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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The Prime Minister Julia Gillard has sold her Canberra investment property for $615,000. It cost $540,000 in late 2005, representing just 1.7% annual price growth.
The Prime Minister declared the sale of the apartment in the tightly held 2005 Kingston complex of 24 apartments in her latest update to the register of member's interests on February 5 this month.
It had been rented by Gillard in January 2011.
The two-bedroom Wentworth Avenue apartment with two bathrooms, two balconies, and two basement car spaces had previously been occupied by her before moving to The Lodge when she became Prime Minister in 2010.
It was quietly listed in August, and sold about 57 days later in October last year with settlement last month through Elders Dickson Real Estate.
<a href="https://www.eldersrealestate.com.au/residential/buy/property-unit-act-kingston-507253">The marketing brochure </a>described the 129-square-metre apartment as having “exceptionally generous” space.
"The floors are a combination of timber and pure wool carpet,and together with subtle neutral colours give the whole apartment a feel of luxury," the selling agent Birgitte Moltke said. Moltke was also the agent who had the listing in 2007 with a $530,000 asking price, but official property data indicates its last sale was in 2005 at $540,000.
In 2011 there were three sales between $595,000 and $615,000. The block's highest recent sale was in mid-2011 when $640,000 was achieved for a three bedroom apartment that had previously sold in 2005 for $549,000, reflecting 2.4% annual growth.
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<div class="promo-block promo-image-01 ">“While the sale occurred at the end of October 2012, financial matters related to the transaction were not finalised until the last week of January 2013,” the spokesperson told The Australian.</div>
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<div class="promo-block promo-image-01 ">Canberra's recent real estate price growth status is being questioned especially given the<a href="https://www.propertyobserver.com.au/australian-capital-territory/canberra-property-market-likely-to-tread-water-in-election-year-but-not-without-uncertainty/2013020159081" target="_blank"> prospect of a change of government affecting public service levels</a>. APM recorded a Canberra unit prices rose 3.8% over the December quarter to finish the year almost where they began at a $415,000 medium.</div>
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Landlord Julia Gillard sells Canberra investment apartment

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Christmas failed to spur a pick-up in retail trade in shopping centres and retail strips with sales falling 0.2% in December on a seasonally-adjusted basis despite, following a fall of 0.2% in November and a drop of 0.1% in October.
Expectations were for a 0.3% rise over December.
The figures will be noted by the RBA, which is expecting a recovery in non-mining sectors of the economy such as retailing and manufacturing to take up the slack from a fast-approaching mining investment peak. The largest contributor to the fall was other retailing (-2.8%) followed by cafes, restaurants and takeaway food services (-1.1%) and food retailing (-0.1%).
These falls were partially offset by rises in clothing, footwear and personal accessory retailing (2.1%), household goods retailing (0.8%), and department stores (0.8%).
Over the longer term, the weakest performing industries were household goods retailing (down 0.4% in trend terms) and other retailing (down 0.5%).  The largest contributor to the fall was New South Wales (-0.7 per cent), followed by Victoria (-0.2 per cent), Western Australia (-0.3 per cent) and the Australian Capital Territory (-0.8%). These falls were partially offset by rises in Tasmania (2.0 per cent), the Northern Territory (0.7 per cent) and South Australia (0.1 per cent). Queensland (0.0 per cent) was relatively unchanged. Over the longer term, South Australia was the weakest performing state (down 0.4 per cent in trend terms) whilst Tasmania has fallen in trend terms for 14 consecutive months.  The trend estimate for Australian retail turnover fell 0.1% in December 2012. This follows a relatively unchanged November 2012 (0.0%) and a relatively unchanged October 2012 (0.0%).
In volume terms, turnover rose 0.1 per cent in the December quarter 2012, seasonally adjusted, following a fall of 0.3 per cent in the September quarter 2012.
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Retail sales fall 0.2% in December despite Christmas cheer: ABS

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Mark Butler has been appointed the Federal Minister for Housing and Homelessness replacing Brendan O'Connor.
Mark Butler will keep his existing portfolio including the ministry for Mental Health and Ageing.
It was March 2012 when Brendan O'Connor was sworn in as Minister for Small Business, Minister for Housing and Minister for Homelessness. Brendan O'Connor took over the portfolio from Robert McClelland who'd held the post since December 2011. Jenny Macklin held the post in the second Gilliard Ministry from September 2010.
The first housing minister in the Rudd-Gilliard governments was Tanya Plibersek who in December 2008 released the Government’s White Paper on Homelessness, The Road Home, which has a goal of halving homelessness by 2020.
The housing ministry didn't exist under the Howard Government with the prior housing minister being Brian Howe from 1991 to 1996.
Mark Butler was elected to Federal Parliament in 2007 representing the electorate of Port Adelaide.
Before entering Parliament, he worked for 15 years in the Liquor Hospitality and Miscellaneous Union (now United Voice) - including 11 years as state secretary.
In 1997, he was elected president of the ALP in South Australia, and has been a member of the ALP national executive since 2000.
Mark, who lives in Woodville Park with his wife and two children, and is a keen supporter of AFL team, Port Power, was appointed a parliamentary secretary in 2009.
In December 2011, Mark was appointed to Cabinet as Minister for Mental Health and Ageing, Minister for Social Inclusion and Minister Assisting the Prime Minister on Mental Health Reform.
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Mark Butler the new Federal Minister for Housing and Homelessness

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The Real Estate Institute of the ACT  (REIACT) president Michael Kumm has played down concerns about the impact of public sector job cuts on the Canberra property market.
Kunn, a 34 year veteran of the Canberra real estate market, expects that whoever wins power on September 14 will shrink the size of the civil service, but says this will be more than compensated by the large numbers of servants due to retire in the next five years.
“Around 20% of those working in the public service are due to retire over the next five years," he tells Property Observer.
“The Liberals are talking about a 12% reduction in the public service - and through natural attrition - meaning they will have to hire an additional 8% to make up the shortfall.
“The reality is that it’s not as bad as people think.”
Another positive factor he says is that whereas in years past, those that retired from the public sector would move out of Canberra, now those that retire are choosing to stay in the federal capital.
Kumm has been involved in selling Canberra real estate through more than a dozen federal elections and says that John Howard’s election win in 1996 and subsequent culling of public sector jobs, had the biggest impact on the property market over these years.
“House prices went back to 1992 prices and only started recovering when we got the Sydney Olympics and money was being thrown everywhere.
“Then between 2000 and 2010 Canberra property prices boomed; there was double digit growth every year.”
Since 2010 prices have been trending downwards.
However, according to Kumm, the public servants that John Howard sacked in 1996 that had the last laugh, using their redundancy packages to pay off their mortgages before later returning to the public service as consultants and earning bigger salaries.
This year, he says its “business as usual” for the property market.
“This year it’s very price competitive, there is plenty of interest around, and things are looking pretty good.”
Property analysts expect the <a href="https://www.propertyobserver.com.au/australian-capital-territory/canberra-property-market-likely-to-tread-water-in-election-year-but-not-without-uncertainty/2013020159081" target="_blank">Canberra housing market to tread water in the election year.</a>
 
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Concerns over public sector job losses on Canberra property market overplayed: REIACT president

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The surprise announcement by prime minister Julia Gillard this week of a September 14 federal election, setting the scene for a seven-month election campaign, has thrown the spotlight on the Canberra property market more than in previous election years.
Before the announcement, real estate agents were talking about a two- or three-month lull in property transactions, but they now face a much longer period of uncertainty with the prospect that should Tony Abbott triumph, more public servant jobs will go and spending will be reined in.
Answering questions at the National Press Club yesterday, Abbott promised there would not be Max "the Axe” Moore-Wilton style bloodletting, but did hint that jobs would go while a Budget surplus may also be back on the agenda.
Should Labor be re-elected, its abandoning of its budget surplus promise is expected to have less of an impact on the public sector job market, which augers better prospects for the Canberra housing market, heavily dependent on well-paid public servants being able to afford what is the second most expensive capital city housing market after Sydney.
Around one in four residents in Canberra are directly employed by the civil service according to census 2011 and many more in industries that service the public sector.
Certainly anybody working in the Department of Climate Change and Energy Efficiency won’t be signing any new off-the-plan contracts or applying for home loans between now and September.
Paul Powderly, ACT state chief executive at Colliers, says the concern, once the election was called this week, was that there would also be an early caretaker period announced – a period when departments can no longer lobby for fresh funding – but this won’t kick in until August.
While rhetoric from politicians about saving money and cutting jobs will be a factor, Powderly says the residential market is already supported by an overall improvement in confidence about the housing market and low interest rates.
“Prices are down and rates are at an all-time low, so people think they should get on the property wagon,” he says.
“We are seeing increased inquiry and activity at the moment, and while there will now be some caution from buyers we don’t expect a massive drop-off in activity.”
Powderly expects  a fair bit of activity in residential markets post-election, but does not expect the market to really take off again until the end of the year or early next year.
On the commercial front, he says people won’t be rushing into new commercial leases, but that things will pick up after the election.
Australian Property Monitors (APM) senior economist Andrew Wilson is also fairly optimistic about the prospects for the Canberra housing market and does not expect the election to have a significant effect, though he does have some concerns.
But he remains confident of his expectation that Canberra house prices will reach record levels in 2013 - currently just 1% off previous peaks.
APM recorded a 0.7% rise in Canberra house price over 2012, with a strong finish to the year as prices rose 2.1% over the December quarter to a median of $566,000. Unit prices rose 3.8% over the December quarter to finish the year almost where they began at $415,000.
RP Data figures released to the end of January suggest this good finish spilled into the first month of 2013 with Canberra house prices up 1.4% and units up 2.5%
Wilson tells Property Observer the fundamentals of the Canberra housing market remain sound.
“There is an underlying shortage of accommodation which keeps demand ticking over, there are low rates and always stiff competition for property, “he says.
The concern though is unemployment, which trended upwards last year and has risen to around 4%
“We need to keep an eye of public service employment, levels, which can be a dampener on activity."
In this regard, a Labor win would be better news for the Canberra property market.
Wilson says Labor no longer being wedded to a budget surplus means that monetary and fiscal policy can start working the same direction.
However, a Liberal victory and a tightening of the public purse could spell further job cuts and do to Canberra what fiscal consolidation in Queensland (and thousands of public servant job cuts) have done to the Brisbane housing market.
“The Liberals are still talking about a budget surplus, which could play on the minds of voters,” says Wilson.
One market that may be impacted by the election is the new apartment market, which according to Colliers International is already plateauing and heading towards a situation of oversupply.
Houses predominate in Canberra, accounting for about three-quarters of the housing stock, but the apartment market is on the rise.
According to the census 2011, just under a quarter of dwellings (23%) in Canberra are apartments or townhouses, this compares with about 18% of dwellings five years ago.
Apartment projects require a certain level of pre-sales to receive financing so those that have achieved enough off-the-plan sales up to now will go ahead but others will likely be placed on hold until after the election.
Ariel Pollard, director of research at Colliers International, says there are seven projects comprising 673 apartments which are yet to commence.
“They are 44% sold and will be under threat of not going ahead if pre-sales for these projects are not met and further developments are taken to market”, she says.
But projects that have been completed or under construction are selling well with 91% and 86% sales rate respectively.
Despite a slowdown in the market, Colliers International says about 559 apartments were sold in the past six months with 76% located in the inner North.
The inner north comprises 14 suburbs and spans an area from the northern foreshores of Lake Burley Griffin, around to the ridges of Black Mountain, Mount Ainslie and Mount Majura.
The total number of apartments in the inner north increased 6% to 1,972 over the final six months of 2012.
Canberra photo by Michael Renner courtesy of <a target="_blank" href="https://www.flickr.com/">Flickr</a>.
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Canberra property market likely to tread water in election year, but not without uncertainty

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New home sales increased by 6.2% seasonally adjusted nationally in December 2012.
The year ended strongly as December sales increased for the third consecutive month, according to the Housing Industry Association (HIA).
The HIA has released its new home sales report surveying Australia's largest builders. The December quarter showed an uptick of 3.3% in new home sales, although the figure  was down 12.7% on the same quarter 2011.
“The promising headline rise last December was driven by both detached house and multi-unit sales,” says HIA economist Geordan Murray.
“Furthermore, if we look at the under-performing market for 2012 – detached houses – the December improvement was broad-based as sales increased in all but one of the surveyed states.
“However, the overall result for 2012 leaves plenty of room for improvement.
"Detached house sales were weak throughout the year and compared with 2011 were down by 22.7%,” says Murray.
“On the other hand, multi-units sales were the star performer of 2012."
Multi-unit sales recovered from the record lows endured in 2011 and increased by 24.1% over 2012.”
“It is hoped that further signs of an impending new home building recovery emerge in coming months. However, it remains the case that lower interest rates alone will not deliver a recovery of the magnitude required by Australia’s economy and population,” says Murray.
Detached house sales in December and the December quarter:
 
New South Wales:         (Dec) +7.1%     (Dec Qtr) +14.4%
Victoria:                           (Dec) +6.0%      (Dec Qtr) -8.4%
Queensland:                    (Dec) +3.8%      (Dec Qtr) -5.5%
Western Australia:       (Dec) +12.2%    (Dec Qtr) +2.5%
South Australia:           (Dec) -1.8%       (Dec Qtr) +9.3%
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New home sales on the rise: HIA

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Headline inflation rose just 0.2 % in the December quarter to an annual rate of 2.2% for 2012, according to ABS data released today.
This was below expectations of a 0.5% rise in headline inflation over the quarter to an annualised rate of 2.5%, according to an AAP survey of 15 economists.
Core or underlying inflation, watched most closely by the RBA, rose by a lower than expected 0.5% over the quarter to an annualised rate of 2.2%.
This is at the bottom end of the RBA's target inflation band of 2% to 3% and the lower than expected core reading will weigh into discussions about a possible rate cut in February.
However, <a href="https://www.propertyobserver.com.au/news/rba-likely-to-avoid-february-rate-cut-with-home-prices-up-13-since-start-of-year-craig-james/2013012258935?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=news" target="_blank">CommSec economist Craig James </a>says strong house price growth over January (up 1.3% over the first three weeks of the year) is likely to stay the RBA's hand in February.
"The latest data keeps the door open to a rate cut should it become necessary," says James.
"Financial markets see a 36% chance of a rate cut. CommSec believes that the Reserve Bank will leave interest rates unchanged in February.
James says the December quarter data indicates that "inflation is not an issue at present, meaning that rates can stay lower for longer".
"Inflation is well and truly contained and the Reserve Bank certainly has the scope to cut interest rates interest rates in February if it believes it is necessary. The low inflation result removes any lasting hurdle for the Reserve Bank to cut interest rates over the next few months," he says.
The Aussie dollar was unchanged at US105.55 cents.
The ABS figures show that the housing group rose 4.4% in the December quarter with rises in all categories.The main contributors to the rise were rents (+0.8%), maintenance and repair of the dwelling (+0.5%) and new dwelling purchase by owner-occupiers (+0.1%).
The most significant price rises in the December quarter 2012 were for domestic holiday travel and accommodation (+6.2%) and automotive fuel (+2.6%).
The most significant offsetting price falls were for vegetables (–5.7%), audio, visual and computing equipment (–4.3%) and pharmaceutical products (–3.5%).
NAB and ANZ had forecast a core inflation reading of around 0.7% for the quarter equating to an annualised rate of 2.4% to 2.5%.
According to NAB, a low core reading of 0.6% or below for the quarter is needed to sway the RBA to cut the cash rate in February rather than March.
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RBA interest rate watch: Inflation up 0.2% in December quarter, below expectations

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Rents soared in Perth and Darwin over 2012 but hardly moved in the other capital cities, according to the December quarter update from Australian Property Monitors (APM).
Rents are forecast to continue to rise in the two mining-driven cities as well as in Brisbane and Sydney in 2013, but Melbourne rents are expected to remain flat and could fall.
The top-performing rental growth market over 2013 was Darwin units, where weekly rents increased by 19.6% over the year from $525 to a median $550.
The second best performing market was Perth houses, which registered a 17.5% increase in weekly rents, from $450 to $470 per week.
Double-digit rental growth was also recorded for Perth units (up 14.3% to $400) and for Darwin houses (up 16.1% to $750).
According to November SQM Research figures, Darwin has a vacancy rate of 1.1% and Perth a vacancy rate of just 0.7%.
Sydney and Melbourne weekly rents were largely unchanged over the course of the year, with Sydney having a vacancy rate of 1.8% and Melbourne a vacancy rate of 3.2%.
<img alt="apmjan17" src="/images/stories/2013/01/apmjan17.jpg" width="470" height="440">
Darwin is the most expensive capital city market to rent either a house or a unit.
Perth and Brisbane offer the highest median rental yields for houses (5.27%), with the highest unit yields in Darwin (6.22%).
APM chief economist Dr Andrew Wilson says the increase in Perth rents is being driven by a wave of new arrivals, estimated at 1,500 people per week with high competition for available rentals and low supply of new properties over the past few years.
Similar demand and supply fundamentals are driving the Darwin market.
Wilson expects rental growth to continue in Perth, Darwin and Brisbane in 2013 and for rental growth to resume in Sydney
No rental growth is tipped for Melbourne, Adelaide, Canberra or Hobart, and Wilson says Melbourne rents could fall in 2013.
December quarter figures tell a similar story, with Brisbane also showing signs of rental growth.
Over the quarter, rents increased for Brisbane (2.6%) and Hobart (3.2%) houses, with Perth still the standout house rental market with a 4.4% quarterly gain.
Darwin was the strongest performing unit rental market over the quarter, with weekly rents in the Northern Territory capital city up 4.8% over the quarter, with unit rental gains also recorded in Perth (2.6%) and Brisbane (1.4%)
Nationally, median asking rents for houses was stable at +0.8%, and units the same at 0.2 per cent over the three months ending December 2012.
Commenting on the December quarter figures, Wilson says apart from Perth, Darwin and Brisbane, rents remain stable in other capital cities.
He says the improved rental situation in Sydney is due to reduced demand as a result of increased buyer activity – particularly from first-home buyers.
However, he says underlying demand for rental properties remains strong in Sydney due to a shortage of accommodation driven by a “chronic shortfall of new supply.
Melbourne remains the most tenant-friendly property market in Australia, with low competition for rental properties and a higher vacancy rate driven by a “solid supply of new accommodation".
The APM outlook differs with preliminary data from the <a href="https://www.propertyobserver.com.au/western-australia/perth-rental-market-intensity-eases-slighly-reiwa/2013011658797?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=news" target="_blank">Real Estate Institute of Western Australia</a> which reported Perth’s rental market showed signs of easing towards the end of 2012.
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Rents soaring in Perth and Darwin: APM

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The 155 failed and or frozen funds over the past six years had the one common factor – they all paid a research house to rate their product - according to research by the Association of Independently Owned Financial Planners (AIOFP).
The list covered all the failed and temporarily frozen registered managed investment schemes in Australia from January 2006 to November 2012. 
They ranged in magnitude and in asset class from the the small to Great Southern Agribusiness which was valued at about $4 billion.
The AIOFP executive director Peter Johnston has suggested financial planners were in a position to stop the conflicted practise of using research houses that accept payments from product manufacturers.
“The ASIC can only do so much to intervene in commercial terms. Advisers are the only faction that should be paying research houses and must start refusing to use research houses who accept payments from product manufacturers,” he told the Wealth Professional website.
The association was established in 1998 to differentiate the independently owned practices from the institutionally owned practices.
Institutions owned around 60% of the advice market in 1998 and the figure is now approaching 80%.
In 2011 the AIOFP suggested every adviser should be levied a yearly fee, say $1,000, managed by ASIC to fund a panel of research houses who only supply information to advisers and are not permitted to accept any payments from product manufacturers.
The panel would then also scrutinise all PDS's, which are not currently being checked for commercial viability by ASIC before market release.
"Unfortunately we have all been under the illusion that ASIC assess the PDS’s before market – they don’t, they continually say they don’t but no one is listening," said Peter Johnston.
"[Research houses] are unofficially empowered with the decision making role on which manufacturer’s products are good, bad or exceptional and whether they commercially survive.
"They have unfortunately become the unofficial ‘gate keepers’ of the industry with far too much power in our view," the website, wealthprofessionals.com.au reported.
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Failed and frozen funds all paid for research house ratings

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Approvals for private sector houses fell 0.3% in November to 7,518, according the latest ABS building approval figures.
This was the second successive month that approvals for new houses have fallen though October's 1.5% decline was upwardly revised to just a 0.2% fall.
Building approvals for houses fell in all states except WA, which managed a 6.8% rise in November.
Private sector house approvals fell in South Australia (-7.6%), Queensland (-4.9%), New South Wales (-2.2%) and Victoria (-0.2%).
Building approval figures are forward indicators of future construction activity and the November figures indicate little hope of a near-term pick-up for the struggling home building sector, except for those builders operating in WA.
Over the past 12 months to November building approvals for new houses are up just 0.5% despite five cash rate cuts over this period and NSW, Queensland and South Australian state governments incentivising the purchase of new homes by first-home buyers.
Despite little growth in house approvals over this period, CommSec economist Craig James suggested this was in line with "normal" activity.
"There is a lot of hand-wringing about home building, but the figures show activity is basically 'normal'," says James.
"The number of approvals to build new homes is currently in line with the decade average and actually 3% stronger than the 5-year average.
"Like a lot of the Australian data at present, the home building industry is actually operating fairly normally. Data out yesterday showed 'normal' growth of retail spending at large retailers, the jobless rate is low near 5% and broader economic growth is not far away from average or “normal” growth," he says.
Apartment approvals increased by 10.1% over November to 5,552 to be up 36.4% year-on-year.
Across both houses and units, dwellings approved rose 2.9% in November 2012, in seasonally adjusted terms, following a fall of 5.1% in the previous month mainly due to a strong 8.7% rise in Victoria 
"Victoria has been building the most dwellings (about 33% of the national total) for the past few years. So its movements control the national outcomes," says the Commonwealth Bank's Diana Mousina.
The value of total building approved fell 4.1% in November, in seasonally adjusted terms, and has fallen for two months.
The value of residential building rose 2.7% while non-residential building fell 14.4%.
The value of renovation approvals fell 2% in November, leaving it 6% lower for the year. 
"All told, total approvals outcome was in line with expectations, the ongoing weakness in private house approvals remains a concern," says Westpac.
Commenting on the November figures, Peter Jones, Master Builders Australia’s chief economist says the bounce in approvals is welcomed, but the nascent recovery has yet to move out of first gear.
“November’s headline increase in approvals appears to be narrowly based, reliant on an unsustainable spike in inner Melbourne units rather than any broad-based upswing.
“The danger is that the recovery could run out of steam as the impact of previous interest rate cuts appear to have failed in lifting new homebuyer confidence and underpinning a sustained housing recovery.
“Authorities are banking on a strong revival in residential building as the economy loses mining as its key driver. For this to eventuate, the Reserve Bank should cut interest rates at the next board meeting in February,” he says.
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