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

<html><body>
While 2014 saw house prices in Australia's capital cities continue to increase, rents lagged behind.
According to CoreLogic RP Data's latest Rental Report, house rents across the capital cities increased by just 1.2% over the year, with the median rent stagnating at $430 per week in the final quarter.
The slowing rental market was also reflected in the performance of rental units last quarter. The median asking price of capital city units, like houses, <a href="/expert-insights/investing/unit-performance-weak-as-rental-growth-slows-to-decade-low">saw no growth over the three months</a> to December.
Australia-wide, the median weekly advertised rent for a house is now $400.
Of all the capital cities, Hobart saw the greatest rental growth for houses. Asking rents were up 5.4% for the quarter, to $343. The median figure is still the lowest of any capital city.
This two bedroom house in Sandy Bay is currently advertised to rent at $340 per week.
<img src="/images/2015/01/12/3-13-A-Dalkeith-Court-Sandy-Bay-TAS-7005-Real-Estate-photo-1-large-8062562.jpg" alt="">
<a href="https://www.realestateview.com.au/rental-properties/3-13-a-dalkeith-court-sandy-bay/Property-Details-rent-residential-8062562" target="_blank">3/13 Dalkeith Court</a> (pictured above) was purchased for $432,000 in October last year. If the owners secure a tenant at $340 per week, it will be rented at a yield of 4.1%. CoreLogic RP Data's Rental Report notes that Hobart's rental performance in the past 12 months has been significantly stronger than its five-year average growth.
Brisbane had the second highest increase for the December quarter, with rents for houses up 2.5% to a median of $410. Adelaide house rents increased 1.4% to $350 and Canberra's median increased 1.1% to $475, though rents were down 5% on a yearly basis.
The median asking rent for a house in Sydney is now $525, after 1% quarterly growth.
Sydney's house rents remain the most expensive in the country. For the city's median asking rent, a renter might secure a home like the one pictured below.
 <img src="/images/2015/01/12/118-Silver-Street-St-Peters-NSW-2044-Real-Estate-photo-1-large-7932640.jpg" alt="">
The three bedroom house in St Peters (pictured above) is currently advertised at $520 per week. <a href="https://www.realestateview.com.au/rental-properties/118-silver-street-st-peters/Property-Details-rent-residential-7932640" target="_blank">118 Silver Street</a> has long been used as a rental property, with its current advertised rent down from the heady peak of $900 per week in November 2012 (adjusted to $850 per week six months later).
In 2008, it was advertised for $350 per week. At its current asking rent of $520 per week, the house offers a potential yield of 11.9% – the current owners purchased the home for $227,000 in October 1992.
While asking rents for houses in Melbourne remained unchanged for the final quarter of 2014, Perth and Darwin saw declines. The median rent for house in Darwin decreased 0.8% in the quarter, but the city's houses remain the most expensive to rent in Australia, with a median of $645.
Perth's housing market took the greatest hit in the quarter, dropping 2.2% to a median of $450. The city's rental market was the weakest of the capitals across 2014, with asking rents for houses down 6.3% in 2014.
The Bayswater house pictured below is advertised at $450 per week.
 <img src="/images/2015/01/12/3570771-01.jpg" alt="">
The owner paid $420,000 for <a href="https://www.realestateview.com.au/rental-properties/25-farley-way-bayswater/Property-Details-rent-residential-8161062" target="_blank">25 Farley Way</a> (pictured above) in 2009. If they secure a tenant at $450 per week, the home will be yielding 5.6%.
CoreLogic RP Data noted that over 2014, rental growth was at the lowest level recorded in more than a decade.
To see CoreLogic RP Data's summary of the capital city house rental markets, click below.
<hr class="system-pagebreak">
CoreLogic RP Data's capital city house market summaries for the 2014 December quarter:
Sydney
<img src="/images/2015/01/12/Picture%2036.png" alt="">
Melbourne
<img src="/images/2015/01/12/Picture%2037.png" alt="">
Brisbane
 <img src="/images/2015/01/12/Picture%2038.png" alt="">
Adelaide
 <img src="/images/2015/01/12/Picture%2039.png" alt="">
Perth
 <img src="/images/2015/01/12/Picture%2040.png" alt="">
Darwin
 <img src="/images/2015/01/12/Picture%2041.png" alt="">
Canberra
<img src="/images/2015/01/12/Picture%2042.png" alt="">
Hobart/Tasmania
 <img src="/images/2015/01/12/Picture%2043.png" alt="">
Source: CoreLogic RP Data's quarterly Rental Report, December 2014.
</body></html>

jrichardson-uRX5hFdKfN

House rents vary across the capitals in slow 2014

<html><body>
GUEST OBSERVATION
Located between the two large urban footprints of Brisbane and Gold Coast, property investors are often attracted to Logan’s low property entry price and higher rental yields. 
Demand for accommodation in Logan has been high based on its average annual population growth rate of 2.3% over the last decade - superior to the Australian average of 1.7%. This trend appears to be holding firm.
<table style="width: 460px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="147">
Population Growth
</td>
<td valign="top" width="131">
2003-2013
</td>
<td valign="top" width="114">
2008-2013
</td>
</tr>
<tr>
<td valign="top" width="147">
 
</td>
<td valign="top" width="131">
(10yrs)
</td>
<td valign="top" width="114">
(Post-GFC)
</td>
</tr>
<tr>
<td valign="top" width="147">
Australia
</td>
<td valign="top" width="131">
1.7%
</td>
<td valign="top" width="114">
1.8%
</td>
</tr>
<tr>
<td valign="top" width="147">
Queensland
</td>
<td valign="top" width="131">
2.4%
</td>
<td valign="top" width="114">
2.1%
</td>
</tr>
<tr>
<td valign="top" width="147">
Logan
</td>
<td valign="top" width="131">
2.3%
</td>
<td valign="top" width="114">
2.2% 
</td>
</tr>
</tbody></table>
<img src="/images/2015/01/12/logan%20jan%2012.jpg" alt="">
Other than a spike in building approvals in 2010-11, Logan’s housing supply has been consistent with population demand.
<a href="https://www.propertyology.com.au/free-reports-articles-archive/" target="_blank">Our research</a> confirms that locations where developers are concentrating most on future supply include Jimboomba, Loganlea, Browns Plains, Waterford, and Beenleigh.
What Logan lacks most is sufficient local jobs. An unemployment rate of 6.4% is significantly above Brisbane’s 5.1%. According to Census data, of the 300,667 population 123,619 are employed although only 72,745 of these jobs are within Logan themselves.
The region’s biggest employment nodes are Springwood and Browns Plains and both catchments battle significant traffic congestion.
A largely blue-collar demographic, Logan’s biggest industries are:
<ul>
<li>Manufacturing ($4.9 billion output per annum),</li>
<li>Rental, hiring and real estate services ($2.4 billion),</li>
<li>Construction ($2.3 billion),</li>
<li>Retail ($1.1 billion), and</li>
<li>Wholesale trade ($1.1 billion).</li>
</ul>
Transport and logistics, food manufacturing, and health care have been described as ‘emerging industries’ although there is very little tangible progress.
While the local government has been gallant in trying to improve its reputation with a ‘City Of Choice’ campaign, it still has a high rate of crime and a distinct lack of attractions.
With the supply-demand equilibrium expected to continue, I believe that Logan will to continue to performer steadily although better investing can be found in select pockets of Brisbane.
Simon Pressley is managing director of <a href="https://www.propertyology.com.au/" target="_blank">Propertyology</a>, a full-time property market analyst, accredited property investment adviser, and Australia’s (REIA) Buyer’s Agent of the Year (2012+2013+2014).
</body></html>

spressley-sBoeMhannA

Is it time for Logan to make its mark?

<html><body>
Rumours of the imminent demise of the residential construction boom were somewhat exaggerated, it seems. Only yesterday morning I mused in the Twittersphere that we would need to see a proverbial "king wave" of building approvals for the month of November to reinstate the data series to a record high...
<img src="https://2.bp.blogspot.com/-eRHnncJlYUw/VK6c4jalVHI/AAAAAAAASW4/Rc1gJIDLC_g/s1600/pete.jpg">
...and, in the event, that's exactly what we got. Buoyed by a sizeable increase in attached dwellings over the past year, a further total of 18,245 <a href="https://www.abs.gov.au/AUSSTATS/abs@.nsf/DetailsPage/8731.0Nov%202014?OpenDocument" target="_blank">building approvals</a> in November took total approvals to the highest annual level on record at 199,173. Over the past year there have been approvals for 113,734 houses (+4%) and 85,439 units and apartments (+18%) representing an excellent supply response to low interest rates and the ensuing increase in dwelling prices. The 18,245 approvals seasonally adjusted in the month of November also smashed the previous two decade old monthly record of 17,745 set way back in August 1994, by more than 3%.
The below chart thus indicates an impressive volume of approvals in the pipeline. With population growth sliding in most states outside New South Wales this generally points towards cooling dwelling price growth in many market sectors as supply steadily comes online. 
<img src="https://2.bp.blogspot.com/-MhBxXFt4g18/VK5xJqYxgII/AAAAAAAASVw/qMPFy9uGRSg/s1600/BA1.jpg">
Let's take a run through the key facts and figures in three short parts, commencing with...
Part one - Australian economy
November 2014 was a monster month for the value of residential building jobs at a seasonally adjusted $5,465 million - this is by a huge margin the greatest monthly figure on record, thereby taking the total value of building jobs to new record heights on an annualised basis.
<img src="https://3.bp.blogspot.com/-dIEWm7ZsazM/VK5xLJsWHFI/AAAAAAAASV8/X9K1KZdNKYc/s1600/BA6.jpg"> 
Victoria has been the kingpin of residential construction for some years now. Yet while this provides some short-term juice for the local economy, an oversupply of apartment stock is nurturing a systemic risk in that market as detailed in part three below.
As <a href="https://petewargent.blogspot.co.uk/2014/11/construction-work-done-sounds-alarm-on" target="_blank">analysed here previously</a> residential construction alone doesn't stand a snowball's chance of successfully offseting the forthcoming declines in mining construction, particularly as "alterations and additions" (major renovations activity) has contributed so little to GDP over the past year, though commercial and infrastructure construction will assist.
The other state which has really embraced a building boom has been New South Wales - but contrary to popular belief the surge in the number of cranes on the Sydney skyline is not leading to an oversupply of residential property.
<img src="https://4.bp.blogspot.com/-tdP6OgG_zPI/VK5xLkYK-kI/AAAAAAAASWI/IszyJS7S8Zk/s1600/BA7.jpg"> 
In fact the enormous boom in building jobs values and construction has to a significant extent been driven by infrastructure and commercial projects.
These include some of those initiated by LendLease (ASX: LLC) such as the gargantuan $6 billion Barangaroo project, of which the enormous office towers "T1, T2 and T3" have been progressing apace since the middle of 2014 (see some of my <a href="https://petewargent.blogspot.co.uk/2014/06/hanging-gardens-of-barangaroo" target="_blank">site photos here</a> among various places on this blog for an idea of the scale).
<img src="https://4.bp.blogspot.com/-f-3HPevuKmU/VK5xMzGRPjI/AAAAAAAASWY/GbYiABmaz2s/s1600/BA8.jpg"> 
Article continues on the next page. Please click below. 
<hr class="system-pagebreak">
Part two- Capital cities
Rather than imbue readers with a chronic case of "chart fatigue" we will omit the state level data today other than to note that Victoria is approving huge volumes of supply, but approvals in New South Wales are now sliding.
Let's skip directly to what is happening at the more interesting capital city level where Greater Melbourne is being joined by Greater Perth in approving the largest number of houses.
 <img src="https://1.bp.blogspot.com/-fMSl5a7IuzE/VK5xNiypVfI/AAAAAAAASWg/uZXBFmckqK4/s1600/ba2.jpg"> 
However it is the supply of inner city apartment stock that holds most intrigue for us in this data series. 
The trend data for Sydney apartment approvals peaked way back in September 2013 and continues to slide on a rolling annual basis - now down to a level at around 24,000 which can be easily absorbed by the growing market demand (population growth in the city could tip in at up to around 90,000 this year). 
Notably some commentators have called an oversupply of residential building in Greater Sydney. I can see why you would think that given the construction that is visibly taking place. 
But much of this is commerical in natue and the numbers tell another story - with the exception of a few small pockets in inner south and inner city suburbs, the market remains tight.
In reality much of desirable inner suburban Sydney has precisely the opposite problem with planning permissions generally difficult to come by and vacancy rates contracting to their <a href="https://petewargent.blogspot.co.uk/2014/12/perfect-storm-for-sydney" target="_blank">lowest level in more than 22 months</a> - since February 2013 - at just 1.5%.
Not only is the new construction not causing an oversupply, in most locations it has barely even begun to address the inherent undersupply.
 <img src="https://1.bp.blogspot.com/-nWgP2Dzi2AY/VK5xN-zJObI/AAAAAAAASWk/pfebfudDE-Y/s1600/ba3.jpg"> 
Greater Brisbane continues to approve a higher number of units and apartments than has been historically typical.
Therefore although we feel that Brisbane is likely to be Australia's best performing property market over the next few years, we would suggest avoiding those inner suburbs where there is a raft of new projects coming online as detailed here previously.
The problem child is Greater Melbourne. The month of November saw an extraordinary pre-election surge of 3,931 attached dwelling approvals (to add to more than 22,000 detached house approvals in the last 12 months).
Despite there already being a glut of apartment stock on the market and elevated vacancy rates, this takes rolling annual attached dwelling approvals to an unprecedented level for Melbourne at more than 25,000, and trending rapidly towards a figure with a "3 handle".
Article continues on the next page. Please click below.
<hr class="system-pagebreak">
Part three - Melbourne going highrise bonkers
The value of approvals in Victoria as charted below - while promising an attractive short-term sugar hit to the local construction economy - also hints at an underlying muddle.
 <img src="https://2.bp.blogspot.com/-nqwGVFyEW6I/VK5xJwi7UaI/AAAAAAAASWE/PpY6yV-ab18/s1600/BA5.jpg">
The number of high rise units continues to break new record levels, largely thanks to the prevailing trend towards constructing towering apartment structures to be exported to offshore investors. 
In localities such as Docklands a high percentage of units are thought to stand vacant as well highlighted at the suburb level in a recent Prosper report entitled Speculative Vacancies in Melbourne 2014.
Drilling into the number of apartments approved by number of storeys below highlights the crux of the issue. More than 3,000 units of four or more storeys were approved in November alone (!) taking the rolling annual total close to 15,000. This is well over double the figures being notched as recently as 2009.
 <img src="https://1.bp.blogspot.com/-DhYEmGMmWq0/VK5xJxa6XRI/AAAAAAAASV0/JPMIZKQo-jQ/s1600/BA4.jpg"> 
Put another way, across the last five years Victoria has approved an extraordinary 62,837 "high rise" (four plus storey) units - well over triple the 18,705 approvals in the preceding five years (New South Wales has been doing something similar in recent years but Sydney is playing catch-up after six years of woeful undersupply).
In short there is clear oversupply of highrise apartments set to land squarely in the city of Melbourne. 
Of course, over the long-term this will easily be absorbed as the city population grows and the largest Australian cities adopt a more Asian city feel and style of high-density living.
Over the short-term, however, this presents a systemic risk and may result in a painful correction in that sector of the market. 
The wrap
From a macroeconomic perspective this was a big result in November both in terms of the number and value of building approvals, which bodes well for this residential construction cycle pushing through until 2017.
At the capital city level apartment approvals have continued to ease back in Greater Sydney meaning that those waiting to see a harbour city oversupply are likely to be disappointed. 
Melbourne, on the other hand, is continuing to wave through high rise approvals at a maniacal rate. This may mask malignant adverse consequences.
Pete Wargent is the co-founder of <a href="https://allenwargent.com/" target="_blank" rel="nofollow">AllenWargent</a> property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank" rel="nofollow">blogger</a>.
His new book '<a href="https://www.bigskypublishing.com.au/Books/General-Interest/Four-Green-Houses--and-a-Red-Hotel/1015/productview.aspx" target="_blank" rel="nofollow">Four Green Houses and a Red Hotel</a>' is out now.
</body></html>

pwargent-M4siyDbqQY

Building approvals hit record high: We need to talk about Melbourne

<html><body>
There is a budget-priced bathing box for sale on the beach at Edithvale on Melbourne's Port Phillip Bay.
It has $50,000 expectations. And just an hour down the peninsula, there is one on offer at $500,000 plus.
There was a recent sale at nearby Aspendale beach at around $135,000, but it was a bigger offering.
<a href="https://www.raywhite.com/vic/edithvale/1230283/" target="_blank">Box 926 on Edithvale beach</a> (pictured above) has been scheduled for auction on 24 January. 
The Ray White Chelsea listing agent Paul Mazur says its price hopes reflect its small size.
The freshly painted beach box comes with double doors and timber decking.
"It has been loved by one family for more than 40 years," Paul Mazur said.
In early 2013 one was for sale located on Dudley Grove, Edithvale –<a href="https://www.realestate.com.au/property-house-vic-edithvale-112446919" target="_blank"> known as boat shed 696</a> – which had hopes of $69,000 selling in April 2013 through Matthew Marshall from Biggin and Scott Aspendale (pictured below).
<img src="/images/2015/01/09/main.jpg" alt="">
Kingston rate payers or Kingston residents only could secure the opportunity.
Edithvale, 28 kilometres south-east of the CBD, has a record $642,500 median house price, <a href="/news">according to CoreLogic RP Data</a>.
The name of Edithvale was adopted from Edithvale Road which was the name of the suburb until 1921.
Bathing boxes are aplenty around Port Phillip Bay from Brighton to Portsea. In January 2011 a Portsea box - marketed as a boat shed - set a record $585,000 when five bidders fought for the property at its RT Edgar auction. 
Later this month there is a Portsea auction of a boat shed – <a href="https://propertyobserver.com.au/finding/location/vic/39101-portsea-boatshed-listed-with-500-000-plus-hopes" target="_blank">number s28</a> – with $500,000 plus hopes.
With sales regularly tipping above $200,000, Brighton bathing boxes too can only sell to ratepayers.
</body></html>

jchancellor-FAypfDUnLy

Budget-priced bathing box listed for summer January 2015 auction

<html><body>
Jubilee, a masterplanned community in Wyndham Vale, Victoria is set to house a 30-home display village, with construction commencing in late 2015.
With designs from a number of builders including Boutique, Burbank, Metricon, Carlisle Homes, Fairhaven Homes, Granvue Homes, Mimosa, Urban Edge Homes, Simonds, Homebuyers Centre and Dennis Family Homes, there will be many options for prospective home buyers in <a href="https://www.myjubilee.com.au">Jubilee</a>.
The display village, some 35 kilometres west of Melbourne, will bring new lifestyle options for residents, according to Homebuyers Centre sales manager Simon Mongan.
“Five years ago the western growth corridor didn’t have the expanse of infrastructure or amenity you see today, and it’s homebuyers who are reaping the benefits,” said Mongan.
“First, second and third homebuyers are finding a better quality of life in the west thanks to the infrastructure and amenity communities such as Jubilee bring.”
Their offerings range from townhouses to large family homes, with blocks and designs to suit first home buyers, downsizers and those looking for extra land for a pool.
“We’re excited to be part of one of the largest master-planned communities in the west; we can see how much thought has gone into the longevity and usability of this new community and can’t wait to see it start to grow,” he said.
Meanwhile, Simonds regional sales manager Darren Brennan pointed to strong infrastructure, amenity and affordability.
“The west holds massive appeal for first homebuyers and downsizers because you just can’t purchase land of this size for a similar price anywhere in Melbourne’s south east or inner-north,” he said.
Within the community, five separate “village nodes” will be created, with an estimated 20,000 residents to live in Jubilee in total. Currently there are a number of proposed schools, employment precincts, shops and recreational reserves. A 6.62 hectare town centre will also be included.
The first two land releases have already been purchased quickly, explained Lotus Living managing director Peter Bozzo.
“Jubilee will be a community like no other; we will be raising the bar for quality urban design for not just in the City of Wyndham but throughout Victoria,” he said.
Above: At Jubilee's launch. Picture supplied.
</body></html>

jduke-EHk3XBmHkn

Wyndham Vale’s Jubilee to see 30-home display village

<html><body>
Ngara, the Kew birthplace of former prime minister Gough Whitlam, should not be saved from the bulldozer, Heritage Victoria has suggested, because Gough Whitlam didn't have a long association with Victoria.
Wreckers began the preliminary demolition of the house last October on the day that Mr Whitlam, Australia's 21st prime minister, died aged 98.
An interim protection order subsequently placed on the Rowland Street house by the Heritage Council expires next month.
The public can make submissions over the fate of Mr Whitlam's birthplace to the Heritage Council until February 16.
Fairfax media reported although the house was one of Mr Whitlam's "few physical links" to Victoria, it was not of state significance because he "had no association with the place during his term as prime minister and did not spend any of his politically formative years at the place".
Boroondara Council wants the house given heritage protection as other homes in Melbourne have been given heritage protection because a prime minister was born in, or lived at, the property including nearby 10 Howard Street in Kew, the former home of Robert Menzies; and 167 Cotham Road in Kew, the former home of Billy Hughes.
The Whitlam house was built in 1915, the block having been bought two months after the wedding of his parents, Fred and Mattie.
At the time of Mr Whitlam's death, Premier Daniel Andrews claimed the former prime minister would not have wanted any money spent on a house he lived in only briefly as a baby.
"I would imagine Gough Whitlam, being the humble man he was, would much prefer the taxpayers' money to be invested in health and education," Andrews said.
Mr Whitlam was born in the house.
In 2013 it was bought for $3.3 million by overseas buyer Youquing Liang, who has sought the demolition.
Ngara, the 1916 birthplace of the late Prime Minister, Gough Whitlam at 46 Rowland Street, was, despite some alterations to the façade, still clearly recognisable as a typical Federation brick villa.
According to his birth announcement, the birth took place at Ngara, Rowland Street, East Kew (<a href="https://www.propertyobserver.com.au/https://trove.nla.gov.au/ndp/del/article/1590998" target="_blank">Argus, 22 Jul 1916: page 13</a>).
The Whitlams sold the family home on Rowland Street in 1917, moved for work to Sydney and Canberra.
Victoria has a number of places individually listed on municipal heritage overlays, as well as the Victorian Heritage Register, because they served as the residence of a prime minister during his time in office.
As Melbourne served as the national capital until 1927, prior to this, all Australian prime ministers had a residence in Melbourne during their time in Parliament. 
<ul>
<li>Boroondara HO315 – 10 Howard Street, Kew. A handsome and intact two-storey house built in 1912. Robert Menzies owned and occupied it 1928-60, encompassing his time as prime minister.</li>
</ul>
<ul>
<li>Boroondara HO285 – 167 Cotham Road, Kew. A single-storey double-fronted Federation-style villa of brick construction, which features a distinctive centrally-placed square porch with Art Nouveau parapeted walls. Intact apart from a rear extension. Built in 1911, it was owned and occupied by Billy Hughes 1915-24, during his time as prime minister.</li>
</ul>
<ul>
<li>Southern Grampians HO375 – “Nareen”, Colraine-Nareen Road, Nareen. A Victorian timber homestead owned by the Fraser family 1946-2000 and closely associated with Malcom Fraser during his time as prime minister in the 1970s. The gardens were developed by Malcolm and his wife Tamie.</li>
</ul>
<ul>
<li>VHR H1126 – “Ballara”, 57-73 Glaneuse Road, Point Lonsdale. An early bungalow built in 1907-08 as a holiday home for then-prime minister Alfred Deakin.</li>
</ul>
<ul>
<li>VHR H1998 – “Bruce Manor”, 34 Pinehill Drive, Frankston. An architect-designed, Mediterranean Revival villa built for Stanley Bruce in 1926, during his time as prime minister. He left Australia in 1932. The house is intact and its design was influential at the time.</li>
</ul>
<ul>
<li>Moreland HO298 – 2 Fallon Street, Brunswick. A typical block-fronted timber house of c1906, with a high level of intact detail. It was rented by John Curtain from 1913-15 during his days as an anti-conscriptionist, prior to his WWII-time term as prime minister. The house is of architectural significance and historic interest only for its ‘brief association’ with John Curtin.</li>
</ul>
{mijopolls 71}
</body></html>

Gough Whitlam's Kew birthplace conservation debate continues

<html><body>
Analysis of the sales last year in Desane Group's Easton, Rozelle project indicated that 31% of the apartments were sold to investors.
The remaining 69% of the apartments sold to owner occupiers.
While 31% is a strong investor presence historically, it is below the current Sydney norm. Perhaps the Easton project is attracting a strong owner occupier interest as its strata will be a pet friendly block.
Some 12% - three - of the total sales were Foreign Investment Review Board approved buyers, all from China.<a href="https://eastonapartments.com.au" target="_blank"></a>
<a href="https://eastonapartments.com.au" target="_blank">The five storey project</a> comprises 11 one bedroom apartments, 16 two bedroom apartments and 2 three bedroom apartments, as well as 3 commercial suites and 45 car parking spaces.
Last June, Desane reported 15 of the 29 residential apartments had sold, with prices ranging from $595,000.
CBRE Residential Projects, headed by Ben Stewart and Caroline Fagerlund, secured the off the plan sales at 47-51 Lilyfield Road. During the later stages of marketing Desane had prices for a one-bed-plus study (72 sq m) at $795,000; the two-bedrooms (86-107 sq m) from $895,000; and the three-bedrooms (116 sq m with a large terrace) from $1,395,000.
Construction for the project is expected to be completed by September this year.
Desane Group has exchanged contracts for 26 of the 29 residential apartments totalling $23.6 million, averaging $12,100 per square metre.
When completed, the project is expected to generate sales of up to $27 million, Phil Montrone, the managing director advised.
Desane Group owns $52 million of properties and other assets.
"Much of the attraction for own occupiers was that the Easton Apartments project was its location in a well established inner Sydney suburb, with the historical Easton Park being just 50 metres to the west, the bus stop to the Sydney CBD, only 100 metres to the east, with the next bus stop being in the CBD," Phil Montrone said.
"The inclusion of the pet friendly provision in the body corporate has also played well with owner occupiers, where the majority of purchasers of the 2-bedroom apartments are aged over 40 and are existing Sydney inner city residents and lower North Shore residents."
</body></html>

31% investors in Desane Group's Easton, Rozelle sales

<html><body>
Mirvac seems to be adding a royal touch to their developments at Yarra's edge, having recently installed a structure on the rooftop of their apartment tower Array.
Next door, the T5 apartment tower is often called the "King" of Yarra's Edge, according to Mirvac group executive residential development John Carfi.
Naturally, this theme has been continued, with Array now featuring a regal sculpture on level 40 - a 65 tonne steel crown, which took 12 weeks and 20 separate modules to install that can be seen from the skyline.
Carfi explained that the vision is to elevate the sight-lines down the busy streets of Melbourne with clever architecture.
"When people peer down Flinders Street they will now see, framed by the city's mix of heritage and contemporary architecture, these two unique buildings crowned in sculptural steel," said Carfi.
Currently, 85% of Array's 203 homes have been sold, with residents to move in during the first half of 2016. It features one, two, three and four bedroom apartments, and includes twin multi-level penthouses.
The East Penthouses has been designed by Megan Hess, using her homewares and artwork. She is best known as the Sex and the City cover designer, the project that launched her career.
"A large proportion of Array purchasers are empty nesters keen to downsize from more demanding properties in the suburbs. Array's location, expansive apartment sizes and diversity of floor plans have been hugely appealing to buyers, with around 60% of purchasers planning to own and occupy," Carfi said.
"This area is forecast to be one of the fastest growing inner-urban areas in Victoria over the next 10 years, and Array purchasers are buying into an exclusive waterside lifestyle in a neighbourhood of award-winning homes with their own full service marina right on their doorstep," he said.
</body></html>

Mirvac waxes lyrical over their 'King' of Yarra's Edge

<html><body>
It’s a new year and unsurprisingly home buyers are gearing up to get back into the market looking for a property to buy.
Here are five tips for all home buyers looking to get on the ladder this year.
Pre-approval
If you’ve stopped looking since the close of 2014 then you may be through, or close to, the end of your pre-approval period (or you may not have obtained one yet). While a pre-approval isn’t the same as an actual loan, it will give you the peace of mind to have a guide to what you can actually borrow.
Here’s a <a href="/expert-insights/finance/a-quick-guide-to-home-loan-pre-approval">quick guide to home loan pre-approval</a>. 
Ensure you can afford the repayments
Getting pre-approval for a loan is one thing, but are you sure you can actually afford to repay the amount required each fortnight or month? It’s critical to go through your finances, especially in the new year when changes may be planned, to consider whether different circumstances may lead to hardship later on. Be honest with yourself about your job plans and general stability. It may be worth practicing putting the money aside for repayments to ensure you have the discipline to pay back the loan.
To prepare yourself for debt, here are <a href="/expert-insights/buying/preparing-yourself-for-debt-10-things-to-do-now-to-make-home-ownership-easier">10 things that you can do to make it easier</a>.
Research
If "research" isn't a message that's drilled into you yet, then you may not quite be ready. Research is important! Understanding what properties are worth in the market you are considering, knowing how to negotiate with private treaty sales or the process for bidding at auction – all of this is critical if you want to purchase well.
You can read here the <a href="/expert-insights/how-we-research-when-property-buying-realestateview-com-au">techniques that other buyers tend to use when researching property</a>.
For those still looking for an area, the Finding section will come in handy.
Due diligence
Many of our <a href="/expert-insights/buying/10-first-time-buyer-mistakes-and-how-to-avoid-them">top 10 first home buyer mistakes and how to avoid them</a> are as a result of being rushed or not understanding what is considered due diligence.
Remember, you want to make sure that you purchase a property with open eyes, aware of the nature of the asset and ready for any necessary improvements.
Usually, there are three main things to consider: ensuring the home is structurally sound, undertaking the correct legal checks on the contract so you know what you’re buying and ensuring that you are able to pay a fair price.
If you’re not sure on what counts as due diligence, here’s <a href="/expert-insights/what-is-due-diligence-investment-terms-explained">a quick two minute explanation</a>.
Know your limitations
Lastly, it’s something many of us are poor at – knowing our limitations. While,  it can be easy enough to determine your financial limitations after speaking to a broker, knowing your personal limitations can be harder.
Will you truly be able to commute that far?
Is renovating the home DIY-style really in your skillset?
Can you really put up with not having a car space?
Ask yourself the often uncomfortable questions to ensure that you’re not convincing yourself into the purchase.
What tips do you have for budding first home buyers?
</body></html>

Five tips for those buying their first home in 2015

<html><body>
Designed by society 1930s architect Marcus Martin, the revamped 3 Marne Street, South Yarra trophy home has been sold.
<a href="https://www.realestateview.com.au/Real-Estate/3-marne-street-south-yarra/Property-Details-buy-residential-6603443" target="_blank">The recently modernised </a><a href="https://www.realestateview.com.au/Real-Estate/3-marne-street-south-yarra/Property-Details-buy-residential-6603443" target="_blank">five bedroom house</a> has five living areas that sit around its portico with pool, which is now outdoors. 
Its initial asking price was $13 million through conjunctional agents Justin Long of Marshall White and Andrew Baines of Kay &amp; Burton, adjusted by mid-2014 to $12.5 million.
No final sale price has been revealed as to what was secured by rag trader Katherine Strover.
Neurosurgeon David Wallace had sold the 962 square metre holding in 2012, having been there since 1977.
Then listed with $8 million plus hopes, it last sold in 2012 for $6.25 million.
</body></html>

Latest Buying Insights

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

Editor's Picks

Developments

New apartments

New townhouses

News

Latest Buying Insights

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

Editor's Picks

Receive the latest news stories to your inbox

Developments

New apartments

New townhouses

News