<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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Links between interest rates and housing prices have been complex. Reductions in interest rates generally stimulate housing markets, as mortgage payments are lowered and making the housing market more affordable for home buyers.
This indicates an inverse relationship between the direction of mortgage interest rates and housing prices with house prices rising when interest rates fall.
The inverse relationship was largely observable until the financial crisis in 2007.
In the financial meltdown in 2007 and 2008 interest rates fell sharply, as did housing prices. The inverse relationship was broken, at least temporarily.
The peak of the financial crisis period in 2007-2008 is seen as an anomaly due to the credit freeze, which started with the collapse of subprime structured loan market.
Initially it was a shock to financial markets that turned into systemic stress in the economy and ultimately peaked with the collapse of Lehman Brothers and other financial companies.
Interbank lending froze as banks struggled to maintain liquidity and borrowers were left without access to credit.
This included home loans, with housing demand dropping due to a lack of finance.
Revisiting historical data reveals further anomalies in the inverse relationship between house prices and mortgage rates.
During the housing bubble of 1987-89 house prices rose around 40% while mortgage rates also significantly increased.
The period from 2007 to 2012 highlights a timeframe where a positive relationship was in place, where prices and interest rates rose and fell largely in unison, though with varying magnitudes.
Chart 1 – Relationship between Mortgage Rate and Residential House Price  
 <img alt="niu_aug_14_chart" src="/images/stories/2013/08/niu_aug_14_chart.png" width="470" height="307">
Source: REIA, RBA
Positive correlation over the period from 2007 to 2012 raises questions about why the negative relationship between rising mortgage interest rates and rising housing prices does not always hold.
Rising mortgage interest rates do not occur in isolation, as it reflects an expanding economy with growing consumer confidence and inflation. 
Higher borrowing costs dampen housing price increases. On the other hand, other economic factors emerge such as limited new supply and population growth that would have supported housing prices.
Aside from mortgage interest rates, other economic factors cause increases in housing prices.
In a rebounding economy, growth in employment, real wages, and inflation rate are expected. This will improve affordability for the workforce and switching from renting to buying, increasing demand for houses, and consequently creating upward pressure on housing prices.
In Australia the demand for employment encourages migration which also increases demand for houses and underpins prices.
On the contrary, when the economy slows, housing prices may be weak.
As unemployment increases, the ability of households to meet housing repayments diminishes, even with a reduction in interest rates. Affordability will be diminished until growth in employment emerges.
A consistent inverse relationship between the movement in mortgage interest rates and house prices is not evident.
Anomalies occur, reflecting wider economic influence and variable time frames between interest rate changes and demand and supply.
With weakening economic growth in Australia, slowing employment growth in 2013-2014 and a cautious sentiment, significant increases in house prices are unlikely despite lower interest rates.
Ming Niu is an analyst at <a href="https://atchison.com.au/profile.htm" target="_blank">Atchison Consultants</a>.
 
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mniu-gkBe4pvnDQ

Identifying the links between mortgage interest rates and housing prices: Ming Niu

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I can’t ever remember seeing as many conflicting reports on the state of the Australian economy as we are seeing at the moment.
Maybe in 23 days time when the outcome of the federal election is known we may be in a better position to get a true reading on exactly what is happening or to that extent where our economy is headed. At this juncture in time it’s anyone’s guess depending on your political persuasion.
Just over a week ago the Reserve Bank of Australia (RBA) singlehandedly attempted to steady the economy when they dropped the cash rate to a record low of 2.5%.
Only history will be the judge as to whether this decision was the right or wrong way to go – albeit already we are seeing some very scary symptoms emerging with the property markets. 
<a target="_blank" href="https://www.propertyobserver.com.au/news/sydney-secures-its-sixth-80-plus-weekend-auction-success-rate-sort-of/2013081764295?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=newsplus" title="Sydney auctions in 80% plus overdrive for fifth consecutive weekend ">Sydney auctions in 80% plus overdrive for sixth consecutive weekend </a>where it should be noted that previously it has been acknowledged that when clearance rates hit 80% plus, the markets are in what is known as a technical boom.
This time around it appears that it is the lower end markets participating in this buyer frenzy, with the top end markets not seeing anywhere near the same excitement.
Just look at this week’s <a target="_blank" href="https://www.rwm.com.au/news/" title="Mosman and Neutral Bay Sales Watch">Mosman and Neutral Bay Sales Watch</a> which hardly suggests that our demographic markets are actually booming.
In some ways I agree with Robert Gottliebsen’s comments in Business Spectator this week "<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" title="Beware of the mother of all housing booms.">Beware of the mother of all housing booms</a>":
<a target="_blank" href="https://www.businessspectator.com.au/article/2013/8/13/economy/beware-mother-all-housing-booms" title="Beware of the mother of all housing booms."></a>“If we are not very careful Australia is going to have the mother of all dwelling booms. What we are seeing is a three – pronged boost to prices. First is a dramatic push to lift the demand for dwellings by banks offering cut mortgage rates thanks to the Reserve Bank Governor Glenn Stevens. But second, and just as importantly, there is reluctance by banks to fund new supply. In any commodity if you inflate demand and squeeze supply, prices go through the roof. Thirdly taxpayers will subsidise the boom via a massive increase in the use of negative gearing via both personal and superannuation tax breaks.”
Again it should be noted that investors (in the vast majority of instances) only invest within the lower end of the market so we don’t expect to see this resonate through to the top – end markets. BIS Shrapnels' Angie Zigomanis said that <a target="_blank" href="https://www.propertyobserver.com.au/new-south-wales/rental-and-price-growth-to-drive-more-investors-to-sydney-inner-city-apartment-market-bis-shrapnel-s-angie-zigomanis/2013072363162">rental and price growth will drive more investors to Sydney inner city apartment market.</a>
<a href="https://www.rwm.com.au/files/2013/08/10-08-2013-11-51-00-AM.jpg"><img height="321" width="470" src="https://www.rwm.com.au/files/2013/08/10-08-2013-11-51-00-AM.jpg" alt="10-08-2013 11-51-00 AM"></a>
Which then permits the next school of thought to enter the property debate.
As <a target="_blank" href="https://www.theage.com.au/business/china-slowdown-threat-to-house-prices-sp-20130813-2rtur" title="China slowdown threat to house prices: S&amp;P">China's slowdown poses a threat to house prices</a>, Australia’s banks’ credit ratings would be cut by up to two notches and house prices would fall by 25% if China’s economy were to slow sharply, Standard &amp; Poor’s says.
Well that could be true to an extent although I would also add that presently certain Australian property markets are experiencing unprecedented investor action.
Having said that Australia’s four major banks currently hold 80% of Australia’s banking assets and a staggering 88% of residential mortgages.
In the meantime <a target="_blank" href="https://www.propertyobserver.com.au/news/lower-bad-debts-and-stronger-profit-margins-on-loans-trigger-cba-s-record-%2478-billion-profit/2013081464201">lower bad debts and stronger profit margins on loans trigger CBA’s record $7.8 billion profit</a> – just take a look at how the CBA has performed since the Global Financial Crisis:
<a href="https://www.rwm.com.au/files/2013/08/14-08-2013-2-23-32-PM.jpg"><img height="263" width="470" src="https://www.rwm.com.au/files/2013/08/14-08-2013-2-23-32-PM.jpg" alt="14-08-2013 2-23-32 PM"></a>
Now take a look at <a target="_blank" href="https://www.theage.com.au/business/investors-are-bracing-but-iron-ore-price-stays-steady-20130811-2rq7z" title="investors bracing, but iron ore price stays steady">investors bracing, but iron ore price stays steady</a> this time last year the iron ore price was in a dramatic free fall hitting a September low of $US86.70 ($94.10).
The iron ore price has been creeping higher since late June, and spent most of last week in a positive trajectory towards $US133.10 ($144.45) per tonne; a very comfortable price for most Australian miners, made even better by the local currency trading well below parity.
<a href="https://www.rwm.com.au/files/2013/08/12-08-2013-9-43-11-AM.jpg"><img height="253" width="470" src="https://www.rwm.com.au/files/2013/08/12-08-2013-9-43-11-AM.jpg" alt="12-08-2013 9-43-11 AM"></a>
 
<hr class="system-pagebreak">
But wait, there’s more, a <a target="_blank" href="https://www.propertyobserver.com.au/land/new-home-building-recovery-at-risk-of-running-out-of-steam-hia/2013081364196">new home building recovery is at risk of running out of steam</a>, according to the HIA.
HIA estimates housing starts rose 8.3% last financial year to 157,108 following two consecutive years of decline.
Yes, decline, so it is hardly neither likely nor credible that we will see any sort of property crash. After all if we were going to see the mother of property collapses we would have as a result of the GFC which turned out to be a correction not a crash. Then again some will no doubt argue this was in fact a crash.
Whilst on crashes the only crashes we have seen of late within our Mosman, Cremorne and Neutral Bay real estate markets has been a crash in volumes not prices.
For the very first time in 13 years of Virtual Realty News we missed a couple of editions when I was overseas so let’s catch – up.
On July 12 Mosman recorded its lowest ever number of houses on the market at 59, which then moved to 64, 68, 76, 88 and this week 85.
Apartments went from 61, 62, 68, and 62 to 59 this week.
In Cremorne houses went from 7, 5, 6, 8, 7 to 3 this week – the lowest ever number.Cremorne apartments recorded 15, 18, 17, 18, and 20 to 17 this week.
Neutral Bay houses 5, 7, 8, 11, 12 and 11 this week. Neutral Bay apartments 34, 28, 26, 28, 34 to 30 this week.
MOSMAN – 2088
• Number of houses on the market this time 2012 – 89
• Number of houses on the market last week – 88
.Number of houses on the market this week – 85
• Number of apartments on the market this time 2012 – 85
• Number of apartments on the market last week – 62
.Number of apartments on the market this week – 59
CREMORNE – 2090
• Number of houses on the market this time 2012 – 12
• Number of houses on the market last week – 7
.Number of houses on the market this week – 3
• Number of apartments on the market this time 2012 – 15
• Number of apartments on the market last week – 20
.Number of apartments on the market this week – 17
NEUTRAL BAY – 2089
• Number of houses on the market this time 2012 – 15
• Number of houses on the market last week – 12
.Number of houses on the market this week – 11
• Number of apartments on the market this time 2012 – 46
• Number of apartments on the market last week – 34
• Number of apartments on the market this week – 30
Source: Australian Property Monitors
<a href="https://www.rwm.com.au/files/2013/08/15-08-2013-4-27-07-PM.jpg"><img height="269" width="470" src="https://www.rwm.com.au/files/2013/08/15-08-2013-4-27-07-PM.jpg" alt="15-08-2013 4-27-07 PM"></a>


<hr>
Robert Simeon is a director of <a title="RWM" href="https://www.rwm.com.au/" rel="nofollow" target="_blank">Richardson  Wrench Mosman and Neutral Bay </a>and has been selling residential real estate in Sydney since 1985. He has also been writing real estate blog <a title="Virtual Realty News" href="https://www.rwm.com.au/news/" rel="nofollow" target="_blank">Virtual Realty News</a> since 2000. The RWM real estate model has sold in excess of $1 billion in database sales globally.
 
 
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robertsimeon-hRNTwJyXkQ

Despite Sydney's auction clearance rates, the demographics are not booming: Robert Simeon

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The reduction of official interest rates to 2.50% is an historic event which raises a number of questions: how slow is the economy?
Have we reached the bottom of the interest rate cycle?
How are savers coping with the low returns?
I’ve had a lot of correspondence about saving this year, and I thought I’d make some observations about how to get the best out of your cash in such a low interest rate environment.
1. Know your goal:
This should be your starting point.
If you’re saving for a house or to go overseas, you might want different product features than if you’re planning to live on the yield from your existing lump sum.
So set your saving goals and ensure you’re looking at the right options for your money.
2. Shop around:
When looking for the best deal on your cash, you must be prepared to deposit somewhere other than your usual bank.
When the cash rate is so low, a difference of .05% can be important and you’ll only be aware of the difference if you stay informed.
Use the financial comparison sites on the internet.
3. Spread the money:
People trying to save a lump sum should consolidate into one high interest account, so they pay only one set of fees.
But if your lump sum has to pay you an income, I suggest having the cash in at least two places so you can offset poor performance in one, with the solid performance of another.
Have the bulk of your savings in a high interest cash account, but think about diversifying into term deposits and funds where your cash is invested in a mix of cash and bonds.
4. Understand your actions:
The pursuit of yields can lead people into depositing money in a product that only pays interest quarterly, or that locks away their capital for an inconvenient duration.
Or, you find a great return on your money only to discover that the high interest rate finishes after six months and then reverts to a much lower rate.
If your primary concern is security, remember that cash deposits in banks, building societies and credit unions (and other ADIs) are guaranteed by the government, up to $250,000.
5. Don’t cheat yourself:
The yields for term deposits are typically between 3.75 and 4% right now.
That spread can cost you several thousand dollars a year on large balances, so make sure you’re closer to the high end of the interest rate spread.
Also, if your cash earns 4% in an online saver, and you have a well-used credit card that charges you 15% and fees, you are cheating yourself by not making that credit card payment a priority.
And never forget inflation – your cash deposits must be at least ahead of inflation, or your gains are largely illusory.
Finally, try to be level headed.
Avoid panic and exuberance – they both lead to poor decisions.
Better to let the facts guide you towards good judgement.
 
<hr>
 Image courtesy of Sal Falko/flickr.
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mbouris-tauSvXGAM2

Five tips to get the most out of a low interest rate environment: Mark Bouris

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You should begin investigating refinancing by speaking to your mortgage broker or current lender first.
Your current lender may be willing to offer you a better product at a more competitive rate with better features rather than see you walk out the door.
This could save you a lot of money as well as the hassle and cost of refinancing with another lender.
In addition, if you find yourself under financial pressure or struggling to make repayments, your existing bank may allow you to change the terms of your loan or even negotiate a payment holiday or reduced repayment schedule for a period of time while you sort out your affairs.
This might be a better option than refinancing.
But don’t restrict yourself to speaking to just your current lender or one alternative.
A reputable mortgage broker will offer hundreds of loans through a wide range of different lenders including credit unions, building societies, the big four banks, smaller banks and non-bank lenders, which might better suit your circumstances.
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">free eBook: 12 tips for refinancing your mortgage</a>.
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po-LsXgBTHBmX

Talk to your current lender or a mortgage broker first before considering a range of alternatives

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The legendary Easybeats band member, Harry Vanda is selling his Rose Bay harbourfront home after three decades and its already, not-unexpectedly, attracting Chinese buying interest.
<a href="https://www.richs.com.au/properties/residential/House-NSW-Rose+Bay-114853927" target="_blank">It comes with hopes of $20 million plus</a>.
He bought the 830 square metre Bayview Hill Road property in early 1983 for $667,500 with his wife, Robyn and then built the five-bedroom, four-bathroom brick house.
It was bought from Dr Peter Duke and his wife, Meryl.
The three level, dress circle property has been listed through Paul Rich of Rich's Double Bay.
"It's wonderful opportunity to secure an exceptional waterfront home situated in a magnificent internationally recognised position," he said of its postcard perfect view towards the Sydney Harbour Bridge and Opera House.
It had been listed last October through McGrath Estate Agents who didn't find a buyer. 
Mystery still surrounds the nearby sale earlier this year by the veteran technology investor Neill Miller for a rumoured $30 million on extended settlement terms.
There was no public marketing of the contemporary Rose Bay abode built on the harbourfront reserve location at the base of the steep cul-de-sac sandwiched between the Kambala and Kincoppal-Rose Bay schools.
The land was bought for $7.75 million in 2002 along with a $3 million acquistion in 2005 of a portion hived off from Sacred Heart convent land holdings.
Their dress circle property is close to the $15 million sale recorded last year when the Anne Lewis harbourfront house through Ken Jacobs of Christie's International inconjunction with Andrew Livingston of McGrath. 
Harry Vanda and business partner George Young are credited as among the most important members in the Australian music industry - initially as the songwriters of the Australian band of the 1960s, the Easybeats and then in the 1970s behind the success of the likes of John Paul Young, Stevie Wright, the Angels and AC/DC.
The Easybeats song, Friday on My Mind was voted the best Australian song of all time at the 2001 Australasian Performing Rights Association awards.
 
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jchancellor-FAypfDUnLy

Muso Harry Vanda lists $20 million Rose Bay harbourfront

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Chapel Street has regained favour with retailers after a quiet leasing period, according to real estate agents Fitzroys.
Fitzroys City retail team leasing executive Michael Rainey said there has been a resurgence in enquiries for spaces along Chapel Street, South Yarra, Prahran and Windsor, led by high-quality fast-food and fashion operators.
“Chapel Street is quickly becoming a fast food destination with recent deals done with Mexican restaurant Fonda at 144 Chapel Street, Windsor, and the popular American ice creamery Ben &amp; Jerry’s, opening their first Melbourne store at 151 Chapel Street, Windsor,” he said.
The increase in enquiry from food operators has typically been in the slightly lower rental pockets, such as Vietnamese restaurant Miss Chu opening up a site at 276 Toorak Road, South Yarra.
<img alt="south-yarra-retail-aug-21-two" height="314" width="470" src="/images/stories/2013/08/south-yarra-retail-aug-21-two.jpg">
Other retailers moving into Chapel Street include American hot-dog specialist Massive Wieners expanding into 226 Chapel Street, with plans for 24-hour operation.
Fitzroys city retail has also overseen French macaron manufacturer A La Folie move into 589 Chapel Street, and fast-growing health juice operator Press Juices has taken up Shop 4, 286 Toorak Road, South Yarra.
International Chinese tea retailer Quali-T has leased 173 Toorak Road.
Mexican concept chain Zambrero’s has also recently taken up 374 Chapel Street, South Yarra, with the organisation matching their meals served with donations to their own charity.
In the Prahran area, Fitzroys has overseen UK menswear retailer Peter Werth move into 216 Chapel Street, and Cotswald Furniture is opening in High Street.
Rainey said the Peter Werth deal followed an increase in the number of fashion operators taking space in the edgier section of Chapel Street in recent years. Popular brands Jack London, Gorman, White Suede and Dangerfield have all taken up space in the area.
Rainey added that South Yarra was showing once-in-a-generation opportunities for retailers to look beyond the cycle and secure high quality shops on long-term leases that have not been available for decades.
<img alt="south-yarra-retail-aug-21-one" height="314" width="470" src="/images/stories/2013/08/south-yarra-retail-aug-21-one.jpg">
“Landlords are meeting the market where required and the resurgence in enquiry over the past few weeks and months should see most stock leased within a short time frame.”
“The fundamentals of the strip remain quite healthy.”
He said rents on Chapel Street typically ranged from $1,000 to $1,500 per sqm, and Toorak Road from around $600 to $800 per sqm.
The South Yarra end has been working through rental adjustments from the highs of 2007/08, perhaps to the benefit of the Prahran and Windsor parts of the strips, which have seen some new retail faces with leases to IGA and a major bar and restaurant soon to be announced.
Fitzroys senior manager Charles Emmett said many of these groups were gearing up to serve the surge in local population attributable to the high volume of apartments going up in Forrest Hill, as well as the old warehouse sections to the back of Chapel Street, South Yarra and Prahran.
He said rents in the Prahran section of Chapel Street were currently between $700 and $900 per sqm.
Fitzroys’s city retail team is now leasing the former Bettina Liano shop at 471 Chapel Street, South Yarra, as well as the ex-Puma site at 514 Chapel Street, South Yarra.
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Chapel Street regains retail interest: Fitzroys

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Selling in winter made a lot of sense this year, but the emerging big jump in auction numbers will shortly test the depth of the market place.
There are plenty of early birds putting their properties to auction on Saturday August 31, 2013.
Sydney has a record 500 plus vendors jumping in before spring officially starts and Melbourne has 700 plus vendors over the next two weekends, according to Australian Property Monitors.
Especially in Sydney, these numbers are substantially higher than in any recent year, with Property Obverver tracking back to winter 2008.
On the last Saturday of winter 2012 there were 300 auction offerings in Sydney and 520 in Melbourne.
On the last winter Saturday in 2011 there were 375 auctions in Sydney and 560 in Melbourne.
In 2010 there were 430 in Sydney, and with Melbourne then an auction powerhouse there were 720 offerings in Melbourne on that last August Saturday in 2010.
Sydney had 300 and Melbourne 650 listings on August 29, 2009.
Sydney had 300 and Melbourne 550 listings on August 30, 2008.  
The August 31, 2013 push is, in part, a reaction of vendors seeking to avoid the clash with the September 7 federal election.
September, while the official start to the spring selling season, is a tricky month given there are the interuptions of the grand final weekend, especially in Melbourne, and also school holidays. 
So yes the winter property season does bring a new set of challenges for both buyers and sellers. But winter can still present terrific opportunities to sell. And the season doesn't stop plenty of people out there looking for homes to live in.
It was mid-June this year when the sage John McGrath suggested the selling climate was "as good now as it was in autumn or will be in spring."
He was certainly spot on about the ensuing two months. But I'm not convinced will he necessarily be as right about the tail end of this spring?
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Selling in winter made a lot of sense this year

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Sydney's auction clearance rates are still tracking record levels with last weekend's year-high of 83.8%, the fifth consecutive result above 80%.
Australian Property Monitors says Sydney's weekend auction clearance rates are 25% higher than this time last year.
"Buyers are competing fiercely for properties, particularly in the lower and middle price brackets," APM's senior economist Dr Andrew Wilson said.
There are 402 auctions scheduled for this weekend, similar to last weekend, but considerably higher than the 278 auctioned on the same weekend last year.
With 69 scheduled auctions, Sydney's inner west is the most popular region followed by the upper north shore with 53 auctions, then the city and east with 42 and the south with 41.
The most popular suburb for house auctions is Mosman on the lower north shore with eight.
Ryde ranks next with six.
The inner west suburbs with five auctions include Strathfield, Marrickville, Burwood and Lilyfield.
Fairfield is the leading suburb for unit auctions in Sydney with four auctions.
Sydney July auction listings were up 16.5% at 1,577 compared to last July's 1,344 listings.
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Sydney set for another 400-plus bumper auction weekend

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The latest Reserve Bank of Australia minutes sent home loan lenders a warning shot not to recklessly lower lending standards.
It was deemed as "especially important" lenders behave cautiously while official cash rates are at their historic lows. 
It was said against the backdrop of dwelling prices having increased to 7% above recent previous troughs, with clearance rates noticeably higher than a year ago and housing turnover having increased.
“Overall, recent data and information were consistent with further recovery in the established housing market and moderate growth in dwelling investment."
It noted lending rates had declined to historically low levels which were "continuing to provide a substantial degree of policy stimulus to the economy.”
“This was most evident in the housing market, with the lags in the effect of policy meaning that earlier actions were still likely to take some time to have their full effect on demand more generally.”
But it warned banks to remain vigilant in their lending policies.
“Members observed that banks' asset performance and funding structures continued to improve, and their profitability remained strong compared with that seen in most other advanced economies. In the current environment of low interest rates and slow credit growth, members agreed that it was especially important that banks maintained prudent lending standards.”
The minutes noted board members had been briefed on the bank's half-yearly check-up of the financial system which will be published next week.
It acknowledged Australia's banking system was in a "relatively sound position" but noted risks posed by very cheap credit.
I've looked at the Home Loan Advice Centre which has a rough guide for buyers who are looking to purchase a property and would like a guide on how much they can borrow.

For a single applicant with a net annual income of $40,000, the maximum amount you can borrow is about $315,000.

For married or de facto couples with a net annual income of $120,000, the maximum amount you can borrow will be about $1,170,000.

For couples with one dependent, this figure goes down slightly to $1,123,000.

Maximum loan levels will be less than the above figures where two individuals (i.e. two friends) are making a joint application.
<img height="280" width="470" src="/images/stories/2013/08/Screen_Shot_2013-08-16_at_3.38.29_PM.png" alt="Screen_Shot_2013-08-16_at_3.38.29_PM">
It's noted the amount you can borrow is affected by the deposit, the income and the bank's serviceabilty criteria - which is linked to interest rates, cost of living, and your existing liabilities etc.
Maximums will differ between different lenders.
<a target="_blank" href="https://www.homeloanadvicecentre.com.au/tools/howmuch.php">The table assumes you have no other loans</a>.
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Just how much should you prudently borrow even if the banks ignore the RBA cheap money warning? 

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Lawyer Elisa Robinson and husband Scott have listed their Richmond home for August 31 auction.
Located at 11 Gough Place, the three-bedroom home is listed with a $870,000 plus price guide.
The property features a corian stone kitchen, polished floorboards and a private deck.
It is listed with Elliot Gill and Jodie McCarthy of J<a href="https://www.jelliscraig.com.au/index.cfm?objectid=6F101E48-D453-ADC5-E012FA57B54C1023&amp;pid=20082#.Ug112uBAt6o" target="_blank">ellis Craig Bennison Mackinnon.</a>
The median house price in <a href="/news">Richmond</a> is $769,000, a 10.6% change in five years, according to RP Data.
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