Longstanding Gold Coast and Canberra developer <a href="https://www.apartments.com.au/developers/morris-property-group">Morris Property Group</a> is continuing to roll on with its Glitter Strip apartment pipeline, seeking to return to Mermaid Beach with a new 68-apartment development.

Morris, founded by Barry Morris in 1978 and one of the Gold Coast’s most prolific apartment developers over the past two decades, has filed plans for a 12-storey mixed-use building at <a href="https://www.apartments.com.au/new-apartments/36-seabeach-avenue-mermaid-beach-qld-4218">34-36 Seabeach Avenue</a>, on the prized eastern side of the Gold Coast Highway.

The 1,227 sqm site occupies a prominent corner position at Seabeach Avenue and the Gold Coast Highway, opposite the Mermaid Plaza retail and office precinct and around 140 metres walking distance from the future Mermaid Beach South light rail station.

<a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser &amp; Partners</a> has designed the project, which will comprise 68 apartments across a mix of 48 two-bedroom and 20 three-bedroom residences.

The building will rise 12 storeys, reaching a maximum height of 36 metres, with the apartments accounting for a total of 156 bedrooms. The development application also seeks approval for short-term accommodation across the 68 apartments, while two office tenancies are proposed at ground level.

The plans show 108 car spaces across the development, with parking accommodated at ground level and within a three-level basement accessed from Seabeach Avenue.

<img alt="Seabeach Avenue and the Gold Coast Highway" data-entity-type="file" data-entity-uuid="c2175c99-12fd-4a3c-9be1-89bbf258a90d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-20%20at%202.59.41%E2%80%AFPM_0.png?VersionId=iNLzWcE6gaAE76rafhEXfHve.4g4Se0p" />

Resident amenity will be concentrated on level two, where Fraser &amp; Partners has designed a recreation deck with a swimming pool, 90 sqm pool terrace, outdoor barbecue area and gym.

The broader communal offering will also incorporate landscaped spaces, with the planning documents noting the amenity has been designed to provide areas for recreation, social interaction and outdoor living.

The proposal would continue the transformation of the Gold Coast Highway corridor through Mermaid Beach ahead of the arrival of the light rail.

The site is zoned Neighbourhood Centre and sits within the Mermaid Beach/Broadbeach Light Rail Corridor neighbourhood plan. While the prescribed building height is 24 metres, the site is identified within an Urban Neighbourhood context providing for a 50 per cent height uplift to 36 metres.

Planning documents describe the stretch of the Gold Coast Highway between Broadbeach and Nobby Beach as increasingly characterised by medium and high-rise development, with the proposed Morris tower joining projects including Ventura, The Alfred, Oceans and Otto.

<img alt="Seabeach Avenue and the Gold Coast Highway" data-entity-type="file" data-entity-uuid="911f193f-e381-4a55-be08-58be87fcf978" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-20%20at%202.59.48%E2%80%AFPM.png?VersionId=oxVvLJaY.SOXEdXrIcogfyEXDfvCmmpM" />

The development would mark Morris Property Group's latest investment in Mermaid Beach, where it has already delivered two apartment projects.

Otto, at 1 Bondi Avenue on the western side of the Gold Coast Highway, comprises 70 apartments across nine storeys. The project was completed in 2019 and includes a residents' gym, recreation deck and swimming pool.

Morris also developed Oceans at 46 Ocean Street, a nine-storey, 70-apartment build-to-rent development completed in 2019. Oceans was the group's first build-to-rent project and incorporates commercial space at ground level.

The two existing Morris projects sit further north along the same Gold Coast Highway corridor as the proposed Seabeach Avenue development. Fraser &amp; Partners' planning analysis specifically identifies both Otto and Oceans among the established built-form precedents surrounding the site.

<img alt="Seabeach Avenue and the Gold Coast Highway" data-entity-type="file" data-entity-uuid="14925119-7b71-4812-8149-340317512c7c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-20%20at%203.00.15%E2%80%AFPM.png?VersionId=aEJqYuw_nTCjcin17BSD0piB1EFotTlj" />

Mermaid Beach represents only part of Morris' considerable Gold Coast footprint.

The family-owned developer has been particularly active in neighbouring Broadbeach, delivering projects including Sierra Grand, Eclipse, Synergy, Qube, Koko, Opus and Malo, while its current pipeline includes Maison and the two-tower Crest development.

Further south, Morris has also developed a string of projects in Burleigh Heads, including Element, Boardwalk and Sandbar, while Essentia expanded its footprint north into Surfers Paradise.

The Seabeach Avenue application has been lodged by PMM Broadbeach Pty Ltd and seeks a development permit for a Material Change of Use for multiple dwellings, short-term accommodation and office uses. Zone Planning Group prepared the planning application, with Fraser &amp; Partners commissioned as architect.

The project comes as the developer continues to expand its Gold Coast pipeline while retaining a significant presence in Canberra. Morris now has more than $2.5 billion of development in its national pipeline and has delivered more than 7,000 homes during its near five-decade history

Joel Robinson

First look: Morris Property Group returns to Mermaid Beach with new Seabeach Avenue apartment development

<a data-saferedirecturl="https://www.google.com/url?q=https://www.apartments.com.au/developers/fortis&amp;source=gmail&amp;ust=1787272340808000&amp;usg=AOvVaw3hvFB2uWTRfEyEcpTSnnK9" href="https://www.apartments.com.au/developers/fortis" target="_blank">Fortis</a>&nbsp;is continuing its stronghold on Sydn​ey’s eastern suburbs apartment market, launching&nbsp;in September&nbsp;its latest boutique&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://www.apartments.com.au/developments/double-bay-nsw-2028&amp;source=gmail&amp;ust=1787272340808000&amp;usg=AOvVaw0GI5S9-wNeiLUnM-d1uYkw" href="https://www.apartments.com.au/developments/double-bay-nsw-2028" target="_blank">Double Bay</a>&nbsp;development,&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://www.apartments.com.au/new-apartments/55-william-double-bay-55-william-street-double-bay-nsw-2028&amp;source=gmail&amp;ust=1787272340808000&amp;usg=AOvVaw2YNouJQcFjiTTgVHbgDLA-" href="https://www.apartments.com.au/new-apartments/55-william-double-bay-55-william-street-double-bay-nsw-2028" target="_blank">55 William</a>.

55 William presents&nbsp;just eight north-facing&nbsp;two-bedroom, three-bedroom and full-floor&nbsp;residences to the market, priced from $4.5 million.

The upcoming launch comes just weeks after Fortis secured approval for the $80 million development, its third eastern suburbs approval in two months. Construction is already underway, with completion targeted for 2028.

[smartcode_project:default project_id=152579 project_image_fid=376250]

55 William adds to a growing concentration of Fortis projects in and around Double Bay, a market the developer has become increasingly active in over recent years.

Fortis previously completed the nine-residence Marmont on New South Head Road, while it is currently developing a mixed-use residential and retail project at 12 Cross Street. Its wider Double Bay footprint also extends into commercial and retail development.

The developer's broader Sydney residential pipeline is particularly concentrated across the eastern suburbs, with projects spanning Doub​le Bay, Ro​se Bay, Wo​ollahra, Dar​ling Point, Poi​nt Piper and Eli​zabeth Bay.

[smartcode_project:default project_id=152579 project_image_fid=376253]

At 55 William, Fortis has again turned to MHN Design Union, the architecture practice behind several of its eastern suburbs projects, while London-based 1508 London has been appointed to handle the interiors and Wyer &amp; Co the landscaping.

The six-level building will comprise a combination of two and three-bedroom apartments, including a garden residence, full-floor apartments, a sub-penthouse and penthouse. Each residence will have secure basement parking and private outdoor space.

A rooftop terrace for all residents, along with select apartments, enjoys views across Double Bay Harbour and toward the Sydney skyline.

Ceiling heights will reach up to three metres&nbsp;in select residences, while the kitchens will feature natural stone and integrated Gaggenau appliances.

&nbsp;

&nbsp;

The boutique nature of the project reflects the type of stock Fortis has increasingly targeted across Sydney's eastern suburbs, where larger apartments and smaller buildings are being pitched primarily toward local owner-occupiers and downsizers.

Fortis Group General Manager Ed Eve said the developer continues to see demand from buyers wanting to remain in the eastern suburbs but move into newer, lower-maintenance housing.

“We're seeing continued demand from local owner-occupiers and downsizers looking for high-quality homes that allow them to remain in the eastern suburbs, close to the lifestyle and community they know,” Eve said.

55 William is also one of the early projects to respond directly to the NSW Government's Low and Mid-Rise Housing reforms. Fortis had previously secured approval for just two townhouses on the 599 sqm site before revising the scheme to eight apartments following the planning changes.

Situated one street back from Double Bay's water's edge, the project enjoys an enviable harbourside setting within walking distance of Double Bay Village and the ferry wharf.

[smartcode_project:default project_id=152579 project_image_fid=376252]

Fortis has increasingly made the eastern suburbs a major focus of its Sydney pipeline. Beyond Double Bay, it recently completed the 14-residence Piper in Point Piper and has projects underway or planned across Rose Bay, Woollahra and Darling Point.

The developer recently secured approval for Verano in Rose Bay, a six-level development comprising 21 two, three and four-bedroom apartments, also designed by MHNDU.

55 William&nbsp;is soon to be release to the market with VIP appointments commencing early September,&nbsp;with residences priced from $4.5 million.

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Fortis continues eastern suburbs push with 55 William launch

UAE-based developer Arada has unveiled plans for a $2 billion twin-tower apartment development in Broadbeach, marking its first move into Queensland as it continues its rapid expansion across Australia.

Arada will develop 952 apartments across two towers on a prominent site opposite the Gold Coast Convention and Exhibition Centre, with the project targeted for completion ahead of the Brisbane 2032 Olympic and Paralympic Games.

The project represents Arada's largest commitment to the Australian market since arriving in the country in 2024 and significantly expands a local pipeline that has now grown to eight projects and more than 5,000 homes.

It will also be the first major Queensland project delivered by Roberts Co since the tier-one contractor was acquired by Arada Group in 2025.

Plus Studio has designed the Broadbeach development, which will comprise one, two and three-bedroom apartments across two towers connected by a landscaped podium.

A significant resident amenity offering will include lagoon and lap pools, a gym, sauna and steam room, alongside a mist room, infrared room and salt scrub facilities. Communal terraces, private dining areas, a library, residents' lounge and work-from-home spaces are also planned. Around 1,200 sqm of retail and hospitality space will occupy the ground floor.

The site puts Arada in one of the Gold Coast's most active apartment markets, directly opposite the convention centre and within walking distance of Pacific Fair, The Star Gold Coast and Broadbeach's dining and retail precinct.

It also has immediate access to the Gold Coast light rail network and sits just a few blocks from the beach.

Arada Group Chief Executive Ahmed Alkhoshaibi said Broadbeach represented an opportunity for the developer to expand beyond its initial NSW pipeline.

“Broadbeach is a world-class address that gives us the canvas to create a community of exceptional design and lifestyle quality that genuinely enriches the daily lives of the people who call it home,” Alkhoshaibi said.

“This is our first development outside New South Wales, and it reflects our growing ambition to grow in key urban markets around the country.”

Alkhoshaibi said bringing Roberts Co into the project would give Arada greater control over the development and construction process.

“Delivering this project through Roberts Co, our own tier-one construction business, means we can bring the quality, pace and accountability that our buyers expect.”

The move into Broadbeach comes as Arada accelerates its Australian expansion following its entry into the market two years ago. The developer has assembled a pipeline of eight projects comprising more than 5,000 homes, while the acquisition of Roberts Co last year gave the group its own Australian construction capability.

Globally, Arada has a development portfolio valued at $50 billion comprising more than 55,000 homes across the UAE, United Kingdom and Australia.

The Gold Coast is emerging as the next major market for the developer, with strong population growth and infrastructure spending ahead of the 2032 Games continuing to underpin significant apartment development across the coastal strip.

Arada plots $2 billion Broadbeach towers in major Queensland move

Sydney’s downsizer market is changing, with a growing cohort of buyers prioritising the right home over simply finding a smaller one.

Coronation Property Head of Sales Cam Porter says the traditional idea of downsizing does not necessarily reflect what many buyers are now looking for, particularly those moving from established family homes across Sydney.

Instead, he says they are increasingly becoming “right-sizers”, seeking lower-maintenance homes without sacrificing the space, amenity or quality they have become accustomed to.

“We are increasingly seeing buyers who are not motivated by the idea of simply moving into a smaller property,” Porter says.

“They are right-sizers. They want a home that is easier to manage and better connected, but they still expect generosity, quality and a floorplan that supports the way they live.”

It is a subtle but important distinction in a market where apartment developers are increasingly targeting established owner-occupiers.

[smartcode_project:default project_id=135149 project_image_fid=377495]

For many of these buyers, moving from a house to an apartment is not driven by a desire to dramatically reduce their living space. Instead, the appeal is in removing some of the maintenance associated with a larger home while retaining generous living areas, storage and enough flexibility to accommodate family and friends.

Coronation’s sales team is seeing buyers place particular importance on natural light, practical storage and additional rooms that can be used as guest bedrooms, home offices or secondary living spaces.

Kitchens and dining areas are also playing an increasingly important role, particularly for buyers who regularly entertain or have children and grandchildren visit.

[smartcode_project:default project_id=135149 project_image_fid=377494]

“These buyers still want their home to feel generous,” Porter says.

“They may want less maintenance, but they are not looking for less life.”

The challenge for the broader housing market is providing enough of the right stock to encourage that move.

While much of the discussion around Sydney’s housing shortage has centred on the number of homes being delivered, Porter says the diversity of those homes is equally important.

Older homeowners can remain in large family houses for longer when they cannot find an appropriate alternative in the neighbourhoods where they have built their lives.

“The decision is rarely as simple as wanting fewer bedrooms,” Porter says.

“People are weighing up their connection to a neighbourhood, the space they need for family, the quality of the home and whether it will continue to work for them over the long term.”

It also has implications beyond the downsizer market. Providing suitable apartments for smaller households can free up established houses for families who need the additional bedrooms and land, creating greater movement through the housing market.

<h2>Lillian targets the next stage of apartment buyer</h2>

It is a buyer Coronation is targeting at <a href="https://www.apartments.com.au/new-apartments/lillian-erskineville-9-metters-street-erskineville-nsw-2043">Lillian</a>, its new collection of apartments, terraces and penthouses at Erskineville Village.

Designed by Silvester Fuller, Lillian has been shaped around larger living spaces, natural light and flexible floorplans, alongside landscaped areas, wellness amenity and communal spaces for residents.

The development will form part of Coronation’s broader Erskineville Village precinct, which will combine new homes with green space, retail, hospitality and new pedestrian connections.

[smartcode_project:default project_id=135149 project_image_fid=377688]

McPherson Park will sit at the centre of the precinct, creating a significant new green space alongside the project’s retail and hospitality offering.

For Porter, the opportunity is to give buyers another housing option without forcing them to leave the part of Sydney they already know.

“People should be able to change the type of home they live in without having to change their entire life,” he says.

“For many buyers, Lillian offers the opportunity to remain connected to the Inner West and the city, while gaining access to a more convenient, walkable and considered way of living.”

[smartcode_project:default project_id=135149 project_image_fid=377687]

Coronation will explore the changing <a href="https://lillianresidences.com.au/news/lillian-x-space-x-downsizers-event-27-august/">right-sizer market at an event on August 27</a>, bringing together experts across property, design and lifestyle.

Held in partnership with SPACE, Poliform and Downsizer.com.au, the event will include a property market outlook from economist Michael Blythe alongside discussion around the considerations facing buyers planning their next move.

Attendees will also be able to learn more about the residences and amenity planned at Lillian Erskineville.

[smartcode_project_cta:default project_id=135149]

From downsizing to right-sizing: What Sydney buyers want from their next home

Family-owned builder and developer <a href="https://www.apartments.com.au/developers/omaya">Omaya</a> is bringing its 27-storey The Maybelle development to market, with the 229-apartment tower rising alongside Ismay Reserve near North Strathfield.

<a href="https://www.apartments.com.au/new-apartments/the-maybelle-21-parramatta-road-homebush-nsw-2140">The Maybelle</a> will comprise one, two and three-bedroom apartments, with its height providing elevated outlooks towards the Sydney skyline and Harbour Bridge, while other residences will look across neighbouring Ismay Reserve.

Designed by <a href="https://www.apartments.com.au/architects/squillace-architects">Squillace Architects</a>, the tower combines its parkside setting with proximity to the established retail, dining and transport amenity around North Strathfield.

[smartcode_project:default project_id=134873 project_image_fid=376196]

Residences will feature open-plan living spaces and a choice of two interior schemes, while communal amenity is spread across two elevated levels of the building.

Level 8 will be home to the Garden Pavilion, a full-floor resident space incorporating communal entertaining and breakout areas, seating and recreation spaces. Further up the tower, a landscaped Sky Terrace on Level 14 will provide another communal area with panoramic views towards the Harbour Bridge and Sydney skyline.

At ground level, the development sits directly alongside Ismay Reserve, where lawns, walking paths, children's play areas, picnic spaces and recreational facilities extend the green space available immediately around the project.

[smartcode_project:default project_id=134873 project_image_fid=376194]

The Maybelle is also within walking distance of North Strathfield and the Bakehouse Quarter, which provides a mix of cafés, restaurants, shops and everyday services.

Existing rail and bus services provide connections across Sydney, while the future North Strathfield Metro and access to the M4 will add to the transport options available around the precinct. Walking and cycling routes also extend via Powells Creek towards Sydney Olympic Park and its sporting, entertainment and parkland precincts.

Families are also well positioned for access to a broad selection of established schools and education options across Strathfield and the surrounding Inner West.

[smartcode_project:default project_id=134873 project_image_fid=376181]

Omaya has operated in Sydney for more than 35 years, managing projects from acquisition and design through to construction and delivery. The family-owned company is both developer and builder of The Maybelle.

Apartments start from $560,000, with the development protected by 10-year Latent Defects Insurance.

Construction is well underway, with completion expected by the end of 2026 and move-in anticipated from Q1 2027.

[smartcode_project_cta:default project_id=134873]

The Maybelle brings 27-storey parkside tower to market near North Strathfield

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>

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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?

For most Australians, buying an apartment is one of the biggest financial decisions they'll ever make

The location, floorplan and price are often the first considerations, but in recent years another question has become increasingly important: who is actually delivering the project?

A series of high-profile builder collapses, construction delays and defect concerns have fundamentally changed how many Victorians approach buying off the plan. The collapse of Porter Davis in 2023, which reportedly left around 1,700 homes unfinished, became one of the most visible examples of the risks that can emerge when a construction company fails. <a href="https://www.equifax.com.au/sites/default/files/lpassets/pdf/Final-Business-Market-Pulse-June-Sector-Deep-Dive-Report-2.pdf">Similar challenges across the broader construction sector</a> have left buyers asking more questions before signing a contract.

As Victoria continues encouraging higher-density housing to address supply shortages, transparency is becoming just as important as location or price.

One tool increasingly entering the conversation is the <a href="https://icirt.com/">Independent Construction Industry Rating Tool (iCIRT)</a>, an independent assessment framework designed to help buyers better understand the developer or builder behind a project. Originally developed by Equifax in consultation with government and industry as part of NSW's Construct NSW reforms, the system has since expanded nationally.

<h2 data-end="1519" data-section-id="7nmx3" data-start="1492">What is an iCIRT rating?</h2>

Most Australians are familiar with independent ratings in everyday life.

We compare ANCAP safety ratings before buying a car. We look at Health Star Ratings in supermarkets. Banks rely on credit assessments when lending money.

Until recently, however, there has been very little independent information available to help apartment buyers assess the business responsible for delivering a residential project.

That gap is what iCIRT was designed to address.

Builders, developers and other construction professionals with an iCIRT rating have demonstrated high-trust characteristics through an independent, evidence-based assessment across six criteria: Character, Capability, Conduct, Capacity, Capital and Counterparties. This involves a rigorous review of financial health, past project track record, and ethical conduct. Crucially, an iCIRT rating could help provide property buyers with confidence that they are working with a professional who has demonstrated the capability, capacity, and willingness to return and rectify issues.

Importantly, iCIRT is not a recommendation to purchase a particular property, nor is it a traditional credit rating. It is an independent assessment framework designed to provide objective information about a construction business using a <a href="https://icirt.com/sites/default/files/2025-08/iCIRT-Methodology-Issue1-May-2021.pdf">published methodology</a>.

The system has been widely adopted in New South Wales, where more than one-third of medium and large residential builders and developers now hold an iCIRT rating, representing over two-thirds of the state's residential building market by value as of 2025/26.

<h2 data-end="3126" data-section-id="h6ohtj" data-start="3084">Why buyers are doing more due diligence</h2>

For many buyers, particularly those purchasing off the plan, the biggest risk isn't whether they'll like the kitchen finishes.

It's whether the project will be delivered on time, to the expected quality, and by a company capable of completing the development.

<a href="https://icirt.com/sites/default/files/2026-07/iCIRT%202025%20Consumer%20Survey%20Report%20v05.pdf">Consumer research commissioned by iCIRT</a> found more than half of respondents believed current protections do not adequately safeguard buyers from builder insolvencies or defective projects. Other research found 88 per cent of prospective buyers would seek independent ratings or due diligence before purchasing, while 90 per cent said trust in construction professionals is essential.

That doesn't mean buyers should rely on a single rating alone.

Independent legal advice, understanding the contract, and seeking financial advice all remain important parts of the due diligence process.

However, an independent assessment can provide another source of information alongside those traditional checks.

<h2 data-end="4138" data-section-id="pquzxc" data-start="4094">Trust is becoming a competitive advantage</h2>

The conversation isn't only changing for buyers.

Developers are also recognising that trust has become an increasingly important part of the sales process.

Five years ago, purchasers typically asked about floorplans, finishes and settlement dates.

Today, sales teams are increasingly being asked about the developer's experience, financial stability, previous projects and construction partners.

For companies with strong governance and established delivery records, an independent iCIRT rating provides another way to demonstrate those credentials before buyers even visit a display suite.

According to Equifax, the assessment can also help businesses drive sales and <a href="https://icirt.com/resources-for-business/icirt-rating-helps-scion-secure-high-value-projects">secure high-value projects</a>, as well as identify operational improvements and <a href="https://icirt.com/resources-for-business/mirvac-reinforces-brand-trust-and-quality-independent-icirt-rating">attract top talent</a>.

<h2 data-end="4962" data-section-id="1j54ng5" data-start="4912">Beyond buyers: lenders are paying attention too</h2>

The influence of independent construction ratings is also extending beyond consumers.

According to Stamford Capital's Real Estate Debt Capital Markets Survey, an increasing number of lenders now incorporate iCIRT ratings into their due diligence processes when assessing residential development finance applications.

The survey found lender adoption has continued to rise, with many respondents saying independent assessments provide additional insight into governance, counterparties and delivery capability beyond traditional financial analysis. Some lenders also reported declining funding applications where businesses had poor or no ratings.

As construction costs remain elevated and access to development finance becomes more selective, demonstrating credibility is becoming increasingly valuable.

<h2 data-end="5801" data-section-id="1qazuxs" data-start="5772">What it means for Victoria</h2>

Victoria's apartment market is entering a new phase.

The state is seeking to accelerate higher-density housing while simultaneously introducing reforms aimed at improving confidence in residential construction.

For buyers, that means there are more tools available than ever before to research the businesses behind a project.

For developers, it signals that transparency is becoming another point of differentiation in an increasingly competitive market.

Buyers are asking more questions than ever before and increasingly expecting independent information, not just marketing material, before making one of the biggest financial commitments of their lives.

Find out how to get iCIRT rated <a href="https://www.icirt.com/sites/default/files/2025-08/iCIRT-Infographic-Assessment-Process-Final.pdf">here</a>.

<hr data-end="6469" data-start="6466" />
The information contained in this article is general in nature and does not constitute personal, financial, legal or tax advice. It does not take into account your personal objectives, financial situation or needs. Therefore, you should consider whether the information is appropriate to your circumstances before acting on it and, where appropriate, seek independent professional advice.

This article contains links to third-party websites. These links are provided for convenience only. Equifax Australia does not control and is not responsible for the content, accuracy or privacy practices of external sites.

Copyright © 2026 Equifax Australia Information Services and Solutions Pty Ltd. All rights reserved.

Buying off-the-plan in Melbourne? How independent iCIRT ratings are set to change Victorian property

<html><body>Australian Property Monitors (APM) has released a list of auction results in Brisbane for the weekend of August 17. <a href="https://www.homepriceguide.com.au/saturday_auction_results/Brisbane.pdf" target="_blank" rel="nofollow" style="font-size: 14px;">Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

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APM's Brisbane auction results for August weekend

<html><body>
RP Data is expecting over 1020 auctions across Victoria this week with around 930 in Melbourne alone 
<ul>
<li>Final clearance rate week ending 15 September: 72.5%</li>
<li>
Melbourne auctions expected week ending 22 September: 928
</li>
<li>
Melbourne private sales time on market week ending 15 September: 40 days (houses)
</li>
<li>
Melbourne vendor discounting market week ending 15 September:  -6.2% (houses)
</li>
<li>
New listings in Victoria: 6.5% higher in month ending 15 September
</li>
</ul>
This is the second week in a row with in excess of 1,000 auctions in Victoria and will ensure that buyers have plenty of choice. This is important as low volumes can often make it difficult for buyers to find the special home that they have been searching for.
The highest volume of auctions is in Bentleigh East where there are 27 followed by 18 in Richmond and 17 in Glen Iris.
Time on market for private sale of houses dropped back a small degree this week which when viewed in conjunction with the softer activity in the mortgage market shows that whilst the market is more healthy than a year ago it lacks the strength of previous upswings in 2007 and 2009/10.
 
<hr>
 Robert Larocca is Victorian housing market specialist for <a rel="nofollow" href="https://rpdata.com/" target="_blank">RP Data</a>.
 
 
</body></html>

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RP Data's Melbourne weekend auction preview

<html><body>
It was a very good long weekend for at least 10 sellers who secured the highest property prices in the country.
Property Observer looks at the top 10 sales of last week, according to <a href="https://www.myrp.com.au/" target="_blank">RP Data</a>.
<ol>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-clontarf-116474835" target="_blank">9 Peronne Avenue, Clontarf, NSW</a> <img src="/images/2014/06/11/1.jpg" alt=""> Designed by architects Smith &amp; Tzannes, this contemporary waterfront home fetched $6.95 million this weekend. It was sold through Richardson &amp; Wrench Seaforth. The four bedroom home was purchased by the vendors for $4.6 million in 2003. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-hunters+hill-116923699" target="_blank">1 Gladstone Avenue, Hunters Hill, NSW</a>
<img src="/images/2014/06/11/2.jpg" alt=""> This five bedroom, four bathroom sandstone home sold for $4.975 million through Ward Partners Hunters Hill. The trophy home with views to the harbour bridge underwent renovations 10 years ago and has a contemporary extension at the rear. Although it was the second highest sale of the weekend, the vendors made a loss on the property – they paid $6 million in 2011.
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-leichhardt-116876611" target="_blank">27 Marlborough Street, Leichhardt, NSW</a>  <img src="/images/2014/06/11/3.jpg" alt=""> The Victorian fire station sold by banker Ashley Salter and Paspaley Pearls creative director Christine Salter <a href="/news/leichhardt-forges-another-residential-record-for-former-fire-station">broke Leichhardt’s property sale record</a>, securing $3.05 million. They purchased the home for $2.45 million in 2007, a record at the time for the suburb. It was sold through Ray White Annandale.</li>
<li>
<a href="https://www.realestate.com.au/property-house-qld-runaway+bay-112684419" target="_blank">46 Shearwater Esplanade Runaway Bay, QLD </a>
<img src="/images/2014/06/11/4.jpg" alt="">
This triple storey, seven bedroom home sold for $2.575 million. The home with panoramic views over Broadwater was sold through Ray White Sovereign Islands. The property saw a half million dollar price cut, after being on the market for two and a half years with a listing price of $3.095 million. It was purchased by the vendors for $1.75 million in 2003.
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-double+bay-116949303" target="_blank">40 Epping Road Double Bay, NSW</a>
<img src="/images/2014/06/11/5.jpg" alt="">
This modest three bedroom home sold in Double Bay sold for $2.31 million through Living Here Double Bay. The house had remained in the owner’s possession for over 80 years.
</li>
<li>
<a href="https://www.realestate.com.au/property-apartment-nsw-sydney-116869267" target="_blank">A202 'Alexander' Globe Street, Sydney, NSW </a>
<img src="/images/2014/06/11/6.jpg" alt="">
An apartment in nine storey Alexander building at the waterfront promenade of the <a href="/expert-insights/buying/harbourfront-barangaroo-apartment-developments-stoke-significant-anticipatory-interest">upcoming Barangaroo development</a> sold for $2.31 million last week through McGrath Estate Agents. 
The two bedroom apartment has a 122 square metre layout, with 22 square metres of al fresco dining space.
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-coogee-116847451" target="_blank">337 Rainbow Street, Coogee, NSW </a>
<img src="/images/2014/06/11/7.jpg" alt="">
This three bedroom Coogee home was sold for $2.2 million at auction by Laing &amp; Simmons Bondi Junction. Set on 487 square metres of land, the home has coastal water views.
</li>
<li>
<a href="https://www.realestate.com.au/property-house-vic-mount+waverley-116962835" target="_blank">5 Neva Court, Mount Waverley, VIC</a>
<img src="/images/2014/06/11/8.jpg" alt="">
A brand new five bedroom home secured $2.039 million before it was due to be auctioned. It was sold through Ray White Glen Waverley. The 893 square metre plot was purchased by the vendors just last year for $856,500 dollars.
</li>
<li>
<a href="https://www.realestate.com.au/property-apartment-vic-port+melbourne-116950147" target="_blank">803/147 Beach Street, Port Melbourne, VIC</a>
<img src="/images/2014/06/11/9.jpg" alt="">
With three bedrooms and two bathrooms, this waterfront apartment sold for $2 million through Lucas Real Estate Agent Docklands after 25 days on the market. The Port Melbourne unit was purchased for $890,000 in 2001.
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-paddington-116821279" target="_blank">7 Macdonald Street, Paddington, NSW <img src="/images/2014/06/11/10.jpg" alt=""> </a>
Sold through Raine &amp; Horne Double Bay, this three bedroom house secured $1.925 million. The single fronted home is spread over three levels, with separate self-contained accommodation on the ground level. It was purchased by the vendor for $902,500 in 2001.
For more information on these properties, go to <a href="https://www.myrpdata.com/" target="_blank">myRPData.com</a>.
</li>
</ol>
</body></html>

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The 10 most expensive sales of the week: RP Data

<html><body>
It was Queensland that failed to get a look in on the 10 most expensive sales of the week, despite taking out the top place last week.
The most expensive sales all came from Victoria or Sydney, according to RP Data.
<ol>
<li>
<a href="https://www.realestate.com.au/property-house-vic-canterbury-117121935" target="_blank">126 Mont Albert Road, Canterbury, Vic </a> <img src="/images/2014/07/15/e1.jpg" alt=""> A five bedroom, four bathroom house <a href="/news/mont-albert-road-canterbury-trophy-home-sells-for-6-66-million">in Melbourne's Canterbury sold for $6,660,000 last week</a> through Hocking Stuart Glen Iris. Set on a 2,051 square metre plot, the Tuscan-style mansion comes with an outdoor entertaining room with a television, barbecue and fireplace, a pool and tennis court. Inside, there is a formal sitting room, a games room, a separate dining room, a study and a kitchen topped with Calcutta marble. The vendors purchased the home just three years ago, for $5,500,000. 
</li>
<li>
<a href="https://www.century21.com.au/property/279993/" target="_blank">48 Carabella Street, Kirribilli, NSW </a> <img src="/images/2014/07/15/e2.jpg" alt=""> This <a href="/news">Kirribilli </a>mansion sold for $4,500,000 through Century 21 Mosman. Another five bedroom, four bathroom house (though more than $2 million cheaper than Canterbury's offering), the home was sold by <a href="/expert-insights/buying/computer-software-entrepreneur-simon-clausen-sells-kirribilli-mansion-burnleigh">former Young Rich Lister Simon Clausen</a>, now an expatriate in Sweden. Though it was reportedly sold in late June, the sale was presumably only reported this week to RP Data. It had been listed since October 2013. Clausen and his wife, Alexandra, purchased the home for $3.98 million in 2008. 
</li>
<li>
<a href="https://www.ppdre.com.au/1P0509" target="_blank">4 Bourke Street, Queens Park, NSW </a> <img src="/images/2014/07/15/e3.jpg" alt=""> A contemporary five bedroom, four bathroom home sold for $2,975,000 through Phillips Pantzer Donnelley. The <a href="/news">Queens Park</a> home set on a 386 square metre dual-access block comes with a two storey self-contained guesthouse. The main house has wide timber floorboards throughout, a walk in pantry, and a marble-topped kitchen. The vendors purchased the property, five minutes from Bondi Junction, in 2010 for $1,975,000. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-willoughby-117266903" target="_blank">6 Pendey Street, Willoughby, NSW </a> <img src="/images/2014/07/15/e4.jpg" alt=""> Sold through L J Hooker Willoughby, this home secured $2,240,000. The five bedroom, three bathroom house has generous open plan living spaces. The house is set on a 580 square metre elevated lot, with leafy views of the suburb. The vendors purchased the home less than a year before selling. It was sold at a loss, with the former owners buying the house in 2013 for $2,360,000. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-balmain-117287835" target="_blank">155 Darling Street, Balmain, NSW </a> <img src="/images/2014/07/15/e5.jpg" alt=""> This sandstone corner terrace sold for $2,400,000 through Cobden &amp; Hayson Balmain. The home, built in 1858, has been renovated, with contemporary interiors. A double height atrium is the central feature of the home, which has two storeys and opens to a north facing entertaining area. There are four bedrooms and two bathrooms, and the private "master wing" has a walk in robe, ensuite and private deck. The vendors bought the home in 2010, for $2,125,000. 
</li>
<li>
<a href="https://www.realestate.com.au/property-apartment-nsw-manly-117244863" target="_blank">501/95 West Esplanade, Manly, NSW </a> <img src="/images/2014/07/15/e6.jpg" alt=""> A <a href="/news">Manly </a>penthouse secured $2,150,000 when it was sold through Bergelin Estate Agents. The three bedroom, two bathroom home in the Manly hillside has panoramic views over the Manly ferry, harbour and heads. Each room of the open plan home extends to adjoining terraces. The vendors purchased the home in May 2009. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-freshwater-117227027" target="_blank">40 Wilson Street, Freshwater, NSW </a> <img src="/images/2014/07/15/e7.jpg" alt=""> This modest single storey brick home sold for $2,110,000 through Smyth Estate Agents. With a 919 square metre flat plot, the potential for development on the flat block was central to its marketing campaign. The home had been held by the same family for more than 60 years. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-vic-south+melbourne-117256503" target="_blank">292 Cecil Street, South Melbourne, Vic </a> <img src="/images/2014/07/15/e8.jpg" alt=""> Greg Hocking Holdsworth Albert Park sold this three bedroom, one bathroom <a href="/news">South Melbourne</a> Victorian home for $2,100,000. The freestanding house, located near MSAC, Albert Park Village and Clarendon Street, is north-facing at the rear, bringing light into the kitchen and living areas. The vendors had owned the home for almost 30 years. They purchased the property for $180,000 in November 1984, selling it this week for more than 11 times that price. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-bella+vista-116601871" target="_blank">11 Montpellier Rise, Bella Vista, NSW </a> <img src="/images/2014/07/15/e9.jpg" alt=""> A six bedroom, three car home in <a href="/news">Bella Vista</a> also sold for $2,100,000 this week. Century 21 Prime Property secured the sale of the contemporary house. The newly built home, which took two years to complete, has multiple large living areas and double sized bedrooms. outside, there is a private entertaining area with a barbecue and cooktop, and a swimming pool that comes with a waterfall and coloured lighting. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-clovelly-117246355" target="_blank">30 Clifton Road, Clovelly, NSW </a> <img src="/images/2014/07/15/e10.jpg" alt=""> This single fronted home was sold for $2,050,000 through Ray White Kensington. The four bedrooms, three bathroom house with two levels was recently renovated by the vendors. The property has been in their hands since 1987.</li>
</ol>
</body></html>

<html><body>
A Queensland estate beat out blue chip Sydney offerings to secure the most expensive sale of this week, according to RP Data. 
The Fig Tree Pocket home in Brisbane's South West (pictured above) secured $8.25 million.
RP Data suggest that another Queensland home came in second place for the week, with a $4.5 million sale for a Cleveland house. However, it looks like it was beat by a <a href="/news/vic/toorak-home-with-medium-density-potential-fetches-6-01-million">Georgian-inspired Toorak mansion</a>, which sold for $6.01 million on the weekend (pictured below). 
<img src="/images/2014/06/23/toorak_0000_2.jpg.jpg" alt="Toorak home with medium density potential fetches $6.01 million">
RP Data's top 10 sales of the week:
<ol>
<li>
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/15_ningana_street_fig_tree_pocket_qld_4069/4620090" target="_blank">15 Ningana Street, Fig Tree Pocket, QLD</a> <img src="/images/2014/06/24/1.jpg" alt=""> Barrambin, a sprawling 9, 991 square metre waterfront estate, sold through Adcock Prestige Brisbane for $8.25 million. The expansive five bedroom, seven bathroom home designed by Osterfield and Johnson is set around a central pool. The estate includes a tennis court, gardens, a fruit orchard, two fresh water lakes (with fish, turtles and crayfish), a music room, sauna and air conditioned wine cellar. 
</li>
<li>
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/8_sentinel_court_cleveland_qld_4163/3944548" target="_blank">8 Sentinel Court, Cleveland, QLD</a> <img src="/images/2014/06/24/2.jpg" alt=""> This five-bedroom contemporary home sold through Ray White Cleveland for $4.5 million. Set on 1426 square metres with a private marina berth, the home has views over Moreton Bay. The double brick home has four bathrooms, limestone floors, a marble kitchen and wine cellar, with a swimming pool. 
</li>
<li>
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/13_oxford_street_malvern_vic_3144/14748236" target="_blank">13 Oxford Street, Malvern, VIC</a> <img src="/images/2014/06/24/3.jpg" alt=""> Mororo is a brick Edwardian home, built around 1901. The four-bedroom house was sold at auction on June 21 by Marshall White Armadale for $4.225 million. The four bedroom house, set on 1,125 square metres, has floor boards throughout, with open fireplaces. The property was held by the vendors for almost 34 years. They purchased it for $188,000 in 1980.  
</li>
<li>
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/210_albert_road_strathfield_nsw_2135/6478251" target="_blank">210 Albert Road, Strathfield, NSW</a> <img src="/images/2014/06/24/4.jpg" alt=""> Simeon Manners Property Mosman sold this six bedroom house for $3.8 million, <a href="/expert-insights/buying/willie-mason-doesnt-sell-but-june-sydney-auctions-on-record-streak">which was below its price guidance</a>. According to the agents, the trophy home was built “in accordance with Feng Shui principles”. The house has six bedrooms and six bathrooms, a formal living and dining area with wet bar, a gym, sauna and steam room. 
</li>
<li>
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/57_boronia_road_bellevue_hill_nsw_2023/1368482" target="_blank">57 Boronia Road Bellevue Hill, NSW</a> <img src="/images/2014/06/24/main.jpg" alt=""> This Bellevue Hill home was sold through Laing + Simmons Double Bay and Raine &amp; Horne Double Bay for $3.7 million. The Hamptons inspired home with a double fronted Federation façade has five bedrooms and four bathrooms. The master has garden access, a walk in robe and full spa en suite. 
</li>
<li> <a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/47_cambridge_street_paddington_nsw_2021/5262831" target="_blank">47 Cambridge Street, Paddington, NSW</a> <img src="/images/2014/06/24/6.jpg" alt=""> Westbury, a four-bedroom house, sold at auction on June 21 by McGrath Estate Agents for $3.437 million. The Victorian Italianate terrace with north east rear aspect was built around 1889. Set over three levels, the home opens with a marble entry hall and has an attic retreat. The vendors bought the home for $3 million four years ago. 
</li>
<li>
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/46_mary_street_hunters_hill_nsw_2110/3007023" target="_blank">46 Mary Street, Hunters Hill, NSW</a> <img src="/images/2014/06/24/7.jpg" alt=""> McGrath Estate Agents auctioned this home this weekend, securing $3.28 million. The six-bedroom house is an extended circa 1880s sandstone cottage. The home is set on a 1,233 square metre block across the street from St Joseph’s college. Indoors, there are six open fireplaces, French limestone and iron bark floors. Outside, there is a heated pool and spa. Set on 1,233 square metresVendors held onto the house for 21 years. They purchased it for $530,000 in 1993. . 
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<li>
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/39_townson_street_blakehurst_nsw_2221/1479562" target="_blank">39 Townson Street, Blakehurst, NSW</a> <img src="/images/2014/06/24/8.jpg" alt=""> This five-bedroom house was sold through Gavan Property St George for $3 million. The house has tripled in value in six years – the vendors bought the property for $970,000 in 2008. While four of the five bedrooms are already substantial offerings, with en suites and private balconies, the master bedroom is “apartment sized”, with an en suite with double spa, a private balcony and secure keypad access. Outside, there is a substantial covered entertaining area and pool. 
</li>
<li>
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/21_black_street_vaucluse_nsw_2030/7137362" target="_blank">21 Black Street, Vaucluse, NSW</a> <img src="/images/2014/06/24/9.jpg" alt=""> This modest home was auctioned on June 21 by Sotheby's International Realty and Belle Property, selling for $2.907 million. The unrenovated single storey home was purchased 31 years by the owners, who paid $307,500 in 1983. Set on 727 square metres of land, the house with ocean views has five bedrooms and two bathrooms. 
</li>
<li>
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/90_collins_road_st_ives_nsw_2075/6401539" target="_blank">90 Collins Road, St Ives, NSW <img src="/images/2014/06/24/10.jpg" alt=""> </a>Chadwick Real Estate St Ives sold this house prior to auction for $2.88 million. Set on a 1353 square metre plot, this home in Sydney’s North Shore has five double bedrooms, plus a study or sixth bedroom, and two bathrooms. Outside, there’s a heated pool and spa in a big sunny north facing backyard.
</li>
</ol>
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&quot;Where is it cheapest to buy?&quot;

It&#39;s a question that many different people ask, and is difficult to answer. Property prices vary within suburbs and, depending on what you&#39;re looking for, you may be able to find a good home for lower than the median headlining price - remember, <a href="/expert-insights/investing/how-to-determine-the-median-house-price">the median is the middle number in the data set</a> and so there are equally as many properties below that figure as above.

[smartcode_project:default project_id=29140]

In saying that, when the median is lower it does generally suggest that recently transacted properties have been cheaper.

Looking at RP Data&#39;s median unit prices for suburbs across New South Wales, we collected all suburbs with prices from $250,000 to $300,000 into the list below.

Albion Park Rail

$257,000

Alstonville

$276,000

Bateau Bay

$280,000

Batehaven

$252,000

Bathurst

$258,000

Bogangar

$299,000

Camden South

$275,000

Carramar

$256,000

Cessnock

$274,000

Coniston

$270,000

Fairy Meadow

$295,000

Glenfield Park

$255,000

Goonellabah

$270,000

Iluka

$263,000

Jamisontown

$298,000

Jesmond

$265,000

Katoomba

$265,000

Lake Illawarra

$250,000

Long Jetty

$275,000

Maitland

$250,000

Metford

$270,000

Minto

$250,000

Mount Druitt

$280,000

Murwillumbah

$255,000

Oak Flats

$250,000

Ourimbah

$299,000

Penrith

$290,000

Sapphire Beach

$282,000

Sawtell

$278,000

Scone

$250,000

South West Rocks

$293,000

South Windsor

$293,000

St Marys

$261,000

Warwick Farm

$278,000

Werrington

$265,000

West Ballina

$265,000

West Gosford

$255,000

West Wollongong

$299,000

jduke-EHk3XBmHkn

The 38 most affordable suburbs for apartments in NSW: $250,000 to $300,000

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Plans for Melbourne’s tallest building — 322 metres — have been given the green signal by the Daniel Andrews’ government. 
James Packer’s Crown casino will expand its Southbank site to eight hectares for its $1.75 billion 90-storey tower.
On completion, the 1 Queensbridge Street site will have a 6-star hotel with 388 rooms, 708 apartments, a pedestrian skybridge and visitor attractions.
It will eclipse the current tallest building, Eureka Tower, by 25 metres and also the Australia 108 residential tower, also being built at Southbank and planned to be 319 metres.
Planning Minister Richard Wynne, who had earlier taken a firm hand to curtail over-development of sites,
approved the project – which is claimed to represent $2.1 billion in economic benefit - after 12 months of talks with the developer and Melbourne City Council, according to a report in the Sydney Morning Herald.
Premier Andrews said the project would create 4000 jobs; 3000 during construction and another 1,000 once up and running.
"It's not just about height though, the quality of this design outcome, particularly the public realm benefits that will be accessible for all Victorians, really mark this out as a very, very special project," Andrews was quoted as saying.
But the decision was met with criticism from several quarters. 
Melbourne City councillor Rohan Leppert from the Greens said the tower "makes a mockery" of new rules for skyscrapers introduced by Wynne last year. This was, he said, "particularly due to the complete lack of setback to Queens Bridge Street and the sheer bulk of the building".
He also questioned why the public had not had any opportunity to have input into the tower decision.
Wynne amended the planning scheme in order to approve the tower, instead of the usual process of first seeking formal feedback from Melbourne City Council.
RMIT Planning academic Michael Buxton was also quoted in the report as saying Crown appeared to have created its own rules for the site.
"There is supposedly a rule in place for projects like this, but there are no rules, and the more powerful you are the fewer the rules," Professor Buxton said.
Crown and its joint venture partner Schiavello Group will pay $100 million towards a community package that will see a $25 million upgrade of Queensbridge square, and $15 million towards Sandridge rail bridge.
Construction is expected to start in 2018 and could take up to six years to finish. 
There will be no gambling within the building.
The announcement comes a day after an Auditor-General report found Victorian Commission for Gambling and Liquor Regulation oversight of gambling and money laundering at Crown Casino was inadequate, said the AAP in a report.
The VCGLR accepted the report and Andrews said if it needed extra government support he would "only be to happy" to provide it.
 
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jonathanchancellor-7SQnKwU6yx

Crown casino wins approval for Melbourne’s tallest tower

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The Illawarra residential market prices continue to grow strong, according to a recent Herron Todd White (HTW) report.
The property valuation firm says that various factors such as low interest rates, employment and decreasing affordability in Sydney are creating strong demand.
“There has been strong growth in the Illawarra residential market for a number of years in all locations and property types,” the report stated.
The market is particularly driven by what is happening in Sydney but there is also a flow on effect to Wollongong and Shoalhaven.
"Low interest rates, stable employment, improving infrastructure and decreasing affordability in Sydney all combine to create strong demand for residential property at all price levels," the report said.
"There are a number of factors that could cause the market to change.
"These include interest rate hikes, an oversupply of new properties, an economic downturn in the region, or a crash in the Sydney market.\
Wollongong is in the middle of a construction boom, especially in unit developments.
"New unit developments are at an all time high and the supply of new units are at unprecedented levels," HTW said.
"In addition there are many new land developments of varying sizes with the majority in West Dapto, Calderwood, Shell Cove and South Nowra.
"As long as the supply is being met by strong demand the market will continue to be strong.
"However, all this new supply may exaggerate any downturn in the market if developers cannot offload their new stock."
HTW says Illawarra’s economic situation is tied to its property market.
"The region continues to diversify from its mining and steel roots and has enjoyed good growth in medical and aged care and tourism sectors," it said.
"Market confidence is still derived from the steel and mining sectors.
"Major downturns in these sectors could result in a downturn in the property markets.
"With the region being more and more accessible to Sydney through improved infrastructure, the link between the Sydney and Illawarra property markets is closer than ever.
"It is likely that the events that would cause a slow down in the Sydney market would also impact the Illawarra and if Sydney buyers were removed from the Illawarra market demand for property would be reduced,” the report stated.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-figtree-125477566" target="_blank">9 Mark Street</a>, Figtree (above) has been listed for between $699,000 to $768,900.
Similarly, a two bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-woonona-125478226" target="_blank">45 Hillcrest Avenue</a>, Woonona (below) has been listed for $600,000.
<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/2017/05/16/45%20Hillcrest%20Avenue.jpg" alt="">
A two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-north+wollongong-125324826" target="_blank">1/4 Pleasant Avenue</a>, North Wollongong (below) was recently sold for $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/2017/05/16/1_4%20Pleasant%20Avenue.jpg" alt="">
Similarly, a four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-horsley-125281798" target="_blank">21 Norman Clark Crescent</a>, Horsley (below) was recently sold for $955,000.
<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/2017/05/16/21%20Norman%20Clark%20Crescent.jpg" alt="">
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j.ballantyne1990-6AQqhLzZaK

Illawarra residential market continues to grow strong: HTW

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Located along the walking and bike tracks of Werribee River, the two bedroom unit has been sold by mortgagees for $335,000.
It was sold by Adrian McEvoy and Tony Cannatelli from LJ Hooker.
It had last sold $140,000 in 2013.
Built in 2014 and set on 272m2 block (approx), the<a href="https://www.realestate.com.au/sold/property-unit-vic-werribee-127000682" target="_blank"> 1/22 Golden Avenue</a> unit comes with two bedrooms, a spacious living area and a study nook.
The suburb's median unit price sits on $317,500, according to CoreLogic.
 
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Werribee two bedroom unit sold by mortgagee

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Property investment consultants Momentum Wealth are inviting wholesale investors to participate in the development of their newly secured riverfront site in the Perth suburb of Crawley.
The 1,539sqm late 1960s site was secured in an off-market transaction, located nearby the Blue Boat Shed, Perth’s most photographed building.
The six existing apartments on the site will be demolished and developed into a prime development, said Momentum Wealth’s Philip Anderson.
“This development will be the first development fronting Mounts Bay Road with sweeping river views in over 10 years”, he said.
The site is located in a small, tightly held residential pocket between Kings Park and Mounts Bay Road with limited prospects of future supply.
“That pocket of Crawley is an established apartment market with an older, more affluent owner-occupier demographic which makes it perfectly suited to an iconic development of this nature,” Anderson said.
Each of the proposed apartments in the complex will be set over its own floor, offering luxury amenities.
A minimum investment of $100,000 is required from potential wholesale investors.
The project will be targeting an internal rate of return between 18 and 20 per cent, with a total equity raise of $10 million.
Comprising of between eight and 10 apartments, the development is expected to appeal to local, interstate and international buyers.
Amenities will include large outdoor living areas, three parking bays per apartment and views of Swan River and Kings Park.
<a href="https://www.momentumwealth.com.au/crawleyfund/?utm_source=PropObs&amp;utm_medium=Tower&amp;utm_campaign=POdigi" target="_blank">Expressions of interest are now open</a> at Momentum Wealth. 
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