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.

[smartcode_project:default project_id=139989 project_image_fid=350986]

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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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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jduke-EHk3XBmHkn

ACT Light Rail Master Plan open for tender

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Residential land, having seen a 40% uptick in sales between the September 2012 and September 2013 quarter, is being said to have supply restrictions causing a ‘bottleneck’ and upwards price pressure, according to Housing Industry Association (HIA) senior economist, Shane Garrett.
The latest HIA/RP Data Residential Land Report pointed to pressure on residential land supply in the current recovery, despite a seasonal sales dip of 2.8% over the September 2013 quarter compared to the previous quarter.
“We have long emphasised the importance of ensuring that an adequate supply of affordable, shovel-ready land will be crucial to any sustained recovery in new home building,” said Garrett. 
“That task is imperative now more than ever. All levels of government need to implement the necessary reforms to address the problems affecting the residential land market. Reducing the excessive taxes and charges on housing as well as reducing planning and land release delays are key areas that need attention,” he said.
In fact, Peter Chittenden, managing director of Colliers International, has been asking <a href="https://www.propertyobserver.com.au/land/how-will-sydney-deal-with-shortage-of-land-supply-peter-chittenden/2013072963637" target="_blank">about how Sydney will deal with a lack of land supply for some time</a>.
Meanwhile, observer Terry Ryder has argued that <a href="https://www.propertyobserver.com.au/australian-capital-territory/increasing-land-supply-is-not-the-answer-to-affordability-issues-terry-ryder/2013041060295" target="_blank"></a><a href="https://www.propertyobserver.com.au/australian-capital-territory/increasing-land-supply-is-not-the-answer-to-affordability-issues-terry-ryder/2013041060295" target="_blank">increasing land supply is not the answer to housing affordability</a>. 
Land sales are an indicator of detached house building down the line, said Garrett, noting that he sees the prospect of rising detached house building activity this year.
Meanwhile, RP Data’s research director, Tim Lawless, said that market activity has varied.
“The number of land sales reached a new decade high in Sydney over the September quarter. Transaction numbers were close to 60 per cent higher over the six months ending September 2013 compared with the same period in 2012. Such strong conditions across the Sydney vacant land market are in line with broader housing market in Sydney where value growth continues to be nation leading,” he said.
Melbourne and Brisbane have also seen accelerating sales, despite volumes remaining below the highs recorded in 2009. Perth, Adelaide and Hobart have also seen some slippage in the number of land parcels sold over the September quarter, he said.
 
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<td width="271" style="width: 203pt;">MOST EXPENSIVE LAND 
</td>
<td width="64" style="width: 48pt;"></td>
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<td height="20" style="height: 15.0pt;">STATE</td>
<td>REGION</td>
<td>COST</td>
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<td></td>
<td></td>
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<td height="20" style="height: 15.0pt;">WA</td>
<td>Kimberley</td>
<td align="right" class="xl65">$260,000</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">QLD</td>
<td>Sunshine Coast</td>
<td align="right" class="xl65">$240,000</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">NSW</td>
<td>Richmond-Tweed</td>
<td align="right" class="xl65">$225,000</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">QLD</td>
<td>Gold Coast</td>
<td align="right" class="xl65">$219,900</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">NSW</td>
<td>Hunter</td>
<td align="right" class="xl65">$185,000</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">VIC</td>
<td>Barwon</td>
<td align="right" class="xl65">$185,000</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">QLD</td>
<td>Mackay</td>
<td align="right" class="xl65">$185,000</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">NSW</td>
<td>Illawarra</td>
<td align="right" class="xl65">$183,000</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">QLD</td>
<td>Fitzroy</td>
<td align="right" class="xl65">$179,900</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">NSW</td>
<td>Mid-North Coast</td>
<td align="right" class="xl65">$175,000</td>
</tr>
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<td height="20" style="height: 15.0pt;"></td>
<td></td>
<td></td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;"></td>
<td></td>
<td></td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;"></td>
<td>LEAST EXPENSIVE  LAND 
</td>
<td></td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">STATE</td>
<td>REGION</td>
<td>COST</td>
</tr>
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<td height="20" style="height: 15.0pt;"></td>
<td></td>
<td></td>
</tr>
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<td height="20" style="height: 15.0pt;">TAS</td>
<td>Southern</td>
<td align="right" class="xl65">$70,000</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">SA</td>
<td>South East</td>
<td align="right" class="xl65">$72,000</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">VIC</td>
<td>Mallee</td>
<td align="right" class="xl65">$79,200</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">SA</td>
<td>Murray Lands</td>
<td align="right" class="xl65">$80,000</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">TAS</td>
<td>Mersey-Lyell</td>
<td align="right" class="xl65">$86,500</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">SA</td>
<td>Yorke and Lower North</td>
<td align="right" class="xl65">$92,500</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">SA</td>
<td>Northern</td>
<td align="right" class="xl65">$98,000</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">VIC</td>
<td>East Gippsland</td>
<td align="right" class="xl65">$100,000</td>
</tr>
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<td height="20" style="height: 15.0pt;">QLD</td>
<td>West Moreton</td>
<td align="right" class="xl65">$100,000</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">NSW</td>
<td>Murray</td>
<td align="right" class="xl65">$105,000</td>
</tr>
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</table>
Source: RP Data, HIA
<a href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>  
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<td width="271" style="width: 203pt;">MOST EXPENSIVE</td>
<td width="64" style="width: 48pt;"> </td>
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<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">STATE</td>
<td>REGION</td>
<td>COST</td>
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<td height="20" style="height: 15.0pt;"> </td>
<td> </td>
<td> </td>
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<td height="20" style="height: 15.0pt;">WA</td>
<td>Kimberley</td>
<td align="right" class="xl63">$260,000</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">QLD</td>
<td>Sunshine Coast</td>
<td align="right" class="xl63">$240,000</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">NSW</td>
<td>Richmond-Tweed</td>
<td align="right" class="xl63">$225,000</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">QLD</td>
<td>Gold Coast</td>
<td align="right" class="xl63">$219,900</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">NSW</td>
<td>Hunter</td>
<td align="right" class="xl63">$185,000</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">VIC</td>
<td>Barwon</td>
<td align="right" class="xl63">$185,000</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">QLD</td>
<td>Mackay</td>
<td align="right" class="xl63">$185,000</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">NSW</td>
<td>Illawarra</td>
<td align="right" class="xl63">$183,000</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">QLD</td>
<td>Fitzroy</td>
<td align="right" class="xl63">$179,900</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">NSW</td>
<td>Mid-North Coast</td>
<td align="right" class="xl63">$175,000</td>
</tr>
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<td height="20" style="height: 15.0pt;"> </td>
<td> </td>
<td> </td>
</tr>
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<td height="20" style="height: 15.0pt;"> </td>
<td> </td>
<td> </td>
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<td height="20" style="height: 15.0pt;"> </td>
<td>LEAST EXPENSIVE 
</td>
<td> </td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">STATE</td>
<td>REGION</td>
<td>COST</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;"> </td>
<td> </td>
<td> </td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">TAS</td>
<td>Southern</td>
<td align="right" class="xl63">$70,000</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">SA</td>
<td>South East</td>
<td align="right" class="xl63">$72,000</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">VIC</td>
<td>Mallee</td>
<td align="right" class="xl63">$79,200</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">SA</td>
<td>Murray Lands</td>
<td align="right" class="xl63">$80,000</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">TAS</td>
<td>Mersey-Lyell</td>
<td align="right" class="xl63">$86,500</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">SA</td>
<td>Yorke and Lower North</td>
<td align="right" class="xl63">$92,500</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">SA</td>
<td>Northern</td>
<td align="right" class="xl63">$98,000</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">VIC</td>
<td>East Gippsland</td>
<td align="right" class="xl63">$100,000</td>
</tr>
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<td height="20" style="height: 15.0pt;">QLD</td>
<td>West Moreton</td>
<td align="right" class="xl63">$100,000</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">NSW</td>
<td>Murray</td>
<td align="right" class="xl63">$105,000</td>
</tr>
</tbody>
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Supply ‘bottleneck’ of land adding to price pressure: HIA

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The December 2013 building approvals figures released by the Australian Bureau of Statistics (ABS) have met with mixed responses, however the Housing Industry Association (HIA) says that despite the monthly softness the overall year was strong.
Over the December month, residential building approvals fell by 2.9% compared to November, explained HIA senior economist Shane Garrett.
However, he said that the level of building approvals is high – having increased by 15.7% overall for the 2013 year, being the first year of significant expansion since 2010.
“The number of detached house approvals fell by 3.2 per cent in December with multi-unit approvals slipping by 2.5 per cent,” Garrett said.
Approvals fell in all states apart from New South Wales, which Garrett noted is a concern.
“We are conscious that supply side conditions could suppress the current recovery, and December’s figures may partly reflect this difficulty,” he warned, pointing to difficulties with land release, development and infrastructure funding.
These were <a target="_blank" href="https://www.propertyobserver.com.au/news/the-senate-s-inquiry-into-affordable-housing-six-submissions/2014013067451">issues brought up in a number of submissions to the Senate inquiry into affordable housing</a>.
With 3.8% growth in New South Wales for the month, the total seasonally adjusted building approvals saw declines in every other state and territory. South Australia was down the most, by 13.7%. Tasmania, Victoria and Queensland were subdued at 5.5%, 5.1% and 4.9% respectively.
Meanwhile, Western Australia was down 3.6%.
In trend terms, dwellings approvals fell in the Northern Territory by 15.8%, and in the ACT by 2.5%.
In trend terms, Queensland, South Australia, Victoria and Western Australia all moderately increased. New South Wales remained unchanged.
Despite this, Northern Territory treasurer Dave Tollner was happy with the overall yearly increases, pointing to the 19.9% increase over 2013.
“This was primarily driven by a 21.1 per cent increase in the number of unit and townhouse approvals, up from 1,140 in 2,012 to 1,381 last year,” Tollner said.
He pointed to a large number of multi-unit developments in and around Darwin’s CBD and Palmerston as helping drive this increase.
House approvals were also supported by land releases in the new Darwin and Palmerston suburbs Muirhead, Bellamack, Johnston, Zuccoli and the Coolalinga subdivision.
The Urban Taskforce is similarly positive about New South Wales growth, particularly in high density apartments and non-residential building across the state.
“Apartment approvals continue to move solidly upwards in NSW,” said Urban Taskforce CEO Chris Johnson.
“This Indicates a continual shift towards urban living fuelled by low interest rates and off shore investments.”
He pointed to a number of sizable projects that are going through the planning system currently, and will lead to construction over a number of years. He said that Sydney’s big jumps in prices lately have only come from a supply shortage
“The current stalemate in the planning reform process with the opposition parties undermining a well-balanced reform package is likely to reduce confidence. The anti-development attitude of some of the opposition parties will only build up a negative attitude within the community against change to accommodate future growth,” he said.
<a href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
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Building approvals softer in December, but overall strength celebrated

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The 2014 property market kicked off powerfully, with clearance rates on the weekend in Melbourne and Sydney reaching the record-breaking heights recorded in spring last year.
Listing numbers started low for the first week of the season, but are predicted to pick up in the coming weeks.
Sydney recorded a clearance rate of 80.3%, while 73.6% of houses in Melbourne sold, according to Australian Property Monitors.
The numbers show a continuing of the confidence which typified the market in 2013.
APM senior economist Andrew Wilson told said the real strength of the market will be seen in the next few weeks when listing numbers skyrocket.
“As expected listing numbers were a little low, but there were some interesting trends in terms of where the market finished last year and where it started this year, there was a great similarity between the two,” he says.
“You expect the market to pick up where it left off last year. If anything I’d say Melbourne’s trend was down slightly, so it looks like it may have peaked in November.”
In Sydney, 95 properties were up for grabs over the weekend, while in Melbourne there were 72.
“There will be very big numbers in Sydney over the next two to three weeks,” Wilson says.
“In Sydney there will be about 30% more auctions than this time last year and in Melbourne it will be up around 20%. This reflects the confidence in the market and perhaps there are buyers who purchased properties in spring last year now putting their houses on the market.”
House prices boomed in 2013 and over the weekend the median value of homes for sale had increased significantly.
This time last year Sydney recorded a median auction house price of $585,000, while over the weekend that price has lifted to $825,000.
Melbourne had a similar story, with the median price of houses sold this weekend up more than $100,000 on 2013, increasing from $456,500 to $563,000.
The increase isn’t surprising considering data from RP Data-Rismark published last month revealed capital city house prices rose by almost 10% in 2013, the strongest growth in four years.
In Sydney the growth rate reached 14.5%, in Perth prices jumped 9.9% and in Melbourne they were up 8.5%.
Thanks to the price rises many first home buyers have been locked out of the market, although Wilson predicts they will eventually trickle back into the market.
“Looking at the median house price from this time last year, the average was up by about 20%... There are now some big barriers for first home buyers,” Wilson says.
“In Sydney and Melbourne there is no grant for established properties anymore… there is a longer wait in the queue and with the wavering economy and jobs growth moderating over the past year, that impacts upon people in their early career and consequently first home buyers.”
In 2014 <a target="_blank" href="https://www.smartcompany.com.au/finance/investment/35385-brisbane-to-boom-house-price-growth-to-slow-property-trends-for-2014">Brisbane has been tipped as a new property hot spot</a> and experts say this weekend’s clearance rate of 54.55%, according to APM, doesn’t accurately reflect the market.
“It doesn’t have the auctions culture that Melbourne and Sydney do, with lots of properties sold through private sale and the auction season differing from Melbourne and Sydney,” Wilson says.
“The mood is positive for Brisbane and it’s generating an investor buzz. The budget market in Brisbane will be the last to pick up, particularly in the outer northern suburbs of Brisbane because there is still an oversupply there.”
However, Wilson says the middle-market is up and running.
“Brisbane has strong yields, potential for capital growth and a rising rental market.”
This article first appeared on <a target="_blank" href="https://www.SmartCompany.com.au">SmartCompany.</a>
 
 
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Auction season kicks off: Melbourne and Sydney still strong, but Brisbane’s got buzz

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The ACT Civil and Administrative Tribunal have decided in favour of the ACT Heritage Council’s decision to not list a group of residential buildings in Turner.
Members of the Turner Residents Association launched an appeal against the ACT Heritage Council’s decision, after they sought the heritage listing of the properties in August 2012. With the support of the National Trust of Australia (ACT), residents nominated the precinct for its Garden City design values.
In 2013, the ACT Heritage Council decided against giving the properties heritage status, citing better examples of Garden City planning in Canberra. Henry Gardner and Nicola Watson, of the Turner Residents Association, lodged an application of review of the decision.
At the recent hearing, Gardner and Watson argued that the Turner precinct should be preserved as an example of Garden City planning, a form of urban design implemented by town planners in the early 1900s.
However, the council claimed that the precinct in question in Turner was not distinguishable from other examples of Garden City planning in Canberra, and in some aspects was inferior in execution, or damaged. They also noted that significant redevelopment had already occurred, damaging the integrity of the precinct’s historical significance.
The tribunal agreed with the council that the Turner precinct did not meet the Heritage Act’s criteria for a heritage listed precinct, confirming the council’s decision.
In the past, Gardner, Watson, and other members of the Turners Residents Association have voiced their concern over new property developments in Turner.
<a href="mailto:jrichardson@propertyobserver.com.au" target="_blank">jrichardson@propertyobserver.com.au</a>
 
 
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Residents’ bid to attain heritage listed status for Turner turned down

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Oil giant Royal Dutch Shell has officially confirmed it is looking to sell its Australian refineries and petrol stations, along with its $7.4 billion stake in Woodside Petroleum.  
The sale process, overseen by Bank of America Merrill Lynch, has reportedly gained the attention of Macquarie, Glencore Xstrata and oil trading firm Vitol.  
“We are making hard choices in our worldwide portfolio to improve Shell’s capital efficiency,” Shell chief executive Ben van Beurden says.  
“Our ambitious growth drive in recent years has yielded a step change in Shell’s portfolio and options, with more growth to come, but at the same time we have lost some momentum in operational delivery, and <a rel="nofollow" href="https://www.theage.com.au/business/mining-and-resources/shell-puts-petrol-stations-woodside-stake-on-the-block-20140131-31q70" target="_blank">we can sharpen up in a number of areas</a>.”
This article first appeared on <a href="https://www.StartUpSmart.com.au" target="_blank">StartUpSmart.</a>
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Shell confirms Australian assets are on the market

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New home sales recorded in December ensured that 2013 was a year of strong recovery, with the first annual increase seen in five years, according to new statistics from the Housing Industry Association (HIA).
HIA economist, Diwa Hopkins, said that new home sales had hit a low ebb in 2012, with the key now to keep the strong numbers through 2014. Despite this uptick, however, it does appear that there were still some negative numbers on the books.
The HIA’s New Home Sales report, which surveys Australia’s largest volume builders, saw that the total seasonally adjusted new home sales eased by 0.4% in December 2013, driven by a 6.6% decrease in multi-unit sales. However, detached house sales increased by 0.9%. Over the entire year, new home sales rose by 14.4%.
“During the final quarter of 2013, aggregate new home sales climbed by 6.3 per cent to reach a level not seen since mid-2011,” said Hopkins. This was during the time at which new sales activity was boosted by government stimulus.
“Total new home sales were largely unchanged in the month of December, however, the broader trend shows a healthy profile of recovery throughout 2013 and the underlying details are also fairly encouraging,” said Hopkins.
“The aggregate monthly decline was due to an unsurprising pull-back in multi-unit sales, following the previous month’s very strong result. Looking at detached house sales, the growth in this segment has broadened in its reach, with four out of the five surveyed states showing monthly and quarterly increases in December 2013,” she said.
Private detached house sales increased by 22.5% in South Australia, 7.3% in Western Australia, 5.8% in New South Wales and 1.5% in Queensland. However, detached house sales fell 13.4% in Victoria over the December month.
<a href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
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New home sales see strength not seen since 2008: HIA

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The latest Commsec State of the States report is pointing to Queensland for the fastest economic growth rate across the country, causing Premier Campbell Newman to note that the state is the best to “invest, employ and grow your business”.
With economic growth up 4.2% from this same period in 2013, Queensland’s economy is gearing up to fulfil forecasts that put the state as the fastest growing into 2014/2015 as well.
“Queensland is leading the way in business investment, with spending in the September quarter almost 27 per cent above decade-average levels,” said Newman.
“Meanwhile, improvements in the housing sector and increased retail and tourism spending mean more jobs are being created across the state,” he said.
“Last week's ABS data showed three-quarters of all the jobs created in Australia in the year to December were created in Queensland.”
Massive LNG projects currently in development are being said to underpin this growth, with Acting Treasurer John McVeigh pointing to $60 billion invested in the year to September 2013 quarter.
“The CommSec report has found retail spending in Queensland is up 14.7 per cent on decade average levels as both consumers and businesses continue to show sustained optimism, while tourism is also improving,” said McVeigh.
However, there is still an $80 billion debt overshadowing the state’s finances, which is shackling the ability of the government to fund new services and infrastructure, he said.
Despite this being noted by McVeigh as the area of weakness, the Commsec report points to population growth being the factor of weakness for Queensland.
In New South Wales, the job market is seen as the strength, while economic growth is the factor holding the state back.
In Victoria, a housing pickup is the positive factor, while construction work is seen as a weakness.
Meanwhile, South Australia has construction work listed as a strength with retail spending at a low. Western Australia saw retail spending on top, however dwelling starts were a weakness.
Tasmania’s housing pick up was a strength, however there were “Various” weakness factors. The Northern Territory’s strength remained in economic growth, with home lending letting the territory down. Lastly, the ACT saw population growth as a strength but business investment as a weakness.
Currently, WA remains Australian’s best performing economy, while the ACT, NSW and VIC (equal fifth) have been leapfrogged by NT. In October, <a target="_blank" href="https://www.propertyobserver.com.au/economy/wa-continues-to-lead-but-the-rest-of-australia-is-catching-up-state-of-the-states-report/2013102165831">WA was also the best performing</a>, quickly seeing other states and territories catching up.
With the slowdown in mining mentioned as having a continuing effect on some regions, it was noted to likely be offset by residential building, with NSW, WA, QLD and ACT expected to benefit most of all from this.
Commsec’s quarterly State of the States report analyses eight key indicators to judge state and territory performance. They look at economic growth, retail spending, equipment investment, unemployment, construction work done, population growth, housing finance and dwelling commencements.
<a target="_blank" href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
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Queensland has fast growth, but picture mixed: Commsec

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Forecasts from 2014 to 2016 around Australia.
Sydney
Sydney’s home price growth since the GFC has been an average of 3.7% per annum, slightly above the national average of 3.05%. While the market was very strong in 2013, high volumes of new apartment sales to Asian buyers was a main driver and I have sustainability concerns as well as questioning resultant changes to the social fabric.
Several major projects will be good for Sydney’s economy. This includes Barangaroo ($6B), Crown Casino ($1.2B), Darling Harbour ($2.5B), WestConnex Motorway ($10B), and North West Rail Link ($8.5B). A second Sydney airport and further sale of state assets to fund additional infrastructure projects will dominate tabloids. I expect Sydney to continue to perform slightly above the national average. Housing supply will continue to be tight, although there is more in the construction pipeline.
Metropolitan Sydney is the most expensive property market in the country and a reason for investors to look elsewhere. The more affordable Western Sydney has high unemployment, crime, and an inefficient transport network. More Australians leave NSW than those who arrive as illustrated in the interstate migration chart below.
<img src="https://www.urban.com.au/images/stories/2014/01/16/graph1syd.png" alt="graph1syd" width="365" height="230">
 
Brisbane
We purchased very few properties in my home town over the last couple of years – there were better opportunities for our clients elsewhere (mostly in regional locations).
A high level of engagement with Asia and a ‘How Can We Help You Do Business?’ attitude from the Newman government is resulting in improved conditions.
Queensland is the only state where the unemployment rate declined in 2013. Major projects in Brisbane include $1.1B Moreton Bay Rail Link, $1.4B airport expansion, and $3B RNA development. The CBD will benefit from several projects including the $5B Underground rail project, a new state government office block, hotels, and possible new entertainment / casino precinct.
Brisbane will also attract world-wide exposure from hosting the G20 Summit (2014) and Commonwealth Games (2018). Don’t be surprised if additional demand for accommodation comes from an in increase in people migrating from other Australian locations for Brisbane’s lifestyle, affordable housing, and employment opportunities. Housing supply is quite tight and pressure is already starting to build. Of all of the capital cities in Australia, Brisbane will perform best – I wont be surprised if we see double-digit growth.
 
 
Adelaide
Adelaide is officially Australia’s most liveable city and home to 76% of South Australians. Key industries are defence force manufacturing, motor vehicle manufacturing (which is on life support), and agriculture (not a major employer). Development projects in Adelaide’s inner-city include a new hospital, redevelopment of the Adelaide Oval, and entertainment precinct. While housing is very affordable there is considerable new supply of new apartments. Adelaide’s property market is like its economy – uninspiring. Unless major job creation projects such as Olympic Dam are announced Adelaide’s property market will continue to perform below the national average.
<img src="https://www.urban.com.au/images/stories/2014/01/16/graph3adelaide.png" alt="graph3adelaide" width="364" height="199">
 
Perth
Over the last couple of years Perth’s property market mirrored the State’s iron ore activity. Growth in wages, employment, and record population created more demand for housing than could be supplied.
As mining projects wind down skilled labour has become more readily available for WA’s construction industry. Combine this with recent building approval and land supply data and it would appear that housing supply is set to increase significantly. Perth has the most active first home buyer market in the country, meaning reduced demand for rental accommodation and a rise in vacancy rates.
While there have been job losses in WA’s mining industry Perth’s economy is still buoyant due to an unprecedented level of major projects. This includes hospitals, highways, casino expansion, entertainment and sport precincts, railway and airport upgrades, and inner-city revitalisation. There is a lot to like about Perth although housing has become very expensive. Perth’s property market will be firm, although not spectacular.
See over page for the other four capitals
 
 
 
<hr class="system-pagebreak">
 
Canberra
The Nation’s capital has a very high reliance on government employees (politicians, military training bases, federal police academy). The incoming federal government has flagged the possibility of up to 12,000 job cuts and it stands to reason that a significant portion of these will be in Canberra. On the supply side, the construction pipeline is growing. Canberra’s property market will perform below par for the foreseeable future.
<img src="https://www.urban.com.au/images/stories/2014/01/16/graph4canberra.png" alt="graph4canberra" width="369" height="245">
 
Melbourne
The Victorian economy has a high reliance on manufacturing and State Government’s primary strategy appears to be to stimulate the construction industry (as illustrated in this chart) – this persistent over-supply is to the detriment of property investors.
<img src="https://www.urban.com.au/images/stories/2014/01/16/graph2melb.png" alt="graph2melb" width="364" height="199">
Large volumes of new apartment sales to the Asian buyers is likely to shield what will otherwise be a property market with low yields and below-par performance in general.
 
Darwin
Darwin has been Australia’s best performing capital city over the five years with an average change in median values of 7.24%. Demand for additional accommodation has come from major projects such as the Icthys LNG plant, a marine supply base, and correctional facility.
To address its very expensive housing the NT government has an accelerated land release strategy and housing supply is likely to work against the property investor grain. While its geography will lend itself to Asian-related projects a big segment of Darwin’s population is transient and I have concerns for the sustainability of Darwin’s property market.
 
Hobart
Hobart’s recent economy is summed up by its incredibly high unemployment rate of 8.1% and some of its youth are therefore heading to the mainland. Most commentators have been very critical of Hobart’s property market.
There are opportunities for economic growth through tourism, agriculture, and science and housing is very affordable. I have an open mind on Hobart.
 
 
<hr>
 Simon Pressley is Managing Director of Propertyology, a full-time property market analyst, accredited property investment adviser, and the 2012 and 2013 REIA / REIQ Buyer’s Agent of the Year.
 
 
 
 
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How our capital cities will perform from now to 2016: Simon Pressley

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Vendors of Sydney houses have increased their asking price by 14% over the past 12 months, according to SQM Research’s Asking Prices Index.
The only city to record a decline in asking prices was Canberra, which fell by 1.5% over the 12 months.
The average asking price for houses sits at $706,300 across the capital cities, a 7.2% overall increase, with units seeing a 2.3% increase to $459,300.
Managing director of SQM Research, Louis Christopher, said that there is no evidence of any slowdown in the market when looking at these figures and a current decrease of stock on the market.
Currently, Christopher notes that there are a total of 337,744 properties on the market, a decrease of 8.5% over the month.
Year on year, this is also a decrease of 4.3% compared to December 2012’s national level.
“We are confident of a very strong market opening later this month,” he said.
Hobart was the only capital city to record an increase, with most recording a decrease – significantly in Canberra and Sydney – which he said is expected given the Christmas season.
<a target="_blank" href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
 
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