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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Macquarie Group, which has one of the fastest growing home loan books and a wholesale funding deal with Yellow Brick Road, has a 4% delinquency rate on home loans securitised through its PUMA program, according to Moody's.
This is more than double the overall mortgage arrears rate of <a href="/news">1.66% for borrowers more than 30 days behind on mortgage repayments</a>.
The chart below shows Macquarie's delinquency rate has been rising since around September 2011.
Arrears rates are modest by comparison at AMP, HSBC, ING and other banks.
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Macquarie mortgage delinquencies surge to 4% of securitised loan book: Moody's

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Melbourne house values fell by 1.14% over April to a median value of $556,500 to be up 2.05% over the quarter, according to the latest figures from property market analysts Residex.
RP Data-Rismark also had Melbourne house prices down over April, but by a smaller 0.5%. 
Meanwhile, constrained by a lack of affordability, Sydney recorded the steepest fall in its median house value in April of all the major capital cities and regions, according to Residex.
Sydney house values fell 1.42% over April to a median of $684,000.
Over the quarter Sydney house values are virtually unchanged at 0.84%. They are up 3.23% over the past 12 months.
The decline in Sydney house prices went against the overall trend of an 0.83% rise in house values over April to a median of $437,000 with Residex forecasting a "moderate" rise in housing values over the coming months off low interest rates.
Residex has house values up 2.07% over the quarter and 2.8% over the past year.
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RP Data-Rismark recorded a 0.6% decline in house values over April with its <a target="_blank" href="https://www.propertyobserver.com.au/residential/autumn-blues-as-dwelling-values-dip-again-in-may-rpdata-timlawless/2013052661671">daily index pointing to a 1% decline over May.</a>
According to RP Data-Rismark, Sydney house prices fell 0.4% over April.
Residex CEO John Edwards says Sydney's unaffordability makes it “overly sensitive to changing economic conditions” resulting in negative growth in April.
According to Residex affordability figures, Sydney home borrowers are left with just $880 in left over cash each week once the home loan is paid off (assuming a variable home loan rate of 5.4%, 25 year loan term pa, average family tax rate of 17.5% and a 20% deposit).
The other capital city market to record a decline was Canberra, with house values down 1.12% over April to a median value of $519,500, down 0.56% over the quarter, according to Residex.
RP Data-Rismark had Canberra house prices down 0.6% over April.
 
<hr class="system-pagebreak">
The positive effects of the mining boom continued to be felt in Perth and Darwin, according to Residex.
Perth house values lifted 1.37% over April to be up a healthy 4.5% over the past three months with a median value of $503,000.
Darwin house values rose 2.41% over April and are up 3.78% over the quarter with a median house value of $550,000.
Over the past 12 months to April 2013, Darwin house values are up 12.41%, the only capital city property market to record double-digit growth annual growth. Darwin’s ten year average growth rate is 10.49%.
Brisbane house values rose 1.42% in April to a median of $437,500 while Adelaide and Hobart values were unchanged.
In the more volatile unit market, Perth was the standout over April with a 2.62% gain to a median value of $448,000.
Over the past year, Perth unit values are up 11.46% with rents rising over 14% over the past year from $390 to $445 and annual sales up 24.57% compared with the corresponding period, according to Residex.
There were also strong gains recorded in Adelaide’s unit market (2.12%) and some growth in Brisbane’s unit market (1.3%).
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"Overall, the Australian housing market is improving," says Edwards.
"While I don’t favour considering houses and units as one segment because they have very different return attributes, it is usefully to combine them to simply get a general indication of the direction the market is heading.
"The median value of all dwellings in Australia is approx $425,000, which is around its peak value achieved in January 2011.
"In the last 3 months dwelling prices increased by about 1% while they increased by approximately 1.7% in the last 12 months. Clearly, the majority of advances in the market have taken place in the last three months. Sales activity remains low but it is improving. It is now close to the level achieved in December 1999.
"Overall, the recent interest rate reduction will help ensure the advance in housing values that are currently being seen continues, albeit at a moderate level.
"Rental yields across the nation are rising and will continue to do so as fewer people venture into home ownership and renting becomes more the norm. 
"The only exception to this is Canberra where there is a stock oversupply. There must also be some uncertainty here towards the employment level given the pending Federal Election and the likely outcome of a change in government," he says.
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Melbourne median house price at $556,500 as April sees slight decrease in home values: Residex

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The amount of sublease space available in Sydney's CBD reached 73,872 square metres in April, the highest in two-and-a-half years, as financial services firms downsized their operations.
'Consolidation' or 'contraction' were the primary reasons for subleasing space with finance and insurance firms accounting for nearly 40,000 square metres of available sublease space followed by property and business services (around 10,000 square metres) and government tenants (10,000 square metres)
More than half the sublease space available (52%), is situated in the city core.
The increase in sub-lease space is highlighted in CBRE’s latest Sublease Barometer, which tracks both the volume of sublease space and the trends occurring within different industry groups and market sectors in the Sydney CBD.
This upward trend is expected to negatively impact the city’s overall office vacancy rate in 2013, currently at 6.5% according to Morgan Stanley.
Examples of available sublease space include more than third of the space at<a target="_blank" href="https://www.realcommercial.com.au/property-offices-nsw-sydney-500690839"> Investa's  20 storey 347 Kent Street</a> building, the headquarters of ING Australia. It features 27,000s square metre of space, of which more than 9,000 square metres is available to sublease across eight levels. Sublease spaces range from 500 square metres to 1,4000 square metres with rents of between $500 to $600 per square metre excluding GST.
Other tenants subleasing space include Perpetual, State Street and ANZ Bank, which is relocating to its new headquarters at the $800 million 161 Castlereagh Street tower being completed by Grocon.
The decision by firms to downsize has meant that much larger sublease tenancies are being made available, with the barometer showing that tenancies greater than 1,000 square metres account for 70% of all options.
<img height="196" width="470" src="/images/stories/2013/05/cbremay28one.jpg" alt="cbremay28one">
The report shows that there are currently six options available at present of greater than 2,000 square metres which combined account for 38,000 square metres of sublease space.
The last time the sublease volume was higher was in November 2009, when the quantum of sublease stock was close to 90,000 square metres.
The CBRE barometer shows that the level of sublease stock dropped considerably throughout 2010 and 2011 but has been tracking higher since late last year and over April the volume of sub lease stock increased by a further 1.52%.
In December 2011, available sublease space was under 40,000 square metres.
CBRE office services director Jenine Cranston attributes the increase in sublease space in recent months to financial service tenants shedding more space in further rounds of downsizing.  
“The consolidation of financial tenants continues to have a strong influence on the sublease market and is contributing to the increase in the number of larger sublease tenancies,” she says. 
“The finance and insurance sector presently accounts for around half of both the number of sublease opportunities and the quantum of floor space available, with property and business services also accounting for a high proportion of stock compared to other industry sectors.” 
Cranston says one alleviating factor for owners was that the majority of sublease options did not have quality, useable fitouts in place – something that a growing number of cost conscious tenants were requiring. 
“This said, the increase in sublease stock has undoubtedly put an upward pressure on incentives across the city. During the year we expect to see a number of sublease opportunities converted into direct space if it remains in the market. However, if this upward momentum in sublease space continues, this may negatively impact overall vacancy in 2013," she says.
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Sydney CBD sublease space hits 74,000 square metres as finance firms downsize: CBRE

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At some point, your commercial tenant will simply move on. It just happens from time to time.
Therefore, what we'll do here is explore some creative ways to address this and still maintain your sanity, at the same time.
But no matter which approach you adopt, there are several things you always need to do.
1. Obtain (or compile) a list of potential tenants to target.
<ul>
<li>
This may be by geography (i.e. businesses located in the surrounding area); or
</li>
<li>
It may be by business category (i.e. types of businesses you feel your property would ideally suit)
</li>
</ul>
The geographical approach is best suited to industrial property.
In which case, you simply get in your car and drive around the nearby streets, noting down the firms who occupy premises of roughly the same size as yours.
But what about the list by business category?
As old-fashioned as this may sound, I still tend to go first to a hard copy of the Yellow Pages. Using your category list, you look up those specific business types located in and around where your property is located.
Exactly how many categories, and how far you spread from your property, is up to you. However I would probably be suggesting 8 to 10 business categories, and maybe out as far as 5 km.
In any event, you should be looking to come up with a list of around 300 firms to call. That way (and based upon my 2% success rate), you should then end up with between five and six potential starters.
2. Establish who you should be speaking to.
Interestingly, it's not always the CEO. Sometimes it will be the office manager; other times, the financial control.
You may need to have someone else call up beforehand, to establish exactly who the decision-maker is, so that you can straight away ask to be put through to that person.
Now you've compiled your list of target firms to contact, and identified the key people involved, you may find it helpful to actually role-play a couple of very successful tele-scripts for when it comes to making those "cold calls".
Bottom line: This should give you some fresh insights on how easy it is for you to make your cold calls and be successful, whenever you have a vacancy, even in a tough market.
Chris Langis an advisor to commercial property investors, sell-out author and regular speaker on how to invest in commercial property. You can visit his website <a href="https://property-edge.com.au/" target="_blank" rel="nofollow">Property Edge Australia</a> to help you get the most out of your commercial property investing.
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How to find a new commercial property tenant: Chris Lang

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A two-level CBD shop and dwelling at 597 Elizabeth Street has sold at auction for $1.03 million.
The ground floor space is leased for six years to popular Indian food tenant Classic Curry.
It brings in annual income of $53,547 plus GST reflecting an indicative yield of around 5.2%.
Chris Kombi and Mitchell Humphreys handled the campaign.
Located within the Queen Victoria Market precinct, the property is zoned mixed use and has a building area of around 150 square metres, encompassing the ground floor restaurant and a first floor studio apartment.
Classic Curry operates a second restaurant in Sunshine.
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Melbourne curry house and upstairs studio apartment sells for $1.03 million

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The number of auctions being held across the nation continues to climb, with 1,719 auctions scheduled for the coming week, according to RP Data.
The figure is slightly higher than the revised figure of 1,645 auctions last week and the revised figure of 1,520 auctions the previous week.
Last week, the clearance rate rose to a revised 68.1%, up from 67.3% the week prior.
At the same time last year the clearance rate was much lower at 50.5% and only 1,418 auctions were recorded.
Melbourne has 804 auctions scheduled for the coming week, slightly more than the revised figure of 795 last week and 738 auctions the week prior.
However, Melbourne’s clearance rate eased from 71.9% to 69.6% last week but is much higher than the same time last year, when it was 55.2%.
Meanwhile, Sydney’s clearance rate increased from the revised figure of 72.1% the previous week to 73.2% last week.
Sydney has 576 auctions scheduled for this week, slightly less than the revised figure of 588 auctions last week but still more than the previous week of 516 auctions.
At the same time last year, Sydney had a clearance rate of 51.3%.
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Scheduled auctions continue to climb despite winter's arrival: RP Data

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The InterContinental Hotel Group (IHG) has plans to build up to 40 Holiday Inn Expresses across Australia over the next 10 years with construction of its first Holiday Inn Express in Perth soon to begin.
The London-based hotel group, which operates nine other hotel brands including InterContinental and Crowne Plaza, manages over 2,000 Holiday Inn Express hotels globally.
‘We are looking at second and third tier cities for future Holiday Inn Express location rather than build four and five star hotels,” Phil Kasselis, head of development in Australasia for IHG, tells Property Observer.
The group will consider developing future Holiday Inn Express hotels in Newcastle, Wollongong, Geelong as well as in locations in the capital cities where the government is looking to develop new hotels.
The <a href="https://www.propertyobserver.com.au/leisure/perth-to-get-first-holiday-inn-express-as-city-occupancy-rate-hits-85/2013032760099" target="_blank">224 room Perth Holiday Inn Express</a> to be built at 257 Adelaide Terrace, overlooking the Swan River, is due for completion in 2015.
Site works are due to commence in the third quarter of the year in partnership with Perth-based developer Sunfire Asset.
Holiday Inn Expresses are targeted at “savvy business and leisure travellers” within the “limited service mid-market” sector with IHG opening on average two new Holiday Inn Express hotels ever week around the world.
IHG typically partners with investors to build or develop new hotels, and operates them as managers or under a franchise agreement.
In Australia, IHG tends to manage its own hotels, but is looking at implementing a franchising model.
Investors typically include institutional investors and high-net-worth individuals.
“We describe our typical [Holiday Inn Express] guests as Everyday Heroes – they are independent, self-sufficient and they believe in working hard so they can enjoy life,” says the Holiday Inn Express investor brochure.
The chain is promoted with the tagline “Everything you need. Nothing you don’t” as well as through a series of very funny “Stay Smart” television commercials, including this one featuring a white rapper.
{qtube vid:= ZlCLuIwuVgQ}
As part of its expansion plans, IHG has conducted research to identify "emerging traveller identities", which it says will shape the next decade of tourism.
It has identified four types of travellers: 
<ul>
<li>New global explorers from emerging markets, such as China, India, Indonesia, Egypt and Vietnam, who want to follow well-trodden paths and visit the must-see sights of well-known destinations.</li>
<li>Laptop and latte workers – a new breed of business traveller – are young and accustomed to not having set hours or location for work, and are therefore happy to share spaces and mix business with play.</li>
<li>New family groups from both developed and emerging markets, representing the changing face of the traditional family unit, from single person households to multi-generational families booking entire hotel floors.</li>
<li>Expansive mid-lifers are older travellers – the fastest growing and most affluent age group in the world – but don’t want to be defined purely by their age, as they seek out new experiences while demanding services and amenities that suit their needs.</li>
</ul>
Kasselis says hotels need to cater for the current and future needs of customers including obvious things like providing Wi-Fi, but also less obvious region-specific ones like interconnectable rooms in its Middle Eastern hotels to cater for larger family groups.
“Travellers expect hotels to deliver certain things, rather than be surprised by them,” he says.
He says the Australian hotel market has somewhat lagged other first-world markets but is starting to catch up.
He says it is appealing to offshore investors because of its transparency, the ease of doing business and proximity to Asia.
In addition, many investors know the Australian market through personal experience or because their children have studied in Australia.
“There is new money coming into the market from the Middle East and from sovereign wealth funds,” he says.
IHG generates more than $3 billion in sales every year from its half a million hotel rooms.
In Australia, IHG has partnered with hotel developer Jerry Schwartz to develop the Crowne Plaza hotels in the Hunter Valley and Newcastle as well as with Eureka Funds Management on other projects.
Recent projects include transforming the Clarion Hotel in Parramatta into the Holiday Inn Parramatta.
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IHG plans up to 40 Holiday Inn Expresses in Australia as it targets time-poor tech-savvy travellers

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The Princeton, Double Bay penthouse of the late interior design doyen Leslie Walford has been relisted for sale after its contents were sold off and its been restyled on an estimated $10,000 package.
The decluttering of the Princeton, Double Bay penthouse may help its sale giving buyers some relief from the distinctive Walford style.
{yoogallery src=[images/stories/2012/09/oct3penthouse]}
It was initially listed for sale with $4.95 million-plus hopes through Christies International agent Ken Jacobs, but now the apartment comes with a $4 million-plus hopes through Christies inconjunction with Paul Biller and Brad Caldwell-Eyles at 1st City-Hasemer+Caldwell.Eyles.
It has been listed by Walford's partner, Colin Davies.
<a href="https://www.kenjacobs.com.au/570519/" target="_blank">The penthouse </a>with 279-square-metre garden terracing sits atop the 1939 Art Deco Double Bay complex with northerly views across the harbour to Manly.
The apartment now has furniture installed by Kris and Greg Leveson who were among the pioneers of the Sydney property styling industry some 25 years ago after the then antique dealer couple discovered the business opportunity when they were selling their own family home.
{yoogallery src=[images/stories/2013/05/may21walford]}
The Princeton interiors previously showcased the tastes of Walford, who retired just six years ago after an international career spanning five decades. The bones of the apartment remain - polished timber floorboards, high vaulted ceilings, ornate cornices, curved bay windows and french doors - and Walford devotees would see  a few remnants amid the decor.
The funeral of the doyen of Sydney interior decorators Leslie Walford was held at St Marks, Darling Point in February 2012 after he died peacefully at the Sacred Heart Hospice, Darlinghurst.
<img style="border-style: initial; border-color: initial; float: left; margin: 5px;" src="/images/stories/walford.jpg">The Society of Interior Designers suggests Walford was one of the best-known figures in Australia in interior design having worked at the top levels of design for several decades, not only in Australia but also in Europe, Asia and the UK.
His business, Walford and Horgan Interiors – regarded by many as a byword for excellence in design – had many wealthy clients that included the media tycoons Reg Grundy and the Fairfax, Murdoch and Packer families.
He was described this week as “the man who 70 years ago began the slide away from drab interiors filled with Victorian brown furniture,” by John Furphy at the Australian Art Sales Digest.
"A good antique can be more of a friend than an object that doesn't have a past," Walford repeatedly suggested.
Surrounded by an eclectic collection of furniture and artwork, he celebrated his 85th birthday in January 2012 at his Double Bay penthouse, but abandoned his regular sojourn to <a href="/news">his Sri Lanka villa</a> due to his deterioriating health.
His entertaining tips were published in <a href="https://news.google.com/newspapers?nid=1301&amp;dat=19830206&amp;id=gp1WAAAAIBAJ&amp;sjid=BucDAAAAIBAJ&amp;pg=6419,1954543" target="_blank">a 1983 interview piece</a>.
His funeral notice acknowledged he was the dear friend of Richard (Dick) Keep and of Colin Davies.
 
<hr class="system-pagebreak">
When he was two years old Walford’s father died and his mother took him from Sydney to England for his schooling, and from there he went to Paris to study design.
It was in Paris that he developed a passion for period furniture, returning to Australia aged 27. In 1957 he established an antiques and decorating business in Double Bay's Knox Street.
Walford, who was proud his parents had convict ancestors, grew up with a love of Sydney.
He was a foundation member of the Society of Interior Designers and its national president from 1965 to 1966 and again from 1978 to 1979.
He was very much tapped into the Sydney social set – and for many years wrote <a href="https://news.google.com/newspapers?id=Ef1jAAAAIBAJ&amp;sjid=JOcDAAAAIBAJ&amp;pg=1549,8720788&amp;dq=leslie+walford&amp;hl=en" target="_blank">a weekly Sunday paper column</a>, Our Town.
The bits and pieces that he’s sold to clients over the years turns up occasionally at auction, such as a <a href="https://www.mossgreen.com.au/auctions/artwork-detail.asp?idImage=3267" target="_blank">1957 acquisition</a> of an American feather picture of the eagle and flag.
In recognition of his contribution to the profession Walford was made a life fellow of the Design Institute of Australia, and in 2008 he was inducted into the DIA Design Hall of Fame.
Some of his collection was auctioned on his retirement in 2007 by auctioneer Mossgreen.
The contents of the Walford apartment were sold at another auction through Mossgreen last November. The sales tally suggest around $540,000 was grossed, including the buyer's premium, from about 400 household items.
<img src="/images/stories/2012/11/walford1.jpg">
The items represented five decades of accumulation by the noteworthy decorator to old Sydney money – and some later arrivistes.
They were listed by Walford's partner, Colin Davies.
<a href="https://www.kenjacobs.com.au/570519/" rel="nofollow" target="_blank">The penthouse </a>with 279-square-metre garden terracing sits atop the 1939 Art Deco building with northerly views across the harbour to Manly.
The interiors showcased the tastes of Walford, who retired just five years ago after an international career spanning five decades.
It was built with polished timber floorboards, high vaulted ceilings, ornate cornices, curved bay windows and french doors.
 
<hr class="system-pagebreak">
The initial Double Bay purchase cost $125,000 in 1975 from Sabrina Van der Linden.
<img src="/images/stories/2012/11/walford4.jpg">
The apartment, which comes with 500 square metres of space, was consolidated with another purchase in 1978 from the photographer Ann Riddell.
Born to parents who celebrated with two bottles of 1918 Bollinger, after his 1927 birth, Walford was sent off at the age of 11 to England. (The champers bottles, below, went unsold with a $100-150 estimate.)
<img src="/images/stories/2012/11/walford3.jpg">
After time in the British Army, he studied interior design in Paris. He had self-deprecating pretensions, often joking he was conceived at the Ritz. Then hastening to add it was the <a href="https://www.photosau.com.au/BlueMountains/scripts/ExtSearch.asp?SearchTerm=004039" target="_blank">Ritz Leura, Blue Mountains guesthouse </a>rather than the Paris hotel one he loved so much.
His penthouse apartment ceiling was painted with a bamboo and foliage pattern and suspended from this was a large Fortuny silk lantern from Venice.
"This traditional Chinoiserie effect is rather lovely in European decorating," Walford once told then SMH Sydney Magazine home decor columnist Margie Blok.
She was among the auction crowd that watched the Fortuny fabric tiered ceiling light (below) fetch $3,172.
<img src="/images/stories/2012/11/walford2.jpg">
Among the dearest items was a pair of Louis XV carved walnut fauteuil, signed Blanchard, French 18th-century armchairs that fetched $26,840.
A pair of Italian Blackamoor figures of two Nubian men, 19th-century, sold for $23,180.
A 19th-century French white porcelain and gilt bronze mounted elephant and pagoda form clock century fetched $7,320.
One of the cheapies appeared to be the Ross Watson painting, James II and youth, 1986 oil on canvas which fetched $3,416. His works are in significant private collections including Sir Elton John, James Wolfensohn and the British peer Lord Cholmondeley. <a href="https://www.rosswatson.com/index" target="_blank">Watson</a> was a 1990 Moet &amp; Chandon finalist.
The Historic Houses Trust (HHT) has become the home of some papers from the archive of the late Leslie Walford.
The Sydney Morning Herald's then Title Deeds columnist Margie Blok delivered a tribute at Walford's funeral.
"To a sparkling and beautiful star.
"He was the saviour of the most ordinary dinner party, for he could weave wonderful tales and rivet an audience," she said.
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jchancellor-FAypfDUnLy

Princeton, Double Bay penthouse of the late interior design doyen Leslie Walford relisted after re-styling

<html><body>
Apartment prices in the Sunshine Coast surfing town of Peregian Beach crashed on the shore after soaring in 2012.
Renowned for its unspoilt beaches, deep-fried Mars bars and laid-back lifestyle, Peregian Beach – situated between Noosa Heads and Coolum Beach – was the top performing unit market in the $501,000 to $700,000 price bracket as highlighted by Smart Property Investment magazine a year ago.
RP data records a 39% gain in median unit prices in Peregian Beach over the 12 months to February 2012 to $516,000.
However, unit prices fell sharply in the following 12 months with RP Data recording a 33% decline in median prices to $345,000 to February 2013.
Recent sales in Peregian Beach include a <a href="https://www.homehound.com.au/unit+2+244+david+low+way+peregian+beach+qld+4573/21780978/" target="_blank">two-bedroom townhouse on David Low Way</a> (pictured below) acquired by Brisbane-based property investment advisors Parker Property Investments for $480,000.
<img alt="peregianmay29one" height="347" width="470" src="/images/stories/2013/05/peregianmay29one.jpg">
It last sold for $585,000 in 2003, an 18% drop.
The property was listed for nearly two-years with initial price of $595,000 with the vendor presumably deciding to accept a more realistic valuation of their investment after being unable to find a buyer.
The sale was negotiated by Ted Schimke of LJ Hooker Peregian Beach.
His colleague Paul Flanagan negotiated the sale of a <a href="https://www.realestate.com.au/property-unit-qld-peregian+beach-110660457" target="_blank">two-bedroom unit on Peregian Esplanade</a> (pictured below) directly across from the beach in February this year for $337,500. It had been listed for nearly eight months with an initial asking price of $379,000.
<img alt="peregianmay29two" height="332" width="470" src="/images/stories/2013/05/peregianmay29two.jpg">
The Peregian Beach correction extended to the nearby suburb of Peregian Springs, where median unit prices fell 21% to a median of $315,000 in the year to February 2013 following a 48% gain in 2012.
The top three performing suburbs at the upper end of the market, all underwent corrections in the year to February 2013 following strong rises in the previous 12 months.
Median prices fell 16% in the leafy Boroondara suburb of Canterbury, 10 kilometres east of the Melbourne CBD, reversing the 17% gains made in 2012 with a median price of $730,000.
There were also significant corrections in North Fremantle (-12%) and Lavender Bay (-11%), the harbourside suburb on the lower North Shore of Sydney.
In total there were significant price corrections in eight out of the 15 hot spot locations, while four markets were flat and just two made noteworthy gains - West Leederville, just three kilometres north of the Perth CBD (a 42% gain followed by an 8% gain) and Windaroo in Logan City (33% followed by 31%).
However, Windaroo appears to be an anomaly with 2011 census data showing just three units out of nearly 900 dwellings in the suburb.
This the full list of the top 15 performers in the year to February 2012 and how they fared in the year to February 2013. Whilst listed as the top performers, they were not necessarily recommended by RP Data or SPI Magazine as property investment hotspots for 2013.
<table cellpadding="0" cellspacing="0" border="1" style="width: 470px;"><tbody>
<tr>
<td width="73" valign="top">
State
</td>
<td width="123" valign="top">
suburb
</td>
<td width="66" valign="top">
Annual sales to Feb 13
</td>
<td width="78" valign="top">
Median price Feb 2012
</td>
<td width="95" valign="top">
Median price Feb 2013
</td>
<td width="90" valign="top">
Median 12mth growth to Feb 2012
</td>
<td width="90" valign="top">
Median 12mth growth to Feb 2013
</td>
</tr>
<tr>
<td colspan="7" width="616" valign="top">
BEST PERFORMING SUBURBS $700,001 plus
</td>
</tr>
<tr>
<td width="73" valign="top">
WA
</td>
<td width="123" valign="top">
<a href="/news">North Fremantle</a>
</td>
<td width="66" valign="top">
70
</td>
<td width="78" valign="top">
$1.13 m
</td>
<td width="95" valign="top">
$777,500
</td>
<td width="90" valign="top">
49%
</td>
<td width="90" valign="top">
-12%
</td>
</tr>
<tr>
<td width="73" valign="top">
NSW
</td>
<td width="123" valign="top">
<a href="/news">Lavender Bay</a>
</td>
<td width="66" valign="top">
25
</td>
<td width="78" valign="top">
$740,000
</td>
<td width="95" valign="top">
$629,000
</td>
<td width="90" valign="top">
24%
</td>
<td width="90" valign="top">
-11%
</td>
</tr>
<tr>
<td width="73" valign="top">
VIC
</td>
<td width="123" valign="top">
<a href="/news">Canterbury</a>
</td>
<td width="66" valign="top">
28
</td>
<td width="78" valign="top">
$730,000
</td>
<td width="95" valign="top">
$614,500
</td>
<td width="90" valign="top">
17%
</td>
<td width="90" valign="top">
-16%
</td>
</tr>
<tr>
<td colspan="7" width="616" valign="top">
BEST PERFORMING SUBURBS $500,001 - $700,000
</td>
</tr>
<tr>
<td width="73" valign="top">
QLD
</td>
<td width="123" valign="top">
<a href="/news">Peregian Beach</a>
</td>
<td width="66" valign="top">
33
</td>
<td width="78" valign="top">
$516,000
</td>
<td width="95" valign="top">
$345,000
</td>
<td width="90" valign="top">
39%
</td>
<td width="90" valign="top">
-33%
</td>
</tr>
<tr>
<td width="73" valign="top">
WA
</td>
<td width="123" valign="top">
<a href="/news">Kensington</a>
</td>
<td width="66" valign="top">
18
</td>
<td width="78" valign="top">
$535,000
</td>
<td width="95" valign="top">
$436,250
</td>
<td width="90" valign="top">
36%
</td>
<td width="90" valign="top">
-18%
</td>
</tr>
<tr>
<td width="73" valign="top">
SA
</td>
<td width="123" valign="top">
<a href="/news">Henley Beach</a>
</td>
<td width="66" valign="top">
58
</td>
<td width="78" valign="top">
$572,500
</td>
<td width="95" valign="top">
$575,000
</td>
<td width="90" valign="top">
34%
</td>
<td width="90" valign="top">
0%
</td>
</tr>
<tr>
<td colspan="7" width="616" valign="top">
BEST PERFORMING SUBURBS $400,001 - $500,000
</td>
</tr>
<tr>
<td width="73" valign="top">
WA
</td>
<td width="123" valign="top">
<a href="/news">West Leederville</a>
</td>
<td width="66" valign="top">
35
</td>
<td width="78" valign="top">
$482,500
</td>
<td width="95" valign="top">
$522,000
</td>
<td width="90" valign="top">
42%
</td>
<td width="90" valign="top">
+8%
</td>
</tr>
<tr>
<td width="73" valign="top">
QLD
</td>
<td width="123" valign="top">
<a href="/news">Windaroo</a>
</td>
<td width="66" valign="top">
14
</td>
<td width="78" valign="top">
$480,000
</td>
<td width="95" valign="top">
$550,000
</td>
<td width="90" valign="top">
33%
</td>
<td width="90" valign="top">
+31%
</td>
</tr>
<tr>
<td width="73" valign="top">
QLD
</td>
<td width="123" valign="top">
<a href="/news">Geebung</a>
</td>
<td width="66" valign="top">
22*
</td>
<td width="78" valign="top">
$470,000
</td>
<td width="95" valign="top">
$405,000*
</td>
<td width="90" valign="top">
33%
</td>
<td width="90" valign="top">
-20.7%*
</td>
</tr>
<tr>
<td colspan="7" width="616" valign="top">
BEST PERFORMING SUBURBS $300,001 - $400,000
</td>
</tr>
<tr>
<td width="73" valign="top">
QLD
</td>
<td width="123" valign="top">
<a href="/news">Peregian Springs</a>
</td>
<td width="66" valign="top">
64
</td>
<td width="78" valign="top">
$391,950
</td>
<td width="95" valign="top">
 
</td>
<td width="90" valign="top">
48%
</td>
<td width="90" valign="top">
-21%
</td>
</tr>
<tr>
<td width="73" valign="top">
QLD
</td>
<td width="123" valign="top">
<a href="/news">Kunda Park</a>
</td>
<td width="66" valign="top">
19
</td>
<td width="78" valign="top">
$353,750
</td>
<td width="95" valign="top">
$308,000
</td>
<td width="90" valign="top">
47%
</td>
<td width="90" valign="top">
-13%
</td>
</tr>
<tr>
<td width="73" valign="top">
QLD
</td>
<td width="123" valign="top">
<a href="/news">Hillcrest</a>
</td>
<td width="66" valign="top">
36
</td>
<td width="78" valign="top">
$333,000
</td>
<td width="95" valign="top">
$331,750
</td>
<td width="90" valign="top">
43%
</td>
<td width="90" valign="top">
0%
</td>
</tr>
<tr>
<td colspan="7" width="616" valign="top">
BEST PERFORMING SUBURBS UNDER $300,000
</td>
</tr>
<tr>
<td width="73" valign="top">
NSW
</td>
<td width="123" valign="top">
<a href="/news">South Tamworth</a>
</td>
<td width="66" valign="top">
15
</td>
<td width="78" valign="top">
$165,000
</td>
<td width="95" valign="top">
$166,500
</td>
<td width="90" valign="top">
28%
</td>
<td width="90" valign="top">
+1%
</td>
</tr>
<tr>
<td width="73" valign="top">
SA
</td>
<td width="123" valign="top">
<a href="/news">Port Lincoln</a>
</td>
<td width="66" valign="top">
64
</td>
<td width="78" valign="top">
$220,000
</td>
<td width="95" valign="top">
$217,250
</td>
<td width="90" valign="top">
27%
</td>
<td width="90" valign="top">
-1%
</td>
</tr>
<tr>
<td width="73" valign="top">
TAS
</td>
<td width="123" valign="top">
<a href="/news">Trevallyn</a>
</td>
<td width="66" valign="top">
20
</td>
<td width="78" valign="top">
$290,000
</td>
<td width="95" valign="top">
$182,250
</td>
<td width="90" valign="top">
26%
</td>
<td width="90" valign="top">
-31%
</td>
</tr>
</tbody></table>
*based on 2012 calendar year data
Source: RP Data/SPI Magazine
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Property waves dump Noosa surf spot Peregian Beach as unit hotspots fail to fire

<html><body>
Canberra’s heritage-listed Sydney Building on London Circuit, formerly a Fletcher Jones department store for 50 years, has been passed in at auction.
A spokesperson for CBRE, the selling agents, said negotiations were now underway with interested parties.
The two-storey corner building (pictured below) at 91-99 London Circuit in the Canberra CBD and Northbourne Avenue, was one of the first privately constructed properties in Canberra along with the Melbourne Building, characterised by Mediterranean influenced architecture with Roman motifs, round arch ways, arcade walkways and formal corner entrances with both buildings being situated prominently in the heart of the CBD.
<img alt="fletcherjonesmay29one" height="280" width="470" src="/images/stories/2013/05/fletcherjonesmay29one.jpg">
It offers ground floor commercial space measuring around 300 square metres with 31 square metres of street frontage.
Australian clothing manufacturer and retailer Fletcher Jones formerly inhabited the ground floor for over 50 years, ending its half-century presence in the building after the 93-year-old company went into voluntary administration at the end of 2011.
The first floor comprises four office units accessed via a separate stairwell off London Circuit. Currently two of the four units are tenanted by a psychologist and skin treatment clinic
In November last year a Malaysian investor purchased the <a href="https://www.propertyobserver.com.au/developments/malaysia-based-mammoth-empire-the-latest-asian-developer-to-take-another-piece-of-melbourne-residential-development-pie/2012120658312" target="_blank">Melbourne CBD corner premises</a> occupied for 57 years by Fletcher Jones for $11 million.
The Canberra building has recently become the base of operations for Canberra’s You Are Here Festival which showcases the capital’s experimental arts and culture scene.
Ahead of the auction, CBBRE commercial property agent Patrick Sammon who along with colleague Mark Nicholls is marketing the building, said the property’s historical significance, iconic features and prominent location has sparked significant purchasing enquiries from a range of buyers.
“The property offers wide street frontage, great signage opportunity and the potential for a quality tenant providing further exposure and rental upside for the new owner,” Mr Sammon said.
The property was last sold in 1998 for $2,115,000.

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