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 Basement parking has been replaced by an expanded podium designed to improve functionality while reducing the tower's overall visual impact.&nbsp;&nbsp;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.

Joel Robinson

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

One of Hervey Bay's best-known waterfront landmarks could undergo its biggest transformation in decades, with plans lodged to redevelop the Hervey Bay Hotel &amp; Resort into a four-tower mixed-use precinct combining apartments, retirement living, a new hotel, wellness facilities, retail and an expanded hospitality offering.

The proposal seeks approval to redevelop the 8,981 sqm site at 249 Esplanade, Pialba, transforming much of the existing 1980s-era hotel and resort into a staged masterplanned precinct while retaining the Hervey Bay Hotel as its centrepiece.

Rather than a conventional apartment project, the proposal has been designed as four distinct towers delivered across four stages, each with a different role within the precinct.

<img alt="First look: Four-tower transformation planned for iconic Hervey Bay Hotel site" data-entity-type="file" data-entity-uuid="89db2163-cdf2-484e-90a0-9804ece86a31" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Pialba%20da%201.png?VersionId=JsYhCwLtFk2p72uhjPQBqQ57.vWoIPeB" />

The largest hospitality component sits within Stage Two, which combines a refurbished tavern, sports bar, gaming lounge, bottle shop, lobby café and wellness facilities beneath a new 52-room hotel and 55 apartments, including 30 dual-key residences. The tower rises 14 levels above the Esplanade and includes gym, spa and wellness facilities together with more than 260 car spaces.

Stage One introduces a retirement living component comprising 69 retirement apartments alongside communal facilities, while Stage Three delivers 59 apartments overlooking the Esplanade. Stage Four includes a retail tenancy at ground level with a further 45 apartments above. Collectively, the masterplan provides 228 apartments across the four towers in addition to the new hotel accommodation.

Urban Planet Town Planning Consultants, acting on behalf of Herbay Pty Ltd, says the redevelopment builds on the long-standing role of the hotel within the Fraser Coast community.

"The Hervey Bay Hotel is an iconic use (notwithstanding the current format) and the retention for this facility in the community as an effective and successful business will advance the goals of the Planning Scheme," the town planner noted in its planning documents.

<img alt="First look: Four-tower transformation planned for iconic Hervey Bay Hotel site" data-entity-type="file" data-entity-uuid="cca3617b-693f-40e2-8fa3-f609c2c95d00" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Pialba%20da%202.png?VersionId=8.hhkMuikoiLvoD6ei655Pj9mTKob4xV" />

The planning report argues the redevelopment responds to demand for greater housing diversity, additional tourism accommodation and expanded hospitality offerings within Hervey Bay's established urban area, rather than continued greenfield expansion.

"The delivery of contemporary services in the form of hotels, dining opportunities and short-term accommodation will be the cornerstone of the proposed development and does have a significant community outcome in the retention and expansion of existing services."

The masterplan has been prepared by <a href="https://www.apartments.com.au/architects/oge-group-architects">OGE Group Architects</a> and features three basement parking levels beneath towers rising to around 14 storeys, creating one of the largest integrated mixed-use developments proposed for the Fraser Coast. The design also incorporates gym and wellness facilities, communal recreation areas, retail space and new landscaped public interfaces across the four street frontages.

The site occupies a prominent waterfront block bounded by the Charlton Esplanade, Thomas Street, Watson Street and George Street, immediately opposite the foreshore and within walking distance of Hervey Bay's city centre, Wetside Water Park and surrounding commercial precinct. The existing Hervey Bay Hotel &amp; Resort currently occupies the site, with buildings dating largely from the 1980s.

First look: Four-tower transformation planned for iconic Hervey Bay Hotel site

The transformation of the Gold Coast’s CBD of <a href="https://www.apartments.com.au/developments/southport-qld-4215">Southport</a> is underway with the official commencement of one of the area’s first ‘next generation’ towers, the $200 million Maris residences.

More than 250 onsite and offsite workers will deliver the project being delivered by Malaysian company <a href="https://www.apartments.com.au/developers/mrcb">MRCB International</a> and its build partner, <a href="https://www.apartments.com.au/builders/binah-constructions">Binah</a>.

The start of construction by Binah follows an exceptionally strong sales campaign, with more than 90 per cent of apartments sold since its market launch less than a year ago.

The project has attracted predominantly local buyers and downsizers, many of whom who live and work in the CBD or the nearby Health and Knowledge precinct.

[smartcode_project:default project_id=134403 project_image_fid=372756]

The commencement of construction was marked by an official sod turning ceremony on site today (Friday, August 7).

MRCB International CEO Ravi Krishnan said MRCB was delighted to be playing a part in the transformation of the Southport precinct.

“We’re very aware of the importance of Southport as the CBD hub of the Gold Coast and the need for high-quality residential facilities for locals who live and work in the area,” said Krishnan.

"Across Southeast Queensland, new apartment supply remains constrained, particularly in established precincts with infrastructure and amenity already in place. Projects like Maris are increasingly critical in meeting that demand, especially on the Gold Coast and in the city's CBD precinct."

&nbsp;

[smartcode_project:default project_id=134403 project_image_fid=350661]

Binah's Managing Director Khalil Hafza said the company was delighted to be constructing Maris in its first foray into the Gold Coast market.

“Binah has been in Queensland for some time but we are very pleased to be given the opportunity to construct a project of such magnitude on the Gold Coast,"&nbsp;Hafza said.

“Some 250 on and off-site tradespeople and consultants will work on Maris over the course of the next two years bringing significant economic benefits to the Gold Coast community.”

Maris will deliver 192 residences across 20 levels. The project forms part of an Australian and New Zealand development pipeline by MRCB now exceeding $1.6 billion in gross development value, alongside a growing portfolio of projects globally.

The company also commenced construction on its $600 million 26 Vista residences in Surfers Paradise last year, following strong sales momentum, with over 70% of residences sold.

[smartcode_project:default project_id=134403 project_image_fid=372760]

Positioned next to the Broadwater in the Southport CBD, Maris will sit directly opposite the Broadwater Parklands light rail station and within easy reach of retail, dining and lifestyle precincts, placing residents at the centre of one of the Gold Coast's most connected and rapidly maturing urban centres.

Maris will offer a full suite of resort-style residential amenities, including a pool, gym and sauna, along with a rooftop level featuring decks, lounges and dining and yoga areas that command sweeping views across the Broadwater and out to the ocean.

Construction at Maris is anticipated to be completed in 2029.

[smartcode_project_cta:default project_id=134403]

MRCB and Binah mark start of construction on $200m Maris Residences in Gold Coast CBD

To say Frank Licastro is keen on Wyandra Street, the small 400m strip that straddles Teneriffe and Newstead, would be an understatement.

Licastro, who runs Frank Developments, first jumped onto the street with <a href="https://www.apartments.com.au/new-apartments/ducale-teneriffe-33-wyandra-street-teneriffe-qld-4005">Ducale Teneriffe</a>, just 26 apartments at 33 Wyandra Street.

With those apartments heading towards construction completion later this year, Frank went again just a few doors down with the recent launch of <a href="https://www.apartments.com.au/new-apartments/murano-teneriffe-37-wyandra-street-new-farm-qld-4005">Murano House</a>, a further collection of 41 apartments at 37 Wyandra Street.

Now Licastro is planning his third building on the strip.

Frank Developments has submitted plans to Brisbane City Council for a considerably larger 147-apartment project across an amalgamated 1,928 sqm site at <a href="https://www.apartments.com.au/new-apartments/22-40-wyandra-street-teneriffe-qld-4005">22-40 Wyandra Street</a>, which also runs through to Wyatt Street.

The Cavill Architects-designed proposal, on the opposite side of the street to Ducale and Munro House, will rise to 22 storeys at its tallest point, stepping down towards Wyandra Street as the building transitions between the higher-density Newstead skyline and the lower-scale character of Teneriffe.

<img alt="Frank" data-entity-type="file" data-entity-uuid="fe60dd88-c9f1-495c-b918-ddfd5dbae504" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-17%20at%207.57.08%E2%80%AFAM.png?VersionId=0cxIChr_1aSNoE3K3VbVl8qNyENf4a90" />

The plans comprise just two one-bedroom apartments, with the project overwhelmingly geared towards larger apartments. There will be 80 two-bedroom apartments, 58 three-bedders, six four-bedroom apartments and a single five-bedroom residence.

The apartment mix continues the owner-occupier focus Frank has pursued across its recent inner-Brisbane developments.

There will be 222 resident car spaces and seven visitor spaces across four basement levels, along with 166 bicycle spaces.

Cavill has approached the architecture as a transition between two very different parts of inner Brisbane.

The site effectively sits on the dividing line between Newstead's high-density mixed-use precinct and Teneriffe's medium-density residential area, something that has heavily influenced the massing of the building.

Rather than presenting as a single 22-storey tower, the building steps up from a 13-storey form towards Wyandra Street to its taller 22-storey element towards Wyatt Street and Newstead. The design documents describe the taller component as the "backdrop massing", with the lower form creating the transition towards Teneriffe.

The architecture itself also changes as it rises.

At the lower levels, Cavill has drawn from Teneriffe's heritage buildings and the tuff stone found below ground, before shifting towards a more contemporary Newstead-inspired tower expression with continuous balconies higher up.

<img alt="Frank 2" data-entity-type="file" data-entity-uuid="3c6953c7-f65c-4ca5-bba0-08c1782b72af" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-17%20at%207.56.33%E2%80%AFAM.png?VersionId=NxHPok5FY.omKhxPVqVWIN9ONqfoQV53" />

Frank is also proposing a significant amount of resident amenity throughout the building rather than concentrating everything on one recreation level.

Amenity terraces are proposed at levels 13 and 16, before another major rooftop terrace at the top of the building. The plans show a pool terrace and landscaped outdoor spaces, with shaded outdoor rooms, tree planting and protected "City Rooms" incorporated into the shared areas.

At street level, the project will also seek to open up the connection between Wyandra and Wyatt streets.

A currently constrained pedestrian laneway along the northern boundary would be expanded, while a double-height "City Room" would be created on Wyandra Street. A separate two-storey outdoor arcade would run through the site from Wyandra Street to Wyatt Street.

The ground floor plans also show food and beverage tenancy space alongside the residential lobby, lounge, office and landscaped public areas.

Cavill says the intention is to create a more generous and heavily landscaped Wyandra Street frontage, with weather protection and public spaces designed to encourage people to spend time at street level.

Frank has been busy across Brisbane and the Gold Coast in recent years, with two ultra-luxury projects under construction in Surfers Paradise, as well as several projects in the pipeline across New Farm and Hamilton in Brisbane.

&nbsp;

First look: Frank Developments triples down on Teneriffe's Wyandra Street

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

<html><body>
Interest rate cuts are starting to have an impact on the household sector with the RBA unlikely to lower the cash rate further over the coming months, says ANZ in its latest Australian Weekly Economic report.
The report, edited by senior economist Riki Polygenis and Katie Dean, head of Australian economics, says the most recent economic data – last week’s <a target="_blank" href="https://www.propertyobserver.com.au/land/building-approvals-up-31-in-february-a-material-improvement-hia/2013040460172?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=news">building approvals</a> figures and <a target="_blank" href="https://www.propertyobserver.com.au/retail/retail-sales-growth-best-since-2001-unless-youre-a-butcher-or-baker-commsec/2013040460169?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=news">retail trade data </a>- support the RBA’s growing confidence that interest-rate sensitive areas of the economy are responding to stimulatory monetary policy settings.
“In particular, improved consumer confidence appears to be translating into stronger consumer spending, with nominal retail sales growth robust in January and February following three consecutive monthly contractions in late 2012,” says ANZ.
ANZ says these ‘greenshoots’ suggest the RBA is a little more confident that it will not have to act on its easing bias over the next couple of months.
“That said, the RBA remains alert to uncertainties surrounding the transition towards non-mining sources of growth against a backdrop of a high Australian dollar, tight fiscal policy and weak credit growth.
“The next possible window for a rate cut is in June/July after the federal budget, but this will depend critically on how the labour market evolves and whether we see a turnaround in key leading indicators of non-mining investment (such as next week’s NAB survey data and the capital expenditure release in late May)," says ANZ.
The report notes a recent client survey, which found that activity in the residential housing market has improved with developers reporting increased levels of sales and inquiries.
“Residential construction activity has also picked-up, with firms in this sector anticipating an improvement in revenue growth over the second half of this year.
“In contrast, weak fundamentals in the commercial property sector (office and retail) continue to constrain investment in this sector. However, sales activity remains robust due to strong interest in prime retail and office assets, particularly from offshore investors.”
Currently the cheapest home loan rate appears to be a one year fixed-rate home loan of 4.69% offered by non-bank lender eMoney, though it does require a hefty 25% deposit. 
Lowest variable rate offerings:
<table width="470" cellpadding="0" cellspacing="0" border="1"><tbody>
<tr>
<td width="134" valign="top">
Provider
</td>
<td width="124" valign="top">
Loan name
</td>
<td width="97" valign="top">
Rate
</td>
<td width="116" valign="top">
Comparison rate*
</td>
</tr>
<tr>
<td width="134" valign="top">
Loans.com.au
</td>
<td width="124" valign="top">
Blackboard special
</td>
<td width="97" valign="top">
4.99%
</td>
<td width="116" valign="top">
5.01%
</td>
</tr>
<tr>
<td width="134" valign="top">
State Custodians
</td>
<td width="124" valign="top">
State Custodians Peak Performance Offset (Refinance Only)
</td>
<td width="97" valign="top">
4.99%
</td>
<td width="116" valign="top">
5.35%
</td>
</tr>
<tr>
<td width="134" valign="top">
UBank
</td>
<td width="124" valign="top">
UHomeloan for refinancing
</td>
<td width="97" valign="top">
5.12%
</td>
<td width="116" valign="top">
5.12%
</td>
</tr>
</tbody></table>
 Lowest one-year fixed-rate offerings
<table width="470" cellpadding="0" cellspacing="0" border="1"><tbody>
<tr>
<td width="137" valign="top">
Provider
</td>
<td width="123" valign="top">
Loan name
</td>
<td width="95" valign="top">
Rate
</td>
<td width="114" valign="top">
Comparison rate*
</td>
</tr>
<tr>
<td width="137" valign="top">
eMoney
</td>
<td width="123" valign="top">
Pro Pack 75
</td>
<td width="95" valign="top">
4.69%
</td>
<td width="114" valign="top">
5.40%
</td>
</tr>
<tr>
<td width="137" valign="top">
Quick Direct
</td>
<td width="123" valign="top">
Package one year fixed
</td>
<td width="95" valign="top">
4.79%
</td>
<td width="114" valign="top">
5.46%
</td>
</tr>
<tr>
<td width="137" valign="top">
UBank
</td>
<td width="123" valign="top">
UHomeLoan for refinance fixed rate one year
</td>
<td width="95" valign="top">
4.83%
</td>
<td width="114" valign="top">
5.03%
</td>
</tr>
</tbody></table>
 
Lowest three-year fixed-rate offerings
<table width="470" cellpadding="0" cellspacing="0" border="1"><tbody>
<tr>
<td width="131" valign="top">
Provider
</td>
<td width="131" valign="top">
Loan name
</td>
<td width="96" valign="top">
Rate
</td>
<td width="111" valign="top">
Comparison rate*
</td>
</tr>
<tr>
<td width="131" valign="top">
ME Bank
</td>
<td width="131" valign="top">
Member Package SMHL Standard Home Loan
</td>
<td width="96" valign="top">
4.99%
</td>
<td width="111" valign="top">
5.49%
</td>
</tr>
<tr>
<td width="131" valign="top">
Teachers Mutual Bank
</td>
<td width="131" valign="top">
Teachers Fixed Option Loan
</td>
<td width="96" valign="top">
4.99%
</td>
<td width="111" valign="top">
5.90%
</td>
</tr>
<tr>
<td width="131" valign="top">
AMP
</td>
<td width="131" valign="top">
Select Package Residential Fixed 3 yrs 100k+
</td>
<td width="96" valign="top">
5.09%
</td>
<td width="111" valign="top">
5.54%
</td>
</tr>
</tbody></table>
*A comparison rate includes both the interest rate and the fees and charges relating to a loan, combined into a single percentage figure.
For information on refinancing, watch our free webinar <a 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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ANZ says rate cuts starting to have a positive impact: a guide to lowest standard and variable mortgage rates

<html><body>Australian Property Monitors (APM) has released a list of results from 168 auctions in Melbourne for the weekend of April 6. <a target="_blank" href="https://www.homepriceguide.com.au/saturday_auction_results/Melbourne.pdf" rel="nofollow" style="font-size: 14px;">Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

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APM's Melbourne auction results for April 6 weekend

<html><body>Australian Property Monitors (APM) has released a list of results from 358 auctions in Sydney for the weekend of April 6. The clearance rate was 68.9%. <a href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" target="_blank">Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

APM's Sydney's 358 auction results show a 68.9% clearance rate

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From July 1, your compulsory superannuation contributions will start to increase. The increase will be gradual, moving from 9% in 2013 to 12% in 2019.
The rise is going to boost Australians’ super accounts over the long term. An increase of 9% to 12% is 33% more into your <a target="_blank" href="https://www.propertyobserver.com.au/trends/australians-are-not-saving-enough-for-retirement-mark-bouris/2013021759365">retirement</a> savings, which is significant.
So this is a time to get serious and ask: am I doing all I can to grow my nest egg for retirement?
The key to this is the compound interest effect. The joy of having your money locked away for several decades and earning interest is that it gets a chance to compound (earning interest on the interest), and along with regular contributions – not to mention a concessional tax rate – your savings are accelerated.
The compound effect works best when every cent is being worked on, so you must concentrate as strongly on costs as you do on revenues.
But if you have a look at your annual super statement you’ll see a list of figures with a minus sign in front of them. These are the withdrawals from your balance, for fees.
The largest fee is the management fee – the percentage of your balance that is taken to administer the funds.
Take two 30-year-olds, each earning $60,000, with $30,000 in super. One of them is paying 0.9% in management fees, and the other 1.5%.
By the time they retire, the person paying 0.9% has paid $77,892 in fees, and the other $118,649.
Management fees are easy to compare online and switching to a more reasonable fund can save you thousands – over $40,000 in the case above.
Other fees also differ across the industry, as do life insurance premiums.
Importantly, when you find cost savings in super, you boost savings without taking market risk.
Returns are also important. I’m not a fan of reviewing super performance every year, because when people change investment options in line with the hottest performers, they always miss the growth period by several months and then they are charged for changing.
It’s better to set up an investment framework based on your risk profile, which relates to what you want to earn in returns.
In terms of fund selection I suggest you look at a fund’s ten-year performance. This is not a guarantee of future performance but it does show you how a manager performs with a long-term savings vehicle like super.
This is especially the case with volatile assets such as shares and property – you should be looking at what a manager can achieve over a decade, because this gives you the time in the market to weather the troughs and still take the gains.
Remember: small differences are important in superannuation and if you can lift long-term returns by 1%, and reduce costs by 1%, you are boosting your super without taking much risk.
Finally, superannuation is not a tax. This is your money, so become engaged, stay informed and retire the right way.
Mark Bouris is executive chairman of <a target="_blank" rel="nofollow" href="https://www.ybr.com.au/">Yellow Brick Road</a>, a financial services company offering home loans, financial planning, accounting and tax, and insurance.
</body></html>

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Stay informed about your super: Mark Bouris

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Lane Cove is proving to be a development hotspot with $388 million worth of construction underway and more than $37 million yet to come.
Located 10 kilometres from the Sydney CBD, <a target="_blank" href="/news">Lane Cove</a> currently has 19 sites in the works, 1601 units under construction and 182 pending areas.
Lane Cove was rezoned in 2010 in preparation for housing a 30% rise in population over the next 25 years.
A major drawcard for the area is the $1.1 billion Lane Cove tunnel, which connects the M2 motorway with the Gore Hill Freeway.
“Before the rezoning it was an undiscovered gem,” director of developer HYECORP Stephen Abolakian told Fairfax Media.
Lane Cove received little development in over 30 years.
It has now been separated into three distinct locations including the village location, which is the area immediately surrounding the Lane Cove Village area – comprising more than 200 shops, services and dining options.
Walsh says Lane Cove has been undervalued for some time and the unique features of the village offer a relaxed and boutique feel.
Property Observer recently <a target="_blank" href="https://www.propertyobserver.com.au/new-south-wales/botanic-lane-cove-one-bedders-priced-from-%24500000/2013031859765">reported on Botanic</a>, a $60 million project located in the village.
The 79-apartment project (pictured below) is a joint venture between White Private, Icon Construction and the Greenbush Group.
{yoogallery src=[images/stories/2013/04/april8lanecove]}
Botanic offers one-, two- and three-bedroom apartments as well as seven penthouses.
 
<hr class="system-pagebreak">
Also located in the village is <a target="_blank" href="https://www.auroralanecove.com.au/design_architecture">Aurora</a>, which offers 56 one-, two- and three-bedroom apartments over five levels.
Located on Finlayson Street, Aurora (pictured below) is designed by Candalepas Architects and developed by MV Projects.
<img height="244" width="470" src="/images/stories/2013/04/lanecoveapril8one.jpg" alt="lanecoveapril8one">
Eddie Mansour of Ray White Lane Cove told Fairfax Media he expects Aurora to do extremely well due to its location in the heart of the village.
The second location is adjacent to Mowbray Road in Lane Cove North and was recently rezoned for higher density apartment living.
Peter Walsh of Greenbush Group says many developers have taken advantage of these changes to the zoning laws and are producing a well-priced product aimed at the investor market.
This location currently has Northwoods, Serene, Eleeza and Acacia under development.
The third location is located off Burns Bay Road in Lane Cove West, and includes projects such as Delve and Emerant Lane.
Delve is a six level complex by JSN Hannah offering 38 single and double-storey apartments.
One-bedroom apartments start from $479,000, two-bedroom apartments start from $619,000 and three-bedroom apartments start from $750,000.
“I find the suburb has multiple personalities, in a good way,” says general manager of JSN Hannah Edward Hannah.
“Bushland and river activities, coupled with some great little restaurants, a quaint shopping village yet only minutes from <a target="_blank" href="/news">Chatswood</a>, Nth Sydney, <a target="_blank" href="/news">Ryde</a> and not too far from <a target="_blank" href="/news">Parramatta</a> and the CBD.”
 
<hr class="system-pagebreak">
<a target="_blank" href="https://emerantlane.com.au/apartments/">Emerant Lane</a> (pictured below) is due for completion mid 2013 and is developed by SAKKARA with designs by dKO Architects.
<img height="302" width="470" src="/images/stories/2013/04/lanecoveapril8two.jpg" alt="lanecoveapril8two">
It will boast 85 one-, two- and three-bedroom apartments.
To date, the development is 94% sold.
Two-bedroom apartments are still available and range in price from $680,000 to $813,000.
<img height="228" width="470" src="/images/stories/2013/04/lanecoveapril8three.jpg" alt="lanecoveapril8three">
Curtis Field from Colliers International says they anticipate the remaining apartments will be sold by completion in July this year.
Walsh says this precinct has been well supported by the investor market due to its good proximity to Lane Cove River.
“The council has been smart about opening up the three distinct locations and therefore not overdeveloping any one of the areas so as to maintain the area's character.”
“This will ensure the future values continue to rise in the future and the suburb does not become overdone,” says Walsh.
The median sale price for a house in Lane Cove is $1,125,000 and the median price for a unit is $522,500 – offering a rental yield of 3.9%.
</body></html>

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Sydney's Lane Cove proves an apartment construction hotspot

<html><body>
Economists have all but ruled out a rate cut on May 7, the next time the RBA board meets to decide on interest rates.
Of the 25 economists surveyed this week by Bloomberg, 22 expect the cash rate to remain unchanged.
Those tipping a rate cut are Citi, Macquarie and BNP Paribas economists.
Of those economists surveyed this week, 15 out of 25 expect no rate cut in June either.
</body></html>

No rate cut in May say economists: Bloomberg

<html><body>
A Lend Lease consortium has been chosen by the Victorian government to build the $630 million new Bendigo Hospital.
The Exemplar Health consortium includes Capella Capital, Siemens and Spotless.
The hospital will be built via a Public Private Partnership (PPP) with Lend Lease investing 50% of the equity alongside Siemens.
The new Bendigo Hospital will feature 372 in-patient beds, 10 operating theatres, an integrated cancer centre, a mental health unit and a helipad in addition to a mix of commercial developments.
The works include a new hospital in addition to some minor refurbishment of heritage buildings.
“We are excited to be part of the winning consortium and are looking forward to working with the Government to achieve the best result for the community in Bendigo,” said Lend Lease group chief executive officer and managing director, Steve McCann
Commencement of site works is expected to begin shortly after May 2013.
</body></html>

Lend Lease consortium to build Bendigo Hospital 

<html><body>
Mirvac finance director Greg Dyer has resigned.
He has only been in the role for eight months and was appointed prior to<a target="_blank" href="https://www.propertyobserver.com.au/industry-news/incoming-mirvac-ceo-susan-lloyd-hurwitz-to-start-in-november-as-board-backs-chairman-james-mackenzie/2012091156515"> Susan Lloyd-Hurwitz</a> taking over as CEO and managing director from Nick Collishaw in November.
In a statement Mirvac said he would remain to assist in transitional arrangements until September 2013.
He will step down from the board immediately.
</body></html>

Mirvac finance director Greg Dyer resigns

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As a property developer, one of the most valuable relationships you will have is with your builder.
There are several developers that Property Bloom works with, but we have a very strong relationship with our main builder and through this we find our work gets priority.
I have a negotiated discount structure in place for my clients and we often receive information on new <a target="_blank" href="?option=com_googlesearch_cse&amp;q=land%20releases">land releases</a> via our builder before land is registered. This lets us reserve the best dual occupancy or medium density sites.
Communication 
It’s very important you have open communication with your builder.
Establish a good relationship with the site manager, who you will work very closely with.
Ensure you know what stage the building works are at and meet the site manager on site regularly to check progress.
The site manager should alert you to any issues that may arise during the building works, particularly those that may add costs.
If this happens, work out a strategy to keep building works moving forward as there is nothing more frustrating than having to stop building works whilst you sort out an issue.
 
Different stages of construction
This will come with experience but it will help if you know what comes next as the building works progress.
Generally there are five major stages of <a target="_blank" href="?option=com_googlesearch_cse&amp;q=land%20releases">construction</a> and once each stage is completed, the builder will issue an invoice for payment.
You will pass this to your bank and sometimes they will send a valuer to check each stage before paying, but in most cases they will wait for the final invoice and send their valuer to check the building works have been completed before they release the final payment to the builder.
1. Slabs laid
2. Frame and trusses
3. Roof and brickwork
4. Internal linings and timber mould out
5. Final and practical completion
Once the final payment is received by the builder, there will also be a handover, which involves the keys and warranties and other important documentation being given to you.
It’s important for you to understand what happens within each of these stages.
It’s no good deciding you want to change the position of the shower or bath if the plumber has already done his rough-in.
A rough-in is installation of the drain, waste, vent, and supply lines to proposed locations of each fixture.
Also, if you are handling any items directly, such as the installation of air conditioning, you may want to have the pipes positioned in the walls or roughed-in before the internal linings stage (which is when insulation and plasterboard is installed) as this will give a better finish.
 
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Completion and occupation certificates  
Earlier on in your project you should have sourced quotes for the finishing touches such as fencing and landscaping.
Whilst I always have the builder include this in their tender, often we can save money for our clients by bringing in our own contractors.
If you do this, keep close track of time so that you can have these works finished to coincide with the handover and the final inspection by the private certifier or council.
There is nothing worse than having to hold up the occupation certificates, waiting for the landscaper or fencer to finish their job.
Some builders may not allow outside contractors on site until after the handover. If this is the case, have your contractors primed to avoid hold-ups.
Once all building works are completed to plan, you can apply for the occupation certificates. But well before this, you should show agents through so they can provide rental or sale appraisals.
Whatever you decide to do, you want to engage an agent as early as possible so they can start marketing and find tenants or buyers quickly.
It is at this stage, too, that you should order your depreciation schedules, which will ensure you maximise your tax return.
Simply pass on the schedules to your accountant when preparing for your tax return.
New buildings will maximise depreciation benefits and any professional consultant fees – such as a property development project manager like Property Bloom or architect fees – can be taken up in the depreciation of your development and are claimable as a capital works allowance (division 43).
Our relationship with our builder means that Property Bloom projects get completed as quickly as possible and that we are all working together to achieve the same result: high quality yet cost-effective property developments.
Jo Chivers is director of <a title="Property Bloom" href="https://www.propertybloom.com.au/" target="_blank" rel="nofollow" style="font-size: 14px;">Property Bloom</a>, which manages property development.
 
 
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jochivers-wq5Bp59R5a

It's important to have a strong relationship with your builder: Jo Chivers

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ING Direct’s much-touted position as Australia’s fifth biggest lender behind the four major banks and their subsidiary brands could come under threat from a surging Macquarie Bank eager to pick up a greater share of the mortgage market.
While <a target="_blank" href="companies/macquarie-bank">Macquarie Bank</a> has more than doubled its home lending arm in the space of a year, albeit from a low base of less than $2.8 billion to in excess of $6 billion, ING Direct’s $37 billion mortgage book has hardly expanded in the past year, APRA banking figures show.
APRA figures show an ING Direct loan book of $37.5 billion as of February 2013 compared with a $37.2 billion loan book 12 months ago.
Macquarie also has a securitised mortgage portfolio of $5.9 billion (ING Direct has no wholesale lending arm) which it using to help fund mortgage lending in Mark Bouris’ fast growing Yellow Brick Road franchise business of around 150 offices, in which it also has an 8.3% holding.
Macquarie Bank, a subsidiary of investment banking giant the Macquarie Group, quit the mortgage market in the wake of the <a target="_blank" href="?option=com_googlesearch_cse&amp;q=Macquarie%20Bank">GFC</a>. Prior to the crisis it was predominantly a wholesale mortgage lender, providing funding for the likes of Virgin Money, via its PUMA securitisation program.
While Macquarie clearly has some way to go before it has a loan book to rival that of ING Direct it has a bigger source of retail deposits to lend against - $35.6 billion compared with ING Direct’s $31.7 billion and a stronger domestic balance sheet with local assets totalling $59.6 billion compared with ING Direct’s $49.2 billion.
Macquarie is not hiding its aspirations in the mortgage space.
As part of its annual operational briefing in February, Macquarie Group CEO Nicholas Moore noted the group’s expanding $11.1 billion mortgage portfolio and that “originations are expected to continue to grow significantly in the 2013 calendar year”.
<a href="/news">Macquarie Bank’s deal to fund Yellow Brick Road</a> was highlighted by Business Spectator’s Robert Gottliebsen earlier this year, who wrote that a mortgage and deposit war could erupt on the back of the cheap funding available to the Yellow Brick Road franchise network.
Tale of the tape – Feb 2013
<table style="width: 470px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td width="253" valign="top">
Macquarie
</td>
<td width="274" valign="top">
ING Direct
 
</td>
</tr>
<tr>
<td width="253" valign="top">
Loans to owner occupiers $3.4 billion
Loans to investors $2.86 billion
Securitised loans: $5.9 billion
Total deposits $35.6 billion
Total resident assets $59.6 billion
 
</td>
<td width="274" valign="top">
Loans to owner occupiers $27.8 billion
Loans to investors $9.7 billion
Securitised loans: $0 billion
Total deposits $31.7 billion
Total resident assets $49.2 billion
</td>
</tr>
</tbody></table>
Source: APRA
 
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There are other obvious indications that Macquarie Bank is ramping up its mortgage lending.
The Australian Financial Review reported this week that Macquarie Bank had almost doubled the number of business development managers (BDMs) from 13 to 21 who work with its mortgage broker distribution channel – not far below the average of 25 to 35 BDMs employed by the major banks.
Nearly all of Macquarie Bank’s mortgage lending is done through the mortgage broking channel.
In addition The AFR reports that Macquarie upped its commission to mortgage brokers last year.
Combine this with its competitive mortgage offerings and the bank has soared up the top lending charts of Australia’s biggest mortgage broking franchise, Mortgage Choice, accounting for 3.9% of home loans sold by Mortgage Choice in March, up from 2.5% in February.
Macquarie is now Mortgage Choice’s 8th biggest lender with CEO Michael Russell telling the AFR it has an “insatiable” appetite to expand home loans.
ING Direct reported a net profit after tax of $276.9 million for the 2012 calendar, down 9% from last year.
In June last year, Lisa Claes, executive director of direct business at ING Direct, told Property Observer the bank was not driven by market share targets, “but by a sustainable growth proposition”.
“We want to grow our mortgage book responsibly – we are happy with where we are, but we are not complacent,” she said.
ING Direct’s offers variable home loans starting from 5.66% (for loans greater than $250,000) and a three-year fixed home loan at 5.19%.
Macquarie Bank offers variable home loans starting from 5.44% (this includes a 1.01% discount off the standard variable) and a three-year fixed home loan at 5.39%.
 
 
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