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

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EXPERT OBSERVER
The announcement by the NSW Department of Planning that a record 42,529 housing completions occurred in Sydney in the year up to June 2018 demonstrates the success of earlier policies but approvals are dropping fast.
The current record housing completions in Sydney of 42,529 over the year to June 2018 are a result of the record approval of nearly 60,000 homes in the year to September 2016. 
Unfortunately approvals in Sydney have now dropped to 52,277 in the year to June 2018 and this will flow on to reduced housing completions in the coming year.
The 42,529 completions is well above the average required of 36,250 a year required across 20 years and this high supply number has helped reduce the cost of new homes.
Our concern is that a number of policy settings from the three levels of government are now slowing down housing approvals.
The tightening of bank lending to house purchasers is reducing the number of buyers, the levies on foreign investors has reduced these purchasers and recent back-downs on planning policies for increased densities in key precincts in Sydney has undermined confidence in the housing development industry.
The Urban Taskforce developer members have been working very hard over recent years to follow the NSW Government’s lead in where to build new housing but in a pre-election environment the government has put the brakes on planning in these areas and this will lead to a big drop in housing supply in one to two years-time.
The Urban Taskforce encourages the NSW Government to get behind the need to plan for and support a consistent flow of new houses across Sydney so that the large number of jobs involved in housing are sustained.
Chris Johnson is the Urban Taskforce CEO
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NSW future housing supply under threat despite record completions

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Property NSW, on behalf of Family and Community Services, has sold the final two apartment blocks on Dalgety Road as part of the Millers Point sales program.
The two-storey federation style apartment blocks, featuring a mix of two and three bedroom units, were sold via auction by Sydney’s Sotheby’s International Realty and Savills Australia.
27-29A sold for $4.35 million and 31-33A sold for $4.325 million.
Also sold at auction on Saturday, was 117 Kent Street. The four-bedroom, two-bathroom terrace split over four levels achieved a sale price of $2.55 million. 
There are four properties left to sell as part of the Millers Point sales program. A total of 187 sales have been managed by Property NSW in Millers Point since 2014.
Conservation Management Plans (CMPs) endorsed by the NSW Heritage Council are included in contracts for sale for all heritage listed properties. These contracts ensure new property owners are fully informed of their obligations and responsibilities when purchasing a heritage listed property.
Proceeds from the Millers Point sales program have delivered over $603 million for investment in social housing developments in NSW.
As of July 2018, a total of 1,101 units have been completed and 280 units are currently under construction using proceeds from the Millers Point sales.
Developments are occurring in areas of identified need for social housing, including Bankstown, Canterbury, Liverpool, Fairfield, the Sutherland Shire and Wollongong areas. New social housing is also under construction in Coffs Harbour and North Richmond. 
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Just four to go in State Government Millers Point sell off

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A three bedroom High Wycombe home sold for $304,000. 
It was sold on 21 July, 2018.
It was sold by Kim Findlay.
Situated at <a href="https://reiwa.com.au/7-galena--court-high-wycombe-4094763/" target="_blank">7 Galena Court</a>, it has a formal family room with split system air conditioning, separate kitchen/meals area, opening via sliding doors onto secondary living/meals area, huge light filled living/meals area recently re-carpeted, master bedroom with split system air conditioning, and upgraded bathroom with separate bath &amp; shower.
It features dedicated WCS, undercover carport which provides access to rear (there is also potential for independent rear access next to the carport), large rear garden shed, the backyard is flat, level and ready for your rear development or awaiting your creative landscaping skills, the house is 145sqm of living, the block is 704sqm with 18.5m frontage.
The home last sold in 20011 for $325,000.
The suburbs median house price is <a href="/developments/high-wycombe-wa-6057">$420,000</a>, according to CoreLogic.
 
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YTC SEPTEMBER MORTGAGEE High Wycombe home sold by mortgagee

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EXPERT OBSERVER
Since the market peaked in July 2017, dwelling values in Sydney have fallen by 5.4%. Melbourne’s housing market peaked a little later than Sydney’s in November 2017 and have declined by 2.9% since their peak.
In this week’s blog, we take a look at how recent periods of value decline in Sydney and Melbourne have played out both across the city as a whole and within the individual SA4 regions. The recent period of decline that will be focused on for Sydney are: post 2003, GFC, 2010 declines and the recent downturn. For Melbourne, the focus will be on the GFC period, the 2010 declines and the current market downturn.
<h5>Sydney post - 2003</h5>
Following the rapid growth in dwelling values at the turn of the century in Sydney the market started to fall in early 2004. From the market peak in December 2003, values declined by -8.2% in total to January 2006. Of course, across the individual SA4 regions of the city declines varied substantially as did the length of time the declines occurred over.  
<img src="https://www.corelogic.com.au/sites/default/files/2018-08/1.1.jpeg" alt="CoreLogic Decline in Sydney SA4 Dwelling Values Post 2003" width="1430" height="686">
  The South West (-16.4%) and Central Coast (-14.2%) recorded the largest declines in values during the post-2003 housing market downturn in Sydney.  The Northern Beaches (-5.9%) and North Sydney and Hornsby (-7.5%), two of the more expensive areas of the city, recorded the most moderate declines over the period. The length of decline also varied dramatically with regions such as: Central Coast, Blacktown, Inner South West, Outer South West, Outer West and Blue Mountains, Parramatta and South West seeing elongated periods of decline. Conversely, values fell for less than a year in: Eastern Suburbs, Northern Beaches and Ryde.
<h5>Sydney - GFC</h5>
The housing downturn in Sydney during the GFC was a very different experience to the post-2003 downturn. Whereas post-2003 it was the more affordable areas which saw the largest value falls and declines were moderate for the more expensive markets, during the GFC it was premium housing areas that recorded the greatest declines. Unlike the previous downturn, it was fairly short-lived with most regions recording value decline for only 12 months, if not less.
<img src="https://www.corelogic.com.au/sites/default/files/2018-08/1.2.jpeg" alt="CoreLogic Decline in Sydney SA4 Dwelling Value During GFC" width="1516" height="708">
  The areas in which values recorded the greatest falls over the downturn were the most expensive areas of the city: Eastern Suburbs (-14.0%), Northern Beaches as well as North Sydney and Hornsby (both -10.8%). Although these declines were comparatively large, each of these regions recorded falls for 15 months at the most. The most moderate declines during this downturn occurred in: South West (-2.7%) and Inner South West (-2.9%) with the regions recording values falls for nine months and seven months respectively.
<h5>Melbourne - GFC</h5>
During the housing market downturn in the GFC, dwelling values in Melbourne fell by -9.4% in the space of 12 months. Like the Sydney experience the greatest declines tended to occur across higher valued housing markets while the falls were relatively more moderate across the more affordable regions of the city.
<img src="https://www.corelogic.com.au/sites/default/files/2018-08/1.3_0.jpeg" alt="CoreLogic Decline in Melbourne SA4 Dwelling Values During GFC" width="1456" height="736">
  During the downturn, the Inner East (-15.9%) and Inner South (-15.5%) regions recorded the greatest falls.  Even though these falls were substantial they occurred over just 12 months in the Inner East and 11 months in the Inner South. The North West (-2.4%) and West (-3.0%) regions of the city recorded the most moderate falls over the period with the declines taking place over five months and eight months respectively.
<h5>Sydney – 2010 downturn</h5>
The GFC decline in values was staved off by aggressive interest rate cuts and housing market stimulus, once interest rates began to rise and the stimulus was removed, Sydney dwelling values started to fall. Ultimately values declined by a cumulative -3.7% between September 2010 and February 2012.
<img src="https://www.corelogic.com.au/sites/default/files/2018-08/1.4.jpeg" alt="CoreLogic Decline in Sydney SA4 Dwelling Values During 2010 Downturn" width="1504" height="724">
  During the 2010 downturn it was once again some of the most expensive areas of the city which recorded the largest value falls: Eastern Suburbs (-11.1%) and Northern Beaches (-7.7%) while the most moderate falls occurred in more affordable housing markets: South West (-0.9%) and Outer West and Blue Mountains (-1.0%). Values in the Eastern Suburbs and Northern Beaches declined for 20 months while in South West and Outer West and Blue Mountains, values fell for only six months and 11 months respectively.
<h5>Melbourne – 2010 downturn</h5>
As housing market stimulus was wound out of the market in 2010, values in Melbourne fell by -8.4% between November 2010 and February 2012. Like the GFC downturn, the value falls tended to be much greater for the higher value areas of the city.
<img src="https://www.corelogic.com.au/sites/default/files/2018-08/1.5.jpeg" alt="CoreLogic Decline in Melbourne SA4 Dwelling Values During 2010 Downturn" width="1454" height="714">
  The greatest declines throughout this downturn were recorded in the Inner South (-13.1%) and the Inner East (-12.0%) with values falling in both of these regions for 28 months. Value declines were the most moderate in the West (-7.4%) and Outer East (-7.8%) regions with values declining for a total of 16 months and 19 months respectively.
<h5>Sydney – current downturn</h5>
Sydney dwelling values peaked in July 2017 and over the 12 months to July 2018 they have so far fallen by -5.4%. Unlike previous downturns the areas with the largest falls have been neither the most affordable nor the most expensive areas. Furthermore, values are still rising on the Central Coast.
<img src="https://www.corelogic.com.au/sites/default/files/2018-08/1.6.jpeg" alt="CoreLogic Decline in Sydney SA4 Dwelling Values During Current Downturn" width="1488" height="736">
  Since the market peak, Baulkham Hills and Hawkesbury (-10.2%) and Inner West (-9.1%) have recorded the greatest value declines. As mentioned, values continue to rise in Central Coast while the South West has also recorded a comparatively moderate fall of -2.1%. Outside of the post-2003 downturn, the South West has consistently recorded relatively minor falls during recent downturn periods.
<h5>Melbourne – current downturn</h5>
Since having peaked in November 2017, dwelling values in Melbourne have fallen by -2.9% to July 2018. Over recent months the rate of decline has been gathering pace and it is the higher value areas of the city in which the declines have been greatest so far.
<img src="https://www.corelogic.com.au/sites/default/files/2018-08/1.7.jpeg" alt="CoreLogic Decline in Melbourne SA4 Dwelling Values during Current Downturn" width="1438" height="760">
In the current downturn, the largest falls to-date have been recorded in: Inner East (-6.3%) and Inner South (-4.5%), these two regions also recorded the largest value falls over the previous two Melbourne housing market downturns. The most moderate value falls during the current downturn have occurred in Mornington Peninsula and West, both of which recorded falls of -0.9%.
While the current housing market downturn has been relatively short so far, there are some lessons that can be learned from previous downturns. The housing market downturns in 2008 and 2010-12 were largely driven by weaker economic conditions that impacted the banking and financial services sectors; consequently it was the premium end of the housing market where values weakened the most due to less demand for high priced homes and more stock in the higher price ranges entering the market. 
The current downturn in Sydney and Melbourne has once again seen the banking and financial services sector impacted, with heightened credit regulation and fallout from the Royal Commission. Weaker conditions across this sector are likely contributing to weaker conditions across the premium housing sector. This trend is being compounded by the surge in first home buyer activity which is supporting housing demand across the more affordable housing price points.  
Downturns in the Sydney market tend to be much more varied in terms of market segments leading the falls and that appears to be the case again now. In Melbourne, each of the downturns have seen the largest falls across the most expensive regions of the city and that appears to be the case again in the current downturn. The great unknown is how long this housing market downturn runs for but it certainly feels as if it has longer to run.
Cameron Kusher is a research analyst at <a href="https://www.corelogic.com.au/news/how-does-housing-decline-compare-previous-downturns-sydney-and-melbourne?utm_source=Newsletter&amp;utm_medium=EmailArticle&amp;utm_campaign=AUSPropertyPulse" target="_blank">CoreLogic</a>.
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2018 housing declines hit Melbourne's inner east and Sydney's Hills district hardest: CoreLogic

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Sutherland had the poorest results at auction of any Sydney region on the weekend, discounting the Central Coast, with a clearance rate of just 31 percent of its 16 notified results.
It compared to last week's results where they had a 62 percent success rate from its 31 properties.
The 31 percent is much weaker than the overall Sydney clearance rate of 59 percent which has been showing improvements recently.
There are still seven unreported results from the Shire yet to be added to the tally.
<img src="https://www.urban.com.au/images/2018/8/27/Sutherland%201.JPG" alt="">
The 3 Loretta Avenue, Como (pictured above) offering was passed in at auction.
The five bedroom three bathroom home has $1.6 million hopes.
The 563 sqm holding last sold in 2009 for $450,000.
<img src="https://www.urban.com.au/images/2018/8/28/Sutherland%203.JPG" alt="">
The 60 Siandra Drive, Kareela (pictured above) offering which was passed in without price disclosure.
The four bedroom two bathroom home has been listed $1,149,000 hopes
The 618 sqm holding is currently listed by Stuart Castle Real Estate.
<img src="https://www.urban.com.au/images/2018/8/28/Sutherland%204.JPG" alt="">
The 45 Raglan Road, Miranda (pictured above) was passed in with no price disclosure.
The five bedroom three bathroom home had $2.3 million hopes.
The 792 sqm holding last sold in late 2003 for $660,000.
<img src="https://www.urban.com.au/images/2018/8/28/Sutherland%205.JPG" alt="">
The 140 Holt Road, Taren Point (pictured above) offering which was passed with no bids.
The four bedroom two bathroom home has a price guide of $1.15 to $1.25 million
The 637 sqm holding last sold in 2002 for $430,000.
<img src="https://www.urban.com.au/images/2018/8/28/Sutherland%206.JPG" alt="">
There was a sale, 9B Edinburgh Crescent, Woolooware (pictured above) for $1,290,000.
The three bedroom one bathroom home was sold by Purplebricks NSW agent Joshua Singer.
The 655 sqm holding sold after just 30 days on the market.
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Sutherland Shire auctions didn't fare well for weekend offerings

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The Sydney hoarder’s house, deplete of the mummified body found earlier this year, sold at weekend auction for $2.07 million.
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The result was $270,000 above the $1.8 million reserve for the Greenwich offering.
The purchasers of <a id="x_mcntLPlnk337040" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/sold/property-house-nsw-greenwich-128954682" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">31 Greendale Street</a> were an expatriate family in Singapore who beat off keen bidding from a young Marrickville couple.
There are plans to initially renovate and rent it out until it is knocked down.
The skeletal remains of a suspected murder victim Shane Snellman were found rolled in carpet inside a bedroom in June with police revealing the corpse had likely been there for at least a decade.
The owner Brian Roberts, who died of a heart attack last year, had bought the freestanding double-brick house on its 557-square-metre block, in 1991 for $200,000. 
The police theory was Snellman, who had suffered several injuries, was trying to rob the house when Roberts killed the intruder.
The Sunday Telegraph reported the notoriety, cobwebs, peeling paint, disgusting kitchen and mouldy bathroom was no discouragement for the 11 registered buyers.
Domain suggested it was like a macabre museum exhibit.
Sydney's top sale was nearby when <a id="x_mcntLPlnk514211" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/sold/property-house-nsw-greenwich-128928586" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">15 Vista Street, Greenwich </a>sold pre-auction for $3.55 million.
Built in 1935 by architect, Nigel Ashton, the home had been by the same family for 83 years.
It came with views of the harbour bridge and the city skyline. 
Sydney's highest sale under the hammer result was at Willoughby where $3,265,000 was paid for <a id="x_mcntLPlnk24636" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-nsw-willoughby-128925434" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">3 Hollywood Crescent</a>.
It was a 1930s bungalow last sold at $1.95 million in 2009.
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There were 717 auctions held in Sydney returning a preliminary clearance rate of 59.1 per cent. One year ago, 832 auctions were held and the clearance rate came in at 67.4 per cent.
In Melbourne, a preliminary auction clearance rate of 58.6 per cent was recorded across 898 auctions on the weekend. This time last year, 1,124 auctions were held, returning a clearance rate of 72.3 per cent.
<img src="https://www.urban.com.au/images/2018/8/27/CoreLogic%20Greenwich.JPG" alt="">
Melbourne's top sale was also secured ahead of its Saturday scheduled auction, a South Yarra home renovated under the guidance of INARC design.
It was the $6.25 million sale of <a id="x_mcntLPlnk447497" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/sold/property-house-vic-south+yarra-128158838" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">23 Airlie Street, South Yarra</a>, which had an asking price of $8.25 million earlier this year.
It had been listed this time with $6.5 million hopes through RT Edgar. 
Under the hammer, Melbourne's top result was in Camberwell when <a id="x_mcntLPlnk615615" class="x_mcntOWAAutoLink" href="https://www.realestateview.com.au/real-estate/12-derby-street-camberwell-vic/property-details-sold-residential-12017091/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">12 Derby Street</a> sold for $3.8 million through Jellis Craig.
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</div>
The indicative selling price had been $3,500,000 to $3,800,000 for Gladstone Villa, a graceful four bedroom 1889 Victorian residence.
Not far away a 1930s Canterbury changed hands for $1.91 million for the first time after competition between five bidders at its Kay &amp; Burton auction.
Given its one family ownership, Laurel-Leigh, the heritage-protected three-bedroom home <a id="x_mcntLPlnk376881" class="x_mcntOWAAutoLink" href="https://www.realestateview.com.au/real-estate/26-maysia-street-canterbury-vic/property-details-sold-residential-12021336/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">at 26 Maysia Street</a>, came with intact lead lighting, stucco walls, ornate ceilings, terrazzo flooring and bow window.
Its pre-auction price guidance was $1.7 million to $1.8 million.  
There were five bidders.
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On the latest weekend of winter, CoreLogic calculated 1,909 homes were taken to auction across the combined capital cities, up from 1,684 over the previous week. 
"Auction volumes have slowly started to increase over the last couple of weeks however current volumes remain lower than this time last year when 2,270 auctions were held," Corelogic auction analyst Kevin Brogan noted.
"Through winter, the number of homes taken to auction has been tracking roughly 20% lower than a year ago, highlighting a substantial weakening in vendor confidence driven by the softer housing market conditions and consistently lower clearance rates."
Preliminary results show a clearance rate of 57.9 percent this week, increasing from last week’s final clearance rate of 53.3 per cent, although this will revise as the remaining results are collected. 
Over the same week last year the final clearance rate was 68.3 percent.
Canberra's 66.7 percent weekend clearance rate result was the top selling capital city.
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Greenwich tops Sydney weekend auctions

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A Greenbank five bedroom house on a fully fenced 12,800sqm allotment has been sold by mortgagees for $445,000.
It was sold by Tracey Caruana and Paul Kirwan of McGrath Springfield. 
Located at <a href="https://www.realestate.com.au/sold/property-house-qld-greenbank-126729994" target="_blank">39-43 Warbler Court</a>, Greenbank, a rural Logan location in Queensland, it features master room with ensuite, other four bedrooms with built-ins as well as open plan living and dining. 
Additional features include slate tiles throughout home, internal laundry, septic system and water supply by tanks.  
It last sold for $392,500 in 2007.
The suburb's median house price sits at <a href="/developments/greenbank-qld-4124">$605,000</a>, according to CoreLogic. 
<img src="https://www.urban.com.au/images/2018/8/30/Green%202.JPG" alt="">
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Five bedroom Greenbank, Queensland home sold by mortgagee

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A three bedroom Butler, WA home has been listed by mortgagees for $275,000.
It was listed by Sharen Lewis at Laurence Realty.
Situated at <a href="https://reiwa.com.au/85-holyford-parade-butler-4121941/" target="_blank">85 Hollyford Parade</a>, the house comes with three bedrooms, two bathrooms. It's features include an open plan living and dining area with a kitchen plus all the bedrooms have built-ins.
The property was built in 2015 with a land size of 225sqm and floorspace of 110sqm. Located in the popular Butler growth corridor, it is close to schools, transport, shopping, parkland, restaurants, cafes and the beach.
The suburb's median house price sits at <a href="/developments/butler-wa-6036">$395,000</a> according to CoreLogic. 
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Three bedroom Butler, WA home listed at a loss by mortgagees

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A Bulgarra home with dividing doors between four studio units has been listed by mortgagees for $315,000. 
The investment listing has been offered by Rachel Ross and Tiffinie Guillesser from LJ Hooker 
Situated at <a href="https://www.realestate.com.au/property-house-wa-bulgarra-129136254" target="_blank">36A Wellard Way</a>, Bulgarra, each section of the home has a bedroom, ensuite, kitchenette and dining area.
It is a 2011 build on a 371m2 block with 147m2 under roof space. 
It is within walking distance to town.
There was a unit listed as a rental in 2016 at $350 a week and more recently in 2017 at $280 per week.
The suburb's median house price sits at<a href="/developments/bulgarra-wa-6714"> $276,000</a>, according to CoreLogic. 
 
 
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Four bedroom home in Bulgarra, WA listed by mortgagee

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A double brick first-floor Rosewater, SA unit has been recently listed for sale by mortgagees with a price guide of $140,000.
It has been offered by John Bruce and Marie McWilliam from Harcourts Williams.
Built in 1978, <a href="https://www.realestate.com.au/property-unit-sa-rosewater-129126994" target="_blank">the unit at 35/1 Henry Street</a> in northwestern Adelaide is in need of redecoration including new floor coverings and upgrading of the bathroom and kitchen facilities.
The home offers two good size bedrooms, open plan living/dining room, separate kitchen and a carpark on it's 13 sqm.
It is close to Port Adelaide, shopping and public transport.
It last sold in 1993 for $45,000.
 
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