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>

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Ellen Walker

Off-the-plan property explained: What is stamp duty?

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Most first home buyers in Perth fall into the sub-$500,000 price bracket, bound within Keystart’s $480,000 price cap and their low deposit home loan income thresholds, according to a recent Herron Todd White (HTW) residential report. 
The report notes from 1 July 2019, these income limits were increased by $15,000 for singles and couples to $105,000 and $130,000 respectively, and increased by $20,000 for families to $155,000 for the metropolitan region.
These increases came “in support of the State Government’s policy to assist more Western Australians into home ownership. By expanding our eligibility criteria, the government estimates that around 11,000 additional households will qualify to apply for Keystart finance.” These increases are temporary and will revert back to the old income limits from 1 January 2020 (Keystart, 2019).
"Mixed in with other factors touched on in previous editions, these increases are contributing to Perth’s current affordability and it is certainly a great time for a first home buyer to get their foot in the door," the valuation firm said. 
The majority of first home buyers are currently purchasing in suburbs on Perth’s urban fringe, including land estates in Baldivis, Wellard, Byford, Caversham, Dayton, Brabham, Aveley, Ellenbrook, Banksia Grove, Alkimos, Eglinton, Yanchep and more.
The median house price for these suburbs ranges from $355,000 (Ellenbrook) to $445,000 (Aveley).
The report suggests a significant proportion of the first home buyer demographic has been choosing to build new dwellings instead of purchasing established property due to the competitive cost of building through house and land packages and the more flexible financing options on offer.
Home builder incentives are rampant at the moment, sweetening the deal on top of the First Home Owner Grant.
In terms of what a typical home looks like for a first home buyer, most properties in these areas are fairly house heavy, meaning the ratio of land value to dwelling value is quite low.
A recent construction valuation on a 360 square metre lot in Baldivis was valued at $338,000 with the estimated proportion of land to improvements at $155,500 and $182,000 respectively – the land only equating to about 85 per cent of the dwelling value.
In comparison, a recent construction valuation on a 719 square metre lot in Leeming came in at $925,000 with the estimated proportion of land to improvements at $525,000 and $400,000 respectively. Here the land is worth 131% of the improvements - a significant difference in ratio compared to Baldivis.
"Of course, that was just one example but house heavy properties are typical for land estates in Perth’s outer metro region," the valuation firm commented.
Most first home buyers in these areas are either couples or young families and the prospect of building a brand new home to their own specification instead of buying something lived in is often at the forefront of their minds.
"This is limiting, as the more you spend on the dwelling, the less budget you can put aside for location and land size.
"Location can be a non-issue for some people who work fly-in-fly-out (FIFO), as the daily commute is not front of mind and for this reason we see a lot of young FIFO workers living in new estates 20 kilometres or more from the CBD," the valuation firm said. 
First home buyers working close to the city with a lifestyle driven towards social events, friends and entertainment look for central locations.
There is an abundance of opportunity in the form of unit developments in suburbs such as Maylands, Mount Lawley, Belmont, Bentley and Queens Park, or medium to high rise apartments in East Perth and Rivervale and often these can be a more affordable option than a cottage block 20 kilometres from the CBD.
This unit at<a href="https://www.realestate.com.au/sold/property-apartment-wa-maylands-130546898" target="_blank"> 7/83 Caledonian Avenue</a> in Maylands (pictured below) sold for $275,000 in June 2019.
It comprises one bedroom, one bathroom and one car space with 83 square metres of floor area.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/9/23/maylands%20.jpg" alt="">
"So how about the upgrader market? We will categorise this as mostly established families who have added or are adding a new family member. These home buyers are often in need of more space and a home closer to work with the amenities that families want to take advantage of," the valuation firm said. 
This includes accessibility to public transport, child care, general practitioners, shopping and entertainment.
Access to major roadways is also helpful for a shorter commute to work and a lower fuel expense.
A major decision factor for parents is where their children will go to primary and high school.
Being within close proximity to good schooling and other amenities is a significant advantage in our time- poor society as saving 20 minutes of driving time each day adds to precious time with the children or extra time to run the household.
Two popular school zones within 13 kilometres of the CBD are Rossmoyne Senior High School and Willetton Senior High School.
These top performing schools placed eighth and 15th respectively in Western Australia for 2018, boasting median ATAR’s of 89.45 and 87.8.
Surrounding these schools is a number of established suburbs including Rossmoyne, Bull Creek, Shelley, Riverton and Willetton.
This area on the left half of the map above is very popular in the upgrader market as it boasts quick access to major roads such as Leech Highway, High Road, Kwinana Freeway and South Street. These roadways accommodate great public transport routes and facilities with Murdoch Station and Bull Creek Station nearby.
There is also plenty of shopping around with neighbourhood shopping at Stockland Bull Creek Shopping Centre, Southlands Boulevarde and Stockland Riverton and regional shopping at Garden City Booragoon and Westfield Carousel, both within a six kilometre radius.
The redeveloping Murdoch Health and Knowledge Precinct is close by, as well as a number of child care and general practitioners.
Within this area are many more schools including All Saints College and eight primary schools. Murdoch University and Curtin University are both within five kilometres.
Beyond the amenities, this area is also known to be very safe so you can see why it is revered as a great place to raise children from birth through to university-age.
These suburbs have median house prices ranging between $650,500 (Riverton) and $1.05 million (Rossmoyne) and would suit a variety of different residents.
This two-storey property at <a href="https://www.realestate.com.au/sold/property-house-wa-willetton-130226610" target="_blank">9 Chancery Crescent, Willetton</a> (pictured below) sold for $778,000 in May 2019.
It was built in 1979 and comprises five bedrooms, two bathrooms and a pool on a 698 square metre allotment.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/9/23/willetton.jpg" alt="">
On the right half of the map above is the Lynwood Senior High School catchment area. 
Lynwood SHS has improved significantly over the past decade, now having some of the highest attendance rates of Western Australia’s public high schools. In 2018, Lynwood SHS received the Department of Education’s Western Australian Secondary School of the Year award and achieved a median ATAR of 80.55.
Suburbs in this area include Parkwood, Lynwood, Ferndale and Langford.
The median house price in these suburbs ranges from $328,344 (Langford) to $436,500 (Parkwood).
Note the significant difference in median house price for the Lynwood SHS zone compared to that of Willetton SHS and Rossmoyne SHS. There are a few reasons for this.
Firstly, it is slightly further away - neither Leach Highway nor Roe Highway traverse any of these suburbs, lengthening travel time to the amenities mentioned above as well as the CBD.
Secondly, the expansive waters of the Canning River end before Parkwood and Ferndale where it turns into wetlands so there are no significant views to help increase the median house price in these suburbs.
Thirdly this area has a lower socio-economic profile. This being said, Parkwood at a median of $436,500 represents a great alternative to neighbouring Willetton ($686,000) in terms of value for money.
This property at <a href="https://www.realestate.com.au/sold/property-house-wa-parkwood-130198602" target="_blank">3 Newsam Close, Parkwood </a>(pictured below) sold for $463,000 in March 2019.
It comprises four bedrooms, two bathrooms and a double garage on a 682 square metre allotment.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/9/23/parkwood.jpg" alt="">
Churchlands is an affluent suburb located just seven kilometres west of the CBD. Surrounded by Floreat, Woodlands, Doubleview, Wembley Downs and Wembley, this catchment includes Churchlands Senior High School as well as private Hale School and Newman College.
On top of this there are six primary schools within a two-kilometre radius of Churchlands and the coast is only three kilometres to the west.
The median house price in these suburbs ranges from $900,000 (Woodlands) to $1.35 million in Floreat and Churchlands. Part of the big price tag in these suburbs relates to their proximity to both the CBD and coastline. There are also plenty of top quality cafés in this catchment and no real lack of other amenities either.
<a href="https://www.realestate.com.au/sold/property-house-wa-churchlands-130959650" target="_blank">This property at 9 Appleberry Street, Churchlands</a> (pictured below) was part of a small land development in 2012.
It sold in June 2019 for $1.415 million.
The circa 2014 build comprises four bedrooms and three bathrooms over two storeys on a 340 square metre allotment.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/9/23/churchlands.jpg" alt="">
In terms of prestige home buyers, they are generally looking for properties that are either close to the coast or close to the river, paying large premiums for their chosen suburb’s reputation and views which come with the location.
"We all analyse a large combination of characteristics in the search for our perfect new home no matter what we’re looking for.
"The main attributes that we have covered (proximity to shops, schools, transport, child care, the CBD, coast or river etc) relate directly to any land parcel’s underlying value.
"This includes what can be done with the site, its shape, contour and level etc. The fundamentals will always be king – location, location, location!" the valuation firm added. 
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j.ballantyne1990-6AQqhLzZaK

First home buyers in Perth active in urban fringe: HTW residential 

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Across the capital city gross rental yields there has been both compression and growth, according to the latest SQM Research data.
They found that while yields in the Sydney and Melbourne have both stabilised following recent falls, Melbourne has recorded a rise while Sydney has had some yield compression since 2016.
Hobart Adelaide and Perth joined Melbourne as they all saw a rise in rental yields over the past four years.
Compared to them it's only Canberra and Sydney that saw compression.
<img src="https://www.urban.com.au/images/2019/9/24/Yields%20SQM%20Chart.JPG" alt="">
SQM research said, "if you consider that the average variable home lending rate is just under 5% before discounts and falling, a number of these capital cities potentially could be offering cash-flow positive property."
"Canberra Darwin, Adelaide, Hobart and even Brisbane would be close to offering cash-flow positive investments after tax."   "Always remember though, yields are meant to fairly reflect risk. The higher the yield, the higher the risk. But as is often the case in property, a fair yield for risk doesn’t always occur," they concluded.
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Both Sydney and Melbourne rental yields continue stabilising

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An apartment building in Alexandria has been recognised at the AustralianGreen Smart Awards 2019 for its achievement in sustainable building. 
7 Wyndham Street, known as The Fern Development, was the winner of the HIA Australian GreenSmart Professional and the HIA Australian GreenSmart Multi Dwelling Development.
The Fern was also a finalist in the HIA Australian GreenSmart Energy Efficiency category.
The building comprises of 11 one-bedroom apartments over six levels.
The development utilises a heat recovery ventilation system, high quality insulation, and triple glazed doors and windows to conserve energy. 
This amounts to a purported 90% cut (compared to the average house) in the energy required to heat and cool the residence.  
Redfern train station is 400 metres from the residential complex by foot.
The development sits on a 236 square metre site, with an internal building area of 626 square metres. 
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wdavis-8cCN98p7xp

Alexandria development takes home AustralianGreen Smart Awards

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First home buyers have saved more than a billion dollars in stamp duty courtesy of the 2017 Housing Affordability Strategy, according to the NSW state government. 
The report shows that more than 67,800 home buyers have now taken advantage of the opportunity to save (up to) $24,740 in stamp duty when purchasing their first home.
<img src="https://www.urban.com.au/images/2019/9/13/ss1.png" alt="">
The scheme eliminates stamp duty for first home buyers purchasing a new or existing property valued up to $650,000 and provides stamp duty savings for purchases of homes valued between $650,000 and $800,000.
The First Home Owner Grant of up to $10,000 is also available for new housing constructions valued up to $600,000, or for land and a new construction you intend to build valued up to $750,000.
Premier Gladys Berejiklian said her government was delivering on its promise to make it easier for people to own a home.
 “I made it a priority to help first home buyers get the keys to their first home and today’s figures show we are doing just that," Berejiklian said.
<img src="https://www.urban.com.au/images/2019/9/13/ss2.png" alt="">
The share of first home buyers entering the NSW property market has increased from 17.3% in July 2017 to 27.5% in July of this year, according to ABS lending data.
Recent figures from the Australian Bureau of Statistics’ Lending to Households and Businesses report show lending to first home buyers had the biggest increase of all lending categories, with a 6% jump in July.
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NSW first home buyers save more than $1 billion in stamp duty, according to state government

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Older Australians desperately want to avoid the private rental market with 80% instead pursuing hopes of suitable ownership options, according to recent research.
But the housing supply is not meeting the needs of older Australians, the report from the Australian Housing and Urban Research Institute (AHURI) found. 
Older NSW home owners aspire to remain in home ownership, preferring to live in three-bedroom separate dwellings in Sydney's middle to outer suburbs. 
There is a smaller preference to reside in small regional towns or large regional cities.
Those aged 75 and over were more likely to have a preference for the inner suburbs.
Few aspired to live in the CBD. And only 2% wanted a one bedroom apartment.
While the number of bedrooms, building quality and dwelling type are important, safety and security and having somewhere that feels like home are more critical for older Australians.
The number of older Australians increased by almost three million between 2006 and 2016, while the Australian Bureau of Statistics estimates the number of older Australians will more than double from 5.8 million in 2012 to 14.1 million in 2062.
The survey results from AHURI follows recent accompanying research that shows mortgage debt obligations for older Australians is a growing concern, rising from $27,000 in the 1980s to $186,000 more recently.
Since 2006, the proportion of outright owners has fallen in the 55–64 year group, with falls still significant, but less dramatic, among those aged 65 or over.
Around 35% of 55–64-year-olds have a mortgage compared to 8% of those over 75.
Policy innovation is severely lacking in delivering the housing and housing assistance required to meet the aspirations of later-life Australians, AHURI has concluded.
"Current patterns of housing supply are not meeting the diverse needs of older Australians with too many apartments and large separate dwellings and not enough mid- sized product," the Older Australians and the housing aspirations gap report, lead by James Rowley, noted.
The Australian Housing Aspirations survey collected responses from 2400 responses from older Australians.
The report urges the better matching of new housing supply to aspirations to meet the demand for two and three-bedroom houses (including attached) located in high level amenity locations.
Social connections within the community, walkability, quality public transport, access to services and amenities and proximity to family and friends are important.
While large back gardens are less important to older Australians, some outdoor space was considered important.
"Dwellings need to be designed with older Australians in mind, which includes being easily adaptable when required," the report said. 
"Strategic planning needs to deliver outcomes that reflect the demand for smaller houses within established suburbs and move away from a mind-set that apartments are the only solution to delivering smaller dwellings.
"Regional locations also need a greater diversity of dwelling product.
"Small regional towns were a popular aspiration of older Australians, but there needs to be a range of products available in these locations to meet demand."
The report also noted delivering low cost, low deposit ownership products, through shared ownership or through a land rent type scheme, could deliver the safety, security and control characteristics of home ownership sought by older Australians.
Any Federal Government initiatives that seek to reduce financial penalty via taxation in later years to enable housing transitions, are generally supported by the research.
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jchancellor-FAypfDUnLy

Older Australians overwhelmingly prefer home ownership to renting

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Fitzroy North has been one of the best performing suburbs in Melbourne's north east over the last five years.
Its median house price has soared from just over $1 million to $1.36 million, a price difference of $360,000.
Only Clifton Hill (+427,750) and Parkville (+$890,000) have seen their median house price grow further.
To get the latest suburb data on Fitzroy North from CoreLogic, <a href="/developments/fitzroy-north-vic-3068">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/2019/9/23/Fitzroy%20North%20median.jpg" alt="">
Fitzroy North, sometimes called North Fitzroy, has a distinct character, noted for its prevalence of wide streets, intact Victorian and Edwardian era terraced housing and for the Edinburgh Gardens, a large inner-city park formerly home to the Fitzroy Football Club. 
Fitzroy North is adjacent to, and shares a postcode and neighbourhood character with Clifton Hill, both being government subdivisions set on elevated ground and to the same layout by Clement Hodgkinson in the 1870s.
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What if you bought in Fitzroy North five years ago?

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Mosman Park, in Perth's west, has seen radical growth in its real estate market over the years - One of Perth's major industrial centres up until 1970's, in 2009 the suburb registered the second highest average value for private sector houses in all of Australia.
The suburb sits on a peninsula at the mouth of the Swan river, with the Indian ocean lying to the west.
Mosman beach runs almost 600m along the coast.
Freestanding houses are the most common form of residence in the suburb, making up just under 60% of occupied dwellings. 
Mosman Park Shopping Centre, on Monument st, represents the suburbs primary shopping precinct.
<img src="https://www.urban.com.au/images/2019/9/13/Screen%20Shot%202019-09-23%20at%203.53.36%20pm.png" alt="">
While consistently ranking as one of Perth's 10 most expensive suburbs, Mosman Park hosts a chaotic property market with median house values known to jump as much as $150,000 month to month. Apartments are equally subject to unpredictable peaks and troughs.
Click <a href="https://www.propertyobserver.com.au/finding/location/suburb-data" target="_blank">here</a> to see exactly how Glen Iris, or your suburb, has fared over the past five years...
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What if you bought in Mosman Park five years ago?

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Considered to be the geographical centre of Melbourne's population, Glen Iris real estate has long-been in demand.
The suburb sits in the south-east of Victoria's capital, and was founded in the mid-late 19th century.
Freestanding houses are by far the most common homes in the suburb, making up well over half of all residences. 
The suburb has generally followed relatively predictable market trends, with unexpected peaks and troughs rarely seen.
<img src="https://www.urban.com.au/images/2019/9/13/glen%20iris%20data.png" alt="">
Older coupes and established families have historically been the regions largest demographic.
Tooronga Village Shopping Centre is the most prominent retail precinct in the suburb.
Click <a href="https://www.propertyobserver.com.au/finding/location/suburb-data" target="_blank">here</a> to see how Glen Iris, or your suburb, has fared over the past five years...
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What if you bought in Glen Iris five years ago?

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Balwyn North, renown in recent times for its French chateaux style home construction spree, has seen its median house price drop back to 2015 levels.
It now sits at $1.6 million, <a href="/developments/balwyn-north-vic-3104">according to CoreLogic</a>, where it was in 2015.
The median house price has dropped drastically since peaking at $1.95 million mid-last year.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/9/23/Balwyn%20CL.jpg" alt="">
To see the latest Balwyn North house price data, <a href="/developments/balwyn-north-vic-3104">click here</a>.
But Balwyn residential properties have more recently become known for its knockdown rebuilds, often copying the châteaux of France with their facades.
Balwyn North was one of the first Melbourne suburbs to be developed according to the pattern of postwar suburbia, with expansive, quiet residential areas designed as family homes and relatively few business districts.
Consistently among Melbourne's top 20 most exclusive postcodes, Balwyn North's status as an affluent suburb has seen middle to upper-middle-class families from surrounding localities transfer to the area to take advantage of the suburb's relatively large block sizes and proximity to some of Victoria's best private schools including those in the neighbouring suburbs.
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Balwyn North median house price drops to 2015 levels

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Spring Hill, an inner suburb of Brisbane, has witnessed a 3.2 percent increase in its median house price since 2014, according to realestate.com.au.  
Buyers who bought in this area early at the median price of $891,500 in 2014 now own a house with a median price of $920,000. 
<table border="0"><tbody>
<tr>
<td>Median house price 2014</td>
<td>Median house price 2019</td>
<td>Price difference</td>
<td> </td>
</tr>
<tr>
<td> $891,500</td>
<td> $920,000</td>
<td> $28,500</td>
<td> </td>
</tr>
</tbody></table>
However, the suburb's median unit price dropped from $421,250 to $397,500 from 2014 to 2019.
<table border="0"><tbody>
<tr>
<td>Median unit price 2014</td>
<td>Median unit price 2019</td>
<td>Price difference</td>
<td> </td>
</tr>
<tr>
<td> $421,250</td>
<td> $397,500</td>
<td> -$23,750</td>
<td> </td>
</tr>
</tbody></table>
For those who didn’t buy in Spring Hill five years ago, should they buy in Spring Hill now?
It is important to check the median price regularly to ensure you are not missing the best opportunity of buying a new home.
To learn all you need to know about Spring Hill, from median asking rents to average hold period, <a href="/developments/spring-hill-qld-4000">click here</a>. 
According to Microburbs, Spring Hill is an 9/10, with 10/10 in its convenience score and 9/10 in its family score. 
 
 
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