Design-led developer-builder Lowe Living has unveiled its latest residential development, Jardin House, marking its first foray into Melbourne's blue-chip City of Boroondara.

Located a short walk from Camberwell Junction, <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House</a> has been designed to appeal to affluent local downsizers and established families seeking a low-maintenance alternative to the large homes that have long defined Camberwell and surrounding suburbs.

The project will comprise a collection of two and three-bedroom apartments ranging from 92 sqm to 280 sqm, alongside a limited number of penthouse residences featuring rooftop terraces spanning more than 100 sqm, with optional private pools.

&nbsp;

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Lowe Living Co-Founder and Managing Director Tim Lowe said Camberwell represented a natural next step for the developer as it expands into some of Melbourne's most tightly held residential markets.

"Jardin House is an important project for our team as it marks the next evolution of our portfolio into different well-established blue-chip pockets of Melbourne," Lowe said.

"Camberwell, with its incredible walkability, family-led neighbourhood feel and superb access to education and transport, makes it a natural choice for us."

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Designed by Tristan Wong Architects, with interiors by Hecker Guthrie and landscaping by Acre, the development takes inspiration from the Art Deco architecture that remains a defining feature of many of Camberwell's established streets.

A curved facade, arched openings, textured brickwork and sculpted forms reference the suburb's architectural heritage, while extensive landscaping softens the building's presence and creates a strong connection to the surrounding tree-lined streetscape.

The project will be set behind a secure gated entrance, with residents arriving through landscaped gardens designed to create a transition between the public realm and private residences.

Inside, the residences feature natural stone and timber finishes, full-height glazing, Miele appliances and generous open-plan living areas designed for long-term owner occupation.

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While the apartments themselves have been designed to attract discerning owner-occupiers, it is the amenity offering that sets Jardin House apart from many other boutique projects currently launching across Melbourne.

The centrepiece is a 350 sqm private bathhouse curated in partnership with Aurora Spa &amp; Bathhouse founder Lyndall Mitchell.

The wellness precinct includes mineral pools, hydrotherapy experiences, a Himalayan salt room, sauna, steam room, cold plunge pools and dedicated relaxation spaces, creating what Lowe Living describes as a private wellness retreat exclusively for residents.

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The collaboration follows Lowe Living's recent partnership with Aurora at Maison Savoy in Brighton, although Jardin House is the first project to incorporate both indoor and outdoor wellness experiences.

Emma Lowe, Co-Founder and Managing Director of Lowe Living, said wellness was becoming an increasingly important consideration for apartment buyers.

"Collaborating with Lyndall Mitchell from Aurora Spa &amp; Bathhouse for a second time is an intentional nod to creating residences that are more than just homes, but a way to enrich the lives of our residents through wellness and longevity," Lowe said.

The amenity offering is complemented by a Technogym fitness studio, residents' lounge, private dining spaces and concierge services.

The launch comes as developers increasingly target Melbourne's established eastern suburbs, where rising land values, ageing housing stock and growing downsizer demand are creating opportunities for boutique apartment projects.

Lowe said the company expects significant generational wealth transfer across suburbs such as Camberwell in coming years, creating further demand for luxury apartment living.

"Camberwell is a blue-chip suburb where homes regularly transact for multiple millions of dollars," he said.

"The generational change of wealth in these locations expected in the coming years is significant, so we see an opportunity to create exclusive residences that appeal to older families and downsizers in order to meet this demand."

Apartments at Jardin house start from $1,195,000. The project forms part of Lowe Living's near-$1 billion portfolio of new developments across Melbourne.

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Joel Robinson

Lowe Living launches Jardin House in Camberwell

As <a href="https://www.apartments.com.au/developments/north-sydney-nsw-2060">North Sydney</a> continues its transition from a commercial centre into a more layered residential and lifestyle precinct, a new generation of apartment developments is reshaping expectations around scale, amenity, and long-term liveability.

Improved transport connections through the Victoria Cross Metro, continued investment in dining and public spaces, and a constrained supply of new luxury apartments have sharpened demand for homes that combine proximity to the CBD with the privacy and outlook traditionally associated with harbourside houses.

At 177 Walker Street, <a href="https://www.apartments.com.au/developers/aland">ALAND</a>’s new apartment development <a href="https://www.apartments.com.au/new-apartments/the-walden-north-sydney-177-walker-street-north-sydney-nsw-2060">The Walden</a> enters the market with a distinctly residential approach to high-rise living. The 30-level tower will deliver 161 residences, ranging from one-bedroom apartments through to sub-penthouses and a full-floor penthouse, all oriented to capture uninterrupted views across Sydney Harbour, the Opera House, and out toward the Pacific Ocean.

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Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, the project takes advantage of the site’s natural topography and elevated position above the harbour. Rather than relying on density alone, the architecture focuses on outlook, orientation, and spatial flow, with every apartment occupying a corner position to maximise natural light and cross ventilation.

Rothelowman says the site itself shaped much of the architectural response.

“The site has a long history in terms of its inevitable transformation and when we came in, we took inspiration from the idea of reestablishing a sense of the site’s natural terrain and fall. Our scheme aims to integrate with the terrain and the landscape, using the undulating site to slowly reveal glimpses and views of the harbour. The rotation of the tower off grid means every apartment has a view and is naturally cross ventilated. The building's colour palette is quintessentially Sydney, with bronze and sandstone and a luminescent green colour in the glass, making it very earthy and grounded in its location.”

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Inside the residences, the emphasis moves toward larger-format living typically associated with standalone homes. Kitchens sit at the centre of the apartments, connecting directly to open-plan dining and living areas before extending outward into expansive winter gardens and balconies. Calacatta marble, bespoke joinery, integrated appliances, and custom metal detailing are used throughout, while three distinct interior palettes, Terrace, Opera, and Harbour, allow buyers to personalise the spaces without compromising the architectural consistency of the project.

The larger residences place particular attention on separation between entertaining and private zones. In many apartments, master suites occupy the outer corners of the floorplates, allowing bedrooms to benefit from floor-to-ceiling glazing and harbour outlooks independent of the living spaces. Dressing rooms and ensuites continue the material palette through fluted detailing, freestanding baths, and layered stone finishes.

Rothelowman says the design intent centred on creating homes that feel enduring rather than transient.

“Our philosophy is all about the way people live in these spaces, and we wanted to create homes that reflect the quality of life in this unique Sydney location. The apartments showcase expansive living spaces that are generous, sophisticated, and bold, with the ability to connect with views throughout each apartment.”

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A separate four-storey amenity building known as The Pavilion expands the residential offering beyond the apartments themselves. Positioned alongside the tower, the building consolidates wellness, recreation, and social spaces into a dedicated resident retreat. Facilities include a 20-metre rooftop pool and sundeck, sauna, spa, ice bath, wellness studio, gymnasium, concierge service, wine cellar, residents’ lounge, private dining spaces, and dedicated co-working areas with meeting rooms and boardroom facilities.

The amenity mix reflects the buyer profile emerging in North Sydney, where owner-occupiers and downsizers are increasingly prioritising convenience, apartment scale, and long-term usability over purely investment-driven decisions.

The Walden also represents a significant milestone for ALAND, marking the company’s first major move into Sydney’s inner-city luxury apartment market after more than two decades delivering large-scale residential communities across Greater Sydney. Founder Andrew Hrsto says the Walker Street site stood apart because of both its positioning and its rarity.

[smartcode_project:default project_id=134323 project_image_fid=6390]

“As a company, we had been searching for a site in one of Sydney’s blue-chip locations, spanning the Eastern Suburbs, the Sydney CBD and the North Shore, and when we had the opportunity to purchase this site, we immediately recognised that it could be something iconic.”

At launch, The Walden recorded more than $103 million in sales, with buyers drawn to the project’s harbour positioning, apartment scale, and proximity to the Metro, which now connects North Sydney to Barangaroo in three minutes and Martin Place in five.

ALAND has commenced construction, and is expecting a completion date in 2028.

[smartcode_project_cta:default project_id=134323]

The Walden pairs house-scale living with North Sydney connectivity

The ACT will become the first jurisdiction in Australia to abolish stamp duty for all first home buyers, with no income caps and no property price thresholds from 1 July.

The move, announced as part of the ACT Budget, completes a key election commitment from the Barr Government and removes what Chief Minister Andrew Barr described as one of the biggest barriers to entering the housing market. The reform forms part of the ACT's long-running transition away from transaction taxes and towards a broader-based property tax system.

"This budget marks a major milestone in our long-term tax reform program," Barr said, adding that the government had maintained a sustained focus on removing barriers to home ownership. He said stamp duty had long been one of the largest upfront hurdles facing buyers and that from July, "that barrier is gone" for first home buyers in the Territory.

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The changes come alongside a range of measures designed to encourage new housing supply, including support for the delivery of so-called "missing middle" housing such as terraces, townhouses and low-rise multi-unit developments.

The announcement has renewed debate around whether the ACT's approach could provide a blueprint for improving housing affordability nationally.

New research from OurTop10.com.au, conducted by Primara Research, suggests the Territory's decade-long reform agenda has produced outcomes unmatched elsewhere in Australia.

While stamp duty costs have increased by an average 67 per cent nationally over the past decade, the ACT has recorded growth of just 15 per cent, the lowest increase of any jurisdiction.

The Territory has also emerged as one of the strongest performers on housing delivery. Based on population-weighted housing targets, the ACT is sitting less than one per cent behind its target. Victoria is the next closest at seven per cent behind, while the national average sits 25 per cent below target. New South Wales is tracking 39 per cent behind.

The latest reform removes one of the final barriers facing first home buyers in Canberra.

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The average Australian home buyer currently pays $61,714 in stamp duty. In the ACT, that figure is $38,399 despite the Territory having the third-highest median house price in the country.

Until now, the ACT's first home buyer concession scheme only applied to purchases up to $1.02 million, around $51,000 below Canberra's median house price of $1.071 million. In practical terms, many first home buyers were unable to access the median-priced home without losing the concession.

From July, those restrictions disappear.

Every first home buyer in the ACT will pay no stamp duty, regardless of income or purchase price.

Canberra remains one of Australia's most expensive housing markets, with dwelling values increasing 82 per cent over the past decade. However, that growth ranks only 11th among Australia's 15 major housing markets, suggesting affordability pressures have been less severe than in many other parts of the country.

Simon Ma, CEO of OurTop10.com.au, said the latest reforms recognise that many first home buyers have simply outgrown thresholds set years ago.

"Many first home buyers aren't just looking for a way onto the ladder, they want a home their family can actually live in," Ma said.

"In a market where the median house price is over a million dollars, a concession scheme that cuts out at $1.02 million was never going to get them there.

"Removing the ceiling entirely means ACT first home buyers can now pursue the home they actually want, rather than limiting themselves to a price point designed for a very different market."

Whether other states follow remains to be seen. But at a time when most jurisdictions are struggling to improve affordability while also increasing housing supply, the ACT has quietly become the national test case for both.

15% stamp duty growth. Just 1% off the national housing target. Zero stamp duty for FHBs. Is the ACT the blueprint for the great Australian dream?

ACT abolishes stamp duty for first home buyers

A rooftop pool and spa overlooking the Brisbane CBD, private dining spaces, expansive landscaped gardens and a residents' lounge are set to crown <a href="https://www.apartments.com.au/new-apartments/callista-on-park-west-end-49-mollison-street-west-end-qld-4101">Callista on Park</a>, the final residential building within Brisbane's West Village precinct.

The rooftop amenity collection has been designed as an extension of the lifestyle already established throughout West Village, providing residents with a series of indoor and outdoor spaces that capitalise on the building's elevated position above West End.

A swimming pool and heated spa form the centrepiece of the rooftop offering, surrounded by landscaped gardens developed through a collaboration between developer Sekisui House and ASPECT Studios. The design incorporates expansive lawn areas surrounded by English garden-inspired planting.

[smartcode_project:default project_id=134800 project_image_fid=370648]

Residents will also have access to two barbecue and outdoor dining areas positioned to take advantage of views across Brisbane's skyline, neighbouring Mollison Park, and the surrounding inner-city landscape.

For larger gatherings, the rooftop includes a private dining room centred around a substantial stone island bench, complete with a full kitchen and a 10-seat dining table set beneath four-metre-high ceilings. The space has been designed to overlook both the rooftop gardens and the Brisbane CBD skyline.

A separate residents' lounge provides an additional indoor retreat connected to the broader rooftop amenity offering, creating another space for residents to work, relax or entertain guests.

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The attention to detail extends beyond the rooftop.

Upon arrival, residents will enter through a lobby featuring a bespoke ceiling light installation developed in collaboration between Sekisui House and Alcorn Middleton Architecture. The arrival experience is complemented by private resident mailboxes and carefully considered interior finishes designed to reflect the premium positioning of the building.

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The amenity offering forms part of Callista on Park, the final residential release within the decade-long transformation of the former Peters Ice Cream Factory site into West Village, one of Brisbane's most established mixed-use communities.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and being delivered by <a href="https://www.apartments.com.au/builders/hutchinson-builders">Hutchinson Builders</a>, Callista represents the most premium residential offering within the masterplanned precinct.

Construction is now entering its final stages, with scaffolding beginning to come down and completion expected in the first quarter of 2027.

Prices for the three-bedroom plus MPR apartments start from just over $2.6 million.

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Callista will mark the final opportunity to purchase within West Village, where residents have direct access to more than 35 retail, dining, wellness and medical operators including Harris Farm Markets, Woolworths, Function Well and Goodlife Health Clubs, Metro Arts, and a growing collection of restaurants and cafés.

Located just 800 metres from the Brisbane CBD, the precinct also places residents within walking distance of South Bank, West End's dining scene, riverfront parklands and major public transport connections.

For Sekisui House, which has delivered more than two million homes globally, Callista serves as the concluding piece of the West Village masterplan, bringing together the precinct's heritage character, parkland setting and emphasis on walkability in a final collection of larger-format residences.

[smartcode_project_cta:default project_id=134800]

Rooftop pool, private dining and skyline gardens to crown West Village's final apartment release, Callista on Park

<a href="https://www.apartments.com.au/developments/wahroonga-nsw-2076">Wahroonga</a>’s enduring appeal has long been tied to its balance of bushland, established amenity, and access to some of Sydney’s most respected education and healthcare institutions.

Along Fox Valley Road, that combination is becoming increasingly sought after by buyers looking to remain connected to the Upper North Shore lifestyle while prioritising walkability, wellbeing, and convenience.

Developer Capital Corporation's initial vision of a 62-hectare site on Fox Valley Road was that they could create their own walkable community, bordered by&nbsp;more than 25 hectares of bushland and adjoining Coups Creek.

<img alt="Wahroonga" data-entity-type="file" data-entity-uuid="b84917a1-0d75-49b9-888c-ddf7ebfd6692" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/NEW2026_Wahroonga_Walkway.gif?VersionId=Gk3_xi5ssYfalmwuQQ5umQakddceC31j" />

<a href="https://www.apartments.com.au/new-apartments/the-residences-at-wahroonga-estate-169-fox-valley-road-wahroonga-nsw-2076">The Residences at Wahroonga Estate</a> draws directly on the area’s natural landscape, with walking trails and green corridors linking into sections of Lane Cove National Park. The surrounding network of bushwalks, cycling tracks, and reserves reinforces the suburb’s long-standing reputation as one of Sydney’s most nature-oriented residential pockets, while still maintaining close ties to village retail and transport infrastructure.

The address places residents within minutes of Wahroonga and Turramurra villages, where cafés, local grocers, boutiques, and everyday services support a highly localised lifestyle. Popular nearby venues including The Fox Café and Breeze Valley Café provide easy options for morning coffee or casual dining, while longstanding retailers such as IGA Wahroonga Fresh and Novella Fine Books continue to anchor the area’s village character.

&nbsp;

<img alt="Wahroonga" data-entity-type="file" data-entity-uuid="c4a950f7-4f05-4370-b360-b106359788e5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/2026_Wahroonga_Entry_Gates.gif?VersionId=7n5kh9ymu.azYEYDemJkPgiIAfSw44oj" />

Healthcare access remains one of the defining locational advantages of the estate. Sydney Adventist Hospital, known locally as The San, sits directly adjacent and is one of the largest and most respected private hospitals in New South Wales. The hospital precinct incorporates specialist medical services, radiology, physiotherapy, and outpatient care, contributing to growing buyer demand from downsizers and owner-occupiers seeking long-term convenience and peace of mind.

Research commissioned by Capital Corporation found that health and wellbeing considerations are increasingly influencing downsizing decisions, particularly among buyers wanting to remain within familiar neighbourhoods while accessing medical infrastructure more easily.

Education has also historically underpinned demand across Wahroonga and the broader Upper North Shore. The estate sits close to several of Sydney’s leading private and independent schools, including Knox Grammar, Abbotsleigh, Barker College, Pymble Ladies’ College, Ravenswood School for Girls, and Loreto Normanhurst. Co-educational options including Wahroonga Adventist School and Sydney Adventist School further strengthen the area’s appeal to established families looking for long-term schooling pathways within a tightly held catchment.

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Transport connectivity supports the suburb’s liveability without compromising its quieter residential character. Wahroonga and Turramurra train stations provide direct rail access into the Sydney CBD, while the nearby Pacific Highway and M1 motorway strengthen links across the North Shore and broader metropolitan area. At the same time, the heavily treed streetscape and low-density character continue to distinguish the precinct from more urbanised parts of Sydney.

The Residences at Wahroonga Estate forms the first stage of <a href="https://www.apartments.com.au/developers/capital-corporation">Capital Corporation</a>’s broader masterplanned vision for the precinct, delivered alongside the Seventh-day Adventist Church.

[smartcode_project:default project_id=135247 project_image_fid=364995]

Designed by <a href="https://www.apartments.com.au/architects/group-gsa">GroupGSA</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/coco-republic-interior-design">Coco Republic</a>, the development integrates landscaped communal spaces including a pet-friendly Green Spine, resident lounge, BBQ pavilion, and direct bushland access, reinforcing the project’s focus on outdoor connection and community-based living.

Now under construction by Gold Star iCIRT-rated builder <a href="https://www.apartments.com.au/builders/dasco-australia">DASCO</a>, The Residences at Wahroonga Estate will deliver a collection of one, two, and three-bedroom apartments priced from $990,000, with completion anticipated in 2027.

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Capital Corporation to cater to Upper North Shore downsizers by creating walkable community at The Residences at Wahroonga Estate

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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Darwin’s median house price has now fallen by 19 per cent after peaking at $620,800 in June 2014, according to a report released this week by BIS Oxford Economics.
This has taken the median to an estimated $505,000 at June 2018 and the upturn to 2014 was driven by the ramp up in resource sector investment led by the Icthys LNG project.
However, construction work on this project has been winding down, while lower commodity prices have also seen other mining facilities mothballed.
“The boom in mining investment was accompanied by a boom in new dwelling construction,” said Angie Zigomanis, head of BIS Oxford Economics' Residential Research Unit
“However, dwellings were being completed as mining investment was retreating and population growth contracting, which in turn saw Darwin’s vacancy rate rise to a peak of 7.8 per cent in December quarter 2016.”
House price falls in Darwin are expected to have bottomed out in 2017/18 and although quarterly median house prices have still been patchy, it appears that the downward trend has at least stopped, noted the BIS Oxford Economics economists.
Nevertheless, the oversupply means house prices are forecast to remain flat in 2018/19, before limited growth comes through over the subsequent two years.
The collapse in new dwelling construction is expected to see excess stock steadily absorbed in this period.
The report forecasts that Darwin’s median house price is to rise by a total of only five per cent in the three years to June 2021, which will result in a real house price decline of three per cent over the period.
Unit prices have retreated further than house prices, with the median being 33 per cent off its peak at June 2018 reflecting the high level of unit supply that has been added to the market.
BIS Oxford economists forecasts are that unit price growth over 2018 to 2021 to be slightly lower than for houses at a total four per cent, or a four per cent decline in real terms.
For a look at our take on the BIS Oxford Economics report for the national market check out, "<a href="/expert-insights/buying/melbourne-house-prices-forecast-to-tread-water-through-to-2020-21-bis">Melbourne house prices forecast to tread water through to 2020/21</a>".
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Downward Darwin housing market trend has stopped: BIS Oxford Economics

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The Wollongong residential market has experienced strong growth in recent years, over 20% greater than Newcastle.
Primarily because of its proximity to Sydney and the potential for the population commute to Sydney, where there is a larger variety of higher paying jobs, according to the latest report from BIS Oxford Economics.
Wollongong’s median house price is calculated to have risen by 68 per cent in the four years to June 2017, but growth has slowed down to around two per cent in 2017/18 in line with the slowdown in the Sydney market.
In contrast, median house price growth in Newcastle has lagged, having risen by an estimated 42 per cent in the four years to June 2017, although house price growth in 2017/18 has been stronger, at an estimated five per cent, the report noted.
The lower price growth in the Hunter Region reflects it being largely outside the orbit of Sydney from a commuting perspective, and weaker local employment conditions that have been impacted by falling coal investment.
The economists suggest, that the market appears to be tightening, with vacancy rates in the Hunter Region falling below two per cent since the last quarter of 2017.
"Both regions will start to show slowing price growth over the next three years, in line with the weaker Sydney market", the report forecasts.
"Starting from further behind, more upside is forecast for the Newcastle market, where the median house price is expected to rise by a total six per cent in the three years to June 2021."
In contrast, prices in Wollongong are expected to remain flat, with aggregate growth of one per cent in the three years to June 2021, the economists suggested.
Recent population estimates from the Australian Bureau of Statistics suggests that despite decreasing affordability in Sydney, there hasn’t been significant growth in migration into these regions from Sydney as yet.
However, if movements were to accelerate, there could be some upside to the price forecast for both markets, concluded the report.
For a look at our take on the BIS Oxford Economics report for the national market check out, "Melbourne house prices forecast to tread water through to 2020/21".
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Newcastle and Wollongong's residential market growth to weaken in line with Sydney: BIS Oxford Economics

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A four bedroom house in Western Australia's Quinns Rocks has been listed by mortgagees.  It is listed at $279,000 through Sharen Lewis at Laurence Realty.
It was built in 1995. It last sold at $370,000 in 2012.  
The <a href="https://reiwa.com.au/10-cresswell-place-quinns-rocks-4091707/" target="_blank">10 Cresswell Place, Quinns Rocks</a> house has an open plan living, four bedroom, two bathroom, and two space parking. It features a theatre/lounge, and below ground pool.
It is moments from schools, transport, shopping, parks, restaurants, cafes, and beaches. The suburb's median house price sits on <a href="/developments/quinns-rocks-wa-6030">$450,000</a>  according to CoreLogic.
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Quinns Rocks house listed by mortgagee

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Adelaide’s estimated median house price of $510,000 at June 2018 represents a four per cent increase for 2017/18, according to a report released this week from BIS Oxford Economics.
“With relatively soft economic conditions, prices in the Adelaide market appear to be responding to low interest rates,” said Angie Zigomanis head of BIS Oxford Economics' residential research unit.
“Net interstate migration outflows have improved slightly, although remain high, while new dwelling completions remain elevated."
Mr Zigomanis forecasts that “economic conditions in South Australia are to remain subdued in the short term."
"The unemployment rate for the state is above the national level, and a lull is expected as the economy responds to the shutdown of automotive manufacturing ahead of other future employment drivers such as ship building ramping up."
Affordability in Adelaide does not appear to be a constraint on the market and this will support prices.
Growth in net overseas migration inflows into South Australia is unlikely, although net interstate migration outflows are expected to slowly improve as the employment outlook eventually improves, the economists suggested.
Modest growth averaging three per cent per annum is forecast for 2020/21, beginning to accelerate into the final year of this outlook as the economic environment steadily improves.
In contrast, there has been a decline in median unit prices in 2017/18 in response to high levels of unit supply and a further decline is forecast in this report for 2018/19 before unit prices stabilise and improve in subsequent years, although still only display modest growth.
For a look at our take on the BIS Oxford Economics report for the national market check out, "Melbourne house prices forecast to tread water through to 2020/21".
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Adelaide's housing market remains affordable: BIS Oxford Economics

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The CoreLogic Quarterly Regional Market Update ranks Geelong as taking regional honours with the largest annual increase in median values in both houses (15.8%) and units (12.2%).
Houses increased by nearly 16%, while units saw an increase of over 12%.
Sales activity was down 3% across Geelong
Rental rates for units in Geelong increased by nearly 2%.
<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/2018/6/12/geelong%201.jpg" alt="">
A home at <a href="https://www.realestate.com.au/sold/property-house-vic-geelong-125229510" target="_blank">161 Verner Street</a> (top) recently sold for $1,420,000 after being built in 2011.
The 860 square metre parcel last traded for $319,000 in 2009.
A <a href="https://www.realestate.com.au/sold/property-house-vic-geelong-127809642" target="_blank">Mundy Street home</a> (below), designed and built in 2014 by Padarc, sold for $950,000 after having a guide of $899,000 to $969,000.
<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/2018/6/26/Geelong%201%2042%20Mundy%20St%20950000.jpg" alt="">
The three bedroom property was built to wrap around a central courtyard.
It was a windfall result for the vendors, who paid $198,662 for the 210 square metre parcel then $350,000 for the build of the home.
A classic cottage at <a href="https://www.realestate.com.au/sold/property-house-vic-geelong-128297002" target="_blank">16 Brownbill Street</a> (below) sold for for $650,000 at its recent weekend auction.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/29/2c4cad4713c947fab85b8404d63de9af.jpg" alt="">
A three bedroom home at <a href="https://www.realestate.com.au/sold/property-house-vic-geelong-128428562" target="_blank">46 Bourke Crescent</a> recently fetched for $780,000.
The 455sqm homestead (below) last sold for 288,000 in 2003, almost a 300 percent increase in value in 15 years.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/26/Geelong%203%2046%20Bourke%20Crescent%20780000.jpg" alt="">
A two bedroom, one bathroom house marketed as a quaint and charming family home recently sold for $581,000 (below).
Located on <a href="https://www.realestate.com.au/sold/property-house-vic-geelong-128360630" target="_blank">151 Swanston Street</a>, the 301sqm one-story holding last sold for $272,500 in June 2009.
<img src="https://www.urban.com.au/images/2018/6/26/Geelong%205%20Swanston%20St.JPG" alt="">
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What $650,000 buys in Geelong, the nation's top performing regional area

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EXPERT OBSERVER
We check-in on the regional areas of the country and look at how values have increased over the past year and where they sit relative to previous peaks.
Over the 12 months to April 2018, dwelling values across the combined regional markets have increased by 2.4% compared to a -0.3% fall in values across the combined capital cities.  Although values in regional areas are continuing to rise, the rate of annual growth has slowed from a recent peak of 6.4% in June 2017, although the rolling quarterly rate of growth has shown an accelerating trend over the past six months.
Based on the ‘Statistical Area level 4’ (SA4) geography, there are 42 regions across Australia outside of the capital cities.  Of these 42 regions, 25 have recorded an increase in dwelling values over the past year while the remaining 17 have recorded falls.  Each SA4 region in Western Australia recorded a fall in values over the past year while all of the regional areas of Tasmania and the Northern Territory saw values increase over the past year.
Change in values across regional SA4 markets as at April 2018
<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/2018/6/4/REGIONAL%20.jpg" alt="">
Geelong recorded the greatest increase in values across regional Australia over the past year with values rising by 9.8%.  At the other end of the scale, the Mackay-Isaac-Whitsunday region of Queensland recorded the greatest value falls, down -9.4%. Generally speaking, values in regional Australia are growing quickest in those regions relatively close to major capital cities while weakness persists in those regions linked to the mining and resources sector.  While dwelling values are lower in most mining related areas over the past twelve months, many areas have seen a noticeable improvement in the rate of decline relative to previous years.
While regional dwelling values are continuing to climb, albeit at a slower pace, values across a number of these markets remain below their historic peaks.  Of the 42 regions, only 16 regions have dwelling values that are currently at historic high levels.  The Outback (North) region of Western Australia has dwelling values that are currently furthest away from the previous peak level, down -59.6% from October 2012 when values hit a record high.    Focusing on those regions in which values remain below their peak, regions linked to the mining and resources sector typically have current dwelling values which are furthest away from their peak.  Seven SA4 regions across the country currently have values which are down at least 20% from their peak and all of them, except Bunbury in Western Australia, are directly linked to the mining and resources sector. Each of these seven regions have continued to record a decline in dwelling values over the past year.  Although many of these regions are showing signs they are beginning to recover, it will likely be a long way back to their previous historic peaks.
Although regional markets are continuing broadly to see dwelling values increase, the rate of growth has slowed in a number of major regions.  In fact, 12 months ago Illawarra was the best performing regional market for value growth with values 17.4% higher over the year compared to growth of just 2.7% over the past 12 months.  While no regional market recorded annual growth in excess of 10% over the past year, four regions had a year ago (Illawarra, Southern Highlands and Shoalhaven, Richmond-Tweed and Geelong).  Only 13 of the 42 regional markets have recorded stronger value growth over the past 12 months compared to the previous 12 months.  
While value growth is anticipated to remain stronger in regional markets than in capital cities over the coming year, it is expected that those regions close to Sydney in particular, will continue to experience a slowdown in their rate of value growth as interstate migration outflows trend higher and jobs growth becomes more broadly spread outside of New South Wales and Victoria.  Regional markets nearby to Melbourne, Hobart and Brisbane are the most likely to experience an uptick in value growth thanks to strong migration flows and more affordable housing costs.  Additionally, lifestyle markets are well positioned to see growing demand from cashed up baby boomers who have seen a substantial wealth injection from housing value growth in Sydney and Melbourne. 
CAMERON KUSHER is head of research for CoreLogic. You can contact him <a href="https://blog.corelogic.com.au/about/">here</a>.
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Geelong ranks the strongest regional housing growth market: CoreLogic's Cameron Kusher

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A three bedroom house in Western Australia's Waikiki has been listed by mortgagees. 
<a href="https://www.realestate.com.au/property-house-wa-waikiki-127910294" target="_blank">It has been listed</a> at $217,500 by Patrick Holmes and Louis Dickenson at Raine &amp; Horne, who have had it on their books for 100 days.
The <a href="https://reiwa.com.au/11-bernier-close-waikiki-4054649/" target="_blank">11 Bernier Close, Waikiki</a> house is on a 410 square metre block with three bedrooms and one bathroom.
It was built in 1998 and last sold at $230,000 in 2006.
It features an open plan kitchen, dining and living.
The suburb's median house price sits on $353,500  according to CoreLogic.
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Waikiki house mortgagee listing set for loss

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The former Olympic team chef de mission, Kitty Chiller, sold her East Melbourne property, but only after negotiations followed its weekend auction.
The two-bedroom townhouse attracted just the one bidder, an increasing trend at auctions across the capital cities.
Listed with $1.75 million to $1.925 million guidance, Gary Peer agents Adam Paykel and Darren Krongold sold the 1975-built property after it was passed in at $1.66 million.
The sale price was not disclosed.
<a id="x_mcntLPlnk582999" class="x_mcntx_mcntOWAAutoLink x_mcntOWAAutoLink" href="https://www.realestate.com.au/sold/property-townhouse-vic-east+melbourne-128464106" target="_blank">The Hotham Street property</a> (top) had been tenanted for 16 years having been in her family since 1981 when it cost $128,000, The Herald Sun reported.
Even with four registered bidders, there were post-auction negotiations needed to secure a $2,425,000 Drummoyne sale in Sydney.
The three bedroom <a id="x_mcntLPlnk17429" class="x_mcntx_mcntOWAAutoLink x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-apartment-nsw-drummoyne-128461950" target="_blank">9/68a-70 St Georges Crescent </a>penthouse (below) had been passed in at $2.3 million. The price guide had been $2.35 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/2018/6/25/drum1.jpg" alt="">
Lynsey Kemp, of Belle Property negotiated a post-auction sale to a buyer from Hong Kong who plans to use the property as a Sydney base.
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The highest preliminary clearance rate was again recorded in Adelaide where 68 per cent of the 50 reported auctions were successful, followed by Canberra, where 65.2 per cent of the 46 reported auctions cleared.
Click here <a href="https://www.propertyobserver.com.au/images/2018/6/25/june-25.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/2018/6/25/june-25.jpg" alt="">
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There was an unusual auction occurrence when a Watson house sold for $761,000 under no-reserve auction conditions with the proceeds going to charity.
<div>There were 25 registered bidders when an original 1960s Canberra red brick home which had a staggering 45 contracts issued during the Ray White campaign.</div>
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<div>Local Canberra man Lionel Moore, who passed away in March, willed his home to the children’s cancer charity, Camp Quality.</div>
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<div>The 664sq m property at <a id="x_mcntLPlnk952191" class="x_mcntx_mcntOWAAutoLink x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-act-watson-128495578" target="_blank" rel="noopener noreferrer">5 Harding Street, Watson</a> (below) had been owned by Mr Moore for more than five decades.</div>
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<div><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/25/watson.jpg" alt=""></div>
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The preliminary national clearance rate sat at to 58.7 per cent this week, after last week saw the final clearance rate revise down to just 52.4 per cent. 
Auction volumes were lower over the week with 1,842 homes taken to auction across the capital cities, down from 2,002 last week as the winter hibernation sets in.
Melbourne was host to 946 auctions over the week, returning a preliminary clearance rate of 62.3 per cent. Over the same week last year, there were 1,047 auctions held in Melbourne, returning a clearance rate of 70.7 per cent.
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There were 635 auctions held in Sydney returning a preliminary auction clearance rate of 55.3 per cent. 
"This time last year, 68.2 per cent of the 939 auctions held were successful," CoreLogic auction analyst Kevin Brogan noted.
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<div>The nation's top seller was a pre-auction sale at Turramurra in Sydney's upper North Shore (below).</div>
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<div><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/25/turra.jpg" alt=""></div>
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The double brick residence designed and built by Chateau Architects and Builders for its 1220sqm level block at <a id="x_mcntLPlnk484337" class="x_mcntx_mcntOWAAutoLink x_mcntOWAAutoLink" href="https://www.realestate.com.au/property/29-trentino-rd-turramurra-nsw-2074" target="_blank" rel="noopener noreferrer">29 Trentino Road</a> sold for $4.3 million through Di Jones Real Estate.
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Top weekend sale in Sydney as Adelaide and Canberra auctions strong

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Sydney's median house price is forecast to bottom out at eight percent below its June 2017 peak, according to BIS Oxford Economics latest forecast.
It will still sit four percent below the peak by June 2021, the industry analyst and economic forecaster has predicted.
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Sydney’s estimated median house price of $1,120,000 at June 2018 represented a seven per cent increase over the prior 12 months, after recording a substantial 85 per cent rise over the prior five years.
BIS have forecasted an aggregate price growth of three percent between June 2018 and June 2021.
By 2019/20, a combination of the correction in prices, the undersupplied market and some improvement in the economic outlook is forecast to see prices stabilise, and potentially show modest rises into 2020/21, BIS suggests.
The economic forecaster said that although the unit market has a greater exposure to the downturn in investor demand, it appears that the stronger first home buyer demand is helping to support prices.
Nevertheless, median unit prices are expected to have fallen four per cent in 2017/18, with a further fall of three per cent forecast for 2018/19.
By June 2021, the median unit price is forecast to be five per cent off its peak, and 14 per cent lower in real terms.
Investors were the key to the upturn, having consistently accounted for over half the value of residential loans since 2013, compared to around 40 per cent over the prior five years, says BIS Oxford Economics senior manager Angie Zigomani.
However, continued tightening in bank lending policy directed by the Australian Prudential Regulation Authority (APRA) has caused investors to retreat from the market, which in turn has resulted in the price decline over 2017/18. 
“Lower loan-to-value ratios and rises in interest rates for investors and for interest-only loans have reduced investors’ ability to borrow and bid up prices for dwellings on the market,” he said. 
“This has caused prices to ease as Sydney prices revert to a level that is more affordable under these conditions.” 
Owner occupier demand remains elevated, with first home buyer demand particularly strong in response to State Government stamp duty exemptions.
 However, owner occupier demand appears to have topped out, and with tight lending conditions expected to continue to discourage investors, overall demand will fall, with the median house price also forecast to fall by two per cent in 2018/19. 
Rising new dwelling completions will see the erosion of some of Sydney’s dwelling deficiency, although the market is likely to remain undersupplied which will prevent larger falls in prices.
 
 
 
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jrobinson-rf4aSBido9

Sydney house prices to fall 8 percent from 2017 peak: BIS Sydney forecast

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The biggest dread among vendors going to auction is that their property will be passed in on auction day.
With auction clearance rates now in the 50 percent range, and even lower in some suburbs, this is a very real likelihood.
Selling at a fair market value - or better - is often dependent on the extent of buyer numbers and enthusiasm.
One bidder auctions have become far more prevalent, as vendors lose their grip on being able to secure above reserve outcomes at their auctions across Sydney every Saturday.
There's a special negotiating skill needed for the listing agent to immediately secure a sale in such onsite circumstances.
Ofcourse the agent can knock heads together during the auction, but that will take a bit of give and take from both vendor and buyer.
Vendors certainly need to anticipate this possibility.
But should vendors accept the price drop on offer from the only buyer at the auction or are they best holding off selling until later Saturday afternoon or sometime in the next week.
It all depends on the level of actual and perceived buyer interest, starting from the number of contracts that have been issued in the run up to the auction.
Agents need to follow all their potential buyers closely, and keep their vendors in the loop.
An emerging factor has been that bank finance approvals are slower and harder to get, and many buyers are finding just days before the auction that they need to lodge more information before safely securing finance.
They necessarily sit out the auction. 
This has come about as the financial regulators and the royal commission have frightened the banks so that they are dotting all the i's and crossing every t.
Coming together for post-auction negotiations is a skill that some agents need if their vendors aren't going to sell for far less than they wish.
The biggest myth about properties that sell after auction is that they go on to sell for a poor price.
That is not the case, veteran estate agent John McGrath recently noted given that fresh buyers are coming into the market every week.
The recent clearance rate downturn has likely undermined the benefits many see in a sale by auction which typically come with the potential for a premium sale price.
Unmotivated sellers rarely auction their properties.
Stuart Benson at Benson Auctions noted at a recent realestate.com.au auctioneers' round table that his clearance rate in north west Sydney was down by 15 percent, but after six weeks on the market the sales sat around 90 percent.
Following any post auction campaign that doesn't end in a sale, it is important vendors respond to the issues that possibly caused it.
Best relook at price, presentation and/or marketing), and there is no reason to think it property won’t sell.
This article was first published in the Daily Telegraph.
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