Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

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"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

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After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

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Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

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The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

[smartcode_project:default project_id=135096 project_image_fid=356829]

Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

[smartcode_project:default project_id=135096 project_image_fid=351104]

Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

[smartcode_project:default project_id=135096 project_image_fid=356822]

ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

[smartcode_project:default project_id=135096 project_image_fid=351102]

Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

Joel Robinson

From ONE to ERA: Why buyers are choosing GWH again in Newcastle West

Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.

Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.

"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.

"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."

[smartcode_project:default project_id=4661 project_image_fid=372549]

Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.

"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.

The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."

[smartcode_project:default project_id=4661 project_image_fid=314259]

Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.

According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.

Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.

[smartcode_project:default project_id=4661 project_image_fid=372550]

Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.

The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.

The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.

"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."

The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.

With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.

[smartcode_project_cta:default project_id=4661]

Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.

<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.

The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.

Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.

Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.

[smartcode_project:default project_id=102717 project_image_fid=355297]

The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.

Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.

"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.

The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.

[smartcode_project:default project_id=102717 project_image_fid=355293]

The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.

According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.

The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;

Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;

[smartcode_project:default project_id=102717 project_image_fid=355303]

The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.

"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.

"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."

[smartcode_project:default project_id=102717 project_image_fid=355304]

Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.

Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.

[smartcode_project_cta:default project_id=102717]

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

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>

&nbsp;

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?

For the first time in a long time, Australia's inflation story is starting to look more like a landing than a fight.

The latest Consumer Price Index figures from the Australian Bureau of Statistics showed annual inflation eased to four per cent in May, down from 4.2 per cent in April. On the surface, that might not seem like a major move. Inflation remains above the Reserve Bank's target range and some categories continue to record stubborn price growth.

But the significance of this result lies less in where inflation sits today and more in what it means for where interest rates are likely heading next.

The biggest takeaway is that inflation continues to move in the right direction.

Markets had been bracing for another sticky result after a period where progress appeared to stall. Instead, headline inflation came in softer than expected, helped by falling fuel prices and easing transport costs. Annual transport inflation halved from 6.6 per cent in April to 3.3 per cent in May, while automotive fuel prices fell 11.9 per cent during the month following lower oil prices and the impact of reduced fuel excise measures.

While petrol prices don't solve Australia's affordability challenges, they are one of the most visible and immediate costs for consumers. Falling fuel costs feed through the economy quickly, helping ease pressure on household budgets and business operating expenses.

The ABS data also showed headline inflation is now sitting at its lowest annual level in several months, reinforcing the broader trend that price growth is gradually moderating.

That trend is important because it aligns with what many economists and lenders have been saying for the last month.

Prior to this week's inflation data, ANZ, NAB and Commonwealth Bank had all shifted their forecasts, now believing the Reserve Bank had likely reached the peak of the interest rate cycle. Following the May inflation release, ANZ reaffirmed that view.

In its latest economic update, ANZ said it expects quarterly trimmed mean inflation to come in at 3.7 per cent for the June quarter, slightly below the Reserve Bank's forecast of 3.8 per cent. Importantly, the bank said that outcome, when combined with slowing economic activity, "supports our view that the cash rate has peaked".

The Reserve Bank has spent the better part of three years attempting to bring inflation under control through higher interest rates. If Australia's major banks are correct and rates have now peaked, the conversation shifts from how much higher rates could go to when they might begin coming down.

Westpac's caution comes from underlying inflation. The trimmed mean, the measure most closely watched by the Reserve Bank, increased from 3.4 per cent to 3.6 per cent annually. Housing inflation remains elevated at 6.5 per cent, reflecting ongoing increases in rents, electricity costs and new dwelling construction.

Electricity prices remain particularly problematic, rising 21.1 per cent over the past year following the removal of government rebates.

Housing construction costs are also showing signs of renewed pressure. ANZ noted new dwelling costs rose 0.9 per cent in May and are now running at an annualised pace of 8.6 per cent over the past three months. Builders continue to face higher labour, fuel and material costs, a reminder that inflationary pressures have not completely disappeared.

Housing affordability has deteriorated largely because of higher interest rates rather than higher property prices alone. Even modest reductions in mortgage rates would improve borrowing capacity, increase buyer confidence and reduce repayment pressure on existing homeowners.

While August is far from a certainty, the latest inflation result has strengthened the view that the next move in rates is more likely to be down than up. For borrowers, buyers and the development sector, that alone represents a significant shift from the conversation that dominated much of the past two years.

The inflation result the property market was waiting for

<html><body>
Sydney's Beecroft is among the top 10 fastest selling suburbs across Australia, according to Investar’s latest report.
The property data firm says that the median waiting time for houses in Beecroft is 42 days.
Recently a three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-beecroft-124763610" target="_blank">11 Bambara Crescent</a> (above) was on the market for 25 days before it was sold for $1.8 million.
Another recent example is a three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-beecroft-124601950" target="_blank">5 Park Avenue</a> (below) that was listed for 15 days before it was sold for $2.245 million.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/14/5%20Park%20Avenue.jpg" alt="">
<table style="width: 473px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="98">
Suburb
</td>
<td valign="top" width="47">
State
</td>
<td valign="top" width="64">
Postcode
</td>
<td valign="top" width="65">
Dwelling
</td>
<td valign="top" width="72">
Bedrooms
</td>
<td valign="top" width="52">
Days on market
</td>
<td valign="top" width="77">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="98">
Croydon Park
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2133
</td>
<td valign="top" width="65">
Unit
</td>
<td valign="top" width="72">
Studio and 1
</td>
<td valign="top" width="52">
38
</td>
<td valign="top" width="77">
$412,500
</td>
</tr>
<tr>
<td valign="top" width="98">
Kensington
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="64">
3031
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
2
</td>
<td valign="top" width="52">
39
</td>
<td valign="top" width="77">
$775,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Bowden
</td>
<td valign="top" width="47">
SA
</td>
<td valign="top" width="64">
5007
</td>
<td valign="top" width="65">
Unit
</td>
<td valign="top" width="72">
Studio and 1
</td>
<td valign="top" width="52">
40
</td>
<td valign="top" width="77">
$340,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Annandale
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2038
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
4
</td>
<td valign="top" width="52">
41
</td>
<td valign="top" width="77">
$2,500,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Woolloomooloo
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2011
</td>
<td valign="top" width="65">
Unit
</td>
<td valign="top" width="72">
Studio and 1
</td>
<td valign="top" width="52">
41
</td>
<td valign="top" width="77">
$800,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Beecroft
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2119
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
3
</td>
<td valign="top" width="52">
42
</td>
<td valign="top" width="77">
$1,350,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Fairlight
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2094
</td>
<td valign="top" width="65">
Unit
</td>
<td valign="top" width="72">
2
</td>
<td valign="top" width="52">
42
</td>
<td valign="top" width="77">
$900,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Narraweena
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2099
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
3
</td>
<td valign="top" width="52">
43
</td>
<td valign="top" width="77">
$1,250,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Caulfield South
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="64">
2162
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
3
</td>
<td valign="top" width="52">
44
</td>
<td valign="top" width="77">
$1,100,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Allambie Heights
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2100
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
3
</td>
<td valign="top" width="52">
45
</td>
<td valign="top" width="77">
$900,000
</td>
</tr>
</tbody></table>
The median price of a house in Beecroft is $1,740,250, this is an increase of $60,250 from last year’s median house price.
Beecroft has 554 more website property listing visits than most suburbs in NSW.
Older residents make up almost 39 percent of the residents in the area.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Beecroft ranks in the fastest selling suburbs

<html><body>
The Sydney suburb of Annandale is among the fastest suburb across Australia, according to Investar’s latest report.
The property data firm says that the average time that a house in Annandale stays on the market is 41 days.
A example is a recently sold four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-annandale-124862262" target="_blank">65 View Street</a> (above) that stayed on the market for 26 days before it was sold for $3.83 million.
Another example is a recently sold four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-annandale-124819934" target="_blank">159 Nelson Street</a> (below) that stayed on the market for 28 days before selling for $2.85 million.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/14/159%20Nelson%20Street.jpg" alt="">
<table style="width: 473px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="98">
Suburb
</td>
<td valign="top" width="47">
State
</td>
<td valign="top" width="64">
Postcode
</td>
<td valign="top" width="65">
Dwelling
</td>
<td valign="top" width="72">
Bedrooms
</td>
<td valign="top" width="52">
Days on market
</td>
<td valign="top" width="77">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="98">
Croydon Park
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2133
</td>
<td valign="top" width="65">
Unit
</td>
<td valign="top" width="72">
Studio and 1
</td>
<td valign="top" width="52">
38
</td>
<td valign="top" width="77">
$412,500
</td>
</tr>
<tr>
<td valign="top" width="98">
Kensington
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="64">
3031
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
2
</td>
<td valign="top" width="52">
39
</td>
<td valign="top" width="77">
$775,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Bowden
</td>
<td valign="top" width="47">
SA
</td>
<td valign="top" width="64">
5007
</td>
<td valign="top" width="65">
Unit
</td>
<td valign="top" width="72">
Studio and 1
</td>
<td valign="top" width="52">
40
</td>
<td valign="top" width="77">
$340,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Annandale
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2038
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
4
</td>
<td valign="top" width="52">
41
</td>
<td valign="top" width="77">
$2,500,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Woolloomooloo
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2011
</td>
<td valign="top" width="65">
Unit
</td>
<td valign="top" width="72">
Studio and 1
</td>
<td valign="top" width="52">
41
</td>
<td valign="top" width="77">
$800,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Beecroft
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2119
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
3
</td>
<td valign="top" width="52">
42
</td>
<td valign="top" width="77">
$1,350,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Fairlight
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2094
</td>
<td valign="top" width="65">
Unit
</td>
<td valign="top" width="72">
2
</td>
<td valign="top" width="52">
42
</td>
<td valign="top" width="77">
$900,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Narraweena
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2099
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
3
</td>
<td valign="top" width="52">
43
</td>
<td valign="top" width="77">
$1,250,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Caulfield South
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="64">
2162
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
3
</td>
<td valign="top" width="52">
44
</td>
<td valign="top" width="77">
$1,100,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Allambie Heights
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2100
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
3
</td>
<td valign="top" width="52">
45
</td>
<td valign="top" width="77">
$900,000
</td>
</tr>
</tbody></table>
The average median price of a house in Annandale is $1.69 million, an increase of $21,000 compared to last year’s median price.
Annandale is popular with 1831 more website listing visits than most suburbs in NSW.
Established independent residents take up 25 percent of the residents in the area.
</body></html>

Annandale among the fastest selling NSW suburbs

<html><body>
A waterfront boat shed in Sydney’s southern suburb of Burraneer has been put up for sale for $350,000.
The <a href="https://www.realestate.com.au/property-residential+land-nsw-burraneer-201806086" target="_blank">2C Hazel Place</a> property at Gunnamatta Bay is a heritage-listed boat shed.
Its dimensions are about 3 m x 3 m with its own sandy beach and is ideal for dinghy storage/Jetski storage/BBQ etc, says the advertisement.
The property has a frontage of 5 metres.
It has been listed through For Sale By Owner, a website where owners can sell their properties on their own.
It last changed hands for $80,000 in 1998, according to RP Data.
</body></html>

jonathanchancellor-7SQnKwU6yx

Waterfront boat shed in Sydney's Burraneer listed for $350,000 

<html><body>
Sydney home auction market is back to record pace following last weekend's long weekend according to domain's Andrew Wilson.
He said over 800 homes are set to go under the hammer this Saturday, well ahead of last weekend’s holiday impacted 407 auctions and significantly higher than the 650 listed over the same holiday weekend last year.
"Sydney sellers continue to rush the local market in unprecedented numbers with this weekend set to break the previous June Saturday record of 788 set just two weekends ago," he said.
"Sydney’s strong inner west market will host the most number of regional auctions this weekend with 118 listed. 
"The next highest is the upper north shore with 108 closely followed by the south 107, the city and east 84, the lower north 80, the west 66, Canterbury Bankstown 57, the northern beaches 49, the south west 46, the north west 37 and the central coast with 25 auctions scheduled on Saturday.
"Mosman is clearly the most popular suburb in Sydney this weekend with 15 followed by Randwick, Killara and Ashfield each with 10, Bankstown, Cronulla and Blacktown each with 9, Marrickville 8 and a number of suburbs with 7 auctions listed including St Ives, Epping and Paddington.
"Over 950 Melbourne homes are set to go under the hammer this Saturday which will be predictably up on last weekend’s holiday impacted 267 but similar to the 989 listed over the same weekend last year.
"Auction numbers will continue to ease over coming weeks as the market enters the typically quieter mid-year selling season. A significantly lower proportion of inner suburban, higher-priced listings will be the usual feature if the winter market.
"Melbourne’s western suburbs are the most popular for auctions this weekend with 176 listed.  Next highest region is the outer east with 141 followed by the inner south with 133, the north east 123, the inner city 121, the inner east 100, the north 79 and the south east with 62 auctions scheduled.
"Glen Waverley is clearly the most popular suburb for auctions this Saturday with 19 followed by St Albans 14, Mount Waverley 13, Reservoir and Richmond each with 12 and a number of suburbs with 11 auctions scheduled including Epping, South Yarra and Elwood."
</body></html>

Sydney, Melbourne auctions back to strength

<html><body>
Glen Waverley leads the top auction location in Victoria this week, according to the REIV.
The REIV expects around 1,030 auctions across 326 suburbs this weekend with 16 auctions in Glen Waverley, 14 in Richmond then Mount Waverley, Reservoir, and St Albans with thirteen auctions in each.
<a href="https://www.propertyobserver.com.au/images/2017/06/16/Screen%20Shot%202017-06-16%20at%2010.21.04%20AM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/06/16/Screen%20Shot%202017-06-16%20at%2010.21.04%20AM.png" alt="">
</body></html>

Glen Waverley Victoria's busiest weekend auction location: REIV

<html><body>
GUEST OBSERVER
Australian employment jumped a surprising 42,000 in May, sharply above market expectations for a 10,000 gain, lifting the annual pace from 1.7 percent to 2.0 percent.
This is the third month in a row of very strong jobs growth.
The gain was led by a 52,100 rise in full-time jobs following a decline last month, so the quality of jobs growth has improved but it can be volatile month to month. 
Reflecting the strength in jobs growth, the unemployment rate dropped to 5.5 percent when the market expected it to hold at 5.7 percent. This rate is the lowest in 4 years (since early 2013).
<a href="https://www.propertyobserver.com.au/images/2017/06/15/image003.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/06/15/image003.png" alt=""> 
The third month in a row of very strong jobs growth may reflect sample rotation issues, which have been a regular cause of consternation with the labour market statistics.
And the jobs data does have a tendency to run hot and cold so we are now due for a weak patch.
But the May jobs data also brings the annual rate of jobs growth more into line with leading indicators of jobs growth (job ads, vacancies and hiring intentions from the NAB survey), which continue to point to solid jobs growth ahead albeit they have exaggerated actual jobs growth since 2014. See the next chart. 
<a href="https://www.propertyobserver.com.au/images/2017/06/15/image004.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/06/15/image004.png" alt="">
 
Whatever it is, strong jobs growth provides welcome news after a run of soft data for GDP growth, consumer confidence, retail sales and housing related indicators. 
The only problem of course is that underemployment remains very high at 8.8 percent leaving labour underutilisation high at 14.4 percent, albeit down from a recent high of 14.8 percent in February and this will act as an ongoing constraint on both wages growth and consumer spending.
<a href="https://www.propertyobserver.com.au/images/2017/06/15/image012.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/06/15/image012.png" alt="">
Implications
The RBA no doubt breathed a sigh of relief with today’s jobs data showing unemployment falling to its lowest since early 2013. This will support the RBA in leaving interest rates on hold for now. Nevertheless with numerous other indicators remaining on the soft side – including overall economic growth, consumer spending, non-mining investment, indicators for housing construction and wages growth – our view remains that there is far more risk of another rate cut than a rate hike in the next 12 months. But to see a cut we will likely need to see a faltering in the jobs data.
It’s interesting to note that while the $A pushed up through $US0.76 on the back of the strong jobs data, the share market initially weakened a bit more on the news presumably not liking the idea of a higher $A or less chance of another RBA rate cut.
<a href="https://www.propertyobserver.com.au/https://plus.google.com/110172465327488162875?rel=author">SHANE OLIVER</a> is head of investment strategy and economics and chief economist at <a href="https://www.ampcapital.com.au/home">AMP Capital</a> and is responsible for AMP Capital's diversified investment funds.
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Relief for the RBA for now: Shane Oliver

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Crown Group is anticipating a strong sales result when its latest project Waterfall by Crown Group is launched tomorrow, June 17.
Marketed as Sydney’s most natural address, the $400-million Waterfall by Crown Group features 331 apartments including studios, one, two and three-bedroom apartments as well as courtyard apartments and double-storey penthouses.
“We’ve been inundated with hundreds of people visiting our Waterfall display suite in the past five days in the lead up to the sales launch this Saturday,” said Crown Group Chairman and CEO, Iwan Sunito.
“This development has captured worldwide attention with its revolutionary use of natural elements, water and green space.
“There is a strong demand for quality developments from developers with a strong track-record in Sydney,” Mr Sunito said.
More than 2000 people attended the star-studded Waterfall by Crown Group Unveiling event last month.
Located at 18 O’dea Avenue Waterloo, Waterfall by Crown Group is designed by architects SJB.
It will comprise three seven-storey buildings and an iconic 20-storey sculptural tower overlooking lush, tropical landscaping.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/15/W18_Waterfall_Final%202000_LR.jpg" alt="">
Public art is a key element of Waterfall: Mika Utzon Popov, grandson of Sydney Opera House architect Jørn Utzon, is creating a large-scale artwork integrated in the design.
Residents will also enjoy a state-of-the-art cantilevered gym, a rooftop garden, a rooftop cinema, function room with a catering kitchen, music room, and onsite retail.
Crown Group sold more than 80 per cent of apartments in one day at the launch of its most recent project Infinity by Crown Group in Green Square.
Construction of Waterfall by Crown Group is scheduled to be completed in 2020.
<a href="https://www.waterfallbycrowngroup.com.au" target="_blank">www.waterfallbycrowngroup.com.au</a> apartments are available from $650 000 onwards.
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Waterloo's Waterfall by Crown Group launching this weekend

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GUEST OBSERVER
The fire at the Grenfell Tower in London has naturally led to speculation about the causal factors and the potential for it to happen in Australia.
Understandably, some have raised questions about the role of building products and the extent to which they contributed to fire and its spread.
It is understood that authorities in London will undertake extensive inquiries into the Grenfell Tower tragedy and it is appropriate to let these run their course. As is the norm, Australian authorities will no doubt monitor these inquiries and make improvements to local laws if appropriate. A 2014 incident at the Lacrosse Tower in Melbourne caused authorities to carry out inspections on building products used in the construction of similar buildings to ensure products were fit for purpose.
The relevant laws we have in Australia are comprehensive and under almost continuous review.
Recent changes to the ABCC laws, for example, gave the Office of the Federal Safety Commissioner a bigger role in monitoring building products used in construction projects funded by the Commonwealth Government. The issue has been on the agenda for various COAG committees, including the Building Ministers Forum.
Master Builders and our members understand the importance of ensuring building products are fit for purpose and installed correctly, but there is always a risk that some products entering Australia don't meet minimum requirements.
Everyone in the building supply chain including manufacturers, importers, and wholesalers, retailers, building designers, builders and contractors have a shared responsibility to ensure building products are safe and fit for purpose.
While the focus is often on builders, greater attention should be given to those involved in importation and distribution. Making sure these products don't enter the Australian market in the first place is a position that Master Builders has made clear in submissions to government and other inquiries.
Denita Wawn is a CEO of <a href="https://www.masterbuilders.com.au/Home" target="_blank">Master Builders Australia.</a>
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London apartment tower fire and possible issues in Australia

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<img src="https://counter.theconversation.edu.au/content/79518/count.gif?distributor=republish-lightbox-advanced" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
Despite the horror of the fire at Grenfell Tower, UK regulations for tall buildings are ahead of the curve in comparison with other countries.
There have been huge improvements in construction materials and technological solutions throughout the modern era. And testing and certification methods have became even more rigorous, to ensure the quality of new products.
Of course, many people are now asking what more could have been done to prevent the tragic loss of life in the Grenfell blaze. The truth is, while architects and engineers can work to mitigate the risk of fire, it cannot be completely eliminated. The addition of some materials to buildings, such as cladding, will obviously now come under scrutiny. But there are several improvements that can be made to old 20th-century tower blocks like Grenfell, to make them safer places to live.
When it comes to managing the risk of fire, builders and architects are guided by three simple principles: prevent risk, evacuate users and minimise damage – in that order. But updating or “retrofitting” older buildings to meet modern safety standards isn’t always straightforward. That’s why architects, builders and other experts work alongside fire engineers to ensure evacuation systems are adequate for the building’s structure, function and users.
There is no single formula. Each building is studied in detail by a design team, which works together to decide what approach is best. It’s important to consider how the building is being used; for instance, while offices are at risk because they contain large amounts of flammable stationary and electronic equipment, in residential units the biggest risks arise from cooking, heaters and other domestic equipment, which can start fires.
Human factors such as forgetfulness, physical limitations and human error must also play a role in fire safety planning – especially when children or elderly people are frequent users. People are also more relaxed at home, which can lead them to lose awareness of some of the risks. People often leave pans on the hob or place heaters near curtains and other combustibles for example. A team must bear all these factors in mind, as they decide how to approach each project: smoke and heat detectors can prevent some accidents, placing sockets away from windows can also help.
Safe evacuation routes
Some buildings rely heavily on evacuation routes to keep users safe when disaster strikes. This requires sound alarm systems, fire barriers in the form of fire doors and walls, and smoke extractors. These features are especially important in historic buildings, where escape routes are narrow or intricate, and have not been designed in accordance with current building regulation standards. Wherever possible, fire stairs should be partly sealed, to prevent smoke from entering, while automatic ventilation systems can be installed, which allow smoke to escape upwards like a chimney.
Done right, this can provide a safe, smoke free escape route. But it is not always possible to achieve this standard in existing buildings, which is why users are sometimes advised to stay in their flats and steer clear of stairs and corridors where smoke can build up. Smoke inhalation is the most common cause of death in fires so residents are often advised to remain in a smoke-free zone and wait to be rescued. It appears this was the case at Grenfell Tower link to stay put.
Likewise, technical considerations can prevent the use of certain types of fire safety technology – for example, when there is no space to accommodate the installation. Installing sprinkler systems is not always feasible because they often require large tanks to store water, which are heavy and need space to allow access for maintenance.
Proper emergency access
It’s hugely important for buildings to be designed to accommodate emergency responses, by making space for fire fighters to take control of and extinguish fires, if and when they occur. Some measures affect the internal layout, such as the installation of fire-fighting lifts. Others relate to the areas surrounding the building and the provision of services. For this reason, large structures must have a water source available, to reinforce the fire brigade’s own supply.
Fire engines can only reach certain heights and cannot cover the upper floors. In new buildings, dry risers are installed, providing an empty vertical pipe which fire fighters can use to pump water up to the higher storeys. In order to function properly, these need to be regularly tested and maintained. They might not be not suitable for some retrofits, due to the lack of space.
Pavements around buildings are often required to be a specific width and strength, to take the size and weight of local fire engines. All of these design measures help fire fighters keeping us safe but they are also highly reliant on maintenance. Residents of Grenfell Tower reported obstructions to emergency access routes, in one of a series of complaints about the safety and maintenance of the building.
Measures to minimise damage
When planning for fires, the team will also try to find ways to minimise the damage to the structure. This is to avoid the risk of collapse, as well as preserve as much of the building as possible, in case it can be reused after the fire.
To do this, the design team can use new building modelling software (BIM) to predict with reasonable accuracy how quickly a fire could spread through a building. All construction materials come with a set of technical data, which designers can input into the software in order to select the most suitable technology and materials for the building.
If a material is highly combustible, then alarm systems become more relevant, while escape routes require better protection and ease of movement. When a building or refurbishment is completed, the designer hands over the key and a maintenance manual to the landlord. Maintenance manuals are very detailed, providing contact information, time schedules and guarantee documents for the upkeep of the building.
A fatal flaw
But even with all these measures in place, there’s still a one major problem: materials are tested in isolation, which means that their technical data does not take into account how they will react when used in combination with other technologies – or when there are human errors in the design or assembling process. These issues are not picked up by BIM software.
Fire can spread rapidly in the small gap between the external face of the building, and the internal walls. Thermal insulation is often placed inside this cavity, and sometimes it is part of the external cladding. Some aluminium panels are made with a rock wool insulation – these are fire resistant. But aluminium gets hot and expands very quickly, heating the insulation layer. If this layer is combustible, fire can spread at speed by travelling through the cavity – which acts as a chimney – producing vast amounts of toxic smoke.
Fire barriers can be used to create compartments within the cavity, installed horizontally and vertically between the cladding and the internal wall at critical points to delay the spread of fire. But this product has to be installed with great skill for it to work efficiently, and it’s not always possible to use it for retrofits, depending on the type and condition of the existing walls.
This explains why, despite all the design efforts, the risk of fire cannot be completely eliminated by design. What’s more, designers and managers can only predict human factors and behaviours to a certain degree. For this reason, communities and schools must work together with designers, fire brigades and building managers to help prevent fires. Meanwhile, building contractors and maintenance professionals must use these techniques to ensure that residents are properly protected from harm. 
Laura B Alvarez is architectural technologist and Urban Designer, Nottingham Trent University and author for The Conversation. <a href="https://theconversation.com/profiles/laura-b-alvarez-209966" target="_blank">She can be contacted here</a>.
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Grenfell fire aftermath: how 20th-century buildings can be made safer, not more dangerous

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Expressions of interest remain open on a number of properties for sale in Sydney's Millers Point under Property NSW sell off.
The properties include 30 Lower Fort Street – 4 Trinity Avenue, 42 Lower Fort Street, 46-46A &amp; 50-56C Gloucester Street closing 22 June 2017.
Some 14 apartments were listed as part of the Property NSW sales program in late May following the sale of two split-level apartments on Gloucester Street.  
Of the recent listings, 33 three storey apartments, located between 30 Lower Fort Street and 4 Trinity Avenue, were built by the Sydney Harbour Trust around 1910 to house wharf labourers, storemen, stevedores and gasworks hands.
For more information, <a href="https://rediscovermillerspoint.com.au/" target="_blank">click here</a>.
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