Melbourne developer Spacious Group has completed Voyage Altona, one of the closest new apartment developments to Altona Beach.

Off the plan purchasers have started moving into the 49-apartment project on Pier Street, with the remaining move-in-ready one-, two- and three-bedroom apartments starting from just over $500,000.

Display apartments have now been fitted out, allowing prospective buyers to inspect the completed residences by appointment.

[smartcode_project:default project_id=112195 project_image_fid=372638]

The completed apartments feature open-plan living and dining areas which extend onto private balconies and terraces, while full-height glazing maximises natural light throughout the interiors.&nbsp;

Hybrid timber-look flooring, stone benchtops, Miele appliances, porcelain-tiled bathrooms and generous storage feature throughout the building which also features landscaped communal areas, expansive shared terraces, lift access and secure on-grade parking.

Drawing inspiration from its bayside setting, Voyage adopts a restrained palette of warm neutral tones and textured finishes. Many of the apartments take advantage of views across Port Phillip Bay, while the indoor-outdoor living spaces have been designed to make the most of the coastal outlook.

[smartcode_project:default project_id=112195 project_image_fid=3286]

Voyage was developed to address what Spacious Group identified as an undersupply of higher-quality apartment product in Altona, with a focus on owner-occupiers looking to remain within the bayside community.

"Voyage responds to very strong local buyer demand for quality, owner-occupier-focused product," says Barry Plant Projects Director Jarrod Farey, who has handled sales since the project's launch.

"The project delivers an elevated lifestyle proposition, with its design and quality of finish far exceeding anything previously produced in the area, as well as its proximity to Pier Street Village and the beach."

The majority of purchasers have been local downsizers and owner-occupiers looking to stay within the Altona community but who previously had limited opportunities to buy a brand-new apartment.

[smartcode_project_cta:default project_id=112195]

Joel Robinson

Spacious Group completes Voyage Altona in Altona's beachside precinct

Homecorp has secured approval for a $360 million apartment development at Budds Beach, paving the way for one of the Gold Coast's most amenity-rich residential projects to launch later this year.

Gold Coast City Council has approved Lýon Residences, a 32-level tower that will deliver 178 two and three-bedroom apartments across a prominent corner site at 8-10 Acacia Avenue and 25-27 Oak Avenue.

The approval comes as developers continue to invest in premium lifestyle-driven apartment projects on the Gold Coast, where owner occupiers are increasingly prioritising amenity as much as apartment size and location.

<a href="https://www.apartments.com.au/new-apartments/l-on-residences-25-27-oak-avenue-surfers-paradise-qld-4217">Lýon Residences</a> has been designed around a resort-style wellness offering, headlined by a Moroccan-inspired spa precinct featuring treatment rooms, a Nordic sauna and steam room, hot and cold plunge pools, a soaking pool and a residents-only juice bar.

The rooftop will include a heated infinity pool and spa, residents' lounge with private kitchen and bar, gymnasium, yoga and Pilates studio, outdoor entertaining areas and barbecue facilities overlooking the Surfers Paradise skyline.

<img alt="Lyon" data-entity-type="file" data-entity-uuid="2d3e29af-8793-486e-a684-52cef862241f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-15%20at%204.32.26%E2%80%AFPM.png?VersionId=ayG2zpLf3SS6Zy8XmKDcQods4kVWb0gm" />

Homecorp Founder and CEO Ron Bakir said Budds Beach provided the ideal location for the company's latest luxury apartment project.

"Budds Beach represents one of the most unique and sought-after pockets of the Gold Coast, and Lýon Residences has been designed to reflect that sense of rarity and refinement," Bakir said.

The project arrives as wellness continues to become a defining feature of new residential developments both in Australia and internationally.

The latest Global Wellness Institute figures show wellness real estate remains the fastest-growing segment of the global wellness economy and is forecast to exceed $1.8 trillion by 2030. Australia continues to rank among the world's 15 largest wellness real estate markets, with developers increasingly integrating health, recreation and community facilities into apartment projects.

Queensland is also experiencing strong population growth, with the Gold Coast continuing to outperform many other Australian cities as demand for new housing remains elevated ahead of the 2032 Olympic and Paralympic Games.

Bakir said the project had been designed to respond to that shift in buyer expectations.

"Strong population growth and sustained demand across the Gold Coast continue to highlight the need for well-designed new housing supply. Lýon Residences responds directly to this demand while setting a new benchmark for residential living," he said.

Each apartment has been designed to maximise views across the coastline, the Nerang River and the Gold Coast hinterland.

Located just minutes from Surfers Paradise beach and the Broadwater, the development also offers easy access to the light rail network, Broadbeach and Burleigh Heads.

Early site works are underway, with construction expected to commence later this year.

Homecorp approved for Budds Beach apartment tower, Lýon Residences

New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.

Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.

Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.

[smartcode_project:default project_id=28384 project_image_fid=3823]

Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.

The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.

"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.

"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."

[smartcode_project:default project_id=28384 project_image_fid=3826]

The rarity of the development hasn't been lost on prospective buyers, McSweeney says.

For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.

"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."

The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.

<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/N_FowNW0wu8?si=vb25XFq1wZ-iufAW" title="YouTube video player" width="560"></iframe>

A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.

The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.

At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.

[smartcode_project:default project_id=28384 project_image_fid=372542]

The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.

Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.

Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.

"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."

Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.

[smartcode_project_cta:default project_id=28384]

North-facing Swan River views drive demand at Rivière Residences in Applecross

Nearly 60 per cent of apartments at McNab Group's $220 million The Tannery development in Brisbane's West End have sold ahead of the project's public launch, including a suburb-record $2.57 million sale for a two-bedroom apartment.

The early sales campaign has secured buyers for 50 of the project's 87 apartments, highlighting continued demand for larger owner-occupier apartments that combine generous floorplans with premium lifestyle amenities in one of Brisbane's most tightly held inner-city suburbs.

[smartcode_project:default project_id=143337 project_image_fid=374768]

McNab Group Executive Chairman Michael McNab said selling more than half the project before launch reflected changing buyer expectations.

"Selling more than half the project before public sales open tells us buyers are actively seeking apartments that offer something genuinely different," McNab said.

"Today's buyers are looking beyond four walls. They want homes that genuinely enhance the way they live, with spaces that support health, connection and everyday wellbeing."

[smartcode_project:default project_id=143337 project_image_fid=374767]

A key point of difference for the project is the adaptive reuse of the heritage-listed Dixon's Tannery building, which will become The Retreat, a residents-only wellness precinct rather than being redeveloped into additional apartments.

The Retreat will feature a sauna and steam room, hot and cold plunge pools, a commercial-grade gym, Pilates studio, cinema, library, co-working spaces and private dining room. Rooftop amenities will include a swimming pool, landscaped gardens, outdoor entertaining areas and dog-friendly spaces.

[smartcode_project:default project_id=143337 project_image_fid=374760]

Designed by Cottee Parker Architects with interiors by Tom Mark Henry and landscape architecture by Aspect Studios, The Tannery comprises 87 two, three and four-bedroom apartments across 11 levels overlooking the Brisbane River.

Cottee Parker principal Dee Passenger said preserving the original tannery building had been central to the project's design.

"The easy option would have been to maximise the site's development potential with additional apartments. Instead, McNab has chosen to preserve the original tannery as a shared wellness retreat, ensuring this important piece of Brisbane's history remains at the heart of the community."

Passenger said sustainability also played a key role in the design, with materials from the original industrial site salvaged and repurposed throughout the development.

[smartcode_project:default project_id=143337 project_image_fid=374761]

Motiv CEO Carly Cottam said buyers had responded strongly to the combination of larger apartments, wellness facilities and the West End lifestyle.

"We are seeing more buyers looking for homes in the sky that provide the space and functionality of a traditional home, while benefiting from the convenience and lifestyle that apartment living brings," Cottam said.

She said purchasers included both owner occupiers and investors, with demand coming from local buyers as well as interstate purchasers.

Coinciding with the public launch, McNab also announced a partnership with Queensland Ballet, whose neighbouring Thomas Dixon Centre shares historical ties with the original Dixon family.

Located on a 4,465 sqm site at 439 Montague Road, The Tannery overlooks the Brisbane River and is around 10 minutes from the CBD.

Construction is underway, with completion expected in the second half of 2027.

[smartcode_project_cta:default project_id=143337]

More than half of residences sold before public sales as McNab announces significant partnership with Queensland Ballet

McNab's The Tannery nears 60 per cent sold before public release, sets two-bedroom West End record

Iwan Sunito's vision for a landmark mixed-use precinct in Sydney's Inner West has taken a major step forward, with approval granted for the $1.9 billion Five Dock development first unveiled earlier this year.

The approved scheme by <a href="https://www.apartments.com.au/developers/one-global-capital">One Global Capital</a> will deliver an 80,500 sqm mixed-use precinct comprising 840 apartments, integrated hotel accommodation, commercial and retail space, alongside publicly accessible open space designed to create a new destination for the growing suburb.

"This is a significant milestone for One Global Capital and for the future of housing delivery in Sydney," Sunito said.

"The Housing Delivery Authority was established to identify major housing projects capable of delivering meaningful supply more efficiently, and we are delighted that Spencer Street has been recognised as one of those projects.”

He said the declaration reflected the rapid progress achieved since acquiring control of the site.

"In less than seven months we have progressed from taking control of the site to securing entry into one of the NSW Government's most important planning pathways. It reflects the experience of our team, the strength of our consultant group led by Urbis, and our long-term commitment to delivering transformational projects that contribute to Sydney's future."

When the project was revealed earlier this year, Sunito described the opportunity as one of the strongest development sites he had worked on.

"I probably hadn't appreciated the uniqueness of the site until more recently when putting together the concept plans," Sunito said.

"The proximity to the water, and the golf course opposite, is unlike any other part of Parramatta Road. We have a unique position and view corridors over the water that makes this one of the best sites I've worked on."

The development has evolved since its initial announcement, with the approved plans increasing the residential component from the originally proposed 750 apartments to 840 homes while retaining the project's focus on creating an integrated neighbourhood rather than a standalone residential development.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/a-city-within-a-city-iwan-sunito-flags-1-5-billion-mixed-use-precinct-in-five-dock">"A city within a city": Iwan Sunito flags $1.5 billion mixed-use precinct in Five Dock</a>

The precinct will combine apartments with hotel accommodation, commercial workplaces, retail offerings and public spaces, creating a mixed-use environment intended to serve both residents and the broader Five Dock community. The proposal also continues the collaboration between One Global Capital and internationally recognised architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a>, whose previous work with Sunito includes Infinity, Arc and Skye North Sydney.

Takada previously said the design was driven by a philosophy of integrating nature into the built environment.

"The concept for this development is born from our design approach to naturalising architecture," Takada said.

"The public realm benefits from biophilic design that integrates generous landscaping, and the development is optimised for natural daylight, airflow and water views to foster wellbeing, sustainability and spaces that foster community interaction."

Sunito has consistently described the project as a "city within a city", with a strong emphasis on creating a destination that extends beyond housing.

"We want to create a development that's not only to be seen, but to be experienced by the whole local community," he said.

The approval comes as Five Dock continues its transformation ahead of the opening of the Sydney Metro West line, with the new Five Dock station set to significantly improve connections between the Inner West, Parramatta and the Sydney CBD.&nbsp;

The precinct will also benefit from its proximity to the Parramatta Road corridor, nearby waterfront parklands and established retail and dining offerings that have made Five Dock one of Sydney's most tightly held Inner West suburbs.

Iwan Sunito secures approval for $1.9 billion Five Dock mixed-use precinct

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>

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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

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Construction of the $21 million residential development Lunar, 28 km south of Sydney, is slated to begin mid 2017.
If will feature 64 apartments, a basement carpark and a communal landscaped garden.
Ben Pomroy from Rothelowman says that the design for the new development was derived as a response to these natural surroundings and a desire to optimise the apartments’ long-distance views.
“Lunar sits on one of the highest points in the Sutherland Shire, with views north to the CBD and Botany Bay, our scheme had to take advantage of these opportunities, whilst developing a design that addressed and was respectful to the public domain,” he said.
“Our desire was to create a building that embraces the shire’s outdoor lifestyle with apartments that have both front and back yards..
“A place where residents could embrace the views to the north and the east, whilst also giving opportunity for interaction with the street.”
“Capitalising on the area’s temperate climate, the breezeway elevates the traditional corridor to a space where residents can socialise with their neighbours in a pleasant open-air setting.
“Liveability was a significant consideration in the evolution of Lunar’s design and the breezeway supports that.
"We have strived to create a building with the greatest possible access to daylight and fostered natural ventilation that is created with the layouts.”
 
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mick.cee-iDmgDDAmu8

Unique breezeway design for Sydney's Lunar

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There is a wide variety of property types available to first home buyers in the Canberra region,  according to HTW’s Month in Review: March 2017.  
The valuation firm says there are affordable detached housing options in the outer suburbs of Belconnen, Gungahlin and Tuggeranong while the outer areas of Gungahlin also provide newer detached housing options on mostly smaller blocks.
Affordable new unit options are available throughout the Canberra region a large supply of older units close to the city and in the suburbs that would be suitably priced for first home buyers, HTW says.
The firm points to the Land Development Agency, which allocates a number of new releases to be sold through the Land Rent Scheme, as an affordable housing option.
For people who meet the requirements, buyers only need to raise the capital for the building costs, the land is rented and there is an option to purchase the land in the future.
HTW says that the most recent land rent release was in the Gungahlin suburb of Taylor where there were 126 blocks available ranging in size from 250 to 587 square metres.
New developments in the Canberra region have a large number of one-bedroom units that are priced suitably for first home buyers, HTW says.
“Some developers are offering deals that require lower upfront costs to secure a dwelling,” the report says.
“This has made new units popular for first home buyers and has reduced demand for older existing units.”
However, the firm cautions first home buyers to beware the number of financial considerations to be aware of before committing to a purchase.
“Firstly, while interest rates are low at the moment, buyers should be aware that interest rates may increase which would increase their finance costs.
“Secondly, the additional costs to purchase a property, for example legal fees, stamp duty costs and mortgage application fees, are not included in the purchase price of the property.
“Thirdly, the additional running costs of owning a property also need to be considered.
“These include the maintenance costs of the building, property management fees if it is an investment property, government taxes and body corporate fees on units.
“Particularly with new units in the Canberra region, buyers need to be aware that Body Corporate Fees can increase significantly over time.”
A three bedroom house at <a href="https://www.realestate.com.au/property-house-act-gungahlin-124879186" target="_blank">2/14 Maria Smith Lane</a>, Gungahlin (above) has been listed for $510,000 plus.
Similarly a one bedroom unit at <a href="https://www.realestate.com.au/property-house-act-belconnen-120529281" target="_blank">11/57 Benjamin Way</a>, Belconnen (below) has been listed for over $300,000.
<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/2017/03/09/11_57%20Benjamin%20Way.jpg" alt="">
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jonathanchancellor-7SQnKwU6yx

Belconnen and Gungahlin top first home buyer targets in Canberra: HTW

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GUEST OBSERVER
The February Gauge printed a decline of 0.3 percent/mth taking the annual rate down slightly from 2.0 percent/yr to 1.9 percent/yr.
The three month change dipped to 0.8 percent from 1.2 percent in January.
As February is the mid-month of Q1 it provides the Gauge's first estimate of the Q1 CPI.
More recently, the end quarter reading has provided a better guide to the CPI than the mid-month.
As such, we will wait for the March reading to get a more comprehensive update.
However, since March 2016 neither measure has provided us with a reliable guide to the CPI.
As such we recommend the cautious application of the Gauge as a leading indicator of the CPI.
<a href="https://www.propertyobserver.com.au/images/2017/08/Gauge-1.jpg" target="_blank">Click to enlarge</a>
<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/2017/08/Gauge-1.jpg" width="600" height="248">
<a href="https://www.propertyobserver.com.au/images/2017/08/Gauge-2.jpg" target="_blank">Click to enlarge</a>
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<a href="https://www.propertyobserver.com.au/images/2017/08/Gauge-3.jpg" target="_blank">Click to enlarge</a>
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Justin Smirk is ‎senior economist, Westpac Group and can be contacted <a href="https://www.westpac.com.au/about-westpac/westpac-group/" target="_blank">here</a>.
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jchancellor-FAypfDUnLy

Inflation declines month on month: Justin Smirk

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There are 1,362 properties scheduled to go to auction this week across the combined capital cities, this is a significant decrease in volume compared to the 2,907 auctions last week, according to CoreLogic.
The property data firm says that across the two major auction markets, in Melbourne and Sydney, auction activity has fallen this week, with only 333 auctions to be held across Melbourne.
This is down substantially from 1,459 last week and 754 homes to go to auction across Sydney, down from 950 last week.
Across the smaller markets, volumes are set to decrease across the remaining capital cities.
Overall activity is lower than over the corresponding week last year (1,488).
Capital city auctions this week:
<ul>
<li>Sydney: 754</li>
<li>Melbourne: 333</li>
<li>Brisbane: 122</li>
<li>Adelaide: 82</li>
<li>Perth: 28</li>
<li>Canberra: 40</li>
</ul>
Craigieburn in Victoria is the busiest suburb for auctions across the nation this week, with 14 residential homes scheduled to go under the hammer, followed closely by Wahroonga and Randwick, both of which are in NSW, with 13 and 11 auctions to be held respectively.
Summary of last week’s results:
<a href="https://www.propertyobserver.com.au/images/2017/03/09/Corelogic-1.jpg" target="_blank">Click to enlarge</a>
<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/2017/03/09/Corelogic-1.jpg" alt="">
The combined capital city final auction clearance rate fell to 74.6 per cent last week, down from 78.4 per cent over the previous week, when the final clearance rate recorded the strongest result since June 2015.
Auction volumes were lower last week with 2,907 auctions held, compared to 3,301 the week prior.
Over the same week last year, both auction volumes and clearance rate were lower, when 68.6 per cent of the 2,304 auctions were reported as successful.
<a href="https://www.propertyobserver.com.au/images/2017/03/09/Corelogic-2.jpg" target="_blank">Click to enlarge</a>
<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/2017/03/09/Corelogic-2.jpg" alt="">
Last week saw Melbourne’s final clearance rate fall to 78.4 per cent, down from 81.0 per cent the previous week.
Across Sydney, the final clearance rate fell to 76.0 per cent, down from 80.0 per cent the previous week.
Both Melbourne and Sydney saw a decrease in the number of auctions held over the week, with 1,459 and 950 auctions, down from the previous week’s 1,635 and 1,210 respectively.
Across the smaller auction markets, clearance rates decreased across all of the capital cities, with the exception of Tasmania where the clearance rate remaining unchanged.
The busiest non-capital city region last week was the Gold Coast, with 60 auctions; however Wollongong recorded the strongest clearance rate at 81.3 per cent.
<a href="https://www.propertyobserver.com.au/images/2017/03/09/Corelogic-3.jpg" target="_blank">Click to enlarge</a>
<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/2017/03/09/Corelogic-3.jpg" alt="">
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j.ballantyne1990-6AQqhLzZaK

Auction numbers decline over Moomba long weekend: CoreLogic

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The REIV is expecting about 320 auctions in 189 suburbs this week.
The top auction locations this week are Craigieburn (8 auctions) and Hoppers Crossing (7 auctions), followed by Rye and St Albans with 6 auctions in each.
Last weekend there were 1,237 auctions (exc. 14 postponed and 21 withdrawn).
This weekend there will be 320 auctions.
This weekend last year 69 percent from 388 auctions.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-craigieburn-124766458">27 Hanson Road</a>, Craigieburn (above) has been listed for auction this Saturday.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-craigieburn-124757250">76 Thoresby Circuit</a>, Craigieburn (below) has been listed for auction this Saturday as well.
<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/2017/03/09/76%20Thoresby%20Circuit.jpg" alt="">
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Craigieburn tops Melbourne's 320 auctions on Moomba weekend

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The Hobart property market continues to gain moment as buyers are noticing the potential of the Tasmanian property market holds, according to the latest report from PRDnationwide.
According to its report, Hobart Property Hotspots Second Half of 2016, as other cities around the nation are setting their sights on the peak of the market.
Hobart has kick-started itself from the doldrums, and is currently touted as the emerging property city in Australia.
The Hobart median house price has increased by 2.6% over only one single quarter to $395,000 in Q2 2016.
This growth is set to continue as not only central Hobart is garnering attention, but also the suburbs in greater Hobart are increasing in popularity due to their picturesque setting and proximity to the CBD.
“Hobart has strengthened its property credentials during 2016 by delivering stable growth parameters across the board,” said Tony Brasier PRDnationwide managing director.
“It’s set to build on this further into 2017 as Australia’s ‘quiet achiever’ city with potential. After flying under the radar for a while, it may now be Hobart‘s time to shine.”
Click pictures to open in new window:
<a href="https://www.propertyobserver.com.au/images/2017/02/02/hob-1.jpg" target="_blank"><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/2017/02/02/hob-1.jpg" alt=""></a>
 
<a href="https://www.propertyobserver.com.au/images/2017/02/02/hob-2.jpg" target="_blank"><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/2017/02/02/hob-2.jpg" alt=""></a>
 
<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/2017/02/02/hob-3.jpg" alt="">
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-tas-west+hobart-123778998" target="_blank">26 Hill Street</a>, West Hobart (above) has been sold for $572,500.
Similarly a five bedroom house at <a href="https://www.realestate.com.au/sold/property-house-tas-west+hobart-123735578" target="_blank">16 Summerhill Road</a>, West Hobart (below) was sold for $565,000.
<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/2017/02/02/16%20Summerhill%20Road.jpg" alt="">
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Hobart's property market gaining momentum: PRDnationwide

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<img src="https://counter.theconversation.edu.au/content/70258/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
During summer, when a rainbow lorikeet or kookaburra visited your home, what did you do? Did you offer them a slice of apple, or simply watch until they take flight?
It brings many people joy to provide food and water for birds, to encourage them to stay a while and be given the chance to observe them more closely. But some people are reluctant to interact with birds in this way because they’re worried it might damage the birds’ health. 
In contrast with other countries, little research has been done on the effects of feeding birds in Australia. As a result, there are no established guidelines around how to feed and provide water for local birds. 
That’s why we ran the Australian Bird Feeding and Watering Study. We asked nearly 3,000 people to monitor the birds that visited their feeding areas and birdbaths. We wanted to know if there was a difference in the species that visited different types of gardens.
We examined the numbers and types of birds visiting:
<ul>
<li>birdbaths where no food was provided</li>
<li>birdbaths where food was provided</li>
<li>bird-feeders where birdbaths were provided</li>
<li>places where only food was provided.</li>
</ul>
The early results from the winter stage of the Australian Bird Feeding and Watering Study suggest that if you provide food and water, you will get more birds in your garden. But the species you attract will depend on what exactly your garden has to offer. 
Granivores
Granivores are seed-eating birds. They include species such as parrots, crested pigeons, sulphur-crested cockatoos, crimson rosellas and galahs. 
We noticed a spike in the number of granivores in gardens where both food and birdbaths were provided. But when food was on offer, fewer granivores chose to use the birdbath. We don’t yet know exactly why this is, but it could be because these seed-eaters need less water, or they can get it more easily from other sources than they can food.
Also, most of the bird food sold in shops is seed-based. People who buy these products will naturally attract more seed-eating birds to their garden.
We were, however, surprised to see crested pigeons visiting gardens where food was provided. These birds are only recent urban arrivals, and were previously restricted to semi-arid environments as opposed to the more urban areas where most of our citizen scientists lived. But crested pigeons are very adaptable and now compete fiercely for food and territory with the introduced spotted dove in some Australian gardens.
<h2>Nectarivores</h2>
“Small” nectarivores are nectar-eating birds that weigh less than 20 grams. The main birds in this group are New Holland honeyeaters, eastern spinebills and Lewin’s honeyeaters. 
The early results of our study suggest small nectarivores prefer gardens with birdbaths more than their granivore and insectivore friends. In fact, it seems that these small nectarivores like birdbaths so much, they will choose birdbaths over food when both are provided. 
“Large” nectarivores are nectar-eating birds that weigh more than 20 grams. These species including noisy miners, rainbow lorikeets and red wattlebirds – seem to prioritise food over birdbaths. This may be because they’re looking for a source of protein that they can’t easily find in their natural environment. 
Honeyeaters – such as Lewin’s honeyeaters, blue-faced honeyeaters and noisy miners – will forage on nectar but will eat insects as well. They switch from one to the other, but once they have found their meal they will defend it vigorously from other birds. 
<h2>Insectivores</h2>
Insectivores feed on insects, worms, and other invertebrates. Some insectivore species include superb fairy-wrens, willie wagtails and grey fantails.
Insectivores are most attracted to gardens where both food and water are provided. While superb fairy-wrens were frequently found in gardens where food was provided, willie wagtails and grey fantails preferred to visit gardens where only water is provided. 
<h4> </h4>
Many people have told me how confident fairy-wrens and willie wagtails can become around houses and gardens. These tiny birds can be bold and aggressive, and can work together to get what they want. A mum and dad fairy-wrens will conscript their older children into looking after younger ones – and siblings who refuse to help find food and defend territory may even be kicked out of the family. So these tough breeds have a competitive advantage in their new urban environments, and aren’t afraid to mix with or even chase off bigger birds.
You may be wondering exactly what type of seed to put out to attract which granivore, or which meat attracts a carnivore like a Kookaburra. I’m afraid we can’t yet say for sure, as we are yet to analyse the data on this question. Watch this space.
<h2>Could birds become reliant on humans for food?</h2>
Many people worry that birds will become reliant on humans to provide food for them. But this mightn’t be as big a concern as we once though.
The birds turning up at feeding areas and birdbaths are species that are highly adaptable. Many Australian birds live long lives, and relatively large brains when compared to their European counterparts. Some experts have argued that some Australian birds have evolved a larger brain to cope with feast and famine conditions in the Australian environment.
<h4> </h4>
Many Australian bird species can switch easily between estates and gardens in one area, be semi-nomadic, fully nomadic or seasonally migratory. This ability to adapt and switch between diets makes Australian bird species very resourceful, innovative and adaptable. 
Of course, Australia also has birds that have highly specialised diets or habitats, and they’re the ones usually most threatened or limited to one territory – birds like the regent honeyeater or ground parrot. In this study, we’re concentrating on birds that are adapting to urban areas and turning up at birdbaths and feeding areas in gardens. 
<h2>Building our knowledge of bird feeding behaviour</h2>
We plan to develop guidelines around providing food and water for birds in a way that has the highest conservation value for our feathered friends. But before we can do that, we need more data from you. 
So please take part in the summer stage of the study and pass the word around to others who may wish to be involved.
The summer survey will run for four weeks, beginning on January 30 2017. Visit feedingbirds.org.auto download the complete report on our early findings or to register to take part in our summer study.
Grainne Cleary is researcher, School of Life and Environmental Sciences, Deakin University and author for The Conversation. She can be contacted <a href="https://theconversation.com/profiles/grainne-cleary-300485" target="_blank">here</a>.
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Birdbath, food or water? How to attract your favourite birds to your garden

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GUEST OBSERVER
With diverse reactions being stirred by the Victorian State Government announcement that come July 1st First Home Buyers in Victoria will be let off paying of having to pay stamp duty, the opinions on what the real impact might be differing greatly.
Fuelled by the housing shortage right around Australia and across Victoria, and an ever increasing demand from first time property buyers, the prices are set to stay strong and continue to edge forward. While the sentiment of waving the state charge comes from the right place and aims to support virgin buyers, some believe the ‘home free’ on the stamp duty may well drive prices up and even more out of reach for those starting out.
It is hard enough for first home buyers to get into the market, relieving the extra pressure of having to save up for stamp duty is certainly going to motivate more buyers.
Some experts believe this will drive prices up, rather than down, but really, it will encourage younger buyers to purchase sooner.
Additionally, the Victorian state government has announced to give first home buyers even greater incentive with a first home buyers grant of up to $20 k (provincially) and $10 k in metropolitan areas.
Price will never curb housing shortage, nor will affordability. As long as we have a shortage of land and steady demand, nothing will really change. But, with offerings that will save first time owners upward of $30 k, we will see more people taking the leap to property ownership sooner.
Property has been at the centre of the Great Australian Dream, mind you with median prices across Melbourne being what they are, for many young people it is either a pipe dream or a nightmare, she added.
Not surprising, the rentvestor trend is on the rise as younger people can not afford to buy where they want to live, she said.
While, the move by the Victorian State Government to abolish the stamp duty charge gets the thumbs up from first home buyers, whether this will drive prices up or not needs to be seen.
For many come the new financial year may mean actually getting into their first home due to these changes, however the risk lies in that people may borrow more than is sustainable or what they can afford to hold should interest rates start to climb.
I think it’s a good initiative and one that incentivises people to get into a property sooner, with time in the market being the key here, as long as one buys well.
Speculation that other states will have to follow suit or that we will see a back-lash of price increases because of this move by the Victorian State, will only be answered by time.
Marion Mays is the founder/director of Thalia Stanley Group and can be contacted <a href="https://www.thaliastanley.com.au" target="_blank">here</a>.
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Victorian first home buyers set to win – or are they? Marion Mays

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GUEST OBSERVER
If you gave ancient Romans iPhones, it would blow their minds… but if you took them to a modern construction site they would get it – for, thousands of years ago, they too built in concrete and brick as well as stone.
Today, about a third to half of the carbon emissions associated with a building over its lifecycle comes from creating the materials used to build it, but developers, builders and architects have been reluctant to change.
The solution doesn’t have to be invented. It already exists, in the form of modern engineered timbers. Unlike conventional materials, sustainably sourced engineered timber actually stores carbon. Engineered timbers are also cheaper, faster to build and can be pre-cut in factories, so there is less time lost to weather and safety risks are easier to control. The resulting buildings are sturdy, safe and well insulated.
In a world where housing affordability is an issue, where homelessness is a problem and where climate change is a real threat, I see engineered timbers in mid-rise apartments as being the future of building in urban areas.
Compared to tall towers, mid-rise building in cross laminated timber (CLT) – sometimes referred to as plywood on steroids – has a number of environmental advantages.
Tall buildings are highly inefficient. When you’ve got a tall tower, you’ve got to pump water up great heights, you need cooling as there’s no natural shade and they’re also often badly insulated and acoustically poor because developers cut costs by building in lightweight materials.
And a whole lot of tall towers together leads to poor urban spaces, which would be far better built at between seven and 12 storeys.
The problems are not just practical. We’re living in an age where many architects strive to achieve a design that is amazing, incredible and completely different – (translation: they draw a funny shape and give it to an engineer to work out how to build).
Sometimes it’s better to keep it simple, and make sure that the bedroom has a window and that you can get to the staircase and so on. Simplicity can have its own beauty, particularly when you’re building in timber. Architects also need to think about the construction material and incorporate this in the initial design stage.
In the UK, there are now about 500 buildings made of CLT, including civic spaces, schools and housing complexes. That number is set to explode.
There are currently three factories on the drawing board that will create modular CLT housing in the UK alone, and the largest of these is being designed to produce 5000 homes a year – at a cost of about 20 per cent cheaper than conventional materials.
I’ve also designed the world’s largest (by volume) CLT housing complex, Dalston Lane, in the UK, which is currently under construction. The ten-storey, 121-unit development is made entirely of CLT, from the external, party and core walls, through to the floors and stairs, weighing a fifth of a concrete building of this size, and reducing the number of deliveries during construction by 80 per cent.
Meanwhile, the record for tallest mass timber building – containing engineered timbers other than CLT – is constantly growing and currently sits at around 18 storeys in height.
In Australia, CLT has been successfully used, but is not as common as in the UK. That may change with a recent update in the construction code making it easier to build mid-rise CLT buildings – and with the imminent opening of Australia’s first CLT factory, meaning the material will no longer have to be import_ed.
There are a number of ways governments can help promote the use of timber, including:
Policies promoting a reduction in carbon emissions from buildings – regardless of building material
Timber first policies, which are used in many countries to ensure that timber should be considered as a building material in any public building project before design begins
Commissioning public buildings, including social housing, in engineered timbers to help increase industry knowledge and support local manufacture of CLT
Introduction of a carbon tax
However, in the UK, CLT has taken off without much in the way of government promotion because the business case for it is so compelling, and the environmental benefits a bonus.
Andrew Waugh is a founding director of Waugh Thistleton and can be contacted <a href="https://waughthistleton.com/" target="_blank">here</a>.
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Tall towers are not the answer to environmental challenges: Andrew Waugh

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First home buyers in the Southern Highlands are seeking out affordable housing options across the fringe suburbs, according to HTW’s March 2017 Month in Review.
The valuation firm says Robertson, Bundanoon, Colo Vale, Hill Top and Tahmoor offer better value for money than the three major towns of the area Bowral, Mittagong and Moss Vale.
“Most of these villages still have local shops, parks and schools and some have secondary rail services, but most are lacking in the larger supermarkets etc that the three main Highlands towns feature,” the report says.
“Residents of the fringe suburbs will drive to the larger towns for these services (usually a ten to 20 minute drive).”
HTW says older style houses on smaller 500 square metres blocks in Hill Top are selling from low $500,000, while new three bedroom duplexes are selling for $500,000 to $550,000.
In Robertson, a 1990s era three bedroom home on 770 square metres of land can be purchased in the low $500,000 range.
“The market in these villages has been strong over the past 12 months and that trend is expected to continue for the current period,” the report says.
“As far as advice to the first time buyer, it is always prudent to follow where planned infrastructure developments have been proposed.
“For example the recent announcement by the NSW Department of Planning that Wilton Junction has been designated as a priority growth area has brought the reality of the new township to accommodate up to 16,500 dwellings across the 4,175 hectare site located off the M5 East Freeway a step closer.
“Other areas earmarked for residential development include Tahmoor and Appin.
“Closer into the existing townships of Mittagong, Bowral and Moss Vale it is anticipated there will be limited releases of land predominantly restricted to subdivision of appropriately zoned larger lots.”
Property Observer found a four bedroom home <a href="https://www.realestate.com.au/property-house-nsw-bundanoon-124825674" target="_blank">14 Bromhall Road Bundanoon</a> (above) on a 2000 sqm corner block on the market for around $650,000.
The four bedroom home at <a href="https://www.realestate.com.au/property-house-nsw-robertson-124733590" target="_blank">2 Blackwood Place, Robertson</a> (below) on 1000sqm and is listed with expectations between $695,000 to $725,000.
 <img src="https://www.urban.com.au/images/2017/03/09/Screen%20Shot%202017-03-09%20at%201.01.45%20PM.png" alt="">
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