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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HSBC expects the Reserve Bank of Australia will keep interest rates on next week.
“We expect the RBA to hold the cash rate steady next week at 2.50%,” says chief economist Paul Bloxham.
“We expect confidence to improve after the federal election, on 7 September, though clearly there is considerable uncertainty regarding this outlook.
“The RBA’s next move is somewhat reliant on the AUD: a lower AUD would make further rate cuts less likely. In our view, the RBA would be more comfortable with the AUD closer to USD0.85.”
He says low rates are supporting the housing market but a broader rebalancing of growth is still yet to be seen.
He finds house prices are up 6.5% from their May 2012 trough and mortgage rates are at their highest levels in three years but it’s not quite enough.
“Outside of housing, there are, as yet, few signs of growth rebalancing,” he says.
He finds consumer sentiment has ticked up a little in recent months but remains around its long-run average.
And retail sales have weakened in recent months after showing some improvement earlier in the year. Business conditions and confidence also remain weak.
“Despite low interest rates and a declining AUD, businesses are unhappy. Part of this story seems to reflect political uncertainty, and concerns about the tax and regulatory environment,” Bloxham says.
“As a result, businesses remain generally unwilling to commit to large investment and hiring decisions.
“It may take time before the impact of the lower AUD flows through to firms’ willingness to make investment decisions. We do, however, expect that a broader rebalancing of growth will occur in time.”
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awalsh-7Ub9EypybQ

Expect rates to remain on hold at September RBA meeting: HSBC

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Construction rates should increase following the election, according to Commsec’s latest Economic Insights report.
According to data from the Australia Bureau of Statistics construction work done in the June quarter fell by 0.3%, the third consecutive decline.
<img src="/images/stories/2013/08/construction1_aug_29.jpg" width="470" height="328" alt="construction1_aug_29">
Commercial building work done fell by 1.3% with residential work down 0.1% and engineering work fell by 0.2%.
“Businesses aren’t keen to spend, invest or employ ahead of the Federal Election. So the slight fall in construction activity won’t come as a surprise,” Craig James writes in the report.
“But given some expectations that mining investment has peaked and could fall off a cliff; that certainly isn’t happening. Construction work done peaked in the September quarter of 2012 but has only eased gently from the highs."
<img src="/images/stories/2013/08/construction2_aug_29.jpg" width="470" height="356" alt="construction2_aug_29">
“On a positive note the Reserve Bank has few worries when it comes to cost pressures in the construction sector with prices growing at the slowest annual pace in three years. The slight fall in residential building will mean ‘residential investment’ will neither detract nor contribute to June quarter GDP growth."
“Overall economic growth is expected to be around 0.5%-0.8% over the quarter, which would take annual growth between 2.4%- 2.7%."
“Notwithstanding the trend to greater housing occupancy, there here are good reasons to expect a lift in construction work – especially in the residential sector – when the election is out of the way.”
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Construction to lift following election: Commsec

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Commsec says housing already has spare capacity meaning Australia will no longer be building as many houses.
Data from the Australian Bureau of Statistics shows 78% of households have at least one spare bedroom while 18% of those who own their homes outright have three or more spare bedrooms.
<img alt="sparecapacity" height="343" width="470" src="/images/stories/2013/08/sparecapacity.jpg">
“The latest data confirms recent trends showing that there is plenty of spare capacity in our existing homes, even though we have been utilising some of this extra capacity in the past five years. The latest figures have clear implications for the housing industry,” Craig James writes in Commsec’s latest economic insight report says.
“If Australians are keen to utilise their homes more efficiently then construction will be constrained in coming years.”
<img alt="sparecapacity2" height="340" width="470" src="/images/stories/2013/08/sparecapacity2.jpg">
The ABS found the average number of bedrooms per dwelling was unchanged at a record high of 3.11 in 2011/12. In 1994/95 there were 2.88 bedrooms per home.
And the average number of people in a home was steady at 2.57.
At the same time construction work done fell by 0.3% in real terms in the June quarter, after falling by 1.9% in the March quarter and easing 0.2% in December 2012 quarter.
<img alt="romm_at_the_inn__aug_29" height="354" width="470" src="/images/stories/2013/08/romm_at_the_inn__aug_29.jpg">
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Spare rooms so less homes built: Commsec

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Credit Union Australia will maintain interest rate discounts for eligible home loan customers after being found of misleading advertising by the Australian Securities and Investment Commission.
CUA's advertisements for its 'Rate Breaker' home loan package promoted a 1% discount off the average standard variable interest rates advertised by the big four banks.
But the ill-displayed terms and conditions enabled CUA to change the 1% discount at any time and stipulated that the interest rate could not fall below a minimum rate of 3% per annum.
CUA will ensure all consumers who entered into a Rate Breaker Package loan up to August 31 will, for the duration of their loans, receive a discount of no less than 1% off the average of the variable interest rates advertised by the big four banks, unless it is below 0%.
ASIC Deputy Chairman Peter Kell says taking out a home loan is one of the biggest commitments a person or family could make.
“Consumers should be able to trust the promises and information provided in the marketing of home loans,” Kell says.
“ASIC expects that financial services firms will provide clear and accurate information to consumers in their advertising, and we will act when those expectations are not met.”
The advertisements featured on television, in cinemas, the CUA website, and on public transport in Sydney, Brisbane and Melbourne.
CUT has to sufficiently highlight both the 3% per annum minimum interest rate and its ability to change the 1% discount rate in all future advertising of the Rate Breaker Package and it will notify existing Rate Breaker Package customers of its undertaking to honour the 1% interest rate discount by 30 September 2013.
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Lengthy mortgage windfall for select CUA customers after ASIC investigation

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Negative gearing will not be addressed by either a Labor or a Liberal government in the near future, Labor senator Doug Cameron has told Triple J’s youth programme Hack.
“Negative gearing is a huge issue that is raised with me continually. The government at this time has said that we’re not going to deal with negative gearing,” he told Hack recently.
“But there are a range of issues that we will have to look at and maybe negative gearing will have to come into that mix in the future. But zoning, infrastructure costs, excessive regulation, outdated planning policies, and transaction taxes, as well as negative gearing – these are all issues that we will have to look at.”
Liberal senator Marise Payne, also on the <a href="https://soundcloud.com/triple-j-hack/hack-wed-14-august">election housing special</a> of Hack said they won’t be touching it either.
“We don’t have that in contemplation at the moment. But I think that some of the issues which increase the challenge for purchasing for young people in particular are exacerbated by the lack of land that is released for construction,” Payne said.
“That not only pushes up prices but increases the housing shortage. While those land releases policies are often dealt through the state and local governments it doesn’t stop the commonwealth government from assisting where that is a problem.”
Meanwhile Joel Pringle from Australians for Affordable Housing told Tony Eastley on Radio National that negative gearing fails to deliver new housing.
“What we know is that negative gearing as it currently stands is a failed policy. It doesn’t deliver new housing. Over 90% of negatively geared properties are actually existing housing stock,” he said on Thursday.
“So it’s not lowering rents in the way it’s meant to be. So we know it’s failing to deliver on its aim.”
Meanwhile economist Saul Eslake has told The Border Mail he believes negative gearing should be abolished as keeps prospective home buyers out of the market.
“It has not been an effective instrument for increasing the supply of housing, which would be a legitimate policy objective,” he said.
“Negatively geared investors enjoy tax breaks, which, of course, are funded by higher taxes on the rest of us indirectly, in order to compete with would-be owner-occupiers to drive up the price of established housing.
“It is hard to think of anything that would do more to make it easier for people, especially young people who want to buy their own property, than to abolish negative gearing.”
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Negative gearing a non-debatable topic for both parties

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Monthly home loan repayments will rise 40% if interest rates return to 2008 highs and banks might not be taking this into account when lending, according to Fitch Ratings.
Monthly repayments on a $300,000 loan would increase from $1820 to $2544, severely reducing borrowers’ ability to meet their mortgage obligations.
Average standard variable interest rates (SVR) provided by large banks are now at 6.1%, with borrowers usually able to get discounts of 0.5 to 1.0 percentage point, according to Fitch Ratings. But SVRs were at 9.6% as recently as September 2008.
The Reserve Bank of Australia recently cut the interest rate for the eighth time since October 2011 to a record low of 2.5%.
“Australia's current low interest rates, coupled with high house prices and high household leverage, could expose borrowers to future payment shocks when interest rates rise,” Fitch Ratings says.
It says banks should be using serviceability tests using SVRs closer to historical averages than they currently do.
Most banks generally use a buffer of 1.5 to 2.0 percentage points higher than the existing rate when calculating serviceability as well as a minimum lending rate, but Fitch Ratings says this might not be enough.
“A minimum lending rate can capture the risk that rates return to average historical levels that are higher than the stress rate with the addition of a buffer.”
“An interest rates rise, together with the projected rise in unemployment, could adversely impact borrowers and residential mortgage vintages originated in a low interest rate environment.”
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Interest rate increases an eventual risk for borrowers: Fitch warning

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Census data contains a wealth of information for property investors but it can be difficult to burrow down through the Australian Bureau of Statistics website to find useful information.
It can provide in-depth data on the demographic makeup of a suburb but it can also show trends over time which can help identify possible hotspots.
First off, investors have to know that geographical boundaries changed in the 2011 census data, so they need to be careful when comparing previous census results to 2011 census results to make sure they’re the same.
The easiest way to start navigating census data is to go to the <a href="https://www.abs.gov.au/websitedbs/censushome.nsf/home/quickstats?opendocument&amp;navpos=220">ABS QuickStats page</a>. Most of our following tips start from there.
Who lives there?
If you’re looking at investing in a particular suburb it’s important to know who lives there, and ABS data makes it really simple to find if you know where to look.
If we want to see who’s living in the Melbourne suburb of <a href="/news">Burnley</a> just type Burnley into the QuickStats search and make sure you select the state suburb entry. The view here shows the basic results from the 2011 census and gives a good snapshot of the demographic make-up if you look under the <a href="https://www.censusdata.abs.gov.au/census_services/getproduct/census/2011/quickstat/SSC20217?opendocument&amp;navpos=220">People section</a>.
The age section gives a good snapshot of whether you’re looking at a retiree village, a young family neighbourhood or a young professional zone. Compare the suburb ages to the state you’ll see if there’s more kids or more older people.
In Burnley you can see it’s heavily weighted towards young professionals with far fewer children and old people than the rest of Victoria and more than double the state average for 18 to 34 year olds.
If you look at the marriage tab you can see they’re mostly single and scrolling down to the education tab you can see they are far more likely to be university educated than the rest of the state which confirms their young professional status.
If you keep looking here you can check ancestry, income, occupation types and a host of other demographics.
All these help to decide whether you want to buy here and what sort of people you want to be targeting when buying property.
Identifying gentrification
Although census gives a great snapshot of income levels, it can also give a historical change so you can see if an area is undergoing an increase in earning power.
<a href="/news">Waterloo</a> was identified by Bernard Salt as being <a href="https://www.propertyobserver.com.au/new-south-wales/rising-incomes-pointing-to-13-emerging-suburbs-for-investment-potential-bernard-salt/2013081464225">one of Australia’s top suburbs with increasing income</a>, and using ABS stats we can confirm that for ourselves.
Go to the <a href="https://www.censusdata.abs.gov.au/census_services/getproduct/census/2011/communityprofile/SSC12434?opendocument&amp;navpos=230">Waterloo QuickStats page</a> and under the people tab we can see the various income measurements. In this case there is a median weekly household income of $905.
Compare that to the <a href="https://www.censusdata.abs.gov.au/ABSNavigation/prenav/ProductSearch?&amp;areacode=SSC12015&amp;producttype=QuickStats&amp;action=401">2006 census results for Waterloo</a>, accessed by selecting 2006 in the dropdown menu next to the QuickStats search box. The format is slightly different but we can see median weekly household income in 2006 was $557 –a 60% increase. It’s not quite as sophisticated as a full scientific survey but it gives a good indication of whether a suburb is earning more.
How good is public transport?
Looking at tram maps, bus networks and train stations can be quite deceptive in working out how good public transport in an area actually is. One easy way is to see how many people in a suburb actually use public transport to get to work.
Looking at <a href="/news">Boronia</a> this time, you want to find the <a href="https://www.censusdata.abs.gov.au/CensusOutput/copsub.NSF/All%20docs%20by%20catNo/2011~Community%20Profile~SSC20163/%24File/BCP_SSC20163.zip?OpenElement">basic community profile spreadsheet</a>. It’s under the <a href="https://www.censusdata.abs.gov.au/census_services/getproduct/census/2011/communityprofile/SSC20163">community profile</a> button next to the search box. After extracting the zip file, open it up in excel and find the method of travel by sex section. Boronia looks to be reasonably well connected to public transport but you can see that around 70% of respondents drive to work with only around 5% taking the train.
How popular is renting
Looking at 2006 stats versus 2011 stats you can find which suburbs are more popular for renters. If we’re looking at <a href="/news">Leederville</a> in Perth you can see from the <a href="https://www.censusdata.abs.gov.au/ABSNavigation/prenav/ProductSearch?&amp;areacode=SSC51821&amp;producttype=QuickStats&amp;action=401">2006 QuickStats page</a> 36.3% of residents were renting, if you look under Tenure Type. Compare that to <a href="https://www.censusdata.abs.gov.au/census_services/getproduct/census/2011/quickstat/SSC50434?opendocument&amp;navpos=220">the 2011 page</a> and you can see 43.1% of residents were renting, just look under the dwellings tab and then tenure. It’s not a quantum leap but it does help identify suburbs becomingly increasingly popular with renters.
There are a great deal more ways to harness ABS data to find investment hotspots, these are just some. The next step involves using the table builder function to compare hundreds of suburbs at once but it is a bit trickier.
The tips here can give a good insight into a suburb you may not know much about.
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The Property Observer guide to ABS census data research for smart property investors

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SQM Research director Louis Christopher says despite recent price increases there is no price bubble to worry about.
“No sooner has a housing recovery been confirmed, than the loud voices go straight to assuming we have a looming property bubble on our hands,” Christopher noted.
“The voices seem to range from those who have no experience or qualifications to speak on this sector through to those who should know a lot better.
He says most capital cities are just experiencing a modest recovery rather than displaying any kind of boom conditions.
“It is just Sydney, Perth and Darwin that have been recording more rapid price rises.”
“If we were to see national housing prices sustaining annualised increases of 7% plus for a considerable period then that is something to watch for. However, it just simply isn’t happening yet.”
“There is no doubt in my mind that interest rates are helping the recovery along and there is also no doubt in my mind that the RBA will look at the national result rather than just what is happening in the Sydney housing market.”
SQM has recently launched a vendor sentiment index which shows vendor asking prices on capital city houses are up 3.7% for the year to $667,100. They are up 0.7% for the month but down 1.7% for the week.
Sydney had the most pronounced weekly change in vendor asking prices, up 4.2% to $898,400 and 7.8% for the year.
Melbourne vendor asking prices for houses are up virtually unchanged for the year, but up 1.4% in the past week.
Click to enlarge
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Slight uptick but no looming price bubble: SQM's Louis Christopher

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What will $1 million buy you in Melbourne versus Sydney?
It sounds a lot and, not long ago, the magical number would conjure up visions of luxury estates with grand living rooms, large gardens and perhaps a pool.
Today, that figure is more pedestrian, but it will get you into comfortable digs across a range of property types – from an inner suburban terrace to a beachside townhouse to a semi-rural three-bedder.
Recently Dr Andrew Wilson, the senior economist at Australian Property Monitors, suggested million-dollar median house price suburbs were the “meat and potatoes" of Sydney housing.
Here’s a small selection of what to expect on the house hunt... $1 million give or take a little on either side.
VICTORIA
<a target="_blank" href="https://www.realestate.com.au/property-house-vic-fitzroy-114208315">62 Young Street, Fitzroy</a> (pictured below)
In this inner Melbourne suburb a single fronted rather forlorn looking ‘’prime Victorian’’ was sold for $1.12 million last month.
Off cosmopolitan Gertrude Street, the three bedroom/two bathroom house has two street frontages and a second level extension with studio loft. It has open plan living/dining, central bathroom with spa, mezzanine retreat, courtyard and garage.
It’s close to schools, transport, Brunswick and Smith Street, restaurants, cafes and shops.
<img height="353" width="470" src="/images/stories/2013/08/fitzroy_aug_15_one.jpg" alt="fitzroy_aug_15_one">
<a target="_blank" href="https://www.realestateview.com.au/Real-Estate/155-roseneath-street-clifton-hill/Property-Details-sold-residential-5782531">155 Roseneath Street, Clifton Hill</a> (pictured below)
Just over $1 million bought this solid brick double-fronted three bedroom home in the Yarra Bend precinct.
It has a north-facing backyard with laneway access.
Features are hydronic heating and air-conditioning.
The property near parks, bike trails and train station has a living room, lounge/meals area, new stone kitchen, bathroom with spa, powder room, huge laundry. Living rooms have open fireplaces, polished floorboards and decorative ceilings.
<img height="313" width="470" src="/images/stories/2013/08/clifton_hill_aug_15_one.jpg" alt="clifton_hill_aug_15_one">
 
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<a target="_blank" href="https://www.realestateview.com.au/Real-Estate/20-gilbert-grove-bentleigh/Property-Details-sold-residential-5790447">20 Gilbert Grove, Bentleigh</a> (pictured below)
This modernised Art Deco house sold for $1,090,000 recently.
It has four bedrooms and two bathrooms, lounge and dining rooms, and lots of entertaining space.
There are leadlights, ornate ceilings and picture rails. The granite kitchen has Ilve and Bosch appliances, and the living and meals area opens to a covered alfresco area and heated pool/spa.
Features are ducted heating and airconditioning, sunblinds, shed and driveway.
In the Brighton Secondary College zone, the house is walking distance to the Centre Road shops, bus and Allnutt Park.
<img height="313" width="470" src="/images/stories/2013/08/bentleigh_aug_15_one.jpg" alt="bentleigh_aug_15_one">
<a target="_blank" href="https://www.realestateview.com.au/Real-Estate/22-rankins-road-kensington/Property-Details-sold-residential-5785749">22 Rankins Road, Kensington</a> (pictured below)
The former Flemington &amp; District Dispensary, a Kensington landmark since 1915, sold for $997,500.
Now a house its ornate ceilings, leadlight windows, open fireplaces and polished floors reflect the elegance of the era.
A series of renovated spaces includes a spacious central Living area downstairs, study, kitchen/dining room and a landscaped garden. Upstairs are three bedrooms and a stylish bathroom.
Features are hydronic heating and off-street parking. The village and transport are nearby.
<img height="313" width="470" src="/images/stories/2013/08/kensington_aug_15_one.jpg" alt="kensington_aug_15_one">
<a target="_blank" href="https://www.realestateview.com.au/Real-Estate/47-15-beach-road-hampton/Property-Details-sold-residential-5769173">47/15 Beach Road, Hampton</a> (pictured below)
This first floor apartment in a beachside complex sold for $1,080,000.
This class act has a north-east aspect featuring expansive open plan living and dining, stone kitchen with Miele appliances and walk-in pantry.
It has three large bedrooms with robes, study/fourth bedroom, two stone bathrooms and alfresco terrace.
Extras are video intercom, lift, ducted heating/cooling, two basement car parks and storage cage. Residents can use the indoor pool, gym and communal outdoor areas.
<img height="313" width="470" src="/images/stories/2013/08/hampton_aug_15_one.jpg" alt="hampton_aug_15_one">
 
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NEW SOUTH WALES 
<a target="_blank" href="https://www.realestateview.com.au/Real-Estate/15-dean-street-strathfield-south/Property-Details-sold-residential-5779879">15 Dean Street, Strathfield South</a> (pictured below)
Spot on the million is deceased estate ‘Pal 'O Mine’, a brick and tile Californian bungalow on the market through the original owners for the first time since 1925.
It has three bedrooms, lounge room with fireplace, dining room, family/sunroom and north facing backyard. 
It has an original kitchen, bathroom and laundry. Features include decorative ceilings, verandah, architraves, side driveway and single garage. The north facing block is close to shops, schools and bus.
<img height="353" width="470" src="/images/stories/2013/08/strathfield_aug_15_one.jpg" alt="strathfield_aug_15_one">
<a target="_blank" href="https://www.realestateview.com.au/Real-Estate/5-keldie-street-forestville/Property-Details-sold-residential-5813901">5 Keldie Street, Forestville</a> (pictured below)
This archetypal cream brick veneer sold for $1,060,000.
‘Family’ is writ large here with multiple living and alfresco areas. 
A casual dining space opens to an entertainers' deck and the family room opens to a balcony. The kitchen’s European appliances include a gas stove and dishwasher. 
There are three bedrooms and two bathrooms, oversized garage, high ceilings, timber floors and alarm. The 897 square metre block has landscaped gardens and pool.
Nearby are parks, schools, buses and beaches.
 
<img height="313" width="470" src="/images/stories/2013/08/forestville_aug_15_one.jpg" alt="forestville_aug_15_one">
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house-sylvania-nsw-2224/145772">36 Essington Crescent, Sylvania</a> (pictured below)
An offer of $950,550 bought this family home with self-contained accommodation on both levels.
At entry level is access without needing stairs, and two bedrooms with built in wardrobes.
A rumpus area with fire place opens to a balcony, kitchenette and laundry with shower and toilet.
Upstairs is a lounge room with air conditioning, balcony, three bedrooms with built-in wardrobes and an en suite to the main bedroom.
There’s a modern bathroom, kitchen with ample cupboard space, and dining area opening to a second balcony overlooking the resort-style backyard.
<img height="313" width="470" src="/images/stories/2013/08/sylviana_aug_15_one.jpg" alt="sylviana_aug_15_one">
 
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<a target="_blank" href="https://www.realestateview.com.au/Real-Estate/38-dorothy-street-wentworthville/Property-Details-sold-residential-5790819">38 Dorothy Street, Wentworth</a> (pictured below)
On a large block in the Dorothy Mount area, this two level house sold for $980,000.
Billed ‘’as-new’’ it has a spacious main bedroom with en suite and walk in wardrobe, lounge room and dining areas.
The kitchen has stainless steel appliances, gas cooking and stone bench tops.
A large lounge room and rumpus room downstairs opens out to an alfresco.
A second kitchen and bathroom are downstairs.
Features are air conditioning, alarm and intercoms.
The double garage has internal access and there’s under-house storage space.
A built in barbecue is on the tiled alfresco area.
<img height="353" width="470" src="/images/stories/2013/08/wentworth_aug_15_onw.jpg" alt="wentworth_aug_15_onw">
<a target="_blank" href="https://www.realestateview.com.au/Real-Estate/milburn-road-gymea/Property-Details-sold-residential-5858475">36 Milburn Road, Gymea</a> (pictured below)
On a near level block of 948 square metres with a 25 metre frontage this house sold for $980,000 last month.
The spacious single level brick house has four bedrooms, the main bedroom with en suite.
There are two living areas, open plan kitchen and dining room. The property is near cafes, restaurants and the station.
It has a huge north east facing backyard, covered entertaining area, double garage, and extra off-street parking.
Wide side access has potential for dual occupancy, subject to approvals.
<img height="313" width="470" src="/images/stories/2013/08/gymea_aug_15_one.jpg" alt="gymea_aug_15_one">
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What can a $1 million or so buy in Melbourne and Sydney?

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Darren Moffatt, founder and chief executive of Housenet.com.au, is a property and social media enthusiast. He has prepared six steps to successfully invest in property.
So you want to build a real estate empire. Nice, ambition is good. But how to property invest and where to start?
There’s a mountain of information out there on the web about buying investment property. It’s one area where too much information can actually hinder rather than help. For first time investors in particular, it can be bewildering.  So we set ourselves a challenge: what are the bare minimum steps anyone needs for successful property investing?
This post is designed to both help first time investors and spark a discussion among seasoned pros: what are the absolute, essential property investing steps required for success?
I got it down to six, but maybe you can do better and distill it even further. Is this the definitive list? Leave a comment and have your say. OK here goes …
1. Assess your readiness.
Are you ready to invest in property? Are you earning enough income, and do you have enough cash or equity in your existing home to fund the purchase of property? <a target="_blank" href="https://www.housenet.com.au/mortgage/calculator/" title="Mortgage Calculator ">Establishing your borrowing capacity is a good first step</a>. Even if the answer is yes, you may still not be ready to invest. You should also consider other lifestyle questions such as your job security, family circumstances, and current debt load. Just because someone says you CAN do it, doesn’t mean you should.
2. Decide your objective.
Why do you want to buy an investment property anyway? Lots of people don’t actually know, they’ve just heard it’s an easy way to build wealth. Well guess what? It’s not as easy as it used to be. You need to be clear about what you’re trying to achieve. Here’s a list of common objectives investors have when buying a property:
<ul>
<li>Capital growth (potential increases in the capital value of the property over time)</li>
<li>Rental yield (the rental return expressed as a percentage of the property value)</li>
<li>Tax minimisation (reducing personal tax via negative gearing in property)</li>
<li>Investment diversification (investing in different markets or asset classes)</li>
</ul>
Which one applies to you? Maybe it’s a combination, but successful investors normally have one clear objective/vision for each purchase. <a target="_blank" href="https://www.housenet.com.au/blog/category/9/property-investment-development/view_/" title="Property investing blogs">These blogs</a> might help, and you may need to get professional advice at this point to work this out.
3. Research, learn &amp; network.
It’s important to do your homework and understand how property investing works. There are some excellent sites out there like <a target="_blank" href="https://realestatetalk.com.au/" title="Real Estate Talk">Kevin Turner’s Real Estate Talk</a> and <a target="_blank" href="https://propertyupdate.com.au/" title="Michael Yardney">Michael Yardney’s Property Update</a> that will give you plenty of resources to learn from.
There are also property forums and <a target="_blank" href="https://www.housenet.com.au/" title="Housenet">niche social networking sites like Housenet</a> where you can rub shoulders with professional investors and real estate experts. As in life, who you know is just as important as what you know, when learning property investing.  Housenet has many elite investors &amp; property advisers like <a target="_blank" href="https://www.housenet.com.au/ChrisGrayEmpire/" title="Chris Gray Your Empire">Chris Gray</a>, <a target="_blank" href="https://www.housenet.com.au/ben-kingsley-1180/" title="Ben Kingsley">Ben Kingsley</a>, <a target="_blank" href="https://www.housenet.com.au/michael-sloan-1801/" title="Michael Sloan">Michael Sloan</a> &amp; <a target="_blank" href="https://www.housenet.com.au/jane-slack-smith-158/" title="Jane Slack Smith">Jane Slack-Smith</a> who you can approach online.
4. Build your team of advisers.
Don’t walk alone. Investment property can get complex pretty fast, and almost always involves tax, financial planning, mortgage finance, and insurance elements.  Therefore, once you feel you’ve done enough research, start building a team of trusted advisers. These might include:
<ul>
<li>Accountant</li>
<li>Mortgage broker</li>
<li>Buyer’s agent</li>
<li>Solicitor/conveyancer</li>
<li>Financial planner</li>
</ul>
You can find plenty of good people in this<a target="_blank" href="https://www.housenet.com.au/user/browse/" title="Property industry directory"> property industry directory.</a>
5. Set criteria, search real estate &amp; buy the property.
The final step for successful property investing is to set a firm criteria for your purchase. Be clear about where to buy, what price range, what type of property, brand new or pre-existing etc. This criteria should meet the objective you set in step 2. Scatterguns don’t work well in property.
Most people still use the big portals like RealEstate.com.au &amp; Domain.com.au to search, but increasingly there are sites that ‘aggregate’ their listings in one place and offer extra useful data on each listing. At <a target="_blank" href="https://www.housenet.com.au/" title="Housenet">Housenet</a>, we partnered with Ripehouse to bring our members incredible FREE data on properties for sale.
<a target="_blank" href="https://www.housenet.com.au/" title="Join Housenet">When you join Housenet</a>, you can see how long each property has been on the market, when and how often the asking price has changed, and even price discounting.
6. Find a tenant!
You’re not really a  landlord until you have a tenant, but where to find one? Most investors use a real estate agent to manage their property, and you can <a href="https://www.housenet.com.au/user/browse/">find plenty of agents HERE</a>.
If you want to give it a go yourself, you’ll need to advertise for a tenant. You can do this on sites like Gumtree, Rent.com.au or place a a free listing in <a href="https://www.housenet.com.au/advancedmarketplace/">the Housenet classifieds</a>. Don’t forget to check their references, and good luck with your landlord dreams!
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