section of Water Street that has historically received less investment than other parts of the Valley.

Keylin has become increasingly active across Brisbane and southeast Queensland, assembling sites in strategic inner-city locations. They are currently selling and delivering <a href="https://www.apartments.com.au/new-apartments/oria-spring-hill-447-gregory-terrace-spring-hill-qld-4000">Oria Spring Hill</a>, just over 140 apartments due for completion in 2027.

Keylin plans heritage-led Lotus on Water Street apartment development in Fortitude Valley

Roseville is poised for a wave of new apartment development following the NSW Government's rezoning of land around Roseville Station under its Transport Oriented Development program.

The new planning controls have unlocked significant development potential within walking distance of the station, with a number of sites expected to be amalgamated and redeveloped in the coming years as developers seek to take advantage of the increased density allowances.

One of the more restrained developments in the precinct, and set among the first to be delivered having commenced well before the recent changes, is Hyecorp's Juliet. The boutique apartment project is already well under construction and remains on track to welcome residents by the end of the year, offering a markedly different proposition to many of the larger-scale developments now likely to emerge across the suburb.

[smartcode_project:default project_id=7395 project_image_fid=278194]

<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet</a> will comprise just&nbsp;34 one-, two-, and three-bedroom apartments opposite Roseville Station. For Hyecorp, which has delivered projects across Sydney's Lower North Shore for more than three decades, Roseville presented a rare opportunity to address a growing gap in the market.

"<a href="https://www.apartments.com.au/developments/roseville-nsw-2069">Roseville</a> has long been one of the North Shore's most tightly held and desirable suburbs, offering a unique combination of village charm, established greenery, excellent transport connections, and proximity to some of Sydney's best schools and lifestyle amenities," Hyecorp said.

"We recognised a growing demand from local homeowners seeking to downsize without leaving the community they have built their lives around. The location presented a rare opportunity to create homes that cater specifically to that buyer profile."

[smartcode_project:default project_id=7395 project_image_fid=278196]

The six-level development has been designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> as a collection of residences that feel more like homes than apartments. The brief centred generous floorplans, abundant natural light, quality finishes, and strong connections to outdoor space.

PBD Architects drew inspiration from Roseville's established garden suburb character, creating a building that sits comfortably within its surroundings rather than dominating them. The architecture incorporates natural materials, soft forms, layered landscaping, expansive balconies, and generous setbacks to strengthen the connection between residents and the suburb's leafy environment.

"The focus was on designing spacious, house-like residences for discerning owner-occupiers and downsizers who wanted to remain on the North Shore without compromising on comfort, privacy, or design," PBD said.&nbsp;

"Every apartment was to feel considered, timeless, and highly functional."

[smartcode_project:default project_id=7395 project_image_fid=278195]

Inside, residences feature engineered timber flooring, stone kitchen benchtops and splashbacks, integrated Fisher &amp; Paykel appliances, ducted air conditioning, and large outdoor entertaining areas designed to take advantage of district and treetop views.

Residents will also have access to a rooftop barbecue and lounge area, alongside practical amenities including parcel lockers, EV charging capability, bicycle storage, a dog wash bay, and a basement car wash facility.

The majority of purchasers so far have been local owner-occupiers from Roseville, Lindfield, Chatswood, Killara, and the broader Upper North Shore, many of whom are transitioning from larger family homes.

"Buyers are looking for spacious, house-like apartments that allow them to downsize without feeling like they are sacrificing comfort or functionality," Hyecorp noted.

"They value large kitchens, generous living areas, ample storage, quality finishes, secure parking, lift access, and low-maintenance living."

[smartcode_project:default project_id=7395 project_image_fid=278204]

Juliet sits directly opposite Roseville Train Station and within walking distance of Roseville Village, while Chatswood's retail and dining precinct is only minutes away. The development is also surrounded by some of Sydney's most established schools, including Roseville College, Ravenswood, Pymble Ladies' College, and Knox Grammar, as well as nearby parklands and golf courses.

Juliet is currently more than 75 per cent sold ahead of its anticipated completion in late 2026.

[smartcode_project_cta:default project_id=7395]

Juliet to sit quietly amid Roseville apartment boom

Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

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?

<html><body>
Despite the resurgence in the Sydney and Melbourne property markets, valuation firm Herron Todd White believe apartments are still at the bottom of the market.
They suggest the housing market in Sydney and Melbourne, as well as Brisbane, is <a href="/expert-insights/buying/sydney-brisbane-and-melbourne-begin-housing-market-recovery-htw-property-clock">already starting its recovery</a>. 
To enlarge the HTW Unit Property Clock, <a href="https://www.propertyobserver.com.au/images/2019/10/10/HTW%20National%20Unit%20Clock.jpg" target="_blank">click here</a>.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/10/HTW%20National%20Unit%20Clock.jpg" alt="">
Sydney's unit market bottomed out last month, according to Herron Todd White.
Melbourne have been at the bottom of the market since July when Sydney was approaching the bottom.
Wider Sydney and Melbourne have started their recovery before the capital markets.
Unit markets in Geelong and Shepparton outside of Melbourne are starting to recover, as are markets in Newcastle, north of Sydney.
The Gold Coast is finally starting to bottom out, with its decline starting way back in June 2018.
 
 
 
</body></html>

wdavis-8cCN98p7xp

Sydney and Melbourne unit markets still at the bottom, with Gold Coast approaching: HTW Property Clock

<html><body>
Sydney’s price recovery has yet to reach all suburbs, according to realestate.com.au chief economist Nerida Conisbee.
“We are starting to see the ripple effect, but recoveries take time.”
Ms Consisbee said that the recovery was yet to show up in cheaper suburbs.
“Sydney premium is doing very well,” she said. “It’s mostly a premium market story.
“It’s not spreading to apartments,” she added. “If you go to Parramatta, just try to find an apartment that’s gone up (to boomtime prices).
“The recovery is under way but it takes time to flow through.”
It was mortgagees at Parramatta who sold sold Sydney’s cheapest weekend auction offering , when $470,000 was paid for a two-bedroom apartment.
The unit, that had 88sq m internal space plus a lock-up garage, sold to an investor.
“Six months ago there were hardly any investors in the market,” the apartment’s Laing &amp; Simmons selling agent Jas Singh said.
“The market was in the doldrums but lately investors have started to return therefore signs of improvement are becoming visible.”
There were 11 registered bidders for the 1980-built Parramatta apartment.
Mr Singh noted there had been $500,000 plus sales of similar apartments in the complex in the years prior to the downturn.
“Prices are beginning to come back, as I think six months ago it would have sold for $420,000,” he said.
In his SwitzerDaily commentary, John McGrath endorsed CoreLogic data that put Sydney middle market prices as being up 3.2 per cent and the lower market at 2.1 per cent in the September quarter.
“People are constantly asking me, ‘Where are we in the cycle?’,” he said.
“I can see why many people have been looking at the market a bit quizzically over the past few years.
“We’ve had five years of growth (25 per cent to 75 per cent), 18 months of correction (down 5 per cent to 20 per cent) and a small rebound to the positive.
“It’s not material yet in price but auction rates have shifted up after APRA finally loosened the strings and official interest rate cuts began having an impact.”
Mr McGrath added some “might have had a slightly different experience depending on the micro-market you live”.
There were 581 auctions across Sydney on Saturday, with 467 results captured and 395 sold.
Sydney returned a preliminary clearance rate of 84 per cent across similar volumes week-on-week.
Eleven of Sydney’s 15 sub-regions had a clearance rate of 80 per cent or higher, confirming an emerging market confidence across the city.
“It is the second week that Blacktown has returned a preliminary clearance over 90 per cent,” CoreLogic auction analyst Kevin Brogan noted.
North Sydney and Hornsby returned the next highest clearance at 88 per cent.
Brogan said there was only going to be a small rise next Saturday at 620 listings.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Sydney’s price recovery has yet to reach all suburbs: REA's Nerida Conisbee

<html><body>
<div title="Page 1">
<div>
<div>
<div>
Melbourne had the nation's top auction sale when $6.3 million was paid in South Yarra.
The home at <a href="https://www.marshallwhite.com.au/property/104-caroline-street-south-yarra-835386/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">104 Caroline Street</a> (pictured top) saw bidding commence with the Marshall White auctioneer Justin Long placing a $5 million vendor bid.
At $5.45 million it was declared on the market.
The fourth bidder only come in at $5.9 million, and fended off the opening bidder in the final straight. 
The initial price guidance had been $5 million to $5.5 million for the 1920s Georgian-style home that was marketed as "retaining its original charm."
There was higher bidding at a Kew offering, with city skyline views, which was passed in at $6.6 million on a vendor bid.
The <a href="https://www.marshallwhite.com.au/property/7-wrixon-street-kew-832451/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">7 Wrixon Street</a> offering (below) is now for sale at $6,895,000 through Marshall White who had offered an initial $6.8 million to $7.2 million auction price guide.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/21/7%20Wrixon%20Street%20Kew.jpg" alt="">
It was a five bedroom contemporary home of a deep 1565 sqm block with tennis court and pool.
Melbourne also had the cheapest sale around the capital cities too.
It was when the ground floor one bedroom apartment at <a href="https://www.nelsonalexander.com.au/property/834591/2-4-prince-street/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">2/4 Prince Street, Essendon North</a> (below) sold for $215,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/21/24%20Prince%20Street%20Essendon%20North.jpg" alt="">
The Nelson Alexander price guidance had been $225,000 to $240,000. 
It sold at $72,500 in 1997.
There were 912 Melbourne homes taken to auction this week, according to CoreLogic, with a 75 per cent success rate, similar to the prior weekend's final auction clearance last week when volumes were slightly higher at 974 offerings.
</div>
<div>
One year ago, 45 per cent of the 1,087 Melbourne homes taken to auction found buyers under the hammer.
Melbourne’s auction market was starting to moderate, the AMP chief economist Shane Oliver told Domain.
“Melbourne’s results look to have peaked in mid-September,” Dr Oliver said.
“More sales volumes could have weighed on them.”
Sydney returned a preliminary auction clearance rate of 84 per cent across a similar volume of auctions week-on-week.
There were 724 Sydney homes taken to auction.
The top sale was a pre-auction result in <a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/northern-suburbs/hunters-hill/420391" target="_blank">Hunters Hil</a><a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/northern-suburbs/hunters-hill/420391" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">l at $4,408,000</a> through McGrath to an inner west family.
The Toocooya Road home, TreMon (below) last sold at $2.2 million in 2005, but had been listed twice last year without success.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/21/TreMon%20Hunters%20Hill.jpg" alt="">
There was no bid when a lavish whole-floor apartment in the Harry Siedler-designed Horizon building went to private auction.
There was only a vendor bid of $16 million for the five-bedroom 40th-floor residence which was listed with a revised price guide of $16.5 million, after being listed at $20 million earlier this year.
It comes with $565 sqm of internal space, but 710 sqm with balconies and garaging.
It is credited as the largest single level apartment in its Knight Frank marketing.
Sydney's prior week’s figures saw 76.9 per cent clear as at final figures.
Last year, a lower 675 Sydney homes were auctioned returning a 44 per cent success rate.
Canberra was the best performing of the smaller auction markets, with a preliminary auction clearance rate this week of 64 per cent, Adelaide followed closely with 63 per cent of homes selling at auction.
<img src="https://www.urban.com.au/images/2019/10/21/OCT%2021%20Auction%20Stats.JPG" alt="">
The South Australia auctioneer John Morris noted the 30 Ray White auctions clearance rate was sitting at 78 per cent.
"Stock is still quite low and this is resulting in large turnouts and lots of registered and active bidders at auction," Morris said.
The agency sold <a href="https://www.raywhite.com/sa/fulham-gardens/2172992/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">14 Leisure Court, Fulham</a> for $1,035,000.
“The highest offer we had previously was below the figure it sold for under the hammer,” selling agent Leon Yuan said.
</div>
</div>
</div>
</div>
CoreLogic tallied just under 2,000 capital city homes taken to auction, steady week-on-week although the 75.6 per cent clearance rate came in lower than the previous week’s preliminary figure of 77.3 per cent, which revised down to 73.5 per cent at final figures. 
"It’s expected that this week’s final figure will come in below that given the lower preliminary figure," Corelogic auction analyst Kevin Brogan said.
Last year, 2,139 homes were taken to auction over the same week, however only 46 per cent of these sold.
</body></html>

Melbourne’s auction results peaked in mid-September: Shane Oliver

<html><body>
The Illawarra offers a variety of residential property types that can generate cash flow for an investor owner, according to the latest Herron Todd White (HTW) residential report. 
The valuation firm took a look at yields across the nation to dissect where to find the best returns in residential markets.
The HTW report notes the region has broad pockets of single houses, older and modern unit developments and villa and townhouse developments.
Sprinkled throughout are specific investment properties such as duplexes, flat buildings, display homes and boarding houses.
In Nowra there is a large supply of defence housing properties.
"We experienced strong capital growth from 2013 through to 2017 and in that time rents also increased, but not anywhere near the same pace. As a result, residential yields compressed," the valuation firm said. 
An example is a sale of an eight unit building at <a href="https://www.realestate.com.au/sold/property-unitblock-nsw-wollongong-129017178" target="_blank">17 Smith Street, Wollongong</a> (pictured below).
The property sold in November 2018 for $2.23 million with an assessed gross yield of 4.8%.
The same property sold again in August 2018 for $2,675,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/16/17%20smith%20st.jpg" alt="">
"The rents for the units had increased but this still represented a gross yield of 4.28%, a decline of 11%," the valuation firm added. 
Recent weakening market conditions have changed the tide for low yields. As prices have declined, yields have started to increase.
Small scale and older style multi-unit properties appear to be a favourite of residential investors.
Recent transactions include an April sale of five two bedroom units in West Wollongong for $1.1 million, reflecting a passing gross yield of 6.15%.
A single level block of three units in Bellambi sold in May for $695,000 which reflected an analysed gross yield of 5.42%.
More unique are sales of modern developments in the Illawarra, according to the HTW report. 
The recent sale of 6A Addison Street, Shellharbour (pictured below) is the first one in recent times.
<img src="https://www.urban.com.au/images/2019/10/16/shellharbour.jpeg" alt="">
This was a three level, six unit building built in 2016. The sale for $2,565,000 reflects a gross passing yield of 5.55%.
"The most important aspect for a cash flow investor is having their property occupied and the Illawarra caters for a large variety of demand for rental properties," the valuation firm said. 
</body></html>

Illawarra caters for a large variety of demand for rental properties: HTW residential 

<html><body>
A Willoughby, South Australia mortgagee cottage listed six times in the past five years has finally sold for $255,000.
The two bedroom, one bathroom cottage is situated on 139 hectares of primary production zoned land.
Paul Gibson of Cliff Hawkins marketed the property.
The earliest indicator of its mortgagee status came in December 2018.
Situated at <a href="https://m.realestate.com.au/property-house-sa-antechamber+bay-109768556" target="_blank">2332 Cape Willoughby Road</a>, the holding was most recently listed for $450,000.
The asking price was a $330,000 reduction on what was originally sought back in July 2015 of $780,000.
Featuring two dams, one being spring fed a large working shed/garage and five rain water tanks, the property has views from the cottage with decking on three sides.
The holding last sold for $75,000 in 2002.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
</body></html>

Willoughby, SA mortgagee home sold for $530,000 less than original asking price

<html><body>
A Port Lincoln, South Australia mortgagee home has been sold for $97,000.
The three bedroom, one bathroom house last sold for $173,000 in October 2004.
Shane Merchant of Kemp Real Estate marketed the listing.
Situated at <a href="https://www.realestate.com.au/sold/property-house-sa-port+lincoln-131005814" target="_blank">30 Matilda Street</a>, the home was built in 1925.
Set on 1,012 square metres, the listing notes that the home would be ideal for those "looking for a project".
Originally listed for $129,000 in April 2019, after 130 days on market the asking price was down to $109,500.
In January 2004, the home sold for $150,000, also more than the latest sale.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
The median price for a home in <a href="/developments/port-lincoln-sa-5606">Port Lincoln</a> is $296,500 according to CoreLogic.
</body></html>

Port Lincoln, SA mortgagee home sold for $75,000 loss

<html><body>
Education providers are looking to Australian CBD offices in an attempt to attract international students demanding improved safety, connectivity, and enhanced amenities, according to a new report compiled by JLL Research.
“Education has become the ‘sleeping giant’ of office demand,” says Darren Krakowiak, JLL’s Director of Tenant Representation. 
The international student market is worth more than $30 billion a year to Australia. 
In Victoria, strong state government investment in education has boosted student intakes by 5.8% per year from 2001 to 2017, exceeding the national average of 4.9% and increasing its share of national enrolments by 2.2 percentage points.
Much of this growth is in the international student segment. 
JLL’s report, Sleeping Giant – Education sector demand in the Melbourne CBD, notes that Melbourne was rated third globally in the 2019 QS Best Student Cities Ranking.
“Over the last five years, the education sector accounted for 10.1% of Melbourne CBD office space take-up, up from 2.2% in the previous five years,” according to JLL’s Senior Director Strategic Research, Annabel McFarlane.
“This is placing pressure on the Melbourne office market and vacancy levels are close to a 30-year low in the second quarter of 2019 at 3.8%.” 
Victoria University is consolidating its city campuses into City West Precinct, a 32-storey vertical campus due for completion late in 2021. 
Monash College is taking more than 40,000 square metres of space at 750 Collins Street, Docklands, with other educators taking backfill space in repurposed offices and leasing space in clustered buildings. 
Non-university educators are also strong players in the sector, with enrolments trebling in the 10 years to 2017.
These non-traditional institutions are also using the benefits of the CBD as a competitive advantage, and are key sources of demand for space in secondary office buildings, McFarlane said.
Along with the increased demand for university premises, there has been huge growth in purpose-built student accommodation in the Melbourne CBD, particularly at the northern end close to the University of Melbourne and RMIT.
</body></html>

Education sector disrupting Melbourne's office space market

<html><body>
A Balwyn North mortgagee home has been sold for $965,000.
The three bedroom, two bathroom townhouse last sold for $1.13 million in 2016.
Mark and Rob Fletcher of Fletchers Real Estate marketed the property.
Situated at <a href="https://www.realestate.com.au/sold/property-townhouse-vic-balwyn+north-131970578" target="_blank">5 St Bridgets Rise</a>, the abode was sold at auction with a price guide of $960,000 - $1,050,000.
Set on 526 square metres, the two storey home features a double auto-garage.
Built in 1980, the home is located a short walk from multiple schools, cafes, public transport options and other amenities.
When the home last sold, it was also during an auction but it went under the hammer with a lower price guide of $900,000 - $990,000, despite the higher final sale price.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
The median price for a home in <a href="/developments/balwyn-north-vic-3104">Balwyn North</a> is $1,561,500 according to CoreLogic. 
</body></html>

Balwyn North mortgagee home sold for $165,000 loss

<html><body>
A Melbourne mortgagee home has been sold for $542,000.
The apartment last sold for $585,000 in 2012. It was an off the plan purchase.
Edward Thomas and Amanda Draper of Edward Thomas marketed the property.
Situated at <a href="https://www.realestate.com.au/sold/property-apartment-vic-melbourne-131970274" target="_blank">910/639 Lonsdale Street</a>, the two bedroom two bathroom apartment also has an underground parking space.
The home has been on market for a combined 1700 days over the course of 3 campaigns before it successfully found a buyer.
It was only offered as a mortgagee in this latest campaign which started in September 2019 and it sold at auction with a price guide of $470,000 - $510,000.
Located in the Upper West Side development, the unit has access to a number of features including a well equipped gymnasium, heated lap pool, rock climbing wall as well as communal gardens and BBQ areas.
It is positioned opposite the Southern Cross station, near trains, trams, The DFO, Coles, Crown Casino, Southbank and Docklands restaurants.
Built in 2014, the home was offered as a rental as recently as 2017 seeking $635/pw, an increase on what it sought in 2014 when it was listed for $560/pw.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
The median price for a home in <a href="/developments/melbourne-vic">Melbourne</a> is $590,000 according to CoreLogic.
</body></html>

Melbourne mortgagee apartment sold for $45,000 loss

<html><body>
National rents were -0.1% lower over the month to September 2019, with a median rental value of $436/week, according to the latest Quarterly Rental Review from CoreLogic
They found Rental rates across the combined capital cities came in -0.2% lower over the month with a weekly median rental value of $464/week which remains considerably higher than the combined regional markets where the median rental value current sits at $381/week, with rents across regional areas having risen by 0.1% over the month of September 2019.
Looking at the change in rents over the month across the capital cities, Adelaide was the only capital city to record a monthly rise in rents (+0.1%), with rental rates lower in Sydney (-0.3%), Melbourne (-0.1%), Perth (- 0.1%), Hobart (-0.2%), Darwin (-0.2%) and Canberra (- 0.3%), while unchanged in Brisbane.
According to CoreLogic’s head of research, Tim Lawless, “the broad based weakness in rental conditions can probably be attributed to a rise in rental supply following the surge in investment and residential construction activity through the previous housing boom which has contributed to rental supply."
"Additionally, as first home buyer numbers have surged, this has likely contributed to a reduction in demand as renters convert to buyers.”
“Markets where rents are rising the fastest have generally seen less of a supply response, creating tight rental conditions and pushing rents higher,” he concluded.
</body></html>

Latest Buying Insights

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

Editor's Picks

Developments

New apartments

New townhouses

News

Latest Buying Insights

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

Editor's Picks

Receive the latest news stories to your inbox

Developments

New apartments

New townhouses

News