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;

Joel Robinson

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

<a href="https://www.apartments.com.au/developers/mrcb">MRCB International</a> has commenced construction on its latest Gold Coast apartment development, Maris, on the site of the former Sundale Motel in Southport.

The start of construction by <a href="https://www.apartments.com.au/builders/binah-constructions">Binah</a> follows an exceptionally strong sales campaign, with more than 90 per cent of apartments sold since launch. Every purchaser has been local, an&nbsp;indicator of confidence in both the development and Southport's evolution into a thriving CBD.

<a href="https://www.apartments.com.au/new-apartments/maris-southport-20-queen-street-southport-qld-4215">Maris</a> will deliver 192 residences across 20 levels. The project forms part of MRCB's Australian and New Zealand development pipeline now exceeding $1.6 billion in gross development value, alongside a growing portfolio of projects globally.

[smartcode_project:default project_id=134403 project_image_fid=350663]

The company also commenced construction on its $600 million 26 Vista residences in Surfers Paradise last year, following strong sales momentum, with over 70 per cent of residences sold.

Maris has been designed to meet evolving buyer demand, offering architecturally designed layouts suited to long-term liveability. The approach reflects a growing preference for quality and adaptability among Gold Coast buyers.

Positioned next to the Broadwater in the <a href="https://www.apartments.com.au/developments/southport-qld-4215">Southport</a> CBD, Maris sits directly opposite the Broadwater Parklands light rail station and within easy reach of retail, dining and lifestyle precincts, placing residents at the centre of one of the Gold Coast's most connected and rapidly maturing urban centres.

[smartcode_project:default project_id=134403 project_image_fid=372756]

Maris will offer a full suite of resort-style residential amenities, including a pool, gym and sauna, along with a rooftop level featuring decks, lounges and dining and yoga areas that command sweeping views across the Broadwater and out to the ocean.

Binah, a New South Wales headquartered company co-founded by Amen Zoabi and Khalil Hafza in 2008, has expressed its excitement at establishing its first partnership with MRCB.

Binah's Managing Director Khalil Hafza said partnering with MRCB on Maris is a significant moment for Binah.

"MRCB's financial strength and a track record that speaks for itself give this project a solid foundation, and this marks the beginning of what will be a long and successful relationship.

"With the right people, systems and partnerships behind it, Maris is set to become a significant addition to the Gold Coast's premium residential market."

[smartcode_project:default project_id=134403 project_image_fid=350664]

MRCB International CEO Ravi Krishnan said the project's progression to construction reflects both sustained demand and tightening conditions across the apartment sector, as well as MRCB's continued confidence in the Gold Coast market.

"Commencing construction at Maris is a significant step and reflects the depth of demand for quality apartments in well-connected urban locations," said Krishnan.

"Across Southeast Queensland, new apartment supply remains constrained, particularly in established precincts with infrastructure and amenity already in place. Projects like Maris are increasingly critical in meeting that demand, especially on the Gold Coast and in the city's CBD precinct."

[smartcode_project:default project_id=134403 project_image_fid=372761]

Krishnan said Southport's ongoing transformation, supported by infrastructure investment and long-term planning, was underpinning renewed buyer confidence.

"We're seeing a clear shift back towards well-located urban centres where infrastructure, connectivity and amenity are already established," said Mr Krishnan. "Southport is evolving into a more mature CBD environment, and that is being reflected in buyer behaviour."

Construction at Maris is anticipated to be completed in 2029.

[smartcode_project_cta:default project_id=134403]

Construction commences on MRCB’s $200m Maris Residences in Southport

Moonee Valley Park’s latest residential release <a href="https://www.apartments.com.au/new-apartments/the-eveline-at-moonee-valley-park-moonee-ponds-100-thomas-street-moonee-ponds-vic-3039">The Eveline</a>, has achieved a new benchmark for off-the-plan apartment sales in the suburb, with the sale of The Alexandra penthouse selling for $5,435,000.

Positioned on the top floor of a 16-level residential building, the three-bedroom, three and-a-half-bathroom penthouse features uninterrupted city skyline views across the future Valley racetrack.&nbsp;

The landmark sale comes as momentum at the precinct continues to build, with the Moonee Valley Racing Club progressing works on its new racetrack ahead of the 2027 Cox Plate. The transformative development will see MVRC reimagine the beloved Valley as a vibrant year-round entertainment and lifestyle destination.

Alongside a world-class racing experience, the historic precinct will be activated with events, hospitality and public green spaces designed to attract broader audiences, while breathing new life into one of Melbourne’s most iconic destinations.&nbsp;

[smartcode_project:default project_id=142519 project_image_fid=372786]

Development partners <a href="https://www.apartments.com.au/developers/hamton">Hamton Property Group</a> and Hostplus have delivered five residential stages over the past four years, the most recent in November 2025 with Trackside House and Stonepine House. The flourishing community is now home to almost 500 families.&nbsp;

The latest residential release, The Eveline, has recorded strong demand since launching publicly last July, securing more than $200 million in sales to date, satisfying its pre sales hurdle for construction to commence.&nbsp;

Hamton Founder and Executive Chairman, Paul Hameister OAM said, the sales&nbsp;team have been overwhelmed by demand for these unique homes in this unique project.

"Buyers continue to be predominantly hyperlocal and attracted by the 40 hectare botanic masterplan in Melbourne’s inner north west," Hameister said.

[smartcode_project:default project_id=142519 project_image_fid=372788]

Hamton’s Sales and Marketing Director Fergus Humphries said the team has achieved more than 70 sales over the past eight weeks, including the penthouse purchase by a local buyer.

"These results reinforce that, even in a challenging market, purchasers continue to be drawn to quality projects that offer more than just a home, they offer a lifestyle.”

Designed by Cera Stribley, the penthouse has been created with entertaining in mind, spanning close to 400 sqm of indoor and outdoor living space, including multiple terraces designed to capture sweeping views across Melbourne’s skyline, the new Valley racecourse and sunset views over Moonee Ponds.

Moonee Valley Park is one of Melbourne’s largest urban renewal projects, transforming the iconic racecourse site into a vibrant mixed-use neighbourhood integrating homes, parklands, retail, racing and community amenities.

[smartcode_project_cta:default project_id=142519]

Moonee Valley Park penthouse sets suburb record as sales surge clears construction benchmark

A company linked to one of Australia's largest privately owned cattle businesses has lodged plans for a new residential tower in <a href="https://www.apartments.com.au/developments/newstead-qld-4006">Newstead</a>, continuing the rapid transformation of one of Brisbane's most sought-after, inner-city precincts.

Bottletree Holdings, an entity associated with Stanbroke Managing Director Brendan Menegazzo, has submitted a development application for a 28-storey mixed-use tower at <a href="https://www.apartments.com.au/new-apartments/9-longland-street-newstead-qld-4006">9 Longland Street</a>, a site that made headlines last year when it changed hands in an off-market transaction that reportedly set a benchmark land rate for the suburb.

The proposal would replace an existing two-storey commercial building on the 1,510 sqm corner site with a Bureau Proberts-designed tower comprising 76 apartments, ground-floor retail, office space and a suite of resident wellness amenities.

<img alt="9 Longland" data-entity-type="file" data-entity-uuid="c710a836-568e-4382-bc91-3c34b8e80a8b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.41.45%E2%80%AFAM.png?VersionId=Vy.mQWBc7GA_a.vIBdxKqRC9XGjWalo2" />

According to planning documents lodged with Brisbane City Council, the development would comprise a mix of 36 two-bedroom apartments, 24 three-bedroom apartments and 16 four-bedroom residences, positioning the project firmly at the premium end of the market. The apartments would sit above a podium containing retail and commercial space, with three levels of communal recreation facilities spread throughout the tower. The proposal also includes 198 car spaces and 95 bicycle spaces.

Bureau Proberts has drawn heavily on Newstead's industrial heritage in developing the architectural response.

"Occupying a prominent corner in the heart of Newstead, the proposal draws from the area's industrial lineage of robust brick warehouses to deliver a distinctly contemporary response," the architects said in the design statement.

"It is conceived as a subtropical sanctuary and elevated private retreat embedded within one of Brisbane's most vibrant lifestyle precincts."

The design seeks to reinterpret the traditional Queensland vernacular through wraparound verandahs, deep shading elements and permeable facades that respond to Brisbane's subtropical climate.

<img alt="9 Longland" data-entity-type="file" data-entity-uuid="25524f59-395c-4825-8fad-9b639822fa8a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.42.09%E2%80%AFAM.png?VersionId=dlWlbpCc_g3Y6yTLGqRVKvGJvO2ubMJ3" />

Planning documents describe the building as embodying the principles of "buildings that breathe", a design approach increasingly favoured in Brisbane's apartment market as developers focus on natural ventilation and outdoor living spaces.

The tower itself would rise above a heavily landscaped podium designed to reference the woolstore architecture that helped define Newstead and neighbouring Teneriffe for generations. At ground level, fine-grain retail tenancies would activate Longland Street, Wyandra Street and the existing Wyatt Street laneway, further extending the pedestrian network that has become a hallmark of the Gasworks precinct.

The application notes that more than 54 per cent of the site would be dedicated to landscaping and deep planting, while approximately 1,750 sqm of communal recreation space would be delivered across multiple levels.

<img alt="Planning" data-entity-type="file" data-entity-uuid="fed3b189-1054-4b68-af5f-b0befc4a66e5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.42.19%E2%80%AFAM.png?VersionId=gqeE3cjsbnLAfeTUKA1HtPZfqDs6S4Xa" />

Bottletree paid $22 million for the 1,510 sqm development site, equating to more than $14,500 per sqm, a reflection of the strong demand for development opportunities in Newstead. The suburb continues to attract both developers and buyers, underpinned by the ongoing evolution of the Gasworks and Teneriffe precincts into some of Brisbane's most sought-after lifestyle destinations.

Brisbane City Council's Sustainable Growth Strategy and Inner City Strategy both identify Newstead as a priority growth precinct capable of accommodating additional housing density due to its proximity to employment hubs, public transport and lifestyle infrastructure.

The proposed tower joins a growing pipeline of high-end apartment developments in the suburb. Fortis recently launched <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a>, a 65-apartment owner-occupier-focused development on Kyabra Street, while Consolidated Properties Group is preparing to launch <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a 227-apartment waterfront project on Skyring Terrace.

Meanwhile, builder-developer BPG is planning its own Newstead project on Maud Street, comprising just over 100 apartments and more than 1,380 sqm of dedicated wellness and resident amenity spaces, further highlighting the shift towards lifestyle-driven apartment developments in Brisbane's inner-city market.

Newstead apartment boom continues with Longland Street tower plans

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

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Melbourne's Dockland topped the week's top sales, according to CoreLogic RP Data.
<a href="https://www.realestateview.com.au/Real-Estate/70-southwharf-drive-docklands/Property-Details-buy-residential-8403032" target="_blank">It was a townhouse</a> that fetched $6.1 million.
The five bedroom South Wharf Drive property located at the end of a row on the Yarra's Edge has four levels.
City Residential Real Estate Docklands agent Glenn Donnelly had it for sale at $6.4 million since late February.
It last traded at $6.65 million in June 2011 off the plan setting in August 2012.
It was available for rent in early 2014 at $2400 a week by its Mulgrave investor.
The weekend's top 10 sales:
<ol>
<li>70 South Wharf Drive, Docklands, VIC, 3008, five-bedroom house, sold on April 1 by City Residential Real Estate Docklands for $6.1 million</li>
<li>8 St Georges Crescent, Ashburton, VIC, 3147, six-bedroom house, sold on March 31 by Hocking Stuart Glen Iris/R T Edgar Toorak for $5.8 million</li>
<li>12 Kenneth Street, Tamarama, NSW, 2026, three-bedroom house, sold on March 31 by McGrath Estate Agents for $4.005 million</li>
<li>40 Cowles Road, Mosman, NSW, 2088, four-bedroom house, sold prior to auction on March 31 by Richardson &amp; Wrench Mosman Neutral Bay for $3.125 million</li>
<li>212 Terry Street, Connells Point, NSW, 2221, five-bedroom house, sold on April 2 by Ramsey Property Kyle Bay for $3.1 million</li>
<li>23 Grove Street, Unley Park, SA, 5061, four-bedroom house, sold on March 31 by Cocksauld Real Estate Unley for $2.95 million</li>
<li>47 Surrey Street, Darlinghurst, NSW, 2010, five-bedroom house, sold at auction on March 31 by Bresicwhitney Darlinghurst for $2.95 million</li>
<li>69 Bungan Head Road, Newport, NSW, 2106, four-bedroom house, sold on April 1 by L J Hooker Mona Vale for $2.85 million</li>
<li>50 Gordon Street, Paddington, NSW, 2021, four-bedroom house, sold at auction on March 31 by Di Jones Real Estate Woollahra for $2.7 million</li>
<li>2 Avalon Street, Turramurra, NSW, 2074, five-bedroom house, sold on April 2 by L J Hooker Wahroonga for $2.62 million</li>
</ol>
Source: CoreLogic RP Data
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jchancellor-FAypfDUnLy

Melbourne Docklands townhouse tops week's sales with $6.1 million price

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The Royal Children’s Hospital secured $646,000 after Henley and Villawood Properties offered an auction property proceeds towards the hospital’s Good Friday Appeal.
The property property was at Villawood Properties’ Trillium community in Mickleham.
There was spirited bidding for the award winning Henley Sahara Belle Q1 home at the no reserve auction where all proceeds were donated to the hospital.  A range of suppliers, including Austral Bricks, Hisense, Deckable Decking, All Green Nursery all donated their services or materials towards the home.
Villawood Properties executive director Rory Costelloe said he was absolutely thrilled with the result.
"It’s the culmination of a great collective effort and to see the home bought by a lovely couple, who already live in one of our communities and are set to start their family makes it even more gratifying.” 
The winning bidders were Sila and Martha Mataia, who are residents of another Villawood Properties community, Aspire in Plumpton.
They are awaiting the birth of their first child.
As in previous years, Villawood Properties donated a block of land with Henley building a brand new home.
Henley’s 22 years of involvement with the Good Friday Appeal has seen around $12 million raised for The Royal Children’s hospital, said Nicole Nightingale, Henley philanthropy manager.
It was a four bedroom, three bathroom house set on a 448 square metre plot in Villawood Property's <a href="https://trillium.villawoodproperties.com.au/" target="_blank" style="line-height: 1.3em;">Trillium development at Mickleham</a>, in Melbourne's north.
The double storey house has five living areas and opens through timber stacking doors to an outdoor entertaining space with merbau decking.
The kitchen includes a walk-in butler's pantry and a 900mm cooktop, twin wall ovens and a built in coffee machine, as well as a dishwasher. It also includes Caesarstone benchtops, as do the bathrooms and en suite.
The home was marketed by Alex Kundevski and Troy Apostolopoulos of Oliver Hume. 
The <a href="https://www.henley.com.au/new-home-collections/clendonvale/sahara-series/belle-q1" target="_blank">Sahara Belle Q1</a> house usually costs $297,900 (not including land). The Trillium development is located 32 kilometres north of the Melbourne CBD, just north of Craigieburn. Last year, <a href="/news/henley-and-villawood-team-up-again-for-good-friday-appeal-children-s-charity-house-auction-offering">Henley and Villawood raised $717,000</a> for the Good Friday Appeal when they auctioned off a house in the Aspire community in Plumpton. 
This Easter marks the Good Friday Appeal's 85th year of contribution to the Royal Children's Hospital.
{qtube vid:=TJa72CWPayY}
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Henley and Villawood combine again in Royal Children's Hospital Good Friday charity auction generosity 

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A three-level warehouse residential conversion at 118 Victoria Street, Brunswick East, has been listed with expectations above $850,000.
The open-air home comes with two bedrooms, industrial concrete floors, trussed ceilings, and infinity edge pool.
<a href="https://www.jelliscraig.com.au/property-details-118-Victoria-Street-Brunswick-East/218699#.VRMrFDpMIzU" target="_blank">Jellis Craig agent Craig Shearn</a> has scheduled the auction for 11 April.
It last sold at $614,000 in 2006 when Craig Shearn was quoting $500,000 to $550,000.
It had been the Youngs Motor Product premises.
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Brunswick East warehouse conversion for April auction

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Yesterday the Australian Bureau of Statistics (ABS) released building approvals data for February 2015. 
After a record high monthly number of dwelling approvals in January 2015 approval numbers could not quite be matched in February although they remain at near-record highs.
<img class="aligncenter size-full wp-image-4464" src="https://blog.corelogic.com.au/wp-content/uploads/2015/04/Chart-1.jpg" alt="Chart 1" width="500" height="159">
Over the month there were 18,768 dwelling approvals, down from 19,397 in January. Although approvals fell by -3.2% over the month, the number of approvals in February was still the second highest monthly figure on record. The number of approvals has increased by 14.3% over the past twelve months highlighting that there is a clear boom in approvals which sit at highs never before seen. 
Given that housing supply has been insufficient for the past decade this is a welcome development, especially considering the strong multiplier effect of higher rates of construction on the Australian economy. Over the past 12 months there have been a record high 205,929 dwellings approved for construction.
<img class="aligncenter size-full wp-image-4465" src="https://blog.corelogic.com.au/wp-content/uploads/2015/04/Chart-2.jpg" alt="Chart 2" width="500" height="158">
Looking at a breakdown between houses and units, the data shows that over the month there were 9,613 houses and 9,155 units approved for construction. House approvals were 0.2% higher over the month while the more lumpy unit approvals recorded a -6.6% monthly fall. 
Year-on-year, house approvals are unchanged while unit approvals have increased by 34.5%. With such a higher rate of growth in new apartment approvals, is clear that the new unit segment of the market is booming at the moment. Over the 12 months to February 2015 there were 114,747 house approvals and 91,183 unit approvals. 
While house approvals were a long way from their record high annual approvals of 140,832, unit approvals currently sit at an all-time high.
<img class="aligncenter size-full wp-image-4466" src="https://blog.corelogic.com.au/wp-content/uploads/2015/04/Chart-3.jpg" alt="Chart 3" width="500" height="159">
Looking at the capital city data it becomes further evident that new unit construction is booming, particularly across the east coast capital cities, despite a sharp rise in house approvals in February. Over the month, capital city house approvals increased by 26.6% and capital city unit approvals rose by 11.5%. 
The year-on-year figures show the trend towards unit approvals with house approvals increasing by 3.5% compared to a 43.0% jump in unit approvals.
<img class="aligncenter size-full wp-image-4467" src="https://blog.corelogic.com.au/wp-content/uploads/2015/04/Chart-4.jpg" alt="Chart 4" width="500" height="159">
Over the 12 months to February 2015 there were a record-high 153,303 capital city dwelling approvals. Dwelling approvals have increased by 13.0% over the year. Over the past year there were a record high number of dwelling approvals in Sydney (39,802), Melbourne (51,037) and Brisbane (23,303).
 Approvals were below their record highs but still hefty in Adelaide (8,990), Perth (26,942), Hobart (981), Darwin (1,820) and Canberra (3,428). Note that despite Sydney being our most populous city and arguably having the greatest under-supply of housing and increases in home values, the number of approvals was much lower compared with Melbourne.
<img class="aligncenter size-full wp-image-4468" src="https://blog.corelogic.com.au/wp-content/uploads/2015/04/Chart-5.jpg" alt="Chart 5" width="500" height="159">
Focussing on the detached housing market there were 75,597 capital city house approvals over the year to February 2015 which is 14.6% higher than the previous year. Across the individual cities, there were 13,503 approvals in Sydney, 22,530 approvals in Melbourne, 10,671 in Brisbane, 5,755 in Adelaide, 19,891 in Perth, 887 in Hobart, 795 in Darwin and 1,565 in Canberra. Note that Melbourne house approvals were almost double that in Sydney and Perth was also significantly higher. Over the year, the change in house approvals has been recorded at: 17.5% in Sydney, 15.5% in Melbourne, 31.4% in Brisbane, 4.0% in Adelaide, 8.8% in Perth, 50.1% in Hobart, 5.4% in Darwin and -5.1% in Canberra.
<img class="aligncenter size-full wp-image-4469" src="https://blog.corelogic.com.au/wp-content/uploads/2015/04/Chart-6.jpg" alt="Chart 6" width="500" height="159">
Across the unit market there were 80,706 capital city approvals over the past year accounting for 51.6% of all capital city dwelling approvals and a record-high annual number. Unit approvals in Melbourne (28,507) and Brisbane (12,632) were at historic high levels over the year while Sydney and Perth were also close to a record high with 26,299 and 7,051 unit approvals respectively.
Elsewhere there were 3,235 unit approvals in Adelaide, 94 in Hobart, 1,025 in Darwin and 1,863 in Canberra. Unit approvals were higher over the year in Sydney (1.7%), Melbourne (27.4%), Brisbane (12.3%), Adelaide (25.8%), Perth (21.7%) and Darwin (4.9%) but fell in Hobart (-47.8%) and Canberra (-45.2%).
Unit approvals accounted for more than half of all approvals in Sydney (66.1%), Melbourne (55.9%), Brisbane (54.2%), Darwin (56.3%) and Canberra (54.3%). Sydney, Darwin and Canberra have approved more units than houses for many years however, in Melbourne and Brisbane this is a relatively new phenomena. 
With unit approvals at all-time highs in both Melbourne and Brisbane we have some concerns around exactly who is going to buy all this stock. Of course demand for inner city units is growing however supply can quickly turn to a glut if there is too much development. 
Rental growth is already slow in both cities and given units tend to be favoured by investors there are some concerns about a potential glut of this stock in Melbourne and Brisbane. It should be noted that just because a dwelling is approved doesn’t necessarily mean it will be constructed and there are generally many more hurdles in order to deliver high-rise units. 
Record high unit approvals with record low interest rates are likely to create some risks, most notably a risk of oversupply of inner city units in Melbourne and Brisbane where the level of new construction is unprecedented. 
Further down the track as interest rates rise and capital growth slows there are some concerns that the heightened level of investor activity in the Sydney and Melbourne unit markets may result in value falls if and when these investors exit to asset classes enjoying a superior performance. Particularly considering that rental returns for Sydney and Melbourne units are at near record lows and rental growth is moderate. 
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ckusher-ujnxiKuFQs

Dwelling approvals dip (but only slightly) in February: Cameron Kusher

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Do the economists and journalists who attribute Sydney’s busy market to low interest rates ever wonder why other cities aren’t pumping?
Are record low interest rates a secret known only to Sydney residents?
It brings to mind a talk I witnessed two to three years ago by Craig James from CommSec. He commented that economists with skinny knowledge used China as their fallback explanation of everything, when all else failed. Exports are rising? It’s China. The dollar’s high? China. WA’s booming? China. Real estate is strong? China.
He was only half joking.
And currently it’s no joke that economists who understand nothing about residential real estate will use interest rates as their catch-all rationale for elevated activity in Sydney’s market.
The Australian this week was the latest media outlet to fall into the trap with its headline “Rate cut driving home price surge: analysts”.
The article was written by a journalist whose knowledge of real estate markets could be written on the back of a postage stamp in crayon. The headline writer knew even less. And the analysts quoted in the article knew the least of all.
It’s just too easy, almost flippant, to dismiss Sydney’s heightened activity as a factor of low interest rates.
As an explanation, it’s plain wrong.
We’ve had low, low interest rates for a long time now. Yet in the past 12 months, dwelling values have fallen (marginally) in three of our capital cities. Three others have grown less than 3% in annual terms. Another has managed a 5% rise in values. Only Sydney is writing boom numbers.
Why are record low interest rates not stimulating markets around the nation? Why do we not have conditions replicating those from 2001 to 2003, when every capital city delivered double-digit growth for at least two consecutive years?
For the benefit of the uneducated, including the economists, let me translate. It’s nothing to do with interest rates.
A clue to the rise of Sydney markets was contained in the events of last weekend. No, not the auction results. I refer to the election results.
The NSW government last weekend became the first incumbent in years to survive an election with a clear majority. Every other state or federal government has been mercilessly dumped, including Queensland Premier Campbell Newman who managed to squander the greatest landslide majority in the history of politics, or (in the case of the South Australian government) ended up with a hung parliament.
The NSW government was returned because it was judged to be a competent administrator of the state’s finances and fortunes.
The NSW economy – and the Sydney property market – started to turn around when the current Liberal administration won office four years ago.
It defeated the ALP government which, after 16 years in power had become arrogant, complacent, corrupt and downright incompetent. It was undoubtedly the worst government I’ve seen anywhere. Under that appalling regime with its revolving door premiership, nothing was being generated in NSW other than negative headlines. No infrastructure was being built and the economy had stagnated.
Four years ago Adelaide had more infrastructure under development than did Sydney.
With the change in government in 2011, NSW came off life support. It began to recover and then to thrive. Today it has the number one economy in the nation, according to CommSec’s State of the States report. Sydney is alive with massive infrastructure projects, with more in the planning pipeline.
Nothing drives residential property markets like infrastructure spending. The North-West Rail Link, the South-West Rail Link, the NorthConnex Motorway, the M4 upgrade, various major hospital expansions - plus early moves for the Badgerys Creek airport, the WestConnex motorway, the M9 Orbital, the light rail project and others – are front and centre in the revitalisation of Sydney’s economy and property markets.
Many tens of billions of dollars in investment is percolating through the Sydney economy, creating business activity and jobs at a rate not seen in NSW for a decade.
Before all this happened, Sydney was the great under-achiever of Australian real estate. Even with the growth of the past two years, Sydney still has one of the lowest 10-year growth averages among the state and territory capital cities.
Essentially, Sydney has been playing catch-up with long-term growth leaders like Perth, Darwin and Melbourne – and that’s been a significant catalyst to Sydney’s growth.
But, if you heed the nation’s chattering economists, none of that matters. It’s all about interest rates.
TERRY RYDER is the founder of <a href="https://hotspotting.com.au/" target="_blank">hotspotting.com.au</a>. You can <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email him</a> or follow him on <a href="https://www.twitter.com/hotspotting" target="_blank">Twitter</a>. 
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terryryder-YECXbqmri2

Sydney's price boom isn't about interest rates: Terry Ryder

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Sydney's home prices increased by 3% over March, according to the latest CoreLogic RP Data Home Value Index.
Meanwhile, price growth was sluggish in the other capital cities, with all others except Canberra recording price growth under 1% for the month. Brisbane saw a slight decline in prices, with an 0.3% decline over March.
<img src="/images/2015/04/01/core-april-1-one.jpg" alt="">
Source: CoreLogic RP Data
The result makes Sydney yet again the best performing capital city for the quarter, with overall price growth of 5.8% over the three months to March. Melbourne recorded the next strongest quarterly price growth, with 3.5%.
Sydney's bullish market performance is in contrast to Perth's result. In the Western Australian capital, prices declined by 2.7% over the quarter, the largest price drop of any capital city for the period. Adelaide and Brisbane prices also decreased over the three months, by 0.9% and 0.5% respectively.
<img src="/images/2015/04/01/core-april-1-two.jpg" alt="" style="font-size: 12.1599998474121px; line-height: 15.8079996109009px;">
Source: CoreLogic RP Data
Sydney's price growth of 13.9% for the year to march was responsible for dragging up CoreLogic RP Data's annual combined capital growth figure to 7.4%, with Melbourne, Brisbane, Adelaide and Canberra the only other capital cities to record positive price movements. CoreLogic RP Data's head of research Tim Lawless said the majority of property price growth recorded since June 2012 has been from Sydney.
"Over the current growth phase, Sydney dwelling values have increased by 38.8% with Melbourne second strongest at 23.6%," said Lawless.
"On the other hand, total dwelling value growth over the current cycle has been less than 10% in Adelaide, Hobart and Canberra."
He noted the combined capital city home value increase of 3% over the March 2015 quarter was lower than the 3.5% growth recorded in the same period last year.
<img src="/images/2015/04/01/core-april-1-three.jpg" alt="">
Source: CoreLogic RP Data
CoreLogic RP Data described Sydney's growth trend as "disengaged" from Australia's other capital city markets, noting that Sydney auction clearance rates have exceeded 80% since the Reserve Bank cut interest rates in February this year.
"Since the previous rate cut we have seen auction clearance rates surge higher and activity across CoreLogic mortgage platforms has moved to new record levels," said Lawless.
He attributed Sydney's strong market performance to investment demand. However, he also cautioned Sydney investors.
"With the growth curve in Sydney now well advanced and rental yields approaching historically low levels, prospective investors may be wise to use some caution when considering their investment options," he said.
"When the Sydney housing market starts to lose momentum, there is some risk that recent investors could be left holding a very expensive but low yielding asset with a lower than expected rate of capital gain over the coming years.
"From there it will be interesting to see if they bide their time in the housing market or exit to other asset classes with a stronger return profile."
The median price of a Sydney home now sits at $690,000, with a median priced house costing $781,000. Sydney's median unit price is $600,000.
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jrichardson-uRX5hFdKfN

The nation's property markets divided as Perth goes backwards and Sydney gets a "second wind": CoreLogic RP Data

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GUEST OBSERVATION
Each year, in the weeks leading up to the Easter long weekend, the number of new listings coming onto the market often slows down.
This year has been no exception, with the number of residential properties being added to the market beginning to fall on a week by week basis.
Across the combined capital cities, the number of new listings coming onto the market over the four weeks ending 22 March was -1.6% lower when compared to the previous rolling four week period and over the week ending 29 March, new listings were a further -4.0% lower.
Click charts to open in new window:
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/03/Table1.jpghttps://blog.corelogic.com.au/wp-content/uploads/2015/03/Table1.jpg" target="_blank"><img class="alignnone size-full wp-image-4458" src="https://blog.corelogic.com.au/wp-content/uploads/2015/03/Table1.jpg" alt="Table" width="1185" height="269"></a>
There were 27,238 new capital city properties advertised for sale over the four weeks ending 29 March 2015, -13.3% lower than at the same time last year, however overall stock levels (103,022) across the combined capital cities are just -3.9% lower than they were at the same time last year.
Perth (20,409 compared to 17,406), Darwin (1,452 compared to 1,091) and Canberra (2,344 compared to 1,911) are all recording higher total stock levels than they were at the same time last year, however the number of new listings for each market is lagging behind when compared to the same four week period one year ago which, as mentioned previously, is likely to be attributed to the seasonal slow-down leading up to the Easter long weekend.
Across Sydney, the total number of listings over the most recent four week period was recorded at 19,047, down -16.2% when compared to the 22,723 properties available for sale at the same time last year and new listings being added to the Sydney market are currently -20.9% lower than at the same time last year. In Melbourne, total listings are -10.4% lower, -6.0% lower in Hobart, -4.2% lower in Adelaide, while total listings are just -1.5% lower than over the same four week period last year in Brisbane.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/03/CombinedCapitalGraph.jpg" target="_blank"><img class="alignnone size-full wp-image-4459" src="https://blog.corelogic.com.au/wp-content/uploads/2015/03/CombinedCapitalGraph.jpg" alt="CombinedCapitalGraph" width="1272" height="483"></a>
One interesting thing to take note of is that currently the number of total listings across Perth is higher than the number of listings that CoreLogic RP Data is tracking across the Sydney market. This has generally been the trend since the beginning of the year and it is the first time in the history of tracking listings (since 2007) that Perth has had a higher number of properties listed for sale than Sydney.
This indicates that stock turnover across Sydney is outpacing the number of new homes coming to the market and can likely be attributed to the strong performance across the residential housing market over the past year. Similarly, Perth’s residential market has shown a slow-down in transactions and value growth since the end of 2013 resulting in less of the listings stock being absorbed.
On a national level, over the 28 days ending 22 March 2015, there were 45,039 new residential properties advertised for sale, bringing the total number of houses, units and vacant land properties available for sale across Australia up to 246,708.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/03/NationalGraph.jpg" target="_blank"><img class="alignnone size-full wp-image-4457" src="https://blog.corelogic.com.au/wp-content/uploads/2015/03/NationalGraph.jpg" alt="NationalGraph" width="1267" height="488"></a>
 Shana Miller is a research analyst at <a href="https://www.myrp.com.au/" target="_blank" rel="nofollow">CoreLogic RP Data</a>.
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smiller-vwPjRHTkST

Listings slow down in the lead up to the Easter long weekend: Shana Miller

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Work has begun on the $970 million Jewel development by China's Dalian Wanda Group and Ridong Group.
Queensland Deputy Premier and Minister for Infrastructure Jackie Trad launched construction on the three-tower mixed use development at Broadbeach at a ceremony yesterday.
The three-tower joint venture will comprise 500 apartments, 171 hotel rooms and retailers.
Dalian Wanda group chairman Wang Jianlin is reportedly China's richest man. His estimated $290 million capital injection into Jewel is part of his <a href="/expert-insights/buying/after-cup-of-tea-for-pm-abbott-wang-jianlin-commits-to-jewel-surfers-paradise-development">$1.7 billion investment commitment</a> to the Australian real estate sector. Dalian Wanda Group's involvement in the development began in August 2014.
Ridong bought the 1.13 hectare site on Old Burleigh Road in 2010 for $81.8 million. Four buildings – two houses, a low-rise apartment block and a 14-level building of holiday units – have been cleared to make way for the development.
The development will have 130 metres of absolute beach frontage. Andrew Bampton, director of sales and marketing Wanda Ridong (Gold Coast) said the site was "one of the most lucrative hot spots for capital growth in the coming years".
Figures from CoreLogic RP Data <a href="/news">show a slight recovery in median prices</a> for Broadbeach units over the past year, following a steep price descent over 2013 from a peak of $525,000 to a trough of $412,250 in early 2014. "Jewel will be the most significant development on the Gold Coast since the GFC, and the first true beach-front residential resort in more than 30 years. This investment is a $1billion vote of confidence in the City of the Gold Coast and in Queensland," said Brampton.
State Minister for Tourism Kate Jones and Gold Coast Mayor Tom Tate also attended yesterday's turning the sod ceremony.
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Construction begins at Gold Coast's Wanda Ridong Jewel

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Without a shadow of a doubt the most asked question in Sydney real estate circles at the moment is – do you try and buy now or wait for ‘that’ market correction?
The simple answer is ‘that’ market correction may be years off, with some niche markets in all probability not even facing a correction. The key factor is the rate of growth over a twelve month period although I must admit some areas are posting capital growth gains that will almost certainly end in pain and significant losses.
I was looking at some CoreLogic RP Data statistics during the week and I found some niche markets are simply defying logic. In NSW Keiraville is presently sitting on 49.49% growth, Seven Hills 46.84% and Hay on 45.45%. In Victoria Portland is running at 47.54% and Caulfield East 45.57%. In South Australia, Wayville at 47.25%, Clayton Bay 45.40% and Paringa 45.24% – that is scary data that strengthens my argument that we should have postcode cash rates in Australia.
Overall there are two market demographics that are driving the Sydney real estate markets at above the acceptable speed limit. The first are the property investors who thus far have been 100% accurate with their market assessment given they have been driving the market now solidly for over three years. Given the Australian bond rates look to be sitting below 3% for the next decade or two, they have been very shrewd to target property and of course the benefits of negative gearing.
When negative gearing was introduced in July 1985 by the Hawke/Keating government the architects would never have calculated the affects it would have in the market when you have a cash rate at 2.25% and going lower. Only when the Liberal and Labor parties agree that they will support a bipartisan inquiry into negative gearing will we see a slowing down of the property investor tsunami.
Not all real estate markets are being drawn in the current whirlpool of real estate euphoria. When I look at the number of houses for sale in Mosman this week we see 69 homes. Twelve months ago there were 93, twenty four months ago there were 93 and forty eight months ago there were 141. So what we are seeing is reduced stock in many suburbs given vendors are simply not that interested in selling given the preference is to pay down debt which is directly attributed to the Global Financial Crisis.
A dominant player in the market today (and growing) is that of the overseas buyer and let’s be honest the government regulators have completely lost control and have absolutely no idea how strong this buyer demographic is or has been. When the Chairman of the Foreign Investment Review Board (FIRB) Brian Wilson openly admits that “The ATO is better set up for coordinating a big data approach than Treasury, which is a policy body.” We then begin to realise that the FIRB has lost this battle and the white flag has now been well and truly raised.
Naturally these comments were ignored by the Treasurer Joe Hockey and mainstream media which I find simply amazing.
<a href="https://www.therealestateconversation.com.au/news/2015/03/20/why-australia/1426842000#.VQ-irH5zm3M.linkedin" target="_blank" title="Why, Australia? ">Why, Australia?</a> Grainne Gilmore, head of residential research UK at Knight Frank, told The Real Estate Conversation:
“Over the past decade, Australia was positioned fourth in terms of countries with the greatest foreign inflows of High Net Worth Individuals (HNWI) with a gain of 22,000, which represents 14% of Australia’s total HNWI population.
"In 2014, there were 1,734 Ultra High Net Worth Individuals (UHNWI) living in Australia who had a net worth of over US$30 million.
"Sydney accommodates half of these individuals, with Melbourne (26%), Perth (15%) and Brisbane (14%) taking up the balance."
So no matter what happens to property prices in Sydney there will always be greater demand than supply given there is a fast growing line of buyers from China wanting to buy Australian real estate. Although don’t expect to hear any debate on this topic given it’s deemed ‘politically incorrect’.
Although in this day and age the groundswell is started by outside forces given this really is the only way to make politicians accountable for their inactions.
As for the cash rate there is no point in predicting where it will be at the next meeting rather where it will be in a decade’s time given we now know that Australia Treasury bonds won’t be going anywhere until 2030. Unfortunately the same can’t be said for property prices where in 2035 it’s too scary to even contemplate and I’m not talking down.
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robertsimeon-hRNTwJyXkQ

 Australia has quite scary emerging and submerging property markets: Robert Simeon

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The house of owner-occupier Paul McMillan has sold for $6.6 million.
The seven bedroom, seven bathroom house at 117 Commodore Drive in Paradise Waters was listed with a $7 million price guide.
Set on a 939 square metre plot, the house was designed by the Dubai-based hotel architect after he and his wife Aliya purchased the site for $960,000 in 1999.
The <a href="https://www.goldcoastbulletin.com.au/news/multimillion-dollar-home-of-architect-hits-the-market-in-surfers-paradise/story-fnj94j0t-1226820807683" target="_blank">Gold Coast Bulletin</a> reported that the couple bought the plot two weeks after spotting it on a family holiday.
The four-storey house has a five-car basement garage with a separate workshop, a gymnasium and a 500-bottle wine cellar. It also includes an 18 metre lap pool, limestone-floored living areas, and gas fireplaces. On the top floor, there is a lounge and deck, a steam room, a massage room and an office.
McMillan, based in Dubai, has worked on projects for international hotel developer Starwood, including the $600 million St Regis Saadiyat Island Resort in Abu Dhabi.
117 Commodore Drive's $6.6 million price makes it the second most expensive home to sell this week, according to CoreLogic RP Data.
Topping this week's sales was the <a href="/news/does-taynishs-sale-signal-the-wakening-of-the-bellevue-hill-giant">$8.15 million Taynish</a>, at 18 Victoria Road in Bellevue Hill.
CoreLogic RP Data's top 10 most expensive sales for the week ending 29 March:
<ol>
<li>
18 Victoria Road, Bellevue Hill, NSW 6 bed, 4 bath, 5 car house $8,150,000 Richardson &amp; Wrench Double Bay 
</li>
<li>
117 Commodore Drive, Surfers Paradise, Qld 7 bed, 7 bath, 5 car house $6,600,000 McGrath Estate Agents 
</li>
<li>
4 Appian Way, Burwood, NSW 6 bed, 4 bath, 4 car house $4,725,000 Richardson &amp; Wrench Strathfield 
</li>
<li>
1 Manor Street, Brighton, Vic 4 bed, 2 bath, 10 car house $4,725,000 Nick Johnstone Real Estate 
</li>
<li>
34 Medusa Street, Mosman, NSW 5 bed, 5 bath, 2 car house $4,150,000 Century 21 Mosman 
</li>
<li>
52 Baringa Road, Northbridge, NSW 5 bed, 3 bath, 2 car house $3,770,000 McGrath Estate Agents 
</li>
<li>
191 Gore Street, Fitzroy, Vic 3 bed, 2 bath, 1 car house $3,580,000 Nelson Alexander Fitzroy 
</li>
<li>
41 Tower Road, Balwyn North, Vic 5 bed, 4 bath, 2 car house $3,450,000 Marshall White Hawthorn 
</li>
<li>
6 Woolwich Road, Hunters Hill, NSW 5 bed, 3 bath, 2 car house $3,450,000 McGrath Estate Agents 
</li>
<li>
 117 Commodore Drive in Paradise Waters 4 bed, 2 bath, 2 car house $3,450,000 Jellis Craig Hawthorn</li>
</ol>
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