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

Joel Robinson

Juliet to sit quietly amid Roseville apartment boom

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

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

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

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

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

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

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

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

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

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The housing market is becoming more attractive to property investors, says the RBA in its August monetary policy statement.
The central bank includes this chart (below) showing that national residential vacancy rates have fallen below 2% while rents are trending up above 2%.
<img src="/images/stories/2012/08/rbaaug10.gif">
“Falls in mortgage interest rates and higher rental yields have increased the attractiveness of new housing investment, although falls in dwelling prices appear to have been weighing on demand for new housing,” notes the RBA.
The RBA also notes the recent improvements in dwelling prices in Sydney and Melbourne in this chart (below):
<img src="/images/stories/2012/08/rbaaug102.gif">
But it also says that changes to state government housing initiatives are likely to have a “mixed effect on national demand for new housing in coming quarters” due to initiatives such as the first-home bonus scheme in Victoria having recently expired and other new policies taking effect, including the first-home owner grant (new homes) scheme in New South Wales, which will increase the allowance to first-home buyers from $7,000 to $15,000, but only for new homes.
It includes another chart showing how the different data providers it follows (ABS, RP-Data-Rismark and Australian Property Monitors) have reported on recent changes in the housing market.
While the results are divergent, the chart shows that all three providers recorded better results in the three months to June than in the three months to March.
<img src="/images/stories/2012/08/rbaaug104.gif">
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Rising rents and lower vacancy rates encouraging property investment: RBA charts

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Property investors have patience and hold off buying in a brand-new apartment project until the last few units are listed for sale at discounted prices, according to Residex’s John Edwards.
Edwards says developers will often discount the last few units that they are struggling to sell and investors can secure discounts of tens of thousands of dollars.
He made these observations in an interview with Peter Switzer on Switzer's Sky Business investment program this week.
Edwards says the unit market is the one being targeted by investors but is also the one most likely to “correct” should the economy turn downwards.
Asked by Switzer if he would advise his family members to invest in a brand new apartment, Edwards was adamant.
“I would not be steering them into a brand-new unit.
“Have you ever tried to negotiate a price with a developer?… It’s almost impossible.”
But, he says “colossal discounts” are possible if you hold off and approach a developer when the project is almost finished.
Edwards says he's aware of savings as much as $70,000 discounts by waiting.
According to Edwards, the Australian unit investor market was being driven by miners.
“Now that’s a bit of a risk because the miners  have a greater tendency to overpay as they have a higher income then the others.”
This means anyone bidding against them at auction could end up paying too much.
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While miners rush, savvy investors show patience when buying new apartments: Residex’s John Edwards

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The Sydney suburb of Haberfield should be the site of a big auction this Saturday.
For those who want to have a harmless punt, there's now a tipping website, <a href="https://www.propertytycoon.com.au/" target="_blank">www.propertytycoon.com.au</a>, where punters can guess auction five results in Melbourne and Sydney, with no outlay. It's mostly about testing your market knowledge with a small cash prize as a sweetener.
One of the five Sydney properties going to auction this week in round nine of the competition is 115 Waratah Street, Haberfield, which looks like a great piece of real estate. I the Sydney market runs true to form it should be a big auction on Saturday.
While the market has been soft this year good homes on big land close to the CBD have been well contested to date. This property sits on more than 700 square metres of land and has the benefit of the prime corner position with dual street access.
Four bedrooms, three bathrooms and a short walk to parks and restaurant make it a no-brainer for the family looking to scale up.
John Raiti from McGrath Real Estate is looking for buyers with a bank manager prepared to flick them more than $1.9 million.
<img src="/images/stories/2012/08/waratah.jpg">
If you think you know what it will sell for place a tip at <a rel="nofollow" href="https://www.propertytycoon.com.au/" target="_blank">Property Tycoon</a>.
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Sydney auction tipping

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42 Apex Street, Dandenong North, Vic 3175
<img src="/images/stories/2012/08/apex.jpg">
This four-bedroom house in the centre of Dandenong North is within close proxminity of the Monash and EastLink freeways, Dandenong Market and shops. It is solar powered and has polished floorboards. McDonald Real Estate agent Harry Li says it could be expected to rent for $350 per week. 
Li<a href="https://www.ljhooker.com.au/JN5F8B" target="_blank"> </a>is marketing the property with price hopes of $300,000 plus, and if it sells for that price and is rented for $350 that would secure an investor a gross rental yield of 6.1%, well above the gross rental yield for Dandenong North houses of 4.4%, according to RP Data. The gross rental yield does not consider the costs of maintaining the property, including council rates and other fees such as water bills and managing agent fees. 
The median house price in Dandenong North fell 7.4% in the past year but rose 45.9% in the past five years, according to RP Data.
<a target="_blank" href="https://calc.washingtonbrown.com.au/wbdcalculator/calculator.aspx?RID=HPCAZOPTTT">Washington Brown</a> estimates the first-year tax depreciation deduction to be $5,000 and over five years to be $10,000.
The property will be open for inspection Saturday, August 11 at 2pm and will go to auction Saturday, September 1 at 2.30pm.
For more information about prices and yields in <a target="_blank" href="/news">Dandenong North, see the RP Data suburb page.</a>
 
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Friday form guide: Yields of up to 6.1% in Dandenong North

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A luxury Kew property will be a test of Melbourne’s top-end market this weekend.
For those who want to have a harmless punt, there's now a tipping website, <a target="_blank" href="https://www.propertytycoon.com.au/">www.propertytycoon.com.au</a>, where punters can guess auction five results in Melbourne and Sydney, with no outlay. It's mostly about testing your market knowledge with a small cash prize as a sweetener.
One of the five Melbourne properties going to auction this week in round nine of the competition is 3 Raven Street, Kew, one out of the box with pure luxury at every turn. The auction this Saturday will be a test for the top end of the Melbourne market.
The five-bedroom, four-bathroom house was designed by award-winning team of architects Michael Larionoff, Brendan Gonzales of BCG Constructions and Jack Merlo Landscaping. The property is a massive 57 squares (530 square metres) and is perfect for the car lover, with a six-car garage.
To say the property is unique is an understatement, and this makes it very hard to put a value on it. Walter Dodich from Marshall White has been quoting the property at $3 million plus, but the buyers will determine if it is worth that or more.
<img src="/images/stories/2012/08/ravenst.jpg">
If you think you know what it will sell for place a tip at <a target="_blank" href="https://www.propertytycoon.com.au/" rel="nofollow">Property Tycoon</a>.
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Melbourne auction tipping

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Developers of apartment projects in Sydney are offering handouts and concessions to encourage off-the-plan purchases from first-home buyers and investors following badly timed changes to NSW government handouts announced in the June budget.
At the time these changes were introduced Meriton boss Harry Triguboff lamented that they would kill off investors “while still not giving birth to the first-home buyers”.
In June NSW Treasurer Mike Baird announced a doubling of the existing first-home owners’ grant from $7,000 to $15,000 and also increased the threshold from $600,000 to $650,000.
However the grant only applies to those buying a new home and only kicks in on October 1.
It provided first-home buyers with up to $35,240 in government handouts when the $15,000 is added to up to $20,240 available in stamp duty concessions available for a 15-month period under the existing First Home-New Home scheme.
This scheme provides exemptions on transfer duty on new homes valued up to $550,000 (a maximum exemption of $20,240) and concessions on transfer duty for new homes valued between $550,000 and $650,000.
A first-home buyer purchasing an apartment valued at $550,000 before October 1 would be eligible to receive $27,240 – but would be eligible for $35,240 under the doubled first-home owners' grant handout.
Baird also introduced reduced incentives for investors and other non-first-home buyers, kicking in on July 1.
Since July 1 investors and other non-first-home buyers can apply for a $5,000 grant for new homes whether purchased off the plan or newly built, with a value up to $650,000. This replaced the previous far more generous NSW home builders' bonus scheme, which provided potential stamp duty saving of $22,490.
Here are six developers currently offering concessions on certain apartment projects:
$8,000 handout from CPM Realty for Ore Apartments
This developer is offering to top up the existing $7,000 first-home buyer grant to $15,000 for those who purchase off the plan in its <a href="https://www.oreapartments.com.au/#/home">Ore Apartments project on Amelia Street in Waterloo</a>. One-bedroom apartments start from $495,000 and two-bedrooms from $599,000.
<img width="470" src="/images/stories/2012/08/smh3.jpg">
Secure for $5,000 now and still get $15,000 grant on October 1 at Clemton Park Village - Australand
Australand is offering first-home buyers the opportunity to purchase <a href="https://www.cpvillage.com.au/index.php" target="_blank">two-bedroom apartments in its Clemton Park Village near Campsie</a>, 13 kilometres west of the CBD, with a deposit of $5,000 and delay exchanging of contracts to October 1 to receive the full $15,000 first-home-owners' grant. Two-bedroom apartments are priced from $498,000
<img src="/images/stories/2012/08/smh2.jpg" width="470">
No stamp duty offer from Becton on Divercity till end of August
To encourage investors who may have waivered following the July 1 changes, developer Becton is offering to pay the stamp duty on all one-bedroom apartments purchased in its <a href="https://www.divercitywaterloo.com.au/" target="_blank">Divercity project in Waterloo until the end of August</a>. Prices start from $445,000.
<img width="470" src="/images/stories/2012/08/smh1.jpg">
No stamp duty offer from TMG till end of August on Genesis apartments
Similarly, developer TMG is offering to pay the stamp duty on all one-bedroom apartments in its <a href="https://www.roseberypark.com.au/project/" target="_blank">Genesis apartments in Rosebery Park</a>, six kilometres from the CBD, until the end of August. Prices start from $483,000.
<img width="470" src="/images/stories/2012/08/smh4.jpg">
Developer to pay stamp duty and $8,000 grant gap to first-home buyers at Allure in Dee Why
Qiantang Investment Group (QIG) and Joy City Property Development are charging no stamp duty on their <a href="https://www.beachsideliving.com.au/developer" target="_blank">joint apartment project Allure in Dee Why</a> on Sydney's northern beaches for first-home buyers that make purchases under $550,000. In addition they will also ensure first-home buyers get the full $15,000 government handout by paying the extra $8,000 on settlement. Two-bedroom apartments start from just under $550,000.
Developer to pay  $8,000 grant gap to first-home buyers at Australian Towers II
Developers Ecove and SOPA (Sydney Olympic Park Authority) are offering to match the extra $8,000 that first-home buyers will receive from October 1 as part of the $15,000 handout in its <a href="https://livelifemore.com.au/">25-storey tower – ATII – in Sydney Olympic Park</a> in Parramatta. The incentive applies to first-home buyers only. One bedroom apartments start from $450,000 and two-bedrooms from $585,000.
A Sun Herald report that Link in Zetland, being developed by Tripod International and being marketed by Ian Bennett from Colliers International, was incentivising first-home buyers or investors with a special August offer has been dismissed as inaccurate.
Bennett says the developer is offering its standard $5,000 to exchange on Link apartments, with the remaining 10% deposit required within 14 days.
 
 
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Incentives on offer as Waterloo developers battle government timelines to entice buyers

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Lend Lease is offering a 10% interest rate on purchase deposits for August buyers at its Studio 9 development in Richmond.
The rate is almost twice the best cash rate on offer by banks.
<img src="/images/stories/2012/06/studio91.jpg">
The current apartment offerings are priced from  about $455,000 to $1.85 million with the stage one apartments due for completion by late 2013 to early 2014.
A buyer who signs a contract to buy a $455,000 one-bedroom apartment with a $45,500 deposit would by the start of 2014 have earned approximately $6,800 while the deposit was accruing interest.
A two-bedroom, one-bathroom apartment at $655,000 with a $65,500 deposit will earn the buyer approximately $9,800 in interest.
A two-bedroom, two-bathroom apartment at $735,000 with a deposit of $73,500 would earn approximately $11,000 in interest.
Previously at Studio 9, buyers were offered interest rates on their deposits in line with cash rates offered by banks.
Typically interest from deposits would go to the developer. A Lend Lease spokesperson says the move does happen occasionally. 
"From time to time, we offer the interest on the deposit at whatever the normal bank rates are that are received in our solicitors trust account."
The current deal ends on August 30, with no caps on buyer numbers.
The Studio 9 development is being built on the former Channel 9 studios on Bendigo Street in Richmond.
The project consists of four stages of townhouses and apartments.
<img src="/images/stories/2012/06/studio93.jpg">
<a target="_blank" href="https://www.studioninerichmond.com.au/">The master-planned community</a> will pay homage to its iconic industrial and broadcast past. The site is a former piano factory, then Heinz canning factory, then broadcast studio.
Lend Lease says once contracts are unconditionally exchanged the purchaser is unable to withdraw from the contract for sale.
REIV’s Robert Larocca says many off-the-plan buyers don't expect any interest on their deposit.
“I think it’s an innovative reaction. It’s something that will help encourage a few more buyers that are sitting on the edge.”
“Off-the-plan buyers generally wouldn’t expect interest, it’s not standard.
"One of the issues for purchasers buying off the plan is they're worried about how long it it will take. They usually won’t earn any interest on their deposit . This marketing would be dealing with that concern."
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Studio 9 Richmond offering buyers a 10% annual return on deposits while awaiting construction

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<img src="/images/stories/2012/08/17point1m.jpg">
How much the Metropolitan Fire Brigade (MFB) has paid for a Hume Highway site at Craigieburn on which it will construct a $109 million training facility. The property, which previously operated as the Apollo Caravan Park at 284-290 Hume Highway, is about 30 kilometres north of Melbourne CBD and comprises 18.6 hectares of relatively flat land, making it ideal for the MFB’s purposes. Savills Australia’s industrial director Michael Green was retained by MFB to find a suitable site and says the proposed new facility willcomplement the MFB’s existing complex at Burnley. He says construction is due to start soon with the facility operational in 2014.
 
<hr>
 
<img src="/images/stories/2012/08/1point12m.jpg">
The price paid for a 290-square-metre refurbished office facility in the Townsville CBD. The sale of the property at 569 Flinders Street, Townsville, was negotiated by Michael Hooper of Ray White Commercial Townsville. Hooper says the property was sold to a local investor. Hooper says there was solid interest in this fully refurbished office with 10 secure rear car parks over a 1,0120-square-metre allotment.
 
<hr>
 
<img src="/images/stories/2012/08/15m.gif">
The value of rural property in north Queensland that has changed hands after a prime portfolio of farming ex-forest plantation land was offered for sale by public tender earlier this year. The portfolio, which consisted of 44 rural properties totalling nearly 4,000 hectares of land located from Innisfail through Tully to Ingham, was taken to the market by global asset manager GMO Renewable Resources. Rawdon Briggs, Colliers International rural and agribusiness executive, has so far brokered deals for 32 of the farms, which saw both corporates and local families purchase this original wet tropics cane land and convert it to sugar cane production once more. The remaining properties in the portfolio range in size from 35 hectares to 339 hectares and are in the Tully and Ingham region.
 
<hr>
 
<img src="/images/stories/2012/08/2point95m.gif">
The price paid by an overseas investor for two prime industrial sites in Airport West on Melbourne’s outer suburban area. Colliers International Tim Homes and Marco Sandrin negotiated the sale of 36 and 35 – 47 Hood Street in Airport West following a campaign which generated strong demand from owner-occupiers, due to its access to the Tullamarine and Calder Freeways. The sites are about 13km north of the Melbourne CBD with convenient access to the Tullamarine and Calder Freeways, Metropolitan Ring Road and Tullamarine and Essendon Airports. The total land area of the property was approximately 5,293 square metres, including 2,145 square metres of office and warehouse space.
 
<hr>
 
<img src="/images/stories/2012/08/1point265m.gif">
The price a private investors has paid for a warehouse/office building at Northgate on Brisbane’s north side that has motoring giant Ford Australia as an anchor tenant. The property at 24 Allworth Street, Northgate, was sold by Steve Black of Ray White Commercial Pine Rivers in conjunction with Cameron Heim of Wright Property. The two-storey building, consists of two units of approximately 290 square metres and 270 square metres each. The property is situated in close proximity to Brisbane Airport.
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Commercial hammer prices

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Many property investors get stuck on two or three properties and fail to progress up the property ladder.  You know in your heart that you need to build up a portfolio of properties if you really want financial freedom.  Buying just one or two investment properties is not going to cut it.  You need a bunch of quality properties to generate the cashflow you need for your lifestyle. 
You’ve read several property books or magazines and been to a few seminars to get the basics, but it’s still not happening.  You start to feel like there are some missing pieces to this property jigsaw puzzle.  You’ve seen stories about some really successful investors buying five, 10 or even 20 properties and start to think, “Is that really possible?” You might feel like a bit of a failure and get worried that things will never come together. 
Your friends and family might be saying, “Now is not the time to invest”, or “Things are just too uncertain”, or you’ve read some articles saying the resources boom is over. Then several bills come in, you find the hot water system in your investment property has just blown up and that the tenants in the other one are leaving. 
Whatever your circumstances, the super investor takes a different approach to the herd.
Here are six things that super investors do to make it happen: 
1. Value time
The super investor understands the value of time.  She realises time is much more valuable than money.  You can’t get time back.  Super investors use property investment to “buy” more time.  By investing in property now, you are investing in your own financial future that will give you more choices about work and lifestyle. They also leverage other people’s time, as this is finite. 
2. Set goals
Super investors love setting and achieving goals. It gives them a sense of purpose and destiny. They are not constrained by low-level thinking – they are motivated and energised to achieve worthwhile goals. Most of the people on the BRW Rich 200 list are people who worked hard, saved and invested in growth assets long enough to enjoy the benefits of goal setting. 
3. Have a strategic mindset
How you think about yourself and others plays a significant role in how things turn out. Are you a glass half full or empty person?  I say plan for the worst but expect the best.  You do need both types of thinking to be a super investor, but it doesn’t mean you need
to mope around the house with a worried expression all the time. The super investor engages in strategic thinking, researches extensively and considers the long term. 
4.  Take action
To be successful in property investment, you not only need the knowledge, you need the courage to take action. Knowledge is not power unless you use it. Most people that go to seminars and read books do not do anything. They gain the theoretical knowledge, but very few use it themselves. 
5. A system
Abraham Lincoln said “If I had eight hours to chop down a tree, I’d spend the first six hours sharpening my axe.” The same applies to property investors – getting the right systems and strategies. Super investors repeat what works and refine what doesn’t. 
6.  Use a team of experts
The super investor has quickly discovered the power of leverage via other experts.  Trying to do everything yourself will tie you up in knots. A critical person on your team is a licensed buyers’ agent. They can help you develop a strategy, perfect for your personal situation. Buyers’ agents can quickly shortlist the top suburbs for growth or yield using sophisticated research tools. They can uncover off-market deals, new listings and hot properties via their established networks. To understand a local property market can take the average investor months, but using a buyers’ agent can take days.  They can help you negotiate and appraise the property for the lowest possible price and protect you from making bad property decisions. 
To be a super investor is not a pipe dream – it just takes courage and the ability to choose your team of advisors wisely.
Rich Harvey is founder and managing director of Sydney buyers' agency <a href="https://www.propertybuyer.com.au/" target="_blank">PropertyBuyer</a>
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rharvey-JMQneTqnM9

Six ways to build a property investment portfolio

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Three things are fundamentally wrong with the idea that the resources boom will end soon. 
One is the notion that the party stops when the construction of a mine or processing facility is completed – when, in reality, that’s when it begins. 
Another is the false premise that few new projects will be constructed beyond 2014, a claim that suggests people haven’t done their homework before indulging their addiction to media profile. 
And a third is a misunderstanding of the processes under way in China, India and other nations undergoing industrialisation and urbanisation. 
That misunderstanding has lead many to describe what’s happening in the resources sector as a “boom”. That’s a misnomer because a boom is a short sharp rise followed by rapid decline. 
The demand for Australian resources results from significant structural change in the world economy, inspired in part by the emergence of new economic power nations which are seeking to lift the living standards of very large populations. 
This is not a process to be measured in years. It will extend over decades. Property analyst Simon Pressley, recently named Australia’s Buyers’ Agent of the Year, <a href="https://www.propertyobserver.com.au/trends/decrying-the-end-to-the-mining-boom-hysteria-simon-pressley/2012080255793" target="_blank">calls it the “resources revolution</a>”. 
High ongoing demand for our resources will continue beyond my lifetime, notwithstanding the likelihood of a few jitters along the way. Australia is going to play a primary role in servicing global demand for ore, coal and gas. 
The belief that the “boom” ends when construction of new mines and processing plants is completed is just bizarre. As Pressley pointed out in one of his Propertyology reports recently, this in fact is when it begins. 
Australia currently has massive new projects under construction, with iron ore projects, coal mines and gas processing hubs, along with associated infrastructure like export facilities and rail links. But the nation doesn’t earn any export dollars until these projects are completed. 
It’s only when they start shipping ore and coal and liquefied natural gas (LNG) that the dollars start to flow. And all the mega projects have proceeded with all or most of their future production under forward sales contracts. 
The third fault line running through the “the boom is ending” argument is the erroneous notion that nothing will happen in Australia once the current crop of projects is completed. The proponents of this idea need to catch up on their reading – or get out of their offices and visit a few coalfaces. 
Most of the big resources projects around Australia are yet to start construction or are just starting to crank up building work. There is so much more to come. 
There have been dozens of major announcements over the past month or so, coinciding with those silly predictions that it’s all grinding to a halt. Here are just some of those relating to Queensland alone: 
Queensland coal production is expected to more than double in the next eight years. In the same period Australia is expected to become the world's largest gas exporter. A report from the Bureau of Resources and Energy Economics says Australia's LNG exports could grow to 106 million tonnes by 2020. The report's long-term projections also suggest big increases in exports of thermal coal and metallurgical coal. 
The $23 billion Australia Pacific LNG project based in Gladstone is to be expanded. Origin Energy, ConocoPhillips and Sinopec have decided to add a second stage, having secured a 20-year supply contract with Japanese power company Kansai. 
A coal seam gas (CSG) project in central Queensland is a step closer towards production, with the state government issuing terms of reference for an environmental impact statement. Arrow Energy's Bowen Gas Project is one of two CSG developments that will form part of the company's LNG project. Arrow will develop up to 7,000 gas wells over the next 40 years, each with a lifespan of 15 to 20 years. CSG will be transported from the Surat and Bowen basins to be liquefied at an LNG plant at Gladstone.
The $1.1 billion Fisherman's Landing LNG project in central Queensland is going ahead, after Melbourne-based Molopo sold its Queensland CSG assets to PetroChina. The Chinese group will now begin talks with LNG Limited, which is behind an LNG plant at Gladstone, over a tolling agreement for gas from the Molopo acreage to be processed to be in the plant. Fisherman's Landing is the smallest of the five LNG plants under construction or planned for development around Gladstone.
Yarwun 2, the $2.4 billion expansion of Rio Tinto Alcan's Yarwun Alumina refinery, passed a major landmark recently when the first bauxite was fed into the new facility and Yarwun 2 began producing alumina. Eventually the plant will produce 3.4 million tonnes each year, compared with the current capacity of 1.4 million.
Xstrata has agreed to a $110 million pre-commitment for an expansion of the $2.5 billion Wiggins Island Coal Export Terminal at Gladstone, boosting the chances that the expanded port and the associated $1 billion Surat Basin rail project will begin exporting by 2016.
Stanmore Coal will bring 750 jobs to the Toowoomba and Surat Basin regions when it develops a Wandoan mine worth $380 million. Construction will begin in early 2014. The environmental impact statement for the mine says it could be operating and exporting before the end of 2015. 
Mt Isa City Council has started the process to freeing up land for developers to build a new suburb of about 400 homes. The council feels the expansion of the resources sector in the area makes existing housing supply insufficient to meet coming demand. 
We’ve also had major announcement of developments in Western Australia, South Australia, Victoria, New South Wales and the Northern Territory. Space doesn’t allow me to list them all.
Terry Ryder is the founder of <a href="https://www.hotspotting.com.au/" rel="nofollow" target="_blank">hotspotting.com.au</a> and can be <a href="https://www.twitter.com/hotspotting" rel="nofollow" target="_blank">followed on Twitter</a>.
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Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

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