<p>Buyers considering a residence at boutique Gordon townhouse development <a href="https://www.apartments.com.au/new-townhouses/lume-gordon-43-47-dumaresq-street-gordon-nsw-2072">Lume</a>&nbsp;now have another reason to bring forward their decision.</p>

<p>For a limited time, purchasers of a residence at Lume will receive a BMW iX3 50 electric SUV, valued at more than $120,000, as part of their purchase. The offer is designed to add value for buyers while complementing the lifestyle envisioned for the architecturally designed Upper North Shore development.</p>

<p>Scott Timmins, Development Manager at <a href="https://www.apartments.com.au/developers/winim">WINIM</a>, said the partnership was created to provide buyers with a compelling reason to act.</p>

<p>"In today's market, buyers need a compelling reason to act now, and the BMW partnership was designed to create that catalyst. We wanted to add genuine value for our future purchasers. Choosing the all-electric BMW iX3 50 also reflects the values behind LUME, forward-thinking design, innovation and a more sustainable way of living. It's a premium incentive that complements the lifestyle our buyers aspire to and rewards those who commit early."</p>

<p>[smartcode_project:default project_id=7354 project_image_fid=374893]</p>

<p>Delivered by WINIM in partnership with Burtonwood Investment Partners, Lume comprises 14 architecturally designed two, three and four-bedroom townhomes created for families seeking the space of a freestanding house with the ease of modern, low-maintenance living.</p>

<p>The three-storey residences, designed by award-winning architecture practice <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, have been tailored for families and multi-generational living, featuring private internal lifts, flexible lower-level spaces, generous open-plan living and entertaining areas, media rooms, and landscaped outdoor spaces with custom outdoor kitchens.&nbsp;</p>

<p>Inside, engineered oak flooring, bespoke dining joinery with integrated wine fridges and backlit bars, sculptural porcelain bathrooms, Parisi freestanding baths and Astra Walker tapware create interiors that balance functionality with refined finishes.</p>

<p>Each townhome has been designed to combine generous internal spaces with sustainability initiatives such as EV charging infrastructure, while <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>'s landscaped communal areas, centred around a restored creek line and native planting, encourage residents to connect with nature and spend more time outdoors.</p>

<p>[smartcode_project:default project_id=7354 project_image_fid=269527]</p>

<p>Rothelowman's Gary Tsui said the architecture was conceived to respond carefully to its Upper North Shore setting.</p>

<p>"Our vision was to create elegant, uplifting homes that draw on and positively contribute to the local character through meticulously considered design and an interaction with the surroundings."</p>

<p>The communal landscape has been designed as more than an open space between homes. Arcadia's Ben Newell and Kate Phillips said the adjoining reserve provided an opportunity to create a distinctive natural retreat for residents.</p>

<p>"Just as waterways carve their way through Ku-ring-gai's landscape, a raised boardwalk weaves through the reserve, connecting the homes to this tranquil oasis."</p>

<p>[smartcode_project:default project_id=7354 project_image_fid=374892]</p>

<p>Located just 300 metres from <a href="https://www.apartments.com.au/developments/gordon-nsw-2072">Gordon</a> Village and Gordon railway station, Lume offers convenient access to Sydney's CBD while placing residents close to some of the North Shore's leading schools, including Ravenswood, Pymble Ladies' College and Knox Grammar. Lane Cove National Park, Gordon Golf Club and a range of cafés and restaurants further reinforce the family-focused lifestyle on offer, with the BMW iX3 50 complementing everything from local trips around Gordon to weekend drives and city commutes.</p>

<p>Construction is underway with completion expected in mid-2027.</p>

<p>[smartcode_project_cta:default project_id=7354]</p>


Joel Robinson

Boutique Gordon townhomes now come with a BMW iX3 50

<p>Two apartments have sold for more than $10 million at EADE Byron Bay, setting some of the highest apartment prices ever achieved in the coastal town and underlining the growing appetite for luxury beachfront apartments in Australia's most popular coastal locations.</p>

<p>The $210 million project by Vitale Property Group has now secured more than $70 million in sales, led by residences that changed hands for $12.75 million and $11.75 million.</p>

<p>The record-breaking transactions reinforce the shift occurring in Byron Bay's premium property market, where affluent downsizers and lifestyle buyers are increasingly opting for high-end apartments over large beachfront homes.</p>

<p><a href="https://www.apartments.com.au/new-apartments/eade-byron-bay-29-shirley-street-byron-bay-nsw-2481">EADE Byron Bay</a> occupies a rare 6,000 sqm absolute beachfront site on the corner of Shirley and Milton Streets overlooking Main Beach and The Wreck surf break, just 350 metres from Byron Bay's town centre.</p>

<p>The 25-residence development is the first beachfront apartment project approved in Byron Bay in more than a decade and is currently under construction, with completion expected in May 2027.</p>

<p>[smartcode_project:default project_id=145590 project_image_fid=359521]</p>

<p>The project has attracted a mix of local Byron Shire residents downsizing from larger homes, alongside interstate buyers from Sydney, Melbourne and Brisbane seeking a permanent coastal lifestyle without compromising on space.</p>

<p>Designed by <a href="https://www.apartments.com.au/architects/hayball">Hayball</a> and with interiors by <a href="https://www.apartments.com.au/interior-designers/alexander-co">Alexander &amp; Co</a>, EADE comprises&nbsp;10 garden apartments ranging from 284 sqm to 622 sqm, nine with private pools, five full-floor apartments and 10 rooftop residences with private plunge pools, expansive outdoor entertaining areas and uninterrupted ocean views.</p>

<p>[smartcode_project:default project_id=145590 project_image_fid=359527]</p>

<p><a href="https://www.apartments.com.au/developers/vitale-property-group">Vitale Property Group</a> Managing Partner Chris Vitale said the project's combination of scale, location and limited future supply was driving buyer demand.</p>

<p>"There isn't another beachfront holding in Byron Bay of this size and position that could be developed again," Vitale said.</p>

<p>"Buyers are responding to the scarcity and the irreplaceability of a site of this calibre and to floorplans they can't find elsewhere in the market.</p>

<p>"We are seeing buyers place significant value on quality, space, design, resort-style amenities and the rarity of the location. The sales achieved to date demonstrate that discerning purchasers recognise the long-term significance of what is being created at EADE Byron Bay.</p>

<p>"Many are coming from larger homes in the Byron region, or from Sydney, Melbourne and Brisbane, and are after the space, security and convenience, without the upkeep of a house."</p>

<p>&nbsp;</p>

<p>[smartcode_project:default project_id=145590 project_image_fid=359523]</p>

<p>The Byron Bay project follows Vitale Property Group's delivery of the Mondrian Hotel and Private Residences at Burleigh Heads, with EADE continuing the developer's focus on luxury coastal developments.</p>

<p>Residents will have access to a resort-style swimming pool, gymnasium, sauna, cold plunge pool, concierge services and dedicated workspaces, while the project is targeting an 8-Star Green Star rating.</p>

<p>EADE Byron Bay is being exclusively marketed by Projx Australia in conjunction with WHITEFOX Projects.</p>

<p>WHITEFOX National Projects Director Phillip Rand said demand had been driven predominantly by owner-occupiers.</p>

<p>"We are seeing buyers at EADE place significant value on quality, space, design, resort-style amenities and the rarity of this location," Rand says.</p>

<p>"The sales achieved to date demonstrate that purchasers at this level recognise the long-term significance of what is being created at EADE Byron Bay."</p>

<p>Residences at EADE Byron Bay are currently priced between $4.75 million and $15.95 million.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>[smartcode_project_cta:default project_id=145590]</p>


Vitale breaks Byron Bay records with EADE sales flurry 

<p>When buying an apartment, most people compare the big-ticket items first. Floorplans. Kitchens. Balcony size. Natural light. The view.</p>

<p>But there's one everyday consideration that often doesn't come up until after moving in: how parcels are delivered.</p>

<p>As online shopping has become part of everyday life, parcel deliveries have shifted from an occasional event to a regular occurrence. Australians spent a record $82.6 billion shopping online in 2025, with almost one in every four retail dollars now spent digitally.</p>

<p>For apartment residents, that can present a challenge.</p>

<p>If nobody is home to accept a delivery, parcels may be redirected to a nearby Post Office, left in a building lobby or common area, or require building management to step in. In higher-density buildings, where dozens or even hundreds of residents may receive deliveries each day, parcel management has become an increasingly important part of everyday living.</p>

<p>That can create a range of frustrations. A missed delivery often means making time to collect a parcel elsewhere, while packages left unattended in foyers or mail areas can create clutter and increase the risk of theft. What seems like a minor inconvenience can quickly become a recurring issue for residents who shop online regularly.</p>

<p>It's one of those details that rarely features in a display suite but can have a noticeable impact once residents move in.</p>

<p>As a result, buyers are beginning to look beyond traditional apartment features and consider how a building supports day-to-day convenience, including whether there are secure options for receiving deliveries.</p>

<p>Australia Post's Parcel Lockers provide one solution.</p>

<p><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/CkF2oKmlACg?si=C50sDaoUUn2nuLmq" title="YouTube video player" width="560"></iframe></p>

<p>Rather than having a parcel delivered directly to an apartment, eligible deliveries can be sent to a nominated Parcel Locker. Once the parcel arrives, residents receive a notification through the AusPost app or SMS and can collect it using a QR code or one-time PIN at a time that suits them.</p>

<p>The Parcel Locker network now includes more than 1,500 locations nationwide, with installations at Post Offices, shopping centres, transport hubs and an increasing number of residential developments. By providing a secure collection point, Parcel Lockers help reduce missed deliveries and avoid parcels being left unattended in common areas.</p>

<p>For developers, parcel infrastructure is becoming another way to improve the resident experience. Rather than relying on concierge staff or leaving parcels in communal spaces, secure collection points help streamline deliveries while preserving the presentation and functionality of shared areas.</p>

<p>For buyers, it's a reminder that the best apartment features aren't always the most obvious.</p>

<p>A generous floorplan or quality finishes might help narrow the shortlist, but the conveniences that simplify everyday life, whether that's EV charging, secure bike storage or reliable parcel delivery, often become the features residents appreciate most once they're living there.</p>


The apartment feature many buyers don't think about, until their first missed delivery

<p><a href="https://www.apartments.com.au/developers/hg-developments">HG Developments</a> is doubling down on Maud Street in Newstead, filing plans for a new apartment tower just a few doors down from its under-construction Aire Newstead development.</p>

<p>Recently submitted to Brisbane City Council, the proposal is for an 18-storey building designed by bureau^proberts, which has drawn heavily on Brisbane's subtropical design principles while referencing the suburb's industrial heritage.</p>

<p>A total of 64 apartments are planned for the amalgamated 1,518 sqm site at <a href="https://www.apartments.com.au/new-apartments/17-21-maud-street-newstead-qld-4006">17–21 Maud Street</a>, a short walk from the Brisbane River and Newstead Riverwalk.</p>

<p><img alt="First look: HG Developments plans 18-storey subtropical apartment tower for Newstead" data-entity-type="file" data-entity-uuid="a400c7fd-bd15-48f8-a63b-10ede92efe00" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Maud%20st%20bldg.png?VersionId=.0vPmjpbC7CNP7kqGWa6L7rGIwsNExaw" /></p>

<p>"The building is defined by a series of vaulted motifs that reinterpret the arches, colonnades and layered facades evident throughout Newstead's historic built fabric," the Urban Design Report states.</p>

<p>"Combined with recessed glazing and generous balconies, these elements create a layered building envelope that provides shade, weather protection and opportunities for natural ventilation whilst establishing a distinctive architectural identity."</p>

<p>The proposal comprises 64 two, three and four-bedroom apartments across 18 residential levels, positioning it alongside a growing number of taller residential projects transforming Newstead's northern precinct. The tower incorporates extensive subtropical landscaping, with cascading planter boxes, deep planting at street level and a landscaped rooftop recreation area.</p>

<p><img alt="First look: HG Developments plans 18-storey subtropical apartment tower for Newstead" data-entity-type="file" data-entity-uuid="1d8140f4-8b98-45cd-b1b8-1efe8c8e266b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Maud%20st%20podium.png?VersionId=VAZtbCoD44YCJ57N99fQCAKeSJx7ldZs" /></p>

<p>Bureau Proberts has prioritised passive environmental design throughout the project, with generous balconies, recessed glazing and operable façades helping reduce solar heat gain while maximising natural ventilation. River views become available from the upper levels, while the building has been orientated to capture prevailing breezes from both the Brisbane River and the west.</p>

<p>The architects say landscape is intended to be integral to the building rather than an applied element.</p>

<p>"Vertical greenery, cascading planter boxes and elevated gardens are woven throughout the architecture, softening the built form and strengthening the connection between residents and the subtropical environment."</p>

<p>"Through the integration of landscape, high-quality materials and passive design principles, the development delivers a refined residential address that celebrates Newstead's heritage character while contributing positively to Brisbane's evolving subtropical identity."</p>

<p>Newstead has remained one of Brisbane's most active apartment markets in recent years, with a number of developers continuing to back the inner-city suburb.</p>

<p>HG Developments is currently delivering the 40-apartment Aire Newstead at 25 Maud Street. Fortis recently launched the 65-apartment <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a> on Kyabra Street, while builder-developer BPG and Don O'Rorke's Consolidated Properties are both expected to launch their respective Newstead projects before the end of the year.</p>


HG Developments doubles down in Newstead with second Maud Street apartment development

<p>Walk past a new apartment development promoting its sustainability credentials and it's easy to picture rooftop gardens, mature trees, landscaped courtyards and residents surrounded by nature.</p>

<p>But in many cases, that's not actually what those sustainability ratings guarantee.</p>

<p>Australia's leading environmental rating tools have played a significant role in improving the energy efficiency and environmental performance of buildings. Yet despite their focus on reducing emissions, many don't require developers to include trees, biodiversity or meaningful green space.</p>

<p>In other words, a building can achieve one of the country's highest sustainability ratings while containing little more than concrete, glass and hard landscaping.</p>

<p>That disconnect has led to the emergence of a new movement across Australia's property industry: nature-based cities.</p>

<p>The concept goes beyond designing buildings that consume less energy. Instead, it encourages developers to treat nature as essential infrastructure, integrating biodiversity, tree canopy, living landscapes and green spaces into projects from the earliest stages of planning.</p>

<p>Research has consistently linked access to nature with better physical and mental health, cooler neighbourhoods, improved biodiversity, stronger climate resilience and more connected communities. As Australia's cities continue to become denser, advocates say those outcomes should be considered just as important as energy efficiency.</p>

<p>Nature Based Cities (NBC) was established in 2022 to help accelerate that shift.</p>

<p>Founded by Hamton Executive Chairman Paul Hameister OAM, the not-for-profit was created after research highlighted a significant gap in Australia's sustainability framework. While existing environmental rating tools rewarded energy performance and emissions reductions, they placed little emphasis on the inclusion of living landscapes.</p>

<p>"We've always wanted to do more, and we know other developers who want to do more, but the ESD rating tools just aren't there," Hameister says.</p>

<p>"In Australia, you can have a five-green-star rated building that's concrete and glass with not a blade of grass.</p>

<p>"The focus is on reducing emissions, which is laudable, but there hasn't been enough attention paid to protecting and re-establishing nature. We need both for the health of the environment and for communities."</p>

<p>Since its launch, NBC has developed independent design guidelines and accreditation frameworks that encourage developers to prioritise ecology, biodiversity, tree canopy, walkability and living landscapes alongside traditional sustainability measures. The organisation first focused on medium and high-density residential developments before recently expanding into precinct-scale communities and masterplanned neighbourhoods.</p>

<p>Jan Talacko, founder of sustainability consultancy Ark Resources and a member of the Nature Based Cities Advisory Council, says the initiative addresses an area that has largely been overlooked by the property industry.</p>

<p>"Throughout my 25 years of working collaboratively with all stakeholders in the property sector, I've always favoured a pragmatic approach to sustainable design which encourages initiatives that not only meet environmental expectations but also improve amenity," Talacko says.</p>

<p>"Whilst we are making steady progress in relation to energy and carbon emissions from buildings, there has been much less emphasis on encouraging biodiversity and tackling the urban heat island effect.</p>

<p>"The Nature Based Cities initiative responds to a gap in the suite of tools currently used by the property development sector, which don't provide sufficient incentive, or recognition, for the integration of landscaping and greenery."</p>

<p>For apartment buyers, the shift is also changing the questions worth asking.</p>

<p>Rather than assuming a sustainable building will naturally include abundant green space, buyers are increasingly being encouraged to look beyond environmental ratings and ask what nature is actually being delivered. How much tree canopy will the development create? Has biodiversity been considered? Are landscaped spaces designed for people as well as appearance?</p>

<p>As Australia's cities continue to grow upwards and outwards, the next generation of sustainability may not simply be measured by lower emissions, but by how successfully developments bring nature back into everyday urban life.</p>


What does it really mean for a building to be 'green'?

<p>Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.</p>

<p>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;</p>

<h2>What is the Help to Buy Scheme?</h2>

<p>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.</p>

<p>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).</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

<p>To qualify for the Help to Buy Scheme, applicants must meet the following conditions:</p>

<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>

<p>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.</p>

<p>The scheme is expected to commence in NSW in late 2025, as part of a national rollout.</p>


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

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.</p>

<h2>New South Wales First Home Owner Grant</h2>

<p><strong data-end="252" data-start="225">First Home Owner Grant:</strong> 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.</p>

<p><strong data-end="413" data-start="389">Stamp Duty Benefits:</strong> Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.</p>

<h2>Victoria South Wales First Home Owner Grant</h2>

<p><strong>First Home Owner Grant:</strong> Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.</p>

<p><strong>Stamp Duty Benefits</strong>: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.</p>

<h2>Queensland First Home Owner Grant</h2>

<p><strong data-end="920" data-start="893">First Home Owner Grant:</strong> 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.</p>

<p><strong data-end="1162" data-start="1135">Stamp Duty Concessions:</strong> Provides additional concessions for properties valued up to $800,000.</p>

<h2>Western Australia First Home Owner Grant</h2>

<p>&nbsp;</p>

<p><strong>First Home Owner Grant:</strong> 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.</p>

<p><strong>Stamp Duty Concessions:</strong> Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.</p>

<h2>Australian Capital Territory First Home Owner Grant</h2>

<p><strong data-end="1617" data-start="1590">First Home Owner Grant:</strong> Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.</p>

<h2>South Australia First Home Owner Grant</h2>

<p><strong>First Home Owner Grant:</strong> 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.</p>

<p><strong>Stamp Duty Relief:</strong> Available for new homes and vacant land purchases.</p>

<h2>Tasmania First Home Owner Grant</h2>

<p><strong>First Home Owner Grant</strong>: Offers a $10,000 grant for new homes and off the plan purchases.</p>

<p><strong>Stamp Duty Exemption</strong>: 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.</p>

<h2>Northern Territory First Home Owner Grant</h2>

<p><strong>First Home Owner Grant:</strong> The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.</p>

<p><strong>Stamp Duty Exemption</strong>: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).</p>

<p><em>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.</em></p>


Every First Home Owner Grant for new property by state

<p>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.</p>

<p>Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.</p>

<p>Some systems assess individual building components, while others provide an overall rating for the entire structure.</p>

<p>A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.</p>

<p>NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.</p>

<p>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.</p>

<h2>What is NatHERS?</h2>

<p>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;</p>

<p>NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;</p>

<p>NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.</p>

<p>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.</p>

<h2>How NatHERS Ratings Work</h2>

<p>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.</p>

<p>The tools can model complex effects of building mass, insulation, window size, and other elements.</p>

<p>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.</p>

<p>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;</p>

<p>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.</p>

<p>Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.</p>

<h2>Benefits of Higher NatHERS Ratings</h2>

<p><strong>Energy Efficiency:</strong> 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.</p>

<p><strong>Cost Savings:</strong> 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.</p>

<p><strong>Environmental Impact:</strong> 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.</p>

<p><strong>Improved Comfort: </strong>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.</p>

<p><strong>Market Value and Desirability:</strong> 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.</p>

<p><strong>Compliance with Building Codes:</strong> 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.</p>


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?

<p>Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.</p>

<p>Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.</p>

<p>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.</p>

<h3>Convenience and accessibility</h3>

<p>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.</p>

<p>[smartcode_project:default project_id=114215 project_image_fid=204874]</p>

<p>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.</p>

<h3>Vibrant lifestyle and community</h3>

<p>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.</p>

<p>[smartcode_project:default project_id=107714 project_image_fid=214122]</p>

<p>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.</p>

<h3>Potential for higher rental yields and property value appreciation</h3>

<p>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.</p>

<p>[smartcode_project:default project_id=139989 project_image_fid=212887]</p>

<p>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.</p>

<h3>Enhanced security and maintenance</h3>

<p>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.</p>

<p>[smartcode_project:default project_id=108019 project_image_fid=212658]</p>

<p>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.</p>

<h3>Live-work-play balance</h3>

<p>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.</p>

<p>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.</p>


alisonwarters@gmail.com

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

<p style="line-height: 1.38;">When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.</p>

<p style="line-height: 1.38;">Often the largest outlay, after the deposit which goes to the bank, is stamp duty.</p>

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

<p>Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.</p>

<p>It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.</p>

<p style="line-height: 1.38;"><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></p>

<h2>Who pays Stamp Duty?</h2>

<p>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.</p>

<h2>How much does Stamp Duty cost?</h2>

<p>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.</p>

<p>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!</p>

<p>Overall, the stamp duty you need to pay will depend on:</p>

<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>

<p style="line-height:1.38">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.</p>


Ellen Walker

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

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<p><span>Talk in the industry is about whether or not house prices are in a bubble, if so have we been in one for some time and is it expensive bubble or a seriously expensive one?</span></p>
<p><span>One quote I read recently in relation to the current housing market was "One thing seems clear: If we’re having a discussion about whether or not house prices are in a bubble (as we have been for some time now), house prices do not represent good value at the current level. The debate is about whether they are expensive, or seriously expensive."</span></p>
<p><span style="line-height: 1.3em;">Now, of course we're all guilty of making sweeping comments - and myself more than most given my tendency towards a macro focus on this blog - but this snippet gives the full broom treatment to Australia's property markets.</span></p>
<p><span style="line-height: 1.3em;">The last time I checked in at the back end of 2014 there were 9,448,300 dwellings in Australia, a figure that will be approaching 9.5 million or so today. </span><span style="line-height: 1.3em; font-weight: bold;"> </span></p>
<div id="post-body-4846812275271867441" class="post-body entry-content">
<div><img src="/images/2015/05/22/Waregent1.jpg" alt=""></div>
<div> </div>
<div><span style="line-height: 1.3em;">Are some of those dwellings expensive? Indeed, and some of them are extraordinarily so in the present and persistent low interest rate climate.</span></div>
<div>
<div> </div>
<div>But equally, aren't some house prices very cheap? Very much so - in outer suburban Adelaide and Hobart, for example, and in any number of regional centres - although of course, "cheap" does not been good value ("cheap today is cheap tomorrow" as the old real estate mantra goes).</div>
<div> </div>
<div>The same holds true of share prices and indices, for that matter.<br><br>Are some share indices and stocks trading at high valuations? Yes. In fact, globally some markets are romping ahead to dizzying heights as I looked at only earlier this week.</div>
<div> </div>
<div>That does not mean that some individual stocks don't offer great value, though, particularly for those investors with the requisite skills in fundamental analysis.<br><br>With the benefit of hindsight, although not my favourite sector due to being capital intensive and reliant on the sale of commodities, 1999 was a great time to buy resources stocks. 2009 was an amazing time to load up on bank shares.  Today, health care and materials companies are worthy of consideration.</div>
<div> </div>
<div><img src="/images/2015/05/22/wargent2.gif" alt=""></div>
<div> </div>
<div> </div>
<div>
<div>Of course, this doesn't mean all companies in a sector are worth buying, or even any of them. There is no "one size fits all."</div>
<div> </div>
<div><strong>Focus</strong></div>
<div> </div>
<div>This was one of a raft of pieces of late referencing popping property bubbles, property speculators, the end of the property boom, shares now being due to outperform property, and so on.</div>
<div> </div>
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<div><img src="/images/2015/05/22/monty.jpg" alt=""></div>
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<div>
<div>All fair enough, although the truth is that ex-Sydney (and to a lesser extent Melbourne) there hasn't actually been a property boom to date in this cycle, rather a protracted period of relatively flat prices in real terms, and correspondingly there is no "Australian property bubble".<br><br>Resources influenced Perth and Darwin are seeing declining rents, the polar opposite of frothy conditions, while a number of mining towns have already capitulated. Canberra's property markets seem similarly uninspired.</div>
<div> </div>
<div>Why so much angst from equities-only investors then, one wonders, apart from the wider ramifications for the Australian economy and share markets of a genuine and material property correction?</div>
<br><div>An obvious point from a fundie perspective is that more funds under management equals more fees, so naturally enough does make sense to point out from time to time the benefits of a diversified share portfolio over the risks of holding a specific investment property or portfolio of properties.<br><br>I'm not sure whether it makes a great deal of difference, though. In my experience there exists a fair proportion of investors who are simply "shares people" or "real estate" people, and they won't ever be budged either way!<br><br><strong>Stock valuations decline</strong>
</div>
<div> </div>
<div>Perhaps another of the reasons for the angst is that the Australian share markets (generally!) have been on the receiving end of a bit of a shellacking over the past month, which naturally the financial media reports unfailingly on a daily basis.</div>
<br><div>Since threatening to crunch through 6,000 on March 18 the market has tanked, paring all the way back down to 5,600.<br><br>6,000 now seems like a distant dream once again, although the recent dovish Board Minutes from the Reserve Bank reinstated a moderate easing bias, which may help to fire markets up again.</div>
<div> </div>
<div>Now as intelligent people both you and I know that such short term movements don't mean a great deal for stock market investors with a long term mindset.<br><br>In fact, cheaper market prices equates to a greater array of buying opportunities for those with an appropriately disciplined investment approach.</div>
<div> </div>
<div>But it's funny what daily media headlines can do to folk, particularly when Sydney house prices are suddenly once again rising at an annualised pace of somewhere north of 15%. </div>
<div> </div>
<div>The XJO (ASX 200) chart shows that this index has pulled back to the same level as the beginning of March 2007, well over eight years ago.</div>
<div> </div>
<div><img src="/images/2015/05/22/ASX.jpg" alt=""></div>
<div> </div>
<div>
<div>While experienced investors are well aware that accumulated returns inclusive of dividends have been robust, a good proportion of Mum and Dad investors tend to like to see capital gains, preferably of the fast buck variety.<br><br><strong>Sydney property leads cycle</strong>
</div>
<div> </div>
<div>What seemed to be a highly unlikely outcome for much of the past decade is now once again becoming a reality - Sydney houses selling for double what they did during their last cyclical low around 2005.</div>
<div> </div>
<div>Granted I have only come across a few such examples to date, all of them houses rather than apartments, and usually in popular beachside suburbs such as Bondi, but I expect this will become an increasingly common occurrence over the year ahead.</div>
<div>
<br>Of course, the main advantage that property investors have over share market investors is the use of leverage which can magnify gains...and losses.</div>
<div> </div>
<div>An investment which doubles in value can see the dollars invested increased 10 or 20 fold before transaction and holding costs - for those who get it right and are prepared to hold through the lean periods of the cycle.</div>
<div>
<br>Dare we even mention it, some folk even used 100 per cent leverage in the period leading up the the financial crisis, making the returns on "investment" extraordinarily high.<br><br><strong>Risks to the downside</strong>
</div>
<div> </div>
<div>There is an old saying in investment that if something sounds too good to be true then it probably is.<br><br>So, what's the catch? </div>
<div> </div>
<div>One such catch is that most people just aren't very good at investing in property. The stats show that most don't achieve their goals, owning only one or two properties, with many selling within the first early years of ownership.</div>
<div> </div>
<div>It's not always entirely their fault, mind - property advisers have recommended some desperate choices over the last decade, including mining towns and any number of far-flung locations which haven't fared anything like as well as Sydney has. </div>
<div> </div>
<div>It was popular for a while to say that capital city investors were singing the same old tune from years ago and had failed to move with the times, though I haven't heard anyone saying that of late as the Sydney market continues to take off.<br><br>Inner ring Brisbane is now seeing prices rising again too, though not for all property types and suburbs it must be said, and I believe that generic apartments will struggle through this cycle.</div>
<div> </div>
<div><strong>Spruikfest</strong></div>
<br><div>You only had to set foot in the <em>Sydney Homebuyer Show</em> this year to see that the property forum was packed to the rafters with the flocking crowds far outweighing the numbers at the share trading and investing event.</div>
<div> </div>
<div>This is what always happens when house prices are rising, of course.</div>
<div> </div>
<div>Unfortunately so too were the self managed superannuation fund (SMSF) property spruikers out in force, barking orders about setting up trust structures to buy property to anyone who would listen - and anyone who wasn't listening as well, come to think of it.</div>
<div> </div>
<div>The thing to remember is that property and shares are not really directly comparable investments for any number of reasons which I don't have the space or inclination to repeat here.</div>
<div> </div>
<div>Equities are a far "cleaner" and more liquid asset class, very well suited to retirees of the right mindset contrary to popular opinion, particularly given the favourable tax treatment of franked dividend income in Australia.<br><br>No tenants or related headaches. No repairs and maintenance bills, Quick and easy to sell parcels of shares. </div>
<div> </div>
<div>Property investment suits many long term Mum and Dad investors, despite its illiquidity, and the leverage can see them magnify gains (or losses) at a greater rate, provided they invest well (or badly).</div>
<div> </div>
<div>For reasons I never really got my head around some property advisers have recommended investing in towns where there is acres of land around and thus no scarcity. </div>
<div> </div>
<div>The key to long term successful property investment is finding an asset which is in extremely high demand.<br><br>This generally means the larger capital cities, near jobs and where people want and need to live - and is scarce in supply, which ideally means a dwelling with a land value content, and in a land-locked suburban location.<br><br>The long run data shows that even most average capital city property has generally done well through the cycles, beating inflation over time.<br><br>It won't be long before the Sydney median house price has doubled again since 2003, soon thereafter to be threatening the $1 million level.</div>
<div> </div>
<div><img src="/images/2015/05/22/Property.jpg" alt=""></div>
<div> </div>
<div>
<p><em><span>PETE WARGENT </span>is the co-founder of <a href="https://allenwargent.com/" target="_blank">AllenWargent</a> property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank" rel="nofollow">blogger</a>.</em></p>
<p><em>His book '<a href="https://www.bigskypublishing.com.au/Books/General-Interest/Four-Green-Houses--and-a-Red-Hotel/1015/productview.aspx" target="_blank" rel="nofollow">Four Green Houses and a Red Hotel</a>' is out now.</em></p>
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pwargent-M4siyDbqQY

Blowing bubbles (again): Pete Wargent

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<p>If APRA enforce’s the assessment of a new mortgage holder’s ability to pay down their mortgage obligations the right way, it would cause a heavy blow to the Australian economy. The base assumption is that mortgage stress starts when more than 30% of household income is used to pay down the mortgage. Most households with new financing are already experiencing this stress at record low rates.</p>
<p>In Australia’s instance, and based on after tax income, households would only be able to borrow 3.64x the household income (unless the household already has other debt commitments) if the 7% servicability rule was to be property enforced. The only way to safely assure that new mortgage holders would be able to absorb 7% interest on a new mortgage is if it is based on the ability of the mortgage holder to manage 7% interest rates <em>after income tax and all other debts taken into considerations have been factored in</em>….unless you allow for dodgy measurements which Australian lenders are good at using.</p>
<p><img src="/images/2015/05/25/lf_economics.jpg" alt=""><span style="line-height: 1.3em;">As the above figure illustrated, this would mean one heck of deleveraging event in Australia if new borrowers borrow significantly less than the previous borrowers which would break down Australia’s Ponzi household lending business. Had the RBA not taken abnormal measures to save the housing market now on two occasions in the last seven years, Australia would not be in this problem so far down the road. Until then, hardly a shred of chance APRA will act tough. Like it’s associates at the RBA, talk is talk and data is data. And both have been managing a bubble, not an economy. That’s what the data tells us.</span></p>
<p><em>Lindsay David is the author of </em><a href="https://www.amazon.com.au/Australia-Australian-Credit-Property-Bubble-ebook/dp/B00JJ7UW0S/ref=sr_1_1?ie=UTF8&amp;qid=1410612321&amp;sr=8-1&amp;keywords=australia+boom+to+bust" target="_blank"><span class="s1"><em>Australia: Boom to Bust</em></span></a><em> and </em><a href="https://www.amazon.com/Print-Central-Bankers-Lindsay-David-ebook/dp/B00TMHEDBY/ref=sr_1_1?ie=UTF8&amp;qid=1423979661&amp;sr=8-1&amp;keywords=print+the+central+bankers+bubble" target="_blank"><span class="s1"><em>Print: The Central Bankers Bubble</em></span></a><em>. David recently founded </em><a href="https://www.lfeconomics.com" target="_blank"><span class="s1"><em>LF Economics</em></span></a><em> and holds an MBA from IMD Business School. He blogs at <a href="https://blog.australiaboomtobust.com" target="_blank">Australia Boom to Bust.</a></em></p>
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LindsayDavid-WEhfyLvNJJ

APRA won't act tough, just talk on property investor lending: Lindsay David

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<p><span>Fifty-three of the 200 people on the forthcoming annual 2015 BRW Rich List are property tycoons.</span></p>
<p><span>They include Meriton's Harry Triguboff, whose personal wealth is estimated to be $10.23 billion. He has been on the Rich 200 list since it was first published in 1984, when his net wealth was put as $25 million. The $10.23 billion was almost double last year's $5.5 billion. He was at $4.9 billion in 2013.</span></p>
<p>Meriton has focused on the apartment sector, but it is increasingly expanding into serviced apartment and also childcare centres, with plans to include 18 child care facilities in its new apartment buildings in the next year.</p>
<p><span style="line-height: 1.3em;">Meriton last year led Australia in housing starts with 7929 dwelling constructions, about triple the number the year before.</span></p>
<p><span style="line-height: 1.3em;">Meriton recorded its biggest ever profits from well over $1 billion worth of apartment sales with Triguboff’s wealth climbing to his highest mark in the 32-year history of the BRW Rich List, at $10.23 billion.</span></p>
<p>Mr Triguboff says Meriton will sell about 2500 apartments in 2015, mostly Sydney but also on the Gold Coast.</p>
<p>“We could certainly build more but there is only so much you can do with the labour you have,” he told BRW.</p>
<p><span style="line-height: 1.3em;">Harry Triguboff, 82, also played down chances of him selling all or part of Meriton after fielding approaches from Chinese investors last year, saying he was exploring options within his family for a succession plan.</span></p>
<p>The property sector this year accounts for 53 people among the 200 on the BRW Rich List, the most of any industry.</p>
<p>The magazine noted several list members, including Toll Holdings founder Paul Little and Nutrimedics co-founders Bill and Imelda Roche, have made their fortunes in other sectors but in more recent years have poured the bulk of their wealth into property.</p>
<p> </p>
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jchancellor-FAypfDUnLy

Almost doubling, Harry Triguboff at $10.23 billion in 2015 BRW Rich List 

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<p>Apartment construction tycoon Harry Triguboff expects offshore investors to pick up any slack caused by tighter lending criteria to local investors.</p>
<p>"If the banks tighten their lending, yes, that will stop investor demand," Mr Triguboff said.</p>
<p>"But I am not worried. Chinese investors will not stop. I will keep building. Don't worry, the Chinese will come."</p>
<div>
<p>Triguboff's Meriton is Australia's largest serviced apartment builder, stepping up its expansion. </p>
</div>
<div>"The Chinese are very easy to sell to," Mr Triguboff said at the Tourism Transport Forum conference in Sydney on Friday, as reported in the Australian Financial Review. </div>
<div>
<p>"They come here and they want an authentic Australian product and they don't require apartments to be traditionally styled."</p>
<p>Not building for just one tourist visitor group - drawing conclusions from the late 1980s Japanese tourism boom. </p>
<p>"A lot of people built things for Japanese customers. What happens if they don't come any more and when you have built this thing for one customer?" he said. </p>
</div>
<div>"They said they would never stop coming and of course they did." </div>
<div>
<p>Mr Triguboff said he enjoyed building serviced apartments because tourism was a big part of the Australian economy. </p>
</div>
<div>
<p>"Tourism is important because the mines are not going to be here forever."</p>
</div>
<p>Macquarie Group joined other banks charging borrowing conditions for property investors with new interest rate changes that took effect on Friday meaning Macquarie customers taking out fixed-rate investor or interest-only loans will pay higher rates than owner occupiers.</p>
<p>Similar moves were made earlier last week by ANZ Bank, National Australia Bank and Commonwealth Bank, in response to pressure from the Australian Prudential Regulation Authority to slow down rapid investor-lead house price growth, especially in Sydney and Melbourne.</p>
<div>
<div>
<div>
<p>But it took just under five hours for 581 off-the-plan apartments in Sydney's Darling Harbour project, known as Darling Square, to secure more than $600 million worth of sales for Lend Lease. </p>
<p>The Australian Financial Review was told the buyers were predominantly local with about a third coming from offshore.</p>
<p>More than half of the weekend buyer were owner-occupiers. </p>
<p>One-bedroom units at Darling Square started at $800,000 while two top-floor penthouses sold for more than $10 million. </p>
</div>
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Harry Triguboff says Chinese will replace local apartment buyers in APRA tightening

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<span style="line-height: 1.3em;">In Australia’s largest auction market, Melbourne, the preliminary clearance </span><span style="line-height: 1.3em;">rate of 80% over the week to May 24 was an improvement on the previous week’s final auction </span><span style="line-height: 1.3em;">clearance rate of 78.3%.</span>
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<div><span style="line-height: 1.3em;"> </span></div>
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<span style="line-height: 1.3em;">Prior to this week, Melbourne’s clearance rate </span><span style="line-height: 1.3em;">for the year to date was tracking at 77.6%, so this week’s result has </span><span style="line-height: 1.3em;">shown further improvement across an already strong market. </span>
</div>
<div><span style="line-height: 1.3em;"> </span></div>
<div>
<span style="line-height: 1.3em;">There were 1,110 </span><span style="line-height: 1.3em;">Melbourne auctions this week, with 961 results reported so far. Over the </span><span style="line-height: 1.3em;">previous week, 1,012 Melbourne auctions were held, and a higher 1,211 were </span><span style="line-height: 1.3em;">held last year, with a clearance rate of 66.6%. </span>
</div>
<div><span style="line-height: 1.3em;"> </span></div>
<div>
<span style="line-height: 1.3em;">This past week, the individual </span><span style="line-height: 1.3em;">sub-region of Melbourne with the strongest result was the outer east region, </span><span style="line-height: 1.3em;">where 87.3% of reported auctions were successful.</span>
</div>
<div> </div>
<div>The clearance rate increased in Sydney this week to 86.9%, based on <span style="line-height: 1.3em;">preliminary results, signifying that Sydney’s clearance rate of 85.0% last </span><span style="line-height: 1.3em;">week was a brief dip, after the four previous weeks where Sydney’s clearance </span><span style="line-height: 1.3em;">rate was recorded above the 87% mark.</span>
</div>
<div><span style="line-height: 1.3em;"> </span></div>
<div>
<div>No stopping the Sydney inner west engine room, as along Sydney’s individual sub-regions, the i<span style="line-height: 1.3em;">nner west region recorded the strongest result with a preliminary clearance </span><span style="line-height: 1.3em;">rate of 94.7% across 76 results. </span>
</div>
</div>
<div><span style="line-height: 1.3em;"> </span></div>
<div>
<div>
<span>The preliminary national auction clearance rate was recorded at 78.4%, according to the </span><span>CoreLogic RP Data weekend market summary.</span>
</div>
<div>
<div dir="ltr">
<div> </div>
<div>Both the number of auctions and the auction clearance rate were up week-on-week, a<span>cross the combined capital cities, with</span><span> data to week ending May 24.</span>
</div>
<div> </div>
<div>
<div dir="ltr">
<div>Last week auction volumes were higher than the prior week, with 2,470 capital city homes taken to auction, compared to 2,232 over the <span>previous week when the clearance rate was recorded at 77.5%. </span>
</div>
<div><span> </span></div>
<div>
<span>But the number of homes taken to auction was lower than </span><span>last year, when 2,786 auctions were held, with its clearance rate last year at 67.1%. </span>
</div>
</div>
</div>
</div>
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</div>
<div><span style="line-height: 1.3em;"> </span></div>
<div>
<span style="line-height: 1.3em;">Brisbane’s preliminary clearance rate across 86 results over the week to May 24 was 51.2%</span><span style="line-height: 1.3em;">, increasing from 50.0% across 136 auctions last week.</span>
</div>
<div><span style="line-height: 1.3em;"> </span></div>
<div>
<span style="line-height: 1.3em;">At the </span><span style="line-height: 1.3em;">same time last year, Brisbane was host to 185 auctions with 49.4% of </span><span style="line-height: 1.3em;">properties recording a sale. </span>
</div>
<div><span style="line-height: 1.3em;"> </span></div>
<div>
<span style="line-height: 1.3em;">Across the Gold Coast, 40 auction results have </span><span style="line-height: 1.3em;">been reported and based on this, the preliminary clearance rate is 35%.</span>
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<div>Across Adelaide, there were 87 auctions this week, with 65 results collected so <span style="line-height: 1.3em;">far. The preliminary clearance rate of 72.3% is higher than both last </span><span style="line-height: 1.3em;">week (63.8%) and last year (64.2%).</span>
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<div>There have been 20 Perth auction results reported so far this week with a <span style="line-height: 1.3em;">preliminary clearance rate of 25%. </span>
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<div>In Canberra over the past week, 100 auctions were held and so far, 69 results have <span style="line-height: 1.3em;">been reported with a clearance rate of 65.2%. </span>
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<div>There were 15 Tasmanian auctions held over the week. Of the 10 results <span style="line-height: 1.3em;">reported, 2 properties have sold, the </span><span style="line-height: 1.3em;">CoreLogic RP Data weekend market summary advised.</span>
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Melbourne's outer east and Sydney's inner west the capital city auction hotspots: CoreLogic RP Data

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<p>The exotic Edwardian Middle Park home at 156 Page Street had expectations of more than $3.3 million, but was passed in on a vendor’s bid of $3.4 million at weekend auction.</p>
<p>Title Tattle loves the front yard symmetry, but of course it is the knockout contemporary extension that could be expected to attract the buying interest. </p>
<p>Though the weekend result was the second time it failed to sell, as back in 2013 the $3.55 million desired sale didn't ever happen.</p>
<p>Auctioneer Greg Hocking of Greg Hocking Holdsworth advised there had been three parties interested in <a href="https://www.realestate.com.au/property-house-vic-middle+park-119643335" target="_blank">the four-bedroom Edwardian</a> with contemporary rear extension on its 344 square metre holding.</p>
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<span style="line-height: 1.3em;">It was </span>marketed<span style="line-height: 1.3em;"> as a home from two eras, with</span><span style="line-height: 1.3em;"> significantly extended spaces including a flexible formal living room/fourth bedroom, refined formal dining and superb living/dining areas featuring oak parquetry and a beautifully equipped open plan kitchen.</span>
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<div class="thumb"><span style="line-height: 1.3em;">It last sold at $1.55 million in 2005.</span></div>
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Middle Park two eras home doesn't find auction buyer yet again

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<span style="line-height: 1.3em;">It was top-down success as apartments went on sale </span>today<span style="line-height: 1.3em;"> at Crown Ashfield's $88 million resort-style development.</span>
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<div class="default"><span style="line-height: 1.3em;">Sold stickers in the early sales were very dominant among the pricier apartments on offer.</span></div>
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<span style="line-height: 1.3em;">Located nine kilometres from the Sydney CBD, six kilometres from the University of Sydney, 10 kilometres from the airport, 300 meters from Ashfield Mall and 750 metres from the railway station Ashfield, </span><span style="line-height: 1.3em;">sales were underway at same-day launch events in Sydney, Indonesia and Singapore.</span>
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<div class="default"><span style="line-height: 1.3em;"><span>Crown Group chief executive Iwan Sunito tweeted his delight at the early morning buyer queues as it represents an important milestone for Crown Group as its brand continues to gain momentum around the world.</span></span></div>
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<p><img src="/images/2015/04/22/Crown%20Ashfield%20Interior%20%20-%20Dark.jpg" alt=""><br> </p>
<p><span>Crown Group chief executive Iwan Sunito said Crown Ashfield will feature a forest interior concept along with the development’s internal atrium.</span></p>
<p><span>"The common areas will be bathed in natural light, lush greenery and first-class residents’ amenities," Sunito said.</span></p>
<p><span>The starting price mark was around $700,000 for a one bedroom apartment.</span></p>
<p><span>Crown Ashfield was designed by Surry Hills architects Turner featuring natural, organic elements throughout including an internal atrium, abundant natural light, a flowing sculpted water feature and lush greenery at 168 Liverpool Road.</span></p>
<p><span>The sold stickers were being quickly posted for the apartments in the modern nine-storey development comprising 79 boutique apartments, four exclusive retail spaces, resident and visitors’ car parking, grand lobby lounge, theatrette, piano room and rooftop communal facilities including a terrace and a recreational area with city views. </span><span style="line-height: 1.3em;"> </span></p>
<p><span>Crown Group achieved an impressive $173 million in sales within four hours at the launch of Sydney by Crown in November last year for its Clarence Street project.</span></p>
<p><span style="line-height: 1.3em;">Closer to town, strong sale were also achieved as 581 apartments (below) were offered at the Lend Lease launch of the Darling Square project.</span></p>
<p><span>The two penthouses sold at more than $10 million each.</span></p>
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Crown Ashfield secures top down sales success at its tree-house inspired Liverpool Road offering

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<p>The Sydney weekend auction market weakened a tad on Saturday from its record-breaking run of the past few months.</p>
<p>There was a preliminary 84.2% auction success rate today, the second last week of the Autumn selling season.</p>
<p><span style="line-height: 1.3em;">The peak was the all-time record clearance rate of 89.2% on May 9. It eased to a preliminary 84.4% result last weekend, May 16.</span></p>
<p><span style="line-height: 1.3em;">But the May 16 result was revised down to 81%, suggesting it won't be long before heading back into the still strong 70s.</span></p>
<p><span style="line-height: 1.3em;"><span>Dr Andrew Wilson, senior economist for the Domain Group, noted the 84.2% preliminary result today was "<span>strong but again below record levels of past month</span>."</span></span></p>
<p><span><span style="line-height: 1.3em;">Despite the slight overall weakening, auctioneers </span>reported<span style="line-height: 1.3em;"> suburbs of intensity.</span></span></p>
<p><span style="line-height: 1.3em;"><span><span>"Property market has been red hot today," auctioneer Damien Cooley tweeted. His brother Andrew tweeted the #South#market is flying today! Everything selling <span>#</span>overreserve - buyers everywhere!!</span></span></span></p>
<p>This weekend Sydney was scheduled to host over 750 auctions, well ahead of the 556 auctioned last weekend but below the 809 auctioned over the same weekend last year.</p>
<p>CoreLogic RP Data reported t<span style="line-height: 1.3em;">he overall clearance rate over the entire week increased in Sydney to 86.9 per cent, based on </span><span style="line-height: 1.3em;">preliminary results to May 24, signifying that Sydney’s clearance rate of 85.0 per cent last </span><span style="line-height: 1.3em;">week was a "brief dip," after the four previous weeks where Sydney’s clearance </span><span style="line-height: 1.3em;">rate was recorded above the 87 per cent mark. </span></p>
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<span style="line-height: 1.3em;">The CoreLogic results were based on 770 Sydney </span><span style="line-height: 1.3em;">auction results reported so far this week, with 950 homes taken to auction. </span>
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<div>"Volumes are higher than last week, when 885 residential auctions were held, <span>and lower than last year, when there were 1,115 auctions," CoreLogic RP Data advised.</span>
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<span>"One year ago, </span><span>Sydney’s auction clearance rate was 73.1 per cent, more than 10 percentage </span><span>points lower than the current level." </span>
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<span>Across Sydney’s individual sub-regions, the i</span><span>nner west region recorded the strongest result with a preliminary clearance </span><span>rate of 94.7 per cent across 76 results. </span>
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<table style="width: 605px;" border="0" cellspacing="0" cellpadding="5"><tbody>
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<td colspan="2">
<p>Most expensive</p>
</td>
<td colspan="2"> </td>
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<tr id="rpMostExpensive_trMostExpensiveRow_0">
<td id="rpMostExpensive_tdMostExpensiveCity_0" align="left">Sydney</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_0" colspan="2">9 King Av, Balgowlah NSW 2093, 5 br House, Max Walls International</td>
<td id="rpMostExpensive_tdMostExpensiveSold_0">$6,000,000</td>
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<tr id="rpMostExpensive_trMostExpensiveRow_1">
<td id="rpMostExpensive_tdMostExpensiveCity_1" align="left">Melbourne</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_1" colspan="2">46 Canberra Gr, Brighton East VIC 3187, 4 br House, Hocking Stuart Brighton</td>
<td id="rpMostExpensive_tdMostExpensiveSold_1">$4,010,000</td>
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<tr id="rpMostExpensive_trMostExpensiveRow_2">
<td id="rpMostExpensive_tdMostExpensiveCity_2" align="left">Adelaide</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_2" colspan="2">41 Grandview Gr, Toorak Gardens SA 5065, 5 br House, Klemich Real Estate Henley Beach</td>
<td id="rpMostExpensive_tdMostExpensiveSold_2">$1,320,000</td>
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<td id="rpMostExpensive_tdMostExpensiveCity_3" align="left">Brisbane</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_3" colspan="2">15 Abercrombie St, Newstead QLD 4006, 3 br House, RW - New Farm</td>
<td id="rpMostExpensive_tdMostExpensiveSold_3">$2,675,000</td>
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<td id="rpMostExpensive_tdMostExpensiveCity_4" align="left">Canberra</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_4" colspan="2">57 MacAlister Cr, Curtin ACT 2605, 5 br House, Peter Blackshaw Real Estate Woden &amp;</td>
<td id="rpMostExpensive_tdMostExpensiveSold_4">$1,342,500</td>
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<p>Most affordable</p>
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<td colspan="2"> </td>
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<td id="rpMostAffordable_tdMostAffordableCity_0" align="left">Sydney</td>
<td id="rpMostAffordable_tdMostAffordableLocation_0" colspan="2">13/107 Broughton St, Campbelltown NSW 2560, 3 br Townhouse, R&amp;W Campbelltown</td>
<td id="rpMostAffordable_tdMostAffordableSold_0">$310,000</td>
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<td id="rpMostAffordable_tdMostAffordableCity_1" align="left">Melbourne</td>
<td id="rpMostAffordable_tdMostAffordableLocation_1" colspan="2">3/117 Anderson Rd, Albion VIC 3020, 1 br Unit, Douglas Kay Sunshine</td>
<td id="rpMostAffordable_tdMostAffordableSold_1">$146,500</td>
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<td id="rpMostAffordable_tdMostAffordableCity_2" align="left">Adelaide</td>
<td id="rpMostAffordable_tdMostAffordableLocation_2" colspan="2">144 Wills St, Peterhead SA 5016, 2 br House, LJH West Lakes</td>
<td id="rpMostAffordable_tdMostAffordableSold_2">$250,000</td>
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<td id="rpMostAffordable_tdMostAffordableCity_3" align="left">Brisbane</td>
<td id="rpMostAffordable_tdMostAffordableLocation_3" colspan="2">15 Woodburn St, Marsden QLD 4132, 3 br House, PRD Marsden</td>
<td id="rpMostAffordable_tdMostAffordableSold_3">$275,500</td>
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<td id="rpMostAffordable_tdMostAffordableCity_4" align="left">Canberra</td>
<td id="rpMostAffordable_tdMostAffordableLocation_4" colspan="2">99 Florey Dr, MacGregor ACT 2615, 3 br House, LJH Belconnen</td>
<td id="rpMostAffordable_tdMostAffordableSold_4">$385,000</td>
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<p>Source APM</p>
<p>Sydney’s south hosted the most number of auctions with 121 listing.</p>
<p>The upper north shore followed with 106, the inner west 100, the city and east 79, the lower north 66, south west 60, the north west 54, the west 53, the northern beaches 47, Canterbury Bankstown 39, central coast 18 and the Blue Mountains with 1 auction scheduled this weekend.</p>
<p>Randwick and Mosman were the most popular suburbs for auctions with 11 auctions each including<span> 6 Dick Street, Randwick where Damien Cooley secured a $3.55 million sale through BHR Bickmore-Hutt Realty, </span><span>a trophy family home for sale for the first time in 39 years. The three-bedroom house at 6 Dick Street had a reserve price of $3.25 million and five registered bidders. </span>Cooley Auctions also secured the sale of <span style="line-height: 1.3em;">8 Coogee Street, Randwick at $1.85 million and 72 Canberra Street, Randwick at $1.69 </span>million.</p>
<p><span style="line-height: 1.3em;">Strathfield </span>foliowed <span style="line-height: 1.3em;">with 10, including 25 Arthur Street (below) which fetched $1,783,000.</span></p>
<p class="TweetTextSize TweetTextSize--28px js-tweet-text tweet-text" lang="en" data-aria-label-part="4">It sold with 11 registrations, auctioneer <span style="line-height: 1.3em;">Ricky Briggs advised.</span></p>
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<span style="line-height: 1.3em;">Surry Hills, Eastwood and Baulkham Hills had nine each.</span><span style="line-height: 1.3em;"> </span>
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<div class="QuoteTweet-authorAndText u-alignTop"><span style="line-height: 1.3em;">A narrow 1870s Surry Hills terrace fetched $965,000 at auction this afternoon, with its price reflecting recent 20% boomtime price growth.</span></div>
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<p>It was a <a href="https://www.spencerservi.com.au/index.cfm?page=for_sale.property&amp;id=3588&amp;utm_content=bufferf1321&amp;utm_medium=social&amp;utm_source=linkedin.com&amp;utm_campaign=buffer" target="_blank">2.85 metre wide terrace on Terry Street, Surry Hills</a>.</p>
<p>It has been billed as possibly Sydney's skinniest terrace, located near Central Station between Foveaux Street and Kippax Street.</p>
<p>The Spencer &amp; Servi sale was of a two bedroom, one bathroom, two storey terrace on a 38 square metre block.</p>
<p>The weekend auctions resulted in a $1,273,000 median house price sale, which was reflected in a sale by Auctions Services auctioneer Rob Trovato at <span>10 Blackburn Street, North Rocks which fetched $1.271 million through (below) NNW Property.</span></p>
<p><span><img src="https://i1.au.reastatic.net/456x342/c29e97d6c5b6ccc9be4b27cb6bfac37060aca08031692614c9058f3ab1e6902d/main.jpg" alt="10 Blackburn Avenue, North Rocks" title="10 Blackburn Avenue, North Rocks" data-index="0"></span></p>
<p><span style="line-height: 1.3em;">NNW Property</span><span style="line-height: 1.3em;"> has</span><span style="line-height: 1.3em;"> had 10 Hermington Street, Epping sell at $1.1 million, some $70,000 over reserve with 17 registered bidders, 11 of whom took part.</span></p>
<p>Some 60 plus bids were recorded by Rocky Ba<span><span>rtolotto</span><span>, a</span>uctioneer at Auction Services.</span></p>
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Still in the 80s, but Sydney auction success rate in decline as winter approaches

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<p><span>Melbourne's weekend clearance rate of 82 per cent was well up on the 77 per cent last weekend and 71 per cent this weekend last year.</span></p>
<p><span>There were 925 auctions reported to the REIV, with </span><span style="line-height: 1.3em;">Enzo Raimondo the CEO REIV </span>noting<span style="line-height: 1.3em;"> 137 sold before.</span></p>
<p><span style="line-height: 1.3em;">Some 78 were passed in on a vendor's bid.</span></p>
<p><span style="line-height: 1.3em;">The Melbourne rate appears to be strengthening in auction success while Sydney appears to be weakening after its recent sustained peak, suggesting a baton change is nigh.</span></p>
<p><span style="line-height: 1.3em;">There was a $710 million Melbourne sales tally from the </span>auctions<span style="line-height: 1.3em;"> </span>with<span style="line-height: 1.3em;"> a $920,000 median house price and a $630,000 median </span>apartment<span style="line-height: 1.3em;"> price.</span></p>
<p><span style="line-height: 1.3em;">The REIV reported the clearance as 86% for houses and 76% for aparments.</span></p>
<p><span style="line-height: 1.3em;">The top sale was a</span><span style="line-height: 1.3em;">n East Brighton mansion listed through </span><span style="line-height: 1.3em;">hockingstuart Brighton marketed as blending spectacular indulgence with high tech edge.</span></p>
<p><span style="line-height: 1.3em;">The agents suggest it was bringing Boston Brownstone architecture to the bayside suburb over three levels with four bedrooms and four bathrooms.</span></p>
<p><span style="line-height: 1.3em;">The bespoke </span><span style="line-height: 1.3em;">kitchen</span><span style="line-height: 1.3em;"> comes with fish tank, butlers pantry along with grand entry with Graham Geddes oak doors. </span></p>
<p><span style="line-height: 1.3em;">There is an expansive six car basement garage at</span><a href="https://www.hockingstuart.com.au/46_CANBERRA_GROVE_BRIGHTON_EAST_VIC_3187" target="_blank" style="line-height: 1.3em;"> 46 Canberra Grove</a><span style="line-height: 1.3em;">.</span></p>
<p><span style="line-height: 1.3em;">It also has a “man cave” with surround sound, a games area, a gymnasium, bar and full kitchen.</span></p>
<p><span style="line-height: 1.3em;">The trophy home had been listed with</span><span style="line-height: 1.3em;"> $3.7 million plus hopes, and was sold at $4.01 million, having been passed in at $3.7 million.</span></p>
<p><span style="line-height: 1.3em;"><span>Port Melbourne was Melbourne’s most popular suburb this weekend with 22 auctions followed by Richmond with 18, Brighton East 17, and South Yarra and Reservoir each with 16.</span></span></p>
<p><span style="line-height: 1.3em;">The cheapest sale at St Albans had been listed with adjusted $255,000 plus hopes -<a href="https://www.realestateview.com.au/Real-Estate/4-dumosa-court-st-albans/Property-Details-buy-residential-8696710" target="_blank"> two</a></span><span style="line-height: 1.3em;"><a href="https://www.realestateview.com.au/Real-Estate/4-dumosa-court-st-albans/Property-Details-buy-residential-8696710" target="_blank"> bedrooms</a> - through Barry Plant agents </span><span style="line-height: 1.3em;">Alex (Chau) Tran and</span><span id="phone-markup-1" style="line-height: 1.3em;"></span><span style="line-height: 1.3em;"> Quyen Tran, but sold for a tad under. It last sold at $32,000 in 1991.</span><span id="phone-markup-2" style="line-height: 1.3em;"><span class="link"><a href="https://www.realestateview.com.au/Real-Estate/4-dumosa-court-st-albans/Property-Details-buy-residential-8696710"><br></a></span></span></p>
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<p><strong style="line-height: 1.3em;">REIV TOP 5 HOUSES</strong></p>
<p><span>1. 46 Canberra Grove, Brighton East $4,010,000<br>2. 1 Russell Street, Toorak $3,960,000<br>3. 27 Donna Buang Street, Camberwell $3,370,000<br>4. 82 Maud Street, Balwyn North $3,083,000<br>5. 1 Pleasant View Crescent, Wheelers Hill $2,900,888<br></span></p>
<p><span><strong>REIV TOP 5 BARGAIN HOUSES<br></strong>1. 4 Dumosa Court, St Albans $247,500<br>2. 17 Brighton Place, Craigieburn $295,000<br>3. 1 Moorhen Crescent, Carrum Downs $304,000<br>4. 1 Mitre Crescent, Frankston North $308,000<br>5. 43 Trafalgar Street, Albanvale $317,000</span></p>
<p><span><strong>REIV TOP 5 APARTMENTS<br></strong>1. 1001/115 Beach Street, Port Melbourne $2,350,000<br>2. 114/350 St Kilda Road, Melbourne $2,100,000<br>3. 2/29 Park Street, South Yarra $1,530,000<br>4. 4/55-57 Manningtree Road, Hawthorn $1,508,000<br>5. 9 Tregenna Court, Brighton East $1,420,000<br></span></p>
<p><span><strong>REIV TOP 5 BARGAIN APARTMENTS</strong><br>1. 8/35 Stud Road, Dandenong $210,000<br>2. 2/66 Dundas Street, Thornbury $247,000<br>3. 7/210 Clarke Street, Northcote $270,000<br>4. 2/2 May Street, Altona North $280,000<br>5. 8/9 Murrumbeena Road, Murrumbeena $285,000</span></p>
<p>Source <a href="https://www.reiv.com.au/Property-Research" target="_blank">REIV</a></p>
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Melbourne weekend auctions head higher to 82% with Brighton brownstone the top seller

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<p>A narrow 1870s Sydney terrace fetched $965,000 at auction this afternoon, with its price reflecting recent 20% boomtime price growth.</p>
<p>It was a <a href="https://www.spencerservi.com.au/index.cfm?page=for_sale.property&amp;id=3588&amp;utm_content=bufferf1321&amp;utm_medium=social&amp;utm_source=linkedin.com&amp;utm_campaign=buffer" target="_blank">2.85 metre wide terrace on Terry Street, Surry Hills</a>. <span>The winning bidder was the buyer's agent Raymond Hung bidding on behalf of his client in China.</span></p>
<p>It has been billed as possibly Sydney's skinniest terrace, l<span>ocated near Central Station between Foveaux Street and Kippax Street</span>.</p>
<p>The Spencer &amp; Servi sale was of a two bedroom, one bathroom, two storey terrace on a 38 square metre block.</p>
<p><span>First National Spencer &amp; Servi’s selling agent Annie Hodgson, who had issued more than six contracts, was quoting $750,000 plus.</span></p>
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<td colspan="2"><a href="https://www.spencerservi.com.au/assets/popup/show.cfm?p_id=3588" target="_blank"><img src="https://www.spencerservi.com.au/assets/library/property/3588_15344.jpg" hspace="5" vspace="5" width="410"></a></td>
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<p>It had 48 square metre space.</p>
<p><span>The property was last sold in March 1981 for $54,000, reflecting 8.75% annual growth over the 34 years.</span></p>
<p><span>A renovated 38 square metre terrace three doors away sold at $633,000 in May two years ago, so the annual price growth sits at around 22% over the past two years.</span></p>
<p><span><img src="https://images-2.domain.com.au/2015/05/20/6546581/Article%20Lead%20-%20narrow996273431gh5liyimage.related.articleLeadNarrow.353x0.gh5lhz.png1432103860898.jpg-300x0.jpg" alt="29 Terry Street, Surry Hills."></span></p>
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