<a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.

A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.

Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360965]

“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.

From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.

The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360981]

Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.

A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.

Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360966]

Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.

“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.

Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360969]

Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.

The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.

“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”

The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.

The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.

[smartcode_project_cta:default project_id=149670]

Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.

The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.

Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.

The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.

The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" />

Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.

Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.

The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."

The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" />

Campbelltown has been starved of new residential developments in the last decade.

The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.

First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

[smartcode_project_cta:default project_id=152737]

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
</main>

Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

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>

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Ellen Walker

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

For most Australians, buying an apartment is one of the biggest financial decisions they'll ever make

The location, floorplan and price are often the first considerations, but in recent years another question has become increasingly important: who is actually delivering the project?

A series of high-profile builder collapses, construction delays and defect concerns have fundamentally changed how many Victorians approach buying off the plan. The collapse of Porter Davis in 2023, which reportedly left around 1,700 homes unfinished, became one of the most visible examples of the risks that can emerge when a construction company fails. <a href="https://www.equifax.com.au/sites/default/files/lpassets/pdf/Final-Business-Market-Pulse-June-Sector-Deep-Dive-Report-2.pdf">Similar challenges across the broader construction sector</a> have left buyers asking more questions before signing a contract.

As Victoria continues encouraging higher-density housing to address supply shortages, transparency is becoming just as important as location or price.

One tool increasingly entering the conversation is the <a href="https://icirt.com/">Independent Construction Industry Rating Tool (iCIRT)</a>, an independent assessment framework designed to help buyers better understand the developer or builder behind a project. Originally developed by Equifax in consultation with government and industry as part of NSW's Construct NSW reforms, the system has since expanded nationally.

<h2 data-end="1519" data-section-id="7nmx3" data-start="1492">What is an iCIRT rating?</h2>

Most Australians are familiar with independent ratings in everyday life.

We compare ANCAP safety ratings before buying a car. We look at Health Star Ratings in supermarkets. Banks rely on credit assessments when lending money.

Until recently, however, there has been very little independent information available to help apartment buyers assess the business responsible for delivering a residential project.

That gap is what iCIRT was designed to address.

Builders, developers and other construction professionals with an iCIRT rating have demonstrated high-trust characteristics through an independent, evidence-based assessment across six criteria: Character, Capability, Conduct, Capacity, Capital and Counterparties. This involves a rigorous review of financial health, past project track record, and ethical conduct. Crucially, an iCIRT rating could help provide property buyers with confidence that they are working with a professional who has demonstrated the capability, capacity, and willingness to return and rectify issues.

<img alt="iCIRT" data-entity-type="file" data-entity-uuid="dcbb59af-3d5a-43aa-b28e-a66e55a83568" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Announcement.png?VersionId=6OD8r.v.oucEF01BWxR85urzoD9seQ9e" />

Importantly, iCIRT is not a recommendation to purchase a particular property, nor is it a traditional credit rating. It is an independent assessment framework designed to provide objective information about a construction business using a <a href="https://icirt.com/sites/default/files/2025-08/iCIRT-Methodology-Issue1-May-2021.pdf">published methodology</a>.

The system has been widely adopted in New South Wales, where more than one-third of medium and large residential builders and developers now hold an iCIRT rating, representing over two-thirds of the state's residential building market by value as of 2025/26.

<h2 data-end="3126" data-section-id="h6ohtj" data-start="3084">Why buyers are doing more due diligence</h2>

For many buyers, particularly those purchasing off the plan, the biggest risk isn't whether they'll like the kitchen finishes.

It's whether the project will be delivered on time, to the expected quality, and by a company capable of completing the development.

<a href="https://icirt.com/sites/default/files/2026-07/iCIRT%202025%20Consumer%20Survey%20Report%20v05.pdf">Consumer research commissioned by iCIRT</a> found more than half of respondents believed current protections do not adequately safeguard buyers from builder insolvencies or defective projects. Other research found 88 per cent of prospective buyers would seek independent ratings or due diligence before purchasing, while 90 per cent said trust in construction professionals is essential.

That doesn't mean buyers should rely on a single rating alone.

Independent legal advice, understanding the contract, and seeking financial advice all remain important parts of the due diligence process.

However, an independent assessment can provide another source of information alongside those traditional checks.

<h2 data-end="4138" data-section-id="pquzxc" data-start="4094">Trust is becoming a competitive advantage</h2>

The conversation isn't only changing for buyers.

Developers are also recognising that trust has become an increasingly important part of the sales process.

<img alt="mirvac" data-entity-type="file" data-entity-uuid="1c11c691-e8cd-46c3-88fd-6c8d614e8357" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/mirvac.png?VersionId=ZqDqNL36WJOOCmNMmmO93Q2GTrFOBomz" />Mirvac is a 5 Gold Star iCIRT rated developer, the highest possible rating a developer can get: Harbourside by Mirvac

Five years ago, purchasers typically asked about floorplans, finishes and settlement dates.

Today, sales teams are increasingly being asked about the developer's experience, financial stability, previous projects and construction partners.

For companies with strong governance and established delivery records, an independent iCIRT rating provides another way to demonstrate those credentials before buyers even visit a display suite.

According to Equifax, the assessment can also help businesses drive sales and <a href="https://icirt.com/resources-for-business/icirt-rating-helps-scion-secure-high-value-projects">secure high-value projects</a>, as well as identify operational improvements and <a href="https://icirt.com/resources-for-business/mirvac-reinforces-brand-trust-and-quality-independent-icirt-rating">attract top talent</a>.

<h2 data-end="4962" data-section-id="1j54ng5" data-start="4912">Beyond buyers: lenders are paying attention too</h2>

The influence of independent construction ratings is also extending beyond consumers.

According to Stamford Capital's Real Estate Debt Capital Markets Survey, an increasing number of lenders now incorporate iCIRT ratings into their due diligence processes when assessing residential development finance applications.

The survey found lender adoption has continued to rise, with many respondents saying independent assessments provide additional insight into governance, counterparties and delivery capability beyond traditional financial analysis. Some lenders also reported declining funding applications where businesses had poor or no ratings.

As construction costs remain elevated and access to development finance becomes more selective, demonstrating credibility is becoming increasingly valuable.

<h2 data-end="5801" data-section-id="1qazuxs" data-start="5772">What it means for Victoria</h2>

Victoria's apartment market is entering a new phase.

The state is seeking to accelerate higher-density housing while simultaneously introducing reforms aimed at improving confidence in residential construction.

For buyers, that means there are more tools available than ever before to research the businesses behind a project.

For developers, it signals that transparency is becoming another point of differentiation in an increasingly competitive market.

Buyers are asking more questions than ever before and increasingly expecting independent information, not just marketing material, before making one of the biggest financial commitments of their lives.

<img alt="iCIRT" data-entity-type="file" data-entity-uuid="958e1497-8151-4689-aadc-baf59f6e6122" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/iCIRT-Infographic-Assessment-Process-Final.png?VersionId=7KyVcwSo4vCLXBYBdq382e3Si.R.9PWQ" />

<hr data-end="6469" data-start="6466" />
The information contained in this article is general in nature and does not constitute personal, financial, legal or tax advice. It does not take into account your personal objectives, financial situation or needs. Therefore, you should consider whether the information is appropriate to your circumstances before acting on it and, where appropriate, seek independent professional advice.

This article contains links to third-party websites. These links are provided for convenience only. Equifax Australia does not control and is not responsible for the content, accuracy or privacy practices of external sites.

Copyright © 2026 Equifax Australia Information Services and Solutions Pty Ltd. All rights reserved.

Buying off-the-plan in Melbourne? How independent iCIRT ratings are set to change Victorian property

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With Channel 9’s The Block: Fans v Faves art deco apartments taking off, everyone’s talking about warehouse conversions. We run through five of the best on the market.
<a href="https://www.realestate.com.au/property-house-vic-port+melbourne-116434871" target="_blank">263 Rouse Street, Port Melbourne, Victoria</a>
 <img src="/images/2014/03/27/port%20melbourne%20march%2027%20one.jpg" alt="">
It’s no surprise that Melbourne makes an almost clean sweep of the warehouse conversion market – as a former industrial hub that saw most of its major manufacturers move away from the inner city decades ago, there are now plenty of beautiful historic buildings to occupy.
 <img src="/images/2014/03/27/port%20melbourne%20march%2027%20three.jpg" alt="">
This three bedroom apartment in <a href="/news">Port Melbourne</a> with $1.2 million plus expectations bears all the hallmarks of a great warehouse conversion – open plan living spaces, interesting scaling and plenty of timber, steel and exposed brick. Not to mention a huge cast iron fireplace. The median unit price in Port Melbourne was $660,500 in February, while the median house price is $897,500, according to RP Data.
<img src="/images/2014/03/27/port%20melbourne%20march%2027%20two.jpg" alt=""> 
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<a href="https://www.realestate.com.au/property-house-vic-richmond-116223743" target="_blank">30 Bendigo Street Richmond </a>
<img src="/images/2014/03/27/main%203.jpg" width="460" height="345">
This particular newly renovated apartment began its life in 1908 as the Wertheim Piano Factory. It then became the home of Heinz Australia, before it was passed over to GTV9, 1957. The former Channel 9 studios once housed a radio station, a concert band, a junior ballet, a full time chorus and an orchestra.
<img src="/images/2014/03/27/image5.jpg" width="460" height="345">
This two bedroom, two bathroom conversion includes a large decking area, a rare amenity for inner city warehouse living. The grand arched windows flood the open plan living space with light. It’s selling from $1.095 million; <a href="/news">Richmond</a>'s median house price is $1,041,000. The median sales price of Richmond units in February was $485,000.
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<a href="https://www.realestate.com.au/property-apartment-vic-collingwood-116386907" target="_blank">18/120 Cambridge Street, Collingwood, Victoria</a>
<img src="/images/2014/03/27/main%204.jpg" width="460" height="345">
The former Foy &amp; Gibson spinning mills have been converted into a series of apartments. The building was built in 1895 and designed by <a href="/news">Collingwood</a> councillor William Pitt. This two bedroom apartment’s signature is its distinctive bay windows and soaring ceilings.
<img src="/images/2014/03/27/image4.jpg" width="460" height="345">
The vast space is divided by ornate wooden panelled walls and screens, giving the one-time factory space a unique character. The spinning mills apartment is on the market with expectations of $800-880,000. Collingwood's median unit price in February was $388,000, and its median house price for the month was $889,000.
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<a href="https://www.realestate.com.au/property-apartment-nsw-surry+hills-116485443" target="_blank">Surry Hills, New South Wales</a>
<img src="/images/2014/03/27/image4%201.jpg" width="460" height="345">
Developers Cleveland &amp; Co are currently accepting enquiries for two and three bedroom apartments off the plan in this Surry Hill industrial site. The history of the two adjoining warehouses goes back to 1889, and the two buildings with art deco and Victorian heritage features are set to house 39 apartments. SJB Australia, who have plenty of experience will injecting new life into heritage buildings, will be the project’s architects, with interiors by Burley Katon Halliday.
<img src="/images/2014/03/27/image6.jpg" width="460" height="345">
According to the listing, most apartments will have a northerly aspect, meaning there’ll be plenty of light bouncing around the spaces, with three to four metre high ceilings. The site's <a href="/news">Surry Hills</a> location is thus far undisclosed. Median unit prices in the suburb sat at $658,500 for February.
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<a href="https://www.realestate.com.au/property-townhouse-vic-north+melbourne-116299547" target="_blank">1/2 Atkin Street, North Melbourne, Victoria</a>
<img src="/images/2014/03/27/image3%202.jpg" width="460" height="345">
At 150 years old, this <a href="/news">North Melbourne</a> building has had a long life as a Masonic hall. It has now been converted into apartments, with this multi-level residence selling from $600,000. The listing describes the apartment as having a “riot” of materials, shapes and textures, and it’s hard to disagree. With Baltic pine, Kauri pine and oak timber flooring, the apartment also features exposed brick, original 1855 bluestone walls and exposed steel.
<img src="/images/2014/03/27/main%205.jpg" width="460" height="345">
The conversion was undertaken by Re:CONSTRUCTION, a firm that specialises in warehouse conversions. The two bedroom residence also includes a raw-walled balcony and a solar power system. The apartment is on the market for $600-660,000. The median unit sales price in North Melbourne were at $472,500 for February, while the median house price was $910,000.
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The five best warehouse conversions on the market

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The former observatory home of Professor Georg von Nuemayer - a noted astronomer and polar explorer - has been listed for sale in South Yarra.
He undertook major astronomical work from the basement in the Domain Road property during his residency in the 1860s.
Historic sketches of the pendulum room where the work was conducted (such as the one below) appear in then contemporaneous publications. 
<img src="/images/2014/03/27/south-yarra-heritage-march-27-one.jpg" alt="">
Source: Royal Society of Victoria
Located on a corner block, the 203 square metre property is set on one of Kings Domain's finest streets.
The four bedroom home has several living areas plus terrace courtyard and double garage.
The 119 Domain Road, South Yarra property has been listed by <a href="https://www.kayburton.com.au/property/119-domain-road-south-yarra" target="_blank">Kay &amp; Burton agents </a><a href="https://www.kayburton.com.au/property/119-domain-road-south-yarra" target="_blank">Gowan Stubbings and Emma Bloom</a> who expect between $2.75 million and $3 million at its April 5 auction.
Von Nuemayer, who lived between 1826 and 1909, was the director of the Flagstaff Observatory, and former member, councillor, Vice President and honorary life member of the Royal Society of Victoria.
There now sits a plaque on the property commemorating the significance of the home set on the Hope Street corner, formerly known as Montpelier Terrace/Place.   
Born in Palatinate, Germany Neumayer was education in Munich, becoming interested in polar exploration, terrestrial magnetism, oceanography, navigation, and nautical astronomy. After he made a voyage to South America, he arrived at Sydney in 1852. After trying his fortune on the goldfields, Neumayer gave lectures on navigation to seamen, and then spent time in Tasmania at the observatory.
After he arrived in Melbourne in January 1857, he secured government funding for an interim observatory, with the instruments provided by the King of Bavaria, at what is now Flagstaff Gardens. The Botanic Gardens observatory opened in 1862.
Von Neumayer was a member of the exploration committee of the Royal Society which organised the 1860 Burke &amp; Wills Expedition joining it between Swan Hill and Bilbarka. The South Yarra property was his residence around 1863 and 1864.
In 1895, von Neumayer had established the German Commission for South Polar Exploration, which culminated in the <a href="https://en.wikipedia.org/wiki/First_German_Antarctica_Expedition" title="First German Antarctica Expedition" style="line-height: 1.3em;"></a>1901 so-called Gauss expedition.
Neumayer died in 1909 in Germany, his name given to the German Polar Research Station in Antarctica, "Neumayer Station".
The front two rooms and the hall on ground floor and first floor, basement and attic room have been assessed as original dating back to its 1850's construction. One of the first residents was John Moore from the Tasmanian Fire Insurance company.
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jchancellor-FAypfDUnLy

Astronomer Professor Georg von Nuemayer's 1860s South Yarra home listing

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The credentials of design blogger Lucy Feagins will be on show as the Brunswick home she shares with partner Gordon Johnson goes to auction this weekend.
The Victorian residence at <a href="https://www.nelsonalexander.com.au/properties/buying/brunswick-12-nash-street#.UzDAMqiSx3h" target="_blank">12 Nash Street</a> has a single fronted cottage with one bedroom and one bathroom, with another one bedroom, one bathroom studio sitting at the back of the property.
Feagin and Johnson purchased the cottage in late 2007 for $335,000. According to <a href="https://thedesignfiles.net/2014/03/melbourne-home-lucy-feagins-and-gordon-johnson/" target="_blank">a post</a> on The Design Files, Feagins lived with her parents until the age of 27 to save for the purchase. The home, selling through Peter Stephens and Luke Chisholm of Nelson Alexander, is now listed with expectations of $640,000 to $690,000.
Photos of the property from 2007 show just how much work the couple have put into the home over the past six years.
<img src="/images/2014/03/25/11898978_2.JPG" width="460" height="306">
Above: The home's former living area. Below: The current kitchen and dining area.
<img src="/images/2014/03/25/6789295fo.jpg" width="460" height="306">
As Feagins details in her blog, the extensive interior renovations included replacing the kitchen and bathroom and installing a toilet in the main house. She describes the construction of the house’s outdoor studio 18 months ago as the completion of her “dream project.”
The work of several young Australian artists is featured in the home, including pieces by Emily Ferretti, Kirra Jamison and Lucas Grogan.
Feagins launched <a href="https://thedesignfiles.net/2014/03/melbourne-home-lucy-feagins-and-gordon-johnson/" target="_blank">The Design Files </a>blog in 2008, covering architecture and interiors, arts, crafts, graphic design and illustration. 
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Lucy Feagins of The Designs Files to sell Brunswick cottage

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Sorrell, the $35.4 million Hindmarsh Development and ACT government joint venture, was unveiled yesterday.
The three building complex, built by Hindmarsh Construction, comprises 132 apartments. Construction of the development was completed earlier this month. Sorrell is part of the ACT government’s efforts to revitalise the former Burnie Housing precinct.
<img src="/images/2014/03/27/lyons%20march%2027%202.jpg" alt="">
According to the ACT manager of Hindmarsh Development Brett Smith, the residential project exemplifies the benefits of working with the public sector.
“Sorell stands as a model of collaboration between Hindmarsh and the ACT government and the positive response to the project vindicates the joint venture’s vision to bring premium quality residential development to the precinct. We are proud to be associated with a project that has breathed new life and vitality into Lyons,” said Smith. The development sold 93 apartments off the plan immediately after its launch in March 2011.
Sorrell was designed by Antoniades Architects, with interiors by Hindmarsh. The complex also includes a 15 metre gas heated swimming pool and a furnished outdoor barbecue area.
<img src="/images/2014/03/27/lyons%20march%2027%203.jpg" alt="">
Hindmarsh has been operating in Canberra for 30 years. Its other projects include Altitude Apartments, which was completed last year.
The company, which has completed projects with value in excess of $2 billion, recently commenced construction of the Creswell Residences in Campbell, which comprises 52 apartments. It is also planning a redevelopment of the RSL national office, which is set to include a new national office for the RSL in addition to 174 apartments.
For the latest development listings, brought to you by Property Observer and partners, see our <a href="https://showcase.propertyobserver.com.au/" rel="nofollow">INVESTOR SHOWCASE</a>. 
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Completed Sorrell Apartments unveiled in Lyons, ACT

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In May 2011, all new homes were required to be built to meet a nationally implemented 6 Star standard energy rating. However, what constitutes a 6 Star rating differs from state to state and this has provoked nationwide challenges.
The Building Thermal Performance Assessment system was introduced by the Building Code of Australia, and is enforced by state governments. According to the Building Commission of Victoria, a home with a 6 Star rating are projected to use 24% less energy for heating and cooling than 5 Star rated homes.
Although the ratings are applied nationally, the requirements for a six star rating are not universal. The system is designed to be flexible, and is “performance based rather than prescriptive”. As the Star rating system is designed to tackle thermal performance, it is site specific – a home’s orientation on a block (whether it faces north, south, east or west) or its surrounding climate can influence the design factors required to meet a 6 Star rating. In the Northern Territory, for example, homes in certain areas require a breezeway for airflow, while homes in colder climates may not.
According to Natalie O’Shea, a designer at building franchise Hotondo Homes: “It’s challenging to design homes on a national level as each state has its own particular standards and differing requirements.”
“One of the biggest things affecting the energy rating of a home which is consistent across the country is the orientation of the block [of land] and the home,” said O’Shea.
“When you have the right design on the right block there are minimal additions that need to be made. The home will naturally stay warmer in winter and cooler in summer.
“Materials are getting better with their thermal qualities, but extra insulation, double glazed windows and wider eaves may be necessary to add in order to achieve the desired energy rating, but they come at an additional cost.”
A popular home design by Hotondo Homes achieved a 6 Star rating for all orientations in Hobart, Melbourne, Canberra, Adelaide and Perth, according to a 2012 report by Sustainability House, contracted by the Department Climate Change and Energy Efficiency.
The home also achieved a 6 Star rating in three orientations in Sydney, two orientations in Brisbane but only a single orientation in Darwin, despite consistent floor plans (pictured below) and building materials.
 <img src="/images/2014/03/26/hotondo%20floorplans.jpg" width="460" height="521">
 
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Meeting 6 Star ratings requirements a state by state challenge

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The Urban Development Institute of Australia's 2014 State of the Land Report points to significant supply problems across much of the country and warns that while it might not be a 'front page' hot media topic of the day, "we've got a problem".
Quoting Minister for Social Services Kevin Andrews from November last year, the report, launched today, explains that more private dwellings need to be built to cater for a growing population.
The report found that while lot prices have remained stable or fallen slightly in recent years, the price of land when looked at on a per square metre basis has continued to rise. The overall fall is due to declining lot sizes, according to the report. The average median lot size across the five largest capital cities is 423 square metres, down 8% over the year and down 29% on 10 years previously. Sydney saw a 16% drop over 2012/2013.
The average median lot price across the capitals is $213,000 - down 5% over the year. Despite this short-term fall, it is up 78% over the last 10 years. In Sydney, the median price for a new landlord fell $34,000 over the year period, to $247,500 and the city retains its position as the most expensive for land across the country.
"This suggests that current lot prices may be close to the absolute upper limit of what new home buyers are able to afford," the report explains.
Supply of land lots was found by the UDIA to be continually constrained in "most jurisdictions" by high charges levied on new developments and the inadequate provision of infrastructure, as well as delays in rezoning, planning and approvals.
Interestingly, Sydney experienced the largest turnaround over 2013 out of the cities examined, with a significant increase of supply. Despite this, it still suffers from the highest infrastructure charges, a difficult planning system and increasingly high land costs. Meanwhile, Perth was found to have the worst performance.
Currently, the average median price of land said to be paid by new home buyers is $504 per square metre. That is a 3% increase over the year and 148% up over a 10 year period. UDIA national president, Cameron Shephard, said that governments are failing to address the key barriers to supply. “Inadequate investment in urban infrastructure, slow planning and approvals systems, and high taxes and charges are strangling the supply of land for new housing, severely damaging housing affordability," he said. “UDIA is concerned that housing has fallen off the agenda for governments around the country. The 2014 UDIA State of the Land Report shows that there are still major problems with land supply and housing affordability across our largest cities, and that governments need to take urgent action,” Shephard explained.
See over page for a city by city breakdown of performance and for the UDIA's suggestions for federal, state and local government intervention.
<hr class="system-pagebreak">
<h2>City by city performance</h2>
Adelaide
Progress has been made with stamp duty exemptions and construction grants, introduction of private certification for code compliant developments, structure plans for growth areas and rezonings. Fairly balanced land market.
Potential trouble area: Implementation of the infrastructure agreements.
Brisbane
Improvements in planning processes under State Planning Policy introduction, creation of single state assessment and referral agency and creating a number of Priority Development Areas.
Potential trouble area: The undersupply of serviced lots and inability to respond to changes in market demand.
Melbourne
Lot supply has increased, market is well supplied and affordability is improving.
Potential trouble area: Slow approvals and rezoning.
Perth
Affordability and lot supply did well, with stable prices.
Potential trouble area: Increasing delays in planning approval system, increasing land taxes and subdivision application fees, infill and infrastructure provision planning worsens.
Sydney
Lot production increasing, lots somewhat cheaper due to smaller lots being created.
Potential trouble area: Structural planning reforms have yet to appear and strata reform has been delayed.
<h2>UDIA's suggestions for the federal government:</h2>
Providing additional funding for investment in new urban infrastructure, in order to unlock land.
Auditing Commonwealth land holdings to identify surplus land, and where suitable, make it available for new housing development.
Assisting state governments with removing stamp duty on property and replacing it with more efficient forms of taxation.
<h2>UDIA's suggestions for state and local governments:</h2>
Undertake major planning system reform, to increase the supply of urban land and reduce delays and uncertainty associated with zoning, planning and approvals processes.
Reduce up front charges and levies on new housing by favouring the recovery of costs over long time frames, rather than up front.
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Significant dwelling supply problems across country: UDIA report

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Housing affordability is an emotive topic across the country, and it comes as little surprise that the majority of borrowers surveyed currently believe that getting a foot on the property ladder is harder now than it was for the previous generation.
Interestingly, the Genworth Homebuyer Confidence Index saw a 1.6 point drop from September 2013 to March 2014, which they note was partially to a decline in first home buyer confidence, as well as overall cost of living pressures for those currently holding mortgages.
Home buyers experiencing or expecting mortgage stress did, however, largely drive the decline in the confidence index, said Genworth Australia's chief commercial officer, Bridget Sakr.
“Of those surveyed, 49% cited the rising cost of living as the key driver of mortgage stress," said Sakr.
“The high cost of living has remained the number one cause of mortgage stress for homeowners since September 2011,” she said. Of those surveyed, four in 10 make overpayments to their mortgage.
Similarly, the proportion of those using more than 50% of their income to service this debt dropped from 28% to 25%.
The first home buyer component dipped from 85.0 in September to 82.3 in March, driven by fears around unemployment.
“While 71% of first home buyers consider the dream of home ownership to be realistic, this group continues to struggle to save for a deposit,” she said.
A third of prospective home buyers noted it would take them four years or longer to save a 20% deposit, while 60% of all respondents said it would take four years.
Sakr also noted that nearly two thirds of all borrowers believe first home buyers have it tougher than the previous generation did, with 86% expressing a willingness to help their children buy property, but significantly fewer noting they were in a financial position to be able to do so.
“The struggle to enter the property market may also be exacerbated by any future dwelling price growth,” said Sakr.
“This ongoing challenge for prospective first home buyers highlights the value of low deposit options such as Lenders Mortgage Insurance which can help people enter the property market sooner,” she said.
The index surveyed more than 2,000 consumers and analysed the proportion of monthly income expected to be used to service debts, repayment history and expectations for the nest 12 months, as well as their beliefs about home buying.
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Majority believe it is harder to get into property now than for previous generation: Genworth

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Potts Point's latest offering sale has been the penthouse of the publican Chris Crawley after receivers PPB Advisory took possession.
Crawley developed The Georgian on Macleay Street in 2010, retaining the three-bedroom 680 square metre triplex penthouse with pool. 
Jason Boon and Andrew Hoggett of <a href="https://www.randw.com.au/1408774/" target="_blank">Richardson and Wrench Elizabeth Bay</a> had been telling inspectees that it was set<a href="https://www.realestate.com.au/property-apartment-nsw-potts+point-116039307" target="_blank"> to fetch above $10 million.</a> 
It's annual strata levy is just short of $20,000.
Expressions of interest closed on the 14th March, with the sold stickers posted yesterday.
The Georgian three-level penthouse came with views stretching from the city skyline to The Heads.
It was featured in the recent <a href="/news/plenty-of-blue-sky-with-12-sydney-penthouses-at-10-million-or-more-which-one-to-buy">top 10 Sydney prestige penthouses</a> He Said/She Said list.
Crawley was allowed to demolish an historic villa to undertake the project.
Former liquor merchant John Piven Large paid a reputed $15 million in 2012 for the Pomeroy, Potts Point penthouse of Bob Ell.
The previous highest sale was $8.85 million in 2011 when the Sutton car dealing family bought a 624 square metre penthouse, one of two in the Rockwall complex.
A $20 million off the plan offering in the Ashington project failed to proceed when the project collapsed, with the subsequent Investa project splitting the top floor into two apartments.
 
 
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The Georgian penthouse sells in highest Potts Point apartment sale since 2012

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Two developments in Melbourne's north-west are seeing a sales uptick, with Maribyrnong-located Horizon Drive more than 50% sold and Mirvac's Ascot Vale Enclave seeing their latest release achieve a 100% sales rate in a number of hours.
<a href="https://www.enclave.mirvac.com/home" target="_blank">Enclave</a>, the 10.423 hectare residential community (pictured above and below), released a total of 20 homes in the latest marketing approach. All of the properties achieved a sale, bringing the new total sales revenue for the project to $88,595,000.
<img src="/images/2014/03/26/4.jpg" alt="">
John Carfi, Mirvac CEO of residential, noted that these sales included Doncaster Street terraces, sitting adjacent to the site, and the sell-out continues a string of good results for the project that launched in April 2013. The development is a joint venture between Mirvac and Gresham.
“This result validates that buyers continue to recognise this unique opportunity being presented in the heart of Melbourne," said Carfi of the site that is seven kilometres out from the CBD. 
The site will include 200 dwellings on completion, with a mixture of different land blocks, and nearby to parkland, a gold course, sporting oval and retail services. 
Construction of the first stage of land and housing has begun, set to complete late-2014, with 35 land lots settled and with first residents expected to move in by July.
The next release of land and townhouse will be in the middle of this year.
Meanwhile, in next door's Maribyrnong, <a href="https://www.horizondrive.com.au" target="_blank" style="line-height: 1.3em;">Horizon Drive</a> (pictured below) is a new residential subdivision that was re-launched in the second half of last year after being taken over by ICG. It is also seeing an uptick in sales with half of the 32 properties sold.
<img src="/images/2014/03/26/maribynong%20march%2026%202.jpg" alt="">
Near to redeveloped Highpoint shopping centre, the site includes two- and three- bedroom townhouses with their own garages and two-bathrooms (a main and an ensuite). Buyers looking for larger residences can join two of the two-bedroom townhouses to form a four-bedroom home for under $1.2 million.
The homes are designed by Rothelowman.
The latest release was of 121 square metre townhouses of two-bedroom and two-bathrooms from $595,000 upwards.
<img src="/images/2014/03/26/maribynong%20march%2026%203.jpg" alt="">
<img src="/images/2014/03/26/maribynong%20march%2026%204.jpg" alt="">
<a href="mailto:jduke@propertyobserver.com.au" target="_blank">jduke@propertyobserver.com.au</a>
For the latest development listings, brought to you by Property Observer and partners, see our <a href="https://showcase.propertyobserver.com.au/" rel="nofollow">INVESTOR SHOWCASE</a>.
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Melbourne's north-western developments seeing strong sales

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The Mosman weekend top seller fetched $5.7 million. But the marketing has suggested $6 million plus hopes.
But it represented only a small increase on its past two sales.
The five bedroom, four bathroom house had previously sold in 2008 at $5.25 million, reflecting 1.5% annual price growth during the past six years.
And it had been renovated in the meantime.
<img src="/images/2014/03/25/mosman-march-25-one.jpg" alt="">
<img src="/images/2014/03/25/mosman-march-25-two.jpg" alt="">
<img src="/images/2014/03/25/mosman-march-25-three.jpg" alt="">
<img src="/images/2014/03/25/mosman-march-25-four.jpg" alt="">
Photos: 18 Moruben Road, Mosman from its 2008 listing, prior to renovation
With views of Balmoral, The Heads and Manly, it had also sold at $5.1 million in 2007.
The five-bedroom house on 590 square metres at 18 Moruben Road fetched $5.7 million through Belle Property at weekend auction. 
<a href="/news">RP Data puts Mosman's median house price currently at $2.3 million</a>, just a tad under its $2.36 million median record achieved in 2012.
The $2.3 million median is however matching the peak achieved prior to the onsite of the global financial crisis.
It dipped to as low as $1.9 million in 2009.
After its 2012 recovery, it dipped to around $2.05 million.
Mosman agent Robert Simeon wrote today that the <a href="/expert-insights/buying/the-property-numbers-that-really-count-mosman-a-good-indicator-of-property-market-strength">Mosman house market was easily one of the most observed on the property catwalk</a>.
He presented some interesting stats on the sales volumes from Australian Property Monitors. 
<ul>
<li>2006 Number of Houses Sold 366 for a total value of $932,663,130</li>
<li>2007 Number of Houses Sold 373 for a total value of $1,130,325,667</li>
<li>2008 Number of Houses Sold 247 for a total value of $702,311,112 – GFC</li>
<li>2009 Number of Houses Sold 278 for a total value of $732,986,251 – GFC</li>
<li>2010 Number of Houses Sold 317 for a total value of $900,728,149 – GFC</li>
<li>2011 Number of Houses Sold 270 for a total value of $777,349,292</li>
<li>2012 Number of Houses Sold 284 for a total value of $789,400,700</li>
<li>2013 Number of Houses Sold 366 for a total value of $1,022,005,721*</li>
</ul>
 
Simeon noted the 2013 figure will rise significantly higher given a number of top end properties sold late in 2013 with long settlement periods.
 
 
 
The Moruben Road house topped RP Data's list of the week's top 10 sales. There were just the two entrants from Melbourne.
Top 10 sales of the week ending March 23, according to RP Data:
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/18_moruben_road_mosman_nsw_2088/4493552" target="_blank">18 Moruben Road, Mosman, NSW, 2088</a>, five-bedroom house, sold on March 22 by Belle Property Mosman for $5.7 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/21_wallis_avenue_strathfield_nsw_2135/6496668" target="_blank">21 Wallis Avenue, Strathfield, NSW, 2135</a>, six-bedroom house, sold prior to auction on March 22 by Georges Ellis &amp; Co for $4.525 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/24_beaver_street_malvern_east_vic_3145/11585509" target="_blank">24 Beaver Street, Malvern East, VIC, 3145</a>, five-bedroom house, sold at auction on March 22 by Jellis Craig Bennison Mackinnon for $4.1 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/67_georges_river_crescent_oyster_bay_nsw_2225/5258407" target="_blank">67 Georges River Crescent, Oyster Bay, NSW, 2225</a>, five-bedroom house, sold at auction on March 18 by Highland Property Agents for $3.45 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/233_o'sullivan_road_bellevue_hill_nsw_2023/1369906" target="_blank">233 O'Sullivan Road, Bellevue Hill, NSW, 2023</a>, five-bedroom house, sold on March 19 by Richardson &amp; Wrench Double Bay for $3.18 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/14_allenby_road_canterbury_vic_3126/10253153" target="_blank">14 Allenby Road, Canterbury, VIC, 3126</a>, five-bedroom house, sold at auction on March 22 by Kay &amp; Burton for $3.125 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/7_blake_street_rose_bay_nsw_2029/5915064" target="_blank">7 Blake Street, Rose Bay, NSW, 2029</a>, four-bedroom house, sold on March 18 by Ray White Double Bay for $3.1 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/5/32a_awaba_street_mosman_nsw_2088/4476065" target="_blank">5/32A Awaba Street, Mosman, NSW, 2088</a>, three-bedroom house, sold at auction on March 22 by Croll Real Estate for $3.065 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/10_spofforth_street_cremorne_nsw_2090/2002561" target="_blank">10 Spofforth Street, Cremorne, NSW, 2090</a>, five-bedroom house, sold on March 21 by Belle Property Neutral Bay Neutral Bay for $3 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/34d_latimer_road_bellevue_hill_nsw_2023/16760271" target="_blank">34D Latimer Road, Bellevue Hill, NSW, 2023</a>, four-bedroom house, sold prior to auction on March 17 by L J Levi Real Estate for $2.9 million
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