High-profile apartment defect cases have changed the way many NSW buyers approach purchasing, putting greater scrutiny on building quality, strata records and the parties behind a development before a contract is signed.

The industry buyers are assessing today, however, is also different from the one in which cases such as Opal Tower and Mascot Towers emerged.

NSW has introduced a series of regulatory measures aimed at strengthening oversight of apartment construction, including Building Commission NSW, the Residential Apartment Buildings Act 2020 and the Strata Building Bond and Inspections Scheme. Under the latter, developers are required to lodge a bond, with independent inspections forming part of the process for identifying defects in new strata developments.

Those changes provide another layer of protection, but they haven't removed the importance of buyer due diligence.

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For purchasers considering an apartment, that means looking beyond the residence itself. Building and strata history, strata reports, the track record of the builder and developer, the condition of common property and any known or planned expenditure by the owners corporation can all form part of assessing a building before purchase.

Whether the development is already complete can also materially change what can be assessed.

An off-the-plan purchaser is necessarily buying before the finished product exists. A completed apartment, by comparison, can be walked through before contracts are signed, allowing the purchaser to see the finishes, common areas and broader building as they have actually been delivered rather than relying solely on plans and renders.

It also removes exposure to some of the uncertainties that exist between an off-the-plan purchase and completion, including construction delays, cost pressures and builder insolvency during the delivery period.

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<a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a> National Sales Director Ben Hamblett said that greater focus on tangible evidence is increasingly evident among apartment purchasers.

“The biggest shift we're seeing is buyers wanting proof, not promises,” Hamblett said.

“That's exactly why we deal in completed stock - you can inspect the building before you commit - and why we've backed every purchase with a cash bond against special levies.”

At <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> in Parramatta, that emphasis on a completed, inspectable product is already in place.

The 413-apartment, 46-level tower at 12 Phillip Street is being marketed by Projects by Equitifund, allowing prospective purchasers to inspect the residences, common areas and resident facilities before committing.

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The Lennox also introduces another layer to the due-diligence conversation through Strata Surety.

The vendor-funded arrangement provides purchasers with a cash-backed bond held in their own solicitor's trust account from settlement. According to Equitifund, the bond covers any special levy raised during the applicable cover period and is provided at no cost to the purchaser.

Special levies can create an unexpected cost for apartment owners where an owners corporation needs funding beyond its existing strata contributions. Under NSW strata law, a special levy requires approval by owners at a general meeting.

Equitifund Executive Chairman Greg Huxley said Strata Surety was designed to provide something more concrete than reassurance about that potential exposure.

“Buyers have every right to ask hard questions about strata risk - the industry has given them plenty of reasons to,” Huxley said.

“Our answer isn't a reassurance, it's a bond. Strata Surety puts real money behind that confidence, held by the buyer's own solicitor, not by us.”

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For The Lennox, its completed status also means purchasers can assess not only the apartment itself, but a building that has already been occupied and operating for several years.

Completed in 2021, the $300 million development, designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, comprises one, two, three and four-bedroom apartments, with open-plan living areas extending to private balconies. Interiors incorporate engineered timber flooring, stone benchtops and integrated appliances, while many upper-level residences have views across the river and surrounding district.

Its established amenity can similarly be inspected in operation. Resident facilities include the Watermark precinct with a 20-metre pool, outdoor terrace, barbecue areas, gym, fitness studio and conference room, while ground-floor retail addresses the river walk and surrounding public space.

The Lennox is also home to the Southern Hemisphere's first fully robotic residential car park, which has now operated for several years. Its nine-level basement combines three conventional parking levels with six automated levels, accommodating 327 vehicles using technology from German firm Lödige Industries.

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The riverfront address puts The Lennox close to much of central <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a>'s existing infrastructure, including Parramatta Station, Westfield Parramatta, Parramatta Park, and the Church Street dining precinct.

The remaining apartments form part of a limited release secured by Equitifund, following the sale of the majority of residences before and shortly after completion.

The regulatory environment around NSW apartment construction has changed considerably since the defect cases that reshaped public discussion around the sector. For purchasers, however, regulation is only one part of the equation. The ability to investigate a building's history, review its strata position and, where possible, inspect what has actually been delivered remains central to making an informed apartment purchase.

At The Lennox, its completed status provides that opportunity before contracts are signed, while Strata Surety adds a financial backstop against special levies beyond the protections already provided under NSW strata law.

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Joel Robinson

Buying with confidence: What NSW apartment buyers should check beyond the defect headlines

Too often, heritage buildings become the podium for a contemporary tower. At <a href="https://www.apartments.com.au/new-apartments/623-collins-607-623-collins-street-melbourne-vic-3000">623 Collins</a>, <a>Sterling Global</a> challenged its design team to reverse that process.

The brief to <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> was deliberately simple: "Don't design around the heritage. Design from it." It became the philosophy behind a project that draws inspiration not only from two landmark heritage buildings, but from Collins Street itself, a street layered with architectural history and civic significance.

That philosophy has shaped one of <a href="https://www.apartments.com.au/developments/melbourne-vic-3000">Melbourne</a> CBD's most considered residential projects, where the 1924 State Savings Bank and neighbouring Batman's Hill Hotel have become the architectural foundation for 623 Collins rather than remnants preserved beneath a new development.

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Rather than approaching the site as a blank canvas, <a href="https://www.apartments.com.au/developers/sterling-global">Sterling Global</a> saw the existing buildings as the beginning of the story.

"Sites like this rarely become available," the developer said.

"623 Collins wasn't simply an opportunity to develop a prominent CBD site. It was an opportunity to restore and reimagine one of Melbourne's important heritage landmarks while contributing to the continued evolution of Collins Street. For us, the existing buildings weren't constraints. They were the beginning of the story."

Instead of mimicking the ornate heritage architecture, Plus Studio studied the proportions, rhythm and craftsmanship of the original buildings before translating those characteristics into a contemporary 42-storey tower.

[smartcode_project:default project_id=145324 project_image_fid=372748]

"The brief challenged us to create a contemporary landmark that respected Melbourne's architectural history without becoming nostalgic," Plus Studio said.

"Rather than mimicking heritage, we sought to understand its proportions, rhythm and material language before translating those qualities into a distinctly contemporary architectural expression."

The practice says the State Savings Bank and Batman's Hill Hotel became the project's primary source of inspiration, allowing the heritage buildings and contemporary architecture to exist "in conversation rather than contrast." Generous planted terraces further soften the transition between old and new, creating elevated green spaces while reinforcing the dialogue between the restored podium and the contemporary tower.

That dialogue continues throughout the interiors, where Melbourne designer Fiona Lynch developed a material palette inspired by the idea of alchemy, balancing contrasting materials that reference both the Neo-Grec detailing of the original bank and contemporary urban living. The result is a series of spaces that feel timeless rather than trend-driven.

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The project will deliver 316 residences across four collections, Heirloom, Signature, Reserve and the Penthouse Collection, with each responding differently to its position within the building, from the restored heritage podium through to the upper levels of the tower. The Heirloom Residences retain defining heritage elements including original heritage windows, generous proportions and high ceilings, while the tower introduces contemporary homes with expansive layouts and elevated views.

Amenities have likewise been designed to support long-term city living rather than short-stay convenience. Residents will have access to concierge services, wellness facilities including a pool, cold plunge, sauna, steam room and gym, alongside private lounges, entertaining spaces and dedicated resident clubs.

Sterling Global says that approach is resonating with buyers seeking permanence rather than novelty.

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According to the sales team, purchasers are looking for enduring architecture, generous floorplans, heritage character and long-term value, with many commenting that 623 Collins "doesn't feel like another apartment development" because of the way the architecture has been curated around the site's history.

Situated on the prominent corner of Collins and Spencer streets, the project occupies one of Melbourne's most recognisable gateway sites, marking the western entrance to the city's best-known street. For Sterling Global, it also reflects a broader shift in city-making.

"Rather than maximising development yield, the project embraces adaptive reuse as a design philosophy, allowing heritage to inform architecture, interiors and the overall resident experience," the developer said.

"The result is a building that feels uniquely connected to Melbourne."

[smartcode_project_cta:default project_id=145324]

How Sterling Global designed 623 Collins from Melbourne's history

Avant Townhomes is adding to Ivanhoe’s family-sized housing options with <a href="https://www.apartments.com.au/new-townhouses/three-82-ivanhoe-382-upper-heidelberg-road-ivanhoe-vic-3079">Three 82</a>, a collection of just 16 four-bedroom townhomes on Upper Heidelberg Road.

The <a href="https://www.apartments.com.au/developers/intrapac-property">Intrapac Property</a> townhome division has taken a contemporary approach to the traditional family home, pairing larger floorplans with the lower-maintenance format of a townhouse.

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Designed by <a href="https://www.apartments.com.au/architects/arcadia-studio">Arcadia</a>, with landscaping by Landsite, the homes feature generous open-plan living and dining areas that connect directly to outdoor spaces, with layouts also designed to maximise natural light and privacy.

Natural stone is used throughout the interiors, including in kitchens that pair stone surfaces with bespoke cabinetry, considered storage and SMEG appliances.

The four-bedroom layouts include built-in wardrobes and a main bedroom with its own ensuite, while family bathrooms service the additional bedrooms. Each home also includes a lock-up double garage and intercom entry.

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Energy efficiency has been incorporated into the design through solar panels, double glazing and reverse-cycle heating and cooling, with the homes targeting 7-star energy ratings.

Rather than incorporating extensive communal facilities, Three 82 has been conceived around private residential amenity, with the 16-home scale keeping the focus on individual homes and their own indoor and outdoor spaces.

The development is located at 382 Upper Heidelberg Road, around one kilometre from Ivanhoe Village's cafés and retail and a short drive from Eaglemont Station and Ivanhoe Station.

[smartcode_project:default project_id=152069 project_image_fid=374393]

Several of Ivanhoe's established schools are also nearby, including Ivanhoe Girls' Grammar and Ivanhoe Grammar School. The address also provides access to the suburb's parklands and the wider Yarra River corridor.

<a href="https://www.apartments.com.au/project-marketer/nelson-alexander">Nelson Alexander</a> has been appointed to handle sales.

Construction is underway and progressing well, with Three 82 currently tracking toward completion in Q2 2027.

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Three 82 brings boutique four-bedroom townhome collection to Ivanhoe

Builder-developer&nbsp;<a href="https://www.apartments.com.au/developers/graya">Graya</a> has secured a prime Newstead site from fellow developer Fraser, subsequently lodging plans for The Silo, a major mixed-use residential project in Newstead designed around a new public laneway linking the James Street precinct with the wider Gasworks and Newstead neighbourhood.

Proposed for the corner of Chester and Morse streets, the <a href="https://www.apartments.com.au/architects/bureauproberts">Bureau^Proberts</a>-designed project places its strongest emphasis at ground level, where retail, landscaping and a new cobblestone pedestrian connection would open the site to the surrounding neighbourhood. The design team describes The Silo as “more than a residential building”, positioning the development as an extension of Newstead’s public realm rather than a standalone apartment tower.

“A new cobblestone laneway and landscaped connection between James Street and Gasworks unlock a missing pedestrian link, improving walkability and stitching together two of Brisbane’s significant urban destinations,” Bureau Proberts said in its Urban Design Report.

<img alt="First look: Graya plans The Silo as new pedestrian link between James Street and Gasworks" data-entity-type="file" data-entity-uuid="0ea1b06a-75f5-40a5-b2c5-33c97bc86052" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/silo%20bldg.png?VersionId=KmjsAtNePu57_B31EM_DJ5T6KPJHtcmo" />

The Silo is planned as a mixed-use development incorporating apartments alongside a bar and centre activities including food and drink outlets, indoor sport and recreation, office and retail uses.

Architecturally, Bureau Proberts has conceived the building as a collection of vertically expressed, stepping forms rather than a single uniform tower. The composition rises from an articulated podium before being broken by a triple-height landscaped recreation level, with the upper section becoming more compact before terminating in a landscaped rooftop garden.

The project's name and architectural language draw directly from Newstead's industrial history. Patterned off-form concrete is proposed as the principal façade material, complemented by slender metal rod balustrades and extensive planting. The cylindrical and vertically ribbed elements give the building its silo-like expression, while curved balconies and planted edges introduce a softer subtropical layer.

“The Silo reinterprets its robust forms, scale and materiality through a contemporary subtropical architectural expression, creating a building that acknowledges its industrial legacy, while responding to the way the precinct is occupied today,” Bureau^Proberts said.

The recreation level is one of the defining breaks in the tower. Plans include a lap pool, mature subtropical planting and shared resident facilities within an elevated communal garden. Landscaping continues through the podium and onto the rooftop, where a further garden forms what the architects describe as a “subtropical crown” to the building.

<img alt="First look: Graya plans The Silo as new pedestrian link between James Street and Gasworks" data-entity-type="file" data-entity-uuid="f8451036-35a4-49a9-8d88-2ef4438eba3d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Silo%20Lane.png?VersionId=h8N31_rYmCEqoNrpt4kbYVQhJGZn60LH" />

At street level, the development has been designed to establish a more permeable block. Retail and hospitality tenancies address the public realm, while landscaped pedestrian spaces lead into the new laneway connection. Renders in the design report show the proposed “Silo Lane” as a substantial opening through the podium, framed by cylindrical concrete forms with cascading planting above.

The Silo continues Graya's move into larger apartment developments after building its reputation across high-end residential projects in Brisbane and the Gold Coast.

Graya buys Frasers Newstead site, plans The Silo between James Street and Gasworks precincts

<a href="https://www.apartments.com.au/developers/wickton">Wickton</a>’s completed Linacre Rise development in Hampton is giving Bayside downsizers the opportunity to move into a spacious apartment near the beach, with the developer covering stamp duty for a limited time.

The 27-residence development has been designed for buyers who want to simplify their living arrangements without giving up the space, warmth and quality associated with a long-term family home. Most apartments have already been secured by Bayside locals, leaving a select collection of two and three-bedroom residences and penthouses available.

Two-bedroom apartments are priced from $1.275 million, three-bedroom residences from $2.25 million and penthouses from $3.375 million, with the completed homes available to inspect and move into now.

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<a href="https://www.apartments.com.au/buildings/linacre-rise-hampton-8-10-linacre-road-hampton-vic-3188">Linacre Rise</a> occupies an elevated position on one of <a href="https://www.apartments.com.au/developments/hampton-vic-3188">Hampton</a>’s quiet, tree-lined streets, around 250 metres from the bay and 500 metres from Hampton’s village centre. Its setting gives residents access to the beach, local cafés, shops and Hampton Train Station while retaining the feel of an established residential neighbourhood.

Architecture and interiors by <a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a> draw on the warmth and permanence of traditional brickwork, with the building integrated into terraced landscaping by <a href="https://www.apartments.com.au/landscape-architect/john-patrick-landscape-architects">John Patrick</a>. Ground-floor apartments are elevated above the street and include private garden courtyards, while several upper-level residences have generous balconies and outlooks toward the bay.

Inside, the residences favour natural materials and generous proportions. Herringbone-pattern European oak flooring, natural stone benchtops, premium joinery and Swiss V-ZUG appliances are among the key inclusions, while integrated storage has been incorporated across kitchens, bathrooms, studies and living areas.

The kitchens have been planned as practical spaces for both everyday use and entertaining, with substantial island benches, detailed cabinetry and adjoining dining and living zones. Full-height wardrobes, plush bedroom carpeting and carefully considered lighting reinforce the residential character Wickton sought to retain for buyers moving from larger homes.

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A Linacre Rise purchaser said the completed apartment had delivered the space, outlook and construction quality they had been seeking.

“The unit is very light, has views to die for over the bay, all construction materials and fittings are premium quality, we have secure parking for three cars, EV charging at very competitive rates, the neighbours are friendly and there is just a lovely ambiance about the place,” the purchaser said.

Environmental features include solar panels, shared electric vehicle charging stations, rainwater harvesting for toilet flushing and landscape irrigation, double-glazed windows and water-efficient fixtures and appliances.

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The development was built by Balmain &amp; Co, with Wickton managing the broader development process through its in-house team.

For downsizers, the project’s completed status removes much of the uncertainty associated with buying off the plan. Purchasers can inspect the finished apartments, understand their outlook and proportions, and move in without waiting for construction to conclude.

The remaining selection includes north-oriented balconies, corner configurations and penthouses with elevated bay views. The developer-paid stamp duty initiative is available for a limited time, with potential savings of up to $200,000 depending on the residence purchased.

[smartcode_project_cta:default project_id=95289]

Limited-time stamp duty offer at completed Linacre Rise apartments in Hampton

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>Australian Property Monitors (APM) has released a list of results from 363  auctions in Sydney for the weekend of October 27. The clearance rate was 67.9%. <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>

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APM's 363 Sydney auction results show 67.9% clearance rate

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Foreign investment in commercial real estate has increased significantly, according to the latest foreign investment report by Colliers.
Foreign investors accounted for 67% of all commercial property transactions in Australia in the third quarter of 2012, compared with just 30% in the same quarter the year before.
Canada contributed more than half of the $1.88 billion of foreign sales in the quarter with a single transaction – the Canada Pension Plan Investment Board invested $1 billion into Sydney’s Barangaroo development.
Another big player in the quarter was also a pension fund – the Korean-based National Pension Service signed a $360 million joint venture partnership with DEXUS, which will co-invest in a number of industrial properties at Greystanes in NSW and Laverton North and Altona in Victoria.
The $1.88 billion of foreign investment was spread over 32 assets and bought the total amount of foreign commercial property transactions to $6.3 billion for 2012 so far.
Colliers found the largest direct transaction during the third quarter was the $105.1 million sale of the 29-storey B-grade office building at 6-10 O’Connell Street in Sydney. It was bought by the Singapore-based investment firm MGPA, its first foray into the Australian property market.
Office purchases made up 78% of foreign investment in commercial property during the third quarter. Foreign investors spent $1.5 billion on offices over 12 sales – the Baranagaroo deal as well as an additional $470 million of sales, which include the $66 million purchase of 100 Brookes Street in Fortitude Valley by the US-based Hines Global REIT.
After the office market, foreign investors were most active in the industrial sector. Foreign investors, primarily from Asia, spent $180 million over 13 industrial sales, mostly into Victoria.
This was followed by the hotel sector, where offshore buyers spent $152 million across three assets – the Palazzo Versace Gold Coast, the Rendezvous Grand in Melbourne and the Hotel Enterprize in Melbourne. These were by Singaporean and Chinese buyers.
And the fourth biggest sector was in retail where foreign buyers, primarily from Europe spent $85 million over four retail purchases, including Pittwater Place at 10 Park Street, Mona Vale, which was bought for $56.6 million by German investment firm RREEF.
Foreign investment was led by pension funds and investment managers, accounting for 63% and 13% of foreign investment during that period. A number of REITs were also active in the market accounting for 12% of investments, the largest being K-REIT’s funding arrangement with Mirvac while Hines Global REIT also continued to acquire assets.
The report found offshore private investors have increased their level of activity in Australian commercial property with $103 million worth of investment, making up 5% of offshore inflows during the period.
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Foreign investment in Australian commercial real estate up significantly: Colliers 

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The announcement of the September quarter Consumer Price Index brought with it a small wave of hope that official interest rates could now be cut by the Reserve Bank on Melbourne Cup Day.
The reason? Wednesday’s CPI came in at 2% for the year, which means the underlying inflation figure should still be at the "low" end of the 2 to 3% inflation target that the RBA operates to, and there is room to cut the cash rate before Christmas.
I’ve been looking at the numbers and talking with economists since the CPI announcement, and we can not assume the Reserve Bank will rush to reduce interest rates.
I’m happy to be proved wrong, however on the balance of probability I now believe the Reserve board is likely to leave interest rates where they are and wait for the December quarter CPI figures, which means the next rate movement would be in February 2013.
Here is my thinking.
The annual CPI of 2% represented a jump from the June quarter’s 1.2%. So, inflation is rising. In the breakdown of the September CPI, electricity rose 15.3%, and ‘gas and other household fuels’ rose 14.2%.
These are extraordinary rises, and I believe the RBA will want at least two quarters of price data on power and gas before deciding where they fit into underlying inflation.
Secondly, we can see rises in cost of living basics such as vegetables (up by more than 10%), housing (4.7%), education (6.1%) and health prices, which increased 7.2% in the year to September. These are direct household cost of living pressures, and the RBA will want to ensure its next move is the right one.
There’s another reason why I think the Reserve will hold interest rates over the holidays and wait for the December CPI: economists themselves have already backed away from predicting a November rate cut. Prior to the CPI announcement, 80% of polled economists predicted a Melbourne Cup Day rate cut. Now it’s 60%.
I know that debt-laden Australians who bought property before the GFC want every rate cut they can get. However, rather than living in hope, it’s better to understand the role of the Reserve Bank: it’s an independent agency charged with issuance of currency, the operation of the financial system, the integrity of the "payments" system and oversight of gold and foreign exchange reserves.
Its broader mission concerns prices, employment and general economic prosperity, which it does by setting the cash rate to meet a medium-term inflation target.”
It is setting the cost of money in order to keep Australia’s inflation rate inside the optimal target range of 2-3%.
I believe the Reserve wants a proper view of where some of the cost of living pressures are going, and it will wait until January 23 when the December CPI is released. It could be the most important number we read about in the next 12 months.
Mark Bouris is executive chairman of <a href="https://www.ybr.com.au/" rel="nofollow" target="_blank">Yellow Brick Road</a>, a financial services company offering home loans, financial planning, accounting and tax, and insurance.
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Next RBA rate movement likely to be February: Mark Bouris

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Without a shadow of a doubt (in my opinion) the best critique of the Australian economy is the Business Spectator <a target="_blank" href="https://www.businessspectator.com.au/bs.nsf/full-coverage?openview&amp;restricttocategory=ceo+pulse" title="CEO pulse">CEO pulse</a>, where on a quarterly basis Australia’s leading chief executives deliver their (not sugar -oated) thoughts on just exactly how they see the Australian economy. CEOs on the Australian Economy:
<ul>
<li>CEO(s) remain far more optimistic about the prospects for their own organisation than they are about the Australian economy. Optimism about prospects for the Australian economy and their own organisations in the next 12 months have decreased slightly compared with quarter two this year and quarter three last year.</li>
<li>Expectations around employment, capital investment, profit, sales and operating expenditure in the next 12 months are down slightly from last quarter. The proportion of CEOs expecting increased profit over the next 12 months is down significantly to 49% from 64% last quarter.</li>
<li>CEO scorecard for the government’s performance in managing the economy is steady at 2.9 out of 10. While the longer-term trend is downwards, it is not significantly different from the score given at the same time last year.</li>
</ul>
Look at this how you want, however when a government can’t even reach a score of three out of 10 the resonating message is pretty clear. In February 2010, the scorecard peaked at 5.4 out of 10, and this has continued in a downward spiral reaching 2.6 out of 10 in September 2011.
Quote of the Week would have to go to Peter Costello, “Never in budget has history so little been promised so many times.” <a target="_blank" href="https://www.smh.com.au/opinion/politics/on-its-own-measures-labor-falls-well-short-20121023-283af" title="On its own measure Labor falls well short">On its own measure Labor falls well short</a>, an interesting assessment from a previous treasurer, who delivered 12 budgets. <a target="_blank" href="https://afr.com/p/national/swan_grip_on_surplus_gets_slippery_DtZ0lTolFYAQfrBR9Wh2SP" title="Swan’s grip on surplus gets slippery">Swan’s grip on surplus gets slippery</a>, which is exactly what we alluded to a few weeks ago when we suggested <a target="_blank" href="https://www.businessspectator.com.au/bs.nsf/Article/Australia-budget-surplus-government-MYEFO-pd20121024-ZCTTM?OpenDocument&amp;src=sph&amp;src=rot" title="prepare for an early election">prepare for an early election</a>. Not surprising then are this week’s revelations that Wayne Swan and Julia Gillard’s MRRT has thus far posted a zero return. Obviously, the "big three" mining companies have executed the perfect sting on the government when they sat down to negotiate the MRRT.
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I love reading articles about the top-end property market – <a target="_blank" href="https://afr.com/p/blogs/christopher_joye/homeowners_confident_but_luxury_qkiXQ9ualbS7z2z8EX7neP" title="Homeowners confident but luxury market loses lustre.">Home owners confident but luxury market loses lustre.</a> A great read by Christopher Joye, which clearly identifies that NSW remains the most bullish top-end market in Australia. <a href="/news">Mosman</a> is arguably performing the best of Australia’s entire top-end suburbs, with reports our office has posted another double-digit sale getting stronger and stronger. When property markets are in a downward correction mode, the top-end gets punished the most, but when it starts to recover it always posts the fastest capital appreciation. Historically, top-end property markets perform at optimum levels when a Liberal government is in power, so we sense a hedging of bets on the basis that Australia will go to the polls in March 2013.
Last week we reported that the number of Mosman houses on the market was 22% down on this time last year, this week a slight increase to 23%. We predict this number will jump significantly in coming weeks to approximately 40%.  For example: <a target="_blank" href="https://www.rwm.com.au/140207/" title="45 Shadforth Street Mosman">45 Shadforth Street Mosman</a> sold in just one week – with a one-week settlement.
Robert Simeon is a director of <a title="RWM" href="https://www.rwm.com.au/" 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 real estate blog <a title="Virtual Realty News" href="https://www.rwm.com.au/news/" target="_blank">Virtual Realty News</a> since 2000. The RWM real estate model has sold in excess of $1 billion in database sales globally.
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Mosman performing best of Australia's top-end property markets

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Melbourne's super Saturday auction tally, albeit subject to revision from many unreported results, was a healthy 66%, and the fifth week the clearance rate sat at 60% or higher.
The preliminary result came from both the 986 results tabulated by the Real Estate Institute of Victoria on Saturday evening and the 1,053 results tabulated by Sunday evening. The final total will be closer to the 1,180 auctions that were scheduled for Saturday and Sunday.
Sydney didn't quite have the same activity by comparison with 524 listings, according to Australian Property Monitors, which reported a preminary 67% success rate from its initial 337 result tabulation.
Residex collected 88% of all auction results across Sydney and put the clearance rate result at 60%. The REINSW tabulation of the week's clearance rate, including Saturday, across NSW was  62%.
While the headline results in both capital city are hard to knock, the unreported results leave the door open for the sceptics of the rally. The extraordinary media attention - and subsequent buyer/seller sentiment - that follow the occasional super Saturday hoopla require estate agencies and data organisations to beef up their data collection beyond normal so the public's brief attention gets the truest of market indicators.   
Given typical weekly revisions, Property Observer expects the final results will dip, but still sit above the 60% rate, which is viewed as commendable especially given where clearance rates were last spring.
It was 50% in Melbourne on the same weekend last year and 55 % in Sydney.
Melbourne's sales included <a target="_blank" href="https://www.realestateview.com.au/Real-Estate/13-wahroongaa-crescent-murrumbeena/Property-Details-buy-residential-4508009">13 Wahroongaa Crescent, Murrumbeena, </a>where 200 watched as competition among three bidders set a $2,115,500 suburb record through Hockingstuart.
Individual agency performances were strong across Melbourne, with Fletchers tweeting an 82% auction success rate. Marshall White tweeted its result as 80% with $70 million in sales.
One big result was at Brunswick West where 2 Duggan Street fetched $615,000 when four bidders went way beyond the $520,000 upper price guide estimate. <a target="_blank" href="https://www.propertyobserver.com.au/residential/at-%242514-per-square-metre-brunswick-east-has-cheapest-house-prices-in-inner-melbourne-paul-osborne/2012102157288">Brunswick ranks among the most economical inner-city suburbs according to a recent survey</a>.
Among listings passed in was the Montague Street, South Melbourne, ugly duckling challenge house featured in the recent television series of The Block.
Listed with $1.1 million-plus hopes, it was passed in on a $1,025,000 vendor bid after a $1 million opening offer when auctioned by Kent Morgan at<a target="_blank" rel="nofollow" href="https://www.propertyobserver.com.au/https://www.thehomepage.com.au/property/residential/246-montague-street-south-melbourne/612392"> Frank Gordon Port Melbourne </a>.
Melbourne's highest reported result was 24 Dean Street in Kew, which fetched $3.92 million with just the two bidders, with James Buyer Advocates suggesting a higher $4.1 million post-auction of a Port Melbourne townhouse.
Last weekend there was a 60% clearance rate from about 750 Melbourne auctions.
Despite the 60%-plus success pattern, Blackburn auctioneer Sam Inan warned "more than ever agents need to be salespeople."
"Vendor management is only one half of the equation," he said of the current rally.
The 1,180 auctions on one weekend ranks as Melbourne's highest since December 2010.
The record occured in March 2008 when 1,351 auctions were held.
Of the 22 weekends over the past decade with greater than 1,000 auctions, the clearance rate has varied from 85% in March 2010 to 45% in December 2003, according to the REIV.
 
<hr class="system-pagebreak">
 
Sydney didn't quite have the same activity by comparison this weekend, with APM's senior economist Andrew Wilson suggesting the salient difference in the overall listing numbers between Melbourne and Sydney was Melbourne's upper end of the market was more inclined to go to auction.
Sydney's highest sale was $4,225,000 in Killara through McGrath.
Across Sydney Cooley Auctions clearance rate was 57% selling 33 of the 58 from different agencies.
The McGrath agency secured 80 sales from its 134 offerings, reflecting a 60% clearance rate. A very high occurance of pre-sales was evident at McGrath, with 48 of the 80 sales secured pre-auction. And of the 48 pre-sales some 20 price results were kept confidential.
Sydney auctioneer Tom Panos secured eight sales from his 10 auctions, with two exceding their reserves by over $200,000.
Panos tweeted there was a record price when a Californian bungalow on about 1,000 square metres at Marrickville at $1,775,000. The riverfront reserve property last sold at $1.35 million in 2009 and was listed with $1.4 million-plus hopes through <a target="_blank" href="https://www.propertyobserver.com.au/https://www.raineandhorne.com.au/properties/243902">Michael Harris at Raine &amp; Horne</a>. There were 12 registrations. Property Observer reckons the suburb record is higher at $2.25 million for a Spanish Mission house on Livingstone Road, but it was a Thornley Street riverfront record.
 
<hr class="system-pagebreak">
 
APM is expecting one more big Saturday in Sydney this year, with 500-plus auctions scheduled for November 10.
The REIV Melbourne map (below) shows the clearance rate in suburbs that have had 20 or more 2012 auctions before this weekend.
There have been 20,431 Melbourne auctions this year, with a clearance rate of 61%, compared with 60% from 24,541 auctions last year.
Clearance rates above the Melbourne-wide clearance rate for 2012 are in blue, and in orange if they are below the Melbourne wide clearance rate.
<img src="/images/stories/2012/10/reivoct26.jpg">
Source <a target="_blank" href="https://www.reiv.com.au/">REIV</a>
According to the REIV, last year 24% of Melbourne sales were by auction down on the year before when it was 28% through auction sales.
Sydney vendors secured 14% of 2011 property sales through auction, according to APM.
RP Data says there have only been <a target="_blank" href="/news">six other occasions since early 2008 </a>where the number of scheduled auctions has been as high nationally.
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Sydney's 67% pips Melbourne's 66% super Saturday success, but tardy agents spoil the rally credibility

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Melbourne's central business district could have another 220,000 new residents within three decades, according to a new Victorian government planning report.
The residential expansion would be a 10-fold increase in the number of residents.
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Southbank and Fishermans Bend precincts are predicted to each 80,000 new residents.
Additionally, a city north growth corridor through Carlton, stretching from the Hoddle grid to Grattan Street, could add an estimated 10,000 new residents.
The Arden-Macaulay precinct in North Melbourne could add 18,000 residents.
Docklands could add 10,500 and the Hoddle grid itself 20,000.
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The state government report, Melbourne, let's talk about the future, predicts Melbourne will need an extra million homes in the next 30 to 40 years as the population increases to more than 6 million. The 109-page report has been prepared by Professor Roz Hansen, the chairwoman of the ministerial advisory committee, metropolitan planning strategy.
 
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Melbourne's CBD residential expansion prospects as at 2040

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The housing market across Australia will be put to the test this weekend with one of the biggest auction week’s taking place since December 2010.  There are 2,353 auctions planned this week, with the vast majority scheduled for Saturday, October 27th.  There have only been six other occasions since early 2008 where the number of scheduled auctions has been this high.
The last time we recorded an auction market close to this size was over the week ending April 1st, 2012, when housing market conditions were considerably weaker than what they are now.  The clearance rate over that week was 49%.
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More recently, the weighted average auction clearance rate across the capital cities has been tracking around the 55% mark, with the largest auction market, Melbourne, recording a clearance rate of 60% or higher over three of the past four weeks.
Our other vendor metrics, which include the average number of days it takes to sell a dwelling and the average level of vendor discounting, have also shown an improving trend, suggesting the buyer and seller expectations are starting to find some common ground.
Vendor discounting (the percentage difference between the original listing price of a property and the ultimate selling price) has been consistently improving since July last year.  This can probably be attributed to both vendors setting more realistic asking prices for their properties, and buyers losing some leverage in their negotiation position as market conditions show signs of a recovery.
Average selling time has stabilised at around the two-month mark, a slight improvement from last year but nothing to write home about.  Dwellings were averaging 58 days to sell in August this year and 62 days at the same time last year.
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The results from this weekend’s auction market will be closely watched. (Note: RP Data publishes preliminary auction clearance rates every Monday, based on an average collection rate of about 60% of all auctions.  By Thursday of each week we finalise our clearance rates, typically averaging a collection rate between 80% and 90% of all auction’s held).
Weekend update:  Auction markets held firm over the weekend with the preliminary weighted average clearance rates across the combined capital cities recorded at 54.6%.  Both Melbourne and Sydney recorded a 59% success rate based on the preliminary data. 
Tim Lawless is national research director of <a target="_blank" href="https://www.myrp.com.au/">RP Data.</a>
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Australia's housing market put to the test in biggest auction weekend in almost two years: Tim Lawless

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There were 726 sales in Perth this week, up 37% from the 529 in the same week last year, according to the Real Estate Institute of Western Australia.
The most actively traded suburb was East Perth, with 11 sales. 
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Perth sales up 37% on same week last year: REIWA

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Images of the new Sir Zelman Cowen School of Music at Monash University have been released.
<img src="/images/stories/2012/10/zelman1.jpg">
The building will be the first project in the southern hemisphere of Moshe Safdie, director of international firm Safdie Architects, which has undertaken the massive Marina Bay Sands resort in Singapore.
The school of music will include teaching and practice spaces, an 800-seat concert hall, jazz club and a recording studio.
The exterior will be constructed of reinforced concrete with inlaid stone, contrasting with the concert hall enclosure which is stainless steel with "concrete ribs".
<img src="/images/stories/2012/10/zelman2.jpg">
Construction is due to start in 2014 and be completed by mid 2016.
He told The Australian his sculptural exterior may resemble the shells of the Sydney Opera House, but that Melbourne's latest concert venue will be its own building.
<img src="/images/stories/2012/10/kauffmanpic.jpg">
The Australian arts reporter Matthew Westwood noted its shell-like design resembled inpart Safdie's Kauffman arts centre in Kansas City, Missouri (pictured above), and the architect ackowledged some people think it recalls Joern Utzon's opera house, too.
"People have said it reminds them of it, but I think the geometries are quite different," he told Westwood.
"It's the reaching up to the sky that people associate with the two."
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Melbourne gets its orange segments inspiration at Sir Zelman Cowen School of Music at Monash University

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A beachside motel on Bribie Island has been listed for auction by a prominent Brisbane Liberal National Party activist.
The Surfside Shacks in Woorim reportedly started life as the Kin Kin hospital before it was carted to its current site by bullock dray and across the Pumicestone Passage by barge.
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Ray White Bribie Island agent Shane Richards says the site is rich in history.
"The building was also used as a returned soldiers' respite hospital at the end of World War Two before becoming the Surfside Flats in the late 1950s, and it's been holiday accommodation ever since,” Richards told Caboolture News.
"It's been on the island for many years, and that makes it iconic because of how long it has been here, how many people would have stayed there and how close it is to the ocean."
Richards says generations of Bribie Island holiday makers from Queensland and interstate will have fond memories of their times spent at Woorim beach, on the doorstep of the property.
Bribie Island is in Moreton Bay near Stradbroke Island and Moreton Island.
Even he himself remembers holidaying here and says he has received interest from buyers overcome with nostalgia.
He says its proximity to the beach would be impossible under current planning laws.
"You could never build that close to the ocean again."
"Literally when you're on the top floor on the veranda, you can jump off onto the sand dune and roll down into the surf.
"If you took the building down you would have to have a six-metre setback for any new building, so essentially six metres back from the road.
"That's one thing that makes this property special, and the other aspect is its full-time return, so the money it's making."
The property is a two-storey building on 640 square metres with four units on the ground floor on residential leases and a three-bedroom, two-bathroom penthouse upstairs available for short-term accommodation or as a retreat for potential buyers.
Current rates for the penthouse start at $500 per week during off peak and up to $1,000 per week during the main season.
The downstairs units earn a gross income of around $56,000 per year.
The property has views over the recently weeded sand dunes through to the ocean.
It last sold for $950,000 in 2004. The vendor recently spent $700,000 renovating the place.
Richards was unwilling to give a price indication but said it would be unlikely to sell for less than $1.6 million.
It goes to auction on November 3.
The property is being sold by Brisbane-based property developer Daryl Fennell, who was a key figure in the creation of the merged Liberal National Party.
Fennell owns a number of properties in Queensland.
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