Not all apartment amenities are immediately visible.

Swimming pools, gyms, rooftop terraces and residents' lounges have long featured on buyers' wishlists, but as the way Australians live has changed, so too have the features that make apartment living more convenient.

Increasingly, buyers are placing value on the practical aspects of day-to-day life. Fast internet, EV charging, secure bike storage, flexible workspaces and parcel management are becoming just as relevant as lifestyle amenities, reflecting changing habits and expectations.

Online shopping has been one of the biggest drivers of that shift.

Australians spent a record $82.6 billion shopping online in 2025, with almost one in every four retail dollars now spent digitally, making parcel deliveries a routine part of everyday life rather than an occasional convenience.

For apartment residents, however, receiving those deliveries isn't always straightforward.

Without someone home to accept a parcel, deliveries can be redirected to a nearby Post Office, left in building foyers or common areas, or require building management to temporarily store packages. As apartment living continues to grow across Australia's cities, parcel management has become an increasingly important consideration for both residents and developers.

Australia Post's Parcel Locker network is one response to that shift.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/KPZ9j5FRdsQ?si=Qztc1dNP3ZvEIUhb" title="YouTube video player" width="560"></iframe>

Rather than relying on home delivery, eligible parcels can be directed to a nominated Parcel Locker, where they're securely stored until collected. Once a parcel arrives, residents receive a notification through the AusPost app or SMS and can retrieve it using a one-time code or QR code at a time that suits them.

The network has expanded to more than 1,500 locations nationwide, with Parcel Lockers positioned at Post Offices, shopping centres, supermarkets, transport hubs and, increasingly, within or alongside residential developments.

That growing presence reflects a broader change in how apartment buildings are being planned.

Developers are increasingly considering the operational side of apartment living alongside traditional lifestyle amenities. Just as secure mailrooms, bicycle storage and EV charging have become more common inclusions, parcel management is emerging as another feature that supports everyday convenience.

It also helps preserve the arrival experience within a building. Carefully designed lobbies and communal spaces can quickly become cluttered when deliveries accumulate, while secure parcel solutions reduce the likelihood of missed deliveries or parcels being left unattended.

For buyers comparing apartments, these everyday details are becoming part of the decision-making process.

Location, floorplans and finishes remain fundamental, but the features that simplify daily life are carrying greater weight than they once did. As online shopping continues to shape consumer behaviour, secure parcel delivery is increasingly becoming another amenity worth looking for.

Joel Robinson

Parcel delivery is joining the apartment amenity checklist

Inca Property Group has lodged a State Significant Development Application (SSDA) for Dawn, a 53-apartment oceanfront development overlooking Mona Vale Beach.

The proposal, at 35-39 Darley Street East, would replace an existing 18-apartment strata building with a new owner-occupier-focused development comprising 53 two and three-bedroom apartments, including nine affordable built-to-rent residences delivered under the State's infill affordable housing scheme.

Positioned on a 2,679 sqm elevated site around 280 metres from Mona Vale Beach, the development has been designed to maximise panoramic ocean views while responding to the site's sloping topography.

<a href="https://www.apartments.com.au/developers/inca-property-group">Inca Property Group</a> Managing Director Josh Thompson said the State Significant pathway provided greater certainty for projects of this scale.

"This State Significant pathway gives the team real certainty to progress <a href="https://www.apartments.com.au/new-apartments/dawn-35-39-darley-street-east-mona-vale-nsw-2103">Dawn</a> through to completion," Thompson said.

"It allows us to acquire a one-off site, design it carefully and deliver the right offering for the suburb, assessed by the NSW Government's planning department."

The project is one of the first developments in the area to be assessed under the NSW Government's Low and Mid-Rise Housing policy, with the site sitting on the edge of the policy's designated inner area.

The proposal includes three basement levels providing 124 car spaces, alongside a range of resident amenities including a swimming pool, gym, sauna, wellness facilities and private plunge pools for selected ground-floor and penthouse apartments.

<img alt="Dawn" data-entity-type="file" data-entity-uuid="fc1a1daf-0ce4-4f12-9076-b1fa553c7a91" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-21%20at%208.42.11%E2%80%AFAM.png?VersionId=4GZ9h.gpNkTljbxyAET8Jfhv51XUamDm" />

Thompson said Dawn had been designed specifically for owner-occupiers and downsizers, a buyer profile that has driven demand across Inca's recent Upper North Shore developments.

"The majority of buyers in our recent North Shore projects have been downsizers, and we are learning exactly what this market is looking for. Beyond the location itself, we have included resort-style amenities to deliver a genuine lifestyle offering," Thompson said.

Located within walking distance of Mona Vale Beach, the town centre, Mona Vale Golf Club and the Royal Motor Yacht Club, Dawn represents Inca's first Northern Beaches project following the sell-out of Tara on Park in Waitara and Ellis Residences, currently under construction in St Ives.

Construction will be undertaken by Inca's in-house construction arm, GOP Constructions.

Dawn is the latest major apartment proposal for Mona Vale, with the suburb emerging as one of the key beneficiaries of the NSW Government's new Low and Mid-Rise Housing policy.

New developer One Living, led by industry veteran Joseph Scuderi, recently secured a site on Mona Vale Road, on the border of Mona Vale and Pymble, where it is planning around 140 apartments.

IPM is also planning its third project in Mona Vale, significantly increasing the scale of its previous developments with an 82-apartment proposal at <a href="https://www.apartments.com.au/new-apartments/159-167-darley-street-west-mona-vale-nsw-2103">159-167 Darley Street West</a>, opposite Bayview Golf Course and less than 800 metres from Mona Vale town centre.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/one-living-enters-sydneys-new-apartment-market-with-northern-beaches-site-acquisition">One Living enters Sydney's new apartment market with Northern Beaches site acquisition</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-ipm-plans-third-mona-vale-project">First look: IPM plans third Mona Vale project</a>

First look: Inca eyes Mona Vale with State Significant DA for Dawn apartments

Seasoned Victorian apartment developer <a href="https://www.apartments.com.au/developers/central-equity">Central Equity</a> has logged more than $400 million in sales in its luxury apartment project Palmera Residences at Northcliffe on the Gold Coast.&nbsp;

Central Equity Director Karl Kutner said the sales result reflected a combination of location, product quality and delivery certainty with the project already under construction by building powerhouse Multiplex.&nbsp;

"Surpassing $400 million in sales since launch is a significant milestone and an outstanding endorsement of <a href="https://www.apartments.com.au/new-apartments/palmera-residences-gold-coast-18-garfield-terrace-surfers-paradise-qld-4217">Palmera Residences</a>,” he said.&nbsp;

"We believe one of the key reasons for this strong result is the confidence purchasers have in knowing the project is under construction with Multiplex. Buyers are increasingly looking for certainty. They want to know that the project they commit to today will be delivered by an experienced team with a proven track record."&nbsp;

[smartcode_project:default project_id=108274 project_image_fid=365782]

Kutner said it was clear there was still high demand for luxury projects that offered certainty of delivery.&nbsp;

“We are in a market where many residential developments have faced delays due to rising construction costs, labour shortages and financing challenges,” said Kutner.&nbsp;

"But having construction underway has provided our buyers with resounding confidence backed by more than 40 years of development delivery by Central Equity combined with construction by one of Australia's most respected construction companies."&nbsp;

[smartcode_project:default project_id=108274 project_image_fid=365785]

Central Equity is one of Australia's most experienced privately-owned property developers. Over more than four decades, the company has delivered in excess of 85 residential developments including 10,000 apartments and many thousands of stand alone homes.&nbsp;

Located on Garfield Terrace at Northcliffe, between Surfers Paradise and Broadbeach, Palmera Residences occupies one of the Gold Coast's most sought after beachside locations. The development has been designed to appeal to owner occupiers seeking premium residences that combine generous living spaces and resort style amenities.&nbsp;

Palmera Residences will feature an exceptional collection of resort style amenities, including two swimming pools: a generously sized family pool with safe shallow zones for relaxed recreation, and a 20 metre lap pool positioned to maximise all day sunlight.&nbsp;

Residents will also enjoy exclusive access to wellness and recreational facilities including a magnesium pool, sauna, yoga studio, expansive fitted gymnasium, resident lounge, outdoor BBQ’s&nbsp;and indoor and outdoor dining areas, together with a dedicated concierge and luxurious hotel inspired entrance foyer.&nbsp;

[smartcode_project:default project_id=108274 project_image_fid=365767]

A unique feature at Palmera Residences has been designed to enhance the Gold Coast lifestyle which includes both indoor and outdoor gymnasium facilities, together with thoughtfully designed indoor and outdoor dining and entertaining areas. A corner café has also been incorporated to provide residents with a destination for their everyday needs.&nbsp;

Kutner said buyer demand had been broad based with purchasers attracted from interstate as well as throughout South East Queensland.&nbsp;

"We're seeing strong interest from owner occupiers, lifestyle buyers and people relocating to the Gold Coast. Many purchasers have been searching for a premium beachside residence where quality, design and delivery are equally important."&nbsp;

[smartcode_project:default project_id=108274 project_image_fid=365771]

Kutner said the sales milestone was an important achievement, but the focus remained firmly on delivering an exceptional development.&nbsp;

"While reaching $400 million in sales is an important milestone, our priority remains delivering a project that exceeds purchaser expectations,” he said.&nbsp;

"Palmera Residences has been designed to become one of the Gold Coast's landmark residential addresses, and we look forward to welcoming our purchasers to their new homes."&nbsp;

There are a limited number of residences remaining in selected configurations with pricing from $2,950,000 to $8,950,000. Palmera Residences is also crowned by expansive penthouses with wrap around views.

[smartcode_project_cta:default project_id=108274]

Construction certainty and strong buyer demand drive major sales result for luxury Gold Coast development

Palmera Residences fly out the door as sales pass $400 million

National property developer <a href="https://www.apartments.com.au/developers/goldfields-group">Goldfields</a> has appointed BINAH as its construction partner for Quartet, its new Brisbane apartment development in the undersupplied suburb of <a href="https://www.apartments.com.au/developments/milton-qld-4064">Milton</a>.

Located just two kilometres from the Brisbane CBD and moments from key 2032 Olympic precincts, <a href="https://www.apartments.com.au/new-apartments/quartet-milton-33-manning-street-milton-qld-4064">Quartet</a> will deliver 131 one, two, three, and four-bedroom apartments priced from $1 million to $4.2 million, combining elevated design with a wellness-focused lifestyle offering.&nbsp;

[smartcode_project:default project_id=108736 project_image_fid=368000]

Goldfields’ Chief Executive Officer, Lachlan Thompson, said the appointment of <a href="https://www.apartments.com.au/builders/binah-constructions">BINAH</a> marked an important milestone for the project.&nbsp;

“Bringing BINAH on board as our construction partner will allow us to bring our vision for Quartet forward with a team that has a proven track record of delivering high-quality residential projects,” Thompson said.&nbsp;

“We’ve taken a considered approach to progressing the site because we wanted to deliver the whole package. Buyers ultimately back great developers, great projects and great builders, and with Quartet, we’ve made sure all three line up.

“People want certainty, they want to know the project will be built, that the homes will be delivered as promised, and that the developer stands behind the quality of what they create. That’s something Goldfields has built its reputation on over many years.”&nbsp;

[smartcode_project:default project_id=108736 project_image_fid=367993]

BINAH’s Managing Director, Khalil Hafza, said the company was proud to be partnering with Goldfields to deliver Quartet.&nbsp;

“Quartet is an exciting project to bring to life, particularly given the level of detail in the residences and the extensive rooftop amenity planned for the building,” Mr Hafza said.&nbsp;

“Our focus is on delivering a high-quality build that brings that design vision to life and creates homes residents will enjoy for many years.”&nbsp;

[smartcode_project:default project_id=108736 project_image_fid=367999]

The facilities at Quartet have been feared towards the roof, with a&nbsp;25 metre lap pool, spa, sauna and cold plunge, and a communal barbecue area and alfresco.

Town planning was designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and brought to life by Melbourne-based architecture firm Cera Stribley.

<a href="https://www.apartments.com.au/interior-designers/cera-stribley">Cera Stribley</a> Co-Founder and Managing Principal, Dom Cerantonio, said the project responds to both its riverside setting and Brisbane’s evolving urban character.&nbsp;

“Quartet has been designed to sit comfortably within its riverside context, offering a refined take on urban living through well-planned, generously proportioned residences that will stand the test of time,” Mr Cerantonio said.&nbsp;

“An emphasis on natural light, natural textures and carefully selected finishes from timber and marble to premium appliances, creates calm, considered interiors designed for comfort and long-term liveability.”&nbsp;

Construction of Quartet will commence in July 2026, with completion anticipated in Q4 2028.

[smartcode_project_cta:default project_id=108736]

Construction to commence on 131-residence tower designed around wellness-focused living

Goldfields appoints BINAH for Quartet apartments in Milton

The first partnership between national developer <a href="https://www.apartments.com.au/developers/fortis">Fortis</a> and Adelaide-based developer <a href="https://www.apartments.com.au/developers/otello">Otello</a> has made a strong start, with the pair securing $21 million in unconditional sales at <a href="https://www.apartments.com.au/new-apartments/one-four-four-hutt-adelaide-144-hutt-street-adelaide-sa-5000">One Four Four Hutt</a>&nbsp;on the edge of the Adelaide CBD.

Over a third of apartments have been snapped up in the boutique 44-apartment project on the corner of Hutt Stret and Wakefield Road. Local downsizers and owner-occupiers wanting to remain in Adelaide's tightly-held southeast quarter have been the most prominent purchasers.

The DKO-designed, mixed-use development is one of the few new apartment projects in the precinct, an area where new housing supply has remained limited despite continued demand from buyers wanting to stay close to the CBD, Victoria Park and Adelaide's established east-end amenities.

[smartcode_project:default project_id=151233 project_image_fid=375378]

Fortis Head of Development SA Arthur Dendrinos said the early sales reflected both the strength of the local owner-occupier market and confidence in the Hutt Street location.

"The level of early commitment reflects the confidence local buyers have in the Hutt Street precinct," Dendrinos said.

"Many purchasers are long-term east-end residents who love the area and want to stay connected to the neighbourhood. They recognise the value of a well-designed, well-located development.

"Our partnership with Otello has been central to this success, and the number of unconditional sales at this stage only strengthens our confidence in the South Australian market."

[smartcode_project:default project_id=151233 project_image_fid=375379]

Otello Director Daniel Harris said the sales result also highlighted the lack of new apartment opportunities within the Hutt Street precinct.

"One Four Four Hutt has clearly resonated with buyers, with strong early sales reflecting both the appeal of the Hutt Street corridor and the lifestyle on offer," Harris said.

"The activated ground-floor retail has also been a key drawcard, with purchasers responding to the vision of a more vibrant and connected streetscape, not just the residences themselves."

One Four Four Hutt will deliver 44 one, two and three-bedroom apartments, alongside a collection of penthouses, above a ground-floor retail offering designed to further activate the Hutt Street precinct.

Construction is scheduled to commence in the third quarter of this year, with completion anticipated in 2028.

[smartcode_project_cta:default project_id=151233]

Fortis Head of Development SA Arthur Dendrinos said the early sales reflected both the strength of the local owner-occupier market and confidence in the Hutt Street location.

Fortis makes Adelaide debut with Otello as One Four Four Hutt records strong early sales

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

The ACT will become the first jurisdiction in Australia to abolish stamp duty for all first home buyers, with no income caps and no property price thresholds from 1 July.

The move, announced as part of the ACT Budget, completes a key election commitment from the Barr Government and removes what Chief Minister Andrew Barr described as one of the biggest barriers to entering the housing market. The reform forms part of the ACT's long-running transition away from transaction taxes and towards a broader-based property tax system.

"This budget marks a major milestone in our long-term tax reform program," Barr said, adding that the government had maintained a sustained focus on removing barriers to home ownership. He said stamp duty had long been one of the largest upfront hurdles facing buyers and that from July, "that barrier is gone" for first home buyers in the Territory.

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The changes come alongside a range of measures designed to encourage new housing supply, including support for the delivery of so-called "missing middle" housing such as terraces, townhouses and low-rise multi-unit developments.

The announcement has renewed debate around whether the ACT's approach could provide a blueprint for improving housing affordability nationally.

New research from OurTop10.com.au, conducted by Primara Research, suggests the Territory's decade-long reform agenda has produced outcomes unmatched elsewhere in Australia.

While stamp duty costs have increased by an average 67 per cent nationally over the past decade, the ACT has recorded growth of just 15 per cent, the lowest increase of any jurisdiction.

The Territory has also emerged as one of the strongest performers on housing delivery. Based on population-weighted housing targets, the ACT is sitting less than one per cent behind its target. Victoria is the next closest at seven per cent behind, while the national average sits 25 per cent below target. New South Wales is tracking 39 per cent behind.

The latest reform removes one of the final barriers facing first home buyers in Canberra.

[smartcode_project:default project_id=139989 project_image_fid=359152]

The average Australian home buyer currently pays $61,714 in stamp duty. In the ACT, that figure is $38,399 despite the Territory having the third-highest median house price in the country.

Until now, the ACT's first home buyer concession scheme only applied to purchases up to $1.02 million, around $51,000 below Canberra's median house price of $1.071 million. In practical terms, many first home buyers were unable to access the median-priced home without losing the concession.

From July, those restrictions disappear.

Every first home buyer in the ACT will pay no stamp duty, regardless of income or purchase price.

Canberra remains one of Australia's most expensive housing markets, with dwelling values increasing 82 per cent over the past decade. However, that growth ranks only 11th among Australia's 15 major housing markets, suggesting affordability pressures have been less severe than in many other parts of the country.

Simon Ma, CEO of OurTop10.com.au, said the latest reforms recognise that many first home buyers have simply outgrown thresholds set years ago.

"Many first home buyers aren't just looking for a way onto the ladder, they want a home their family can actually live in," Ma said.

"In a market where the median house price is over a million dollars, a concession scheme that cuts out at $1.02 million was never going to get them there.

"Removing the ceiling entirely means ACT first home buyers can now pursue the home they actually want, rather than limiting themselves to a price point designed for a very different market."

Whether other states follow remains to be seen. But at a time when most jurisdictions are struggling to improve affordability while also increasing housing supply, the ACT has quietly become the national test case for both.

15% stamp duty growth. Just 1% off the national housing target. Zero stamp duty for FHBs. Is the ACT the blueprint for the great Australian dream?

ACT abolishes stamp duty for first home buyers

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He is known as the Wizard of Omaha and considered to be one of the world's most successful investors.
And for thousands of investors around the world, Warren Buffett has become their investment guru. 
Every year, through his letter to Berkshire-Hathaway shareholders, the legendary investor offers his wisdom on anything from his rules for investing in stocks to the US and global economies or even Bitcoin. 
This week, Buffett he again released his highly anticipated annual shareholder newsletter and this time, front and centre of his letter was real estate investment.
Specifically, he reflected on two small properties that he purchased long ago and offered some insights on real estate investment.
One purchase involved a 400 hectare farm in Nebraska, which cost him $280,000 in 1986. 
The other purchase, which he made with a small group of investors a few years later, was a retail property in New York. 
The common theme in these tales was that he purchased both assets after property collapses. 
In his letter, Buffett says he cites the tales to "illustrate certain fundamentals of investing". 
He then goes on to highlight his five tips for real estate investing. 
They are:
<img style="float: left;" alt="number-1" height="30" width="20" src="/images/stories/2014/03/05/number-1.jpg">You don't need to be an expert in order to achieve satisfactory investment returns.  But if you aren’t, you must recognize your limitations and follow a course certain to work reasonably well. Keep things simple and don’t swing for the fences. When promised quick profits, respond with a quick “no.”
<img style="float: left;" alt="number-2" height="30" width="26" src="/images/stories/2014/03/05/number-2.jpg">Focus on the future productivity of the asset you are considering. If you don’t feel comfortable making a rough estimate of the asset’s future earnings, just forget it and move on. No one has the ability to evaluate every investment possibility. But omniscience isn’t necessary; you only need to understand the actions you undertake.
<img style="float: left;" alt="number-3" height="30" width="22" src="/images/stories/2014/03/05/number-3.jpg">If you instead focus on the prospective price change of a contemplated purchase, you are speculating. There is nothing improper about that. I know, however, that I am unable to speculate successfully, and I am sceptical of those who claim sustained success at doing so. Half of all coin-flippers will win their first toss; none of those winners has an expectation of profit if he continues to play the game. And the fact that a given asset has appreciated in the recent past is never a reason to buy it.
<img style="float: left;" alt="number-4" height="30" width="22" src="/images/stories/2014/03/05/number-4.jpg">With my two small investments, I thought only of what the properties would produce and cared not at all about their daily valuations. Games are won by players who focus on the playing field – not by those whose eyes are glued to the scoreboard. If you can enjoy Saturdays and Sundays without looking at stock prices, give it a try on weekdays.
<img style="float: left;" alt="number-5" height="30" width="22" src="/images/stories/2014/03/05/number-5.jpg">Forming macro opinions or listening to the macro or market predictions of others is a waste of time. Indeed, it is dangerous because it may blur your vision of the facts that are truly important. (When I hear TV commentators glibly opine on what the market will do next, I am reminded of Mickey Mantle’s scathing comment: “You don’t know how easy this game is until you get into that broadcasting booth.”
<a target="_blank" href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a>
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Warren Buffett's five tips for investing in real estate

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First home buyers have been recorded by the Australian Bureau of Statistics at their lowest levels since the data set was initially collected, and persistently low compared to the long-run average
The Real Estate Institute of Australia’s president Peter Bushby said that the latest Adelaide Bank/REIA Housing Affordability Report saw home buyers making up just 12.5% of the owner occupier market in the December 2013 quarter, compared to 13.6% for the preceding quarter.
“Following the changes to the First Home Owner Grant introduced by the Victorian government, which skew assistance away from existing dwellings (the clear preference of first home buyers), that state continued to show a fall in the number of first home buyers, down by 22.7% over the quarter and 28.1% for the year,” said Bushby.
“The report also shows the proportion of income required to meet loan repayments increased 1.0 percentage point over the quarter to 30.8%.”
Downturns in affordability were recorded in every state, other than the Northern Territory.
“The ACT remained the most affordable state or territory in which to buy a home, largely due to the high average income and NSW remained the least affordable.”
“Rental affordability improved in Victoria, Queensland, South Australia, Western Australia, the Northern Territory and the ACT but worsened in NSW and Tasmania with the proportion of median income required to meet average rent rising 0.3 and 0.9 percentage points respectively,” he said.
<a href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
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First home buyers at lows never before seen by Australian Bureau of Statistics

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After eight straight months of increases combined capital city dwelling values paused during February, according to the RP Data-Rismark home value index.
RP Data's national research director, Tim Lawless, said that despite the lax results in February, dwelling values were still up across the past quarter, predominantly due to strong growth in December and January.
<img alt="rismark-march-4-one" height="234" width="470" src="/images/stories/2014/03/04/rismark-march-4-one.gif">
Source: RP Data-Rismark
Lawless said: "The quarterly movement across the capital cities index reflects the stronger readings from January and December where dwelling values were 1.2% and 1.4% higher respectively each month."
"The February market results are in stark contrast to earlier readings where capital city dwelling values moved 2.6% higher over the past three months.
"The likelihood is that the weak reading for February is an adjustment from the strong readings in December and January rather than the beginning of a flat to negative growth phase across the macro level housing market." 
According to Lawless, we may see further months of either contraction or stagnation ahead of us. Despite this, Lawless believes that it will take several consecutive months of these results until a confident assertion of a market slowdown can be delivered. 
“Our view is that housing market conditions will start to wind down later this year as affordability constraints and low rental yields dampen market conditions. Additionally, with a belief that mortgage rates are likely to start tightening later this year, it may help to quell some of the exuberance we have been seeing,” Lawless said.
Chief executive officer of Rismark International, Ben Skilbeck, noted that Sydney continues to be the star performer of the Australian property markets. Sydney dwelling values rose by 0.8% in February, contributing to a quarterly rise of 2.3% and a year on year increase of 14.1%.
“When looking at individual capital cities, the Sydney market has had a surprising run of nine successive month-end increase totalling 14.1%. In keeping with what other capital cities have experienced, we would have expected some dips along the growth trajectory over a nine month period,” said Skilbeck.
Click to enlarge
<a title="Click to enlarge" href="/images/stories/2014/03/04/rismark-march-4-two-big.gif" rel="shadowbox"><img src="/images/stories/2014/03/04/rismark-march-4-two-small.gif"></a>
Source: RP Data-Rismark
Despite the stagnant dwelling value growth, auctions continue to rattle along across the country's capital cities.
From the 2,680 auctions over the past week a clearance rate of 72.8% was recorded by RP Data. This represents a substantial increase upon the combined clearance rate of 61% recorded on the same weekend last year.
Commenting upon <a target="_blank" href="/news">the weekend auction action</a>, analyst for RP Data Shana Miller said that: "It will be interesting to see if continuing high clearance rates encourage a further increase in the number of capital city properties taken to auction, given that current volumes are already so much higher than at the same time last year."
<img width="470" src="https://blog.rpdata.com/wp-content/uploads/2014/03/20140302-Capital-city.jpg" alt="20140302 Capital city">
Source: RP Data
The top result of the week was at 2 Lodge Road, Cremorne in Sydney, where a waterfront five bedroom house sold for $5.5 million.
Dubbed 'The Cremorne Resort', the property with a swimming pool, boatshed and  meandering gardens leading up to the water's edge, was marketed as "a very tightly held deep waterfront holding on one of Sydney's premier waterfront streets".
{yoogallery src=[images/stories/2014/03/04/cre]}
Despite the excellent result in Cremorne, a Canterbury, Victoria property had <a href="https://www.propertyobserver.com.au/news/patchy-results-along-the-so-called-golden-mile-of-canterbury/2014030367281?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=jonathanchancellor%27spropertyinsights" target="_blank">the chance to take top place on the list</a>.
Silchester, at 106 Mont Albert Road, Canterbury (pictured below), was listed with $6 million plus hopes but was passed in at $6.02 million at weekend auction.
There was just one bidder, according to the <a rel="nofollow" target="_blank" href="https://marketnews.com.au/auction-reviews/30812/106-Mont_Albert-Road-CANTERBURY/">James Buyer Advocates report </a>on Saturday's auction, for the property which last traded for $1.5 million back in 1993.
{yoogallery src=[images/stories/2014/03/04/can1]}
RP Data expeects that over the next week 1,402 auctions will take place in the nation's capital cities.
<img alt="rp_data_chart_2_march_4" height="107" width="470" src="/images/stories/2014/03/04/rp_data_chart_2_march_4.png">
 
Most expensive sales of the week ending March 2, 2014
 
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/2_lodge_road_cremorne_nsw_2090/2000245">2 Lodge Road, Cremorne, NSW, 2090</a>, five-bedroom house, sold prior to auction on March 1 by Belle Property Mosman for $5.5 million  
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/27_denning_street_south_coogee_nsw_2034/6254652">27 Denning Street, South Coogee, NSW, 2034,</a> five-bedroom house, sold at auction on March 1 by McGrath Estate Agents for $4.301 million  
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/14_beach_street_blakehurst_nsw_2221/1477641">14 Beach Street, Blakehurst, NSW, 2221,</a> six-bedroom house, sold at auction on March 1 by McGrath Estate Agents for $4.15 million  
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/67_beaver_street_malvern_east_vic_3145/11585614">67 Beaver Street, Malvern East, VIC, 3145,</a> five-bedroom house, sold at auction on March 1 by Abercromby's Real Estate for $3.9625 million  
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/35_darling_point_road_darling_point_nsw_2027/2062430">35 Darling Point Road, Darling Point, NSW, 2027,</a> six-bedroom house, sold at auction on February 26 by Richardson &amp; Wrench Double Bay for $3.8 million  
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/32_sargood_street_toorak_vic_3142/13588638">32 Sargood Street, Toorak, VIC, 3142,</a> four-bedroom house, sold at auction on March 1 by Marshall White Armadale for $3.675 million  
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/2/18_carlotta_road_double_bay_nsw_2028/15989267">2/18 Carlotta Road, Double Bay, NSW, 2028,</a> four-bedroom house, sold at auction on February 25 by Laing + Simmons Woollahra for $3.54 million  
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/37_howitt_road_caulfield_north_vic_3161/10381144">37 Howitt Road, Caulfield North, VIC, 3161,</a> five-bedroom house, sold at auction on March 2 by Rodney Morley Persichetti Caulfield North for $3.5 million  
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/33_coppin_street_malvern_east_vic_3145/11588550">33 Coppin Street, Malvern East, VIC, 3145,</a> four-bedroom house, sold at auction on March 1 by Marshall White Armadale for $3.012 million  
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/28_wyoming_road_dural_nsw_2158/2164704">28 Wyoming Road, Dural, NSW, 2158,</a> five-bedroom house, sold on February 28 by Guardian Realty Dural for $2.9 million
jrobinson@propertyobserver.com.au
                 
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Despite auction heat dwelling values were tepid in February: RP Data-Rismark

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The national stock on market figure saw residential property listings rise only moderately last month, up 1.3%; however, Sydney and Melbourne recorded substantial increases, according to SQM Research.
SQM Research’s managing director Louis Christopher explained that the national figure shows just a moderate uptick, while on a yearly basis stock levels are down in most localities.
In Sydney, a 13.1% monthly increase and in Melbourne a 6.8% monthly increase were recorded, which Christopher noted is in line with usual seasonal increases seen in February.
Despite this, Sydney leads the capital cities with the most substantial yearly decrease, down 16.1% since February 2013. Meanwhile, in an opposite result, Darwin stock levels have risen 16.1% over this time. It’s currently the only city recording an increase in listings over the yearly period.
“Normally, listings jump in each February followings its hiatus in the holiday season. However, this year there was only a modest rise in stock level,” said Christopher.
“That would suggest to me that vendors are in no rush to sell and existing stock is being absorbed at a quicker rate than usual.”
Nationally, stock on market sits at 346,289.
See over page for table of full data
 
 
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Stock on market data, February 2014
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" width="470">
Darwin is recording the most prominent slump across the capitals, as Perth stays on par with January. Brisbane has been similarly stable.
Source: SQM Research
<a href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
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SQM Research’s Louis Christopher finds vendors in no rush to sell

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In a speech today made to the Insurance Council of Australia (ICA) by ASIC’s deputy chairman, Peter Kell, he expressed that there will be a new focus on residential home insurance with challenges still faced with underinsurance.
Noting that there has been improved time across the industry to handle an insurance claim, demonstrated through the New South Wales bushfires ICA data, particularly in cases that involved the total loss of residential homes, Kell said that there was more to be done.
"We understand that claims arising from the NSW bushfires have highlighted a number of cases of underinsurance where consumers have found that, notwithstanding their claim being paid in full, they are unable to rebuild their homes,” he said.
Some of the reasons behind this underinsurance he noted, although mentioned that others would have a clearer picture. He said it may include challenges for consumers when it comes to setting an appropriate sum, using online calculators effectively, the affordability of insurance, the effect of increased rebuilding costs during times of natural disaster and the effect of changes in local building regulations as a result of the risk.
As a result of this, there is a home insurance review to be undertaken. Currently, the sale of home insurance policies are under review after the Queensland floods clearly revealed issues surrounding home owners’ understanding of flood cover, prompting “concerns about the transparency and comprehensibility of cover."
"Many consumers were unaware that their home building and home contents insurance policy either failed to cover flood or limited the cover, or did not adequately cover all 'types' of flood damage, such as flash flooding,” said Kell.
This new review will build on a 2005 and 2007 review into home building underinsurance, and a 2003 examination around the causes of home building underinsurance after the Canberra bushfires in 2003.
They look to examine the following:
The role of sales scripts at point of sale in providing transparent information and guidance to consumers when taking out insurance
The use of calculators as a tool to assist consumers to set a sum insured
How consumers can get readily accessible and consistent access to information about the policy through the sales process
How issues of affordability affect consumer choice
Consumer behaviours and decision biases when purchasing home insurance
The role of advertising in consumer decision making about insurance
The relative importance of premium price compared to policy coverage and features
They anticipate that the findings will assist home owners when understanding policy coverage, and to by extension protect their homes, especially in the event of a wide-scale natural disaster.
The report is expected for mid-2014, and will then be presented to the government.
<a href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
 
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"We continue to face challenges with underinsurance": ASIC's Peter Kell

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ACT real estate agent Mark Blinksell has had his license cancelled for five years, and has been disqualified from applying for a real estate of business salesperson’s registration for three years after being found guilty of engaging in dishonest conduct by misapplying deposit monies received last year.
The deposit funds, that had been received around January 7, 2013, in his role as vendor’s agent, were effectively stolen. He subsequently misrepresented and lied about where the funds were. He had been engaged by the vendor in October 2012, and received $22,000 in a deposit cheque from the buyers in the January.
He put the cash into his business account, rather than into a trust account before transferring funds into a home loan in the name of two other people, notes the court transcript. A Commonwealth Bank home loan account in Lennette Anne Blinksell and Ellen Patrice Blinksell’s names saw a credit transfer from a GRE business account and a credit transfer of $10,000 on 11 January 2013, before a $5,000 transfer to the same account on 14 January.
When a cheque bounced in March, the vendors and buyers were alerted to the issue. The vendors brought in their lawyers, and contacted Fair Trading. Blinksell said that it had been mistakenly put into the business account.
The cash was repaid in September. You can read the full court proceedings online. 
Blinksell was director of Grapevine Real Estate Pty Ltd, also called “Grapevine Property” and “Grapevine Property &amp; Business”. He engages in business and property selling activities, with his current LinkedIn bio saying that he has been focusing on emerging business brokering opportunities arising out of the GFC. He has been operating in the real estate, building and construction industries for 30 years.
His online bio says that the company’s ethos is “to deliver smart property investment outcomes to the residential and commercial sectors, through sound and honest practices in sales, leasing, property management and business development solutions.”
It also notes that Blinksell is a “keen participant in various property and business related lobby groups, and demonstrates a significant interest in the overall development and prosperity of the Canberra property market.”
This is one is a string of trust account-related misuse cases from a number of agents across the country.
<a href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
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Canberra agent’s license cancelled after taking trust money to fund home loan

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One of Canberra’s first new towns, built in 1967, and a major employment centre within the territory that expects significant population growth and housing demand, has seen a new masterplan released.
The <a href="/news">Woden</a> town centre and <a href="/news">Mawson</a> group centre are the focal points of the masterplan, with population growth in the area being contributed to by recent housing developments in the core of the town centre, such as Sky Plaza, and adjacent Woden Green.
The two centres are being considered together due to a range of relationships and planning arrangements between them, however a separate masterplan will also be created for each area.
The Woden Town Centre Master Plan looks to review the 2004 plan to see if planning controls are currently adequate. Meanwhile, the Mawson Group Centre Master Plan will look to see how the centre operates and what future changes can take place.
In September last year, the <a href="/expert-insights/buying/woden-town-centre-building-sold-for-4-4-million-for-use-as-a-medical-centre">Woden town centre building in Canberra's CBD was purchased by the Woden Specialist Medical Centre</a> for $4.4 million.
According to <a href="/news">the discussion paper</a>, Woden town centre could be looking to a requirement of 100 to 150 dwellings per year, or 2,000 to 3,000 dwellings over the next 20 years.
The paper notes that a number of recent development proposals look like they may introduce residential development into the western edge of the town. There is also likely to be an expansion of the Westfield, and bus network improvements.
Mawson group centre permits residential development, but has been identified for urban intensification. Currently, the centre is largely surrounded by low density single detached housing, with some medium density close to the centre, but none within the centre.
“There are several known benefits to incorporating residential that brings more people to centres, including more economically viable shops, more ‘eyes on the street’ (safer public spaces), more housing choice in a convenient location and increased use of public transport.”
Those interested in providing feedback to the discussion paper have been welcomed to do so by the ACT Government. You can <a href="https://www.timetotalk.act.gov.au/consultations/?engagement=woden-and-mawson-master-plans" target="_blank">submit your thoughts online</a>.
<a href="mailto:jduke@propertyobserver.com.au" target="_blank">jduke@propertyobserver.com.au</a>
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Major ACT employment centre’s discussion paper paves way for residential development

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The Real Estate Institute of Australia (REIA) has said that they are looking to work with Australian governments to bring in an effective licensing system for the 64,700 real estate agents across Australia.
The National Occupational Licensing Authority (NOLA) was disbanded, due to a number of concerns with the mooted model and potential costs of the National Occupational Licensing Scheme, in December 2013. This was a move that the REIA agreed with.
REIA deputy president Morgan Shearer said that it failed to recognize the structure of the industry.
“REIA is already working with the Council for the Australian Federation so as to mimimise impediments to regulations that impede labour mobility. In that way, a licensing scheme that is efficient, whilst protecting the interests of consumers, will continue to evolve,” Shearer said.
The REIA provided Property Observer with a copy of their proposals. The proposals explain that despite the disbanding of NOLA, it appears the REIA is still looking to encourage a national licensing system. The REIA called for the abolishment of NOLA but the existence of national licensing in the past.
Some of the concerns that existed from the REIA over NOLA included the dropping levels of entry level and agent licensing that would result in increased consumer risk and a lowering of professional standards. Ongoing professional training to maintain licensing was also not included under the initial proposals, which was pointed out as a weakness of the original proposal.
Concurrently, a recently issued update about national licensing from Elizabeth Crouch, chair of the National Occupational Licensing Board, said that the decision from COAG not to pursure licensing is disappointing and a blow to the industry that Australia cannot afford.
Automatic mutual recorgnition is reportedly being suggested ahead of national licensing.
“NOLA had worked with the industry to resolve many of the concerns evident in the Decision RIS and proposed alternatives to the Standing Council on Federal Financial Relations. These alternatives reflected industry consensus on outstanding issues," said Crouch. This included the National Licensing Register, which looked to provide easy access for consumers and regulators to the details of licensees, and was at testing stage.
The abolishment of NOLA saw <a href="https://www.propertyobserver.com.au/news/national-occupation-licensing-authority-abandoned-real-estate-bodies-applaud/2013121566944" target="_blank">applaud from real estate groups in December last year</a>, prompting a welcome to the decision by REINSW' CEO, Tim McKibbin.
“We need national licensing, and the decision by COAG members to work together via the CAF and disestablish the NOLA from early 2014 is welcomed," said McKibbin.
The form that national licensing may take is still up for debate.
In recent news, a system of providing a 'Certified Practising' label for real estate agents through a new board has been introduced in <a href="https://www.propertyobserver.com.au/news/will-certified-practicing-label-help-real-estate-agents-shake-stigma/2014021967914?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=news" target="_blank">response to the poor reputation of the industry in the eyes of the public</a>.
<a href="mailto:jduke@propertyobserver.com.au" target="_blank">jduke@propertyobserver.com.au</a>
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NOLA disbanded, but REIA looks to national licensing system

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With holiday homes contributing an estimated $31 billion to national economic growth, according to a report undertaken by BIS Shrapnel, commissioned by the Holiday Rental Industry Association, it’s surprising which locations take out the top holiday rental suburb spots.
With the report finding that holiday rentals generate $5.2 billion in direct spending, on an estimated 276,000 holiday rental dwellings, with more than 25 million nights spent in holiday rentals, spending on average $145 per night per booking, it also sees $3 billion being spent in ancillary industries, such as car hire, restaurant meals, self-catering and similar.
Chair of the association, Allison Manners, said that this explains the economic significance of the holiday rental market, particularly in the areas outside of the cities where there was a strong distribution.
Regional and coastal areas were most likely to benefit from holiday rentals compared to commercial accommodation. There are <a href="/expert-insights/investing/holiday-homes-finances-aside-the-pros-and-cons-come-down-to-a-generational-outlook">a number of pros and cons, even with finances aside, when it comes to considering a holiday home investment</a>.
The overall figure, which is both based on direct and indirect spending, should see regional and coastal areas likely to benefit more from holiday rentals, compared to commercial accommodation. Which aligns with their top areas list.
Based on the share of holiday rental accommodation within a suburb, the below list has some surprising, and some not so surprising, entrants.
The top areas:
Fleurieu Peninsula, South Australia (45%)
Hobart, Tasmania (45%)
South West, Western Australia (41.5%)
Sunshine Coast, Queensland (32%)
Mornington Peninsula, Victoria (26.6%)
South Coast, New South Wales (24%)
Gold Coast, Queensland (21%)
“From a regional perspective, State and Local Government policies that support the sustainable growth of the holiday and short term rentals will drive economic growth, jobs and visitation in these regions” said Manners.
If you're considering a holiday home as part of your long-term investment plan, read this guide by David Airey.
<a href="mailto:jduke@propertyobserver.com.au" target="_blank">jduke@propertyobserver.com.au</a>
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Highest proportion of holiday rentals might not be where you expect

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A new change to the Territory Plan is allowing investors in ACT to build secondary residences, also known as granny flats, to be built up to 90 square metres in size, where previously they could only be 75 square metres.
Minister for the Environment and Sustainable Development, Simon Corbell, today said that the increase was to address concerns around the commencement of variation 306 in July 2013.
Variation 306 was the much awaited removal of the restriction on who could occupy a ‘habitable suite’ or ‘relocatable unit’, better known as a secondary dwelling or granny flat. Essentially, this allowed investors to start using the granny flats in a similar way to that being seen in New South Wales. While this strategy has seen many investors diving into eligible Sydney suburbs to make the most of a potential dual income over the past couple of years, there are a number of pros and cons to be aware of.
Corbell said that this was an effort to provide affordable housing options. The 90 square metres for the dwelling size is the floor area measured to the outside face of the external walls, including internal walls between the living areas and garage, but excluding the garage.
"By allowing greater floor area in secondary residences, Canberra families can help their parents or students to live independently in a residence that is large enough to be comfortable yet small enough to be manageable," said Corbell of the new change.
"The additional size will also help builders meet the adaptable housing standards for a variety of dwelling layouts, including two-bedroom dwellings. This allows the secondary residence to meet the requirements of the current occupant as well as the needs of occupants in the future."
The change is based on the territory’s planning strategy, which looks to increase urban intensification.
"We hope this policy refinement will encourage more Canberrans to build versatile buildings which will improve the city's housing diversity and introduce more affordable housing options for the Territory's population," he said.
The increase came as part of <a href="https://www.legislation.act.gov.au/ni/2014-13/20140117-56939/pdf/2014-13.pdf" target="_blank">Technical Amendment 2013-12</a>, which came into effect on 17 January this year.
It notes the following:
Residential Zones Development Code i. Increase maximum size of secondary residence from 75m2 to 90m2 ii. Retention of private open space requirements for an existing dwelling where a secondary residence is proposed iii. Clarification of requirement for statement of endorsement for demolition iv. Removal of rule R39 relating to subdivision under Unit Titles Act 2001 v. Clarify that rule R57 water sensitive urban design requirements for multi unit residential development does notinclude secondary residences.
Achievable rent on granny flats vary, however some suburbs are seeing properties asking for rents of up to $360 to $410 per week for a one-bedroom granny flat - such as in <a href="/developments/griffith-act-2603">Griffith</a> - down to $265 per week for a one-bedroom granny flat in <a href="/developments/kaleen-act-2617">Kaleen</a>. 
<a href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
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