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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Half of the properties featured on the Top Ten Nationwide Discounted Properties from SQM Research for this week are in Perth and the price of a Victorian Greyhound kennel has been reduced 33 percent since listing.
Louis Christopher, SQM research managing director said house and unit prices have been falling for some time in Perth, as have rents.
"Elsewhere, there are bargains," he said.
"The fully functioning Greyhound kennel in the small Victorian township of Tooradin is still on the market despite a 33 percent reduction in price, with no buyers emerging from NSW where greyhound owners are still coming to terms with the racing ban there.
"Properties in Western Australia still account for five out of the 10 on the list, as the mining downturn slowly erodes what remaining wealth there is there in property in that state.
<a href="/images/2016/09/28/Screen%20Shot%202016-09-28%20at%203.52.42%20PM.png" target="_blank">Click to enlarge</a>
 
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Perth property price decline continues: SQM Research

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Sales rates for new apartments within inner Brisbane experienced a slight decline in the June quarter according to the latest residential apartment market report by Urbis.
Paul Riga, associate director at Urbis said this has been on the back of political and regulatory distractions, however the outcome is that supply of new developments coming to the market – the future pipeline of apartment product has started to self-regulate. 
“Primary factors driving the slowing supply of product are increasing construction costs, high development site acquisition costs, a competitive pricing market, and added costs required to give developments a point of difference," he said.
“These factors have culminated with tightening developer finance across the Inner Brisbane residential market. The positive from this slowdown in future supply is that it will allow product under construction to absorb into the rental market without an ongoing flow of high levels of new apartment supply. 
“The vacancy rate was at 0.6 percent in March quarter 2016, with over 2,350 new and near-new apartments being surveyed across the inner Brisbane.
 “This indicates a significantly tighter rental market when compared to the total inner Brisbane rental market, which recorded a 3.3 per cent vacancy rate for houses and units according to the Real Estate Institute of Queensland (REIQ)."
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<div align="justify">Brisbane CBD luxury apartments priced over $1 million have experienced an average capital gain of $207,241 according to Colliers International, with 29 apartments sold in the last 12 months at an average sale price of $1,515,172.  </div>
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Lily O’Connell, residential project manager at Colliers International said the sales volumes may seem light on, it does indicate that there are not many options in the CBD that suit purchasers with a budget of over $1 million, creating competition in a limited market place.
“As reported by Urbis, there were only four new developments within the CBD over the June quarter, with only two additional projects expected to enter the market in the next six months.
“Due to the demand for quality product within the CBD, Mary Lane’s three bedroom residences are proving very popular, particularly with owner occupiers. 
“These north facing residences are selling for an average of $1.49m and feature 2.7m high ceilings, exclusive on-floor storage and expansive glazing with views to the Story Bridge and Brisbane River. 
“Mary Lane residents can also enjoy hotel services offered by The Westin Brisbane such as in-room dining, maid service, use of hotel spa, bar and restaurants,” said Ms O’Connell.
 
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Inner Brisbane apartment sales slow in June quarter

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Working professionals and the Gen X and Gen Y market is driving demand for concierge services and hotel style facilities in Melbourne's apartment market according to Lendlease. 
Ben Christie, head of apartments for Lendlease’s Urban Regeneration, business said the resident’s model of customer service was on the rise as buyers begin to prioritise help services when choosing an apartment.  
“Buyers are welcoming the future of apartment living by embracing personalised lobby and concierge services," he said.
"We are now seeing purchasers demand more from their building’s amenities, which they have probably underused in the past." 
Such services include help with move-ins and move-outs, sign for mail on behalf of residents, remember the names of residents’ regular family members and guests, provide personal assistant services such as making dinner reservations, ordering food, reserving tickets, and other housekeeping and maintenance jobs.
One local residential complex with such facilities is Melbourne Quarter’s Club MQ.
It offers residents a hotel-style grand arrival entrance to Club MQ (off Flinders Street) with undercover drop-off and concierge service, secondary pedestrian lobby to the Club MQ and apartments off the precinct neighbourhood park, residents library and lounge, theatrette for 20 people and three internal private dining areas featuring outdoor terraces and BBQ amenity aside from the actual gym and pool facilities.
The gym facilities include a  25m indoor heated pool, custom designed 20+ seater spa (size to be confirmed), separate steam room, sauna facilities and change room amenities located on the pool level facility area, gym and multipurpose yoga/function room overlooking the pool area.
The levies for Club MQ, the wider residential precinct amenity and common areas will be shared by all apartment owners within the residential precinct (MQ East Tower and two remaining residential towers on site) on the completion of the development.
The project will be completed in stages over the next six years with the entire residential precinct expected to reach completion by mid-2022.
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Swimming pool at Lendlease project growing concierge culture converts CBD apartment buyers

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Matraville is set for a new residential development for August 2017 with the construction of Verge.
Verge Matraville encompasses a collection of 22 two and three bedroom apartments, with many enjoying city, Botany Bat and surrounding parkland views.
Prices for the apartments start from $865,000 for two bedrooms and $995,000 for the three bedrooms.
A colour palette of turquoise blue and green inspired by the ocean contrasts with tones of pastel oranges, wile grey oak timber graces the floor.
The gourmet kitchens feature CaesarStone bench tops, breakfast bars and splash backs.
The building will also feature street-level retail spaces.
For more information, <a href="https://www.vergematraville.com.au" target="_blank">click here.</a>
 
 
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Verge Matraville set for August 2017 completion

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If you are looking for luxurious living away from the din and bustle of the city, Shawood homes in Gledswood Hills in Sydney’s southwest Macarthur region could be just the thing for you.
Set within the Donohue's View precinct at The Hermitage estate, Shawood homes by leading Japanese developer Sekisui House are set over one or two levels, offer four-bedrooms, multiple living areas, study and ample storage.
Other features include open plan interiors, plenty of natural light and reverse cycle, ducted air conditioning for year-round comfort. The rear and front yards are landscaped. 
In addition, access to more than 35 hectares of parklands, cycle and pathways and a golf course. The development is expected to be complete in 2017.
For more information, <a href="https://www.shawoodaustralia.com.au" target="_blank">click here</a>. 
<img src="/images/2016/09/23/Shawood1.jpg" alt="">
 
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Shawood homes in Sydney's Gledswood Hills promise luxury and comfort

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De Dacha, the cute ski chalet in the Thredbo village which came with a $2.5 million asking price, has been sold by the former society model, Fiona Campbell.
It last traded in 1994 when a record $810,000 was paid Campbell and her then publisher husband, Matt Handbury to the the village developers, Lend Lease.
Overlooking the duck ponds, the European alpine-style lodge ranks as the loveliest of the village's private abodes.
The red-shuttered Da Dacha is a stand alone chalet which offered four bedrooms, four bathrooms, a lounge room with wood burning fireplace and a dining area with an office nook.
It was a $8000 a week peak season rental.
The lodge was designed by Lend Lease resort manager Albert Van der Lee, who occupied the lodge from 1962 to 1984.
Its building cost was a mere $28,000.
Following her split with Matt in 2001, Fiona famously received Point Piper's Altona, one of Australia's great harbourfront trophy homes, and De Dacha in the matrimonial settlement.
She sold Altona in 2002 for a record-breaking $28 million to hotelier Deke Miskin and his wife Eve.
It was followed by a marriage to a titled Englishman, the 10th Earl of Dartmouth William Legge, the grandson of the romance novelist Barbara Cartland, the son of Countess Raine Spencer, and stepbrother to Princess Diana.
De Dacha was listed by local estate agent Doug Edwards at Mountain High Real Estate. No sale price has yet emerged on the Kosciusko Thredbo sale records.
It has been a busier than usual snow season for property sales with whispers the famous Bernti's premises have been sold.
It still retains the name of the former hosts, Bernd and Tricia Hecher, the always welcoming couple who built their mountain ski lodge in the late 1970s.
He was the stonemason, turned ski instructor and she was the clerk of works, who became the leader of opinions in the tiny village. 
Iconic Athol Lodge is in the process of duplex subdivision with one of the five bedroom apartments just listed at $2 million. Orthopedic surgeons outlaid $1.69 million for Jodee Rich's Athol Lodge back in 2004. 
Obergurgl, located on the corner of Buckwong Place and Brindle Bull, seems set for alterations with a two storey master suite being proposed by the Malouf family. They have consulted the original architect Peter Muller.
The Bellevarde is the newest approved development with construction starting early next year by the veteran snow developer John Fielding.  
This article was first published in the Sunday Telegraph.
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jchancellor-FAypfDUnLy

De Dacha ski chalet at Thredbo sold

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The Australian arm of global property developer, Poly Australia has received development application approval on its house and land estate, Grove Place in Werrington NSW.
Poly has received approval from the Penrith City Council to develop its first house and land masterplanned development just a stone’s throw from the popular hub of Penrith in Sydney’s west.
The development will see the release of 67 lots of land sized between 310sqm to 795sqm and starting from $345,000.
Buyers can commission their own builder, or work with Poly’s preferred builder Rawson Homes, offering buyers the opportunity to design and build the most suitable home for each individual block of land. 
Poly Managing Director Arthur Wang said Poly was excited to receive DA approval for the 30,610sqm site at 229 Victoria Street in Werrington, which Poly anticipates will be a significant opportunity for young families, owner-occupiers, first home buyers and even savvy investors.
“Werrington is well and truly an up and coming suburb, and with nearby town hubs of Penrith and Parramatta on your doorstep, and a raft of transport amenities including Werrington Railway station, and proposed investment in new road infrastructure it is an attractive option for a range of buyers,” he said. 
“Young families will find Grove Place an ideal location with a childcare centre just a few seconds walk from the site, and over 15 hectares of parkland reserves and sporting grounds.”
“When you consider that with the same money you may only be able to purchase an apartment in nearby Parramatta or Penrith, Werrington’s Grove Place becomes a highly attractive option for not only young families, but savvy investors,” he said.
Grove Place by Poly starts construction in the first quarter of 2017 with the first homes expected to be completed by early 2018.
The project’s approval comes at a time when the western suburbs of Sydney are seeing major growth and infrastructure investment including Sydney proposed new airport in Badgerys Creek.
Werrington is a family-friendly suburb located in close proximity to the Napean Hospital and University of Western Sydney. The suburb includes a childcare centre, youth centre and community hall directly located adjacent to the masterplanned estate.
The site is located just five kilometres from the Penrith town centre which offers a range of retail and lifestyle amenities with easy access to other nearby town centres including St Marys and Blacktown. 
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Poly receives DA approval for Grove Place

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It has been another strong week for auction activity. There were 2,445 auctions held across the combined capital cities with a preliminary auction clearance rate of 78.3 percent this week, according to CoreLogic's latest report. 
Last week, the final auction clearance rate was recorded at 76.2 percent with 2,149 residential properties taken to auction.
At the same time last year, auction volumes were higher (2,835) with a clearance rate of 69.7 percent. Over the first four weeks of Spring, auction clearance rates have consistently been recorded at a higher rate than over the corresponding weeks last year, while auction volumes remain around 20 percent lower.
<a href="/images/2016/09/26/Capital%20city%20clearance%20graph.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/26/Capital%20city%20clearance%20graph.jpg" alt="">
In Melbourne, Australia’s largest auction market, 79.1 percent of the 946 reported auctions sold this week. There were 1,090 auctions held across the city this week, up from 965 last week when the final auction clearance rate was 77.8 percent and lower than the 1,201 auctions held one year ago, which returned a lower clearance rate (72.7 percent).
The Inner region of Melbourne had the highest number of auctions this week (224), with a preliminary clearance rate of 75.5 percent. Meanwhile, the strongest clearance rate was 89.7 percent recorded across the Mornington Peninsula region, followed by 83.5 percent across the Inner South region.
<a href="/images/2016/09/26/Melbourne%20clearance%20graph.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/26/Melbourne%20clearance%20graph.jpg" alt="">
Across Sydney, 930 homes were taken to auction this week with a preliminary clearance rate of 84.4 pe cent across 770 reported results. Last week, the final clearance rate for the city was 81.6 percent, across 815 auctions. One year ago, 1,200 Sydney homes were taken to auction and the clearance rate was 71.7 percent.
This week, the performance across Sydney’s individual sub regions was varied. Across the Outer South West region, where 10 results have been reported so far, the preliminary clearance rate was 70.0 percent, while the Central Coast had a 100 percent success rate of the 14 reported auctions.
There were four sub-regions of Sydney where more than 100 auctions were held this week and of these, each recorded a clearance rate in excess of 70 percent, with Eastern Suburbs (88.3 percent) and North Sydney and Hornsby (88.2 percent) the strongest performers.
<a href="/images/2016/09/26/Sydney%20clearance%20graph.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/26/Sydney%20clearance%20graph.jpg" alt="">
There were 144 Brisbane homes taken to auction this week, with 103 results reported so far. The preliminary clearance rate for the city is 51.5 percent, up from 48.4 percent last week and lower than one year ago, when 54.9 percent of the 203 properties taken to auction were successful. Across the Gold Coast 29 results have been reported so far, with a success rate of 58.6 percent (17 sales).
<a href="/images/2016/09/26/Brisbane%20clearance%20graph.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/26/Brisbane%20clearance%20graph.jpg" alt="">
This week, Adelaide saw a preliminary clearance rate of 83.9 percent, with 87 reported results across a total of 126 scheduled auctions. This week’s clearance rate is the highest on record for the city, but has the potential to revise lower as more auctions are reported.
In comparison, over the previous week Adelaide’s clearance rate was 74.7 percent with fewer auctions held across the city (95) and 68.1 percent one year ago across virtually the same volume of auctions.
<a href="/images/2016/09/26/Adelaide%20clearance%20graph.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/26/Adelaide%20clearance%20graph.jpg" alt="">
Perth’s clearance rate of 35.1 percent across 49 auctions is down from the previous week, when 39 auctions were held and a clearance rate of 45.2 percent was recorded.  Over the same week last year, the clearance rate was a lower 31.6 percent, and just 25 auctions were held.
In Canberra, 90 auctions were held this week, and of the 73 reported results, 69.9 percent were successful. Last week, 87 auctions were held and the clearance rate was a higher 72.0 percent. This time last year, results were down 58 auctions held and a clearance rate of 58.5 percent.
There were 16 Tasmanian auctions held this week. 4 were reported as sold.
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Auction clearance rate remains above 70 percent for the ninth week: CoreLogic

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108 Leicester Street is a collection of eight, 5-level residences just two minutes from the CBD, and is quite unlike anything Fitzroy has seen before. 
Designed to meet a growing demand for contemporary luxury in Melbourne’s inner north, each of the standalone abodes has a private entrance, private lift, rooftop terrace, Italian Dada kitchen and Molteni  &amp; Co. bedroom joinery and a long list of other high-end inclusions.
<img src="/images/2016/09/27/Screen%20Shot%202016-09-27%20at%208.42.35%20AM.png" alt="">
With three bedroom residences priced from $1.9-$2.2million 108 Leicester Street is also a 'first of its kind' project for the Fitzroy market.
It is marketed as representative of a 'new level' of luxury gentrification.
The design acknowledges the classic housing genres of the projects neighbourhood; along Young Street the design is a contemporary reworking of traditional Victorian terraces, on Leicester Street it’s a re-imagining of archetypal warehouse conversions, while the corner will create a unique urban landmark that defines a new sense of place.
For more information, <a href="https://108fitzroy.com" target="_blank">click here</a>.
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108 Leicester Street designed for contemporary Fitzroy look

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Top two sales over the past week, for states and territories for the week ending 25 September, according to CoreLogic.
Australian Capital Territory 
10 Cockle Street, O’Conner, ACT 6 bed, 4 bath, 3 car house $1,950,000 Independent Property Group Gungahlin 
37 Coolibah Crescent, O’Conner, ACT 5 bed, 2 bath, 2 car house $1,425,000 LJ Hooker Dickson 
New South Wales 
30 Bronte Marine Drive, Bronte, NSW 4 bed, 2 bath, 3 car house $7,350,000 Phillips Pantzer Donnelley Woollahra 
26 Gold Street, Blakehurst, NSW 5 bed, 4 bath, 4 car house $4,100,000 Belle Property South Hurstville
Northern Territory 
61 Gsell Street, Wanguri, NT 4 bed, 2 bath, 2 car house $615,000 Ray White Darwin 
4 Finlayson Street, Gillen, NT 3 bed, 2 bath, 3 car house $492,500 Elders Real Estate Alice Springs 
Queensland 
121 Towers Street, Ascot, Qld 4 bed, 3 bath, 2 car house $2,300,000 Ngu Real Estate East Brisbane 
586 Lower Bowen Terrace, New Farm, Qld 4 bed, 3 bath, 2 car house $2,100,000 Ray White New Farm 
South Australia 
29 Glenburnie Avenue, Torrens Park, SA 5 bed, 3 bath, 4 car house $1,586,000 Harcourts Platinum 
48 Howard Street, Beulah Park, SA 5 bed, 3 bath, 3 car house $1,368,000 Ouwens Casserly Adelaide 
Tasmania 
58 Lyttleton Street, East Launceston, Tas 4 bed, 2 bath, 2 car house $745,000 Sims for Property Launceston 
49 Bayside Drive, Lauderdale, Tas 4 bed, 2 bath, 2 car house $740,000 Knight Frank Hobart 
Victoria 
107 Mont Albert Road, Canterbury, Vic 4 bed, 1 bath, 2 car house $6,290,000 Jellis Craig Boroondara Group 
15 Howitt Street, Glen Iris, Vic 4 bed, 3 bath, 2 car house $3,010,000 Kay Burton Hawthorn 
Western Australia 
36 Balikpapan Avenue, Dianella, WA 5 bed, 2 bath, 2 car house $1,200,000 Excellence Property Specialists 
5/26 Renwick Street, South Perth, WA 3 bed, 2 bath, 2 car unit $900,000 Porter Matthews Metro Belmont 
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