Sydney developer&nbsp;<a href="https://www.apartments.com.au/developers/central-element">Central Element</a>&nbsp;is doubling down in Drummoyne, lodging plans for a boutique apartment development on St Georges Crescent, only one-kilometre down the road from its first Drummoyne development, Bianca.

The new project at 15A-21 St Georges Crescent,&nbsp;a&nbsp;1,701sqm north-facing site overlooking Iron Cove, will have 45 apartmnts across 10 levels. Eight of the units will be dedicated to affordable housing.

The site sits within walking distance of Drummoyne Village, Birkenhead Point, ferry services and the Bay Run, and offers harbour views towards the Sydney Harbour Bridge and CBD skyline.

Designed by MHN Design Union, the development will deliver a mix of one, two and three-bedroom apartments, alongside resident amenity including a gym, landscaped communal open space and three levels of basement parking.

The project has been lodged under the NSW Government's Low and Mid-Rise Housing reforms, with Drummoyne Village identified as a town centre capable of accommodating additional housing supply.

Central Element acquired the site earlier this year as part of its continued expansion across Sydney's eastern suburbs, lower north shore and inner west.

The developer's current pipeline includes luxury apartment projects Pearl Bondi and a separate development on Lamrock Avenue in Bondi, a residential project in Barry Street, Neutral Bay, and a mixed-use seniors living community in Greenwich.

Central Element Managing Director Nathan Chivas said the project would address a shortage of new owner-occupier housing opportunities in Drummoyne.

"While we're seeing a significant shift across Canada Bay as major infrastructure investment, population growth and planning reform drive a new chapter for the region, in suburbs like Drummoyne there remains a genuine shortage of new boutique luxury housing opportunities for owner occupiers," Chivas said.

"Sites of this nature are increasingly difficult to secure, particularly those that combine a north-facing aspect with direct water outlook. Our St Georges Crescent project responds directly to the market demand, offering a level of exclusivity, outlook and lifestyle in the highly sought after suburb."

The development application has been lodged with the City of Canada Bay Council, with the project expected to launch to market in early 2027.

&nbsp;

Joel Robinson

Central Element seeks second Drummoyne apartment development

The NSW Government has unveiled plans that could deliver around 1,300 new homes across Nowra and Kiama, continuing its push to unlock housing in well-located regional centres along the South Coast.

The proposals, now on public exhibition, would pave the way for around 830 homes in Nowra and a further 450 homes in Kiama, while also introducing affordable housing requirements and increased building heights in key locations.

The larger of the two proposals is centred on Nowra, where the NSW Government is seeking to rezone land within the Mandalay and Riverfront precincts.

The Mandalay sub-precinct, located close to Shoalhaven Memorial Hospital, Nowra Library and the city's aquatic centre, could accommodate around 530 new homes. Around 30 per cent of housing delivered on Homes NSW-owned land would be dedicated to social and affordable housing, equating to roughly 100 homes. Building heights would increase from the current two-storey limit to between three and six storeys.

A separate rezoning proposal for the Nowra Riverfront Precinct would unlock a further 377 homes while creating stronger connections between the Shoalhaven River and the CBD. The plans include building heights ranging from five to 12 storeys, floor space ratios of up to 2:1 and a requirement for two per cent affordable housing.

Together, the two proposals would deliver more than 900 homes across the broader Nowra area, reinforcing the city's role as one of regional NSW's key growth centres.

The housing push builds on previous infrastructure commitments in the Shoalhaven, including government funding aimed at supporting thousands of future homes in West Nowra through upgrades to water and wastewater infrastructure.

Further north, the NSW Government is also progressing plans for the former Kiama Depot site, a two-hectare parcel near Kiama's town centre.

The rezoning proposal would transform the former industrial site into a residential community capable of delivering up to 450 homes. Buildings would range between six and eight storeys, with at least 10 per cent of homes allocated as affordable housing. The proposal also includes approximately 600 parking spaces and improved walking and cycling connections.

Planning Minister Paul Scully said the proposals are designed to increase housing supply in locations close to jobs, transport and services.

"For too long, families have struggled to find somewhere to live, and activating underutilised sites allows us to deliver the new homes these families need," Scully said.

"The Minns Labor Government is getting on with the job of unlocking well-located sites close to transport, jobs, and town centres and building the homes our communities need.

"These rezonings are about removing barriers to housing delivery and making sure land is put to better use so more people can find a place to call home within the communities they choose."

The latest rezonings form part of the Minns Government's broader strategy to accelerate housing delivery across NSW, particularly in established centres where existing infrastructure can support additional population growth.

Community consultation on the proposals is now underway, with feedback set to inform the final planning controls before the rezonings are determined.

Around 1,300 new homes earmarked for Nowra and Kiama as NSW Government pushes housing supply

<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]

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

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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Melbourne weekend auctions are up year on year with March weekend clearance rates around 79.4 percent compared to 73.4 percent in March last year.
Andrew Wilson from Domain said next weekend numbers will be well down by comparison with just over 900 auctions listed.
"A higher clearance rate was recorded at the weekend despite a surge in pre-school holiday listings with 1351 auctions scheduled compared to 1212 the previous weekend," he said.
"Although the Melbourne housing market is in top shape for sellers, the local rental market remains tough for tenants, with February asking rents for houses surging 5.3 percent over the past year. Unit rents were also higher, increasing by 1.3 per cent since February last year.
"Melbourne’s northern suburbs are booming and recorded another strong weekend clearance rate at 90 percent.
"Behind but still strong was the south-east at 83.1 per cent followed by the north-east at 82.9 percent, the inner east at 80.8 percent and the outer east at 79.6 percent.
"The inner south recorded a clearance rate of 78.9 percent followed by the west at 78.8 percent and the highest sales at 152, and the inner city at 78.4 percent."
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jonathanchancellor-7SQnKwU6yx

Melbourne's northern suburbs leads weekend clearance rate

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A student-only apartment at Prahran - listed with a disclosed $65,000 reserve - sold at weekend auction for $113,000.
But the vendor had paid $219,500 in 2009 when it was bought from Urban Studio Axiom.  
Located at <a href="https://www.realestate.com.au/property-apartment-vic-prahran-124859358" target="_blank">G01/8 Porter Street</a>, the tiny property has its own garden and courtyard.
It is leased for another 12 months for $245 per week - its sale price reflecting an 11 rental yield.
The apartment was marketed as suitable for a couple or individual.
Prahran station is in close proximity as well as tram lines and eateries and bars.
The property was offered through Purplebricks agent Andrew Leung who took a $65,000 opening bid.
There were six bidders.
It is not the first resale at huge discount to prior sale price in the block.
There was a $100,000 sale last March having previously sold at $179,500 in 2009, with banks having a clear aversion to student housing lending.
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jchancellor-FAypfDUnLy

Double the reserve, but half its prior selling price in Prahran

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Melbourne model Megan Gale has found a buyer for her designer mansion in Aberfeldie.
It took just 26 days for the contemporary five bedder to sell.
<img src="https://www.urban.com.au/images/2017/03/27/Screen%20Shot%202017-03-27%20at%2011.23.21%20AM.png" alt="">
It sold through Charlie Bongiovannica at alexcarbon, who sold her the home when she paid $2,375,000 in 2013.
Bongiovannica was seeking offers above $2.5 million.
<img src="https://www.urban.com.au/images/2017/03/27/Screen%20Shot%202017-03-27%20at%2011.23.16%20AM.png" alt="">
It's widely anticipated she is likely to upgrade her home in the southern capital, with the news her partner, Richmond ruckman Shaun Hampson, has signed with the club for another two years.
Set near the Maribyrnong River, the modern home with a fully imported Italian kitchen comes with a dedicated theatre room and a large sunken lounge with fireplace.
<img src="https://www.urban.com.au/images/2017/03/27/Screen%20Shot%202017-03-27%20at%2011.23.11%20AM.png" alt="">
The lounge transitions to a large undercover alfresco area overlooking a salt-chlorinated, self-cleaning, solar-heated infinity pool.
Late last year the Australia's Next Top Model judge scored $3 million for her former Sydney weekender at Palm Beach.
She had paid $3.2 million in 2006, fresh from a seven-year modelling stint in Italy.
Now the last of the Gale's Perth property portfolio is for sale too.
<img src="https://www.urban.com.au/images/2017/03/27/Screen%20Shot%202017-03-27%20at%2011.23.06%20AM.png" alt="">
The Attadale home, south of Perth, is being sold with a guide of $1.3 million through Moncrieff Realty agent Anita Moncrieff. 
Gale also recently signed off on the $515,000 sale of one of the family's properties in her hometown Perth.
The three bedroom home just outside of Fremantle had been in the co-ownership of Megan, mother May and late father Alan since 2005 when they paid $332,000.
This article first appeared in The Weekend Australian's Mansion Australia section. 
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j.ballantyne1990-6AQqhLzZaK

Megan Gale finds buyer for designer Aberfeldie mansion

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The Block Sky High alumni Bec and George Douros secured the $910,000 weekend sale of the first house they bought together in Melbourne.
Transformed with a recent year-long DIY $100,000 renovation, the 1950s Spotwood weatherboard was bought almost eight years ago for $490,000.
The <a href="https://www.realestate.com.au/property-house-vic-spotswood-124844478" target="_blank">2 Robert Street</a> (above) offering came with a price guide of $850,000 to $900,000 through Jas Stephens, Williamstown, selling agent Mark Hutcheson.
Bec and George, who pocketed $242,000 from their stint on The Block Sky High in 2013, previously subdivided the block to build a townhouse on the site.
The national auction clearance rate nudged higher over the week, at the same time the number of auctions surged to the second highest level this year.
Auction activity across the capital cities increased this week from 2,916 last week to 3,147 this weekend.
It was the largest number of auctions since the last week of February 2017 when 3,301 auctions were held.
This time last year was the Easter long weekend.
The clearance rate across the combined capitals was 77 percent, increasing from 74 percent over the previous week and up from 70.9 percent one year ago.
"Australia’s largest auction markets are continuing to run hot," CoreLogic’s auction commentator Kevin Brogan said.
Sydney saw the highest preliminary clearance rate across the cities at 81.1 percent.
Brisbane and Perth where clearance rates fell.
A total of 1,082 homes were auctioned in Sydney this week, with preliminary results returning a clearance rate of 81.1 percent, the strongest clearance rate for Sydney so far this year.
Last week, across the 1,001 auctions in the city, 76.8 percent of results were successful.
The busiest regions for auctions across Sydney this week were North Sydney and Hornsby (151 auctions) and Inner South West (124 auctions), while clearance rates ranged from as high as 91.3 per cent in Northern Beaches to as low as 63.8 per cent in Parramatta.
Sydney's top sale was at Vaucluse where a <a href="https://www.realestate.com.au/property-house-nsw-vaucluse-124825934" target="_blank">six bedroom contemporary home</a> (below) was sold through McGrath Estate Agents.
<img src="https://www.urban.com.au/images/2017/03/27/Screen%20Shot%202017-03-27%20at%209.56.31%20AM.png" alt="">
There were 1,601 Melbourne auctions this week, making it the busiest capital city. Across the 1,391 reported results, 79.9 per cent were successful this week, up from 77 percent last week.
Prices topped out with a five bedroom $5.53 million Brighton house, which was offered for the first time in five decades.
The 1930s Gordon Murphy-designed home with extension designed by architect Geoffrey Woodfall sits on a 1279 square metre <a href="https://www.realestate.com.au/sold/property-house-vic-brighton-124876698" target="_blank">Kinane Street block</a> (below).
<img src="https://www.urban.com.au/images/2017/03/27/Screen%20Shot%202017-03-27%20at%209.57.38%20AM.png" alt="">
It sold at $530,000 above reserve.
Sales included a<a href="https://www.realestate.com.au/property-house-vic-chelsea-124875466" target="_blank"> </a>Chelsea beach box (below), number 1322, which sold to a local for $175,000.
<img src="https://www.urban.com.au/images/2017/03/27/Screen%20Shot%202017-03-27%20at%209.59.33%20AM.png" alt="">
"Shed No. 1322 has been held by the same family for three generations," Barry Plant Mordialloc selling agent Michael Care said.
The strongest performing Melbourne sub-region was the North West with 91.7 percent of auctions clearing, followed by the Mornington Peninsula region (88.1 percent) based on preliminary results.
Across Brisbane, auction volumes rose from 179 last week to 196 this week, with a preliminary clearance rate of 44 percent, compared to 50 percent last week. 
Brisbane's top sale was a <a href="https://www.realestate.com.au/property-house-qld-hawthorne-124505082" target="_blank">442 sqm riverfront block </a>(below) offering city views from its Hawthorne vantage point, that fetched $2,225,000.
<img src="https://www.urban.com.au/images/2017/03/27/Screen%20Shot%202017-03-27%20at%2010.00.46%20AM.png" alt="">
The Ray White offering of the Gordon Street had last sold at $2.3 million in 2007.
Preliminary results show that 68.2 percent of the 124 Adelaide auctions were successful this week, up from last week (57.4 percent).
The top sale was a <a href="https://www.realestate.com.au/property-house-sa-magill-124847266" target="_blank">five-bedroom character home at Magill</a> (below) - the former orphanage known as Lentara - with sold through Belle Property for $1.412 million.
<img src="https://www.urban.com.au/images/2017/03/27/Screen%20Shot%202017-03-27%20at%2010.01.52%20AM.png" alt="">
With soaring 3.6m ceilings, stained glass, cove cornices, and Baltic timber floors, the house sits on 1490 sq m at 6 Penfold Road.
It last sold at $1.28 million in 2012.
Perth’s preliminary auction clearance rate was 30.8 per cent this week across 13 results. Last week, 42 results were captured across the city, with 61.9 per cent having sold. 
Some 78.4 percent of Canberra auctions were successful this week, up from 72.9 percent last week and higher than one year ago (58.3 percent). There were 104 auctions held in Canberra this week and 114 last week. 
A lakeside reserve 1950s home was the ACT's top sale at <a href="https://www.realestate.com.au/property/8-brown-st-yarralumla-act-2600" target="_blank">$2.59 million at Yarralumba</a>.
<img src="https://www.urban.com.au/images/2017/03/27/Screen%20Shot%202017-03-27%20at%2010.03.22%20AM.png" alt="">
The 8 Brown Street three-bedroom monocrete cottage on 867 sq m was the only property on the street of nine houses yet to be redeveloped.
Domain reported there were nine registered bidders.
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Spotswood weatherboard sells for Block alumni

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Entry level properties in Sydney’s eastern suburbs are generally limited to units with former industrial areas and unused sites with development, according to HTW’s Month in Review: March 2017. 
The valuation firm says Sydney’s eastern suburbs market is a more difficult market for first home buyers to enter due to its desired proximity to the CBD and beaches, therefore attracting higher prices.
“Modern one bedroom units in the $650,000 to $1 million price range can be purchased throughout suburbs such as Little Bay, Botany/ Mascot, Rosebery/Zetland and Waterloo,” the firm says.
“Older style units can also be purchased in this price bracket however the first home buyers grant and stamp duty saving does not apply.”
The report says the inner west market attracts significant interest since the construction and completion of the light rail project contributing to price rises.
Entry level units may be easier to come by compared to some parts of the eastern suburbs, it suggests.
“Older style one and two bedroom units in Dulwich Hill, Marrickville and Petersham can be purchased for $600,000 to $750,000,” HTW says.
“Unit development in the Bankstown, Punchbowl and Lakemba corridor has increased significantly and this has seen units available at relatively affordable prices between $500,000 to $700,000 for new one, two and three bedroom units.
“Bankstown is positioned 20 kilometres from Sydney CBD and the train service will get a commuter into the city in less than 40 minutes.”
A one bedroom unit at <a href="https://www.realestate.com.au/property-unit-nsw-mascot-124658518" target="_blank">256/3-9 Church Avenue</a>, Mascot (above) is listed with a price guide of $770,000.
Similarly a one bedroom unit at <a href="https://www.realestate.com.au/property-apartment-nsw-zetland-124880978" target="_blank">61/5B Victoria Park Parade</a>, Zetland is listed for between $700,000 to $770,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/09/61_5B%20Victoria%20Park%20Parade.jpg" alt="">
A two bedroom unit at <a href="https://www.realestate.com.au/property-apartment-nsw-marrickville-124888542" target="_blank">2/169 Livingstone Road</a>, Marrickville (below) has been listed with a buyers guide of $710,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/21/2_169%20Livingstone%20Road.jpg" alt="">
Similarly a two bedroom unit at<a href="https://www.realestate.com.au/property-apartment-nsw-dulwich+hill-124997126" target="_blank"> 3/6 Pigott Street</a>, Dulwich Hill (below) has been listed for $699,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/21/3_6%20Pigott%20Street.jpg" alt="">
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Sydney first time buyers should ignore the east and head to inner west: HTW

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The Done family's Cadmium Property launched their residential development, The Surry in Surry Hills with great success.  
Selling 50 percent of apartments on the morning of launch - out of the 24 residences - around 80 percent of purchasers were owner occupiers and locals.  A one bedroom apartment sold for $1.1 million.
A three bedroom apartment sold for more than $3 million at the Elizabeth Street location.
Apartment prices range from:
1 beds from $895,000+
2 beds from $1,500,000+
3 beds from $2,100,000+
The north facing development features a landscaped garden designed with seasonal charm in mind and city views. 
Cadmium Property is part of The Done Group – a family owned business run by Oscar and Camilla, the children of artist Ken Done.
For The Surry they have partnered with renowned architectural firm Candalepas to create a development with only 24 apartments.
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Done family kick off The Surry, Surry Hills sales

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Sales in Melbourne's prestige property market are strong with 134 prestige property auctions reported in Melbourne last week according to Domain's Andrew Wilson.
He said Melbourne reported another strong prestige auction clearance rate of 79.9 percent last week.
"Although well below the previous week’s result of 88.2 percent from low holiday listings was well ahead of the 73.7 percent recorded over the same week last year.
"This week’s clearance rate is the highest non-holiday result of the year so far and the fourth result above 79.0 percent recorded over the past 5 weeks.
"Melbourne’s prestige home auction market accounted for 15.9 percent of total auction activity reported last week which was higher than the 9.0 percent recorded the previous week but lower than the 19.3 percent recorded over the same week last year.
"The Melbourne prestige auction market median sale price was down over the week, falling to $2,150,000 compared to the $2,315,000 recorded over the previous week.
"The median auction price however was 21.6 percent higher than the $1,767,500 reported over the same week last year.
"The top performing Melbourne prestige auction market suburbs by sales volume over the past four weeks with 100 percent clearance rates have been Caulfield North with a median at $2,100,000 followed by McKinnon $1,852,500, Deepdene  $3,662,500, Middle Park $1,920,000 and Eaglemont with a median auction price of $4,575,000."
Property Observer found a four bedroom home at <a href="https://www.realestate.com.au/sold/property-house-vic-caulfield+north-124688318" target="_blank">123 Kambrook Road Caulfield North</a> (above) which sold recently for $2.1 million.
<img src="https://www.urban.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%2011.30.02%20AM.png" alt="">
 
A five bedroom home at <a href="https://www.realestate.com.au/sold/property-house-vic-mckinnon-124815050" target="_blank">9 Clee Street McKinnon</a>, (above) sold for $1,625,000.
<img src="https://www.urban.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%2011.32.15%20AM.png" alt="">
 
A three bedroom home at <a href="https://www.realestate.com.au/sold/property-house-vic-middle+park-124043770" target="_blank">198 Page Street Middle Park</a> (above), was sold for $2,350,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/24/Screen%20Shot%202017-03-24%20at%2011.37.10%20am.jpg" alt="">
The four bedroom home at <a href="https://www.realestate.com.au/sold/property-house-vic-deepdene-124092510" target="_blank">1 Abercrombie Street Deepdene</a> (above), sold for $2,230,000.
<img src="https://www.urban.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%2011.57.00%20AM.png" alt="">
 
The two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-eaglemont-124765334" target="_blank">24 Brooke Street Eaglemont </a>(above) recently sold for $2,850,000.
 
 
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Melbourne's prestige suburbs netting 100 percent clearance rates

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Melbourne is set to hold the biggest auction weekend so far this year with more than 1,500 homes slated for auction, according to the REIV.
The REIV state 1,420 homes across 341 suburbs going to auction on Saturday. 
Joseph Walton, REIV president, said the 2017 auction market is one of the strongest in recent years with volumes up 13 percent on the same period last year. 
“Multiple auction records fell in February when more than 3,200 homes went to auction and close to 2,570 sold under the hammer,” he said.
“High auction volumes have continued throughout March with the current clearance rate of 79 percent signalling ongoing buyer and vendor confidence.
"The solid start to the year followed the strongest December in the state’s history – in terms of both auction volumes and sales. 
“The 2016 auction market remained buoyant right up until Christmas eve with low interest rates and high clearance rates encouraging more vendors to sell their homes well after the traditional spring selling season."
<a href="https://www.propertyobserver.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%2011.00.33%20AM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%2011.00.33%20AM.png" alt="" width="486" height="416">
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Bumper weekend auction market for Melbounre

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Sales of Sydney prestige property has been strong over the last month with five suburbs netting a 100 percent clearance rate.
The median sale price in the Sydney prestige market was $3,050,000 last week, according to Domain, up from the previous week's figure of $2,875,000 and 28.9 percent higher than the same week last year.
The top five prestige suburbs in Sydney with a 100 percent clearance rate was Killara (median of $2,392,500), Bondi (median of $3,250,000), Waverley (median of $2,006,000), Castle Cove (median of $2,770,000) and Greenwich (median of $2,595,000).
Property Observer found a five bedroom house in Killara, <a href="https://www.realestate.com.au/sold/property-house-nsw-killara-124713770" target="_blank">66 Springdale Road</a> (above), that recently sold for $5,450,000.
The home is on a 1,906m2 site with 35m frontage and was built in in 1904.
<img src="https://www.urban.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%2010.37.25%20AM.png" alt="">
A five bedroom home in Bondi, <a href="https://www.realestate.com.au/sold/property-house-nsw-bondi-124045830" target="_blank">10 Rockley Street</a>, (above) sold for $3.3 million. 
it sits on a hilltop 335sqm of land.
<img src="https://www.urban.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%2010.41.28%20AM.png" alt="">
A four bedroom home in Waverley, <a href="https://www.realestate.com.au/sold/property-house-nsw-waverley-124603538" target="_blank">9 Langlee Avenue</a> (above), sold in February for $3,536,000.
<img src="https://www.urban.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%2010.42.57%20AM.png" alt="">
A Castle Cove home, <a href="https://www.realestate.com.au/sold/property-house-nsw-castle+cove-124627594" target="_blank">138 Deepwater Road</a> (above), sold in February for $4 million. The four bedroom home has bushland and water views.
<img src="https://www.urban.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%2010.46.51%20AM.png" alt="">
 
The three bedroom home at <a href="https://www.realestate.com.au/sold/property-house-nsw-greenwich-124620630" target="_blank">13 Crowther Avenue Greenwich</a> (above) sold in February for $2,175,000.
 
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Sydney's five prestige suburbs with 100 percent clearance rate

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Only seven apartments remain on the market in Frasers Property Australia’s Newport, Brisbane development Hamilton Reach. 
Some 27 of the 34 apartments have sold out, totalling $35.9 million. They feature a mix of two and three-bedroom apartments across five levels.
<img src="https://www.urban.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%209.39.03%20AM.png" alt="">
Cameron Leggatt, general manager Residential Queensland for Frasers Property Australia, said Newport’s popularity could be attributed to its unique and thoughtful design, coveted location and Brisbane’s buoyant prestige market. 
“Our relationship with Newport’s architect, Rothelowman, across several stages of Hamilton Reach has been crucial in achieving the best design outcomes for this development,” he said. 
<img src="https://www.urban.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%209.40.06%20AM.png" alt="" width="695" height="419">
“This has enabled the architect to develop an intimate and holistic understanding of the community, its residents and their lifestyle needs. 
“Their design at Newport has created a timeless yet innovative waterfront apartment lifestyle that has caught the eye and captured the heart of the discerning prestige apartment buyer.” 
Buyer Errol Taylor and wife Kathy purchased a three-bedroom three-bathroom apartment on Newport’s second level after downsizing from Brisbane.
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“The children had grown up and left home so we wanted something on the water that could accommodate the family when they visit,” he said.
<img src="https://www.urban.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%209.38.19%20AM.png" alt="">
 
“We also wanted to be in a position where we could go on holiday and not worry about the garden, security and checking the letterbox.
“We absolutely love the community feel and vibe - it’s family friendly which is great for our grandkids.
<img src="https://www.urban.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%209.37.29%20AM.png" alt="">
 
“We love the lifestyle here – it’s an excellent location that is close to everything but still has a relaxed, family feel.”
<img src="https://www.urban.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%209.36.18%20AM.png" alt="">
Newport apartments range in size from 109sqm to 165sqm and are priced from $755,000 to $1.525 million. 
For more information go to <a href="https://www.frasersproperty.com.au/QLD/Hamilton-Reach/" target="_blank">hamiltonreachliving.com.au</a>. 
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