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

<html><body>
<h3>Top 50 areas in Australia by annual income</h3>
Toorak residents recorded the highest average income in Australia in 2009-10, according to<a href="https://www.propertyobserver.com.au/australian-capital-territory/australia-s-highest-income-suburbs-revealed-toorak-tops-the-list-followed-by-double-bay-bellevue-hill/2012112858152?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=news" target="_blank"> figures released </a>by the Australian Bureau of Statistics (ABS) with an average $132,252 income.
<table style="width: 528px;" border="0" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
<a target="_blank" href="/news">Toorak</a>
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
VIC
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
$132,252
</td>
</tr>
<tr>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
<a target="_blank" href="/news">Double Bay</a> - <a target="_blank" href="/news">Bellevue Hill</a>
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
NSW
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
$129,116
</td>
</tr>
<tr>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
<a target="_blank" href="/news">Mosman</a>
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
NSW
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
$126,956
</td>
</tr>
<tr>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
<a target="_blank" href="/news">Hunters Hill</a> - <a target="_blank" href="/news">Woolwich</a>
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
NSW
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
$123,869
</td>
</tr>
<tr>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
<a target="_blank" href="/news">Woollahra</a>
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
NSW
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
$120,199
</td>
</tr>
<tr>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
<a target="_blank" href="/news">Dover Heights</a>
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
NSW
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
$115,387
</td>
</tr>
<tr>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
<a target="_blank" href="/news">Rose Bay</a> - <a target="_blank" href="/news">Vaucluse</a> - <a target="_blank" href="/news">Watsons Bay</a>
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
NSW
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
$115,148
</td>
</tr>
<tr>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
<a target="_blank" href="/news">Cottesloe</a>
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
NSW
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
$113,892
</td>
</tr>
<tr>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
<a target="_blank" href="/news">Nedlands</a> - <a target="_blank" href="/news">Dalkeith</a> - <a target="_blank" href="/news">Crawley</a>
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
WA
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
$106,981
</td>
</tr>
<tr>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
<a target="_blank" href="/news">City Beach</a>
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
WA
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
$102,971
</td>
</tr>
<tr>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
<a target="_blank" href="/news">Willoughby</a> - <a target="_blank" href="/news">Castle Cove</a> - <a target="_blank" href="/news">Northbridge</a>
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
NSW
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
$102,791
</td>
</tr>
<tr>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
<a target="_blank" href="/news">Brighton </a>(Vic.)
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
VIC
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
$101,776
</td>
</tr>
<tr>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
<a target="_blank" href="/news">Paddington</a> - <a target="_blank" href="/news">Moore Park</a>
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
NSW
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
$100,337
</td>
</tr>
<tr>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
<a target="_blank" href="/news">Mosman Park</a> - <a target="_blank" href="/news">Peppermint Grove</a>
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
WA
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
$99,609
</td>
</tr>
<tr>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
<a target="_blank" href="/news">Balmain</a>
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
NSW
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
$98,734
</td>
</tr>
<tr>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
<a target="_blank" href="/news">Lindfield </a>- <a href="/news">Roseville</a>
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
NSW
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
$97,633
</td>
</tr>
<tr>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
<a target="_blank" href="/news">North Sydney</a> - <a target="_blank" href="/news">Lavender Bay</a>
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
NSW
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
$97,038
</td>
</tr>
<tr>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
<a target="_blank" href="/news">East Melbourne</a>
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
VIC
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
$95,349
</td>
</tr>
<tr>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
<a target="_blank" href="/news">Gordon</a> - <a target="_blank" href="/news">Killara</a>
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
NSW
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
$94,339
</td>
</tr>
<tr>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
<a target="_blank" href="/news">Albert Park</a>
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
VIC
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
$91,871
</td>
</tr>
<tr>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
<a target="_blank" href="/news">Ascot</a>
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
WA
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
$90,945
</td>
</tr>
<tr>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
<a target="_blank" href="/news">Hamilton</a> (Qld)
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
QLD
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
$90,900
</td>
</tr>
<tr>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
<a target="_blank" href="/news">Claremont </a>(WA)
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
WA
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
$90,534
</td>
</tr>
<tr>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
<a href="/news">Swanbourne</a> - <a target="_blank" href="/news">Mount Claremont</a>
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
WA
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
$90,517
</td>
</tr>
<tr>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
<a target="_blank" href="/news">Armadale</a>
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
VIC
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
$89,534
</td>
</tr>
<tr>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
<a target="_blank" href="/news">Cremorne</a> - <a target="_blank" href="/news">Cammeray</a>
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
NSW
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
$88,512
</td>
</tr>
<tr>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
<a target="_blank" href="/news">Terrey Hills</a> - <a target="_blank" href="/news">Duffys Forest</a>
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
NSW
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
$87,676
</td>
</tr>
<tr>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
<a target="_blank" href="/news">Red Hill</a> (ACT)
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
ACT
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
$87,496
</td>
</tr>
<tr>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
<a target="_blank" href="/news">Forrest</a>
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
ACT
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
$87,488
</td>
</tr>
<tr>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
<a target="_blank" href="/news">Griffith </a>(ACT)
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
ACT
</td>
<td style="background-color: #caffff; width: 200px; border: #009894 1px solid;" valign="bottom">
$87,473
</td>
</tr>
</tbody></table>
Source ABS, ATO</body></html>

jchancellor-FAypfDUnLy

Australia's 50 highest income earning suburbs

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Toorak residents recorded the highest average income in Australia in 2009-10, according to figures released today by the Australian Bureau of Statistics (ABS) with an average $132,252 income.
Then followed Double Bay-Bellevue Hill residents which recorded the highest average income in NSW in 2009-10. It comes from data from the Australian Taxation Office which breakdowns information such as personal income by wage and salary, investment, superannuation and annuities. The top four earning regions in NSW were the Sydney regions of Double Bay - Bellevue Hill, coming in top with an average total income of $129,116, then Mosman on $126,956, Hunters Hill - Woolwich on $123,956 and Woollahra on $123,869.
After Toorak, Victoria’s top five earning regions was made up of Brighton on $101,776, East Melbourne on $95,349, Albert Park on $91,871 and Armadale on $89,534 per annum.
Overall, the average total income for the state of NSW is $50,328 which is higher than the national average of $48,530.
The average total income for the state of Victoria is $47,623.
The top five earning regions in Queensland all fall in the greater Brisbane region with Ascot the highest with an average of $90,945, followed by Hamilton on $90,900, Bulimba on $74,206, Hawthorne on $73,928 and Bardon on $73,579.
South Australia’s top five earning regions all fall in the Greater Adelaide region with North Adelaide the highest with an average of $75,574, followed by Walkerville on $74,296, Glenside - Beaumont on $68,892, Unley - Parkside on $66,466 and Toorak Gardens on $65,999.
Cottesloe residents recorded the highest average income in Western Australia in 2009-10, at  $113,892, with the beach-side suburb being the only region outside of New South Wales and Victoria to have an average total income exceeding $110,000. The next highest income earners in Perth were Nedlands - Dalkeith - Crawley on $106,981, City Beach $102,971 and Mosman Park - Peppermint Grove on $99,609.
Tasmania’s top five earning regions were the greater Hobart suburbs/regions of Sandy Bay with an average total income of $59,002, followed by Mount Nelson - Dynnyrne on $54,660, Taroona - Bonnet Hill on $51,476 and South Hobart - Fern Tree on $51,129.
“From a state and territory perspective, the Australian Capital Territory recorded the highest average total income of $58,034 this was followed by Western Australia on $53,397. New South Wales was ranked fourth”, said <a target="_blank" href="https://www.abs.gov.au/ausstats/abs@.nsf/Latestproducts/6524.0.55.002Main%20Features12009-10?opendocument&amp;tabname=Summary&amp;prodno=6524.0.55.002&amp;issue=2009-10&amp;num=&amp;view=">ABS Director of the Rural and Regional National Statistics Centre, Lisa Conolly</a>.
 
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Australia's highest income suburbs revealed: Toorak tops the list followed by Double Bay-Bellevue Hill

<html><body>
Woolworths Limited's property spin-off SCA Property Group listed on the ASX today.
Closing the first day's trade at $1.44, it was at a small premium to its placement price.
There was a placement to institutional investors at $1.40 a share last week.
It opened trading at A$1.405. It holds 69 shopping centres in Australia and New Zealand.
Shareholders will receive one stapled unit in the property group for every five shares they hold in Australia’s largest retailer as of November 30.
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Woolworths Limited's property spin-off SCA Property Group lists at a small premium

<html><body>
The weak October result was broad based, according to RP Data.
{qtube vid:=i6DkJm7Z-Gc&amp;feature=player_embedded}
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tlawless-5VLUrbAk9s

Capital city dwelling values ease 1% in October: RP Data's Tim Lawless

<html><body>
RP Data has ascertained the 20 local government areas across Australian with the highest proportion of homes sold for under $400,000.
Over the past year, almost half of all house and unit sales in Australia were transacted at prices less than $400,000,  RP Data research analyst Cameron Kusher says.
"The good news is that across most regions at least 30% of home sales over the past year have been at prices below $400,000, highlighting there remains opportunities for price sensitive purchasers.
"These opportunities, particularly in capital city and coastal markets, are more prevalent in the unit market or within the outer suburbs where property prices tend to be lower."
Throughout Australia, 48.3% of all homes sold were at prices below $400,000.
Within the combined capital cities, just 37.2% of all sales were at a price below $400,000.
"Clearly, it will be a stretch for buyers on a below average wage to enter into most capital city housing markets," Kusher notes.
"An option for a buyer in this particular group may be to choose to look outside the capitals and focus on more affordable options such as units or purchasing with a partner," Kusher says.
 
Proportion of homes sold for under $400,000
Region State Proportion of sales &lt;400K
Far West NSW 98.6%
Mallee VIC 96.6%
Wimmera VIC 95.8%
Upper Great Southern WA 94.5%
Northern NSW 94.0%
Central West QLD 93.9%
Murray Lands SA 93.6%
Ovens-Murray VIC 92.9%
Murray NSW 92.7%
South East SA 92.1%
Goulburn VIC 92.0%
Mersey-Lyell TAS 91.9%
Murrumbidgee NSW 91.8%
East Gippsland VIC 91.2%
North Western NSW 90.4%
Central West NSW 89.3%
Northern SA 88.6%
Eyre SA 88.6%
Northern TAS 87.7%
Central Highlands VIC 87.6%
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Go bush: The 20 municipalities with the highest number of under $400,000 buying prospects: RP Data

<html><body>
The outlook for the commercial property sector has turned gloomier, with a recovery in the retail property sector at least two years away, according to the latest sentiment survey by NAB.
Across all sectors the index hits new low of -19 points in the third quarter of 2012 “as the domestic economy passes through a soft patch, with business conditions weaker and forward indicators concerning”.
The outlook remains strongest for CBD hotels, with capital values expected to rise 3.8% over the next two years, followed by industrial assets (up 2.8%) and offices (up 1.8%).
Click to enlarge
<a title="Click to enlarge" rel="shadowbox" href="/images/stories/2012/11/nabnov8.gif"><img src="/images/stories/2012/11/nabnov8thumb.gif"></a>
Retail property participants in the quarterly survey remain the least optimistic and expect capital values to fall 1% over the next 12 months before improving be down 0.2% over the next two years.
Results of the survey suggest that the retail property market could start turning the corner around September 2014, with the pace of decline in rents and capital values slowing over the next two years.
Rents aren’t expected to offer much comfort over this period, falling 2.1% over the next year before improving to be down 0.8% over the next two years.
Over the next two years, the poorest retail property outlook is in Victoria, where capital values are forecast to fall 1.6%.
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The outlook is not much better for NSW retail property, with values forecast to fall marginally over the next two years (-0.7%) with rents down 1.5%.
The outlook for capital values and rents is better in the resource states of WA and Queensland as well as in the combined Northern Territory/ South Australia market.
The quarterly survey is based on the responses of around 250 commercial property participants including real estate agents, property developers, fund managers, owners and investors.
According to respondents, consumer confidence is still the biggest challenge facing property firms but concerns over government regulation/red-tape and stock levels also a growing challenge. 
Business costs are expected to have the biggest impact on commercial property businesses over next year with interest rates and global economic volatility also a major concern.
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No recovery for retail property sector for at least two years: NAB 

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Two-and-a-half months after he was unceremoniously sacked as Mirvac CEO, Nick Collishaw says he is still waiting for an explanation for his  sudden dismissal.
Collishaw’s last day at Mirvac was October 31 with new CEO Susan Lloyd-Hurwitz taking on the role this week.
In an interview with the Australian Financial Review, Collishaw described his abrupt dismissal as “bizarre”.
He said he was told of his dismissal on the morning of August 15, the same day Mirvac made the announcement to the ASX and also when it <a target="_blank" href="https://www.propertyobserver.com.au/news/mirvac-s-nick-collishaw-surprise-departure-that-hands-reins-to-susan-lloyd-hurwitz/2012081556038">named Lloyd-Hurwitz as his successor</a>.
Collishaw says his performance as CEO over four years – including guiding Mirvac through the worst of the GFC - did not warrant his sudden dismissal.
However he did not endorse a campaign by some Mirvac shareholders to unseat chairman James Mackenzie.
Commenting on his dismissal, Collishaw said: “[It is] pretty bizarre of a chairman to dismiss the CEO on the same day he presents the new CEO,” he said.
“The reasons for my departure remain unclear.”
On the morning of his dismissal Collishaw said he had a brief conversation with MacKenzie.
“He just said that the board has decided to go in a different direction and we think there is a better person to lead the company.”
Collishaw said he he had no intention of challenging the decision.
“I knew it wasn’t worth arguing, once [MacKenzie] had made his mind up. He is the chairman and wields ultimate power,” Collishaw said.
Collishaw delivered a 2012 full year profit of $416 million a 128% increase on the previous financial year including a $21 million profit from the sale of Mirvac’s hotel management business.
Collishaw called the results “very pleasing” and said they had been achieved at a time when “many parts of the property market are not buoyant”.
Not pleasing enough for chairman James MacKenzie and the Mirvac board who had already announced Collishaw’s dismissal six days earlier.
Mirvac shareholders will have the opportunity to put further questions to MacKenzie and Lloyd-Hurwitz at it AGM next week on November 15 in Sydney.
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Ex-Mirvac boss Nick Collishaw still waiting for answers on sudden departure

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The nation’s construction activity declined further in October albeit it at a slower rate, according to the Australian performance of construction index from the Australian Industry Group and the Housing Industry Association.
October was the 29th month of declining activity, marking almost two and a half years of hardship for the construction industry.
The Housing Industry Association chief economist, Harley Dale suggested the period extending to 29 consecutive months represented a "blight" on Australia’s economic performance and had made it difficult to find any glimmer of hope for the construction industry.
But the director of public policy at the Australian Industry Group, Dr Peter Burn, said while the construction industry, and particularly the commercial and residential sub-sectors, were still contracting, the pace of decline had turned for the better in October.
“This was most noticeable in the long-suffering housing building sub-sector where a combination of lower interest ratest and a shift in the focus of new home buyer support have helped slow the pace of construction.” he said.
In particular, new orders and supplier deliveries declined less than in previous months.
"The residential and commercial sub-sectors still have a lot of recovering to do with construction activity, new orders and employment all remaining in the red," Dr Burn said.

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Construction activity declines in October making 29 consecutive months

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The Reserve Bank may have kept interest rates on hold at 3.25% yesterday, but economists are still expecting the central bank to adjust the official cash rate downward – borrowers and businesses just may have to wait until next year to see it happen.
The move has been criticised by business groups, especially retailers, which claim the RBA is letting down the economy by refusing to cut rates two months in a row. This is despite the fact the bank itself suggested the world economic outlook is improving.
AMP economist Shane Oliver said this morning the economic situation in Australia warrants a cut – and sooner rather than later.
"I think the case for cutting is really to bolster the economy," he says. "I think they're taking slightly more of a wait-and-see approach, but I'm confident that rates need to go lower for standard mortgage and small business rates."
Oliver says it's "definitely going to happen", and has pencilled in a December rate cut.
But others disagree. CommSec economist Craig James, who previously had expected the RBA to cut rates either this month or next, is now expecting a 25 basis cut early next year.
"Is this the final rate cut? Hopefully, yes – that would indicate a better global and domestic economic climate. But we aren't totally convinced, and are pencilling in the risk of a 25 basis point cut early in 2013."
"The seeds of an economic upturn have been planted, now we have to wait for green shoots to appear. But it all depends on the confidence levels of businesses and consumers."
The disappointment among businesses is curious – a rate cut from the RBA would reinforce the idea the economy is still struggling, even after signs of life have emerged among consumers.
As James points out, rate cuts may not be enough to help the economy, especially when consumers may need to be given some stability when it comes to interest rates. "Confidence and expectations will be all-important on whether further cuts are required," James said.
"The missing ingredient is confidence. Add in the fact that the Aussie dollar remains high, despite an easing in commodity prices, and the Reserve Bank may be forced to consider different strategies."
Commonwealth Bank economist Michael Blythe also said he expects the RBA to wait until after inflation readings are released in January.
This view hasn't taken hold among business groups, which have blasted the RBA for refusing to cut rates two months in a row.
The Australian Chamber of Commerce and Industry said in a statement the lack of a rate cut was a "disappointment", citing its own survey that shows SMEs are struggling.
"ACCI is firmly of the view that another rate cut is needed, given weakness in the mainstream economy and the flow-on impact of ongoing global uncertainty."
The Australian Retailers' Association took a darker view, with executive director Russell Zimmerman saying the industry could forget about a "bumper" Christmas.
"The decision will be disappointing to retailers at a time when good sales are essential to get through Christmas and given many retailers rely on the festive season and its lead up to make the bulk of their sales."
Zimmerman's harsh assessment comes after retail data showed department stores suffered their biggest quarterly fall in sales in seven years.
This article first appeared on Smart Company. 
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2013 RBA rate cut looms most likely

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Brisbane was the only capital where the pace of residential property sales slowed during October, according to Australian Property Monitors.
It was a dramatic tunraround for Brisbane given its September results.
Stock was selling faster - or equally as fast in Melbourne and Canberra  - in most capital city markets over October.
The biggest improver was Perth were the time on market dropped from 120 days to 110 days.
Canberra remained the quickest, Clinton McNabb at Australian Property Monitors said.
 
 
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