Eddy Haddad's <a href="https://www.apartments.com.au/developers/level-33">Level 33</a> is levelling up its approved Wollongong development, as the coastal city south of Sydney continues to prove popular in the high-density development space.

Level 33, a longtime developer in the Wollongong area, has gone through the NSW Government's Housing Delivery Authority to upsize its approved two-tower development on the corner of Crown Street and Gladstone Avenue, just 100 metres from Wollongong Station.

The developer currently has approval for 252 apartments across two buildings rising to 19 storeys. It is now seeking approval for 33 and 38-storey towers that would deliver 467 apartments, including 67 affordable homes.

Designed by <a href="https://www.apartments.com.au/architects/bka-architecture">BKA Architecture</a>, the development would comprise apartments above a three-level podium with around 1,100 sqm of retail space, along with basement parking for 448 vehicles.

According to the Urban Design Report by BKA, the proposal has the capacity to "reinforce the precinct's identity by strengthening links between health, education, and transport services, while also contributing to Wollongong's ongoing evolution as a key regional centre."

Wollongong is somewhat in vogue. Between Level 33 and Urban Property Group, the two developers have several thousand apartments planned across the city.

Level 33 is currently delivering Easterly Wollongong, one of its most boutique projects to date with just 21 high-end apartments, as well as Atchison &amp; Kenny, a 329-apartment development due for completion later this year. The developer also plans to redevelop the 13,088 sqm WIN Grand megasite into a new $500 million precinct with nearly 600 apartments and has more than 900 apartments planned for the former Bunnings Warehouse site at the intersection of Gipps and Flinders streets.

Urban Property Group is also playing a major role in the city's transformation. Its five-tower Keira Place precinct will deliver more than 800 homes, and it has recently lodged plans for a further 300 apartments near Wollongong Station.

Joel Robinson

First look: Level 33 upsizes Wollongong apartment towers

Just a week after filing plans for the final stage of its major Keira Place masterplan, <a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has unveiled another significant housing proposal in Wollongong, this time targeting a prominent site opposite North Wollongong Station.

The developer has lodged a State Significant Development Application for a 38-storey mixed-use tower at <a href="https://www.apartments.com.au/new-apartments/4-4a-flinders-street-north-wollongong-nsw-2500">4-4A Flinders Street</a>, around one kilometre north of the <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place precinct</a> currently taking shape on the edge of the CBD.

<img alt="First look: Urban Property Group plans 38-storey North Wollongong tower as Keira Place expansion gathers pace" data-entity-type="file" data-entity-uuid="2b6428f1-6405-4038-8476-897de440e90d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/flinders%20podium.png?VersionId=QLqEvK0OuCEwRC47oHNftrw2B1YqaHF8" />

Designed by Studio.SC, the proposal comprises a 38-storey mixed-use development containing 303 apartments, including 45 affordable housing units, alongside 174 co-living residences. The scheme also includes ground-floor retail space, extensive landscaping and public domain improvements.

Studio.SC noted in the proposal it "outlines a vision for a landmark transit-oriented mixed-use development centred around North Wollongong Station, designed to support the city’s future growth while responding to the NSW Government’s housing and planning reforms."

The architecture firm said the proposal responds to the opportunities and constraints shaping future growth within the 400-metre catchment of the station and represents "a coordinated and future-focused approach to urban intensification, contributing to the long-term evolution of North Wollongong as a connected, walkable and high-density station precinct."

The site occupies a strategic corner bounded by Flinders Street, Station Street, Stafford Street and the Princes Highway, directly opposite North Wollongong Station.

<img alt="First look: Urban Property Group plans 38-storey North Wollongong tower as Keira Place expansion gathers pace" data-entity-type="file" data-entity-uuid="7863adad-1f71-4022-b850-f44b252738fd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/flinders%20podium%20a.png?VersionId=WsU7av0g8_8R2tGHWxgHeFSlhu7yeY1V" />

The proposal follows Urban Property Group's recent submission for the second and final stage of Keira Place, which would deliver a further three buildings comprising 657 homes opposite Beaton Park. It builds on the first stage, which features 150 apartments across two towers and recently commenced construction.

Urban Property Group CEO Patrick Elias said breaking ground on the first stage marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/urban-property-group-unveils-trio-of-towers-for-next-stage-of-new-wollongong-precinct-keira-place">Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place</a>

First look: Urban Property Group plans next major Wollongong tower

<a href="https://www.apartments.com.au/developers/arada">Arada</a> has wasted little time expanding its ambitions in Campsie, lodging plans for a second major project in the rapidly transforming town centre just months after unveiling its three-tower One Campsie proposal on Beamish Street.

The UAE-backed developer has now taken aim at one of the suburb’s most strategically positioned sites, filing a State Significant Development Application for a <a href="https://www.apartments.com.au/new-apartments/10-north-parade-campsie-nsw-2194">33-storey mixed-use tower</a> at 10 London Street and 43 North Parade, directly opposite the future Campsie Metro Station. The proposal is currently on public exhibition and represents another significant vote of confidence in Campsie's emergence as one of Sydney’s key transit-oriented growth centres.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the development would deliver 156 apartments above a podium containing retail and commercial space, creating a new residential and commercial gateway to the town centre. The scheme also includes a four-level above-ground parking podium and a dedicated residential amenity floor featuring wellness and recreation facilities. At least 10 per cent of the apartments would be allocated as affordable housing for a period of 10 years.

The proposal occupies a 1,631 sqm site bounded by London Street, North Parade and Dispensary Lane, immediately adjoining the future Metro station precinct and just metres from Beamish Street’s retail and dining strip. According to the Urban Design Report, the project seeks to deliver "a great place that prioritises human-scaled experience and provides spatial improvements to the area."

<img alt="First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans" data-entity-type="file" data-entity-uuid="175a8324-015b-4856-abe3-ce6f23199fa7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium%20campsie.png?VersionId=742UGwXFhFBX4GEl6wX4PYIWREAgn6il" />

Woods Bagot describes the tower as a key marker within Campsie's next phase of growth.

"Located directly opposite the new Campsie Metro Station on North Parade, 10 London Street is a thoughtfully composed 33-storey mixed-use tower that contributes to the ongoing transformation of the town centre," the Architectural Design Report states. The report says the project is intended to provide "high-quality homes within a vibrant, connected urban environment, while helping define Campsie's future skyline."

A strong emphasis has been placed on the public realm. The ground floor incorporates over 500 sqm of retail space and active frontages along both London Street and North Parade, while the podium is wrapped by extensive landscaped planting intended to soften the building's scale and strengthen the pedestrian experience. The development would also widen surrounding footpaths and improve connections between the Metro station and the broader town centre.

Above the podium, residents would have access to more than 1,400 sqm of communal amenities, including a pool, gym and landscaped recreation spaces. A distinctive green-wall treatment extending across four podium levels forms a major architectural feature, helping differentiate the project within the emerging high-density precinct.

The tower's design is closely tied to the broader Campsie Town Centre Master Plan and the arrival of Sydney Metro. The Urban Design Report notes the proposal "directly supports the Campsie Town Centre Master Plan by delivering new homes in a location explicitly identified for growth, improved accessibility, and high-quality urban renewal." It adds that the project contributes to the master plan's vision for a strengthened town centre supported by thousands of new homes around the future Metro station.

<img alt="First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans" data-entity-type="file" data-entity-uuid="bfd17654-253e-489a-bade-6278d63db412" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/base%20campsie.png?VersionId=3roJPMQGs36dazpkhvpvbDDP73Ld.Ica" />

The application follows Arada's recently lodged One Campsie project at 124–142 Beamish Street and 16–18 Ninth Avenue, where the developer is seeking approval for 346 apartments across three towers rising 24, 32 and 39 storeys. Together, the two proposals would cement Arada as one of the most influential developers shaping Campsie's future urban form.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-arada-files-for-trio-of-apartment-towers-in-campsie-town-centre">First Look: Arada files for trio of apartment towers in Campsie town centre</a>

Arada entered the Australian market in 2024 and has rapidly assembled a significant development pipeline across Sydney. Alongside its Campsie holdings, the developer is soon to launch <a href="https://www.apartments.com.au/new-apartments/wattle-green-2-fishburn-crescent-castle-hill-nsw-2154">Wattle Green</a> in Castle Hill, and has expanded its local operations following its acquisition of construction firm Roberts &amp; Co.

Located around 14 kilometres south-west of the Sydney CBD, the site sits at the centre of one of Sydney's fastest-changing middle-ring precincts. The Metro conversion of Campsie Station, combined with Canterbury-Bankstown Council's master planning framework, is driving significant residential intensification around Beamish Street and North Parade, with thousands of new homes expected over coming decades.

First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans

For the first time in a long time, Australia's inflation story is starting to look more like a landing than a fight.

The latest Consumer Price Index figures from the Australian Bureau of Statistics showed annual inflation eased to four per cent in May, down from 4.2 per cent in April. On the surface, that might not seem like a major move. Inflation remains above the Reserve Bank's target range and some categories continue to record stubborn price growth.

But the significance of this result lies less in where inflation sits today and more in what it means for where interest rates are likely heading next.

The biggest takeaway is that inflation continues to move in the right direction.

Markets had been bracing for another sticky result after a period where progress appeared to stall. Instead, headline inflation came in softer than expected, helped by falling fuel prices and easing transport costs. Annual transport inflation halved from 6.6 per cent in April to 3.3 per cent in May, while automotive fuel prices fell 11.9 per cent during the month following lower oil prices and the impact of reduced fuel excise measures.

While petrol prices don't solve Australia's affordability challenges, they are one of the most visible and immediate costs for consumers. Falling fuel costs feed through the economy quickly, helping ease pressure on household budgets and business operating expenses.

The ABS data also showed headline inflation is now sitting at its lowest annual level in several months, reinforcing the broader trend that price growth is gradually moderating.

That trend is important because it aligns with what many economists and lenders have been saying for the last month.

Prior to this week's inflation data, ANZ, NAB and Commonwealth Bank had all shifted their forecasts, now believing the Reserve Bank had likely reached the peak of the interest rate cycle. Following the May inflation release, ANZ reaffirmed that view.

In its latest economic update, ANZ said it expects quarterly trimmed mean inflation to come in at 3.7 per cent for the June quarter, slightly below the Reserve Bank's forecast of 3.8 per cent. Importantly, the bank said that outcome, when combined with slowing economic activity, "supports our view that the cash rate has peaked".

The Reserve Bank has spent the better part of three years attempting to bring inflation under control through higher interest rates. If Australia's major banks are correct and rates have now peaked, the conversation shifts from how much higher rates could go to when they might begin coming down.

Westpac's caution comes from underlying inflation. The trimmed mean, the measure most closely watched by the Reserve Bank, increased from 3.4 per cent to 3.6 per cent annually. Housing inflation remains elevated at 6.5 per cent, reflecting ongoing increases in rents, electricity costs and new dwelling construction.

Electricity prices remain particularly problematic, rising 21.1 per cent over the past year following the removal of government rebates.

Housing construction costs are also showing signs of renewed pressure. ANZ noted new dwelling costs rose 0.9 per cent in May and are now running at an annualised pace of 8.6 per cent over the past three months. Builders continue to face higher labour, fuel and material costs, a reminder that inflationary pressures have not completely disappeared.

Housing affordability has deteriorated largely because of higher interest rates rather than higher property prices alone. Even modest reductions in mortgage rates would improve borrowing capacity, increase buyer confidence and reduce repayment pressure on existing homeowners.

While August is far from a certainty, the latest inflation result has strengthened the view that the next move in rates is more likely to be down than up. For borrowers, buyers and the development sector, that alone represents a significant shift from the conversation that dominated much of the past two years.

The inflation result the property market was waiting for

Commercial property group FiveX is doubling down on its move into the residential space.

The group, founded by Joshua and Marko Berger more than five decades ago, has followed up its plans for a 39-storey tower on North Sydney's Alfred Street with a proposed 61-storey tower in Chatswood.

The new tower at <a href="https://www.apartments.com.au/new-apartments/815-pacific-highway-chatswood-nsw-2067">815 Pacific Highway</a>, which would be one of the tallest proposed in Chatswood in recent years, will comprise 490 apartments, 76 of which will be dedicated affordable housing and managed by Evolve Housing for a minimum of 15 years.

The project will replace the long-standing Panorama Building, originally known as the BMA Tower, a 14-storey office building completed in 1972 and designed by Hungarian-born architect Hugo Stossel. At the time of its completion, the building was the tallest structure in Chatswood and became a local landmark due to its distinctive curved form and external glass lift.

<img alt="FiveX" data-entity-type="file" data-entity-uuid="956bd299-3864-47a0-8ea6-162b5524c5d8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-24%20at%201.02.03%E2%80%AFPM.png?VersionId=EWx7teUr7RcYrI9mgRytwppwt5AdUDtb" />

fjcstudio is behind the designs. Its Architectural Design Report argues the ageing commercial building no longer reflects Chatswood's role as one of Sydney's key strategic centres and that the site is ideally positioned to support significantly higher residential density.

"The site is located at the heart of Chatswood, within the TOD accelerated rezoning area that supports higher density development around the new Metro station," the report states.

"The site's role within a walkable 400-metre radius catchment is where housing, employment, retail and community uses are encouraged to cluster in support of transit-oriented living."

<img alt="fjc" data-entity-type="file" data-entity-uuid="8d198f5e-cc71-4175-9357-be6ec7207473" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-24%20at%201.18.27%E2%80%AFPM.png?VersionId=5WUFc3IYBPvhQMBUYLCsjJhzdcVeYodE" />

The proposal has undergone two rounds of review by the NSW State Design Review Panel, with the design evolving through an extensive assessment process focused on design excellence, public realm outcomes, residential amenity and the integration of affordable housing.

fjcstudio says the residential component provides a diverse mix of apartment typologies, supporting a broad demographic and contributing to housing supply in a highly accessible location close to major transport, employment and retail infrastructure.

The application follows FiveX's plans for a 39-storey tower at <a href="https://www.apartments.com.au/new-apartments/275-alfred-street-north-north-sydney-nsw-2060">275 Alfred Street</a>, which it <a href="https://www.apartments.com.au/new-apartments/275-alfred-street-north-north-sydney-nsw-2060">submitted through the same NSW Government pathway</a> in December. That's for 184 apartments.

Recent activity in Chatswood includes Hyecorp launching its Archer Street project, Celine, and Develotek securing approval for a 34-storey tower.

First look: FiveX targets Chatswood skyline with 61-storey tower after North Sydney plans

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?

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Townsville’s demographic composition by age structure changed significantly over the ten years from 2008 to 2018, according to the latest report from the valuation firm Herron. Todd White.
“The proportion of persons in the population aged 55 and over has progressively increased from 18.9 percent to 23.9 percent due to the combined impacts of baby boomers entering these age ranges, population ageing and older people remaining affiliated with Townsville rather than moving elsewhere,” the March report found.
Meanwhile the proportion of the population aged either 10 to 19 or 35 to 44 has diminished from 29.8 percent to 26.3 percent, suggestive of families with high school or university age children having lesser attachment to the region.
“Trends in the age composition of the population will not only have economic implications for Townsville and its future labour supply, but also impact on future housing styles and choices in the Townsville property market,” the report continued.
“We have started seeing a move by downsizers towards inner city unit living, particularly within the suburb of North Ward.”
This style of housing provides low maintenance options for retirees whilst being in close proximity to lifestyle amenities such as The Strand, cafes and entertainment.
“First home buyers are currently preferencing new home construction or packages, whilst we are also seeing movement from buyers currently residing in the outer suburbs to suburbs within closer proximity to the city centre,” the report concluded.
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wdavis-8cCN98p7xp

Townsville market undergoes substantial demographic changes: Herron Todd White

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Townsville agent Julie Mahoney not only conducted her first online auction but also managed to become the first Townsville office to sell property via online platform.
Two properties were snapped up on Monday night, 7 Townsend St, Mysterton (pictured above) sold for $450,000 and 116-118 Martinez Avenue, West End went for $545,000.
Office principal and selling agent Julie Mahoney said the auctions drew a large range of bidders including locals, those from interstate and even a few international viewers translating to some great results on the night.
Ms Mahoney said, "most of the bidders were local but the demographic was quite interesting."
“We had bidders who were aged from 70 plus online and one of my vendors who will be auctioning later in the month watched from England."
A local first home buyer couple were the winning bidders on 7 Townsend St, Mysterton which they said was the first auction they’ve participated in.
“We were very nervous, however it was an easier process than what we thought it was going to be and not being able to see the competition actually made it easier,” they said.
The couple had been looking for several months and the four bedroom home was exactly what they were after.
Calling the auctions was Ray White Queensland chief auctioneer Mitch Peereboom who said he is thrilled to see both buyers and sellers embracing the new technology.
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j.ballantyne1990-6AQqhLzZaK

Townsville's first successful online auction sale

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With unanimous support from the City of Melbourne's Future Melbourne Committee in March, the Victorian State Government has officially given the green light to the $2 billion Southbank by Beulah project. 
The 270,000 sqm mixed-use vertical village is considered one of Melbourne's most ambitious and forward-thinking projects to date.
Led by award-winning Melbourne developer, Beulah, the announcement is a welcome relief amid current economic uncertainty, with the project set to generate more than 4,700 construction jobs via the provision of a $1 billion additional investment stimulus to the Melbourne construction market. 
Upon complete of the. build, 3,250 new ongoing direct jobs is expected to be generated across multiple industries including office, retail, entertainment, hospitality and child care, ultimately growing the working population of Southbank by eight per cent. 
On track to become Australia's talent tower at 365 metres high, approval from the Minister for Planning, Lord Mayor of Melbourne, Sally Capp said, "This is a huge vote of confidence in our city at a time when we are going through a period of economic uncertainty."
Conceptualised alongside acclaimed Dutch firm, UNStudio, and local firm, Cox Architecture, the permit will now allow Beulah to officially transform the current BMW site into an unprecedented, world-class vertical village spanning a total of 270,000 sqm. 
Cox Architecture director Philip Rowe said, "Southbank has laid somewhat dormant for many years. Our collaborative concept has the ability to truly uncover its potential, improving the urban amenity while seamlessly unifying the suburb with Melbourne's CBD. 
"The architectural and cultural impact Southbank by Beulah will leave on Melbourne is an exciting prospect and will undoubtedly set a benchmark both locally and globally, both now and well into the future."
An extensive process to date - including the initial Southbank by Beulah global architecture competition - Beulah managing director, Jiaheng Chan said the project team has been overwhelmed by the support from the official government bodies. 
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“We would like to extend our sincere gratitude to both the Victorian Government and the City of Melbourne for their endorsement of ​Southbank by Beulah​, which we hope will play a significant role in Melbourne’s economic recovery over the coming years.
“​Southbank by Beulah​ will transform the way Melburnians work, live, learn, revitalise and play — it will set a global benchmark for an unprecedented lifestyle hub that caters to present and future generations and will assist in the future growth of Melbourne and its vision to become a truly global smart city.
“Discussions have already begun with leading global brands in the hospitality, retail and cultural sectors who are looking for a transformative project of this calibre.”
Lodged in August 2019, the approved application outlines plans to offer users an unprecedented connectedness to nature within an urban environment.
"It's not just about the height", said Nicholas Reece, the chair of the City of Melbourne's Planning Portfolio, "so much thought and effort has gone into the design and the green space."
Envisioned as a vertical mini-metropolis, ​Southbank by Beulah​ will comprise four distinct collections of private residences, public and green spaces, rooftop sky garden, town hall, commercial offices, a five-star urban resort, childcare centre, a health and wellness precinct, arts and culture spaces and programs, as well as world-class experiential retail, all within two twisting terraced forms.
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The spine twists into a series of outdoor spaces and green devices along the façades of the two towers, paying homage to Melbourne’s title of The Garden City, symbolically bridging the iconic Royal Botanic Gardens with Melbourne’s Arts Precinct.
Pocket parks will be a focal point throughout the building, connecting neighbourhoods within the residential tower, providing residents with a sense of community and a place to relax, before culminating in a landscaped journey to the publicly accessible ​rooftop sky garden.
Construction is forecast to commence next year and will take approximately five years to complete.
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Southbank's green spine gets Melbourne planning approvals

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OPINION: 

Being a leading Australian brand and creative agency we have seen many quotes in our time – and we have created many too.

But in the current environment, with the global economy being brought to a stand-still by the Covid-19 pandemic, there is one in particular quote that really resonates with me.

“The pessimist complains about the wind. The optimist expects it to change. The leader adjusts the sails.”

Who came up with the quote is open to conjecture. Some say it was written by an American author called John Maxwell. Others say it was another American William Arthur Ward. Who really cares?

If we embrace the underlying truth in this statement today, then we are already on the road to success.

At Toto, we are about not only keeping the brand alive, but seeking opportunities to take advantage of the current market psyche.

If the brand is alive, the business will survive. It’s that simple.

Just look at Virgin. Not a plane in the sky, a company in administration, but…..it will survive because of the strength of a trusted and proven brand, created over many years, by one of the world’s greatest entrepreneurs, Richard Branson.

If you look up the word intelligence in the Oxford dictionary, you will find a reference to intelligence as being the ability to adapt. 
  
Adapt or die has never been more poignant as we face the greatest economic challenge since the Great Depression.

We must not be sitting on our hands waiting for our clients to try and survive the surrounding storm.

We need to be proactively advising clients to seek advantage where it can be gained.

Whether you’re sitting at <a href="/guides/covid-19-is-it-possible-to-practise-social-distancing-at-home-absolutely">home self-isolating</a>, or in your office, or in an unemployment queue on your iPhone, brands can be seen like never before.

Look at Myer, which is reporting a 700 per cent increase in online purchases in recent weeks. People at home self-isolating have time to peruse, inquire, investigate and purchase.

If you’re a travel agency, you’d have every right to be worried right now. To tackle this, targeting strategies for tourism clients around January and February next year (when the floodgates open for these) to claw back and take advantage of the inevitable uptick in tourism both domestically and internationally, could be a wise move. 

If you’re a <a href="/">property company</a> with firm business acumen, there is a ‘live’ <a href="/guides/how-to-navigate-buying-property-during-the-covid-19-crisis">marketplace</a> of buyers who are liquid, and ready to seize opportunities themselves despite market challenges.

It’s these companies which not only maintain brand presence, but actively and creatively pursue their audiences.

That’s where we come in.

It is truly a worrying time for the nation and the world, yet we are in this together and we will come out of it together.

Let us take you to that New World.
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Melvie

Navigating through the New World

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It is undeniable that COVID-19 has had a <a href="/expert-insights/buying/how-will-the-coronavirus-impact-australia-s-property-market">huge impact</a> on the world and it’s population, and whilst we are very much still living this pandemic and adjusting our lives to cope with the curve balls that it is throwing, it is very much forcing us to think about how we will live and work in the future. 
     
The creation and development of spaces that we live, work, educate, and socialise in will be very much at the forefront of these future <a href="/guides/covid-19-how-to-adapt-to-working-from-home">adaptations</a>.

As we are <a href="/guides/covid-19-is-it-possible-to-practise-social-distancing-at-home-absolutely">isolated</a> in our own homes, a strong spotlight is being shined on how the space makes us feel emotionally, physically and productively.  Much like a new material being tested for how it will cope with the extremes of temperature, we are being forced to see how the spaces we live, work and socialise in cope with the demands of this confinement. It turns our mind to how we need to adapt our design thinking to cope should such a situation arise again. A few of these reflections are outlined below.

<h2>Home Office  - No longer an afterthought?</h2>

<a href="/news/how-to-effectively-manage-a-remote-workplace-during-social-distancing">Working from home</a> and flexible working arrangements are not exactly a new phenomenon, but the average “home office” would most likely be non descript, especially if the property does not allow space for a specific office. The “office” is very often relaxed and confined to the spare bedroom, or even the dining room table, with the understanding that important meetings could then be done at the office, or more casually at a cafe. With the isolation resulting from COVID-19, the  “home office” has shifted from being just the work space to being the place where virtual meetings are taken over live meeting platforms such as Zoom, and the deficiencies, both aesthetic and functional, started to become exposed. For designers the “home office” will no longer be an afterthought but a place where full consideration of the “look”, lighting, sound proofing, ergonomics and mental health to name but a few will need to be given consideration. Just as the Kitchen is designed to function to our needs, the home office will need to too.

<h2>Mental health in the home - Home is often our sanctuary, but how do we make it more so?</h2>

Major corporations have been implementing measures in their design to assist with physical and mental health for many years, recognising that it increases productivity and thus profit. You water the seed, you grow the flower. Confinement in our homes has increased our awareness of our own mental health, and designers will need to look at ways that they can focus on this in homes with the use of lighting, colour, textures, and acoustics to name but a few, to and ensure that should we be placed in a similar level of confinement our mental health will be supported.

It will also be about going back to modest simplicity. The use of nature (<a href="https://www.terrapinbrightgreen.com/reports/14-patterns/">biophilic design</a>) for example, not only has aesthetic value, but the correct choice of plants can help to improve air quality in the home by extracting volatile organic compounds (VOCs). <a href="https://ntrs.nasa.gov/search.jsp?R=19930073077">NASA’s</a> Clean air study found that a number of plants were very effective at cleaning harmful air pollutants and root systems absorbing virus’ and bacteria.

Homes will need to look to become more “multifunctional” to allow them to adapt to the needs and demands of the users, thus avoiding the frustration of being unable to perform tasks effectively when needed. For example, a partition wall that can easily be pulled across an open living space to create an additional office, home schooling area or just an “I need to get away from everyone” kind of space. This shift towards multifunctional living was something that was already being predicted by market researchers <a href="https://blog.euromonitor.com/top-10-global-consumer-trends-in-2020-revealed-by-euromonitor/">Euromonitor</a> as a one of the top 10 global trends for 2020.

<h2>Public and Commercial Spaces - Understanding our post COVID - 19 fears.</h2>

As mentioned, much of the corporate, retail and public sector already embrace design centred around the physical and mental health of their workers, customers and patrons. “Biophilic” design, “virtual workspaces”, “Collaborative workspace” and “workplace wellbeing” are just a few of the buzzwords that are branded across the moodboards and specifications of designers working in these spaces. Certainly COVID-19 will ensure the continuation of many of these philosophies, and while many will shift to having a greater importance there may be a question over whether collaborative working strategies align with the post COVID-19 lessons. 

Ultimately designers will need to drill into the concerns of those using those spaces and come up with strategies and designs which help alleviate these fears. For example, embracing systems which clean air, contactless systems of opening doors, lifts or public bathroom doors, and incorporating surfaces which have antibacterial properties, <a href="https://www.sciencedaily.com/releases/2015/11/151110102147.htm">copper</a> being one such metal with proven abilities to eradicate surface virus and bacteria. 

Utilising smartphone technology to open doors or operate lighting and technology in workplaces or a hotel room. Aged care provider <a href="https://www.feroscare.com.au/feros-stories/articles/myferos-and-google-assistant-are-helping-seniors-live-in-their-homes-longer">Feros Care</a> has developed a program that uses Google Assistant technology in an Australian-first initiative that will allow seniors to manage crucial aspects of their lives via voice-connected devices, so why not extend this to other spaces. There will also be a need for social, public and commercial environments to embrace space and allow people to separate, as well as structure spaces to discourage overcrowding and encourage frequent sanitisation. 

This has perhaps only touched the surface but the underlying essence is that interior designers and architects will really have to delve into the fears and concerns, both physically and mentally, of the users of the spaces that they are designing. As Coco Chanel once said, “Luxury is not luxury unless it is comfortable”. A space can be amazing but if the user is not comfortable within that space, both emotionally and physically, then it is never going to work and with the fears and concerns that many will have post COVID, getting that “comfort” just right will be more important than ever.
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OPINION: Interior Design and the lessons it will learn from COVID-19

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The <a href="/expert-insights/buying/changes-the-real-estate-industry-will-experience-as-a-result-of-the-coronavirus">current crisis</a> has the entire construction industry scratching its collective head.

Whether you an investor, consultant, architect, designer, developer, building materials manufacturer or importer, builder, or especially an estate agent, you must be wondering what is to become of your previously stable business.

Most businesses that I know of are still in <a href="https://blog.smarp.com/ultimate-coronavirus-crisis-management-checklist">crisis management mode</a>. Landlords are being besieged with requests for rent reductions. Banks have queues of entrepreneurs asking for facility extensions. Decisions have been taken as to how many employees need cutting and now the ugly process of informing the unlucky ones is well and truly underway. Accountants have done the cash flows and owners are looking for unencumbered assets to underwrite cash flow.

It is easy to get caught up in all of the above and wallow in your new-found extended personal space.  Fighting fires can produce small wins but if you want to win the war you need to <a href="/expert-insights/buying/4-reasons-to-have-faith-in-australia-s-property-market-for-the-long-run">focus on the future</a> as soon as possible.

Our company, Sourcecorp Victoria Pty Ltd is involved in Importing Innovative Building Materials. The nature of our business necessitates that in order to move product, we need face time with prospects such as designers and architects as new concepts are extremely difficult to get across through other communication methods.

Nobody knows precisely when this will come to an end but when it does, It is reasonable to expect that the Government will use the Construction Industry as a lever to get the economy moving again.

Now is the time for a searching review on your business. Are you in a position to take advantage of the opportunities when they finally arise?

Here are just some items that deserve attention right now.

<ol>
<li>When did you last update your web site?  Is it still relevant?  How does it stand up next to that of your closest competitor?  Are your endorsements more than a year old – if so, it is time to tell the public what you have done for them lately.  Bottom line is that there are a number of independent website designers out there who can help and it is a buyers market.</li>
	<li>Covid 19 might have forced you to jettison staff. Have you given thought as to how you will operate in future?  Will you simply fill the same positions when the crisis ends or will you review exactly what your staff were doing. Your business may well have been top heavy in some areas and understaffed in others.</li>
	<li>What are your existing clients doing? Have you got a list of everyone you have done business with over the last 5 years? Have you updated the list with their current contact details? Have they been contacted to see if you can be of service now? This is the potentially the best source of short term income opportunity as these contacts do not require an introduction and your past record provides immediate credibility.</li>
	<li>If you have gone through the process of reviewing your existing clients, have you noticed that they are from a similar market segment such as Hotels, Aged Care, Student Accommodation, Public Infrastructure etc.  Have you considered the market segments that you are not addressing?  What would it mean to your business to gain a foothold in a Government Infrastructure project? How would you approach them? Would it be worth the cost?</li>
	<li>Are your business premises still fit for purpose? If your current lease is almost expired, it is an opportune time to consider your real needs.  As <a href="/guides/covid-19-how-to-adapt-to-working-from-home">working from home</a> becomes a new normal, you may be able to operate on a smaller footprint. It is likely to be a renters market for quite some time.</li>
	<li>Do you have old stock (be it materials or properties)? How long have you been holding on to it?  Would your clients be prepared for you to offer it at significantly cheaper rates to bolster their financial position? Turning over multiple poor properties for one good one could be a winning strategy.  After all, if your property had little interest in the market pre Covid 19, it is just as likely to be a poor performer afterward.</li>
</ol>
The bottom line is that there is a lot that all of us can do to improve things immediately while ensuring that we are fit to compete when the game eventually resumes.
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centre_right

Keeping sane and moving forward – A COVID-19 odyssey

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<h2>Compassion:</h2>

My office has been inundated with requests for rental discounts from tenants who may (and some who may not) be in financial strife. “I’ve lost my job”. “I can’t pay my rent”, is the general theme here.

Yes, it is an issue that we are all facing and dealing with in the best way we all can as property managers, but the one of the things that has surprised me out of the whirlwind 2nd half of the financial year is the compassion our Landlord clients are showing those in need, and even sometimes extending it to those, that are not in need.

During the <a href="/expert-insights/buying/changes-the-real-estate-industry-will-experience-as-a-result-of-the-coronavirus">post Covid hangover</a>, compassion will continue to play a vital part, in what history has shown can be a very greedy game. A welcome refreshing change in a tenant / landlord relationship.

<h2>Innovation:</h2>

At the time of writing this, <a href="/industry-news/how-are-real-estate-agents-assisting-during-the-covid-19-crisis">agents</a> literally have no way of conducting public property auctions other than utilising online digital solutions. Digital property auctions are now a mishmash of utilising the oldest selling technique known to property, paired to the new age of digital communication.

Yes we have had the tools there to do it for years. We’ve even had various start-ups hounding our sales guys &amp; Corporate offices to come to the next office meeting to do a spiel on their ‘game changer’ auction delivery system. But no one has properly adapted it as there was no real need to, if it ain't broke, don’t fix it right?

Well now it's broke. And all of those start ups are enjoying their moment in the sun, albeit potentially short lived but still they are prospering, lets just hope that digital live streamed auctions are here to stay as it is a terrific way of doing business. Traders have been transacting everything from art to automobiles, and everything in between utilising this method.

Mal James, a popular Buyer advocate from the leafy suburbs of Melbourne (my market place) quite rightly mentioned in his blog yesterday, that a more uniform industry wide platform should be implemented. Not sure if that will ever happen, but all industry eyes on this space right now- that’s for sure.

<h2>Market Rebound:</h2>

Everyone knows it is coming, there were a few days back in late March and early April this year where the uncertainty and anxiety was almost out of control. Far higher than it is now.

Some of the streets were like a scene out of The Walking Dead.

The question now is: When will it happen?

If the GFC rebound curve is anything to go by; it will be short, sharp and quick. As one of my colleagues always says, “They don’t ring a bell at the bottom of the market”.

Some questions that are running through my head:

• Will Australia’s (quite admirable) handling and control of the pandemic lead to greater international interest in our property market?  
• Is the sudden drastic change to our economy here to stay, or will it be back to normal in a few month’s time?  
• First the fires, then the pandemic – does that mean there is a huge backlog of transactions waiting to occur from both buyers and sellers that are waiting for more stability? 

As we enter the early stages of recovery, one thing is for sure: I have a new appreciation for the government and our healthcare workers.
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My top 3 predictions of change for a Post-COVID 19 residential market

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<h2>OPINION:</h2>

The COVID-19 ordeal has thrusted a plethora of topics into the media spotlight and <a href="/expert-insights/buying/changes-the-real-estate-industry-will-experience-as-a-result-of-the-coronavirus">Australia’s property market</a> is one of them. The sentiment seems to be largely negative, and understandably so, as we are certainly experiencing something unprecedented in our generation. 

With the economy in question and unemployment fears in tow, it is unsurprising to see headlines such as “House prices to tumble” grace our front pages daily. 

That being said, one needs to take a step back and think outside of the media.  
  <a href="/guides/how-to-navigate-buying-property-during-the-covid-19-crisis">Property markets</a> are, after all, cyclical. Uninterrupted exponential growth does not exist. House prices may fall but they also recover. In every period of financial market disruption – from the Asian market meltdown of 1997 and the tech boom crash of 2000 to the more recent GFC of 2008 – property has always rebounded strongly. 

Historically low interest rates will also play a big part in how the housing market will grow following COVID-19. In your lifetime, could you ever have imagined borrowing money at an interest rate starting with a 2?

What I can offer you is insight as someone who is experiencing the market firsthand. Week on week, our enquiry and interest levels have been <a href="/guides">getting stronger</a>, and transactions are still occurring. These data are key indicators of whether there is an appetite in the market. If the current figures are anything to go by, one can only imagine what this will look like by year’s end as it will only improve as we move closer to reintegrating and out of isolation. 
  
Now is the time to be on the lookout. You don’t necessarily have to be too opportunistic on distressed selling as they may not be as forthcoming as one might be expecting, given the low rates together with assistance banks have provided. Instead, I encourage you to look at what the market rate is and capitalise on the lack of competition to get better terms. 
  
With rates so low, this is a rare environment for an <a href="/guides/how-to-invest-in-property-in-2020-the-ultimate-guide">investor</a> where in most cases, property will be cash flow positive. This market has self-corrected the Negative Gearing debate as there won’t be any. 
  
Simply put, this period does not need to be too dramatic, but rather a time where clear thinking can lead to great opportunities. At the moment, there seems to be a healthy number of people thinking the same, but it is just not being reported. 

My advice to everyone with skin in the game is to stay calm, do your own research and don’t let the media headlines get to you. It pays to think ahead of the curve as that is how real gains are made.
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Looking beyond the headlines

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RBA board members noted that conditions in commercial property markets were deteriorating.
This followed several years of commercial property price growth in excess of growth in rents.
Prior to the COVID-19 outbreak, parts of the retail property market were facing challenging conditions owing to weak consumer spending and heightened competition.
Following the outbreak, some retail tenants had been seeking suspensions in rent payments or large rent reductions.
Members noted that the risks in commercial property markets warranted close monitoring.
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Commercial property markets deteriorating: RBA

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EXPERT OBSERVER
It has been three weeks since the government shutdown non-essential services, placed a temporary ban on auctions and open inspections, and essentially halted the economy in response to COVID-19. From a values perspective, the CoreLogic hedonic index has been showing a loss of momentum in housing value growth rates since mid-March.  Data through to mid-April has seen a continuation in this trend, with the combined capital city measure slipping into negative territory week-on-week for the first time since early August last year.
To enlarge, <a href="https://www.corelogic.com.au/sites/default/files/inline-images/Image_1.jpg" target="_blank">click here</a>.
<img class="align-center" src="https://www.corelogic.com.au/sites/default/files/inline-images/Image_1.jpg" alt="Image_1.jpg" width="595" height="308" data-entity-type="file" data-entity-uuid="e4a74647-0061-426d-9b8e-084595a05c95" data-image-style="" data-responsive-image-style="wide" data-zoom-image-style="_as_uploaded" data-mfp-src="https://www.corelogic.com.au/sites/default/files/inline-images/Image_1.jpg">
 Additionally, CoreLogic tracks other high frequency metrics that provide insights about how housing market activity is responding to COVID-19. 
Agent activity and listings have fallen 
The first of these metrics is CMA generations. A CMA is a ‘comparative market analysis’ report, that is generated by real estate agents using the RP Professional platform to get information on an individual property.  The report is used by a majority of real estate agents in Australia to research recent comparable sales and market trends, often in order to prepare a property for sale and set an expectation around pricing. Therefore, the generation of a CMA report can be a leading indicator of new ‘for sale’ listings volumes.  This is reaffirmed by the graph below, which shows the rolling 7-day change in CMA generations and listings.
To enlarge, <a href="https://www.corelogic.com.au/sites/default/files/inline-images/Image_2.jpg" target="_blank">click here</a>.
<img class="align-center" src="https://www.corelogic.com.au/sites/default/files/inline-images/Image_2.jpg" alt="Image_2.jpg" width="521" height="295" data-entity-type="file" data-entity-uuid="c9e08bee-6ad8-4f3b-95e3-33f83f197226" data-image-style="" data-responsive-image-style="wide" data-zoom-image-style="_as_uploaded" data-mfp-src="https://www.corelogic.com.au/sites/default/files/inline-images/Image_2.jpg">
The correlation coefficient between the number of reports generated and the number of new listings is 0.8, but increases to 0.9 when the CMA volume series is set forward by two weeks. In other words, the change in the number of CMAs generated is a leading indicator for listings volumes.  For the week ending the 5th of April, the decline in the volume of CMA reports generated was -19.9%, while the weekly change in new listings volumes recently bottomed out at -26.3%.  This downward trend re-occurred in the week ending the 12th of April, but this is expected around the Easter long weekend. Before the holiday period, the number of CMAs, and indeed new listings volumes, seemed to be stabilising.  In the 28 days to Easter Sunday 2020, the number of new residential listings advertised for sale across Australia was 24,051. This is by far the lowest level of listings for this time of the year in years, and is 27.3% below the equivalent period last year. 
To enlarge, <a href="https://www.corelogic.com.au/sites/default/files/inline-images/Image_3.jpg" target="_blank">click here</a>.
<img class="align-center" src="https://www.corelogic.com.au/sites/default/files/inline-images/Image_3.jpg" alt="Image_3.jpg" width="551" height="283" data-entity-type="file" data-entity-uuid="8e243b11-e232-4cde-8744-98b2035ac567" data-image-style="" data-responsive-image-style="wide" data-zoom-image-style="_as_uploaded" data-mfp-src="https://www.corelogic.com.au/sites/default/files/inline-images/Image_3.jpg">
This is particularly significant given that this time last year was close to the trough of the previous downturn, and represents listings volumes in a weak market.  The weak new listings figures reflect a dive in consumer confidence at the onset of COVID-19. Over March, the Westpac-MI Consumer Sentiment index plunged 17.7%, which is the single biggest monthly decline in the history of the index. High levels of uncertainty and rising unemployment has led to postponed activity in the property market.
<h4>Valuations have slumped, but in some cases this is a good sign </h4>
Another early market indicator being tracked are the change in valuations ordered across CoreLogic platforms. CoreLogic platforms account for the vast majority of valuations ordered on property, including for the purposes of refinancing, purchases, construction and mortgagee in possession events.
In the week ending 12th of April, the total number of valuations ordered was down -24.0% over the week, and 19.2% over the last year. The weekly drop has been compounded by the Easter break, however valuation activity has been trending lower since mid-to-late March.  While the continued decline in valuations is reflective of a drop off in market activity, it is interesting to note that there has not yet been an uplift in ‘mortgagee in possession’ valuation events, in fact MIP related valuations remain an insignificant proportion of overall valuation activity.  This is important, because the mortgagee in possession category refers to valuations motivated by the bank taking control of an asset where the borrower has failed to make repayments. In fact, data to the 14th of April suggests that valuations generated for this reason have seen the largest decline of any other valuation types, down 62.2% on the previous year. The number of MIP valuation events will be an important indicator to track; a trend towards increasing MIP valuation events would imply more distressed properties are flowing onto the market.   In the same period, 75.3% of valuations ordered were for the purpose of loan refinancing, which suggests high volumes of borrowers looking to take advantage of record low interest rates. However, it is still worth noting these types of valuations were also significantly down on the equivalent week in 2019 (-12.0%) after tracking well above 2019 levels until late March.  The extent of decline in activity across CoreLogic platforms shows clear signs of a sharp slowdown in market activity. With plunging property volumes across listings, and less activity from real estate agents and valuers, there is likely to be a severe drop in the number of properties being transacted over the coming weeks and months; at least until social distancing policies are lifted and sentiment levels return to more normal levels as the economy emerges from the COVID-19 slump.  But less listing activity also speaks to the moderation of supply against less demand for property. This is one reason that property values are unlikely to fall as quickly, or the same extent, as transaction volumes. 
ELIZA OWEN is CoreLogic's <a href="https://www.corelogic.com.au/news/early-market-indicators-show-first-signs-housing-market-slowdown?utm_medium=email&amp;utm_source=newsletter&amp;utm_campaign=20200420_propertypulse" target="_blank">head of research</a>.
<a href="https://www.corelogic.com.au/early-market-indicators" data-image-style="" data-responsive-image-style="" data-zoom-image-style=""></a>
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