Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

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"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

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After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

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Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

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The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

[smartcode_project:default project_id=135096 project_image_fid=356829]

Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

[smartcode_project:default project_id=135096 project_image_fid=351104]

Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

[smartcode_project:default project_id=135096 project_image_fid=356822]

ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

[smartcode_project:default project_id=135096 project_image_fid=351102]

Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

Joel Robinson

From ONE to ERA: Why buyers are choosing GWH again in Newcastle West

Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.

Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.

"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.

"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."

[smartcode_project:default project_id=4661 project_image_fid=372549]

Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.

"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.

The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."

[smartcode_project:default project_id=4661 project_image_fid=314259]

Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.

According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.

Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.

[smartcode_project:default project_id=4661 project_image_fid=372550]

Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.

The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.

The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.

"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."

The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.

With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.

[smartcode_project_cta:default project_id=4661]

Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.

<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.

The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.

Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.

Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.

[smartcode_project:default project_id=102717 project_image_fid=355297]

The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.

Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.

"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.

The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.

[smartcode_project:default project_id=102717 project_image_fid=355293]

The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.

According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.

The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;

Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;

[smartcode_project:default project_id=102717 project_image_fid=355303]

The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.

"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.

"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."

[smartcode_project:default project_id=102717 project_image_fid=355304]

Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.

Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.

[smartcode_project_cta:default project_id=102717]

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

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]

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

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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<img src="https://counter.theconversation.edu.au/content/80068/count.gif?distributor=republish-lightbox-advanced" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
The great Australia dream of owning your own home is still alive despite the various problems plaguing housing affordability, new Census data shows. Even though the overall home ownership trend remains strong, it’s masking other issues.
The latest 2016 Census data assesses what the national home ownership and rental rates are and how these vary location. It also gives us a picture of mortgage and rental costs.
Comparing home ownership rates since the 2011 Census, there’s a slow but steady decline in home ownership rates overall - down by 2.9% from 64.9% of all Australian households in 2006, to 62.0% in 2016. However, 7.4% of households did not state their housing tenure in the 2016 Census. This accounts for some of the variation in reported rates of home ownership decline. 
This contraction is nowhere of the scale of equivalent falls in home ownership in the US and UK and New Zealand over the same period. 
<a href="https://www.propertyobserver.com.au/images/2017/06/29/Screen%20Shot%202017-06-28%20at%208.14.47%20AM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/06/29/Screen%20Shot%202017-06-28%20at%208.14.47%20AM.png" alt=""> 
What’s more interesting than the overall trend, is the greater decline in outright home ownership, involving no mortgage debt, from 31.0% to 29.6% between 2011 and 2016. There’s also a lesser decline in home owners who are purchasing with mortgage debt 33.3% in 2011 compared with 32.4% in 2016. 
The opportunity households now have to borrow against their mortgage loans for spending undoubtedly accounts for some of this change. Also contributing to this is home purchasers are less likely to reach retirement age with no remaining mortgage debt, in the same numbers as previous eras.
Another aspect of housing affordability is masked by these numbers - the wide variation in being able to purchase a home according to age and income. Recent evidence indicates would-be-home-owners try various means including very high mortgage debt and moving to outer urban locations away from employment and into smaller dwellings, to be able to buy a house. Some even delay having kids. 
<a href="https://www.propertyobserver.com.au/images/2017/06/29/Screen%20Shot%202017-06-28%20at%208.18.03%20AM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/06/29/Screen%20Shot%202017-06-28%20at%208.18.03%20AM.png" alt="">
Census figures show that for people wanting to purchase a home, a change in state or city location may be an option. According to the data Darwin was the most expensive city to buy in, whereas Hobart was the cheapest for home purchasers.
For households across the income spectrum, 7.2% of purchasers are paying more than 30% of their income on mortgage costs, the data shows. This figure is likely to be far higher among the lowest income (40% of households) for whom such costs place them in housing poverty.
Given the national obsession with investment in private rental, it’s no surprise that the proportion of all Australian households now renting has also increased. Census 2016 results show the private rental sector grew in size, from 20.2% in 2006, to 22.0% in 2011 and to 23.6% in 2016. In 2016 a total of 2,089,633 Australian households rented privately, either from real estate agents or private landlords.
The growth of the private rental sector largely reflects the high costs of home purchase. Many households who rent have a relative lack of security and control over rental increases.
<a href="https://www.propertyobserver.com.au/images/2017/06/29/Screen%20Shot%202017-06-28%20at%208.19.36%20AM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/06/29/Screen%20Shot%202017-06-28%20at%208.19.36%20AM.png" alt="">
For those unable to pay rent in the private market, social housing is likely to provide little relief. Census data shows overall rates of social housing declining from 4.7% in 2006 to 4.0% in 2016. In this context, the growth in rates of homelessness in the last decade is perhaps not surprising.
For Indigenous Australians, the housing picture is different. Census 2016 data show among households in which at least one resident is Aboriginal and/or Torres Strait Islander, 12.2% are outright owners, 25.9% are purchaser owners, 32.4% are renting privately. Around a fifth of households, 21.5%, live in social housing, reflecting targeted social housing programs in metropolitan, rural and regional areas.
Overall, home ownership has not changed as dramatically in the last decade, as some would have anticipated. However, it’s likely with the labour market being what it is and the adaptations people are making to try and buy a home, there may be longer-term problems to be seen in future.
Excessive household debt, polarisation of cities into low and high income earning areas and deepening family housing constraints indicate these Census figures likely mask bigger problems. This may translate over time into a more costly social problem, as increasing proportions of households require housing assistance of some form. Australian society could become even more divided on the basis of housing wealth and opportunity, if these trends continue, as we expect they will.
<a href="https://theconversation.com/profiles/wendy-stone-9804" target="_blank">Wendy Stone</a> is Associate Professor, Centre for Urban Transitions, Swinburne University of Technology.
<a href="https://theconversation.com/profiles/kath-hulse-228874" target="_blank">Kath Hulse</a> is Research Professor, Centre for Urban Transitions, Swinburne University of Technology.
<a href="https://theconversation.com/profiles/margaret-reynolds-324336" target="_blank">Margaret Reynolds</a> is Researcher, Centre for Urban Transitions, Swinburne University of Technology.
<a href="https://theconversation.com/profiles/terry-burke-1268" target="_blank">Terry Burke</a> is Professor of Housing Studies, Centre for Urban Transitions, Swinburne University of Technology.
All are authors for The Conversation.
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j.ballantyne1990-6AQqhLzZaK

Home ownership remains strong in Australia but it masks other problems: Census data

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Mandarin Oriental Hotel Group will develop a luxury hotel and residences on Melbourne's Collins Street slated to open in 2023.
The project is being developed by Melbourne-based property developer, Landream.
The development, titled Mandarin Oriental, will feature 196 guestrooms and suites as well as 148 residences, located on the tower’s upper floors.
The building design was created by architect Dame Zaha Hadid.
James Riley, Group Chief Executive of Mandarin Oriental said they are delighted with the opportunity to open their first hotel in Australia and look forward to bringing Mandarin Oriental’s legendary hospitality to Melbourne.
“This new development will be a welcome addition to the brand’s growing global portfolio,” he said.
Kevin Li, Managing Director of Landream said the Mandarin Oriental, Melbourne will set a new standard for luxury service in the city and will offer a preferred choice to travellers and potential homeowners who desire the finest accommodation.
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jonathanchancellor-7SQnKwU6yx

Mandarin Oriental to open luxury hotel and residence on Collins Street

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The country’s largest lender, Commonwealth Bank, has raised rates for interest-only home loans while reducing owner-occupier principal and interest variable rates.
Variable interest only home loan rates for owner-occupiers and investors will increase by 30 basis points. 
The bank said in a media release that the move to raise interest-only loan rates was “to meet our regulatory requirements”.
CBA followed its rivals by lifting rates for customers who opt for interest-only repayments while offering a small reward to home owners paying down their debt.
For owner-occupiers standard variable rate for those repaying principal and interest there will be a reduction of three basis points to 5.22 percent p.a.
The rates are effective from July 7.
Around 80 per cent of owner-occupier customers are repaying principal and interest, and these changes can help these borrowers own their home sooner, said the bank. A customer with an average mortgage of $350,000 will save $78 a year.
Owner-occupiers paying interest-only will pay an extra $88 a month or $1,056 a year, while investors paying interest-only, will pay CBA an extra $87 a month, or $1,044 a year.
Comparison website RateCity.com.au CEO Paul Marshall said there is now nowhere left to hide for Big 4 mortgage holders paying interest-only.
“The big banks have unanimously decided to hike rates for both new and existing customers despite the fact APRA’s most recent cap on interest-only was for new lending.”
“We are supportive of the banking regulator’s moves to manage the level of growth and resiliency in the housing market,” said a CBA release.
RBA had noted in its latest Financial Stability Review that interest-only loans account for a sizeable and growing share of total housing credit in Australia and such lending could increase households’ vulnerability in part due to the higher average level of indebtedness over the life of an IO loan compared with a regular principal-and-interest loan.
“If you’re an investor who wants to keep paying interest-only, your only reprieve from relatively high rates will be switching to a smaller lender,” said RateCity’s Marshall.
“Right now there are still a couple of investor rates offering interest-only terms under 4 per cent, but they’re earmarked as dying breed.”
Meanwhile, Matt Comyn, group executive of Retail Banking Services at CBA, added that the changes also “help us keep the right balance in our home loan portfolio, in line with what our regulators require”.  
All the major banks have been nudging customers with interest-only payments to switch to principal and interest repayments. 
These interest only changes are not in response to the bank levy that was announced as part of the Federal Budget in May, CBA said.
However, Marshall said that while owner-occupiers paying down their principal would welcome the reduction, the cuts weren’t exactly stacking up with the hikes.
“We would challenge the big banks to pass on more of the savings to mortgage holders who are doing the ‘right’ thing by paying off their loan,” he said, adding borrowers could try to shift to a smaller lender with more competitive rates.
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Commonwealth Bank raises rates for interest-only loans

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GUEST OBSERVER
Australia’s population expanded by 372,805 people over the year to December 2016 to 24,385,625 people.
Overall, Australia’s annual population growth rate rose from 1.547 percent to 1.553 percent – the fastest population growth in almost three years.
Upward revision: With the release of the latest Census data, population estimates have been revised higher. The initial estimate of Australia’s population in the September quarter was revised up by 87,000.
Victoria leads: Over the past year population growth was the strongest in Victoria (2.40 per cent, just short of the June quarter 16 record of 2.42 per cent), followed by the ACT (1.71 per cent), NSW (1.52 per cent), Queensland (1.46 per cent), Western Australia (0.66 per cent), South Australia (0.61 per cent), Tasmania (0.58 per cent) and the Northern Territory (0.26 per cent).
Census data: The Australian Bureau of Statistics (ABS) has released a raft of data from the 2016 Census. Of interest, the median mortgage repayment fell 2.5 per cent to $1755 a month in the five years to 2016 while household income lifted 16.4 per cent and family income rose by 17.1 per cent.
The population figures are especially important for companies exposed to home building and consumer spending. The Census data is important for all businesses in planning new markets.
What does it all mean?
Victoria remains the population leader – a position it has for over two years. Before that, you have to go back to 1888 to find a time when Victoria held the position of the state with the fastest population growth. And not only is Victoria’s population growing at near the fastest rate on record, population numbers in the state have been revised up by 87,000.
Population is growing faster than decade averages in Victoria, NSW and Tasmania, underpinning housing demand. Interestingly Tasmania’s population growth rate has almost doubled in less than two years, driving growth for the local economy. 
<a href="https://www.propertyobserver.com.au/images/2017/06/26/Screen%20Shot%202017-06-27%20at%2012.56.16%20PM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/06/26/Screen%20Shot%202017-06-27%20at%2012.56.16%20PM.png" alt="">
Australia’s baby boom continues. A total of 311,000 babies were born over the past year, just below the highest annual total on record. More hospitals and schools will be needed. Hopefully policymakers quickly get across the latest Census data quickly.
There are more people in Australia than previously estimated – in fact 87,000 extra people, requiring an extra 33,000 homes. Most of the “extra” people have been “found” in Victoria. But there are 58,000 fewer people in Western Australia than previously believed.
Amongst some of the interesting Census data released, the median mortgage repayment fell 2.5 per cent to $1,755 a month in the five years to 2016 while household income lifted 16.4 per cent. The data will be closely dissected by investors on a regional basis to gain insights on housing affordability.
The proportion of families renting is now broadly equal to those owning homes outright. This highlights the fact that interest rate decisions now only really interest 32 per cent of the population.
What do the figures show?
Population Statistics:
Australia’s population expanded by 372,805 people over the year to December 2016 to 24,385,625 people. Overall, Australia’s annual population growth rate rose from 1.547 per cent to 1.553 per cent – the fastest population growth in almost three years.
Over the past year population growth was the strongest in Victoria (2.40 per cent, just short of the June quarter 2016 record of 2.42 per cent), followed by the ACT (1.71 per cent), NSW (1.52 per cent), Queensland (1.46 per cent), Western Australia (0.66 per cent), South Australia (0.61 per cent), Tasmania (0.58 per cent) and the Northern Territory (0.26 per cent).
Australia’s population grew by 78,397 people over the December quarter.
A total of 209,000 people migrated to Australia over year to December, up from 198,900 in the year to September and the biggest annual gain in three years. Still, growth is still down the peak of 315,700 migrants in the year to December 2008.
There were 311,000 babies born in the past year – just shy of the record growth of 315,500 babies born in the year to June 2016.
Population growth in Victoria is 19.4 per cent above the decade average and population in NSW is 9.2 per cent above the decade average.
<a href="https://www.propertyobserver.com.au/images/2017/06/26/Screen%20Shot%202017-06-27%20at%2012.58.15%20PM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/06/26/Screen%20Shot%202017-06-27%20at%2012.58.15%20PM.png" alt="">
Census revisions
Following the release of Census data today, population estimates for the last five years can be updated. The population estimate for Australia in the September quarter has been revised up by 87,000. The biggest upward revision was for Victoria (+111,000), followed by NSW (+15,000), Queensland and the ACT (both +7,000); South Australia (+5,000). There was no change to population estimates for the Northern Territory and downward revisions for Tasmania (-1,000) and Western Australia (-58,000).
Census data
On average across Australia the median age of Aussies was 38; there were 0.9 people per bedroom; there were 2.64 people per dwelling (up from 2.63 people in 2011 and 2.61 people in 2006).
Between 2011 and 2016 the median household income rose by 16.4 per cent to $1,432 a week with the family income up by 17.1 per cent to $1,734 a week. The median rent rose 17.5 per cent to $335 a week and the median mortgage fell by 2.5 per cent to $1.755 a month. 
The proportion of families living in detached houses fell from 74.2 per cent in 2011 to 71.6 per cent in 2016; those in apartments fell from 14.3 per cent to 13.7 per cent; but those in semi0detached homes rose from 9.9 per cent to 12.7 per cent.
Why is the data important?
Demographic Statistics are issued by the Bureau of Statistics each quarter. The figures include estimates of births, deaths, in-bound and out-bound migration movements and estimates of population change by State.
What are the implications?
There are more people in Australia than previously believed and population growth remains solid. In short, the economy has much momentum. The latest strong employment figures can indeed be believed.
<a href="https://www.propertyobserver.com.au/images/2017/06/26/Screen%20Shot%202017-06-27%20at%2012.59.27%20PM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/06/26/Screen%20Shot%202017-06-27%20at%2012.59.27%20PM.png" alt="">
Demand for infrastructure continues to rise, boosting the outlook for builders, building material companies and construction companies.
Income has risen strongly over the past five years but the median mortgage has actually gone backwards. The data throws new light on estimates of housing affordability.
The number of people per home continues to edge higher, highlighting the need to build more homes.
CommSec believes that cash rates will remain unchanged over the coming year. 
Craig James is the chief economist at <a href="https://www.comsec.com.au/default.aspx" target="_blank">CommSec</a>.
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cjames-5S2v74qSNK

Fastest population growth in three years: Craig James

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Building a granny flat could offer a stepping stone into the Sydney property market.
George Nori, How-Nano Homes managing director said today's granny flats are a combination of advanced modular design, luxury features and technology.
“As well as offering the perfect wholistic solution for first home buyers, a How-Nano Home on a property gives excellent, flexible long-term investment opportunities for families at all stages in life," he said.
"Parents can help all their children, not just one, they can downsize into the How-Nano Home when their children leave, or they can use it as an investment vehicle...the opportunities are endless.
“With a little help from their parents, home ownership can be accomplished in an amazingly short time frame.
“By using the $10k first home buyers’ grant, Stamp Duty Concession and the recently-announced changes to superannuation, and the FHB How-Nano home strategy to enter the market, Sydney first home buyers at last have a real solution.
"They are luxurious homes designed for modern living.
"Designs can be personalised with solar power and water tanks, or first home buyers can select a package that comes fully equipped with furniture, electronics and white goods.
"They are an excellent solution for first home buyers looking to get a start on the property ladder.
The rising interest in granny flats as a first home solution has encouraged How-Nano Homes to run educational seminars (‘Strategies and Solutions for First Home Buyers’) in and around Sydney: Dee Why RSL (17th July); Gosford Golf Club (18th July); Club on East Sutherland (24th July); Wests Illawarra (Wollongong – 25th July); Western Suburbs Leagues Club (Leumeah – 31stJuly); Penrith RSL (1st August).
For more information on How-Nano Homes and the Strategies and Solutions for First Home Buyers seminars, <a href="https://how-nanohomes.com.au" target="_blank">click here</a>.
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Granny flat an answer for Sydney first home buyers

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GUEST OBSERVER
The results of the 2016 Australian Census clearly demonstrate the swing to urban living across the country. 
In the five years between the 2011 census and the 2016 census Australia’s capital cities have grown by 10.5 percent compared to the rest of the country at 5.7 percent. 
Two thirds of Australians now live in our capital cities with Sydney and Melbourne being the largest cities.
The swing to a more urban population is also demonstrated by the growth in the number of people now living in urban apartments. In 2011 Sydney’s apartment dwellers were 25.8 percent of home dwellers and this has grown to 28.1 percent in the 2016 census. 
With around 70 percent of all dwellings constructed in Sydney over the last year being apartments the percentage of dwellings that are apartments will continue to grow.
Another growing trend is towards renting apartments in cities. In 2011, 31.6 percent of residents were renters in Sydney and this has grown to 34.8 percent in the 2016 census.
As cities like Sydney and Melbourne increase their populations over the next 40 years both will become cities of 8 million people. 
This is the same size as the current populations of London and New York so we must plan for this type of city in the future.
The swing to apartment living will inevitably lead to greater densities in cities like Sydney and these will be mainly in apartment buildings located around railway stations. Just like the impressive Metro and Subway rail systems of New York and London, Sydney and Melbourne will need to develop sophisticated metro rail networks to underpin where future densities are located.
An interesting statistic in the census data is that for the first time in our history the majority of people born overseas are from Asia not Europe. This is a trend that will continue and this is likely to increase the swing towards more urban living in higher densities.
The Urban Taskforce developed an Urban Living Index with McCrindle Research based on the 2011 census to measure the quality of urban living across Sydney. We will be updating the index with the 2016 census data to see which suburbs of Sydney rate highest in terms of urban living.
Chris Johnson is chief executive officer of property development industry group Urban Taskforce and can be contacted <a href="https://www.urbantaskforce.com.au/index.php?option=com_content&amp;view=article&amp;id=97&amp;Itemid=126#.Vdaart55dFI" target="_blank">here</a>.
</div>
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cjohnson-8xfqfuuCSq

2016 Census shows Aussies choosing urban living: Chris Johnson 

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Alkira, the audacious Cape Tribulation trophy home, has been bought by a unit trust linked to Melbourne accountant David Brandi and his wife Tina.
Its $4 million price emerged this week on Queensland land title records. 
Stamp collector Rodney Perry and wife Marider had it designed for its Daintree location by architect Charles Wright, looking like its floating on the water which surrounds it.
Set on 29 hectares, the home splits off into six separate bedrooms pods, all with en suites and five with balconies which protrude over the lake.
The property won the 2014 Queensland Architecture Award. It has been listed by Unique Estates Australia. 
The name is Aboriginal for a happy place in the sun.
This article first appeared in The Weekend Australian Mansion Australia section.
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Cape Tribulation trophy home Alkira sold

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Mirvac's residential development Gainsborough Greens in Queensland's Pimpama has finalised its 1000th sale, with the region being named Australia's fastest growing housing market by the Housing Industry Association.
The development has cleared $275 million in sales since it was officially launched to the market in 2011.
More than 150 homesites have been taken in 2017, totaling $41 million.
Mirvac Queensland Residential General Manager, Warwick Bible, said the high demand for property in Gainsborough Greens, one of the largest masterplanned communities underway on the Gold Coast, was driven by a number of factors.
"Buyers can build a brand new home in Gainsborough Greens for less than  it would cost to purchase an older-style home, which may require renovation, in the central Gold Coast, just a few minutes drive south," he said.
"Considering recent figures from CoreLogic revealed the median house price on the Gold Coast had hit a record high of $600,000 in the 12 months to December, the starting price for house and land at Gainsborough Greens, which is currently $482,910, offers great value.
"There are also significant benefits that come with building a new home, such as the ability to choose the design and layout that best suits your lifestyle, including the latest fittings and finishes.
"The design of Gainsborough Greens and the location in Pimpama added to the appeal, with the community attracting a range of buyers, from first home buyers through to upgraders and empty nesters.
"A lot of purchasers comment on the green leafy surroundings and the community atmosphere at Gainsborough Greens, both of which we have significantly invested in.
"Around 65 percent of the community is dedicated to green open space, including parks and natural bushland reserve, and we have a regular calendar of events for all our residents, and the broader community, to enjoy.
"The location, with quick access to the motorway, also makes commuting to both the Gold Coast and Brisbane CBDs easy, and the ever-expanding array of infrastructure in the area, including some of the city's newest schools and shopping villages, adds to the lifestyle for residents."
Shane Stefanac and Melissa Gilmour will move into their new four-bedroom home at Gainsborough Greens later this year, after purchasing a homesite in the Pimpama community.
Mr Stefanac said the couple initially had their sights set on buying an existing home, until he discovered Gainsborough Greens by 'accident'.
"I came across Gainsborough Greens while going for a ride on my motorbike and thought it looked like a really nice community," he said.
"I had such a good feeling about the area that I went home and spoke to Mel about it and a week later we had purchased a block of land to build our dream home.
"We had been looking at existing homes for a while, but had been unable to find one that featured everything we were looking for in our price range.
"At Gainsborough Greens, Mel was able to design our new home from the ground up, just the way we wanted it. It is really nice to know we can build our home without the hassle of having to renovate."
"We decided to sell our apartment in Biggera Waters to build our new home.
"Both Mel and I love that there is so much natural bushland. It reminds me of growing up in Mudgeeraba and that rural feeling.
"It is definitely the perfect location to raise a family, halfway between the centre of the Gold Coast and Brisbane.
"Mel and I both work in Labrador, so it is really easy to get to work on the motorway and we also spend a lot of time in Brisbane with friends.
"Gainsborough Greens is really the perfect location for our lifestyle."
The Housing Industry Association named Pimpama as Australia's fastest growing housing market in its 'Population and Residential Building Hotspots 2017' report, based on population growth and residential building activity.
Homesites at Gainsborough Greens are priced from $246,000.  For more information, <a href="https://gainsboroughgreens.mirvac.com" target="_blank">click here</a>.
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Gainsborough Greens tees up 1000th settlement

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Buying and renovating residential properties have become popular in Horsham, according to Herron Todd White’s latest report.
The property investment firm says that housing affordability is one of the main driving factors.
“The interest in buying and renovating residential properties has been increasingly popular within the Horsham market due to two main driving factors: housing affordability and the increasing popularity of home renovation shows.
“The renovation sector is dominated by owner- occupiers, using this opportunity to enter the property market and slowly develop a house into a home.
“Investors generally do the bare minimum to a property, only making it attractive to prospective tenants.
“The Horsham West area is becoming increasingly popular with buyers, due to its many older style homes that provide an opportunity to be renovated.
“If done to a tradesman like quality, these can achieve greater returns if looking to on-sell.
“While it is an increasingly popular pastime, renovators looking to on-sell a property must always keep in mind the current market conditions and be sure not to over capitalise in order to recoup the cost of the renovation,” the report stated.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-vic-horsham-125679078" target="_blank">233 Blue Ribbons Road</a>, Horsham (above) has been listed for between $435,000 to $465,000.
Similarly a recently renovated four bedroom house at <a href="https://www.realestate.com.au/property-house-vic-horsham-124923710" target="_blank">32 Searle Street</a>, Horsham (below) has been listed for $257,000.
<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/2017/06/20/32%20Searle%20Street.jpg" alt="">
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Renovation work in Horsham rising in popularity: HTW

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Logan Reserve ranks number one as the Queensland locality with highest housing stock growth, according to Investar’s latest June report.
The property investment firm says that Logan Reserve’s house stock has increased by 181 percent, from 64 offerings last year to 180 now.
This is followed by Holmview with 93 percent and Jensen with 89 percent.
<table style="width: 465px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="108">
Suburb
</td>
<td valign="top" width="64">
Postcode
</td>
<td valign="top" width="82">
Current median price
</td>
<td valign="top" width="70">
Current sales stock
</td>
<td valign="top" width="70">
Sales stock 1 year ago
</td>
<td valign="top" width="70">
Sales stock growth
</td>
</tr>
<tr>
<td valign="top" width="108">
Logan Reserve
</td>
<td valign="top" width="64">
4133
</td>
<td valign="top" width="82">
$416,000
</td>
<td valign="top" width="70">
180
</td>
<td valign="top" width="70">
64
</td>
<td valign="top" width="70">
181%
</td>
</tr>
<tr>
<td valign="top" width="108">
Holmview
</td>
<td valign="top" width="64">
4207
</td>
<td valign="top" width="82">
$425,000
</td>
<td valign="top" width="70">
112
</td>
<td valign="top" width="70">
58
</td>
<td valign="top" width="70">
93%
</td>
</tr>
<tr>
<td valign="top" width="108">
Jensen
</td>
<td valign="top" width="64">
4818
</td>
<td valign="top" width="82">
$476,000
</td>
<td valign="top" width="70">
36
</td>
<td valign="top" width="70">
19
</td>
<td valign="top" width="70">
89%
</td>
</tr>
<tr>
<td valign="top" width="108">
Jacobs Well
</td>
<td valign="top" width="64">
4208
</td>
<td valign="top" width="82">
$511,500
</td>
<td valign="top" width="70">
57
</td>
<td valign="top" width="70">
32
</td>
<td valign="top" width="70">
78%
</td>
</tr>
<tr>
<td valign="top" width="108">
Helidon
</td>
<td valign="top" width="64">
4344
</td>
<td valign="top" width="82">
$315,000
</td>
<td valign="top" width="70">
32
</td>
<td valign="top" width="70">
18
</td>
<td valign="top" width="70">
77%
</td>
</tr>
<tr>
<td valign="top" width="108">
Brookwater
</td>
<td valign="top" width="64">
4300
</td>
<td valign="top" width="82">
$679,000
</td>
<td valign="top" width="70">
62
</td>
<td valign="top" width="70">
36
</td>
<td valign="top" width="70">
72%
</td>
</tr>
<tr>
<td valign="top" width="108">
Griffin
</td>
<td valign="top" width="64">
4503
</td>
<td valign="top" width="82">
$479,000
</td>
<td valign="top" width="70">
176
</td>
<td valign="top" width="70">
104
</td>
<td valign="top" width="70">
69%
</td>
</tr>
<tr>
<td valign="top" width="108">
Rockville
</td>
<td valign="top" width="64">
4350
</td>
<td valign="top" width="82">
$280,000
</td>
<td valign="top" width="70">
37
</td>
<td valign="top" width="70">
22
</td>
<td valign="top" width="70">
68%
</td>
</tr>
<tr>
<td valign="top" width="108">
Collingwood Park
</td>
<td valign="top" width="64">
4301
</td>
<td valign="top" width="82">
$382,000
</td>
<td valign="top" width="70">
175
</td>
<td valign="top" width="70">
105
</td>
<td valign="top" width="70">
66%
</td>
</tr>
<tr>
<td valign="top" width="108">
Caloundra West
</td>
<td valign="top" width="64">
4551
</td>
<td valign="top" width="82">
$449,500
</td>
<td valign="top" width="70">
252
</td>
<td valign="top" width="70">
161
</td>
<td valign="top" width="70">
56%
</td>
</tr>
</tbody></table>
A four bedroom house at <a href="https://www.realestate.com.au/property-house-qld-logan+reserve-125458590" target="_blank">Lot 638 Livingstone Street</a>, Logan Reserve (above) has been listed for $405,500.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-logan+reserve-124586378" target="_blank">17 Lake Broumba Street</a>, Logan Reserve (below) was sold in March for $415,000.
<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/2017/06/13/17%20Lake%20Broumba%20Street.jpg" alt="">
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