<p>For the first time in a long time, Australia's inflation story is starting to look more like a landing than a fight.</p>

<p>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.</p>

<p>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.</p>

<p>The biggest takeaway is that inflation continues to move in the right direction.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>That trend is important because it aligns with what many economists and lenders have been saying for the last month.</p>

<p>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.</p>

<p>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".</p>

<p>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.</p>

<p>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.</p>

<p>Electricity prices remain particularly problematic, rising 21.1 per cent over the past year following the removal of government rebates.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>


Joel Robinson

The inflation result the property market was waiting for

<p>Commercial property group FiveX is doubling down on its move into the residential space.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p><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" /></p>

<p>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.</p>

<p>"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.</p>

<p>"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."</p>

<p><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" /></p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>Recent activity in Chatswood includes Hyecorp launching its Archer Street project, Celine, and Develotek securing approval for a 34-storey tower.</p>


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

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p><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" /></p>

<p>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.</p>

<p>The application has been lodged as a State Significant Development due to the affordable housing component and the scale of the project.</p>

<p>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.</p>

<p>"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.</p>

<p>"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."</p>

<p>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.</p>

<p>The likes of Aqualand, Hyecorp, Holdmark and Vermont Property Group have projects in the region.</p>

<p>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>.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>


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

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>Central Element Managing Director Nathan Chivas said the project would address a shortage of new owner-occupier housing opportunities in Drummoyne.</p>

<p>"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.</p>

<p>"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."</p>

<p>The development application has been lodged with the City of Canada Bay Council, with the project expected to launch to market in early 2027.</p>

<p>&nbsp;</p>


Central Element seeks second Drummoyne apartment development

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>Further north, the NSW Government is also progressing plans for the former Kiama Depot site, a two-hectare parcel near Kiama's town centre.</p>

<p>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.</p>

<p>Planning Minister Paul Scully said the proposals are designed to increase housing supply in locations close to jobs, transport and services.</p>

<p>"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.</p>

<p>"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.</p>

<p>"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."</p>

<p>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.</p>

<p>Community consultation on the proposals is now underway, with feedback set to inform the final planning controls before the rezonings are determined.</p>


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

<p>Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.</p>

<p>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;</p>

<h2>What is the Help to Buy Scheme?</h2>

<p>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.</p>

<p>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).</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

<p>To qualify for the Help to Buy Scheme, applicants must meet the following conditions:</p>

<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>

<p>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.</p>

<p>The scheme is expected to commence in NSW in late 2025, as part of a national rollout.</p>


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

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.</p>

<h2>New South Wales First Home Owner Grant</h2>

<p><strong data-end="252" data-start="225">First Home Owner Grant:</strong> 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.</p>

<p><strong data-end="413" data-start="389">Stamp Duty Benefits:</strong> Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.</p>

<h2>Victoria South Wales First Home Owner Grant</h2>

<p><strong>First Home Owner Grant:</strong> Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.</p>

<p><strong>Stamp Duty Benefits</strong>: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.</p>

<h2>Queensland First Home Owner Grant</h2>

<p><strong data-end="920" data-start="893">First Home Owner Grant:</strong> 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.</p>

<p><strong data-end="1162" data-start="1135">Stamp Duty Concessions:</strong> Provides additional concessions for properties valued up to $800,000.</p>

<h2>Western Australia First Home Owner Grant</h2>

<p>&nbsp;</p>

<p><strong>First Home Owner Grant:</strong> 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.</p>

<p><strong>Stamp Duty Concessions:</strong> Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.</p>

<h2>Australian Capital Territory First Home Owner Grant</h2>

<p><strong data-end="1617" data-start="1590">First Home Owner Grant:</strong> Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.</p>

<h2>South Australia First Home Owner Grant</h2>

<p><strong>First Home Owner Grant:</strong> 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.</p>

<p><strong>Stamp Duty Relief:</strong> Available for new homes and vacant land purchases.</p>

<h2>Tasmania First Home Owner Grant</h2>

<p><strong>First Home Owner Grant</strong>: Offers a $10,000 grant for new homes and off the plan purchases.</p>

<p><strong>Stamp Duty Exemption</strong>: 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.</p>

<h2>Northern Territory First Home Owner Grant</h2>

<p><strong>First Home Owner Grant:</strong> The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.</p>

<p><strong>Stamp Duty Exemption</strong>: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).</p>

<p><em>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.</em></p>


Every First Home Owner Grant for new property by state

<p>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.</p>

<p>Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.</p>

<p>Some systems assess individual building components, while others provide an overall rating for the entire structure.</p>

<p>A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.</p>

<p>NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.</p>

<p>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.</p>

<h2>What is NatHERS?</h2>

<p>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;</p>

<p>NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;</p>

<p>NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.</p>

<p>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.</p>

<h2>How NatHERS Ratings Work</h2>

<p>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.</p>

<p>The tools can model complex effects of building mass, insulation, window size, and other elements.</p>

<p>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.</p>

<p>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;</p>

<p>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.</p>

<p>Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.</p>

<h2>Benefits of Higher NatHERS Ratings</h2>

<p><strong>Energy Efficiency:</strong> 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.</p>

<p><strong>Cost Savings:</strong> 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.</p>

<p><strong>Environmental Impact:</strong> 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.</p>

<p><strong>Improved Comfort: </strong>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.</p>

<p><strong>Market Value and Desirability:</strong> 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.</p>

<p><strong>Compliance with Building Codes:</strong> 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.</p>


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?

<p>Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.</p>

<p>Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.</p>

<p>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.</p>

<h3>Convenience and accessibility</h3>

<p>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.</p>

<p>[smartcode_project:default project_id=114215 project_image_fid=204874]</p>

<p>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.</p>

<h3>Vibrant lifestyle and community</h3>

<p>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.</p>

<p>[smartcode_project:default project_id=107714 project_image_fid=214122]</p>

<p>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.</p>

<h3>Potential for higher rental yields and property value appreciation</h3>

<p>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.</p>

<p>[smartcode_project:default project_id=139989 project_image_fid=212887]</p>

<p>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.</p>

<h3>Enhanced security and maintenance</h3>

<p>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.</p>

<p>[smartcode_project:default project_id=108019 project_image_fid=212658]</p>

<p>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.</p>

<h3>Live-work-play balance</h3>

<p>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.</p>

<p>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.</p>


alisonwarters@gmail.com

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

<p style="line-height: 1.38;">When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.</p>

<p style="line-height: 1.38;">Often the largest outlay, after the deposit which goes to the bank, is stamp duty.</p>

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

<p>Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.</p>

<p>It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.</p>

<p style="line-height: 1.38;"><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></p>

<h2>Who pays Stamp Duty?</h2>

<p>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.</p>

<h2>How much does Stamp Duty cost?</h2>

<p>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.</p>

<p>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!</p>

<p>Overall, the stamp duty you need to pay will depend on:</p>

<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>

<p style="line-height:1.38">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.</p>


Ellen Walker

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

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<p>Eight tips for professional estate agent service emerged from<span style="line-height: 1.3em;"> the 2015 Consumer Perceptions of Real Estate Agents survey.</span></p>
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<p>1. Be professional </p>
<p>The number one behaviour highlighted by vendors as essential was professional behaviour demonstrated by being proactive, pre-empting their needs and delivering as promised. </p>
<p>2. Regular feedback </p>
<p>Vendors stressed the value of agents who were proactive about delivering a transparent sales process and who used data-based insights to support their processes. </p>
<p>3. Be friendly and approachable </p>
<p>Vendors appreciated agents being easy to talk to and with whom they felt safe to ask questions at any time. </p>
<p>4. Know your market </p>
<p>Vendors felt confident they were in good hands when agents demonstrated their market expertise, showed them the data they had used to determine price estimates and took the time to explain market behaviour to anxious vendors. </p>
<p>5. Provide advice and help </p>
<p>Vendors highly valued advice on presenting their homes in the best possible light especially when it was supported by recommending and helping coordinate tradesmen. </p>
<p>6. Be on their side </p>
<p>Vendors felt championed by agents who negotiated hard on their behalf and offered to assist them with the purchase of their next home. </p>
<p>7. Be thoughtful </p>
<p>Vendors were impressed by agents who demonstrated thoughtfulness – either by ensuring multiple agents were located around the home during opens, to offering bottles of waters to buyers on hot days through to thank you gifts at the conclusion of the sale. </p>
<p>8. Don’t dump them at the end </p>
<p>Many vendors flagged they felt dumped by their agents as soon as the sale was signed, while those whose agents who stayed in touch were more likely to be delighted and recommend their agents to friends. </p>
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<p><span style="line-height: 1.3em;">The 2015 Consumer Perceptions of Real Estate Agents survey was commissioned by</span><span style="line-height: 1.3em;"> CoreLogic RP Data. It seeks</span><span style="line-height: 1.3em;"> seeks to understand the quality of real estate agent performance and service in Australia and how it matches - or misses - the expectations vendors have when selling their homes.</span></p>
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jchancellor-FAypfDUnLy

Eight ways for estate agents to be more professional

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<p>Three more surplus social housing homes in Millers Point have been sold.</p>
<p><span style="line-height: 1.3em;">The three properties sold through Raine &amp; Horne Double Bay included</span><span style="line-height: 1.3em;"> 32 Kent Street, an 1870s, two-bedroom terrace at $1.5 million.</span></p>
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<div class="cq-article-content-paras section">
<p>Another 1870s row house, at 56 Kent Street, sold for $1.68 million.</p>
<p><span style="line-height: 1.3em;">At 42 Kent Street, (below) with harbour views, an above-expectation $2.2 million was </span>achieved<span style="line-height: 1.3em;"> by t</span><span style="line-height: 1.3em;">he NSW government.</span></p>
<p><span style="line-height: 1.3em;"><a href="https://www.realestate.com.au/photogallery_new.ds;jsessionid=F79541AF742788A3D14831BBBA1E6CCB?id=119722987&amp;theme=rea.sold" rel="photos" data-id="119722987"><img src="https://i3.au.reastatic.net/456x342/9cbf5d600f98d6e769e1dcdacaa950b9df685688c68546deaead803574f0a876/image2.jpg" alt="42 Kent Street, Millers Point" title="42 Kent Street, Millers Point" data-index="2"></a></span></p>
<p><span style="line-height: 1.3em;">Next up are 18 Trinity Avenue, 34 Kent Street and 54 A&amp;B Kent Street.</span></p>
<p><span style="line-height: 1.3em;">More than $40 million has been secured in the sell-off.</span></p>
<p><span style="line-height: 1.3em;">Last month Grimes Cottage, at 50 Argyle Place in Millers Point secured the <a href="/expert-insights/buying/grimes-cottage-millers-point-sold-by-nsw-state-government">highest price yet in its staggered former social housing selldown at $4.23 million</a>.</span></p>
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More Millers Point terraces sold off by the NSW government 

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<p>A Brighton beachfront won the battle for the week's top 10 sales beating out a North Bondi sale in <span style="line-height: 1.3em;">CoreLogic's RP Data's 10 most expensive sales.</span></p>
<p class="Normal"><span class="Hyperlink__Char"><span class="Hyperlink__Char"><a href="/expert-insights/buying/8-million-brighton-beachfront-sale-rounds-out-melbournes-ascending-autumn-auctions">3 Miller Street, Brighton</a>, VIC, 3186</span></span><span class="Normal__Char">, three-bedroom house, sold at auction on May 28 by RT Edgar Brighton for $8.04 million (pictured above).</span></p>
<p class="Normal"><span class="Hyperlink__Char"><span class="Hyperlink__Char">13 O'Donnell Street, North Bondi, NSW, 2026</span></span><span class="Normal__Char">, a contemporary five-bedroom house, sold on May 28 by Raine &amp; Horne Double Bay for $5.1 million (pictured below).</span></p>
<p class="Normal"><span class="Normal__Char"><img src="https://i1.au.reastatic.net/456x342/e61cdcf57bfaa0b038dae3587d68e0d8ab492acec93c354e0d27da8800324a03/main.jpg" alt="13 O'Donnell Street, North Bondi" title="13 O'Donnell Street, North Bondi" data-index="0"></span></p>
<p class="Normal"><span class="Hyperlink__Char"><span class="Hyperlink__Char">45 Mathoura Road, Toorak, VIC, 3142</span></span><span class="Normal__Char">, four-bedroom house, sold at auction on May 30 by Marshall White Albert Park for $4.75 million.</span></p>
<p class="Normal"><span class="Hyperlink__Char" style="line-height: 1.3em;"><span class="Hyperlink__Char">1/161 Hedges Avenue, Mermaid Beach, QLD, 4218</span></span><span class="Normal__Char" style="line-height: 1.3em;">, four-bedroom house, sold on May 29 by Ray White Prestige Gold Coast Surfers Paradise for $4 million.</span></p>
<p class="Normal"><span class="Hyperlink__Char" style="line-height: 1.3em;"><span class="Hyperlink__Char">15 Nott Street, Malvern East, VIC, 3145</span></span><span class="Normal__Char" style="line-height: 1.3em;">, five-bedroom house, sold at auction on May 30 by Abercromby's Real Estate Armadale for $3.95 million.</span></p>
<p class="Normal"><span class="Hyperlink__Char" style="line-height: 1.3em;"><span class="Hyperlink__Char">36 Wentworth Avenue, Canterbury, VIC, 3126</span></span><span class="Normal__Char" style="line-height: 1.3em;">, four-bedroom house, sold at auction on May 30 by Jellis Craig Real Estate Hawthorn for $3.95 million.</span></p>
<p class="Normal"><span class="Hyperlink__Char" style="line-height: 1.3em;"><span class="Hyperlink__Char">20 Shellcove Road, Neutral Bay, NSW, 2089</span></span><span class="Normal__Char" style="line-height: 1.3em;">, five-bedroom house, sold on May 28 by McGrath Mosman for $3.825 million.</span></p>
<p class="Normal"><span class="Hyperlink__Char"><span class="Hyperlink__Char">3 Strathfield Avenue, Strathfield, NSW, 2135</span></span><span class="Normal__Char">, four-bedroom house, sold at auction on May 30 by Georges Ellis &amp; Company Strathfield for $3.71 million.</span></p>
<p class="Normal"><span class="Hyperlink__Char" style="line-height: 1.3em;"><span class="Hyperlink__Char">30 Wentworth Street, Randwick, NSW, 2031</span></span><span class="Normal__Char" style="line-height: 1.3em;">, four-bedroom house, sold at auction on May 30 by Ray White Double Bay for $3.377 million.</span></p>
<p class="Normal"><span class="Hyperlink__Char" style="line-height: 1.3em;"><span class="Hyperlink__Char">47 Union Street, McMahons Point, NSW, 2060</span></span><span class="Normal__Char" style="line-height: 1.3em;">, four-bedroom house, sold at auction on May 26 by McGrath Neutral Bay for $3.35 million.</span></p>
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po-LsXgBTHBmX

Brighton wins battle of the beachside locations: Corelogic RP Data's top 10

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<p><span style="line-height: 1.3em;">Sydney is one of the most resilient property markets in the world, so estate agent John McGrath says</span><span style="line-height: 1.3em;"> buyers and sellers need to ignore the bubble commentary. </span></p>
<p><span style="line-height: 1.3em;">"Sydney has proven itself over and over again to be one of the most resilient property markets in the world, </span>with<span style="line-height: 1.3em;"> long-term fundamentals that form a bedrock of strength for the market." </span></p>
<p class="p4"><span style="line-height: 1.3em;">But he says the boom is definitely going to end at some point. </span></p>
<p>"That doesn’t mean price growth will end, it will continue on but in a less spectacular fashion."</p>
<p>He told the Today Show's Lisa Wilkinson that the Sydney market still had "a few percent to go."</p>
<p>"The Sydney and Melbourne markets are red hot…probably close to where they are going to go in this cycle.</p>
<p>"I think we are close to the top of the market.</p>
<p>"Don't panic, don't over stretch your budget," he advised.</p>
<p>When asked what will take Sydney out of the boom? He listed a few things on <a href="https://www.switzer.com.au/the-experts/john-mcgrath-property-expert/why-sydney-prices-wont-fall/" target="_blank">his switzer blog</a>.</p>
<ul>
<li>The market will at some point reach a natural peak – prices will get too high and buyers will lose interest. This isn’t happening yet, partly because finance is so cheap.</li>
<li>Investor activity, which has been a major driver of Sydney’s boom, will taper off as yields become too low.</li>
<li>Interest rates will begin rising at some stage as the economy improves and this will put the brakes on activity – but this is a long way off. </li>
</ul>
<p><span style="line-height: 1.3em;">"It’s a bit unusual to have such a long stretch of significant price rises," he </span>conceeds.</p>
<p><span style="line-height: 1.3em;">"But it doesn’t mean a calamity awaits us. </span></p>
<p><span style="line-height: 1.3em;">"A big part of the growth we’re experiencing today is simply catch-up after several years of little growth. </span></p>
<p class="p5">"Everyone needs to calm down and remember that this is a solid, high performing property market in a truly international business hub and in my opinion, it is going to stay that way for a long time to come. </p>
<p class="p4">He says a big fundamental is that Sydney is vastly undersupplied with natural borders that limit the amount of new homes that can be built, yet demand keeps on rising due to the city’s strong population growth and increasing engagement from overseas buyers. </p>
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No calamity coming: Why Sydney still has price growth in 2015: John McGrath

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<p>There were just five chances to buy under $500,000 across Sydney last weekend, on May 30.</p>
<p>10/22 Nagle Street, Liverpool $336,000 - a two bedroom unit (below) was the cheapest.</p>
<p><a href="https://www.realestate.com.au/photogallery_new.ds?id=119670199&amp;theme=rea.buy" rel="photos" data-id="119670199"><img src="https://i1.au.reastatic.net/456x342/defb7ae0bac81e6df0af5daa0ebd987515ddfdc117147de4f6c13f05a2106c54/main.jpg" alt="10/22 Nagle St, Liverpool" title="10/22 Nagle St, Liverpool" data-index="0"></a></p>
<p>Property Observer gleans the LJ Hooker Liverpool agent Pat Bugge sold it to an investor. It was up for rent last August at $290 a week, reflecting a 4.5% yield.</p>
<p>The block's previous highest two bedroom sale was $321,000 in early 2015, then put up for rent at $300 a week.</p>
<p>Then followed:</p>
<p>3/136 Sproule Street, Lakemba $380,000 - a two bedroom unit which last sold at $275,000 in April 2013.</p>
<p>6/21 Marlene Cr, Greenacre $405,000 - a two bedroom 62 sqm 1975 unit which last sold at $250,000 in October 2009. The landlord had been seeking $340 a week rental. </p>
<p>39/103 Longfield Street, Cabramatta $425,000 -a three bedroom unit last sold at $88,000 in 1997. It was up for $350 a week rental late last year.</p>
<p>14/1099 Botany Road, Mascot $452,000 - a one bedroom unit that last sold in 1991 at $90,000. </p>
<p> </p>
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Liverpool led the five cheapest sub-$500,000 Sydney weekend purchasing opportunities

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<p>Online bidder 88 missed out when the Sydney Water Corporation sold its redundant Lilyfield site to bidder 66 in a bid-packed online auction. </p>
<p>The site at <a href="https://www.auctionworksonline.net.au/properties/232-lot-2-35-edna-street-lilyfield-2040-nsw-australia" target="_blank">Lot 2, 35 Edna Street, Lilyfield</a> was offered by online by the auction works website for Pilcher Residential.</p>
<p>The reserve price was met after just the second bid.</p>
<p>The bidding opened at $2.85 million. There were six bidders as the auction ended at 3pm today.</p>
<p>Property Observer understands a<span> Chinese developer paid the $4.95 with the auction underbidder a Chinese developer too.</span></p>
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<br><div class="propertyHeadline">It was offered as an "outstanding residential development site," a <span style="line-height: 1.3em;">500 metre walk to Light Rail &amp; City West Link.</span>
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<div class="propertyHeadline"><span style="line-height: 1.3em;"> </span></div>
<div class="propertyDescription">The prime development site occupies a 1224sqm parcel of land in a blue chip precinct of a popular inner west suburb featuring three street frontages. </div>
<div class="propertyDescription"> </div>
<div class="propertyDescription"><span style="line-height: 1.3em;">Bid History</span></div>
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<th width="60">Bidder</th>
<th>Amount</th>
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<tr class="bidItem bid_1042 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">66</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
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<div class="bidAmount reserveMet">$ 4,950,000</div>
<div><small>Mon, 01/06/2015 02:52 PM<small></small></small></div>
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<tr class="bidItem bid_1041 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">88</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 4,850,000</div>
<div><small>Mon, 01/06/2015 02:51 PM<small></small></small></div>
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</tr>
<tr class="bidItem bid_1040 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">66</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
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<div class="bidAmount reserveMet">$ 4,800,000</div>
<div><small>Mon, 01/06/2015 02:50 PM<small></small></small></div>
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<tr class="bidItem bid_1027 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">13</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 4,000,000</div>
<div><small>Mon, 01/06/2015 02:31 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_1026 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">66</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 3,950,000</div>
<div><small>Mon, 01/06/2015 02:30 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_1025 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">13</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 3,900,000</div>
<div><small>Mon, 01/06/2015 02:30 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_1023 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">66</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 3,850,000</div>
<div><small>Mon, 01/06/2015 02:30 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_988 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">13</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 3,800,000</div>
<div><small>Mon, 01/06/2015 11:07 AM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_987 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">50</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 3,750,000</div>
<div><small>Mon, 01/06/2015 11:00 AM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_986 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">88</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 3,700,000</div>
<div><small>Mon, 01/06/2015 10:45 AM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_983 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">13</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 3,650,000</div>
<div><small>Sun, 31/05/2015 07:58 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_980 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">8</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 3,600,000</div>
<div><small>Sun, 31/05/2015 06:43 PM<small></small></small></div>
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</td>
</tr>
<tr class="bidItem bid_978 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">13</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 3,550,000</div>
<div><small>Sun, 31/05/2015 05:27 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_977 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">6</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 3,500,000</div>
<div><small>Sun, 31/05/2015 04:39 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_976 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">13</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 3,200,000</div>
<div><small>Sun, 31/05/2015 04:19 PM<small></small></small></div>
</div>
</td>
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<tr class="bidItem bid_974 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">6</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 3,150,000</div>
<div><small>Sun, 31/05/2015 03:22 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_973 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">13</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 3,100,000</div>
<div><small>Sun, 31/05/2015 02:43 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_972 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">8</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 3,050,000</div>
<div><small>Sun, 31/05/2015 02:32 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_971 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">13</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 3,000,000</div>
<div><small>Sun, 31/05/2015 01:10 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_970 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">8</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 2,950,000</div>
<div><small>Sun, 31/05/2015 01:05 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_969 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">13</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage">Reserve Met</div>
<div class="column">
<div class="bidAmount reserveMet">$ 2,900,000</div>
<div><small>Sun, 31/05/2015 01:01 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_965 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">66</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveNotMet">$ 2,850,000</div>
<div><small>Sun, 31/05/2015 11:04 AM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem">
<td align="center"> </td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage">Starting Bid</div>
<div class="column">
<div class="bidAmount">$ 2,850,000</div>
</div>
</td>
</tr>
</tbody>
</table>
</div>
</div>
</div>
<p> </p>
<p><span>It was in 2008 when Sydney Water Corporation sought a site compatibility certificate for surplus lands at 35 Edna Street, Lilyfield to take on uses permissible within the surrounding residential zone.</span></p>
<p><span style="line-height: 1.3em;">The Heritage Branch of the NSW Department of Planning granted its consent for the proposal, considered acceptable with regards to its impact on the State Heritage Listed aqueduct. </span></p>
<p><span style="line-height: 1.3em;"> </span></p>
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<p><span> </span></p>
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Lucky 88 bidder fails to secure Water Corp's $4.95 million Lilyfield site

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<p><span style="line-height: 1.3em;">The three-bedroom apartment at 9/45 Wolseley Road, Point Piper sold at weekend auction for $4.1 million.</span></p>
<p>With 202 square metre internal space, it was sold to a publican by Stephen McMorrow of McGrath Edgecliff.</p>
<p>The unit, with 14 square front balcony, sold for $1 million over reserve, the level set after one sold for $2.95 million last year. It, set four floors below, was snapped up pre-auction.</p>
<p>There had been a 2010 sale of 7/45 at $3.75 million for a renovated apartment. The block's two storey renovated penthouse secured a $4.5 million sale in 2013.</p>
<p>There was an unusually high 10 registered bidders at the dress circle offering. </p>
<p><a href="https://www.realestate.com.au/photogallery_new.ds?id=119708915&amp;theme=rea.buy" rel="photos" data-id="119708915"><img src="https://i2.au.reastatic.net/800x600/7ecc50bcdaeb266cc3cb78c919d6525f15370b955909a02ad98b34f1cfe8fe62/image3.jpg" alt="9/45 Wolseley Road, Point Piper" title="9/45 Wolseley Road, Point Piper" data-index="2"></a></p>
<p>The whole-floor apartment last traded in 1968, reportedly bought off the plan for $93,750 by Veronica and Arthur Laundy snr, the founder of the Laundy Hotel Group. </p>
<p>It was bought by Arthur Laundy jnr's <span>nephew, Peter De Angelis.</span></p>
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Publican buys dress circle Point Piper apartment from publican

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<p><span>Savills Australia is marketing two showrooms occupied by national retailer, The Good Guys at Fountain Gate Super Centre in Melbourne’s outer east. </span></p>
<p><span>The property is expected to fetch more than $7.25 million when offers close<span> June 17.</span></span></p>
<p class="Normal"><span class="Normal__Char">The property at 48-50 Victor Crescent, Narre Warren, comprises showrooms 12 &amp; 13, totaling 2350 square metres.</span></p>
<p class="Normal"><span style="line-height: 1.3em;">Savills Australia industrial director Chris Jones says the property offers a secure income stream with a long established tenant of 15 years .</span></p>
<p class="Normal"><span style="line-height: 1.3em;">It comes with a ten year lease to Sheedy-Muirs Pty Ltd (The Good Guys) at a current net income of $561,605 per annum</span></p>
<p class="Normal"><span style="line-height: 1.3em;">"The property is part of a well-established showroom precinct including Snooze, Amart Sports Barbecues Galore, Ray’s Outdoors and Spotlight, which is located directly adjacent to a Bunnings Warehouse and the Fountain Gate Shopping Centre, the Monash Freeway, and Narre Warren-Cranbourne Road.</span></p>
<p class="Normal"><span style="line-height: 1.3em;">"The key driver for the co-location of such a plethora of national brand retailers has been the surrounding residential catchment in the City of Casey, one of Victoria’s fastest growing municipalities,’’ Mr Jones said.</span></p>
<p class="Normal"><span class="Normal__Char">Chris Jones said showroom properties had been popular with investors this year including the recent sales of a showroom in Epping which sold for circa $6 million on a 6.5% yield and a showroom at 1085-1087 Western Highway, Ravenhall which sold for $5.25 million on a 6.9% yield.</span><span style="line-height: 1.3em;"> </span></p>
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Savills selling Good Guys, Fountain Gate

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<div>The weekend auction offering at <span style="line-height: 1.3em;">13 Gaza Road, West Ryde </span>fetched<span style="line-height: 1.3em;"> $1,785,000, which was some $585,000 over reserve.</span>
</div>
<div><span style="line-height: 1.3em;"> </span></div>
<div>
<span style="line-height: 1.3em;">About 100 people </span>watched<span style="line-height: 1.3em;"> as 12 registrants </span>battled<span style="line-height: 1.3em;"> it out.</span>
</div>
<div><span style="line-height: 1.3em;"> </span></div>
<div><span style="line-height: 1.3em;"> Bidding started at $1 million and moved slowly in $10,000 and $20,000 increments until the reserve of $1,200,000. </span></div>
<div><span style="line-height: 1.3em;"> </span></div>
<div><span style="line-height: 1.3em;">The next $500,000 was varied in bids of $5,000 and $1,000 all the way to the end through Auction Services.</span></div>
<div><span style="line-height: 1.3em;"> </span></div>
<div><span style="line-height: 1.3em;"><span style="line-height: 1.3em;">"Too many bids to count but at a guess over 100 easily," auctioneer Rocky Bartaolotto said.</span></span></div>
<div>
<div> </div>
<div>"While a handful of properties had fewer than five bidders per property, the majority on Saturday had significantly higher - some well over double figures.</div>
<div> </div>
<div>"Overall as a result the average registered buyers across our auctions this weekend was showed a large increase from 8.3 bidders last week to almost 10 bidders per property.</div>
<div> </div>
<div>"An incredible jump week to week," he said. </div>
</div>
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Battle of the Gaza sees sale $585,000 over reserve at West Ryde auction

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<p>Australian Property Monitors (APM) has released a list of results from 657 auctions in Sydney for the weekend of 30 May. The clearance rate was 87%.</p>
<p><a href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" target="_blank">Click here</a> for the auction results, and click on each street address to see the property's marketing.</p>
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