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>

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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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Melbourne notched up a clearance rate of 79% compared to 77% last weekend and 73% this weekend last year.
There were 763 auctions reported to the REIV on the weekend.
Auction sales have continued to track higher with around 14,000 sales so far this year, the highest on record, Enzo Raimondo the REIV chief said.
"The outer Melbourne region experienced the strongest auction sales growth in the year date, up 20 per cent from the same time last year," Enzo Raimondo advised.
The top sale was a Malvern development site after eight bidders gathered in the backyard of the five-bedroom early-1900's Edwardian home on Friday afternoon.
It sold at $4.78 million after being advertised as "an exceptional opportunity to potentially develop as a luxury apartment complex." 
It had high ceilings, Baltic pine floors and stained glass windows. The 1,045 sqm site was near Spring Road.
 
TOP 5 HOUSES 
1. 1269 High Street, Malvern $4,780,000 (pictured above) 2. 20 Studley Avenue, Kew $4,580,000 3. 27 &amp; 29 Clyde Street, Box Hill North $3,565,000 4. 1A Monomeath Avenue, Canterbury $3,500,000
Malvern listings have been attracting very active attention on the realestateview.com.au website in the latter stages of autumn and early winter.
Analysis showed the top two most clicked sold listings on the website were in the inner eastern precinct, of varied price.
The list (below) coincided with a marketing campaign (below) by the website to promote its listing successes.
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<div class="full-adv"><a href="https://www.realestateview.com.au/sell-my-home?utm_source=REIV&amp;utm_medium=banner&amp;utm_content=skyscraper&amp;utm_campaign=lets-go-fishing"><img src="https://www.reiv.com.au/~/media/advertisements/gone-fishing_skyscraper_160x600.ashx"></a></div>
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1) <a href="https://www.realestateview.com.au/Real-Estate/29-hughes-street-malvern-east/Property-Details-sold-residential-8700900" target="_blank">29 Hughes Street, MALVERN EAST, VIC, 3145</a> Sold for $2,310,000 (pictured above)
A classic Californian-style four bedroom family home that blends the best of indoor and outdoor living. Complete with Blackbutt floorboards, wine cellar and large well-equipped kitchen, this trophy home features a full tiled solar heated pool as centrepiece.
2) <a href="https://www.realestateview.com.au/Real-Estate/the-avenue-malvern-east/Property-Details-sold-residential-8611342" target="_blank">The Avenue , MALVERN EAST, VIC, 3145</a>, Sold for $825,000
Classic charm abounds in this renovated Art Deco home with raised ceilings, contemporary exposed joinery and immaculate finishings. Close to all amenities including schools, trams, cafes and parkland. 
3) <a href="https://www.realestateview.com.au/Real-Estate/51-1-wellington-crescent-east-melbourne/Property-Details-sold-residential-8687258" target="_blank">51/1 Wellington Crescent, EAST MELBOURNE, VIC, 3002</a>, Price undisclosed
This two level penthouse is located in the Wellington Gardens complex and includes a third level entry, vast living areas and a leafy outlook. The complex itself features recreation and health facilities and secure entry.
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jchancellor-FAypfDUnLy

Successful Malvern auction listings catching the most clicks

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Brisbane is the only capital city tipped to buck the national trend of easing median house prices in real terms over the next three years, according to housing forecasters, BIS Shrapnel.
But its housing market outlook has warned of a looming oversupply of inner city Brisbane apartments.
The BIS Shrapnel Residential Property Prospects 2015 to 2018 puts Brisbane's estimated median house price in this year at $520,000, which researcher Angie Zigomanis said that was still below Brisbane's June 2010 peak in real terms. Coupled with low interest rates, Brisbane's affordability was at levels seen in the early 2000s.
A total rise of 13 per cent in the Brisbane median house price is forecast over the three years to 2018, while the median unit price is forecast to rise by a total six per cent. Its new dwelling supply overall, without any significant rebound expected in population inflows, was set to move the Brisbane apartment sector nto oversupply, "with some impact across the broader market."
But significantly, Brisbane is tipped to be the only capital city that will not experience a decline in median house prices in real terms in the next three years.
Nationally low interest rates will support further price growth in undersupplied residential markets in 2015/16, but the spectre of tightening interest rates and deterioration of affordability will create conditions for price declines in a number of cities from 2017, according to the forecaster.
"But doomsday predictions for the residential market are likely to be overblown.
"Although Australia’s residential property markets are forecast to steadily weaken from 2016/17, as a combination of rising supply and the prospect of a tightening in interest rate policy impacts on prices, any downturn will be similar in magnitude to that seen over 2011-2012."
According to the company’s Residential Property Prospects, 2015 to 2018 report, Sydney and (to a lesser extent) Melbourne have broken away from the other capital cities, with both estimated to have recorded double-digit percentage rises in their median house prices in 2014/15.
Solid population growth, reasonably positive economic conditions and an underlying dwelling deficiency have underpinned this rise, and affordability is increasingly becoming a concern. In contrast, weaker recent price growth in the other capital cities means that affordability is not as strained, and it is subdued local economic conditions and/or an underlying excess dwelling stock that have impacted the market.
Angie Zigomanis, said that although low interest rates will continue to support prices, it was the demand and supply balance across the states that will play a part in the rate of price growth in the coming years.
"Moreover, the boom in apartment construction over the past couple of years is creating a disconnect in the supply balance between detached houses and units, with a resulting difference in their price outlook."
“Most capital cities are building apartments at record rates, driven by investor demand,” said Zigomanis. “As these projects are progressively completed, strong tenant demand will be required to support rents and consequently values upon completion.
“However, we are seeing population growth nationally begin to slow. Net overseas migration has fallen from a recent peak of 235,700 persons in 2012/13, to an estimated 184,000 persons in calendar 2014.
"With the majority of net overseas migration classified as ‘long term overseas visitors’, that is, temporary but not permanent arrivals, this reduction will impact most on the rental sector. Moreover, this slowdown in net overseas migration is most evident in the mining boom states of Western Australia, Queensland and Northern Territory.”
He noted the detached house market is less reliant on tenant demand and more exposed to owner occupiers. Together with the stimulatory effect of variable interest rates at more than 40-year lows, this is expected to support median house prices in most capital cities over 2015/16.
The strongest conditions over 2015/16 are forecast for New South Wales, Queensland and Victoria, where BIS Shrapnel estimates the markets are in overall deficiency at June 2015. 
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<div><a href="/images/2015/06/29/bis_brisbane.jpg" target="_blank">Click to enlarge</a></div>
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<img src="/images/2015/06/29/bis_brisbane.jpg" alt="" width="798" height="293">
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Brisbane house prices to buck national easing trend: BIS Shrapnel 2018

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The price growth of regional Victoria remains lethargic when compared to metropolitan Melbourne over the past decade, according to the latest REIV data.
<a href="https://www.reiv.com.au/Property-Research/Median-Prices/~/media/Files/Median%20Prices/2015%20Q1%20Mar/Chart_Mar15medians_Regional.ashx"><img src="https://www.reiv.com.au/Property-Research/Median-Prices/~/media/Files/Median%20Prices/2015%20Q1%20Mar/Chart_Mar15medians_Regional.ashx?h=413&amp;w=700&amp;as=1" alt="" width="700" height="413"></a><a href="https://www.reiv.com.au/Property-Research/Median-Prices/~/media/Files/Median%20Prices/2014%20Q4%20Dec/Chart_Dec14medians_Regional.ashx"></a><a href="https://www.reiv.com.au/Property-Research/Median-Prices/~/media/Files/Median%20Prices/2014%20Q3%20Sep/Chart_Sep14medians_Regional_EMiNcV6J.ashx"></a>
The graph shows median house and unit prices in regional Victoria over the past decade in seasonally adjusted terms.
 
 
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Regional Victorian growth graph highlights gap with Melbourne: REIV

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The REIV has released tables with a summary of Melbourne and Victorian median house prices and rents for the 12 months ending March 2015.
Yields for two bedroom houses.
<table class="t1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td class="td1" valign="bottom">
Region
</td>
<td class="td1" valign="bottom">
Gross Rental Yield
</td>
<td class="td2" valign="bottom">
 Median Rent
</td>
<td class="td3" valign="bottom">
 Median Price
</td>
</tr>
<tr>
<td class="td4" valign="bottom">
Inner
</td>
<td class="td4" valign="bottom">
3.2%
</td>
<td class="td5" valign="bottom">
$490
</td>
<td class="td6" valign="bottom">
$804,000
</td>
</tr>
<tr>
<td class="td1" valign="bottom">
Middle
</td>
<td class="td1" valign="bottom">
2.9%
</td>
<td class="td2" valign="bottom">
$345
</td>
<td class="td3" valign="bottom">
$627,500
</td>
</tr>
<tr>
<td class="td4" valign="bottom">
Outer
</td>
<td class="td4" valign="bottom">
3.9%
</td>
<td class="td5" valign="bottom">
$300
</td>
<td class="td6" valign="bottom">
$400,000
</td>
</tr>
<tr>
<td class="td1" valign="bottom">
Metro
</td>
<td class="td1" valign="bottom">
3.0%
</td>
<td class="td2" valign="bottom">
$410
</td>
<td class="td3" valign="bottom">
$700,550
</td>
</tr>
<tr>
<td class="td4" valign="bottom">
Regional
</td>
<td class="td4" valign="bottom">
5.3%
</td>
<td class="td5" valign="bottom">
$250
</td>
<td class="td6" valign="bottom">
$245,500
</td>
</tr>
</tbody></table>
Yields for three bedroom houses
<table class="t1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td class="td1" valign="bottom">
Region
</td>
<td class="td1" valign="bottom">
Gross Rental Yield
</td>
<td class="td2" valign="bottom">
 Median Rent
</td>
<td class="td3" valign="bottom">
 Median Price
</td>
</tr>
<tr>
<td class="td4" valign="bottom">
Inner
</td>
<td class="td4" valign="bottom">
3.0%
</td>
<td class="td5" valign="bottom">
$580
</td>
<td class="td6" valign="bottom">
$1,005,000
</td>
</tr>
<tr>
<td class="td1" valign="bottom">
Middle
</td>
<td class="td1" valign="bottom">
3.1%
</td>
<td class="td2" valign="bottom">
$380
</td>
<td class="td3" valign="bottom">
$645,000
</td>
</tr>
<tr>
<td class="td4" valign="bottom">
Outer
</td>
<td class="td4" valign="bottom">
4.1%
</td>
<td class="td5" valign="bottom">
$341
</td>
<td class="td6" valign="bottom">
$435,000
</td>
</tr>
<tr>
<td class="td1" valign="bottom">
Metro
</td>
<td class="td1" valign="bottom">
4.9%
</td>
<td class="td2" valign="bottom">
$290
</td>
<td class="td3" valign="bottom">
$310,000
</td>
</tr>
<tr>
<td class="td4" valign="bottom">
Regional
</td>
<td class="td4" valign="bottom">
3.4%
</td>
<td class="td5" valign="bottom">
$380
</td>
<td class="td6" valign="bottom">
$580,000
</td>
</tr>
</tbody></table>
Yields for four bedroom houses 
<table class="t1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td class="td1" valign="bottom">
Region
</td>
<td class="td1" valign="bottom">
Gross Rental Yield
</td>
<td class="td2" valign="bottom">
 Median Rent
</td>
<td class="td3" valign="bottom">
 Median Price
</td>
</tr>
<tr>
<td class="td4" valign="bottom">
Inner
</td>
<td class="td4" valign="bottom">
2.6%
</td>
<td class="td5" valign="bottom">
$770
</td>
<td class="td6" valign="bottom">
$1,535,000
</td>
</tr>
<tr>
<td class="td1" valign="bottom">
Middle
</td>
<td class="td1" valign="bottom">
2.9%
</td>
<td class="td2" valign="bottom">
$495
</td>
<td class="td3" valign="bottom">
$886,500
</td>
</tr>
<tr>
<td class="td4" valign="bottom">
Outer
</td>
<td class="td4" valign="bottom">
3.7%
</td>
<td class="td5" valign="bottom">
$395
</td>
<td class="td6" valign="bottom">
$560,000
</td>
</tr>
<tr>
<td class="td1" valign="bottom">
Metro
</td>
<td class="td1" valign="bottom">
3.2%
</td>
<td class="td2" valign="bottom">
$440
</td>
<td class="td3" valign="bottom">
$726,000
</td>
</tr>
<tr>
<td class="td4" valign="bottom">
Regional
</td>
<td class="td4" valign="bottom">
4.3%
</td>
<td class="td5" valign="bottom">
$350
</td>
<td class="td6" valign="bottom">
$425,000
</td>
</tr>
</tbody></table>
The REIV has also released tables with a summary of <a href="/expert-insights/buying/melbourne-residential-apartment-investors-yielding-from-3-5-reiv">Melbourne and Victorian median unit prices and rents for the 12 months ending March 2015</a>.
 
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Melbourne residential house investors yielding from 2.6%: REIV

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The REIV has released tables with a summary of Melbourne and Victorian median prices and rents for the 12 months ending March 2015.
Yields for one bedroom units.
<table dir="ltr" border="1" cellspacing="0" cellpadding="0">
<colgroup>
<col width="152">
<col width="152">
<col width="156">
<col width="159">
</colgroup>
<tbody>
<tr>
<td data-sheets-value='[null,2,"Region "]'>Region </td>
<td data-sheets-value='[null,2,"Gross Rental Yield"]'>Gross Rental Yield</td>
<td data-sheets-value='[null,2,"Median Rent"]'>Median Rent</td>
<td data-sheets-value='[null,2,"Median Price"]'>Median Price</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Inner"]'>Inner</td>
<td data-sheets-value="[null,3,null,0.05]" data-sheets-numberformat='[null,3,"0.0%",1]'>5.0%</td>
<td data-sheets-value="[null,3,null,356]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$356</td>
<td data-sheets-value="[null,3,null,367000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$367,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Middle"]'>Middle</td>
<td data-sheets-value="[null,3,null,0.048]" data-sheets-numberformat='[null,3,"0.0%",1]'>4.8%</td>
<td data-sheets-value="[null,3,null,280]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$280</td>
<td data-sheets-value="[null,3,null,305000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$305,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Outer"]'>Outer</td>
<td data-sheets-value="[null,3,null,0.041]" data-sheets-numberformat='[null,3,"0.0%",1]'>4.1%</td>
<td data-sheets-value="[null,3,null,230]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$230</td>
<td data-sheets-value="[null,3,null,291250]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$291,250</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Metro"]'>Metro</td>
<td data-sheets-value="[null,3,null,0.051]" data-sheets-numberformat='[null,3,"0.0%",1]'>5.1%</td>
<td data-sheets-value="[null,3,null,350]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$350</td>
<td data-sheets-value="[null,3,null,355000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$355,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Regional"]'>Regional</td>
<td data-sheets-value="[null,3,null,0.057]" data-sheets-numberformat='[null,3,"0.0%",1]'>5.7%</td>
<td data-sheets-value="[null,3,null,165]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$165</td>
<td data-sheets-value="[null,3,null,149500]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$149,500 
</td>
</tr>
</tbody>
</table>
Yields for two bedroom units
<table dir="ltr" border="1" cellspacing="0" cellpadding="0">
<colgroup>
<col width="152">
<col width="152">
<col width="156">
<col width="159">
</colgroup>
<tbody>
<tr>
<td data-sheets-value='[null,2,"Region "]'>Region </td>
<td data-sheets-value='[null,2,"Gross Rental Yield"]'>Gross Rental Yield</td>
<td data-sheets-value='[null,2,"Median Rent"]'>Median Rent</td>
<td data-sheets-value='[null,2,"Median Price"]'>Median Price</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Inner"]'>Inner</td>
<td data-sheets-value="[null,3,null,0.042]" data-sheets-numberformat='[null,3,"0.0%",1]'>4.2%</td>
<td data-sheets-value="[null,3,null,450]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$450</td>
<td data-sheets-value="[null,3,null,554500]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$554,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Middle"]'>Middle</td>
<td data-sheets-value="[null,3,null,0.04]" data-sheets-numberformat='[null,3,"0.0%",1]'>4.0%</td>
<td data-sheets-value="[null,3,null,351]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$351</td>
<td data-sheets-value="[null,3,null,460000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$460,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Outer"]'>Outer</td>
<td data-sheets-value="[null,3,null,0.049]" data-sheets-numberformat='[null,3,"0.0%",1]'>4.9%</td>
<td data-sheets-value="[null,3,null,280]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$280</td>
<td data-sheets-value="[null,3,null,351000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$351,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Metro"]'>Metro</td>
<td data-sheets-value="[null,3,null,0.042]" data-sheets-numberformat='[null,3,"0.0%",1]'>4.2%</td>
<td data-sheets-value="[null,3,null,395]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$395</td>
<td data-sheets-value="[null,3,null,487000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$487,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Regional"]'>Regional</td>
<td data-sheets-value="[null,3,null,0.052]" data-sheets-numberformat='[null,3,"0.0%",1]'>5.2%</td>
<td data-sheets-value="[null,3,null,240]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$240</td>
<td data-sheets-value="[null,3,null,240000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$240,000</td>
</tr>
</tbody>
</table>
Yields for three bedroom units.
<table dir="ltr" border="1" cellspacing="0" cellpadding="0">
<colgroup>
<col width="152">
<col width="152">
<col width="156">
<col width="159">
</colgroup>
<tbody>
<tr>
<td data-sheets-value='[null,2,"Region "]'>Region </td>
<td data-sheets-value='[null,2,"Gross Rental Yield"]'>Gross Rental Yield</td>
<td data-sheets-value='[null,2,"Median Rent"]'>Median Rent</td>
<td data-sheets-value='[null,2,"Median Price"]'>Median Price</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Inner"]'>Inner</td>
<td data-sheets-value="[null,3,null,0.038]" data-sheets-numberformat='[null,3,"0.0%",1]'>3.8%</td>
<td data-sheets-value="[null,3,null,600]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$600</td>
<td data-sheets-value="[null,3,null,831000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$831,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Middle"]'>Middle</td>
<td data-sheets-value="[null,3,null,0.035]" data-sheets-numberformat='[null,3,"0.0%",1]'>3.5%</td>
<td data-sheets-value="[null,3,null,442]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$442</td>
<td data-sheets-value="[null,3,null,651000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$651,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Outer"]'>Outer</td>
<td data-sheets-value="[null,3,null,0.042]" data-sheets-numberformat='[null,3,"0.0%",1]'>4.2%</td>
<td data-sheets-value="[null,3,null,352]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$352</td>
<td data-sheets-value="[null,3,null,440000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$440,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Metro"]'>Metro</td>
<td data-sheets-value="[null,3,null,0.038]" data-sheets-numberformat='[null,3,"0.0%",1]'>3.8%</td>
<td data-sheets-value="[null,3,null,460]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$460</td>
<td data-sheets-value="[null,3,null,635000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$635,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Regional"]'>Regional</td>
<td data-sheets-value="[null,3,null,0.049]" data-sheets-numberformat='[null,3,"0.0%",1]'>4.9%</td>
<td data-sheets-value="[null,3,null,310]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$310</td>
<td data-sheets-value="[null,3,null,329000]" data-sheets-numberformat='[null,4,"\"$\"#,##0",1]'>$329,000 
</td>
</tr>
</tbody>
</table>
 
The REIV has also <a href="/expert-insights/buying/melbourne-residential-house-investors-yielding-from-2-6-reiv">released tables on house yields</a>. 
 
 
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Melbourne residential apartment investors yielding from 3.5%: REIV

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Last month 29 Terry Street, the so-called Surry Hills skinny terrace, sold under the hammer for $965,000 to a Chinese investor.
Today the neighbouring <a href="https://www.realestate.com.au/property-house-nsw-surry+hills-119927281" target="_blank">31 Terry Street</a> - listed trying to match or better that result - was passed in at $805,000.
It too is a two-storey terrace with a 2.85 metre width, a land size of 38 square metres and an internal size of 48 square metres.
Listing agent, Wiseberry’s David Cradock said next door was a good benchmark, but after today's auction told Property Observer the neighbouring price had "stunned" the market. It is now for sale at $949,000.
The weekend's initial auction clearance rate was 82%, according to Australian Property Monitors, the fourth consecutive weekend with a weakening success rate. Pymble had the top house price at $4.7 million and Liverpool the cheapest apartment at $338,000.
<img src="https://i1.au.reastatic.net/456x342/064206b001dd0322a8fb230c511e2e8bcd16d25733aea7e1a3870626ccd0824b/main.jpg" alt="31 Terry Street, Surry Hills" title="31 Terry Street, Surry Hills" data-index="0">
The terrace was last sold in 2001 for $299,000. In January 2013, the home had a weekly asking rental price of $460.
Council rates are $789.60 p.a and water rates are $940 p.a.
The current $460pw rental was suggested as having potential of $600pw with renovation.
The narrow 1870s Sydney terrace is located near Central Station between Foveaux Street and Kippax Street.
A renovated 38 square metre terrace three doors away sold at $633,000 in May two years ago.
Another Surry Hills weekend offering sold through Cooley Auctions for $1.2 million when offering by Charles Touma at Belle Property. It was a renovated 1890s Victorian terrace on a 103 sqm parcel (below) at 79 Goodlet Street.
<img src="https://i1.au.reastatic.net/456x342/38d3acf2f9ac7fed73edc569cfc9c4cf345ac82679fb3fa070c08d88d75414c6/main.jpg" alt="79 Goodlet Street, Surry Hills" title="79 Goodlet Street, Surry Hills" data-index="0"> 
The two bedroom Goodlet Street offering with 80 sqm space sold at $760,000 in 2009. It had been up for rent at $770 a week in early 2014.
There were strong results out west with auctioneer Rob Trovato securing the sale of a development site offering (below) at 60 Blaxcell Street, Granville for $1.575 million.
<img src="https://i4.au.reastatic.net/456x342/c20fdedba356a2e8a3a10a10c6005a05e059ec9e6219773888f12f297db5518f/image3.jpg" alt="60 Blaxcell Street, Granville" title="60 Blaxcell Street, Granville" data-index="2">
There were 40 plus registered when offered through Soon Tee at LJH Granville.
<img src="https://i2.au.reastatic.net/456x342/91c26cc12d7fa108155885aef991e30a76cd3409f5d9367427be7999b09d91bf/main.jpg" alt="60 Blaxcell Street, Granville" title="60 Blaxcell Street, Granville" data-index="0">
The four bedroom brick veneer 1950s home sat on a huge 1052 sqm corner block of land with 16 metre frontage. It last traded in 1996 a $212,000.
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Second Surry Hills skinny terrace auction result suggests Sydney shedding its price exuberance

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The BMW i3 emission-free electric cars, included in the first five apartment sales through RT Edgar at One Irving Road, Toorak have been allocated.
The five buyers will have garages that will accommodate wiring for electric car chargers for their new car on completion of the prestige project with give-away gimmick.
The apartment development offers four levels of two, three and four-bedroom apartments, and spaces for one, two, or three cars, with adjacent store rooms.
<a href="https://www.oneirvingroad.com.au" target="_blank">One Irving Road</a> has city views, private gardens, balconies, dual lifts, keyless access systems and open gas fireplaces.
Prices for the apartments range from $1.55 million to $4.25 million in the contemporary four level building comprising 16 expansive single level apartments and two magnificent penthouses each with city skyline view, vista or leafy surrounds.
RT Edgar was making the offer in partnership with BMW Melbourne offering the first 5 purchasers a free BMW i3 including the 15 amp i Wall box charging station.
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<img src="https://assets.boxdice.com.au/rt_edgar/listings/40293/b47c8b91.jpg?&amp;fit=800x" width="800">
The BMW inclusion is to show the developer's commitment to sustainable urban design in the premium development of 18 seven-star energy-rated apartments being constructed by Dianne Gringlas.
"Winter and the mid-year school holidays is traditionally a quieter time of year; however the current market is continuing to benefit positively from high demand and short supply which is significantly influencing the results we are achieving for our vendors. 
"Those forces, combined with record low interest rates, has seen strong sales at 1 Irving Road Toorak with over 30% sold in less than three weeks, Warwick Anderson at RT Edgar said.
Jadig Holdings paid $4,475,000 in its two block site consolidation in early 2013. 
The project was initially refused, but approved on appeal for a construction of a part 4 storey and part 5 storey building containing 18 dwellings including 7 x 2 bedroom and 11 x 3 bedroom in a Residential 1 Zone over a common basement which provides 42 residential parking spaces.
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BMW i3 all parked in One Irving Road, Toorak sustainable apartment complex giveaway

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Has a family member or friend asked you to be a 'co-borrower' or guarantee a loan for them? Before you say yes, think carefully - you could lose not only your money, but valuable assets such as your house or car.
What is a guarantor or co-borrower?
Co-borrower
You are a co-borrower if you sign a loan with someone else.
In most instances both you and the other co-borrower are jointly and individually liable for the debt. If the person you borrow the money with is unable to pay their share of the loan, you will be responsible for repaying the full amount outstanding.
Guarantor
If a credit provider is not willing to give a loan to a person on their own, they may ask for a guarantee. If you sign a guarantee for a friend or family member, you are known as the 'guarantor' of the loan.
When you sign your name as a guarantor, you are legally responsible for paying back the entire loan if the other person cannot or will not make the repayments. You will also have to pay any fees, charges and interest. As a guarantor does you don't have the right to own the property or items bought with the loan.
Guaranteeing a loan could affect your future loans and credit report
You will need to tell your credit provider about any loans you are a guarantor for, when you apply for credit. They may take into account the loan repayments on the loan you have guaranteed when they assess your ability to repay a new loan. This may stop you getting a new loan even if the person who's loan you are guaranteeing is making the repayments.
You may end up with a bad credit record if you and the borrower can't pay back the guaranteed loan. The loan will be listed as a default or non-payment on your <a href="https://www.moneysmart.gov.au/borrowing-and-credit/borrowing-basics/credit-reports" target="_blank">credit report</a>, making it hard for you to borrow money for several years.
If you provide security, such as a mortgage on your home, to guarantee someone else's loan, you may not be able to use your home as security for your own loan. You may even end up losing your home if you don't pay out the guaranteed loan. 
You may also be made bankrupt by the credit provider. Even assets you haven't offered as security for a guarantee may then be sold to pay the outstanding debt. 
Think very carefully before guaranteeing a loan
Is there another way you could help without becoming a guarantor? For example, could you contribute to a deposit so that a guarantee is not needed? Consider how you will pay back the loan if your friend or family member can't. Can you afford the repayments? Do you have savings you can use or assets you can sell to pay the debt? If you do have to use your own money or assets to pay off someone else's loan, you could be risking your financial future. What about your relationship with the borrower if something goes wrong? It may be better to say 'no' now and avoid damaging your friendship. 
Case study: Connie guarantees a business loan for her son
Connie's family ran cafes for years until her late husband became too ill to work. Her son Leo grew up working for the family business, and Connie thought he could make a go of it. But she didn't know he had a gambling problem.
A few months after Connie guaranteed a business loan for him, Leo fell behind in his repayments. Then he was evicted from the cafe for not paying rent. She asked relatives to contribute to Leo's repayments but even with their help, there was not enough money to pay off the debts.
The bank and landlord contacted Connie to pay back what was owed. Connie is talking to the bank about repayment arrangements, including postponing enforcement proceedings, but is resigned to the fact she may have to sell the family home to pay off Leo's debts. 
Ask questions
Before you guarantee a loan, ask the credit provider the following questions.
Q. What type of loan am I guaranteeing?
Be very careful about guaranteeing a loan that has no specific payback time, such as an <a href="https://www.moneysmart.gov.au/borrowing-and-credit/other-types-of-credit/overdrafts" target="_blank">overdraft</a>. This kind of loan could potentially go on forever.
Q. What should I check if I am asked to guarantee a business loan?
Find out everything you can about the business. Ask for a copy of the business plan to understand how it intends to operate. It's also important to look at the business' financial state. For example, check past financial statements and speak to the business' accountant to make sure the company is in good financial health and has good prospects.
Q. Is the guarantee for a fixed amount of money, or is it for the total amount owing?
You are better off guaranteeing a fixed amount because you will know exactly what you owe. If you sign a guarantee for the total amount owing, you will be legally responsible for what the borrower owes now and in the future. This could include interest, fees, charges and penalties. If you think there has been an increase in the amount you agreed to guarantee without your consent, seek legal advice straight away.
Q. Exactly how much am I guaranteeing?
The guarantee should clearly describe how the amount of money you owe will be calculated if the worst happens and the borrower does not pay. If you are not comfortable with the amount, ask if you can reduce it.
Q. Do I have to put up assets as security?
If the loan is not for personal, household or domestic purposes, you may be asked to put up an asset such as your house as security. This means the credit provider can sell your house to pay the debt if the borrower defaults on their loan.
Q. What should the loan contract tell me?
Get a copy of the loan contract from the credit provider. It should tell you:
<ul>
<li>The amount of the loan</li>
<li>The interest rate, fees and charges</li>
<li>Whether the loan is secured (where the borrower has to put up an asset, such as their house, as security)</li>
<li>How long the borrower has to repay the loan</li>
<li>The amount of the repayments</li>
</ul>
Get legal advice
Never let a family member pressure or force you into signing anything. If a large amount of money is involved, talk with a lawyer or get <a href="https://www.moneysmart.gov.au/managing-your-money/managing-debts/free-legal-advice">free legal advice</a> so you understand the risks you are taking on. If you're feeling pressured, seek financial counselling - it's a free and confidential service. 
Challenging a claim
In certain situations, guarantors may be able to challenge a claim even though they have signed contracts.
You should get advice immediately if you:
<ul>
<li>Only agreed to sign through pressure or fear</li>
<li>Suffered from a disability or mental illness at the time of signing</li>
<li>Did not receive legal advice before signing and did not understand the documents or the extent of the risk you were taking on; for example, you thought you were guaranteeing a certain amount but a much larger amount is now being claimed</li>
<li>Believe the credit provider or <a href="https://www.moneysmart.gov.au/glossary/b/broker" target="_blank">broker</a> used unfair tactics, or tricked or misled you</li>
</ul>
What to do if a personal relationship breaks down
A breakdown in your personal relationships affects every part of your life, including your finances. If you were a guarantor or co-borrower for your ex-partner, you may be liable for their debts if they can't or won't repay their loan.
In most cases, you won't be able to get out of loan contracts you made in the past, but speak to a lawyer or get <a href="https://www.moneysmart.gov.au/managing-your-money/managing-debts/free-legal-advice" target="_blank">free legal advice</a> about where you stand. 
Stop and think before agreeing to be a co-borrower or to guarantee someone's loan. If they cannot or will not pay off the loan, you will be responsible for the debt. Take the same care that you would if you were taking a loan out for yourself.
For more information from ASIC, click <a href="https://www.moneysmart.gov.au/borrowing-and-credit/home-loans" target="_blank">here</a>.
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ASIC's tips for parents financing home purchases for their children

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More than 45% of properties in Mackay were sold for less than purchase price during the March 2015 quarter, according to the the CoreLogic RP Data pain gain report.
It leads the nationwide property resale losses for the quarter which were also felt in Fitzroy (26.5%), outback South Australia (13.2%), outback Western Australia (23.9%) along with the Hunter Valley (excluding Newcastle) at 9.3%.
Two years ago Fitzroy had a 10% resale loss, Mackay 14.4%, outback South Australia 12.3% and outback Western Australia 11.8%.
The report noted the decline of resources investment and falling commodity prices as having an impact on these markets.
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Mackay resale record loss in March quarter: CoreLogic RP Data 

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The level of loss-making resales has fallen across Brisbane during the March 2105 quarter and are now at their lowest level since April 2011.
According to the CoreLogic RP Data pain gain report, Brisbane's losing resales totalled 9.6%, down from 10.3% the previous quarter and down from 10.9% when compared to the same period last year.
Resale losses were felt hardest in the Lockyer Valley (24.3%), Somerset (18.2%) and Ipswich (17.2%). 
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