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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The strength of the Illawarra market since the middle of 2013 has resulted in diminished options for first home buyers, according to HTW’s Month in Review: March 2017.  
The firm says values are continuing to rise in the region, which is making it even harder for buyers to get onto the first rung of the property ladder.
“There are countless stories of young people or couples getting beaten out on purchases by investors or Sydney buyers paying above what the first home buyers could afford,” HTW says.
“There are certain locations in the Illawarra that would now be out of reach of most typical first home buyers.
“Suburbs north of Wollongong and areas around Shellharbour and Kiama would be a stretch without assistance.”
However, HTW have outlined several more affordable property types, at present in Illawarra:
<ul>
<li>For a one bedroom unit in an older complex in Wollongong or North Wollongong, expect to pay $300,000 to $350,000 or around $430,000 for a two bedroom unit.</li>
<li>For an older style dwelling in Lake Heights, Berkeley or Barrack Heights, expect to pay around $450,000.</li>
<li>A new dwelling at Calderwood or West Dapto could be purchased for approximately $550,000.</li>
<li>Older style dwellings in Nowra or Sanctuary Point are going for around $300,000 to $350,000.</li>
</ul>
A three bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-nowra-124834742" target="_blank">5 Elizabeth Avenue</a>, Nowra (above) has been listed for $350,000 and the agent states that the property is ideal as an investment property.
Similarly a vacant residential land at <a href="https://www.realestate.com.au/property-residential+land-nsw-nowra-201745182" target="_blank">21 Spring Street</a>, Nowra (below) has been listed for $310,000.
<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/2017/03/08/21%20Spring%20Street.jpg" alt="">
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-nowra-124759626" target="_blank">4 Supply Street</a>, Nowra (below) was recently sold for $325,000.
<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/2017/03/08/4%20Supply%20Street.jpg" alt="">
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jonathanchancellor-7SQnKwU6yx

Sydney investors pushing first time buyers out of Illawarra market: HTW

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A development in Sydney's Blacktown has been listed for JV or complete sale with existing DA approval for an 18 storey, 160 apartment site.
The Austcorp Property Group development, First on First, 2 - 6 First Avenue Blacktown is on the market through CBRE and Matrix Property Group.
Trevor Chappell, Austcorp Director said there is a price differential in Blacktown compared to Parramatta, where values have ballooned.
“Lucy Turnbull's Greater Sydney Commission (GSC) has designated Parramatta as Sydney's second CBD and noted it as the fastest growing CBD in the GSC's three cities concept for the Sydney metropolis," he said.
“First on First will be one of the first large scale developments in Blacktown under the new SEPP 65 rules, with high ceilings (2.7m or 9 feet), large balconies, storage for all apartments and excellent light and solar access."
 Andrew Antonas, managing director, Matrix Property Managing Director, said First on First is designed to sell at prices affordable for typical Sydney first home buyers in a vibrant CBD location next door to a major rail station.
“Blacktown is booming with its expanding employment opportunities and is an education hub with its abundant public and private schools, University and TAFE."
The project has been designed by HBO+EMTB, with apartments ranging from $450,000 - $700,000.
Expressions of Interest close March 15, 2017.
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j.ballantyne1990-6AQqhLzZaK

Blacktown's 160 apartment project is put on the market

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The Blue Mountains home of the late astrologer Richard Sterling has been snappily sold for a Katoomba residential record.
Some $1.65 million was paid for his clifftop Katoomba home at <a href="https://www.realestate.com.au/sold/property-house-nsw-katoomba-124632274" target="_blank">7 Cliff Drive</a>, ahead of its scheduled March auction and well below the average 360 days on market.
The former Australia Women's Weekly columnist paid $16,000 for the home overlooking the Jamison Valley some 49 years ago.
It set a Katoomba record as the highest non-acreage residential sale in the suburb when sold to eastern suburbs' based spiritual medium and energetic healer Dalia Isles.
Isles has pledged to maintain Sterling's zodiac garden, a landscaped hillside with pathways between terraced flower beds dedicated to the 12 star signs.
"I want Richard's legacy to continue," Isles said.
"This is my wish."
"This home and fabulous setting overlooking an enormous valley were exactly what I'd visualised just weeks before I found it."
"The property has the perfect energy for my work."
It was ofen featured on the popular gardening show Burke's Backyard.
Set on 1,277 sqm, the two storey property has five bedrooms.
It sold through Reece Coleman of Stone Double Bay in conjunction with Kim Martin of Belle Property Leura who had $1.5 million to $1.65 million price guidance.
Coleman secured the listing through a referral from a real estate agent in Tampa, Florida.
Tampa realtor Amanda Heese, also a member of prestige group Leading Real Estate Companies of the World, discovered her godmother Joy Sterling was planning to sell the home, so she contacted Coleman, who is par of the network linking over 500 top independent residential agencies across 60 countries. 
“This sale must have been written in the stars,” said Coleman.
“Dalia told us the spirits had led her to the property.”
This article first appeared in the Sunday Telegraph.
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jchancellor-FAypfDUnLy

Richard Sterling Katoomba home sold for $1.65 million

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As part of the enabling stage of the Queen Victoria Market Renewal Project, the City of Melbourne has finally revealed their plans for the former Munro site, to be developed by PDG Corporation into a mixed-use development comprising a 58-storey Bates Smart designed-tower of 308 dwellings and a 300-room hotel, after the developer was awarded the rights to develop the site on CoM's behalf. 

The Council will sell the site known as Lot B (refer plan below) which covers 93-151 Therry Street, 452-468 Queen Street and the rear 128-130 Franklin Street, to VG Property Holdings No. 6 Pty Ltd for $33m to help offset the cost of development.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/queen_vic.jpg" rel="gallery-all" title="Proposed sale of Lot B. Source: City of Melbourne Council Committe Agenda 6.10"><img alt="" class="image-article-full-width-580px" height="487" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/queen_vic.jpg?itok=mcHA-sce" title="Proposed sale of Lot B. Source: City of Melbourne Council Committe Agenda 6.10" width="580"></a>

<figcaption>Proposed sale of Lot B. Source: City of Melbourne Council Committee Agenda 6.10</figcaption></figure>In addition to the 196m tower, the Munro site will also accommodate 56 affordable housing units, a 120-place childcare facility, a maternal, child health and family services centre, a community centre and kitchen, artist spaces and a gallery. Designed by Six Degrees these various uses add up to approximately $90m in community benefits, according to council, second only to One Queensbridge Street's $100m public benefits package.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/munro-render-5-1200.jpg" rel="gallery-all" title="Th new built form proposed for the historic Munro site. Image: City of Melbourne"><img alt="" class="image-article-full-width-580px" height="326" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/munro-render-5-1200.jpg?itok=sKJwuohO" title="Th new built form proposed for the historic Munro site. Image: City of Melbourne" width="580"></a>

<figcaption>Th new built form proposed for the historic Munro site. Image: City of Melbourne</figcaption></figure>This despite the site not falling within the boundaries of the Amendment C270 planning controls which affect the Capital City Zone. Instead council has prepared Planning Scheme Amendment C245 for the Queen Victoria Market Precinct Renewal project, which would also apply to the Munro site. According to the City of Melbourne, the amendment proposes to:

<ul>
<li>Apply a public use zone to the Queen Victoria Market to reflect its ongoing importance as a community place. As a registered heritage place, development of the site will continue to be subject to permits from Heritage Victoria</li>
	<li>Protect the existing heritage sheds and the new open space from overshadowing</li>
	<li>Ensure adequate sunlight</li>
	<li>Provide environmental wind control – promoting comfortable pedestrian conditions at street level.</li>
</ul>
This will be achieved by:

<ul>
<li>Rezoning the majority of the Queen Victoria Market land and Queen Street extension that is currently zoned Capital City Zone (CCZ1) to be Public Use Zone (PUZ7)</li>
	<li>Rezoning the Queen Victoria Market car park, currently zoned Capital City Zone (CCZ1), to Public Park and Recreation Zone (PPRZ)</li>
	<li>Applying a new Schedule to the Development Plan Overlay (DPO11), which incorporates a vision and design requirements for development of land, including Council owned land, adjacent to the Queen Victoria Market</li>
	<li>Deleting existing Schedule 14 to the Design and Development Overlay (DDO14) from the Queen Victoria Market and land to which DPO11 applies</li>
	<li>Introducing revised built form controls for new development over the remainder of the area covered by the existing DDO14</li>
	<li>Amending the Built Environment and Heritage within the Hoddle Grid Policy (Clause 21.12) to delete an existing policy statement relating to the existing DDO14</li>
	<li>Amending the existing clause 22.02 Sunlight to Public Spaces to include a provision that development should not overshadow Flagstaff Gardens between 11am and 2pm on 21 June.</li>
</ul>
<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/amendment-c245-controls-map.jpg" rel="gallery-all" title="Amendment C245 planning map. Source: City of melbourne "><img alt="" class="image-article-full-width-580px" height="829" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/amendment-c245-controls-map.jpg?itok=E0smeZBn" title="Amendment C245 planning map. Source: City of melbourne " width="580"></a>

<figcaption>Amendment C245 planning map. Source: City of Melbourne</figcaption></figure>Amendment C245's proposed planning controls would allow for the creation of vital (usable) open space for the northern quadrant of the city thus adding another string to the market's bow as one of Melbourne's most visited attractions. This would be achieved by relocating car spaces to within the Munro site footprint and freeing up the the market's existing surface car park for public space.

A row of red brick strip shops will lamentably be demolished to allow for this development however the greater benefit to Melbourne lies in the $90m benefits package plus the future public open space - a minor sacrifice in the grand scheme of things.  

Just as significantly this allows for the Queen Victoria Market to enter the 21st Century from an operational perspective, which in turn will improve the market environs visually and allow it to operate more efficiently.

Like many markets around the world, the Queen Vic has suffered years of neglect and experienced periods of financial difficulty for traders, as people turned to shopping centres and supermarkets and more recently online shopping. 

I don't care how long you've been going to the market for or what movie you were in 10 years ago, the sight of vegetables and fruit dumped on the asphalt to rot in addition to pedestrians conflicting with private vehicles and forklifts is not best practice, nor is it safe or hygienic.

As a point of reference and global benchmark, Santa Caterina Market in Barcelona. Located in Barcelona’s El Born district the market designed by EMBT, re-opened in 2005 following 7 years of 'rehabilitation'.

As local residents the architects, Enric Miralles and Benedetta Tagliabue, also had a personal and emotional connection to the neighbourhood, and a had a strong desire to implement a concept which provided clear and defined open space, while respecting the history and memory of the market.

Santa Caterina Market was the first covered market in Barcelona, opening in 1848. Three sides of the white-painted masonry perimeter walls of the 1845 rectangular market structure were retained and the same granite pavers used on city streets in the neighbourhood were employed within the market interior.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/santa-catarina-market.jpg" rel="gallery-all" title="Santa Caterina Market, Barcelona. Image: EMBT"><img alt="" class="image-article-full-width-580px" height="262" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/santa-catarina-market.jpg?itok=-bm-CAES" title="Santa Caterina Market, Barcelona. Image: EMBT" width="580"></a>

<figcaption>Santa Caterina Market, Barcelona. Image: EMBT</figcaption></figure>The late Enric Miralles provided the following quote in relation to the project but I think it could quite easily apply to the QVM:

<blockquote>
The first mistake is to talk about old and new. Whatever has managed to survive into the present is current, useful, and contemporary. And it permits us to move back in time in order to continue forward. To be permanent is contrary to existence. Things are forever changing.

Therefore new buildings cover the existing ones. They mix up; they blend in order to make the best qualities of that place appear. So it is logic to use terms like conglomeration, hybrid, etc… Terms that tries to go beyond the black and white dichotomy. 
</blockquote>

It is worth noting that unlike Santa Caterina Market the Queen Victoria Market's historic sheds will be dismantled, refurbished and reinstated while works are undertaken to create a labyrinth beneath the market's sheds for waste removal and delivery of goods.

<h2>The ship has well and truly sailed with regards to towers in the precinct</h2>

Additionally, it is difficult to argue a 58-storey development on the Munro site would adversely impact the precinct when just a few metres away a wall of towers rising well over 200m, provide a backdrop to the market to the east.

Critically these towers (with more along the way) have added hundreds of residents to the area, thus making the need for additional open space, amenity and community infrastructure to service the city an even greater concern. 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/munro-render-2-1200.jpg" rel="gallery-all" title="The 58-storey tower in context. Image: City of Melbourne"><img alt="" class="image-article-full-width-580px" height="326" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/munro-render-2-1200.jpg?itok=ibkT6sim" title="The 58-storey tower in context. Image: City of Melbourne" width="580"></a>

<figcaption>The 58-storey tower in context. Image: City of Melbourne</figcaption></figure>With overshadowing of the Flagstaff Gardens and the new public square prohibited during the relevant times as outlined in the planning controls, the fear of overshadowing of the historic market sheds and halls is a non-issue as development sites are located largely south of the Public Use Zone.

Likewise this notion of the market becoming a high-end supermarket or shopping centre is a baseless assumption doctored up by those fearful of change. 

Overall, I believe the Munro development is a step in the right direction and necessary in order to deliver a long-term vision for the future of the Queen Victoria Market, which has been long neglected and ensure it remains viable for generations to come.

The design team comprising Bates Smart and Six Degrees under the stewardship of Director City Design Prof. Rob Adams, should ensure a quality outcome for such a significant site while further adding to the fabric of the Market Precinct.

If One Queensbridge set the precedent for public benefit outweighing planning requirements then the Queen Victoria Market Precinct should be judged on its merits. If ever there was a site that deserved recognition or classification as a site of state significance it's the Queen Victoria.

In fact it could be argued the market itself is a public benefit.    
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Laurence Dragomir

The Queen Victoria Market Renewal Project: The Case for

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Celebrity television renovation show stylist and former Vogue Living editor Robyn Holt and her husband, the actor Jim Holt sold their Woollahra home last March for $3.75 million to the Wang family.
The property was pulled unsold from the weekend's damp auction, just 12 months on from its bullish sale.
The top pre-auction offer was advised as $4.025 million.
This week it was suggested Sydney house prices had rocketed 18 percent over the past 12 months, though clearly not if you overpaid then.  
Designed by renowned 1930s architect F. Glynn Gilling, the three bedroom home has a private courtyard garden on its 250 sqm Wallaroy Road holding.
The Holt's had bought from DSC Personnel boss Tom Smith for $1.71 million for 2002, shortly before the family moved to Russia following Robyn's appointment as chief executive of Conde Nast to launch Vogue Russia. 
They have recently relocated to a $1.175 million Exeter, Southern Highlands retreat, along with an $880,000 bolthole in the Rex at Kings Cross.
This article first appeared in the Sunday Telegraph.
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Woollahra home back for sale after one year 

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Fox Footy League Teams co-host Paul Roos, the former Sydney Swans coach and wife Tami have snappily sold their redundant Coogee apartment for $3.1 million.
Mark McPherson and Emilee Tayyara at McGrath Coogee exchanged contracts on the whole-floor penthouse style apartment following its first open for inspection.
Paul was flying in from Hawaii and managed to sign the papers at the airport on his interconnecting flight to back to his Brighton, Melbourne base.
Paul and Tami bought the 247 sqm <a href="https://www.realestate.com.au/sold/property-apartment-nsw-coogee-124789250" target="_blank">2/28 Arcadia Street</a> apartment in 2015, spending $2,165,000 on the Allen Jack+Cottier designed space.
The couple who divide their time between Hawaii and Melbourne spent $3.85 million when upgrading from Elwood last year.
This article first appeared in the Daily Telegraph.
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Former Sydney Swans coach Paul Roos sells Coogee apartment for $3.1 million

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A five bedroom house with Sydney Harbour Bridge views at McMahons Point sold for $9.38 million, it was the highest priced result at the weekend auction.
Located at <a href="https://www.realestate.com.au/sold/property-house-nsw-mcmahons+point-124619422" target="_blank">3A Warung Street</a>, the property is placed in a prized waterfront enclave.
It has a tri-level design to incorporate a sequence of living areas including a sunlit alfresco entertaining with harbour views.
There is a gourmet Caesar stone kitchen along with stainless steel gas fittings.
The master bedroom has an ensuite.
Other features include underfloor heating, open fireplace and dual parking.
The property was offered through McGrath agents Peter Shiplee and Nigel Mukhi who suggested it was Sydney's lower north shore highest auction result this year.
After nine contracts were issued, just two interested parties competed for the home which was passed in at $9.1 million. It sold post auction to a couple reportedly downsizing from Hurstville.
The sale was well above the suburb's median of $2.305 million and more than double the highest sale of $4.25 million recorded in McMahons Point last year.
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McMahons Point harbour view house sold for $9.38 million 

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A fire damaged house at Melton West has been sold for $190,000, the cheapest weekend auction result across the country.
Located at <a href="https://www.realestate.com.au/sold/property-house-vic-melton+west-124683038" target="_blank">52 Chelmsford Way</a>, the six bedroom property sits on a 682 sqm block.
It was offered with potential for dual occupancy STCA.
The property is located less than a kilometre from Melton Waves and less than two kilometres from Woodgrove shopping centre.
It has potential for either a home or high rental property after repairs.
The property, offered through Professionals agent Travis Bawden, last traded at $200,000 in 2002.
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Fire damaged six bedroom Melton West house sold for $190,000

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The current Essendon captain, Dyson Heppell and a former club captain Matthew Lloyd both secured post auction sales for their Melbourne investment properties on the weekend.
Dyson Heppell’s three-bedroom <a href="https://www.realestate.com.au/sold/property-house-vic-moonee+ponds-124554446" target="_blank">Moonee Ponds terrace</a> (above) fetched $1.44 million after being passed in at $1.35 million to its only bidder.
The 1880s Chaucer St offering had cost $1,065,000 in 2013.
It then became a $700 a week rental property.
Matthew Lloyd’s three-bedroom 1890s <a href="https://www.realestate.com.au/sold/property-house-vic-albert+park-124659998" target="_blank">Albert Park cottage</a> (below) sold for $1.85 million after it passed in on a vendor bid of $1.8 million at its Greg Hocking Holdsworth auction.
 <img src="https://www.urban.com.au/images/2017/03/06/Screen%20Shot%202017-03-06%20at%209.01.13%20AM.png" alt="">
Renovated in 2007, it last sold at $1,477,500 in 2010. It became a $1000 a week rental property for the then recently retired champion.
"I thought what better place to invest than Albert Park," he told the Herald Sun.
“I was looking there and found a renovated property where I didn’t have to do any work and could rent it out.”
Heppell secured just over nine percent annual price growth during his three plus years while Lloyd achieved three percent annual growth during his six years.
No renovation work had been done by Heppell, while Lloyd recently put in a new bathroom, redid the floors and had given the whole house a repaint.
A five bedroom house with Sydney Harbour Bridge views at McMahons Point sold post-auction for $9.38 million, the highest priced result at weekend auctions across Australia.
Located at <a href="https://www.realestate.com.au/sold/property-house-nsw-mcmahons+point-124619422" target="_blank">3A Warung Street</a>, (below) the tri-level property is set in a prized waterfront enclave.
<img src="https://www.urban.com.au/images/2017/03/06/Screen%20Shot%202017-03-06%20at%209.02.18%20AM.png" alt="">
The property was offered through McGrath who suggested it was Sydney's lower north shore highest auction result so far this year.
After nine contracts were issued, just two interested parties competed for the home which was passed in at $9.1 million.
It sold post auction to a couple reportedly downsizing from Hurstville, according to Domain. 
Another highlight in Sydney saw the waterfront <a href="https://www.realestate.com.au/property-house-nsw-balmain-124589878" target="_blank">1870s Balmain home</a> (below) of anthropology academic, Professor Richard Wright fetch $6.1 million, well above its $5.5 million reserve, when offered for the first time in more than five decades.
<img src="https://www.urban.com.au/images/2017/03/06/Screen%20Shot%202017-03-06%20at%209.03.37%20AM.png" alt="">
A four bedroom 1920s Toorak home sold for $5.5 million was the highest priced result in Melbourne at the weekend auctions.
Located at <a href="https://www.realestate.com.au/property-house-vic-toorak-124623202" target="_blank">684 Orrong Road</a>, below) the property set on 877 sqm of land had last traded almost 50 years ago.
<img src="https://www.urban.com.au/images/2017/03/06/Screen%20Shot%202017-03-06%20at%209.04.28%20AM.png" alt="">
It was marketed with a price guide of $4 million plus through Marshall White agents Richard Mackinnon and Fraser Cahill.
The solid brick residence was marketed as available for immediate residency, renovation or development as apartments or townhouses.
It features leadlight windows, beamed ceilings and timber floors beginning from its reception hall.
Auction results continue their strong run into March, with the east coast auction engine rooms, Sydney and Melbourne recording an 80% clearance rate, according to CoreLogic’s latest report.
SQM Research Louis Christopher said the weekend results showed that buyer demand was holding up even as more sellers come back into the market.
The property data firm says that the preliminary clearance rate across the combined capital cities fell slightly, from 78.4 per cent to 77.8 per cent, based on preliminary results.
The number of auctions held across the capitals was lower, with 2,714 held, compared to 3,301 over the previous weekend which was a record high for February.
"In comparison, over the corresponding weekend last year, both the combined capital city clearance rate and the number of auctions were lower, with 2,304 auctions held and 68.6 per cent reported as successful," Kevin Brogan, CoreLogic's auction commentator said. 
Sydney saw the clearance rate remain above 80 per cent for the fourth week in a row, and Melbourne for the second week in a row, while across the remaining cities; week-on-week results show a fall in clearance rates with the exception of Perth where results improved, and Tasmania, which remained unchanged over the week.
Melbourne was host to 1,399 auctions and preliminary results show a clearance rate of 80.4 per cent, down slightly from last week’s final clearance rate of 81 per cent across 1,635 auctions.
At the same time last year, Melbourne’s clearance rate was 72.1 per cent, with 1,236 auctions held across the city.
Melbourne’s Inner region was the busiest for auctions with 295 homes going under the hammer, followed by Inner South (260) and Inner East (179).
The North East region was the best performer in terms of Melbourne clearance rates, with an 87.6 per cent success rate across 133 auctions.
The REIV president Joseph Walton said he summer auction market, from December to February, has delivered the highest number of auction sales on record with close to 5,600 homes sold under the hammer.
Sydney’s preliminary auction clearance rate increased to 80.5 per cent from 80 per cent last week.
Auction volumes were lower this week with 886 homes taken to auction, compared to 1,210 last week.
The same weekend last year had a clearance rate of 68.7 per cent was recorded across 708 auctions.
The performance across Sydney’s regions was varied - across the South West region with a clearance rate was 66 per cent to the City and Inner South (88 per cent) and also the Northern Beaches (88 per cent).
Across Brisbane, the clearance rate was 59 per cent, down from 62 per cent but higher than one year ago (50 per cent).
Auction volumes were also down with 148 auctions, compared to 176 last weekend and a lower 133 last year.
Hendra had the top price when $3.5 million was paid for a <a href="https://www.realestate.com.au/property-house-qld-hendra-124694682" target="_blank">five bedroom home</a> (below) rich in original features.
<img src="https://www.urban.com.au/images/2017/03/06/Screen%20Shot%202017-03-06%20at%209.05.29%20AM.png" alt="">
It was marketed by Ray White Real Estate as a modern Queenslander.
A total of 120 auctions were held in Adelaide, down from 122 last weekend, although higher than last year (99).
Preliminary results show 69 per cent sold, down from the prior 71 per cent when the city recorded the highest clearance rate for the year to date.
The preliminary clearance rate for Perth was 36 per cent, compared to 30 per cent last weekend and 21 per cent last year.
Canberra’s clearance rate fell to 70 per cent, after being recorded at 76 per cent last weekend.
There were 116 auctions held across Canberra, up from 103. 
An auction in Forde set a $1.4 million suburb record by $130,000, according to Domain.
<img src="https://www.urban.com.au/images/2017/03/06/Screen%20Shot%202017-03-06%20at%209.06.32%20AM.png" alt="">
It was a <a href="https://www.realestate.com.au/sold/property-house-act-forde-124693566" target="_blank">five bedroom offering</a> (above) on an 800 sqm block at 3 Arndt Street.
One year ago, 67 percent of Canberra’s 88 auctions cleared.
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Bomber Dyson Heppell sells in Moonee Ponds after weekend auction 

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Sentry Rock, the Hawkesbury River log cabin listed by the horse racing couple, Bob and Wendy Lapointe, is under offer.
They had $5 million expectations through Ray White Windsor agent Peter Chidgey for the <a href="https://www.realestate.com.au/property-house-nsw-spencer-124588930" target="_blank">Wiseman’s Ferry</a> retreat ahead of this week's scheduled auction.
They have owned the log cabin since 2011 when they paid $1.45 million for the retreat built by the late Sydney stockbroker, Rene Rivkin. 
It has been extensively expanded and renovated including a central spiral staircase which the Lapointe's imported from the United Kingdom.  
Rene Rivkin built it as a three bedroom house in the late 1990s but the Lapointes have added an extra wing.
Built by Appalachian Log Homes, the cabin was a favourite getaway for Rivkin, who used to fly or boat into the secluded riverfront location, set 60km North West of Sydney CBD.
"When Captain Arthur Phillip and his crew explored the Hawkesbury River in the 1780’s they came across a prominent, vertical slab of sandstone," the agent said.
"They gave this landmark the name Sentry Rock," he noted.
The Sentry Rock property is located on ten acres of flood free riverfront land with its main master craftsman built of Cypress log structure with cathedral ceilings and two separate bedroom wings.
All six bedrooms, four with ensuites, have views of the bushland and river. 
With no neighbours in sight on the Wisemans Ferry Road or on the other side of the river, the new owners will enjoy absolute privacy. 
The garden has an installed water fall and lily pond.
The riverside entertainment area comes with wood fired pizza oven, BBQ area and fire pit close to a sandy beach, boat ramp as well as a 33m x 7m munitions barge permanently moored for large deep water boat access.
The Lapointe's retain Muskoka Farm stud which is further down the road at Gunderman. 
Lapointe came to Australia when 26, later importing Kentucky Fried Chicken, Pizza Hut and Sizzler.
This article first appeared in the Sunday Telegraph.
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