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?

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The last time we saw mortgage rates this low was in 2009 and prior to that it was a brief period in 2001 and in 1970.
RP Data confirms that it has been more than 50 years since official interest rates have been this low and subsequently, the cost of borrowings, particularly for housing, is at some of the lowest levels seen over this time.
The standard variable mortgage rate is currently recorded at 6.2% and is much lower than the 20 year average of 7.6%.
<img height="209" width="470" src="/images/stories/2013/08/kusher-aug-5-chart-1.gif" alt="kusher-aug-5-chart-1">
Outside of a brief period in late 2008/early 2009, the current average standard variable mortgage rate is at its lowest levels since late 2001.
Discounted variable mortgage rates have been introduced over recent years and the vast majority of mortgagees receive these mortgage rates on their home loan which means that many variable home loans are now available at an interest rates below 5.5% with the big four banks advertising average rates of 5.4%.
With mortgage interest rates so low, it is no surprise that there has been a ramp-up in housing finance commitments, albeit from historically low levels throughout 2013, and a subsequent rise in transaction activity.
Another feature of the current market is that the less popular three year fixed mortgage rates are available at a particularly low interest rate. The average three year fixed mortgage rate was recorded at 5.15% at the end of June 2013.
<img height="239" width="470" src="/images/stories/2013/08/kusher-aug-5-chart-2.jpg" alt="kusher-aug-5-chart-2">
It seems more likely they will fall rather than rise over the short-term.
Of course, the vast majority of mortgagees continue to choose variable mortgages which have a higher interest rate - it is interesting to note the rising prominence of fixed rate mortgages.
 A number of lenders are currently offering fixed rate products at less than 5%.
<img height="237" width="470" src="/images/stories/2013/08/kusher-aug-5-chart-3.jpg" alt="kusher-aug-5-chart-3">
I expect that the housing market is likely to continue on its current trajectory of moderate value increases.
In fact, should the two additional cuts to interest rates come to fruition, value growth may start to accelerate.
Lower interest rates and the subsequent lower mortgage rates are undoubtedly providing an impetus for greater housing market activity.
<img height="238" width="470" src="/images/stories/2013/08/kusher-aug-5-chart-4.jpg" alt="kusher-aug-5-chart-4">
The key challenge will be maintaining this higher level of housing activity as the unemployment rate nudges higher, commodity prices head lower and with slower economic growth.
As a result, the markets more closely linked to the resources sector such as Perth and Darwin may record lower levels of value and rental growth whereas those such as Brisbane and Adelaide that have recorded a sustained period of under performance may start to pick-up as they start to look relatively more affordable, particularly compared to Sydney, Melbourne and Perth where value growth is currently much stronger.
Cameron Kusher is senior research analyst at <a target="_blank" rel="nofollow" href="https://www.myrp.com.au/">RP Data</a>.
 
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Two more rates cuts before any major residential price acceleration: Cameron Kusher

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<a target="_blank" href="https://au-01.adtomafusion.com/event/7721/private_media.propertyobserver.click/12934740/click?url=https://thesummitatcoffs.com.au"><img alt="L-The-Summit-C" height="188" width="470" src="/images/stories/2013/07/L-The-Summit-C.jpg" style="display: block; margin-left: auto; margin-right: auto;"></a>
Perfectly positioned and commanding superb views across the city to the Coffs Coastline, The Summit is a stunning boutique hillside retreat, developed by the award winning Village Building Company.  The development is a true testament to sustainable urban form and showcases a range of architecturally designed homes elegantly integrated into the naturally formed escarpment.
The Summit at Coffs Harbour offers a unique opportunity to become part of this exclusive community of superbly designed, generously appointed 3 bedroom family homes in a commanding position overlooking magnificent vistas of Coffs Harbour.
Close to all amenities and convenient to a wide variety of shopping, The Summit is just a few minutes to the central business district and harbour precinct.
The Summit offers a lifestyle choice of sophistication and has been planned with privacy and security in mind while providing a relaxed atmosphere so indicative of Coffs Harbour.
The Summit is a perfect example of Village Building’s commitment to sustainable urban development and indeed, to the local communities in which the Company operates.  The Summit commenced in 2007 and recently underwent a physical rejuvenation in readiness for the exciting vision that lies ahead.
The Village Building Company has been busily planning and documenting the next stage in the lifecycle of The Summit development, which will involve its connection to an elevated parcel of land on the north eastern side of the ridge line at the very top of the development which has breathtaking ocean and coastline views and represents a seamless integration between the Big Banana land holding and The Summit development.
The Homes at The Summit should prove to be a very sound investment in a project that will increase incrementally in value as the vision for The Summit is revealed.  This offers investors with an opportunity to purchase a three bedroom home, many with views of the ocean, which earns strong rental returns right from settlement.
A move to The Summit really is a move up to a dress circle lifestyle in Coffs Harbour.
For more information contact:<a href="https://au-01.adtomafusion.com/event/7721/private_media.propertyobserver.click/12934740/click?url=https://thesummitatcoffs.com.au" target="_blank"><img src="/images/stories/2013/08/L-VBC-Summit-VC.gif" width="200" height="224" alt="L-VBC-Summit-VC" style="float: right;"></a>
Phone: 02 6651 1929
Email: <a href="mailto:sales@thesummitatcoffs.com.au">sales@thesummitatcoffs.com.au</a>
<a target="_blank" href="https://au-01.adtomafusion.com/event/7721/private_media.propertyobserver.click/12934740/click?url=https://thesummitatcoffs.com.au">www.thesummitatcoffs.com.au</a>
DISPLAY HOME &amp; SALES OFFICE OPEN
SATURDAY 10am to 4pm and SUNDAY 10am to 3pm
Address: 3 Outlook Place
The Summit Coffs Harbour NSW 2450
(Right next to the Home Base Centre)
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po-LsXgBTHBmX

Village Building reignites The Summit Coffs Harbour

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So Sydney managed another preliminary auction clearance rate of 80% plus on the weekend.
According to Australian Property Monitors (APM), that's the fourth consecutive week of an 80% plus preliminary clearance rate.
And Property Observer readers were asked last week if Sydney could make it four weeks in a row.
Some 64% made the correct prediction.
That was a marked turn around on the 60% who didn't think it would get to its third consecutive week.
The first two weekend results were revised, after last auction results, to slightly below 80%, but the revision for the July 27 weekend was to 80.3%.
So later this week we will again ask if Sydney can continue the extraordinary 80% plus clearance rate run?
But today we ask:
{module Do you think housing affordability policy will become a 2013 federal election issue?}
Housing affordability supposedly ranks as a major issue among voters, according to the Auspoll survey, conducted between May 19 to June 21, when voters rated the importance of a list of public policy issues in the lead up to the 2013 federal election.
Some 84% said housing affordability was either quite important (39%) or very important (45%). Housing affordability was the fifth most important issue out of the 12 areas surveyed with the healthcare system of greatest concern(96%), followed by the economy (95%), crime and personal safety (94%), and then jobs and employment (91%).
Only 16% of those surveyed believed Australia was performing well when it came to housing affordability with 41% suggesting it was performing poorly.
Some 72% of those polled said they were unaware of either Labor or the Coalition having a clear plan to improve housing affordability.
 
 
 
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jchancellor-FAypfDUnLy

Do you think housing affordability policy will become a 2013 federal election issue?

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Listed Gold Coast developer Sunland entered into a conditional agreement earlier this month to acquire the first mortgage over Maddison Estate, the flagship residential development of collapsed developer and funder manager LM Investment Management.
Sunland will pay $24.75 million to acquire two unrelated Suncorp mortgages, one over Maddison Estate in Pimpama and another over Brisbane residential development Waterline Estate at Redland Bay.
Waterline Estate is a residential community at Thornlands developed and managed by Queensland developer Heritage Pacific and forms part of its $8 million Waterline Trust.
LM Investment Management, which managed the fund behind Maddison Estate was placed in liquidation by creditors last week.
KordaMentha and its affiliate firm Calibre Capital were <a target="_blank" href="https://www.propertyobserver.com.au/queensland/trustees-appointed-to-gold-coast-based-lm-managed-performance-fund/2013041560407">appointed joint trustees of the $350 million Gold Coast-based LM Managed Performance Fund</a> (LMPF) by the Queensland Supreme Court in mid-April.
The proposed $1.5 billion Maddison Estate project formed part of the LM Managed Performance Fund, which now in the hands of trustees David Winterbottom and Simon Vertullo of KordaMentha.
It is due to feature 1,500 homes.
In a statement Sunland said it intended to appoint the necessary advisers to realise the value of the loans over these developments.
The Gold Coast Bulletin reported that acquisition of the loans would allow for the two developments to proceed with managing director Sahba Abedian saying all possibilities were being reviewed.
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lschlesinger-FZcF9M3vE6

Sunland acquires first mortgage over LM Investment Management’s Maddison Estate 

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 We need a sensible conversation on how we want the housing market to look in ten to twenty year’s time, which isn’t dependant on pointless pot shots between bulls and bears.
Language is an important tool in the real estate sector and skewing data to either the positive or negative is a well honed skill which, as I explained <a href="https://www.propertyobserver.com.au/economy/the-property-industry-s-game-of-dodgy-economics-catherine-cashmore/2013072863587?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=mostread" target="_blank">last week</a>, more often than not masks the underlying trends actually taking place.
However, when it comes to property, there are no words more inflammatory, and drama inducing than bubble or bust.
Flag a headline which suggests either, and it will evoke a barrage of abuse from market speculators; hint that we have a pending housing crisis in Australia citing affordability concerns which are voiced loudly and clearly across a number of sectors, and you’re promptly labelled a doomsayer, laughably predicting an instant 40% market crash.
Try and have a sensible discussion on the matter and it’s marred with vested interests.
In the case of politicians, it’s the need to lobby for votes from the majority, above and beyond the need to improve the home buying environment for a small, but increasing non owning minority.
As I suggested a <a href="https://www.propertyobserver.com.au/economy/the-failed-politics-of-housing-affordability-catherine-cashmore/2013072163429" target="_blank">few weeks ago</a> – woe unto any politician who suggests capital values may fall, thereby reducing the entry level of borrowing a new home buyer needs to fund.
And for anyone who has even a basic grasp of how the world’s debt based monetary system works, which provokes a continuous consumer driven need for spending and growth, you’ll understand precisely why there is little concentration on policies to reduce debt and instead a greater concentration on how to make higher capital prices more affordable, with low interest rates, tax incentives, grants, and arguably failed attempts to boost supply.
However, Australia is heading into prevailing headwinds which will have an inevitable impact on our younger generations as we navigate our way into what’s undeniably an environment of weaker economic growth.
All the conditions that were at play during the golden years of capital gains in which household incomes were rising strongly, and the commodity boom was impacting the overall size of the Australian economy are slowing.
We have a growing in-balance of the proportion of working age individuals relative to retirees which will bear heavily on the percentage of Government funding (the tax payers back-pocket) over the next 40 years or so.
In 2009-2010 financial year 26% of the government’s budget was directed towards age related services (health, age related pensions, and aged care) – however, according to treasury projections, this figure’s expected to increase substantially over the next 40 years <a href="https://archive.treasury.gov.au/igr/igr2010/report/pdf/IGR_2010.pdf" target="_blank">“pushing the share of spending to almost half.”</a>
In response, a range of tax concessions currently enjoyed by Australian’s will need to be re-addressed and judging by the reaction to the abolition of the statutory formula for valuing fringe benefits on employer provided cars, it will be far from palatable, albeit, an unavoidable necessity.
I would expect at some future/future point, the current claims on negative gearing will also inevitably fall into question – not an opinion that meets wide agreement, however time will tell.
Income growth is slowing – as chief economist of Macro Business, <a href="https://www.macrobusiness.com.au/2013/07/household-income-growth-evaporates/" target="_blank">Leith Van Onselen</a> recently pointed out in relation to the latest ABS “Biannual Household Income and Income Distribution report“ covering the 2011-12 financial year:
“An examination of biannual income growth since 1996 shows that average real inflation-adjusted household income (pre-tax) has essentially flat-lined since 2008 when measured on a equivalised basis" (i.e. adjusted for household size and composition.)
Full time job growth is weak, with both hours worked and levels of underutilisation deteriorating.  Even NAB have come onboard with a recent research release highlighting Australia’s "ongoing sources of weak domestic demand" and in relation to the overall outlook for Australia’s economy make the rather startling, albeit sobering comment: "We are not optimistic."
Significantly, they picked up on comments offered by RBA Governor Glen Stevens in suggesting that Australia cannot rely on housing and consumption to plug the growth hole – bringing into line an almost certain August interest rate drop – further eroding savings.
However, whilst this may assist lowering the Aussie dollar, which will have a positive impact in the longer term, GDP growth is slowing and as we’ve seen over the past 12 months, as a tool, interest rates are limited in their effectiveness to stimulate those sectors of the economy most in need.
For example, in relation to housing, the marginal upward trend in building approvals evident since the low of 2011, has been moderated with the latest ABS figures showing new houses and apartments falling -6.9% over June (seasonally adjusted) – posting their third large fall in the past four months.
Even allowing for the usual volatility of short term data, this is low by historical standards and falls short of RBA forecasts.   In contrast the established market is enjoying an investor lead rally as funds are increasingly shifted from cash into residential real estate with 36% of loans going to this sector alone.
 
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In May of this year, 18.4 billion worth of housing finance for investment purposes was committed to – the highest level since January 2008. 
Prices in Sydney, Perth and Canberra are now reportedly back to their previous peaks and with the cash rate set for a further fall to 2.5%, it could be argued that we haven’t even started to touch the surface. 
As reported a couple of weeks ago from the new “SMSF Professional’s Association of Australia and Macquarie Bank” according to the ATO, between 2006 and 2013, SMSF property assets grew in value by 230% – "a higher growth rate than any other asset class."
Ahead of the hugely popular auction episode of The Block, the REIV commented that the result could not be taken as a reflection of the current market. 
However, I attended the auctions on the day and the buoyant competition that was clearly evident from those bidding, was not at all at odds with what we’re currently seeing on the ground in inner and middle ring Melbourne localities.
If you have a sensible head on your shoulders, and think it somewhat bizarre that a buyer would pay around $1.5 million for a three bedroom apartment that has four bathrooms, five toilets - with some hefty owners corporation fees thrown in for good measure, along with fixtures and fittings which are arguably dramatically overcapitalized for the property type - when the same dollars could purchase a renovated period terrace in one of the better streets of Albert Park, Middle Park or South Melbourne, then you get a small sense of some of some of the  crazy activity I’ve witnessed of late.
 
<hr class="system-pagebreak">
Most recently, the price of a 2 bedroom apartment in Melbourne’s bay-side suburb of Elwood, which achieved $830,000, yet an exact – or at least a very comparable - replica in the same block sold just two months prior for $715,000.
Or another from a local Woodard’s agency, who sold a three bedroom period home in Prahran with a reserve of $950,000, yet with approximately 200 in the crowd and six bidders, delivered a result of $1,325,000 with no recent comparable to suggest a price even moderately close to this level.
There is nothing particularly outstanding or unusual about these properties - neither in each circumstance are the results driven by home buyers looking for their dream dwelling and therefore, to some extent, a justifiable balance between price and desire for the one.
I could sight off the top of my head at least a dozen similar examples of investors overpaying for real estate, despite figures being somewhat inflated by lowering levels of stock.
Conversations with colleagues in Sydney, Perth and certain areas of Brisbane are full of similar tales of sheer amazement. Yet, as anyone who has an active interest in property or shares will tell you, markets run on fear and greed.
Or as Schiller said in his book irrational exuberance:
A “speculative bubble,” is “a situation in which news of price increases spurs investor enthusiasm, which spreads by psychological contagion from person to person, in the process amplifying stories that might justify the price increase.”
And although they were written with the USA housing market in mind, they’re words which aren’t wholly irrelevant when it comes to Australia’s current buying terrain.
As for first home buyers, the news is less joyous.
The latest ABS housing finance commitments note that first home buyers continue to play a long term decreasing role in the purchase of property accounting for only 14.6% of Australia’s buying market – which year on year is down -10.6%, with movements in percentages only fluctuating on the back of various grants an incentives.
Compare this with the 31.4% share during the 2009 boom – invoked by the first home buyer boost - and you’ll get the idea.
And whilst it can be argued that this figure is manipulated by the proportion of buyers who bought forward plans to buy under the Rudd stimulus, the longer term trend is particularly noticeable when looking at census data, with a sharp decrease in ownership between 1975 and 2010 for the age groups between 25-34 and 35-44 which has fallen from a peak of 61% to ‘around and about’ 45% currently.
Whilst demographic and lifestyle changes will inevitably result in a proportion delaying a purchase until later in life, it’s prospected a significant and growing percentage will remain trapped in the rental or social housing sector.
Rental rates have inflated strongly since 2007, RPData estimate a cumulative rise of 32.1%.
Any non-home owner locked in a ‘Catch 22’ of being employed in one of the capital city job hubsof Australia, will be hamstrung as they try to make headway against the escalating cost of accommodation.
So, when does affordability become an issue?
It’s wonderfully easy to create well worded speeches about halving the rate of homelessness with emotive sound bites filtered in for effect.
However, wishing a better life for the disadvantaged, who perhaps haven’t had the good fortune of inheriting the rewards of our golden years of growth, remains a charitable gesture without hard hitting policies which would inevitably impact the level of growth existing home owners could expect to achieve.
Albeit - unless we do so, Australia’s political powers are merely searching for answers with their right hand to problems they created with their left.
Instead, we need a sensible conversation on how we want the housing market to look in 10 to 20 year’s time, which isn’t dependent on pointless pot shots between bulls and bears.
If you listen to some market commentators, it will be an environment in which median prices in capital city localities will sit over a million in <a href="https://www.heraldsun.com.au/news/melbourne-homes-to-hit-1m-in-decade/story-e6frf7jo-1225821383815" target="_blank">10 year’s</a> time (a misguided prediction that has been lingering for some years – here’s another example <a href="https://www.propertyobserver.com.au/https://www.smh.com.au/articles/2003/07/05/1057179204746" target="_blank">written in 2003</a>) - so how about listening to the voices of those who have a degree of concern about their children’s future in an environment, is not prospected to be quite such an easy ride.
Catherine Cashmore is a market analyst with extensive experience in all aspects relating to property acquisition.
 
 
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catherinecashmore-6LXia3pPQj

Australia needs a sensible and honest discussion about housing affordability

<html><body>Australian Property Monitors (APM) has released a list of auction results in Brisbane for the weekend of August 3. <a target="_blank" href="https://www.homepriceguide.com.au/saturday_auction_results/Brisbane.pdf" rel="nofollow" style="font-size: 14px;">Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

APM's Brisbane auction results for August 3 weekend

<html><body>Australian Property Monitors (APM) has released a list of auction results in Adelaide for the weekend of August 3. <a href="https://www.homepriceguide.com.au/saturday_auction_results/Adelaide.pdf" target="_blank" rel="nofollow" style="font-size: 14px;">Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

APM's Adelaide auction results for August 3 weekend

<html><body>Australian Property Monitors (APM) has released a list of results from 262 auctions in Sydney for the weekend of August 3. The clearance rate was 81.3%. <a href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" target="_blank" rel="nofollow" style="font-size: 14px;">Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

APM's Sydney 262 auction results show a 81.3% clearance rate

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The property of five-time MotoGP world champion Mick Doohan, in the Tallebudgera Valley south of the Gold Coast, was passed in at weekend auction.
The 65 hectare property with a two bedroom worker’s cottage and was passed in on a vendor bid of $1 million.
It now has a $1.375 million asking price through McGrath agents James Ledgerwood and John Natoli.
The <a href="https://www.mcgrath.com.au/buy/house-tallebudgera-valley-qld-4228/187591/?searchID=31073045" target="_blank">1332 and 1368 Tallebudgera Creek Road</a> properties initially had $1.4 million plus hopes.
It cost $855,000 when purchased back in 1996. 
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Mick Doohan's Tallebudgera Valley property passed in

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Over the past five years to July 2013 dwelling values across Australia’s capital cities have increased by 14.8%. 
That’s interesting information, but for a lot of people it actually doesn’t mean much at all.  A percentage shift doesn’t provide a great deal of context about the raw magnitude of the change. 
Home owners are more interested in how much money they have gained or lost. 
Expressed in dollar terms, a 14.8% rise in dwelling values over the past five years has provided the average home owner with roughly an additional $63,000 onto the value of their home.
  Click to enlarge
<a title="Click to enlarge" href="/images/stories/2013/08/lawless-aug-5-chart-1.gif" rel="shadowbox"><img src="/images/stories/2013/08/lawless-aug-5-chart-1-small.gif"></a>
 Compared to the previous five year periods, the most recent half decade growth rate is relatively tame. 
Between July 2003 and July 2008 capital city dwelling values increased by just over 34%, equating to roughly $108,500 in capital gains over the period. 
The five year period from July 1998 to July 2003 recorded an even larger capital gain of 89.5% or a gross wealth injection of just under $150,000 for the average home owner.
The above figures are calculated by indexing the current median dwelling price across the combined capital cities historically based on the percentage change in the RP Data-Rismark Home Value Index (which specifically measures the change in dwelling values across the complete portfolio of properties).
 The same technique can be applied across the capital cities, with the results shown in the table below.
Click to enlarge
<a title="Click to enlarge" href="/images/stories/2013/08/lawless-aug-5-chart-2.gif" rel="shadowbox"><img src="/images/stories/2013/08/lawless-aug-5-chart-2-small.gif"></a>
 All capital cities have seen a rise in dwelling values from their respective low points. 
The recent recovery trend at the combined capital city level has seen the average home owner gain just under $30,000 in the value of their home based on a 6.5% recovery to date. 
As can be clearly seen from the graph below, the estimated average dollar value gain is quite different from city to city based on the extent and timing of the new growth phase.
Click to enlarge
<a title="Click to enlarge" href="/images/stories/2013/08/lawless-aug-5-chart-3.gif" rel="shadowbox"><img src="/images/stories/2013/08/lawless-aug-5-chart-3-small.gif"></a>
<div style="text-align: center;"></div>
 Darwin, where the housing market has recorded growth of more than 13% since bottoming out in January 2012 has recorded the most substantial dollar value increase at $56,638, followed by Perth at $50,249 then Sydney at $46,160. 
At the other end of the scale are Adelaide and Brisbane where the rate of recovery has been much more subdued with dollar value gains of $4,319 and $7,018 respectively.
Tim Lawless is national research director of <a target="_blank" href="https://www.myrp.com.au/" rel="nofollow">RP Data.</a>
Picture courtesy of Mike Cogh / flickr.
 
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