Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

&nbsp;

&nbsp;

Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

Joel Robinson

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

The Gold Coast Planning Committee has supported the preliminary approval for the Benowa Gardens Urban Village project following an extensive community consultation and assessment process.

The proposal will now proceed to a full council vote on June 2.

The application sought approval for a masterplanned urban village on the existing Benowa Gardens Shopping Centre site, combining new housing, retail, dining, health and lifestyle amenities within a walkable, integrated precinct.&nbsp;

The proposed redevelopment includes around 413 apartments integrated above a revitalised mixed-use centre featuring a full-line supermarket of 4,000 sqm, 6,000 sqm of specialty retail and dining space across around 30 retailers, a 7,000 sqm health and wellness precinct, and roughly 9,630 sqm of office and medical suites.&nbsp;

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="fb36ae47-80bc-45f0-9914-31b0c7b6007d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/PR26576%20Ashmore%20Road%20C4%201121%20FI.jpg?VersionId=6mRKk2uU4r67TmTt39DKGUlvFRbTVqWa" />

The broader masterplan also includes very significant traffic and transport improvements, wide pedestrian walkways, upgraded pedestrian and cycle connections, and enhanced public areas designed to create a more connected and walkable community environment.&nbsp;

Centre owner Patrick Lu said the milestone reflected months of detailed planning, technical assessment and ongoing communication with local residents, businesses, schools and stakeholders.

“We appreciate the time, consideration and care Council officers and the Planning Committee have given this proposal throughout the assessment process,” Lu said.

“We also sincerely thank the local community for engaging with us, sharing feedback and participating in the consultation process over many months.

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="32fd1fc3-d0e6-485f-ac57-9916c9bcb818" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/PR26576%20Ashmore%20Road%20C5%201121%20FI_2.jpg?VersionId=fz8qQKDBLQ7MyFRc856Zccfbh9nFwLOe" />

“We understand projects of this scale bring questions and concerns, which is why we have worked hard to listen carefully, provide information transparently and continue refining elements of the proposal where possible.

“Our vision has always been to create a well-designed, community-focused urban village that responds to the changing needs of the Gold Coast, while delivering improved amenity, housing diversity, healthcare access and local lifestyle benefits.

“This proposal is about creating a genuine live-work-play environment where residents can access everyday services, schools, healthcare, dining, shopping and green space within walking distance, while also supporting local jobs and economic activity.”

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="50dfbd04-590e-4fc6-983b-766880947867" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Dining%20Day%20Time%20-%20High%20Resolution.jpg?VersionId=BP7ZoKJ0DdL_8iRkkC8VVx99moICV6kg" />

Lu said the proposal had evolved significantly through consultation and technical review, particularly around traffic, pedestrian and student safety and neighbourhood connectivity.&nbsp;

Melissa Griffin, Director at Urbis, said the recommendation recognised the strategic importance of delivering more housing and services within established urban areas already supported by infrastructure.

“This proposal represents the type of thoughtful, integrated growth that planning frameworks across South-East Queensland are encouraging,” Ms Griffin said.

“The project seeks to place housing, retail, healthcare and employment opportunities together in a highly accessible location close to schools, transport and existing services.

“Importantly, the process has involved significant technical assessment and community engagement to ensure local issues and feedback were properly considered throughout the planning pathway.”

$1 billion Benowa Gardens Urban Village heads to council vote following Planning Committee support

Surfers Paradise is officially set for its first new residential development with a 45-storey skybridge connecting the two towers.

John Camilleri’s Celestino Developments has been given the green light by the Gold Coast City Council to develop its major beachfront precinct across its huge 4,000 sqm oceanfront site at <a href="https://www.apartments.com.au/new-apartments/63-79-garfield-terrace-surfers-paradise-qld-4217">63–79 Garfield Terrace</a>, just five months after its <a href="https://www.apartments.com.au/news/qld/first-look-exclusive-billionaire-winx-breeder-s-bold-two-tower-surfers-paradise-play-with-45th-storey-skybridge">submission in late 2025</a>.

The approved scheme will deliver two towers rising 55 and 48 storeys, connected by a skybridge positioned on level 45 that will house a range of resident-only wellness and entertainment spaces.

In its notice of approval, the Gold Coast City Council said the&nbsp;proposed overall built form has been designed to complement the scale, intensity and protect the adjacent amenity and surrounding streets through the use of varied setbacks, site cover and architectural elements.

<img alt="First look exclusive: Billionaire Winx breeder’s bold two-tower Surfers Paradise play with 45th-storey skybridge" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-30%20at%209.53.48%E2%80%AFAM.png?VersionId=ADyPJ_TFbJvSU9wZFOiCBnlPtgF7VWqW" />

Designed by <a href="https://www.apartments.com.au/architects/dbi">DBI</a>, the development will comprise 275 apartments across the two towers, including a mix of two-, three-, and four-bedroom residences, as well as several penthouses. The apartments will sit above a landscaped podium featuring more than 90 metres of beachfront pool frontage, private resident lawns, lounges, and wellness spaces.

DBI said the design draws heavily from the movement and form of the coastal environment, with curving balcony lines and sculpted façades intended to soften the scale of the towers while maximising ocean outlooks and passive shading outcomes.

“The project occupies a rare, uninterrupted oceanfront site and has been shaped by a design philosophy that merges architectural elegance with environmental responsiveness and a carefully curated lifestyle experience,” DBI said in planning documents submitted to the Gold Coast City Council.

The most distinctive element of the approved project is the skybridge linking the two towers at level 45. The elevated communal space is planned to include executive lounges, formal dining areas, wellness facilities, and panoramic ocean-facing outlooks.

“The skybridge enhances the identity of the development, promotes social interaction, and delivers a lifestyle experience not found elsewhere on the Gold Coast,” DBI said.

At podium level, residents will have access to a suite of resort-style amenities, including resident lounges, private dining rooms, a yoga lawn, gymnasium, plunge pools, and treatment spaces. The beachfront pool has been designed with separate lap, lounge, and children’s areas extending across the width of the site.

The project will also introduce new food and beverage offerings along the Enderley Avenue and Oceanway frontages, contributing additional activation to the beachfront precinct.

First look: Winx billionaire’s beachfront Surfers Paradise apartment development greenlit

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?

ANZ believes the Reserve Bank is in no rush to move again.

Following the release of the May Monetary Policy Board Minutes, ANZ has taken the view that the RBA is now firmly in a holding pattern, with the cumulative impact of previous rate hikes giving the Board scope to assess how the economy evolves from here.

That positioning, in ANZ’s view, makes a June rate hike unlikely.

The bank continues to expect the cash rate to remain unchanged at 4.35 per cent for an extended period, with the RBA adopting what is effectively a wait-and-see approach.

The Minutes point to a Board that sees financial conditions as already restrictive, but without a clear read on just how restrictive they are. That uncertainty has shifted the focus away from immediate policy action and toward monitoring both domestic conditions and global developments, particularly the conflict in the Middle East.

As ANZ interprets it, the Board is deliberately avoiding strong forward guidance.

Instead, it is allowing itself flexibility, acknowledging that monetary policy has limited ability to influence the near-term trajectory of inflation, while also recognising that economic growth is likely to remain below potential for some time.

Despite that pause in momentum, ANZ notes that the Board still carries a tightening bias.

The Minutes reveal that, in weighing up its decision, the Board seriously considered another 25 basis point increase. The key debate centred on the trade-off between inflation and activity, particularly in the context of global uncertainty.

Ultimately, most members leaned toward the inflation side of that equation.

Underlying inflation is still expected to remain above target for an extended period, regardless of how external risks evolve. That has led to a view within the Board that the risks to its inflation objective have increased, and that the current cash rate may not be sufficiently restrictive to fully contain those pressures.

That’s important.

While the decision, for now, is to hold, the underlying tone of the Minutes suggests the door to further tightening has not been closed.

ANZ also points to commentary from Assistant Governor (Economic) Sarah Hunter, who highlighted the risk that inflation could pass through the economy more quickly and broadly than in previous cycles. Both Hunter and a majority of the Board expressed concern that inflation expectations could become less anchored after such a prolonged period above target.

That combination, persistent inflation and the risk of expectations shifting, is what continues to underpin the RBA’s cautious stance.

However, where ANZ diverges from the RBA is on the outlook for activity.

The Board appears relatively comfortable with current spending patterns, effectively downplaying recent declines in business and consumer sentiment. It notes that sentiment has historically been only weakly correlated with actual spending, and that feedback from its liaison program has not yet pointed to a meaningful slowdown in consumption.

ANZ is less convinced.

The bank believes the link between household disposable income, sentiment and spending is more direct than the RBA is currently acknowledging. With inflation continuing to erode real incomes, ANZ expects household spending to soften more materially than the central bank is forecasting.

That divergence matters because it shifts the balance of risk.

If activity weakens more than expected, the trade-off between inflation and growth changes. In ANZ’s view, that would reduce the need for further tightening and reinforce the case for the RBA to remain on hold.

It also suggests that the current policy setting may already be doing more work than the Board fully appreciates.

The broader takeaway from ANZ’s interpretation is that the RBA is walking a narrow path.

On one side sits the risk of inflation remaining elevated for longer than expected. On the other is the growing pressure on households and the potential for a sharper slowdown in activity.

For now, the Board is choosing to wait.

But it is a pause that still carries an underlying tightening bias, rather than a clear pivot toward easing.

In practical terms, that leaves the cash rate anchored at 4.35 per cent for the foreseeable future, with the next move still uncertain.

For borrowers, it reinforces the reality that relief is not imminent.

And for the broader economy, it highlights the delicate balance the RBA is trying to strike, between bringing inflation back to target and avoiding an unnecessarily sharp slowdown in growth.

According to ANZ, it is a balance that is becoming increasingly difficult to maintain.

RBA to hold rates for "prolonged period" rather than hikes: ANZ

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Developer Katie Page's proposed 10-storey high rise on Main Beach Parade will proceed, after Brisbane’s Court of Appeal yesterday dismissed an appeal from the council.
The wife of retail king Gerry Harvey got her 10-storey approval despite Gold Coast Council’s 1982 overlay map relevant to the Main Beach Parade beachfront site designating a maximum building height of three storeys.
The initial judge had concluded that the proposed development met the applicable performance criteria but this was appealed by the council, which considered the judge had misconstrued the planning scheme and thereby erred in law by approving a development with such height disparity.
The council must pay Page’s costs in the case, where she was represented by D. R. Gore QC, with B. D. Job briefed by Mallesons Stephen Jacques.
The appeals court ruled it was common ground that the overlay map’s reference to a maximum height was not prescriptive. The land to the immediate west of Main Beach Parade is within a 25-storey designation.
Page’s application proposed a seven-storey building with a partial eighth storey, but because of floor to ceiling heights, it amounted to a 10-storey building for the purposes of the relevant planning scheme.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/mainbeach.jpg">
The proposal is considerably lower than the tall towers that visually dominate to the west of Main Beach Parade. It is also lower than three nearby beachfront high-rise developments, namely Golden Sands (18 storeys), Hibiscus (12 storeys) and Beachside (16 storeys), which are also to the east of Main Beach Parade.
The initial judgement by Judge Michael Rackemann in February 2011 noted it was set to have an architectural quality higher than “what applies to many other buildings in Main Beach.”
“Whilst aesthetics are necessarily somewhat subjective, the building incorporates a range of interesting design features including in respect of materials, patterns, textures and colours.
“It will, I find, be designed and constructed to a high aesthetic standard,” he ruled.
Page paid $15.5 million in 2007 for the 882-square-metre block. 
 
 
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Katie Page triumphs over Gold Coast Council for 10-storey building

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A former BP station is the site of a new development by Fivex on the foreshore of Woolloomooloo.
The new building, called The Anchorage, will house 15 apartments including a three-bedroom whole-floor penthouse with views over Sydney Harbour Bridge. It has been designed by architecture firm Eeles Trelease.
<img src="/images/stories/anchorage2.jpg">
The developers bought the Cowper Wharf Road site from BP for $3.53 million in a 2002 auction.
It’s currently a vacant lot but the council has approved plans for the developer to build the five-level block.
Prices start at $525,000 for a 49-square-metre studio with no parking and go up to $1.65 million for a 111 square-metre two bedroom apartment with one car park. The 370 square-metre showpiece penthouse will set you back at least $5 million.
<img src="/images/stories/anchorage3.jpg">
The initial residential plans were approved in 2003.
In 2007 Fivex lodged plans for a commercial retail building.
By 2009 Fivex started marketing the office site as Wharfside, with Stephen Bowrey at Jones Lang LaSalle handling negotiations for the mixed retail and commercial complex.
The development, which didn’t proceed, comprised about 1400 square metres of office space over four levels. There were also to be two shops and basement car parking.
Despite the delays, which included Land and Environment Court proceedings, the residential development is expected to be completed before the end of 2013.
Two of the apartments have sold for $800,000 plus in the past month since marketing began.
The apartments are being sold through John-Paul Markopoulos of CBRE.
For advice on buying off the plan download our free e-book.
 
 
 
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Tide turns to residential on long-dormant Woolloomooloo foreshore site

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Queensland vendors appear intent on holding onto their properties rather than selling in suburbs where prices are currently declining, new research by PRDnationwide has revealed.
Of the 20 Queensland suburbs to record the greatest drop in house sales activity over the six months to June this year (compared with the same period last year), 18 experienced price falls of between 2% and 12%.
In comparison, among the 20 suburbs to register the greatest increase in sales activity over the six-month period, 14 of these registered median price increases over this time, with only three recording house price declines of 6% of more.
Suburbs to record sales activity drops of more than 50% included Urraween in Hervey Bay (sales numbers down 52%, prices down 2%), Bowen near the Whitsundays (sales numbers down 59%, prices down 1%) and Douglas in Townsville, where sales activity fell 55% following a price decline of 11%.
<img src="/images/stories/queenslandsoftening.gif">
 Sales activity picked up in mining suburbs such as Gracemere (37 additional sales, house prices up 3%), Calliope (26 additional sales, house prices up 11%) and Dysart (24 additional sales, prices up 15%), while some coastal towns like Tannum Sands (26 additional sales, prices up 7%) also received increasing activity as a result of the mines.
The suburbs that recorded the largest drops in sales activity but without the corresponding drop in sales prices were The Gap in inner Brisbane, which registered a 57% drop in annual sales despite house prices remaining unchanged over the six-month period, and the far north Queensland town of Atherton, where sales numbers fell 63% despite the median house price rising 5%, to record the biggest percentage decline in sales activity of all suburbs in Queensland.
Overall, for the June 2011 half-year period, Queensland recorded a total of 53,707 settled house transactions, equating to an annual softening of 22.8% (15,900 sales) from the previous year.
<img src="/images/stories/queenslandhousesales.gif">
Source: PRDnationwide 
According to PRDnationwide research director Aaron Maskrey, the significant softening in sales activity and values reflected a drop in first-home buyers, where demand was pulled forward in 2009 due to the boosted first-home owners grant and low interest rates and an investor segment “patiently waiting to see if they can attain a better bargain with values declining across most markets in the state”. 
“Purchasers looking at property should consider that historically low sales activity, softening capital values and increasing rental yields, form an ideal market to buy a property primed for strong returns. These buyer favourable conditions also allow purchasers to exploit their position in the market place to acquire a property at a discounted price,” Maskrey says.
 
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Queensland vendors prefer not to sell at all rather than sell at a deep discount

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The auctions market is continuing to struggle along despite the interest rate cut, with the nation's largest markets recording clearance rates in the low 50s, suggesting activity will remain subdued for the next few months.

Industry experts also suggest the real test will come next week when hundreds of new listings are expected to be listed, although success is not expected as consumers remain cautious.
Analysts suggest the lack of activity is a combination of low confidence, prices remaining too high, and the time of year – listings usually fall in November-December.
"Fewer and fewer listings come along this time of year," SQM managing director Louis Christopher says. "It'll start quietening down until the last weekend before Christmas, and then the market will just shut down."
"We'll have to wait until February to see what happens, but I expect it'll open with a much higher clearance rate."
This weekend's results have been particularly poor. According to the Real Estate Institute of Victoria, Melbourne recorded a clearance rate of 53%, with chief executive Enzo Raimondo saying the result is typical of "consistently moderate levels of demand".
There were 668 auctions this weekend, of which only 352 were sold.
Sydney recorded a clearance rate of 52.4%, with 518 properties listed, while Adelaide and Brisbane recorded rates of 34.5% and 12.5% respectively.
Christopher says he believes the results are actually lower than this, given both REIV and Australian Property Monitors use a fraction of reported results. He suggests clearance rates in Melbourne could actually be in the 40s.
"This would be suggesting house prices are still falling in Melbourne, and that we haven't had too much of a kick yet from the interest rate cut."
"Listings will peak next week, or the week after next, and from then, it's just going to decline through the end of the year."
<a href="https://www.propertyobserver.com.au/auctions/melbourne-gets-its-super-saturday-test-after-all/2011111452343" target="_blank">Next week Melbourne is set for its biggest auctions week of the year</a>, with over 1,000 properties listed.
APM economist Andrew Wilson agrees, saying both Melbourne and Sydney have been moving sideways for much of the year. And although he notes that confidence and conditions may be improving, consumers simply aren't responding to the property market due to a combination of factors.
"Things have stabilised in terms of unemployment, and retail sales have increased as well. But I think it still reflects the mindset of the consumer."
"Certainly next week will be the big test for 2011. And over summer, there should be enough indicators to show that buyer activity could improve."
This article originally appeared on <a href="https://www.smartcompany.com.au/property/20111121-rate-cut-still-not-providing-a-boost-to-auctions-market" target="_blank">SmartCompany</a>.
 
 
 
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Rate cut still not providing a boost to auctions market

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<div>
It was hoped by many investors that economic and investment fundamentals would settle down, stabilise, and provide an environment in which logical, sound, long-term, low-risk decisions could be made for future medium- to long-term investment.
Unfortunately, this has not been so, and economic turmoil persists typified by the American economic downturn, the European debt crisis and the consequent global share market volatility.
During this drawn-out and extended period of investment challenge, cash has been favoured, as is usually the scenario when other markets become less reliable.
This is particularly so in Australia, where the interest rates in global terms are relatively high, and the banks and capital guarantee institutions well governed and strong, in contrast to many alternatives overseas.
For this reason Australians have been saving more than ever and cash investment into Australia by overseas parties has also strengthened, one of the main causes for the Australian dollar maintaining above parity with the US for so many months. Amidst the turmoil and uncertainly, we have noticed at Charter Keck Cramer that beginning approximately eight months ago, there was a gradual turn to commercial property by shrewd investors, a trend that has now strengthened significantly.
So strong is this return in favour of property that our services to provide due diligence to prospective purchasers is in greater demand than in any period for many years, as I have noted in the forthcoming edition of The Asian Executive. Acting for both local and overseas investors, the focus is on the Australian east coast, Sydney and especially Melbourne.
</div>
<ol>
<li>Australia, especially the east coast, and particularly Melbourne, is assured of sustained long-term population growth.  This foreshadows excellent economic prospects, as strong population growth is the energy and primary growth factor of an expanding economy, and in a society such as Australia, creates strong demand for real estate in all classes.</li>
<li>Over the past four years as a result of the GFC, the Australian markets, which usually depend on “speculative” accommodation, built without commitment, have been inactive.  Consequently the vacancy rates in all property classes – not just residential but also retail, commercial and industrial – are very low, as a result of which rental values are likely to increase dramatically over the next six to seven years, enhancing yield returns and capital growth. 
</li>
<li>Melbourne is the fastest-growing city in Australia. 
</li>
<li>Australia has an outstanding geo-political location, in close proximity to the expanding economies of India and China. 
</li>
<li>The Australian population and economy are relatively small, nimble and quick to respond in a proactive fashion to global challenges. 
</li>
<li>Australia’s sovereign risk is extremely low to the point of being non-existent. 
</li>
<li>Australian politics is not polarised, but rather broadly balanced, and between both political parties, responsive to the private sector. 
</li>
<li>Australia has a high and enviable level of corporate governance, particularly within its banking industry.  The four major banks in Australia are well governed, have strong balance sheets, and remain supportive of the property sector. 
</li>
<li>In Melbourne and Sydney, Australia’s two leading capitals, the private sector is responsible for 93% of all building construction and development.  Accordingly, as population growth creates demand, the opportunities for the private sector are excellent. 
</li>
<li>The Australian property markets are well educated, mature and in general terms, managed by world-class executives operating at levels of best practice. 
</li>
<li>Australia’s long-term economic stability is well underwritten by its natural resources and export markets to the growing economies of India and China. 
</li>
<li>The Australian economy is generally well managed. 
</li>
<li>Over recent years there has been a dramatic increase in interest by Asian and European investors in Australian property, and this is likely to continue.  Asian investors are keen to shift money out of their own countries, and European investors grow more fearful of an EU economic slowdown.  By comparison, Australia offers low sovereign risk, a transparent market, ease of transaction, and strong growth prospects.</li>
</ol>
Scott Keck is executive chairman of <a href="https://www.charterkc.com.au/" target="_blank">Charter Keck Cramer</a>
 
 
 
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Thirteen reasons why Melbourne is the best city in the world to invest in property: Scott Keck

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With auction clearance rates consistently tracking between 45% and 50% since April this year it begs the question, why take a property to auction when you have less than a 50% chance of selling via this process?
Click to enlarge
<a href="/images/stories/rpnov211.gif" rel="shadowbox" title="Click to enlarge"><img src="/images/stories/rpnov211thumb.gif"></a>
Melbourne, Australia’s largest auction market, has typically shown a slightly higher clearance rate than other cities, however even in Melbourne the clearance rate has remained below 55% for all but three weeks since the beginning of May and we haven’t recorded a clearance rate higher than 50% for seven weeks.  
Click to enlarge
<a href="/images/stories/rpnov212.gif" rel="shadowbox" title="Click to enlarge"><img src="/images/stories/rpnov212thumb.gif"></a>
Despite the fact that clearance rates remain weak, across the combined capital cities there were almost 1,900 capital city auctions undertaken last week (the highest number of auctions since the last week of May earlier this year).
Clearly the auction process under the current market conditions is no longer about the auction itself.  It’s more about the marketing process and subsequent post auction deliberations.  An auction inherently encourages a buyer to play their cards.  A registration to bid is essentially an expression of interest in the property.  The bidder has revealed in no uncertain terms they have an interest in purchasing the home – it’s much more difficult for a real estate agent to measure buyer commitment outside of the auction or tender process.
With clearance rates this low for this long, most vendors should appreciate when they embark on an auction campaign their chances of selling "under the hammer" are not high.  A good real estate agent should be preparing for the post-auction campaign from the absolute beginning of the auction process.  With private treaty sales typically taking close to two months to sell within the current market, obviously a fairly large number of vendors believe that a 50:50 chance of selling under the hammer is still worthwhile.  Even if the sale is unsuccessful at auction at least they obtain some gauge of buyer interest for their property and can work towards a sale post auction with a vetted pool of buyers.
Tim Lawless is research director of <a target="_blank" href="https://www.rpdata.com/">RP Data.</a>
 
 
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Auctions becoming a marketing tool: RP Data's Tim Lawless

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A boutique block in the Melbourne suburb of Toorak is expected to appeal to well-heeled empty-nesters. 
The Six Brookville Road development, which launched late last month and has had strong inquiries but no sales so far, will be a block of just six two- and three-bedroom apartments, ranging in price from $1,495,000 to $3.44 million. 
<img src="/images/stories/brookville2.jpg">
Neometro director Jeff Provan says the development’s location in <a href="/news">Toorak </a>and aesthetics will appeal to owner-occupiers from the surrounding posh eastern suburbs. 
He says he expects buyers to be “people fanning out from Armadale and Hawthorn who really want to live close to the city but don’t want to be in a such an urban environment. 
“You’re living in a fairly leafy, quiet residential area, but you’re on two tram routes to the area and you’re on a train line,” Provan says. 
The developer will focus on high-quality fixtures and fittings and soft colour palettes. 
<img src="/images/stories/brookville1.jpg">
“Adding texture and warmth is fundamental to creating  welcoming living spaces that are design-focused yet functional. We like to use a mixture of natural materials and finishes, such as textured wood combined with stone or polished concrete, to create a contemporary but comfortable space,” Provan says. 
The block will include one 226-square-metre three-bedroom apartment and five two-bedroom apartments ranging in size from 128 square metres to 200 square metres. All include at least one car park, and two of the apartments come with two car parks. 
<img src="/images/stories/brookville3.jpg">
Provan says landscaping is a major focus of the design. 
“It’s got a great garden aspect to it,” he says. “It’s an elegant contemporary building with nice clean lines, and it’s a really garden aesthetic to it. 
“The ground-floor units have garden. It’s not a hard, urban building, it has landscape all around it.” 
Construction is due to start at the end of the year and is expected to be finished at the end of 2012.
For advice on buying off the plan download our free e-book.
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Boutique Neometro Toorak development to appeal to well-heeled empty-nesters

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{yoogallery src=[images/stories/november10melton]}
Storm Financial founders Emmanuel and Julie Cassimatis are prepared to sell their Townsville abode for almost half their initial expectations.
It was passed in at weekend auction at $1.35 million, with Ferry Property auctioneer Garry Byrne having a $2 million reserve.
The <a target="_blank" href="https://www.propertyobserver.com.au/auctions/cassimatis-property-for-auction-three-years-after-storm-collapse/2011110952290">eight-bedroom house with views over Townsville towards Magnetic Island </a>was initially listed for $3.85 million in 2006.
The land was bought for $280,000 in 1997 and built 11 years ago.
It’s been empty for about 18 months, having been home to the couple until they left Townsville following Storm's collapse.
About 50 people attended the auction with four registered bidders, according to the Townville Bulletin.
The Melton Terrace house attracted just three bids – $1.2 million from a phone bidder, a $1.3 million vendor bid and the $1.35 million bid by a local buyer also via telephone.
The couple’s financial advisory company, Storm Financial Services, collapsed in 2008, unable to pay its debts, leaving hundreds of clients out of pocket.
ASIC has commenced civil penalty proceedings against Emmanuel and Julie Cassimatis as directors of Storm in relation to alleged contraventions of their duties as directors.
It is alleged they caused and permitted Storm to be exposed to legal liability arising from the implementation of a financial services business model that involved providing commoditised financial advice to investors that failed to take into account the personal circumstances of individual investors.
ASIC's investigations into the collapse of Storm continues. The proceedings are contested.
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Storm Financial founders' Townsville property passed in at auction with a half-price hit in the making

<html><body>
Property commentator Mark Armstrong says that with up to 15% of auction results unreported, potential buyers are unable to get an accurate sense of the market.
"Our home is the biggest investment the vast majority of us will ever make yet our hands are tied when it comes to making informed decisions," Armstrong, of Property Tycoon, says. "Imagine if 30% of all share market transactions were undisclosed, there would be outrage."
He says the fact that many auction results are unknown is archaic and the system  must be changed.
"The Australian property market lives in the dark ages where a huge amount of results remain hidden from the public and finding out what a property previously sold for is near impossible."
The weekend auction of 24 Alfred Street, Prahran, was subdued, with the auctioneer coaxing bids from three reluctant bidders.
"After being announced on the market at $845,000 the property was finally sold for $852,500. This price was around $17,000 below the average tip," Armstrong says.
 
<img src="/images/stories/alfredst.jpg">
Sale price: $852,500
Agent quote: $780,000 - $850,000
% above agent quote: 0.29%
Bidders: Three
Last sold: May 2005 for $531,000
Growth since last sale:  7.5%
Median growth: 6.58%
Average tip: $869,747
% Correct tips: 37.76%
<a href="https://www.propertytycoon.com.au/" target="_blank">Property Tycoon</a> allows punters to guess auction results with no outlay.
 
 
 
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Weekend auction tipping result

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Era, the 40-storey Chatswood residential tower (pictured below), is now 96% sold. Mirvac only received state government approval for the development in early March. The company fast-tracked the design to be ready for construction in only three months after planning approval was received.
<img src="/images/stories/era.jpg">
Some 94% of the development was sold in less than 11 hours at its initial weekend release in March earlier this year. The initial apartments sold equalled $273.5 million in exchanged contracts.
“Our ability to fast-track this development to meet market demand illustrates our competitive advantage in developing high density product,” Mirvac managing director Nick Collishaw told the shareholders’ annual general meeting.
Construction commenced in June 2011 and is scheduled for completion in 2014.
In August Mirvac noted that it would look at "specific opportunities" for overseas marketing of some of its projects following the popularity of Era with Asian buyers.
"We have carried out overseas marketing in the past but it has never been a core part of our strategy and, indeed, when you look at Era at Chatswood, we had less than 8% of FIRB [Foreign Investment Review Board] approvals," Collishaw told analysts.
"We have a stronger Asian influence right now, but the fact is the majority of them are local buyers or using local cash."
<img src="/images/stories/yarrapoint.jpg">
Mirvac’s Yarra Point (pictured above), at Yarra’s Edge in the Docklands precinct in Melbourne, is now 78% sold. It was launched in October 2010 with a scheduled 2013 completion.
It sits among several apartment developments that have been fast-tracked as Mirvac focuses its offering as mid-price points, as typified by projects such as Yarra Towers in Melbourne and Era in Chatswood.
Yarra Point apartments had prices ranging from $513,000 to $2.4 million, with an average of price of $948,000.
“This product diversity caters both to owner occupiers and investors,” Collishaw suggests.
“Yarra Point was also the first Victorian project to be designed by Mirvac design department in Sydney demonstrating a new level of efficiency within our integrated model, following centralisation of our design business,” shareholders were advised.
For more on the past, present and future of Docklands, download our free e-book. 
 
 
 
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