Apartment buyers in New South Wales are set to gain a decade of insurance-backed protection against major building defects, after the NSW Parliament passed the Fair Trading and Building Legislation Amendment Bill 2026.&nbsp;

The Bill establishes decennial defect insurance, known in the market as Latent Defects Insurance (LDI), as an alternative to the existing two-year strata building bond. It cleared the Legislative Council with amendments on Tuesday evening (August 4, 2026), with the Legislative Assembly agreeing to those amendments shortly after.

Under the reform, eligible developers can satisfy their statutory bond obligation by taking out an approved decennial-style policy that gives owners 10 years of cover for major structural defects from completion, claimable directly, without first having to pursue developers or builders through costly legal action.&nbsp;

The change forms the final tranche of amendments arising from the 2021 statutory review of the Strata Schemes Management Act 2015 and related legislation.

Resilience Insurance, which originated the cover in Australia and has delivered it in NSW since 2022, welcomed the passage and credited the NSW Government for delivering it.

“This is protection apartment buyers have needed for a long time, and the credit for delivering it belongs to the NSW Government,”&nbsp;said Corey Nugent, CEO of Resilience Insurance.

“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into. Reform like this is what good, evidence-based regulation looks like.”

Resilience has delivered LDI in NSW since 2022, protecting thousands of apartments, giving the State, and now the country, real-world evidence of how decade-long, no-fault protection works in practice.

The reform also places NSW within a wider national shift.

NSW is the third jurisdiction to put decennial cover into law. The ACT legislated for it in 2024, with the scheme taking effect in late 2025, and Victoria passed its own framework on 17 June. Between them, the three cover the majority of Australia's apartment market.

The reform commences once the legislation is proclaimed, which is expected in the coming weeks. From that point, developers of Class 2 residential apartment buildings can meet their statutory obligation with an approved decennial policy in place of the bond.

Buyers who purchased into projects that took out the cover early are among the first in the country to take keys to apartments carrying decade-long structural protection.

“With the legislation passed, the focus now turns to making it work for buyers,”&nbsp;Nugent said.

“There are already thousands of apartments in NSW covered by this insurance, bought by developers who moved early. The question every buyer should be asking in a display suite is a simple one: does this building come with 10-year defect cover, and who stands behind it?&nbsp;

“We look forward to working with the Government and the Building Commission in coming weeks as the framework moves to implementation, and to sharing what we have learned over the past four years so the protection reaches owners as smoothly and quickly as possible.”

Other states are working through their own reform programs. Western Australia has indicated that decennial cover is within consideration a later stage of its reform sequence, and Queensland has been examining the settings as it looks at the development pipeline ahead of the 2032 Olympics.

Resilience Insurance acknowledges the NSW Government’s continued focus on strengthening consumer protection while supporting housing delivery across the State.

Fast Facts: What the reform means

<ul style="color:#222222; font-family:Arial, Helvetica, sans-serif; font-size:small; font-style:normal; font-variant-ligatures:normal; font-weight:400; text-align:start; white-space:normal; background-color:#ffffff; text-decoration-thickness:initial; text-decoration-style:initial; text-decoration-color:initial">
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Proven at scale:&nbsp;Decennial cover has operated in NSW since 2022, protecting thousand of apartments.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">10 years of cover:&nbsp;Protection for major structural defects runs for a decade from completion, claimable directly and with no legal action required.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">An alternative to the bond:&nbsp;Eligible developers can meet their statutory obligation with an approved decennial-style policy in place of the 2% strata building bond.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Part of a national shift:&nbsp;The ACT has had decennial provisions in force since 2025 and Victoria passed its framework in June. NSW now joins them.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">No-fault, first resort:&nbsp;Owners corporations claim directly from the insurer without first having to establish who is liable for the defect.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Cost-competitive:&nbsp;At approximately 1.8% of build cost, LDI is typically priced below the 2% bond while offering broader, longer protection.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Market position:&nbsp;Resilience originated LDI in Australia and has delivered it in NSW since 2022.</li>
</ul>

Fast Facts: What is Resilience LDI?

<ul style="color:#222222; font-family:Arial, Helvetica, sans-serif; font-size:small; font-style:normal; font-variant-ligatures:normal; font-weight:400; text-align:start; white-space:normal; background-color:#ffffff; text-decoration-thickness:initial; text-decoration-style:initial; text-decoration-color:initial">
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Resilience Latent Defects Insurance (LDI):&nbsp;Covers major structural defects for 10 years from completion.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Consumer-first:&nbsp;Direct claim access, no need for lengthy legal action.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Cost advantage:&nbsp;At approximately 1.8% of build cost, LDI is typically priced below the traditional 2% Strata Bond while offering broader protection.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Market leader:&nbsp;&nbsp;Resilience Insurance originated LDI in Australia and is the national market leader.</li>
</ul>

Joel Robinson

NSW parliament passes 10-year defect insurance laws for new apartment buyers

Builder-developer <a href="https://www.apartments.com.au/developers/mcnab-developments">McNab</a> has wasted little time reshaping one of South Brisbane's most significant undeveloped apartment sites after acquiring the property earlier this year.&nbsp;

McNab has lodged plans to scrap an existing approval for two 30-storey towers and instead deliver a single 28-storey residential building, preserving part of the site for a future development opportunity.

The proposal, lodged over <a href="https://www.apartments.com.au/new-apartments/64-peel-street-south-brisbane-qld-4101">64 Peel Street and 9 Cordelia Street</a>, is for a residential-led mixed-use development comprising 124 apartments above a landscaped podium, alongside a boundary realignment that preserves part of the land for a future residential project.

<img alt="First look: McNab resets decade-old South Brisbane approval with 124-apartment tower" data-entity-type="file" data-entity-uuid="743bf564-3f8f-45fc-b8d3-bbf18f5b628f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/mcnab%20Peel%20st%20podium.png?VersionId=EhCxGrVn_VFH3qTbKnI4WppGwaMnOn0t" />

Designed by <a href="https://www.apartments.com.au/architects/hayball">Hayball</a>, the development will deliver 119 two-bedroom and five three-bedroom apartments across 23 residential levels. A five-level podium will accommodate 135 car spaces, while the ground floor will include a 66 sqm commercial tenancy, an activated residential lobby with work-from-home spaces, and a publicly accessible landscaped plaza linking Cordelia and Peel streets.&nbsp;

Communal amenities will span Level 6 and the rooftop, including indoor and outdoor recreation spaces, a swimming pool, barbecue facilities, kitchen and dining areas, lawn space, sauna, steam room and yoga facilities.

The application also proposes a boundary realignment to create a standalone 1,290 sqm development lot while retaining an adjacent parcel for future redevelopment, allowing the balance of the site to contribute additional housing over time.

Hayball said the architecture has been shaped by the site's elevated corner position at the intersection of Peel and Cordelia streets and Brisbane's subtropical climate.

The design incorporates generous landscaped setbacks, a masonry podium wrapped with planting, large north-facing balconies, and a slender tower profile intended to maximise natural light, cross ventilation and long-range views. The rooftop has been conceived as a wellness-focused retreat overlooking Brisbane, with amenities positioned to capture views towards Mount Coot-tha and the CBD.

<img alt="First look: McNab resets decade-old South Brisbane approval with 124-apartment tower" data-entity-type="file" data-entity-uuid="c5f99e84-6ad8-4a87-82d1-869685b754d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/mcnab%20tower%20perspective.png?VersionId=Gw0IuJaSAlk.tvGBxInhZOcQAdIB..2b" />

The planning submission positions the proposal as a response to both changing market conditions and Brisbane's Kurilpa Sustainable Growth Precinct planning reforms.

McNab acquired the site after the previous approval was granted, with the existing scheme no longer reflecting current residential market demands, economic conditions, construction challenges, construction efficiencies or the quality of development outcome now being pursued, the planning report noted.

McNab continues to expand its residential development pipeline across Brisbane and the Gold Coast. The developer recently launched The Tannery in West End, securing more than 60 per cent of apartments before the project's public release. It is also delivering Elements Budds Beach in Surfers Paradise and Lucia Highgate Hill, an eight-apartment boutique development overlooking the Brisbane River.

McNab resets decade-old South Brisbane approval with 124-apartment tower

A steeply sloping Bellevue Hill site is set to accommodate a new mid-rise apartment development, with plans lodged for 20 homes that respond to the site's dramatic topography.

The proposal for the consolidated land at <a href="https://www.apartments.com.au/new-apartments/138a-140-bellevue-road-bellevue-hill-nsw-2023">138A-140 Bellevue Road</a> has been designed by Sydney architecture practice Common Office, which has used the site’s substantial fall to distribute the building’s scale and unlock 20 apartments without presenting the full height to the street.&nbsp;

“The unique design strategy leverages the site’s substantial topographical fall to facilitate increased density, presenting a seven-storey profile to Bellevue Road while rising to 10 storeys at the rear,” Common Office said in its architectural design report.

The apartment mix spans one, two, three- and four-bedroom residences. Four two-bedroom apartments are designated as affordable housing, while the plans also include two adaptable dwellings. The mix is majority three-beds, with the typical three-bed apartment offering around 144 sqm internally, with balconies of around 15 sqm.

The affordable housing component represents 15 per cent of the residential floor area and allows the project to access additional height and floor space under the NSW Government’s in-fill affordable housing provisions. The site also falls within the inner area of the Low and Mid-Rise Housing Policy because it is within 400 metres walking distance of Double Bay Town Centre.

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="b1230d0f-3bfa-4a11-abaf-0928c66ef345" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20da.png?VersionId=dZeMK3P.OutGjN8ycjsxm8uNsj_QFWQv" />

Common Office has arranged the building around a masonry podium and a lighter upper volume, drawing on two recurring elements of Bellevue Hill’s established architecture: sandstone bases and the vertical proportions of local Inter-war Art Deco apartment buildings.

“The proposal is governed by a holistic design language that reconciles the solid horizontal masonry of the neighbourhood’s podiums with the elegant verticality of its Art Deco heritage,” the architect said.

“The building maintains a consistent rhythmic logic utilising deep recesses and a sophisticated material transition to break down the 10-storey scale into a series of articulated, human-scale volumes.”

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="0147f503-1af1-4d51-97fb-c2f1cba63a9d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20bldg.png?VersionId=GoW7q3NlK67OpnePXhk7zvklrlKb72Qc" />

Large-format sandstone tiles will define the lower levels, establishing a robust base that negotiates the change in elevation from Bellevue Road. Above, red-tinted precast concrete frames, recessed balconies, anodised aluminium screens and expanded metal details will create a more vertically expressed façade. Integrated planter beds will introduce greenery across balcony edges and recessed sections of the building.

The elongated northern façade has been divided into three recessed vertical masses to reduce its perceived length. Triangular window elements and metal privacy screens reference the geometry of nearby Art Deco buildings while controlling overlooking toward surrounding homes. The southern elevation will incorporate further privacy screening, landscaped edges and deep balconies to maintain light and ventilation.

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="e8679cf1-18bc-4447-8a0f-0052b94ab83c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20da%20rooftop.png?VersionId=5SQqQqRFf76rvE2p1TbxJSweMN70AIbc" />

Private and communal landscaping is distributed throughout the development. A landscaped garden apartment is positioned within the lower portion of the site, while a communal terrace on Level 5 will include a central timber deck, barbecue facilities, resident planting plots and areas for outdoor dining and informal gatherings.

Common Office described the terrace as an elevated sanctuary designed to capture district views and sunlight. Its planting strategy incorporates endemic species associated with the Eastern Suburbs Banksia Scrub, extending the landscape vertically through the building and providing habitat for local flora and fauna.

A second communal outdoor area is proposed at roof level, with built-in seating, paved gathering areas and perimeter planting.

Bellevue Hill is enjoying renewed momentum in the new apartment market, with several boutique developments recently launched and currently under construction. Positive Investment Enterprise is delivering the 16-apartment Kew Palm House on Birriga Road, while Chanine Developments is also under construction at Florian, a 36-apartment project on Banksia Road.

&nbsp;

Bellevue Hill is enjoying renewed momentum in the new apartment market, with several boutique developments recently launched and currently under construction.

First Look: Apartment development pitched for Bellevue Hill, Double Bay fringe

South Brisbane's apartment pipeline continues to build momentum, with <a href="https://www.apartments.com.au/developers/trk-property-group">TRK Property Group</a> lodging plans for a 161-apartment tower on Montague Road as developers accelerate investment across the Kurilpa Sustainable Growth Precinct.

The proposal for 176–186 Montague Road would replace an existing office building with a 20-storey residential tower designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, adding to a growing pipeline of high-density projects reshaping one of Brisbane's fastest-evolving inner-city precincts.

The project has been conceived as a "living building", featuring a flowing tower form, extensive vertical landscaping, and generous communal spaces that respond to the evolving Kurilpa Sustainable Growth Precinct.

TRK Property Group Development Director Matt Kan said the project reflected the confidence developers have in South Brisbane's long-term future.

"South Brisbane is entering an incredibly exciting period, and we see Montague Road sitting right at the heart of that evolution," Kan said.

"With the former Visy site directly opposite us and significant investment planned throughout the broader Kurilpa precinct, there is a real sense of momentum around this part of the city and what it will become over the coming years.

"For TRK, this is an opportunity to be part of that next chapter and deliver a project that responds to where the precinct is heading, while contributing to the continued evolution of Brisbane's river edge."

<img alt="First look: TRK Property joins South Brisbane apartment surge with Montague Road tower plans" data-entity-type="file" data-entity-uuid="590fe1ad-f892-4446-a679-80e33a16d029" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/TRK%20tower%20facade.png?VersionId=uOJStrcKpyHFcPE1w6_9SMAFzVMCcZll" />

The scheme includes a mix of one, two, three and four-bedroom apartments, incorporating multi-purpose rooms in selected residences to provide additional flexibility for home offices or expanded living areas. The proposed mix comprises 15 one-bedroom, 13 one-bedroom plus MPR, 73 two-bedroom, 26 two-bedroom plus MPR, 30 three-bedroom, and four four-bedroom apartments.

Rather than adopting a conventional rectilinear tower, COX Architecture has developed a sculpted form inspired by the movement of the Brisbane River.

"The proposal has been designed by COX Architecture as a 'living building' that responds to the site's riverine setting, floodplain history and evolving urban context within the Kurilpa Sustainable Growth Precinct," the planning report states.

"The architectural form draws from the fluid nature of the Brisbane River, with a curved and undulating tower form that creates a varied architectural edge and avoids a conventional rectilinear tower expression."

The podium has also been designed as an architectural feature rather than a conventional parking structure, with cascading planting, screening and natural-toned materials softening its appearance. Resident parking is elevated above ground level to address the site's flood constraints, while habitable apartments sit above flood planning levels. Upper-level communal facilities are designed to accommodate shelter-in-place arrangements during major flood events.

<img alt="First look: TRK Property joins South Brisbane apartment surge with Montague Road tower plans" data-entity-type="file" data-entity-uuid="01fa15d0-90df-46c7-9555-7941fc45373c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/TRK%20podium.png?VersionId=mHyua.w1pHGBt9qEdWzrlsv.leztUCwO" />

Communal amenity is a major focus of the proposal. Around 1,815 sqm of shared resident space is proposed across the ground floor, level 19 and the rooftop, including co-working areas, indoor and outdoor recreation spaces, wellness facilities, dining and gathering areas, lawn spaces, a rooftop pool and spa, and extensive landscaping. At street level, a landscaped forecourt and approximately 345 sqm of publicly accessible open space along Montague Road are intended to improve the pedestrian experience while activating the building's frontage.

The development will provide 163 car spaces, including 152 resident bays and 11 visitor spaces, together with 144 bicycle spaces incorporating resident storage, visitor parking, bicycle maintenance facilities and e-mobility charging infrastructure.

The site sits within one of Brisbane's fastest-changing inner-city precincts, less than two kilometres from the CBD and within easy reach of South Bank, West End, the Queensland Cultural Centre and extensive public transport connections. The Kurilpa Sustainable Growth Precinct planning framework is encouraging higher-density residential development to help meet Brisbane's housing supply targets while supporting walkable, transit-oriented neighbourhoods.

TRK Property joins South Brisbane apartment surge with Montague Road tower plans

Article summary

<ul data-end="785" data-start="311">
	<li data-end="459" data-section-id="5hbcyr" data-start="311">Pikos Group has released the five-penthouse collection at Skye Kangaroo Point, headlined by a two-storey sky home spanning more than 1,000 sqm.</li>
	<li data-end="561" data-section-id="1p7lq8n" data-start="460">Early buyer interest suggests the residences could set a new Queensland apartment price record.</li>
	<li data-end="667" data-section-id="1y70z0l" data-start="562">The collection includes four move-in ready penthouses and the highly customised Skye One residence.</li>
	<li data-end="785" data-section-id="yvm0y1" data-start="668">The release caps one of Bri​sbane's most ambitious luxury apartment developments overlooking the Brisbane River.</li>
</ul>

<hr data-end="790" data-start="787" />
Pikos Group has released the five-penthouse collection at its <a href="https://www.apartments.com.au/buildings/skye-residences-by-pikos-kangaroo-point-8-river-terrace-kangaroo-point-qld-4169">Skye by Pikos</a> development in Kangaroo Point, with early buyer interest indicating the flagship residences could eclipse every apartment sale previously recorded in Queensland.

The collection crowns the luxury riverfront development with five residences, including four completed penthouses and Skye One, a two-level sky home spanning more than 1,000 sqm that will be tailored to its eventual owner.

[smartcode_project:default project_id=90059 project_image_fid=374075]

Wanting to offer a fully customisable home, Pikos is offering Skye One as a blank canvas, allowing the buyer to work alongside the developer's design team to customise the home's layout, finishes and internal spaces.

The residence will feature a 247 sqm private rooftop terrace with its own swimming pool, sauna, steam room, outdoor kitchen and multiple entertaining areas overlooking the Brisbane River and CBD skyline.

The remaining four penthouses have been completed and are ready for immediate occupation, each offering four bedrooms, expansive open-plan living areas, soaring ceilings and private lift access.

[smartcode_project:default project_id=90059 project_image_fid=374059]

One of the defining features throughout the project is its use of Roman Classic Travertine, with more than 20,000 sqm of the natural stone imported from Italy after being personally selected by Pikos Group Founder and Executive Director Pedro Pikos, interior designer Julie Williamson and third-generation stone specialist Mario Caucci.

Pikos said the penthouse collection represented the culmination of the company's long-term vision for Skye.

"True legacy isn't measured by what we build today, but by what endures tomorrow," Pikos said.

"Our ambition is to create places that become more valuable with time, enrich the lives of generations, and stand as timeless landmarks long after we've stepped away."

[smartcode_project:default project_id=90059 project_image_fid=374060]

Williamson said the interiors were inspired by the natural character of Kangaroo Point and the Brisbane River rather than international design trends.

"Materiality tells the story of a place," Williamson said.

"We looked to the movement of the Brisbane River, the texture of the cliff face and the warmth of the surrounding landscape to create interiors that feel understated, enduring and unmistakably Brisbane."

Positioned above the Kangaroo Point cliffs, Skye places residents within walking distance of Howard Smith Wharves, South Bank and James Street while offering uninterrupted river and city views.

[smartcode_project_cta:default project_id=90059]

Brisbane's next apartment price record? Pikos unveils Skye's exclusive penthouse collection

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

When buying an apartment, most people compare the big-ticket items first. Floorplans. Kitchens. Balcony size. Natural light. The view.

But there's one everyday consideration that often doesn't come up until after moving in: how parcels are delivered.

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.

For apartment residents, that can present a challenge.

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.

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.

It's one of those details that rarely features in a display suite but can have a noticeable impact once residents move in.

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.

Australia Post's Parcel Lockers provide one solution.

<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>

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.

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.

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.

For buyers, it's a reminder that the best apartment features aren't always the most obvious.

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.

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

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Last night’s The Block Glasshouse saw the contestants reveal their study, hallway and guest bedroom.
It turned out that while style is crucial, it cannot be to the detriment of functionality, or vice versa.
Stress was high as cabinetry was delayed for a number of the couples and a lack of sleep and poor planning hindered many.
The week three winners turned out to be Darren and Dee (bedroom pictured above, courtesy of Channel 9).
Here are the judges’ thoughts on the rooms presented, and the five lessons Property Observer thinks that every budding renovator should keep in mind.
<ul>
<li>Michael and Carline</li>
</ul>
The room had the guests say ‘wow’ as they walked in, with a strong lighting feature and nice design elements.
On first walk around, it looked as though it was going to be a largely position situation. The large desk, that could easily fit two people, was pointed out as a great functional positive, as was the access to natural light, and the brass detailing was considered ‘on trend’ for both the bedroom and the study.
The day bed was also well received for both its colouring and design, and functionality again with plenty of space underneath for storage.  
However, when the judges tried out the desk chair it turned out to be far too low to be practical – eliciting some humour about actually working in the space. Not a huge positive for the room.
They also liked the use of the colour black – while it can enclose a room, and should be used carefully, they were impressed with Michael and Carline’s use of the colour.
Overall, the modern rooms were considered well-suited to the geography of the area sharing that urban environment style that buyers would be a fan of.
<ul>
<li>Chris and Jenna</li>
</ul>
The critque of Chris and Jenna’s space wasn’t hugely positive. They’d skipped the study, which was a huge “no no” in the judges’ eyes who noted that when buyers will be comparing the five properties for sale at one time they would consider the lack of a study a detriment.
Instead, they’d presented an attic, which was called “just storage”.
In the bedroom itself, they were also largely unimpressed. With nine plants, and a potting bench at the end of the bed, the inclusions were noted as “inappropriate for the room” and more suited to a gardening centre. Exposed screws at eye level on the shelving was also considered as a bad decision. They noted that the backdrop had made the expensive exposed timber look cheap.
The judges said that the wall, which was in the middle of the room, made a large space feel compressed.
The one positive, a nice chair, was hidden away, while the walk in wardrobe was noted as good but the mirror was in a strange position.
Article continues on the next page. Please click below.
<hr class="system-pagebreak">
<ul>
<li>Karstan and Max</li>
</ul>
The main positive in their study, hallway and room was the choice to have polished concrete throughout, which was an unusual decision enjoyed by the judges. Karstan and Max hoped it might help sway the buyers on the selling end.
While a lot of debate went on between Karstan and Max over choosing a clock or an artwork, instead electing for a clock that they thought acted as a piece of art, the judges wanted to see something bolder in this space for more impact. The artwork in the bedroom was widely liked.
Heading for the “less is more” vibe, it appears they may have headed too far and left it feeling too spacious and unfinished, rather than showing a high end grand look.
The study area, with white laminate on the desk and shelving, left the judges somewhat divided. They all considered it functional, but debated whether it didn’t seem particularly contemporary.
Other than the artwork, the rest of the bedroom was also said to leave them cold. While they had left a blank canvas for prospective buyers, they suggested that perhaps it had been left a little too blank.
Instead, the ceiling feature that was one of the room’s selling points should have been shown off with a nice light feature, rather than bringing everything to floor level.
Overall, the judges felt the flesh on the bones was missing and could do with some revisiting before showing it to buyers down the track, although noted it was all easily fixable.
<ul>
<li>Shannon and Simon</li>
</ul>
Structural issues left Shannon and Simon appearing worse off earlier in the piece, with the beams and ceiling being obstacles. Late deliveries also plagued them when it came to cabinetry.
However, they shone to the judges with their skylight. Unlike Karstan and Max they had managed to lift their eyes to the roof to see something special, and they considered it a very clever choice adding some wow factor in the stairwell.
The sizing felt cosy but not claustrophobic. They separated off a space that was functional, but had style.
The guest bedroom include a burnt orange velvet through, a risky choice that the judges actually liked – even paired with the leopard print towels.
Small decisions added up into a successful run with the judges with attention to detail being noted – for instance, the recess for the curtains and other smaller architectural decisions.
The judges noted that the storage amount was perfect, simple and discreet.
<ul>
<li>Darren and Dee</li>
</ul>
With an extra $5,000 to work with, big things were expected from Darren and Dee and they didn’t disappoint.
Dee regularly discussed how much she wanted “drama” in the room. At first, this sounded worrying, however her decisions worked out well as she looked to move the eyes away from a room with no exceptional features and, in her words, “just weird shaped”.
A smart decision led the couple to using parquetry floors throughout the apartment, which were much admired by the judges.
They had a smaller space than the other couples for the study, however they managed to provide a high-end look and a space that was still usable, which the judges were happy with.
There was plenty of impact, however it still managed to remain pulled back.
In the bedroom, a canopy bed and some clever styling was said to be attractive and would likely bring in buyers from the expensive neighbouring suburbs.
Unfortunately, the slider door track and gap were still visible and should have been hidden in the bulkhead with the small finishes needing some work. Darren and Dee noted that they had ordered some.
Overall, it was said that they’d easily entice buyers to feel like this could be their home and that they were set to deliver for a good auction.
Five lessons for every renovator from the Block on the next page. Please click below.
<hr class="system-pagebreak">
Here are the five lessons for every renovator to takeaway from this episode of The Block
<ul>
<li>Functional and stylish – don’t forget both elements</li>
</ul>
There’s no point making something beautiful if it can’t be used in the way intended. Renovators should consider how a room is used as well as how it looks.
Storage, access and use are just as crucial as giving something a contemporary, high end and luxury look.
<ul>
<li>Be firm with your suppliers</li>
</ul>
Many couples were faced great difficulty trying to get the cabinetry from their suppliers, leaving some installing it 45 minutes before completion time.
Some strict words did assist with speeding up the process. It’s crucial to let your suppliers know your expectations. Leave plenty of time as a buffer for any delays.
<ul>
<li>Budget</li>
</ul>
While this time round the majority of the couples did well with their budgeting, Carline managed to max out their credit card earlier on in the piece by overspending on pricey fabric and making other extravagant purchases.
Budget ahead of time, know where the bang for your buck items are. Think smartly about your spending choices. Some DIY furniture saved Michael and Carline in the end, using timber that was on site, however it could have worked out far worse.
<ul>
<li>Find a focal point</li>
</ul>
The couples that did the best knew to focus on a “wow” factor, and focus the room around that point. Those that missed out dressed either all of their room too much (such as Chris and Jenna with too many plants) or not enough.
Think of the point of difference – a clever skylight, or a canopy bed – and enhance this with your styling.
<ul>
<li>Teamwork</li>
</ul>
Communication and strong team work are crucial when you’re suffering from lack of sleep, structural issues and a short time period. Many couples were unable to make decisions between them, or to trust each other to make choices. It’s crucial to stay in touch, to know whose is responsible for which task and to choose who will do what.
A level headed approach also helps, with Shannon and Simon having a couple of issues with trusting each other but in the end managing to keep positive and good humoured despite all the problems.
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jduke-EHk3XBmHkn

The Block Glasshouse: Functionality crucial as study and guest bedroom revealed

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The Commonwealth Bank has cut mortgage rates on its most popular home loan term, three-year fixed mortgage rates.
The country's biggest home loan lender cut its three-year rate by 15 basis points to 4.94%, equalling NAB and ANZ.
The CBA has also cut its less four-year rate by 50 basis points to 5.09% after <a href="/expert-insights/finance/nab-and-westpac-meet-cbas-rate-cut">cutting its five-year fixed rates to a record low</a> last month.
Since the bank rate cuts last month, the share of new mortgage customers taking out a fixed rate loan had increased from 13% to around 20%. 
The CBA has record numbers locking in the five-year fixed rate loan at 4.99%.
All big four - and smaller lenders - reduced their five-year fixed mortgage rates last month to record lows below 5%, with a high impact on the market as borrowers seek to lock in low rates.
Westpac's head of home ownership, Melanie Evans noted new loans with a fixed element had moved up to 30%, from 15%-20% prior.
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jchancellor-FAypfDUnLy

CBA cuts three-year fixed rates to 4.94%

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Swann House at 22 William Street, Melbourne, has been sold by Kliger Wood Real Estate for $21.6 million.
Chinese interests secured the property after 140 plus enquiries were received from Asian, Middle Eastern and local investors.
Kliger Wood director Eugene Wood says the purchaser was a Chinese group with other recently acquired holdings in the Melbourne CBD.
The 10 level commercial office building on the corner of William Street and Flinders Lane has a gross building area of 7,000 square metre with a net building area of 5,700 square metre.
The building, which is about 90% leased at present to show a net income of $1,328,000, was marketed with potential hotel or residential conversion.
Eugene Wood gave no indication on buyer intention.
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Swann House, Melbourne sold for $21.6 million to Chinese buyers

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Queensland’s tourism centres, including the Gold and Sunshine coasts, have shown further signs of buyer confidence returning to markets that were among Queensland’s worst performers in years.
The average time on market for the Gold Coast region has dropped 35 days from the June 2013 quarter, to sit at 74 days.
Vendor discounting has dropped from 12.9% for the June quarter last year to 6.1%, according to the Real Estate Institute of Queensland (REIQ) Housing Market Review for the June quarter.
The Sunshine Coast has seen similar improvements, with the average time it takes to sell a house dropping from 117 days to 91 days for the June quarter.
The Sunshine Coast's required vendor discounting on private treaty offerings now sits at 6%, down from 13% in the same quarter last year.
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Gold Coast and Sunshine Coast property markets on the improve: REIQ

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Investors have paid $2,375,000 to buy The Block Albert Park apartment caught up in the Australian Federal Police seizure of assets of the former NAB broker Lukas Kamay.
Kamay, who has been accused of using confidential Australian Bureau of Statistics data to make $7 million in profits by trading in fluctuations in the Australian dollar, paid $2,375,000 at The Block auction in April.
But the purchase did not proceed to settlement.
The replacement buyers have <a href="https://www.realestateview.com.au/rental-properties/3-47-o-grady-street-albert-park/Property-Details-rent-residential-7434337" target="_blank" style="line-height: 1.3em;">the apartment now advertised for rent at $2,500 a week through </a><a href="https://www.realestateview.com.au/rental-properties/3-47-o-grady-street-albert-park/Property-Details-rent-residential-7434337" target="_blank">Dingle Partners</a>.
An Albert Park couple Paul and Susan Hawking now own the apartment decorated by Adelaide twins Alisa and Lysandra Fraser.
Following Lakas Kamay’s arrest in May and with settlement yet to occur, The Block’s production company Watercress Productions secured the replacement sale at the same price, $2,375,000.
The runner-up twins, Alisa and Lysandra achieved<a href="https://www.dinglepartners.com.au/index.cfm?pageCall=property&amp;propertyID=2618525" target="_blank" style="line-height: 1.3em;"> a massive $616,000 above the reserve of $1.759 million</a>. 
The three bedroom apartment was marketed for Alisa and Lysandra, the former SA police officers, by the Melbourne CBD agents, Anton Wongtrakun and Rochelle Wilson from Dingle Partners.
The twins were not the overall winners, so it did not affect the final result of the television renovation gameshow, and did not affect their payout as the outcome of the auction night are likely to be honoured by Watercress and Channel 9.
Kamay had secured the apartment as an investment property as Dingle Partners had it listed as available with a $2,500 weekly asking price, reflecting a gross 5.4% rental yield in May. 
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Investors secure The Block Albert Park resale after sales collapse

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Rose Manor, a new luxury townhouse development in Liverpool, Sydney now only has just two remaining for sale, after two weeks of sales.
It is a small townhouse development, with nine offerings. The remaining are both three bedrooms. 
There were five 2 bedrooms and four 3 bedrooms. The two bedrooms started at $429,000 and the three bedrooms start from $544,000.
<img src="/images/2014/08/18/liverpool-aug-18-one.jpg" alt="">
Investors and owner-occupiers from all across the city were the Rose Street buyers through Sam Elbanna from CPM Realty.
RP Data puts the house median in <a href="/news">Liverpool</a> at $517,000 and units at $315,000.
The recently announced airport at <a href="/news">Badgerys Creek</a> and the local hospital redevelopment had prompted property investors interest, Sam Elbanna noted.
<img src="/images/2014/08/18/liverpool-aug-18-two.jpg" alt="">
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Liverpool townhouse Rose Manor secures strong buyer interest

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It’s actually quite embarrassing to read some property market commentaries, given that some believe a market crash would be a service to the Australian economy.
There is a significant problem in that commentators are struggling to identify the difference between an investor and a home buyer – for example NSW real estate investors now make-up approximately 50% of the Australian property investor market. This is what happens when you have a record low cash rate and a share market that still has “mum and dad” investors sceptical – hence real estate has become the preferred investment vehicle.
The International Monetary Fund (IMF) recently reported that Australia (based on income ratios) had the third most overvalued property market in Quarter 4, 2013. So we need to analyse the cause much more closely.It’s very hard to go past negative gearing. A recent IMF report revealed that three countries that strongly favoured negative gearing investment – Australia, New Zealand and Canada – were all ranked in the top four most overvalued real estate markets globally.
For the majority closely watching the property markets, the major problem is that we are seeing “autopilot investing” where investors simply follow trends and jump straight in without the required due diligence. With so much being written about “that” inevitable crash, there very well may be a soft landing as the demographic market under the greatest scrutiny is the investor market – which must not be confused as the home market.
When Australia introduced its capital gains tax back on September 20, 1985 (yes, 30 years ago next year) there were calls that this would decimate the investment markets, which turned out to be not the case. If you look at the property market now approximately 90% of the market would attract capital gains tax. Any changes to negative gearing legislation would be retrospective (as all previous taxes were) so the current investors would qualify, so that is one redeeming factor.
<a href="https://www.rwm.com.au/files/2014/08/12-08-2014-3-48-17-PM.jpg"><img class="aligncenter size-full wp-image-104645" src="https://www.rwm.com.au/files/2014/08/12-08-2014-3-48-17-PM.jpg" alt="12-08-2014 3-48-17 PM" width="632" height="276"></a>
With the Murray Financial System Inquiry now all but complete, many will anxiously await the handing down of the tax white paper where it is all but guaranteed that negative gearing and capital gains tax will be front and centre. In fairness, most would agree that this white paper is not before time, although we also must remember that investing in Australian real estate is also part of our culture unlike so many other countries where renting is the preferred option.
You can’t keep comparing the Australian real estate markets to the USA given it was well documented that a major contributor to the global financial crisis (GFC) was subprime, where the lenders had absolutely no recourse, compared to Australia where the lenders recover/bankrupt the respective parties in the event of serious default. It should also be remembered that during the GFC, <a href="/news">Mosman</a> was identified as the number one contender for the highest delinquencies – yet it turned out to record one of Australia’s lowest delinquency rates.
We have also seen (for those bothering to apply) the Foreign Investment Review Board (FIRB) record for the past three quarters to March unprecedented approvals which surged 93%. A problem is this is mistakenly confused with the home markets where the traditional markets would struggle to get a bronze medal (if such an award existed) given the top end markets are still struggling. The Asian buyers have now come to the realisation that they paid over the odds so again we are seeing more caution from that demographic.
If you look closely at the home market over the past two months in the majority of instances the stock levels have been at all-time lows, which is hardly a sign of a bubble. We expect this to change as we enter spring where we expect to see a much stronger home market, although the definition of strong still remains to be determined.
We can expect to hear how that little bubble has again evolved into a massive tsunami – where an impending property collapse is just moments away. Of course there is just the one problem with that analogy, home owners follow their demographic property markets closer than many give them credit for.  Only when you start to see supply reaching unprecedented levels would you have a justifiable reason for concern.
When I hear someone discussing the “tsunami bubble” I always respond: why is not reflected with current supply levels? Naturally, the response is that all property owners are on “autopilot ignore”. This obviously must be the case, although they quickly forget that whenever a real estate agent makes a sale they are letter-boxing that demographic market almost immediately – so that destroys that argument.
The only things holding back the home market is that “autopilot owners” aren’t that impressed with the prices so they’re staying put (for the moment). What happens next is anyone’s guess.
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robertsimeon-hRNTwJyXkQ

"Autopilot investing" a major problem for the property market

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One of the best pieces of advice I've received as a property investor is to "follow the jobs growth".
Australia is in the midst of a significant structural shift towards knowledge and services based industries and the data shows that increasingly jobs growth, population growth and economic output is flowing to the centre of our major capitals.
With just over 60% of Australia's population located in the five largest capital cities it might seem reasonable to expect that around 60% of jobs created would be in those five largest capital cities too.
However, this is nowhere near being the case as this week's <a href="https://www.abs.gov.au/ausstats/abs@.nsf/mf/6291.0.55.001" target="_blank">Detailed Labour Force</a> data from the Australian Bureau of Statistics confirmed.
Over the years our analysis shows that jobs growth has been much stronger in the five largest capital cities at well over 70% of the total for their respective states.
And over the past five years, of the jobs growth in New South Wales, Victoria, Queensland, Western Australia and South Australia, some 77.4% of the jobs added have been in the capital cities, with only regional Queensland contributing significantly.
Not only is there a structural shift afoot in favour of capital cities and centralisation, our analysis of the data below shows that the trend is actually now accelerating.
Full-time employment growth
Looking at full-time jobs growth over the long-term we can see that while regional New South Wales has added jobs until relatively recently, the overwhelming majority of employment growth has been in the capital cities:
 <img src="https://3.bp.blogspot.com/-dt8z9s3UOG4/U_B05mGAQMI/AAAAAAAAPQ4/9Tm5vYiGNrM/s1600/a.jpg">
In the other states we expect to see something similar playing out, with one exception: Queensland.
Queensland is home to some large and growing conurbations outside Brisbane including Gold Coast/Tweed Heads, Sunshine Coast, Cairns, Toowoomba and Townsville, for example, and as such the rest of state figures for Queensland have tracked relatively strongly. Not so elsewhere...
 <img src="https://3.bp.blogspot.com/-1tKh0E-aoNw/U_B07TRQUcI/AAAAAAAAPRU/_i04FRUITmA/s1600/b.jpg">
Total employment growth 
In recent times many jobs added are not of the full-time variety and therefore we have run the same charts for total employment growth over the long run. Note that regional Victoria has added more part-time jobs, but still it is the capital cities which overwhelmingly lead the way.
 <img src="https://2.bp.blogspot.com/-uHIgsX1gC1g/U_B03-q19FI/AAAAAAAAPQo/p3i7sUidN8E/s1600/1.jpg"> 
And it's a similar story in the other states. 
 <img src="https://1.bp.blogspot.com/-AxBZkLXhp2k/U_B04C2vmyI/AAAAAAAAPQk/YJCm3-l5Buo/s1600/2.jpg"> 
These figures are sometimes easier to interpret in a column chart, and here the evidence in favour of Australia's increasing dependence upon its capital cities for total employment growth and prosperity is compelling (click chart):
 <img src="https://3.bp.blogspot.com/-GpnmuqCiJ3c/U_B04DvW1aI/AAAAAAAAPQg/bsf_ncP_K1M/s1600/3.jpg"> 
We note that jobs growth in regional Australia has stalled, and with the mining construction boom transitioning into the production phase, this trend is likely to become worse rather than better.
Unemployment
Finally, we note that employment growth is not yet occurring fast enough in this cycle to offset population growth in the capital cities and thus the trend in unemployment is up.
 <img src="https://2.bp.blogspot.com/-d5ufWNhUMmM/U_B05okGE_I/AAAAAAAAPRA/yXtI3XyDhvM/s1600/5.jpg"> 
Our analysis of population growth in the 'rest of state' regional areas over recent years has shown the growth in regional population to be comparatively weak, and therefore unemployment should not be rising. However, regional jobs growth in Australia has almost totally stalled and the the recent unemployment trend is therefore still up in most cases. 
 <img src="https://2.bp.blogspot.com/-d5ufWNhUMmM/U_B05okGE_I/AAAAAAAAPRA/yXtI3XyDhvM/s1600/5.jpg">
In short, the capital cities are increasingly becoming the job and population growth magnets, and as the data continues to show, this is becoming more and more so the case as the years progress.
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pwargent-M4siyDbqQY

Structural shift towards capital city employment accelerates

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Wellings, one of the oldest estates in Sydney's inner west, was passed in on a $9 million vendor bid at auction today.
The eight-bedroom estate had been<a href="https://raywhiteburwood.com.au/nsw/burwood/1166145/" target="_blank"> </a>listed by Janeta Biviano of Ray White Burwood, <a href="/news/wellings-the-hidden-gothic-burwood-offering">with a reported well inexcess of $6 million initial price guidance</a>.
Gasps came from the 300 strong crowd who attended the onsite auction after the $9 million vendor bid.
There had been claps at the opening - and only - $6 million bid which was followed by a 12 minute period when the agent unsuccessfully sought higher offers from another two parties.
It was among the 435 weekend auctions with agents reporting an initial clearance rate of 82%, against a revised 75% in the prior weekend. 
Wellings had been listed for Ray White auction by artisans Frank and Marcellina Civardi, of Civardi Furniture.
They had secured the 3,679 square-metre Burwood estate in 1990 for $900,000 when it was unliveable.
Heritage architect Lester Tropman helped restore the gothic-style villa which dates back to 1813.
It was first officially recorded in the 1830s as owned by London shipowner William Richards and extended over the year starting from 1860.
The Burwood median house price sits at a record $1.42 million, <a href="/news">according to RP Data</a>. The suburb record sits at around $4.1 million.
Wellings is located at 4 Woodside Avenue East on 3,679 square metres, with not only the main residence but also The Gatehouse.
The three-bedroom gatehouse is one of the first pre-fabricated homes in Australia.
The gatehouse was made in Hamburg, then exhibited in Paris in 1854 before it was imported for the French Consul General's residence in Hunters Hill, Passy.
It was moved to Wellings in 1967 by former owner Dr Lindsay Grant and his wife, Adeline (nee Agnew).
"It's been finished to the eleventh degree," the auction suggested.
The estate featured in the 2005 movie, Son of Mask.
On its listing Mrs Biviano advised the market "will play a significant role in determining the value of the property."
“There aren’t any comparable properties in the area - Wellings is truly the only estate of its kind,” she said.
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$9 million vendor bid for Wellings, Burwood stuns auction crowd

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Stockland Group has accepted Frasers Centrepoint’s offer to acquire its 19.9% holding in Australand.
Stockland will sell its holding of 113 million Australand shares at $4.48 a security.
The property group will net more than $80 million from the transaction.
It comes eight days after Frasers secured its effective takeover of Australand with around a 56% acceptance when the initial deadline fell.
“We have been disciplined with our investment in Australand with a clear strategic intent and view of value, and are pleased to have achieved a significant profit,” Stockland chief executive Mark Steinert told the stock exchange today.
The group plans to reinvest back into medium density residential and mixed use projects, and to grow its string of logistics and business parks.
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Mark Steinert recently announced the appointment of two new executives to its executive committee, with its Chief Investment Officer, and Group Counsel and Company Secretary, elevated to the executive team.
Darren Rehn has been appointed Group Executive and Chief Investment Officer with responsibility for capital transactions, capital partnering and business development activities. 
Mr Rehn joined Stockland as Chief Investment Officer in October 2013. 
Katherine Grace has been appointed Group Counsel and Company Secretary, coming with over 15 years’ experience including several years at Westfield Retail Trust. 
Phillip Hepburn, who has served as Stockland Group Counsel and Company Secretary since 2001, will be leaving Stockland.
Stockland’s executive committee will now comprise Mr Steinert and the following executives: 
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  Stephen Bull – Group Executive and CEO Retirement Living 
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  Katherine Grace – Group Counsel and Company Secretary 
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  Tiernan O’Rourke – Chief Financial Officer 
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  Darren Rehn – Group Executive and Chief Investment Officer 
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  Michael Rosmarin – Group Executive and Chief Operating Officer 
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  John Schroder – Group Executive and CEO Commercial Property 
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  Simon Shakesheff – Group Executive Strategy and Stakeholder Relations 
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  Andrew Whitson – Group Executive and CEO Residential 
 
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