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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Perth and Darwin’s vacancies continue to increase in an ‘alarming’ fashion, according to SQM Research’s November figures.
The number of vacancies nationally has increased over the month, to 2.2% at 65,777 vacancies, however much of this is seasonal, including due to university students exiting their rental accommodation.
Where many capital cities have remained stable year on year, Perth and Darwin have stood out for their rising vacancy rates. As of November 2013, Perth and Darwin recorded vacancy rates of 1.7% and 1.3% respectively. This year, Perth is now recording a 2.5% rate, with Darwin at 2.8%.
Melbourne has dropped back 0.3% to 2.7%, while Hobart has dropped to 1.1% from 1.4%. Canberra dropped 0.1% to 1.9%.
Brisbane is up 0.1% over the year to 2.4%, while Sydney remains stable at 1.7%.
<a href="https://www.sqmresearch.com.au/" target="_blank">SQM Research</a>’s managing director Louis Christopher puts the falls in Hobart as due to a recovery in the local economy and possibly the tourist industry.
Meanwhile, he suggests that Melbourne’s small decline may be due to a brief slowing in construction activity or surge in population.
“On a year-on-year basis we are seeing rises in Darwin and Perth. The reasons for the rises in Darwin and Perth are pretty clear in the sense that it is related to the ongoing mining downturn, causing a lot of loss of employment, particularly temporary/contract jobs,” Christopher said.
Asking rents in Perth and Darwin are also dropping dramatically. Darwin is down 10.8% in asking rent for houses and a smaller 0.3% drop for units over the year. Perth has seen a 9.5% decline for the asking rent for houses and 9.3% for units.
Current capital city vacancy rates (as of November 2014):
<ul>
<li>
Darwin: 2.8%
</li>
<li>
Melbourne: 2.7%
</li>
<li>
Perth: 2.5%
</li>
<li>
Brisbane: 2.4%
</li>
<li>
Canberra: 1.9%
</li>
<li>
Sydney: 1.7%
</li>
<li>
Adelaide: 1.5%
</li>
<li>
Hobart: 1.1%
</li>
</ul>
Source: SQM Research
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Perth and Darwin's vacancy increases "alarming": SQM Research

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GUEST OBSERVATION
If November trends are anything to judge by, the property markets in Sydney and Melbourne could be in for a shakeup in 2015.
While some reports suggest housing prices show no sign of easing, others have argued that a strong increase in the volume of property listings in November has given buyers more choice and stunted price growth.
If the latter is true, could the power be slowing shifting back into the hands of the buyer? And if so, what does this mean for the overall property market? Has the frequently discussed “property bubble” started to deflate, albeit slightly?
These questions are difficult to answer looking at the sales figures for one month alone, however according to CoreLogic RP Data, auction clearance rates dipped noticeably across the two largest auction markets of Sydney and Melbourne.
Clearance rates are now sitting at around 70% in Sydney, and in the mid-60% range in Melbourne, compared to the beginning of spring when clearance percentages were typically recorded in the high seventies. RP Data also suggested that property prices dipped by 0.3% nationally in November, off the back of a 2.6% drop in Melbourne alone.
Throughout November, our buyers’ agents at Cohen Handler noticed a change in seller behaviour and witnessed some unprecedented examples of the market’s potential shift, with properties being sold below the reserve price or bank valuation.
For example, Cohen Handler recently purchased an apartment in Bellevue Hill in Sydney for $1,285,000. To put this in context, Australian Property Monitors value a property of this size, number of bedrooms, and car spaces at between $1,775,000 and $1.92 million and the vendors initially requested $1.5 million.
For a seller to lower his or her asking price by close to a quarter of a million dollars is not something we have seen in the months leading up to November. This unusual behaviour seems to indicate that buyers are now holding a more substantial amount of power in property negotiation.
With interest rates currently at an all-time low, and negotiating power evidently shifting back into the hands of buyers, those looking to purchase property are better placed than ever before. As ever, it’s difficult to predict the future of the property market with any degree of accuracy, but as we move into 2015, buyers that have done their research are now in a good position to get the most for their dollar. And really, isn’t that what it’s all about?
Ben Handler is the CEO of  buyer’s advocacy group <a href="https://www.cohenhandler.com.au/" target="_blank">Cohen Handler</a>. He is responsible for setting the overall vision, growth and strategy for Cohen Handler.
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BenHandler-oZpEisdU89

The balance of power is shifting back into the hands of buyers

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A new warehouse conversion is set to bring 10 residences to the market in Petersham.
<a href="https://www.theribbonfactory.com.au/" target="_blank">The Ribbon Factory</a>, developed by Orbis and designed by Orbis and Grennan Architecture, is expected to finish in 2016.
The warehouse was constructed in 1910. It was most recently the home of Curry Ribbons, which from 1947 made custom ribbons at the site.
The three level building will comprise six loft apartments and four single level apartments, featuring vaulted ceilings and timber trusses. The oregon trusses, timber joists and ironbark beams are intended to echo the warehouse's heritage.
Bathrooms will feature a combination of gloss subway and hexagonal mosaic tiles and matte grey floor tiles.
The two one level, one bedroom apartments, with 40-54 square metres of internal floor space, will be priced from $550,000. The six one bedroom loft residences start from $620,000, or $695,000 with parking. They have 57-61 square metres of internal space and are all north facing.
The two bedroom apartments, with 83-90 square metres of internal space, are priced from $910,000. Strata levies range from $540 per quarter to $940 per quarter.
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jrichardson-uRX5hFdKfN

Petersham's Ribbon Factory conversion coming to market

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James Packer’s Crown Resorts has paid $50 million for an interest in a development site opposite its Melbourne casino complex.
The joint ­venture will be with the Melbourne property developer Schiavello Group.
The site is four adjoining parcels of land in <a href="https://www.schiavello.com/news/schiavello-crown-resorts-join-forces/" target="_blank">Queensbridge Street, Southbank</a>.
Crown and the Schiavello Group are in the process of negotiating joint venture arrangements and finalising designs to develop and construct a new luxury five-star hotel and apartment complex.
It has been agreed in principle that Crown has the right to acquire and manage the hotel on completion and that the Schiavello Group has the right to acquire an office and showroom area within the complex.
The parties will share the 600 apartment development 50:50, Schiavello Group chairman Tony Schiavello said.
"This is an extremely exciting partnership and iconic Melbourne project which follows the soon to be completed Prima Tower and Abode Apartment projects," he said.
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jchancellor-FAypfDUnLy

Schiavello Group teams with Crown Resorts on Southbank site

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The eco-friendly Waverley home conceived by architect Caroline Pidcock now comes with $2.55 million expectations after failing to sell at recent auction.
The home marketed as "bright and breezy", has two bedrooms either side of the downstairs bathroom with two further bedrooms and a bathroom upstairs.
The back garden of 135 Henrietta Street has pedestrian access to Prospect Street.
The pre-auction estimate was $2.4 million plus through Phillips Pantzer Donnelley.
<a href="https://www.ppdre.com.au/buying/NSW/Eastern-Suburbs/Waverley/House/1P0768" target="_blank">The property</a> last traded for $620,000 in late 1998.
135 Henrietta Street was built in the 1920s and renovated on its 266 square metre block in 2010.
The CoreLogic RP Data puts the<a href="/news"> suburb median</a> at $1,655,000.
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Waverley Caroline Pidcock inspired eco-friendly home fails to sell

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Around $700,000 was being tipped for the latest offering in the 1920s Potts Point building, Gowrie Gate.
The 504/115 Macleay Street apartment boasted quality finishes along with Bridge and Opera House views.
The 54 square metres apartment was sold by Vicki Laing and Simon Polito at Laing Real Estate who secured the $797,000 under the hammer.
The apartment was <a href="https://laing.com.au/597664/" target="_blank">designed by residential </a><a href="https://laing.com.au/597664/" target="_blank">architect Daniel Boddam-Whetham</a> and was shortlisted for the 2011 RAIA Interior Architecture prize.
Its levies were administration $233 per quarter and the sinking fund at $539 per quarter.
 
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Daniel Boddam-Whetham-designed Gowrie Gate, Potts Point apartment sold

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Every year the Housing Industry Association (HIA) publishes a detailed summary of the key facts about the Australian housing and construction industry.
With some figures going back over a decade, the summary always makes for interesting reading. I'm going to take a look at some of the key differences between 2013 and 2014.
The key headline figures show that last year there were 167,947 new homes built, up from 151,508 in 2012, the total value of housing construction increased from $68.3 billion to $69.9 billion, there was a big jump in the number of people moving into new homes from up from 389,376 to 434,788. There was also a notable increase in the number of people employed in the industry from 1,000,949 in 2013 to 1,037,412 in 2014.
As construction was seen as taking up some of the fall in activity associated with the mining boom, it is interesting to note that the value of construction as a percentage of GDP in fact fell from 4.6% to 4.5% in 2014. Even as the industry expands it has yet to reach the previous high of 5.3% recorded in 2010.
Looking at the make-up of the total number of dwellings built, the number of new homes built in 2013 increased from 90,268 in 2012 to 95,543 in 2013, the highest level in three years. However units continue to out pace detached dwellings. In 2012 there were 61,176 units built, in 2013 there were 72,404, however this is a huge increase over 2009 when only 38,992 units were built. It may well be that in 2014 unit numbers will have increased by 100% in just five years, which is a clear indication of where the market is heading.
Renovations are still very popular and this market has been running at consistent levels for some years, peaking in 2010/2011 at $31.8 billion. In 2013 renovations accounted for $27.9 billion, but outpacing all other areas of new construction. The renovation market is clearly an extensive and somewhat overlooked area of the housing market, possibly because activity is so fragmented and wide spread.
The HIA also tracks the average size of detached homes and attached dwellings. The size of the average family home has been relatively static at around 240 square metres for some years, attached dwellings are however getting smaller, and fell by 5.4% between 2012 and 2013 to 134 square metres having peaked at 143 square metres in 2004. However when looking at size, the HIA figures show that it is the size of the median lot size of land that has fallen the most, that figure stood at 592 square metres in 2004, and in 2013 there was a drop of 12.1% since 2008, down to 480 square metres, although in the last 10 years lot sizes have shrunk by more than 20%.
The composition of new dwelling approvals continues to change and in 1992 the total volume of detached dwellings represented 73% of all new dwellings, in 2013 that has fallen to 56%. By contrast, in 1992 apartments accounted for only 9% of the volume, in 2013 that has increased to 30% and the trend has been constant since 1997. The total dwelling stock in Australia now stands at some 9,008,000, an increase of 7.6% in the last 12 months.
Capital city vacancy rates have shown some movement between 2013 and 2104, the most notable shifts were in Darwin with rates increasing from 1.0% to 2.2%, and in Hobart there was a drop from 2.6% to 1.6%. Sydney and Adelaide remained stable and the vacancy rates increased in Melbourne, Brisbane, and Perth.
The HIA also notes in its update that according to RP Data, after inflation house prices across all capital cities increased by 7% over the past 12 months, and 13% in the past 5 years and 27% over the decade. I suggest that next year’s figures will continue to make interesting reading where price movements are concerned.
One final point is the burden of stamp duty across all markets, the duty on a median-priced dwelling in Victoria at 5% or $24,100 and in NSW for a similar home at 3.6% the duty would be $19,200. Clearly if there is to be a tax review and a change to GST, this level of duty begs for adjustment.
While the industry has seen growth in most sectors, the total number of building approvals at 178,897 is the highest figure since 2010 and a big increase on 2013 when approvals totalled 154,604. There were 34,506 (owner-occupiers) loans for new homes and 64,638 loans for the construction of new homes, which shows that Australians are still very much in love with the idea of building their own homes. The ‘dream’ is still very much alive as the increased activity over recent years shows.
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Construction industry stats show the Australian dream is still very much alive

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Sydney has between 10%-20% growth left in the upward residential cycle over the next few years, according to estate agent John McGrath.
"Periods of ups and downs are to be expected, particularly after a big surge in prices, so next year we might see some months where median prices rise and fall," he said.
"Prices could be fuelled by share market fluctuations, economic factors and interest rate movements."
McGrath tipped after "incredible" price growth in Sydney in 2013 and 2014, he was "expecting the market to slow down in 2015 but not go backwards".
He affirmed his high hopes for the Brisbane market <a href="https://www.switzer.com.au/the-experts/john-mcgrath-property-expert/whats-in-store-for-property-in-2015/" target="_blank">in the Switzer blog</a>.
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Sydney residential price growth will slow, but not go backwards: John McGrath

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A Hills District home on five acres has secured the highest sale of last week, according to CoreLogic RP Data.
Petalinda, selling for $9 million, is more than double the price of the next most expensive house of the week, a $4,065,000 Brighton home. The home also set a<a href="/news/glenhavens-petalinda-sets-9-million-hills-district-record"> new record price for the suburb</a>.
The week's list was dominated by Sydney homes, with just two Melbourne offerings making the top 10.
CoreLogic RP Data's top 10 sales of the week ending 14 December
<a href="https://www.realestate.com.au/property-house-nsw-glenhaven-118430299" target="_blank"><img src="/images/2014/07/04/yellow-one.jpg" alt="">6 Gilmour Close, Glenhaven, NSW</a>
<img src="/images/2014/12/16/1.jpg" alt="">
Petalinda is a six bedroom house set on five acres in the Hills District, sold through Merc Real Estate Castle Hill.
The estate includes a wine tasting cellar, a commercial grade bar, an indoor pool, a 14 person sauna, a spa, gymnasium, and a tennis court. It's not just humans who are well taken care of at Petalinda – the estate includes an aviary and a Koi Carp fish pond.
The vendors paid $5.3 million for Petalinda just three years ago.
<a href="https://www.realestate.com.au/property-house-vic-brighton-118510583" target="_blank"><img src="/images/2014/07/04/yellow-two.jpg" alt="">11a Dendy Street Brighton Vic 3186</a>
<img src="/images/2014/12/16/2.jpg" alt="">
This three level Brighton home sold for $4,065,000 through Hodges Real Estate Brighton. The five bedroom, three bathroom house has a six car garage basement. T
he house includes formal living and dining areas, a north facing family area and a lounge area. There is also a heated pool and spa on the 706 square metre plot. The vendors have held the home for 14 years, paying $1,775,000 in 2000.
<a href="https://www.realestate.com.au/property-house-vic-moonee+ponds-117594311" target="_blank"><img src="/images/2014/07/04/yellow-three.jpg" alt="">38 Ardmillan Road, Moonee Ponds, Vic</a>
<img src="/images/2014/12/16/3.jpg" alt="">
Nelson Alexander Essendon sold this six bedroom, four bathroom house for $3.95 million. The brick Victorian house sits on 2,060 square metres, with an in-ground pool and a tennis court.
Vendors paid $2.6 million for the house in February 2005.
<a href="https://www.realestate.com.au/property-unit-nsw-glebe-118492811" target="_blank"><img src="/images/2014/07/04/yellow-four.jpg" alt="">16/501 Glebe Point Road, Glebe, NSW</a>
<img src="/images/2014/12/16/4.jpg" alt="">
Buyers paid $3.66 million for this 263 square metre apartment in the Pavillions on the Bay complex. The residence was designed by Tonkin Zulaikha Greer architects (who are behind the award winning National Arboretum Canberra).
The apartment has three bedrooms and three bathrooms. The master suite includes a custom-designed dressing room and an en suite with bath.
In four years, the property's price has increased by $660,000.
<a href="https://www.realestate.com.au/property-apartment-nsw-woollahra-104930631" target="_blank"><img src="/images/2014/07/04/yellow-five.jpg" alt="">2/333 Edgecliff Road, Woollahra, NSW</a>
<img src="/images/2014/12/16/5.jpg" alt="">
This whole floor apartment sold for $3.56 million through Ray White Double Bay. The apartment is located in Cullen House, a two-apartment art deco building designed in 1936 by a protégé of Professor Leslie Wilkinson. It has four bedrooms and three bathrooms, with a northeast facing colonnaded terrace.
The property was last traded in June 2008 for $2.9 million.
This article continues on the next page. Please click below.
 
<hr class="system-pagebreak">
<a href="https://www.domain.com.au/property/sold/apartment-unit-flat/nsw/millers-point/?adid=2011581948" target="_blank"><img src="/images/2014/07/04/yellow-six.jpg" alt="">19/155 Kent Street, Millers Point, NSW</a>
<img src="/images/2014/12/16/6.jpg" alt="">
Another Sydney whole-floor apartment, this home sold for a substantial sum. While the price remains undisclosed, Property Observer is advised that it makes sixth place on our list.
The residence in The Georgia, designed by Ercole Palazzetti has three bedrooms and two bathrooms, with views to the harbour and westward to the Blue Mountains. With a radial floorplan, the apartment has a private entertaining terrace and a loggia.
It last sold in 2007 for $3.4 million.
<a href="https://www.realestate.com.au/property-house-nsw-queens+park-118249395" target="_blank"><img src="/images/2014/07/04/yellow-seven.jpg" alt="">142 Denison Street, Queens Park, NSW</a>
<img src="/images/2014/12/16/7.jpg" alt="">
This six bedroom, four bathroom house sold for $3.5 million through Di Jones Real Estate. The home, near Bondi Junction, is set over two levels.
It has underfloor heating, with Bendonia tiled floors throughout the multiple living and dining areas. The vendors purchased the property 10 years ago for $1.58 million.
<a href="https://www.realestate.com.au/property-house-nsw-double+bay-118217687" target="_blank"><img src="/images/2014/07/04/yellow-eight.jpg" alt="">14 Pearce Street, Double Bay, NSW</a>
 <img src="/images/2014/12/16/8.jpg" alt="">
A newly completed house designed by Tribe Studio sold last week for $3.41 million through BradfieldCleary Double Bay. The four bedroom, two bathroom house has an open plan interior that opens to the outdoor living space. Upstairs, the master suite has a balcony overlooking the backyard.
Tribe Studio's work has been largely published. Vendors purchased the property, prior to the construction of the current house, for $2.13 million.
<a href="https://www.domain.com.au/property/sold/house/nsw/north-bondi/?adid=2011581929" target="_blank"><img src="/images/2014/07/04/yellow-nine.jpg" alt="">60 Brighton Boulevard, North Bondi, NSW</a>
<img src="/images/2014/12/16/9.jpg" alt="">
Raine &amp; Horne Double Bay secured $3.28 million for vendors at the sale of this North Bondi home. All five bedrooms have built in robes, while the master bedroom also has a private balcony and en suite.
The open plan living area opens to the rear north facing courtyard through bi-fold doors. Vendors paid $3.1 million for the house in March 2011.
<a href="https://www.realestate.com.au/property-house-nsw-st+ives-118547479" target="_blank"><img src="/images/2014/07/04/yellow-ten.jpg" alt="">39 Bundabah Avenue, St Ives, NSW</a>
<img src="/images/2014/12/16/10.jpg" alt="">
The 10th most expensive home to sell last week was a four bedroom, four bathroom house in St Ives. It sold for $2.9 million through Chadwick Real Estate St Ives.
The two storey brick residence, situated on 1,609 square metres, has a formal lounge with gas log fire, a separate dining room, an informal meals area and living room, and outdoor entertaining area. There is also an in-ground saltwater pool with spa.
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Sydney's prestige market finishes the year on a high: Top 10 sales of the week

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The mixed-use development, ICON in the Northshore Hamilton precinct in Brisbane’s inner north, has been granted approval by Economic Development Queensland.
The project features 567 residential apartments; a five-star 227-room hotel, retail and restaurant precinct as well as a civic plaza, Hamilton Place.
Approvals were obtained by the private property trust ­Wentworth Equities.
It is a $650 million luxury mixed-use development will be built on the 7637 square metre site at 19 Hercules Street, which was purchased from Mirvac for $19.8 million.
It sits within Economic Development Queensland’s 304 hectare master planned community, Northshore Hamilton. 
Wentworth Equities executive ­chairman Sameh Ibrahim says ICON will be the jewel in the crown of Australia’s largest waterfront urban renewal project.
Wentworth Equities directors Simon Slavin and Ruven Laps were involved in the transformation of a large industrial waterfront site at Sydney’s ­Homebush Bay at Fairmead Pty Ltd's bayside community now known as Wentworth Point.
Architectural firm Custance designed the four tower ICON development located seven kilometres from Brisbane Airport and 100 metres from the Brisbane Cruise Ship Terminal.
Custance design director Craig Shelsher said ICON’s design was based on four key principles - water, people, place and connectivity. 
 <img src="/images/2014/12/16/ICON%201%20-%20conceptual%20artist%20impression.jpg" alt="">
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