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>
Construction has begun on Melbourne Connect, located on the site of the former Royal Women’s Hospital.
The Woods Bagot-designed building is being developed by the University of Melbourne in partnership with a consortium led by Lendlease.
The building will be home to retail, cafes, accommodation for more than 500 students and visiting academics, a childcare centre, a co-working and commercial office space, a fabrication laboratory and Science Gallery Melbourne.
The design features a 3260 square metre ‘superfloor’ on the mezzanine level connecting the buildings that make up Melbourne Connect.
Woods Bagot principal and project architecture lead Hazel Porter says that working with CLT demonstrates the future-focused nature of the project.
"CLT stands out for its sustainability, versatility, strength and aesthetic. Long championed by Lendlease, its benefits translate to safer working environments, improved quality and faster construction time on site due to prefabrication," said Porter.
"It’s inspiring to use a technologically innovative product in an equally ground-breaking project."
The building will host to pitch nights, hackathons and masterclasses, workshops – providing opportunities to actively engage with government and industry. Childcare facilities will span the upper floors to the rooftop terrace.
Melbourne Connect is valued at $425 million and will open in late 2020.
<img src="https://meltwater-apps-production.s3.amazonaws.com/uploads/images/5517a5284ffc3303314f6c3d/blobid0_1540882085792.jpg" width="497" height="522" data-imagetype="External">
</body></html>

j.ballantyne1990-6AQqhLzZaK

Construction begins on Melbourne Connect

<html><body>
A 4,061 sqm development site has sold for $1,725,925 in the Qld precinct of Pinkenba.
Situated at <a id="LPlnk178308" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZG4jiEtYQ3WeHgR+6sb+yJYFCnt4bM25Eg0+tCWWf1g38=&amp;rh=ff0042a840c2aec0c81af767c74e83c1f4d3cb3a" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">49 Harris Road</a>, the deal was jointly brokered by Ray White Commercial Queensland’s Director Sales and Leasing Paul Anderson and Sales and Leasing Executive Aaron Aleckson.
“Land speculators are attracted to the Pinkenba story; the TradeCoast location, Brisbane Airport proximity, the new Cruise Ship Terminal and just the very high level of construction activity in the precinct,” Mr Anderson said.
One of 10 in the 'Airport Link' an industrial sub-division comprising land sites in area from 2,036 sqm to say 8,351 sqm.
The holding is just 21 minutes to Brisbane CBD and 15 minutes to Brisbane Airport by car.
“The difference that this estate offers to most industrial land in Pinkenba is sewer connectivity and the attractive GI B zoning,” Mr Aleckson said.
The site was sold to a private purchaser.
</body></html>

Pinkenba development site sells for over $1.7 million

<html><body>
Developer Pindan has taken the wraps off its luxury Mahala Mermaid Beach project, which was officially launched to the market on the weekend.  
Mahala offers two and three bedroom apartments with two car bays, overlooking Hedges Avenue and just metres to the beach. 
Purchasers are now able to visit a custom built sales and display suite located at <a href="https://www.pindan.com.au/mahala-mermaid-beach" target="_blank">15 Peerless Avenue</a> to view a model of the project, see the finishes and learn more about Mahala, with an app allowing the agents to showcase the project, its floorplans and the potential views from apartments in an interactive manner. 
Colliers International residential director Andrew Roubicek, who is marketing Mahala, says he anticipates a busy week ahead considering the strong interest in the project recently. 
<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/2018/10/29/mermaid%20beach%202.jpg" alt=""> 
"We have now had well over 500 enquiries from prospective purchasers living locally as well as from Brisbane and interstate," Roubicek said.  
"Locals who are looking to make Mahala their home are saying the fact the vast majority of apartments are being sold with two carparks is a big drawcard, along with the prime location close to Hedges Avenue. 
"We also have a number of interstate buyers interested in a lock and leave holiday home and these people have been impressed by Mahala's resort-style amenities, including a residents' entertainment terrace which boasts a pool, barbeques, cabana, lounge and private dining room, along with a secure grocery and parcel delivery facility. 
"Mahala is unlike any development delivered in the highly sought after Mermaid Beach area to date and it will continue to stand apart in its quality design and lifestyle offering." 
Mahala's two bedroom, two bathroom, two car bay apartments start from $735,000, with three bedroom, two bathroom, two car bay apartments available from $1.4 million. 
Developer Pindan boasts more than 40 years’ experience, including expanding its operations to the East Coast over the past five years, with its funds management arm - Pindan Capital - overseeing $1.7 billion of development projects across Australia.
</body></html>

Mahala Mermaid Beach launched

<html><body>
Penthouses in the new Cirrus development in Canberra’s Belconnen have sold out.
There will be eight penthouses at the 167 Emu Bank project and they will range from 200 to 300 square metres.
The project is expected to be completed in mid-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/2018/10/22/Cirrus-Penthouse-Terrace.jpg" alt="">
Colliers International Project Marketing Executive, Grace Wang said that the penthouses benefited from north facing views, outdoor terraces, spa-like bathrooms and a town centre location.
 “It has been painstakingly designed so every apartment faces north, which in our city is the perfect orientation for sunlight and warmth, and looks out toward Lake Ginninderra,” Wang said.
“Each apartment has been designed with attention to detail, such as custom joinery, and share beautiful public spaces inspired by resort amenities including a pool and gym floor and grand entrance lobbies.
“The quality and thought that has gone into the Cirrus penthouses reflects that of the whole development.
“They have expansive outdoor spaces flowing from the living areas where views of the lake and lush surrounds can be enjoyed, at least three bathrooms and bedrooms, and floor to ceiling windows, all perched atop one of Belconnen’s tallest residential buildings.”
Colliers International Project Marketing Executive, Richard Moses said the project has attracted downsizers from nearby suburbs as well as couples and families.
“Proximity to Emu Bank, lake walking paths, and the popular Belconnen Shopping Centre as well as the fact residents won’t even have to leave the building to access fine restaurants and commercial spaces on the ground floor, all make Cirrus a development to be excited about,” Moses said.
</body></html>

Penthouses at Cirrus in Canberra's Belconnen sell out

<html><body>
A three bedroom one bathroom Mount Isa home has sold for $240,000.
Located at 83 <a href="https://www.realestate.com.au/sold/property-house-qld-mount+isa-128747654" target="_blank">Webb Street, Mount Isa</a> the house is within 2 km of 5 schools.
Built in 1965 the home features a fireplace, bar and a pool. 
Set on 1,012 sqm the holding sold just a year ago after over 3 years on the market.
The home last sold in early 2017 for $285,000.
Listed as a rental in June last year at $300 per week the home sold this year after only 91 days.
</body></html>

Three bedroom Mount Isa home sold by mortgagees 

<html><body>
A four bedroom home located in Queensland's gated estate Oyster Cove, has sold.
Located at <a href="https://www.realestate.com.au/sold/property-house-qld-helensvale-128642598" target="_blank">35 Prosperity Drive, Helensvale</a> the four bedroom three bathroom home sold for $1.2 million.
Set on a 1086 sqm block the one story house features 29 metres of waterfront access and its own pontoon.
<img src="https://www.urban.com.au/images/2018/10/29/Helens%202.JPG" alt="">
The property also holds a fully tiled heated pool.
The home last sold in 2012 for $950,000 which was a reduction on its sale price in 2006 of $1.1 million
The median sale price for a home in the suburb of <a href="/developments/helensvale-qld-4212">Helensvale</a> is $606,000 according to CoreLogic.
</body></html>

Four bedroom Helensvale home sold by mortgagees

<html><body>
EXPERT OBSERVATION
Unemployment fell to a six year low of 5% in September. If you look at the labour market holistically, the large monthly drop looks like survey volatility rather than a new lower trend. Nevertheless, it is our view that the labour market is sound and that unemployment has been trending down.
Westpac forecasts the unemployment rate to hold above 5% to end 2018 before a soft patch in the June quarter 2019 (due to both election uncertainties and correction to the 2017/2018 strong patch) will lift unemployment to 5.3%. Once past the soft patch, steady employment growth will take unemployment back down to 5.0% by end 2019 and 4.8% by end 2020. 
We use business and household surveys to guide our near term employment forecasts while our medium term profile is driven by our fundamental view on household demand, services exports and non-mining investment.
Our participation forecasts are dynamic responding to changes in employment growth. The forecasts are, however, bound by the assumption that participation will not hit a new record high.
Household and business surveys guide the near term
When forecasting the near term pace of employment growth we use the labour market indicators from the household and business sentiment surveys.
From the Westpac-Melbourne Institute Consumer Sentiment Survey there is the question on household unemployment expectations (do they expect unemployment to rise or fall?) which has a good fit with the momentum in the labour market. Unemployment expectations have risen modestly (households expect unemployment to rise a little thus a softening in the labour market) but still holding a historically robust level. However, employment overshot unemployment expectations through the second half of 2017 so an undershoot through to the mid 2019 would be a normal course of events.
The multiple business surveys in Australia have questions that are applicable to the labour market. To generate a broad, deep labour market indicator, Westpac compiles all the relevant indicators from these surveys into the proprietary Westpac Jobs Index from which we generated a simple model of annual employment growth. It is true that the Jobs Index is more stable than the annual pace of employment growth but we have found it provides a useful guide on both the near term pace of employment growth and, more importantly, major turning points. Currently the Jobs Index is pointing to employment growth of 2½%yr. Actual employment growth in the second half of 2017 overshot the jobs index. Looking ahead we expect employment growth to undershoot the job index through to early 2019.
Using these indicators we expect the pace of employment growth to hold around current levels through to the end of the first quarter of 2019. This will see the annual pace dip to around 2% by end 2018 which is softer than what our indicators are suggesting in response to our allowance for some employment undershoot following the 2017 overshoot.
Looking further out household demand and non-mining investment drive our forecasts
<div>Looking further out our fundamental economic view defines our employment profile. There are various indicators you can use to do this, and multiple ways to generate a model, but we have found that simple models based on well understood measures best suit our needs for a 'not-just-reliable' guide but also one that is simple to understand and explain. The two economic fundamentals we use are adjusted household demand (which is household consumption, housing activity – both dwelling construction and renovations – and net services exports) and non-mining business investment.Annual growth in adjusted household demand peaked at 4.4% in the second half of 2015 before slowing to 2.2% in the first quarter of 2018. We have found that the growth in adjusted household demand has a two quarter lead on quarterly growth in employment. Again, as we saw with the near term employment leading indicators, employment growth has outpaced our adjusted household demand model's estimates, stretching from 2017 Q2 to 2018 Q1. As such, our forecasts incorporate a period of employment undershoot before returning to fundamentals in the last quarter of 2018. By end 2018 our model suggests employment should be growing a little more than 20k per month on average.Non-mining investment staged a relatively modest recovery lifting to almost 8%yr in the March quarter from where we are forecasting the pace to flatten to around 0%yr in early 2019. The recent peak is quite modest compared to what was seen back in the late 1990s and the first half of the 2000s when the pace often peaked around 20%yr. Nevertheless, the recent increase does point to a very modest near term lift in employment growth through 2018 before it slows in late 2019. And there is also the issue of the 2016/2017 overshoot. Given the expected correction, we see employment through to the end of the first half of 2019 undershooting the model's estimate (an average monthly gain of around 25k). </div>
Participation has peaked, for now, but will recover as employment recovers
Once you have an employment profile, an estimate of participation is required to round out the forecasts. As readers would be aware, the strong employment growth through 2017/2018 did not lead to a large fall in unemployment as participation lifted from an October 2016 low of 64.4% to a January 2018 high of 65.8%. In the September Labour Force Survey, the fall in the unemployment rate to 5.0% was supported by a sharp 0.24ppt dip in participation to 65.44%. The all time record high in participation was 65.79% in November 2010. It recently hit 65.78% in January 2018.
There are two factors to consider in regards to participation. The structural longer run issue, such as rising female participation, education, aging population etc and the short-run dynamics where participation rises and falls with employment. In the long-run the cross currents of rising female participation and declining male participation (associated with an aging population - for now females are pushing out their age of retirement so the aging population is not a net negative for them) suggests we may have past a medium term peak in participation. Our forecasts focus on the short-run dynamics of participation associated with employment bounded by our view we have seen a structural peak.
A further reason to be cautious about lifting the participation rate back to record peaks is the observation that the recent improvement in male employment has not produced the lift in male participation that it has in the past. In fact while annual growth in male employment has lifted, the annual change in male participation has moderated.  On this basis the participation rate drifts up a little through to the first quarter of 2019, before it drifts down a little as employment slows, limiting the rise in unemployment to 5.3%. Through the second half of 2019 and into 2020, employment lifts to an around trend pace and the participation rate continues to drift higher but remains short of the most recent peak of 65.78%.
Unemployment set to drift down to less than 5% by end 2019 while the rise in employment to population will remain shy of a new record high 
Once you have an employment and participation profile you can generate a profile for the unemployment rate and, as a cross check, an employment to population profile (including population estimates). Our forecasts result in the unemployment rate rising to a peak of 5.3% in the June quarter of 2019 before easing back to 5.0% year end then trending down to 4.8% by end 2020. The employment to population rate dips a little from 62.2% to 62.1% by the June quarter 2019 before entering a trend rise to 62.6% by end 2020. While not returning to the previous peak of 62.9% (August 2008) employment to population rises over this period highlighting that an employment pace of 2% is slightly faster than our current estimate of population growth.
Justin Smirk is a Senior Economist for Westpac
</body></html>

Westpac predicts employment will remain strong: Justin Smirk 

<html><body><div id="ucs" class="mw">
<div class="std uc card-section f ucm">
<div class="std uc card-section f ucm">A knockdown house in Melbourne's Armadale that sold for $7.8 million last November attracted a $5.7 million top bid at its weekend auction.</div>
<div class="std uc card-section f ucm"> </div>
<div class="std uc card-section f ucm">
<a href="https://www.realestate.com.au/property-house-vic-armadale-129474474" target="_blank">The four-bedroom, two-bathroom house</a> on a 1210-square metre block now comes with a $6.2 million asking price.</div>
<div class="std uc card-section f ucm"> </div>
<div class="std uc card-section f ucm">Reports when it sold last November for $7.8 million indicated a crowd of 80 onlookers watched three bidders – all developers – slug it out for the large 1920s residence.</div>
<div class="std uc card-section f ucm"> </div>
<div class="std uc card-section f ucm">The property was auctioned last year by RT Edgar with the buyer then losing the deposit.</div>
<div class="std uc card-section f ucm"> </div>
<div class="std uc card-section f ucm">Quoted at $7 million, RT Edgar auctioneer Mark Wridgway sold the deceased estate at $500,000 above reserve.</div>
<div class="std uc card-section f ucm">
The property went to a late bidder at its 2017 auction who stepped into the ring just before the listing was declared on the market at $7.325 million.
The four-bedroom house with extensive rear grounds was signalled as set to get a cosmetic renovation before being redeveloped at a later date as a single new home.
</div>
<div class="std uc card-section f ucm">The weekend auction was conducted by Marshall White.</div>
<div class="std uc card-section f ucm">  </div>
<div class="std uc card-section f ucm">It last sold in 1976 for $130,000.</div>
<div class="std uc card-section f ucm"> </div>
<div class="std uc card-section f ucm">Television viewers might think that Melbourne real estate is still very strong as all five apartments in The Block Gatwick sold under the hammer at weekend auction.</div>
<div class="std uc card-section f ucm">
<div class="page" title="Page 1">
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
But its 100 percent success rate achieved by the Channel Nine renovation series was not reflected in reality, as just short of half of Melbourne vendors secured their own home sale at weekend auctions.
St Kilda's other six apartment weekend offerings saw just two sales.
The St Kilda auction success rate over the September quarter was calculated a 51 percent clearance rate by CoreLogic.
The national weekend auction levels sat the highest level since March with 2,919 homes taken to auction across the combined capital cities.
Click here <a href="https://www.propertyobserver.com.au/images/2018/10/29/CL-stats.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/2018/10/29/CL-stats.jpg" alt="">
The higher volumes were largely due to Melbourne vendors who are rushing to auction prior to the Melbourne Cup Carnival slowdown where volumes will temporarily wane.
</div>
</div>
</div>
</div>
Melbourne's top sale was in Brighton where a distinctive French Provincial style home sold for $6.1 million (below).</div>
<div class="page" title="Page 1"> </div>
<div class="page" title="Page 1"><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/2018/10/29/bright.jpg" alt=""></div>
The price guidance had been $5 million to $5.2 million for <a href="https://www.realestate.com.au/property/4-moule-ave-brighton-vic-3186" target="_blank">the house with 60 squares of internal living</a>.
It was marketed as having "meticulous finishes and versatile, gallery-inspired spaces."
It came with six bedrooms and five bathrooms.
The house previously sold for $3,500,000 in March 2006.
There was a $5.85 million result at 37 Elizabeth Street, Malvern of a <a href="https://www.realestateview.com.au/real-estate/37-elizabeth-street-malvern-vic/property-details-sold-residential-12146799/" target="_blank">Nicholas Day-designed home</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/2018/10/29/Malvern1.jpg" alt="">
It had $5 million to $5.5 million price guidance from Jellis Craig.
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
Melbourne was host to 1,706 auctions making it the second busiest weekend this year.
The preliminary Melbourne results show a clearance rate of 49.8 per cent, up from the revised 45.7 per cent outcome on the prior weekend, which was the lowest clearance rate seen since June 2012.
Over the same week last year, the Melbourne auction clearance rate was significantly higher with 70 per cent of the 1,983 auctions returning a successful result.
</div>
</div>
</div>
</div>
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
There were 796 auctions held in Sydney, up from 675 last week, although substantially lower than the 1,215 homes taken to auction this time last year.
Corelogic put the preliminary results at 50.7 per cent, up from the revised 44.6 per cent last week which had seen an initial 52 percent preliminary rate.
"The final auction clearance rate has been sitting below 50 per cent for four consecutive weeks now, and it is likely to be the case again this week as final results are collected," CoreLogic auction analyst Kevin Brogan said.
Sydney one year ago had a clearance rate of 58.3 per cent.
The highest Sydney weekend sale was the five bedroom Yarrawin, at <a href="https://www.realestate.com.au/property-house-nsw-darling+point-129472518" target="_blank">13 Etham Avenue, Darling Point</a>, (below) which sold at its $5 million reserve shortly after its auction.
<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/2018/10/29/darling.jpg" alt="">
Across the smaller auction markets, preliminary results show a weekly improvement in clearance rates across all cities except Brisbane.
But only Adelaide's 67 percent success rate sits higher than the same time last year when it was 62 percent.
</div>
</div>
</div>
</div>
</div>
</div>
</div></body></html>

Armadale trophy home site listing sees possible $2.1 million price fall

<html><body>
Adelaide clearances rates are slightly lower across both houses and units compared to last spring, according to CoreLogic.
It suggests 658 houses have been taken to market across Adelaide so far this spring with 61.3% selling, which is only slightly lower than the 62.5% last year when a higher 710 auctions were held over the same period.
Units have seen 11 fewer auctions held year on year, with 46.3% selling, compared to the 49.1% sold last year.
<a href="https://www.propertyobserver.com.au/images/2018/10/25/adelaide%20corelogic.jpg" target="_blank">Click here </a>to open graph in new window
<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/2018/10/25/adelaide%20corelogic.jpg" alt="">
</body></html>

Adelaide clearance rates slightly down from last year: CoreLogic

<html><body>
A three bedroom house in Peterborough, a town in the mid north of South Australia, has been sold for $53,000.
It was sold by Jeff &amp; Gerda Oakle from Landmark Harcourts SA.
<a href="https://www.realestate.com.au/sold/property-house-sa-peterborough-125860254" target="_blank">Located at 200 Railway Terrace</a>, the house features three bedrooms, lounge room, open plan kitchen/dining room and laundry area.
Other features include a single car port, paved rear entertaining area, garden shed and wood shed.
Set on 835 sqm the home last sold for $35,000 in 2007.
The suburb's median house price sits at $735,000, according to CoreLogic.
</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