Melbourne developer <a href="https://www.apartments.com.au/developers/pdg-corporation">PDG</a> has unveiled its vision for the former Water Tank Site in Ivanhoe, which would see it transformed into a thriving residential neighbourhood, complete with a 2000 sqm public park.&nbsp;

Delivered in partnership with <a href="https://www.apartments.com.au/developers/development-victoria">Development Victoria</a>, the proposal would transform the prominent corner of Bell Street and Upper Heidelberg Road into a connected community comprising two residential buildings, generous public open space and shared amenities.&nbsp;

The vision includes 287 one, two and three-bedroom apartments, with a minimum of 10 per cent allocated to affordable housing, alongside a 2,000-square-metre publicly accessible park featuring a children's playground, activity lawn, indigenous planting, timber climbing logs, seating areas and a rock gathering circle.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/dko-architecture">DKO Architecture</a>, the proposal draws on the site's industrial heritage, using a robust architectural language that references the former water tank through expressive structural elements and durable, self-finished materials.&nbsp;

Extensive landscaping has been woven throughout the development, creating a living landscape that strengthens connections to nature while responding sensitively to the surrounding neighbourhood. Two residential buildings ranging from three to 12 storeys are linked by a landscaped forecourt, creating a welcoming arrival experience and improving pedestrian connections through the site.&nbsp;

Residents would also enjoy more than 1,000 square metres of communal open space, including barbecue and dining facilities, vegetable gardens, landscaped seating pavilions and a dedicated coworking space.&nbsp;

PDG Founder and Managing Director Vince Giuliano said the vision reflected an opportunity to transform one of Ivanhoe's most recognisable sites into a place that balanced housing, community and landscape.&nbsp;

"This is an opportunity to reimagine an important site and create a neighbourhood that delivers lasting benefits for Ivanhoe," Giuliano said.&nbsp;

"We're creating much more than new homes. The vision brings together affordable housing, quality architecture, meaningful public open space and shared places that encourage people to connect, while respecting the site's history and its place within the local community."&nbsp;

Development Victoria’s Executive General Manager Precincts, Niall Cunningham, said the application is an important step for the government-owned site.&nbsp;

“This is about delivering more homes in a well-connected location, along with public open space that the Ivanhoe community will benefit from for years to come,” Cunningham said.&nbsp;

PDG was selected as development partner in late 2025 following a competitive tender process.&nbsp;

A planning submission for the project is currently being progressed through the Victorian Government's Development Facilitation Program, with positive early engagement from both Banyule Council and the Department of Transport and Planning.

Joel Robinson

PDG unveils plans to transform landmark Ivanhoe Water Tank Site

Shane Wilkinson's <a href="https://www.apartments.com.au/developers/pace-development-group">Pace Development Group</a> has lodged plans for a major residential precinct on the former Presentation College site in Windsor, with an eight-building masterplan ultimately rising to 10 storeys.

The proposal at <a href="https://www.apartments.com.au/new-apartments/167-dandenong-road-windsor-vic-3181">167–187 Dandenong Road</a> spans a substantial 19,027 sqm site and is being progressed across six stages, with the first residential stages comprising 170 homes across four buildings designed by <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>.

Stage Two will deliver the bulk of the initial housing, with Building A comprising 81 apartments and Building B 49 apartments, both rising to six storeys.

Stage Three will deliver a further 40 homes. The heritage Nagel Building, identified as Building C, will be converted to 12 dwellings, while a new five-storey Building D will comprise 28 apartments at the Hornby Street and Dandenong Road corner.

The 170 homes across Stages Two and Three will include a mix of one, two and three-bedroom apartments, including townhouse-style dwellings.<img alt="First look: Pace plans landscaped housing precinct on former Windsor school site" data-entity-type="file" data-entity-uuid="83c56e3e-dfb9-4e12-b172-c3f18513ec32" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_9.png?VersionId=xRcRpSZsxX.UX_NDDGcRZktw7HVrzx7u" />

&nbsp;

The longer-term masterplan points to considerably greater density across the site.

Indicative plans show Building E accommodating around 80 dwellings across up to 10 storeys, while Building F is earmarked for around 120 dwellings and also up to 10 storeys. Building G is planned to range between four and 10 storeys, however its apartment yield is yet to be determined. That means the masterplan currently identifies at least 370 dwellings across Buildings A to F before any apartments within Building G are counted.

Across the 1.9-hectare site, that represents an indicative density of at least 194 dwellings per hectare, with the final figure to increase once the yield of Building G is established.

Pace is pursuing the project through the Victorian Government's Development Facilitation Program, with Urbis lodging a combined Section 96A planning scheme amendment and planning application on behalf of the developer, which secured the site earlier this year.

The application seeks detailed approval for Stages One, Two and Three, alongside approval of the broader masterplan framework that will guide the later residential stages. Stage One will see an existing heritage building adaptively reused for a wellness and fitness-related facility, while the broader precinct will retain several significant heritage buildings and established trees as part of the redevelopment.

A minimum 10 per cent affordable housing contribution is proposed across both the initial residential stages and the later masterplan stages, delivered through a discounted rental model.

The project comes immediately after a major change to the site's planning controls.

The site was rezoned to the Housing Choice and Transport Zone through Planning Scheme Amendment GC285, gazetted on July 22, 2026, and now sits within the inner catchment of the Windsor Station precinct under the State Government's Train and Tram Zone Activity Centres Program.

While the new controls identify large sites within the inner catchment for buildings of up to six storeys, Pace's masterplan pushes height to 10 storeys in parts of the site, with the taller buildings concentrated toward the centre and along the Sandringham railway corridor.

Lower-scale built form is proposed toward the site's more sensitive residential and heritage edges, with Buildings A and B generally stepping from three storeys at their interfaces to six storeys at upper levels.

Cera Stribley's masterplan breaks the development into a collection of separate buildings rather than a continuous built form, with landscaped spaces, new pedestrian links and a new publicly accessible road forming part of the precinct.

The planning report says the development will create new pedestrian connections to Elm Place and along the railway corridor, as well as a new publicly accessible road linking Elm Place with Dandenong Road. The proposed buildings will occupy around 54 per cent of the site, leaving a substantial portion available for landscaping, communal areas and permeable surfaces.

Urbis said the scale of the project reflected the site's strategic location close to Windsor Station, tram services and the Chapel Street Activity Centre, with the former school campus identified as a significant opportunity to increase housing supply on an underutilised inner-Melbourne site.

&nbsp;

First look: Pace plans landscaped housing precinct on former Windsor school site

<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.

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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.

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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.

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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.

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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.

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"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.

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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.

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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.

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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.

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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.

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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’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.

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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.

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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.

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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.

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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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Capital city house prices rose 2.4% in the June quarter led by a surging Perth housing market, according to preliminary estimates of the ABS eight capital city price index.
This means the index is up 5.1% through the year to the June quarter 2013.
Apart from Hobart, all capital cities recorded gains in their price indices in the three months to June led by Perth (+3.4%) followed by Darwin (+2.9%), Sydney (+2.7%), Melbourne (+2.4%), Brisbane (+1.9%), Canberra (+1.0%) and Adelaide (+0.3%).
Hobart’s price index fell 1%.
The ABS also upwardly revised its March quarter estimate from a 0.1% rise to a 0.8% gain. 
The latest data means the Perth house price index is now up 11% over the past 12 months - the fifth consecutive through-the-year rise.
Perth housing clusters with median prices below $750,000 contributed most to the rise in the June quarter 2013.
In Sydney, the ABS said clusters with median prices between $400,000 and $850,000 contributed most to the rise in the June quarter 2013.
Sydney’s index rose 6.1% through the year to the June quarter 2013, the fourth consecutive through the year rise.  The preliminary estimate for Melbourne (+2.4%) follows a rise in the March quarter 2013 (+0.1%, revised from +0.2%). The rise in Melbourne was consistent across a broad range of clusters. The index rose 3.3% through the year to the June quarter 2013. This is the second consecutive through the year rise. Capital city house prices rose 2.1% in the December quarter 2012 and fell 0.2% in the September quarter, according to final ABS revisions.
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Perth leads capital city house prices up 2.4% in June quarter: ABS

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The RBA has cut the cash rate by 25 basis points to a new record low of 2.5% following its monthly monetary policy meeting today.
The cash rate is now 50 basis points below the previous official low of 3% reached, following the onset of the GFC, in April 2009.
Prior to this, the previous low was in January 1960 with a <a target="_blank" href="/news">2.89% ‘cash rate’ recorded</a> based on proxy historical RBA data going back to 1959 – the RBA only started publishing official interest rate setting in January 1990.
The rate cut was anticipated by nearly all economists following the RBA sitting on its hands in June and July.
<a title="The pace of borrowing has remained relatively subdued until recently: RBA Governor Glenn Stevens' August statement" href="/news">The pace of borrowing has remained relatively subdued until recently</a>, RBA Governor Glenn Stevens said in his August statement.<a title="The pace of borrowing has remained relatively subdued until recently: RBA Governor Glenn Stevens' August statement" href="/news"></a>
You can read Property Observer's analysis of <a href="/news">what the RBA's decision will mean for you</a>.
"The pace of borrowing has remained relatively subdued, though recently there are signs of increased demand for finance by households,"the RBA governor Glenn Stevens said in the August monetary statement.
Banks are expected to pass on the rate cut in full though the impact on the housing market is expected to be muted.
The average variable mortgage rate should drop below 5.5% with Canstar reporting an average variable prior to today's decision of 5.71%.
RP Data national research director Tim Lawless says today’s reduction in the cash rate comes at a time “when the housing market is already responding to the low debt servicing environment”.
“Since the housing market reached a recent low point in May last year we have seen dwelling values rise by 6.5% based on the RP Data – Rismark combined capital city index. That equates to a gross profit of around $30,000 for the average home owner,” he says.
“The difficulty for the RBA going forward will be how to keep a lid on what may be viewed as excessive housing market growth while also providing a sufficient level of stimulus in place to the broader economy via their monetary policy settings.
“Glenn Stevens has previously commented that the RBA’s preference is for a pick-up in dwelling construction, not necessarily an increase in home values such as we are currently experiencing.
“Lower mortgage rates are likely to provide further motivation for buyers to become active, however with values rising it is going to be more difficult for prospective owners, particularly those without equity behind them, to come up with a deposit.
“This affordability challenge is likely to be most felt by the first home buyer segment and it may be the factor that continues to prevent prospective first time buyers from entering the housing market.
“For investors, with the average discounted variable mortgage rate now approaching the 5% mark they are likely to find more and more properties are approaching a cash flow neutral or cash flow positive yield.  Anecdotally more and more investors seem to be focusing on rental yield and positioning for long term capital growth,” says Lawless.
<a href="https://homeloans.propertyobserver.com.au/home-loans/?utm_source=Property+Observer+List&amp;utm_campaign=76e226e607-June_21_1_29_2013&amp;utm_medium=email&amp;utm_term=0_a523fbfccb-76e226e607-245347537" target="_blank"><img src="/images/stories/2013/08/homeloancomparison.jpg" width="399" height="110" alt="homeloancomparison"></a>
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RBA cuts cash rate to new record low of 2.5%

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The Federal Election campaign must address the issue of housing affordability, Australians for Affordable Housing have said.
The lobby group, which represents national housing, welfare and community sector organisations has tweeted a number of messages to its 2,159 followers about the issue of housing affordability authored by campaign manager Joel Pringle.
They preceded and followed the ABC's Q &amp; A program where the issue of housing affordability was discussed.
Pringle accused Liberal backer and commentator Grahame Morris of avoiding tackling the issue of housing affordability while telling Labor (represented by Senator Doug Cameron) of relying on past housing programs.
Pringle tweeted <a href="https://twitter.com/HousingStressed" target="_blank">@HousingStressed</a>: 
<a href="https://twitter.com/HousingStressed" target="_blank"><img alt="housing_affordability" height="592" width="470" src="/images/stories/2013/larry_uploads/housing_affordability.jpg"></a>
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Housing affordability a federal election issue

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A five-bedroom home in Balwyn North is this week’s most expensive sale, selling under the hammer at its August 3 auction for $2.8 million, according to RP Data.
Located at 34 Aquila Street, the recently built home features timber parquetry floors, raised ceilings, a home theatre and a Miele kitchen.
Situated on 774 square metres, the property also includes alfresco dining with an outdoor kitchen and a pool.
A crowd of around 100 people attended the weekend auction, with two bidders going head to head, according to James Buyers Advocates.
The property was listed through Laurence Murphy and Maurice DiMarzio of <a href="https://www.hockingstuart.com.au/34_AQUILA_STREET_BALWYN_NORTH_VIC_3104" target="_blank">Hocking Stuart Balwyn.</a>
The median house price in <a href="/news">Balwyn North</a> is $1 million, a 7.1% change in the past five years, according to RP Data.
Top 10 most expensive sales:
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/34_aquila_street_balwyn_north_vic_3104/14758376" target="_blank">34 Aquila Street, Balwyn North, VIC, 3104,</a> five-bedroom house, sold at auction on August 3 by Hocking Stuart Balwyn for $2.8 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/24_waiwera_street_lavender_bay_nsw_2060/3623624" target="_blank">24 Waiwera Street, Lavender Bay, NSW, 2060,</a> four-bedroom house, sold on July 31 by McGrath Estate Agents for $2.75 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/10_halcyon_avenue_wahroonga_nsw_2076/7191203" target="_blank">10 Halcyon Avenue, Wahroonga, NSW, 2076,</a> five-bedroom house, sold at auction on August 3 by McConnell Bourn Wahroonga for $2.58 million 
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/5_lomond_place_castle_hill_nsw_2154/1783185" target="_blank">5 Lomond Place, Castle Hill, NSW, 2154,</a> five-bedroom house, sold prior to auction on August 3 by McGrath Estate Agents for $2.45 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/134_edinburgh_road_castlecrag_nsw_2068/1789665" target="_blank">134 Edinburgh Road, Castlecrag, NSW, 2068,</a> four-bedroom house, sold prior to auction on July 31 by Richardson &amp; Wrench Northbridge/Castlecrag for $2.43 million 
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/86_through_road_camberwell_vic_3124/10228692" target="_blank">86 Through Road, Camberwell, VIC, 3124,</a> four-bedroom house, sold at auction on August 3 by Jellis Craig Glen Iris for $2.4 million 
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/6/110_north_steyne_manly_nsw_2095/16416001" target="_blank">6/110 North Steyne, Manly, NSW, 2095,</a> three-bedroom unit, sold at auction on August 3 by Belle Property Manly for $2.32 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/86_glassop_street_balmain_nsw_2041/1256130" target="_blank">86 Glassop Street, Balmain, NSW, 2041,</a> four-bedroom house, sold at auction on August 3 by Belle Property Balmain for $2.3 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/22_dunois_street_longueville_nsw_2066/3868464" target="_blank">22 Dunois Street, Longueville, NSW, 2066,</a> three-bedroom house, sold at auction on August 3 by Richardson &amp; Wrench Lane Cove for $2.275 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/14d/5_tambua_street_pyrmont_nsw_2009/14955959" target="_blank">14D/5 Tambua Street, Pyrmont, NSW, 2009,</a> three-bedroom unit, sold at auction on August 3 by Morton &amp; Morton Pyrmont for $2.1 million
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Five-bedroom Balwyn North home weekend's most expensive sale: RP Data

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The Block auctions in 2013 are now over and we congratulate all the contestants on their big financial windfalls again this year.
From Trixie and Johnno ($205,000), Bec and George ($242,000), Kim and Matt ($250,000), Madi and Jarrod ($291,000) and the overall winners twins Alyssa and Lysandra ($395,000 including prize money), the total combined profit was $1,283,000, working out to be an average of $256,000 each which was $210,000 less each than last year’s couples.
These results were significantly lower than the year before where profits included Dale and Sophie ($355,000), Mike and Andrew ($434,000), Dani and Dan ($448,000) and the overall winners Brad and Lara ($606,000) made a total combined profit being $1,843,000, working out to be an average of $466,000 each.  
You would be disappointed if you were the Cameron Street Richmond contestants, who combined won less than four of this year’s contestants with total winnings of only $225,000. 
Unfortunately there were no absolute bargains to be had again this year, unlike our purchase of Polly and Waz’s house in 2011 for $858,000 for one of our investor clients, which we then leased out for $995 per week.  
The auctions started with the South Australian twins Alyssa and Lysandra’s level one apartment.  
We were bidding for a female home buyer downsizing from a bigger family home in Glen Iris and unfortunately were blown away by at least six bidders and an eventual sale price of $1,435,000.
Our client was disappointed we fell short as she had already missed out on two Victorian terraces in last year’s Dorcas St, South Melbourne Block auctions.  
Myself and other real estate professionals believed that Trix and Johnno’s  penthouse apartment on level five would set the benchmark, as the views would have it estimated to be worth at least $200,000 to $250,000 more than the other apartments.
I estimated that it would sell for around $1,650,000 to $1,700,000 based on comparable sales in the area and was surprised when it only sold for $1,601,000. 
We were one of six bidders representing a downsizer client who currently lives in a bigger home in the South Melbourne area.  
We were bidding for a male home buyer upsizing to a bigger property from his current Southbank apartment for Madi and Jarrod’s level four apartment and unfortunately were blown away by at least six bidders and an eventual sale price of $1,601,000.
Our client was disappointed but we stuck to our budget again. 
Russell Cambridge from Biggin and Scott Real Estate again did a textbook auction as he did in 2011 and made sure he got every last dollar out of two remaining buyers who slugged it out at the end.  
 
<hr class="system-pagebreak">
My predictions were then revised to around $1.5 million for the two remaining properties.
We were determined to try and secure one of these apartments for our female home buyer.
We knew we were in trouble when the under bidder of the last auction who bid to $1,600,000 started bidding for Bec and George’s level three apartment. 
A bit of banter and fun including offering to show the other bidder where the lift was so he could leave and let me buy it and offering to take him to dinner if he stopped bidding didn’t work and wasn’t enough! 
We were one of  six bidders who missed out to this gentleman who secured the property for $1,507,000.  
The last auction was my last chance to help my client achieve her dream of a lifestyle change to the vibrant inner city area of South Melbourne. 
I call myself an Aussie Battler as I just battle on and work hard through challenges and my competitive juices were flowing.
Having bid at over a thousand auctions over the last 13 years as a buyers’ advocate / buyers’ agent,  I used every bit of my experience to come up with a game plan that would be successful. 
I had known my client and her former partner who passed away as friends/clients/business partners for over 13 years since we both commenced businesses together and I was determined to help her open a new exciting chapter in her life. 
So just as one of my favourite inspirational characters Rocky did, I picked myself up of the canvas after four missed auctions and started bidding aggressively with strong confident knockout bids. 
My client was overwhelmed with emotion and tears as she could finally start her new life when the seasoned auctioneer Damian Cooley knocked it down to me for $1,455,000.  
My third experience bidding on The Block has definitely been an interesting one and I am surprised by all the attention I have received.
My favourite moment though was being interviewed by Rosso on the Merrick and Rosso radio show, which was great fun and being asked whether I was now going to be the new intruder on Big Brother! 
I look forward to being involved in The Block again next year which, rumour has it, won’t be moving too far and it will involve some warehouse conversions in Albert Park.
Frank Valentic is managing director of award-winning buyers' agency <a rel="nofollow" target="_blank" href="https://www.advantageproperty.com.au/">Advantage Property Consulting.</a>
 
 
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Bidding and winning at The Block Sky High auction day

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Borrowers should expect the major banks to pass on an expected rate cut in full and swiftly, but with little impact on the property market, says Aussie Home Loans founder John Symond.
“People are cautious and sit on their hands around election time and the property market will just stagnate between now and Christmas,” Symond has told David Koch on Sunrise in his regular pre-RBA chat.
Symond suggested this period of stagnation “might be a good time to be out there and buying”.
While he expects little impact on the property market, given that interest rates are already at historic lows, he says a rate cut will be good for small businesses and general perception.
He expects the RBA to cut the cash rate today and for the banks to pass on the rate cut in full and in good time.
“There are no excuses for the banks not to pass on rate cut in full and I expect them to pass it all on pretty fast.”
But he does not expect that it will make a big difference for those out there looking to buy a house given the competition between investors and first-home buyers for inner city property in capital cities.
Symond says this part of the market is very active with first-home buyers having trouble getting into the market and competing with investors for properties prices between $500,000 and $600,000.
“[The yields on these properties] are very good and better than the more expensive properties,” he says.
As for the reasons the RBA will cut the cash rate to 2.5%, Symond says that while the economy is not falling off a cliff, it is “certainly showing signs that the steam is coming right out”.
“The RBA is worried the economy might get to a stage where it might stall, it needs to pump some energy into the economy and the best way to do that is to drop interest rates.
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Any RBA rate cut passed on in full won’t do much for property market: John Symond

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A Sydney inner west development known as Montrose, has sold six of its seven townhouses since launching three weeks ago.
Located on Great North Road in Abbotsford, four townhouses sold for $1.19 million to $1.45 million to young professionals and young families.
“The buyers have been young professionals with one or two children looking to upgrade into a quality development with low maintenance,” says Eddie Mansour of Ray White Projects.
“The purchasers have predominantly been locals,” Eddie Mansour told Property Observer.
Two of the properties are to be retained by the developer – The Montrose Property Group.
Property Observer gathers three of the four sales have been to locals.
Each three- and four-bedroom townhouse is approximately 175 square metres internally with an external area of 80 square metres. 
Designed by Lufi &amp; Associates, the homes feature travertine floors and a mix of textures including render, sandstone and timber.
The kitchens boast Carrera marble, Quantum Quartz and Smeg appliances.
The last townhouse is listed from $1.4 million and is the largest with four bedrooms, two living areas and a plunge pool.
The townhouses are located close to Abbotsford Ferry Wharf, Abbotsford Village and Hen and Chicken Bay.
Montrose is scheduled for a mid 2014 completion.
The development is being marketed through Eddie Mansour and Kieron Stedman of <a href="https://www.raywhite.com/nsw/abbotsford/987930/#.UgAv9-BAt6o" target="_blank">Ray White Projects</a>.
The median unit price in <a href="/news">Abbotsford</a> is $718,750, a 29.5% change in the last five years, according to RP Data.
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Sydney's Abbotsford Montrose townhouses a hit with locals looking to upgrade

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Today the Reserve Bank of Australia will sit down to decide whether or not to cut the cash rate to a new record low of 2.5%.
According to RBA data, it has been 53 years since the interest rates were this low - the previous low was 2.89% in January 1960.
RP Data's Cameron Kusher noted that the housing market is likely to continue its current path of modest value increases.
Kusher says that if  "<a target="_blank" href="/news">the</a><a target="_blank" href="/news"> two additional cuts to interest rates come to fruition, value growth may start to accelerate.</a>"
Similarly, John Symond does no expect a rate cut to have much impact on the housing market with caution around the <a href="/news">federal election to result in market stagnation</a> between now and the end of the year
{module Will a 25 point rate cut by the RBA cause any positive movement in the housing market?}
Meanwhile, Property Observer reported today in a an <a href="https://www.propertyobserver.com.au/finance/the-cheapest-fixed-and-variable-home-loan-rates-on-offer-starting-from-399/2013080563820" target="_blank">analysis of mortgage comparison websites</a>, that non-bank lender State Custodians offered one o the lowest variable rates of 4.74%.
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Will a 25 basis point rate cut by the RBA cause any positive movement in the housing market?

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Non-bank lender State Custodians is currently offering one of the lowest variable rates on the market, according to a search across mortgage comparison websites by Property Observer.
State Custodians offers a variable rate of 4.74%.
Its Peak Performance Offset home loan allows for a maximum of 80% loan to valuation ratio, and can be used as either an owner occupier or investment loan.
Variable rates may fall further if the Reserve Bank of Australia (RBA) announces a further rate cut today.
The Greater Building Society offers the lowest one-year fixed-rate home loan at 3.99%. Property Observer reported last week that it is <a target="_blank" href="/news">currently the only home loan with a rate below 4%</a>.
HomeloanHQ currently offers the lowest thee-year fixed-rate loan at 4.69%. The Rate Lock Home Loan can be used for both purchases and refinance, and allows for a 75% loan to valuation ratio.
These are the lowest advertised variable and fixed mortgage rates based on listings on mortgage comparison websites <a target="_blank" href="https://www.ratecity.com.au/">ratecity.com.au</a>, <a target="_blank" href="https://mozo.com.au/">Mozo.com.au</a>,  <a target="_blank" href="https://www.infochoice.com.au/">infochoice.com.au</a> and <a target="_blank" href="https://www.homeloanfinder.com.au/">finder.com.au</a> as of August 2:
Where the headline rate is the same, the lender with the lowest comparison rate gets preference.
Lowest variable rate offerings:
<table border="1" cellspacing="0" cellpadding="0" width="469"><tbody>
<tr>
<td valign="top" width="134">
Provider
</td>
<td valign="top" width="125">
Loan name
</td>
<td valign="top" width="93">
Rate
</td>
<td valign="top" width="117">
Comparison rate*
</td>
</tr>
<tr>
<td valign="top" width="134">
State Custodians
</td>
<td valign="top" width="125">
Peak Performance Offset
</td>
<td valign="top" width="93">
4.74%
</td>
<td valign="top" width="117">
5.11%
</td>
</tr>
<tr>
<td valign="top" width="134">
UBank
</td>
<td valign="top" width="125">
UHome Loan (Refinance Only)
</td>
<td valign="top" width="93">
4.87%
</td>
<td valign="top" width="117">
4.87%
</td>
</tr>
<tr>
<td valign="top" width="134">
Loans.com.au
</td>
<td valign="top" width="125">
Dream Loan Express
</td>
<td valign="top" width="93">
4.87%
</td>
<td valign="top" width="117">
4.89%
</td>
</tr>
</tbody></table>
Lowest one-year fixed-rate offerings
<table border="1" cellspacing="0" cellpadding="0" width="469"><tbody>
<tr>
<td valign="top" width="125">
Provider
</td>
<td valign="top" width="113">
Loan name
</td>
<td valign="top" width="84">
Rate
</td>
<td valign="top" width="106">
Comparison rate*
</td>
</tr>
<tr>
<td valign="top" width="125">
Greater Building Society
</td>
<td valign="top" width="113">
Ultimate Home Loan package
</td>
<td valign="top" width="84">
3.99%
</td>
<td valign="top" width="106">
5.46%
</td>
</tr>
<tr>
<td valign="top" width="125">
Newcastle Permanent
</td>
<td valign="top" width="113">
One year fixed rate
</td>
<td valign="top" width="84">
4.39%
</td>
<td valign="top" width="106">
5.69%
</td>
</tr>
<tr>
<td valign="top" width="125">
UBank
</td>
<td valign="top" width="113">
UHome Loan for refinancing
</td>
<td valign="top" width="84">
4.68%
</td>
<td valign="top" width="106">
4.79%
</td>
</tr>
</tbody></table>
Lowest three-year fixed-rate offerings
<table border="1" cellspacing="0" cellpadding="0" width="473"><tbody>
<tr>
<td valign="top" width="133">
Provider
</td>
<td valign="top" width="130">
Loan name
</td>
<td valign="top" width="95">
Rate
</td>
<td valign="top" width="115">
Comparison rate*
</td>
</tr>
<tr>
<td valign="top" width="133">
HomeloanHQ
</td>
<td valign="top" width="130">
Rate Lock Home Loan
</td>
<td valign="top" width="95">
4.69%
</td>
<td valign="top" width="115">
5.19%
</td>
</tr>
<tr>
<td valign="top" width="133">
Resi
</td>
<td valign="top" width="130">
FlexiFix Plus 75
</td>
<td valign="top" width="95">
4.78%
</td>
<td valign="top" width="115">
5.54%
</td>
</tr>
<tr>
<td valign="top" width="133">
Mebank
</td>
<td valign="top" width="130">
Three year fixed (member package rate)
</td>
<td valign="top" width="95">
4.79%
</td>
<td valign="top" width="115">
5.26%
</td>
</tr>
</tbody></table>
*A comparison rate includes both the interest rate and the fees and charges relating to a loan, combined into a single percentage figure.
For information on refinancing, watch our free webinar <a target="_blank" href="/news">The Do's and Don’ts of Refinancing Your Existing Home Loan ... and How to Avoid Unnecessary Hurdles</a>.</body></html>

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The cheapest fixed and variable home loan rates on offer starting from 3.99%

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The last time we saw mortgage rates this low was in 2009 and prior to that it was a brief period in 2001 and in 1970.
RP Data confirms that it has been more than 50 years since official interest rates have been this low and subsequently, the cost of borrowings, particularly for housing, is at some of the lowest levels seen over this time.
The standard variable mortgage rate is currently recorded at 6.2% and is much lower than the 20 year average of 7.6%.
<img height="209" width="470" src="/images/stories/2013/08/kusher-aug-5-chart-1.gif" alt="kusher-aug-5-chart-1">
Outside of a brief period in late 2008/early 2009, the current average standard variable mortgage rate is at its lowest levels since late 2001.
Discounted variable mortgage rates have been introduced over recent years and the vast majority of mortgagees receive these mortgage rates on their home loan which means that many variable home loans are now available at an interest rates below 5.5% with the big four banks advertising average rates of 5.4%.
With mortgage interest rates so low, it is no surprise that there has been a ramp-up in housing finance commitments, albeit from historically low levels throughout 2013, and a subsequent rise in transaction activity.
Another feature of the current market is that the less popular three year fixed mortgage rates are available at a particularly low interest rate. The average three year fixed mortgage rate was recorded at 5.15% at the end of June 2013.
<img height="239" width="470" src="/images/stories/2013/08/kusher-aug-5-chart-2.jpg" alt="kusher-aug-5-chart-2">
It seems more likely they will fall rather than rise over the short-term.
Of course, the vast majority of mortgagees continue to choose variable mortgages which have a higher interest rate - it is interesting to note the rising prominence of fixed rate mortgages.
 A number of lenders are currently offering fixed rate products at less than 5%.
<img height="237" width="470" src="/images/stories/2013/08/kusher-aug-5-chart-3.jpg" alt="kusher-aug-5-chart-3">
I expect that the housing market is likely to continue on its current trajectory of moderate value increases.
In fact, should the two additional cuts to interest rates come to fruition, value growth may start to accelerate.
Lower interest rates and the subsequent lower mortgage rates are undoubtedly providing an impetus for greater housing market activity.
<img height="238" width="470" src="/images/stories/2013/08/kusher-aug-5-chart-4.jpg" alt="kusher-aug-5-chart-4">
The key challenge will be maintaining this higher level of housing activity as the unemployment rate nudges higher, commodity prices head lower and with slower economic growth.
As a result, the markets more closely linked to the resources sector such as Perth and Darwin may record lower levels of value and rental growth whereas those such as Brisbane and Adelaide that have recorded a sustained period of under performance may start to pick-up as they start to look relatively more affordable, particularly compared to Sydney, Melbourne and Perth where value growth is currently much stronger.
Cameron Kusher is senior research analyst at <a target="_blank" rel="nofollow" href="https://www.myrp.com.au/">RP Data</a>.
 
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