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]

Joel Robinson

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

A local downsizer has splashed $6.5 million on a penthouse in Perifa's Alex &amp; Willow development in Crows Nest. 
&nbsp; 
The purchaser sold their long-held family home in the area before embarking on a six-month search for the right apartment. After inspecting a range of options across the Lower North Shore, the buyer returned to <a href="https://www.apartments.com.au/new-apartments/alex-willow-crows-nest-82-90-alexander-street-crows-nest-nsw-2065">Alex &amp; Willow</a>. 
&nbsp; 
The buyer profile reflects the project’s broader purchaser mix. <a>Alex &amp; Willow</a> has attracted predominantly local downsizers looking to transition from larger homes without compromising on space or quality, alongside a smaller cohort of upsizers and investors drawn to the project’s location and design credentials. 
&nbsp; 
The milestone sale comes as the project, developed by&nbsp;<a href="https://www.apartments.com.au/developers/perifa">Perifa</a>&nbsp;and delivered by <a href="https://www.apartments.com.au/builders/versatile-made-construction">Versatile Construction</a>, both part of Versatile Group, reaches 60 per cent sold.

[smartcode_project:default project_id=6680 project_image_fid=371325] 
&nbsp; 
Eddie Mansour, Managing Partner of <a href="https://www.apartments.com.au/project-marketer/ray-white-projects">Ray White Projects</a>, said the result demonstrates not only a headline price but also depth of demand. 
&nbsp; 
“This is an exceptional outcome and a clear reflection of sustained buyer demand for premium, well-located downsizer product,” Mansour said.

“We’re seeing a consistent pattern of local homeowners selling family residences and reinvesting into high-quality apartments that allow them to remain within their community. Alex &amp; Willow has resonated strongly with this group because it offers genuine scale, thoughtful design and immediate proximity to the village.” 
&nbsp; 
The sale reflects a broader and consistent trend of local downsizers actively seeking high-quality, low-maintenance residences close to established village centres. Agents report that demand for this product type has remained resilient, particularly where developments offer a rare combination of scale, design quality and walkable amenity. 
&nbsp;&nbsp; 
Fabrizio Perilli, Managing Director of Perifa and Versatile Group, said the sale marks a defining moment for the project. 
&nbsp; 
“The penthouse sale is a strong endorsement of the quality we have delivered, alongside our partners, and the clear demand from local downsizers for premium, boutique residences in this location,” Perilli said.&nbsp; 
&nbsp; 
“Most importantly, we’re proud to see the Alex &amp; Willow community beginning to take shape. As we move closer to completion, we’re looking forward to welcoming residents and seeing the project come to life.”&nbsp;

[smartcode_project:default project_id=6680 project_image_fid=338516] 
&nbsp; 
Designed by <a href="https://www.apartments.com.au/architects/nettletontribe">Nettleton Tribe</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richards Stanisich</a>, Alex &amp; Willow is a boutique collection of generously sized two- and three-bedroom residences in the heart of Crows Nest village.&nbsp;

Completion is slated for early 2027.

[smartcode_project_cta:default project_id=6680]

Alex & Willow, Crows Nest penthouse sells off the plan for $6.5 million

Fresh from launching the first stage of its Wollongong precinct, <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place</a>, builder-developer Urban Property Group has unveiled plans for the next phase of the masterplanned community.

Now on public exhibition through the NSW Government's Housing Delivery Authority pathway is a State Significant Development Application for a further 657 homes on the prominent gateway site opposite Beaton Park.

The proposal comprises three buildings, including two build-to-sell towers rising 25 and 30 storeys, delivering 391 apartments, alongside a 12-storey co-living building with 266 residences, making it one of the largest co-living proposals currently planned in regional New South Wales.

Of the apartments proposed in the build-to-sell towers, the majority, 310, are two-bedroom dwellings. The balance comprises 44 one-bedroom apartments and 37 three-bedroom residences. Apartment sizes range from around 50 sqm for one-bedroom homes to approximately 90 sqm for three-bedroom apartments.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="19347059-1612-41a0-9c74-b86a657237f8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%2010.02.18%E2%80%AFAM.png?VersionId=sWXnaCcA.cIC6N8YT1dg5pJ2e1V3Z6z7" />

The submission says the proposal has evolved significantly from its original Housing Delivery Authority application following extensive consultation with the State Design Review Panel and Wollongong City Council.

The final scheme has been designed to align with the emerging vision for the Flinders Street Precinct, an area identified by Council as a future high-density mixed-use neighbourhood capable of accommodating substantial housing growth close to transport, employment and community infrastructure.

According to the design report prepared by COX Architecture, the development aims to "deliver a built outcome consistent with the future character of the Wollongong CBD while responding to the site's unique constraints and opportunities."

"Our vision for the next phase of the site evolution in Wollongong is grounded in three design pillars that guide the design response: place, natural environment and celebration," COX said.

"Inspired by its surroundings and grounded in the stories of place on Wodi Wodi Country, the design proposal acknowledges the established character of its setting while creating a unique and timeless identity that sits harmoniously within it.

"The design proposal responds to its specific site conditions, acknowledging the vegetation, climate, wind conditions and solar access of the site."

The architecture responds directly to the site's position between Wollongong's urban core and its natural landscape setting.

COX identified views towards Mount Keira and the Illawarra Escarpment as defining features of the site, while the upper levels of the towers will also capture expansive views across the city and out to the Pacific Ocean.

The design team has positioned the tallest buildings closer to the rail corridor, where overshadowing impacts can be better managed while establishing a landmark built form on the northern approach into the city.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="79580d5b-500c-4ebf-9629-797146a4a694" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.51.59%E2%80%AFAM.png?VersionId=WbTB1EKSG.KDfsfz0F3wp1QVa2oCMGR5" />

Urban Property Group secured the 11,000 sqm Smith Street site in 2022 and has since progressed plans for the broader Keira Place precinct.

Construction recently commenced on the first stage of Keira Place, which will deliver 150 apartments across two residential buildings, including 27 affordable housing apartments and 18 specialist disability accommodation dwellings, alongside activated ground-floor retail and commercial space.

Urban Co-CEO Patrick Elias said the commencement of construction marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/groundbreaking-marks-start-of-construction-at-keira-place-in-wollongong-cbd">Groundbreaking marks start of construction at Keira Place in Wollongong CBD</a>

&nbsp;

&nbsp;

&nbsp;

Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place

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<a href="/expert-insights/buying/how-will-the-coronavirus-impact-australia-s-property-market"> COVID19 pandemic</a> has changed a lot.

Politicians are listening to experts - in the health sector, at least - and a great number of people are working from home, participating in a giant experiment that will have consequences in the residential, commercial and equally important transport spaces.

Any job that doesn't require a specific workplace (such as a retail premise, construction site or a laboratory for instance) or is not a job in the frontline/emergency and health services sector has been conducted in the employee's home.

Employers big and small are getting real-time data on the effect of working from home on their employee's productivity and vast numbers of employees are working from home for the first time, gauging whether it suits them or not.

Anecdotes started trickling through various media in April and have since turned into a steady stream of organisations - and employees - calling for a permanent change to how we work and where we work after the immediate danger of the pandemic has passed.

From jobs such as <a href="https://www.afr.com/companies/telecommunications/optus-staff-to-work-from-home-permanently-20200417-p54kro">traditionally office-based contact centres</a> at one end of the spectrum to <a href="https://www.afr.com/companies/professional-services/grant-thornton-kearney-reimagine-the-post-pandemic-office-20200601-p54yc8">lawyers and consultants</a> at the other end, it seems pretty clear through reporting that change is coming.

<h2>Flexibility is always welcome...</h2>

...yet not everyone will want to continue to work from home after COVID19.  To use my own anecdote that might be shared with other members of the community, prior to the pandemic, I was lucky enough to experience 100% work from office, 100% work from home.  I've also worked under a regime where - with varying layers of flexibility - I'd be split between two places during the week.  For instance 2 days a week at home, 3 days a week in an office - over a period of 15 years.

I've always favoured flexibility to isolate myself when I need to devise solutions (when I was business analyst) or use the creative side of my brain (when writing articles) because distractions - in the form of other human beings or incessant digital communication requests - don't help with my own productivity. 

Yet I could never see myself enjoying a permanent work from home experience in a medium or large-scale organisation because the casual interactions which tend to err on the side of distraction when you are accomplishing tasks that require focus - as mentioned previously - can also be beneficial in certain contexts like when you need to brainstorm ideas or decide upon weekly/monthly goal setting. 

I could also not see myself remaining interested enough in an organisation if I was forced to interact with colleagues 100% of the time over impersonal digital communications platforms.

<h2>Orthodoxy, be damned</h2>

Getting employees to their place of employment is one of the major tasks of our transport network - this is everything from those who walk or cycle to work, catch public transport or drive to their place of employment.

And in a post-COVID19 world, if the steady stream of anecdotes published throughout the media do come to fruition - that a greater number of people will be working from home, either permanently of with varying levels of flexibility - then we have an opportunity to permanently change the way we think of peak hour and the lived experience of it.

For every person who works from home, either permanently or on a flexibility arrangement, that's one less trip the transport network needs to manage.   

Yet if the bulk of people who shift to working from home do it on a set timetable, like Mondays and Fridays, the peaks would become more intense on the other working days in the week. 

The ideal scenario would be that employers rotate rosters of people who work on a flexible arrangement so that we get across the board reduction in people traveling in peak on every weekday - journeys will be more pleasant with the same level of peak services.

There's also an argument to be made the concept of a weekend or Saturday/Sunday timetable needs to be ditched or dramatically altered.  If we get the working week right - through the reduction in trips by car and public transport - squeezing more out of what we already have - then we can't have everyone take to their cars on weekends, clogging the transport network up again.

<h2>Is it time to re-think long-distance inter-city commuting?</h2>

Taking the logic of continuing to work 1 or 2 days a week in a Melbourne office or any other state capital and the remaining 3 to 4 days an employee would work from home, it follows that the employee wouldn't necessarily need to live within metropolitan Melbourne.

Since the Regional Fast Rail projects of the 2000-2010 decade came online, patronage on Vline services has grown markedly.  Excluding the astronomical growth on the Geelong long that can be attributed to outer suburban patronage growth in places like Tarneit, more people are traveling from the regional cities and towns that surround Melbourne.

Where once I would have seen the logic in planning orthodoxy that resisted inter-city commuting, and facility far more of it, when it occurs less frequently, but with more people, the argument that the regional cities will become dormitory towns for the big smoke becomes a lot harder to justify.

For the regional towns and cities, it's an opportunity to create shared workplaces which in turn will create agglomeration benefits in those towns and cities much like central Melbourne (or any other state capital) sees with all the ancillary businesses that serve office workers.  It, naturally, also benefits them from growing their respective populations which in turn would create more local jobs there as well.

For businesses with centralised offices whether it's in the CBD or a suburban node they can diversify the space they own or lease. 

Sure, you can be a cynic and point out the bean-counters in organisations will likely push for a reduction in office space if a large number of a business' employees start working remotely to save on outlays, but there'd also be an argument those workplaces could evolve and adapt to tasks they'll need to facilitate when the remote employees are on. their weekly jaunt in the office.

For capital cities, it means the pressure on housing sectors mightn't be as great with regional cities shouldering a much higher portion of the population burden.

For Victoria and to an extent New South Wales but not realistically any other state, this would mean the transport focus should shift to increasing capacity for regional services (which is a focus in Victoria and belatedly now in NSW) and connecting nodes in metropolitan areas so journeys can be facilitated by public transport rather than existing road networks.

That's one logic path - there may be others, however everyone should prepare for orthodoxy to be challenged in a post-COVID19 world.

Lead image credit: <a href="https://commons.wikimedia.org/wiki/File:Refurbished_Vline_Vlocity_Interior.jpg">wikipedia</a>.
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Alastair Taylor

What should happen after The Great Work From Home Experiment concludes?

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EXPERT OBSERVER
As Australian house hunters wade through the economic uncertainties brought on by COVID-19, it seems many are hoping to stumble upon a bargain.
We are yet to see any dramatic shift in house prices despite some economists predicting increases as well as major price falls – some even say the falls are already occurring.
Nevertheless, house hunters appear to be preparing to strike when the iron is hot, which is evidenced in very high levels of buyer search activity on realestate.com.au during the health crisis.
They might get what they’re hoping for in spring when financial supports from the Federal Government and the banks – which are largely keeping the property market afloat – grind to a halt.
Characteristics Australians look for in properties under $400K
The average property seeker on realestate.com.au shows a strong preference for a house with four bedrooms, two bathrooms and two car parks.
For those looking at cheaper homes – under $400K – houses are still preferred, but the greater availability of cheaper apartments means many will end up looking at apartments. Preferences for cheaper houses are three bedrooms, two bathrooms and one car park.
Perhaps the only consistency between both buyer types is air conditioning and secure parking, with these features being the most popular for both.
Beyond that, regular buyers show a much stronger preference for a swimming pool while bargain hunters are satisfied with built-in-robes.
Most in-demand affordable suburbs and properties
Every city has affordable suburbs, but Adelaide and Hobart top the list for the most in demand. Rosewater in Adelaide, only 10km from the Adelaide CBD and containing some lovely period homes, is currently the most in-demand affordable suburb in Australia.
Coming in at number two is New Town in Hobart where it might not be possible to purchase a house for under $400,000, but you can certainly get a unit. Not a bad price for waterside living. 
<div class="flourish-embed flourish-table" data-src="visualisation/2595461?206536" data-url="https://flo.uri.sh/visualisation/2595461/embed"><img src="https://www.urban.com.au/images/2020/7/1/REA%20MAY%2031.JPG" alt=""></div>
If $400,000 is out of the budget, and rural living isn’t an issue, <a href="https://www.realestate.com.au/property-house-sa-kadina-130477510" target="_blank">an ultra-cheap one bed, one bath, and one car is available in Kadina</a> – 150km from Adelaide – for $35,000. Marketed as unliveable and unsafe to walk through, the 950sqm of land may appeal.
NERIDA CONISBEE <a href="https://www.realestate.com.au/news/author/nerida-conisbee/" target="_blank">is the chief economist for the REA Group</a>
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nconisbee-4KnoX9XmtH

What bargain buyers want the most: REA's Nerida Conisbee

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In total this week, 867 capital city homes were scheduled for auction, with preliminary results returning a 65.9 per cent clearance rate, according to CoreLogic data.
Last week, their findings showed 612 homes scheduled for auction and a final clearance rate of 62.7 per cent, while one year ago, there were 1,661 homes taken to auction and a 58.0 per cent clearance rate.
In Melbourne, 259 homes were scheduled to go under the hammer this week. So far 192 auctions have been reported, returning a preliminary success rate of 71.9 per cent.
The previous week saw a final clearance rate of 68.0 per cent across 168 auctions.
<img src="https://www.urban.com.au/images/2020/5/28/Melb%20May%2031.JPG" alt="">
In Sydney, 469 homes were scheduled for auction this week, returning a preliminary clearance rate of 68.1 per cent across 320 results.
In comparison, last week saw 309 homes taken to auction with a success rate of 65.0 per cent.
<img src="https://www.urban.com.au/images/2020/5/28/Syd%20May%2031.JPG" alt="">
Notably 31 auctions were withdrawn in Sydney last week, the most since mid-April.
Although the number of auctions held remains low, since restrictive policies around open homes and onsite auctions were lifted, the trend has been towards more auctions held and a substantial reduction in the proportion of auctions withdrawn prior to the event.
The number of auctions held this week was the highest since the week ending April 19th.
<img src="https://www.urban.com.au/images/2020/5/28/CL%20MAY%2031.JPG" alt="">
Across the smaller auction markets both Adelaide and Canberra saw preliminary clearance rates over 65% while Brisbane's remained low at just 40.9%
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j.ballantyne1990-6AQqhLzZaK

Clearance rates strengthen but auction volumes remain low

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With its multitude of suburbs, each with their own pros and cons, Tamworth has an area for every home owner for each stage of their property journey, according to the latest Herron Todd White (HTW) residential report. 
The report suggests first home owners can be found throughout, but the typical suburbs are South Tamworth, Hillvue and parts of North Tamworth. 
"These suburbs offer older homes with a price tag of $200,000 to $350,000 which will get you a doer-upper at the lower end to a fully renovated 1980s brick dwelling at the upper end. Our demographic here tends to be younger owners either as a single occupier, young couple or family - think 20s to early 30s," the valuation firm said. 
"Our next demographic is those in their early 30s up to 50. This is where location and size count as typically buyers are looking to be in a good location for their kids to grow up with space to grow and play as the family does. Calala, Moore Creek, North Tamworth and East Tamworth are where we see most of these buyers," the valuation firm continued. 
Young families dominate the newer areas of Calala, Moore Creek and North Tamworth as they are able to secure a newish (less than five years old) four-bedroom, two-bathroom dwelling with no work needed on a comfortable 700 plus square metre lot, all for under $550,000 depending on the home. Those looking for proximity to schools and the CDB focus on the blue chip area of East Tamworth.
A new four bedroom house on a 700sqm block in Calala is currently on the market with a price of $479,000.
Situated at <a href="https://www.realestate.com.au/property-house-nsw-calala-133037706" target="_blank">37 Eagle Avenue </a>(pictured below), the family home comes with three living areas plus covered alfresco living, open kitchen/family/dining room and double garage. 
Other features include landscaped backyard and stainless steel fittings in kitchen.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/3/23/calala.jpg" alt="">
"While the in town properties certainly attract a lot of buyers, let’s not forget about those who want a bit of space for the horse or motorbike. This is where the small acreage (one to ten hectare) properties of Moore Creek and Daruka come into play.
"Out in these areas, we predominantly see either young families moving for the space or older owners who have raised their families and watched them leave, but are not yet ready to down size," the valuation firm said. 
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"Once we get to downsizers, all suburbs are fair game with a large range of new and old dwellings on smaller lots with easy maintenance available all over Tamworth," the valuation firm stated. 
New builds in North Tamworth and Calala are very popular, but so are older renovated dwellings in East Tamworth that offer proximity to the CBD, the report noted. 
All in all, every suburb in Tamworth has owners from all stages of their property journey with no one suburb being ultimately dominated by any particular demographic. 
"With the continued low interest rates, we are seeing first home owners stretching that little bit more to secure themselves a property in the more prestigious area of East Tamworth.
 
"Along with this we are seeing first home buyers also getting into bigger, brand new homes in North Tamworth or Calala, where over the years there has certainly been more of a shift towards the younger demographic or first home owner." 
A three bedroom house in East Tamworth has recently been sold for $790,000.
Set on a 1,190sqm block, the 1940s house at <a href="https://www.realestate.com.au/sold/property-house-nsw-east+tamworth-132282134" target="_blank">111 Upper Street</a> (pictured below) comes with 4 optional living areas, verandah overlooking the courtyard and single carport. 
Other features include high ceilings , original stain glass windows, renovated bathroom and under house storage. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/3/23/east%20tamworth%20.jpg" alt="">
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Tamworth property market has homes for every stage of the property journey: HTW residential 

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Home owners in the Illawarra "tend to come in all shapes and sizes," according to a recent Herron Todd White (HTW) residential report. 
The report notes first home buyers compete with small time investors for lower value properties.  
It nominated a $600,000 house in Corrimal, a $400,000 unit in Wollongong, a $425,000 house in Dapto, a $400,000 house in Warilla or a $325,000 house in Nowra.
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"Most of the region’s more desirable locations such as the northern suburbs, Shell Cove and Kiama are priced out of reach for most typical first home buyers. Local real estate agents are currently reporting that demand from first home buyers for lower end stock is strong," the valuation firm said. 
A renovated two bedroom house with a big back yard in Warilla has recently been sold for $405,000.
Located at <a href="https://www.realestate.com.au/sold/property-house-nsw-warilla-132634154" target="_blank">61 Lake Entrance Road </a>(pictured below), the house features separate lock up garage, outdoor entertaining area and off-street parking for 2 cars. 
It is situated close to restaurants, pubs, shops and transport. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/3/23/warrila.jpg" alt="">
Second home buyers are usually families looking to upgrade out of their first home for some more space or more modern comforts.
 Higher incomes allow the budget to stretch further than a first home buyer and the type of property can vary depending on the buyer’s appetite for doing the renovation themselves or the desire to move straight in and not have to do any work. 
Due to the higher budget, second home buyers are found throughout most parts of the Illawarra. They could be looking at a $1 million house in Thirroul, an $850,000 house in Fairy Meadow or Figtree, a $750,000 house in Horsley or Albion Park or a $600,000 house in South Nowra.
A four bedroom house on a 929sqm of land in Thirroul has been listed for sale with $1.25 million to $1.3 million hopes. 
Situated at<a href="https://www.realestate.com.au/property-house-nsw-thirroul-133054114" target="_blank"> 51 George Street</a> (pictured below), the house comprises separate dining, kitchen overlooking the back deck, undercover deck and veranda. 
Other features include double garage, high ceilings, ornate cornices and under house storage. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/3/23/thirroul.jpg" alt="">
Upgraders are transforming some locations such as Fairy Meadow, Towradgi and East Corrimal where the proximity to the beach and Wollongong CBD are attracting families to knock down and rebuild or significantly renovate and extend older style dwellings, the report noted. 
The last main category of home owner is the downsizer or retiree. Baby boomers are currently making up the vast majority of this category.
"The needs and wants of the downsizer or retiree will vary depending on a number of influences. Do their children and grandchildren live in the area or are they willing to move to a more comfortable location? Do they want to downsize in size but not in budget? Are they looking to change their family home to something in a lower value bracket that will allow them to use their equity during their retirement?" the valuation firm said. 
Semi-modern villas often appeal to this demographic or for those with a bit of cash, a nice modern Wollongong unit with ocean views can be on the agenda.
Harbour Square at 21 Harbour Street is a 2019 built, 33 unit development constructed by a well regarded local builder with two-bedroom units having sold between $900,000 and $1.15 million and three- bedroom units from $1.6 million into early $2 million.
The majority of the units were purchased by local downsizers.
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"The residential property market is traditionally made up of various demographics and buyer profiles across the Goulburn region," the valuation firm said. 
The median house price of $430,000 (Realestate.com.au), typically appeals to first home buyers looking to get their foot in the door with older style historic homes centrally located on tree lined streets and within close proximity to schools, parks and the CBD.
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However, the ornamental features do come at a cost for these older style properties, as they do require more upkeep and ongoing renovation works.
The report notes first home buyers are also attracted to the copious amounts of low maintenance house and land packages on offer in the numerous developments located further from the CBD such as the Teneriffe Estate and the Josephs Gate Land Development. 
Many young families who are also priced out of Canberra and the Southern Highlands see Goulburn as an affordable lifestyle alternative. These buyers are particularly more dominant in the executive style residential developments such as the Snow Gums Estate, Platypus Banks Estate and Run-O-Waters.
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"These developments are seen as good value for money and provide families with more elbow room for a larger home, shed and backyard," the valuation firm said. 
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First home buyers compete with small time investors for lower value properties in Illawarra: HTW residential 

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The Southern Highlands typically attracts a vast range of buyers within the local residential market, according to a recent Herron Todd White (HTW) residential report. 
The report notes the entry level market is dominated by first home buyers and typically makes up a value range of $450,000 to $700,000. 
"For the very entry level, say sub-$550,000, think satellite suburbs such as Hill Top, Colo Vale, New Berrima. We tend to see a large portion of first home buyers unable to afford the more affluent suburbs such as Bowral, however we do see some smaller more affordable dwellings snapped up for under $600,000 on less desirable streets in Bowral such as Price, Thompson and Sheaffe," the valuation firm said. 
A refurbished three bedroom house in Colo Vale has recently been sold for $560,000.
Sitting on a 765sqm block, the house at <a href="https://www.realestate.com.au/sold/property-house-nsw-colo+vale-132125630" target="_blank">12 Banksia Street</a> (pictured above) comes with open plan living, deluxe kitchen, covered deck and garden.
It has easy access to the motorway and is close to Mittagong town centre. 
"As the region continues to grow, we are beginning to see popularity increase for good quality villas and townhouses located within close proximity to central Bowral as well as quality built homes on smaller lots being very popular with local downsizers," the valuation firm added. 
Typically, these downsizers are selling large acre lots in Burradoo or surrounds and opting for easier to maintain parcels in good central locations. This area of the market is also popular for retirees from Sydney who come in droves and are chasing good quality product in good central locations close to local schools and townships.
The family market is a vast mix of an economic make up with more affluent families looking into prestige suburbs such as Burradoo, followed by new premium estates such as Retford Park and then into East Bowral which is predominantly 20 plus year old project homes.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/3/23/burradoo.jpg" alt="">
A single level designer home in Burrado is currently on the market with $1.695 million hopes. 
The four bedroom, two bathroom house is located at <a href="https://www.realestate.com.au/property-house-nsw-burradoo-133267898" target="_blank">14 Phillip Street</a> (pictured above).
The house features formal living with fireplace, casual lounge and dining, expansive kitchen, and rear garden. 
"We are seeing an influx of families from Sydney beginning to populate the Renwick and Tahmoor and Thirlmere area as they are able to commute to Sydney as well as work from home and therefore are able to afford far bigger family homes at far more affordable prices than are available within Sydney," the valuation firm said. 
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"Looking at shifting demographics within the region, the largest change we have seen over the past several years has been the gentrification of Moss Vale," the valuation firm stated. 
 Typically Moss Vale has been the administration capital of the Highlands and considered a working class strong hold and poor sister to Bowral, however over recent times we have seen the main street flourish with several homewares stores, cafes and bars opening their doors as well as many local families moving from other parts of the Highlands into the Moss Vale area. 
"Generally, they are able to get far more bang for their buck than the other established suburbs of Bowral and Mittagong," the valuation firm commented. 
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First home buyers dominate $450,000 plus Southern Highlands entry level market: HTW residential 

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When interest rates go up, most homeowners react the same way - they take a big gulp! Conversely, when interest rates drop, these same people let out a big cheer.

Now, what about most <a href="/guides/how-to-ensure-financial-return-on-your-property-investment-in-15-simple-steps">property investors</a>?  How do they react? You’re right, they react about the same.  Maybe they take a bigger gulp or let out a bigger cheer, but the reaction is generally the same. You see, for the property investor, the results are multiplied.  That can be good news or bad news.  If rates go up, then the “pain” is multiplied; hence a bigger gulp.  If rates go down, then the “joy” is multiplied, hence a bigger cheer.

What I’d like to do today is put some numbers to this “pain” and/or “joy.”  Take a look at how interest rates affect a property investor’s cash flow.

Property investor baseline situation

Let’s say our property investor has the following situation:

<ul>
<li>5 rental properties</li>
	<li>$200,000 mortgage on each property</li>
	<li>Each property valued at say $350,000</li>
	<li>7% variable interest rate</li>
	<li>Interest-only loan</li>
	<li>$350 per week rental income</li>
</ul>
This should be enough information for us to make some cash flow calculations.

First, let’s calculate the weekly interest on these loans.

$200,000 X .07 = $14,000 / year

$14,000 / year X 1 year / 52 weeks = $269 / week per property

$269 / week X 5 properties = $1,345 / week

Now, let’s look at the rental margin.

$350 – $269 = $81 / week

$81 / week X 5 properties = $405

So, our investor has $405 per week left over after paying interest to the bank. Let’s estimate the other holding costs for each property.

Insurance, say $1,000 per year = $19 / week.

Property management = 10% of rent  = $350 X .10 = $35 / week

Taxes = $1,500 per year = $29 / week

Maintenance = allow 5% of rent = $350 X .05 = $18 / week

Now tally up all extra costs:

$19 + $35 + $29 +$18 = $101 per week

$101 / week X 5 properties = $505 / week

So, based on these estimates, our property investor is out of pocket each week; to the tune of $405 – $505 = $100 / week.

Not exciting.

Now, let’s run the numbers for two new cases. Let’s just assume a 0.5% change either way.

CASE 1:  <a href="/guides/how-australia-s-interest-rate-cuts-could-impact-first-home-buyers">INTEREST RATE</a> RISE

If interest rates rise by 1/2 a percent (0.5%) then our property investor is in for some “belt-tightening.”

Weekly interest goes up to $1,442; that’s a $97 increase.

Assuming all the other numbers are the same, our property investor has just copped another $97 dollars in the negative each week. The cash flow has gone from negative $100 to negative $197.

Not exciting.

CASE 2: INTEREST RATE DROP

What if interest rates drop by a 1/2 percent? Let's say an interest rate of 6.5%.

Now our property investor will get some relief. The new weekly interest payment drops to $1,250 for the 5 properties. That’s a savings of $95 each week.

Again, assuming all the other numbers are the same, our property investor is now in a much better financial position. The shortfall each week is only $5.

Margin, Margin, Margin

Have you ever heard about the famous answer to the question, “What are the three most important aspects of property investment?" Remember the humorous answer, "<a href="/expert-insights/buying/do-you-know-the-difference-between-cheap-and-affordable-property">Location, Location, Location</a>"? Well, I’d like to follow that up with another question, “What are the three most important aspects of property investment finance?

And, my answer is, “Margin, Margin, Margin.”

I feel the property investor should factor in a safety margin to guard against interest rate rises. This can be in the form of fixing the rate low. Or it can be getting rents sufficiently high. Or reducing the debt owed. Or... (your creative idea goes here!)

As you can see from the numbers in this article, interest rates have a significant impact on <a href="/expert-insights/buying/keeping-sane-and-moving-forward-a-covid-19-odyssey">cash-flow</a>.  As property investors, we need to make sure we can survive the ebb and flow of interest rate tidal changes.

What safeguards do you have in place to mitigate the impact of an interest rate rise?
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jieyee_46282

How to navigate interest rates as a property investor

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The last few months have been a rollercoaster, with the travel/short term accommodation industries being one of the hardest hit in the current pandemic we find ourselves in. However we are true believers in that the travel industry is a resilient industry. We have adapted. We’ll figure out what adaptations we need in order to travel and host again. The survivors are the brands and companies that can adapt and can maintain their brand integrity. 

Businesses in the short term rental industry relied on domestic and international travellers from tourists to people travelling for business. Booking platforms such as Airbnb &amp; booking.com are one of the main sources for these types of bookings, and then for hundreds of thousands of dollars worth of cancellations coming in over a matter of 48 hours was heartbreaking for any rental agent. Businesses have to quickly put a new plan in place with how they were going to tackle this crisis without allowing the businesses to go under. To keep some bookings in the pipeline a lot of agents introduced a Covid-10 cancellation policy for guests who couldn’t travel due to the pandemic, meaning that guests could receive a credit voucher to rebook their holiday for future dates.

<a href="/news/airbnb-plans-to-help-house-100000-covid-19-responders">AirBnB style management</a> companies have had to totally flip their business module and offer their short term rentals for mid-long term residential rentals and switching to use search engine sites such as Domain &amp; Real Estate.com to secure 3-6 months rentals to get them through the rocky period and to keep a regular income coming in their homeowners.

Market updates:

Industry experts have seen the higher end of the rental market still standing strong, whereas the lower end has become very volatile, there are a lot of properties on the market right now, meaning that the market is competitive and causes rental prices to fall.

Executive rental agents stand apart from the traditional real estate agent with their service, which is very attractive to homeowners and tenants, with everyone feeling very uncertain about the property market right now. Also, meaning that as soon as the industry picks up again, they have the opportunity to flip their properties back onto short term rentals and optimise on the rates where the demand is highest and to maximise the return for our owners.

Using this downtime to engage with the audience:

<ul>
<li>Agents have been using this time to reconnect with their audience and find out exactly that the future holds for short term rentals.</li>
	<li>Engage and inspire all audiences with travel inspiration through social media platforms, and get them excited to travel again.</li>
	<li>Educate travel partners about their portfolio and the services.</li>
	<li>
<a href="/expert-insights/buying/keeping-sane-and-moving-forward-a-covid-19-odyssey">Guiding homeowners on preparing the properties</a>, hosting Airbnb Masterclasses, regular Zoom meetings to update them on the current market.</li>
	<li>Supporting local businesses including some of their own homeowners and their businesses.  We believe that small businesses should stand together and support other small businesses.</li>
</ul>
Interactions with our clients and finding out which destinations they will head to first to get an idea on travel patterns, different shifts in terms of behavioural patterns so we can be ahead of the game as soon as travel is allowed again.

What we expect is in store for the short term <a href="/expert-insights/buying/changes-the-real-estate-industry-will-experience-as-a-result-of-the-coronavirus">rental industry</a>:

People will travel less frequently, but maybe for longer stretches of time. And maybe their preference will be to travel with friends or family that they’re close to, meaning that big houses will be in demand.

Everyone will probably gravitate towards brands they know and trust when booking their private accommodation and opting for holiday rentals over hotels with the benefit of being more isolated, potentially, or being able to control the environment a little bit more carefully. 

Guests will be looking for reassurances with home standards and housekeeping standards, potentially even externally certified cleaning needed to be provided.

That we will all appreciate the <a href="/expert-insights/8-of-nsws-top-luxury-apartments">luxury</a> and freedom to enjoy life, and the simple pleasures such as travel.
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Urban Door - Our response to COVID-19 - Short term rental market

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In the twelve or so months leading up to the 2019 federal election, <a href="/expert-insights/buying/changes-the-real-estate-industry-will-experience-as-a-result-of-the-coronavirus">real estate businesses</a> at various intervals exercised conservatism and implemented change. Whether cost-effective operating models, hyper-productive systems or almost any structure that leveraged economies of scale, if it was available, we saw it in real estate during 2018 and 2019.

Then the market kicked. 

Confidence returned despite no material changes to any economic drivers and people were transacting with property like the toilet paper panic buyers of the first <a href="/expert-insights/buying/covid-19-a-little-bit-of-positivity-goes-a-long-way">stages of COVID-19</a>.

With that electric spark in the market, conservatism and self-disruption were shelved by many. But now we face yet another challenge, not only in real estate but across global markets in virtually every industry, bar toilet paper, packaged food and hand sanitiser. 

So what’s the forecasted impact COVID-19 will have on the property market? 

Some media outlets have been very bold to suggest a 30 percent drop in property prices is coming. However, most people would strongly disagree. I have yet to find the person with the magic crystal ball who can tell us our future, which forces us to answer this question with the following, “for real estate agencies…it’s irrelevant.”

What do I mean by this? Whether the market craters by 30 percent or 20 percent or 10 percent or not at all, it really doesn’t matter. What does matter is an ever-evolving and completely adaptive operating model? This is what 2018 and the bulk of 2019 taught us and this is what COVID 19 has reiterated.

Social distancing, fear, hygiene and government intervention are just some of our new variables but we can only control what we can control. When the government pushed pause on public inspections and auctions, many in the <a href="/news/around-the-industry-in-80-seconds">industry</a> thought the sky was falling. 

However, as we now start to regain some basic social liberties, it’s very easy to say' "let’s just go back to doing what we were doing beforehand". For those that are wrapping up homeschooling, the common question being asked of Grade 1 and 2 students is “what are you going to continue doing even when homeschooling ends?”. This is the exact same question, we need to ask ourselves.

Real estate businesses must be able to operate remotely from an operational and staffing perspective. If an agent has a phone and a tablet, they should be able to do what needs to be done in any imposed form of isolation. The days of paper ended long ago. Never fear, if your business isn’t in a position to operate remotely, it’s not all doom and gloom, every single supplier to the industry has a cloud-based solution. If you needed a reason to finally adapt to the latest tech, COVID-19 is as good a catalyst as any.

The real estate industry has typically feared change, however, if we alter our perspective and look at this as an opportunity, the process becomes markedly easier. That is not a spin on words, it is fact.

Some businesses will be further along the curve than others but preparing for a downturn of any shape, size or kind are the same parameters we all have. Both operational productivity improvements and <a href="/news/the-cost-efficiency-of-mid-rise-timber-structures">cost-efficiency</a> can be achieved by utilising available technology and leveraging economies of scale. 

Everyone has the same opportunity to utilise tech but not all have scale. You can’t fake scale, so if you don’t have it, you need to find it. It’s as simple as that. Joining forces, outsourcing, creating partnerships and joint ventures are the most common ways to create scale.

Is this the COVID-19 business checklist for a safe and happy return to better trading? No.

These are a few factors which all business operators, irrespective of trading conditions, should be considering in order to have an all-weather business.
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Why the real estate industry must replace fear with opportunity during the COVID-19 crisis

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There is not a single person or business that has not been affected by the widespread COVID-19 pandemic. From the forced closures across the fitness and hospitality industry, every Australian has been impacted in some way, whether physically, mentally, or economically. The wider property industry is no exception.

During this tough period, we are witness to never-before-seen action taken by developers nationwide, in order to adapt to the current circumstances. From virtual display suite tours to one-on-one appointments with purchasers to maintain social distancing, there is no doubt the industry has seen a slow down in purchaser engagement. 

Following the Federal Government’s commendable actions in providing an economic stimulus package of up to  $320 billion to support households and businesses, it is imperative that they also look to aid the property and construction industries. In Victoria alone, this sector is responsible for approximately <a href="https://www.parliament.vic.gov.au/publications/research-papers/download/36-research-papers/13853-victorian-economic-snapshot">8.7 percent of Victoria’s state employment</a>. By introducing incentives for off-the-plan purchasing, removing stamp duty costs or introducing rebates akin to the First Home Owner Grant for local purchasers, there opens the opportunity to help stimulate the industry and more broadly, the country’s economy. Looking specifically at Victoria, acknowledging Melbourne’s status as an international city that relies heavily on migration as a <a href="/news/melbournes-revised-transport-strategy-2030-aims-to-deliver-870-billion-boost-to-economy">positive economic driver</a>, it would be within reason to consider relaxing FIRB requirements for foreign buyers to purchase property and access to Australian home loans.

Though international travel is currently subject to official government bans, there is no doubt that once the time comes for our borders to re-open, there will be many hoping to take advantage of it — a result of Australia’s comprehensive and considered response to controlling the pandemic, as well as low-interest rates, high quality of life and stringent building regulations.

There should be legislative incentives conceived now to generate sales, if not pique interest with those whose cash is <a href="/guides/how-to-invest-in-property-in-2020-the-ultimate-guide">ready to invest</a>. Continuing to allow construction sites to remain open whilst adhering to social distancing regulations has enabled the industry to ensure hundreds of thousands of workers stay employed and afforded a stable income. This needs to continue. 

While there is certainly a long road ahead, economic survival beyond <a href="/expert-insights/buying/covid-19-a-little-bit-of-positivity-goes-a-long-way">COVID-19</a> must ensure the property industry continues in a favourable environment for local and international investments once again. Of course, our recovering economy is reliant on countless factors beyond simply property and construction. But if State and Federal Governments (either independently or as part of COAG) consider incentive schemes, perhaps our economy could weather the storm better than many would expect.
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