For the first time in a long time, Australia's inflation story is starting to look more like a landing than a fight.

The latest Consumer Price Index figures from the Australian Bureau of Statistics showed annual inflation eased to four per cent in May, down from 4.2 per cent in April. On the surface, that might not seem like a major move. Inflation remains above the Reserve Bank's target range and some categories continue to record stubborn price growth.

But the significance of this result lies less in where inflation sits today and more in what it means for where interest rates are likely heading next.

The biggest takeaway is that inflation continues to move in the right direction.

Markets had been bracing for another sticky result after a period where progress appeared to stall. Instead, headline inflation came in softer than expected, helped by falling fuel prices and easing transport costs. Annual transport inflation halved from 6.6 per cent in April to 3.3 per cent in May, while automotive fuel prices fell 11.9 per cent during the month following lower oil prices and the impact of reduced fuel excise measures.

While petrol prices don't solve Australia's affordability challenges, they are one of the most visible and immediate costs for consumers. Falling fuel costs feed through the economy quickly, helping ease pressure on household budgets and business operating expenses.

The ABS data also showed headline inflation is now sitting at its lowest annual level in several months, reinforcing the broader trend that price growth is gradually moderating.

That trend is important because it aligns with what many economists and lenders have been saying for the last month.

Prior to this week's inflation data, ANZ, NAB and Commonwealth Bank had all shifted their forecasts, now believing the Reserve Bank had likely reached the peak of the interest rate cycle. Following the May inflation release, ANZ reaffirmed that view.

In its latest economic update, ANZ said it expects quarterly trimmed mean inflation to come in at 3.7 per cent for the June quarter, slightly below the Reserve Bank's forecast of 3.8 per cent. Importantly, the bank said that outcome, when combined with slowing economic activity, "supports our view that the cash rate has peaked".

The Reserve Bank has spent the better part of three years attempting to bring inflation under control through higher interest rates. If Australia's major banks are correct and rates have now peaked, the conversation shifts from how much higher rates could go to when they might begin coming down.

Westpac's caution comes from underlying inflation. The trimmed mean, the measure most closely watched by the Reserve Bank, increased from 3.4 per cent to 3.6 per cent annually. Housing inflation remains elevated at 6.5 per cent, reflecting ongoing increases in rents, electricity costs and new dwelling construction.

Electricity prices remain particularly problematic, rising 21.1 per cent over the past year following the removal of government rebates.

Housing construction costs are also showing signs of renewed pressure. ANZ noted new dwelling costs rose 0.9 per cent in May and are now running at an annualised pace of 8.6 per cent over the past three months. Builders continue to face higher labour, fuel and material costs, a reminder that inflationary pressures have not completely disappeared.

Housing affordability has deteriorated largely because of higher interest rates rather than higher property prices alone. Even modest reductions in mortgage rates would improve borrowing capacity, increase buyer confidence and reduce repayment pressure on existing homeowners.

While August is far from a certainty, the latest inflation result has strengthened the view that the next move in rates is more likely to be down than up. For borrowers, buyers and the development sector, that alone represents a significant shift from the conversation that dominated much of the past two years.

Joel Robinson

The inflation result the property market was waiting for

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

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

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

Central Element seeks second Drummoyne apartment development

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

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

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

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Is new supply of apartment catching up with demand?
Decline in unit values was the most marked price trend in May, according to CoreLogic RP Data.
There was a 2.8% decline in May for Sydney apartments to a $648,000 median and a 2.5% decline for Melbourne apartments to a $480,000 median.
Melbourne house values are now 9.8% higher over the year compared with a 2.9% rise in unit values.
Every other capital city is seeing a similar, though not as marked, trend with the capital gain for houses recorded at a higher rate compared with the unit market.
“The higher supply levels are likely to be a primary reason why unit values are rising at a much slower pace than house values in Sydney and Melbourne," according to CoreLogic RP Data head of research, Tim Lawless.
"The pace of growth in unit values across Sydney is about half that being recorded across the detached housing sector, with house values up 16.4% (to $880,000) over the year compared with an 8.8% rise in unit values.” Melbourne house median sits at $620,200.
Overall dwelling price growth stalled in May with national dwelling values down 0.9% over the month, Tim Lawless said.
But the weaker reading across the May results is likely to be short-lived, he says, noting the May indices results marked the three year anniversary for the current growth cycle which commenced at the end of May 2012.
Since that time, Mr Lawless noted that capital city dwelling values have increased by 24.2% with Sydney values rising a significant 39.3 per cent since values bottomed out in May 2012.
Melbourne dwelling values have seen the second highest rate of growth over the current cycle, increasing by 22.4% while in Darwin, values are 18.3% higher.
Perth values are up 13.2% followed by Brisbane at 10.6%, Adelaide at 9.9%, Canberra with a growth rate of 8.3% over the cycle, and Hobart where values are 7.7% higher over the cycle to date.
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Highlights over the three months to May 2015
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<li>Best performing capital city: Sydney +3.3% </li>
<li>Weakest performing capital city: Hobart -0.9% </li>
<li>Highest rental yields: Darwin houses with gross rental yield of 5.6% and Darwin Units at 5.8%</li>
<li>Lowest rental yields: Melbourne houses with gross rental yield of 3.2% and Melbourne units at 4.3%</li>
<li>Most expensive city: Sydney with a median dwelling price of $752,000</li>
<li>Most affordable city: Hobart with a median dwelling price of $328,000</li>
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Capital city rental yields remained steady over the month with the typical capital city rental dwelling attracting a gross yield of 3.7%, however yields have compressed substantially over the growth cycle to date.
“Over the past three years, dwelling values have risen more than three times as fast as rents," Tim Lawless said.
"Dwelling values are 24.2%higher across the combined capitals over the past three years while weekly rents have risen by only 7.2%.
"The net result is that gross rental yields have been compressed from 4.3% back in 2012 to the current average gross yield of 3.7% across the combined capital city index,” he said.
Rental yields are currently the lowest in Melbourne - a typical house is returning a gross yield of 3.2% while units are providing a higher gross yield, averaging 4.3%. Sydney follows closely behind, recording a gross yield of 3.4% for houses and 4.5% for units.
“If the current trend continues, it won’t be long before Sydney overtakes Melbourne as the lowest yielding city," Tim Lawless said.
"Sydney yields have slipped by 41 basis points over the past twelve months compared with Melbourne where the gross rental yield is 22 basis points lower.”
“Clearly, investors are not bothered by the low rental yields that are currently available with housing finance data showing investors comprise a record 51 of the value of new home loan originations, “ Mr Lawless said.
 
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Apartment price decline May's most marked trend: CoreLogic RP Data

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A BMW i3, the emission-free electric car, will be included in the first five apartment sales through RT Edgar at One Irving Road, Toorak.
Their garages will accommodate wiring for electric car chargers and will also include carbon dioxide monitoring systems.
The 18 apartment development offers four levels of two, three and four-bedroom apartments, and spaces for one, two, or three cars, with adjacent store rooms.
<a href="https://www.oneirvingroad.com.au" target="_blank">One Irving Road</a> has city views, private gardens, balconies, dual lifts, keyless access systems and open gas fireplaces.
Prices for the apartments range from $1.55 million to $4.25 million in the contemporary four level building comprising 16 expansive single level apartments and two magnificent penthouses each with city skyline view, vista or leafy surrounds.
RT Edgar is making the offer in partnership with BMW Melbourne offering the first 5 purchasers at a free BMW i3 including the 15 amp i Wall box charging station.
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The BMW inclusion is to show their commitment to sustainable urban design in the premium development of 18 seven-star energy-rated apartments. 
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BMW i3 included in One Irving Road, Toorak sustainable project apartment sales

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Wanganui, the grand Longueville trophy home residence, sold hours before today's scheduled auction for close to $6.5 million.
The home with its blue turret sold for the first time in 57 years - bought by architect David Reuben Lennon in 1958 for £13,500.
Set on a 2087 square metre holding at<a href="https://www.realestate.com.au/property-house-nsw-longueville-119650891"> </a>58 Lucretia Avenue, the 1893 Wanganui had a price guide of $6.5 million plus with just a slither of land tracking down to the water.
Its blue corner turret with an ogee cupola was its defining feature, built in 1893 by architect C J Ross.
While its much needed renovation dampened any above expectation price escalation, its sale topped off the final weekend of a stellar Autumn auction season.
APM reported the preliminary weekend clearance rate as 87.4% in a fillip on the recent fortnight. 
Northing under 80% for almost all of the autumn selling season. Last weekend's revised success rate was 83.4%.
"The Sydney home auction market entered May in record breaking form and recorded an astonishing 89.2 percent clearance rate on May 9," APM senior economist Dr Andrew Wilson said.
"It appeared just a matter of time before a 90 percent plus weekend result was recorded. 
"But this has not eventuated – so far – with the market weakening over the past fortnight," he said before today's results.
The weekend Sydney was scheduled to host nearly 850 auctions, well ahead of the 750 auctioned last weekend but below the 907 auctioned over the same weekend last year. 
The weekend’s stronger auction numbers reflects some sellers avoiding the Queen’s Birthday holiday next weekend.
Mosman, Cronulla and Pymble were the most popular suburbs for auctions in Sydney with 10 each followed by Strathfield, Hurstville, Epping and Wahroonga with nine each and Baulkham Hills, Chatswood, Menai, Earlwood and Annandale each with eight auctions scheduled.
Sydney’s inner west hosted the most number of auctions with 129 listed followed by the upper north shore with 124, the south 123, the city and east 95, the lower north 81, Canterbury Bankstown 62, the west 60, the south west 55, the northern beaches 44, the north west 42, the central coast 18 and the Blue Mountains with just the one auction scheduled.
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<td id="rpMostExpensive_tdMostExpensiveCity_0" align="left">Sydney</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_0" colspan="2">52 Edgecliffe Esp, Seaforth NSW 2092, 5 br House, RW Lower North Shore</td>
<td id="rpMostExpensive_tdMostExpensiveSold_0">$4,425,000</td>
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<td id="rpMostExpensive_tdMostExpensiveCity_1" align="left">Melbourne</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_1" colspan="2">36 Wentworth Av, Canterbury VIC 3126, 4 br House, Jellis Craig Hawthorn</td>
<td id="rpMostExpensive_tdMostExpensiveSold_1">$3,950,000</td>
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<td id="rpMostExpensive_tdMostExpensiveCity_2" align="left">Adelaide</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_2" colspan="2">13 Ormonde Av, Millswood SA 5034, 4 br House, Ouwens Casserly</td>
<td id="rpMostExpensive_tdMostExpensiveSold_2">$925,000</td>
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<td id="rpMostExpensive_tdMostExpensiveCity_3" align="left">Brisbane</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_3" colspan="2">19 Eskgrove St, East Brisbane QLD 4169, 3 br House, RW Ascot</td>
<td id="rpMostExpensive_tdMostExpensiveSold_3">$1,700,000</td>
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<td id="rpMostExpensive_tdMostExpensiveCity_4" align="left">Canberra</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_4" colspan="2">9 Geerilong Gdns, Reid ACT 2612, 3 br House, Peter Blackshaw Manuka Pty Ltd</td>
<td id="rpMostExpensive_tdMostExpensiveSold_4">$1,800,000</td>
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<td id="rpMostAffordable_tdMostAffordableCity_0" align="left">Sydney</td>
<td id="rpMostAffordable_tdMostAffordableLocation_0" colspan="2">39/103-111 Longfield St, Cabramatta NSW 2166, 3 br Unit, R&amp;W - Cabramatta</td>
<td id="rpMostAffordable_tdMostAffordableSold_0">$125,000</td>
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<td id="rpMostAffordable_tdMostAffordableCity_1" align="left">Melbourne</td>
<td id="rpMostAffordable_tdMostAffordableLocation_1" colspan="2">3/6 Hatfield Ct, West Footscray VIC 3012, 1 br House, Sweeney Footscray</td>
<td id="rpMostAffordable_tdMostAffordableSold_1">$220,000</td>
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<td id="rpMostAffordable_tdMostAffordableCity_2" align="left">Adelaide</td>
<td id="rpMostAffordable_tdMostAffordableLocation_2" colspan="2">5 Glyde St, Albert Park SA 5014, 2 br House, Harris Real Estate - Glenelg</td>
<td id="rpMostAffordable_tdMostAffordableSold_2">$390,000</td>
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<td id="rpMostAffordable_tdMostAffordableCity_3" align="left">Brisbane</td>
<td id="rpMostAffordable_tdMostAffordableLocation_3" colspan="2">57 Australia 11 Drive, Kensington Grove QLD 4341, 3 br House, ELD Laidley</td>
<td id="rpMostAffordable_tdMostAffordableSold_3">$185,000</td>
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<td id="rpMostAffordable_tdMostAffordableCity_4" align="left">Canberra</td>
<td id="rpMostAffordable_tdMostAffordableLocation_4" colspan="2">3/39 Bywaters St, Amaroo ACT 2914, 3 br Townhouse, Luton Properties - Gungahlin</td>
<td id="rpMostAffordable_tdMostAffordableSold_4">$430,000</td>
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Longueville turret trophy home sale signals brightening end to Sydney's autumn auction season

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A clearance rate of 82 per cent was recorded across Melbourne to round out Autumn auctions on an improving success rate.
The weekend results compared to 80 per cent last weekend and 71 per cent the same weekend last year.
There were 1035 auctions reported to the REIV, including the mid-week auction of a <a href="https://www.realestateview.com.au/Real-Estate/3-miller-street-brighton/Property-Details-buy-residential-8728236" target="_blank">Brighton beachfront</a> at $8.04 million.
The auction sales totalled $790 million.
It had been offered with $6 million plus price guidance through RT Edgar on Brighton's true Golden Mile. The two-storey three bedroom brick residence has marble fireplaces, polished boards and stained glass panels on its 683 square metre block.
<a href="https://www.realestate.com.au/photogallery_new.ds?id=119665007&amp;theme=rea.buy" rel="photos" data-id="119665007"><img src="https://i3.au.reastatic.net/800x600/f70d3dea46c3780973c3a0719397b325547664954d8499ebe8b87cec9d0ea844/main.jpg" alt="3 Miller Street, Brighton" title="3 Miller Street, Brighton" data-index="0"></a> 
It was marketed as an "opportunity of owning one of Brighton's fifty-one beachfront properties." After 46 years ownership, it was secured by a New York based expat who beat five other bidders to purchase the knockdown property.  
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<div id="link-photo"><a class="photobox cboxElement" href="https://www.realestateview.com.au/portal/viewphotos?OID=8728236&amp;popup=photos&amp;photo=3" title="3 Miller Street Brighton VIC 3186 House - Photo 3"><img src="https://images.realestateview.com.au/pics/236/3-Miller-Street-Brighton-VIC-3186-Real-Estate-photo-3-large-8728236.jpg" alt="3 Miller Street Brighton VIC 3186 Real Estate Photo 3" title="3 Miller Street Brighton VIC 3186 House - Photo 3"></a></div>
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The REIV was expecting about 1,240 auctions across 277 suburbs through the weekend.
Houses were stronger sellers than apartments, with 84% selling compared to 78% of apartments.
Houses sold at a $924,250 median, with $590,000 for the unit median, according to Enzo Raimondo, the REIV chief.
The busiest auction locations were Reservoir and Camberwell with 20 auctions followed by Brighton with 14 auctions.
REIV TOP 5 HOUSES
1. 3 Miller Street, Brighton $8,040,000 2. 36 Wentworth Avenue, Canterbury $3,950,000 3. 6 York Street, St Kilda West $3,500,000 4. 24 Northcote Road, Armadale $3,000,000 5. 3 Percy Street, Balwyn $2,950,000 
REIV TOP 5 BARGAIN HOUSES 1. 11 Allawah Court, Hoppers Crossing $290,000 2. 4 Currawong Street, Mornington $300,000 3. 11 Mica Court, Kings Park $314,000 4. 50 Learmonth Crescent, Sunshine West $326,000 5. 2 Silverton Court, Craigieburn $330,000
REIV TOP 5 APARTMENTS 1. 10B Roselyn Crescent, Bentleigh East $1,420,000 2. 4/31 Cookson Street, Camberwell $1,340,000 3. 5A/9 Beach Street, Port Melbourne $1,230,000 4. 22 Stillman Street, Richmond $1,221,000 5. 2/45 Park Street, South Yarra $1,200,000 
REIV TOP 5 BARGAIN APARTMENTS 1. 3/6 Hatfield Court, West Footscray $220,000 2. 4/230 Ascot Vale Road, Ascot Vale $236,000 3. 2/5-7 Princes Street, Abbotsford $270,000 4. 3/24 Methven Avenue, South Morang $272,500 5. 11/69-71 Delhi Court, Travancore $285,000
Source <a href="https://www.reiv.com.au/Property-Research" target="_blank">REIV</a>
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$8 million Brighton beachfront sale rounds out Melbourne's ascending autumn auctions

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The latest result for the HIA New Home Sales Report, a survey of Australia’s largest volume builders, reveals a fourth consecutive monthly rise.
"New homes sales have increased in each of the first four months of 2015," commented HIA chief economist, Harley Dale to reach their highest since at least 2010 as falling mortgage rates and the lure of rising house values drove demand. 
But the 0.6% April rise was the slowest growth pace of the four months, comprising 0.4% for detached house sales and 0.9% for multi-unit sales.
In April 2015 private detached house sales increased by 7.2% in New South Wales, by 2.7% in Victoria, and by 0.9% in Western Australia. 
Private detached house sales dropped by 9.0% in Queensland and were down by 1.9% in South Australia.
 
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Source: HIA New Home Sales Report
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NSW strongest in HIA new home sales April boost

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CoreLogic RP Data have looked at the most affordable regional suburbs for units in Australia.
1) <a href="/news">Manunda</a>, Cairns, Far North QLD
2) <a href="/news">Mildura</a>, Mildura, Mallee, VIC
3) <a href="/news">Cairns North</a>, Cairns, Far North, QLD
4) <a href="/news">Merimbula</a>, Bega Valley, South Eastern, NSW
5) <a href="/news">Port Douglas</a>, Douglas, Far North, QLD
6) <a href="/news">Trinity Beach</a>, Cairns, Far North, QLD
7) <a href="/news">Warrnambool</a>, Western District, VIC
8) <a href="/news">Tuncurry</a>, Great Lakes, Hunter, NSW
9) <a href="/news">Coffs Harbour,</a> Mid-North Coast, NSW
10) <a href="/news">Port Macquarie</a>, Port Macquarie-Hastings, Mid-North Coast, NSW
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FNQ heads cheapest units in the regions: CoreLogic RP Data

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GUEST OBSERVER 
The outer west remains one of Melbourne’s most affordable pockets to buy property. And with interest rates at record lows, we have seen many buyers dip their toes into the market this autumn.
The reduction of the cash rate by the Reserve Bank often impacts the price-sensitive segments of the market, and this has certainly been the case in Melbourne’s west.
While renting has traditionally been the norm in Melton, residents are now considering entering the market for the first time. The median house price across Melbourne sits at $688,000, but in Melton you can still get a three bedroom family home for a median house price of <a href="https://www.hockingstuart.com.au/recentlysold/26_BARRIES_ROAD_MELTON_VIC_3337_SOLD" target="_blank">$226,000</a>.
As such, young families and couples renting a large family home are realising mortgage repayments in the current economic climate is similar to that of weekly rental payments.
That’s why this quarter we’ve seen a flurry of activity from the younger, family orientated segment of the market who now realise that the Great Australian Dream might actually be in reach.
The affordability factor is no doubt drawing people from greater Melbourne to the outer west. In fact, <a href="https://www.melton.vic.gov.au/Council/About_the_City/Demographics/Growth_Statistics" target="_blank">City of Melton statistics</a> show that between 2001 and 2014 the estimated residential population of Melton more than doubled, and in 2013, the region had the fifth fastest population growth in Victoria (4.3%).
Population projections also indicate that Melton’s population will be more than 315,908 by 2036, which is almost the size of our nation’s capital Canberra. If Melbourne’s house prices grow as much as they did in the first quarter of this year (11.1%), then we expect to see a rise in demand for the outer suburbs where buyers can have space and value for money.
Another drawcard for families relocating to the west is the vast improvements to amenities and infrastructure in the area. For instance, the Council of Melton has recently completed new state of the art five-green-star accredited library and learning facility, as well as the Taylors Hill Youth and Community Centre.
The likes of Palmerston Street, Brooklyn road and Greigs Road are also undergoing refurbishments to ease traffic in the area. The countless number of amenities and infrastructure improvements make Melton a more desirable place for families to live in. 
The perfect combination of population growth, improvements to infrastructure, good borrowing conditions, low vacancy rates and low median house prices have also attracted savvy investors to Melton. Vacancy rates are notably low in Melton – sitting around 2.2%.
Investors therefore are privy to a low risk investment with low upfront capital. And if the rental returns are good enough, some can even positively gear their investment.
The Reserve Bank just cut interest rates to a record low of two per cent, and this will continue to drive interest into the outer west from first home buyers and young families. We will even start to see the dial quickly shift from renters to buyers in suburbs like Melton as these savvy buyers realise the benefits the area brings.
Julian Conte is director of hockingstuart Melton. He can be contacted <a href="https://www.hockingstuart.com.au/?pagecall=staffMember&amp;staffID=96340" target="_blank">here</a>.
 
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Affordability is driving a strong property market in Melbourne’s outer west: hockingstuart Melton

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Last weekend 29 Terry Street, the so-called Surry Hills skinny terrace sold under the hammer for $965,000 to a Chinese investor.
Now neighbouring <a href="https://www.realestate.com.au/property-house-nsw-surry+hills-119927281" target="_blank">31 Terry Street</a> has been listed trying to match or better that result.
It too is a two-storey terrace with a 2.85 metre width, a land size of 38 square metres and an internal size of 48 square metres.
Listing agent, Wiseberry’s David Cradock said next door was a good benchmark.
<img src="https://i1.au.reastatic.net/456x342/064206b001dd0322a8fb230c511e2e8bcd16d25733aea7e1a3870626ccd0824b/main.jpg" alt="31 Terry Street, Surry Hills" title="31 Terry Street, Surry Hills" data-index="0">
The terrace was last sold in 2001 for $299,000. In January 2013, the home had a weekly asking rental price of $460.
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Skinny Home II - narrow neighbouring Surry Hills terrace to test market

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Despite the portrayal of Mount Druitt on the recent SBS series Struggle Street, agent Leon Buttigieg of The Professionals has secured a $1 million sale.
The four-bedroom split level home at 38 Paull Street was sold on the same day as its first open house last weekend.
<a href="https://www.realestate.com.au/property-house-nsw-mount+druitt-119653463" target="_blank">The home has four levels</a> on its 1012 square metre block.
 “It probably is close to a record if it isn’t a record for a residence. You get sales in excess but they are for development projects,” Mr Hansen told News Ltd.
“The story of this is to not tar everyone with the same Struggle Street brush,” he said.
The median house price in <a href="/news">Mt Druitt is $500,000</a>, according to RP Data, an increase of 19% on the previous year and a five-year increase of 58%. 
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Mt Druitt's $1 million residential snappy sale

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A very striking new project, Cirqua - with eye popping circular windows - has had 12 sales in the past fortnight at Ivanhoe East.
Designed by Simon Knott of BKK Architecture, Cirqua is situated at 206 Lower Heidelberg Road.
<a href="https://www.cirquaivanhoe.com.au/" target="_blank">It comprises 44 bespoke apartments</a> - one, two and three bedrooms.
Buyers are being offered individually articulated interior floor plans by the developer, Jim Fagan of Cubik who is collaborating with Martin Adams.
"We wanted to have an inherent sense of architectural beauty about it,” he said.
Circular motifs are used throughout the interiors, from a circular vanity mirror to circular mosaics that grace the bathroom tiles.
"The 20th century Arts &amp; Craft movement conceived homes as part of a total ensemble that also included not only the architecture, but also the garden," he added.
ABC’s Gardening Australia presenter, John Patrick advised on the surrounding landscape and private courtyards with native plants and trees.
Some courtyards will be as large as 100 square metres.
The Cirqua display suite is situated at 204-206 Lower Heidelberg Road. 
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