<a href="https://www.apartments.com.au/developers/jl-place">JL PLACE</a>'s Veil Brighton is approaching its final months of construction, with the nine-townhouse development at 17 Rooding Street expected to complete in December 2026.

The milestone is bringing the boutique project closer to becoming a finished part of the <a href="https://www.apartments.com.au/developments/brighton-vic-3186">Brighton</a> streetscape, with much of Brighton's everyday amenity within a short walk.

Palace Cinema, Coles Supermarket and North Brighton Station are all around five minutes on foot from <a href="https://www.apartments.com.au/new-townhouses/veil-brighton-17-rooding-street-brighton-vic-3186">Veil</a>, alongside numerous cafés, restaurants and bars. The station provides a direct rail connection toward Melbourne's CBD, while Bay Street and the wider Brighton retail and dining network add to the range of services accessible without relying on a car for every trip.

"The location was fundamental to the project. Brighton is an established suburb where many buyers already have strong connections to the area and want to remain close to the people, places and amenities that form part of their everyday life," the developer said.

"Veil sits in a highly walkable part of Brighton, with a Walk Score of 90/100."

For buyers looking to right-size within Bayside, that level of walkability adds to the appeal of a more manageable way of living. Everyday shopping, dining, entertainment and public transport can be accessed without relying on the car for every trip, while residents remain connected to the places and routines that make Brighton familiar. It allows buyers to simplify day-to-day life without giving up the convenience, amenity and connections they already value.

[smartcode_project:default project_id=7877 project_image_fid=355754]

As completion approaches, the architecture, landscaping and material palette are progressively becoming visible on site, giving prospective purchasers a clearer view of the finished development beyond its plans and renders.

Veil comprises nine townhouses, predominantly three-bedroom homes with between 2.5 and 3.5 bathrooms, two car spaces and, depending on the residence, study areas and private outdoor space. Selected homes include a bedroom on the ground floor.

Veil occupies a middle ground between detached housing and apartment living, retaining private gardens, storage and secure parking within a more manageable residential format.

<a href="https://www.apartments.com.au/architects/schmidt-pang-architects">Schmidt &amp; Pang</a> designed the architecture around natural light, ventilation, privacy and practical use of space. From Rooding Street, the façade has been composed to read as a cohesive residential building rather than nine individual townhouses, with landscaping by <a href="https://www.apartments.com.au/landscape-architect/john-patrick-landscape-architects">John Patrick Landscape Architects</a> integrated throughout the site.

Inside, natural stone, oak flooring, integrated joinery and brushed nickel finishes establish a restrained material palette, while kitchens include Miele appliances and substantial storage such as pantries. Walk-in robes and dedicated study spaces have also been incorporated across the collection.

[smartcode_project:default project_id=7877 project_image_fid=355852]

The project team said the planning of the homes has been informed by how the spaces function for both daily routines and larger gatherings.

"Our new homes owners at Veil have enjoyed the attention to detail in creating efficient layouts that use every space well. Hosting Christmas lunch and large family gatherings is an ease when care is taken to consider how people really live and entertain."

Private landscaped gardens extend the living spaces outdoors, while secure basement parking and bicycle parking are provided below. The homes have also been designed to achieve a 7-star energy rating, supported by double glazing, high-quality insulation, natural ventilation, LED lighting, water tanks and water-efficient fittings. Each residence is backed by a 10-year building guarantee.

Veil is being built by <a href="https://www.apartments.com.au/builders/jeniton">Jeniton</a>.&nbsp;Limited-time stamp duty savings are also currently available on selected purchases at Veil, adding another consideration as the project moves toward completion.

[smartcode_project_cta:default project_id=7877]

Joel Robinson

Veil Brighton nears completion in one of the suburb's most walkable pockets

<a href="https://www.apartments.com.au/developers/mosaic-property-group">Mosaic Property Group</a> has recorded 134 sales worth just over $400 million in two months of pre-release activity at The Riversdale, as the developer brings its $750 million South Brisbane riverfront project to the broader market.

The sales represent more than 60 per cent of the project's 213 apartments, with Mosaic reporting the majority of purchasers have been local owner-occupiers and downsizers.

<a href="https://www.apartments.com.au/new-apartments/the-riversdale-by-mosaic-south-brisbane-91-montague-road-south-brisbane-qld-4101">The Riversdale</a> will rise 39 storeys from its north-facing site at 91 Montague Road, delivering a mix of two, three and four-bedroom apartments alongside a collection of Mosaic's premium Masterpiece Series Sky Homes.

[smartcode_project:default project_id=151614 project_image_fid=371872]

The early buyer response comes ahead of the wider evolution of the northern end of Montague Road, where The Riversdale will be one of the first major residential projects delivered within an emerging riverfront precinct.

Directly adjoining the development is a planned 7.1-hectare mixed-use precinct, set to introduce new residences, parkland and public realm along the river's edge. The Riversdale's position directly on the Brisbane River gives it a relationship with the waterfront that Mosaic says cannot be replicated by future buildings within the precinct.

The site is also the result of a years-long pursuit by Mosaic. The developer first earmarked the <a href="https://www.apartments.com.au/developments/south-brisbane-qld-4101">South Brisbane</a> property in 2018, reflecting what Founder and Managing Director Brook Monahan has described as a deliberately patient approach to acquiring development sites.

[smartcode_project:default project_id=151614 project_image_fid=372083]

"We aren't opportunistic," Monahan previously told Apartments.com.au.

"Every site purchase is carefully considered. As seen with Kangaroo Point and South Brisbane, it can take years to eventuate. There are sites we're looking at now that we may not secure for several years."

Designed in collaboration with <a href="https://www.apartments.com.au/architects/bureauproberts">Bureau Proberts</a>, The Riversdale has been shaped around the qualities of the riverfront site, with apartments oriented to capture northern light and uninterrupted Brisbane River views.

Generous floorplans and expansive balconies extend the living spaces towards the river, while natural materials and a restrained interior palette have been selected with longevity in mind.

[smartcode_project:default project_id=151614 project_image_fid=371890]

Residents will have access to a level of amenity more commonly associated with world-class hotels and private members' clubs, with almost 3,000 sqm dedicated to wellness, connection, recreation and everyday convenience.

At ground level is a business lounge, private meeting rooms and dedicated workspaces. Mid-tower is a wellness sanctuary featuring magnesium hot and cold plunge pools, sauna, steam room, infrared therapy facilities, a Pilates and yoga studio, and a commercial-grade gymnasium.

Crowning The Riversdale is a rooftop featuring a 35-metre swimming pool with lap lane and spa, outdoor dining and seating terraces, firepit lounges and views of the city, river and Mount Coot-tha.

A private members' club-inspired retreat offers private dining rooms, a whisky lounge, media rooms and immersive entertainment experiences. Completing the amenity offering are two hotel-style guest suites and a resident-exclusive electric vehicle fleet and car-share program.

[smartcode_project:default project_id=151614 project_image_fid=371877]

The Riversdale sits at the northern end of Montague Road between South Bank and West End, around 1.3 kilometres from the Brisbane CBD, providing access to the city's major cultural, dining and recreation precincts.

It becomes Mosaic's largest Brisbane project to date and adds to a pipeline already under construction across the city.

In Brisbane, the developer is currently delivering The Bedford and The Carter at Kangaroo Point, both of which are approaching sell-out, with a further four projects being delivered on the Gold Coast. Mosaic has completed more than $2 billion in projects since 2012 and has a further development pipeline exceeding $2 billion across South East Queensland.

Early works are underway at The Riversdale, which will be delivered by Mosaic's in-house construction division. Completion is anticipated in late 2029, with remaining apartments priced from $1.98 million.

[smartcode_project_cta:default project_id=151614]

Mosaic records more than $400m in two months at South Brisbane's The Riversdale

Lender, fund manager and apartment developer Princeton has completed <a href="https://www.apartments.com.au/buildings/marque-rockdale-602-608-princes-highway-rockdale-nsw-2216">Marque Rockdale</a>, the first new apartment development in South Sydney to provide its owners with a 10-year Latent Defects Insurance policy, the most comprehensive insurance available for a new apartment building.

The policy has been a key consideration for prospective purchasers of the 58 one-, two-, and three-bedroom apartments, strategically located between&nbsp;Rockdale Plaza and Rockdale Station.&nbsp;

Buyers have also been drawn to the fact that it is one of few new apartment developments delivered in the suburb in the last 10 years, and the only one located on Princes Highway to be set well back from the street to reduce noise. There's also a communal rooftop, a rarity in the suburb, complete barbecue facilities, landscaped seating areas, a children's play zone and herb gardens.

[smartcode_project:default project_id=136442 project_image_fid=374084]

Ray White Projects’ Matt Otway said buyer enquiry reflected the increasingly diverse and cosmopolitan population that has made Rockdale home.

“We’re seeing strong interest from a broad mix of buyers, including young professionals and people who have rented in Rockdale and the surrounding suburbs and now see Marque as an opportunity to buy a brand-new apartment in an area they already know,” Otway said.

“Proximity to the CBD and Sydney Airport is another key advantage particularly for buyers working in these locations who want the added convenience of living close by.”

Investors have also been attracted to the project, with rental yields of more than five per cent, which is considered a strong result for the Sydney market.

[smartcode_project:default project_id=136442 project_image_fid=374090]

Adding another layer to the buyer proposition is Marque's 10-year Latent Defects Insurance policy from Resilience Insurance, making it the only new apartment development in Rockdale to offer the cover.

The policy protects apartment owners against major structural and waterproofing defects for 10 years following completion, giving Marque purchasers cover until early 2036 at no additional cost.

The likelihood of defects emerging has also been mitigated through the Technical Inspection Service (TIS), which saw independent experts inspect the building at various stages throughout construction to identify potential issues during the build, rather than after the fact.

SDSS, which provided the TIS, consistently ranked the construction quality at Marque, undertaken by iCIRT-rated builder Coplex, among the best across its extensive portfolio of projects.

[smartcode_project:default project_id=136442 project_image_fid=374088]

Otway said the LDI had become a major drawcard for buyers, particularly given Rockdale has seen relatively little new apartment development over the past decade.

"Rockdale hasn't had a lot of new apartment buildings in the last decade, and has never had a project with 10-year defect insurance," Otway said.

"Marque presents a truly rare opportunity at an affordable price point, so well connected to the Sydney CBD."

One-bedroom apartments at Marque start from $735,000.

[smartcode_project_cta:default project_id=136442]

Marque Rockdale completes as South Sydney’s first apartments backed by 10-year defect insurance

Sydney developer <a href="https://www.apartments.com.au/developers/odus">ODUS Property Group</a> is continuing to expand its local Gold Coast development pipeline, filing plans for a new 40-storey tower in the Southport CBD.

Odus, which bought two luxury Main Beach projects, now La Mer and Le Reve, to make its move into the booming Gold Coast apartment market, has secured its third site. But it is tweaking the plans for a previously proposed 50-storey skyscraper, now seeking to deliver 40 storeys.

The project, dubbed <a href="https://www.apartments.com.au/new-apartments/80-marine-parade-74-80-marine-parade-southport-qld-4215">80 Marine Parade</a>, sits on a prime&nbsp;2,032 sqm amalgamated corner site at 74–80 Marine Parade and 4 Welch Street, across the road from the Gold Coast Aquatic Centre. It will have unobstructed, never-to-be-built-out views to the east given its position opposite the Broadbwater Parklands.&nbsp;

The plans are for 316 apartments, ground-floor retail, and resort-style resident amenities. The project sits within Precinct 1 (Central Business District) of the Southport Priority Development Area, where high-density residential and commercial development is actively encouraged.

BGD, ran by Bayden Goddard and the architecture firm behind Le Reve, has revised the original concept plans, substantially reworking the built form. Basement parking has been replaced by an expanded podium designed to improve functionality while reducing the tower's overall visual impact.&nbsp;&nbsp;

<img alt="First look: Odus Property Group plots landmark 40-storey tower for Southport's Broadwater gateway" data-entity-type="file" data-entity-uuid="0f13d065-2cf5-45ec-aa17-1a03754d93d8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Southport%20da%202.png?VersionId=.9QS2n7kBc_U3PyaI247uOyNSXIqnXSE" />

The tower rises above the eight-storey landscaped podium with a distinctive architectural language defined by sweeping arches, integrated greenery, bronze-toned glazing, and a sculptural rooftop crown.

The development will comprise 104 one-bedroom apartments, 208 two-bedroom apartments, and four four-bedroom penthouses across levels 9 to 36. Apartments are designed to accommodate both permanent residents and short-term accommodation within the same building.

A double-height lobby and reception will anchor the ground floor alongside a 23 sqm food and drink outlet, activating the Marine Parade frontage.

Parking will be accommodated within the podium, providing 288 vehicle spaces and 74 bicycle spaces, accessed from Welch Street.

<img alt="First look: Odus Property Group plots landmark 40-storey tower for Southport's Broadwater gateway" data-entity-type="file" data-entity-uuid="d7528b91-2c47-4094-98b3-5eecbacc0041" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Southport%20da%20podium.png?VersionId=efF5oWs4T9PDvxJwJEDHu5kSQ5eE3IBy" />

Residents will have access to an extensive suite of amenities spread across multiple levels. A podium recreation deck will include a swimming pool, spas, sauna, steam room, cinema, residents' lounge and children's games room, while a second wellness level near the top of the building will feature a gym, co-working spaces, reading room, dining areas and communal kitchen. Extensive podium landscaping wraps the building to soften the built form and strengthen its interface with the surrounding streetscape.

The planning report notes the project responds directly to Southport's ongoing urban transformation.

"Consistent with much of Southport, the surrounding area is undergoing significant transition, with many older low-rise developments progressively being redeveloped for higher-intensity urban outcomes, as envisaged within Precinct 1."

It also states that the proposal "will contribute to a defined and legible eastern gateway to the Southport CBD, reinforcing the area's high-density urban character while maintaining a strong visual connection to the adjoining public open space network."

<img alt="First look: Odus Property Group plots landmark 40-storey tower for Southport's Broadwater gateway" data-entity-type="file" data-entity-uuid="0b9fdebd-4b35-400b-a287-6bd1cdbcdb1b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Southport%20da.png?VersionId=4LG35XR5mfir7jvG2TShtQx.utMLYBxu" />

Located opposite the Broadwater Parklands, the site enjoys immediate access to the Gold Coast Aquatic Centre, Australia Fair Shopping Centre, TAFE Queensland Southport campus, the G:link light rail corridor and Southport's established commercial precinct. The location places future residents within one of the Gold Coast's fastest-evolving mixed-use centres, where numerous high-rise residential projects are reshaping the CBD skyline.

Odus is headed by development professionals Byron Sakha, Jarrod Younan and Sebastian Younan. The Younans also head family-owned builder Nazero Constructions, established in the 1960s.

They are currently delivering La Mer, 24 luxury apartments on Main Beach Parade, and Le&nbsp;Rêve, on the same street but on the prized beachfront side of the sought-after strip.

ODUS plans landmark 40-storey tower for Southport's Broadwater gateway

A boutique collection of just 10 residences could become the catalyst for the next phase of renewal along the southern end of Surfers Paradise Boulevard, with new plans laid for a mixed-use tower designed to transform a long-vacant site.

The proposal for <a href="https://www.apartments.com.au/new-apartments/3098-surfers-paradise-boulevard-surfers-paradise-qld-4217">3098 Surfers Paradise Boulevard</a> has been conceived as more than a standalone residential project. Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, the development aims to spark the revitalisation of what the design team describes as the "South Boulevard" precinct, creating an active streetscape with retail uses at ground level beneath a collection of full-floor luxury residences.

The application, by PR Property Holdings, an entity directed by the Brisbane-based Ryan and Petrovic families, seeks approval for a 17-storey, 62.2-metre mixed-use development on a compact 427 sqm site between Surfers Paradise Boulevard and Appel Street.

The project will comprise just 10 apartments, including eight full-floor residences and two duplex apartments, positioned above a two-level retail podium. Three podium parking levels will accommodate 26 vehicle spaces, while a recreation deck is proposed on Level 4.

<img alt="First look: PR Property Holdings plans boutique apartment tower to kickstart Surfers Paradise's 'South Boulevard' revival" data-entity-type="file" data-entity-uuid="46cfa37d-5051-4449-8d8e-6724f8ca0d59" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_8.png?VersionId=e7UkeV1eTZAC2lXhdq72E3jpUbwiFD2t" />

Rather than pursuing apartment volume, the proposal focuses on large-format homes with a slender tower form intended to maximise outlooks while limiting visual bulk.

BDA Architecture said the proposal has been designed to become an urban renewal catalyst for the precinct.

"The ambition of 3098 Surfer's Paradise is that it provides the catalyst for incremental infill redevelopment and upgrade of what is coined the 'South Boulevarde' of Surfers Paradise which connects to the beating heart of Cavill Avenue."

The architects added: "An incremental approach to development that provides quality ground plane interface, human scale design, integrated subtropical landscape and semipublic permeable frontage can over time entirely upgrade a precinct."

The architecture adopts soft curves, articulated balconies and a slender tower profile rising from a human-scaled podium. The design report describes the project as delivering "bespoke residences of enduring distinction, sculpted with precision and quiet sophistication," with a focus on timeless coastal architecture.

The application also includes retail tenancies addressing Surfers Paradise Boulevard, reinforcing the site's role as an active mixed-use destination rather than a purely residential address. The planning report states the combination of the podium, landscaping and active frontage is intended to strengthen the pedestrian experience while contributing to the evolving character of the boulevard.

The site occupies a prominent position in the southern section of Surfers Paradise, directly opposite the G:link light rail corridor and within walking distance of Surfers Paradise Beach, Cavill Avenue, the Nerang River and Bruce Bishop Car Park. It is currently vacant, having previously accommodated a single-storey commercial building that was demolished in 2022. The planning report notes the surrounding area is characterised by a mix of commercial buildings and residential towers, with unlimited building height provisions applying under the Centre Zone.

The proposal also replaces an earlier 2022 approval for a restaurant and bar on the site, instead introducing a permanent mixed-use development that combines retail activation with boutique residential living.

Boutique apartment tower to "kickstart" Surfers Paradise's 'South Boulevard' revival

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

For most Australians, buying an apartment is one of the biggest financial decisions they'll ever make

The location, floorplan and price are often the first considerations, but in recent years another question has become increasingly important: who is actually delivering the project?

A series of high-profile builder collapses, construction delays and defect concerns have fundamentally changed how many Victorians approach buying off the plan. The collapse of Porter Davis in 2023, which reportedly left around 1,700 homes unfinished, became one of the most visible examples of the risks that can emerge when a construction company fails. <a href="https://www.equifax.com.au/sites/default/files/lpassets/pdf/Final-Business-Market-Pulse-June-Sector-Deep-Dive-Report-2.pdf">Similar challenges across the broader construction sector</a> have left buyers asking more questions before signing a contract.

As Victoria continues encouraging higher-density housing to address supply shortages, transparency is becoming just as important as location or price.

One tool increasingly entering the conversation is the <a href="https://icirt.com/">Independent Construction Industry Rating Tool (iCIRT)</a>, an independent assessment framework designed to help buyers better understand the developer or builder behind a project. Originally developed by Equifax in consultation with government and industry as part of NSW's Construct NSW reforms, the system has since expanded nationally.

<h2 data-end="1519" data-section-id="7nmx3" data-start="1492">What is an iCIRT rating?</h2>

Most Australians are familiar with independent ratings in everyday life.

We compare ANCAP safety ratings before buying a car. We look at Health Star Ratings in supermarkets. Banks rely on credit assessments when lending money.

Until recently, however, there has been very little independent information available to help apartment buyers assess the business responsible for delivering a residential project.

That gap is what iCIRT was designed to address.

Builders, developers and other construction professionals with an iCIRT rating have demonstrated high-trust characteristics through an independent, evidence-based assessment across six criteria: Character, Capability, Conduct, Capacity, Capital and Counterparties. This involves a rigorous review of financial health, past project track record, and ethical conduct. Crucially, an iCIRT rating could help provide property buyers with confidence that they are working with a professional who has demonstrated the capability, capacity, and willingness to return and rectify issues.

Importantly, iCIRT is not a recommendation to purchase a particular property, nor is it a traditional credit rating. It is an independent assessment framework designed to provide objective information about a construction business using a <a href="https://icirt.com/sites/default/files/2025-08/iCIRT-Methodology-Issue1-May-2021.pdf">published methodology</a>.

The system has been widely adopted in New South Wales, where more than one-third of medium and large residential builders and developers now hold an iCIRT rating, representing over two-thirds of the state's residential building market by value as of 2025/26.

<h2 data-end="3126" data-section-id="h6ohtj" data-start="3084">Why buyers are doing more due diligence</h2>

For many buyers, particularly those purchasing off the plan, the biggest risk isn't whether they'll like the kitchen finishes.

It's whether the project will be delivered on time, to the expected quality, and by a company capable of completing the development.

<a href="https://icirt.com/sites/default/files/2026-07/iCIRT%202025%20Consumer%20Survey%20Report%20v05.pdf">Consumer research commissioned by iCIRT</a> found more than half of respondents believed current protections do not adequately safeguard buyers from builder insolvencies or defective projects. Other research found 88 per cent of prospective buyers would seek independent ratings or due diligence before purchasing, while 90 per cent said trust in construction professionals is essential.

That doesn't mean buyers should rely on a single rating alone.

Independent legal advice, understanding the contract, and seeking financial advice all remain important parts of the due diligence process.

However, an independent assessment can provide another source of information alongside those traditional checks.

<h2 data-end="4138" data-section-id="pquzxc" data-start="4094">Trust is becoming a competitive advantage</h2>

The conversation isn't only changing for buyers.

Developers are also recognising that trust has become an increasingly important part of the sales process.

Five years ago, purchasers typically asked about floorplans, finishes and settlement dates.

Today, sales teams are increasingly being asked about the developer's experience, financial stability, previous projects and construction partners.

For companies with strong governance and established delivery records, an independent iCIRT rating provides another way to demonstrate those credentials before buyers even visit a display suite.

According to Equifax, the assessment can also help businesses drive sales and <a href="https://icirt.com/resources-for-business/icirt-rating-helps-scion-secure-high-value-projects">secure high-value projects</a>, as well as identify operational improvements and <a href="https://icirt.com/resources-for-business/mirvac-reinforces-brand-trust-and-quality-independent-icirt-rating">attract top talent</a>.

<h2 data-end="4962" data-section-id="1j54ng5" data-start="4912">Beyond buyers: lenders are paying attention too</h2>

The influence of independent construction ratings is also extending beyond consumers.

According to Stamford Capital's Real Estate Debt Capital Markets Survey, an increasing number of lenders now incorporate iCIRT ratings into their due diligence processes when assessing residential development finance applications.

The survey found lender adoption has continued to rise, with many respondents saying independent assessments provide additional insight into governance, counterparties and delivery capability beyond traditional financial analysis. Some lenders also reported declining funding applications where businesses had poor or no ratings.

As construction costs remain elevated and access to development finance becomes more selective, demonstrating credibility is becoming increasingly valuable.

<h2 data-end="5801" data-section-id="1qazuxs" data-start="5772">What it means for Victoria</h2>

Victoria's apartment market is entering a new phase.

The state is seeking to accelerate higher-density housing while simultaneously introducing reforms aimed at improving confidence in residential construction.

For buyers, that means there are more tools available than ever before to research the businesses behind a project.

For developers, it signals that transparency is becoming another point of differentiation in an increasingly competitive market.

Buyers are asking more questions than ever before and increasingly expecting independent information, not just marketing material, before making one of the biggest financial commitments of their lives.

Find out how to get iCIRT rated <a href="https://www.icirt.com/sites/default/files/2025-08/iCIRT-Infographic-Assessment-Process-Final.pdf">here</a>.

<hr data-end="6469" data-start="6466" />
The information contained in this article is general in nature and does not constitute personal, financial, legal or tax advice. It does not take into account your personal objectives, financial situation or needs. Therefore, you should consider whether the information is appropriate to your circumstances before acting on it and, where appropriate, seek independent professional advice.

This article contains links to third-party websites. These links are provided for convenience only. Equifax Australia does not control and is not responsible for the content, accuracy or privacy practices of external sites.

Copyright © 2026 Equifax Australia Information Services and Solutions Pty Ltd. All rights reserved.

Buying off-the-plan in Melbourne? How independent iCIRT ratings are set to change Victorian property

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Cheques could soon to be a thing of the past as more and more banks develop mobile banking apps.
Mobile banking lets you bank without a branch or computer. Most smart phones with an internet connection will let you keep track of your finances on the go with a range of products, tools, calculators and services to access your account on your mobile. You can find ATMs, branches or banker locations as well as online investing tools with some mobile apps.
What is mobile banking?
It’s a system that lets you, the customer of a financial institution, to process financial transactions through a mobile phone or device. This is not to be confused with contactless payments, which involves using the actual mobile device to pay for goods at services by ‘tapping’ it with another device. Mobile banking has been most successful with the iPhone and some Google Android devices.
What are the types of banking apps available on mobile?
Almost all financial institutions in Australia now have a mobile banking app that allows their customers to conduct their banking online. Here are the mobile banking apps that the big four have to offer;
<ul>
<li>
CommBank Kaching. Do your everyday banking basics like checking your account balances and transferring money. You can also pay anyone at anytime through your mobile, email or Facebook contacts. Login requires a 4-digit PIN instead of using your online banking password, and you can also pay new and existing BPAY billers.
</li>
<li>
ANZ goMoney. Login requires a 4-digit PIN and you can securely access your ANZ account balances and transaction history. This app lets you transfer money between your ANZ accounts and pay bills with BPAY. You can also transfer funds to anyone if you have their Australian mobile phone number.
</li>
<li>
NAB. Be able to access NAB services with a 4 digit passcode and check your account balance and transaction history. You can also transfer funds to linked accounts, or anyone else if you have their banking details as well as pay bills and view past and scheduled payments.
</li>
<li>
Westpac Mobile Banking. View your balance, see past and future transactions and transfer money with this app. You can also schedule and pay bills using BPAY as well as save and view your eStatements. Also, you can use the Westpac home loan and personal loan borrowing calculator to see what your repayments will be.
</li>
</ul>
<img src="https://www.finder.com.au/wp-content/uploads/2013/08/mobile-banking.jpg" alt="ad" width="470">
How does mobile banking work?
To access mobile banking, you will first need to download the appropriate app that corresponds to your bank - usually your bank’s website will have a link for you to download. After you’ve downloaded the app, follow the prompts to set up your account. It may ask you to confirm your username and password as well as send you an SMS to confirm your identity. If you have any problems with setting it up, it’s best to go into a branch for assistance. When you’ve finished setting it up, you’ll be able to perform banking services as you would on a computer.
Some typical services include:
<ul>
<li>
Accessing your account information
</li>
<li>
Making payments and transferring funds
</li>
<li>
Monitoring investments
</li>
<li>
Customer service and support
</li>
</ul>
How to compare apps for mobile banking
<ul>
<li>
Security. Security of financial transactions are paramount to any mobile banking app. Ensure that all your financial details are kept safe with authentication by having a user ID, password and PIN. Encryption of data is also important so that hackers won’t be able to access your information - the same applies if you lose your phone.
</li>
<li>
Compatibility. With the number of different mobile phone devices available today, you need to ensure that your bank has created a banking solution that suits your particular mobile phone. Some mobile phone models may only cater for a number of the functionalities that the banking app is capable of.
</li>
<li>
Reliability. Banks have a lot of customers, so they need to able to produce a mobile-banking infrastructure to handle large volumes of transactions at a time. Services should be available 24/7 and all systems should be working within the app.
</li>
<li>
Your bank. Your bank will be the main decider as to what mobile banking platform you should be using. This is because you can’t access your bank account details through another bank. If you’re looking to switch bank accounts then the quality of mobile banking provided by other financial institutions could be a factor in your decision.
</li>
</ul>
Pros and cons of mobile banking
Pros
<ul>
<li>
Time saving. Instead of allocating time to walk into a bank, you can check account balances, schedule and receive payments, transfer money and organise your accounts when you’re on the go.
</li>
<li>
Convenient. Do your banking at a time and place that suits you, instead of waiting in queues.
</li>
<li>
Secure. Generally, good mobile banking apps have a security guarantee or send you a SMS verification code you need to input to authorise a payment for added security.
</li>
</ul>
Cons
<ul>
<li>
Technology. Most mobile banking apps need an internet connection to be able to operate, so if you live in a rural area or experience problems with your internet connection, then you won’t be able to access your account. The same applies if your mobile phone runs out of battery.
</li>
</ul>
Things to avoid when it comes to mobile banking
<ul>
<li>
Ignoring security measures. Mobile phone apps can only do so much on their own to ensure you’re secure, such as logging you out after a certain amount of inactivity or making you provide password or SMS codes. If you’re careless about your own security, such as doing your banking on a public wifi connection, then you risk your details being stolen regardless of how secure a mobile banking app is.
</li>
</ul>
Frequently asked questions about banking on your mobile
<ul>
<li>
Where can I find more information about mobile phones? Please see our mobile phone comparison.
</li>
<li>
I’m having trouble setting up my mobile banking system, where do I go for help? Please contact your bank directly via telephone or in-branch.
</li>
<li>
Where can I download mobile banking apps? Mobile apps are available from the iTunes app store or Google Play. Some mobile banks apps aren’t available through phones that operate on the Windows or Blackberry system, so it’s best to check with your bank.
</li>
</ul>
Mobile banking is used in many parts of the world and can be a great financial tool if used properly and securely. While you can enjoy doing your banking when you want where you want, always remember to always be cautious of your security.
 
<hr>
 Shirley Liu a personal finance journalist for <a href="https://www.finder.com.au" target="_blank">Finder.com.au.</a> 
This article was originally published  on <a href="https://www.finder.com.au" target="_blank">Finder.com.au</a>. You can read the original article <a href="https://www.finder.com.au/mobile-banking" target="_blank">here</a>. 
 
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Weighing the pros and cons of mobile banking

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Journalist Shirley Liu looks at the features and security credentials of the various banking apps available in Australia.
The <a target="_blank" href="https://www.finder.com.au">finder.com.au</a> scribe compares the offerings from the big four banks to see how they work and what you can do with them.
But always keep security in mind when using online banking apps and make sure you don’t do it over a free public wifi.
<a target="_blank" href="https://t.co/PwfRo0EgXD"><img height="229" width="470" src="/images/stories/2013/08/tweet-of-the-day-aug-20.gif" alt="tweet-of-the-day-aug-20"></a>
 
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A look at mobile banking apps in Australia

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Recent surveys found Melbourne auction listings are selling for <a target="_blank" href="https://www.propertyobserver.com.au/victoria/melbourne-auction-homes-selling-10-over-advertised-price/2013080863977">11% more than their pre-auction price guides</a> while <a target="_blank" href="https://www.propertyobserver.com.au/new-south-wales/sydney-auctions-selling-well-above-price-guides/2013081964121">Sydney auction properties are selling at 12%</a> more than their price guides.
Both surveys suggested the trend of selling above prices guides had increased significantly over winter.
What’s your experience?
{module Have the auctions you’ve seen been selling for more than 10% above the price guide?}
 
And  
{module Do you think higher spring stock levels and more choice for buyers will reign in the trend of runaway auctions?}
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Will spring auction prices continue to exceed price guides?

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For the past three years headline-writers at metropolitan newspapers have been in despair. They have been cruelly denied the opportunity to put “bubble” in a headline.  
With capital city prices mostly in decline since 2010, even a species willing to use fabrication when sensationalism won’t do has been unable to conjure a bubble out of our property markets.  
Now, with capital city prices up a moderate 5% on average, a peephole of opportunity has appeared.  
Sub-editors have, as willing accomplices, a gaggle of chattering economists and sharemarket analysts who see an opportunity for a bit of personal limelight while pontificating on a subject outside their sphere expertise.  
That’s all it takes in this country to turn a nothing into a sensational issue.  
Auction rates signal boom at hand, shouts the Sydney Morning Herald.
Fears of bust as property runs hot, squeals The Australian.
Hallelujah, the bubble is back.  
Three years ago BIS Shrapnel, which makes part of its living from mis-forecasting property markets, declared in 2010 that capital city prices would continue to rise strongly.
By 2013 Perth would be up 22% and both Sydney and Adelaide would have added 20%.  
Nothing of the sort happened, of course. Three years on, Perth is up about 7% and Sydney a meagre 4%. Adelaide is still down 3%. These are not statistics that support bubble theories.  
For there to be a bubble fit to burst, there needs to be a major decline in affordability.
But Australia has the opposite.
The past eight quarters have produced consecutive improvements in affordability. Prices, on average, have fallen and there have been multiple interest rate decreases.  
The forgotten part of the affordability equation, income, has assisted as well.
New figures from the Australian Bureau of Statistics suggest an average 5% rise in wages in the past 12 months. That’s a rise larger than the median price rise over the past year in five of the eight capital cities.  
It’s significant that much of the bubble hysteria is coming out of Sydney.
People who think Australia starts at Sydney Heads, ends somewhere east of Parramatta and occupies a narrow corridor in between those two points, believe that the current auction frenzy in their narrow world represents the Australian property market.  
To get an idea of how these people think, here is what agent John McGrath, much loved by the Sydney media, said not so long ago: “Sydney remains the BHP of Australian real estate – the big blue-chip market that generally out-performs the others.”  
John, welcome back from the parallel universe you’ve been visiting these past 10 years.
The research shows that Sydney has been the chronic under-achiever of the capital city property markets over the past decade. Its capital growth rates have been the worst, by a considerable margin, among the eight state and territory capital cities.
And for those who cling to the myth about the superior performance of the blue-chip suburbs, here’s the capital growth rates (average annual growth in median prices over the past 10 years) of millionaire suburbs in Sydney:
Balgowlah 2.5%, Balmain East 3.7, Bayview 3.5, Birchgrove 2.6, Cammeray 5.1, Castle Cove 2.4, Chatswood 4.2, Clontarf 1.1, Clovelly 4.0, Collaroy 3.7, Cremorne 2.8, Cronulla 2.6, Darling Point 0.5, Double Bay 3.1, Dover Heights 3.1, East Killara 3.7, Gordon 3.0, Greenwich 4.2, Hunters Hill 2.8, Kensington 3.8, Killara 2.3, Lane Cove 3.7, Lilli Pilli 0.3, Lindfield 4.1, Longueville 2.0, Malabar 2.8, Manly 4.3, McMahons Point 2.8, Mosman 2.4, Neutral Bay 3.5, North Bondi 4.8, North Sydney 2.2, Northbridge 4.1, Paddington 4.7, Palm Beach 1.3, Pymble 3.6, Queens Park 3.8, Randwick 4.4, Rose Bay 1.9, Roseville Chase 2.4, Seaforth 4.0, St Ives 2.4, Sylvania Waters 3.8, Turramurra 3.2, Vaucluse 1.3, Warrawee 3.3 Willoughby 4.8, Woollahra 2.4.
Sydney has been an investor’s nightmare since 2004.
Now, at last, it’s showing some signs of life and the rulers of the universe who inhabit the place are in a bit of a tizz.  
Turi Condon, property editor of The Australian, who takes the time to write an article about as often as the Wallabies beat the All Blacks, was moved to put together a piece that told us that Sydney’s inner suburbs were “red hot”.
McGrath has also declared Sydney to be “red hot”.  
Do you need to know more?
Sydney’s red hot so Australia has a property bubble.
Obviously.
 
<hr>
 Terry Ryder is the founder of <a target="_blank" href="https://www.hotspotting.com.au/" rel="nofollow">hotspotting.com.au</a> and you can contact him at <a href="https://mailto:ryder@hotspotting.com.au">ryder@hotspotting.com.au</a> or <a target="_blank" href="https://twitter.com/hotspotting">twitter.com/hotspotting</a>.
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terryryder-YECXbqmri2

Sydney's property bubble hysteria is unfounded: Terry Ryder

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A Queen Anne-style residence in Hawthorn is on the market with $4 million plus hopes.
The five-bedroom home at 27 Kinkora Road Hawthorn boasts art nouveau features restored by master craftsman Derek Marvelley.
The c1907 residence includes original formal rooms and recently renovated living areas.
Boasting bay windows, polished timber floors and an arched hallway, the 1,393-square-metre property also includes an outdoor entertaining area and pool.
IT industry figured Carmelo Zampaglione and his wife, Gina, have owned the Queen Anne residence for 15 years.
The couple bought the property from former footballer Barry Richardson in 1998 for $1.15 million.
The property is due to go under the hammer on August 24 through <a href="https://www.27kinkoraroadhawthorn.com/" target="_blank">James Tostevin of Marshall White.</a>
The most expensive sale in the street was for an Italianate mansion at 39 Kinkora Road, which sold at auction in 2007 for $5.205 million.
The median house price in <a href="/news">Hawthorn</a> is $1,222,500, a 2.7% change in five years, according to RP Data.
{qtube vid:=F3BJ1Ry__Ik}
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Queen Anne-style Hawthorn house with $4 million plus hopes

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With the property market back on the rise and investors coming back in droves, it is important for first time and seasoned investors to know what to look for in an investment property.
<img alt="numberonejuly11" src="/images/stories/2013/07/NUMBERS/numberonejuly11.jpg" width="30" height="38" style="float: left;">Do your research and know what types of locations are suitable for budget and your strategy. There are some excellent online resources to showing average rental returns, property values and sales history for most areas in Australia.
<img alt="numbertwojuly11" src="/images/stories/2013/07/NUMBERS/numbertwojuly11.jpg" width="30" height="35" style="float: left;">
The best buy is often considered the ‘two plus two dwelling’: two bedrooms and two bathrooms. Despite one-bedroom properties selling and renting quicker, two bedroom dwellings have double the capacity, making rental rises easier to afford.
<img alt="numberthreejuly11" src="/images/stories/2013/07/NUMBERS/numberthreejuly11.jpg" width="30" height="39" style="float: left;">
The money that you put into fixing up a property to attract renters may be your biggest downfall. Be careful if the property is going to take too much of your time and money.
<img alt="numberfourjuly11" src="/images/stories/2013/07/NUMBERS/numberfourjuly11.jpg" width="30" height="39" style="float: left;">
The surrounding lifestyle is always important. Spend some time in the area to make sure that you can afford to charge where people will pay a premium. Also look at nearby schools, shopping, transport and employment.
<img alt="numberfivejuly11" src="/images/stories/2013/07/NUMBERS/numberfivejuly11.jpg" width="30" height="33" style="float: left;">Speak to as many local agents as possible. Talking to a number of real estate agents in an area can give you an overall picture of the area, help you understand the growth potentials relating to the local economy and what areas potentially to avoid.
<img alt="numbersixjuly11" src="/images/stories/2013/07/NUMBERS/numbersixjuly11.jpg" width="30" height="35" style="float: left;">
However, sometimes the areas they tell you to avoid can still be good to invest in.
<img alt="numbersevenjuly11" src="/images/stories/2013/07/NUMBERS/numbersevenjuly11.jpg" width="30" height="36" style="float: left;">
Your renters are the source of your revenue and while higher rent may be ideal, remember that renters are primarily renters, meaning they will always be looking for lower rates in lifestyle centric areas.
<img alt="numbereightjuly11" src="/images/stories/2013/07/NUMBERS/numbereightjuly11.jpg" width="30" height="32" style="float: left;">
With today’s uncertain economic climate it is important to have a backup plan or even an escape plan with the economy goes array.
 
<hr>
 Robert Projeski is the founder and managing director of <a href="https://www.amo.com.au/" rel="nofollow" target="_blank">Australian Mortgage Options</a>, winner of over 12 industry awards. He is considered a leading property finance expert in Australia.
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Eight tips for choosing an investment property: Robert Projeski

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If you are determined to refinance, you should begin by calculating what your new monthly repayments will be as well as how long it will take to recover the cost of switching loans.
There are numerous free calculators online, but a good starting point is ASIC’s MoneySmart website mortgage switching calculator, which allows you to include fees and monthly charges.
A financial comparison should only be a starting point, though.
You should research your prospective new lender, especially if it is not a household name, and find out where it sources its funding, how long it has been lending and what customer support is available.
A simple Google search of your new lender might reveal any past disputes with borrowers, disciplinary action faced or issues concerning its financial stability.


<hr>
This article was taken from Property Observer's <a target="_blank" href="http://propertyobserver.com.au/ebooks/free-ebook-12-tips-for-refinancing-your-mortgage" style="font-size: 14px;">free eBook: 12 tips for refinancing your mortgage</a>.</body></html>

Thoroughly compare loans

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The mainstream media have latched on to the auction frenzy and have called that a property boom is at hand in the eastern states.
Meanwhile, more serious economists such as Bassanese at the AFR <a href="https://www.afr.com/p/business/companies/house_price_gains_are_likely_to_V1AXlljClgmlv1tp9jpGYM" target="_blank">"remain bullish house prices"</a>, while experienced property market analyst <a href="https://www.propertyobserver.com.au/trends/seven-reasons-why-prices-might-rise-25-in-select-australian-east-coast-cities-over-next-three-years-michael-matusik/2013081464226" target="_blank">Michael Matusik notes that</a> Australia's eastern states could see proce growth of up to 25% over the next three years.
Over at Business Spectator, <a target="_blank" href="https://www.propertyobserver.com.au/news/robert-gottliebsen-forecasts-mother-of-all-dwelling-booms-driven-by-property-investors/2013081864307?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=news">Robert Gottliebsen forecasts that Australia is heading for "the mother of all dwelling booms"</a> caused by an imbalance between supply and demand.
That's a fair amount of positive sentiment doing the rounds.
It's no doubt confusing for new entrants to the property market, because on the flip side there continue to be negative angles reported too.
There's an old saying in investment circles (which is <a href="https://moneyweek.com/government-bond-bubble-13901/" target="_blank">claimed as their own by a few people</a>) that says: "a speculative bubble is a bull market which you don't have a position in."
There's much more than a grain of truth in that.
The overwhelming majority of those barracking the property market dynamics are either renters (who doubtless want prices to crash so that they can participate in the market themselves) or people making an easy dollar from selling stories on the existence of a bubble.
This all makes logical sense and 'twas always thus: property price rises naturally seem unfair to those not participating in the upside, and that will never change.
There are several negative angles which get churned over.
One is that owning property is somehow vaguely unethical. Such articles can usually be identified by not-so-subtle name-calling with words like "amateur speculators", "unsophisticated landlords", "rent-seekers" and the old favourite "specufestors", being lightly sprinkled in.
Ideally, the words "greed" and "foreign buyers" should also feature.
As a renter myself, I'm very glad that we have landlords to house us - a modern capitalist system would never work in any other way.
<a href="https://www.theguardian.com/books/2013/aug/18/default-line-extract-faisal-islam-housing?CMP=twt_gu#comments" target="_blank">Articles continue</a> to portray landlords as evil, making people homeless on a whim or turfing them out at the drop of a hat in a frivolous game of "eviction popcorn":
"Young first-time buyers such as Naomi Jacobs in Newcastle finds herself more in a property nightmare than a property dream. "I'd love to buy a little house now," she told me. She wants to have a family, and as the family gets bigger so she'd want a bigger house. That is the dream. Naomi is a science graduate, a science graduate with a job. But she can't get a mortgage. She blames the buy-to-letters. "The smaller flats that first-time buyers would want are ideal for them to rent out," she sighs. "But that's the way it is these days. It's slightly cruel when you think about it."
On the face of it, this sounds 'bad' and we are invited to be up in arms at the unfairness of it all, the angle being that an employed graduate can't get a mortgage.
But there's no explanation of why she can't get a mortgage. Usually, that would only be because no deposit has been saved by the potential borrower.
So is this an argument for a return to 100% mortgages then? Which, by the way, are the exact same products which also get blamed for speculative activity and booming prices.
It's a never ending negative loop, of course.
 
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The market commentary where I am at the moment in England, has seamlessly shifted from a devastating property market crash to a new property market bubble in just a couple of short months.
Literally only a few weeks ago there were cautionary tales that many remain in negative equity after the crash (this is indeed true in parts of the country), yet as prices are recovering strongly on a national basis it is already also being termed as a bubble.
It's apparently a crash and a bubble at the same time.
With the mass proliferation of online commentary, I suppose that this is a trend which won't go away.
Prices are going up - this is bad because it must be a bubble. Prices could be falling so the whole world is doomed. Someone is in negative equity, so only fools would buy property. Interest rates are falling , this will cause a bubble. And now they're rising, it's unaffordable. Some people work in finance - this is also bad...
You only really have two choices when it comes to property: to complain about how unfair the world is or to do something about improving your own situation.
If that sounds unsympathetic, it's not mean to - it wasn't so many years ago that I was 21 myself and as I entered the full-time workforce all the talk was of unfair and unsustainable London house prices.
The media reports of an Australian property boom should also be viewed with caution.
It's illogical to talk about one property market. Even within cities and suburbs, some property types will appreciate strongly in value over the next decade, while some buyers will pay too much for the wrong type of property and remain forever convinced that owning property is a dud idea.
It has to be said, for all the talk of a boom, Australian property price growth over the last few years has been relatively muted in plenty of areas, which after all, is the best long-term outcome for Australia - prices growing perhaps slightly slower than household incomes, effectively leading to a gradual improvement in affordability over time.
Some people will always do well out of property. Others will always get it wrong. 
Caveat emptor - buyer beware.
 
<hr>
Pete Wargent is the co-founder of <a href="https://allenwargent.com/" target="_blank" rel="nofollow">AllenWargent</a> property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank" rel="nofollow">blogger</a>.  
His new 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 released on 1 September 2013.
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Tale of two property markets, the positive and negative media narratives: Pete Wargent

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When earlier this month the interest rate cut by the RBA was announced, both major parties engaged in a rush to comment.
We are now being told on almost every front that rates are now at historically low levels. We then saw the majority of banks also moving fast to pass on the rate cut to their customers and as we know from past experience this is not always the case.
Clearly this indicates that over the past six months the dynamics of the residential property market have shifted.
However in spite of the rate cut induced publicity spree last week, have you noticed that unlike previous elections, at least to-date, there is an absence of any sort of clear-cut housing policy being debated or promoted by either of the big political parties?
Should this be a fact that we should be concerned about?
Back in January one of the points that I suggested would have a key impact on the market in 2013, was the emerging low interest rate environment.
As official interest rates might possibly head to 2% in 2014, the flow impact to the housing market is bound to have a material and possibly dramatic consequence.
For this reason alone there is I think a compelling case to look much more closely at housing policy as we approach election day. And for reasons I will return to, this includes the question of a possible adjustment to the rates and application of the GST.
In looking at the big picture I am not going to attempt in any way to suggest where policy could head, but I am keen to share some key facts as to why housing should not be relegated too far down the list of policy priorities.
The first point to consider is the fact that our population continues to grow while supply remains stubbornly low.
Australia’s annual growth rate currently sits around 1.8% while the world average is a much more modest 1.1%.
As already highlighted, supply is lagging and according to the Urban Taskforce the shortfall is as much as 50% of what is required.
According to the UTF just over 43 homes are being built for every 10,000 people and at 15,000 homes a year that’s half of what we need and looking at population growth they might just be on the numbers.
Faced with this reality at state government policy level we are seeing attempts to release more land, which is having some impact in Melbourne and Sydney and at the same time average lot sizes are being driven down.
But we are seeing strong demand, which in Sydney in particular is seeing new land release snapped up, and land prices continue to rise as estates sell-out.
The pressure on supply is even spilling over into the public housing sector where both NSW and Queensland are applying pressure to their tenants.  
NSW for example is talking about a sort of ‘bedroom tax’, or a surcharge on those with homes with un-used bedrooms. This must be a clear message that housing policy even at the most basic level is under extreme stress.
 
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So supply is under pressure, as it has been for years, but demand is on the increase.
Across many parts of Sydney for example auction clearance rates are above 70% and in some areas beyond 80%.
The trend is not universal but in the main where clearance rates are low this appears to be mainly in fringe areas and some holiday areas where spring and summer could see the rates go up.
Following upon very low interest rates there are some suggestions that a housing bubble might be building as low rates bring more buyers and investors into the market.
First time buyers are still a little reluctant, but as rents continue to rise, this might soon change if the gap between rents and mortgagee payments continues to grow.
Assuming an average mortgage of $308,000 current weekly repayments could be as low as $412 while renting a similar property would attract a rent of $500 per week.
It also appears that investors are, as you would expect, reacting to lower deposit rates, and soon even lower rates. Three years ago a fixed term deposit rate above 6% was common – not so today.
Investors are active and they have been driving much of the demand for new apartment product, they are also seeing house and apartment price growth. They are also getting good rental yields and good rental growth.
It remains to be seen if more renters become first-home buyers and as a result, potentially further house price rises as these groups compete for available stock as more interest rate cuts encourage both.
Leaving aside the possible hustle and bustle of the market, there is also the reality that population demographics are shifting and here again there is reason to suggest that a policy void is not a good thing.
We have a growing population and with a median age of 36 years, a young population with a mini baby boom and as such, a period of peak demand for housing.
From the last census we also see that median incomes are on the rise and now sit around $87,516 pa, between 2006 and 2011 that’s an increase of 20% but over the period rents have increased by 49%. House prices have gone up 49.2% and apartments 22.1%.
We are also seeing other demographic shifts with 15.9% of households now home to single parents and of those, females account for 82.4% and males 17.6%.
These figures serve to highlight that housing policy needs to keep pace with social change as well.
This highlights the need for better housing policy linked to infrastructure and suggests that the current election has not made a strong enough connection between the two apart from some road announcements.
Simply suggesting that 30-something buyers are simply too fussy is not in any way a real debate.
In Project Agenda there has been frequent comment on an urgent need to better fund infrastructure.  Many of the industry leaders have suggested that a move away from the burden of stamp duty could in part come from a higher rate of GST.
Now even if only on the margins and possibly not until 2016 the GST debate is part of a policy setting that will impact the housing market.
So as we look for housing policy to take its turn in the election spotlight, let’s just remind ourselves that there is now GST applied to existing homes.
But a GST of $45,000 is locked away inside the price for a new $500,000 home and that would increase to $56,250 if the rate went to 12.5% and this policy in fact makes new homes less affordable and possibly is a key factor helping to keep a lid on supply.
I think that for all of these reasons and many more, that the elephant in the room needs to be acknowledged as the election moves forward.

<hr>
Peter Chittenden is managing director for residential of <a target="_blank" rel="nofollow" href="https://www.colliers.com.au/Colliers%20Corporate/Residential.aspx">Colliers International.</a>
 
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Housing policy is the elephant in the room this election period: Peter Chittenden

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The auction of 11 vacant blocks by Wesley College in Rose Street, Glen Waverley, last Saturday achieved an ‘’unprecedented result’’ for Barry Plant Glen Waverley.
The blocks of between 700 and 750 square metres on a two hectare site sold for an average $1.2 million each. The land had never been used for school purposes and was originally an orchard.
The sale – possibly the suburb’s largest land release - came five months after the college dumped plans for an 84-apartment complex abutting its Glen Waverley campus.
Most of the buyers were families and international buyers. However, agent Adrian Santini said one or two were bought by developers to build display homes. A further 11 blocks was sold to home builder Metricon prior to Saturday’s auction.
Rose Avenue is 500 metres from Centro The Glen, Glen Waverley station and Glen Waverley Secondary College.
“It was unprecedented,’’ Santini said. ‘’We had more than 600 people crammed into a massive marquee which we had set up for the occasion with 15 staff members lined up to handle questions and the paperwork.
‘’The blocks all sold within about 40 minutes, all achieving prices more than 25% above the average for a similar property in the area.
“They even sold for more than established homes on larger blocks.” The suburb’s median house price is $727,000, with the agent theorising that, as the original 22 blocks was reduced to only 11 after the Metricon sale, the supply/demand equation pushed prices up further.
“The majority of buyers were definitely families wanting to build in the area which is so close to excellent local schools and all amenities,” Santini says.
Barry Plant Group founder and market commentator, Barry Plant, said the whole of the property market had their eyes on the sale. “Glen Waverley has evolved to become one of Melbourne’s most sought after suburbs, and the results of the auction shows this is where the real action is in the property market.” 
 
Melbourne’s house clearance rate on the weekend was 77%, with a median price of $771,000 and the total value of properties sold at $239,320,050.
Two hundred and two flats/apartments achieved a clearance rate of 73%, with a median of $522,750 and a total value sold at $82,354,670.
The sale of 17 blocks of land achieved a clearance rate of 76%, with a median price of $1,180,000 and the total value sold at $14,103,500.
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