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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A run down waterfront house in Aspendale has sold for over a million dollars, indicating that demand for waterfront properties is strong.  
The house, located at <a href="https://www.realestate.com.au/property-house-vic-aspendale-113686771" target="_blank">7 Gladstone Avenue</a>, sold at auction last month for $1,060,000 through O’Brien Real Estate Chelsea.  
Stavros Ambatzidis of O’Brien Real Estate told Property Observer that the condition of the property was not at its best.  
“It was very run down – we were just selling land value there. It wasn’t selling much more than land value,” he said.  
He added that the auction received a great response, with the final result at a higher than expected price.  
“We had about 100 people at the auction, with very strong bidding. We had 10 registered bidders.  
“It sold above $110,000 over what I expected,” Ambatzidis said.  
A report on news.com.au stated that the successful bidders were a pair of sisters who are hoping to create a dream home for their 90-year-old mum.  
Ambatzidis noted that another run down property at 1 Osprey Lane in Carrum also sold for over a million dollars recently.  
“There’s been a demand for them, as there are not many waterfront properties.  
“Waterfront properties are of a rare nature. There's really only waterfront properties that exist in the Chelsea area,” he said in response to the recent sales.  
According to the <a href="/news">latest RP Data report</a>, the median house price in Aspendale currently stands at $615,000, up 1.2% on last year. The average discount required to sell a house is 5.5%, while private treaty sales average 74 days on market.  
The median asking rent for houses in Aspendale is currently $430 per week, and the average rental yield stands at 3.6%.
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Aspendale waterfront buying interest tide rising

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The majority of economists expect the cash rate to remain on hold on July 2, the latest Bloomberg survey reveals.
Of the 27 economists polled by this week, 22 tip the cash rate to remain at 2.75%.
This is almost unchanged from the June 7 forecast when 21 out of 26 economists said no rate cut in July.
AMP Capital Investors chief economist Shane Oliver and Stephen Koukoulas from Market Economics are among the five economists tipping a rate cut in July.
The others are from analysts Nomura Australia, Goldman Sachs and RBC Capital Markets.
Looking ahead to August 6, economists are almost equally divided with 14 tipping a rate cut to 2.5% and 13 expecting no change.
The minutes of the <a href="https://www.propertyobserver.com.au/residential/dwelling-prices-still-relatively-flat-but-housing-market-appeared-to-be-improving-rba-minutes/2013061862374" target="_blank">June RBA monetary policy meeting</a> said there was scope for further rate cuts if needed highlighting that previous rate cuts were supporting what appeared to be an improving housing market.
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Most economists tip no RBA cash rate cut in July: Bloomberg

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The long-held Surry Hills headquarters and vehicle rank of Legion Cabs has sold under the hammer for $18 million with more than 200 people attending today’s auction at the Ray White auction room in Sydney. 
It was bought by the <a href="https://www.propertyobserver.com.au/developments/the-carlton-at-vaucluse-at-halfway-sales-mark/2012091356563" target="_blank">RDA Property Group</a> (part of the Discovery Group)  which developed the 14-apartment boutique development Carlton at Vaucluse under the stewardship of Danny Avidan.
Legion Cabs has owned and occupied the 1,370 square metre property at 69-81 Foveaux St for more than 50 years. 
It paid 50,000 pounds for it in 1961.
The taxi business decided to sell after committing to new headquarters in Wolli Creek and will be making the move over the next 12 months. 
It represents one of Surry Hills' largest ready-to-develop sites with flexible zoning permitting a range of uses and is likely to make way for either a residential or office development. 
Bidding started at $9.88 million with three parties pushing the price quickly beyond $13 million. 
Auctioneer James Price sold the property at $18 million. 
Pre-auction expectations were above $10 million. 
Maroun Ajaka of Legion Cabs said the co-op "very pleased with the result which will no doubt benefit our members (shareholders)"
“There’s a lot of history, we’ve been there exactly 50 years. and the company has been around for 66 years.”
The property was exclusively marketed by Ray White director Dan White, Andrew Jolliffe of Ray White Hotels and Marcello Bo of Ray White Projects. 
“Under the new Sydney local environment plan (LEP), the site can be developed for a whole range of uses including a residential development, an educational institution or corporate headquarters. It could also be developed into a hotel or pub,” said Dan White. 
“It’s in a fantastic location, close to Central Station and the city. As we expected the site has attracted a lot of interest.”
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Auction of Surry Hills Legion Cabs rank site draws a crowd and sells to apartment developer for $18 million

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Mortgage market activity picked up by 5.2% in Tasmania over June, according to RP Data's Mortgage Index.
This compared with just 0.5% growth nationally with Victoria (2.1%) and Western Australia (2%) the only other two states to register notable gains over the month.
The data is correct up to June 16.
<img alt="mortgage_activity_june" height="255" width="470" src="/images/stories/2013/larry_uploads/mortgage_activity_june.jpg">
Mortgage activity appears to have flattened out:
<img alt="mortgage_index_graph" height="204" width="470" src="/images/stories/2013/larry_uploads/mortgage_index_graph.jpg">
RP Data systems monitor more than 100,000 mortgage activity events every month across our four main finance industry platforms providing a lead indicator to housing finance commitments.
The index shows an 81% correlation with the ABS housing finance data series (88% using the seasonally adjusted series). 
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Tasmania leads flat mortgage market in June: RP Data

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While the property market appears to be again heading upwards, the improvement has been modest to date and uneven, creating opportunities for savvy investors and homebuyers.
“Overall, there are still plenty of bargains to be found in this market though we remind buyers that it is important to do proper due diligence prior to pricing negotiations by either getting research or getting a valuer to come in and provide a valuation. Doing this will help find real opportunities and help avoid the lemons,” says SQM Research managing director Louis Christopher.
Not that finding bargains is easy.
“The only thing that has changed [in the last couple of years] is it’s just got harder to find and secure great properties at great prices and I don't see that changing for a while given the demand,” says Patrick Bright, a buyers' agent and director of EPS Property Search.
“In the last couple of years I have never had so many people from interstate wanting to buy in Sydney,” he says.
Bright says reasons for investing in Sydney vary, but are generally along the lines of "compared to the other capitals it currently looks to be very good value”.
<a target="_blank" href="https://www.propertyobserver.com.au/residential/how-to-find-property-bargains/2011053150312">In June 2011, </a>Louis Christopher and Patrick Bright provided seven tips for securing bargains and not lemons. Two years have passed, the market trajectory has changed and we've revisited them:
1. Only fools rush in: “Look now, don’t rush,” Christopher suggested in 2011. “The only trouble in trying to theoretically work out whether you have a bargain is that it may be a bigger bargain tomorrow because the market continues to fall."
June 2013 update: “I always believe that one should not rush on a decision to buy a property, even in a rising market even if it means risking losing the property to another buyer. By all means, efficiently to your due diligence and do not bluff a vendor/agent by not retuning phone calls etc as they may take you too seriously and sell it to the next buyer," says Christopher.
“In a rising market it really is very important to properly investigate fair value and not be pressured into purchasing over valued property.”
2. Time it right: The best time to buy is at the bottom of a market trough, just before prices start to rise again. But as Christopher rightly points out in 2011: “No one rings a bell at the bottom of the market.”
However, that does not mean it is impossible to know when the right time is to buy. “Potentially, there could be bargains towards the end of this year [if most national markets have stopped falling by then],” Christopher says.
Buyers should study the market closely now to be ready to buy when the time is right and they have found the right property to suit their needs.
June 2013 update: “As it turned out, the end of 2011 was very close to the bottom of the market. We place the bottom at the third quarter of 2012. And as discussed frequently, this recovery is a modest to moderate recovery. Prices have not yet ‘surged’ ahead. Yet the outlook is far more positive then what is was when this story was originally written. I believe that in terms of timing, the current climate does present some very good opportunities for buyers." 
 
<hr class="system-pagebreak">
3. Be especially wary in over-priced areas: Darwin is “massively over-valued,” according to SQM, and properties in south-east Queensland and Perth are selling for far more than they should. Christopher said in 2011 that housing markets in these and other over-valued regions will remain sluggish or will continue to correct. If interest rates rise again this year, that could cause prices to fall further.
June 2013 update: “As it turned out south-east Queensland did continue to fall, while Perth bottomed out sooner than expected on the back of interest rate cuts. Fortunately there were no rate increases in 2011, rather the RBA saw the light of day and cut, thereby saving the market from deeper falls than what actually took place. 
4. Everything is harder in Sydney – but that does not mean impossible: Sydney prices are rising, making bargains even more difficult to find. “In the next three years, I am not expecting any dramatic falls in Sydney,” Christopher said in 2011.
But that does not mean it is impossible to buy in Sydney. There are fewer bargains than in other capitals, but there is also much less risk that the price of an apparent bargain will fall after purchase – provided that you buy into a sought-after suburb.
June 2013 update – “Sydney is now recording a more robust recovery than most other cities. I would place the annualised growth rate now at between 5% and 9%. That’s what I think the pace is, though it varies depending on the location.
“For example the northern beaches are not doing as well, while eastern suburbs and lower north shore are doing better. As a result, it is becoming increasing difficult to find genuine bargains. Rather, the main goal should be (as it always should be) to buy property that is at fair value. I believe Sydney will keep rising for the foreseeable future,” he says.
Patrick Bright says his comments on Sydney remain unchanged.
In 2011, he wrote: “When a market is on the move, what someone paid for a very similar property a month or two ago can look like a bargain.
Bright says most deals that seem too good to be true usually are. He warns that buyers of properties with “something that’s not good about them” will either have to fix the fault or flaw or will have to sell the property at below market rates for the area.
However, some properties are listed at below market value because owners had initially asked too much and have cut the price out of desperation to sell.
What types of properties should savvy Sydney bargain-hunters look out for? “Stick to the inner ring, three to 15 kilometres from the CBD,” Bright says. He says buyers should look for properties close to beaches or those with harbour views.
“Correct property selection for the particular suburb is critical,” says Bright, “if you want to achieve a better-than-average return.”
 
5. Watch for desperate vendors: Christopher says some vendors in areas with falling prices become desperate to sell and lower their prices below market rates.
June 2013 update – “This is still the case now, though there are fewer areas in this situation around the country. Canberra is one city though where I believe we might see some keen selling.”
6. Look for properties on the market a long time: Prices will sometimes fall on properties that have been on the market for more than two months.
Marketing of these properties often follows a pattern: vendors start off asking too much; agents lose interest, sometimes even warning prospective buyers that the house is overpriced and the vendor is difficult; vendors become desperate to sell; vendors cut the price heavily, sometimes below market value.
June 2013 update: “This is still the case in a rising market. Indeed many vendors can get a little too confident in recoveries thereby asking way above the market for their property. Even more so today, buyers are very conscious of an overpriced property and will walk away despite overall rising prices. This of course can still really damage a selling campaign leaving the vendor in precisely the same situation mentioned above," says Christopher. 
7. Monitor housing supply levels: When the supply of housing is rising sharply, buyers are in a much stronger position to negotiate for good deals.
According to figures compiled by SQM Research, the number of listings in Australia rose by more than 40% last year. Sydney had the lowest rise in housing supply, at 19.5%. 
June 2013 update: “As published by <a href="https://www.propertyobserver.com.au/trends/canberra-perth-and-melbourne-lead-48-rise-in-may-residential-listings-sqm-louichristopher/2013061062060">Property Observer</a>, SQM’s index of total listings peaked last year, though we note they for the majority of cities, listings are still elevated meaning there is plenty of existing stock to choose from, though noted we agree with the sentiment that there appears to be fewer new listing entering into the market," says Christopher.
“At this stage I judge that buyers are in not as good a position to negotiate as where they were back in 2011 yet they have not lost complete power.”
 
 
 
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How to find property bargains and not ‘lemons’ in the current market

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This week I’m grateful for a fabulous team that I can trust and who I know are doing their absolute best for our business and clients.
Being brought up by a loving and religious mother (dad kind of stayed clear of this ‘emotional’ stuff), gratitude was one of the many virtues I learnt as kid.
After finishing school and working just long enough to save what I needed, I boarded my first aeroplane and flew to Europe.
I backpacked around the world for a couple of years. Coming home to a loving family and securing a great job that was the start of a 10-year career, I remember saying to myself: "How lucky am I, what a fabulous life I’m leading".
It was true, as I experienced life, I came across people who led far less fortune lives than me and who were working on themselves to try and move on from some terrible experiences. That made me more grateful.
As I grew my business and started a family, I came to realise that gratitude is a very important business and personal trait. So I thought we could look at this today in relation to property investing and developing.
A quick internet search delivers a brief yet I think, accurate meaning: ‘Gratitude, thankfulness, gratefulness, or appreciation is a feeling or attitude in acknowledgment of a benefit that one has received or will receive.’
In my day to day dealings I always try to thank people I interact with. It's good manners but also so important as you build relationships. My theory is to be nice and others will be nice back. It doesn’t always work but that’s the fun part.
I can still hear my mum saying "if you haven’t got anything nice to say, say nothing at all" ...and I’ve already started using this on my kids.
Sure, you will think a lot of non-positive thoughts during your day, but if you can manage your thoughts and deal with people with gratitude then I believe it will get you further than those who stamp their feet and who are rude and negative.
My husband used to call me ‘Mary Poppins’ - always so cheerful. I have to admit that these days, Mary may have left the building but I do strive to be as positive as possible.  It makes me feel good to be happy, it’s contagious and those you deal with may just reflect your mood.
If you’re in a bad mood, don’t take it out on others - that’s just selfish and lots of people fall into this trap.  But once you stop being selfish you appreciate other people and therefore appreciate when they do something nice hence you can be grateful. Gratitude can motivate the recipient to seek out their benefactor and to improve their relationship with them.
According to my internet source wikipedia.org, grateful people are happier, less depressed, less stressed, and more satisfied with their lives and social relationships. Grateful people also have higher levels of control of their environments, personal growth, purpose in life, and self acceptance.
Grateful people have more positive ways of coping with the difficulties they experience in life, being more likely to seek support from other people, reinterpret and grow from the experience, and spend more time planning how to deal with the problem.
I find it helpful to be thankful for negative things (when you can!). The other week I was pulled over for speeding, as I waited for the police officer to approach my car, all sorts of things flew through my mind...”shall I mention my brother is a senior sergeant in the hope he’ll let me off?
I used to do that but now I’m more responsible...or shall I try and make an excuse?  I did neither, instead I apologised for going too fast and after I was issued my ticket and drove off, I thanked the Universe for the lesson. I shouldn’t have been speeding, it was my own fault, I take full responsibility and this was a lesson to learn – a $243 lesson at that.
So as you proceed with your property investments and research, be thankful for what you’ve discovered along the way. Offer a small word of thanks, or send a card or leave a message for those who have helped you; your accountant, financier, solicitor, real estate agent and your tenant whose rent is helping pay for your investment.  You may find that gratitude will be returned to you sometime soon in the way of a fabulous investment opportunity.
Jo Chivers is director of <a style="font-size: 14px;" title="Property Bloom" href="https://www.propertybloom.com.au/" rel="nofollow" target="_blank">Property Bloom</a>, which manages property development.
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Be grateful for what you discover on your property investment journey: Jo Chivers

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Western Australia and Tasmania led the way for new listings activity over the month to June 16, according to RP Data.
Tasmania saw a seasonally adjusted increase in new listings of 0.9%, while Western Australia had a 3.6% rise.
<img alt="rpdatanewlistingsjune20one" height="246" width="470" src="/images/stories/2013/06/rpdatanewlistingsjune20one.jpg">
<img alt="rpdatanewlistingsjune12two" height="203" width="470" src="/images/stories/2013/06/rpdatanewlistingsjune12two.gif">
The RP Data Listings Index provides a lead indicator for the number of residential dwellings that are being prepared for sale across the Australian housing market.
RP Data customers account for over 70% of all listings in the Australian property market.
The index, which tracks the flow of metadata across RP Data’s real estate data platform, shows a 75% correlation with the number of new listings about to enter the market.
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WA and Tassie lead new listings activity: RP Data

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Buying the home you desire may require that you be able to borrow a large amount of money than originally intended.
There are a number of ways you can increase the size of your home loan, though always keep in mind that a larger loan size will mean higher mortgage repayments and these may rise if interest rates increase.
You should always have a buffer built into your budget to cater for rising repayments. And if rates do fall, then you can possibly put extra money into your home loan or invest it elsewhere.
Here are seven tips provided by mortgage broker Mortgage Choice:
1. Know what constitutes ‘genuine savings’ - Most lenders require you to have a deposit comprised of genuine savings. Typically, ‘genuine savings’ means money that has been saved over a period of at least three successive months. For most lenders, this excludes things like tax refunds, monetary gifts, the First Home Owners Grant, the sale of personal assets (like cars or jewelry) and lump sum annual leave payouts. Some lenders will consider some of these items when assessing your deposit, if you can provide a rental payment history, for example. To make the most of your savings, it is a good idea to get a grip on what each and every lender defines as ‘genuine savings’.
2. Maximise your deposit size - Lenders will look favourably on you if you have a large deposit, and a larger deposit can bring about a better chance of getting the lowest possible interest rate from a lender and the reassurance of already having equity in the property. 
Larger deposits also remove the cost of lenders’ mortgage insurance (LMI) as it is more commonly known. LMI protects the lender if you default on the loan and the home is sold for less than the lender is owed. LMI is required to be paid when you borrow more than 80% of the property’s value. The price of LMI can vary depending on the value and type of loan you have selected as well as the deposit you have saved. 
In addition to saving hard, another popular method is for parents or other family members to put forward a monetary gift towards a property purchase. In this instance, you must provide evidence that the gift is not repayable and sign a statutory declaration. Keep in mind that if you are using gifted funds you may still be required by a lender to contribute to the deposit up to 5% of the purchase price in the form of genuine savings. 
In each state and territory eligible first homebuyers may apply for a grant towards the purchase of their first home, which is known as the First Home Owner Grant. Recent changes in many states see the grant applicable on only newly built or off the plan property purchases, so be sure to investigate what is available in your state. First homebuyers should keep in mind there are different caps on the value of properties that can be purchased with the grant. There may also be concessions on stamp duty available to borrowers, which vary from state to state.
 First time buyers may also be able to increase their savings by opening a First Home Save Account. These accounts attract a lower rate of tax on the interest earned and each financial year a government contribution calculated on the personal contributions will be deposited. Savers using these accounts can still claim federal and state first homebuyer incentives, however before they can withdraw the funds to buy or build a home they must contribute at a minimum amount per year to the account in four financial years.
3. Reduce existing debt - Cut as much of your other debt as possible, such as car and other personal loans, credit and department store cards, and HECS debts. Be aware that with credit and store cards, the amount owed isn’t what matters to the lender, they’ll factor the overall credit limit into your ability to repay the loan.
Keep in mind that if you share a loan with a friend, spouse or sibling, and you want to take out another loan in your own name, most lenders will assess your loan application based on your ability to repay the full loan amount of the existing loan – not just the half that you’re paying back! This occurs with those particular lenders regardless of whether you already have an agreement with the co-borrower to manage that existing loan.
4. Clean up your credit file - Check whether you have multiple enquires or any defaults in your credit history. If this is the case for you, try to resolve them with the relevant credit provider before you apply for a home loan and if need be, provide an explanation to your lender. You can order a copy of your credit file from suppliers such as <a href="https://www.mycreditfile.com.au">www.mycreditfile.com.au</a>.
5. Ensure you have steady employment and regular savings - Lenders also want to see a steady recent employment record, eg. 6-12 months or more in your job, receiving regular income. If you are looking to change company at the same time you are looking to buy property, seriously reconsider one or the other. If you recently changed positions within a company due to a promotion or received a payrise, or changed jobs multiple times in a short period of time but they are all connected by industry, be sure to carefully explain that in the home loan application.
6. Submit satisfactory bank statements - Your recent bank statements should be free from any suspicious withdrawals or transfers such as movements of sizeable sums of money into or from your account/s. If this does occur, include an explanation for the transaction in your loan application. 
7. Shop around - Lastly, talk to an experienced mortgage broker who has access to a lender panel of at least 20, about the wide range of options available. There are many great deals out there at the moment thanks to hot competition between lenders both large and small. Also keep in mind that lenders’ approval measures vary, meaning different lenders can offer varied loan amounts to the same borrower. The same goes for interest rate, features, fees, accessibility and approval turnaround times. Be sure to compare your options.
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Getting a bigger home loan: Seven tips to boost your borrowing power

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How would you like a brand new investment property with a secure long lease, no property management hassles, zero vacancy risk and guaranteed rental income?  
Sounds good doesn’t it?  
Well … a few types of investments seem to advertise these benefits.  
One group are serviced apartments and I’ll give you my thoughts on these in a future blog, but another is Defence Housing Australia (DHA), which advertises all of these benefits. They also build or buy houses, lease them to military families and then sell them to property investors.  
While this sounds great to an uninitiated investor, in my opinion it comes at too high a price, which makes these very poor investments.  
Let me explain…  
1. New house equals poor gains
In general, DHA promotes newly constructed homes often in master planned estates in regional Australia.  
Being new, your investment comes with a long list of depreciation benefits and of course doesn’t have that lived in look, so this seems like a pretty good deal, right?  
Unfortunately, there are more negatives than positives when it comes to buying a new home such as those the DHA has on offer.  
First there’s the fact that new houses almost always cost more than comparable established homes in the same area, meaning you are buying them at top dollar.  
This is particularly true for DHA homes, where you pay a premium for what is sold as a “total package”; you get the tenants and even a pre-appointed property manager with the house.  
While this type of “guarantee” panders to the inexperienced, insecure investor, it’s worth remembering that property investment is about building an asset base through above average long-term capital growth – something new homes in large, purpose-built estates simply don’t provide.  
Fact is these properties tend to be in regional areas. I have always avoided investing in regional towns because of their heavy reliance on one or two industries to sustain their local economies and population.  
Remember, when those industries take a battering, it’s not long before local house prices start to bear the brunt.  
Instead, I look to invest in areas where property values will be driven up by a large and growing population base, a diverse economy and scarcity of supply of well-located properties.  
Clearly there is little scarcity to push up the value of DHA properties – they’re built by the hundreds in some towns.  
2. Difficult to sell
One of the big obstacles to capital growth for DHA properties is the lack of a secondary market.  
Demand from owner-occupiers is what pushes up the value of most properties.  
But if you bought a Defence property and chose to sell, or even worse had to sell, you’d cut out 70% of potential buyers because your property would not suit an owner-occupier because of its long lease.  
This adds up to one big fly in the proverbial ointment when it comes to owning DHA properties. A minimal secondary market for this type of property puts these investments on my “stay well clear of” list.  
By the way … mortgage insurers aren’t fond of DHA properties, and this makes it difficult to get a mortgage for more than an 80% LVR.
 
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3. High management fees means reduced rental returns
OK, you may pay too much, have below average capital growth and can’t easily sell your property, but at least you’ll be guaranteed a tenant for up to 12 years.  
This means no extended vacancy periods where you could end up struggling to meet the mortgage repayments.  
Then there’s the “make good” clause that means at the end of the lease period, the DHA ensures it will replace the carpets and give the house a fresh lick of paint.  
Sounds good doesn’t it? So what’s the catch?  
Well, as usual, this “peace of mind” comes at a cost.  
Specifically, the cost is in DHA property management fees charged at a whopping 16.5% or more than double that of a regular property manager.  
‘Fine’, I hear you argue, ‘I’ll just employ my own property manager!’  
Unfortunately you can’t. It’s compulsory to hand full management of your investment over to the DHA.  
Start crunching the investment returns and suddenly those guarantees lose a bit of their luster.  
4. The rental guarantee is up, now what?
What happens at the end of the lease? Well the DHA may renew it – or not.  
But what if you want to sell your property then? How will a home that’s had long-term tenants in place and is surrounded by other long-term rentals appeal to owner-occupiers? What if other investors in the estate also plan to sell at the same time?  
Not an ideal situation, is it?  
Look before you leap
There’s lots of ways to make money in property and there seems to be just about as many ways to get property investment wrong.  
Before you make any investment decision first have a plan, a property investment strategy and know what you’re looking for from your property investments.  
Then, if you’re considering a DHA investment, here are some questions you should ask:  
<ol start="1">
<li>
How much more would I be paying for a DHA house than other comparable properties in the area? What is the mark up for this new home and the “bells and whistles” that go with it?
</li>
<li>
How does the supply of new properties compare to demand for houses in the area from owner-occupiers?
</li>
<li>
How much of my rental return will I be forfeiting in excessively high management fees?
</li>
<li>
Will the security of a guaranteed tenant and the benefit of depreciation allowances compensate for the slower capital appreciation I can expect?
</li>
</ol>
When you start to weigh it all up, mounting a defence for military housing as an investment prospect is a difficult ask.   Trying to build a wealth-generating portfolio through niche property investing is a bit like playing roulette and hoping to win big. The odds are not in your favour.
Michael Yardney is a director of <a rel="nofollow" href="https://www.metropole.com.au/">Metropole Property Strategists</a>, who create wealth for their clients through independent, unbiased property advice and advocacy. Subscribe to his <a rel="nofollow" href="https://propertyupdate.com.au/category/property-investment/">Property Update</a> blog.
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New homes in large, purpose-built estates don’t provide above average long-term capital growth: Michael Yardney

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Melbourne property developer Deal Corporation recently embarked on its $100 million project, Kubix.
It's been touted to offer a new way of living in Knox - assisting in helping to stop migration to the inner and middle ring suburbs.
<img alt="kubixjune18one" height="403" width="578" src="/images/stories/2013/06/kubixjune18one.jpg">
Located opposite the Westfield Knox Shopping Centre on the Stud Rd and Burwood Highway intersection in Wantirna South, the development will comprise of a three building complex with 236 apartments.
Designed by the award-winning Fender Katsalidis Architects who designed Melbourne’s Eureka Tower, <a href="https://www.kubix.com.au/" target="_blank">Kubix is expected to be a landmark development for the region</a>.
Already some 40% of stage one has been sold, Michael Radcliffe of DealCorp told Property Observer, with the display suite set to be open late June 2013, while completion is likely to be in early 2015.
<img alt="kubixjune18two" height="403" width="365" src="/images/stories/2013/06/kubixjune18two.jpg">
“Kubix was designed to appeal to one of the most rapidly emerging trends in the region – the rise of couple or single person households,” Deal Corporation managing director David Kobritz said.
The development is also designed to appeal to people downsizing from traditional homes as well as people looking to remain in the local market and young professionals living and working in the area.
Kobritz said buyer demand has been strong with construction of the first stage of the complex due to start within months following a short sales campaign. With very few large developments slated for construction, demand for smaller apartments was not being met by supply.
<img alt="kubixjune18four" height="328" width="470" src="/images/stories/2013/06/kubixjune18four.jpg">
According to data from the 2011 Census, over 26,000 Knox households had either one or two residents.
In addition, flats, units and apartments only account for 3.7 per cent of housing in Knox, with only 2053 units out of a total of over 55,000 private dwellings in the area.
Between 2006 to 2011, over 20,000 residents moved out of the City of Knox to other parts of Victoria, according to data from the Census of Population and Housing.
Kobritz suspected many people were moving because of the lack of diversity in housing options.
“The total number of apartments in Kubix will provide for just 1% of the potential population suited to apartment living so we see it as a development perfectly timed for today’s new housing options,” he said.
He said other medium density developments in Knox tended to be in-fill projects in traditional residential areas, while Kubix would offer spectacular views and provide a whole new perspective on the region.
Kobritz believes the development is also a suitable alternative for the university student housing market, therefore suiting both investors and owner-occupiers.
While Knox is widely regarded as a family suburb, Deal Corp believes there is an emerging market segment looking to downsize to a secure and convenient apartment lifestyle while remaining in the Wantirna/Knox area.
Kobritz said the trend toward apartment living was spreading out from the inner city but this was the first time it had crossed the Eastlink.
Kubix is located near five golf courses, and is also close to freeways for access to the Mornington Peninsula and the CBD.
Apartments are priced between $310,000 and $535,000.
Stage one of the development will comprise 82 one and two bedroom residences over 9 levels, complete with secure basement parking and storage.
Already some 40% of stage one has been sold, according to the website, with the display suite set to be open late June 2013, while completion is likely to be in early 2015.
According to the <a href="/news">latest report by RP Data</a>, the median sale price for units in Wantirna South is $415,000, up 5.1% on last year. The average discount required to sell a unit is 7.8%, while private treaty sales usually average 44 days on market.
The median asking rent for units is $370 a week, while average rental yield stands at 4.6%.
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