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;

[smartcode_project:default project_id=146717 project_image_fid=372212]

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."

[smartcode_project:default project_id=146717 project_image_fid=372227]

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.

[smartcode_project:default project_id=146717 project_image_fid=372225]

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.

[smartcode_project:default project_id=146717 project_image_fid=372222]

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.

[smartcode_project_cta:default project_id=146717]

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.

[smartcode_project:default project_id=134323 project_image_fid=6395]

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.”

[smartcode_project:default project_id=134323 project_image_fid=6399]

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.”

[smartcode_project:default project_id=134323 project_image_fid=353235]

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.

[smartcode_project:default project_id=139989 project_image_fid=350986]

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.

[smartcode_project:default project_id=139989 project_image_fid=359152]

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.

[smartcode_project:default project_id=134800 project_image_fid=370647]

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.

[smartcode_project:default project_id=134800 project_image_fid=372541]

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.

[smartcode_project:default project_id=134800 project_image_fid=351535]

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.

[smartcode_project:default project_id=135247 project_image_fid=262183]

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.

[smartcode_project_cta:default project_id=135247]

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

<html><body>
A Burnett Heads three bedroom house close to Oaks Beach has been sold by mortgagees for $220,000.
It was sold by Jonathon Olsen from LJ Hooker Bundaberg.
It had last sold at $270,000 in 2011. 
<a href="https://www.realestate.com.au/sold/property-house-qld-burnett+heads-127625286" target="_blank">Located at 4 McKenzie Street</a>, the solid timber home on an 814 square metre allotment comes with three bedrooms, rear entertaining area and a front veranda. 
Additional features include air conditioning, ceiling fans and two bay lock up shed. 
The suburb's median house price sits on $285,000, according to CoreLogic. 
</body></html>

j.ballantyne1990-6AQqhLzZaK

Loss taking Burnett Heads, Queensland home sold by mortgagee

<html><body>
Sydney's city and inner south was its best auction performer last week, while the northern suburbs continue to carry the majority of the strong clearance rates.
The eastern suburbs has picked itself from its floor in recent weeks, securing nearer 70 percent.
Parramatta could only clear 34 percent of its weekend stock. Sydney's inner west was also a poor performer after clearing over 70 percent last week. 
Click here <a href="https://www.propertyobserver.com.au/images/2018/5/28/sub-regions.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/2018/5/28/sub-regions.jpg" alt="">
In Hornsby a three bedroom home sold for $1.13 million at auction, despite the agents heading in with a guide of $1.2 million (top).
Andrew Searle and Sandra Hughes-Searle from Belle Property sold the home at<a href="https://www.realestate.com.au/sold/property-house-nsw-hornsby-128265262" target="_blank"> 44 Old Berowra Road</a>.
In nearby Epping, Ross Mere, a four bedroom home on 820 sqm, fetched $1,955,000.
<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/2018/5/29/Epping%20.jpg" alt="">
The home at<a href="https://www.realestate.com.au/sold/property-house-nsw-epping-128263094"> </a><a href="https://www.realestate.com.au/sold/property-house-nsw-epping-128263094" target="_blank">86 Essex Street</a> was sold by Catherine Murphy from The Agency- North.
It last traded for $820,000 in 2004.
 
 
 
 
 
 
 
</body></html>

jonathanchancellor-7SQnKwU6yx

North of the bridge continues to keep Sydney above water 

<html><body>
A semi-detached home situated on a 539 sqm allotment in Elizabeth South, a northern suburb of Adelaide, has been sold by mortgagees for $114,000. 
It was sold by Ken Loft from Harcourts.
It was traded for $140,000 in 2012. 
<a href="https://www.realestate.com.au/sold/property-duplex+semi-detached-sa-elizabeth+south-128007018" target="_blank">The 38 Ridley Rd home</a> features three bedrooms, lounge, kitchen/dining area, and separate bathroom. 
Outside there is a carport and single garage.
It is close to transport, local shopping centre and schools.
The suburb's median house price sits on $225,000, according to CoreLogic.
 
 
</body></html>

Elizabeth South semi goes backwards in mortgagee sale

<html><body>
A three bedroom Erskine townhouse in a gated strata complex has been listed for $260,000.
It's set to sell for a big loss. 
The Western Australian home last traded for $404,300 when it was bought from the developer in 2008.
Kathryn Fiorenza at Peard Real Estate has the listing.
<a href="https://www.realestate.com.au/property-house-wa-erskine-128252602" target="_blank">The 4/5 Bower Drive house</a> features open plan living design, three bedrooms on the second floor, and double garage.
It comes with private courtyard and separate store room.
It is close to all amenities, including Erskine Shopping Centre, doctors, chemist, schools, cafes and public transport.
The suburb's median house price sits on $385,000, according to CoreLogic.
 
 
 
 
</body></html>

Erskine townhouse in WA listed by mortgagee

<html><body>
A north Adelaide three bedroom house has been sold at mortgagee auction for $266,000.
The 1992 built South Australian home was sold by Ken Loft from Harcourts.
It had last sold at $111,000 in 2011.
Located at <a href="https://www.realestate.com.au/sold/property-house-sa-burton-128007022" target="_blank">9 Gordo Court, Burton</a>, the house comes with three bedrooms, lounge, kitchen/dining/family area, and garage space. 
Situated on a 620 sqm corner allotment, it is close to transport, local shopping centre and schools.
The suburb's median house price sits on $330,000, according to CoreLogic. 
 
 
</body></html>

Mortgagee scores well over double purchase price for Adelaide home

<html><body>
The 2018 autumn selling season saw fewer bidders at its weekend auctions, which triggered a marked decline in clearance rates along with property prices beginning to fall.
On the final Autumn weekend, agents secured a national clearance rate of 59.7 per cent, according to CoreLogic, which was well down on summer's final weekend when 70.5 per cent of stock was sold in late February.
The gardening guru television host Brendan Moar is among the last minute Autumn listings with his Camperdown going to auction next weekend, before the cyclical winter listings hibernation takes effect from the June Queens Birthday long weekend.
Moar's four bedroom home is a fusion of futuristic modernist styles, according to the marketing by the BresicWhitney Glebe agents Chris Nunn and Nick Playfair.
They describe the home as a one-off poolside entertainer spanning three levels. 
A top floor master retreat comes with its own roof garden.
Moar paid $1,265,000 in 2009 for the home that is scheduled for June 2 auction with a price guide of $2.5 million.
The garden recently featured on The Living Room on Channel 10.
Sydney had the nation's dearest weekend result. It was a parkside lagoon four bedroom house at Manly (top).
The <a id="x_mcntLPlnk590898" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/sold/property-house-nsw-manly-128275026" target="_blank" rel="noopener noreferrer">53 Eurobin Avenue offering</a> sold to a Singaporean, according to Fairfax Media, for $4.615 million just above its $4.5 million expectations through Clarke and Humel agent Michael Clarke.
Melbourne had the nation's cheapest sale.
The $225,000 sale was a <a id="x_mcntLPlnk235819" class="x_mcntOWAAutoLink" href="https://www.realestateview.com.au/real-estate/20-16-south-circular-road-gladstone-park-vic/property-details-buy-residential-11831239/" target="_blank" rel="noopener noreferrer">one bedroom unit at Gladstone Park</a>. The 20/16 South Circular Road offering (below) last sold in 2016 at $185,000. It had been listed with $190,000 to $209,000 price guidance.
<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/2018/5/28/glad.jpg" alt="">
It was offered on a secure fixed lease until January 2019 at $978 per calendar month. It comes with a covenant stating that its occupier - but not necessarily its owner - must be 55 years of age or older, the marketing agent advised.
<div class="x_mcntcq-article-content-paras x_mcntsection">
The most expensive Melbourne house was Granada, a five bedroom house at St Kilda (below). The <a id="x_mcntLPlnk541754" class="x_mcntOWAAutoLink" href="https://www.realestateview.com.au/real-estate/28-eildon-road-st-kilda-vic/property-details-sold-residential-11835567/" target="_blank" rel="noopener noreferrer">28 Eildon Road</a> property, a 1928 architect designed five bedroom Spanish Mission trophy home, sold through Marshall White for $4 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/2018/5/28/st%20kilda1.jpg" alt="">
The buyers guide was $2.7 million to $2.9 million, with the property announced on the market at $3 million.
It last sold at $885,000 in 1998.
</div>
<div class="x_mcntcq-article-content-media x_mcntsection">Adelaide recorded the highest capital city clearance rate of 66 percent, with only 31 percent of homes sold in Perth.</div>
<div class="x_mcntcq-article-content-media x_mcntsection"> </div>
<div class="x_mcntcq-article-content-media x_mcntsection">Melbourne recorded a preliminary clearance rate of 60 per cent.</div>
<div class="x_mcntcq-article-content-media x_mcntsection"> </div>
<div class="x_mcntcq-article-content-media x_mcntsection">Sydney, with 808 auctions held across the city, returned a 62 per cent preliminary clearance rate.</div>
<div class="x_mcntcq-article-content-media x_mcntsection"> </div>
<div class="x_mcntcq-article-content-media x_mcntsection">Click here <a href="https://www.propertyobserver.com.au/images/2018/5/28/May28_auctions.jpg" target="_blank">to enlarge.</a>
</div>
<div class="x_mcntcq-article-content-media x_mcntsection"> </div>
<div class="x_mcntcq-article-content-media x_mcntsection"><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/2018/5/28/May28_auctions.jpg" alt=""></div>
<div class="x_mcntcq-article-content-media x_mcntsection"> </div>
<div class="x_mcntcq-article-content-media x_mcntsection">CoreLogic auction analyst Kevin Brogan expected final results to be lower after unreported auctions were added to the calculation.</div>
<div class="x_mcntcq-article-content-media x_mcntsection"> </div>
<div class="x_mcntcq-article-content-media x_mcntsection">AMP Capital chief economist Shane Oliver told Domain that finalised clearance rates in the low 50 per cent range had been historically associated with falling prices.</div>
<div class="cq-article-content-media section"> </div>
<table border="0" cellspacing="0" cellpadding="5"><tbody>
<tr id="x_rpMostExpensive_trMostExpensiveRow_0">
<td id="x_rpMostExpensive_tdMostExpensiveCity_0" align="left">Sydney</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_0" colspan="2">53 Eurobin Av, Manly NSW 2095, 4 br House, Clarke &amp; Humel Property Management Pty Ltd</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_0">$4,615,000</td>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_1">
<td id="x_rpMostExpensive_tdMostExpensiveCity_1" align="left">Melbourne</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_1" colspan="2">28 Eildon Rd, St Kilda VIC 3182, 5 br House, Marshall White Bayside</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_1">$4,000,000</td>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_2">
<td id="x_rpMostExpensive_tdMostExpensiveCity_2" align="left">Adelaide</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_2" colspan="2">9 Owen St, Goodwood SA 5034, 3 br House, Klemich Real Estate - RLA174424</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_2">$1,010,000</td>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_3">
<td id="x_rpMostExpensive_tdMostExpensiveCity_3" align="left">Brisbane</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_3" colspan="2">107 Upper Lancaster Rd, Ascot QLD 4007, 4 br House, RW Ascot</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_3">$1,550,000</td>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_4">
<td id="x_rpMostExpensive_tdMostExpensiveCity_4" align="left">Canberra</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_4" colspan="2">9 Warramoo Cr, Narrabundah ACT 2604, 5 br House, Belle Property Kingston</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_4">$1,578,000</td>
</tr>
<tr>
<td colspan="2">
Most affordable
</td>
<td colspan="2"> </td>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_0">
<td id="x_rpMostAffordable_tdMostAffordableCity_0" align="left">Sydney</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_0" colspan="2">20/68 Bayswater Rd, Rushcutters Bay NSW 2011, 0 br Studio, Laing+Simmons Potts Point</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_0">$436,000</td>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_1">
<td id="x_rpMostAffordable_tdMostAffordableCity_1" align="left">Melbourne</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_1" colspan="2">20/16 South Circular Rd, Gladstone Park VIC 3043, 1 br Unit, Barry Plant Gladstone Park</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_1">$225,000</td>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_2">
<td id="x_rpMostAffordable_tdMostAffordableCity_2" align="left">Adelaide</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_2" colspan="2">11 McNamara St, Modbury Heights SA 5092, 3 br House, Weeks &amp; Macklin</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_2">$310,000</td>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_3">
<td id="x_rpMostAffordable_tdMostAffordableCity_3" align="left">Brisbane</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_3" colspan="2">55 Bestman Av, Bongaree QLD 4507, 2 br House, RW Bribie Island</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_3">$490,000</td>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_4">
<td id="x_rpMostAffordable_tdMostAffordableCity_4" align="left">Canberra</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_4" colspan="2">26/126 Thynne St, Bruce ACT 2617, 2 br Unit, LJH Belconnen</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_4">$344,000 
</td>
</tr>
</tbody></table>
SOURCE APM
</body></html>

Autumn auctions sees price fall as clearance rate declines

<html><body>
CoreLogic have looked at where you’ll find a unit with a median value of under $500,000 close to the CBD.
The results highlight that housing options under $500,000 are available much closer to the CBD for units compared with houses. This likely also goes some way to explaining why in Sydney and Melbourne, where house values are falling, the more affordable unit market is holding up better).
While most Australians still aspire to own a house, the cost of well located houses, particularly in the larger capital cities, is restrictive.
As a result an increasing number of buyers are choosing to purchase more affordable units which offer the ability for owners to live in more desirable suburbs at a lower price point than purchasing a house.
<ul>
<li>Sydney</li>
</ul>
Lakemba is the suburb closest to the city centre with a median unit value below $500,000.
Located just over 12km from the city centre, the median value is $435,314. Compared to other capital cities, unit values below $500,000 are typically much further away from the city centre.
<ul>
<li>Melbourne</li>
</ul>
The Melbourne CBD has a median unit value below $500,000 and most of the suburbs surrounding the CBD also offer units which are typically valued below $500,000. Compare this to the detached housing market where the suburb closest to the city with a median below $500,000 was 16km away.
<ul>
<li>Brisbane</li>
</ul>
Most suburbs in Greater Brisbane have a median unit value below $500,000. Even within the CBD and surrounds median unit values generally sit below $500,000 offering a much more affordable alternative, particularly in the inner city to houses.
<ul>
<li>Adelaide</li>
</ul>
Units are much more affordable than houses throughout the city. In fact, throughout the whole city there are only five suburbs in which median unit values are in excess of $500,000.
<ul>
<li>Perth</li>
</ul>
While most of the suburbs surrounding Perth’s CBD have a median unit value below $500,000 there remains many suburbs with a median value of more than $500,000. These suburbs are typically along the coast or along the Swan River in some of the more exclusive enclaves.
<ul>
<li>Hobart </li>
</ul>
With a citywide median unit value well below $500,000 most of the suburbs across Hobart have a median value below $500,000. In fact, across the whole city only 3 suburbs have a median unit value of more than $500,000.
<ul>
<li>Darwin</li>
</ul>
Only one suburb in all of Greater Darwin has a median unit value of more than $500,000. As a result, the supply of relatively affordable unit stock is significant, particularly when compared to houses below $500,000.
<ul>
<li>Canberra</li>
</ul>
While there was only 1 suburb with a median house value below $500,000 there are substantially more suburbs with a median unit value below $500,000. Many of these suburbs are also quite close to the city centre resulting in a cheaper and more viable housing alternative in these areas.
<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/2018/5/25/CORELOGIC%20PLUSE%201.jpg" alt="">
 
<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/2018/5/25/CORELOGIC%20PLUSE%202.jpg" alt="">
Property Observer spotted a Lakemba two bedroom unit in Sydney has been recently sold for $442,000 (pictured below).
Set back from the street on the second level, the <a href="https://www.realestate.com.au/sold/property-unit-nsw-lakemba-128259782" target="_blank">9/94 Sproule St apartment</a> features two bedrooms, open living and dining zone, eat-in kitchen, and lock up garage. 
It is less than 10 minutes walk to Lakemba Station, buses and shops.
<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/2018/5/25/lakemba%20.jpg" alt="">
A Brisbane City two bedroom apartment with city and mountains views currently on the market is priced at over $477,000 (pictured below).
Situated in popular Aurora Towers, <a href="https://www.realestate.com.au/property-apartment-qld-brisbane+city-128310802" target="_blank">the 398/420 Queen Street apartment features two bedrooms, </a>open plan living and dining area and balcony with the views.
Aurora resident facilities include a pool, spa, sauna, gym, cinema, sun deck and BBQ area.
The 86 square metre apartment is close to dining, entertainment and retail options in the CBD, public transport and universities.
<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/2018/5/25/brisbane%20city.jpg" alt="">
</body></html>

Where can you buy a sub-$500,000 unit in our capital cities?

<html><body>
A Doncaster East apartment in the Santorini Complex has been listed by mortgagees with an indicative selling price of $440,000 to $480,000.
The second floor apartment is offered by Danial Reza Ali from Ray White for June 23 auction.
<a href="https://www.realestate.com.au/property-apartment-vic-doncaster+east-128436866%20https://www.realestate.com.au/property-apartment-vic-doncaster+east-128436866" target="_blank">Located at 201/927 Doncaster Road, Doncaster East</a>, the apartment comes with main bedrooms with built-in, a second robed bedroom, living and dining zones connecting to the large alfresco terrace.
Other features include a concealed laundry, video intercom, security entrance and single basement car space plus storage unit. 
It was a $480 a week rental in late 2016 when offered with $560,000 to $600,000 hopes.
Opposite Doncaster Reserve, it is within walking distance from Jackson Court shops and cafes, East Doncaster Secondary College, Doncaster Gardens Primary School, public transport and Tunstall Square. 
The suburb's median unit price sits on $720, 000, according to CoreLogic.
</body></html>

Doncaster East two bedroom apartment listed by mortgagee

<html><body>
A Mount Burr timber-framed cottage has been sold by mortgagees for $35,000.
The south-eastern South Australian home was sold by Kathryn Weddell-Lucas from Blue Lake Real Estate on May 17.
Situated on a 1074 square metre allotment, <a href="https://www.realestate.com.au/property-apartment-vic-doncaster+east-128436866" target="_blank">the </a><a href="https://www.realestate.com.au/property-apartment-vic-doncaster+east-128436866" target="_blank">35 Thomas Drive house</a> comes with two bedrooms plus a sleep out and a storage room, living room with heater, kitchen and single garage.
Located in the township of Mount Burr, it is close to the primary school and general store not quite as far south as Mt Gambier.
It was first listed last June at $55,000.
</body></html>

Mount Burr, SA cottage sold for $35,000 by mortgagee

<html><body>
The Élevé project at Palm Meadows has recently settled all 61 apartments sold in its first stage for more than $15 million.
Élevé which has a second stage in the pipeline was developed by Hungtat Worldwide, associated with Macau casino tycoon Dr Stanley Ho and his wife Angela Leong.
Élevé's 100% settlement rate was achieved within 45 days.
It included all apartments sold to foreign buyers, who represented about 30% of purchasers.
It was an extraordinary result, Knight Frank agent Chris Litfin said, adding he had pinpointed the Gold Coast suburb of Carrara - which took centre stage during the opening and closing ceremonies of the Commonwealth Games - as a likely gold medal performer in property sales and growth over the next two years.
Litfin, who heads the agency's Queensland project marketing division, noted Élevé's rental apartments are achieving typical returns of around 6% and in some cases above 7%, with 254 applications received for the initial 33 apartments available to rent.
Hungtat has previously been behind the Gold Coast's international award-winning The Wave tower in Broadbeach and Sydney's exclusive Kirribilli Grande community.
Market analysts Urbis recently found the Gold Coast's coastal fringe precinct, which is centred around Carrara, was the most active area for apartment sales in the city in the December quarter, recording 77 sales for an average of $537,0.
Litfin says the reason for this activity is growing demand from residents who live in and around Carrara who want to downsize from their family homes to an apartment.
"Carrara has the right type of apartment offering to meet the market both now and into the future, and that's why it is outperforming other areas," he said.
"There are plenty of people who live in the coastal fringe area who don't want to move to a smaller apartment near the beach - they want to stay in their neighbourhood and live in a boutique building with larger apartments on a big, abundantly landscaped site.
"Carrara is known as a 'green belt' suburb, so projects like Élevé, which are surrounded by parklands and  golf courses, appeal strongly to buyers who want a resort-style lifestyle in an area that is still highly accessible. 
"Carrara is just a short drive from the beach and the Robina and Southport CBDs, and new apartments there are geared towards owner occupiers because developers see the appeal of delivering a premium project in the coastal fringe as opposed to lesser liveability near the beach where sites are smaller and more expensive."
 
</body></html>

Latest Buying Insights

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

Editor's Picks

Developments

New apartments

New townhouses

News

Latest Buying Insights

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

Editor's Picks

Receive the latest news stories to your inbox

Developments

New apartments

New townhouses

News