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?

<html><body>
A three bedroom two bathroom Strathpine, Qld home has been listed by its mortgagee.
Located at <a href="https://www.realestate.com.au/property-house-qld-strathpine-129903390" target="_blank">8 Trafalgar Court, Strathpine</a>, the home is set for a December 15 auction.
Set on 701 sqm the home is minutes from both local bus stops and local shops.
Featuring a double car garage the property is fully fenced.
Last sold in 2008 the property went for $410,000.
The house was unsuccessfully marketed at $480,000 for a year from 2011 to 2012.
The median sale price in <a href="/developments/strathpine-qld-4500">Strathpine</a> is $420,000, according to CoreLogic data.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Three bedroom Strathpine house listed by its mortgagee

<html><body>
A two bedroom two bathroom Mooroobool, QLD apartment has been listed by its mortgagee.
Located at <a href="https://www.realestate.com.au/property-unit-qld-mooroobool-129907926" target="_blank">308/22-24 Ward Street, Mooroobool</a>, the home is scheduled for auction on December 11.
Set on 123 sqm the home is situated in a gated complex.
Features of the complex include, a resort style swimming pool, an onsite gymnasium, a children's playground as well as parking for one car.
There are relatively low body corporate fees of $3,754 annually.
Last sold in 2007, the home went for $237,000.
The construction of the apartment was completed in 2008.
<div>
<div class="tell-me-more tell-me-more--expanded">The median price for a home in <a href="/developments/mooroobool-qld-4870">Mooroobool</a> is $378,000, according to CoreLogic data.</div>
</div>
</body></html>

Two bedroom Mooroobool apartment listed by mortgagee

<html><body>
EXPERT OBSERVER
Over the three months to October 2018, more than three quarters (75.4%) of properties that sold transacted for less than their original listed price.
By comparison, over the same period, 7.0% of properties sold for their originally listed price with the remaining 17.6% selling for more than the originally listed price.
Over the past decade, even in periods where dwelling value growth was quite strong, the majority of properties sold nationally continued to sell for less than the original list price, highlighting that even during the boom times vendors will need to be flexible on their price expectations and buyers will seek out room to negotiate.
Since the middle of 2015, which is prior to value growth starting to slow but at a time where credit availability was tightening and transaction volumes were starting to fall, the share of properties selling for less than the original list price has been trending higher.
Geographically the rising trend of a greater share of properties selling with a discount is being driven by the Sydney and Melbourne markets where buyers have endured a long period of low advertised stock levels, rapidly rising prices and intense FOMO (fear of missing out).
<img src="https://www.urban.com.au/images/2018/11/15/PP%20CL%20CC.JPG" alt="">
As housing market conditions have weakened, buyers have more stock to choose from and far less urgency.
They are gaining more leverage, negotiating harder and a growing proportion of vendors are selling at prices lower than their original advertised price.
Outside of Sydney and Melbourne the trends are quite different, with the proportion of properties selling below the original list price holding reasonably firm.
Hobart, where housing market conditions have been strong relative to the other cities, is the exception, with an ongoing reduction in the proportion of properties selling below the original list price.
Across the combined capital cities, 73.6% of properties sold for less than list price over the past 3 months compared to 21.5% for more than list price.
Between 2013 and 2015 value growth was particularly strong and at that time a relatively high proportion of properties were selling above their list price.
It’s a very different story across the combined regional markets over recent years with very few properties selling above the original list price.
At its peak, 18.1% of properties sold in excess of the original list price, by comparison over the past three months 78.9% sold for less than their original list price and 13.0% sold for more than the original list price.
<img src="https://www.urban.com.au/images/2018/11/15/PP%20CL%20CC%202.JPG" alt="">
Sydney has been one of the strongest markets for value growth over recent years however, a big spike in listings and tighter credit conditions has made selling much more difficult.
At one point in mid-2015 more than three quarters of properties sold for more than the original list price.
Fast forward to the current market and 83.3% of properties are selling for less than the original list price compared to 13.3% selling above the list price.
Sydney vendors are now discounting their asking prices by 7.3% on average in order to make a sale, compared with only 5.4% a year ago.
At the peak in October 2015, 25.8% of properties in Regional NSW sold for more than the original list price highlighting that over recent years selling conditions were never quite as strong as those in Sydney.
Over the past 3 months, 82.0% sold for less than the original list price while 9.8% sold in excess of that price.
<img src="https://www.urban.com.au/images/2018/11/15/PP%20CL%20CC%203.JPG" alt="">
Melbourne is currently seeing 76.3% of properties selling below the original list price which is the highest share in at least 12 years.
As recently as April last year, when values were rising at a double-digit annual rate, 34.4% of properties were selling for less than the original list price.
By comparison today, only 18.7% of properties have sold over the past three months for more than the original list price and vendors are, on average, discounting their prices by 6.1% to make a sale.
There has never been a particularly large share of properties selling above their original list price across Regional Vic.
Currently, 9.5% sell for the original list price, 77.5% sell below list price and 13.1% sell above.
<img src="https://www.urban.com.au/images/2018/11/15/PP%20CL%20CC%204.JPG" alt="">
Brisbane’s housing market has seen very little value growth over the past decade and as a result a majority of properties has consistently sold for less than the original list price.
Over the past three months, 65.7% of properties sold for less than the original list price compared to 28.8% selling in excess of the list price.
Vendors are discounting their asking prices by an average of 5.7% in order to make a sale, which is roughly the same level of discounting relative to the same time last year.
The weakness that has been evident across parts of Regional Qld, especially those areas associated with the mining and resources sector, has seen a significant majority of properties over recent years sell for less than the original list price.
Over the past 3 months; 76.5% of property sales were less than the original list price compared to 17.0% selling for more.
<img src="https://www.urban.com.au/images/2018/11/15/PP%20CL%20CC%205.JPG" alt="">
When the Adelaide market was experiencing surging values in 2007 more than 60% of properties were selling above their list price however, over recent years, with housing values holding reasonably steady, very few properties have sold above the list price.
Over the past 3 months; 72.8% have sold below the list price and 21.3% have sold above the list price.
The ongoing weak housing conditions in Regional SA means that in terms of the original list price most purchasers have bought at a discount to that figure.
Over the current period; 86.3% of properties sold for less than the list price and 5.9% sold for more than the list price.
<img src="https://www.urban.com.au/images/2018/11/15/PP%20CL%20CC%206.JPG" alt="">
The ongoing weak housing market conditions in Perth over the past decade has meant that the majority of properties have sold for less than the original list price.
At their peak in mid 2011 (a time at which values were declining), 90.2% of properties sold for less than the originally listed price.
Over the past three months; 76.8% of properties sold below list price which is slightly lower than a year ago but still elevated and 19.0% sold in excess of the list price.
Housing conditions in Regional WA have been weaker than those in Perth culminating in almost all properties selling for less than the originally advertised sale price.
Over the past three months; 84.4% sold for less than their list price and only 9.9% sold for more than their list price.
<img src="https://www.urban.com.au/images/2018/11/15/PP%20CL%20CC%207.JPG" alt="">
As value growth has strengthened in Hobart, an increasing share of properties have sold for above the initially advertised price.
This is a function of relatively few properties for sale and values rising at an almost double-digit rate over the past year.
Over the past three months; an historic high 74.6% of sales have occurred in excess of the listed price compared to 21.7% below the list price.
As the rate of dwelling value growth is accelerating across Regional Tas, an increasing share of properties are selling in excess of the initially listed price.
Over the past 3 months; 34.8% of properties sold in excess of the list price compared to 55.9% selling below list price and 9.4% selling at list price.
<img src="https://www.urban.com.au/images/2018/11/15/PP%20CL%20CC%208.JPG" alt="">
With dwelling values falling for a number of years, very few properties in Darwin sell for more than the originally advertised sale price.
Over the past three months; 86.5% sold for less than the list price and 7.7% sold for more than the list price.
Reflecting the tough selling conditions, Darwin vendors are discounting their prices by an average of 11.7% in order to make sale which is substantially higher than any other capital city.
Regional NT is experiencing stronger housing market conditions than Darwin and subsequently a higher share of sales are occurring above the originally listed price.
Over the past three months; 16.7% sold for more than the list price and 70.8% sold below the list price.
<img src="https://www.urban.com.au/images/2018/11/15/PP%20CL%20CC%209.JPG" alt="">
A much higher share of properties in Canberra are selling at their original list price (14.4%) compared to other regions across the country.
Canberra is also seeing a relatively high proportion of properties selling above the list price (44.3%) although it is trending lower as sales below list price lift to 41.4% of all sales.
The recent decline in sales above the original list price is reflective of the softening housing market conditions across the city.
The data highlights the importance of setting an appropriate asking price on a listed property, and allowing some room for negotiation on the property transaction.
Finding the right balance can be a fine art.
Although the list price is often (not always) known a sale is a negotiation and as this data shows very few properties actually sell for the original list price.
As a result most properties end up selling below their original list price except in very strong markets such as Sydney and Melbourne over recent years and Hobart currently.
The data also shows that in very strong markets, vendors and real estate agents are at times not able to accurately gauge what price a property will sell for with many selling above the list price.
Equally in weak or falling markets a heightened number of properties only sell after the initially targeted sale price is reduced.
</body></html>

ckusher-ujnxiKuFQs

In the last quarter 75% of properties sold for less than their original listed price: Cameron Kusher

<html><body>
Melbourne-based developer Growland has seen its first two-tower stage of Victoria Square, its mixed-use residential project in Footscray, nearly sell out, around two years before its completion.
90 percent of the <a href="https://www.realestate.com.au/project/victoria-square-footscray-600015542" target="_blank">apartments have been sold.</a>
Growland recently awarded a $130 million contract to Australian builder LU Simon for the construction of the towers, which has officially commenced.
<div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
The $600 million Victoria Square project comprises six residential towers totalling 937 apartments and over 5,500 sqm of commercial, retail and hospitality space on Hopkins Street.
<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/2018/11/19/Vic3.jpg" alt="">
</div>
</div>
</div>
<div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
<div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
Stage three, titled VS03, has just launched to market and will include a boutique collection of just 86 apartments.
Footscray has quickly become one of Melbourne’s most sought-after inner-suburbs for young homebuyers, with District Data indicating the proportion of residents aged 20-39 has increased by seven percent between 2006 and 2016.
These buyers are driving demand for housing and a subsequent shift in the local built environment, with around 282 dwellings currently under construction in the area.
Growland Chairman Bruce Chan says it’s not surprising Footscray is such a hotspot for young buyers.
</div>
</div>
</div>
<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/2018/11/19/vic2.jpg" alt="">
“Footscray is an ideal location for young families, working professionals and first and second home buyers,” said Chan. 
“In addition to being just 4km from Melbourne’s CBD, it is a thriving education and employment hub in its own right, which is driving the shift in demographics to younger buyers that want to be close to the action. 
“The multicultural community offers an impressive variety of hospitality options and a friendly and vibrant atmosphere. 
“It’s incredibly rewarding to be able to play a role in the area’s rejuvenation and to create a communal space where locals can enjoy top-quality restaurants and retail outlets.” 
For more information <a href="https://www.realestate.com.au/project/victoria-square-footscray-600015542" target="_blank">click here.</a>
 
</div>
</div>
</div>
</body></html>

jrobinson-rf4aSBido9

Growland's first two Victoria Square Footscray towers nearly sold out

<html><body>
EXPERT OBSERVER
The announcement that Sydney Markets will move from Flemington to the Aerotropolis in Western Sydney means the existing Flemington site could become a new type of development.
Sydney’s markets were originally in Haymarket close to Darling Harbour but as the city grew they moved west to Flemington closer to the then centre of Sydney at Parramatta.
With Sydney now planned to have three city centres the announcement that the markets will move further west to be part of the third city at the Aerotropolis completes their move to the areas of growth.
This will leave a large site at Flemington ripe for redevelopment.
The Urban Taskforce has asked Sydney architect Tony Owen to develop an exciting vision for the redevelopment of the Flemington site in a manner that retains a number of market uses.
Tony Owen’s proposal (pictured above and below) sets a new standard for urban renewal by incorporating greenery throughout the new built form.
<img src="https://www.urban.com.au/images/2018/11/19/Greenery.JPG" alt="">
Buildings are dripping in greenery and lower height buildings have green roofs that are used for agriculture that could include cows grazing and free range chickens.
There is another great benefit of the proposal in that all the greenery will reduce the heat build up on the site and manage water run off better as well as cleaning the air.
Flemington 2036 is a glimpse into how urban development will occur in the future. The main residential accommodation is in green towers that overlook the shared facilities and markets in the middle of the site.
Tony Owen has cleverly located the tall buildings nearest the highway and commercial areas with lower buildings near existing residential areas.
The amazing potential of the Flemington site is that a whole community can live and work there with 10,000 residents and 4,000 workers all coming together in a park like environment.
What Tony Owen's vision demonstrates is that urban environments can be green and connected to Urban Agriculture. The whole Flemington village will be self sustainable with the food grown on the site.
The Flemington site is well located between the Sydney CBD and the growing city of Parramatta and it has its own railway station.
There is the option of providing a new station on the proposed Metro West line to further connect the site to jobs in Parramatta and in the Sydney CBD.
Redevelopment of a large site like the Flemington Markets must be a leading example of a new approach to urban living.
CHRIS JOHNSON is the CEO of Urban Taskforce
</body></html>

cjohnson-8xfqfuuCSq

When Flemington Markets relocate to the Aerotropolis the site can become a new green urban village: Chris Johnson

<html><body>
Adelaide delivered the strongest weekend auction result of all the capital cities - and also had one of the notable sales at $5.2 million.
It was a seven bedroom Tennyson beachside mansion sold by the Shahin family, owners of Peregrine Corporation, one of the state's biggest petrol convenience store operators.
The three-storey 2010-built home at <a id="x_mcntLPlnk705040" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-sa-tennyson-123662606" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">81 Seaview Road Tennyson</a> (above and below) had been for sale on and off for four years through almost a dozen different agents, The Sunday Mail reported.
It's initial asking price was $5.9 million for the home with sea views from most of its 1000 sqm space.
<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/2018/11/19/tenny2.jpg" alt="">
It was built after the 755 sqm block was bought for $1.95 million in 2009.
"The scope of architectural bravery invested sets a new benchmark in design and functionality," Sotheby's selling agent Grant Giordano said.
The Indaily website reported the home had been designed to emulate “a luxury cruise liner.”
Adelaide's clearance rate was 64 percent, according to CoreLogic, well ahead of the next best selling capital which was Sydney on 48.5 percent.
Click here <a href="https://www.propertyobserver.com.au/images/2018/11/19/CL-Nov19.jpg" target="_blank">to enlarge.</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/19/CL-Nov19.jpg" alt="">
The national national clearance rate sat at 45 percent but is expected to fall below 45 per cent for the third consecutive week.
<div class="x_mcntcq-article-content-paras x_mcntsection">
Last week's final auction clearance rate fell to its lowest level since 2012 at 42.7 percent.
Melbourne delivered a weakened result with a 43.5 per cent preliminary clearance rate from its 1400 auctions. 
<div>Melbourne was host to 1,411 auctions down from the 1,732 auctions this time last year.</div>
<div> </div>
<div>The top sale was <a id="x_mcntLPlnk363034" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/sold/property-house-vic-hawthorn-129567206" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">21 Kinkora Road, Hawthorn</a> (below) was $6.1 million with two bidders seeking the offering.</div>
<div> </div>
<div><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/2018/11/19/hawt1.jpg" alt=""></div>
<div> </div>
<div>The six bedroom 1920s home on 1570 sqm had been listed with $5 million to $5.5 million price guidance.</div>
<div> </div>
<div>It was announced on the market at $5.7 million, but the buyers agent Mal James suggested the sale price reflected a 15 percent dip in land price on 2016/2017 results.</div>
<div> </div>
<div>AMP Capital chief economist Shane Oliver told Fairfax Media that Melbourne was "starting to look even weaker than Sydney."</div>
<div> </div>
<div>Melbourne also had the nation's cheapest sale when <a id="x_mcntLPlnk797433" class="x_mcntOWAAutoLink" href="https://www.realestateview.com.au/real-estate/8-177-north-road-elsternwick-vic/property-details-sold-residential-12187721/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">8/177 North Rd, Gardenvale</a> was sold for $250,000 pre-auction.</div>
<div> </div>
<div>The top floor one bedroom 1960s unit with 38 sqm space last sold in 2008 for $180,000.</div>
<div> </div>
<div>The revamped childhood home of former North Melbourne coach Denis Pagan failed to sell at weekend auction.</div>
<div>
The auction offering at <a id="x_mcntLPlnk598448" class="x_mcntOWAAutoLink" href="https://www.realestateview.com.au/real-estate/140-station-street-carlton-vic/property-details-buy-residential-12182925/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">140 Station Street, Carlton</a> (below) was a new townhouse incorporated by developers into the original weatherboard home of the Pagan family.
<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/2018/11/19/CARL.jpg" alt="">
The three bidders stopped at $2.125 million.
It is now for sale at $2.2 million.
</div>
<div>The Herald Sun reported Melbourne auction numbers will remain high until mid-December, with close to 1000 next weekend despite the Victorian state election.</div>
</div>
<div class="x_mcntcq-article-content-paras x_mcntsection">
Sydney, with 874 auctions scheduled, returned a preliminary clearance rate of 48.5 per cent.
It was less active than the same week last year when 1,061 homes were taken to auction across the city. 
"The final auction clearance rate for Sydney has been below 45 per cent for three of the past four weeks, and it’s likely that we will see that again this week as final results are collected," CoreLogic auction analyst Kevin Brogan said.
<div>Last November the clearance rate across Sydney was recorded at 54.8 per cent.</div>
<div> </div>
<div>Sydney's top sale was <a id="x_mcntLPlnk569352" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-nsw-mosman-129570438" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">13 Cyprian Street, Mosman</a> (below), which sold for $4,925,000.</div>
<div> </div>
<div><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/2018/11/19/mos1.jpg" alt=""></div>
<div> </div>
<div>The deceased estate was offered to the market for the first time in 57 years.</div>
<div> </div>
<div>Brisbane's clearance rate sat at the weakest on the east coast at 40 percent.</div>
<div> </div>
<div>There was $4.275 million sale at <a id="x_mcntLPlnk201837" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-qld-bardon-129601450" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">34 Satinwood Court, Bardon</a> through Ray White.</div>
<div> </div>
<div>There were five local registered bidders who sought the five-bedroom house set on 3519 sqm.</div>
<div> </div>
<div>There were 2,753 homes taken to auction across the capitals, up from 2,386 over the previous week, although much lower than the 3,390 auctions were held across the combined capital cities this time last year when there was a 60.9 success rate per cent.</div>
</div>
 
</body></html>

Adelaide star in weekend auctions

<html><body>
The Perth property where the body of a mother of two was found buried in the backyard in September has been listed for December auction.
Ahmed Seedat was charged with the murder of his wife Fahima Yusuf, the mother of two children, after her body was found at their Weston Street, Carlisle property.
Under the WA Real Estate and Business Agents and Sales Representatives Code of Conduct 2016 regulation 24, the listed agent must make reasonable efforts to verify all facts material to the transaction.
Listing agent Jared Rayner told the local paper the Weston Street property was no longer a crime scene and its history would not be hidden from buyers.
“Because it’s a material fact of the transaction, we must acknowledge that to any person who does want to purport a contract,” he said.
“It’s open public information as well, however, I would still be disclosing because we don’t know what really happened there other than a body was found in the backyard.”
Seedat is next scheduled in court on November 28.
The Pulse Property Group has marketed the property as mortgagee in possession.
<a href="https://www.realestate.com.au/property-house-wa-carlisle-129835546" target="_blank">The 2005-built four bedroom home</a> last traded at $865,000 in 2014.
</body></html>

Perth crime scene auction listing comes with full disclosure

<html><body>
Sydney's vacancy rates have edged 0.1 percent higher, according to research from the Real Estate Institute of New South Wales.
REINSW President Leanne Pilkington said the October 2018 REINSW Vacancy Rate Survey saw metropolitan Sydney vacancy rates up 0.1 percentage points to 2.9 per cent. 
“There has been a slight slowing in those seeking rental accommodation in Inner and Middle Sydney while the Outer Sydney market saw interest increase,” Pilkington said.  
Click here <a href="https://www.propertyobserver.com.au/images/2018/11/16/Sydney-vacancy.jpg" target="_blank">to enlarge.</a>
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/16/Sydney-vacancy.jpg" alt="">
“Inner Sydney rose 0.4 percentage points to 2.8 per cent, Middle Sydney increased 0.1 percentage points to 3.2 per cent and Outer Sydney fell 0.1 percentage points at 2.8 per cent.” 
In the Hunter, vacancy rates slipped 0.3 percentage points at 1.6 per cent, with Newcastle down 1.1 percentage points at 1.8 per cent off the back of a stronger market.
Click here <a href="https://www.propertyobserver.com.au/images/2018/11/16/Vacancy2.jpg" target="_blank">to enlarge.</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/16/Vacancy2.jpg" alt="">
The Illawarra fell 0.1 percentage points despite Wollongong being up 0.1 percentage points to 2.2 per cent. 
 
Across regional areas, Albury remained steady at 2.2 per cent, New England rose 0.3 percentage points to 2.5 per cent and the South Coast fell 0.1 percentage points at 1.8 per cent.
</body></html>

Rental availabilty in Sydney Metro rises 

<html><body>
There are four indicators to focus on to determine home price trends over the next six months, according to CBA analysis. 
Housing finance demand, auction clearance rates, foreign residential demand and consumer sentiment about price expectations will be key considerations across the market as CBA Global Markets Research forecasts prices are likely to continue to deflate from record highs.
“The evidence suggests that dwelling prices will continue to deflate in the very near term,” said CBA Senior Economist Gareth Aird.
“There will be significant variations between capital cities and indeed suburbs within the same cities, but the broader trend should be one of continuing mild price declines.”
<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/2018/11/15/1.jpg" alt="">
Source: Commbank Research
<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/2018/11/15/2.jpg" alt="">
Source: Commbank Research
What about interest rates?
As long as the downturn in the housing market remains divorced from the broader economy, which continues to perform relatively well, the Reserve Bank of Australia (RBA) will continue to signal that that cash rate is “more likely to go up than down”, Aird said.
Changes in mortgage rates impact the demand for credit, which is captured in the flow of new lending.
New lending is driven by the supply and demand for credit, Aird explained, and the latest Australian Bureau of Statistics (ABS) data indicated the flow of housing credit continues to fall and the pace of the decline has accelerated.
“Credit to investors has been trending down for the past one-and-a-half years, but it’s the shift downwards in lending to owner-occupiers that’s behind the recent acceleration,” he said.
Tighter lending standards have played a part, but they “are not the primary driver of the acceleration in the downward trend of housing finance”.
“Rather, the demand for credit has declined because momentum in the market has come off and household expectations of property price appreciation have declined.”
<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/2018/11/15/3.jpg" alt="">
Source: Commbank Research
<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/2018/11/15/8.jpg" alt="">
Source: Commbank Research 
Auction clearance rates
After strong gains in home sale prices in many parts of Australia over the past five years, the country’s auction clearance rate has been on a downward trend throughout 2018, dipping recently to between 40-45%.
“The latest auction clearance rates imply that dwelling prices in Sydney and Melbourne will weaken further over the very near term,” Aird said.
<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/2018/11/15/5.jpg" alt="">
 
Source: Commbank Research
<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/2018/11/15/4.jpg" alt="">
Source: Commbank Research
Foreign demand
Foreign investment in Australian property has waned over the past two years, after a lift in state government-levied stamp duty to foreign investors and tighter capital controls out of China.
“The decline in foreign investor demand is consistent with a further easing in dwelling prices over the near term,” Aird said, and currently there’s “no evidence to suggest a rebound in foreign investor demand”.
<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/2018/11/15/6.jpg" alt="">
Source: Commbank Research
Great expectations
Consumer sentiment surveys have proved to be a “useful near-term indicator of the annual change in dwelling prices”.
However, Aird explained the self-fulfilling aspect: “If households expect prices to weaken, then demand for credit will fall and prices will correct lower. The reverse is also true when households expect price growth to accelerate.”
Currently, house price expectation indicators point to dwelling prices continuing to deflate over the near term, he said.
<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/2018/11/15/7.jpg" alt="">
Source: Commbank Research
<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/2018/11/15/9.jpg" alt="">
Source: Commbank Research
<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/2018/11/15/10.jpg" alt="">
Source: Commbank Research
</body></html>

The top four indicators driving home prices across Australia: CBA

<html><body><div class="property-info__header">
A pair of three bedroom two bathroom semi's currently under construction in Kiama, NSW have been sold by their mortgagee.
Situated at <a href="https://www.realestate.com.au/sold/property-duplex+semi-detached-nsw-kiama-129543310" target="_blank">5 Sommerville Close, Kiama</a> the to-be semi's were sold for a combined $790,000.
The home's came with DA approved plans and with construction underway.
Earthworks, footings, concrete slabs and retaining walls have been completed. 
The home previously on this site sold for $530,000 in 2015.
The median price for a home in <a href="/developments/kiama-nsw-2533">Kiama is $960,000</a>, according to CoreLogic.
</div></body></html>

Latest Buying Insights

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

Editor's Picks

Developments

New apartments

New townhouses

News

Latest Buying Insights

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

Editor's Picks

Receive the latest news stories to your inbox

Developments

New apartments

New townhouses

News