Buyers considering a residence at boutique Gordon townhouse development <a href="https://www.apartments.com.au/new-townhouses/lume-gordon-43-47-dumaresq-street-gordon-nsw-2072">Lume</a>&nbsp;now have another reason to bring forward their decision.

For a limited time, purchasers of a residence at Lume will receive a BMW iX3 50 electric SUV, valued at more than $120,000, as part of their purchase. The offer is designed to add value for buyers while complementing the lifestyle envisioned for the architecturally designed Upper North Shore development.

Scott Timmins, Development Manager at <a href="https://www.apartments.com.au/developers/winim">WINIM</a>, said the partnership was created to provide buyers with a compelling reason to act.

"In today's market, buyers need a compelling reason to act now, and the BMW partnership was designed to create that catalyst. We wanted to add genuine value for our future purchasers. Choosing the all-electric BMW iX3 50 also reflects the values behind LUME, forward-thinking design, innovation and a more sustainable way of living. It's a premium incentive that complements the lifestyle our buyers aspire to and rewards those who commit early."

[smartcode_project:default project_id=7354 project_image_fid=374893]

Delivered by WINIM in partnership with Burtonwood Investment Partners, Lume comprises 14 architecturally designed two, three and four-bedroom townhomes created for families seeking the space of a freestanding house with the ease of modern, low-maintenance living.

The three-storey residences, designed by award-winning architecture practice <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, have been tailored for families and multi-generational living, featuring private internal lifts, flexible lower-level spaces, generous open-plan living and entertaining areas, media rooms, and landscaped outdoor spaces with custom outdoor kitchens.&nbsp;

Inside, engineered oak flooring, bespoke dining joinery with integrated wine fridges and backlit bars, sculptural porcelain bathrooms, Parisi freestanding baths and Astra Walker tapware create interiors that balance functionality with refined finishes.

Each townhome has been designed to combine generous internal spaces with sustainability initiatives such as EV charging infrastructure, while <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>'s landscaped communal areas, centred around a restored creek line and native planting, encourage residents to connect with nature and spend more time outdoors.

[smartcode_project:default project_id=7354 project_image_fid=269527]

Rothelowman's Gary Tsui said the architecture was conceived to respond carefully to its Upper North Shore setting.

"Our vision was to create elegant, uplifting homes that draw on and positively contribute to the local character through meticulously considered design and an interaction with the surroundings."

The communal landscape has been designed as more than an open space between homes. Arcadia's Ben Newell and Kate Phillips said the adjoining reserve provided an opportunity to create a distinctive natural retreat for residents.

"Just as waterways carve their way through Ku-ring-gai's landscape, a raised boardwalk weaves through the reserve, connecting the homes to this tranquil oasis."

[smartcode_project:default project_id=7354 project_image_fid=374892]

Located just 300 metres from <a href="https://www.apartments.com.au/developments/gordon-nsw-2072">Gordon</a> Village and Gordon railway station, Lume offers convenient access to Sydney's CBD while placing residents close to some of the North Shore's leading schools, including Ravenswood, Pymble Ladies' College and Knox Grammar. Lane Cove National Park, Gordon Golf Club and a range of cafés and restaurants further reinforce the family-focused lifestyle on offer, with the BMW iX3 50 complementing everything from local trips around Gordon to weekend drives and city commutes.

Construction is underway with completion expected in mid-2027.

[smartcode_project_cta:default project_id=7354]

Joel Robinson

Boutique Gordon townhomes now come with a BMW iX3 50

Two apartments have sold for more than $10 million at EADE Byron Bay, setting some of the highest apartment prices ever achieved in the coastal town and underlining the growing appetite for luxury beachfront apartments in Australia's most popular coastal locations.

The $210 million project by Vitale Property Group has now secured more than $70 million in sales, led by residences that changed hands for $12.75 million and $11.75 million.

The record-breaking transactions reinforce the shift occurring in Byron Bay's premium property market, where affluent downsizers and lifestyle buyers are increasingly opting for high-end apartments over large beachfront homes.

<a href="https://www.apartments.com.au/new-apartments/eade-byron-bay-29-shirley-street-byron-bay-nsw-2481">EADE Byron Bay</a> occupies a rare 6,000 sqm absolute beachfront site on the corner of Shirley and Milton Streets overlooking Main Beach and The Wreck surf break, just 350 metres from Byron Bay's town centre.

The 25-residence development is the first beachfront apartment project approved in Byron Bay in more than a decade and is currently under construction, with completion expected in May 2027.

[smartcode_project:default project_id=145590 project_image_fid=359521]

The project has attracted a mix of local Byron Shire residents downsizing from larger homes, alongside interstate buyers from Sydney, Melbourne and Brisbane seeking a permanent coastal lifestyle without compromising on space.

Designed by <a href="https://www.apartments.com.au/architects/hayball">Hayball</a> and with interiors by <a href="https://www.apartments.com.au/interior-designers/alexander-co">Alexander &amp; Co</a>, EADE comprises&nbsp;10 garden apartments ranging from 284 sqm to 622 sqm, nine with private pools, five full-floor apartments and 10 rooftop residences with private plunge pools, expansive outdoor entertaining areas and uninterrupted ocean views.

[smartcode_project:default project_id=145590 project_image_fid=359527]

<a href="https://www.apartments.com.au/developers/vitale-property-group">Vitale Property Group</a> Managing Partner Chris Vitale said the project's combination of scale, location and limited future supply was driving buyer demand.

"There isn't another beachfront holding in Byron Bay of this size and position that could be developed again," Vitale said.

"Buyers are responding to the scarcity and the irreplaceability of a site of this calibre and to floorplans they can't find elsewhere in the market.

"We are seeing buyers place significant value on quality, space, design, resort-style amenities and the rarity of the location. The sales achieved to date demonstrate that discerning purchasers recognise the long-term significance of what is being created at EADE Byron Bay.

"Many are coming from larger homes in the Byron region, or from Sydney, Melbourne and Brisbane, and are after the space, security and convenience, without the upkeep of a house."

&nbsp;

[smartcode_project:default project_id=145590 project_image_fid=359523]

The Byron Bay project follows Vitale Property Group's delivery of the Mondrian Hotel and Private Residences at Burleigh Heads, with EADE continuing the developer's focus on luxury coastal developments.

Residents will have access to a resort-style swimming pool, gymnasium, sauna, cold plunge pool, concierge services and dedicated workspaces, while the project is targeting an 8-Star Green Star rating.

EADE Byron Bay is being exclusively marketed by Projx Australia in conjunction with WHITEFOX Projects.

WHITEFOX National Projects Director Phillip Rand said demand had been driven predominantly by owner-occupiers.

"We are seeing buyers at EADE place significant value on quality, space, design, resort-style amenities and the rarity of this location," Rand says.

"The sales achieved to date demonstrate that purchasers at this level recognise the long-term significance of what is being created at EADE Byron Bay."

Residences at EADE Byron Bay are currently priced between $4.75 million and $15.95 million.

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[smartcode_project_cta:default project_id=145590]

Vitale breaks Byron Bay records with EADE sales flurry 

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

<a href="https://www.apartments.com.au/developers/hg-developments">HG Developments</a> is doubling down on Maud Street in Newstead, filing plans for a new apartment tower just a few doors down from its under-construction Aire Newstead development.

Recently submitted to Brisbane City Council, the proposal is for an 18-storey building designed by bureau^proberts, which has drawn heavily on Brisbane's subtropical design principles while referencing the suburb's industrial heritage.

A total of 64 apartments are planned for the amalgamated 1,518 sqm site at <a href="https://www.apartments.com.au/new-apartments/17-21-maud-street-newstead-qld-4006">17–21 Maud Street</a>, a short walk from the Brisbane River and Newstead Riverwalk.

<img alt="First look: HG Developments plans 18-storey subtropical apartment tower for Newstead" data-entity-type="file" data-entity-uuid="a400c7fd-bd15-48f8-a63b-10ede92efe00" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Maud%20st%20bldg.png?VersionId=.0vPmjpbC7CNP7kqGWa6L7rGIwsNExaw" />

"The building is defined by a series of vaulted motifs that reinterpret the arches, colonnades and layered facades evident throughout Newstead's historic built fabric," the Urban Design Report states.

"Combined with recessed glazing and generous balconies, these elements create a layered building envelope that provides shade, weather protection and opportunities for natural ventilation whilst establishing a distinctive architectural identity."

The proposal comprises 64 two, three and four-bedroom apartments across 18 residential levels, positioning it alongside a growing number of taller residential projects transforming Newstead's northern precinct. The tower incorporates extensive subtropical landscaping, with cascading planter boxes, deep planting at street level and a landscaped rooftop recreation area.

<img alt="First look: HG Developments plans 18-storey subtropical apartment tower for Newstead" data-entity-type="file" data-entity-uuid="1d8140f4-8b98-45cd-b1b8-1efe8c8e266b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Maud%20st%20podium.png?VersionId=VAZtbCoD44YCJ57N99fQCAKeSJx7ldZs" />

Bureau Proberts has prioritised passive environmental design throughout the project, with generous balconies, recessed glazing and operable façades helping reduce solar heat gain while maximising natural ventilation. River views become available from the upper levels, while the building has been orientated to capture prevailing breezes from both the Brisbane River and the west.

The architects say landscape is intended to be integral to the building rather than an applied element.

"Vertical greenery, cascading planter boxes and elevated gardens are woven throughout the architecture, softening the built form and strengthening the connection between residents and the subtropical environment."

"Through the integration of landscape, high-quality materials and passive design principles, the development delivers a refined residential address that celebrates Newstead's heritage character while contributing positively to Brisbane's evolving subtropical identity."

Newstead has remained one of Brisbane's most active apartment markets in recent years, with a number of developers continuing to back the inner-city suburb.

HG Developments is currently delivering the 40-apartment Aire Newstead at 25 Maud Street. Fortis recently launched the 65-apartment <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a> on Kyabra Street, while builder-developer BPG and Don O'Rorke's Consolidated Properties are both expected to launch their respective Newstead projects before the end of the year.

HG Developments doubles down in Newstead with second Maud Street apartment development

Walk past a new apartment development promoting its sustainability credentials and it's easy to picture rooftop gardens, mature trees, landscaped courtyards and residents surrounded by nature.

But in many cases, that's not actually what those sustainability ratings guarantee.

Australia's leading environmental rating tools have played a significant role in improving the energy efficiency and environmental performance of buildings. Yet despite their focus on reducing emissions, many don't require developers to include trees, biodiversity or meaningful green space.

In other words, a building can achieve one of the country's highest sustainability ratings while containing little more than concrete, glass and hard landscaping.

That disconnect has led to the emergence of a new movement across Australia's property industry: nature-based cities.

The concept goes beyond designing buildings that consume less energy. Instead, it encourages developers to treat nature as essential infrastructure, integrating biodiversity, tree canopy, living landscapes and green spaces into projects from the earliest stages of planning.

Research has consistently linked access to nature with better physical and mental health, cooler neighbourhoods, improved biodiversity, stronger climate resilience and more connected communities. As Australia's cities continue to become denser, advocates say those outcomes should be considered just as important as energy efficiency.

Nature Based Cities (NBC) was established in 2022 to help accelerate that shift.

Founded by Hamton Executive Chairman Paul Hameister OAM, the not-for-profit was created after research highlighted a significant gap in Australia's sustainability framework. While existing environmental rating tools rewarded energy performance and emissions reductions, they placed little emphasis on the inclusion of living landscapes.

"We've always wanted to do more, and we know other developers who want to do more, but the ESD rating tools just aren't there," Hameister says.

"In Australia, you can have a five-green-star rated building that's concrete and glass with not a blade of grass.

"The focus is on reducing emissions, which is laudable, but there hasn't been enough attention paid to protecting and re-establishing nature. We need both for the health of the environment and for communities."

Since its launch, NBC has developed independent design guidelines and accreditation frameworks that encourage developers to prioritise ecology, biodiversity, tree canopy, walkability and living landscapes alongside traditional sustainability measures. The organisation first focused on medium and high-density residential developments before recently expanding into precinct-scale communities and masterplanned neighbourhoods.

Jan Talacko, founder of sustainability consultancy Ark Resources and a member of the Nature Based Cities Advisory Council, says the initiative addresses an area that has largely been overlooked by the property industry.

"Throughout my 25 years of working collaboratively with all stakeholders in the property sector, I've always favoured a pragmatic approach to sustainable design which encourages initiatives that not only meet environmental expectations but also improve amenity," Talacko says.

"Whilst we are making steady progress in relation to energy and carbon emissions from buildings, there has been much less emphasis on encouraging biodiversity and tackling the urban heat island effect.

"The Nature Based Cities initiative responds to a gap in the suite of tools currently used by the property development sector, which don't provide sufficient incentive, or recognition, for the integration of landscaping and greenery."

For apartment buyers, the shift is also changing the questions worth asking.

Rather than assuming a sustainable building will naturally include abundant green space, buyers are increasingly being encouraged to look beyond environmental ratings and ask what nature is actually being delivered. How much tree canopy will the development create? Has biodiversity been considered? Are landscaped spaces designed for people as well as appearance?

As Australia's cities continue to grow upwards and outwards, the next generation of sustainability may not simply be measured by lower emissions, but by how successfully developments bring nature back into everyday urban life.

What does it really mean for a building to be 'green'?

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>

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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.

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<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>

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Ellen Walker

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

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There's no escaping the fact that currently it is a tough market to sell. We are finding that auction is a great method as it motivates buyers to make a decision to purchase in a set time frame and is achieving good price results for our vendors. 
Our auction campaign clearance rate over a three-phase campaign is 70% at present. 
At a recent auction in Parkside in South Australia, we had strong interest and three registered bidders. The three bedroom townhouse sold under the hammer for $340,000, which was a price we don't think we would have achieved if the property wasn't under auction conditions.
<ul>
<li>The merits of going to auction in the current market are that auction: </li>
<li>Gives vendors an opportunity of getting a cash unconditional contract.</li>
<li>Gives a time frame to purchasers to organise there purchasing position.</li>
<li>Allows the market to give indication on market price from feedback.</li>
<li>Even if property does not go on auction day, you will have three weeks of "gold" information to use when setting a price to take it to the market with so you don’t price it out of the market place.</li>
</ul>
 Properties with large buyer groups, development opportunities, family homes, and anything the agent believes is going to have good competition will be the best to market in the final stages of winter and into the onset of spring.
 Additionally a property that is hard to identify a true market value for would be good to list and sell now and quite simply leaving it up to the market to decide its price.
Michael Fenn is principal of<a target="_blank" title="LJ Hooker Greenwith" href="https://www.google.com.au/search?rlz=1C1CHKB_en-GBAU429AU429&amp;sourceid=chrome&amp;ie=UTF-8&amp;q=lj+hooker+greenwith"> LJ Hooker Greenwith, SA</a>
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Auctions motivate buyers, even in tough markets

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Auctions are still the best way for committed sellers to attract buyers, no matter the state of the market. An auction sends a direct signal to buyers that a vendor is committed to selling a home, even in challenging times. It also gives people confidence they are paying fair market value for a home.
Raine &amp; Horne Crows Nest recently sold a two-bedroom, one-bathroom semi-detached home at 81 West Street, Crows Nest, for a price significantly above expectations at $1.125 million. David Hill, principal of Raine &amp; Horne Crows Nest, notes that the West Street auction was attended by 100 people, with six registered bidders. “We realised the property would be popular, while the owner’s commitment to sell, made this a good property to take to auction,” he says.
It is true auction campaigns are popular when the property market is robust, but it can also work in softer markets. This is because with an auction there is a defined timeline built around the sale of a property which is appealing to serious buyers.
This often makes the auction process a sensible choice when the market is dropping, because it restricts the selling timeframes.
Many auctions result in a sale, even if not immediately on auction day. Although a property may not always sell under the hammer, it is rare that we would not sell all of our auction listings within one or two weeks after the auction process. In fact, the best agents and auctioneers are working together with buyers to set a platform for the property to sell immediately after auction, and this is where we are seeing most of the activity at the moment.
In a market where agents face the challenge of matching sellers with buyers, auctions provide the vital middle ground. This is because many buyers are seeking a bargain, while a significant number of owners are still hoping their property is worth the same amount as 12 months ago. There are plenty of buyers in the market, and auctions can bring these buyers together with an owner to agree on a price. This doesn’t happen when you have one buyer and one owner, as is often the case with a private treaty sale.
Where properties don’t sell at auction, this is because the owner has set an unrealistic price, or there are some due diligence issues for buyers to sift through. However, those listings that typically sell well at auction include straightforward properties, such as freestanding homes in good streets with single tenants.
David Scholes is chief auctioneer for <a href="https://www.raineandhorne.com.au/" title="Raine &amp; Horne" target="_blank">Raine &amp; Horne</a> Auction Service
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Auctions still the best way to find committed buyers

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An increase in mortgage enquiries coupled with declining property prices may point to a return of buyers and investors to Western Australian and Queensland.
For the year to July 2011, mortgage enquiries have increased from 16.7% to 18.5% in Queensland and from 11.6% to 13.5% in Western Australia as a percentage of all enquiries on mortgage comparison website Yourmortgage.com.au.
During roughly the same period, property prices have declined by 6.3% in Brisbane and by 4.7% in Perth, according to the June RP Data?Rismark Hedonic Home Value Index.
The drop in capital values has been coupled with rental yields in both cities remaining at or above the national average for capital cities, indicating there may be opportunities for investors.
The position of investors appears particularly strong in Brisbane, where yields for both houses and units are well above the national capital city average – 4.7% for houses compared with 4.2% nationally and 5.3% for units compared with 4.9% nationally.
Perth houses are yielding above average returns of 4.3%, while units are returning a yield of 4.7%, just below the national average.
RP Data senior research analyst Cameron Kusher says Brisbane units, which are currently valued at median price below $380,000 compared with a capital city average of $420,000, are looking particurlarly attractive to investors.
Rismark economist Christopher Joye also sees opportunities for investors: “Patient folks opportunistically investing in housing are probably going to find the best prices, and valuation fundamentals, that they will have had access to in a long time.” 
“The Australian housing market’s demand- and supply-side fundamentals remain healthy. And they will improve further in the year ahead. The one fly in the ointment is interest rates. 
“When the RBA comes to cut them, affordability in this country is likely to be the best we’ve seen in over a decade, which will help fuel a robust recovery and encourage investors to allocate scarce capital to boosting housing supply,” he says. 
Analysis of the Yourmortgage.com.au statistics reveal that more than third of inquiries came from prospective NSW buyers, up 0.66% to 37.84%, while increases over this period were also recorded in the ACT (up 0.2% to 2.07%) and in the Northern Territory (up 0.55% to 0.99%).
The biggest drop in buyer activity occurred in Victoria, where mortgage enquiries declined by 3.39% to 21.8% over the course of the year.
The Melbourne investor market has been battered by the twin forces of declining property values and the lowest rental yields among all capital cities.
Melbourne property values have declined by 3.9% for the year to June, while gross rental yields stand at 3.7% for houses and 4.3% for units.
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Borrowing enquiries up in Queensland and WA

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Amelika, the bespoke Byron Bay hinterland property designed by architect Sharon Fraser in the white-box architectural style, has been sold. It was initially listed with $7 million-plus expectations in late 2009, and more recently marketed with a revised $4.95 million asking price.
It has been bought at an undisclosed price by Sydney businessman Tom Lane and his wife, Emma. Tom is from the Lane family, founders of the Oroton fashion empire, but left the family business about five years ago and runs Quicksmart Homes, which specialises in accommodation modules.
Byron Bay’s prestige market had been slow, with just one sale above $4.75 million in 2010, but in 2011 there have now been several sales including Sussan fashion chain executive chairwoman Naomi Milgrom expanding her holding with a $6.2 million acquisition. The 1,200-square-metre property was adjacent to her $4.75 million acquisition in 2007.
About the same time the 8.49-hectare Broken Head holding of the Smorgon family was sold for $6.3 million to the former WorleyParsons executive Russell Staley.
The Lanes’ acquisition, a single-level house, was built in 2006 on a flat block of land at Federal after the purchase by Fraser’s partner, Steve Esson, in 2005.
Only a 100-year-old cudgerie tree blocks any of the 360-degree views of the northern NSW coastline and surrounds.
The 10-hectare holding comes with two Minimalist sculptures by Melbourne artist Peter McLisky, a bore, windmill and dairy converted to an artist's studio.
There is also an 18-metre pool. It has been available at $7000 plus a week rental.
The building's green initiatives include solar-heated hydronic underfloor heating in its polished-cement floor and on-site waste management. It has retractable shading on external western walls that double as mosquito screens.
Amelika had been listed through Unique Estates agent Nicolette van Wijngaarden.
Melbourne's Smorgon family, who made their fortune in steel manufacturing, sold through Graham Dunn of Byron Bay Property Sales. Melbourne's Smorgon family secured approval for an eight-bedroom, Kerry Hill-designed house. With 460 metres of beachfront, the 8.49-hectare holding had been bought for $5.02 million in 2005 from actor Paul Hogan and long-time colleagues John Cornell and Allan Johnston, who had paid $265,000 in 1983.
It was 2006 when the publishing magnate Stephen Bush and his wife, Rachael, sold their Wategos Beach property for a record-breaking $15.68 million in 2006 to Sydney businessman Danny Goldberg. It then ranked as the best house on Wategos Beach, the small pocket beneath Cape Byron Lighthouse. Wategos House, a six-bedroom colonial-style property, had previously sold at $2.09 million in 2000 when bought by the Bushes. The 1500-square-metre Marine Parade property with a large front lawn overlooking the beach with landscaped tropical gardens had traded at $1770 in the late 1960s.
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jchancellor-FAypfDUnLy

Byron Bay prestige market shows signs of life

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One of the biggest misconceptions about auction is that many agents think that if they auction a property buyers will compete and the property will sell above expectations. One of the great benefits of auction is that you give yourself the opportunity to create a competitive environment, but if you haven’t done the work leading up to the auction then no method of sale will save you.
You need to understand that auction is simply a method of sale. We use auction to reduce the number of days on market, create a competitive environment and gain maximum exposure for the property with a condensed marketing strategy. Essentially this means that by creating urgency around the sale and reducing the days on market we can sell more real estate.
Days on the market here are key. The longer a property sits on the market the more chance it has at selling at a reduced rate.
Valuing real estate can be quite difficult. It is difficult for an agent, but even harder for a vendor/seller. This is particularly the case in a changing market, like what we are in now. Auction removes price as a barrier and invites purchasers to make offers on auction day and the seller can either accept that offer or reject that offer.
Every seller thinks their home is generally worth more than what it really is, myself included. Because we build up an emotional attachment, we feel “it has to be worth ….”. The reality of any real estate transaction is that a property is worth what someone will pay. The role of the agent is one to market a property in such a way that will get buyers to the front door, it is the seller’s role to present the property in such a way that an emotional connection can be built between a purchaser and a property, and auction brings this to a close in a shorter period of time than any other method of sale.
One of the great fears a seller has is “what if it doesn’t sell?”. Simple, we move to the next stage of the selling process with either a price guide or for sale at a price. We now will have a much better gauge on what that price should be if we get to this point.
An owner who doesn’t want to pay for a marketing campaign in the majority of cases is not a motivated seller and one who will come on the market at an inflated fixed price.
It is essential that you choose the right auctioneer to represent your business and your sale. The auctioneer is your brand. The auctioneer represents your interests. The difference between a good auctioneer and a great auctioneer can be a good price or a great price.
This is the data we have put together for the first six months of the year. It is put together from 1,825 residential auctions that we have done from January 1 to June 30, 2011. The figures show us accurately when properties sell post auction.
 Damien Cooley is the founder of <a target="_blank" title="Cooley Auctions" href="https://www.cooleyauctions.com.au/">Cooley Auctions.</a>
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An auction won't save a badly marketed property

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HSBC economist Paul Bloxham says the case for the RBA raising interest rates is “solid”, but they won’t go up in August.
Instead, borrowers should expect a rate hike in the fourth quarter of 2011 due to an expectation of inflation continuing to rise.
This follows ANZ chief economist Warren Hogan going out on a limb by suggesting rates will rise at the next RBA monetary policy meeting on August 2 following higher-than-forecast June quarter inflation data.
In a note titled “The RBA Observer” Bloxham writes that in a normal state of the world, two quarters of the inflation measure being outside the target band (2% to 3%) would be enough to motivate a hike. 
However, Bloxham says the world is currently “full of tail risks”. 
“And, as the RBA governor is fond of saying, monetary policy is set with the principle of ‘least regret’ in mind. 
“We think the ‘least regret’ approach implies steady policy next week to let the smoke clear. 
“What smoke? Two main things: to determine if recent weaker domestic business and consumer sentiment are temporary or something that genuinely impacts economic activity and to allow some of the global risks to resolve.” 
Uncertainty about whether the US can resolve the debt ceiling crisis may also way on the RBA’s decision. 
Unfortunately for the RBA, as Bloxham notes, the deadline to lift the debt ceiling is only “a few hours after the RBA makes its cash rate announcement, but a few hours before a policy change would be implemented the next morning. 
“Lifting rates in that window may be risky if things don’t go so well in the US,” he says. 
Bloxham says a weakness in the supply side of the economy combined with weak productivity growth “mean the economy cannot grow as fast as previously, without generating inflation”. 
“We expect the supply side will remain weak when demand will be rising. Indeed, much of the demand in the economy is already set in train, in the form of a large number of massive mining investment projects,” he says. 
“Over the coming year or two, these inexorable forces are expected to collide and drive up inflation. We think that the pick-up in inflation in the first half of the year is the beginning of this trend and expect the RBA to see it the same way.”
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Rates will go up, but not this time around: HSBC's Bloxham

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An increase in the cash rate will spark house price falls, according to Cameron Kusher, senior research analyst at RP Data. 
The June RP Data-Rismark Hedonic Home Value Indices reveals that while national houses prices fell for the sixth straight month, down 0.2% on a seasonally adjusted basis, the drop in values has been moderating since January, when capital city values fell by 1.2% due to the impact of natural disasters. 
However, Kusher told Property Observer that if rates go up (ANZ is forecasting a rate rise as early next week, HSBC in the fourth quarter of 2011), bigger monthly falls in house prices are expected. 
Besides interest rate fears, Kusher says problems in the US and Europe need to be resolved to increase confidence in housing and bring investors back into the market. 
Rents and yields need to increase further to attract investors, he says. 
“Yields are not where investors would like them to be… Some cities are doing better, for example units in Brisbane and Sydney,” he says. 
Rismark economist Christopher Joye says: “We think the RBA is likely to raise rates at least once or twice more to address Australia’s burgeoning inflation problem, which means dwelling values will probably soften a bit further. This should open up attractive investment opportunities.”
“Higher rates means the rental market will tighten beyond its already firm levels, with vacancy rates near all-time lows. In turn, this will drive rents and yields even higher. Over the next year we expect to see wages and disposable incomes continue to rise solidly while house prices flat-line or taper modestly,” Joye say
According to the latest index, Canberra has been Australia’s best-performing housing market over the last three months. 
Reflecting the flat state of the national market, Canberra house prices only increased by 0.5% over the June quarter, but still easily outperformed the next best market, Sydney, where house prices have fallen by 0.2% over the quarter. 
Melbourne house prices recorded the biggest quarterly fall of all capital city markets, down 1.6%, with Perth and Brisbane both recording falls of 1.3%. 
The Victorian capital also has the lowest rental yield, with gross rental yields of 3.7% for houses and 4.3% for units. Darwin is the strongest, with yields of 5.2% for houses and 5.6% for units. 
For the year to date Canberra is now the second-strongest housing market, behind Sydney (up 0.5%), with values down 0.3%. 
Brisbane remains easily the most depressed, down 6.3% compared with the same time last year, followed by Perth (4.7%), Adelaide (3.1%) and Darwin (2.7%).
<img src="/images/stories/rpjuly29-1.jpg">
Kusher says Canberra along with Sydney is the country’s most resilient market. 
Key reasons for this include the government’s heavy control of land release to developers and new housing supply relative other states, its low unemployment rate and “pretty decent” rental yields. 
“Rental yields [of 5% for houses and 5.4% for units] are encouraging people to invest in the Canberra market,” he says. 
“The other factor is Canberra’s big public service sector, with a lot of people earning above-average wages.” 
Kusher says the falls in Melbourne house prices reflects a market that is now correcting itself following two periods of accelerated growth in excess of the capital city benchmark.
“We have seen the same thing happen in Brisbane and Perth,” he says. 
The latest index also revealed the continued weakness in the premium market with the most expensive 20% of the market down 5.6% year-on-year, well in excess of the 2% drop nationally. 
“This comes back to poor equity markets and low confidence,” Kusher says.
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House prices to fall following next interest rate rise: RP Data

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Government proposals to reduce stamp duty and consider alternative tax arrangements for housing have been welcomed by the Housing Industry Association, but the organisation says more needs to be down address the “chronic housing shortage”.
During the two-day October Forum, the state taxes session discussion will look at opportunities to replace stamp duties on property conveyances with reformed land taxes.
The personal tax session discussion will consider whether there are opportunities to improve efficiency in the housing market with alternate tax settings and policies.
According to the discussion paper, stamp duty on conveyances currently contributes almost a quarter (23%) of state revenues, while land taxes account for 11% of state revenues.
However, the government acknowledges that stamp duty can suppress the number of transactions in the housing market and reduce the effective supply of housing.
HIA managing director Shane Goodwin says an acknowledgment that stamp duties are a highly inefficient tax while also leaving room for substantial reform to this taxation element is one of the pleasing aspects of the discussion paper.
Other proposals the HIA has welcomed include a commitment not to change the treatment of the family home in income support means tests and a reiteration of the importance of improving the efficiency of housing supply.
However, the HIA says much more needs to be done to reduce the tax burden placed on new housing by all tiers of government.
Goodwin says independent economic modelling by the Centre for International Economics has found that the total taxation burden on a new home can be well over 40% of its purchase price.
"Worryingly, most of the taxation burden is borne by the home buyer. The Tax Forum could be used to reduce this large impost on homes and hence increase housing supply and improve affordability." "Housing is a true necessity of life, and the current restrictions to housing supply have created a large dwelling shortage that has driven escalating prices and climbing rents, and has placed unnecessary financial pressure on Australians already struggling to meet the rising costs of living," he says.
In the discussion paper, the government says that stamp duty applied to the transfer of property increases the cost of buying and selling a home and can have implications for individuals and the economy.
“Many factors influence decisions about where to live, but these transactional costs can make it more costly for Australians to move location to find work, can make it more costly to upsize or downsize a home as family circumstances change, and can penalise people who move for non-work reasons,” the paper says.
The HIA is one just two housing industry bodies – the other being the Property Council of Australia – that have received direct invitation to participate in the forum.
The forum, which will take place Parliament House in Canberra on October 4 and 5, will be a precursor to setting the federal government’s tax reform agenda.
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Proposed housing tax reforms don't go far enough: HIA

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Memo Corp, backed by the Singapore billionaire Tay Tee Peng, has emerged as the $395 million purchaser of Suncorp Plaza in Sydney.
The 259 George Street building will be added to his portfolio, which includes the Wynyard Green tower at 11 York Street bought in 2000 from the State Rail Authority and the office block at 1 Oxford Street.
Industry sources suggested Memo Corporation Australia had previously been valued with about $600 million in property holdings.
Tay Tee Peng sold the former Telecom building in Melbourne’s William Street legal district earlier this year for $45 million. The 21-storey building, known as Communications House when Telecom moved out in 1994, has been bought in 1994 for $12 million. He spent $10 million refurbishing it, but it was vacant for all its ownership. It was bought by Hengyi Australia, a local subsidiary of a Chinese property developer.
CBRE senior director of institutional investment properties Josh Cullen says the $359 million transaction was a strong result and achieved the goals of both parties.
The combined wealth of Singapore's top 40 richest rose 19% or US$8.7 billion year-on-year to US$54.4 billion, according to the latest rich list published by Forbes Asia.
This year, a minimum net worth of US$210 million was needed to qualify for the list, up from $190 million previously.
This ranking, unlike the Forbes billionaires list, includes numerous family fortunes shared with children, grandchildren or siblings.
Memo Corp was established in 1991, and now has a diverse portfolio of 16 properties.
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Singaporean billionaire the buyer of Suncorp Plaza

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The two-speed nature of the leisure property sector has been starkly revealed in NAB’s June quarterly survey of the hotel property sector. 
While overall conditions for the sector have softened, but remain positive, the outlook for CBD hotels versus those in regional markets could not be more different. 
This is reflected in NAB’s All Hotels Index (a measure of sentiment and confidence in the sector), which stands at +54 in June for CBD hotels, compared with -5 for non-CBD hotels. 
According to the 300 property market participants who took part in the survey, the capital values of CBD hotels are tipped to rise by a healthy 5.3% over the next 12 months and by 6.2% over the next two years. 
In comparison, hotel property values outside of the CBD are expected to stagnate over the next year (declining 0.2%) and to rise by just 1.6% over the next two years. 
Growth in CBD hotel values and room rates is being supported by the business travel sector and the absence of new supply in the main capital cities. 
The undersupply of CBD hotel rooms is expected to persist, with the booming resources sector driving business demand. 
And while demand from international travellers was even weaker across the sector, this was especially felt in non-CBD hotels, where demand from this source was assessed as “poor”. 
A July report by research firm STR global found Perth to be leading a nationwide revival in hotel room revenue, with rates rising 9.6% in the first six months of the year, followed by 8.1% in Brisbane and 8.4% in Sydney.
According to Bryon Merzeo, business development manager from STR Global Australia and New Zealand, while international growth has been powerful, domestic consumer stays on Tuesdays, Wednesdays and Thursdays have been “incredible”.
However, non-CBD hotels, which are not able to tap into the corporate traveller market, are facing headwinds from a tourism market suffering from the high Australian dollar and ongoing consumer caution. 
According to the NAB survey, demand from business travellers (the key market consumer segment) is rated as only “good” for non-CBD hotels compared to “very good” for CBD hotels. 
CBD hotel room rates are also increasing and are forecast to increase at far healthier rate than those outside of metropolitan regions. 
CBD room rates increased by 4.4% in the June quarter, with the strongest gains recorded in NSW (5.3%). They are tipped to rise by 5.8% over the next year and 6% over the next two years.
Outside of the CBD, hotel room rates fell by 1.2% in the June quarter (following growth of 1% in the March quarter). Over the next year non-CBD room rates are going nowhere (a rise of 0.2%) and are tipped to increase by a modest 2.3% over the next two years. 
On the key measure of revenue generated per available room (RevPar), the biggest increase occurred NSW in the June quarter with takings up 5.1%, outperforming the CBD sector as a whole, which increased by 4.7%. 
Non-CBD hotel room revenue lagged far behind growing by just 0.3% over the quarter. Revenue forecasts are modest with increases of 1.6% and 3.4% over the next two years. 
Looking ahead, CBD hotels in NSW and Western Australia are expected to see the greatest increase in revenue generated from their available rooms. 
Occupancy rates were significantly higher for CDB hotels (77%) compared with non-CBD hotels (68%) in the June quarter with average occupancy rates highest in NSW and WA (75% in both markets) and lowest in Queensland (68%). 
The diverging performance of the two hotel markets has already been revealed in the March quarter tourist accommodation figures which revealed rising occupancy rates and per night room takings in all major CBD markets, but declining occupancies and returns in many regional markets. 
These trends are expected to remain broadly unchanged over the next year, although respondents are forecasting a moderate pick-up in demand for non-CBD hotel rooms from domestic and international travellers, consistent with higher occupancy. 
Offshore investors have also signed several hotel deals this year, signalling confidence in the metro hotel market. 
In May LaSalle Investment Management snapped up the 380-room Novotel Melbourne on Collins Street in the CBD for $204 million, and US hospitality property group Host Hotels &amp; Resorts spent about $137 million for a 75% stake in the 396-room Hilton Melbourne South Wharf Hotel. 
In January, the 276-room Hilton Melbourne Airport Hotel was sold to Pan Pacific Hotels Group for $109 million in a deal negotiated by CBRE. 
CBD hotels listed for sale include the 202-room Rendezvous Adelaide at 55 Waymouth Street being sold by Jones Lang LaSalle agents James Gatland, Aaron Desange and Mark Durran with $60 million plus hopes.
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The 278-room Citigate Perth at 707 Wellington Street is up for sale by Desange and Mark Durran from Jones Lang LaSalle with expectations above $65 million.
Overall, conditions for hotel property remain positive but have softened since the March quarter survey as a result of high Australian dollar, interest rate concerns and consumer caution.
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