Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

Joel Robinson

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
</section>
</section>

[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Local Little Bay residents, along with buyers from premium postcodes across Sydney’s affluent Eastern Suburbs, have dominated purchases in developer-builder Urban Property Group’s first Eastern Suburbs apartment development, <a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a>.

The $250 million coastal project, one of the first new developments in the area in several years, has proven particularly popular with downsizers, especially those from Coogee and Bondi. One Double Bay downsizer paid $4.7 million for a four-bedroom penthouse, setting a new local apartment price record in the process.

Buyers have been attracted to the combination of coastal tranquillity, premium design and amenity-rich neighbourhood living. The walkable village setting, along with proximity to three of Sydney’s leading golf courses, New South Wales Golf Club, St Michael’s Golf Club and The Coast Golf Club, has also been a key drawcard.

[smartcode_project:default project_id=112343 project_image_fid=352689]

Built across two low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis</a> and set along a lush, landscaped green spine, designed by leading landscape architect <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, ESTE Little Bay offers a collection of one, two, three and four-bedroom residences with interiors by Richards Stanisich.

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> Sales Director, Tom McIvor said the response to ESTE has been "nothing short of extraordinary."

“Buyers have been quick to recognise ESTE as a rare opportunity to invest in a coastal sanctuary that offers both seclusion and connectivity to the heart of Sydney,” McIvor said.

[smartcode_project:default project_id=112343 project_image_fid=352687]

<a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Senior Director, <a href="https://www.apartments.com.au/project-marketer/srm-residential">Clayton Ross</a> said the local market has responded incredibly well, driven by ESTE’s exceptional location and the rarity it offers.

“We’ve seen strong interest from a variety of buyer groups, all of whom are drawn to the exclusivity and quality of the build and construction by the 4.5-star iCIRT-rated builder / developer, Urban Property Group. There’s truly nothing else like it along Sydney’s coastline.”

[smartcode_project:default project_id=112343 project_image_fid=352690]

The project also includes robust buyer protections, including Resilience Insurance’s Latent Defects Insurance, providing 10 years of structural cover, and an independent iCIRT-rating of the developer.

“The iCIRT-rating adds another layer of confidence,” Ross added. “Buyers see it as a safeguard for their investment and their lifestyle.” A highlight of ESTE’s offering is its exclusive wellness amenities, including a heated rooftop infinity pool and outdoor heated spa, a state-of-the-art Technogym fitness centre, and a sauna.

<a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a> is topped out and is on track to complete towards the end of 2026, with residents moving in before Christmas.

[smartcode_project_cta:default project_id=112343]

Eastern Suburbs buyers snap up ESTE Little Bay apartments

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?

National Australia Bank (NAB) has brought forward the timing of the first RBA cash rate cut by three months.

NAB is now expecting a cut in February, in line with ANZ and Westpac, having initially thought a cut wouldn't come until May.

Commonwealth Bank, the nation's largest lender, still thinks the first cut will come in December.

NAB changed its call following the August monthly inflation figures that were released at the end of September, showing it had dropped to 2.7 per cent.

"The risk has been skewed to a first cut earlier in 2025, and today’s change acknowledges the balance of risks has likely shifted sufficiently for the RBA to feel comfortable cutting a little sooner than we earlier expected," NAB noted in its latest update.

They added that the cadence of the cuts may be faster than its central profile.

"Domestic inflation pressures are cooling, but only gradually, and we continue to expect the conditions for a cut will not be in place this year.

NAB believes the easing cycle will end at 3.1 per cent by early 2026, which is five cuts from the current 4.35 per cent cash rate.&nbsp;

CBA also thinks 3.1 per cent will mark the end of the cutting cycle, while Westpac is forecasting 3.35 per cent, and ANZ is the most pessimistic at 3.6 per cent, which would be just three interest rate cuts.

<h2>What would a rate cut in February look like for borrowers?</h2>

According to&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://link.mediaoutreach.meltwater.com/ls/click?upn%3Du001.IVvjJ-2BPT0A8C3VxtqKc6e3bj5hBuw27WFEYqovsYs7kPsgFulYrdOzeP8gI7CybJOya3_RgrM7qq-2BfK-2FtAHeRBLv5Qrb-2Bii5fzjLeKcP4w-2FkNgJPXygpiRhVUan3WV3QEggcf617UC8Z60RjQJZAqx7PiO7FtVJQSn0D46Zc3iTVP0kAhTTzG51cPpa5hrqz1OkSA-2BiXAxUajQ686MTtiseWBIdMdknd83aB7cOVgXlVTeHCGf3-2BcMHwfvI8TYlkUovqEhn4dj0KXf2eJGpb9-2BBv20hPXdLlPP9yD7DvFFDBM5yrTqxvcCiMfAsW1onD-2FcriL628eYdhNQE7bwzYrxcOYnmaYfRhGl-2FEHQ6eK2uQcLxs6Cbu6Dx0bYvpi5A6enmxMWU5TkcRYrP6Z8GbXZYtc5qSoKu6eWFBQR9K7fsjXwHMmby3D3X6Yx-2BxcDcdRruTG&amp;source=gmail&amp;ust=1727774368149000&amp;usg=AOvVaw2vK2ujS77CHs9VRvSSXzLC" href="https://link.mediaoutreach.meltwater.com/ls/click?upn=u001.IVvjJ-2BPT0A8C3VxtqKc6e3bj5hBuw27WFEYqovsYs7kPsgFulYrdOzeP8gI7CybJOya3_RgrM7qq-2BfK-2FtAHeRBLv5Qrb-2Bii5fzjLeKcP4w-2FkNgJPXygpiRhVUan3WV3QEggcf617UC8Z60RjQJZAqx7PiO7FtVJQSn0D46Zc3iTVP0kAhTTzG51cPpa5hrqz1OkSA-2BiXAxUajQ686MTtiseWBIdMdknd83aB7cOVgXlVTeHCGf3-2BcMHwfvI8TYlkUovqEhn4dj0KXf2eJGpb9-2BBv20hPXdLlPP9yD7DvFFDBM5yrTqxvcCiMfAsW1onD-2FcriL628eYdhNQE7bwzYrxcOYnmaYfRhGl-2FEHQ6eK2uQcLxs6Cbu6Dx0bYvpi5A6enmxMWU5TkcRYrP6Z8GbXZYtc5qSoKu6eWFBQR9K7fsjXwHMmby3D3X6Yx-2BxcDcdRruTG" target="_blank">Canstar</a>, if there is a cut in February, a borrower with a $600,000 loan today and 25 years remaining would see their monthly repayments drop by $92.&nbsp;

<table border="1" cellpadding="0" cellspacing="0">
	<tbody>
		<tr>
			<td colspan="3">
			Impact of 0.25% pt cut in February 2025
			</td>
		</tr>
		<tr>
			<td>
			Current loan size
			</td>
			<td>
			Drop in monthly repayment
			</td>
			<td>
			New monthly repayment
			</td>
		</tr>
		<tr>
			<td>
			$600,000
			</td>
			<td>
			-$92
			</td>
			<td>
			$3,907
			</td>
		</tr>
		<tr>
			<td>
			$750,000
			</td>
			<td>
			-$114
			</td>
			<td>
			$4,884
			</td>
		</tr>
		<tr>
			<td>
			$1M
			</td>
			<td>
			-$153
			</td>
			<td>
			$6,512
			</td>
		</tr>
		<tr>
			<td colspan="3">
			Source:&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://link.mediaoutreach.meltwater.com/ls/click?upn%3Du001.xWMOP9hChsvn-2BC9O-2FebBihXIZ4cEzbiuENdxm-2Bx3-2FYEEgYMhZlKWNj5Zzy1YZ56RuASD_RgrM7qq-2BfK-2FtAHeRBLv5Qrb-2Bii5fzjLeKcP4w-2FkNgJPXygpiRhVUan3WV3QEggcf617UC8Z60RjQJZAqx7PiO7FtVJQSn0D46Zc3iTVP0kAhTTzG51cPpa5hrqz1OkSA-2BiXAxUajQ686MTtiseWBIdMdknd83aB7cOVgXlVTeHCGf3-2BcMHwfvI8TYlkUovqEhn4dj0KXf2eJGpb9-2BBv20v2akwr6-2BqLyRrlEgkJ4J-2BCCyY0x189xEHZA4Ylf8c7ChBqNIkhmftZzoFuZKFn43pw3oJVg2o1gumrpdA-2B7MB-2FBtmL2rFCI-2FXORATQHySCLVOMg7Vywv-2BqnnQUAtDz6XkvpwxdHFXh70VwKazzhJsICilEYOvP4ju0sIfi5g6TL&amp;source=gmail&amp;ust=1727774368149000&amp;usg=AOvVaw2qVnp6oqATgqDUi2Frm22q" href="https://link.mediaoutreach.meltwater.com/ls/click?upn=u001.xWMOP9hChsvn-2BC9O-2FebBihXIZ4cEzbiuENdxm-2Bx3-2FYEEgYMhZlKWNj5Zzy1YZ56RuASD_RgrM7qq-2BfK-2FtAHeRBLv5Qrb-2Bii5fzjLeKcP4w-2FkNgJPXygpiRhVUan3WV3QEggcf617UC8Z60RjQJZAqx7PiO7FtVJQSn0D46Zc3iTVP0kAhTTzG51cPpa5hrqz1OkSA-2BiXAxUajQ686MTtiseWBIdMdknd83aB7cOVgXlVTeHCGf3-2BcMHwfvI8TYlkUovqEhn4dj0KXf2eJGpb9-2BBv20v2akwr6-2BqLyRrlEgkJ4J-2BCCyY0x189xEHZA4Ylf8c7ChBqNIkhmftZzoFuZKFn43pw3oJVg2o1gumrpdA-2B7MB-2FBtmL2rFCI-2FXORATQHySCLVOMg7Vywv-2BqnnQUAtDz6XkvpwxdHFXh70VwKazzhJsICilEYOvP4ju0sIfi5g6TL" target="_blank">www.canstar.com.au</a>. Starting rate is the RBA existing average owner-occupier variable rate of 6.36%. Assumes banks pass the cash rate cut on in full the month after the meeting.
			</td>
		</tr>
	</tbody>
</table>

Canstar Data Insights Director, Sally Tindall, says if core inflation continues to track in the right direction, or unemployment starts to accelerate significantly, we could well see a cash rate cut as early as February of next year.

“All four big banks now believe the RBA will be ready to cut the cash rate in just over four months’ time, if not before, in the case of CBA.

“However, the outlook for both inflation and unemployment is still highly uncertain. A couple of wobbly sets of inflation data could see the RBA holding for longer, particularly if unemployment remains relatively steady."

&nbsp;

Commonwealth Bank, the nation's largest lender, still thinks the first cut will come in December.

NAB bring forward first RBA cut to February 2025

<html><body>
Aussie Home Loans has announced deep cuts to its Aussie-branded fixed-rate home loans as well as a 5.15% variable rate offering for new customers in the wake of the RBA cutting the cash rate to 2.75%.
The John Symond-fronted brand has dropped its two-year fixed-rate by 0.40%  to 4.89% p.a and its three-year fixed-rate by 0.30% to 4.99% p.a,  effective today.
The new variable offering will take effect from May 15 - it required a minimum 20% deposit and a loan size bigger than $500,000.
“Competition between lenders for a slice of the home loan pie is getting hotter and rates are certainly far more competitive than they have been for some time. Aussie is throwing down the gauntlet to the major lenders, and I’m confident consumers will find there is nothing lower than our two and three year fixed rates on the market,” says Aussie founder and chairman, John Symond.
“It is a good time to consider fixing your loan if you are someone who wants certainty on repayment amounts month to month, but equally there are some great deals to be found on variable rates too, so there’s definitely a great choice and variety out there,” he says.
Aussie passed on the full RBA cut announced last week. 
FIXED RATE COMPARISON TABLE
<table border="1" cellspacing="0" cellpadding="0" style="width: 400px;"><tbody>
<tr>
<td style="width: 70px;" nowrap valign="top">
 
</td>
<td style="width: 70px;" nowrap valign="top">
1 Year
</td>
<td style="width: 70px;" nowrap valign="top">
2 years 
</td>
<td style="width: 70px;" nowrap valign="top">
3 years
</td>
<td style="width: 70px;" nowrap valign="top">
4 years
</td>
<td style="width: 70px;" nowrap valign="top">
5 years
</td>
</tr>
<tr>
<td style="width: 70px;" valign="top">
CBA Package
</td>
<td style="width: 70px;" valign="top">
5.19%
</td>
<td style="width: 70px;" valign="top">
4.99%
</td>
<td style="width: 70px;" valign="top">
5.29%
</td>
<td style="width: 70px;" valign="top">
5.64%
</td>
<td style="width: 70px;" valign="top">
5.69%
</td>
</tr>
<tr>
<td style="width: 70px;" valign="top">
NAB
</td>
<td style="width: 70px;" valign="top">
5.09%
</td>
<td style="width: 70px;" valign="top">
4.99%
</td>
<td style="width: 70px;" valign="top">
5.29%
</td>
<td style="width: 70px;" valign="top">
5.64%
</td>
<td style="width: 70px;" valign="top">
5.55%
</td>
</tr>
<tr>
<td style="width: 70px;" valign="top">
WBC
</td>
<td style="width: 70px;" valign="top">
5.24%
</td>
<td style="width: 70px;" valign="top">
5.29%
</td>
<td style="width: 70px;" valign="top">
5.29%
</td>
<td style="width: 70px;" valign="top">
5.69%
</td>
<td style="width: 70px;" valign="top">
5.69%
</td>
</tr>
<tr>
<td style="width: 70px;" valign="top">
ANZ
</td>
<td style="width: 70px;" valign="top">
5.19%
</td>
<td style="width: 70px;" valign="top">
5.29%
</td>
<td style="width: 70px;" valign="top">
5.29%
</td>
<td style="width: 70px;" valign="top">
5.64%
</td>
<td style="width: 70px;" valign="top">
5.84%
</td>
</tr>
<tr>
<td style="width: 70px;" valign="top">
SGB
</td>
<td style="width: 70px;" valign="top">
5.15%
</td>
<td style="width: 70px;" valign="top">
4.99%
</td>
<td style="width: 70px;" valign="top">
5.29%
</td>
<td style="width: 70px;" valign="top">
5.64%
</td>
<td style="width: 70px;" valign="top">
5.69%
</td>
</tr>
<tr>
<td style="width: 70px;" valign="top">
BOM
</td>
<td style="width: 70px;" valign="top">
5.15%
</td>
<td style="width: 70px;" valign="top">
4.99%
</td>
<td style="width: 70px;" valign="top">
5.29%
</td>
<td style="width: 70px;" valign="top">
5.64%
</td>
<td style="width: 70px;" valign="top">
5.69%
</td>
</tr>
<tr>
<td style="width: 70px;" valign="top">
BOQ
</td>
<td style="width: 70px;" valign="top">
4.99%
</td>
<td style="width: 70px;" valign="top">
5.19%
</td>
<td style="width: 70px;" valign="top">
5.29%
</td>
<td style="width: 70px;" valign="top">
5.59%
</td>
<td style="width: 70px;" valign="top">
5.69%
</td>
</tr>
<tr>
<td style="width: 70px;" valign="top">
Aussie
</td>
<td style="width: 70px;" valign="top">
4.95%
</td>
<td style="width: 70px;" valign="top">
4.89%
</td>
<td style="width: 70px;" valign="top">
4.99%
</td>
<td style="width: 70px;" valign="top">
5.49%
</td>
<td style="width: 70px;" valign="top">
5.49%
</td>
</tr>
<tr>
<td style="width: 70px;" valign="top">
Suncorp
</td>
<td style="width: 70px;" valign="top">
5.30%
</td>
<td style="width: 70px;" valign="top">
5.34%
</td>
<td style="width: 70px;" valign="top">
5.40%
</td>
<td style="width: 70px;" valign="top">
 
</td>
<td style="width: 70px;" valign="top">
5.85%
</td>
</tr>
<tr>
<td style="width: 70px;" valign="top">
BankWest
</td>
<td style="width: 70px;" valign="top">
5.39%
</td>
<td style="width: 70px;" valign="top">
4.99%
</td>
<td style="width: 70px;" valign="top">
5.19%
</td>
<td style="width: 70px;" valign="top">
5.64%
</td>
<td style="width: 70px;" valign="top">
5.49%
</td>
</tr>
<tr>
<td style="width: 70px;" valign="top">
ING
</td>
<td style="width: 70px;" valign="top">
5.19%
</td>
<td style="width: 70px;" valign="top">
4.99%
</td>
<td style="width: 70px;" valign="top">
5.09%
</td>
<td style="width: 70px;" valign="top">
5.39%
</td>
<td style="width: 70px;" valign="top">
5.39%
</td>
</tr>
<tr>
<td style="width: 70px;" valign="top">
RAMS
</td>
<td style="width: 70px;" valign="top">
4.99%
</td>
<td style="width: 70px;" valign="top">
5.25%
</td>
<td style="width: 70px;" valign="top">
5.29%
</td>
<td style="width: 70px;" valign="top">
5.64%
</td>
<td style="width: 70px;" valign="top">
5.69%
</td>
</tr>
<tr>
<td style="width: 70px;" valign="top">
Newcastle Permanent
</td>
<td style="width: 70px;" valign="top">
4.98%
</td>
<td style="width: 70px;" valign="top">
4.98%
</td>
<td style="width: 70px;" valign="top">
5.28%
</td>
<td style="width: 70px;" valign="top">
5.64%
</td>
<td style="width: 70px;" valign="top">
5.69%
</td>
</tr>
<tr>
<td style="width: 70px;" valign="top">
Bendigo
</td>
<td style="width: 70px;" valign="top">
5.19%
</td>
<td style="width: 70px;" valign="top">
5.29%
</td>
<td style="width: 70px;" valign="top">
5.44%
</td>
<td style="width: 70px;" valign="top">
5.74%
</td>
<td style="width: 70px;" valign="top">
5.79%
</td>
</tr>
</tbody></table>
AUSSIE SELECT VARIABLE RATES
<table style="width: 414px;" border="0" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td width="137" rowspan="2" valign="top">
Effective May 15, 2013
</td>
<td width="277" colspan="3">
Aussie Select Variable
</td>
</tr>
<tr>
<td width="98">
&lt;$350k
</td>
<td width="85">
$350k-&lt;500k
</td>
<td width="95" valign="top">
$500k+
</td>
</tr>
<tr>
<td width="137" valign="top">
LVR &lt;80%
</td>
<td width="98">
5.20%
 
 
</td>
<td width="85">
5.20%
 
 
</td>
<td width="95" valign="top">
5.15% 
 
</td>
</tr>
<tr>
<td width="137" valign="top">
LVR &gt;=80.00%
</td>
<td width="98">
5.29%
 
 
</td>
<td width="85">
5.29%
 
 
</td>
<td width="95" valign="top">
5.20%
 
 
</td>
</tr>
</tbody></table>
</body></html>

lschlesinger-FZcF9M3vE6

Aussie reduces two and three-year fixed rates below 5% with new variable offering in the mix

<html><body>
Ian Corfield has been appointed as the new Aussie Home Loans chief executive, following the <a target="_blank" href="https://www.propertyobserver.com.au/news/aussie-home-loans-ceo-stephen-porges-resigns-after-commbank-acquisition/2013041560393">resignation of Stephen Porges last month.</a>
He will commence his role on June 3 joining from Bankwest, where he is currently chief executive of its business banking division.
Bankwest is owned by the Commonwealth Bank, which also owns Aussie Home Loans.
Corfield is well experienced in the mortgage broker space having previously held the role of chief executive  for Bankwest's retail banking division between 2007 and 2010.
This included being in charge of its third party mortgage broker business.
Prior to that Corfield held senior roles at the Halifax Bank in the <country-region>UK</country-region> and <country-region>Ireland</country-region>.
“I am really pleased the board has accepted my recommendation to hire Ian, as he was the stand-out candidate in my search for a new CEO," said Aussie founder and executive chairman John Symond.
“He has an impeccable pedigree with relevant experience at the helm of dynamic brands and also has extensive experience managing brands through a corporate transition such as Aussie is experiencing now,” he added.
</body></html>

Aussie Home Loans appoints Bankwest executive Ian Corfield as new CEO

<html><body>
Home loan comparison site Canstar has argued there are benefits of homeowners ignoring the latest RBA interest rate cut and sticking to their original mortgage repayment plan. 
Although the latest interest rate cute offers cash-in-hand savings, those who have stuck to their original repayment over the past 18 months are ahead on their mortgage payments by about a month.
In November 2011, an interest rate of 7.78% meant the minimum monthly repayment on a $300,000 loan was $2,272.
In March 2013, the interest rate was cut to 6.42% and meant the minimum repayment for a $300,000 loan went down to $2,008. 
With the new interest rate of 6.13%, the minimum repayment on a $300,000 loan goes down to $1,961 – a total saving of $47 a month.
However, those who have stuck to the interest rate of 7.78% - a monthly repayment of $2,272 – have a cash buffer of approximately $2,607.
Canstar says this is more than a month of loan repayment up your sleeve and may be useful down the track.
In terms of interest paid, a $300,000 loan with the 2011 rate of 7.78% will see you pay out your loan in 19 years and two months at a total cost of $521,881.
Those who reduce their rates each time the rate is cut will pay off their loan in 25 years at around $603,000.
“That’s a lot of extra interest for the sake of a few more dollars in your pocket now,” says Canstar’s senior research analyst Mitchell Watson.
 
</body></html>

ntrotman-Et3xWpamVh

Ignore the RBA rate cut and you will be better off in the long run: Canstar

<html><body>
Bendigo Bank has announced it will decrease its variable home loan interest rate by 25 basis points to 6.26% p.a.
Customers with an average variable home loan of $250,000 will see their repayments decrease by $41 a month (principal and interest home loan over 30 years).
Under the same banking group, Adelaide Bank has announced it will also reduce its standard variable home loan rates by 25 basis points.
The bank's variable smartfit home loan will reduce from 5.81% to 5.56%.
The lower rates kick in on May 27.
Bendigo and Adelaide Bank managing director Mike Hirst said the rate change aims to create a fair balance for all the bank’s key stakeholders. 
“When setting interest rates our Bank needs to take into account a wide range of factors and carefully consider its key stakeholders including borrowers, depositors, staff, shareholders, partners and the wider community,” Hirst said. 
</body></html>

Bendigo Bank cuts variable home loan rates by 25 basis points

<html><body>
CUA has cut its standard variable home loan rate by 25 basis points to 5.60% - an average of 57 basis points lower than the average of the big fours banks.


It has also announced fixed rate cuts with its three-year fixed rate home loan by 11 basis points to 4.99% and cut its three-year fixed rate premium home loan to 5.30%. 
The rate breaker package product will be reduced to 5.17% while CUA’s one year introductory standard variable rate will be reduced by 25 basis points to 5.22%. 
</body></html>

CUA passes on full rate cut to borrowers with 5.6% standard variable offering

<html><body>
Non-bank lender State Custodians has passed on Tuesday's Reserve Bank interest rate cut  in full across all its variable home loan products.

Its peak performance home loan will reduce to 4.74%, one of the lowest offerings in the market.
“The peak performance loan comes with a free 100% offset account – this helps our customers to further reduce the interest they pay," says CEO Heidi Armstrong.
"In addition we’re increasing the acceptable loan to value ratio (LVR) from 75% to 80% – and making the loan available for both refinances and purchases."
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State Custodians pass on full rate cut with 4.74% high deposit offering

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The dust has almost settled following the RBA’s decision to cut the cash rate by 25 basis points to a 53-year-low of 2.75%.
Reflecting better funding conditions, the Greater Building Society was the standout lender, passing on 30 basis points to borrowers followed by ANZ which passed on 27 basis points, saving borrowers between $50 and $60 per month for those on a $300,000 variable-rate mortgage. 
Nearly all lenders diligently passed on the 25 basis points in full, but from different starting points so even if your lender has passed on the rate cut in full, your new home loan rate may not look that attractive.
Westpac chief economist Bill Evans has also highlighted that while the cash rate may be at a record low of 2.75%, the average standard variable rate is someway off the 2009 low of 5.75% with lenders increasing their margins since the GFC by not passing on rate cuts in full and in some cases, lifted rates independently of the RBA.
RateCity.com.au CEO Alex Parson highlights that prior to the Tuesday rate cut, the benchmark standard variable rate was 6.42%.
“While this is the lowest level since December 2009, it is still 3.42 percentage points above the cash rate and the biggest spread we’ve ever seen,” Parson says.
There's also a big spread in the standard variable mortgage offerings - the benchmark at which all lenders price their home loans - as this table shows, starting from 4.75% and rising to 6.22%:
<div align="center">
<table align="left" style="width: 470px;" cellpadding="0" cellspacing="0" border="1"><tbody>
<tr>
<td colspan="3" nowrap width="100%">
Lenders that passed
on more than 0.25%
</td>
</tr>
<tr>
<td nowrap width="31%">
Company
</td>
<td nowrap width="37%">
Standard variable
rate movement
</td>
<td nowrap width="30%">
New standard
variable rate
</td>
</tr>
<tr>
<td nowrap width="31%">
Greater Building Society
</td>
<td nowrap width="37%">
-0.30%
</td>
<td nowrap width="30%">
5.75%
</td>
</tr>
<tr>
<td nowrap width="31%">
ANZ
</td>
<td nowrap width="37%">
-0.27%
</td>
<td nowrap width="30%">
6.13%
</td>
</tr>
<tr>
<td colspan="3" nowrap width="100%">
Lenders that passed
on the full 0.25% cut
</td>
</tr>
<tr>
<td nowrap width="31%">
Adelaide Bank
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.56%
</td>
</tr>
<tr>
<td nowrap width="31%">
Aussie Home Loans
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.24%
</td>
</tr>
<tr>
<td nowrap width="31%">
Bank MECU
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.74%
</td>
</tr>
<tr>
<td nowrap width="31%">
Bank of Melbourne
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.15%
</td>
</tr>
<tr>
<td nowrap width="31%">
Bank SA
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.22%
</td>
</tr>
<tr>
<td nowrap width="31%">
Bankwest
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.14%
</td>
</tr>
<tr>
<td nowrap width="31%">
BOQ
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.26%
</td>
</tr>
<tr>
<td nowrap width="31%">
Commonwealth Bank
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.15%
</td>
</tr>
<tr>
<td nowrap width="31%">
CUA
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.60%
</td>
</tr>
<tr>
<td nowrap width="31%">
Heritage Bank
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.89%
</td>
</tr>
<tr>
<td nowrap width="31%">
IMB
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.91%
</td>
</tr>
<tr>
<td nowrap width="31%">
ING DIRECT
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.41%
</td>
</tr>
<tr>
<td nowrap width="31%">
loans.com.au
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
4.87%
</td>
</tr>
<tr>
<td nowrap width="31%">
MyRate
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.42%
</td>
</tr>
<tr>
<td nowrap width="31%">
nab
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.13%
</td>
</tr>
<tr>
<td nowrap width="31%">
P&amp;N Bank
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.95%
</td>
</tr>
<tr>
<td nowrap width="31%">
People’s Choice
Credit Union
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.12%
</td>
</tr>
<tr>
<td nowrap width="31%">
Police Credit
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.74%
</td>
</tr>
<tr>
<td nowrap width="31%">
St George Bank
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.24%
</td>
</tr>
<tr>
<td nowrap width="31%">
Suncorp Bank
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.24%
</td>
</tr>
<tr>
<td nowrap width="31%">
State Custodians
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.09%
</td>
</tr>
<tr>
<td nowrap width="31%">
UBank
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
4.87%
</td>
</tr>
<tr>
<td nowrap width="31%">
Westpac
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.26%
</td>
</tr>
<tr>
<td nowrap width="31%">
Yellow Brick Road
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.15%
</td>
</tr>
<tr>
<td colspan="3" nowrap width="100%">
Lenders that passed
on less than 0.25%
</td>
</tr>
<tr>
<td nowrap width="31%">
Community First
Credit Union
</td>
<td nowrap width="37%">
-0.22%
</td>
<td nowrap width="30%">
6.12%
</td>
</tr>
<tr>
<td nowrap width="31%">
loans.com.au*
</td>
<td nowrap width="37%">
-0.24%
</td>
<td nowrap width="30%">
4.75%
</td>
</tr>
<tr>
<td nowrap width="31%">
Police Bank
</td>
<td nowrap width="37%">
-0.20%
</td>
<td nowrap width="30%">
5.84%
</td>
</tr>
</tbody></table>
</div>
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Source: RateCity.com.au, ranked by biggest cuts then alphabetically, effective dates vary between lenders/ *For new loans.com.au home loan customers
But as highlighted by Bill Evans, the picture is complicated by discount offerings and very low online home loan rate offerings, these often come with high deposit requirements or a minimum home loan size.
Rate cut announcements made by lenders generally mention the new standard variable rate on offer, but most borrowers would receive some sort of discount off this rate if they take out a packaged home loan, borrow a large enough amount or if they qualify for a discounted special.
This may be an introductory rate (sometimes called a honeymoon rate) or a rate for the life-time of the loan (called a discounted home loan rate).
For example, Yellow Brick Road has cut its standard variable rate to 6.15% but is offering a 1.25% discount of the first 12 months of the loan and 86 basis points off the life of the loan after this period.
Credit union CUA passed on the full rate cut, reducing its standard variable rate to 5.6% on May 20 but will also offer a discounted variable rate of 5.17% under its package offering as well as a honeymoon rate of 5.22%.
NAB may have passed on the full rate cut to borrowers to offer a standard variable rate of 6.13% but many borrowers will be on packaged home loan rates with discounts from 50 to 85 basis points.
Some eyebrows though may be raised at NAB’s online offering Ubank, which will offer a discounting refinancing rate of 4.87% when its cheaper online rates kick in on May 17.
Non-bank lender State Custodians has cut its standard variable rate to 5.09%, but will offer its peak performance loan at a very low 4.74%, with a 20% deposit requirement.
A rate cut should rightly spur some borrowers on variable rate loans or those with fixed rate loans (where the term will soon expire) to review their current mortgage and the rate they are paying together with any fees as well as the benefits and perhaps put in a call to their mortgage broker or lending manager.
But certainly you should not rush into a refinancing your home loan until you have a comprehensive understanding of the costs and fees involved, your personal circumstances and long-term objectives and what refinancing will actually mean in terms of paying off your home loan.
Signing up to an eye-catching low rate because the online offer will expire in 10 days is where the expression “only fools rush in” is most apt.
A good starting point is to arm yourself with knowledge.
Download a <a target="_blank" href="http://propertyobserver.com.au/ebooks/free-ebook-12-tips-for-refinancing-your-mortgage">free copy of the Property Observer ebook: 12 tips for refinancing your mortgage</a> and watch the free Property Observer webinars <a target="_blank" href="/news">Refinancing and the interest rates riddle</a> and the <a target="_blank" href="/news">The Do's and Don'ts of Refinancing Your Existing Home Loan - and How to Avoid Unnecessary Hurdles</a>.
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Home loan rates guide: What's now on offer and what you should be considering after the historic RBA cash rate cut

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ANZ has cut its standard variable mortgage rate by 27 basis points, the first time the bank has cut rates by more than the RBA's official cash rate reduction since announcing its independent interest rate review in December 2011.
Westpac, NAB and the Commonwealth Bank have all passed on 25 basis points to borrowers.
Only the Greater Building Society has passed on more than ANZ with its <a href="/news">30 basis point rate cut announced yesterday</a>.
ANZ's standard variable rate will reduce from 6.40% to 6.13% from May 17 (6.23% p.a. comparison rate) and will steal some of NAB's thunder.
NAB has claimed the lowest standard variable rate for the past 46 months, but must now share that title with ANZ.
NAB will reduce its variable rates from May 13.
The Commonwealth Bank will reduce its standard variable rate to 6.15% on May 13 with Westpac the outlier with a standared variable rate of 6.26% from May 20.
The 27 basis point decrease will save ANZ customers about $60 per month or $750 per year for the average home loan of $280,000.
Since announcing it would go it alone on interest rates, ANZ has twice lifted the cash rate independently of the RBA
It increased variable rates by 6 basis points in February last year and by 6 basis points in April.
“This month we reviewed a range of factors including the Reserve Bank’s decision to decrease the official cash rate this week, our competitive position and a recent easing in the cost of our wholesale funds," said ANZ CEO Australia Philip Chronican
“While competition for deposits remains strong, our overall funding cost position hasallowed us to reduce variable mortgage rates by 0.27%pa.
“This decision reflects ANZ’s approach to reviewing retail lending rates each month which includes an assessment of our overall funding costs and I’m pleased our mortgage customers will see a benefit this month,” he said.
ANZ also said that variable rates for small business lending would decrease by 25 basis points.
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ANZ beats the RBA and all rival lenders bar one with 27 basis points rate cut

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Lenders have been offering a variety of incentives to borrowers as interest rate fluctuations focus peoples’ attention on whether to switch lenders.
Queensland-based lender Firstmac is offering a <a target="_blank" href="https://www.google.com.au/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=1&amp;cad=rja&amp;ved=0CFoQFjAA&amp;url=https%3A%2F%2Fwww.firstmac.com.au%2Fhome-loans%2Fbroncos-home-loan&amp;ei=9zOLUfS8DqaaiQe4jICQCw&amp;usg=AFQjCNFV8RKLurkXwDrbzxpbpXHwZln7_g&amp;sig2=IVQCiUEhfuJrLKutHWSLMw&amp;bvm=bv.46226182,d.aGc">three-year family membership to Brisbane Broncos </a>rugby league team on its 5.21% (5.26% comparison rate) Broncos loan.
<img alt="broncosmay10one" height="245" width="470" src="/images/stories/2013/05/broncosmay10one.jpg">
The Broncos last won a premiership in 2006.
Loans.com.au is offering a <a target="_blank" href="https://www.loans.com.au/our-loans/blackboard-special">special rate of 4.75%</a> (4.77% comparison rate) for home owners looking to refinance before May 20.
<img alt="loansmay10one" height="221" width="470" src="/images/stories/2013/05/loansmay10one.jpg">
RAMS is offering refinancers <a target="_blank" href="https://bs.serving-sys.com/BurstingPipe/adServer.bs?cn=tf&amp;c=20&amp;mc=click&amp;pli=7012332&amp;PluID=0&amp;ord=%5Btimestamp%5D%20">$1000 in cash</a> if they choose any RAMS loan for those applying before the end of May.
The Bank of Melbourne is offering those who switch <a target="_blank" href="https://www.google.com.au/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=1&amp;cad=rja&amp;ved=0CFoQFjAA&amp;url=http%3A%2F%2Fwww.bankofmelbourne.com.au%2Fpersonal%2Fhome-loans%2Fswitch-offer%3Fpid%3Dweb%3Ahome-cfeature-hloffer-mar13&amp;ei=DjSLUeHjIeTwiAek74GACQ&amp;usg=AFQjCNGzd4h44K3hyV96hBs3P3L3c19lCQ&amp;sig2=RMlSSU1qqWTq6hWNAWFmDA&amp;bvm=bv.46226182,d.aGc">$700 in cash</a> for those applying before the end of July.
<img alt="bankofmelbournemay10one" height="237" width="470" src="/images/stories/2013/05/bankofmelbournemay10one.jpg">
Mozo has brought back its <a target="_blank" href="https://mozo.com.au/mystery-bank-deal">mystery bank deal</a> and is offering switchers 5.33% (5.35% comparison rate).
UBank is offering a <a target="_blank" href="https://www.ubank.com.au/ubank/web/products/home-loan/refinance/refinancing-overview?_afrLoop=124791503534000&amp;_afrWindowMode=0&amp;_afrWindowId=null#%40%3F_afrWindowId%3Dnull%26_afrLoop%3D124791503534000%26_afrWindowMode%3D0%26_adf.ctrl-state%3D1dh8n5adaw_9">0.25% per annum upfront discount</a> offer for a limited time with a variable rate of 4.87%.
And Coastline Credit Union is offering switchers <a target="_blank" href="https://www.coastline.com.au/Personal-Banking/Publications/News/Art56.php">$750 in cash</a> to switch over to their offering.
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Lenders offer varied incentives to attract loan switchers

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ME Bank has cut its standard variable mortgage rates by 0.25% following the RBA’s decision to lower the official cash rate to 2.75% p.a. 
Home loans marketed by the lender are available to eligible super funds and unions and currently more than 50 basis points lower than that of the nearest major bank.
However, the new rates are only effective from May 28 -  a full three weeks after the cash rate reduction.
The standard variable rate drops from 5.88% p.a. to 5.63% p.a., and the member package variable rate drops from 5.68% p.a. to 5.43% p.a. (for customers borrowing up to $500,000). 
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