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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Macroeconomic factors such as interest rate cuts play a more influential role in boosting housing activity than state-based support schemes, according to research by Deutsche Bank. 
A month after the Queensland government launched its $10,000 Building Boost program aimed at encouraging the building of new homes, the bank says the impact of similar state schemes in Victoria (up to $26,500 for construction of a new home in regional areas) and South Australia ($8,000 to home buyers for the construction of a new home) has been mixed. 
The bank compared the impact of dwelling approvals in Victoria and South Australia against approvals in New South Wales, Queensland, Western Australia and Tasmania.
<img src="/images/stories/dbsept61.gif">
According to the bank, the results suggest that the subsidies implemented in Victoria helped to boost housing construction activity relative to other states. On the other hand, the subsidy available in South Australia is yet to have a material impact on relative activity. 
“In Victoria’s case, other states saw a rebound in activity at about the same time that the Victorian subsidy was introduced. However, the rebound in Victoria was stronger – and was sustained for longer. 
“By contrast, activity in South Australia has broadly tracked activity in other states since the introduction of the new home construction subsidy in September last year”. 
In both cases, the evidence suggests that broader macroeconomic factors play a more influential role on housing activity than state-based support schemes with dwelling approvals closely linked to changes in the cash rate. 
As an obvious example, the recovery in dwelling approvals after October 2008 was associated with the reduction in the cash rate to an "emergency" level of 3%
“The sum of the above suggests to us that the Queensland government’s building boost program may offer some limited support for dwelling construction, but the evidence overwhelmingly suggests that broader macroeconomic conditions, particularly the level of interest rates and by implication housing affordability, is a far more important determinant of housing construction,” the report says.
The findings come on the back of the government recently admitting that it had not examined long-running claims that the introduction of the first-home owners grant may have resulted in house prices appreciation, thus doing little to alleviate affordability worries.
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lschlesinger-FZcF9M3vE6

Interest rates affect housing market more than government grants

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The medium-term outlook for the Queensland housing market is rosier than that of NSW, according to analysis by Deutsche Bank.
Currently Queensland ranks as the weakest housing market on the bank’s three key metrics – approvals are currently running about 33% below their long-run average pace, house prices have fallen by 3.6% over the past year and “ownership transfer costs” have fallen by 24.9% over the four quarters to March 2011 compared with the four quarters to March 2010.
<img src="/images/stories/dbsept6.jpg">
However, according to Deutsche Bank economists Adam Boyton and Phil O’Donaghoe, the current weakness in Queensland is more a result of house price corrections outside of Brisbane such as the Gold Coast east market (identified by the RBA as having the third-highest number of housing arrears of any region in Australia).
Brisbane, according to the bank’s housing analysts, is likely to undergo a much shallower house price correction, since the market came off its peak in June 2010.
In comparison, the Sydney market has been undergoing a much longer price correction dating back as far as 2003, reflecting excesses that had been building up over a number of years.
Besides a smaller, short-term house price correction, Deutsche Bank says there are two additional features that may lead to some alleviation of the recent weaknesses in Queensland.
“First, reconstruction efforts following the Queensland floods in late 2010/early 2011 should provide some respite. The Queensland Treasury have estimated that around 3,000 homes were rendered non-liveable as a result of the floods and Cyclone Yasi, with more than 50,000 dwellings were damaged to various degrees,” the bank says.
“Current dwelling approvals run at a little over 2,000 per month in Queensland – the long-run average is a little over 3,000.”
The second factor is the introduction of the Queensland Building Boost program at the beginning of August, which the bank says has the potential to cover up to 14,000 new homes.
According to Deutsche Bank, Victoria has had the strongest housing market over the past year, with approvals currently running around 40% above their long run average pace. While Victorian house prices fell by 2.0% over the year to the second quarter of 2011, this follows a peak increase of 26.3% year on year in the first quarter of 2010 and ‘ownership transfer costs’ rose by 3.8% in the four quarters to March 2011 compared to the four quarters to March 2010.
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Queensland housing prospects stronger than NSW: Deutsche Bank

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The Poms might be coming! Monthly visits to the overseas section of the top UK property portal rightmove.co.uk have passed the 2 million searches mark for the first time.
Rightmove Overseas says that 52% of its international destinations had an increase in searches during July. Victorian and South Australian properties on the website both recorded jumps in viewing. The NSW and Queensland listings fell in viewing popularity, although the viewing numbers are higher than Victoria and South Australia.
The greatest increase in searches occurred for British Columbia in Canada, with a rise of 64% month-on-month. The big winner was France, with three different regions receiving 40% more searches than in June.
Some of the biggest falls occurred for four Portuguese regions, with Costa Verde losing 23 places and dropping to 136th place on the website’s charts.
“The British appetite for property abroad shows no sign of slowing down as over 2 million searches were performed on Rightmove for overseas property in July, a record number for the site,” rightmove.co.uk says.
“Even in this economic climate, and maybe because of it, Brits are still chasing the overseas dream,” Shameem Golamy, head of overseas at Rightmove, suggests.
On average, Rightmove Overseas receives 80,000 unique visitors a week and generates more than $1.7 million overseas property searches a month for advertisers.
August is a historically strong month for search activity on Rightmove Overseas as British buyers return from their summer holidays abroad with dreams of capturing the experience by owning property where they were staying.
Top 10 Climbers and Fallers this month (areas with &gt; 100 searches a day)
<table style="width: 400px;" cellpadding="0" cellspacing="0" border="0"><tbody>
<tr>
<td>
Top 10 Climbers
</td>
<td>
% Change Searches
</td>
<td valign="bottom" nowrap></td>
<td>
Top 10 Fallers
</td>
</tr>
<tr>
<td valign="top" nowrap>
British Columbia, Canada
</td>
<td valign="top" nowrap>
89.06%
</td>
<td valign="bottom" nowrap>
 
</td>
<td valign="top" nowrap>
Costa Verde, Portugal
</td>
</tr>
<tr>
<td valign="top" nowrap>
Ontario, Canada
</td>
<td valign="top" nowrap>
87.89%
</td>
<td valign="bottom" nowrap>
 
</td>
<td valign="top" nowrap>
Punjab, India
</td>
</tr>
<tr>
<td valign="top" nowrap>
Los Angeles County, United States of America
</td>
<td valign="top" nowrap>
55.96%
</td>
<td valign="bottom" nowrap>
 
</td>
<td valign="top" nowrap>
New South Wales, Australia
</td>
</tr>
<tr>
<td valign="top" nowrap>
Aude, France
</td>
<td valign="top" nowrap>
52.41%
</td>
<td valign="bottom" nowrap>
 
</td>
<td valign="top" nowrap>
Silver Coast (Costa de Prata), Portugal
</td>
</tr>
<tr>
<td valign="top" nowrap>
Calvados, France
</td>
<td valign="top" nowrap>
52.02%
</td>
<td valign="bottom" nowrap>
 
</td>
<td valign="top" nowrap>
Sardegna, Italy
</td>
</tr>
<tr>
<td valign="top" nowrap>
South Australia, Australia
</td>
<td valign="top" nowrap>
49.93%
</td>
<td valign="bottom" nowrap>
 
</td>
<td valign="top" nowrap>
Lisboa, Portugal
</td>
</tr>
<tr>
<td valign="top" nowrap>
Herault, France
</td>
<td valign="top" nowrap>
47.10%
</td>
<td valign="bottom" nowrap>
 
</td>
<td valign="top" nowrap>
Sicilia, Italy
</td>
</tr>
<tr>
<td valign="top" nowrap>
Berlin, Germany
</td>
<td valign="top" nowrap>
45.90%
</td>
<td valign="bottom" nowrap>
 
</td>
<td valign="top" nowrap>
Piemonte, Italy
</td>
</tr>
<tr>
<td valign="top" nowrap>
Black Sea North, Bulgaria
</td>
<td valign="top" nowrap>
43.50%
</td>
<td valign="bottom" nowrap>
 
</td>
<td valign="top" nowrap>
Queensland, Australia
</td>
</tr>
<tr>
<td valign="top" nowrap>
Victoria, Australia
</td>
<td valign="top" nowrap>
42.40%
</td>
<td valign="bottom" nowrap>
 
</td>
<td valign="top" nowrap>
Lisbon and Lisbon Coast, Portugal
</td>
</tr>
</tbody></table>
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jchancellor-FAypfDUnLy

Pommy sun-seekers look to put down roots in Australia

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The Sydney motor vehicle dealership Damelian Automobile has been placed in receivership just two weeks after being unable to sell its redundant Parramatta Road car yard holdings.
Ferrier Hodgson partners Steve Sherman and Jim Sarantinos have been appointed receivers and managers after the prominent Parramatta Road car dealership was put into receivership today.
It was founded in 1978 by Rick Damelian.
The three redundant offerings were 587-595 Parramatta Road, Petersham, which was passed in on a $2.4 million vendor bid, 680-716 Parramatta Road, Petersham, which was passed in with no bid, and 509-529 Parramatta Road, Leichhardt, which was passed in on a $1.9 million vendor bid when auctioned last month through Knight Frank by auctioneer Damien Cooley. They were listed through Knight Frank agents Nick Saba and Eugene Evgenikos.
Located on Parramatta Road, the offerings consisted of a showroom, office and workshop on sites totalling about 4,700 square metres.
It was offered with vacant possession at its August 25 Knight Frank auction.
The appointment of receivers came after an extended period of support by the creditor, who is owed about $80 million by the car dealership. During this time, the Damelian group had been working towards a possible restructure and reduction of its debt.
Steve Sherman says the receivers will engage with the manufacturers of cars sold by the group, including Honda, Suzuki, Renault, Citroen, Fiat and Alfa. The Skoda dealership is not subject to the receivership.
Sherman says the servicing of vehicles has been suspended until further notice.
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Sydney Damelian car dealership in receivership two weeks after failing to sell

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Estate agent John McGrath expects the recent economic events that have caused a heightened level of uncertainty will prove problematic for high-end property during the spring quarter.
However he expects most markets are at the beginning of a long-term growth cycle.
“Currently the market appears to be taking a breather,” McGrath says.
“A pause in any growth cycle should always be considered a positive. People are very conscious about debt and are acting cautiously, demand is greatest for the most affordable properties sub -$750,000.
“They are experiencing great buying opportunities,” he says.
McGrath, who has been selling real estate since the early 1980s, says affordability was a key issue for buyers in his spring review.
He notes there have been “green shoots” in increased property demand in many regional areas.
“Some of the hardest-hit markets such as Bowral, Ballina and the Gold Coast are receiving more new buyer enquiry than they have for several years – a good sign that smart buyers are picking the bottom.
“Buyers continue to look for value, however they are now starting to purchase when they see it.
“The backlog of buyers is starting to create activity in markets such as Bowral where demand has increased noticeably over the last quarter, where our office reports significant new interest from Sydney investors seeking long term capital growth,” McGrath says.
“Newcastle has become a popular regional market as it undergoes a fundamental change from its working class heritage to a fast growth business community with young Sydney families realising the lifestyle and better value for money in Newcastle, as a very appealing sea change.
“Another strengthening market is the Blue Mountains, where 70% of our buyers are coming from Sydney or outside the locality,” he says.
“The main Blue Mountain buyers are downsizing empty-nesters and young couples from Sydney seeking excellent value with strong prospects for capital gains.”
McGrath notes with people less confident about taking on large amounts of debt, his offices are finding higher competition on the more affordable homes.
“Buyer demand, although weaker across the board, still outweighs the lessening supply. Upgraders and investors are still active.”
His agencies have noticed an increasing number of young people choosing to buy an investment property ahead of their first home.
“People still want to enter the market and if they can’t afford it, they will stay at home longer, save for a bigger deposit, or buy with family or friends.”
He says strong rents were driving investor demand.
“Many more people are using self-managed super funds to buy property – latest tax office figures show a 13% increase in property investment via SMSFs over the past year.”
In July the McGrath Estate Agents group reported the sale of 5,993 properties over the financial year that yielded $5.7 billion in transactions.
The three-state McGrath group tally eclipsed the previous financial year, when 5,095 properties were sold for a $5 billion tally.
The agency had opened four new offices to bring the company’s tally to 39.
Its average sale price eased from $981,000 to $951,000 between the two financial years.
“Property remains an excellent asset class for long term investment and definitely offers more stability than the volatile share market,” McGrath says.
“Once confidence returns Australia will be in good shape.
“Buyers have been concerned about interest rates moving upwards and we really need to see a rate reduction that puts the steep rises of the past 18 months behind us,” McGrath adds.
John McGrath’s Top Regional Picks
<ul>
<li>
Balgownie </li>
<li>
Broadbeach Waters (Gold Coast) </li>
<li>Burleigh</li>
<li>Waters Caves Beach </li>
<li>Ettalong </li>
<li>Hamilton </li>
<li>Katoomba </li>
<li>
Kingston (ACT)</li>
<li> Lennox Head
</li>
<li> Town Beach</li>
</ul>
John McGrath’s Top Metro Suburb Picks (Houses)
<ul>
<li>Abbotsford </li>
<li>Breakfast Point </li>
<li><a target="_blank" title="Frenchs Forest" href="/news">Frenchs Forest </a></li>
<li>
<a target="_blank" title="Freshwater" href="/news">Freshwater</a> </li>
<li>
<a target="_blank" title="Haberfield" href="/news">Haberfield</a> </li>
<li><a target="_blank" title="Northbridge" href="/news">Northbridge </a></li>
<li>
<a target="_blank" title="Palm Beach" href="/news">Palm Beach</a> </li>
<li><a target="_blank" title="Queenscliff" href="/news">Queenscliff </a></li>
<li><a target="_blank" title="Seaforth" href="/news">Seaforth </a></li>
<li><a target="_blank" title="Sylvania Waters" href="/news">Sylvania Waters</a></li>
</ul>
John McGrath’s Top Metro Suburb Picks (Units)
<ul>
<li><a target="_blank" title="Bronte" href="/news">Bronte </a></li>
<li><a target="_blank" title="Cremorne Point" href="/news">Cremorne Point </a></li>
<li>Dawes Point </li>
<li><a target="_blank" title="Earlwood" href="/news">Earlwood </a></li>
<li>
<a target="_blank" title="Kensington" href="/news">Kensington</a> </li>
<li><a target="_blank" title="Newtown" href="/news">Newtown </a></li>
<li><a target="_blank" title="Parramatta" href="/news">North Parramatta </a></li>
<li><a target="_blank" title="Pyrmont" href="/news">Pyrmont </a></li>
<li><a target="_blank" href="/news">Sans Souci </a></li>
<li><a target="_blank" title="Wollstonecraft" href="/news">Wollstonecraft</a></li>
</ul>
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John McGrath says property market 'breather' the start of long-term growth

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A property investor who terminated a contract to buy a Sydney Northern Beaches property after successfully bidding for it at auction has been ordered to pay the vendor almost half a million dollars in compensation and costs.
The compensation covers the shortfall between the original December 2009 winning bid of $2.3 million and the subsequent sale in February 2010 for $1.95 million: $350,000 plus interest and $50,000 in legal costs.
The case dates back to December 12, 2009, when David Anthony Burnet and Pamela Jane Clancy sold their $2.3 million home at Edgecliff Boulevard, Collaroy Plateau, to defendant Lily Maria Gubbay at auction.
Gubbay signed a contract for the two-bedroom house overlooking the ocean and provided a cheque for the 10% deposit of $230,000 to the agent, Cranston Schwarz of LJ Hooker Freshwater.
The cheque was subsequently dishonoured.
On December 16 2009, Gubbay’s lawyer told the vendors she had “no money” and the contract was cancelled by the vendors on December 29 2009.
Court documents reveal that Gubbay owned three other investment properties at the time – in Manly (valued at $950,000 with liabilities of $226,000), Salamander Bay (valued at $380,000 with no liabilities listed against it) and Townsville (valued at $500,000 with liabilities of $492,000).
“The Balance Sheet recorded that the defendant had total assets of $1,830,000 over liabilities of $718,000,” court documents say.
Gubbay was only able to pay $50,000 of the required $230,000 deposit, with her lawyer arguing that acceptance of this amount affirmed the sales contract.
However, Justice Patricia Bergin ruled otherwise: “The fact that the [vendors’] agent banked the $50,000 and the plaintiffs did not direct the agent to return it does not affect the plaintiffs' right to terminate.”
“That right is lost ‘as soon as the deposit is paid in full’. Those words in clause 2.5 of the contract evidence an intention of the parties that even though part of the deposit might be paid, the right to terminate was not lost until the full deposit was paid.”
Bergin also dismissed a counter claim from Gubbay for the return of the $50,000 deposit.
She said the conduct of Burnet and Clancy was “beyond reproach”
“They were entitled to terminate the contract when the deposit cheque was dishonoured on 17 December 2009. However they did not do so immediately and conducted professional discussions through their solicitors and provided the defendant with an opportunity to pay the full deposit. The defendant did not avail herself of that opportunity.”
Real Estate Institute of Australia acting president Pamela Bennett says the ruling reinforces the fact that an auction process is legally binding.
"At all auctions you must be able to pay the deposit. It is unconditional," she says.
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Auction buyer ordered to pay $350,000 shortfall after failing to settle

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Amid deteriorating confidence about the economic outlook, Australian investors now expect their property assets to outperform their share portfolios. 
Only a quarter (26.5%) of the 820 investors surveyed by research house CoreData believe shares will outperform residential property over the next quarter of 2011, compared with more than half (55%) who believed so in the second quarter. 
Investors believe all investments, apart from residential property, will perform worse in the next three months. 
In terms of value, residential property has the greatest worth among the investments held and savings has the least, the survey found. 
The affinity for property is not surprising, with 44% of investors saying not holding enough assets makes them feel insecure. 
More than a half (55%) are worried about not earning enough money and 45% are worried about paying off their debts. 
Overall, the survey uncovered a dramatic fall in investor sentiment in the third quarter with the index now sitting at -21.7, a drop of 15.7 points. 
Investor sentiment is now at its lowest level since the first quarter of 2009. 
“Australians are clearly panicking and preparing for tough times ahead,” says CoreData head of advice, wealth and super Kristen Turnbull. 
“They are shaken by the recent US and European debt crisis and are concerned over the fallout of economic uncertainty.” 
“Eighty per cent of respondents predict an economic slowdown over the coming quarter. Investors have become much more negative about business conditions with 68% of respondents expecting them to deteriorate, up from 44% last quarter”. 
The survey uncovered negative sentiment towards business and economic conditions from all demographics, with women more concerned than men. 
Other findings from the survey: 
<ul>
<li>Superannuation funds (69%) and savings accounts (65%) remain the most commonly held investments, followed by direct shares (36%). </li>
</ul>
<ul>
<li>Three out of 10 investors are most likely to rebalance towards cash over the next quarter.</li>
</ul>
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More investors think property will outperform shares: Survey

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The City of Perth will continue to develop its CBD laneways as retail vacancies rise and more than 22,000 square metres of retail stock is due to hit the market over the next 12 to 18 months.
Almost one in 10 (9.7%) retail properties are currently vacant in the Perth CBD, compared with a vacancy rate of 7.4% recorded in November 2010.
The revitalising of Perth laneways began with the redevelopment of Wolfe Lane in 2008 off Murray Street just behind His Majesty’s Theatre.
The new Apple store backs on to Wolfe Lane with Knight Frank agent Amy Matraszek calling it a “Melbournesque-style laneway with Bars, Cafes and stylish services”.
Matraszek is currently seeking a tenant for up to 250 square metres of retail space at 321 Murray Street, with Wolfe Lane running down the side of this building. The gross rent is $1,500 per square metre.
“This is a rare opportunity to become part of the ‘ants trail’ effect from the traditional malls, without the mall price tag,” she says.
Grand, Mclean and Howard lanes are the next city laneways currently being upgraded.
Excluding the current laneway projects, the city has around 30 laneways that could potentially be redeveloped.
According to Savills, the laneways project aims to encourage greater use of these valuable inner city spaces, stimulate commercial interest and reinvigorate the atmosphere.
An increase in prime rents is blamed for the rise in vacancies.
Rents in the Hay Street Mall, Perth’s premier shopping arcade, currently sit between $2,200 per square metre and $4,800 per square metre.
Vacancies in CBD malls have also risen over this period – up from 7.1% to 8.6%.
Clothing, footwear and personal accessory make up the majority of the space in retail arcades at 35.7% followed by cafes, restaurants and takeaways (17.6%) and service businesses (16.1%).
The biggest retail development currently under construction is Saracen Properties’ 13,000 square metre Raine Square project at 298 Murray Street, due to be completed next year. It forms part of a 44,000 square metre, 20-story office tower, which has been leased to Bankwest. The retail component – 53 shops, a supermarket and food hall - is 70% pre-leased.
Brookfield Multiplex is developing a new city square at 125 St. Georges Terrace which will comprise 6,000 square metres of retail space. Stage one is due for completion at the end of 2012, whilst stage two is due for construction in 2012.
Another major long-term plan is the $2 billion Perth City Link Project expected to deliver boutique office, retail and residential to the Perth CBD market by 2016.
Around 24,000 square metres of retail, hospitality and commercial floor space will join the market as part of this mixed use development which will link   city’s retail hub with the Northbridge entertainment precinct.
Expressions of interests for the City Link Project will be open until November 10 with a final selection expected by the end of 2012.
Despite the current high vacancy rate, Savills says the strong economy and the increased mining activity, means the long term outlook for retailing in Western Australia looks positive.
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Perth to develop Melbourne-style laneways as retail vacancies rise

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Recently, I received an emailed from a concerned Property Success viewer who had seen my photo and biography featured on a website alongside a number of ‘infamous’ property ‘experts’ – you know, the kind whom A Current Affair is always chasing down the street, and who answer each question with ‘no comment’, or hide in the ladies room to avoid difficult questions being posed by disgruntled followers. 
This website listed five people amongst their ‘expert dream team’ and, lo and behold, there were my details, at number three! Upon further reading it was clear that I wasn’t actually appearing anywhere with my alleged fellow dream team members, and I could tell that the information and photo had been ripped from another legitimate site else ¬where. But, the point was made and anyone who knew little about these things would easily have thought that I had gone over to the dark side! 
Enlisting a friend who is great at chasing down detail, we explored further and discovered that there exists a form of ‘pyramid marketing for wealth creation sites’. We pieced the detail together and, to the best of our ability, this is how we think these things go.
An internet marketing seminar is promoted at a property investor seminar – anyone with a passion for property and something to say can enlist to learn (you guessed it!) the secrets of making money via the internet. The fee to attend such a marketing seminar is a few thousand dollars and as the return is promised as being exponential many sign up.
At this seminar, attendees are provided with a skeleton website to which they can add their own personality and they are taught how to use it to make money.
The resulting website, owned by the usually unsuspecting property investor, will have some kind of flashy name which infers the capacity to create boundless wealth, such as www. pathwaystoriches.com.au. www.millionairesinaminute.com. au. The websites are all similar in a number of ways. They usually offer four or five ‘free gifts’ if you sign up (believe it or not, I was allegedly offering one of these free gifts!), and the page detailing the ‘dream team’ contains many of those suspect experts I alluded to before. 
There are also features where the website owner’s own personality and expertise (if any) can be displayed – blogs, articles etc., and there is always the chance to buy product of some description – books, tapes and other investor tools. While all of the websites are different, they all have a visual similarity which is obvious once you visit a few – a sensationalist overtone and a lot of flashy, wild claims, inferring the potential for untold riches. 
Poke them a little and they will fall apart, as there is little use to any of the information, and the people at the top of this pyramid are shamefully taking advantage of those who might otherwise simply have had some good intentions and the desire to be in their own business. The website that I was first made aware of which had my details (which turned out to be one of many) was owned by a nice young man who seemed genuinely hurt that I was angry, as he believed I was fully aware and agreeable to what was going on. He further volunteered that the people who set up the site for him, those who were coincidentally part of that dream team, had promised him commissions which he was still waiting for. 
I have spent a lot of money having lawyers chasing down such people and ensuring references to me are removed from such sites, and I trust that those who know me will also know that I will never plunge into any such mis ¬adventure. Sadly, some of those people who have sites such as these have gone on to offering the very mentoring and seminars which Arthur found useless, and regardless of how verbal I am, not a lot seems to be changing. 
The best way for us to ensure that these kinds of opportunists don’t profit any longer from these tactics is to stay educated and refuse to pay these ridiculously large sums of money for information from people whose backgrounds are questionable. Just because an expert can vaguely refer to a successful background or experience doesn’t make it real – and many have no hard evidence that the success they claim to have even exists.
As I said, you will need to spend some money to gain a good education and to get the right support team around you. Before you do, research as much as you can, ask for evidence of the success of the person offering you the help, and get testimonials from others who can show that they have actually succeeded themselves as a result of following the advice. Anyone can publish a book and get a great looking website these days, yet that is simply no measure of their true capacity to guide you well.
Margaret Lomas is a best-selling author and writes and hosts the popular Property Success With Margaret Lomas and heads up the panel on Your Money, Your Call, both on Sky News. This article is an excerpt from her latest book, Investing In the Right Property Now. For more information about the book, <a href="https://majorstreet.com.au/53/investing-in-the-right-proeprty-now/" title="Investing in the right property now" target="_blank">click here</a>. 
 
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mlomas-KC9MUPZ6Ca

Wealth creation websites generally too good to be true: Margaret Lomas

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Canberra is within cooee of again matching Sydney’s median house price. 
Its $490,000 dwelling median price is within 2% or $10,000 of Sydney’s $500,000 median, according to the latest RP Data-Rismark index.
The gap for houses is $12,625, with Sydney’s house median at $561,625 and Canberra’s house median at $549,000.
Canberra houses were up 3.8% over the year to July, with Sydney house values easing 0.6%.
The gap for units is slightly wider at $38,500 with Sydney’s unit median at $458,500 and Canberra’s unit median at $420,000.
Sydney unit values were up 2.5% over the year to July but Canberra’s median unit value eased 5.9%.
RP Data national research director Tim Lawless  says the gap between Sydney and Canberra median dwelling prices was on a consistent narrowing trend between June 2000 and January 2009.
<img src="/images/stories/canberrachart.jpg">
“During this time the price gap narrowed from a peak of about 60% in June 2000 to January 2009 when the median prices were equal to each other.
“Since that time median prices across the two cities have remained fairly level,” Lawless notes.
Lawless says the reasons are likely to be varied.
“Household incomes in Canberra are some of the highest in the nation, rental rates are also quite high.
“In July the average house rent was $524 a week compared with Sydney’s $549 a week, which encourages more people to own.
“And land supply remains very tight which is another driver of higher home prices,” Lawless notes.
Canberra’s average equivalised disposable weekly household income was put at $1,101 in ABS data released last week, which was 30% above the national average.
Sydney’s was just 1% above the national $848 weekly average.
Picture courtesy of Australian Capital Tourism
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