<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.

"Eight residences is exceptionally boutique, but that's precisely what this site calls for.

“There is a strong community in Middle Park and the surrounding suburbs who have spent decades building a life here. They no longer want the maintenance of a large period home, but they aren't prepared to compromise on space, quality or location. We think there is a real opportunity to capture that hyper local market. A site like this rarely comes to market.”

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

<a data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Gardner Vaughan Group breaks ground on first Gold Coast development, Bronze on Chevron

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?

For most Australians, buying an apartment is one of the biggest financial decisions they'll ever make

The location, floorplan and price are often the first considerations, but in recent years another question has become increasingly important: who is actually delivering the project?

A series of high-profile builder collapses, construction delays and defect concerns have fundamentally changed how many Victorians approach buying off the plan. The collapse of Porter Davis in 2023, which reportedly left around 1,700 homes unfinished, became one of the most visible examples of the risks that can emerge when a construction company fails. <a href="https://www.equifax.com.au/sites/default/files/lpassets/pdf/Final-Business-Market-Pulse-June-Sector-Deep-Dive-Report-2.pdf">Similar challenges across the broader construction sector</a> have left buyers asking more questions before signing a contract.

As Victoria continues encouraging higher-density housing to address supply shortages, transparency is becoming just as important as location or price.

One tool increasingly entering the conversation is the <a href="https://icirt.com/">Independent Construction Industry Rating Tool (iCIRT)</a>, an independent assessment framework designed to help buyers better understand the developer or builder behind a project. Originally developed by Equifax in consultation with government and industry as part of NSW's Construct NSW reforms, the system has since expanded nationally.

<h2 data-end="1519" data-section-id="7nmx3" data-start="1492">What is an iCIRT rating?</h2>

Most Australians are familiar with independent ratings in everyday life.

We compare ANCAP safety ratings before buying a car. We look at Health Star Ratings in supermarkets. Banks rely on credit assessments when lending money.

Until recently, however, there has been very little independent information available to help apartment buyers assess the business responsible for delivering a residential project.

That gap is what iCIRT was designed to address.

Builders, developers and other construction professionals with an iCIRT rating have demonstrated high-trust characteristics through an independent, evidence-based assessment across six criteria: Character, Capability, Conduct, Capacity, Capital and Counterparties. This involves a rigorous review of financial health, past project track record, and ethical conduct. Crucially, an iCIRT rating could help provide property buyers with confidence that they are working with a professional who has demonstrated the capability, capacity, and willingness to return and rectify issues.

Importantly, iCIRT is not a recommendation to purchase a particular property, nor is it a traditional credit rating. It is an independent assessment framework designed to provide objective information about a construction business using a <a href="https://icirt.com/sites/default/files/2025-08/iCIRT-Methodology-Issue1-May-2021.pdf">published methodology</a>.

The system has been widely adopted in New South Wales, where more than one-third of medium and large residential builders and developers now hold an iCIRT rating, representing over two-thirds of the state's residential building market by value as of 2025/26.

<h2 data-end="3126" data-section-id="h6ohtj" data-start="3084">Why buyers are doing more due diligence</h2>

For many buyers, particularly those purchasing off the plan, the biggest risk isn't whether they'll like the kitchen finishes.

It's whether the project will be delivered on time, to the expected quality, and by a company capable of completing the development.

<a href="https://icirt.com/sites/default/files/2026-07/iCIRT%202025%20Consumer%20Survey%20Report%20v05.pdf">Consumer research commissioned by iCIRT</a> found more than half of respondents believed current protections do not adequately safeguard buyers from builder insolvencies or defective projects. Other research found 88 per cent of prospective buyers would seek independent ratings or due diligence before purchasing, while 90 per cent said trust in construction professionals is essential.

That doesn't mean buyers should rely on a single rating alone.

Independent legal advice, understanding the contract, and seeking financial advice all remain important parts of the due diligence process.

However, an independent assessment can provide another source of information alongside those traditional checks.

<h2 data-end="4138" data-section-id="pquzxc" data-start="4094">Trust is becoming a competitive advantage</h2>

The conversation isn't only changing for buyers.

Developers are also recognising that trust has become an increasingly important part of the sales process.

Five years ago, purchasers typically asked about floorplans, finishes and settlement dates.

Today, sales teams are increasingly being asked about the developer's experience, financial stability, previous projects and construction partners.

For companies with strong governance and established delivery records, an independent iCIRT rating provides another way to demonstrate those credentials before buyers even visit a display suite.

According to Equifax, the assessment can also help businesses drive sales and <a href="https://icirt.com/resources-for-business/icirt-rating-helps-scion-secure-high-value-projects">secure high-value projects</a>, as well as identify operational improvements and <a href="https://icirt.com/resources-for-business/mirvac-reinforces-brand-trust-and-quality-independent-icirt-rating">attract top talent</a>.

<h2 data-end="4962" data-section-id="1j54ng5" data-start="4912">Beyond buyers: lenders are paying attention too</h2>

The influence of independent construction ratings is also extending beyond consumers.

According to Stamford Capital's Real Estate Debt Capital Markets Survey, an increasing number of lenders now incorporate iCIRT ratings into their due diligence processes when assessing residential development finance applications.

The survey found lender adoption has continued to rise, with many respondents saying independent assessments provide additional insight into governance, counterparties and delivery capability beyond traditional financial analysis. Some lenders also reported declining funding applications where businesses had poor or no ratings.

As construction costs remain elevated and access to development finance becomes more selective, demonstrating credibility is becoming increasingly valuable.

<h2 data-end="5801" data-section-id="1qazuxs" data-start="5772">What it means for Victoria</h2>

Victoria's apartment market is entering a new phase.

The state is seeking to accelerate higher-density housing while simultaneously introducing reforms aimed at improving confidence in residential construction.

For buyers, that means there are more tools available than ever before to research the businesses behind a project.

For developers, it signals that transparency is becoming another point of differentiation in an increasingly competitive market.

Buyers are asking more questions than ever before and increasingly expecting independent information, not just marketing material, before making one of the biggest financial commitments of their lives.

Find out how to get iCIRT rated <a href="https://www.icirt.com/sites/default/files/2025-08/iCIRT-Infographic-Assessment-Process-Final.pdf">here</a>.

<hr data-end="6469" data-start="6466" />
The information contained in this article is general in nature and does not constitute personal, financial, legal or tax advice. It does not take into account your personal objectives, financial situation or needs. Therefore, you should consider whether the information is appropriate to your circumstances before acting on it and, where appropriate, seek independent professional advice.

This article contains links to third-party websites. These links are provided for convenience only. Equifax Australia does not control and is not responsible for the content, accuracy or privacy practices of external sites.

Copyright © 2026 Equifax Australia Information Services and Solutions Pty Ltd. All rights reserved.

Buying off-the-plan in Melbourne? How independent iCIRT ratings are set to change Victorian property

<html><body>
 About 60% of apartments in The Emerald development in Albert Park have been sold about a month after the development launched, with marketing soon to start in Asia. The project is being marketed by Colliers International.
<img src="/images/stories/2012/06/emerald1.jpg">
The 20-storey project features one-bedroom apartments from $345,000 and two-bedrooms from $567,000,<a href="https://www.propertyobserver.com.au/residential/time-running-out-for-first-home-bonuses-and-stamp-duty-concessions/2012052854863" target="_blank"> under the Victorian' government's $600,000 threshold for the $13,000 first-home bonus</a>.
<img src="/images/stories/2012/06/emerald2.jpg">
The upscale apartment project being developed by the Golden Age Group is situated between the CBD, Southbank arts area and the city’s “garden precinct” of the Royal Botanic Gardens and Albert Park Lake.
<img src="/images/stories/2012/06/emerald3.jpg">
It features 282 apartments across 19 levels in a commanding wave-like building designed by The Buchan Group Architects
<img src="/images/stories/2012/06/emerald4.jpg">
The Emerald will look south-west across Albert Park Lake to Port Phillip Bay, north to the city and east to the Botanic Gardens and the Shrine of Remembrance.
<img src="/images/stories/2012/06/emerald5.jpg">
Three levels of the new building will have “podium” apartments; two levels of apartments will have private terraces; and another two levels will also comprise penthouse-style apartments.
<img src="/images/stories/2012/06/emerald7.jpg">
 
<hr class="system-pagebreak">
Designers at Hecker Guthrie have selected natural palettes, organic materials and timeless craftsmanship for the fixtures, finishes and public spaces.
<img src="/images/stories/2012/06/emerald6.jpg">
Purchasers have a choice of colour schemes and with 47 different floor plans across various levels, with emphasis on maximising living spaces, creating highly functional kitchen and laundry areas and making use of generous outdoor balconies.
<img src="/images/stories/2012/06/emerald8.jpg">
“We’re very excited to be bringing a luxury development to this prestigious location and have already seen a lot of early interest from those seeking an inner-city lifestyle with easy access to Melbourne’s best parks and gardens,” says Golden Age Group’s Jeff Xu.
<img src="/images/stories/2012/06/emerald9.jpg">
<img src="/images/stories/2012/06/emerald10.jpg">
</body></html>

lschlesinger-FZcF9M3vE6

Emerald bringing sparkle to Albert Park for under $600,000 

<html><body>Australian Property Monitors (APM) has released a list of results from 295 auctions in Sydney for the weekend of June 2. The clearance rate was 54.9%. <a href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" target="_blank"> Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

po-LsXgBTHBmX

APM's 295 Sydney auction results show 54.9% clearance rate

<html><body>
The last of the four terrace offerings on the current series of The Block 2012 has commenced its marketing.
The <a target="_blank" href="https://www.realestate.com.au/property-house-vic-south+melbourne-110681105">407 Dorcas Street</a> terrace  in South Melbourne (pictured below) is listed through RT Edgar agents Kent Morgan and Gerald Betts.
{yoogallery src=[images/stories/2012/05/june1block]}
It’s marketed as a four-bedroom terrace, whereas the other three terraces are being marketed as three bedrooms apiece. Dan and Dani have put the extra bedroom on the ground floor of their corner terrace.
“Inspired ideas by Dan and Dani, who responded best to the demands of the contest, add a designer edge to a totally transformed tri-level floor plan,” Morgan suggests.
Dan and Dani have turned the indoor rooftop space into a study, plus terracing as have the couple Sophie and Dale when renovating <a target="_blank" href="https://www.propertyobserver.com.au/renovating/sophie-and-dales-dorcas-street-terrace-challenges-brad-and-laras-for-title-of-the-best-on-the-block/2012052454828">401 Dorcas Street</a> at the other end of the block.
The properties at <a target="_blank" href="https://www.propertyobserver.com.au/renovating/hockingstuart-very-quick-out-of-the-block-with-channel-9-reality-show-south-melbourne-marketing/2012052254782">403 </a>and <a target="_blank" href="https://www.propertyobserver.com.au/renovating/buxton-bangs-on-about-having-the-best-in-the-block-s-dorcas-street-south-melbourne-offering/2012052254796">405 Dorcas Street </a>– renovated by Mike and Andrew, and Brad and Lara respectively – have top floor laundry and rooftop bars instead, plus terracing.

Like the other three terraces, inspection for buyers is by private inspection with no photography permitted during inspections given there are still room reveals to occur on the reality television show.
Public open for inspections will be held on Saturday 16th June and Sunday, June 17 between 10.00am and 3.00pm.
401 Dorcas Street
 
<img src="/images/stories/2012/05/401floorplan.gif">
 
<img src="/images/stories/2012/05/line.gif">
403 Dorcas Street
 
<img src="/images/stories/2012/05/403floorplan.jpg">
<img src="/images/stories/2012/05/line.gif">
405 Dorcas Street
<img src="/images/stories/2012/05/405floorplan.jpg">
407 Dorcas Street
<img src="/images/stories/2012/05/407floorplan.jpg">
</body></html>

jchancellor-FAypfDUnLy

Rootop study v bar, four bedrooms v three: Dorcas Street Block floorplans indicate the auction battlelines  

<html><body>
Rumours of the death of the resources boom have been greatly exaggerated. But media chatter to that effect has penetrated the psyche of some investors who have started to fret and delay decisions.
A message that “the boom is over because China is slowing down” is typical of the simplistic twaddle peddled by economists suffering from limelight-deficit syndrome and repeated by lazy journalists.
One lukewarm press announcement by BHP Billiton and suddenly the chooks are running around clucking about the end to the good times.
In reality the resources boom is only just starting. Brisbane property adviser (and national buyers’ agent of the year) Simon Pressley says we should be calling it “the resources revolution”, and I agree. The global change inspired by new growth nations like India and China will extend decades into the future, as will Australia’s role in the process – though not without hiccups along the way.
Rio Tinto says it sees no slowdown in overseas demand and is full steam ahead with its iron ore expansion plans. Ditto Fortescue Metals, Hancock Prospecting and the companies that are advancing the mega gas projects.
Hancock, headed by Gina Rinehart, who has been branded our wealthiest individual, has strongly advanced its two biggest ventures in the past week or so. The $7 billion Roy Hill iron ore mine in Western Australia has won the right to import skilled workers from overseas, and the $6.4 billion Alpha coal project in Queensland has won state government approval.
Apparently Rinehart hasn’t been informed the party is over.
The job of property investors is to tune out all the background static from the chattering economists and grandstanding politicians and focus on the end game, with a long-term perspective.
<img src="/images/stories/2012/06/rydermapgreen2.gif">
Ignore all the “white noise” in the media, look at what’s really happening and try to see where the opportunities lie.
The Alpha coal project has won government approval. It involves a major coal mine and a 495-kilometre rail link to the Abbot Point export facility. It will create 3,500 jobs. It is one of three multi-billion-dollar projects focused on the Galilee Basin, which is shaping as the nation’s new boom mining province. Rail links are planned by each of these entities, plus new export facilities.
Where lie the investment opportunities? Is it the tiny town of Alpha, the nearest settlement to the mining action? Is it Bowen, where Rinehart’s rail link will join up with the Abbot Point export terminal, which is rapidly expanding? Is it Mackay, a key regional centre with export facilities (also to be expanded) a little to the south?
Or is it Emerald, one of the most fortunately located towns in regional Australia?
Emerald is a regional centre of almost 20,000 that services agriculture and mining. The well-established Bowen Basin coal-mining province lies to the east and north-east, while the new Galilee Basin is to the west.
Emerald already has a very busy airport, with lots of fly-in-fly-out traffic, even before the mega mines of the Galilee Basin crank up. Residential vacancies are miniscule and the median house price rose 12% in the March Quarter alone.
Its long-term capital growth rate is 13% a year and rental yields above 7% can be found.
It sounds like a place of opportunity – unless you’re hooked into the boom-is-over mentality.
Terry Ryder is the founder of <a target="_blank" href="https://www.hotspotting.com.au/">hotspotting.com.au</a> and can be <a target="_blank" href="https://www.twitter.com/hotspotting">followed on Twitter</a>.
</body></html>

terryryder-YECXbqmri2

Resources boom – and Emerald property price rises – just beginning: Terry Ryder

<html><body>
Cargo Lane, a new development in the Sydney suburb of Alexandria, is offering owner-occupiers and investors one- and two-bedroom options that fall below the NSW government’s $600,000 stamp duty exemption threshold.
<img src="/images/stories/2012/05/cargolane.jpg">
The NSW government’s <a href="https://www.propertyobserver.com.au/residential/time-running-out-for-first-home-bonuses-and-stamp-duty-concessions/2012052854863">home builders’ bonus</a> provides full exemption on stamp duty for new homes valued under $600,000 and expires on July 1 this year.
<img src="/images/stories/2012/05/cargolane2.jpg">
The BridgeLane Property Group development will comprise one-bedroom apartments from $475,000 and two-bedroom, two-bathroom apartments ranging from $599,000 to $700,000. Some have car spaces, and some of the one-bedroom units include studies.
Sales started about a week ago, and 12 deposits have been taken so far.
BridgeLane Group head of property development Anthony Andreatta says the buyers have primarily been young couple owner-occupiers, with a few investors. The project is being marketed by CBRE.
<img src="/images/stories/2012/05/cargolane4.jpg">
"We have had an overwhelming response," Andreatta says.
"We are providing a high-quality boutique apartment building, located nearby to Alexandria Park, which in the current market it is a rarity in the inner east, which is dominated by large-scale high-rise projects." 
<img src="/images/stories/2012/05/cargolane5.jpg">
The 34-apartment development is three kilometres from Sydney CBD and is within an easy stroll of Danks Street, transport and Alexandria Park. It will also include eight prestige three-bedroom multi-level terraces, yet to launch, which include lap pools and landscaped courtyards (pictured below). These eight all include garage parking.
<img src="/images/stories/2012/05/cargolane3.jpg">
Cargo Lane’s façade will have a distinctive vertical garden and timber screens.
</body></html>

cknowlton-QnEa6ntUYP

Alexandria development Cargo Lane offers one- and two-bedders below $600,000 threshold

<html><body>
12 Korff Street, Coffs Harbour, NSW, 2450
<img src="/images/stories/2012/05/korff.jpg" width="470">
A remarkable 8.7% gross rental yield is possible for this Coffs Harbour property, which consists of a main three-bedroom residence and a separate self-contained two-bedroom flat with its own entrance. The residence has recently been rented out at $250 per week and the flat has been recently tenanted at $150 per week, though both are vacant now. The property is on the edge of Coffs Harbour CBD.
Nolan partners agent Scott Nolan <a href="https://www.nolanpartners.com.au/buying/NSW/Mid-north-Coast/COFFS-HARBOUR/House/39P0736" target="_blank">is marketing the property</a> with price hopes in the "mid-$200,000s", and if it sells for $240,000, that would secure an investor a gross rental yield of 8.7%, well above the gross indicative yield of 5.3% for Coffs Harbour houses and 5.6% for Coffs Harbour units, 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.
<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 $3,000 and over five years to be $7,000.
The median house price in Coffs Harbour fell 6.9% in the past year, according to RP Data.
The property will be open for inspection Saturday, June 2 at 10.45am and will go to auction Thursday, June 14 at 6pm.
For more about prices and yields in Coffs Harbour, see the RP Data suburb page.
For another investment prospect open for inspection this weekend, see page 2.
 
<hr class="system-pagebreak">
49 Dundas Street, Rye, VIC, 3941
<img src="/images/stories/2012/05/dundas.jpg">
This three-bedroom house on 892 square metres is leased at $330 per week until September this year, and<a target="_blank" href="https://www.stockdaleleggo.com.au/details.asp?internetid=259512&amp;OFFICE_ID=&amp;order=&amp;suburb=4416&amp;surround=&amp;price1=0&amp;price2=9999999&amp;category=&amp;bedrooms=&amp;bathrooms=&amp;garages=4&amp;propertyType=&amp;OFFICE_GROUP_ID=&amp;offset=&amp;st="> listing agent Glenn Key of Stockdale &amp; Leggo</a> says it would be suitable to be let out as holiday rental property or on a long-term rental. It includes a large, high-roofed garage or workshop with lighting and power, which Key says would be perfect for a car enthusiast. It includes a full-width rear covered deck, and the three double bedrooms include built-in wardrobes.
Key says there has been interest "in the early to mid $400s", but he hopes to secure a bit more for the property.  If it sells for $450,000 that would secure an investor a gross rental yield of 3.8% at its current rent. 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.
<a href="https://calc.washingtonbrown.com.au/wbdcalculator/calculator.aspx?RID=HPCAZOPTTT" target="_blank">Washington Brown</a> estimates the first-year tax depreciation deduction to be $5,000 and over five years to be $11,000.
The property will be open for inspection Saturday, June 2 at 1pm and will go to auction Saturday, June 23 at 2pm.
 
 
 
 
</body></html>

Friday form guide: Yields of up to 8.7% in Coffs Harbour

<html><body>
Development is now a dirty word.
Some statistics to start:
The decade-long average shows new dwelling starts at around 14,000 per month.  At present across Australia it is just 11,000 per month – a 20% fall.  New house sales are down about 15% from long-term averages; a similar trend can be seen in the new apartment market, too.
This snapshot illustrates a more alarming trend – nationally there were 180,000 new dwellings built in 2003-04; this financial year it will be under 130,000.  New house sales peaked in 2002-03 with 113,500 transactions; this year just 78,000 new homes sold.  There were– according to the HIA-JELD-WEN Australia New Home Sales report – 38,500 new apartment sales in 2001-02, but today the HIA reports just 9,000 new unit sales.
In Queensland, 29,000 new dwellings were built in 2003-04, with just 17,500 built over the last 12 months.  Despite the recent building boost, just 950 new houses were sold across Queensland during April – the first time new sales dropped below 1,000 over the last decade or so.
Admittedly, the data on new home and apartment sales is from a survey, rather than a complete snapshot of activity, but it does provide a somewhat accurate picture of what is (well, isn’t really) going on in the new residential market across much of Australia.
So what gives?  Our recent Matusik Pulse poll asked our subscribers and twits (Twitter followers, for the digitally challenged) this question, “What is stopping new residential sales at present?”
Limited development finance and low valuations came in as the clear winner, with just over a third of your votes.  Yes, developers are finding it harder to get finance at present (they have since late 2008) and many lenders require an 80% pre-commitment or above before they are willing to assist with finance.  Wave bye-bye to most new medium- and especially high-rise apartment developments.
Higher taxes and charges on development came in second with about 20% of the vote.  On the Gold Coast, for example, taxes and charges make up 40% of the price of a new house-and-land package.  What this means to the average family is about $170,000 in extra interest over the life of a 25-year loan.  And somehow, there isn’t marching in the streets.  The cost of electricity rises and we see a cascade of letters to the editor, TV cameras taking still shots of utility bills and families crying about not being able to run the air-con.  But we hear nothing about how government is sticking it to the housing sector, and more importantly, to buyers.  This is about our sons and daughters, people, not some overseas buyer or interstate investor.
The world economy is also taking its toll on demand – really, at the heart of this is a lack of confidence, and this is seen in our survey via job insecurity (14%) and a genuine lack of demand (13%).  A large component behind this limited demand has to do with slower population growth and increasing household size.
Poorer potential for capital growth makes up about 10% of the reasoning for the slowdown in sales, with one in 12 saying that developers are not meeting the market.
The usual chestnut – interest rates being too high – barely got a rating in our survey, attracting less than 4% of the vote.
If we don’t somehow boost home building, then many sectors of the Australian economy are left without much momentum.  Home building – as Craig James from CommSec often, and so rightly points out – affects not only builders and tradespeople, but also financiers, retailers, landscapers, building material companies, solicitors, accountants, agents, building service professionals and even independent property consultants!
Not that long ago, we, as a nation, prided ourselves on what we developed.  Today, development is a dirty word.  Well, look around people – 99.9% of what we enjoy involves development.  And before some whack job replies, saying they enjoy going to Cradle Mountain (and who doesn’t!) or to Moreton Island to go camping (again, who doesn’t!), how do you get there?  Teleport?
We must get development on the front page again, and for all the right reasons.  Development creates jobs; it is where we spend nearly all our time; and everyone who reads this post lives in a dwelling.  That was built, too.
Michael Matusik is the director of independent property advisory Matusik Property Insights. Michael is a 25-year veteran in the industry and his firm has helped over 550 new residential developments come to fruition. Michael has launched a new initiative, called<a href="https://www.matusik.com.au/" target="_blank"> Think Matusik</a>. Think Matusik brings together expert opinion and select property opportunities.
Michael will <a target="_blank" href="/news">present a free webinar on tips on buying your first property as an investment on Tuesday, June 5 at 12.30pm</a>.
</body></html>

michaelmatusik-49YzLvdmNv

We must get residential development back on the front page

<html><body>
Half of the apartments in the Pyrmont development Harbour Mill, on the former Edwin Davey &amp; Sons Flour Mill are at the junction of Allen and Jones streets, have sold off the plan when they launched this past weekend.
<img src="/images/stories/2012/05/harbourmill10.jpg">
About 65% of the 136 units in the Ceerose development are priced under $600,000, and owner-occupiers and investors who buy these offerings before July 1 this year will be entirely exempted from stamp duty under the NSW government's home builders’ bonus.
<img src="/images/stories/2012/05/harbourmill2.jpg">
CBRE, which is marketing the project, says about 60% of the 70 units sold so far have sold to investors.
<img src="/images/stories/2012/05/harbourmill1.jpg">
The two interlocked buildings in Harbour Mill will comprise 32 studio apartments ranging in size between 40 and 69 square metres, with prices starting from $395,000. The 51 one-bedroom apartments will range from 55 to 75 square metres and start from $495,000. There will be 45 two-bedroom apartments, ranging from 80 to 98 square metres, and they will not qualify for the stamp duty exemption, as they start from $725,000. The eight largest apartments, of three bedrooms each, will range from 100 square metres to 122 square metres and will come with extensive roof terraces. They begin at $1 million.
<img src="/images/stories/2012/05/harbourmill4.jpg">
The site began its life as a jam factory and in the early 1900s was converted into the Edwin Davey &amp; Sons Flour Mill, which closed in 1996. Most of the buildings have been demolished since the mill’s closure, but the façade has endured and is incorporated into Grimshaw Architects’ Harbour Mill design.
Continued and more images on page 2
 
<hr class="system-pagebreak">
 
 
<img src="/images/stories/2012/05/harbourmill5.jpg">
Ceerose bought the 3,100-square-metre site last year from developer Mike Boulos, who had intended to build a seven-storey mixed-use development on the site, but the plans never came to fruition. Boulos had bought the site in 1996 for $3.38 million.
<img src="/images/stories/2012/05/harbourmill12.jpg">
The development application for Harbour Mill is currently before Sydney City Council, with approval expected in mid-June. The council was involved in Ceerose’s contest to find an appropriate design for the site and is understood to be very supportive of the Harbour Mill plans.
<img src="/images/stories/2012/05/harbourmill6.jpg">
Ceerose founder Edward Doueihi wanted to preserve as much as possible of the existing building, as he has a strong attachment to the flour mill. His father ran a bakery on nearby Cowper Street, and as a child Doueihi often visited the Edwin Davey &amp; Sons mill to buy supplies.
<img src="/images/stories/2012/05/harbourmill7.jpg">
“I’ve been emotionally attached to the mill since my childhood,” says Doueihi. “Unfortunately most of it has been torn down. Now that I own the site I’m going to build something that reflects the mill’s proud history and my fond memories.”
<img src="/images/stories/2012/05/harbourmill8.jpg">
Doueihi plans to display photos of storyboards of the site’s history in Harbour Mill.
One of the buildings in Harbour Mill will be four storeys and include the heritage façade, and the second 10-storey building is designed to “step up and over it”.
<img src="/images/stories/2012/05/harbourmill9.jpg">
“The design respects the heritage of the mill and the place it has played in the history of Sydney, whilst acknowledging and fitting in with the modern trend coming through in the Pyrmont-Ultimo area,” says Andrew Cortese of Grimshaw Architects. “The old and new aspects of the building blend and work together, delivering an unique building.”
<img src="/images/stories/2012/05/harbourmill3.jpg">
 
The building will include a communal atrium with ventilation from the outside instead of air-conditioning, a café on the ground floor and a communal gym.
</body></html>

Edwin Davey Flour Mill rises again as Harbour Mill as investors rush to secure stamp duty-exempted units

<html><body>
Lend Lease Docklands development Exo, which launched in July of last year, is about 70% sold.
It was half-sold within the first three weeks of its marketing and <a target="_blank" href="https://www.propertyobserver.com.au/developments/docklands-development-exo-almost-two-thirds-sold/2011111652400">had sold 60 of the 96 units by November</a>. Now about 65 of the units are spoken for.
<img src="/images/stories/exo2.jpg">
Exo is aimed at the more affordable segment of the market, with prices starting from $395,000 for one-bedroom apartments, which would qualify for the <a target="_blank" href="https://www.propertyobserver.com.au/residential/time-running-out-for-first-home-bonuses-and-stamp-duty-concessions/2012052854863">Victorian government's $13,000 first-home bonus until the scheme concludes June 30</a>. To be eligible for the scheme, a property has to be priced under $600,000.
The building will comprise 32 one-bedroom apartments of about 55 square metres. It will have 64 two-bedroom apartments, which range from 79 square metres to 93 square metres and start at $665,000.
Exo will be have a distinctive perforated white façade, with its irregular holes designed to bring to mind river rocks or forest paths. It was designed by Lend Lease Design’s architectural team.
<img src="/images/stories/exofacade.jpg">
“Exo is the latest in a line of commercial and residential projects adding panache to Melbourne’s Victoria Harbour precinct – a unique fusion of city and water,” says Lend Lease Victoria Harbour project director Claire Johnston.
The development will back onto <street>Collins Street</street>, and although its address is technically <street>Merchant Street</street>, Lend Lease aims for it to be “characteristically <street>Collins Street</street>”.
<img style="font-size: 14px; text-align: left;" src="/images/stories/exo3.jpg">
“The design demonstrates an innate understanding of the need for sanctuary from the hustle and bustle of urban life, with each apartment purposely designed to maximise space and minimise noise, allowing residents to reside in the heart of the city without having to compromise on their quality of living,” says Johnston.
For more on the past, present and future of Docklands, download our free eBook. 
</body></html>

Prices start at $395,000 in Lend Lease Docklands development Exo

<html><body>
Don’t you get sick of hearing about the importance of the resources sector?
I’m looking at a different kind of gold mine: the thousands of Australians with a good idea and the desire to start a new enterprise. These are people who will put it all on the line to pursue something new and innovative, yet most of them can’t get the support they need in this country.
The excellent story by Asher Moses in the Sydney Morning Herald a little over a week ago that highlighted the number of young Australians taking their ideas to Silicon Valley because they can’t get a start here really annoyed me.
Why? Because the real “resources” sector in this country is our people. The minds of our young people is where the national wealth and economic growth of the next 50 years is going to come from.
Yes, the current minerals boom is putting wealth in our pockets. But when the stuff in the ground dries up, <country-region>Australia</country-region> will need what has always sustained the <country-region><place>US</place></country-region> economy, and that is innovation, patents, high technology, medical advances, miracle drugs, etc.
The real test of an economy that wants entrepreneurs is what they call the “commercialisation” phase.
Commercialisation must support both the entepreneur and the investor. The entrepreneur needs investment and expertise and the investor needs to manage their risk and boost their capital gains.
Entrepreneurs typically get their finance from debt or equity.
But in <country-region><place>Australia</place></country-region>, banks do not like high-risk loans or loans to people lacking in a business track record. And our equity investors typically prefer to invest in entrepreneurs who are in expansion mode rather than start-up because our tax laws do not make the risk of the start-up worth the reward.
Corporations may be interested in an innovation, but they shy from equity investment because of corporate governance issues.
This leaves the role of government which should be allowing the right taxation, banking and regulatory environment for entrepreneurs and their investors. We have to allow talented entrepreneurs to find the money, not to have governments create cash bonanzas so long as you invent what they want.
The Commonwealth Treasury, in its research paper Measuring Entrepreneurship, found that the European government emphasis on investing in R&amp;D at universities and corporations during the 1980s and 1990s had not resulted in the expected increase in economic growth. The “critical link” between R&amp;D and economic growth was entrepreneurship.
We have the talent in this country, and a new generation is finding ways to make their dreams a reality. But they need the education and the opportunity – they need advice. I’m hosting a business seminar this week, and I’ve been inundated with questions from smart young business minds who are looking for answers. So I am going to help.
<country-region><place>Australia</place></country-region> is turning out a new breed of entrepreneur that will be the future of this country and we need to do right by them… or lose them.
Mark Bouris is executive chairman of <a href="https://www.ybr.com.au/" target="_blank">Yellow Brick Road</a>, a financial services company offering home loans, financial planning, accounting and tax, and insurance. He runs a <a target="_blank" href="https://twitter.com/#!/markbouris">Q&amp;A session on Twitter</a> every Monday afternoon at 4pm for small business owners using the hashtag #bizQandA.
Mark is hosting the Secrets to Business Success Seminar on Wednesday 30 May in Parramatta. For more information visit <a href="https://www.ybr.com.au/seminar">www.ybr.com.au/seminar</a>
</body></html>

Latest Buying Insights

Buying off-the-plan in Melbourne? How independent iCIRT ratings are set to change Victorian property

Editor's Picks

Developments

New apartments

New townhouses

News

Latest Buying Insights

Buying off-the-plan in Melbourne? How independent iCIRT ratings are set to change Victorian property

Editor's Picks

Receive the latest news stories to your inbox

Developments

New apartments

New townhouses

News