The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Joel Robinson

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

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>

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.
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[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

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

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For the seventh time in a row, experts have deemed Melbourne the world’s most liveable city. It is the only time a city has been crowned number one for so many consecutive years.

Each year, the Economist Intelligence Unit (EIU) assess 140 cities worldwide as part of the Liveability Index, ranking them according to 30 qualitative and quantitative factors across the five broad categories of stability, healthcare, culture and environment, education, and infrastructure. Melbourne living continued to impress, and the city scored highly for its low crime rate, quality of infrastructure and accessibility, as well as the artistic culture and environment.

The ranking is a win for business, with the city’s firm reputation attracting investment. Tourists will continue to flock, and Australia’s top minds will continue to congregate to make the most of education and growing career opportunities.

<h2>Always Room for Improvement</h2>

But, despite its seven-year reign, Melbourne is far from infallible. Though it received a score of 97.5 from the EIU, planners and housing experts don’t share politicians’ and residents’ faith in the scores. The population is swelling by as many as 2,000 people a week, 500 of whom are fleeing Sydney in favour of better liveability. For now, Melbourne’s streamlined transportation network is able to keep up with demand.

Melbourne has also seen a slight increase in homelessness in the past 12 months, and the gap between rich and poor is growing. There was also increased robbery and theft noted, and it wouldn’t be too far of a stretch to infer that these are merely symptoms of the rising cost of housing. Surprisingly, the affordability of housing is not a factor considered in the Liveability Index. As Melbourne’s Lord Mayor announced, the city has room for improvement, and didn’t outshine rivals in any obvious area. Instead, it was the all-round higher scores which helped it to take the win.

<img alt="" src="/sites/urban.melbourne/files//pictures/article-images/most-livable-city-2.jpg">

<h2>Active Ageing</h2>

An Australia-wide issue, the ageing population does not discriminate Melbourne in adding pressure to the economy, healthcare and housing. As we move forward, ageing is going to be a key consideration to inform city planning. One of the most important concepts is in urban planning encouraging activity and exercise, essentially reducing the healthcare burden and helping people to lead fuller, happier and healthier lives.

Five key factors influence how cities can have this impact. Open spaces and parks, urban design, transport, schools, and workplaces all contribute to how people learn, feel and behave. When each of these elements is designed to facilitate an active lifestyle, the direct results can include reduced crime, business growth, better air quality and even reduced stress levels.

While these boxes are all mostly ticked within the heart of the CBD, the surrounding suburbs don’t fare so well. Due to sudden city expansion, the quality of infrastructural planning couldn’t keep up with the population. What we need to consider now is how to continue to make Melbourne the most liveable city, so that we can continue the Melbourne living lifestyle we’ve all grown to love.

<img alt="" src="/sites/urban.melbourne/files//pictures/article-images/most-livable-city-3.jpg">

<h2>The Future of Investment in Melbourne</h2>

Many experts are beginning to turn towards Melbourne’s outskirts, tipping these as the hotspot for future investment. Take Rockbank, for example. At 28km west of the city, it had an incredible year, with median house prices skyrocketing by almost 50%. However, the further away from the city, the higher the risk of a volatile market. While an investment here could end in a big win, it could also swing the other way. Generally speaking, the closer you buy to the city, the more stable your profit will be.

Experts agree that finding a property in the ‘sweet spot’, where a property is rented out just below the median rent, encouraging a steady yield in a competitive market. No matter what area you’re looking to invest in, your strategies of rental yield versus capital growth should be considered. In any case, it’s about catering to the vibe of Melbourne living.

For those looking closer into the city, it is worthwhile to know your market. Of the 130,000 thousand people who live in Melbourne’s CBD, more than half are aged 15–34. What’s more, 50% of the CBD population is living in single-person or couple households without children, thanks to Melbourne’s high proportion of students. By knowing your potential renter to a tee, you will be able to make your property that much more attractive—the most liveable home in the worlds’ most liveable city.
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urban.com.au

The World’s Most Liveable City Keeps Moving Forward

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Property has long been seen as one of the most stable and profitable assets. While most of us pinch our pennies and place a percentage of our income into savings, it is the housing market that is widely regarded as the most sure-fire path to lifelong wealth.

And while it is certainly true that the housing market is less volatile than shares or stocks, and a large number of owners have seen skyrocketing profit during the most recent spike in the market, wealth from property is by no means a guarantee.

For first home buyers and young families, it’s important to understand that our entire borrowing system relies on the assumption that value will rise. After all, that’s why we’re happy to pay interest on our loan. But when the market hits a standstill, or worse, falls, then inexperienced buyers can find themselves in serious financial strain. It’s crucial to discover this effect on housing that buyers need to know.

<h2>Recent Research on Housing Capital Gain</h2>

Recent growth phases in the housing market have meant that homes are worth more than ever. We’ve seen the average house price tip over $1 million in Sydney, and Melbourne isn’t far behind. While these markets may be more difficult to enter than ever, those fortunate enough to have owned during the past decade have seen significant wealth accumulation.

In Sydney and Melbourne, the number of homes which are worth more than double what they were purchased for has increased over the past 10 years, from 37.2% up to 48.1%. That means almost half of homeowners have made 100% profit from their investment.

But while these two cities get most of the limelight, it may surprise you to know that these trends aren’t shared across the board. Outside of Sydney and Melbourne, that same statistic has dropped in the past decade, from 45.4% to 39.1%. Regional areas, particularly in WA where the aftermath of the mining boom has seen prices plummet, were worst hit. This region came in at the highest proportion of homes worth 10% less than what they were bought for.

<img alt="" src="/sites/urban.melbourne/files//pictures/article-images/housing-market-effect-on-wealth-copy-2.jpg">

<h2>The Wealth Effect</h2>

Humans are biased creatures, and so we often exhibit tendencies which might not always be entirely rational. One of these tendencies is the wealth effect, a phenomenon in which we associate rising asset prices with an increased notion of wealth. If our housing market is on the rise, we immediately feel richer, and start spending up on everything from retail goods to stocks and even taking out larger loans. It might make sense that we could expect our home’s value to rise in line with a good market, but until the hammer falls, there is no real evidence of increased wealth. The point is, we get too excited before the money is actually in our pockets.

Without the physical wealth in our bank accounts, we start using our homes as ATMs, borrowing against them, dipping into our newly discovered equity and spending money that we don’t have, all because of this delusion that we are richer than we really are. And there are knock on effects that keep the cycle perpetuating. Our spending activity directly supports employment and increased income.

But we run into trouble when those all-important house values start to plateau. We begin to cut down on spending, repaying the debt that we have found ourselves in. Just as income and employment rose before, now it begins to fall.

Economists call this rise and fall a positive feedback loop. The good times are good, but the bad times are bad. It’s the perfect storm for a cycle of booms and busts. Throughout the 2000s, as asset prices continued to rise, so did spending. When the GFC hit, our own spending-induced debt coupled with the fall in asset prices was enough to ruin people.

<img alt="" src="/sites/urban.melbourne/files//pictures/article-images/housing-market-effect-on-wealth-copy-3.jpg">

<h2>Lessons to be Learned</h2>

Increased spending during these growth times means less is being put away into savings. For young families, or those owner occupiers who have just bought their first home, beware of the temptations of increasing housing markets. Some of our incomes should always be put away into savings, and now that you’ve landed a house, things are no different. Instead of saving for a deposit, it might be for a holiday, your next deposit, or just a rainy day. Circumstances can change unexpectedly, and now that you have a mortgage to pay off, you should always have a solid chunk of savings behind you, to tide you over for at least six months if something were to happen.

Understanding trends in the market, as well as your own financial situation and spending habits, are just some of the lessons to learn as a first home buyer.
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Housing Market Effect on Wealth

As more highly sustainable, well-built apartments are being constructed across Australia, purchasing <a href="/new-apartments">off-the-plan</a> is becoming an attractive option for discerning property seekers.&nbsp;It works out to be a win-win situation for both buyers and developers in many cases, as developers are able to secure capital early on in the development process, and buyers are rewarded with low deposit rates, and sometimes early-bird financial incentives. Buyers are often also offered a range of government subsidies when purchasing <a href="/new-apartments">off-the-plan</a> – including stamp duty concessions, first home buyer grants and more.

If you're considering buying <a href="/new-apartments">off-the-plan</a>, here are&nbsp;some tips&nbsp;that will help you with the process of acquiring your new home.

<h2>1. Know your budget</h2>

<figure><a href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/offtheplan-1.jpg"><img alt="" data-entity-type="" data-entity-uuid="" height="388" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/offtheplan-1.jpg?itok=4om5YJCQ" width="580" /></a></figure>

Purchasing an existing property is a huge decision, and requires you to save up a substantial deposit and budget for weekly mortgage repayments. One could argue that an off-the-plan property could require even more planning, due to the ability for the property value to fluctuate during the construction period. This shouldn't put you off buying off the plan if you&nbsp;do sufficient research prior to purchase.&nbsp;Once you've paid your deposit, you'll have no formal financial obligations, other than your own savings regime leading up to settlement (which can take a number of years depending on the extent of the build). A good way to alleviate stress once that day arrives is to make regular "mortgage payments"&nbsp;into a savings account during the construction period, so you'll have back up funds once you're paying the real mortgage on your new property.&nbsp;&nbsp;

<h2>2. First in, best dressed</h2>

<figure><a href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/offtheplan-3.jpg"><img alt="" data-entity-type="" data-entity-uuid="" height="821" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/offtheplan-3.jpg?itok=WfyIJud5" width="580" /></a></figure>

The earlier you lock in an off the plan contract, the lower the cost. One of the biggest barriers to buying off the plan is that buyers can’t actually see how the home will look and feel once completed. Instead, you have to rely on blueprints and 3D renders to decide whether the proposed development will meet your lifestyle requirements. If this doesn't phase you, then once you've decided that you like the architect and developer's previous projects, you're happy with the construction materials/fixtures used in the design, and you love the&nbsp;location, then you could be ready to look at placing an offer early on in the planning process.

Pre-existing dwellings require the buyer to come up with the full deposit immediately, while off-the-plan developments give the buyer the flexibility to pay a small percentage to secure the property and the rest upon completion (or at settlement).&nbsp;

Finally, this longer settlement will also improve your long-term financial position. A 10% deposit might set you back $50,000 with two years until settlement. However, with standard inflation and in a growth market, 10% of that same home after those two years might be much higher. Essentially, you’re getting a future home’s equity or value at today’s presumably lower prices.

<h2>3. Read your contract, and re-read it 100x</h2>

<figure><a href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/offtheplan-4.jpg"><img alt="" data-entity-type="" data-entity-uuid="" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/offtheplan-4.jpg?itok=Wq7awQeL" width="580" /></a></figure>

Contrary to popular belief, off the plan apartments are anything but identical to one another. In fact, there is a significant amount of flexibility when it comes to finishings, fittings, and even the layout of your floor plan. Don’t assume that a display home shows you the minimum inclusions. If the display suite boasts Miele appliances and marble benchtops, it'll pay to check whether certain items will be included with the property you're specifically interested in.

Expected construction timeframes should&nbsp;often be taken as a guide, rather than a rule. Obstacles can occur, design changes are regularly made and council approval can hold up the construction progress. It's always a good idea to be&nbsp;aware of your rights, who your direct point of contact is, and how to obtain construction updates.&nbsp;

It's also important to think about what happens once you move into your new house. Who will fix things when they break? What are your entitlements and warranties?&nbsp;What if the apartment is not as described?&nbsp;Has adequate consent been obtained and appropriate materials used? Can you change your mind, or are you locked in? If the building is fewer than three stories, you’ll also want to double-check that home warranty insurance is included. Remember that this is a contract that will serve you both now and several years into the future while the home is under construction, so it’s best to protect yourself early on in the buying stages.

<h2>4. Understand the legalities</h2>

<figure><a href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/offtheplan-6.jpg"><img alt="" data-entity-type="" data-entity-uuid="" height="870" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/offtheplan-6.jpg?itok=_kfPK03Q" width="580" /></a></figure>

Hiring&nbsp;a conveyancing lawyer to ensure the purchasing process is conducted in a professional manner is a great way to reduce the pressure of making a significant purchase, sight unseen. You'll also need to research your state government's&nbsp;rules when it comes to Sunset Clauses, lending criteria, grants/concessions and more.&nbsp;

<h2>5. Due diligence is essential</h2>

<figure><a href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/offtheplan-5.jpg"><img alt="" data-entity-type="" data-entity-uuid="" height="326" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/offtheplan-5.jpg?itok=KcSsTYaO" width="580" /></a></figure>

Last but certainly not least, research is vital when buying any property. Without being able to see the home you're buying, you're unable to inspect the quality, design, space, outlook and future development within the area. Visit council planning websites to determine which developments have been pitched in surrounding suburbs. Will any of those potentially block your view or reduce your property value? Research the team behind the development and decide whether you like the quality of their previous projects. Seek out the developer's previous buyers and ask if they were happy with their purchase. Talk to friends, family, colleagues and seek professional advice to ensure you evaluate every aspect of the design and to ensure you don't miss any important questions.

<figure><a href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/asset_8.png"><img alt="" data-entity-type="" data-entity-uuid="" height="1760" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/asset_8.png?itok=quzfmFDv" width="580" /></a>

<figcaption>Guide to Buying Off The Plan Apartments in 2019 Infographic.</figcaption>
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Guide to Buying Off The Plan Apartments in 2020

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When you’re on the hunt for a new home, building up strong relationships with a network of real estate agents soon becomes top of your priority list. Agents act as the gatekeepers between you and your dream home, and so getting on their good side is crucial to ensure you’re in the running amidst a crowd of competition. But when it comes to negotiating a deal that’s as equally good for you as it is the vendor, how do you toe the line between friendly and firm? If you want to know how to negotiate a great deal, you’ve first got to think about your tone and approach, conducting thorough research of the area, as well as having a good old fashioned positive attitude. We’ve collated some first-hand tips for <a href="https://www.mortgagechoice.com.au/caroline.jean-baptiste/blog/questions-to-ask-the-agent-before-you-make-your-offer/">negotiating with real estate agents</a> to land yourself your ideal property.

<h2>1. Strike up a conversation</h2>

Real estate agents want what’s best for their client, the vendor, but that doesn’t mean that they’re out to get you either. The more contact you have with them, starting by simply striking up a conversation and talking about the area, the more they will be able to pick out your face in the crowd. Property negotiation is as much about connecting with a person as arguing about a home’s value. There’s no harm in extending the olive branch, and you may just be rewarded with some handy information about how the buyer prefers to communicate, or if they’re looking to sell immediately. This insight may inform the way you approach the purchase, such as by offering a shorter settlement period. The more you understand the vendor’s motivations, the more easily and reliably you can present yourself as the ideal buyer. Never underestimate the power of a hello and a how are you.

<img alt="" src="/sites/urban.melbourne/files//pictures/article-images/negotiating-with-real-estate-agents-02.jpg">

<h2>2. Do your homework</h2>

You wouldn’t try to write an essay without a completely foreign concept. This logic applies quite readily to your property negotiation preparation. Without a firm understanding of the market, backed up with tangible evidence of recent comparable sales in the area, you won’t be able to adequately construct your argument—and that’s what property negotiation essentially is. Without the facts and figures, a negotiation can risk roaming into emotional territory, blowing completely out of proportion without reason to ground it. For first home buyers and inexperienced buyers, the thought of negotiating with an agent can be incredibly daunting, because there’s no previous knowledge to back you up. Your best line of attack is read widely, and try to retain a few go-to figures to avoid being bamboozled by the experts.

You will also want to do a bit of background digging on your agent and agency. How do they do business? What are their expected timelines? How do they best communicate? Getting to know some context surrounding who you’re dealing with will lay the foundations for a great negotiation. If you weren’t aware that all offers are immediately communicated to the vendor, for example, then you might be still waiting after a week to hear back, and during that time have missed your window to up the ante.

<h2>3. Find your balance between flexible and firm</h2>

There’s nothing more off putting or desperate than a buyer who constantly goes back on their ‘final offer’. It tells the agent that your word doesn’t mean much, and also that you could probably be coerced into just about any situation. Similarly, a buyer who won’t budge from their first figure thrown into the conversation is also a turn off. A sale is a delicate art of negotiation. It will involve some back and forth, but its success also demands some boundaries. If you are in the position to begin your property negotiation, make sure that your limit is firm in your head, but that you ease into talking to the agent.

When it comes to the fine print of your offer, you will want to carefully consider whether you have any conditions, such as a cooling off period, sunset clause or extended settlement period. Unconditional offers will immediately stand out to a vendor, but they may not suit your requirements.

<img alt="" src="/sites/urban.melbourne/files//pictures/article-images/negotiating-with-real-estate-agents-03.jpg">

<h2>4. Don’t be afraid to drop in a plan B</h2>

Agents weren’t born yesterday. Understanding how to negotiate with a real estate agent also involves you appreciating that they do this every day. They will likely be aware of your tactics, and if you start to push too hard they will spot it in an instant. That said, it doesn’t hurt to think about how you come across, and try to gently suggest that there are other offers or options on the table. If you genuinely have a plan B and the home in question isn’t the be all and end all of your property dreams, then it certainly doesn’t hurt to drop it into the conversation. Ultimately, real estate agents want to sell the property to a suitable buyer, and if you’re leading the pack then they might think twice about having you drop out of the race.
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Tips for Negotiating with Real Estate Agents

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A home to call our own is a big part of the Great Australian Dream. But in today’s real estate climate, getting a foot in the door can seem out of reach. Aside from escalating house prices, the process itself can be confusing too. Approvals processes, first home owners grant applications, understanding your financial situation and getting to know the local market all require careful research and planning. These five key points will help to demystify the process, and help you ask the right questions when buying your first home.

<h2>1. Learn your ballpark</h2>

Even with a sizeable deposit, your earning potential will limit how much banks will be willing to lend you. After all, it is a big risk on their behalf, with the majority of loans constituting 80% or more of the purchase amount.

Lenders will assess how much you can realistically afford to pay back each month, and this will inform what price bracket you can explore. Recent payslips, your latest tax return, and proof of ongoing income are all standard in order to prove that you are a safe bet.

Of course, the monthly repayments will vary depending on the length and interest rate of your loan. This is where it pays to shop around and explore your options with lenders.

<img alt="" src="/sites/urban.melbourne/files//pictures/article-images/first-home-buyers-02.jpg">

<h2>2. Save a realistic deposit</h2>

The deposit is the biggest barrier to buying your first home. While there is no shortage of 10% or even 5% deposit offers, the smaller your deposit, the greater your risk of future financial struggle. Should the market suddenly plummet, you may risk owing more than your home is worth.

A deposit of 20% or more will often waive Lenders Mortgage Insurance (LMI), an additional fee that lenders charge in order to balance out their increased risk. While LMI can be paid upfront, it can be $10,000 or more, and so many first home buyers decide to add it onto their loan (and pay the required interest).

Of course, that LMI may be worth the risk to you, especially if the costs of renting for another few years dramatically outweigh the fee. There is no hard and fast rule for deposit amounts, only several factors which can inform an individual decision for each buyer.

<img alt="" src="/sites/urban.melbourne/files//pictures/article-images/first-home-buyers-03.jpg">

<h2>3. Understand the fees</h2>

While most first home buyers are focused on pinching their pennies to scrape together a deposit, it’s worth being aware that there are a number of other costs involved in buying a home.

Stamp duty varies between states, but can be up to another 5% of the purchase price in states such as South Australia. For new and established first homes under $600,000 in Victoria, where the buyer will be an owner-occupier, stamp duty is exempt. While not nearly so costly, added extras such as inspection fees, transfer fees, mortgage registration fees, home insurance and legal fees can all be unexpected surprises for first home buyers.

<h2>4. Get to know your grants</h2>

There are a range of incentives which aim to help first home buyers overcome their tough position and start climbing the property ladder. The First Home Owners Grant (FHOG) again varies between states. For Victoria, new homes under $750,000 that are either built or bought, may be eligible for a $10,000 grant. It’s worth noting that this sum doubles for rural property purchases.

You can learn more about eligibility requirements <a href="http://www.sro.vic.gov.au/first-home-owner/apply-first-home-owner-grant-fhog">here</a>.

This grant should be applied for at the same time as your home loan. Lodge it through your lender for a speedier approval process. In most cases, it will be processed by settlement, or for those building a new home, by the first construction loan payment.

<img alt="" src="/sites/urban.melbourne/files//pictures/article-images/first-home-buyers-04.jpg">

<h2>5. Start the search</h2>

Now that all the boxes are ticked and the processes are in place, you can get onto the fun part of buying your first home—open inspections!

The best advice here is to be aware of your emotional biases. Heading into an inspection with a list of your must-haves and nice-to-haves will help you to make a more rational decision. It’s easy to get carried away by a pool or gimmicky features, but you have to constantly ask yourself how much value do they add to your lifestyle, and to the cost of the house itself?

Many buyers quickly become disillusioned with what’s on offer in their price range. Consider adjacent suburbs, as it is often the case that a property in a similar area but without the designer suburb name might attract a more reasonable price. Delve into market data and come to terms with how different areas become popular. Hitting onto an up and coming suburb which hasn’t made headlines yet could see you net a tidy profit in a few short years.

Don’t forget to take a list of questions to ask when buying your first home. Things like the condition of the house, the possibilities of expansion, or heritage listing status can often get swept under the rug.

And finally, remember that a home is much more than the bricks and mortar of the property. The location—including transport, facilities and proximity to schools—is something that can’t be easily adjusted. A home renovation however is something that can be easily done to ensure you home grows as you do.
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5 Tips Every First Home Buyer Needs To Know

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Property is at the heart of successful investing, but there are as many traps as there are opportunities—so how do you go about ensuring your investment is a boom rather than a bust? Even in a market amid much debate, successful investing hinges on the same principle as it did 20 years ago: buying the right home is key. If you get this right, the benefits of buying for investing are immense.

Head Over Heart

This is the simplest tenet yet also the most common stumbling block for first timers. The simple truth is that buying a first home to build a life in could not be more opposite to buying your first investment property. In a home to live in, you’re likely to be swayed by those quirky features that make the house a home. But when it comes to investment property, you’re aiming for a well presented blank slate for someone else to put their stamp on. A lick of paint and some clean lines will go a long way, but don’t take it much further than that.

Unlike buying shares and other investments, property value isn’t absolute. A number of factors can come into play, and ultimately, it is only worth what someone is willing to pay for it. In order to best calibrate your sense of value, you’ll need to conduct some extensive research over time, visiting properties, attending auctions, and speaking with agents. Without this knowledge, you’re at risk of buying too high and missing out on capital gain. The benefits of buying for investing are only tangible if you’re strategic in your approach.

<img alt="" src="/sites/urban.melbourne/files//pictures/article-images/buying-right-investment-wise-1.jpg">

Buying, Not Selling, is Key

It’s quite easy to fall into the trap of thinking that housing will always increase in value. While a steady profit is common, it cannot be relied upon in totality. Holding out for that golden time when prices suddenly spike and you can sell for a fortune is unrealistic. The most solid route to property profit is through buying right in an up and coming area, and perhaps adding some of the polish yourself through renovations and additions. Talk to your agent about any vendors who may need to sell urgently.

Listen to an Expert, Not Hearsay

Everyone has to start somewhere, so we are all new to the property game at some point. Rather than try to navigate the wealth of information out there without any solid direction, chat to a consultant, coach, or personalised agent who will be able to lay the foundations for you. They’ll be well versed on the current opportunities of interest, trends, and best investing practices, rather than outdated tip offs.

Know Your Finances

Investing carries a different risk to banks than owner-occupying, and as such, the lending criteria may be quite different to your expectations. While you may only need a 5–10% deposit for a home to live in, investment deposit may need to be higher so that your loan to value ratio (LVR) comes down. Talking to a professional will also put you in good stead for understanding what fees and costs you can claim on tax, and how your can utilise equity to your advantage to build your portfolio over time. Buying right is not a skill that comes overnight.

Buy With Consideration of Your Area

You may have found a unit that’s in a desirable neighbourhood at a reasonable price. A smart investment, right? Now consider that the area is full of families rather than couples, and there’s an oversupply of units compared to houses. Now it seems like less of a good buy. It’s a common pitfall to be so convinced that you’ve nabbed a bargain, that you overlook the potential red flags. Know your demographic, their buying tendencies, and your strategy for the area, and buying the right home will be possible. Perhaps you want to purchase a block of land in an area that you expect will appreciate quickly. Perhaps you need a steady rental income to fuel other investments, your own rent or even your mortgage.

Buying the right home for investment is a business decision, not an emotional one. It has got to have the features on paper, as well as the physical pull when you walk in the door. A rational approach, working out the figures you expect to make versus what you must invest, and weighing up the pros and cons, is the best way forward.
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Buying Right: Investment Wise

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The pathway to homeownership is becoming more and more diversified as young singles, couples and families look for accessible ways to secure their first home. Trends including population growth, increasing house prices and a rise in multi-unit dwellings are encouraging first home buyers to think outside the box when it comes to buying. Property ownership pathways shift according to how people live, and this too is breaking the barriers of tradition. By 2030, experts are suggesting that a series of ownership pathways will gain traction, influencing the way we borrow, buy and sell.

<h2>Cohabitation</h2>

Share houses are a right of passage for students and young professionals, but this living arrangement is expected to cross over from renting to buying. Couples or friends are teaming up to purchase property, laying out the ground rules for private and communal spaces. More than just a way around steep deposit prices, this strategy offers one of the biggest benefits of homeownership in the modern age—it’s a win-win for those who want to strengthen existing relationships while also splitting the mortgage repayments. The number of applications from single buyers is decreasing as deposits continue to soar, and lenders are beginning to offer more flexible, realistic terms for these kids of loans.

<h2>Community-centric Design</h2>

Alternatively, it may be a case of purchasing smaller dwellings which share communal areas like laundries, kitchens, and outdoor spaces to minimise the land and environmental costs of a traditional stand alone home. Architects and developers are leaning towards community design, which embraces common areas and facilities while also bringing back the neighbourly atmosphere of times gone by.

<img alt="" src="/sites/urban.melbourne/files//pictures/article-images/home-ownership-1.jpg">​​​​

<h2>Guarantor Loans</h2>

Hopeful home buyers in Australia may be familiar with guarantor loans, which enable them to put up a lower deposit than usual if their parents are willing to list their own home as security. This can be a useful solution, but repayments should be well within you means, considering your family’s lifetime wealth is on the line.

<h2>Crowd Housing</h2>

In an exciting move towards listening to the market, crowd housing is gaining traction as a way to connect buyers and developers to share ideas, voice opinions, and ultimately create housing that ticks the boxes for more people. Developments can have a stigma of cutting corners, being cramped, and involving cookie-cutter designs that lose their value immediately. But, thanks to this market insight, we are seeing more individual designs which feel less like cheap housing and more like smart thinking. Property ownership using this method is not only more accessible, but more suited to modern lifestyles.

<h2>Guest Housing</h2>

While it doesn’t overcome the deposit hurdle, guest housing does offer a practical solution to the repayment hurdle. Some buyers are opting to save for a few extra years to scrape together a bigger deposit for a bigger house. The catch? They’re buying bigger than they need, with the view to renting out a room, or listing on a shared economy platform like Airbnb. You may look to rent out a granny flat to international visitors, or find a longer term tenant to cohabit with you and send their rent towards your mortgage.

<h2>Multi-generational Living</h2>

Moving back home with mum and dad might not be the most fashionable approach, but many first home buyers are seeking out this living arrangement to save up for a deposit. To take it a step further, joined home ownership with an aunt and uncle, or a parent, can in fact give you the added bonus of additional equity, not to mention splitting the deposit and repayments.

<h2>Property Shares</h2>

It’s not a common occurrence yet in Australia, but overseas countries like Britain have had success with stair-casing, whereby homeowners can purchase a share of a property, gradually increasing this stake as their funds allow. This allows buyers to enjoy all the benefits of home ownership without the initial cost barrier.

<h2>Buying to Rent</h2>

It may seem counterintuitive, but there’s an increasing trend for first home buyers to purchase a property which they don’t plan on living in. It may be that they can purchase a lower value property than their current standard of living, continuing to rent themselves while pooling their tenant’s rent into their savings fund. It’s worth noting, however, that many of the concessions available to first home buyers, such as the First Home Owners Grant and stamp duty concessions, may not cover non owner-occupier agreements.

Property ownership is a hot topic, and while the standard pathways may be slipping out of reach, it is certainly not an unattainable dream to reach successful home ownership. While some of these entry points are still being refined, and have some way to go in terms of creating a sustainable and cohesive model for buyers to lower the risks involved, it is a refreshing change of pace for determined buyers and genuinely promising for successful home ownership on a larger scale.
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Home Ownership Comes in All Ways

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EXPERT OBSERVER
We at the SMSF Association are urging the Financial Adviser Standards and Ethics Authority (FASEA) to provide more guidance and certainty about how recognised prior learning for existing financial advisers will be implemented as they transition to the new education standard.
Introducing higher education standards for financial advisers has always been a key policy goal for out organisation, but it is essential that advisers have greater clarity and certainty as to how their existing qualifications will count under the new education standards being proposed by FASEA.
In its submission to FASEA on proposed guidance on education pathways for existing advisers, we at the Association say advisers who have made every effort to be educated and have completed high quality education and accreditations should have their efforts to be professionally recognised under the FASEA framework.
Currently, the proposed FASEA education standards for existing advisors do not provide enough recognition for prior learning.
A more meaningful recognition of advisers’ prior education should help them in the transition to the new regime with less cost and effort while maintaining the high standards that must be achieved to ensure consumer trust. 
We at the Association also strongly recommended that financial advisers who service SMSF trustees should be required to have completed specialised SMSF education.
This has been a long-term position of the Association that was recently echoed by ASIC who recommended that specific SMSF education requirements for advisers be introduced to raise standards of advice in response to the advice failings documented in ASIC’s Report 575 ‘SMSFs: Improving the quality of advice and member experiences’.
We also recommended greater flexibility for new entrants to undertake university study and still be able to enter the financial advice profession.
The proposed FASEA pathway for new entrants is too rigid and may starve the industry of future advisers.
We have also raised concerns about accountants giving SMSF advice under a limited license not being adequately considered under the existing pathways framework.
We are advocating a specific pathway designed for the services they provide rather than having them spend considerable time and money studying subjects that are not relevant to the advice they provide.
Jordan George is the SMSF Association's Head of Policy and holds an Honours degree in Economics and Law from Adelaide University
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j.ballantyne1990-6AQqhLzZaK

More clarity needed about financial advisor's prior learning: Jordan George

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Laurence and I discuss the news in Melbourne this week.

We're getting toward the end of 'developing' Docklands, Southbank Boulevard changes kick off, Infrastructure Victoria has surprisingly gone out early for its first 30-year strategy refresh and shots fired! - the Victorian state opposition has announced their first public transport-focused election initiative.

And remember to subscribe to the Apartments.com.au podcast through your favourite podcasting app - just search for Apartments.com.au.

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Alastair Taylor

Weekly Podcast: Episode 23 - Docklands, Southbank Boulevard, Infrastructure Victoria and Cranbourne-Clyde

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Parramatta's Light Rail project is progressing with a new contract for enabling works being awarded recently; Guardian Cities profiles <a href="https://www.theguardian.com/cities/2018/jul/05/meet-the-numtots-the-millennials-who-find-fixing-public-transit-sexy-urbanist-memes">'</a><a href="https://www.theguardian.com/cities/2018/jul/05/meet-the-numtots-the-millennials-who-find-fixing-public-transit-sexy-urbanist-memes">numtots</a>'; and there's plenty of hotels in the development pipeline despite prolific sharing platforms like Airbnb expanding in Australia.

Stay warm everyone.

Don't forget to subscribe to the Apartments.com.au podcast through your favourite app!

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