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.

[smartcode_project:default project_id=152069 project_image_fid=374394]

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.

[smartcode_project:default project_id=152069 project_image_fid=374399]

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.

[smartcode_project_cta:default project_id=152069]

Joel Robinson

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.

[smartcode_project:default project_id=95289 project_image_fid=366760]

<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.

[smartcode_project:default project_id=95289 project_image_fid=366769]

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.

[smartcode_project:default project_id=95289 project_image_fid=366762]

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

Luxury apartment buyers have long prioritised design, space and finishes, but increasingly they're placing equal importance on something less tangible: how easily they can live without relying on a car.

At <a>Richmond Square</a>, <a href="https://www.apartments.com.au/developers/fortis">Fortis</a> believes that convenience begins beyond the apartment itself, with the mixed-use precinct earning a near-perfect Walk Score of 99.

The development has been planned around the idea that some of the most valuable amenities aren't contained within a building, they're the restaurants, cafés, parks, transport connections and daily conveniences that can all be reached on foot.

Located just behind Swan Street and Church Street, <a href="https://www.apartments.com.au/new-apartments/richmond-square-1-wiltshire-street-richmond-vic-3121">Richmond Square</a> places residents within one of Melbo​u​rne's most established lifestyle precincts while offering a quieter residential setting removed from the busiest thoroughfares. East Richmond Station is moments away, trams run along both Swan and Church Streets, and the MCG, Melb​​ourne Park, Yarra River trails and the CBD are all within walking distance. At the same time, the precinct itself will introduce a curated mix of dining, retail, hospitality and wellness offerings, creating a destination that extends well beyond its residential buildings.

[smartcode_project:default project_id=13181 project_image_fid=348530]

For Fortis, that combination of location and scale was what made the site unique.

"<a href="https://www.apartments.com.au/developments/richmond-vic-3121">Richmond</a> is one of Melb​o​urne's most established and distinctive inner-city neighbourhoods, with a rare combination of dining, culture, recreation, public transport and proximity to the CBD," the developer said.

"The opportunity at Wiltshire Street was particularly compelling because the site sits slightly removed from the activity of Swan and Church Streets while remaining only moments from everything that makes the area desirable."

Rather than developing a standalone apartment building, Fortis consolidated 15 individual properties to create one of the larger development parcels assembled on Mel​b​ourne's city fringe in recent years. That allowed the team to deliver a genuine mixed-use precinct comprising 107 residences across Wiltshire House and Carmine House, premium office space, hospitality venues, retail, wellness offerings and a future 57-room hotel.

"The scale of the site allowed Fortis to think beyond a standalone apartment building," the developer said.

"Richmond Square could be planned as a complete lifestyle precinct, bringing homes, workplaces, dining, retail, hospitality and wellness together around a series of activated public spaces. The aim was to create a destination that feels connected to Richmond rather than separate from it."

[smartcode_project:default project_id=13181 project_image_fid=348533]

The emphasis on walkability has also resonated with buyers.

Interest has been strongest from established owner-occupiers, particularly downsizers from Richmond and Melb​ourne's inner east who want to remain close to familiar restaurants, workplaces, family and social networks while moving into a more secure, lower-maintenance home. The project is also attracting Mornington Peninsula and interstate buyers seeking a Melb​ourne residence they can lock up and leave between visits.

Many are looking for generous living spaces, room to entertain, quality finishes and confidence in the project team, but location remains one of the biggest deciding factors.

"For many buyers, Richmond Square provides a way to simplify the practical side of home ownership without reducing the quality of their lifestyle," the sales team said.

"Location is also a major driver of interest. Buyers can remain connected to the CBD, major sporting events, the arts centres, local restaurants, cafes and bars and their family while living in a private and secure residence that is easy to lock up and leave for weekends or longer periods away."

[smartcode_project:default project_id=13181 project_image_fid=348549]

The residences themselves have been designed with that buyer in mind. Award-winning architecture practice SJB and interior designers Hecker Guthrie have created spacious two and three-bedroom apartments and penthouses that prioritise generous living areas, natural light, bespoke joinery and private terraces. Above, a rooftop sanctuary by Acre includes landscaped lawns, bookable dining rooms, barbecue facilities, wellness spaces and panoramic views across the CBD, the MCG and Port Phillip Bay.

Fortis believes Richmond Square reflects a broader evolution in apartment living, where the surrounding neighbourhood becomes just as important as the residence itself.

"Richmond Square introduces a different proposition: generously proportioned residences within a genuinely mixed-use, hospitality-led destination," the developer said.

"The project's location and Walk Score of 99 further support a lifestyle where residents can complete many everyday journeys without relying on a car."

Fortis has assembled an experienced team that includes <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, <a href="https://www.apartments.com.au/interior-designers/hecker-guthrie">Hecker Guthrie</a>, <a href="https://www.apartments.com.au/landscape-architect/acre">Acre</a> and builder <a href="https://www.apartments.com.au/builders/hacer-group">Hacer Group</a>, reflecting the developer's commitment to creating projects with enduring design quality and meaningful connections to the communities in which they sit.&nbsp;

Richmond Square is an expression of that philosophy, bringing together homes, workplaces, hospitality and wellness within one of Me​lb​ourne's most walkable neighbourhoods.&nbsp;

Construction is now almost complete, providing purchasers with growing confidence ahead of its expected September 2026 completion.

[smartcode_project_cta:default project_id=13181]

Walk Score of 99 places Richmond Square at the heart of Melbourne's most connected lifestyle

<h3 data-end="19" data-section-id="1dvgwoe" data-start="0">Summary</h3>

<ul data-end="634" data-start="21">
	<li data-end="170" data-section-id="1o77v31" data-start="21">Walker Corporation has lodged plans for a second major residential development in the Maroochydore City Centre, a 29-storey tower known as Celeste.</li>
	<li data-end="327" data-section-id="1lb0y6t" data-start="171">The Plus Studio-designed proposal at Lot 30 Sunshine Coast Parade would deliver 208 apartments, including four four-bedroom sub-penthouses and penthouses.</li>
	<li data-end="487" data-section-id="za720" data-start="328">The application comes as Walker doubles down on Maroochydore following the strong sales campaign at SOL by Walker, where the first tower is nearing sell-out.</li>
	<li data-end="634" data-section-id="5sovec" data-start="488">Walker is a key partner in the transformation of the Maroochydore City Centre, which is expected to ultimately deliver at least 4,000 new homes.</li>
</ul>

Walker Corporation is doubling down on Maroochydore following the successful sales campaign at its first residential project in the emerging CBD.

The national developer has filed plans for <a href="https://www.apartments.com.au/new-apartments/celeste-30-sunshine-coast-parade-maroochydore-qld-4558">Celeste</a>, a new 29-storey apartment tower at Lot 30 Sunshine Coast Parade, just metres from its under-construction SOL by Walker development.

The plans, prepared by Plus Studio, would see 208 apartments delivered across a 100-metre tower on the 2,376 sqm site, which fronts Sunshine Coast Parade, First Avenue and Future Way within the Maroochydore Priority Development Area.

<img alt="Walker" data-entity-type="file" data-entity-uuid="17038209-6fea-4ed2-855d-fd4df65b3d02" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-10%20at%2010.24.16%E2%80%AFAM.png?VersionId=iZD.oVXcQn.aLpUytDAW.CWjxP4puWMy" />

The proposed apartment mix comprises 36 one-bedroom apartments, 48 two-bedroom apartments, 72 two-bedroom apartments with an additional multipurpose space, and 48 three-bedroom apartments.

The upper levels would be capped by two four-bedroom sub-penthouses and two four-bedroom penthouses, taking the total apartment count to 208. The preliminary yield study also provides 262 car spaces, 114 resident bicycle spaces and storage for each apartment.

It represents Walker's next major residential move in the new Maroochydore CBD after the success of SOL by Walker, its $220 million two-tower project nearby.

SOL launched to market in early 2025 and has since seen strong demand, particularly from local owner-occupiers. By February this year, Walker said the first SOL tower was nearing sell-out, with a strong waitlist also emerging for its recently released penthouse collection.

Construction is already underway on SOL, with the first tower expected to be completed in late 2027 and the second to follow in early 2028.

[smartcode_project:default project_id=147777 project_image_fid=319846]

<h2 data-end="2518" data-section-id="1b2dyo5" data-start="2459">Celeste to rise 100 metres over Maroochydore City Centre</h2>

Celeste would take a different form to the twin 19-storey buildings at SOL.

Plus Studio has designed a single 100-metre tower above an activated podium, with the architecture responding to the site's prominent position and three street frontages.

The podium would incorporate commercial tenancies and public art, with sweeping façade elements wrapping the street edges. The scalloped concrete podium has been inspired by the patterns created in sand at low tide, while extensive landscaping would continue vertically through the tower.

The ground level plans show three commercial tenancies addressing Sunshine Coast Parade alongside the residential lobby and landscaped public realm. The podium would then accommodate several levels of car parking before the residential tower rises above.

<img alt="Celeste" data-entity-type="file" data-entity-uuid="121f77b1-71c5-46d7-9b36-0a7d474211ca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-10%20at%2010.24.47%E2%80%AFAM.png?VersionId=MGrg9Hb7HgzLN0Lelq_xrXNAruVl77ia" />

Plus Studio said the tower had been designed to maximise views from each apartment, taking in the Maroochy River, Sunshine Coast hinterland, Cotton Tree and Maroochydore Beach and ocean.

Those views have also shaped one of the project's key features, with Walker proposing to put the primary resident amenity on Level 29 rather than lower within the building.

The rooftop would feature a 284.9 sqm pool area with an infinity edge, along with a cold pool, spa, sauna, 93.2 sqm gym, sunset lounge, BBQ and dining areas, pool deck and private dining space. Cabanas and day beds are also shown across the recreation level.

The two penthouses would extend across the upper levels and each feature private terraces and plunge pools.

<h2 data-end="4202" data-section-id="v5f4ix" data-start="4160">Walker's growing Maroochydore footprint</h2>

Celeste further reinforces Walker's commitment to the transformation of Maroochydore City Centre.

Walker is one of the key partners delivering the new CBD alongside Sunshine Coast Council and SunCentral Maroochydore, with the broader 62-hectare Priority Development Area occupying the former Horton Park Golf Course and surrounding land.

The precinct is ultimately expected to accommodate at least 4,000 new homes as Maroochydore evolves into the Sunshine Coast's principal commercial and residential centre.

When SOL secured approval in February 2025, Walker Managing Director and CEO David Gallant described it as the "first of many residential projects" the company planned for the Maroochydore City Centre.

Celeste now provides the clearest indication yet of what comes next.

The site sits immediately within the new CBD, with the design report identifying Sunshine Plaza and surrounding parkland within walking distance and Maroochydore Beach around a five-minute drive away.

For Walker, the timing of the application comes as its first residential bet on the new CBD appears to have been vindicated.

SOL has progressed from planning approval to construction while its first release has approached sell-out, giving Walker confidence to push ahead with another 208 apartments and take its residential pipeline in the Maroochydore City Centre to around 450 dwellings across the two projects.

Celeste remains subject to planning approval, with the architectural material describing the scheme as a preliminary yield study that may change through the assessment process.

Walker doubles down on Maroochydore with 29-storey Celeste apartment tower

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

Off-the-plan property explained: What is stamp duty?

For most Australians, buying an apartment is one of the biggest financial decisions they'll ever make

The location, floorplan and price are often the first considerations, but in recent years another question has become increasingly important: who is actually delivering the project?

A series of high-profile builder collapses, construction delays and defect concerns have fundamentally changed how many Victorians approach buying off the plan. The collapse of Porter Davis in 2023, which reportedly left around 1,700 homes unfinished, became one of the most visible examples of the risks that can emerge when a construction company fails. <a href="https://www.equifax.com.au/sites/default/files/lpassets/pdf/Final-Business-Market-Pulse-June-Sector-Deep-Dive-Report-2.pdf">Similar challenges across the broader construction sector</a> have left buyers asking more questions before signing a contract.

As Victoria continues encouraging higher-density housing to address supply shortages, transparency is becoming just as important as location or price.

One tool increasingly entering the conversation is the <a href="https://icirt.com/">Independent Construction Industry Rating Tool (iCIRT)</a>, an independent assessment framework designed to help buyers better understand the developer or builder behind a project. Originally developed by Equifax in consultation with government and industry as part of NSW's Construct NSW reforms, the system has since expanded nationally.

<h2 data-end="1519" data-section-id="7nmx3" data-start="1492">What is an iCIRT rating?</h2>

Most Australians are familiar with independent ratings in everyday life.

We compare ANCAP safety ratings before buying a car. We look at Health Star Ratings in supermarkets. Banks rely on credit assessments when lending money.

Until recently, however, there has been very little independent information available to help apartment buyers assess the business responsible for delivering a residential project.

That gap is what iCIRT was designed to address.

Builders, developers and other construction professionals with an iCIRT rating have demonstrated high-trust characteristics through an independent, evidence-based assessment across six criteria: Character, Capability, Conduct, Capacity, Capital and Counterparties. This involves a rigorous review of financial health, past project track record, and ethical conduct. Crucially, an iCIRT rating could help provide property buyers with confidence that they are working with a professional who has demonstrated the capability, capacity, and willingness to return and rectify issues.

Importantly, iCIRT is not a recommendation to purchase a particular property, nor is it a traditional credit rating. It is an independent assessment framework designed to provide objective information about a construction business using a <a href="https://icirt.com/sites/default/files/2025-08/iCIRT-Methodology-Issue1-May-2021.pdf">published methodology</a>.

The system has been widely adopted in New South Wales, where more than one-third of medium and large residential builders and developers now hold an iCIRT rating, representing over two-thirds of the state's residential building market by value as of 2025/26.

<h2 data-end="3126" data-section-id="h6ohtj" data-start="3084">Why buyers are doing more due diligence</h2>

For many buyers, particularly those purchasing off the plan, the biggest risk isn't whether they'll like the kitchen finishes.

It's whether the project will be delivered on time, to the expected quality, and by a company capable of completing the development.

<a href="https://icirt.com/sites/default/files/2026-07/iCIRT%202025%20Consumer%20Survey%20Report%20v05.pdf">Consumer research commissioned by iCIRT</a> found more than half of respondents believed current protections do not adequately safeguard buyers from builder insolvencies or defective projects. Other research found 88 per cent of prospective buyers would seek independent ratings or due diligence before purchasing, while 90 per cent said trust in construction professionals is essential.

That doesn't mean buyers should rely on a single rating alone.

Independent legal advice, understanding the contract, and seeking financial advice all remain important parts of the due diligence process.

However, an independent assessment can provide another source of information alongside those traditional checks.

<h2 data-end="4138" data-section-id="pquzxc" data-start="4094">Trust is becoming a competitive advantage</h2>

The conversation isn't only changing for buyers.

Developers are also recognising that trust has become an increasingly important part of the sales process.

Five years ago, purchasers typically asked about floorplans, finishes and settlement dates.

Today, sales teams are increasingly being asked about the developer's experience, financial stability, previous projects and construction partners.

For companies with strong governance and established delivery records, an independent iCIRT rating provides another way to demonstrate those credentials before buyers even visit a display suite.

According to Equifax, the assessment can also help businesses drive sales and <a href="https://icirt.com/resources-for-business/icirt-rating-helps-scion-secure-high-value-projects">secure high-value projects</a>, as well as identify operational improvements and <a href="https://icirt.com/resources-for-business/mirvac-reinforces-brand-trust-and-quality-independent-icirt-rating">attract top talent</a>.

<h2 data-end="4962" data-section-id="1j54ng5" data-start="4912">Beyond buyers: lenders are paying attention too</h2>

The influence of independent construction ratings is also extending beyond consumers.

According to Stamford Capital's Real Estate Debt Capital Markets Survey, an increasing number of lenders now incorporate iCIRT ratings into their due diligence processes when assessing residential development finance applications.

The survey found lender adoption has continued to rise, with many respondents saying independent assessments provide additional insight into governance, counterparties and delivery capability beyond traditional financial analysis. Some lenders also reported declining funding applications where businesses had poor or no ratings.

As construction costs remain elevated and access to development finance becomes more selective, demonstrating credibility is becoming increasingly valuable.

<h2 data-end="5801" data-section-id="1qazuxs" data-start="5772">What it means for Victoria</h2>

Victoria's apartment market is entering a new phase.

The state is seeking to accelerate higher-density housing while simultaneously introducing reforms aimed at improving confidence in residential construction.

For buyers, that means there are more tools available than ever before to research the businesses behind a project.

For developers, it signals that transparency is becoming another point of differentiation in an increasingly competitive market.

Buyers are asking more questions than ever before and increasingly expecting independent information, not just marketing material, before making one of the biggest financial commitments of their lives.

Find out how to get iCIRT rated <a href="https://www.icirt.com/sites/default/files/2025-08/iCIRT-Infographic-Assessment-Process-Final.pdf">here</a>.

<hr data-end="6469" data-start="6466" />
The information contained in this article is general in nature and does not constitute personal, financial, legal or tax advice. It does not take into account your personal objectives, financial situation or needs. Therefore, you should consider whether the information is appropriate to your circumstances before acting on it and, where appropriate, seek independent professional advice.

This article contains links to third-party websites. These links are provided for convenience only. Equifax Australia does not control and is not responsible for the content, accuracy or privacy practices of external sites.

Copyright © 2026 Equifax Australia Information Services and Solutions Pty Ltd. All rights reserved.

Buying off-the-plan in Melbourne? How independent iCIRT ratings are set to change Victorian property

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Emerging buying interest is again expected from Sydney first-home buyers this weekend for off-the-plan projects, due to the $15,000 government grant available for new home purchases, which kicked off October 1.
However, because many developers were forced to offer incentives in the three-month "vacuum" between its NSW state budget announcement and its October 1 introduction, the initial response has not been as dramatic as might have been anticipated.
The grant is available for first-home buyers buying or building a new home up to a value of $650,000.
In addition, first-home buyers pay no stamp duty on new homes valued up to $550,000, a maximum saving of $20,240.
One project, the Montrose development in North Sydney (pictured below), which features a rooftop cinema, sold 25 apartments off the plan last weekend, six of them to first-home buyers in a pre-launch VIP sale.
The official launch of Montrose will be this weekend.
<img src="/images/stories/2012/09/montrose1.jpg">
Curtis Field, director of project marketing at Colliers International, which is marketing Montrose, tells Property Observer a rooftop cinema is fairly unique for an apartment project in Sydney, but they are more common Melbourne.
He says the cinema was included in the design to appeal to younger couples and singles who are expected to show interest in Montrose and which will “add some vibrancy” to the project.
<img src="/images/stories/2012/09/montros4.jpg">
“It’s set up like a home cinema. Residents or tenants book it through the body corporate. It could be a great place to watch the grand final.”
<img src="/images/stories/2012/09/montrose3.jpg">
Field says inquiries levels have been “really good”, with 25% to 30% of them coming from first-home buyers.
 
<hr class="system-pagebreak">
 
More than half of the 104 apartments in the 10-storey project have been deliberately priced under $650,000.
Studios measuring 40 to 48 square metres are priced from $435,000, with weekly rental potential of about $450 to $500 – a gross yield of about 5.4%.
Prices rise to $920,000 for bigger apartments with better views.
Montrose has been designed by Mayoh Architects and is being developed by Sydney-based Legacy Property led by Princeton University graduate Matthew Hyder and Stewart Nettleton, former NSW state manager for retirement living at Stockland.
Recently completed Legacy projects include the boutique, high-end The Avenue apartment complex in Collaroy on Sydney’s Northern Beaches and the 88 apartment Kantarra project in Lindfield. Legacy has also completed a number of projects in the US.
However, according to David Chittenden, director of residential in Sydney for Colliers International, because developers were forced to offer incentives in the three-month vacuum between the $15,000 grant’s announcement and its commencement (only a $7,000 handout was available up to October 1), the impact has not been as dramatic.
“Every developer tried to prop-up the market in this interim period,” Chittendon tells Property Observer.
“This has watered down the official grants because buyers have been conditioned to expect incentives and discounts.”
In the past, Chittendon says it was a sign of a “desperation 101” if you advertised incentives for a project but it has since become “need 101” because developers needed some first-home buyer interest.
He says the real benefits have gone to second and third home-buyers and some investors, who have been able to access $15,000 incentives and discounts.
“It’s difficult to discriminate just because someone is not a first-home buyer.”
However Chittendon has noticed a pick-up from first-home buyers with more visits to display suites of other projects being marketed by Colliers International aimed at this market segment.
These include La Vista in Kogarah on the Princess Highway, with views across Botany Bay, featuring one, two and three bedroom apartments, with two-bedders priced from $519,000.
Colliers is also marketing the Carleton Estate Apartments in Summer Hill in the inner west, featuring 78 apartments across four buildings, being developed by Nascon with one-bedders starting from $519,000.
Other Sydney developers have noted an increase in first-home buyer inquiries.
 
<hr class="system-pagebreak">
 
A spokesperson for developer Becton tells Property Observer there has been “a significant uplift in first-home buyer enquiries and reservations in the last several weekends" at its Divercity Waterloo project, where one-bedroom apartments are priced under $500,000. Divercity amenties include an outdoor pizzeria, a health club and an outdoor yoga studio.
“Last weekend we took five reservations of which four were first-home buyers. We currently have 10 contracts with first-home buyers awaiting exchange," says the Becton spokesperson.
Mark Mendel, CEO of FindInvestmentProperty.com.au, which promotes new residential projects, says there has been a “surge” in enquiries from first-home buyers since October 1.
“This has increased even more in the first few days of October as FHB look to take advantage before the rush of buyers expected before Christmas,”he says.
“Where we may have had four out of 10 enquires being first home buyers earlier in the year, over the last week this has increased to eight out of 10 buyers.
"September was our biggest month ever because of the additional enquires from first home buyers and it looks like October we'll beat it again," says Mendel.
Adam Sparkes, Frasers Property Australia’s group sales manager, which is building the $2 billion Central Park mixed-use precinct on Broadway in Chippendale in partnership with Sekisui House Australia, says they have fielded a “large volume of inquiry from first-home buyers seeking to take advantage of the new government grant and stamp duties savings on offer for new developments".
“Our agents at both Central Park and Putney Hill have forwarded several new sales advices across varying apartment types with prices ranging from $480,000 through to $650,000.
“We expect the level of inquiry from first time buyers to remain steady over the coming 15 months as the full grant and concessions remain in place.
At The Mark, the third residential tower launched at Central Park, one bedroom suites start from $475,000. Another residential tower in the development, Park Lane, offers one bedroom suites from $495,000.
A spokesperson for Sekisui House, which is developing The Waterfront at Wentworth Point and The Hermitage in south west Sydney, says they are expecting a "significant increase from first-home buyer enquiries".
"Whilst no product is available below $550,000 for maximum stamp duty concessions, we are seeing enquiry for  sub-$650,000 product.
Sekisui House has made some reviews of pricing to ensure a maximum number of units fall below $650,000.
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lschlesinger-FZcF9M3vE6

Sydney first-home buyer interest picking up – but not silver screen-worthy – in wake of government grant

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There was no big rush from vendors to list their properties for sale in the first month of the spring buying and selling season, according to online residential listings data compiled by SQM Research.
Total online residential listings remained steady during the month of September 2012 at 373,374, down 2.6% year-on-year.
However, the September figures suggest more active property markets in Perth, Sydney, Queensland and Darwin, where year-on-year listings are well down, while Melbourne, Adelaide and Hobart have added to the stock of properties available for purchase over the same time frame.
Perth recorded a 3% month-on-month drop in listings from 18,053 in August to 17,517 in September, followed by Sydney, where listings fell by 2.9% to 30,408.
Perth listings are down 14.6% year-on-year, while Sydney listings are down 13.1% year-on-year.
Darwin listings fell 6.6% to 1,198 in September and are down 25.9% since September 2011 – the largest yearly decrease of all capital cities, though off a low listings base.
Click to enlarge
<a href="/images/stories/2012/09/sqmoct5.gif" rel="shadowbox" title="Click to enlarge"><img src="/images/stories/2012/09/sqmoct5thumb.gif"></a>
SQM research director Louis Christopher said it was as strong result for those cities where listings declined and added that it was “unusual” for cities to record falls in listings during the opening month of spring.
“Either vendors have been withdrawing their properties at a faster rate than new listings entering into the market, or stock is being sold at a quicker rate. Or a combination of both,” said Christopher.
At the other end of the spectrum, Adelaide experienced the largest monthly increase, rising by 2.1% during September to come to a total of 17,091.
Melbourne recorded a net gain of 370 listings over September, a rise of 0.7% to take total online listings to 51,564, with listings up 3.2% over the past 12 months.
Brisbane recorded a small 0.6% gain in online listings to 28,837, but listings are down 8% year-on-year.
Hobart listings were down a modest 0.4% over September to 4,371 but the Tasmanian capital has by far the inactive or stagnant property market with online listings up 21.5% since September 2011.
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No big spring listings rush as stock on market hold steady in September: SQM

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A third senior financial services executive has come out to warn that lower interest rates could inflate a housing bubble in Australia following the RBA cash rate cut on Tuesday.
Phil Chronican, chief executive of ANZ Australia, told Fairfax radio station 3AW that one had to worry “when there is a lot of cheap money around that results in asset price inflation”.
"That's been true over the past 40 or 50 years."
"I do think it's an issue that the authorities have to keep in mind over the next year or two," he added.
His comments come a day after <a href="https://www.propertyobserver.com.au/news/low-interest-rates-could-lead-to-property-bubble-future-fund/2012100356967">Barry Brakey, head of property at the The Future Fund</a>, warned property investors of the inflation caused by a lot of capital waiting to be invested directly into the Australian property market.
The Future Fund is an independently managed investment fund established in 2006 into which the Australian government deposits its budget surplus. It holds $4.95 billion in property around the world.
Patrick Winsbury, senior vice-president of Moody’s, has also expressed concerns about the effect lower interest rates may have on Australian property prices.
Winsbury said there was a key side-effect risk that lower rates could inflate a housing bubble.
"It's one of the scenarios we consider when we analyse the credit-worthiness of the banks," he said.
The cash rate is now at three-year low and just 25 basis points off record lows of 3%.
House prices rose 1.4% in September, according to RP Data-Rismark – the biggest monthly gain since March 2010, with RP Data’s national research director Tim Lawless saying he expected further capital value gains over the next few months, though not at the magnitude of the September gain.
However, not everyone agrees that lower interest rates might create a housing bubble.
AMP Capital Investors chief economist Shane Olive said yesterday that the cash rate would need to fall to 2.5% to deliver a variable mortgage rate around 6%, which would be low enough to be “stimulatory” and improve consumer and business confidence.
He says the current average variable rate of about 6.75% is only the neutral setting.
Oliver expects banks to pass on about 20 out of the 25 basis points to borrowers.
None of the major banks have made an announcement yet about interest rates.
ANZ will make its independent interest rate announcement in a week’s time (October 12).
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ANZ boss adds to growing list warning of Australian housing bubble risk

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11/15 Eddys Grove, Bentleigh, Victoria 3204
<img src="/images/stories/2012/09/eddys.jpg" width="470">
This two-bedroom, low-maintenance unit is currently tenanted on a month-to-month lease at $295 per week. Buxton agent Heather Steadman says the identical adjacent unit rents for $350 per week, but without some renovation work unit 11 is unlikely to command much more than $295. It is within walking distance of Centre Road shops, cafes and the train station, which is in zone 1. 
Steadman<a target="_blank" href="https://www.buxton.com.au/"> is marketing the property </a>with price hopes of $380,000 plus, and if it sells for that price, that would secure an investor a gross rental yield of 4% at its current rent,  above the gross rental yield for Bentleigh units of 3.5%, according to RP Data. The gross rental yield does not consider the costs of maintaining the property, including council rates and other fees such as water bills and managing agent fees.
<a target="_blank" href="https://calc.washingtonbrown.com.au/wbdcalculator/calculator.aspx?RID=HPCAZOPTTT">Washington Brown</a> estimates the first-year tax depreciation deduction to be $6,000 and over five years to be $13,000.
The median unit price in Bentleigh fell 8.6% in the past year but rose 39.5% in the past five years, according to RP Data.
The property will be open for inspection Saturday, October 13 at 10.45am and will go to auction Saturday, October 20 at 12.30pm.
For more information about prices and yields in <a href="/news">Bentleigh, see the RP Data suburb page.</a>
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cknowlton-QnEa6ntUYP

Friday form guide: Yields of up to 4% in Bentleigh

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The number of new Gold Coast apartments available to purchase has halved in the space of two years, according to the August quarter Midwood Report.
There are now just 420 high-rise apartments up for sale (representing two year’s of supply at current low rates of sale), compared with 839 new apartments available for purchase in August 2010.
Click to enlarge
<a title="Click to enlarge" rel="shadowbox" href="/images/stories/2012/09/midwoodoct5.gif"><img src="/images/stories/2012/09/midwoodoct5thumb.gif"></a>
“There should no longer be the perception that Gold Coast high-rise apartments are oversupplied,” said Midwood Report author Bill Morris.
Midwood records 54 new apartment sales over the August quarter of 2012, double the 26 sales recorded in the May quarter and just above the 52 sold in the February quarter.
The long-term average for the Gold Coast is 300 unconditional sales per quarter.
The August quarter figures excluded Juniper Group's Soul tower, featuring 288 units, of which 92 are still available for sale and Brookfield Multiplex’s Orchid tower in its Hilton project, featuring 224 apartments, of which 25 remain available for purchase. Construction of both these <a href="/news">Surfers Paradise</a> towers is now complete.
Midwood notes that the two developers had refused to report sales “because they are embarrassingly low”.
The top-selling project was Phoenix Apartments on Lakefront Crescent at <a href="/news">Varsity Lakes</a>, which managed 16 off-the-plan sales.
This is a $60 million project featuring 120 apartments being developed by Trilink Developments and De Va Project Marketing.
The project features four lake precinct buildings, three eight-storey buildings and one four-storey building, with stages one and two currently being marketed.
One-bedroom apartments with a car park are being marketed from $339,000, and three-bedroom apartments on the eighth floor with two car parks from $550,000.
Sales over the quarter included a 106-square-metre, three-bedroom apartment that sold for $580,000.
 
<hr class="system-pagebreak">
 
Conditions for investors due not appear to be improving.
According to the Midwood Report, rents on the Gold Coast have hardly changed in the past two years.
The median weekly rent for a one-bedroom flat on the Gold Coast is $290 per week, unchanged from two years ago; rentals for two-bedroom flats have increased from $340 to $350 over the past two years, and median asking rent for three-bedroom houses has increased marginally from $400 to $405 in the past 12 months. Four-bedroom houses rent at $450 per week, compared with $440 two years ago.
Furthermore, the report notes that there has been significant changes in population trends on the Gold Coast and Sunshine Coast, “both of which have experienced a slowing down in population growth rate over the five years ending 2011”.
The Gold Coast population was growing at 6% per annum in 1991, 4.5% in 1996, 3.4% in 2001 and 2.7% in 2006
“On the other hand, Townsville has experienced a higher growth rate over the same period, whilst Cairns has seen steady growth.”
Morris notes that these are “significant trends for property investors”.
“They beg the question “have the Gold Coast and Sunshine Coast lost their growth fundamentals permanently”?
In its October Gold Coast update, LandMark White records 709 new units available on the Gold Coast in high-rise developments currently being marketed, with 527 of these apartments in the "big three" – Soul, Hilton and Niecon's two-tower Oracle project on Broadbeach, which is in the hands of receivers Korda Mentha.
Some 93 of the remaining 182 units are located within SPC Residential's three-tower Southport Central project, where receivers have also been appointed. Tower two is almost sold out, with just 11 out of 262 apartments remaining, according to Midwood.
LandMark White notes there are no new units available priced under $500,000 "and less than 10 units available priced under $750,000 if you then take Southport Central out of the equation". "We also note that certain developers have retained units and placed them into letting pools, thereby reducing the amount of available units even further."
One new project about to commence construction is Kirra’s Pure apartments (33 units over 12 storeys), being developerd by the Pikos Group of Companies, while another project, Jewel in Surfers Paradise, being developed by Chinese developer The Ridong Group is progressing through the approval process
"This comes as good news to the construction industry which has experienced a slump in new project proposals and construction since the completion of the ‘Big Three’," says LandMark White.
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Gold Coast new apartment stock halves in two years: Midwood 

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We have all heard the old saying about death and taxes being the only two certainties in life. This may not be the case when you take superannuation into account, but that is for another article. Having said that, you should claim all legitimate property deductions so as to maximise the return on your investment.
For property investors, that means treating your investments as a business (notwithstanding the ATO does not recognise passive property investing as a business, which has certain tax treatments available) and claiming all deductions against your rental income or capital gains if the property is sold.
You also need to ensure that you do not arbitrarily create situations just to get a tax deduction, as this will be seen as tax avoidance and taxed anyway. Your dominant purpose cannot be for tax a benefit.
“Claim all legitimate tax deductions” may sound straightforward. The problem is, however, that the tax law is complicated and constantly changing. Indeed even the ATO may have a change of position in its thinking. It is therefore critical that property investors do not “under claim”, or claim for ineligible expenses (leading to a very emotive time if audited). 
To maximise your allowable deductions you must first understand what you are entitled to and then make sure you claim it. The concept of stopping the leakage is critical, as the word leakage implies losing what you have or are entitled to, which is exactly what happens if you do not claim all allowable deductions. 
There are several types of expenses that are deductible immediately.
In simple terms, these are costs that are created and paid for in the one year relating to the ongoing ownership of your investment property. You should in all cases be able to prove to the Australian Taxation Office (ATO) that the expenses that you are claiming relate to legitimate business expenses for the investment property.
It should therefore go without saying that you must keep all records of payments whenever you incur an expense. These expenses should not be guessed or inappropriately apportioned. This will save you a great deal of time and money when you submit your tax return and any subsequent ATO review or audit as the ATO can legally refuse unsubstantiated claims.
Ken Raiss is a certified accountant and director of <a title="Chan &amp; Naylor " href="https://www.chan-naylor.com.au/" target="_self">Chan &amp; Naylor</a> national accounting firm. Chan &amp; Naylor offers a free five-minute question-and-answer session on its website under the<a href="https://www.chan-naylor.com.au/ask-the-experts/" target="_blank"> "Ask the Experts" section.</a>
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Claim all you can on your property investment, but don't invest just for the tax benefit

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Malaysian developer SP Setia has been offering Malaysian investors exclusive deals for Fulton Lane, Melbourne purchases.
Potential buyers at a recent showcase at the luxury Marriott Hotel in Kuala Lumpur were offered 10% interest per annum on off-the-plan deposits for the final release of apartments as well as a cash rebate of 1% of the purchase price.
The developer is also offering a “buyer get buyer special” where a buyer and a friend will be given an additional 1% cash rebate if they refer each other.
Click to enlarge
<a title="Click to enlarge" rel="shadowbox" href="/images/stories/2012/09/fulton.jpg"><img src="/images/stories/2012/09/fultonthumb.jpg"></a>
The two-tower development consists of one,- two- and three-bedroom apartments.
On A’Beckett Street, one tower is due to rise 145.5 metres to 45 levels, while the other will be 90 metres over 29 levels.
Demolition of the site has just been completed, and construction of the project currently due to finish in 2014.
 
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SP Setia says the 10% deal has never been offered before for apartments in Melbourne, although Lend Lease made a similar offer in March to buyers within its Richmond project Studio 9.
A spokesperson for SP Setia did not respond to Property Observer requests for details over the past week.
Lend Lease is offering all its buyers an annual 10% return on deposits on off-the-plan apartments in its Richmond Studio 9 development.
With Lend Lease having a completion date of late 2013, buyers are earning up to $11,000 in interest.
The limited offer led to increased buyer activity, according to Lend Lease.
“We have received a high level of positive interest from both investors and owner occupiers since launching the 10% return on deposits initiative for Studio 9 and have noticed an increase in the uptake of sales as a result of the offer,” a spokesperson says.
Apartments in the Fulton Lane development range from $360,000 to $1.35 million.
SP Setia has also promised a 6% rental guarantee.
The company bought the 4,340-square-metre former car park from businessman Solomon Lew for just over $30 million in 2010.
The 810-unit was approved by Planning Minister Matthew Guy in early 2011.
The development is named after a street that was swallowed up by an expansion of the Queen Victoria Market.
The first stage was released in mid-2011, selling 70% of the 291 apartments on offer within three days, mostly to Malaysian investors. Apartments in the larger tower were first offered late last year.
SP Setia bought a 2.2-hectare site at 557 St Kilda Road in September 2011 from Lloyd Williams’ company Hudson Conway, which is due to be redeveloped as a 23-level skyscraper.
An SP Setia spokesperson did not respond in time for publication.
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Fulton Lane Melbourne residential tower offers Malaysian buyers exclusive sweeteners

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The red brick Cronulla house used as the location of the Vickers' family house in the Channel 10 series Puberty Blues (pictured below) sold at recent auction for $1,382,500.
{yoogallery src=[images/stories/2012/09/sept6puberty]}
The home, last sold 47 years ago, was very much in mint 1970s condition, including the seven different types of wallpaper, patterned carpet, coloured bathroom and wood light fittings.
The television series location manager Peter Hicks scoured for months to find the right house with authentic '70s interiors.
Inspired by the recent <a href="https://www.propertyobserver.com.au/new-south-wales/no-blues-for-the-property-market-as-70s-icon-sells/2012090956471" target="_blank">Puberty Blues series</a> – which seems set to return to our wide screens again – and the home sale, Property Observer has taken the trip back to find the top 1970s homes that are currently on the market or have recently sold.
The list is mainly populated by Victoria and New South Wales properties, but other states do get a mention. The list is organised by the style features that are indicative of a 1970s property.
 
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<h1>Orange and brown</h1>
Maybe it was all the John Lennon tinted sunglasses, but people in the 1970s loved orange and brown. The world couldn’t get enough – orange and brown pants, orange and brown carpet, orange and brown typewriters and orange and brown homes. 

<img src="/images/stories/2012/09/trentwood.jpg">
<a target="_blank" href="https://www.realestate.com.au/property-house-vic-balwyn+north-109451346">21 Trentwood Avenue, Balwyn North, Vic 3104</a> (pictured above)
In excess of $1 million
The fire, the furniture, the brown carpet and the wood veneer show this house's makeover in the 1970s. Walk into the open home day and you’ll likely hear Bee Gees’ Trafalgar pumping from the stereo. This home was actually built in the 1960s but underwent a hefty renovation in the '70s. The property was designed by Kevin Borland. The four-bedroom brick home is listed through Dawn Kay from Fletchers Balwyn North.
 
<hr class="system-pagebreak">
<h1>Exposed Brick</h1>
Brick was best, according to the 1970s psyche. Big, imposing (orange) brick walls were a key feature of Australian homes in the 1970s.

<img src="/images/stories/2012/09/vernon.jpg">
 <a target="_blank" href="https://www.realestate.com.au/property-house-nsw-hunters+hill-111544867">8 Vernon Street, Hunters Hill, NSW 2110</a> (pictured above) $3.49 million

There’s a big brick wall here, but the owners have adorned it in true '70s style with a lovely big hanging tapestry. The roof angles down leading onto a concrete entertainer's deck. Settle back in the period futon and get groovy, man. The home comes with 180-degree views over the bay. It comes with its own pool and private access to the bay. Nicholas McEvoy from McGrath Hunters Hill is listing the property.
<img src="/images/stories/2012/09/williamedward.jpg">
 <a target="_blank" href="https://www.realestate.com.au/property-house-nsw-longueville-110477853">19 William Edward Street, Longueville, NSW 2066</a> (pictured above) $1.59 million

The interior is stylistically similar to the previous property. The dining room here is framed by the big brick walls to give a homely feel. The Longueville property comes on 1,250 square metres for the true Australian dream lifestyle. It is being listed by Mary-Anne Fitzgerald from Blunts Real Estate Lane Cove.
 
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<h1>Tiled kitchens and bathrooms</h1>
Big tiles were the big thing back then, and who can blame them? Patterened tiles, striped tiles, orange tiles – anything to make a statement.
<img src="/images/stories/2012/09/hooke.jpg">
 <a target="_blank" href="https://www.realestate.com.au/property-house-nsw-dungog-109339186">112 Hooke Street, Dungog, NSW 2420</a> (pictured above) $359,000

Big and bold are the words to describe these tiles. The fern in the upper right does inject some greenery into the earth tones of the bathroom. The brick home is in Dungog, North of Newcastle. Natasha McElwaine from McElwaine Hunter Valley is selling the property.
<img src="/images/stories/2012/09/park.jpg">
<a target="_blank" href="https://www.realestate.com.au/property-house-vic-brunswick-111096111">833 Park Street, Brunswick, Vic 3056</a> (pictured above)
$1,350,000

Very similar tiles here, maybe Waltons was having a sale at the time. Offered for the first time in 28 years, this property is a blast from the past. Property Observer particularly likes the lovely blind just peeking into the frame. Property Observer notes it's not quite authentic though, with a complete lack of any Macramé. The solid-brick Californian bungalow is close to Melbourne and comes with the classic three bedrooms and two bathrooms. Chris Goulding from Barry Plant Brunswick is selling the property.
 
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<h1>Billiards and pool rooms</h1>
Someone in the 1970s decided that billiards and pool rooms were a good idea. The space-hungry rooms are a common feature of homes of this period.

<img src="/images/stories/2012/09/belmont.jpg">
<a target="_blank" href="https://www.realestate.com.au/property-house-vic-surrey+hills-111303151">5 Belmont Street, Surrey Hills, Vic 3127</a> (pictured above)
$1. 4 million

There’s ample room to play a few rounds of pool around this table, there’s no need to buy shorter cues, which are so often required in pool rooms. The generous space is a sure feature from the '70s. The four-bedroom Surrey Hills home comes has no shortage of space at all, as it’s set on 1,139 square metres. It’s being sold by Loger Chen and Janssen Xiang from Aussie Home Real Estate Kew.
<img src="/images/stories/2012/09/robinson.jpg">
<a target="_blank" href="https://www.realestateview.com.au/Real-Estate/18-20-robinson-place-portsea/Property-Details-buy-residential-3732841">18-20 Robinson Place, Portsea, Vic, 3944</a> (pictured above) $1.6 million

Big pool room, big tiles, orange stylised furniture – this has to be the feature home on our list. The wood-panelled roofing leading out into the entertaining area is lovely. The four-bedroom home comes on 2,000 square metres and is close to the local tennis and golf club. It’s being sold by Ilze Moran and Lloyd Robinson from RT Edgar Portsea.
 
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<h1>Fireplaces</h1>

Home builders in the 1970s loved their fireplaces. If there’s one way to quickly tell if a home was built in the 1970s, rush to the lounge room and see if there’s an open fireplace. Big and brick and likely orange.

<img src="/images/stories/2012/09/clarke.jpg">
 <a target="_blank" href="https://www.realestate.com.au/property-house-sa-walkerville-108186616">6 Clarke Street, Walkerville, SA 5081</a> (pictured above) $875,000 to $950,000 Built in the 1970s, this home was recently renovated to bring it up to date. But it’s been tastefully done and keeps its original styling cues. White walls started to creep into fashion in the 1970s as architects advocated large modern-looking rooms. The original builders took an interesting take on the requisite 1970s fireplace and have made it a feature point of the open-plan dining and lounge room. It’s being sold by Judy Morris from Klemich Real Estate.
<img src="/images/stories/2012/09/small.jpg">
 <a target="_blank" href="https://www.realestate.com.au/property-house-nsw-woollahra-111201083">13 Small Street, Woollahra, NSW 2025</a> (pictured above) Above $2 million

There’s some '70s-influenced styling here with the fireplace and the Organic-style architecture. It comes with views over the city skyline, which would have looked somewhat different in the 1970s. The rest of the house is furnished with period furniture and detailing. It’s being sold by Walter Antonelli from Raine &amp; Horne Double Bay.
 
<hr class="system-pagebreak">
<h1>Trippy patterns</h1>


Stare at some of the patterns around in the 1970s long enough and you’ll eventually lose your mind. There’s nothing subtle about the carpets and wallpaper around at the time.
<img src="/images/stories/2012/09/watts.jpg">
 <a target="_blank" href="https://www.realestate.com.au/property-house-vic-mount+eliza-108199666">44 Watts Parade, Mount Eliza, Vic 3930</a> (pictured above) $950,000

What a kitchen. Property Observer likes the styling and the big floor tiles. The kitchen is in a three-bedroom Mount Eliza home absolutely full of 1970s furniture. The property is being sold by James Crowder from Community Real Estate Mount Eliza.
<img src="/images/stories/2012/09/sheoke.jpg">
 <a target="_blank" href="https://www.realestate.com.au/property-house-vic-sorrento-107134026">5 Sheoke Grove, Sorrento, Vic 3943</a> $675,000

This Sorrento property hasn’t been touched in a long time. There's wonderful wooden bedheads. The zig-zag carpet is unrelenting yet mesmerising. And then to complete the magic eye illusion, it’s offset by the fluoro curtains. The brick home is set on 776 square metres of land. It’s being sold by Liz Jensen from Kay &amp; Burton Portsea.
 
<img src="/images/stories/2012/09/yarrabat.jpg">
 <a target="_blank" href="https://www.realestate.com.au/property-house-vic-balwyn-108169516">97 Yarrbat Avenue, Balwyn, Vic 3103</a> (pictured above) $ Undisclosed

This home was originally designed by  Dale Fisher, an Australian architect active through the 1970s. It has made use of the classic '70s wallpaper, but it’s used in restraint and works quite well. The interior of the home is like a museum of 1970s styling. The four-bedroom home comes on 1,812 square metres of land in Balwyn. It recently sold through Diana Healy from Jellis Craig Hawthorn.
 
<hr class="system-pagebreak">
<h1>Outdoor spaces</h1>
Entertaining has always been an Australian tradition, and this was no different in the 1970s. The spaces there were built to 1970s tastes.

<img src="/images/stories/2012/09/helenslea.jpg">
 <a target="_blank" href="https://www.realestate.com.au/property-house-vic-caulfield+north-111417947">7 Helenslea Road, Caulfield North, Vic 3161</a> (pictured above) 

This is a classic 1970s outdoor space. The deck is concrete tiled, and the angled roof comes down to give a small timber-clad covering to half of it. The patio looks out to the expansive backyard and into the family room. The home has been updated over the years, but the undeniable soul of the '70s remains. The four-bedroom Caulfield North home is set on 835 square metres and comes with a kosher kitchen and an undercover car port.

<img src="/images/stories/2012/09/nelson.jpg">
 <a target="_blank" href="https://www.realestate.com.au/property-house-wa-bedfordale-110374989">30 Nelson Street, Bedfordale, WA 6112</a> $559,000

That façade is so '70s it must have been designed right about the time Gough Whitlam was sacked by John Kerr. The façade is from a five-bedroom brick home on 5590 square metres in the semi-rural suburb in the south-east of Perth, Bedfordale. It’s being sold by Sam Saffioti from Roleystone Real Estate Roleystone.
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Got the right day but got the wrong week: the 14 houses living in the '70s

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A while ago I discovered the money secret that separates the wealthy and successful property investors from the average Australian. I found out the biggest obstacle that stopped some people becoming wealthy, and I would like to share my findings with you.
Over the last 12 years I have been conducting property seminars around Australia and south-east Asia. I have been teaching how I have grown my own very substantial property portfolio and how many of my students and our clients at Metropole had used property to develop financial independence.
Some of my seminars have lasted a few hours, others a full day and at times I conducted three- and five-day intensive workshops.
Yet the results have always been the same.
The attendees always got loads of information, tips and tricks. Some people took action after these events and got outstanding results. Yet others who sat right next to these action-takers went home and didn’t do anything different to before.
This always disappointed me, and I wondered what I could do better.
Initially I thought I had to give them more facts, additional tips or extra information.  So I packed even more into my seminars, but the results didn’t change.
What was it?
As I studied this phenomenon I came to realise that it wasn’t the quality of the information that stopped some people taking action. It was something inside them – their mindset or what I call their “financial thermostat.”
We all have a financial thermostat inside us that determines the level of wealth we are comfortable with.
What level is your financial thermostat set for?
For example, Donald Trump has his financial thermostat set to billions. Imagine if he was “only” a millionaire. He would feel poor, wouldn’t he?
Some people have their thermostat set for millions of dollars, others for thousands. The average Australian has their financial thermostat set very low.
The problem is that if your financial thermostat is set for a low level, then the way you think and the way you behave will keep you poor.
Even if you have all the information, even if you know all the steps to take, things like fear and doubt will hold you back.
We’ve all heard of people who have come into money, such as lottery winners, and lost it because they just couldn’t handle it. Your wealth usually shrinks back to the amount you can handle.
It’s been said that if you took all the money in the world and divided it equally amongst everybody, it would soon be back in the same pockets it was before. I’m sure that is correct. It is hard to keep that which has not been obtained through personal development.
What this means is that most people will never develop the wealth they truly deserve because their financial thermostat, which was programmed to a low level of wealth when they were children, holds them back.
We are not born knowing how to “do money”. We are all programmed by our parents, our teachers, our culture, our religion, our peer group.
This means that in general we have been programmed by unwealthy people.
Take a minute to think about what you were taught about money.
What did you hear from your parents about money and rich people? 
Did you hear things like: Money doesn’t grow on trees. Money is the root of all evil. Rich people are greedy and selfish. Money won’t make you happy. Money isn’t that important anyway.
Do any of those sound familiar?
What did you see at home about money when you were young?
We learn a lot about how to behave in all areas of our lives by modelling our parents. So how were your parents when it came to money?
Did they argue about money? Was one more of a saver or was one a spender and free with money? Were they good money managers or did one or both mismanage money?
It’s interesting how many of us end up becoming so much like our parents in the arena of money. Unless we were very angry as a child and then we tended to rebel and become the opposite of our parents.
How did your parents behave around money when you were young?
Your experiences around money as a child also affect how you were programmed.
Have a think about it.
Did money mean happiness or did money mean arguments when you were young? Was money ever used as a substitute for love or as a form of bribery?
For most of us the subconscious programming we received as a child was and continues to be disempowering.
 
<hr class="system-pagebreak">
 
Your limiting wealth beliefs
These limiting wealth beliefs were instilled in us when we were children and at the time they seemed very true, but they are no longer relevant to us today.
If your experiences were like mine, the people who taught you about money – your parents, your grandparents, your teachers – had the best intentions. They wanted you to succeed financially.
Unfortunately, since they had never been taught about how money really works, all they could pass on was their own beliefs systems, often based on scarcity rather than the abundant thoughts that are necessary to feel truly wealthy.
The end result is often a raft of disempowering beliefs about money and wealth and rich people.  Beliefs that are neither true nor false, nor wrong or right. Your beliefs are your beliefs and they work at a subconscious level.
But your beliefs can be empowering or disempowering.
Most Australians will never become rich because of their beliefs.
At some level they believe that rich people and/or money are bad. Or that wealth is beyond their reach. Or that they do not deserve to become wealthy.
Then they find ways of justifying to themselves why they don’t want to become wealthy, or why they don’t deserve to become wealthy.
For things to change in your life, you must change first. You must pinpoint the negative or limiting wealth beliefs that are holding you back from reaching your true potential.
So how do you move forward?
How do you get yourself to take action? You will need to do four things:
1. Develop awareness
The first step is to evaluate your current position. How are you going financially?
Become aware of what’s good – the thoughts, actions and behaviors you want to keep and what’s bad – the things you want to change. Which of your beliefs are not working for you? What lessons about money and wealth were handed down to you many years ago, but have not been updated for your current needs.
2. Discard your non-empowering beliefs
Now that you understand that some of your beliefs about money and rich people are holding you back it’s time to discard your non-empowering beliefs.
 
<hr class="system-pagebreak">
 
3. Develop new beliefs
You then need to adopt the belief systems of successful people. Model yourself on other successful people – people who have already achieved what you want to achieve.
For you to lose weight you would not only need to adopt the actions and behaviours of someone else who lost weight. To keep your weight off in the long term, you would also need to learn to think like a slim person thinks.
The fastest way for you to become financially successful is for you to adopt the thoughts and behaviours of people who are already financially successful. What do these people do differently? And it’s not just the steps they take; it’s what they believe and how they think about money and wealth.
4. Take action
Now it’s time to act on your new positive beliefs. It’s called be, do, have.
You become the person you want to be as soon as you start thinking and acting like that person. If you want to become wealthy, become wealthy in your mind first (be that person). Then do what wealthy people do – act wealthy. In turn, your will have what wealthy people have.
Wealth is a result…
It’s a result of your thoughts and beliefs, which lead to your actions.
It is important for us to understand that we are all fully responsible for our financial results.
If things aren’t working out the way you want them to, you need to stop taking the easy way out and blaming outside factors. It’s not your boss’s fault, nor is it the government or interest rates. It’s not even the lack of content or secrets at Michael’s seminar.
And you need to stop justifying why you are not financially successful.
Most of what you have today you have attracted by becoming the person you are today. If you want things to change in your life financially, you must change first.
The good news is that your life can change because you can change. When we throw out our blame list and start becoming more of ourselves – interestingly, everything will begin to change around us.
Michael Yardney is the director of <a target="_blank" href="https://www.metropole.com.au/">Metropole Property Investment Strategists</a>, a best-selling author and one of Australia's leading experts in wealth creation through property. He also writes the<a target="_blank" href="https://propertyupdate.com.au/category/property-investment/"> Property Investment Update blog.</a>
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You can become as wealthy as you want to be through property investment

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Kathy Lette, author of Puberty Blues, has expressed hope there may be a second series of the Channel 10 series set in the 1970s in the Sutherland Shire in Sydney.
<a target="_blank" href="https://twitter.com/KathyLette"><img src="/images/stories/2012/09/pubertytweet.jpg"></a>
It was her 1979 novel that was the basis for a highly successful TV series portraying Australian beachside culture in the 1970s.
The eight-episode ratings hit concluded this week. A second series would show the continuing relationship between Debbie Vickers, Susie Knight and the Greenhills Gang.
Meanwhile,<a target="_blank" href="https://www.propertyobserver.com.au/residential/flicker-3-got-the-right-day-but-got-the-wrong-week-14-houses-living-in-the-70s/2012091856533"> take a look at the homes found by Property Observer that are still living in the '70s.</a> They could be used as a likely locations if the recently sold Cronulla house used as the Vickers home location gets modernised by its recent buyers.
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