Luxury apartment developer Abadeen has recorded $19.25 million in apartment sales across two of its Lower North Shore developments in the lead-up to the end of the financial year, headlined by the sale of a $6.75 million penthouse at <a href="https://www.apartments.com.au/buildings/koyo-crows-nest-5-rodborough-avenue-crows-nest-nsw-2065">KOYO in Crows Nest.</a>

The transactions also included the sale of a newly completed three-bedroom apartment at <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences in Cremorne</a> for $6.35 million, with the residence selling shortly after the project's first public inspections following completion.

The sales come as completed, owner-occupier-focused apartments continue to attract strong demand across Sydney's Lower North Shore, particularly from buyers looking for certainty and immediate occupancy.

The penthouse at KOYO spans 491 sqm across a single level and was designed by architect Koichi Takada. The development is one of Abadeen's flagship boutique projects in Crows Nest.

[smartcode_project:default project_id=108800 project_image_fid=370093]

Abadeen Executive Chairman and Founder Justin Brown said buyer activity lifted noticeably in the lead-up to the end of the financial year.

"We saw a clear increase in enquiry levels, inspection numbers and buyer engagement across our completed projects leading into the end of the financial year," Brown said.

"Buyers have become far more decisive over the past six months. The combination of improving confidence, limited supply and the ability to physically inspect completed residences is creating strong competition for premium apartments in the best locations."

Brown says the&nbsp;response to Park Residences following completion has been particularly strong.

"Buyers want certainty and are responding positively to the opportunity to walk through a finished product, inspect the quality firsthand and move in immediately," Brown suggested.

"Projects such as Park Residences and KOYO demonstrate that when the product is exceptional and the location is irreplaceable, buyers are prepared to act quickly."

[smartcode_project:default project_id=114246 project_image_fid=370116]

Abadeen CEO Joe Tack said quality continued to differentiate projects in the current market.

"Today's buyers are incredibly discerning," Tack said.

"They are seeking larger floorplans, premium finishes, walkability, lifestyle amenity and confidence in the developer delivering the project. Well-designed boutique developments continue to outperform because they offer something genuinely difficult to replace.

"The enquiry we are seeing across our completed and recently completed Lower North Shore portfolio is very encouraging, and we expect this momentum to continue into spring."

The sales follow increased enquiry across Abadeen's Lower North Shore portfolio which also includes <a href="https://www.apartments.com.au/buildings/northcote-collective-naremburn-2-northcote-street-naremburn-nsw-2065">Northcote Collective in Naremburn</a> which also completed recently.

Joel Robinson

KOYO penthouse headlines Abadeen's $19.25 million EOFY sales flurry

The City of Sydney has approved plans for <a href="https://www.apartments.com.au/developers/billbergia">Billbergia Group</a> and Metrics Credit Partners’ $3.5 billion Castlereagh Place project in the heart of the Sydney CBD

The towers will be among the tallest in <a href="https://www.apartments.com.au/developments/sydney-nsw-2000">Sydney</a>'s CBD, with more floors than any other residential tower in the city.&nbsp;

The 6,000 sqm site was acquired by the joint venture partners in 2024. It is the largest amalgamated land parcel in the Sydney CBD and comprises eight individual sites fronting Castlereagh, Pitt and Liverpool Streets.&nbsp;

<a href="https://www.apartments.com.au/new-apartments/castlereagh-place-sydney-324-348-pitt-street-sydney-nsw-2000">Castlereagh Place</a> will transform an underutilised city block into a landmark mixed-use destination, anchored by two 82-storey towers comprising 607 luxury residences above an 8-level podium housing a 209-room luxury hotel. A 1,000 square metre civic park on ground level features a curated mix of food, beverage and retail.

The plans have been refined over the past year to rebalance the residential and hotel offering, and reconfigure the retail footprint to create a stronger, more dynamic dining experience.

A three-level flagship building on the prominent corner of Pitt and Liverpool Streets will be the gateway to the Castlereagh Place lifestyle precinct. Set to become a Sydney icon, the building is capable of housing multiple hospitality venues.

“Castlereagh Place is designed to be the City's next great urban oasis - an energetic mixed-use precinct that pulses with life, day and night,"&nbsp;said Joseph Kinsella, Group Director of Billbergia.

"It will bring the vibrancy of places like Barangaroo and Darling Quarter into a more accessible, central destination at the very heart of Sydney."

Kinsella said the project will build on&nbsp;Sydney’s growing laneway culture with the City’s largest network of new activated lanes - an expanded, next-generation take on precincts like Angel Place, Palings Lane and Ash Street in Wynyard.

[smartcode_project:default project_id=134477 project_image_fid=374401]

Castlereagh Place has been designed by architects <a href="https://www.apartments.com.au/architects/fjc-studio">fjcstudio</a> in collaboration with Trias Studio, Aileen Sage and Polly Harbison Design, joint winners of an international design competition in 2018.&nbsp;

Signature design elements from the original scheme remain unchanged, while the public domain has been significantly enhanced, delivering 60 per cent more open-to-sky space.

Pedestrian access will also be enhanced through new laneways linking Pitt, Liverpool and Castlereagh Streets, drawing people into a new civic park with outdoor seating, landscaping and integrated public art.

With activated laneways supported by strong hospitality offerings, Castlereagh Place is tipped to become a vibrant new dining destination in the heart of Sydney’s CBD.

It marks the largest undertaking to date for the Billbergia and Metrics Credit Partners partnership. Together they are developing other underutilised Sydney sites into mixed-use precincts, including the $2.2 billion Concord Central and the $1.3 billion Chatswood Grand Residences.

Metrics Managing Partner and Group CEO Andrew Lockhart said Castlereagh Place is a landmark project that will redefine Sydney’s skyline.

"As the tallest residential high-rise development, the revitalised site will offer panoramic views across the CBD and surrounds. We are excited to partner with Billbergia to reinvigorate an underutilised site and create a sophisticated and contemporary mixed-use offering situated in the heart of Sydney.”

Total apartments within the towers have increased to 607 dwellings, with a focus on larger floorplans. Aligned to growing market demand, Castlereagh Place now comprises 299 three-plus-bedroom apartments, 198 two-bedroom units and 110 one-bedroom configurations.

[smartcode_project:default project_id=134477 project_image_fid=374402]

Resident amenities will include an exclusive residents club containing a gym, rooftop pool, dining rooms, co-working spaces, library, golf simulator, games room, cinema room, and access to an exclusive concierge service. There will be around 500 basement car spaces below the towers.

The development will also include a state-of-the-art wellness centre, set to feature a bathhouse with magnesium pools, hot/cold plunge pools and premium amenities.

&nbsp;

According to fjcstudio, the towers will feature distinctive yet elegant architectural design reflecting Sydney’s geometry and urban character, with a network of through-site links and intimate public spaces activating the streetscape.

"Castlereagh Place is a city-making project of significant scale and ambition," said Richard Francis-Jones, Design Director at fjcstudio.

"It will create a rich urban complex of public open spaces, landscaped gardens, and vibrant laneways. Defining these new public spaces and the important streetscape of Castlereagh Street is a sequence of fine-grained, diverse retail and hotel architecture designed in collaboration with Aileen Sage, Polly Harbison Design and Trias.

“Rising above the tree-lined, human-scale streetscape are two slender residential towers that will transform the city skyline and look towards the Harbour, Hyde Park, and the Royal Botanic Garden.”

Demolition and early construction works have commenced onsite at Castlereagh Place.

[smartcode_project_cta:default project_id=134477]

Billbergia, Metrics, approved for $3.5 billion Sydney skyscrapers

International developer&nbsp;<a href="https://www.apartments.com.au/developers/spg-land">SPG Land</a> is preparing to re-launch its long-awaited $1.5 billion <a href="https://www.apartments.com.au/new-apartments/paradiso-place-surfers-paradise-103-ferny-avenue-surfers-paradise-qld-4217">Paradiso Place</a> development at Budds Beach, bringing a new price point to the Surfers Paradise apartment market.

The developer will release one-bedroom apartments from $825,000 and two-bedroom apartments from $1.24 million in the three-tower development.

According to Urbis, the starting price for the two-bedroom apartments is more than $400,000 below the weighted average sale price for comparable two-bedroom apartments in Surfers Paradise during 2025, which was pinned at $1.7 million.

&nbsp;

Urbis reported quarterly average sale prices for new two-bedroom, two-bathroom apartments ranged from around $1.2 million to $1.7 million throughout 2025, peaking in the December quarter.

[smartcode_project:default project_id=106566 project_image_fid=185853]

Paradiso Place is now moving into its formal sales campaign, with a limited early-release opportunity available ahead of the public launch.

The development will comprise 845 apartments across three towers rising 40, 41 and 44 storeys from a 1.15-hectare site spanning an entire city block. The towers will sit above a new retail precinct.

"Paradiso Place represents a rare opportunity in today's market, offering premium apartments at a price point that is significantly more competitive than anything else currently available," SPG Land Sales Director Brad McMahon said.

"When you look at comparable new developments across Surfers Paradise, Main Beach and the Southern Beaches precinct, buyers are typically paying hundreds of thousands more for a similar product.

"The scale of this project and the developer-builder construction model allows us to unlock efficiencies that smaller developments simply cannot achieve. We are passing those benefits directly to buyers, while still delivering a five-star residential experience with an unmatched lifestyle."

[smartcode_project:default project_id=106566 project_image_fid=374280]

Each of the three towers designed by Rothelowman will have its own podium, connected by an elevated skybridge network to create a beachside village for residents. The resident amenity has been designed to rival a five-star hotel, with private dining rooms, resident lounges and entertainment spaces.

McMahon said the pricing strategy was a deliberate response to the current market.

"What Paradiso Place offers is a unique balance, genuine value within a premium market. Buyers are not compromising on quality, design or amenity, they are gaining access to it at a more competitive price point at a time when prices across the Gold Coast continue to reach new highs."

[smartcode_project:default project_id=106566 project_image_fid=362498]

Located around 100 metres from the beach and within walking distance of the Surfers Paradise North light rail station, Paradiso Place occupies one of the Gold Coast's most tightly held beachfront precincts.

Construction is continuing to progress, with eight of the project's 112 foundation piles now complete. Excavation has also commenced on the first diaphragm wall panel, with the first concrete poured on 15 June, marking a key milestone in the project's early works program.

[smartcode_project_cta:default project_id=106566]

SPG Land launches $1.5 billion Paradiso Place at attractive price point

Luxury developer-builder <a href="https://www.apartments.com.au/developers/lowe-living">Lowe Living</a> has achieved a new Victorian benchmark for an off-the-plan apartment, with the sale of two penthouses at its ultra-exclusive Maison Savoy development in Brighton.

The two penthouses achieved a combined sale rate of $49,926 per sqm. Both transactions eclipsed the previous identified Victorian off-the-plan price-per-square-metre benchmark, set by the 449 sqm apartment at Como Toorak, which sold at $46,659 per sqm.

[smartcode_project:default project_id=140818 project_image_fid=366473]

<a href="https://www.apartments.com.au/new-apartments/maison-savoy-brighton-150-esplanade-brighton-vic-3186">Maison Savoy</a>, Lowe Living's redevelopment of the former Brighton Savoy Hotel on absolute beachfront land at 150 The Esplanade, Brighton, has gained significant momentum since launching just eight weeks ago. Around 30 per cent of the project's 19 residences have already been secured, generating approximately $45 million in sales.

"Securing two of the three penthouse sales at this stage, within eight weeks of launching to market speaks to the confidence our clients place in Lowe Living," Lowe Living co-founder Emma Lowe said.

"They know we'll be with them through every stage of the journey, and that assurance is something we've worked hard to earn and never take for granted."

[smartcode_project:default project_id=140818 project_image_fid=366474]

Lowe said Maison Savoy was conceived as a genuine alternative to a prestige Brighton home, combining house-scale proportions with the convenience, security and lock-up-and-leave appeal of apartment living.

Lowe Living co-founder Tim Lowe said the early sales success demonstrated the resilience of Melbourne's prestige market and highlighted the growing demand for house-sized apartments among ultra-high-net-worth buyers.

"The Melbourne market has definitely been tested in recent years, with interest rates and global economic factors all creating a period of uncertainty across the real estate sector. The sales success at Maison Savoy however demonstrates that confidence remains exceptionally strong at the top end of the market.

"The prestige market is being driven by long-term lifestyle decisions rather than short-term market sentiment, which continues to create a level of certainty that befits an absolute beachfront property in a blue-chip location like Brighton.

"Brighton's fundamentals remain among the strongest in Melbourne, with limited new supply, enduring demand from an overwhelmingly local owner-occupier market, and a rare combination of beachfront amenity and proximity to the CBD."

[smartcode_project:default project_id=140818 project_image_fid=374378]

According to Cotality, Brighton remains one of Melbourne's most tightly held prestige suburbs, with an average ownership tenure of 15.3 years for houses and 12.3 years for units, while more than 73 per cent of homes are owner-occupied.

Tim Lowe said selling two of the project's three penthouses so early in the campaign was an uncommon result.

"This sales result is a reflection of quality and understanding the local market. It's incredibly rare to transact the penthouses so early in a sales campaign in any project so to have sold two of the three penthouses at Maison Savoy so soon after launch, all in-house without any external sales agency appointed, is reflective of our careful consideration of our buyers' needs and lifestyle.

"This is knowledge that is accumulated not just from data and demographic analysis, but via a deeply embedded understanding of how this type of buyer wants to live and feel in their home. We pride ourselves on getting to know our clients personally, and over the last 10 years we have been able to refine our product offering by talking one-on-one with our clients about their design and floorplan preferences.

"Being a fully integrated developer-builder with an in-house design and sales team allows us to lead every part of the process and ensure the highest quality of product and service at every touchpoint. It's a really important part of our DNA and the recent sales success at Maison Savoy indicates that our clients and purchasers are resonating with this point of difference.

"It reinforces that demand remains strong for thoughtfully designed residences that offer rarity, lifestyle and long-term value in tightly held locations, which ultimately validates Maison Savoy's positioning as creating a new benchmark for house-scale, wellness-led apartment living on Brighton's beachfront."

&nbsp;

[smartcode_project:default project_id=140818 project_image_fid=366480]

The residences at Maison Savoy start from 295 sqm, with most enjoying uninterrupted views across Port Phillip Bay. The project sits moments from the Brighton Bathing Boxes, Royal Brighton Yacht Club, Middle Brighton Baths and Church Street's retail and dining precinct.

A key feature of the development is its private residents-only bathhouse, curated by the founder of Aurora Spa &amp; Bathhouse and modelled on traditional European bathing rituals and the award-winning Sorrento bathhouse.

The wellness offering includes a hydrotherapy pool, salt room, sauna, steam room, cold plunge pool, foot activation zone and a Vichy rainfall bed, one of only a handful in Australia. Residents will also have access to a Technogym studio, lounge spaces and a dedicated concierge service offering everything from morning coffee delivery and restaurant bookings to dry cleaning and home coordination.

"Wellness-led design has become a defining factor for luxury buyers," Emma Lowe said.

"Purchasers increasingly value homes that enhance wellbeing through thoughtful design, private amenity, privacy and liveability."

The penthouse purchasers are now undertaking a bespoke customisation process curated personally by architect Pete Kennon and the Lowe Living team, one of the developer's signature service offerings.

Construction on the $160 million transformation of the former Brighton Savoy Hotel site commenced last month, with completion expected in early 2028. The project has secured funding from NAB alongside development partner Monark.

Just one penthouse remains available, along with a limited number of two and three-bedroom residences starting from $3.75 million.

Lowe Living currently has eight projects on the market across Melbourne and recently celebrated its 10th anniversary, having grown a $1 billion development pipeline alongside a $350 million construction pipeline.

&nbsp;

[smartcode_project_cta:default project_id=140818]

Lowe Living set new Melbourne off the plan apartment record

For more than three decades, Hyecorp has been delivering residential projects across Sydney's Lower North Shore, building a portfolio centred on design-led apartment living in some of the city's most established neighbourhoods.

Hyecorp recently launched the latest in its long line of apartment developments, Celine, a 29-storey tower on Archer Street in Chatswood. Like the majority of the developer's projects, Celine caters to a broad buyer demographic, offering a mix of one, two, three and four-bedroom apartments, all designed with owner-occupiers in mind.

Functionality and flexibility are often buzzwords in the new apartment market, but they sit at the core of Hyecorp's design philosophy.

Hyecorp Joint Managing Director Stephen Abolakian says the developer understands it isn't designing apartments for today's needs alone, but for how buyers will live several years into the future.

"When we launch our projects we need to be aware that these developments aren't finished for several years," Abolakian says.

"That home office in the here and now might be a nursery by the time the project completes for a prospective buyer, so we need to think about how the apartment spaces function for future uses so there's longevity in the ownership."

Celine's architects, Fuse, followed the same philosophy, saying the design extends well beyond aesthetics.

"Celine focuses on timeless architectural form and functionality, with a strong emphasis on light, proportion and materiality. The design responds to the urban context of Chatswood while delivering calm, highly liveable interiors that feel both contemporary and enduring. The floorplans have been carefully resolved to maximise usability and outperform typical market offerings in terms of efficiency and liveability."

Most apartments incorporate multipurpose rooms designed for flexibility. Each includes an integrated desk and a standard Murphy pull-down single bed, allowing the space to transition from a home office or study to guest accommodation as needs change. The layouts have also been designed to maximise natural light, storage and overall functionality.

One and two-bedroom apartments feature Miele appliances, while three and four-bedroom residences are appointed with integrated Gaggenau appliances and Taj Mahal stone benchtops.

Buyers who purchase early in the construction process can also take advantage of Hyecorp's "Live Your Way" interior design service, allowing them to personalise finishes and tailor elements of their home to suit their own lifestyle. It's a feature designed to appeal to owner-occupiers who want their apartment to feel uniquely theirs from the day they move in.

[smartcode_project:default project_id=149594 project_image_fid=362614]

While flexible floorplans have become a hallmark of Hyecorp's apartment design, the developer has also continued to place significant emphasis on resident amenity.

As buyers increasingly expect more from apartment living, shared spaces have evolved beyond a gym and barbecue area. They are now an extension of the home, providing spaces to relax, exercise, entertain and connect with neighbours.

At Celine, the resident amenity has been designed with a focus on wellness, centred on the level six podium. An infinity-edge swimming pool, spa, sauna and fully equipped gym are complemented by barbecue facilities and a residents' lounge, creating a range of spaces for relaxation, recreation and social connection above the streets of Chatswood.

Practical conveniences have also been integrated throughout the building, including EV charging provisions, smart parcel lockers, bicycle storage, a pet wash station and dedicated car wash bays, reflecting the project's focus on making everyday living as seamless as possible.

[smartcode_project:default project_id=149594 project_image_fid=362633]

"Celine has been designed to deliver a refined residential experience that reflects the evolution of Chatswood into a premium urban centre,"&nbsp;Abolakian says.

"With over 30 years of experience delivering projects across Sydney's Lower North Shore, Hyecorp brings a deep understanding of what local buyers value. Every detail has been considered to balance luxury, functionality and long-term liveability. This is not just about apartments, but about creating a lasting residential address for discerning buyers."

Hyecorp, vertically-integrated builder-developer, is anticipating construction commencement later this year.

[smartcode_project_cta:default project_id=149594]

Hyecorp brings 30 years of Lower North Shore experience to Celine in Chatswood

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

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

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

The inflation result the property market was waiting for

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The Parramatta office market will struggle to keep up with demand due to an influx of white collar workers and undersupply in the area, according to Colliers International. 
The real estate agency cited a Deloitte report — ‘Designing Western Sydney’ — that emphasises the need to create 200,000 new jobs in the region by 2020, to address unsustainable worker transport challenges. 
Most of the demand for space is likely to come from the catalyst industries such as health, higher and international education, professional services (in particular through the financial services sector and public sector) and cultural and creative industries, the report said.
If participation and education attainment levels in the region are improved, these workers could contribute an additional $32 billion to Australia's economy, the report says.
Western Sydney is the country’s third largest region in terms of contribution to GDP and one in 10 Australians already live in the region with one million more expected by 2031.
A large proportion of demand for space is likely to come from the catalyst industries such as health, higher and international education and professional services, said Theo Psychogios from Deloitte Access Economics.
“Parramatta, labelled ‘Sydney’s Central city’, remains the main white collar employment catchment area for the Greater Western Sydney region,” said Kristina Mastrullo, associate director of research at Colliers International. 
As Deloitte expects an additional 200,000 jobs created in Western Sydney by 2020, Parramatta is be the area that will host a large majority of these workers.
“With the level of pre-commitment to be experienced, we expect the commercial core of Parramatta to expand through new development supply to accommodate these future workers,” said Mastrullo.
Up to 2,400 white collar workers have been added to the Parramatta office market within the last 12 months, according to Colliers International research.
“As a result of government decentralisation, lack of new supply, and the displacement of tenants due to conversion to other uses, Parramatta’s total vacancy is now one of the lowest nationally,” said Alex Brown, director of Office Leasing at Colliers International, Parramatta.
 “With the vacancy rate in the first half of 2017 at 4.3%, and A Grade vacancy remaining at zero percent, tenants have been faced with limited choice. This has resulted in landlords being able to achieve increased net effective rents throughout 2017.”
Brown cited an example where one landlord secured a rent of $420 per sqm net in March 2017, and then in July 2017 secured rents of $480 sqm net for similar space in the same building which was “a considerable increase in a short space of time.”
New supply in Parramatta has been limited. The first stage of 1 Parramatta Square opened in January 2017, being fully committed to the University of Western Sydney.
Other developments such as 105 Phillip Street (picture above) and 3 Parramatta Square have been 100% pre-committed from non-Parramatta tenants. These developments, projected for completion between 2019 and 2021, will bring an additional 149,550 sqm of prime space to the office market, 104,000 sqm of which is pre-committed. 
“Parramatta is currently lacking in prime quality space and with this level of pre-commitment over the next 3 years, vacancy is only expected to tighten. Over the next three years to January 2022, total market vacancy is expected to reduce to sub-3%, from a current vacancy of 4.3%. This is forecast to cause an increase in rents, especially in B grade stock as prime grade assets are secured prior to completion,” said Kristina Mastrullo.
Although the market remains tight, Parramatta Council is attempting to solve the issue of undersupply in the area.
“Parramatta Council’s recent decision to modify 8 Parramatta Square’s use from Residential to 71,000 square meters of office space reflects the confidence in the commercial leasing market,” said Alex Brown.
“Notable vacant space is likely to become available in 2020 and 2021 with several tenants expected to relocate to new opportunities including Parramatta City Council, The Office of State Revenue, and Department of Planning and Environment, which will provide up to 15,000 square metres of backfill space. CBA is due to vacate 101 and 150 George Street in 2022 creating approximately 40,000 square metres of backfill space,” Alex Brown said.
“This low vacancy rate has had a flow-on effect to other Western Sydney markets including Rhodes and Sydney Olympic Park. As a result many tenants that we are looking after are being required to consider these neighbouring markets due to the lack of availability in Parramatta.”
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jonathanchancellor-7SQnKwU6yx

Parramatta office market likely to struggle to keep up with demand: Colliers

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A fully leased childcare centre in Mornington has been listed for auction on November 17.
The <a href="https://www.realcommercial.com.au/property-retail-vic-mornington-502594294" target="_blank">18-20 Fleet Street</a> property comprises a 400 sqm building on a 1,200 sqm  site and is close to the town centre. 
The property will be sold subject to a five-year lease at a current net annual rental of $58,000 with 4 per cent annual increases.
It is being marketed by Teska Carson’s Fergus Evans and George Takis.
“The centre has been built in a perfect location for working parents looking for an easily accessible childcare centre and one which offers the best facilities for their children,’’ Evans said. 
He added that said the “entry level’’ investment offered a secure lease profile in a government-backed industry in an excellent location and with the potential for future development.
Takis said Mornington had recently emerged as one of the most sought after bayside investment locations in Melbourne.
“Childcare is one of Australia’s strongest growth industries and that fact will not be lost on the growing local investment community,” Takis said. 
Earlier this month, a securely leased retail property at 185 Main Street in Mornington sold at auction for $2.2 million on a yield of 3.86 per cent.
Several weeks earlier a retail property at 157 Main Street sold at auction for $2.9 million on a 3.52 per cent yield.
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Childcare centre in Mornington to go under the hammer

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Rental yields for new apartments in Adelaide City, or the innermost locality of Greater Adelaide,  are beating Melbourne and Sydney, according to the latest Urbis Intelligence Report.
Adelaide City has a unit rental yield of 5.4 per cent, which is 0.9 per cent higher than Metropolitan Adelaide’s average of 4.5 per cent.
Metropolitan Sydney has an average gross yield 3.8 per cent while Metropolitan Melbourne has 4.1 per cent gross yield, according to data sourced from APM PriceFinder.
“Adelaide is very affordable compared to other Australian cities and the yields are also outpacing their eastern seaboard counterparts,” said Alex Stuart, associate director at Urbis.
Stuart added that Adelaide’s CBD apartment market was booming with buyers cashing in on the boom times.
Both owner occupiers and investors are active, with West Franklin witnessing multiple purchases.
The first stage of West Franklin is located on the corner of Elizabeth and Franklin Streets and has 271 apartments spread across two towers of 20 and 18 storeys each.
The project is also close to the bio-medical precinct, China Town and Central Markets, which would mean strong rental demand.
APM PriceFinder’s data also shows that Adelaide City’s new apartment products are attracting significantly higher weekly rental rates.  
The median weekly rental rate for new one and two bedroom apartments are higher than existing apartments.
For a one-bedroom unit, the median weekly rental rate is $380 per week, which is 21 per cent higher than an existing one bedroom apartment ($315).
Similarly, new two-bedroom apartments have a median rental of $460, well above the $430 for existing apartments.
“Over the past five years, the new apartment market in Adelaide has been strong with population growth having helped underpin demand in the inner city,” Stuart added, pointing to a trend towards higher density living. 
Jobs are increasingly located in the city centre which is where professionals like to live.
Residential facilities in the podium area, adjoining the two towers include a wet edged pool, gym, a landscaped barbecue area exclusive cinema and shared library/office.
The north tower’s level 20 boasts a roof top terrace and bar, indoor/outdoor seating and fireplace for residents.
Construction is underway with Stage one due to be completed early 2019.
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j.ballantyne1990-6AQqhLzZaK

New apartments in Adelaide CBD area fetch higher rental yields than Sydney, Melbourne

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Beaconsfield is the fastest selling Sydney locality to sell units, according to Investar’s latest report.
The property data firm says that units in Beaconsfield stay on the market for 26 days before being sold.
This is followed by Fairlight with 41 days and Clovelly with 50 days.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="76">
Suburb
</td>
<td valign="top" width="57">
Postcode
</td>
<td valign="top" width="78">
Bedrooms
</td>
<td valign="top" width="92">
Days on market
</td>
<td valign="top" width="122">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="76">
Beaconsfield
</td>
<td valign="top" width="57">
2015
</td>
<td valign="top" width="78">
2
</td>
<td valign="top" width="92">
26
</td>
<td valign="top" width="122">
$850,000
</td>
</tr>
<tr>
<td valign="top" width="76">
Fairlight
</td>
<td valign="top" width="57">
2094
</td>
<td valign="top" width="78">
2
</td>
<td valign="top" width="92">
41
</td>
<td valign="top" width="122">
$950,000
</td>
</tr>
<tr>
<td valign="top" width="76">
Clovelly
</td>
<td valign="top" width="57">
2031
</td>
<td valign="top" width="78">
2
</td>
<td valign="top" width="92">
50
</td>
<td valign="top" width="122">
$1,180,000
</td>
</tr>
<tr>
<td valign="top" width="76">
Balgowlah
</td>
<td valign="top" width="57">
2093
</td>
<td valign="top" width="78">
2
</td>
<td valign="top" width="92">
51
</td>
<td valign="top" width="122">
$795,000
</td>
</tr>
<tr>
<td valign="top" width="76">
Manly
</td>
<td valign="top" width="57">
2095
</td>
<td valign="top" width="78">
Studio and 1
</td>
<td valign="top" width="92">
52
</td>
<td valign="top" width="122">
$765,000
</td>
</tr>
</tbody></table>
A one-bedroom unit at <a href="https://www.realestate.com.au/sold/property-apartment-nsw-beaconsfield-126082822" target="_blank">2/22 Victoria Street</a>, Beaconsfield (above) was recently sold for $595,000 after spending 25 days on the market.
Previously, it sold for $384,000 in 2012, according to CoreLogic RP Data.
A two bedroom unit at <a href="https://www.realestate.com.au/sold/property-apartment-nsw-erskineville-126174018" target="_blank">87/20 Eve Street</a>, Erskinville (below) was recently sold for $1.015 million after spending 20 days on the market.
It last sold in 2008 for $620,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/09/15/87_20%20Eve%20Street.jpg" alt="">
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Beaconsfield is Sydney's fastest selling unit locality: Investar

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<div class="cq-article-content-paras section">
Apartment purchases in more than 100 Brisbane suburbs, circulated on a confidential list, will face new lending restrictions from next Monday from the home town lender, Suncorp.
The list covers 39 Brisbane postcodes.
Under Suncorp's new rules, it will no longer accept investment loan applications for apartments where the buyer does not have a minimum deposit of 20 percent or more.
The exceptions are existing home loan applications and those received before Friday.
"Our settings have been adjusted for postcodes based on recent weakness in the investment unit market in Brisbane, with evidence of a reduction in prices," a Suncorp Bank spokesman said.
4000 Inner Brisbane City
4005 New Farm; Tenneriffe
4006 Fortitude Valley; Bowen Hills; Newstead; Herston
4007 Ascot; Hamilton
4009 Eagle Farm
4010 Albion
4011 Clayfield; Hendra
4012 Nundah; Toombul, Wavell Heights
4013 Northgate
4029 Royal Brisbane Hospital
4030 Kalinga; Lutwyche; Windsor; Wooloowin
4031 Gordon Park; Kedron
4032 Chermside
4051 Alderly; Enoggera; Gaythorne; Grange; Newmarket; Wilston
4053 Brookside Everton Park; Everton Hills, McDowall; Mitchelton; Stafford
4054 Arana Hills, Keperra
4059 Kelvin Grove; Red Hill
4060 Ashgrove
4061 The Gap
4064 Paddington; Milton
4065 Bardon
4066 Toowong; Auchenflower; Mount CootTha
4067 St Lucia
4068 Chelmer; Indooroopilly; Taringa 
4072 University of Qld
4075 Graceville; Corinda; Sherwood; Oxley
4101 Highgate Hill; South Brisbane; West End
4102 Dutton Park; Woolloongabba
4103 Annerley; Fairfield; Fairfield Gardens
4104 Yeronga
4105 Moorooka; Tennyson; Yeerongpilly
4120 Greenslopes; Stones Corner
4121 Holland Park; Wellers Hill; Tarragindi
4122 Mansfield; Mount Gravatt; Wishart
4152 Camp Hill; Carina; Carindale
4169 East Brisbane, Kangaroo Point
4170 Cannon Hill; Morningside; Norman Park; Seven Hills
4171 Balmoral; Bulimba; Hawthorne
4172 Murarrie 
 
The Australian Financial Review who obtained the list reports developers, such as Consolidated Properties, claim Brisbane has been cruelled by restrictions on financing set up to ease speculative apartment buying in Melbourne and Sydney.
Suncorp is a Brisbane based top 20 ASX-listed company with $97 billion in assets which employs 13,400 people and serves close to nine million customers across Australia and New Zealand. 
It commenced business in 1916 as the State Accident Insurance Office. 
The RBA has repeatedly warned buyers of the likely oversupply in Brisbane apartments.
Last week the bank noted to date, the adjustment in the Brisbane apartment market has not resulted in significant stress.
"Settlement failures appear to have remained in line with historical norms, although the peak of new supply is yet to come.
"Some developers, however, report that tighter financing conditions are contributing to delays in the settlement of off-the-plan purchases, as valuations below the purchase price reduce the amount banks will lend.
"In liaison, industry participants and banks express confidence that the Brisbane market will continue to absorb the new supply despite tighter financing conditions for buyers.
"Continued weakness in rents, and so rental income, remains a debt-servicing risk for investors," the RBA said. 
</div>
<div>
 
</div>
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Suncorp's lending restrictions on blacklisted 100 Brisbane suburbs cruelling apartment sales

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<div class="moveable_w" data-element-id="particle_bfa6cc42-1e3c-4447-8329-24f8e8dd5ee1" data-object-id="bfa6cc42-1e3c-4447-8329-24f8e8dd5ee1" data-object-type="particle">
<div class="maintitle">
<div class="innertext" data-placeholder="">
Most of regional NSW had positive annual growth for houses, except in Dubbo and Wingecarribee, where prices fell year on year.
In terms of affordability, Albury had a median house price of $310,000 as of September 2017, according to Domain data. A year back, the median price was $305,000.
Other affordable regional NSW centres where first home buyers can get their foot on the property ladder include Richmond Valley, Wagga Wagga, Dubbo and Tamworth regional. The range of median prices in these areas is from $275,000 to $350,000.
</div>
</div>
</div>
<div class="moveable_w" data-element-id="chart_127958373" data-object-id="b8613e3f-3912-464c-9d82-2b53d2cdaf1e" data-object-type="chart">
<div id="chart_127958373" class="moveable chart ig-theme-group-chart">
<div id="Chart_127958373" class="inner notranslate">
<div class="igc-root">
<div class="igc-table-outer">
<div class="igc-table-container">
<table class="igc-table __dynamic">
<thead><tr>
<th class="igc-table-header igc-hidden-cell igicon-sort"> </th>
<th class="igc-table-header igicon-sort">Sept. 2017</th>
<th class="igc-table-header igicon-sort">June 2017</th>
<th class="igc-table-header igicon-sort">Sept. 2016</th>
<th class="igc-table-header igicon-sort">Quarter growth</th>
<th class="igc-table-header igicon-sort">Annual growth</th>
</tr></thead>
<tbody>
<tr>
<td class="igc-table-header">Albury</td>
<td class="igc-table-cell">$310,000</td>
<td class="igc-table-cell">$299,500</td>
<td class="igc-table-cell">$305,000</td>
<td class="igc-table-cell">3.40%</td>
<td class="igc-table-cell">1.60%</td>
</tr>
<tr>
<td class="igc-table-header">Armidale Dumaresq </td>
<td class="igc-table-cell">$356,000</td>
<td class="igc-table-cell">$356,250</td>
<td class="igc-table-cell">$350,000</td>
<td class="igc-table-cell">-0.10%</td>
<td class="igc-table-cell">1.70%</td>
</tr>
<tr>
<td class="igc-table-header">Ballina</td>
<td class="igc-table-cell">$621,250</td>
<td class="igc-table-cell">$577,000</td>
<td class="igc-table-cell">$545,000</td>
<td class="igc-table-cell">7.10%</td>
<td class="igc-table-cell">14.0%</td>
</tr>
<tr>
<td class="igc-table-header">Bathurst</td>
<td class="igc-table-cell">$429,000</td>
<td class="igc-table-cell">$417,000</td>
<td class="igc-table-cell">$390,500</td>
<td class="igc-table-cell">2.80%</td>
<td class="igc-table-cell">9.90%</td>
</tr>
<tr>
<td class="igc-table-header">Byron</td>
<td class="igc-table-cell">$820,000</td>
<td class="igc-table-cell">$850,000</td>
<td class="igc-table-cell">$757,500</td>
<td class="igc-table-cell">-3.70%</td>
<td class="igc-table-cell">8.30%</td>
</tr>
<tr>
<td class="igc-table-header">Clarence Valley</td>
<td class="igc-table-cell">$380,000</td>
<td class="igc-table-cell">$360,000</td>
<td class="igc-table-cell">$338,000</td>
<td class="igc-table-cell">5.30%</td>
<td class="igc-table-cell">12.40%</td>
</tr>
<tr>
<td class="igc-table-header">Coffs Harbour</td>
<td class="igc-table-cell">$485,000</td>
<td class="igc-table-cell">$485,000</td>
<td class="igc-table-cell">$431,000</td>
<td class="igc-table-cell">0.00%</td>
<td class="igc-table-cell">12.50%</td>
</tr>
<tr>
<td class="igc-table-header">Dubbo</td>
<td class="igc-table-cell">$350,000</td>
<td class="igc-table-cell">$340,000</td>
<td class="igc-table-cell">$365,000</td>
<td class="igc-table-cell">2.90%</td>
<td class="igc-table-cell">-4.10%</td>
</tr>
<tr>
<td class="igc-table-header">Eurobodalla</td>
<td class="igc-table-cell">$455,000</td>
<td class="igc-table-cell">$450,000</td>
<td class="igc-table-cell">$420,000</td>
<td class="igc-table-cell">1.10%</td>
<td class="igc-table-cell">8.30%</td>
</tr>
<tr>
<td class="igc-table-header">Great Lakes</td>
<td class="igc-table-cell">$492,500</td>
<td class="igc-table-cell">$515,000</td>
<td class="igc-table-cell">$438,500</td>
<td class="igc-table-cell">-4.60%</td>
<td class="igc-table-cell">12.30%</td>
</tr>
<tr>
<td class="igc-table-header">Lismore</td>
<td class="igc-table-cell">$370,000</td>
<td class="igc-table-cell">$375,000</td>
<td class="igc-table-cell">$340,000</td>
<td class="igc-table-cell">-1.40%</td>
<td class="igc-table-cell">8.80%</td>
</tr>
<tr>
<td class="igc-table-header">Newcastle</td>
<td class="igc-table-cell">$595,000</td>
<td class="igc-table-cell">$610,000</td>
<td class="igc-table-cell">$525,000</td>
<td class="igc-table-cell">-2.50%</td>
<td class="igc-table-cell">13.30%</td>
</tr>
<tr>
<td class="igc-table-header">Orange</td>
<td class="igc-table-cell">$366,500</td>
<td class="igc-table-cell">$370,000</td>
<td class="igc-table-cell">$348,000</td>
<td class="igc-table-cell">-1.00%</td>
<td class="igc-table-cell">5.30%</td>
</tr>
<tr>
<td class="igc-table-header">Port Macquarie- Hastings </td>
<td class="igc-table-cell">$520,000</td>
<td class="igc-table-cell">$500,000</td>
<td class="igc-table-cell">$465,000</td>
<td class="igc-table-cell">3.80%</td>
<td class="igc-table-cell">11.80%</td>
</tr>
<tr>
<td class="igc-table-header">Richmond Valley</td>
<td class="igc-table-cell">$275,000</td>
<td class="igc-table-cell">$271,750</td>
<td class="igc-table-cell">$250,000</td>
<td class="igc-table-cell">1.20%</td>
<td class="igc-table-cell">10.00%</td>
</tr>
<tr>
<td class="igc-table-header">Shellharbour</td>
<td class="igc-table-cell">$650,000</td>
<td class="igc-table-cell">$635,000</td>
<td class="igc-table-cell">$557,000</td>
<td class="igc-table-cell">2.30%</td>
<td class="igc-table-cell">16.70%</td>
</tr>
<tr>
<td class="igc-table-header">Shoalhaven</td>
<td class="igc-table-cell">$545,000</td>
<td class="igc-table-cell">$525,000</td>
<td class="igc-table-cell">$456,250</td>
<td class="igc-table-cell">3.70%</td>
<td class="igc-table-cell">19.50%</td>
</tr>
<tr>
<td class="igc-table-header">Tamworth Regional</td>
<td class="igc-table-cell">$349,000</td>
<td class="igc-table-cell">$340,000</td>
<td class="igc-table-cell">$325,000</td>
<td class="igc-table-cell">2.60%</td>
<td class="igc-table-cell">7.40%</td>
</tr>
<tr>
<td class="igc-table-header">Tweed</td>
<td class="igc-table-cell">$573,500</td>
<td class="igc-table-cell">$579,750</td>
<td class="igc-table-cell">$519,000</td>
<td class="igc-table-cell">-1.10%</td>
<td class="igc-table-cell">10.50%</td>
</tr>
<tr>
<td class="igc-table-header">Wagga Wagga</td>
<td class="igc-table-cell">$350,000</td>
<td class="igc-table-cell">$345,000</td>
<td class="igc-table-cell">$322,750</td>
<td class="igc-table-cell">1.40%</td>
<td class="igc-table-cell">8.40%</td>
</tr>
<tr>
<td class="igc-table-header">Wingecarribee </td>
<td class="igc-table-cell">$750,000</td>
<td class="igc-table-cell">$800,000</td>
<td class="igc-table-cell">$765,000</td>
<td class="igc-table-cell">-6.70%</td>
<td class="igc-table-cell">-2.00%</td>
</tr>
<tr>
<td class="igc-table-header">Wollongong</td>
<td class="igc-table-cell">$740,000</td>
<td class="igc-table-cell">$754,000</td>
<td class="igc-table-cell">$649,500</td>
<td class="igc-table-cell">-1.90%</td>
<td class="igc-table-cell">13.90%</td>
</tr>
</tbody>
</table>
</div>
</div>
</div>
</div>
</div>
</div>
<div class="moveable_w" data-element-id="particle_c9fbc019-d7c9-47cb-9b8a-b752441ec0ac" data-object-id="c9fbc019-d7c9-47cb-9b8a-b752441ec0ac" data-object-type="particle">
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<div class="innertext" data-placeholder="">Source: Domain Group</div>
<div class="innertext" data-placeholder=""> </div>
<div class="innertext" data-placeholder="">A three-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-bourkelands-125948290" target="_blank">2/27 Osterley Place, Bourkelands</a> in Wagga Wagga (picture above) has sold for $359,500 through Ray White’s Cassie Sheahan. The house is leased at $375 per week.</div>
<div class="innertext" data-placeholder=""> </div>
<div class="innertext" data-placeholder="">A four-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-albury-126171606" target="_blank">427 Schubach Street, Albury</a> recently sold for $315,000. The 664 sqm block was sold through Tom Sanderson of Wodonga Real Estate.</div>
<div class="innertext" data-placeholder=""><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/19/FHBAlbury.jpg" alt=""></div>
<div class="innertext" data-placeholder=""> </div>
<div class="innertext" data-placeholder="">
 
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Regional NSW offers affordable options to first home buyers

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Home ownership has become more of a reality in Darwin over the past two years, according to the valuation firm, Herron Todd White.
With the market continuing to soften, home owners now have an abundance of choice in regard to what they can purchase, a recent report advised.
Currently home owners are most active in the developing estate of Zuccoli in Palmerston and the newly released Northcrest development in Berrimah.
HTW noted home owners have also started to become active in the northern suburbs and Palmerston dwelling markets.
"However, semi-detached and attached units still seem to be struggling across all sectors of the market,." it advised
Vacant land continues to be a staple for home owners.
As developers continue to release land in both Zuccoli and the Northcrest development which is now starting to come online, home owners continue to gravitate towards this segment of the market.
HTW said although established dwellings have decreased in value, the option of new builds remains attractive to home owners, in particular first home owners.
"This is primarily due to attractive government incentives to purchase new land that is becoming cheaper and builders’ margins decreasing (we have seen rates as low as $1,700 per square metre in comparison to $2,000 and above in the peak periods of the market)."
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Within the established market, home owners are active in the northern suburbs in particular.
Suburbs in this area such as Leanyer, Anula, Wagaman and Karama have had a number of sales transact since the start of 2017 and this has primarily been to home owners.
These suburbs seem to be attractive as they are affordable and allow consumers to purchase a structurally sound dwelling on a decent size block all within close proximity of the Darwin CBD.
"We have seen sales as low as $360,000 for a basic 3-bedroom, 1-bathroom, ex-government dwelling in the less preferred suburb of Karama and basic 3-bedroom, 1-bathroom dwellings sell for $460,000 in the more preferred section of Leanyer."
A three-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nt-karama-124464894" target="_blank">44 Wearing Crescent, Karama</a> recently sold for $380,000. The selling agent was Ray White’s Matt Englund.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/18/Darwin-HTW.jpg" alt="">  
Other areas also active within the established dwelling market in Palmerston are Gunn, Rosebery and Durack. Home owners have taken advantage of the declining value levels.
"We have seen sales as low as $410,000 in Durack for a 3-bedroom, 2-bathroom dwelling. Gunn has also produced some good buying with a basic 3-bedroom, 2-bathroom dwelling selling for $370,000."
A three-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nt-durack-124339062" target="_blank">20 Kooyonga Cres, Durack</a> sold for $327,500 (picture above). The selling agents were Kylie Lynch and Paul Bunker of Approved Real Estate.
The report noted the unit market continues to struggle as the Darwin CBD is "completely saturated with stock."
"Potential purchasers are faced with the decision of why buy today when I can buy tomorrow for cheaper. Inner city semi-detached units are tightly held and whenthey come onto the market seem to be received well.
"However, the Palmerston market has continued to struggle as semi-detached units now compete price wise with dwellings in the less preferred sections of Gray, Moulden and Woodroffe.
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HTW suggested the greatest obstacle the NT property market currently faces is the declining population growth.
"As more people decide to move interstate this will continue to have a ripple effect on the property market as buyers do not consider Darwin to be a long term place of residence.
"Until we achieve stronger population growth we will not see a dramatic increase in the level of home occupancy throughout Darwin," it noted. 
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Darwin becomes more affordable for FHB new builds

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The minutes of the monetary policy meeting of the Reserve Bank Board emphasised some positive developments in the economic data but provided a strong statement around the Bank’s policy guidelines.
However in these minutes, the Board has chosen to emphasise its independence. “Members observed that moves towards higher interest rates in other economies were a welcome development but did not have mechanical implications for the setting of policy in Australia, where the timing of any changes in interest rates would be dependent, as always, on developments in domestic economic conditions. Members also noted that monetary conditions in other advanced economies had been eased significantly more than in Australia since the onset of the financial crisis”.
In that regard, the minutes noted that the Bank of Canada had increased its policy rate “in response to stronger than expected economic growth”. The Bank of England had indicated some tightening presumably in response to a lift in inflation associated with the weak sterling ( in my view a potential policy mistake). Markets also expected the ECB to begin reducing the pace of asset purchases in 2018.
Commentary around the domestic economy was generally upbeat:
“There had been a pick-up in household consumption growth in the June quarter”. That comment came before the release of the August retail sales data showing the weakest growth in retail sales since 2013.
Employment growth “had been well above that required to absorb increases in the labour force”, although the Board did note that growth in jobs had been  based in household services (particularly health care &amp; education) and construction. Our reading is that outside those areas growth has generally been modest. Indeed the outlook for jobs growth was somewhat more subdued than we have seen in the past, “slightly above average growth in employment over the remainder of 2017”.
Residential construction, which has plateaued, is expected to hold around current levels “over the subsequent year or so” – a little vague from my perspective, although presumably meaning all of 2018. Westpac has a more pessimistic view around that cycle than appears to be the Board’s thinking.
Private non-mining business investment has increased to be almost 10% higher than at the start of 2016 – the outlook remained positive and firm’s estimates of future capital spending has increased.
“Public investment was expected to continue to be supporting economic activity”.
On the other hand, subdued price pressures continue across the economy and  retail electricity prices are expected to increase significantly in the September quarter. (Westpac’s estimate is 13%) . It is of some interest that business liaison indicates that retail and manufacturing businesses were largely absorbing increases in energy costs into margins.
Every six months, the Board reviews the Bank’s Financial Stability Review. These minutes help us understand the key issues from the Review that were presented to the Board. In that regard, concerns around China financial risks “remained pronounced” with excessive growth through the less regulated channels including banks off balance sheet activities.
Domestically, attention always turns to household indebtedness. While the Board noted that indebtedness had edged higher, it also highlighted the strength of household’s balance sheets, noting in particular “household assets far exceeded debt with non-housing assets alone being over two times larger than total household debt”.
The concluding paragraphs in the minutes continue to emphasise the Bank’s key views, firstly that growth would increase gradually over the coming year; strong employment growth and increasing wage growth would boost income growth and household spending; and the importance to continue to assess the various risks in the housing markets and household balance sheets.
<h3>Conclusion </h3>
We have always argued that the policy process next year will be dependent on the strength of the domestic economy and not be dictated by any global trend to higher interest rates. It is interesting that the Board has chosen to emphasise this strategy in its minutes.
While the RBA does not release the detailed forecasts behind its general view that growth will be comfortably above trend next year, we can discern from the rhetoric that the Board, to date, has a more upbeat outlook for incomes; consumer spending; jobs growth; wages growth and the construction cycle than is our own view.
We have been encouraged by these minutes to expect that if the economy evolves in the way we anticipate, the Board will see no need to raise rates in 2018.
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The RBA Board ties policy to domestic economic developments - remains generally upbeat

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The ruling coalition has used its numbers in parliament’s lower house to push through the Budget move allowing first home buyers to contribute more to their super and then use it for a deposit. 
It also says that the scheme won’t undermine Australia’s retirement savings system.
The legislation also allows older Australians to contribute the proceeds of the sale of their family home to their super, Fairfax Media reported.
The superannuation top-up scheme offers tax breaks.
Labor and the Greens are against the proposal, with the opposition saying it will do nothing to address housing affordability.
Shadow treasurer Chris Bowen said the scheme will only undermine the superannuation system, leading to a war of words with the ruling party.
Assistant minister to the treasurer, Michael Sukkar, said Labor was peddling misconceptions.
“It’s quite shocking and surprising to see any political party take a view that a tax cut for first home buyers is something that they cannot support,” Sukkar said.
Labor, however, would not oppose two other housing affordability bills announced in the budget.
The measures include limiting deductions investors can claim in relation to residential properties and slapping foreign owners with a vacancy tax if their property is vacant for at least six months during a one-year period.
Bowen said there was nothing to oppose because the measures were ineffective.
“What we see here is some minor tinkering which won’t do anything for housing affordability,” he told parliament.
 
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First home super scheme passes lower house test

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Paul Wilsher, a Brisbane real estate agent has been disqualified from working in the industry for 10 years by the Brisbane Magistrates Court following an Office of Fair Trading (OFT) investigation.
Paul James Wilsher, director of Spot4Rent, was also fined $15,000 and ordered to pay court costs after he pleaded guilty to misappropriating trust money.
A conviction was recorded. He was ordered to pay the fine and court costs within three months, or will face imprisonment.
He ran the business for six years.
The court heard that between 1 January 2016 and 13 May 2016 Mr Wilsher transferred a total of $14,056.41 from Spot4Rent’s trust account to his personal account for personal expenses.
The OFT appointed receivers over the business in July 2016 and found an $18,375.41 shortfall in the trust account.
Affected consumers were repaid loses via a claim fund administered by the OFT, which Mr Wilsher will be pursued to reimburse.
The court further heard that Mr Wilsher knowingly failed to appoint an auditor and have his trust account properly audited for the financial period 1 October 2015 to 30 September 2016.
In sentencing, the court considered Mr Wilsher’s guilty plea, his personal circumstances and remorse, but said a strong message had to be sent to other real estate professionals.
Fair Trading Executive Director Brian Bauer said Mr Wilsher’s behaviour was disappointing and a stain on the real estate industry.
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