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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A 1905 Melbourne mansion in Malvern East, once-owned by Little River Band guitarist Beeb Birtles, was likely the nation's highest weekend auction sale.
It sold post auction at an undisclosed price, understood to be for more than $6 million.
The five-bedroom, four-bathroom house on 1400 sqm at <a href="https://www.domain.com.au/10-manning-road-malvern-east-vic-3145-2013403328" target="_blank">10 Manning Road</a> (above) originally came with $8 million plus hopes through an unsuccessful expressions of interest campaign last November.
Domain reported there was just the one bidder at $5.95 million
Harleston Firs was sold by the band member for $1,265,000 in 1991 to the current vendors.
A one bedroom, one bathroom apartment at Kingsville, some nine kms from the Melbourne CBD, sold at weekend for $210,000, making it the most cheapest sale across the capital cities.
<img src="https://www.urban.com.au/images/2017/03/20/Screen%20Shot%202017-03-20%20at%208.37.54%20AM.png" alt="">
Located at <a href="https://www.realestate.com.au/property-apartment-vic-kingsville-124745538" target="_blank">2/57 Kingsville Street</a>, (above) the property has been a $210 a week rental.
Sydney's clearance rate remains the strongest in the country. Domain economist Dr Andrew Wilson described the Sydney auction market as "relentless." 
The national capital city clearance rate increased this weekend sat at 76 per cent, compared to 75 per cent last weekend and 68.8 per cent one year ago. 
Auction activity increased over the week with 2,844 homes taken to auction, up from 1,473 last week; however this time last year, volumes were higher with 3,540 properties taken to auction.
Each individual capital city market has seen a rise in auction volumes over the week, while clearance rates have been somewhat varied, noted Kevin Brogan at CoreLogic.
The highest preliminary clearance rate was in Sydney where 83.9 per cent of auctions cleared over the week, followed by Canberra at 76.6 per cent.
Melbourne was the busiest city for auctions this week, with 1,415 homes going under the hammer.
Of the 1,059 reported auctions, 804 were successful, representing a preliminary clearance rate of 75 per cent.
One offering that didn't sell was when the comedian and writer Glynn Nicholas’ converted warehouse two-bedroom apartment passed in on a $750,000 vendor bid.
<img src="https://www.urban.com.au/images/2017/03/20/Screen%20Shot%202017-03-20%20at%208.38.47%20AM.png" alt="">
It now comes with an $865,000 asking price (above).
Nicholas has owned the <a href="https://www.realestate.com.au/property-apartment-vic-st+kilda-124808438" target="_blank">13/1-5 Martin Street</a> apartment since paying $190,000 in 2000, using it as an office space before converting it and recently adding a mezzanine floor.
Melbourne’s clearance rate dipped from the 79 per cent across 385 auctions on the Moomba long weekend, while last year 72 per cent of the 1,788 auctions held were successful. 
The busiest Melbourne sub-regions this week were Melbourne’s Inner region and the Inner South region, where 204 and 145 auctions were held respectively. 
The strongest clearance rate was recorded across the North West region, where 89 per cent of auctions were successful based on 74 results.
Melbourne sales included Anthony Hudson — an SEN radio host and Fox Footy commentator - who sold in Brighton for $3.305 million.
<img src="https://www.urban.com.au/images/2017/03/20/Screen%20Shot%202017-03-20%20at%208.40.20%20AM.png" alt="">
It has been <a href="https://www.realestate.com.au/property-house-vic-brighton-124873658" target="_blank">four bedroom home</a> (above) with his wife Eloise and their three daughters since traded in 2010 for $2.175 million.  
The Herald Sun reported the renovated 1960s home attracted competitive bidding between two of the four bidders — topping a reserve price around $2.9 million after an opening vendor bid of $2.6 million.
This week, 962 Sydney homes were auctioned and preliminary results show 83.9 per cent were successful, representing a rise from 77 per cent last weekend across 803 auctions.
One year ago, 1,114 auctions were held across Sydney and a clearance rate of 71 per cent was recorded.
Looking at the sub-regions of Sydney, the Baulkham Hills and Hawkesbury and Ryde regions recorded the strongest clearance rate of 92 per cent across 23 and 50 auctions respectively, followed by Eastern Suburbs' 92.7 per cent.
A 1900s bungalow at Mosman fetched $5.58 million, making it Sydney's most expensive weekend auction result.
<img src="https://www.urban.com.au/images/2017/03/20/Screen%20Shot%202017-03-20%20at%208.41.16%20AM.png" alt="">
Located at <a href="https://www.realestate.com.au/sold/property-house-nsw-mosman-124763630">12 Edwards Bay Road</a>, (above) the property has been held by the same family for 50 years.
With views over Balmoral Beach, the property was offered through McGrath.
There were 175 Brisbane homes taken to auction this weekend. The preliminary clearance rate for the city is 49 per cent, down from 55 per cent last week and similar to one year ago, when 49 per cent of the 284 properties taken to auction were successful. 
<img src="https://www.urban.com.au/images/2017/03/20/Screen%20Shot%202017-03-20%20at%208.42.10%20AM.png" alt="">
Brisbane's top priced result was in Wilston where a city-view house sold for $1.55 million, located at <a href="https://www.realestate.com.au/property-house-qld-wilston-124729202" target="_blank">18 Main Avenue</a> (above).
Adelaide recorded a clearance rate of 64 per cent across 105 auctions this weekend, down from 73 per cent across 87 auctions last week. At the same time last year, 145 homes were taken to auction, with 67 per cent recording a successful result.
Perth’s clearance rate of 60 per cent across 58 auctions is up from the previous week, when 26 auctions were held and a clearance rate of 39 per cent was recorded. Over the same week last year, the clearance rate was a lower 36 per cent, and 81 auctions were held.
In Canberra, 113 auctions were held this week, and of the 64 reported results, 76 per cent were successful. Last week, 45 auctions were held and the clearance rate was a lower 67 per cent. This time last year, 119 auctions were held and a clearance rate of 67 per cent was recorded.
A resort style Yarralumla home sold for $2.275 million, making it Canberra’s most expensive sale on the weekend.
<img src="https://www.urban.com.au/images/2017/03/20/Screen%20Shot%202017-03-20%20at%208.43.21%20AM.png" alt="">
Located at <a href="https://www.realestate.com.au/sold/property-house-act-yarralumla-124814718" target="_blank">7 Drummond Row</a>, (above) it was five bedroom home positioned in a quiet, blue ribbon cul-de-sac. 
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j.ballantyne1990-6AQqhLzZaK

Sydney auction market 'relentless', clearance rate nation's strongest

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A one bedroom, one bathroom apartment at Kingsville, some kms from the Melbourne CBD, sold at weekend for $210,000, making it the most cheapest sale across the capital cities.
Located at <a href="https://www.realestate.com.au/property-apartment-vic-kingsville-124745538" target="_blank">2/57 Kingsville Street</a>, the property is a great place to invest with the added addition of an allocated car parking space.
With original proportions it features a living/dining area accompanied by a bright open-plan kitchen zone.
The double bedroom offers built-in robes and an ensuite bathroom.
<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/2017/03/19/2_57%20Kingsville%20Street-2.jpg" alt="">
From a first home buyer perspective there are simple, straightforward options if further renovations are necessary.
Close proximity to Chatfield Street, Cruickshank Park and new cafes.
The property was offered through Jas Stephens Real Estate agent Andy Simpson.
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Kingsville one bedroom apartment sold for $210,000

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Development has begun at the GJ Gardner Variety Freedom House with Rugby League star Mark Geyer and grant recipient Jayden Taylor turning the first sod.
The GJ Gardner Variety Freedom House is a partnership between GJ Gardner Homes and Redbank North Richmond to raise money for Variety.
A GJ Gardner Hawkesbury home will be constructed at the Redbank Richmond development at cost price.
Tradies and businesses are invited to donate their time and supplies to keep costs down and raise as much money as possible for Variety.
Rugby league's Mark Geyer said if you’re a tradie or supplier who is willing to help, this is your opportunity to step up and make a difference to kids in need.
"The more time or supplies you can donate, the more help we can provide,” he said.
<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/2017/03/15/Mark%20Geyer%20and%20Jayden%20Taylor%20at%20GJ%20Gardner%20Variety%20Freedom%20House%20%20Turning%20of%20the%20Soil%204%20sml.jpg" alt="">
David Hogan, GJ Gardner Sydney West franchisee said the GJ Gardner Variety Freedom House will be our popular Hawkesbury design which has captivating, attractive features and modern, spacious living areas.
"We expect it to be a popular purchase for buyers wanting to move into the local area,” he said.
"The house will be built in the majestically situated development overlooking more than 85 acres of heritage-protected parklands.
Redbank has been master planned by renowned urban designer Brian Toyota of ML Design to be North West Sydney's premier address - an eclectic mix of traditional family home sites and grand homestead lots for growing families."
A similar initiative in both Shoalhaven and Tamworth raised more than $400,000 combined.
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Development begins at GJ Gardner Variety Freedom House

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The first sod at South Australia's King George Avenue site in North Brighton has been turned to create the state's largest disability precinct.
A partnership between Minda, a non-government disability support organisation, and the AEIOU Foundation for children with autism.
The $2.3 million AEIOU centre, is funded by a $891,000 grant received through the National Stronger Regions Fund (NSRF) and donation of land by Minda under a long-term lease.
When built, the 720m2 purpose-built centre will feature four classrooms, therapy rooms, a motor skills room, parents’ retreat, and 160m2 roofed outdoor play facilities.
Stage 2 of the development will include 11 single-story group dwellings, four single-storey residential flat buildings, and two three-storey residential flat buildings as replacement accommodation for people Minda support.
A lifestyle precinct will be built with four buildings offering medical suites, day programs, child care and recreational facilities.
<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/2017/03/14/Adel_AEIOU_Cam2.jpg" alt="">
Alan Smith, chief executive officer said the precinct will respond to calls by South Australian families for greater access to vital early intervention, in order to create positive lifelong outcomes.
“With 1 in 100 children diagnosed with autism, the clock is ticking on the short-term development window where we know a true permanent difference can be made," he said.
“Since opening our first AEIOU centre in Adelaide in 2014, we have provided affordable and effective autism early intervention to more than 40 South Australian families.
"Our new centrally located Brighton centre will ensure even more children will have access to life-changing early intervention programs each year and receive the ongoing support they need.
“AEIOU sincerely thanks the National Stronger Regions Fund (NSRF) for its significant financial contribution to this project, and to disability support partner Minda for their generous donation of the parcel of land on which we will be located.”
Cathy Miller, chief executive officer, Minda, welcomed the start of construction of the AEIOU Centre and Stage 2 of its broader $160m+ Master Plan development.
“Minda’s Master Plan aims to create a vibrant community hub that offers leading edge accommodation and support for South Australians of all ages with disability, and we are pleased to align with AEIOU Foundation because it shares very similar values and opens up the prospect of future collaboration in areas such as research, training and development,” Ms Miller said.
“With the introduction of the National Disability Insurance Scheme it is now more critical than ever to establish partnerships with other sector-leading organisations like AEIOU to complement our own support model, and ensure that South Australians and their families receive whole-of-life support over time if they need,” she said.
AEIOU Foundation’s centre is expected to be complete in late 2017, with Stage 2 of Minda’s Master Plan expected to take about 18 months.
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First sod turned on SA’s largest disability support precinct

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Melbourne's weekend home auction market is full steam ahead following last weekend's Labour Day holiday with more than 1200 homes slated for auction.
Sydney's auction numbers are still rising, according to Domain's Andrew Wilson, with sellers taking advantage of the strong local market conditions.
He said nearly 700 hundred auctions are scheduled in Sydney for Saturday, up from the 626 auctioned last weekend.
"Although Sydney's auction numbers will be higher, this weekend’s listings will be well below the 911 auctions conducted over the pre-Easter Super Saturday on the same weekend last year," he said.
"With continuing high levels of demand, higher numbers of auctions this weekend however be welcomed by buyers.
"The upper north shore will host the most number of auctions with 89 closely followed by the south with 87, the city and east 79, the inner west 76, the northern beaches 68, the south west 49, the lower north 48, the west 38, the north west 33, Canterbury Bankstown 31, the central coast 15 and the Blue Mountains with 1 auction listed for Saturday.
"The most popular suburb for auctions this weekend in Sydney is Wahroonga with 12 followed by Randwick with 9, Turramurra, Epping and Bexley each with 8 and a number of suburbs with 7 auctions listed including Paddington, Lane Cove North, Castle Hill and Carlingford.
"Although auction numbers will surge, this weekend’s listings will be well below the 1598 auctions conducted over the pre-Easter Super Saturday on the same weekend last year. With continuing high levels of demand, this weekend’s return to normal will however be welcomed by buyers.
"In Melbourne, over 1200 homes are scheduled to go under the hammer at the weekend which will be predictably well ahead last Saturdays holiday impacted total of just 258 auctions.
"The west suburban region will yet again host the most number of auctions on Saturday with 191 followed by the north east 176, the inner south 174, the inner city 170, the outer east 149, the inner east  142, the north 96 and the south east with 79 auctions listed on the weekend.
"The most popular suburb for auctions this weekend in Melbourne is Reservoir with 22 followed by Prahran 20, Glen Waverley 19, St Kilda 18, Kew 17 and Preston, East Bentleigh and Epping each with 15 auctions on Saturday."
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jonathanchancellor-7SQnKwU6yx

Melbourne auction market full steam ahead, Sydney still rising

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The combined capital city auction clearance rate was recorded at 75.1% across 1,473 auctions last week, according to CoreLogic’s latest report.
The property data firm says this figure is based upon results collected for 87.8% of the capital city auctions held over the past week
Clearance rates increased on lower volumes last week with the clearance rate recorded at 74.6% the previous week from 2,907 auctions.
Although auction clearance rates fell last week, they remain much higher than they were at the same time last year when they were recorded at 64.9%.
<a href="https://www.propertyobserver.com.au/images/2017/03/16/Screen%20Shot%202017-03-16%20at%202.43.02%20pm.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/2017/03/16/Screen%20Shot%202017-03-16%20at%202.43.02%20pm.jpg" alt="">
Melbourne’s auction clearance rate rose from 78.4% the previous week to 79.6% last week while auction volumes also fell, down to 385 from 1,459.
In Sydney, clearance rates also increased from 76.0% to 77.8% while auction volumes fell from 950 the previous week to 803 last week.
Each region except for Canberra and Tasmania recorded higher auction clearance rates last week compared to the previous week.
<a href="https://www.propertyobserver.com.au/images/2017/03/16/Screen%20Shot%202017-03-16%20at%202.44.36%20pm.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/2017/03/16/Screen%20Shot%202017-03-16%20at%202.44.36%20pm.jpg" alt="">
The number of newly advertised and total residential properties listed for sale has remained fairly steady over the past week and is now higher than it was 12 months ago, while total stock for sale remains lower.
The 48,673 newly advertised properties nationally is 1.8% higher than a year ago and the 229,325 total properties advertised for sale across the country is 5.4% lower than a year ago.
At a combined capital city level there are 30,519 fresh properties advertised for sale, which is 4.3% higher than a year ago, and 105,034 total properties advertised for sale which is 1.3% lower than a year ago.
The number of newly advertised properties for sale is higher over the year in all capital cities except Adelaide (-5.5%), Perth (-7.8%) and Darwin (-17.1%).
The total number of properties advertised for sale is lower over the year across all capital cities except for Brisbane (-6.1%).
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National auction clearance rates sit at 75%: CoreLogic

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Interest rate cuts and the return of lending to investors over the past year have been the catalyst for increased investor interest, according to CoreLogic.
The property data firm says that it was confirmed in the January 2017 housing finance data released last week by the Australian Bureau of Statistics (ABS).
According to CoreLogic research analyst Cameron Kusher: “Pairing the housing finance data with the Reserve Bank’s (RBA) lending aggregate data provides deeper insight into housing investor behaviour.”
Over the month of January, the data confirmed that housing finance data showed that investors committed to a total of $13.8 billion in finance for investment properties – this represents a 4.2% rise over the month and a 27.5% increase year-on-year (the largest annual increase since August 2014).
<a href="https://www.propertyobserver.com.au/images/2017/03/16/Screen%20Shot%202017-03-16%20at%202.28.46%20pm.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/2017/03/16/Screen%20Shot%202017-03-16%20at%202.28.46%20pm.jpg" alt="">
The value of investor housing finance commitments remains below its previous peak but has ramped-up significantly over the past 12 months.
“In fact, the value of investor housing finance commitments in January 2017 was just -5.3% lower than its historic peak in April 2015,” Kusher said.
“Investor housing finance commitments is clearly flowing to established homes rather than new homes.
“This isn’t really a surprise when you consider that the amount of established housing stock is substantially greater than new stock and new housing typically has a price premium over existing stock.
“Over the month, $1.2 billion in commitments were for new construction compared to $12.6 billion for established housing stock.”
<a href="https://www.propertyobserver.com.au/images/2017/03/16/Screen%20Shot%202017-03-16%20at%202.28.54%20pm.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/2017/03/16/Screen%20Shot%202017-03-16%20at%202.28.54%20pm.jpg" alt="">
Data published by the RBA on investor housing credit, represents the total amount outstanding to mortgage lenders for the purposes of investor housing.
In January 2017, investor credit expanded by 0.6% to be 6.6% higher over the year. The monthly change was actually the lowest it has been in four months while the annual change was the highest it has been in 10 months.
“Much like the housing finance data, the credit data shows the impact of APRAs recent curbs to investor credit growth which have slowed growth however, more recently credit has once again started to expand,” Kusher said.
<a href="https://www.propertyobserver.com.au/images/2017/03/16/Screen%20Shot%202017-03-16%20at%202.29.02%20pm.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/2017/03/16/Screen%20Shot%202017-03-16%20at%202.29.02%20pm.jpg" alt="">
At the end of January 2017, the RBA reported that there was $572.2 billion in investor credit outstanding to Australian lenders, CoreLogic said.
This figure accounted for 34.9% of all housing credit outstanding ($1.637 trillion) and 21.5% of total outstanding credit.
“This shows a significant rise in investor housing credit, in fact, two decades ago investor credit represented 21.8% of total housing credit and 8.7% of all credit,” said Kusher.
<a href="https://www.propertyobserver.com.au/images/2017/03/16/Screen%20Shot%202017-03-16%20at%202.29.11%20pm.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/2017/03/16/Screen%20Shot%202017-03-16%20at%202.29.11%20pm.jpg" alt="">
“With the substantial increase in dwelling values in Sydney and Melbourne over recent years, home owners are able to utilise the equity in their principal place of residence to purchase investment properties.
“However, while investor activity is rising, the proportion of total housing finance commitments to owner occupier first home buyers is at an historic low.
“Over the coming months we expect to see further tightening of lending policies to investors with some lenders approaching APRAs 10% speed limit.
“Should this occur it is likely to result in a moderate slowing of demand from the investment segment, at least temporarily like we saw in mid-2015 and early 2016.”
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Investor activity continues to surge: CoreLogic

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Some 200 affordable housing properties will be developed in the Illawarra suburbs of Berkley and Shellharbour as part of a joint venture between Hyperbuild and BuyAssist Australia, a subsidiary of the National Affordable Housing Consortium (NAHC).
Hyperbuild will develop town houses made from Cross Laminated Timber and will then make them available to BuyAssist Australia eligible buyers who do not have a deposit.
BuyAssist Australia will provide a minimum 20 per ent deposit to the eligible purchases under a regulated loan agreement, with purchasers assisted to obtain a loan for the balance. The deposit is not required to be repaid until after the property is sold or no longer occupied by the owner.
The building process with CLT works by large timber panels craned into place, forming the overall structure.
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Making Illawarra housing more affordable

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The northern suburbs of Melbourne are providing a number of options for typical first time buyers, according to HTW’s Month in Review: March 2017. 
The valuation firm says options within the inner north are normally confined to apartment complexes and multi-unit developments where the median unit price (December 2016) is $505,000 and $638,000 across Brunswick and Brunswick West respectively.
For a more expansive property, the median house price for two bedroom dwellings within these same areas increases significantly to $870,000 and $935,000.
HTW suggests that more affordable locations lie further north where the median house price drops considerably with three bedroom houses in Epping and Craigieburn in the region of $453,000 and $390,000.
“Developments within the outer northern suburbs of Melbourne are attempting to create affordable product targeting first time buyers,” the firms says.
“This product typically comprises smaller lot sizes in secondary areas. Affordability is a real issue facing first time buyers.
“The First Home Owners Grant currently applies to new builds only which is something first home buyers should be taking advantage of along with the stamp duty reductions available.
“With the high number of new properties being created through the development of land tracts throughout the north of Melbourne, first home buyers should look towards underlying property fundamentals such as location and amenity as value drivers.”
Access to public transport and proximity to schools are likely to be drivers of long-term growth in these areas, the report says.
A two bedroom unit at <a href="https://www.realestate.com.au/property-unit-vic-brunswick-124910886" target="_blank">1318/182 Edward Street</a>, Brunswick (above) has been listed for $599,000.
Similarly a two bedroom apartment at <a href="https://www.realestate.com.au/property-apartment-vic-brunswick+west-124874810" target="_blank">7/138 Melville Road</a>, Brunswick West (below) has been listed for between $520,000 to $570,000.
<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/2017/03/10/7_138%20Melville%20Road.jpg" alt="">
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Epping and Craigieburn good first home buyer targets in Melbourne's north: HTW

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Ballarat is attracting large volumes of buyers across all brackets due to its relative affordability and easy commute into Melbourne CBD, according to HTW’s Month in Review: March 2017. 
The valuation firm says inner suburbs such as Golden Point, Redan and Ballarat East provide low price points with period housing and are ripe for gentrification.
“These areas provide a good investment opportunity with good capital growth expected due to the high demand for good quality period style housing and proximity to the city centre,” the report  says.
“Young families are being drawn to the appeal of new houses in affordable locations such as Lucas, Delacombe and Winter Valley.”
HTW says that vacant land in these areas is in plentiful supply and building a new house provides an affordable option with lifestyle for young families.
But it warns that the capital growth in these areas is likely to be slow with a continuing supply of vacant land coming to the market.
“In terms of affordability for investors, Wendouree and Sebastopol provide high rental returns and a stable source of income.
“These areas are unlikely to experience large capital growth, however pockets of Wendouree are currently showing strong growth around Ballarat Grammar and Stockland Wendouree.”
A three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-ballarat+north-124977438" target="_blank">5 Rumler Court,</a> Ballarat North (above) has been listed for between $370,000 to $390,000.
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/property-unit-vic-ballarat+north-124977334" target="_blank">22/326 Walker Street</a>, Ballarat North (below) has been listed for between $199,000 to $209,000.
<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/2017/03/15/22_326%20Walker%20Street.jpg" alt="">
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Latest Buying Insights

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

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Latest Buying Insights

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

Editor's Picks

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Developments

New apartments

New townhouses

News