<a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.

A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.

Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360965]

“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.

From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.

The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360981]

Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.

A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.

Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360966]

Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.

“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.

Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360969]

Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.

The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.

“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”

The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.

The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.

[smartcode_project_cta:default project_id=149670]

Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.

The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.

Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.

The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.

The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" />

Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.

Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.

The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."

The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" />

Campbelltown has been starved of new residential developments in the last decade.

The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.

First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

[smartcode_project_cta:default project_id=152737]

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
</main>

Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

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>

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Ellen Walker

Off-the-plan property explained: What is stamp duty?

For most Australians, buying an apartment is one of the biggest financial decisions they'll ever make

The location, floorplan and price are often the first considerations, but in recent years another question has become increasingly important: who is actually delivering the project?

A series of high-profile builder collapses, construction delays and defect concerns have fundamentally changed how many Victorians approach buying off the plan. The collapse of Porter Davis in 2023, which reportedly left around 1,700 homes unfinished, became one of the most visible examples of the risks that can emerge when a construction company fails. <a href="https://www.equifax.com.au/sites/default/files/lpassets/pdf/Final-Business-Market-Pulse-June-Sector-Deep-Dive-Report-2.pdf">Similar challenges across the broader construction sector</a> have left buyers asking more questions before signing a contract.

As Victoria continues encouraging higher-density housing to address supply shortages, transparency is becoming just as important as location or price.

One tool increasingly entering the conversation is the <a href="https://icirt.com/">Independent Construction Industry Rating Tool (iCIRT)</a>, an independent assessment framework designed to help buyers better understand the developer or builder behind a project. Originally developed by Equifax in consultation with government and industry as part of NSW's Construct NSW reforms, the system has since expanded nationally.

<h2 data-end="1519" data-section-id="7nmx3" data-start="1492">What is an iCIRT rating?</h2>

Most Australians are familiar with independent ratings in everyday life.

We compare ANCAP safety ratings before buying a car. We look at Health Star Ratings in supermarkets. Banks rely on credit assessments when lending money.

Until recently, however, there has been very little independent information available to help apartment buyers assess the business responsible for delivering a residential project.

That gap is what iCIRT was designed to address.

Builders, developers and other construction professionals with an iCIRT rating have demonstrated high-trust characteristics through an independent, evidence-based assessment across six criteria: Character, Capability, Conduct, Capacity, Capital and Counterparties. This involves a rigorous review of financial health, past project track record, and ethical conduct. Crucially, an iCIRT rating could help provide property buyers with confidence that they are working with a professional who has demonstrated the capability, capacity, and willingness to return and rectify issues.

<img alt="iCIRT" data-entity-type="file" data-entity-uuid="dcbb59af-3d5a-43aa-b28e-a66e55a83568" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Announcement.png?VersionId=6OD8r.v.oucEF01BWxR85urzoD9seQ9e" />

Importantly, iCIRT is not a recommendation to purchase a particular property, nor is it a traditional credit rating. It is an independent assessment framework designed to provide objective information about a construction business using a <a href="https://icirt.com/sites/default/files/2025-08/iCIRT-Methodology-Issue1-May-2021.pdf">published methodology</a>.

The system has been widely adopted in New South Wales, where more than one-third of medium and large residential builders and developers now hold an iCIRT rating, representing over two-thirds of the state's residential building market by value as of 2025/26.

<h2 data-end="3126" data-section-id="h6ohtj" data-start="3084">Why buyers are doing more due diligence</h2>

For many buyers, particularly those purchasing off the plan, the biggest risk isn't whether they'll like the kitchen finishes.

It's whether the project will be delivered on time, to the expected quality, and by a company capable of completing the development.

<a href="https://icirt.com/sites/default/files/2026-07/iCIRT%202025%20Consumer%20Survey%20Report%20v05.pdf">Consumer research commissioned by iCIRT</a> found more than half of respondents believed current protections do not adequately safeguard buyers from builder insolvencies or defective projects. Other research found 88 per cent of prospective buyers would seek independent ratings or due diligence before purchasing, while 90 per cent said trust in construction professionals is essential.

That doesn't mean buyers should rely on a single rating alone.

Independent legal advice, understanding the contract, and seeking financial advice all remain important parts of the due diligence process.

However, an independent assessment can provide another source of information alongside those traditional checks.

<h2 data-end="4138" data-section-id="pquzxc" data-start="4094">Trust is becoming a competitive advantage</h2>

The conversation isn't only changing for buyers.

Developers are also recognising that trust has become an increasingly important part of the sales process.

<img alt="mirvac" data-entity-type="file" data-entity-uuid="1c11c691-e8cd-46c3-88fd-6c8d614e8357" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/mirvac.png?VersionId=ZqDqNL36WJOOCmNMmmO93Q2GTrFOBomz" />Mirvac is a 5 Gold Star iCIRT rated developer, the highest possible rating a developer can get: Harbourside by Mirvac

Five years ago, purchasers typically asked about floorplans, finishes and settlement dates.

Today, sales teams are increasingly being asked about the developer's experience, financial stability, previous projects and construction partners.

For companies with strong governance and established delivery records, an independent iCIRT rating provides another way to demonstrate those credentials before buyers even visit a display suite.

According to Equifax, the assessment can also help businesses drive sales and <a href="https://icirt.com/resources-for-business/icirt-rating-helps-scion-secure-high-value-projects">secure high-value projects</a>, as well as identify operational improvements and <a href="https://icirt.com/resources-for-business/mirvac-reinforces-brand-trust-and-quality-independent-icirt-rating">attract top talent</a>.

<h2 data-end="4962" data-section-id="1j54ng5" data-start="4912">Beyond buyers: lenders are paying attention too</h2>

The influence of independent construction ratings is also extending beyond consumers.

According to Stamford Capital's Real Estate Debt Capital Markets Survey, an increasing number of lenders now incorporate iCIRT ratings into their due diligence processes when assessing residential development finance applications.

The survey found lender adoption has continued to rise, with many respondents saying independent assessments provide additional insight into governance, counterparties and delivery capability beyond traditional financial analysis. Some lenders also reported declining funding applications where businesses had poor or no ratings.

As construction costs remain elevated and access to development finance becomes more selective, demonstrating credibility is becoming increasingly valuable.

<h2 data-end="5801" data-section-id="1qazuxs" data-start="5772">What it means for Victoria</h2>

Victoria's apartment market is entering a new phase.

The state is seeking to accelerate higher-density housing while simultaneously introducing reforms aimed at improving confidence in residential construction.

For buyers, that means there are more tools available than ever before to research the businesses behind a project.

For developers, it signals that transparency is becoming another point of differentiation in an increasingly competitive market.

Buyers are asking more questions than ever before and increasingly expecting independent information, not just marketing material, before making one of the biggest financial commitments of their lives.

<img alt="iCIRT" data-entity-type="file" data-entity-uuid="958e1497-8151-4689-aadc-baf59f6e6122" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/iCIRT-Infographic-Assessment-Process-Final.png?VersionId=7KyVcwSo4vCLXBYBdq382e3Si.R.9PWQ" />

<hr data-end="6469" data-start="6466" />
The information contained in this article is general in nature and does not constitute personal, financial, legal or tax advice. It does not take into account your personal objectives, financial situation or needs. Therefore, you should consider whether the information is appropriate to your circumstances before acting on it and, where appropriate, seek independent professional advice.

This article contains links to third-party websites. These links are provided for convenience only. Equifax Australia does not control and is not responsible for the content, accuracy or privacy practices of external sites.

Copyright © 2026 Equifax Australia Information Services and Solutions Pty Ltd. All rights reserved.

Buying off-the-plan in Melbourne? How independent iCIRT ratings are set to change Victorian property

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The property developing Deague family have spent $86 million on a 70 hectare house and land site near Craigieburn.
They have the intention to build a $750 million estate.
It's a rare house and land purchase for the Deague family, more well-known for their apartment, hotel and mixed-use developments.
Last year the Deague's paid nearly $25 million for a commercial development site in South Melbourne.
That's set for a $150 million, seven level Rothe Lowman-designed office project next to its existing business park.
The Deague family claims a property development tradition in the state that dates back to 1859.
Deague Group chief executive Will Deague told the AFR they saw better opportunities in the house and land market but the family is still committed to the apartment and mixed-use development space.
"The returns [in apartments] aren't there and so the demand has softened," Deague said.
"With migration into Australia, and especially the northern corridor of Melbourne at record levels, we will continue to look for further opportunities in this space," he said.
William Deague recently spent $12.2 million on a 1930s Toorak home and quickly got the work demolishing the landmark home.
The Deague family launched Whitehorse Towers in Box Hill late last year and saw over 500 apartment sales in two days.
The towers were billed as the tallest residential towers outside of the CBD. 
 
  
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Deague family plan $750 million estate outside Melbourne

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Dwelling values across Brisbane look to have seen the worst of their declines, suggests CoreLogic-Moody’s Analytics Australia Home Value Index Forecast.
House price values performed steadily last year across Greater Brisbane, with average gains of between three and four percent.
They are expected to continue to remain steady over 2018 and 2019, with small gains of around two to three percent.
The much publicised apartment oversupply affected apartment values last year, with most areas recording three to four percent losses.
But there's good news on the horizon for apartment values, with a sharp increase predicted in 2019, some areas even seeing increases of nearly seven percent. 
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After a lull in 2012, house prices in Greater Brisbane have seen strong gains as a result of strong local economies, partly tied to strong activity in finance, retail, construction and other sectors.
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In Brisbane-South, comprising Carindale, Holland Park and Sunnybank, house values have risen 40 percent since mid 2012.
Incomes per capita have risen a much smaller 6.7 percent over the period.
The number of houses approved for building reached 5,468 in mid 2016, more than double its 2010 to 2012 average, although approvals have since nearly halved.
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The effects of higher supply of houses and muted income growth mean that home values in Brisbane south are forecast to decline 1.5% in 2018, followed by a 1.2% recovery in 2019.
Overall, apartment values across Greater Brisbane are expected to recover 0.8% in 2018.
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The second housing area comprises more ‘lifestyle’ areas, including Sunshine Coast, Wide Bay, and Cairns.
Areas here are expected to perform better over the forecast period, as income growth remains robust and the degree of supply increase is not as great as in areas of Brisbane.
Housing markets in Queensland outside of Brisbane have also not seen the degree of price growth over the past few years. 
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The Sunshine Coast’s housing market has seen its value increase 32% since a slump in 2012.
Housing values are forecast to rise 5.7% in 2018, and close to 2% in 2019. The relatively stable housing market is a result of low unemployment (at 4.4% it is well below the national and state averages) and good income growth.
Building approvals across the Sunshine Coast have risen over the past two years, but at 5,000 annually they remain within historical averages and well below their rate in prior cycles 2002 and 1995. Similarly, home values in the Gold Coast are forecast to rise nearly 4% in 2018 and 6% in 2019.
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The third housing market region in Queensland is in commodity-producing areas. These include Central Queensland, Mackay-Isaac-Whitsunday, and Darling Downs-Maranoa.
Housing markets here have seen significant value declines over the past few years partly as a result of the end of the mining boom.
In Mackay-Isaac-Whitsunday, house values have declined 32% since June 2012. The reduction in mining investment pushed up unemployment to 9% by 2015 and reduced incomes, which per capita have fallen about 16% since 2010.
Slower population growth has also reduced a source of demand, although this is also working to reduce unemployment.
Further declines in house values are expected before a recovery. 
Sydney's biggest drops are predicted to be in Ryde and the inner city and south areas, while in Melbourne it's the inner south values that are going to take a hit.
Nationally there's set to be a cool, but no crash.
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j.ballantyne1990-6AQqhLzZaK

Brisbane's property values have seen off the worst with price falls: Moody's Analytics

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House values in Melbourne's inner south are set for the biggest price drop over the next two years, according to Moody's Analytics CoreLogic's Hedonic House Value Index.
The latest figures suggest the area will see a 2.5 percent house price value drop, followed by a 5.5 percent decrease in 2019.
House values in the inner south area fell in April for the first time since the end of 2012.
Housing supply has ramped up significantly in recent years and remains elevated by historical standards, with a strong pipeline of completions ahead.
This correction in the housing demand/supply balance is likely to see home values in Melbourne’s inner suburbs continue to decline, CoreLogic suggest. 
The weakness is expected to be most acute in the inner south, where home values are projected to fall until mid-2020.
Similarly, apartment prices in the Inner South are projected to start falling from mid-2018, before firming by mid-2019.
For Melbourne-Inner and the Inner East, home values are expected to fall until the first half of 2019, after which a modest recovery is likely to take hold.
Apartment prices there are expected to hold up relatively well, with the price gains likely to continue.
Click here <a href="https://www.propertyobserver.com.au/images/2018/6/21/vic-home-value.jpg" target="_blank">to enlarge.</a>
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Melbourne's house price growth has slid for 11 consecutive months and fell in April to a 62-month low of 3.1 percent y/y.
The slowdown is most pronounced in Melbourne’s inner suburbs. House values in Melbourne's inner east edged up just 0.3% y/y, a 11⁄2-year low.
Apartment price growth is also cooling. Apartment values in Greater Melbourne were up 5.7% y/y in April, a 15-month low, with the Inner South leading the slowdown.
The downswing has not been confined just to Melbourne’s inner suburbs, with house values across Victoria generally rising at a slower pace.
In Melbourne’s outer suburbs, where house prices recorded stellar double-digit growth through 2017, growth has also decelerated markedly.
Annual house price growth is down at a 38-month low in the North East; a 35-month low in the North West; a 19-month low in the Outer East; a 16-month low in the South East; a 34-month low in the West, and a 20-month low in the Mornington Peninsula.
Geelong is bucking the trend in the rest of Victoria. 
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It saw a 10.6 percent house price value increase in 2017, and is set to see those prices soar another 12.3 percent this year and then a further 11.2 percent in 2019.
Ballarat is set to see consistent house price growth, as is the north west region.
Sydney's biggest drops are predicted to be in Ryde and the inner city and south areas while Brisbane has seen off the worst of its price falls.
Nationally there's set to be a cool, but no crash.
 
 
 
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Melbourne's inner south property values to fall the most: Moody's Analytics

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Ryde and Sydney's inner city suburbs are set to be the hardest hit in the housing downturn, according to Moody Analytics CoreLogic's Hedonic Home Value Index. 
After experiencing a 15.6 percent increase in house value in 2017, Ryde has a forecasted median house price drop of 9.2 percent.
The value drop is expected to carry on in to 2019, with declines of just over three percent predicted.
Sydney city and inner south suburbs, which have seen house value increases of over 70 percent since 2013, saw nearly the same percentage of house value increase as Ryde last year.
The house values are expected to drop 8.7 percent this year.
Unlike Ryde however, the house values in the city and inner south suburbs are expected to rebound in 2019, with a predicted jump back of 7.6 percent.
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CoreLogic's latest release suggests the Sydney housing market 'remains in a funk.'
The dwelling price drop in April was a ninth consecutive month of falls.
The prior upward cycle began around 2013, and from there to mid-2017 dwelling values across Greater Sydney increased 70%, according to the CoreLogic Hedonic Home Value Index. Since then, values have declined 4.2%. 
The strong dwelling price growth was borne out of the upbeat state of the economy, low unemployment figures, public infrastructure investment and the prevalence of interest-sensitive industries such as hospitality and construction.
Incomes in NSW have grown faster than the national average and underpin some of the recent gains in home values (see below). 
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However, housing values have grown even faster and thus are overvalued relative to equilibrium value.
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CoreLogic expect house prices across Greater Sydney to fall by 4.7% y/y in 2018, after a 12.8% gain in 2017.
They expect apartments to also slow but not as sharply, with a 0.6% y/y expansion expected in 4 2018, from the 9.8% growth in 2017.
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By 2019, the correction is expected to have largely passed, with house and apartment values forecast to increase by 0.9% and 2.2. 
Apartment values in Sydney have not experienced the same degree of growth as houses in recent years, and so are not expected to correct as sharply over 2018. 
Historically, apartment values are less volatile than houses. 
Supply constraints factor heavily in Sydney’s housing market and contributed to the strong runup in prices in prior years. 
A high level of supply has now come on line for apartments in the inner city and surrounding areas as well as dwellings in suburban areas via land releases and removing some development restrictions. This will contribute to the forecast price slowdown in 2018. 
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Outside Sydney, the story of the housing markets in rest of the New South Wales is a little different.
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As potential homebuyers’ incomes have not kept pace with the Sydney housing market, demand for areas outside Sydney has risen, as affordability is better.
This is especially so for areas such as the Central Coast, where house values are forecast to grow 4.3% in 2018, after a 13.4% increase in 2017.
Illawarra and Newcastle and Lake Macquarie areas have a similar story. Robust local economic conditions are driving house values in these areas
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However, regional areas farther away from Sydney where population growth is slower and supply constraints are reduced, such as New England and North West or Hunter Valley, have lagged. 
House values in New England and North West grew a tamer 1% in 2016 and in 2017 and are forecast to increase 5.5% in 2018 and 4.5% in 2019.
Melbourne's biggest drops are predicted to be in the inner south, while Brisbane has seen off the worst of its price falls.
Nationally there's set to be a cool, but no crash.
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Ryde and Inner city Sydney values to be hardest hit: Moody's Analytics 

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Recent small monthly falls in the Sydney and Melbourne markets support Moody Analytics' expectation for cooling, rather than a slump, in the near term.
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Its latest report forecasts Australia’s housing market is expected to cool further over 2018, given the coming stream of apartment supply coupled with continued restrictions on lending from the nation’s financial regulator, the Australian Prudential Regulation Authority.
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It noted several factors are at play, including aggressive regulatory action that has included limits on new bank lending exposure to the local housing market, higher borrowing costs especially for investors who tend to carry higher leverage, and improved enforcement of existing legal limits on foreign ownership have started to bear fruit.
It suggests if the housing market looks to be on a sharper than expected cooling trend that materially threatens the broader economy given the outsize exposure of consumers and lenders to local property, there was "little doubt regulators would step in to try to restore order, at the very least by winding back some regulatory limits."
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The latest Moody's Analytics CoreLogic Hedonic Home Value Index results show a divergent national market.
Declines in the biggest markets, Melbourne and Sydney, pushed down housing values in aggregate in April for a sixth consecutive month.
But markets in Adelaide, Darwin, Canberra and Hobart continue to improve, while markets in Brisbane and Perth were flat.
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After a 12.8% rise in 2017, house values across Sydney are forecast to decline nearly 5% in 2018 before a recovery in 2019. 
Apartment values in Sydney are likely to retain their value and gain 0.6% in 2018, thanks in part to healthy demand. 
Houses values in Melbourne are forecast to increase 1.5% in 2018, although some declines are forecast for Inner Melbourne. Melbourne’s apartment market is expected to hold up and gain 4.3% in 2018.
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House values across Brisbane are forecast to see a mild 1.4% gain in 2018, with strength in West Brisbane and Inner Brisbane offsetting declines in South Brisbane. 
Brisbane’s apartment values are tipped to rise 0.8% this year, driven by recovery in East Brisbane apartment values. Apartments in Inner Brisbane are still expected to see mild declines. 
House values in Perth will see another year of decline, with a 0.5% decline forecast for this year before a 2.2% recovery in 2019, driven by the steadily recovering local economy.
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Meanwhile, Adelaide’s housing market will continue its unremarkable run, albeit at a moderating pace.
House values in Adelaide are forecast to rise 1.2% in 2018, after a 4.9% gain in 2017. Canberra’s housing market will similarly see a slowdown, with values forecast to rise 4% in 2018 after an 8.7% gain in 2017.
Sydney's biggest drops are predicted to be in Ryde and the inner city and south areas.
In Melbourne it's the inner south values that are going to take a hit, while Brisbane has seen off the worst of its price falls.
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jrobinson-rf4aSBido9

Property values are set to cool, not collapse in 2018: Moody's Analytics

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Lalor Park, Prestons and Casula have been ranked the suburbs with the most distressed listings in New South Wales.
Lalor Park ranked as the nation's most distressed suburb, according to Investar.
It suggests Lalor Park's has discounted listings which accounts for 60 per cent of the total.
The postcode 2147's house listings are typically for sale for 106 days.
The suburb's median house sits at $680,000, with 6.33 per cent growth over the past year.
Its median rent sits at $430 per week, with 2.38 per cent increase over the past year.
The rental yield sits at 3.3 per cent.
The Preston postcode 2170's house listings are typically for sale for 122 days.
The suburb's median house price sits at $880,000, which has grown by 2.3 per cent over the past year.
Its median rent sits at $650 per week, with 4.8 per cent growth over the past year.
The rental yield sits at 3.8 per cent. 
The Casula postcode 2170's house listings are typically for sale for 175 days.
The suburb's median house price sits at $512,500, which has grown by 6.1 per cent over the past year.
Its median rent sits at $395 per week, with 1.3 per cent decrease over the past year.
The rental yield sits at 4 per cent. 
 
 
 
 
 
 
 
 
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Lalor Park, Prestons and Casula rank as the most distressed suburbs in New South Wales 

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Urbanest Darling House will welcome its first tenants next month.
A twin bedroom with ensuite will start from $560 per person per week, while a single bedroom with ensuite starts from $646, with prices inclusive of all meals at The Eatery, water, electricity, contents insurance and 100GB of wireless internet per month.
Urbanest is one of Australia’s largest PBSA providers.
Its CEO David Munro stated Urbanest had been at the forefront of this industry since opening the doors on their first property in South Bank, Brisbane almost 10 years ago.
It now has 12 properties throughout Australia.
Urbanest Darling House is the final part of a three-year development of two buildings in the Darling Square precinct, with Urbanest partnering with Lendlease, Buildcorp and AJ+C architects on the projects.
The 664 bed development on Darling Drive is connected via a bridge to the Urbanest Darling Square.
 "We are set to revolutionise traditional student living again with the opening of Urbanest Darling House,” said Mr Munro.
“Urbanest will for the first time provide students with a fully inclusive product that incorporates in-house world-class catering,” said Mr Munro.
Branded ‘The Eatery at Urbanest Darling House’, the new dining space will see a team of top chefs recruited for the in-house operation.
“Our goal is to give students more than just a meal with a focus is on providing safe, secure facilities in a fun environment, supporting both the social and academic needs of students whilst away from home.” said Mr Munro.
Munro noted investment in the Australian Purpose Built Student Accommodation (PBSA) market has witnessed major growth over the past decade.
Driving this investment is the value of the international education sector to the economy, which is expected to almost double to an excess of $33 billion by 2025.
 
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Urbanest Darling House to open in Darling Square precinct 

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Water’s Edge at Warners Bay has been given the green light for construction within weeks.
Water’s Edge, which will comprise 112 apartments, most with lake or pool deck views, is being developed by the construction company BLOC.
PRDnationwide agent Mark Kentwell says Water’s Edge has sold quickly since its release in September last year.
“More than 70% of the apartments have now sold off the plan," he said.
He is now selling the remainder and inviting expressions of interest for the ground floor commercial spaces.
“Warners Bay has been such a well-kept secret for so long, but thanks to the recent foreshore rejuvenation and the opening of so many great cafes and restaurants, we understand why Water’s Edge has proven so popular.
The $80 million project will also incorporate some retail and commercial spaces on the ground floor.
Construction is expected to be finished by early 2020 at the site adjoining King Street and the Esplanade.
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$80 million Warners Bay residential development, Water's Edge now 70 percent sold

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EXPERT OBSERVER
Since the housing market’s September peak, the 2% slip in national prices has surpassed the minor correction in 2015-16 that marred the otherwise multi-year upswing since 2012.   Unsurprisingly, Australia’s long-treasured dinner party conversation topic is starting to generate more nervous chatter.   Firstly, the good news: the rate of decline has moderated a little in the last three months.
The bad?
Buyer sentiment may be showing tentative signs of levelling out but is still not particularly promising, turnover remains near record lows and auction clearance rates are again falling in Sydney and Melbourne.
<a href="https://www.propertyobserver.com.au/images/2018/6/19/ride.jpg" target="_blank">Click here to enlarge.</a>
<a href="https://www.propertyobserver.com.au/images/2018/6/19/ride.jpg" target="_blank"><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/2018/6/19/ride.jpg" alt=""></a> If it’s any comfort, it’s worth remembering the 2% national decline from the peak remains shallow by historical standards and the declines are narrowly based.
With Sydney leading the decline with a 4.5% fall from the peak, it looks similar to the mid–2000s when the Sydney market experienced a downturn that mostly bypassed other markets, rather than the broader corrections seen during prior major interest rate tightening cycles, such as the mid-1990s.<a href="https://www.propertyobserver.com.au/images/2018/6/19/ride.jpg" target="_blank"></a>
Click here <a href="https://www.westpac.com.au/content/dam/public/wbc/news/images/article/2018/06/wbc-news-graph-australian-dwelling-prices.png" target="_blank">to enlarge.</a>
<img src="https://www.westpac.com.au/content/dam/public/wbc/news/images/article/2018/06/wbc-news-graph-australian-dwelling-prices.png">
Breaking it down further based on our preferred basis – the CoreLogic hedonic series – shows that a third of all properties are recording annual price declines, with just under 6% recording falls greater than 5%.As our May <a href="https://westpaciq.westpac.com.au/wibiqauthoring/_uploads/file/Australia/2018/May/WestpacHousingPulseMay2018.pdf" target="_blank" data-s-object-id="https://westpaciq.westpac.com.au/wibiqauthoring/_uploads/file/australia/2018/may/westpachousingpu_1">Housing Pulse</a> report shows, these falls compare to the more substantial house price corrections in 1994–96, 2004, 2008–09 and 2010–12 when more than half of all properties recorded annual price declines. Conditions across the country of course vary widely. In NSW, the largest state economy where prices rose the strongest in the recent boom years, slightly more than 25% of properties are now experiencing falls compared to none six months ago, representing the biggest rise in the incidence of price declines since September. What bears watching is whether the price falls spread beyond the middle and “top tier” houses, given several other Sydney segments are on the cusp of declines. Victoria is performing better. Only one segment – Melbourne “top tier” houses – are recording declines, accounting for 12% of all properties in the state.
Click here <a href="https://www.westpac.com.au/content/dam/public/wbc/news/images/article/2018/06/wbc-news-graph-share-of-dwellings-by-price.png" target="_blank">to enlarge.</a>
<img src="https://www.westpac.com.au/content/dam/public/wbc/news/images/article/2018/06/wbc-news-graph-share-of-dwellings-by-price.png">
 Although not driving the national correction, the mining states are still doing it relatively tough. Nearly 40% of Queensland properties are seeing annual price falls, while in Western Australia the entire state continues to suffer price declines. However, WA’s tentative housing recovery out of the state’s broader recession in recent years looks to be coming through with price slippage moderating and turnover finally lifting. Elsewhere, trends are mixed as the rising Tasmanian market experiences virtually no housing segments recording price falls and the South Australian market recording a lift in the incidence of price declines since 2017. All this feeds into our view that the housing correction is stabilising but susceptible to deteriorating. One thing to watch closely will be the impact of the banking regulator’s prudential policy measures, given the latest guidance points to some further “micro–prudential” tightening in credit conditions in coming months even as some “macro prudential” limits on lending to investors are removed.
Click here <a href="https://www.westpac.com.au/content/dam/public/wbc/news/images/article/2018/06/wbc-news-graph-macro-prudential-targets.png" target="_blank">to enlarge.</a>
<img src="https://www.westpac.com.au/content/dam/public/wbc/news/images/article/2018/06/wbc-news-graph-macro-prudential-targets.png">
 Also, the Reserve Bank estimates that $120 billion of interest only loans are set to roll over to principle and interest terms each year for the next three years. While the RBA suggests this should be a reasonably comfortably transition, there’s the risk of a further weakening in housing markets if it’s not. More generally, a thin market with low levels of turnover and persistent price slippage is likely to be more susceptible to shocks, buyer sentiment may have improved on a year ago but a loss of confidence from here would be a cause for concern. The chances of discussion about the housing market dying down at the dinner table and everywhere else any time soon appear very low. Matthew Hassan is a senior economist at Westpac.
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National house price drop surpasses 2012 correction: Westpac's Matthew Hassan

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EXPERT OBSERVATION
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The Bureau of Statistics reports that Australian home prices fell by 0.7 per cent in the March quarter to stand 2.0 per cent higher over the year – the weakest annual growth rate since September 2012.
Record homes in South Australia: At the end of March there were 40,600 more homes than at the end of December across Australia.  The number of homes in South Australia increased by 2,700 to 776,500 in the March quarter – the largest increase since the data series began in December 2011.  However, the number of homes in NSW increased by 7,800 to 3,096,900 in the March quarter – the smallest increase in 4 years. 
Consumer confidence: The weekly ANZ/Roy Morgan consumer confidence rating fell by 0.7 per cent to 122.1. Confidence is up by 9.2 per cent over the year and above the average of 113.9 since 2014 and average of 112.9 since 1990. Views on family finances are the best in 18 months at 132.5.
Reserve Bank Board minutes: The minutes from the June 5 Board meeting were issued. The Board’s neutral policy bias remains intact with a period of record low interest rate stability ahead for the foreseeable future. It noted that “recent data had been consistent with the Bank's central forecast for GDP growth to pick up to be above 3 per cent by the end of 2018.”
Home price data is important for retailers, especially those focussed on consumer durables. The consumer confidence figures have implications for retailers, and other consumer-focussed businesses. The Reserve Bank Board minutes provides guidance on interest rate settings.
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What does it all mean?
The rebalancing of the Aussie housing market continues. Today’s release from the Bureau of Statistics has been superseded by more timely monthly data issued on home prices by property analytics company, CoreLogic.
The Sydney and Melbourne markets have both slowed with prices falling in both cities. Data from CoreLogic confirms that national home prices have fallen by 0.4 per cent over the year to May – the first annual fall since October 2012. 
But it’s not all bad news. Perth and Darwin home prices appear to have bottomed and modest price appreciation has been recorded in Adelaide, Brisbane and Canberra over the three months to May. And Hobart’s economic renaissance and strong population growth is pushing-up home prices.  
Regional areas are also stand-out performers. The Melbourne and Sydney commuter belts of Geelong, Ballarat, Southern Highlands and Newcastle have recorded annual growth in property prices of 5-10 per cent to May.
The Reserve Bank is continuing to monitor developments, particularly around slowing housing credit growth, elevated household debt and the potential for tighter bank lending standards.
And the slowdown in the residential property market has seen the annual growth rate of the number of homes in Australia decelerate to 18-month lows in the March quarter. The stock of NSW homes rose by the slowest amount in four years. But it’s a different story in South Australia. The number of homes grew by the most on record during the March quarter.
What do the figures show?
Residential property prices
The Bureau of Statistics (ABS) has released its Residential Property Price indexes for the March quarter.
“The price index for residential properties for the weighted average of the eight capital cities fell 0.7 per cent in the March quarter 2018. The index rose 2.0 per cent through the year to the March quarter 2018.
The capital city residential property price indexes fell in Sydney (-1.2 per cent), Melbourne (-0.6 per cent), Perth (-0.9 per cent), Brisbane (-0.6 per cent) and Darwin (-1.1 per cent) and rose in Hobart (+4.3 per cent), Adelaide (+0.5 per cent) and Canberra (+0.9 per cent).
Annually, residential property prices rose in Hobart (+14.1 per cent), Melbourne (+6.2 per cent), Canberra (+3.8 per cent), Adelaide (+2.6 per cent) and Brisbane (+1.6 per cent) and fell in Darwin (-6.5 per cent), Perth (-1.5 per cent) and Sydney (-0.5 per cent).
“The total value of residential dwellings in Australia was $6,913,636.6 million at the end of the March quarter 2018, falling $22,498.3 million over the quarter.”
“The mean price of residential dwellings fell $5,100 to $687,700 and the number of residential dwellings rose by 40,600 to 10,052,600 in the March quarter 2018.”
CommSec estimates that the number of people per home increased from 2.47 in the December quarter to 2.48 in the March quarter.
The number of homes in South Australia increased by 2,700 to 776,500 in the March quarter – the largest increase since the data series began in December 2011. 
The number of homes in NSW rose by just 7,800 in the March quarter – the smallest lift in 4 years.
Consumer Sentiment
The weekly ANZ/Roy Morgan consumer confidence rating fell by 0.7 per cent to 122.1. Confidence is up by 9.2 per cent over the year and above the average of 113.9 since 2014 and average of 112.9 since 1990. 
Three components of the index decreased last week:
- The estimate of family finances compared with a year ago was down from +9.1 to +3.8;
- The estimate of family finances over the next year was up from +28.5 to +32.5;
- Economic conditions over the next 12 months was down from +15.3 to +10.9; 
- Economic conditions over the next 5 years was down from +18.0 to +17.0;  
- The measure of whether it was a good time to buy a major household item was up from +44.0 to +46.3.  
- The measure of inflation expectations two years ahead increased to 4.8 per cent – the equal highest level in 2½ years - up from 4.4 per cent in the previous week.
Reserve Bank March Board minutes:
Last paragraph: “The low level of interest rates was continuing to support the Australian economy. Further progress in the period ahead in reducing unemployment and returning inflation to the target was therefore expected, although this progress was likely to be gradual.”
On the labour market: “Forward-looking indicators of labour demand had continued to point to employment growth increasing to above-average rates in coming months.. The ratio of job vacancies to the number of unemployed workers had remained well below levels seen a decade earlier, which also signalled spare capacity in the labour market.”
On demographics: “The composition of net overseas migration had affected the age structure of the population. As a result, Australia's median age and old-age dependency ratios were projected to increase by less than those of other advanced economies, despite a relatively high life expectancy. This would make Australia one of the youngest populations within this group of countries.” 
On inflation and wages growth: “Inflation remained low and was likely to remain so for some time, reflecting slow growth in labour costs and strong competition in the retail sector. However, a gradual pick-up in inflation to be above 2 per cent was still expected as the economy strengthens and wages growth increases.” 
<h1>What is the importance of the economic data?</h1>
The Australian Bureau of Statistics (ABS) provides quarterly data on residential prices. The figures provide further perspectives on the state of the housing purchase sector.
The ANZ/Roy Morgan weekly survey of consumer confidence closely tracks the monthly Westpac/Melbourne Institute consumer sentiment index but the former measure is a timelier assessment of consumer attitudes and is now closely tracked by the Reserve Bank.
The Reserve Bank releases minutes of its monthly Board meeting a fortnight after the event. The minutes give a guide to Reserve Bank thinking on interest rate settings.
<h1>What are the implications for interest rates and investors?</h1>
The Reserve Bank remains patient. According to the Board, the slowdown in the Aussie housing market through macroprudential measures and tighter credit standards “has been helpful in containing the build-up of risk on household balance sheets”. And policy makers expect the“tightening [of lending standards] to be modest”. 
While there are a combination of reasons for slowing property prices in Sydney and Melbourne, including tighter government and lender restrictions on foreign and interest-only investment, the overall stock of homes being built in NSW is growing at a slower rate. Modest additions to supply combined with strong jobs growth, firm population growth and record low interest rates should cushion against a significant market downturn. The Reserve Bank stressed in its minutes that “Information from the Bank's liaison program suggested that demand for detached houses had remained strong, while off-the-plan apartment sales had slowed considerably as a result of weaker investor and foreign demand.” 
Nevertheless, household consumption remains a key uncertainty for the monetary policy outlook. The recent uplift in the Aussie sharemarket is timely as it appears that wealth accumulation from residential housing has peaked for now.
Consumer confidence is just below the 4-year highs last seen in January. Petrol prices have fallen over the past two weeks, while winter department store sales, solid economic growth data and possible personal tax cuts have lifted spirits. Jobs growth is still strong, but goods prices remain low. Interest rates won’t lift in the near-term.
And the Aussie sharemarket is lifting after a period of relative underperformance to its global peers. The ASX200 index is now up by 1.0 per cent year-to-date, broadly in-line with the US Dow Jones index. So it’s little wonder that Aussie household views on family finances are the best in 18 months. Total returns from shares should continue to outperform residential property.  
CommSec expects interest rates to be unchanged until at least February 2019.
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Ryan Felsman is a senior economist at CommSec.
 
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