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>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

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

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One of my favourite and most exciting research criteria when looking at areas to invest is infrastructure projects.
When a government or private sector announces a new infrastructure project, history tells us that it will boost the local community. Infrastructure projects yield indirect benefits through the supply chain, employment, business and retail growth, consumer spending, social benefits of community development related directly to the project and my favorite, property values increase.
The increase in property values that is associated with the construction of that piece of infrastructure goes beyond what would be perhaps the case of the normal appreciation of property.
I have been told there are two stages of a major infrastructure project that most affect property values. A spike in values will take place shortly after the announcement of a major new infrastructure project and then again when the project is completed and functional and the benefits of the project are realised.
I’ve seen this first hand with the announcement of the Hunter Expressway a $1.7 billion road project that will provide a dual carriageway linking the F3 to the New England Highway.
The project was announced in the 2009 federal budget but had been originally proposed back in 1988. It has been a long time coming.  What I saw after the announcement was a distinct demand in the areas impacted by the project, particularly around the interchange areas and where the highway would finish.
A development project we have completed for clients in one of these towns is testament to the impact the Hunter Expressway has had.  The development site was a three-bedroom house on a large block. The development strategy was to renovate the house, build two three-bedroom villas and subdivide.
Something amazing happened and the equity creation in this project was phenomenal. The land benefited from capital growth at the same time we were developing it.  So the normal equity we create through the development process was almost doubled due to the capital growth during the development period.  To add to that, the house was rented and still is, at a record high rent by construction workers employed in the project.
The cherry on the top for our clients will come later in the year when we hope to see that second spike and increase in property values when the Hunter Expressway is finished.
We are looking forward to seeing the impact the opening will have. For me the benefits will be twofold; firstly my clients in many of the Hunter towns we work in will benefit as we’ve been busy developing in these areas for the past ten years and secondly, it will shorten my travel time each week when I do my site inspections. I am really looking forward to cutting about 45 minutes off my trip to Muswellbrook!
Jo Chivers is director of <a style="font-size: 14px;" title="Property Bloom" href="https://www.propertybloom.com.au/" rel="nofollow" target="_blank">Property Bloom</a>, which manages property development.
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Infrastructure is key when considering where to invest: Jo Chivers

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The appeal of ungainly industrial property for private investors remains high with a warehouse/office with long term tenants at Bentleigh East in Melbourne’s south-east selling at auction for $1.115 million.

The property at <a href="https://www.commercialrealestate.com.au/property/2010363834/for-sale/vic/bentleigh-east/industrial-warehouse" target="_blank">2 Ardena Court, Bentleigh East</a>, was sold by Ray White Commercial Oakleigh’s Ryan Amler and George Kelepouris on behalf of an undisclosed vendor. 
Amler said the industrial property on a total land area of approximately 1800 square metres and currently leased for $65,000 per annum net was sold to a local investor with a yield of 6%. 
There were more than 30 enquiries for the property and three registered bidders at the auction.
Tenents recently commenced a new five by five year lease.
The property included a large clear span warehouse and well-appointed office/showroom with a building area of approximately 1200 square metres.
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Warehouse appeal for investors as Bentleigh East showroom sells on 6% yield

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Shopping centre landlord Federation Centres, <a href="https://www.propertyobserver.com.au/retail/centro-seeks-clean-break-with-the-past-with-name-change-to-federation-centres/2012120958372" target="_blank">previously called Centro Retail Australia</a>, has purchased the Centro Gympie shopping centre in Queensland for $64 million.
The mall was previously held by the Centro MCS 9 property investment syndicate. 
It is now wholly owned by Retail Direct Property, the direct property division of Federation Centres with its purchase part of ongoing plans to simplify the complex syndicate business it operated previously as the debt-laden Centro property group. 
Centro Gympie is located at the corner of Bruce Highway and Excelsior Road in Gympie.
It has a gross lettable area of 14,054 square metres and offers 752 car spaces. Big W and Woolworths are anchor tenants on the property. 
Gympie is a regional town in the Wide Bay-Burnett region of Queensland, Australia. It is about 160 kilometres north of Brisbane, and has a population of 18,602 according to the 2011 Census. 
Federation Centres reported an <a target="_blank" href="https://www.propertyobserver.com.au/retail/federation-centres-emerges-from-centro-with-stronger-balance-sheet-and-back-in-the-black/2013021959432">interim net profit $115.91 million for the six months to December 31</a> 2012 – its first complete first-half results under its new brand name. 
In the prior corresponding period, then known as Centro Retail Australia, it reported a loss of $100 million for the six months to December 2011. 
Federation Centres plans to buy other syndicated malls, spending $650 million on such acquisitions thus far. 
Other properties under the Centro MCS 9 syndicate which have been purchased by Federation Centres include Centro Dianella in Western Australia, which it bought for $54 million. 
Federation Centres also acquired full-ownership of the $570 million Bankstown shopping centre in NSW. 
Last month Goldman Sachs upgraded its recommendation on Federation Centres from ‘neutral’ to ‘buy’ with factors behind this upgrade including the ongoing simplification of its syndicates business, asset acquisitions, non-core asset disposals and the rollout of its $1.1bn development pipeline.
Federation Centres plans to develop 16 shopping centres over the next five years.
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Federation Centres buys Centro Gympie for $64 million

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More than 1.35 million premises have been added as next in line to receive high-speed fibre-optic broadband, NBN Co., the company put in charge of building the National Broadband Network, has announced.
The plan adds almost 190 new towns and groups of suburbs, as well as more homes and businesses in areas covered by the previous plan.
This brings to 4.85 million the number of premises that will have construction commenced or where services can be ordered by June 2016.
Blacktown has become the first suburb of Sydney to switch on to the National Broadband Network (NBN).
The NBN now "passes" 1,300 homes and businesses in Blacktown with a further 9,300 premises in the area to come online over the coming months, including premises in Lalor Park.
In April, the NSW Central Coast connected to the NBN with the service available to more than 2,300 homes and businesses in central Gosford.
NBN Co. CEO Mike Quigley said: “We’re getting on with the job of rolling out the NBN in every state and territory. Our plan is to deliver better broadband to every Australian over the remaining eight years of this 10-year build.”
Of the 188 Australian-wide suburbs added to the NBN construction timetable; 66 suburbs were in NSW including Sydney’s Bondi and 46 suburbs in Queensland which included Airlie Beach and the Sunshine Coast.
In South Australia there were 20 suburbs including rural towns Ceduna, Port Lincoln and Salisbury, 15 suburbs were listed in Western Australia including Esperance, Margaret River, Port Hedland and Yunderup and 41 suburbs in Victoria listed Angelsea, Glen Iris and North Melbourne.
The nationwide rollout of the NBN is due to be completed by 2021.
The latest locations next in line to receive the NBN are:
Victoria
 
<table style="width: 320px;" border="0" cellspacing="0" cellpadding="0" frame="box">
<colgroup>
<col span="5" width="64">
<col>
</colgroup>
<tbody>
<tr height="21">
<td height="21" width="64">Anglesea</td>
<td width="64">Daylesford</td>
<td width="64">Kooyong</td>
<td width="64">North Melbourne</td>
<td width="64">Shoreham</td>
</tr>
<tr height="21">
<td height="21">Ballan</td>
<td>Dimboola</td>
<td>Kyneton</td>
<td>Numurkah</td>
<td>Sunbury</td>
</tr>
<tr height="21">
<td height="21">Beaufort</td>
<td>Elmore</td>
<td>Lang Lang</td>
<td>Oakleigh</td>
<td>Tallangatta</td>
</tr>
<tr height="21">
<td height="21">Beechworth</td>
<td>Garfield</td>
<td>Maldon</td>
<td>Point Cook</td>
<td>Thomastown</td>
</tr>
<tr height="21">
<td height="21">Castlemaine</td>
<td>Glen Iris</td>
<td>Mirboo</td>
<td>Portarlington</td>
<td>Trentham</td>
</tr>
<tr height="21">
<td height="21">Chiltern</td>
<td>Heathcote</td>
<td>North Moreland</td>
<td>Romsey</td>
<td>Warburton</td>
</tr>
<tr height="21">
<td height="21">Clunes</td>
<td>Heidelberg</td>
<td>Nathalia</td>
<td>Rushworth</td>
<td>Winchelsea</td>
</tr>
<tr height="21">
<td height="21">Coburg</td>
<td>Heyfield</td>
<td>Newport</td>
<td>Rye</td>
<td>Woori Yallock</td>
</tr>
<tr height="21">
<td height="21" colspan="2">Craigieburn</td>
<td></td>
<td></td>
<td> </td>
</tr>
</tbody>
</table>
New South Wales
<table style="width: 320px;" border="0" cellspacing="0" cellpadding="0" frame="box">
<colgroup>
<col span="5" width="64">
<col>
</colgroup>
<tbody>
<tr height="20">
<td height="20" width="64">Albion Park</td>
<td width="64">Bulahdelah</td>
<td width="64">Finley</td>
<td width="64">Mona Vale</td>
<td width="64">South West Rocks</td>
</tr>
<tr height="20">
<td height="20">Bankstown</td>
<td>Canowindra</td>
<td>Frenchs Forest</td>
<td>Moruya</td>
<td>Sydney Springwood</td>
</tr>
<tr height="20">
<td height="20">Barham-Koondrook</td>
<td>Cessnock-Bellbird</td>
<td>Gilgandra</td>
<td>Moss Vale</td>
<td>Tocumwal</td>
</tr>
<tr height="20">
<td height="20">Batemans Bay</td>
<td>Clarence Town</td>
<td>Gunnedah</td>
<td>Murrurundi</td>
<td>Tumbarumba</td>
</tr>
<tr height="20">
<td height="20">Batlow</td>
<td>Como</td>
<td>Hornsby</td>
<td>Murwillumbah</td>
<td>Tumut</td>
</tr>
<tr height="20">
<td height="20">Bawley Point</td>
<td>Cooma</td>
<td>Howlong</td>
<td>Narooma</td>
<td>Tuross Heads</td>
</tr>
<tr height="20">
<td height="20">Bellingen</td>
<td>Coraki</td>
<td>Jindabyne</td>
<td>North Parramatta</td>
<td>Ulladulla</td>
</tr>
<tr height="20">
<td height="20">Belmont</td>
<td>Culcairn</td>
<td>Kellyville</td>
<td>Petersham</td>
<td>Uralla</td>
</tr>
<tr height="20">
<td height="20">Bermagui</td>
<td>Deniliquin</td>
<td>Kempsey</td>
<td>Quirindi</td>
<td>Urunga</td>
</tr>
<tr height="20">
<td height="20">Berowra</td>
<td>Dorrigo</td>
<td>Kooringal</td>
<td>Ramsgate</td>
<td>Walcha</td>
</tr>
<tr height="20">
<td height="20">Berridale</td>
<td>Dungog</td>
<td>Macksville</td>
<td>Raymond Terrace</td>
<td>Williamtown</td>
</tr>
<tr height="20">
<td height="20">Bombala</td>
<td>Edensor Park</td>
<td>Maclean</td>
<td>Shoalhaven Heads</td>
<td>Woodburn</td>
</tr>
<tr height="20">
<td height="20">Bondi</td>
<td>Evans Head</td>
<td>Manilla</td>
<td>Singleton</td>
<td>Yamba</td>
</tr>
<tr height="20">
<td height="20" colspan="2">Branxton-Greta</td>
<td></td>
<td></td>
<td> </td>
</tr>
</tbody>
</table>
Queensland
<table style="width: 320px;" border="0" cellspacing="0" cellpadding="0" frame="box">
<colgroup>
<col span="5" width="64">
<col>
</colgroup>
<tbody>
<tr height="20">
<td height="20" width="64">Agnes Water</td>
<td width="64">Burrum Heads</td>
<td width="64">Highfields</td>
<td width="64">Mossman</td>
<td width="64">Sunshine Coast Noosa</td>
</tr>
<tr height="20">
<td height="20">Airlie Beach</td>
<td>Cardwell</td>
<td>Howard</td>
<td>Murgon</td>
<td>Tin Can Bay</td>
</tr>
<tr height="20">
<td height="20">Albany Creek</td>
<td>Childers</td>
<td>Innisfail</td>
<td>Oakey</td>
<td>Toorbul</td>
</tr>
<tr height="20">
<td height="20">Ayr</td>
<td>Collinsville</td>
<td>Lammermoor</td>
<td>Proserpine</td>
<td>Toowong</td>
</tr>
<tr height="20">
<td height="20">Babinda</td>
<td>Cooktown</td>
<td>Landsborough</td>
<td>Rainbow Beach</td>
<td>Tully</td>
</tr>
<tr height="20">
<td height="20">Bells Bridge</td>
<td>Coorparoo</td>
<td>Malanda</td>
<td>Ravenshoe</td>
<td>Wondai</td>
</tr>
<tr height="20">
<td height="20">Booral</td>
<td>Crows Nest</td>
<td>Maleny</td>
<td>Redland Bay</td>
<td>Wonga Beach</td>
</tr>
<tr height="20">
<td height="20">Bowen</td>
<td>Gympie</td>
<td>Maryborough</td>
<td>Sherwood</td>
<td>Woodford</td>
</tr>
<tr height="20">
<td height="20">Boyne Island</td>
<td>Herberton</td>
<td>Mission Beach</td>
<td>Sunshine Coast Caloundra</td>
<td>Woodgate</td>
</tr>
<tr height="20">
<td height="20" colspan="2">Burleigh Heads</td>
<td></td>
<td></td>
<td> </td>
</tr>
</tbody>
</table>
South Australia
<table style="border-collapse: collapse; width: 320px;" border="0" cellspacing="0" cellpadding="0" frame="box">
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<col style="width: 48pt;" span="5" width="64">
<col>
</colgroup>
<tbody>
<tr style="height: 15.0pt;" height="20">
<td style="height: 15.0pt; width: 48pt;" class="xl65" height="20" width="64">Barmera</td>
<td style="width: 48pt;" class="xl65" width="64">Ceduna</td>
<td style="width: 48pt;" class="xl65" width="64">Minlaton</td>
<td style="width: 48pt;" class="xl65" width="64">Port Lincoln</td>
<td style="width: 48pt;" class="xl65" width="64">Stansbury</td>
</tr>
<tr style="height: 15.0pt;" height="20">
<td style="height: 15.0pt;" class="xl65" height="20">Beachport</td>
<td class="xl65">Glenunga</td>
<td class="xl65">Mount Gambier</td>
<td class="xl65">Renmark</td>
<td class="xl65">Tumby Bay</td>
</tr>
<tr style="height: 15.0pt;" height="20">
<td style="height: 15.0pt;" class="xl65" height="20">Berri</td>
<td class="xl65">Lyndoch</td>
<td class="xl65">Naracoorte</td>
<td class="xl65">Robe</td>
<td class="xl65">Waikerie</td>
</tr>
<tr style="height: 15.0pt;" height="20">
<td style="height: 15.0pt;" class="xl65" height="20">Brighton</td>
<td class="xl65">Millicent</td>
<td class="xl65">Penola</td>
<td class="xl65">Salisbury</td>
<td class="xl65">Yorketown</td>
</tr>
</tbody>
</table>
Western Australia
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<td style="height: 15.0pt; width: 48pt;" class="xl65" height="20" width="64">Augusta</td>
<td style="width: 48pt;" class="xl65" width="64">Derby</td>
<td style="width: 48pt;" class="xl65" width="64">Esperance</td>
<td style="width: 48pt;" class="xl65" width="64">Margaret River</td>
<td style="width: 48pt;" class="xl65" width="64">Spearwood</td>
</tr>
<tr style="height: 15.0pt;" height="20">
<td style="height: 15.0pt;" class="xl65" height="20">Broome</td>
<td class="xl65">Dunsborough</td>
<td class="xl65">Glenfield</td>
<td class="xl65">Norseman</td>
<td class="xl65">Wickham</td>
</tr>
<tr style="height: 15.0pt;" height="20">
<td style="height: 15.0pt;" class="xl65" height="20">Cowaramup</td>
<td class="xl65">Ellenbrook</td>
<td class="xl65">Jandakot South</td>
<td class="xl65">Quinns Rocks</td>
<td class="xl65">York</td>
</tr>
</tbody>
</table>
 
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National Broadband Network rollout expanded as Sydney's Blacktown switches on

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The New South Wales government has announced a review of the state’s planning laws suggesting some of the biggest changes in 35 years.
A white paper and draft legislation have been released and comments can be submitted until June 28, 2013.
Key among the changes will be how infrastructure is planned, delivered and paid for. For many years infrastructure has been a central concern among planners, the community and developers and has been a reoccurring theme for Project Agenda.
The white paper is proposing radical changes to the infrastructure charges and there is an urgent need for change as the current system can add as much as $100,000 to the cost of a new home. The current levies are seen as a major constraint on improving the level of supply of new homes in Sydney’s growth centres.
Currently developers are charged for, and then pass on, the costs of varied facilities and local amenities to buyers. The system is seen as very complex and expensive and lacking transparency.
Brad Hazzard, the NSW planning minister, has been quoted as wanting a simple and cheaper way of funding infrastructure with a direct link between the contributions and what is actually provided. From the feedback that I have observed, both the development industry and the wider community will welcome such an outcome.
The minister’s plans will limit the role of councils and ensure that money raised will be spent within three years and not simply squired away. This appears to be an overdue policy shift given that 43 Sydney councils have been accumulating $760 million of developer levies. Under the changes, local council will only be able to charge infrastructure fees for specific areas that will include essential roads, drainage and parks, and they will be unable to use levies to fund other projects.
But the big question, that only time will answer, is will these changes and many others contained in the white paper help improve housing affordability?
In theory the answer is yes. Because with new homes getting approval in just 10 days and some apartment projects and land subdivisions getting the go-ahead in less than a month, then in total all of the changes to the DA system are suggested to generate savings of up to $1.7 billion over the next 10 years.
Possible levy on all new homes
However, one aspect of the white paper that also requires some comment is the suggestion that a levy will be placed on all new home construction in metropolitan areas, not just those in new estates. The idea is that this levy will be redistributed and used for Sydney’s infrastructure shortage. The move to cover established areas is new and may impact investors and the knock down and re-build market.
While more and better infrastructure should stand to benefit, the possible levy which has been described ‘modest’ will be another cost that the end buyer may have to bear and is one of the ideas in the white paper that has received a lukewarm response.
But if we get better infrastructure and swift planning approvals then all buyers, property investors and developers should stand to benefit. There is no doubt that this debate will be very much back in the headlines in late June.
Peter Chittenden is managing director for residential of <a target="_blank" rel="nofollow" href="https://www.colliers.com.au/Colliers%20Corporate/Residential.aspx">Colliers International.</a>
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Time will tell if proposed changes to NSW planning laws improve housing affordability: Peter Chittenden

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Leighton Properties has agreed to sell three office towers planned within the Kings Square mixed-use development in Perth to Dexus for $434.8 million.
This is the largest commercial property development sale in Western Australia.
It comes as Leighton Group reported first quarter 2013 net profit of $123 million and reaffirmed its guidance for full-year profit of $600 million.
The three buildings, KS1, KS2 and KS3, will be purchased by Dexus and its Wholesale Property Fund, subject to a number of approvals.
The towers will offer a total of 52,781 square metres of office and retail space.
KS1, on the corner of King and Wellington Streets, will have 23,156 square metres of tenancy space across 19 levels.
The 11-level KS2 tower has a further 20,440 square metres of space; and KS3 will have 9,185 square metres of commercial and retail space over nine levels and includes childcare facilities, shops, bicycle amenities and a gym. 
Construction will commence in mid-2013 with completion of all three buildings expected in mid 2015.
Kings Square forms part of the $4 billion Perth City Link project initiated by the State Government, the City of Perth and the Federal Government
Leighton Properties also announced that Shell Australia has signed on as anchor tenant at KS2 while Leighton Group subsidiary John Holland will relocate its Western Australian headquarters to Kings Square with a 5,360 square metre tenancy.
“Shell is investing more than $30 billion in Australia over the next five years, which includes our first Floating LNG project, Prelude,” says Shell Australia country chair Ann Pickard.
In addition to the three commercial and retail towers, the Kings Square precinct will include a further two commercial towers and two residential blocks.
Construction will be undertaken by Leighton Group contractors - John Holland and Leighton Contractors’ subsidiary Broad.
These transactions were facilitated by Simon Storry and Paul Noonan from Jones Lang LaSalle and Richard Butler from CBRE.
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Leighton sells three towers within Kings Square Perth development to Dexus for $434.8 million

<html><body>Australian Property Monitors (APM) has released a list of auction results in Brisbane for the weekend of May 4. <a style="font-size: 14px;" rel="nofollow" href="https://www.homepriceguide.com.au/saturday_auction_results/Brisbane.pdf" target="_blank">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 Brisbane auction results for May 4 weekend

<html><body>Australian Property Monitors (APM) has released a list of results from 231 auctions in Melbourne for the weekend of  May 4. <a style="font-size: 14px;" rel="nofollow" href="https://www.homepriceguide.com.au/saturday_auction_results/Melbourne.pdf" target="_blank">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 4 weekend

<html><body>Australian Property Monitors (APM) has released a list of results from 244 auctions in Sydney for the weekend of May 4. The clearance rate was 78.1%. <a style="font-size: 14px;" href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" target="_blank" rel="nofollow">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 244 auction results show a 78.1% clearance rate

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The events of the last few months have emphasised to me the importance of financial education.
It started with the argument about the government changing superannuation tax rates. And in the past few weeks I’ve written about how women fare under the superannuation system. I’ve been amazed at the feedback.
Given the correspondence I’ve received, I am convinced of the need to educate Australians about investment strategies for retirement.
One of the strongest arguments for this is the advent of ‘defined contribution’ superannuation. Back in the day we had ‘defined benefit’ super schemes, where you were guaranteed income for life based on how many years you worked for an employer. But in 1992 that changed, and now you’re guaranteed a percentage of your wages paid into super, where it’s invested in shares, property, bonds and cash.
So you are responsible for building your superannuation into a lump sum that pays you income in retirement. But simply having contributions put into your super doesn’t mean you understand how the system works or what is expected of you. And that’s the big issue.
So along with contributing super for employees, we should be teaching people how to optimise their retirement investments. After all, two people can put the same amount into super all their lives and one can end up with substantially more savings than the other.
It comes down to details that not everyone understands: what are the options? What is a risk-reward trade off? What does volatility mean? Why are voluntary contributions so important? What is the income replacement ratio and why does it matter?
Paul Keating introduced compulsory super and subsequent governments have supported it. Governments can’t be responsible for everything, but it is their job to ensure the system works, which requires a basic level of understanding.
While it’s easy to say that financial literacy should be taught in schools, we in the financial services industry have a responsibility to ensure that people understand their super. And the first thing we can do is remove some of the jargon. A universal system should use universal language.
Employers are also in a position to talk about retirement investing and perhaps organise events such as lunchtime investment seminars. Unions could do more: they run some large super funds and that gives them access.
Finally, the debate about super is too often tax-based. It would be constructive to remind people that superannuation is actually a tax arrangement, designed to increase returns and to encourage members to put more in.
The bottom line is that education, like superannuation, is best started early. Read this from one of my Twitter followers this week: 36 years hairdressing, virtually no super. It's been an important topic for my 2 daughters who are in there early 20's. I had already implemented some of your ideas, the girls super is on 15%. Want to secure their future.
Like the mother above, we must learn from our mistakes and ensure our children don’t repeat them. The first step is education.
Mark Bouris is executive chairman of <a href="https://www.ybr.com.au/" rel="nofollow" target="_blank">Yellow Brick Road</a>, a financial services company offering home loans, financial planning, accounting and tax, and insurance.
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