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

Joel Robinson

Parcel delivery is joining the apartment amenity checklist

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

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

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

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

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

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

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

Goldfields appoints BINAH for Quartet apartments in Milton

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

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

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

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

The ACT will become the first jurisdiction in Australia to abolish stamp duty for all first home buyers, with no income caps and no property price thresholds from 1 July.

The move, announced as part of the ACT Budget, completes a key election commitment from the Barr Government and removes what Chief Minister Andrew Barr described as one of the biggest barriers to entering the housing market. The reform forms part of the ACT's long-running transition away from transaction taxes and towards a broader-based property tax system.

"This budget marks a major milestone in our long-term tax reform program," Barr said, adding that the government had maintained a sustained focus on removing barriers to home ownership. He said stamp duty had long been one of the largest upfront hurdles facing buyers and that from July, "that barrier is gone" for first home buyers in the Territory.

[smartcode_project:default project_id=139989 project_image_fid=350986]

The changes come alongside a range of measures designed to encourage new housing supply, including support for the delivery of so-called "missing middle" housing such as terraces, townhouses and low-rise multi-unit developments.

The announcement has renewed debate around whether the ACT's approach could provide a blueprint for improving housing affordability nationally.

New research from OurTop10.com.au, conducted by Primara Research, suggests the Territory's decade-long reform agenda has produced outcomes unmatched elsewhere in Australia.

While stamp duty costs have increased by an average 67 per cent nationally over the past decade, the ACT has recorded growth of just 15 per cent, the lowest increase of any jurisdiction.

The Territory has also emerged as one of the strongest performers on housing delivery. Based on population-weighted housing targets, the ACT is sitting less than one per cent behind its target. Victoria is the next closest at seven per cent behind, while the national average sits 25 per cent below target. New South Wales is tracking 39 per cent behind.

The latest reform removes one of the final barriers facing first home buyers in Canberra.

[smartcode_project:default project_id=139989 project_image_fid=359152]

The average Australian home buyer currently pays $61,714 in stamp duty. In the ACT, that figure is $38,399 despite the Territory having the third-highest median house price in the country.

Until now, the ACT's first home buyer concession scheme only applied to purchases up to $1.02 million, around $51,000 below Canberra's median house price of $1.071 million. In practical terms, many first home buyers were unable to access the median-priced home without losing the concession.

From July, those restrictions disappear.

Every first home buyer in the ACT will pay no stamp duty, regardless of income or purchase price.

Canberra remains one of Australia's most expensive housing markets, with dwelling values increasing 82 per cent over the past decade. However, that growth ranks only 11th among Australia's 15 major housing markets, suggesting affordability pressures have been less severe than in many other parts of the country.

Simon Ma, CEO of OurTop10.com.au, said the latest reforms recognise that many first home buyers have simply outgrown thresholds set years ago.

"Many first home buyers aren't just looking for a way onto the ladder, they want a home their family can actually live in," Ma said.

"In a market where the median house price is over a million dollars, a concession scheme that cuts out at $1.02 million was never going to get them there.

"Removing the ceiling entirely means ACT first home buyers can now pursue the home they actually want, rather than limiting themselves to a price point designed for a very different market."

Whether other states follow remains to be seen. But at a time when most jurisdictions are struggling to improve affordability while also increasing housing supply, the ACT has quietly become the national test case for both.

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

ACT abolishes stamp duty for first home buyers

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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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Six essential steps for investing in property with success: Housenet's Darren Moffat 

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Low interest rates have helped nullify the usually adverse feelings of uncertainty in Canberra in the lead up to the federal election, according to valuers Herron Todd White.  
While the property market in the national capital is always affected by federal elections – after all, one in four Canberrans are civil servants – this time around there’s a subtle difference.  
Interest rates are at an historic low of 2.5% and it hasn’t been this cheap to buy a property since the 1950s.  
‘’It almost seems that, while some are sitting around discussing the potential repercussions of the poll, others are out in the market capitalising on their good fortune,’’ Herron Todd White says.  
‘’The lower interest rates have had an impact across the range in terms of potential buyers and vendors engaging in the market. Young people and couples looking for a good time to enter the market now have possibly one of the best incentives to buy.  
‘’Also older couples with kids see this current moment as a great time to sell the old residence and find a bigger one.  
‘’You can see how the market stays alive in uncertain times like these when you have a wide range of buyers and vendors all active within the market,’’ the property valuer says.  
Herron Todd White says observers could interpret the interest rate cuts as the catalyst for reviving the property market in this pre-election time with experts at Allhomes forecasting a 6% increase in property transfers in Canberra compared to last year.  
‘’Also, experts at Australian Property Monitors recorded a strong finish to the final quarter of 2012 with home prices increasing 2.1% in Canberra - which spilled over to the first quarter of 2013 - and is going to stay strong with the interest rate cuts.  
‘’Therefore, no matter what the outcome of the election, if interest rates remain this low you can definitely predict that the property market in Canberra will continue to remain stable - and possibly grow - after the election when any uncertainty fades.’’    
The Canberra house median is $555,000, according to RP Data. Two properties selling for around this figure are:
 
<a target="_blank" href="https://www.realestate.com.au/property-house-act-downer-113050927">564 Northbourne Avenue Downer, ACT</a>
The property (pictured below) sold for $505,000 on August 2. It previously sold for $408,000 in August 2009 after being on the market 152 days and $350,000 in May 2007 after being on the market 29 days.
<img height="353" width="470" src="/images/stories/2013/08/downer_aug_7.jpg" alt="downer_aug_7">
 
<a target="_blank" href="https://www.realestate.com.au/property-house-act-monash-113681495">39 Kenyon Circuit Monash ACT.</a>
 
The property (pictured below) sold for $585,000 on July 15 after being on the market 60 days. It previously sold in June 2002 for $285,000, July 1995 for $183,500, January 1992 for $152,500 and August 1991 for $43,500.
<img height="435" width="470" src="/images/stories/2013/08/monash-aug-7-one.jpg" alt="monash-aug-7-one">
 
Picture of Canberra courtesy of creative commons/flickr.
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Low interest rates reviving pre-election Canberra market: Herron Todd White

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Sydney maintains the greatest fall in online property listings with a 17% decline over the past year, as Sydney and national levels continued, not unexpectedly, to fall during July.
Across the country, the number of properties listed for sale online fell during July by 2.1% with Sydney mirroring the decline to sit at 27,973 listings, according to data providers, SQM Research.
There were a total of 351,487 properties listed online over July, down 2.5% from July last year, SQM's Louis Christopher noted.
Year on year, every capital city except Canberra and Melbourne recorded decreases in property advertised for sale.
National property listings peaked in November 2012 and have fallen since then. Sydney's property listings peaked one year earlier and have continued to remain at lower than prior years.
"It's pretty clear that the Sydney trend is a far more pronounced than the national trend," Christopher told Property Observer.
<img height="172" width="470" src="/images/stories/2013/08/tassiesales-aug-5-table.jpg" alt="tassiesales-aug-5-table">
The biggest decrease in listings in Sydney was in the CBD where they fell 28.4% over the year. The lower north shore fell 26.2%, the northern beaches fell 26.4% and the eastern suburbs fell 25.3%.
Christopher says these decreases potentially point to a pick-up in the Australian housing market though it still believes the level of stock is elevated at a national level.
“It is becoming more and more evident that the housing market is beginning to pick up in this capital city and SQM Research believes that this will continue into the Spring selling season,” Christopher says.
Melbourne had no significant change over the month and still has the most online residential sales listings of all the capital cities.
Christopher says the listings are still elevated across Australia.
“However, there is now a large contrast between the readings of certain cities. Take Melbourne as an example - Despite apparent high clearance rates at auction, there is still too many listings on the market, creating headwinds for a Melbourne housing recovery,” he says.
“In contrast, Sydney is clearly experiencing a shortage of listings in the market, which is putting upward pressure on real estate prices. This is particularly the case in the inner ring where listings have fallen by approximately 25% over the past 12 months.”
Adelaide recorded the most significant monthly drop in stock, falling 4.5% over July to 17,536 properties. Year on year it fell 6.2%.
Darwin was the only capital city which recorded a monthly rise in listings, up 0.9% over June to 1,302 properties.
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National vendor hibernation continues into July, especially in Sydney: SQM

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Real estate businesses will come under scrutiny from ATO to ensure they are meeting their employee superannuation guarantee obligations.
The ATO's 2012-13 compliance program identifies real estate businesses, café and restaurant operators and carpenters as the businesses most at risk of non-compliance.
“This year we will review, in focussed superannuation guarantee audits, around 400 high risk employers where we find evidence of non-compliance, particularly in the industries where we have previously focused communication activities including cafes and restaurants, real estate businesses [and] carpentry businesses in home building or construction,” says the ATO.
“Employers play a major role in the integrity of the superannuation system by paying superannuation guarantee contributions on behalf of their employees. Where employers fail to pay contributions for eligible employees to nominated funds, they must pay a superannuation guarantee charge to the ATO.”
The ATO makes it clear that it has the technology and access to information to catch out those who are not meeting their super obligations:
“We match information in tax returns and business activity statements with details of transactions reported to us by a wide range of third parties, including:
<ul>
<li>payments and grants by other government agencies</li>
<li>payments by businesses to contractors </li>
<li>income from investments and partnership and trust distributions </li>
<li>property and share transactions n cross-border transactions and international funds transfer. </li>
</ul>
“This range of information means we can build a complete picture of every business, including income earned, investment details, acquisition or disposal of assets such as real estate, cars and boats, and business connections,” says the ATO.
Super compliance checks of real estate agents will be carried out as part of broader employer obligations reviews involving some 3,000 employers.
“We will also check that these employers are complying with their obligation to provide employee tax file numbers to superannuation funds.
“Last year we also followed up complaints about unpaid superannuation with around 12,000 employers, mainly micro enterprises. This year we expect to contact around 13,000 employers regarding complaints about unpaid superannuation," says the ATO.
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Real estate businesses facing ATO super compliance crackdown

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The unemployment rate in June ticked up to 5.7% from 5.5% the month before, according to figures released this week by the Australian Bureau of Statistics.
This is slightly higher than had been expected, with an AAP survey of 14 economists having tipped a 0.1% rise to 5.6%.
The increase was actually only 0.1% due to the fact that the original rate of 5.5% was revised at 5.6% and thus only moved 0.1% to 5.7%.
The economy added 14,800 new part-time positions in June, but lost 4,400 full-time jobs.
Unemployment increased 23,700 (3.5%) to 709,300.
The ABS had the number of persons looking for full-time work at 525,900 and the number of persons looking for part-time work at 183,400.
{module Is rising unemployment adversely affecting residential property markets?}
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po-LsXgBTHBmX

Is rising unemployment adversely affecting residential property markets?

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The ACT suburb with the fastest selling houses is Higgins, according to RP Data.
 
Houses in Higgins are listed for an average of 32 days, followed by Gilmore at 36 days.

The capital's slowest selling houses are in Forde, with an average listing time of 144 days.

Forde is followed by Campbell and Farrer, each at around 126 days on the market. 
 
ACT fastest selling
Higgins: 32.3 days

Gilmore: 36.4 days

Latham: 41.9 days

Hughes: 43.3 days 

Waramanga: 50 days 

Macgreggor: 52.3 days
 
ACT slowest selling 

Forde: 144 days 

Campbell: 126.8 days 

Farrer: 126.0 days 

Casey: 121.8 days 

Bonython: 118.2 days

Franklin: 108.3 days 


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The ACT suburbs where houses sell fastest and slowest

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It is still “likely” that the RBA will cut the cash rate in August to 2.5%, says the Westpac economics team led by chief economist Bill Evans.
However, the outcome will be heavily dependent on two bits of economic data to be released between now and the August 6 RBA meeting, as well as what happens to the Australian dollar.
The two pieces of data are the second quarter Chinese growth figures “tentatively” due out on July 15 and Australia’s second quarter CPI figures, due out on July 24.
In its analysis of yesterday’s very short (six paragraphs) monetary policy decision statement by governor Glenn Stevens, Westpac highlighted a repeat of the line that “the inflation outlook, as currently assessed, may provide some scope for further easing, should that be required to support demand".
<img src="/images/stories/2013/larry_uploads/underlying_inflation.jpg" width="470" height="450" alt="underlying_inflation"> Source: Commonwealth Bank
Westpac also places emphasis on the RBA's view on the Australian dollar.
In his statement yesterday, Glenn Stevens said the Australian dollar had depreciated “by around 10% since early April, although it remains at a high level”.
Westpac interprets this to mean that the currency is “at a less restrictive level but it is not actively stimulating growth or aiding the transition from mining to non-mining led growth”.
“A further decline in the currency – seen as a possibility – is viewed as required for this to occur.
“The currency move is also not seen as a threat to the inflation outlook which the Bank continues to see as remaining consistent with the medium term inflation target,” says Westpac.
Westpac does not provide any commentary on the importance of Chinese growth apart from mentioning the importance of the second quarter data figures.
In research published last week, Citi Research identified a strong link between <a href="https://www.propertyobserver.com.au/residential/citi-forecasts-of-3-rise-in-house-prices-and-then-slight-correction-from-march-2014-reasonable-rp-data-s-tim-lawless/2013062762752" target="_blank">Chinese economic growth and demand for housing.</a>
Ahead of yesterday’s decision, the ‘shadow’ RBA board strengthened its call for the cash rate to remain on hold until most needed highlighting that “uncertainty about the global economy is rising and bond, equity and currency markets are reacting violently”.
The shadow board, comprising noted economists, including former RBA board member Warwick McKibbin in a think tank hosted by the Australian National University, also mentions the importance of China commenting that “China's authorities are attempting to rebalance their economy by reining in credit and imposing tougher financial rules”.
“This has led to a temporary spike in the interbank rate as financial institutions are scrambling for liquidity.
“On Monday, 24 June 2013, the Shanghai stock index suffered its worst one-day loss in nearly four years. The big question is whether China's authorities will be able to engineer a soft landing or whether Chinese markets, and the economy, will experience further severe disruptions," says the shadow board.
Commonwealth Bank chief economist Michael Blythe notes the easing bias remains, but with “some subtle hints of a rethink on the inflation outlook” by the RBA as well as a “generally positive view on economic prospects”.
Blythe notes that the RBA’s description of the inflation outlook has “shifted since the May Board meeting from one that “would afford scope to ease further” to one that, in yesterday’s statement, “may provide some scope for further easing” (his emphasis).
He says there is a risk that the second quarter inflation of around 0.4% would leave underlying inflation undershooting the RBA’s target band of between 2% and 3%, “underwrites our call for an August rate cut and a terminal cash rate for this cycle of 2.5%
A cash rate of 2.5% would take the cash rate to a new record low, though still well above interest rate settings of other first-world economies.
<img src="/images/stories/2013/larry_uploads/interest_rates.jpg" width="470" height="452" alt="interest_rates">
Source: Commonwealth Bank
The previous lowest proxy measure of the cash rate (official cash rate settings date back to August 1990) was 2.89% in August in January 1960.
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Quarterly inflation data, the Australian dollar and Chinese data to guide RBA thinking on possible August rate cut

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Property valuers Herron Todd White say Canberra’s property market has remained stagnant with slight increases in sales, which may be due to the interest rate cuts giving incentive to first home purchases and investors.
The valuers says there has been a high demand for quality, updated properties in the "nicer suburbs" of Canberra such as Weston and Evatt.
There has also been interest for four-bedroom, two-bathroom, updated dwellings.
“Moreover, entry level homes are also moving quite smoothly, such as three-bedroom, one-bathroom properties in suburbs such as Gordon and Calwell.”
Herron Todd White says the demand for units has softened due to the high number of units coming onto the market, which has also caused prices to come back a little.
“As a result, the average buyer would be looking at their options more carefully and positioning their purchases of units in the inner suburbs.
“It seems that buyers are being very patient and are waiting for good quality properties in prime suburbs to come onto the market.
“As we have seen and heard from many agents, there has been high demand for quality, updated dwellings between the range of $500,000 to $600,000.
“Overall, the buyer confidence level is still low but if a good quality property comes onto the market, they are not afraid to step in.”
The valuers say it will be hard to see growth in property in the next couple of months but dwellings in the inner areas have the best chance.
Herron Todd White says the supply of units in Canberra’s outer suburbs has softened the demand for units, leading to some quality units being sold at a cheaper rate.
“In regards to dwellings, historically Belconnen has maintained high interest with potential purchases.
“This is due to its proximity to the city and surrounding amenities such as the AIS, University of Canberra and government offices.”
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High demand for quality properties in Canberra's Weston and Evatt: Herron Todd White

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The announcement that the $7,000 first-home owner grant in the ACT will end on August 31 – replaced by a <a target="_blank" href="https://www.propertyobserver.com.au/residential/act-lifts-first-home-owner-grant-to-%2412500-but-for-new-homes-only-from-september-1-fhog-fhb/2013060361890">bigger $12,500 grant for new home homes only from September 1</a> – appears to be already changing buyer behaviour among first-home buyers (FHBs).
It comes as just across the border, the NSW government extended the lifetime of its <a href="/news">$15,000 handout for new homes only until 2016</a>, having originally planned to reduce it to $10,000 from January 1.
There has been a “flurry” of FHB home loan applications, mostly for existing homes closer to the city since the changes were announced in early June, according to Paul O’Regan, head of home loans at LJ Hooker.
He estimates that around 35% of home loan applications are now from FHBs, “significantly more so than previous quarters”.
“First-home buyers traditional make up less than a quarter of the market,” O’Regan tells Property Observer.
Some though are choosing to buy new homes – even though they will receive $5,500 extra from the territory government from September 1.
The concern, says O’Regan is that developers may push up prices when there is a bigger handout on offer – something which happened when the first-home owner grant (FHOG) was doubled (and tripled for new homes) in 2008/2009 to assist the housing market during the GFC.
Most though are buying existing home in the $380,000 to $400,000 price bracket with popular suburbs being Macgregor to the west of the city and Tuggeranong to the South.
O’Regan believes the bigger $12,500 grant for new homes will benefit housing construction and employment, but is less certain of its benefits for first-home buyers, given their preference for established homes.
He believes the property investment market in the ACT will increase, with investors picking up the entry level established homes, for which FHBs will no longer receive a government handout from September 1.
He also expects that some first-home buyers will stay at home longer, delaying their purchases as they save up a bigger deposit or seek assistance from their parents.
And he expects the trend of FHBs becoming ‘renter-investors’ – whereby you continue to rent but forgo the FHB grants by buying an investment property – to rise
“For FHBs that buy an investment property, they get the rental income plus their own wages,” he says.
Not to forget that they can also reduce their tax bills by using negative gearing provisions.
Frank Pompeani, principal at LJ Hooker Tuggeranong has noticed a “slight upwards trend” in first-home buyers.
“FHBs have recognised there is good value to be found in the established market," he says.
He says somewhere like southern Tuggeranong offers good value with three bedroom houses under $400,000 on a small block.
“It’s as good value as in the last four to five years,” he says.
At the same time demand for new homes has tapered a little as some FHBs wait for the new grant to kick to get the extra savings.
But reckons there is still better value to be had buying an established home compared with a new home.
Overall, he says the announcement of the changes to the grant have been a “good stabiliser for the market prior to the election”.
“It’s a nice injection prior to the election, but neither FHBs nor sellers should panic, the value will be there."
His advice: research the market, due your diligence, ask an expert and don’t jump into the first home you see.
“If you’re buying an established home, look at 10 to 15 properties and if you’re buying a new home compare different developments in different suburbs,” he says.
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Imminent end of $7,000 FHB grant in the ACT shifting buyer behaviour: LJ Hooker

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Elders Limited has entered a trading halt as it begins assessing final bids for its Elders Rural Services and Futuris Automotive businesses.
In a statement to the ASX, Elders advised it was “in receipt of one or more final or near final bids for each of its Elders Rural Services and Futuris Automotive businesses.
"As those bids require analysis, consultation with secured lenders and consideration by the Elders Board and potentially further negotiations on key terms, Elders is not in a position to make an immediate announcement in connection."
Elders Limited has sought that the trading halt remain in place until Tuesday (April 18) or until further announcements are made.
Elders has net debts of $295 million and a market cap of about $40 million.
Both businesses have had significant write-downs - Futuris was written down by $166.5 million to $75 million and rural services, by $52 million.
For its 2012 financial year to September 31, Elders Limited reported a statutory loss after tax of $60.6 million compared with loss of $395.4 million in 2011.
Elders Limited announced plans to sell the rural business in October last year.
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ACT abolishes stamp duty for first home buyers

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Developments

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New townhouses

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