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

Joel Robinson

First look: HSN, Rebel, advances Woolloomooloo precinct plans

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

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

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

Juliet to sit quietly amid Roseville apartment boom

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

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

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

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

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

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

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

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

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

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

Off-the-plan apartment sales on the Gold Coast jumped in the recent quarter to be some 45 per cent higher than the prior quarter, according to property consultant company Urbis’ latest figures.

The Gold Coast has five of the top 10 best-selling projects nationwide.

Urbis senior consultant Lynda Campbell said it had “definitely been a good start to the year”.

The report, released today, found new apartment activity in the first quarter of 2019 was up by more than 70 sales from the December 2018 quarter.

“Most of the developers on the Gold Coast are meeting the market,” Ms Campbell told The Gold Coast Bulletin.

“The top-selling projects have been boutique and targeted at owner-occupiers and that’s what the market is looking for at the moment.”

There were 231 new apartment sales recorded from January to March.

Two-bedroom, two-bathroom pads made up 65 per cent of sales.

There are 2800 apartments under construction on the Glitter Strip, of which 62 percent are earmarked for completion this year.

The report found interstate investors have held back in 2019, claiming 25 per ent of sales, down from 42 per cent in the final quarter of 2018.

Foreign investors secured almost a quarter.

The southern beaches precinct, which stretched from Mermaid Beach to Tweed Heads, had more than 60 per cent of sales for the quarter – the highest level ­recorded for the area in the past five years.

In the first quarter last year the stretch only accounted for 25 per cent of sales.

It was also home to all of the four new projects launched across the Gold Coast.

<a href="https://www.domain.com.au/mali-residence-4-6-alexandra-avenue-broadbeach-qld-4218-2014829266" target="_blank">Mali, the new 55 apartment block developed by Dankav</a> has six of its levels having only three apartments per floor.&nbsp;The curved BDA Architecture-designed building is set to be completed in mid 2020. It has a residents swimming pool on level nine, half way up the 17 level tower, located right on the border of Broadbeach and Mermaid Beach.

Knight Frank director and Queensland head of project marketing Chris Litfin, noted many developers had bought land between Mermaid Beach and Tweed Heads because it offered better value compared to other blocks closer to existing infrastructure.

“They can provide a product near the beach at a low price point,” he said.

The majority of those developments were considered boutique, which Mr Litfin said included between 60 and 120 apartments.

The report noted an average sales price of $788,312.

The number of cranes from apartment projects on the Gold Coast skyline has surged.

There are 30 cranes on the Glitter Strip – seven more than six months ago - according to the latest Rider Levett Bucknall Crane Index.

The director of RLB’s Gold Coast office, Jim Krebs, said the Gold Coast has the fifth highest number of cranes in Australia after Sydney, Melbourne, Brisbane and Perth.

Krebs noted there had been a fall in the value of residential construction projects starting and underway, with a shift towards smaller mid-rise towers.

The newly installed cranes included Vue Apartments and Elysian in Broadbeach while cranes were removed from the 40-level Qube in Broadbeach. Every light in the Qube was switched on for half an hour on one night in January earlier this year to celebrate the finished product.&nbsp;

An earlier Urbis report found the average sale price for the new boutique offerings had jumped $100,000 to more than $700,000 since 2017. &nbsp;

In part it is because developers have been offering a bigger apartment size, blocks no longer modelled on a hotel, where apartments are squeezed in to every level.

Nowadays developers often design four apartments per floor which allows each to occupy a corner of the building which offers two different viewpoints.

The other trend is whole floor.

31BB, named after its address at 31 Broadbeach Boulevard, has committed to this grander scale, the whole floor offering.

The $65 million Woods Bagot-designed&nbsp;project has 22 apartments across its 20 levels.&nbsp;

There are just eight remaining.

Selling agent&nbsp;Andrew Bampton&nbsp;says the buyers are typically aged 45 and over who are either downsizing or rightsizing as they say now, but still want size, luxury, quality interiors and an oceanside location.

"They are not retiring from life but are looking for a lock and leave lifestyle with no maintenance, in proximity to dining and entertaining options," Bampton says.

Bampton says the other key buyer group is a similar age, however are setting the apartment up as their second residence.

"People from Brisbane, Sydney and Melbourne have taken a keen interest in 31 Broadbeach," Bampton suggested, adding it was owner occupier only.

31BB is slated for completion next year by Optimus Developments which is headed by Andrew Karpati.

“Broadbeach already has a strong sense of community," Karpati noted.

A 305 sqm, three bedroom, three bathroom beach house takes up the ground floor, while the top floor is occupied by a four bedroom penthouse.&nbsp;

Both have their own pools. The beach house is still for sale.

The residents communal amenities sit on level 20, where there's a 15 metre heated lap pool.&nbsp;

On launch the full-floor 280 sqm residences featuring three bedrooms and three bathrooms started from $3.05 million.

In recent years Broadbeach has seen billions proposed in investment, led by the upgrade to The Star Gold Coast Casino. More than $2 billion will be spent with up to seven towers rise on the site. It follows the $670 million expansion and renovation of Pacific Fair Shopping Centre. Broadbeach was in the second stage of the Gold Coast Light Rail.

There's around 6500 apartments at Broadbeach which is set for the imminent launch of its highest beachfront residential tower, the 54 floor, 170 metre CLASS Broadbeach.

It will sit next to the area's current tallest building, the eastern Oracle tower.

CLASS Broadbeach will have 46 apartments, including 34 full-floor three bedroom apartments. There will be five two-level sky homes and a three-level penthouse.

It might not be the tallest as veteran developer John Potter has plans for a 68-storey twin super tower fo 2022 completion.

Vue Broadbeach by Andrews Projects, is nearing completion and nearing a sellout.

The $75-million First Avenue tower Vue, due to completed later this year, has achieved a 90 per cent sales rate. &nbsp;

Its penthouse fetched $5 million

The elliptical-shaped building has 71 apartments over 25 levels with a typical four apartments per floor.

The remaining apartments are two and three bedrooms, with open planned living spaces and ocean views.

"We are seeing a trend of local over 50’s looking to downsize, and Brisbane buyers looking for quality lock up weekenders," sales executive&nbsp;Sarah Andrews said.

Proximity to the Broadbeach Bowls Club was a major factor for one retired couple who will be downsizing from their large Clear Island Waters home.

It’s the sixth highrise project for the local family developer Andrews Projects, and their first in Broadbeach, which will be followed by Encore, a $78 million apartment building on Britannia Avenue which will have 86 residences across 25 storeys expected to be completed by late 2020.&nbsp;

Elysian, the $79 million Spyre Group project, will also a typical four per floor configuration across the 21 level luxury tower, set on the beachfront reserve Old Burleigh Road opposite Pratten Park.&nbsp;Elysian will have 61 apartments including two half-floor sub-penthouses starting at $3.4 million and two full-floor four bedroom, four bathroom penthouses priced at $4.7 million.

Sprye has installed new technology My Butler, a 24/7 virtual concierge which can book Elysian facilities, transport, cleaners and a car-wash among other services.

My Butler also has a building events calendar, along with the Elysian community portal which will have up to date notices on the building and its management.

Its basement car parking also features innovative technology, the Gold Coast’s first residential hi-tech automated vehicle storage system.

There have been amalgamations by some off the plan buyers, including Sydney couple who had not visited the Gold Coast in more than a decade, but will soon be able to visit whenever they want having amalgamated two apartments&nbsp;giving them a four-bedroom, three-bathroom holiday residence.&nbsp;

Elysian&nbsp;Broadbeach&nbsp;is now 80 percent sold with construction by Hutchinson Builders expected to be completed in early 2020.

CBRE director of residential projects Nicholas Clydsdale sold 25 apartments in the first three months of marketing in early 2018.&nbsp;

Its three bedrooms are priced from $1,340,000.

Koko at Broadbeach will have four apartments per floor throughout its 31 level tower by Morris Property Group.

The 100 apartment boutique development at 12-14 Elizabeth Avenue included five, three-bedroom half-floor sub-penthouses.

The level five, resident-only floor features Koko's resort-style amenities such as a pool, spa and a yoga lawn.

Half of the 94 two bedroom apartments are sold.

Chris Litfin is handling the marketing for the developer Barry Morris.&nbsp;

Litfin said owner-occupiers had been spurring the top end of the Gold Coast market.

“While once luxury would have been totally categorised as penthouses and sub-penthouses, now luxury is wrapped in the location and the amenity of the offering."

Since 2002 there have been around 125 sales above $2 million in Broadbeach, topping out in 2015 at $8 million in Oracle, which accounts for around a quarter of the luxury sales.

Off-the-plan apartment sales on the Gold Coast jumped in the recent quarter to be some 45 per cent higher than the prior quarter, according to property consultant company Urbis’ latest figures.

j.ballantyne1990-6AQqhLzZaK

Interstate buyers decline amid surging Gold Coast OTP apartment sales

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A four bedroom two bathroom Nickol, WA mortgagee has sold following an April auction.
The house sold for $600,000, $50,000 below the asking price of $650,000.
Tiffinie Guillesser of LJ Hooker held the listing.
Situated at <a href="https://www.realestate.com.au/sold/property-house-wa-nickol-130828054" target="_blank">10 Brolga Meander</a>, the brick home features a double wide carport.
Set on 630 sqm, the one story house was constructed in 2009.
The property was listed as a rental throughout 2015 and 2016 with the asking price starting at $1,300/pw from April till June of 2015 before being cut to $950/pw in August 2015.
It was reduced again to $850/pw in September 2016 where it remained. 
<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="/news">Nickol</a> is $382,500, according to CoreLogic, which calculate its annual change in median price over the past 10 years as -6.1%.
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Four bedroom Nickol, WA mortgagee home sold

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Governments have seeded many key infrastructure projects throughout Australia, and the growing list of transport projects is painting a positive picture for the nation’s ability to absorb population growth, according to Urbis' latest report.
Across the national apartment market, Urbis found that 7% of available stock surveyed sold in the first quarter of 2019, continuing the downward trend from 2018.
Urbis Group Director, Clinton Ostwald, said “It is likely that we will see the floor of the sales valley in 2019 with a potential increase in sales activity in 2020.
“The nation is investing heavily in transport infrastructure to improve amenity in our cities, which will help support demand along corridors such as Sydney’s North West Metro and Eastern Suburbs Light Rail.”
While buyers await delivery of new infrastructure, Sydney recorded the lowest sales rate with only 4% of available stock surveyed selling during the quarter. Melbourne and Brisbane both recorded a sales rate of 7% down on rates seen in the past 12 months. The Gold Coast outperformed the major cities recording 230 sales, equating to 9% of available stock.
Stock
Urbis research shows approvals numbers decreasing each quarter over the past 12 months. The number of developments achieving minimum presale levels has also declined, resulting in a large pipeline of approved projects they feel are unlikely to move to construction in the near future.
They believe that given ongoing population growth from natural increase and migration, we are likely to see a shortage of new housing emerge over the next 12 to 18 months.
Melbourne’s Westgate Tunnel will uplift the Inner West and Western Corridor with approximately 7,500 apartments approved in these precincts.
Brisbane’s Cross River Rail in the Inner South will see a similar pattern where there are over 8,000 approved apartments.
In the longer term, Urbis expect that areas around West Metro in Sydney, Metronet in Perth and Metro Rail Tunnel in Melbourne will see increased apartment activity.
Buyer Profile
Owner occupiers have continued to be the most active buyers in the Australian apartment market, accounting for 51% of buyers in Q1 2019.
Foreign investors have been pushing sales in Sydney, Perth and the Gold Coast, accounting for over a quarter of buyers, but have dropped in Brisbane.
Interstate investors were interested in the Gold Coast (25%) and Melbourne (11%) whereas Sydney, Brisbane and Perth appealed more to local investors.
URBIS CITY SNAPSHOT
6.7 % of the surveyed available stock was sold in the January quarter across the five markets:
<ul>
<li>Sydney (4% of available surveyed stock sold, 485 new apartments launched)</li>
<li>Melbourne (7% of available surveyed stock sold, 295 new apartments launched)</li>
<li>Brisbane (8% of available surveyed stock sold, no new apartments launched)</li>
<li>Perth (6% of available surveyed stock sold, 161 new apartments launched)</li>
<li>Gold Coast (9% of available surveyed stock sold, 164 new apartments launched)</li>
</ul>
National weighted average sale price recorded at $726,329 for Q1 2019
<ul>
<li>Sydney – $1,091,935</li>
<li>Melbourne – $621,246</li>
<li>Brisbane – $638,409</li>
<li>Perth – $604,212</li>
<li>Gold Coast – $787,608</li>
</ul>
The most popular product type was two-bedroom, two-bathroom product at 46% of total sales. Across the cities the highest selling product types were:
<ul>
<li>Sydney – Two-bedroom, two-bathroom apartments – 41%</li>
<li>Melbourne – One-bedroom, one-bathroom apartments – 50%</li>
<li>Brisbane – Two-bedroom, two-bathroom - 56%</li>
<li>Perth – Two-bedroom, two-bathroom – 43%</li>
<li>Gold Coast – Two-bedroom, two-bathroom – 63%</li>
</ul>
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Owner occupiers accounted for 51% of apartment purchases lastest quarter

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GUEST OBSERVATION
<hr>
The world’s current tallest skyscraper is the Burj Khalifa in Dubai. It’s 828 metres tall, which is over two-and-a-half times as tall as any skyscraper in Australia.
However, there is a skyscraper being built in Jeddah, Saudi Arabia, that will be over 1,000 metres tall when it’s finished. This will be the first building to ever rise over a kilometre high. It will also have 167 floors on top of each other!
So, how tall could we build a skyscraper? It would be difficult, but we could probably build a tower over 2,000 metres tall, which would be like ten normal skyscrapers on top of each other!
This is probably not a very good idea though. Building such a mega-tall skyscraper would use a huge amount of concrete and steel. Using lots of these materials when we don’t need to can be bad for the environment. It’s usually much better for the environment if we build smaller skyscrapers, maybe up to 300 metres tall.
In fact, there are lots of challenges when you design and build a mega-tall skyscraper.
Stopping the wind
The biggest difficulty is the wind. It blows on a skyscraper and tries to push it over, so you need to design a structure that keeps the building stable. The wind can also make a tower sway from side to side, so that people at the very top can even feel seasick.
Architects and engineers have lots of technologies to help stop this. Some of the tallest skyscrapers in the world have a giant pendulum at the top, inside the building, called a “tuned mass damper”.
<a href="https://images.theconversation.com/files/273734/original/file-20190510-183083-1ecnawq.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/273734/original/file-20190510-183083-1ecnawq.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Here’s the tuned mass damper inside a very tall building in Taiwan called the Taipei 101 building. <a href="https://www.flickr.com/photos/rinux/2885421716/in/photolist-786x47-RrdhD-7L5rCf-cdadfE-9iWdLQ-isybyW-iq7AUJ-YMxAgb-5XS9AE-iq7uzQ-isxwRR-iq7xxU-isxND1-isxDju-isymzp-iq7st5-isyenS-isy5sY-71aoRR-iq7cEM-TwioMU-5vz76u-fQnMnK-uN592-fQnLhg-71epUy-iq8ajk-71ec27-4t7LZu-isxG3W-BxzS3-isxkUv-iq7ooj-47K2XM-22ybMDL-25X2Bnr-24zTwBZ-9x5PmD-5oUef8-5oYwzS-RpBdW-yUyNB6-5oYv7S-5VgHEu-5oYs5o-5oYxmh-69mpPE-5oUbkV" target="_blank">Flickr/riNux</a>, <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">CC BY</a>
Imagine a ball of steel the size of a house hanging from ropes inside a skyscraper. When the wind blows, the pendulum swings back and forth, absorbing the energy of the wind, to stop the building swaying.
Other buildings have pools of water at the top. When the wind blows it makes the water slosh around. Giant paddles in the pool absorb the water’s movement, which stops the building from swaying.
Another way to stop the wind is to use a clever skyscraper shape. When the wind blows on a skyscraper it creates swirls of air called vortices – like whirlpools in the sky.
<a href="https://images.theconversation.com/files/273735/original/file-20190510-183083-1g72pb7.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/273735/original/file-20190510-183083-1g72pb7.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
The Burj Khalifa building in Dubai is thin at the top and wide at the bottom, with giant steps down the side. <a href="https://www.flickr.com/photos/103252903@N02/11869658586/in/photolist-j5T6XY-bvr8eu-2bdB2Ch-ssZPHD-sbz7eZ-ed12bb-s9FWWX-ssYYoM-ssZG5H-rwdq5T-s9GeMa-rw1Ruf-sqJApS-sbzvPK-sbz26x-bvr7sA-ssRVyo-sbqZFy-sbsCT9-s9GaN8-st2iQc-sbyXCF-972TXn-9mFgfn-s9GDzk-9r5pz2-ssRyyh-ssZdct-sbs8ZN-s9GJ9R-drKBAV-rwcyVF-s9FATv-ssReuA-rwd8Wa-rwcKLP-sbsE6s-s9G5Gr-sqJsv5-sbywGP-st2aGt-sbqQSw-sqHUpw-ssR47w-dRA4ND-sbqw5m-FhbBWd-sbtfYW-sqJfXq-s9GLsi" target="_blank">Flickr/Adam</a>, <a href="http://creativecommons.org/licenses/by/4.0/">CC BY</a>
If these happen regularly, it can make the building sway back and forth. The Burj Khalifa building in Dubai is thin at the top and wide at the bottom, with giant steps down the side. The steps make the vortices happen at different heights to help stop the building from swaying in the wind.
Getting to the top
Another big challenge is how do you get to the top of a building that is one kilometre tall? Walking up the stairs isn’t an option as there would be more than 3,000 steps!
Taking the lift would be a good idea, but you’d need a very fast lift. Otherwise it would take ages to get up or down the building.
Some of theses lifts can travel at 70km/h, the speed of cars on a highway. At that speed you would go past five floors every second and soon be at the top.
You would also need lots of lifts in a kilometre-high skyscraper. The Jeddah Tower will have 59 of them! They will have super-strong carbon fibre ropes to carry the lift, as normal ropes just aren’t strong enough.
<iframe src="https://www.youtube.com/embed/MP_dFzClszU?wmode=transparent&amp;start=0" frameborder="0" width="440" height="260"></iframe>

Philip Oldfield, Associate Professor in Architecture, UNSW
<hr>
This is part of <a href="https://theconversation.com/au/topics/curious-kids-36782" target="_blank">Curious Kids</a> - a series by The Conversation for children. 
 
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/curious-kids-whats-the-tallest-skyscraper-its-possible-to-build-116817" target="_blank">original article</a>.
Main photo: The world’s current tallest skyscraper is the Burj Khalifa in Dubai. It’s 828 metres tall. But we could go taller. <a href="https://www.flickr.com/photos/tesking/35230242163/in/photolist-VFbcAk-XUwxV5-ddWzVn-ecUobg-thKs8D-p8yc7Z-p8z4Nh-9zaphZ-nzgdq2-aXCFxn-a1rTEu-W7zGAC-qruL8A-qoNCRS-CXF6CY-27gVqk6-WDDTV7-6W5U5M-oXJ8SW-fenkop-bDhUuj-qxQWBt-qkvvXv-dCdUpG-9eazzw-p9wSmd-DpMPAx-eLGTUf-9Xr1s9-pNTkKD-dxMWP5-qNgEsP-nCzh2J-miNEiK-7y39vZ-8o5KK2-bmqe9s-bjisJK-9xbm7r-qcZa6i-8XtsnC-GZYtsF-QLC74r-r4DkEj-9xbn3P-wwN58s-8UZLaq-q6hhD2-q69S27-22Kt5pu" target="_blank">Flickr/Cristian Viarisio</a>, <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">CC BY</a> <a href="https://theconversation.com/profiles/philip-oldfield-140685" target="_blank">Philip Oldfield</a>, <a href="http://theconversation.com/institutions/unsw-1414" target="_blank">UNSW</a>
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What’s the tallest skyscraper it’s possible to build?

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EXPERT OBSERVER
When brothers Ben and Rob Coorey created the technology to analyse the profitability of potential development sites within seconds, they had a choice.  
They could keep it to themselves and go on to become two of Australia's richest developers. Or, they could share it with the world and make real estate investment, development, and design much easier and more transparent for everyone.
They chose the latter.
Not that they haven't also benefitted. Their business, <a href="https://archistar.ai/" target="_blank">Archistar</a>, has raised millions from investors such as the former Foxtel chief executive Peter Tonagh, ex-CoreLogic managing director Graham Mirabito, and former CEO of CBRE Australasia Tom Southern.
"Our tool evaluates development opportunities for your property and assesses its potential market performance,” Ben Coorey told me in a conversation last week. "A consumer, developer, architect, or council … anyone can benefit if they need to assess designs."
MAKING NEIGHBOURS RICH
Archistar can even turn a handful of neighbours into millionaires.  
As Coorey pointed out, the most important part of real estate development is to understand what the rules are for your site. His tool gives you exactly that information.
Coorey say, "Our software allows you to piece together a number of neighbouring lots and determine what you could build if they were combined.”
A group of eight neighbours in Castle Hill secured $5 million each by selling all their homes in one go. The developer who bought the land plans to build a unit project. Since the average price in Castle Hill is about $1.3 million, the vendors earned about a 300% profit by informing themselves about the development potential of their property.
That kind of windfall shows why Archistar’s tool is so valuable. But I don’t think the Coorey brothers are in it for the money. 
Talking to Ben, I got the sense that what really motivates the Cooreys is getting their arms around complex problems and then solving them. The fact that they made their development analysis tool publicly available is proof. (You can get a free, basic analysis of your own home on their website, https://archistar.ai.)
More proof that the Archistar team is motivated by a good challenge rather than a fast buck comes from the fact that they decided to take on the challenge of developing automated reports based on the arcane rules of a 3,000-year-old practice that has been called both science and superstition.
DOES YOUR HOME HAVE GOOD FENG SHUI?
“We wanted to democratise the principles of Feng Shui so that anyone, anywhere could get an instant Feng Shui analysis of their floorplan,” Coorey told me.
How hard was that? 
Very. 
Archistar spent 12 months developing a one-of-a-kind artificial intelligence engine that makes the Feng Shui analysis possible. To start with, they had to understand the principles of Feng Shui. Then, they had to digitize them, create algorithms that can analyse any floorplan according to those rules, and design a system that uses those algorithms to provide useful insights that allow you to fix whatever Feng Shui problems your home might have.
"We had to translate over 500 rules from ancient Chinese Feng Shui texts that go back hundreds of years," Coorey said. The sources they consulted also included some recent page-turners such as Human Habitat and Feng Shui (人居环境与风水), Modern Residential Feng Shui (现代住宅风水), and Chinese Wisdom Feng Shui's Application (国学智慧-风水文化应用篇) by Professor Yu Xixian.
"From those texts, we put together a set of Feng Shui rules," said Coorey. "Then we take apart floorplans and use these rules to evaluate the Feng Shui of each one."
To test its new Feng Shui analysis tool, Archistar looked at The Lodge, the official Canberra Prime Minister’s residence which has been home to leaders such as Robert Menzies, Malcolm Fraser, Bob Hawke, Gough Whitlam, Paul Keating, and John Howard.
Archistar’s Feng Shui analysis found that the 1927 building generally abides by Feng Shui principles. It’s not that the original architects consulted a Feng Shui expert when designing The Lodge.
“Sometimes, a design has good Feng Shui even though the architects didn’t know anything about the practice,” said Coorey. “Good design can transcend cultures.”
Juwai.com, where I am chairman, now provides Archistar’s Feng Shui reports to our Chinese international property buyers.
WHICH CITY RULES?
As Archistar analyses the Feng Shui properties of more and more floorplans, Coorey expects to be able to draw conclusions about entire cities.
“As we build a database of floorplans, you can start to collect insights on regions, countries, and cities. Up until this point, you haven’t had the analysis in a common format that you could compare. Now, we have a standard format to do so.”
I asked Coorey which Australian city he thought would come out on top in the Feng Shui competition. 
Do buildings in Melbourne have better Feng Shui than Sydney? Does Brisbane beat Perth? And can Parramatta blame bad Feng Shui for the fact that the Eels came dead last in 2018, or is there a more nefarious cause?
Probably wisely, Coorey wasn’t willing to hazard an answer to any of these questions.
Georg Chmiel is the chairman of Juwai, a Chinese website for buyers of overseas property, was speaking to Ben Coorey, the founder and CEO of Archistar, a training centre teaching digital design skills for architects and engineers.
His regular column, getting into the leading minds of Australian property experts, has spoken with LJ Hooker agent Bill Malouf about the <a href="https://www.propertyobserver.com.au/forward-planning/advice-and-hot-topics/82193-georg-chmiel-chats-with-bill-malouf" target="_blank">ins and out of the Sydney market</a>, REINSW president Leanne Pilkington about <a href="https://www.propertyobserver.com.au/forward-planning/advice-and-hot-topics/83830-georg-chmiel-chats-with-reinsw-president-leanne-pilkington-on-women-in-real-estate" target="_blank">women in real estate</a>, developer Larry Kestelman about <a href="https://www.propertyobserver.com.au/forward-planning/advice-and-hot-topics/85169-georg-chmiel-chats-with-larry-kestelman-about-developing-your-first-property" target="_blank">developing your first property</a>, Harcourts boss Mike Green on <a href="https://www.propertyobserver.com.au/forward-planning/advice-and-hot-topics/86232-georg-chmiel-chats-with-harcourts-boss-mike-green-on-real-estate-investment-secrets" target="_blank">real estate investment secrets</a>, Ironfish chief Joseph Chou on <a href="https://www.propertyobserver.com.au/forward-planning/advice-and-hot-topics/87440-georg-chmiel-talks-with-ironfish-ceo-joseph-chou-about-whether-to-invest-in-today-s-market" target="_blank">investing in today's market</a>, liveability guru <a href="https://www.propertyobserver.com.au/forward-planning/advice-and-hot-topics/90628-georg-chmiel-talks-with-liveability-guru-cecille-weldon-about-unlocking-a-home-s-hidden-value" target="_blank">Cecile Weldon</a> and Hickinbotham Group's <a href="https://www.propertyobserver.com.au/forward-planning/investment-strategy/129-industry-leaders-give-their-property-insights/93219-georg-chmiel-chats-with-hickinbotham-group-s-michael-hickinbotham-about-the-home-building-family-business" target="_blank">Michael Hickinbotham</a>.
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jrobinson-rf4aSBido9

Georg Chmiel chats with Ben Coorey on how to turn neighbours into millionaires

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Hollywell is often overlooked in property searches due to its size and the well known surrounding suburbs, according to a recent Herron Todd White (HTW) residential report.
It is a small suburb located just below Paradise Point and just above Runaway Bay on the Gold Coast, Queensland.
It features canal front properties with bridge free broadwater access to a number of sites, as well as broadwater views.
"Whilst the suburb does lack quality shopping facilities, restaurants and cafes, it is within walking distance to suburbs that offer these," the valuation firm said. 
"Furthermore, public transport is readily accessible and runs straight through the middle of the suburb."
Price points within the suburb do range as the property mix comprises units, dry block houses and canal front houses.
"Over the past six months we have seen entry level two-bedroom, two-bathroom units being acquired for just under $400,000, dry block houses selling upwards from $525,000 and canal front properties with bridge free broadwater access from $900,000," the report said.
There was a recent $900,000 sale.
<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/2019/5/21/hollywell%201.jpg" alt="">
A circa 1980 five bedroom brick house at <a href="https://www.realestate.com.au/sold/property-house-qld-hollywell-129400990" target="_blank">361 Bay View Street</a>, Hollywell was sold for $900,000 (pictured above). 
The house features updated kitchen with timber floors, solar panels, concrete boat ramp, pontoon jetty and swimming pool.
Other highlights include north-east facing, 18 metre canal frontage with bridge free broadwater access, and 725 square metre land area. 
The property is positioned on a local thoroughfare road that runs through Hollywell, which is a detracting factor.
The property was on the market for 64 days and original asking price was $1.15 million.
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Hollywell, the often overlooked Central North Gold Coast suburb: HTW

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A Djugun home near Broome in Western Australia has been sold by the mortgagee in possession for $424,000, more than $50,000 less than what it sold for brand new over a decade ago.
The 700 sqm Banicoot Loop land parcel in the Roebuck Estate traded for $144,000 in 2005 before the <a href="https://www.realestate.com.au/property-house-wa-djugun-131001674" target="_blank">four bedroom home</a> was built a year later.
The home sold for $476,000 in 2006.
In 2012 it was listed with $685,000 hopes and didn't find a buyer.
Two years ago the home sought $549,000. Its most recent campaign through Ray White's Monique Bowen had it listed at $455,000.
A buyer was found in 25 days.
 
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Broome home sold by mortgagee for $50,000 less than 2006 price

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Sydney topped the rankings for Australia, with Brisbane, Melbourne and Perth all falling middle of the road for the cost of construction, according to a new report. 
The International Construction Costs Report 2019 from Arcadis, the global design and consultancy for natural and built assets, found that New York was the world’s most expensive city, followed by San Francisco and Hong Kong.
Sydney was the most expensive Australian city at 34, followed by: Brisbane (56), Melbourne (61) and Perth (62). The report details the relative cost of construction in 100 of the world’s leading cities. 50 cities were added to this year’s report, including Perth, making it the largest comparison of its kind.
According to the report, the cost of construction in Australian cities was heavily impacted by the economy, which continues to lose momentum since the latter half of last year, with GDP growth expected to be around 2.6% per year for the next two years.
Matthew Mackey, National Director, Cost and Commercial Management Australia Pacific, Arcadis: ‘‘In November 2018 Construction activity levels fell at their fastest rate in nearly four years. This was largely driven by an even steeper decline in the residential sector – although this was largely concentrated in Sydney and Melbourne. However, the total value of non-residential construction is expected to increase in 2019.
“Despite the slowdown in residential construction, the industry is particularly buoyant across the Eastern Seaboard – although this is again confined predominantly to Sydney and Melbourne” said Mackey.
“Cost pressures remain high industry-wide across Australia. This is due to several factors including a robust demand for construction materials, a lack of market competition, skills shortages, increasing energy and labour costs and elevated supplier prices due to strengthening commodity prices. The gap between value and cost continues to reduce and this demonstrates that profit margins will remain tight for both contractors and developers across the construction industry.
‘‘The limited availability of resources, at all levels of the supply chain, has become a major issue – particularly in Sydney and Melbourne where construction markets are quite heated.
‘‘Whilst construction activity in apartments and housing has stalled recently, activity in other sectors such as commercial, transportation and social infrastructure means that this decline is unlikely to be a precursor to an economic downturn.
‘‘The cycle of infrastructure construction is continuing to fuel price increases whilst also creating a significant demand for tradesmen to meet the current and upcoming workload. This demand will continue to put further pressure on both trade pricing and margins. Tender pricing will therefore continue to increase over the short term.”
Top 10 most expensive cities for construction:
<ol>
<li>New York City</li>
<li>San Francisco</li>
<li>Hong Kong</li>
<li>Copenhagen</li>
<li>Geneva</li>
<li>London</li>
<li>Macau</li>
<li>Zurich</li>
<li>Tokyo</li>
<li>Boston</li>
</ol>
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Sydney is Australia’s most expensive city for construction: Arcadis report

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Eastlakes Live has taken top gong for development marketing at the 2019 Asia Pacific Property Awards. 
Crown Group won the prestigious international industry award in the Five Star Development Marketing Australia category, up against competitors from all around the globe. 
Marketing launched last year for the landmark project, which is set to create an exciting new lifestyle destination close to Sydney’s best beaches and the eastern suburbs.
Eastlakes Live by Crown Group will transform the area into an urban village with a new retail and dining precinct.  
The development aims to set a new standard for retail excellence with two major supermarkets offering fresh food that reflects the cultural diversity of the neighbourhood.
There will also be a restaurant promenade, street cafes, a medical centre and landscaped gardens and children’s play areas. 
Stage one of Eastlakes Live will include 133 luxury apartments ranging from one-bedroom apartments to penthouses and 12 retail outlets below.
Resort-style health and fitness facilities include a 25 metre swimming pool, gym, barbeque facilities, function rooms, water feature, landscaped gardens, rooftop lounge and entertainment facilities.
Stage two will complete the new town centre with a mix of residential and retail components.  
<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/2019/5/21/Eastlakes%20Live%20by%20Crown%20Group_S040_EXT_POOL_FINAL2000-2.jpg" alt="">
Crown Group’s Marketing &amp; Communications Director, Ellie Cashman, said the award recognised the marketing team’s ability to think outside the box. 
“Crown Group is proud to have been the award winner in the 2019 Asia Pacific Property Awards for Five Star Development Marketing Australia category,” Cashman said. 
“The strategic use of digital marketing, guerrilla signage, social media and glamorous unveiling events have showcased this unique world-class development which captured the attention of people from around the world.” 
Designed by architects Francis-Jones Morehen Thorp (fjmt), Eastlakes Live by Crown Group has also won the DRIVENxDESIGN 2018 Melbourne Design Awards in the “Graphic Design – Identity and Branding – Lifestyle” category.  
The 2019 Asia Pacific Property Awards are open to residential and commercial property professionals from around the globe. 
A premium range of apartments is now available for sale at Eastlakes Live by Crown Group, from $679,400 to $1,948,000.
Penthouses are priced from $2,520,220 to $2,713,000.
Construction started in 2018.  
The display centre is now open daily from 10am to 4pm, located at 19a Evans Avenue, Eastlakes. 
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Eastlakes Live by Crown Group wins international marketing award

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Three bidders competed post auction for a Dandenong apartment block sold for $3.62 million.
The 16 in-one-line two-bedroom apartments were at 29 Stud Road.
The property sat on a 2,013 square metre land offering, with RGZ2 zoning with medium density development to 13.5 metres.
It was marketed and sold by Ray White Commercial Glen Waverley agents Ryan Trickey and Ben Ainsworth.
<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/2019/5/14/Stud%20Road%2029%20-%20outlined%20photos%20x43.jpg" alt="" style="font-size: 12.16px;"> 
Trickey said there was mixed interest as the property, on the market for the first time in 45 years, appealed to several buyer groups.
“Investors looked at yield, developers looked at highest and best use, and groups (like the buyer) looked at value add. This ranged from the high $2 million to low-to-mid $3 million,” he said.
“There was a genuine buzz around the auction, and it took 24 bids before the property was in a position to be sold, and it went to a commercial ‘re-conditioner’ who'll renovate the units and add value to the site.
“The property provides a strong reliable income and offered financial security and at fully-leased rental, the property produces $218,140 per annum with only one vacancy on-site right now.
“Being so close to amenities like Dandenong Plaza, Dandenong Market and the train station means there’ll always be a strong tenant demand for young families and professionals alike.”
Ainsworth said Dandenong was a proven re-development precinct with existing permitted construction underway in the local area.
“Being just 30 kilometres south-east of the Melbourne CBD, the property is within walking distance to all central Dandenong infrastructure,” he said.
“It offers excellent access to the Eastern Freeway, Monash Freeway and benefits from Dandenong train line and buses."
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