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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June property market offerings took longer to sell across Australia, but there was a marked trend to less discounting being required by vendors.
The latest APM chart showed only Sydney and Adelaide wen against the trend of lower discount required for the private treaty markets in the survey.
Brisbane's property cycle recovery gains momentum, but fell back on the key indicator of days on market, according to the latest APM heat chart.
The required discount for private treaty vendors was down to 5.7% from recent 6.3% peaks.
The Gold Coast market improvement was similiarly inconsistent. 
At 49 days, Sydney remained the unchallenged engine room of the Australian property market for speed, but Canberra and Melbourne vendors were selling at less required discount. 
<a href="/images/2015/07/06/APM.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/07/06/APM.jpg" alt="" width="829" height="685">
 
 
</body></html>

jchancellor-FAypfDUnLy

Longer to sell, but less discount required to secure sale in June: APM

<html><body>
The former cricket champion Steve Waugh and his wife Lynette paid $56,000 for their 1515 sq m Alfords Point building block in 1986, two years after the start of his first-class cricket career.
The right-handed batsman, and a medium-pace bowler married Lynette in 1990.
This weekend the Federation-style home fetched a record $1.9 million, close to double CoreLogic RP Data's median house price in Alfords Point of $1 million.
It sold <a href="https://www.realestateview.com.au/Real-Estate/65-coachwood-crescent-alfords-point/Property-Details-buy-residential-8998212" target="_blank">through Matt Debreczeni at Ray White Menai</a>. The Sutherland Shire suburb went past $1 million in 2000, with its record sitting at <a href="https://www.realestateview.com.au/Real-Estate/43-lomandra-place-alfords-point/Property-Details-sold-residential-8443392" target="_blank">$1,685,000 since earlier this year,</a> some four years after a nearby $1,611,000 sale.
<img src="https://i1.au.reastatic.net/456x342/bd7c144a6bf600fe4b428bfd05df9d78787494a97079ae79b1fb400ca66dc665/main.jpg" alt="65 Coachwood Crescent, Alfords Point" title="65 Coachwood Crescent, Alfords Point" data-index="0">
CoreLogic RP Data pus its median house price a <a href="/news">just over $1 million for the first time.</a>
Bordering Mill Creek Reserve, the grand Alfords Point home has a resort style pool area.
They are off to a beachfront property in Cronulla which cost $4.275 million in 2013. It had been listed with $4.8 million hopes.
The former test captain bought it from the Ibbotson family who bought it from the Crompton family for $925,000 in 1994.
No one watching at the ground or on television <a href="https://www.thatscricket.com/australia/players/sr-waugh" target="_blank">will ever forget his last game</a> on the SCG.  
 
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Steve Waugh sells Alfords Point

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Gavin Hegney, of Hegney Property Group says Perth was suffering a classic case of confidence being below fundamentals.
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"I think there's less risk of buying into Perth today than buying into the Sydney market," he told The Australian Financial Review.
"If you are buying in Sydney, you are buying into an emotive boom.
"In Perth, it's a classic case of confidence being below fundamentals."
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<div>With the median house price in Perth at $545,000, he sees the downside risk as limited.</div>
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<div>"I'd suggest that whatever fall that's going to happen in Perth in the next 12 months, the fall will be larger in Sydney," he forecast.</div>
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"At some stage in the next 12 months it will be the perfect buying market in Perth."
There are just under 14,000 houses, units and land for sale in metropolitan Perth, says reiwa.com, compared with 10,700 one year ago.
In May Gavin Hegney, of Perth-based valuers Hegney Property Group, said supply of property had surpassed demand - and home prices would likely drop in the coming year.
"People are using low interest rates to get ahead in their mortgage rather than upgrade," he said. "We'll give up 1 or 2 per cent this year."
Listed property valuation firm Landmark White recently acquired a 10 per cent stake in LMW Hegney, its joint venture partner in Western Australia, South Australia and the Northern Territory, for $550,000.
{mijopolls 119}
 
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Perth will be the perfect buying market: Gavin Hegney

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The REIV reported the top weekend auction locations were Reservoir and Yarraville with nine auctions in each, followed by Dandenong North with eight auctions.
The 2015 auction capital is Reservoir - for the second successive year, the REIV chief Enzo Raimondo noted adding Victoria's housing market secured the highest number of auction sales over any six-month period in Melbourne’s history – in the six months to 30 June.
Some <a href="/news">seven of the nine Reservoir weekend auctions</a> resulted in sale ranging between a $380,000 unit and<a href="https://www.realestate.com.au/property-house-vic-reservoir-119956609" target="_blank" style="line-height: 1.3em;"> </a>(pictured above) a $1 million 1920s house. 
<a href="/images/2015/07/06/reiv.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/07/06/reiv.jpg" alt="" width="1333" height="542">
A total of just over 13,000 homes were sold at auction over the past six months, compared to about 12,400 over the same period last year.
The biggest growth in sales was driven by outer Melbourne, with these suburbs seeing a 20% year-on-year increase – to 2,263 auction sales this year (compared to 1,879 in the first half 2014).
Enzo Raimondo said Melbourne’s reputation continued to grow as the auction capital of Australia, with traditionally private-sale suburbs now turning to auctions as buyer numbers trend upwards.
“The growth in auction sales in outer Melbourne has helped push the city’s clearance rate to a high 80%, compared to 73% this time last year,” he said.
Mr Raimondo said the large increase in auction sales in outer Melbourne reflects several factors, including a growing interest from owner occupiers in areas which are still affordable and within commuting distance of the CBD, and a growing number of investors securing homes in these areas.
One suburb, Wantirna South, has seen a 100% increase in auctions this year - from 36 for the first six months last year to 72 this year;
The middle suburbs had the highest proportion of auction sales in Melbourne, where 82% of properties going into auction were sold.
In other results, three eastern Melbourne suburbs recorded the next highest year-on-year increase in the number of auctions - Mount Waverley, Glen Waverley and Bayswater. 
Others in the top 10, which covered all of Victoria, were Rosebud and Shepparton.
“Melbourne’s east has seen some of the strongest growth in buyer activity and in median prices in Melbourne this year, leading to many more auctions in this region,” Mr Raimondo said.
The inner Melbourne suburb with most auctions this year is Richmond – where 230 homes have gone to auction, with 186 selling.
A clearance rate of 78% was recorded throughout June 2015, compared to 72% the same time last year.
"This is the highest clearance rate for the month since 2009," the REIV chief advised.
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Private treaty suburbs now enhancing Melbourne's auction crown: REIV Enzo Raimondo

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An auction clearance rate of 76 per cent was recorded this weekend with 479 Melbourne auctions reported to the REIV.
It was down on the 79 per cent success rate recorded on the last weekend in June, and less than the 77 per cent the weekend before.
It was 73 per cent this weekend last year.
There were 864 auctions reported to the REIV last weekend.
The REIV was expecting about 600 auctions in 218 suburbs on the July 4 weekend.
The top auction locations on the weekend were Reservoir and Yarraville with nine auctions in each, followed by Dandenong North with eight auctions.
<img src="https://i3.au.reastatic.net/800x600/505317257e35a7311bbf0888ea063992a1ac9afac3517b5ad97f59f652a5fa65/main.jpg" alt="675 Moorooduc Highway, Moorooduc" title="675 Moorooduc Highway, Moorooduc" data-index="0">
With many suburbs heading into winter hibernation, the top sale (above) was a <a href="https://www.realestateview.com.au/Real-Estate/675-moorooduc-highway-moorooduc/Property-Details-buy-residential-8918176" target="_blank">hobby farm at Moorooduc</a> on the Mornington Peninsula. It was a single level 40 square home on the 28 hectares offered through McEwing Partners.
TOP 5 HOUSES
1. 675 Moorooduc Highway, Moorooduc $3,352,000 2. 17 Elmhurst Road, Blackburn $3,010,000 3. 10 Landen Avenue, Balwyn North $2,688,888 4. 9 Malua Street, Ormond $2,618,500 5. 42 Bell Street, Fitzroy $2,385,000
TOP 5 BARGAIN HOUSES
1. 10 Plantation Avenue, Frankston North $270,000 2. 4/41 Leonard Avenue, Noble Park $281,000 3. 2 Benalla Street, Dallas $317,000 4. 32 Warringa Crescent, Hoppers Crossing $350,000 5. 25 Billingham Road, Deer Park $363,500
 TOP 5 APARTMENTS
1. 302/2 Pier Street, Port Melbourne $2,525,000 2. 3/15 Parring Road, Balwyn $1,410,000 3. 9B Hillside Avenue, Bentleigh $1,320,000 4. 14 Davies Street, Port Melbourne $1,250,000 5. 19A Clements Street, Bentleigh East $1,200,000
TOP 5 BARGAIN APARTMENTS
1. 1/62 Victoria Street, Hastings $281,000 2. 6/55 Wellington Street, Flemington $320,000 3. 6/47 Rathcown Road, Reservoir $343,000 4. 1/29 Gladstone Parade, Glenroy $350,000 5. 19/48 Passfield Street, Brunswick West $350,000
<a href="https://www.reiv.com.au/Property-Research" target="_blank">Source REIV</a>
A clearance rate of 78 per cent was recorded throughout June 2015, compared to 72 per cent last June.
"This is the highest clearance rate for the month since 2009," REIV chief Enzo Raimondo advised.
There were around 2,300 auction sales in June 2015 compared to 2,100 over the same period last year. 
The suburbs with the highest number of auction sales for the month were Balwyn North (39 sales), Reservoir (38 sales) and Glen Waverley (37 sales).
Balwyn Norh maintained its regular appearance in the REIV top five sale with 10 Landen Avenue, Balwyn North fetching $2,688,888 in is recently notified sale result.
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Moorooduc's time to shine as Melbourne weekend auction success rate slips to 76%: REIV

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A former Newtown, Sydney church which hit the market with $2.25 million plus hopes sold at auction today for $2.55 million.
Tibetan Buddhist meditation monks were the buyers with plans for a temple.
Sydney's overall auction result sat at 83.3%, compared to the adjusted 80.2% last week and 69% on the same Saturday last year, according to APM. 
The 158 Australia Street offering sold at auction with five registered bidders through BresicWhitney Glebe agent Chris Nunn <a href="/expert-insights/investing/empty-newtown-warehouse-church-for-july-auction">who suggested it was also suitable for a single residential conversion or a multi-unit development or subdivision</a>. 
It comes with direct access to one of inner Sydney's popular parklands, the Camperdown Memorial Rest Park from its 256sqm residential zoned holding.
Behind its striking brick facade, it retains original industrial warehouse elements.
It was the former church of the Four Square Gospel. The property was listed by investor Theo Onisforou who paid $1.9 million, plus gst, in February this year. 
Last month investment banker Alastair Walton bought a Leichhardt warehouse paying $1.55 million for the former sign warehouse property, at 26 Mackenzie Street.
BresicWhitney recently sold another warehouse – with a heart-shaped swimming pool – in Davies Street, Surry Hills for $7.55 million, a suburb record. 
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Sydney's 83.3% auction clearance rate as Tibetan monks buy former Four Square Gospel church in Newtown 

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Capital gains made through detached housing investments is trumping growth made through units with house values 10.4% higher across all capital cities compared to units at 5.6% over the financial year.
According to CoreLogic RP Data's June RP Data Hedonic Home Value Index found only property in Darwin and Hobart bucked the trend.
Melbourne house values had an 11.2% capital gain over the financial year, with apartments only 2.4%.
CoreLogic RP Data’s head of research, Tim Lawless, said the underperformance of units compared with houses is likely due to higher supply levels for units compared with detached houses.
“The Inner Melbourne unit market exemplifies the weakness in this sector where the latest CoreLogic RP Data ‘Pain and Gain’ report revealed that almost one quarter of all apartments across the Inner Melbourne region resold over the March quarter at a price that was lower than the purchase price," Mr Lawless said. 
"Interest rates cuts in February and May have contributed in pushing capital gains higher."
 
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<a href="/images/2015/07/02/rolling_change.jpg" target="_blank">Click to enlarge</a>
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mick.cee-iDmgDDAmu8

Housing capital gains trump units: CoreLogic RP Data

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Melbourne affordability issues have been good news for some regional centres within commuting distance of Melbourne, according to the Real Estate Institute of Victoria.
"As the price of property in suburbs close to town has risen, buyers have looked further out," Enzo Raimondo, the REIV chief says.
"In towns such as Castlemaine and Kyneton prices have increased as families, priced out of Melbourne, have bought into the area.
"And generally the properties which have increased the most are those close to the station, although other factors such as character features and the quality of the home also have a bearing."
"While some people are lucky enough to buy and sell in a relatively short period and make money, REIV data shows that there are excellent capital gains to be made for those willing to hold a house in the longer term.
"For example, in 2008 the median price of a three-bedroom home in inner Melbourne was $740,000. 
"By December last year it was $990,000. In outer Melbourne the median of $320,000 was $432,000 by December last year. 
"And in regional Victoria the increase was from $240,000 for a three-bedroom home to $302,500."
 
 
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Regional Victoria price growth from commuter buyers

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The strength of most capital city auction markets tracked marginally down over June 2015, according to the Domain Australian Home Auction Report for June 2015. 
The report, compiled by property website <a href="https://mail.privatemedia.com.au/owa/14.3.224.2/scripts/premium/redir.aspx?SURL=mZnFDtHeNC7xNr3NmEw_ju-p-6a1En_LGsXjtjltDcL_7phTxoDSCGgAdAB0AHAAOgAvAC8AdwB3AHcALgBkAG8AbQBhAGkAbgAuAGMAbwBtAC4AYQB1AA..&amp;URL=http%3a%2f%2fwww.domain.com.au" target="_blank">Domain.com.au</a> with analysis from Domain senior economist, Dr Andrew Wilson noted it had been a mixed month for the auction market overall.
"We are definitely starting to see the first signs of the typical winter cooling period as sellers are starting to think about the Spring property season. 
"That said, markets are still well ahead year-on-year and we are starting to see the underlying strength across the board,” Wilson said.  Sydney Sydney’s June clearance rate, while still strong at 82.9%, dropped slightly from 83.3% in May. This is still well ahead of the 70% clearance rate recorded in June 2014.  Domain’s Dr Andrew Wilson said that the declining weekend auction trend in Sydney in June, can can be attributed in part to the usual mid-year seasonal effects.  “Unrealistic expectations by vendors of market prices in the extraordinary Sydney market may be a factor in declining clearance rates. Unseasonably high auction numbers are set to continue into July, providing buyers with a wider choice of property, however.” 
<ul dir="ltr">
<li>Average number of Saturday auctions in Sydney in June was 599, down from 706 average in May, but well ahead of 528 averaged in June last year</li>
<li>Slight weakening in the clearance rate translated into a fall of 2.9% in the median auction price for homes sold under the hammer over June</li>
<li>June median auction price of $1,105,000 was down from the all-time record of $1,137,500 recorded in May </li>
<li>June median house price, although a slight decrease from May, was still an increase of 22.8% on the $900,000 median home auction price recorded in June 2014</li>
</ul>
 Melbourne Unlike the Sydney auction market, clearance rates for the Melbourne market increased over June compared to the previous month. Melbourne reported a clearance rate of 79.2% for June, just ahead of the 78% recorded over May and up more than 10% (68.8) from June last year.  Melbourne’s June clearance rate was the highest recorded for any month since April 2010 and the highest June result since 2007. According to Domain’s Dr Andrew Wilson, similar to Sydney, Melbourne clearance rates trended downwards over June as the mid-winter moderating effect took hold.  “The data was indicative of the slow down into July, when listing numbers are expected to in line with what is typically the trough of the market for monthly auction activity each year with the exception of January”.
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<li>Melbourne averaged 685 auction listings for each Saturday over June and although well down on the 928 averaged in May, remained ahead of the 634 reported over June last year </li>
<li>The Melbourne median price of homes auctioned over June fell by 4.9% over the month from $820,000 in May to $780,000. This however remained 10.6% higher than the $705,000 median recorded in June 2014</li>
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Brisbane The Brisbane auction market also experienced a slight increase in clearance rates in June. The clearance rate of 50% was just ahead of the 48.6% recorded in May, but significantly higher than in June 2014 (36.4). 
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<li>Brisbane averaged 92 auctions per Saturday over June, down from the 118 average over May but well ahead of the 79 averaged over June last year</li>
<li>Domain reported a median Brisbane home price sold at auction of $685,000 over June, an increase of 0.5% over May’s $681,500 and 5.2% higher than the $651,000 recorded over June last year</li>
<li>The Brisbane June clearance rate was its highest recorded for June since 2003</li>
</ul>
Canberra Canberra recorded another solid auction clearance rate in June at 63.2%. Although down marginally from the 64.2% recorded in May, it was nonetheless well ahead of the 55.4% recorded last June. 
<ul dir="ltr">
<li>Canberra averaged 35 listings per Saturday in June, down from the 48 averaged over May but well ahead of the 23 averaged over June 2014</li>
<li>Domain reported the Canberra median home auction price recorded in June was $650,000, a fall of 2.6% over the May result of $667,500 but an increase of 2.4 percent over the same month last year</li>
<li>Canberra’s June clearance rate was the highest recorded by that city for that month since 2009</li>
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Adelaide Domain reported that the Adelaide auction market fell away over June to a clearance rate of 61.2%, down from the 64.6% recorded over May. While there has been a significant drop month-on-month, the results are still ahead of the 57.5% result for June 2014. 
<ul dir="ltr">
<li>The Domain data shows that Adelaide averaged 53 auction listings per Saturday over June, down from the 67 average over May, ahead of the 49 averaged over June a year ago</li>
<li>The median auction price for a home in Adelaide over June was $560,000, a fall of 1.1% over the May result of $566,500 but 6.2% higher than the $527,500 recorded over June last year</li>
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June auctions reflect early winter buyer hibernation

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The list of the 10 top residential sales across Australia compiled by CoreLogic RP Data over the past week features half from Melbourne, with two from Kew.
<a href="https://www.realestate.com.au/property-house-qld-sunnybank+hills-119891353" target="_blank">But a Queensland sale</a> tops the list. It was an an unusually striking long lowest home that was sold as a development site.
The deceased estate listing was a 10,472 sqm holding in this popular south side suburb. 
 
1. 81 Pinelands Road, Sunnybank Hills, QLD, 4109, four-bedroom house, sold on June 24 by L J Hooker Sunnybank Hills for $5.8 million
2. 126 Sackville Street, Kew, VIC, 3101, six-bedroom house, sold at auction on June 27 by Rt Edgar Boroondara for $5.56 million
3. 20 Studley Avenue, Kew, VIC, 3101, five-bedroom house, sold on June 27 by Ray White Glen Waverley for $4.58 million
4. 9 Smythe Avenue, Mont Albert, VIC, 3127, five-bedroom house, sold on June 23 by Jellis Craig Real Estate Hawthorn for $4.3 million
5. 21 Iluka Road, Mosman, NSW, 2088, four-bedroom house, sold prior to auction on June 27 by Century 21 Mosman for $4.07 million
6. 5/37 Hastings Street, Noosa Heads, QLD, 4567, three-bedroom unit, sold on June 23 by Richardson &amp; Wrench Noosa Heads for $3.9 million
7. 6 Tryon Street, Chatswood, NSW, 2067, five-bedroom house, sold at auction on June 27 by Shead Property Chatswood for $3.87 million
8. 92 Carrington Road, Wahroonga, NSW, 2076, six-bedroom house, sold at auction on June 27 by Ray White Gordon/St Ives for $3.675 million
9. 2 Terama Court, Glen Waverley, VIC, 3150, five-bedroom house, sold at auction on June 27 by Jrw Property International Glen Waverley for $3.625 million
10. 1A Monomeath Avenue, Canterbury, VIC, 3126, four-bedroom house, sold at auction on June 27 by RT Edgar Boroondara for $3.5 million
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