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>.

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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.

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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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The display home at Frasers Property’s master-planned neighbourhood, Putney Hill sold at its recent auction.
The 76 Lardelli Drive offering was designed by Cox Richardson at one end of the picturesque Lardelli Park. 
It was styled by Coco Republic.
The ready-to-move-in four-bedroom family home sold through auctioneer Vic Lorusso for $2.15 million to a family with three young boys.
There had been around 160 inspecting the property throughout the campaign with six bidders registering for the auction.
It was a mix of owner-occupier buyers including empty nesters (over 50s), young professional couples (between 30-40 years of age), and young families. 
Frasers Property sales director Paul Lowe said the auction gave everyone an equal chance of buying this newly completed house.  
To date all opportunity to buy from the developer in the <a href="https://putneyhill.com.au/" target="_blank" style="line-height: 1.3em;">Putney Hill precinct</a> have been initially offered via off the plan private treaty.
<div>It had been listed with a $1.85 million plus price guidance.</div>
<div>
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Three display homes have also become available at <a href="https://www.belleproperty.com/buying/NSW/North-Shore-~-Upper/Turramurra/House/78P0011-414-420-bobbin-head-road-turramurra-nsw-2074" target="_blank" style="line-height: 1.3em;">St Columbans Estate</a> at North Turramurra through Belle Property.
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All homes feature an impressive formal entrance.
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Putney Hill display home fetches $2.15 million

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The grand dame of Australian cooking, Beverley Sutherland Smith secured $3.3 million at weekend auction for her Melbourne home which comes with kitchen where she hosted her iconic cooking school for the past five decades. 
The Mt Waverley offering was a 2,200 square metre garden estate with 1960s house with pool and court.
It was in the 1967 that foodies began attending one of Australia's first cooking schools at <a href="https://www.realestateview.com.au/Real-Estate/29-regent-street-mount-waverley/Property-Details-buy-residential-8892422" target="_blank">29 Regent Street</a>.
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Even American boxer George Foreman filmed a commercial for his electric grill at the house which was auctioned through Stockdale and Leggo. 
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Cooking school pioneer Beverley Sutherland Smith sells Mt Waverley home

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Now on his retirement circuit, tennis star Lleyton Hewitt has stepped up the marketing of his super sized St Kilda Road, Melbourne penthouse.
Overlooking Albert Park lake, he purchased two apartments and merged them into a mega, six-bedroom penthouse.
He has been seeking to sell for several year, formally relisting it fully furnished in August last year.
After previous $15 million hopes, he amended the price significantly to around $10 million. But no formal asking price in the latest campaign.
The 2006 Yve apartment complex's most recent sale has been on the 17th floor at $1.88 million, having previously sold in 2010 at $1,665,000. It first sold off the plan in 2004 at $1,828,000. 
Sotheby's retain <a href="https://www.melbournesothebysrealty.com/property/melbourne-1903578-st-kilda-road" target="_blank">the Yve penthouse listing</a> which has 710 square metre internal space plus 443 square metres outdoor living space over levels 19 and 20. 
The residence is controlled by a world-leading AMX Smart System that includes remote-controlled sheer and blackout blinds, plasma screens in each room, zoned music and an extensive video library. 
Finishes include terrazzo flooring, marble bench tops, European appliances and soundproof glazing to all glass walls.
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Lleyton Hewitt's Yve, Melbourne penthouse remains for sale

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It sounds very posh, but the cheapest buying opportunity across Sydney weekend auctions was at Regents Park.
The two bedroom unit fetched $375,000 pre-auction through the cheekily-named Posh Property on a property available for rent late last year a $350 a week.
<img src="https://i1.au.reastatic.net/456x342/57617f0c3f406f9acc050749bc81570a1212a3deffd37b6239005f75cc501802/main.jpg" alt="2/20A Edwin Street, Regents Park" title="2/20A Edwin Street, Regents Park" data-index="0">
It last sold in 1977, well before the first time buyers entered the market. Lisa Yan, the selling agent, told Property Observer it sold to a first time buyer.
The block's previous highest sale was $330,000 in March last year through John Nicolaides who said it was difficult to now price the market.
It too was a two bedroom plus car space totalling 70 square metres.
Sydney's next most affordable weekend sale was $376,000 for a two bedroom Liverpool apartment.
<img src="https://i3.au.reastatic.net/456x342/7103c5e6743ecfeded751aa36d284cb0e71c1a5a54548904305dd4724d1976db/image6.jpg" alt="34/51-57 Castlereagh St, Liverpool" title="34/51-57 Castlereagh St, Liverpool" data-index="5">
It (above) last sold in 2011 at $255,000. Pricing estimates were given as $340,000 by agents Simon Perri and Linda Chidiac at Prudential Real Estate Liverpool. 
Linda Chidiac told Property Observer it was bought by an investor.
In fact all six registered bidders were investors.
The property had been positively geared with a tenant paying $360 per week.
 
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Regents Park cheapest of 11 weekend Sydney auction opportunities under $500,000

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Housing market conditions for Victoria are the best overall nationwide according to new data released today. 
The Commonwealth Bank-CoreLogic Home Buyers Index (HBI) April 2015 found that out of the ten 'best sellers' markets nationwide, seven were located in Victoria.
The report considered property in Mallee, Loddon, Barwon, Wimmera, Melbourne and the central highlands as part of a balanced market.
Eastern outer Melbourne, Hume City and Melton-Wyndham were considered 'extreme' markets.
<img src="/images/2015/06/15/hbimelbourne.jpg" alt="">
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Property pickings ripe in Victoria: Commonwealth Bank-CoreLogic Home Buyers Index

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The Brisbane housing market remains in favour of buyers with a new report finding most sellers have to reduce the initial listing price to snag a sale.
<a href="/expert-insights/buyers-favoured-over-sellers-in-queensland-commonwealth-bank-home-buyers-index">The Commonwealth Bank-CoreLogic Home Buyers Index (HBI)</a> April 2015, released today, found selling conditions had improved slightly over the past year and three months.
 
<img src="/images/2015/06/15/rpdatabrisbane.jpg" alt="">
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Brisbane market banking on buyers: Commonwealth Bank-CoreLogic Home Buyers Index

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New figures from the Commonwealth Bank in conjunction with CoreLogic RP Data show a number of 'extreme' conditions for selling property located within the western, outer west, outer south west and inner Sydney suburbs.
The <a href="/expert-insights/buyers-favoured-over-sellers-in-queensland-commonwealth-bank-home-buyers-index">Commonwealth Bank-CoreLogic Home Buyers Index (HBI)</a> April 2015, released today, noted Liverpool-Fairfield and Blacktown as suburbs which market conditions became much less favourable for sellers during the three-month period ending in April.
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The report also suggested appropriately-priced are selling quickly and often above list price, with buyers "having much less negotiating power due to low stock levels and rapid selling times."
 
<img src="/images/2015/06/15/sydney-suburbs.jpg" alt="">
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'Extreme' selling conditions in Sydney pockets: Commonwealth Bank-CoreLogic Home Buyers Index

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Werrington, some 48 kilometres west of the Sydney central business district, is the suburb where the grant recipient first time buyers are most active.
Buyers received a $7.48 million benefit - from grants and stamp duty exemptions - in their purchases over the past year.
Benefits totalling $235 million have been paid by the state government across NSW, according to figures over the past year obtained by Property Observer.
Werrington's median house price sits at <a href="/news">a record $462,500 median</a>, according to CoreLogic RP Data. 
<a href="/images/2015/06/15/fhog.jpg" target="_blank">Click to enlarge</a>
 
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Werrington - where the Sydney first time buyers are most active

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There were 14 Sydney suburbs scoring a perfect 100 per cent auction clearance rate during the autumn selling season.
Thornleigh on the upper north shore headlined the remarkable feat with 23 sales over the three months to May 31.
In second place with 22 sales was Naremburn on the lower north shore.
Sydney's clearance rate for the autumn quarter sat at 83.3 per cent with 161 suburbs scoring auction success results above the Sydney-wide clearance rate. 
With winter auctions now underway, Thornleigh won't be on the next 100 percent list given a three bedroom weekend offering (below) was withdrawn, now for sale with offers sought above $1 million.
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<div id="Content_Content_propertyPhotos_MainImage_MainImagePlaceholder" class="img-wrapper"><a id="Content_Content_propertyPhotos_MainImage_MainPhotoLink" class="feature" href="https://www.domain.com.au/ore/Public/Gallery/Photo.aspx?adid=2011994087&amp;pic=1&amp;mode=Buy&amp;AgencyID=17346" target="ImageWindow"><img class="js-first-image" src="https://b.domainstatic.com.au/w800-h600-w1600-h1200-2011994087_1_pi_150608_045111" alt="71 beresford road thornleigh NSW 2120"></a></div>
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<div class="img-wrapper">Backing onto natural bushland with a north east to rear aspect, the elevated home was marketed as providing "an exceptional investment opportunity" with future potential for the 765sqm site. The estimated return was $600 per week according to the McGrath marketing. It was bought by a super fund at $535,000 in 2009. </div>
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<div class="img-wrapper">Nearby Cherrybrook in the Hills district was among other strong 100% performers during Autumn, according to Australian Property Monitors.</div>
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Ditto Killarney Heights on the northern beaches, North Willoughby on the lower north shore, Manly Vale on the northern beaches, Westmead and North Strathfield in the inner west and the southern suburbs' Mordale, Birrong, Kareela and Gymea South.
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There was Lalor Park in Blacktown, Wentworthville in the west.
APM Domain Group senior economist Dr Andrew Wilson most of the 14 suburbs tended to be next to much better known suburbs, but they had recently come into their own as a more affordable alternative.
The Sydney suburb with the lowest clearance rate was Middleton Grange in Sydney's west, where 46 per cent of homes sold under the autumn auction hammer.
On Saturday Sydney secured an auction clearance rate of 83.3 per cent.
 
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Thornleigh's 100% autumn auction success rate - and the 13 other stellar Sydney hotspots

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A clearance rate of 80 per cent was recorded across Melbourne today, continuing on its merry way despite recent commentary.
Last weekend a clearance rate of 72 per cent was recorded over the subdued Queen's Birthday weekend, compared to 80 per cent on May's last weekend.
There were 766 auctions reported to the REIV today. 
Armadale secured the highest residential house price when 39 Lambeth Avenue, Armadale fetched $4,660,000.
The renovated Victorian trophy home had five bidders.
Next priciest was <a href="https://www.realestateview.com.au/Real-Estate/27-summerhill-road-brighton-east/Property-Details-buy-residential-8909566" target="_blank">27 Summerhill Road, Brighton East</a> at (below) $3,980,000 through Marshall White, then 29 Regent Street, Mount Waverley $3,300,000 and 32 Barrington Avenue, Kew $3,150,000.
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The REIV was expecting about 920 auctions in 251 suburbs on the weekend. On the same winter weekend last year there was a 72% success rate from 919 auctions. 
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TOP 5 BARGAIN HOUSES 
1. 115 Glynns Road, North Warrandyte $85,000 2. 42 Mt Eagle Way, Wyndham Vale $265,000 3. 1/4 Dawn Avenue, Dandenong South $275,000 4. 3/70-71 Nepean Highway, Seaford $285,000 5. 11 Donald Street, Dallas $295,000
TOP 5 APARTMENTS 
1. 7 Lawson Street, Hampton $1,770,000 2. 3A Abergeldie Avenue, Mckinnon $1,387,500 3. 6/7 Warwick Court, Surrey Hills $1,380,000 4. 61 Michael Street, Fitzroy North $1,250,000 5. 1/56 Union Road, Surrey Hills $1,229,888 
TOP 5 BARGAIN APARTMENTS 
1. 4/232 Nicholson Street, Footscray $207,000 2. 3/483 Princes Highway, Noble Park $278,000 3. 7/37 Osborne Avenue, Glen Iris $280,000 4. 5/7 Waltham Street, Flemington $285,000 5. 12/63 Ulupna Road, Ormond $296,000
Source <a href="https://www.reiv.com.au/Property-Research" target="_blank">REIV</a>
The top auction locations were South Yarra (20 auctions) followed by Glen Waverley and Glen Iris with 14 auctions each. 
There was a development site at 50 Montclair Avenue Glen Waverley that fetched $5,505,000 at auction yesterday.
<div>Melbourne’s west is the most popular region for auctions this weekend with around 130 listed.  </div>
Melbourne’s east continues to see a high buyer demand, with 10 suburbs recording clearance rates of between 95 per cent and 100 per cent in the month of May.
There were 275 auctions reported to the REIV over the long weekend.
The REIV reported the 2015 auction market hit a peak in May, with 5,000 auctions held – more than any other month this year. The May clearance rate, at 79 per cent, was also well ahead of May 2014 , when it was 71 per cent.
APM reported Melbourne’s outer east recorded 88.5 percent closely followed by the inner east with 88.0 percent, the north 84.7 percent,  the north east 84.2 percent, the inner south 83.5 percent, the west 79.6 percent, the south east 76.3 percent and the inner city with 72.3 percent.
APM reported Melbourne recorded a clearance rate of 79.2 percent over May which which was the highest monthly success rate since April 2010. 
The May clearance rate was the third highest ever recorded for that month – behind only the price boom years of 2007 and 2001.
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APM senior economist Dr Andrew Wilson noted Melbourne recorded its highest ever month for auction sales over May at 3670 at a record total value of $3.58 billion. 
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<div>"The median price of homes sold at auction in Melbourne over May also climbed to a new monthly record of $820,000 – an increase of 11.2 percent over the month and 13.9 percent higher than May last year," he said. </div>
 
 
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