A landmark former orphanage site in Surrey Hills could be transformed into a new residential community under plans lodged by <a href="https://www.apartments.com.au/developers/antipodean-land-developments">Antipodean Land Developments</a> that would deliver 76 apartments and townhouses while restoring some of the suburb's most significant heritage buildings.

The burgeoninng Melbourne-based developer has submitted plans for the 9,158 sqm site at 1 Kent Road and 24 Durham Road, home to the former St Joseph's Home for Destitute Children, a historic institutional complex dating back to the late 19th century. The proposal seeks to adaptively reuse several heritage buildings while introducing two new four-storey residential buildings set within extensive landscaped grounds.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> and Kerstin Thompson Architects, the project has been conceived as a contemporary residential village embedded within a restored heritage precinct. The development team describes the design approach as "The Village in the Garden," with new buildings positioned among mature landscaping by OCULUS and significant heritage structures.

<img alt="First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills" data-entity-type="file" data-entity-uuid="44ec8c1b-c0b6-44ae-859e-5811b3e6a023" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Untitled%20design%20%281%29.png?VersionId=p.p1_KFh4iQoV4nisdnPfQBAsWNi7m79" />

The proposal would deliver 76 dwellings comprising a mix of apartments and duplex-style residences, significantly increasing housing supply on one of the largest privately held residential landholdings in Surrey Hills. The development includes 127 car spaces, 24 bicycle spaces and more than 1,000 sqm of communal amenity, with the existing chapel building earmarked for conversion into resident facilities.

According to the planning submission, the project centres on the restoration and adaptive reuse of the site's most significant heritage assets, including the original c.1889 St Joseph's building, the chapel designed by architect Augustus Andrew Fritsch, and the historic brick perimeter walls and entry gates. The proposal also incorporates the retention of other contributory buildings including the former infirmary and school building.

Tract Consultants, in the planning report accompanying the application, said the scheme had been shaped through extensive heritage analysis and design development.

"The shared vision for the Site by the project team has culminated in a scheme which successfully breathes life back into a historic site while delivering upon the objectives of Victoria's Housing Statement in a carefully curated and contextually responsive manner."

<img alt="First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills" data-entity-type="file" data-entity-uuid="7263b7d8-95ea-400f-9531-6ca7d22c3c33" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Untitled%20design%20%282%29.png?VersionId=4cR1tiWOsDpgxEOwZi5vVFcyvvOsYkIE" />

The proposal is being assessed under Victoria's Significant Residential Development with Affordable Housing pathway. As part of the application, three per cent of the project's residential development cost would be contributed to the Social Housing Growth Fund. The development would also provide a diverse mix of one, two and three-bedroom residences targeting a broader range of buyers than typically found in Surrey Hills' detached housing market.

Sustainability initiatives include an anticipated 66 per cent BESS score, natural cross-ventilation to 80 per cent of apartments, 28 per cent deep soil landscaping and a canopy cover outcome exceeding local planning requirements. The proposal also sets aside more than 1,083 sqm for communal indoor and outdoor resident amenity spaces.

<img alt="First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills" data-entity-type="file" data-entity-uuid="33fad46f-fe26-4d0a-acfd-6b776e1c6a3d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Untitled%20design.png?VersionId=D9F6WVSyYCtGvSUmith35LRp6R7PQkw_" />

Planning documents describe the property as one of the largest underutilised residential sites in Surrey Hills, arguing it presents a rare opportunity to introduce "missing middle" housing in an established inner-eastern suburb while preserving and revitalising a significant heritage precinct.

Antipodean Land Developments has built a reputation for design-focused residential projects across Melbourne, particularly in the medium-density sector. Previous developments include Neighbourhood in Brunswick East, delivered with Breathe Architecture, and Balfe Park Lane, designed by Kerstin Thompson Architects.

They've been very active in site acquisition as they build out their future development pipeline. They recently launched Thornubury House, 45 apartments above a mix of commercial, retail, and food and beverage tenancies, and have plans for a boutique project in Fitzroy and another <a href="https://www.apartments.com.au/news/vic/antipodean-plan-apartments-for-deepdenes-missing-middle-on-whitehorse-road">"missing middle" project</a> on Deepdene's Whitehorse Road.

Joel Robinson

First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills

Developer <a href="https://www.apartments.com.au/developers/auyin-property-development">Auyin</a> is the latest to turn to the Victorian Government's Development Facilitation Program in an effort to secure approval for its long-planned, mixed-use project in Elsternwick.

In 2018, Auyin lodged plans with Glen Eira City Council for a 14-storey building, however Council approved a reduced eight-storey scheme. A subsequent VCAT appeal in 2019 upheld the eight-storey height limit.

The project was later amended to nine storeys, but Auyin is now seeking to revive something closer to its original vision. The developer argues that the planning context has evolved significantly over the past decade, particularly within the Elsternwick Activity Centre, where higher-density development has increasingly been encouraged along Glen Huntly Road.

The proposal would transform the 1,239 sqm site at <a href="https://www.apartments.com.au/new-apartments/7-12-horne-street-elsternwick-vic-3185">7-15 Horne Street</a>, opposite Elsternwick Railway Station, into a 13-storey residential and retail development designed by CBG Architects, with 40 apartments

The site currently comprises three commercial properties.

<img alt="First look: 13-storey mixed-use tower planned for Elsternwick activity centre" data-entity-type="file" data-entity-uuid="5f465dd4-509b-4082-a669-0253b313914b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/elsternwick%20podium.png?VersionId=72frWi0SmQ5AVJ3ARRhX5ILUYObhTm7x" />

The proposed apartment mix comprises 25 two-bedroom and 15 three-bedroom residences above 200 sqm of retail space at ground level. Residents would have access to a 90 sqm wellness facility, a 351 sqm communal indoor and outdoor terrace on the third level, and extensive landscaped areas throughout the development. A publicly accessible 135 sqm plaza would be created on the north-east corner of the site, providing seating, landscaping, and a new gathering space adjoining Horne Street.

The design adopts a four-storey podium that references the finer-grain character of the surrounding streetscape, with the upper tower recessed behind generous setbacks on all boundaries.

<img alt="First look: 13-storey mixed-use tower planned for Elsternwick activity centre" data-entity-type="file" data-entity-uuid="e637e763-2abc-4c34-a0aa-5c7ad36fae18" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/elsternwick%20open.png?VersionId=J1AoOpZgTyaF.KeeFSX6lMjEScX8KKRi" />

A key element of the proposal is the reconfiguration and widening of the surrounding laneways. Vehicle access would be retained from Lois Lane, with upgraded pedestrian connections linking Ross Street and Horne Street. The development would provide 58 residential car spaces, two retail car spaces, and 52 bicycle spaces across two basement levels and ground-floor facilities.

Architecturally, the building draws inspiration from the established character of Elsternwick Village. The façade combines dark charcoal brickwork, textured concrete, bronze-toned metal detailing, and extensive planting integrated into podium and tower levels. The design also incorporates a chamfered corner treatment and publicly accessible plaza intended to strengthen pedestrian activity around the station precinct.

Elsternwick's last new development completion was&nbsp;EVA Elsternwick by Pitard late last year. <a href="https://www.apartments.com.au/developers/milieu-property">Milieu</a> is working away on its nature-led neighbourhood, <a href="https://www.apartments.com.au/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick-vic-3185">Elsternwick Gardens</a>, on Gordon Street, with its first stage expected to complete next year.

First look: Auyin seeks mixed-use apartment project in growing Elsternwick Activity Centre

<a href="https://www.apartments.com.au/new-apartments/otium-parkdale-123-125-como-parade-east-parkdale-vic-3195">Otium Parkdale</a>, the 13-residence boutique development by&nbsp;<a href="https://www.apartments.com.au/developers/huxtable-property">Huxtable Property</a>, has entered its final stages of delivery, with completion expected within the coming month and more than half of the residences sold.

The Como Parade East project is nearing the finish line at a time when opportunities to purchase new apartments in <a href="https://www.apartments.com.au/developments/parkdale-vic-3195">Parkdale</a> remain exceptionally limited. Fewer than 10 per cent of dwellings in the bayside suburb are apartments, making developments like Otium a relatively rare addition to a market traditionally dominated by detached housing.

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The three-level development comprises 13 residences, including ten two-bedroom apartments and three larger three-bedroom homes, all positioned above a secure basement car park.

Designed by <a href="https://www.apartments.com.au/architects/almeida-architects">Almeida Architects</a> with a strong connection to its coastal surroundings, Otium combines red brick, exposed concrete and dark metal detailing with integrated landscaping and greenery. Expansive glazing, generous balconies and terraces have been incorporated throughout the design to maximise natural light and reinforce indoor-outdoor living.

Inside, the residences feature engineered European oak flooring, natural and reconstituted stone benchtops, Bosch kitchen appliances, ducted heating and cooling, lift access and secure entry systems. The larger three-bedroom residences on the upper level have been designed with house-like proportions, while the two-bedroom apartments prioritise functionality, flexibility and low-maintenance living.

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The project is now in its final stages, with <a href="https://www.apartments.com.au/builders/labco">Labco</a> completing the remaining landscaping and external finishing works following the completion of the residences' interiors.

Otium's location within the heart of Parkdale continues to underpin its appeal. Residents will be just steps from local cafés, restaurants, shops and the newly elevated Parkdale Station, while the beach is less than a kilometre away.

With the project tracking ahead of schedule, buyers can currently secure a residence with a five per cent deposit and benefit from settlement terms of up to eight months. The advanced stage of construction also provides buyers with the opportunity to walk through the near-complete residences and experience the quality and finishes firsthand ahead of completion.

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Otium Parkdale enters final month before completion as rare apartment opportunity nears sellout

A new boutique apartment development is entering the market in <a href="https://www.apartments.com.au/developments/chermside-qld-4032">Chermside</a>, with Brisbane-based developer <a href="https://www.apartments.com.au/developers/ausdev">Ausdev</a> bringing 33 residences to a well-connected pocket of Brisbane's north.

<a href="https://www.apartments.com.au/new-apartments/parkdrive-apartments-chermside-25-sammells-drive-chermside-qld-4032">Parkdrive Apartments</a>, at 25 Sammells Drive, will comprise a mix of one- and two-bedroom residences positioned within walking distance of Westfield Chermside, The Prince Charles Hospital, and Bradbury Park.

Established in 1989, Ausdev has a long-standing presence across both development and construction, with Parkdrive Apartments representing its latest residential project in Brisbane's northern suburbs.

[smartcode_project:default project_id=152125 project_image_fid=363778]

The development has been designed around open-plan living and natural light, with residences featuring stone benchtops, timber cabinetry, BOSCH appliances, and private balconies that extend the living areas outdoors.

Kitchens are positioned as the centrepiece of the homes, incorporating natural material palettes and integrated appliances, while bathrooms have been designed with a focus on functionality and understated finishes.

Residents will have access to a communal barbecue and entertaining area on Level 3, providing shared outdoor space within the development. Secure parking and lift access are also incorporated into the building.

The project will deliver a limited collection of 33 apartments, with one-bedroom residences priced from $749,000.

[smartcode_project:default project_id=152125 project_image_fid=363782]

Beyond the building itself, the location places residents within easy reach of several of Chermside's key amenities. Bradbury Park is around 350 metres away, while Westfield Chermside is approximately 1.3 kilometres from the site. The Prince Charles Hospital is located within 750 metres, and the Chermside Bus Interchange is around 1.5 kilometres away, providing connections across Brisbane.

Parkdrive Apartments adds to the growing residential pipeline in Chermside, a suburb that continues to evolve as a major retail, healthcare, and transport hub for Brisbane's north.

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Ausdev introduces boutique Parkdrive Apartments to Chermside's growing centre

<a href="https://www.apartments.com.au/developers/skymark-group">Skymark</a>'s boutique Cronulla development Solis has secured a 10-year Latent Defects Insurance policy through Resilience Insurance, providing buyers of the 16-residence building on Ewos Parade with structural and waterproofing protection that extends a decade beyond the building's completion.

Currently under construction and due for completion in late 2027, <a href="https://www.apartments.com.au/new-apartments/solis-cronulla-8-ewos-parade-cronulla-nsw-2230">Solis</a> is one of a small number of new developments in the Sutherland Shire to carry Resilience LDI coverage, a distinction that carries increasing weight as buyer confidence in the off-the-plan sector continues to be shaped by how developers stand behind their product.

Latent Defects Insurance, which entered the Australian market in 2022 when Resilience Insurance was approved to offer the cover, protects buyers against major structural or waterproofing defects for ten years post-completion. Unlike traditional statutory warranties, it operates as a first-resort policy, if a covered defect arises, the insurer responds directly, without the buyer needing to pursue the builder or developer through a lengthy claims process.

Resilience Insurance CEO Corey Nugent has noted that the product addresses something fundamental to the new apartment market.

"The overarching feedback from prospective buyers in the new development space is that they want more confidence and assurances around the quality of the build," Nugent says.

"Resilience Insurance Latent Defects Insurance not only gives them complete peace of mind for 10 years, but it shows the developer they are buying from is standing by their product."

[smartcode_project:default project_id=150499 project_image_fid=370898]

For Solis, the Resilience LDI policy adds a meaningful layer of accountability to an already considered project. The development comprises nine two-bedroom and seven three-bedroom residences, including one dual-level three-bedroom apartment, across a five-storey building on Ewos Parade, positioned between Shelly Beach and South Cronulla.

Garden apartments connect directly to private landscaped courtyards, while upper-level homes capture beach views to the east from level four and above.&nbsp;

All 16 residences include at least one balcony or courtyard, and select apartments on the upper floors feature bar areas and secondary flexible living spaces.

Hiba Sander, Managing Director of Skymark, says Solis offers a rare balance, nestled between the quiet beauty of secluded beaches and the lively charm of South Cronulla's esplanade.

"It's a place to choose your pace and live gracefully, seaside'," Sander says.

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The architecture, designed by <a href="https://www.apartments.com.au/architects/ida-design-group">IDA Design Group</a>'s Michael Trinh, draws from the natural erosion patterns of <a href="https://www.apartments.com.au/developments/cronulla-nsw-2230">Cronulla</a>'s sandstone headlands, translating the organic forms of the coastline into soft curves, pavilion-style massing, and a material palette chosen for longevity in a salt-tinged environment.&nbsp;

Textured natural stone, soft renders, and timber-look battens reference the tones of the surrounding cliffs, while the building has been oriented to maximise natural light and passive ventilation, with primary living spaces facing north and east to capture morning sun and sea breezes.

"At Solis, our aim was to create architecture that feels quietly confident, grounded in natural materials like stone and timber, and elevated by light and landscape," Trinh says.&nbsp;

"The buildings are designed to sit gently within their coastal surrounds, with expansive glazing and abundant greenery creating a seamless dialogue between inside and out."

[smartcode_project:default project_id=150499 project_image_fid=370897]

Interiors by <a href="https://www.apartments.com.au/architects/hot-black">Hot Black</a> carry the same material language through to every room. Kitchens feature integrated Gaggenau appliances, sculpted stone benchtops, and Lo &amp; Co joinery, while bathrooms feature natural stone, timber, and brushed metal finishes.&nbsp;

Hot Black Founder and Design Director Sophie Safrin describes the intent as one of considered restraint: "At Solis, every detail has been thoughtfully considered to create a timeless coastal retreat, calm, refined, and effortlessly liveable. From natural finishes to seamless indoor-outdoor flow, Solis offers a quiet elegance that's deeply connected to its surroundings.

The landscape, designed by Julian Brady of <a href="https://www.apartments.com.au/landscape-architect/sitedesignstudios">Site Design Studios</a>, treats green space as an integral part of the resident experience rather than an afterthought.&nbsp;

"Gentle curves and layered native plantings mirror the ebb and flow of the ocean," Julian Brady says, "creating a serene connection between architecture and place."&nbsp;

Coco Republic has provided bespoke furniture packages tailored to the project's coastal palette.

[smartcode_project:default project_id=150499 project_image_fid=370899]

Skymark has an established track record in the Sutherland Shire, with a portfolio spanning Cronulla, Woolooware and Burraneer that includes Isla, Sylva, Bask, Shells, Sula and Mist. Securing LDI on Solis reflects a broader shift in how the developer is positioning its buildings to buyers, at a time when Resilience Insurance expects the policy to become mandatory in New South Wales by 2028.

Sales at Solis are launching soon through Ray White Projects, with an official event scheduled for 11 June. Enquire for more information.

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Skymark takes out 10-year Resilience Insurance LDI at Solis Cronulla

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.

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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.

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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 Albanese and ACT Governments have struck a deal to unlock nearly 5,000 new homes across Canberra, with more than 1,700 earmarked exclusively for first home buyers.

The agreement marks the second formal partnership under the Federal Government’s election commitment to deliver up to 100,000 homes for first home buyers nationally, working alongside state and territory governments and industry.

At the centre of the deal is a $250 million funding injection from the Albanese Government, targeting enabling infrastructure to bring forward new housing supply across a number of key precincts in the ACT.

That includes funding to unlock 75 homes in the Kingston precinct, support new development in Weston Creek, and deliver estate works across the territory that will facilitate more than 500 homes by 2034. Additional investment will go towards relocating powerlines, water infrastructure in Molonglo Valley, and further expansion of the Ginninderry regeneration precinct.

Housing Minister Clare O’Neil said the agreement was about making it easier for first home buyers to enter the market, particularly in a housing environment that continues to challenge affordability.

“We’re determined to make it easier for young people and first home buyers to achieve the dream of owning a home,” O’Neil said.

“We know the housing market is tough, and we want Australians to know that Labor has got your back.”

The announcement builds on more than $800 million already committed to housing in the ACT since 2022, according to Finance Minister and ACT Senator Katy Gallagher, who said the latest funding would help ensure national housing programs are translating into real supply on the ground.

“We’re working closely with the ACT Government to unlock land and invest in the infrastructure needed to get these homes built sooner,” she said.

For the ACT Government, the agreement aligns with its broader target of delivering 30,000 new homes by 2030, with Chief Minister Andrew Barr pointing to the role of coordinated planning and infrastructure investment in accelerating delivery.

“Now, thanks to our agreement with the Albanese Government, this work is about to reach a new level,” Barr said.

The deal sits within the Federal Government’s broader $45 billion housing agenda, which includes initiatives such as the Housing Australia Future Fund, the Help to Buy shared equity scheme, and incentives aimed at increasing construction capacity and reducing barriers to development.

Canberra set for 4,900 new homes under Federal housing deal

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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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jduke-EHk3XBmHkn

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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Granny flat size allowance increased in ACT

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A new Light Rail Master Plan has been opened for tender, announced by Minister for the Environment and Sustainable Development, Simon Corbell.
With a plan to develop a light rail network to connect residential development with employment, retail and entertainment hubs, the plans to connect Gungahlin to the city is already being undertaken, however the next stages are ready for planning.
"The Light Rail Master Plan will guide government decision making about the future investment in the extension of Capital Metro, the light rail network,” said Corbell.
"This is a long term project for Canberra and it is important that we get the planning phases done right, to ensure we get the best value for money and to maximise the significant social, economic and environmental opportunities that light rail provides."
In the 2013/2013 Budget, the ACT Government provided $1.4 million for the planning process to identify options for the Canberra-wide light rail network.
This will be part of the ACT Planning Strategy, the Transport for Canberra government policy and the draft City Plan.
The tender is open until March 4, with a successful consultant to be appointed in late-March.
<a href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
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