Roseville is poised for a wave of new apartment development following the NSW Government's rezoning of land around Roseville Station under its Transport Oriented Development program.

The new planning controls have unlocked significant development potential within walking distance of the station, with a number of sites expected to be amalgamated and redeveloped in the coming years as developers seek to take advantage of the increased density allowances.

One of the more restrained developments in the precinct, and set among the first to be delivered having commenced well before the recent changes, is Hyecorp's Juliet. The boutique apartment project is already well under construction and remains on track to welcome residents by the end of the year, offering a markedly different proposition to many of the larger-scale developments now likely to emerge across the suburb.

[smartcode_project:default project_id=7395 project_image_fid=278194]

<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet</a> will comprise just&nbsp;34 one-, two-, and three-bedroom apartments opposite Roseville Station. For Hyecorp, which has delivered projects across Sydney's Lower North Shore for more than three decades, Roseville presented a rare opportunity to address a growing gap in the market.

"<a href="https://www.apartments.com.au/developments/roseville-nsw-2069">Roseville</a> has long been one of the North Shore's most tightly held and desirable suburbs, offering a unique combination of village charm, established greenery, excellent transport connections, and proximity to some of Sydney's best schools and lifestyle amenities," Hyecorp said.

"We recognised a growing demand from local homeowners seeking to downsize without leaving the community they have built their lives around. The location presented a rare opportunity to create homes that cater specifically to that buyer profile."

[smartcode_project:default project_id=7395 project_image_fid=278196]

The six-level development has been designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> as a collection of residences that feel more like homes than apartments. The brief centred generous floorplans, abundant natural light, quality finishes, and strong connections to outdoor space.

PBD Architects drew inspiration from Roseville's established garden suburb character, creating a building that sits comfortably within its surroundings rather than dominating them. The architecture incorporates natural materials, soft forms, layered landscaping, expansive balconies, and generous setbacks to strengthen the connection between residents and the suburb's leafy environment.

"The focus was on designing spacious, house-like residences for discerning owner-occupiers and downsizers who wanted to remain on the North Shore without compromising on comfort, privacy, or design," PBD said.&nbsp;

"Every apartment was to feel considered, timeless, and highly functional."

[smartcode_project:default project_id=7395 project_image_fid=278195]

Inside, residences feature engineered timber flooring, stone kitchen benchtops and splashbacks, integrated Fisher &amp; Paykel appliances, ducted air conditioning, and large outdoor entertaining areas designed to take advantage of district and treetop views.

Residents will also have access to a rooftop barbecue and lounge area, alongside practical amenities including parcel lockers, EV charging capability, bicycle storage, a dog wash bay, and a basement car wash facility.

The majority of purchasers so far have been local owner-occupiers from Roseville, Lindfield, Chatswood, Killara, and the broader Upper North Shore, many of whom are transitioning from larger family homes.

"Buyers are looking for spacious, house-like apartments that allow them to downsize without feeling like they are sacrificing comfort or functionality," Hyecorp noted.

"They value large kitchens, generous living areas, ample storage, quality finishes, secure parking, lift access, and low-maintenance living."

[smartcode_project:default project_id=7395 project_image_fid=278204]

Juliet sits directly opposite Roseville Train Station and within walking distance of Roseville Village, while Chatswood's retail and dining precinct is only minutes away. The development is also surrounded by some of Sydney's most established schools, including Roseville College, Ravenswood, Pymble Ladies' College, and Knox Grammar, as well as nearby parklands and golf courses.

Juliet is currently more than 75 per cent sold ahead of its anticipated completion in late 2026.

[smartcode_project_cta:default project_id=7395]

Joel Robinson

Juliet to sit quietly amid Roseville apartment boom

Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

A local downsizer has splashed $6.5 million on a penthouse in Perifa's Alex &amp; Willow development in Crows Nest. 
&nbsp; 
The purchaser sold their long-held family home in the area before embarking on a six-month search for the right apartment. After inspecting a range of options across the Lower North Shore, the buyer returned to <a href="https://www.apartments.com.au/new-apartments/alex-willow-crows-nest-82-90-alexander-street-crows-nest-nsw-2065">Alex &amp; Willow</a>. 
&nbsp; 
The buyer profile reflects the project’s broader purchaser mix. <a>Alex &amp; Willow</a> has attracted predominantly local downsizers looking to transition from larger homes without compromising on space or quality, alongside a smaller cohort of upsizers and investors drawn to the project’s location and design credentials. 
&nbsp; 
The milestone sale comes as the project, developed by&nbsp;<a href="https://www.apartments.com.au/developers/perifa">Perifa</a>&nbsp;and delivered by <a href="https://www.apartments.com.au/builders/versatile-made-construction">Versatile Construction</a>, both part of Versatile Group, reaches 60 per cent sold.

[smartcode_project:default project_id=6680 project_image_fid=371325] 
&nbsp; 
Eddie Mansour, Managing Partner of <a href="https://www.apartments.com.au/project-marketer/ray-white-projects">Ray White Projects</a>, said the result demonstrates not only a headline price but also depth of demand. 
&nbsp; 
“This is an exceptional outcome and a clear reflection of sustained buyer demand for premium, well-located downsizer product,” Mansour said.

“We’re seeing a consistent pattern of local homeowners selling family residences and reinvesting into high-quality apartments that allow them to remain within their community. Alex &amp; Willow has resonated strongly with this group because it offers genuine scale, thoughtful design and immediate proximity to the village.” 
&nbsp; 
The sale reflects a broader and consistent trend of local downsizers actively seeking high-quality, low-maintenance residences close to established village centres. Agents report that demand for this product type has remained resilient, particularly where developments offer a rare combination of scale, design quality and walkable amenity. 
&nbsp;&nbsp; 
Fabrizio Perilli, Managing Director of Perifa and Versatile Group, said the sale marks a defining moment for the project. 
&nbsp; 
“The penthouse sale is a strong endorsement of the quality we have delivered, alongside our partners, and the clear demand from local downsizers for premium, boutique residences in this location,” Perilli said.&nbsp; 
&nbsp; 
“Most importantly, we’re proud to see the Alex &amp; Willow community beginning to take shape. As we move closer to completion, we’re looking forward to welcoming residents and seeing the project come to life.”&nbsp;

[smartcode_project:default project_id=6680 project_image_fid=338516] 
&nbsp; 
Designed by <a href="https://www.apartments.com.au/architects/nettletontribe">Nettleton Tribe</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richards Stanisich</a>, Alex &amp; Willow is a boutique collection of generously sized two- and three-bedroom residences in the heart of Crows Nest village.&nbsp;

Completion is slated for early 2027.

[smartcode_project_cta:default project_id=6680]

Alex & Willow, Crows Nest penthouse sells off the plan for $6.5 million

Fresh from launching the first stage of its Wollongong precinct, <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place</a>, builder-developer Urban Property Group has unveiled plans for the next phase of the masterplanned community.

Now on public exhibition through the NSW Government's Housing Delivery Authority pathway is a State Significant Development Application for a further 657 homes on the prominent gateway site opposite Beaton Park.

The proposal comprises three buildings, including two build-to-sell towers rising 25 and 30 storeys, delivering 391 apartments, alongside a 12-storey co-living building with 266 residences, making it one of the largest co-living proposals currently planned in regional New South Wales.

Of the apartments proposed in the build-to-sell towers, the majority, 310, are two-bedroom dwellings. The balance comprises 44 one-bedroom apartments and 37 three-bedroom residences. Apartment sizes range from around 50 sqm for one-bedroom homes to approximately 90 sqm for three-bedroom apartments.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="19347059-1612-41a0-9c74-b86a657237f8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%2010.02.18%E2%80%AFAM.png?VersionId=sWXnaCcA.cIC6N8YT1dg5pJ2e1V3Z6z7" />

The submission says the proposal has evolved significantly from its original Housing Delivery Authority application following extensive consultation with the State Design Review Panel and Wollongong City Council.

The final scheme has been designed to align with the emerging vision for the Flinders Street Precinct, an area identified by Council as a future high-density mixed-use neighbourhood capable of accommodating substantial housing growth close to transport, employment and community infrastructure.

According to the design report prepared by COX Architecture, the development aims to "deliver a built outcome consistent with the future character of the Wollongong CBD while responding to the site's unique constraints and opportunities."

"Our vision for the next phase of the site evolution in Wollongong is grounded in three design pillars that guide the design response: place, natural environment and celebration," COX said.

"Inspired by its surroundings and grounded in the stories of place on Wodi Wodi Country, the design proposal acknowledges the established character of its setting while creating a unique and timeless identity that sits harmoniously within it.

"The design proposal responds to its specific site conditions, acknowledging the vegetation, climate, wind conditions and solar access of the site."

The architecture responds directly to the site's position between Wollongong's urban core and its natural landscape setting.

COX identified views towards Mount Keira and the Illawarra Escarpment as defining features of the site, while the upper levels of the towers will also capture expansive views across the city and out to the Pacific Ocean.

The design team has positioned the tallest buildings closer to the rail corridor, where overshadowing impacts can be better managed while establishing a landmark built form on the northern approach into the city.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="79580d5b-500c-4ebf-9629-797146a4a694" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.51.59%E2%80%AFAM.png?VersionId=WbTB1EKSG.KDfsfz0F3wp1QVa2oCMGR5" />

Urban Property Group secured the 11,000 sqm Smith Street site in 2022 and has since progressed plans for the broader Keira Place precinct.

Construction recently commenced on the first stage of Keira Place, which will deliver 150 apartments across two residential buildings, including 27 affordable housing apartments and 18 specialist disability accommodation dwellings, alongside activated ground-floor retail and commercial space.

Urban Co-CEO Patrick Elias said the commencement of construction 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/groundbreaking-marks-start-of-construction-at-keira-place-in-wollongong-cbd">Groundbreaking marks start of construction at Keira Place in Wollongong CBD</a>

&nbsp;

&nbsp;

&nbsp;

Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place

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>

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Ellen Walker

Off-the-plan property explained: What is stamp duty?

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A home in the north-eastern Adelaide suburb of Windsor Gardens has been listed for mortgagee sale.
The four-bedroom, two-bathroom home is being offered at $550,000.
Located at 14 Hart Street, the thoughtfully-designed home is set on a 469 sqm block.
Its offerings include a low maintenance yard with a swimming pool and combined spa, and an alfresco entertaining area.
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-09-09%20at%202.44.32%20pm.png" alt="">
According to CoreLogic data, the median house price in Windsor Gardens is $468,000.
The property is located less than 10 kilometres to the CBD, vibrant North Adelaide and quality primary and secondary schools.
Boffo Real Estate’s Jimmy Wu and Carlos Carosi hold the listing.
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j.ballantyne1990-6AQqhLzZaK

Mortgagee home in Adelaide's Windsor Gardens listed

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A mortgagee unit in Bruce, ACT has come onto the market.
Set on a 136sqm block, the property offers three bedrooms and two bathrooms.
The home is listed with a price tag of $650,000, well above the median value price for units in Bruce at $442,203, according to CoreLogic.
Situated at 30/101 Kinloch Circuit, the home offers two courtyards, private alfresco area, dark panel flooring and a walk-in pantry.
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-09-09%20at%202.27.14%20pm.png" alt="">
The two-storey unit is only one kilometre to the University of Canberra and an eight minute drive to Westfield Belconnen.
The home is listed through the real estate agency buyMyplace.
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Two storey Bruce, ACT mortgagee unit listed

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A mortgagee property in Western Australia’s Greenfields has come onto the market.
The three-bedroom, one-bathroom home has been listed with hopes of between $190,000 and $200,000.
Located at 4 Lorikeet Court, the 703 sqm block is situated at the end of a quiet cul-de-sac.
The property’s offerings include a large enclosed patio room, storage sheds and decent yard area.
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-09-09%20at%202.10.20%20pm.png" alt="">
It last traded for $260,000 in 2014.
The home is in close proximity to the amenities in Mandurah, as well as being less than an hour to Perth.
Acton agent Greg Kent has the listing.
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Greenfields, Western Australia mortgagee home listed for $200,000 

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The national residential rental vacancy rate dropped over August, according to figures released by SQM Research. 
It dropped from 2.1 per cent to two per cent, with the total number of vacancies across the country dropping to 69,971.
But the locked-down Melbourne's rates have continued to soar, with its CBD recording its highest ever vacancy rate of 10 per cent, up from 8.8 per cent in July.
City-wide, the vacancy rate rose from 3.1 per cent to 3.4 per cent.
It was better news for property owners in other capital city CBD's.
Sydney's CBD vacancy rates are now 12.9 per cent, down from its record high of 16.2 per cent in May.
The Brisbane CBD also saw its vacancy rate scale back, to 11.4 per cent. Its high came in June when there were 14 per cent of residential properties vacant.
Adelaide's CBD vacancy rate also jumped, to 8.4 per cent from 7.6 per cent. Perth CBD remained stable at 5.5 per cent.
To enlarge, <a href="https://www.propertyobserver.com.au/images/2020/9/15/SQM%20vacancy%20rates.png" target="_blank">click here</a>.
 <img src="https://www.urban.com.au/images/2020/9/15/SQM%20vacancy%20rates.png" alt="">
Sydney still has the highest vacancy rate in the country. Despite scaling back 0.1 per cent in July, the vacancy rate still sits at 3.5 per cent.
Hobart’s vacancy rate is the lowest in the nation at 0.7%, with Canberra and Adelaide also recording low vacancy rates of 0.8% and 0.9% respectively.  
The regional market continues to be sought-after as city dwellers seek a life outside of CBD's.
Most regional locations recorded falls in rental vacancy rates, with Sydney’s Blue Mountains falling to a record low rental vacancy rate of just 0.7%, along with Victoria’s Mornington Peninsula. 
Queensland’s Ipswich fell to just 0.9%. 
 
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jrobinson-rf4aSBido9

Melbourne spikes, but residential vacancy rates decrease over August: SQM Research

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The former three star hotel Bondi Sinclairs has been listed for auction.
The 24 room boarding house at 11 Bennett Street in Bondi is being marketed by CBRE's Paul Grasso as being potentially suitable to be converted in to residential apartments.
Set on a 505 sqm block, the three level block has ocean views from the elevated floors.
It last traded for $2.8 million in 2004, and has previously been around $90 a night to book a room, some which come with their own private bathrooms.
The building is going under the hammer October 13 and is being offered with vacant possession. 
 
    
 
 
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Sinclairs Bondi up for auction up for auction with residential conversion potential

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There was a 64 percent weekend auction success rate in Sydney, with sales including the controversial chef Pete Evans and his wife Nicola Robinson securing $3.366 million for their Malabar home.
The five-bedroom home (above) sold through NG Farah for $166,000 above reserve.
Melbourne recorded just two sales from just a dozen of so homes listed for auction. Domain advised the same weekend last year saw a 72 percent success rate from 797 auctions.
The nation's top advised sale was $3.4 million in Manly when RED Property sold 48 Osborne Road (below).
<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/2020/9/14/48%20Osborn%20Manly.jpg" alt="">
There was a $3.15 million sale in Canberra with the sale of 63 Mugga Way, Red Hill.
The Bronte home of global cancer specialist GenesisCare founder Dan Collins and his wife, Cassandra, passed in on a vendor bid of $16.5 million, according to the Wentworth Courier.
PPD Real Estate agent Alexander Phillips had three registered bidders for the five-bedroom, four-bathroom Miramar Avenue home.
Adelaide had the nation's cheapest sale when $370,000 was paid for 4 Indora Avenue, Ingle Farm.
CoreLogic noted the combined capital city preliminary auction clearance rate held firm relative to last week across a lower volume of auctions.
There were 823 homes taken to auction over the week, down from 866 over the previous week and 1,639 this time last year.
Of the 657 results collected so far, 67.3 per cent were successful, roughly equivalent to lastweek’s preliminary figure of 67.5 per cent which laterrevised down to 60.5 per cent at final collection.
Over the same week last year, a final clearance rate of 72.8 per cent was reported across the combined capitals.
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Sydney was host to 606 auctions this week, similar to last week when 608 auctions were held, although higher than this time last year when 585 homes were taken to auction. 
Of the 507 auction results collected so far, 70.4 per centwere successful, up slightly from last week’s preliminaryresult of 69.5 per cent which revised down to 62.3 per cent at final results. This time last year, Sydney recorded a final auction clearance rate of 76.0 per cent.
Across the smaller markets, Canberra recorded the highest preliminary clearance rate of 83.0 per cent, across 47 auction results, followed by Adelaide with a preliminary clearance rate of 75.9 per cent across 29 results.
</div>
</div>
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Pete Evans sells as Sydney weekend auctions remain strong

On Sunday night, the Andrews Government announced plans of a "slow, steady, and safe" <a href="https://www.theage.com.au/national/victoria/andrews-maps-out-long-road-to-covid-normal-20200906-p55ss9">road map</a> to guide Victoria out of the strict lockdown imposed to reduce the spread of the virus during the second wave of the pandemic. With the decline in&nbsp;infection cases, record low-interest rates, new and existing&nbsp;<a href="/news/everything-you-need-to-know-about-australias-25-000-homebuilder-grant-how-much-off-the-plan-homebuyers-could-save">government grants</a> available to first home buyers as well as the competitive discounts offered by developers in the current environment – now provides a unique opportunity for buyers to enter the <a href="/guides">off-the-plan</a> market.

If you’re considering purchasing an off-the-plan property in Melbourne, here are 5 of the capital city’s most exquisite and luxurious <a href="/new-apartments">developments on the market </a>right now.

1. Melbourne Square

93-119 Kavanagh Street, Southbank VIC 3006

[smartcode_project:default project_id=2929]

Situated right in the heart of ­­­Southbank, <a href="/buildings/melbourne-square-93-119-kavanagh-street-southbank">Melbourne Square</a> is a short stroll away from the incredible Yarra River, Melbourne’s renowned art precinct, and some of Australia’s top fine-dining restaurants including The Atlantic and Nobu. The world-class residential tower designed by<a href="/architects/cox-architecture"> COX Architecture</a> with interiors by <a href="/architects/carr-design">Carr</a>, offers residents a premium level of personal services and luxury amenities that redefine the meaning of bespoke living.

Amongst the list of incredible amenities and communal facilities include private and bookable dining rooms, a cinema, golf simulator,&nbsp;&nbsp;a sun terrace, and a fully-equipped gymnasium&nbsp;for residents to enjoy.

<figure><a href="/buildings/melbourne-square-93-119-kavanagh-street-southbank"><img alt="" class="image-article_full_width_580px" data-entity-type="" data-entity-uuid="" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/2503_23_13_190206_052807-w800-h600_0.jpg?itok=pLS9E2EP" title="Melbourne Square - 93-119 Kavanagh Street, Southbank. Image: CBRE" width="580" /></a>

<figcaption>Melbourne Square - 93-119 Kavanagh Street, Southbank. Image: CBRE</figcaption>
</figure>

<figure><a href="/buildings/melbourne-square-93-119-kavanagh-street-southbank"><img alt="" class="image-article_full_width_580px" data-entity-type="" data-entity-uuid="" height="385" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/oskh9386_melbourne_square_ia06_spa_small.jpg?itok=T9qxsCRb" title="Melbourne Square - 93-119 Kavanagh Street, Southbank. Image: CBRE" width="580" /></a>

<figcaption>Melbourne Square - 93-119 Kavanagh Street, Southbank. Image: CBRE</figcaption>
</figure>

2. Capitol Grand

257 Toorak Road, South Yarra VIC 3141

[smartcode_project:default project_id=357]

<a href="/buildings/capitol-grand-241-toorak-road-south-yarra">Capitol Grand</a>, located in one of Melbourne’s most bustling and affluent inner-city suburbs, <a href="/new-apartments/south-yarra-vic-3141">South Yarra</a> is the newest and upcoming 50-storey development by the <a href="/developers/lk-property-group">LK Property Group</a>. The development offers its residents a New-York style of living, fulfilled through a six-star hotel-style lobby and 24-hour concierge service desk.&nbsp;

With a David Jones Food Hall anchoring the three levels of luxury retail stores, a state-of-the-art gymnasium, an infinity pool overlooking the city skyline as well as a six-star spa and wellness centre, residents of Capitol Grand will be able to enjoy the <a href="/buildings/capitol-grand-241-toorak-road-south-yarra">amazing collection of world-class amenities</a> across two levels (The Deck and Azure Club).

<figure><a href="/buildings/capitol-grand-241-toorak-road-south-yarra"><img alt="" class="image-article_full_width_580px" data-entity-type="" data-entity-uuid="" height="725" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/capitol-grand-257-toorak-road-south-yarra-414ea5535fb1cfc9d53f23ca11dc40e3_1.jpg?itok=8gQ3ZKun" title="The Capitol - 257 Toorak Road, South Yarra. Image: Amity" width="580" /></a>

<figcaption>The Capitol - 257 Toorak Road, South Yarra. Image: Amity</figcaption>
</figure>

<figure><a href="/buildings/capitol-grand-241-toorak-road-south-yarra"><img alt="" class="image-article_full_width_580px" data-entity-type="" data-entity-uuid="" height="361" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-09-11_at_3.04.59_pm_0.png?itok=706J3bNR" title="The Capitol - 257 Toorak Road, South Yarra. Image: Amity" width="580" /></a>

<figcaption>The Capitol - 257 Toorak Road, South Yarra. Image: Amity</figcaption>
</figure>

3. R.Iconic Melbourne

253-273 Normanby Road, South Melbourne VIC 3205

[smartcode_project:default project_id=5234]

An urban sanctuary adjacent to the affluent Albert Park, Middle Park and South Melbourne suburbs, R Corporation’s latest residential project, <a href="/buildings/r-iconic-south-melbourne-259-normanby-road-south-melbourne">R. Iconic </a>is the only park front development with protected, endless views to the water and the city.&nbsp;

The $850 million property features a wealth of amenities through its carefully considered building design and philosophy which is focused around the long-term benefits to its residents and their wellbeing.&nbsp;

With a series of high-end shared facilities including an expansive outdoor infinity pool, a running track, yoga studio, private dining pavilions, and a wine vault, residents of R.Iconic can expect a truly unique dwelling environment that is metropolitan, yet provides a place of sanctuary.

<figure><a href="/buildings/r-iconic-south-melbourne-259-normanby-road-south-melbourne"><img alt="" class="image-article_full_width_580px" data-entity-type="" data-entity-uuid="" height="593" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/facade-7_0.jpg?itok=W7kphWuq" title="R.Iconic Melbourne- 253-273 Normanby Road, South Melbourne. Image: Mediaplus" width="580" /></a>

<figcaption>R.Iconic Melbourne- 253-273 Normanby Road, South Melbourne. Image: Mediaplus</figcaption>
</figure>

<figure><a href="/buildings/r-iconic-south-melbourne-259-normanby-road-south-melbourne"><img alt="" class="image-article_full_width_580px" data-entity-type="" data-entity-uuid="" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/image-1.jpg?itok=OoJoxf6c" title="R.Iconic Melbourne- 253-273 Normanby Road, South Melbourne. Image: Mediaplus" width="580" /></a>

<figcaption>R.Iconic Melbourne- 253-273 Normanby Road, South Melbourne. Image: Mediaplus</figcaption>
</figure>

4. Voyager

103 South Wharf Drive, Docklands VIC 3008

[smartcode_project:default project_id=3494]

Comprising 315 contemporary apartments across 43 floors that dominate the Docklands skyline at 138 metres, <a href="/developers/mirvac">Mirvac’s</a> brand-new residential development, <a href="/buildings/voyager-docklands-103-south-wharf-drive-docklands-vic-3008">Voyager</a> will become the tallest building to date in Melbourne’s award-winning waterfront sanctuary <a href="/news/docklands-places-and-spaces-part-one-yarras-edge">Yarra’s Edge.</a>&nbsp;

Residents of Voyager will be able to enjoy exclusive access to the private rooftop lounge and bar, complete with open-air fire-pit and panoramic views of the city skyline.

Furthermore, with full access to the Wharf Club, a health and wellness facility just a short stroll from the Voyager lobby, residents will be able to meet their fitness goals in chic style with state of the art gymnasium equipment complete with an indoor pool, spa, and steam room.

Alongside the expansive list of premium and uber-luxurious amenities, the proximity of the CBD from the residential building will provide residents with a convenient and relaxing waterfront way of dwelling.

<figure><a href="/buildings/voyager-docklands-103-south-wharf-drive-docklands-vic-3008"><img alt="" class="image-article_full_width_580px" data-entity-type="" data-entity-uuid="" height="349" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/yarrasedgevoyagerrooftopskydeckcitypanorama_1030x620pxl_0.jpg?itok=Glf6GiuR" title="Voyager- 103 South Wharf Drive, Docklands. Image: Mirvac" width="580" /></a>

<figcaption>Voyager- 103 South Wharf Drive, Docklands. Image: Mirvac</figcaption>
</figure>

<figure><a href="/buildings/voyager-docklands-103-south-wharf-drive-docklands-vic-3008"><img alt="" class="image-article_full_width_580px" data-entity-type="" data-entity-uuid="" height="266" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/3_1200x550-1.jpg?itok=dwMjSk7C" title="Voyager- 103 South Wharf Drive, Docklands. Image: Mirvac" width="580" /></a>

<figcaption>Voyager- 103 South Wharf Drive, Docklands. Image: Mirvac</figcaption>
</figure>

5. UNO Melbourne

111 A’Beckett Street, Melbourne VIC 3000

[smartcode_project:default project_id=3281]

<figure><a href="/buildings/uno-melbourne-117-abeckett-street-melbourne"><img alt="" class="image-article_full_width_580px" data-entity-type="" data-entity-uuid="" height="353" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/uno-melbourne-111-abeckett-street-melbourne-6a0d7b61b17e1abc0fd510b68795495c.jpg?itok=l_Ljje8a" title="Uno Melbourne - 111 A’Beckett Street, Melbourne. Image: S P Setia" width="580" /></a>

<figcaption>Uno Melbourne - 111 A’Beckett Street, Melbourne. Image: S P Setia</figcaption>
</figure>

<figure><a href="/buildings/uno-melbourne-117-abeckett-street-melbourne"><img alt="" class="image-article_full_width_580px" data-entity-type="" data-entity-uuid="" height="322" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/uno-tower-in-melbourne-e120919-3.jpg?itok=WceQhfMm" title="Uno Melbourne - 111 A’Beckett Street, Melbourne. Image: S P Setia" width="580" /></a>

<figcaption>Uno Melbourne - 111 A’Beckett Street, Melbourne. Image: S P Setia</figcaption>
</figure>

Widely known and respected internationally as a market leader in property development, <a href="/developers/s-p-setia">S P Setia</a>’s latest landmark project, <a href="/buildings/uno-melbourne-117-abeckett-street-melbourne">UNO Melbourne</a> embodies the notion of chic and unparalleled living in the heart of Melbourne’s CBD.

The architectural masterpiece designed by <a href="/architects/fraser-partners-0">Elenberg Fraser</a>&nbsp;features a 65 level multi-residential tower complete with generous open plan living and high-quality materials and finishes. Conveniently located on A'Beckett Street, the building is situated right within the free tram zone and is within walking distance to Melbourne Central Station and Shopping Centre, Flagstaff Gardens, and the renowned Queen Victoria Market.&nbsp;

Alongside its proximity to some of Melbourne’s trendiest brunch spots and restaurants including Operator25, residents of UNO Melbourne can find world-class amenities right at their doorsteps with an onsite childcare facility, 24-hour concierge, a fully-equipped wellness centre as well as access to a teppanyaki private dining space, perfect for entertaining local or out of town guests.

vivian_48447

Melbourne’s top 5 luxury apartments in 2020

The Sydney Eastern City Planning Panel have approved the $135 million re-development of the former Balmain Leagues Club site.

Investment house and residential developer Heworth Holdings will be in control of the 28,000 sqm mixed-used development on the corner of Victoria Road and Darling Street.

As well as 167 apartments, there will be commercial space, including 'live/work' units, and a new public town square with a supermarket, speciality retail and a community arts studio.

The lower levels of the complex will comprise the new Tigers Leagues Club.

<img alt="" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/9/11/Balmain%20Leagues.jpg" />

The whole project will create over 1,000 jobs, with over 417 jobs as part of the construction phase and nearly 600 direct and indirect operational roles with the new club, retail and commercial components of the development.&nbsp;

<div class="layoutArea">
<div class="column">
Heworth’s head of property Christopher Walsh described the DA approval as a “significant milestone in the site’s history and great outcome for the inner-west community”.

“We’re delighted that the project has been given the green-light and we can start work on resurrecting the site and building a new Balmain Tigers Leagues Club, for the benefit of its loyal members and the wider community, who’ll enjoy the new amenities,” Mr Walsh said.

“Heworth has&nbsp;continued to engage with the local inner-west community throughout the three year planning process and we’d like to thank Mayor Darcy Byrne and the Inner-West Council for their ongoing support and interest in the project.

Heworth Holdings comprises Heworth Fund Management, Heworth Lendbuild and Heworth Construction.

[smartcode_project:default project_id=29140]
</div>
</div>

Balmain Leagues Club site set for $135 million re-development

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A mortgagee property in Queensland’s Worongary has been sold for $570,000. 
The 3,581 square metre block is conveniently located close-by Worongary shopping centre, schools and the motorway.
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-07-30%20at%204.42.46%20pm.png" alt="">
The property, located at <a href="https://www.realestate.com.au/property-house-qld-worongary-134093498" target="_blank">101 Mudgeeraba Road</a>, offers dual living with a four-bedroom, three-bathroom main residence and a self-contained flat.
Positioned separately from the house, the two-bedroom, one-bathroom granny flat is perfect for family, guest accommodation or as a source of rental income.
Its features include an expansive property and hardwood flooring.
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-07-30%20at%204.42.41%20pm.png" alt="">
The home last traded in 2014, selling for $570,000.
LJ Hooker agents Karl Grossman and Chantal Damiani had the listing.
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Worongary, Queensland mortgagee home sold for $570,000

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EXPERT OBSERVER
Plenty of data suggests certain rental markets have deteriorated amid the COVID-19 pandemic.
CoreLogic data showed a 0.8% decline in national rent values from the end of March to the end of August, with more acute falls in the unit markets of Sydney and Melbourne, where rent values have fallen 4.2% and 4.4% respectively over the same period.
The closure of international borders has created a shock to rental demand, as most migrants rent when they initially come to Australia.
An estimated 21.1% of payroll jobs have been lost across food and accommodation services since the onset of the pandemic, an industry where people are more likely to rent.
The exposure of inner city areas to overseas migration, and inner-city workforces to accommodation and food services, has made these markets particularly susceptible to a rise in rental stock, and lower prices. But less data exists on the current dynamics between investors and landlords which is becoming increasingly important as we approach the expiry of a moratorium on evictions, which have already been extended in some states.
CoreLogic conducted a survey of property managers, and other real estate professionals using the RP Data Professional platform. The survey provides some insight into rental conditions across the rental properties overseen by these professions. 
A majority of agencies noted stable tenancy conditions, but a sizeable number saw increases in arrears, rent reduction requests and postponed payments Each survey question had an average of 169 respondents.
Against the wider population of property professionals using the application, it suggests a margin of error in the responses of 7% at a 95% confidence interval. Respondents were surveyed over mid-to-late August. Of the respondents, the majority were located in the most populous states of Victoria, NSW and Queensland.
Nearly half (48.6%) were real estate principals, while a further 35.8% were property managers. Across the larger states and territories, respondents by role were fairly uniform.
Furthermore, respondents managed rental portfolios of varying sizes. The majority of respondents (60.3%) managed a large portfolio of 100 or more rental properties, while a further 14.4% managed between 50 and 99 properties.
Key findings from the survey are presented below About the survey While the majority of respondents noted they had not seen a deterioration in rental conditions over the last two weeks, there is a sizable portion of agencies that had.
Almost a third of real estate professionals had seen an increase in requests for rent reductions, over a quarter had seen an increase in rental delinquencies, and 8.8% had noted an increase in evictions.
Of the real estate professionals who had noted an increase in rental delinquencies, 56.8% were based in Victoria, suggesting renewed restrictions across the state has impacted tenants’ ability to service rent.
Eliza Owen, Head of Research Australia at CoreLogic
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