Apartment buyers in New South Wales are set to gain a decade of insurance-backed protection against major building defects, after the NSW Parliament passed the Fair Trading and Building Legislation Amendment Bill 2026.&nbsp;

The Bill establishes decennial defect insurance, known in the market as Latent Defects Insurance (LDI), as an alternative to the existing two-year strata building bond. It cleared the Legislative Council with amendments on Tuesday evening (August 4, 2026), with the Legislative Assembly agreeing to those amendments shortly after.

Under the reform, eligible developers can satisfy their statutory bond obligation by taking out an approved decennial-style policy that gives owners 10 years of cover for major structural defects from completion, claimable directly, without first having to pursue developers or builders through costly legal action.&nbsp;

The change forms the final tranche of amendments arising from the 2021 statutory review of the Strata Schemes Management Act 2015 and related legislation.

Resilience Insurance, which originated the cover in Australia and has delivered it in NSW since 2022, welcomed the passage and credited the NSW Government for delivering it.

“This is protection apartment buyers have needed for a long time, and the credit for delivering it belongs to the NSW Government,”&nbsp;said Corey Nugent, CEO of Resilience Insurance.

“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into. Reform like this is what good, evidence-based regulation looks like.”

Resilience has delivered LDI in NSW since 2022, protecting thousands of apartments, giving the State, and now the country, real-world evidence of how decade-long, no-fault protection works in practice.

The reform also places NSW within a wider national shift.

NSW is the third jurisdiction to put decennial cover into law. The ACT legislated for it in 2024, with the scheme taking effect in late 2025, and Victoria passed its own framework on 17 June. Between them, the three cover the majority of Australia's apartment market.

The reform commences once the legislation is proclaimed, which is expected in the coming weeks. From that point, developers of Class 2 residential apartment buildings can meet their statutory obligation with an approved decennial policy in place of the bond.

Buyers who purchased into projects that took out the cover early are among the first in the country to take keys to apartments carrying decade-long structural protection.

“With the legislation passed, the focus now turns to making it work for buyers,”&nbsp;Nugent said.

“There are already thousands of apartments in NSW covered by this insurance, bought by developers who moved early. The question every buyer should be asking in a display suite is a simple one: does this building come with 10-year defect cover, and who stands behind it?&nbsp;

“We look forward to working with the Government and the Building Commission in coming weeks as the framework moves to implementation, and to sharing what we have learned over the past four years so the protection reaches owners as smoothly and quickly as possible.”

Other states are working through their own reform programs. Western Australia has indicated that decennial cover is within consideration a later stage of its reform sequence, and Queensland has been examining the settings as it looks at the development pipeline ahead of the 2032 Olympics.

Resilience Insurance acknowledges the NSW Government’s continued focus on strengthening consumer protection while supporting housing delivery across the State.

Fast Facts: What the reform means

<ul style="color:#222222; font-family:Arial, Helvetica, sans-serif; font-size:small; font-style:normal; font-variant-ligatures:normal; font-weight:400; text-align:start; white-space:normal; background-color:#ffffff; text-decoration-thickness:initial; text-decoration-style:initial; text-decoration-color:initial">
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Proven at scale:&nbsp;Decennial cover has operated in NSW since 2022, protecting thousand of apartments.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">10 years of cover:&nbsp;Protection for major structural defects runs for a decade from completion, claimable directly and with no legal action required.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">An alternative to the bond:&nbsp;Eligible developers can meet their statutory obligation with an approved decennial-style policy in place of the 2% strata building bond.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Part of a national shift:&nbsp;The ACT has had decennial provisions in force since 2025 and Victoria passed its framework in June. NSW now joins them.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">No-fault, first resort:&nbsp;Owners corporations claim directly from the insurer without first having to establish who is liable for the defect.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Cost-competitive:&nbsp;At approximately 1.8% of build cost, LDI is typically priced below the 2% bond while offering broader, longer protection.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Market position:&nbsp;Resilience originated LDI in Australia and has delivered it in NSW since 2022.</li>
</ul>

Fast Facts: What is Resilience LDI?

<ul style="color:#222222; font-family:Arial, Helvetica, sans-serif; font-size:small; font-style:normal; font-variant-ligatures:normal; font-weight:400; text-align:start; white-space:normal; background-color:#ffffff; text-decoration-thickness:initial; text-decoration-style:initial; text-decoration-color:initial">
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Resilience Latent Defects Insurance (LDI):&nbsp;Covers major structural defects for 10 years from completion.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Consumer-first:&nbsp;Direct claim access, no need for lengthy legal action.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Cost advantage:&nbsp;At approximately 1.8% of build cost, LDI is typically priced below the traditional 2% Strata Bond while offering broader protection.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Market leader:&nbsp;&nbsp;Resilience Insurance originated LDI in Australia and is the national market leader.</li>
</ul>

Joel Robinson

NSW parliament passes 10-year defect insurance laws for new apartment buyers

Builder-developer <a href="https://www.apartments.com.au/developers/mcnab-developments">McNab</a> has wasted little time reshaping one of South Brisbane's most significant undeveloped apartment sites after acquiring the property earlier this year.&nbsp;

McNab has lodged plans to scrap an existing approval for two 30-storey towers and instead deliver a single 28-storey residential building, preserving part of the site for a future development opportunity.

The proposal, lodged over <a href="https://www.apartments.com.au/new-apartments/64-peel-street-south-brisbane-qld-4101">64 Peel Street and 9 Cordelia Street</a>, is for a residential-led mixed-use development comprising 124 apartments above a landscaped podium, alongside a boundary realignment that preserves part of the land for a future residential project.

<img alt="First look: McNab resets decade-old South Brisbane approval with 124-apartment tower" data-entity-type="file" data-entity-uuid="743bf564-3f8f-45fc-b8d3-bbf18f5b628f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/mcnab%20Peel%20st%20podium.png?VersionId=EhCxGrVn_VFH3qTbKnI4WppGwaMnOn0t" />

Designed by <a href="https://www.apartments.com.au/architects/hayball">Hayball</a>, the development will deliver 119 two-bedroom and five three-bedroom apartments across 23 residential levels. A five-level podium will accommodate 135 car spaces, while the ground floor will include a 66 sqm commercial tenancy, an activated residential lobby with work-from-home spaces, and a publicly accessible landscaped plaza linking Cordelia and Peel streets.&nbsp;

Communal amenities will span Level 6 and the rooftop, including indoor and outdoor recreation spaces, a swimming pool, barbecue facilities, kitchen and dining areas, lawn space, sauna, steam room and yoga facilities.

The application also proposes a boundary realignment to create a standalone 1,290 sqm development lot while retaining an adjacent parcel for future redevelopment, allowing the balance of the site to contribute additional housing over time.

Hayball said the architecture has been shaped by the site's elevated corner position at the intersection of Peel and Cordelia streets and Brisbane's subtropical climate.

The design incorporates generous landscaped setbacks, a masonry podium wrapped with planting, large north-facing balconies, and a slender tower profile intended to maximise natural light, cross ventilation and long-range views. The rooftop has been conceived as a wellness-focused retreat overlooking Brisbane, with amenities positioned to capture views towards Mount Coot-tha and the CBD.

<img alt="First look: McNab resets decade-old South Brisbane approval with 124-apartment tower" data-entity-type="file" data-entity-uuid="c5f99e84-6ad8-4a87-82d1-869685b754d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/mcnab%20tower%20perspective.png?VersionId=Gw0IuJaSAlk.tvGBxInhZOcQAdIB..2b" />

The planning submission positions the proposal as a response to both changing market conditions and Brisbane's Kurilpa Sustainable Growth Precinct planning reforms.

McNab acquired the site after the previous approval was granted, with the existing scheme no longer reflecting current residential market demands, economic conditions, construction challenges, construction efficiencies or the quality of development outcome now being pursued, the planning report noted.

McNab continues to expand its residential development pipeline across Brisbane and the Gold Coast. The developer recently launched The Tannery in West End, securing more than 60 per cent of apartments before the project's public release. It is also delivering Elements Budds Beach in Surfers Paradise and Lucia Highgate Hill, an eight-apartment boutique development overlooking the Brisbane River.

McNab resets decade-old South Brisbane approval with 124-apartment tower

A steeply sloping Bellevue Hill site is set to accommodate a new mid-rise apartment development, with plans lodged for 20 homes that respond to the site's dramatic topography.

The proposal for the consolidated land at <a href="https://www.apartments.com.au/new-apartments/138a-140-bellevue-road-bellevue-hill-nsw-2023">138A-140 Bellevue Road</a> has been designed by Sydney architecture practice Common Office, which has used the site’s substantial fall to distribute the building’s scale and unlock 20 apartments without presenting the full height to the street.&nbsp;

“The unique design strategy leverages the site’s substantial topographical fall to facilitate increased density, presenting a seven-storey profile to Bellevue Road while rising to 10 storeys at the rear,” Common Office said in its architectural design report.

The apartment mix spans one, two, three- and four-bedroom residences. Four two-bedroom apartments are designated as affordable housing, while the plans also include two adaptable dwellings. The mix is majority three-beds, with the typical three-bed apartment offering around 144 sqm internally, with balconies of around 15 sqm.

The affordable housing component represents 15 per cent of the residential floor area and allows the project to access additional height and floor space under the NSW Government’s in-fill affordable housing provisions. The site also falls within the inner area of the Low and Mid-Rise Housing Policy because it is within 400 metres walking distance of Double Bay Town Centre.

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="b1230d0f-3bfa-4a11-abaf-0928c66ef345" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20da.png?VersionId=dZeMK3P.OutGjN8ycjsxm8uNsj_QFWQv" />

Common Office has arranged the building around a masonry podium and a lighter upper volume, drawing on two recurring elements of Bellevue Hill’s established architecture: sandstone bases and the vertical proportions of local Inter-war Art Deco apartment buildings.

“The proposal is governed by a holistic design language that reconciles the solid horizontal masonry of the neighbourhood’s podiums with the elegant verticality of its Art Deco heritage,” the architect said.

“The building maintains a consistent rhythmic logic utilising deep recesses and a sophisticated material transition to break down the 10-storey scale into a series of articulated, human-scale volumes.”

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="0147f503-1af1-4d51-97fb-c2f1cba63a9d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20bldg.png?VersionId=GoW7q3NlK67OpnePXhk7zvklrlKb72Qc" />

Large-format sandstone tiles will define the lower levels, establishing a robust base that negotiates the change in elevation from Bellevue Road. Above, red-tinted precast concrete frames, recessed balconies, anodised aluminium screens and expanded metal details will create a more vertically expressed façade. Integrated planter beds will introduce greenery across balcony edges and recessed sections of the building.

The elongated northern façade has been divided into three recessed vertical masses to reduce its perceived length. Triangular window elements and metal privacy screens reference the geometry of nearby Art Deco buildings while controlling overlooking toward surrounding homes. The southern elevation will incorporate further privacy screening, landscaped edges and deep balconies to maintain light and ventilation.

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="e8679cf1-18bc-4447-8a0f-0052b94ab83c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20da%20rooftop.png?VersionId=5SQqQqRFf76rvE2p1TbxJSweMN70AIbc" />

Private and communal landscaping is distributed throughout the development. A landscaped garden apartment is positioned within the lower portion of the site, while a communal terrace on Level 5 will include a central timber deck, barbecue facilities, resident planting plots and areas for outdoor dining and informal gatherings.

Common Office described the terrace as an elevated sanctuary designed to capture district views and sunlight. Its planting strategy incorporates endemic species associated with the Eastern Suburbs Banksia Scrub, extending the landscape vertically through the building and providing habitat for local flora and fauna.

A second communal outdoor area is proposed at roof level, with built-in seating, paved gathering areas and perimeter planting.

Bellevue Hill is enjoying renewed momentum in the new apartment market, with several boutique developments recently launched and currently under construction. Positive Investment Enterprise is delivering the 16-apartment Kew Palm House on Birriga Road, while Chanine Developments is also under construction at Florian, a 36-apartment project on Banksia Road.

&nbsp;

Bellevue Hill is enjoying renewed momentum in the new apartment market, with several boutique developments recently launched and currently under construction.

First Look: Apartment development pitched for Bellevue Hill, Double Bay fringe

South Brisbane's apartment pipeline continues to build momentum, with <a href="https://www.apartments.com.au/developers/trk-property-group">TRK Property Group</a> lodging plans for a 161-apartment tower on Montague Road as developers accelerate investment across the Kurilpa Sustainable Growth Precinct.

The proposal for 176–186 Montague Road would replace an existing office building with a 20-storey residential tower designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, adding to a growing pipeline of high-density projects reshaping one of Brisbane's fastest-evolving inner-city precincts.

The project has been conceived as a "living building", featuring a flowing tower form, extensive vertical landscaping, and generous communal spaces that respond to the evolving Kurilpa Sustainable Growth Precinct.

TRK Property Group Development Director Matt Kan said the project reflected the confidence developers have in South Brisbane's long-term future.

"South Brisbane is entering an incredibly exciting period, and we see Montague Road sitting right at the heart of that evolution," Kan said.

"With the former Visy site directly opposite us and significant investment planned throughout the broader Kurilpa precinct, there is a real sense of momentum around this part of the city and what it will become over the coming years.

"For TRK, this is an opportunity to be part of that next chapter and deliver a project that responds to where the precinct is heading, while contributing to the continued evolution of Brisbane's river edge."

<img alt="First look: TRK Property joins South Brisbane apartment surge with Montague Road tower plans" data-entity-type="file" data-entity-uuid="590fe1ad-f892-4446-a679-80e33a16d029" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/TRK%20tower%20facade.png?VersionId=uOJStrcKpyHFcPE1w6_9SMAFzVMCcZll" />

The scheme includes a mix of one, two, three and four-bedroom apartments, incorporating multi-purpose rooms in selected residences to provide additional flexibility for home offices or expanded living areas. The proposed mix comprises 15 one-bedroom, 13 one-bedroom plus MPR, 73 two-bedroom, 26 two-bedroom plus MPR, 30 three-bedroom, and four four-bedroom apartments.

Rather than adopting a conventional rectilinear tower, COX Architecture has developed a sculpted form inspired by the movement of the Brisbane River.

"The proposal has been designed by COX Architecture as a 'living building' that responds to the site's riverine setting, floodplain history and evolving urban context within the Kurilpa Sustainable Growth Precinct," the planning report states.

"The architectural form draws from the fluid nature of the Brisbane River, with a curved and undulating tower form that creates a varied architectural edge and avoids a conventional rectilinear tower expression."

The podium has also been designed as an architectural feature rather than a conventional parking structure, with cascading planting, screening and natural-toned materials softening its appearance. Resident parking is elevated above ground level to address the site's flood constraints, while habitable apartments sit above flood planning levels. Upper-level communal facilities are designed to accommodate shelter-in-place arrangements during major flood events.

<img alt="First look: TRK Property joins South Brisbane apartment surge with Montague Road tower plans" data-entity-type="file" data-entity-uuid="01fa15d0-90df-46c7-9555-7941fc45373c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/TRK%20podium.png?VersionId=mHyua.w1pHGBt9qEdWzrlsv.leztUCwO" />

Communal amenity is a major focus of the proposal. Around 1,815 sqm of shared resident space is proposed across the ground floor, level 19 and the rooftop, including co-working areas, indoor and outdoor recreation spaces, wellness facilities, dining and gathering areas, lawn spaces, a rooftop pool and spa, and extensive landscaping. At street level, a landscaped forecourt and approximately 345 sqm of publicly accessible open space along Montague Road are intended to improve the pedestrian experience while activating the building's frontage.

The development will provide 163 car spaces, including 152 resident bays and 11 visitor spaces, together with 144 bicycle spaces incorporating resident storage, visitor parking, bicycle maintenance facilities and e-mobility charging infrastructure.

The site sits within one of Brisbane's fastest-changing inner-city precincts, less than two kilometres from the CBD and within easy reach of South Bank, West End, the Queensland Cultural Centre and extensive public transport connections. The Kurilpa Sustainable Growth Precinct planning framework is encouraging higher-density residential development to help meet Brisbane's housing supply targets while supporting walkable, transit-oriented neighbourhoods.

TRK Property joins South Brisbane apartment surge with Montague Road tower plans

Article summary

<ul data-end="785" data-start="311">
	<li data-end="459" data-section-id="5hbcyr" data-start="311">Pikos Group has released the five-penthouse collection at Skye Kangaroo Point, headlined by a two-storey sky home spanning more than 1,000 sqm.</li>
	<li data-end="561" data-section-id="1p7lq8n" data-start="460">Early buyer interest suggests the residences could set a new Queensland apartment price record.</li>
	<li data-end="667" data-section-id="1y70z0l" data-start="562">The collection includes four move-in ready penthouses and the highly customised Skye One residence.</li>
	<li data-end="785" data-section-id="yvm0y1" data-start="668">The release caps one of Bri​sbane's most ambitious luxury apartment developments overlooking the Brisbane River.</li>
</ul>

<hr data-end="790" data-start="787" />
Pikos Group has released the five-penthouse collection at its <a href="https://www.apartments.com.au/buildings/skye-residences-by-pikos-kangaroo-point-8-river-terrace-kangaroo-point-qld-4169">Skye by Pikos</a> development in Kangaroo Point, with early buyer interest indicating the flagship residences could eclipse every apartment sale previously recorded in Queensland.

The collection crowns the luxury riverfront development with five residences, including four completed penthouses and Skye One, a two-level sky home spanning more than 1,000 sqm that will be tailored to its eventual owner.

[smartcode_project:default project_id=90059 project_image_fid=374075]

Wanting to offer a fully customisable home, Pikos is offering Skye One as a blank canvas, allowing the buyer to work alongside the developer's design team to customise the home's layout, finishes and internal spaces.

The residence will feature a 247 sqm private rooftop terrace with its own swimming pool, sauna, steam room, outdoor kitchen and multiple entertaining areas overlooking the Brisbane River and CBD skyline.

The remaining four penthouses have been completed and are ready for immediate occupation, each offering four bedrooms, expansive open-plan living areas, soaring ceilings and private lift access.

[smartcode_project:default project_id=90059 project_image_fid=374059]

One of the defining features throughout the project is its use of Roman Classic Travertine, with more than 20,000 sqm of the natural stone imported from Italy after being personally selected by Pikos Group Founder and Executive Director Pedro Pikos, interior designer Julie Williamson and third-generation stone specialist Mario Caucci.

Pikos said the penthouse collection represented the culmination of the company's long-term vision for Skye.

"True legacy isn't measured by what we build today, but by what endures tomorrow," Pikos said.

"Our ambition is to create places that become more valuable with time, enrich the lives of generations, and stand as timeless landmarks long after we've stepped away."

[smartcode_project:default project_id=90059 project_image_fid=374060]

Williamson said the interiors were inspired by the natural character of Kangaroo Point and the Brisbane River rather than international design trends.

"Materiality tells the story of a place," Williamson said.

"We looked to the movement of the Brisbane River, the texture of the cliff face and the warmth of the surrounding landscape to create interiors that feel understated, enduring and unmistakably Brisbane."

Positioned above the Kangaroo Point cliffs, Skye places residents within walking distance of Howard Smith Wharves, South Bank and James Street while offering uninterrupted river and city views.

[smartcode_project_cta:default project_id=90059]

Brisbane's next apartment price record? Pikos unveils Skye's exclusive penthouse collection

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?

When buying an apartment, most people compare the big-ticket items first. Floorplans. Kitchens. Balcony size. Natural light. The view.

But there's one everyday consideration that often doesn't come up until after moving in: how parcels are delivered.

As online shopping has become part of everyday life, parcel deliveries have shifted from an occasional event to a regular occurrence. Australians spent a record $82.6 billion shopping online in 2025, with almost one in every four retail dollars now spent digitally.

For apartment residents, that can present a challenge.

If nobody is home to accept a delivery, parcels may be redirected to a nearby Post Office, left in a building lobby or common area, or require building management to step in. In higher-density buildings, where dozens or even hundreds of residents may receive deliveries each day, parcel management has become an increasingly important part of everyday living.

That can create a range of frustrations. A missed delivery often means making time to collect a parcel elsewhere, while packages left unattended in foyers or mail areas can create clutter and increase the risk of theft. What seems like a minor inconvenience can quickly become a recurring issue for residents who shop online regularly.

It's one of those details that rarely features in a display suite but can have a noticeable impact once residents move in.

As a result, buyers are beginning to look beyond traditional apartment features and consider how a building supports day-to-day convenience, including whether there are secure options for receiving deliveries.

Australia Post's Parcel Lockers provide one solution.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/CkF2oKmlACg?si=C50sDaoUUn2nuLmq" title="YouTube video player" width="560"></iframe>

Rather than having a parcel delivered directly to an apartment, eligible deliveries can be sent to a nominated Parcel Locker. Once the parcel arrives, residents receive a notification through the AusPost app or SMS and can collect it using a QR code or one-time PIN at a time that suits them.

The Parcel Locker network now includes more than 1,500 locations nationwide, with installations at Post Offices, shopping centres, transport hubs and an increasing number of residential developments. By providing a secure collection point, Parcel Lockers help reduce missed deliveries and avoid parcels being left unattended in common areas.

For developers, parcel infrastructure is becoming another way to improve the resident experience. Rather than relying on concierge staff or leaving parcels in communal spaces, secure collection points help streamline deliveries while preserving the presentation and functionality of shared areas.

For buyers, it's a reminder that the best apartment features aren't always the most obvious.

A generous floorplan or quality finishes might help narrow the shortlist, but the conveniences that simplify everyday life, whether that's EV charging, secure bike storage or reliable parcel delivery, often become the features residents appreciate most once they're living there.

The apartment feature many buyers don't think about, until their first missed delivery

<html><body>
RBA deputy governor Guy Debelle says an improving banking outlook in Europe might lead to lower funding costs for Australian banks but the current uncertainty will remain. 
Speaking today at the Bloomberg Seminar in Sydney, Debelle says there has been “a thawing in bank debt markets” in 2012. 
“With the beginning of the new year, the investment slate is clean and risk tolerance thus far is on the increase. This development has been bolstered by the avoidance of worst case outcomes … and by the European Central Bank’s action [in December to bolster liquidity],” he says.
However, he provided support to the decisions of the major banks to push up variable mortgage rates independently of the RBA by admitting that there had been a “sizeable step up” in the cost of debt issuance in 2011.
“Investors are demanding much higher compensation for bank credit risk now than they were in mid-2011. The repricing probably happened in the last quarter of 2011, but the general lack of issuance made it more difficult to observe.
“This global repricing of bank debt has clearly affected the Australian banks’ wholesale funding costs,” he says.
<img src="/images/stories/coveredbonds2.gif">
In his presentation, Debelle included a table that showed how bond market issuance costs had risen recently with covered bonds issued by the Australian banks “at markedly wider spreads than their unsecured issuance mid-year”.
The cost of issuing residential mortgage-backed securities, another form of offshore wholesale funding, also increased over the course of 2011.
<img src="/images/stories/debelle1.gif">
However, Debelle says there are some signs of encouragement with a “sizeable narrowing of spreads in the secondary market on the domestically issued covered bonds, to around 140 points over swap” over the past few days.
“This narrowing in bank credit spreads was confirmed by the unsecured issuance last week.”
Despite this encouragement, Debelle acknowledges that some corporations are able to raise funding more cheaply than the major banks because of their higher credit rating.
“For example, Coke, which is rated A-, was able to issue more than 100 basis points below the AAA rated domestic covered bond issues,” he says. 
In addition, he says the rise in wholesale funding costs has been “accentuated for funds raised offshore by a widening in the cost of swapping foreign exchange into Australian dollars”.
Overall he says the start of 2012 has been more positive than the end of the last year.
“Whether this happier state of affairs persists is difficult to tell. There have been outbreaks of optimism over the past couple of years which were dashed,” Debelle warns.
“I think the only thing which is certain, is that uncertainty is likely to persist for some time to come.”
<a href="/images/2015/12/16/Screen%20Shot%202015-12-16%20at%2011.40.02%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/12/16/Screen%20Shot%202015-12-16%20at%2011.40.02%20AM.png" alt="">
</body></html>

lschlesinger-FZcF9M3vE6

Australia’s economic uncertainty, arising in Europe, to persist: RBA deputy governor Guy Debelle

<html><body>
A surge in home loan traffic on financial products comparison website RateCity.com.au suggests that more borrowers will refinance their mortgage in the wake of banks pushing up their mortgage rates independently of the RBA. 
Home loans as a share of RateCity’s website traffic has increased by nearly 50% in the first two weeks of February compared with the whole month of January a spokesperson has told Property Observer. 
“Overall traffic to the site has increased by 25% comparing last four months [February 2012, January 2012, December 2011 and November 2011] to the four months prior – and this growth is obviously understated because of Christmas holidays,” she says.
The RBA cut interest rates in November 2011 and December 2011, with most lenders passing on the full rate cut to borrowers.
 The pick-up in home loan traffic follows a see-saw month for borrowers, beginning with expectations that the RBA would cut interest rates by 0.25% on February 7 and ending with the major banks stinging customers with rate rises. 
Yesterday <a target="_blank" href="/news">NAB became the last of the major banks to lift its rates</a> outside of the RBA cycle, lifting its variable mortgage rate by 0.09% following increases of 0.06% by<a target="_blank" href="/news"> ANZ, and 0.1% by Westpac</a> and the<a target="_blank" href="/news"> Commonwealth Bank</a>.
{module What do you intend to do given the current interest rate fluctuations?}
{module Have you changed lenders in the last six years?}
 
 
 
 
</body></html>

More borrowers will refinance their mortgages in wake of bank rate rises: RateCity

<html><body>
Stability is an underrated virtue. Or, put a little more eloquently, exercising the “option to wait” is often underprized or overlooked completely. Human nature means that we tend to be in perpetual mental motion during our waking hours. Sitting, listening and patiently observing does not come easily to us (and this author is the worst offender).
For a taxpayer-owned bank like the RBA, which tries to control the market price of money, there is always a risk of doing too much, of over-tooling its tremendously powerful policy instrument. Weighed against this is the RBA’s odd board composition, which in addition to the Treasurer’s proxy includes six highly conflicted private sector representatives. A new addition to this cabal is the manufacturing industry lobbyist Heather Ridout. Committees are natural breaks on action.
In one of her first post-appointment statements Ridout unwittingly came out and undermined the RBA’s contemporary policy mandate, as stipulated in the <a href="https://www.rba.gov.au/monetary-policy/framework/stmt-conduct-mp-5-30092010" target="_blank">five agreements</a> signed by the RBA and the Treasurer of the day since the inaugural “Statement on the Conduct of Monetary Policy” in 2006.
In an interview with Bloomberg, Ridout described herself as a “growth girl”. And “asked if she was a so-called dove, the word used to describe a policy maker who leans toward economic growth over fighting inflation, Ridout agreed she is,” Bloomberg controversially reported.
The RBA and successive Liberal and Labor governments have gone to great lengths to make it clear that the RBA is an “inflation-targeting” central bank. Price stability is its main goal. Other objectives embedded in its original 1959 legislation, such as full employment and the long-term prosperity and welfare of the nation, flow as natural consequences, in the RBA’s view, from it first-order priority of delivering “price stability”.
Indeed, there is a well-known short-term conflict between maintaining low inflation and fostering growth. Over the long-run, however, no such trade-off exists. In the words of the RBA, “price stability is a crucial precondition [emphasis added] for sustained growth in economic activity and employment”. One begets the other. This is endorsed by academic research, which arrives at the obvious conclusion: the most successful central banks focus on a single policy goal, rather than two or three.
Talk of a “dual mandate” among some economists, egged on by oblique public relations-style references by the governor to the full employment objective in the RBA’s 1959 Act, are – or at least for the past 20 years, have been – a furphy.
It’s quite simple: if Australia has a serious inflation problem, the RBA will use interest rates to staunch those price pressures without consideration for the short-term employment costs. If and only if core inflation is within the RBA’s 2% 3% target band, or expected to fall back into the band, will the bank then contemplate reducing rates to foster more rapid employment growth. It’s an open question whether Heather Ridout appreciates the nuances associated with this distinction.
Returning to my opening remark, there is much to be said for the RBA having an extended pause until the weight of credible economic evidence pushes it in one direction or another. This could involve continued appreciation of the currency (and the trade-weighted index). It could mean a marked deterioration in the labour market signalled by a sustained rise in the unemployment rate. It might involve withering shocks from overseas.
As I’ve argued for years, today’s world is a far more complex, and information-rich, place than it ever has been before. I believe financial markets are getting more volatile (or noisy) as the speed with which information is transmitted has accelerated. There is also a serious question as to how the human brain, having had centuries of conditioning to steady information collection and processing, is currently coping with our new world order in which it is constantly bombarded with conflicting, high-velocity data, much of which is of dubious, unedited quality.
You only need to look at the online headlines run by some of our major newspapers to visualise the problem. These are deliberately designed to shock and awe, and are often misleading. Journalists who consistently peddle the end of the world prosper by grabbing the most eyeballs, which partly explains Steve Keen’s popularity.
I have no hard opinion as yet on what the RBA will do next month. Neither does the bank. Our probabilities shift every day as we learn more about the state of the world. If you want a “point estimate”, I can tell you that the financial markets think the RBA will cut rates in March. My only other contribution at this juncture is that in the absence of new view-changing data, interest rate stability would be a good thing.
In the RBA’s latest Statement on Monetary Policy, the bank has helpfully summarised the current level of lending rates. What we learn is that prior to the circa nine basis point out-of-cycle hike in rates this week, the cost of home loans was slightly below their average since the mid-1990s. The cost of small business and corporate loans was about bang-on average (see the two charts below). This is contextualised against an economy growing “at trend”.
<img style="display: block; margin-left: auto; margin-right: auto;" src="/images/stories/joyerba1.jpg">
<img style="display: block; margin-left: auto; margin-right: auto;" src="/images/stories/joyerba2.jpg">
Maybe the bank could do a bit of fine-tuning and chisel rates one notch further. Its cut in December is increasingly looking like a misstep – in the sense that it was not really needed, and may have been better squirreled away for another rainy day. That said, one rate move does not normally change the price of eggs in China. And the out-of-cycle increases by the banks this week actually get the RBA to where it reportedly wanted to be back in December, having (incorrectly) assumed that the banks would only pass on about half the cut. And if we further suppose that the global economy in February is in slightly better shape than the RBA expected in December, rates are possibly a little ahead of where they need to be.
What I will say is that the attempt by ANZ to try and set lending rates independently from the RBA is not overly helpful. Doubtless it helps if you are a bank looking to always maximise your margins unilaterally in order to exceed shareholder return expectations. I have no beef with that.
However, as Steve Muchenberg, the head of the Australian Bankers Association, a little surprisingly notes in the AFR today (in response to <a href="https://www.propertyobserver.com.au/finance/our-banks-are-too-big-to-fail-too-few-to-be-competitive-mark-bouris-and-christopher-joye/2012020853307" target="_blank">Mark Bouris and my op-ed</a>), banks need government support to survive. They are not run-of-the-mill private companies.
With this in mind, Bouris made a comment yesterday that resonated with me. He said, “It’s bad enough that 2 ½ million home owners hold their breath on the first Tuesday of every month in anticipation of the RBA’s rate decision. Now with all of the major banks hitting customers with out-of-cycle rate hikes, mortgage holders are feeling more confused and nervous than ever before.”
Initially, I thought this was just rhetoric. Reflecting a bit further, Bouris’s argument stimulated an insight that I don’t think has been tendered before.
When banks talk about funding cost pressures, they are usually referencing the price of money they borrow from institutional investors. When banks borrow from retail depositors, we give them our money without really thinking about, or charging, a “credit spread” or “risk premium”. We don't say to ourselves, “Gee whiz, ANZ is riskier than Westpac, so I am going to ask for a higher savings rate from ANZ”. Institutional investors, on the other hand, do exactly this.
Yet if we assume that credit spreads are generally stable – that is, there are not large daily swings in the market’s perception of Australian bank risk (given their government guarantees) – then changes in the cost of money that banks borrow should, in fact, be most frequently determined by the RBA’s cash rate, and expected future changes in that rate (as captured by changes in the yield curve). This, after all, is the underlying benchmark rate upon which the banks’ borrowing are priced.
This tells us that most of the time the RBA should control changes in lending rates. But not all of the time. The banking ructions of the past few years have been the exception to this rule. Setting aside the all-important question of what returns government-guaranteed banks need to deliver to their shareholders (likely lower than those the majors currently target), the banks are justified in adjusting their own product costs for changes in funding costs.
But should they try and price their products completely independently of the main driver of that price: the RBA’s monetary policy settings? I don't think so.
Years ago I argued that these out-of-cycle bank moves would make the RBA’s job more difficult and harder to predict. Some dismissed this, claiming that the RBA always determines lending rates and would simply adjust the cash rate until it gets the lending rates it desires.
There is, of course, a delicious contradiction here: on the one hand, we are told that the RBA ultimately sets lending rates; on the other, we are informed that the RBA’s cash rate only influences a minority of bank funding costs. Go figure.
Even with stable bank credit spreads, we have no assurance the oligarchs will comply. With four institutions controlling 80% to 90% of the market, they can simply continue expanding margins. In practice, public pressure will likely prevent this from occurring.
The issue I am more interested in is the RBA’s policy path. It is now undeniable that Australia’s central bank has a much pricklier challenge on its hands with the quasi-private major banks setting lending rates independently of its cash rate.
Ironically, this only serves to underscore the power of the oligopoly. I think it would be smarter public policy and commercial strategy for the banks to embrace Bouris’s suggestion and set rates in lock-step with the RBA with a get-out-of-jail card. If funding costs change to the point where they cannot hit reasonable shareholder return expectations, then they can make their unilateral adjustments.
This, I think, is the way it should be. It would afford much more certainty to the millions of Australian families and business borrowers who are looking over their shoulders right now scared about when the next hike really will arrive. As far as they are concerned, the banks can slam them at any time.
More give, less take, guys…
Christopher Joye is a leading financial economist and a director of Rismark International and Yellow Brick Road Funds Management. The above article is not investment advice.
 
 
</body></html>

chrisjoye-JYhJsTrNRC

Banks’ out-of-cycle rate rises exception, rather than rule: Christopher Joye

<html><body>
Victoria’s penchant for building apartments over detached houses during the past decade has been confirmed in end-of-year figures released by Victorian Building Commission.
More than 2,500 building permits for non-detached housing were issued in 2011, the highest in 13 years of Victorian Building Commission data and 42% more than the 1,800 issued in 2010.
Non-detached building permits issued 
 
<img src="/images/stories/vicbuilding1.gif">
Source: Victorian Building Commission
In comparison the permits issued for the building of detached houses has declined moderately from a peak of about 92,000 in 2001 to fewer than 90,000 in 2011.
Detached housing building permits issued
<img src="/images/stories/vicbuildin2.gif"> 
Source: Victorian Building Commission
Inner Melbourne remains the epicentre of new building, registering a 22.1% increase in building permits in 2011 to $10.8 billion – most of which would be for new apartments developments.
In comparison, detached housing permits declined by 10.5% to $12.3 billion, reflecting the current stagnant residential construction environment, with outer Melbourne registering a 9.1% decrease in the value of building permits to $8.6 billion.
Overall the value of building permit activity in Victoria in 2011 was a record $24.2 billion, an increase of 1.5% on 2010. However, the number of building permits issued during the year declined by 9.6% to 101,623, when compared to 2010.
There was a greater than expected seasonal decline in apartment building permits in December 2011 suggesting the rate of projects may be starting to slowdown.
The commission issued 168 apartment project building permits in December 2011 with a combined value of $204 million, compared with 351 permits issued in December 2010 worth $355 million.
Over 2011, the value of retail permits increased 48.2%t to $1.5 billion, industrial permits grew by 35.7% to $509 million and hospital/healthcare permits jumped by 55.7% to $860 million
Permits for the construction of public buildings decreased by 27.4%t to $2.3 billion.
The value of building permits activity in 2011 compared with 2010 in regions outside of Melbourne:
<ul>
<li>Gippsland declined by 22.5% to $872 million</li>
<li>North central fell 9.9%  to $929 million</li>
<li>North east decreased by 27.7% to $662 million</li>
<li>North west was up by 0.6% to $891 million</li>
<li>South west declined 8.3% to $1.5 billion</li>
</ul>
</body></html>

Victorian apartment building permits up 42% in 2011: Building Commission

<html><body>
Ever had one of those days when you’re feeling a sensation beyond common understanding? Superstitious uncertain elements in our lives leave us with the uncomfortable feeling that some unknown, uncontrollable, pre-dictated event is “meant to be”.  It might not be the foundation of your belief; however, it’s a common feeling that most of us experience at some point in our lives and often bears unruly influence on the path we follow.  It’s particularly influential in the purchase of residential property – often stemming from elements that are buried deep in our subconscious memory.
We have the unfortunate ability to learn and speculate on future events based on influences that may or may not be working to our advantage, yet in order to really take control of our future, it’s futile to try and divorce ourselves totally from this questionable influence. The trouble remains, that all investment choices are – to some extent – speculation.  Using the recent financial catastrophe as an example, it’s possible (with savvy use of Google) to seek out those who predicted the fall and those who totally missed it.  With so much uncertainty circulating financial markets now, how enticing is it to bet on their other predictions to see if they also came to fruition?  Especially as the overriding sensation when looking at US or European residential markets is to think similar events could happen here – even if they were to occur under different circumstances.
However in Australia, when it comes to property investment there are certain things you can “speculate” on and be as close to 100% certain as speculation can get. Australia has the most transparent property market in the world.
In detailed surveys conducted by Jones Lang LaSalle, Australia consistently ranks as number one out of 81 markets across America, Europe, Asia Pacific, the Middle East, and North Africa.  For those interested, the survey covers, performance measurement, market fundamentals, listed vehicles, regulatory and legal environments and detailed elements of the transaction process. As Jones Lang LaSalle correctly point out, rising levels of transparency are important in terms of attracting both local and foreign investment and also ensuring market regulation.
However, while transparency doesn’t prevent elements that lead to market crashes, the free (or at least readily available) flow of information has the ability to speed up recovery in markets where transparency bears a priority – and Australia bears the best example.  The information available to our property investors is sight to the blind. In fact such is the detail contained in various property reports, including detailed suburb specific statistical information, the probability of walking into a property disaster is diminished considerably. Careful analysis of the data will also enable investors to time the market and purchase at the correct stage of the property cycle.  All in all, we have information and qualified advice available to ensure one of the top rules in real estate investment is adhered to: not over-paying in the first place.
Another sure thing in Australia is population growth.  In Australia, we’re averaging higher immigration than China, the US, Canada, Indonesia, Saudi Arabia and most other.  Furthermore, a quick analysis of information collected and free to all from the Australian Bureau of Statistics reveals exactly where our population is heading – the capital cities.  Even though we consistently rank in the top five for the least number of inhabitants per square kilometre, due to the unique topography of our land and climate, 85% of our population live within 50 kilometres of the coast in urban landscapes.  Well over 70% of our population is squeezed into the capital cities, with some growing faster than others.  The demands on infrastructure and existing amenities along with the challenges associated with sourcing skilled labour to build the accommodation needed to meet demand ensures consistent uprising pressure on existing property prices.
While it would be remarkably foolish to use these statistics to totally weather against the possibility of a “popped” market in some localities, it’s possible to pinpoint areas where demand will be consistent and land will remain in short supply and therefore continue to be a highly sort after asset.  A brief look at the 2030 plans of each capital city will give some scope of the relatively swift changes that are set to occur in our demographic structure, and this information will ensure educated assessment of the other major influence of property prices – supply verses demand.
If you get the supply/demand equation right, with the right property, suited to the right demographic,  you’re assured – even in the worst times – you’ll attract consistent tenancy and in the best times, solid capital growth.
For property investors, any confusion over the particular buyer market to target is another major deliberation that needs to be taken into account to ensure long-term demand.  However, risks of missing approaching trends can easily be diminished when evaluating the makeup of the future Aussie purchaser.   For example, by 2050, the Asian market is expected to dominate the Australian population.  <a href="https://www.propertyobserver.com.au/demographics/how-australia-s-changing-demographics-are-affecting-the-property-market/2011112852579">As I’ve pointed out in previous articles</a>, Asian buyers have a completely different emotional relationship to property than the now influential Australian/European purchaser.  Trends include a preference to modern interior designs, apartment living, or in areas of prestige, trophy home mansions designed to impress.
Providing you’re familiar with the local state or suburban landscape, it’s easy to pick out areas where this type of buyer market will have prominence.  Other considerations – such as school zones for example – indicate that buyer trends will incline towards family homes rather than units or townhouses.  It may be time consuming, however detailed information on local markets, developing infrastructure, buyer trends, zoning and heritage overlays, are free and accessible to anyone who cares to seek out the data, thereby cutting out the need for risky speculation.
Providing the purchase is a long-term acquisition of 10-plus years, all the major rules to diminish risky property investment are covered:  What to pay, where to purchase, and what to buy. However, other elements, dependant on real future unknowns, will certainly bear effect on short-term price movements (hence why property investment must always be a long-term plan).
It’s largely agreed that buyer and investor uncertainty has played a major part in the recent slump in Australia’s property cycle. When the RBA come out with statements such as “global uncertainty”, it’s effectively code for “we just don’t know”. From the recent overwhelming “expert” consensus that rates would drop to the out-of-sync movements between of the major banks and the RBA, it seems leading economists would have better odds betting on the Melbourne Cup than they would educating the general population.
Furthermore, in less than four years, we’ve gone from a generation that had no physical memory of recession and an $80 billion government surplus to some $153 billion of budget deficit and a global economy that looks a deeper shade of black.   Major retailers such as Borders have closed their doors, not to mention the scores of small traders and businesses who can’t keep their heads above water.  Job losses in manufacturing and a ridiculously high dollar just add to the mix.  It’s all very well stressing the strength of our mining sector, population growth, and  rosy outlook in comparison to other markets – however, short-term uncertainty has a far greater effect on  a society used to changing jobs every few years and milk-fed on Australia’s class-free “anyone can make it” mindset.
Warren Buffet is poetry in motion when it comes to giving quality advice in a single statement.  Here’s a few for property investors:
<ol start="1">
<li>“I buy on the assumption that they could close the market the next day and not reopen it for five years.” (Be prepared for an extended period of time, property only beats the odds if it’s a long-term bet)</li>
<li>“I don't look to jump over seven-foot bars: I look around for one-foot bars that I can step over.”  (Put financial buffers in place. Never invest on impulse and insure against short-term job loss and unexpected rate rises.) </li>
<li>“It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.” (Follow the fundamental rules of A-grade property investment – pay the right price, purchase in the right location, buy for the right demographic.)</li>
<li>“Only when the tide goes out do you discover who's been swimming naked.” (The naked are those who thought they could break the rules or skip the queue to overnight riches.)</li>
</ol>
 
Catherine Cashmore is senior buyer advocate, property manager and market analyst for <a href="https://www.elitebuyeradvocates.com.au/">Elite Buyer Advocates</a> and also Channel Ten’s property expert on The Circle.  With extensive experience in all matters regarding real estate, Elite Buyer Advocates successfully purchases, assesses and negotiates more than $200 million worth of property each year for its clients.
 
 
 
</body></html>

catherinecashmore-6LXia3pPQj

Don't be swayed by superstition - property is as close to a sure thing as an investment can be

<html><body>
Before you purchase your next commercial property, you need to take some advice on which purchasing vehicle is right for you — because it's definitely not “one size fits all”.
The Australian Tax Office is quite happy for you to arrange your affairs so as to minimise the tax you pay. In other words, it is quite legal for you to avoid tax — you simply cannot evade it.
Income tax and capital gains tax are clearly two important issues to consider when arranging your property investments, and so, too, is GST.
But tax planning is not the only factor to consider. There are other commercial concerns that you should also address, depending on your circumstances. Apart from ensuring your overall flexibility, you also need to be able to:
<ul>
<li>admit partners down the track;</li>
<li>allow one or more individuals to sell out when desired;</li>
<li>cope with future tax changes;</li>
<li>handle a marriage breakdown;</li>
<li>cope with the death of one or more individuals;</li>
<li>pass on the investments to future generations; and</li>
<li>take advantage of the new superannuation provisions.</li>
</ul>
If you haven't already done so, you need to give careful thought to these matters in choosing the best investment "vehicle" for your next purchase.
From a tax viewpoint, which vehicle is best for you?
The simplest way to answer this question is to fully review the advantages and disadvantages of the commonly recommended tax structures and decide which best suit your circumstances. Those possible structures (investment vehicles) include:
<ul>
<li>Company</li>
<li>Fixed trust (commonly referred to as a unit trust)</li>
<li>Partnership, or joint venture</li>
</ul>
Depending upon your particular situation, there will be one vehicle better suited to your needs. And it is vital for you to determine that before you finalise the contract of sale for your next purchase.
You may prefer to obtain advice from your accountant. Alternatively, most competent legal firms will have a taxation division, which can provide you with that advice.
And this is always my preference — because there is then less chance of something being able to "slip through the cracks".
Generally, the discussion about the most appropriate investment vehicle takes only about  15 to 20 minutes with a tax adviser.
However, the real advantage comes from being able to dovetail the formation of that vehicle with the conveyancing aspects of the contract itself — because everything is now happening in-house.
Bottom line: You are able to leave that initial meeting with the comfort of knowing the transaction will now be documented in the most tax-effective manner.
Plus, it will also provide you with the greatest flexibility down the track; and you now have one fewer thing to follow up in the process.
Chris Lang is an advisor to commercial property investors and gives keynote speeches and regular seminars on the best way to invest in commercial property. He maintains a blog, <a target="_blank" title="Chris Lang's blog" href="https://his-best.biz/">his-best.biz</a>, which he updates regularly about the best way to get the most out of your commercial property investment.
 
 
 
</body></html>

chrislang-EQKojcgJPV

How to choose the right investment vehicle for your commercial property investment

<html><body>
One of the pillars of the Australian financial system, the independence of the Reserve Bank of Australia to set interest rates, is crumbling. It will soon be apparent to all that if anyone outside the big banks has the power to set interest rates in Australia, it is Treasurer Wayne Swan.
Successive Australian treasurers, including Swan, have endorsed the independence of the Reserve Bank and this new power is not one that the current treasurer desired. And I am not sure that either he or Treasury have fully grasped that the game has changed.
<div id="adPara"><center>
<div id="adOnFly"></div>
</center></div>
With the benefit of hindsight we should have realised that the ability of the Reserve Bank to be the main determiner of interest rates was weakened when Australian banks in the last two decades – but particularly in the last 10 years – turned their back on using local Australian savers but rather funded their growth by massive overseas borrowing on the wholesale banking market.
At the time, they could obtain funds overseas much more cheaply than local savings and this was a contributor to the large growth in bank profits and the Australian economy. But if we had thought about it, we would have realised that we had greatly lessened our power over Australia’s interest rate destiny.
On two occasions in the last four years, international events have boosted the cost of this wholesale funding and it is possible the current high cost of overseas bank money will continue for a long time.
Right now the fundamental change is being obscured by a treasurer playing politics and blaming the banks. I am sure Wayne Swan knows that if the banks allowed their profits to fall at this time, the cost of this overseas money would skyrocket further, forcing even higher interest rates. But the government is under pressure so Swan must do his part and pass on blame to the nasty banks.
As it happens the Reserve Bank‘s recent analysis of the Australian economy is suspect. They almost raised interest rates around the April-July period of 2011 but thanks to the stand of Business Spectator and later Westpac economist Bill Evans, they were saved from making a major error. I have stepped back because the Reserve Bank began lowering rates, but its latest statements have rekindled my fear that it is again out of touch with what is happening in the real, non-mining Australian world. But let us not make that judgement yet.
But even if the Reserve Bank reduced interest rates, it only affects part of the bank funding base. In other words, the RBA no longer has full power. In my view the only person with that power is Wayne Swan. Overseas investors are scrambling to buy Australian government paper and the government can borrow at much lower rates than the banks. Swan should be ready to tap that market and fund maturing overseas bank borrowing at much lower rates. This would enable banks to lower interest rates. He would make a profit and set some conditions about pass on, etc. Swan would boost the economy and may even lower the dollar.
No treasurer in modern history has had this power and Wayne Swan has not sought it. But when unemployment in non-mining Australia starts to jump, it will be time to exercise.
This article originally appeared on <a href="https://www.businessspectator.com.au/" target="_blank">Business Spectator.</a>
 
 
</body></html>

rgottliebsen-VjLFh9nsD4

Swan song for the RBA: Gottliebsen

<html><body>
The NSW government’s decision to restrict first-home buyer stamp duty concessions to new homes or vacant land from January 1, 2012 helped drive a seasonally adjusted 3.8% increase in mortgage lending in December and a 7% increase in first-home buyer mortgages, according to December ABS housing finance data.
The number of commitments for owner-occupied housing finance rose 2.3% over December.
First-home buyer mortgages are up 38% since mid-2011, while finance to upgraders was broadly flat in the month and over the last six months.
Dylan Eades, economic analyst at ANZ, describes the headline number as “encouraging” but urges caution because it was “most likely boosted by the bring-forward of NSW activity ahead of the removal of the first-home buyer stamp duty concessions”. 
The end to the stamp duty concession also boosted NSW mortgage commitments, which rose by 6.1% in December and are 11% higher over the past two months. 
“Given that much of this growth has been driven by first home buyers, we are anticipating a mild retracement in NSW activity at the beginning of 2012,” says Eades.
New lending to owner-occupiers excluding refinancing rose 8.7% in the final quarter to be 4.6% higher through the year.
“Recall that it was a weak start to the 2011 year, on the back of the RBA's November 2010 rate hike and flood disruptions,” commented Westpac economist Andrew Hanlon. <img src="/images/stories/westpacfeb14.gif"> 
Hanlon also noted that NSW outperformed the market with mortgage commitments up 23% for the half year “as stamp duty changes to take effect from January 2012 triggered a bring-forward”.
Fixed-interest loans for investment purposes increased 7.5% during December to $7.1 billion following a 2.7% increase in November.
However, Hanlon says this type of financing can be volatile and notes that “the investor market was relatively subdued throughout 2011, with finance up just 1.8% for the year, against the backdrop of generally softer house prices”.
On a seasonally adjusted basis, demand for owner-occupier mortgages in Queensland was up 6.9% in the month, following a 2% rise, but still ended the 2011 year down by 1%. Victoria and WA reported a 1.3% gain, while SA and Tasmania reported falls.
Master Builders Australia describes the increase in housing finance in December as a positive sign but says it needs to be sustained.
“The key finance indicator released today by the ABS shows that demand for new dwellings is showing early signs of a pick-up in response to the interest rate cuts in November and December last year,” says Peter Jones, MBA chief economist.
“Loans for construction of dwellings and purchase of new dwellings, combined, were up 2.1% in December, and there was an encouraging lift in investment-related construction loans.”
“Finance commitments remain weak by historical standards, but the housing market is beginning to pick itself off the floor as the bring-forward effect of the government’s boost scheme fades and first-home buyers respond to lower interest rates and more affordable house prices.”
 
 
</body></html>

First-home buyer mortgages up in December thanks to December NSW stamp duty deadline

<html><body>
Owning your own house, regardless of its location, is still the best way to accumulate wealth over the long term, according to McGrath Real Estate boss John McGrath.
Blogging on switzer.com.au, McGrath points to December 2011 data from the ABS about household wealth, which shows “the rising value of people’s homes, or their net equity in their homes, represents the largest proportion of their household wealth at 41%”.
“Next in line is superannuation, then other property holdings such as residential investments,” he says.
“The ABS figures show that average household net worth in 2009-10 was 14% higher than in 2005-06 and 30% higher than in 2003-04.”
McGrath says another statistic to emerge from the ABS data is that when you look at increased household wealth over the past six years, “the family home accounts for a third of that increased wealth in both metropolitan and regional areas”.
“This is really encouraging especially for young buyers in coastal or country communities where property is far more affordable, yet its importance for growing wealth creation is just as high as it is for city dwellers in more expensive markets,” he says.
According to McGrath there are “exceptional opportunities in the market right now if you’re intending to buy and hold long term”.
McGrath also notes the increasing numbers of investors interested in property at the moment as seen in figures from mortgage broker AFG, which show an average of 36% of all new loans went to investors each month in 2011.
“If you can afford to get involved in property at a young age, I would really encourage it. Over the long term, it is a very safe and stable asset class that will become your most valuable financial investment for the future.
“Yes, it is also the most expensive asset class and does make up the highest proportion of household debt. But we get a lot of help with the capital gains exemption on family homes and negative gearing on investments. Not to mention the availability of finance and the first home owner’s grant for younger buyers,” he says.
Besides good buying opportunities, McGrath says interest rates are heading down and there are also some “attractive fixed loans available right now”.
“Right now, fixed rates are very competitive and this has attracted a surge in fixed rate deals. People have also been concerned about cost-of-living pressures and economic events overseas, so they’ve sought the security of a fully fixed or part-fixed loan,” he says.
Buying activity from McGrath’s mortgage broking arm Oxygen Home Loans reveals that most customers are opting for a split loan with a portion of their loans on the variable rate.
Whether you choose a fixed, variable or part fixed/part variable loan, McGrath says borrowers should seek loans that have the following these features:
<ul>
<li>Your lender must allow you to make repayments at any time without penalty. </li>
<li>Your lender should also offer multiple methods of repayment to suit your lifestyle. </li>
<li>You should also have the flexibility to make your regular periodic repayments either weekly, fortnightly or monthly. </li>
<li>Ensure you have a redraw facility in case something happens and you suddenly need extra cash for an emergency.</li>
</ul>
McGrath’s faith in the market is reflected in the real estate group’s continued expansion with a new office in Frenchs Forest on Sydney’s Northern Beaches set to open in February following the acquisition of long-established local agency W. E. Jamieson Real Estate. 
The new office will be the group’s seventh in the Northern Beaches, having opened its first office in Manly in 2003. It will service the suburbs of Forestville, Frenchs Forest, Killarney Heights, Belrose and Davidson.
 
 
 
</body></html>

Owning a home still the best way to generate wealth: John McGrath

<html><body>
Fairfield, six kilometres north east of the Melbourne CBD, topped the list of suburbs to record inflation-busting rental growth for the year to January 2012 with rents rising 13.4% according to property manager Run Property.
In total 28 Sydney suburbs, 23 Melbourne suburbs and two Brisbane suburbs recorded rent rises above inflation (4.8%) over the 12 month period.
The list only includes those suburbs where RUN has sufficient data to give an indication of rental movement.
The rental component within the CPI recorded a 4.8% increase during the 2011 calendar year, according to the Australian Bureau of Statistics.
The full list is:
New South Wales  
<table style="width: 470px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td width="116" valign="top">
Suburb
</td>
<td width="116" valign="top">
Jan 2011 weekly rent average 
</td>
<td width="116" valign="top">
Jan 2012 weekly rent average
</td>
<td width="116" valign="top">
Average weekly rent difference in dollars
 
</td>
<td width="116" valign="top">
Percentage average weekly rent difference
 
</td>
</tr>
<tr>
<td width="116" valign="top">
EDGECLIFF
</td>
<td width="116" valign="top">
$389.26
</td>
<td width="116" valign="top">
$438.28
</td>
<td width="116" valign="top">
$49.02
</td>
<td width="116" valign="top">
12.6%
</td>
</tr>
<tr>
<td width="116" valign="top">
CREMORNE
</td>
<td width="116" valign="top">
$469.92
</td>
<td width="116" valign="top">
$524.97
</td>
<td width="116" valign="top">
$55.04
</td>
<td width="116" valign="top">
11.7%
</td>
</tr>
<tr>
<td width="116" valign="top">
SURRY HILLS
</td>
<td width="116" valign="top">
$495.16
</td>
<td width="116" valign="top">
$551.96
</td>
<td width="116" valign="top">
$56.79
</td>
<td width="116" valign="top">
11.5%
</td>
</tr>
<tr>
<td width="116" valign="top">
BELLEVUE HILL
</td>
<td width="116" valign="top">
$434.99
</td>
<td width="116" valign="top">
$479.98
</td>
<td width="116" valign="top">
$45.00
</td>
<td width="116" valign="top">
10.3%
</td>
</tr>
<tr>
<td width="116" valign="top">
COOGEE
</td>
<td width="116" valign="top">
$588.83
</td>
<td width="116" valign="top">
$649.57
</td>
<td width="116" valign="top">
$60.73
</td>
<td width="116" valign="top">
10.3%
</td>
</tr>
<tr>
<td width="116" valign="top">
RANDWICK
</td>
<td width="116" valign="top">
$555.48
</td>
<td width="116" valign="top">
$611.05
</td>
<td width="116" valign="top">
$55.58
</td>
<td width="116" valign="top">
10.0%
</td>
</tr>
<tr>
<td width="116" valign="top">
RYDE
</td>
<td width="116" valign="top">
$346.19
</td>
<td width="116" valign="top">
$380.41
</td>
<td width="116" valign="top">
$34.22
</td>
<td width="116" valign="top">
9.9%
</td>
</tr>
<tr>
<td width="116" valign="top">
NEUTRAL BAY
</td>
<td width="116" valign="top">
$446.15
</td>
<td width="116" valign="top">
$489.46
</td>
<td width="116" valign="top">
$43.31
</td>
<td width="116" valign="top">
9.7%
</td>
</tr>
<tr>
<td width="116" valign="top">
BONDI
</td>
<td width="116" valign="top">
$552.38
</td>
<td width="116" valign="top">
$601.14
</td>
<td width="116" valign="top">
$48.76
</td>
<td width="116" valign="top">
8.8%
</td>
</tr>
<tr>
<td width="116" valign="top">
RUSHCUTTERS BAY
</td>
<td width="116" valign="top">
$584.35
</td>
<td width="116" valign="top">
$635.47
</td>
<td width="116" valign="top">
$51.11
</td>
<td width="116" valign="top">
8.7%
</td>
</tr>
<tr>
<td width="116" valign="top">
LANE COVE
</td>
<td width="116" valign="top">
$408.76
</td>
<td width="116" valign="top">
$444.38
</td>
<td width="116" valign="top">
$35.62
</td>
<td width="116" valign="top">
8.7%
</td>
</tr>
<tr>
<td width="116" valign="top">
BRONTE
</td>
<td width="116" valign="top">
$499.04
</td>
<td width="116" valign="top">
$541.44
</td>
<td width="116" valign="top">
$42.40
</td>
<td width="116" valign="top">
8.5%
</td>
</tr>
<tr>
<td width="116" valign="top">
ROSE BAY
</td>
<td width="116" valign="top">
$466.21
</td>
<td width="116" valign="top">
$504.98
</td>
<td width="116" valign="top">
$38.77
</td>
<td width="116" valign="top">
8.3%
</td>
</tr>
<tr>
<td width="116" valign="top">
NEWTOWN
</td>
<td width="116" valign="top">
$532.41
</td>
<td width="116" valign="top">
$576.16
</td>
<td width="116" valign="top">
$43.75
</td>
<td width="116" valign="top">
8.2%
</td>
</tr>
<tr>
<td width="116" valign="top">
GLEBE
</td>
<td width="116" valign="top">
$492.92
</td>
<td width="116" valign="top">
$531.67
</td>
<td width="116" valign="top">
$38.75
</td>
<td width="116" valign="top">
7.9%
</td>
</tr>
<tr>
<td width="116" valign="top">
WOOLLOOMOOLOO
</td>
<td width="116" valign="top">
$503.66
</td>
<td width="116" valign="top">
$542.57
</td>
<td width="116" valign="top">
$38.91
</td>
<td width="116" valign="top">
7.7%
</td>
</tr>
<tr>
<td width="116" valign="top">
CHIPPENDALE
</td>
<td width="116" valign="top">
$592.24
</td>
<td width="116" valign="top">
$636.35
</td>
<td width="116" valign="top">
$44.11
</td>
<td width="116" valign="top">
7.4%
</td>
</tr>
<tr>
<td width="116" valign="top">
DARLINGHURST
</td>
<td width="116" valign="top">
$512.71
</td>
<td width="116" valign="top">
$550.51
</td>
<td width="116" valign="top">
$37.80
</td>
<td width="116" valign="top">
7.4%
</td>
</tr>
<tr>
<td width="116" valign="top">
PYRMONT
</td>
<td width="116" valign="top">
$612.42
</td>
<td width="116" valign="top">
$655.61
</td>
<td width="116" valign="top">
$43.18
</td>
<td width="116" valign="top">
7.1%
</td>
</tr>
</tbody></table>
 
Victoria
<table style="width: 470px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td width="108" valign="top">
Suburb
</td>
<td width="108" valign="top">
Jan 2011 weekly rent average
</td>
<td width="108" valign="top">
Jan 2012 weekly rent average
</td>
<td width="108" valign="top">
Average weekly rent difference in dollars
</td>
<td width="108" valign="top">
Percentage average weekly rent difference
 
</td>
</tr>
<tr>
<td width="108" valign="top">
FAIRFIELD
</td>
<td width="108" valign="top">
$292.89
</td>
<td width="108" valign="top">
$332.11
</td>
<td width="108" valign="top">
$39.22
</td>
<td width="108" valign="top">
13.4%
</td>
</tr>
<tr>
<td width="108" valign="top">
EAST MELBOURNE
</td>
<td width="108" valign="top">
$376.26
</td>
<td width="108" valign="top">
$414.26
</td>
<td width="108" valign="top">
$38.00
</td>
<td width="108" valign="top">
10.1%
</td>
</tr>
<tr>
<td width="108" valign="top">
FITZROY
</td>
<td width="108" valign="top">
$337.27
</td>
<td width="108" valign="top">
$368.94
</td>
<td width="108" valign="top">
$31.67
</td>
<td width="108" valign="top">
9.4%
</td>
</tr>
<tr>
<td width="108" valign="top">
RICHMOND
</td>
<td width="108" valign="top">
$343.74
</td>
<td width="108" valign="top">
$375.94
</td>
<td width="108" valign="top">
$32.20
</td>
<td width="108" valign="top">
9.4%
</td>
</tr>
<tr>
<td width="108" valign="top">
ARMADALE
</td>
<td width="108" valign="top">
$328.95
</td>
<td width="108" valign="top">
$358.33
</td>
<td width="108" valign="top">
$29.38
</td>
<td width="108" valign="top">
8.9%
</td>
</tr>
<tr>
<td width="108" valign="top">
PRAHRAN
</td>
<td width="108" valign="top">
$359.29
</td>
<td width="108" valign="top">
$390.25
</td>
<td width="108" valign="top">
$30.96
</td>
<td width="108" valign="top">
8.6%
</td>
</tr>
<tr>
<td width="108" valign="top">
FITZROY NORTH
</td>
<td width="108" valign="top">
$410.92
</td>
<td width="108" valign="top">
$445.60
</td>
<td width="108" valign="top">
$34.68
</td>
<td width="108" valign="top">
8.4%
</td>
</tr>
<tr>
<td width="108" valign="top">
SOUTH YARRA
</td>
<td width="108" valign="top">
$361.03
</td>
<td width="108" valign="top">
$390.72
</td>
<td width="108" valign="top">
$29.69
</td>
<td width="108" valign="top">
8.2%
</td>
</tr>
<tr>
<td width="108" valign="top">
HAWTHORN
</td>
<td width="108" valign="top">
$344.52
</td>
<td width="108" valign="top">
$371.02
</td>
<td width="108" valign="top">
$26.50
</td>
<td width="108" valign="top">
7.7%
</td>
</tr>
<tr>
<td width="108" valign="top">
NORTHCOTE
</td>
<td width="108" valign="top">
$412.05
</td>
<td width="108" valign="top">
$443.64
</td>
<td width="108" valign="top">
$31.59
</td>
<td width="108" valign="top">
7.7%
</td>
</tr>
<tr>
<td width="108" valign="top">
CARLTON NORTH
</td>
<td width="108" valign="top">
$399.47
</td>
<td width="108" valign="top">
$429.61
</td>
<td width="108" valign="top">
$30.14
</td>
<td width="108" valign="top">
7.5%
</td>
</tr>
<tr>
<td width="108" valign="top">
KENSINGTON
</td>
<td width="108" valign="top">
$365.27
</td>
<td width="108" valign="top">
$392.48
</td>
<td width="108" valign="top">
$27.21
</td>
<td width="108" valign="top">
7.4%
</td>
</tr>
<tr>
<td width="108" valign="top">
ST KILDA EAST
</td>
<td width="108" valign="top">
$366.57
</td>
<td width="108" valign="top">
$391.50
</td>
<td width="108" valign="top">
$24.93
</td>
<td width="108" valign="top">
6.8%
</td>
</tr>
<tr>
<td width="108" valign="top">
MALVERN EAST
</td>
<td width="108" valign="top">
$377.66
</td>
<td width="108" valign="top">
$402.50
</td>
<td width="108" valign="top">
$24.84
</td>
<td width="108" valign="top">
6.6%
</td>
</tr>
<tr>
<td width="108" valign="top">
BRUNSWICK
</td>
<td width="108" valign="top">
$362.21
</td>
<td width="108" valign="top">
$385.75
</td>
<td width="108" valign="top">
$23.54
</td>
<td width="108" valign="top">
6.5%
</td>
</tr>
<tr>
<td width="108" valign="top">
MALVERN
</td>
<td width="108" valign="top">
$391.60
</td>
<td width="108" valign="top">
$415.64
</td>
<td width="108" valign="top">
$24.04
</td>
<td width="108" valign="top">
6.1%
</td>
</tr>
<tr>
<td width="108" valign="top">
CLIFTON HILL
</td>
<td width="108" valign="top">
$391.11
</td>
<td width="108" valign="top">
$414.99
</td>
<td width="108" valign="top">
$23.88
</td>
<td width="108" valign="top">
6.1%
</td>
</tr>
<tr>
<td width="108" valign="top">
ESSENDON
</td>
<td width="108" valign="top">
$299.75
</td>
<td width="108" valign="top">
$317.63
</td>
<td width="108" valign="top">
$17.88
</td>
<td width="108" valign="top">
6.0%
</td>
</tr>
<tr>
<td width="108" valign="top">
BRUNSWICK WEST
</td>
<td width="108" valign="top">
$263.60
</td>
<td width="108" valign="top">
$278.85
</td>
<td width="108" valign="top">
$15.25
</td>
<td width="108" valign="top">
5.8%
</td>
</tr>
<tr>
<td width="108" valign="top">
MOONEE PONDS
</td>
<td width="108" valign="top">
$308.91
</td>
<td width="108" valign="top">
$326.57
</td>
<td width="108" valign="top">
$17.65
</td>
<td width="108" valign="top">
5.7%
</td>
</tr>
<tr>
<td width="108" valign="top">
GLEN IRIS
</td>
<td width="108" valign="top">
$378.82
</td>
<td width="108" valign="top">
$399.69
</td>
<td width="108" valign="top">
$20.87
</td>
<td width="108" valign="top">
5.5%
</td>
</tr>
</tbody></table>
 
Queensland
<table style="width: 470px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td width="121" valign="top">
Suburb
</td>
<td width="97" valign="top">
Jan 2011 weekly rent average
</td>
<td width="109" valign="top">
Jan 2012 weekly rent average
</td>
<td width="109" valign="top">
Average weekly rent difference in dollars
</td>
<td width="109" valign="top">
Percentage average weekly rent difference
 
</td>
</tr>
<tr>
<td width="121" valign="top">
NUNDAH
</td>
<td width="97" valign="top">
$290.57
</td>
<td width="109" valign="top">
$310.50
</td>
<td width="109" valign="top">
$19.93
</td>
<td width="109" valign="top">
6.9%
</td>
</tr>
<tr>
<td width="121" valign="top">
AUCHENFLOWER
</td>
<td width="97" valign="top">
$324.71
</td>
<td width="109" valign="top">
$341.18
</td>
<td width="109" valign="top">
$16.47
</td>
<td width="109" valign="top">
5.1%
</td>
</tr>
</tbody></table>
Source: RUN Property
 
 
 
 
 
 
</body></html>

Latest Expert Insights

The apartment feature many buyers don't think about, until their first missed delivery

Guides

Editor's Picks

Guides

Developments

New apartments

New townhouses

News

Latest Expert Insights

The apartment feature many buyers don't think about, until their first missed delivery

Guides

Editor's Picks

Receive the latest news stories to your inbox

Guides

Developments

New apartments

New townhouses

News