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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<img src="https://counter.theconversation.edu.au/content/57114/count.gif" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
In 1960, when the America computer scientist Ivan Sutherland developed Sketchpad, described as the first computer graphical user interface, it changed the course of architecture.
It was the first recorded tool enabling designers to interact with the computer graphically, using a light pen on the monitor.
This laid the foundation for computer aided design (CAD), which, over the next 60 years, replaced the drafting pen and tracing paper with the mouse and monitor in most architectural practices.
But while, for most, computing in architecture is a replacement technology, there are always rebels who want to experiment.
Architects think and draw at the same time, at the design stage as well as detailing the building for construction. And it quickly became apparent that no software can think or design as fast as a doodle on paper (or the infamous napkin). Nor could a program replace the lateral problem solving ability of a human.
All CAD software has limitations. Developers simply cannot program enough tools within the software environment to cater for all the possible applications, let alone to condition creative and lateral thinking.
<h2>The architect programmer</h2>
But why only work within the software written by others when you can write your own? Since the 1970s, a number of pioneering architects and designers have taken it on themselves to be both programmer and designer. In other words, they started to program design.
What emerges at first are the use of algorithms in design to develop forms and spatial organisation through programming logic. With advancement of software and interjection from other disciplines such as film, aerospace and product engineering, architects are now designing ever more complex geometries to explore unprecedented spatial conditions and relationships.
A built example is the Atrium at the Federation Square, in Melbourne, Victoria, by LAB architecture studio. This urban atrium not only constructs new relationships between the city and the river, it also creates a multi-layered space for social encounter and art installation. Structures like these are difficult to conceive in the human mind.
This experimentation in programming design has surfaced as the main stream of architecture design in the past ten years. Computing in architecture is having a deeper impact than ever before: from complex analytical and design tools that allow us to understand the spatial syntax of cities to fully integrated three-dimensional models (commonly known as Building Information Modelling or BIM) and, eventually, linking design with structural analysis to name a few examples.
<h2>Programming materials</h2>
When an architect thinks through drawing and three-dimensional modelling, this is essentially stimulating what the real materials (brick, concrete, steel or timber) can or could be. That’s to say we design in a virtual environment before implementing it in the physical world.
With the recent availability of 3D printers and numeric control machinery, such as CNC routers and laser cutters, designing with computers is bringing architects closer to the material.
Not surprisingly, computer aided manufacturing (CAM) has a history as long as CAD. It was originally designed as a parallel workflow by computer scientist Patrick Hanratty in 1958.
The first known CAD/CAM software is called PRONTON (program for numerical tooling operations). CAM software translates drawing directly into machine code which can be used to cut, print or shape material.
Thanks to the pioneering work of Hanratty, designers can now “talk” directly from computer to machinery. This direct interface with the computer allows us to build very complex geometry.
The Articulated Timber Ground pavilion is recent design research project at the Melbourne School of Design (MSD). Consisting of 1,752 unique components, the pavilion changes its form throughout the sections.
The geometry captures the various ergonomic positions from seating to lounge position. Here, computing allowed us to generate an integrated three-dimensional model for digital fabrication.
The model contained the geometric information, ergonomic data, structural analysis as well as fixing and joint detailing. The position of every single drill hole was defined using a custom algorithm.
The entire pavilion took two days to install with prefabricated parts. It also challenged the way we usually communicate building information through indexing and reading the data for assembly using a tablet.
In the same way as designers start to program design, we can now program how we build things. In other words, we can program material. If we understand its behaviour, we can start to manipulate this as well.
Research at the ETH Zurich, in Switzerland, has developed a number of research pavilions that explore precisely this method of designing using robotics.
At this level of computing using numeric control tools, materials can be stretched and transformed into shape. Our research is developing a new way of fabricating a uniquely curved wall system that can be used as a temporary meeting pod in a flexible working and learning environment.
From the straight line of early CAD software to free form geometry, computing has liberated the creativity of the profession in the past 60 years. The impact of computing in architecture is immense and this will continue to shape the future of our cities.
Imagine the day where our building materials are programmable to suit any design.
Paul Loh is lecturer in digital architecture design, University of Melbourne and author for The Conversation. He can be contacted <a href="https://theconversation.com/profiles/paul-loh-252075" target="_blank">here</a>.
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jchancellor-FAypfDUnLy

Computing helps with the complex design of modern architecture

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Vicinity Centres and ISPT’s first joint venture in New South Wales to redevelop the Warriewood Square Shopping Centre in northern Sydney is complete, with the refurbished complex opening on Thursday.
The $87 million makeover added around 8,000 square metres of retail space, while also upgrading the existing centre. 
In all, there are 110 speciality stores and kiosks at the shopping complex, including a new Aldi, an upgraded Woolworths and a redesigned Kmart. 
“We are proud to offer the Northern Beaches community a new destination for vibrant fashion, fresh food, dining options and a place to meet friends and family,” said Jon Savell, Vicinity Centres director of development. 
ISPT’s general manager, Retail Services, Sam Curry, said: “We’re proud to unveil features including a Vicinity Kids Play at the Square zone with a unique beach-theme, new parents’ rooms and upgraded amenities.”
 
 
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jonathanchancellor-7SQnKwU6yx

Warriewood Square shopping centre opens after $87 million makeover 

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<img src="https://counter.theconversation.edu.au/content/57114/count.gif" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
The federal government’s recently released Smart Cities Plan is built on three pillars: smart investment, smart policy and smart technology. Yet, it also suggests that cities are first and foremost for people and if our cities are to continue to meet their residents’ needs, it is essential for people to engage and participate in planning and policy decisions that have an impact on their lives.
Despite this quintessential policymaking statement, the plan largely uses language that conveys a limited role for people in cities: they live, work and consume. The absence of a more thorough response is surprising considering the rich body of work calling for better human engagement in the smart city agenda.
South Korea’s early “U-city” (ubiquitous city) experiments, such as New Songdo, were engineered by the national chaebol such as Samsung and SK Telecom, and their deployment was assisted by top-down policy directives. Germaine Halegoua laments a missed opportunity to use the ubiquitous computing at the core of the U-city for community engagement and participation.
Eric Jaffe critiques Rio de Janeiro’s flawed smart city brain, the Integrated Centre of Command and Control, made by IBM. He <a href="">proposes four key lessons</a>, all of which point to the forgotten focus on people. In the same city, however, there is also hope.
<h2>People-first approach</h2>
Alessandra Orofino founded Meu Rio, Rio de Janeiro’s largest mobilisation network, which is now expanding to the rest of the world. In her TED talk, she suggests:
It’s our city. Let’s fix it.
What this simple statement entails is profound: the citizen’s right to the digital city. It is a cultural shift in thinking that people have to be at the core of any smart city agenda. And urban dwellers ought to be enabled not only to actively participate in city-making, but also to lead such initiatives.
There are more and more accounts reminding us that the city is more than just a space governed by investments, policies and technology. Martijn de Waal describes his notion of city as interface. Barbara Thornton considers the city as platform. And Ethan Zuckerman takes us back to when cities were appreciated for their function as serendipity engines that allow for the sagacious discovery of diversity.
<h2>Open and agile cities</h2>
What comes hand in hand with this renewed focus on people is a changing role of local governments away from roads, rates and rubbish, and towards enabler and facilitator, and towards cities being open and agile.
Open data is a pertinent example to illustrate this process. In the early days of Government 2.0, the focus was on identifying government-held datasets that could be made available in public repositories such as data.gov.au.
These days, the Open Data Institute Queensland, the Open &amp; Agile Smart Cities network and other entities are prompting governments to go further: to support new private-public partnerships that bridge the common triad of disconnect between technology and government, government and people, and people and technology. Nationally, a leader of such partnership models is Code for Australia.
Cat Matson is on a quest as the City of Brisbane’s chief digital officer to transform it into a truly smart, connected city. From her recent visit to Singapore, she brought back key lessons for Brisbane and other local governments:
<ul>
<li>Design a city (or a solution/system) that, when you’re no longer in government, you’ll be proud of.</li>
<li>Identify real problems, for industry, citizens or government, which could be solved with a digital solution.</li>
<li>Use design thinking to develop solutions to those problems.</li>
<li>Get as many stakeholders involved in that design-thinking process as possible.</li>
<li>Be smart about the role of government and industry in executing those solutions.</li>
</ul>
<h2>Spaces for urban and civic innovation</h2>
Cities have not only to focus on people first and be open and agile, they also have to provide space – digital and physical – for people to come together and collaborate on urban and civic innovations. The most successful examples demonstrate an appreciation for a diverse range of places that form a network or a local innovation ecosystem.
Such spaces are not limited to the typical business startup incubators. In fact, they are often skunkworks that are free, open and messy, because the process of creative imagination that leads to innovation is messy.
In London, the British government’s innovation program devoted to cities, the Future Cities Catapult, has paired up with 100 Resilient Citiesand Ordnance Survey’s Geovation Hub to create the Urban Innovation Centre.
In Vancouver, local universities and the City of Vancouver have partnered to create CityStudio Vancouver:
… an innovation hub inside City Hall where staff, university students and community members co-create, design and launch projects on the ground. The central mission of CityStudio is to innovate and experiment with the ways cities are co-created, while teaching students the skills needed to collaborate on real projects in Vancouver with City staff and community stakeholders. These projects improve our city and enrich our neighbourhoods, making the city more liveable, joyful and sustainable.
In Melbourne, Code for Australia has opened the first Civic Lab.
Considering Australia’s staggering level of urbanisation – close to 90 percent of the population – it will be paramount to think carefully about how best to invest in the future of our cities. Governments and policymakers have to recognise and enable people as active agents of change towards more habitable and sustainable cities.
Marcus Foth is professor, Urban Informatics, Queensland University of Technology and author for The Conversation. He can be contacted <a href="https://theconversation.com/profiles/marcus-foth-199317" target="_blank">here</a>.
 
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Early experiments show a smart city plan should start with people first

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Commercial property sales in Perth remained stable in the past three months, according to the latest Cityscope from CoreLogic RP Data.
The last three months to the beginning of June 2016 recorded 19 sales for a total of more than $240.4 million; with $228.5 million for commercial, $5.5 million for commercial strata, $1.5 million for retail strata and $5 million for other. In comparison, the three months to the beginning of March 2016 recorded 22 sales for a total of more than $653.5 million; with $600.2 million for commercial, $5.9 million for commercial strata, $19.5 million for retail, $900,000 for retail strata and $27 million for other.
The 12 months leading up to the beginning of June 2016 recorded 80 sales for a total of over $1.83 billion, up by more than $1.4 billion than the recorded figure for the same time period the year before.
The table below shows sales recorded for the past eight updates of Perth Cityscope:
<a href="/images/2016/06/17/Screen%20Shot%202016-06-17%20at%2012.03.45%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/06/17/Screen%20Shot%202016-06-17%20at%2012.03.45%20PM.png" alt="">
The top three most significant sales recorded this quarter together totalled over $206.1 million.
<ul>
<li>The Exchange Tower, 2 The Esplanade, Perth. Built in 1992 at a cost of about $270m; 34-storeys, comprised of 33 levels of office space, ground floor retail space and 5 levels of parking. Private Property Syndicate sold its 50% interest for around $113.5 million to Primewest Funds Ltd. Josh Cullen of CBRE, together with Rob Sewell and Simon Storry of JLL negotiated the sale.</li>
<li>St Georges Centre, 81 St Georges Terrace, Perth. A 15 storey office building developed by AFT in 1987. In March 2016 the property went under contract for around $84 million to ARA Asset Management Limited, on behalf of a real estate fund. John Williams and Nigel Freshwater of JLL negotiated the sale which represented an initial yield of 7.25% on passing income of approximately $6.09 million.</li>
<li>482-484 Murray Street, Perth and a right-of-way. A two storey warehouse known as the Sara &amp; Cook Building, built circa 1930, with a 128 sqm right-of-way leading to Wellington Street. Bought for $8.65 million by Goldvista (Perth) Pty Ltd.</li>
</ul>
<a href="/images/2016/06/17/Screen%20Shot%202016-06-17%20at%2012.06.10%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/06/17/Screen%20Shot%202016-06-17%20at%2012.06.10%20PM.png" alt="">
Properties listed for sale include:
<ul>
<li>32 Ord Street and 34 Ord Street – a single level house and a two-level office building. For sale with vacant possession and an asking price of $5,100,000; agent, Burgess Rawson (Rob Selid and Brian Neo).</li>
<li>1/33 Barrack Street, Perth – a 45 sqm retail unit on the ground floor plus 10 sqm in the basement. For sale by offers to purchase; agent, CNI Commercial Property Group (Colin Pang and David Walser).</li>
<li> Lot 38/171 St Georges Terrace, Perth – a 189 sqm unit with 76 sqm of retail space on the ground floor retail space and 113 sqm of office space on the upper level, plus a 5 sqm balcony. For sale with an asking price of $1.269 million; agent, Ray White Commercial WA (Stephen Harrison).</li>
</ul>
Cityscope covers 28 predominantly capital city CBD markets across Australia and New Zealand, providing a rich level of property level data including building attributes, tenancy detail, sales and ownership.
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prateek24-ezbwHMbNAk

Perth commercial market sales stable in last 3 months: Cityscope

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A property in Canberra fully leased to the world famous fitness chain Gold's Gym has recently sold for $4,050,000 through Burgess Rawson.
The 81 Gozzard Street, Gungahlin, ACT 2912 property was recently built in 2013 and has an area of 1,079 square metre.
The tenant is on a 10-year lease to March 2023 with further options to 2033.
The net income from the property is $314,404 pa + GST and there is a an annual 3.5 percent rental increase. The tenant pays all outgoings, as per lease.
Gungahlin is a suburb in Canberra with a projected population growth of more than 20% to over 70,000 by 2021.
The property is located within the busy town centre and surrounded by new construction of housing, Bunnings and cinema project.
The selling agent was Dean Venturato.
 
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Gold's Gym in Canberra sells for more than $4 million through Burgess Rawson

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An award-winning penthouse office in one of Melbourne’s top retail hubs is about to hit the market with price expectations of more than $6.5 million.
The <a href="https://www.realcommercial.com.au/property-offices-vic-south+yarra-501998198" target="_blank">529 Chapel Street office in South Yarra</a> has an area of 675 sqm and is on two levels. 
It has won several awards, including one of New York’s most prestigious design awards in 2015, taking out Interior Design Magazine’s Best Interior Design Award. It was also named a finalist in the Workplace Design and Workplace Less Than 1,000 sqm categories at the 2015 Interior Design Excellence Awards in Australia. 
It is being sold through Colliers International’s Daniel Wolman, Oliver Hay, Ben Baines and Chris Ling on behalf of local developer Bill McNee. 
“This is a truly unique offering – there is no other office in Melbourne that compares to this one,” Wolman said. 
The office is expected to attract strong competition from office users, hospitality operators and luxury residential buyers.
“On offer is the world’s best office in the heart of one of Melbourne’s trendiest and most sought after suburbs,” added Wolman.
The office has communal and private workspaces, innovative entrances, steam rooms and luxury finishes with multiple rooftop terraces. Luxury features include a Sonos sound system throughout, automated bi-fold doors, a teppanyaki grill and beer taps on the external terrace. 
“The building would be well suited to a family office or small-to-medium business looking to take advantage of the immediate access to extensive surrounding amenity,” said Hay.
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Trophy penthouse office in Melbourne's Chapel Street up for grabs 

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A brand new 7-Eleven service station in Byford in Perth’s south eastern residential corridor is on the market.
The site at 76 Abernethy Road benefits from a strong tenancy profile, with a 15-year lease to national retailer, 7-Eleven Stores Pty Ltd, plus options until 2056. 
The property earns a net annual income of about $310,000. 
The sale is being handled by CBRE’s Ben Younger and Kate Foley on behalf of Emmett Property via an offers to purchase campaign closing July 1.  
Foley said the property’s location in the high-growth area of Byford would be a major selling draw card.
“The property is positioned to benefit from ongoing growth in the Byford area, supported by the new Byford Village Shopping Centre, which is due for completion in 2017,” Foley said. 
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New 7-Eleven service station in Perth’s Byford up for sale 

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Melbourne’s office market is seeing much activity from offshore buyers, according to recent sale deals by Colliers International.
To illustrate the point, a 450 sqm freestanding office and retail building at 318 King Street was bought by a private investor from China for circa $5 million within two weeks of its listing. 
The deal was brokered by Colliers International’s team of Oliver Hay, Daniel Wolman and David Sia. 
The property is a two-level building on a 231 sqm site with King Street frontage and rear access via Eagle Alley. 
Hay said the buyer intends to lease out the property in the short term before occupying it. The same buyer earlier bought a development site in the nearby area.
Another recent sale was that of Level 2, 21 Victoria Street for $1.395 million to an offshore developer looking to establish themselves in the Melbourne CBD.
“A big theme in this sector of the market at the moment is that these purchasers are not just buying development sites, they’re buying offices as well, as they are keen to set up a physical presence,” said Hay.
“Of five strata office floors sold by our team in the last two weeks in the Melbourne CBD, half have been sold to offshore groups looking to establish a physical presence for themselves in Melbourne.
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Offshore buyers setting up presence in Melbourne's office market

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A motel in the Canberra suburb of Ainslie has exchanged hands in an off-market deal through CBRE Hotels.
The Best Western Tall Trees Motel at 21 Stephen Street was bought by Elanor Funds Management for $14,200,000 from Tall Trees Motel Pty Limited. 
The 79-room motel includes a bistro restaurant, manager's apartment and 71 onsite car parking spaces. It is owner operated, under management – with a franchise agreement in place with Best Western. The property has a site area of 5,797 sqm.
The passing yield was 8.2 percent.
Canberra posted strong growth across all major hotel indicators for the year to March 2016, indicating that the market has managed to cope with the increases in supply, according to CBRE. With no new supply scheduled to come online until mid-2017, Canberra should experience further increases in occupancy leading to rising hotel performance, according to the media release.
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Canberra motel exchanges hands for $14.2 million

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The industrial market in South West Sydney is emerging as a competitive playground for developers and owners/occupiers as shortage of stock pressures the market. 
Reflecting the area’s investment appeal, a private investor recently purchased a freestanding industrial property at Condell Park for $5.3 million from Marion Developments Pty Ltd through CBRE.
Located at 390-396 Marion Street, the 12,100 sqm site comprises a 4,000 sqm building area, featuring high clearance warehouses split across three separate buildings.
Selling agents Ryan Jennings and Tom Rourke of CBRE said there was high demand for freestanding property in Sydney’s west.
“Western Sydney continues to be one of Sydney’s most sought after real estate markets, with both residential and commercial developers looking to gain a footprint in the tightly held area,” said Jennings. 
“As industrial and logistics users trend away from the tightening South Sydney and inner west industrial market, industrial areas situated further along the M5 such as Condell Park and Bankstown have seen keen interest from investors and owner occupiers,” added Rourke.
The property is nearly 33 km from Sydney CBD and has access to the M5 motorway.
 
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Safari Group offers low-touch investment proposition in Queenstown’s popular ski fields district

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

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