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

Joel Robinson

First look: HSN, Rebel, advances Woolloomooloo precinct plans

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

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

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

Juliet to sit quietly amid Roseville apartment boom

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

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

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

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

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

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

<html><body>Australian Property Monitors (APM) has released a list of auction results in Adelaide for the weekend of May 11. <a target="_blank" href="https://www.homepriceguide.com.au/saturday_auction_results/Adelaide.pdf" rel="nofollow" style="font-size: 14px;">Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

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APM's Adelaide auction results for May 11 weekend

<html><body>Australian Property Monitors (APM) has released a list of results from 240 auctions in Melbourne for the weekend of  May 11. <a rel="nofollow" href="https://www.homepriceguide.com.au/saturday_auction_results/Melbourne.pdf" target="_blank" style="font-size: 14px;">Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

APM's Melbourne auction results for May 11 weekend

<html><body>Australian Property Monitors (APM) has released a list of results from 265 auctions in Sydney for the weekend of May 11. The clearance rate was 70.4%. <a href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" target="_blank" rel="nofollow" style="font-size: 14px;">Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

APM's Sydney's 265 auction results show a 70.4% clearance rate

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I have been astonished by the correspondence from women in the past few weeks, and one of the topics that has come up time and time again is how women’s retirement plans are derailed when they get divorced.
One of the changes for the better over the past 40 years has been equality for women. However, economic liberation hasn’t necessarily followed: women generally earn less than men doing the same job, they have much <a target="_blank" href="https://www.propertyobserver.com.au/economy/women-are-disadvantaged-in-our-superannuation-system-mark-bouris/2013042160591">lower balances for superannuation</a> and ‘no fault’ divorce – while empowering – generally leaves women at a financial disadvantage.
When married people retire, they generally share their <a target="_blank" href="https://www.propertyobserver.com.au/trends/seven-potential-ways-to-improve-women-s-superannuation-savings-mark-bouris/2013042860761">superannuation savings</a>. They also own the family home and other assets together, which means they share the security and yield from these assets.
This means the woman’s non-earning years of having kids and raising a family is covered in retirement by the partner.
But what happens to the women whose marriages don’t make it?
Think about this example. A couple gets married and decides to start a family. The man is earning $70,000 per year and the woman is earning $50,000 per year. The couple decides that the wife is going to take five years off to raise the kids and then she is going to work part-time for the next five years, earning say $30,000. Over that 10 year period, the husband will accumulate approximately $92,000 in super whilst the wife will only accumulate approximately $19,000 (based on 9% compulsory super contribution and a compounding rate of 5% pa for the ten year period).
And then they get divorced.
At present, the couple then will more than likely end up in the family law court fighting over who gets what. Often the situation leaves the wife high and dry in terms of super savings as the result of her raising the family.
This scenario is playing out all too often. But why?
The government and the financial services industry could be doing more to even the scales in this area, but ultimately women have to recognise this situation as a reality and they have to plan for it.
Here are a few ideas:
<ul>
<li>Use the spouse contribution system and split all savings into super equally while both of you are working</li>
<li>If you are earning $37,000 or less and want to contribute your own cash to super, the government will help you by putting in an additional 50% of what you contribute (up to $500)</li>
<li>If divorcing, negotiate a fair share of the total pool of super</li>
<li>Never leave the big picture finances to one partner. Share the responsibility, learn the ropes</li>
<li>In the settlement, think twice before opting for the family home, especially if it comes with a big mortgage</li>
<li>Get expert advice. Ask around and select an adviser who speaks to women, not down to them.</li>
</ul>
Good retirements are made, not fluked. And to get there, you need to take all possible scenarios into consideration – especially the negative ones. Understanding your situation and knowing what you need to do financially can be one less thing you have to worry about. Good luck.
Mark Bouris is executive chairman of <a target="_blank" rel="nofollow" href="https://www.ybr.com.au/">Yellow Brick Road</a>, a financial services company offering home loans, financial planning, accounting and tax, and insurance.
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Six ideas for protecting women's superannuation during life's hurdles: Mark Bouris

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Melbourne agents secured a clearance rate of 70% compared to 65% on the Queen's birthday long weekend.
It was 53% on the same weekend last year, according to the Real Estate Institute of Victoria.
It has noted the year to date the residential auction volumes excede the last two years. 
The REIV estimates June will have 3,175 auctions.
"The only time this number was exceeded in the past decade was in June 2010," the REIV chief Enzo Raimondo said.
There were 740 auctions reported to the REIV this weekend, with 521 selling and 219 being passed in, 146 of those on a vendor bid.
Next weekend the REIV expects around 750 auctions.
The weekend's busiest auction suburb was St Kilda which had 18 auctions. Of the reported results there were nine sales and seven unsold.
St Kilda East was stronger with five of the six auctions being sold. There was one unsold result in St Kilda West.
Sydney agents secured a 76.9% success rate. 
"Sydney records an exceptionally strong auction clearance rate of 76.9 per cent over the first full weekend of winter. Winter market clearly set to reach new highs of buyer activity," Dr Andrew Wilson, the senior economist for Australian Property Monitors said.
APM reported the strongest regional result of the weekend were the Northern beaches 94% (16 auctions); Canterbury-Bankstown 84% (19 auctions) and the upper north shore 82% (38 auctions).
Redfern notched up a record price at <a href="/news">$2.58 million bettering the previous record at 702 Bourke Street which sold for $2.25 million in 2011</a>.
The top five Melbourne house sales were:
 1. 14 Edward Street, Kew $2,880,000 2. 1 Norman Avenue, South Yarra $2,715,000 3. 148 Kooyong Road, Toorak $2,692,000 4. 136 Powlett Street, East Melbourne $2,505,000 5. 57 Crisp Street, Hampton $2,472,500
The top five Melbourne apartment sales were:
 1. 11A Moffat Street, South Yarra $1,745,000 2. 3/17 Talbot Crescent, Kooyong $1,600,000 3. 30 Halstead Street, Caulfield North $1,016,000 4. 5/7 Cromwell Road, South Yarra $950,000 5. 19A Camperdown Street, Brighton East $942,000
Source: <a href="https://www.reiv.com.au/en/Property-Research" target="_blank">REIV</a>
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St Kilda weak as Melbourne weekend auctions secure 70% success rate

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The prominent Sydney auctioneer Tom Panos not-so-secretly held an ambition to secure the sale of all 10 of his inner west weekend auction listings.
After all the inner west recorded an 86% clearance rate last weekend, and the RBA cut rates mid-week saw all the banks passing it onto home loan borrowers.
Panos however fell short - selling nine of the 10 homes.
And one of them was a $2 million sale in <a href="/news">Croydon</a>, a Federation bungalow which had been attracting so much interest that the R&amp;H agent Romani Iskander had been forced to close the front door at times to stop the David Street house from being overrun during its open for inspections.
<a target="_blank" href="https://www.realestateview.com.au/Real-Estate/6-david-street-croydon/Property-Details-buy-residential-5376251">Set on a 735 sq m block in one of the best streets in the Malvern Hill estate</a>, the four-bedroom full-brick house (pictured below) features an entry hallway with moulded archways, formal lounge and dining with restored fireplaces, cedar joinery and picture rails and wonderful high patterned ceilings.
{yoogallery src=[images/stories/2013/05/may13croydon]}
More than $1.8 million was being tipped for the house last sold at $1,662,500 in 2007, thereby reflecting a so-so 3% annual price growth for the vendors, ad man Bram Williams, a regular on the ABC’s The Gruen Transfer show, and his wife, designer Eloise Tucci.
Post-auction Panos suggested it was a record price, and perhaps twitter's limiting 140 characters, prevented a more thorough explanation as Property Observer is aware of a 2007 sale at $2.2 million of  a five-bedroom Federation house on Malvern Avenue, Croydon, albeit on 1300 square metres.
His weekend sale did better the suburb's single block house price which stood at $1.93 million since the 2007 sale of a Chelmsford Avenue house, sitting on just 460 square metres.
Another auctioneer Peter Matthews did secure the sale of all 10 of his auctions advising the prices from $465,000 to $1.725 million included eight over reserve sales.
Cooley Auctions clearance rate was 71% today selling 22 of 31.
Rocky Bartolotto's Property Auction Services team secured the sale of 11 of 13.
The sales contributed to Sydney's overall 70.7% preliminary weekend auction clearance rate, based on the 294 reported in the Saturday evening tally, according to Australian Property Monitors.
Some 360 auctions were scheduled to go under the hammer so the final tally may shift as did last weekend’s Sydney auction clearance rate of 78.1% which was revised down quite dramatically with late results to 69.5% success rate.
"Expect this week's extraordinary cut in official interest rates - already passed on by most of the banks - to add more fuel to an already hot Sydney housing market," Australian Property Monitors senior economist <a target="_blank" href="/news">Dr Andrew Wilson had anticipated</a>.
Although Cameron Kusher at RP Data told the Australian Financial Review today it was unlikely the latest rate cut would prompt anything like a property bubble.
“The property market has been improving slowly since around June last year, but there was only a moderate change in prices after 125 basis points were cut in 2012,” Kusher said.
“I don’t see any reason for there to be big gains because of Tuesday’s cut.”
Their comments were against the backdrop of Sydney's April auction clearance rate being the third highest recorded for any April over the past decade - ranking behind the property boom periods of 2002 and 2010.
And also against the backdrop of the Reserve Bank raising their own concern that Australia's low-interest-rate environment could potentially lead to a quicker-than-expected rise in house prices on the back of households taking on higher debt.
The RBA's monetary policy statement, released on Friday after the official cash rate dropped to a historic low of 2.75%, noted in the household sector "a key risk is that established dwelling prices rise more quickly than assumed, spurred by low interest rates."
''The associated boost to wealth and sentiment could in time generate stronger-than-expected consumption growth. If these were accompanied by a return to increasing household leverage, it would raise concerns from a financial stability perspective,'' the RBA statement said.
Property Observer will provide a Sunday update and then a full round-up on Monday of all the capital city results, along with providing the revised figures as they become available.
<a target="_blank" href="/news">Property Observer has previously noted that Sydney's Saturday night figures - that gain the big headlines - are quite preliminary, and typically revised downwards with the final late results</a>.
The REIV reported a clearance rate of 72% this weekend compared to 69% last weekend, which was revised down from its preliminary 71% advisory.
There were 628 auctions reported to the REIV today, with 454 selling and 174 being passed in, 110 of those on a vendor bid. There were a scheduled 720 Melbourne auctions.
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Steady, not silly as Sydney auctioneers secure a 70.7% weekend clearance rate as RBA warns of household property borrowings risk

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"Expect this week's extraordinary cut in official interest rates - already passed on by most of the banks - to add more fuel to an already hot Sydney housing market," Australian Property Monitors senior economist Dr Andrew Wilson forecasts.
The comments were against the backdrop of Sydney's April auction clearance rate being the third highest recorded for any April over the past decade - ranking behind the property boom periods of 2002 and 2010.
Sydney auctioneer Damien Cooley used the same analogy when he <a href="https://twitter.com/damiencooley" target="_blank">tweeted</a> this morning: "Market is hot people! The rate cut is like throwing petrol on a fire!"
<a target="_blank" href="https://news.apm.com.au/apm-news/sydney-may-11th-auction-preview-20120423-1xfsg">Dr Wilson wrote on APM News that the Sydney housing market had been a standout performer this year.</a>
Last weekend’s Sydney auction clearance rate of 78.1% (with late result notification revision yet to be advised) was well ahead of the 60.5% over the same weekend in 2012.
This weekend Sydney has 363 scheduled auctions, around the same number as the same Saturday last year. Last weekend there were 399 auctions, with the onset of the colder months triggering the gradual reduction in auction numbers.
<div></div>
<div>With 9 auctions, Lidcombe will be the most active Sydney auction suburb this weekend, followed by Mosman and Eastwood.</div>
<div>As a postscript just six auction results at Lidcome were notified with four of the six selling. And therefore three yet to be advised.</div>
<div></div>
<div></div>
<div></div>
<div></div>
<div></div>
<div>Melbourne has around 670 which is around 10% more than the same time last year. </div>
<div>
With 15 auctions, Malvern East is Melbourne's most popular auction suburb this weekend followed by Brighton, Richmond, Hawthorn and Glen Waverley. As a postscript, APM reported on just the two Malvern East auctions by Saturday night's conclusion, both of whoch sold, and therefore some 13 results yet to be tabulated.
</div>
<div></div>
<div>Dr Wilson says Melbourne's weekend auction clearance rates have averaged 69% this year, some 10% than last year's same period average.</div>
<div>
April's 66.1% notched up Melbourne's best monthly result since the July 2010 peak of the house price boom.
Property Observer will post the latest auction news over the weekend with a full round-up on Monday.</div>
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The  extraordinary cut in official interest rates to add more fuel to an already hot Sydney housing market: APM's Andrew Wilson

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Funky, cool and unique are perfect adjectives to describe 2 White Street, Windsor.
The property will go to auction this weekend and is featured in this week's Property Tycoon auction tipping competition.
It's the website, <a target="_blank" rel="nofollow" href="https://www.propertytycoon.com.au/">www.propertytycoon.com.au</a>, where punters can guess five auction results in Melbourne and Sydney, with no outlay. It's mostly about testing your market knowledge with a small cash prize as a sweetener.
Listing agents for the property (pictured below) have been run off their feet with inspections, so the $850,000-plus quote may be a bit light.
<img alt="propertytycoonmay10one" height="342" width="470" src="/images/stories/2013/05/propertytycoonmay10one.jpg">


A prestigious property (pictured below) set in park-like gardens at 8 Treatts Road, Lindfield is sure to get bidders up and about on Saturday.
The deceased estate set on almost 2500 square meters is set to sell in excess of $2 million.
<img alt="propertytycoonmay10two" height="345" width="470" src="/images/stories/2013/05/propertytycoonmay10two.jpg">
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Windsor and Lindfield feature in this week's Property Tycoon auction tipping

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What an extraordinary week it has been with the majority of punters left absolutely gobsmacked following the Reserve Bank of Australia (RBA) decision to cut the cash rate to a 53-year-low. Confusion would be an understatement to say the least given last weekend in Sydney we observed clearance rates climbing to 78.1% (the highest since 2009) and the benchmark S&amp;P/ASX200 breaking through the key 5200 threshold for the first time since 2008. Here is the <a title="Statement by Glenn Stevens, Governor: Monetary Policy Decision." href="https://www.rba.gov.au/media-releases/2013/mr-13-10" target="_blank">Statement by Glenn Stevens, Governor: Monetary Policy Decision.</a>

When the cash rate was at 3.00% this was otherwise known as “emergency” levels so what do you call the cash rate when it drops to the all-time low? As quick as a flash the “World’s Greatest Treasurer” announced “These rates are coming down because the (Labor) government has had a strong fiscal policy over a period of time, which gives the bank scope to make rate cuts.” Not only delusional the man is a complete fool given his very own fiscal policy is in a complete mess.
Two weeks ago, Wayne Swan advised Australia the budget would miss its revenue forecast by $7 billion. Last week, Prime Minister Julia Gillard revised that revenue forecast upwards to $12 billion – then on Tuesday Penny Wong drew the short straw to advise it was now out by a staggering $17 billion. That is definitely not strong fiscal policy but rather an embarrassment. After consultation his dialogue changed to “it is utterly irresponsible to call today’s 25 basis point cut to the official cash rate as a cut to ‘emergency’ levels.” <a title="Westpac tips June rate cut and cash rate to fall to 2% by March 2014 " href="/news" target="_blank">Westpac tips June rate cut and cash rate to fall to 2% by March 2014 </a>should the property markets kick – up another gear the RBA will be faced with a monumental headache.
<a title="Rose Bay secures third highest Sydney Harbour sale at $30 million or higher this year" href="https://www.propertyobserver.com.au/trophy-homes/rose-bay-secures-third-sydney-harbour-sale-at-%2430-million-or-higher-this-year/2013050661063" target="_blank">Rose Bay secures third highest Sydney Harbour sale at $30 million or higher this year</a> – What we are seeing at the top end is offshore money dominating these transactions.
The vast majority were of the opinion that the RBA would leave the cash rate unchanged given a cut would send a very clear message that the Australian economy is presently not in a good place. Despite low inflation numbers and respectable unemployment levels the RBA has sent a clear message that it will use monetary policy to invigorate the Australian economy – only time will tell how low the cash rate will have to go to achieve this outcome.
To put our 2.75% cash rate into perspective – the US is 0.25%, Bank of England 0.5%, Bank of Canada 1.00%, European Central Bank 0.5%, Japan 0.1% and China 6%.
<img alt="simeonmay13one" height="392" width="470" src="/images/stories/2013/05/simeonmay13one.jpg">
Banks rushed to pass on the full official cash rate, which is an absolute first where we can expect some to actually cut lower than the official RBA cash rate. A cash rate at record ‘emergency’ lows combined with banks fighting hard to win new customers – these are fascinating times. A day after the RBA announcement the Australian stock market again broke the key 5200 psychological threshold before finishing short of a fresh 59 – month high as investors flocked to high – yielding shares. In 2011 term deposits were paying 6% where now they are close to 4%. With this bubbles start appearing albeit this time in both categories – property and shares.
<img alt="simeonmay13two" height="319" width="470" src="/images/stories/2013/05/simeonmay13two.jpg">
A slight comeback with house listings this week which is a vast improvement on previous week’s data. Apartments in Mosman are having a slight rally although these results are certainly not being mirrored in Cremorne and Neutral Bay. Once upon a time Mosman and Neutral Bay apartments would be neck and neck when it came to listings – today Neutral Bay is offering less than half what it usually offers.
Source: Australian Property Monitors
<h4>MOSMAN – 2088</h4>
• Number of houses on the market this time 2012 – 111 • Number of houses on the market last week – 76 • Number of houses on the market this week – 83 • Number of apartments on the market this time 2012 – 104 • Number of apartments on the market last week – 75 • Number of apartments on the market this week – 85
<h4>CREMORNE – 2090</h4>
• Number of houses on the market this time 2012 – 14 • Number of houses on the market last week – 11 • Number of houses on the market this week – 17 • Number of apartments on the market this time 2012 – 35 • Number of apartments on the market last week – 19 • Number of apartments on the market this week – 17
<h4>NEUTRAL BAY – 2089</h4>
• Number of houses on the market this time 2012 – 19 • Number of houses on the market last week – 5 • Number of houses on the market this week – 7 • Number of apartments on the market this time 2012 – 66 • Number of apartments on the market last week – 32 • Number of apartments on the market this week – 29
 
Back to the Gillard Government’s failed fiscal policies which is now a train wreck – <a title="Labor abandons promised carbon price tax cuts" href="https://www.smh.com.au/business/federal-budget/labor-abandons-promised-carbon-price-tax-cuts-20130508-2j6ix" target="_blank">Labor abandons promised carbon price tax cuts</a> which was inevitable given at the federal election on September 14 Australian employees will be voting to keep their jobs. <a title="How Gillard cooked the business goose" href="https://spectator01.businessspectator.com.au/article/2013/5/7/economy/how-gillard-cooked-business-goose" target="_blank">How Gillard cooked the business goose</a> which identifies exactly why the RBA has uncharacteristically stepped in to stimulate the Australian economy.
<img alt="simeonmay13three" height="216" width="470" src="/images/stories/2013/05/simeonmay13three.jpg">
Not just governments making woeful decisions – Fairfax Media have decided not to renew Margie Blok’s contract so her finger prints will no longer be seen on Title Deeds. When you lose great property journalists like Jonathan Chancellor now at <a title="Property Observer" href="https://www.propertyobserver.com.au/" target="_blank">Property Observer</a> and Margie your brand diminishes considerably. At the end of the day it is all about readership and given the current diabolical Saturday Domain layouts consumers may well return serve with their very own advertising – cost cutting?
Looking forward to delivering the Fudge–it edition next week. It turns out I will be attending a wedding in Phuket so I will be delivering my Thai budget expose. No doubt it will be hot with plenty of kick.
Robert Simeon is a director of <a title="RWM" href="https://www.rwm.com.au/" rel="nofollow" target="_blank">Richardson  Wrench Mosman and Neutral Bay </a>and has been selling residential real estate in Sydney since 1985. He has also been writing a real estate blog <a title="Virtual Realty News" href="https://www.rwm.com.au/news/" rel="nofollow" target="_blank">Virtual Realty News</a> since 2000 which is republished weekly on Property Observer. The RWM real estate model has sold in excess of $1 billion in database sales globally.
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Margie Blok's SMH Title Deeds departure heralds further Domain brand diminishment: Robert Simeon

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As a mother of two beautiful boys, my focus is to teach my sons the value of setting themselves up for the future early.
I only really learnt that I was totally responsible for supporting myself after reading the book “Rich Dad, Poor Dad” by Robert Kiyosaki when I was pregnant with my first son twelve years ago.
The book opened my eyes to lots of things, but my two main insights were: the more time we have to build our investments, the more money we should have when we are ready for retirement. And, that we need to educate ourselves financially and not just handover our money and trust others to invest it for us. We are responsible for building our own wealth.
So off I rushed to build our investment portfolio and along the way I also created a business developing property for others. I found that I loved my new business; it was flexible to accommodate my baby and I was doing something that I loved: property.
As my son grew older and our second son was born, my investments started to really show the benefits of holding property over the long term. Rental returns slowly increased and capital growth created equity. Then I started to develop and add value to my regional investment which lead to my understanding of compounding equity creation through development.
I try to talk about property investing as much as possible with the kids, sometimes they come with me to the development sites and I try to explain in simple terms about basic economics.
“We are building houses here... if you borrow money to build or invest you’ll get some help from the government to help you pay the loan costs.  You will get paid rent and this will be a source of income for you...” I tell my eleven-year-old who is starting to understand.
We set up a term deposit that we empty his piggy bank into every now and then. I tell him it’s for his first property deposit. Slowly I plan to build on his knowledge of economics and how he can make money by being entrepreneurial.
Kids are pretty smart with money so engage them and encourage it. I try not to say ‘we can’t afford it’ and rather ‘how can we afford it?’ Let them come up with ideas to make money. To nurture the genius in your child is a great gift.
As Robert Kiyosaki says: “Don’t just protect your child from the future; prepare them for it”.
I don’t want my kids to have to deal with the tyranny of compounding bad debt as well as the compounding interest on that debt. We must educate our children and teach them the difference between bad and good debt.
The world is full of teachers and they are not all in the classrooms. Our kids need to learn early how to make money, invest and manage their finances. Experience and making mistakes along the way is the best way to learn. As parents we can help our kids think differently to the way we did when we were young.
Happy Mother’s Day for Sunday to all the mums out there.
Jo Chivers is director of <a title="Property Bloom" href="https://www.propertybloom.com.au/" rel="nofollow" target="_blank" style="font-size: 14px;">Property Bloom</a>, which manages property development.
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