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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Listed property trusts that increase their borrowings to acquire or develop property assets will increase returns to investors provided they generate returns that outperform interest charges.  
In 2006, the A-REIT sector, as represented by the S&amp;P/ASX 300 A-REIT Index was geared at 37%.
Gearing is now 29%, having been lowered by a combination of asset sales and new equity capital raising. This has also been assisted by the upwards revaluation of underlying real estate assets over the past two years. Of the larger A-REITs, none has a gearing level above 40%. A global survey of investors by UBS concluded that gearing of 30% - 50% was appropriate.  
At the height of the GFC in March 2009, some A-REITs had gearing ratios substantially above 40%. Of the ten A-REITs with gearing ratios above 40% at that time, only one is still trading on the ASX. Names such as Macquarie DDR Trust with gearing of 60%, Macquarie Countrywide (59%), Babcock &amp; Brown Japan Trust (58%), and Tishman Speyer Office Trust (56%) have all been acquired, merged or operate under new management. Pressure from lenders was significant. During the GFC the increase in corporate interest rates was part of a credit squeeze. These factors combined to reduce the net earnings of A-REITs.  
Gearing in other countries with listed REIT markets have higher gearing compared to Australia as interest rates are structurally lower. This is noted in Table 1.
Table 1: Average Gearing from Global Markets
<table cellpadding="0" cellspacing="0" border="0" frame="box" style="width: 470px;"><tbody>
<tr>
<td valign="top" width="284">
REIT market 
</td>
<td valign="top" width="284">
Average Gearing (%)
</td>
</tr>
<tr>
<td valign="top" width="284">
Australia
</td>
<td valign="top" width="284">
29
</td>
</tr>
<tr>
<td valign="top" width="284">
Japan
</td>
<td valign="top" width="284">
45
</td>
</tr>
<tr>
<td valign="top" width="284">
France
</td>
<td valign="top" width="284">
41
</td>
</tr>
<tr>
<td valign="top" width="284">
Singapore
</td>
<td valign="top" width="284">
40
</td>
</tr>
<tr>
<td valign="top" width="284">
USA
</td>
<td valign="top" width="284">
48
</td>
</tr>
<tr>
<td valign="top" width="284">
UK
</td>
<td valign="top" width="284">
48
</td>
</tr>
</tbody></table>
Source: UBS, BDO  
Negative gearing occurs when the cost of interest on debt exceeds the income return earned by an investment. Gearing increases variability of potential return outcomes because of the fixed obligation to pay interest against variable income and capital returns as illustrated in Chart 2. Gearing amplifies prospective positive and negative returns. The marginal impact of gearing between 30% and 50% is not substantial. Gearing has a substantial impact beyond 60% when prospective negative outcomes are large.  
Chart 2 - Effect of Increasing Gearing on Property
<img src="/images/stories/2013/06/markwistjune26one.jpg" width="470" height="288" alt="markwistjune26one"> 
At elevated gearing levels of 60% and higher, the risks of negative property valuation movements are exacerbated as there is a smaller protective equity buffer and higher exposure to increased interest payments on a larger debt.  
Several A-REITs have raised new debt or refinanced existing debt over the past year to take advantage of lower interest rates. A-REITs have also demonstrated an appetite to diversify the source of debt finance away from domestic banks to include offshore banks, and domestic and offshore bond markets.  Within the last three months, Commonwealth Property Office Fund raised $60 million and GPT raised $250 million through bond issues; Dexus raised $300 million in a private placement in the USA; and CFS Retail Property Trust raised $50 million in medium term notes and refinanced a $150 million bank facility. A total of $5.2 billion of debt has been raised or refinanced by the major A-REITs over the year to 31 May.  
A-REIT balance sheets are now in sound financial shape with low gearing ratios by bank credit standards, low interest rates, and stability of values in the property markets. Interest rates on debt are below yields on property assets. Property acquisitions will enhance return on equity.
Mark Wist is senior asset consultant at <a rel="nofollow" target="_blank" title="Atchison Consultants" href="https://www.atchison.com.au/">Atchison Consultants</a>.
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Increased A-REIT gearing can be a good thing for investors: Mark Wist

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With mortgage repayments taking up substantial part of household income, being mortgage-free is an ambition for many homeowners.
There are simple strategies that borrowers can implement to help them pay of their home loan faster from bringing your own sandwiches into work to seeking out discounted mortgage offerings to paying fortnightly instead of monthly.
Here a 10 tips from mortgage brokers <a target="_blank" href="https://www.mortgagechoice.com.au/">Mortgage Choice </a>and lender <a target="_blank" href="https://www.rams.com.au/">RAMS</a>:
1. Shop around, from beginning to end of the loan term - Why would someone research only one lending institution before applying for a mortgage – one of the biggest financial decisions they will ever make? The same goes for throughout the loan term. Why would you stay with one lender for 25 years when Australia has a competitive mortgage market that changes frequently? Existing mortgage holders should do a home loan health check with their mortgage broker at least once every two years, especially if their income or other circumstances has changed. 
2. Don’t adjust repayments after an interest rate drop - If interest rates drop, borrowers should continue making the same regular repayment. They will potentially help the borrower save on total interest paid over the loan term. Maintaining regular repayments in the instance of a rate cut means the borrower doesn’t have to sacrifice a dollar to make significant gains on their mortgage.
3. Ignore the honeymoon rate - Many people make the mistake of not looking past their honeymoon period, when the mortgage interest rate is lower than it will be for the rest of the loan term. If the post-honeymoon period has not been budgeted and prepared for then obviously the borrower will be in for quite a shock. A clever move is to make mortgage repayments as if the honeymoon period doesn’t exist, so they are well prepared for its completion and already ahead on payments. They will also be unaffected by a rate rise if it occurs. 
4. Make fortnightly instead of monthly loan repayments - Over just twelve months, this equates to one extra month of additional repayments. This could cut four and a half years off a 25 year term loan and save about $69,000 interest on the average $300,000 home loan.
5. Save loose change and take your lunch with you sometimes - Saving money in small ways and making extra lump sum repayments can help to pay off your loan faster. An extra $25 a week to repayments will reduce the average $300,000 home loan over 25 years by six years and five months, saving over $97,000 in interest.
6. Consider an offset account - If all your salary is deposited into an offset account, any funds you leave in the account work harder for you because your savings are offset against your home loan to reduce the interest you pay.
7. Look out for promotional offers – If you’re applying for a new home loan, considering refinancing or at the end of fixed-term home loan, a home loan has no application fees, could save hundreds of dollars off the application process for your new home loan.
8. Pay extra each repayment period - The more additional dollars that are contributed more often, the better off the borrower will be. 
9. Make lump sum payments - Contributions of bonuses, tax returns and other financial windfalls can make a big difference to the interest owed over the life of the loan and the length of the loan term. 
10. Consider loan features carefully - Before deciding on a loan, the borrower needs to consider what loan features they really need, and how much each of those either contribute to the loan from the start (i.e. higher interest rate for more features) or how much they are going to cost down the track (e.g. $25 per redraw, a minimum $250 withdrawal, etc). With an ‘all-frills’ loan, the borrower most likely is paying a higher interest rate. If they don’t use all the facilities offered on the loan, it makes sense to refinance and switch to a more basic product offering a lower interest rate – their repayments will be lower, and they can afford to pay off the property more quickly if that is part of their strategy. Of course, switching costs need to be taken into account. Those who are looking at taking out a mortgage may also investigate their eligibility for a professional package, where they can receive benefits such as a reduced interest rate, no application or other fees, Gold credit cards and home insurance discounts.
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10 tips to paying off your home loan quicker

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Forgetfulness is one of the biggest contributing factors to damaging your borrowing power.
Forgetting to pay a phone bill on time or letting a credit card bill slip by a couple of days can be detrimental to your credit rating when applying for a home loan.
Your credit rating is a prized possession and most Australians probably don’t realise how it’s calculated.
All credit providers including lenders, banks and non-banks subscribe to consumer credit reporting agencies so that they can conduct credit history checks on potential borrowers.
Many people don’t realise just how big the impact of a forgotten bill can be.
It can be difficult to accept that something as small as an unpaid phone bill listed years ago can prevent you from securing a home loan – but the reality is this can severely impact your ability to buy your dream home.
Defaults are looked at as poor conduct. Any defaults over $500 can significantly damage your ability to get home loan approval.
The largest consumer credit reporting agency in Australia – Veda Advantage – uses a credit scoring system to provide credit providers with a measure of assessing risk.
The lowest possible credit score is -200, and the highest is 1200. If you have a repayment of more than $100 overdue for 60 days or more, this can be listed on your file for five years.
One of the very first things that your lender will look at when assessing your home loan application is your credit score.
A payment default can easily contribute to a drop of more than one hundred points in your rating. This drop could make the difference between getting your home loan approved and having your application rejected.
But it’s not all bad news.
Having a low Veda score on its own doesn’t always mean your loan application will be declined.
People with low ratings can sometimes redeem their chances with good equity, long-term employment or a strong net asset position.
Understanding how your credit file is calculated could help to prevent you from damaging your own borrowing power.
My simple advice is – pay your bills on time, every time, to ensure your credit rating is protected at all costs.
Heidi Armstrong is chief executive of <a href="https://www.statecustodians.com.au/" target="_blank">State Custodians Mortgage Company</a>.
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Damaging your home borrowing power is easier than you think: Heidi Armstrong

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Four NSW liquor retail spaces will go to auction in July. 



The properties are part of a Burgess Rawson investment portfolio due to go to auction on July 2 and are all currently leased by subsidiaries of the Wesfarmers group. 



Liquorland Belmont in Newcastle, First Choice Liquor in Naremburn, Vintage Cellars in Cremorne and Vintage Cellars Freshwater in Manly, each return an income in excess of $180,000 pa, according to Burgess Rawson.
{yoogallery src=[images/stories/2013/06/june25liquor]}


Liquorland Belmont comprises a strong corner position, onsite parking for 17 cars and is positioned opposite an Aldi supermarket and close to McDonalds and KFC. It comes complete with a five-year lease and options for a further 10 years.



First Choice Liquor Naremburn is the largest of the buildings, at 1,324 square metres, has a desirable corner frontage, onsite parking for 21 cars, and is located within a bustling retail village. It comes with a seven-year lease plus options for a further 20 years. 



Vintage Cellars Freshwater is located in the sought after Sydney northern beaches, and includes a substantial four-bedroom, first floor residence. Both the retail space and the residence are leased for five years, with options for a further 10 years. Car parking and public transport are conveniently located immediately to the rear of the property. 



Vintage Cellars Cremorne is located adjacent to the iconic Hayden Orpheum theatre in the Blue Ribbon, Lower North Shore landmark and has two street frontages on Military Road and Parraween Street. The 1,132-square metre property comes with a five-year lease and options for a further ten years. 



Burgess Rawson agent Billy Holderhead says the liquor store market is receiving solid interest because private investors have confidence in the familiar brands that lease them. 



“At the moment, you’ve got either Woolworths or Wesfarmers tenants. You get at least a 5-year lease term with solid tenants.



“If you’ve got a tenant you’re comfortable with and familiar with and read about on a daily basis, you feel more comfortable with that,” he says. 



A further two First Choice Liquor stores in NSW were sold recently, one in Erina, which sold for $4.5 million and is expected to return a profit of $345,265 pa on a yield of 7.67%, and a second in Goulburn. 

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jrobertson-4NasGYvWhc

NSW liquor stores expected to whet investors' appetites

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Real estate agents are seizing the likelihood that suburbs along the mooted light rail lines in Sydney will benefit the surrounding housing market.
 
Randwick, which would be connected to the city via the south east light rail, has experienced added value from investors as as a result of the mooted tram link, said agent Theo Karangis from NG Farah Coogee.
 “I could already see now a big of movement upwards, we’re achieving some really good results. We’ve sold over 40 apartments this year alone and our open for inspections has definitely increased,” he said.
 Some $423 million from the state budget has been set aside to allocated over four years to the 12km light rail connecting Circular, Central and George Street to the entertainment precincts of Randwick Racecourse, Moore Park’s sports grounds, and hubs University of NSW and Prince of Wales Hospital.
 The Randwick area, which has a significant student population who attend nearby universities, is currently serviced by buses and can experience traffic congestion to Sydney’s CBD during peak times.
 Recently, more families of tertiary students have been buying into the area for their children to live in while they study at nearby universities and then using the property as an investment when their children graduate.
 These investors could capitalise on the growing house prices, said Karangis.
 “We’re achieving the higher end prices in Randwick. Before that, those prices were just in Coogee,” he said.
 The light rail could also bring in a new lifestyle to the suburbs they service.
 Dulwich Hill, whose 5.6km extension to the inner west light rail extension is currently under construction, has seen urban gentrification with more retail opportunities and stores like Gleebooks and gourmet deli The Larder joining the suburb.
 The new transport has quickened the pace of the lifestyle change, offering the cafe lifestyle to a more affordable part of the inner west, said agent Adrian Abrook from LJ Hooker Dulwich Hill.
 “This just gives us another opportunity to get other buyers who may be looking at this market to explore it,” he said.
 
Dulwich Hill will be one of nine stops on the extension planned to open next year. Nine new stops will be added to the current services. $76 million over four years was allocated to the inner west line from the state budget.
 However, some residents in Surry Hills lobbying against the proposed route of the South East Light Rail are concerned the tram link will have a negative impact on their properties.
 The transport construction and long term effects of the light rail will impact on surrounding retail as well as the liveability of the suburb, said Venietta Slama-Powell, founder and convenor of community lobby group PUSH (People Unite Surry Hills).
 “Properties directly on the route are at risk of being severely financially affected. Considerations to increase in noise, visual outlook, traffic congestion, safety, property access and importantly parking. We have been advised that loss of parking can reduce a property by 20%,” she said.
 The light rail route is planned for Surry Hill’s Devonshire Street via Chalmers Street to reach the city centre.
 The community group would like to work with the state government to ensure the tram line doesn’t impact upon residents and existing retails.
 “PUSH and many community members support the concept of light rail, a Surry Hills route and stops. But our team and Engineering Panel believe the initial Government proposal can be greatly improved by the application of local input, as happened with the Eastern Distributor, and a solution that is more likely to have a positive impact on most, if not all property prices,” she said.</body></html>

cwong-GNQNgsRWoT

Plans for Sydney's light rail lines are already having an effect

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The Sydney housing market continued to strengthen through May with auction clearance rates rising to near-record levels, according to Australian Property Monitors.
The auction clearance rate for units of 74.9% was second only to the 76.3% recorded in May 2002.
Similarly, the auction clearance rate for houses of 65.3% was the fourth highest May recorded over the last 23 years, behind only 2001, 2002 and 2003.
"Sydney is now clearly the best performing local economy, with an unemployment rate of 4.9% in April, the lowest of all the major capitals," APM senior economist Dr Andrew Wilson.
He said other leading indicators of economic activity such as retail sales, also positioned Sydney as a leading economic performer.
The report noted investors and mid-range upgraders were currently highly active in Sydney, with both the first home buyer market and the prestige market remaining relatively subdued.
Sydney’s inner west region and upper north shore remain particularly popular with buyers.
Click to enlarge
<a rel="shadowbox" href="/images/stories/2013/06/apmsydneyjune26one.gif" title="Click to enlarge"><img src="/images/stories/2013/06/apmsydneyjune26onethumb.gif"></a>
Click to enlarge
<a rel="shadowbox" href="/images/stories/2013/06/apmsydneyjune26two.gif" title="Click to enlarge"><img src="/images/stories/2013/06/apmsydneyjune26twothumb.gif"></a>
<img height="601" width="350" src="/images/stories/2013/06/apmsydneyjune26three.gif" alt="apmsydneyjune26three">
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jchancellor-FAypfDUnLy

Sydney unit market at near record auction sales strength: APM housing market report

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The Sydney wildlife attraction Featherdale Wildlife Park has been sold to the boutique investment house, Moss Capital.
Its a deal estimated at $15?million, according to the Australian Financial Review.
The wildlife park on Sydney’s north-western fringes set over almost three hectares in Doonside near Blacktown was sold by the listed hotels and resorts group, Amalgamated Holdings.
The attraction will be managed by the Anthology Collection whose niche tourism experience portfolio includes the Wildman Wilderness Lodge in the Northern Territory.
Marianne Ossovani, executive director of Moss Capital’s hotels and tourism division said Featherdale’s strong cash flow generating capacity was the key drawcard.
CBRE Hotels associate director Andrew Jackson brokered the deal between the two companies associated with well known property veterans Alan Rydge and Bill Moss.
Amalgamated Holdings – the owner of Rydges Hotels and Resorts, Thredbo ski resort and Greater Union cinemas – had held the property since December 1996.
The land was originally purchased by Charles and Marjorie Wigg in 1953. The Wigg’s son-in-law, Bruce Kubbere studied Australian fauna from early childhood and Featherdale opened to the public as a wildlife park in 1972. In the early years Bruce, and his wife Margaret, operated a plant nursery in conjunction with the Wildlife Park so beautiful Australian native trees and plants line the walkways. Featherdale’s future was threatened in 1975 with plans to use the property for a housing commission development.
The then Premier, Sir Robert Askin was presented with thousands of signed petitions convincing the government to rescind its original decision. 
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Moss Capital buys Doonside, Sydney wildlife attraction Featherdale Wildlife Park 

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Reports suggesting the Commonwealth Bank is seeking to shed management of its listed commercial property platforms – the CFS Retail Property Trust Group and the Commonwealth Property Office Fund  - have been dismissed as “speculation”.
The two A-REITS have a combined value of $20 billion.
The responsible entity of the fund is the Commonwealth Managed Investments Limited (CMIL), a subsidiary of the Commonwealth Bank while another subsidiary, Colonial First State Global Asset Management (CFSGAM) manages the trusts.
It follows the Australian Financial Review’s StreetTalk column revealing last week that a “number of unsolicited approaches were made by a string of potential buyers” to replace the bank as responsible entity of the two A-REITS.
The column reported today that the Commonwealth Bank planned to unleash “a buy-out frenzy for its listed office vehicle, Commonwealth Property Office Fund”.
In a statement posted to the ASX, Commonwealth Managed Investments Limited (CMIL), as responsible entity of both funds advised “it has not received any approach or proposal that would support this speculation”.
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Commonwealth Bank shedding of commercial property trusts dismissed as “speculation”

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Raine &amp; Horne Manly principle Toby Hutton has attributed the private treaty sale of a six-bedroom Northern Beaches family home for $1.715 million in part to expectations that the Coalition will win the federal election in September.
The house is in Liberal Party heartland and only a short drive from Tony Abbott's own home in Forestville and his federal electorate of Warringah.
The property in a cul-de-sac at <a target="_blank" href="https://www.realestate.com.au/property-house-nsw-beacon+hill-113719739">10 Scarborough Place</a> was built in 1995, stands on a 901 square metre site and includes a saltwater pool and spa plus landscaped gardens and manicured lawns.
It sold to a Clontarf owner-occupier after failing to sell at auction in May with expectations of $1.6 million plus.
Hutton said he attributes local buyer confidence to the prospect of a "couple of terms of a federal Coalition government after 14th September".
“Unlike other real estate markets and business sectors, political instability is not affecting the Peninsula.
“Our region is traditionally blue ribbon Liberal, so the prospect of long-term stability after the difficulties of a minority government over the last three years, is a prospect many homeowners and businesses are already savouring in our region.”
Abbott is the federal member for Warringah, just three kilometres east of Beacon Hill.
He lives five kilometres west of Beacon Hill in Forestville
Hutton says the property attracted a steady stream of genuine enquiries over the three weeks it was on the market.
“This is a significant difference to 18 months ago, when it was possible to go two weeks without fielding an enquiry for prestige homes such as these,” he says.
Apart from an expected Coalition victory, Hutton also attributes increased buyer confidence to improving economic news from the likes of the United States, coupled to stronger share market returns over the last year or so.
“The sharemarket has had a pretty good twelve months, despite the latest volatility, and this has translated to bonuses being paid to investment bankers and portfolio managers, and this money is starting to find its way into prestige homes in our region,” he says.
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The Tony Abbott effect? Raine & Horne agent attributes Northern Beaches sale to likely Coalition election victory

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WBP Property chief executive Greville Pabst provides a tour of Melbourne bayside suburb Elwood, offering his advice on the best property investments in the area.
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