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

Joel Robinson

First look: HSN, Rebel, advances Woolloomooloo precinct plans

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

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

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

Juliet to sit quietly amid Roseville apartment boom

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

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

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

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

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

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<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

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Ellen Walker

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

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Another great forward indicator with regard to the future health of the residential market – and in particular new housing construction – is employment growth.  
Now, I used to ‘full-time’ employment growth.  There seems to be a disconnect between working full-time and housing demand.  I think it has more to do with workplace transformation than, say, looser mortgage arrangements.  Today about a third of the Australian workforce are casually employed, with another 30% working part-time.  
Anyway, just as too many column centimetres are devoted to burbles about median prices (and worse still, which index is more incorrect), when it comes to property markets, too much attention is given to unemployment, rather than the creation of jobs.  
A recent analysis of employment figures tells us quite a lot about the possible future direction of the residential market.  
Australia
Overall, 124,000 new jobs were created across Australia over the last 12 months (year-ending May 2013).  Australia, over the past five years, created about 165,000 new jobs every year.  During 2011/12 Australia created 140,000 new jobs.  So things, job-wise, would appear to be slowing down.  
Again, as discussed in recent Missives, interest rates need to fall further.  Given the start of the structural decline in coal; iron ore peaking and our rising population growth, we need to create many more jobs than we currently are.  Creating a long-term policy platform (not politics) to get us back to, at least, our five-year average would be a start.  
New South Wales
Only one state is leaping ahead when it comes to employment growth.  And it is having a large, positive impact on its real estate market.  
And the winner is New South Wales.  
New South Wales created just under 70,000 new jobs last year.
Importantly, NSW’s recent job creation is way ahead of its five year average, suggesting, improving residential market conditions ahead.  
Also rans
Four other states are creating jobs – Western Australia with 15,000 new jobs since May last year, along with Victoria, Queensland and South Australia each coming in with about 13,000 new jobs apiece.  
New job creation has all but stopped now in Canberra and the Northern Territory.  Tasmania is losing jobs (minus 1,300).  
Whilst Victoria’s recent employment growth is encouraging, it is way down on the longer-term trend (50,000 per annum as a five-year average).  The Victorian housing market’s downturn will most likely, assuming it can continue to create new jobs, now take a softer landing that may otherwise have been the case.  
South Australia’s residential market might be the big surprise over the next 12 to 18 months.  My SA chart of job creation shows consistent improvement since the beginning of the year.  Keep in mind, SA saw no new job creation during 2011/12.  Things in SA look like they could change for the better.  
Western Australia; Darwin and Canberra all look like they may be peaking, it terms of residential activity.  Past trends would suggest that WA might even go through a market correction unless job creation moves upwards again.  During 2011/12, WA saw 48,500 new jobs and the state’s five year average is 32,600 full-time new jobs each year.  
But maybe WA, like Queensland, given they are both ‘resource’ states, overshot in recent years, and the amount of new work is correcting back to more normal levels?  
Queensland
The theory strongly suggests that Queensland’s residential markets should be recovering, but until we start seeing a steady increase in work, the Sunshine State’s residential outlook will remain lacklustre.  
Investors need to be very careful about what they buy in Queensland.  Anything off-centre might not perform as spruiked.  Whilst I think Queensland’s tide will rise (and this is not a veiled attempt at humour) and maybe quite quickly during 2014 and beyond, a rising tide, this cycle, may not float all ships.  
Queensland’s new housing market also remains lacklustre.  
See, mining (resources) creates wealth in Australia and new housing construction distributes it (and therefore helps to keep much of this wealth in the country).  The distribution system works in other states/territories but is broken in Queensland.  
For example, Queensland started just 29,000 new dwellings last year (year ending April 2013); whilst Victoria, over the same time period, built 51,000 new homes.  NSW – the traditional basket case when it comes to new housing construction – created 39,000 new dwellings last year.  All three states are growing – in terms of civil population – at about the same rates i.e. 80,000 new permanent residents per annum.  
Queensland now should be creating about 40,000 or 25% more, new dwellings each year.  Queensland must increase its new housing starts, and very quickly, in order to start creating more new jobs.  The coal mining slowdown makes this even more pressing.  
No stamp-duty on new off-plan sales across Queensland is now imperative – not a budgetary choice.    
Michael Matusik is the founder of <a href="https://www.matusik.com.au/" target="_blank">Matusik Property Insights</a>, which has helped over 550 new residential projects come to fruition.  Read <a href="https://www.matusikmissive.com.au/" target="_blank">Michael’s Blog</a> or follow him on <a href="https://www.facebook.com/ThinkMatusik?fref=ts" target="_blank">Facebook</a> and <a target="_blank" href="https://www.twitter.com/michaelmatusik">Twitter</a> or connect via <a href="https://www.linkedin.com/in/michaelmatusik">LinkedIn</a>
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Employment statistics are an important indicator for residential property: Michael Matusik

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Pharmaceutical industry figure Joe Baini has sold his Hawthorn property at an undisclosed price.
Joe Baini is the former chief executive of biopharmaceutical company Immuron.
He is now on the board of the BioMelbourne Network.
<img alt="yieldsbanner" src="/images/stories/2013/07/yieldsbanner.jpg" width="470" height="127">
The two-storey house at 7 Austin Street features a restored Victorian facade with rear extension.
It has five bedrooms plus a study and living and dining zones leading to an outdoor entertainment space that overlooks its solar-heated pool and spa.
Glen Coutinho, of RT Edgar, was quoting from $2.1 million plus but aiming for $2.3 million with his colleague Kevin Bartholomeusz.
<img alt="trophyhomesstrapone" src="/images/stories/2013/05/trophyhomesstrapone.jpg" width="470" height="57">
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Pharmaceutical executive Joe Baini sells Hawthorn trophy home

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Estate agent John McGrath says Sydney’s recovery is well underway, with increasing buyer demand and strong prices being achieved across all property types under $2 million.
He has noted weekend clearance rates have been consistently above 70% for several months and that home loan applications are rising.
"Official interest rates are at a record low, with fantastic deals such as a three-year fixed home loans now on offer at 4.83%," he told his Switzer blog readers.
"We’re on track to achieve 5-10% growth in prices this year, with more buyers coming off the sidelines as they see more and more evidence of stronger sales in their neighbourhoods," he said.
McGrath reckons investors are very prominent in the market.
"Many are choosing to purchase through their self-managed super funds, which continues to be one of the most significant changes in the Australian residential marketplace today."
"We are at the start of a new growth cycle which will play out over the next three to five years."
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Real estate market at start of a new growth cycle: John McGrath

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Get out into the backyard and have some fun!
That’s the message from Planet Ark in the lead up to National Tree Day on July 28.
It follows the release of Missing Trees – The Inside Story of an Outdoor Nation, sponsored by Toyota, which shows a link between childhood contact with nature and a range of health and wellbeing benefits.
It reveals that our ‘shrinking’ backyards, ‘screen time’ on PCs and tablets, and long working hours are concerning us and threatening our outdoor way of life.
“The research indicates that, while most Australians over 30 are likely to have clear childhood memories of playing in their backyard, for the first time in a number of generations, many children today are likely to have a very different set of memories,” says Planet Ark’s Rebecca Gilling.
She says that in a country of backyards, barbecues, beach and bush, Australians are known around the world as lovers of the great outdoors. However, it seems our laid-back outdoor culture is being eroded.
About one in three people spend less than 18 minutes a day on outdoor activities - about the same time as it takes to hang out the washing. Even playing cricket and football outside and having barbecues are at risk as our lifestyles and suburbs change.
A house with a backyard is still the ideal. About 72% of us would prefer to live in either a separate house with a large backyard or on a rural property but only 53% of us do. And 77% are concerned about shrinking backyards, including 83% of parents with young children who want them to have safe outdoor areas to play in.
But government policies and population pressures mean the number of houses with large backyards is shrinking, mainly as a result of decreasing supply and rising land costs.
On top of this come changes in our working hours, use of childcare, time pressures and living close to the CBD, meaning we have to place less value on backyards.
On average, those living in units or flats spend 3.5 hours a week on outdoor activities, while those in separate houses with large backyards spend 5.1 hours.
Planet Ark is encouraging us to join a National Tree Day event and plant a tree at home, in our backyard, on the verandah, rooftop or street to connect with nature and the great outdoors - and make nature part of where we live.
“As lifestyles change and the quarter acre block are no longer the norm, families should foster and maintain that important link with nature, which provides direct health benefits,” said Gilling.
“Events like National Tree Day are a fun community-focused way to get back outside, and this year we are encouraging people to register events in their own green spaces as well as get involved in public plantings.”
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Backyards may be shrinking in number, but spending more time in them makes us happier

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The proportion of distressed property listings fell to its lowest level in two years over the second quarter of 2013, but a fresh wave of receivership and mortgagee sales is building, warns Knight Frank in its latest update.
Less than one in five (18%) properties listed for sale over the June quarter were either mortgagee or receivership sales.
This compares with nearly 30% of properties being listed as distressed sales in the same quarter last year.
Quarterly distressed sales listings
<img alt="knight_frank_distressed_sales" height="350" width="470" src="/images/stories/2013/larry_uploads/knight_frank_distressed_sales.jpg">
The national profile of where distressed sales are most prevalent remains unchanged with Queensland continuing to represent over half (53%) of all distressed listings.
Knight Frank notes that Queensland receiver sales predominately included residential and industrial properties, most notably development sites which were in secondary locations and regional areas.
The collapse of debenture and mortgage funds such as Provident Capital and LM Investment Management has revealed exposures to struggling Queensland developments.
Knight Frank Queensland managing director Grant Whittaker warns that there appears to be another wave of distressed asset sales coming “with many receivers advising that the banks non-performing loans, or loans that are on 'watch', are not reducing”.
“It is expected that the market will start to see a flow through into a larger volume of receivership sales from the end of the third quarter.
“A lot of these assets will continue to be non-income producing, such as englobo residential sites (undeveloped lots or group of lots or vacant properties).
“There also seems to be some larger distressed assets coming through which the banks might have been trying to hold off on however no longer can afford to do so,” he says.
After Queensland, NSW has the second biggest exposure to distressed assets.
Knight Frank found that for the second quarter of 2013, almost one third (29%) of distressed listings were recorded in NSW.
Whilst this is the highest proportion recorded for NSW across the last year, in number value this is significantly down with only 35 distressed properties represented for sale.
However, in keeping with expectations of a fresh wave of distressed asset sales, the flow of distressed assets to the NSW market is expected to continue throughout the next financial year.
With only 11% of all listings noted as a mortgagee in possession, Victoria continues to be the best performing east coast state with industrial secondary assets or development sites making up almost half of these listings.
According to Knight Frank’s managing director of commercial sales, Paul Henley, more distressed assets are expected to come onto the market over the next six to 12 months due to tough leasing conditions and a general lack of business confidence.
“Due to the historically low cost of debt and investors chasing yield, it is expected the banks to become more willing to move on those ‘non performing’ loans and therefore take advantage of improved investor appetite.
“The major concern for banks with lending today is vacancy, hopefully we will see an improvement in leasing sentiment once we get past the election,” Henley says.
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Quarterly distressed property listings fall to lowest in two years but fresh wave building: Knight Frank

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There has been a well-documented and longstanding call for Melbourne to build its own internationally recognisable landmark. While in my opinion we can always live without one, it is widely acknowledged that easily recognisable landmarks help to promote cities wordwide.
Test yourself: when you think of New York, which images automatically come to mind?  For me it's The Empire State Building, The Chrysler Building and The Statue of Liberty. For Sydney it's The Sydney Opera House and The Sydney Harbour Bridge. These are all iconic landmarks that clearly identify the cities they are from.
It’s not that Melbourne doesn’t have landmarks; it’s just that the landmarks that we have could be considered local or national landmarks at best.  Even though the Royal Exhibition Building (REB) has been given World Heritage listing by UNESCO, the fact remains it’s still recognised by most as a national landmark. Other national landmarks include the MCG, Flinders Street Station, Federation Square, Eureka Tower and the Arts Centre Spire. Melbourne’s W class trams and the Royal Botanic Gardens can probably also be included in the list of national landmarks. The Shrine of Remembrance, Parliament House, Luna Park and the NGV are more than anything else, local landmarks. If one was to judge by the sheer volume and variety of postcards, badges and fridge magnets sold in tourist shops, then Flinders Street Station could easily be our definitive national landmark.
Numerous people would argue that Melbourne is a city of many cultures and various architectural styles, which combine to offer constantly changing aesthetic experiences. Any attempts to reduce it to being represented by a single landmark will damage the very thing that makes this city great.
It is my personal view that, whether by default or by design, Melbourne will probably one day have an internationally recognisable landmark. The city has a great design culture and the prospects of a single landmark lie more in design than just monumental domination, but could be both, as long as distinctive design is the dominant feature.
If a tourist was to ask me today, “Which is Melbourne’s landmark?” I would answer, it’s the whole city, with its many interesting streets and lanes sprinkled with impressive buildings of many styles.  Although this may not register internationally, Melbourne’s streets, lanes, buildings and trams together make up a very special place that the locals love and that many visitors enjoy!
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thecollector

The Melbourne landmark question

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The former Campsie factory site of electrical appliance maker Sunbeam is now being transformed.
It's now a coffee-culture residential development.
Its third release of 95 Parklife apartments (pictured below) in what's now known as Clemton Park Village are now being sold.
{yoogallery src=[images/stories/2013/07/july3clemtonparktwo]}
Prior to residential zoning, Sunbeam owned the land from 1951 to 2002.
Before this, the block was Mackinders Market Garden farming potatoes, beetroot, carrots, pumpkin and squashes.
<a href="https://www.cpvillage.com.au/index.php" target="_blank">Clemton Park Village</a> will be a 700 apartment development which will also include a mix of retail opportunities including cafes, restaurants, a childcare centre and a supermarket.
The first two stages of the development have now sold about 90% of their residences.
One-bedroom apartments start at $430,000 and apartments with two bedrooms and two bathrooms are priced up to $580,000.
A range of buyers have purchased apartments at Clemton Park, said Nigel Edgar, NSW residential division general manager of developer, Australand.
“Typically half of Clemton Park buyers have been investors and the other half are a mixture between first home buyers and locals who are choosing to downsize.”
Their website is also tailored to prospective Chinese buyers, due to the development’s location.
“There’s a lot of Chinese or Asian residents in the local community and we’re finding that it’s reflective of the mix in the community,” he said.
The median price of an apartment in Campsie is $385,000 up 40% from five years ago, according to RP Data.
The median asking rent for an apartment in the suburb is $370 showing an indicative gross rental yield of 5%.
Within the suburb, a two-bedroom apartment at <a href="https://www.realestate.com.au/property-unit-nsw-campsie-113831771" target="_blank">7/56 Ninth Avenue</a> is on the market for $439,000 after selling for $315,000 in March 2009.
A two-bedroom 1970s apartment at <a href="https://www.realestate.com.au/property-unit-nsw-campsie-113587627" target="_blank">9/138 Ninth Avenue Campsie</a> sold in April for $392,000 after it was sold for $209,000 in November 2005. It is now up for lease at $380 per week.
The first stage of Clemton Park is complete, construction of the second stage will finish in December this year and the final stage of the development will be completed in 2016.
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Former factory site Clemton Park in Campsie releases third lot of apartments with one-bedders starting at $430,000

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A Shanghai-based development company has acquired an office and warehouse building spanning from Bourke Street to Little Bourke Street with approval for a 42 level Hayball-designed apartment project comprising 563 apartments.
The part three level, part single level building has a red-brick façade on Bourke Street that is heritage protected.
The site measures 2,764 square metres and was owned by Australia Post, which currently uses it as a distribution centre.
A permit has recently been issued for the apartment project which would comprise to two towers of 42 and 32 stories as well as 722 square metres of commercial/retail on ground floor, 249 car parks and storage space for around 169 bikes.
It had previously been listed for sale in 1999.
The proposed development is close to the $1 billion Upper West Side four-tower development being built by the Hong Kong-listed Far East Consortium.
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Chinese buyer acquires Bourke Street development site for $22 million

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There is now an opportunity to rent an apartment in one of Sydney’s newest developments and move in with just your clothes.
The one and two bedroom apartments (pictured below) at One Central Park on Broadway can be fully furnished and fitted with appliances from a teaspoon to a whole sounds system ready for their new tenants to move in.
{yoogallery src=[images/stories/2013/07/july3onecentralpark]}
Furnished apartments that have been completely sourced and installed has been popular in metropolises abroad and is coming to Sydney, said David Butt, <a target="_blank" href="https://www.greencliff.com.au/">Greencliff Realty</a> sales director.
“This trend has been common in cities such as New York, Tokyo, London and Hong Kong for some time – this is definitely the future of Sydney’s property market,” he said.
The reason behind this is the number of residents in these locations who don’t want to buy large amounts of furniture for a short stay in the city.
“These larger cities also tend to attract more transient or short-term occupants such as working holiday visa carriers who need to rent everything for the length of their holiday,” said Butt.
{yoogallery src=[images/stories/2013/07/july3onecentralparktwo]}
Interior designs are by Senija Lukacevic of Focus Design Group who can decorate the apartment according to the tenants' needs.
The cost of an interior designed apartment start at $475 per week for a one bedroom studio to $800 per week for two bedroom apartments.
Apartments can also be rented without furnishings. 
One bedroom suites that previously sold for $480,000-550,000 can now be rented unfurnished for $490-595 per week.
Two bedroom apartments that sold for $700,000-$820,000 can be rented unfurnished for $785-900 per week.
Dual key apartments that were sold for $900,000- $1.2m and are can be leased for $1050- $1300 per week.
The apartments availble to rent are owned by individuals and they are part of 623 apartments in the One Central Park high-rise in residential and commercial development Central Park.
A two-bedroom apartment in the same suburb at <a target="_blank" href="https://www.realestate.com.au/property-apartment-nsw-chippendale-410761403">302/30 Buckland Street Chippendale</a> is available to rent at $800 per week. 
A studio apartment at <a target="_blank" href="https://www.realestate.com.au/property-apartment-nsw-chippendale-410601903">206/82 Abercrombie Street Chippendale</a> has an asking rent of $390 per week.
Despite One Central Park’s position in the city’s educational hub near Sydney University and University of Technology, Sydney, it hasn't been overwhelmed by student rentals.
“I think they’ve got quite a young professional demographic at the moment. They’ve had a really strong demand. And very few uni students even though it’s a student area,” a Greencliff spokesperson said.
'There's a broad cross section of professionals, couples, singles, with a sprinkling of good quality student tenants.
'We have attracted people who are excited by the facade, the newness, the architectural integrity, and wanting to be an early part of this new and exciting community emerging at Central Park.
"The location attracts those wanting walking access to all this position has to offer."
The professional renters have been attracted as Central Park’s exclusive features and its resultant asking rent are higher than that of average Chippendale student housing.
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Furnished or unfurnished? Central Park rental opportunities including interior design

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Two mansions on Brownell Drive in Byron Bay are offering a slice of the luxury beach lifestyle.
 32 Brownell Drive Byron Bay and 41 Brownell Drive Byron Bay are for sale amid a rise in the number of people making the sea change, said agent Graham Dunn of Byron Bay Property Sales.
 “The big observation we’ve had here in the last six month is the number of people moving to Byron Bay...I’ve never seen this before,” he said.
 In the last five years, almost 3% of those under 24 in Byron Bay had left the region while the number of 55 to 74 year olds increased 5.6%, according to the Australian Beach Towns study by PRD Nationwide.
 “More and more people of the baby boomers are retiring now, so we’re seeing more of them now,” said Dunn.
 However, with the ease of telecommuting to work and doing business over the internet, Dunn says other age groups are also moving to the coastal city.
 “More and more people are seeking the lifestyle and if you’re working hard you might as well live the lifestyle,” he said.
 <a target="_blank" href="https://www.realestate.com.au/property-house-nsw-byron+bay-107264235">32 Brownell Drive Byron Bay</a> is a four-bedroom villa for sale off the plan for $3.8 million. The 800 square metre block of land it will sit on is the result of a recent subdivision.
 
The property has now been on the market since March 2011 after last selling for $2.03 million in July 2007 and $1.8 million in March 2002.
 <a target="_blank" href="https://www.realestate.com.au/property-house-nsw-byron+bay-105034092">41 Brownell Drive Byron Bay</a> is a four-bedroom house with pool on 911 square metres is for sale for $5.5 million. The two storey property has been on the market since July 2008.
 A four-bedroom house on about 820 square metres at <a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house-byron-bay-nsw-2481/168357">21 Brownell Drive Byron Bay</a> sold for $5.6 million in December last year after previously selling for $3.325 in September 2010.
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