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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A home in Frenchville in Queensland's Rockhampton region has been sold by the mortgagee in possession for $235,000, reflecting a $115,000 loss.
The three bedroom, one bathroom house on 605 sqm last sold for $350,000 in 2011.
The home at <a href="https://www.realestate.com.au/sold/property-house-qld-frenchville-130657598" target="_blank">238 Flowers Avenue</a> sold after 555 days on the market.
Originally listed in December 2017 the property had an asking price of $339,000 through Dan Ware of Mr Real Estate.
Throughout the life of the listing, the asking price was reduced six times to $250,000.
There was also an unsuccessful auction in April 2019.
The property even went back on its 2007 sale when it sold for $290,000.
Built in 1975, it is a two story property with a two car garage.
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The median price for a home in <a href="/developments/frenchville-qld-4701">Frenchville</a> is $320,000 according to CoreLogic, which calculate its annual change in median price over the past 10 years as -0.1%. 
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Frenchville, Queensland mortgagee home sold for $115,000 loss

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A house in Western Australia's Nickol, near Karratha in the Pilbara region, has been sold by the mortgagee in possession for a $357,000 loss.
The home at <a href="https://www.realestate.com.au/sold/property-house-wa-nickol-131332210" target="_blank">6 Mayo Court</a> sold under the hammer for just $293,000, 44% of the value it sold for in 2007 when it transacted for $660,000.
Situated on 705 sqm, the home was marketed as "perfect for the investor or home occupier alike."
It is a three bedroom, one bathroom property which features an open plan kitchen and living area with a rear patio.
Rachel Ross and Tiffinie Guillesser marketed the property that was once owned by the State Housing Commission.
The State Housing Commission originally sold the house in 1992 for $76,500.
Its demise in value was also reflected in its rental worth.
In three years its rental asking price dropped by $600 a week.
It sought $1,050 a week in 2011 before asking $675 a week in 2014. The home failed to find a tenant and was listed for $550 a week later in the month.
Currently the median rent in Nickol is $480 a week.
Property Observer recently wrote about another <a href="/expert-insights/buying/four-bedroom-nickol-wa-mortgagee-home-sold">Nickol mortgagee, 10 Brolga Meander</a>, which sold in May.
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The median price for a home in <a href="/developments/nickol-wa-6714">Nickol</a> is $365,000 according to CoreLogic, which calculate its annual change in median price over the past 10 years as 0.3%. 
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Nickol, WA home sold by mortgagee for half prior sale price amid falling rental market

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A Glenmore Park, NSW home has sold under the mortgagee auction hammer.
The four bedroom, two bathroom house sold for $607,000.
Geoffrey Blaauw and Hayden Green of Response RE marketed the listing.
Situated at <a href="https://www.realestate.com.au/sold/property-house-nsw-glenmore+park-131340562" target="_blank">22 Woodlands Drive</a>, the property sold on June 29.
Set on 660 sqm, the one story house ""offers a large backyard with potential for an alfresco area (STCA)," according to the listing.
The house was first sold in 1994 by the Housing Department for $80,000.
It was then sold in 1995 for $82,500.
Last listed for rent in May 2018, the asking price was $500/pw identical to the price in 2015, which was an increase on the 2011 asking rental price of $450/pw.
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The median price for a home in <a href="/developments/glenmore-park-nsw-2745">Glenmore Park</a> is $735,000 according to CoreLogic, which calculate its annual change in median price over the past 10 years as 6.8%. 
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Glenmore Park, NSW home sold under mortgagee auction hammer

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A Briar Hill, Victoria townhouse has sold at June auction for $558,000.
The two bedroom one bathoom abode is set on 188 sqm.
Scott Conboy and Danielle Vella of Ray White held the listing.
Situated at 2/25 Williams Road, the one story property has a single car garage.
The open plan living area features two balconies.
According to the listing, "the home is ideal for downsizers, investors and first home buyers."
It is located close to public transport, parklands, shops and other amenities.
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The median price for a home in <a href="https://www.realestate.com.au/sold/property-unit-vic-briar+hill-131266762" target="_blank">Briar Hill</a> is $805,500 according to CoreLogic, which calculate its annual change in median price over the past 10 years as 7.1%. 
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Briar Hill, Victoria home sold under the mortgagee auction hammer

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A four bedroom, two bathroom Woorree, West Australia, house has sold for $290,000.
Located in Woorree, an eastern suburb of Geraldton the abode was sold for an increase in price of just $17,000 after being held for 18 years.
Sold after two months on the market, the home traded for $35,000 below its $325,000 asking price.
Doug Fabian of Ray White marketed the listing.
Situated at <a href="https://www.realestate.com.au/sold/property-house-wa-woorree-131148738" target="_blank">29 Polo Road</a>, the one story house was built in 1982.
Set on a 1 hectare plot, the property features 75 metres of street frontage.
According to the listing, "This home... does require lots of TLC".
It remained on market for 57 days at the same asking price of $325,000.
Last sold in 2001, the home transacted for $273,000.
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According to CoreLogic, the annual change in <a href="/developments/woorree-wa-6530">Woorree's</a> median price over the past 10 years is -1.7%.
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Woorree, WA mortgagee home sold $35,000 below asking price

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The weekend auction success rate gathered momentum amid the winter seasonal listings slowdown.
With fewer properties offered, Sydney's preliminary clearance rate jumped to 78 percent and Melbourne hit 70 percent.
Auction volumes fell week-on-week across all capital cities, while the preliminary results had clearance rates up in all cities except Perth.
<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/2019/7/8/Core%20Logic%20-July%208.jpg" alt="">
<div class="_3MT_w">The weekend's priciest auction offering was a stunning beachside home at Manly, which failed to sell.</div>
Despite the buyer interest, it was passed in on a $15 million vendor bid at Manly, as none of the three registered bidders nor several other contract holders were willing to bid for the Vince Squillace-designed home.
Set on an 822sqm block, the three level home at <a href="https://www.clarkeandhumel.com.au/buy/for-sale/38-bower-street/" target="_blank">38 Bower Street</a> (above and below) has multiple living spaces that spill out on to terraces surrounded by tropical gardens.
A whole-floor home office opens to a rooftop terrace overlooking Shelly Beach and Cabbage Tree Bay.
<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/2019/7/8/38%20Bower%20Street%20Manly%202.jpg" alt="">
The home was auctioned after Michael Clarke and Cherie Humel, in conjunction with Jake Rowe, gave a price guide of $15 million to $16.5 million.
It was listed by outdoor sports advertising boss Ray Balcomb and his wife Julie, who designed the home to emulate a luxury Greek villa.
Last sold for $7.25 million in 2013, the Bower St home was until two years ago their weekender as they lived in Duffys Forest on one of Sydney’s finest equestrian estates. 
The dearest sale across the capital cities was $4,175,000 at Elizabeth Bay through Ray White agent Nick Thompson.
The three bedroom, two bathroom <a href="https://www.propertyobserver.com.au/https://raywhiteelizabethbay.com.au/properties/sold-residential/nsw/elizabeth-bay-2011/apartment/2122790" target="_blank">35/93 Elizabeth Bay Road</a> (below) apartment sits on the top floor of the early 1980s Kincoppal complex.
<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/2019/7/8/Elizabeth%20Bay%20apartment.jpg" alt="">
It has 274sqm of living space plus a 33 sqm double garage.
It last sold at $925,000 in 1986, and ranked as the seventh apartment within the complex to have fetched $4 million plus in the past seven years.
It sold to an investor with two other apartments in the harbour front complex.
Melbourne's top sale was also a waterfront.
Overlooking boat sheds, the <a href="https://www.hockingstuart.com.au/property/3-15-morton-grove-chelsea-vic-3196-139158" target="_blank">3/15 Morton Grove, Chelsea beachfront townhouse</a> (below) offering was sold pre-auction at $2 million.
<img src="https://www.urban.com.au/images/2019/7/8/Chelsea%20Beachfront.png" alt="">
It had $2.4 million to $2.5 million guidance late last year through Hocking Stuart after its recent completion.
Brisbane's top sale was when a Queensland pastoralist bought at Clayfield for $2.8 million. 
The 1929 trophy home, Highgate sold through Ray White having been initially listed with $3.2 million hopes with another agent.
Designed by Richard Gailey, the Spanish mission residence at <a href="https://www.propertyobserver.com.au/https://rwnf.com.au/properties/residential-for-sale/qld/clayfield-4011/house/2120755" target="_blank">117 Adelaide Street E, Clayfield</a><a href="https://www.raywhite.com/qld/clayfield/2120478/" target="_blank"> </a>(below) has been tightly held for the past four decades. 
Set on 1,710 sqm, Highgate has six bedrooms, formal and informal dining and lounge rooms, a freestanding office and a billiard room.
Under a terracotta tile roof, Highgate still has a number of original features, including a working fireplace, lead lighting, french doors, hardwood floors, decorative horse-hair plaster ceilings, and hand-cut crystal chandeliers.
In the grounds is a saltwater swimming pool.
<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/2019/7/8/East%20Clayfield.jpg" alt="">
Christine Rudolph and Matt Lancashire of Ray White New Farm had the listing. 
The nation's cheapest sale came in Sydney when a three bedroom Willmot house fetched $232,000.
The fire damaged <a href="https://lsre.com.au/property/house-nsw-willmot-1p3838/">6 Balboa Place offering</a> was marketed by Laing &amp; Simmons as having dual occupancy potential given its 626 sqm block.
The first week of July saw the combined capital city clearance rate above 60 per cent for fourth consecutive week, according to CoreLogic which put the national figure at 68 percent.
Auction volumes remain lower year-on-year, with 1,411 auctions held this time last year, compared to 945 capital city auctions this weekend, which included 388 in Melbourne and 552 in Sydney.
There had been a higher 1,295 capital city homes auctioned in the last week of June. 
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Manly trophy home passed in on $15 million vendor bid amid strenthening weekend auctions

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2019 to date has seen some improvement across the Rockhampton and surrounding residential markets, according to the latest Herron Todd White (HTW) residential report.
The report notes that the rental market has improved with a significant decline in vacancy rates resulting in a slight increase in median rents across most sectors.
In terms of sales activity the top end of the market ($700,000 and above) has been on fire in recent months with a new record price for a residential house coming in at a touch under $1.8 million.
There has also been a larger than average number of sales occur between $900,000 and $1.3 million which is well above average for the number of sales in this sector, having only averaged about two to three sales per annum in recent years.
A fully rebuilt five bedroom house at The Range with views over the city and mountains has been recently sold for $1.3 million. 
Sitting on a 1,809 square metre landscaped yard, the house at<a href="https://www.realestate.com.au/sold/property-house-qld-the+range-130927290" target="_blank"> 102 Caroline Street</a> (pictured below) comprises open plan living, kitchen with butlers pantry, master suite, and four additional bedrooms.
Other features include entertaining area, inground pool, office nook, solar water and triple garage. 
<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/2019/7/1/the%20range%201.jpg" alt="">
The mid-range sector of the market ($250,000 to $400,000) is tracking reasonably well, especially owner-occupier homes which have been well maintained and well presented.
"Rental properties on the other hand are often much more difficult to sell as they generally take longer and are often sold at a higher discount," the valuation firm said. 
The lower end of the market (sub-$200,000) still appears to be under duress, with a high number of listings of inferior quality stock.
This has continued to keep prices down and recovery in this sector still seems to be some way off however on a brighter note it does appear as though the number of bank re-possession sales is on the decline.
"Also of note is that new housing construction seems to have been somewhat buoyant in the first half of 2019, with Norman Gardens in particular seeing an increase in new homes compared to the same periods in 2017 and 2018," the valuation firm said. 
A Norman Garden master-planned estate display home is currently on the market with $445,000 hopes. 
Set on a 526 square metre lot near bushland pockets, the display home at<a href="https://www.realestate.com.au/property-house-qld-norman+gardens-131461622" target="_blank"> 1 Chestnut Avenue </a>(pictured  below) comes with four bedrooms, study/office, open plan kitchen, dining and living area, and double lockup parking. 
It's located about 12 minutes to city centre.
<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/2019/7/1/norman%20gardens.jpg" alt="">
"In summary, we feel the local property market has hit the bottom and is in the process of recovery.
"In terms of performance, we think the first half of 2019 would rate as a six out of ten and hopefully this continues to improve throughout the back half of 2019." 
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Rockhampton residential market in recovery: HTW residential

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The decline in dwelling approvals appears to be losing momentum, the HIA chief economist Tim Reardon advised after the latest Australian Bureau of Statistics release of its monthly building approvals data covering all states and territories.
Approvals in May 2019 were up by 0.7% from the previous month.
The improvement was led by multi-unit approvals (+2.1%) with detached house approvals down marginally (-0.2%), noted Reardon.
"Recent positive news relating to house prices and new home sales has started filtering through," he said.
"Even if this isn’t the bottom of the cycle the pick-up in new home sales in May suggests the pace of decline is slowing.
"We’re hopeful market confidence has improved following the Federal election and retention of current property taxation arrangements.
"Back-to-back interest rate cuts from the RBA and the pending reforms to APRA’s mortgage lending guidelines should act to minimise any further contraction in residential building."
Seasonally adjusted building approvals in May 2019 were up by 14.4% in Victoria and were flat in NSW.
Approvals declined in Tasmania (-1.2%), South Australia (-2.9%), Western Australia (-4.7%) and Queensland (-6.3%).
In trend terms, approvals in May lifted by 7.2% in the ACT and were down by 6.1% in the Northern Territory.
<a href="https://www.propertyobserver.com.au/images/2019/7/4/building%20approvals%20.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/2019/7/4/building%20approvals%20.jpg" alt="">
Source: HIA 
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Housing downturn loses momentum as good news rolls in: HIA 

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Brisbane's first half of this year has been more conservative than progressive, according to the latest Herron Todd White (HTW) residential report. 
"As far as property markets go in 2019, it’s fair to say we’ve been less dramatic than our southern cousins – but in a good way," the valuation firm said. 
"The general consensus among our valuers is that Brisbane has been a steady performer across the board.
"There was some minor price softening in our markets, but not enough to give owners the jitters.
"In addition, when compared to some of the country’s larger markets, we were probably considered a stellar performer by some."
The report noted that while many of their metrics have looked promising for growth at the start of this year, forces pulled in the other direction too.
"We are affordable in comparison to southern capitals –so the draw for borderless investors and lifestyle nomads is strong," the valuation firm stated.
"You only need to check out Queensland’s rising net interstate migration numbers to appreciate what’s going on.
"Another plus is infrastructure projects, both underway and planned, that are set to boost our employment prospects while also improving lifestyle for residents."
That said, the tough lending environment played its part.
"Top this with a good dose of federal election market paralysis, and you might see why Brisbane – even with all its positives – still couldn’t break free and run hard," the HTW report noted. 
"Of course, with the election over and APRA starting to relax borrowing guidelines, it could be brighter times in the months to year’s end. 
"So, let’s drill down a little."
The HTW team noticed the credit crunch of tighter lending hit the sub-$2 million market the hardest.
While there were still enough buyers with the desire to purchase in this bracket, their aspirations were slowed by loan rejections.
The result has seen properties sitting on the market for longer than in previous years and, in some instances, asking prices are being reduced slightly to achieve a sale.
According to the report, another interesting occurrence which reflected on tough finance has been changes to sale conditions.
"This manifested in the rise of finance clauses that were regularly running at 21 to 30 days," the valuation firm said. 
"This is fairly lengthy when compared to previous years where seven to 14 days finance was all that was needed."
One of the bright sparks in Brisbane market was property priced above $3 million.
It seems that many of these purchasers were immune to finance, politics and other economic bad news – sales are still performing well across many suburbs.
A recent above $3 million sale was a South Brisbane penthouse redesigned by award-wining building designer Chris Clout.
As the only rooftop apartment in South Bank, the apartment at<a href="https://www.realestate.com.au/sold/property-apartment-qld-south+brisbane-130491942" target="_blank"> 2201/289 Grey Street</a> (pictured below) with 280 degree views has been sold for $3.28 million.
It comes with three bedrooms, living area, kitchen with integrated appliances, and infinity edge pool with wet bar. 
<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/2019/6/27/s%20brisbane%20.jpg" alt="">
"Looking at property types and our market continued to tread cautiously in relation to high-rise units – particularly investor stock.
"It’s true that the oversupply fears have eased somewhat.
"Prescient developers who, a few years back, could see problems looming, decided to mothball projects, sell off sites or reconfigure stock." 
That said, there is still a good supply of available apartments in Brisbane and there’s also limited to no demand from foreign, local or interstate investors for this stuff.
As such, the value softening continued.
Owner-occupier boutique product completed to a high standard was, on the other hand, holding up pretty well, although development sale rates would be considered historically low.
"If you were purchasing a unit at the start of 2019, hopefully it was one that would appeal as much to owners as it would to investors," the valuation firm said. 
According to the valuation firm, the first half of this year has also seen rentals start to bounce back and increase slightly and gradually.
This will be a relief for landlords who were trying to sit tight and stay calm during tougher lending times.
A three bedroom parkside apartment located within minutes to Brisbane CBD has been listed for lease for $745 a week. 
The first floor apartment at <a href="https://www.realestate.com.au/property-apartment-qld-brisbane+city-426544002" target="_blank">7084/7 Parkland Boulevard</a> (pictured below) comprises two bedrooms, third bedroom or study, open plan living and kitchen area, and north-facing balcony with views of parklands.
The building features lift access, pool and gym.
<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/2019/6/27/brisbane%20.jpg" alt="">
Finally, the past six months in new house and land, particularly in large outer suburban estates, slowed in terms of sale rates.
"So, what surprised us the most in this first six months of the year? Well, the election result seems to have caught many off guard.
"We know a few in the industry were resigned to the idea that a new government would bring tax changes to the property sphere, but that turned on a dime the Monday after election weekend.
"In fact, the feeling is pent up demand for investing in real estate will be released as we travel through to the end of the year.
"This may well result in improved values too, but let’s report on that when December rolls around."
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Brisbane sees strong performance in over $3 million sales: HTW residential 

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Mosman in Sydney and Bentleigh East in Melbourne are the busiest suburbs for auctions this week, with nine auctions scheduled to go under the hammer each.
Upcoming auctions
Auction volumes are expected to fall across the combined capital cities this week with CoreLogic currently tracking 879 auctions, down from both last week (1,295) and this time last year (1,411).
Melbourne is expecting to see around 350 homes taken to auction this week, down from 535 last week and 631 last year. Sydney is also set to host a lower volume of auctions week-on- week with 343 auctions scheduled, down from 503 last week and 552 this time last year.
<a href="https://www.propertyobserver.com.au/images/2019/7/4/auction%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/2019/7/4/auction%202.jpg" alt="">
Source: CoreLogic
<a href="https://www.propertyobserver.com.au/images/2019/7/4/auction%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/2019/7/4/auction%203.jpg" alt="">
Source: CoreLogic
Across the smaller auction markets, Adelaide, Brisbane and Perth are expecting fewer auctions week-on-week.
Canberra will see a rise in auction volumes this week with 58 homes scheduled for auction, while Tasmania is expecting to host an additional auction over the week.
A two bedroom art deco apartment close to Mosman Village has been scheduled to go under the hammer on July 6.
It has been listed by Claudia Portale of McGrath Lower North Shore Mosman with a price guide of $750,000.
The 80 square metre top floor apartment at<a href="https://www.realestate.com.au/property-apartment-nsw-mosman-131370066" target="_blank"> 1/482 Military Road</a> (pictured below) comprises open living/dining area, kitchen with dishwasher, two large bedrooms, and tiled bathroom.
It's within walking distance to bars, cafes and restaurants and close to Balmoral Beach. 
<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/2019/7/4/mosman%201.jpg" alt="">
Another upcoming auction on July 6 is a new four bedroom townhouse in Bentleigh East with a price guide of $1.1 million to $1.15 million.
Kosta Mesaritis and Tina Verni of Jellis Craig Bentleigh have the listing.
The townhouse at <a href="https://www.realestate.com.au/property-townhouse-vic-bentleigh+east-131342154" target="_blank">40A Goodrich Street </a>(pictured below) comes with four bedrooms, open plan entertaining area, stone kitchen, and easy care gardens.
It's within close proximity to Mackie Road shops, cafes, and park. 
<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/2019/7/4/bentleigh%20east.jpg" alt="">
Summary of Last Week’s results
Last week, 1,295 homes were taken to auction across the combined capital cities, returning a final auction clearance rate of 62.9%, the highest clearance rate recorded since April last year and the third consecutive week where the clearance rate has held above 60.0%. Over the previous week, 1,484 auctions were held and a clearance rate of 60.5% was recorded, while one year ago, 1,671 homes were taken to auction returning a clearance rate of 52.6%.
Melbourne saw 535 homes taken to auction last week, down from 635 the previous week. The final clearance rate for Melbourne was similar week-on-week with last week’s clearance rate recorded at 68.6%, compared to 68.9% over the previous week. Melbourne’s clearance rate one year ago was 57.2% across 791 auctions.
In Sydney, 503 homes went to auction across the city last week returning a final clearance rate of 67.9%, the highest clearance rate the city has seen since Easter 2018. In comparison, 558 homes were taken to auction over the previous week and the clearance rate came in at 60.9%. Over the same week last year 634 auctions were held in Sydney while the clearance rate was a lower 49.7%.
Across the smaller auction markets, Canberra was the only city to see a fall in clearance rates week-on-week.
Of the non-capital city auction markets, the Gold Coast had the highest volume of auctions (62) last week, while the Geelong region was the best performer in terms of clearance rates with 66.7% of reported auctions recording a successful result.
<a href="https://www.propertyobserver.com.au/images/2019/7/4/auction%20result%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/2019/7/4/auction%20result%201.jpg" alt="">
 
<a href="https://www.propertyobserver.com.au/images/2019/7/4/auction%20result%202%20.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/2019/7/4/auction%20result%202%20.jpg" alt="">
Source: CoreLogic
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