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?

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The decline in house prices over the last year and a half has seen positive sentiment for housing affordability reach a 13 month high, according to Finder's RBA Survey.
REA Group chief economist Nerida Conisbee said that due to positive sentiment trending upward for employment and stronger numbers reported in March a rate cut won't happen this month, but it's coming.
"While the likelihood of a cut is increasing, this month is still too early," Conisbee said. “If economic data continues to deteriorate, then we will likely see movement in the second half of the year," Conisbee said. 
Click here to enlarge.
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This feeling is shared by many on the panel with nearly all (35/36) experts and economists forecasting the cash rate to be held at 1.50% on Tuesday (2 April 2019) for the 29th consecutive meeting. Economist Stephen Koukoulas from Market Economics had predicted a cut today. "The economy has slowed, with the per capita GDP recession in the second half of last year probably continuing into 2019.  “Inflation is low and with the household sector under pressure from falling house prices, some policy stimulus is needed," Koukoulas said. Seventy-six per cent of those surveyed expect the next rate change, whenever it does happen, to be a decrease. This belief is consistent with the 75% who held this prediction last month.
 
 
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jonathanchancellor-7SQnKwU6yx

Housing affordability reaches 13-month high: Finder RBA Survey

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Experts and economist in the Finder RBA Cash Rate Survey have predicted there are more price falls to come across the country over 2019.
Sydney and Melbourne units, which have gone on relatively unnoticed in comparison to the major capitals declining housing market, are set to fair the worst.
The experts believe Sydney units will decline 7.7% across 2019, with Melbourne just behind at 7.6%.
Declines of this magnitude will see Sydney units drop to around $54,000 to a new median of $650,000. Melbourne's new median would be $509,000 after a $42,000 drop.
There's no better news for the Sydney and Melbourne housing markets, which are predicted to continue to fall.
Sydney's houses are to see a further 6.2% decline, the equivalent to nearly $58,000, according to the Finder survey.
Melbourne will fare slightly worse, with 6.5% declines predicted, bringing their median down by $49,000.
The only capital city predicted to have property prices increase this year is Hobart, with houses set to rise in value by 1.4%, the equivalent of a $6,500 increase.
Click here <a href="https://www.propertyobserver.com.au/images/2019/4/2/Finder1.jpg" target="_blank">to enlarge</a>.
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Graham Cooke, insights manager at Finder, said the cooling market could be just what some first-time buyers need to get on the property ladder. “With the highest median house and unit price in the country, it’s not surprising that Sydney is expected to be hit hardest by the property downturn. “If the predictions hold true, Melbourne and Sydney property still have another 6 to 8 per cent to drop this year. This means $60,000 more knocked off the average property price in Sydney.   
“While this makes it harder for existing homeowners to build up equity, it could make Sydney an attractive market for first-time buyers with a deposit saved,” Cooke said. Cooke said those thinking of getting into the property market over the next few years may be wise to hold out until prices have dropped further.  “Right now, there’s no need to jump on the first property you like. Use this time to save for your upfront costs.  “Look for value before you plunk down your deposit. Buying at the right time could potentially save you tens of thousands,” he said. 
 
 
 
 
 
 
 
 
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jrobinson-rf4aSBido9

Sydney prices to tumble a further $60,000 by 2020: Finder's RBA Survey

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An Upper Coomera, Qld mortgagee townhouse has sold following an unsuccessful auction campaign.
The three bedroom two bathroom property sold for $340,000 a $59,000 reduction on it's 2010 sale price of $399,000.
Glenn Batten of First National Real Estate held the listing.
Situated at <a href="https://www.realestate.com.au/sold/property-townhouse-qld-upper+coomera-130183298" target="_blank">3/12 Gumtree Crescent</a>, the circa 2010 built townhouse features a single car lockup garage.
Set on 156 sqm, the property set across two storeys was listed for $360,000.
Located minutes from both shopping options and schools the home is within 600 metres of the Upper Coomera State College.
The property was listed for rent through 2010 to 2014. During these years it was listed at $390 pw until mid 2012 where the asking rental price was reduced to $350 pw.
However in 2014 it was listed for rent at $450 pw.
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The median price for a home in <a href="/news">Upper Coomera</a> is $486,250 according to CoreLogic, which calculate its annual change in median price over the past 10 years as -0.5%.
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j.ballantyne1990-6AQqhLzZaK

Upper Coomera, Qld mortgagee townhouse sold for $60,000 loss

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A Hope island apartment is set to go under the mortgagee auction hammer on April 3.
The two bedroom three bathroom unit features one underground parking space. 
Mark Worthington of LJ Hooker holds the listing.
Situated at <a href="https://www.realestate.com.au/property-unit-qld-hope+island-130660170" target="_blank">1106/2 Activa Way</a> it is part of the Azzura Greens development.
With 155 sqm of floorspace, the property is inside the Hope Island Resort community.
Located adjacent to the Tennis Academy &amp; links to the Hope Island Golf Club it features a verandah.
Last sold in 2008 the apartment traded for $506,450.
It was listed as recently as 2017 initially asking for offers from $362,000 before reducing the price guide to $350,000 and being taken off market after 54 days.
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The median price for a home in <a href="/developments/hope-island-qld-4212">Hope Island</a> is $972,500 according to CoreLogic, which calculate its annual change in median price over the past 10 years as -2.5%.
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Hope Island, QLD apartment going under mortgagee auction hammer

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There was no game, set and match when a Brighton tennis court failed to find a buyer at weekend auction, after attracting just the one bid of $3.75 million.
The vendors at <a id="m_1632196101188182388LPlnk173799" class="m_1632196101188182388OWAAutoLink" href="https://protect-au.mimecast.com/s/tucWCmO5OnH1wWoOiGsxWv?domain=marshallwhite.com.au" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://protect-au.mimecast.com/s/tucWCmO5OnH1wWoOiGsxWv?domain%3Dmarshallwhite.com.au&amp;source=gmail&amp;ust=1554153686165000&amp;usg=AFQjCNFdfXvzXpBMTEtqfYK6m_HzxGdf8Q">58 Were Street</a> had $3.8 million to $4.1 million pre-auction price hopes, and will now take $3.95 million.
Their neighbouring house at <a id="m_1632196101188182388LPlnk64277" class="m_1632196101188182388OWAAutoLink" href="https://protect-au.mimecast.com/s/jqFBCnx1xocl0mZ8tJb4La?domain=marshallwhite.com.au" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://protect-au.mimecast.com/s/jqFBCnx1xocl0mZ8tJb4La?domain%3Dmarshallwhite.com.au&amp;source=gmail&amp;ust=1554153686165000&amp;usg=AFQjCNGr-SNOj-SnNcfmEcJDXA24CH8Usg">60 Were Street</a>, which had $3.5 million to $3.8 million hopes, was also passed in with one bid at $3.55 million.
The home with tennis court has only had two owners since its 1919 construction with the current vendors buying it in 1982 for $285,000, The Herald Sun reported.
The tennis court is a 892-square-metre block of land (top) , while the five-bedroom house with garden (below) covered by a heritage overlay is on 1070 sqm.
<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/2019/4/1/Were1.jpg" alt="">
It's a periodic occurrance as earlier this month a Hunters Hill, Sydney tennis court offering fetched $3.55 million, some $250,000 above reserve.
<a id="m_1632196101188182388LPlnk449287" class="m_1632196101188182388OWAAutoLink" href="https://protect-au.mimecast.com/s/BIe2CoV1V0hlNvVOtVXeJ3?domain=thenewdaily.com.au" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://protect-au.mimecast.com/s/BIe2CoV1V0hlNvVOtVXeJ3?domain%3Dthenewdaily.com.au&amp;source=gmail&amp;ust=1554153686165000&amp;usg=AFQjCNEqulnKGlPV5H63j7dbgn2QGjlMlw">The 900-square-metre grass tennis court holding</a> was once part of the 1893 house next door.
In 2017 a tennis court at <a id="m_1632196101188182388LPlnk651901" class="m_1632196101188182388OWAAutoLink" href="https://protect-au.mimecast.com/s/OEDuCp818qhQrA0YtGBQWi?domain=thenewdaily.com.au" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://protect-au.mimecast.com/s/OEDuCp818qhQrA0YtGBQWi?domain%3Dthenewdaily.com.au&amp;source=gmail&amp;ust=1554153686165000&amp;usg=AFQjCNHpzW3jOsD8qG0zp3G_ojkBDvBWiA">16 Stradbroke Avenue, Toorak</a> fetched $7.805 million at an auction that resembled a five-set tennis match.
Melbourne's top weekend sale was at Albert Park where <a id="m_1632196101188182388LPlnk567997" class="m_1632196101188182388OWAAutoLink" href="https://protect-au.mimecast.com/s/dGsgCq717rSLAXyqsNNNS8?domain=cayzer.com.au" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://protect-au.mimecast.com/s/dGsgCq717rSLAXyqsNNNS8?domain%3Dcayzer.com.au&amp;source=gmail&amp;ust=1554153686165000&amp;usg=AFQjCNGBRS2-wtUAZBG1MM-PtmfZW-xp7g">7 O'Grady Street</a> (below) sold through Cayzer Real Estate for $3.14 million after it had been totally transformed behind its classic Victorian facade.
<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/2019/4/1/Albert.jpg" alt="">
Set on 272 sqm with double garage, the four bedroom, two bathroom home last traded at $492,500 in 2000. 
There had been $2.75 million to $3 million price guidance.
Melbourne had the <a id="m_1632196101188182388LPlnk572311" class="m_1632196101188182388OWAAutoLink" href="https://protect-au.mimecast.com/s/OaT7Cr818vhwK2RgCN-NPS?domain=harcourts.com.au" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://protect-au.mimecast.com/s/OaT7Cr818vhwK2RgCN-NPS?domain%3Dharcourts.com.au&amp;source=gmail&amp;ust=1554153686165000&amp;usg=AFQjCNGzRHzcKl0ZmlxjFt9qYC8WU_IbAA">cheapest weekend result across the capital cities when a Malvern East</a> studio apartment sold at $103,000.
The price guidance had been $130,000 to $143,000 for the student accomodation at 203/60 Waverley Road, set close to Monash University Caulfield Campus.
It was last advertised as a $275 a week rental.
CoreLogic reported the highest residential sale under the hammer in Sydney was <a id="m_1632196101188182388LPlnk118333" class="m_1632196101188182388OWAAutoLink" href="https://protect-au.mimecast.com/s/8-_-Cvl1lzIOmAnQHyb2Ln?domain=georgesellis.com.au" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://protect-au.mimecast.com/s/8-_-Cvl1lzIOmAnQHyb2Ln?domain%3Dgeorgesellis.com.au&amp;source=gmail&amp;ust=1554153686165000&amp;usg=AFQjCNFvazU6Wkg5Onyd_O8iSaVAZ-vyPA">7 Wallis Avenue, Strathfield</a> (below) for $4,250,000 through George Ellis and Co. It was a three bedroom home marketed as set to be extended or rebuilt on its 689 sqm block.
<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/2019/4/1/Strath.jpg" alt="">
There was a pre-auction $5,375,000 sale at <a id="m_1632196101188182388LPlnk7499" class="m_1632196101188182388OWAAutoLink" href="https://protect-au.mimecast.com/s/XuqKCwV1VAh0MyEBSQAJyc?domain=ppdre.com.au" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://protect-au.mimecast.com/s/XuqKCwV1VAh0MyEBSQAJyc?domain%3Dppdre.com.au&amp;source=gmail&amp;ust=1554153686165000&amp;usg=AFQjCNHb61nGq2NKP-b4GEkWSanBCGC-oQ">436 Bronte Road, Bronte</a>, continuing the Sydney trend where more offerings sold pre-auction than under the hammer for the third consecutive week.
But the Sunday Telegraph reported the vendors of a unit in Cremorne Point were rewarded for sticking with their auction when it sold for $2.11 million, some $110,000 higher than a pre-auction offer for the three-bedroom <a id="m_1632196101188182388LPlnk733547" class="m_1632196101188182388OWAAutoLink" href="https://protect-au.mimecast.com/s/P3okCxngnBIm6x5YfA3Kms?domain=belleproperty.com" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://protect-au.mimecast.com/s/P3okCxngnBIm6x5YfA3Kms?domain%3Dbelleproperty.com&amp;source=gmail&amp;ust=1554153686165000&amp;usg=AFQjCNF8MR5LlP4A-LzxUIebNVgDTxLcZg">14/14 Kareela Road offering</a>.
It last sold at $1,411,001 in 2014.
There were 2,155 homes taken to auction across the capital cities this week, with preliminary results showing a 56.8 percent success rate. 
"It is likely that we will see revision down to the low 50’s as final results are collected," CoreLogic auction analyst Kevin Brogan said.
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Through March the largest auction markets have seen the clearance rate holding around the mid-to-low 50 percent range which is lower than the same time last year, but a substantial improvement relative to late 2018, he noted.
"The number of auctions is likely to rise further in the lead up to Easter; if we see the clearance rate continuing to hold, it will be a strong sign that the fit between buyer and seller pricing expectations is becoming more balanced," he added. 
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In Melbourne, a preliminary auction clearance rate of 53.4 per cent was recorded across 991 auctions this week, down slightly from 55.1 per cent across 814 auctions over the previous week. 
Last week’s clearance rate was the highest Melbourne had seen since September 2018.
Sydney was host to 789 auctions this week, with preliminary results showing a 65.9 per cent success rate, compared to 52.1 per cent across 506 auctions last week. This time last year, the clearance rate was a stronger 67.9 per cent across 394 auctions.
Across the smaller auction markets, Brisbane was the only city to see an increase in the number of homes taken to auction this week, while all other cities saw lower volumes week-on-week.
In Brisbane a waterfront apartment in East Brisbane sold at auction for $1.91 million. There were three registered bidders for the Riyala complex offering, a three-bedroom, plus study and two-bathroom apartment at <a id="m_1632196101188182388LPlnk694141" class="m_1632196101188182388OWAAutoLink" href="https://protect-au.mimecast.com/s/5LDwCyojoDh6vLPxhk-RDV?domain=raywhitepaddington.com.au" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://protect-au.mimecast.com/s/5LDwCyojoDh6vLPxhk-RDV?domain%3Draywhitepaddington.com.au&amp;source=gmail&amp;ust=1554153686165000&amp;usg=AFQjCNH6tsvQAaR-fdyS9Ak71jQjZb_qEg">241 Wellington Road, East Brisbane</a>. 
Bidding opened at $1.7 million through agent Phil Waight of Ray White Paddington.
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Brighton tennis court fails to sell in final set of March weekend auctions 

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Mosaic Property Group’s new boutique luxury development Bela in Mermaid Beach has secured $43 million in since its launch in mid-December 2018.
46 apartments have sold at the 25-level residential development on Peerless Avenue.
Bela is Mosaic Property Group’s first foray into the Gold Coast apartment market.
<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/2019/3/28/1.06_Exterior_Pool.jpg" alt="">
Amenities at the development include a pool, spa, steam and sauna, gym and dedicated yoga space, bike storage, residents’ deck, executive lounge, and concierge services.
Other features include a Resident’s Club on level 25 with wine cellar, private dining rooms, kitchen, library, lounge and media room. 
<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/2019/3/28/2.04_Interior_Sub-Penthouse_Kitchen.jpg" alt="">
Mosaic Property Group’s Managing Director Brook Monahan said the group wanted to create something unique for an iconic, historically significant part of the Gold Coast.
“The incredible team at Rothelowman in collaboration with Mosaic’s design team have helped translate our vision of meshing nostalgic coastal architecture with an unsurpassed residential experience that elevates the emotional connection to the water we know coastal buyers really value,” said Monahan.  
“The apartments have been designed for the discerning owner-occupier, with large open plan layouts and carefully considered details that come together to create spaces that we genuinely think people will love living in.
“And then there is the amenity, which is so far beyond anything else on offer on the Coast, particularly for a boutique building of this size.
“In fact, it's more akin to what you would see reserved for five- and six-star hotels and or buildings with far greater scale than Bela.”
Apartments at the project range from 98 square metres to 298 square metres and prices starting at $560,000 for two bedrooms, $1,015,000 for three bedrooms, and $2,450,000 for four-bedroom penthouses.
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Bela by Mosaic secures $43 million in sales in 12 weeks

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The northern Gold Coast leisure-land of Hope Island has become critically undersupplied with less than 50 new apartments currently on the market, according to a new report. 
According to property consultants Urbis, The North Shore precinct which includes Hope Island, is the most undersupplied market on the Gold Coast for apartment buyers. 
“Since the beginning of 2016, only six new apartment projects have been launched to the market across the North Shore Precinct,” said Urbis senior consultant Lynda Campbell. 
“This has resulted in a low level of supply with the September 2018 quarter ending with only 49 new apartments available for sale. 
“This is the lowest level of supply across the four Gold Coast precincts which have supply levels ranging from 277 up to 1,190 apartments.”
Despite the supply shortfall, population forecasts indicate demand for new homes and apartments will continue to rise. 
The Hope Island catchment area is expected to house an extra 35,680 people over the 20 years to 2036, or an average of 1784 new residents a year. 
Gold Coast company Aniko Group, headed by George Mastrocostas (pictured below), has moved to fill the current void in the Hope Island market with plans to launch a major resort-style apartment project this year. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/3/22/George%20Mastrocostas.jpg" alt="">
Aniko Group will deliver 240 luxury apartments on an 8390 square metre waterfront site at 1 Grant Avenue. 
The move follows last year’s successful sell-out of Aniko’s Three72 Marine development at Labrador and builds on the company’s appetite for high growth markets in south-east Queensland. 
“Hope Island has been very much a slow burn in terms of its maturity as an apartment market, and it’s probably only in the last few years that we’ve really seen that start to fire up,” said Mastrocostas. 
“The area has so much going for it in terms of absolute waterfront lifestyle and key transport infrastructure, and the market is starting to respond to that, especially local buyers who know the area well. 
“Waterfront living is in demand across the Gold Coast and Hope Island is one of the few areas left in the city where we can deliver quality resort-style living without the big premium of coastal apartments. 
“Hope Island has been on our wish list for some time, so we’re excited to be bringing this project to fruition at this time. The early response we have received from the market has been very encouraging.” 
The Hope Island property market is benefitting from a raft of private and public investment being ploughed into the northern Gold Coast region. 
The recent opening of the new $65 million Hope Island Marketplace has become a key investment driver by bringing a range of amenities and new jobs to the heart of the suburb.
This comes on top of the completion of the nearby $450 million Westfield Coomera. 
Infrastructure work planned for the area includes major upgrades to M1 exits and the $400 million expansion of the Gold Coast Marine Precinct, which is set to boost local jobs. 
Anika Group is poised to officially launch 1 Grant Ave soon.
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Hope Island apartment market facing critical undersupply of stock: Urbis

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A three bedroom 1970s South Hedland, WA home has sold for $130,000.
It had been listed for $150,000 in August 2018 before having the asking price reduced to $140,000.
Last sold in 2006 it traded for $191,000 and was listed just 10 months later in early 2007 for $330,000 before being taken off market.
Situated at 25 Edkins Place, the house on an 818 sqm block comes with three bedrooms plus verandahs in both the front and rear.
Peter Dunning of RayWhite held the listing.
The home was built in 1973.
It has been on the market for rent for the past 10 years where in 2009 to mid 2014 it was listed for upwards of $1,000 a week.
It was recently listed at a $300 a week asking rent, which has been dropped to $250 a week.
Following 2014 however the asking rent fell to $750 and has been hovering around $325 - $390 for the past four years.
<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="">
The median price for a home in <a href="/developments/south-hedland-wa-6722">South Hedland, WA</a> is $190,000 according to CoreLogic, which calculate its annual change in median price over the past 10 years as -8.9%.
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South Hedland, WA mortgagee house sold for $61,000 loss

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An Auburn, NSW mortgagee house has sold for $199,000 below the initial asking price of $670,000 - $720,000. 
The home which sold March 12 2019 for $521,000, remained on market almost 500 days, through two unsuccessful auctions and four price cuts.
After failing to sell at auction the initial asking price was cut to just $670,000 then $635,000 in July of 2018.
Following another unsuccessful auction in December 2018 the price guide was reduced to $550,000, then $529,00 in January 2019.
Themy Panagiotidis of LJ Hooker held the listing when the property was successfully transacted.
Situated at <a href="https://www.realestate.com.au/sold/property-house-nsw-auburn-129979298" target="_blank">1/52 Beaumont Street</a>, the property is a three bedroom two bathroom house.
Set on 261 sqm the home is located near the Auburn Tennis Club, Rosnay Golf Course, Auburn West primary school and local parklands.
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The median price for a home in <a href="/developments/auburn-nsw-2144">Auburn, NSW</a> is $875,000 according to CoreLogic, which calculate its annual change in median price over the past 10 years as 7.9%.
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Auburn, NSW mortgagee house sold for $200,000 below initial listing

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Many Sydney vendors avoided weekend auctions given the clash with the NSW state election.
There were just the 355 auctions across Sydney, substantially lower than the prior weekend's 513 listings.
The listings pattern that had been impacted by the election, would now likely revert to the big run up to the pre-Easter weekend, Kevin Brogan, the auction analysts at CoreLogic noted.
CoreLogic also noted that trend of more houses and apartments being sold pre-auction than under the hammer continued to occur with regularity.
Sydney's top sale in Mosman was pre-auction.
The four bedroom <a id="LPlnk53359" class="x_OWAAutoLink" href="https://www.belleproperty.com/listings/761100/57-shadforth-street-mosman-nsw-2088/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">57 Shadforth Street, Mosman</a> (below) offering fetched $3.47 million through Belle Property which was slightly at below its mooted expectations.
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The price guide had been $3.5 million for the house last sold in 1993 at $770,000.
Another property sold ahead of scheduled auction included a spacious warehouse-style property at <a id="LPlnk581726" class="x_OWAAutoLink" href="http://www.ppdre.com.au/1P4600" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">31 Blenheim Street, Queens Park</a> (below) at $4 million.
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Agent Alexander Phillips had 98 groups though the property which sold within two weeks of marketing.
The five-bedroom house last changed hands four years ago for $3,335,000.
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There were 1,669 homes taken to auction across the combined eight capital cities, down from 1,875 over the previous week. 
Click here <a href="https://www.propertyobserver.com.au/images/2019/3/25/CL-Mar25.jpg" target="_blank">to enlarge</a>.
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Brogan noted the same time last year, volumes were significantly higher with 3,990 homes taken to auction over what was the pre-Easter weekend, traditionally one of the busiest weeks for auctions each year.
Preliminary results show a national clearance rate of 56 percent, up from last week’s revised 51.4 percent clearance rate.
"Although this will revise lower as the remaining results are collected," Brogan said.
CoreLogic calculated the finalised clearance rates has sat above 49 percent for five of the last six weeks.
"And it’s likely that this week will be no different," Brogan said.
Over the same week last year the final clearance rate was recorded at 62.7 percent.
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The dearest reported result in Melbourne was a four bedroom house in Glen Iris that sold under the hammer at $3,642,500 with three bidders.
The four bedroom home at <a href="https://www.marshallwhite.com.au/property/17-vincent-street-glen-iris-765096/" target="_blank">17 Vincent Street, Glen Iris</a> sold through Marshall White whose price guidance had been $3.5 million to $3.75 million.
It was announced on the market at $3,575,000 having last sold in 2009 at $2.25 million.
A contemporary four-bedroom home at <a id="LPlnk763124" class="x_OWAAutoLink" href="https://www.hodges.com.au/property/762437/7-campbell-street-brighton/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">7 Campbell Street, Brighton</a> (below) was passed in at $4.11 million with just the one bid.
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The custom built Atkinson Pontifex home had a $4.2 million to $4.62 million price guidance.
A home used as a location in the 2004 film The Brush-Off sold in Melbourne’s north post auction, the Herald Sun reported.
The Moonee Ponds period home at <a id="LPlnk940323" class="x_OWAAutoLink" href="https://www.nelsonalexander.com.au/property/763598/22-bloom-street/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">22 Bloom Street</a> sold for an undisclosed sum but within the home’s $1.5 million to $1.6 million advertised range through Nelson Alexander Real Estate.
A Brighton beach box has likely matched the record price for the limited offerings along the iconic stretch of sand.
The quaint <a id="LPlnk328791" class="x_OWAAutoLink" href="https://www.realestateview.com.au/real-estate/bathing-box-89-brighton-vic/property-details-sold-residential-12434419/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">bathing Box 89 </a>sold pre-auction for an undisclosed figure, but reportedly matching the record price of $337,000 set at an April 2018 auction for bathing box 76B.
Marshall White agent Matthew Pillios confirmed to the Herald Sun that No. 89 sold above its price range of $300,000 to $330,000.
The beach box has a mural of a koala enjoying a relaxing day at the beach painted by the artist Daniel Worth.
It was once awarded by the City of Bayside as the best exterior mural along the beach.
The beach box had been owned for three decades by the vendors who sold to a local middle-aged couple with children.
Domain had Sydney's weekend clearance rate at 61 percent, with Adelaide the second best at 55 percent.
Melbourne was at 54 percent; Canberra at 47 percent and Brisbane at 34 percent. 
An $188,000 sale outside Brisbane was the nation's cheapest result, Domain advised.
It was a three bedroom house on 420 sqm at <a id="LPlnk195454" class="x_OWAAutoLink" href="https://www.propertyobserver.com.au/https://raywhitecaboolture.com.au/properties/residential-for-sale/qld/caboolture-south-4510/house/2059757" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">91 Rosemary Street, Caboolture South</a> (main picture), north of Brisbane inland from Bribie Island.
Agent Peter Wright at Ray White marketed it as an opportunity for investors, families and first home buyers.
It had last sold when offered as a $250 a week rental proposition for $205,000 in 2014, reflecting a $17,000 price dip over the five years. 
Auction highlights this week.
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