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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A three bedroom one bathroom Kinka Beach, Qld home has been sold by mortgagee.
Located at <a href="https://www.realestate.com.au/sold/property-house-qld-kinka+beach-129156442" target="_blank">886 Scenic Highway, Kinka Beach</a> the home sold for $245,000.
Set on a 539 sqm allotment the home features a one car garage.
The home is separated from the beach by just a single road.
Featuring ocean views and a fenced yard the holding has an open plan living arrangement.
Last sold in 2005 the house went for $320,000.
 
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j.ballantyne1990-6AQqhLzZaK

Three bedroom Kinka Beach house sold by mortgagee

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A three bedroom one bathroom home in Kurri Kurri, NSW has been sold by mortgagees for $334,000.
Located at <a href="https://www.realestate.com.au/sold/property-house-nsw-kurri+kurri-129469658" target="_blank">139 Aberdare Street, Kurri Kurri</a> the home is a few blocks from the town centre.
Set on a 959 sqm block the home features a large yard and a double garage.
<div>
<div class="tell-me-more tell-me-more--expanded">Featuring a rear workshop the home is constructed of hardiplank and iron. </div>
<div class="tell-me-more tell-me-more--expanded">The house last sold in 1996 for $100,000.</div>
<div class="tell-me-more tell-me-more--expanded"> </div>
<div class="tell-me-more tell-me-more--expanded">The median sale price for a home in <a href="/developments/kurri-kurri-nsw-2327">Kurri Kurri</a> is $345,000 according to CoreLogic data.</div>
</div>
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Three bedroom Kurri Kurri home sold by mortgagee

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This week, inflation and the housing market have been in focus for Australia. Offshore, data for the US remained robust, but was less so in Europe and Emerging Asia.
Australian inflation has been an enduring disappointment for the market, with actual outcomes having come in below expectations quarter by quarter for close to two years. The September quarter continued this trend, with headline and the average of the core measures again sub-consensus at 0.4% (market 0.5%) and 0.3% (market 0.4%). More significant for policy, annual headline and core inflation again fell below the 2.0%yr lower bound of the RBA’s inflation range, now 1.9%yr and 1.7%yr.
Within the quarter, there were many opposing influences, but the main theme was the offsetting of petrol and tobacco inflation by disinflation across house purchase costs and rents and the continued absence of pricing power for the retail sector. Though petrol will remain inflationary in coming months, persistent weakness in housing costs will limit the net effect for headline inflation. As the core measure typically omits energy costs, the effect here will be lopsided and result in annual core inflation holding below the RBA’s 2-3%yr target range through the end of 2019. Together with GDP growth tending back to trend in 2019, this trend will see the RBA remain on hold through 2020.
The soft housing inflation pulse is a consequence of declining house prices and rising supply (restricting rental growth). This week, the October CoreLogic house price data showed that this national decline in house prices is continuing. The decline is led by Sydney (-7.4%yr) and the top end of the market (the top 25% of sales by price down 7.7%yr versus -0.9%yr for the bottom 25%). However, we continue to see evidence of the weakness broadening, with 80% of dwellings now having seen price declines over the past six months compared to 60% for the past year. By dwelling type, losses remain largest for houses. This is consistent with the relative outperformance of houses over apartments to the cycle peak, but is also evidence that increasing apartment supply is yet to affect the price trend materially.     
Dwelling approvals data for September was also released this week. While a bounce was seen in the month, approvals are still down 14% over the year. Further, if high-rise approvals in Victoria are omitted, we estimate approvals actually fell 7.5% in September, with the weakness broad-based by state and dwelling type. Given this trend decline in prices and approvals, it is unsurprising that housing credit growth continues to decelerate. In 3-month annualised terms, total housing credit has slowed from 6.8% in May 2017 to 4.7% currently. Though investor credit has been the primary driver of this softening, owner-occupier credit has also slowed, from 8.7% in July 2017 to 6.4% currently.     
Turning to the US, GDP was again strong in the September quarter at 3.5% annualised. Driving the result was a willing consumer, with growth in this sub-sector rising 4.0% annualised – well ahead of the average of the post-GFC period. Elsewhere however, there were a number of signs that higher interest rates are beginning to take effect. This was most obvious in residential construction, now down around 3% annualised over the past nine months. More important for the economy are glimpses of weakness in business investment following a strong start to the year. The latter deceleration fits well with regional business survey detail on investment intentions, hit by trade policy uncertainty, as well as core orders and shipments, which were flat through the September quarter.
For growth to persist at an above-trend pace, consumption must continue to fire. On this front, the upside surprise for the employment cost index in the third quarter, a 0.8% gain for total compensation, was promising. That said, annual income growth still remains relatively modest at 2.8%yr. To sustain the current pace of consumption, quarterly gains nearer 1.0% are consistently needed. We are not convinced this will occur. Instead, together with tighter financial conditions, we foresee a stabilisation in nominal household incomes around 3.5%yr in 2019. Absent dissaving, this would be consistent with real household consumption closer to 2.5-3.0% annualised than the current 4.0% pace. If consumption does slow, then together with a softening pulse for business investment and the loss of extraordinary support from fiscal policy (in late 2019), US growth will slow back to trend during 2019 and result in the FOMC going on hold after three more rate hikes to June 2019.
While debate over the US economy remains focused on whether growth will be at or above trend, for Europe the risk of sub-trend growth is building. From 2.7%yr in 2017, growth slowed to a 1.6% annualised pace in the first half of 2018. And now the first estimate for the September quarter has disappointed, coming in at just 0.8% annualised, below our estimate of trend growth, 1.2%yr. One-off factors were reportedly at play in the most recent three months, so more time is arguably needed to assess the trend. External demand has been the primary reason growth has slowed in 2018, but looking forward, domestic political risks are paramount. In addition to concerns over Italy, this week, the source of uncertainty was in Germany with Chancellor Angela Merkel announcing that she will not contest her CDU Party leadership this December. She intends to remain as Chancellor until the end of the Coalition Government’s term in 2021, but will not stand for re-election.
In the UK, the Brexit deadline grows nearer. With those clouds up ahead, the BoE left rates on hold this week while retaining their gradual tightening bias. The economy is described as “broadly in balance” with the domestic labour market tight and wages growth picking up more than expected. Indeed, if it were not for Brexit uncertainty, the Bank rate would be higher, with the BoE signalling that a smooth Brexit would see a steeper rate path.   
Finally to Asia, there we have seen moderating global growth and US trade policy continue to weigh on the manufacturing sector of China and other east Asian nations. For China in particular, domestic demand remains a positive, aided of late by stabilising business and infrastructure investment. However, going forward, the downtrend in employment growth poses a risk. This highlights why authorities are becoming more active in the management of the domestic economy and US’ tariffs effect on China’s external competitiveness.
Elliot Clarke is a Senior Economist for Westpac
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Housing is subduing inflation: Elliot Clarke

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Actress Claudia Karvan and longtime partner Jeremy “Jez” Sparks sold their inner Sydney warehouse on the eve of its scheduled weekend auction.
The undisclosed price was above its $2.7 million guidance for the East Redfern warehouse.
The four-level laneway residence sold to purchasers who lived in the neighbourhood.
Karvan, currently on a film shoot in the Middle East, and Sparks, an ­engineer, had owned the four bedrooms, three bathrooms space with a garage, for 15 years.
The 280 sqm property comes north-facing rooftop terrace with city skyline views,
“I can’t imagine ever leaving Redfern,” she told The Sunday Telegraph as they own elsewhere nearby.
<a href="https://www.realestate.com.au/property-house-nsw-redfern-129470602" target="_blank">The Charles St warehouse residence</a> (above) comes with a door from a Clovelly petrol station; railway ceiling lights from Carriageworks; teak doors from Bali and a steel staircase from a 1960s factory.
It’s among five residences in the former clothing factory purchased by Sparks’s family in 1994.
The focus was on the Sydney auction market this week as Melbourne has had low auction activity due to the Spring Racing Carnival. 
Click here <a href="https://www.propertyobserver.com.au/images/2018/11/5/CL-Nov5.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/2018/11/5/CL-Nov5.jpg" alt="">
The 801 Sydney auctions secured a preliminary 47 percent clearance rate, which is about three percent lower than last week.
The most expensive house reported sold was a five-bedroom, mid-century house at 2 Coolawin Road, Northbridge (below). The property with a deep-water jetty was sold for $4.81 million.
<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/2018/11/5/north.jpg" alt="">
Sales included five-bedroom hoarders' estate at Roseville Chase.
Items dating back more than half a century saw both the home and its yard full of rubbish.
Four of the 12 registered parties took the sale price to $1.763 million, some $263,000 above reserve for the 1100sqm holding at <a href="https://www.realestateview.com.au/real-estate/17-lockley-parade-roseville-chase-nsw/property-details-buy-residential-12168233/" target="_blank">17 Lockley Pd</a> which was was described as a “worst house, best street opportunity."
The buyers’ plan to rebuild.
In Melbourne's Fitzroy North a house vacated years ago after being gutted by fire sold for $970,000.
A young couple from the Fitzroy area won the keys, The Herald Sun reported.
There was heritage facade, but the rest of the 200 sqm space would require a full rebuild costing  another $400,000 to $800,000.
There were just the two bidders on the <a href="https://www.realestateview.com.au/real-estate/106-queens-parade-fitzroy-north-vic/property-details-buy-residential-12166608/" target="_blank">106 Queens Pde offering</a> (below).
<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/2018/11/5/fitz.jpg" alt="">
The house was announced on the market at $910,000 by the Sydney-based vendor.
Melbourne's top sale was the so-called White House at Wheelers Hill which fetched $2.02 million, well above the $1,690,000 to $1,859,000 price guidance.
It was built by the Temelli family on the 832sq m block at <a href="https://www.realestate.com.au/property-house-vic-wheelers+hill-129499326" target="_blank">110 Grandview Rd</a> (below) bought in 1986 for $78,000.
They finished the grand residence about eight years later.
<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/2018/11/5/Wheelers1.jpg" alt="">
Harcourts Judd White auctioneer Andrew Dimashki saw it sold to a family moving to Melbourne from China.
<div class="column">
Melbourne saw the most notable dip in volumes coming off the back of the second busiest week for auctions this year last week (1,709).
 
There were only 264 Melbourne homes taken to auction this week, returning a preliminary clearance rate of 50.5 per cent. Last week, a final clearance rate of 48.6 per cent was recorded across the higher volumes.
</div>
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
The first week of November saw fewer homes taken to auction across all the combined capital cities, after last week recorded the fifth busiest week for auctions this year with 2,928 offerings.
 There were a total of 1,529 auctions held returning a preliminary auction clearance rate of 47.4 percent, increasing only slightly on last week’s final clearance rate of 47 per cent. 
"As the remaining results are collected, the final clearance rate will see its usual downward revision and likely come in lower than last week," CoreLogic auction analyst Kevin Brogan noted.
 Over the corresponding week last year, a much higher 61.5 per cent of auctions were successful from 2,046 listings.
</div>
<div class="column">
Across the smaller auction markets, Adelaide was the best performing in terms of clearance rates with 57 per cent of auctions successful, while only 33.3 per cent of homes sold across Brisbane this week.
The Brisbane sales included a two bedroom apartment in a leafy pocket of Taringa that fetched $380,000.
The <a href="https://www.realestate.com.au/sold/property-unit-qld-taringa-129446218" target="_blank">1/22 Union Street listing</a> was last sold in 1997 at $397,000.
</div>
</div>
</div>
</div>
 
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jchancellor-FAypfDUnLy

Claudia Karvan sells East Redfern warehouse pre-auction

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EXPERT OBSERVATION
According to the latest CoreLogic Home Value Index results for October 2018, national dwelling values have fallen by -3.5% over the past year and are -3.5% lower than their peak. 
Although this is a pretty moderate fall it is interesting to take a look at what this means and where values sit historically.  
<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/2018/11/2/national.jpg" alt=""> 
A -3.5% decline in national dwelling values from their peak to October 2018 means that values are now the lowest they’ve been since January 2017.
Given this, if you’ve purchased a property any time since January 2017 it is likely that your property is worth less than you paid for it.
While home owners don’t like to see the value of their assets falling, to put this into perspective values are still 44.8% higher over the past decade and 209.9% higher over the past 20 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/2018/11/2/sydney.jpg" alt=""> 
In Sydney, dwelling values have recorded their largest annual decline since February 1990, falling by -7.4% over the year to October 2018 and now sitting -8.2% lower than their peak in July 2017.  
The Sydney dwelling value index is currently the lowest it has been since September 2016. 
Although values are currently falling, they are still 81.4% higher over the past decade and 220.1% higher over the past 20 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/2018/11/2/mel.jpg" alt="">
Dwelling values in Melbourne peaked in November 2017 and to October 2018 have fallen by -4.9%.
The Melbourne index is now at its lowest level since March 2017.  Over the 10 years to October 2018, values in Melbourne have increased by 74.7% and they are 295.4% higher over the past 20 years.
Based on this data, most home owners are still ahead however, recent buyers are likely to have seen values slip below the purchase price.
 <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/2018/11/2/brisbane.jpg" alt="">
Following a peak in April 2018, Brisbane dwelling values have fallen by -0.3% to October 2018. 
Although falls have only been moderate to date, values are at levels last seen in Brisbane in February 2018. 
A big difference between Brisbane and Sydney and Melbourne is that Brisbane has seen very little value growth over the past decade (16.1%) however, values are 185.3% higher than they were two decades ago.
<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/2018/11/2/adelaide.jpg" alt="">
Adelaide dwelling values sit at record high levels as at October 2018.
Although values are continuing to climb the rate of growth is moderate at just 1.8% over the past year.
Like Brisbane, Adelaide has seen very little value growth over the past decade, up by 23.7% with values 198.6% higher over the past two decades.
 <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/2018/11/2/perth.jpg" alt="">
Perth’s housing market has been in the midst of a correction since 2014 with dwelling values currently -14.2% lower than their June 2014 peak.
Based on index values, current values are the lowest they’ve been since June 2009. 
This means many recent buyers are in a position whereby the current value is lower than what they paid.
Over the past decade, values in Perth are -1.1% lower however, the previous decade was much stronger for value growth resulting in 20 year growth of 159.0%.
<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/2018/11/2/hobart.jpg" alt=""> 
Values have been rising at a rapid rate in Hobart over recent years and although the rate of growth has slowed a little of late, they remain at an historic high level.
Over the past decade, values in Hobart have increased by 42.9% with value growth much stronger over the previous 10 years with an increase of 230.0% over the past two decades.
 <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/2018/11/2/darwin.jpg" alt="">
Darwin has seen a substantial correction in housing values over recent years and as at October 2018, values were -23.6% lower than their May 2014 peak.
The last time dwelling values were as low as they are currently was November 2007.
This means anyone that has purchased over the past decade is likely to have a current home value lower than the purchase price.
This is reflected by the fact that values are -3.1% lower over the past decade.
NT housing data is only available from 1999 so over the 19 years to October 2018, values in Darwin are 77.8% higher.
 <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/2018/11/2/canberra.jpg" alt="">
Dwelling values in Canberra are continuing to rise and sit at historic high levels however, the rate of growth has slowed of late.  
Over the past 10 years, Canberra dwelling values have lifted 35.4% and over the past 20 years values are up 233.6%.
Although values in Sydney and Melbourne are seeing accelerating rates of decline, in the context of the run-up in values over recent years it has not greatly improved affordability. 
In fact in both cities values have only returned to levels seen a couple of years ago.  
CoreLogic expects values to continue declining over the coming months however, it is unlikely that these falls will make any significant improvement to affordability, especially in the absence of real income growth.
Although, if the declines continue for a number of years we could see a more substantial improvement in affordability as per what has occurred in Perth and Darwin following four years of ongoing value falls.
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ckusher-ujnxiKuFQs

Home values are falling, but how much is affordability improving? Cameron Kusher

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Marquee Development Partners has launched a new Gold Coast project, the $35 million Stanhill apartment development on Chevron Island.
The nine level building will be built on a 1,639 square metre site on the corner of Stanhill Drive and Weemala Street.
Its will offer views of the waterways and Surfers Paradise skyline.
Marquee Development Partners' CEO Mark Spedding says initial buyer demand has exceeded expectations.
"We built an eight level viewing platform on site so prospective buyers could witness the spectacular vistas on offer, and this has resulted in a number of reservations taken," he said.
The BDA Architects designed project has builder Rawcorp to construct from this December, with buyers expected to move in the first quarter of 2020.
<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/2018/11/1/CHEVRON_R3_LIVING_HI_RES_FINAL_2.jpg" alt="">
"Chevron Island is undergoing a renaissance through urban gentrification,  led by the ongoing development of the Home of the Arts (HOTA), which will soon boast a new $60 million art gallery as part of a planned $380 million cultural precinct” he said.
"With early works underway to establish a green pedestrian and cycle bridge linking Chevron Island to HOTA, residents will soon be less than a five-minute walk from the best music, art and entertainment the city has to offer."
Stanhill comprises a mix of spacious two and three bedroom apartments, priced from $499,000 to $799,000.
Stanhill Chevron Island is Marquee Development Partners' second Gold Coast project, following the success of its Peninsular Residences tower in Surfers Paradise, which is already sold-out and under construction
Marquee Development Partners have delivered the award-winning luxury Haven Newstead and Fleet Lane South Brisbane apartment towers.
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New $35 million Chevron Island luxury apartment building launched

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The REIV is expecting about 270 auctions in 161 suburbs this weekend, lower the normal given the Spring racing carnival.
The top auction locations this week are Craigieburn (10) and Rosebud (7), followed by Belmont and Frankston with six and five auctions respectively.
<table border="0" cellspacing="1" cellpadding="1"><tbody>
<tr>
<td>Last weekend</td>
<td>
1473 auctions (exc. 46 postponed and 91 withdrawn)
</td>
</tr>
<tr>
<td>
This weekend
</td>
<td>
270 auctions
</td>
</tr>
<tr>
<td>
This weekend last year
</td>
<td>
71% from 278 auctions
</td>
</tr>
</tbody></table>
Next weekend the auctions pick up when on there will be 1190 auctions.
The there will be a 17/18 November peak with 1430 auctions.
In three weeks’ time, 24/25 November, the auctions slip back to 1020 auctions.
A three bedroom Craigieburn house has been scheduled for auction on November 3 with $400,000 to $440,000 hopes (pictured above).
Situated at <a href="https://www.realestate.com.au/property-house-vic-craigieburn-129519378" target="_blank">36 Cimberwood Drive</a>, the low maintenance home consists of lounge room, open plan kitchen, dining, three large bedrooms with BIRs, central bright bathroom and car space..
It is centrally located close to several schools, main Craigieburn shopping centres and other general living amenities including transport.
<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/2018/11/1/craigieburn%202.jpg" alt="">
Another example in Craigieburn is a four bedroom house priced at $550,000 to $605,000 (pictured above).
It also has been scheduled for going under the hammer on November 3.
The house situated at <a href="https://www.realestate.com.au/property-house-vic-craigieburn-129206942" target="_blank">32 Montpellier Crescent</a> features two living areas, four generous-sized bedrooms, modern kitchen and alfresco with landscaped garden and great sized back yard.
It is located close to local schools, public transport, parkland and Craigieburn central shopping centre.
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Spring racing carnival triggers Melbourne auction dip

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A three bedroom Tyndale, NSW home on the Pacific Highway has been sold by mortgagees.
Situated at <a href="https://www.realestate.com.au/sold/property-house-nsw-tyndale-129471026">3220 Pacific Highway</a> the three bedroom one bathroom house is just a 10 minute drive to the Maclean CBD.
Located opposite the South Arm of the Clarence River the home sold for $170,000 at auction.
The late 1960’s low-set brick home is set on a 4,047 sqm block.
The home features a formal lounge room, combined kitchen and dining area plus a single lock-up garage and storage room. 
According to CoreLogic the home last sold in 2011 for $7,000.
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Three bedroom Tyndale home sold by mortgagees

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A two bedroom one bathroom home on the western edge of Goombungee, QLD has been sold by mortgagees.
Located at <a href="https://www.realestate.com.au/sold/property-house-qld-goombungee-129145010" target="_blank">15 Nicholas Street, Goombungee</a>, the home sold for $92,000.
The small, low-set home is situated 20 km from Kingsthorpe and 40 km from Toowoomba.
Set on a 1,012 sqm block the home also features two car accommodation.
Last sold in 2009 the home went for $140,000.
The median sale price for the suburb of <a href="/developments/goombungee-qld-4354">Goombungee is $258,750</a> according to CoreLogic.
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Two bedroom Goombungee home sold by mortgagees

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A two bedroom one bathroom Wallendbeen, NSW home has been sold by mortgagees.
Located at <a href="https://www.realestate.com.au/sold/property-house-nsw-wallendbeen-128491338" target="_blank">23 Young Street, Wallenedbeen</a> the 'hardi-plank' home is set on a 2,040 sqm block.
The holding is situated 20 km from Harden; 20km from Cootamundra; 30 km to Young; and 140 km to Canberra.
Featuring front and rear verandah's the home contains established trees and gardens plus it is fully fenced.
The home was sold for $85,000 marking the first time the home has been sold since construction.
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