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 Australia</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 Australia'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 Australia 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 Australia files for trio of apartment towers in Campsie town centre</a>

Arada Australia 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 Australia 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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Government Property NSW has listed 10 more Millers Point properties for sale through auction on behalf of the Department of Family and Community Services through McGrath Estate Agents.
Money from the sales will eventually be reinvested into some 1,500 social housing projects across NSW.
The below properties will go to auction 25 February. 
<a href="https://www.realestate.com.au/property-house-nsw-millers+point-121752550" target="_blank">20 &amp; 22 Kent Street</a>: Neighbouring two and three bedroom residences, part of a group of three two storey terraces constructed on the site of a former quarry cutting in the 1870s.
<a href="https://www.realestate.com.au/property-house-nsw-millers+point-121752670" target="_blank">28 Kent Street</a>: A four bedroom two storey terrace built in the 1870s that was previously a barber shop and restaurant.
<a href="https://www.realestate.com.au/property-house-nsw-millers+point-121753094" target="_blank">46 Kent Street</a>: Known as ‘Chelsea House’ – this property is a five bedroom, two storey terrace built for local auctioneer William Higstrim in the early 1870s.
<a href="https://www.realestate.com.au/property-house-nsw-millers+point-121752510" target="_blank">38 Argyle Place</a>: A four bedroom residence, part of the ‘Wentworth Terrace’ row built by the prominent Merriman family in 1887-1888.
<a href="https://www.realestate.com.au/property-house-nsw-millers+point-121752734" target="_blank">40 Argyle Place</a>: A three bedroom terrace that was occupied in the late 1880s by champion rower Charles A. Bros.
<a href="https://www.realestate.com.au/property-house-nsw-millers+point-121752390" target="_blank">60 Argyle Place</a>: A wide, grand three bedroom terrace in the Grimes’ Buildings row.
<a href="https://www.realestate.com.au/property-house-nsw-millers+point-121752358" target="_blank">51 Lower Fort Street</a>: Known as ‘Wendovir’, this four bedroom, three storey property is part of Palermo Terrace, constructed in the mid-1880s.
<a href="https://www.realestate.com.au/property-house-nsw-millers+point-121752378" target="_blank">63 Lower Fort Street</a>: A three bedroom residence in Vermont Terrace and an example of early Federation Queen Anne architecture.
<a href="https://www.realestate.com.au/property-house-nsw-millers+point-121752422" target="_blank">71 Lower Fort Street</a> (above): This three bedroom two storey residence, part of Eagleton Terrace, was built in 1876 by local shipwright, Robert Drysdale.
 
Government Property NSW  announced the appointment of McGrath Estate Agents as the exclusive sales agent for the next phase of the Government’s Millers Point terrace sales program late January.
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mick.cee-iDmgDDAmu8

10 heritage Millers Point properties on the market through Government Property NSW

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More than $33 million in Gold Coast property changed hands when 45 of 105 properties on the order of sale at Ray White Surfers Paradise Group’s The Event sold under the hammer yesterday.
An additional 18 sold prior taking the clearance rate to 60 per cent for the 22nd annual gala auction. 
The RWSP Group chief Andrew Bell credited much of the sales success "to the value disparity that continues to exist between the Gold Coast and southern capital markets."
While the clearance rate was lower than last year, the day’s initial results were an increase in both value and volume of sales on 2015 when 58 of 99 properties sold under the hammer or prior to auction for a $20 million total. 
Southern investors led the charge at Australia’s largest annual property auction with Andrew Bell predicting an 80 per cent clearance rate by mid-week.
The auction kicked off at 11am Sunday with the final hammer coming after 5pm, with sales reflecting a $700,000 average price.
The agency put the attendee numbers at over 2000, including the Ray White chief Brian White.
There were more than 300 registered bidders, reflecting an average of about three bidders per property with the most popular attracting up to eight bidders.  
The most popular offerings were sub-$500,000.
And the day’s highest priced residential sale was $1.2 million for an 875 sqm site zoned for redevelopment at <a href="https://www.raywhite.com/qld/biggera-waters/1407709/" target="_blank">544 Marine Parade, Biggera Waters</a>.
The passion was there among the 260 plus registered buyers for a bargain, highlighted by outrageously low, quick opening bids, but as the bidding got to the reserve price the depth of buyer interest was tested on most of the offerings. Even when sales were at below last sale price. 
A three-level hilltop home at <a href="https://www.realestate.com.au/property-house-qld-currumbin-121578818" target="_blank">38 Albany Avenue, Currumbin</a> fetched $1.1 million, the top priced house of the day which was listed through RW Surfers Paradise agent Jackson Paradise. But the Currumbin was $410,000 less than the $1.51 million it fetched in late 2007 when the market was at its peak. The $1.1 million was the same price as paid in 2005 for the 1986 built home.
An elevated home at <a href="https://www.raywhite.com/qld/sanctuary-cove/1045575/?lang=en" target="_blank">4709 The Parkway, Sanctuary Cove</a> sold prior to auction for more than $2 million.
The <a href="https://www.raywhite.com/qld/broadbeach/1005110/?lang=en" target="_blank">Broadbeach in the Park penthouse</a> at Broadbeach attracted the day's highest offer when passed in at $4 million. 
The unfinished hinterland home at <a href="https://www.raywhite.com/qld/tallai/1407870/?lang=en" target="_blank">473 The Panorama, Tallai</a> (pictured above) attracted seven registered bidders with four appearing to make offers.
It was passed in at $2.8 million.
The elevated three hectare property came with panoramic landscape view over the whole of the Gold Coast. The land holding was bought for $1,388,880 million in boomtime 2007. 
It failed to sell at its January 2012 auction.
 
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jchancellor-FAypfDUnLy

Investors toe in the water: The Event, 2016 Gold Coast auction wrap

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Armadale's Redcourt, one of Melbourne’s most prestigious houses, has been bought by Wendy and Anastasious Tasiopoulos from the Dr Tass cosmetic clinics.
<a href="https://redcourtestate.com.au/home/" target="_blank">Redcourt,</a> built in 1888 by the merchant Edward Yencken, fetched $11.5 million according to documents lodged on its settlement last month.
It was sold by entrepreneur Adam Garrisson, who had bought the Queen Anne-style mansion in 2009 in a derelict condition from the state government.
The heritage-listed 3500 sqm property had been a residence for art and music students in the 1950s, but was abandoned in 1996. 
Yencken, honoured as 'father' of the Melbourne merchants, sold the Joseph Reed-designed home in the 1890s to the mining entrepreneur, founder of BHP and member of Parliament, WR Wilson. After Wilson came John Turnbull Esq, Western district and Queensland pastoralist, then Norman Falkiner, the grazier, racehorse breeder and politician, who engaged the architectural firm of Butler &amp; Bradshaw to carry out extensive additions in 1914.
Redcourt at Orrong Road, Armadale, was listed in 2013, then 2014, selling late last year. Kay &amp; Burton’s Gerald Delany and Ross Savas were the listing agents.
Garrisson's four-year renovation project featured work from fashion designer Akira Isogawa and chef Shannon Bennett.
It had last sold at $3.65 million.
Melbourne GP and cosmetic physician Dr Tass Tasiopoulos practices non-surgical procedures from clinics in Port Melbourne, Elsternwick and Crown Spa Melbourne.
 
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Dr Tass buys Armadale trophy home, Redcourt after makeover

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The multi-award winning Balmain House has been listed.
Balmain House was designed by the current owner, architect Conrad Johnston, from his multi-award winning practice Fox Johnston.
Conrad's practice was named one of Wallpaper magazines' top 20 young architecture practices in the world in 2013.
Bought in 2006, the owners redesigned and rebuilt the property on the 241 sqm site and completed renovations in 2013.
The private family home went on to win multiple awards and featured in Domain's Collectors Edition.
The home has a north-facing garden with views over the harbour and Anzac bridge.
The four bedroom home wraps around the original workers' cottage has a sculpted timber form hovering above the ground which contains the main bedroom, ensuite, library and study.
Low maintenance materials were used by Conrad who also installed a natural ventilation system and hydronic heating which heats and cools at low costs.
The owners described the house as like living in the country, as you see no houses from the ground floor, just trees and skies.
Conrad lives in the house with his wife Katrina and their three small children but has decided to sell as he wants another project.
Peter Gordon of Cobden &amp; Hayson has the listing of <a href="https://www.realestate.com.au/property/2-stewart-pl-balmain-nsw-2041" target="_blank">2 Stewart Place</a> with $2.4 million plus hopes.
The property will go to auction February 20. 
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Balmain architectural stunner listed

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Drummoyne vendors notched up near 90 percent auctions success in the 2015 December quarter, according to a CoreLogic list of the busiest 195 auction suburbs.
Houses in the inner west suburb have a median of around $1.8 million and units around $900,000 in the suburb that is surrounded by water on three sides.
CoreLogic RP Data noted while Sydney’s auction clearance rate over the December quarter was 59 percent there were pockets of the Sydney market where clearance rate performance sits much stronger than the broader market.
For instance the eastern suburbs came in with the highest clearance rate at almost 75 percent, followed by the inner south and inner west at 67 percent.
But Blacktown and Parramatta were in the low 40s.
The research will be handy when deciding just how to list your Sydney home this year, ie by auction or private treaty.
It would be wise to ask your prospective listing agents not only how their agency went late last year but contrast their results against the overall suburban trend.
<img src="/images/2016/01/19/Screen%20Shot%202016-01-19%20at%2010.26.27%20AM.png" alt="">
<img src="/images/2016/01/19/Screen%20Shot%202016-01-19%20at%2010.26.56%20AM.png" alt="" width="534" height="1330">
<img src="/images/2016/01/19/Screen%20Shot%202016-01-19%20at%2010.29.59%20AM.png" alt="">
<img src="/images/2016/01/19/Screen%20Shot%202016-01-19%20at%2010.30.47%20AM.png" alt="">
<img src="/images/2016/01/19/Screen%20Shot%202016-01-19%20at%2010.31.48%20AM.png" alt="">
Source CoreLogic RP Data
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Sydney's best and worst auction suburb guide

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Houses in Sydney, Melbourne and Coffs Harbour are in the peak of the market, according to the Herron Todd White December 2015 property clock.
The report suggested that the lure of cheap money and competitiveness of the banking industry have fuelled demand throughout all sectors of the market, particularly the sub $500,000 sector where the demand is strongest.
"This demand has naturally flowed through into the mid to high value range ($500,000 to $1 million) culminating in two beachfront sales in excess of $2 million which is the first in many years," the report said.
The valuation firm noted that the new unit and housing construction sector which was hit hardest by the GFC has seen a strong recovery.
"Park Beach north of the Coffs Harbour CBD has experienced the greatest number of new unit developments with Sapphire Beach topping the list for housing," they added.  
The market conditions in all sectors have been extremely buoyant over the past twelve months which has not entirely been driven by the record low interest rates but more importantly fundamentals such as continual population growth, resurgence in local tourism, upgrading of major road infrastructure, an increasing industrial base and the growing health and education sectors. 
Here's a list of pricey houses recently sold in Coffs Harbour -- postcode 2450 -- that Property Observer found over recent times:
<img src="/images/2015/12/16/700_coffs.jpg" alt="" width="445" height="270">
1. A seven-bedroom house at <a href="https://www.realestateview.com.au/real-estate/11-charlesworth-bay-road-coffs-harbour-nsw/property-details-sold-residential-8765182" target="_blank">11 Charlesworth Bay Road, Coffs Harbour 2450</a> (above) was sold for $2.65 million, seemingly the district's top sale this year. The property show some growth having last exchanged hands for $1.9 million in 2004.
 <img src="/images/2015/12/16/c2.jpg" alt="" width="540" height="405">
2. A nine-bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-coffs+harbour-120475877" target="_blank">39 Jarrett Street Coffs Harbour NSW 2450</a> (above) was sold for $1 million. Its previous selling price was $715,000 in 2012.
<img src="/images/2015/12/16/main-1.jpg" alt="" width="531" height="398">
3. A seven-bedroom house at <a href="https://www.realestate.com.au/property-acreage+semi+rural-nsw-boambee-119476487" target="_blank">19 Middle Boambee Road Boambee NSW 2450</a> (above) was recently sold after 628 days on the market for an undisclosed price. Given its price guide was $2.45 million after listing at $2.5 million in 2014, there seemingly wasn't much price growth. The property last traded in 2008 for $2.35 million
The median house price for Coffs Harbour is $405,000, according to Corelogic RP Data.
Recent sales around the median price are:
<img src="/images/2015/12/16/main-2.jpg" alt="" width="527" height="395">
1. A three-bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-coffs+harbour-121478070" target="_blank">12 Hannaford Place Coffs Harbour NSW 2450</a> (above) sold for $430,000. It last sold for $329,500 in 2010.
<img src="/images/2015/12/16/c3.jpg" alt="" width="563" height="422">
2. A three-bedroom home at <a href="https://www.realestate.com.au/property-house-nsw-coffs+harbour-116184343" target="_blank">37 Taloumbi Road Coffs Harbour NSW 2450</a> (above) sold recently for $407,000. This one last changed hands for $145,000 in 2002.
<img src="/images/2015/12/16/main-4.jpg" alt="" width="502" height="376">
3. A four-bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-coffs+harbour-121264762" target="_blank">10 Zara Place Coffs Harbour NSW 2450</a> (above) recently sold for $412,000. It fetched $350,000 in 2010.
<img src="/images/2015/12/18/main-5.jpg" alt="" width="481" height="361">
4. A four-bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-coffs+harbour-120626909" target="_blank">56 Loaders Lane Coffs Harbour NSW 2450</a> (above) recently sold for $415,000. It last changed hands for $225,000 in 2002.
 
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Coffs Harbour has surprising strength as Sydney and Melbourne house prices also peaking: HTW property clock

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Built at Victoria's Torquay in 2014, the architectural beauty 6 Loch Lomond Crescent has come on the market with $1.35 million plus expectations.
<a href="https://www.realestate.com.au/property-house-vic-torquay-121175066" target="_blank">The Hocking Stuart agent Shaun O’Callaghan </a>says its "a raw, architectural two-storey experience of concrete, marble and brass, north-facing double glazed windows and bluestone pavers."
He adds the modern home is a unique combination of low fuss modern living under a roof garden. Around 275 sqm in floor space.
With sheltered central garden, the main home contains three bedrooms plus a study and two bathrooms. A self-contained studio comes with its own access at the top of a winding staircase.
There's plenty of concrete walls plus more concrete in the island bench in the kitchen and a fireplace in the living room.
The 579 square metre block cost $170,000 in 2006, which was less than the $190,000 in 2002.
There was a snappy sale a few doors away at 16 Loch Lomond at $815,000 of a contemporary 2008 built home. Torquay's highest recorded house price during 2015 was $2 million for 261 The Esplanade in March. There was a $2.3 million rural acreage sale too.
The Auhaus Architecture designed property will feature in an upcoming edition of Belle Magazine and GT Magazine.
Even Beacon Lighting's summer campaign.   
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Concrete abounds at contemporary Torquay offering under garden roof

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A lot of homes have 'TV rooms' or 'family rooms' where there is a television surrounded by sofas, but they are nothing on these home cinemas.
Property Observer takes a look at the best home cinema rooms across Australia.
In terms of states, no one seems to do home cinemas like Victoria do, but the list has tried to include everyone!
1. <a href="https://www.realestateview.com.au/Real-Estate/4-woorigoleen-road-toorak/Property-Details-sold-residential-9579870" target="_blank">4 Woorigoleen Road, Toorak, VIC</a> (above)
Way and above the other cinemas was this home in Toorak. 
The lower-level 12 seater cinema looks as good as the real thing. 
The Drew Cole designed home sold in October for an undisclosed price, however the price guide was $7.5 million plus.
<img src="/images/2015/12/16/Screen%20Shot%202015-12-18%20at%209.21.18%20AM.png" alt="" width="602" height="380">
 2. <a href="https://www.realestateview.com.au/Real-Estate/2-lascelles-avenue-toorak/Property-Details-buy-residential-9728904" target="_blank">2 Lascelles Avenue, Toorak, VIC</a> (above)
Another awesome home in Toorak comes with a spacious home cinema. 
The basement cinema with stepped levels has three barcaloungers on the top and space available at the bottom for bean bags.
The five bedroom home was sold in November for an undisclosed price.
<img src="/images/2015/12/16/700_cinema_hamilton.jpg" alt="" width="543" height="331">
3. <a href="https://www.realestateview.com.au/Real-Estate/9-eblin-drive-hamilton/Property-Details-buy-residential-9726279" target="_blank">9 Eblin Drive, Hamilton, QLD</a> (above)
One of the properties that featured in our top five infinity pools this summer also grabs a spot in the top five home cinemas.
Probably the classiest cinema on the list, the Great Gatsby inspired property features a gold-class cinema room with six chairs.
The property is available by negotiation through Christine Rudolph at Ray White New Farm.
<img src="/images/2015/12/16/700_dural.jpg" alt="" width="517" height="331">
4. <a href="https://www.realestateview.com.au/Real-Estate/dural/Property-Details-buy-residential-9477356" target="_blank">Dural, NSW</a> (above)
This property is so luxurious selling agents Diane Witney and Sandy Ward pf Ray White Dural haven't disclosed the address.
The cinema isn't the most conventional you'll see, with pink walls, chairs and carpet.
The property is available by negotiation.
<img src="/images/2015/12/16/700_maroubra.jpg" alt="" width="588" height="357">
5. <a href="https://www.realestateview.com.au/Real-Estate/14a-mermaid-avenue-maroubra/Property-Details-buy-residential-9668890" target="_blank">14a Mermaid avenue, Maroubra, NSW</a> (above)
The cinema has two individual chairs at the back of the room with a sofa at in front of the big screen.
When the lights are off the cozy room is accompanied by a star lit ceiling.
<img src="/images/2015/12/16/700_blue.jpg" alt="" width="465" height="324">
6. <a href="https://www.realestate.com.au/property-house-nsw-fingal+head-121484750" target="_blank">14 Bamberry Street, Fingal Head, NSW</a> (above)
A very different take on a home cinema, the available $5 million property has a sleeping pod as well as four individual chairs.
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jrobinson-rf4aSBido9

Popcorn and property: six plush home cinemas spotted for sale in 2015

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National capital city auction volumes have slowed from 2,989 last week to 1,727 this week, according to CoreLogic RP Data, who state this is a similar number to this time last year.
Some 872 auctions are scheduled for Melbourne this week, down from 1,572 last week. 457 auctions are slated for Sydney, compared to 891 last week. 
CoreLogic RP Data state 2015 was the busiest year for auctions on record, with total auction volumes expected to clear 108,500.
To put this into perspective, there were 104,444 capital city auctions held in 2014, 81,473 in 2013 and just 62,713 in 2012.
<a href="/images/2015/12/16/Screen%20Shot%202015-12-17%20at%2012.45.44%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/12/16/Screen%20Shot%202015-12-17%20at%2012.45.44%20PM.png" alt="">
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2015 the busiest year for auctions on record: CoreLogic RP Data

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An original freestanding cottage, a registered boarding house, in Bondi Junction has sold for $2.9 million.
The 18 Waverley Crescent property with classic Victorian styling comes with redevelopment potential, subject to council approval.
<a href="https://www.realestate.com.au/property-house-nsw-bondi+junction-121377234" target="_blank">The marketing</a> showed no internal photos given its condition.
Built on a land area of 488 square metre, the cottage has timber flooring, ornate ceilings and a neglected rear yard.
The home is currently divided into four lettable apartments. It also has four vehicle lock-up garages.
The selling agent was Kevin Mendes of Laing &amp; Simmons.
The house is a short walk from Bondi Junction, with plenty of shopping, dining and transport options.
<a href="/expert-insights/buying/bondi-junction-boarding-house-sales-achieve-record-results">Two private local investors</a> snapped up separate boarding houses in Bondi Junction for $2.25 million each earlier this month, reinforcing the view that Sydney’s eastern suburbs are one of the city’s most sought-after investment areas for boarding houses. 
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