One of Brisbane's last major riverfront redevelopment opportunities has taken a significant step forward, with Lendlease selected as the Queensland Government's preferred development partner for the former Visy site in South Brisbane.

The seven-hectare industrial site, positioned between South Bank and West End and 1.3 kilometres from the Brisbane CBD, will be transformed into a mixed-use precinct expected to deliver more than 4,000 new homes alongside extensive public open space and riverfront parkland.

The project is one of the largest urban renewal opportunities currently planned in Brisbane and is expected to play a key role in accommodating the city's growing population ahead of the 2032 Olympic and Paralympic Games.

Plans for the precinct include a network of riverfront promenades and boardwalks, new public plazas, parkland, amphitheatre-style gathering spaces and shared pedestrian and cycling links designed to reconnect the long-isolated site with the Brisbane River.

The Queensland Government is targeting delivery of the first homes and key public spaces before the 2032 Games, allowing the precinct to begin contributing new housing and public amenity well before the broader masterplan is complete.

The redevelopment is also expected to support more than 3,000 jobs across planning, construction and ongoing operations.

For Lendlease, the appointment adds another major urban regeneration project to its Queensland portfolio. The developer has operated in the state for more than 70 years and has delivered a number of large-scale mixed-use precincts in partnership with government.

Lendlease Development CEO Claire Johnston said the project represented one of Brisbane's most significant redevelopment opportunities.

"The transformation of the former Visy site represents a rare opportunity to reimagine one of Brisbane's most significant riverfront locations, deliver thousands of much-needed homes, and create long-term legacy," Johnston said.

"In partnership with the Queensland Government, we have the opportunity to create a new riverside destination that will help shape Brisbane's growth and how people experience the city for decades to come.

"This is exactly the type of large-scale, city-shaping development that will provide lasting benefits for Queensland, bringing together housing, jobs and world-class public spaces."

Deputy Premier and Minister for State Development, Infrastructure and Planning Jarrod Bleijie said the riverfront transformation would deliver a thriving new community precinct.

“The Crisafulli Government is delivering this golden opportunity to unlock a riverfront jewel for all Queenslanders,” Deputy Premier Bleijie said.

“This is a once-in-a-generation moment to reshape a significant slice of Brisbane and deliver lasting benefits – thousands of new homes, and public spaces for all Queenslanders to enjoy well beyond the 2032 Olympic and Paralympic Games – unlike Labor’s plan which would have delivered zero benefits and zero new homes.

“Queensland is well and truly open for business and through partnership with the private sector, we are accelerating delivery while ensuring strong housing, community and economic outcomes."

Early works on the precinct are expected to commence in April 2027.

Joel Robinson

Lendlease selected to deliver transformative South Brisbane riverfront precinct

Eddy Haddad's <a href="https://www.apartments.com.au/developers/level-33">Level 33</a> is levelling up its approved Wollongong development, as the coastal city south of Sydney continues to prove popular in the high-density development space.

Level 33, a longtime developer in the Wollongong area, has gone through the NSW Government's Housing Delivery Authority to upsize its approved two-tower development on the corner of Crown Street and Gladstone Avenue, just 100 metres from Wollongong Station.

The developer currently has approval for 252 apartments across two buildings rising to 19 storeys. It is now seeking approval for 33 and 38-storey towers that would deliver 467 apartments, including 67 affordable homes.

Designed by <a href="https://www.apartments.com.au/architects/bka-architecture">BKA Architecture</a>, the development would comprise apartments above a three-level podium with around 1,100 sqm of retail space, along with basement parking for 448 vehicles.

According to the Urban Design Report by BKA, the proposal has the capacity to "reinforce the precinct's identity by strengthening links between health, education, and transport services, while also contributing to Wollongong's ongoing evolution as a key regional centre."

Wollongong is somewhat in vogue. Between Level 33 and Urban Property Group, the two developers have several thousand apartments planned across the city.

Level 33 is currently delivering Easterly Wollongong, one of its most boutique projects to date with just 21 high-end apartments, as well as Atchison &amp; Kenny, a 329-apartment development due for completion later this year.

The developer plans to redevelop the 13,088 sqm WIN Grand megasite into <a href="https://www.apartments.com.au/new-apartments/crown-square-216-238-keira-street-wollongong-nsw-2500">Crown Square</a>, a new $500 million precinct with nearly 600 apartments. It also has more than 900 apartments planned for the former Bunnings Warehouse site at the intersection of Gipps and Flinders streets.

Urban Property Group is also playing a major role in the city's transformation. Its five-tower Keira Place precinct will deliver more than 800 homes, and it has recently lodged plans for a further 300 apartments near Wollongong Station.

First look: Level 33 upsizes Wollongong apartment towers

Just a week after filing plans for the final stage of its major Keira Place masterplan, <a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has unveiled another significant housing proposal in Wollongong, this time targeting a prominent site opposite North Wollongong Station.

The developer has lodged a State Significant Development Application for a 38-storey mixed-use tower at <a href="https://www.apartments.com.au/new-apartments/4-4a-flinders-street-north-wollongong-nsw-2500">4-4A Flinders Street</a>, around one kilometre north of the <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place precinct</a> currently taking shape on the edge of the CBD.

<img alt="First look: Urban Property Group plans 38-storey North Wollongong tower as Keira Place expansion gathers pace" data-entity-type="file" data-entity-uuid="2b6428f1-6405-4038-8476-897de440e90d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/flinders%20podium.png?VersionId=QLqEvK0OuCEwRC47oHNftrw2B1YqaHF8" />

Designed by Studio.SC, the proposal comprises a 38-storey mixed-use development containing 303 apartments, including 45 affordable housing units, alongside 174 co-living residences. The scheme also includes ground-floor retail space, extensive landscaping and public domain improvements.

Studio.SC noted in the proposal it "outlines a vision for a landmark transit-oriented mixed-use development centred around North Wollongong Station, designed to support the city’s future growth while responding to the NSW Government’s housing and planning reforms."

The architecture firm said the proposal responds to the opportunities and constraints shaping future growth within the 400-metre catchment of the station and represents "a coordinated and future-focused approach to urban intensification, contributing to the long-term evolution of North Wollongong as a connected, walkable and high-density station precinct."

The site occupies a strategic corner bounded by Flinders Street, Station Street, Stafford Street and the Princes Highway, directly opposite North Wollongong Station.

<img alt="First look: Urban Property Group plans 38-storey North Wollongong tower as Keira Place expansion gathers pace" data-entity-type="file" data-entity-uuid="7863adad-1f71-4022-b850-f44b252738fd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/flinders%20podium%20a.png?VersionId=WsU7av0g8_8R2tGHWxgHeFSlhu7yeY1V" />

The proposal follows Urban Property Group's recent submission for the second and final stage of Keira Place, which would deliver a further three buildings comprising 657 homes opposite Beaton Park. It builds on the first stage, which features 150 apartments across two towers and recently commenced construction.

Urban Property Group CEO Patrick Elias said breaking ground on the first stage marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/urban-property-group-unveils-trio-of-towers-for-next-stage-of-new-wollongong-precinct-keira-place">Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place</a>

First look: Urban Property Group plans next major Wollongong tower

<a href="https://www.apartments.com.au/developers/arada">Arada</a> has wasted little time expanding its ambitions in Campsie, lodging plans for a second major project in the rapidly transforming town centre just months after unveiling its three-tower One Campsie proposal on Beamish Street.

The UAE-backed developer has now taken aim at one of the suburb’s most strategically positioned sites, filing a State Significant Development Application for a <a href="https://www.apartments.com.au/new-apartments/10-north-parade-campsie-nsw-2194">33-storey mixed-use tower</a> at 10 London Street and 43 North Parade, directly opposite the future Campsie Metro Station. The proposal is currently on public exhibition and represents another significant vote of confidence in Campsie's emergence as one of Sydney’s key transit-oriented growth centres.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the development would deliver 156 apartments above a podium containing retail and commercial space, creating a new residential and commercial gateway to the town centre. The scheme also includes a four-level above-ground parking podium and a dedicated residential amenity floor featuring wellness and recreation facilities. At least 10 per cent of the apartments would be allocated as affordable housing for a period of 10 years.

The proposal occupies a 1,631 sqm site bounded by London Street, North Parade and Dispensary Lane, immediately adjoining the future Metro station precinct and just metres from Beamish Street’s retail and dining strip. According to the Urban Design Report, the project seeks to deliver "a great place that prioritises human-scaled experience and provides spatial improvements to the area."

<img alt="First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans" data-entity-type="file" data-entity-uuid="175a8324-015b-4856-abe3-ce6f23199fa7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium%20campsie.png?VersionId=742UGwXFhFBX4GEl6wX4PYIWREAgn6il" />

Woods Bagot describes the tower as a key marker within Campsie's next phase of growth.

"Located directly opposite the new Campsie Metro Station on North Parade, 10 London Street is a thoughtfully composed 33-storey mixed-use tower that contributes to the ongoing transformation of the town centre," the Architectural Design Report states. The report says the project is intended to provide "high-quality homes within a vibrant, connected urban environment, while helping define Campsie's future skyline."

A strong emphasis has been placed on the public realm. The ground floor incorporates over 500 sqm of retail space and active frontages along both London Street and North Parade, while the podium is wrapped by extensive landscaped planting intended to soften the building's scale and strengthen the pedestrian experience. The development would also widen surrounding footpaths and improve connections between the Metro station and the broader town centre.

Above the podium, residents would have access to more than 1,400 sqm of communal amenities, including a pool, gym and landscaped recreation spaces. A distinctive green-wall treatment extending across four podium levels forms a major architectural feature, helping differentiate the project within the emerging high-density precinct.

The tower's design is closely tied to the broader Campsie Town Centre Master Plan and the arrival of Sydney Metro. The Urban Design Report notes the proposal "directly supports the Campsie Town Centre Master Plan by delivering new homes in a location explicitly identified for growth, improved accessibility, and high-quality urban renewal." It adds that the project contributes to the master plan's vision for a strengthened town centre supported by thousands of new homes around the future Metro station.

<img alt="First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans" data-entity-type="file" data-entity-uuid="bfd17654-253e-489a-bade-6278d63db412" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/base%20campsie.png?VersionId=3roJPMQGs36dazpkhvpvbDDP73Ld.Ica" />

The application follows Arada's recently lodged One Campsie project at 124–142 Beamish Street and 16–18 Ninth Avenue, where the developer is seeking approval for 346 apartments across three towers rising 24, 32 and 39 storeys. Together, the two proposals would cement Arada as one of the most influential developers shaping Campsie's future urban form.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-arada-files-for-trio-of-apartment-towers-in-campsie-town-centre">First Look: Arada files for trio of apartment towers in Campsie town centre</a>

Arada entered the Australian market in 2024 and has rapidly assembled a significant development pipeline across Sydney. Alongside its Campsie holdings, the developer is soon to launch <a href="https://www.apartments.com.au/new-apartments/wattle-green-2-fishburn-crescent-castle-hill-nsw-2154">Wattle Green</a> in Castle Hill, and has expanded its local operations following its acquisition of construction firm Roberts &amp; Co.

Located around 14 kilometres south-west of the Sydney CBD, the site sits at the centre of one of Sydney's fastest-changing middle-ring precincts. The Metro conversion of Campsie Station, combined with Canterbury-Bankstown Council's master planning framework, is driving significant residential intensification around Beamish Street and North Parade, with thousands of new homes expected over coming decades.

First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans

For the first time in a long time, Australia's inflation story is starting to look more like a landing than a fight.

The latest Consumer Price Index figures from the Australian Bureau of Statistics showed annual inflation eased to four per cent in May, down from 4.2 per cent in April. On the surface, that might not seem like a major move. Inflation remains above the Reserve Bank's target range and some categories continue to record stubborn price growth.

But the significance of this result lies less in where inflation sits today and more in what it means for where interest rates are likely heading next.

The biggest takeaway is that inflation continues to move in the right direction.

Markets had been bracing for another sticky result after a period where progress appeared to stall. Instead, headline inflation came in softer than expected, helped by falling fuel prices and easing transport costs. Annual transport inflation halved from 6.6 per cent in April to 3.3 per cent in May, while automotive fuel prices fell 11.9 per cent during the month following lower oil prices and the impact of reduced fuel excise measures.

While petrol prices don't solve Australia's affordability challenges, they are one of the most visible and immediate costs for consumers. Falling fuel costs feed through the economy quickly, helping ease pressure on household budgets and business operating expenses.

The ABS data also showed headline inflation is now sitting at its lowest annual level in several months, reinforcing the broader trend that price growth is gradually moderating.

That trend is important because it aligns with what many economists and lenders have been saying for the last month.

Prior to this week's inflation data, ANZ, NAB and Commonwealth Bank had all shifted their forecasts, now believing the Reserve Bank had likely reached the peak of the interest rate cycle. Following the May inflation release, ANZ reaffirmed that view.

In its latest economic update, ANZ said it expects quarterly trimmed mean inflation to come in at 3.7 per cent for the June quarter, slightly below the Reserve Bank's forecast of 3.8 per cent. Importantly, the bank said that outcome, when combined with slowing economic activity, "supports our view that the cash rate has peaked".

The Reserve Bank has spent the better part of three years attempting to bring inflation under control through higher interest rates. If Australia's major banks are correct and rates have now peaked, the conversation shifts from how much higher rates could go to when they might begin coming down.

Westpac's caution comes from underlying inflation. The trimmed mean, the measure most closely watched by the Reserve Bank, increased from 3.4 per cent to 3.6 per cent annually. Housing inflation remains elevated at 6.5 per cent, reflecting ongoing increases in rents, electricity costs and new dwelling construction.

Electricity prices remain particularly problematic, rising 21.1 per cent over the past year following the removal of government rebates.

Housing construction costs are also showing signs of renewed pressure. ANZ noted new dwelling costs rose 0.9 per cent in May and are now running at an annualised pace of 8.6 per cent over the past three months. Builders continue to face higher labour, fuel and material costs, a reminder that inflationary pressures have not completely disappeared.

Housing affordability has deteriorated largely because of higher interest rates rather than higher property prices alone. Even modest reductions in mortgage rates would improve borrowing capacity, increase buyer confidence and reduce repayment pressure on existing homeowners.

While August is far from a certainty, the latest inflation result has strengthened the view that the next move in rates is more likely to be down than up. For borrowers, buyers and the development sector, that alone represents a significant shift from the conversation that dominated much of the past two years.

The inflation result the property market was waiting for

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?

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Price point nor location are the determining factors in the Rockhampton region when determining the most or active sectors, according to Herron Todd White’s (HTW) latest monthly market report.
The property advisory firm says that price point and location are not determining factors in either the most or least active sectors of the market in the Rockhampton region at this point in time.
"More so, the buyer profile and presentation of the property is determining activity or lack thereof in the local market," HTW advised.
The buyer demographic most active in this region over recent months has mainly been owner occupiers looking for either a first home or upgrading under favourable buyer conditions, including record low interest rates and affordable housing prices.
These buyers, whether they are first or subsequent home buyers, are drawn to well priced and well presented dwellings, ready to live in with no renovations or repairs required.
Price points vary considerably for this active market sector, but HTW said it is typically seeing first home buyers at prices up to approximately $300,000 and upgraders from $400,000, depending on their financial backing.
An example would be a three bedroom home at <a href="https://www.realestate.com.au/property-house-qld-norman+gardens-123802782" target="_blank">25 Kingfisher Parade</a> (pictured above) that is for sale for $349,000.
The local investor market has been slower than it has been historically, with job security the obvious reason behind this changing trend in Rockhampton.
Properties that appeal to investors generally would benefit from a maintenance program to attract tenants and enhance rental return.
Given the volume of available housing, buyers have been less inclined to spend their cash reserves on such maintenance and repairs.
"While our local economy is typically quite diverse compared to our regional neighbours to the north, south and west with education, health and agriculture also major employers in the region, the mining and associated services industry downturn has had a significant effect on local investment," the report states.
This has combined with higher rental vacancy rates which makes the region less attractive for the typical mum and dad investors.
HTW noted that Rockhampton has, historically, been more stable compared to other regions.
"Having said this, Rockhampton has historically been a less volatile market than other regional localities," said the report. "+Given recent economic conditions combined with the 2015 APRA changes to investor lending, it is possible that some investor activity will return to the local market as investing in capital cities becomes less affordable."
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Presentation plays vital role in sale of Rockhampton properties: HTW

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The most active suburbs on the southern Gold Coast and Tweed Coast districts are those in proximity of the beach and amenities, according to Herron Todd White’s (HTW) latest monthly market report.
The property advisory firm says that these suburbs include Miami, Burleigh Waters, Burleigh Heads, Palm Beach, Coolangatta, Tweed Heads, Banora Point, Kingscliff, Casuarina, Bogangar and Pottsville.
The favoured price point among buyers for dwellings in the above areas on the southern Gold Coast is between $550,000 and $800,000.
One example would be a three bedroom home at <a href="https://www.realestate.com.au/property-house-nsw-tweed+heads-123679450" target="_blank">5 Murraba Crescent</a> that is for sale for $685,000.
The price point among buyers for dwellings in the above areas on the Tweed Coast is between $450,000 and $700,000, excluding Salt at Kingscliff and Casuarina which is between $700,000 and $900,000.
Buyers generally active at this price point are young local professionals and families. The properties obtainable are generally renovated older style dwellings on the southern Gold Coast.
In the Tweed Coast in particular Salt and Casuarina the properties would be modern dwellings typically having four bedrooms, two bathrooms and a double lockup garage.
The market with the slowest activity is the rural lifestyle market, however, it has improved over the past 12 months.
The slowest price point would be over $750,000.
"Buyers are generally families looking for privacy and green open space," the report advised.
This market is generally slower due to the distance from the coast and amenities such as shopping and schools, HTW said.
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Beachside suburbs in southern Gold Coast attracting buyers: HTW

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A Chinese development company has snapped up a Clayton South mixed-use site for $10,980,000.
CBRE negotiated the sale of 1380-1388 Centre Road on behalf of Elco Foods.
The 6,378sqm site is an industrial building utilised by the food importer.
The sale price represents a land rate of $1,722 per sqm – a strong result linked to growing demand for strategically located landholdings capable of townhouse or mixed-use development.
There were nine offers at the conclusion of the campaign, five of which were from Asian parties.
CBRE noted larger scale townhouse development opportunities are extremely popular in the market at present, driven by the big four banks’ willingness to provide funding for this sector and the rapid growth in median house prices in the middle and outer suburbs placing affordability pressures on free standing dwellings.
Cedar Woods is completing a significant townhouse development called Jackson Green in Clayton South.
Abacus Property Group has recently sold a major landholding on Browns Road for $51.5 million to a Chinese buyer.
Director of Elco Foods, Emmanuel Kotis had a valuation in May 2015 at $4.9 million.
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Chinese developer secures Clayton South townhouse site

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Around three quarters of all residential sales in Bathurst are between $300,000 and $500,000, according to Herron Todd White’s latest monthly market report.
The property advisory firm noted a correlation between the sale price and the average income in the area.
It advised the majority of home owners are able to service mortgages at these prices.
The size to which dwellings can be built is determined by this limitation in relation to the cost of construction.
In this bracket properties range from slightly dated 60 year old three bedroom, one bathroom dwellings to modern brick veneer four bedroom dwellings with an en suite.
At $500,000 such a dwelling could comprise over 200 square metres of living area alone.
An example would be a four bedroom home at <a href="https://www.realestate.com.au/property-house-nsw-bathurst-123592886" target="_blank">6 McLean Street</a> (pictured above) that is for sale for $519,000.
HTW noted a new limitation is then reached in that there is a point when a dwelling can be too large for practical purposes.
"That corresponds with why the majority of properties at $600,000 or more comprise small acreage," the report said.
At the moment anything under $300,000 is being snapped up as soon as it is available. The reason that there are not as many sales in this price bracket is because fewer become available. Although new dwellings continue to comprise a large percentage of sales, this is influenced by the lack of listings that are currently becoming available in established areas.
"This would also skew the areas of higher activity, but not necessarily the level of change in value," the HTW report said.
"This is further influenced by the personal circumstances of purchasers determining the time frame available to allow location to be as important a determinant as the need for accommodation."
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Property supply lacking as demands increase in Bathurst: HTW

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The residential property market in the Illawarra has gone from strength to strength since 2013 with no particular price point or location being left out, according to Herron Todd White’s latest monthly market report.
The property advisory firm said that all purchaser types have been affected, from first home buyers, investors focused on returns to prestige buyers. Demand from buyers has shifted south from Sydney into the Illawarra and even the Shoalhaven has come out of a long market slump.
PriceFinder reports that the most active price ranges for house sales in the Illawarra during the 2016 financial year vary for the different Local Government Authorities. The highest volume of house sales in the Wollongong LGA was 420 sales in the $600,000 to $700,000 range. One example would be a three bedroom home at <a href="https://www.realestate.com.au/sold/property-house-nsw-wollongong-122458686" target="_blank">96 Rowland Avenue</a> (pictured above) that was recently sold for $620,000.
The most house sales in the Shellharbour LGA was between $400,000 and $500,000 with 292 sales.
Kiama’s LGA has the highest range with 68 sales in the $700,000 to $800,000 range while the Shoalhaven LGA has the lowest with 756 house sales between $300,000 and $400,000.
Affordability and availability is the key to the most favoured price points. When a property is deemed affordable it has the broadest market including first home buyers and mum and dad investors. The more common types of property will also become available to the market more often, leading to higher volumes.
The least amount of activity in the Illawarra is, not surprisingly, the prestige market. While this market has been relatively strong over the past three years, there is still a limited amount of activity, mainly due to a limited amount of supply of this property type to the market.
Prestige properties in the Wollongong, Shellharbour and Kiama LGAs tend to be in the $2 million plus price bracket while this drops to $1.5 million in the Shoalhaven LGA and is limited to beach front or large acreage style properties.
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Illawarra property market strength continues to shine: HTW

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Over 2016, the residential property market in Newcastle and the Hunter has exhibited mixed performance throughout the different areas of Newcastle, Hunter, the Upper Hunter and Port Stephens, according to Herron Todd White’s latest monthly market report.
The property advisory firm says that these locations are in substantially different stages of the property cycle, which could be described as two speed.
Upsizers are the dominant force in the marker, this being the 30 to 40 year age group with not enough room in the current home to accommodate new additions to the family.
The report said Singleton is still experiencing declining prices with little to no positive change expected in the near future.
"There are very little to no investors prepared to lose money, nor could they easily obtain finance if they wanted to," the report said.
Agents have commented that purchasing in the area is limited to a needs only basis with their vendors accepting losses.
Purchasers are upsizing at a discounted price point due to the oversupply of property within the market. The price point for a typical four bedroom, two bathroom home ranges between $400,000 and $500,000. An example would be a four bedroom home at <a href="https://www.realestate.com.au/property-house-nsw-singleton-123245166" target="_blank">19 Benjamin Circuit</a> (pictured above) that is for sale for $459,700. It came on for sale in August at $480,000.
Suburbs surrounding Maitland, including Chisholm, Thornton, Gillieston Heights and Clifftleigh, are experiencing a substantial increase of new residential housing development. This market is seeing a combination of investors competing with first home buyers who can still obtain their grants for newly built residences.
On average a typical newly built four bedroom, two bathroom property would be within a price point of between $500,000 and $600,000.
Herron Todd White notes that Port Stephens leans more towards a specific investor profile.
"Port Stephens, with higher rates of investors and holiday accommodation, is also experiencing high demand for land for new residential development. Agents have stated that purchasers are looking for properties that can be knocked down due to the limited amount of new land available."
The price point which is most favoured within the Newcastle patch is the 30 to 40 age group of second home buyers and upsizers. This demographic is purchasing their next home within the price point of approximately $500,000 to $700,000 which will purchase the extra bedroom and second bathroom within the desirable 20 minutes of the Newcastle CBD.
Specifically it is the well performing suburbs of Hamilton, Mayfield, Lambton, Adamstown and Charlestown where capital growth for 2016 is between 5.3% and 10.5%.
There is a combination of factors as to why this price point and demographic is the most active, which also goes hand in hand with why the Newcastle property market is at peak levels. Investors are continuing to experience difficulty entering the market due to lending restrictions, even though there is confidence in property growth.
First home buyers are having very little success securing a property as the lower end of the market is also in high demand from the same 30 to 40 years age group of buyers who have the skills and experience to extend and renovate.
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Mixed price performances in Hunter, with Singleton still in decline: HTW

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This year has been a strong period for the ACT property market with most Canberra suburbs recording a median price growth, according to Herron Todd White’s latest monthly market report.
The property advisory firm says that active sections of the market include standard housing at the entry level price points in some Canberra fringe and outer suburban locations.
Generally purchasers are looking for large blocks within established suburbs that provide access to good education and employment services.
Entry level price point for this style of housing ranges between $450,000 and $550,000. Most homes within this section of the market provide three and four bedroom accommodation, generally built circa 1975 and in many cases are ready for some renovation and upgrading. An example would be a three bedroom home at <a href="https://www.realestate.com.au/property-house-nsw-queanbeyan-122913366" target="_blank">34 Brereton Street</a> (pictured above) that is for sale for $549,000.
Inner suburban locations in Canberra’s north and south set a higher price point at generally $1 million plus. This section of the market is also relatively buoyant with families looking to move up the property ladder with their second or third purchases.
Again block size, location and proximity to schools and other services are the main drivers. This section of the market ranges from $1 million to around $2.5 million. Market activity for property in the $3 million plus price point is slower, although transactions have still been recorded at the higher levels throughout 2016.
Herron Todd White noted that property prices in medium density areas is impacted by strong supplies.
"Price points in the medium density market range from $250,000 to $300,00 for a one bedroom unit recently constructed in a fringe Town Centre location, to $400,000 to $500,000 for a centrally located unit in Canberra’s inner north or inner south," said the report. "Both investors and owner occupiers are active, however strong supply within the medium density market has had an impact on activity."
With similar results expected for next year, this year’s hottest suburbs include entry level areas on the fringe of the ACT right through to prestige suburbs in Canberra’s inner south.
Domain senior economist Andrew Wilson says that pinpointing the strongest suburbs is trickier in Canberra than it is in other cities.
The nation’s capital is home to a compressed market, with a higher entry point in affordable suburbs and a lower entry point in prestige suburbs, when compared to Sydney and Melbourne, Dr Wilson says.
“When the market rises, it rises as a whole. Most suburbs will record price growth in 2016.”
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Property market in Canberra strong with suburbs recording median price growth: HTW

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Glen Waverley has experienced a considerable slowdown in comparison to this same time 12 months ago, according to Herron Todd White’s latest monthly market report.
The property advisory firm says that this was expected as rapid growth rates were not sustainable and the change in foreign investment rules reduced the number of competing buyers in the market.
"Although those properties located within prestigious school zones are still achieving high market sale prices due to modest competition between local and overseas buyers, it is those secondary properties located outside the school zones which tend to be the slowest," the report noted.
Within Wantirna South, the most favoured price point tends to be between $750,000 and $950,000. For this, buyers can expect to purchase a partially renovated or updated three to four bedroom, two bathroom house on a 600 to 800 square metre block of land. There's also three bedroom house and land package at <a href="https://www.realestate.com.au/property-house-vic-wantirna+south-123796566?listingType=buy" target="_blank">Lot 334 Harcrest Boulevard </a>(pictured above) that is for sale for $758,930.
This particular price point tends to be favoured by more established families and investors, both groups with a heavy Asian influence. Many buyers are attracted to the area because of the high performing schools and proximity to local amenities.
The report noted that outer east suburbs such as Healesville, Upwey and Tecoma tend to be favoured by young families and first time buyers due to the more prominent sale prices of between $500,000 and $550,000.
Herron Todd White noted that these kinds of properties, although large, tend to be in need of renovations due to their old original condition.
"These properties, although generally quite large, tend to be in their original condition and in need of updating," the report said. "Interestingly however, weatherboard properties tend to fetch a premium in comparison to their brick veneer counterparts, with purchasers favouring this style."
Herron Todd White observed that properties in Croydon that are up to five years old are preferred by buyers.
"With the increasing number of subdivisions occurring or which have occurred within recent years, properties in Croydon which are either new or up to five years old tend to be preferred by purchasers. Similar to other suburbs, families are the predominant purchasers, however retirees looking for a home which requires minimal maintenance and upkeep are also favouring these new units.
"Furthermore the suburb is considered as more leafy than its neighbours which again suits both sets of purchasers."
The price point in Croydon most favoured tends to be between $650,000 and $720,000 and for this buyers can expect to secure a three bedroom, two bathroom townhouse with approximately 150 square metres of living.
In contrast the $1 million to $1.2 million range is perhaps the slowest. The number of properties in Croydon which sit within this price range is limited and those which do come onto the market can take some time to sell, the report said.
HTW suggested buyers of such properties tend to be local residents looking to upgrade to a larger home, however, similar to the outer eastern suburbs, at this price point weatherboards are favoured and tend to sell much faster.
The $1 million plus price seems to be the key pulling factor preventing more sales from proceeding. Purchasers at this price range also have neighbouring suburbs such as Ringwood and Ringwood East to consider, both of which are closer to the Melbourne CBD and benefit from their proximity to newly refurbished local amenities.
Relatively affordable homes (roughly $400,000) in the newer estates in Melbourne's south east are in hot demand.
"This demand typically comes from first home buyers, investors and downsizers," the report said.
"For this price, a new or recently built three or four bedroom home can be purchased depending on the quality of finish.
"Many agents are reporting that their biggest problem at the moment is finding new listings.
"Once they have the listing, the house practically sells itself. According to one agent in Officer, an existing home recently sold within three hours of it being listed on the market."
HTW noted there are still rural lifestyle properties located in parts of Officer that haven’t been overtaken by new estates and some of these sales fetch over $1 million.
However these properties are not in high demand and take far longer to sell.
Buyers in this market commonly represent older couples and families looking for a location further from the city.
Herron Todd White advised that properties the lifestyle market was slow by contrast: "Representing not necessarily a dead market, but a market not as active as that mentioned earlier. It can be assumed that this is a result of the higher price point and a product that’s not in as much demand as those in the estates."
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Glen Waverley in considerable slowdown: HTW

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The yoga devotee Eriko Kinoshita has sold her beachfront home in Newport for about $8 million.
The retreat had $11 million plus hopes on its initial listing last October, which were revised to $10.8 million expectations a year into its marketing.
The three bedroom Myola Road home - a fusion of timber, copper, bronze, steel and concrete surrounded by Japanese-style gardens - was designed by the local architect Peter Stutchbury about a decade ago. 
The 1150 sq m block cost $750,000 in 1992. Kinoshita co-founded Yoga Aid International with husband Clive Mayhew.
It was marketed as a residence of zen-like simplicity and serenity.
This article was first published in the Saturday Daily Telegraph.
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Peter Stutchbury designed Newport trophy home sold

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Real estate sales and transparency don’t always go hand in hand, but Australia seems to be do it better than the rest of the world.
With just the UK doing better, estate agency JLL’s latest Global Real Estate Transparency Index ranks Australia second among 109 markets across the globe.
Reduced purchasing and ownership risks means greater attraction.
JLL considered factors such as the availability of market data, governance, transaction processes, property rights and the regulatory and legal environment. 
Australia has a strong legal framework to define and protect property rights and an open and established bidding process, said the JLL head of Australasian research, David Rees.
“The market has a long history of transactional and time series data-information across all the major metrics, data is easily accessible to most participants,” Dr Rees said.
Dr Rees said evidence from the past 12 years of the survey pointed to a correlation between market transparency and investment volumes for both commercial and residential property.
Australia's safe haven status is a key reasons behind the investment of the Chinese whose major cities Beijing and Shanghai sit in the semi-transparent category.
Dr Rees says the rapid growth of cross-border investment means that investors place a big premium on accurate and timely information.
Australia is indeed fortunate to have CoreLogic's home value index, which is the most sophisticated hedonic benchmark in the world.
<div>
CoreLogic's numbers follow adjustment for the types of homes that are sold in any period by collating their land size, location and specific attributes, including the number of bedrooms, bathrooms, car spaces and so on.
</div>
<div>
Thier method harnesses the actual sales to "reprice" Australia's entire stock of 9.7 million homes, rather than relying on the five per cent of stock that might trade in any given year. 
</div>
<div> </div>
<div>CoreLogic reportedly invests $20 million a year maintaining its real estate data base.</div>
<div> </div>
<div>
Australia status is under threat given the decision last month by the Baird Government to sell the NSW land titles registry.
The land registry is crucial for the security of property ownership as it guarantees the title to everyone’s land.
Its pending sale to a private operator has not been on the public radar, but Margaret Hole, a former president of the NSW Law Society, has been among those who've raised concerns.
Under our world class Torrens title system the land title is guaranteed by the independent scrutiny of the State Government. However once the system is privatised, the government guarantee will be downgraded with an inevitable less reliable service than the one I've seen whenever visiting the land titles office over the past three decades. 
The trained government staff have required sound knowledge of the survey process, legal matters related to plan and title examination, road redefinition, council requirements, strata and community title legislation, the Railways Act, the Pipelines Act and many other regulations.
Once it is private hands, and the current checks and balances are reduced, it's thought title insurance will become essential for the 200,000 plus annual land transfers potentially costing home buyers $500 million annually.
Land title insurance has been unnecessary because the integrity of the system of registration since 1863 with fewer than a handful of claims annually against the Torrens Assurance Fund.
The UK government recently considered privatising its land registry, but hasn't proceeded when it was revealed that all the bidders were linked to tax havens.
Tax havens, after all, don't do transparency.
</div>
This article first appeared in The Daily Telegraph.
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