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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Few estate agents working in regions that are the first recipients of the government’s National Broadband Network are promoting it in their listings.
Those who are mentioning it are taking a long-term view to it adding value to connected properties over time.
Kiama Downs and the township of Minnamurra – about 120 kilometres south of Sydney – were among the first sites on the mainland to benefit from the rollout of the government’s super-fast wholesale broadband project.
Realestate.com.au lists 406 properties for sale in the Kiama region, and just five of these mention having access to the fibre-based network as one of the features of the property.
Robert Perea from Raine &amp; Horne Kiama is promoting the NBN in his listings.
But he says its “early days” regarding the NBN in the Kiama area. 
“The NBN, while generating interest, is a great service, but I don’t believe will adversely affect prices in the area of interest in this listing or future listings,” he says.
<img src="/images/stories/renfrewroad.jpg">
Agents Joe Dingham and Neil Campbell from Ray White Gerringong, about 10 kilometres south of Kiama, both mention access to the broadband network in their listings at 240 Willowvale Road (pictured below) and 46-48 Renfrew Road (pictured above).
<img src="/images/stories/willowviewroad.jpg">
Dingham tells Property Observer although no one as yet has contacted him specifically to enquire about the NBN he expects it will definitely add value to properties.
Eight of the 145 properties in Willunga, about 50 kilometres south of Adelaide, listed for sale on realestate.com.au mention broadband in their write-ups.
Deborah Tucker from Raine &amp; Horne McLaren Vale is selling four lots of land at Magnolia Court, 5 Norman Road, Willunga between $285,000 and $295,000.
She writes: “NBN - (the fast broadband) has been brought to the entrance to Magnolia Court - ready for future connections.”
<img src="/images/stories/waverleydrive.jpg">
Neville Brown from Michelmore Ollwitz First National is selling a two-bedroom house at 13 Waverley Drive, Willunga, asking $700,000. He mentions the house being “National Broadband Network connected” as one of its features.
Brown told Property Observer that while no prospective buyers have enquired about the NBN, he believed it would be a distinct advantage once there is more awareness.
Internet provider Internode recently reported that its first NBN customer, freelance photographer Paul Gosney and his family, relocated from Sydney to Minnamurra after learning that it would one of the first release sites for the network.
Gosney says the NBN will make it easier for him to send files overseas for post-production.
Not everyone is singing the NBN’s praises. 
Opposition spokesman for communications and broadband Malcolm Turnbull has expressed concerns about the government stringing fibre cables overhead rather than underground in a bid to save money on the multibillion-dollar project. 
“My fear is that as the NBN faces blowouts in both the cost and time taken to complete the project, the overwhelming urge will be to override the wishes and interests of local communities and string fibre overhead,” Turnbull says.
“[Broadband Minister Stephen] Conroy has already sacrificed economic responsibility in his rush to build this network, now he is going to trample over the rights of local communities to have a say in the preservation of their own environment and local amenity.”
The other towns where the NBN has been rolled out are Armidale in NSW, the whole of Tasmania, parts of Brunswick in Melbourne; and parts of the Townsville suburbs of Aitkenvale and Mundingburra.
Midway Point, an outer suburb of Hobart, was the first location to get NBN access in August last year. Out of the 312 properties Midway Point listed on Realestate.com.au, 15 mention access to the fibre-based network.
In an interview with the Australian Financial Review NBN Co chief executive Mike Quigley says consumers should know by Christmas whether they will get access to the broadband network within in the next three years.
Main picture courtesy of Tourism New South Wales
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lschlesinger-FZcF9M3vE6

Agents slow to spruik fast broadband

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You know, I'm always intrigued how many investors place little or no importance upon the skills required to put together a top property deal.
They will spend plenty of time researching the market and arranging finance but will often get emotionally involved and want to conclude the negotiating phase as soon as possible.
1. Remember, it's just a deal
Therefore, never allow yourself to become emotionally attached to whatever you're negotiating for. You need to care — not that much!
Otherwise, you'll end up over-paying for that property.
2. Information is the key
The more you know about the other party's needs, wants and aspirations, the greater your strategic advantage becomes. And the secret is to discover all of this before the formal negotiation actually begins.
3. You always have some degree of power
Power is very much based on perception. And simply creating the illusion of having other options will always make whatever you're proposing seem far more appealing. But there are several other aspects of power you can easily master as well.
4. Gain from their investment
The more you can have the other party make as an investment of their time, money or effort into the deal, the more unlikely they are to walk away from your final proposal when the time comes for you to make it.
5. Time can change everything
Most beginners tend to treat negotiating as an "event". However, the pros realise that it is very much a "process".
And the closer you can move the other party towards their deadline, the larger will be the concessions you start receiving from them.
Bottom Line: You need to be able to treat negotiating is a game — a very serious game! But a game nonetheless, with its own set of rules, which you can very quickly learn.
Chris Lang is an advisor to commercial property investors and gives keynote speeches and regular seminars on the best way to invest in commercial property. He maintains a blog, <a href="https://his-best.biz/" title="Chris Lang's blog" target="_blank">his-best.biz</a>, which he updates regularly about the best way to get the most out of your commercial property investment.
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chrislang-EQKojcgJPV

Six tips to negotiating a commercial property deal

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Statistics are beginning to show an increase in the number of property investors taking advantage of what has widely been spruiked as a “buyer’s market”.  Not only is this evident in the increased numbers of buyers lining up outside open for inspections and attending auctions, <a target="_blank" title="AFG reports 18-month high" href="/news">AFG (the country’s largest mortgage brokering group) reported their mortgage sales hitting an 18-month high in August</a> – that’s some $2.7 billion, with 38% going directly to property investors. <a target="_blank" title="Owner-occupiers on the increase" href="/news">Owner-occupiers are also on the increase</a>, and according to the ABS, they have been for the past four months.  Even first-home buyers are coming back to the fold.  Mortgage Choice recently <a target="_blank" title="Mortgage Choice first home loan" href="https://www.propertyobserver.com.au/news/first-home-buyer-numbers-up-mortgage-choice/2011082551291">reported a marked increase in first home loans </a>making up 35% of all loan approvals in June compared with an average 27%. 
Considering all the evidence points towards purchasers increasing, not decreasing, why then is turnover 20% down on this time last year and also roughly 6% lower than this time during arguably the worst period of the GFC in 2008? 
It’s true there’s still a lot of overpriced stock and vendors not willing to reduce expectation.  These are the vendors who don’t need to sell, and therefore can afford to hang out for weeks on end hoping some hapless purchaser will love the home so much they’d be prepared to pay a premium.  Vendors love reaping the benefit while the market is suffering unsustainable booms such as the 20% rise we had at the beginning of 2010 – however these booms are always followed by market corrections as part of the typical ebb and flow of the property cycle and thus leave many unprepared to moderate expectation. It’s easy to spot the overpriced listings – just watch for the properties that change agency hands every four to six weeks as each agent attempts to “educate” the vendor on price.  In the end agents often have no choice but to shed the listing and concentrate on the stock they can sell.
However, there’s another problem hounding the market – an abundance of poor-quality stock marketed principally for investors and has little attraction for owner-occupiers.  It’s an old adage in real estate, but one that holds up to scrutiny:  “Good real estate sells well in all markets” – and in the current market there’s a surfeit not ticking the right boxes – hence the reason turnover has been so low. There’s plenty of stock available, but with the emphasis firmly focused on low quality rather than low quantity. 
The Australian Housing and Urban Research Institute recently reported that 25% of investors sell within a year of purchasing. The exact reasons for such a high percentage is not specified, however it’s a concerning statistic and an indication large numbers are not seeking the right advice.  If a vendor is trying to sell after only one or two years of property ownership, a market correction can have serious implications on their profit and loss scenario. It’s one of the reasons property ownership should always be viewed with long-term spectacles. Until you’ve held property through all stages of a market cycle, you can’t call yourself a seasoned investor and you risk your best intentions of property ownership failing miserably.  
Building wealth in property has its key firmly locked in long-term capital appreciation and considering owner-occupiers principally fuel the market, it’s imperative to focus on property that holds lasting appeal for this demographic. Get this formula right, and even on the sliding side of the property cycle, losses will be minimised and gains maximised.  However as a property investor you’ll face a mine field of advice from financial advisors, sales agents, property planners, developers, not to mention numerous magazines and books all promising the road to riches – and never more so than in a downward phase of the property cycle. Some advocate buying apartments, others land, and everyone has their own opinion on the “hot” suburbs.  But understand that there’s no one golden egg to property investment, and everyone’s individual needs must be assessed based on their own financial circumstances.  Furthermore, the landscape has changed rapidly over the past few years with a marked increase in high-rise accommodation marketed mainly at investors, over standard single-level subdivisions, which is where most home buyers would rather locate.
 However, it may not be wise to hold back, because if you think we’re heading for further falls any time soon, think again.  We live in a country with a rising population, where the best seats in our major cities have been taken and no one’s all that eager to move into the outer-metropolitan or regional areas where land is arguably overpriced due to hefty development overlays.   The housing market is both fragmented and fickle.  It’s made up of individuals like you and me with different needs and different budgets. Each piece of real estate has its own intrinsic quality – and with a lack of good stock, it’s reasonable to assess that there are always going to be areas of the market that outperform. 
Therefore, before you purchase take some time to think about what stands out about the property you’re interested in.  It could be located in the best street in the suburb, or situated on the largest north-facing block of land – have the best light and biggest balcony in the block, or hold the lasting attraction of period appeal.  Whatever the reason, be careful what you choose and if you do find yourself selling in a soft market, it’s more likely you’ll still come out winning.
Catherine Cashmore is senior buyer advocate for <a target="_blank" title="JPP" href="https://www.jpp.com.au">JPP Buyer Advocates</a> – the largest dedicated buyer advocacy service in Victoria. With extensive experience in all matters regarding real estate, JPP successfully purchases and negotiates more than $100 million worth of property each year. 
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catherinecashmore-6LXia3pPQj

Property is a long-term game

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The Melbourne office market looks set to continue to strengthen over the next three years, with more than 70% of the 260,000 square metres of new CBD office space scheduled to be completed during the next two and a half years already pre-leased.
This strong forecast follows a six-month period from January to June 2011 when <a target="_blank" title="Melbourne office market" href="https://www.propertyobserver.com.au/victoria/melbourne-leads-commercial-boom-as-foreign-investors-step-in/2011081051102">the Melbourne office market demonstrated the highest level of net absorption nationally</a>, according to Colliers latest Melbourne office research and forecast report.
The market recorded net absorption of 55,000 square metres, 22% higher than the long-term average of 45,000 square meters.
Colliers forecasts the Melbourne office vacancy rate to increase from 5% to 5.5% by July 2012 when new supply starts coming onto the market. It is then expected to decline to 3.9% by July 2014.
Strong tenant demand and limited contiguous options fuelled rental growth over the 10 months to July 2011, with a 9% growth in net effective rents for prime assets and 13% growth for secondary assets.
In the six months to July 2011, growth moderated, with premium net effective rents increasing by 2.5%, A-grade net effective rents remaining stable and B-grade net effective rents increasing by 1.9%.
Demand for office space from finance and insurance Services drove demand during the first half of 2011, with total white collar employment growth in the Melbourne CBD up 1.9% above the long-running average of 1.8%.
Over the second half of the year demand for office space from the real estate services sector, manufacturing and utilities is expected to be strong, with these sectors all forecast to grow by between 4% and above according research by Deloitte Access economics.
No new office supply is expected to be delivered in 2011.
In 2012 an additional 131,000 square metres in office space is expected to be delivered, with 70% already pre-committed. This includes:
<ul>
<li>The refurbishment of 555 Bourke Street adding 20,172 sqm with 6,000 square metres pre-committed so far by law firm Holding Redlich 
</li>
<li>The completion of 357 Collins Street will inject 30,364 sqm into the CBD with the CBA leasing 8,431 square metres and Service Stream leasing 7,500 square metres. 
</li>
<li>The ATO is expected to relocate to 735 Collins Street in 2012. This building is almost fully pre-committed, with only 2,850 square metres vacant. 
</li>
<li>The Goods Shed South at 731 Bourke Street in Docklands will also be completed in 2012, with Pearson Publishing pre-committed to it, leaving only 1,800 square metres vacant 
</li>
<li>The final two buildings to be completed in 2012 are 990 La Trobe Street, with full occupancy by Melbourne Water, and 850 Collins Street with 62% pre-committed by Aurecon. </li>
</ul>
Looking ahead to 2013, three buildings totalling 132,000 square metres are likely to be completed, with the majority (78%) pre-committed, leaving prospective tenants with limited options for new, quality office space. 
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Melbourne office market to remain strong until 2014: Colliers

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Zara is possibly heading to Doncaster Westfield. Westfield is planning a $5 million expansion of the shopping complex to accommodate a big-box retailer like the Spanish clothing store.
It is understood the application doesn’t mention Zara by name, but there’s an architect’s impression with Zara etched onto a front window.
Westfield and Zara spokespeople have issued no comment when asked today by Property Observer of their intentions.
Word of the possible arrival leaked out from Manningham Council on Friday, and Manningham councillor Stephen Mayne put it out on Twitter not long after.
“Developers brekky at Manningham just told that Zara is coming to Westfield Doncaster. Women are very excited,” Mayne tweeted.
The opening in June of Melbourne’s first Zara store in Bourke Street caused frenzy.
Westfield’s application would suggest Melbourne's second Zara store could be bigger than the Sydney and Bourke Street stores, with almost 2,000 square metres of shopping space, according to plans submitted to Manningham Council on August 31.
Westfield Doncaster – formerly Doncaster Shoppingtown – is a shopping centre 50% owned by the Westfield Group and 50% owned by LaSalle Investment Management.
Westfield Doncaster, which officially opened in September 1969, was Westfield's first entry to Victoria.
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jchancellor-FAypfDUnLy

Zara mooted for Westfield Doncaster

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Listed property group GPT has offered to sell its half stake in Sydney’s iconic MLC Centre to co-owner QIC.
In its 2010 annual results, the group’s share of the 67-storey, Harry Seidler-designed building was valued at $368.7 million, with the value written down by $22 million due to façade restoration work.
GPT has also sought submissions from commercial real estate firms to take it to market, should Queensland-based QIC choose not to buy its stake.
GPT is a tenant in the building, occupying the 52nd floor. It has recently renovated its own space as a demonstration for potential new tenants.
One of the tower’s major tenants – law firm Freehills, which occupies 20,000 square metres of space – is planning to move to a new $800 million office tower on Castlereagh Street being developed by Grocon, the Australian Financial Review reported.
The MLC Centre was built by Lend Lease in 1978. GPT bought a 20% share in 1990.
In 1996 GPT increased its share by 15% and QIC bought a 25% stake following MLC selling a 40% interest in the building.
In 1997, GPT and QIC picked up the remaining 40% held by MLC to become equal owners of the building.
Its share of the MLC Centre is part of GPT’s $2.7 billion office portfolio, which includes the Citigroup Centre and Australia Square in Sydney and 818 Bourke Street in Melbourne and the Melbourne Central Tower.
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GPT to sell stake in Sydney's MLC tower

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An uptick in home buyer activity in spring is likely, according to RP Data head of research Tim Lawless.
“With interest rates looking stable and economic growth showing some improvement we may gradually see some improvement in housing finance numbers which ultimately points to an improvement in transaction volumes which were tracking about 17% below the five year average nationally in June,” Lawless writes on the RP research blog.
“We are likely to see more new listings enter the market as we move into spring, so an uptick in buyer activity would be a very welcome event for anyone looking to sell their home.”
Lawless says housing finance commitments are a good indicator of buying intentions and points to a recently released set of ABS data that shows an improvement in housing finance values from recent lows.
“Owner-occupier loans are up 5.9% between March and July of this year, while investor loans are up 3.1% between the April low and July this year,” Lawless says.
More recent indications of an improvement in the housing market have come from the August mortgage approvals from mortgage broker AFG, which come out one month ahead of official ABS data.
AFG recorded a 21% surge in mortgage approvals in August, with investors and first-time buyer numbers on the increase.
While August figures are typically stronger than previous months, AFG’s August 2011 figures trended well above seasonal expectations.
Lawless says an increase in investor activity is another indication of an improving market.
“Investor loans have shown a greater level of decline compared with owner occupiers, which is typically the case when market conditions move out of the growth phase; investor numbers tend to taper as capital growth leaves the market,” he says.
“Higher yields, more stock to choose from and improved buying power hasn’t been enough to attract a large number of investors back into the market.”
Currently, the owner occupier market is more active than investors, with the value of owner occupier loans commitments (excluding re-financing) down by 1.6% over the 12 months to July and investor loans are down 9.0%.
“Investors now equate to 38.2% of the value of all housing finance commitments excluding loans being refinanced,” Lawless says.
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Spring to bring more housing market activity: RP Data

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Marinas in Queensland, once the subject of frenzied buying activity, have had a rough trot.

Horizon Shores on the Gold Coast, has fallen into the control of receivers McGrath Nichol. Its owner, Meridien Marinas, says it's business as usual for the marina, which has approvals in place to almost double its berth numbers to 2,000. About half the berths are occupied at the moment.
Meridien Marinas says the "combination of the ongoing GFC and strong Australian dollar has created difficult trading conditions for Australia's boating industry".
But Colin Bransgrove, chief executive office of industry body Marina Industries Association of Australia, says he's not heard of other businesses in the tightly held marina sector in trouble.
"Things have been tougher post-GFC, but because of the general shortage of marina berths in Australia, most are holding up reasonably well," Bransgrove told SmartCompany this morning.
"It's disappointing but not the norm."
There are 356 marinas in Australia, Bransgrove says, and most are owned by smaller companies or family companies. Leases tend to be quite regionalised, with Western Australia holding up better than Queensland, which was hit hard by the summer's natural disasters.
Of four marinas across Queensland, just one of Meridien Marinas' assets is not in administration: its marina in Port Douglas, which is said to be unaffected by troubles in the industry.
The Abel Point marina, which is part of the $750 million Port of Airlie project, is also in receivership, as is the Port of Airlie marina.
According to its website, Horizon Shore was "destined to become Australia's largest world-class marina, home to over 1,400 berths ranging in size from 9m-20m."
"Just 20 minutes from the Gold Coast and 30 minutes from Brisbane, it's at the heart of a boating paradise, right on the doorstep of South Stradbroke Island, Jumpinpin Bar and the Gold CoastSeaway."
Meridien Marinas managing director Russell McCart describes the appointment of receiverships to Horizon Shores and Abel Point Marinas as "very unfortunate" and says the company will be "working closely with the administrators in a concerted effort to return the business back to profitability."
"Abel Point and Horizon Shores Marinas are both excellent assets and have a great future and will continue to trade very well," McCart says.
"The receivers have re-employed all marina staff and will continue to operate as usual, without disruption."
"Meridien has committed over $75 million into Horizon Shores and the majority of infrastructure works are now completed."
The collapse also follows the collapse of Queensland boat builder Riviera in 2009, on the back of debts and the GFC.
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cknowlton-QnEa6ntUYP

Queensland marina in receivership as strong Aussie dollar bites

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<img src="/images/stories/549.jpg">
The median weekly asking rent for houses in Sydney, according to RP Data. The indicative gross rental yield for Sydney houses is 4.4%.
 
<hr>
<img src="/images/stories/391.jpg"> 
The median weekly asking rent for houses in Melbourne, according to RP Data. The indicative gross rental yield for Melbourne houses is 3.7%. 
 
<hr>
<img src="/images/stories/398.jpg"> 
The median weekly asking rent for houses in Brisbane, according to RP Data. The indicative gross rental yield for Brisbane houses is 4.7%.
 
<hr>
<img src="/images/stories/349.jpg"> 
The median weekly asking rent for houses in Adelaide, according to RP Data. The indicative gross rental yield for Adelaide houses is 4.2%.
 
<hr>
<img src="/images/stories/414.jpg"> 
The median weekly asking rent for houses in Perth, according to RP Data. The indicative gross rental yield for Perth houses is 4.3%.
 
<hr>
<img src="/images/stories/537.jpg"> 
The median weekly asking rent for houses in Darwin, according to RP Data. The indicative gross rental yield for Darwin houses is 5.2%.
 
<hr>
<img src="/images/stories/524.jpg"> 
The median weeklyasking rent for houses in Canberra, according to RP Data. The indicative gross rental yield for Canberra houses is 4.8%.
 
<hr>
<img src="/images/stories/323.jpg"> 
The median weekly asking rent for houses in Hobart, according to RP Data. The indicative gross rental yield for Hobart houses is 5%.
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po-LsXgBTHBmX

Investors' guide: Housing rents across all capitals by the numbers

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The combined real estate bellwethers of appraisals and listings are indicating the Australian real estate market is set for a relatively busy selling season in 2011.
That said, listings are a touch behind spring 2010, as a consequence of a relatively cold and wet winter in many parts of Australia, interest rate uncertainty, concerns about the state of the two-speed economy in Australia and sovereign debt woes in America and parts of Europe. Throw in political instability in Canberra, and it is little wonder some vendors are taking a wait-and-see approach to a home sale.
At a micro level, it will only take one or two good results to entice home owners to put their homes on the market. So, with these factors in mind, my expectation is that the traditional selling season will start later than in 2010 and run much closer to Christmas.
However all bets are off should the Reserve Bank of Australia decide to hike up interest rates before summer. Although, many in the financial markets are starting to predict that a cut in the official cash rate, which currently sits at 4.75%, is more likely.
The good news is that no matter what is happening in the macroeconomic environment, there are still steps homeowners can take to make sure a home sells as fast as possible this spring.
If you haven’t done it yet, I’d contact your agent and to start to prepare your house for a spring sale. First impressions of your home are critical to a swift and successful sale. In fact, one of our offices recently conducted some research which showed that 40% of buyers to visit a property during a four-week campaign come during the first week. It’s absolutely critical that a house looks attractive if the best price is to be achieved.
The good news is that sprucing up your house or apartment won’t cost an arm and a leg, and there are some simple steps you can take, which include:
<ul>
<li>clearing overgrown gardens – you can do it yourself or hire a professional</li>
<li>trimming the lawns and edges</li>
<li>removing leaves from paths and verandahs</li>
<li>sprucing up the house’s exterior by washing down or repainting walls.</li>
<li>cleaning the eaves and guttering, and brushing away leaves and cobwebs</li>
<li>decluttering rooms of excess furniture</li>
<li>cleaning and tidying bathroom(s) and kitchens</li>
</ul>
There is also no point having killer views obstructed by trees and bushes. Be sure to prune trees and shrubs, while cleaning the windows and screens will help improve a home’s unique outlook, and allow in more sunshine.
Angus Raine is CEO of <a href="https://www.raineandhorne.com.au/" target="_blank" title="Raine &amp; Horne">Raine &amp; Horn</a><a href="https://www.raineandhorne.com.au/" target="_blank">e</a>
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