A trio of Queensland property groups have unveiled plans for a $300 million mixed-use redevelopment of the former Noosa Bowls Club site, a proposal that would deliver more than 200 new homes in one of the Sunshine Coast's most supply-constrained markets.

Kilter Property, Frank Developments and Calile Malouf Investments are behind the plans for the 1.8-hectare site at <a href="https://www.apartments.com.au/new-apartments/99-noosa-drive-noosa-heads-qld-4567">99 Noosa Drive</a>, which would transform the long-vacant site into a new residential precinct featuring 208 apartments, retail, hospitality and public space.

The proposal comes as Noosa continues to grapple with housing affordability and a shortage of permanent accommodation, particularly for key workers. The site's location in Noosa Junction, close to shops, public transport and employment, aligns with the direction of Noosa Council's Housing Strategy, which encourages higher-density housing within established activity centres rather than continued urban expansion.

The draft plans include 48 affordable-by-design apartments and 48 rooming accommodation units aimed at key workers. Around 2,000 sqm of ground-floor retail and food and beverage space would activate the street frontage, alongside a new public town square and landscaped open space.

<img alt="Noosa" data-entity-type="file" data-entity-uuid="2dd02f53-1360-4e51-801e-bfd61a6c980e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-26%20at%208.44.34%E2%80%AFPM.png?VersionId=x1iNs3BSMN6Jy7YUwaBZMHRrrKX2hMpy" />

&nbsp;

Frank Developments Founder and Director Frank Licastro said the development would continue the company's focus on architecturally-led residential projects while addressing one of the region's biggest challenges.

"Not only will this project exude a sense of luxury, it will also enhance not only the built environment but also the surrounding community," Licastro said.

"Noosa's success relies on the people who live and work here. Providing well-designed accommodation for key workers is critical to supporting the local economy and ensuring the Shire can continue to thrive."

Kilter Property Co-Founder Huw Williams said the focus was on delivering additional permanent housing while creating a mixed-use destination that benefits both residents and the wider community.

"Our focus is on delivering a well-considered mixed-use project that provides more permanent housing options, supports local workers and businesses, and delivers an exceptional product for the local market," Williams said.

"The redevelopment vision aligns with the long-term evolution of Noosa Junction as a vibrant activity centre, creating a destination that enhances the area's character while delivering significant economic and community benefits."

Calile Malouf Investments, best known for its role in Brisbane's James Street precinct and The Calile Hotel, will bring its place-making experience to the project. The company recently commenced construction on The Calile Noosa hotel and says the residential development will complement its growing investment in the region.

CMI Director Cal Malouf said the aim was to create a walkable precinct combining housing, retail and hospitality while remaining true to Noosa's character.

"We see a similar opportunity in Noosa to deliver a vibrant, walkable destination that combines exceptional housing, hospitality and retail in one integrated project," Malouf said.

Brisbane-based Cavill Architects has been appointed to design the project.

Joel Robinson

Noosa Bowls Club to be redeveloped into mixed-use apartment precinct

One of Brisbane's last major riverfront redevelopment opportunities has taken a significant step forward, with Lendlease selected as the Queensland Government's preferred development partner for the former Visy site in South Brisbane.

The seven-hectare industrial site, positioned between South Bank and West End and 1.3 kilometres from the Brisbane CBD, will be transformed into a mixed-use precinct expected to deliver more than 4,000 new homes alongside extensive public open space and riverfront parkland.

The project is one of the largest urban renewal opportunities currently planned in Brisbane and is expected to play a key role in accommodating the city's growing population ahead of the 2032 Olympic and Paralympic Games.

Plans for the precinct include a network of riverfront promenades and boardwalks, new public plazas, parkland, amphitheatre-style gathering spaces and shared pedestrian and cycling links designed to reconnect the long-isolated site with the Brisbane River.

The Queensland Government is targeting delivery of the first homes and key public spaces before the 2032 Games, allowing the precinct to begin contributing new housing and public amenity well before the broader masterplan is complete.

The redevelopment is also expected to support more than 3,000 jobs across planning, construction and ongoing operations.

For Lendlease, the appointment adds another major urban regeneration project to its Queensland portfolio. The developer has operated in the state for more than 70 years and has delivered a number of large-scale mixed-use precincts in partnership with government.

Lendlease Development CEO Claire Johnston said the project represented one of Brisbane's most significant redevelopment opportunities.

"The transformation of the former Visy site represents a rare opportunity to reimagine one of Brisbane's most significant riverfront locations, deliver thousands of much-needed homes, and create long-term legacy," Johnston said.

"In partnership with the Queensland Government, we have the opportunity to create a new riverside destination that will help shape Brisbane's growth and how people experience the city for decades to come.

"This is exactly the type of large-scale, city-shaping development that will provide lasting benefits for Queensland, bringing together housing, jobs and world-class public spaces."

Deputy Premier and Minister for State Development, Infrastructure and Planning Jarrod Bleijie said the riverfront transformation would deliver a thriving new community precinct.

“The Crisafulli Government is delivering this golden opportunity to unlock a riverfront jewel for all Queenslanders,” Deputy Premier Bleijie said.

“This is a once-in-a-generation moment to reshape a significant slice of Brisbane and deliver lasting benefits – thousands of new homes, and public spaces for all Queenslanders to enjoy well beyond the 2032 Olympic and Paralympic Games – unlike Labor’s plan which would have delivered zero benefits and zero new homes.

“Queensland is well and truly open for business and through partnership with the private sector, we are accelerating delivery while ensuring strong housing, community and economic outcomes."

Early works on the precinct are expected to commence in April 2027.

Lendlease selected to deliver transformative South Brisbane riverfront precinct

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 plans to redevelop the 13,088 sqm WIN Grand megasite into <a href="https://www.apartments.com.au/new-apartments/crown-square-216-238-keira-street-wollongong-nsw-2500">Crown Square</a>, a new $500 million precinct with nearly 600 apartments. It also 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.

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 Australia</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 Australia'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 Australia 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 Australia files for trio of apartment towers in Campsie town centre</a>

Arada Australia 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 Australia doubles down in Campsie with 33-storey Metro-front tower 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?

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

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The number of properties currently listed for sale nationally is tracking at the lowest level in nine years, according to market analysis from CoreLogic.
Freshly advertised stock for sale is at its lowest level since 2010, down almost 22% from the same time last year.
Over the 28 days of July 27,848 newly listed properties were advertised for sale nationwide.
There has been a spurt as a week ago the fresh listings stood at 16,439.
<img src="https://www.urban.com.au/images/2019/8/1/listings.png" alt="">
In Sydney and Melbourne specifically, the number of newly advertised private treaty properties for sale hasn’t been as low as it is currently since CoreLogic began tracking listings in 2007 - 12 years ago.
Meanwhile Adelaide and Perth were the only auction markets to see a higher number of homes taken to auction this week compared to the same week one year ago.
As the market seemingly begins to stabilise however, there are signs that vendor confidence might be turning according to analyst Cameron Kusher who noted, “with the spring listing season only one month away, there is a strong chance listing numbers will rebound sharply as pent-up vendor demand is unleashed.”
Some 1,014 capital city homes are scheduled to go under the hammer this week, down 10 per cent on last week when 1,124 auctions took place, and lower than the 1,324 auctions held over the same week last year.
In Sydney, 352 homes are set for auction this week, down on the 394 auctions held last week and lower than the 462 auctions held last year.
Some 460 auctions are scheduled to take place across Melbourne this weekend, down on the week prior when 544 auctions took place across the city, and 26.9 per cent fewer auctions than the same week one year ago.
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wdavis-8cCN98p7xp

Fresh property listing numbers at 12 year lows in Sydney and Melbourne

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EXPERT OBSERVER
The RBA meets on August 6 and releases the Statement on Monetary Policy on August 9. We think it is quite unlikely that the Board will decide to do a third consecutive cut at this meeting but remain comfortable with our view that the RBA will deliver additional 25bps cuts in October and February.
The Reserve Bank Board meets on August 6 to consider whether to extend the sequence of rate cuts in June and July for another month.
We think it is quite unlikely that the Board will decide to do a third consecutive cut at this meeting.
Following the cut in July, the Governor noted, “The Board will continue to monitor developments in the labour market closely and adjust monetary policy if needed to support sustainable growth in the economy and the achievement of the inflation target over time".
That statement compared with the June statement, “The Board will continue to monitor developments in the labour market closely and adjust monetary policy to support sustainable growth in the economy and the achievement of the inflation target over time".
The inclusion of the term “if needed” in the July statement indicates that the level of urgency for the next cut is lower in July than it was in June – implying that some time would be required to assess whether another cut was needed.
I wrote at the time of the release of the July Board minutes: “my experience is that when a central bank decides to pause, it often refers back to previous policy decisions. In the final paragraph of the July minutes, the Board notes “this decision, together with the reduction in the cash rate decided at the previous meeting, would assist in reducing spare capacity in the economy”.
Finally it is worth recalling the final paragraph of the speech which the Governor delivered after the Darwin Board meeting in July when he noted: “So we will be closely monitoring how things evolve over coming months.” The use of the plural (months) seems to be confirmation that there would be no urgency to move as soon as August.
On July 25th, we revised our forecast of the timing of the next rate cut from November to October. In addition we extended the easing cycle to include another, and final, cut, in February next year. We remain comfortable with that view.
The Governor’s Statement next week will be of interest particularly around whether he is planning to move as soon as September. Here we will certainly be interested in whether he persists with the “if needed” qualification. We favour that term still being used implying that, at least at the time of the meeting, the Board expects to hold fire in September.
Other themes will be consistent with the July statement are: strong employment growth but spare capacity in the labour market; housing conditions soft, although tentative signs of stabilisation in Sydney and Melbourne (CoreLogic reported house prices in Sydney and Melbourne lifted by 0.2% in July); inflation pressures subdued, although the central scenario remaining for trimmed mean inflation to be 2% in 2020; and the central scenario remaining for growth to be around trend.
These themes will give us an early signal of the revised forecasts for growth, inflation and unemployment which will be released with the August Statement on Monetary Policy on August 9. These forecasts are critical for gauging the Bank’s approach to policy and he will be testifying to Parliament that same morning.
Recall that when the last set of forecasts was released in May, the RBA forecast GDP growth at 2.75% in both 2019 and 2020. That is a benign outlook given that “trend” is assessed as 2.75%. However it is going to be difficult to credibly maintain the 2019 growth forecast at 2.75%.
Since the May Forecasts were released, GDP growth in the March quarter printed a low 0.4% and the partials for the June quarter are pointing to around 0.5%. A 0.9% read for the first half of the year requires 0.9% quarterly increases in each of the last two quarters.
Now we acknowledge that the second half of 2019 will be stronger than the first half with the benefits of the rate cuts, tax cuts, stabilising of the housing markets in Sydney and Melbourne, and lower AUD; but we certainly do not see growth lifting to an annualised pace outside 2.5-3.0%. It is most likely that the RBA will choose the 3% pace and lower the forecast for GDP growth in 2019 to 2.5% from 2.75%. That would provide a credible base for retaining the 2.75% forecast in 2020. We see the pace at nearer 2.5% in 2019 H2, ultimately pushing the RBA's forecast for 2019 back to 2.25% and 2020 to around 2.5%.
The June quarter Inflation Report provided the RBA with some welcome news. The trimmed mean inflation rate for the quarter printed 0.42%, above the Westpac forecast of 0.3%. This followed a 0.3% in the March quarter. We detected a stronger than expected pass through in clothing, footwear, household goods and cars from the low AUD.
With 0.3% in Q1 followed by 0.42% in Q2, the RBA can, with a large stretch, retain its forecast for the trimmed mean of 1.75% for 2019, making a drift up to 2% in 2020 a reasonable outcome. We expect the trimmed mean in the September quarter to print 0.3% for a rounded 1.5% for 2019. The RBA is likely to confront that reality for the November Statement, forcing it to delay the return of the trimmed mean inflation rate to 2% in 2021. For now, it will most likely continue to declare that trimmed mean inflation will be back within the 2-3% band in 2020.
So far, so good, but the unemployment rate forecast is likely to be a major problem for the RBA. Recall that in May, it forecast the unemployment rate to hold at 5.0% through 2019 and 2020. Unfortunately the rate for June has lifted to 5.24% against a May SOMP forecast of 5.0%. The problem is compounded by the 'rule-of-thumb' amongst economists that above trend growth is required to lower the unemployment rate. At best, the RBA will be forecasting trend growth in 2020, challenging any forecast that the unemployment rate will fall from the current 5.25%.
It will be this tension with the unemployment rate, which we expect to lift to 5.4% by year’s end that will trigger that 0.25% rate cut in October.
This problem will be further complicated for the RBA by market pricing. The forecasts in May already incorporated the two rate cuts in June and July (although markets were envisaging the cuts to come later in the year). The forecasts in August will incorporate a further cut in October (market pricing) and a near full second cut by mid-2020.
If, as we expect, those forecasts will be barely acceptable for growth and inflation and well below the RBA’s “desired” 4.5% for the unemployment rate, then the very least that the RBA can do is to deliver a 25bp October cut and plan to repeat the dose in 2020 H1.
BILL EVANS is the Chief Economist at Westpac
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j.ballantyne1990-6AQqhLzZaK

RBA to hold in August but further cuts forecast in 2019 and early 2020: Bill Evans

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There is no shortage of apartment or townhouse living all over Australia <a href="/developments">with plenty more developments on their way as well</a>. While the <a href="https://www.becomingminimalist.com/10-reasons-why-minimalism-is-growing-a-k-a-10-reasons-you-should-adopt-the-lifestyle/">idea of minimalist living also grows</a>, the need for small kitchen design ideas is vital to ensure that you not only get the most out of your limited space but also enjoy how everything looks.

While the idea of downsizing your lifestyle to something like an apartment may be attractive, many people, especially those who love to cook, are put off by the idea of a cramped kitchen area. However, this doesn’t have to be the case. Apartments.com.au have compiled these clever kitchen design ideas for small kitchens to help create a practical and stylish space for food preparation and entertaining.

<h2>Storage</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/storage.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="301" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/storage.png?itok=kQotuws2" width="580"></a></figure>With any kitchen, not just the small ones, storage is one of the most critical elements. With small kitchens in particular, however, you need to make use of every spare inch. Small kitchens need to ensure that all areas are working as hard as they can. This doesn't mean over-cluttering, just being smart with the use of space.

It is a little easier to plan your area in a new development. Existing homes <a href="/guides">or off-the-plan apartments</a> may be a little more set in their layout, so it will take some work to understand which small kitchen design ideas work for your area. Think about how you use your kitchen as this will give an idea of the most optimal positions for where things need to be and what sort of storage you will require. 

Store your kitchen items by how often they're used, especially when deciding on their shelf location, with everyday objects in the lower spots.

Compact containers can be a great way to store things while also providing a nice visual element. You can use baskets for storage of condiments and keep fresh herbs in pots which not only provides storage but an easy way to take them over to the dining table.

If you notice any wasted space, stack containers there or add a utensil rail or magnetic knife board (as pictured above). You can hang hooks on the side of cupboards or create extra shelves in corners. Storage helpers are the best way to use all of your cupboard space. There is a range of internal storage solutions available for slim cupboards, or you can get a mobile solution in the form of trolley or butcher's block that can be moved out of the way when necessary.

<h2>Opt for a large sink</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/optforalargesink.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="561" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/optforalargesink.png?itok=N7fopzRz" width="580"></a></figure>It is unlikely that a dishwasher will be a feature of a small kitchen, so to make up for it, install a double sink if possible. This allows you to use a bowl for washing and another to hold dirty dishes or for drip drying. 

This <a href="/expert-insights/buying/decluttering-experts-share-effective-downsizing-advice-for-apartment-living">will help to declutter the workspace</a> while cooking and give ample room to ensure that clean-up is easy.

<h2>Layout design</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/layoutdesign.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="363" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/layoutdesign.png?itok=1cQlklcJ" width="580"></a></figure>If you are in the planning stage of a new apartment, <a href="/expert-insights/buying/11-small-apartment-ideas-create-more-space-following-these-simple-steps">you may be looking for ways to create more space in a limited area</a>. The design layout of your kitchen needs to be functional while also looking good.

The key to the right layout is the moulding of the kitchen design into the space, which often means less is more. Attempt to incorporate everyday appliances into the space via purpose-built appliance cabinetry and stack appliances where possible.

Some points to remember when designing your layout include:

<ul>
<li>
	Avoid using cabinets that have a lot of empty space, opt for drawers where possible
	</li>
	<li>
	Don't place your cooktop and sink too close together and ensure enough room for saucepan handles 
	</li>
	<li>
	Use open shelves to maximise wall space
	</li>
	<li>
	If you do have a dishwasher or oven, ensure there is room for the doors to be fully opened
	</li>
</ul>
<h2>One-wall kitchens</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/onewallkitchens.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="285" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/onewallkitchens.png?itok=kAoy6EMK" width="580"></a></figure>One-wall kitchens, which surprisingly are confined to just one wall, are common in open-plan areas and studio apartments. They are great because everything is very easily accessible while cooking; however, they do lack counter space.

For this reason, it would be best to bring in something that can serve as a preparation area, be this via a table or portable kitchen island. The table can double as a spot to actually eat whatever you cook on, <a href="/guides/14-steps-to-making-your-brand-new-apartment-feel-like-home">which is one way to help make your apartment feel more like a home</a>. Alternatively, you can bring in some sort of narrow console as a place for tools and ingredients while cooking.

One-walled kitchens often have a habit of being the focal point of the space when in studio apartments, which is why it is best to reduce the open areas with folding doors or panels which can help to hide clutter and make the wall less busy to the eye.

The alternative to the one-wall kitchen in small apartments is the galley kitchen which features two parallel walls in a hallway style setup. These layouts can often create a cavelike feel, which is why it is best to avoid upper cabinetry, instead opting for shelving to open up the space. You will likely need tall storage for the pantry area, try to keep this as the only tall storage in the galley kitchen.

<h2>Knowing your small kitchen</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/knowingyoursmallkitchen.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="402" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/knowingyoursmallkitchen.png?itok=Qroi3F6q" width="580"></a></figure>While a lot of the <a href="/guides/looking-for-something-special-in-qld-here-are-6-of-brisbanes-unique-apartments">new apartments that are popping up can be quite unique</a>, the kitchens tend to stick to certain designs. The following are some of the different shapes of small kitchens:

<ul>
<li>
	The Horseshoe or U-shaped kitchen which has loads of counter space and under-counter storage
	</li>
	<li>
	The Peninsula or G-shaped kitchen which features an extra counter on top of what would otherwise be considered a U-shaped kitchen
	</li>
	<li>
	The L-shaped kitchen which features counters along two perpendicular walls with a single corner and open space
	</li>
</ul>
There are various elements you can include into the above layouts to make the most of the space while also creating a desirable aesthetic. This can include:

<ul>
<li>
	Seating
	</li>
</ul>
If you have a design that includes extra counter areas, add stools or seating options for breakfast time or casual dinners. This is also great for entertaining as it creates a central point for snack and people to crowd around as well as creating an extra dining spot.

<ul>
<li>
	Pendant Lights
	</li>
</ul>
Make your surface area well lit for food prep with a row of pendant lights that not only look stylish but offer directional light for your tasks while brightening up the entire kitchen.

<ul>
<li>
	Floating Tables
	</li>
</ul>
Specifically for use in an L-shaped kitchen that faces a blank wall, a floating table will create extra counter or dining space. If you have a narrow area, you can find fold-down tables that close into the wall when not in use. The other layouts listed above can benefit from a slim, rolling island, which can be moved around or out of the way when necessary.

<ul>
<li>
	Cohesive Materials 
	</li>
</ul>
Your small space will look sleek if you use panel-ready appliances that match your cabinetry. This is a key aspect of the minimalist look.

<ul>
<li>
	Light cabinets
	</li>
</ul>
Ensure that your cabinetry isn't too dark to avoid making an already small kitchen feel cramped. Exposed shelving can also help to prevent this.

<ul>
<li>
	A Kitchen Island
	</li>
</ul>
For layouts with a lot of space, a kitchen island creates a central element for extra space and storage. Since it can be a centerpiece, give the base a bold colour that works with all of the other cabinetry.

<ul>
<li>
	A Pot Rack
	</li>
</ul>
Pots and pans can be bulky and take up a lot of storage space. Hanging them from a rack frees up some room and can make it easier to access these necessities. 

<h2>Making the most out of your small kitchen</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/makingthemostoutofyoursmallkitchen.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="380" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/makingthemostoutofyoursmallkitchen.png?itok=WTKuD5zV" width="580"></a></figure>Don't let the idea of having a small kitchen turn you off of <a href="/new-apartments">finding a new apartment that offers luxury, comfort, and convenience</a>. It is easy to make a small kitchen functional and a stand-out feature of your home.

Ensuring that you make use of all the available space and positioning the elements of your kitchen in such a way that things are not cluttered can make small areas feel far more spacious and comfortable.

Small apartments and homes are charming and cozy as long as you understand the do's and don't of your particular layout. The kitchen is an essential part of every home and downsizing your living space, and therefore your kitchen doesn't mean you need to say goodbye to the efficiency, style, and organisation of a bigger one.
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urban.com.au

Small Kitchen Design Ideas

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EXPERT OBSERVER
Australian capital city dwelling prices rose 0.1% in July according to CoreLogic. After a 10.2% decline over 22 months (which was worse than the decline seen in the GFC), this is their first rise since September 2017. Dwelling prices are still down 7.3% from a year ago.
Sydney dwelling prices rose 0.2% which their second gain in a row and Melbourne prices also rose 0.2% which is also their second gain in a row.
Prices also rose in Brisbane (+0.2%), Hobart (+0.3%) and Darwin (+0.4%) but fell in Adelaide (-0.3%), Perth (-0.5%) and Canberra (-0.3%). Perth prices are now down 20.2% from their 2014 high.
<a href="https://www.propertyobserver.com.au/images/2019/8/1/house%20price%201.png" target="_blank">Click here</a> to enlarge:
<img src="https://www.urban.com.au/images/2019/8/1/house%20price%201.png" alt="">
Source: CoreLogic, AMP Capital
The boost from the election result which removed the threats to negative gearing and the capital gains tax discount, RBA rate cuts, and positive headlines around the relaxation of the 7% mortgage rate serviceability test and tax cuts have helped provide a bounce in home buyer demand.
This is clearly evident in a rebound in auction clearance rates where July saw the best monthly average clearance rates in Sydney since May 2017 and in Melbourne it was the best since October 2017. See the next two charts.
While this has come on very low volumes its usually the case that improved clearance rates lead a pick up in volumes and this is likely to be seen in the months ahead.
<a href="https://www.propertyobserver.com.au/images/2019/8/1/house%20price%203.png" target="_blank">Click here</a> to enlarge:
<img src="https://www.urban.com.au/images/2019/8/1/house%20price%203.png" alt="">
Source: Domain, CoreLogic, AMP Capital
<a href="https://www.propertyobserver.com.au/images/2019/8/1/house%20price%204.png" target="_blank">Click here</a> to enlarge:
<img src="https://www.urban.com.au/images/2019/8/1/house%20price%204.png" alt="">
Source: Domain, CoreLogic, AMP Capital
However, while home prices may have bottomed its doubtful that annual price gains are on their way to 10% or so as implied by the past relationship between clearances and prices and the current level of clearances. See the charts above. 
The situation today is very different to 2011 when the RBA first started to cut rates in this interest rate cutting cycle which in turn helped unleash booming conditions in the NSW and Victorian economies and rapid debt growth made easy by somewhat lax bank lending standards against a backdrop of undersupplied property markets all of which fuelled rapid growth in Sydney and Melbourne property prices.
 By contrast today, household debt to income ratios are much higher, bank lending standards are much tighter such that a return to rapid growth in interest only and investor loans is most unlikely, the supply of units has surged pushing Sydney’s rental vacancy rate well above normal levels and unemployment is likely to drift up as overall economic growth remains weak. 
So we don’t see a return to boom time conditions and expect constrained low single digit price gains through 2020.
<a href="https://www.propertyobserver.com.au/images/2019/8/1/houseprice%202.png" target="_blank">Click here</a> to enlarge: 
<img src="https://www.urban.com.au/images/2019/8/1/houseprice%202.png" alt="">
 
Source: CoreLogic, AMP Capital
Rising unemployment will be the key to watch. We expect unemployment to drift up to around 5.5% by year end, but a sharper rise could result in forced property sales and another leg down in property prices. This is not our base case but is the key risk in terms of the property outlook.
Much higher unemployment is something the RBA is keen to avoid – in fact it wants unemployment to fall to 4.5% or below – so our view remains for further cash rate reductions in November and February next year taking the cash rate to 0.5%.
<a href="https://www.propertyobserver.com.au/https://plus.google.com/110172465327488162875?rel=author">SHANE OLIVER</a> is head of investment strategy and economics and chief economist at <a href="https://www.ampcapital.com.au/home">AMP Capital</a> and is responsible for AMP Capital's diversified investment funds.
 
 
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soliver-smf6LQXgW9

Australian capital city house prices up 0.1% in July, but do not expect a return to boom time conditions: Shane Oliver 

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GUEST OBSERVATION 
Imagine a community of 200,000. Convivial, walkable, six times the density of Manhattan but with a smaller ecological footprint. It provides low-cost services and affordable housing mixed with productive uses such as recycling, farming and trading. It’s a city within a city.
But the streets aren’t wide enough to allow cars. The houses seem makeshift and the drains need work. The adaptations make it look like a place under perpetual construction.
In fact, the landlords and local leaders have incrementally built their houses and urban amenities over the last 40 years. They have self-organised to provide services such as gas, electricity and water. Non-government organisations (NGOs) have often provided extensive support to help with this process.
The only catch is this community has been built on unused public land. Now the residents face threats of resettlement to allow for “development” projects planned by the state. After spending six months in such a place, I can attest to their simultaneous desire to live their lives and the fear of uprooting that underlies their daily life.
<img src="https://images.theconversation.com/files/285576/original/file-20190724-110158-11gasn9.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
Sahajul, a local elder, recollects the struggles he faced to kick-start Karail as a place. 
Mohammed Jilani/Open Studio, Author provided
The story of a billion people
The place is Karail, the largest informal settlement in <a href="https://en.wikipedia.org/wiki/Dhaka" target="_blank">Dhaka</a>, but the story is not particular to there. A billion people live in such places around the world. That number is slated to reach <a href="https://unhabitat.org/books/world-cities-report/" target="_blank">3 billion people in the next 30 years</a>.
This means informal settlements are one of the major ways developing cities are being produced. Conventional planning approaches such as slum clearance, cookie-cutter high-rises, peripheral resettlement and back-to-village programs have often failed to manage them.
UN-Habitat, the body with global responsibility for issues of urban growth, advocates city-wide <a href="https://www.citiesalliance.org/about-slum-upgrading#Why_not_tear_down" target="_blank">slum upgrading</a> and integration with metropolitan plans. Such programs are explicitly “<a href="http://www.monppab.org/content/libraryfiles/160.pdf" target="_blank">participatory</a>” and inclusive. Specifically, UN-Habitat <a href="https://unhabitat.org/quick-guide-for-participatory-city-wide-slum-upgrading-city-wide-slum-upgrading-for-sustainable-urbanization/" target="_blank">recommends</a> member states “recognise the rights and contributions of slum dwellers and change the view that they are illegal”.
However, these recommendations are non-binding. It is up to the state and NGOs to implement policies on the ground. While funding agencies and local civic bodies have important roles too, they are ineffective in formulating the upgrading programs by themselves.
<a href="https://images.theconversation.com/files/285568/original/file-20190724-110187-1f79zyw.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/285568/original/file-20190724-110187-1f79zyw.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
An overhead view of Karail. 
Google Earth, Author provided
What’s the plan for Karail?
In Karail’s case, the land belongs to the Ministry of Science and Information &amp; Communication Technology (MoSICT). It plans to establish a <a href="https://bhtpa.portal.gov.bd/sites/default/files/files/bhtpa.portal.gov.bd/page/fd2c28e6_99ab_43d4_8262_ff8d87165be7/Draft%20Feasibility%20Study%20Report-%20Mohakhali.pdf" target="_blank">software technology park</a> to replace the settlement. In 2014, several NGOs providing pro bono legal aid filed petitions in court challenging the authority to carry out evictions on such a massive scale. The final verdict is still pending, but the word on the streets in Karail is that the wheels are in motion to make the project happen by any means.
<a href="https://images.theconversation.com/files/285624/original/file-20190724-110175-kuy1wu.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/285624/original/file-20190724-110175-kuy1wu.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
The existing settlement and proposed development plan. 
Tanzil Shafique and BHTPA, Author provided
If the project proceeds, the demolitions will begin soon. The resettlement plan for the project proposes six options, none of which are slum upgrading.
<a href="https://images.theconversation.com/files/285573/original/file-20190724-110162-3hzn1q.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/285573/original/file-20190724-110162-3hzn1q.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=237&amp;fit=clip" alt=""></a>
 Kurail is an established community that is home to at least 40,000 families. 
Tanzil Shafique, Author provided
In the best-case scenario, about 6,000 economy flats (roughly 25 square metres) will be built on site. Remember, at least 40,000 families live in Karail. The other options – including off-site resettlement or cash compensation – are far worse.
The draft plan shows no understanding of the site as an existing city, nor are there any attempts to integrate slum upgrading into the project, as UN-Habitat recommends. Note that the objective of the project is “to establish knowledge-based industries contributing to the national economy and helping achieve the goals of <a href="https://en.wikipedia.org/wiki/Vision_2021" target="_blank">Vision 2021: Digital Bangladesh</a>”. The project is predicted to <a href="https://www.propertyobserver.com.au/http://www.theindependentbd.com/printversion/details/133535" target="_blank">create 30,000 jobs</a>.
Such is the cruel irony of “development”. For an estimated investment of <a href="https://bhtpa.portal.gov.bd/sites/default/files/files/bhtpa.portal.gov.bd/page/fd2c28e6_99ab_43d4_8262_ff8d87165be7/Draft%20Feasibility%20Study%20Report-%20Mohakhali.pdf" target="_blank">AU$300 million</a>, the project will generate <a href="http://www.theindependentbd.com/arcprint/details/113909/2017-09-14" target="_blank">30,000 future jobs</a>, replacing the estimated <a href="https://torturedocumentationproject.files.wordpress.com/2014/05/poverty-and-violence-in-korail-slum-in-dhaka.pdf" target="_blank">116,000 jobs that Karail supports</a>. The project will displace 40,000 families from their current affordable housing and build high-rise apartments to house only 6,000.
In a city already on the <a href="https://www.thedailystar.net/city/dhaka-traffic-jam-congestion-eats-32-million-working-hours-everyday-world-bank-1435630" target="_blank">verge of collapse with traffic congestion</a>, the project is set to attract more traffic to the centre. Vehicle-based infrastructure will replace the non-motorised walkable neighbourhood of Karail. The cost of losing the accumulated social capital of the people of Karail only makes it worse.
‘Development’ that fails people
<a href="https://images.theconversation.com/files/285575/original/file-20190724-110166-1u7jv7n.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/285575/original/file-20190724-110166-1u7jv7n.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=237&amp;fit=clip" alt=""></a>
The housing in Bhashantek Rehabilitation Project exemplifies how not to resettle a community. 
Tanzil Shafique, Author provided
Such “<a href="https://www.propertyobserver.com.au/https://press.princeton.edu/titles/9564" target="_blank">development</a>” in pursuit of a techno-ideological spectacle, without a sense of equitable well-being, is empty and is particularly threatening to informal settlements due to land value. Even when the state operates with the best of intentions and provides off-site resettlement, it has proven to be disastrous in Bangladesh, as exemplified by the <a href="https://files.eric.ed.gov/fulltext/EJ1080519.pdf" target="_blank">Bhashantek Rehabilitation Project</a>.
As Karail’s case shows, conventional “development” and policymaking do not know how to deal with such settlements. Planning is conducted with <a href="https://www.tandfonline.com/doi/abs/10.1080/14649357.2015.1071870" target="_blank">half a mind</a> in the absence of empathy. “Inclusive cities” and “sustainable development” become empty motherhood slogans.
New practices can only emerge when we begin to learn how the other half lives and become allies in their struggle. Will Karail survive the onslaught of development? Well, it has survived decades of adversity so far and there is never any scarcity of hope.<img src="https://counter.theconversation.com/content/120600/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">
<img src="https://images.theconversation.com/files/285570/original/file-20190724-110162-1siaz6o.JPG?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
Karail is a place of learning to hope. 
Tanzil Shafique, Author provided
Tanzil Shafique, PhD Researcher in Urban Design, University of Melbourne
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/what-sort-of-development-has-no-place-for-a-billion-slum-dwellers-120600" target="_blank">original article</a>.
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What sort of ‘development’ has no place for a billion slum dwellers?

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GUEST OBSERVATION
Coalition minister Angus Taylor is under scrutiny for possibly intervening in the clearing of grasslands in the southern highlands of New South Wales. Leaving aside the political dimensions, it’s worth asking: why do these grasslands matter?
The grasslands in much of eastern Australia are the result of forests and woodlands cleared to “improve” the landscape (from a grazier’s point of view) to make it suitable for grazing livestock.
The “improvement” typically entails cutting trees, burning the felled timber and uprooting tree stumps, followed by ploughing, fertilising and sowing introduced grasses that are more palatable to livestock than many native grasses.
However, largely treeless native grasslands once occurred at high elevations across much of the Monaro tableland, in the area stretching between Canberra and Bombala.
The Monaro grasslands (or in scientific speak, the <a href="http://www.environment.gov.au/biodiversity/threatened/conservation-advices/natural-temperate-grassland-southern-tablelands" target="_blank">natural temperate grassland of the Southern Tablelands</a>) are in relatively dry and cold areas, particularly in upland valleys or frost hollows where cold air descends at night.
The combination of dry climate and cold restricts tree growth and instead has encouraged grasses and herbs. Native grasses such as kangaroo grass and poa tussock dominate the grasslands, but there are many other unique plants. A typical undisturbed grassland area will support 10-20 species of native grasses and 40 or more non-grass species.
The grassy plains are also home to unique cold-adapted reptiles such as the grass-land earless dragon, little whip snake, pink-tailed worm lizard and striped legless lizards. This combination of plants and animals create a unique ecological community.
<a href="https://images.theconversation.com/files/286192/original/file-20190730-43136-1v4usvm.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/286192/original/file-20190730-43136-1v4usvm.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Striped legless lizards may resemble a snake, but most of its body is actually tail. It has vestigial limbs and a non-forked tongue. Benjamint444/Wikipedia, <a href="http://creativecommons.org/licenses/by-nc-sa/4.0/" target="_blank">CC BY-NC-SA</a>
A fraction remain
It is estimated <a href="https://onlinelibrary.wiley.com/doi/full/10.1111/j.1442-8903.2007.00363" target="_blank">only 0.5%</a> of the area that would once have been natural temperate grasslands in the Southern Tablelands remains. The rest has been gradually “improved” <a href="https://www.propertyobserver.com.au/https://trove.nla.gov.au/work/11035501?selectedversion=NBD25432907" target="_blank">since the mid-nineteenth century</a> to make them more productive for livestock grazing.
Livestock dramatically change the composition of grasslands, as animals remove palatable plants and compact the soil under their weight. Disturbed soil and the livestock also help to <a href="https://www.propertyobserver.com.au/https://trove.nla.gov.au/work/11035501?selectedversion=NBD25432907">spread non-native weeds</a>.
However, most native grasslands have not just been modified by grazing but completely replaced by man-made pastures. That is, the land has been ploughed, fertilised and the seeds of introduced grasses have been planted.
These changes to the landscape mean much of the landscape is dominated by introduced plants and is now unsuitable for many of the native plants and animals that once lived and grew there.
Because the Natural Temperate Grassland of the Southern Tablelands is now so rare it is <a href="https://www.environment.nsw.gov.au/threatenedSpeciesApp/profile.aspx?id=20260" target="_blank">classified as critically endangered and federally protected</a>. Furthermore, many of the <a href="http://www.environment.gov.au/biodiversity/threatened/conservation-advices/natural-temperate-grassland-southern-tablelands" target="_blank">distinct plants and animals</a> that still live in these grasslands are classified as vulnerable or endangered.
<a href="https://images.theconversation.com/files/286193/original/file-20190730-186833-i4fw9q.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/286193/original/file-20190730-186833-i4fw9q.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
The pink-tailed worm lizard is one of the rare species living in the native grasslands of the Southern Tablelands. <a href="https://commons.wikimedia.org/wiki/File:Pink-tailed_Worm-lizard_(Aprasia_parapulchella)_(9106371285).jpg" target="_blank">Matt Clancy/Wikimedia Commons</a>, <a href="http://creativecommons.org/licenses/by-sa/4.0/" target="_blank">CC BY-SA</a>
Some of the best remaining examples of the Monaro grasslands can be found in old cemeteries and in areas set aside as public livestock grazing areas. These areas of public land have often been spared from pasture improvement or only lightly grazed, and thus now support relatively intact native grassland ecosystems.
While, to the untrained eye the Monaro grasslands may seem unremarkable and difficult to distinguish from grazing pastures, they are deeply important. They show us what Australia once looked like, and act as a haven for native biodiversity.
Indeed, what remains of the natural grasslands is now so disturbed by agriculture there is a real threat this distinctive ecological community and many of the species it contains may disappear altogether, if they are not protected from excessive grazing, fertilisers and the plough.<img src="https://counter.theconversation.com/content/121181/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">
Mike Letnic, Professor, Centre for Ecosystem Science, UNSW
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/what-are-native-grasslands-and-why-do-they-matter-121181" target="_blank">original article</a>.
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What are native grasslands, and why do they matter?

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GUEST OBSERVATION
As the dramatic shutdown of major recycling company SKM this week has illustrated, recycling is not free.
Householders in Australia pay council rates for a recycling and garbage service. This fee is largely based on the costs of collecting, sorting and processing, and – importantly – what returns are likely from selling the end product.
However, since 2017 the price on the open market for mixed plastics has <a href="https://www.sustainability.vic.gov.au/Business/Investment-facilitation/Recovered-resources-market-bulletin" target="_blank">plummeted</a> from about A$325 per tonne to A$100 per tonne. Mixed glass actually dropped to a negative value, which meant that generators were potentially paying for it to be taken away.
On the other hand, prices for high-quality recycling (not mixed materials or items contaminated with food, for example) largely remained the same or <a href="https://www.sustainability.vic.gov.au/Business/Investment-facilitation/Recovered-resources-market-bulletin" target="_blank">slightly increased</a>.
This shows the market for low-quality, poorly sorted recycling, which Australia has <a href="https://theconversation.com/heres-what-happens-to-our-plastic-recycling-when-it-goes-offshore-110356" target="_blank">previously</a> offloaded to China and other Southeast Asian countries, is ending.
Unless we improve our recycling industry, we must start sending more recyclable material to landfill – as is <a href="https://www.standard.net.au/story/6301694/recycling-in-landfill-following-processor-shutdown-council-confirms/" target="_blank">happening now in some Victoria councils</a>.
So what can we do about it?
Reduce first
Reduction, fundamentally, comes before recycling. We <a href="https://theconversation.com/we-cant-recycle-our-way-to-zero-waste-78598" target="_blank">need to avoid waste to begin with</a>, in our homes and businesses.
As consumers, we should be vocal about seemingly contradictory practices by businesses. For example, supermarkets congratulate themselves on reducing plastic bags, but then use small plastic toys as marketing tools – not even making them out of recycled plastic. These toys are destined for disposal, potentially contaminating recycling streams, and <a href="https://www.sbs.com.au/news/coles-and-woolworths-in-plastic-toy-promo-wars" target="_blank">not all consumers are happy</a>.
Throw out recycling properly
It’s tempting, if you don’t know whether something is recyclable, to simply put it in the yellow bin and assume someone on the other end will “sort it out”. But in reality, incorrectly recycled material can contaminate entire loads of otherwise valuable and useful recyclables, diverting it to landfill.
Councils blame the recyclers for this, who blame the councils. Everyone blames state governments, and they in turn blame the recyclers.
Fundamentally though, we as the generators of waste must assume a high degree of responsibility. We are the ones putting contaminants into the recycling system that everyone else in the management structure must deal with.
It’s our job to familiarise ourselves with what can and cannot be recycled – although, to be fair, this can vary widely from council to council, and should be made easier to check.
If we can clean up the recycling streams, markets should increase and prices for these commodities will similarly rise. This encourages those in the sector to <a href="https://theconversation.com/australian-recycling-plants-have-no-incentive-to-improve-81336" target="_blank">improve their plant technology</a>, and for others to enter in what would then be a more competitive market.
Develop the industry
Clean recycling still requires an established market to be profitable. Governments, as the single largest purchasers in Australia, can play an important role here.
The Victorian government has already <a href="https://www.governmentnews.com.au/victorian-government-moves-on-green-procurement/" target="_blank">committed</a> to helping government agencies increase recycled content in their purchasing requirements. Other governments are doing <a href="https://www.governmentnews.com.au/governments-should-buy-recycled-material-inquiry/" target="_blank">likewise</a> and this is a very positive step.
At a minimum, contracts and tenders should specify a certain level of recycled materials used in products sold to the government, or prefer those suppliers who do have recycled content.
One innovative approach where governments can use their purchasing power is with the use of plastic and glass recyclables in roads. Trials have been extremely positive.
In fact, the Australian Council of Recycling has <a href="https://www.sbs.com.au/yourlanguage/italian/en/article/2019/05/09/call-government-use-recycled-content-build-infrastructure" target="_blank">suggested</a> that using recycled material in construction for the Snowy 2.0 scheme would consume all the recyclables generated in Australia.
We need to chew and walk gum
The most important message is, just as there’s no single person or sector to blame for Australia’s dismal recycling situation, there’s no single solution. We all need to take more care with what we put in the bin. Governments around Australia should incentivise local manufacturers to use domestic recycling.
Recycling companies should certainly improve their technology so they can produce higher-quality material, which can be sold at a profit.
And, as the current SKM debacle illustrates, governments need a plan B when the market breaks down.
Even with all of this, a sustainable domestic recycling industry is some way off. We urgently need to start doing the things we already know will work, rather than playing endless rounds of a pointless blame game.<img src="https://counter.theconversation.com/content/121241/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">
Trevor Thornton, Lecturer, School of Life and Environmental Sciences, Deakin University
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/dont-just-blame-government-and-business-for-the-recycling-crisis-it-begins-with-us-121241" target="_blank">original article</a>.
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Don’t just blame government and business for the recycling crisis – it begins with us

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<div class="column">EXPERT OBSERVATION</div>
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<div class="column">The CPI was 0.6% in the June quarter compared to the market median (and Westpac’s) forecast for 0.5%. The annual rate lifted to 1.6% from 1.3%.</div>
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<div class="column">The average of the core measures, which are seasonally adjusted and exclude extreme moves, rose 0.4% in the June quarter/1.4% over the year. In the quarter, the trimmed mean gained 0.42% while the weighted median lifted 0.37%.</div>
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 Incorporating revisions, the six month annualised growth in core inflation was flat at 1.3% over the year well below the bottom of the RBA target band and the slowest pace since March 1999.</div>
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 Standouts in the quarter were: on the positive or high side of expectations, clothing &amp; footwear which suggests we are starting see some impact from the AUD depreciation, stronger transports cost which was not just due to a jump in fuel prices but also a surprising 1.4% bump in automotive prices while the seasonal fall in pharmaceuticals was smaller than the historical norm.</div>
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<a href="https://www.propertyobserver.com.au/images/2019/8/1/CPI.jpg" target="_blank">Click here</a> to enlarge: </div>
<div class="column"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/8/1/CPI.jpg" alt=""></div>
<div class="column">Source: Westpac</div>
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 Prices that fell or where on the low side of expectations – tobacco prices surprised with a fall, housing was flat on falling house purchases and utilities, household contents fell more than expected while health rose less than expected and recreation fell more than expected.</div>
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 Food prices fell as expected, with falling fruit &amp; vegetable prices more than offsetting rising prices elsewhere. For now, the impact of the drought has been limited but we are watching this space closely as it extends in length and depth.</div>
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 It is worth noting the lack of inflationary pulse in housing. Overall housing costs fell a little more than expected as falling dwelling prices combined with falling electricity prices and flat rents. This moderation in housing costs is central to our outlook for low non- tradable and core inflation.</div>
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 In nine of the ten quarters to the 2019 Q1, inflation forecasters overestimated the quarterly rise in the CPI by 0.12ppts. Including Q2 analysts’ have now underestimated the quarterly print for the CPI in two quarters of the last three quarters. This suggests that the disinflationary pulse may be fading, if not coming to an end.</div>
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<a href="https://www.propertyobserver.com.au/images/2019/8/1/CPI%202.jpg" target="_blank">Click here</a> to enlarge:</div>
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<div class="column">Source: Westpac</div>
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 There are still some embryonic indicators that retail, in particularly clothing &amp; footwear, furniture &amp; appliances as well as motor vehicles, are turning modestly inflationary due to the AUD depreciation.</div>
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 However, housing has a significant weight in the CPI (22%) so it has a meaningful impact on both headline and core inflation. As such, it is hard to find any near- term risk of a meaningful acceleration in inflation.</div>
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 Our preliminary estimate for Q3 CPI is 0.4% in the quarter/1.6% over the year for headline and 0.3% in the quarter/1.5% over the year for the trimmed mean.</div>
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Waiting for Godot has ended its long run
In the December quarter 2018, for the first time in two year the quarterly rise in the CPI exceeded market expectations. However, the first quarter of 2019 saw a return of a disinflationary pulse with the CPI print coming in under expectations with a flat print. 
Then it was reversed again in the June quarter with the CPI rising 0.6% vs. a median expectation for 0.5%.
 Including Q2 analysts’ have now underestimated the quarterly print for the CPI in two quarters of the last three quarters. This suggests that the disinflationary pulse may be fading, if not coming to an end.
<a href="https://www.propertyobserver.com.au/images/2019/8/1/contributions.jpg" target="_blank">Click here</a> to enlarge:
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/8/1/contributions.jpg" alt="">
 
ABS confirms June quarter negative seasonality
As noted in our preview the June quarter 2019 was expected to be a seasonally soft quarter. 
However, on the estimates from the March quarter the estimated seasonal adjustment was +0.2ppt. 
In the June quarter release the seasonally adjusted CPI rose 0.7% so the seasonal adjustment factor was a smaller 0.1ppt. 
Revisions to the seasonal factors are a regular occurrence with the ABS conducting concurrent seasonal reanalysis.
<a href="https://www.propertyobserver.com.au/images/2019/8/1/seasonality.jpg" target="_blank">Click here</a> to enlarge:
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For core inflation, the trimmed mean lifted 0.4% in the quarter
The average of the core measures, which are seasonally adjusted and exclude extreme moves, rose 0.4% in the June quarter. 
In the quarter, the trimmed mean gained 0.28%/1.6%yr while the weighted median lifted 0.37%/1.2%yr. 
The annual pace of the average of the core measures printed 1.4%, a very modest deceleration from the 1.5% pace in the March quarter.
Incorporating revisions, the six month annualised growth in core inflation was flat at 1.2% over the year, holding well below the bottom of the RBA target band and the slowest pace of core inflation since March 1999.
For a broader core inflation measure, more in line with some international measures, market sector goods and services excluding volatile items rose 0.5% in the quarter with the annual pace lifting to 1.8% from 1.6%.
<a href="https://www.propertyobserver.com.au/images/2019/8/1/core%20inflation.jpg" target="_blank">Click here</a> to enlarge:
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We are yet to see the full inflationary impact of the drought
Food prices came as expected at 0.4% decline. Fruit &amp; vegetables fell slightly more than expected (2.8% vs 2.1%). 
Alcohol &amp; tobacco was slightly stronger (1.1% vs. 1.0%) with tobacco having a robust 2.4% rise following a surprising 0.7% in Q1.
<a href="https://www.propertyobserver.com.au/images/2019/8/1/durables.jpg" target="_blank">Click here</a> to enlarge:
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A surprising bump up in car prices
Transportation rose 3.4% vs. 2.9% expected as car prices lifted 1.4% vs. our expectation for a 1.0% fall. 
Car prices are now up 3.4%yr, the fastest pace of growth since June 2020 and another sector we would expect to see the impact of the weaker AUD. 
However, the rise in car prices is more than what you would expect given the weakness of the AUD in either TWI terms or against the Japanese Yen.
Clothing has a larger than expected bump highlighting AUD pass-through...
Clothing &amp; footwear was stronger than expected rising 1.6% vs. our 0.5% expected. We are now seeing some pass through of the weaker AUD but the impact has not been uniform across this sector. 
Male garments are up 4.8% over the year while garments for women are down 0.2%. Footwear is down 1.1% over the year while accessories are down 1.0%.
...as does the rise in household contents &amp; services.
An area where the downside pressure on prices has been significant was household contents &amp; services. 
In the June quarter they rose 0.7% vs. our expectation for a 0.5%. There has been a turnaround in the trade exposed components with furniture prices up 2.8% over the year and household appliances up 5.1%.
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However, it is not all one way with textiles down 0.5% over the year and glassware down 4.1%. All up household furnishings are down just 0.4%, the softest deflationary pace since March 2018.
<a href="https://www.propertyobserver.com.au/images/2019/8/1/inflaction%20pressure.jpg" target="_blank">Click here</a> to enlarge:
 
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Housing reveals signs of the housing correction in Vic and Qld, not so strong in NSW
The slightly softer than expected housing print reflected the fall in dwelling prices (0.2% vs. our forecast for a flat print – this reflected a further fall in Victorian dwelling prices of 0.4% in the quarter,  a larger 0.6% fall in Brisbane and a more modest 0.1% fall in NSW).
Rents were flat as expected while utilities fell more than expected (1.0% vs. 0.4% forecast) due to a 1.7% fall in electricity prices.
<a href="https://www.propertyobserver.com.au/images/2019/8/1/dwelling.jpg" target="_blank">Click here</a> to enlarge:
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There remains a significant near term negative risk around dwelling purchases prices in NSW.
 Prices are already falling in Victoria while rents have flattened in NSW. Given that rents and dwelling purchases together are worth around 15% of the CPI, this is a significant risk for headline inflation, and even more so for the core measures where the weight is somewhat higher.
<a href="https://www.propertyobserver.com.au/images/2019/8/1/narrow%20turnaround.png" target="_blank">Click here</a> to enlarge:
<img src="https://www.urban.com.au/images/2019/8/1/narrow%20turnaround.png" alt="">
Tradables stronger while non-tradables had a modest rise
Tradables rose 1.2% in the June quarter. Tradable goods rose 1.2% due to automotive fuel (10.2%). Tradable services rose 2.5% due to international holiday, travel and accommodation (2.7%).
Non-tradables rose 0.2% in the June quarter. Non-tradable goods rose 0.2% due to tobacco (2.4%). Non-tradable services rose 0.3% due to medical and hospital services (2.6%).
Looking forward inflation holds below the band
There are signs that we are getting some AUD deprecation pass-through to inflation in clothing &amp; footwear (for some selected groups) and in automotive vehicles. But it is harder to find any broader impact or wider inflationary pulse.
As housing has a significant group weighting in the CPI (22%) it has a meaningful impact on estimates of both headline and core inflation. As such, with core inflation below the bottom of the RBA’s target band we can find little to suggest any risk of a meaningful acceleration.
With crude oil prices easing there has been a turnaround in fuel prices which are expected to be a drag in Q3. Our preliminary estimate for the June quarter 2019 CPI is 0.4% which would see the annual pace steady at 1.6%.
Our preliminary estimate for the trimmed mean in the September quarter CPI is 0.3% seeing the annual pace ease a touch to 1.5%.
<a href="https://www.propertyobserver.com.au/images/2019/8/1/inflaction%202.jpg" target="_blank">Click here</a> to enlarge: 
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Justin Smirk is ‎senior economist, Westpac Group and can be contacted <a href="https://www.westpac.com.au/about-westpac/westpac-group/" target="_blank">here</a>.
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Q2 CPI: Some AUD pass-through but housing is the anchor on inflation - Justin Smirk

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EXPERT OBSERVATION
Australian shares back to their 2007 high...at last!
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After nearly 12 years the Australian share market is above its November 2007 pre-Global Financial Crisis (GFC) high. 
The All Ords index surpassed it last week and the ASX 200 has done so this week. 
Basically, the Australian share market is looking through short-term uncertainties around the economy and focussing on lower interest rates and bond yields making shares relatively cheap, the likelihood that policy stimulus will ultimately boost growth, high iron ore prices boosting mining companies and a positive global lead. 
But why has it taken so long? Is the break out sustainable? And is the relative underperformance of Australian versus global shares over?
Why has it taken so long?
12 years is a long time to make a new high. US shares made it back to their 2007 high in 2013 and global shares did so in 2014. 
See the next chart. Since the March 2009 GFC low, Australian shares are up 118%, versus a 222% gain in global shares in local currency terms and a 347% gain in US shares.
<a href="https://www.propertyobserver.com.au/images/2019/8/1/share%20market%201.jpg" target="_blank">Click here</a> to enlarge: 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/8/1/share%20market%201.jpg" alt="">
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So why has the Australian share market underperformed global shares since the GFC such that it’s taken far longer to regain its 2007 high? There are basically five reasons:
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• Payback for its huge outperformance last decade –Australian shares go through periods of relative out performance and underperformance versus global shares. 
This can be seen in the next chart that shows the value of Australian shares relative to global shares. After underperforming global shares through the 1990s tech boom during which Australia was seen as “old economy” itcame roaring back during the resources boom last decade resulting in a huge outperformance. 
This is also evident in the previous chart – whereas global and US shares just made it back to their 2000 tech boom high by 2007 Australian shares more than doubled in value. 
This meant that the 2007 high for Australian shares was a much higher high than for global shares which really just spun their wheels last decade. 
So, the poor relative performance of Australian shares this decade is payback for their huge outperformance last decade. So, it’s naturally taken longer for Australian shares to get back to their pre-GFC high.
<a href="https://www.propertyobserver.com.au/images/2019/8/1/share%20market%202.jpg" target="_blank">Click here</a> to enlarge: 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/8/1/share%20market%202.jpg" alt="">
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• Tighter monetary policy for much of the post GFC period –whereas the US, Europe and Japan had near zero interest rates and quantitative easing, Australia has had much higher interest rates (until just recently) and no money printing.
 In fact, the relative underperformance really started in October 2009 when the RBA started to raise interest rates post GFC which was not followed by other major developed countries. See the previous chart.
• The surge in the $A to $US1.10 in 2011 – this reduced the competitiveness of Australian companies from which the damage can take a long time to reverse even though the $A has fallen to around $US0.70 in the last four years.
• The slump in commodity prices from 2011 – this weighed heavily on resources shares into 2006. US, European and Japanese shares have a lower exposure to resources.
• Property crash phobia – foreign investor fear of a crash inAustralia’s relatively expensive housing market has been a constant theme. Therefore, many stayed away.
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Are high dividends holding Australian shares back?
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An often heard view is that Australian companies are not investing because shareholders are demanding high dividends, and this is causing poor earnings growth and share market returns. This is unlikely. 
The dividend payout ratio (ie dividends relative to earnings) is in line with its historic norm. And it’smainly resources stocks that have boosted payouts since the GFC – but it’s been hard to argue they should ramp up investment so soon after the mining investment boom.
<a href="https://www.propertyobserver.com.au/images/2019/8/1/share%20market%203.jpg" target="_blank">Click here</a> to enlarge: 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/8/1/share%20market%203.jpg" alt="">
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The real reasons for the lack of investment by non-mining companies are likely to be post-GFC caution, wariness after getting smashed through the mining boom by the high $A, spare capacity &amp; competitive pressures, uncertainty about demand and too-high investment hurdle rates.
More fundamentally, Australia’s high dividend payouts arehealthy from a long-term perspective: high dividend payouts mean less risk of poor investment decisions from retained earnings, they are indicative of corporate confidence about future earnings and they indicate earnings are real.
2007 high was reached in 2013 with dividends
In fact, because Australian shares pay relatively high dividend yields (around 4.1%) compared to global shares (2.5%) they should be included in comparisons of Australian with global share market returns. 
Once dividends are allowed for (ie looking at the accumulation index, or total returns) the Australian share market surpassed its 2007 high in 2013.
<a href="https://www.propertyobserver.com.au/images/2019/8/1/share%20market%204.j">Click here </a>to enlarge: 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/8/1/share%20market%204.jpg" alt="">
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The next chart compares the relative performance of Australian to global shares since 1970 in terms of: relative share price performance in local currency terms (green line); relative total returns ie with dividends added in (blue line); and relative total returns with global shares in Australian dollars (red line). 
A rising ratio means Australian outperformance and vice versa. Several things stand out. First over long periods of time and when dividends are allowed for Australian shares have had better returns than global shares. 
Since 1970 Australian shares have returned (capital growth plus dividends) 10.4% per annum compared to 8.3% pa for global shares in local currency terms. 
The falling $A over this period has enhanced the return from global shares to 9.9% pa but they still slightly underperformed Australian shares.
Second, the swings in the relative performance of Australian shares are apparent if dividends and currency movements are allowed for or not - in particular in the big outperformance last decade and underperformance this decade.
Since October 2009 Australian shares have returned 8.4% pa compared to 10.4% pa from global shares in local currencies or 12.5% in Australian dollar terms (as the $A fell).
<a href="https://www.propertyobserver.com.au/images/2019/8/1/share%20market%205.jpg" target="_blank">Click here </a>to enlarge: 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/8/1/share%20market%205.jpg" alt="">
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What’s the outlook?
Is the break out by the All Ords and ASX 200 to new highs sustainable? Going through past bull market highs after a long period below can attract investors into the market so it could push on for a bit. 
But after such a huge run – the market is now up 21% year to date – its vulnerable to a short-term correction: we are coming into a seasonally weak part of the year; the August earnings reporting season could result in volatility; and there are various risks in relation to trade wars, tensions with Iran and soft economic data. 
However, the combination of low bond yields which means that the share market is comparatively cheap, monetary easing by the RBA and other central banks and a likely pick up in global growth by year end and Australian growth next year point to even higher share prices on a six to 12 month horizon.
In terms of the Australian share market’s valuation, its price to 12 month ahead consensus earnings multiple of 16.5 times is above its long-term average, but shares are known to trade on higher PEs when inflation and interest rates are low. 
In fact, the gap between the forward earnings yield of 6.1% and the 10 year bond yield of just 1.2% is well above average making shares relatively cheap.
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Is the secular underperformance of Australian shares versus global shares over? So far this year Australian shares have outperformed global shares and the various comparisons in the last chart have hooked higher. 
Several of the factors that drove the relative underperformance this decade are fading:
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Much of last decade’s outperformance has been reversed. Payback has happened albeit it could still go further.
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The RBA is easing more aggressively.
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The surge in the $A to $US1.10 of 2011 has reversed making Australian companies more competitive.
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The commodity price slump from their 2008-2011 highs (depending on the commodity) looks to be over.
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Finally, the risks of a property crash dragging banks and the economy into recession may be receding.
The Australian dollar is still likely to fall a bit and it makes sense to maintain a decent exposure to global shares for portfolio diversification reasons. But with many of the negatives for the Australian share market fading it’s hard to maintain a strong case against it versus global shares.
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Key points
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The long time taken for Australian shares to regain their 2007 high and their underperformance compared to global shares this decade reflects a combination of payback after their strong performance last decade, tighter monetary policy, the strong $A into 2011, the slump in commodity prices and property crash phobia.
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High dividend payouts are not to blame.
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While the Australian share market is at risk of a short-term pull back it’s likely to be higher on a 6-12 month horizon and its period of relative underperformance compared to global shares is likely at or close to an end.
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DR SHANE OLIVER is the Head of Investment Strategy and Chief Economist at AMP Capital.
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Australian shares hit record highs - is the decade long underperformance versus global shares over? Shane Oliver

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There are certainly opportunities in the current 2019 market to pay less than the last price.
But is there really such a thing as buying a bargain when it comes to property? And where are they?
This series of articles looks are specific examples of sale price or asking price falling. 
We take a look at where and if possible why this is happening.  
We came across this property for consideration.
A 1980s built home in Chinchilla, in the Western Downs region of Queensland, looks set to sell for less than the vendor bought it for seven years ago.
The brick home on 820 sqm is up for sale for $160,000, having last traded for $310,000 in 2012.
It's been a $200 to $220 a week rental in recent years.
Initially listed in 2016 for $220,000, the guide has steadily declined every few months, down to first $199,000, then $180,000, and now down to $160,000.
The home has three bedrooms, one bathroom and a large rear garden. There's a fully equipped private bore.
Marg Whip and Terry Hay at Property Sales and Rentals Chinchilla are marketing the home as suited to the elderly, a first home buyer or investor.
"At this price anyone could buy," they suggest in the listing.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/8/1/30%20Beasley%20Street%20Chinchilla%202.jpg" alt="">
Property Observer advise that it is up to you to determine if the offering is a truly beneficial bargain.
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Remember buying at the bottom of the cycle is fraught – as you can't really precisely pick the bottom nor know just how long until you see some price growth.
Be aware you could be buying a poor quality property in an area with ongoing issues of oversupply of stock.
The oversupply could be also putting downward pressure on rents.
Other price declines could be because the vendor needs a quick sale or paid way over the top on its last purchase chase.
Property Observer suggests property purchasing really does need to be a very well considered proposition with a long term mindset.
As a part of this series, we've already had a look at properties in <a href="/expert-insights/buying/bargain-property-at-mount-eliza-home-at-2-million-discount">Mount Eliza</a>, <a href="/expert-insights/buying/bargain-property-in-central-geelong-sale-price-dips-after-one-year">Central Geelong</a>, <a href="/expert-insights/buying/bargain-property-in-east-perth-near-new-apartment-makes-150-000-loss">East Perth</a> and <a href="/expert-insights/buying/bargain-property-in-sydney-olympic-park-apartment-listed-at-180-000-value-discount">Sydney Olympic Park</a>.
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