For most new apartment buildings, the Owners Corporation starts life with little more than a bank account and the first quarterly strata levies.

At <a href="https://www.apartments.com.au/buildings/9-gay-street-castle-hill-9-gay-street-castle-hill-nsw-2154">9 Gay Street</a> in <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>, it starts with around $7 million in reserve.

It's an unusual legacy of what was once one of Sydney's highest-profile apartment remediation projects. When the development, originally known as Skyview and built by disgraced developer Top Place, came under scrutiny by then NSW Building Commissioner David Chandler, an $11 million remediation bond was negotiated to ensure any building defects could be fully rectified.

The building underwent an 18-month remediation program, during which around $4 million of that bond was spent bringing the building up to the standard it should have been in from the outset.

After extensive inspections, all active rectification orders have been lifted. What's more, around $7.2 million remains secured for the Owners Corporation for the next 15 years.

In a twist few would have predicted, what began as a significant concern for purchasers has left the building with something almost unheard of in the apartment market: a multi-million-dollar financial reserve from day one.

[smartcode_project:default project_id=147685 project_image_fid=359136]

<a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a> Executive Chairman Greg Huxley said the structure offers buyers a level of certainty that is difficult to replicate.

"The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers," Huxley said.

"Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind."

The apartments themselves have been designed with a focus on practical, contemporary living. Interiors feature Smeg appliances, stone benchtops, tiled living areas, carpeted bedrooms, 2.7-metre ceilings, floor-to-ceiling glazing, and ducted heating and cooling throughout.

Residents also have access to a range of shared amenities, including two rooftop barbecue areas, a swimming pool, children's playgrounds, secure building access, storage cages, and visitor parking.

The location continues to be one of the project's strongest drawcards. Castle Hill Metro Station sits virtually on the doorstep, providing direct connections across Sydney's expanding Metro network, while Castle Towers offers extensive retail, dining, entertainment, and service amenities within walking distance.

[smartcode_project:default project_id=147685 project_image_fid=359127]

The building, now named after its location at 9 Gay Street, comprises a diverse mix of one-, two-, and three-bedroom apartments starting from just under $600,000.

Equitifund National Sales Director Ben Hamblett said demand in the Hills District continues to be driven by buyers seeking convenience and connectivity.

"Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre," Hamblett said.

"There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living."

On top of the long-term protection afforded by the remaining $7.2 million bond, Equitifund is offering a limited-time stamp duty rebate on selected apartments.

Eligible purchasers can also secure finance options, including a 3.99 per cent two-year variable rate, loan-to-value ratios of up to 90 per cent, and interest-only lending options through EquitiCredit.

[smartcode_project_cta:default project_id=147685]

Joel Robinson

Why this Castle Hill apartment building starts with a $7 million advantage

For much of the past few years, conversations about Australia's property market have centred on the rapid growth seen in Sydney, Brisbane, Gold Coast, and Perth. <a href="https://www.apartments.com.au/developments/melbourne-vic-3004">Melbourne</a> has followed a different trajectory.

That relative underperformance is now encouraging some buyers to reassess the city, particularly those willing to look beyond short-term market movements and focus on quality property in established locations, along with the long-term growth prospects of a city expected to overtake Sydney as Australia’s most populous.

John Bekiaris, Research &amp; Market Insights at <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a>, said Melbourne's current position is attracting increasingly sophisticated purchasers.

"Melbourne continues to present one of Australia's strongest long-term investment stories," Bekiaris says.

"While other capital cities have experienced stronger recent growth, that relative underperformance is exactly what's attracting sophisticated counter-cyclical investors."

[smartcode_project:default project_id=1979 project_image_fid=363268]

Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

[smartcode_project:default project_id=1979 project_image_fid=363229]

The apartments have been designed with owner-occupiers firmly in mind.&nbsp;Open-plan living and dining areas flow onto generous balconies framing views across Albert Park Lake, Fawkner Park, the Royal Botanic Gardens and the Melbourne skyline.

Kitchens feature Gaggenau appliances, stone benchtops and generous preparation space. Bedrooms include built-in robes, while bathrooms feature full-height textured tiling. Hardwood flooring and ducted air conditioning complete residences designed for long-term living.

Rothelowman's architecture takes its cues from the landscape opposite the site. Sweeping horizontal glazing references the movement of Albert Park Lake, while generous balconies and expansive glazing strengthen the connection between the apartments and the surrounding parklands. The result is a building designed to deliver the scale and amenity expected of luxury apartment living, while offering the larger floorplans increasingly sought by owner-occupiers.

[smartcode_project:default project_id=1979 project_image_fid=363284]

The location is one of Victoriana's defining characteristics. Positioned on Queens Road, residents are directly opposite Albert Park Lake and within easy reach of Fawkner Park, the Royal Botanic Gardens, South Melbourne, St Kilda Road and the CBD. With few comparable development opportunities remaining in the precinct, buyers are increasingly placing value on outlooks that are unlikely to be interrupted by future construction.

Greg Huxley, Founder of Equitifund, believes those qualities become even more valuable over time.

"Premium real estate has always rewarded buyers who take a long-term view," Huxley said.

"Victoriana represents the kind of asset that's increasingly difficult to recreate today, particularly in an established location like Queens Road."

He said rising construction costs are also changing the way buyers assess completed developments.

"When you combine an irreplaceable location with thoughtful architecture and premium finishes, you create something that becomes increasingly difficult to reproduce as construction costs continue to rise."

[smartcode_project:default project_id=1979 project_image_fid=363228]

According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

[smartcode_project_cta:default project_id=1979]

Why now is the time to buy in Melbourne's premium apartment market

Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

La Vera closes in on completion as Macquarie Park continues residential transformation

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

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Apartment prices in Sydney are more expansive than houses everywhere else in the country, according to CoreLogic.
Sydney apartments have a $675,000 median. Melbourne houses and Canberra houses are the closest in price. 
<a href="/images/2016/10/03/Capital%20growth.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/03/Capital%20growth.jpg" alt="">
 
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jchancellor-FAypfDUnLy

Apartment prices in Sydney more expansive than houses everywhere else in the country: CoreLogic

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A new exhibition at the University of Sydney opening this week will look at housing projects from around the world, which could provide solutions to reducing the cost of housing.
Designing Affordability: Quicker, Smarter, More Efficient Housing Now presents more than 20 case studies of houses and apartments internationally, alongside exemplary housing projects in Sydney, Melbourne and Brisbane.
The exhibition showing at <a href="https://sydney.edu.au/architecture/about/tinsheds/gallery/" target="_blank">Tin Sheds Gallery</a> in the University’s <a href="https://sydney.edu.au/architecture/" target="_blank">Faculty of Architecture, Design and Planning</a> is curated by New York-based Marc Norman, an urban planner who has been a strong advocate for affordable housing for more than 20 years.
“It has been interesting to learn that Sydneysiders are experiencing many of the same issues as New Yorkers where, simply put, development costs are exceeding what most people’s budgets can afford,” said Marc Norman.
“A goal of the exhibition is to look at innovative designs for affordable housing, but also look at the broader issue of housing affordability for housing types and populations.
“The best solutions are those projects where design, finance and housing policy are working in unison and creating replicable models for tackling the housing crisis,” he added.
Through case studies, the exhibition shows how architects, engineers, planners, policy makers, tenants and homeowners are crafting new ways to reduce project costs by rethinking how to build and maintain houses, in addition to rethinking the way people live.
From reimagining public housing models, leveraging land and building incrementally, to reconsidering the home and deploying technology, the exhibition looks at different approaches to reducing housing costs.
<a href="https://sydney.edu.au/architecture/about/people/profiles/m.aitchison.php" target="_blank">Associate Professor Mathew Aitchison</a>, Director of the Innovation in Applied Design Lab at the University of Sydney said: “The most striking aspect of the projects in the exhibition is the breaking of conventional boundaries of architecture, planning, property development, finance and construction. It shows a brave, optimistic, inclusive and wide-ranging attitude to innovate, experiment and improve housing solutions.”
The case studies feature varied solutions for a range of housing types from large, publicly-owned housing projects typical during the 1920s through to the 1970s, to privately-owned multifamily buildings, micro units and row homes.
While the make-up of families is now varied, housing choices have been slow to reflect new trends in the way families now live.  Innovative models that integrate sharing, communal facilities and economic development opportunities to create cost savings and build wealth for individuals and communities, are illustrated.
Universally, the competition for land has intensified and acquiring land can be a significant cost in housing construction. Yet the case studies show how major portions of government land are under used, valued and developed, and presents examples where affordability has been developed or preserved in the heart of cities.
New breakthroughs in technology are highlighted that produce hyper-efficient, ‘smart’ apartments that can make city living more affordable, productive and adaptable to lifestyles. By reconfiguring spaces that are multi-purpose and energy efficient, housing and other public costs can be significantly reduced in the longer term.
A <a href="https://www.propertyobserver.com.au/https://sydney.edu.au/news/architecture/295?eventid=11459" target="_blank">one-day symposium</a> on affordable housing will be held in the University’s Faculty of Architecture, Design and Planning on Saturday, 8 October. Guest speakers include Marc Norman, along with architects, local policy makers and architecture and planning experts from the University of Sydney and other universities in Sydney. They will examine building innovations, living situations and progressive partnerships unique to Australia that could address housing costs and the affordability issue.
Event details:
What: <a href="https://www.propertyobserver.com.au/https://sydney.edu.au/news/architecture/295?eventid=11432" target="_blank">Designing Affordability: Quicker, Smarter, More Efficient Housing Now</a>
When: 6 October - 18 November 2016
Where: Tin Sheds Gallery, Faculty of Architecture, Design and Planning, 148 City Road, University of Sydney
Hours: Tue-Fri, 11am-5pm
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j.ballantyne1990-6AQqhLzZaK

University of Sydney exhibition on thinking outside the box in designing affordable housing

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Adelaide now has the No.1 growth market among the eight state and territory capital cities.
While the former boom markets in Sydney and Melbourne have faded dramatically in 2016 (notwithstanding the dodgy data on auction clearance rates, which flatter to deceive), and Brisbane has lost some of its momentum, Adelaide has maintained its very steady performance.
My latest survey of sales activity for The Price Predictor Index shows that Adelaide leads the capital cities on the number of growth markets for the second consecutive survey. It has more suburbs with rising sales activity than all other cities, ahead of Melbourne and Brisbane. Adelaide is attracting growing attention from investors for its affordability and the value for money it offers compared to the bigger cities. 
Using sales volumes as the yardstick, there are now very few growth markets left in Sydney. And my latest survey adds another element to the downturn story: there are now suburbs I have identified as “danger markets”, because of the pattern of sharp decline in the number of sales. These are primarily apartment markets, where sales levels are dropping at a time of increasing supply. This represents an obvious danger for buyers.
Brisbane has had elevated sales activity for the past 2-3 years, without delivering the level of overall price growth seen in Sydney and Melbourne. But now, like the two biggest cities, Brisbane markets are running out of steam. In the past three quarterly surveys, the number of suburbs with growing sales activity has decreased markedly. This replicates the pattern seen earlier in Sydney.
At the same time, some of the inner-city apartment suburbs are now classified as “danger markets” – sales rates are dropping at a time of increasing new supply. Investors need to be careful also about Brisbane Northside suburban markets, as vacancies are high in some suburbs.
But Adelaide continues to thrive. It started 2016 in solid fashion and has kept going.
Unlike the patterns we have seen recently in Sydney, Melbourne and Brisbane, where individual precincts have stood out as the market leaders, Adelaide has a broad geographical spread of LGAs with good numbers of growth markets. There are five municipalities which each have between four and six suburbs with rising sales trajectories likely to lead to price growth.
The No.1 municipality is the Port Adelaide Enfield LGA. This is one of the largest municipalities in Adelaide, covering the inner north and north-west of the city. Six suburbs in this LGA have rising markets, mostly suburbs with median house prices in the range from $390,000 to $520,000, which in Adelaide tends towards “middle market”. They include Broadview, Northgate, Clearview and Hillcrest.
Close behind is the downmarket Salisbury LGA in the far north of metropolitan Adelaide – it has five rising suburbs and seven with steady consistent sales rates. The suburb of Parafield Gardens has lifted sales from 53 to 63 to 75 in the past three quarters.
The City of Charles Sturt remains one of Adelaide’s solid middle-market areas with plenty of sales activity. The Charles Sturt LGA includes bayside suburbs west of the Adelaide CBD and has rising markets such as Flinders Park (median house price $530,000), Grange ($680,000), Henley Beach South ($735,000) and Seaton ($470,000).
The Marion and Onkaparinga municipalities both have four suburbs with rising sales activity. The Onkaparinga LGA in the far south of the Greater Adelaide area has been prominent in most of our quarterly surveys over the past two years and is one of South Australia’s leading precincts for population growth.
I’ve always regarded the Adelaide Hills as one of Australia’s most appealing Hill Change lifestyle areas. But while the Adelaide market generally has been rising for the past two years, the Hills haven’t stood out in terms of sales activity until 2016.
It’s taken time for the growth to ripple out to the metropolitan fringes. But now a number of the suburbs in the Mount Barker and Adelaide Hills LGAs are featuring with strong sales momentum, headed by the suburb of Mount Barker where sales rates have risen from around 70 per quarter to above 100.
Adelaide has always suffered from a lingering reputation as a place that lacks serious population growth or economic oomph. But it has more going for it than people realise – including a good level of spending on infrastructure – and above all else offers great value-for-money in its real estate, relative to the bigger cities.
Terry Ryder is the founder of <a href="https://www.hotspotting.com.au/" target="_blank">hotspotting.com.au</a>. You can <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email him</a> or follow him on <a href="https://twitter.com/hotspotting" target="_blank">Twitter.</a>
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terryryder-YECXbqmri2

Adelaide claims top residential growth market

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<img src="https://counter.theconversation.edu.au/content/65561/count.gif" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
The return of land to Indigenous custodians in Australia over the past 20 years is a dramatic shift in Australian land tenure and management. Yet this revolution has, as yet, barely touched urban Australia.
Public and policy discussion about the future of urban Australia is framed as if Indigenous people were not present, and as if cities were not built on Aboriginal land. 
What would it take to think about cities as spaces where Indigenous and non-Indigenous systems, knowledge and values co-exist? What would recognising such co-existence mean for how the future of cities is decided?
<h2>Property and racial stereotypes</h2>
As in other urbanised nations, Australian cities are one of the main engine rooms of the national economy. Wealth creation is possible because of the system of private property rights that makes cities what they are today. 
Property shapes how cities function, how they look and how we live in them. And property fragments urban environments. It chops up the landscape with titles, fences, investment portfolios, development options and planning zones. 
In places like Australia, that system of property is imposed on Indigenous lands. It entrenches non-Indigenous property rights and excludes the people from whom the land was stolen. 
Most importantly, property works against the recognition that cities, too, are Indigenous places. It is a first important reason why the revolution in land titling and management has not penetrated Australian cities.
<h2>Urban areas off limits to land rights</h2>
While more than 30% of the continent has been returned to Indigenous control, almost none of that land is in urban areas. 
In contrast to Canada and New Zealand, it is exceptionally difficult for Indigenous people to gain access to land in urban Australia. There are few opportunities for land grants, and limited chance of success in native title, as recent research shows.
A second reason is racial stereotypes. Indigenous values are able to be acknowledged in natural but not in built environments. 
Places like Kakadu, Uluru and Budj Bim are where non-Indigenous Australia is willing to value traditional custodians’ contribution, knowledge and practice. Yet Aboriginal values in the built environment are virtually invisible. 
These racial stereotypes have been held a long time. They cast Indigenous people in urban environments as “too modern” to make legitimate claims. And they cast urban environments as too modified for ongoing Indigenous cultural connection. 
In jointly managed national parks, Indigenous majorities on boards of management are now a well-established approach. Yet the idea of having Indigenous people as majority decision-makers over urban development options or metropolitan-scale strategic planning is largely unthinkable. 
This is not an Indigenous problem. It is a problem of non-Indigenous racial stereotypes and the power of property rights.
<h2>Cities are political spaces of co-existence</h2>
Cities are nonetheless places where tensions simmer about recognition, reconciliation and land justice. The Tent Embassy in Canberra is perhaps the most symbolic and is an important model for other Aboriginal actions that assert sovereignty such as in Redfern, Perth, Brisbane and during Melbourne’s “Stolenwealth Games”.
The case is similar in other countries. In Vancouver, First Nations peoples issued the City of Vancouver with an eviction notice asserting unlawful occupation of their lands. The action came after the city council threatened to forcefully remove people, many of them Aboriginal, living in a homeless camp in a city park. 
In Honolulu’s Kaka’ako district, there is a direct relationship between the number of native Hawaiians sleeping rough under tarps and the rapid gentrification of their lands by upscale housing developments. 
Canada is also the place where we find some interesting examples of urban co-existence between Indigenous peoples and settler governments. The small city of Iqaluit was declared the capital of the Nunuvat territory in 1999, one of many dimensions of the Nunavut Land Claims Agreement. Iqaluit is a multicultural town under an admittedly constrained form of Inuit self-governance.
In 2014, Vancouver City Council declared the Year of Reconciliation. It passed a formal declaration acknowledging that the city was:
"… founded on the traditional territories of the Musqueam, Squamish and Tsleil-Waututh First Nations and that these territories were never ceded through treaty, war or surrender."
It is more than ironic that this is the same council that sought to remove the homeless camp. 
<h2>On the horizon 
</h2>
In Australia, too, some new opportunities signal possibilities for meaningful co-existence in cities. The settlement of the Noongar claim in southwest Western Australia heralds important opportunities for Noongar access to land and involvement in urban governance in the Perth metropolitan area and beyond.
Earlier this year, the Queensland parliament passed new planning legislation. It makes “valuing, protecting and promoting Aboriginal and Torres Strait Islander knowledge, culture and tradition” a central purpose of planning.
In Victoria, a recent review of Aboriginal heritage legislation has strengthened the role and powers of traditional custodians in the protection and ownership of their cultural heritage. It makes their role in urban development increasingly important.
How any of these opportunities unfold will depend on the willingness of non-Indigenous systems of urban governance and management to shift over. Allowing genuine space for Indigenous knowledge, law and cultural perspectives on urban decision-making would surely be significant to achieving a meaningful co-existence in cities.
<h2>Imagining different urban futures</h2>
Let’s imagine how urban Australia might be different. 
Imagine if caring for country principles were at the heart of the urban development system. Imagine if the planning and design of public space recognised these are some of the only places that Aboriginal people can access a land base in the city.
Imagine if we used density and zoning tools to provide reparation for land theft and to redistribute wealth. Imagine if mainstream urban planning processes recognised continuing co-existing Indigenous methods of land governance. Imagine if we did urban development in a way that honours Indigenous histories, knowledge and relationships with those places.
Wouldn’t that be a meaningful co-existence worth striving for in Australian cities?
Libby Porter is vice-chancellor's principal research fellow and Associate Professor, RMIT University and author for The Conversation. She can be contacted <a href="https://theconversation.com/profiles/libby-porter-300183" target="_blank">here</a>.
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How can we meaningfully recognise cities as Indigenous places?

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<div>
Kidsafe Victoria has released an online information kit for estate agents, property managers and landlords to assist them in providing information and resources to tenants.
Robert Caulfield, Vice President of Kidsafe Victoria, said landlords have a legal requirement to install and maintain pool fences and gates that meet the relevant Australian Standards and tenants are required to ensure that the pool fence is maintained and operating correctly. 
"All pool and spa barriers will experience exposure to extremes of weather and wear and tear over time, including rust, missing bolts or screws and damage," he said. 
"Therefore it is important that they are regularly checked and maintained, especially in rental properties."
Simon Cohen, Director of Consumer Affairs Victoria, said landlords and tenants share responsibility for making sure fencing and gates around pools are safe. 
"I urge landlords and their property managers to make use of this kit and work with tenants to ensure the safety of pool areas," he said.
Kidsafe are encouraging all estate agents, property managers and landlords to visit: 
<a href="https://r20.rs6.net/tn.jsp?f=0019CeQ7RbOhXmmgfm9RBMNhID0-SP1SUfSX_Fm6FApj8Awkmz7X8japk8sWrNptQDUQ3NM7HpT0eScPABaZj57h2fbYjG-8jeKx4XwszLw6Yxf-7VaW27GGFod4Tce4c3YxCjVhXeNIltB_xWSOhoqPQDG7ZX2fLD_7hMKQlW8BLaT7ORUQFVQWeu1pl8kHIucTCb-kFJWf0Z4qg17LNtF2ZRyBB52f7M2FkRHGLRnnX3C4mjZCprT3LCobGy52XBJKHnf-xz3kJQ2UUOHqCmK4w==&amp;c=h2CII_jdhUatADV4O5SkGgTBzOE35Nu7YbWr4lbsZ70PIS8uUWTNiQ==&amp;ch=Ef-tTSAbXew2vNHdlWTVBiwjfZDYi0HYiuVllnUCN4KEOdEwGx2TGQ==">https://www.kidsafevic.com.au/water-safety/pool-fence-safety/renting-or-leasing-a-property-with-a-pool</a> today, download their free copy of the backyard pool and spa information kit and provide information and resources to their tenants.
Life Saving Online Kidsafe Resources for Pool Owners
The campaign calls for all pool and spa owners to visit: 
<a href="https://r20.rs6.net/tn.jsp?f=0019CeQ7RbOhXmmgfm9RBMNhID0-SP1SUfSX_Fm6FApj8Awkmz7X8japm8j87045FG2UzPotYf0XhnT6Vl1zgJapMR3l4oH_Od_H7tfWO-Uspt0rB7hi0aSaeW1qRKL8Vh0ParRt0p5jDl6gg0xfng9qV6SlxO1clILO1O1C6wA5T59xXtcuDGcmOGF_fqMovmkUpipOuHY2bbCNBZ8qreQscPbQnIMRrKX&amp;c=h2CII_jdhUatADV4O5SkGgTBzOE35Nu7YbWr4lbsZ70PIS8uUWTNiQ==&amp;ch=Ef-tTSAbXew2vNHdlWTVBiwjfZDYi0HYiuVllnUCN4KEOdEwGx2TGQ==">www.kidsafevic.com.au/water-safety/pool-fence-safety</a> and utilise the online resources, including the home pool safety assessment tool developed by Life Saving Victoria, to check the safety of their pool areas. This includes common pool barrier faults/non-compliance issues such as:
</div>
<div>
<div>
<ul>
<li>Gates that don't self-latch or self-close. </li>
<li>Climbable objects in the 'non climbable' zone outlined in the Australian Standards (e.g. pot plants, chairs, pool pumps near the pool fencing which could allow a child to climb over the fence). </li>
<li>Excess space under the fence, and; </li>
<li>Misuse (e.g. propping the pool gate open). </li>
</ul>
</div>
</div>
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jonathanchancellor-7SQnKwU6yx

Property 101: Kidsafe releases rental backyard pool safety kit

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<img src="https://counter.theconversation.edu.au/content/65226/count.gif" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
Whether you live in an urban apartment or a rural homestead, your outdoor area is more than just a private space. Ecologically, a garden is another jigsaw piece in the landscape. 
Whatever their size, gardens can contribute to natural functions and processes in the local area, such as regulating water drainage, buffering the damaging effects of strong winds, or providing food and shelter for native wildlife. 
Many wildlife species survive in urban areas, but their presence and persistence depend on how specific their food and shelter needs are, how they respond to disturbances, and the quality and quantity of other green spaces in the landscape. 
For larger animals, such as birds and mammals, a home garden could become a stepping stone across an otherwise hostile urban landscape. For smaller animals, such as insects, it could be the centre of their home range.
In urban areas, where space is often limited, gardening with pollinatorsin mind is a simple way to encourage biodiversity in the backyard. And, depending on the surrounding landscape, habitat for pollinators will also be habitat for other animals.
<h2>Flowers are just the first step</h2>
Flowers produce sugar (nectar) and protein (pollen), the main diet for many adult insects and birds. Unlike other insect groups, native beelarvae develop almost exclusively on pollen collected by their parents, so flowers are essential to grow native bee populations.
There is no single best combination of flowers for wild bees. Many “plants for pollinators” lists available online are based on local experiences and rarely apply to all geographic regions. A general rule of thumb for a pollinator garden is one that produces flowers for most of the year and is built on diversity – monocultures of any single flower type or colour will suit only a very small number of generalist species.
Native plants are an ideal option for attracting native pollinator insects and birds, but many garden exotics, especially herbs, fruit and vegetable plants, are just as popular. Modern hybrid varieties should be chosen carefully, as some are bred for commercial fruit or flower traits (like size or colour), but the flowers lack the nectar or scent cues that attract pollinators looking for food. 
<h2>Build it and they will come</h2>
The structure and design of a garden can determine what wildlife species will visit or make a home. Vertical structure, built from multiple layers of different plant heights, provides more spaces for wildlife to co-exist. Small plants and shrubs provide good shelter for insects and very small birds, while larger trees will attract visits from more mobile birds and mammals. 
Large trees with rough or shedding bark that creates lots of cracks and crevices are excellent shelter for insects and small lizards. Trees that produce resins and sap flows, such as conifers, acacias and eucalypts, are also useful for some native bee and wasp species that use resin to seal their nest cells. 
Insect hotels can provide homes for insects that usually nest in dead wood. But only a small proportion of the world’s bee species are wood-nesters. About 75% of bee species dig their nests into the ground, usually in sandy, uncompacted soil, preferably on a slope that won’t get waterlogged. 
It can be difficult to build all of this into small gardens, but many pollinator insects will have home ranges of a few hundred metres, while birds and mammals can travel much further. So landscape composition can also influence the wildlife potential of an individual garden. A high proportion of paved areas can reduce the number of wild bees or native birds in the neighbourhood. Highly manicured green spaces can also have a negative effect on wild bee species. 
<h2>Disrupting the food chain</h2>
Like any ecosystem, gardens involve an intricate web of life, from the soil microbes underground to the birds in the trees. It’s easy to grab the spray bottle to kill off the dandelions and blow down the flies, but what are the knock-on effects?
Many of the animals and plants we think of as a backyard nuisance often provide services we don’t see. For example, many native wasp and fly species (even blowflies!) are pollinators as adults. And as larvae, they control many of the insect pests we see on our plants, or decompose organic wastes. Small reptiles, like geckoes and skinks, mostly feed on small insects that annoy us, like mosquitoes and midges.
Plants we think of as lawn weeds, particularly dandelions and clover, are a favourite food source for native bees and hoverflies. Aphids and scale insects also produce a sugary substance called honeydew as they suck on plants, which is an important sugar source for some beneficial insects like wasps, bees, ants and hoverflies. 
Limiting synthetic chemical use is one of the easiest and cheapest ways to enhance wildlife in gardens. Insecticides can kill beneficial insects, or affect them indirectly by disrupting their metabolism or reproductive cycles. Overuse of herbicides removes important food resources, like dandelions, that pollinators rely on if other flowers are scarce. 
There is also the potential for chemicals to work in combination and have a greater impact.
<h2>Managing gardens as ecosystems</h2>
Many wildlife don’t like regular disturbances, which is why urban areas can be intimidating environments for animals. It can be hard to balance human needs with the habitat needs of wildlife. Many actions that minimise risks for humans can have the opposite effect for wildlife. 
For example, pollinators generally prefer open grassy areas to dark forested areas. In urban environments, grassed areas are often mown regularly for human recreational and safety needs. This affects the availability of flowers for pollinators and also affects the persistence of these plant species. Mowing less often and outside peak flowering times can make a big difference for plants and pollinators. 
Similarly, large old trees are homes to myriad animals. Unless they pose a very real risk of danger to human lives, pruning overhanging branches can be better for the local ecosystem than removing the whole tree. 
Wildlife are rarely deterred by fences, so it is likely that most of the animals you see in your yard are also using your neighbours’ yards. Managing gardens as a collective landscape, rather than individual gardens, can keep wildlife happy while also enhancing neighbourhood communication.
Manu Saunders is post-doctoral research fellow (Ecology), Charles Sturt University and author for The Conversation. She can be contacted <a href="https://theconversation.com/profiles/manu-saunders-1448" target="_blank">here</a>.
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Birds, bees and bugs: your garden is an ecosystem, and it needs looking after

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Developer Goldfields has unveiled Patch, a contemporary 83-apartment community with an expansive, tree-lined communal area, light, bright and high-contrasting interiors and a striking architectural façade.
Located at 243 Queens Parade in Fitzroy North, Patch is within walking distance of Merri Creek, Clifton Hill and Rushall Train Stations.
<img src="/images/2016/10/05/image003-1.jpg" width="300">
The 12-storey development has 83 one, two and three-bedroom apartments, a communal terrace on level eight and ground floor retail space.
Goldfields’ Managing Director, Marco Gattino, said the company acquired the site with a building permit in place, but chose to partner with architect Fieldwork to refine the offering.
<img src="/images/2016/10/05/1614_Goldfields_QueensPde_HighContrast_Kitchen.jpg" alt="">
 
A communal terrace on level eight is a standout feature of Patch, including a 300 square metre tree-dotted deck, indoor and outdoor dining facilities and a communal kitchen and cooking area that has views of the CBD.
Daniel Cashen at Knight Frank said there had already been a strong response from the market.
<img src="/images/2016/10/05/1614_Goldfields_QueensPde_External_Retail.jpg" alt="">
Most residences will include a car parking space, an additional cage and access to bike storage. 
Patch offers one-bedroom apartments priced from $390,000 up to luxury 240sqm, 3 bedroom penthouses inclusive of 120sqm balcony, for $1,400,000.
Construction is scheduled to commence towards the end of 2016 and expected for completion by the middle of 2018.
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Contemporary 83 apartment Patch complex launched in Fitzroy North

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GUEST OBSERVER
Resource towns have typically seen the lowest turnover over the past 12 months while lifestyle markets and new housing areas are seeing relatively higher levels of turnover.
Across the nation, the number of residential properties sold has reduced over the past year. This trend has been reflected across most capital cities and major regional areas of the country. One of the main reasons behind the decline in sales has been a reduction in stock becoming available for sale.
In addition to fewer homes being available for sale, lending conditions have also tightened and affordability constraints are preventing some market segments from being more active.
Over the 12 months to June 2016, just 4.9% of total dwelling stock nationally transacted. Based on this figure it would take around 20.5 years for the total national housing stock to turnover.
The low turnover rate also highlights why price based measurements such as median prices aren’t the most reliable for tracking value movements across the housing market given that so little of the total housing stock actually transacts in any given year.
The turnover figure is different to the often quoted average hold period figure. Turnover looks at the proportion of total stock which is selling while the hold period calculation looks only at those homes transacting and measures the length of time between sales. The two figures highlight that there are properties which transact on a more regular basis while there are others which rarely sell.
The first table highlights the 25 council areas nationally that had the lowest turnover of housing stock over the year to June 2016. What is immediately noticeable from the list is the prevalence of regions linked the resources sector.
These areas have been characterised as having plenty of willing sellers of properties but relatively few people actively looking to buy. This is reflected by the fact that in some of these regions only a small overall proportion of housing stock has actually transacted.
<a href="/images/2016/10/04/Lowest%20level%20of%20turnover.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/04/Lowest%20level%20of%20turnover.jpg" alt="">
The second table shows the 25 council regions that have recorded the greatest turnover of housing stock over the past year. This list of suburbs is slanted towards coastal/lifestyle markets. It also includes a number of council areas in which there has been significant housing supply additions over the year.
The heightened level of turnover in lifestyle markets indicates that the popularity of purchases in these markets has returned after many years in the doldrums.
<a href="/images/2016/10/04/Highest%20level%20of%20turnover.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/04/Highest%20level%20of%20turnover.jpg" alt="">
Cameron Kusher is senior research analyst at <a href="https://www.myrp.com.au/">RP Data</a>.
 
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Wingecarribee the busiest district for turnover of housing stock: CoreLogic

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<img src="https://counter.theconversation.edu.au/content/66486/count.gif" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
When Australia’s central bank moves interest rates as part of its monetary policy, it’s not just politicians who stand to lose if banks don’t follow suit. 
Retail lending markets form an integral part of the monetary policy transmission mechanism. If interest rate rises are passed on at a different rate to cuts it can adversely affect the efficacy of expansionary versus contractionary monetary policy.
In August 2016, APRA data showed the big four Australian banks held 83 percent of the home loan market (including both the owner occupier and investment categories). 
At an individual level, the ability and willingness of lenders to pass on the official interest rate cuts to borrowers depends on many factors. These include exposure to overseas funding sources, market power, the funding mix, reserves and the extent of securitisation. But it’s also clear delaying interest rate cuts can significantly impact their bottom line.
According to my analysis, the big four banks can make approximately $A8.6 million per day as a group if they do not fully pass onto borrowers a hypothetical 0.25 percent cut in the RBA’s cash rate. 
<a href="/images/2016/10/06/Screen%20Shot%202016-10-06%20at%2011.08.06%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/06/Screen%20Shot%202016-10-06%20at%2011.08.06%20AM.png" alt="">
More specifically, if ANZ, CBA, NAB and Westpac manage to postpone lowering their mortgage interest rates say by 10 days, they can potentially make an extra A$16, A$28, A$16 and $A26 million dollars in profits, respectively.
Previous studies on mortgages, small business loans and credit card interest rates have found significant evidence for the “rockets and feathers” hypothesis. That is, when the cash rate increases, various lending rates shoot up like rockets but when the opposite occurs they go down like feathers.
In my research I used monthly data (2000-2012) for 39 bank and non-bank financial institutions including 7 building societies, 15 Australian-owned banks, 3 foreign subsidiary banks, 13 credit unions, and 1 major mortgage broker. The research found the mortgage interest rate spread of all lenders rose after the 2008 global financial crisis, albeit to varying degrees. 
In general, the research shows most building societies and some credit unions can offer more competitive home loans than banks.
There is no significant relationship between lenders’ markups and the level of over the counter customer service since the 2008 financial crisis. This is an important observation as the mortgage spreads of larger lenders are typically higher than those of their smaller non-bank counterparts. This puts lie to the view that the relatively higher mortgage interest rates of the larger banks in Australia are justified by higher overhead costs associated with the running of their large branch networks.
Abbas Valadkhani is professor of economics, Swinburne University of Technology, and author for The Conversation. He can be contacted <a href="https://theconversation.com/profiles/abbas-valadkhani-177513" target="_blank">here</a>.
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Banks make millions in delaying interest rate cuts

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GUEST OBSERVER
A 400 percent spike in days lost due to industrial disputes in the building and construction industry shows the urgent need to bring back the ABCC.   Master Builders Australia told the Senate Inquiry into the Government’s bills to bring back the ABCC that the building industry is alarmed at the worsening industrial environment on building sites since the last Senate Inquiry into the bills in February this year.   Put simply, things have not improved, and in many respects have worsened. Without the ABCC, this trend will continue and the community will keep paying more for schools, hospitals and roads.   Since February 2016 the number of days lost to industrial action in our industry has dramatically according to ABS data. The most recent data showed the construction industry as having the highest number which comprised two thirds of the national total   It is simply unacceptable. It’s the community that suffers not just from more expensive community facilities but from the economic damage as unacceptable and unlawful building union practices holds back productivity and job growth in the nation’s third largest industry.   In the past week we have seen Fair Work Building and Construction (FWBC) in the courts trying to stop rolling CFMEU stoppages targeting a contractor in Queensland. Earlier this year the union unleashed similar industrial tactics delaying construction of Commonwealth Games facilities that will cost taxpayers in the hundreds of thousands.   Recent court cases also highlight how small businesses are the victims of building union bullying. Evidence heard by the Heydon Royal Commission highlighted the plight of small building firms without a strong cop on the beat to protect them or the deep pockets necessary to take defensive legal action.   The Royal Commission also heard evidence from the Police about their inability to tackle the building unions to ensure they comply with the rule of law like normal people.
This is why, following a double dissolution election that reaffirmed the Government’s mandate to bring back the ABCC, Master Builders continues to strongly back the return of a tough cop on the beat on building sites.
Wilhelm Harnisch, chief executive officer, Master Builders Australia and can be contacted <a href="https://www.masterbuilders.com.au/" target="_blank">here</a>.
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