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

Joel Robinson

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

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

A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

[smartcode_project:default project_id=150999 project_image_fid=374005]

The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

[smartcode_project:default project_id=150999 project_image_fid=374010]

Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

[smartcode_project:default project_id=150999 project_image_fid=374002]

“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

[smartcode_project_cta:default project_id=150999]

Maréa Residences brings parkside apartments to Coolangatta

Melbourne developer PDG has secured Victorian Government approval for its $1.5 billion Southbank development <a href="https://www.apartments.com.au/new-apartments/the-one-1-queens-bridge-street-southbank-vic-3006">The One</a>, clearing the way for the long-dormant riverfront site opposite Crown to finally be developed.

The Minister for Planning has approved the project at 1-29 Queens Bridge Street, with the Department of Transport and Planning issuing the planning permit following its assessment.

The approval will allow PDG to develop the prominent 5,059 sqm site with a major mixed-use tower comprising premium apartments, including branded residences, a luxury hotel and boutique office space.

PDG acquired the site in late 2024, with its position directly opposite Crown's main entrance and near Melbourne's Arts Precinct making it one of Southbank's most significant remaining development opportunities.

<img alt="PDG" data-entity-type="file" data-entity-uuid="3933013e-6332-4386-b9be-089df05caf17" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.22%E2%80%AFAM.png?VersionId=sITIgBqDL0N3VNSMwWEmF5UA.uvcsRyu" />

Designed by COX in collaboration with ODO and PDG, the tower's architecture draws on the movement of the Yarra River, with six vertical pleats running the height of the sculpted facade.

The project will also see the heritage-listed Queens Bridge Hotel restored and incorporated into the development&nbsp;with new hospitality and public uses, including a rooftop venue.

A significant component of The One will be its residential amenity.

More than 5,000 sqm of resident facilities will be delivered across a single level, making it one of the largest consolidated residential amenity offerings proposed in an Australian apartment development.

The planning approval also incorporates a major upgrade of Queensbridge Square, which PDG will deliver in partnership with the City of Melbourne.

<img alt="PDG" data-entity-type="file" data-entity-uuid="73167fcd-1031-4b6f-a408-a064cfe45ed1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.17%E2%80%AFAM.png?VersionId=Pf1AEWxw6SNmBqR0zQW5lyEze.MtxgFp" />

The existing square will be revitalised as a new civic and pedestrian space along the Yarra River, strengthening the connection between the project, Southbank and the riverfront.

PDG Founder and Managing Director Vince Giuliano said the approval represented a major milestone for a site which has remained largely underutilised for more than 15 years.

“This is the most significant Planning Permit approval Melbourne has seen in recent years,” Giuliano said.

“For more than 15 years, this site has remained underutilised. This approval enables us to deliver a project that will contribute meaningfully to the revitalisation of Southbank, restore and reactivate an important heritage building, and create a new civic and hospitality destination for Melbourne.”

The latest approval follows an earlier planning permit issued by the City of Melbourne covering demolition works across part of the site at 9-29 Queens Bridge Street. Those demolition and early works are already underway.

PDG has also started generating early interest in the residential component from owner-occupiers ahead of a planned public launch in early 2027.

PDG secures approval for $1.5bn Southbank apartment development, The One

Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

&nbsp;

Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

First look: Harridan plans Burke Street transformation beside Boggo Road transport hub

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?

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

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

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More than a quarter (28%) of distressed commercial properties listings over the June quarter were residential development sites, according to the latest LandMark White Forced Sales Monitor.
The next highest proportion were industrial properties (19%) followed by leisure (13%) – hotels, resorts and other accommodation providers.
The monitor tracks the proportion of commercial properties listed for sale by mortgagees, receivers or liquidators on the Eastern seaboard.
The report notes that majority of listed receivers’ stocks was found in regional rather than metropolitan areas, with the regional share at 64% in the June quarter. Over the year to date, the split was 75% regional to 25% metropolitan areas
The high proportion of forced sales of residential development sites - many in regional areas - comes at the same time as a rising numbers of small debenture investors are caught out by non-bank lenders that have on-lent their funds as mortgages over risky residential development projects.
<img src="/images/stories/2013/larry_uploads/LMW_forced_sales.jpg" width="470" height="308" alt="LMW_forced_sales">
The most recent to run into trouble was <a href="/news">Victorian-based Gippsland Secured investments (GSI), where $154 million of funds have been frozen.</a>
Other non-bank collapses – LM Investment Management, Provident Capital, Banksia and Wickham Securities – all provided funding to residential development projects, often as lender of last resort charging very high interest rates.
Overall the proportion of properties listed as distressed sales was unchanged at 23% over the June quarter - below expectations of a pick-up in distressed listings - with Queensland accounting for more than half of these (57%) followed by NSW (26%) and Victoria (7%).
Ross Horsley, research manager at LandMark White notes that it was the fifth time in seven quarters that more than half of all distressed listings were in Queensland.
The New South Wales share of distressed listings increased from 9% in the March quarter to 26% in the June quarter taking its annual share to 19%.
The Victorian share of receiver sales listings dropped to 7% in the June quarter, from 15% in the March quarter.
“The garden state recorded its lowest number in the series so far, with only seven commercial properties being advertised on behalf of receivers,” says Horsley.
He points out while an expected rise in distressed listing did not eventuate and is a positive sign for the commercial property market, “the fact that there was a relatively small number of properties advertised at all meant that the distressed share of the market remained close to one in four, at 23%”.
“With this drop in both distressed and ‘normal’ volumes, the latest results are open to interpretation.
“A positive view is that the lower number of distressed listings means that the mortgagees and receivers have worked through their stock and there should be fewer forced sales going forward. And, the reason there were fewer total listings is because owners are under less pressure thanks to the low interest rates, so they can wait for an improved market to sell. With less available stock and a lower proportion of distressed stock, the market will finally have a chance to strengthen.
“However, the opposite view is that the drop in total listings is a sign that the commercial property market is stalling from a very slow pace, and, the reason the distressed numbers are also falling is not because of a lack of stock, but because receivers and mortgagees are releasing only as much as they feel the market can absorb.
“On the evidence of the Forced Sales Monitor, that saturation level appears to be around 25%, and with this constant level of distressed stock and only those owners under pressure to sell doing so, the market will soften further,” he says.
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lschlesinger-FZcF9M3vE6

Residential development sites remain riskiest investments with one in four “distressed”: LMW monitor

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The first images of a new Sydney development by Crown Group have been unveiled, with designs by Koichi Takada Architects.
The residential development will feature a 24-level modern glass-and-steel tower with a curved steel roof structure. 
It will also include heritage inspired archways on lower levels and a through-site pedestrian walkway between Clarence and Kent Streets.
Koichi Takada Architects were selected as the winners of the design competition for the building located at 161-165 Clarence Street.
Crown Group chief executive Iwan Suito says Koichi Takada Architect’s design would utilise the entire site to its full potential.
“Koichi Takada Architects have competed against a field of world-class architecture firms to win this competition,” says Sunito.
“Koichi Takada Architect’s striking design is an exceptional use of space, bravely combining functionality with architectural flair and creativity to a standard befitting this first-class location in the heart of Sydney’s CBD.
“This building will be unlike any other in Sydney,” says Sunito.
The development will have a rear façade on Kent Street and will be accessible to pedestrians via Clarence, Kent and King Streets.
It will include 200 studio, one-, two- and three-bedroom apartments with retail, commercial and a restaurant precinct on the ground floor.
“Inspired by the characteristic arches and masonry of Sydney’s significant heritage, a duality is introduced to the façade, represented by the varied aesthetics of the podium and modern and elegant tower,” says Koichi Takada, founder of Koichi Takada Architects.
“The through-site link adds public benefit and is designed to enrich and regenerate public amenity in this area of the CBD.
“The sculptural tower element floats above the podium, shaping the skyline with a gentle and organic form,” says Takada.
<img alt="crownjuly24one" height="517" width="470" src="/images/stories/2013/07/crownjuly24one.jpg">
Crown Group purchased the 936-square-metre site last year for $29,977,292 million.
Construction is expected to commence in mid-2014.
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Koichi Takada designs new Sydney CBD development by Crown Group

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Harry Triguboff will quit the Gold Coast apartment market after completing construction of Meriton's Stellar Apartment project at Southport. 
The Meriton website confirms that Stellar will be its “last development on the Gold Coast” following the release of the final stage of its $1 billion Brighton on Broadwater project.
The residential tower is set to rise to 55 levels and featuring around 500 apartments as well as over 30 shops, an on site recreational complex with indoor heated pool, sauna, spa and gymnasium, overlooking the Broadwater and Nerang River.
Off-the-plan sales of Stellar apartments have yet to begin, but interested parties are asked to register their details with Meriton.
When completed it will be the tallest tower in Southport, designed by DBI architects, and featuring, one, two and three bedroom apartments with views of the Broadwater, Pacific Ocean and Surfers Paradise skyline.
Around 600 apartments in Brighton on Broadwater have been retained as serviced apartments - a market Meriton sees as key to its future growth.
Triguboff, who turned 80 earlier this year, told the Gold Coast Bulletin the Gold Coast market was too volatile with developers needing assistance.
His comments suggest he will continue to focus his developments around Sydney, where he has been building up <a target="_blank" href="https://www.propertyobserver.com.au/developments/harry-triguboff-buys-mascot-site-for-%2447-million-with-plans-for-400-apartments/2013062562656">a large war-chest of inner city and suburban development sites.</a>
Harry Triguboff (pictured below), who built his first <a target="_parent" href="https://www.propertyobserver.com.au/new-south-wales/harry-triguboff/2013013159060">two-story development in the Sydney suburb of Tempe</a> in 1963, described Sydney as “economically solid” and a “big and old city”.
<img src="/images/stories/2013/07/Harry-Triguboffjuly24.jpg" width="470" height="373" alt="Harry-Triguboffjuly24">
"The Gold Coast is still building up,” he said, with developers put off by its booms and busts.
The news that Meriton will exit the Gold Coast after 17 projects will come as a blow to the local real estate industry, developers and investors, given the negative publicity around the local high-rise apartment market and the failure of other high profile high-rise projects.
Triguboff suggested an intriguing solution to the Gold Coast market – offering differential interest rates.
"For instance, if mortgage rates were 5% in Sydney they could be 3% or 4% on the Gold Coast,” he said.
Triguboff’s first developments on the Gold Coast were the Nelson and Florida developments, in the early 1980s.
In the mid-1990s he built eight residential towers on Main Beach, Southport. He returned to the city in 1993, snapping up a succession of Main Beach development sites and building eight towers in the beachside suburb.
More recently he has focused on Brisbane with two high-rise apartment projects - the  completed 74-level Soleil tower, currently the city's tallest and Infinity, which will rise to 81 stories when completed in early 2014.
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Harry Triguboff to quit "volatile" Gold Coast market after one last high-rise hurrah

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A six-bedroom brick home with a 21.3-metre water frontage in New Farm is this week’s most expensive sale, selling for $5.2 million, according to RP Data.
The property sold at its July 20 auction through Matt Lancashire of <a href="https://rwnf.com.au/qld/new-farm/987473/" target="_blank">Ray White New Farm</a>.
Located at 9 Griffith Street, the 1960s two-storey home (pictured below) features in an indoor swimming pool, an internal lift, library and a media room.
{yoogallery src=[images/stories/2013/07/july24newfarm]}
The 962-square-metre allotment is split into two lots and is zoned medium density, offering the potential for a development.
The successful buyer has the option of demolishing the original home or to move in as is.
Lancashire says the property was purchased by individuals who will more than likely redevelop the site.
The property also includes a private pontoon.
It last sold in July 2002 for $2.5 million, reflecting a 6.85% annual price growth. It also sold in January 2002 for $2.8 million.
The median house price in <a target="_blank" href="/news">New Farm</a> is $925,000, a 14.4% decline in five years, according to RP Data.
The week's top 10 most expensive sales:
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/9_griffith_street_new_farm_qld_4005/6420292">9 Griffith Street, New Farm, QLD, 4005,</a> six-bedroom house, sold at auction on July 20 by Ray White New Farm for $5.2 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/14_pacific_avenue_tamarama_nsw_2026/6666727">14 Pacific Avenue, Tamarama, NSW, 2026,</a> four-bedroom house, sold on July 18 by GoodyerDonnelley Real Estate for $3.95 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/11/75_macleay_street_potts_point_nsw_2011/5576240">11/75 Macleay Street, Potts Point, NSW, 2011,</a> three-bedroom unit, sold on July 16 by Di Jones Real Estate for $3.6 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/1/8_aston_garden_bellevue_hill_nsw_2023/1366526">1/8 Aston Garden, Bellevue Hill, NSW, 2023,</a> six-bedroom unit, sold on July 17 by Sydney Sotheby’s International Realty for $3.1025 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/501/17a_hickson_road_dawes_point_nsw_2000/2077331">501/17a Hickson Road, Dawes Point, NSW, 2000,</a> three-bedroom unit, sold on July 18 by McGrath Estate Agents for $3.05 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/2_bloomfield_street_south_coogee_nsw_2034/6254105">2 Bloomfield Street, South Coogee, NSW, 2034</a>, four-bedroom house, sold on July 17 by Black Lifestyle Property Randwick for $2.9 million. 
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/1_netherby_avenue_netherby_sa_5062/10162548">1 Netherby Avenue, Netherby, SA, 5062,</a> four-bedroom house, sold on July 18 by Harcourts Brock Williams Luxury Property Selection for $2.65 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/113_seaforth_crescent_seaforth_nsw_2092/6144302">113 Seaforth Crescent, Seaforth, NSW, 2092,</a> three-bedroom house, sold on July 17 by Richardson &amp; Wrench Seaforth for $2.4 million 
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/6_pendey_street_willoughby_nsw_2068/7595464">6 Pendey Street, Willoughby, NSW, 2068,</a> five-bedroom house, sold prior to auction on July 20 by McGrath Estate Agents for $2.36 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/45/3_macquarie_street_sydney_nsw_2000/6610766">45/3 Macquarie Street, Sydney, NSW, 2000,</a> two-bedroom house, sold on July 16 by Ray White Lower North Shore for $2.3 million
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Waterfront New Farm property most expensive sale: RP Data

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I remember the days when experts predicted we would be working just 14 to 15 hours a week by now and would have so much leisure time we wouldn't know what to do with ourselves.   
Instead, the official workweek is still 40 hours and many Australians work considerably longer hours than that in order to finance their increasingly expensive lifestyles.
According to <a href="https://money.cnn.com/2013/07/09/news/economy/shorter-work-week/index">CNNMoney</a>, in 1930 renowned economist John Maynard Keynes predicted technological advancements would mean we would all eventually work just 15 hours a week.  
That same year, evolutionary biologist Julian Huxley predicted the two-day work week.  
Both men warned that someday, we would have so much leisure time we would be bored out of our minds.  
"The human being can consume so much and no more," Huxley said in 1930. "When we reach the point when the world produces all the goods that it needs in two days, as it inevitably will, we must curtail our production of goods and turn our attention to the great problem of what to do with our new leisure."  
More recently, I remember experts predicting that the advent of computers, the internet and the fast-paced growth of technology would mean we’d be able to telecommute and work from home. They predicted we would be able to work so much more efficiently that we’d have a shorter work week and longer vacations.
 
There is no doubt that technological progress has made us more productive than ever before.  
But rather than shortening our working hours, instant messaging, emails on our smartphones and the 24/7 news cycle just seems to have made life more frantic.  
Then there’s the fact that our more expensive lifestyle, coupled with inflation and taxes, means that living how we choose to live is costing more and many average Australians are struggling to make financial ends meet.
However, you’ll never become wealthy working longer hours (or shorter hours as was predicted).  
Sure, you’ll earn higher wages, but you’ll be taxed more; inflation will erode some and you’re likely to spend more.  
And of course, you can’t save your way to wealth – that’s just too hard.  
On the other hand, a group of Australians – strategic investors – have built themselves a substantial asset base of investment properties that act as a “cash machine” to replace their personal exertion income and fund their lifestyles allowing them to work two or three days a week if they choose to.  
Initially they worked hard, spent less than they earned, invested the balance and then kept reinvesting their funds following a proven investment strategy.  
There were no short cuts. It took time, often 10 but more like 20 years to allow the magic of leverage, capital growth and compounding to grow their asset base.  
But now they have choices in life. Now they can choose to work two or three days a week or not.  
As Warren Buffett wisely said: “Wealth is the transfer of money from the impatient to the patient.”
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Would you like to work two or three days a week?: Michael Yardney

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Property investing is set to become more male-dominated over the coming years, according to a new survey by mortgage comparison website RateCity.com.au.
It found that of those people who plan to invest over the next 12 months, 63% are men compared with 37% who are women.
Two years ago, the results were a lot closer with 58% prospective investors being men compared with 42% being women.
The results are compiled from RateCity database and the Nielsen CMV National Online Survey comprising responses from 69,592 Australians in 2013 and 32,924 in 2011.
Property investing is also growing  more appealing for younger Australians with the survey finding that those aged between 25 and 34 are the biggest age group intending to invest in property in the next 12 months.
This has changed from the end of 2011 when the biggest age group planning to invest in property was 35-44.
Overall, there was a slight increase of Australians planning to invest in property, with about 3% of the 69,592 people surveyed by Nielson planning to do so over the next 12 months - this excludes people who already own property.
Out of these people, 56% agree that it’s a good time to invest more, which shows that investors are more positive about the property investment market.
“It’s easy to see why property investment is an attractive option for many young Australians because of their risk profile,” says Alex Parsons, CEO of RateCity.
“They have more time to invest in property as property investment is generally a long-term strategy. It’s probably the first time for many young people to invest and property is a lower risk investment than other investment types.”
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Gender divide widens as men show greater affinity for property investing: RateCity survey

How have the investor magazine hotspots fared two years on?

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What had originally intended to be a media release packaged up as a transport article has morphed into something of a grander question of future sustainability and design for Melbourne's burgeoning west after some banter at Apartments.com.au. Last Thursday saw Planning Minister Matthew Guy announce the rezoning of Wyndham Harbour, excerps of which are found below.

<blockquote>
State Government Rezones Wyndham Harbour

Today Minister Matthew Guy has announced the rezoning of a significant 10.37 hectare parcel of land in Wyndham City, Werribee in Melbourne’s west, facing onto Wyndham Harbour and Port Phillip Bay. This signals a boost in confidence from the State Government and a clear commitment to encourage infrastructure and development within Melbourne’s west.

“Clearly rezoning the land is a statement of intent to deliver a critical mass of people, a viable population catchment and a thriving seaside community to service a proposed new Port Phillip ferry,” commented Lyons’ CEO, John Roysmith. It is envisioned that Wyndham Harbour will become a thriving, focal hub within Melbourne’s west. Wyndham Harbour will eventually become home to Victoria’s largest luxury marina, providing up to 1000 berths as well as incorporating a stylish master planned residential and retail precinct set to include an exciting combination of cafes, restaurants and specialty stores. Amenity aplenty will be provided along the Wyndham Harbour boardwalk, with 390 car parks, a marina club and a proposed new Port Phillip ferry service.

This vibrant coastal community will help provide much needed infrastructure and amenity for City of Wyndham, identified as one of the fastest growing local government areas in Melbourne. By 2026 over 20% of Melbourne’s 900,000 expected additional residents are projected to reside in Melbourne’s west, as the west is forecast to almost double in population with significant growth forecast to continue within the western corridor.

Also under construction at Wyndham Harbour is an apartment building designed by Fender Katsalidis Mirams containing 104 apartments (sold out), and a second five level apartment building designed by SJB architects containing 140 apartments is due for release later this year.
</blockquote>

The last paragraph above is of particular interest, the supply of 244 apartments into an area flush with detached housing. That stage one has sold out speaks volumes of the ever increasing propensity for individuals to choose apartment living over the traditional house/land package, even on Melbourne's fringe; Caroline Springs being the prime example with multiple apartment buildings up to nine levels at all stages of development. Apartments on the fringe? Absolutely!

Given appropriate transport links (i.e. pending Melbourne-Werribee ferry service and adequate rail services) the option of higher density living around activity centres/transport nodes should always be preferred, regardless of the location. This would decrease vehicle trips, alleviate stresses on Melbourne's already over burdened transport infrastructure while also providing essential services and amenity within a shorter distance to a greater number of people. Example, Joe Blow lives in Werribee close to both Wyndham Harbour and the Princes Highway, and commutes to Melbourne for work. Walk to a fast ferry terminal, jump on for Melbourne's CBD or alternatively continue to drive his car every morning into the rolling car park that is the Westgate Freeway.

Things must change before the urban errors that are Derrimut and Truganina (close to Wyndham Harbour) are replicated elsewhere in Melbourne's west. Truganina is a depressing excuse of a hole; no transport links, no amenity, no services, no entertainment/retail offerings... and no hope. Suburbs such as these that provide no stimulus are breeding grounds for social problems. I know, I've had the misfortune of working there many times over. Now some may say I'm completely wrong, but luckily Wyndham Council is not amongst them.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/Image352.jpg" rel="gallery-all" title="Images © Wyndham City Council &amp; Bird de la Couer"><img alt="" class="image-article-full-width-580px" height="202" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/Image352.jpg?itok=v6arwJ9L" title="Images © Wyndham City Council &amp; Bird de la Couer" width="580"></a>

<figcaption>Images © Wyndham City Council &amp; Bird de la Couer</figcaption></figure>Above left is Wyndham City Council's vision for Werribee and right sees Bird de la Couer's Alamanda Point Cook project; clearly apartment living will in due course become far more prevalent in Melbourne's west, as it should. Given there's only one auto crossing over the Yarra to Melbourne's west for the foreseeable future, high density housing options around transport hubs/activity centres is a highly efficient way to tackle a multitude of urban blunders that exist on the western fringe. The pace of urbanisation in these areas is highly dependent upon the correct implementation/realisation of mass use transport infrastructure projects, and seeing the Melbourne-Werribee ferry come to fruition would be a great start.

And one more request while I'm at it, if the green field sites in the initial image below of Wyndham Harbour are to be developed in the future, a nice mix of midrise buildings punctuated by open space would be the ticket.
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silvermb

Wyndham Harbour - A precursor to how the west might be won?

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The mortgage market picked up pace in July led by Victoria but with all markets apart from Tasmania showing momentum, according to the latest weekly RP Data Mortgage Market Index.
Victorian mortgage activity trended up 4.1% in Victoria with gains of more than 2% in NSW, Queensland and South Australia.
The index is leading indicator of mortgage market performance (and hence demand for housing) showing an 81% correlation with the ABS housing finance data series (88% using the seasonally adjusted series). 
It is based on RP Data systems monitoring more than 100,000 mortgage activity events every month across its four main finance industry platforms. 
<img alt="rpdatajuly22nine" height="250" width="470" src="/images/stories/2013/07/july22rpdatacharts/rpdatajuly22nine.jpg">
As the graph below shows, mortgage activity has been trending up since early 2013.
<div><img alt="rpdatajuly22ten" height="199" width="470" src="/images/stories/2013/07/july22rpdatacharts/rpdatajuly22ten.jpg"></div>
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Mortgage activity continuing to trend up led by Victoria: RP Data

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Vendors in Hobart and Brisbane - two of the weaker residential property markets - are discounting their asking prices by almost 10% in order to achieve a sale, the latest weekly data from RP Data shows.
In Hobart, a discount of nearly 10% applies to both houses and units, which are on the market for 81 days and 90 days respectively on average before selling, according to data for the week ending July 21.
Data for Brisbane shows greater discounts for houses (9.5%) than units (7.8%),
Houses and units are on the market for around a month in Sydney - the shortest time on market across all capital cities - while discounting is also modest by comparison to most other  capital cities, reflecting the strength of the market.
<img src="/images/stories/2013/07/july22rpdatacharts/rpdatajuly22seven.jpg" width="470" height="323" alt="rpdatajuly22seven">
Time on market is also high in Darwin - 81 days for houses and 93 days for units.
Click to enlarge
<a title="Click to enlarge" href="/images/stories/2013/07/chartjuly26onethumb.gif" rel="shadowbox"><img src="/images/stories/2013/07/chartjuly26one.gif"></a>
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RP Data measures ‘Time on market’ as the average number of days between when a property is first listed for sale and the contract date.
The rate of vendor discounting is the average percentage difference between the original listing price and the final selling price.
The data is based on private treaty sales only and records without a valid sale price have been excluded from the vendor discount analysis.
The analysis also excludes results where there are less than 10o bservations
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