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.

Joel Robinson

The inflation result the property market was waiting for

Commercial property group FiveX is doubling down on its move into the residential space.

The group, founded by Joshua and Marko Berger more than five decades ago, has followed up its plans for a 39-storey tower on North Sydney's Alfred Street with a proposed 61-storey tower in Chatswood.

The new tower at <a href="https://www.apartments.com.au/new-apartments/815-pacific-highway-chatswood-nsw-2067">815 Pacific Highway</a>, which would be one of the tallest proposed in Chatswood in recent years, will comprise 490 apartments, 76 of which will be dedicated affordable housing and managed by Evolve Housing for a minimum of 15 years.

The project will replace the long-standing Panorama Building, originally known as the BMA Tower, a 14-storey office building completed in 1972 and designed by Hungarian-born architect Hugo Stossel. At the time of its completion, the building was the tallest structure in Chatswood and became a local landmark due to its distinctive curved form and external glass lift.

<img alt="FiveX" data-entity-type="file" data-entity-uuid="956bd299-3864-47a0-8ea6-162b5524c5d8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-24%20at%201.02.03%E2%80%AFPM.png?VersionId=EWx7teUr7RcYrI9mgRytwppwt5AdUDtb" />

fjcstudio is behind the designs. Its Architectural Design Report argues the ageing commercial building no longer reflects Chatswood's role as one of Sydney's key strategic centres and that the site is ideally positioned to support significantly higher residential density.

"The site is located at the heart of Chatswood, within the TOD accelerated rezoning area that supports higher density development around the new Metro station," the report states.

"The site's role within a walkable 400-metre radius catchment is where housing, employment, retail and community uses are encouraged to cluster in support of transit-oriented living."

<img alt="fjc" data-entity-type="file" data-entity-uuid="8d198f5e-cc71-4175-9357-be6ec7207473" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-24%20at%201.18.27%E2%80%AFPM.png?VersionId=5WUFc3IYBPvhQMBUYLCsjJhzdcVeYodE" />

The proposal has undergone two rounds of review by the NSW State Design Review Panel, with the design evolving through an extensive assessment process focused on design excellence, public realm outcomes, residential amenity and the integration of affordable housing.

fjcstudio says the residential component provides a diverse mix of apartment typologies, supporting a broad demographic and contributing to housing supply in a highly accessible location close to major transport, employment and retail infrastructure.

The application follows FiveX's plans for a 39-storey tower at <a href="https://www.apartments.com.au/new-apartments/275-alfred-street-north-north-sydney-nsw-2060">275 Alfred Street</a>, which it <a href="https://www.apartments.com.au/new-apartments/275-alfred-street-north-north-sydney-nsw-2060">submitted through the same NSW Government pathway</a> in December. That's for 184 apartments.

Recent activity in Chatswood includes Hyecorp launching its Archer Street project, Celine, and Develotek securing approval for a 34-storey tower.

First look: FiveX targets Chatswood skyline with 61-storey tower after North Sydney plans

Bridgewell Capital and SLD Development seem to be bullish on the Killara apartment market, filing plans for a second new development next to the Killara Golf Club.

The new plans are for 79 apartments across an amalgamated 4,989 sqm site on Buckingham Road.&nbsp;The project has been designed by BKA Architecture and is being assessed under the NSW Government's Low and Mid-Rise Housing and Infill Affordable Housing reforms. It is just 300 metres from&nbsp;Killara train station.

The majority of the apartments are three-bedrooms (46), with 23 two-bedroom apartments, seven one-beds, and three four-bedroom apartments. 17 of the apartments&nbsp;are proposed as affordable housing, representing 15 per cent of the project's gross floor area, allowing the development to access additional floor space and height incentives available under the NSW Housing SEPP.

There will be 131 resident and visitor car spaces, and more than&nbsp;1,450 sqm of communal open space. Landscaped areas would account for approximately 45 per cent of the site.

<img alt="Killara" data-entity-type="file" data-entity-uuid="75ef5ef7-a53b-4932-a8f1-38f63169eec9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-24%20at%2011.04.00%E2%80%AFAM.png?VersionId=d_lG1A1StDaMQilljy25Fr8SF1BnAmKE" />

The site currently contains three detached dwellings and occupies a prominent position on the eastern side of Buckingham Road, with frontage to an area that has already begun transitioning towards higher-density housing. Existing apartment buildings of up to six storeys surround the site, while the Killara Golf Club forms its southern boundary.

The application has been lodged as a State Significant Development due to the affordable housing component and the scale of the project.

According to the design report, the proposal has been shaped by the area's evolving planning framework, which is encouraging greater housing density around transport infrastructure.

"The site sits along a growth area anticipated to undergo transformation in line with broader trends across New South Wales, driven by the implementation of the Low and Mid-Rise and Transport-Oriented Development State Housing Policies," the report states.

"Being within 800 metres walking distance to Killara Train Station, the project seeks to provide high-quality apartments designed for various family sizes, located in a vibrant landscaped setting."

The Upper North Shore suburb has become one of the most closely watched testing grounds for the NSW Government's housing reforms. A number of developers have moved quickly to consolidate sites around railway stations across suburbs including Killara, Lindfield, Gordon and Roseville, where the new planning settings are creating opportunities for apartment developments that would previously have been difficult to achieve.

The likes of Aqualand, Hyecorp, Holdmark and Vermont Property Group have projects in the region.

Bridgewell has several developments in the pipeline. Last September they submitted plans for <a href="https://www.apartments.com.au/news/nsw/bridgewell-capital-seeks-55-apartment-project-in-killara">55 new apartments</a> at&nbsp;23-25 Lorne Avenue in Killara, just the other side of Regimental Park from their new project. In May they filed for <a href="https://www.apartments.com.au/news/nsw/first-look-bridgewell-plots-120-apartments-and-childcare-centre-in-maroubra-town-centre">120 apartments in Maroubra</a>.

&nbsp;

&nbsp;

&nbsp;

First look: Bridgewell, SLD Development double down on Killara Golf Club

Sydney developer&nbsp;<a href="https://www.apartments.com.au/developers/central-element">Central Element</a>&nbsp;is doubling down in Drummoyne, lodging plans for a boutique apartment development on St Georges Crescent, only one-kilometre down the road from its first Drummoyne development, Bianca.

The new project at 15A-21 St Georges Crescent,&nbsp;a&nbsp;1,701sqm north-facing site overlooking Iron Cove, will have 45 apartmnts across 10 levels. Eight of the units will be dedicated to affordable housing.

The site sits within walking distance of Drummoyne Village, Birkenhead Point, ferry services and the Bay Run, and offers harbour views towards the Sydney Harbour Bridge and CBD skyline.

Designed by MHN Design Union, the development will deliver a mix of one, two and three-bedroom apartments, alongside resident amenity including a gym, landscaped communal open space and three levels of basement parking.

The project has been lodged under the NSW Government's Low and Mid-Rise Housing reforms, with Drummoyne Village identified as a town centre capable of accommodating additional housing supply.

Central Element acquired the site earlier this year as part of its continued expansion across Sydney's eastern suburbs, lower north shore and inner west.

The developer's current pipeline includes luxury apartment projects Pearl Bondi and a separate development on Lamrock Avenue in Bondi, a residential project in Barry Street, Neutral Bay, and a mixed-use seniors living community in Greenwich.

Central Element Managing Director Nathan Chivas said the project would address a shortage of new owner-occupier housing opportunities in Drummoyne.

"While we're seeing a significant shift across Canada Bay as major infrastructure investment, population growth and planning reform drive a new chapter for the region, in suburbs like Drummoyne there remains a genuine shortage of new boutique luxury housing opportunities for owner occupiers," Chivas said.

"Sites of this nature are increasingly difficult to secure, particularly those that combine a north-facing aspect with direct water outlook. Our St Georges Crescent project responds directly to the market demand, offering a level of exclusivity, outlook and lifestyle in the highly sought after suburb."

The development application has been lodged with the City of Canada Bay Council, with the project expected to launch to market in early 2027.

&nbsp;

Central Element seeks second Drummoyne apartment development

The NSW Government has unveiled plans that could deliver around 1,300 new homes across Nowra and Kiama, continuing its push to unlock housing in well-located regional centres along the South Coast.

The proposals, now on public exhibition, would pave the way for around 830 homes in Nowra and a further 450 homes in Kiama, while also introducing affordable housing requirements and increased building heights in key locations.

The larger of the two proposals is centred on Nowra, where the NSW Government is seeking to rezone land within the Mandalay and Riverfront precincts.

The Mandalay sub-precinct, located close to Shoalhaven Memorial Hospital, Nowra Library and the city's aquatic centre, could accommodate around 530 new homes. Around 30 per cent of housing delivered on Homes NSW-owned land would be dedicated to social and affordable housing, equating to roughly 100 homes. Building heights would increase from the current two-storey limit to between three and six storeys.

A separate rezoning proposal for the Nowra Riverfront Precinct would unlock a further 377 homes while creating stronger connections between the Shoalhaven River and the CBD. The plans include building heights ranging from five to 12 storeys, floor space ratios of up to 2:1 and a requirement for two per cent affordable housing.

Together, the two proposals would deliver more than 900 homes across the broader Nowra area, reinforcing the city's role as one of regional NSW's key growth centres.

The housing push builds on previous infrastructure commitments in the Shoalhaven, including government funding aimed at supporting thousands of future homes in West Nowra through upgrades to water and wastewater infrastructure.

Further north, the NSW Government is also progressing plans for the former Kiama Depot site, a two-hectare parcel near Kiama's town centre.

The rezoning proposal would transform the former industrial site into a residential community capable of delivering up to 450 homes. Buildings would range between six and eight storeys, with at least 10 per cent of homes allocated as affordable housing. The proposal also includes approximately 600 parking spaces and improved walking and cycling connections.

Planning Minister Paul Scully said the proposals are designed to increase housing supply in locations close to jobs, transport and services.

"For too long, families have struggled to find somewhere to live, and activating underutilised sites allows us to deliver the new homes these families need," Scully said.

"The Minns Labor Government is getting on with the job of unlocking well-located sites close to transport, jobs, and town centres and building the homes our communities need.

"These rezonings are about removing barriers to housing delivery and making sure land is put to better use so more people can find a place to call home within the communities they choose."

The latest rezonings form part of the Minns Government's broader strategy to accelerate housing delivery across NSW, particularly in established centres where existing infrastructure can support additional population growth.

Community consultation on the proposals is now underway, with feedback set to inform the final planning controls before the rezonings are determined.

Around 1,300 new homes earmarked for Nowra and Kiama as NSW Government pushes housing supply

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

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

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The fastest selling private treaty market for houses in New South Wales is the western Sydney suburb of Acacia Gardens with an average 15 days on market with a median price of $660,000.
According to CoreLogic RP Data, Werrington followed with a median of $478,000 with 17 days on market, Winston Hills with a median of $811,000 and 18 days on the market and Milperra with 19 days on the market and a median price of $725,000.
<a href="/news">Acacia Gardens</a><a href="/news"></a> is 40km west of Sydney's CBD at the southern end of the Hills District.
 
<a href="/images/2015/07/25/Screen%20Shot%202015-07-25%20at%209.26.00%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/07/25/Screen%20Shot%202015-07-25%20at%209.26.00%20PM.png" alt="">
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jonathanchancellor-7SQnKwU6yx

Acacia Gardens NSW's fastest selling suburb for houses

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Sydney recorded a 79.7% weekend auction clearance rate - a year low.
The weekend result came after the unsettling suggestion Sydney's median house price had hit $1 million.
Domain Group's Australian Property Monitors had tabulated 590 of the 715 expected results, with late results expected to see the final figure even lower.
Last weekend's revised result was 78.3%.
Barring holiday weekends, the clearance rate for Sydney has sat above 80% since the February 7 weekend, when the auction season got underway.
Below 80% results were recorded on the January 31, 2015 and December 20, 2014 weekends. 
The same weekend last year had a 73% success rate across Sydney.
<img src="https://i1.au.reastatic.net/800x600/45ab77ea64bb5f3c0f5269a636e25449208799b85250d66ea295ceac3bef4b9d/image2.jpg" alt="1 &amp; 2/10 Bruce Avenue, Manly" title="1 &amp; 2/10 Bruce Avenue, Manly" data-index="1">
A clearance rate of 79 per cent was recorded this weekend in Melbourne compared to 75 per cent last weekend and 70 per cent this weekend last year, <a href="https://www.reiv.com.au/Property-Research" target="_blank">with 671 auctions reported to the REIV today</a>.
The highest sale of the day was in Sydney where a three level Manly harbourfront duplex (above) sold at $4.55 million to expats through Cherie Humel-Clarke of Clarke &amp; Humel who had just the three registered bidders for 10 Bruce Avenue.
Sydney's cheapest was $338,000 at Regents Park - which had sold pre-renovation at $217,000 in 2012.
Melbourne's dearest reported result was <a href="https://8ferdinandav.com/" target="_blank">8 Ferdinand Avenue, Balwyn North</a> which sold for $3,600,000, a near new home in the prized Balwyn High School zone.
APM's weekend cheapest 
<table style="width: 470px; height: 146px;" border="0" cellspacing="0" cellpadding="5"><tbody>
<tr id="ecxrpMostAffordable_trMostAffordableRow_0">
<td id="ecxrpMostAffordable_tdMostAffordableCity_0" align="left">Sydney</td>
<td id="ecxrpMostAffordable_tdMostAffordableLocation_0" colspan="2">11/8 Edwin St, Regents Park NSW 2143, 1 br Unit, Town &amp; Country</td>
<td id="ecxrpMostAffordable_tdMostAffordableSold_0">$338,000</td>
</tr>
<tr id="ecxrpMostAffordable_trMostAffordableRow_1">
<td id="ecxrpMostAffordable_tdMostAffordableCity_1" align="left">Melbourne</td>
<td id="ecxrpMostAffordable_tdMostAffordableLocation_1" colspan="2">2/17 Abercarn Av, Craigieburn VIC 3064, 3 br Unit, Ray White</td>
<td id="ecxrpMostAffordable_tdMostAffordableSold_1">$280,000</td>
</tr>
<tr id="ecxrpMostAffordable_trMostAffordableRow_2">
<td id="ecxrpMostAffordable_tdMostAffordableCity_2" align="left">Adelaide</td>
<td id="ecxrpMostAffordable_tdMostAffordableLocation_2" colspan="2">23 Lorna Rd, Para Hills SA 5096, 3 br House, Professionals </td>
<td id="ecxrpMostAffordable_tdMostAffordableSold_2">$310,000</td>
</tr>
<tr id="ecxrpMostAffordable_trMostAffordableRow_3">
<td id="ecxrpMostAffordable_tdMostAffordableCity_3" align="left">Brisbane</td>
<td id="ecxrpMostAffordable_tdMostAffordableLocation_3" colspan="2">19 James St, Lowood QLD 4311, 4 br House, LJH </td>
<td id="ecxrpMostAffordable_tdMostAffordableSold_3">$172,500</td>
</tr>
<tr id="ecxrpMostAffordable_trMostAffordableRow_4">
<td id="ecxrpMostAffordable_tdMostAffordableCity_4" align="left">Canberra</td>
<td id="ecxrpMostAffordable_tdMostAffordableLocation_4" colspan="2">5/30 Watson St, Turner ACT 2612, 2 br Unit, McGrath </td>
<td id="ecxrpMostAffordable_tdMostAffordableSold_4">$525,000</td>
</tr>
</tbody></table>
Interestingly Saturday's $1.15 million Sydney auction median was the lowest since June 6, which could most probably reflect that listings across the more traditional pricier suburbs are on hold until the spring sales season.
"The market is creaking under record winter listings," said Domain's senior economist, Dr Andrew Wilson, a more sober assessment than the mid-week exuberance when Fairfax Media gushingly reported the median house price "smash through the magic $1 million mark for the first time."
<a href="/news/sydneys-1-million-house-median-arrives-326-days-early">It was $1,000,616</a>.
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jchancellor-FAypfDUnLy

Sydney's weekend clearance rate dips below 80% - year low result 

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Australians consider now a good time to buy regardless of a three-year rise in capital city home values and the possibility of a 'significant' future price correction, according to a new survey.
75% of respondents to the CoreLogic RP Data Nine Rewards Consumer sentiment survey believe the housing market could suffer a significant correction in values.
Those who believed the market is more vulnerable to a correction are becoming more cautious.
 
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Higher numbers of respondents from Sydney  felt a market downturn was possible, which the survey noted may be attributed to the high rate of capital gain over recent years causing some concern about an over valuation in the Sydney market place. 
Perth residents were overly optimistic about the state of the market since the peak of the resources boom and those in the Northern Territory and regional Western Australia the most pessimistic.
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Source: CoreLogic RP Data Nine Rewards Consumer sentiment survey
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po-LsXgBTHBmX

Australians concerned about home price correction: CoreLogic RP Data

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The amount of homes nationwide sold at a loss is lower than the post financial crisis peak, according to the recent CoreLogic RP Data Pain &amp; Gain report.
The report, covering the March 2015 quarter, found Perth and Darwin had a 'rapid' lift in the rate of loss-making resales over the last few months, noting this is similar in broader housing market conditions where rental rates are reducing and listings are rising. 
<a href="/images/2015/06/23/700_pain1.jpg" target="_blank">Click to enlarge</a>
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mick.cee-iDmgDDAmu8

National loss-making resales 'lower': CoreLogic RP Data

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Two homeowners in Glen Iris are the latest example of residential vendors in Melbourne’s suburbs teaming up to sell their properties to a residential property developer.
Colliers International sold two neighbouring properties at 1520 High Street and 65 Erica Avenue in Glen Iris as a 830 square metre residential development site for $3.4 million. 
The campaign received with over 105 enquiries, selling 24 hours after the EOI period closed, at a record land rate for the area of $4,096/sqm.
Both owners received approximately 30% more through the process of selling to a developer than they would have done had they sold their houses individually, agent Ben Baines said.
“The practice is becoming increasingly common following residential zoning reforms which were gazetted in July last year.”
Ben Baines said agents were seeing an increase in activity from Asian buyers in Melbourne’s metropolitan market as this buyer group began to look outside the CBD. He said around 70% of enquiries for this kind of property with development potential was now coming from offshore groups.
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Glen Iris neighbours secure record residential development site price

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It was almost six months ago that a WA mining town home auction shocked the nation.
The ABC reported on a Port Hedland February auction where the fibro cottage was passed in at auction for $360,000 unsold.
Its highest offer reflecting 2006 price levels.
Immediately after the auction came its declared $600,000 asking price, then $590,000 in March.
It had last traded four years ago for $1.3 million, and before that at $870,000 in 2009 and at $350,000 nine years ago in 2006. 
This month it had yet another asking price reduction - down from $470,000 to<a href="https://www.janfordrealestate.com.au/1928630/" target="_blank"> $435,000</a>. 
The three bedroom, one bathroom 1960s house sits in the heart of the Western Australian mining town. It is within the business and commercial district, opposite developments and not far from the boat ramp, Marapikarrinya Park, and fishing wharf.
<img src="/images/2015/06/17/700_headland.jpg" alt="" style="line-height: 1.3em;">
Real estate agent Barry Walsh at Jan Ford Real Estate told the ABC the top February bid was a sign the mining boom's construction phase had tapered off.
Negotiations continue for the sale of the cottage with 145 square space on its 600 square metre block.
It was initially listed for private treaty sale in June 2013 at $1.42 million.
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Port Hedland asking prices fall further

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Century 21 Armstrong-Smith secured the recent sale of 11/27 Billyard Avenue, Elizabeth Bay at auction. 
The vendors purchased the property for $615,000 three years ago as a shell and completely renovated to make it <a href="https://www.realestateview.com.au/Real-Estate/11-27-billyard-avenue-elizabeth-bay/Property-Details-buy-residential-8947954" target="_blank">a 75 square metre two bedroom plus study apartment</a>. It is in a 1930s block of 11 apartments.
They had over 240 people inspect the property during the campaign with about 20 contracts issued to potential buyers.
Around 12 registered to bid at the auction. 
The bidding opened at $900,000 and the reserve of $980,000 was soon surpassed with a $1.3 million selling price.
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Elizabeth Bay price doubles after renovation

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CoreLogic RP Data's most recent quarterly Pain &amp; Gain report - which provides a comprehensive list of where profits from properties were made over the March 2015 quarter - noted that 30.7% of all homes resold for more than double their previous purchase price.
Across those homes which sold at a profit, the total value of this profit was recorded at $13.8 billion with the average gross profit recorded at $230,633.
Although the proportion of loss-making resales rose, the figure has been fairly steady over the past 12 months with the total value of the loss-making resales over the quarter recorded at $417 million, with an average loss of $69,468. 
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Average $230,633 profit for March quarter sales: CoreLogic RP Data

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The REIV report the median number of days on market increased in June to 36 days from a revised 34 days in the previous month.
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<a href="https://www.reiv.com.au/Property-Research/~/media/Files/Days%20on%20Market/DOM%20June%202015%20image.ashx" target="_blank">Click to enlarge</a>
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Source <a href="https://www.reiv.com.au/Property-Research/Days-on-Market" target="_blank">REIV</a>
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Slower residential private treaty sales as Melbourne endures winter months

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There were 78 suburbs in Melbourne that had a median house price in excess of a million dollars in June quarter 2015. Of these, 38 suburbs had more than 30 sales in the quarter, according to the REIV.
There were 10 new entrants to this list over the quarter: Heidelberg, Bulleen, Ashwood, Donvale, Doncaster East, Abbotsford, Vermont South, Hughesdale, Templestowe Lower and Blackburn North. 
Another seven suburbs - Portsea, Eaglemont, Caulfield, Murrumbeena, Fairfield, Strathmore and Warrandyte - returned to the list in the three months to June 30.
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<table dir="ltr" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td data-sheets-value='[null,2,"Suburb"]'>Suburb</td>
<td data-sheets-value='[null,2,"Jun-15 Median"]'>Jun-15 Median</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"TOORAK"]'>TOORAK</td>
<td data-sheets-value="[null,3,null,3400000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$3,400,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"MIDDLE PARK*"]'>MIDDLE PARK*</td>
<td data-sheets-value="[null,3,null,2840000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$2,840,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CANTERBURY"]'>CANTERBURY</td>
<td data-sheets-value="[null,3,null,2499000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$2,499,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"MALVERN"]'>MALVERN</td>
<td data-sheets-value="[null,3,null,2345000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$2,345,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CAMBERWELL"]'>CAMBERWELL</td>
<td data-sheets-value="[null,3,null,2114000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$2,114,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BALWYN"]'>BALWYN</td>
<td data-sheets-value="[null,3,null,2105888]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$2,105,888</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ARMADALE*"]'>ARMADALE*</td>
<td data-sheets-value="[null,3,null,2053500]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$2,053,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"HAWTHORN EAST"]'>HAWTHORN EAST</td>
<td data-sheets-value="[null,3,null,2040000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$2,040,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BALWYN NORTH"]'>BALWYN NORTH</td>
<td data-sheets-value="[null,3,null,2000000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$2,000,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"HAWTHORN"]'>HAWTHORN</td>
<td data-sheets-value="[null,3,null,1932500]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,932,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CAULFIELD NORTH*"]'>CAULFIELD NORTH*</td>
<td data-sheets-value="[null,3,null,1927500]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,927,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"MONT ALBERT*"]'>MONT ALBERT*</td>
<td data-sheets-value="[null,3,null,1877000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,877,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"PORTSEA*"]'>PORTSEA*</td>
<td data-sheets-value="[null,3,null,1862500]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,862,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"KEW"]'>KEW</td>
<td data-sheets-value="[null,3,null,1860000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,860,000</td>
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<tr>
<td data-sheets-value='[null,2,"BRIGHTON"]'>BRIGHTON</td>
<td data-sheets-value="[null,3,null,1860000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,860,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"GLEN IRIS"]'>GLEN IRIS</td>
<td data-sheets-value="[null,3,null,1842500]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,842,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"SURREY HILLS"]'>SURREY HILLS</td>
<td data-sheets-value="[null,3,null,1800000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,800,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"EAGLEMONT*"]'>EAGLEMONT*</td>
<td data-sheets-value="[null,3,null,1765000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,765,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"KEW EAST*"]'>KEW EAST*</td>
<td data-sheets-value="[null,3,null,1749500]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,749,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ALBERT PARK*"]'>ALBERT PARK*</td>
<td data-sheets-value="[null,3,null,1710000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,710,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"SOUTH YARRA"]'>SOUTH YARRA</td>
<td data-sheets-value="[null,3,null,1662500]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,662,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BRIGHTON EAST"]'>BRIGHTON EAST</td>
<td data-sheets-value="[null,3,null,1600888]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,600,888</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"MALVERN EAST"]'>MALVERN EAST</td>
<td data-sheets-value="[null,3,null,1599000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,599,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"HAMPTON"]'>HAMPTON</td>
<td data-sheets-value="[null,3,null,1580000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,580,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ELWOOD*"]'>ELWOOD*</td>
<td data-sheets-value="[null,3,null,1550000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,550,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CAULFIELD*"]'>CAULFIELD*</td>
<td data-sheets-value="[null,3,null,1536500]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,536,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BOX HILL*"]'>BOX HILL*</td>
<td data-sheets-value="[null,3,null,1535000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,535,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ELSTERNWICK*"]'>ELSTERNWICK*</td>
<td data-sheets-value="[null,3,null,1530000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,530,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"MCKINNON*"]'>MCKINNON*</td>
<td data-sheets-value="[null,3,null,1529000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,529,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"IVANHOE EAST*"]'>IVANHOE EAST*</td>
<td data-sheets-value="[null,3,null,1525000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,525,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ASHBURTON*"]'>ASHBURTON*</td>
<td data-sheets-value="[null,3,null,1525000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,525,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"MONT ALBERT NORTH*"]'>MONT ALBERT NORTH*</td>
<td data-sheets-value="[null,3,null,1470000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,470,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"PORT MELBOURNE"]'>PORT MELBOURNE</td>
<td data-sheets-value="[null,3,null,1445000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,445,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BEAUMARIS"]'>BEAUMARIS</td>
<td data-sheets-value="[null,3,null,1440000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,440,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"SANDRINGHAM*"]'>SANDRINGHAM*</td>
<td data-sheets-value="[null,3,null,1430000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,430,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BLACK ROCK*"]'>BLACK ROCK*</td>
<td data-sheets-value="[null,3,null,1387500]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,387,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"MOUNT WAVERLEY"]'>MOUNT WAVERLEY</td>
<td data-sheets-value="[null,3,null,1331500]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,331,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"PARK ORCHARDS*"]'>PARK ORCHARDS*</td>
<td data-sheets-value="[null,3,null,1331300]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,331,300</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"TEMPLESTOWE"]'>TEMPLESTOWE</td>
<td data-sheets-value="[null,3,null,1300000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,300,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ABERFELDIE*"]'>ABERFELDIE*</td>
<td data-sheets-value="[null,3,null,1300000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,300,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"FITZROY*"]'>FITZROY*</td>
<td data-sheets-value="[null,3,null,1295000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,295,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"FITZROY NORTH"]'>FITZROY NORTH</td>
<td data-sheets-value="[null,3,null,1282000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,282,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BURWOOD"]'>BURWOOD</td>
<td data-sheets-value="[null,3,null,1271000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,271,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CAULFIELD SOUTH"]'>CAULFIELD SOUTH</td>
<td data-sheets-value="[null,3,null,1264000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,264,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"GLEN WAVERLEY"]'>GLEN WAVERLEY</td>
<td data-sheets-value="[null,3,null,1260000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,260,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ORMOND*"]'>ORMOND*</td>
<td data-sheets-value="[null,3,null,1258500]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,258,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ESSENDON"]'>ESSENDON</td>
<td data-sheets-value="[null,3,null,1250000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,250,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BENTLEIGH"]'>BENTLEIGH</td>
<td data-sheets-value="[null,3,null,1250000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,250,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"SOUTH MELBOURNE*"]'>SOUTH MELBOURNE*</td>
<td data-sheets-value="[null,3,null,1250000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,250,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ST KILDA*"]'>ST KILDA*</td>
<td data-sheets-value="[null,3,null,1245000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,245,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CARNEGIE*"]'>CARNEGIE*</td>
<td data-sheets-value="[null,3,null,1230000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,230,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"MURRUMBEENA*"]'>MURRUMBEENA*</td>
<td data-sheets-value="[null,3,null,1221500]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,221,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"PRAHRAN"]'>PRAHRAN</td>
<td data-sheets-value="[null,3,null,1216000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,216,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BLACKBURN"]'>BLACKBURN</td>
<td data-sheets-value="[null,3,null,1215000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,215,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CARLTON*"]'>CARLTON*</td>
<td data-sheets-value="[null,3,null,1208500]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,208,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ST KILDA EAST*"]'>ST KILDA EAST*</td>
<td data-sheets-value="[null,3,null,1208000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,208,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"DONCASTER"]'>DONCASTER</td>
<td data-sheets-value="[null,3,null,1185000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,185,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"IVANHOE*"]'>IVANHOE*</td>
<td data-sheets-value="[null,3,null,1175000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,175,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"HEIDELBERG*"]'>HEIDELBERG*</td>
<td data-sheets-value="[null,3,null,1168000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,168,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BULLEEN"]'>BULLEEN</td>
<td data-sheets-value="[null,3,null,1168000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,168,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BOX HILL SOUTH*"]'>BOX HILL SOUTH*</td>
<td data-sheets-value="[null,3,null,1164750]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,164,750</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"RICHMOND"]'>RICHMOND</td>
<td data-sheets-value="[null,3,null,1162500]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,162,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CARLTON NORTH*"]'>CARLTON NORTH*</td>
<td data-sheets-value="[null,3,null,1160000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,160,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ASHWOOD*"]'>ASHWOOD*</td>
<td data-sheets-value="[null,3,null,1157500]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,157,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"FAIRFIELD*"]'>FAIRFIELD*</td>
<td data-sheets-value="[null,3,null,1147000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,147,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"DONVALE"]'>DONVALE</td>
<td data-sheets-value="[null,3,null,1140000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,140,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BOX HILL NORTH"]'>BOX HILL NORTH</td>
<td data-sheets-value="[null,3,null,1137500]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,137,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"DONCASTER EAST"]'>DONCASTER EAST</td>
<td data-sheets-value="[null,3,null,1101888]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,101,888</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"WARRANDYTE*"]'>WARRANDYTE*</td>
<td data-sheets-value="[null,3,null,1100000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,100,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"WILLIAMSTOWN"]'>WILLIAMSTOWN</td>
<td data-sheets-value="[null,3,null,1076500]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,076,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"STRATHMORE*"]'>STRATHMORE*</td>
<td data-sheets-value="[null,3,null,1074000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,074,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CLIFTON HILL*"]'>CLIFTON HILL*</td>
<td data-sheets-value="[null,3,null,1055000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,055,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ABBOTSFORD*"]'>ABBOTSFORD*</td>
<td data-sheets-value="[null,3,null,1043000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,043,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"MOONEE PONDS"]'>MOONEE PONDS</td>
<td data-sheets-value="[null,3,null,1030000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,030,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"VERMONT SOUTH"]'>VERMONT SOUTH</td>
<td data-sheets-value="[null,3,null,1015000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,015,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"HUGHESDALE*"]'>HUGHESDALE*</td>
<td data-sheets-value="[null,3,null,1001000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,001,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"TEMPLESTOWE LOWER"]'>TEMPLESTOWE LOWER</td>
<td data-sheets-value="[null,3,null,1000500]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,000,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BLACKBURN NORTH*"]'>BLACKBURN NORTH*</td>
<td data-sheets-value="[null,3,null,1000000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$1,000,000</td>
</tr>
</tbody></table>
 Source <a href="https://www.reiv.com.au/Property-Research/Median-Prices/Million-dollar-suburbs" target="_blank">REIV</a>
 
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