<a href="https://www.apartments.com.au/developers/skymark-group">Skymark</a>'s boutique Cronulla development Solis has secured a 10-year Latent Defects Insurance policy through Resilience Insurance, providing buyers of the 16-residence building on Ewos Parade with structural and waterproofing protection that extends a decade beyond the building's completion.

Currently under construction and due for completion in late 2027, <a href="https://www.apartments.com.au/new-apartments/solis-cronulla-8-ewos-parade-cronulla-nsw-2230">Solis</a> is one of a small number of new developments in the Sutherland Shire to carry Resilience LDI coverage, a distinction that carries increasing weight as buyer confidence in the off-the-plan sector continues to be shaped by how developers stand behind their product.

Latent Defects Insurance, which entered the Australian market in 2022 when Resilience Insurance was approved to offer the cover, protects buyers against major structural or waterproofing defects for ten years post-completion. Unlike traditional statutory warranties, it operates as a first-resort policy, if a covered defect arises, the insurer responds directly, without the buyer needing to pursue the builder or developer through a lengthy claims process.

Resilience Insurance CEO Corey Nugent has noted that the product addresses something fundamental to the new apartment market.

"The overarching feedback from prospective buyers in the new development space is that they want more confidence and assurances around the quality of the build," Nugent says.

"Resilience Insurance Latent Defects Insurance not only gives them complete peace of mind for 10 years, but it shows the developer they are buying from is standing by their product."

[smartcode_project:default project_id=150499 project_image_fid=370898]

For Solis, the Resilience LDI policy adds a meaningful layer of accountability to an already considered project. The development comprises nine two-bedroom and seven three-bedroom residences, including one dual-level three-bedroom apartment, across a five-storey building on Ewos Parade, positioned between Shelly Beach and South Cronulla.

Garden apartments connect directly to private landscaped courtyards, while upper-level homes capture beach views to the east from level four and above.&nbsp;

All 16 residences include at least one balcony or courtyard, and select apartments on the upper floors feature bar areas and secondary flexible living spaces.

Hiba Sander, Managing Director of Skymark, says Solis offers a rare balance, nestled between the quiet beauty of secluded beaches and the lively charm of South Cronulla's esplanade.

"It's a place to choose your pace and live gracefully, seaside'," Sander says.

[smartcode_project:default project_id=150499 project_image_fid=370900]

The architecture, designed by <a href="https://www.apartments.com.au/architects/ida-design-group">IDA Design Group</a>'s Michael Trinh, draws from the natural erosion patterns of <a href="https://www.apartments.com.au/developments/cronulla-nsw-2230">Cronulla</a>'s sandstone headlands, translating the organic forms of the coastline into soft curves, pavilion-style massing, and a material palette chosen for longevity in a salt-tinged environment.&nbsp;

Textured natural stone, soft renders, and timber-look battens reference the tones of the surrounding cliffs, while the building has been oriented to maximise natural light and passive ventilation, with primary living spaces facing north and east to capture morning sun and sea breezes.

"At Solis, our aim was to create architecture that feels quietly confident, grounded in natural materials like stone and timber, and elevated by light and landscape," Trinh says.&nbsp;

"The buildings are designed to sit gently within their coastal surrounds, with expansive glazing and abundant greenery creating a seamless dialogue between inside and out."

[smartcode_project:default project_id=150499 project_image_fid=370897]

Interiors by <a href="https://www.apartments.com.au/architects/hot-black">Hot Black</a> carry the same material language through to every room. Kitchens feature integrated Gaggenau appliances, sculpted stone benchtops, and Lo &amp; Co joinery, while bathrooms feature natural stone, timber, and brushed metal finishes.&nbsp;

Hot Black Founder and Design Director Sophie Safrin describes the intent as one of considered restraint: "At Solis, every detail has been thoughtfully considered to create a timeless coastal retreat, calm, refined, and effortlessly liveable. From natural finishes to seamless indoor-outdoor flow, Solis offers a quiet elegance that's deeply connected to its surroundings.

The landscape, designed by Julian Brady of <a href="https://www.apartments.com.au/landscape-architect/sitedesignstudios">Site Design Studios</a>, treats green space as an integral part of the resident experience rather than an afterthought.&nbsp;

"Gentle curves and layered native plantings mirror the ebb and flow of the ocean," Julian Brady says, "creating a serene connection between architecture and place."&nbsp;

Coco Republic has provided bespoke furniture packages tailored to the project's coastal palette.

[smartcode_project:default project_id=150499 project_image_fid=370899]

Skymark has an established track record in the Sutherland Shire, with a portfolio spanning Cronulla, Woolooware and Burraneer that includes Isla, Sylva, Bask, Shells, Sula and Mist. Securing LDI on Solis reflects a broader shift in how the developer is positioning its buildings to buyers, at a time when Resilience Insurance expects the policy to become mandatory in New South Wales by 2028.

Sales at Solis are launching soon through Ray White Projects, with an official event scheduled for 11 June. Enquire for more information.

[smartcode_project_cta:default project_id=150499]

Joel Robinson

Skymark takes out 10-year Resilience Insurance LDI at Solis Cronulla

Investors may soon find themselves with fewer reasons to buy established property and more incentives to look towards the new apartment market.

Proposed changes to negative gearing and capital gains tax concessions would see new and off-the-plan apartments retain access to the tax benefits, while established properties would miss out, creating a clear advantage for buyers purchasing newly built housing.

The policy direction aligns with what many developers have been saying for several years. Australia needs more housing supply, and governments are increasingly looking for ways to encourage investment into new stock rather than existing homes.

The challenge for investors is that suitable product is becoming harder to find.

For much of the last decade, one-bedroom apartments were the cornerstone of investor demand. They offered a lower entry price, strong rental appeal, and were a common feature across most apartment developments.

Today, the development pipeline looks very different.

Across both New South Wales and South East Queensland, developers are increasingly targeting owner-occupiers and downsizers, delivering larger two, three and four-bedroom apartments in response to changing buyer preferences. While one-bedroom apartments still exist, they now form a much smaller portion of many new projects.

That shift has created a shortage of investor-friendly stock, particularly in well-located projects close to transport, employment hubs and lifestyle amenity.

At the same time, rising apartment prices have pushed many new developments beyond the reach of traditional investors. On the Gold Coast and across South East Queensland, it's becoming increasingly difficult to find new apartments priced around the $1 million mark, particularly those offering strong rental fundamentals and long-term growth prospects.

We've rounded up four new apartment developments where investors can still secure a foothold in the market for around $1 million or less.

<h2 data-end="1140" data-start="844">Flourish Soleira</h2>

<h2>Priced from: $1.07 million</h2>

Popular Palm Beach developer Sherpa is soon to officially launch its newest local apartment development, Flourish Soleira.

The one-bedroom apartments in the building were only offered to first home buyers rather than investors, and all of those have been snapped up. The two-bedroom apartments will start from $1.07 million, and the three-bedrooms, still a good investment given the popularity of Palm Beach for owner-occupiers, starting at $2,045,000.

&nbsp;

[smartcode_project:default project_id=150017 project_image_fid=370964]

Flourish Soliera will comprise 153 apartments across two buildings, connected by a skybridge, the first ever delivered in the suburb.

True to Sherpa's booming Flourish brand of apartment projects, Flourish Soleira will have extensive rooftop amenity across both buildings including a&nbsp;wellness centre with gym, work from home, yoga, pilates, a&nbsp;heated pool, private dining rooms, pizza oven and barbecues, basketball court, and golf simulator.

<h2>Corallo, Palm Beach</h2>

Priced from: $841,500

Nearby Flourish Soleira is Changfa Group's beachfront-inspired Corallo development. They still have some one-bedroom apartments remaining, priced from $841,500.

The 105-apartment project on Palm Beach Avenue is otherwise dominated by larger two and three-bedroom residences, many of which are aimed at owner-occupiers and downsizers.

[smartcode_project:default project_id=112194 project_image_fid=808]

For investors, the appeal lies in Palm Beach's continued transformation from a laid-back beachside suburb into one of the Gold Coast's most sought-after residential markets. Residents at Corallo will be within walking distance of Palm Beach's surf beaches, the recreational amenity of Tallebudgera Creek, and the increasingly popular collection of cafes, restaurants and boutique retailers along the suburb's central dining precinct.

<h2>Corner House, Stones Corner</h2>

<h2>Priced from: $880,000</h2>

One of only two Brisbane apartment developments to make the list with prices under $1 million is DeMartini Fletcher's Corner House development in Stones Corner.

One-bedroom apartments start from $880,000 within the 88-apartment development, providing investors with exposure to one of Brisbane's most established inner-south locations.

[smartcode_project:default project_id=149098 project_image_fid=330594]

Stones Corner has long been supported by strong tenant demand due to its proximity to major employment and education destinations. The suburb sits less than five kilometres from Brisbane's CBD and is within easy reach of the Princess Alexandra Hospital, Greenslopes Private Hospital, Queensland Children's Hospital and several university campuses.

The project's location within a walkable urban village environment, surrounded by retail, dining and public transport infrastructure, continues to attract both professionals and healthcare workers seeking accommodation close to work.

Parkdrive Apartments, Chermside

Priced from: $749,000

The most affordable apartments across Brisbane's new and off the plan market are in Chermside where developer AusDev is selling one-bedroom apartments from $749,000, and two-beds from $929,000, at its recently launched Parkdrive development.

The development is strategically positioned in one of Brisbane's largest employment and retail precincts, placing residents within easy walking distance of Westfield Chermside, The Prince Charles Hospital, St Vincent's Private Hospital Northside and the suburb's major bus interchange.

[smartcode_project:default project_id=152125 project_image_fid=363782]

Already under construction and scheduled for completion in early 2028, Parkdrive benefits from Chermside's ongoing evolution into Brisbane's northern metropolitan centre. The suburb continues to attract significant public and private investment, supporting population growth and underpinning long-term rental demand.

For investors focused on yield and tenant depth, the combination of healthcare, retail and transport infrastructure within close proximity provides a strong foundation for occupancy and rental performance.

Investors to turn to new apartments after Federal Government changes spark hunt for Queensland's best $1 million apartments

A mix of Gold Coast locals, fly-in, fly-out purchasers from Sydney and Melbourne, and Brisbane-based families has driven early sales success at Broadbeach's newest apartment tower, Lumara.

The 26-level project, a joint venture between builder-developer 5Point Projects and Bourke Projects, comprises just 37 luxury residences and is attracting a buyer profile that is looking for exclusivity, above the most amenity-rich suburb on the Gold Coast.

[smartcode_project:default project_id=150454 project_image_fid=364156]

Jamie Bourke, Director of Bourke Projects, says every buyer secured so far intends to use Lumara as a lock-up-and-leave residence, combining holiday use with the ability to work remotely when required.

“The size of the apartments, both half- and full-floor options, and the different zones within the floorplans, lends itself perfectly to dedicated home office setups and multi-generational family holidays,” Bourke says.

That flexibility has become a key drawcard for affluent buyers seeking a second residence on the Gold Coast without sacrificing the ability to conduct business away from their primary home base.

The absence of holiday letting within the building has also resonated strongly with purchasers.

“This type of buyer doesn't need to generate holiday rental income,” Bourke says. “They're paying for exclusivity, privacy and certainty around who their neighbours are.”

[smartcode_project:default project_id=150454 project_image_fid=366491]

The strong demand comes amid broader shifts in the high-end apartment market following the Federal Budget announcements in May.

“We were already seeing strong enquiry from high-net-worth buyers, but that has only accelerated since the policy changes,” Bourke says.

“A lot of those buyers are looking to place more capital into premium lifestyle assets rather than investment-grade stock that has been targeted by the Federal Government.”

[smartcode_project:default project_id=150454 project_image_fid=366486]

Designed by Cottee Parker, Lumara adopts a slender, sculpted form with an emphasis on natural materials suited to its beachfront setting. The architectural approach draws on coastal influences, with a palette of stone, timber and concrete selected for durability and the ability to weather over time.

Apartments are limited to three and four-bedroom configurations, with a maximum of two residences per floor through the mid-levels and a selection of full-floor and dual-level homes in the upper levels. All apartments are oriented to the north to maximise natural light, cross-ventilation and views across the ocean, city skyline and hinterland.

A two-level amenity offering is positioned high within the building on levels 20 and 21, conceived as a sky wellness retreat. Facilities include a magnesium pool, spa, sauna and steam rooms, alongside more social spaces such as a private dining room, resident lounge, workspaces and outdoor barbecue areas integrated with landscaped greenery.

The uppermost levels are reserved for larger-format residences, including several full-floor homes and a dual-level penthouse with its own private wellness features and recreational spaces.

&nbsp;

To give buyers confidence, 5Point and Bourke commenced construction ahead of the apartments launching to the market, a sure-fire way to prove they mean business, and the building will be delivered. They are targeting a 2028 completion date.

[smartcode_project_cta:default project_id=150454]

Locals, interstate holiday makers, drive early sales at Lumara, Broadbeach's newest luxury apartment tower

Often when it comes to purchasing property, the biggest barrier to entry is the deposit. Buyers of established homes typically aim for a 20 per cent deposit to avoid the added cost of Lenders Mortgage Insurance, while most property transactions require around a 10 per cent deposit when contracts are exchanged.

The off-the-plan market works differently, with buyers typically paying a deposit during construction and settling the balance upon completion. As completion approaches at <a href="https://www.apartments.com.au/new-apartments/fabbrica-fitzroy-369-gore-street-fitzroy-vic-3065">Fabbrica Fitzroy</a>, developer <a href="https://www.apartments.com.au/developers/pace-development-group">Pace</a> is making it easier for buyers to secure a residence through a deposit-matching incentive. Purchasers need only contribute a five per cent deposit*, with Pace matching the remaining five per cent.

The offer comes as Pace unveils a completed display apartment and townhouse, now available for inspection by appointment ahead of the project's Spring completion.

[smartcode_project:default project_id=139552 project_image_fid=371009]

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/winwood-mckenzie-architecture">Winwood Mckenzie</a> and landscaping by <a href="https://www.apartments.com.au/landscape-architect/acre">Acre</a>, Fabbrica draws on Fitzroy’s industrial and manufacturing history, incorporating references to the former Argyle Shirt Factory and Life Savers Confectionery Company that once occupied the site.

The development comprises 85 residences, spanning low-maintenance apartments through to larger-format townhouses with private street access and double lock-up garages, a relatively uncommon offering in Fitzroy’s higher-density apartment market.

Pace says the project has been designed to appeal to buyers seeking inner-city convenience without sacrificing space, flexibility, or amenity.

[smartcode_project:default project_id=139552 project_image_fid=371016]

Inside the residences, Winwood Mckenzie has focused on adaptable layouts and integrated detailing, with features including custom joinery, and concealed storage solutions. The material palette leans into warm, tactile finishes intended to complement the building’s industrial architectural language.

Fabbrica’s rooftop amenity is a key part of the project offering. Spanning around 800 sqm, the communal rooftop includes a private dining room, communal kitchen, lounge spaces, work-from-home zones, and outdoor dining areas overlooking the Melbourne CBD skyline.

[smartcode_project:default project_id=139552 project_image_fid=371017]

Landscape architecture studio Acre has introduced a layered rooftop garden designed to soften the urban setting while creating a more communal environment for residents.

The Fitzroy location also positions residents within walking distance of Brunswick Street, Smith Street, parks, cafés, galleries, and public transport, while remaining only minutes from Melbourne’s CBD. The project has an enviable Walk Score of 96.

[smartcode_project:default project_id=139552 project_image_fid=371025]

Pace, which is also delivering the project as builder, has developed more than 100 projects across Melbourne over the past three decades. The vertically integrated approach has become increasingly common among developers seeking greater control over construction delivery amid broader market pressures affecting the apartment sector.

The strikingly contemporary Gore Street development is now around 70 per cent complete, with purchasers expected to move into their new homes in Spring 2026. A limited number of residences remain available under the current deposit match offer.

*Conditions apply in relation to the deposit match offer.

[smartcode_project_cta:default project_id=139552]

Pace offers five per cent deposit match at Fabbrica Fitzroy ahead of Spring completion

Sydney developer Hyecorp's roots on the Lower North Shore stretch back three generations, and that deep understanding of the market continues to shape where and how it develops today.

From high-rise towers to boutique apartment projects, the family-run developer has built its reputation by focusing on a part of Sydney it knows intimately. Founded by Michael Abolakian in the early 1990s, Hyecorp is now led by his sons Stephen, Troy and Patrick.

Stephen Abolakian, joint managing director alongside Troy, has spent more than two decades in the business, overseeing development, planning, finance, marketing and sales.

Abolakian says the developer's disciplined focus on where it chooses to operate has been, and continues to be, one of Hyecorp's greatest strengths.

“We know the buyer profile exceptionally well,” Abolakian says.

“The demographics between places like Willoughby, Chatswood, St Leonards and Roseville are very similar. There are nuances between suburbs and projects, but culturally and from a buyer perspective, there’s a strong overlap.”

That buyer has historically been overwhelmingly owner-occupier driven.

Unlike many Sydney apartment developers that have traditionally relied heavily on investor demand, Hyecorp’s projects have typically attracted downsizers, upsizers, rightsizers and family owner-occupiers seeking long-term homes rather than short-term investments.

“Historically, investors have been a much smaller portion of our demand profile,” Abolakian says.

“We design for owner-occupiers. We don’t design for yield, we design for comfort, amenity, family living and long-term usability.”

That philosophy extends well beyond apartment layouts.

From landscaping and communal gardens to shared amenities and circulation spaces, Hyecorp’s developments are designed around how people actually live, something Abolakian believes has become increasingly important in Sydney’s apartment market.

“There was probably a period where having an approved project in market was enough,” he says.

“There wasn’t as much competition and if you built it, buyers would come. That’s no longer the case.”

“There’s more supply in the pipeline now, particularly with TOD precincts and low and mid-rise reforms opening up opportunities across Sydney. Buyers have more choice, so if you get the product wrong, they’ll simply go elsewhere.”

[smartcode_project:default project_id=110379 project_image_fid=311393]

The shift has forced developers to become more sophisticated in how they approach apartment design, particularly as owner-occupier expectations continue to rise.

For Hyecorp, that means thinking beyond who the buyer is today and designing for who they may become in five or 10 years' time.

“People buying now often aren’t moving in for several years,” Abolakian says.

“You might have a young couple buying today, but by the time they move in they may have children, older children, or changing lifestyle needs. You’ve got to think about how families evolve.”

That thinking also shapes Hyecorp’s approach to amenity, which positions wellness at the forefront.

[smartcode_project:default project_id=149594 project_image_fid=362634]

While resort-style facilities have become increasingly common marketing tools across Sydney apartment developments, Abolakian says the challenge is ensuring amenities are genuinely usable and appropriate for the scale of the project.

“If amenities are done right, they can materially improve the living experience,” he says, adding however that if you&nbsp;overdo it or get it wrong, you can end up with facilities nobody uses that simply create ongoing strata costs.”

That balance is something Hyecorp is aiming to strike with projects like Roseville Avenue, one of the group's upcoming Lower North Shore developments, which Abolakian describes as bringing a resort-style living experience into a metropolitan setting.

“It’s about creating something that feels special without being excessive,” he says.

“Good gardens, quality apartments, thoughtful amenity. Creating that resort feeling in a metro location.”

<img alt="Hyecorp" data-entity-type="file" data-entity-uuid="13c4c0f3-b1b7-44cf-9344-0b3d1d07797a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-02%20at%2012.14.57%E2%80%AFPM.png?VersionId=9OLWjyj2bYkDV35F78WJnyMSPfc2bJ2z" />

The focus on owner-occupier product comes as Sydney’s apartment market continues to navigate a difficult development environment.&nbsp;For Hyecorp, maintaining an in-house operating model across construction, sales, marketing and development management has become increasingly important in navigating that environment.

“We’ve always believed in keeping a lot of the process in-house,” Abolakian says.

“It creates efficiencies, but it also creates quality control. You can make faster decisions and ensure the end product stays aligned with the original vision.”

Despite the challenges, Abolakian believes demand for quality owner-occupier apartments across Sydney remains strong beneath the surface, particularly across established Lower North Shore suburbs where downsizers continue to seek new housing options close to existing communities.

“There are definitely people waiting,” he says.

“Once some of the broader uncertainty settles, whether that’s the global environment or some of the local economic noise, I think the right projects will perform very strongly.”

Hyecorp currently has three residential developments on the market across Sydney’s Lower North Shore.&nbsp;Audrey, St Leonards, positioned opposite Newlands Park, is nearing completion and preparing to welcome its first residents, with the project now almost sold out.

Hyecorp has also recently launched&nbsp;<a href="https://www.apartments.com.au/new-apartments/celine-chatswood-37-archer-street-chatswood-nsw-2067">Celine Chatswood</a>, an architectural tower, while continuing to deliver&nbsp;<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet Roseville</a>, a more boutique scale of development with just 34 apartments.

Why Hyecorp continues to back Sydney's Lower North Shore apartment market

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?

Australia’s online shopping habits have shifted dramatically over the last decade. As eCommerce volumes surged, so too did the frustrations that came with traditional parcel delivery: missed deliveries, long Post Office queues, parcel theft and the challenge of being home during business hours.

Australia Post’s Parcel Lockers emerged as one of the more practical responses to that changing consumer behaviour.

What started as a relatively niche delivery option has evolved into a nationwide network of more than 1,400 self-service Parcel Lockers positioned at train stations, shopping centres, supermarkets and Post Offices across the country. The system allows Australians to send, collect and return parcels 24 hours a day, fundamentally changing how many people interact with deliveries.

The appeal is relatively straightforward: flexibility.

Instead of waiting at home for a delivery driver or rushing to a Post Office before closing time, users can direct eligible parcels to a Parcel Locker location of their choice. Once the parcel arrives, Australia Post sends a notification with a collection code or QR access through the AusPost app, allowing customers to retrieve their package at any time within the collection window.

For apartment residents in particular, the system has become increasingly valuable.

Higher-density living has created logistical challenges around deliveries, especially in buildings without concierge services or secure parcel rooms. Missed deliveries are common, while parcel theft has become an increasing concern as online shopping volumes continue to rise.

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Australia Post itself has repeatedly highlighted the growing issue of “porch pirates” during peak shopping periods, encouraging customers to use Parcel Lockers as a safer alternative to unattended home deliveries.

That security aspect is one of the key reasons the Australia Post Parcel Locker network has grown so rapidly.

Parcel Lockers are positioned as secure, monitored collection points that reduce the risk of theft while also improving delivery efficiency for Australia Post. Instead of multiple redelivery attempts, parcels can be consolidated into a single secure destination.

The Parcel Lockers themselves are free to use through a MyPost account and support a range of parcel sizes up to 16 kilograms and dimensions of approximately 35 x 44 x 61 centimetres.

Beyond receiving parcels, the system has increasingly become integrated into the broader eCommerce ecosystem.

Customers can now use Parcel Lockers to return online purchases, while retailers have embraced the model as a way to improve delivery success rates and reduce friction in the shopping process. Australia Post has actively expanded partnerships with major retailers and promoted Parcel Lockers as part of a broader out-of-home strategy.

The timing of that expansion aligns with broader changes in Australian shopping behaviour.

The acceleration of online retail during and after the pandemic placed enormous pressure on delivery infrastructure. Parcel volumes reached record highs, particularly during Black Friday and Christmas periods, with Australia Post delivering more than 100 million parcels during peak festive seasons.

That growth forced logistics providers to rethink the “last mile” of delivery, widely regarded as the most expensive and operationally difficult stage of the process.

Parcel Locker systems have increasingly been viewed as part of the long-term solution.

The concept itself is not unique to Australia. Parcel Locker networks have become common globally, particularly across Europe and Asia, where dense urban environments and apartment living create similar logistical challenges. But Australia’s geography and suburban sprawl made adoption slower initially.

Now, however, the convenience factor is driving mainstream usage.

For commuters, Parcel Lockers near train stations allow parcels to be collected on the way home from work. For apartment dwellers, they remove the uncertainty around access and missed deliveries.

The rise of the AusPost app has also streamlined the experience, centralising notifications, tracking and Parcel Locker access into a single platform. Australia Post has increasingly pushed customers toward app-based delivery management, partly as a way to combat phishing scams and fake delivery notifications, which have become more sophisticated in recent years.

The Parcel Locker model is also beginning to influence property development itself.

Parcel management has become a growing consideration in apartment building design, particularly as online shopping becomes embedded in everyday life. Many new residential developments are now incorporating dedicated parcel rooms or Parcel Locker systems into foyers and communal spaces.

For developers, parcel management is increasingly viewed as part of the broader resident amenity offering, alongside gyms, wellness spaces and communal work areas.

That reflects a wider evolution in how residential buildings are designed.

Apartment buyers are placing greater emphasis on convenience, security and operational functionality, particularly in higher-density urban environments. Parcel delivery, once considered a minor operational detail, has become an increasingly important part of that equation.

Australia Post’s Parcel Locker network sits at the centre of that behavioural shift.

What began as a simple alternative delivery option has evolved into a key piece of infrastructure supporting Australia’s growing eCommerce economy and changing urban lifestyles.

And as online shopping continues to expand, the role of Parcel Lockers is likely to become even more embedded in how Australians live, shop and receive goods.

How Australia Post Parcel Lockers changed parcel delivery convenience in Australia

Property values across the country continued to decline over November, research from property data firm CoreLogic found, but there was a further ease in the speed of the declines.

Dwelling values (which incorporates both houses and units), contracted a further one per cent in November, driven by declines in Hobart (-2 per cent), Canberra (-1.2 per cent), and Sydney (-1 per cent).

Capital city housing markets declined -1.2 per cent, with Brisbane (-2.2 per cent), Hobart (-2 per cent) and Sydney (-1.5 per cent), feeling the declines the hardest.

Capital city units however dropped just -0.6 per cent. Hobart (-1.8 per cent), Sydney (-0.9 per cent) and Canberra (-0.8 per cent) the capital's the most affected in the unit market.

Declines however have continued to soften since August when the national index dropped by -1.6 per cent.

CoreLogic Research Director Tim Lawless said the easing in the rate of decline is mostly emanating from the Sydney and Melbourne markets, but is also evident across many of the smaller capitals and most regional markets.&nbsp;

“Three months ago, Sydney housing values were falling at the monthly rate of -2.3 per cent. That has now reduced by a full percentage point to a decline of -1.3 per cent in November," Lawless said.&nbsp;

"In July, Melbourne home values were down -1.5 per cent over the month, with the monthly decline almost halving last month to -0.8 per cent.

“The rate of decline has also eased across the ACT (from a -1.7% fall in August), and is no longer accelerating in Brisbane. Most of the broad rest-of-state markets have also seen the pace of declines decelerate."

Lawless said that it is possible we are seeing the initial uncertainty around buying in a higher interest rate environment wearing off, while persistently low advertised stock levels have likely contributed to this trend towards smaller value falls. He does however note that housing risk remains skewed to the downside while interest rates are still rising and household balance sheets become more thinly stretched.

“There is still the possibility that the pace of declines could reaccelerate, especially if the current rate hiking cycle persists longer than expected.

"Next year will be a particular test of serviceability and housing market stability, as the record-low fixed rate terms secured in 2021 start to expire."

<h2>Melbourne Market Snapshot</h2>

<ul>
	<li>Unit values across Melbourne dropped just -0.2 per cent across November, the lowest declines the Victorian capital has seen since May. 
	&nbsp;</li>
	<li>It's stark comparison to the housing market, which dropped another -1 per cent.</li>
</ul>

[smartcode_project:default project_id=112174 project_image_fid=199593]

<ul>
	<li>Unit values are now -4.1 per cent down over 2022, almost half the declines felt in the housing market, now -8.1 per cent since the turn of the year. 
	&nbsp;</li>
	<li>The median Melbourne unit value is now $597,000, and houses $759,000.</li>
</ul>

<h2>Sydney Market Snapshot</h2>

<ul>
	<li>Unit values across Sydney dropped just -0.9&nbsp;per cent across November, the third highest of all the capital city markets. 
	&nbsp;</li>
	<li>Sydney houses dropped another -1.5 per cent in November.</li>
</ul>

[smartcode_project:default project_id=22748 project_image_fid=204929]

<ul>
	<li>Unit values are now -8.2 per cent down over 2022, which is double the declines in Melbourne. Houses in the Harbour capital are down -11.9 per cent in the same period. 
	&nbsp;</li>
	<li>The median Sydney unit value is now $781,000, and houses $1,025,000.</li>
</ul>

<h2>Brisbane Market Snapshot</h2>

<ul>
	<li>Brisbane had the biggest divergence between the house and unit market in November 
	&nbsp;</li>
	<li>Unit values across Brisbane dropped just -0.2&nbsp;per cent across November, the third best performing unit market across the capitals. 
	&nbsp;</li>
	<li>Brisbane houses however were the worst performer, down -2.2 per cent</li>
</ul>

[smartcode_project:default project_id=102309 project_image_fid=163977]

<ul>
	<li>The Brisbane unit market has been one of the biggest success stories of 2022, bucking the trend of the downturn. Values are still 7.1 per cent higher than they were at the start of the year. 
	&nbsp;</li>
	<li>The Brisbane house market has also remained resilient, just ticking into negative territory, down -0.8 per cent this year. 
	&nbsp;</li>
	<li>The median Brisbane unit value is now $492,000, and houses $798,000.</li>
</ul>

CoreLogic Research Director Tim Lawless said the easing in the rate of decline is mostly emanating from the Sydney and Melbourne markets

Property downturn continues, but rate of decline softens again: CoreLogic

There are strong signs that the lengthy property market downturn may not be quite as drawn out as first thought.

First the RBA only cut rates by 25 basis points in the October meeting, where many forecasters and economists had expected a 50 basis point hike. The cash rate now sits at 2.6 per cent, with the overarching view there are still a few more rate hikes to go before the RBA wait to see if their efforts to curb inflation have been successful.

It was the sixth consecutive month the RBA had hiked rates from a record low 0.1 per cent, but it was the first time in six months it wasn't what is referred to as a "double rate hike."

Clearance rates, which is one of the leading metrics in buyer appetite, was just over 63 per cent, the sixth week in a row it was over the 60 per cent mark. By no means is 60 per cent a target figure given clearance rates are in the high 80's and into the 90's when the market is hot, but it's a start.

But in Melbourne, where the clearance rate was 66 per cent last weekend, Projects by Buxton Director Heath Thompson believes the uptrend of clearance rates will continue due to a type of buyer that has emerged in recent weeks.

[smartcode_project:default project_id=108897 project_image_fid=180981]

"Bargain hunters are always the first to come back when the market has seen a significant drop," Thompson said.

"They're almost an indication as to when the market has bottomed, as they think now is the time to pick property up at its lowest price before it starts to shoot back up again in the historical pattern.

"Bargain hunters will almost singlehandedly drive the market back up. They essentially compete with each other which creates competition at auctions which does two things; drives prices up, which in turn drives auction clearance rates. There's a much less likelihood of a property passing in and not meeting a vendor's expectation when there's a few bidders at an auction."

[smartcode_project:default project_id=112375 project_image_fid=204404]

Thompson says it's the old adage, "if you wait for the bottom, then you've probably missed it."

Thompson, who markets off the plan developments around Melbourne's exclusive Stonnington and Bayside areas, is expecting a late run into Christmas as buyer demand starts to pick back up.&nbsp;

At the moment Thompson is predominantly dealing with two types of buyers; the first home buyer who wants certainty in what they pay and are happy to wait for it to be ready, and the luxury downsizer, who wants the low maintenance living in a brand new property that requires no renovations.

Before the rate hike of just 25 basis points,&nbsp;CoreLogic's Research Director Tim Lawless said it's possible we have seen the initial shock of a rapid rise in interest rates pass through the market and most borrowers and prospective home buyers have now ‘priced in’ further rate hikes. However, Lawless suggested that if interest rates continue to rise as rapidly as they have since May, we could see the rate of decline in housing values accelerate once again.

Lawless cited the improvement of other indicators as the rate of decline in the property market slowed in September.

“Auction clearance rates also trended upwards, albeit subtly, in September and consumer sentiment nudged a little higher as well on the back of strong labour market conditions,” Lawless said. &nbsp;

“We’ve also seen the flow of fresh listings continue to slide through the first month of spring, which is uncommon for this time of the year.”

Expect listings to flow next year as thousands of fixed loans expire. Those fixed loans, whether they were one-year or five-year fixed, will likely have been fixed at around the two per cent mark. Now the average interest rate on the market is in the mid four per cent range.&nbsp;

In Melbourne, where the clearance rate was 66 per cent last weekend, Heath Thompson believes the uptrend of clearance rates will continue due to a type of buyer that has emerged in recent weeks.

Is the property market starting to bottom out?

The RBA has hiked rates for the sixth month in a row, with the Tuesday meeting seeing rates rise by 0.25 per cent.

Three of the big four banks expected a half a percentage point rise, with just Commonwealth Bank predicting the 25 basis point rise.

The official cash rate is now at 2.6 per cent.

The RBA noted in their statement that, as is the case in most countries, inflation in Australia is too high.

"Global factors explain much of this high inflation, but strong domestic demand relative to the ability of the economy to meet that demand is also playing a role," RBA Governor Philip Lowe noted in the announcement.

The RBA predicted a further increase in inflation over the months ahead, before it then declines back toward the two to three per cent range.

"The expected moderation in inflation next year reflects the ongoing resolution of global supply-side problems, recent declines in some commodity prices and the impact of rising interest rates.

"Medium-term inflation expectations remain well anchored, and it is important that this remains the case. The Bank’s central forecast is for CPI inflation to be around 7¾ per cent over 2022, a little above 4 per cent over 2023 and around 3 per cent over 2024."

As for mortgages, Lowe noted that higher inflation and higher interest rates are putting pressure on household budgets, with the full effects of higher interest rates yet to be felt in mortgage payments.

"Consumer confidence has also fallen and housing prices are declining after the earlier large increases.," Lowe suggested.

"Working in the other direction, people are finding jobs, gaining more hours of work and receiving higher wages. Many households have also built up large financial buffers and the saving rate still remains higher than it was before the pandemic."

Graham Cooke, head of consumer research at Finder, said Aussies with a $500,000 mortgage will be paying almost $9,000 more a year in interest compared to just six months ago.

“Australians with a $500,000 mortgage will be forking out $735 more per month compared to what they were paying in April.&nbsp; 
 
“That’s a whopping amount of extra money to pay every month – especially when everyday items like groceries and petrol are skyrocketing in price."

The RBA noted in their statement that, as is the case in most countries, inflation in Australia is too high.



RBA hike interest rates by 0.25 per cent, points to high inflation

The widespread impact of the COVID-19 pandemic has investors re-examining opportunities with fresh eyes, and one class drawing more attention than ever before here in Australia is alternative real estate.&nbsp;

A booming category in the US, it has been relatively underplayed here, where alternatives traditionally account for only about 10 per cent of the listed real estate market. But with investment staples such as commercial real estate being hit hard by the work-from-home trend, and retail malls and shopping strips squeezed further by the explosion of online shopping, savvy investors are looking for opportunities in non-traditional classes either unaffected by the pandemic or poised to exploit new post-COVID opportunities.

As someone who specialises in identifying future trends in the Australian property market, a number of alternative categories show significant potential to present strategic opportunities to investors willing to look beyond historically popular options. It&rsquo;s worth noting that in the US, alternatives make up around 50 per cent of listed real estate market investments, so the Australian market is poised for growth in this area.

And because Australia has been less materially impacted by COVID than many comparable European, Asian and American economies, investing here is something we&rsquo;re happy to recommend to our offshore investors.

Prior to the onset of the COVID crisis in Q1 2020, it was more than 28 years since the last technical recession in Australia, which was the longest run of uninterrupted GDP growth in the developed world; so it&rsquo;s also a very resilient economy.&nbsp;

[smartcode_project:default project_id=89720]

Let&rsquo;s start with some of the mainstream options that we consider have been detrimentally impacted by COVID-19.

It&rsquo;s no secret that retail strip shopping and malls have been hit by a lack of foot traffic and some businesses, especially in hospitality such as cafes and restaurants, have been unable to transition to e-commerce.&nbsp;

Similarly, hotels and pubs are not performing as well as they previously have done due to density restrictions and reduced flow of business patrons and tourists.&nbsp;

Aged care is another challenged sector, with the impacts of COVID-19 and various investigations into mismanagement obviously impacting confidence in the sector, leading to a dramatic fall in short-term demand.&nbsp;

And whilst existing holdings in office buildings are for the time being maintaining paper valuations in anticipation of people returning to work in CBDs around the country, it is too early to have a clear understanding of what structural changes have already taken place, to how and (more importantly) where Australians will be working going forward. So, what else is worth a look in terms of alternate classes of real estate investment?

[smartcode_project:default project_id=3459]

Industrial distribution centres - people are sitting at home ordering on Amazon.

Those goods need to arrive off a ship somewhere, be repackaged or parcelled, and then sent to someone else. That one has already taken off. Inner-city last-mile logistics is closely related, and another one that&rsquo;s doing well on a smaller scale, offering opportunities to investors other than the large-scale listed players.

Data centres - everyone needs data, whether it&rsquo;s video conference calls, learning from home or ordering consumer goods online. We need bandwidth and we need our data stored. That has made data centres a very popular area to invest in.

Self-storage &ndash; with the government&rsquo;s HomeBuilder grant plus extra disposable income from a lack of holiday travel, Australians are getting busy renovating and updating their existing homes. Downsizers moving from homes to apartments has been a major trend in our cities and has boosted demand for the self-storage industry and associated real estate assets.

Agriculture and processing &ndash; abattoirs and dairy processing points are very interesting. Australia is one of only three countries in the world that produces more milk than it consumes. A lot of that milk is then transformed into baby formula, and shipped overseas. It&rsquo;s one of those products with a well-established global supply chain that&rsquo;s virtually immune from disruption - even COVID-19. You can probably do without the latest iPhone and postpone that decision, but if you have a baby coming, you can&#39;t postpone your demand for milk powder. Similarly, if you need access to protein, that typically needs to be slaughtered in Australia, packaged and then sent overseas. So, demand for those non-primary agricultural assets is definitely of interest.

Pharmaceutical manufacturing &ndash; before COVID-19, Australia was quite happy buying pharmaceuticals and medical goods from overseas. But what we saw in the early phases of the crisis was everyone scrambling for these goods and countries like China, India, and Pakistan, which produce and export the greatest amount of pharmaceuticals and medical goods, keeping them in their own country. Australia, and I think a lot of other places, now realise we need to be able to produce the base level of medications required, such as insulin to treat diabetes. We can&#39;t rely on overseas suppliers because if their supply chains are disrupted or redistributed, that can have huge impacts for the Australian population.

[smartcode_project:default project_id=2929]

It&rsquo;s when you cross-reference information sources such as annual reports, research papers and studies into human behavioural patterns, that opportunities emerge for investors willing to look at the alternatives to mainstream investments in the pursuit of outperformance.

Nick Browne is director at alternative asset management firm Jameson Capital

The widespread impact of the COVID-19 pandemic has investors re-examining opportunities

jchancellor

Why alternative real estate will power on after COVID: Jameson Capital's Nick Browne

Long-standing and renowned developer&nbsp;Fortis has developed a solid portfolio across Australia&#39;s two biggest capitals, with more than $276 million in successfully completed projects.

The group&rsquo;s future is just as prosperous with new developments, valued at over $2.2 billion in the pipeline for completion in the coming years.

We&rsquo;ve taken a closer look at the top five developments Fortis has both in Sydney and Melbourne in 2022.

1. Piper -&nbsp;2A Wunulla Road, Point Piper, NSW

Piper is the first collaboration between Fortis and Dare Property Group, who has teamed up to create a rare new development in the most affluent suburb in the whole of Australia.

Sharing its postcode with some of Australia&rsquo;s most prestigious and historic homes, Piper,&nbsp;at 2A Wunulla Road, there will have just 15 exclusive residences, which will have interiors by MIM Design and sit in landscaping by Dangar Barin Smith.

[smartcode_project:default project_id=6126 project_image_fid=191996]

There will be a mix of two, three and four-bedroom apartments across the boutique four-level building. Each apartment will feature soaring ceilings, open layouts and large living, entertaining, and outdoor areas. Some of the apartments will even have their own private pools.

The three two-bedroom plus study apartments start from 127 sqm of internal space, the three-bedroom apartments start from 161 sqm internal, and the biggest offering, the four-bedroom apartments, have an internal living space between 210 sqm and 260 sqm.

[smartcode_project:default project_id=6126 project_image_fid=191995]

&quot;The rich design palette places a deep focus on the polished and matte, the light and dark, the coarse and soft, heralding the mineralised and lustrous qualities hidden within Piper&rsquo;s natural forms,&quot;&nbsp;Miriam Fanning of Mim Design said.

Completion on the development is&nbsp;scheduled for the first quarter of 2024.

2. Mona Road - 1 Mona Road, Darling Point, NSW

Fortis will soon launch Mona Road, their first development in Darling Point, another high end harbourside suburb in Sydney.

The premium mixed-use development will offer both residential and retail at the Mona Road site. Created by award-winning architects MHNDU, Mona Road features six residential floors with a mix of one, two and three-bedroom apartments, with terraces and balconies capturing views across the city, harbour, nearby Paddington and surrounds.

The creative inspiration for the site comes from the history-steeped harbourside corridor it overlooks, with respect paid to the original brickwork of the fa&ccedil;ade.

Situated at the gateway to the Eastern Suburbs between Potts Point and Double Bay, the north-oriented site occupies a prominent frontage along Mona Road&mdash;only four kilometres from the Sydney CBD.

<img alt="" height="880" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/fortis_mona_rd_0.jpg" width="1200" />

Edgecliff Station is a 350-metre walk, while major bus and ferry routes are also within easy reach, providing regular services towards the city and beyond.&nbsp;

Construction on the development is expected to be completed by late 2023.

3. Colindia &ndash; 5 Colindia Avenue, Neutral Bay, NSW

Currently in the market in Sydney is Colindia, north of the bridge in the sought-after Neutral Bay on the Lower North Shire.

Inspired by nature&rsquo;s organic shapes and raw textures, Colindia presents as a sculpted artform, nestled at the end of a quiet cul-de-sac.

[smartcode_project:default project_id=90627 project_image_fid=188118]

Designed by PBD Architects, Colindia&rsquo;s four levels comprise six half-floor residences crowned by a full-floor penthouse.

&ldquo;We approached these residences as a sculpted artform, inspired by natural, organic fluid forms and materials,&quot;&nbsp;Paul Buljevic from PBD Architects said

&quot;The use of curved walls creates a soft and inviting spatial experience, with masonry elements that accentuate verticality.&quot;

[smartcode_project:default project_id=90627 project_image_fid=188114]

Separated from nearby buildings, Colindia&#39;s discreet street frontage opens up to just two residences per floor, with the penthouse sweeping across a whole-floor.

The feature balustrades on the balconies also serve to create added privacy between residences.

[smartcode_project:default project_id=90627 project_image_fid=188115]

From front to back, each residence extends the full length; the open-plan living designed to maximise the space, light and views, with full-height windows creating a connection to the terraces and courtyards beyond.

4. Pillar + Tide &ndash; 41A Blackstreet, Brighton, VIC

Just moments from the buzz and flow of Church Street and the idyllic Brighton waterfront, Pillar+Tide presents 16 contemporary residences that explore the relationship between the indoor and outdoor.

Presented as a monolithic structure with two street fronts softened by verdant greenery, Pillar+Tide takes over three existing sites to create a singular vision.

[smartcode_project:default project_id=88756 project_image_fid=192665]

Shaped by award-winning architects&nbsp;Carr, the design is defined by rhythmic fa&ccedil;ade elements, robust natural materials and an abundance of space reflective of Brighton&rsquo;s local architectural context.&nbsp;

&ldquo;The design language of Pillar+Tide is shaped by both permanence and longevity,&quot;&nbsp;Carr Managing Director Chris McCue said.

&quot;The interiors are under-stated, elegant and intuitively planned, but equally integrated with unique, thoughtful and bold contemporary architecture. There&rsquo;s a deep sense of timelessness, with the use of robust natural materials and a return to quality that will delight for years and generations to come.&quot;

[smartcode_project:default project_id=88756 project_image_fid=192660]

Considerable design emphasis has gone into planning the master suite and living areas to follow a spacious and open layout, while each residence is further complemented by wrap-around gardens and lush, low maintenance landscaping by&nbsp;Acre.

A rare and sought-after corner location, Pillar+Tide puts an abundance of retail, caf&eacute;s and restaurants within easy reach, together with excellent transport connections and&nbsp;tree-lined streets.

5. Brighton Street &ndash; 8 Brighton Street, Richmond, VIC 

Later this year Fortis is expected to launch their Brighton Street project.

Just moments from the bustling Church Street and Swan Street intersection in Richmond, 8 Brighton Street has been designed by&nbsp;SJB Architects and will see apartments and commercial suites built above a modern ground floor retail precinct.

Central to the vision for 8 Brighton Street is to reflect the site&rsquo;s rich heritage context, whilst also evoking a fresh, contemporary approach to living and working.

&ldquo;The location within Richmond &ndash; along with the Activity Centre zone which permits retail, residential and commercial &ndash; is what really sets this site apart from others,&rdquo; Colliers agent Ben Baines said.

<img alt="" height="856" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-03-08_at_9.32.12_am.png" width="1478" />

The design, materials and finishes will be selected to work in seamless harmony, allowing the completed building to grow into its inner-city surroundings.

Occupying a corner site in one of Melbourne&rsquo;s most popular inner-city neighbourhoods, 8 Brighton St enjoys easy access to the CBD and key business districts. The site has three street frontages, with an abundance of amenities in its immediate vicinity.

Numerous train and tram stops are less than 200 metres away, while the site is a short walk away from caf&eacute;s, restaurants, bars, supermarkets and parks.

Construction is due to be complete on the Brighton Street site by early 2023. &nbsp;

We’ve taken a closer look at the top five developments Fortis currently have across Sydney and Melbourne.

Fortis’ top 5 apartment developments across Sydney and Melbourne in 2022

It&#39;s often written about in the media when talking about off the plan property - but what actually is a sunset clause?

Essentially, a&nbsp;sunset clause is a condition included in some contracts of sale&nbsp;to protect the buyer and seller. It effectively puts a time limit on the contract&rsquo;s validity.

Use of the sunset clause is open to the buyer or the seller, and either party can choose to invoke the clause if the expiry date has passed. If settlement has not taken place by the end date included in the contract, both parties are legally entitled to walk away and the buyer would receive their deposit back in full.

While sunset clauses may exist to offer security and protection for buyers when purchasing off-the-plan, they don&rsquo;t always pan out this way and can sometimes be manipulated, which is why being aware whether it is in your contract of purchase is crucial.

Buyers can get their money back should construction timelines blow out further than what was forecasted by the developer as per the contract.

However, while not frequent, but a much publicised practice, is developers pulling apartments back from buyers if they go over the agreed upon construction timeline. The allowance of this has seen developers drag their feet in the construction phase, so they can take the apartments back and re-sell them at a higher price than initially sold if the market has grown during construction.

That then unfortunately&nbsp;leaves the buyer without a leg to stand on. They will get their deposit back that they initially paid, and begin the hunt again, in a market where prices are potentially, 10, 20, or even 30 per cent higher than what they thought they were buying in to years earlier.

<h2>The breakdown</h2>

A sunset clause is generally used in one of two situations in off-the-plan developments.

Firstly, it is routinely included in off-the-plan property exchanges. In this context, the clause stipulates the date by which the developer must finish the project and that if it is not finished by the proposed date, the buyer is legally&nbsp;entitled to walk away from the contract and receive their deposit back in full.

Most of the time however, developments are finished well in advance of the outlined date, as developers often exaggerate the required timeframe to allow for delays.

Another time a sunset clause is often used is when a buyer makes a purchase conditional on the sale of their current home. The sunset clause is normally included here to protect the vendor, if the buyer fails to sell their current home within the timeframe outlined. In this context, a sunset clause protects the seller by offering them a way back onto the market, should the buyer take too long.

There are, however, cases where invoking the clause may be more difficult for one party than the other.

Legislation has been passed in some states to make it more onerous for building developers to invoke the sunset clause. In October 2015, the New South Wales Government legislated that a developer would require written consent from either the buyer or the Supreme Court if they wished to terminate the contract if the project was delayed. These changes have been made due to instances of some developers stalling projects when property prices skyrocket, backing out of contracts to then put the development back on the market at a higher price. The Victorian Government followed suit in 2018, preventing developers from using sunset clauses to intentionally delay building projects with the aim of exploiting buyers.

It is possible for two parties to come to a mutual agreement to extend the terms of a sunset clause.

<h2>Urban&#39;s advice</h2>

Be fully aware if there is a sunset clause in your contract. This should be discussed with your solicitor when signing the contract, and be aware of the construction date agreed upon in the contract.

As with all off the plan apartment development purchases, check the developers track record. It will be well covered if the developers has previously evoked a sunset clause and left previous buyers without their apartments.

While often as a buyer you will deal with the agent in charge of the sales, don&#39;t be afraid to call the developer if that puts your mind at east. They should have a website for the development with contact details.

At Urban we attempt to track every developer across Australia, and keep their track record on our site so buyers can see whether they have delivered previous projects.

Essentially, a sunset clause is a condition included in some contracts of sale to protect the buyer and seller. It effectively puts a time limit on the contract’s validity


What is a sunset clause in off-the-plan developments?

The very first step towards homeownership is getting your finances in order. Once you have a savings plan in place and are in control of your expenses, you&#39;ll be able to work with a broker to find out how much you can borrow and determine a reasonable budget for your new home.

We&#39;ve put together a guide to help you organise your finances prior to meeting with a mortgage broker.

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<h2>1. CREDIT RATING</h2>

Securing finance to purchase your first home is arguably easier today due to banks utilising positive credit reporting.

This means that rather than looking solely at missed payments and debts you&#39;ve failed to pay, the bank will make a note of the regular payments you&#39;ve been able to maintain successfully.

This could include utility bills, rent or even credit card or car loan payments. If you never miss a payment, it demonstrates you are financially responsible.

[smartcode_project:default project_id=28126 project_image_fid=186051]

<h2>2. DEBT</h2>

If you don&#39;t need debt, don&#39;t get it just for the credit rating.&nbsp;

If you already have outstanding debt, work towards paying it off as soon as possible, or look at consolidating your loans so that they are more manageable.&nbsp; It can be wise to engage a financial advisor to help with this.

[smartcode_project:default project_id=13262 project_image_fid=31805]

<h2>3. CREDIT LIMITS </h2>

Many people have a credit card or a bank account with an overdraft &ndash; even if you have it but don&#39;t use it, or use it and pay it off promptly, the bank will still count your limit as a monthly expense.

To reduce your monthly expenses and boost your home loan borrowing power, it can be a good idea to talk to your bank about lowering your credit limits or cancelling any unnecessary credit cards.

[smartcode_project:default project_id=3494 project_image_fid=184721]

<h2>4. DISCRETIONARY SPEND</h2>

Banks will often look at your monthly spending &ndash; that includes how much you spend on meals out, clothing, entertainment and other expenses above your regular living costs.

While rent and utility bills are non-negotiable costs, your discretionary spending can be reduced or kept to a budget.

Create a monthly budget, so it&#39;s easy for the bank to see how much you actually spend on a monthly basis. Otherwise, a few too many restaurant meals or expensive clothing items could overinflate your perceived monthly spending.

<hr />
&nbsp;

<h2>MIRVAC | FIRST HOME BUYER HUB</h2>

How do I go about buying my first home?

If this is a question you find yourself asking, use the&nbsp;Mirvac&nbsp;First Home Buyers checklist to learn the 11 key steps in the buying process for first home buyers.

<h2><a href="http://firsthome.mirvac.com/?utm_source=urban&amp;utm_medium=organic">Complete the Quiz*</a></h2>

[smartcode_project:default project_id=93788 project_image_fid=186245]

The very first step towards homeownership is getting your finances in order. Once you have a savings plan in place and are in control of your expenses, you'll be able to work with a broker to find out how much you can borrow and determine a reasonable budget for your new home.

urban.com.au

A step by step guide to getting your finances in order

Buying a brand new home can be the perfect option if you want to purchase something more bespoke that will meet your lifestyle requirements.

When you buy off-the-plan, you often get the ability to customise the look and feel of your home, choose from a selection of well-thought-out floorplans.

To understand the types of off-the-plan properties available and to decide whether an apartment or townhome would be more suitable for you, here&#39;s a breakdown of what each property type has to offer.

<h2>APARTMENTS</h2>

While apartments are most commonly found in the CBD, as demand for cost-effective housing grows, more apartment towers are cropping up in suburban areas, meaning you&#39;re less likely to have to compromise on the location of your new home.

One of the most significant drawcards of apartments is their&nbsp;amenities. Even if you purchase a one-bedroom apartment, you may have access to a suite of resort-style amenities and often ground floor retail and dining options too.

A consideration you&#39;ll need to take into account is whether you are allowed pets, what the restrictions are around renovating your apartment and what the rules are when it comes to using your property as rental or short-stay accommodation.

Another thing young families may wish to consider is whether they will need extra room in future &ndash; in that case, a larger apartment or townhome may be more appropriate.

[smartcode_project:default project_id=100322 project_image_fid=163036]

<h2>TOWNHOMES</h2>

Townhomes offer many of the same benefits as an apartment but often provide a bit more flexibility of space. They&#39;re great if you are keen on having a backyard, or if you want more privacy with fewer neighbours.

Often townhomes will come with more car parking and storage space, with slightly larger living areas and bedrooms.

Townhomes are also more likely to be dual aspect and dual storey &ndash; however, if second storey access will be problematic, then an apartment with elevator access may be a more suitable option.

[smartcode_project:default project_id=22803 project_image_fid=53579]

<h2>HOUSE &amp; LAND |&nbsp;DETACHED DWELLING</h2>

A stand-alone house has traditionally been the first pick for homebuyers across the board for their historic value retention, land and the ability for the owner to add value through renovations and adding additional bedrooms.

However, with the popularity of apartments and townhomes increasing due to the higher quality builds of multi-residential properties today, coupled with the lower entry point &ndash; traditional housing is seeing some competition in the market.

Buying a brand new detached dwelling within a masterplanned community can give you the best of both worlds.

With access to world-class amenities, high spec finishes and a burgeoning community, this can be a fantastic option for buyers wanting to buy a brand new home but also live in a part of a well-designed community.

At Urban, we have seen increases in demand for apartments, and townhomes, with both proving to be a cost-effective and viable option in the current competitive market.

Whether you opt for a low maintenance apartment, a flexible townhome, or a detached dwelling with the potential to add value, the home you move into will be brand new.

[smartcode_project:default project_id=28168]

<hr />
&nbsp;

<h2>MIRVAC | FIRST HOME BUYER HUB</h2>

If this is a question you find yourself asking, use Mirvac&#39;s checklist to learn the 11 key steps in&nbsp;the buying process for first home buyers.

<h2><a href="https://firsthome.mirvac.com/?utm_source=urban&amp;utm_medium=organic">Complete the Quiz*</a></h2>

[smartcode_project:default project_id=93788 project_image_fid=186245]

To understand the types of off-the-plan properties available and to decide whether an apartment or townhome would be more suitable for you, here's a breakdown of what each property type has to offer.

How to Choose the Perfect Property Type: Apartment, Townhome or House?

Since 1924, Frasers Property Australia has created stronger, smarter, happier neighbourhoods. It has developed residential land, housing, and apartments and delivered over 140,000 homes.

It seeks to work sustainably to ensure the places we create leave a positive environmental legacy and enhance the way people live life together.&nbsp;

Frasers Property in Australia has certified over 5.6 million square metres of Green Star space across our communities, and their commitment to reduce carbon has been approved by the global Science-Based Targets initiative.&nbsp;

Urban recently caught up with&nbsp;Cameron Leggatt, Executive General Manager, Development at Frasers Property Australia, to discuss the o​ff the plan apartment market.

JC: How have you viewed the performance of the of​f the plan market in 2021, and what are the strongest positive and negative factors that will influence outcomes in 2022 and 2023?

CL: In new communities, while the market for land and townhomes has dominated growth, off th​e plan apartments have also performed with considerable strength in 2021. The pandemic has legitimised working from home and this has meant select regional and coastal locations have led the way.

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In particular, apartment markets such as the Gold Coast and Sunshine Coast have performed well, while for Frasers Property Australia, the Shell Cove community on the NSW South Coast that we are creating with Shellharbour City Council has enjoyed strong conditions.

Obviously the CBD and near-city markets in Sydney and Melbourne have experienced greater challenges, with the lack of migration and students being felt most sharply. Nevertheless, sales are still occurring and both owner-occupiers and investors are active.

In Sydney, we&rsquo;ve experienced strong sales at Midtown MacPark in Macquarie Park and at Ed.Square in south-west Sydney, while in Melbourne the final stage of our Carlton project and the final two stages of Burwood Brickworks have been met with a strong response from buyers.

[smartcode_project:default project_id=29969 project_image_fid=159036]

Looking ahead, much will hinge on the continuance of the low interest rate environment and the return of migration as a demand factor, including the return of international students. Affordability will remain a concern and with the coming election, the market awaits firm policy options in this area.

As long as rates remain low, as the Reserve Bank has suggested they most likely will through 2022 and 2023, demand will be supported. More recently there has been speculation that the Reserve Bank&rsquo;s hand may be forced earlier, but to date they have indicated they intend to maintain the course unless macro conditions shift significantly.

The increased gap in values between houses and apartments, exacerbated through the 2021 boom, makes apartment living more attractive to owner-occupiers, including first home buyers and families. This is being complemented by the return of investors to ensure demand for quality projects remains diverse, which is especially advantageous for apartments in areas of low supply.

[smartcode_project:default project_id=5995]

Should values moderate this could impact investor appetites, with areas subject to increased supply potentially most impacted.

Most important is the need for communities offering apartments to also offer complementary lifestyle amenities, to create a point of difference and a unique value proposition. Connected communities which provide a high level of amenity with a masterplan emphasising positive urban design outcomes can be expected to continue to achieve strong sales in the years ahead.&rdquo;

JC: What trend (short term or long term) has prompted your greatest enthusiasm for the apartment market, and what is the issue of most concern to you and or your buyers?

CL: Apartment buyers are increasingly attracted to high amenity communities which offer choice, quality, lifestyle and sustainable outcomes. Sites and opportunities in which we can apply a community development and place-making focus to create belonging are those we&rsquo;re most attracted to.

[smartcode_project:default project_id=5995 project_image_fid=78736]

Of course, the potential for ongoing disruption resulting from COVID-19 remains a concern for the industry, as it does for all industries.&nbsp;The impacts of border closures in reducing investor demand, shutdowns impacting schedules, and supply chain blockages that increase price and ultimately put pressure on the commercial viability of future stages and projects, are all potential concerns as we embark on the long-term recovery.&rdquo;

JC: Has urbanisation stalled amid the rush to the regions and what will it look like over the decade ahead?

CL:&nbsp;Closed borders aside, population growth is still a reality and as this growth continues over the coming decade, so will further urbanisation.&nbsp;

The evolution of flexible working is here to stay and provides people with greater housing choice further from capital cities but the innate desire for people to live in vibrant urban environments, with easy access to amenity in locations with strong lifestyle attributes and access to good infrastructure, still remains.&nbsp;

This will continue to drive urbanisation and regentrification. We may see urbanisation become more competitive, with certain areas and projects needing to elevate their desirability as a housing destination, which would be a positive outcome supporting better mixed-use outcomes.&rdquo;

JC: How important do you view the push for sustainability practices in the apartment market, and what initiative has seized your interest or focus?

CL:&nbsp;Through fostering resilient communities, carbon-reducing initiatives, responsibly sourcing services and materials, providing clean energy, using green finance and being accountable to ourselves and our customers using independent tools and ratings, we contribute to a better, cleaner future.

We have established a roadmap to target net zero by 2028 and this will require a coordinated series of measures and initiatives, with our apartment projects to play a pivotal role.

All our buildings are Green Star certified and we have a range of recent projects to draw learnings from. For instance, we recently completed the first certified Passive House by a volume developer at Life, Point Cook in Melbourne. At Minnippi Quarter in Brisbane, we devised a formula to calculate embodied carbon to offer customers an offset option in another industry-first initiative, called Build Neutral.

[smartcode_project:default project_id=27139 project_image_fid=77326]

Real Utilities, Frasers Property Australia&rsquo;s licensed energy retailing business, provides Climate Active-certified carbon neutral energy to residential, commercial, and retail customers, while in Melbourne we&rsquo;ve created the world&rsquo;s most sustainable shopping centre, the Living Building Challenge&reg; Petal-certified Burwood Brickworks.

Customers expect better sustainability outcomes in an environmental and social sense, and this aligns with our holistic view of sustainability and our commitment to maintain our global leadership in this space.

Frasers seeks to work sustainably to ensure the places we create leave a positive environmental legacy and enhance the way people live life together. 



jchancellor-FAypfDUnLy

"Apartment buyers increasingly attracted to high amenity communities": Five minutes with Frasers Property Australia's Cameron Leggatt

Colliers Residential Managing Director Peter Chittenden says the quality of apartments year on year is continuing to improve to satisfy consumer demand.

And a big move by developers has been the high-end design in the CBD, which has seen&nbsp;locals drive sales in premium central apartment projects.

They&#39;ve seen big demand for 111 Castlereagh Street, the residential apartment tower atop the former David Jones department store, despite the high price tag.

The cheapest units are one-bedrooms start at about $3 million, while four bedroom units start from $13.5 million.

[smartcode_project:default project_id=94354 project_image_fid=170433]

Urban recently caught up with Chittenden&nbsp;to discuss the trends emerging in the apartment market.

JC: How have you viewed the performance of the apartment market (established and or off the plan) in 2021, and what are the strongest positive and negative factors that will influence outcomes in 2022 and 2023? 
&nbsp; 
PC: The market across both 2020 and 2021 have been impacted by Covid-19. However, 2021 surely experienced a more significant Covid-19 &lsquo;interruption&rsquo; in terms of inspections but in saying that the quality of enquiry was almost unprecedented when it related to sales volumes. 
&nbsp; 
In 2021, the best performers in terms of developments and sales agents, were those who took to a more inquisitive approach when qualifying buyers, ensuring a deeper product and market knowledge, utilising new and innovative technology and having a wiliness to completely change the sales path and interactions all the way through to exchange.&nbsp; 
&nbsp; 
We also saw the gap widen between houses and apartments through to off the plan, more than in the last decade, which has resulted in new geographic markets, opening up for other product types such as apartments.

[smartcode_project:default project_id=94354 project_image_fid=170427] 
&nbsp; 
Looking ahead to 2022 &amp; 2023, for apartments year on year the quality improves to satisfy consumer demand, desire and expectations of the greater market pool of buyers. In 2022 and beyond we expect to see more designs and sales of the super-premium apartments in prime CBD, beachside locations. 
&nbsp; 
The acceptance of technology as a non-contact means to undertake a detailed inspection will improve even more, as more people adapt, therefore giving us greater range of potential purchasers both across Australia and overseas. We will also see CBDs across the country and neighbouring regional areas continue to grow due to lifestyle choices and desires. 
&nbsp; 
Some of the negatives will be a reduction in the amount of developers in the market place, putting pressure on stock as well as the cost of construction increasing every 90 days due to lack of labour and supply materials. 
&nbsp; 
JC: What trend (short term or long term) has prompted your greatest enthusiasm for the apartment market, and what is the issue of most concern to you and or your clients? 
&nbsp; 
PC: The trend of the super-premium coming back into the CBD purchased and supported by local buyers (super-premium defined as apartment at 45,000 a meter and above). 
&nbsp; 
Another trend is that Sydney city will change in ways and at a speed we have never seen before. We predict the physical engagement with retail will go back to be a more important part of people&rsquo;s lifestyle and day to day activities.

[smartcode_project:default project_id=94354 project_image_fid=170432] 
&nbsp; 
Offices will be occupied by different users and will become a more activated 7 day a week living and working environment due to a more considerate and understanding authorities to encourage people to return to this city. 
&nbsp; 
JC: Has urbanisation stalled amid the rush to the regions or what will it look like over the decade ahead? 
&nbsp; 
PC: In short, no. There is an undersupply of housing apartment stock throughout our capital cities. This is a fact - due to the volume of sales across 2020 and 2021 in particular, and what we expect moving forward. 
&nbsp; 
The rush to regions is simply the dream coming true, that has been embedded in our thinking for quite some time, that you can have flexible work hours and still be productive. Being forced to work from home has taught us all about new and acceptable ways to work, train, inspire and live our lives. 
&nbsp; 
In 10 years&rsquo; time, we see the greater Sydney catchment for jobs and residential will include extended areas up to Newcastle and Wollongong, giving people greater choice of living and working environments. With this growth, there will no longer be the stigma &ldquo;brain drain&rdquo; that may have once been associated with living in a more regional area.

[smartcode_project:default project_id=94354 project_image_fid=170426] 
&nbsp; 
JC: How important do you view the push for sustainability practices in the apartment market, and what initiative has seized your interest or focus?&nbsp; 
&nbsp; 
PC: Being environmentally conscious is important everywhere and all the time - that should be the first consideration.

Increasing numbers of people are enquiring about more sustainable living options when considering their next purchaser, however whilst they want it &ndash; they still want to make sure it is cost-effective.

It is something developers always discuss, however it also needs to be delivered in a cost-effective way for them. In saying that, in the future, we do believe this will be led by government authorities and should be something that is considered where possible in all developments.

A big move by developers has been the high-end design in the CBD, which has seen locals drive sales in premium central apartment projects.



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