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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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.
 
<table width="399" cellspacing="0" cellpadding="0" border="0">
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<col width="64" style="width: 48pt;">
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<tbody>
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<td width="64" height="20" style="height: 15.0pt; width: 48pt;"></td>
<td width="271" style="width: 203pt;">MOST EXPENSIVE LAND 
</td>
<td width="64" style="width: 48pt;"></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;">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>
<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></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>
<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="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>
<tr height="20" style="height: 15.0pt;">
<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>
</tbody>
</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>
</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;">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>
<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> </td>
<td> </td>
</tr>
<tr height="20" style="height: 15.0pt;">
<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>
<tr height="20" style="height: 15.0pt;">
<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>
</table>
</div>
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jduke-EHk3XBmHkn

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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Sydney’s asking prices up 14%: SQM Research

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In 2014, it will gradually occur to property owners and buyers that there are new ways to create wealth in residential real estate, as a result of changes to town plans in major cities around the nation.
State governments and local councils are moving to free-up zoning rules and fast-track development, as a way of absorbing future growth in preference to allowing ongoing urban sprawl.
The changes are mostly aimed at allowing subdivision of the once-inviolate ‘Residential A’ housing blocks, as well as allowing medium-to-high-density to flourish, by raising height limits in key suburbs and adjusting minimum lot sizes to allow more developer-friendly plot ratios.
Not everyone is happy about these changes, some of which have been approved already, while others are still awaiting final approvals.
In some cases, the changes can deliver windfall profits to owners and developers. In other cases, residents will be horrified to find that a developer is allowed to build 10 units on a corner block at the end of their leafy suburban street.
Sydney is becoming a minefield in this respect, as in many cases the first residents hear about a “complying” development application is a letter in the mail alerting them to the imminent start of construction.
Also in Sydney, “Fonzie Flats” above garages can now be strata-titled and sold separately. In some parts of Sydney “Manor Houses” which look like large two-storey homes, but contain four self-contained units, can be built on street corner sites.
In Perth, a new minimum lot size (260m2) for a single house will have many investors re-visiting earlier feasibilities, as developers and builders take advantage of development opportunities which previously did not exist.
Changes to the R20 Code governing medium-density development means that a 900m2 vacant block can now have, for example, eight units where previously the developer could build only four.
In Brisbane, residential properties with larger allotments (1,000m2 or more) will be highly prized for their sub-division potential, especially in the middle ring suburbs.
The mix of housing allowed under the new City Plan would potentially allow the owner of a standard three or four-bedroom house on a 1,100m2 block to (a) demolish or move the old residence and build a low-to-medium density development or (b) sub-divide the land, move the original dwelling to one lot and sell the other/s.
Melbourne, Adelaide and Darwin all have specific opportunities, but each with a common theme – the ability to do things on residential that were previously banned, as a way of creating in-fill development and containing urban sprawl.
Owners and buyers need to be careful to check things about with the local council. In some cases the new town planning rules are currently still in draft form and in others the new situation applies to specific areas and situations.
 
<hr>
 Terry Ryder is the founder of <a href="https://www.hotspotting.com.au/" target="_blank" rel="nofollow" style="font-size: 14px;">hotspotting.com.au</a> and you can contact Terry via <a href="https://mailto:%20ryder@hotspotting.com.au" target="_blank">email</a> or on <a href="https://twitter.com/hotspotting" target="_blank" style="font-size: 14px;">Twitter</a>.
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