Family-owned builder and developer <a href="https://www.apartments.com.au/developers/omaya">Omaya</a> is bringing its 27-storey The Maybelle development to market, with the 229-apartment tower rising alongside Ismay Reserve near North Strathfield.

<a href="https://www.apartments.com.au/new-apartments/the-maybelle-21-parramatta-road-homebush-nsw-2140">The Maybelle</a> will comprise one, two and three-bedroom apartments, with its height providing elevated outlooks towards the Sydney skyline and Harbour Bridge, while other residences will look across neighbouring Ismay Reserve.

Designed by <a href="https://www.apartments.com.au/architects/squillace-architects">Squillace Architects</a>, the tower combines its parkside setting with proximity to the established retail, dining and transport amenity around North Strathfield.

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Residences will feature open-plan living spaces and a choice of two interior schemes, while communal amenity is spread across two elevated levels of the building.

Level 8 will be home to the Garden Pavilion, a full-floor resident space incorporating communal entertaining and breakout areas, seating and recreation spaces. Further up the tower, a landscaped Sky Terrace on Level 14 will provide another communal area with panoramic views towards the Harbour Bridge and Sydney skyline.

At ground level, the development sits directly alongside Ismay Reserve, where lawns, walking paths, children's play areas, picnic spaces and recreational facilities extend the green space available immediately around the project.

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The Maybelle is also within walking distance of North Strathfield and the Bakehouse Quarter, which provides a mix of cafés, restaurants, shops and everyday services.

Existing rail and bus services provide connections across Sydney, while the future North Strathfield Metro and access to the M4 will add to the transport options available around the precinct. Walking and cycling routes also extend via Powells Creek towards Sydney Olympic Park and its sporting, entertainment and parkland precincts.

Families are also well positioned for access to a broad selection of established schools and education options across Strathfield and the surrounding Inner West.

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Omaya has operated in Sydney for more than 35 years, managing projects from acquisition and design through to construction and delivery. The family-owned company is both developer and builder of The Maybelle.

Apartments start from $560,000, with the development protected by 10-year Latent Defects Insurance.

Construction is well underway, with completion expected by the end of 2026 and move-in anticipated from Q1 2027.

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Joel Robinson

The Maybelle brings 27-storey parkside tower to market near North Strathfield

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.

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

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.

[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.

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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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There is now an opportunity to rent an apartment in one of Sydney’s newest developments and move in with just your clothes.
The one and two bedroom apartments (pictured below) at One Central Park on Broadway can be fully furnished and fitted with appliances from a teaspoon to a whole sounds system ready for their new tenants to move in.
{yoogallery src=[images/stories/2013/07/july3onecentralpark]}
Furnished apartments that have been completely sourced and installed has been popular in metropolises abroad and is coming to Sydney, said David Butt, <a target="_blank" href="https://www.greencliff.com.au/">Greencliff Realty</a> sales director.
“This trend has been common in cities such as New York, Tokyo, London and Hong Kong for some time – this is definitely the future of Sydney’s property market,” he said.
The reason behind this is the number of residents in these locations who don’t want to buy large amounts of furniture for a short stay in the city.
“These larger cities also tend to attract more transient or short-term occupants such as working holiday visa carriers who need to rent everything for the length of their holiday,” said Butt.
{yoogallery src=[images/stories/2013/07/july3onecentralparktwo]}
Interior designs are by Senija Lukacevic of Focus Design Group who can decorate the apartment according to the tenants' needs.
The cost of an interior designed apartment start at $475 per week for a one bedroom studio to $800 per week for two bedroom apartments.
Apartments can also be rented without furnishings. 
One bedroom suites that previously sold for $480,000-550,000 can now be rented unfurnished for $490-595 per week.
Two bedroom apartments that sold for $700,000-$820,000 can be rented unfurnished for $785-900 per week.
Dual key apartments that were sold for $900,000- $1.2m and are can be leased for $1050- $1300 per week.
The apartments availble to rent are owned by individuals and they are part of 623 apartments in the One Central Park high-rise in residential and commercial development Central Park.
A two-bedroom apartment in the same suburb at <a target="_blank" href="https://www.realestate.com.au/property-apartment-nsw-chippendale-410761403">302/30 Buckland Street Chippendale</a> is available to rent at $800 per week. 
A studio apartment at <a target="_blank" href="https://www.realestate.com.au/property-apartment-nsw-chippendale-410601903">206/82 Abercrombie Street Chippendale</a> has an asking rent of $390 per week.
Despite One Central Park’s position in the city’s educational hub near Sydney University and University of Technology, Sydney, it hasn't been overwhelmed by student rentals.
“I think they’ve got quite a young professional demographic at the moment. They’ve had a really strong demand. And very few uni students even though it’s a student area,” a Greencliff spokesperson said.
'There's a broad cross section of professionals, couples, singles, with a sprinkling of good quality student tenants.
'We have attracted people who are excited by the facade, the newness, the architectural integrity, and wanting to be an early part of this new and exciting community emerging at Central Park.
"The location attracts those wanting walking access to all this position has to offer."
The professional renters have been attracted as Central Park’s exclusive features and its resultant asking rent are higher than that of average Chippendale student housing.
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Furnished or unfurnished? Central Park rental opportunities including interior design

A circa-1911-built church in the Orara Valley, NSW, has been&nbsp;sold for $180,000.

The&nbsp;heritage property is at<a href="https://www.nswrealestate.com.au/pol/property/search.asp?f_propertyID=1914640&amp;xsl=2943" target="_blank">&nbsp;612 Upper Orara Road&nbsp;</a>.

Under provisions of the Coffs Harbour LEP 2000 this &lsquo;Rural 1A&rsquo; zoned property can be converted into a dwelling, with the addition of a bathroom and kitchen.

The Coffs Harbour-based NSW Real Estate agent Grant Larsen, who negotiated the sale, says the new owners intend to restore the building to its former glory and convert it into a dwelling for their own use.

Larsen says he received solid interest in the property during the marketing campaign.

&ldquo;The property received over 6,600 views on the internet sites and in excess of 50 buyer inspections,&rdquo; he says.

According to the property listing the former Anglican Church is &ldquo;a high quality example of a &lsquo;carpenter gothic style&rsquo; church from the early 20th&nbsp;Century.&rdquo;

One of four Anglican Churches in the Orara Valley, it has solid timber walls, high-pitched timber ceilings, exposed timber trusses, arched doors and leadlight windows as well as front, side and rear entrances.

Situated on 1,011 square metres of land and nestled amongst liquidambar trees the property was built from local timbers hauled to the site by bullock dray.

It was originally listed at $235,000.

&nbsp;

&nbsp;

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Century old Orara Valley church sells for $180,000

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Two mansions on Brownell Drive in Byron Bay are offering a slice of the luxury beach lifestyle.
 32 Brownell Drive Byron Bay and 41 Brownell Drive Byron Bay are for sale amid a rise in the number of people making the sea change, said agent Graham Dunn of Byron Bay Property Sales.
 “The big observation we’ve had here in the last six month is the number of people moving to Byron Bay...I’ve never seen this before,” he said.
 In the last five years, almost 3% of those under 24 in Byron Bay had left the region while the number of 55 to 74 year olds increased 5.6%, according to the Australian Beach Towns study by PRD Nationwide.
 “More and more people of the baby boomers are retiring now, so we’re seeing more of them now,” said Dunn.
 However, with the ease of telecommuting to work and doing business over the internet, Dunn says other age groups are also moving to the coastal city.
 “More and more people are seeking the lifestyle and if you’re working hard you might as well live the lifestyle,” he said.
 <a target="_blank" href="https://www.realestate.com.au/property-house-nsw-byron+bay-107264235">32 Brownell Drive Byron Bay</a> is a four-bedroom villa for sale off the plan for $3.8 million. The 800 square metre block of land it will sit on is the result of a recent subdivision.
 
The property has now been on the market since March 2011 after last selling for $2.03 million in July 2007 and $1.8 million in March 2002.
 <a target="_blank" href="https://www.realestate.com.au/property-house-nsw-byron+bay-105034092">41 Brownell Drive Byron Bay</a> is a four-bedroom house with pool on 911 square metres is for sale for $5.5 million. The two storey property has been on the market since July 2008.
 A four-bedroom house on about 820 square metres at <a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house-byron-bay-nsw-2481/168357">21 Brownell Drive Byron Bay</a> sold for $5.6 million in December last year after previously selling for $3.325 in September 2010.
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Two Brownell Drive, Byron Bay mansions for sale aimed at wealthy seachangers

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<a target="_blank" href="https://www.rba.gov.au/media-releases/2013/mr-13-13">
<h3 id="mr-title"></h3>
</a>
 Statement by Glenn Stevens, Governor: Monetary Policy Decision
<a target="_blank" href="https://www.rba.gov.au/media-releases/2013/mr-13-13">At its meeting today, the Board decided to leave the cash rate unchanged at 2.75 per cent.</a>
Recent information is consistent with global growth running a bit below average this year, with reasonable prospects of a pick-up next year. Commodity prices have declined further but, overall, remain at high levels by historical standards. Inflation has moderated over recent months in a number of countries.
Globally, financial conditions remain very accommodative. However, a reassessment by the market of the outlook for monetary policy in the United States has seen a noticeable rise in sovereign bond yields from exceptionally low levels. Volatility in financial markets has increased and there has been some widening of credit spreads.
In Australia, the recent national accounts confirmed that the economy has been growing a bit below trend over the recent period. This is expected to continue in the near term as the economy adjusts to lower levels of mining investment. The unemployment rate has edged higher over the past year and growth in labour costs has moderated. Inflation has been consistent with the medium-term target and is expected to remain so over the next one to two years, notwithstanding the effects of the recent depreciation of the exchange rate.
The easing in monetary policy over the past 18 months has supported interest-sensitive spending and asset values and further effects can be expected over time. The pace of borrowing has remained relatively subdued, though recently there are signs of increased demand for finance by households.
The Australian dollar has depreciated by around 10 per cent since early April, although it remains at a high level. It is possible that the exchange rate will depreciate further over time, which would help to foster a rebalancing of growth in the economy.
At today's meeting the Board judged that the easier financial conditions now in place will contribute to a strengthening of growth over time, consistent with achieving the inflation target. It decided that the stance of monetary policy remained appropriate for the time being. The Board also judged that the inflation outlook, as currently assessed, may provide some scope for further easing, should that be required to support demand.</body></html>

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Subdued but increased demand for finance: RBA Governor's July meeting statement

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AFG recorded a 17% rise in mortgage sales in June compared to the same month last year. 
Australia’s largest mortgage broker sold 7,575 home loans worth $3.08 billion through its network of loan writers in June, well down on the 8,921 home loans sold worth $3.6 billion in May – a fall of 15%, some of which would be attributed to seasonality. 
However, sales are well up on June last year when AFG managed 6,691 sales worth $2.3 billion. 
Leading the pack was WA, with mortgage sales up 30% followed by Victoria (25.8%) and NSW (19.9%).  But Queensland mortgage sales for June were 2.7% lower than in June 2012, and South Australia figures were 10.3% lower. 
The patchiness is also reflected in average loan sizes. 
Last month these were $494,000 in NSW, $408,000 in WA, $388,000 in Victoria, $344,000 in Queensland and $322,000 in South Australia. 
First-home buyers remain on the sidelines comprising just 12.8% of the market compared with 15.6% in June 2012.
Home loans to property investors rose from 36.5% to 37.9% and to refinanciers from 34% to 36.6%.
Standard variable home loans (57.2%) are the most popular product followed by fixed-rate home loans (27.4%).
“The mortgage market is continuing to become more and more complex,” says Mark Hewitt, general manager of sales and operations at AFG. 
“We are seeing patchiness across the states as WA and NSW in particular grow strongly, while Queensland and South Australia are still soft. 
“First home buyers are particularly active in WA, but hardly feature in Queensland and NSW since grants [for existing homes] were cut. 
“Political uncertainly, concerns about China and the economy in general are giving buyers a lot to think about. 
“That said, 95% of people are employed and rates are at their lowest in 30 years.  We’re hoping that a gradual return of confidence over the next financial year will see a broader based recovery take place."
<a href="https://homeloans.propertyobserver.com.au/home-loans/?utm_source=Property+Observer+List&amp;utm_campaign=dd7d4ab9e7-June_4_RBA&amp;utm_medium=email&amp;utm_term=0_a523fbfccb-dd7d4ab9e7-" target="_blank">Enter your home loan needs here to compare the latest home loan rates.</a>
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AFG mortgage sales up 17% in June year-on-year amid “patchy” market

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The Reserve Bank has left the cash rate unchanged at 2.75% following its monetary policy meeting today.
It is the second month in a row that the RBA has left the cash rate unchanged, a move widely tipped by economists polled by Bloomberg last week.
The latest Bloomberg survey had 25 of 28 economists seeing no change at the July RBA meeting on Tuesday.
But 15 of the economists expect the August RBA meeting will cut the cash rate from 2.75% to 2.5%.
"The Reserve Bank is likely to be reasonably comfortable with the performance of the housing market; dwelling values are up 3% over the first half of the year and over the June quarter dwelling values rose by just 0.2% according to the RP Data – Rismark Indices," says RP Data national research director Tim Lawless.
"Another indicator that low mortgage rates are having their desired effect is that transaction numbers are rising; national home sales were almost 13% higher over the three months ending April 2013 compared with the same period a year ago. 
"This scenario of rising demand but contained value growth is likely to be exactly what the RBA are seeking from the national housing market.  There has also been an improvement in the number of dwelling approvals with the April data showing a 9% lift over the month and 27% lift over the year," Lawless says.
Ahead of today’s decision, HSBC Australia and New Zealand chief economist Paul Bloxham said the fall in the Australian dollar was doing “much of the RBA’s work”.
“From the RBA’s perspective the Australian dollar’s fall will be the key development affecting its policy view.
“General rules of thumb suggest that a 10% depreciation could add around 0.3 to 0.4 percentage points to the CPI each year, which all else equal, would lift the RBA’s inflation forecasts to around the middle of the target band by end-2013.
“The depreciation should also support Australia’s growth rebalancing act.”
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RBA leaves cash rate unchanged at 2.75% in July

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The Surry Hills-based architectural firm, Collins and Turner has been selected to possibly complete a low rise visually-striking bamboo clad restaurant complex on the waterfront promenade at Barangaroo South.
Resembling stacked bamboo bowls, the proposal (pictured below) was revealed today by Lend Lease’s Barangaroo South managing director Andrew Wilson.
<img height="315" width="470" src="/images/stories/2013/07/bamboojuly2one.jpg" alt="bamboojuly2one">
“Collins and Turner submitted an exciting, stylish concept that makes a strong visual statement and confidently holds its own among the other world-class designs at Barangaroo," Andrew Wilson said.
A judging panel comprising Lend Lease team members, a Barangaroo Delivery Authority representative and Ivan Harbour from Barangaroo South master planners Rogers Stirk Harbour and Partners selected Collins and Turner over the 14 other entrants due to its “artistic design” and “well-researched, well organised and flexible approach”.
Barangaroo is a $6 billion urban transformation of the western edge of Sydney's central business district by Lend Lease.
Barangaroo South is the southern 7.5 hectares of the site which will have a mix of uses, including commercial, residential, retail and dining along with a new landmark hotel.
On completion it will be home to around 1,200 residents, 23,000 office workers and more than 2.9 hectares of public space. There will be cafés, bars, eateries, fresh food and market produce, boutique cuisine, convenience stores and premium restaurants.
Prior to establishing their <a target="_blank" href="https://collinsandturner.com/">Collins and Turner </a>practice in 2002, Penny Collins and Huw Turner each worked internationally.
“We are thrilled to now be part of such a transformational project as Barangaroo South,” Huw Turner said after the win.
The judges have also engaged the Darlinghurst firm <a target="_blank" href="https://scalearchitecture.com/">Scale Architecture </a>and its director Matt Chan in working on public realm elements at Barangaroo.
The design of the building will be submitted to the Barangaroo Delivery Authority for approval prior to being submitted to the NSW Department of Planning as part of the statutory planning process.
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Bamboo bowl restaurant design on Barangaroo South waterfront promenade

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Despite record retail property transactions in 2012 and continued keen interest from both institutional and private investors, the sector is faces its greatest challenge since the post-GFC period, according to BIS Shrapnel. 
Profits are expected to fall and store vacancies to rise as retailers and landlords struggle against numerous structural headwinds including modest retail turnover growth, the continued growth of online shopping, continued high savings rates coupled with the lack of an economic boom, a peak in new retail commencements in 2013–14 and a substantial depreciation in the Australian dollar. 
Investors in strong shopping centres should expect solid, but not spectacular returns.
For those in less successful centres, returns will most likely weaken.
Yields may firm in the short term as investors continue to be attracted to the sector, but BIS Shrapnel says overseas investors are likely to be less aggressive when the Australian dollar is lower, especially if bond rates rise. 
A key concern is the devaluing of the Australian dollar, which fell 8% over the course of the 2013 financial year. 
“Based on our forecasts of a 23% depreciation against the Trade Weighted Index (the Australian dollar’s performance against the currencies of its biggest trading partners), we estimate that a retailer which imports 50% of product sold will see its profitability fall to zero if it is to continue to pay current rents,” says Maria Lee, senior project manager at BIS Shrapnel and author of a new report looking at retail property market prospects between now and 2023. 
“Clearly, this is not sustainable. This will impact their ability to pay rent, and vacancies could also be expected to rise.” 
Taking all factors into account, BIS Shrapnel forecasts shopping centre incomes to grow at an average pace of just 2% per annum over the next five years—failing to keep pace with CPI inflation. 
As the chart below shows, operating profit as a percentage sales is expected to fall over the next four years from around 7% currently to less than 5%. 
<img src="/images/stories/2013/larry_uploads/bis_shrapnel_forecasts.jpg" width="470" height="194" alt="bis_shrapnel_forecasts">
As a consequence retailers and shopping centre owners are going to have to work harder than ever to remain relevant and sustain growth.
 
“In our view, retail property faces its greatest challenges in decades—barring the immediate post-GFC period,” says Lee. 
The report estimates that the market share of Internet retailing could likely increase from 6% at present to 11% within five years. 
“What this means is that more than $3 out of every $10 of additional expenditure will go online,” says Lee. 
“Put another way, the turnover growth through shopping centres would be a full one percentage point higher without the growth of online shopping. That’s highly significant.” 
The impact of a growing online shopping channel is two-fold says Lee. 
Firstly, it takes market share from “traditional” bricks-and-mortar retailing and secondly, through the use by shoppers of price comparison websites or apps on mobile phones, retailer profit margins are impacted as consumers demand a price-match in order for them to buy there and then. 
“The weak prospects for income growth have clear implications for total returns to retail property,” says Lee. 
“Pre-GFC, even if income growth was weak, total returns were nonetheless solid thanks to the long term firming of yields. But that process has run its course and we don’t expect to get back to 2007 yields before the next boom—which is unlikely to be in this decade.” 
“Nonetheless, strong retail centres remain a good cashflow business with relatively little fluctuation in income returns. Retail property offers solid, if not spectacular, returns.”
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Retail property landlords facing “greatest challenge in decades” with retailing profits set to fall over next four years

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The Fairfield-Liverpool region in the heart of the outer western Sydney growth corridor has regained the unwanted title of most mortgage delinquent region in Australia, according to Fitch Ratings.
The Gold Coast East region which includes the coastal suburbs of Broadbeach, Surfers Paradise and Mermaid Beach, temporarily replaced Fairfield-Liverpool at the end-September 2012 for the first time in seven years, but has now dropped to third most delinquent region following a small improvement.
Between September 30 and March 31 the proportion of mortgage holders more than 30 days behind on their mortgage repayments in Fairfield-Liverpool increased from 1.82% to 2.37% - around one in 42 borrowers.
<img height="212" width="470" src="/images/stories/2013/larry_uploads/fitch_ratings_regions.jpg" alt="fitch_ratings_regions">
The Fitch Ratings report indicates a wider problem managing mortgage repayments in western Sydney with outer south west Sydney ranking fifth (delinquency rate of 2.25%), Blacktown ranking ninth (1.98%) and outer western Sydney ranking 10th (1.96%).
The Gold Coast East 30 plus days arrears improved by 15 basis points to 2.29% at end-March 2013, but 90+ days arrears were still high at 1.22% (versus 1.14% in September 2012).
It ranked as third most delinquent region in Australia behind the struggling Central Coast retiree region between Sydney and Newcastle.
The top 10 worst performing region list is dominated by outer Sydney and Gold Coast regions, with Hume City in Melbourne’s North – lower socio-economic location – ranking eighth.
Fitch notes that Blacktown has returned to the 10 worst-performing regions list by value as delinquencies increased by 43 basis points in the six months to 31 March 2013.
Fitch Ratings analyst James Zanesi tells Property Observer that many borrowers in the Fairfield-Liverpool region would be classified as on lower incomes with less of a  financial buffer to protect them from short term shocks such as unemployment.
He says more borrowers in this region fall behind on mortgage repayments due to Christmas spending, but then tend to cure their delinquency over the next few months.
He says lower income regions always perform worse than other regions, but the extent of the increase in the delinquency rate in Fairfield-Liverpoolwas unexpected.
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Greater Western Sydney replaces Gold Coast as most delinquent region: Fitch 

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The sale of the former Amcor paper mill in Alphington for $120 million last weekend has been touted as the highest priced residential land sale in Melbourne’s history.
The 16.46 ha site fronting Heidelberg Road will become, according to Glenvill Homes CEO Len Warson, "a premium river-fronting community so well located and so close to the CBD.’"
His company will build a mini-suburb of high quality, medium density housing consistent with local neighbourhood character for around 3000 residents.  
Colliers International handled the sale, on behalf of Amcor, to a local consortium led by Alpha Partners Pty Ltd and the Glenvill Group. Colliers International’s John Marasco, managing director of capital markets and investment services, and Peter Evans, national director of corporate solutions, led the way.  
“This is the largest infill residential land sale in Melbourne’s history,” Marasco said. “Colliers International considers this the best development opportunity in Australia at present.”  
Amcor announced the sale, which is subject to regulatory approvals, to the Australian Securities Exchange yesterday.  
Guy Nelson, of Alpha Partners, said the site would become a sought-after residential development.
"I am very conscious of the history of the site and its significance to the local surroundings and was pleased to find a development partner such as Glenvill to help deliver what will be one of Melbourne's new premier residential addresses."  
Warson said the purchase underpinned Glenvill’s strong future growth prospects. “This is a once in a lifetime opportunity to develop a new landmark,’’ he said.  
About seven kilometres from the Melbourne CBD, the site abutting the Chandler Highway is handy to schools, retail precincts, hospitals and parkland. It has a Yarra River frontage of about 280 metres.  
“The holding is of such a size that its availability is unprecedented and its ultimate capital value, when complete, will represent the largest inner urban mixed use/residential project in Melbourne in recent decades, other than the Docklands precinct,” Marasco said.  
Amcor in 2008 announced plans to close the plant within three years. It was put on the market in 2009 and also in 2011 for a reported $200 million and ceased operations in late 2012. The company has since moved its recycling operations to a $500 million plant in Sydney, Fairfax newspapers say.  
Yarra Council initially rejected Amcor’s request to change the planning controls due to concerns that this would diminish the community’s chance to have a say on future development at the site.  
However, the council and Amcor have since agreed on plans that would be consistent with community expectations, and secure greater protections around building heights, heritage and the Yarra River, as well as a requirement that 5% of housing is made "affordable".
Other large former industrial sites in Melbourne – such as Edgewater (the former ammunitions factory at Footscray), Waterford Green (the former ordnance factory at Maribyrnong), the Kodak site in Coburg, and the Kew Cottages site are reportedly also being redeveloped.
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