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

Ellen Walker

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

<html><body>
Boom Property Group is bringing more apartment living to a suburb that has become shorthand for house-and-land packages: Caroline Springs.
Caroline Springs, about 25 kilometres from Melbourne, has only had a post office since 2005, but property prices have been increasing rapidly. The average house price was $292,500 in 2007 and is now $420,000, according to RP Data.
<img src="/images/stories/belise1.jpg" style="border-style: initial; border-color: initial;">
"You cannot achieve the Melbourne dream of a three-bedroom house on a 500-square-metre block any closer to the city," demographer Bernard Salt told Fairfax Media about the area in 2007. "As fashionable as inner-city living like the Docklands is, there is still a large market for a suburban allotment - always has been and always will be."
Lend Lease project director Martin Gaedke told Fairfax Media in 2007 that although Caroline Springs buyers were beginning to buy smaller blocks due to affordability concerns, they still watned large homes.
"People still want relatively large houses," he said. "We've recently opened a display village here with more traditional housing, and there are still some very large homes in there. But I suppose over time, with the issue of housing affordability, people may start to review that. We're also finding block sizes may be reducing but houses are still very much the same size."
BPG’s Belise development will comprise 34 two-bedroom units and one three-bedroom unit, ranging from 73 to 99 square metres. Prices for the two-bedroom units start from $391,000.
The development launched on Saturday, March 31.
“Caroline Springs has become one of the most-sought after suburbs in the west, yet rising house prices means buying in the area is now unattainable for many. We have sought to address this demand with Belise,” says BPG managing director George Mariotti.
The $15 million project is designed by Buro Architects to complement the surrounding environment of Caroline Springs.
<img src="/images/stories/belise2.jpg">
“We strived to deliver a development that provides a sophisticated place of residence, from the entry lobby to the spacious apartment interiors, the considered design and high-quality materials flow through to achieve this,” says Paul von Chrismar, director of Buro Architects.
<img src="/images/stories/belise3.jpg">
Construction is due to start in May or June 2012 and finish in May next year.
Belise is within walking distance of many community features, including shops, schools and walking tracks.
BPG specialises in city-fringe locations and has already developed the $7 million Waterford Apartments project in Caroline Springs in November 2011.
 
 
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cknowlton-QnEa6ntUYP

Boom Property Group launches apartment complex in emerging Melbourne suburb of Caroline Springs

<html><body>
John McGrath says RP Data figures showing suburbs with median dwelling prices under $300,000 confirm that Gen Yers can buy an investment property in a cheaper suburb and rent in a more desirable lifestyle location.
McGrath, CEO of McGrath Estate Agents, was one of the first market commentators to notice that more first-home owners are entering the market as investors and believes that renting while investing is entirely doable if a buyer is on a good income.
“For enterprising Gen Yers who don’t want to give up their lifestyle in trendy inner-city suburbs, many are buying investment properties in cheaper areas so they can get a foothold in the market without compromising on where they live – a clever tactic,” says McGrath, CEO of McGrath Estate Agents, in a blog post on www.switzer.com.au.
“At the end of the day, the key to buying on a budget is knowing where to look.
“Here are the top five suburbs in every capital city and regional areas where the highest number of sales under $300,000 were recorded between January and today.  Note that all these suburbs recorded both apartment and house sales under $300,000.”
Sydney
Liverpool, Blacktown, Mount Druitt, Penrith, Lakemba
NSW
Dubbo, Orange, Goulburn, Port Macquarie, Taree
Melbourne
Werribee, Pakenham, Frankston, Melton South, Hoppers Crossing (You can buy apartments under $300,000 in Melbourne city (300+ sales since Jan 2011) but not houses)
Victoria
Mildura, Shepparton, Traralgon, Horsham, Sebastopol
Brisbane
Caboolture, Deception Bay, Woodridge, Redbank Plains, Eagleby
Queensland
Maryborough, Newtown, Warwick, Harristown, Gympie
Perth
Armadale, Rockingham, Gosnells, Maylands, Mandurah
WA
Collie, Boulder, Northam, South Kalgoorlie, Katanning
Adelaide
Morphett Vale, Paralowie, Salisbury North, Parafield Gardens, Salisbury East
SA
Mount Gambier, Murray Bridge, Port Lincoln, Whyalla Stuart, Whyalla Norrie
Hobart
Glenorchy, Claremont, Kingston, Moonah, Brighton
TAS
Devonport, Ulverstone, South Launceston, Newnham, New Norfolk
Darwin
Bellamack, Johnston (no apartment sales), Farrar, Rosebery, Nightcliff
Canberra
Casey (no apartment sales), Crace (no apartment sales), Forde, Bonner (no apartment sales), Macgregor
 
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lschlesinger-FZcF9M3vE6

Gen Yers who continue to rent have many property investment options under $300,000: John McGrath

<html><body>
Off-the-plan sales
Pre-sales will always involve selling off the plan and at times well ahead of any  construction, years ahead in some cases. While there are some very select and limited markets where buyers consider time to be of the essence and buyers are ready to commit, these markets are not common. In fact, today in most markets it’s exactly the opposite, and so we see that most buyers are content to take their time. They do not normally feel hurried, there is little urgency to act.
So any registrations-of-interest (ROI) campaign has to overcome, selling off-the-plan, delayed construction and at times long lead times, and buyers with time on their hands – not a bad run of hurdles from day one! 
Keep the buyers front of mind
While from the material we will review it can be seen that pre-sales can be managed in a variety of ways, it is always important that for all buyers there is a good and positive outcome from the first day of contact so that the pre-sales in turn can then help propel ongoing sales.
This should be a core outcome of this early stage of a marketing that in some projects will run for many years.
This applies no matter what the pre-sales target is – 30%, 50% or more. The target is important, however what is more important is that the pre-sales strategy is a solid success. A poor result can give the development a poor reputation. This has to be avoided. 
However the sales target itself must be achieved and the target needs to be clear from the start of the process. It needs to be the focus of the sales path against which all activity is benchmarked – from the number of enquiries required down to the conversion rate expected. A short fall because of any miscommunication may well put the project at risk.
<img src="/images/stories/peterchart.jpg" width="470">
There are today many purposeful marketing and promotional tools, including the emerging use of social media that can be used to help secure these important foundation sales.
If we look back 20 years or more this was not the case, and selling off-the-plan well ahead of the actual project start was not seen by most consumers as the ideal way to buy property, except in specific circumstances.
There were particular challenges when selling apartments off-the-plan. The scale and detail of development was, without modern marketing assets, much harder for a buyer to grasp than committing to buy a standard home. After all there was usually another similar home already in existence that the buyer could see and touch.
Now with changing housing needs and lifestyles we have now moved into a market where pre-sales and ROI campaigns are centre-stage and in the limelight, and very likely there to stay. This is the core of much project marketing expertise.
Peter Chittenden is managing director for residential of <a href="https://www.colliers.com.au/Colliers%20Corporate/Residential.aspx" target="_blank">Colliers International</a>
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pchittenden-eLqUUC8TWW

Pre-sales essential to selling modern developments

<html><body>
104 Stella Street, Fairfield Heights, NSW, 2165
<img src="/images/stories/stellast.jpg" style="border-style: initial; border-color: initial; max-width: 480px;"> 
An investor has bought this three-bedroom house in Fairfield Heights at its weekend auction for $570,000. There were 10 registered bidders. The tenant is paying $380 per week and is on an expired lease. Pretti Real Estate agent Stephen Jurinic says this is below market rent, and the property could be leased for between $400 and $420 per week. The house has timber floors, a timber kitchen and a detatched room that could make a good home office.
At its current rent it will secure its new owner an indicative gross rental yield of 3.5%, below the indicative gross rental yield for Fairfield houses of 5.1%, 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. If it were rented for $420 per week that would equate to an indicative gross rental yield of 3.8%.
<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 $10,000 and over five years to be $28,000.
The median house price in Fairfield Heights rose by 7.2% in the past year, according to RP Data.
For more about prices and yields in Fairfield Heights, see the RP Data suburb page.
 
<hr class="system-pagebreak">
 
9/20 Joyce Street, Coffs Harbour, NSW, 2450
<img src="/images/stories/joyce.jpg" style="border-style: initial; border-color: initial; max-width: 480px;"> 
There was no interest from potential bidders in this two-bedroom Coffs Harbour townhouse, and First National Coffs Harbour agent Caroline Campbell cancelled its scheduled weekend auction. The tenants are paying $190 per week and are on an expired lease. First National Coffs Harbour agent Caroline Campbell says market rent for the property would be about $240 or $250 per week. It is within easy walking distance of the village shopping strip, schools and sports fields.
Campbell <a href="https://www.fncoffs.com/index.cfm?pagecall=property&amp;propertyID=1801184" target="_blank">is now marketing the property</a> with price hopes of $179,000. Before the scheduled auction she provided price hopes of $150,000 plus. If it sells for $179,000 that would secure an investor a gross rental yield of 5.5% at its current rent, higher than the indicative gross rental yield for Coffs Harbour houses of 5.2%, according RP Data. If it were rented at $250 per week, that would be a remarkable gross rental yield of 7.3%. 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. Council rates are $1,669 per year, and strata fees are $1,520 per year.
<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 $6,000 and over five years to be $18,000.
The median house price fell in Coffs Harbour fell by 4.9% in the past year, according to RP Data.
For more about prices and yields in Coffs Harbour, see the RP Data suburb page.
 
 
 
 
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Investor form guide wrap: No takers yet for 5.5% yields in Coffs Harbour, but investor snaps up Fairfield Heights

<html><body>
There's now a website, <a style="font-size: 14px; text-align: left;" target="_blank" href="https://www.propertytycoon.com.au/">www.propertytycoon.com.au</a>, where punters can guess auction results in Melbourne and Sydney, with no outlay. It's mostly about testing your market knowledge with a small cash prize as a sweetener.
Both properties featured on Property Observer were passed in at their super Saturday auctions, as top-end buyers failed to show much interest. The converted warehouse at 5/4 Tullo Place, Richmond (pictured above) failed to attract the price the vendor was hoping for.
<img src="/images/stories/tullo.jpg">
"There was more curiosity from neighbors than genuine interest from buyers at the auction of 5/4 Tullo Place Richmond on the weekend as a small crowd looked on as the property received one bid at $1.3 million before being passed in," says Mark Armstrong of Property Tycoon.

"There was a bit of action after the auction however as another buyer showing interest and offered $1.5 million, but this was still a fair way of the $1.65 million the vendor is holding out for."
<img src="/images/stories/gibsonst.jpg">
The Sydney property featured on Property Observer, 21 Gibson Street, Bronte (pictured above), also struggled to get over the line.
"In Sydney the lack of off-street parking was the major objection from buyers for 21 Gibson Street, Bronte," says Armstrong.

"The auction failed to gain any real traction and was passed in for $2.025 million with a reserve of $2.4 million. 

"The result illustrates that when buyers are looking to spend that amount of money they really need every box ticked or they will simply wait for better options."
 
 
 
</body></html>

Picky buyers willing to wait dampened auction tipping competition results

<html><body>Australian Property Monitors (APM) has released a list of results from 646 auctions in Sydney for the weekend of March 31. The clearance rate was 53.8%. <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 646 Sydney auction results showing a clearance rate of 53.8%

<html><body>
Despite the big jump in pre-Easter auction listings, Melbourne’s estate agents secured a commendable 60% Saturday auction success rate, which was revised up to 61% after Sunday's results. But Sydney’s result was weaker with a 53.8% clearance rate.
Melbourne's result was consistent with the year to date, but Sydney's was significantly down on the previous week, the weakest for four weekends.
It was the first super Saturday auction weekend in both Sydney and Melbourne since late 2010, with more than 1,000 auctions scheduled for Melbourne and more than 700 in Sydney.
Not all the results are in, and it was perhaps not the truest reflection of under the hammer sentiment as many agents tried hard to avoid the pre-school holiday bottleneck by securing pre-auction sales. The McGrath agency reported 44 pre-sales among its 76 sales from 151 offerings across NSW.
The Melbourne result was up on the 59% of the prior weekend but slightly lower than the year to date clearance rate of 62% for Melbourne.
The last five Melbourne weekends have returned clearance rates in a very tight band between 58% and 61%, which indicates very consistent demand despite the fluctuations on volume.
Despite the higher Melbourne success rate rate, anedotal auctions reports suggested bidding numbers were more subdued in Melbourne than the turnouts at successful Sydney auctions.
The highest known sale in Sydney <a href="https://www.propertyobserver.com.au/new-south-wales/after-five-years-super-saturday-s-%244.95-million-sale-represents-a-half-price-haircut/2012040154109" target="_blank">was a $4.95 million sale at Burraneer</a> and in Melbourne it was a Grandview Grove Prahran house for $4.57 million. Prahran had the highest number of auctions scheduled for the weekend with 13 out of the 17 reported results sold reflecting a 76% clearance rate. Melbourne buyers' agent Mal James noted there had been a 79% success rate at the 34 auctions with $1 million-plus his buyers agency attended.
"It was a sizzling result and supports the market improvement most have been claiming in 2012," James says. But the average bidder number was two per auction, James notes.
Ian Carmichael, the Bennison Mackinnon Melbourne eastern suburbs auctioneers notesdespite a few strong results among some average outcomes, buyers were still very prepared to walk away.
“In light of the high volume of homes on offer this is a good result and shows that the market is performing consistently,” Enzo Raimondo, chief executive of the Real Estate Institute of Victoria, says.
The 61% clearance rate came from the 929 auctions reported to the REIV of the expected 1,040 auctions, with more auctions results yet to come which will see a revised tally early this week.
The same weekend last year resulted in a clearance rate of 60% from 808 auctions.
With the Easter holidays next weekend only 50 auctions are scheduled for Melbourne.
The 53.8% Sydney result recorded from 626 of the expected 737 results by Australian Property Monitors was down on the prior weekend's 59% success tally.
Sydney’s various markets performed diversely. Of the 110 reported inner-west auctions, there was a 76.4% success rate. The clearance rate on the lower north shore was 61.3% and 56.3% in the city and east. Other regions were weaker.
 In Sydney by 9.30am First National auctioneer Michael McCaffery had sold his 19 Driver Street Denistone West auction property.
“Strong bidding and for above reserve at $776,000 was a great start to the day,” he says.
There were strong registrations at many auctions including a Ray White Five Dock property that fetched $1 million. There were 31 bids from the 11 registered according to Cooley auctioneer Nick Cleary.
At the Ray White auction of Wells Street Annandale for $790,000 the selling agent Charles Bailey had nine registered buyers.
Cooley auctioneer Chris Mourd sold his 21 Trafalgar Parade Concord offering for $1.1 million well above its $950,000 reserve with five registered bidders at the LJ Hooker auction.
The overall Cooley Auctions clearance rate was 57% selling 46 of its 81 auctions.
There were four registrations for 5 Carnarvon Avenue Glenhaven, which fetched $2.16 million through Century 21 West Pennant Hills.
The Ray White offering at 36a Franklin Road Chipping Norton sold for $15,000 above reserve, which the office is claiming as a record price.
The Ray White Drummoyne office sold four of its five listings under the hammer.
Sales included a mortgagee auction when auctioneer Bram Page sold 117/2 Bond Street, Sydney for $412,000. There were eight registered bidders who saw the property move beyond its $400,000 reserve through Sydney Cove Property. The flat last traded at $345,000 in 2008. It was sold on the weekend amid spirited bidding to Allan Dabbagh, owner of Coldwell Banker Real Estate at Wattle Grove and Cumberland-Courier NSW Community's father of the year.
But there were passed ins including a five bedroom beachfront house at Barrack Point, near Shellharbour, that was passed in at $1.7 million by Ray White auctioneer Ben Mitchell.
The propertytycoon.com.au website noted just the two bidders contesting 50 O'Grady Street Clifton Hill with it selling under the hammer for $780,000.
Nelson Alexander agent Roland Paterson had been quoting between $690,000 to $750,000.
A 5/57 Spenser Road St Kilda unit sold for $500,000 as three bidders got involved.
In Melbourne the offering at 4/43 Clowes St South Yarra was passed in at $800,000 but sold shortly after for $820,000.
Andrew James of Hocking Stuart Armidale says his office sold six of seven auctions.
Grant Lynch at Allens Real Estate reported a clean sweep of the office’s three auctions in the outer eastern suburbs.
The Philip Webb agency in the eastern suburbs recorded sales in seven of its 10 auctions.
The Jas H Stephens agency team sold seven of its 10 auctions.
Based on the Saturday 6pm results, there are 133 unreported or unheld Sunday auctions in Melbourne, along with 111 unreported Sydney results.
 
Melbourne's super Saturday auction weekends since 2003
 
<table border="1" cellspacing="0" cellpadding="0" width="275"><tbody>
<tr>
<td valign="top" nowrap width="90">
Date
</td>
<td valign="top" nowrap width="104">
Auctions
</td>
<td valign="top" nowrap width="81">
Clearance rate
</td>
</tr>
<tr>
<td valign="top" nowrap width="90">
12-Dec-10
</td>
<td valign="top" nowrap width="104">
1,235
</td>
<td valign="top" nowrap width="81">
57.0%
</td>
</tr>
<tr>
<td valign="top" nowrap width="90">
5-Dec-10
</td>
<td valign="top" nowrap width="104">
1,071
</td>
<td valign="top" nowrap width="81">
60.0%
</td>
</tr>
<tr>
<td valign="top" nowrap width="90">
28-Nov-10
</td>
<td valign="top" nowrap width="104">
1,101
</td>
<td valign="top" nowrap width="81">
59.0%
</td>
</tr>
<tr>
<td valign="top" nowrap width="90">
21-Nov-10
</td>
<td valign="top" nowrap width="104">
1,013
</td>
<td valign="top" nowrap width="81">
57.0%
</td>
</tr>
<tr>
<td valign="top" nowrap width="90">
24-Oct-10
</td>
<td valign="top" nowrap width="104">
1,127
</td>
<td valign="top" nowrap width="81">
67.0%
</td>
</tr>
<tr>
<td valign="top" nowrap width="90">
20-Jun-10
</td>
<td valign="top" nowrap width="104">
1,050
</td>
<td valign="top" nowrap width="81">
68.0%
</td>
</tr>
<tr>
<td valign="top" nowrap width="90">
28-Mar-10
</td>
<td valign="top" nowrap width="104">
1,073
</td>
<td valign="top" nowrap width="81">
85.0%
</td>
</tr>
<tr>
<td valign="top" nowrap width="90">
12-Dec-09
</td>
<td valign="top" nowrap width="104">
1,065
</td>
<td valign="top" nowrap width="81">
81.0%
</td>
</tr>
<tr>
<td valign="top" nowrap width="90">
28-Nov-09
</td>
<td valign="top" nowrap width="104">
1,050
</td>
<td valign="top" nowrap width="81">
78.0%
</td>
</tr>
<tr>
<td valign="top" nowrap width="90">
19-Apr-08
</td>
<td valign="top" nowrap width="104">
1,105
</td>
<td valign="top" nowrap width="81">
64.0%
</td>
</tr>
<tr>
<td valign="top" nowrap width="90">
15-Mar-08
</td>
<td valign="top" nowrap width="104">
1,351
</td>
<td valign="top" nowrap width="81">
67.0%
</td>
</tr>
<tr>
<td valign="top" nowrap width="90">
1-Mar-08
</td>
<td valign="top" nowrap width="104">
1,014
</td>
<td valign="top" nowrap width="81">
71.0%
</td>
</tr>
<tr>
<td valign="top" nowrap width="90">
23-Feb-08
</td>
<td valign="top" nowrap width="104">
1,146
</td>
<td valign="top" nowrap width="81">
74.0%
</td>
</tr>
<tr>
<td valign="top" nowrap width="90">
15-Dec-07
</td>
<td valign="top" nowrap width="104">
1,171
</td>
<td valign="top" nowrap width="81">
78.0%
</td>
</tr>
<tr>
<td valign="top" nowrap width="90">
8-Dec-07
</td>
<td valign="top" nowrap width="104">
1,201
</td>
<td valign="top" nowrap width="81">
79.0%
</td>
</tr>
<tr>
<td valign="top" nowrap width="90">
17-Nov-07
</td>
<td valign="top" nowrap width="104">
1,197
</td>
<td valign="top" nowrap width="81">
81.0%
</td>
</tr>
<tr>
<td valign="top" nowrap width="90">
27-Oct-07
</td>
<td valign="top" nowrap width="104">
1,211
</td>
<td valign="top" nowrap width="81">
83.0%
</td>
</tr>
<tr>
<td valign="top" nowrap width="90">
13-Dec-03
</td>
<td valign="top" nowrap width="104">
1,046
</td>
<td valign="top" nowrap width="81">
44.8%
</td>
</tr>
<tr>
<td valign="top" nowrap width="90">
6-Dec-03
</td>
<td valign="top" nowrap width="104">
1,101
</td>
<td valign="top" nowrap width="81">
52.0%
</td>
</tr>
<tr>
<td valign="top" nowrap width="90">
29-Nov-03
</td>
<td valign="top" nowrap width="104">
1,241
</td>
<td valign="top" nowrap width="81">
47.0%
</td>
</tr>
<tr>
<td valign="top" nowrap width="90">
25-Oct-03
</td>
<td valign="top" nowrap width="104">
1,115
</td>
<td valign="top" nowrap width="81">
66.5%
</td>
</tr>
</tbody></table>
 
Source: REIV
Sydney's super Saturday auction weekends since 2009
<table border="1" cellspacing="0" cellpadding="0" width="247"><tbody>
<tr>
<td valign="bottom" nowrap width="92">
Date
</td>
<td valign="bottom" nowrap width="155">
Number of properties listed for auction
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="92">
26-Sep-09
</td>
<td valign="bottom" nowrap width="155">
678
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="92">
27-Mar-10
</td>
<td valign="bottom" nowrap width="155">
752
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="92">
29-May-10
</td>
<td valign="bottom" nowrap width="155">
630
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="92">
25-Sep-10
</td>
<td valign="bottom" nowrap width="155">
666
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="92">
30-Oct-10
</td>
<td valign="bottom" nowrap width="155">
651
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="92">
6-Nov-10
</td>
<td valign="bottom" nowrap width="155">
625
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="92">
20-Nov-10
</td>
<td valign="bottom" nowrap width="155">
648
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="92">
27-Nov-10
</td>
<td valign="bottom" nowrap width="155">
779
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="92">
4-Dec-10
</td>
<td valign="bottom" nowrap width="155">
680
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="92">
11-Dec-10
</td>
<td valign="bottom" nowrap width="155">
627
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="92">
26-Feb-11
</td>
<td valign="bottom" nowrap width="155">
625
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="92">
16-Apr-11
</td>
<td valign="bottom" nowrap width="155">
646
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="92">
29-Oct-11
</td>
<td valign="bottom" nowrap width="155">
619
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="92">
26-Nov-11
</td>
<td valign="bottom" nowrap width="155">
662
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="92">
10-Dec-11
</td>
<td valign="bottom" nowrap width="155">
654
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="92">
31-Mar-12
</td>
<td valign="bottom" nowrap width="155">
702
</td>
</tr>
</tbody></table>
Source: APM
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jchancellor-FAypfDUnLy

Melbourne passes Super Saturday auction acid test while Sydney results were so-so

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The inner suburbs of Melbourne and Sydney will ring out with auctioneers’ cries this weekend in what will be the first super Saturday auctions weekend in both cities for 2012. 
The REIV calculates there will be about 1,000 auctions in Melbourne over the weekend, the first 1,000-plus auctions weekend since the December 12, 2010 weekend, when there were 1,235 auctions held with a clearance rate of 57%. 
There have only been 21 weekends of more than 1,000 auctions since October 2003, according to REIV records, with the biggest being the March 15, 2008 weekend, when there were 1,351 auctions and a clearance rate of 67%. 
REIV spokesperson Robert Larocca says this weekend will provide buyers with “the greatest choice on a single weekend since the middle of December 2010”. 
“The highest number of auctions this weekend is in Prahran with 21, followed by 17 in Brighton, Camberwell, Essendon, Kew and Northcote. 
“On the eve of this weekend the year to date clearance rate is 62%. The last five weekends have returned clearance rates between 58% and 61%, which indicates very consistent demand despite the fluctuations on volume,” he says. 
This weekend last year there were 808 Melbourne auctions, with a clearance rate of 60%. 
Last weekend 778 auctions were held with a clearance rate of 59%. 
There are 702 auctions scheduled in Sydney during the weekend, the highest number since the November 27, 2010 weekend (779 auctions) and 23% more than the 431 auctions recorded last weekend, according to Australian Property Monitors (APM). 
According to APM, Sydney has recorded 15 weekends with more than 600 auctions scheduled dating back to September 2009. 
“It is a super Saturday. It’s the biggest since late 2010,” says APM research analyst Clinton McNabb. 
“It is up 8.7% on the equivalent weekend last year (that is the one prior to the Easter weekend).  This was the April 16, 2011 weekend, with 646 auctions,” he says.
In Sydney the busiest suburbs will be Strathfield in the inner west and Coogee in the eastern beaches, which each have 11 auctions scheduled, followed by Maroubra and Paddington with 10 each. 
Auction activity will come to a virtual standstill over the April 7 Easter weekend, with just 40 auctions scheduled in Melbourne and 23 scheduled in Sydney.
 
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Melbourne and Sydney inner-city suburbs the focus of super Saturday auctions weekend

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2111/250 Elizabeth Street, Melbourne, VIC, 3000
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The tenant of this one-bedroom Melbourne CBD apartment is paying rent of $425 per week and is on a lease until January 2013, but agent Nathan Gibson of Harcourts says comparable apartments in the building are leased for $465 per week. 
Gibson <a target="_blank" href="https://www.harcourts.com.au/">is marketing the property </a>with price hopes in the mid-$300,000 range, and if it sells for $370,000 that would secure an investor a gross rental yield of 5.6%, under the indicative gross rental yield for Melbourne units of 6.2%, according to RP Data. A rental of $465 per week would equate to a gross rental yield of 6.5%. 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 $10,000 and over five years to be $36,000.
The median unit price in Melbourne fell by 7.5% in the past year, according to RP Data.
The property will go to auction on Saturday, March 31 at 2pm.
For more about prices and yields in Melbourne, see the <a target="_blank" href="/news">RP Data suburb page.</a>
For another investment prospect going to auction this weekend, see page 2.
 
 
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1 Kennedy Drive, Tweed Heads, NSW, 2485
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This three-bedroom Tweed Heads house has a development application in place for two duplexes, or an investor could retain the long-term tenant, who is paying $260 per week. Agent Jess Hutson says although the tenant is on an expired lease, that is market rent for the area.
Hutson <a href="https://www.rainbowbayrealty.com.au/sales/properties.php?id=5433912&amp;test=1" target="_blank">is marketing the property</a> with price hopes of $299,000 plus, and if it sells for that price it would secure an investor a gross rental yield of 4.5%, significantly above the indicative gross rental yield for Tweed Heads houses of 3.9%, 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 $8,000.
The median house price in Tweed Heads had no change in the past year, according to RP Data.
The property will go to auction on Saturday, March 31 at 1pm.
For more about prices and yields in Tweed Heads, see the RP Data suburb page.
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Friday form guide: Yields of up to 5.6% in Melbourne

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Sydney is the 18th most expensive place in the world to buy a luxury home, according to the 2012 Knight Frank and Citi Private Bank’s sixth Wealth Report.
Australia’s biggest city shot up the global rankings from 34th last year despite the report noting that “prime Australian prices have also slipped as affordability becomes an increasing constraint”. 
Sydney also ranks as the 19th fastest-growing city in terms of global importance, though it not among the current 20 most globally important cities, headed by London, New York and Hong Kong, according to the Wealth Report, which surveyed more than 4,000 individuals worth on average more than US$100 million each. 
Sydney also ranked among the top locations for retail property investors, with prime global retail yields edging close to 7%, just below top-ranking Shanghai. 
According to the sixth Wealth Report, a square metre of prime Sydney residential property costs US$22,400, ranking it just below 17th-placed Manhattan at $23,300 per square metre. 
Sydney is more expensive than St Petersburg ($20,200 per square metre) and nearly twice as expensive as Venice ($11,700 per square metre). 
The list is headed by the city state of Monaco, the traditional playground of the ultra-wealthy, where one square metre of residential property costs $58,300.
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“Investors seeking a more conservative strategy have gravitated toward high-quality properties in central business districts in cities such as Beijing, London, Munich, New York, Paris and Sydney,” says Luigi Pigorini, CEO Citi Private Bank Europe, Middle East &amp; Africa. 
“Conversely, for those willing to accept more risk, high-growth markets, such as Asia and Latin America, may be able to generate more attractive returns relative to the US and Europe.
“Investors must remain cautious as global economic growth will continue to influence all property markets, and investors should measure their yield and return expectations taking growth into account,” Pigorini says.
Australia ranked as the seventh richest country in the world on a GPD per capita basis (total GDP divided by population).
Stephen Ellis, executive chairman of Knight Frank Australia, says if China continues to grow and commodity demand remains, there will continue to be a strong growth story for property in Australia.
“We are upbeat on prospects for cities like Perth and Brisbane that have strong links to the mineral and resources industries.
“The stable economy, relatively low debt and attractive yields have attracted many offshore investors to Australia,” he says.
The report notes that offshore investors that poured funds into Australia in 2011 included Memocorp, the Australian arm of Singapore billionaire Tay Tee Peng, who paid $395m for 259 George Street in Sydney, and South African investor Nathan Kirsh, who bought 4 and 14 Martin Place for $153 million.
Chinese, Russian, Middle Eastern, Latin American and those from other growth economies are expected to become most important as prime property buyers over the next five years.
The report found a global swing away from property among centa-millionaires to less risky assets like bonds, gold and cash. 
But it expect further growth in interest in commercial property from high-net-worth individuals, forecasting US$74.1 billion of private transactions globally in 2012 (a 5% year-on-year increase).
The report says there are now 63,000 people worldwide with $100 million or more in assets.
There are now 18,000 centa-millionaires in the region covering south-east Asia, China and Japan. 
This is more than North America, which has 17,000, and Western Europe, with 14,000. 
By 2016, south-east Asia, China and Japan are forecast to extend their lead, with 26,000 centa-millionaires, compared with 21,000 in North America and 15,000 in Western Europe. 
On a country-by-country basis, the US will still dominate in 2016, with 17,100 centa-millionaires, but China will be catching up fast with numbers set to double from current levels to 14,000.
“This year’s Wealth Report contains even more evidence that the world’s wealthy are weathering the economic slowdown better than the wider population, and nowhere is this better reflected than in prime property markets,” says Andrew Shirley, editor of The Wealth Report.
Those markets considered “safe-haven” locations continue to attract private investors looking for both prime residential and commercial property. Political and economic uncertainty across the world is only helping to exacerbate the trend.
“But it is not just property where HNWIs from fast-growing economies are making their mark. The Wealth Report’s Attitudes Survey reveals that they are playing an increasingly important role in the worlds of sport, fine art, wine, and philanthropy.”
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