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.

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<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?

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EXPERT OBSERVATION
It’s a sellers’ market with low listing volumes putting them in an extremely comfortable position. 
There were very clear and consistent signs of recovery in the market and this turnaround, as well as further improvements in auction clearance results, could lead to an increase in volume.
This week’s preliminary clearance results in Sydney hit just below 85% and in Melbourne were just shy of 80%. 
However, at this stage it appeared, generally, sellers did not feel the rush to list their properties.
Clearance rates in the 80s put sellers in a very comfortable position.
<a href="https://www.propertyobserver.com.au/images/2019/8/26/SYD%20MEL%20auction%20clearance.jpg" target="_blank">Click here</a> to enlarge: 
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We are also seeing, from the independent source of the Westpac-Melbourne Institute, significant improvements in consumer sentiment in relation to house price expectations and time to buy a dwelling indices.
In addition, when it comes to auction clearance rates in Sydney and Melbourne, we are seeing very clear signs of recovery.
The trend now is very clear with interim results in the 70s and 80s over the past four weeks and final clearance rates in the 70s for that period. 
This is significantly higher than the clearance rate in the mid 50s a year ago in those capital cities.
A combination of the election results, RBA interest rate cuts with at least one further cut on the horizon, APRA's changes to the floor assessment and tax cuts delivering more funds to households, all contributed to the confidence in the market and, consequently, for higher clearance rates that were also well connected with higher prices. 
<a href="https://www.propertyobserver.com.au/images/2019/8/26/Westpac%20HPE%20index.jpg" target="_blank">Click here</a> to enlarge: 
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The recent auction clearance rates and improved consumer confidence are creating a very clear trend, that will consequently lead to price increases and a rise in volumes, as sellers expect stronger demand for their properties and, therefore, are more confident to put them on the market.
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Basically, what we are seeing is improving confidence, improving clearance rates and improving prices.
In fact, according to CoreLogic data, <a href="https://www.corelogic.com.au/reports/chart-pack" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">in July 2019, dwelling values increased across all capital cities except for Adelaide, Perth and Canberra</a>.
This shows that sellers are in a good position, they see improvement in the market, and they are in control of what happens next.
Generally, both Sydney and Melbourne are performing really well, especially Sydney in recent weeks.
The key thing we are seeing is very consistent and strong results, particularly, but not only, in the high end of market.
In fact, the high end of the market continues to lead the way with extremely strong results in Northern Sydney and Hornsby (91.9%), Sydney Inner West (89.3%) and Northern Beaches (92.6%).
In Melbourne, both Inner Melbourne and Inner East delivered 82.8% and the Inner South 80.5%.
This is a good trend and with the recent rate cuts by the RBA, the high likelihood of another this year, and potentially one in first half of 2020, this are looking extremely positive.
Demand for housing and housing finance are also showing very clear signs of improvement.
With the interest rate falls and recent changes in the floor assessment, combined with serious competition between banks and non-banks making it easier for borrowers, particularly owner-occupiers to refinance and reduce mortgage repayments, there’s negative pressure to sell because vendors see the market recovering.
Often people think if there is low volume, the market it poor and high volume means it’s strong, but that's not necessarily the case. It really depends on the context.
DORON PELEG is CEO of RiskWise Property Research.
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j.ballantyne1990-6AQqhLzZaK

Strong auction results and low listing volumes mean sellers hold the power: Riskwise's Doron Peleg

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EXPERT OBSERVER
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<h1>Construction work done</h1>
Construction work done fell by 3.8 per cent in the June quarter – the fourth straight decline. The value of construction work done is 11.1 per cent down on a year ago.
In the year to June 2019 (2018/19), construction work done was at record highs in Tasmania.
Construction costs rose by 0.5 per cent in the June quarter, with building costs up 0.4 per cent and engineering costs up by 0.7 per cent. On the year, construction costs were up 2.3 per cent – the slowest growth in just over two years.
What does it all mean?
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In the year to March (the full 12-month period), construction was at record highs in NSW, South Australia and Tasmania. In the year to June only one state can claim record construction work – Tasmania. In 2018/19, Tasmanian construction work topped $3 billion.
While construction costs in the engineering sector remain relatively high, there has been an easing of building inflation in home and commercial building in line with the slowdown of work, especially in the residential sector.
<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/2019/8/28/Construction%20activity%20levels%20CommSec.jpg" alt="">
A number of listed companies, such as Boral, have noted that the huge pipeline of infrastructure work, by now, should be offsetting the slowdown in home building. But project delays have meant this isn’t occurring, as shown by the latest data. This clearly is an issue for state and territory governments to ensure the Reserve Bank isn’t fully shouldering the burden for stimulating the economy.
<h1>What do the figures show?</h1>
Construction work done fell by 3.8 per cent in the June quarter – the fourth straight decline. Construction work done is 11.1 per cent down on a year ago.
Public sector construction work fell by 0.8 per cent in the quarter and private sector activity fell by 4.7 per cent.
Construction work fell across seven states and territories in the June quarter: NSW (down 1.9 per cent); Victoria (down 4.4 per cent); Queensland (down 6.0 per cent); South Australia (down 4.8 per cent); Western Australia (up 1.4 per cent); Tasmania (down 4.1 per cent); Northern Territory (down 12.3 per cent); ACT (down 13.1 per cent).
Engineering work fell by 1.1 per cent in the June quarter – the fourth straight decline. Work done is down 15.9 per cent over the year.
Commercial (non-residential) building fell by 6.6 per cent in the June quarter after rising by 3.8 per cent in the March quarter. Commercial work is down 3.3 per cent on the year.
Residential building fell by 5.1 per cent in the June quarter – the fourth straight decline. Work done is down 9.6 per cent over the year. Alterations &amp; additions fell by 2.9 per cent in the quarter, while new residential work fell by 5.4 per cent.
<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/2019/8/28/Slower%20home%20building%20CommSec.jpg" alt="">
Construction costs rose by 0.5 per cent in the June quarter, with building costs up 0.4 per cent and engineering costs up by 0.7 per cent. On the year, construction costs were up 2.3 per cent – the slowest growth in just over two years.
Annual building inflation was 1.7 per cent (6-year low) and engineering inflation was 3.3 per cent.
<h1>What is the importance of the economic data?</h1>
The Bureau of Statistics releases quarterly estimates of Construction work done. The estimates are based on a survey and cover around 85 per cent of the construction work done in the period. Revised estimates will be released in coming months. The data is useful largely for historical purposes but the work yet to be done estimates provide an early warning signal of future activity. The residential work figures give a good early guide to the strength of residential investment in the national accounts.
<h1>What are the implications for interest rates and investors?</h1>
Those investors that follow companies in construction, engineering and building materials sectors, need to carefully watch for work starting on the bevy of infrastructure projects. Rising home prices may also encourage more residential projects to start in regions of high population growth.
In terms of transport infrastructure, Macromonitor have pushed out the peak of work by 12 months to 2022/23. Queensland is expected to ramp up construction of projects over next year after activity fell in 2018/19.
CommSec expects interest rate cuts in both November 2019 and February 2020. Much will depend on how quickly infrastructure projects can be fast-tracked (and this may require more migrants to fill skilled job vacancies).
Craig James is the chief economist at <a href="https://www.comsec.com.au/default.aspx" target="_blank">CommSec</a>. 
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cjames-5S2v74qSNK

Construction eases from record highs: CommSec

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Property group CFMG Capital has acquired a $10 million site at Logan Reserve to double the size of their Middleton Park Development. 
The acquisition of the 10.35 hectare site at School Road, Logan Reserve will increase the size of the company’s existing Middleton Park development from 150 lots to 336 lots.
Together with two projects (Solander and Birchwood) at Park Ridge, CFMG Capital now has more than 600 lots in its pipeline in the Logan growth area. 
The Middleton park project currently offers land from $179,000 and house and land packages from $369,500. 
CFMG Capital has seven projects in the Brisbane to Gold Coast corridor (Oakland Pocket, Creeks Edge, Lomandra Park, Elevate, Solander, Birchwood and Middleton Park) with a strong focus on the Logan growth area. 
CFMG Capital General Manager Andrew Thomson said: “As the market improves, we expect demand for these in-fill projects to increase.” 
<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/2019/8/26/IMG_1609%20w%20MPII%20outlined.jpg" alt="">
CFMG Capital now has a pipeline of more than 1,000 lots across 10 different projects in Queensland and Victoria.
Earlier this year the company announced the purchase of three parcels of land across Queensland and Victoria that will collectively yield almost 200 lots. 
The Queensland sites are located at Rochedale and Park Ridge, both of which lie in the Brisbane to Gold Coast growth corridor, and in the Melbourne suburb of Wollert, 26 kilometres north of the CBD. 
The 4.94 hectare Park Ridge site, which is bordered by Koplick and East Beaumont roads west of the Logan CBD and has already received Development Approval (DA), will feature 89 lots with an average size of 373 square metres.
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CFMG add to Middleton Park development with $10 million Logan Reserve acquisition

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A Maribyrnong, Victoria apartment has sold for $515,000 under the mortgagee auction hammer.
The latest sale represents a loss of $57,000 since the property was purchased off the plan in 2010.
Amanda Draper and Edward Thomas of Edward Thomas marketed the listing.
Situated at <a href="https://www.realestate.com.au/sold/property-apartment-vic-maribyrnong-131615574" target="_blank">113/20 Pier Lane</a>, the property consists of a two bedroom one bathroom apartment.
The property was sold at auction with a price guide of $500,000 to $530,000.
It has been listed as a rental three times since its purchase, in 2012 seeking $500/pw, 2013, seeking $420/pw and more recently in 2018 when it sought $460/pw.
Located on the waters edge, the Edgewater Escape property holds views overlooking the Marina and the Maribyrnong River with easy access to public transport, cafes and other amenities.
Last sold in 2010, the 2011 built apartment transacted for $572,423.
<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/maribyrnong-vic-3032">Maribyrnong</a> is $480,000 according to CoreLogic data.
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Maribyrnong, Victoria mortgagee apartment sold for $60,000 loss

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A Northam, West Australia mortgagee house has sold for $151,000.
The sale represents a loss of $143,000 compared to the previous sale price, a near 50% reduction in value.
Jessica Clark of Bob Davey Real Estate marketed the property.
Situated at <a href="https://www.realestate.com.au/sold/property-house-wa-northam-130614618" target="_blank">18 Selby Street</a>, the abode consists of a three bedroom one bathroom house.
Set on 1,175 sqm, the home comprises 109 sqm on internal space.
Last sold in 2014, the house transacted for $298,000.
The asking price for the property was originally $210,000 when the property was listed in February 2019 but in April it was reduced to $179,000 and in May it was slashed again to $150,000.
The 1935 built house previously sold in 2012 for $205,000 
<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 house in <a href="/developments/northam-wa-6401">Northam</a> is $222,500 according to CoreLogic, which calculate its annual change in median price over the past 10 years as 0%. 
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Northam, WA mortgagee home sold for half price

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A Chinchilla, Queensland home has been sold for $190,000 following an mortgagee auction.
The five bedroom, one bathroom house had been listed for auction over the past five years, the first in 2014 and the second in July 2019.
Trina Martin of Surat Basin Real Estate marketed the property.
Situated at <a href="https://www.realestate.com.au/sold/property-house-qld-chinchilla-131135102" target="_blank">119 Gormleys Road</a>, the property is a timber house on stumps, according to the listing.
Set on a 8,236 sqm plot, the abode features 258 sqm of internal space
Built in 1950, it is located a short distance from the Chinchilla train station and other amenities.
Last sold in 2006 the property transacted for $82,000.
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The median price for a home in <a href="/developments/chinchilla-qld-4413">Chinchilla</a> is $191,00 according to CoreLogic data.
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Five bedroom Chinchilla, Queensland mortgagee home sold

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A circa 1880's stone mortgagee home in Mannum, South Australia has sold for $195,000.
The house sold for slightly more than when it last sold. In 2004 it transacted for $189,000.
Mark Egan of Landmark Harcourts marketed the property.
Situated at <a href="https://www.realestate.com.au/sold/property-house-sa-mannum-129815358" target="_blank">559 Purnong Road</a>, the three bedroom one bathroom house sits facing the Murray River.
Set on 1 hectare, the abode features 122 sqm of internal space. 
The property was offered with an asking price of $202,000, $7,000 more than what the property settled for.
CoreLogic only records two other instances in which the home changed hands, first in 1998 for $50,000 and then in 1999 for $100,000.
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The median sale price for a home in <a href="/developments/mannum-sa-5238">Mannum</a> is $249,000, according to CoreLogic
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Historic 1880's Mannum, SA mortgagee home sold

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A Centennial Park weekend auction offering sold for around $12 million post auction, with just the one Saturday to go before the onset of spring listings.
The London-based bankers Peter Stokes and Annabel Spring placed a vendor bid of $11.8 million at the auction.
The subsequently negotiated sale price has not been disclosed by agent Ben Collier who has always advised $12 million expectations for <a href="https://bencollierteam.com.au/property/22-lang-road-centennial-park/" target="_blank">the Federation mansion</a> (above and below).
Collier had previously sold the property for $9.8 million in 2015 when it was bought by the then Commonwealth Bank wealth boss Annabel Spring and her Macquarie director husband Peter Stokes. 
The Lang Road residence was built in 1909 for bookmaker Alfred E. Hickey.
<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/2019/8/26/22%20Lang%20Road%20Centennial%20Park%201.jpg" alt="">
Sydney recorded a bullish preliminary clearance rate of 84.7 per cent across 500 auctions, the highest preliminary clearance rate since February 2017.
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Over the prior week, final extra results being reported showed 76.2 per cent of the 446 auctions were successful.
One year ago, 721 auctions were held across Sydney returning a final clearance rate of 53.2 per cent.
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Sydney's top reported under the hammer price was in Willoughby. It sold for $4.01 million, which was $10,000 above reserve.
The offering at <a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/lower-north-shore/willoughby/408404" target="_blank">7 Cobar Street, Willoughby</a> (below) had been listed for auction 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/2019/8/26/7%20Cobar%20Street%20Willoughby%20NSW%202068%20%20.jpg" alt="">
The renovated five-bedroom, four-bathroom 1920s house<a href="https://www.realestate.com.au/sold/property-house-nsw-willoughby-131626054"> </a>had bidding from all four registered bidders.
It last sold at $1,515,000 in 2013.
The number of homes taken to auction across all the capital cities increased to 1,412 returning a national preliminary clearance rate of 79.6 per cent, while the previous week saw 1,228 homes taken to auction returning a final clearance rate of 73 per cent, the highest final clearance rate recorded in over two years. 
"Although the clearance rate across the combined capitals will revise lower as remaining results are collected, it will likely hold stronger than last week’s final," CoreLogic auction analyst Kevin Brogan said.
AMP Capital senior economist Shane Oliver said the emerging stronger clearance rates was still premised on low volumes.
"Rate cuts still work," he said, adding that the traditionally busier spring selling season would prove to be a test.
"Tight credit, the unit supply and unemployment will constrain prices versus past cycles," Oliver forecast.
Over the same week last year, auction activity was significantly higher with 1,915 homes taken to auction, returning a much lower clearance rate of 54.6 per cent.
Perth had the weakest clearance rate at 62 percent, and other smaller auction markets put in strong performances including Brisbane at 67 percent, Canberra at 69 percent and Adelaide at 72 percent.
Domain advised the cheapest weekend sale was in Adelaide at $280,000.
The two bedroom house at <a href="https://harcourts.com.au/Property/797915/SCB7236/35-Maturin-Avenue" target="_blank">35 Maturin Avenue, Christies Beach</a> (below) had sold at $325,000 in 2016.
<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/2019/8/26/35%20Maturin%20Avenue%20Christies%20Beach%20SA%205165%20.jpg" alt="">
It was marketed as partially renovated by Harcourts Christies Beach.
Melbourne was the busiest capital.
It was host to 665 weekend auctions, returning a preliminary clearance rate of 79.7 per cent marking the fifth consecutive week where the clearance rate held above 70 per cent. The prior week saw 588 homes taken to auction with a 76.2 per cent final clearance rate.
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Over the same week last year, a clearance rate of 56.5 per cent was recorded across 899 auctions.
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There were four bidders when a 2018-built Camberwell property fetched $4,566,000.
The five bedroom, four bathroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-camberwell-129711982" target="_blank">38 Cochran Avenue</a> saw agent Brett Vanderwart at RT Edgar place a $3.6 million opening bid.
It was announced on the market at $3,750,000.
Buyers agent Mal James advised it was a "40-minute spectacle" with an offering with "strong Asian market appeal."
The home was a collaborative design by Christopher Krambias and Petrifies Architects which was initially listed 300 days ago.
The 800 sqm block sold at $2,665,000 in 2015 with the building approval cost at $1.2 million.
 
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jchancellor-FAypfDUnLy

$12 million Centennial Park sale tops weekend results

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Local buyers in western NSW are looking to expand their land footprints, a new report has found.
According to Colliers International‘s NSW Western Division Grazing Market Update increases in livestock prices and low interest rates have contributed to a 20% increase in land values in the region.
The report indicates that demand is outstripping supply for pastoral grazing land, with interest coming from both family and corporate buyers.
Colliers International’s top factors impacting the NSW pastoral market:
<ul>
<li>Strong commodity prices for mutton, lambs, wool and goats. Meat sheep in particular has transformed profitability within many pastoral operations through improved lambing percentages and strong growth rates. Cattle prices are also relatively firm.</li>
<li>The wool market surged to record highs throughout 2018 and early 2019. More recently however, the market has pulled back but is still considered favorable for wool growers. Offshore demand is the main market driver with demand primarily from China heavily influencing prices.</li>
<li>Australia’s sheep flock numbers are at historical lows as is the national cattle herd size which is still in a rebuilding phase.</li>
<li>A softening Australian Dollar has benefited commodity prices (particularly wool) however this may also increase some input costs such as diesel.</li>
<li>Interest rates are low and stable.</li>
<li>The market’s recognition of lower operating expenses associated with pastoral grazing in comparison with higher rainfall areas (no fertiliser or pasture development and reduced animal health treatments).</li>
</ul>
<a href="https://www.propertyobserver.com.au/images/2019/8/20/nsw%20grazing%201.jpg" target="_blank">Click here</a> to enlarge: 
<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/2019/8/20/nsw%20grazing%201.jpg" alt="">
<a href="https://www.propertyobserver.com.au/images/2019/8/20/nsw%20grazing%202.jpg" target="_blank">Click here </a>to enlarge: 
<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/2019/8/20/nsw%20grazing%202.jpg" alt="">
<a href="https://www.propertyobserver.com.au/images/2019/8/20/nsw%20grazing%203.jpg" target="_blank">Click here</a> to enlarge: 
<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/2019/8/20/nsw%20grazing%203.jpg" alt="">
<a href="https://www.propertyobserver.com.au/images/2019/8/20/nsw%20grazing%204.jpg" target="_blank">Click here </a>to enlarge: 
<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/2019/8/20/nsw%20grazing%204.jpg" alt="">
Source: Colliers International 
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Grazing land in western NSW in high demand

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A new $83 million mixed-use development in Maroochydore has been given the green light.
Economic Development Queensland has ticked off on the proposed two residential towers and six Small Office-Home Office (SOHO) townhouse project.
The project will be on a 4158 square metre parcel of land in the new CBD.
There will be a total of 152 units across the two towers.
Habitat Development Group Managing Director Cleighton Clark said the SOHOs will offer a new style of office product in the Sunshine Coast market.
The number of small businesses on the Sunshine Coast has grown by 2.5% over 2018, ABS data indicates.
 “The SOHOs have clearly hit the mark for this sector, providing a perfect combination of work and home in one property,” Clark said.
The SOHOs will have a non-residential space on the ground floor, which can be used for an office, shop, food and drink outlet or other kind of business. 
Work is expected to start on the project in February 2020.
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