<a href="https://www.apartments.com.au/developers/mrcb">MRCB International</a> has commenced construction on its latest Gold Coast apartment development, Maris, on the site of the former Sundale Motel in Southport.

The start of construction by <a href="https://www.apartments.com.au/builders/binah-constructions">Binah</a> follows an exceptionally strong sales campaign, with more than 90 per cent of apartments sold since launch. Every purchaser has been local, an&nbsp;indicator of confidence in both the development and Southport's evolution into a thriving CBD.

<a href="https://www.apartments.com.au/new-apartments/maris-southport-20-queen-street-southport-qld-4215">Maris</a> will deliver 192 residences across 20 levels. The project forms part of MRCB's Australian and New Zealand development pipeline now exceeding $1.6 billion in gross development value, alongside a growing portfolio of projects globally.

[smartcode_project:default project_id=134403 project_image_fid=350663]

The company also commenced construction on its $600 million 26 Vista residences in Surfers Paradise last year, following strong sales momentum, with over 70 per cent of residences sold.

Maris has been designed to meet evolving buyer demand, offering architecturally designed layouts suited to long-term liveability. The approach reflects a growing preference for quality and adaptability among Gold Coast buyers.

Positioned next to the Broadwater in the <a href="https://www.apartments.com.au/developments/southport-qld-4215">Southport</a> CBD, Maris sits directly opposite the Broadwater Parklands light rail station and within easy reach of retail, dining and lifestyle precincts, placing residents at the centre of one of the Gold Coast's most connected and rapidly maturing urban centres.

[smartcode_project:default project_id=134403 project_image_fid=372756]

Maris will offer a full suite of resort-style residential amenities, including a pool, gym and sauna, along with a rooftop level featuring decks, lounges and dining and yoga areas that command sweeping views across the Broadwater and out to the ocean.

Binah, a New South Wales headquartered company co-founded by Amen Zoabi and Khalil Hafza in 2008, has expressed its excitement at establishing its first partnership with MRCB.

Binah's Managing Director Khalil Hafza said partnering with MRCB on Maris is a significant moment for Binah.

"MRCB's financial strength and a track record that speaks for itself give this project a solid foundation, and this marks the beginning of what will be a long and successful relationship.

"With the right people, systems and partnerships behind it, Maris is set to become a significant addition to the Gold Coast's premium residential market."

[smartcode_project:default project_id=134403 project_image_fid=350664]

MRCB International CEO Ravi Krishnan said the project's progression to construction reflects both sustained demand and tightening conditions across the apartment sector, as well as MRCB's continued confidence in the Gold Coast market.

"Commencing construction at Maris is a significant step and reflects the depth of demand for quality apartments in well-connected urban locations," said Krishnan.

"Across Southeast Queensland, new apartment supply remains constrained, particularly in established precincts with infrastructure and amenity already in place. Projects like Maris are increasingly critical in meeting that demand, especially on the Gold Coast and in the city's CBD precinct."

[smartcode_project:default project_id=134403 project_image_fid=372761]

Krishnan said Southport's ongoing transformation, supported by infrastructure investment and long-term planning, was underpinning renewed buyer confidence.

"We're seeing a clear shift back towards well-located urban centres where infrastructure, connectivity and amenity are already established," said Mr Krishnan. "Southport is evolving into a more mature CBD environment, and that is being reflected in buyer behaviour."

Construction at Maris is anticipated to be completed in 2029.

[smartcode_project_cta:default project_id=134403]

Joel Robinson

Construction commences on MRCB’s $200m Maris Residences in Southport

Moonee Valley Park’s latest residential release <a href="https://www.apartments.com.au/new-apartments/the-eveline-at-moonee-valley-park-moonee-ponds-100-thomas-street-moonee-ponds-vic-3039">The Eveline</a>, has achieved a new benchmark for off-the-plan apartment sales in the suburb, with the sale of The Alexandra penthouse selling for $5,435,000.

Positioned on the top floor of a 16-level residential building, the three-bedroom, three and-a-half-bathroom penthouse features uninterrupted city skyline views across the future Valley racetrack.&nbsp;

The landmark sale comes as momentum at the precinct continues to build, with the Moonee Valley Racing Club progressing works on its new racetrack ahead of the 2027 Cox Plate. The transformative development will see MVRC reimagine the beloved Valley as a vibrant year-round entertainment and lifestyle destination.

Alongside a world-class racing experience, the historic precinct will be activated with events, hospitality and public green spaces designed to attract broader audiences, while breathing new life into one of Melbourne’s most iconic destinations.&nbsp;

[smartcode_project:default project_id=142519 project_image_fid=372786]

Development partners <a href="https://www.apartments.com.au/developers/hamton">Hamton Property Group</a> and Hostplus have delivered five residential stages over the past four years, the most recent in November 2025 with Trackside House and Stonepine House. The flourishing community is now home to almost 500 families.&nbsp;

The latest residential release, The Eveline, has recorded strong demand since launching publicly last July, securing more than $200 million in sales to date, satisfying its pre sales hurdle for construction to commence.&nbsp;

Hamton Founder and Executive Chairman, Paul Hameister OAM said, the sales&nbsp;team have been overwhelmed by demand for these unique homes in this unique project.

"Buyers continue to be predominantly hyperlocal and attracted by the 40 hectare botanic masterplan in Melbourne’s inner north west," Hameister said.

[smartcode_project:default project_id=142519 project_image_fid=372788]

Hamton’s Sales and Marketing Director Fergus Humphries said the team has achieved more than 70 sales over the past eight weeks, including the penthouse purchase by a local buyer.

"These results reinforce that, even in a challenging market, purchasers continue to be drawn to quality projects that offer more than just a home, they offer a lifestyle.”

Designed by Cera Stribley, the penthouse has been created with entertaining in mind, spanning close to 400 sqm of indoor and outdoor living space, including multiple terraces designed to capture sweeping views across Melbourne’s skyline, the new Valley racecourse and sunset views over Moonee Ponds.

Moonee Valley Park is one of Melbourne’s largest urban renewal projects, transforming the iconic racecourse site into a vibrant mixed-use neighbourhood integrating homes, parklands, retail, racing and community amenities.

[smartcode_project_cta:default project_id=142519]

Moonee Valley Park penthouse sets suburb record as sales surge clears construction benchmark

A company linked to one of Australia's largest privately owned cattle businesses has lodged plans for a new residential tower in <a href="https://www.apartments.com.au/developments/newstead-qld-4006">Newstead</a>, continuing the rapid transformation of one of Brisbane's most sought-after, inner-city precincts.

Bottletree Holdings, an entity associated with Stanbroke Managing Director Brendan Menegazzo, has submitted a development application for a 28-storey mixed-use tower at <a href="https://www.apartments.com.au/new-apartments/9-longland-street-newstead-qld-4006">9 Longland Street</a>, a site that made headlines last year when it changed hands in an off-market transaction that reportedly set a benchmark land rate for the suburb.

The proposal would replace an existing two-storey commercial building on the 1,510 sqm corner site with a Bureau Proberts-designed tower comprising 76 apartments, ground-floor retail, office space and a suite of resident wellness amenities.

<img alt="9 Longland" data-entity-type="file" data-entity-uuid="c710a836-568e-4382-bc91-3c34b8e80a8b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.41.45%E2%80%AFAM.png?VersionId=Vy.mQWBc7GA_a.vIBdxKqRC9XGjWalo2" />

According to planning documents lodged with Brisbane City Council, the development would comprise a mix of 36 two-bedroom apartments, 24 three-bedroom apartments and 16 four-bedroom residences, positioning the project firmly at the premium end of the market. The apartments would sit above a podium containing retail and commercial space, with three levels of communal recreation facilities spread throughout the tower. The proposal also includes 198 car spaces and 95 bicycle spaces.

Bureau Proberts has drawn heavily on Newstead's industrial heritage in developing the architectural response.

"Occupying a prominent corner in the heart of Newstead, the proposal draws from the area's industrial lineage of robust brick warehouses to deliver a distinctly contemporary response," the architects said in the design statement.

"It is conceived as a subtropical sanctuary and elevated private retreat embedded within one of Brisbane's most vibrant lifestyle precincts."

The design seeks to reinterpret the traditional Queensland vernacular through wraparound verandahs, deep shading elements and permeable facades that respond to Brisbane's subtropical climate.

<img alt="9 Longland" data-entity-type="file" data-entity-uuid="25524f59-395c-4825-8fad-9b639822fa8a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.42.09%E2%80%AFAM.png?VersionId=dlWlbpCc_g3Y6yTLGqRVKvGJvO2ubMJ3" />

Planning documents describe the building as embodying the principles of "buildings that breathe", a design approach increasingly favoured in Brisbane's apartment market as developers focus on natural ventilation and outdoor living spaces.

The tower itself would rise above a heavily landscaped podium designed to reference the woolstore architecture that helped define Newstead and neighbouring Teneriffe for generations. At ground level, fine-grain retail tenancies would activate Longland Street, Wyandra Street and the existing Wyatt Street laneway, further extending the pedestrian network that has become a hallmark of the Gasworks precinct.

The application notes that more than 54 per cent of the site would be dedicated to landscaping and deep planting, while approximately 1,750 sqm of communal recreation space would be delivered across multiple levels.

<img alt="Planning" data-entity-type="file" data-entity-uuid="fed3b189-1054-4b68-af5f-b0befc4a66e5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.42.19%E2%80%AFAM.png?VersionId=gqeE3cjsbnLAfeTUKA1HtPZfqDs6S4Xa" />

Bottletree paid $22 million for the 1,510 sqm development site, equating to more than $14,500 per sqm, a reflection of the strong demand for development opportunities in Newstead. The suburb continues to attract both developers and buyers, underpinned by the ongoing evolution of the Gasworks and Teneriffe precincts into some of Brisbane's most sought-after lifestyle destinations.

Brisbane City Council's Sustainable Growth Strategy and Inner City Strategy both identify Newstead as a priority growth precinct capable of accommodating additional housing density due to its proximity to employment hubs, public transport and lifestyle infrastructure.

The proposed tower joins a growing pipeline of high-end apartment developments in the suburb. Fortis recently launched <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a>, a 65-apartment owner-occupier-focused development on Kyabra Street, while Consolidated Properties Group is preparing to launch <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a 227-apartment waterfront project on Skyring Terrace.

Meanwhile, builder-developer BPG is planning its own Newstead project on Maud Street, comprising just over 100 apartments and more than 1,380 sqm of dedicated wellness and resident amenity spaces, further highlighting the shift towards lifestyle-driven apartment developments in Brisbane's inner-city market.

Newstead apartment boom continues with Longland Street tower plans

ALAND has taken the next major step in delivering its vision for Leppington Town Centre, lodging State Significant Development plans for a $549 million residential precinct that would bring more than 1,200 new homes within walking distance of Leppington Station.

The proposal, now on public exhibition, forms the Residential Core Precinct of the broader Leppington Town Centre masterplan and would transform a 4.3-hectare site at <a href="https://www.apartments.com.au/new-apartments/156-166-rickard-road-leppington-nsw-2179">156-166 Rickard Road</a> into a high-density mixed-use neighbourhood comprising nine residential buildings rising between six and 25 storeys.

<img alt="ALAND" data-entity-type="file" data-entity-uuid="fc20982d-a0a9-4989-8fb3-680ca9fdcd10" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.12.44%E2%80%AFAM.png?VersionId=l5EEyS6Dkf_SLDQkwDeyAU2nXkSZP2RW" />

The development has been designed by Rothelowman and is being pursued through a State Significant Development Application alongside a concurrent rezoning request under the NSW Government's Housing Delivery Authority pathway.

If approved, the project would deliver 1,206 dwellings, including 784 build-to-sell apartments, 208 build-to-rent apartments, 189 affordable housing units and a nine-storey serviced apartment building containing 112 rooms. The proposal also includes around 7,400 sqm of non-residential floor space, new public open space, communal recreation areas and a new internal street network.

<img alt="ALAND" data-entity-type="file" data-entity-uuid="c4f80d3b-cb05-4068-8a87-808317807a99" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.12.36%E2%80%AFAM.png?VersionId=KfPqh1JBuxc53IWntEzGHAeBaCLmRmum" />

<h2 data-end="1990" data-section-id="s6350" data-start="1941">A key piece of Leppington's future town centre</h2>

The site sits around 250 metres from Leppington Station, which opened in 2015 as the terminus of the South West Rail Link and has long been earmarked as the catalyst for the suburb's transformation from a rural fringe location into a major strategic centre for Western Sydney.

Leppington has become increasingly important following the announcement of the Western Sydney International Airport and the emergence of Bradfield City Centre, with government planning identifying the precinct as a significant location for future housing and employment growth.

<img alt="ALAND" data-entity-type="file" data-entity-uuid="8ca0f098-affc-48c0-80d3-468ea090a20c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.12.26%E2%80%AFAM.png?VersionId=o3mwgBFT6H9YUllI0JR.JfLsUYQy1CTa" />

According to Rothelowman, the proposal responds directly to Leppington's unique position between its agricultural past and its urban future.

"The site offers an opportunity to weave together multiple layers of history, from its ancient connections to Country along the ridgeline between two waterways and its origins as part of the Cumberland woodland, to its more recent agricultural uses, and its future as a new residential community," the architects said in the design report.

The architects said the project aims to establish a high-density residential typology that combines apartment living with extensive landscaping and public open space.

"The design responds by establishing a high-density typology that combines the convenience and amenity of contemporary apartment living with a renewed native landscape."

<h2 data-end="3541" data-section-id="1ko88s2" data-start="3485">Nine buildings arranged around parks and public space</h2>

The proposal has been designed around a landscape-led framework rather than a traditional podium-and-tower approach.

Across the site, approximately 7,500 sqm of public open space would be delivered through a network of north-south and east-west linear parks, connecting into the wider Leppington Town Centre open space network. A further 8,000 sqm of communal open space would be provided for residents.

<img alt="ALAND" data-entity-type="file" data-entity-uuid="f5113abf-5440-4610-9cdc-60a0d41a407e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.12.55%E2%80%AFAM.png?VersionId=k8zLMj4yZS4hStmGzZJfosjj5iArwIek" />

Rothelowman said the design seeks to maximise landscaping at ground level by concentrating development into compact tower footprints.

"Buildings are carefully lifted and distributed to minimise disturbance to the natural terrain, allowing the ground plane to remain open, permeable, and led by landscape," the design report states.

Rather than creating a continuous podium edge, the design team has focused on allowing landscaping to extend beneath and around the buildings.

"The ground plane is conceived as an extension of the surrounding environment, allowing landscape to flow up to and beneath the built forms."

The architectural language also draws on the area's natural landscape, with Rothelowman describing a material palette influenced by local gum trees, bark textures, creek systems and sandstone tones.

<h2 data-end="4971" data-section-id="s69utu" data-start="4922">Affordable housing and build-to-rent component</h2>

One of the more significant aspects of the proposal is the diversity of housing typologies.

In addition to traditional apartments for sale, the scheme includes a dedicated 25-storey build-to-rent building with 208 apartments and a 22-storey affordable housing building containing 189 homes.

The affordable housing component represents almost 16 per cent of the total dwellings proposed within the Residential Core Precinct.

<img alt="ALAND" data-entity-type="file" data-entity-uuid="f87e6808-e462-44c6-bfa8-a3de1816f2e3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.33.36%E2%80%AFAM.png?VersionId=WTsRKiUAyWw18S5S98yQB5oVuDcnJTxB" />

Community consultation undertaken ahead of the lodgement found support for additional housing in the area, particularly given ongoing affordability challenges across South West Sydney. Survey work conducted with local residents found housing affordability was one of the poorest-rated aspects of living in Leppington, while a majority of respondents were open to additional housing within the local government area.

The site's proximity to Leppington Station was identified as the most positively viewed aspect of the proposal, while public open space and affordable housing provisions also received majority support.

<h2 data-end="6184" data-section-id="1ngkie4" data-start="6140">Part of Leppington's broader expansion</h2>

ALAND will be a significant contributor to the broader vision for Leppington Town Centre, which is expected to accommodate more than 25,000 residents as the precinct evolves over the coming decades.

Located within Sydney's South West Growth Area, the 440-hectare Leppington Town Centre has been identified by the NSW Government as a strategic centre spanning both the Liverpool and Camden local government areas.

In 2023, Liverpool City Council and Camden Council, supported by the NSW Department of Planning and Environment, prepared a draft planning proposal to rezone land and amend development controls across a number of sites within the town centre.

The proposal outlines a new vision for Leppington Town Centre, reducing the amount of land allocated for business park uses while increasing land zoned for commercial development, housing and open space. The changes are designed to optimise land use across the precinct and support the delivery of a more walkable, transit-oriented centre anchored by Leppington Station.

&nbsp;

ALAND plots 1,200-home Leppington masterplan

Brisbane-based developer <a href="https://www.apartments.com.au/developers/trk-property-group">TRK Property Group</a>&nbsp;has enlisted renowned architecture firm Koichi Takada Architects to design its latest new apartment development.

The new 34-storey tower at <a href="https://www.apartments.com.au/new-apartments/57-berwick-street-fortitude-valley-qld-4006">57 Berwick Street, Fortitude Valley</a>,&nbsp;will have 189 apartments, complete with interiors by <a href="https://www.apartments.com.au/architects/byculprit">byCULPRIT</a>. The upper levels&nbsp;capturing views across the Story Bridge, city skyline, ranges, bay and river.

Residents will have access to a rooftop amenity floor with facilities including a pool, spa, sauna, hot and cold treatment, meditation garden, gym, yoga studio, private dining, BBQ, games lounge, wine display wall, work library, meeting rooms and outdoor work areas.

<a href="https://www.apartments.com.au/developers/trk-property-group">TRK</a> Founder and Managing Director, Arpan Kohli, said it will be a project "Brisbane hasn't seen before."

&nbsp;

"To deliver a project of this calibre, you need the right people involved," Kohli said.

"Koichi Takada Architects and byCULPRIT set the benchmarks for design excellence, and this project reflects that - a building of genuine architectural significance in one of Brisbane's most coveted locations, sitting between Howard Smith Wharves and the James Street precinct."

TRK recently launched <a href="https://www.apartments.com.au/new-townhouses/laya-residences-taigum-203-beams-road-taigum-qld-4018">LAYA Residences in Taigum</a>, 88 three-bedroom townhouses starting from $1,495,000. They have another apartment site in Indooroopilly, at <a href="https://www.apartments.com.au/new-apartments/140-central-avenue-indooroopilly-qld-4068">140 Central Avenue</a>. That will have 131 apartments.&nbsp;

&nbsp;

TRK proposes Koichi Takada-designed apartment development in Fortitude Valley

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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Heritage Victoria has approved further developments to the former Richmond Maltings site mixed-use development in Cremorne, Victoria.
Caydon Property Group has proposed a two-stage residential and commercial development for Caydon’s Malt District.
The new plans include the restored and working Nylex clock above the extruded concrete silos.
The Victorian Civil and Administrative Tribunal (VCAT) approved stage one of the development proposal last year.
A major feature of the revised plans is the retention of a majority of the concrete silos under the Nylex clock that were previously earmarked for demolition.
<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/2017/03/31/Cremorne_Rooftop_City_Final.jpg" alt="">
Jarrod Stratton, Caydon chief operations officer said the determination is significant because having agreement with Heritage Victoria on the heritage aspects of this important urban renewal site means we can confidently move forward on a project that has already captured significant public interest.
“We’ve listened to Heritage Victoria’s concerns about the original plans, and through constructive dialogue and collaboration have a consensus that includes further heritage retention, whilst still delivering our vision for the Malt District and a viable urban renewal project," he said.
"We will continue to consult and work closely with Heritage Victoria and other government officials on the remaining aspects of our plans, and appreciate their ongoing collaboration regarding this state-significant project.
"Retaining and restoring the significant heritage fabric of this site has always been a priority for Caydon, as has been returning the famous Nylex clock to working order for Melburnians to once again enjoy.
"We are now an important step closer to the Nylex clock being re-lit as a focal point of a great new destination for people to live, work and enjoy.”
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j.ballantyne1990-6AQqhLzZaK

Heritage Victoria determination given to Caydon's Malt District redevelopment

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The mystery $22.4 million buyer of Mosman’s second most expensive house has been revealed as Bryan Rose, the son of property developer Bob and Margaret Rose.
His purchase, tipped by Fairfax Media, marks a triumphant return to Mosman for Rose, who grew up in the Balmoral Beach trophy home Seacliff.
The waterfront property was sold by Ying Li, from China, who had bought it in 2012 for $20 million.
The Bay Street estate was previously owned by retired car dealer Laurie Sutton and the late TV presenter Bob Dyer. 
It was sold through Mark Manners, of Simeon Manners.
Settlement is expected to confirm the sale price, but it is understood to have topped an underbid of $22.3 million.
Rose owns at Vaucluse where he bought almost a decade ago for $4.62 million.
Rose’s new Beauty Point estate was the home of retired car dealer Laurie Sutton for 35 years after it was sold in 1977 for $376,960 by the late television presenter and quiz show host Bob Dyer and his wife Dolly.
Rose Group was founded by veteran property developer Bob Rose in 1976, and his son Bryan is joint managing director with his brother Stuart.
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Pick a Box Mosman home sold to property developer Bryan Rose

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The television tradie James Bawden and his wife, interior designer Kimberley-Jade sold their single-fronted 1890s St Kilda East cottage ahead of its weekend auction.
No price reveal but Sotheby’s agent Sarah Case was seeking <a href="https://www.realestate.com.au/sold/property-house-vic-st+kilda+east-124955250" target="_blank">around $1.45 million</a> (below).
<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/2017/04/10/700_terrace1.jpg" alt="">
Bawden, who started his television career with Channel Nine’s Domestic Bliss then onto Network Ten’s The Home Team DIY show, bought it with Kimberley-Jade, who runs runs the Kim INC design studio, for $610,000 in 2014 which was followed by their renovation and extension.
It was one of the 166 Melbourne auction offerings snapped up ahead of schedule, according to the REIV. 
Melbourne's 81 percent success rate just sits behind Sydney's 81.5 percent with neither city unduly concerned by rising regulatory concerns about a housing bubble.
In Melbourne's outer west, Ardeer, it was a Sydney investor who snapped up a $731,000 <a href="https://www.realestate.com.au/property-house-vic-ardeer-124984098" target="_blank">three-bedroom brick veneer house</a> (below).
<img src="https://www.urban.com.au/images/2017/04/10/Screen%20Shot%202017-04-10%20at%209.12.02%20AM.png" alt="">
In South Yarra an expat living in Dubai spent $1,214,000 on a Moore Street single-fronted <a href="https://www.realestate.com.au/property-house-vic-south+yarra-124954986" target="_blank">two bedroom cottage semi</a> (below), The Herald Sun reported.
<img src="https://www.urban.com.au/images/2017/04/10/Screen%20Shot%202017-04-10%20at%209.13.56%20AM.png" alt="">
In South Melbourne, a charming ugly duckling left vacant for 40 years, sold through Greg Hocking Holdsworth to a couple for $2,635,000 who will be convert the former corner milk bar and adjoining classic terrace <a href="https://www.realestate.com.au/property/440-park-st-south-melbourne-vic-3205" target="_blank">into one family home</a> (lead image).
The effervescent national clearance rate tally came after the busiest week for auctions so far this year, as vendors sought to get in before the Easter break.
Auctions returned a 77.6 percent national tally, according to CoreLogic’s latest report with 3,424 homes put to auction.
In Melbourne, the number of homes taken to auction rose to 1,458, up from last week’s 1,143, with the clearance rate hitting 81 per cent, up from 79.6 per cent over the previous weekend.
Across Sydney the preliminary clearance rate was up at 81.5 per cent after Sydney's biggest ever auction day saw 1140 homes go under the hammer.
CoreLogic’s auction analyst Kevin Brogan said described it as "a robust performance."
<div class="wp-caption">The dearest reported sale was at Drummoyne where a four-bedroom art deco home on Sydney Harbour sold for $7.2 million. </div>
<div class="wp-caption"> </div>
<div class="wp-caption">The auctioneer Damien Cooley had called the property onto the market at $6.8 million.</div>
<div> </div>
<div id="sticky_holder_news">“There’s a shortage of waterfronts in Drummoyne,” Cobden and Hayson agent Frank Colacicco told The Sunday Telegraph.</div>
<div> </div>
<div>Melbourne's highest result was when a <a href="https://www.realestate.com.au/property-house-vic-middle+park-124983402" target="_blank">Middle Park duplex fetched $6,985,000</a> (below), according to the REIV.</div>
<div> </div>
<div><img src="https://www.urban.com.au/images/2017/04/10/Screen%20Shot%202017-04-10%20at%209.17.39%20AM.png" alt=""></div>
<div> </div>
<div>There were 17 rooms in Veronique, the Page Street offering, which sold through Cayzer Real Estate.  </div>
<div> </div>
<div>An 1880s Brighton house, Marama was passed in on a <a href="https://www.realestate.com.au/property-house-vic-brighton-125013006" target="_blank">vendor bid of $5.8 million</a> in front of a big crowd (below). The Age advised the iconic Victorian mansion did not receive a single bid, although the vendors had lowered their reserve to $6.4 million from initial $7 million hopes. </div>
<div> </div>
<div><img src="https://www.urban.com.au/images/2017/04/10/Screen%20Shot%202017-04-10%20at%209.18.45%20AM.png" alt=""></div>
<div> </div>
Canberra’s preliminary auction clearance rate of 69.8 percent was higher than last week when the final auction clearance rate was 60.8 percent and higher than the 52 percent recorded last year.
A suburb record was secured in Florey where <a href="https://www.realestate.com.au/sold/property-house-act-florey-124977586" target="_blank">3 Edman Close</a> (below) sold under the hammer for $960,000 through Peter Blackshaw Gungahlin, topping the previous $840,000 record set in February.
<img src="https://www.urban.com.au/images/2017/04/10/Screen%20Shot%202017-04-10%20at%209.23.17%20AM.png" alt="">
It had five bedrooms, study and theatre room amid its 220 sqm internal living space.
CoreLogic advised there were 182 Brisbane properties taken to auction with a clearance rate of 54.6 percent.
Adelaide saw a preliminary clearance rate of 67.4 percent across a total of 170 scheduled auctions.
Perth’s clearance rate of 22.7 percent across 53 auctions was down from the previous week.
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South Melbourne ugly ducking sold

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The busiest week for auctions so far this year returns a preliminary clearance rate of 77.6 percent, according to CoreLogic’s latest report.
The property data firm says that auction activity ramped up across the combined capital cities this week in the lead up to Easter, with 3,424 homes taken to auction this week, recording the highest volume of auctions year-to-date.
<a href="https://www.propertyobserver.com.au/images/2017/04/09/Screen%20Shot%202017-04-09%20at%2010.55.55%20am.jpg" target="_blank">Click 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/2017/04/09/Screen%20Shot%202017-04-09%20at%2010.55.55%20am.jpg" alt="">
The preliminary clearance rate remains strong despite the increase in volumes over the week, with 77.6 percent of auctions reporting as successful.
This week’s results are higher than both last week’s 75.9 percent across 2,657 auctions and the same time last year when 67.1 percent of the 1,831 auctions were cleared.
<a href="https://www.propertyobserver.com.au/images/2017/04/09/Screen%20Shot%202017-04-09%20at%2010.56.01%20am.jpg" target="_blank">Click 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/2017/04/09/Screen%20Shot%202017-04-09%20at%2010.56.01%20am.jpg" alt="">
However, if we compare to the pre-Easter weekend in March last year, volume’s reached their highest level for 2016, with 3,540 auctions held.
In Melbourne this week, the number of homes taken to auction rose to 1,458, from last week’s 1,143, with the clearance rate for the city also increasing over the week (81.0 percent), up from 79.6 percent over the previous week.
This is significantly higher than the corresponding week last year when 803 auctions were reported with a clearance rate of 73.2 percent.
<a href="https://www.propertyobserver.com.au/images/2017/04/09/Screen%20Shot%202017-04-09%20at%2010.57.20%20am.jpg" target="_blank">Click 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/2017/04/09/Screen%20Shot%202017-04-09%20at%2010.57.20%20am.jpg" alt="">
Across Melbourne’s sub-regions, the Mornington Peninsula region recorded the highest clearance rate of all the regions, with 87.0 percent of the 66 auctions successful, followed by the North West region, where an 86.1 percent clearance rate was recorded across 107 auctions.
Across Sydney, there were a higher volume of auctions this week, with 1,392 held, up from 1,104 over the previous week.
The preliminary clearance rate for the city saw an increase over week, up to 81.5 percent from 78.0 percent last week.
<a href="https://www.propertyobserver.com.au/images/2017/04/09/Screen%20Shot%202017-04-09%20at%2010.57.27%20am.jpg" target="_blank">Click 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/2017/04/09/Screen%20Shot%202017-04-09%20at%2010.57.27%20am.jpg" alt="">
When compared to the same time last year, both the clearance rate and number of auctions held were significantly lower, when 67.1 percent of the 678 auctions were successful.
The Outer West and Blue Mountains region recorded the strongest clearance rate of all the Sydney sub-regions, with an 90.0 percent rate of clearance across 13 auctions, while the North Sydney and Hornsby region recorded the highest volume of auctions (221).
There were 182 Brisbane properties taken to auction this week, with a preliminary clearance rate of 54.6 percent.
This is up from 52.4 percent last week and also higher than the same period last year, when 47.7 percent of the 160 properties taken to auction were successful.
<a href="https://www.propertyobserver.com.au/images/2017/04/09/Screen%20Shot%202017-04-09%20at%2010.57.35%20am.jpg" target="_blank">Click 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/2017/04/09/Screen%20Shot%202017-04-09%20at%2010.57.35%20am.jpg" alt="">
Across the Gold Coast 29 results have been reported so far, with a clearance rate of 37.9 percent.
This week, Adelaide saw a preliminary clearance rate of 67.4 percent across a total of 170 scheduled auctions.
<a href="https://www.propertyobserver.com.au/images/2017/04/09/Screen%20Shot%202017-04-09%20at%2010.57.42%20am.jpg" target="_blank">Click 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/2017/04/09/Screen%20Shot%202017-04-09%20at%2010.57.42%20am.jpg" alt="">
This is lower than the previous week, when Adelaide’s clearance rate was 76.3 percent and higher than the 63.6 percent recorded one year ago.
Perth’s clearance rate of 22.7 percent across 53 auctions is down from the previous week, when 43 auctions were held and a clearance rate of 38.7 percent was recorded.
Over the same week last year, the clearance rate was also higher, when 33.3 percent of the 36 auctions were successful.
Canberra’s preliminary auction clearance rate of 69.8 percent this week is higher than last week, when the final auction clearance rate was 60.8 percent and higher than the 52.2 percent recorded last year.
In Tasmania this week, there were a total of 21 auctions held, with 15 results so far.
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Preliminary auction clearance rate at 77 percent in lead up to Easter: CoreLogic

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Sydney's biggest ever auction day saw 1140 homes go under the hammer and with 677 of the results in by Saturday evening, CoreLogic put the clearance rate as nudging 80 percent.
At 79.47 percent - and "all of that extra supply", CoreLogic’s auction analyst Kevin Brogan described it as "a robust performance,”.
The dearest at Drummoyne, saw a four-bedroom art deco home on the waterfront sold for $7.2 million. 
The auctioneer Damien Cooley called the property onto the market at $6.8 million.
“There’s a shortage of waterfronts in Drummoyne,” Cobden and Hayson agent Frank Colacicco told The Sunday Telegraph.
A freestanding ocean-view Federation house in Sydney's Bronte has been sold for $5.33 million, making it Sydney’s second most expensive auction weekend sale.
Located at <a href="https://www.realestate.com.au/sold/property-house-nsw-bronte-124949282">12 Cross Street</a>, it overlooks Tamarama and is centrally located to both Bronte and Tamarama beaches.
It has a double frontage of 450 sqm with an elegant entry hall and ornate ceilings
It features a huge living room with original floorboards along with spacious dining and casual living.
Double doors leads to the raw timber deck along with retractable awning and landscaped gardens.
Kitchen features Caesarstone along withg Bosch dishwasher and Ilve gas cooker.
Upstairs is the retreat featuring an ensuite.
There is also an Italian glass mosaic-tiled family bathroom.
Huge scope to extend upper level and there are also off-street parking for two cars.
The property was offered through Phillips Pantzer Donnelley agents Alexander Phillips and Gavin Lewis.
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Harbourfront Drummoyne and ocean-view Bronte top Sydney's super Saturday sales

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A record number of auctions will be held in Sydney this weekend with pre-Easter Super Saturday showing over 1150 homes likely to be auctioned.
Domain's Andrew Wilson said Sydney sellers are rushing the market in unprecedented numbers keen to take advantage of the current strong autumn conditions.
"Over 1150 homes are likely to go under the hammer on Saturday which will be well ahead of last weekend’s 800 auctions and significantly higher than the 523 conducted over the same weekend last year," he said.
"The previous record auction day in Saturday in Sydney was the pre-Easter Super Saturday in 2015 when 1128 homes were listed.
"Although the Easter holiday is a month later compared to last year, auctions listings have continued to rise over autumn. Sydney weekend auctions are 27.7 per cent higher or 1927 more so far this year compared to the same period last year.
"The inner west will host the most number of auctions on Saturday with 163 followed by the upper north shore 161, the south 159, the city and east 134, the lower north 106, the northern beaches 94, the west 87, Canterbury Bankstown and the south west each 71, the north west 47, the central coast 31 and the Blue Mountains with 1 auction listed
"The most popular suburbs for auctions this weekend in Sydney is Mosman with 16 followed by Eastwood and Leichhardt each with 14 , Newtown 13,  Ryde and Miranda each with 12 and a number of suburbs with 11 auctions listed on Saturday including Blacktown, St Ives and Chatswood.
"The usual pre-Easter rise in Melbourne auction activity this weekend will provide the strong local market with more opportunities for enthusiastic buyers.
"Over 1200 homes are scheduled to go under the hammer on Saturday which will be well ahead of the 947 auctioned last weekend and significantly higher than the 482 listed over the same weekend last year.
"Pre-Easter numbers however are well down this year with the holiday falling a month later compared to last year and with school holidays already under way.
"Despite lower pre-Easter offerings, weekend auction listings in Melbourne are 27.7 percent higher or 1927 more so far this year compared to the same period last year.
"Melbourne’s western suburbs is again top of list for auction numbers this weekend in Melbourne  with 238 followed by the outer east 185, the north east 174, the inner city 154, the inner south 129, the inner east 111, the north 101 and the south east 100.
"The most popular suburb for auctions in Melbourne this weekend is Glen Waverley with 20 followed by Craigieburn and Preston each with 17, Mount Waverley with 16 and a number of suburbs with 15 auctions scheduled including Reservoir, St Kilda, Doncaster East and Mill Park." 
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jonathanchancellor-7SQnKwU6yx

Pre-Easter listings rise in Sydney, Melbourne ahead of weekend: Andrew Wilson

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CoreLogic expects a significant increase in auctions for this weekend across all capital cities except Brisbane.
Some 3,275 auctions are scheduled to take place nationwide, up from last week’s 2,657.
Cameron Kusher from CoreLogic said the ramp up in auction activity this week is consistent to what we have seen in previous years where volumes increase in the lead up to Easter.
"Over the corresponding week last year, volumes were significantly lower (1,831) as Easter weekend was in March last year," he said.
 "Victoria has the busiest suburbs for auctions across the nation this week with 23 residential homes set to go under the hammer in Glen Waverley, followed by 18 each in Craigieburn, Preston and St Albans."
<a href="https://www.propertyobserver.com.au/images/2017/04/6/Screen%20Shot%202017-04-07%20at%2010.29.25%20AM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/04/6/Screen%20Shot%202017-04-07%20at%2010.29.25%20AM.png" alt="">
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Auction volume increase nationwide ahead of Easter holiday

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A new $400 million 47 level mixed-use development on Parramatta’s waterfront, to be known as The Lennox, has been announced.
Located at 12 Phillip Street, Parramatta, on a 6,300 square metre riverfront site at the junction of Lennox Bridge and Church Street, it is being developed via a Project Delivery Agreement in conjunction with City of Parramatta and PCC DevCo1 Pty Ltd (a company initially established by LIDIS Group), with development management by EQ Projects.
The Lennox will comprise 441 residences across 40 levels, as well as approximately 5,500 square metres of retail and mixed use space and eight levels of basement parking.
There are 25 different apartment types, consisting of a range of studio, one, two, three and four bedroom residences that will vary in size from 40 to 206 square metres.
Prices range from $495,000 to more than $3.5 million for the ‘Skyvillas’.
The two four-bedroom Skyvillas are customisable homes located on level 47 encircled by a 20 to 30 square metre indoor-outdoor terrace.
Kitchens feature stone benchtops, a butler’s pantry and premium Gaggenau appliances and the bathrooms feature natural stone and unique tile patterns.
<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/2017/04/6/The%20Lennox_4B%20Skyvilla_View%20to%20the%20North%20West.jpg" alt="">
The 1,200 square metre residents-only space on level three features a 20 metre indoor pool with indoor-outdoor terrace and incredible riverfront views, a gym opening out onto a Zen garden with separate wellbeing space, barbeques and a sculptural garden, and entertainment spaces for residents.
The Lennox team collaborated with Marchese Partners on the interior architectural design and Lorena Gaxiola on the interiors.
Andrew Young, director of EQ Projects, said that Parramatta is fast becoming Sydney’s second CBD and stands to benefit from population growth in Western Sydney.
“Councils, government and community groups are working together to rejuvenate Parramatta River to an urban hub and we’re excited to be part of this with the creation of a 120 metre boardwalk which will activate the riverfront and connect the east and west access points under the south side of Lennox Bridge,” he said.
“For The Lennox, we’re expecting a mix of owner-occupiers and investors who understand the value proposition of buying a premium apartment in a booming area.
“The incredible location, amenities and access to great schools will appeal to owner-occupiers, while investors will be attracted to the high rental yield, secure investment and the planned infrastructure which will make it easy for future tenants to travel to work and university in the area.”
Ged Rockliff, head of residential at Savills Australia, says that Parramatta is an attractive location for investors and owner-occupiers.
“Property values in Parramatta have experienced strong growth over the past decade, with apartment prices increasing by 118%, but it remains a more affordable option when compared to central Sydney,” he said.
“The proportion of private renters in Parramatta is significantly higher than average, resulting in average yields of 4.1% for apartments.”
Construction of The Lennox has commenced and is due for completion in early 2021.
The Lennox display suite is located 333 Church Street, Parramatta.
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New $400 million The Lennox development coming to Parramatta riverfront

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Seven banking, insurance and investment products have been received a 2017 Innovation Excellence Award from CANSTAR.
Some 52 submissions were entered, with the winners awarded based on the degree of innovation and potential impact on the market their product has.
Mitchell Watson, CANSTAR group manager, research and ratings said this year entrants have exceeded expectations for the achievements that will make consumers’ lives better.
"From convenient digital wallets and new mobile banking apps and functions, to innovative insurance options and a fintech investment solution, winning submissions this year are focused on meeting a gap in the market or providing better value for money solution," he said.
“It’s great to recognise our first fintech solution into the Innovation Excellence Awards category. Given the growing appetite for finance services tech innovation, it will be interesting to see how many more fintech solutions are in the ranks next year
CANSTAR 2017 Innovation Excellence Award Winners
The seven winners are BRICKX, Macquarie Bank Online Banking, MLC Pre-Claim Early Engagement Service, NAB Pay Digital Wallet, Rural Bank Farm Management Deposit Offset Account, Suncorp Cyclone Resilience Benefit and Westpac Quick Transfer.
BRICKX is a fractional property investment platform that enables Australians to invest in residential real estate for a small portion of the cost of buying a whole house or investment property.
BRICKX buys the properties upfront, each property is put into a standalone fixed trust, and the properties are rented out. Investors buy ‘Bricks’ in the unit trust that owns the property they are interested in. Each Brick gives the investor a beneficial interest in the rental income and possible capital gains from that property. In March the property portfolio was valued at $8.68 million.
BRICKX launched fractional property investment as a retail product through the ASIC Innovation Hub scheme.  Although other fractional ownership schemes or managed funds exist, BRICKX provides a lower point of entry for investing in Australian residential real estate, compared to other investment options in the market, with investments starting at less than $100.  
BRICKX has succeeded in becoming popular with Australian investors, with 2,150 investors using the platform in the four months since launching in September 2016. 
For more information, <a href="https://www.canstar.com.au/star-rating-reports/innovation-awards." target="_blank">click here</a>.
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BRICKX announced CANSTAR 2017 innovation award winner

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Changes to first home buyer grants and stamp duty concession as are set to go ahead in many states from 1 July, 2107.
In Victoria, stamp duty on any new or established property purchased up to $600,000 will be waived.
Regional Victoria will see the First Home Buyer Grant double for new homes sold up to the value of $750,000.
Concessions for stamp duty will be applied on a sliding scale for homes valued from between $600,000 and $750,000.
More information:
<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/2017/04/6/album_photos_medium_28.jpg" alt="">
<a href="https://www.sro.vic.gov.au/first-home-owner">Victorian State Revenue Office</a>
New South Wales
First-time buyers of new homes in NSW have a full exemption from stamp duty up to $550,000 and concessions for new homes valued between $550,000 and $650,000.
From 1 January 2016, the NSW grant is now a $10,000 First Home Owner Grant for new homes purchased for up to $750,000.
More information:
<a href="https://www.osr.nsw.gov.au/grants/fhog" 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/2017/04/6/nsw.jpg" alt=""></a>
<a href="https://www.osr.nsw.gov.au/grants/fhog" target="_blank">NSW Office of State Revenue</a>
Queensland
QLD's $20,000 First Home Buyers Grant is a one off payment available until midnight on 30 June 2017 for people building or buying a new home in QLD. 
In July the grant reverts back to $15,000.
Stamp duty concessions are also available for first-time buyers; full exemption up to $500,000 and a sliding scale from between $500,000 and $549,000.
More information: 
<a href="https://firsthomeowners.initiatives.qld.gov.au/" target="_blank"><img src="https://www.urban.com.au/images/2017/04/6/qld.png" alt=""></a>
<a href="https://firsthomeowners.initiatives.qld.gov.au/" target="_blank">Queensland State Revenue Office</a>
Western Australia
A temporary $5,000 boost to the FHOG is available for eligible first home buyers who enter into a contract between 1 January and 31 December 2017 to purchase or construct a new home. 
Owner builders who commence laying foundations of their home between those dates, will receive a boost of $5,000 in addition to the $10,000 FHOG. .
First home owners may qualify for the grant and/or the first home owner rate of duty if they are either purchasing an established home or if they are building or purchasing a new home.
Western Australia also offers stamp duty concessions for first-time buyers on all properties; full exemption up to $430,000 and a sliding scale from between $431,000 and $530,000.
More information: 
<a href="https://www.finance.wa.gov.au/cms/State_Revenue/FHOG/First_Home_Owner_Grant.aspx" 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/2017/04/6/govOfWATextColour_283x268.jpg" alt=""></a>
<a href="https://www.finance.wa.gov.au/cms/State_Revenue/FHOG/First_Home_Owner_Grant.aspx" target="_blank">West Australian Government – Department of Finance</a>
SOUTH AUSTRALIA
Full stamp duty concessions are available on transfer of a new apartment or substantially refurbished apartment for a contract entered into from 31 May 2012 to 30 June 2014 (capped at stamp duty payable on a $500 000 apartment) and a partial concession from 1 July 2014 to 30 June 2017.
For contracts entered into between 20 June 2016 and 30 June 2017 (inclusive), the concession applies to purchases of off-the-plan apartments located anywhere in South Australia.
South Australia also offers stamp duty concessions for the purchase of off-the-plan apartments in specified areas.
More information: 
 
<a href="https://www.revenuesa.sa.gov.au/grants-and-concessions/first-home-owners" target="_blank"><img src="https://www.urban.com.au/images/2017/04/6/sa.png" alt=""></a>
<a href="https://www.revenuesa.sa.gov.au/grants-and-concessions/first-home-owners" target="_blank" style="font-size: 12.16px;"></a>
<a href="https://www.revenuesa.sa.gov.au/grants-and-concessions/first-home-owners" target="_blank">Revenue SA</a>
Tasmania
The First Home Owner Grant is a one-off payment for eligible first home buyers/builders. From 1 January 2016, the FHOG payment is set at $20,000 for eligible purchasers of new homes, homes off the plan and owner/builder homes. The payment drops to $10,000 for transactions entered into after 1 July 2017. 
More information: 
<a href="https://www.sro.tas.gov.au/domino/dtf/SROWebsite.nsf/v-all/Overview%20-%20First%20Home%20Buyers?OpenDocument&amp;menuitem=FHOG" target="_blank"><img src="https://www.urban.com.au/images/2017/04/6/tas-1.png" alt=""></a>
<a href="https://www.sro.tas.gov.au/domino/dtf/SROWebsite.nsf/v-all/Overview%20-%20First%20Home%20Buyers?OpenDocument&amp;menuitem=FHOG" target="_blank">Tasmanian State Revenue Office</a>
Northern Territory
The Territory Revenue Office can confirm that there are no plans to change or abolish the $26 000 first home owner grant currently available on the purchase or construction of a new home.
More information:
<a href="https://www.treasury.nt.gov.au/TaxesRoyaltiesAndGrants/Pages/default.aspx" 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/2017/04/6/nt1.jpg" alt=""></a>
<a href="https://www.treasury.nt.gov.au/TaxesRoyaltiesAndGrants/Pages/default.aspx" target="_blank">Northern Territory State Government</a>
ACT
The First Home Owner Grant will reduce to $7,000 on 1 January 2017.
The ACT also offers stamp duty concessions for first-time buyers buying new homes; full concession up to $455,000 and a sliding scale to $585,000. Gross income thresholds apply in the ACT.
A first home owner grant cap applies to eligible transactions.  The cap limits the total value of eligible properties (i.e. total value of home and land) to $750,000 or less.
More information: 
<a href="https://www.revenue.act.gov.au/home-buyer-assistance/first-home-owner-grant" target="_blank"><img src="https://www.urban.com.au/images/2017/04/6/ACT%20Logo.gif" alt=""></a>
 
<a href="https://www.revenue.act.gov.au/home-buyer-assistance/first-home-owner-grant" target="_blank">ACT Revenue Office</a>
 
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