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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The first residents have started moving into Radius Apartments in Brisbane’s Woolloongabba, with the newly completed development also starting to operate as serviced accommodation.
The mixed-use project by Majella Property Developments at 44 O’Keefe Street comprises 91 apartments with a mix of 35 one-bedroom and 56 two-bedroom units. It is also being operated by Oaks Hotels &amp; Resorts as Oaks Woolloongabba.
Majella chief executive officer Sebastian Monsour said the larger size of the apartments and the overall quality appealed to buyers.
“On average, the apartments are larger than those in other new residential developments selling for similar prices within Brisbane city and fringe suburbs. This has proven very popular with potential buyers as they consider it better value for money,” Monsour said.
The one-bedroom apartments range in size from 79 sqm to 98 sqm, while two-bedroom apartments ranging from 99 sqm to 133 sqm. Apartment pricing ranged from $357,000 to $569,000.
Two commercial tenancies have also sold in the commercial space.
Majella Group founder Professor Frank Monsour said, “Brisbane City Council’s Urban Renewal Brisbane program has ensured that Woolloongabba has undergone unprecedented revitalisation.”
The launch of Oaks Woolloongabba was the tenth Brisbane property for Oaks Hotels &amp; Resorts with a room inventory of more than 1,400 rooms.
Radius was constructed by Queensland’s Tomkins Commercial &amp; Industrial Builders.
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The complex is built on Woolloongabba’s highest point at 44 O’Keefe Street and offers views of the city.
Designed by Elizabeth Anderson of Hayes Anderson Lynch Architects, Radius Apartments features a rooftop sky deck with city views, a 20-metre swimming pool, gardens and barbecue facilities.
Majella Property Developments will soon be lodging its development application for the proposed redevelopment of the heritage-listed Broadway Hotel site at Woolloongabba featuring 280 apartments and a three-level commercial and retail podium.
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New apartment project in Brisbane's Woolloongabba welcomes first residents

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The top sale for the week ending 18 September is a six bedroom, three bathroom house in Armadale, Victoria.
The property, 367 Dandenong Road, Armadale, sold for $5,525,00 through Marshall White Armadale.
Top ten sales
367 Dandenong Road, Armadale, Vic  6 bed, 3 bath, 2 car house $5,525,000  Marshall White Armadale 
1 Northcote Road, Lindfield, NSW  5 bed, 3 bath, 2 car house $4,300,000  McGrath Estate Agents 
142 Homebush Road, Strathfield, NSW  5 bed, 2 bath, 5 car house $4,200,000  Devine Real Estate Strathfield 
4 Abernethy Street, Seaforth, NSW  4 bed, 2 bath, 4 car house $4,100,000  LJ Hooker  Seaforth 
10 Stanley Street, Chatswood, NSW  6 bed, 4 bath, 3 car house $3,715,000  LJ Hooker  Willoughby 
9 Salvado Street, Cottesloe, WA  4 bed, 2 bath, 4 car house $3,600,000  Mack Hall Real Estate Claremont 
30 Seaforth Crescent, Seaforth, NSW  5 bed, 4 bath, 2 car house $3,500,000  Cunninghams Property Balgowlah 
33 Beach Road, Collaroy, NSW  4 bed, 1 bath, 1 car house $3,450,000  Belle Property  Dee Why 
1/29 Prince Street, Cronulla, NSW  3 bed, 3 bath, 2 car unit $3,400,000 Abode Property Agents 
150 Bannockburn Road, Turramurra, NSW  5 bed, 4 bath, 2 car house $3,380,000 Di Jones  North Shore Wahroonga 
 
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Armadale Victoria family home leads CoreLogic top 10

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The southern Sydney region of Wollongong held a clearance rate of 92.3 percent for the week ending 19 September, according to CoreLogic.
Victoria's Geelong had a preliminary clearance rate of 74.2 percent, and Queensland's Gold Coast at 35.5 percent and Sunshine coast at 62.5 percent.
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Wollongong takes 92.3 percent preliminary clearance rate: CoreLogic

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The preliminary clearance rate for Sydney stands at 85.1 percent for the week ending 18 September, according to CoreLogic.
The busiest sub-region of Sydney was North Sydney and Hornsby, with a preliminary clearance rate of 92 percent. The Eastern Suburbs had a clearance rate of 94.2 percent.
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North Sydney, Hornsby busiest Sydney weekend auction locations: CoreLogic

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Iris Capitol’s new Hurlstone Park residential development, Wattle Hill, launched on the weekend.  
CBRE advised 16 out of 42 apartments sold to a mix of owner occupiers and first home buyers. 
Designed by architects Squillace, it’s prices started with one bedroom plus study from $580,000.
Completion is expected March 2018. 
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Wattle Hill, Hurlstone Park sales underway

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There were no foreign buyers when Starryland launched the final stage of it's residential development, Promenade Parramatta.
More than 70 apartments sold within the first two hours of the final launch of its 700-unit project. 
Simon Hollows at CBRE said the majority of buyers were owner occupiers and first home buyers 
"The most popular apartments were three bedrooms with all three bedders sold out on the day. 
"There were no offshore buyers in this final stage, all buyers were local," he advised
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Starryland sells Promenade Parramatta to local buyers

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The strength of the early spring market has been a bonanza for sellers across most of the capital cities.
At 85 percent Sydney had its highest clearance rate since June last year, the height of the then-boom, according to Domain. Saturday’s result in Melbourne was the highest for two months.
Sydney has now recorded five weekends out of the past six with clearance rates at or above 80 percent. 
The shortage of auction listings is contributing to higher clearance rates, with Domain calculating September offerings in Sydney down by around 30 percent on the same month last year and down by 20 percent in Melbourne. 
The weekend's top auction result was when an eight bedroom, English style Strathfield mansion fetched a record $7.3 million.
Five of the 12 registered bidders bid to own the home at <a href="https://www.realestate.com.au/property-house-nsw-strathfield-123345238" target="_blank">2 Llandilo Avenue</a> (above) which last sold for $1.03 million in 1988. The buyers were an upsizing local family, Strathfield Partners agent Robert Pignataro advised.
The sale eclipsed a nearby seven bedroom home which sold for $6.825 million in May.
The home on the estate’s 2665 sq m holding had been custom built with 2500 tonnes of sandstone from Darling Harbour.
The buyers were an upsizing local family.
Sydney also saw the $7.25 million sale of Taiping, a five-bedroom Sydney Harbour beachfront home at <a href="https://www.realestate.com.au/sold/property-house-nsw-neutral+bay-123371122" target="_blank">3 Lower Wycombe Road, Neutral Bay</a>, (below) sold by McGrath Neutral Bay for $7.25 million.
<img src="/images/2016/09/19/700_kirribilli.jpg" alt="">
Melbourne's top sale was a six bedroom art deco 1930s Armadale home renovated in 1999 by Toorak architect Anthea Bickford.
It sold at $5,525,000 against its $4.5 million plus price guidance.
The <a href="https://www.realestate.com.au/sold/property-house-vic-armadale-123418158" target="_blank">1500 sq m Dandenong Road</a> holding (below), between Orrong and Kooyong Roads, was once owned by the well-connected ragtrading entrepreneur Saul Same of Gloweave fame until its $797,000 in 1999 after four decades ownership. 
<img src="/images/2016/09/19/Screen%20Shot%202016-09-19%20at%208.51.42%20AM.png" alt="">
It last sold at $1.94 million in 2002 to the radiologist Associate Professor Richard O’Sullivan.
There was a $5 million reserve with three bidders participating in the auction.
Eloc, the weekend property offering at <a href="https://www.realestate.com.au/sold/property-house-vic-brighton-123379162" target="_blank">50-52 Bay Street, Brighton</a> fetched $4,925,000 post-auction.
The Buxton agency price guidance had been $4.7 million plus for the 1874 home with extensions on its 1760 sq m block.
There were just the two bidders before it was passed in at $4,710,000 (below).
<img src="/images/2016/09/19/Screen%20Shot%202016-09-19%20at%208.52.58%20AM.png" alt="">
The national capital city clearance rate rose this week, from 75 percent last week to close to 78 percent. This time one year ago close to 70 percent of capital city auctions found buyers under the hammer.
There were 2,093 capital city auctions held over the week, similar to the 2,062 last week, but lower than one year ago, when the spring market had over 2,500 auctions across the combined capitals.
"This week last year represented the 7th consecutive week of capital city auction volumes being over the 2,000 mark, while over the past seven weeks, only three weeks have seen more than 2,000 auctions across the capitals," CoreLogic spokesperson Kevin Brogan noted.
This week there were 956 auctions held in Melbourne, down from 974 last week and lower than last year, when 1,127 Melbourne homes were taken under the hammer.
Preliminary results indicate that Melbourne’s clearance rate was steady at around 78 percent this week, while one year ago, 73 percent of Melbourne auctions cleared.
One of the high profile sellers was Kangaroos forward Jarrad Waite who sold his Moonee Ponds home at $1.48 million at weekend auction.
The Edwardian cottage (below) was expected to fetch $1.15 million plus but went $200,000 over reserve given four bidders battled it out for the three-bedroom home.
<img src="/images/2016/09/19/700_addison.jpg" alt="">
The <a href="https://www.realestate.com.au/property-house-vic-moonee+ponds-123380294" target="_blank">Addison Street property</a> sold through Charles Bongiovanni of Alexkarbon, North Melbourne.
Waite will be moving to a nearby larger home at Strathmore with his wife Jackie and their baby son.
Waite and his wife had refurbished their double-fronted period home since purchasing in 2008 for $764,500, but have not altered its floorplan.
It sold to an Ascot Vale family, according to the Herald Sun. One of the bidders that missed out did not go home empty-handed, though, taking home a signed Sherrin for kicking off the bidding at $1.305 million, which was $5000 above reserve.
Melbourne’s strongest performing sub-region this week was the North East, recording a clearance rate of 86 percent across 91 reported results.
Inner Melbourne was the busiest region for auctions, with 181 held and 168 reported so far, with a preliminary clearance rate of 76 per cent.
CoreLogic had Sydney notching up an 85 percent success rate, based on preliminary results.
Some 773 Sydney auctions were held this week, remaining relatively steady when compared to last week (758) and the week prior (757), however well below the number held over the corresponding week last year (1,041).
The Eastern Suburbs had the strongest preliminary result with 94 percent of homes selling.
There were 139 Brisbane homes taken to auction this week, relatively steady when compared to both last week (148) and one year ago (143). Brisbane’s clearance rate rose to 55 per cent last week, from 44 per cent the previous week, while one year ago, half of all auctions reported were sold.
Brisbane had the nation's cheapest auction result when a three bedroom house sold on Macleay Island (below) for $195,000.
<img src="/images/2016/09/19/Screen%20Shot%202016-09-19%20at%208.58.37%20AM.png" alt="">
The home on the Morton Bay island had last sold at $250,000 in 2006 and at $198,000 in 2003.
In Adelaide, the preliminary clearance rate was 76 percent this week, having risen from 68 percent last week. The number of homes taken to auction this week was 96, compared to 88 last week and 99 one year ago, when 71 per cent were successful.
There were 83 auctions held in Canberra this week and the preliminary clearance rate was 70 percent, up from one year ago when it was 58 percent.
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Strong weekend auction results a bonanza for early spring home sellers

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The most affordable Sydney property reported sold at the weekend was at Kanwal, near Wyong.
It was a two-bedroom home at <a href="https://www.domain.com.au/29-rolfe-avenue-kanwal-nsw-2259-2013006452" target="_blank">29 Rolfe Avenue, Kanwal</a>, which sold for $360,000 by Sorensen Real Estate.
There had been a $340,000 price guidance on the house which was snapped up the day prior to auction.
Its suggested rental range was $300 to $350 a week.
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Kanwal, NSW Central Coast, has weekend's cheapest house price

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There are currently bargains across all price points at Emerald in Queensland, according to Herron Todd White.
They are from the basic neat home built in the 1980s around $140,000 through to executive homes built in the 1990s selling at around $250,000 up to acreage selling in the range of $400,000 to $550,000.
The acreage had held firm the longest but in the past 12 months we have seen it come back significantly in line with the fall in single dwelling properties in town, the valuation firm advised this month.
"The market is currently in a position where you can get much more with a lot less money than you could four years ago.
"If you’re a first home buyer or have a deposit and ready to go, now is the cheapest time to buy in the past 11 years," it suggested.
Emerald has gone through four major building and construction booms over the past fifty years.
There was a major construction phase in the 1960s to 1970s of railway homes, housing commission and blue collar workers’ accommodation.
"These are now selling near the bottom of the market in the $120,000 to $160,000 range," according to Herron Todd White's latest monthly market report. 
The property advisory firm says that then there was the opening up of many coal mines in the Bowen Basin region in the late 1970s when mining companies built many homes in town from 1978 to 1994 of very similar design and style. 
These are now selling mostly in the $160,000 to $220,000 range.
"We then saw a large expansion of the town by private developers and our own council in the 1990s with many owner-occupier and custom built homes of the highest quality the town had ever seen.
"These were your large executive style homes along with a great expansion in the rural residential market.
"This created some prestige estates which still hold a premium today. 
"Then we saw the last boom from 2004 to 2012 which was the largest the town had experienced with many single dwellings and unit complexes being constructed.
"Some of these large, modern homes under ten years of age with pool, shed and located in good estates are holding at the top of the market in a range of $450,000 to $550,000, back from the peak of $700,000." 
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Queensland's Emerald offers residential bargains: HTW

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A project west of Melbourne in Bacchus Marsh that promises “next generation, economical housing design”, has been launched.
Developer Kataland’s Underbank, a development site on 166 hectares, seeks to differentiate itself from traditional master-planned communities through designs that are in harmony with the natural landscape of the area.
The $250 million dollar project will be located in Melbourne’s Western Growth Corridor, one of the fastest growing regions in Australia, which will eventually accommodate a population of 277,000 people and 164,000 jobs.
Kataland director Jason Yeap said Underbank breaks away from traditional master-planned communities because it is planned to be in harmony with the natural landscape.
“Most master-planned communities look the same – they’re flat and featureless. When I first saw the Underbank site, I was struck by the rich landscape. There’s a natural bowl formation with a valley floor surrounded by hills, established trees, native shrubs and landscaped waterways.”
“With Underbank, it was integral to preserve the site’s existing natural assets, and instead of cutting into the land, we created new home designs that work with the land, not against it.”
Located three kilometres west from Bacchus Marsh, Underbank is expected to become home to around 4,000 people in 1,500 houses, with its own town centre, parklands, plus community and recreational facilities.
Construction on the Underbank sites has already commenced, and stage one has been released, with land starting at $129,000 for a 420 sqm block.
While buyers can choose their own builder, Underbank, will also offer future residents access to designs by architect Louis Chiodo that feature modular light-filled living environments.
<img src="/images/2016/09/16/Underbank2.jpg" alt="">
Yeap said supporting the growing community in the charming town of Bacchus Marsh was vital.
“People aren’t just moving to Bacchus Marsh because of affordability – there’s a long string of prestigious schools like Bacchus Marsh Grammar, and it’s only 50 km from Melbourne’s CBD,” said Yeap.
“We have been working with council and the local community to future proof the region so that growth is sustainable and the bustling town remains liveable.”
Underbank will be maintaining and restoring the flora and historical significance of the former stud farm, once home to Australian legendary racehorse Phar Lap. It will restore the horse stables into a community hub for markets and activities.
Other features of Underbank’s planning include walking trails and bike paths through the parklands. There will also be several pocket parks dotted through the site with playgrounds, fitness stations, picnic shelters and BBQ facilities.
Infrastructure upgrades, including the Hallets Way upgrade and pedestrian links to Bacchus Marsh Road, will improve connectivity in-and-about Bacchus Marsh, according to the media release.
“As a developer, our goal is to be visionary; to be a leader, not a follower,” said Yeap. “With Underbank, we’re excited to bring a new era of master planned communities which respects the land and supports growth for current and future generations.”
 
 
 
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