Developer <a href="https://www.apartments.com.au/developers/bottega-property-group">Bottega House</a> has secured council approval for its first Brisbane project - a $270 million luxury residential development on an absolute riverfront site in leafy St Lucia.&nbsp;

The 15-storey project, known as <a href="https://www.apartments.com.au/new-apartments/st-lucia-by-bottega-house-180-macquarie-street-st-lucia-qld-4067">St Lucia by Bottega House</a> , will occupy a prime north-facing site at 178-180 Macquarie Street, directly fronting the Brisbane River in the established inner-west suburb known for its rowing clubs, golf courses and sprawling University of Queensland campus.&nbsp;

St Lucia by Bottega House will feature a suite of amenities including dedicated wellness spaces, a mineral pool and cold plunge. The project has been positioned to attract affluent owner-occupiers seeking high-quality, house-sized apartments.&nbsp;

Bottega House has been set up by co-directors Nick Malloch, Louis Mennes and Craig Marsh.

Malloch said the project drew inspiration from its Brisbane River setting and leafy inner-west surrounds, while responding to the demands of discerning locals looking to transition from freestanding homes into apartment living.&nbsp;

"With an expansive river frontage and lush green surrounds, we knew we had to create something special that reflects the natural beauty of the location while offering residents masterfully crafted homes," said Malloch.&nbsp;

"Our intent was to complement the project's quiet, private setting by introducing residences that offer a calm retreat and sanctuary from the everyday. The result is a harmonious blend of architecture, interiors and amenity that emphasises wellbeing, comfort and beauty without excess."&nbsp;

Malloch added that project consultants had been carefully selected in alignment with Bottega House's commitment to care, quality and attention to detail. The design team includes architects <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a>, interiors practice <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and landscaping by <a href="https://www.apartments.com.au/architects/urbis">Urbis</a>.&nbsp;

Three-bedroom apartments are expected to start around $5 millio. Selling agents Keenan &amp; Byrne said the pricing strategy for the project was anticipated to achieve upwards of $25,500 per square metre.&nbsp;

The project's development approval this week follows the success of Bottega House's inaugural Queensland project - a 22-storey collection of full-floor sky homes at Broadbeach on the Gold Coast which included the sale of a two-storey penthouse at a record price for a beachside residence.&nbsp;

St Lucia by Bottega House is expected to launch to market in November, with construction anticipated to be completed mid 2029.

[smartcode_project_cta:default project_id=151826]

Joel Robinson

Bottega House to make Brisbane debut with St Lucia riverfront apartment development

<a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Property Group</a> is advancing its affordable apartment model into Brisbane with the acquisition of another site at Cordelia Street in South Brisbane for $27 million.

Sherpa, which has a $1.7 billion pipeline across Southeast Queensland, intends to bring a cohort of apartments exclusively for first homebuyers into its proposed 186-apartment project to be built at 2 Cordelia Street.

The Sherpa model has already been incredibly well received from their Gold Coast projects, where Sherpa Group set aside a number of apartments exclusively for first homebuyers.

The new $320 million project marks Sherpa Group's second development in Brisbane, following its $255 million Symphony project, also on Cordelia Street, which is currently under construction.

Symphony will deliver 146 apartments across 28 levels, offering a mix of one, two and three-bedroom apartments. With 114 already sold, construction by <a href="https://www.apartments.com.au/builders/lps-group">LPS Group</a> is scheduled for completion in 2028.

[smartcode_project:default project_id=7574 project_image_fid=351654]

Sherpa Founder, Christie Leet, said the company was excited to be venturing into Brisbane for its second residential project.

“We’re big believers in the future of Brisbane as we lead into the 2032 Olympics and beyond,” Leet said.

“The success of Symphony has guided us into what will be our second project and we look forward to submitting our plans with council soon so we can deliver yet another quality project to the inner city residential market.

“Our Flourish model has been very well received both in Brisbane and the Gold Coast, and we’re excited to be able to offer some of these apartments again exclusively to first homebuyers to help get them into the property market.

“The model has been extraordinarily well received in our previous projects and it is something we are committed to moving forward.”

2 Cordelia Street will be designed by <a href="https://www.apartments.com.au/architects/hal-architects">HAL Architects</a> &amp; Finegrain and will include Sherpa’s signature residential amenities including pool, gym, recreation, wellness and work from home spaces.

The project will feature ground-floor commercial space, creating a vibrant amenity for residents and the surrounding community.

A development application will be lodged with Brisbane City Council in August on the code compliant site and will be launched to the market early 2027.

Sherpa acquires new site for second Brisbane apartment tower

One of North Sydney's best-known commercial buildings could become hundreds of new homes, with insurance giant Zurich Australia lodging a State Significant Development Application (SSDA) to transform 5 Blue Street into a mixed-use residential development above North Sydney Station.

Rather than demolishing the existing building and starting again, Zurich is proposing an adaptive reuse project that would convert the landmark office building into a 15-level residential development delivering 62 apartments, 86 affordable co-living dwellings, activated retail and significant upgrades to the Blue Street Plaza.

The proposal reflects a growing trend of commercial property owners repositioning ageing office assets into residential housing as Sydney grapples with housing supply shortages and changing workplace demand.

<img alt="Zurich" data-entity-type="file" data-entity-uuid="0bba7d12-06dc-4375-aad7-238c94b21ac5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%2010.42.05%E2%80%AFAM.png?VersionId=NJl5oLAEBDGuPmY3RnyliKODjMc8lvRh" />

Located directly above North Sydney Metro and train station, the 3,051 sqm site occupies one of the most strategically positioned parcels of land on Sydney's Lower North Shore.

Designed by fjcstudio, the proposal seeks to retain and adapt much of the existing structure while creating a contemporary residential address that better connects with the public domain surrounding North Sydney Station.

The application proposes two basement levels, ground floor retail, affordable co-living accommodation across the podium levels, and apartments above, while preserving and enhancing the publicly accessible Blue Street Plaza.

Rather than pursuing maximum apartment numbers, Zurich has opted for a housing mix heavily weighted towards larger owner-occupier residences.

The proposal includes 62 build-to-sell apartments comprising 12 one-bedroom, 19 two-bedroom, 29 three-bedroom apartments and two premium penthouses. It also incorporates 86 affordable co-living dwellings, which would be managed in perpetuity by a Community Housing Provider.

That balance between traditional apartments and affordable housing reflects the NSW Government's push to increase housing diversity around major transport infrastructure.

The proposal has been lodged concurrently with a rezoning application, with Zurich arguing the site is ideally positioned to support additional housing given its immediate proximity to public transport, employment and services.

"The proposal aims to respond to the housing challenges facing Sydney through the delivery of diverse housing types in a highly accessible location," the design report by fjcstudio states. It also seeks to improve pedestrian amenity through upgrades to Blue Street Plaza while creating a high-performing residential building that responds to the surrounding context.

<img alt="Zurich" data-entity-type="file" data-entity-uuid="36082e15-c636-4481-bb68-5a5f6443fe39" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%2010.41.36%E2%80%AFAM.png?VersionId=5P6VD.fvmqjQfIG3TWWMRXxQWiQBjeFB" />

Rather than replacing the commercial building, fjcstudio has developed a design that works with the existing structural framework above the rail corridor, an approach that significantly reduces demolition while allowing the site to be repositioned as a mixed-use residential precinct.

The existing structural constraints have informed much of the building's design, including its relationship with Blue Street and surrounding public spaces.

The building has been designed as a slender tower rising above a clearly defined podium, with vertically expressed façades intended to reduce the perceived bulk while reinforcing North Sydney's emerging skyline.

According to fjcstudio, the architectural language responds directly to the surrounding commercial towers while maintaining a finer grain expression more closely aligned with the neighbouring Lavender Bay streetscape.

The tower incorporates articulated façade elements, landscaped podium edges and recessed upper levels to soften its appearance and improve pedestrian amenity below.

A significant component of the proposal is the revitalisation of Blue Street Plaza.

The existing public space has long served as one of the primary pedestrian connections between North Sydney Station, Greenwood Plaza and Blue Street, yet its role is expected to become even more important following the opening of Sydney Metro.

Zurich's proposal seeks to strengthen that role by improving landscaping, introducing new retail frontages, enhancing pedestrian permeability and creating more active edges throughout the day and evening.

Ground floor retail would wrap the plaza, while separate residential and co-living entries have been designed to improve wayfinding without reducing street activation.

Landscape design has been integrated throughout the podium and public realm, softening what is currently one of the most heavily urbanised parts of North Sydney.

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fjcstudio has carefully oriented apartments towards Sydney Harbour and the CBD while using privacy blades and articulated façades to minimise overlooking between neighbouring buildings.

Large framed openings along the western elevation maximise harbour outlooks, while the eastern apartments have been angled towards the south-east to improve privacy from neighbouring development.

The project forms part of the continuing transformation of North Sydney from a predominantly commercial CBD into a genuine mixed-use city centre.

Since the completion of Victoria Cross Metro Station, developers have increasingly shifted their attention towards residential projects capable of leveraging the area's unparalleled transport connectivity.

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FiveX recently lodged plans for a 61-storey, 490-apartment tower that would become one of the tallest residential buildings in North Sydney if approved.

Aqualand continues to expand its Lower North Shore presence following the completion of AURA on Walker Street and its recent St Leonards and Roseville proposals.

Developers are also progressing projects throughout Walker Street, Miller Street and the Victoria Cross precinct as demand for well-located owner-occupier apartments continues to strengthen.

First look: Zurich targets North Sydney office conversion with 148-unit proposal above Metro station

Busy developer Aqualand Prestige has formally taken the next step in its expansion across Sydney's Lower North Shore, lodging a State Significant Development Application (SSDA) for its long-held Archer Street site in Chatswood.

The application covers <a href="https://www.apartments.com.au/new-apartments/51-55-archer-street-chatswood-nsw-2067">51-55 Archer Street</a>, a 1,767 sqm amalgamated site on the eastern edge of the Chatswood CBD, where the developer is seeking approval for a 45-level mixed-use tower delivering 114 apartments, including a significant affordable housing component, alongside retail, commercial space and six basement levels of parking.

The SSDA marks the latest milestone for a project Aqualand has been quietly progressing over the past two years. The developer first secured the site for its Aqualand Prestige platform before undertaking an alternative design excellence process with PTW Architects, ultimately avoiding a formal design competition through the Housing Delivery Authority pathway.

The proposal has evolved considerably from Aqualand's original concept. The revised scheme has been designed around larger owner-occupier product, with an unusually high proportion of three and four-bedroom apartments, targeting the more affluent buyer profile, and downsizer, emerging across the North Shore.

<img alt="Archer St" data-entity-type="file" data-entity-uuid="0171204c-5811-41b5-9b09-2335d1b7c3d0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%208.52.48%E2%80%AFAM.png?VersionId=6YTuxfq.puZo7k2wbfgemcO5K3QfXYGQ" />

The 114-apartment mix comprises six studios, 27 one-bedroom apartments, 18 two-bedroom apartments, 50 three-bedroom residences and 13 four-bedroom homes. A quarter of the building will be dedicated to affordable housing, well above the mandated 15 per cent&nbsp;

PTW has structured the building vertically, with affordable housing across levels one to six, premium apartments through levels seven to 31, duplex skyhomes on klevels 32 to 43, a penthouse on level 44, and a rooftop plant level above. Six basement levels will provide resident parking and servicing.

The tower is proposed to reach approximately 154 metres, placing it among a growing collection of residential high-rises transforming Chatswood's skyline.

Rather than competing purely on height, PTW says the design has been driven by creating a slimmer tower capable of delivering significantly larger apartments.

"The primary objective of this project was to create a distinctive building that stands out from the recently approved or built structures in the Chatswood area," the design report states, noting the structural efficiency allows greater investment into apartment quality and resident amenity.

Residents would have access to more than 450 sqm of communal open space including landscaped gardens, swimming pool, rooftop entertaining areas, fitness spaces, community gardens, children's play areas and barbecue facilities.

A major focus of the design has been the public domain.

The ground plane has been opened up through landscaped terraces inspired by Willoughby's sandstone ridges, with native planting, public seating, artwork, retail activation and a series of gathering spaces intended to soften what has traditionally been a hard commercial streetscape.

The landscape strategy references Blue Gum forests once common throughout the area, while incorporating Indigenous storytelling, public art and lighting installations to strengthen the connection to Country.

Chatswood has been one of Sydney's busiest apartment markets over the past 12 months, with a steady pipeline of both new project launches and fresh development applications.

Hyecorp recently launched Celine, a 122-apartment development just along Archer Street, while Changfa and Huirong Group are progressing The Anderson, an 84-apartment project on Anderson Street.

Develotek recently secured approval for a 101-apartment tower on Pacific Highway, while Tian An LFD received the green light for Hammond Greens, its apartment development on the edge of the Chatswood Bowling Club.

Commercial property developer FiveX is also making its move into the residential market. Last month it lodged plans for a 61-storey tower with 490 apartments, which, if approved, would become one of the tallest residential buildings in Chatswood.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-fivex-targets-chatswood-skyline-with-61-storey-tower-after-north-sydney-plans">First look: FiveX targets Chatswood skyline with 61-storey tower after North Sydney plans</a>

Aqualand is also expanding its development pipeline following the launch of its luxury residential brand, Aqualand Prestige. The developer has delivered a string of high-end apartment projects across Sydney's affluent suburbs over the past decade, most recently AURA by Aqualand on Walker Street in North Sydney.

[smartcode_project:default project_id=30959 project_image_fid=292863]

It has since quietly assembled its next wave of projects.

Earlier this year Aqualand launched Boronia in Roseville, a boutique 111-apartment development on Larkin Street. The project is one of the first significant apartment developments to launch in the suburb ahead of what is expected to become one of Sydney's most active new housing precincts under the NSW Government's Low and Mid-Rise Housing reforms, which allow greater density around train stations.

[smartcode_project:default project_id=152095 project_image_fid=373685]

The developer has also lodged plans for a two-tower, 413-apartment development on Herbert Street in nearby St Leonards, further strengthening its presence across the Lower North Shore.

Beyond that, Aqualand remains behind the final stage of Barangaroo, where plans will deliver a five-hectare mixed-use precinct comprising new homes, retail, hospitality and community facilities, alongside a new Metro entrance and more than two hectares of public open space, completing the Barangaroo precinct.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/central-barangaroo-development-takes-big-step-with-concept-proposal-approval">Central Barangaroo development takes big step with concept proposal approval</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-aqualand-joins-st-leonards-apartment-party">First look: Aqualand joins St Leonards apartment party</a> 
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First look: Aqualand pushes ahead with Chatswood apartment tower as SSDA lodged for Archer Street

Mass timber is becoming an increasingly popular construction material in apartment developments, but Adelaide developer <a href="https://www.apartments.com.au/developers/otello">Otello</a> is taking the approach a step further.

At its new <a href="https://www.apartments.com.au/new-apartments/flowe-bowden-18-gibson-street-bowden-sa-5007">Flowe Bowden</a> development, the exposed cross-laminated timber (CLT) structure isn't just about reducing the building's environmental footprint. It also forms the foundation of a broader wellness strategy, influencing everything from indoor air quality and natural materials to the way residents move through and experience the building.

The 115-apartment mixed-use development, designed by Melbourne-based architecture practice Fieldwork, will occupy a prominent island site opposite Bowden Village Reserve, combining one, two and three-bedroom apartments with retail and a dedicated wellness destination.

[smartcode_project:default project_id=152022 project_image_fid=375528]

Wellness isn't confined to a gym or shared resident facility at Flowe. Instead, Fieldwork embedded the concept into the building itself.

The development has been split into two residential wings connected by a naturally ventilated central breezeway, replacing traditional enclosed corridors with open-air walkways that improve natural light, encourage cross ventilation and create more opportunities for neighbourly interaction.

"Rather than treating wellness as something that only happens on the ground floor, our response integrates it throughout the building, which led us to ask what it really means to design a healthy building," Fieldwork Director Quino Holland said.

[smartcode_project:default project_id=152022 project_image_fid=375531]

The building's architecture also reflects Bowden's industrial heritage. The lower podium references the area's historic brick and sandstone buildings, while the upper levels transition to exposed CLT, allowing the timber structure to become a defining feature throughout the apartments and shared spaces.

The use of mass timber sits alongside a range of sustainability initiatives, including a fully electric, gas-free design, rooftop solar and a targeted 5 Star Green Star rating.

[smartcode_project:default project_id=152022 project_image_fid=375524]

Inside the residences, the focus remains on natural, durable materials. Blackbutt engineered timber flooring, exposed CLT ceilings, porcelain surfaces and warm timber joinery create a calming interior palette, while low-VOC finishes and responsibly sourced materials have been selected to improve indoor air quality.

Kitchens have been designed as the centrepiece of each apartment, featuring porcelain island benchtops, timber-look cabinetry and brushed steel tapware, with layouts that maximise natural light and ventilation.

[smartcode_project:default project_id=152022 project_image_fid=375530]

The more traditional interpretation of wellness comes in the form of Level Eleven, a two-storey wellness club spanning the ground floor, mezzanine and first floor.

The facility will include a gym, yoga and reformer Pilates studios, Finnish and infrared saunas, magnesium hot and cold plunge pools, and dedicated recovery spaces. Unlike many residential wellness facilities, Level Eleven will also operate commercially, allowing the broader Bowden community to access the venue while giving residents exclusive membership benefits.

The ground floor has also been designed around everyday living. A café overlooking Bowden Village Reserve will activate the street frontage, while a bike workshop with tool storage, co-working space and dog wash has been incorporated to support daily routines and encourage interaction between residents.

"Flowe brings together my two biggest passions, creating places and creating healthier lives," Otello founder Daniel Harris said.

"We wanted to create something Adelaide hasn't seen before, a genuinely healthy building, where the way you live is lifted without even trying."

Flowe is positioned directly opposite Bowden Village Reserve and within walking distance of Bowden Railway Station and the Adelaide Entertainment Centre, placing future residents just minutes from the Adelaide CBD while remaining connected to one of the city's most established urban renewal precincts.

[smartcode_project_cta:default project_id=152022]

Otello launches wellness-focused Flowe Bowden with Adelaide-first mass timber apartment design

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

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First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

Off-the-plan property explained: What is stamp duty?

Not all apartment amenities are immediately visible.

Swimming pools, gyms, rooftop terraces and residents' lounges have long featured on buyers' wishlists, but as the way Australians live has changed, so too have the features that make apartment living more convenient.

Increasingly, buyers are placing value on the practical aspects of day-to-day life. Fast internet, EV charging, secure bike storage, flexible workspaces and parcel management are becoming just as relevant as lifestyle amenities, reflecting changing habits and expectations.

Online shopping has been one of the biggest drivers of that shift.

Australians spent a record $82.6 billion shopping online in 2025, with almost one in every four retail dollars now spent digitally, making parcel deliveries a routine part of everyday life rather than an occasional convenience.

For apartment residents, however, receiving those deliveries isn't always straightforward.

Without someone home to accept a parcel, deliveries can be redirected to a nearby Post Office, left in building foyers or common areas, or require building management to temporarily store packages. As apartment living continues to grow across Australia's cities, parcel management has become an increasingly important consideration for both residents and developers.

Australia Post's Parcel Locker network is one response to that shift.

<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/KPZ9j5FRdsQ?si=Qztc1dNP3ZvEIUhb" title="YouTube video player" width="560"></iframe>

Rather than relying on home delivery, eligible parcels can be directed to a nominated Parcel Locker, where they're securely stored until collected. Once a parcel arrives, residents receive a notification through the AusPost app or SMS and can retrieve it using a one-time code or QR code at a time that suits them.

The network has expanded to more than 1,500 locations nationwide, with Parcel Lockers positioned at Post Offices, shopping centres, supermarkets, transport hubs and, increasingly, within or alongside residential developments.

That growing presence reflects a broader change in how apartment buildings are being planned.

Developers are increasingly considering the operational side of apartment living alongside traditional lifestyle amenities. Just as secure mailrooms, bicycle storage and EV charging have become more common inclusions, parcel management is emerging as another feature that supports everyday convenience.

It also helps preserve the arrival experience within a building. Carefully designed lobbies and communal spaces can quickly become cluttered when deliveries accumulate, while secure parcel solutions reduce the likelihood of missed deliveries or parcels being left unattended.

For buyers comparing apartments, these everyday details are becoming part of the decision-making process.

Location, floorplans and finishes remain fundamental, but the features that simplify daily life are carrying greater weight than they once did. As online shopping continues to shape consumer behaviour, secure parcel delivery is increasingly becoming another amenity worth looking for.

Parcel delivery is joining the apartment amenity checklist

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Real estate investment firm Fife Capital has bought a freestanding industrial property in Sydney's Ingleburn for $8.55 million in an off-market transaction through Savills.
The property at 6 Inglis Road comprises two warehouse /factories with ancillary office and amenities, concrete paved hard stand plus vacant land.
The site area is 35,600 sqm and the property has a gross leasable area (GLA) of 6,922 sqm plus additional awnings and 8,500 sqm of hard stand.
Savills Industrial senior executive Moshe Greengarten, who brokered the deal along with Ray Trimboli, said the property was sold on a yield of 7.4%.
Both buildings were fully leased and provided a rental income of nearly $635,020 per annum net, Greengarten added. 
Housam Yakzan of Savills Research said the industrial investment market is set to remain extremely strong.
“The volume of unsatisfied capital, especially from offshore, seeking investment opportunities in the office sector has resulted in investors seeking higher yielding alternative asset classes, this in turn has resulted in the industrial investment market remaining extremely strong.”
The property has direct access to both the M5 and M7 motorways and is on the Sydney, Canberra and Melbourne truck route.
Ingleburn is home to a range of large industrial users, including Toll, Linfox, DHL and CSR.
 
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prateek24-ezbwHMbNAk

Industrial investment property in Sydney's Ingleburn fetches $8.55 million

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Once again we see a fast backtrack by many commentators who predicted a strong easing of real estate prices for the March quarter of 2016.
Then again there are those (like myself) who predicted an about-turn in property prices which is precisely what has happened. For the last four years the December quarter has been the worst performing quarter which can be simply put down to human fatigue.
For those who read the property markets wrong they then seamlessly move to Plan B – the debt debate and yes, Australia’s housing market does have a $1.45 trillion debt blister.
This debate is then marinated with housing affordability, which I must admit has everyone confused given the apparent lack of care or interest. Sydney and Melbourne, and Brisbane to a lesser extent, are flooding the markets with new developments, although in the majority of instances these properties are sold direct to non – resident Australians, so how does that work?
Take Sydney for instance – in the 1980’s the average house price ratio to median yearly household income was 3.0. In 2005 this ratio increased in Sydney to 8.5 and in 2015 it climbed to a staggering 12.2. I can’t see this breaking the back of house prices but I do see plenty of trouble ahead for the Sydney apartment market which has approximately another 22,000 new apartments in the investment pipeline over the next 24 months.
This is the market that requires closer examination and should not be confused with the family house market as the two are distinctly opposite.
We also need to look under the bonnet of the Australian economy to see what is driving it more particularly GDP. Sydney is way ahead of the pack with a 23.3 percent share overall Sydney has outperformed the rest of Australia for the last three years. Next in GDP is Melbourne with 17.7 percent, then Brisbane at 9.6 percent, Perth at 9.5 percent and then Adelaide at 4.6 percent.
If you look at the Green Square development (currently under construction) located between Alexandria and Moore Park in South Sydney – this development will deliver 27,276 apartments so they would be hoping that 60 percent are going to owner occupiers, as if! It is more like 80 per cent to property investors this will send rents in that area spiraling down as there will be a market flood when they all hit the market seeking tenants.
Investor beware! Australia is currently locked in to its biggest apartment development boom ever seen and the big problem is that these developments are congested into the same post codes and are not spread, so a cold can quickly turn to pneumonia.
What scares me the most is that we can trace this boom starting back in December 2008 when the ratio of foreign buyers was moved from 50 percent of new developments to 100 per cent. This ignited property developers and respective state and territory governments to move over night without any analysis to high density.
Again without analysis these developments have been contained into developing areas – so what if the foreign buyers decide not to proceed as the vast majority of these developments are yet to be completed?
It will be property investor mayhem because it’s one big Ponzi scheme totally reliant on the good faith of foreign investors completing on their transactions. Melbourne has another 123,622 apartments in the pipeline and Sydney has 88,013 and there are plenty more on the way awaiting approval. In the case of New South Wales, Victoria and Queensland the state governments are only focused on millions and millions of dollars in stamp duty and land tax.
Sorry to tell you but nobody has a contingency plan should these new developments start to collapse, because if they do the prices will drop 30 per cent minimum overnight.
So whilst housing affordability is directly a responsibility of government I, like many, are not feeling comfortable at how they plan to make it more affordable. With Sydney and Melbourne building the lion’s share of apartments we should also note they are contributing 41 per cent of the Australia’s GDP.
This is precisely the conversation our elected politicians need to be having and this should have started years ago. We may be building an apartment revolution but just like the share market we could be looking at the biggest ‘shorting’ in the property market we have ever seen before too.
Very, very happy to be wrong on this.
<h5>MOSMAN – 2088</h5>
• Number of houses on the market this time last year – 72
• Number of houses on the market last week – 54
• Number of houses on the market this week – 48
• Number of apartments on the market this time last year – 61
• Number of apartments on the market last week – 42
• Number of apartments on the market this week – 45
<h5>CREMORNE – 2090</h5>
• Number of houses on the market this time last year – 6
• Number of houses on the market last week – 4
• Number of houses on the market this week – 6
• Number of apartments on the market this time last year – 17
• Number of apartments on the market last week – 28
• Number of apartments on the market this week – 28
<h5>NEUTRAL BAY – 2089</h5>
• Number of houses on the market this time last year – 15
• Number of houses on the market last week – 7
•Number of houses on the market this week – 6
• Number of apartments on the market this time last year– 36
• Number of apartments on the market last week – 26
*Number of apartments on the market this week – 25
 
ROBERT SIMEON is a director of <a href="https://www.rwm.com.au/" target="_blank" title="RWM" rel="nofollow">Richardson Wrench Mosman and Neutral Bay</a> and has been selling residential real estate in Sydney since 1985.  He has also been writing real estate blog <a href="https://www.rwm.com.au/news/" target="_blank" title="Virtual Realty News" rel="nofollow">Virtual Realty News</a> since 2000. 
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robertsimeon-hRNTwJyXkQ

Are we about to see our property investors short the market? Robert Simeon

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Dear Margaret,
I bought an investment property in 2010 and was rented for 3 years before my family moved in. We are still residing at the said property.
My question is: If I sell the property, will I pay capital gains tax? I have read that if you bought an investment property but lived in it within the first six years, you are exempted.
Can you please explain this further?
Thanks a lot.
Maria
 
Hi Maria,
Capital Gains tax is very misunderstood, and the 6- year exemption even more so.  Many think, as do you, that you can live in a property sometime in that first 6 years to stop capital gains tax from accruing.  Others believe that you only have to move into an investment property for a while before you sell it in order to render it free from capital gains tax.
The tax office is not about to  let you off that easily!  Here are some important basics to know about Capital Gains tax: 
1.       Your own home is capital gains tax free as long as you are living in it.
2.       If you move out of your family home and rent it out, you can have a capital gains tax exemption for up to 6 years from the day you move out.  The conditions for this are that you don’t have another property which becomes your principal place of residence (as you can only have one exemption at a time) and you either move back into it, or sell it within that six years. This might apply if you moved elsewhere and rented with the intention of moving back some day.
3.       If your absence is longer than the 6 years you will have only a partial exemption for the six years.
4.       A property bought for the purposes of earning an income accrues capital gains tax from the moment you buy it.
5.       If you move into the property and it becomes your principal place of residence, then you still have a pro-rated capital gains tax liability for the time that it was a rental.  The purchase price will be your cost base, and the gain will be established from the sale price, and then pro- rated for days rented/days not rented. There are a range of adjustments which can be made to these figures, but they are many and you should check with your accountant to find out what they are. 
Moving into a former investment property cannot wipe your capital gains tax obligations in any circumstance. Equally if you move out of a family home and buy another one to live in, you must decide which property you want your principal place of residence exemption on – the former home or the new home.  If it is the former home, the new home you live in will attract CGT.  There are additional rules, such as the 6 month overlap rule – but this is where it gets complex and where advice from an accountant is paramount.
 
Have a property question?         <a href="mailto:news@propertyobserver.com.au" target="_blank">Ask Margaret!</a>
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mlomas-KC9MUPZ6Ca

What's my capital gains tax on an investment property? Ask Margaret

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GUEST OBSERVERS
Is the rollout for Australia’s National Broadband Network (NBN) on track? Are we employing the right technology for the job? Will the NBN be fast enough to handle future demands?
The Senate Select Committee on the National Broadband Network recently asked five of Australia’s leading academic experts to give their views on the state of the NBN.
Here, each of the experts gives a summary of their views as they presented them to the Committee, raising concerns about the current technology and suggesting there might be ways to improve the NBN rollout using new approaches being adopted overseas.
David Glance, University of Western Australia
The Senate Committee was brought up-to-date with contemporary answers to these questions. It was given examples of companies and countries that thought fibre to the node (FTTN) was an adequate implementation strategy, but have since changed to a fibre to the premises (FTTP) approach.
In the US for example, AT&amp;T last year abandoned fibre to the node and has switched to deploying fibre to the premises because of the speed and capacity limitations, and because 1 Gigabit per second (1 Gbps) is the “new normal”.
AT&amp;T is also now certain that 25 Mbps will not be adequate for most people, and in fact, won’t be what most people actually want to deploy in their homes or businesses. Households are already consuming multiple simultaneous media streams at whatever definition their network will support. Business, especially in an online innovation-led economy, is increasingly coming to rely on the presence of ultra-fast broadband.
Costs and technologies that make up those costs have also changed. In Australia, since the decision was made to switch to a fibre to the node implementation of the NBN, costs of implementing other solutions, including Fibre to the Pavement (Sidewalk) have come down. Technology solutions like G.Fast allow short lengths of copper to be used to a home and still deliver 1 Gbps speed.
With technology, especially in the time frame of the construction of the NBN, the rationale for a particular approach will change. In the case of the NBN, most of the answers to the usual questions have indeed changed, and continuing with a fibre to the node approach no longer makes any sense.
Mark A. Gregory, RMIT University
The NBN is a nation building project that has been hijacked by politics. As a result, the obsolete fibre to the node technology is being rolled to a large number of Australians.
The government should accept the weight of international evidence and move back to fibre to the premises (FTTP). There is an urgent need for a 20 to 30 year life-cycle costing analysis to be completed to provide an engineering cost benefit justification for the NBN technologies to be used in the rollout.
There is a need for a broad panel to be formed that includes academics, industry, consumer representatives and government to discuss the future of the NBN beyond 2020.
It is time for Australia to adopt a “universal access” regime, where everyone can connect reliably to digital services, including health and education and other government services, at all times. This is especially for the socially and economically disadvantaged, including the homeless and itinerant, to be provided with the means to access digital services.
For this reason, nbn Co should rollout a national wholesale Wi-Fi network to facilitate companies and local government offering free Wi-Fi similar to what is happening now through Telstra Air.
 
Rod Tucker, University of Melbourne
Since the days of dial-up modems, there has been a relentless growth in demand for higher broadband speeds. But the 2014 Vertigan report underestimated Australia’s future broadband needs by a factor of ten. Vertigan supported the Coalition’s game-changing shift from fibre to the premises (FTTP) to fibre to the node (FTTN).
Since Vertigan, a lot has happened in the broadband world. For example, the major US telco AT&amp;T has switched from FTTN to FTTP, arguing that demand is growing for speeds that FTTN cannot deliver. And rollouts of FTTP are accelerating in many countries. Australia is rapidly being left behind.
All of this points in one direction: Australia’s FTTN network will be obsolete by the time it is rolled out and will not be able to deliver the speeds that will be needed in the future.
Unlike FTTP and other technologies such as fibre to the distribution point (FTTdP), FTTN will be expensive to upgrade and a future owner of the FTTN network may not bother. Every way you look at it, FTTN is a bad idea.
The notion FTTP is much more expensive than FTTN turns out to be incorrect. The cost of rolling out FTTN is often understated and the cost of rolling out FTTP is overstated. New lower-cost FTTP construction techniques and cost increases for FTTN have changed the equation.
While public attention has generally focused on the fixed network in urban areas, people in rural and remote areas will use NBN’s satellites. Qantas also plans to use nbn’s satellites to provide video entertainment on its flights, sapping bandwidth from people on the ground. A third satellite will alleviate this problem.
My advice to the Senate Select Committee on the NBN is that the FTTN rollout should be abandoned before it is too late, and replaced with FTTP.
Arthur Lowery, Monash University
I have been in telecommunications for over 35 years now, and co-founded VPIsystems, a company that develops software tools for optimising and rolling-out telecommunications systems using multiple technologies, such as national broadband connectivity.
The goal of the NBN is laudable: to provide decent connectivity to everybody in Australia. I’m interested, as a taxpayer, in how this can be done in a cost efficient manner. One of my points is that a rollout is a longish-term endeavour, and maybe it should provide long-term employment for its skilled-up workforce.
Thus, when designing the rollout, a staged approach should be used. Because civil engineering is a large part of the cost, it is prudent to defer decommissioning existing infrastructure close to dwellings (which can support &gt; 1 Gbit/s, as it is short and not shared), and concentrate on the real bottlenecks nearer the exchanges.
This means “fibre-to-the-fence” (G.fast). The fact that many period Australian homes are being rapidly replaced also makes FTTP question somewhat academic. Of course, once fibre is at the gate, it’s relatively easy extend to any building in the future, if needs be.
Thas Nirmalathas, University of Melbourne
The rapid proliferation of connected devices is transforming connectivity between people, places and things and creating a networked society. This presents many opportunities for citizens, businesses, and governments through the advancement and use of connectivity.
The NBN presents Australia with an opportunity to provide the critical infrastructure for the networked society. It remains the essential launch pad for transformation of key industry sectors, for a data-driven economy, and for delivering greater social equity across the Australian society.
Global rankings of internet connectivity and speed show that Australia needs to improve its standing or risk being left behind by the current wave of innovation. Australia falls short particular on broadband subscriptions and faces a widening gap between peak and average speed of internet connections.
The NBN rollout provides an opportunity for Australia to increase bandwidth and capacity to support innovation. However, in order to meet growing demands to enable innovation the NBN rollout must improve.
The actual rollout rates is falling short of the original targets promised under the NBN. Despite a change in the technology mix and revised network architectural options recommended through the strategic reports, NBN deployment remains slow across both new and existing sites.
The NBN should plan for a third satellite without waiting for demand saturation. Machine-to-machine traffic arising from connected devices across many key sectors of relevance to regional Australia will demand cost-effective wireless access using satellite or other wireless alternatives such as those that could take advantage of optical fibre networks to provide improved wireless coverage and access.
David Glance, University of Western Australia; Arthur Lowery, Monash University; Mark A Gregory, RMIT University; Rod Tucker, University of Melbourne; Thas Ampalavanapillai Nirmalathas, University of Melbourne.
All are authors for <a href="https://theconversation.com/au" target="_blank">The Conversation</a>.
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jchancellor-FAypfDUnLy

Property 101: The state of the NBN

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Sydney passed its super Saturday auction test with flying colours, although there were some hits and misses.
Despite the spike in pre-Easter stock, vendors again secured a 70 percent plus success rate from the bumper near-900 listings.
Prices ranged from $380,000 at Yagoona to $5.71 million for a seven bedroom house at Strathfield.
The two bedroom Yagoona flat had four bidders, with the buyer "in two minds" as to move in or rent it out after a renovation, its Ray White selling agent Paul Chidiac said.
The Auburn Road flat last sold at $130,000 in 1992.
<a href="/images/2016/03/21/Screen%20Shot%202016-03-21%20at%209.23.21%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/03/21/Screen%20Shot%202016-03-21%20at%209.23.21%20AM.png" alt="">
Volumes are at around 20 percent less than last autumn, which is helping maintain the strong clearance rates.
Around $500 worth of property sold yesterday, compared to the $750 million on the busier pre-Easter weekend last year when the clearance rate was in the mid-80s.
But even the affordable stock doesn't always sell with a $450,000 top bid unsuccessful in securing a Chipping Norton flat.
Before auction sales included a bullish $4,722,000 pre-auction sale at Castlecrag, secured 10 days ago.
"We had a dutch auction occur, so we took the price on offer," its McGrath selling agent Peter Starr said.
There was a pre-auction $5.1 million result yesterday in Clovelly when well ahead of its April 9 auction, Alexander Phillips at Phillips Pantzer Donnelly secured a sale on near-oceanfront Eastbourne Avenue.
However Killara's top offering - an art deco 1930s Killara home with $5.5 million hopes - was pulled from auction, despite the fillip in the suburb mid-week with an upper north shore $12 million record sale.
It was last on offer 29 years ago.
Mosman was the busiest auction suburb, with around 20 offerings in the pre-Easter countdown, according to CoreLogic RP Data.
The burden triggered one Mosman auction to have no registered bidders.
At Rossmore there were 16 registered parties, but only three competed when a five ha two house property sold for $4.51 million through United Acreage Property Marketing.
Auctioneer Damien Cooley reported an 80 percent plus success rate, as the average number of registered bidders sat at four and rising.
Damien Cooley at Cooley Auctions said the bidding numbers were up on the three during December, but still below the five in early last year.
Cremorne, which was recently pinpointed in realestate.com.au’s top sellers’ unit market report, secured the sale of two of its three offerings. 
This article was first published in the Sunday Telegraph.
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Super Saturday success, but cracks emerge in outer Sydney

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Footballers were busy with their property plays across Melbourne amid the bumper pre-Easter weekend auctions, while Sydney had mix of football, horse racing and similiarly strong auction success. 
Western Bulldogs captain Bob Murphy secured $1.71 million when <a href="https://www.domain.com.au/32-newry-street-carlton-north-vic-3054-2012622040" target="_blank">32 Newry Street, Carlton North</a> (above) sold through Hockingstuart. There had been a $1.4 million plus price range pre-auction on the two storey three bedroom, townhouse that was announced on the market at $1.54 million. It last sold at $1,015,000 in late 2007 when offloaded by then Essendon footballer Scott Camporeale.
Collingwood star Travis Cloke and his fiancee, Rebeccah Panozza sold two days before their scheduled weekend auction, accepting an offer of almost $3.1 million for the fully renovated, triple-storey Kew home, and almost simultanously buying a contemporary home on an eight ha rural property at Kangaroo Ground. The Pies forward had paid $2.5 million in 2013.
The former North Melbourne, turned Essendon recruit Nathan Grima’s Ascot Vale home fetched $1.73 million, some $100,000 over reserve. The four bedroom property at <a href="https://www.domain.com.au/204-the-parade-ascot-vale-vic-3032-2012612873" target="_blank">204 The Parade</a> had been renovated since bought for $735,000 in 2011. Grima and his wife Jacinta renovated and ­extended the property over 12 months and added a solar-heated pool.
<a href="/images/2016/03/21/Screen%20Shot%202016-03-21%20at%208.57.11%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/03/21/Screen%20Shot%202016-03-21%20at%208.57.11%20AM.png" alt="">
Richmond midfielder Bachar Houli had his three bedroom Altona North property at 1/9 First Avenue listed with $470,000-plus and secured $562,500 on the last AFL-free weekend before the formal season starts on Thursday night in the Carlton-Tigers game. Houli subdivided the block and also has the second home set for private treaty sale.
But A-League footballer, the Socceroo and Melbourne City defender Ivan Franjic failed to score with his Greenvale auction listing. Franjic, who played in his teenage years for the Melbourne Knights and St Albans Saints, placed a $1 million vendor bid when <a href="https://www.realestate.com.au/property-house-vic-greenvale-121966854" target="_blank">18 Casablanca Court </a>went to auction amid Melbourne's 1780 super Saturday stock.
Set across 2000 square metres, Franjic's four bedroom home with a four-car garage, tennis court and pool has been given a $1.1 million asking price through Nelson Alexander agent Stefan Stella.
Even Channel 9 and 3MMM sports reporter Seb Costello was among the mix with The Age reporting <a href="https://www.domain.com.au/2-colvin-grove-hawthorn-vic-3122-2012622009" target="_blank">2 Colvin Grove, Hawthorn</a> was almost knocked down to Costello, who had his mother, Tanya, rather than father, Peter, by his side at the auction of the 1890s cottage on a 215 sqm block. It sold at $1,077,000, just $500 above Seb Costello’s top offer. It last traded at $330,000 in 1999 when his dad, the Federal Treasurer Peter Costello introduced the capital gains tax discount. 
"I had a punt, but there was someone who was prepared to pay more than it was worth.....Mum came along, dad was overseas," Seb told 3MMM.
Melbourne's 1,784 auctions was the highest level since late November last year.
But the clearance rate rose to 72 percent, up from 68 percent last week when just 420 residential auctions were held given the long weekend break, according to CoreLogic RP Data.
Across Melbourne’s sub-regions, the inner region was the best on ground at 78 percent success followed by the North East with 74 percent and the inner east at 74.5 percent.
Melbourne’s inner region was also the busiest auction market with 390 auctions.
The priciest Sydney offering - with $7.6 million plus hopes at Rose Bay - was not among the city's overall 75 percent clearance rate.
There were four registered buyers, but no bids when <a href="https://www.realestate.com.au/property-house-nsw-rose+bay-122002654" target="_blank">Lynton, the vacated 27 Kent Road trophy home</a> of the horse owner and breeder Frank Tagg had Lynton, went to auction yesterday.
The unrenovated yet grand 1912 Edwardian home was bought in 2007 for $8 million by Tagg, who made his name as a former Western Suburbs first-grade footballer.
The more recently retired Roosters footballer Braith Anasta missed out when a coastal Sydney apartment was sold by the film director, Dame Jane Campion.
She certainly scored when five of the 10 registered bidders competed for the Tamarama offering, selling her 241 sqm investment property for $2.55 million through Bethwyn Richards of McGrath. 
The recenty separated Braith Anasta attended the auction, with his mother, Kim who recently sold her home. They were the underbidders at $2,545,000 for the two level apartment bought by the film director in $1.2 million in 2001.
The busiest and most successful regions were North Sydney and Hornsby, both at 84 percent.
There was a low of 46 percent clearance rate in the South West.
One year ago, Sydney’s overall clearance rate was substantially stronger at 84 percent.
Brisbane auction volumes rose to their highest levels since 2014 with 280 held across the city, the second highest volume of auctions for the city on record.
Preliminary results show that auction clearance rates rose week-on-week, from 38 per cent the previous week to 55 percent.
A total of 144 Adelaide auctions with a 68 percent success rate.
It was 45 percent in Perth and the 76 percent in Canberra, was the nation's best result.
Prices ranged from $180,000 at Albion in Melbourne to $5.71 million for a seven bedroom house at Strathfield in Sydney.
The two bedroom 2/25 Ridley Street 1960s apartment price through Barry Plant Sunshine was just $10,000 up on its 2007 sale.
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Footballers star in Super Saturday auction success

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Prime Minister Malcolm Turnbull has promoted the benefits of a “30-minute city” in explaining his approach to cities and urban transport.
The opposition infrastructure spokesman, Anthony Albanese, notes he talked about this idea at the National Press Club in 2014.
The reality is that the 30-minute city is hardly a new idea in town planning, but it is good to see political leaders recognising its value and grappling with what it means. It’s likely to bring significant change to how we build our cities.
<h2>The urban time travel budget</h2>
People across the world, in every city and in all historical cities, have an average travel time budget of one hour – around 30 minutes in the morning and 30 minutes in the evening. The historic walking city spread out only 2-4km across, the tram city about 10km and the steam train city about 20km, before the car city went 40-50km out. All were 30-minute cities.
Some people choose to live where they can have a much lower travel time and some choose much longer, especially in far outer suburbs. But the average is around 30 minutes for the journey to work.
Only when a city is becoming dysfunctional does the average start to blow out. Data shows this in Sydney outer areas in recent decades. When this happens people demand faster transit options. The real estate market trend is for people to move into areas where they can reduce travel times.
The 30-minute city concept has become very useful for town planning as it helps plan more strategically for where development should happen or not happen.
Although history suggests there is a strong market for living within the 30-minute city, the politics of land development usually interferes. Land owners on the urban fringe will always be looking to make squillions out of rezoning their land for suburbs rather than rural purposes. And there are always people who are ready to stop any density increases in their neighbourhood as the redevelopment market requires.
Why it is very important to see bipartisan support for the 30-minute city is that Sydney, Melbourne, Brisbane and Perth are already way out of kilter with this goal. Any city that has sprawled more than 50km will be unable to keep those suburbs within a 30-minute travel time budget – traffic congestion keeps average speeds in most cities below 40km/h. The average morning and evening commute in these four big cities is now more than 30 minutes.
All the strategic plans of these cities are therefore suggesting that redevelopment must be increased and assisted. Infrastructure can help density. As Turnbull says: If you invest in good transport infrastructure, then density gives greater amenity because there are more things to do, you’re closer to work, you’re closer to university.
The Tony Abbott era presented cities with very large road projects that would just increase urban sprawl. These projects ultimately would not have reduced travel times as they would not help create redevelopment.
So how do we help our cities achieve 30-minute travel times?
<h2>The urban package</h2>
Turnbull often refers to three factors that are emerging as the government’s urban package: urban rail, urban density and urban land value capture. These are the approaches that can be seen in cities globally.
1) Urban rail
Several speeches have indicated the Turnbull government is agnostic about the modes of transport it favours. Turnbull has said:
Coalition governments have been very reluctant to fund rail, support rail, (they) prefer to support road. My government will support transport infrastructure regardless of its mode. It depends on what makes most sense. And the reality is it will be a mixture of both (road and rail).
What is left of the road package from the Abbott government is being supported. Rural communities will put up their hands for more roads. But Turnbull’s overwhelming message (his consistent personal stance for decades) is that he likes new urban rail systems. He wants a fast rail link to Sydney’s second airport when it opens.
Before he was prime minister, Turnbull said the Gold Coast Light Rail was his favourite in the world. There was not much doubt he would fund its small extension for the Commonwealth Games. Most significantly, it showed urban rail was back on the federal agenda.
Cities across the country have thus been gearing up to put urban rail back into their priority plans. This is not just an Australian phenomenon; cities worldwide are finding new rail technology helps them create 30-minute cities.
2) Urban density
Turnbull has stressed that rail projects enable density in activity centres across the city. He understands how infrastructure is needed for “an integrated investment that creates amenity, value, liveability, affordability and economic growth" and that “communities need smart, well-designed, walkable density”.
In other words, cities need infrastructure and redevelopment that create activity centres where people can live and work within 30 minutes by foot, cycle, bus, car or train/tram. This is the agenda for all our big cities. It has been a big agenda for all state governments in the past decade: the need for strong urban centres that can compete with other global cities for private capital and jobs.
“Walkable density” … I think we will hear that many more times. So how do we achieve that?
3) Urban land value capture
We need to find ways to fund urban rail and urban activity centres together. We need transit-oriented development, but so often we get transit without the land development, or density without the transit.
The secret seems to be combining government and business to do both as one package. The private sector is necessary – after all, it does the land development in cities – but the approach globally is now to seek ways to have the private sector build both the land development and the transit.
The new mantra is to fund the integrated agenda through urban land value capture. This makes use of the fact that when urban rail is built it increases land value around stations.
This agenda has yet to be fully explained. As NSW Opposition Leader Luke Foley said:
Our governments need to spell out what … [they] are doing when they talk about value capture. Walk into any pet store in the nation and the resident budgerigar is squawking on about value capture.
<h2>Transforming how cities develop</h2>
The CUSP Entrepreneur Rail Model explains the concept and takes it further. It redefines the core players away from transport planners and suggests land-development expertise should lead the exercise of rail building.
This offers a focused approach for urban areas ripe for intensification. The model shows how governments can best capture the value created from higher densities around new rail stations in direct partnership with the rail builders.
Private land development expertise is needed to recognise where the potential exists for significant accessibility-based land value increase. Private bids can therefore create opportunities to directly fund the railway. If governments can’t enable this process, then you don’t get the rail or the land development – they depend on each other.
The House of Representatives Standing Committee on Infrastructure Transport and Cities has been taking submissions on:
The role of transport connectivity in stimulating infrastructure and economic activity.
Our submission on the Entrepreneur Rail Model prompted two hours of questioning. One questioner said:
Your paper is about the reconceptualisation of the role of government agencies.
He is right.
The committee’s questions left little doubt that there is a mood for change in how we build our cities. As Torkel Patterson, from Central Japan Railways Company, said at a recent Sydney rail conference:
It’s not transportation, it’s transformation that we need.
There is serious debate across Australia about this. Most state governments have little room for more capital spending and are under pressure to provide urban rail.
But the approach that provides money for transport projects at will – treating Treasury like an ATM, as Turnbull says – and isn’t integrated with the 30-minute city redevelopment agenda, is not what we need in our cities.
If cities want help with urban rail, they will need the private sector to provide much of the funding, with outcomes that create the 30-minute centres we desperately need. They can do this only if the states develop a mechanism that enables redevelopment opportunities, their activity centres, to be the basis of integrated rail and land development. This is not what states have been doing. They must begin now.
If the 30-minute city goal can indeed guide urban rail investment, then we can unlock the necessary dense activity centres. This is the holy grail of town planning. Such a model is used in Japan, so can we make an Australian model work?
Our leaders' speeches on the 30-minute city should be a signal for intense activity by federal, state and local government agencies as well as private sector firms. Government processes and consortia will need to gear up to deliver this emerging agenda.
Peter Newman is professor of Sustainability, Curtin University and author for The Conversation. He can be contacted <a href="https://theconversation.com/profiles/peter-newman-1858" target="_blank">here.</a>
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 ‘The 30-minute city’: how do we put the political rhetoric into practice?

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ASIC has accepted an enforceable undertaking (EU) from Barakah Properties Pty Ltd (Barakah) arising from ASIC's concerns as to how the company raised money to build a school in Melbourne.
Since 2009 Barakah has raised money from the local community for investment in the Al Siraat College, an Islamic school in Epping, Victoria.
In December 2015, ASIC made enquiries regarding the company’s fundraising, its structure, and the nature of the information that it had provided to potential investors.
ASIC’s enquires indicated, among other things, that:
<ul>
<li>Barakah had obtained funds without providing investors with the necessary disclosure, and had exceeded the maximum number of shareholders for a private company.</li>
<li>The company’s representatives had made recommendations to potential investors that may have amounted to providing financial advice without a license to give that advice.</li>
<li>The company had bought back its own shares without following the necessary share buy-back procedures.</li>
</ul>
After ASIC raised these concerns with Barakah, the company offered, and ASIC accepted, an EU in which Barakah agreed:
<ul>
<li>not to offer securities without providing the necessary disclosure to potential investors.</li>
<li>not to purchase its own shares without following the correct procedures</li>
<li>to remove from its website any advertising of securities that required disclosure to investors</li>
<li>that it and/or its representatives would not provide financial advice in the future without first obtaining a licence or authorisation.</li>
<li>to take the necessary steps to convert from a private company to a public one</li>
<li>write to all current investors alerting them to the EU and its terms.</li>
</ul>
'Companies seeking to raise funds from the public must comply with the disclosure provisions of the Corporations Act,' ASIC Commissioner John Price said.  'For certain types of companies there are required procedures and information that must be disclosed under the law. Also, If you have any doubts you should obtain appropriate legal guidance. The EU with Barakah shows what can happen if companies do not adhere to these requirements.'
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ASIC accepts enforceable undertaking from Barakah Properties Pty Ltd

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 A freehold that is home to popular Gold Coast nightclub Sin City has been sold by Ray White Commercial Gold Coast for $5.2 million.
The building, rented by Sin City, at 57/22 Orchid Avenue, Surfers Paradise, was sold post auction to a Melbourne-based investor.
The deal was brokered by Michael Willems of Ray White Commercial on behalf of Gold Coast night club kingpin Jamie Pickering. 
"The premises have been used as a nightclub since 1980 and Sin City has leased the property for the last 12 years. It is the busiest nightclub in the heart of the Surfers Paradise tourist strip," Willems said.
The building returns a net rental income of about $568,700 per annum.
“Sin City’s owners recently secured a new 10 year lease on the building with two five year options,” he added.
In January, Pickering told the Gold Coast Bulletin the sale was to help pay for a $50 million land development. “Need the money for development of Mackay, a 425-lot ocean frontage overlooking the gateway to the Whitsundays.” 
Willems said the building offered a net lettable area of 580 sqm and the site offered potential redevelopment opportunities subject to council approval.
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Sin City building in Surfers Paradise fetches $5.2 million    

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Wittner Shoes has agreed terms on a new lease in Melbourne’s CBD in an off-market deal. 
The 105-square metre retail space is located on the corner of Little Collins Street and Howey Place, well known for haute couture and hip culture.
Wittner Shoes has signed a lease for a five-year term, with options, at a rental of circa $4000 a square metre per annum net.
Savills Australia’s Michael Di Carlo, who brokered the deal with Jock Thomson, said, "Melbourne is Wittner’s town -- it opened its first store here Melbourne in 1912 and now has 75 stores nationally -- and it required space which both reflected its business prominence and of course that offered maximum retail exposure."
The tenancy, previously leased to Maggie T and Oroton, had been combined to provide Wittner more space.
Wittner would begin fitting out the store soon with a view to opening in the next few weeks.
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