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

Lowe Living launches Jardin House in Camberwell

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

The Walden pairs house-scale living with North Sydney connectivity

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

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

ACT abolishes stamp duty for first home buyers

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

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

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

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

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

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

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

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Set on approximately 860 sqm land, a 1970s north-west Geelong house has been listed by mortgagees with an indicative selling price of $415,000.
It was listed by Brad Archer from Burns Archer Realty.
The Lara auction has been scheduled for June 16.
It sold at $200,000 in 2005.
<a href="https://www.realestate.com.au/property-house-vic-lara-128381554" target="_blank">Located at 19 Ponds Drive</a>, the home comes with three bedrooms, lounge, and kitchen with adjacent meals area. 
It is only a short stroll to the Kevin Hoffman Walk and its surrounding parklands with all other amenities.
The suburb's median house price sits on <a href="https://www.realestate.com.au/property-house-vic-lara-128381554" target="_blank">$445,000</a>, according to CoreLogic. 
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j.ballantyne1990-6AQqhLzZaK

Lara three bedroom house listed by mortgagee

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All of the busiest suburbs for auctions on the weekend were in Victoria. Reservoir topped the list with 19 homes set to go under the hammer, followed by Bentleigh East and Mount Waverley with 14 auctions each.
A Reservoir four bedroom house with hopes for over $1 million (above) sold for $1.26 million.
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<a href="https://www.realestate.com.au/property-house-vic-reservoir-128199090" target="_blank">Located at 29 Queen St</a>, Reservoir, the house with city skyline with comes with four generous bedrooms, formal lounge, kitchen/meals with stainless steel cooker and adjoining living room.
Other features include gas heating and ducted evaporative cooling, wood heater (living room), high ceilings, laundry, and large storeroom/kitchenette.
It is within walking distance to buses, Regent Station and Plenty Road trams, local cafes and parks, and Preston Primary School. 
There was a higher sale at $1,332,000 according to the REIV.
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<tr>
<td>2 Ashton St, RESERVOIR</td>
<td>2</td>
<td><img src="https://reiv.com.au/REIV/propertyimages/prices/19d3ef48.jpg"></td>
<td>House (Res)</td>
<td>Passed in at Auction</td>
<td>19/05/2018</td>
<td>Barry Plant</td>
<td> </td>
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<td>36 Callander St, RESERVOIR</td>
<td>3</td>
<td><img src="https://reiv.com.au/REIV/propertyimages/prices/560a5051.jpg"></td>
<td>House (Res)</td>
<td>Passed in at Auction</td>
<td>19/05/2018</td>
<td>Ray White</td>
<td> </td>
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<td>2/15 Cheddar Rd, RESERVOIR</td>
<td>2</td>
<td><img src="https://reiv.com.au/REIV/propertyimages/prices/259295.jpg"></td>
<td>Unit</td>
<td>Auction Sale</td>
<td>19/05/2018</td>
<td>Ray White</td>
<td> </td>
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<td>30 Dawson St, RESERVOIR</td>
<td>5</td>
<td><img src="https://reiv.com.au/REIV/propertyimages/prices/9f6c6038.jpg"></td>
<td>House (Res)</td>
<td>Auction Sale</td>
<td>19/05/2018</td>
<td>Ray White</td>
<td> </td>
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<td>23 Kia Ora Rd, RESERVOIR</td>
<td>3</td>
<td><img src="https://reiv.com.au/REIV/propertyimages/prices/ab4503cd.jpg"></td>
<td>House (Res)</td>
<td>Auction Sale</td>
<td>19/05/2018</td>
<td>Nelson Alexander</td>
<td> </td>
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<td>21 Lloyd Av, RESERVOIR</td>
<td>3</td>
<td><img src="https://reiv.com.au/REIV/propertyimages/prices/19d3ef48.jpg"></td>
<td>House (Res)</td>
<td>Passed in at Auction</td>
<td>19/05/2018</td>
<td>Nelson Alexander</td>
<td> </td>
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<td>2/6 Mccrae St, RESERVOIR</td>
<td>2</td>
<td><img src="https://reiv.com.au/REIV/propertyimages/prices/953d8ea5.jpg"></td>
<td>Unit</td>
<td>Auction Sale</td>
<td>19/05/2018</td>
<td>Barry Plant</td>
<td> </td>
</tr>
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<td>27 Moira Av, RESERVOIR</td>
<td>4</td>
<td><img src="https://reiv.com.au/REIV/propertyimages/prices/c492629f.jpg"></td>
<td>House (Res)</td>
<td>Passed in Vendor Bid</td>
<td>19/05/2018</td>
<td>Nelson Alexander</td>
<td> </td>
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<td>791 Plenty Rd, RESERVOIR</td>
<td>3</td>
<td><img src="https://reiv.com.au/REIV/propertyimages/prices/ddd9262b.jpg"></td>
<td>House (Res)</td>
<td>Auction Sale</td>
<td>19/05/2018</td>
<td>Love &amp; Co</td>
<td> </td>
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<td>3/90 Purinuan Rd, RESERVOIR</td>
<td>2</td>
<td><img src="https://reiv.com.au/REIV/propertyimages/prices/5e91fe25.jpg"></td>
<td>Unit</td>
<td>Auction Sale</td>
<td>19/05/2018</td>
<td>Ray White</td>
<td> </td>
</tr>
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<td>29 Queen St, RESERVOIR</td>
<td>4</td>
<td><img src="https://reiv.com.au/REIV/propertyimages/prices/9e344320.jpg"></td>
<td>House (Res)</td>
<td>Auction Sale</td>
<td>19/05/2018</td>
<td>Nelson Alexander</td>
<td> </td>
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<td>2/214 Spring St, RESERVOIR</td>
<td>2</td>
<td><img src="https://reiv.com.au/REIV/propertyimages/prices/d6f4f25d.jpg"></td>
<td>Unit</td>
<td>Passed in at Auction</td>
<td>19/05/2018</td>
<td>Stockdale &amp; Leggo Reservoir</td>
<td> </td>
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<td>47 Wattle Gr, RESERVOIR</td>
<td>3</td>
<td><img src="https://reiv.com.au/REIV/propertyimages/prices/ceac3eb8.jpg"></td>
<td>House (Res)</td>
<td>Auction Sale</td>
<td>19/05/2018</td>
<td>LJ Hooker South Morang</td>
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A clearance rate of 64 per cent was recorded on the weekend compared to 63 per cent last weekend and 80 per cent this weekend last year. 
There were 798 auctions reported to the REIV, with 512 selling and 286 being passed in, 153 of those on a vendor bid.
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Reservoir weekend auctions top out at $1,332,000

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There were 669 auctions held in Sydney returning a preliminary auction clearance rate of 60.8 per cent, according to CoreLogic,compared to 57.5 per cent across 787 last week, and 74 per cent across 1,075 auctions one year ago.
Sydney's top sale was $4.86 million in Fairlight. The <a id="LPlnk188840" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-apartment-nsw-fairlight-128147582" target="_blank" rel="noopener noreferrer">58/1 Lauderdale Avenue apartment offering</a> (above) through Stone Real Estate agent Adam Moore was for the first time since construction three decades ago.
The four bedroom, four bathroom penthouse came with 436 sqm space. The price guide for the harbourfont home was $4 million to $4.4 million.
It last sold at $735,000 in 1987.
There were 2,089 homes taken to auction nationally across the combined capital cities, returning a preliminary auction clearance rate of 60.3 per cent.
Click here <a href="https://www.propertyobserver.com.au/images/2018/5/21/capitals_may21.jpg" target="_blank">to enlarge.</a>
<a href="https://www.propertyobserver.com.au/images/2018/5/21/capitals_may21.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/2018/5/21/capitals_may21.jpg" alt=""></a>
Last week, 2,279 auctions were held and the final clearance rate dropped to 58.2 per cent, the lowest clearance rate seen since December 2015.
Over the same week last year, auction volumes were higher with 2,824 homes going under the hammer across the combined capital cities, returning a clearance rate of 73.1 per cent.
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In Melbourne, Australia’s largest auctionmarket, a preliminary auction clearance rate of 64.2 per cent was recorded across 1,028 auctions this weekend, up from 59.8 per cent across 1,099 auctions last week, the lowest clearance rate the city has seen since Easter 2014.
One year ago, the clearance rate was a stronger 77.9 per cent across 1,326 auctions..
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Melbourne's top sale was in Malvern East.
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Kilburn, the five bedroom, four bathroom home on 920 sqm at <a id="LPlnk440955" class="x_OWAAutoLink" href="https://www.realestateview.com.au/real-estate/56-kerferd-street-malvern-east-vic/property-details-buy-residential-11799951/" target="_blank" rel="noopener noreferrer">56 Kerferd Street</a> (below), fetched $6.11 million through Thomson agent John Chartres.
<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/2018/5/21/kilburn.jpg" alt="">
It was marketed as showcasing "a remarkable sense of refined luxury throughout three brilliantly conceived levels."
Its price guidance was $5.5 million to $6.05 million, with it announced on the market at $6.025 million.
There were two bidders.
It last sold in 2003 at $1,375,000.
Melbourne's cheapest sale was a retirement villa at Frankston. The <a id="LPlnk878112" class="x_OWAAutoLink" href="https://www.realestateview.com.au/real-estate/10-4-6-foot-street-frankston-vic/property-details-buy-residential-11805063/" target="_blank" rel="noopener noreferrer">10/4-6 Foot Street offering</a> (below) fetched $288,000. There had been $275,000 to $300,000 price guidance on the late 1990s two bedroom single storey unit. It last sold at $169,000 in 2007.
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Across the smaller auction markets, preliminary results show that Canberra was again the best performing with a 66.2 per cent success rate across 79 auctions.
Its top seller was at Red Hill where $1.58 million was paid for <a id="LPlnk558662" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-house-act-red+hill-128155210" target="_blank" rel="noopener noreferrer">3 Golden Grove</a>, an early 1960s four bedroom, two bathroom brick home. It was offered for the first time in over 50 years.
The nation's cheapest auction result was $273,000 through Ray White for 17 Ashvale Street, Kingston, a three bedroom Brisbane home needing a renovation situated on a flat 607 sqm parcel.
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It last sold at $259,000 in 2016 and at $230,000 in 2013.
Brisbane's top sale was at Paddington. It was an unrenovated 1912 Queenslander on 1000 sqm that sold through Place agent Andrew Degn who the Courier Mail advised had eight buyers register to bid on <a id="LPlnk56250" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-house-qld-paddington-128163226" target="_blank" rel="noopener noreferrer">77 Tooth Avenue, Paddington</a>. It sold for $1.92 million, having been in the family for over 100 years. 
There was also a newly renovated 1930s Queenslander at <a id="LPlnk670208" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-house-qld-bardon-128213294" target="_blank" rel="noopener noreferrer">25 Runic Street</a> that fetched $1.75 million through Degn.
It last traded at $625,000 in 2011.
There was a $2.6 million sale at Hollywell on the Gold Coast when a deceased estate went to auction.
"This property was handpicked from the initial subdivision plans 40 years ago," the marketing for <a id="LPlnk563326" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-house-qld-hollywell-128092498" target="_blank" rel="noopener noreferrer">2 Sapphire Street</a> advised.
It came with 1058 sqm Broadwater frontage.
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jchancellor-FAypfDUnLy

Fairlight penthouse tops Sydney weekend auction results

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Sydney buyers are certainly spoilt for choice, but there are emerging signs the listings surge of the past year is waning.
There are 27,000 properties currently for sale by private treaty across the Sydney market.
That's a lot on offer, indeed around 25% more than last May, according to CoreLogic.
Interestingly the 7,000 fresh listings in the past month sits 10% down on the same time last year.
That suggests the last ditch rush to sell is slowing after Sydney's cooling conditions have grabbed the headlines and ebbed into realistic conversations. 
There ought be an increased realisation among prospective vendors that the chance to cash in at peak prices has likely passed.
Vendor expectations are increasingly not being met, except for premium listings across the suburbs. A-grade stock is still selling well, through private treaty and at or before auction.  
Many of the 27,000 current private treaty offerings will not be sold this time around because their vendor missed the market peak that they hoped to capitalise on.
They might linger on websites and in estate agent windows, but pointlessly if they aren't repriced to sell in the current and emerging market.
These listings will hang around making up the estate agent's expansive inventory as we head into the winter hibernation.
Stale listings are much harder to sell since the keenest knowledgable buyers have typically moved on after their initial marketing. 
These stale listings ideally need to be withdrawn to try another time.
Meanwhile the number of sales has eased according to official NSW Office of State Revenue data. 
In March there were 16,950 property transfers, the quietest for four years as buyers become pickier, taking their time without the fear of missing out.
Last March, which didn't have the Easter interruption until mid-April, had 19,500 transfers. The March stamp duty revenue for the state government was $642 million compared to $701 million.
There were 49,000 sales in the first three months of 2018, compared to 52,000 early last year, with the soon to be advised April tally to help the state government shape its upcoming budget.
If these early readings become a marked trend, there won't be anywhere near as much revenue available for the government to spend.
The discussion about the listings and sales in the market is premised that there is choice for all participants.
Certainly arrears and mortgagee sales are at low levels.
The elephant in the room is bank lending which has increasingly restrained buyer capacity.
Just this week the Reserve Bank of Australia deputy governor Guy Debelle indicated there was a "risk" of even further tightening in lending standards ahead.
"This may have its largest effect on the amount of funds an individual household can borrow, more than the effect on the number of households that are eligible for a loan," he noted while adding that has implications for house prices."
This article first appeared in The Daily Telegraph. 
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Sydney listings look like they're on the wane

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First home buyers are delaying or missing the opportunity to get into the property market by not engaging a guarantor on their home loan, new data shows.  According to Mortgage Choice and CoreData’s Evolving Great Australian Dream 2018 whitepaper, just 4.9% of all first home buyers said they used a guarantor to purchase their property.  However, bucking the trend are home buyers aged 29 years and below, of which 21.8% had someone go guarantor on their mortgage. 
Mortgage Choice CEO Susan Mitchell said the data raises the question that many are divided on.
"Are first home buyers missing an opportunity to get into the property market by not engaging a guarantor?”
Currently, the average first-time buyer needs to put down approximately $100,000 in deposit to secure a property with the median dwelling value of $554,605.  “For many first-time buyers, the biggest hurdle they face is saving a sufficient deposit that amounts to 20% of the purchase price, and this has been made even harder by strong property price growth over recent years,” Ms Mitchell said.  The whitepaper found that 40% of buyers would need some form of assistance to enter the property market, as they had just 15% or less of the required deposit for a property. “The Government’s new plan to allow older Australians to stay in their homes for longer, as part of the ‘More Choice Longer Life Plan’ is likely to hinder the supply of available properties to those looking to buy their first home.," Ms Mitchell said. A variety of factors is making it increasingly difficult for people to achieve the traditional Australian dream, say 86.4% of people asked by Mortgage Choice. “One way first home buyers can get a leg up onto the property ladder is to access intergenerational wealth, created by the boom in the property market, and ask a parent to be a guarantor by offering their own home as extra security,” Ms Mitchell said.  “This strategy lets them get onto the property ladder sooner rather than later, and with a smaller deposit and has the added advantage of avoiding Lenders’ Mortgage Insurance, which can total thousands of dollars for cash-strapped first home buyers.”  The whitepaper research revealed that on a whole, 15.2% of prospective home buyers across Australia would have someone go guarantor on their loan. This figure dropped to 12.6% for females.  On a state by state comparison, Western Australia had the highest proportion of prospective buyers saying that they would have a guarantor on their mortgage, at 16.5%. They were followed by New South Wales at 13.9% and Victoria at 13.3%.  Of those who purchased with a guarantor, 77.2% said their  parents were their guarantor.  Ms Mitchell said it was important for buyers and their prospective guarantor to weigh up the pros and cons before making a decision.  “Having a family member go guarantor on a mortgage is not without risk and as such, no one should jump into the situation until they’ve given it considerable thought,” she said.  “If the first home buyer defaults on their home loan, the guarantor becomes responsible for paying their debt. This can be a significant financial impost for the guarantor as it can affect their ability to cope with their own day to day costs, which in turns compromises their financial wellbeing.  “Their own ability to borrow money will also be reduced after they agree to become a guarantor.  “As a result, it is very important for both the buyer and the guarantor to set clear expectations from the outset and think carefully about their future plans.  “If a buyer has a guarantor on a home loan, it is essential they speak with a qualified mortgage broker and a solicitor to protect both parties. A contract can be drawn up that clearly explains how the loan will be structured and what happens in the event that the borrower defaults on their loan. “It is helpful to note that a guarantor is not tied to the loan for its entire duration. Once a buyer has built up sufficient equity in their property, a guarantor can apply to be released from the loan, though this may incur a fee.  “Lastly, buyers should always look at their other options as a guarantor is not the only way that someone can purchase a property. A buyer can receive a one-off financial gift to help cover part or all of the cost of the deposit, which reduces the risk to a potential guarantor,” concluded Ms Mitchell.  
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jonathanchancellor-7SQnKwU6yx

Only five percent of FHB's using an intergenerational guarantor: Mortgage Choice

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Millennials seeking to get a foot on the property ladder aren't interested in studio apartments, suggests a recent ING survey.
ING surveyed 100 millennials from across the country, and nearly half had their eye on a three or more bedroom home as their target.
Naturally, 50 percent of the people asked said the home they would 'most like' would be a three or more bedroom house, but 42 percent suggested that is the home they are most likely going to buy.
Only three respondents said a studio apartment would be their ideal purchase, as well as the most likely to buy. 
Click here <a href="https://www.propertyobserver.com.au/images/2018/5/17/millenials-studio.jpg" target="_blank">to enlarge.</a>
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Only seven percent want a one bedroom apartment.
The ING Millennial Homeownership Report found that 64 percent of young Australians (aged between 22-37 years old) prefer to plan ahead rather than live life off the cuff.
More than a third (38 percent) are currently saving for a house to buy in the next three years.
Despite their aspirations and good intentions to owning a property, 61 percent of millennials aren’t sure how much they need to save for a home deposit, including 40% of those that are currently saving.
For those that say they think they know how much they need, $76,000 is considered the average deposit amount to purchase their first home.
Melanie Evans, ING Australia’s head of retail banking, says their research shows that millennials are living for today, but are also planning for tomorrow.
“Millennials are often unfairly pictured as only living in the here and now, but they want what generations before them wanted; the security and financial stability that owning a home offers.
“Their homeownership aspirations are also rooted in traditional values like opting for a family home, being near green areas and family."
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Millennial's seeking to buy property not interested in studios: ING

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A new Chapel Street, South Yarra development has been completed, just over two years since construction started.
661 Chapel St is the first Australian project of Malaysian-based developed Gamuda Land and was completed ahead of schedule. Settlements are set to occur in May 2018.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/25/2b369aa3a2ea4c529adf81a8eb014801.jpg" alt="">
Consisting of 116 apartments over 30 floors, the Bird de le Coeur designed development is close Melbourne High School and the Yarra River.
The hotel style development also has a library, BBQ area, 25 metre lap pool, private cinema, dining rooms and board room, as well as a wine cellar.
<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/f746b8e3b3f641898dab56c5caafbd9a.jpg" alt="">
661 Chapel St’s project director Aw Sei Cheh said the development was inspired by town making principles and the location was a major selling point for local and interstate buyers.
“We have had strong sales for this project, and strong inter-state sales too – with 15% of purchasers coming from NSW,” he said.
“Sydney-siders are attracted to Chapel Street’s legendary status as Melbourne’s premier shopping street, the locality to greenery such as the Yarra river and Royal Botanical Gardens, and its proximity to Melbourne CBD and other landmarks such as the MCG.”
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The Urban Developer recently reported that sales for the project are at approximately 70%.
Prices for the apartments start at $546,000 for a one bedroom, and go up to $2.7 million for a three bedroom.
There is an unsold $22 million penthouse shell which will be customised to the purchaser’s brief by celebrity interior designer David Hicks who has undertaken some preliminary (pictured) designs.
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<div>It is a 729 sqm residence over three levels, likely to include three bedrooms, five bathrooms, sauna, steam and shower room, gym and yoga room, cinema, study and wine cellar.</div>
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<div>The 729 sqm space includes 93 sqm of balcony space and 82 sqm of rooftop.</div>
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Chapel Street apartment development completed ahead of schedule

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A Broadmeadows three bedroom house has been sold by mortgagees for $480,000.
It was listed by Andrew Butler and Annabelle Robinson from Brad Teal.
<a href="https://www.realestate.com.au/sold/property-house-vic-broadmeadows-127979194" target="_blank">Located at 6 Wilby Court</a>, the Victorian house comes with three bedrooms, large lounge and good size kitchen/meals.
Other features include a separate laundry, enclosed alfresco room and deep backyard basking in northerly sun.
It is with quick access to schools, Broadmeadows Central Shopping Centre and public transport.
The median house price sits on $550,000, according to CoreLogic.
The property last sold at $35,000 in 1992.
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Broadmeadows three bedroom house sold by mortgagee

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EXPERT OBSERVATION
Brighter news for Brisbane landlords as the vacancy rate declined to 3% from 3.7% a year earlier, according to SQM Research figures. 
Asking rents for Brisbane units increased by +0.4% in the month, too, mainly driven by the upper end of the market (renting good quality property in inner Brisbane still doesn't come cheap, despite the soft market overall). 
Brisbane appears to have a turned a corner as population growth picks up and dwelling commencements now decline sharply. 
The 6mMA figures attempt to capture the latest trends, but do incorporate the Christmas period, when vacancy rates tend to be high. 
<img src="https://2.bp.blogspot.com/-cfT-Ng3Fy1o/WvtKDkHSxbI/AAAAAAAAqCg/3OLsp0ja3s4mgBlgrF-opHfFLrivSJ7zQCLcBGAs/s640/SQM1.jpg" width="640" height="374" data-original-height="809" data-original-width="1379">
Hobart appears to be through the worst for renters with vacancy rates rising slightly to 0.7%.
Adelaide is building plenty of houses, but hasn't experienced the surge in investors seen in the larger cities, and accordingly vacancy rates keep tightening, now down to 1.3%.
Melbourne was also tighter again on strong population growth at 1.3%. 
Sydney's vacancy rates was flat at 2.3% in the month, but plenty higher than a year earlier when it was 1.7%, while Perth continues to turn the corner. 
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Good news for Brisbane landlords as vacancy rate slips: Pete Wargent

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Nationally, current supply pipelines based on what is under construction and being marketed suggests supply will fall by around 20% over 2018 and by around the same amount again in 2019, according to JLL.
JLL’s latest Apartment Market reports for 1Q18 highlights that Australia’s major apartment markets are at very different stages of the cycle, but all markets are dealing with slower investor demand and tighter development lending conditions.
These factors have resulted in a thinning out of supply pipelines in all markets and means inner city apartment supply will fall in 2018 and 2019 from the highs of 2017.
JLL data suggests that around 26,600 new apartments completed in 2017 across inner city areas monitored in Sydney, Melbourne, Brisbane, Perth and Adelaide.
Click here <a href="https://www.propertyobserver.com.au/images/2018/5/16/pipeline.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/2018/5/16/pipeline.jpg" alt="">
Current supply pipelines based on what is under construction and being marketed suggests supply will fall by around 20% over 2018 and by around the same amount again in 2019.
Leigh Warner, JLL’s head of residential research in Australia, says ultimately the shift in development focus is a good thing.
“There is no doubt that with slower investor demand it is now a very challenging environment for developers to meet pre-sales hurdles and progress the very large CBD and near-CBD projects that have typified this cycle," Warner said.
"Many of these projects have already been postponed to later cycles, abandoned, changed to alternative uses, or substantially redesigned to be a more manageable size in the current market.”
Nevertheless, development is not stopping and JLL’s reports highlights that the focus of developers in most markets has shifted from high-density to more medium-density projects, often in suburban infill locations and with high quality finishes to target the owner-occupier market.
“The decline in the inner city supply pipeline will be a much needed breather for most of our major markets and help them absorb the strong level of supply added over the past few years. But at the same time, strong population growth and the need to densify our cities, mean that we do need to keep building apartments or else supply will fall behind demand once more and price pressures will continue to plague our major cities.”
JLL’s 1Q18 reports continue to show large differences in where pricing and fundamentals are across the market. Sydney and Melbourne continue to both record low rental vacancy in spite of recent strong supply levels, but Sydney has shown more evidence of slowing apartment price and rental growth over recent months. 
“Sentiment has clearly softened in the Sydney market and the market appears to be stalling now. However, Melbourne keeps on chugging on and showing remarkable resilience to recent supply levels. There is some moderate pressure on re-sale values in and around the CBD where recent supply has been particularly strong, but overall Melbourne’s strong population growth appears to be still cushioning the market from wider downward pressure.”
The reports also highlight that the Brisbane’s market appears to be stabilising after the worst of the supply wave is over and prices start to flatten out after 12-18 months of decline. Perth prices continue to fall, but there is also increasing evidence that it has passed the worst. This is evident in a recent rise in inner city apartment approvals, particularly for luxury apartments aimed at the owner-occupier market, which shows developers are gaining more confidence to start preparing for the next cycle.
Adelaide and Canberra are slightly less progressed in the current cycle and prices are still growing solidly despite elevated development activity. Momentum has slowed slightly in both markets over recent months, but the short-term outlook remains solid.
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