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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<img src="/images/stories/2012/08/5point08percent.gif">
The rental yield for houses in regional Victoria, according to Residex. The median house rent is $315 per week, which is exactly the same as this time last year.
 
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<img src="/images/stories/2012/08/5point29percent.gif">
The rental yield for houses in regional South Australia, according to Residex. The median house rent is $255 per week, which is up 2% from this time last year.
 
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<img src="/images/stories/2012/08/5point49percent.gif">
The rental yield for houses in regional New South Wales, according to Residex. The median house rent is $360 per week, which is up 3.45% from this time last year.
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<img src="/images/stories/2012/08/5point5percent.gif">
The rental yield for houses in regional Tasmania, according to Residex. The median house rent is $270 per week, which is up 3.85% from this time last year.
 
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<img src="/images/stories/2012/08/5point58percent.gif">
The rental yield for houses in regional Queensland, according to Residex. The median house rent is $390 per week, which is up 4% from this time last year.
 
<hr>
 
<img src="/images/stories/2012/08/5point74percent.gif">
The rental yield for houses in regional Western Australia, according to Residex. The median house rent is $375 per week, which is 13.64% up on this time last year.
<hr>
<img src="/images/stories/2012/08/5point88percent.gif">
The rental yield for houses in regional Northern Territory, according to Residex. The median house rent is $540 per week, which is up 4.85% from this time last year.
<a target="_blank" href="https://www.propertyobserver.com.au/landlords/melbourne-s-395-is-lowest-of-capital-city-house-rental-yields-residex-state-by-state-analysis/2012082156145">Residex has also compiled a list of house rents for landlords in capital cities.</a>
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Victoria's regional house landlords reap $315 a week: A state-by-state rental yield analysis: Residex

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The building and telecommunications industries are expected to pick up in the next few years as the mining sector slows, although other businesses are set to struggle, according to a new report. 
BIS Shrapnel has released forecasts for resources, health services, telecommunications, wholesale trade, building, education, retail, manufacturing, utilities and administration. 
According to BIS Shrapnel, mining investment will continue to underpin activity over the next few years. 
“Mining investment will continue to grow, albeit more slowly, for a few years yet,” says BIS Shrapnel chief economist Dr Frank Gelber. 
But as mining investment peaks in 2014 and starts to decline, non-mining investment will stabilise and start to pick up, taking over as the engine of growth, BIS Shrapnel said in its report. 
Stock shortages, population growth and lower interest rates should stimulate the housing market and dwellings investment, according to the report. 
Meanwhile, non-mining businesses “are not investing enough”. Current economic growth will eventually absorb excess capacity, prompting the next round of business investment. 
“That will impact on the performance of different industries,” Gelber says. 
BIS Shrapnel expects the building industry to gradually improve, supported by a recovery in dwellings building from late this year. 
Next year, non-dwelling building should also pick up as supply tightens after many years in the doldrums. 
“And, remember, mining investment is still rising,” Gelber says. 
“That means overall investment in the construction industry should grow strongly over the next year, but employment will remain subdued.” 
Another area where investment is set to expand rapidly is in telecommunications. 
This is consistent with recent announcements by Telstra, and will be further supported as the private sector invests to take advantage of the National Broadband Network. 
This investment will be accompanied by increased output and employment in the telecommunications industry. 
Meanwhile, education is likely to stabilise after contracting for several years. 
The annual value of exports of education services has fallen by nearly 20% over the past two years, according to BIS Shrapnel, to below $15 billion from $18 billion in 2009-10. 
This is due to the fact that the number of foreign students in Australia has plummeted, deterred by the high Australian dollar, the weak global economy and regulatory changes in Australia. 
While these factors are still in play, and are therefore depressing the level of activity, BIS Shrapnel does not expect them to become any more intense. 
As a result, growth in the education industry should return, supported by ongoing demand from Australian students as the population grows and government spending on education increases. 
Retail should also continue its recent recovery, supported by the current low level of interest rates, increased household incomes and continued growth in domestic demand more generally. 
The generally improved conditions should benefit transport, postal and warehousing industries. 
The accommodation industry is a mixed bag, with CBD hotels benefiting from strong business travel, but tourism continuing to be affected by the high dollar. 
The high dollar – coupled with rising production costs and weakness in key international markets – will also continue to weigh heavily on the majority of manufacturing industries. 
However, some sub-sectors are benefiting from the mining investment boom, while other sub-sectors will benefit from increased building. 
“Nevertheless, we expect low output growth in manufacturing over the next year, with further declines in profitability, investment and employment,” the report says. 
Output growth in the electricity, gas and water industries should also remain subdued as businesses and consumers continue to look for ways to cut their energy usage amid rising costs.
This article originally appeared on <a href="https://www.startupsmart.com.au/" target="_blank">StartupSmart</a>.
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Building and telco sectors set to lead post-mining surge: BIS Shrapnel

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Ahead of an expected pick-up in residential sales activity in the established housing market in spring, developers and builders are offering a range of incentives to encourage new home buyers.
Incentives include cash handouts, new cars, free house upsizings and zero deposit home loans.
The freshest offering, commencing on September 1, is a $10,000 cheque Stockland and participating building groups will give to buyers in four of its NSW residential communities.
Buyers will be able to spend the money as they choose, following research by social research group Ipsos Mackay that – among other things – found that childcare and healthcare costs are a growing burden and that government handouts and hand-ups are going to the wrong places.
“Stockland’s spring offer reflects this ‘real’ mentality by letting buyers chose how and when they wish to use $10,000. Unlike other offers on the market, it is completely flexible so customers may choose to pay bills, top up their savings account or take a much-needed holiday,” says Matthew Mears, Stockland’s general manager of NSW residential development.
Here’s a round-up of some of the more prominent special offers from new housing developers and builders:
 Stockland’s $10,000 “reality cheque”
From September 1 to October 21 new buyers in four Stockland NSW residential communities – <a href="https://www.stockland.com.au/residential/nsw/mckeachies-run-living-at-mcKeachies-run.aspx" target="_blank">McKeachies Run in Maitland</a>, <a href="https://www.stockland.com.au/residential/nsw/murrays-beach-living-at-murrays-beach.aspx" target="_blank">Murray’s Beach on Lake Macquarie</a>, <a href="https://www.stockland.com.au/residential/nsw/brooks-reach-living-at-brooks-reach.aspx" target="_blank">Brooks Reach in the Illawarra</a> and <a href="https://www.stockland.com.au/residential/nsw/bayswood-living-at-bayswood.aspx" target="_blank">Bayswood at Vincentia on the NSW south coast</a> – will receive $10,000. The money will be paid on settlement comprising $5,000 from Stockland and a further $5,000 from participating builders, including Barrington Homes, Clarendon Homes, Eden Brae Homes, Huxley Homes, Masterton, McDonald Jones Homes, Perry Homes and Trevelle Homes. A home-and-land package (three-bedroom, two-bathroom home with garage) starts from $323,950 at Brooks Reach.
Free Toyota worth up to $40,000 from Peet
Listed property developer Peet has extended its offer of a free Toyota car to September 2 to house-and-land buyers who purchase select blocks of land in one of <a href="https://www.peet.com.au/freecar/qld/lotsbonus.aspx" target="_blank">five Queensland communities</a> and one of <a href="https://www.peet.com.au/freecar/vic/" target="_blank">eight communities in Victoria.</a> Developments include Flagstone Rise in the Brisbane south west suburb of Jimboomba, with house-and-land packages from $345,000. A Toyota Yaris worth $19,000 is being offered on select blocks of land in this development starting from $162,000 for a 685-square-metre block. Other more expensive select blocks in other estates come with a free Toyota Kluger ($40,000) or Rav4 ($29,000).
Devine to pay new buyers up to $10,000 on completion
Listed developer Devine will <a href="https://www.devinedouble.com.au/" target="_blank">double the deposit paid on any new Devine house-and-land package or on a Devine home</a> built on the buyer’s own land up to a maximum of $10,000. The offer is valid for approved purchasers who sign an unconditional contract for sale with Devine for a new Devine house up until September 30, 2012. Devine will pay the buyer the value of their deposit within 10 days of completion up to a maximum of $10,000. Buyers still need to obtain finance for the full balance purchase price in order to settle.
Free upsize offer valued up to $16,000 for buyers of some Burbank Homes
Queensland and Victoria home builder Burbank is offering new home buyers a free size upgrade from a <a href="https://burbank.com.au/promo/Upsize/" target="_blank">28-square-metre home to a 31-square-metre home in 21 display locations</a> up until November 1. Homes that qualify for a free upgrade include the <a href="https://www.burbank.com.au/HouseDetails.aspx?ID=82" target="_blank">Ascent design</a>, where buyers can save around $10,000 on an upgrade and the <a href="https://www.burbank.com.au/HouseDetails.aspx?ID=183" target="_blank">Scarborough design</a>, where savings are up to $16,000. Other homes included in the promotion are the Attenborough, Evolution, Clemson, Freeman and Durham designs.
$0 deposit offer from Perth builder HomeStart
<a href="https://www.homestart.net.au/no-deposit-homeloans" target="_blank">HomeStart is offering a no deposit home loan</a> to new home buyers sourced through credit provider Harrisdale Pty Ltd trading as The Loan Company. The Perth home builder offers house-and-land packages starting from $230,000. HomeStart is part of the privately owned Buckeridge Group of Companies (BGC), one of the largest home builders in WA.
Carlisle Homes offering $10,000 incentive on select purchases in Warralily
Victorian builder Carlisle homes is offering a $5,000 discount for buyers who purchase a Hansen, Westbury Mk2, Savannah &amp; Ascot home and build in the <a href="https://www.carlislehomes.com.au/special-offers" target="_blank">Warralily masterplanned residential community</a>, a  joint development by Casey Capital Partners and Newland Developers near Geelong. In addition, Warralily Estate will also offer a $5,000 rebate on selected lots in Warralily Estate.  First-home buyers can save up to $17,000 if they qualify for the $7,000 Victorian government first-home buyers' grant.
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lschlesinger-FZcF9M3vE6

New cars, $10,000 cheques and free home size upgrades:  Six spring incentives from house-and-land developers and builders

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According to the recently released National Accounts data for March 2012, mining activity accounted for 7.7% of the country’s Gross Domestic Product (GDP).

Although this may not sound overly significant, the only other items that contributed a greater amount to overall GDP were: financial and insurance services (9.8%), ownership of dwellings (8%) and construction (7.8%). Note that ownership of dwellings is reflective of the value of all dwellings plus other items, including agency fees, repairs and maintenance, loan application fees and other miscellaneous expenses.
Despite the fact that mining accounts for 7.7% of Australia’s economic growth, employment data from May 2012 shows that only 2.4% of Australians are employed in mining. Of course the number is likely higher when you consider services with links to mining. However, it is clear that the size of the workforce is not commensurate with the sectors current importance to economic growth.
Click to enlarge
<a href="/images/stories/2012/08/rpaug272.gif" rel="shadowbox" title="Click to enlarge"><img src="/images/stories/2012/08/rpaug272thumb.gif"></a>
The first chart shows that despite the magnitude of the current mining and resources boom, mining’s overall contribution to GDP has changed very little over the past 25 years.
Based on this figure it is clear that the mining sector is currently a very important component of Australia’s economic growth and intertwined with that is the importance of the housing sector, with ownership of dwellings accounting for 8% of GDP.
Across the housing market a majority of regions detailed have recorded an increase in median selling prices over the past 12 months. In the most extreme example, <a href="/news">median selling prices have risen by 30.7% over the year across the Isaac council area</a>, which takes in much of Queensland’s Bowen Basin. The Whitsunday region, including the towns of Bowen and Port Pirie, is the only region that has recorded a decline in median selling price.
Over the past 10 years all regions except Muswellbrook (9.7% pa) and Kalgoorlie/Boulder (9.6% pa) have recorded average annual growth in median selling price in excess of 10%pa. Once again, Isaac is the standout with median prices increasing at an average annual rate of 32.3%.
Rental rates have also shown robust growth over recent times, highlighting the impact that a lack of new housing supply can have on some of the boom mining towns. Rents have increased over the past year across each region except Port Pirie and have risen by 88.2% across the Isaac council region.
Click to enlarge
<a title="Click to enlarge" rel="shadowbox" href="/images/stories/2012/08/rpaug273.gif"><img src="/images/stories/2012/08/rpaug273thumb.gif"></a>
Across the unit market there is typically a much lower supply of properties in these mining regions than there is for detached houses. While most of the council areas detailed recorded an increase in median house price over the year, median unit prices fell or were unchanged in nine of the 14 regions detailed. Despite the typically sluggish growth in prices over the past year, most have recorded strong increases over the past 10 years, albeit not typically as strong as the growth in house prices.
 
<hr class="system-pagebreak">
Unit rental rates have generally recorded quite strong increases over the past 12 months across the regions. This is likely due to the fact that unit rents are typically cheaper than those of detached houses and with many companies becoming more conscious of the costs associated with housing mining employees they are looking for more affordable alternatives such as units.
 
Click to enlarge
<a title="Click to enlarge" rel="shadowbox" href="/images/stories/2012/08/rpaug274.gif"><img src="/images/stories/2012/08/rpaug274thumb.gif"></a>
Overall, many of the major regions linked to the mining and resources sector have recorded increases in both median sales prices and rental rates over the year. With commodity prices seeming to have recently peaked, based on the RBA Commodity Price Index prices are down by 9.8% from their peak. Despite the recent fall, thanks to the surge in commodity prices since early 2009, the index remains 13.2% above the previous September 2008 peak. Whether the fall away in prices is enough to dampen the sector is yet to be seen.
Click to enlarge
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A number of miners have already flagged that they are going to cut back on spending and some have already announced job losses. With the rate of growth in the Chinese economy slowing to a more sustainable pace it will be important to see what impact these factors have on mining communities over the coming year.
Cameron Kusher is senior research analyst at <a target="_blank" href="https://www.myrp.com.au/">RP Data.</a>
This article originally appeared on <a href="https://www.smartcompany.com.au/index.php" target="_blank">SmartCompany</a>.
Photo of Parker Point loading facility Western Australia courtesy of Rio Tinto.
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Property ownership contributes more to Australia's GDP than mining: Cameron Kusher

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<img src="/images/stories/2012/08/350k.gif">
The net annual rental that Furniture &amp; Bedding will pay to lease a 9,601-square-metre office and warehouse facility at Clayton in Melbourne’s south-east. Director of Savills Notting Hill office Lynton Williams negotiated the three-year deal at 106 Fairbank Road on behalf of a private investor.
 
<hr>
 
<img src="/images/stories/2012/08/42k.gif">
The net gross face rent per annum that L.F Fitness For Fun Pty Ltd will pay to lease a brand new 275-square-metre showroom at 343 Reserve Road, Cheltenham. The lease is for five years plus renewal options. The lease was negotiated by Sasan Misaghian from Colliers International. The lessor is Keasment Pty Ltd. The showroom is part of a development featuring five recently built showroom/warehouses located just off Bay Road and in close proximity to Neapean Highway.
 
<hr>
 
<img src="/images/stories/2012/08/656110.gif">
The net rental income Bunnings is paying on a 10-year lease of a 20,090 square metre bulky goods site at 220 Jubilee Highway, Mount Gambier, in South Australia. The lease expires in August 2010. The site features a 5,124-square-metre showroom, 1,765-square-metre timber yard and 1,386-square-metre outdoor nursery. The property is being sold by Jamie Guerra and Stephen Bolton from Jones Lang LaSalle via expressions of interest closing September 20. The Bunnings lease agreement features 3% annual increases with market reviews every five years.
 
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<img src="/images/stories/2012/08/495.gif">
The initial gross rent per square metre per annum that forensic accounting firm Jirsch Sutherland will pay on a two-year lease at Level 9, 23 O'Connell Street, Sydney. The deal for the 368-square-metre whole floor was negotiated by Ray White Commercial’s John Skufris. The O’Connell Street tenancy is owned by Accord Pacific Resorts and offers natural light from two sides. The tenancy includes a reception and waiting area, a boardroom, meeting rooms and executive offices plus its own amenities as well as the availability of additional storage space.
 
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<img src="/images/stories/2012/08/159.gif">
The annual rent per square metre that Gemini Accident Repair Centre will pay to lease 1,663 square metres at 24 Herbert in Artarmon on Sydney’s north shore. The lease term is five years plus a five-year renewal option and was negotiated by Brad Sutton of Sutton Anderson.
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Commercial leasing: Sydney’s Furniture & Bedding signs $350,000 lease

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The reverse auction of the historic Burrawang Café in the Southern Highlands held on Sunday attracted three registered bidders and a large crowd came to watch but it failed to sell.
The auction was called by well-known  auctioneer Damian Cooley and set aside when the price fell to $1.5 million, having begun at $1.68 million.
Local Southern Highlands agent Rick Mooney from Raine &amp; Horne, who holds the listing, is currently in negotiations with all interested parties and hopeful of achieving a sale shortly.
Under a reverse auction, the price starts at market value (set by the vendor) – above the reserve price – and decreases until a bid is placed that is the winning bid. The winning bid is the first bidder to put their hand up.
Cooley used the visual aid of a red and green light to conduct the auction.
When the price reached the vendor’s bottom line, a red light was displayed and the auction stopped. While the green light was on the property could still be bought during the auction.
The property, at 11 Hoddle Street in Burrawang, had last traded for $690,000 in June 2002, according to RP Data records.
“There was a terrific crowd of over 150 people, which for Burrawang is an enormous turn-out," Cooley tells Property Observer.
“Although it did not sell at auction, it was a great success and a credit to Raine &amp; Horne Bowral for their marketing.”
The café has been listed for sale since July last year with an original asking price in excess of $2 million.
Prior to the auction, a spokesperson for NSW Office of Fair Trading confirmed to Property Observer that there was “nothing unlawful about conducting an auction of residential property and rural land using the reverse auction process as long as all statutory obligations are met”.
However, the spokesperson said a there may be “a number of practical difficulties” the most obvious being where two bids are made at the same price by different registered bidders”.
“If this were to arise, the auction conditions would need to deal with how to resolve the matter.”
In this regard, Cooley said it would be up at his discretion and he would accept the bid in which in his opinion is in the best interest of the vendor.
“If there is a dispute in the bidding the auctioneers/my decision is final.”
<a href="https://www.propertyobserver.com.au/auctions/southern-highlands-burrawang-cafe-reverse-auction-not-the-first-but-still-stirring-up-debate/2012072055673" target="_blank">Burrawang Cafe is located in the main street of Burrawang, about 12 minutes to Bowral.</a>
It dates back to the 1860s and has been fully restored.
The café and Bower Cottage (also of 1860s vintage) stand on a half-acre (0.2-hectare) block, and both are currently leased on rolling monthly leases.
Burrawang General Store Cafe is a fully operational 100-seat timber restaurant featuring floodlit barrel ceilings. It is fully licensed and includes a 3,000-bottle cellar, a landscaped and manicured English garden and a separate office.
Bower Cottage is a fully renovated three-bedroom weatherboard home on the same title complete with a promenade balcony and polished floors. It features a living and dining area with garden views, a fireplace with access to an alfresco entertaining area. It also includes a separate studio.
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No takers for Burrawang Café in Southern Highlands as reverse auction stops at $1.5 million

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One particular bidder was very keen to secure an Eaglemont home on more than 2,000 square metres this weekend.
For those who want to have a harmless punt, there's now a tipping website, <a rel="nofollow" href="https://www.propertytycoon.com.au/" target="_blank">www.propertytycoon.com.au</a>, where punters can guess auction five results in Melbourne and Sydney, with no outlay. It's mostly about testing your market knowledge with a small cash prize as a sweetener.
An opening bid of $3 million kicked off the auction at 38 Carlsberg Road, Eaglemont (pictured below), but it was the only bid from that bidder. It was left to two other bidders to move the auction closer to the vendor's reserve.
<img src="/images/stories/2012/08/eaglemont.jpg">
One bidder was hell-bent on securing the house on half an acre and threw out a massive final bid of $75,000 to knock out the under-bidder. Sensing the buyer had more money up his sleeve David Oster from Jellis Craig passed the property in at $3.4 million and started some negotiations behind closed doors. The strategy proved to be spot on, as a sold sticker appeared on the board a short time later and contracts were signed at $3.58 million.
<img src="/images/stories/2012/08/powell1.jpg">
The scene was set for a big result at 6 Powell Street, Neutral Bay (pictured above), when nine bidders registered their intention to bid. The vendor was not disappointed as the auction flew past the $2 million reserve and most bidders were knocked out of contention before they even had a chance to put their hands up. In the end only four bidders entered the fray before the property was sold for $2,226,000.
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A big result for Neutral Bay renovator’s delight, and Eaglemont auction sale secured behind closed doors

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Reserve Bank governor Glenn Stevens appeared before the House of Representatives Standing Committee on Economics on Friday. In his opening statement, the governor set out the RBA’s economic assessment. Naturally, the themes were along the lines of those outlined in the RBA’s quarterly Statement on Monetary Policy, published a fortnight ago. In short, the RBA judges that the Australian economy has been growing close to trend over both the second half of 2011 and up to the middle of 2012. This allows for the likelihood of a more moderate expansion of real GDP in the June quarter than in the March quarter. Growth at around trend pace accords with the RBA’s expectations. Consistent with trend growth, the rate of unemployment remains essentially unchanged from this time last year. On prices, core inflation has moderated to about 2% and the RBA expects inflation to remain consistent with the target. The exchange rate appreciation has had a significant impact on prices for traded goods, but this dampening effect is starting to wane. This will require that the more moderate growth of domestic costs and prices that we have seen will need to continue in order for inflation to remain consistent with the target. On the world economy, the governor emphasised both the risks and that the global slowing to date has “been of the more ordinary variety”. Growth for the world as a whole is close to its long-run average and the IMF forecast for world GDP growth of about 3.5% for this year seems reasonable, although the risks seem weighted to the downside. The governor’s discussion of the Australian economy looked ahead to the peak of resource investment within the next couple of years, as was outlined in the SoMP. The expectation is that growth will still be close to trend, albeit with a different composition (with exports, residential and non-residential construction starting to pick up). Committee chair Julie Owens, a member of the government, opened the Q&amp;A with four leading questions, each of which invited the governor to acknowledge that the Australian economy is performing reasonably well, notwithstanding suggestions to the contrary. Not surprisingly, the governor obliged, agreeing with the proposition of these questions. The governor continues to see the economy as a “glass half full” and referred to his most recent speech of July 24, “The Lucky Country”, where he put the case that Australia is relatively well placed to withstand perceived downside risks. Other questions focused on the currency, the labour market and the mining boom. There were a few key take-outs on these issues. The governor judges the Australian dollar to be “a bit on the high side” but “not dramatically so”. In terms of the risks to the economy, the question was if the dollar was a “long way above” fair value and whether it was above fair value for a “long time”. The governor noted that the RBA has not intervened in the currency market and the tone of his comments could be interpreted as implying that, given current circumstances, there is no plan to do so. As for intervention by the Swiss National Bank, the governor noted the differences between Switzerland and Australia. In an earlier question, on forecasting, the governor referred to the difficulty of predicting the impact of shocks to the economy. He cited the current strength of the Australian dollar despite declines of the terms of trade. With the dollar not playing its normal shock-absorber role, there are important implications for the economy. The governor suggested that it is not inconceivable that the Australian dollar could go higher (due to safe haven effects and generally high rates of return in Australia). The RBA views the labour market not only in terms of national averages, but also sees the labour market as a “patchwork”. The RBA tracks the dispersion of the unemployment rate across regions. This shows that the labour market is currently not more of a patchwork than normal. The governor is surprised that dispersion is not bigger and noted that it could get bigger. On the mining investment pipeline, the RBA’s view on the outlook has not changed in response to recent announcements. The RBA has long expected that the peak of the investment phase will be in the next couple of years and that mining investment as a share of GDP will reach around 9% of GDP. The next phase will be the boost to mining output, the export upswing. As for the Westpac view, we were not surprised by the governor’s comments. Moreover, there was no discernible market reaction to the testimony. In our judgement, additional interest rate relief will be required to ensure robust growth of the Australian economy during 2013. We expect world growth to be sub-trend this year, forecasting a slowing to just 2.8%. The Australian labour market is likely to be soft over the remainder of this year, with the unemployment rate rising to a forecast 5.7%. Structural change, reinforced by the current strength of the Australian dollar despite lower global commodity prices, tighter fiscal policy, both at the state level and federally, household sector deleveraging, and ongoing caution against the backdrop of global uncertainty are all weighing on job prospects. Our central case forecast is for the RBA to reduce the cash rate to a low of 2.75% by the first quarter of 2013, but with the next move not until the December quarter given the RBA’s current wait and see approach.
Bill Evans is chief economist of <a href="https://www.westpac.com.au/" target="_blank">Westpac</a>.
This article originally appeared on <a href="https://www.businessspectator.com.au/" target="_blank">Business Spectator.</a>
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More RBA interest rate relief needed to ensure robust economic growth

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Retirement investors need to learn an approach called portfolio optimisation.
It’s something the professional fund managers aim for, but they create funds that suit many investors, whereas you can tailor a portfolio that is optimised for your own needs.
There are three factors in portfolio optimisation, a concept that is the specialty of the RP Data-Rismark economist (and Yellow Brick Road director) Christopher Joye.
The first is your target return. This is the return you want from all of your investments when you retire. Start with an actual sum so you can track back and find the annual rate of return you are aiming for.
This is where you start deciding what kind of assets and what kind of yields are in your portfolio.
Which brings us to the second factor: your risk.
There are many ways of defining risk, and many that are marketed to us.
But if you are not a professional I think it’s quite reasonable to see risk like this: it’s the risk that you won’t get back as much as you put in.
This is not scare mongering. As you age, you have less margin to earn back the money you lost on an investment and the risk you face is that you might go backwards when you can’t afford to.
The third factor in portfolio optimisation is one of correlation. That is, you can insulate the risk in one type of asset by investing in a different asset with an unrelated risk characteristic.
Bearing in mind these factors, it’s fascinating to read Joye’s research into which asset mixes performed best from 1982-2012.
For non-home owners over this 30-year period, who opted to buy one investment property, this was their optimised portfolio: 46.8% in cash; 36% in Australian government bonds; 9.2% in Aussie shares and 8% in the investment property.
Did you notice what weighting Aussie shares had in this optimum portfolio?
The optimum investment portfolio for home owners 1982-2012 is also interesting: the family home + one investment property should have been 60% of the portfolio, 21.9% should have been cash, 10.9% Australian government bonds and 7.2% Aussie shares.
Volatile listed property trusts and global shares don’t make it into these portfolios while cash and bonds have a heavy weighting.
Exercises such as these are valuable to the independent investor because they illustrate what performs long term, and Joye’s figures are presented as a mix – an optimised portfolio with a high degree of uncorrelated investment.
I’ve been predicting for a while now that Australians are going to move their retirement savings to fixed-income investments such as cash and bonds.
Fixed-income products have reasonably high returns with nowhere near the volatility of equities. And as Joye’s research shows, they seem to be a good portfolio fit with property ownership.
Always get advice, but if you don’t, start thinking in terms of portfolio optimisation.
 Mark Bouris is executive chairman of <a target="_blank" rel="nofollow" href="https://www.ybr.com.au/">Yellow Brick Road</a>, a financial services company offering home loans, financial planning, accounting and tax, and insurance.
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Getting the mix of property and shares right for your retirement portfolio

<html><body>Australian Property Monitors (APM) has released a list of results from 244 auctions in Sydney for the weekend of August 25. The clearance rate was 62.6%. <a href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" target="_blank"> Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

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