Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

Joel Robinson

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
</section>
</section>

[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Local Little Bay residents, along with buyers from premium postcodes across Sydney’s affluent Eastern Suburbs, have dominated purchases in developer-builder Urban Property Group’s first Eastern Suburbs apartment development, <a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a>.

The $250 million coastal project, one of the first new developments in the area in several years, has proven particularly popular with downsizers, especially those from Coogee and Bondi. One Double Bay downsizer paid $4.7 million for a four-bedroom penthouse, setting a new local apartment price record in the process.

Buyers have been attracted to the combination of coastal tranquillity, premium design and amenity-rich neighbourhood living. The walkable village setting, along with proximity to three of Sydney’s leading golf courses, New South Wales Golf Club, St Michael’s Golf Club and The Coast Golf Club, has also been a key drawcard.

[smartcode_project:default project_id=112343 project_image_fid=352689]

Built across two low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis</a> and set along a lush, landscaped green spine, designed by leading landscape architect <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, ESTE Little Bay offers a collection of one, two, three and four-bedroom residences with interiors by Richards Stanisich.

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> Sales Director, Tom McIvor said the response to ESTE has been "nothing short of extraordinary."

“Buyers have been quick to recognise ESTE as a rare opportunity to invest in a coastal sanctuary that offers both seclusion and connectivity to the heart of Sydney,” McIvor said.

[smartcode_project:default project_id=112343 project_image_fid=352687]

<a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Senior Director, <a href="https://www.apartments.com.au/project-marketer/srm-residential">Clayton Ross</a> said the local market has responded incredibly well, driven by ESTE’s exceptional location and the rarity it offers.

“We’ve seen strong interest from a variety of buyer groups, all of whom are drawn to the exclusivity and quality of the build and construction by the 4.5-star iCIRT-rated builder / developer, Urban Property Group. There’s truly nothing else like it along Sydney’s coastline.”

[smartcode_project:default project_id=112343 project_image_fid=352690]

The project also includes robust buyer protections, including Resilience Insurance’s Latent Defects Insurance, providing 10 years of structural cover, and an independent iCIRT-rating of the developer.

“The iCIRT-rating adds another layer of confidence,” Ross added. “Buyers see it as a safeguard for their investment and their lifestyle.” A highlight of ESTE’s offering is its exclusive wellness amenities, including a heated rooftop infinity pool and outdoor heated spa, a state-of-the-art Technogym fitness centre, and a sauna.

<a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a> is topped out and is on track to complete towards the end of 2026, with residents moving in before Christmas.

[smartcode_project_cta:default project_id=112343]

Eastern Suburbs buyers snap up ESTE Little Bay apartments

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

Often the coveted suburbs to buy a home are some of the priciest &ndash; which means buyers with a lower budget generally begin to look further afield to get on the property ladder.

Sometimes buyers luck out, purchasing a property in a less popular area where the median house price is relatively low.

Over time, suburb population grows and local businesses arise often driving demand for residential property.

We&#39;ve mapped out a few of the key features to look for in a burgeoning suburb.

<h2>Planned infrastructure upgrades</h2>

Familiarise yourself with each local council&#39;s planning applications and pipeline of infrastructure upgrades.

Often when money is invested in a suburb, it adds to the desirability of the area. Note that timeframes provided are usually only indicative, are often subject to planning approvals and may be subject to delays.

[smartcode_project:default project_id=28126 project_image_fid=186051]

<h2>Fringe suburbs of already popular neighbourhoods</h2>

Don&#39;t be afraid to extend your search radius. As populations grow, fringe suburbs are becoming more densely populated, and with more people comes more businesses, infrastructure upgrades and a thriving community.

[smartcode_project:default project_id=22803 project_image_fid=170888]

<h2>Well-thought-out master-planned communities</h2>

The development of a master-planned community gives an area an instant population boost.

A thoughtfully designed masterplan will also deliver active open space, additional schooling, retail and dining and healthcare.

Many master-planned communities will also have extra space for businesses to operate from &ndash; meaning you can work close to home.

[smartcode_project:default project_id=28168 project_image_fid=186035]

<h2>Decent public transport and motorway connections</h2>

Getting to and from the areas you spend most of your time socialising and working with ease is an important consideration when choosing a location to buy your first property.

Are you within close proximity to a reliable bus route?

Is there a park and ride near the train station, or is the train station within walking distance?

Is the property within easy access to a direct route motorway or freeway to the city?

If not, then check for any infrastructure upgrades planned for the area in future.

[smartcode_project:default project_id=3494 project_image_fid=184720]

<hr />
<h2>&nbsp;</h2>

<h2>MIRVAC | FIRST HOME BUYER HUB</h2>

How do I go about buying my first home?

If this is a question you find yourself asking, use the&nbsp;Mirvac&nbsp;First Home Buyers checklist to learn the 11 key steps in the buying process for first home buyers.

<h2><a href="http://firsthome.mirvac.com/?utm_source=urban&amp;utm_medium=organic">Complete the Quiz*</a></h2>

[smartcode_project:default project_id=93788 project_image_fid=186245]

<hr />
Important note: The information in this article is general information only and has been prepared without taking into account your personal circumstances. While every care has been taken to ensure the accuracy of the information, Urban cannot be held liable for any inaccuracies, errors or omission. 

The information in this article does not constitute legal, tax or financial advice and you should always seek professional advice before purchasing property in relation to your individual circumstances.

Often the coveted suburbs to buy a home are some of the priciest – which means first home home buyers limited by budget generally begin to look further afield to get on the property ladder. We've mapped out a few of the key features to look for in a burgeoning suburb.

urban.com.au

How to pick an up-and-coming suburb to buy your first home

Buying a home within a well-curated masterplanned community can be a smart property purchase because with infrastructure upgrades comes future population growth, business and investment opportunities.

However, when selecting the right masterplanned community to call home, you want to ensure the developer facilitating the project knows what they&#39;re doing &ndash;&nbsp;as it&#39;s a significant undertaking.

With a proven track record of 50 years (and counting) of delivering significant multi-residential developments across Australia, many buyers place their trust in ASX-listed developer Mirvac.

Here are four Mirvac masterplanned communities that we believe pose a great opportunity for buyers in the current market:

<h2>One71 Baldivis, Western Australia</h2>

[smartcode_project:default project_id=93786]

Located approximately 30 minutes south of Perth* is Mirvac&#39;s master-planned community, One71 Baldivis.

Situated in a highly coveted area, you&#39;re about 10 mins from Rockingham Beach*, walking distance to Sheoak Grove Primary School and approximately a 3-minute drive to Baldivis Shopping Centre.

You&#39;ll be able to access the CBD via the Kwinana Freeway or enjoy exploring your own neighbourhood with the central Pump Park, perfect for weekend picnics and evening barbeques with friends and family.

<h2>Olivine, Victoria</h2>

[smartcode_project:default project_id=28126 project_image_fid=186049]

Olivine by Mirvac is a new community situated in Melbourne&#39;s north, in the heart of Donnybrook.

The thoughtfully designed masterplan seeks to encompass everything buyers are looking for &ndash; considered amenities, spacious homes and a home surrounded by nature.

Spend your days exploring the community or relaxing amongst the retained 200-year-old River Red Gum trees.

Olivine is Mirvac&#39;s largest estate in Victoria to date**, set on an expansive 187 hectares, with approximately 9 hectares dedicated to active open space for community use.

<h2>Georges Cove Residences, New South Wales</h2>

[smartcode_project:default project_id=93783]

Perfectly positioned within the established suburb of Liverpool is Mirvac&#39;s Georges Cove master-planned community.

You&#39;ll be within minutes from great local schools, restaurants and cafes. Accessing Sydney CBD is a breeze, with the M5 and major arterial roads nearby.

Within the community, you&#39;ll be able to enjoy making the most of the considered lifestyle amenities on offer, including a swimming pool and covered barbeque area, situated within stunning landscaped gardens.

You&#39;ve got bus services within walking distance in the area, and the Holsworthy Train is only about 3 kilometres away*.

<h2>Everleigh, Queensland</h2>

[smartcode_project:default project_id=28498]

Everleigh by Mirvac is an award-winning house and land estate situated in the heart of Greenbank, within Brisbane&#39;s fastest-growing south-west corridor.

With more than 37% of Everleigh dedicated to open space, residents will be able to immerse themselves in nature.

A state primary school and a neighbourhood centre are also part of the masterplan for the Everleigh Greenbank community*.

Located just 40 kilometres south of Brisbane CBD, Greenbank is a thriving community with plenty of local infrastructure and amenities for residents to enjoy, including Greenbank Shopping Centre nearby and parks, playgrounds and about 148 hectares of bushland and walking trails.

<h2>The Peninsula Burswood, Western Australia</h2>

[smartcode_project:default project_id=13262 project_image_fid=31805]

Enjoy riverside walks and cycle trails in your weeks, venture to Perth CBD in under 10 minutes and enjoy relaxing in your own urban oasis.

Mirvac&#39;s central masterplanned community, The Peninsula, encapsulates the ultimate inner-city living, with expansive parklands and spacious homes.

Live within a stone&#39;s throw to some of Perth&#39;s most sought after restaurants, world-class entertainment and catch a game or concert at Optus Stadium which is only a short stroll away.

<h2>Quay Waterfront Newstead, Queensland</h2>

[smartcode_project:default project_id=90553 project_image_fid=147606]

For the past two decades, Mirvac has been instrumental in shaping Waterfront Newstead as a coveted place to live alongside the Brisbane River.

Quay, is the exciting new chapter in the development story. With a collection of 1, 2, 3 and 4 bedroom apartments &ndash; with stunning views and intuitive layouts &ndash; there&#39;s truly something special for everyone.

You could start your day with yoga in the wellness centre or swimming laps of the skyline in the rooftop pool, spend your evenings catching the spectacular sunset from the rooftop terrace, drink in hand, or spend your weekends enjoying all the lifestyle offerings Newstead is renowned for.

<h2>Green Square, New South Wales</h2>

[smartcode_project:default project_id=30049 project_image_fid=162884]

Located approximately 4 km from Sydney CBD* and within walking distance to a train station is Mirvac&#39;s Green Square development. A selection of apartments and terraces are available for sale.

With environmental sustainability at the forefront of design, homes at Green Square will be the first multi-residential development to seek WELLV2 certification^.

<h2>Voyager, Victoria</h2>

[smartcode_project:default project_id=3494 project_image_fid=184725]

The 43-storey tower will become a signature landmark for Yarra&#39;s Edge in Melbourne&#39;s Docklands. Voyager is currently the tallest tower within the masterplanned precinct, offering some expansive views of the city skyline, with a selection of residences available for sale, including some with north-facing river frontage.

Yarra&#39;s Edge is an inner-city sanctuary, with approximately 3.7 hectares of open space and about 1,000 square metres of retail. Residents may also obtain access to the luxurious Wharf Club and Yarra&#39;s Edge Marina.

<hr />
&nbsp;

<h2>MIRVAC | FIRST HOME BUYER HUB</h2>

How do I go about buying my first home?

If this is a question you find yourself asking, use the&nbsp;Mirvac&nbsp;First Home Buyers checklist to learn the 11 key steps in the buying process for first home buyers.

<h2><a href="https://firsthome.mirvac.com/?utm_source=urban&amp;utm_medium=organic">Complete the Quiz*</a></h2>

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&nbsp;

*Distances are approximate only and are calculated via the shortest route. Locations referred to are approximate only and may not be an accurate representation of the development. 

**Correct as at 1.08.2021. 

^Mirvac has registered with the International WELL Building Institute to seek WELLv2 certification for Green Square. However, WELLv2 certification for Green Square is not guaranteed. Mirvac and Landcom make no representations on whether certification will be obtained or the level of certification that may be achieved (i.e. Bronze, Silver, Gold or Platinum). If WELLv2 certification is achieved for The Frederick, certification will only apply to the residential components of The Frederick and will apply for 3 years from the date of certification. Mirvac and Landcom accept no responsibility should residents elect to recertify The Frederick after 3 years. Neither Mirvac nor Landcom will be responsible for the process or cost of recertification. Purchasers should refer to the Contract for Sale and should make their inquiries regarding recertification for the WELLv2. As part of the WELLv2 certification, Mirvac Green Square will be a smoke free building and will not permit smoking as well the use of e-cigarette within the building or residences. 

Important note: The information in this article is general information only and has been prepared without taking into account your personal circumstances. While every care has been taken to ensure the accuracy of the information, Mirvac cannot be held liable for any inaccuracies, errors or omission. The information in this article does not constitute legal, tax or financial advice and you should always seek professional advice before purchasing property in relation to your individual circumstances.

Buying a home within a well-curated masterplanned community can be a smart property purchase because with infrastructure upgrades comes future population growth, business and investment opportunities.

Mirvac Homes Situated Within Vibrant Communities Ideal for First Home Buyers

Ever walked into a display home and fell in love with the decor? The furniture is eclectic yet cohesive, colours are matched meticulously, and the space is optimised for ultimate functionality. That is the result of well-selected furnishings by a professional interior stylist.&nbsp;

While you can always enlist the help of an interior designer to curate your home, the budget can escalate once you start buying furniture. We recently started looking into alternative options and came across Valiant Interiors, a company that specialises in bespoke interior curation and furniture leasing.&nbsp;

For over two decades, Valiant Interiors have transformed homes across Australia and house over 150,000 items in 3 large warehouses in Sydney, Brisbane and Melbourne.&nbsp;

The interior design team scope out the best designer pieces at international trade shows to bring back to Australia. They&#39;ve worked with industry giants, such as Frasers Property, Aveo, Graya, Sekisui House, Stockland, Mirvac and McGrath, and many more on a national scale.

Valiant Interiors don&#39;t just focus on furniture; they also specialise in selecting all elements that define a space, such as lamps, artwork and ornaments.

Here are some examples of their work:

<img alt="" height="670" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/5498_corrigan_ave_brooklyn_vic_valiant_furniture_hire_property_styling_1_.9a9e07ebba31801512855fcea5b6adb6.png" width="1005" />

Client: Chamberlain Property | Location: Brooklyn, VIC

<img alt="" height="890" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/5317_newman_street_carnegie.25b4c02282baad2d3a97abc692765665.jpg" width="1338" />

Location: Carnegie, VIC

<img alt="" height="1179" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/mcp_vlnt_rckbrn_0818_024.jpg" width="1782" />

Location: Paddington, QLD | Client: GRAYA

Styling packages also provide an excellent level of flexibility, providing extensive hire periods (anything from 3 months to 3 years), with the option of purchasing a bespoke furniture and styling package. The Valiant Interiors stylists will follow the design through from concept to completion, involving sourcing furniture and accessories and handling procurement &ndash; with projects ranging from residential to commercial fit-outs.

This option would be great if you&#39;re looking to sell your home, feel like changing your living space every few years, or want to furnish your rental property.&nbsp;

Learn more about Valiant&rsquo;s robust operations:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/dmo2QwPZBYc" title="YouTube video player" width="660"></iframe>

Lead image credit: Location: 818 Caulfield Residences, VIC | Client: Cobild | Architects: Conrad Architects | Photographer: Dylan James

Olivia Round

Have you ever considered leasing luxury furniture for your home? We decided to find out more

New South Wales has finally ended blanket bans on pets in apartments, following in the footsteps of Queensland and the ACT.

Victoria made some progress last year, although not to the same extent with reforms preventing landlords from unreasonably restricting pets. The Northern Territory is following suit.

South Australia has pet agreements, required for any lease, allowing pets with ground rules in place for property maintenance and management.

Western Australia has a $260 pet bond, to be taken when a pet is named on the lease for fumigation at vacancy, Tasmania has a similar system albeit without the bond.

The NSW&rsquo;s reforms are related to strata title, as until these changes, most strata titles included a blanket pet ban. Historically NSW has had the most complex regulations surrounding pets and strata.&nbsp;

Now instead of strata laws, it&rsquo;s owners corporations and landlords. The NSW government has said they can still refuse to keep an animal if there is &ldquo;repeated damage of the common property, menacing behaviour, persistent noise and odour.&rdquo;

Owners corporations will also have the right to set conditions about how pets are kept, such as requiring supervision on common property or while entering and exiting an entrance or lift.

The government says these conditions must be &ldquo;reasonable&rdquo;, but there are currently NO guidelines.

Some actions such as restricting the size of a home&#39;s pet, not uncommon in the past, were found in a report prepared as part of the NSW legislation review to be unreasonable. However, this is not specified in the law that was passed.

Close to 2.5 million Australians are living in apartments and a third of Australian households rent their homes. So with the number of renter&rsquo;s rising in the wake of property prices continuing to outpace wage growth, there is a need for consistent, equitable and pet-supportive housing rental policies across the country.

With such inconsistencies across Australia, and changes only finally occurring in the past 2-3 years, there is a lot of uncertainty for renters and pets often become the victim, as more than 60% of households include a pet.

Pets are part of the family, and this he been demonstrated over and over, especially during lockdown with mental health studies and surveys demonstrating the benefits of an animal on mental health

Dogs are the best examples of this, shown to increase daily exercise across all age groups.

There are even benefits for landlords, with US research suggesting that households with pets stayed in rental properties longer than those that did not have pets. This brings longer-term, more secure rent to property owners.&nbsp;

In spite of this as recently as 2018/19 pet bans have been sweeping and widespread in many rental properties, apartment buildings in particular are the biggest offender.&nbsp;

Emma Power of WSU during a 2016 survey found,&rdquo; that pet ownership can trigger feelings of housing insecurity for Sydney&rsquo;s renter households.&rdquo;

Roughly half of those surveyed who declared their pets when they applied for properties had been given pet ownership as the reason their application was rejected.

Mrs Powers said, these figures are likely to represent only a small proportion of those who have been rejected for pet ownership as reasons for rejection are rarely provided.

Most doggedly concerned landlords are simply barking up the wrong tree with many studies showing that the majority of landlords who worried about pets had zero first hand experience with such problems. Even when damage occurred it was significantly less than the average deposit, or pet-bond.

jordan_55689

Barking up the right tree: A guide to renting with pets in Australia

As house, land and apartment prices soar to record highs across Australia, the barrier to entry on the property market has become an even&nbsp;more distant dream for some.

The great Australian dream of owning seems farther than ever and this holds especially true on the income of a single person, with more and more Aussies holding out on buying their first home, or any home until they have a partner.

Some however have turned to co-ownership.

It&rsquo;s a natural extension for some, to go from renting a property with their best friend or siblings, to owning one together.&nbsp;

In NSW in particular, there have been a growing number of property co-owners who are not married or in a de-facto relationship with their co-owner.

Not only is this happening among&nbsp;friends and family, property co-ownership is even occurring among strangers, with new proptech firms, such as BrickX and DomaCom,&nbsp;focusing on fractional ownership.

BrickX focuses on individual houses and units, where investors can buy Bricks that make up a percentage of the value of the property.

A Brick&rsquo;s value will change depending on the most recent evaluation of the property&rsquo;s value as well as what people are willing to pay, similar to the stock market, it&rsquo;s speculative.

DomaCom operates in a similar fashion, but with investments on a larger scale across many segments of the market, where purchasers are locked in for a certain period of time.

The newest co-ownership proptech is Mortgage Mates, described as something similar to a dating website for home ownership.

Calling themselves, &ldquo;the Bumble of home ownership,&rdquo; they match clients with other individuals (Mates) who have the same housing preferences, to own and live in a home together.

A more established example is Co-Own.com.au where multiple parties have a purely business relationship with just one party/person as the owner occupier.

There are different pro&rsquo;s and con&rsquo;s to shared ownership of a property amongst friends, family and strangers.

The main positives of co-ownership are mainly the normal benefits of owning a property, quicker access to the housing market, safer and more flexible investment options and not &ldquo;throwing your money away&rdquo; on rent.

Negatives abound, changes can arrive in your relationship with the friends you are co-owning with, they could find a partner, have a child, fall ill, default on the loan or even have a falling out with you.

The best way to mitigate some negatives is a contract and for services like Co-Own.com.au, they even recommend a property manager, but these can only do so much.

It’s a natural extension for some, to go from renting a property with their best friend or siblings, to owning one together

What is home co-ownership and can it put you on the fast track to owning your home?

Australians have been staying at home on and off during the intermittent lockdowns&nbsp;and for homebuyers, this means a delay, sometime indefinitely, in purchasing property.

However, data in both the first Melbourne lockdown&nbsp;and beyond shows&nbsp;that online visits and enquiries of property listings have surged by over 50%.

Here at Urban, we have compiled a list of questions so prospective buyers can get a handle on what they should be asking agents during online inspections. This is useful both during lockdown and for properties available for purchase off-the-plan,&nbsp;or available across state or national borders&nbsp;when in-person inspection may not be possible.

For a more <a href="/guides/the-ultimate-off-the-plan-guide-5-property-experts-share-advice-for-buying-a-new-apartment-or-townhome" target="_blank">in-depth guide on off-the-plan</a> buying check out our expert guide.

1. What&#39;s the cost per square metre for each floorplan configuration? (make a note of this and compare to other properties you virtually view)

This is vital information to compare the value of the property to others in the area as well as the suburb/region you are looking to buy in. It is&nbsp;important&nbsp;to make sure you are buying a property that suits your needs and has room to grow, one marker of such potential is if the $/psqm is below median for the area, however it isn&#39;t the be all end all

2. When is construction slated to start/be completed?

Construction projections are important information as it will have an effect on how long you may rent or choose to settle on your current property. Ensure the builder/construction firm is reliable and has a good reputation to reduce the likelihood of delay.&nbsp;

Keep in mind that some delays may occur if a coronavirus outbreak occurs.&nbsp;

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3. Which items within the display are included and which are optional upgrades?

Straightforward enough, make sure you don&#39;t get blindsided and chuck out your old washer/dryer just because the display suite has one, double check with the agent to see what is supplied by the developer as some offer white-goods packages and optional deals.

4. What customisation option do you have available?

Depending on the design firm and developer, some firms offer a higher degree of customisation, this tends to increase linearly with price as the more expensive the property is, the more customisable it generally is. Either way you should ask as many developments offer at minimum a choice in colour pallete&nbsp;and fittings&nbsp;

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5. What&#39;s the ceiling height? (compare this to your own ceilings at home)

While this many not mean as much to someone who is 150 cm tall, for prospective basketball players... and everyone else, it&#39;s worth knowing ceiling height as this can impact whether the home feels claustrophobic or spacious and airy regardless of your personal height.

6. Which aspect does the particular apartment I&#39;m considering buying face? (take note of where the sun is throughout the day in your own home)

This is important for natural light purposes, as well as potential views as some apartments will offer a better aspect than others.

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7. Who built the display suite and will they be constructing the actual apartments/townhomes?

A vital point of note is the builder, don&#39;t misunderstand something because of an unrealistic display suite.

8. If taking a virtual tour, ask the agent to zoom in on details so you can see the build quality

If the builder doesn&#39;t put their best foot forward with the display suite, it is worth asking the agent about it and whether other properties you have looked at demonstrate better build quality or detailing.

Here at Urban, we have compiled a list of questions so prospective buyers can get a handle on what they should be asking agents during online inspections, useful both during lockdown and for those buying out of state or internationally

What to ask agents when being taken through a display suite online

The ongoing and escalating pandemic lockdowns are wreaking havoc across many parts of the national economy, property in particular is facing a unique set of challenges.

Buyers face difficulties like income uncertainty, job insecurity and supply issues inflating prices in certain segments of the market, established houses in particular.

Sellers face a different set of struggles:

<ul>
	<li>Should I list?</li>
	<li>Where will I live after I&#39;ve sold?</li>
	<li>Are people looking to buy?</li>
	<li>How will I market my property while minimizing COVID-19 risks?</li>
</ul>

In spite of these issues, it&#39;s still a great time to buy especially if you know where to look and what parts of the property market retain good growth prospects during the pandemic and beyond.

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<h2>How are&nbsp;the 2021 lockdowns different from 2020?</h2>

Last year the government pumped up the market and potential buyers with stimulus and grants.

They tackled job instability with JobKeeper and pumped up first home buyer spending power with grants like the First Home Owner Grant. Government tackled the established market as well with&nbsp;Homebuilder, a&nbsp;grants aimed at keeping the construction and trades industries running.

Meanwhile the RBA propped up lending institutions with the&nbsp;historically low cash rate rate as well as Quantitative easing.

Last year banks were even offering&nbsp;mortgage deferral periods with a relaxing of certain home-loan restrictions and even accepting JobKeeper payments as income when considering loan applications.&nbsp;

However this time there are $750 payments available instead, not accepted by banks who are also proving reluctant when it comes to mortgage deferrals. Some are even starting to hike certain interest rate packages and tighten lending restrictions.

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<h2>What does this mean for Buyers and Sellers?</h2>

Primarily this means there is less competition, as the first home buyer market is further stifled and less&nbsp;people are eligible to borrow for an owner occupier or an investment property. A positive for buyers who still have the means.

However some of this is evened out by the lack of property on the market, as well as soaring property prices in some market segments and the market digests the recent 10%+ increase in property values.

One segment of the market that has been minimally affected is the off-the-plan and new apartment development market. As many parts of this market continue to digest the result of HomeBuyer and the previous property development grants, many developments are nearing or have reached completion.

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<h2>So how do I buy in Lockdown?</h2>

1. Display suite tours - Off the plan marketing will be no strangers to creating display suite videos due to Australia&#39;s keen international investor pool, who regularly buy apartments from overseas. If you can&#39;t get to a display suite tour, ask the agent if they have produced a video

2. Get the agent to walk you through - If they haven&#39;t got a display suite tour, ask the agent to walk you through the property. Many agents are seeing huge success from interstate parties buying property sight unseen, having walked through the property a number of times over a video call

3. Ask the right questions - When will a display be open, has COVID put a stop to construction and changed the timeline

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<h2>Where are my buying opportunities?</h2>

Property investment is a national game. There are different property markets all over the country. As long as a place has a decent population, tight rental vacancy rate and diverse economy, the prospects for long term capital growth are good. The key is to get a property for below market value and therefore make some money on the way in, as well as boosting your rental yield in the process.

The more affordable brackets of the property market are likely to offer up the best opportunities as there will be more income uncertainty for those who would like to buy owner-occupier properties there. Because of this, there should also be healthy demand from renters.

<h2>Under $500,000</h2>

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Offering a collection of one, two and three-bedroom residences, Ryrie Home is set to deliver 109 apartments in the heart of Geelong&rsquo;s arts precinct.

More than half have already sold and&nbsp;construction is now underway.

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Residents at Blue Earth Group&#39;s latest apartment development, Ivanhoe Gardens benefit from more than just the suburb&#39;s inherent amenity.

The development, built across two stages by leading builder Hamilton Marino to designs by CHT Architects, has 13 different entertainment zones. There is over 2,000 sqm of dedicated amenity space.

[smartcode_project:default project_id=29048 project_image_fid=151675]

Located in close proximity to Moorabbin train station and wonderful local community facilities, Omnia is the latest development by Shenfield Property.

Offering&nbsp;an exceptional selection of 40 residences in one, two and three-bedroom configurations, the development features park frontage, energy-efficient design and north-facing aspects.

<h2>$500,001&nbsp;- $1,000,000</h2>

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Located in the heart of Box Hill, Spring Street is the latest Melbourne development delivered by Orion International Group.

Set over 29 levels, the tower is set to include 312 one, two and three-bedroom apartments within a five-minute walk from Box Hill Central.

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Rise is the final release of Caydon&rsquo;s Mason Square precinct, located just 6km from the CBD and walking distance to the bustling Puckle Street.

The 29-level Fender Katsalidis-designed development is made up of two apartment types; Residences and Skyhomes. Located on Levels two to 21, Residence apartments are a mix of one, two and three bedrooms.&nbsp;

[smartcode_project:default project_id=29856 project_image_fid=156313]

Set on the Yarra River, Riverbank &ndash; The Park House is located near the Yarra Trail, Boat House and Tea Garden and Melbourne&rsquo;s best open-access golf course, Yarra Bend, around the corner.

The nine-level building has been designed by SJB Architects and is finished with interiors by Sue Carr at Carr Design Group. It is one of two buildings in the Riverbank development.

<h2>Over $1,000,000</h2>

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ID_Land are the team behind Port Lane,&nbsp;situated right in the heart of Port Melbourne.

Award-winning architects Rothelowman worked in lockstep with interior designers Hecker Guthrie and landscape consultants Tract to create a development that is authentic and distinctive, all while priced lower than Port Melbourne&#39;s median.

[smartcode_project:default project_id=102256 project_image_fid=163755]

Piper Townhomes is the latest release in AVJenning&#39;s Waterline Place masterplan in the Melbourne bayside suburb of Williamstown.&nbsp;

Located on Nelson Place, Piper is one of the earliest releases and is just one part of the 500+ residences planned, so keep an eye out for further releases

[smartcode_project:default project_id=5806 project_image_fid=168934]

The Grounds is comprised of an exclusive collection of three apartment buildings, each architecturally designed to respond to their own address; Wilfred, Wamba and The Boulevard.

There is also the Oak Terraces, located off Cedric Street, offering a limited collection of townhomes.

Urban's guide to buying property in a lockdown

How to buy property in lockdown

<h2>What&rsquo;s the outlook for the Australian property markets for 2021 and beyond?</h2>

This is a common question people are asking now that our real estate markets are up and running again after virtual auctions and sight unseen purchases took place in 2020.

News from the biggest banks and Australian economic experts are predicting house price growth across almost every segment of the market.

Those I spoke to, and who have released forecasts of their own, are predicting property price growth of 12 per cent per cent - 20 per cent per cent across Australia this year. They expect the trend will almost certainly continue until the end of 2022.

Historically low-interest rates and FOMO (fear of missing out) have driven dwelling prices to record new highs &ndash; but we&rsquo;ve only recently surpassed previous 2017 peaks, which means double-digit price growth is on the horizon for many areas around Australia in 2021.

AMP Capital&#39;s Shane Oliver in particular said, &quot;the forces that have driven average Australian capital city property prices well above trend and well above price-to-income ratios seen in comparable countries over the last two decades may be at, or close to, having finally run their course.&quot;

We&rsquo;ve taken a look at a handful of the state capital property markets, how they&rsquo;ve performed since COVID hit, and what is being forecast to the end of 2021.

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Melbourne Forecast

While Melbourne property prices suffered because of its extended lockdown which severely impacted market activity in 2020, commencing in late October the Melbourne property market has rebounded strongly and is likely to deliver double digit price growth over the next 12 months.

Apartment prices were up just 0.4 per cent in July, contributing to a growth of 1.9 per cent for the quarter and 6.1 per cent in the year to date. The median apartment price in Melbourne is now $612,711.

Dwelling values overall, have increased 11.1 per cent in the past seven months, carried primarily by house price growth of 13.3 per cent in that period.

Property of every type remains in high demand across regional Victoria, especially those with easy access to the capital city with units seeing price growth of 15.7 per cent since January.

Overall, experts forecast property prices will rise roughly 16 per cent by 2021&#39;s end.

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Sydney Forecast

Extremely strong demand for property in Sydney&rsquo;s inner and middle-ring suburbs has led to Sydney house prices seeing double digit price growth, apartments however have taken longer to bounce back from covid.

Apartment prices are up 5.1 per cent over the quarter to be up 10 per cent in the year to date. Of that growth, 1.6 per cent happened in July with similar showings in February and March. Sydney&rsquo;s median unit value is now just over $810,000.

Interestingly enough it is Regional NSW that is seeing the strongest growth in the apartment sector with values shooting up 7 per cent this quarter to be up 14.5 per cent in the year to date.&nbsp;

It is worth noting that the greatest increase in property prices across NSW are seen in the priciest properties and this holds true in both the house and unit markets.

Overall, experts forecast property prices will rise roughly 19 per cent by 2021&#39;s end.

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Brisbane Forecast

Brisbane&rsquo;s house prices remained resilient over 2020 when other markets were impacted by the economic impact of COVID-19.

Now, moving forward, the Sunshine State will shine with strong demand for homes, particularly in lifestyle areas, likely to deliver double digit capital growth over the next 12 months.

Brisbane apartment values have increased 2.7 per cent over the quarter, in line with 6.2 per cent in the year to date.&nbsp;

Median apartment values have hit a high of $419,143.

Several of the economists I spoke to including Terry Ryder and Westpac&#39;s Bill Evans tipped housing prices to surge 20 per cent between 2022 and 2023.&nbsp;

Hotspotting&#39;s Terry Ryder clarified that 89 per cent of suburbs across Brisbane are seeing price growth and was tipping it to become Australia&#39;s property leader in the coming months and years.

It&rsquo;s also worth keeping in mind the Brisbane 2032 Olympics which will positively impact property values now and in the future.

Overall, experts forecast property prices will rise roughly 16 per cent by 2021&#39;s end.

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Canberra Forecast

Canberra&rsquo;s property market has been described by many as a &ldquo;quiet achiever&rdquo; with dwelling values reaching a new peak after growing 14.2 per cent over the last year.

Considering a large percentage of Canberra&#39;s population is employed by the government or industries supporting the public sector, Canberra&rsquo;s property market has not really felt the effects of the coronavirus recession like other capital cities did.

Due primarily to the ongoing apartment developments popping up across Canberra, like those from Geocon, unit values are up 1.3 per cent this month, making up a large chunk of the 2.8 per cent price growth this quarter. Apartment prices are up 6.5 per cent in the year to date.&nbsp;

Median apartment prices are currently $520,900.

Moving forward, the Canberra property market will continue to enjoy solid but slower property price growth, due primarily to slow population growth.

Overall, experts forecast property prices will rise roughly 17 per cent by 2021&#39;s end.

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Perth Forecast

Perth&rsquo;s long-awaited recovery was interrupted midway by COVID-19 but now Perth&rsquo;s housing market is back on a recovery trajectory, with home values posting a 7.5 per cent increase in the year to date.

Perth continues to be the most affordable capital city for houses in the country and this along with a record-low mortgage rate, improving economic conditions and government incentives has set it up for strong price growth this year.

This has also seen strong benefits for the apartment market which has been neck and neck with houses and even outperformed them this quarter, seeing 2.3 per cent growth compared to 1.5 per cent. Units were up 0.6 per cent for July, while houses saw growth of 0.3 per cent.

Apartment values are up 6.8 per cent since January achieving a median price of $404,257.

Overall, experts forecast property prices will rise roughly 19 per cent by 2021&#39;s end.

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<h2>How does my property impact the economy?</h2>

Real estate affects the economy because it makes up a large portion of individual and business wealth across economic sectors.

When real estate prices rise, wealth increases, so individuals and businesses are more likely to borrow and spend.

This can be seen in recent times with the average Australian savings account decreasing ~$7,000 from May to April as prices start to spike, however this can also be largely attributed to a reducing fear of COVID-19

When your home rises in value it increases the overall value of the economy. When real estate prices rise, wealth increases, so individuals and businesses are more likely to borrow and spend.

[smartcode_project:default project_id=32136 project_image_fid=93832]

<h2>What&rsquo;s causing the rise in home prices?</h2>

The primary factor causing the current boom in home prices are the continuing low mortgage rates and low interest rates.&nbsp;

Plus with Australia&rsquo;s excellent response to Covid 19 transmission seeing business reopening well and an increasing optimism for the economy there is much less fear around COVID-19.

With fewer homes for sale and first time home buyers and owner occupiers (those buying a property to live in it) dominating the market, they are currently the ones driving up property prices the most.&nbsp;

However as incentives like those from the HomeBuilder Grant and First Home Buyer Grant taper off it is expected that we will see a massive uptick in investor spending on property as they compete with owner occupiers and first home buyers over the super competitive interest rates.

It is predicted that Investors will drive the market well into 2022 and perhaps even 2023 depending on other conditions that influence interest rates like the cash rate.

[smartcode_project:default project_id=4136 project_image_fid=89831]

<h2>How does the Cash Rate influence the Interest Rates on my loan?</h2>

You often hear about it in the news, the monthly changes in the Cash Rate, but what is the cash rate and how does it affect you?

In essence the Cash Rate which the RBA meets on to decide once a month (currently 0.15 per cent) changes how much money banks can lend to you.

So when the cash rate is extremely low - close to zero - as it is currently, banks can and are encouraged to offer lower interest rates.&nbsp;

That means when the Cash Rate is low, Variable and Lock-In Interest Rates are low so your mortgage is cheaper!&nbsp;

This can save you hundreds to thousands of dollars a year depending on the value of your home.&nbsp;

With all that covered, every expert I talked to predicts that the cash rate will not decrease any time in the next 2 years and most experts expect the cash rate to increase in 2023 or later.

However three of the Big 4 banks have already started hiking interest rates across the range with Westpac the only one yet to start showing upward movement. It&#39;s a sign of the times with a number of other banking and loan institutions also increasing interest rates across a wide range of home loans.

[smartcode_project:default project_id=102580 project_image_fid=167427]

<h2>How does the government affect property prices?</h2>

Legislation is also a factor that can have a sizable impact on property demand and prices.

Tax credits, deductions, and subsidies are some of the ways the government can boost demand for real estate for as long as they are in place.

Some recent examples of this include the HomeBuilder Grant and the First Home Buyers Grant.

Being aware of current government incentives can help you determine changes in supply and demand and who and what will be affecting property prices.

An example of something to look out for is the percentage of properties purchased by FHB&#39;s (First Home Buyers) soaring to record highs recently. Although this still remains the case, it wont forever and certainly is not predicted to last into 2022.

What’s the outlook for the Australian property markets for 2021 and beyond?

Economic Guide: Forecasting property prices and what affects property in 2021, 2022 and beyond

Melbourne&rsquo;s CBD is full of inspiring architecture, acclaimed botanic gardens, historic sites, and the iconic Yarra River, as well as offering its&nbsp;residents the very best in live music, sporting events, theatre and visual art.

The city features the iconic Melbourne laneways, world-famous shopping spaces and also boasts an amazing nightlife experience with very unique bars and restaurants to enjoy.

Those interested in furthering their education will also be pleased to know that the five star RMIT campus is found within Melbourne&rsquo;s city centre.

[smartcode_project:default project_id=5234 project_image_fid=167354]

<h2>How do I&nbsp;get around Melbourne?&nbsp;</h2>

The best way to get around Melbourne&rsquo;s CBD is the City Circle Tram. It is a free and convenient way to travel around central Melbourne whilst experiencing a ride on a beloved heritage tram with an audio commentary of city landmarks and attractions.

The City Circle Tram also links up with other trams, trains and bus routes around the Melbourne area. The City is also extremely walkable, ranking 4th out of 307 suburbs in the Greater Melbourne region. Another quick and easy option is ride-sharing services i.e. Uber.

<h2>[smartcode_project:default project_id=2905 project_image_fid=162743]</h2>

<h2>What can I&nbsp;do in Melbourne&#39;s CBD?</h2>

There is something for everyone to do and see in Melbourne&rsquo;s CBD. Art lovers can enjoy the world-famous street art on display in Hosier and ACDC lane, as well as multiple other art galleries including the Ian Potter Centre which features contemporary, historic and indigenous art pieces.

For the performance art lovers, there is a collective of world-renowned theatres within the CBD including the Forum which is Australia&rsquo;s and the Regent Theatre which hosts famous theatre productions including Disney&rsquo;s The Lion King and Wicked.&nbsp;

For sports fans, they can watch different sporting events including the Australian Open at the Rod Laver Arena and AFL at the MCG. Also, the award-winning Australian Sports Museum is found underneath the MCG stadium and both venues host major international music artists, some of the notable artists this year include Guns n Roses and Kiss.&nbsp;

Melbourne&rsquo;s CBD boasts some of the city&rsquo;s trendiest bars with secret entrances, themed-private rooms, specialty menus with creative food and drink options, breathtaking views of the city and world-class DJs and musicians.&nbsp;

[smartcode_project:default project_id=3459 project_image_fid=147569]

For shopaholics, a visit to the world-famous Queen Victoria Market is a must, with a vibrant and multicultural atmosphere and over 600 unique stalls offering fresh produce, hand-made products, great coffee and food, and live music and entertainment on Wednesday nights.&nbsp;

Other notable shopping spaces within Melbourne&rsquo;s CBD include the historic Block Arcade which was built in 1892 and is home to the largest mosaic floor in the southern hemisphere and iconic Hopetoun Tearooms. Hardware Lane and Degraves St offer great food, drinks and street art.

Melbourne Central has&nbsp;more than 300 stores over five levels with unique architectural features including a giant Marionette Watch that plays a rendition of the Australian National Anthem every hour and Shot Tower an old bullet-making facility built in 1989 which is protected by a magnificent Glass Cone which is one of Melbourne&rsquo;s most recognisable landmarks. &nbsp;&nbsp;

Melbourne&rsquo;s CBD is full of historic sites including the Old Melbourne Gaol, the Shrine of Remembrance which honours the service and sacrifice of Australians in war and peacekeeping, the State Library of Victoria which is the fourth most popular library in the world, the Immigration Museum which showcases Australia&rsquo;s history and culture and the beautiful St Paul&rsquo;s Cathedral.

For nature lovers and outdoor enthusiasts, the Melbourne CBD features a collection of acclaimed gardens including the Royal Botanic Gardens which includes over 8,500 different species of plants from all over the world and the Flagstaff Gardens which is the oldest park in Melbourne. Also on the south side of Melbourne&rsquo;s CBD is the beautiful Yarra River with walkways and cycleways alongside it.&nbsp;

<h2>What are Melbourne&#39;s main city&nbsp;institutions?</h2>

The Royal Melbourne Institute of Technology (RMIT) is a five-star university based in Melbourne&rsquo;s CBD. RMIT was ranked 15th in the world for its art and design subjects and is the top art and design school in Australia and Oceania.

RMIT incorporates four academic colleges including the College of Business and Law, the College of Design and Social Context, the College of Vocational Education and the STEM College (i.e. sciences, engineering, computer tech and health and medical sciences).&nbsp;

<h2>What new Melbourne CBD property developments are currently available or in the pipeline?</h2>

Uno Melbourne&nbsp;

[smartcode_project:default project_id=3281 project_image_fid=46048]

A new development currently under construction in Melbourne&rsquo;s CBD is the UNO apartment tower which is due to be completed in 2022. UNO&rsquo;s floor-to-ceiling shimmering golden glass facade will have 65 levels and house 632 apartments guaranteeing maximum views of the Melbourne skyline.

Uno will consist of one, two and three-bedroom apartment configurations, each evoking feelings of comfortability and space. At a height of 212 metres, the tower features sky high amenities for all residents to enjoy, including a cinema, a gym, hydrotherapy spas, an indoor heated pool, a sky lounge and many more facilities. Parents will&nbsp;also be able to utilise the on-site childcare centre. UNO is well located near the Flagstaff Gardens, Melbourne Central and Queen Victoria Market.&nbsp;

Address: 111 A&#39;Beckett St

Developer:&nbsp;S P Setia

<h2>Melbourne Grand</h2>

[smartcode_project:default project_id=3490 project_image_fid=92412]

The newly completed Melbourne Grand which took home last year&#39;s HIA award for the Victorian apartment complex of the year arises 58 stories above the Melbourne CBD.

The apartment tower incorporates 652 residences and is perfectly situated near the Flagstaff Gardens, the free tram zone and Queen Victoria Market.

All apartments offer sensational views of the city, from the private balconies to the floor-to-ceiling windows, which also allows for natural light to flow through.

Melbourne Grand provides residents with luxurious resort-style facilities including a banquet room, a boutique cinema, a coffee bar, a state-of-the-art gym, a swimming pool, a yoga studio and many more amenities for residents to discover. There are one-bedroom and two-bedroom apartment configurations to choose from.&nbsp;

One bedroom configurations are starting from as low as $489,000. &nbsp; &nbsp;

Address: 560 Lonsdale St

Developer: Central Equity

<h2>Collins House&nbsp;</h2>

[smartcode_project:default project_id=755 project_image_fid=95065]

Standing at a height of 195 metres with an elegant design, Collins House is currently Australia&rsquo;s skinniest skyscraper measuring 11.8m wide comprising 267 spacious apartments across 60 floors.&nbsp;

The slender tower floats atop the historic Makers Mark building that was built in 1908 which incorporated Art Nouveau styled architecture on the fa&ccedil;ade and throughout the grand entrance hall. The Collins House skyscraper was completed in 2019 and was developed by the Deague Group and the Golden Age Group.&nbsp;

Every apartment enjoys panoramic city views and double-glazed floor to ceiling windows which fill residences with natural light.

Collins House has two levels of amenity for its residents to enjoy with a gourmet chef&rsquo;s kitchen, indoor and outdoor dining and lounge spaces, an open terrace surrounded by lush greenery, an outdoor deck, a private bar, and a state of the art gym. Collins House residents will be well connected to the inner city and surroundings with major train stations and tram systems within walking distance.

Collins House is also nearby fine dining, parklands, retail precincts and riverside bars and restaurants. Every penthouse within the tower has a marble furnished kitchen integrated with Miele appliances, a powder room, a study and three spacious bedrooms and bathrooms.&nbsp;

Penthouse prices are starting from $3,250,000.

Address: 460-466 Collins St

Developer:&nbsp;Deague Group &amp; Golden Age Group

Davis Gale

Buying off-the-plan: The ultimate Melbourne city guide for home buyers

As a first home buyer, you might be asking yourself, will this property be worth it in the long run? Why is location so important? Will the property be profitable to sell in the future?

Choosing a good location is arguably one of the most important factors when choosing a home. Not only can it offer convenience and better liveability,&nbsp;but buying in a rising suburb can be a&nbsp;smart way to ensure your property will hold its value.&nbsp;We&#39;re going to walk you through some of the top location factors to consider when choosing your first home.

&ldquo;Location creates desirability, desirability creates demand, and demand raises property prices. If you cleverly choose the location of your new home, you will not just enjoy an improved lifestyle (think - better amenities, schools, transport, and so forth) but potentially profit significantly when it comes time to sell-up and move on.&rdquo;

<a href="https://gw.legal/articles/why-location-location-location-is-still-the-most-important-consideration-when-buying-a-home" target="_blank">GW Legal</a>, conveyancing specialists

First home buyers may consider an investment plan for their first home purchase, making location an important investment feature that can be valuable to increase rental opportunities and resale value in future. Here are eight&nbsp;location features you could consider:

<h2>1. Investment opportunity</h2>

<figure><img alt="" class="image-article-full-width-580px" height="385" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/shutterstock_1139707214.jpg?itok=xkZHpW63" title="Source: Shutterstock" width="580" />

<figcaption>Source: Shutterstock</figcaption>
</figure>

To maximize resale value, it can be wise to select a property in a sought-after location. Features to look for can include low noise, a well-maintained neighbourhood and streets with slight elevation for good drainage and sun.

Where possible, avoid close proximity to highways/train tracks, factories and utility lines. According to Gustan Cho Associates, &ldquo;buying a house next to power lines may decrease property value <a href="https://homeguides.sfgate.com/much-power-lines-lower-real-estate-value-2979.html" target="_blank">as much as 10% to 40%</a>&rdquo;.&nbsp;

Having easy access to public transportation, good schools, entertainment, retail, dining and recreational centres are key factors to consider. Having additional public transit choices available, whether in the CBD or the suburbs, means that the property could <a href="https://www.smartcitiesdive.com/news/property-values-thrive-near-transit-study-finds/564982/" target="_blank">become more valuable over time</a>&nbsp;as it becomes easier to commute to.

[smartcode_project:default project_id=5234 project_image_fid=84282]

Being near good schools gives parents that have school-age kids the opportunity to settle or rent out the property to a family. As a result, homes located in good school zones experience a higher growth compared to lower-ranked school zones.

Research from the Real Estate Institute of Victoria states how properties located within popular primary and secondary schools are able to secure sale prices above <a href="https://reiv.com.au/policy-resources/latest-news/top-performing-public-schools-leading-price-growth" target="_blank">$400k more</a> than properties outside those school zones.&nbsp;

<h2>2. Employment opportunities</h2>

<figure><img alt="" class="image-article-full-width-580px" height="387" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/shutterstock_614433167.jpg?itok=phLLncAl" title="Source: Shuttershock" width="580" />

<figcaption>Source: Shutterstock</figcaption>
</figure>

When there are new businesses opening in the area, this can boost job supply making the area a desirable option for job opportunities.

As businesses grow with the population of the area, there may be higher chances of the property increasing in value as there can potentially be amenities and entertainment that will develop alongside to cater to the population.&nbsp;

<h2>3. Infrastructure upgrades</h2>

Infrastructure projects (planned and under construction) can help in indicating a rise in housing demand.

[smartcode_project:default project_id=29358 project_image_fid=85966]

Social infrastructure that may attract buyers and families to an area includes: public transportation links that provide connectivity to the city, greater selection of educational facilities, upgraded utilities, or the addition of health services.

<figure><img alt="" class="image-article-full-width-580px" height="384" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/shutterstock_190368989.jpg?itok=Je3j24rm" title="Source: Shutterstock" width="580" />

<figcaption>Source: Shutterstock</figcaption>
</figure>

These may be reasonably certain indicators for finding tenants or future buyers. Areas, where the construction and mining sectors are entering or extending their operations, have the opportunity to attract jobs and workers to the region, which may offer potential long-term investment and capital growth opportunities.

<h2>4. Consider looking for property in fringe suburbs</h2>

If your first choice location is out of budget, neighbouring suburbs can be an excellent solution as they can provide cheaper entry points to the market.

Townhouses and family-friendly apartments can also be considered as a more affordable alternative to the stand-alone housing stock in high demand suburbs.

[smartcode_project:default project_id=29048 project_image_fid=151675]

<h2>5. Choosing the right suburb</h2>

<figure><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/shutterstock_1988193521.jpg?itok=-L58WU3l" title="Source: Shutterstock" width="580" />

<figcaption>Source: Shutterstock</figcaption>
</figure>

URBAN &amp; CITY

Pros:&nbsp;

<ul>
	<li>
	Love the bustle of the city
	</li>
	<li>
	Close to an abundance of entertainment, restaurants and nightlife
	</li>
	<li>
	Shorter commute times
	</li>
	<li>
	Many amenities nearby
	</li>
	<li>
	Great for walkability
	</li>
</ul>

Cons:&nbsp;

<ul>
	<li>
	Less space
	</li>
	<li>
	Noise pollution
	</li>
</ul>

COASTAL

Pros:&nbsp;

<ul>
	<li>
	Love the beach and its openness and fresh air
	</li>
	<li>
	Relaxed lifestyle
	</li>
	<li>
	Great place to raise a family
	</li>
	<li>
	Better work/life balance as a <a href="https://www.marketwatch.com/story/people-who-live-on-the-coast-are-typically-happier-than-those-who-dont-says-science-2019-10-01" target="_blank">study</a> from Exeter University found that living close to the sea is good for your mental health
	</li>
</ul>

[smartcode_project:default project_id=5559 project_image_fid=88243]

Cons:&nbsp;

<ul>
	<li>
	Higher maintenance costs due to exposure to sea air, strong winds, spot water damage, damp and rust problems
	</li>
	<li>
	Less privacy during peak season
	</li>
</ul>

SUBURBS&nbsp;

Pros:&nbsp;

<ul>
	<li>
	Often plenty of schooling options
	</li>
	<li>
	Can be more affordable
	</li>
	<li>
	Relaxed lifestyle
	</li>
	<li>
	Local amenities growing
	</li>
</ul>

Cons:&nbsp;

<ul>
	<li>
	Potentially longer commute
	</li>
	<li>
	Not as much entertainment, restaurants and nightlife compared to the city
	</li>
</ul>

<h2>6. Insurance premiums</h2>

Environmental hazards associated with the property&#39;s location should also be addressed, as insuring a property in a flood or bushfire-prone area may be more expensive, affecting your budget.

According to a recent assessment by the <a href="https://www.afr.com/property/residential/climate-change-predicted-to-wipe-571-billion-off-property-values-20190508-p51law" target="_blank">Climate Council</a>, climate change and extreme weather would cause the Australian property market to lose $571 billion in value by 2030.

Make sure to double-check to see whether the insurance covers all these hazards as it may not be the case for most properties.&nbsp;

<h2>7. Limitations on your property</h2>

<figure><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/shutterstock_375497461.jpg?itok=xbcDyYXM" title="Source: Shutterstock" width="580" />

<figcaption>Source: Shutterstock</figcaption>
</figure>

The Vegetation Protection Overlay (VPO), the Environmental Significance Overlay (ESO), the Significant Landscape Overlay (SLO), and the Heritage Overlay (HO) are four overlays that can be used to protect and manage vegetation in urban areas as part of Victoria Planning Provisions (VPP).

They will have limited relevance in urban areas with small lot sizes because they aim to avoid broad-scale clearance of vegetation.&nbsp;

Restrictions such as the Vegetation Protection Overlay (covered in some parts of Monash and Mornington Peninsula Planning Scheme) exist in order to protect current vegetation, encourage the regeneration of native plants and trees, and maintain and improve habitat for native wildlife.

It can be used on individual trees, groups of trees, or large expanses of vegetation. This will cause limitations to any property in a protected area that you may want to renovate.&nbsp;

<h2>8. Recency</h2>

<figure><img alt="" class="image-article-full-width-580px" height="387" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/shutterstock_525154717.jpg?itok=O3dK6E74" title="Source: Shutterstock" width="580" />

<figcaption>Source: Shutterstock</figcaption>
</figure>

When you have found your potential property, it is good to start looking for their comparable sales (also known in the industry as &ldquo;comps&rdquo;).

Comps are recently sold properties that have similar characteristics to the one you&rsquo;ve been looking to purchase or invest in.

When it is a good deal, the value can go up when you resell in the future due to infrastructure and other upgrades.

New houses or renovated houses in that area can also drive up the value as it may increase interest.

As a first home buyer, you might be asking yourself, will this property be worth it in the long run?

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