Buyers considering a residence at boutique Gordon townhouse development <a href="https://www.apartments.com.au/new-townhouses/lume-gordon-43-47-dumaresq-street-gordon-nsw-2072">Lume</a>&nbsp;now have another reason to bring forward their decision.

For a limited time, purchasers of a residence at Lume will receive a BMW iX3 50 electric SUV, valued at more than $120,000, as part of their purchase. The offer is designed to add value for buyers while complementing the lifestyle envisioned for the architecturally designed Upper North Shore development.

Scott Timmins, Development Manager at <a href="https://www.apartments.com.au/developers/winim">WINIM</a>, said the partnership was created to provide buyers with a compelling reason to act.

"In today's market, buyers need a compelling reason to act now, and the BMW partnership was designed to create that catalyst. We wanted to add genuine value for our future purchasers. Choosing the all-electric BMW iX3 50 also reflects the values behind LUME, forward-thinking design, innovation and a more sustainable way of living. It's a premium incentive that complements the lifestyle our buyers aspire to and rewards those who commit early."

[smartcode_project:default project_id=7354 project_image_fid=374893]

Delivered by WINIM in partnership with Burtonwood Investment Partners, Lume comprises 14 architecturally designed two, three and four-bedroom townhomes created for families seeking the space of a freestanding house with the ease of modern, low-maintenance living.

The three-storey residences, designed by award-winning architecture practice <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, have been tailored for families and multi-generational living, featuring private internal lifts, flexible lower-level spaces, generous open-plan living and entertaining areas, media rooms, and landscaped outdoor spaces with custom outdoor kitchens.&nbsp;

Inside, engineered oak flooring, bespoke dining joinery with integrated wine fridges and backlit bars, sculptural porcelain bathrooms, Parisi freestanding baths and Astra Walker tapware create interiors that balance functionality with refined finishes.

Each townhome has been designed to combine generous internal spaces with sustainability initiatives such as EV charging infrastructure, while <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>'s landscaped communal areas, centred around a restored creek line and native planting, encourage residents to connect with nature and spend more time outdoors.

[smartcode_project:default project_id=7354 project_image_fid=269527]

Rothelowman's Gary Tsui said the architecture was conceived to respond carefully to its Upper North Shore setting.

"Our vision was to create elegant, uplifting homes that draw on and positively contribute to the local character through meticulously considered design and an interaction with the surroundings."

The communal landscape has been designed as more than an open space between homes. Arcadia's Ben Newell and Kate Phillips said the adjoining reserve provided an opportunity to create a distinctive natural retreat for residents.

"Just as waterways carve their way through Ku-ring-gai's landscape, a raised boardwalk weaves through the reserve, connecting the homes to this tranquil oasis."

[smartcode_project:default project_id=7354 project_image_fid=374892]

Located just 300 metres from <a href="https://www.apartments.com.au/developments/gordon-nsw-2072">Gordon</a> Village and Gordon railway station, Lume offers convenient access to Sydney's CBD while placing residents close to some of the North Shore's leading schools, including Ravenswood, Pymble Ladies' College and Knox Grammar. Lane Cove National Park, Gordon Golf Club and a range of cafés and restaurants further reinforce the family-focused lifestyle on offer, with the BMW iX3 50 complementing everything from local trips around Gordon to weekend drives and city commutes.

Construction is underway with completion expected in mid-2027.

[smartcode_project_cta:default project_id=7354]

Joel Robinson

Boutique Gordon townhomes now come with a BMW iX3 50

Two apartments have sold for more than $10 million at EADE Byron Bay, setting some of the highest apartment prices ever achieved in the coastal town and underlining the growing appetite for luxury beachfront apartments in Australia's most popular coastal locations.

The $210 million project by Vitale Property Group has now secured more than $70 million in sales, led by residences that changed hands for $12.75 million and $11.75 million.

The record-breaking transactions reinforce the shift occurring in Byron Bay's premium property market, where affluent downsizers and lifestyle buyers are increasingly opting for high-end apartments over large beachfront homes.

<a href="https://www.apartments.com.au/new-apartments/eade-byron-bay-29-shirley-street-byron-bay-nsw-2481">EADE Byron Bay</a> occupies a rare 6,000 sqm absolute beachfront site on the corner of Shirley and Milton Streets overlooking Main Beach and The Wreck surf break, just 350 metres from Byron Bay's town centre.

The 25-residence development is the first beachfront apartment project approved in Byron Bay in more than a decade and is currently under construction, with completion expected in May 2027.

[smartcode_project:default project_id=145590 project_image_fid=359521]

The project has attracted a mix of local Byron Shire residents downsizing from larger homes, alongside interstate buyers from Sydney, Melbourne and Brisbane seeking a permanent coastal lifestyle without compromising on space.

Designed by <a href="https://www.apartments.com.au/architects/hayball">Hayball</a> and with interiors by <a href="https://www.apartments.com.au/interior-designers/alexander-co">Alexander &amp; Co</a>, EADE comprises&nbsp;10 garden apartments ranging from 284 sqm to 622 sqm, nine with private pools, five full-floor apartments and 10 rooftop residences with private plunge pools, expansive outdoor entertaining areas and uninterrupted ocean views.

[smartcode_project:default project_id=145590 project_image_fid=359527]

<a href="https://www.apartments.com.au/developers/vitale-property-group">Vitale Property Group</a> Managing Partner Chris Vitale said the project's combination of scale, location and limited future supply was driving buyer demand.

"There isn't another beachfront holding in Byron Bay of this size and position that could be developed again," Vitale said.

"Buyers are responding to the scarcity and the irreplaceability of a site of this calibre and to floorplans they can't find elsewhere in the market.

"We are seeing buyers place significant value on quality, space, design, resort-style amenities and the rarity of the location. The sales achieved to date demonstrate that discerning purchasers recognise the long-term significance of what is being created at EADE Byron Bay.

"Many are coming from larger homes in the Byron region, or from Sydney, Melbourne and Brisbane, and are after the space, security and convenience, without the upkeep of a house."

&nbsp;

[smartcode_project:default project_id=145590 project_image_fid=359523]

The Byron Bay project follows Vitale Property Group's delivery of the Mondrian Hotel and Private Residences at Burleigh Heads, with EADE continuing the developer's focus on luxury coastal developments.

Residents will have access to a resort-style swimming pool, gymnasium, sauna, cold plunge pool, concierge services and dedicated workspaces, while the project is targeting an 8-Star Green Star rating.

EADE Byron Bay is being exclusively marketed by Projx Australia in conjunction with WHITEFOX Projects.

WHITEFOX National Projects Director Phillip Rand said demand had been driven predominantly by owner-occupiers.

"We are seeing buyers at EADE place significant value on quality, space, design, resort-style amenities and the rarity of this location," Rand says.

"The sales achieved to date demonstrate that purchasers at this level recognise the long-term significance of what is being created at EADE Byron Bay."

Residences at EADE Byron Bay are currently priced between $4.75 million and $15.95 million.

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[smartcode_project_cta:default project_id=145590]

Vitale breaks Byron Bay records with EADE sales flurry 

When buying an apartment, most people compare the big-ticket items first. Floorplans. Kitchens. Balcony size. Natural light. The view.

But there's one everyday consideration that often doesn't come up until after moving in: how parcels are delivered.

As online shopping has become part of everyday life, parcel deliveries have shifted from an occasional event to a regular occurrence. Australians spent a record $82.6 billion shopping online in 2025, with almost one in every four retail dollars now spent digitally.

For apartment residents, that can present a challenge.

If nobody is home to accept a delivery, parcels may be redirected to a nearby Post Office, left in a building lobby or common area, or require building management to step in. In higher-density buildings, where dozens or even hundreds of residents may receive deliveries each day, parcel management has become an increasingly important part of everyday living.

That can create a range of frustrations. A missed delivery often means making time to collect a parcel elsewhere, while packages left unattended in foyers or mail areas can create clutter and increase the risk of theft. What seems like a minor inconvenience can quickly become a recurring issue for residents who shop online regularly.

It's one of those details that rarely features in a display suite but can have a noticeable impact once residents move in.

As a result, buyers are beginning to look beyond traditional apartment features and consider how a building supports day-to-day convenience, including whether there are secure options for receiving deliveries.

Australia Post's Parcel Lockers provide one solution.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/CkF2oKmlACg?si=C50sDaoUUn2nuLmq" title="YouTube video player" width="560"></iframe>

Rather than having a parcel delivered directly to an apartment, eligible deliveries can be sent to a nominated Parcel Locker. Once the parcel arrives, residents receive a notification through the AusPost app or SMS and can collect it using a QR code or one-time PIN at a time that suits them.

The Parcel Locker network now includes more than 1,500 locations nationwide, with installations at Post Offices, shopping centres, transport hubs and an increasing number of residential developments. By providing a secure collection point, Parcel Lockers help reduce missed deliveries and avoid parcels being left unattended in common areas.

For developers, parcel infrastructure is becoming another way to improve the resident experience. Rather than relying on concierge staff or leaving parcels in communal spaces, secure collection points help streamline deliveries while preserving the presentation and functionality of shared areas.

For buyers, it's a reminder that the best apartment features aren't always the most obvious.

A generous floorplan or quality finishes might help narrow the shortlist, but the conveniences that simplify everyday life, whether that's EV charging, secure bike storage or reliable parcel delivery, often become the features residents appreciate most once they're living there.

The apartment feature many buyers don't think about, until their first missed delivery

<a href="https://www.apartments.com.au/developers/hg-developments">HG Developments</a> is doubling down on Maud Street in Newstead, filing plans for a new apartment tower just a few doors down from its under-construction Aire Newstead development.

Recently submitted to Brisbane City Council, the proposal is for an 18-storey building designed by bureau^proberts, which has drawn heavily on Brisbane's subtropical design principles while referencing the suburb's industrial heritage.

A total of 64 apartments are planned for the amalgamated 1,518 sqm site at <a href="https://www.apartments.com.au/new-apartments/17-21-maud-street-newstead-qld-4006">17–21 Maud Street</a>, a short walk from the Brisbane River and Newstead Riverwalk.

<img alt="First look: HG Developments plans 18-storey subtropical apartment tower for Newstead" data-entity-type="file" data-entity-uuid="a400c7fd-bd15-48f8-a63b-10ede92efe00" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Maud%20st%20bldg.png?VersionId=.0vPmjpbC7CNP7kqGWa6L7rGIwsNExaw" />

"The building is defined by a series of vaulted motifs that reinterpret the arches, colonnades and layered facades evident throughout Newstead's historic built fabric," the Urban Design Report states.

"Combined with recessed glazing and generous balconies, these elements create a layered building envelope that provides shade, weather protection and opportunities for natural ventilation whilst establishing a distinctive architectural identity."

The proposal comprises 64 two, three and four-bedroom apartments across 18 residential levels, positioning it alongside a growing number of taller residential projects transforming Newstead's northern precinct. The tower incorporates extensive subtropical landscaping, with cascading planter boxes, deep planting at street level and a landscaped rooftop recreation area.

<img alt="First look: HG Developments plans 18-storey subtropical apartment tower for Newstead" data-entity-type="file" data-entity-uuid="1d8140f4-8b98-45cd-b1b8-1efe8c8e266b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Maud%20st%20podium.png?VersionId=VAZtbCoD44YCJ57N99fQCAKeSJx7ldZs" />

Bureau Proberts has prioritised passive environmental design throughout the project, with generous balconies, recessed glazing and operable façades helping reduce solar heat gain while maximising natural ventilation. River views become available from the upper levels, while the building has been orientated to capture prevailing breezes from both the Brisbane River and the west.

The architects say landscape is intended to be integral to the building rather than an applied element.

"Vertical greenery, cascading planter boxes and elevated gardens are woven throughout the architecture, softening the built form and strengthening the connection between residents and the subtropical environment."

"Through the integration of landscape, high-quality materials and passive design principles, the development delivers a refined residential address that celebrates Newstead's heritage character while contributing positively to Brisbane's evolving subtropical identity."

Newstead has remained one of Brisbane's most active apartment markets in recent years, with a number of developers continuing to back the inner-city suburb.

HG Developments is currently delivering the 40-apartment Aire Newstead at 25 Maud Street. Fortis recently launched the 65-apartment <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a> on Kyabra Street, while builder-developer BPG and Don O'Rorke's Consolidated Properties are both expected to launch their respective Newstead projects before the end of the year.

HG Developments doubles down in Newstead with second Maud Street apartment development

Walk past a new apartment development promoting its sustainability credentials and it's easy to picture rooftop gardens, mature trees, landscaped courtyards and residents surrounded by nature.

But in many cases, that's not actually what those sustainability ratings guarantee.

Australia's leading environmental rating tools have played a significant role in improving the energy efficiency and environmental performance of buildings. Yet despite their focus on reducing emissions, many don't require developers to include trees, biodiversity or meaningful green space.

In other words, a building can achieve one of the country's highest sustainability ratings while containing little more than concrete, glass and hard landscaping.

That disconnect has led to the emergence of a new movement across Australia's property industry: nature-based cities.

The concept goes beyond designing buildings that consume less energy. Instead, it encourages developers to treat nature as essential infrastructure, integrating biodiversity, tree canopy, living landscapes and green spaces into projects from the earliest stages of planning.

Research has consistently linked access to nature with better physical and mental health, cooler neighbourhoods, improved biodiversity, stronger climate resilience and more connected communities. As Australia's cities continue to become denser, advocates say those outcomes should be considered just as important as energy efficiency.

Nature Based Cities (NBC) was established in 2022 to help accelerate that shift.

Founded by Hamton Executive Chairman Paul Hameister OAM, the not-for-profit was created after research highlighted a significant gap in Australia's sustainability framework. While existing environmental rating tools rewarded energy performance and emissions reductions, they placed little emphasis on the inclusion of living landscapes.

"We've always wanted to do more, and we know other developers who want to do more, but the ESD rating tools just aren't there," Hameister says.

"In Australia, you can have a five-green-star rated building that's concrete and glass with not a blade of grass.

"The focus is on reducing emissions, which is laudable, but there hasn't been enough attention paid to protecting and re-establishing nature. We need both for the health of the environment and for communities."

Since its launch, NBC has developed independent design guidelines and accreditation frameworks that encourage developers to prioritise ecology, biodiversity, tree canopy, walkability and living landscapes alongside traditional sustainability measures. The organisation first focused on medium and high-density residential developments before recently expanding into precinct-scale communities and masterplanned neighbourhoods.

Jan Talacko, founder of sustainability consultancy Ark Resources and a member of the Nature Based Cities Advisory Council, says the initiative addresses an area that has largely been overlooked by the property industry.

"Throughout my 25 years of working collaboratively with all stakeholders in the property sector, I've always favoured a pragmatic approach to sustainable design which encourages initiatives that not only meet environmental expectations but also improve amenity," Talacko says.

"Whilst we are making steady progress in relation to energy and carbon emissions from buildings, there has been much less emphasis on encouraging biodiversity and tackling the urban heat island effect.

"The Nature Based Cities initiative responds to a gap in the suite of tools currently used by the property development sector, which don't provide sufficient incentive, or recognition, for the integration of landscaping and greenery."

For apartment buyers, the shift is also changing the questions worth asking.

Rather than assuming a sustainable building will naturally include abundant green space, buyers are increasingly being encouraged to look beyond environmental ratings and ask what nature is actually being delivered. How much tree canopy will the development create? Has biodiversity been considered? Are landscaped spaces designed for people as well as appearance?

As Australia's cities continue to grow upwards and outwards, the next generation of sustainability may not simply be measured by lower emissions, but by how successfully developments bring nature back into everyday urban life.

What does it really mean for a building to be 'green'?

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>

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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?

Prominent New Zealand apartment and hotel operator, <a href="/developers/safari-group">Safari Group</a>, is offering up a prime investment opportunity for Australians to purchase off the plan in one of the world’s most popular ski destinations.

They recently took to market Mountain Oak Queenstown Apartments, in the growing precinct of Remarkables Park in Frankton, near the airport and at the foot of The Remarkables - the mountain range the locals like to call “The Remarks”.&nbsp;

Sydney investors have shown interest in the one, two and three-bedroom apartments that secure high-season occupancy six months over the year, primarily over summer and winter months.

They average 90 per cent occupancy across their portfolio over January, February, March, August, November and December, while shoulder season months of April, July, September and October are still occupied 70 per cent of the time, with the growing appeal of Queenstown becoming not just a hotspot for the snow, but a lifestyle destination.

Even in the low seasons of May and June, occupancy levels reach around 40 per cent.

<img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Ext_Cam15_Sunny.jpg?VersionId=SJAROUM_1s.Tr5ciMk4EEj5oAt_Vewmv" />

Safari’s Safari Hotels arm can also manage the holiday letting for an investor, from the listing on holiday accommodation websites such as Airbnb and Booking.com to the cleaning and maintenance of the investment. They’ve been in the short stay management business for 15 years and offer 24/7 support for investors, an important convenience benefit for any overseas investor

Another major drawcard for Australians is that New Zealand doesn’t have a stamp duty policy - so the entry price of NZ$639,000 (AU$586,000), is all that is payable on completion.

<img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/313_Livingv2_WEB.jpg?VersionId=nV229fM0ZeYpoxOrX372HyGjfwY_LR8c" />

Safari is starting construction of the 141 apartments in Q2 this year, with a two-year build estimated to complete in mid-to-late 2027.<img alt="" data-entity-type="" data-entity-uuid="" height="15" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXczFpFAb7WuA6f4f9TtKWcqXyNwR8qqtakWv352ERkpqNlP3KwIo8YKxw67jZNHfpjEGIZGv5MQTbnvLZwNt8iu9IVdOrswOjCvBZ4zhSoOOLrpt6etVEZTN1gkBho0r_R72zdHNA?key=yq3daOanqHSb88QFd8jGYKdb" title="Click and drag to move" width="15" />​

The apartments will feature modern amenities and contemporary designs with expansive windows capturing sweeping views of The Remarkables mountain range.&nbsp;

Interiors are equipped with modern finishes, premium appliances, and secure electronic key-locked doors, ensuring a comfortable living experience for residents and guests alike.

With its strategic location near Coronet Peak and Cardrona Alpine Resort, as well as key retail and dining precincts such as Market Street, Five Mile Shopping Centre, and Remarkables Market, Mountain Oak offers a strong proposition for investors seeking high rental yields and capital appreciation in one of New Zealand’s most sought-after locations.&nbsp;

Queenstown’s sustained demand for visitor accommodation and rental properties is underpinned by a shortage of housing options, attracting both local and international buyers.

Safari Group offers low-touch investment proposition in Queenstown’s popular ski fields district

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Lachlan and Sarah Murdoch's Le Manoir, the 1928 Bellevue Hill estate, is set to get an $11.6 million redevelopment.
The SJB architectural plans are currently on display at Woollahra Council.
It involves alterations and additions to the existing mansion plus a new pool and pool house. It includes "construction of a new garage with security access areas with subterranean access to the dwelling".
The Murdochs paid $23 million for the mansion in late 2009. They also spent $2.63 million on an adjoining property in 2010.
Set on a 4,097-square-metre battleaxe block, Le Manoir had previously traded at £26,000 in 1956 when bought by the French government from May McDonald, the New Caledonian-born widow of solicitor Roy McDonald, who was the founding president of the Hydroponic Society of Australia.
Woollahra Library records indicate its design for the McDonalds was by Copeman and Lemont after the land was hived off the 1919 Rocky Park subdivision undertaken by jeweller Melen Myers.
The sale by the French government ranked among the 1,700 properties listed for sale in posts across the world as it sought to reduce its debt burden after the global financial crisis.
<a href="https://www.propertyobserver.com.au/new-south-wales/lachlan-and-sarah-murdoch-re-list-their-bronte-house/2011092251653">Lachlan Murdoch, the former Bronte-loving media tycoon, and his model wife, Sarah, have yet to sell their Bronte house.</a>
In the meantime they have a lease on Coolong, the Vaucluse beachfront residence of expats Ivan and Marina Ritossa.
It's the house the Murdochs wanted before they outbid nine other parties at the November 2009 auction of Le Manoir through Raine &amp; Horne Double Bay agent Michael Pallier.
Coolong set the Sydney residential record when the Allco founder David Coe secured $45 million from the Ritossa family in 2008.
The Sydney record is now held by Villa Veneto, which the Banks family sold for a reputed $53 million in August 2010 through LJ Hooker agent Bill Malouf.
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jchancellor-FAypfDUnLy

Lachlan Murdoch calls in the renovators with $11.6 million plans for Bellevue Hill

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Following an extensive career in the real estate industry, Lauren Staley realised there was an opportunity to launch a new sort of property service. 
In 2008, she launched <a title="Infolio" href="https://www.infolio.com.au/" target="_blank">Infolio</a>, a Melbourne-based buyers advocacy and property management company that also specialises in auction bidding, property negotiation and renovation guidance. 
What gave you the idea for the business?
I’d worked in the real estate industry and saw so many flaws with it. I realised there was a gap in the market for a true end-to-end property service that would help everyone involved in the process. 
We had to set strict criteria though – no property more than 15km from the CBD. We cap the development size we work with at 18 plots as it’s not a great yield. I’d seen how it could all be improved, over the years. 
<h2>There’s a lot of competition in this area, isn’t there?</h2>
Yes, but the thing was that I didn’t even think about the competition to start with, which was probably a big mistake. 
We started with a real machine gun approach as to who and what we targeted, which brought us to pretty much a zero bank balance. 
We mainly thought the service would be good for single or double income professionals. We tried radio advertising for a whole month and didn’t get a bite from the market. It just wasn’t targeted enough. 
<h2>So, what was your cash situation?</h2>
We were literally out of cash. The business had $150,000 to start-up with and, perhaps because we got a private investor on board, we didn’t quite value it. It wasn’t our money, so we didn’t try to make it count as much. 
I think it’s better to start from humble beginnings. It gives you more focus. When the GFC hit, it was a humbling experience. We prospered because we had to be resilient and not spend money that didn’t make us money. 
Our investor is no longer a shareholder as the business didn’t provide him a fast enough return. I suppose it seems silly to look a gift horse in the mouth, but I’m not sure if we’d be here now if we hadn’t learned how to do it the hard way. 
<h2>What did you do to turn things around?</h2>
We spent about four weeks talking to real estate agents and realised it would work best if they referred clients to us. 
It’s a reciprocal arrangement so that buyers don’t have to fight against estate agents. They work with them. 
A lot of people are time poor and realise that we can help out. 
<h2>What was it like launching just before the GFC?</h2>
It was absolutely frightening. Everything was doom and gloom, but we just had to be strong and resilient. 
I thought it would be easier, but the stress, the bills, the rent – it’s just 24/7. But we used it in a positive way. When you are fighting to sell your service, you are committed on another level.
When the market is hot, you don’t have to negotiate and it’s almost too easy. 
It’s strange, no one really asked how old the business was when we started. We were experienced in real estate, which helped, I think. 
We identified the main competition and looked at the main differences we could offer. We decided to charge a flat fee, rather than charge a percentage of the purchase price, like others do. 
Now, we get 80 to 90% of our business through referrals. 
 
<h2>What is the growth of the business now?</h2>
We are growing at a good rate now. We have eight people but the biggest issue is getting staff. It’s hard to get the right people who can do the job you need them to do.
We’re dealing with around 12 to 15 properties a month. We handled 100 properties last year, 90% of which were new clients. 
<h2>Do you have any particular ambitions for the business?</h2>
We want to continue to build a strong portfolio, which we’ll do by targeting online and social media. The dream is to open another office in Sydney, as lots of our clients are there. 
Our rent roll is what will provide us with our super. We have 250 at the moment – we want 1,000.
This article originally appeared on <a href="https://www.startupsmart.com.au/" target="_blank">StartupSmart</a>.
 
 
 
 
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cknowlton-QnEa6ntUYP

Lauren Staley: A new kind of property service

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The skyline of Brisbane could reach new heights with a 90-storey CBD tower approved by the council and set for 2015 completion.
<img src="/images/stories/111inside.jpg">
Developer Billbergia intends to build the 274-metre tower named 111+222 on the site of an abandoned Vision project bounded by Mary and Margaret streets.
It will stand 31 metres above Harry Triguboff’s Meriton Soleil tower, which was officially opened two weeks ago.
Billbergia bought the site for $40 million in 2010 in a liquidation sale of Austcorp’s failed $1 billion tower, which had been due for May 2012 completion before it went nowhere during the global financial crisis, leaving a water-logged eight-storey pit. The site previously sold for $24 million in 2004.
Billbergia has secured funding from AMP Capital.
The Bates Smart-designed development proposal was for two towers: a 36-level, 45,000-square-metre commercial office building at 111 Mary Street and a 92-level, 297-metre, 112,900-square-metre tower at 222 Margaret Street.
But aviation issues prompted Brisbane City Council to seek a cut in the height by 23 metres to 274 metres given concerns it would block radar signals from Brisbane Airport.
Billbergia spokesman Rick Graf said the company would appeal the decision to cut 23 metres.
The council approved the plans for the floor space.
<img src="/images/stories/111inside2.jpg">
The larger tower will be a commercial and residential development and will include a 380-room five-star hotel and 800 apartments. It will have room for 1,000 car parks across eight basement levels.
Spokesman Rick Graf confirms four major hotels are vying for rights to run the hotel in the mega tower.
Bates Smart has promoted the development as environmentally friendly with the north-facing rooftop of 111 Mary Street angled to incorporate a photovoltaic array, while the roof of 222 Margaret Street will incorporate wind turbines. It will come with a gas-fired trigeneration plant, which will provide on-site power generation.
As approved the project will come in as the fourth tallest building in Australia, although there are mooted plans to build a 280-metre tower on the former CUB brewery site in Melbourne, as well as a planned Southbank Tower that might peak out at 276 metres.
Currently Melbourne has four of the 10 tallest buildings in Australia, though Gold Coast takes position one.
The tallest building in Australia is Gold Coast’s Q1 tower, with its antenna reaching 323 metres. Completed in 2005, it’s the world’s third-tallest residential tower. The 80 level colossus was designed by Atelier SDG and Innovarchi and inspired by the Sydney Olympic Torch.
Second is Sydney’s iconic 309-metre Sydney Tower structure. Construction finished in 1981, and it cost $36 million. The tower features the Skywalk at 268 metres, which lets visitors walk around on a glass floor. It was designed by Donald Crone and Associates.
Third is Melbourne’s 297-metre Eureka tower in Southbank. Finished in 2006, the 91-storey building <a href="https://www.propertyobserver.com.au/developments/fender-katsilidis-ever-changing-place-in-melbourne-s-skyline/2011101351927" target="_blank">was designed by Fender Katsalidis</a>. The tower features the Eureka Sky Deck, which extends out of the building so visitors can look into the void.
Melbourne takes fourth place too with the 265-metre 120 Collins Street. The 52-level Hassell- designed building was completed in 1991. The postmodern building features a granite façade.
Collins Street again takes fifth place with the 260-metre 101 Collins. The 57-level office building was completed in 1991. Designed by Denton Corker Marshall, the lobby of the building features rows of imposing columns.
Melbourne’s 251-metre Rialto towers take sixth place in Australia. Designed by Gerard de Preu and Partners and Perrott Lyon Mathieson, the towers were finished in 1986. The construction was built on the former sight of the Victorian era Robb’s Buildings. Rialto became part of sporting history with its annual 242-metre stair race.
Perth gets a spot at number seven with the 249-metre Central Park Tower. Designed by Forbes and Fitzhardinge, the 51-level building was completed in 1992. The office block towers over Perth and includes a landscaped park.
Just behind is Perth’s latest 244-metre skyscraper, which has just topped out and is expected to open soon at number eight. Construction began in 2008 and it’s due to become to the global head office for BHP Billiton. It 46-level façade is a wall of glass.
The Gold Coast comes in on the list again at equal ninth with the 243-metre Soul tower. The 77-level tower has topped out and it is expected to open in 2012. The residential building in Surfers Paradise cost $850 million.
And at equal ninth Brisbane has the 243-metre Soleil Meriton building. The 76-level tower is set to open very soon as a series of serviced apartments with 10 levels of underground car parks.
 
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awalsh-7Ub9EypybQ

Brisbane tower set to be third tallest in Australia and loom over Harry Triguboff’s Soleil

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As the end of 2011 is fast approaching and Santa is less than two months away, owners and property managers should take a moment to think about the pros and cons of tenancy agreements expiring in December.  Now while in Victoria our legislation doesn’t allow us to enforce the re-signing of tenancy agreements, after the initial fixed period has expired and sometimes a tenant will be on a periodic lease or monthly tenancy and may in fact choose to vacate in December.
Having been a property manager for many years, I know we will never fully stop the above scenario from occurring or lease breaks happening or the execution of warrants during this time, but we can do something to reduce it happening.
Within my business it has always been our company policy that we don’t have fixed-lease agreements expiring in December and by that I mean, during the month of December when a property is leased, the tenancy agreement signed by the tenant and owner/agent will either be an 11- or 13-month lease.
So with my team, if the tenancy agreement is due to start anywhere between December 1 and December 10, we will prepare an 11-month lease.  Any time after December 11 will always result in a 13-month lease.  It just makes so much more sense to run a lease from the December 20 to the January 19, rather than from the December 20 to the December 19.
You will also need to consider what will happen in June each year – a six-month renewal could easily result in a vacant property just before Christmas.
So remember, December and especially Christmas time is crazy for all of us. So by implementing something so simple it will reduce any potential stress to owners and tenants alike. In my house, my husband’s motto is “happy wife, happy life!” so in business one of my motto’s is “Happy Owners = A Happy Team”! A win, win for everyone.
Leah Calnan is the director of <a href="https://www.metropm.com.au/" title="Metro Property Management homepage" target="_blank">Metro Property Management</a> in Victoria and is the chairwoman of the REIV Property Management Chapter.
 
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leahcalnan-pwE6GD6KY9

Tenants leaving in December a bad Christmas present

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<table border="1" cellspacing="0" cellpadding="0" style="width: 470px;"><tbody>
<tr>
<td width="248" nowrap valign="bottom">
Suburb  
</td>
<td width="120" nowrap valign="bottom">
Median Price 
</td>
<td width="147" valign="bottom">
Prior Peak 
</td>
</tr>
<tr>
<td width="248" nowrap valign="bottom">
Canterbury*
</td>
<td width="120" nowrap valign="bottom">
$1,860,000
</td>
<td width="147" valign="bottom">
$1,930,000
</td>
</tr>
<tr>
<td width="248" nowrap valign="bottom">
Hawthorn East*
</td>
<td width="120" nowrap valign="bottom">
$1,690,000
</td>
<td width="147" valign="bottom">
AT PEAK
</td>
</tr>
<tr>
<td width="248" nowrap valign="bottom">
Albert Park*
</td>
<td width="120" nowrap valign="bottom">
$1,600,000
</td>
<td width="147" valign="bottom">
AT PEAK
</td>
</tr>
<tr>
<td width="248" nowrap valign="bottom">
Brighton
</td>
<td width="120" nowrap valign="bottom">
$1,590,000
</td>
<td width="147" valign="bottom">
$1,955,000
</td>
</tr>
<tr>
<td width="248" nowrap valign="bottom">
Balwyn
</td>
<td width="120" nowrap valign="bottom">
$1,590,000
</td>
<td width="147" valign="bottom">
$1,610,000
</td>
</tr>
<tr>
<td width="248" nowrap valign="bottom">
Armadale*
</td>
<td width="120" nowrap valign="bottom">
$1,522,500
</td>
<td width="147" valign="bottom">
$2,061,000
</td>
</tr>
<tr>
<td width="248" nowrap valign="bottom">
Hampton*
</td>
<td width="120" nowrap valign="bottom">
$1,413,100
</td>
<td width="147" valign="bottom">
$1,543,500
</td>
</tr>
<tr>
<td width="248" nowrap valign="bottom">
Hawthorn
</td>
<td width="120" nowrap valign="bottom">
$1,300,000
</td>
<td width="147" valign="bottom">
$1,638,000
</td>
</tr>
<tr>
<td width="248" nowrap valign="bottom">
Mont Albert*
</td>
<td width="120" nowrap valign="bottom">
$1,282,000
</td>
<td width="147" valign="bottom">
$1,414,000
</td>
</tr>
<tr>
<td width="248" nowrap valign="bottom">
Malvern*
</td>
<td width="120" nowrap valign="bottom">
$1,280,000
</td>
<td width="147" valign="bottom">
$1,750,000
</td>
</tr>
<tr>
<td width="248" nowrap valign="bottom">
Ivanhoe East*
</td>
<td width="120" nowrap valign="bottom">
$1,280,000
</td>
<td width="147" valign="bottom">
$1,492,500
</td>
</tr>
<tr>
<td width="248" nowrap valign="bottom">
Caulfield North*
</td>
<td width="120" nowrap valign="bottom">
$1,280,000
</td>
<td width="147" valign="bottom">
$1,802,500
</td>
</tr>
<tr>
<td width="248" nowrap valign="bottom">
Camberwell
</td>
<td width="120" nowrap valign="bottom">
$1,255,000
</td>
<td width="147" valign="bottom">
$1,550,000
</td>
</tr>
<tr>
<td width="248" nowrap>
South Yarra
</td>
<td width="120" nowrap valign="bottom">
$1,225,350
</td>
<td width="147" valign="bottom">
$1,855,000
</td>
</tr>
<tr>
<td width="248" nowrap valign="bottom">
Surrey Hills*
</td>
<td width="120" nowrap valign="bottom">
$1,218,750
</td>
<td width="147" valign="bottom">
$1,351,000
</td>
</tr>
<tr>
<td width="248" nowrap valign="bottom">
Kew
</td>
<td width="120" nowrap valign="bottom">
$1,175,000
</td>
<td width="147" valign="bottom">
$1,945,000
</td>
</tr>
<tr>
<td width="248" nowrap valign="bottom">
Black Rock*
</td>
<td width="120" nowrap valign="bottom">
$1,170,500
</td>
<td width="147" valign="bottom">
$1,600,000
</td>
</tr>
<tr>
<td width="248" nowrap valign="bottom">
Glen Iris
</td>
<td width="120" nowrap valign="bottom">
$1,167,500
</td>
<td width="147" valign="bottom">
$1,350,500
</td>
</tr>
<tr>
<td width="248" nowrap valign="bottom">
Brighton East
</td>
<td width="120" nowrap valign="bottom">
$1,156,250
</td>
<td width="147" valign="bottom">
$1,351,000
</td>
</tr>
<tr>
<td width="248" nowrap valign="bottom">
Malvern East
</td>
<td width="120" nowrap valign="bottom">
$1,104,000
</td>
<td width="147" valign="bottom">
$1,477,500
</td>
</tr>
<tr>
<td width="248" nowrap valign="bottom">
Caulfield*
</td>
<td width="120" nowrap valign="bottom">
$1,100,000
</td>
<td width="147" valign="bottom">
$1,340,000
</td>
</tr>
<tr>
<td width="248" nowrap valign="bottom">
Balwyn North
</td>
<td width="120" nowrap valign="bottom">
$1,100,000
</td>
<td width="147" valign="bottom">
$1,150,000
</td>
</tr>
<tr>
<td width="248" nowrap valign="bottom">
Sandringham*
</td>
<td width="120" nowrap valign="bottom">
$1,075,000
</td>
<td width="147" valign="bottom">
$1,368,000
</td>
</tr>
<tr>
<td width="248" nowrap valign="bottom">
Elwood*
</td>
<td width="120" nowrap valign="bottom">
$1,030,000
</td>
<td width="147" valign="bottom">
$1,517,500
</td>
</tr>
<tr>
<td width="248" nowrap valign="bottom">
Alphington*
</td>
<td width="120" nowrap valign="bottom">
$1,019,000
</td>
<td width="147" valign="bottom">
AT PEAK
</td>
</tr>
<tr>
<td width="248" nowrap valign="bottom">
Ivanhoe*
</td>
<td width="120" nowrap valign="bottom">
$1,005,500
</td>
<td width="147" valign="bottom">
$1,297,500
</td>
</tr>
<tr>
<td width="248" nowrap valign="top">Park Orchards*</td>
<td width="120" nowrap valign="top">
$1,005,000
</td>
<td style="text-align: center;" width="147" valign="top">$1,150,000</td>
</tr>
<tr>
<td width="248" nowrap valign="top">
Carlton*
</td>
<td width="120" nowrap valign="top">
$1,000,000
 
</td>
<td width="147" valign="top">
$1,155,500
</td>
</tr>
</tbody></table>
 *REIV based on suburbs with 30 house sales or more in the September quarter.
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Three million-dollar Melbourne suburbs at their peak

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Listed pub trust ALE Property Group has attributed the 6% boost to the value of its 87-strong pub portfolio to its long lease agreements and tenancy agreement with the Australian Leisure and Hospitality Group, which is 75% owned by Woolworths.

Results for the year to June 2011 released earlier this year revealed distributable profit of $31 million, a fall of 18% from profit of $38 million recorded in 2010, but 7.8% above February 2011 expectations.

The ALE portfolio is now valued at $758.3 million compared with $714 million a year ago, with 34 Victorian pubs making up 51% of the portfolio, a combined value of $382 million. Among the notable pubs it owns is the Young and Jackson pub on the corner of Flinders Street and Swanston Street opposite Flinders Station in Melbourne, which was valued at $9.4 million as of June 2011, up from a valuation of $8.9 million a year ago.

During the financial year, ALE redeveloped the New Brighton Hotel, on The Corso in Manly (valued at $12 million, up $100,000) and Racehorse Hotel, Ipswich (valued at $2.5 million up from $1.6 million)

It has 32 pubs in Queensland, with a cumulative value of $219 million. 

Speaking at the 2011 AGM this week, chairman of ALE Peter Warne said the improved valuations were due to rental increases and stronger average capitalisation rates across the properties. 

Commenting on the difficult market environment in general, Warne said “the valuations of quality investment properties in Australia, especially those on long-term leases to quality tenants remained very firm”.

“[ALE’s improved valuation] was independently assessed to be attributable to the high quality of the properties’ long leases and our sole tenant, ALH who continues to enjoy success as Australia’s leading pub operator and liquor retailer,” Warne said.

“Our tenant continues to trade very profitably despite the problems in some other parts of the pub sector, which we often see reported in the press.”

The strong performance of ALE is in contrast with an otherwise struggling pub sector, <a href="https://www.propertyobserver.com.au/leisure/pub-group-in-receivership-blames-onerous-lease-for-collapse/2011101051853">marked by the recent collapse of National Leisure and Gaming, operator of 35 hotels in New South Wales and Queensland, that blamed "onerous leases" for its collapse</a>.
 
 
 
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lschlesinger-FZcF9M3vE6

Long leases key to pub success: ALE Property Group

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Food guru Jamie Oliver’s new restaurant at leased premises in the Sydney CBD serves $12.50 plates of spaghetti bolognaise (entree size).
It’s dishing up to excited diners at the newly opened premises – on the ground floor and mezzanine level at 107 Pitt Street.
Landlord BlackRock Property Trust is getting $350,000 plus GST annually as the base rent. The fixed rate in annual rent reviews is 4%. There’s a 10-year option kicking in in 2021.
Pacific Restaurant Group director Adam Heathcote signed the lease.
It's the latest of high-profile restaurant openings, including David Chang's Momofuku Seiobo, which has an online booking service, Stefano Manfredi's Balla, Teage Ezard's Black by Ezard and Chase Kojima's Sokyo – all at the Star casino location. There’s also been the Westfield shopping centre tenants including Alessandro Pavoni's Spiedo,  David Tsirekas's Xanthi and Justin North's new Becasse.
Despite the big new openings restaurants have been closing their doors faster than new ones opening, according to industry head John Hart from Restaurant and Catering.
"There is quite a lot of consolidation going on," Hart told SMH reporter Kelsey Munro.
Noting a strong shift towards corporate ownership and away from independents, Hart says "unless you've got economy of scale behind a number of businesses, you really can't make a buck".
Jamie's Italian is owned by a listed company, the Pacific Restaurant Group, which also owns the Chophouse and three Kingsleys Steak and Crabhouse restaurants.
With more than 20 restaurants across the world Jamie's Italian is a global franchise.
According to CBRE agents James McNeill and Leif Olson, the arrival of the English restaurateur enhances the city's array of international eateries.
In its recent report on the NSW retail market, CBRE notes that the café, restaurant and takeaway subsector had achieved annual sales growth of 5.8% for the year to June 2011.
Commenting on his Sydney eatery on his website, Oliver says Australia has always been close to his heart since he first visited around a decade ago.
“I get a lot of wonderful tweets and emails from Australians who have eaten at Jamie’s Italians in the UK, so now to have a Jamie’s Italian open in Sydney is really special for me,” he says.
 
 
 
 
 
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Jamie Oliver needs to sell 28,000 bowls of spaghetti to cover his $350,000 Sydney rent

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The number of companies entering insolvency or external administration has continued to rise, in one of the worst years for corporate collapses in decades as the ATO continues to crack down on its debtors.

The data comes just days after the ATO itself released its annual report in which it revealed the number of ATO-initiated wind-up notices has also continued to rise.
The data shows for the three months to September 30, there were 2,961 externally appointed administrations, up by 11.5% from the previous quarter, and up by a massive 18.3% from the same point in 2010.
There has now been two consecutive quarters where appointments have been over 2,600. The only other time this has happened was in the quarter ending December 2008, and for the calendar year, the number of companies entering external administration was up 9.6% from last year.
Creditor-initiated court liquidations were up 33.7%, with receivership appoints up 12.7% – ASIC says this gels with evidence from practitioners that the ATO is continuing to strike down on its debt recovery plans.
Cliff Sanderson of Dissolve says this is the case, but is struck by the sheer breadth of the numbers.
"The numbers are a little down on last month, but it's the highest September ever. And six of the nine months of this year have been at their highest level ever."
"If you go back to September 2007, there were only 557 collapses. That really puts everything into perspective."
Sanderson says the figures are clear evidence the GFC hit SMEs hard, "and we're continuing to witness it", noting that the ATO is a major catalyst here.
"We know that 59% of corporate insolvencies are director-initiated. And only 11% of court liquidations are initiated by the ATO – so a large chunk of that 59% will be where the ATO has acted as the catalyst."
"This is really the ATO reaching the end of its tether, and going through the process of recovering its debt."
ASIC senior executive leader of insolvency practitioners Adrian Brown said in a statement the figures show both Queensland and Western Australia are seeing collapses driven by property-related appointments.
"We understand that certain secured lenders are crystallising long-standing problem loan positions or taking control of an underlying security where other creditors initiated an external administration," he said.
The figures show appointments of receivers and controllers increased in New South Wales by 21.5%, and remained high in Queensland. Receivership and controller appointments were also up 52.3% in Western Australia for the calendar year to date.
Court liquidations rose the most in New South Wales, up by 42%, and in Victoria, up by 34%.
And while the effects of the financial crisis may be petering out, Sanderson says insolvencies may remain high for awhile.
"If I had to take a guess, I'd say the ATO still has some work to do and needs to get through a backlog. And even then, when that process finishes, we may be facing another financial crisis."
This article originally appeared on <a href="https://www.smartcompany.com.au/economy/20111110-collapses-soar-18-to-near-gfc-levels-as-ato-pushes-hard-on-debt" target="_blank">SmartCompany</a>.
 
 
 
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Collapses soar 18% to near GFC levels as ATO pushes hard on debt

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Book franchises Dymocks and Collins have expressed their disappointment in a long-awaited report into the future of the book industry that did not recommend the abolition of parallel importation rules.

Dymocks CEO Don Grover warns that independent booksellers will suffer from the recommendation to reduce to 14 days - rather than scrap altogether - the time a local publisher can decide on whether it will publish an overseas book before it can be imported.
"Booksellers having to wait 14 days from the release of a product overseas is 14 days too late," Grover says, noting customers can see a book online on an American and European site and buy it immediately.
"It's taken two years to find out we're not going to be more efficient in getting books to customers," Grover says.
"The report is dealing with the issues, but not the one that would make the biggest difference – removing parallel importation restrictions."
He says the delays in getting new releases to market and the price differential between Australia stores and online offerings will continue to pressure booksellers, estimating that annual sales for the industry are down 20% year on year.
The industry was rocked in February by the collapse of REDgroup Retail, which owned Borders and Angus &amp; Robertson. Both Dymocks and franchise book chain Collins Booksellers picked up some stores from that collapse.
The report by the Book Industry Strategy Group, chaired by Barry Jones, has 21 recommendations, including:
<ul>
<li>The creation of a book industry collaboration council to provide advice to the industry.</li>
<li>For universities and the Federal Government to invest $16 million between them to establish a national university press network.</li>
<li>Dropping the goods and services tax on books, and if not applying the GST on online purchases.</li>
<li>Making online packages within Australia more affordable.</li>
<li>Ensuring that an Australian publication is released within 14 days of publication elsewhere in the world, rather than current timeframe of 30 days.</li>
<li>Funding of $5 million for the development of digital infrastructure to help local suppliers compete internationally.</li>
<li>All literature prizes funded by government, such as the Prime Minister's award, be made tax-free, as is the case with the science prize.</li>
</ul>
Speaking yesterday, publisher Louise Adler said $2.3 billion worth of books were sold in Australia in 2010, and $35 million worth of eBooks were sold.
"What we predict is that will rise to a total of sales of anywhere between 6% and 25% by 2014," Adler said, according to a transcript.
"In 2010 over 25,000 people were employed in our industry, 10,000 as content creators, 5,000 in publishing and distribution, 2,000 in printing, and over eight and a half thousand in retail."
Book Industry Strategy Group chair Barry Jones noted that although Australians were typically slow to adapt to technological innovation, once they adopt, their take-up rate is rapid.
"The proportion of eBooks bought is currently about 5% of the total market, but in three years, our best estimate was that the proportion is likely to increase to 25%. And that may be a gross understatement."
Innovation Minister Kim Carr yesterday kept an open mind on the recommendations when being interviewed by the ABC, saying the industry would need to face up to challenges and he would consult with other relevant minister about the recommendations.
Daniel Jordon, who heads Collins Booksellers, says elements of the report are very good, including the move towards 14-14 for parallel importation and the book industry website Title Page.
But Jordon noted:
<ul>
<li>The lack of dates for the implementation of recommendations.</li>
<li>The report was overly focused on the publishing and print side which employs 2,000 people, rather than the book-selling side, which employs 8,000.</li>
<li>There is unlikely to be government support for either removing the GST on books sold here or introducing it to online sales.</li>
</ul>
This article originally appeared on<a href="https://www.smartcompany.com.au/retail/20111110-dymocks-collins-says-independent-bookshops-will-be-hurt-by-decision-not-to-abolish-parallel-import-rules" target="_blank"> SmartCompany</a>.
 
 
 
 
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Dymocks says independent bookshops will be hurt by decision not to abolish parallel import rules

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A leasing expert predicts next year could produce more retail collapses than this year if Christmas trading disappoints, amid calls from a retail body to halt retail rent hikes.

Russell Zimmerman, executive director of the Australian Retailers Association, says the rule of thumb used by Westfield in determining rent increases – CPI plus 2% – is out of touch, given the number of retail collapses this year, poor sales in clothing and footwear, and warnings by retail giant Premier Investments that shopping centre landlords risked losing brands if they did not lower rents.
"Look, I don't believe the model can be sustained," Zimmerman says. He says while that model might have worked when retail sales were up by 6%, in the current climate rent rises of CPI are more appropriate.
"You only have to look at the recent closures and restructures," Zimmerman says, pointing to the collapse of REDgroup Retail, Colorado and Brown Sugar. He says it's been difficult for retail over the past 18 months, but particularly so since May.
Zimmerman says with CPI running at 3%, the price increase over a five-year rent can reach as high as 28%, including compound interest.
He adds that although Westfield says its Australian and NZ shopping centres are almost full, many tenants are "not temporary tenants" – that is, a company with a business in one Westfield centre is offered a lease in another at reduced terms – therefore "there are a whole lot of tenants supporting that 3.8% increase".
"Landlords should be more realistic in their negotiations. It's just unsustainable."
In its update this week, shopping mall giant Westfield reported that average specialty store rent grew by 3.8% year on year to $1,460 per square metre.
By contrast, retail sales are up to 2.3% year or year. The Australian Bureau of Statistics says retail sales lifted by 0.4% in November, the third consecutive month of gains.
Westfield – which has 43 centres in Australia and 11,792 retail outlets – said 99.5% of its Australian and New Zealand portfolio was leased.
But Simon Fonteyn, managing director of Leasing Information Services, has played down the prospect of Westfield or other landlords reviewing their lease structures, and says this Christmas will be key for the viability of many retailers.
"There are a lot of tenants, especially in fashion industry, that are really hoping for a decent Christmas," Fonteyn says.
"If that doesn't happen, we'll see an even tougher year than this one."
Fonteyn says Westfied's rent rises are usually CPI plus 2-2.5%, CFS uses fixed increases of 5%, and some landlords use between 4-5% per year.
"The question is not fixed increases; it's more about whether rents are sustainable long-term," he says.
"And at the moment, it depends on what category you're talking about, because certain sectors are more susceptible to the downturn, such as fashion, footwear, jewellery, whereas others – telephones, entertainment, food and coffee – are more resilient."
But there is some wriggle room: Fonteyn says there's a push for independent retailers to be treated differently to chains because they add a point of difference, and other retailers might look at reducing their rents when they expire or do a short deal for a few years.
The comments follow the announcement by the Franchise Council that it was writing a Retail Tenancy Code of Conduct – now with help with the competition regulator – to help prevent excessive rent rises and conflicts between landlords and tenants.
Zimmerman of the ARA adds that retailers should not be forced to hand over their turnover figures to landlords, and there should be lease registeries across the country.
"It's akin to giving them the pin to your bank account," Zimmerman says. He proposes the sales figures be handed to a third party, such as a Government department, and collated, to ensure they are not being used by the landlord to justify excessive price hikes.
"I understand centres needs to know how the stores are trading, but I've had retailers tell me they've been told that, 'ah you can afford this,'" Zimmerman says.
This article originally appeared on <a href="https://www.smartcompany.com.au/retail/20111110-retail-body-calls-for-halt-to-rent-hikes-as-leasing-expert-says-christmas-holds-the-key-to-a-better-2012" target="_blank">SmartCompany</a>.
 
 
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