An entity directed by HSN's Rafi Assouline and Rebel Property's Allen Linz has filed plans for an impressive new precinct in Woolloomooloo.

The major mixed-use development would transform a prominent William Street site into a new residential village anchored by affordable housing and a large public park.

The proposal, submitted as a State Significant Development Application, covers 164-172 and 174-194 William Street, a 6,398 sqm site between Forbes Street and Dowling Street on the southern edge of Woolloomooloo.

Designed by fjcstudio in collaboration with Bangawarra, Studio Bright and Tribe Studio Architects, the scheme would deliver 227 apartments across four residential buildings ranging in height up to 18 storeys, alongside retail space, public domain improvements and a new publicly accessible park.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="0eb59b7c-914a-4a5c-b849-3a56749f5e93" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.18.51%E2%80%AFAM.png?VersionId=mxM6EEqeoLjrCiTlCzTKTvzpKuh6kSkH" />

It's another design scheme for Rebel, who took <a href="https://www.apartments.com.au/news/nsw/first-look-rebel-property-group-takes-woolloomooloo-precinct-to-nsw-government">concept plans to the NSW Gov late last year</a>.

The latest plans will be a mix of 167 build-to-sell apartments and 60 affordable apartments, with the affordable housing component representing 15 per cent of the project's gross floor area. The apartment mix includes 12 one-bedroom, 53 two-bedroom, 89 three-bedroom apartments and 13 penthouses, while the affordable housing component would comprise 42 one-bedroom and 18 two-bedroom apartments.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="3b3d4553-8a8c-4af5-aa8c-519ffb1e28c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.20.12%E2%80%AFAM.png?VersionId=_Yb6ibN7eDnOtQjCNDK2eviORa4qzgv." />

Rebel Property is seeking to take advantage of the NSW Government's infill affordable housing bonus provisions under the Housing SEPP, which provide additional floor space and height in exchange for the delivery of affordable housing for a minimum of 15 years. The planning pathway allows a 30 per cent increase in floor space ratio and building height where 15 per cent of the development is dedicated to affordable housing.

&nbsp;

At the centre of the development is a 1,356 sqm sunlit public park designed to become a new community gathering space at the gateway to Woolloomooloo. The park would be complemented by a network of pedestrian laneways connecting William Street with the surrounding streets, improving permeability through what is currently a largely impermeable block.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="257af931-a393-4007-8c6d-7219796df58d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.20.51%E2%80%AFAM.png?VersionId=KAHy94GrhaReFsWTGDKfy39EDJ8gEEv4" />

The design team says the public domain has been heavily influenced by the site's topography and Aboriginal cultural heritage, drawing on the escarpments, gullies and landscape characteristics that historically defined the area before urbanisation. The landscape design has been developed in partnership with First Nations consultancy Bangawarra.

The project would be delivered across four separate buildings. The William Street East and William Street West buildings, designed by fjcstudio, would contain the majority of the apartments. Melbourne-based Studio Bright has designed the Forbes Street building, while Tribe Studio Architects is responsible for the Dowling Street building.

Rebel had secured approval for the concept plans late last year.

Joel Robinson

First look: HSN, Rebel, advances Woolloomooloo precinct plans

A locally heritage-listed furniture showroom on Water Street is set to become the centrepiece of a new mixed-use residential development as local developer&nbsp;<a href="https://www.apartments.com.au/developers/keylin-group">Keylin</a> seeks approval for <a href="https://www.apartments.com.au/new-apartments/lotus-on-water-street-290-water-street-fortitude-valley-qld-4006">Lotus on Water Street</a>, a 15-storey project on the Fortitude Valley side of Spring Hill.

The proposal spans 290 Water Street and 137-141 Warry Street, combining several properties into a 2,869 sqm site that sits between Fortitude Valley, Spring Hill and the rapidly evolving Victoria Park precinct. Keylin's plans would deliver 132 apartments alongside new retail, hospitality and commercial space, while retaining and repurposing the historic Brunswick Home Furnishers Showroom that fronts Water Street.

Designed by <a href="https://www.apartments.com.au/architects/jackson-teece">Jackson Teece</a>, Lotus on Water Street comprises a 12-storey residential tower rising above a three-storey podium and communal rooftop terrace. The development includes 76 apartments classified as multiple dwellings and a further 56 units proposed as short-term accommodation, designed to be flexibly used as either accommodation or permanent residences. The apartment mix comprises six one-bedroom, 54 two-bedroom and 16 three-bedroom homes.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="9822bb79-6c49-49c9-95ba-319e8c8d81c3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20front.png?VersionId=ioW8zbN4UVebbLetTFuv92t.HkdgfR5e" />

Residents would have access to an extensive rooftop recreation level spanning more than 1,200 sqm of communal open space. Plans include a pool, gym, sauna, infrared sauna, yoga area, library, private dining room, barbecue facilities and landscaped entertainment spaces, making the rooftop the project's largest shared amenity offering.

At street level, the proposal focuses on the adaptive reuse of the heritage buildings along Water Street, where 518 sqm of retail and commercial space is planned across shop, office and food and drink outlet uses. A permeable residential lobby would be positioned between the retained heritage buildings, creating a pedestrian connection between the historic streetscape and the new tower behind.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="269cf3e0-7d13-48bf-a318-05a00deb5c10" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20podium.png?VersionId=DLXmTCLsp6GOcLpQ0h.0z7wKCw59EhN_" />

The heritage retention strategy is central to the scheme. The development application notes that the Brunswick Home Furnishers Showroom and adjoining heritage buildings will remain, with only non-significant structures on the site earmarked for removal under a previously issued Heritage Exemption Certificate. Levels one and two of the new podium are recessed behind the heritage façades to maintain their prominence within the streetscape.

Jackson Teece has drawn inspiration from the site's manufacturing history when designing the podium. The planning documents state that the façade incorporates perforated metal screening that references the woven and rattan furniture historically produced on the site. Cascading and climbing plants are integrated throughout the podium to soften the building's presentation and screen parking levels behind. The landscape strategy also informs the project's name, Lotus on Water Street, drawing on the historic Spring Hollow waterholes that once ran through Spring Hill and the blue water lilies associated with Meeanjin, Brisbane's traditional name.

The proposal also incorporates the neighbouring property at 141 Warry Street, currently occupied by a healthcare service. The existing building would remain, with nine dedicated parking spaces allocated within the new development to support its ongoing operation. In total, Lotus on Water Street proposes 117 car spaces, including 110 resident spaces and seven visitor bays, alongside 100 bicycle spaces.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="70cf07bc-4fd8-4e70-92dd-be8b21c4e4f0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20site.png?VersionId=txlxrJImM0Sm_vTzHVKh5DDUkyL_CiiA" />

The site sits within the Spring Hill East Precinct of the Spring Hill Neighbourhood Plan and is positioned around 650 metres from both Fortitude Valley Station and Exhibition Station. It is also within walking distance of the King Street precinct, Royal Brisbane and Women's Hospital, Herston Quarter and Victoria Park, which is earmarked to become a major venue precinct ahead of the Brisbane 2032 Olympic and Paralympic Games.

Planning documents describe the location as a key gateway between Spring Hill and Fortitude Valley and highlight the area's increasing importance as new transport infrastructure and Olympic-related investment reshape Brisbane's inner north. The development team argues the project will contribute additional housing supply while activating a section of Water Street that has historically received less investment than other parts of the Valley.

Keylin has become increasingly active across Brisbane and southeast Queensland, assembling sites in strategic inner-city locations. They are currently selling and delivering <a href="https://www.apartments.com.au/new-apartments/oria-spring-hill-447-gregory-terrace-spring-hill-qld-4000">Oria Spring Hill</a>, just over 140 apartments due for completion in 2027.

Keylin plans heritage-led Lotus on Water Street apartment development in Fortitude Valley

Roseville is poised for a wave of new apartment development following the NSW Government's rezoning of land around Roseville Station under its Transport Oriented Development program.

The new planning controls have unlocked significant development potential within walking distance of the station, with a number of sites expected to be amalgamated and redeveloped in the coming years as developers seek to take advantage of the increased density allowances.

One of the more restrained developments in the precinct, and set among the first to be delivered having commenced well before the recent changes, is Hyecorp's Juliet. The boutique apartment project is already well under construction and remains on track to welcome residents by the end of the year, offering a markedly different proposition to many of the larger-scale developments now likely to emerge across the suburb.

[smartcode_project:default project_id=7395 project_image_fid=278194]

<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet</a> will comprise just&nbsp;34 one-, two-, and three-bedroom apartments opposite Roseville Station. For Hyecorp, which has delivered projects across Sydney's Lower North Shore for more than three decades, Roseville presented a rare opportunity to address a growing gap in the market.

"<a href="https://www.apartments.com.au/developments/roseville-nsw-2069">Roseville</a> has long been one of the North Shore's most tightly held and desirable suburbs, offering a unique combination of village charm, established greenery, excellent transport connections, and proximity to some of Sydney's best schools and lifestyle amenities," Hyecorp said.

"We recognised a growing demand from local homeowners seeking to downsize without leaving the community they have built their lives around. The location presented a rare opportunity to create homes that cater specifically to that buyer profile."

[smartcode_project:default project_id=7395 project_image_fid=278196]

The six-level development has been designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> as a collection of residences that feel more like homes than apartments. The brief centred generous floorplans, abundant natural light, quality finishes, and strong connections to outdoor space.

PBD Architects drew inspiration from Roseville's established garden suburb character, creating a building that sits comfortably within its surroundings rather than dominating them. The architecture incorporates natural materials, soft forms, layered landscaping, expansive balconies, and generous setbacks to strengthen the connection between residents and the suburb's leafy environment.

"The focus was on designing spacious, house-like residences for discerning owner-occupiers and downsizers who wanted to remain on the North Shore without compromising on comfort, privacy, or design," PBD said.&nbsp;

"Every apartment was to feel considered, timeless, and highly functional."

[smartcode_project:default project_id=7395 project_image_fid=278195]

Inside, residences feature engineered timber flooring, stone kitchen benchtops and splashbacks, integrated Fisher &amp; Paykel appliances, ducted air conditioning, and large outdoor entertaining areas designed to take advantage of district and treetop views.

Residents will also have access to a rooftop barbecue and lounge area, alongside practical amenities including parcel lockers, EV charging capability, bicycle storage, a dog wash bay, and a basement car wash facility.

The majority of purchasers so far have been local owner-occupiers from Roseville, Lindfield, Chatswood, Killara, and the broader Upper North Shore, many of whom are transitioning from larger family homes.

"Buyers are looking for spacious, house-like apartments that allow them to downsize without feeling like they are sacrificing comfort or functionality," Hyecorp noted.

"They value large kitchens, generous living areas, ample storage, quality finishes, secure parking, lift access, and low-maintenance living."

[smartcode_project:default project_id=7395 project_image_fid=278204]

Juliet sits directly opposite Roseville Train Station and within walking distance of Roseville Village, while Chatswood's retail and dining precinct is only minutes away. The development is also surrounded by some of Sydney's most established schools, including Roseville College, Ravenswood, Pymble Ladies' College, and Knox Grammar, as well as nearby parklands and golf courses.

Juliet is currently more than 75 per cent sold ahead of its anticipated completion in late 2026.

[smartcode_project_cta:default project_id=7395]

Juliet to sit quietly amid Roseville apartment boom

Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

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

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?

<html><body>
A Melbourne-based “passive” investor has paid $480,000 above the reserve to acquire the Commonwealth Bank’s Lilydale premises for $2.88 million as part of a Burgess Rawson portfolio auction. 
The sale at a 20% premium to the reserve price demonstrates the appeal of well-located bank premises with secure ASX-listed tenants. 
The property was last acquired for $1.75 million by a Lilydale-based investor less than five years ago, representing annual capital growth in excess of 10%. 
“It’s a sweet return when you add in the annual rent as well,” says Burgess Rawson’s Billy Holderhead. 
The recently refurbished two level 630 square metre building with two ground floor ATMs is rented by the Commonwealth Bank for five years with renewal options to 2025. 
The bank pays annual rent of around $129,000 per annum equating to a “very strong” yield of 4.49%. 
It was marketed by Raoul Holderhead and Jamie Perlinger of Burgess Rawson. 
At a Burgess Rawson portfolio auction in April, an investor paid $1.41 million at auction yesterday for the 491 square metre premises of the Commonwealth Bank on a corner site in the Swan Hill CBD in the Murray River region. The sale represented a yield of around 7% for the buyer. 
Another bank branch, the NAB outlet on Sydney Road in Kilmore, bringing in annual rent of around $39,000, sold for $800,000 to local investor after it was passed-in on a vendor bid of $820,000 – a yield of around 5%. 
In April, an ANZ bank branch in the Victorian heritage country town of Korumburra in South East Gippsland sold at auction today $462,000 well above pre-auction hopes of around $325,000 with bids starting $300,000. 
There were around six bidders and the property sold on a yield of around 5.2%.
</body></html>

lschlesinger-FZcF9M3vE6

Commonwealth Bank’s Lilydale premises prove a cash cow at auction

<html><body>
Residential builders in Victoria have experienced a high level of activity over the past five years - the envy of all other states, according to the Australian Construction Industry Forum.
But its latest forecast report suggests that this high level of activity won't be sustained over the next three years (2013-2015) as the state falls in line with an improving NSW residential building sector.
<img alt="ACIF_forecasts" height="329" width="470" src="/images/stories/2013/larry_uploads/ACIF_forecasts.jpg">
This may leave local home builders in Melbourne and Victoria lamenting their businesses’ decline when compared with past good times. But the better news is that, after a period of moderation, the residential building industry will resume good growth.
“It’s important for the Victorian building and construction industry to see the bigger picture and not to panic – the sky is not falling -  however the surging business they have enjoyed in the past will pull back to a more usual level,” says ACIF executive director Peter Barda.
“The ACIF Forecasts point to Victoria returning to pace with New South Wales, with Queensland close behind, cooling back from a surging local industry over the past five years,” he says.
“The Victorian building and construction industry can see the bigger picture of demand for their services by referring to good quality industry data.
“ACIF Forecasts are generated by data and facts, but also by local knowledge of what is really happening in the economic and social marketplace that drives Victorian building and construction.’’
The chart shows how a strong period for the Victorian residential sector has been out of kilter with the other states, and how it is returning to pace.
While the growth curve has changed, it is generally an upward trend for Victorian residential building.
</body></html>

staylor-63KgDrKwoY

Stellar Victorian residential building sector forecast to slow as NSW catches up

<html><body>
If the glass-half-empty members of society are right, prices aren’t rising right now. 
   But prices are rising, quite strongly in most of our biggest cities.   And it shouldn’t be happening.   It’s winter and there’s an election coming up. Markets are supposed to be stagnating.   They’re not scheduled to spark up until September, when it’s spring and the election is out of the way.   Welcome to the wonderful world of real estate furphies.   There’s no limit to the number of people telling us that the impending federal election is causing all kinds of uncertainty – and that real estate markets don’t grow when elections are in the offing.   But our real estate markets are growing. They’re growing more right now, in mid-winter with an election looming, that at any time in the past three years.   There are more positive indicators of real estate growth than at any time since 2010.   The Australian Bureau of Statistics has just published its House Price Indexes, which show an average 2.4% growth in capital city Australia in the June quarter and a 5.1% annual rise. This is an almost identical result to the findings of Australian Property Monitors and RP Data, published earlier.   All eight capital cities now have house price levels higher than a year ago. Only Hobart failed to deliver solid growth in the June quarter, according to the ABS numbers.   The ABS figures suggest prices have grown in the past three quarters, despite all the economic-election uncertainty that the media keeps chattering about.   The latest edition of the Homebuyer Confidence Index by mortgage insurer Genworth shows a significant rise in sentiment by real estate consumers, apparently oblivious to the fact they’re meant to be paralysed by insecurity and indecision because there’s an election on the horizon.   The home finance figures published by the ABS this week show yet another steady rise in the number of loans by owner-occupiers. Lending has been rising steadily since the start of the year, right throughout that period when Julia Gillard made a very early announcement of a distant election, then was deposed by Kevin Rudd, who then kept everyone guessing about when the election would be, until quite recently.   Why any of this matters to real estate markets remains a mystery.   I believe the chatter about economic uncertainty and election dampeners comes largely from those who are either (a) people who run poor businesses; or (b) investors who are looking for an excuse to avoid making decisions; or (c) economists who can’t think of anything original to say.   Ignore them all and just get on with it.
Terry Ryder is the founder of <a target="_blank" href="https://www.hotspotting.com.au/" rel="nofollow">hotspotting.com.au</a> and you can contact him at <a href="https://mailto:ryder@hotspotting.com.au">ryder@hotspotting.com.au</a> or <a target="_blank" href="https://twitter.com/hotspotting">twitter.com/hotspotting</a>.
<div> </div>
</body></html>

terryryder-YECXbqmri2

Real estate prices are rising, despite the supposed election uncertainty

<html><body>
Do you know what the two most commonly searched themes are on the Matusik Missive site?  
The most frequent is ‘property clock’ and the second, and not that far behind the clock, is ‘construction costs’.  
We have had over 200,000 visits to the new Missive site over the past nine months, with just over 1,300 people using the search button.  
So this week let’s cover construction costs.  
Before we start, we have approached several major construction firms, advisory bodies and the MBA themselves – about covering this topic as a Missive special guest.  
For whatever reason those we contacted either declined or didn’t reply.  So we have had to do this solo.  But given the interest in this topic – and it seems from many who are looking to do a renovation, either for themselves or as an investment – we thought we should give it a stab.  
But be forewarned – we are not builders.  
We have also used extensively the material available for free from RLB or Rider Levett Bucknall and in particular their Riders Digest Australia, Queensland Edition.  You can download this yourself, plus similar for most other Australian capital cities <a href="https://rlb.com/index.php/australia-and-new-zealand/research" target="_blank">here</a>.  
Do you get out Thirsty Thursday?  It is a fun filled read – with just six hyperlinks – designed to help sort out your reading pile.  And it does come out each Thursday.  <a href="https://www.matusik.com.au/" target="_blank">Go here</a> to subscribe.  Album and book reviews are included too!
Total building costs
These figures are based on a rate per net lettable area and include building works and services.  They exclude a range of things including land, professional and legal fees, car parking and the GST.  I have chosen the high end of the cost range.  The house, walk-up and townhouse figures relate to mid-quality product without air-conditioning.  The high rise apartment stock is ‘luxury’ quality with fully ducted air-con.  
Prices are at the March quarter 2013.  
Some of you might want to hit the snooze button about now, as the following is going to be somewhat loaded with stats.  It is the nature of the terrain.  
Houses
A new house costs about $2,300/m² to build in Canberra and Perth.  Costs are higher in Darwin and Melbourne, averaging around $2,600/m².  In Brisbane, they cost about $3,200/m² and close to $3,850/m² in both Sydney and Adelaide.  Why Brisbane and Adelaide are so high is a question worth asking and  I don’t know the answer.  Maybe someone with more smarts than I – so a lot of you – might know why.  
Townhouses
They are cheapest to build in Darwin ($2,300/m²) – again who knows why and the most expensive to erect in Adelaide ($3,200/m²).  The other major capitals all average about the same total building rate at about $2,600/m².  
Walk-up apartments
Darwin is the cheapest location to build new apartments under three storeys in height.  The average Darwin build cost is $2,300/m².  Perth’s costs average $2,800/m².  Brisbane’s, Melbourne’s and Canberra’s come in at around the $3,000/m² mark.  Again, Adelaide and Sydney are the most expensive, averaging $3,200/m².  
High rise apartments
For those buildings less than 20 storeys, the average total building cost is $2,300/m² in Darwin; $2,700/m² in Brisbane; $2,800/m² in Canberra and Melbourne; $2,900/m² in Perth and Sydney and again the highest in Adelaide at $3,600/m².  
For taller apartment structures, the average build cost leaps to $3,500/m² in Brisbane; $4,000/m² in Sydney and Melbourne and over $4,400/m² in Perth.  
Locational spread
Despite the results outlined, Brisbane is the cheapest capital to build something new in Australia.  This statement reflects total building costs across both new residential and other structures such as offices etc.  
Also, if we use Brisbane as the cost base, then building costs are 14% more expensive in Adelaide; 16% more in Canberra; 17% more in Melbourne; 20% more in Sydney; 24% more in Perth and 25% more in Darwin. 
I don’t understand why these figures differ so much when compared to the $/m² results outlined above.  But again, we are just messengers here.  
Queensland differentials
Again, using Brisbane as the cost base, building something new on the Gold and Sunshine Coasts is 5% cheaper than in Brisbane.  It costs 5% more in Cairns; 8% more in Townsville; 14% more in Mackay and 25% more in Gladstone.  
Site works/demolitions
When it comes to cleaning up a house for a major refurbishment and/or removing it entirely, RLB suggest that for a single storey timber house, the renovator should budget between $45/m² and $65/m².  For single and double storey brick homes, this budget range needs to increase by about $10/m².  
Michael Matusik is the founder of <a target="_blank" rel="nofollow" href="https://www.matusik.com.au/">Matusik Property Insights</a>, which has helped over 550 new residential projects come to fruition.  Read <a target="_blank" rel="nofollow" href="https://www.matusikmissive.com.au/">Michael’s Blog</a> or follow him on <a target="_blank" rel="nofollow" href="https://www.facebook.com/ThinkMatusik?fref=ts">Facebook</a> and <a target="_blank" rel="nofollow" href="https://www.twitter.com/michaelmatusik">Twitter</a> or connect via <a rel="nofollow" href="https://www.linkedin.com/in/michaelmatusik">LinkedIn</a>.
 
</body></html>

michaelmatusik-49YzLvdmNv

Estimating construction costs on residential houses to projects: Michael Matusik

<html><body>
Another Burwood guest house has been sold under the hammer - though at a substantially lower yield.
Located at 6 Rowley Street in Sydney's inner west, the guest house with 13 rooms and 11 bathrooms fetched $3.01 million.
It is currently returning $128,000 per annum, reflecting a rental yield of 4.25%. 
The 1,730 square metre property offers the possibility to extend and add more rooms or offers the potential for medium density redevelopment, subject to council approval.
Listing agent <a target="_blank" href="https://www.eldersinnerwest.com.au/961608/">Sebastian Bonaccorso of Elders Inner West Enfield</a> says there were eight registered bidders on the day and the buyer intends to keep operating the property as a guest house.
It’s the first time the guesthouse has switched hands in over 40 years.
Property Observer reported last month on a <a target="_blank" href="https://www.propertyobserver.com.au/news/a-burwood-guest-house-sells-with-a-high-rental-yield-of-139/2013071860016">45-room guesthouse in Burwood</a>, which sold for $3.74 million, reflecting a rental yield of 13.9%.
“There’s a shortage of rental properties and a lot of people looking for budget accommodation,” says Joe Vigorito of Raine and Horne Burwood.
The median house price in <a target="_blank" href="/news">Burwood</a> is $1.19 million, a 48.8% change in five years, according to RP Data.
</body></html>

ntrotman-Et3xWpamVh

Burwood guest house sells under the hammer for $3.01 million

<html><body>
The redevelopment of the former Yorkshire Brewery in Collingwood has been given the green light to commence construction after months of amending the proposed plans.
Located on Robert Street, the 4,500-square-metre historic site will be redeveloped into three residential towers featuring 350 apartments.
The towers range in height from 17 storeys, 14 storeys and 10 storeys.
<img src="/images/stories/2013/07/NUMBERS/collingwood-aug-7-one.jpg" width="470" height="675" alt="collingwood-aug-7-one">
The $200 million project by SMA Projects will include $6.7 million of heritage works and restoration on the historic brew tower, cellar building, silos and stables.
Development manager of SMA Projects Robert Murphy says the southern end of Collingwood has long been forgotten about.
<img src="/images/stories/2013/07/NUMBERS/collingwood-aug-7-two.jpg" width="470" height="624" alt="collingwood-aug-7-two">
“We see this as a strategic redevelopment site, with clear community benefits in the restoration of these heritage buildings and activation of a long derelict site,” says Murphy.
Studio apartments are 43 square metres and one-bedroom apartments range in size from 48 square metres to 65 square metres.
Two-bedroom apartments range in size from 64 square metres to 99 squares metre and three-bedroom apartments are 110 square metres.
A preliminary assessment expects one-bedroom apartments to be priced from $395,000 and two bedrooms from $480,000.
The development will also include 18 two-storey townhouses at ground level ranging in size from 87 square metres to 109 square metres.
Two separate one-bedroom residences will act as a hotel for visiting guests, with a nominal fee to cover housekeeping and maintenance.
Residents will be able to book short term stays in the serviced apartments to accommodate visiting friends and family when needed.
<img src="/images/stories/2013/08/collingwood-aug-7-five.jpg" width="470" height="313" alt="collingwood-aug-7-five">
Designed by Hayball Architects, the development will feature timber, exposed brick and concrete materials as a reference to the sites industrial heritage.
“It was our intent to deliver buildings that harnessed and respected the genius loci and history of the site,” says Tom Jordan, managing director of Hayball.
“There are heritage buildings of state significance to work with, so we set out to both reference and compliment these,” says Jordan.
The historic brew tower will be at the center of the project, as well as a 480-square-metre piazza with a wine bar, convenience store and deli.
Residents will also have access to a rooftop terrace, gym and formal dining room.
<img alt="collingwood-aug-7-six" height="332" width="470" src="/images/stories/2013/08/collingwood-aug-7-six.jpg">
The development is yet to be released but SMA Projects told Property Observer it has received an overwhelming response from the local area with people already registering their interest. 
The Yorkshire Brewery was designed by architect James Wood in 1880 and was the tallest building in Australia for 10 years.
It was purchased in 1909 by Carlton and United Breweries and ceased operating in the 1950s.
The median apartment price in <a href="/news">Collingwood</a> is $520,000, a 12.5% change in the past five years, according to RP Data.
</body></html>

Collingwood's historic Yorkshire Brewery residential redevelopment gets green light

<html><body>
The $440 million Pacific Bondi Beach development has appointed QT Hotels and Resorts as the operator of the hotel component.
The residential, hotel and retail development will feature 69 one- and two-bedroom hotel apartments ranging from $590,000 to $800,000.
Hotel apartments range in size from 38 square metres to 100 square metres, with hotel guests having access to a health club, gym, pool and concierge.
<img src="/images/stories/2012/09/pacificbondi.jpg">
Some 12 of the 69 apartments will have the option of a dual key configuration.
<a href="https://www.propertyobserver.com.au/new-south-wales/pacific-bondi-beach-to-test-the-tide-tomorrow/2012090656440" target="_blank">Pacific Bondi Beach</a> will comprise of 94 apartments, a 69-apartment hotel and a two-level retail and restaurant complex.
<img src="/images/stories/2012/09/bondipac1.jpg">
Buyers have a choice of units starting from beach pad studios of 35 to 44 square metres starting at $550,000.
The developer is Capitel Group's director Eduard Litver in partnership with Allen Linz of Rebel Property Group.
<img src="/images/stories/2012/09/bondipac2.jpg">
The residential, hotel and retail project has been designed by Andrew Andersons of PTW Architects.
Pacific Bondi Beach holds the <a href="/news">title of selling the highest priced apartment in Australia at $21 million</a> to boutique investment fund manager Will Vicars.
Construction is due to commence in September/October, with a scheduled completion date of early 2016.
</body></html>

Pacific Bondi Beach appoints QT Hotels & Resorts as hotel component operator

<html><body>
A five-bedroom home in Balwyn North is this week’s most expensive sale, selling under the hammer at its August 3 auction for $2.8 million, according to RP Data.
Located at 34 Aquila Street, the recently built home features timber parquetry floors, raised ceilings, a home theatre and a Miele kitchen.
Situated on 774 square metres, the property also includes alfresco dining with an outdoor kitchen and a pool.
A crowd of around 100 people attended the weekend auction, with two bidders going head to head, according to James Buyers Advocates.
The property was listed through Laurence Murphy and Maurice DiMarzio of <a href="https://www.hockingstuart.com.au/34_AQUILA_STREET_BALWYN_NORTH_VIC_3104" target="_blank">Hocking Stuart Balwyn.</a>
The median house price in <a href="/news">Balwyn North</a> is $1 million, a 7.1% change in the past five years, according to RP Data.
Top 10 most expensive sales:
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/34_aquila_street_balwyn_north_vic_3104/14758376" target="_blank">34 Aquila Street, Balwyn North, VIC, 3104,</a> five-bedroom house, sold at auction on August 3 by Hocking Stuart Balwyn for $2.8 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/24_waiwera_street_lavender_bay_nsw_2060/3623624" target="_blank">24 Waiwera Street, Lavender Bay, NSW, 2060,</a> four-bedroom house, sold on July 31 by McGrath Estate Agents for $2.75 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/10_halcyon_avenue_wahroonga_nsw_2076/7191203" target="_blank">10 Halcyon Avenue, Wahroonga, NSW, 2076,</a> five-bedroom house, sold at auction on August 3 by McConnell Bourn Wahroonga for $2.58 million 
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/5_lomond_place_castle_hill_nsw_2154/1783185" target="_blank">5 Lomond Place, Castle Hill, NSW, 2154,</a> five-bedroom house, sold prior to auction on August 3 by McGrath Estate Agents for $2.45 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/134_edinburgh_road_castlecrag_nsw_2068/1789665" target="_blank">134 Edinburgh Road, Castlecrag, NSW, 2068,</a> four-bedroom house, sold prior to auction on July 31 by Richardson &amp; Wrench Northbridge/Castlecrag for $2.43 million 
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/86_through_road_camberwell_vic_3124/10228692" target="_blank">86 Through Road, Camberwell, VIC, 3124,</a> four-bedroom house, sold at auction on August 3 by Jellis Craig Glen Iris for $2.4 million 
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/6/110_north_steyne_manly_nsw_2095/16416001" target="_blank">6/110 North Steyne, Manly, NSW, 2095,</a> three-bedroom unit, sold at auction on August 3 by Belle Property Manly for $2.32 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/86_glassop_street_balmain_nsw_2041/1256130" target="_blank">86 Glassop Street, Balmain, NSW, 2041,</a> four-bedroom house, sold at auction on August 3 by Belle Property Balmain for $2.3 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/22_dunois_street_longueville_nsw_2066/3868464" target="_blank">22 Dunois Street, Longueville, NSW, 2066,</a> three-bedroom house, sold at auction on August 3 by Richardson &amp; Wrench Lane Cove for $2.275 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/14d/5_tambua_street_pyrmont_nsw_2009/14955959" target="_blank">14D/5 Tambua Street, Pyrmont, NSW, 2009,</a> three-bedroom unit, sold at auction on August 3 by Morton &amp; Morton Pyrmont for $2.1 million
</body></html>

Five-bedroom Balwyn North home weekend's most expensive sale: RP Data

<html><body>
The Block auctions in 2013 are now over and we congratulate all the contestants on their big financial windfalls again this year.
From Trixie and Johnno ($205,000), Bec and George ($242,000), Kim and Matt ($250,000), Madi and Jarrod ($291,000) and the overall winners twins Alyssa and Lysandra ($395,000 including prize money), the total combined profit was $1,283,000, working out to be an average of $256,000 each which was $210,000 less each than last year’s couples.
These results were significantly lower than the year before where profits included Dale and Sophie ($355,000), Mike and Andrew ($434,000), Dani and Dan ($448,000) and the overall winners Brad and Lara ($606,000) made a total combined profit being $1,843,000, working out to be an average of $466,000 each.  
You would be disappointed if you were the Cameron Street Richmond contestants, who combined won less than four of this year’s contestants with total winnings of only $225,000. 
Unfortunately there were no absolute bargains to be had again this year, unlike our purchase of Polly and Waz’s house in 2011 for $858,000 for one of our investor clients, which we then leased out for $995 per week.  
The auctions started with the South Australian twins Alyssa and Lysandra’s level one apartment.  
We were bidding for a female home buyer downsizing from a bigger family home in Glen Iris and unfortunately were blown away by at least six bidders and an eventual sale price of $1,435,000.
Our client was disappointed we fell short as she had already missed out on two Victorian terraces in last year’s Dorcas St, South Melbourne Block auctions.  
Myself and other real estate professionals believed that Trix and Johnno’s  penthouse apartment on level five would set the benchmark, as the views would have it estimated to be worth at least $200,000 to $250,000 more than the other apartments.
I estimated that it would sell for around $1,650,000 to $1,700,000 based on comparable sales in the area and was surprised when it only sold for $1,601,000. 
We were one of six bidders representing a downsizer client who currently lives in a bigger home in the South Melbourne area.  
We were bidding for a male home buyer upsizing to a bigger property from his current Southbank apartment for Madi and Jarrod’s level four apartment and unfortunately were blown away by at least six bidders and an eventual sale price of $1,601,000.
Our client was disappointed but we stuck to our budget again. 
Russell Cambridge from Biggin and Scott Real Estate again did a textbook auction as he did in 2011 and made sure he got every last dollar out of two remaining buyers who slugged it out at the end.  
 
<hr class="system-pagebreak">
My predictions were then revised to around $1.5 million for the two remaining properties.
We were determined to try and secure one of these apartments for our female home buyer.
We knew we were in trouble when the under bidder of the last auction who bid to $1,600,000 started bidding for Bec and George’s level three apartment. 
A bit of banter and fun including offering to show the other bidder where the lift was so he could leave and let me buy it and offering to take him to dinner if he stopped bidding didn’t work and wasn’t enough! 
We were one of  six bidders who missed out to this gentleman who secured the property for $1,507,000.  
The last auction was my last chance to help my client achieve her dream of a lifestyle change to the vibrant inner city area of South Melbourne. 
I call myself an Aussie Battler as I just battle on and work hard through challenges and my competitive juices were flowing.
Having bid at over a thousand auctions over the last 13 years as a buyers’ advocate / buyers’ agent,  I used every bit of my experience to come up with a game plan that would be successful. 
I had known my client and her former partner who passed away as friends/clients/business partners for over 13 years since we both commenced businesses together and I was determined to help her open a new exciting chapter in her life. 
So just as one of my favourite inspirational characters Rocky did, I picked myself up of the canvas after four missed auctions and started bidding aggressively with strong confident knockout bids. 
My client was overwhelmed with emotion and tears as she could finally start her new life when the seasoned auctioneer Damian Cooley knocked it down to me for $1,455,000.  
My third experience bidding on The Block has definitely been an interesting one and I am surprised by all the attention I have received.
My favourite moment though was being interviewed by Rosso on the Merrick and Rosso radio show, which was great fun and being asked whether I was now going to be the new intruder on Big Brother! 
I look forward to being involved in The Block again next year which, rumour has it, won’t be moving too far and it will involve some warehouse conversions in Albert Park.
Frank Valentic is managing director of award-winning buyers' agency <a rel="nofollow" target="_blank" href="https://www.advantageproperty.com.au/">Advantage Property Consulting.</a>
 
 
<div class="pagenavbar" style="font-size: 14px;">
<div class="footerpagination"></div>
</div>
 
 
</body></html>

fvalentic-kJt4iZ5jDx

Bidding and winning at The Block Sky High auction day

<html><body>
A Sydney inner west development known as Montrose, has sold six of its seven townhouses since launching three weeks ago.
Located on Great North Road in Abbotsford, four townhouses sold for $1.19 million to $1.45 million to young professionals and young families.
“The buyers have been young professionals with one or two children looking to upgrade into a quality development with low maintenance,” says Eddie Mansour of Ray White Projects.
“The purchasers have predominantly been locals,” Eddie Mansour told Property Observer.
Two of the properties are to be retained by the developer – The Montrose Property Group.
Property Observer gathers three of the four sales have been to locals.
Each three- and four-bedroom townhouse is approximately 175 square metres internally with an external area of 80 square metres. 
Designed by Lufi &amp; Associates, the homes feature travertine floors and a mix of textures including render, sandstone and timber.
The kitchens boast Carrera marble, Quantum Quartz and Smeg appliances.
The last townhouse is listed from $1.4 million and is the largest with four bedrooms, two living areas and a plunge pool.
The townhouses are located close to Abbotsford Ferry Wharf, Abbotsford Village and Hen and Chicken Bay.
Montrose is scheduled for a mid 2014 completion.
The development is being marketed through Eddie Mansour and Kieron Stedman of <a href="https://www.raywhite.com/nsw/abbotsford/987930/#.UgAv9-BAt6o" target="_blank">Ray White Projects</a>.
The median unit price in <a href="/news">Abbotsford</a> is $718,750, a 29.5% change in the last five years, according to RP Data.
</body></html>

Latest Buying Insights

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

Editor's Picks

Developments

New apartments

New townhouses

News

Latest Buying Insights

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

Editor's Picks

Receive the latest news stories to your inbox

Developments

New apartments

New townhouses

News