<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.

"Eight residences is exceptionally boutique, but that's precisely what this site calls for.

“There is a strong community in Middle Park and the surrounding suburbs who have spent decades building a life here. They no longer want the maintenance of a large period home, but they aren't prepared to compromise on space, quality or location. We think there is a real opportunity to capture that hyper local market. A site like this rarely comes to market.”

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

<a data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Gardner Vaughan Group breaks ground on first Gold Coast development, Bronze on Chevron

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?

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

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

<html><body>
Australia has seen rapid development growth of high-rise apartments across its major cities, with the Australian Bureau of Statistics noting that <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2019-08-18/how-bad-could-the-apartment-building-crisis-be-in-your-state/11413122?nw=0" target="_blank">667,394 apartments, flats and units were built nationally</a> between 2000 and 2019. While in their early days, apartments were considered to provide limited access to the outdoors and lacked space, in recent years, developers and their design teams have taken a more holistic approach when it comes to designing for modern liveability. We’ve seen creative, modern rooftops with integrated dining, recreational facilities, and even sky-high <a href="https://www.sustainability-times.com/clean-cities/rooftop-gardens-in-urban-jungles-can-provide-home-to-insects-and-birds/" target="_blank">produce gardens </a>to provide the benefits of living in the suburbs without the compromise of a city lifestyle.

With <a href="https://population.un.org/wup/" target="_blank">two-thirds of our global populace</a> predicted to be living in a city by 2050 and the growing demand for rooftop living, today off-the-plan buyers are treated to state-of-the-art apartment amenities in any Australian city. For Sydneysiders, here is our round-up of the 6 best apartment rooftop developments on the market right now.

<h2><a href="/new-apartments/trilogy-112-talavera-road-macquarie-park">1. Destination</a></h2>

Apartments from $600,000 
Construction status: Registration and sales 
Address: 114 Talavera Road, Macquarie Park NSW 2113

<figure><a href="/new-apartments/trilogy-112-talavera-road-macquarie-park"><img alt="" class="image-article_full_width_580px" height="242" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/destination-114-talavera-road-macquarie-park-6229f11900c15bf5a876f2fde8e42890.jpg?itok=-PqWMT-h" title="Destination. Image supplied. " width="580"></a>

<figcaption>Destination. Image supplied.
</figcaption></figure><figure><a href="/new-apartments/trilogy-112-talavera-road-macquarie-park"><img alt="" class="image-article_full_width_580px" height="242" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/destination-114-talavera-road-macquarie-park-c716a0ab28114e2c45fb59655272fd47.jpg?itok=_c014rJQ" title="Destination. Image supplied. " width="580"></a>

<figcaption>Destination. Image supplied.</figcaption></figure>Presenting a unique and bespoke style of living, Destination is Meriton’s newest addition to Macquarie Park. With 219 stunning apartments on offer, buyers will have the choice of exceptional homes with access to recreational amenities, a thriving retail precinct, and vibrant urban living on their doorstep. The private rooftop terrace is fitted with skylights, a turfed area, and sectioned social spaces, while the glass railing offers a seamless transition to the surrounding parkland.

<h2><a href="/buildings/the-rathbone-23-47-flinders-street-surry-hills">2. The Rathbone</a></h2>

Pricing on request 
Construction status: Under construction 
Address: 23-47 Flinders Street, Surry Hills NSW 2010

<figure><a href="/buildings/the-rathbone-23-47-flinders-street-surry-hills"><img alt="" class="image-article_full_width_580px" height="313" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/the-rathbone-23-47-flinders-street-surry-hills-814fd22e9e3d7a2be97ac39d47d3bb29.jpg?itok=ErGAEz6C" title="The Rathbone. Image supplied. " width="580"></a>

<figcaption>The Rathbone. Image supplied.</figcaption></figure><figure><a href="/buildings/the-rathbone-23-47-flinders-street-surry-hills"><img alt="" class="image-article_full_width_580px" height="345" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/the-rathbone-23-47-flinders-street-surry-hills-9400f68080f37cceb55040f551352510.jpg?itok=r930U5n4" title="The Rathbone. Image supplied." width="580"></a>

<figcaption>The Rathbone. Image supplied.</figcaption></figure>Situated in Surrey Hills, The Rathbone melds perfectly into the site’s existing heritage, with its rooftop providing the perfect platform to take in the beautiful cityscape. An exclusive collection of 33 generous apartments with configurations of 1, 2 or 3 bedrooms have been designed to suit all buyers. The Rathbone offers an elegant blend of contemporary fixtures and fittings, spacious living areas, and world-class facilities. Its rooftop garden includes a beautiful sun-drenched lawn, complete with a timber alcove, bespoke seating, and BBQ facilities. The alfresco dining area is illuminated with glittering fairy lights to provide a romantic and charming atmosphere. 

<h2><a href="/buildings/allium-128-bunnerong-road-pagewood">3. Allium</a></h2>

Apartments from $815,000 
Construction status: Completed 
Address: 128 Bunnerong Road, Pagewood NSW 2035

<figure><a href="/buildings/allium-128-bunnerong-road-pagewood" target="_blank"><img alt="" class="image-article_full_width_580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/allium-128-bunnerong-road-pagewood-ca34ceaf795c3fc1ca4a40e2d9179613.jpg?itok=k9iJYHKt" title="Allium. Image supplied." width="580"></a>

<figcaption>Allium. Image supplied.</figcaption></figure><figure><a href="/buildings/allium-128-bunnerong-road-pagewood"><img alt="" class="image-article_full_width_580px" height="329" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/pagewood1-1200x680.jpg?itok=d9Jo0GRO" title="Allium. Image supplied." width="580"></a>

<figcaption>Allium. Image supplied.</figcaption></figure>Allium is a collection of 487 luxurious residences which span across four main towers. The development is located in the heart of Sydney’s easten suburbs, Pagewood. This 20-storey development provides undisrupted views of Sydney CBD and Botany Bay. At the top, a garden sanctuary designed by award-winning landscape architect, Arcadia, treats its residents to state-of-the-art BBQs, dining areas, generous turfed grounds, shaded zones, and even an outdoor cinema. 

<h2><a href="/buildings/kogarah-32-montgomery-street-kogarah">4. Kogarah</a></h2>

Apartments from $739,000 
Construction status: Registration and sales 
Address: 32 Montgomery Street, Kogarah NSW 2217

<figure><a href="/buildings/kogarah-32-montgomery-street-kogarah"><img alt="" class="image-article_full_width_580px" height="323" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/32-38-montgomery-street-kogarah-276fa8338a5d2b98f413ef249a76dfbe.jpg?itok=1b52brVz" title="Kogarah. Image supplied." width="580"></a>

<figcaption>Kogarah. Image supplied.</figcaption></figure><figure><a href="/buildings/kogarah-32-montgomery-street-kogarah"><img alt="" class="image-article_full_width_580px" height="322" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/32-38-montgomery-street-kogarah-8b02b36fe3cecf4835b8f4fff8494f11.jpg?itok=8CVv3TsV" title="Kogarah. Image supplied. " width="580"></a>

<figcaption>Kogarah. Image supplied.</figcaption></figure>An up-and-coming urban precinct, Kogarah is set to become the next sought after destination and future cosmopolitan landmark. With an exclusive selection of 2 or 3 bedroom open-plan apartments, this collection features a cool-tone colour palette, clean minimalist design, and natural textures. The roof is fitted with luxurious amenities such as a heated pool, BBQ facilities, timber decking, and open grass area. The prime position at the centre of Kogarah will also provide uninterrupted views of the cityscape and Botany Bay. 

<h2><a href="/buildings/auburn-square-26-36-northumberland-road-auburn">5. Auburn Square</a></h2>

Pricing on request 
Construction status: Registration and sales 
Address: 26-36 Northumberland Road, Auburn NSW 2144

<figure><a href="/buildings/auburn-square-26-36-northumberland-road-auburn"><img alt="" class="image-article_full_width_580px" height="580" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/auburn-square-26-36-northumberland-road-auburn-1f458ac1e45da35581f98575b7c03f65.jpg?itok=wJ7yifxl" title="Auburn Square. Image supplied." width="580"></a>

<figcaption>Auburn Square. Image supplied.</figcaption></figure><figure><a href="/buildings/auburn-square-26-36-northumberland-road-auburn"><img alt="" class="image-article_full_width_580px" height="341" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/auburn-square-26-36-northumberland-road-auburn-f346b84fc7a9a0425ab7ab67f5997758.jpg?itok=4eQTBwXQ" title="Auburn Square. Image supplied." width="580"></a>

<figcaption>Auburn Square. Image supplied.</figcaption></figure>Introducing Auburn Square, a development situated in the heart of western Sydney. This development boasts ultimate livability. Architecturally designed by Rothelowman, Auburn Square’s design provides perfectly considered spaces to create a sense of community. The expansive rooftop provides a generous dining experience, outdoor fitness equipment, and impressive cityscape views. 

<h2><a href="/buildings/orchid-9-oscar-place-eastgardens">6. Orchid</a></h2>

Apartments from $695,000 
Construction status: Under construction 
Address: 9 Oscar Place, Eastgardens NSW 2036

<figure><a href="/buildings/orchid-9-oscar-place-eastgardens" target="_blank"><img alt="" class="image-article_full_width_580px" height="242" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/orchid-9-oscar-place-eastgardens-003262045622742a67792d78329d433a.jpg?itok=uT78a5FE" title="Orchid. Image supplied." width="580"></a>

<figcaption>Orchid. Image supplied.</figcaption></figure><figure><a href="/buildings/orchid-9-oscar-place-eastgardens" target="_blank"><img alt="" class="image-article_full_width_580px" height="242" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/orchid-9-oscar-place-eastgardens-44eddc87e341bdb457eab4f667e3b7d3_1.jpg?itok=0JO7y9gv" title="Orchid. Image supplied." width="580"></a>

<figcaption>Orchid. Image supplied.</figcaption></figure>Orchid is Meriton’s first stage in the coveted Pagewood Green community masterplan. Anchored by a 6,000 square meter retail district, this collection offers oversized apartments across four high-rise buildings overlooking Central Park and other Sydney highlights. Its buildings are connected by a lush podium garden that compliments its natural surroundings, and provides a tranquil rooftop garden for residents to relax and unwind in.
</body></html>

linda_53241

Highrise living: 6 of Sydney's best apartment rooftops

<html><body>
Cbus Property’s 443 Queen Street project in Brisbane has been awarded a 6 Star Green Star design rating by the Green Building Council of Australia.
<a href="/buildings/443-queen-street-brisbane-443-queen-street-brisbane">443 Queen Street</a> is the first residential building in Australia to be recognised with this rating.
The development received the 6 star Green Star rating, based on outcomes across nine impact categories, including management, indoor environment quality, energy, transport, water, materials, land use and ecology, emissions and innovation.
<a href="/developers/cbus-property?utm_source=PropertyObserver" target="_blank">Cbus Property</a> CEO Adrian Pozzo said the achievement was a testament to the company’s commitment to build and manage a sustainable $5 billion residential and commercial portfolio.
Davina Rooney, GBCA’s chief executive, said the project showed world-leading innovation and sustainability.
“The air-quality features and use of sustainable design are particularly impressive and will help to set a new standard for Australian developments”, she said.
Cbus has developed a series of key targets and milestones for our sustainability strategy, one of which is to become net zero carbon by 2030.
The Queen St rating is demonstrative of the company’s support to this goal and the World Green Building Council’s net zero carbon buildings commitment.
Last year, Urban named two Cbus projects among Melbourne's newest <a href="/news/5-of-melbourne-s-environmentally-conscious-new-development-highlights" target="_blank">environmentally conscious developments</a>.
In August last year, the first five floors of the <a href="/buildings/443-queen-street-brisbane-443-queen-street-brisbane">Brisbane project</a> had been completed.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Cbus Property's 443 Queen Street, Brisbane project rated Australia's first 6 Star Green Star residential building

<html><body>
The number of residential property listings nationally fell -1.2 per cent in September, according to the latest data from SQM Research. 
They dropped from 293,053 in August to 289,566, which is -7.4 per cent down on listings 12 months ago.
New listings were up 2.4 per cent however over September nationally, with 1,447 more listings hitting the market. And that's taking in to account Melbourne's -41.3 per cent decline in new listings.
Louis Christopher, managing director of SQM Research, says the fall in listings is a little abnormal for the spring season.
"It has been predominantly driven by two factors which include sharp falls in new listings for Melbourne over the month; as well a sizeable falls in older listings across the country.
<img src="https://www.urban.com.au/images/2020/10/6/SQM%20stock%20levels.png" alt="">
"This second reason may point to an increase in absorption rates.
"In other words, there may have been increases in buyer activity over the month. There has also been other evidence of increases in buyer activity.
"This includes the rises in asking prices, the rises in auction clearance rates and the increases in housing finance approvals.”
Only Sydney and Perth bucked the trend of a drop in listings. Sydney saw its listings jump 1.8 per cent and Perth 0.9 per cent.
Sydney has 9.2 per cent more listings than it had 12 months ago. 
 
 
</body></html>

jrobinson-rf4aSBido9

Total property listings drop in September: SQM Research

<html><body><div class="page" title="Page 28">
<div class="section">
<div class="layoutArea">
<div class="column">
The residential investment market is currently in uncharted territory with the Corona-virus pandemic hitting many households, according to the August Herron Todd White (HTW) residential report. 
<div class="page" title="Page 25">
<div class="section">
<div class="layoutArea">
<div class="column">
The valuation firm took a look at investor activities across the nation.
</div>
</div>
</div>
</div>
The report notes whilst state and federal government initiatives have helped keep some calm in the market, there is a lot of speculation from property professionals that the longer this pandemic goes for the more stress there will be on both tenants paying their rent and investors paying their mortgages. 
As a result this potentially could see an array of properties hitting the market within a short period of time which could put downward pressure on property prices.
"However, at the time of writing, Western Sydney has experienced a lower impact from COVID-19 in comparison to other areas of Sydney such as the inner suburbs which have a higher apportionment of renters and unit supply," the valuation firm said. 
In the greater west, a popular investment option comes in the form of a house and granny flat which can provide a second rental stream and depending on the location, potential for longer term capital growth.
An example of this is <a href="https://www.realestate.com.au/sold/property-house-nsw-colyton-133173686" target="_blank">1 Kipling Drive, Colyton</a> (pictured below), located nearby to St Mary’s which is set to be a major transport intersection linking the existing rail line to the Western Sydney Aerotropolis at Badgerys Creek.
The property is a partially updated 3 bedrooms, 1 bathroom on 632 sqm of land. Detached at the rear is a 2 bedroom, 1 bathroom, self-contained granny flat.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/9/7/colyton%20.jpg" alt="">
The property sold in May for $659,000, with a combined rental potential of $700 per week, calculating to a gross rental return of around 5.5%.
<div class="page" title="Page 28">
<div class="section">
<div class="layoutArea">
<div class="column">
As seen in other parts of the city, new units can quite often sell below the previous purchase ‘off the plan’, even after several years, the report noted. 
An example of this is <a href="https://www.realestate.com.au/sold/property-apartment-nsw-penrith-133083770" target="_blank">725/1-39 Lord Sheffield Circuit, Penrith</a> (pictured below), a two-bedroom, two-bathroom unit which sold off the plan in February 2017 for $584,000 however re-sold in March 2020 for $505,000. The off the plan purchase was unable to be supported even in 2017.
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/9/7/penrith.jpg" alt="">
<div class="page" title="Page 28">
<div class="section">
<div class="layoutArea">
<div class="column">
The investor market across the South Western Sydney suburbs, in particular the Liverpool LGA, is generally very active as it offers a range of investment opportunities across a variety of asset classes, the report suggested. 
"The rental market is very competitive which has seen rentals stagnate and in some areas fall," the valuation firm said. 
The capital growth in property that has historically driven investor interest is no longer prevalent with some asset classes’ showing a decrease in value from the peaks of the 2016 and 2017 period.
Currently on realestate.com.au there are approximately 99, modern two-bedroom two- bathroom units available and approximately 160, three-to-four bedroom homes available for rent within the Liverpool LGA.
"The entry level of the investment market is driven by affordability and low risk. This is where you typically find your Mr and Mrs Citizen well represented as they are looking to park their savings into the property market rather than in a low interest bank account," the valuation firm said. 
Popular investment opportunities for this market are modern units in the sub-$600,000 range, a single house in one of the modern estates in the sub-$750,000 range, or a house and granny flat set-up. All three property types achieve reasonably safe returns and can come with some tax benefits as well, the report noted. 
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
<div class="page" title="Page 29">
<div class="section">
<div class="layoutArea">
<div class="column">
Notwithstanding the below examples, duplex pairs and small unit blocks provide additional investment opportunities however they require a larger capital outlay.
A two-bedroom, two-bathroom unit in 12-14 George Street Liverpool sold in March for $460,000, with an assessed gross yearly rental of $20,650, representing a 4.5% yield. 
However the previous sale in March 2016 was for $519,000, meaning an 11% decrease in value over four years. 
A modern four-bedroom, two-bathroom house in a new estate in Edmondson Park sold in April for $730,000, with an assessed gross yearly rental of $26,400, representing a 3.6% yield. 
"Whilst the rental return is not as strong as a unit may be, this type of property traditionally will show superior capital growth," the valuation firm said. 
<div class="page" title="Page 29">
<div class="section">
<div class="layoutArea">
<div class="column">
A recent sale of a house and granny flat in Lurnea in June for $835,000, would likely achieve a gross combined annual rental of $38,400, representing a 4.6% yield.
<div class="page" title="Page 29">
<div class="section">
<div class="layoutArea">
<div class="column">
Moving away from your traditional investment classes, the rezoning of land in the South West, particularly in designated Growth Corridors and the Aerotropolis Precinct has seen property prices skyrocket. 
For the broader residential market you have most likely missed the boat, but for those lucky enough to have owned land prior to any hint of rezoning taking place, developers are paying well above what could have ever been imagined for these traditionally rural areas. 
Nowadays these areas are occupied by developers and established land bankers, the report noted. 
A recent sale of a one-hectare site in Austral, sold in April for $2.625 million. The previous sale of this property was back in 2014 for $1.855 million, a 41 per cent increase in six years.
Another property in Bringelly sold in May for $2.3 million. The previous sale was back in 2015 for $1.15 million, a 100 per cent increase in five years.
"Western Sydney is currently considered the best place for returns, given the varied properties to invest in. We believe a well located house and granny flat provides a great option for their higher yields and depending on the location, future development potential given the land component.
"In other parts of Sydney, investors can look to play the long game and bear the short term loss of rents, for the ability to secure a property at a discount, and also take advantage of current low interest rates. There is value across all levels with strong medium to long term capital growth opportunities," the valuation firm said. 
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div></body></html>

Western Sydney sees a lower impact from COVID-19: HTW residential 

<html><body>
With much the nation having the long weekend public holiday, auction activity across the combined capital cities is set to be subdued this weekend. 
Amid the limited listings, some agents succeeded in selling before auction, including <a href="https://www.realestate.com.au/property-house-nsw-riverview-134313290">112 Riverview Street</a>, Riverview.
Belle Property’s Simon Harrison sold the property, which last traded in 2005 for $580,000.
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
There are 719 capital city homes scheduled for auction this week, according to CoreLogic, down on the 1,082 auctions held last week and lower than the 1,324 last year.
Across the individual cities, scheduled volumes are set to be lower over the week across all but Perth and Melbourne. However, for both cities the rise is across already extremely low volumes.
Sydney makes up more than half of the overall scheduled auction volumes, with 473 homes scheduled, off the back the busiest week the city had seen since early April last week (812).
Melbourne volumes are higher over the week but the city continues to see some of the lowest levels of activity recorded. There are 77 Melbourne homes scheduled for auction, up from 40 last week.
</div>
</div>
</div>
</div>
According to Ray White, the Melbourne property deep freeze is over, with numbers set to soar in the coming weeks.
News of eased restrictions has already inspired buyers to list their properties with already 26 Melbourne Ray White auctions scheduled for this week, compared to last week’s four.
The national Ray White Group recorded a 70 per cent Sydney clearance rate last weekend, one of the highest in six months.
An offering in East Ryde, marketed by Ray White’s Barrie Brown, is expected to do well this weekend.
Situated at <a href="https://ecomms.raywhite.com/collect/click.aspx?u=d2QwOW9DWld4TzJhNXgyRWZuQ1hRV1ZETUk5QXRjTUlDWTdNZGNXdmZQdTdZNjAzL2hzYjNsb04xZG1QRGtHRlhoZ2ozbFVLZUQ4ZmJTTkpIMUwvSU5iTnkwUG9ETHBQR0VxUlJZUEUyWjA4UloyVTVQbnVjdXJidExBN05oQXo3M3ZoZG04UENSNVp6THc5a0xkcDErL3EzYVhuMXRYdnROaFZ1SVh0Nkk4PQ==&amp;rh=ff006a241e9e53799580abbb0c4cb9afb1ccc258">2 Rodney St</a>, the three-bedroom home is listed with a price guide sitting at $1.6 million.
"There have mainly been young couples coming to inspections which fits the suburb’s core demographic,” Mr Brown said.
In Queensland near beachside homes are listed for auction this weekend.
A four-bedroom, four-bathroom Mermaid Beach residence.
The tri-level home, located at <a href="https://www.realestate.com.au/property-house-qld-mermaid+beach-134386122">34 Dudley Street</a>, was designed by architect John Campbell and features floor to ceiling windows, an alfresco area and light-filled interiors.
Over the same week one year ago, 1,324 homes were taken to auction across the combined capital cities returning a final auction clearance rate of 67.6 per cent, according to CoreLogic. 
In Sydney last year, just 317 homes went to auction across the city on the week of the long weekend. 
In comparison, 950 homes were taken to auction over the previous week. 
</body></html>

October long weekend sees subdued auction listings

<html><body>
A residential land parcel on Fraser Island has been listed for mortgagee auction.
Fraser Island, which sits off Australia’s eastern Queensland coast, is the world's largest sand island.
The <a href="https://www.realestate.com.au/property-residential+land-qld-fraser+island-202810158">beachfront allotment</a>, located on the western side of the Kingfisher Bay Resort, was advertised as mortgagee on realestate.com.au.
Adjacent to architecturally-designed beachfront housing, the 1080sqm block offers an ideal opportunity for a residential development.
Its offerings include unrestricted views overlooking the Great Sandy Straits and a unique location.
The median value price for homes on <a href="/developments/kgari-qld-4581">Fraser Island</a> is over $1,000,000 according to CoreLogic.
Ray White Hervey Bay agent Glenn Fallon holds the listing.
The auction will take place on Saturday, October 24.
</body></html>

Beachfront land on Fraser Island listed for mortgagee auction

<html><body>
Two villas in Queensland’s Gold Coast suburb, Southport, has been listed for mortgagee auction.
The residence offers nine-bedrooms and six-bathrooms over the two villas located at <a href="https://www.realestate.com.au/property-unitblock-qld-southport-134237966">10 Lydia Grove</a>.
Advertised as a mortgagee on realestate.com, the property offers a profitable opportunity to purchase two almost finished villas in one line.
Set on 564sqm, the three-storey units both have double lock-up garages.
The home is ideal for an investor or DIY renovator, with the chance to occupy one dwelling and rent out the balance.
The villas last sold together for $450,000 in 2016.
The median value price for units in <a href="/developments/southport-qld-4215">Southport</a> is $356,095, according to CoreLogic data.
RE/MAX agent Kristoffer Sonter is marketing the listing.
</body></html>

Two villas in Queensland's Gold Coast listed for mortgagee auction

<html><body>
A home in Darwin’s inner northern suburb The Narrows has been listed for mortgagee auction.
The three-bedroom, two-bathroom home, located at <a href="https://www.realestate.com.au/property-house-nt-the+narrows-134416626">26 Bagot Road</a>, was advertised as mortgagee on realestate.com.
Set on 854sqm, the property includes the brick home, in-ground pool, carport and garden shed.
A study currently attached to the master bedroom has the potential to become a walk-in wardrobe.
The home last traded for $225,000 in 2005.
According to CoreLogic data, the median sales price for homes in <a href="/developments/the-narrows-nt-0820">The Narrows</a> is $477,500.
George Vrodos of PropertyShop has the listing.
The auction will take place on Saturday, October 24.
</body></html>

The Narrows, Darwin home set for mortgagee auction

<html><body>
EXPERT OBSERVER
Dwelling approvals came in below expectations with a 1.6% drop, weaker than both the consensus view of 0.0% and Westpac's view of a 2% gain. The fall comes after dwelling approvals surged in July by 12% from an 8yr low in June. Approvals are still tracking at subdued levels overall, with monthly approvals still down 14.6% vs December 2019.
The July result represented a catch-up, as approvals delayed by the initial nation wide lock-down were eventually processed by city councils. This raised the risk of an unwinding leading into August results.
Westpac's forecast noted uncertainty over varied COVID effects, with Victoria moving into a 'second wave' lockdown but other states continuing to re-open. Additionally, we saw support for approvals from the Federal government's HomeBuilder scheme – a stimulus programme that provides $25k grants to eligible owner-occupiers buying a new home (or renovating an existing home). The HIA reported a sharp jump in new home sales through June - August (+60% for the three months combined compared to the three months to May).
Private detached house approvals were supported by the scheme, posting a 4.8% increase which marked a 12.4% improvement on year.
The 11.1% fall in private unit approvals led the decline in August, with 'high rise' approvals down 11%, and 'low rise' unit approvals down 12%. This fall partially offset a 23% rise in July, with significant month-on-month volatility expected due to the bundling of unit approvals.
Across the states, NSW approvals continued a volatile trend, posting a decrease of 14.2% in August after approval delays contributed to a 32% increase in July. Tas (-26.2%) and SA (-4.8%) also declined. Gains were particularly strong in WA (+33.8%) and QLD (+8.1%), though broadly across the states approvals compared to a year ago.
As we expected, the impacts of the Vic lockdown beginning early August were not reflected in this release. The state posted a moderate increase of 1.8% due to the time lag, though impacts will surely be seen in coming months.
The value of alterations and additions to residential buildings reported a strong result of a 7% increase, the highest level recorded since April 2016. This segment is seeing support as the 'work from home' trend continues, and workers change their discretionary spending habits.
Large public projects in QLD and NT boosted the value of non residential building approvals by 40.7% in August. However, big double-digit swings in recent months continue to make discerning an underlying trend difficult.
In the near-term, there is the potential for another round of weakness - albeit concentrated in Victoria (which accounts for 35% of national approvals), which has been hit by the second lock-down. Other headwinds will challenge housing approvals into 2021, notable is the sharp slowing of population growth as net overseas migration plummets due to the closure of our international border.
MATTHEW HASSAN is a Senior economist at Westpac
</body></html>

Matthew_Hassan-HHWHptmrw4

Dwelling approvals face weakness: Matthew Hassan

<html><body>
Coastal suburb of Dee Why welcomes its latest residential addition, <a href="/buildings/lighthouse-9-17-howard-avenue-dee-why">Lighthouse</a>, an exciting new development by renowned property developer, <a href="/developers/meriton">Meriton</a>. 

Boasting an impressive list of lifestyle amenities, premium design features, and outdoor entertainment, Lighthouse offers the comfort of luxury living just a short walk away from the beach. These spacious apartments are the perfect option for discerning buyers, featuring 351 residential apartments with 2 and 3 bedroom configurations starting at $935,000. 

<figure><a href="/buildings/lighthouse-9-17-howard-avenue-dee-why"><img alt="" class="image-article_full_width_580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/lighthouse-9-17-howard-avenue-dee-why-887faf9bd1416eae9417a65b51718f25_0.jpg?itok=9bS_B1dR" title="Lighthouse. Image supplied. " width="580"></a>

<figcaption>Lighthouse. Image supplied.</figcaption></figure>Serving as a central hub for the best beaches in the area, Dee Why beach is only a short 12-minute stroll from your doorstep to the sand. Its other primed locales include: Curl Curl, Collaroy, Freshwater and Manly, which can all be reached with the nearby ferry or bus. 

<h2>THE DESIGN</h2>

The recently completed apartments feature modern detailing and spacious open-plan living, with panoramic ocean views from each floor. 

<figure><a href="/buildings/lighthouse-9-17-howard-avenue-dee-why" target="_blank"><img alt="" class="image-article_full_width_580px" height="242" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/lighthouse-9-17-howard-avenue-dee-why-fa4d08225f835ad4c86dfb0fd7878ebd.png?itok=DHRW9jeH" title="Lighthouse. Image supplied." width="580"></a>

<figcaption>Lighthouse. Image supplied.</figcaption></figure>Kitchens include integrated SMEG appliances, luxurious stone countertops and glass splashbacks. The bathrooms include a beautiful mosaic feature wall, lavish freestanding bath, and polished chrome fixtures and fittings. 

<figure><a href="/buildings/lighthouse-9-17-howard-avenue-dee-why" target="_blank"><img alt="" class="image-article_full_width_580px" height="242" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/lighthouse-9-17-howard-avenue-dee-why-b7b40082ef6e7cb486e776beb1a5a39d.png?itok=awxTQq0o" title="Lighthouse. Image supplied." width="580"></a>

<figcaption>Lighthouse. Image supplied.</figcaption></figure>Lighthouse living areas are flooded with natural light due to the expansive floor-to-ceiling glazing, with its seaside presence providing a seaside view year-round. 

<h2>THE LIFESTYLE</h2>

Residents of Lighthouse will be treated to many resort-style amenities and relaxation activities synonymous with a typical holiday lifestyle. Lighthouse residents will also have access to an indoor pool, gym and spa, while a generous outdoor area will provide a space to relax amongst nature and enjoy the coastal breeze.

<figure><img alt="" class="image-article_full_width_580px" height="242" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/lighthouse-9-17-howard-avenue-dee-why-8e24243d49db144f2dbdca5afdae4cff.png?itok=lpY58RD1" title="Lighthouse. Image supplied. " width="580"><figcaption>Lighthouse. Image supplied.</figcaption></figure>The private garden will also be available for those wishing to entertain guests with an alfresco dining experience. 

<h2>THE LOCATION</h2>

In addition to Lighthouse’s 16,000 square metres of commercial space, the nearby park will undergo a significant upgrade, with the addition of a playground, water feature, and verdant greenery to provide a natural and relaxing atmosphere for Dee Why residents to enjoy. This project will help to bolster Dee Why’s thriving community and retail presence and provide excellent amenities within walking distance from Lighthouse. 

<figure><a href="/buildings/lighthouse-9-17-howard-avenue-dee-why" target="_blank"><img alt="" class="image-article_full_width_580px" height="242" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/lighthouse-9-17-howard-avenue-dee-why-b5b62712d659abc57674cbf129e6bb34.jpg?itok=P7UaM2cx" title="Lighthouse. Image supplied." width="580"></a>

<figcaption>Lighthouse. Image supplied.</figcaption></figure>Interested in learning more about the apartments currently available for sale at Lighthouse? <a href="/buildings/lighthouse-9-17-howard-avenue-dee-why">Book an appointment with a sales representative today via Urban</a> to secure your dream apartment.
</body></html>

Latest Buying Insights

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

Editor's Picks

Developments

New apartments

New townhouses

News

Latest Buying Insights

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

Editor's Picks

Receive the latest news stories to your inbox

Developments

New apartments

New townhouses

News