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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Steeped in book publishing history, the Lane family's Somers beachfront estate on the Mornington Peninsula has been sold.
Around $3.3 million was secured through Jellis Craig agent Iain Carmichael in conjunction with Kay &amp; Burton who had passed in at April auction on a $3.4 million vendor bid.
The seven bedroom home was listed by Elizabeth Lane, research author and daughter of Penguin Books co-founder Richard Lane.
Originally purchased by the Lane family in the early 1980's, the family commissioned Young, Lehmann Architect to design their early 1990s house on the sand dune landscape amid David Wood landscaped gardens complete with tennis court.
Ms Lane has maintained thousands of Penguin books - with their bright orange spine - which she intends to gift to the University of Melbourne library. 
This article was first published in the Weekend Australian Mansion Australia property section.
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jchancellor-FAypfDUnLy

Somers beachfront steeped in book publishing history sells

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Children aged 8-12 years can build and take home a model house as part of a Sydney Architecture Festival event held Sunday 2 October.
As part of the festival, the family event 'Supermodels: Architects of Tomorrow' starts at 10am and goes until midday.
It is being held at The Brewery Yards Market, 28 Broadway, Chippendale. Kids will be given kit of parts with everything needed to make a model of an Australian house based on the one pictured above designed by James Grose.
To register for the event, <a href="https://www.eventbrite.com/e/supermodels-architects-of-tomorrow-tickets-27270011338" target="_blank">click here</a>.
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jonathanchancellor-7SQnKwU6yx

Architecture event built for kids

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Osborne Park takes the equal top spot as Perth's 2016/2017 hotspot for investing in units with an expected increase of two percent over the next 12 months.
The current median price for Osborne Park currently sits at $386,000, according to APM, in their forecast developed by APM senior economist, Dr Andrew Wilson.
An example would be a two bedroom unit at <a href="https://www.realestate.com.au/property-apartment-wa-osborne+park-120113073" target="_blank">7/154 Edward Street</a> (above) that is currently on sale from $425,000, which is $39,000 above the median price.
<img src="/images/2016/09/22/7154%20Edward%20Street.jpg" alt="">
Similarly a two bedroom unit was recently sold at <a href="https://www.realestate.com.au/sold/property-unit-wa-osborne+park-119045595" target="_blank">6/67 McDonald Street</a> (below) for $392,000, which is $6,000 above the median price.
 <img src="/images/2016/09/22/Unit667%20McDonald%20Street.jpg" alt="">
The Smart Investor magazine, published by Fairfax Media, ranked Joondanna as equal best hotspot.
Suburb             Postcode               Median price             12 month forecast
Osborne Park    6017                     $386,000                        2%
Joondanna        6060                     $419,000                        2%
Burswood         6100                     $488,000                         1%
Bayswater        6053                     $385,000                         1%
Shoalwater       6169                     $290,000                         1%
Nedlands          6009                     $650,500                         1%
Hamilton Hill     6163                     $360,000                         1%
Willeton            6155                     $535,500                         1%
Tuart Hill           6060                    $310,000                          1%
Yokine               6060                    $417,500                          1%
 
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j.ballantyne1990-6AQqhLzZaK

Low price growth but Osborne Park ranks atop 2017 Perth hotspots list

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The traditional Victorian terrace home is seeing big change, as smaller lot sizes and buyers who have family elders staying with them redefine the family home.
Developer Mirvac is adapting to this shift with its 240 terrace-style homes at its Tullamore masterplanned community in Melbourne’s Doncaster, with the 134 released to date selling out. 
The emerging shift towards multi-generational living coupled with the unique needs of empty nesters has led to a reinvention of the traditional family home, according to Mirvac. 
Multi-storey designs on smaller blocks of land that feature private downstairs quarters are increasingly becoming the norm, over traditionally expansive single-level family homes. Many buyers are requesting studies and home office areas on the ground floor to be changed into self-contained master suites for older generations of families to live in.
In addition, attached tri-level homes that share common walls are providing a new take on the traditional Victorian terrace in new-build communities. 
Mirvac’s head of Residential, John Carfi, said in recent months the company’s architects had redesigned a swathe of homes in Melbourne to cater to the changing needs of buyers. 
“The traditional family home is undergoing a major makeover as our largest demographic – the baby boomers – ages and their housing needs change,” he said. 
“Our ageing population, coupled with record migration, is resulting in a new style of family home that costs less to maintain and is more flexible in its layout.” 
Tullamore has seen strong interest from international families, among whom multi-generational living is the norm, according to Mirvac.
At Tullamore, Mirvac has also introduced some feng shui elements to cater to the market.
“This is a new era in housing that will change the look and feel of parts of our suburbs, just as duplexes and townhouses did in the 1990s,” he said.
Mirvac has a pipeline of 14,000 new dwellings across Australia, which are expected to add to the market over the next four years, 
Mirvac architect Andrew La, behind the home designs at Tullamore, said a key factor in the evolution of housing was the increasing demand for smaller lot sizes by purchasers who don’t want a large backyard to take care of. 
Over the past five years, average lot sizes across Australia have shrunk. However, at Tullamore, Mirvac has increased lot sizes for its premium homes that offer city views and access to an adjacent reserve. 
“The lock and leave lifestyle whereby a resident can enjoy less maintenance on a property is a key factor in new home design today,” La said. 
“It is resulting in a reinvention of the traditional Victorian terrace home. With shared walls and height across three levels, the modern Victorian home offers purchasers much less maintenance, without compromising on space or style.”
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Mirvac sees shift in traditional family homes with generational living  

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The last stage of the apartment project in Sydney’s Summer Hill, known as The Flour Mill, which innovates on the concept of the original flour mill there, will be launched officially on September 24.
The original flour mill was built by Mungo Scott in the 1920s. It was redesigned by HASSELL and developed by EG and Daiwa House. 
Construction on The Flour Mill began in early 2015 and the final stage will unveil 135 studios, one, two and three-bedroom apartments located across the remaining buildings which comprise the Durum Silos, The Wheatstore and The Granary. 
The residential development comprises 360 apartments and terraces surrounded by landscaped communal gardens, retail spaces and easy access to the light rail and train station. 
Since its launch in 2014, Stage 1 and Stage 2 have sold completely. 
The four circular towers of the original wheat silos, dubbed the Durum Silos now form 56 apartments across 14 storeys, at the peak of which sit two penthouse apartments with roof terraces enjoying 360 degree views. 
The Granary has been converted to one and two bedroom apartments that mimic the scale of the original buildings on this site. 
The Wheatstore’s triangular structure stands out as the only design within the Flour Mill that started from scratch. It houses 27 two and three-bedroom apartments. 
EG’s development manager Raja Jamal said the focus was community and connectivity. 
“Summer Hill hosts a strong, connected community and we are excited to bring together the new and the old residents,” says Jamal. 
“The new retail precinct and integrated communal public park will complement the vibrant high street and existing village atmosphere.” 
Collier’s International is marketing the project and has started taking enquiries for the last stage. 
Colliers’ residential director Ian Bennett said, “The majority of buyers in Stage 1 and 2 were locals looking to buy a piece of the area’s history, with investors and first home buyers looking at the one and two-bedroom apartments due to the connectivity with the light rail, train station and bus services all flanking the development,” said Bennett.
The Flour Mill’s completion scheduled for the end of 2018. 
For more information, <a href="https://summerhillflourmill.com.au/" target="_blank">click here</a>.
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Last chance to buy a piece of history in Sydney’s Summer Hill 

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The $150 million expansion of Narellan Town Centre in Sydney’s south-west is expected to be complete later this year, with the mall’s floor space set to double to 70,000 sqm. 
The northern section of the Town Centre is due for completion late 2016, with the overall development expected to be completed mid-2017, according to the Buchan Group, which is working on the redesign and upgrade.
Among the improvements is a sky bridge over Camden Valley Way that joins the existing southern shopping precinct to the new northern sector. 
The Buchan Group was appointed by Dart West Developments in 2009 to provide architectural and interior design services to the project, revising the centre’s original design concept to create a modern town centre.
The Town Centre is expected to act as a catalyst for further developments in the area and surrounding suburbs.
The Buchan Group’s project director Anthony Palamara said upon completion the new building would “redefine Narellan Town as a new central hub and town centre for Sydney’s south west”.
“The project brief was developed in conjunction with Council and the owners Dartwest Developments. The process involved the consideration of international and local benchmarking to create a major townscape adorned with hard and soft landscape, flanked by restaurants and an active plaza space,” he said.
<img src="/images/2016/09/22/Narellan2.jpg" alt="">
“In terms of standout features, this adjoining sky bridge is the pinnacle of the centre’s extraordinary design as it links the north and south retail precincts seamlessly and effortlessly for shoppers.”
The expanded town centre will rival other major shopping centres in the area, including Macarthur Square in Campbelltown, according to the media release.
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Narellan Town Centre in western Sydney all set to sport new look

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The developers of the Pacific Bondi, Rebel Property Group's Allen Linz, Capit.el Group's Eduard Litver along with Gil Baron have splashed out $19.12 million for one of Bondi Beach's most iconic retail premises, the 1951 Bates Milk Bar.
<a href="https://www.realcommercial.com.au/property-retail-nsw-bondi+beach-502077466" target="_blank">The 124 Campbell Parade corner milk bar</a> was known for its choc-malt milkshakes until its closure in 2001.
It sold at just over 3 percent given heavy competition from developer, Theo Onisforou who was the underbidder for the premises on the corner of Campbell Parade and Hall Street.
Developer Danny Avidan, who recently secured the Bronte RSL site, also attended the 45 minute auction which saw a $10 million opening bid.
The buyers plan to redevelop the property which is currently leased to retailers Platypus Shoes, Natalie Alamein, Mezi Retail and Gelatissimo.
This article was first published in the Saturday Daily Telegraph.
 
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Bates Milk Bar at Bondi Beach sells for $19.12 million

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A mixed-use apartment project in the Brisbane suburb of Upper Mount Gravatt was launched to the market this month and is being exclusively marketed by Savills Residential Projects.
The $96 million development, Avion Residences (<a href="https://www.avionresidences.com.au" target="_blank">www.avionresidences.com.au</a>), will have twin 15-level towers linked by a sky bridge.
The development’s 174 apartments come as either two- or three-bedroom units priced from $449,000. Apartments range in size from 81sqm to 160sqm.
There are two sub penthouses as well. Shared spaces include a swimming pool, outdoor cinema, private dining room, relaxation zones and a barbecue area.
The retail area will include a shared two-level commercial podium and shops. 
It is the first Brisbane venture for Raykong Property, which gained development approval for Avion Residences in July. 
Project manager Michael Sutherland of PDS Group said the public launch of Avion Residences was timed to meet the growing need for quality residential apartments in Upper Mount Gravatt.
“Avion Residences will play its part in the gentrification of Upper Mount Gravatt which, as a suburb, figures strongly in the Queensland Government’s CBD decentralisation strategy.”
The project is located on Cremin Street, close to Griffith University’s Mount Gravatt and Nathan campuses, the M1 and South East Busway.
“Avion Residences is tapping into the strong demand for apartments in the area,” he said.
Savills Residential Projects state director Peter Neale said the early buyer interest in Avion Residences had surpassed expectations.
“People are drawn to the project’s proximity to amenities, universities and public transport options,” he said, adding that expected buyers would be a mix of owner-occupiers and investors looking for strong growth and yields.
“Because of the location and style of the building, investors are seeing capital growth potential and strong rental yields from young executives living in the area,” he said.
“We anticipate however, that owner occupiers will account for 60 per cent of our apartment buyers because the sheer size of these residences means they don’t have to compromise on space when downsizing.”
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Twin-tower apartment project in Brisbane's Upper Mt Gravatt launched

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Savills Project Management has received their second accolade in recognition of their project management services on the recently completed 180 Brisbane - the Sustainable Projects award for Queensland at the recent Australian Institute of Project Management (AIPM), 2016 Project Management Achievement Awards (PMAA).
Earlier this year, the team took home the Building Consultancy and Project Management Team of the Year award for the fourth year running, at the 2016 RICS (Royal Institution of Chartered Surveyors) Australian Awards, for their involvement with 180 Brisbane by Daisho.
The PMAA, which this year took place at Brisbane City Hall, recognise, honour and promote outstanding achievements in program and project management.
The Sustainable Projects award shines the light on projects that demonstrate project management excellence in delivering sustainable outcomes from a social, financial and environmental viewpoint, as well as those that have embedded sustainability principles and practices into their project execution processes and organisational culture.
180 Brisbane by Daisho (above) is an iconic PCA A-Grade commercial tower of approximately 59,000sq m of NLA over three levels of retail and 31 levels of office space. The $300 million project is the first in Queensland for Japanese property developer Daisho Co Ltd and also the first commercial high-rise development to be built in Brisbane on spec (without pre-commitments of tenants) since the Global Financial Crisis. 
It is a model example of practical sustainability, being the first commercial project in Queensland to achieve a 6-star GBCA Green Star V3 design rating. It is also targeting, and expected to achieve, a 6-star Green Star As-Built rating and 5.5 NABERS rating.
Multiple sustainability initiatives were incorporated into 180 Brisbane's design, with the building featuring a gas driven Tri-Generation Engine and Absorption Chillers, a diesel driven generator for back-up power, solar power and water heating systems, and grey water and rain water harvesting systems. It also incorporates a public plaza to connect the new tower with the existing commercial tower of 192 Ann Street.
The positive and healthy work environment 180 Brisbane by Daisho presents to its tenants is further supported by its significant end of trip facilities which consist of over 281 bicycle racks including visitors, 402 lockers and 24 showers and change rooms.
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Savills wins awards for 180 Brisbane project

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<img src="https://counter.theconversation.edu.au/content/65434/count.gif" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
The recent battles over the budget of the Australian Renewable Energy Agency (ARENA), and before that over the size of the Renewable Energy Target, are the latest skirmishes in a long-running war over support for technologies that harvest Australia’s abundant wind and solar resources.
Perhaps surprisingly, the conflict even predates the popular awareness of climate change, which is generally dated to 1988.
UNSW Australia’s Mark Diesendorf has described how in early 1983 he and his colleagues had identified an ideal site in northern Tasmania for a wind farm. They presented their proposal to Labor’s newly appointed resources minister, Peter Walsh.
"We submitted a proposal that the federal government fund a demonstration wind farm and assist in establishing a local wind generator manufacturing industry in the region, which was suffering from high unemployment. The next day, Senator Walsh announced that a northwest Tasmanian wind energy project could be a part of a development package, if the Commonwealth was successful in the High Court challenge to the construction of the Gordon-below-Franklin dam."
The Commonwealth won its High Court battle, but the wind industry did not get its windfall. As Diesendorf recalls:
"The federal government did not implement our proposal. It was soon obvious that the coal lobby, which was already very strong in the Department of Resources, had succeeded in turning the minister against wind power."
At the same time, CSIRO, a world leader in several areas of renewables, closed down all of its renewable energy research. In Diesendorf’s view this was brought on by powerful coal interests within CSIRO. In the absence of deathbed confessions by those who made the decisions, Diesendorf’s suspicions can’t be proved correct, but renewables did indeed disappear from CSIRO’s research agenda and annual reports from that time.
Once climate change hit the headlines, things changed – a little. In 1990 the Hawke government established the Energy Research and Development Corporation (ERDC) and launched a National Energy Efficiency Program. Meanwhile, research commissioned by the Victorian government found that renewable energy, paired with energy-efficiency measures, could save A$3.14 billion a year by 2005, create almost 14,000 jobs, boost economic productivity by A$800 million a year, and cut greenhouse emissions into the bargain.
But privatisation took hold in Victoria, and the Keating government in Canberra seemed indifferent at best. In 1994, green groups including the Australian Conservation Foundation called for a carbon levy to provide funds for renewable energy. Their request was ignored.
<h2>Renewables back on target</h2>
In 1996 the new Howard government disbanded Bob Hawke’s ERDC and energy efficiency program. In late 1997, in the run-up to the Kyoto climate summit, John Howard announced a new Renewable Energy Target (RET).
Greens leader Bob Brown was underwhelmed. He pointed out that the scheme’s A$65 million over five years was less than the A$75 million that had been axed the year before, while the target of an extra 2 percent of electricity from renewables (making a total of 11 percent including existing large-scale hydro electricity generation) fell short of the ambition shown by other nations. Britain, for instance, was aiming for 20 percent by 2010.
The RET finally came into place in 2001, after the fossil fuel lobby succeeded in getting it watered down, and was subjected to constant reviews.
Infamously, at a secret meeting whose minutes were leaked, the then energy minister, Ian MacFarlane, lamented to the chief executives of companies like BHP and Rio that the RET was working too well – renewables were growing too fast.
In the run-up to the 2004 Energy White Paper, the renewables industry had hired well-connected lobby firm Crosby Textor (yes, Crosby as in Lynton Crosby) in a bid to get the RET raised to as much as 10 percent.
According to Age journalist Richard Baker, a Liberal backbencher warned the renewables advocates that “you guys are stuffed". And so it came to pass – the white paper spruiked carbon capture and storage, not renewables.
In the white paper’s aftermath, CSIRO boss Geoff Garrett announced that the organisation would be reducing its renewables research and instead focusing on “clean coal” technologies such as coal gasification and carbon capture and storage.
Months later, a draft copy of an August 2005 CSIRO report describing solar thermal technology as “the only renewable technology that can make deep cuts in greenhouse emissions” was leaked to The Canberra Times. Before the leak, sources claimed the report had been “passed around like a political hot potato” with no date set for its release. It was eventually released to the public later that year.
<h2>Bloody public battles</h2>
Since 2007 the battles have been more public and even bloodier. An attempt to harmonise (and perhaps increase) different state and federal targets (all with different baselines, target years and amounts) was a dispiriting process. This was due in part, it seems, to federal bureaucratic intransigence and arrogance.
The major changes have been an increase in the renewables target, split into large-scale (wind farms, solar farms and the like) and small-scale (mostly rooftop solar). That increased target was of course subjected to significant watering down by the Abbott government.
Meanwhile, the two agencies that were set up to support renewable energy have also come under attack. The Greens, whose support was a life-and-death issue for the Gillard government, had managed to insist on the creation of ARENA and the Clean Energy Finance Corporation.
Between them, these two organisations were designed to ensure funding both for basic research and development and for commercialisation of the resulting technologies, thereby smoothing the path for renewables to enter the electricity sector.
The attacks on these organisations have helped create investor uncertainty in renewables. Efforts to close them down ultimately failed, so the Abbott government switched to changing their terms of reference. The Turnbull government has continued this, along with salami-slicing ARENA’s budget.
This investment uncertainty, deliberately created, is a kind of “divestment campaign” against renewables. It can also be seen as a way of provoking an “investment strike”.
Whereas the mining industry threatened to take its investment dollars elsewhere while fighting Kevin Rudd’s proposed Resources Super-profits Tax in 2010, in this case, the supporters of the status quo energy system are hoping to dissuade external investors from coming to Australia. Thus do incumbents defend their patch.
Australia is famously the “lucky country”. But of course, Donald Horne meant it ironically, believing that the country was richly endowed with resources but “run mainly by second-rate people who share its luck”.
Given what we know of the trajectory and probable impacts of climate change, nobody, surely, will be able to be claim surprise as the future arrives.
Marc Hudson is PhD candidate, Sustainable Consumption Institute, University of Manchester and author for The Conversation. He can be contacted <a href="https://theconversation.com/profiles/marc-hudson-180939" target="_blank">here</a>.
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