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

Joel Robinson

Juliet to sit quietly amid Roseville apartment boom

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

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

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

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

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

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

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

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

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

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An Acacia Ridge, Queensland mortgagee home has been sold for $195,000.
The townhouse last sold for $250,000 in 2007.
As a result this latest sale represents a $55,000 reduction in value.
Mark and Debra Affleck of Elders Town &amp; Country marketed the property.
Situated at <a href="https://www.realestate.com.au/property-house-qld-acacia+ridge-132090306" target="_blank">13/80 Oswin Street</a>, the two level townhouse is a three bedroom, one bathroom abode.
Set on 181 sqm, the townhouse was described in the listing as "a great opportunity for first home owners, investors and buyers looking to downsize."
This property is located within a gated complex of Acacia Ridge, behind the Acacia Market Place. 
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><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/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a><a href="https://www.propertyobserver.com.au/administrator/index.php?option=com_content&amp;view=article&amp;layout=edit&amp;id=105990#metadata" data-toggle="tab"> </a>
The median price for a home in Acacia Ridge is $395,000 according to CoreLogic.
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j.ballantyne1990-6AQqhLzZaK

Acacia Ridge, Queensland mortgagee home sold for minor loss

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Mirvac has lodged a development application for the next stage in its $1 billion Waterfront Newstead community.
The DA significantly expand's the area's signature waterfront parkland, along with offering quality apartments, lifestyle amenities and retail.
Described as a building 'sculptured in the green', the new Sky Precinct features lush landscaped balconies matched with a ground-level tropical oasis of water, shaded enclaves and grassed areas, with 60 per cent of the 5,400sqm site, fronting Waterfront Park on the Brisbane River in Newstead, dedicated to open space.
Mirvac Queensland Residential General Manager Warwick Bible said the Mirvac team was 'tremendously excited' about the proposal for the Sky Precinct, which was set to follow in the footsteps of the previous landmark stages of Waterfront Newstead - Pier, Park and Unison.
Mr Bible said, "The proposed new building has been designed by the award-winning Mirvac Design team, who have worked hand in hand with landscape architects, RPS."
Mirvac Design’s Design Director, Michael Wiener, described the Sky Precinct as 'a park within a park' with green space providing the canvas for the built form.
Offering one, two and three bedroom apartments, with a limited collection of premium four bedroom residences, the Sky Precinct will boast views of the Brisbane River.
Mr Bible said, "at ground level, the Sky Precinct will boast a wellness centre for residents, complete with a gymnasium and yoga studio overlooking water features and tropical landscaping."
"Further up the building, a resident's lounge and private dining room offer the ideal space for special gatherings with premium finishes and panoramic views of the New Farm reach of the Brisbane River. Atop the building is a 25 metre infinity edge pool with views to the city and river, alongside a spa and barbeque terrace," he added.
Mr Bible said Mirvac's vision for the Sky Precinct was created following engagement with the local community.
The Sky Precinct, located at 58 Skyring Terrace, is being developed in-line with the Newstead and Teneriffe Waterfront Neighbourhood Plan.
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Mirvac lodges DA for $1 billion Waterfront Newstead community in Brisbane

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The <a href="https://www.yoursaydarebin.com.au/streetsforpeople">Streets for People</a> concept is all the rage in 2020. It is the new vocabulary used by agencies, planners, designers and communities to prioritise pedestrians and cyclists in our movement networks.

The concept itself is not rocket science.

<h2>The Streets for People Concept</h2>

A street is not just a conduit for movement. It can also be an inviting, vibrant place that supports the local community and economy.

Pre COVID-19 committed agencies were working hard to deliver Streets for People through finding the balance between providing for vehicles while fostering sustainable transport within the existing streetscape profile. Streets for People represents a paradigm shift in thinking about streets and road reservations as spaces for all users through the negotiation of confined road spaces. This initiative is a quintessential model of the marriage between strategic and <a href="/news/how-do-we-restore-the-publics-faith-in-transport-planning">transport planning</a>, and urban design.

Implementing successful streets for people goes beyond implementing bike paths. To achieve holistic people-oriented- places, infrastructure upgrades must also be paired with public realm improvements grounded by the following principles:

<ul>
<li>Prioritising People: To recognise people as key street users. Street design should maximise opportunities to improve pedestrian safety and amenity.</li>
	<li>Maximising vibrancy: To encourage activities to spill out onto the street from nearby buildings. Create opportunities for visible street activities.</li>
	<li>Minimising conflict: between the varying modes of transport, a higher priority given to pedestrians and cyclists without compromising the functional role of streets to support existing and future uses.</li>
	<li>Increasing cycling confidence: along the corridors by providing high-quality cycle infrastructure that is connected, easily navigated with varying degrees of separation from traffic.</li>
</ul>
<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/streets_for_people.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="989" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/streets_for_people.jpg?itok=6rO7qdGx" width="580"></a>

<figcaption>Movement and Place Concept. Image credit: VicRoads</figcaption></figure><h2>Streets for People vs Post COVID-19 Agoraphobia</h2>

Amsterdam's cycle-centric urban system is the by-product of the 1970s oil crisis.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/streets_for_people1.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="216" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/streets_for_people1.jpg?itok=W9FkB1Zm" width="580"></a>

<figcaption>Contemporary Amsterdam (right) and 1970s Amsterdam (left). Image credit: Sustainable AMS &amp; Schlijper</figcaption></figure>We can safely assume agoraphobia will be ongoing within the community in the coming months. Following the Stage 3 restrictions that were announced in late March, there was a recorded 80% drop in pedestrian <a href="https://www.arrb.com.au/latest-research/data-sheds-new-light-on-covid-19-effects">footfall in the CBD</a>. As pedestrian footfall drops, local businesses bear the consequence and further jobs could be lost.

To revive the local economy in the coming months is to support local businesses. These local businesses rely on passing trade, euphemistically termed the 'walking wallet'. Bringing people back to the streets is of paramount importance.

When the time comes for restrictions to be lifted, life will not be the same. Social distancing measures and <a href="/guides/covid-19-how-to-adapt-to-working-from-home">remote working arrangement</a> will continue in some capacity until there is a more permanent solution. Community anxiety for lingering in public space, using public transport and <a href="/guides/covid-19-is-it-possible-to-practise-social-distancing-at-home-absolutely">social distancing</a> will continue to influence the way we live. Vibrant places such as the CBD, or local shopping strips will be impacted.

It's far too early to find a silver-lining in COVID-19. However, you may have noticed as we're facing the crisis there has been an uptick in creative problem-solving.

<h2>When our driving habit is disrupted, creativity follows</h2>

In a bid to avoid public transport, commuters have dusted off their bikes.  Bike shops are seeing a spike in new riders. Most of whom have not ridden in years, myself included.

From my home office, supporting local businesses includes buying our groceries and getting coffee from local shops. I was not alone. This spending habit becomes more frequent and in demand. My local streets are experiencing an increase in pedestrian and cycling activity. It is more pertinent now than ever before to start reorganising our streets in response to increasing walking and cycling demand.

New Zealand is already creating a funding stream to facilitate wider footpaths and bike lanes quickly through <a href="https://www.beehive.govt.nz/release/govt-fund-temporary-cycleways-and-footpaths-post-covid-19-lockdown">tactical urbanism</a>. It will enable the community to practice safe social distancing, nurture long-term behavioural change and visually add vibrancy to the streets.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/streets_for_people2.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/streets_for_people2.jpg?itok=yZPjQPWJ" width="580"></a>

<figcaption>Federal Street in Auckland; more cycleways, extended footpaths - an example of how our cities will be redesigned for COVID-19 style social distancing. Image credit: bikeauckland.org.nz
</figcaption></figure><h2>Embrace the unlikely partnership</h2>

Unlike in the context of natural-disaster recovery projects, we can occupy and expand existing infrastructures. Shopfronts can continue to cater to tenancies and generate the desired pedestrian footfall to encourage local spending and bring back the vibrancy of a local area. A vibrant street is a viable street that supports much-needed employment in post-COVID-19.

Without relying on cafés as a trigger for place-activation, this is the time to reconsider what other uses can generate pedestrian footfall and <a href="https://www.citylab.com/design/2013/07/streets-can-be-public-spaces-too/6235/">re-activate the street</a>. Temporary, or pop-up working space, or shop fronts for universities, art installations, major shopping centres, or sole operators are ways to utilise existing infrastructure in the short term. Being within the community, to engage and contribute back to the local economy is one way to break down the invisible barrier that some of existing campuses, or shopping centres are modelled on.

<h2>Delivering streets for people in a time of crisis</h2>

Not too long ago, streetscape upgrades for footpaths and <a href="https://www.bicyclenetwork.com.au/our-campaigns/footpath-riding/">bike lanes</a> were rarely prioritised. With an array of stakeholders and decision-makers, often, negotiation for car parking and traffic lane re-arrangement becomes too complex and political within the context of limited budget and time. 

A strong partnership between government, landowners and the community is needed. In a crisis, vision alignment often puts important and urgent matters to focus to set a common goal. In this instance, we all have a role to play. Transport planners, urban designers, landscape architects must find creative ways to create wider footpaths and safer cycling infrastructure within our existing road network. State and Local Governments should continue working with landowners and shop operators in finding ways to reactivate shops and reduce unemployment through rental relief, or grant. Communities should feel empowered to advocate their local council for streetscape interventions that can improve pedestrian safety and foster stronger community relationships. 

Lastly, on-going community support for a ‘streets for people’ response to COVID-19 is a more productive and energizing defence through this uncertain time.

<h2>Final message</h2>

When facing novel problems, we see new uses for our resources and skills. The time to implement Streets for People is now. Meanwhile, do take care and be kind to each other.
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Melvie

OPINION: ‘Streets for People’

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<h2>OPINION:</h2>

There is no doubt that COVID-19 has brought a tremendous impact to the <a href="/expert-insights/buying/changes-the-real-estate-industry-will-experience-as-a-result-of-the-coronavirus">property market</a> that no one could have evaded. Aside from significant reduction in hospitality turnover and empty offices due to <a href="/guides/covid-19-is-it-possible-to-practise-social-distancing-at-home-absolutely">social distancing</a> policy, COVID-19 may act as a catalyst to blur the lines between apartments, offices, and hospitalities design.

Before the pandemic, we can already see new high-end apartments and co-working offices <a href="/expert-insights/buying/the-future-of-work-discussion-is-missing-its-biggest-opportunity">integrating with hospitality</a> in both design and services. Spa, pet care, and private dining rooms for residents; <a href="/news/how-living-in-a-mixed-use-precinct-can-benefit-you">vertical integration between retail precinct and apartments</a>; cafes, gyms, and even pilates studios within offices. Lifestyle has changed from having a clear identification of where to work, live, and entertain, to a highly accessible blend of our day to day activities.

Now we are having more percentage of people <a href="/guides/covid-19-how-to-adapt-to-working-from-home">working from home</a> than ever, <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2020-04-06/coronavirus-covid-19-self-isolation-online-shopping/12122834">online shopping and delivery being more common than ever</a>, and therefore the blend of day to day activities becomes a norm as everything happens at home now. This trend is going to change what apartment buyers may look for in terms of the amenities, security, and apartment layout.

1. Apartments with study areas or study rooms are still a minority in the current market, but people may start looking for a proper home office after they faced the frustration of sharing the dining table with family members whilst having a Zoom conference. As businesses are adopting the work from home model, it may become a long-term practice even after the pandemic. Conference facilities can be highly favourable by some apartment buyers.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/line_between_apartments.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="412" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/line_between_apartments.jpg?itok=cWsxAS6c" width="580"></a>

<figcaption><a href="/buildings/the-international-81-bay-street-brighton">The International, Brighton</a></figcaption></figure>2. It is still very common for the delivery company to leave a card in the letter box when people are not at home for a parcel delivery, but as online shopping becomes more common people may look for better solutions such as shared lockers in the mail room. Afterall, the trend is that people are writing less letters and <a href="https://www.bigcommerce.com.au/blog/ecommerce-trends/">placing more orders online</a>.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/line_between_apartments1.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="325" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/line_between_apartments1.jpg?itok=NGTMSWlE" width="580"></a>

<figcaption>The Hub locker by Amazon</figcaption></figure>3. Security and privacy concerns come along with convenience. There are occasions that we want to grant access to non-residents without handing them a key. A visiting friend arriving early when you are still on the way home, an Airbnb customer who is only staying for 2 days, a furniture delivery that certainly can’t fit in a locker etc. Being able to grant limited access via a smart system may get more common as more activities happen at home.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/line_between_apartments2_0.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="1031" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/line_between_apartments2_0.jpg?itok=ySbxIJWI" width="580"></a>

<figcaption>Kasta smart system</figcaption></figure>4. Health and wellbeing have undoubtedly become one of the most important topics recently. Aside from short term practices of using hand sanitizers and face masks, there are long term influences on people’s awareness in their health. The focus of amenities within or around a potential home may be switched from bars, fine restaurants and shopping areas, to spas, gyms, and greeneries or parks nearby. Ventilations and <a href="https://www.realhomes.com/advice/how-to-maximise-natural-light">natural lights</a> may also weigh more when selecting apartment layout.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/line_between_apartments3.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="362" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/line_between_apartments3.jpg?itok=n60MQYwm" width="580"></a>

<figcaption><a href="/buildings/the-eighth-south-melbourne-22-kings-place-south-melbourne">The Eighth</a>, South Melbourne</figcaption></figure>The <a href="/expert-insights/buying/how-will-the-coronavirus-impact-australia-s-property-market">COVID-19 pandemic</a> is definitely a crisis in many aspects, including the property market. However, when there is a disturbance, changes will come short after. Developers will have to adapt the changes and be a step ahead of it.
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Line between apartments, offices, and hospitality become a blur

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<h2>OPINION:</h2>

Attending an <a href="/guides">open home</a> is practically a Saturday sport for many property enthusiasts. 

Whether you are a curious neighbour, <a href="/guides/how-much-do-you-really-need-to-spend-on-an-apartment">potential buyer</a> or just happened to be walking past at the right time, we have all explored multiple properties under the guise of ‘research’.

Along with my favourite café, restaurant and beach, now <a href="/news/open-house-melbourne-building-list-announced">open homes</a> are shut for the foreseeable future. Unless you can meet criteria that extends to you being a genuine finance approved buyer, solemnly swear to not touch anything, are in good health and of course <a href="/guides/how-to-navigate-buying-property-during-the-covid-19-crisis">not shaking the agent’s hand</a>, the days of property viewing as a sport is a little lacklustre at the moment.

With the established property doors closing on people’s faces we are seeing a marked increase in the <a href="/guides">enquiry for new builds</a>.

It makes sense, right?

We are in a collective stay home order but that doesn’t mean you can’t plant a seed for your financial gain. With all your new spare time you can make some inroads to your future.

Take for example the following things you would probably avoid doing on a sunny Saturday:

• Get up to date with your tax returns  
• Review your financials – can you trim the fat?  
• Get onto your broker (or find on)  
• Find out what you can potentially borrow  
• Start the online search  
• Peruse floor plans, get really familiar with what you want.

<h2>What are you looking for in a property?</h2>

What are you willing to go without and what is a must have for your new property?

Property buyers all <a href="/news/first-home-buyers-snap-up-property-due-to-fear-of-missing-out">have different criteria and needs</a>. If you are an investor you need to consider who your tenant is likely to be – consider age, gender, lifestyle.

For example, if you are buying a <a href="/new-townhouses">townhouse</a> in a family centric location you need to consider that parents of small children will want a bathtub. They would like to be near a park and schools.

If you purchase in a location attracting double-income professionals, then chances are proximity to a primary school wouldn’t be as important as a café or a local restaurant scene.These tenants would be looking at commutes to the CBD using public transport and the ease of access.

If you are <a href="/guides">buying off the plan</a> for your own home, then you can spend time looking at floor plans. Google maps and street view can deliver so much insight into a neighbourhood. Best of all, this research can be conducted in your pyjamas.

<h2>Use this time to set up your future</h2>

This is the time to absolutely shine on your <a href="/developments">new property search</a>. Even if purchasing is not an option imminently you can discover what changes you need to make in order to <a href="/guides/how-much-can-i-borrow-for-a-new-home">borrow funds</a> to proceed.

If you need to get rid of a credit card or a car loan, then focus your attention to this.

Set up a plan, a real strategy, with goal dates and realistic monetary benchmarks to achieve this.

This time in history is a window to set yourself up. Plan now, funnel savings as you need to and remember that if you are looking to buy new, times like this can help you set yourself for success.
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Is buying new the right move in 2020? A perspective from a property strategist 

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<h2>OPINION:</h2>

At present we are being bombarded with various opinions on what <a href="/industry-news/how-are-real-estate-agents-assisting-during-the-covid-19-crisis">this global pandemic</a> means for the economy and subsequently the merits of investment.

With any investment, timing can be vital.

We find ourselves in interesting times, I say interesting rather than the current buzzword, ‘unprecedented’, because I tend to disagree with those in the ‘unprecedented’ camp.

Movement in the <a href="https://www.asx.com.au/">Australian Stock Exchange (ASX)</a> has been volatile since 21st February 2020, a date that is widely accepted by the investment community as when the COVID-19 effect first appeared.

On that day the ASX closed at 7,139 and fell to a recent low of 4,546 on the 23rd March 2020, since that time it has rallied somewhat but has been characterised by unpredictability.

<h2>What about other markets?</h2>

They all fell. Defensive stocks, government backed securities, hybrids, property. The lot.   
We can observe our most recent global crises for a clue here and this is also why I believe that our current situation is not ‘unprecedented’.

“In October 2008 all markets – gold included – fell sharply as the credit markets seized up. At the time gold was being sold as investors sought funding to shore up losses in other markets. The U.S. government began working on bailout plans in October 2008, which was the depth of the global financial crisis.”   
Debbie Carlson, Kitco Metals Inc.

Sound familiar?  We have already seen bond spreads wider than during the Global Financial Crisis (GFC), a marker of fear and uncertainty.

<h2>Property markets</h2>

I remember when the GFC impact reached our shores, discussing its impact with clients and undertaking many valuations of security property assets. Many were worried, most were at least concerned.

Let me provide an example.

In early 2009, Client ‘A’ was a High Net Worth individual earning in excess of $400,000 per annum.

He was married with two children in private school and was considering the purchase of a holiday home in a coastal area.

We had a valuation of his home (located in Melbourne’s inner East) on file no more than 12 months old that ascribed a value of $2.8 Million to the property.

As part of our due diligence on the possible transaction we revalued his home.  A valuer for the same lender came back with $2.2 Million.  This triggered a candid conversation and one which I draw on in these current ‘interesting’ times.

In short, this client backed himself.  He considered things carefully and was confident that the real estate he was buying was good value (due to market conditions) and his own home would rebound.  Most importantly he was confident he could meet the repayment obligations.

I am pleased to report that this client has since acquired the property next door to his holiday home and also extensively renovated his own place.  I might add we re-valued that property prior to the renovation at $3.5 M in 2017 using the same valuer.

This is merely one example, there are many variations on this theme and also examples of where people got spooked and fled the market, only to buy in again at inflated values later.

The thing that most of us should have learned in the GFC is that property markets, like all markets can go down. It is the purpose for which you are investing that needs to be considered as well as your own capacity.  In my example this client had a long term view and confidence in his ability to repay so has managed to reap the rewards.

Currently, low interest rates are making investment in quality property more affordable.  The general consensus is that <a href="https://www.theguardian.com/australia-news/2019/oct/01/reserve-bank-cuts-interest-rates-to-historic-low-of-075-to-boost-flagging-economy">interest rates will remain low for some time</a>.

It is also evident that there are some good buying opportunities emerging, as Jarrod McCabe from Wakelin Independent Property Advisory, stated in a recent webinar entitled, ‘Covid 19 and property investment on the 31st March 2020.’

‘I think it is probably inevitable that there is going to be some form of contraction (in residential real estate prices), to what level at this stage it is probably a little but too early to tell.’

He went on to say that a clear picture is likely to emerge after the Easter break.

<h2>How are Lenders Responding?</h2>

As part of my professional practice I hold daily conversations with decision makers across credit markets.  These men and women are charged with assessing applicant’s ability to borrow to support personal, business and investment proposals, including real estate.

Some of these conversations are now feeling eerily like the beginning of the GFC, funders are tightening their assessment criteria and applications that may have sailed through pre-Covid 19 are now being carefully scrutinised.  Several sent out revisions to policies last week.

I can hear some of you thinking, ‘but the <a href="/expert-insights/buying/changes-the-real-estate-industry-will-experience-as-a-result-of-the-coronavirus">Government is backing the economy</a>’.  I would urge you all not to fall into a false sense of security just because the Treasurer has opened up his (or someone else’s) chequebook.  It is always the case that debt obligations are just that, obligations.

Money apparently does not grow on trees.

<h2>What does this all mean?</h2>

What no one can predict with accuracy is how long these ‘interesting ‘times will stay. 
The way in which you choose to react will be the litmus test.

When the cloud passes over and better times return we will all no doubt reflect on how we did react.  Whilst you are ‘ in the moment ‘, remember;

<ul>
<li>Markets will rise and fall.</li>
	<li>Good property is still good property and the same for bad property.</li>
	<li>Test your credit capacity if needed as the rules are changing.</li>
	<li>Trust good advice and good instincts, you can rely on both.</li>
</ul>
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Investing in Real Estate during an uncertain environment 

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<h2>OPINION:</h2>

In unprecedented times the <a href="https://str.com/data-insights-blog/coronavirus-hotel-industry-data-news">accommodation industry </a>faces a massive downward trend in occupancy and income, and like most businesses that are considered as “non essential”.  
However, tourism is a <a href="https://www.rba.gov.au/publications/bulletin/2011/dec/pdf/bu-1211-3.pdf">major contributor</a> to the Australian economy and now more importantly owners/operators and landlords must look ahead and how they position themselves when restrictions are lifted and holiday makers, business and leisure can recommence.

This is the opportunity to consider your developments and its best use, the location, demographic, brand proposition and structure. Does your hotel need to be rebranded, refurbished or needs to sell as a result of Covid19? Or does your development upon feasibility conduct support a new build of hotel accommodation which subsequently requires Hotel Operator Selection? If yes, is your answer then it is the best time now to determine and carry out the necessary steps. 

Hotel Operators are seeking sites and have the time now to use their resource to determine if their brand marries up with your asset. Typically this would involve a full comprehensive campaign with an appropriate consultant that would seek all operators nationally and internationally to express their interest. This is not limited to a <a href="/developments">new development</a> it may mean that your existing asset requires to be rebranded to get the best use and distribution which also involves refurbishment. 

Operators will work cohesively with the owner to ensure the brand is delivered aesthetically and within the DNA. Whilst this creates and leads into refurbishment now is the best time given that there is no concern of operating and disruption to the operations of the business.

I have also broken down into three structures that hotel assets are generally set up and also requires consideration on what suits you best as an owner and your own risk profile as each one does vary.

1. Hotel Management Agreement

This is the preferred model by most <a href="/news/hotels-hotels-hotels-why-so-many-new-hotels">Hotel</a> Operators, they manage the property on your behalf with agreed commercial terms that are negotiated through and prior to any commencement. 

Typically management agreements can be fixed for the first option of 15 years or 10 years with further options of 3 x 5 or 2 x 15 years or 3 x 10 year options.

The operator’s remuneration is by way of fees, generally made up of a guaranteed base amount, calculated as a percentage of revenue from the hotel business, and a performance incentive element paid if gross operating profit exceeds an agreed threshold.

The owner is still responsible for the working capital and delivery of the product of the agreed brand to its appropriate standard. Generally there are Furniture Fittings &amp; Equipment Reserve to ensure that the product doesn’t get diluted over time and can maintain its standards.

2. Lease

both the owner and the tenant like to see an extended lease and similarly to a Hotel Management Agreement and sometimes longer i.e. 40 years. Ideally no party would like to see a lease less than 25 years, and in my opinion when the lease reduces and gets to a 20 year term the best practice is to renovate your lease terms again. The length of your lease underpins the value of your business and vice versa for the landlord. 

3. Management Rights

This structure is normal practice in states such as QLD however we are increasingly seeing this structure come into new developments as developers are selling the management rights business off the plan. That being said it is best to seek appropriate advice if this is the best strategy and each state has different laws. Management Rights have two components, the exclusivity to operate a hotel letting business via short term serviced apartment or hotel rooms, and to conduct the caretaking. The other is associated real estate assets required to operate the business such as reception, office and or restaurant. 

However you look at it is in my opinion that as a hotel owner, developer or landlord if any of the above mentioned was earmarked, strategically planned for the future or was put on hold, maybe reconsider your options as much as accommodation is closed for business the behind the scenes are still very much open for business and the opportunity still presents itself to explore your options as its night an overnight result it takes time and planning.
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Concerned about your hotel development during COVID-19? A lesson from hotel broker Michelle Matthews

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<h2>OPINION:</h2>

Now more than ever we will evaluate what is really important to us. Amongst the chaos and <a href="/expert-insights/buying/changes-the-real-estate-industry-will-experience-as-a-result-of-the-coronavirus">uncertainty</a>, how can we work towards a secure future?  What is the right secure future for us?

There is something very secure about a good old fashioned brick and mortar investment.  

During difficult times it is comforting to return to a <a href="/guides/how-to-invest-in-property-in-2020-the-ultimate-guide">home you own</a>. A safe place where you can cultivate your lifestyle and personality in the way that you choose.  Hang those precious memories, paint or wallpaper the walls – or not, it doesn’t matter, you can create your own style, your own sanctuary, your own safe haven.  

Owning your own home fulfils fundamental needs as outlined in Maslow’s “<a href="https://www.thoughtco.com/maslows-hierarchy-of-needs-4582571">Hierarchy of Needs</a>” and for many, their home is a status symbol or a financial vehicle in which to grow wealth and success.

Driven by these fundamental human needs it is vital that we have a practical and financially viable plan to obtain these goals.

<h2>How do I know I’m making the right decision to go from renter to owner?</h2>

Research, then apply practical financially viable solutions. If you can afford to pay rent, chances are you can afford to pay a mortgage. Run the numbers. Get good financial advice, speak to a financial planner, an accountant, a bank manager and make a plan for the future.  Know what your <a href="http://How%20do%20I%20know%20I%E2%80%99m%20making%20the%20right%20decision%20to%20go%20from%20renter%20to%20owner?%20%20Research,%20then%20apply%20practical%20financially%20viable%20solutions.%20If%20you%20can%20afford%20to%20pay%20rent,%20chances%20are%20you%20can%20afford%20to%20pay%20a%20mortgage.%20Run%20the%20numbers.%20Get%20good%20financial%20advice,%20speak%20to%20a%20financial%20planner,%20an%20accountant,%20a%20bank%20manager%20and%20make%20a%20plan%20for%20the%20future.%20%20Know%20what%20your%20commitment%20will%20cost%20not%20just%20mortgage%20payments%20but%20include%20stamp%20duty,%20rates,%20insurance%20and%20body%20corporate%20fees.%20%20The%20Reserve%20Bank%20Australia%20(RBA)%20predicts%20a%20shortfall%20in%20housing%20(Financial%20Review,%202019).%20%20With%20record%20low%20interest%20rates,%20record%20first%20home%20buyers,%20population%20growth,%20high%20immigration*%20(COVID-19%20restrictions%20will%20not%20last%20forever)%20and%20increased%20renters%20the%20data%20indicates%20that%20if%20you%20have%20a%20secure%20income%20that%20you%20should%20consider%20the%20following%20tips%20and%20purchase%20once%20this%20immediate%20unsettling%20time%20has%20passed.%20Yes,%20we%20are%20experiencing%20a%20pandemic%20with%20a%20recession%20looming%20but%20our%20economy%20is%20cyclic.">commitment will cost</a> not just mortgage payments but include stamp duty, rates, insurance and <a href="/guides/how-much-can-i-expect-to-pay-for-owners-corporation-fees">body corporate fees</a>.

The Reserve Bank Australia (RBA) <a href="https://www.afr.com/policy/economy/rba-tips-housing-supply-shortfall-20191016-p531az">predicts a shortfall in housing</a> (Financial Review, 2019).  With record low-interest rates, record <a href="/guides/how-to-buy-a-house-in-2021-a-guide-for-first-time-home-buyers">first home buyers</a>, population growth, high immigration* (COVID-19 restrictions will not last forever) and increased renters the data indicates that if you have a secure income that you should consider the following tips and purchase once this immediate unsettling time has passed. Yes, we are experiencing a pandemic with a recession looming but our economy is cyclic.

<h2>Buying a medium to long term investment</h2>

Over the past 30 years, Australian housing prices have <a href="https://www.propertyobserver.com.au/https://www.rba.gov.au/publications/bulletin/2015/sep/3">increased on average by 7.25 %</a> per year (RBA, 2015). Statistics historically tell us that provided you are buying a property as a medium or long term investment where you can choose your time to sell you will not lose.  If you are buying a short term prospect you need to do more to ensure a return on investment, such as the following;

* Australia’s population continues to grow and 231,937 people migrated from overseas in 2019 (Australian Bureau of Statistics, 2019).All these people need homes.

<h2>Buying like a pro</h2>

<ul>
<li>Negotiate.  </li>
	<li>Purchase below market value.</li>
	<li>Take advantage of stamp duty savings and other government grants.</li>
	<li>Build relationships with real estate agents and experts to find off-market opportunities and distressed sales. Consider if a buyers advocate would be beneficial in your situation.</li>
	<li>Ask for both a property and a council <a href="/guides/top-7-tips-on-how-to-value-a-house">valuation</a> and determine the price per square metre in that suburb for that type of property, for example, new or renovated apartment price per square metre or renovated or un-renovated house price or land value per square metre.</li>
	<li>If <a href="/guides/how-to-ensure-the-off-the-plan-investment-property-you%E2%80%99re-buying-is-of-high-quality">buying off the plan</a> or a new build ensure that you are purchasing a high-quality build from a reputable developer.</li>
</ul>
<h2>Do your research</h2>

<ul>
<li>Purchase through the lens of an investor, you must do this first and then you can allow yourself to fall in love with your purchase.  </li>
	<li>Purchase property where the price is likely to increase, for example, purchase in a <a href="/buildings/nbh-at-lachlan-s-line-25-27-epping-road-macquarie-park">rising suburb</a> or an upcoming lifestyle development.  </li>
	<li>Buy in an area that is about to be transformed due to new or special amenities such as a well-regarded school, a new tram line or other infrastructure upgrades.  </li>
	<li>If rental vacancies are low and neighbouring suburbs are already in demand these are good indicators.</li>
	<li>Research the specific market you are buying in, some suburbs have their own unique cycles or are seasonal.</li>
	<li>Research and obtain sold property prices through publications online.</li>
	<li>Research buyer needs. If you resell what will these buyers be looking for and therefore what will give you the best return on investment.</li>
</ul>
<h2>Buy something that you can capitally improve</h2>

<ul>
<li>If you can undertake a major renovation to maximise your return on investment, great, but you don’t have to undertake a full renovation. <a href="/expert-insights/buying/essential-household-items-for-your-new-apartment">Small cosmetic improvements</a> and styling can also yield great results.  There are plenty of television shows and publications on this topic alone #The Block.</li>
</ul>
<h2>Buy something that generates income to help pay the mortgage</h2>

<ul>
<li>Can you rent out a room to a friend, family member or colleague?  </li>
	<li>Does the property have a car space or garage you can rent out?  </li>
	<li>Can an inner city apartment be set up as an office to rent out during business hours while you are at work?</li>
	<li>Can you build a studio over the garage or a “granny flat” that can generate rental income?</li>
	<li>Speak to your financial adviser or accountant as there may also be tax benefits if you work from home and/or if your home is generating income.</li>
</ul>
<h2>Learn from the past</h2>

My Nanna provided me with many <a href="/guides">buying tips</a> before I even understood real estate.  “Buy close to the city or the water (in her case both), buy close to amenities, and buy the worst house on the best street”. That is what she did, then subdivided, renovated and bought and sold until she had enough equity to diversify and build a portfolio rather than always continue to sell. Nanna was an accountant and what we would now dub as environmentally conscious.  “Buy what you can afford, live within your means, replace only what you need and repair what you can”.  Boring? Maybe - but after living through World War II she had learnt to find happiness in life’s simple pleasures and did not seek constant and instant gratification. buyinIn many ways COVID-19 with its threat to our existence and wellbeing, with its restrictions and rations, we are now experiencing some of what our ancestors did during war times.

<h2>Commit to your future</h2>

If you can’t afford to buy where you want to live you can purchase an investment property and rent at the same time.  Eventually you will build enough equity to buy where you want to live. Just make a commitment to start somewhere.

Some renters don’t realise that once they put down a deposit that they could be paying the same amount in rent as what they could be paying in mortgage repayments and hence they can potentially be missing out on capital growth and other financial benefits. Ideally a 20% deposit to avoid mortgage insurance is optimal and understandably saving a 20% deposit for many people is a long daunting task but there are options and you should speak to your financial planner or finance broker. You may have to pay a little more on a mortgage as opposed to paying rent but a little short term sacrifice for long term gain will be worth it.  
That said, you must make sound financial decisions and have provisions if interest rates go up. You don’t want to be forced to sell in a downturned market.

Speak to your bank manager or financial advisor about different mortgage options such as variable and fixed rates. Despite COVID-19 we are blessed to be living in a country like Australia where there is <a href="https://www.health.gov.au/news/health-alerts/novel-coronavirus-2019-ncov-health-alert/government-response-to-the-covid-19-outbreak">government support</a> during times of economic difficulty and banks can provide bank holidays for those mortgage payers during financial hardship.

We may be experiencing a pandemic with a recession looming, but our economy is cyclical. Run the numbers, seek financial advice but remember, over time the property market only goes in one direction and that is up.

We live in a world where we can easily access data and services so do your research and become financially savvy. COVID–19 may have given us the pause we need to evaluate what is important and forge a plan for the future. A plan that gets you on the property ladder and on your way to financial and emotional security in the form of a home, a safe haven and a financial vehicle in which to grow wealth and success for a secure future.

*Seek professional financial advice from a qualified advisor to determine what is right for your individual needs.

<h2>References</h2>

<a href="https://www.abs.gov.au/ausstats/abs%40.nsf/mediareleasesbyCatalogue/CA1999BAEAA1A86ACA25765100098A47">https://www.abs.gov.au/ausstats/abs%40.nsf/mediareleasesbyCatalogue/CA1999BAEAA1A86ACA25765100098A47</a>

<a href="https://www.afr.com/policy/economy/rba-tips-housing-supply-shortfall-20191016-p531az">https://www.afr.com/policy/economy/rba-tips-housing-supply-shortfall-20191016-p531az</a>

<a href="https://www.propertyobserver.com.au/https://www.rba.gov.au/publications/bulletin/2015/sep/3">https://www.rba.gov.au/publications/bulletin/2015/sep/3.html</a>

<a href="https://www.realestate.com.au/sold">https://www.realestate.com.au/sold</a>

<a href="https://www.thoughtco.com/maslows-hierarchy-of-needs-4582571">https://www.thoughtco.com/maslows-hierarchy-of-needs-4582571</a>

<a href="/guides/how-much-can-i-expect-to-pay-for-owners-corporation-fees">https://www.urban.com.au/guides/how-much-can-i-expect-to-pay-for-owners-corporation-fees</a>

<a href="/buildings/nbh-at-lachlan-s-line-25-27-epping-road-macquarie-park">https://www.urban.com.au/guides/9-ways-to-tell-if-you%E2%80%99re-buying-a-property-in-a-rising-suburb</a>

<a href="/guides/how-to-ensure-the-off-the-plan-investment-property-you%E2%80%99re-buying-is-of-high-quality">https://www.urban.com.au/guides/how-to-ensure-the-off-the-plan-investment-property-you%E2%80%99re-buying-is-of-high-quality</a>

Maslow, Abraham Harold. “A Theory of Human Motivation.” Psychological Review 50.4 (1943): 370-396.
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Your home is your safe haven: Could COVID-19 encourage more renters to purchase property?

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<h2>OPINION:</h2>

Home Loan market summary

In the last few years, we’ve seen a time of upheaval in the <a href="/guides/how-to-choose-the-right-home-loan">home loan market</a>.  From government clampdowns via APRA on Interest Only and Investor Lending in 2014, which resulted in interest rate differentials between investment loans compared to owner-occupied loans, and saw <a href="/guides/top-7-tips-on-how-to-value-a-house">property prices</a> drop around the country. These restrictions were then lifted during 2018 with the aim of stabilising these property price falls. Around the same time, from December 2017 and running for 14 months we had the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry which handed down its final report in February 2019. After this we had the inevitable fallout as non-acceptable culture and behaviour was exposed, and now just when things were looking to return to a more normal period, we have the unforeseen and <a href="/expert-insights/buying/changes-the-real-estate-industry-will-experience-as-a-result-of-the-coronavirus">devastating Coronavirus</a> which is impacting us all worldwide. So, what to make of all this?  Changes in home loan requirements

An outcome of all the above has been a <a href="https://www.canstar.com.au/home-loans/expenses-cost-a-home-loan/">renewed focus on living expenses</a> as part of a Banks approach to home loan assessments, with them generally looking at an applicant’s Bank statement transactions over the three months prior to the application, in order to make an assessment of where spending has gone. Will spending factors during self-isolation affect our ability to secure a home loan?

The <a href="https://www.mckinsey.com/business-functions/marketing-and-sales/our-insights/a-global-view-of-how-consumer-behavior-is-changing-amid-covid-19">spending people</a> do now, in this period of Isolation, will have an effect on their standing as a home loan customer when this period of COVID-19 imposed restriction lifts. Being confined to home, it may be tempting to hit the internet, shopping from home using ZipPay, Afterpay, etc and ordering in food, all these debts that appear on your Bank Statements will be factored in when assessing a home loan application. Additionally, Banks are now starting to look for increased documentation, particularly for applicants that are employed in industries that have been significantly affected by restrictions, such as Tourism and travel-related services, Hospitality, Retail sales sector, and others. In the more extreme cases, income earned from applicants who are still employed in these industries is not even being considered by some Lenders.

As this period of <a href="https://www.health.gov.au/news/health-alerts/novel-coronavirus-2019-ncov-health-alert/how-to-protect-yourself-and-others-from-coronavirus-covid-19/limits-on-public-gatherings-for-coronavirus-covid-19">social and trading restrictions</a> continue, then it is not unreasonable to expect more and more lenders to get tougher in their assessment criteria, all of which means it is going to get harder, particularly for some, to <a href="https://www.finder.com.au/home-loan-eligibility-calculator">qualify for a home loan</a>. While some people, not unexpectedly, might put their <a href="/guides/20-things-you-should-look-out-for-before-you-buy-property">property purchase</a> plans on hold for a period of time, there are still many people who already have home loans that are wanting to take advantage now of the historically low-interest rates, and even though they might still be employed, there is a chance they are going to find it harder to get a new home loan approved. No matter if you want to <a href="/guides/how-to-secure-a-mortgage-free-lifestyle-sooner">refinance</a>, or purchase a property, it really is a time to get back to basics, as much as possible during this trying period. Keep an eye on discretionary spending, take advantage of as much of the Government help that is available to you, and talk to your bank early if you do need to discuss what they have on offer in terms of home loan payment relief. 
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How our spending habits during self-isolation will influence our ability to secure a home loan

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The sidewalks of my suburb are narrow and hard to negotiate on any normal day, and today is not a normal day. There’s a couple with a pram walking towards me, presenting a potential hindrance to my 1.5m bubble. I take to the street. It’s not a main road but it’s a well-known thoroughfare and usually it is filled with cars carefully manoeuvring their way between oncoming traffic and parked cars. Usually. 

From this point in the middle of the road I can see right down the street to the intersecting perpendicular main roads at either end. I see people passing through the street at odd points and some such as me, are walking down the middle. There are no cars coming, none retreating. 

Did it take a <a href="/expert-insights/buying/how-will-the-coronavirus-impact-australia-s-property-market">global pandemic</a> to give the streets back to people? 

In a time when everything we do is now magnified, examined and in many cases banned. The simple acts of triumphant togetherness feel warm and fuzzy. Our streets are now mapped by teddy bears, waving from their postings in the windows of houses. They mark a new path through the streets for the littlest in our midst. Rainbow paintings accompany them, stuck to windows and fences and <a href="https://www.thecourier.com.au/story/6707866/rainbow-girl-adds-sunshine-to-lives/">colourful chalk motifs carve a joyful route</a> offering the passerby a game of hopscotch on their journey. 

The signage too is changing. There are messages hanging from balconies, wisdom wrapped around telephone poles and reminders to keep our distance are plastered to the walls. 

They shout words of encouragement from the surfaces of the public realm. 

“We got this"  
“Power to the people”  
“This too shall pass” 

A sense of camaraderie washes through the streets. The uniting togetherness of a common lived experience, one that we are desperate to permeate outside our private domains. The world is closed and yet, people are everywhere. In message or in person, the public realms are filled with encouragement.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the_changing_face_of_our_streets2_0.jpg" rel="gallery-all" title="Pablo Neruda Poem on a vacant shop front. Image Credit: [Julia Frecker]"><img alt="" class="image-article-full-width-580px" height="491" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/the_changing_face_of_our_streets2_0.jpg?itok=lm-RMgKk" title="Pablo Neruda Poem on a vacant shop front. Image Credit: [Julia Frecker]" width="580"></a>

<figcaption>Pablo Neruda Poem on a vacant shop front. Image Credit: [Julia Frecker]</figcaption></figure>An issue for Australians can be that, if you give us an inch, we’ll take a mile, and there have been concerns about the large rush of people striving to do outdoor activities in the light of the recent advice. However, as people try to handle the balance of <a href="/news/how-to-effectively-manage-a-remote-workplace-during-social-distancing">working from home</a>, staying sane and for many managing children as well, solace can be found in our government sanctioned ‘outside time.’

The uptake in outdoor exercise has been inconceivable. Local Council’s have been trying to prevent some scarcely populated parks from becoming rubbish dumping wastelands for years and now they are filled with people. People who are steadfastly running their personal bootcamp for one, utilising the street infrastructure and turning them into exercise implements. Cricket pitches have been set up in laneways, and basketball hoops have been affixed to garage doors. When everything is closing in around us, we are desperately clawing out saying “No, I will have a shred of autonomy!”  

Cities are a gift. In times like this they can be scary, teeming with people and risk. However, people are a gift and the uptake in neighbourly enterprise has been striking. They include letterbox drops to the elderly or next-door neighbours leaning on their mutual fence to have a yarn. It is noticeable when walking down the streets, more people are sitting on front balconies, terraces and lawns. They are looking for a person to lock eyes with, enjoying a break in the sun, on a Zoom call from their front gate or sharing a drink over the back fence.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the_changing_face_of_our_streets3.jpg" rel="gallery-all" title="Shout Out Loud Print contributing to the community messaging. Image Credit: [Julia Frecker]"><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/the_changing_face_of_our_streets3.jpg?itok=jpGP25Kz" title="Shout Out Loud Print contributing to the community messaging. Image Credit: [Julia Frecker]" width="580"></a>

<figcaption>Shout Out Loud Print contributing to the community messaging. Image Credit: [Julia Frecker]</figcaption></figure><a href="/new-apartments">Apartments</a>, who have been fighting against the new age problem of not knowing your neighbours, have fostered communities over balconies and courtyards. We have seen workout routines in Spain, singing and dancing from Bologna to Sydney all conducted on apartment balconies. Those balconies whilst initially designed for inward use, now represent a full external embrace of our neighbours. 

Our streets are becoming outward looking, despite us all being very much within. We are changing the public realm and our interfaces with it to suit the changing needs of the community.

Some of the changes, as driven by the people, are veering on tactical urbanism interventions.

<a href="https://www.citylab.com/design/2012/03/guide-tactical-urbanism/1387/">Tactical urbanism</a> involves small scale often interim improvements to the public realm through community initiative and can take many forms. 

While formal planning caters for the needs of the community, it is hard to predict the specific needs, particularly when the parameters of the area changes. This is pertinent now in the way that the cities are changing in reaction to the changing social climate.

Tactical urbanism can be in the form of physical changes to a place including small ameliorations to space that help with <a href="http://tacticalurbanismguide.com/">transformation and engagement</a>. In the past many tactical urbanism techniques involve not socially distanced choices, such as <a href="https://globaldesigningcities.org/2018/04/18/from-pop-up-to-permanent-five-lessons-in-tactical-urbanism/">pop-up bars and markets</a>. However, tactical urbanism can also be reflected in the way we use space in the public realm, and one of the hallmarks is the reclamation of streets for community use. Cornerstones of tactical urbanism practices are now showing up in formal planning with the improvement of the public realm and walkable streets. 

In our car dominated world, the roads are run by the automobiles and pedestrians are relegated to the thin sidewalks. However, the creeping of pedestrians to the street in this current pandemic is indicative of a new way to use space and <a href="https://thespinoff.co.nz/society/16-04-2020/enjoying-the-people-friendly-streets-of-lockdown-lets-make-them-permanent/">reclaim our streets back from the cars</a>.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the_changing_face_of_our_streets4.jpg" rel="gallery-all" title="Interim bike lane Berlin. Image Credit: [Paul Zinken]"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/the_changing_face_of_our_streets4.jpg?itok=14sCC1R6" title="Interim bike lane Berlin. Image Credit: [Paul Zinken]" width="580"></a>

<figcaption>Interim bike lane Berlin. Image Credit: [Paul Zinken]</figcaption></figure>Around the world bikes and pedestrians are being prioritised with temporary street reclamation to provide more room for social distancing. From <a href="https://www.independent.co.uk/news/world/europe/germany-coronavirus-road-space-cycle-lanes-berlin-a9462771">Berlin</a> to <a href="https://www.smartcitiesworld.net/news/news/bogota-expands-bike-lanes-overnight-to-curb-coronavirus-spread-5127">Bogota</a> and beyond, the simple use of traffic cones or a bucket of paint has transformed streets to emergency bike lanes and given more agency to bikes to help essential workers travel to work without having to rely on the transit system. 

In New Zealand, widened sidewalks and temporary bike lanes initiated by residents have now been taken up by the <a href="https://www.forbes.com/sites/carltonreid/2020/04/13/new-zealand-first-country-to-fund-pop-up-bike-lanes-widened-sidewalks-during-lockdown/#e0a178e546e1">government and funded</a>. Epitomizing a true success story with a tactical endeavour that has been formally established. In New York, the city is temporarily <a href="https://www.nytimes.com/2020/04/11/us/coronavirus-street-closures">shutting down some streets to cars</a> to give the 1000’s stuck in their apartment buildings more room on the sidewalks to move around.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the_changing_face_of_our_streets5.jpg" rel="gallery-all" title="Park Avenue, New York temporarily shut down to provide residents with more space. Image Credit: [Carlo Allegri/Reuters]"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/the_changing_face_of_our_streets5.jpg?itok=8fr8AIVT" title="Park Avenue, New York temporarily shut down to provide residents with more space. Image Credit: [Carlo Allegri/Reuters]" width="580"></a>

<figcaption>Park Avenue, New York temporarily shut down to provide residents with more space. Image Credit: [Carlo Allegri/Reuters]</figcaption></figure>Positive changes, although not permanent, mark how the streets can be changed to reflect the changing state of the city, and how the community can be the first to generate such a change.  
We cannot settle on the good, without acknowledging the immense distress and sadness involved with this crisis, but positive changes to the city are good in spite of this. There will no doubt be lasting impacts to our psyche, our <a href="/news/covid-19-how-the-world-previously-recovered-from-sars-and-whether-or-not-we-can-do-the-same-this-time-round">economy</a> and our interactions with other people from this time. However, cities will be given a unique opportunity for regeneration and with the interim practices in mind, <a href="/expert-insights/buying/post-covid-19-we-need-to-bend-the-rules-and-create-new-deals-for-small-businesses">create better cities in the efforts of rebuilding</a>.

Change has been forced upon us in a rapid and scary way but it indicates that we as a world are pliable and capable of change. While scary and devastating things are happening, we choose to change the streets that we love. We choose to reflect ourselves in them when everyone out there needs another reminder that they are not in it alone.
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