Brisbane-based developer <a href="https://www.apartments.com.au/developers/azure">Azure</a> is has been greenlit for its $115 million residential project within the Gold Coast Health and Knowledge Precinct in Southport

Following the acquisition of the site at <a href="https://www.apartments.com.au/new-townhouses/1-clarke-street-southport-qld-4215">1 Clarke Street</a> in October 2025 with development application Lodgement in January 2026, Azure has been granted approval for the 114 terraces which will form the final stage of the wider Lumina development.

“It’s a fantastic milestone for us to receive the green light on our second Gold Coast project,” said Trent Keirnan, Founder of Azure.

“The Gold Coast continues to evolve, with demand for considered, high-quality residences at an all-time high. This project has been thoughtfully shaped to respond to that demand.

“We’ve worked closely with Economic Development Queensland to bring this project forward, and the collaboration has been both proactive and highly considered. Their shared commitment to quality housing outcomes has enabled a streamlined approvals process and a strong result for the precinct.”&nbsp;

Appealing to a wide demographic, the project will deliver a range of two- and three-storey designs comprising a collection of three-bedroom terrace homes as well as one- and two-bedroom apartment-style residences. The designs by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a>&nbsp;focus on&nbsp;“urban coastalism”.

Residents will have access to an array of lifestyle amenities, including a resort-style pool with multiple lounging zones and landscaped gardens.

The residential offering will support the thriving Health and Knowledge Precinct, which includes Griffith University, Gold Coast University Hospital, Gold Coast Private Hospital and the new RDX Lumina and Proxima Towers, which are home to a range of health, education and research tenancies, including a 200-place childcare centre.

Azure aims for an off-market release for the project in the third quarter of this year, at the same time as construction is anticipated to start.

Joel Robinson

Azure approved for new townhouse development in Southport

Fortis has secured approval for a 57-room hotel at Richmond Square, marking another milestone in the delivery of the $330 million mixed-use precinct in Melbourne's inner east.

The hotel will occupy Levels 1 and 2 of Carmine House and forms part of Fortis' vision for Richmond Square, a precinct that will bring together apartments, hospitality, wellness and lifestyle offerings between Richmond and Cremorne.

Once complete, <a href="https://www.apartments.com.au/new-apartments/richmond-square-1-wiltshire-street-richmond-vic-3121">Richmond Square</a> will comprise 107 residences across Wiltshire House and Carmine House, alongside the hotel, hospitality venues, wellness facilities and a range of services aimed at both residents and visitors.

[smartcode_project:default project_id=13181 project_image_fid=348529]

The approval adds another layer to what Fortis is creating at Richmond Square, as developers increasingly look beyond standalone apartment buildings and towards mixed-use precincts that provide amenity and activation beyond the front door.

Jordan Winada, Head of Acquisitions (Commercial) Victoria at Fortis, said the approval was an important step in delivering the broader vision for the project.

"Richmond Square has always been about creating a destination rather than simply delivering residential apartments," Winada said.

"As buyer expectations continue to evolve, we're seeing increasing demand for developments that offer convenience, connection and access to high-quality experiences and amenity as part of everyday life.

"The hotel approval allows us to further realise that vision and create a precinct where residential living is complemented by hospitality, services and amenity in a way that is rarely seen in Melbourne's CBD and city fringe."

[smartcode_project:default project_id=13181 project_image_fid=348530]

The hotel will also support a range of optional services for residents of Carmine House, including housekeeping and linen refresh programs, laundry and dry-cleaning services, in-residence food and beverage delivery, grocery and pantry stocking services, and concierge assistance.

The approval comes as owner-occupiers continue to dominate Australia's new apartment market, with buyers increasingly seeking developments that offer convenience, flexibility and lifestyle amenity alongside their homes.

Winada said buyers are now placing greater emphasis on the broader precinct and surrounding amenity when making purchasing decisions.

"Residential amenity is no longer limited to what sits within an apartment building. Buyers are increasingly assessing the broader lifestyle ecosystem surrounding their home and the ways in which a precinct can support their day-to-day needs.

"Richmond Square has been designed to provide that experience through a carefully curated mix of residential, hospitality and lifestyle offerings that work together to create a more connected way of living."

[smartcode_project:default project_id=13181 project_image_fid=348534]

The hotel is expected to open in early 2027, with the operator to be announced later this year.

Further hospitality, retail and lifestyle tenants are also expected to be revealed in the coming months as Fortis continues to shape the offering at Richmond Square.

[smartcode_project_cta:default project_id=13181]

Fortis approved for hotel component of Richmond Square precinct

Having successfully expanded into a new region with its Caloundra apartment development, Sunset by Dusk Group, growing South East Queensland developer Dusk Group is again venturing into new territory.

The developer has lodged plans for a 70-apartment project in the Moreton Bay region, to be known as <a href="https://www.apartments.com.au/new-apartments/sunrise-on-sutton-25-sutton-street-redcliffe-qld-4020">Sunrise on Sutton</a>, named after its prime Sutton Street location, just one street back from Suttons Beach.

<img alt="Sutton" data-entity-type="file" data-entity-uuid="88a9f9ee-6ace-47f5-a0c6-8fb134b27e98" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-15%20at%209.20.42%E2%80%AFAM.png?VersionId=iMXmJ7_BNZAmCt.jjupMSLdV_Qa9zJAK" />

Dusk Group Directors Huw Feeney and Anthony Short seized the opportunity to acquire the near-1,800 sqm amalgamated corner site at Sutton and Ella Streets for their first project in the area.

They have again enlisted MAS Architecture Studio, the architects behind Sunset by Dusk, to design the new eight-storey development.

The building will comprise a mix of one, two and three-bedroom apartments and has been designed to maximise views towards Suttons Beach, Margate Beach and Moreton Bay.

Pending approvals, the project could launch before the end of the year.

<img alt="Dusk" data-entity-type="file" data-entity-uuid="90c0c26c-096c-4ceb-8c58-f8303aea542f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-15%20at%209.20.49%E2%80%AFAM.png?VersionId=nw8bqQtpOrf5nA95tuYhtqdB59YUzmO0" />

The development will provide 111 car parking spaces and 40 bicycle spaces.

Positioned within walking distance of Suttons Beach, Bluewater Square, Redcliffe Hospital and the Redcliffe Paceway, the development will sit within one of the peninsula's increasingly urbanised coastal pockets.

Redcliffe's new apartment market remains exceptionally tight, with Gardner Vaughan Group's One Redcliffe currently the only new apartment development actively being marketed in the beachside suburb.

It's another beach-focused development for Dusk Group, who has seen considerable success at its Caloundra apartment development, <a href="https://www.apartments.com.au/new-apartments/sunset-by-dusk-group-caloundra-5-7-bombala-terrace-caloundra-qld-4551">Sunset by Dusk Group</a>.

Over 80 per cent of the 36 apartments have sold ahead of its early 2027 completion.

&nbsp;

First look: Dusk Group targets Suttons Beach precinct with 70-apartment Redcliffe proposal

Leading Brisbane developer <a href="https://www.apartments.com.au/developers/consolidated-properties">Consolidated Properties Group (CPG)</a> has completed and settled $450 million worth of apartments at Monarch Residences in Toowong, marking one of Brisbane’s most significant and prestigious riverfront residential completions in recent years.

The final apartment at Monarch sold at auction on the 30th May for $4.1m.&nbsp;

The milestone has been marked at a ribbon-cutting ceremony at <a href="https://www.apartments.com.au/buildings/monarch-residences-toowong-600-coronation-drive-toowong-qld-4066">Monarch Residences</a>, with Cr Penny Wolff highlighting the importance of completing major residential projects to boost the city’s much-needed housing supply.

The 224 apartments, delivered across two 15-level towers, are now officially in the hands of owners, including Brisbane downsizers, families and professionals who have traded traditional houses for apartment living. The completion underscores sustained demand for absolute riverfront living in Brisbane’s inner west.

<img alt="$450M Monarch Residences sells out as Brisbane riverfront demand surges" data-entity-type="file" data-entity-uuid="56ae05e9-092f-41f0-98a1-a10984fdd171" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ROBNN_MONARCHLAUNCHEVENT-131.jpg?VersionId=p76J6weGZqseNrE6aOAjmAHUah.y65Gd" />

Monarch Residences was planned and delivered over four years on a 1.2-hectare parcel with more than 130 metres of direct frontage to the Brisbane River, occupying one of the last remaining true riverfront sites of its scale and orientation within close proximity to the CBD. The site has been transformed from an underutilised, derelict block of land, into a thriving residential precinct with Middenbury House at its centre.&nbsp;

Consolidated Properties Group CEO and Chairman Don O’Rorke says the project’s completion represents the culmination of years of careful planning, design collaboration, market conviction and outstanding team delivery.

“We announced Monarch Residences in late 2021 and it’s been one of the most strongly received residential projects in our 45-year history,” Mr O’Rorke said.

"We are incredibly grateful to the outstanding team who helped bring Monarch Residences to life. A special thank you to Hutchinson Builders and their hardworking labour force for delivering a development of exceptional quality that our residents will be proud to call home for many years to come.

“Brisbane City Council and Titles Queensland also played a huge role in getting residents into their homes early through the pilot programs they ran to speed up the approval processes. They understand the challenges of the housing industry and are doing something about it.”&nbsp;

[smartcode_project:default project_id=113455 project_image_fid=211466]

Consolidated Properties Group Head of Residential, James MacGinley said Monarch Residences showed what could be achieved when private industry and government worked together to deliver new housing for Brisbane.

“Monarch Residences has delivered more than 200 new apartments in Brisbane’s inner-west at a time when additional housing supply is critically important,” MacGinley said.

“It’s fantastic to see residents now moving into this landmark riverfront development, which reflects the strength of collaboration between Council and the project team throughout delivery.

“All government agencies played a significant hand in achieving a fast-tracked outcome for Monarch Residences with Brisbane City Council, Urban Utilities, Energex and Titles Queensland assisted to remove hurdles to achieve settlements.”

[smartcode_project:default project_id=113455 project_image_fid=302326]

With Monarch Residences now complete, CPG has launched River Living, a bespoke on-site property management service designed to enhance the resident experience. The service will support all future CPG residential projects, including the recently announced <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> in Yeerongpilly and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a> in Newstead.

The completion also marks the opening of a prized leasing opportunity at the heritage-listed Middenbury House, built in 1865 and which has been carefully restored and integrated into the broader masterplan.&nbsp;

CPG said the adaptive reuse of the landmark riverfront residence presents an opportunity to introduce a complementary boutique tenancy that respects the site’s historic significance while activating the riverfront frontage.

[smartcode_project:default project_id=113455 project_image_fid=211495]

Colliers Director of Residential Andrew Scriven said the move-in phase highlights continued demand for completed premium riverfront apartments in Brisbane.

“Residents are now experiencing firsthand the scale, craftsmanship and irreplaceable riverfront position that Monarch offers,” Scriven said.

“Opportunities to secure a brand-new, completed residence on Brisbane’s absolute riverfront are exceptionally rare. Combined with the proven track record of Consolidated Properties Group and Hutchinson Builders, combined with a design vision brought to life by some of Australia’s leading architects and designers, Monarch represents a unique opportunity to purchase a home of enduring quality and prestige.”

Monarch Residences was designed in collaboration with Melbourne-based architect Wardle Studio, alongside leading national practice Cottee Parker, with construction delivered by Hutchinson Builders.

[smartcode_project_cta:default project_id=113455]

Consolidated Properties Group sells out Monarch Residences as Brisbane riverfront demand surges

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.

First look: HSN, Rebel, advances Woolloomooloo precinct plans

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?

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

soliver-smf6LQXgW9

Australian capital city dwelling prices fell for the tenth month in a row: Shane Oliver

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<div>
The first weekend of September saw far fewer auction listings and even fewer willing sellers than the opening salvo of spring last year.
But an Abbotsford veggie garden, with chook pens, water tank and a shed, attracted three bidders to fetch $1.26 million.
The <a id="x_mcntLPlnk228144" class="x_mcntOWAAutoLink" href="https://www.realestateview.com.au/real-estate/100-little-charles-street-abbotsford-vic/property-details-sold-residential-12031724/" target="_blank" data-auth="NotApplicable">305sqm potential building site</a> (pictured above) had been in the Harold family since 1936, when the now rare patch of greenery was located next door to their former shoe factory.
The building family buyer will construct townhouses with views back towards the Melbourne CBD skyline.
It had been given $1.1 million to $1.2 million price guidance.
The weekend national tally was 1,752 capital city auction listings, a decrease on last week’s 1,915 auction offerings on the final Saturday of winter.
It was substantially lower than over the same time last year when 2,074 homes went to auction.
The lower week-on-week volumes returned a preliminary auction clearance rate of 58.2 per cent, up at this stage on the 54.6 per cent final clearance rate over the week prior.
But after late results the final clearance rate will likely revise lower, according to CoreLogic auction analyst Kevin Brogan.
This time last year the success rate was 66.4 percent. 
It has been tracking in the low to mid 50 per cent range each week since May this year, Brogan said.
"The softness continues into spring," AMP Capital senior economist Shane Oliver noted.
<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/2018/9/3/Toorak%20edzell.jpg" alt="">
Melbourne's top recorded sale was in Toorak when <a id="x_mcntLPlnk578315" class="x_mcntOWAAutoLink" href="https://www.realestateview.com.au/real-estate/12-edzell-avenue-toorak-vic/property-details-sold-residential-12033318/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">12 Edzell Avenue</a> (pictured above) sold for $3.68 million through Marshall White.
It last sold in 1999 at $770,000.
The English style 1932 maisonette residence had pre-auction price guidance of $2.75 million to $2.85 million, with Domain reporting it was $680,000 over its reserve.
A South Yarra property sold at an undisclosed price post-auction after being passed in at $4,010,000 through Kay &amp; Burton, understood to be $4,150,000.
<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/2018/9/3/Avoca.jpg" alt="">
The <a id="x_mcntLPlnk777465" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/sold/property-house-vic-south+yarra-129007418" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">32 Avoca Street offering</a> (pictured above) attracted just the one bidder.
It had last sold at $3.02 million in 2014. The price guide was $4 million to $4.25 million.
Melbourne's top offering at <a id="x_mcntLPlnk289393" class="x_mcntOWAAutoLink" href="https://www.realestateview.com.au/real-estate/12-hill-street-toorak-vic/property-details-buy-residential-12034429/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">12 Hill Street Toorak</a> was passed in on a $6.7 million vendor bid. The Tudor style home is now listed at $7,195,000.
Its pre-auction price guidance for the five bedroom, three bathroom house had been $6.7 million to $7.37 million.
Last traded at $3.9 million in 2007, it has been a $1900 a week rental.
There were at least 18 no bidder prestige auctions, according to the Melbourne buyers' agent Mal James.
Melbourne was host to 810 auctions returning a preliminary clearance rate of 59.1 per cent, compared to last week when 56.5 per cent of the 899 auctions cleared.
One year ago, there were 976 auctions held in Melbourne, returning a much higher clearance rate of 71.3 per cent.
There were 662 auctions held in Sydney returning a preliminary auction clearance rate of 58.6 per cent.
</div>
<div>
Last week there were 721 auctions held with 53.2 percent successful, while this time last year, 65.5 per cent of the 779 auctions held were successful.
<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/2018/9/3/Narooma.jpg" alt="">
The highest auction sale was <a id="x_mcntLPlnk555572" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-nsw-northbridge-128986198" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">24 Narooma Road, Northbridge</a> (pictured above) which sold for $4,460,000 through Richardson and Wrench.
The modern five bedroom home was constructed since the 765 sqm block sold three years ago for $2,450,000.
But there was no sale nearby when there was just one registered bidder for the five-bedroom home at <a id="x_mcntLPlnk9409" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-nsw-northbridge-128968670" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">11 Dalkeith, Street Northbridge</a>, which now has a $3.8 million asking price.
<img src="https://www.urban.com.au/images/2018/9/3/Newscliff.JPG" alt="">
<a href="https://www.realestate.com.au/sold/property-house-nsw-queenscliff-128949562" target="_blank">One of Queenscliff's finest trophy homes</a> (pictured above) sold pre-auction for $12 million through Jake Rowe Partners agents Jake Rowe and Nathan Tse.
They had an $11 million to $12 million guide, with it sold within days of its first open for inspection.
Renovated since last traded for $3.8 million in 2008, the tri-level home on its 805 sqm Pavilion Street block has five bedrooms, five bathrooms and two home offices.
The lounge with gas log fireplaces, and the glass framed dining and living rooms flow to seaside terraces featuring a fire-pit and heated plunge pool.
Across the smaller auction markets, the highest preliminary clearance rate was recorded in Canberra where 63.3 per cent of auctions were successful, followed closely by Adelaide where 61.7 per cent of homes sold.
Brisbane, where the clearance rate was the nation's weakest at 45.9 percent, had the nation's cheapest sale.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/9/3/Holland.jpg" alt="">
It was $210,000 for a two bedroom townhouse at <a id="x_mcntLPlnk300916" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-townhouse-qld-capalaba-128919906" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">11/30 Holland Crescent, Capalaba</a> (pictured above).
It had sold at $166,000 in 2003.
It has been for sale three times over recent years seeking $300,000.
Its most recent asking rental was $330 a week.
</div>
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jchancellor-FAypfDUnLy

Abbotsford veggie garden plot sells on opening spring weekend

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National dwelling values have dropped for the 11th consecutive month, according to CoreLogic's latest Home Value Index results. 
There were falls across five of Australia's eight capital cities, with only Canberra, Darwin and Adelaide showing improvement.
Over the quarter, Melbourne has been hit the hardest, seeing dwelling price falls of two percent, the weakest rolling quarterly result since the three months ending January 2012.
Dwelling values in the Victorian capital dropped 0.6 percent in August, the worst performing capital along with Perth.
Sydney's 0.3 percent drop in August saw its quarterly values drop 1.2 percent, taking its annual change to dwelling values down 5.6 percent. 
Click here <a href="https://www.propertyobserver.com.au/images/2018/8/31/CL-Index.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/2018/8/31/CL-Index.jpg" alt="">
<div class="layoutArea">
<div class="column">
Since peaking in September last year, dwelling values have been consistently tracking lower, down a cumulative 2.2 percent through to the end of August.
</div>
</div>
CoreLogic head of research Tim Lawless said, “Weaker housing market conditions can be tied back to a variety of factors, foremost of which is the tighter credit environment which has slowed market activity, especially amongst investors.
"Fewer active buyers has led to higher inventory levels and reduced competition in the market.
"Collectively, these factors have been compounded by affordability challenges, reduced foreign investment and a rise in housing supply.” 
Click here <a href="https://www.propertyobserver.com.au/images/2018/8/31/value-change.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/2018/8/31/value-change.jpg" alt=""> 
 
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jrobinson-rf4aSBido9

Melbourne property values hit by highest quarterly downturn: CoreLogic

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Last week's announcement of the <a href="/news/victorian-government-unveils-suburban-rail-loop-election-proposal">$50 billion, 90-kilometre long Suburban Rail Loop</a> by the Victorian State Government, has generated a flurry of opinion and counter-opinion.

As a Sydneysider, I thought I’d offer my view from outside your Melbourne bubble.

A key question is: What does the Suburban Rail Loop signal about the future of Melbourne, assuming it is built over the next 30 years?

Despite the obvious pre-election timing, this is an uncannily forward-looking plan with a range of city-shaping implications.

Firstly, there is a strong connection to existing planning strategy in that it reinforces current efforts to focus housing, jobs and additional quality of life opportunities around prominent middle-ring centres.

The idea is, of course, that this provides more ‘work and play’ options within range of more people all over the metro area. It also gives more shape to Melbourne’s relatively flat, low-density suburban sprawl. Youch.

With or without the Suburban Rail Loop, you’re already on this path: the NEICs (National Employment and Innovation Centres) and <a href="/news/top-20-melbourne-suburbs-with-the-largest-development-pipeline">fully stocked apartment supply</a> around suburban centres attest to this.

Basically, it looks like your Great Big City Centre - the hub of the Melbourne metro area - is getting meatier middle-ring satellites with a broader range of activities, jobs and housing - the spokes of this big hub. This is a fairly classic urban shape - a big centre orbited by suburban nodes which balance the centre’s mass, connected to it by a radial mass transit system.

Here steps into this picture the Suburban Rail Loop, cutting an arc across these radial lines and stringing together these newly-boosted suburban centres. By connecting these ‘spokes’, the rail loop forms the rim of the wheel and so better distributes passenger loads across the rail system, reducing CBD transfers and enabling cross-town trips.

With the Suburban Rail Loop, Melburnians can orbit their Great Big City Centre using mass transit, passing through a series of walkable and built up suburban nodes.

It forms a metropolitan transit grid - a metropolitan-scale ‘metro’ of sorts... About that ‘metro’: 

<h2>METRO RAIL, COMMUTER RAIL &amp; THE BUILT ENVIRONMENT</h2>

Metros rely on an interwoven network of lines to enable point to point journeys.

In contrast, Melbourne’s rail system resembles a traditional commuter rail system; its lines are arranged radially around the Great Big City Centre, shuttling large loads of people in and out.

Although Melbourne does have some large-ish suburban nodes on these radial lines, such as Box Hill, South Yarra, Caulfield, Dandenong and Footscray, it largely follows this pattern.

If you live along a line that suburban centre is on, that’s fine, but for all other journeys, the only realistic option is to drive or be driven.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/melbourne-rail-network-with-srl-web-1_-_by_philip_mallis.png" rel="gallery-all" title=" maps.philipmallis.com "><img alt="" class="image-article-full-width-580px" height="300" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/melbourne-rail-network-with-srl-web-1_-_by_philip_mallis.png?itok=Xc7aLLKI" title=" maps.philipmallis.com " width="580"></a>

<figcaption>This diagram by Philip Mallis shows the effect of the Suburban Rail Loop on Melbourne's radial train system. Source: maps.philipmallis.com </figcaption></figure>On top of this, post-war car-oriented growth means many suburban centres aren’t even on a train line. Chadstone, Doncaster and Monash University in Clayton spring to mind.

The Suburban Rail Loop then breaks with Melbourne’s traditional metropolitan form.

<h2>Another thing about metros - they need a compatible urban environment.</h2>

Metros are too expensive to string through low-density environments.

Largely, they need to collect enough people on foot and deposit them at points across the network, again to destinations reachable on foot.

Melbourne’s Great Big City Centre is well-suited to walking with many destinations and an amenable environment, but most of the rest of the metro area requires road-dependent collection and distribution.

A built up, walkable urban environment is compatible with, and justifies the cost and capacity of, high-frequency rail service, but is incompatible with car-dependent transport.

<h2>Why is this?</h2>

Well, roads have a low capacity. They fall over when they are asked to carry lots of people to the same place at the same time.

They require a spread out urban environment to cater to dispersed trips. Think about the scale of ramps, carparks, and feeder roads required to serve your typical Westfield shopping centre, or the ramps and arterial roads to support a motorway. Contrast this to how many people cram into stairwells at Flinders St Station to access the platforms. Then, imagine if those people were all in cars with one or two people in them - you can barely fit a single car in one of these stairwells. People on foot, by contrast, are extremely space-efficient.

Roads are flexible, excelling at carrying distributed point to point trips, but are highly space inefficient with a low inbuilt capacity. 

A car-dependent environment must necessarily be spread out or else it overwhelms the roads that support it.

<blockquote>
The urban environment is shaped by transport, and transport shapes the urban environment. Simples.
</blockquote>

The Suburban Rail Loop, therefore, applies pressure on the places it serves to be more focused, with a range of activities and housing within walking distance, to justify its cost and capacity.

This signals a shift to a more 'Apartments.com.au' - at least a more urban ‘middle Melbourne’ complementing its Big Centre. Might this even put the brakes on your ever-spreading suburban footprint?

Looking to the future, perhaps <a href="/guides/weekly-podcast-episode-28-gogets-justin-passaportis-and-joshua-brydges">driverless cars</a> at each end of a person’s cross-town transit journey will vastly extend the catchment of these nodes.

<h2>SOME CAUTIONARY LESSONS FROM SYDNEY</h2>

From a Sydney point of view, there’s one last note I’d like to make:

By pre-emptively striking to secure a more Apartments.com.au, especially in the middle-ring, your city has more control and power over the resulting built environment once this direction matures.

Rail performs best when it is positioned at the heart or direct edge of a centre, plugged into its walkable streets, while arterial roads should skirt around centres at a respectful distance with link roads striking into edge-of-centre parking (much like a suburban shopping mall).

Sydney hasn’t managed this distinction very well.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/img_00511782.jpg" rel="gallery-all" title=" Posted with Permission from an Anonymous Source"><img alt="" class="image-article-full-width-580px" height="580" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/img_00511782.jpg?itok=aPjVFxzt" title=" Posted with Permission from an Anonymous Source" width="580"></a>

<figcaption>Strathfield in the middle ring of Sydney. Poorly managing densification results in poor outcomes like this. Source: Posted with Permission from an anonymous source.</figcaption></figure>A large part of Sydney’s middle-ring looks like this - a haphazard mess of roads, density and traffic - especially outside the posh bits of the city. 

We started densifying around suburban centres decades ago, but the process has been unstructured, haphazard and often vision-less.

<blockquote>
Dense places must be walkable and have regularly-used services set into this environment. Otherwise, people will opt to drive, and with so many cars hitting the road, road network quickly become overwhelmed. Then, you have the undesirable situation where particulate matter from constant traffic enters the lungs of the people that live within its catchment. It’s not a good combo. 
</blockquote>

This has happened in many parts of Sydney, especially outside the posh areas - reinforcing another Sydney specialty - spatial inequality - and it provides a cautionary tale of what not to do.

Your city, on the other hand, has a positive vision that, coupled with good urban design, might hopefully avoid your northern neighbour’s pitfalls.

Melbourne, with Metro 1 (and hopefully Metro 2) allowing very frequent radial train service, plus a frequent Suburban Rail Loop, will have the necessary infrastructure to support enriched clusters of activity and housing, knitted into a metropolitan transit grid.

The Suburban Rail Loop is ambitious but full of potential.

Well done to you Melbourne, you are now entering a higher orbit.
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ModernBradfield

Does the Suburban Rail Loop Signal a More 'Urban.com.au'? 

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Local community groups have teamed up with corporate partners to build a house in just 21 days – with all profits to go to charity.
The fourth instalment of Build for a Cure helps mark Childhood Cancer Awareness Month.
All materials, labour and furnishings, as well as the land itself, have been donated to the cause.
The Children’s Cancer Institute, McDonald Jones Homes, McCloy Group, and Austral Bricks are among the entities that have joined forces to help out on the home build in The Bower estate in Medowie in the Hunter region.
Others include Freedom, Fisher &amp; Paykel, Winning, PRDNationwide, the Kurri Rotary Club and the John Hunter Children’s Hospital.
The home, which is being constructed between August 27 and September 16, is set to go to auction on October 21.
The home and its contents will be auctioned off with all proceeds going towards funding further research at the Children’s Cancer Institute.
Build for a Cure has raised more than $2 million so far, said the Executive Director of the Children’s Cancer Institute, Michelle Haber.
"Children's Cancer Institute exists purely to put an end to childhood cancer,” Haber said.
“950 Australian children are diagnosed with cancer every year with 50 of those children hailing from the Hunter Region in spite of significant advances in survival rates still three children are dying from cancer each week in Australia, we won’t stop until this number is zero.
“Our goal is to save the lives of all children with cancer and improve their long-term health through research.”
Build for a Cure Ambassador, Scott Cam, is excited for this year’s build to commence.
“It’s not every day you see an entire house built in just 21 days. It’s remarkable to see the hundreds of volunteer that work together to make this happen. On day one of the build we start with just a slab and by sunset all of the framework is up and roof truss on,” Cam said.
“The Build for a Cure home is the ultimate package. It’s a masterfully-built home, finished with professional interior design, immaculate landscaping and high-quality appliances all set in the beautiful Hunter region suburb of Medowie.”
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j.ballantyne1990-6AQqhLzZaK

Build for a Cure fights cancer with 21-day entire home build

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This weekend, the busiest suburb for auctions in Victoria is Bentleigh East.
According to REIV data there are 12 properties going to auction in this suburb.
The majority of properties going to auction in Bentleigh East this weekend are houses, which is unsurprising as 72% of the suburb is made up of houses.
<img src="https://www.urban.com.au/images/2018/8/31/House%20Graph.JPG" alt="">
One such house is <a href="https://www.realestateview.com.au/real-estate/23-bradford-street-bentleigh-east-vic/property-details-buy-residential-12035763/" target="_blank">23 Bradford Street Bentleigh East</a> (pictured above).
It is a four bedroom two bathroom dwelling featuring skylights and one parking space.
The 605 square metre home is being listed through Buxton and is less than 1 kilometres from four different schools with a price guide of $1.08 to $1.15 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/2018/8/31/House%202.jpg" alt="">
A second house that goes to auction in Bentleigh East this weekend is <a href="https://www.realestateview.com.au/real-estate/121-brady-road-bentleigh-east-vic/property-details-buy-residential-12031217/" target="_blank">121 Brady Road</a> (pictured above).
It has a price guide of $1 to $1.1 million.
The three bedroom on bathroom holding is being listed through Woodards and has views across Centenary Park from almost every room and the home is currently under lease until mid September
<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/2018/8/31/House%203.jpg" alt="">
On the same street a townhouse is going to auction this weekend, <a href="https://www.realestateview.com.au/real-estate/79b-brady-road-bentleigh-east-vic/property-details-buy-residential-12032975/" target="_blank">79B Brady Road, Bentleigh East</a> (pictured above).
With a price guide of $1 to $1.1 million the four bedroom three bathroom unit is less than half a kilometre from both a primary and a secondary school.
The home has parking space for three cars and features wholly timber floors plus a backyard deck.
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Bentleigh East set for bumper auction weekend

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EXPERT OBSERVER
Units offer affordable options for many looking to enter the housing market for the first time, down size or simply own a pad close to a city centre. 
I analysed the CoreLogic Settlement Risk data to show the potential number of new units set to be completed over the coming years and just how the numbers look.
Over the next 12 months, an additional 94,471 new units will be completed nationally.
<img src="https://www.urban.com.au/images/2018/8/31/Units%20built%201.JPG" alt="">
This figure represents a 3.5% uplift in total unit supply. Over the next 24 months, the unit supply uplift is expected to be much greater at 251,751 units which is an increase of 9.3% on current supply.
Across the Greater Capital City Statistical Areas (GCCSA), Sydney (76,977) and Melbourne (78,689) are expected to see the greatest increase in unit supply over the next two years.
While the number of unit new units due for settlement is much lower in Brisbane and Adelaide, these two cities are expected to see the greatest percentage increase in new unit supply over the next two years, with CoreLogic data suggesting an uplift of 18.4% and 12.5% respectively.
The top 25 SA3 regions are expected to record the greatest number of new unit settlements over the next two years, Brisbane Inner is expecting an additional 9,732 units over the next two years which translates to an increase in overall unit supply of 29.7%.
Melbourne City is expected to see an 8.1% increase in unit supply over the next two years with an additional 8,040 units while Sydney Inner City is set to add an additional 7,202 units, an uplift of 6.1%.
The top 25 list is dominated by regions of Melbourne which account for 12 of the 25 regions listed while Sydney accounts for nine, Brisbane three and Perth one.
The main difference across the capital cities is that Sydney’s supply of units is set to increase across geographically diverse areas along transport spines while most other cities are seeing the supply increase exclusively within inner city areas.
<img src="https://www.urban.com.au/images/2018/8/31/Units%20built%202.JPG" alt="">
Over the past five years we’ve seen a significant increase in overall unit supply.
At the same time, housing market conditions have deteriorated over the past year, particularly in Sydney and Melbourne, with dwelling values falling and rental growth slowing.
In the face of weakening housing market conditions, both of these cities retain a high volume of unit stock to be completed. As the new supply comes on line over the coming years, it is anticipated that this could lead to further
Cameron Kusher is a research analyst for CoreLogic
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ckusher-ujnxiKuFQs

How many units are set to be built over the next two years? Cameron Kusher

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Developer SMA Projects has partnered with Hayball for a new development on Gore Street, Fitzroy.
The project at 250 Gore Street will have a mix of comprise one, two and three-bedroom apartments, as well as a 300 square metre penthouse.
SMA Projects has previously completed two projects on the street, The Lyric and Veludo.
SMA Projects development manager, Robert Murphy, said that there will be the opportunity to customise an apartment with the assistance of interior designer Kate Roach.
Three bedroom apartments are priced from $1,150,000 to $2,600,000, while two bedroom units start from $725,000 
The penthouse is available from $4.8 million.
Demolition of the existing structure is expected to start in December, while construction will begin in early 2019 with an expected completion date of December 2019.
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SMA Projects announce third Gore Street, Fitzroy project 

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Curve Birtinya on the Sunshine Coast has announced that it has reached $13 million in sales.
The $37 million waterfront project from Cube Developments features 55 one, two and three bedroom apartments.
Construction is expected to start on the project in December.
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Cube Developments’ Scott Juniper said the project’s freehold ownership is attracting retirees and empty nesters and the past eight weeks had seen a surge of sales activity.
“The last two months has seen 30% of the project sold as owner occupiers see the benefits of targeted waterfront living within walking distance to new hospitals and other world class social infrastructure,” Juniper said.
“Stockland new $100 million dollar shopping centre with Coles and Aldi as major tenants, six restaurants and 40 assorted retailers opens on December 6, adding strongly to the developments’ appeal.
“For empty nesters, retirees or buyers looking to get a foothold in the booming Birtinya market with a view to settling here in the future, Curve Birtinya has so much to offer.
“Residents can paddle on the lake, jog around the shorefront boardwalk, visit local restaurants and cafes, workout in the onsite gym or enjoy a Sunday morning coffee in the beautiful park next door.
“Plus it’s pet friendly and walking distance to the beach.”
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Sunshine Coast residential development Curve Birtinya hits $13 million sales

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EXPERT OBSERVER
Australia’s housing market has continued to weaken. Conditions still vary widely across cities but are soft overall, with price corrections underway in the previously strong Sydney and Melbourne markets and Perth's longer running period of price declines also continuing.
The three months to August have seen the Westpac Housing Consumer Sentiment Index (a composite measure based on four housing–related components of the Westpac Consumer Sentiment survey) soften a touch but remain consistent with stabilising demand. The main driver of the lift continues to be less downbeat reads on ‘time to buy’, partly reflecting an improvement in affordability. Small positives around jobs and risk aversion have been offset by weakening price expectations.
Turnover remains very low. Whereas earlier estimates had suggested activity might have been stabilising in the first half of 2018, revised and updated data now show turnover nationally down 6.2% over the year to July. The annual pace of decline has moderated and the most recent monthly figures hint at stabilisation but, without a revival, annual growth is likely to stay negative through to year end.
The continued decline in turnover suggests other factors such as tightening loan criteria and falling investor activity are weighing on activity, essentially preventing what would likely have been a stabilisation in conditions by now.
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<div>Matthew Hassan is a Senior Economist at Westpac.</div>
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