<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>
Freshly fired celebrity apprentice Warwick Capper is unlikely to ever get a job as a bank manager at Yellow Brick Road following reports that the wealth management business set up by Mark Bouris will apply for a banking licence.
However, the likelihood of Yellow Brick Road actually challenging the major banks as a deposit-taking institution may be some time off.
Rather Celebrity Apprentice host Bouris appears to be milking the media exposure his wealth management business is receiving from the prime-time show on Channel 9 – which owns almost a fifth of Yellow Brick Road – by suggesting it could become a bank some time in the future.
Celebrity Apprentice attracted more than 1.3 million viewers for the first two episodes of the latest series.
Former NAB banking executive Matt Lawler, hired by Bouris as CEO of Yellow Brick Road in July, hinted at the possibility of applying for a banking licence in an interview with The Australian Financial Review.
Lawler says the company is aiming for 150 branches by the end of December 2012. The Yellow Brick Road website list 70 branches, with the majority of these located in NSW.
Lawler, who led NAB’s mortgage broking division before joining Yellow Brick Road, says as the business grows it would become big enough to make decisions about whether to write its own mortgages or become an authorised deposit-taking institution.
He claims Yellow Brick Road managers are better placed to sell mortgage credit than the major banks because its branches do not have targets and are more client focused.
Yellow Brick Road currently distributes mortgages via a partnership with Gateway Credit Union.
Bouris made his money from his Wizard mortgage broking business, which he eventually sold to GE Money for about $500 million in 2004.
He founded Yellow Brick in 2007 to sell investment services in former Wizard Branches.
Aussie Home Loans bought the Wizard brand and franchise network from GE Money in December 2008, changing the stores to the John Symond brand.
</body></html>

lschlesinger-FZcF9M3vE6

Mark Bouris' Yellow Brick Road hints at intentions to become a bank

<html><body>
Documents released by the RBA under freedom of information laws show the central bank is concerned about households who took out loans in the period between 2004-2007, when property prices were at their height, fearing they may be "overstretched".

The release of the documents comes just weeks after separate data indicated that many households who purchased homes in the last decade actually returned to renting, prompting fears they had taken out loans that were too large to service.
The documents show the RBA was told in March that there are a number of problems facing the housing market, with a number of areas facing a higher level of arrears.
"Even though the pace of debt accumulation has moderated in recent years, aggregate household indebtedness and gearing remain around historically high levels," it was told.
"This means some households could be exposed to shocks to their incomes and financial circumstances. A continuation of the recent borrowing restraint would thus be a welcomed development, as it would add further resilience into household balance sheets and avoid a build-up of risk in the household financial position."
It was also told that the rise in arrears in Queensland was occurring well before the Queensland floods, "and is consistent with the higher-than-average unemployment rate and weaker property market in the state".
These findings gel with a separate report from the RMIT Research Centre of the Australian Housing and Urban Research Institute, which found that 20% of home owners who bought a property between 2001-09 actually dropped out of ownership at one point, suggesting some of these households found property too expensive to maintain.
Those findings also come after the big four banks expressed some concern over over-stretched households.
CLSA Australia analyst Brian Johnson says while arrears have remained low, Australian households still face incredibly high levels of debt.
"You have never seen indebtedness like you see it now. What we also saw was a dramatic increase in interest rates from the lows of 2008 and 2009. Over and above that, margins have increased by 125 basis points."
"If you talk to mortgage insurers they will tell you loans don't default in their first or second year, it's after that, up to six years. We may be starting to see that now."
Johnson says employment in some industries has remained shaky, pointing to the rise in unemployment two months ago. "Job security is an issue at the present time," he says.
However, the RBA was also told that households are handling that debt quite well. Experts say the level of arrears has remained quite low, helped by the banks' tightening of lending standards and strict LVRs, and note it will continue to do so if employment remains high.
Johnson says as long as employment remains high, mortgage arrears will stay in check, but he notes many industries are suffering, and says ultimately it will come down to how the Government and Reserve Bank handle any housing crisis.
"If you were to get the start of a dramatic fall in housing prices, they would be aggressively cutting interest rates."
HIA economist Harley Dale says he believes the industry is a "long way off" from any problem that would cripple the industry.
This article originally appeared on <a href="https://www.smartcompany.com.au/economy/20111025-rba-warned-of-over-stretched-mortgage-holders" target="_blank">SmartCompany</a>.
</body></html>

cknowlton-QnEa6ntUYP

RBA warns of overstretched mortgage holders

<html><body>
Property investors who manage their own tax affairs have less than a week to submit their tax returns and <a href="https://www.propertyobserver.com.au/property-depreciation-101/2011061450484" target="_blank">accompanying property depreciation</a> schedules.
The ATO deadline for taxpayers who file their own returns is October 31.
Under Australian tax rules investors can also claim the depreciation of their investment properties against their taxable income
According to quantity surveyor Washington Brown, there are two types of allowances available: depreciation on plant and equipment, and depreciation on building allowance.
“Plant and equipment refers to items within the building like ovens, dishwashers, carpet and blinds while building allowance refers to construction costs of the building itself, such as concrete and brickwork,” the firm explains.
“Both these costs can be offset against your assessable income.”
Depreciation can be claimed even if a property has been renovated.
Depreciation schedules can only be completed by a qualified quantity surveyor.
Tax returns can also be amended up to two years back to claim for property depreciation over these periods.
As there are some exceptions, property investors are advised to seek clarification from their tax agent or the ATO.
For more on property depreciation read <a href="https://www.propertyobserver.com.au/property-depreciation-101/2011061450484" target="_blank">Property Depreciation 101</a> prepared by Tyron Hyde, director at <a title="Washington Brown" target="_blank" href="https://www.washingtonbrown.com.au/">Washington Brown</a>.
</body></html>

October 31 tax return deadline looms for property investors

<html><body>
Aussie Home Loans founder and executive chairman John Symond is encouraging borrowers to fix at least a portion of the mortgage repayments after the mortgage broker became the latest lender to cut its fixed-rate product suite.
Aussie has cut its three-year fixed rate to 6.29% per annum, pointing out that this is “considerably lower than the average advertised standard variable rate of the four major lenders at 7.8%”.
It beats the three-year fixed rate of 6.48% <a target="_blank" href="https://www.propertyobserver.com.au/news/commonwealth-bank-cuts-fixed-home-loan-rates/2011080951090">being offered by the Commonwealth Bank</a>, which owns a third of Aussie.
According to mortgage comparison website Ratecity.com.au, Aussie (alongside AMP) now offers the third cheapest three-year fixed rate product behind Newcastle Permanent (5.99%) and Homestar Finance (6.25%).
Symond points out that the RBA would have to cut the cash rate six times (assuming cuts of 25 basis points) to bring it in line with its current fixed-rate offering and says the time is right for home owners to consider locking in at least part of their mortgage, as the current fixed rates are extremely competitive.
"Over the years I have advised people to stick with variable and pay off as much as you can in order to pay the loan off faster," he said. "However, with these competitive rates, it makes sense to lock away part of your loan as an insurance policy against global uncertainties," he adds.
"The cost of funding is quite high and while the current round of aggressive fixed rates may be good news for consumers, they may not last forever, so it pays to look at your home loan now," he says.
<table border="0" cellspacing="0" cellpadding="0" align="left" style="width: 470px;">
<thead><tr>
<td></td>
<td>
Aussie Optimizer Fixed Rate
</td>
<td>
Comparison Rate* Aussie Optimizer Fixed Rate Converting to Aussie Optimizer 
</td>
</tr></thead>
<tbody>
<tr>
<td>
1 year fixed
</td>
<td>
6.33%
</td>
<td>
7.65%
</td>
</tr>
<tr>
<td>
2 year fixed
</td>
<td>
6.39%
</td>
<td>
7.52%
</td>
</tr>
<tr>
<td>
3 year fixed
</td>
<td>
6.29%
</td>
<td>
7.37%
</td>
</tr>
<tr>
<td>
4 year fixed
</td>
<td>
6.59%
</td>
<td>
7.36%
</td>
</tr>
<tr>
<td>
5 year fixed
</td>
<td>
6.69%
</td>
<td>
7.31%
</td>
</tr>
</tbody>
</table>
 
 
</body></html>

Now may be the time to fix your mortgage: John Symond

<html><body>
The mortgage broking industry has been toasted at the 10th Australian Mortgage Awards marking a year during which brokers strengthened their market participation but gave up more power to the major banks.
According to the most recent JP Morgan/Fujitsu Mortgage Industry Report mortgage brokers are now writing about 43% of new home loans in Australia, just below the pre-GFC peak of 45%, but power has shifted further towards lenders.
The awards follow a challenging 12 months for the industry, with housing credit growth slowing and brokers now operating under a stricter ASIC compliance and licencing regime.
The announcement of winners also coincided with the <a href="https://www.propertyobserver.com.au/industry-news/refund-home-loans-in-administration/2011101451935" target="_blank">collapse of one the biggest mortgage broking franchises, Refund Home Loans</a>.
The major banks scooped up three awards on the night, with Westpac judged to have the best internet presence, NAB Broker winning the best industry advertising campaign and the Commonwealth Bank’s Natasha Kelso named the best bank business development manager.
Multiple award winners included Oxygen Home Loans, the mortgage broking arm of John McGrath’s real estate business, which scooped independent brokerage of the year (six or more staff) and Australian brokerage of the year.
The mortgage broking awards follow McGrath’s Neutral Bay/Mosman/Northbridge office winning the Franchise Council of Australia’s national Community Service Award following its involvement with 14 community groups during the last 12 months. 
Melbourne-based The Australian Lending and Investment Centre picked up three gongs on the night including new brokerage of the year and Australian broker of the year for its loan writer, Mark Davis. 
One of the industry’s most successful mortgage brokers, Wendy Higgins, operator of Mortgage Choice’s Glenelg franchise in the western suburbs of Adelaide, took home the Golden Morgie for lifetime achievement. 
South Australian franchise Club Financial Services picked up two awards, as did mortgage aggregator Connective, both to its BDM Fiona Brown. 
While it did not take home any of the prizes, Century 21 Home Loans received four nominations including ‘Best Customer Service from an Individual Office’ (Century 21 Home Loans/Solution Funding, Dural), Commercial Broker of the (Scott Colless, Broker of the Year (Franchise) - Geoffrey Slater, and Franchise Brokerage of the Year - Century 21 Home Loans Mayland. 
<a href="https://www.australianmortgageawards.com.au/winners/" target="_blank">Click here for a list of all the winners.</a>
</body></html>

Major banks among the winners as mortgage brokers celebrate industry growth

<html><body>
Despite a stalling property market, Victorian households remain the most comfortable about their financial position, according to the latest ING Direct Financial Wellbeing Index, which surveyed more than 1,000 household financial decision makers at the end of September and start of October.
Victorian households enjoy Australia’s highest level of financial wellbeing, with an Index score of 110.1 compared with a national index score of 105.9.
The state’s residents lead the nation for comfort levels across three leading indicators including comfort with their mortgage (5.6 out of a possible 7), household income (4.19) and personal savings (3.58).
The survey also reveals that Victoria has the highest proportion of landlords, with one in five respondents earning rental property income, compared with a proportion of between 17% and 18% in the other states and a national average of 18%.
In contrast, NSW households have the greatest preference for the share market, with more than a third (36%) having investments in listed companies compared with a national average of 30%.
NSW households are also feeling more comfortable about their financial situation, with the state index rising to 108.0 in the third quarter, up from 104.5 in the second quarter.
Mortgage holders in NSW feel as comfortable about their level of mortgage debt as those in Victoria while NSW households are also the most comfortable about paying their regular bills scoring a comfort rating of 3.99 out of 7 compared with 3.84 nationally.
In addition, NSW households are more likely to renew spending in time for the festive season than residents of any other state, with 33% saying Christmas is the circuit breaker that will revitalise their spending.
Only a quarter of Victorians say they will increase their spending over the Christmas period, according to the survey.
<img src="/images/stories/ingoct19.gif">
Source: ING Direct
Queenslanders are the least comfortable about their finances with the “challenge of rebuilding disaster-ravaged households” taking its toll on financial wellbeing.
The Queensland Index is 97.3, down from 105.2 in the second quarter, with median household income falling to $62,518 in the third quarter compared with $72,737 nationally. Median household savings are worth $2,905, below the national figure of $7,812. One in four (24%) households has no personal savings, and 9% say they are falling behind on their mortgages.
Queenslanders are also the least likely to increase their spending in the lead up to the festive season. One in three (30%) don’t expect to loosen the purse strings in the foreseeable future.
However, there are some bright spots for Queensland. Median figures for household credit card debt and home loan balances show Queenslanders are about on par with national figures.
Financial wellbeing has also declined in WA, with the state’s index score dropping to 105.9 in the third quarter down from 107.4 in the second quarter. 
The overall Financial Wellbeing Index for the third quarter climbed to 105.9  – a rise from its lowest level in the first quarter of the year (104.8) and second quarter (105.8), indicating confidence is improving.
“Despite a volatile quarter in financial markets, Australian households are proving their resilience as they get debt under control and build a strong savings base,” says Don Koch, CEO of ING Direct.
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Victorians most comfortable with their mortgages: ING Direct

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The nation’s biggest mortgage lender was one of 36 lenders that cut their fixed rates in October. 
The Commonwealth Bank cut its five-year fixed rate by 85 basis points to 6.89% in October, the biggest fixed-rate cut of all the major banks, according to RateCity.com.au. 
All the major banks have cut their fixed rates by at least 50 basis points for spring, according to the mortgage comparison website. 
Since the first of August this year, 90% of mortgage lenders have lowered some of their fixed rates, with some cutting fixed rate home loans by as much as 140 basis points in that time. 
The average three-year fixed rate is now 6.61% compared with 7.43% at the start of the year. 
Newcastle Permanent Building Society is offering a three-year fixed rate of just 5.99%, equating to repayments of just over $1,600 on a $250,000 mortgage – the lowest fixed rate of all lenders, according RateCity.com.au. 
"On average, three-year fixed rates have dropped by 66 basis points since the start of August, while five-year rates have fallen by 68 basis points on average. The three-year fixed rate has moved nine basis points in the first half of October alone,” RateCity.com.au Damian Smith says. 
"For a $300,000 mortgage, if you took up the average three-year fixed rate now compared to August 1, your repayments would be $122 less per month, saving you around $4,400 over three years. 
"Take up the lowest available three-year fixed rate now and the savings would be closer to $7,000 after three years," he says.
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CBA leads big bank rate cut as 36 lenders cut fixed rates in October

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More than two-thirds (70%) of lenders are now requiring a deposit of as little as 5% in an effort to encourage more borrowing and to “kick-start” a sluggish mortgage market, according to comparison website RateCity.com.au. 
“Almost 70% of home loans in our database now offer up to 95% of a home's purchase price, which is the highest loan-to-value ratio levels we've see in more than two years, up from 49% 12 months ago," says RateCity CEO Damian Smith. 
“All major four banks now offer home loans with up to 90% LVR while Commonwealth, NAB and Westpac also offer up to 95% LVR on some of their home loans.” 
Lenders are relaxing borrowing criteria, having already used the other levers – negotiating on rates and fees and cutting fixed rates – available to them in the absence of an official interest rate cut. 
It comes as expectations of rate cut on Melbourne Cup Day subside on the back of a drop in unemployment. 
"There’re three things lenders can do in the absence of a rate change from the Reserve Bank. First, they negotiate on rates and fees – we’ve seen ads from the big four showing their willingness to negotiate variable rates, and we think many borrowers should be able to get variable rate loans well below 7%,” Smith says. 
“Second, they’re continuing to cut fixed rates. The average three-year fixed rate is now 6.62%, versus 7.38% in July this year, with the lowest at 6.25%. 
“But finally, they’re also proving willing to lend to people with less deposit or equity, by increasing the loan to value ratio. This means many more potential borrowers are 'eligible' for loans than might have been the case just 12 months ago.” 
Home loans with up to 95% LVR over the past 12 months
<div align="center">
<table cellpadding="0" cellspacing="0" border="0" style="width: 470px;"><tbody>
<tr>
<td nowrap width="20%"></td>
<td width="41%">
Number of loans with up to 95% LVR
</td>
<td width="37%">
% of RateCity database *
</td>
</tr>
<tr>
<td nowrap width="20%">
Sep-11
</td>
<td nowrap width="41%">
1,690
</td>
<td nowrap width="37%">
66%
</td>
</tr>
<tr>
<td nowrap width="20%">
Mar-11
</td>
<td nowrap width="41%">
1,532
</td>
<td nowrap width="37%">
59%
</td>
</tr>
<tr>
<td nowrap width="20%">
Sep-10
</td>
<td nowrap width="41%">
1,088
</td>
<td nowrap width="37%">
50%
</td>
</tr>
</tbody></table>
</div>
Please note: total home loans monitored by RateCity, the total number of home loans available varies month to month. Source: RateCity. 
According to RateCity, there were more than 40,000 fewer first-home buyers in the last 12 months compared with the average of the last four years.
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Lenders enticing borrowers with low deposit requirements

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<h1>Mortgage broking group Refund Home Loans has been placed into voluntary administration, but several buyers are considering acquiring the business, which has more than 350 franchisees and a substantial stake in the growing alternative home loan market.</h1>
The announcement comes just 18 months after the Australian Competition and Consumer Commission slammed the company and Ormond, after he admitted making false and misleading statements to franchisees about an agreement with the ACCC itself.
It also comes just two weeks after BRW again named Ormond as one of the wealthiest people under 40 in Australia, with his fortune rising $5 million to $33 million.
Ormond declined to comment.
However, a company spokesperson said the company had endured "a difficult 12 to 18 months".
"Banks have been tightening up their lending to small business, and that's just the reality of the situation. They've made it particularly hard," the spokesperson says.
"The company is effectively under-funded, and we have director responsibilities. So there, the banks had no choice but to put in a voluntary administration."
Refund has suffered since the beginning of the year, especially in Queensland, where the property sector has suffered due to the January floods.
However, the spokesperson confirmed that four buyers are current involved and franchisees – who are still operating – are also looking at purchasing the business.
The company hopes to use the company's strong brand as leverage, along with its scope – the company has a loan book worth $2 billion.
While the company does have $2.5 million in debt, the spokesperson says this is "a small amount of debt considering the company's valuation".
It is understood the administration does not affect either the real estate or financial planning divisions of the business. A sale process is currently underway, led by administrators SV Partners.
It is unknown whether competitors are eyeing a stake in the company, although the company's substantial franchisee footprint would be very attractive to a number of existing players.
Two other businesses operated by Ormond, Refund Real Estate or Refund Financial Planning, are not in administration and are unaffected.
Ormond launched Refund back in 2003, after working in the banking finance industry. The company's model is based on providing a refund of any commission it receives from lenders.
The business has experienced substantial growth over the past few years, with its franchisees growing to more than 350, carving out a significant portion of the growing market for mortgage products sourced from outside the big four banks.
Refund appeared in the SmartCompany Smart50 list of Australia's fastest-growing small and medium enterprises during both 2008 and 2009, ranked as sixth and 43rd, respectively.
This article originally appeared on <a href="https://www.smartcompany.com.au/finance/20111017-refund-home-loans-falls-in-administration-but-buyers-waiting-in-the-wings" target="_blank">SmartCompany</a>.
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Refund Home Loans in voluntary administration but buyers waiting in the wings

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Anyone who has ever had to pay off a mortgage will tell you they would love to pay it off before the term, but most people will continue to chip away at their loan on autopilot. A proactive strategy can cut your loan term from 30 years to less than half in some cases.
<ol start="1">
<li>Pay your mortgage as you receive your income, e.g. fortnightly. Doing this cuts down on interest payable and will save you a lot of money over the course of your home loan. If you are super focused, pay your mortgage weekly, which will reduce interest further again.</li>
<li>Set up an automated recurring payment for your mortgage payments. This is usually free of charge and means that you are always on time and can’t overspend on other things, leaving you short to meet your payment obligations.</li>
<li>Park the large lump sum into your mortgage account e.g. if you get $2,000 back from your tax return, receive dividends from other investments or get bonus payments from your job, make a large payment towards your mortgage. These large lump sums can cut years worth of interest off the loan.</li>
<li>List your regular expenses and you will find 1 or 2 items that you can do without. This will make a big difference to either your cash flow, freeing up disposable income to park in your mortgage account.</li>
<li>Make a habit of going only to the ATMs of your bank. The charges (usually $1 to $2.50 per transaction or account enquiry) can easily add up to a nice little amount that can remain in your pocket rather than a banks or ATM provider or go towards your loan. (see #6)</li>
<li>Increase your repayments while rates are stable. You can cut up to two years off the lifespan of your loan by paying an extra $20 to $50 on each payment. This may just mean cutting out an extra cup of coffee here or there or once a week taking lunch to work rather than buying it occasionally.</li>
<li>Have your wages paid directly into your home-loan account - you will need a loan with re-draw or line-of-credit type facility so you can have unlimited access the funds for living expenses etc. This will greatly reduce the interest that you pay as the interest is debited at the end of the month and usually calculated daily.</li>
<li>Offset your loans with a savings account. This is called mortgage offsetting, where as the amount in your savings account (earning interest) is calculated/subtracted against the actual interest charge against the loan amount, then the interest is calculated only on the balance. For example, if your loan is $400 000 and you have $100 000 in savings, this equate to $300 000 on which you actually pay interest. This of course greatly reduces the amount of interest you effectively pay and will save you years on your home loan.</li>
<li>Perform a mortgage health check. Sometimes you just have to admit your loan might not be the best for you anymore. Your loan may have been superseded as a product. Interest rates may have changed drastically, leaving you better off with a variable rate than a fixed one. In that case, look at re-financing whether it is with your existing lender or a different one. Go to a home loan lender or broker to make sure you do get the best deal. Don’t just go to one provider as usually they will only offer you their products. To get a full scope of available options talk to a specialist who has access to various funds and lenders. They are in a competitive market and will try to gain your custom – let them earn it.</li>
<li>When re-financing, consider pooling or consolidating any other loans eg. (car or personal) and credit cards (with a much higher interest rate) into the one loan as the savings often will outweigh the slightly higher loan amount. 
</li>
</ol>
To give your home loan the free ‘home loan heath check-up’ log onto <a href="https://www.amohomeloans.com.au">www.amohomeloans.com.au</a> 
Robert Projeski is the MD of multiple award-winning independent lender <a target="_blank" href="https://www.amo.com.au">Australian Mortgage Options</a>. 
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