<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.

[smartcode_project:default project_id=7877 project_image_fid=355754]

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.

[smartcode_project:default project_id=7877 project_image_fid=355852]

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.

[smartcode_project_cta:default project_id=7877]

Joel Robinson

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.

[smartcode_project:default project_id=151614 project_image_fid=371872]

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.

[smartcode_project:default project_id=151614 project_image_fid=372083]

"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.

[smartcode_project:default project_id=151614 project_image_fid=371890]

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.

[smartcode_project:default project_id=151614 project_image_fid=371877]

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.

[smartcode_project_cta:default project_id=151614]

Mosaic records more than $400m in two months at South Brisbane's The Riversdale

Lender, fund manager and apartment developer Princeton has completed <a href="https://www.apartments.com.au/buildings/marque-rockdale-602-608-princes-highway-rockdale-nsw-2216">Marque Rockdale</a>, the first new apartment development in South Sydney to provide its owners with a 10-year Latent Defects Insurance policy, the most comprehensive insurance available for a new apartment building.

The policy has been a key consideration for prospective purchasers of the 58 one-, two-, and three-bedroom apartments, strategically located between&nbsp;Rockdale Plaza and Rockdale Station.&nbsp;

Buyers have also been drawn to the fact that it is one of few new apartment developments delivered in the suburb in the last 10 years, and the only one located on Princes Highway to be set well back from the street to reduce noise. There's also a communal rooftop, a rarity in the suburb, complete barbecue facilities, landscaped seating areas, a children's play zone and herb gardens.

[smartcode_project:default project_id=136442 project_image_fid=374084]

Ray White Projects’ Matt Otway said buyer enquiry reflected the increasingly diverse and cosmopolitan population that has made Rockdale home.

“We’re seeing strong interest from a broad mix of buyers, including young professionals and people who have rented in Rockdale and the surrounding suburbs and now see Marque as an opportunity to buy a brand-new apartment in an area they already know,” Otway said.

“Proximity to the CBD and Sydney Airport is another key advantage particularly for buyers working in these locations who want the added convenience of living close by.”

Investors have also been attracted to the project, with rental yields of more than five per cent, which is considered a strong result for the Sydney market.

[smartcode_project:default project_id=136442 project_image_fid=374090]

Adding another layer to the buyer proposition is Marque's 10-year Latent Defects Insurance policy from Resilience Insurance, making it the only new apartment development in Rockdale to offer the cover.

The policy protects apartment owners against major structural and waterproofing defects for 10 years following completion, giving Marque purchasers cover until early 2036 at no additional cost.

The likelihood of defects emerging has also been mitigated through the Technical Inspection Service (TIS), which saw independent experts inspect the building at various stages throughout construction to identify potential issues during the build, rather than after the fact.

SDSS, which provided the TIS, consistently ranked the construction quality at Marque, undertaken by iCIRT-rated builder Coplex, among the best across its extensive portfolio of projects.

[smartcode_project:default project_id=136442 project_image_fid=374088]

Otway said the LDI had become a major drawcard for buyers, particularly given Rockdale has seen relatively little new apartment development over the past decade.

"Rockdale hasn't had a lot of new apartment buildings in the last decade, and has never had a project with 10-year defect insurance," Otway said.

"Marque presents a truly rare opportunity at an affordable price point, so well connected to the Sydney CBD."

One-bedroom apartments at Marque start from $735,000.

[smartcode_project_cta:default project_id=136442]

Marque Rockdale completes as South Sydney’s first apartments backed by 10-year defect insurance

Sydney developer <a href="https://www.apartments.com.au/developers/odus">ODUS Property Group</a> is continuing to expand its local Gold Coast development pipeline, filing plans for a new 40-storey tower in the Southport CBD.

Odus, which bought two luxury Main Beach projects, now La Mer and Le Reve, to make its move into the booming Gold Coast apartment market, has secured its third site. But it is tweaking the plans for a previously proposed 50-storey skyscraper, now seeking to deliver 40 storeys.

The project, dubbed <a href="https://www.apartments.com.au/new-apartments/80-marine-parade-74-80-marine-parade-southport-qld-4215">80 Marine Parade</a>, sits on a prime&nbsp;2,032 sqm amalgamated corner site at 74–80 Marine Parade and 4 Welch Street, across the road from the Gold Coast Aquatic Centre. It will have unobstructed, never-to-be-built-out views to the east given its position opposite the Broadbwater Parklands.&nbsp;

The plans are for 316 apartments, ground-floor retail, and resort-style resident amenities. The project sits within Precinct 1 (Central Business District) of the Southport Priority Development Area, where high-density residential and commercial development is actively encouraged.

BGD, ran by Bayden Goddard and the architecture firm behind Le Reve, has revised the original concept plans, substantially reworking the built form. Basement parking has been replaced by an expanded podium designed to improve functionality while reducing the tower's overall visual impact.&nbsp;&nbsp;

<img alt="First look: Odus Property Group plots landmark 40-storey tower for Southport's Broadwater gateway" data-entity-type="file" data-entity-uuid="0f13d065-2cf5-45ec-aa17-1a03754d93d8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Southport%20da%202.png?VersionId=.9QS2n7kBc_U3PyaI247uOyNSXIqnXSE" />

The tower rises above the eight-storey landscaped podium with a distinctive architectural language defined by sweeping arches, integrated greenery, bronze-toned glazing, and a sculptural rooftop crown.

The development will comprise 104 one-bedroom apartments, 208 two-bedroom apartments, and four four-bedroom penthouses across levels 9 to 36. Apartments are designed to accommodate both permanent residents and short-term accommodation within the same building.

A double-height lobby and reception will anchor the ground floor alongside a 23 sqm food and drink outlet, activating the Marine Parade frontage.

Parking will be accommodated within the podium, providing 288 vehicle spaces and 74 bicycle spaces, accessed from Welch Street.

<img alt="First look: Odus Property Group plots landmark 40-storey tower for Southport's Broadwater gateway" data-entity-type="file" data-entity-uuid="d7528b91-2c47-4094-98b3-5eecbacc0041" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Southport%20da%20podium.png?VersionId=efF5oWs4T9PDvxJwJEDHu5kSQ5eE3IBy" />

Residents will have access to an extensive suite of amenities spread across multiple levels. A podium recreation deck will include a swimming pool, spas, sauna, steam room, cinema, residents' lounge and children's games room, while a second wellness level near the top of the building will feature a gym, co-working spaces, reading room, dining areas and communal kitchen. Extensive podium landscaping wraps the building to soften the built form and strengthen its interface with the surrounding streetscape.

The planning report notes the project responds directly to Southport's ongoing urban transformation.

"Consistent with much of Southport, the surrounding area is undergoing significant transition, with many older low-rise developments progressively being redeveloped for higher-intensity urban outcomes, as envisaged within Precinct 1."

It also states that the proposal "will contribute to a defined and legible eastern gateway to the Southport CBD, reinforcing the area's high-density urban character while maintaining a strong visual connection to the adjoining public open space network."

<img alt="First look: Odus Property Group plots landmark 40-storey tower for Southport's Broadwater gateway" data-entity-type="file" data-entity-uuid="0b9fdebd-4b35-400b-a287-6bd1cdbcdb1b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Southport%20da.png?VersionId=4LG35XR5mfir7jvG2TShtQx.utMLYBxu" />

Located opposite the Broadwater Parklands, the site enjoys immediate access to the Gold Coast Aquatic Centre, Australia Fair Shopping Centre, TAFE Queensland Southport campus, the G:link light rail corridor and Southport's established commercial precinct. The location places future residents within one of the Gold Coast's fastest-evolving mixed-use centres, where numerous high-rise residential projects are reshaping the CBD skyline.

Odus is headed by development professionals Byron Sakha, Jarrod Younan and Sebastian Younan. The Younans also head family-owned builder Nazero Constructions, established in the 1960s.

They are currently delivering La Mer, 24 luxury apartments on Main Beach Parade, and Le&nbsp;Rêve, on the same street but on the prized beachfront side of the sought-after strip.

ODUS plans landmark 40-storey tower for Southport's Broadwater gateway

A boutique collection of just 10 residences could become the catalyst for the next phase of renewal along the southern end of Surfers Paradise Boulevard, with new plans laid for a mixed-use tower designed to transform a long-vacant site.

The proposal for <a href="https://www.apartments.com.au/new-apartments/3098-surfers-paradise-boulevard-surfers-paradise-qld-4217">3098 Surfers Paradise Boulevard</a> has been conceived as more than a standalone residential project. Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, the development aims to spark the revitalisation of what the design team describes as the "South Boulevard" precinct, creating an active streetscape with retail uses at ground level beneath a collection of full-floor luxury residences.

The application, by PR Property Holdings, an entity directed by the Brisbane-based Ryan and Petrovic families, seeks approval for a 17-storey, 62.2-metre mixed-use development on a compact 427 sqm site between Surfers Paradise Boulevard and Appel Street.

The project will comprise just 10 apartments, including eight full-floor residences and two duplex apartments, positioned above a two-level retail podium. Three podium parking levels will accommodate 26 vehicle spaces, while a recreation deck is proposed on Level 4.

<img alt="First look: PR Property Holdings plans boutique apartment tower to kickstart Surfers Paradise's 'South Boulevard' revival" data-entity-type="file" data-entity-uuid="46cfa37d-5051-4449-8d8e-6724f8ca0d59" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_8.png?VersionId=e7UkeV1eTZAC2lXhdq72E3jpUbwiFD2t" />

Rather than pursuing apartment volume, the proposal focuses on large-format homes with a slender tower form intended to maximise outlooks while limiting visual bulk.

BDA Architecture said the proposal has been designed to become an urban renewal catalyst for the precinct.

"The ambition of 3098 Surfer's Paradise is that it provides the catalyst for incremental infill redevelopment and upgrade of what is coined the 'South Boulevarde' of Surfers Paradise which connects to the beating heart of Cavill Avenue."

The architects added: "An incremental approach to development that provides quality ground plane interface, human scale design, integrated subtropical landscape and semipublic permeable frontage can over time entirely upgrade a precinct."

The architecture adopts soft curves, articulated balconies and a slender tower profile rising from a human-scaled podium. The design report describes the project as delivering "bespoke residences of enduring distinction, sculpted with precision and quiet sophistication," with a focus on timeless coastal architecture.

The application also includes retail tenancies addressing Surfers Paradise Boulevard, reinforcing the site's role as an active mixed-use destination rather than a purely residential address. The planning report states the combination of the podium, landscaping and active frontage is intended to strengthen the pedestrian experience while contributing to the evolving character of the boulevard.

The site occupies a prominent position in the southern section of Surfers Paradise, directly opposite the G:link light rail corridor and within walking distance of Surfers Paradise Beach, Cavill Avenue, the Nerang River and Bruce Bishop Car Park. It is currently vacant, having previously accommodated a single-storey commercial building that was demolished in 2022. The planning report notes the surrounding area is characterised by a mix of commercial buildings and residential towers, with unlimited building height provisions applying under the Centre Zone.

The proposal also replaces an earlier 2022 approval for a restaurant and bar on the site, instead introducing a permanent mixed-use development that combines retail activation with boutique residential living.

Boutique apartment tower to "kickstart" Surfers Paradise's 'South Boulevard' revival

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.

[smartcode_project:default project_id=114215 project_image_fid=204874]

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.

[smartcode_project:default project_id=108019 project_image_fid=212658]

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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Non-bank lender State Custodians has passed on Tuesday's Reserve Bank interest rate cut  in full across all its variable home loan products.

Its peak performance home loan will reduce to 4.74%, one of the lowest offerings in the market.
“The peak performance loan comes with a free 100% offset account – this helps our customers to further reduce the interest they pay," says CEO Heidi Armstrong.
"In addition we’re increasing the acceptable loan to value ratio (LVR) from 75% to 80% – and making the loan available for both refinances and purchases."
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gdwyer-vyxhMDDW5L

State Custodians pass on full rate cut with 4.74% high deposit offering

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"Expect this week's extraordinary cut in official interest rates - already passed on by most of the banks - to add more fuel to an already hot Sydney housing market," Australian Property Monitors senior economist Dr Andrew Wilson forecasts.
The comments were against the backdrop of Sydney's April auction clearance rate being the third highest recorded for any April over the past decade - ranking behind the property boom periods of 2002 and 2010.
Sydney auctioneer Damien Cooley used the same analogy when he <a href="https://twitter.com/damiencooley" target="_blank">tweeted</a> this morning: "Market is hot people! The rate cut is like throwing petrol on a fire!"
<a target="_blank" href="https://news.apm.com.au/apm-news/sydney-may-11th-auction-preview-20120423-1xfsg">Dr Wilson wrote on APM News that the Sydney housing market had been a standout performer this year.</a>
Last weekend’s Sydney auction clearance rate of 78.1% (with late result notification revision yet to be advised) was well ahead of the 60.5% over the same weekend in 2012.
This weekend Sydney has 363 scheduled auctions, around the same number as the same Saturday last year. Last weekend there were 399 auctions, with the onset of the colder months triggering the gradual reduction in auction numbers.
<div></div>
<div>With 9 auctions, Lidcombe will be the most active Sydney auction suburb this weekend, followed by Mosman and Eastwood.</div>
<div>As a postscript just six auction results at Lidcome were notified with four of the six selling. And therefore three yet to be advised.</div>
<div></div>
<div></div>
<div></div>
<div></div>
<div></div>
<div>Melbourne has around 670 which is around 10% more than the same time last year. </div>
<div>
With 15 auctions, Malvern East is Melbourne's most popular auction suburb this weekend followed by Brighton, Richmond, Hawthorn and Glen Waverley. As a postscript, APM reported on just the two Malvern East auctions by Saturday night's conclusion, both of whoch sold, and therefore some 13 results yet to be tabulated.
</div>
<div></div>
<div>Dr Wilson says Melbourne's weekend auction clearance rates have averaged 69% this year, some 10% than last year's same period average.</div>
<div>
April's 66.1% notched up Melbourne's best monthly result since the July 2010 peak of the house price boom.
Property Observer will post the latest auction news over the weekend with a full round-up on Monday.</div>
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jchancellor-FAypfDUnLy

The  extraordinary cut in official interest rates to add more fuel to an already hot Sydney housing market: APM's Andrew Wilson

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The dust has almost settled following the RBA’s decision to cut the cash rate by 25 basis points to a 53-year-low of 2.75%.
Reflecting better funding conditions, the Greater Building Society was the standout lender, passing on 30 basis points to borrowers followed by ANZ which passed on 27 basis points, saving borrowers between $50 and $60 per month for those on a $300,000 variable-rate mortgage. 
Nearly all lenders diligently passed on the 25 basis points in full, but from different starting points so even if your lender has passed on the rate cut in full, your new home loan rate may not look that attractive.
Westpac chief economist Bill Evans has also highlighted that while the cash rate may be at a record low of 2.75%, the average standard variable rate is someway off the 2009 low of 5.75% with lenders increasing their margins since the GFC by not passing on rate cuts in full and in some cases, lifted rates independently of the RBA.
RateCity.com.au CEO Alex Parson highlights that prior to the Tuesday rate cut, the benchmark standard variable rate was 6.42%.
“While this is the lowest level since December 2009, it is still 3.42 percentage points above the cash rate and the biggest spread we’ve ever seen,” Parson says.
There's also a big spread in the standard variable mortgage offerings - the benchmark at which all lenders price their home loans - as this table shows, starting from 4.75% and rising to 6.22%:
<div align="center">
<table align="left" style="width: 470px;" cellpadding="0" cellspacing="0" border="1"><tbody>
<tr>
<td colspan="3" nowrap width="100%">
Lenders that passed
on more than 0.25%
</td>
</tr>
<tr>
<td nowrap width="31%">
Company
</td>
<td nowrap width="37%">
Standard variable
rate movement
</td>
<td nowrap width="30%">
New standard
variable rate
</td>
</tr>
<tr>
<td nowrap width="31%">
Greater Building Society
</td>
<td nowrap width="37%">
-0.30%
</td>
<td nowrap width="30%">
5.75%
</td>
</tr>
<tr>
<td nowrap width="31%">
ANZ
</td>
<td nowrap width="37%">
-0.27%
</td>
<td nowrap width="30%">
6.13%
</td>
</tr>
<tr>
<td colspan="3" nowrap width="100%">
Lenders that passed
on the full 0.25% cut
</td>
</tr>
<tr>
<td nowrap width="31%">
Adelaide Bank
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.56%
</td>
</tr>
<tr>
<td nowrap width="31%">
Aussie Home Loans
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.24%
</td>
</tr>
<tr>
<td nowrap width="31%">
Bank MECU
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.74%
</td>
</tr>
<tr>
<td nowrap width="31%">
Bank of Melbourne
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.15%
</td>
</tr>
<tr>
<td nowrap width="31%">
Bank SA
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.22%
</td>
</tr>
<tr>
<td nowrap width="31%">
Bankwest
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.14%
</td>
</tr>
<tr>
<td nowrap width="31%">
BOQ
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.26%
</td>
</tr>
<tr>
<td nowrap width="31%">
Commonwealth Bank
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.15%
</td>
</tr>
<tr>
<td nowrap width="31%">
CUA
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.60%
</td>
</tr>
<tr>
<td nowrap width="31%">
Heritage Bank
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.89%
</td>
</tr>
<tr>
<td nowrap width="31%">
IMB
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.91%
</td>
</tr>
<tr>
<td nowrap width="31%">
ING DIRECT
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.41%
</td>
</tr>
<tr>
<td nowrap width="31%">
loans.com.au
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
4.87%
</td>
</tr>
<tr>
<td nowrap width="31%">
MyRate
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.42%
</td>
</tr>
<tr>
<td nowrap width="31%">
nab
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.13%
</td>
</tr>
<tr>
<td nowrap width="31%">
P&amp;N Bank
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.95%
</td>
</tr>
<tr>
<td nowrap width="31%">
People’s Choice
Credit Union
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.12%
</td>
</tr>
<tr>
<td nowrap width="31%">
Police Credit
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.74%
</td>
</tr>
<tr>
<td nowrap width="31%">
St George Bank
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.24%
</td>
</tr>
<tr>
<td nowrap width="31%">
Suncorp Bank
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.24%
</td>
</tr>
<tr>
<td nowrap width="31%">
State Custodians
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.09%
</td>
</tr>
<tr>
<td nowrap width="31%">
UBank
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
4.87%
</td>
</tr>
<tr>
<td nowrap width="31%">
Westpac
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.26%
</td>
</tr>
<tr>
<td nowrap width="31%">
Yellow Brick Road
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.15%
</td>
</tr>
<tr>
<td colspan="3" nowrap width="100%">
Lenders that passed
on less than 0.25%
</td>
</tr>
<tr>
<td nowrap width="31%">
Community First
Credit Union
</td>
<td nowrap width="37%">
-0.22%
</td>
<td nowrap width="30%">
6.12%
</td>
</tr>
<tr>
<td nowrap width="31%">
loans.com.au*
</td>
<td nowrap width="37%">
-0.24%
</td>
<td nowrap width="30%">
4.75%
</td>
</tr>
<tr>
<td nowrap width="31%">
Police Bank
</td>
<td nowrap width="37%">
-0.20%
</td>
<td nowrap width="30%">
5.84%
</td>
</tr>
</tbody></table>
</div>
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Source: RateCity.com.au, ranked by biggest cuts then alphabetically, effective dates vary between lenders/ *For new loans.com.au home loan customers
But as highlighted by Bill Evans, the picture is complicated by discount offerings and very low online home loan rate offerings, these often come with high deposit requirements or a minimum home loan size.
Rate cut announcements made by lenders generally mention the new standard variable rate on offer, but most borrowers would receive some sort of discount off this rate if they take out a packaged home loan, borrow a large enough amount or if they qualify for a discounted special.
This may be an introductory rate (sometimes called a honeymoon rate) or a rate for the life-time of the loan (called a discounted home loan rate).
For example, Yellow Brick Road has cut its standard variable rate to 6.15% but is offering a 1.25% discount of the first 12 months of the loan and 86 basis points off the life of the loan after this period.
Credit union CUA passed on the full rate cut, reducing its standard variable rate to 5.6% on May 20 but will also offer a discounted variable rate of 5.17% under its package offering as well as a honeymoon rate of 5.22%.
NAB may have passed on the full rate cut to borrowers to offer a standard variable rate of 6.13% but many borrowers will be on packaged home loan rates with discounts from 50 to 85 basis points.
Some eyebrows though may be raised at NAB’s online offering Ubank, which will offer a discounting refinancing rate of 4.87% when its cheaper online rates kick in on May 17.
Non-bank lender State Custodians has cut its standard variable rate to 5.09%, but will offer its peak performance loan at a very low 4.74%, with a 20% deposit requirement.
A rate cut should rightly spur some borrowers on variable rate loans or those with fixed rate loans (where the term will soon expire) to review their current mortgage and the rate they are paying together with any fees as well as the benefits and perhaps put in a call to their mortgage broker or lending manager.
But certainly you should not rush into a refinancing your home loan until you have a comprehensive understanding of the costs and fees involved, your personal circumstances and long-term objectives and what refinancing will actually mean in terms of paying off your home loan.
Signing up to an eye-catching low rate because the online offer will expire in 10 days is where the expression “only fools rush in” is most apt.
A good starting point is to arm yourself with knowledge.
Download a <a target="_blank" href="http://propertyobserver.com.au/ebooks/free-ebook-12-tips-for-refinancing-your-mortgage">free copy of the Property Observer ebook: 12 tips for refinancing your mortgage</a> and watch the free Property Observer webinars <a target="_blank" href="/news">Refinancing and the interest rates riddle</a> and the <a target="_blank" href="/news">The Do's and Don'ts of Refinancing Your Existing Home Loan - and How to Avoid Unnecessary Hurdles</a>.
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lschlesinger-FZcF9M3vE6

Home loan rates guide: What's now on offer and what you should be considering after the historic RBA cash rate cut

<html><body>
Property developer Eduard Litver and his wife, Adriana, have secured about $16.35 million from the sale of their Darling Point harboufront house.
The Litver's five-bedroom waterfront reserve house comes with swimming pool.
Its been listed on and off since late 2011. Set at the end of the cul-de-sac end, it initially came with overly ambitious $20 million-plus hopes.
The house is at the bottom of a steep site.
It comes with a glass-covered inclinator.
The land was once part of the Babworth Estate.
The property was bought by the Litvers for $5 million in 2008 when it was only partially built.
The house with views across Double Bay comes with 750 square metres internal space.
Title Tattle gathers the three-storey Eastbourne Road house was sold through Steven Chen at McGrath Estate Agents.
Darling Point's highest house sale remains the Sutton's $18.25 million purchase in 2007 from tourism entrprenuer Barry Wain.
The next priciest was back in 2001 when the Davey family bought Craigend for $16 million.
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Property developer Eduard Litver secures $16.35 million in Darling Point

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Funky, cool and unique are perfect adjectives to describe 2 White Street, Windsor.
The property will go to auction this weekend and is featured in this week's Property Tycoon auction tipping competition.
It's the website, <a target="_blank" rel="nofollow" href="https://www.propertytycoon.com.au/">www.propertytycoon.com.au</a>, where punters can guess five auction results in Melbourne and Sydney, with no outlay. It's mostly about testing your market knowledge with a small cash prize as a sweetener.
Listing agents for the property (pictured below) have been run off their feet with inspections, so the $850,000-plus quote may be a bit light.
<img alt="propertytycoonmay10one" height="342" width="470" src="/images/stories/2013/05/propertytycoonmay10one.jpg">


A prestigious property (pictured below) set in park-like gardens at 8 Treatts Road, Lindfield is sure to get bidders up and about on Saturday.
The deceased estate set on almost 2500 square meters is set to sell in excess of $2 million.
<img alt="propertytycoonmay10two" height="345" width="470" src="/images/stories/2013/05/propertytycoonmay10two.jpg">
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marmstrong-sd3emVLPPb

Windsor and Lindfield feature in this week's Property Tycoon auction tipping

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What an extraordinary week it has been with the majority of punters left absolutely gobsmacked following the Reserve Bank of Australia (RBA) decision to cut the cash rate to a 53-year-low. Confusion would be an understatement to say the least given last weekend in Sydney we observed clearance rates climbing to 78.1% (the highest since 2009) and the benchmark S&amp;P/ASX200 breaking through the key 5200 threshold for the first time since 2008. Here is the <a title="Statement by Glenn Stevens, Governor: Monetary Policy Decision." href="https://www.rba.gov.au/media-releases/2013/mr-13-10" target="_blank">Statement by Glenn Stevens, Governor: Monetary Policy Decision.</a>

When the cash rate was at 3.00% this was otherwise known as “emergency” levels so what do you call the cash rate when it drops to the all-time low? As quick as a flash the “World’s Greatest Treasurer” announced “These rates are coming down because the (Labor) government has had a strong fiscal policy over a period of time, which gives the bank scope to make rate cuts.” Not only delusional the man is a complete fool given his very own fiscal policy is in a complete mess.
Two weeks ago, Wayne Swan advised Australia the budget would miss its revenue forecast by $7 billion. Last week, Prime Minister Julia Gillard revised that revenue forecast upwards to $12 billion – then on Tuesday Penny Wong drew the short straw to advise it was now out by a staggering $17 billion. That is definitely not strong fiscal policy but rather an embarrassment. After consultation his dialogue changed to “it is utterly irresponsible to call today’s 25 basis point cut to the official cash rate as a cut to ‘emergency’ levels.” <a title="Westpac tips June rate cut and cash rate to fall to 2% by March 2014 " href="/news" target="_blank">Westpac tips June rate cut and cash rate to fall to 2% by March 2014 </a>should the property markets kick – up another gear the RBA will be faced with a monumental headache.
<a title="Rose Bay secures third highest Sydney Harbour sale at $30 million or higher this year" href="https://www.propertyobserver.com.au/trophy-homes/rose-bay-secures-third-sydney-harbour-sale-at-%2430-million-or-higher-this-year/2013050661063" target="_blank">Rose Bay secures third highest Sydney Harbour sale at $30 million or higher this year</a> – What we are seeing at the top end is offshore money dominating these transactions.
The vast majority were of the opinion that the RBA would leave the cash rate unchanged given a cut would send a very clear message that the Australian economy is presently not in a good place. Despite low inflation numbers and respectable unemployment levels the RBA has sent a clear message that it will use monetary policy to invigorate the Australian economy – only time will tell how low the cash rate will have to go to achieve this outcome.
To put our 2.75% cash rate into perspective – the US is 0.25%, Bank of England 0.5%, Bank of Canada 1.00%, European Central Bank 0.5%, Japan 0.1% and China 6%.
<img alt="simeonmay13one" height="392" width="470" src="/images/stories/2013/05/simeonmay13one.jpg">
Banks rushed to pass on the full official cash rate, which is an absolute first where we can expect some to actually cut lower than the official RBA cash rate. A cash rate at record ‘emergency’ lows combined with banks fighting hard to win new customers – these are fascinating times. A day after the RBA announcement the Australian stock market again broke the key 5200 psychological threshold before finishing short of a fresh 59 – month high as investors flocked to high – yielding shares. In 2011 term deposits were paying 6% where now they are close to 4%. With this bubbles start appearing albeit this time in both categories – property and shares.
<img alt="simeonmay13two" height="319" width="470" src="/images/stories/2013/05/simeonmay13two.jpg">
A slight comeback with house listings this week which is a vast improvement on previous week’s data. Apartments in Mosman are having a slight rally although these results are certainly not being mirrored in Cremorne and Neutral Bay. Once upon a time Mosman and Neutral Bay apartments would be neck and neck when it came to listings – today Neutral Bay is offering less than half what it usually offers.
Source: Australian Property Monitors
<h4>MOSMAN – 2088</h4>
• Number of houses on the market this time 2012 – 111 • Number of houses on the market last week – 76 • Number of houses on the market this week – 83 • Number of apartments on the market this time 2012 – 104 • Number of apartments on the market last week – 75 • Number of apartments on the market this week – 85
<h4>CREMORNE – 2090</h4>
• Number of houses on the market this time 2012 – 14 • Number of houses on the market last week – 11 • Number of houses on the market this week – 17 • Number of apartments on the market this time 2012 – 35 • Number of apartments on the market last week – 19 • Number of apartments on the market this week – 17
<h4>NEUTRAL BAY – 2089</h4>
• Number of houses on the market this time 2012 – 19 • Number of houses on the market last week – 5 • Number of houses on the market this week – 7 • Number of apartments on the market this time 2012 – 66 • Number of apartments on the market last week – 32 • Number of apartments on the market this week – 29
 
Back to the Gillard Government’s failed fiscal policies which is now a train wreck – <a title="Labor abandons promised carbon price tax cuts" href="https://www.smh.com.au/business/federal-budget/labor-abandons-promised-carbon-price-tax-cuts-20130508-2j6ix" target="_blank">Labor abandons promised carbon price tax cuts</a> which was inevitable given at the federal election on September 14 Australian employees will be voting to keep their jobs. <a title="How Gillard cooked the business goose" href="https://spectator01.businessspectator.com.au/article/2013/5/7/economy/how-gillard-cooked-business-goose" target="_blank">How Gillard cooked the business goose</a> which identifies exactly why the RBA has uncharacteristically stepped in to stimulate the Australian economy.
<img alt="simeonmay13three" height="216" width="470" src="/images/stories/2013/05/simeonmay13three.jpg">
Not just governments making woeful decisions – Fairfax Media have decided not to renew Margie Blok’s contract so her finger prints will no longer be seen on Title Deeds. When you lose great property journalists like Jonathan Chancellor now at <a title="Property Observer" href="https://www.propertyobserver.com.au/" target="_blank">Property Observer</a> and Margie your brand diminishes considerably. At the end of the day it is all about readership and given the current diabolical Saturday Domain layouts consumers may well return serve with their very own advertising – cost cutting?
Looking forward to delivering the Fudge–it edition next week. It turns out I will be attending a wedding in Phuket so I will be delivering my Thai budget expose. No doubt it will be hot with plenty of kick.
Robert Simeon is a director of <a title="RWM" href="https://www.rwm.com.au/" rel="nofollow" target="_blank">Richardson  Wrench Mosman and Neutral Bay </a>and has been selling residential real estate in Sydney since 1985. He has also been writing a real estate blog <a title="Virtual Realty News" href="https://www.rwm.com.au/news/" rel="nofollow" target="_blank">Virtual Realty News</a> since 2000 which is republished weekly on Property Observer. The RWM real estate model has sold in excess of $1 billion in database sales globally.
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Margie Blok's SMH Title Deeds departure heralds further Domain brand diminishment: Robert Simeon

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Lynn Malone, director of LynnMalone design, and partner Donna Eiby, CEO of Bid Management International, have sold their Potts Point apartment.
Title Tattle gathers the Orwell Street unit sold for $1,235,000 pre-auction.
It was bought for $675,000 as an incomplete shell in 2008 in the block of seven.
The one-bedroom designer 129 square metre unit has direct lift access to a Carrara marble entry, city views and two terraces.
The kitchen has stone benchtops, three Smeg ovens and warming drawers.
<img alt="pottspointmay10one" height="600" width="400" src="/images/stories/2013/05/pottspointmay10one.jpg">
It comes with Malone's signature fireplace inclusion. 
It was listed through Jason Boon and Geoff Cox of Richardson &amp; Wrench.
<img alt="pottspointmay10two" height="600" width="400" src="/images/stories/2013/05/pottspointmay10two.jpg">
The $1,235,000 sale price apparently did not include the car space in Springfield which sold for about $70,000.
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Stylist Lynn Malone secures tops floor Potts Point sale

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Mortgage demand is picking up, conditions are improving in the housing market and indicators and enquiries suggest demand for new housing is strengthening, the RBA has said in a more upbeat assessment of of the mortgage and property market in its monthly statement on monetary policy.
The statement reveals that low inflation, the high Australian dollar and a weaker economic outlook  - rather than housing market concerns - were behind its decision to cut the cash rate to a historic 53-year-low of 2.75% on Tuesday.
"There are signs of an increasing appetite for borrowing in the household sector, with approvals for housing and personal loans increasing over recent months," says the RBA in its introduction to the lengthy statement.
"This coincides with improved conditions in the housing market. Dwelling prices are around 4% above their low point of mid 2012 and auction clearance rates have also increased to be at, or above, long-run average levels.
"Higher house prices, low borrowing rates and a tight rental market should support a recovery in dwelling investment. 
"Notwithstanding a decline in building approvals for higher-density housing in the March quarter, forward-looking indicators suggest that demand for new housing is gradually strengthening.
"This is also apparent in the Bank’s business liaison, with firms noting that enquiries from prospective purchasers and visits to display homes have increased," says the RBA.
The RBA says forecasts for the domestic economy embody a "gradual shift in growth from investment in the resource sector towards exports, non-mining investment and household demand".
"This rebalancing appears to be beginning, but inevitably there remains considerable uncertainty about exactly how it will unfold."
The RBA makes it clear that low inflation, a weaker economic outlook and the high Australian dollar were the main catalysts for the decision to resume its easing policy in May.
"Over 2012, the Board reduced the cash rate by 125  basis points, bringing it to 3% and borrowing rates close to their previous lows.
"Since then, signs have emerged that the economy has been responding to the low level of interest rates,"
However, it says the exchange rate has been "little changed at a historically high level over the past 18 months, which is unusual given the decline in export prices and interest rates during that time"
"Moreover, the demand for credit has thus far remained relatively subdued.
"Over the earlier part of this year, the Board held the cash rate steady while carefully assessing economic developments and noting that the inflation outlook would afford scope to ease further, should that be necessary to support demand.
"At its May meeting, with inflation a little lower than had been expected, and growth of economic activity likely to remain below trend into next year, the Board judged that a further reduction in the cash rate would help to support sustainable growth in the economy, and would be consistent with achieving the inflation target.
"The Board will adjust the cash rate as appropriate to foster sustainable growth and low inflation," says RBA, suggesting that further rate cuts will be considered.
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RBA notes signs of "increased appetite" for mortgages in improving housing market

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Fresh from announcing its new strategic focus on acquiring prime office assets in the major capital cities, Mirvac has swooped to acquire GE’s seven office property portfolio for $584 million covering 83,500 square metres of office space.
It is being acquired at an initial passing yield of 7.8%.
The portfolio includes two A Grade office towers – the 90 Collins Street office tower at the Paris End of Collins Street with 21,000 square metres of office space, acquired for $170 million and the 28,000 square metre Allendale Square skyscraper in Perth, acquired for $231 million.
Allendale Square is a 32-level building with tenants include ANZ and Minter Ellison, built in 1976 and refurbished in 2002.
The 90 Collins Street tower covers 22 levels and was built in 1988, refurbished in 2011. It stands in between the iconic 101 and 120 Melbourne office towers with tenants including Westpac and VicSuper.
The five other buildings are all in Sydney: 210 and 220 George Street, 37 and 51 Pitt Street and 6-8 Underwood Street, just off George Street..
The acquisitions are being funded via a $400mn equity raising and an offer to Mirvac securityholders.
“The key properties in this portfolio are the five Sydney properties (only 31% of the portfolio) which are located next to, or in immediate proximity to Mirvac’s current office development project at 200 George Street,” notes Goldman Sachs A-REIT analyst Simon Wheatley.
“These properties, within the bounds of George, Pitt, Dalley and Alfred St’s, comprise a re-development opportunity, with 210 and 220 George St set for an initial upgrade, with potential for future site consolidation and redevelopment.
“The three properties on the corner of Pitt and Underwood St present more immediate potential for redevelopment of a 30,000sqm office building. “
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Mirvac kicks off new strategic focus with $584 million CBD office portfolio acquisition

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ANZ has cut its standard variable mortgage rate by 27 basis points, the first time the bank has cut rates by more than the RBA's official cash rate reduction since announcing its independent interest rate review in December 2011.
Westpac, NAB and the Commonwealth Bank have all passed on 25 basis points to borrowers.
Only the Greater Building Society has passed on more than ANZ with its <a href="/news">30 basis point rate cut announced yesterday</a>.
ANZ's standard variable rate will reduce from 6.40% to 6.13% from May 17 (6.23% p.a. comparison rate) and will steal some of NAB's thunder.
NAB has claimed the lowest standard variable rate for the past 46 months, but must now share that title with ANZ.
NAB will reduce its variable rates from May 13.
The Commonwealth Bank will reduce its standard variable rate to 6.15% on May 13 with Westpac the outlier with a standared variable rate of 6.26% from May 20.
The 27 basis point decrease will save ANZ customers about $60 per month or $750 per year for the average home loan of $280,000.
Since announcing it would go it alone on interest rates, ANZ has twice lifted the cash rate independently of the RBA
It increased variable rates by 6 basis points in February last year and by 6 basis points in April.
“This month we reviewed a range of factors including the Reserve Bank’s decision to decrease the official cash rate this week, our competitive position and a recent easing in the cost of our wholesale funds," said ANZ CEO Australia Philip Chronican
“While competition for deposits remains strong, our overall funding cost position hasallowed us to reduce variable mortgage rates by 0.27%pa.
“This decision reflects ANZ’s approach to reviewing retail lending rates each month which includes an assessment of our overall funding costs and I’m pleased our mortgage customers will see a benefit this month,” he said.
ANZ also said that variable rates for small business lending would decrease by 25 basis points.
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