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

Joel Robinson

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

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

Lowe Living unveils Middle Park apartment development

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

DVB Projects to launch second Broadbeach apartment tower as demolition commences

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

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

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

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

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

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

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>
With the financial year end soon approaching, it is a good time for property investors to make an inventory of papers they should collate as part of the tax preparation process. 
While some of the expenses to prepare are obvious, there are others that require some thought and discussion with your tax consultant. 
A brief discussion of the most salient items may be useful: 
<ol>
<li>Real estate agents’ statement of income and expenses for the property for the financial year. Where you have changed agent during the year; ensure you have a statement of income and expenses from the previous agent. Property agents’ fees are included in the annual summary.</li>
<li>Council rates – this item is easy to collate.</li>
<li>Body corporate expenses. This item is usually invoiced separately and is easy to provide.</li>
<li>Insurance on the property and it would include also landlords insurance, as well as public liability.</li>
<li>Water charges are now separately invoiced in most states, and it is easy to identify the costs.</li>
<li>Pest control </li>
<li>Cleaning and garden maintenance</li>
<li>Advertising for tenants – this item would normally be included in the estate agents’ statements.</li>
<li>Telephone calls to the real estate agent. Such an item is directly related to the income rental, and a landlord should make a reasonable estimate based on calls per month.</li>
<li>Repairs and maintenance are always an area of concern, as some of the expenditure may represent improvements. Where you are unsure it is best to provide copies of invoices to your accountant for discussion. Items as painting are generally treated as repairs, but replacement of, say, a dishwasher is a depreciable item.</li>
<li>Interest expense on the investment property. Where you are unsure of amounts to claim then provide all bank statements for investment loans to your accountant. For new investors your statements may include certain borrowing costs that have to be amortised. Typical of borrowing costs are lenders mortgage insurance, bank legal fees, stamp duty on registering mortgage, and bank valuation fees.</li>
<li>Quantity surveyors report the cost incurred for new investors is tax deductible, and a copy of the report should be submitted to your accountant.</li>
<li>Travel to inspect properties. Only legitimate expenses should be claimed for this item, and driving by an investment property is not deemed an inspection. If you travel interstate to inspect a property and attach a holiday to it then you would need to apportion the cost of travel and accommodation relevant to the inspection alone.</li>
</ol>
The above list is not exhaustive of items that may be claimable, but it represents the major items. 
Where in doubt consult your tax adviser.
Henry A. Ohana CPA is a tax accountant and agent specialising in rental property investors, residential and commercial at <a target="_blank" href="https://www.boutiqueaccounting.com.au/">Boutique Accounting</a>.
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hohana-X8ppunVgZ6

The 12 tax tips for collating information on your rental property

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Prime Minister Julia Gillard has taken aim at the states' stamp duties on home purchases in her opening speech of the government's economic forum in Brisbane.
It was briefly raised in the context of how the nation improved its competitiveness through increased labour mobility.
She linked the issue of labour shortages in the mining sector to stamp duties on real estate transactions.
"We've got to talk about labour mobility… We've got to crack this nut. Workforce is one of the real nubs of the economic discussion in Australia.
"We've worked on national licensing of professions and trades and on incentives for welfare to work, and now we're turning attention to more improvements to jobs services, and to issues like state transaction taxes on property as well."
Stamp duties on conveyancing sits among the biggest sources of revenue for most state governments.
The ACT government has begun a 20-year stamp duty phasing out to be replaced by higher annual property rates.options to replace stamp duty are concerned, this really only leaves the one that was ignored: GST.
Enzo Raimondo, the CEO of the Real Estate Institute of Victoria, <a href="https://www.propertyobserver.com.au/tax/increased-gst-is-the-only-real-alternative-to-stamp-duty-enzo-raimondo/2012061255068" target="_blank">suggested yesterday that the GST had to figure promintly in any considerastion of options to replace stamp duty.</a>
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jchancellor-FAypfDUnLy

Julia Gillard takes aim at state stamp duties at economic forum

<html><body>
RBA governor Glenn Stevens delivered a 'solid' <a href="https://www.rba.gov.au/speeches/2012/sp-gov-080612">speech</a> last week. Solid being a favoured, if over-exercised, bromide for central bankers. Stevens made a few interesting remarks, which, if I can say so, echoed points I've consistently pushed here.
First, the local media and local economists have not been dispassionate in assessing Australia's economic circumstances. As I've said before, if you predicted a raft of rate cuts late last year on the basis of a weak Australian economy, you were indisputably right for the wrong reasons. Stevens comments:
“Yet the nature of public discussion is unrelentingly gloomy, and this has intensified over the past six months. Even before the recent turn of events in Europe and their effects on global markets, we were grimly determined to see our glass as half empty. Numerous foreign visitors to the Reserve Bank have remarked on the surprising extent of this pessimism. Each time I travel abroad I am struck by the difference between the perceptions held by foreigners about Australia and what I read in the newspapers at home.”
The good news is that Stevens's speech has had an immediate impact on editorial behaviour and hamstrung the more hysterical gloomers. Most of the major media outlets have jumped aboard, with a notable shift in the tenor of output in the big broadsheets. Let's see how long that lasts.
The second point, which Stevens would never admit, is that the RBA are worried about the effects of excessively low interest rates on asset prices, and housing in particular. This has been compounded by the fact that the RBA made a policy mis-step in cutting rates too hard between November and now on the basis of flawed survey data, financial market speculation, and subjective forecasts.
In his speech, I was intrigued to see Stevens warning Australians against relying on trend house price growth and defensively arguing that the RBA was not cutting interest rates to bolster asset prices. For mine, this is a subtle tell apropos the RBA's policymaking mistakes. Suddenly it is worried about unintended consequences:
“You don’t have to be a believer in bubbles to think that a return to sizeable price increases and higher household gearing from still reasonably high current levels would be a risky approach. It would surely be a false basis for confidence. The intended effect of recent policy actions is certainly not to pump up speculative demand for assets.”
This is not exactly right. First, the RBA thinks there has been massive underbuilding in the housing sector and would like to see a big increase in appropriately located and constructed housing supply over the years to come. The central bank has said this repeatedly.  Second, the RBA (now) knows – as I warned years ago – that it is not going to get investments of scarce capital in risky housing supply while asset prices are declining.
The most germane thing about asset prices is this. On the one hand, the RBA knows that the Australian banking and mortgage insurance systems have been heavily criticised by institutional investors for their high exposures – 60% on average for the banks – to Australia's supposedly over-valued housing market. This is unambiguously regarded as Australia's number-one macroeconomic risk. The RBA spends considerable time and effort meeting privately with global investors trying to convince them otherwise.
The RBA further knows that if house prices were to decline materially, it would imperil the entire financial system. The disaster-delivery-device would, of course, be the banks. Slumping prices would slash the value of collateral on bank balance sheets. This could cause credit rationing that further accentuates the price falls, and so on. Rest assured, the RBA would do everything possible to resist this outcome, and would absolutely use interest rates to support asset prices. This is an integral part of the RBA's "financial stability" mandate, which it is very focused on.
It is also true that the RBA has been somewhat unnerved by the recent house price action, with, thus far, a failure to see any obviously positive response to the central bank's anxious cuts.
Now I don't think there is much chance of this negative asset price/bank credit rationing feedback loop coming to pass. But it is precisely the sort of scenario that gives Glenn Stevens and Phil Lowe heart palpitations.
(As a technical aside, I think it is fascinating to see the RBA referencing Australia's new "daily" house price index data, noting that while prices stabilised in the first four months of 2012, they started slipping again over mid-April and May.)
 
<hr class="system-pagebreak">
 
Recent RBA rate cuts have, therefore, been motivated partly to afford some relief to the struggling housing sector. And there would be much more if the value of housing started plummeting.
This brings me to a third observation. The RBA saw house prices surge nearly 14% across Australia's capital cities in 2009 in response to its ultra-low rates. It watched as Melbourne house prices jumped a remarkable 35% over 2009 and 2010. It genuinely wants to avoid a repeat of this saga. That is to say, it does not want to have to slash rates to the point where they start stimulating unseemly asset price growth.
A fourth nugget buried in Stevens's speech was his belated nod in the direction of Australia's poorly served, and numerically superior, savers (as opposed to borrowers), which regular readers would know has been a topic of much discontent here:
“We cannot neglect the interests of those who live off the return from their savings and who rightly expect us to preserve the real value of those savings. Popular discussion of interest rates routinely ignores this element, focusing almost exclusively on the minority of the population – just over one-third – who occupy a dwelling they have mortgaged. The central bank has to adopt a broader focus. And to repeat, it is not our intention either to engineer a return to a housing price boom, or to overturn the current prudent habits of households. All that said, returns available to savers in deposits (with a little shopping around) remain well ahead of inflation, and have very low risk.”
I would contend that on the basis of the latest information, the real returns being earned by Aussie savers are probably 50-70 basis points too low, especially if you assume core inflation rises in quarter two as a function of fading tradeable disinflation.
Current monetary policy settings reflect too much questionable insurance and not enough fact. Don't get me wrong. The world could end next month, and, as I've explained in detail before, the RBA could be easily compelled to cut the cash rate to 1.9% or lower. But that is not my expected "modal case" for policy right now.
Finally, Stevens returned to a favourite narrative, which I have highlighted in recent presentations. And that concerns the migration of the global centre of economic gravity away from the North Atlantic towards "Chindia". This has been an entirely unplanned and coincidental boon for resources-rich Australia, which hubris-laden policymakers have resisted acknowledging as a critical explanatory variable in our post-GFC economic performance. Stevens redresses this imbalance somewhat, which was comforting to see:
“We face a remarkable period in history. The centre of gravity of the world economy seems to be shifting eastwards – towards us – perhaps even faster than some of the optimists had expected. Granted, that is partly because the relative importance of Europe seems to be shrinking, perceptibly, under the weight of its internal problems. But even if the Europeans manage the immediate problems well, there is no mistaking the long run trend. That this comes just as a very unusual period for household behaviour in Western advanced countries (including Australia) has ended, has been a remarkably fortuitous combination for Australia.”
Christopher Joye is a leading financial economist and a director of <a target="_blank" href="https://www.ybr.com.au/savings/index.cfm">Yellow Brick Road Funds Management</a> and Rismark. The author may have an economic interest in any of the items discussed in this article. These are the author’s personal views and do not represent the opinions of any other individual or institution. This material is not intended to provide, and should not be relied upon for, investment advice or recommendations.
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chrisjoye-JYhJsTrNRC

The RBA knows a material housing price decline would imperil the entire financial system: Christopher Joye 

<html><body>
“The Australian government is hanging out the open for business sign, and demonstrating our very real commitment to attracting investment in the tourism industry.”
-Martin Ferguson, Minister for Tourism, May 2, 2012
Just six days after Martin Ferguson told the world “it is time everyone understands Australia is not only a great place to visit but a great place to invest”, Treasurer Wayne Swan vowed to double taxes on international investors.
Ferguson’s Australia Unlimited launch, his glossy Australian Tourism Investment Guide, which boasts of our low 7.5% withholding tax, plus the website of 80 “investment ready” projects is ludicrous in light of the Treasurer’s budget announcement.
Japan and Singapore became more attractive investment destinations on budget night.
Stunned investors across the world and in Australia condemned the decision and the damage it does to our reputation as a safe haven for capital.
They also acted.
Some of the planet’s most reputable pension funds froze negotiations with Australian partners within hours of the government’s announcement.
Since then, several have reallocated their capital to other countries. One fund has already redirected nearly half a billion dollars of investment to China.
The doubling of withholding tax to 15% is a stupefyingly unnecessary own goal.
It’s bizarre that the government has ignored its own game plan for transforming Australia into a funds management hub.
Introducing the lower withholding tax regime in 2008, then assistant treasurer Chris Bowen said sagely: “You do not create a financial services hub through tinkering.”
David Bradbury, who is now the Assistant Treasurer, said: “If we are to be internationally competitive then … we must have rates of taxation that are amongst the lowest in the world.”
In short, he acknowledged that a small country like Australia needs the additional appeal of lower taxes to attract the globe’s flighty capital.
These days he boasts that we’re better off in the middle of the pack.
Since when is it smart to squander a world-beating lead and head for mediocrity?
The point of a low tax is to persuade more of the world to give us their savings to manage.
The strategy was working. Inbound international investment rose fivefold after 2008. We were on track to becoming the region’s funds management front runner.
At a time when other property markets were tanking, inbound investment supported local asset prices.
The extra international investment also reduced Australia’s reliance on debt finance.
As a double bonus, these new investors were quality long-term players, such as pension funds, sovereign wealth funds and global REITs.
In the main they financed quality assets that delivered community and environmental dividends. Just look at the number of five and six star green star buildings funded by international investors.
The government is now trashing this successful strategy at a time when Europe, which finances 80% of the world’s trade, is careening into a double dip and Asian growth is moderating.
It makes zero sense to become less attractive to the world’s savers at this dangerous economic tipping point.
We should reinforce our reputation for stability, not vandalise it.
Ferguson’s plea for international investment is just as relevant to sectors besides tourism, especially infrastructure.
Cash-strapped state governments will be big losers from a higher withholding tax.
The government says a steeper tax will increase its revenue.
In fact, its higher tax rate will decrease investment, imperil jobs in a construction sector that hasn’t recovered from the GFC and shrink overall tax revenue.
Less economic activity and less employment will result in less taxes across the board, including GST, corporate and property taxes. The government wants more money – it will get less. The measure will backfire.
Adding insult to injury, the budget also dumped the CGT discount for foreign investors.
The Property Council is working hard to persuade the Parliament to stick with a low withholding tax regime.
Peter Verwer is chief executive of the <a href="https://www.propertyoz.com.au/" target="_blank">Property Council of Australia.</a>
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Government's doubling of withholding tax an unnecessary and stupefying own goal

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Mortgage brokers can be a vital resource and close partner to your inner circle. There are a lot of people you'll need to recruit in building your team as an investor. Some of these people charge for their services, including:
<ul>
<li>Solicitors</li>
<li>Tax depreciation assessors </li>
<li>Third-party mortgage document creators (Not usually used by big banks, usually a service you have to pay for when smaller lenders, credit unions, and non-traditional financiers are used) </li>
<li>Accountants </li>
<li>Financial advisers and planners (this is a grey area; some charge upfront fees, others work for “free” to you and instead earn commissions from the products they recommend to you – and they are legally obligated to be upfront about these)</li>
<li>Valuers</li>
<li>Quantity surveyors</li>
</ul>
Others do not, instead taking a commission at some point from another third party, including:
<ul>
<li>Mortgage brokers</li>
<li>Buyers’ agents</li>
<li>Property development companies (those who sell off the plan, etc.)</li>
</ul>
Considering last week’s RBA interest rate cuts and rates being a hot topic, I thought it would be appropriate to focus on mortgage brokers and run through some of the pros and cons I've experienced in my investment life. They are important because they can really open doors and make properties you once thought were not viable suddenly within reach. 
Pros:
<ul>
<li>Pre-qualification without you actually needing to apply for a single loan. One slightly scary thing to keep in mind is that every time you apply for a mortgage product with any institution and are refused finance (for whatever reason) it leaves a stain on your credit history/check. Once or twice is fine, but collect too many of them and it makes you look very bad, making your chances and getting future finance more restricted. Mortgage brokers will run software that pulls data in real time, across hundreds of lenders (at their current rates and special deals) and runs this data against your personal situation data. What does it spit out? Well, it culls the lenders who will a) even consider lending you the money you want/need b) tell you what the maximum borrowing capacity actually is and c) tell you the lenders you have the highest chance of being successful in a formal application with.</li>
<li>In line with the above, brokers will indeed save you money. By putting you into the best possible product at the best rate and product, you'll usually be better off in terms of rates repayments, as a result. </li>
<li>They will save you time, will (usually) come out to see you instead of you see them. This might sound small, but as you get underway with your due diligence, this is a big help, and frees up your time to do other due diligence checklist items you'll no doubt need to conduct. </li>
<li>While they do not know everything about every product, they do have expert knowledge on some of the more popular products and real qualitative feedback from other clients on how these products have performed. Their insight is unbiased and raw, which is great because individual lenders will (by their nature) sell you the dream of how their product is best in market!</li>
<li>Expanding on the above, brokers must always be upfront and honest about the way they make their income. Yes, they work for free to you, but someone has to pay, right? Well, brokers receive a kickback, or commission, from whatever lender you end up with, and they are upfront in telling you what this is (you'll see it line-itemed in any eventual product you sign up for). </li>
</ul>
Cons:
<ul>
<li>They do not have a firm grasp of your full situation. Probably my biggest challenge in being a professional property investor myself is juggling my team (the list of people mentioned above). While I only recruit professionals whose quality of service and work pleases me, it is very hard to get them working together with each other (which sometimes you need to do!). A good broker will understand your other relationships and will engage with them to help confirm and qualify data.</li>
<li>I know I mentioned above that they will save you money (and they will, on the interest rate of the product, which is the paramount money-saving you need), but they aren't always armed with all of the costs you'll need to pay upfront. Remember, brokers are not experts in every single mortgage product out there, by every single provider out there. If they were, they'd need to be able to rattle off facts and figures on literally thousands of products. Instead, the lenders themselves are the experts on their own products. So the con of this is that mortgage brokers will get you into a great product, but not always know upfront the full start-up costs involved (additional fees and charges beyond those in the products fact sheet may be incurred).</li>
<li>While they must be transparent in highlighting the way they work in regard to commission they get from lenders, what is unknown to their customers is the level of commission and incentives given by differing lenders (both official and unofficial incentives, that is). Let me explain. If lender 'A' offers a 1% kickback of the mortgage product value as a commission, yet lender 'B' offers a 1.5% kickback, the mortgage broker, while always tasked with recommending the product that is right for your situation, will still be influenced by the bigger commission products sold to them. Additionally, the influence of prizes, lunches, gifts etc. by the lenders (“unofficial” incentives) may possibly influence/corrupt their recommendations to you. This is why when shopping for a good broker, you must check references and ideally will find one from whom a friend/colleague/relative has had positive experience. </li>
<li>Because brokers won't always want to engage your other team players (accountants, solicitors, etc.), they tend to treat each investment property of yours uniquely (unless of course you're buying more than one property at a time, but most investors just do one per year or so). The problem with this is that after the first property or two, they tend to become focused on just finding lenders that will still say yes to you, and not always consider what ramifications product 'X' may indeed have on the rest of your existing portfolio. But to their credit, this should not be the responsibility of a broker – instead just remember that it's your responsibility to consider the effect that each layer of your portfolio cake has, and its weighting, on the layers below it. </li>
</ul>
So mortgage brokers may not be for everyone, or for every situation, for that matter. You need to do what is right for you, and sometimes that means going direct to a source of finance. At minimal though, you should consider a consultation with a mortgage broker to assess what their value proposition to you may be.
In my experience I've worked with and without brokers.  There is no right answer, but when you find one who is willing to treat you as a long-term customer and help you expand your portfolio in the right way, then you know you've found the best broker possible for you. And the best way to get a feeling for this is to listen to the questions they ask of you. Are they obsessed only with the “current” purchase you're making? Or are they asking you lots of questions, at consultation, about how you want to grow your portfolio? Perhaps questions about your next purchase, ball-park spend rates, whether you're looking to owner-occupy a property for any amount of time. Good brokers ask these kinds of questions because they know the value of a long-term client relationship. Bad brokers can't see past the deal they are talking you through there and then.
Cameron McEvoy is a property investor and maintains a blog, <a href="https://propertyspectator.blogspot.com.au/" target="_blank">Property Spectator.</a>
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The pros and cons of using a mortgage broker

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The NSW government has ramped up its generous handouts for first-time buyers buying new homes, as the NSW Treasurer Mike Baird aims his second budget at kick-starting the state’s lacklustre home building industry.
But it comes at the expense of buyers of existing homes, who will lose thousands of dollars in incentives from October 1 this year.
From October, a first-home buyer who purchases a $550,000 new home will get $35,240 in assistance. But if it is not new, the first-home buyers will secure nothing.
First-home buyers of existing properties, about 90% of the market segment, will receive no government assistance with major ramifications for estate agents who sell existing properties in this market.
Property investors can also expect land tax bill increases in the next year. Land tax revenue is forecast to grow by 8.1%.
First-home buyers will receive up to $35,240 in government handouts when purchasing a new home from October 1, for a 15 month period before its drops back.
But the longstanding $7,000 first-home owners' grant, negotiated with the federal government when the GST was introduced in 2000, will no longer be given to buyers of existing homes, replaced by a scheme that gives $5000 for only new homes.
The $600,000 threshold for new home concession has been lifted to $650,000, Baird said as part of the 2012 state budget.
Baird said for first-home buyers of new homes, the scheme was "the most generous scheme in Australia," although the Daily Telegraph report the stamp duty changes will be revenue neutral, while aiming to boost housing supply.
"Think new," was the response of the Treasurer when asked what he would say to those who could soon miss out on any government assistance.
"This is a fantastic day for you - there is an opportunity to get into a housing market like never before," he told the post-budget press conference.
"The generosity we're providing in terms of the first home buyers grant together with the stamp duty concessions, says to the first home buyers 'Think new'," 7 News reported.
<a href="https://www.propertyobserver.com.au/residential/the-25-things-investors-need-to-know-about-the-nsw-%245000-new-home-grant-scheme/2012061255077" target="_blank">New Home Grant Scheme</a>
From July 1, 2012, a new $5,000 grant will be provided to buyers of new homes, whether off the plan or newly built, with a value up to $650,000 and to buyers of vacant land that is intended to be the site of a new home valued up to $450,000.
The grant is targeted at all non-first home buyers and is available to investors as well as owner-occupiers. The grant will be administered through the transfer duty payment process.
The relevant form and factsheet will be made available prior to the commencement of the grant.
<a href="https://www.propertyobserver.com.au/residential/the-11-things-you-need-to-secure-the-%2435240-saving-under-the-nsw-first-home-owners-grant-scheme/2012061255076" target="_blank">First Home Owner Grant (New Home) Scheme</a>
From October 1, 2012, the first-home owner grant scheme will be replaced by the first home owner grant (new home) scheme. The new scheme will only apply to first home owners who purchase or build a new home valued at up to $650,000.
The grant will increase from $7,000 to $15,000 from October 1, 2012 to December 31, 2013 and to $10,000 from January 1, 2014.
First Home – New Home
From July 1 2012:
<ul>
<li>the transfer duty exemption cap on new homes increases to $550,000 with duty concessions for new homes valued between $550,000 and $650,000</li>
<li>the transfer duty exemption cap on vacant land increases to $350,000 with duty concessions for vacant land valued between $350,000 and $450,000</li>
</ul>
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NSW doubles its first-home grant for new homes, at the expense of the established housing market

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Negative gearing tax breaks for property investors will not be removed, says Prime Minister Julia Gillard. Gillard says her government has ruled out removing the tax break.
It was in response to a question asked on the ABC’s Q&amp;A program.
“We didn’t agree with the Henry Tax Review,” Gillard said.
“We think that an abolition of negative gearing will cause distortions to the property market that we did not want to see,” she said.
The federal opposition also appears loath to remove the tax break, with Coalition spokesman Joe Hockey tweeting after the broadcast that negative gearing “holds down rents... just ask Bob Hawke and Paul Keating. They tried to get rid of it and reversed their policy.”
However Sarah Toohey, spokesperson for lobbying group Australians for Affordable Housing, disagreed with Hockey, tweeting that “rents only rose in Sydney and Perth when Keating changed [negative gearing].
“[Rent rises] have been nationwide if that [were true],” she tweeted.
Property buyers’ advocate Catherine Cashmore agreed with Toohey, tweeting that negative gearing needed to be phased out.
“No other country has such a generous gearing policy – it does nothing to ease housing affordability,” she tweeted.
Negative gearing was used by around 2 million property investors in the last financial year to reduce their tax bill, according to ATO figures.
A property is negatively geared when the costs of owning it – interest on the loan, bank charges, maintenance, repairs and capital depreciation – exceed the rental income it produces.
The Henry Tax Review called for a raft of investment tax breaks – including negative gearing – to be replaced with a 40% discount on the marginal tax rate.
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Julia Gillard rules out scrapping negative gearing tax provisions for property investors

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Residential transactions in Australia generate a very high level of economic activity and create demand for a range of products and services directly related to housing   transactions. In 2010 there were approximately   544,000 transactions of established housing and an additional 103,000 purchases of new dwellings.  In Victoria in 2010 there were 133,000 established residential transactions with a value of $64 billion, and this represented 24.4% of the total established residential transactions.
Stamp duty on these transactions is one of the few state government taxes, and it provides approximately $27 billion or between 19 and 26% of their total revenue. Victoria has the highest at just over 26%.
Thankfully after debate lasting over a decade there is a level of consensus that stamp duties should be replaced. In 2000 the REIV commissioned a report from Access Economics titled The Economic Impact of Reducing State Taxes on Property, and in this report it was stated that reducing any of the state taxes on property would provide economic benefits greater than would be attained if payroll taxes were reduced by the same amount.
REIV members regularly report that stamp duty is a significant barrier for purchasers but unfortunately, there is a lack of consensus on how stamp duty should be replaced.
When the Henry Tax Review released its report on Australia’s future tax system it was done so with explicit instructions to not consider changes to the rate of GST.
This constrained the options that faced the panel of Ken Henry, Jeff Harmer, John Piggott, Heather Ridout and Greg Smith. As a result, they decided the best option to replace stamp duty would be to introduce a new tax similar to municipal rates or a broad-based annual land tax.
This would be a tax levied by state governments.
There are considerable flaws with this idea; it would be so complicated and take so long to equitably transition from stamp duty to land tax as to be unfeasible. This is especially the case when the politics are taken into account, as very few political leaders would be prepared to effectively double home owners’ annual municipal rates, even if it were in place of stamp duty.
There is, of course, inter-governmental politics at play here. The federal government, which sets the GST, does not want to suffer voter backlash, which is why it says the states are free to remove stamp duty. That is code for telling them to replace stamp duty with another state tax.
Income taxes are similarly politically charged and unlikely to be increased. The decision of the ACT government to do this, particularly to levy land tax those who have paid stamp duty, will therefore be keenly watched by other governments and the property industry.
As options to replace stamp duty are concerned, this really only leaves the one that was ignored: GST.
When the GST was introduced it was done so to remove inefficient state taxes; indeed, it was sold as a state tax. The state government already taxes commercial gain from property through land tax, and the personal tax structure is designed to tax wealth for redistributive purposes. There has never been a rational argument for taxing property ownership – except, of course, it is easy to collect because land is fixed and immobile.
In light of that, it does not seem sensible to ignore the efficient and effective broad-based tax that is already in place: GST.
This was the initial promise of the GST, and it’s time that I was fulfilled.
Using some back-of-the-envelope calculations it’s clear to see that increasing GST from 10% to 12.5% would raise the amount required to eradicate stamp duty. Unlike bringing in a new land tax, the collection cost would be almost zero and it would be substantially cheaper than creating a new taxation system. It would also avoid the need to transition from one property tax to another.
While GST was ignored as an option in the Henry Tax Review there is little chance that stamp duty will be eradicated.
Enzo Raimondo is CEO of the <a target="_blank" href="https://www.reiv.com.au/">Real Estate Institute of Victoria</a>.
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Increased GST is the only real alternative to stamp duty: Enzo Raimondo

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Unicredit WA Mutual Bank, which passed on all 25 basis points from the RBA’s cash rate cut to borrowers, is offering one of the lowest standard variable mortgage rates at 5.85%.
The tiny lender, born out of the Chemistry Department at the University of Western Australia in 1964, has a standard variable rate that is 94 basis points below that of the average of the big four banks.

NAB was the last of the major banks to cut its variable mortgage, <a href="https://www.propertyobserver.com.au/residential/nab-stays-cheapest-but-only-passes-on-21bps-rate-cut-to-borrowers/2012060855049" target="_blank">reducing its benchmark variable rate product by 21 basis points just before 6pm as the Queen’s birthday long weekend began on Friday</a>.

This allowed NAB to keep its promise – just - of having the lowest standard variable rate of the big four banks – with a new rate of 6.78% from next Monday.

The standard variable rate gap between Westpac and the next cheapest – ANZ and the Commonwealth Bank – has widened.
The 19 basis points cut by the Bank of Melbourne (BoM) pipped rival Westpac brand NSW-based St.George's 18 basis point rate cut.
This took BoM's SVR down to 6.80% compared to St.George's 6.86%, with the bank far more ebulient in its media statement.
“With our new standard variable rate and market?leading fixed rate offers, together with the great life of loan discounts available under our Advantage Package, Bank of Melbourne is providing Victorians with some of the best home loan deals available,” said BoM chief executive, Scott Tanner. “It’s a great time forcustomers ? new or existing ? to speak to us to ensure that they are on the right home loan for them and maximising all of the benefits available.”
"This is good news for our customers," said St George Bank's general manager of retail banking Andy Fell in a statement.
Here’s a guide to the new standard variable rates of the major banks as well as some of the lowest standard variable rate offerings.

All rates correct as of 2pm, June 13.
5.85%

The new standard variable home loan rate of Unicredit WA Mutual Bank

6.02%

The standard variable home loan rate being offered by State Custodians Mortgage Company

6.22%

The new standard variable home loan rate of ING Direct’s Mortgage Simplifier variable home loan from June 15

6.28%

The new standard variable home loan rate of ME Bank
6.40%

The new standard variable home loan rate of Greater Building Society from June 15
6.75%

The new standard variable home loan rate of RAMS from June 15
6.78%


The new standard variable home loan rate of NAB and BankWest from June 18
6.80%

The new standard rate of ANZ (June 12), the Commonwealth bank (June 18) and Bank of Melbourne (June 18)
6.85%

The new standard variable home loan rate of BankSA from June 18.
6.86%
The new standard variable home loan rate of St George from June 18.

6.89%

The new standard variable home loan rate of Westpac from June 18 

6.90%

The new standard variable home loan rate of Bendigo Bank from June 25 

6.91%

The new standard variable home loan rate of Bank of Queensland from June 16
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From St George’s 18-basis-point cut to ANZ’s 25 bps: a guide to standard variable mortgage rates

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Lower costs for mortgages, car finance and credit cards suit households, but business owners might see it differently. Sure, a lower cash rate means a lower cost of capital. But a rate reduction means the RBA is forecasting some hits to the Australian economy and is reducing the cost of money so that the economy will keep breathing when these threats materialise.
From a business owner’s viewpoint a weakening economy translates to fewer orders, less work, lower revenues and reduced business activity. A reduction in interest rates means a slowing economy.
This puts our business community in a nervous state, which is no good. I would make two points about the current situation. Firstly, while the RBA’s rate reductions of 0.75 percentage points in two months means there’s a potential slowdown on the way, the Aussie economy is actually very strong.
We have low unemployment by the standards of developed economies, our currency is strong, we have very low government debt as a percentage of GDP, and our biggest trade partners are developing nations, whose economies are forecast to grow rapidly.
Perhaps our greatest strength and weakness is our cash rate. At 3.5%, it is significantly higher than comparable economies such as Canada, US, eurozone and Japan, which have cash rates ranging from 1% to effectively zero.
Australian business owners face higher capital costs than their global counterparts. However, the strength of this higher interest rate policy is that the central bank in Australia has the room to stimulate the economy by monetary policy rather than by inflationary fiscal stimulus.
The central banks in other developed economies have already reduced their official rates to rock bottom – their only economic stimulus option is now fiscal, and some of them are simply printing money to achieve this.
The second point is that the RBA can force interest rates to go as low as it requires.
The major banks’ variable interest rates were in lock-step with the RBA during the Howard and Rudd governments, but this no longer occurs. This creates volatility, which feeds into one of the most important factors influencing business owners: sentiment.
Sentiment can turn an economy for better or worse, and business owners generally have stronger sentiment when they feel the certainty to make informed decisions. This is particularly the case when it comes to borrowing to expand, the lifeblood of economic growth.
Even when official interest rates were rising through 2010 and 2011, business owners could make a decision about capital costs based on the Reserve Bank.
It worries me that Aussie business owners will hesitate because they don’t know what official interest rates mean to banks’ rates.
Perhaps the Reserve could look at changes of 0.3 or 0.4 percentage piont, in order to shift variable rates to where they have to be?
With 2.7 million business owners in this country, the last thing we should be doing is confusing them about the cost of money.
Mark Bouris is executive chairman of <a href="https://www.ybr.com.au/" target="_blank">Yellow Brick Road</a>, a financial services company offering home loans, financial planning, accounting and tax, and insurance. He runs a <a target="_blank" href="https://twitter.com/#!/markbouris">Q&amp;A session on Twitter</a> every Monday afternoon at 4pm for small business owners using the hashtag #bizQandA.
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