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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ANZ and Westpac have changed their respective home-loan serviceability floor rates while increasing their buffer rates to 2.5%. 
Westpac will assess home loan borrowers against their capacity to repay the loan at 5.75 per cent, a reduction from 7.25 per cent, in a move that should make it easier for people to secure loans.
The bank moved just days after the ANZ Banking Group became the first lender to pass on the benefit of the loosened lending limits.
The Australian Prudential Regulation Authority (APRA) announced earlier this month that it would relax rules to allow banks to assess a borrower's ability to repay their mortgage if interest rates rose to 7 per cent.
Under the change in rules, banks would now only have to apply a 2.5 per cent "sensitivity margin" on current interest rates when assessing home loan eligibility.
ANZ yesterday told mortgage brokers it would lower its mortgage assessment floor to 5.5 per cent as of yesterday.
RateCity estimates that if a bank used an assessment rate of 6 per cent instead of the current 7.25 per cent, a family of four with an average household income of $109,688 would see their borrowing capacity rise by $77,000.
Commonwealth Bank and National Australia Bank are reviewing their serviceability requirements. 
</body></html>

j.ballantyne1990-6AQqhLzZaK

Which banks have made it easier to get home loans after APRA decision?

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The national residential rental vacancy rate increased in June to 2.3%, an increase from 2.2% in May, according to data from SQM Research.
The total number of vacancies Australia-wide is now at 78,690, an increase of 3,597 over the month and up 2,933 dwellings over the past 12 months. 
The rise was driven by Sydney, where vacancy rates have risen to 3.5%, the highest they have been since 2005. There are now nearly 25,000 vacant dwellings in the capital.
Melbourne also recorded a 0.2% increase over the month, taking their rental vacancy to 2%.
Darwin was the only capital city to record a decrease of 0.2% to 3.1% in vacancy rates. The only other capital with a vacancy rate over 3% is Perth (3.2%).
Hobart’s vacancy rate remains steady at 0.5% and continues to record the lowest in the country with just 161 vacancies.
<table style="width: 99%;" border="0" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="bottom" width="12%">
City
</td>
<td width="13%">
June 2018 Vacancies
</td>
<td width="15%">
June 2018 Vacancy Rate
</td>
<td width="14%">
May 2019 Vacancies
</td>
<td width="14%">
May 2019 Vacancy Rate
</td>
<td width="14%">
June 2019 Vacancies
</td>
<td width="14%">
June 2019 Vacancy Rate
</td>
</tr>
<tr>
<td nowrap width="12%">
Sydney
</td>
<td nowrap width="13%">
19,572 
</td>
<td nowrap width="15%">
2.8%
</td>
<td nowrap width="14%">
23,796 
</td>
<td nowrap width="14%">
3.3%
</td>
<td nowrap width="14%">
24,931 
</td>
<td nowrap width="14%">
3.5%
</td>
</tr>
<tr>
<td nowrap width="12%">
Melbourne
</td>
<td nowrap width="13%">
9,035 
</td>
<td nowrap width="15%">
1.6%
</td>
<td nowrap width="14%">
10,349 
</td>
<td nowrap width="14%">
1.8%
</td>
<td nowrap width="14%">
11,720 
</td>
<td nowrap width="14%">
2.0%
</td>
</tr>
<tr>
<td nowrap width="12%">
Brisbane
</td>
<td nowrap width="13%">
9,886 
</td>
<td nowrap width="15%">
3.0%
</td>
<td nowrap width="14%">
8,133 
</td>
<td nowrap width="14%">
2.4%
</td>
<td nowrap width="14%">
8,526 
</td>
<td nowrap width="14%">
2.5%
</td>
</tr>
<tr>
<td nowrap width="12%">
Perth
</td>
<td nowrap width="13%">
8,426 
</td>
<td nowrap width="15%">
4.1%
</td>
<td nowrap width="14%">
6,457 
</td>
<td nowrap width="14%">
3.1%
</td>
<td nowrap width="14%">
6,732 
</td>
<td nowrap width="14%">
3.2%
</td>
</tr>
<tr>
<td nowrap width="12%">
Adelaide
</td>
<td nowrap width="13%">
2,726 
</td>
<td nowrap width="15%">
1.5%
</td>
<td nowrap width="14%">
2,126 
</td>
<td nowrap width="14%">
1.1%
</td>
<td nowrap width="14%">
2,310 
</td>
<td nowrap width="14%">
1.2%
</td>
</tr>
<tr>
<td nowrap width="12%">
Canberra
</td>
<td nowrap width="13%">
565 
</td>
<td nowrap width="15%">
0.9%
</td>
<td nowrap width="14%">
785 
</td>
<td nowrap width="14%">
1.2%
</td>
<td nowrap width="14%">
847 
</td>
<td nowrap width="14%">
1.3%
</td>
</tr>
<tr>
<td nowrap width="12%">
Darwin
</td>
<td nowrap width="13%">
1,062 
</td>
<td nowrap width="15%">
3.5%
</td>
<td nowrap width="14%">
1,038 
</td>
<td nowrap width="14%">
3.3%
</td>
<td nowrap width="14%">
965 
</td>
<td nowrap width="14%">
3.1%
</td>
</tr>
<tr>
<td nowrap width="12%">
Hobart
</td>
<td nowrap width="13%">
221 
</td>
<td nowrap width="15%">
0.7%
</td>
<td nowrap width="14%">
143 
</td>
<td nowrap width="14%">
0.5%
</td>
<td nowrap width="14%">
161 
</td>
<td nowrap width="14%">
0.5%
</td>
</tr>
<tr>
<td nowrap width="12%">
National
</td>
<td nowrap width="13%">
75,757 
</td>
<td nowrap width="15%">
2.3%
</td>
<td nowrap width="14%">
75,093 
</td>
<td nowrap width="14%">
2.2%
</td>
<td nowrap width="14%">
78,690 
</td>
<td nowrap width="14%">
2.3%
</td>
</tr>
</tbody></table>
Source: SQM Research 
Managing Director of SQM Research, Louis Christopher said, “The increase in rental vacancies in June tends to be a seasonal rise for the start of winter however Sydney’s increases goes beyond seasonal factors and so our expectation remains that Sydney will reach a 4% vacancy rate before 2019 is completed.”
“Melbourne is also likely to record more rises in rental vacancies as newly completed dwellings purchased as ‘off-the-plan’ in the last boom, enter the rental market now.” 
“In spite of the rise in vacancies this month, Brisbane, Adelaide and Hobart’s rental market is in favour for landlords as in these cities have also recorded moderate increases in asking rents for the month and continue to record muted dwelling completions.” 
Asking Rents
Capital city asking rents declined 0.4% for houses but remained steady for units for the week ending 12 July 2019 to record asking rents of $551 per week for houses and $441 per week for units.  
In comparison, over the 12 months, asking rents for houses increased 0.4% but declined 0.7% for units.
Sydney and Melbourne’s asking rents for houses and units both declined in July. Sydney rents dropped 0.5% for houses and 0.2% for units to 12 July and Melbourne’s drop was 0.9% for houses and 0.2% for units.  
Brisbane, Adelaide and Hobart were the only states to experience increases in weekly rents for both houses and units.
Adelaide’s house rents increased 1.1% and units by 0.4%, Brisbane’s house rents increased by 1.0% units increased by 0.7%.
Hobart’s house rents increased 3.6% and units increased by 4.9% (the highest among all states)
<div align="center">
<table style="width: 426px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td colspan="6" valign="top" width="426">
SQM Research Weekly Rents Index
</td>
</tr>
<tr>
<td colspan="2" width="169">
Week ending:  12 July 2019
</td>
<td width="49">
Rent
</td>
<td width="67">
Change on prev week
</td>
<td width="83">
Rolling month % change
</td>
<td width="59">
12 month % change
</td>
</tr>
<tr>
<td rowspan="2" valign="top" width="98">
<a href="https://sqmresearch.com.au/graph_median_rent_weeks.php?region=nsw-Sydney&amp;type=c&amp;t=1" target="_blank">Sydney</a>
</td>
<td valign="top" nowrap width="70">
All Houses
</td>
<td valign="top" nowrap width="49">
685.9
</td>
<td valign="top" nowrap width="67">
2.1  
</td>
<td valign="top" nowrap width="83">
-0.5%  
</td>
<td valign="top" nowrap width="59">
-3.3%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="70">
All Units
</td>
<td valign="top" nowrap width="49">
501.7
</td>
<td valign="top" nowrap width="67">
-0.7  
</td>
<td valign="top" nowrap width="83">
-0.2%  
</td>
<td valign="top" nowrap width="59">
-3.8%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top" width="98">
<a href="https://sqmresearch.com.au/graph_median_rent_weeks.php?region=vic-Melbourne&amp;type=c&amp;t=1" target="_blank">Melbourne</a>
</td>
<td valign="top" nowrap width="70">
All Houses
</td>
<td valign="top" nowrap width="49">
534.9
</td>
<td valign="top" nowrap width="67">
-0.9  
</td>
<td valign="top" nowrap width="83">
-0.9%  
</td>
<td valign="top" nowrap width="59">
2.4%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="70">
All Units
</td>
<td valign="top" nowrap width="49">
423.2
</td>
<td valign="top" nowrap width="67">
0.8  
</td>
<td valign="top" nowrap width="83">
-0.2%  
</td>
<td valign="top" nowrap width="59">
2.8%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top" width="98">
<a href="https://sqmresearch.com.au/graph_median_rent_weeks.php?region=qld-Brisbane&amp;type=c&amp;t=1" target="_blank">Brisbane</a>
</td>
<td valign="top" nowrap width="70">
All Houses
</td>
<td valign="top" nowrap width="49">
464.5
</td>
<td valign="top" nowrap width="67">
1.5  
</td>
<td valign="top" nowrap width="83">
1.0%  
</td>
<td valign="top" nowrap width="59">
2.8%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="70">
All Units
</td>
<td valign="top" nowrap width="49">
374.6
</td>
<td valign="top" nowrap width="67">
0.4  
</td>
<td valign="top" nowrap width="83">
0.7%  
</td>
<td valign="top" nowrap width="59">
1.1%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top" width="98">
<a href="https://sqmresearch.com.au/graph_median_rent_weeks.php?region=wa-Perth&amp;type=c&amp;t=1" target="_blank">Perth</a>
</td>
<td valign="top" nowrap width="70">
All Houses
</td>
<td valign="top" nowrap width="49">
435.7
</td>
<td valign="top" nowrap width="67">
-3.7  
</td>
<td valign="top" nowrap width="83">
-2.9%  
</td>
<td valign="top" nowrap width="59">
2.6%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="70">
All Units
</td>
<td valign="top" nowrap width="49">
339.3
</td>
<td valign="top" nowrap width="67">
1.7  
</td>
<td valign="top" nowrap width="83">
0.9%  
</td>
<td valign="top" nowrap width="59">
4.1%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top" width="98">
<a href="https://sqmresearch.com.au/graph_median_rent_weeks.php?region=sa-Adelaide&amp;type=c&amp;t=1" target="_blank">Adelaide</a>
</td>
<td valign="top" nowrap width="70">
All Houses
</td>
<td valign="top" nowrap width="49">
399.9
</td>
<td valign="top" nowrap width="67">
0.1  
</td>
<td valign="top" nowrap width="83">
1.1%  
</td>
<td valign="top" nowrap width="59">
4.4%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="70">
All Units
</td>
<td valign="top" nowrap width="49">
309.7
</td>
<td valign="top" nowrap width="67">
0.3  
</td>
<td valign="top" nowrap width="83">
0.4%  
</td>
<td valign="top" nowrap width="59">
3.4%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top" width="98">
<a href="https://sqmresearch.com.au/graph_median_rent_weeks.php?region=act-Canberra&amp;type=c&amp;t=1" target="_blank">Canberra</a>
</td>
<td valign="top" nowrap width="70">
All Houses
</td>
<td valign="top" nowrap width="49">
624.0
</td>
<td valign="top" nowrap width="67">
-2.0  
</td>
<td valign="top" nowrap width="83">
0.9%  
</td>
<td valign="top" nowrap width="59">
-1.1%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="70">
All Units
</td>
<td valign="top" nowrap width="49">
461.5
</td>
<td valign="top" nowrap width="67">
0.5  
</td>
<td valign="top" nowrap width="83">
-0.2%  
</td>
<td valign="top" nowrap width="59">
5.0%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top" width="98">
<a href="https://sqmresearch.com.au/graph_median_rent_weeks.php?region=nt-Darwin&amp;type=c&amp;t=1" target="_blank">Darwin</a>
</td>
<td valign="top" nowrap width="70">
All Houses
</td>
<td valign="top" nowrap width="49">
527.8
</td>
<td valign="top" nowrap width="67">
-0.8  
</td>
<td valign="top" nowrap width="83">
3.0%  
</td>
<td valign="top" nowrap width="59">
-2.4%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="70">
All Units
</td>
<td valign="top" nowrap width="49">
369.3
</td>
<td valign="top" nowrap width="67">
1.7  
</td>
<td valign="top" nowrap width="83">
-0.4%  
</td>
<td valign="top" nowrap width="59">
-8.8%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top" width="98">
<a href="https://sqmresearch.com.au/graph_median_rent_weeks.php?region=tas-Hobart&amp;type=c&amp;t=1" target="_blank">Hobart</a>
</td>
<td valign="top" nowrap width="70">
All Houses
</td>
<td valign="top" nowrap width="49">
450.6
</td>
<td valign="top" nowrap width="67">
9.4  
</td>
<td valign="top" nowrap width="83">
3.6%  
</td>
<td valign="top" nowrap width="59">
13.0%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="70">
All Units
</td>
<td valign="top" nowrap width="49">
407.8
</td>
<td valign="top" nowrap width="67">
4.2  
</td>
<td valign="top" nowrap width="83">
4.9%  
</td>
<td valign="top" nowrap width="59">
17.4%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top" width="98">
<a href="https://sqmresearch.com.au/graph_median_rent_weeks.php?national=1&amp;t=1" target="_blank">National</a>
</td>
<td valign="top" nowrap width="70">
All Houses
</td>
<td valign="top" nowrap width="49">
442.0
</td>
<td valign="top" nowrap width="67">
1.0  
</td>
<td valign="top" nowrap width="83">
0.2%  
</td>
<td valign="top" nowrap width="59">
2.3%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="70">
All Units
</td>
<td valign="top" nowrap width="49">
368.0
</td>
<td valign="top" nowrap width="67">
2.0  
</td>
<td valign="top" nowrap width="83">
-0.5%  
</td>
<td valign="top" nowrap width="59">
3.7%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top" width="98">
<a href="https://sqmresearch.com.au/graph_median_rent_weeks.php?avg=1&amp;t=1" target="_blank">Cap City Average</a>
</td>
<td valign="top" nowrap width="70">
All Houses
</td>
<td valign="top" nowrap width="49">
551.0
</td>
<td valign="top" nowrap width="67">
2.0  
</td>
<td valign="top" nowrap width="83">
-0.4%  
</td>
<td valign="top" nowrap width="59">
0.4%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="70">
All Units
</td>
<td valign="top" nowrap width="49">
441.0
</td>
<td valign="top" nowrap width="67">
 0.0  
</td>
<td valign="top" nowrap width="83">
0.0%
</td>
<td valign="top" nowrap width="59">
-0.7%  
</td>
</tr>
</tbody></table>
</div>
Source:<a href="http://www.sqmresearch.com.au/" target="_blank">www.sqmresearch.com.au</a>
Key Points
<ul>
<li>National residential vacancy rates increased in June 2019 to 2.3%, an increase from 2.2% in May</li>
<li>Sydney has recorded the highest of all capital cities at 3.5% vacancy rate, and a decrease in weekly rents of 0.5% for houses and 0.2% for units.</li>
<li>Hobart’s vacancy rate remains steady at 0.5% and continues to record the lowest vacancy rate in the country.</li>
<li>Capital city asking rents declined 0.4% for houses but remained steady for units for the week ending 12 July 2019 to record asking rents of $551 per week for houses and $441 per week for units.  </li>
</ul>
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National vacancy rates increase marginally in June: SQM Research

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Two new giant gangways have arrived at the Overseas Passenger Terminal. 
The custom-built walkways have been designed to better support visits from larger cruise ships, some which carry over 5,000 passengers.
Arriving fully assembled, the gangways were unloaded by crane and installed on the wharf over two days. 
Minister for Transport and Roads Andrew Constance said the two new gangways will improve the terminal’s efficiency. 
“These new passenger bridges will move over 1,200 people every 30 minutes. The great thing is they increase capacity and speed up boarding and disembarking, making it a much more enjoyable experience for the hundreds of thousands of passengers welcomed at the Overseas Passenger Terminal every year,” Mr Constance said.
Following a period of testing and commissioning, the new gangways will be operational in time for the 2019/20 cruise season.
The installation of the new gangways builds on the NSW Government’s significant investments in Sydney’s cruise terminal facilities to ensure the city is the leading cruise tourism destination in Australia.
<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/2019/7/16/CRUISE.jpg" alt="">
Over 1.6 million cruise passengers transit through Sydney’s two cruise terminals: the Overseas Passenger Terminal and White Bay Cruise Terminal, making New South Wales the home of cruise in Australia.
The 300-plus cruise ships visiting New South Wales each year generate $2.75 billion for the state’s economy, support almost 10,000 jobs and generate $800 million in wages.
New vision: <a id="LPlnk419060" href="https://www.propertyobserver.com.au/https://vimeo.com/348085583" target="_blank" data-auth="NotApplicable">https://vimeo.com/348085583</a>
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Major upgrade for Sydney's cruise terminal

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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 three bedroom Parramatta apartment in the Meriton-built Altitude complex has been bought by an investor for $990,000.
This represents a 30% drop in value since purchase when it was sold for $1,285,000 off the plan in May 2015.
The unit at <a href="https://www.realestate.com.au/sold/property-unit-nsw-parramatta-130373430" target="_blank">4803/330 Church Street</a> has three bedrooms, two bathrooms and two parking spots.
Located on the 48th floor, the apartment features 110 sqm of internal space.
In 2017, shortly after construction was completed, the unit was listed twice for $1.35 million.
It was re-listed in 2019 with a price guide of $1 million to $1.1 million which was reduced to $999,950 before its sale.
Two months after it sold the property was advertised as a rental with for $720/pw on a 3.7 percent yield.
<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/2019/6/13/parramatta%202.jpg" alt="">
<div class="story-content">
<div class="w650 h365 image media">
<div class="image-wrapper">Property Observer advise that it is up to you to determine if the offering is a truly beneficial bargain.</div>
<div class="image-wrapper">
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>, and <a href="/expert-insights/buying/bargain-property-in-central-geelong-sale-price-dips-after-one-year">Central Geelong</a> and <a href="/expert-insights/buying/bargain-property-in-east-perth-near-new-apartment-makes-150-000-loss">East Perth</a>.
</div>
</div>
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Bargain property in Parramatta? Apartment sale shows 30% drop in value

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A home in Elizabeth East in South Australia has been sold by the mortgagee in possession for $135,000.
The 1960s brick house in the northern suburb of Adelaide went back from its previous trade a decade ago.
It sold for $150,000 in 2009.
The property at <a href="https://www.realestate.com.au/sold/property-house-sa-elizabeth+east-131080442" target="_blank">4 Benham Street</a> has three bedrooms and one bathroom under its galvanised iron roof.
Fitted with its own solar panels on its 655 sqm parcel, it was marketed as "fantastic 1st home buying or excellent investment opportunity."
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><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/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
It is located within walking distance of shops, public transport and other amenities.
The median price for a home in <a href="/news">Elizabeth East</a> is $215,000 according to CoreLogic, which calculate its annual change in median price over the past 10 years as 0.2%.  
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Elizabeth East, SA home sold by mortgagee for 10% loss after 10 years

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EXPERT OBSERVER
Regional Queensland is becoming one of the nation’s most compelling markets. Rising numbers of locations have growth symptoms, both in terms of sales activity and price movements. Over 60% of Regional Queensland markets have median prices higher than a year ago, with apartment markets a standout.
The Sunshine Coast remains the No.1 market in the state, but other growth markets are emerging. Increasingly we are seeing recovery signs in places that were previously in downturn, including the long-suffering Gladstone market.
The one major contradiction to the overall growth scenario is the Gold Coast, which had some uplift in the lead-up to the Commonwealth Games but has faded since. In Hotspotting’s Winter survey of sales activity, we can’t find any growth momentum in Gold Coast locations – most suburbs are “plateau” markets and there is a growing number of suburbs ranked as “decline” markets.
The Sunshine Coast stands in stark contrast to the Gold Coast. The Sunshine Coast has one of the nation’s leading growth economies and its real estate market is thriving as a result.
In our previous (Autumn 2019) quarterly survey, we observed that Mackay was challenging the Sunshine Coast as the leading Regional Queensland market. That situation has re-adjusted in this latest survey, with the Sunshine Coast still entrenched as the state leader and Mackay not as prominent.
Emerging centres with improvement in their markets include Cairns, Rockhampton and the Fraser Coast, while major regional cities like Toowoomba and Townsville may be on the cusp of new growth phases.
The number of growth markets in Regional Queensland has trended higher in the past 18 months. This is despite the decline of the Gold Coast. Recovery in resources-related regional centres like Mackay, Emerald and Rockhampton is helping, while Gladstone is now showing increasing signs of improvement, with some of its suburbs rising.
Regional Queensland markets collectively have improved in the past year or so: in the past six quarterly surveys, the number of locations with growing demand has been 30, 36, 40, 45, 48 and 45. The number of growth markets had decreased sharply in the late 2017 survey but showed steady improvement in 2018 and this has continued into 2019. 
The other key feature is the number of Regional Queensland markets with price growth. Hotspotting analysed price movements in 293 markets and found 179 (61%) have median prices higher than a year ago. Of the 179 growth markets, 77 have recorded median price growth of 5% or more, while another 102 markets have increased by less than 5%.
Of the higher growth markets, 21 have increased by more than 10%, headed by the Central Queensland mining-related centre of Emerald (up 27%). But the No.1 centre for house price growth is the Sunshine Coast: 10 of the 21 locations up by 10%-plus are Sunshine Coast suburbs, led by Eumundi (28%), Sunshine Beach (15%), Twin Waters (15%) and Wurtulla (15%).
Apartment markets overall are doing particularly well in Regional Queensland. Two-thirds of unit markets have median prices higher than a year ago, headed by Airlie Beach (up 31%), East Toowoomba (36%), Broadbeach Waters (25%) and Coolangatta (20%). The Sunshine Coast is prominent here as well – headed by the iconic Noosa market which is up 24%, while Noosaville has risen 15%. In the southern part of the Sunshine Coast, Golden Beach and Warana are both up 15%.
Our analysis of sales activity confirms the status of the Sunshine Coast: 10 suburbs have rising buyer demand, while another 13 have consistent sales activity.
Cairns (pictured top) has six growth suburbs and plenty of steady performers, while Mackay has five growth markets and the Fraser Coast four. Rockhampton has emerged for the first time in several years, with five of its suburbs notable for their rising buyer activity – including Norman Gardens, Berserker and Yeppoon.
There’s further evidence of revival in Gladstone, which we first noted in the two previous (Summer 2019 and Autumn 2019) quarterly surveys. But the situation remains patchy: our ranking of Gladstone suburbs include four rising, three plateau, one consistency, two decline and three danger.
We’ve been watching the Toowoomba market for growth signs, because this is one of Australia’s largest inland regional cities and it has been a growth market in the past. The early signs of uplift are now emerging, with Newtown lifting quarterly sales from 67-82-82-91-95 over the past year or so, and Centenary Heights showing 40-40-42-52-55.
Townsville has suffered setbacks from the February floods but nevertheless has growth markets and will be boosted when work starts on significant infrastructure projects.
As we reported in previous editions, the post-Games boost predicted by some has not eventuated on the Gold Coast. This market was strong from 2015 to 2017 because of the pre-Commonwealth Games construction boom. 
Since then the growth has subsided and there are now 40 suburbs classified as either plateau or consistency markets – and eight decline markets. 
The price outcomes are also mixed for the Gold Coast: 51 markets have median prices higher than a year ago, but there are 31 with prices lower than last year.
Terry Ryder is the founder of hotspotting.com.au
<a href="https://mailto:ryder@hotspotting.com.au">ryder@hotspotting.com.au</a>
twitter.com/hotspotting
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terryryder-YECXbqmri2

Regional Queensland now a national property market leader: Hotspotting's Terry Ryder

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The $3.3 million sale of a Surry Hills terrace for $700,000 above reserve at auction saw a final $50,000 knockout bid.
The three-level Bourke Street terrace (above and below) sold after competition from around eight of the 14 buyers registered.
There were four bidders in the final $150,000.
Agent Michael Kirk of BresicWhitney said the property’s position near the soon to be completed Sydney Light Rail was "a considerable draw."
“Now that the light rail is starting to near completion it’s starting to benefit a lot of the nearby housing,” Mr Kirk said.
<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/2019/7/15/625%20Bourke%20Street%20Surry%20Hills%202.jpg" alt="">
He added that he had known the property would attract strong bidding in the post-election house market but was surprised just how competitive the auction had turned out for <a id="LPlnk205792" class="OWAAutoLink" href="https://www.realestate.com.au/property-terrace-nsw-surry+hills-131377266">625 Bourke St</a>.
It had a $2.4 million price guide. There had been a <a id="LPlnk547927" class="OWAAutoLink" href="https://www.realestate.com.au/sold/property-house-nsw-surry+hills-127709554">nearby $3.05 million</a> early last year.
The weekend offering was a five bedroom corner terrace, just four doors from Devonshire Street, which had appeal to investors and part-owner occupiers since it had been converted to two apartments.
Investors were anticipating $1,850 a week.
Not all Sydney terrace auctions had prices flying past reserve.
At Glebe $1.21 million was paid for a two bedroom terrace on <a id="LPlnk682018" class="OWAAutoLink" href="https://www.realestate.com.au/property-house-nsw-glebe-131375286">Lyndhurst Street</a> (below) which was below its $1.45 million hopes when it failed to sell last July.
Its price fell short of doubling its last sale price of $635,000 in boom time 2003.
<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/2019/7/15/6%20Lyndhurst%20Street%20Glebe%20NSW%202037%20.jpg" alt="">
Matthew Carvalho of Ray White was quoting a $1.1 million guide for the weekend auction with it announced on market at $1.205 million.
The national preliminary clearance rate sat at 69 per cent across the combined capital cities.
There were 854 homes taken to auction down slightly on the prior week's 953 homes when there was a 64 percent final clearance, the highest final clearance rate since April last year.
The final clearance rate has held above 60 per cent for the last four weeks.
Over the same week last year, auction activity was higher with 1,178 homes taken to auction returning a clearance rate of 52 per cent.
Melbourne was the busiest with 352 auctions returning a preliminary clearance rate of 73.6 per cent.
The volume in Melbourne was down on the 388 prior week offering but up on the final clearance rate of 67.2 per cent.
"Melbourne’s final clearance rate has held above 65 per cent for theist 3 weeks and it’s looking like this week will return a similar result," Kevin Brogan said.
Over the same week last year, Melbourne had a clearance rate of 56.2 per cent was recorded across 559 auctions.
Melbourne's top weekend result was at Malvern at $2.555 million. The <a id="LPlnk951068" class="OWAAutoLink" href="https://www.realestate.com.au/property-house-vic-malvern-131387626">43 Cawkwell Street, Malvern</a> offering (below) had $2.32 million to $2.4 million price guidance from its selling agent Barbara Thomas at Thomas Moreland.
There was no heritage overlay on the three bedroom house set on 618 sqm. It last sold at $75,000 in 1981.
<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/2019/7/15/43%20Cawkwell%20Street%20Malvern%20Vic%203144%20.jpg" alt="">
There were $1000 bids when the auction at <a id="LPlnk45011" class="OWAAutoLink" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39QzG/Nyy8oj1PaqY9h1STmVnIaUvicidZtq7CetTEun8Rl/Ik6ncJxPQtKYvwmbRprG2uw3Lv17002UVWM5ek6NBPfzebDMX0n9jlg1dPh1qq24BqwX+V80OjApg278Wb8=&amp;rh=ff004ea02a92cb03476ad612c349bad650ed4043">14 Woodhouse Grove, Box Hill</a> (below) saw Ray White agent Hugh Francis secured $1.09 million, some $150,000 above reserve with six bidders. “At $1,020,000, it got down to $1000s and $2000 bids,” agent Hugh Francis said. 
<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/2019/7/15/14%20Woodhouse%20Grove%20Box%20Hill.jpg" alt="">
Its price guidance had been $880,000 to $968,000.
<div>
Sydney recorded a preliminary clearance rate of 77.2 per cent across 318 auctions.
<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/2019/7/15/July15%20-%20auction%20stats.jpg" alt="">
Over the previous week, 71.3 per cent of the 359 auctions were successful, the highest final clearance rate the city has seen since in over two years.
"This week’s final figure may just hold above 70 percent again as remaining results are collected," CoreLogic auction analyst Kevin Brogan said.
One year ago, 408 auctions were held across Sydney returning a final clearance rate of 46.9 per cent.
Across the smaller auction markets, Brisbane saw higher volumes week-on-week while all other cities saw fewer homes taken to auction.
</div>
Dr Andrew Wilson, chief economist of <a href="http://myhousingmarket.com.au/">MyHousingMarket.com.au</a> commented that the lowering weekend auction volumes had declined "to what are now remarkably low levels – particularly in Sydney and Melbourne – even for the typically quieter mid-winter housing market."
<div>
<div dir="ltr">Buoyed by lower interest rates and a well-overdue easing in lending conditions, Dr Wilson said the "acid test" for a recovering market will however come in just over a month.</div>
</div>
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jchancellor-FAypfDUnLy

Auction momentum continues as Surry Hills terrace sells $700,000 over reserve

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Emerging South Sydney Rabbitoh star and NSW Blues Origin debutant Cameron Murray has become a first home buyer.
The second-rower has opted for the beach, spending $1.25 million on an apartment in Clovelly.
He bought it just after his recent 21st birthday.
The ground-floor unit, which comes with a private courtyard, was sold through Alexander Phillips and David Tyrrell at Phillips Pantzer Donnelley.
Last traded for $1.22 million in 2016, its spans 90 square metres including two bedrooms and two bathrooms.
It is set on the prized north-east corner in a block of four just 100 metres from the beach.
Murray played in the midweek game which saw the NSW Blues defeat the Queensland Maroons 26-20 in the State of Origin decider.
Murray has contributed to South’s season as they seek to get back on track.
Following the 2018 season, where he played 25 times, he signed a new three-year deal.
This article was first published in the Sunday Telegraph. 
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firstname1-iYD4UYzvBa

Rabbitoh Cameron Murray buys first home

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Melbourne house prices have followed the Sydney market downturn, with an estimated 15% drop from a December 2017 peak to June 2019.
Despite lower interest rates and the easing in credit market conditions, high levels of supply will keep a lid on prices in 2019/20, according to the BIS Oxford Economics Residential Property Prospects 2019 to 2022 report. 
However, as dwelling completions fall away rapidly from 2020/21 price growth is expected to return, particularly given Melbourne’s strong population outlook. 
A more constrained lending environment, particularly towards investors, is expected to contain total growth in the median house price to 7% in the three years to June 2022, the firm said. 
With new supply more concentrated in the unit sector, the report said a more moderate aggregate rise of 4% is forecast for unit prices over the same period.
<a href="https://www.propertyobserver.com.au/images/2019/7/15/BIS%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/2019/7/15/BIS%201.jpg" alt="">
<a href="https://www.propertyobserver.com.au/images/2019/7/15/BIS%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/2019/7/15/BIS%202.jpg" alt="">
<a href="https://www.propertyobserver.com.au/images/2019/7/15/BIS%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/2019/7/15/BIS%203.jpg" alt="">
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Melbourne dwelling price growth expected to return from 2020/21: BIS Oxford Economics 

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Florida Dry Cleaners have sold their Cross Street, Double Bay commercial premises for $10.25 million to an Asian investor.
The trophy asset, which also comprises five retail shops and a commercial office, has been owner occupied by the Gordon family who run the dry cleaners for over a generation.
It was sold under the hammer at a record 1.5% yield. There were nine bidders for the building which sold with a $31,000 per sqm land value.
The low rise potential development of the property at 10 Cross Street has a current net income of $162,829.50 per annum.
Womens clothing store Alex &amp; Harry occupies one of the tenancies, along with the cafe Bar Lanziano.
There is an entitlement to utilise the laneway space.
Colliers International agents Miron Solomons, Matt Pontey and Nick Lumley secured the sale.
“This is a generational asset held by a private family linking the two main arteries of Double Bay; Knox and Cross Street,” said Solomons.
“We are expecting a great deal of demand for this asset, driven by the intrinsic value of freehold property in Sydney’s most prestigious waterside suburb as well as the property’s diverse income streams and future development potential.” 
Matt Pontey said Double Bay continues to drive demand for investors.
<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/2019/7/15/10%20Cross%20Street%202.jpg" alt="">
The five retail shops plus a first-floor commercial office have a net income of $162,829.50 per annum.
The flexible B2 Local Centre Zoning comes with a FSR of 2.5:1 and a height limit of 14.7 metres.
“Double Bay is buzzing with activity with the redevelopment of Double Bay and Cross Street carpark, as well as developments such as 1788 by SJD Property and The Hunter by Toga.
"The area has seen substantial development activity over the last 12 months, with developers competing for luxury residential sites along Cross Street.”
“This is an opportunity to buy a freehold asset with part ownership of the pedestrian thoroughfare linking Double Bay’s two iconic retail streets, Cross &amp; Knox Street.”
Solomon's and Pontey sold the neighbouring property 12 Cross Street, in 2018 to the Hong Kong media family, the Ma’s, achieving a then record yield of 1.8% return.  
 
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