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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It’s no secret that A-REITs were one of the hardest-hit asset classes during the GFC, and while A-REITs have taken the lessons from the GFC to heart, investor confidence has been slow to recover – and to reward the sector for its prospectively more stable business models and income streams.
While there is still need for investor caution, evidence is mounting that there are opportunities in the sector for those seeking income opportunities.
Today’s A-REITs are markedly more conservative than their pre-GFC incarnations. Pre-GFC, many A-REITs added leverage, increased their offshore investments, branched out into areas associated with less stable income streams, such as funds management and development, and became more aggressive in their earnings-to-dividends payout ratios.
Since this time, gearing ratios have returned to pre-GFC levels of about 30%, due to a combination of rebounding asset valuations and equity recapitalisations (rights issues). Several A-REITs have announced plans to wind down their overseas exposures and reduced or abandoned their efforts to pursue non-core fee streams. A-REITs are making allowances for capital expenditure and other expenditures while reducing earning payout ratios from nearly 100% during the market peak to the more sustainable level of 80%.
Australian property fundamentals are fairly strong with occupancy levels for core, major property types (office, retail and industrial) generally in excess of 90%, positive if modest pressure on leasing rates, and low overall levels of new supply. These fundamentals indicate a stable valuation outlook at the asset level, with future valuation gains to be driven by higher occupancies and slowly rising rents in the near- to mid-term.
Despite this, A-REITs underperformed their global peers during the GFC and have continued to do so during the global rebound. In fairness, US REITs have benefitted during the rebound from capital markets’ search for yield in the low-interest environment in the US, whereas A-REIT dividend yields in Australia are similar to those offered by term deposits.
That said, Blackstone’s bid for Valad Property Group at a greater than 50% premium to share price in late April may be interpreted as a sign international investors believe that in certain cases, the A-REIT share price discounts to net tangible assets (NTA) are exaggerated, and some represent buying opportunities.
Given the high degree of correlation between A-REIT and Australian equities performance, the major headwinds facing A-REITs are similar to those facing the Australian equity markets as a whole. These include: the drag of a high currency, modest though to positive non-mining related domestic growth, and uncertainty regarding the contagion effects of the European debt situation, sluggish US growth and a China slowdown.
In spite of these wider macro headwinds, there are a number of factors working in favour of A-REITs: the structural changes to A-REITs post-GFC, the stable outlook for Australian property fundamentals, the historical high component of income to overall return, and the current on-average modest discount of share prices from NTA. The combination of these elements means A-REIT shares now appear to offer a reasonable risk-return trade-off.
Martin Lamb is head of property, Asia-Pacific, for <a href="https://www.russell.com/au/" title="Russell Investments" target="_blank">Russell Investments</a>.
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mlamb-ry85zC4DDu

Today’s A-REITs – slimmed down, more stable, but not without headwinds

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Charter Hall has reportedly sold a Hunter Street, Sydney office block at a loss.
Anchored by the Dymocks bookstore on the corner of Pitt Street, the B-grade building was bought for $41 million in 2007 from Dymocks, and recently old at $36 million, according to the Australian Financial Review.
The 1959 office block, which was refurbished in 1997, was on the unlisted fund’s books with a $35 million valuation as at December 2010.
Its buyer, Malaysia-based IGB Corporation subsidiary, Cititel, plans to convert the 12-storey building into luxury hotel, given the city now has a hotel shortage and high occupancy rate.
The building, with 5,436 square metres of space, was listed through Savills, who indicated on its March listing that they were seeking up to $40 million.
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jchancellor-FAypfDUnLy

Charter Hall sells B-grade Sydney office block for a loss

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Mirvac is poised to sell a 50% stake in its under-construction 8 Chifley Street, Sydney office tower to listed Singapore commercial investment real estate trust K-REIT for $150 million.
The deal is due to be completed before the end of July.
K-REIT, a subsidiary of the Keppel Land Group, has adopted a strategy of making accretive acquisitions of office buildings, according to The Australian.
In May K-REIT purchased an additional four floors of the 30 storey Prudential Tower at 30 Cecil Street in Singapore, bringing its total ownership of the building to more than 92%.
It already owns the 18-storey 77 King Street tower in the Sydney CBD, which it purchased last year for $118 million, as well as a 50% stake in the 32-storey 275 George Street in Brisbane, purchased from Charter Hall in 2009 for $166 million.
Number 8 Chifley Street, a 30-storey office tower in the heart of Sydney, is due for completion in 2013 at a cost of $300 million.  Upon completion it will have 19,000 square metres of net lettable space.
Mirvac is yet to announce any prospective tenants for the building.
The premium grade building is designed by architect Rogers Stirk Harbour + Partners and Lippmann Associates in association with Mirvac Design.
Sydney CBD prime gross office rents are set to rise to an average of $849 per square by January 2012, according to an autumn 2011 report by the Property Council of Australia and Macquarie Bank.
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lschlesinger-FZcF9M3vE6

Singapore commercial trust to invest in Sydney tower

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<img src="/images/stories/95.jpg">
The passing yield generated following the <a href="https://www.propertyobserver.com.au/commercial/sussex-street-office-sale-yields-6-annual-growth/2011070750727">$32.5 million sale of Standards Australia’s 12-storey B-grade building</a>, on the corner of <street><address>Bathurst Street</address></street> and <street><address>Sussex Street</address></street>, in the Sydney CBD. It last traded at $15.25 million in 1999 – reflecting 6.2% annual capital appreciation. The block was bought by <state>Queensland</state>’s Cornerstone Properties, which is backed by <city><place>Brisbane</place></city>’s Pidgeon family. Ian Triganza and James Aroney at Jones Lang LaSalle negotiated the sale.
 
<hr>
<img src="/images/stories/315m.jpg"> 
The price paid by a local investor for a free-standing office building at <street><address>46 Fullarton Road</address></street> in the <city>Adelaide</city> suburb of <city><place>Norwood</place></city>. The sale represents an initial yield of 7% and was negotiated by CB Richard Ellis’s Ben Younger and Will Brown. The 1,717-square-metre building is fully leased with a net lettable area of 741.5 square metres.
 
<hr>
<a href="https://www.propertyobserver.com.au/commercial/eclectic-heritage-cbd-corner-sells-smartly/2011070650717"><img src="/images/stories/1909.jpg"></a>
 
The year a landmark <a href="https://www.propertyobserver.com.au/commercial/eclectic-heritage-cbd-corner-sells-smartly/2011070650717">heritage office building on the corner of Collins and <address>
<street>King Street</street>, <city>Melbourne</city>
</address></a>, which sold for about $14 million, was built. The deal was negotiated by Knight Frank agents Langton McHarg and Marcus Quinn. The six-level retail and office building, which is on the Victorian Heritage Register, has a net lettable area of 3,510 square metres and is on a site of 856 square metres.
 
<hr>
<img src="/images/stories/16.jpg"> 
The sales price achieved by Colliers agents Jim Shonk and Michael Heather for a retail site at 
<address>
<street>25 Garema Place</street>, <city>Canberra</city>
</address>. The property has a total net lettable area of 230 square metres and generated a yield of 8%. The property is currently tenanted by Flight Centre and Anton’s Hair Studio on five-year leases. The property was sold by the Green family to an undisclosed buyer.
 
<hr>
<img src="/images/stories/4248.jpg"> 
The size of the Granville development site sold by Parramatta City Council to a private developer for $2.02 million at auction. The site is located at <street><address>23 Elizabeth Street</address></street> and has development application approval for 19 townhouses. The sale was negotiated by CB Richard Ellis’ Harry Bui and Frank Oliver.
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Commercial sales wrap

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Standards Australia has sold its Sussex Street, Sydney office block for $32.5 million.
 The 12-storey B-grade building, on the corner of Bathurst Street, was last traded at $15.25 million in 1999 – reflecting a 6.2% annual capital appreciation. The sale shows a passing yield of 9.5%. The block was bought by Queensland’s Cornerstone Properties, which is backed by Brisbane’s Pidgeon family.
 It has eight levels of offices, plus four levels of parking with a net lettable area of 6151 square metres.
 Tenant SAI Global, which bought Standards Australia’s commercial businesses in 2003, and the University of Newcastle occupy most of the office space on leases that expire in 2014 with options for renewal.
 Standards Australia, an independent, not-for-profit organisation recognised by the Australian government as the peak non-government standards body in Australia, moved its headquarters to the Exhange Centre in Bridge Street in 2007.
 Standards Australia, originally called the Australian Commonwealth Engineering Standards Association, was founded in 1922.
 Its 2009-2010 annual report valued the Sussex Street building at $32 million, amid its $178 million investment portfolio, which now has no direct property holding.
 Since the building’s listing last September, marketing agents Ian Triganza and James Aroney at Jones Lang LaSalle had suggested it had residential conversion potential.
 Jones Lang LaSalle noted Sydney's central business district western corridor had accounted for 62% of the total stock increase in the Sydney city centre during the past 10 years.
 Colliers International had sought to secure $40 million in late 2008 for the office block.
 Cornerstone owns five industrial Brisbane properties, which were bought between 2005 and 2007 at an $18 million cost.
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Sussex Street office sale yields 6% annual growth

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<img src="/images/stories/oceanique2-cropped.jpg">
The raging Australian dollar pushing tourists offshore, a massive oversupply of housing and a contracting wine industry have combined to create an investment desert that runs from Mandurah, 70km south of Perth, through to Esperance near the Great Australian Bight.
Valuer Michael Valetta, director CBRE Perth, says residential prices throughout the south-west are very soft and will stay that way for years.
“The low prices may attract investors to places such as Mandurah, but they will not see much capital growth for years, with this trend most evident in the higher priced oceanfront and canal properties. An oversupply of land also exists in the Dawesville and Wannanup areas, with values very subdued as a result,” Mr Valetta said.
The prestigious Oceanique luxury apartment building at Dawesville, developed by Port Bouvard, is a prime example of a troubled market. The company has settled about $60 million worth of sales, across 25 deals, in the 66-unit, two tower, award-winning project.
“We had hoped to have all of the apartments sold by early 2012 but we are averaging one sale a month,” says Port Bouvard managing director Stephen Court.
Of the 25 sales, 19 relate to presales and six are deals secured since December when the company discounted some units by 40%.
“Late last year we decided we had to be savage with price cutting to stimulate interest and it brought several sales to the table and renewed interest,” Mr Court says.
Now prices are steady at 25% off original projections set in 2007. “We started marketing Oceanique in 2007 when the market was blasting along, so we were hit hard by the GFC.”
The company is pursuing some sales made off-the-plan through the Supreme Court.
About half of the 15 pre-sales are currently in mediation as part of the judicial process while, the balance is in ’sensible negotiations’ with the developer.
“Some people were ruined by the GFC and we are not interested in that type of business but we will go all the way to settle deals that were done,” he says.
Port Bouvard originally had a facility with St George Bank for $101 million for Oceanique, which had a completion value of $167 million. By June this year the company had paid $58 million.
Despite the rocky conditions, Oceanique has secured some impressive sales, with two penthouses selling to a Perth-based mining millionaire for $7 million to be used as a weekend retreat. Two other apartments sold for more than $5 million each and only two of the 25 settlements are for less than $1 million.
The project is considered one of WA’s finest, having won the Master Builders Western Australia Excellence in Construction for 2011 – (best multi-unit development). It also received a commendation from the Royal Australian Institute of Architects WA chapter’s 2011 awards for residential architecture.
However, further south, residential prices in WA’s beautiful south-west, where such iconic names as Margaret River, Dunsborough and Eagle Bay proliferate, are believed to have hit rock bottom.
“Prices have plummeted in this region over the past few years by as much as 20 to 30% from their peak in 2007 and the GFC ended any hope on improvement,” Mr Valetta said.
CBRE’s south-west senior valuer Justin Anderson says the Margaret River to Augusta region has taken a hammering.
“Yields are just terrible in the south-west. Residential property is lucky to see 2.5% to a maximum of 3.5%. Traditionally investors in this market have looked for capital growth rather than strong yields, but growth has dropped by as much as 50% in some areas.
“Cashed up people from Perth and the eastern states bough their south-west houses as toys and when the GFC hit, the first things to be sold where the toys,“ he says, adding that houses previously valued at $4 million in Eagle Bay were listed for $2.5 million.
There is little industry in the area to support residential investment and viticulture is contracting as demand shrinks. “In the marginal wine areas such as Nanup and Bridgetown people are pulling up their wines because there are no buyers out there and the strong Aussie dollar is pulling tourists offshore,” he said.
A recent report from CBRE also points to exceptionally soft conditions in Bunbury and Busselton, with few sales made and an oversupply of improved and vacant land.
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andreadixon-oif3j7eKne

Discounts of 40% on offer in WA's luxury coastal market

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A landmark heritage office building in Collins Street, Melbourne, has sold for about $14 million.
Agent Knight Frank had been confident it would set a benchmark price for 2011, in predicting $13.5 million-plus for the former New Zealand Loan and Mercantile Agency building prior to the sale.
It last sold in early 2003 for $6.94 million.
Built in 1909-10, the six-level retail and office building is on the Victorian Heritage Register.
The four upper office levels in the red brick and freestone building are vacant, with the Knight Frank marketing suggesting its easy conversion into a boutique hotel.
It was designed by Oakden and Ballantyne and built by Swanson Brothers, with its corner tower and metal-clad cupula accentuating the building's prominent corner siting on Collins and King streets.
Heritage Victoria attributes the building’s significance to its unusual and eclectic style, which was symbolic of a transitional time in Victorian architecture.
"The use of the Free or Edwardian Baroque styles in commercial buildings was unusual in Melbourne, and this building is now a rare example," says Heritage Victoria.
Knight Frank agents Langton McHarg and Marcus Quinn say it has a net lettable area of 3510 square metres and is on a site of 856 square metres.
Mr McHarg said the office space was ideal for refurbishment, with the new owner possibly occupying these floors.
Its 1,284-square-metre retail space is leased to Officeworks  and d-spa dental.
The building could be retained as an investment, subdivided into strata suites or even converted to residential or a boutique hotel.
"Opportunities to purchase office buildings with significant vacancies in the CBD are virtually unheard of," he said.
The New Zealand Loan &amp; Mercantile Agency Ltd was incorporated in England in 1865 and again after its financial collapse in 1894. Its main purpose was to provide investment and loan of money in New Zealand, and it extended its business to Australia in 1874. In 1961 the company merged with Dalgety &amp; Co Ltd.
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Eclectic heritage CBD corner sells for $14 million

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Strata and community title property owners are unlikely to be compensated in any carbon tax compensation package, according to lobby group Strata Community Australia (SCA).
The industry body claims about one third of energy usage in strata buildings is in common services such as lifts, air-conditioning and security lighting and is thus beyond the direct control of individuals.
Any change to energy use, SCA argues, requires a concerted and collective effort as well as specialist knowledge.
The SCA estimates there are about two million strata and community title lots in 270,000 schemes across Australia.
It has voiced its concerns less than a week before the government reveals the details of its carbon tax package on July 10.
According to the 2006 Census, 22.5 % of Australian households were in medium and high density dwellings.
According to SCA chief executive Mark Lever, any compensation package will be “fundamentally flawed” without specific measures to help Australia's 270,000 body corporates adjust to a low-carbon future.
Lever says the sector has already missed out on a “long list of past and present programs which failed to recognise that almost a quarter of Australian households do not live in standard detached housing”.
"We have seen governments time and again tailor programs for individuals and businesses and overlook the fact that, for many, basic services are provided through communal structures. “Recent examples include disaster relief, renewable energy incentives and the home insulation program," he says.
Strata Community Australia is the new name of the National Community Titles Institute, which advocates on behalf of body corporates and community title and strata property owners.
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Apartment and townhouse owners require carbon compo: industry body

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Prices for apartments in the inner-Melbourne suburb of Carlton are starting to rise following a decade of subdued activity.
Carlton, directly north of Melbourne’s CBD, comprises 14,000 residents.
It includes a high proportion of students, given its close proximity to the University of Melbourne and RMIT.
For the 10 years prior to November 2009, Carlton apartment prices increased by 2.9%, according to RP Data.
In the 10 months from November 2009 to November 2010, growth has more than tripled to 9.7% to a median unit price of $255,000
The current median stands at $275,000, an increase of 17% over the past year, but still highly affordable when compared to the Melbourne unit market, where the median unit price stands at $440,000 and is declining (down 3.8% on the year to May 2011).
In Carlton, unit prices are trading at a 2.1% discount while the 44 days they are on the market, on average, suggests there is some room for investors to negotiate on price.
Estate agents Dingle Partners list one-bedroom investment apartments in Carlton for sale between $200,000 and $220,000 and two-bedroom apartments under $500,000.
In a promotional video for the suburb, Dingle Partners lists Carlton’s close proximity to the city, its cafes and restaurants on Lygon Street, its “immaculately retained Victorian architecture”, European-styled squares and beautifully maintained public gardens as some of the attractions of the suburb.
Mario Lambiase from Ray White in Brunswick is currently marketing a one-bedroom student unit at 131 Pelham Street to investors. The unit has an annual net rental return just under $13,000.
The price is not disclosed, however another one-bedroom apartment in the same complex being sold by Moss Estate Agents is listed at $195,000 with tenants currently paying $1,325 per month.
Lambiase says the Carlton unit market has come back 5% to 10% in the last quarter.
“Buyers’ confidence is returning and they are starting to purchase,” he tells Property Observer.
According to Lambiase, there is strong investor interest in the market both locally and interstate, particurlarly given the large student community that rents in Carlton.
He lists the close proximity of Melbourne University, good transport connections, shopping and the cosmopolitan feel of Carlton as reasons to invest in the area.
Ben Williams from Hocking Stuart Carlton says investors have returned to the market, sensing there is good value in Carlton.
He says the 70%-30% split in favour of owner-occupiers over investors is now evening out.
“Rents in Carlton are very strong. They are holding up better than sales,” Williams says.
“If you are looking for an investment near to the city, this is a pretty safe place to park your money.”
Property valuer WBP says positive growth expectations for Carlton North (the residential zone north of Rathdowne Street) market remain strong in the medium and long term.
WBP attributes demand for Carlton primarily due to its proximity to the Melbourne CBD together with local facilities including parks, restaurants, bars and cafes, and universities.
WBP describes Carlton North as a “gentrified suburb with hospitality and lifestyle facilities en masse” including the cafes and restaurants on Lygon Street and green spaces of nearby Princes Park and Royal Park.
“Other local factors that support interest and underpin value include Melbourne University and local hospitals including the Royal Children's, Royal Melbourne, Royal Women's and the soon-to-be-completed Peter MacCallum,” the valuation group says.
Like Lambiase and Dingle Partners, WBP highlights nearby green spaces of Princes Park and Royal Park at Parkville, as well as the café culture and restaurants, as attractive prospects for buyers and renters.
“Carlton North is a highly-sought residential area with high value and strong growth potential.  Popular streets include Canning, Rathdowne and Station Street.
“Neighbouring suburb Prince Hill is also a popular residential location, which offers many of the same benefits as Carlton North,” the firm reports.
Carlton is also attracting developer activity, with Australand currently selling units off-the-plan for its 148-unit Lume project. A 40-square-metre, one-bedroom ground floor apartment in the Allure tower is being marketed for $430,000.
Lume will include three towers ranging in height from four to six levels around the block bound by Cemetery Road East, Cardigan, Keppell and Swanston streets. 
More than a third of the Lume apartments have been allocated as public housing.
The Carlton residential market is dominated by units, which account for 76.4% of all dwellings.
Being a student accommodation hub, 85.7% of units are rented – significantly higher than the 65.6% rental proportion recorded on average throughout the city.
As highlighted by Dingle Partners, Carlton is a well-established suburb with many preserved Victorian-era, heritage-listed buildings.
As a result, the majority of units are situated within old buildings, maintaining the architecture of their time.
According to the St George National Hotspots report, some such old buildings have received significant external renovations, while some newer buildings have taken their place, offering modern conveniences such as gyms and pools.
“As is the case for older suburbs of Melbourne, small cottage and terrace-style dwellings are still quite prominent and are likely to afford significant internal renovation potential,” the St George report says.
Median rents for Carlton units are recorded at $380 per week, and this figure coupled with the median unit price results in an indicative gross rental yield of 7.7%.
The suburb is well serviced by trams providing easy access to the suburb and the CBD.
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Hotspot: Investors tap into Carlton student rental market

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A house in Western Australia that debuted in the SQM most discounted list last winter has returned.
Described by SQM’s Louis Christopher as a seemingly aesthetically pleasing home, the four-bedroom Midland house comes with an asking price of $850,000 – a further $50,000 slashed off the price since SQM last reported it.
”This brings this property's total discount in percentage terms to 55%, having been discounted by over one million dollars since originally priced at $1,900,000,” Mr Christopher said.
It has now been advertised on the market for over 680 days, he said.
“All things considered, perhaps the original asking price was overinflated – with a last sold price of $720,000 in December 2007, a price tag of $850,000 seems slightly more realistic for a property in this Perth suburb,” he said.
Top ten most discounted properties
Rank: 1
Address: 4 Flora Street
Suburb: Midland
Postcode: 6056
First seen: 16/08/2009
Initial price: $1,900,000
Now asking: $850,000
Reduction: 55%
Days on market: 680
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008173508">https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008173508</a>
 
Rank: 2
Address: 1350 Wynnum Road
Suburb: Tingalpa
Postcode: 4173
First seen: 06/11/2010
Initial price: $700,000
Now asking: $380,000
Reduction: 46%
Days on market: 231
 <a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106966579">https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106966579</a>
 
Rank: 3
Address: 3 Boolari Road
Suburb: Gosford West
Postcode: 2250
First seen: 08/07/2009
Initial price: $990,000
Now asking: $580,000
Reduction: 41%
Days on market: 717
 <a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D105832903">https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D105832903</a>
 
Rank: 4
Address: 1/21 Ocean Drive
Suburb: Coogee
Postcode: 6166
First seen: 23/05/2010
Initial price: $2,700,000
Now asking: $1,600,000
Reduction: 41%
Days on market: 399
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106550670">https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106550670</a>
 
Rank: 5
Address: 232-234 High Central Road
Suburb: Macleay Island
Postcode: 4184
First seen: 11/01/2009
Initial price: $279,000
Now asking: $175,000
Reduction: 37%
Days on market: 896
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2007562500">https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2007562500</a>
 
Rank: 6
Address: 25 Vicary Street
Suburb: Triabunna
Postcode: 7190
First seen: 02/08/2010
Initial price: $299,000
Now asking $189,000
Reduction: 37%
Days on market: 329
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008491614">https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008491614</a>
 
Rank: 7
Address: 290 Viveash Road
Suburb: Swan View
Postcode: 6056
First seen: 05/06/2008
Initial price: $2,290,000
Now asking: $1,500,000
Reduction: 34%
Days on market: 1117
&lt;<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2007193295">https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2007193295</a>
 
Rank 8
Address: 46a Stock Road
Suburb: Attadale
Postcode: 6156
First seen: 21/03/2010
Initial price: $2,690,000
Now asking: ^$1,790,000
Reduction: 33%
Days on market: 462
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106404560">https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106404560</a>
 
Rank: 9
Address: 1/16 Dewar
Surburb: Ledge Point
Postcode: 6043
First seen: 15/11/2009
Initial price: $375,000
Now asking: $250,000
Reduction: 33%
Days on market: 588
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106138206">https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106138206</a>
 
Rank: 10
Address: 60 Summerfields Drive
Suburb: Caboolture
Postcode: 4510
First seen: 30/04/2011
Initial price: $362,000
Now asking: $249,000
Reduction: 31%
Days on market: 57
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D107363856">https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D107363856</a>
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