New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

Joel Robinson

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

The long-planned transformation of Brisbane's historic Shafston Estate has taken another major step, with Capella Hotel Group announced as the luxury hospitality partner behind what will become Brisbane's first branded residences.

The project, to be known as Capella Residences Brisbane, is being delivered by Verso Projects at the landmark Kangaroo Point riverfront estate, with completion targeted for 2029.

The announcement follows a series of planning changes to the project over recent years. The site was originally approved in 2023 for a 15-level, 37-apartment development designed by Rothelowman for Burgundy Group before Verso Projects took over the 10,070 sqm riverfront holding and lodged revised plans with Kerry Hill Architects to increase the development to a 25-level tower with 51 apartments.

The latest announcement confirms Capella Hotel Group will bring its branded residential offering to the project, marking just the second Capella Residences development globally after Seoul, and the group's first branded residential project in Australia.

The <a href="https://www.apartments.com.au/new-apartments/23-castlebar-street-kangaroo-point-qld-4169">Castlebar Street development</a> will centre around the restoration of the heritage-listed Shafston House, one of Brisbane's oldest residences, originally constructed in 1851 by Reverend Robert Creyke as a single-storey cottage known as Ravenscott.

<img alt="Capella" data-entity-type="file" data-entity-uuid="2b9f4ce5-638f-4d6b-8082-3ca7e4b75fca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-09%20at%207.20.41%E2%80%AFAM.png?VersionId=f7aeqsW_DzOJI4FymWb3lD8NptSfsP7q" />

Capella said the project aligns with its focus on heritage-led developments, with the Brisbane estate combining the restored historic residence with a new luxury apartment tower and hospitality-inspired resident amenities.

Residents will have access to the Capella Living Room, a concierge-led communal space inspired by the group's luxury hotels, alongside landscaped gardens, six swimming pools, wellness and recreation facilities.

The broader estate will also include two riverfront homes, a six-berth private marina, porte cochère arrival experience, secure basement parking and a new section of public riverwalk along the Brisbane River frontage.

The heritage Postal Depot Building will also be retained and repurposed as a guest house, in line with the revised development plans.

The project represents another evolution for the site, which Kerry Hill Architects previously described as a rare opportunity to restore one of Brisbane's most significant heritage estates while creating a new benchmark for apartment living.

"The Shafston Estate provides a once-in-a-generation opportunity to restore one of Brisbane's finest heritage precincts and to reinstate residential use as a unique site perched on the edge of Kangaroo Point," Kerry Hill Architects said in its Urban Context Report accompanying the planning submission.

"The project will celebrate excellence in sub-tropical residential design, setting a new benchmark for vertical living in Brisbane."

Verso Projects, which now has an $8.5 billion development pipeline spanning more than 6,000 dwellings across apartments, townhouses, retail and commercial projects, said the partnership with Capella would elevate the development beyond a traditional residential project.

"We feel honoured to be restoring Shafston Estate to its former glory, elevating it to new heights of luxury and excellence underpinned by Capella's distinctive service ethos and design philosophy, and making it a standout landmark in Brisbane," Verso Projects CEO Steve Laffey said.

"By partnering with Capella, globally recognised for its refined approach to luxury hospitality and deep respect for cultural and historical context, we will elevate this project beyond a residential offering into a world-class destination."

Capella Hotel Group President Roland Fasel said Brisbane's emergence as a global city made it the right location for the company's Australian residential debut.

"Brisbane is a city on the cusp of something remarkable, and Capella Residences is our commitment to being part of that story," Fasel said.

"The Capella residential experience is more than luxury. It is about a sense of belonging to a place with deep meaning."

Private appointments have now opened for the project, with a display suite expected to open in late 2026 ahead of the planned 2029 completion.

Capella to launch Brisbane's first branded residences at Shafston House, Kangaroo Point

Lewis Land's latest apartment release within its <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan is targeting one of the Gold Coast's fastest-growing buyer groups, with almost a third of apartments at Solis priced below $1 million.

The seven-storey building at Biggera Waters will comprise 91 apartments, including 24 one-bedroom residences starting from $778,000, a price point Lewis Land says is aimed squarely at first home buyers struggling to enter the Gold Coast market.

<img alt="Harbour Shires" data-entity-type="file" data-entity-uuid="e7486e37-22f6-4c92-b212-9b0622070b8f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.34%E2%80%AFAM.png?VersionId=W8MJwJUCf6HkIyl_EVSksnd.QI6MZryY" />

<a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the developer deliberately allocated a significant proportion of the project to more affordable apartment types.

"First home buyers have been priced out of many parts of the Gold Coast, and we saw a clear opportunity to address this and play our part in a longer-term housing solution," Long said.

"That's why 24 of the 91 apartments being delivered at Solis have been designed and priced for the city's next generation of homeowners, quality one-bedroom apartments, half of which include an additional multipurpose room to maximise space and flexibility.

"This approach places 30 per cent of apartments in Solis under $1 million, and with close proximity to Harbour Town's future light rail extension connecting residents to the city's major employment and knowledge hubs, it's a win for buyers looking to secure their first property."

<img alt="Sores" data-entity-type="file" data-entity-uuid="550526d3-73ba-4710-9739-c5f4294a30ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.29%E2%80%AFAM.png?VersionId=cQQdXHt9wS0UXwZEm5Py5bH_3kAmzyhu" />

Designed by BDA Architecture, Solis will deliver a mix of one, two and three-bedroom apartments, with residences ranging up to 232 sqm. Apartments feature generous balconies and contemporary finishes, while residents will have access to Harbour Shores' lagoon pool, clubhouse, tennis court, gym, yoga studio and sauna.

The focus on first home buyers resonated with purchaser Holly Humphreys, who said she and her boyfriend spent more than a year searching for their first property before shifting their attention from houses to apartments.

"We fell in love with the first house we bid on and got our hopes up, but after repeated knockbacks we learned not to get too attached," Humphreys said.

"We offered at the high end of price guides, but sales kept going even higher. That's where we really struggled and we needed to re-evaluate our budget and our expectations. Standalone houses were off the table, and we pivoted to apartments and townhouses."

Humphreys said it was encouraging to see developers recognising the growing demand from first home buyers.

"There's a growing number of young buyers looking to enter the market earlier because they understand that getting in now can make a real difference as prices continue to rise," she said.

"It's fantastic to see a developer recognise this and then actively take measures to deliver an apartment with us in mind."

Solis is the first development planned within the second stage of the Harbour Shores masterplan, with early works expected to commence in September 2026.

[smartcode_project_cta:default project_id=113271]

Lewis Land targets first home buyers at latest Harbour Shores release, Solis

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.

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

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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Westpac said it had cut the proportion of interest-only loans to 44 per cent in the third quarter from 52 per cent in the second quarter, and was on track to meet the regulatory requirements for interest-only lending.
It said interest-only lending now represents 36 per cent of new loans, down from 47 per cent last quarter.
The prudential regulator, APRA, has asked banks to cap interest-only at 30 per cent by September to cool off investor borrowing and increased the risk of a hard landing in the  property markets in Sydney and Melbourne.
It is "on track to have flow of interest-only lending below 30 per cent in [the] September quarter 2017," Westpac said.
Of the major banks, Westpac has the largest proportion of loans made on interest-only terms, reflecting a book weighted towards property investors who use interest-only loans to take advantage of negative gearing tax benefits, according to The Australian Financial Review.
Analysts expect the bank’s earnings will be hit harder than rivals from the shift to owner-occupier lending.
The pullback comes as Westpac told mortgage brokers it is responding to APRA's "refining" of the criteria used to assess a borrower's suitability to service loans, by changing the way it calculates loans and assesses borrowers' rental interest deductions.
Just last month, the nation's second largest lender, told mortgage brokers to grill clients on why they want an interest-only loan.
<div>
Its investor lending growth is 5.9 per cent. The APRA cap is 10 per cent.
</div>
Westpac also addressed shadow banking in its update, saying the level of its mortgage warehouse facilities - which are provided to 20 originators, both banks and non-banks - have been steady at $10 billion, with $3.8 billion still able to be drawn.
APRA has asked banks not to allow their warehouse facilities to grow at a faster rate than their own lending books.
Westpac said it is closely monitoring such facilities. "This includes understanding the institution's origination and servicing standards, mortgage portfolio parameters and eligibility criteria against both Westpac's and the institution's credit policies, as well as securitisation rating guidelines," it said.
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jonathanchancellor-7SQnKwU6yx

Westpac on track to stem interest-only loans growth to 30 percent

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A one bedroom Toorak unit has sold for $250,000 making it Melbourne’s cheapest weekend auction sale.
Located at <a href="https://www.realestate.com.au/sold/property-apartment-vic-toorak-126010958" target="_blank">47/145 Canterbury Road</a>, the property was marketed as an entry-level property.
Built in 1970, the 36 sq m space was last sold in 1999 for $113,000.
It is situated in a corner position and features a galley kitchen that is adjacent to the living and dining space that offers views of the garden.
There is a large bedroom with its own built-in robe and a fully tiled bathroom.
Other features includes basement car parking and access to gym.
The property is moments from public transport, Toorak Village and a park.
The property was offered through LITTLE Real Estate agent Rob Exell.
Another one bedroom Toorak unit at <a href="https://www.realestate.com.au/sold/property-apartment-vic-toorak-124387926" target="_blank">84/145 Canterbury Road</a> was sold in February this year for $240,000.
Built in 1980 it last sold for $215,000 in 2013.
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j.ballantyne1990-6AQqhLzZaK

One bedroom Toorak unit sold for $250,000

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Iris Capital only sold 17 of 39 apartments at its new $70 million development Grand Bondi Junction in Sydney's east.
<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/2017/08/21/700_iris3.jpg" alt="" style="font-size: 12.16px;">
The most popular apartments sold were two-bedroom units.
<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/2017/08/21/700_iris6.jpg" alt="">
The highest priced apartment was $2.5 million.
<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/2017/08/21/700_iris4.jpg" alt="">
Iris Capital launched their $70 million residential development claiming "impressive market demand" - although it continued the recent downturn in the initial Saturday sales tally to around 50 percent rather than the 100 percent sellouts in the off the plan sales heyday.
<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/2017/08/21/700_iris5.jpg" alt="">
The development attracted strong interest from local owner occupiers purchasers from around the Eastern Suburbs area, CBRE agent Ben Stewart noted, adding Grand was destined to become a timeless residence in Bondi Junction.
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Not so grand sales result for Iris Capital at Bondi Junction

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GUEST OBSERVER
The lumpy result in monthly building approvals data continues, with total dwelling approvals up by 10.9 per cent in the month of June 2017.
However the longer term trend shows sustained weakness with total approvals down by 2.3 percent over the year to June, particularly for apartments.
Given the boom in apartment construction in the past couple of years it is to be expected that the fall in approvals is predominantly coming from this segment of the market.
Approvals for apartments and town houses fell by 6.6 per cent over the year-to June 2017, while approvals for detached housing actually increased by 1.4 per cent.
A result in line with Master Builders forecast outlook for a fall in apartment commencements over the next four years.
But there remains a housing shortage in Australia of around 100,000 dwellings and it would be concerning if the current weakness in approvals turns into low housing commencements leading to supply constraints that can push up house prices.
We can’t lose sight of the fact that increased population growth and other factors of underlying demand mean we need to build at least 180,000 new homes each year for the next five years.
Matthew Pollock is Master Builders Australia’s National Manager for Economics and Housing and can be contacted <a href="https://www.masterbuilders.com.au/Home" target="_blank">here</a>.
 
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jchancellor-FAypfDUnLy

Approvals show apartments are taking the brunt of the fall

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<img src="https://counter.theconversation.edu.au/content/80082/count.gif?distributor=republish-lightbox-advanced" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
Liveability is an increasingly important goal of Australian planning policy. And creating cities where residents can get to most of the services they need within 20 to 30 minutes has been proposed, at both federaland state level, as a key liveability-related mechanism. 
The previous federal government’s 2010 National Urban Policy stated:
"Liveable cities are socially inclusive, affordable, accessible, healthy, safe and resilient to the impacts of climate change … Liveable cities provide choice and opportunity for people to live their lives, and raise their families, to their fullest potential."
In Victoria, keeping Melbourne “attractive and liveable” is the cornerstone of the state government’s newly updated Plan Melbourne 2017-2050 strategy. Liveability is seen as a way to stay globally competitive, attracting more business and more international students, Victoria’s most profitable service export.
Our summary of research on liveability indicators also points to strong links with general population health and environmental sustainability. 
Plan Melbourne’s vision of liveability involves:
"… a city of 20-minute neighbourhoods … where people can access most of their needs within a 20-minute walk, cycle or public transport trip."
The plan discusses people’s need for access to a long list of local services – shopping centres, health facilities, schools and lifelong learning opportunities, playgrounds and parks (including community gardens, green spaces and recreation facilities), affordable housing (including the ability to age in place) and “local public transport”. 
It also values attributes such as “safe”, “walkable” and “attractive”. Specifically excluded is a 20-minute commute to most employment, although the plan mentions local work opportunities. 
To create a city of 20-minute neighbourhoods over Plan Melbourne’s 30-year time frame, at least three strategic planning challenges must be overcome. 
<h2>How do we define and measure success?</h2>
First, the plan fails to specify what access means and how it is measured, as well as what local needs are key. For instance, the average speed of a leisurely walk by a healthy adult along a relatively flat footpath is five kilometres per hour. Older and younger pedestrians may be slower. 
Including the time lost to stopping at intersections and meandering footpaths, a “pedshed” analysis often equates a 20-minute walk with a distance of 800 metres. 
Plan Melbourne does not list the essential social infrastructure or distance measurement methods that will be used to create the 20-minute radius for each neighbourhood. This poses problems for the important task of tracking progress. 
In contrast, the US city of Portland’s strategic plan for a 20-minute city requires four key pieces of social infrastructure located close to affordable residential housing. These are: public primary schools, grocery stores, green parks, and public transport stops with minimum travel frequency standards. 
 
In Australia, given our growing elderly population, bulk-billing health services might also be required infrastructure in each 20-minute neighbourhood. 
<h2>Infrastructure deficit is daunting</h2>
In 1995, homes selling for A$100,000 or less were well within the means of median-income households in areas with good public transport access, like Maribyrnong, Dandenong and Heidelberg. 
By 2015, homes selling for $415,000 (the new 25th percentile) were in areas like Gippsland, Sunbury and Bacchus Marsh. That’s well beyond the reach of metropolitan public transport. 
Plan Melbourne does talk of “two cities” – the well-serviced, unaffordable central city, and underserviced middle and outer suburbs. But the plan does not adequately recognise the city’s severe and unfairly distributed infrastructure deficit. 
The words “liveable” and “liveability” appear 40 times in 152 pages (with prefixes such as “protect”, “improve” and “world-renowned”); “equitable” and “equity” only five times. 
This infrastructure deficit casts a daunting shadow over Plan Melbourne. To provide adequate transport and health services to Melbourne’s outer suburbs, SGS Economics and Planning, working with the National Growth Areas Authority, estimated funding of $5 billion a year will be needed over the next 15 years. 
The Grattan Institute has calculated that Victoria will need around 220 new schools, mostly in outer suburbs, over the next ten years. Each primary school costs an average of $15 million to build, and high schools more than twice that. 
In May, the state auditor highlighted the chronic underfunding of 1,500 existing primary schools as a concern. The report also emphasised the need to greatly improve strategic planning for new schools. 
Social housing, recognised as a vital priority in Infrastructure Victoria’s recent 30-year strategy, is a critical shortfall across Melbourne. The shortfall is particularly acute in areas with adequate infrastructure. The strategy estimates 75,000 to 100,000 low-income households’ needs are unmet. 
To keep pace with population growth, 50,000 dwellings a year must be built. At least half would need to be accessible to households in the bottom half of the income scale. 
A Commonwealth advisory report on housing affordability found almost half of Australian renters are in housing stress, as median home ownership costs have risen from the recommended 2.5 times annual household income to well over six times. 
The well-serviced central cities have the highest housing prices, with Sydney and Melbourne the worst. 
Plan Melbourne talks about housing affordability in general terms. What it lacks is specific affordable housing targets for inner and middle suburbs with adequate infrastructure to overcome inequalities in delivering the 20-minute city.
<h2>Tax system hinders funding</h2>
The state is responsible for strategic planning and most infrastructure provision, but the Commonwealth controls most of Australia’s tax revenue. The result is that, despite being home to one in four Australians, Victoria gets only about 8% of federal infrastructure spending.
And the federal government is one of the main contributors to the affordable housing crisis by subsidising housing speculation through negative gearing and capital gains tax exemption. 
The Grattan Institute estimates these measures cost the budget almost $11.7 billion per year. That’s enough to fund essential infrastructure improvements across Australia. 
<h2>Possible pathways to improvement</h2>
So what is the prognosis for 20-minute cities? What could be done to increase the chances of achieving this important goal? 
The state government could clarify its definition of key access indicators, and begin mapping 20-minute access by neighbourhood to monitor progress, as Portland does.
Vancouver, Canada, has included access indicators in its planning for family-friendly, high-density housing since 1992. The indicators include a maximum distance of 800 metres to a community centre, a grocery store, a public primary school and associated play area, daycare centre and after-school care; and 400 metres to a playground and a frequently serviced public transport stop.
An evaluation of the 50,000 residents in the central Vancouver community of False Creek North showed high levels of satisfaction among households that settled there.
Victoria could also follow Portland’s example of giving priority to improving infrastructure in under-serviced areas and to providing affordable housing in well-serviced areas. Plan Melbourne still lacks mechanisms to achieve this.
The 20-minute city is a worthy goal. As difficult as it may be to imagine at the moment, federal, state and local governments must collaborate, along with private developers and investors, if the access needs of all city residents are to be met.
<a href="https://theconversation.com/profiles/carolyn-whitzman-9944" target="_blank">Carolyn Whitzman</a> is Professor of Urban Planning, University of Melbourne and author for <a href="https://theconversation.com/au" target="_blank">The Conversation</a>.
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A 20-minute city sounds good, but becoming one is a huge challenge

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Sydney's pricey suburb Woollahra secured the nation's top weekend auction result, while Toorak in Melbourne surprised with the cheapest.
There were just the two ultra-cautious bidders completing for the wide Wallis Street, Woollahra terrace.
<a href="https://www.realestate.com.au/sold/property-house-nsw-woollahra-126002126" target="_blank">The five bedroom, four bathroom home</a> (above) with 7.5 metre frontage had been tipped by Ben Collier at The Agency to fetch $6.3 million plus, but the bidding petered out at $6.35 million.
It was however sold within an hour of its onsite auction at an considerably higher, though undisclosed price.
Dr Lisa O’Brien, who leads Australia’s major education-oriented children’s charity, The Smith Family, and was also a founding member of Sydney’s Lou’s Place, a drop-in centre providing respite and support for women in need, was the downsizing vendor.
It last sold at $4,225,000 in 2014.
Auction volumes steadied across the capital cities, according to CoreLogic’s latest report, while the preliminary clearance rate improved in the second last winter weekend.
Across the combined capital cities, the preliminary auction clearance rate rose to 71.7 per cent, up from the final clearance rate that came in at 67.5 per cent.
There were 2,041 capital city auctions over the week to Saturday, virtually unchanged from last week’s 2,040 auctions.
But it was higher than the 1,795 auctions held one year ago.
Melbourne took back the baton from Canberra as the strongest weekend auction market.
Melbourne’s preliminary clearance rate sat at 77.7 per cent, after the prior weekend’s final results fell below 70 per cent for the first time since July last year to 69.8 per cent.
Melbourne was host to 997 auctions this week, higher than the 955 held last week, and higher than last year when there were 789 Melbourne auctions held over the week.
It had the nation's cheapest sale when a Toorak studio sold pre-auction for $250,000.
Located at <a href="https://www.realestate.com.au/sold/property-apartment-vic-toorak-126010958" target="_blank">47/145 Canterbury Road</a>, (below) the studio apartment was marketed as an entry-level property for the suburb who has a $925,000 median apartment price.
<img src="https://www.urban.com.au/images/2017/08/21/Screen%20Shot%202017-08-21%20at%2010.02.30%20AM.png" alt="">
The weekend offering - which last sold at $113,000 in 1999 - features a galley kitchen that is adjacent to the living and dining space.
<img src="https://www.urban.com.au/images/2017/08/21/Screen%20Shot%202017-08-21%20at%2011.52.42%20AM.png" alt="">
The 36 sqm studio with car space was offered through Little Real Estate agent Rob Exell.
<img src="https://www.urban.com.au/images/2017/08/21/Screen%20Shot%202017-08-21%20at%2011.53.34%20AM.png" alt="">
It had been a $260 a week rental when offered this time last year.
A four bedroom Kew house was Melbourne's top sale at $4 million.
Located at <a href="https://www.realestate.com.au/sold/property-house-vic-kew-126011582" target="_blank">37 Wellington Street</a>, (below) the English style home on a 792 sqm block last sold in 2007 for $2.12 million.
<img src="https://www.urban.com.au/images/2017/08/21/Screen%20Shot%202017-08-21%20at%2010.03.28%20AM.png" alt="">
In Canberra, 68 auctions were held with 75.4 per cent successful.
Last weekend the Canberra clearance rate was a higher 87 per cent.
Canberra's top sale was a four bedroom Hackett house sold for $1.06 million.
Located at <a href="https://www.realestate.com.au/property-house-act-hackett-126031154" target="_blank">4 Brennan Street</a>, (below) the 958 sqm property with views of Mount Majura and Mount Ainslie, last sold for $405,000 in 2002.
<img src="https://www.urban.com.au/images/2017/08/21/Screen%20Shot%202017-08-21%20at%2010.04.28%20AM.png" alt="">
Sydney’s clearance rate improved jumping to 70.8 per cent, however volumes were lower week-on-week in Sydney.
Across Sydney, 704 properties were taken to auction this week. Last week, the final clearance rate for the city was 67.6 per cent, across 798 auctions.
Over the corresponding week last year, 687 Sydney homes were taken to auction and the clearance rate was 84.3 per cent.
The cheapest sale in Sydney was a Lakemba unit sold for $415,000.
Located at <a href="https://www.realestate.com.au/property-unit-nsw-lakemba-125900754" target="_blank">10/10 Fairmount Street</a>, (below) the two bedroom 1970s last sold for $315,000 in 2014.
<img src="https://www.urban.com.au/images/2017/08/21/Screen%20Shot%202017-08-21%20at%2010.05.34%20AM.png" alt="">
The freshly painted property was offered through Ray White agent Kamal Ali.
Sydney secured the highest formally notified sale across the nation when a Chatswood house sold for $5.635 million.
Located at <a href="https://www.realestate.com.au/property-house-nsw-chatswood-125954126" target="_blank">17 Dulwich Road</a>, (below) the six bedroom home sat on a 1800 sqm block.
<img src="https://www.urban.com.au/images/2017/08/21/Screen%20Shot%202017-08-21%20at%2010.06.27%20AM.png" alt="">
There were 100 Adelaide auctions this weekend with 58.7 per cent selling. Last year there was a 62 per cent clearance rate from 97 offerings across Adelaide.
Adelaide's prices ranged between a three bedroom <a href="https://www.realestate.com.au/property-house-sa-osborne-125999526" target="_blank">Osborne</a> house sold for $389,500 and $1.15 million for a four bedroom Henley Beach South house at <a href="https://www.realestate.com.au/property-house-sa-henley+beach+south-125985282" target="_blank">9 Catalina Street</a> (below).
<img src="https://www.urban.com.au/images/2017/08/21/Screen%20Shot%202017-08-21%20at%2010.07.31%20AM.png" alt="">
Brisbane’s preliminary auction clearance rate was 45.9 per cent, increasing from 43.8 per cent last week.
There were 131 Brisbane auctions this week, compared to 103 last week.
Farleigh, a five bedroom Annerley house sold for $1.21 million making it Brisbane’s most expensive weekend auction sale.
Located at <a href="https://www.realestate.com.au/property-house-qld-annerley-125998610" target="_blank">11 Pitt Street</a>, (below) the 1914 home was built by the pioneering Mackenzie family.
<img src="https://www.urban.com.au/images/2017/08/21/Screen%20Shot%202017-08-21%20at%2010.08.17%20AM.png" alt="">
It last sold in 2005 for $565,000.
There were 34 Perth auctions this week and so far 17 results have been reported, with 47.1 per cent selling.
Of the seven Tasmanian auction results reported so far this week, two sales have been recorded.
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Sydney's pricey suburb Woollahra secured the nation's top weekend auction result

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A budget of $400,000 for a property purchase in a capital city used to provide an array of options.
However, with dwelling values continuing to rise, new research by CoreLogic shows a significant reduction in the proportion of sales occurring in this price bracket. 
The research shows that across Australia, 31.2% of houses and 37.3% of units sold transacted for less than $400,000.
By comparison, a year ago the proportions were recorded at 32.8% for houses and 38.6% for units.
A decade ago, 62.4% of all house sales and 68.9% of unit sales were priced below $400,000.
Almost seventeen percent of all house sales and 28.4% of all unit sales over the 12 months to June 2017 were below $400,000.
Even comparing these figures to just a year earlier the decline in the proportion of sales under $400,000 is extremely noticeable for houses (19.0%) and somewhat less so for units (29.6%).
A decade ago, more than half of all capital city house (53.1%) and unit (66.3%) were less than $400,000.”
<a href="https://www.propertyobserver.com.au/images/2017/08/17/Screen%20Shot%202017-08-17%20at%2011.40.39%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/08/17/Screen%20Shot%202017-08-17%20at%2011.40.39%20am.jpg" alt="">
Outside of the capital cities, 52.0% of houses and 60.5% of units sold over the 12 months to June 2017 were priced below $400,000.
A year earlier the proportions were recorded at 54.3% for houses and 63.2% for units.
If we go back 10 years more than three quarters of regional house (75.6%) and unit (75.2%) sales were less than $400,000.
Over the past year, less than 3.5% of all house sales in Sydney and Canberra were below $400,000 compared to 35.5% and 40.0% respectively a decade ago.
In a market like Sydney, the unit market doesn’t represent much of an alternative with 7.4% of all unit sales over the past year below $400,000 compared to 53.9% a decade ago.
<a href="https://www.propertyobserver.com.au/images/2017/08/17/Screen%20Shot%202017-08-17%20at%2011.40.49%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/08/17/Screen%20Shot%202017-08-17%20at%2011.40.49%20am.jpg" alt="">
Looking specifically at houses, a decade ago only Sydney (35.5%) and Canberra (40.0%) had fewer than 50% of sales below $400,000.
Compared that to the last 12 months, Hobart was the only capital city to have more than 50% (53.2%) of house sales below $400,000.
Today’s research shows a similar, but not quite as dramatic decline in the proportion of units selling under $400,000.
A decade ago, only Sydney (53.9%) and Perth (60.4%) had fewer than 70% of units selling for less than $400,000.
Over the past 12 months, only Adelaide (59.2%) and Hobart (78.3%) had greater than half of all unit sales below $400,000.
<a href="https://www.propertyobserver.com.au/images/2017/08/17/Screen%20Shot%202017-08-17%20at%2011.41.02%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/08/17/Screen%20Shot%202017-08-17%20at%2011.41.02%20am.jpg" alt="">
As dwelling values continue to increase, we anticipate that over the next 12 months the proportion of properties selling for less than $400,000 will further reduce and in the way that the rising number of sales of properties for at least $1 million shows the deteriorating affordability, so too does the significant reduction in the availability of properties priced under $400,000.”
Although the Federal Government attempted to address housing affordability in the Budget this year, in order to improve housing affordability, clearly there is much more work to be done on both supply and demand drivers of the market.
<a href="https://www.propertyobserver.com.au/images/2017/08/17/Screen%20Shot%202017-08-17%20at%2011.41.18%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/08/17/Screen%20Shot%202017-08-17%20at%2011.41.18%20am.jpg" alt="">
A greater supply of stock which could potentially reduce prices would at the very least be a good start however, the supply needs to be supported by sufficient infrastructure and employment opportunities.”
Cameron Kusher is research analyst for CoreLogic. You can contact him <a href="https://blog.corelogic.com.au/about/" target="_blank">here</a>.
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ckusher-ujnxiKuFQs

Housing price barrier increases as under $400,000 housing supply dries up: Cameron Kusher

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House and land packages are attracting investors in Hervey Bay, according to Herron Todd White’s latest August report.
The property investment firm says that lot sizes are steadily decreasing as higher density living rises.
“Investors are typically attracted to standard house and land packages which start at an affordable $330,000 for a basic 4-bedroom, 2-bathroom home with double garage.
“Lot sizes have been steadily reducing over the past five years as Council looks to promote higher density living particularly within the newly established estates located in the fringe areas of Hervey Bay.
“Over the past few years we have seen many duplex style dwellings constructed, with the floor plan providing 3-bedroom, 2-bathroom accommodation (with single garage) on one side, with an attached 2-bedroom, 1-bathroom flat (with single garage).
“These have been very popular with investors with most yielding 6% to 7% gross return, along with attractive tax depreciation benefits.
“This type of property is currently being marketed to interstate investors and we are yet to see a resale of this type of duplex.
“Investors who choose to purchase on the Fraser Coast have a very wide range of property to choose from, with new estates offering a range of turn-key quality inclusions to attract buyers,” the report stated.
A 2360 sqm lot allotment at <a href="https://www.realestate.com.au/property-residential+land-qld-craignish-2499635" target="_blank">38/5 Glen Laton Court</a>, Craignish (above) has been listed for $330,000.
A riverfront 1055 sqm lot allotment at <a href="https://www.realestate.com.au/property-residential+land-qld-burrum+heads-2592706" target="_blank">70 Traviston Way</a>, Burrum Heads (below) has been listed for $350,000.
<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/2017/08/04/70%20Traviston%20Way.jpg" alt="">
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Land lots attracting Hervey Bay investors: HTW

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Australia’s population is booming, with some regions growing by more than 50 percent over the last five years.
In celebration of its upcoming 10th anniversary, <a href="https://www.nearmap.com.au" target="_blank">Nearmap</a>, the Aussie aerial imagery company, has paired its high-res aerial imagery with new Australian Bureau of Statistics data, revealing the country's rapid growth through before and after images of the top 10 fastest growing regions in Australia.
As businesses and local governments work to stay ahead of housing and infrastructure demand, it is becoming increasingly important to fully utilise technology to save time, keep costs down and ultimately speed up delivery of large-scale, long-term developments projects, like those pictured below.
Rob Newman, Nearmap CEO, said from the ground it can be difficult to see the pace at which Australia is growing.
"But when you look at it from the air, you can observe in incredible detail the change occurring across our country, even just in the last five years," he said.
“Nearmap captures, manages and delivers the most frequently-updated high res aerial imagery in the world.
“And by having access to the most up to date information, businesses and government agencies are able to make more informed and strategic decisions, critical for effectively planning and managing urban development as Australia’s population continues to grow.”
Below are the top 10 regions around Australia that have experienced the highest percentage of population growth between 2011 and 2016.
<table style="width: 411px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="48">
Order
</td>
<td valign="top" width="94">
Region name
</td>
<td valign="top" width="83">
2011 population
</td>
<td valign="top" width="83">
2016 population
</td>
<td valign="top" width="57">
Growth
</td>
<td valign="top" width="47">
State
</td>
</tr>
<tr>
<td valign="top" width="48">
1
</td>
<td valign="top" width="94">
Serpentine – Jarrahdale
</td>
<td valign="top" width="83">
17,805
</td>
<td valign="top" width="83">
26,873
</td>
<td valign="top" width="57">
50%
</td>
<td valign="top" width="47">
WA
</td>
</tr>
<tr>
<td valign="top" width="48">
2
</td>
<td valign="top" width="94">
Gungahlin
</td>
<td valign="top" width="83">
47,303
</td>
<td valign="top" width="83">
71,142
</td>
<td valign="top" width="57">
50%
</td>
<td valign="top" width="47">
ACT
</td>
</tr>
<tr>
<td valign="top" width="48">
3
</td>
<td valign="top" width="94">
Melbourne City
</td>
<td valign="top" width="83">
93,612
</td>
<td valign="top" width="83">
135,969
</td>
<td valign="top" width="57">
45%
</td>
<td valign="top" width="47">
VIC
</td>
</tr>
<tr>
<td valign="top" width="48">
4
</td>
<td valign="top" width="94">
North Lakes
</td>
<td valign="top" width="83">
51,568
</td>
<td valign="top" width="83">
71,560
</td>
<td valign="top" width="57">
38%
</td>
<td valign="top" width="47">
QLD
</td>
</tr>
<tr>
<td valign="top" width="48">
5
</td>
<td valign="top" width="94">
Wyndham
</td>
<td valign="top" width="83">
166,020
</td>
<td valign="top" width="83">
221,895
</td>
<td valign="top" width="57">
33%
</td>
<td valign="top" width="47">
WA
</td>
</tr>
<tr>
<td valign="top" width="48">
6
</td>
<td valign="top" width="94">
Kwinana
</td>
<td valign="top" width="83">
29,227
</td>
<td valign="top" width="83">
38,918
</td>
<td valign="top" width="57">
33%
</td>
<td valign="top" width="47">
WA
</td>
</tr>
<tr>
<td valign="top" width="48">
7
</td>
<td valign="top" width="94">
Casey – South
</td>
<td valign="top" width="83">
128,361
</td>
<td valign="top" width="83">
168,177
</td>
<td valign="top" width="57">
31%
</td>
<td valign="top" width="47">
VIC
</td>
</tr>
<tr>
<td valign="top" width="48">
8
</td>
<td valign="top" width="94">
Ormeau – Oxenford
</td>
<td valign="top" width="83">
94,056
</td>
<td valign="top" width="83">
120,883
</td>
<td valign="top" width="57">
28%
</td>
<td valign="top" width="47">
QLD
</td>
</tr>
<tr>
<td valign="top" width="48">
9
</td>
<td valign="top" width="94">
Whittlesea – Wallan
</td>
<td valign="top" width="83">
166,907
</td>
<td valign="top" width="83">
213,708
</td>
<td valign="top" width="57">
28%
</td>
<td valign="top" width="47">
VIC
</td>
</tr>
<tr>
<td valign="top" width="48">
10
</td>
<td valign="top" width="94">
Bringelly – Green Valley
</td>
<td valign="top" width="83">
80,339
</td>
<td valign="top" width="83">
102,811
</td>
<td valign="top" width="57">
28%
</td>
<td valign="top" width="47">
NSW
</td>
</tr>
</tbody></table>
Serpentine - Byford December 2012
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.10.24%20AM.png" alt="">
Byford June 2016
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.11.19%20AM.png" alt="">
Gungahlin - May 2012
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.12.40%20AM.png" alt="">
 
Gungahlin April 2017
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.22.31%20AM.png" alt="">
 Melbourne City - Carlton November 2011
<h1 class="filename"><img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.25.35%20AM.png" alt=""></h1>
 
Carlton May 2017
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.26.16%20AM.png" alt="">
QLD North Lakes
Griffin June 2011
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.27.28%20AM.png" alt="">
Griffin June 2017
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.28.12%20AM.png" alt="">
Wyndham Vale Victoria
January 2012
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.29.12%20AM.png" alt="">
Wyndham Vale February 2017
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.30.03%20AM.png" alt="">
Western Australia
Wandi June 2013
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.31.02%20AM.png" alt="">
Wandi June 2017
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.31.43%20AM.png" alt="">
 Cranbourne East August 2011
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.33.50%20AM.png" alt="">
Cranbourne East March 2017
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.34.23%20AM.png" alt="">
Queensland 
Ormeau Hills May 2010
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.35.36%20AM.png" alt="">
Ormeau Hills June 2017
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.36.30%20AM.png" alt="">
 Victoria
Doreen December 2010
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.37.48%20AM.png" alt="">
Doreen February 2017
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.38.21%20AM.png" alt="">
New South Wales
Cobbitty February 2010
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.39.33%20AM.png" alt="">
Cobbitty April 2017
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.40.18%20AM.png" alt="">
</body></html>

New images reveal Australia’s 10 fastest growing regions

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The ASX-listed property fund manager GDI Group has sold its A-grade commercial office tower at 66 Goulburn Street in Sydney CBD.
It has been sold to the Singapore real estate firm Ascendas-Singbridge for $252 million.
The 24 floor building has 22,929 square metre of space.
Its tenants include Samuel Griffith Chambers, Government Property NSW, Prudential Investment Co, William Buck and the Copyright Agency.
The tower was acquired in 2014 for $136 million when the building had over 6000sq m of vacancy and expiring leases including one for 10,432sq m.
GDI has since leased, renewed or agreed to lease all its net lettable area.
The property is opposite the recently sold 59 Goulburn Street tower, bought by Fortius Funds Management for $158 million.
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