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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A 1930s early Canberra residence that was recently renovated has sold for $1.45 million at its weekend auction.

It was built to a 1926 prototype, the most expensive of five housing styles that were permitted by the agency set up to build Canberra.

The Federal Capital Commission was set up to further construct Canberra from 1925 and prepare it for the arrival of civil servants. The FCC took over from the Federal Capital Advisory Committee, which took over from Walter Burley Griffin. The FCC was disbanded in 1930 with the onset of the Great Depression.
The <a href="https://www.luton.com.au/index.cfm?pagecall=property&amp;propertyID=2175549&amp;realestate=17_Hann_Street_GRIFFITH_ACT_2603" target="_blank">Hann Street, Griffith, property</a> was originally built at a cost of £2000 and had been expected between $1.3 to $1.5 million.
The FCC had 26 approved house designs. Some, like the type 13 on Hann Street, were rarely built.
The two-storey house was built in 1938 with a sleep-out, a contemporary kitchen, large living room and front and back verandas.

The façade of the building revealed the trappings of a senior public servant lifestyle with its Dutch-gable roof line, overhanging eaves and stylish window treatments.

The property was sold by Luton Property agent Richard Keeley, REIA residential sales person of the year 2012.

Vendor Mark Stevens bought the property in 2002 for $720,000. Prior to that it traded for $410,000 in 1996 and $467,000 in 1993.

In 2008, Stevens unsuccessfully tried to sell the property for $1.66 million despite it being on the market for 288 days. Stevens had another crack at selling in 2011 with an initial asking price of $1.7 million.

Stevens bought the property in a run-down condition and has renovated over the last decade.

He bought the property from the New Zealand government.

The property sold to a family hoping to owner occupy.

Canberra was established in 1913 and built over various stages of central planning over the next century with an eight-year hiatus during the Great Depression.

Canberra celebrates its 100th anniversary next year.
The following pictures on page 2 show most of the 26 house designs produced by FCC architects.
 
<hr class="system-pagebreak">
 
 
<a target="_blank" href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=4029313&amp;SE=1">Type 1</a>

<img src="/images/stories/2012/10/type1.jpg">
 
<hr>
 
<a target="_blank" href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=4029316&amp;SE=1">Type 2 </a>

<img src="/images/stories/2012/10/type2.jpg">
 
<hr>
 
<a target="_blank" href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=3102033&amp;SE=1">Type 3 </a>

<img src="/images/stories/2012/10/type3.jpg">
 
<hr>
 
<a target="_blank" href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=4029303&amp;SE=1">Type 4</a> 

<img src="/images/stories/2012/10/type4.jpg">
 
<hr>
<a target="_blank" href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=3131038&amp;SE=1">Type 5</a> 


<img src="/images/stories/2012/10/type5.jpg">
 
<hr>
 
<a target="_blank" href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=1964878&amp;SE=1">Type 7</a>

<img src="/images/stories/2012/10/type7.jpg">
 
<hr>
 
<a target="_blank" href="https://www.images.act.gov.au/duslibrary/imagesact.nsf/V01/9E9CF4A9B767CB104A256EA9001CEE1C?OpenDocument">Type 8</a> 
<img src="/images/stories/2012/10/type8.jpg">
 
<hr>
 
<a href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=4029254&amp;SE=1" target="_blank">Type 9</a> 

<img src="/images/stories/2012/10/type9.jpg">
 
<hr>
 
<a href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=4029311&amp;SE=1" target="_blank">Type 10 </a>

<img src="/images/stories/2012/10/type10.jpg">
 
<hr>
 
<a href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=1964737&amp;SE=1" target="_blank">Type 11 </a>

<img src="/images/stories/2012/10/type11.jpg">
 
<hr>
 
<a href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=1975298&amp;SE=1" target="_blank">Type 15 </a>

<img src="/images/stories/2012/10/type15.jpg">
 
<hr>
 
<a href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=4029253&amp;SE=1" target="_blank">Type 19 </a>

<img src="/images/stories/2012/10/type19.jpg">
 
<hr>
 
<a href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=3131036&amp;SE=1" target="_blank">Type 20</a>

<img src="/images/stories/2012/10/type20.jpg">
 
<hr>
 
<a href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=3103044&amp;SE=1" target="_blank">Type 21 </a>

<img src="/images/stories/2012/10/type21.jpg">
 
<hr>
 
<a href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=3130900&amp;SE=1" target="_blank">Type 22</a>

<img src="/images/stories/2012/10/type22.jpg">
 
<hr>
 
<a href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=3130739&amp;SE=1" target="_blank">Type 23 </a>
<img src="/images/stories/2012/10/type24.jpg">
 
<hr>
 
<a href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=3130901&amp;SE=1" target="_blank">Type 24</a>

<img src="/images/stories/2012/10/type24.jpg">
<hr>
<a href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=3098073&amp;SE=1" target="_blank">Type 25 </a>

<img src="/images/stories/2012/10/type24.jpg">
 
<hr>
 
<a href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=3099939&amp;SE=1" target="_blank">Type 26 </a>

<img src="/images/stories/2012/10/type26.jpg">
</body></html>

awalsh-7Ub9EypybQ

A 1920s Canberra prototype home sells for $1.45 million

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 The Retirement Village Association and Property Council of Australia have announced their intention to merge.
Property Council of Australia chief operating officer Ken Morrison says the merger will give the industry body political muscle.
"With Australia set to have 5 million people over the age of 65 within 30 years, we need responsive and focused housing options for older people in this country," Morrison said.
The two boards have agreed to create a new leadership group – the Retirement Living Council – as a division of the Property Council to spearhead advocacy for the industry.
It will have represenatives of 20 of Australia’s leading for-profit and not-for-profit retirement industry firms.
"After months of productive discussions, the RVA and Property Council Boards have now unanimously endorsed a model to merge our two organisations, bringing together the breadth and experience of the RVA with the strength of the Property Council’s advocacy and member services around the country," said RVA chief executive Andrew Giles.
Giles said that the next step will be further consultation with RVA members before a formal resolution put to the AGM at the RVA National Conference on November 14.
"This package has been designed to benefit the whole industry - from the small-scale operators to the largest institutions," Giles said.
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jchancellor-FAypfDUnLy

The Retirement Village Association and Property Council of Australia to merge 

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Gungahlin in the outer north of Canberra is the ACT suburb with the highest rental yield for units, according to information provided by RP Data.
The suburb has a median rental yield of 6.85% with a median weekly rent of $440 and a median price of $334,000.
Canberra city is the number two, with a median rental yield of 6.67%, a median weekly rent of $577.5 and a median price of $450,000.
Five of the suburbs have yields above 6%.
<table width="463" cellspacing="0" cellpadding="0" border="0">
<colgroup>
<col width="64">
<col width="92">
<col width="88">
<col width="86">
<col width="133">
</colgroup>
<tbody>
<tr height="20">
<td width="64" height="20">Postcode</td>
<td width="92">Suburb</td>
<td width="88">Median Price</td>
<td width="86">Median Rent</td>
<td width="133">Median Rental Yield</td>
</tr>
<tr height="20">
<td height="20" align="right">2912</td>
<td><a href="/news">GUNGAHLIN</a></td>
<td align="right">$334,000</td>
<td align="right">$440</td>
<td align="right">6.85%</td>
</tr>
<tr height="20">
<td height="20" align="right">2601</td>
<td><a href="/news">CITY</a></td>
<td align="right">$450,000</td>
<td align="right">$578</td>
<td align="right">6.67%</td>
</tr>
<tr height="20">
<td height="20" align="right">2612</td>
<td><a href="/news">BRADDON</a></td>
<td align="right">$424,000</td>
<td align="right">$500</td>
<td align="right">6.13%</td>
</tr>
<tr height="20">
<td height="20" align="right">2617</td>
<td><a href="/news">BRUCE</a></td>
<td align="right">$398,750</td>
<td align="right">$465</td>
<td align="right">6.06%</td>
</tr>
<tr height="20">
<td height="20" align="right">2902</td>
<td><a href="/news">KAMBAH</a></td>
<td align="right">$380,000</td>
<td align="right">$440</td>
<td align="right">6.02%</td>
</tr>
<tr height="20">
<td height="20" align="right">2612</td>
<td><a href="/news">TURNER</a></td>
<td align="right">$436,500</td>
<td align="right">$498</td>
<td align="right">5.93%</td>
</tr>
<tr height="20">
<td height="20" align="right">2913</td>
<td><a href="/news">PALMERSTON</a></td>
<td align="right">$380,000</td>
<td align="right">$430</td>
<td align="right">5.88%</td>
</tr>
<tr height="20">
<td height="20" align="right">2906</td>
<td><a href="/news">BANKS</a></td>
<td align="right">$375,000</td>
<td align="right">$420</td>
<td align="right">5.82%</td>
</tr>
<tr height="20">
<td height="20" align="right">2606</td>
<td><a href="/news">PHILLIP</a></td>
<td align="right">$429,000</td>
<td align="right">$480</td>
<td align="right">5.82%</td>
</tr>
<tr height="20">
<td height="20" align="right">2906</td>
<td><a href="/news">GORDON</a></td>
<td align="right">$369,000</td>
<td align="right">$413</td>
<td align="right">5.81%</td>
</tr>
</tbody>
</table>
Source:<a href="https://www.myrp.com.au/" target="_blank"> RP Data</a> 
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Gungahlin tops list of 10 ACT suburbs with highest unit rental yields: RP Data

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A lack of leasing transparency in Victoria, WA and South Australia is hurting smaller retailers and discouraging international retailers from setting up in these states, according to leasing information provider Leasing Information Services (LIS).
Simon Fonteyn, director of LIS, says he is aware of at least one overseas retailer who is reconsidering entry into the Australian market due to a lack of information about leasing costs in these three states.
There is no requirement for leases to be registered in Victoria, WA or South Australia.
In NSW and Queensland retail leases must be registered with the Land Titles Office and then become a public document, which anyone can access to learn more about the market.
Fonteyn told the Australian Financial Review this lack of transparency “was creating a lost opportunity for these states” when it comes to attracting global retailers.
He says there evidence suggest that there leases are being mispriced in markets and particularly hurting smaller retailers who often ended up paying too much rent.
Smaller retailers, Fonteyn says, lack the informal networks needed to operate in states where data was not readily available.
The recent Productivity Commission inquiry into retailing found evidence that smaller retailers were paying higher rents in shopping malls compared to larger tenants.
In its submission to the inquiry, Westfield admitted that major tenants such as supermarkets and department stores had a strong negotiating position and pay lower rents per square metre than smaller retailers, but said they contributed more capital to the construction of the store, “take longer-term leases, up to 30 years in some cases, and take much larger stores”.
The government’s response to the Productivity Commission inquiry supported the states and territories examining whether to introduce a one-page summary of key lease terms and conditions to address the imbalance between landlords and retailers.
Russell Zimmerman, executive director of the Australian Retailers Association agreed with Fonteyn that retailers, who are unable to find out how much rent their competitors are paying were at a disadvantage when negotiating with landlords.
According to Zimmerman, NSW has the best model of lease registration but it could be more transparent by disclose incentives such as assistance with marketing and rent-free periods.
Western Australia is currently consulting with the industry on ways to improve access to retail lease information and is seeking submissions by July 25.
 However, there is resistance to the idea of lease registration in Victoria over concerns that it will cause delays and make leasing transactions more expensive.
South Australia has no plans to consider requiring lease registration.
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lschlesinger-FZcF9M3vE6

Lack of leasing transparency in Victoria, WA and SA hurting overseas investment and smaller retailers

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An Organisation for Economic Co-operation and Development senior official has warned that Australia was vulnerable to "worrying" falls in house prices.
The economist Adrian Blundell-Wignall said Australia was so interconnected to the global economy that it would not escape any continued international fallout.
“The world is so globalised and interconnected that if it goes down, things will get much worse for Australia,” Dr Blundell-Wignall said on a visit to Australia, as reported by the Australian Financial Review this morning.
“The biggest problem for Australia that worries me personally is house prices.”
“The first time unemployment starts to rise, house prices are going to be falling.”
His comments comes as the ABS unemployment rate rose slightly to 5.2% in June, and capital city house prices have fallen by an average of about 3.7% over the past year.
Blundell-Wignall used the example of his brother who had recently bought a small apartment in Perth for $340,000.
“In a country like France, in a very nice city, you can buy something three of four times better than that [for the same price],” he said.
Blundell-Wignall, who once headed the research department at Reserve Bank of Australia, warned in pre-gfc 2007 that there was a giant rolling bubble of excess liquidity moving from market to market, inflating asset prices that would burst with devastating consequences.
In 2009 he suggested the global financial crisis was far from over and that the world faced a serious risk of another credit crunch and a double-dip recession. 
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'The first time unemployment starts to rise, Australian house prices are going to be falling': OECD official

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Fund manager and non-bank lender Provident Capital Limited has been placed in the hands of receivers PBB on the orders of the Federal Court.
 The court order follows Provident’s $120 million fixed interest debenture fund being temporarily frozen last month with 3,500 small-time investors having an average of $30,000 invested in the fund.
 A report last month by PPB found a $28 million gap between Provident’s property valuations and PPB’s assessments.
 The court appointed Phil Carter, Tony Sims and Marcus Ayres of PPB Advisory as receivers following an application by Australian Executor Trustees Limited (AET), a trustee for Provident Capital debenture holders.
AET expressed concerns in court, supported by ASIC, that there a “deficiency in [Provident’s] net tangible assets available to meet the claims of debenture holders”.
 Property Observer understands the receivers will be seeking to ensure an equitable return for all investors which have investments that mature at different points in time.
 A meeting of debenture holders is scheduled to take place in a month’s time.
 The appointment of receivers was contested by Provident Capital.
 AET began its court proceedings two weeks ago.
Provident operated as a registered managed investment scheme raising money from investors through fixed-term investments, a high-yield mortgage fund a monthly income mortgage fund.
The money raised was then on-lent to property developers – mainly in NSW and Queensland, with News Limited reporting that these including Warren Anderson, Donna Batiste, and Paul Hanna.
 Many of these mortgages have not performed while the assets secured against them have also devalued in some cases.
Provident provided a range of mortgage products and positioned itself as specialist lender in the low-doc space.
According to receivers PBB, there are 3,500 debenture holders who have invested in Provident Capital’s debenture product. 
Half-year results to December 31, 2011 show that Provident Capital made a $9 million loss with its equity capital ratio 10 times lower than the benchmark set by the corporate regulator.
Have you invested in Provident Capital debentures or do you have a Provident Capital mortgage? Send an email to Property Observer with any news or thoughts:<a href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a>
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Fund manager and mortgage lender Provident Capital placed in receivership following court order to protect small-time investors

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ING Direct is offering a rate cut to new borrowers who can provide a hefty 20% deposit with their mortgage applications.

The country’s fifth biggest mortgage lender will offer reduced variable mortgage rates on its Orange Advantage and Smartpack Mortgage Simplifier products from July 9.

The biggest rate cut will be on offer for borrowers who borrow more than $500,000 on a loan-to-value ratio (LVR) of less than 80%, with ING Direct reducing interest rates by 28 basis points from 6.16% to 5.88%.

ING Direct will reduce interest rates by 18 basis points on loans between $250,000 and $500,000 provided the LVR is above 80%.

<img src="/images/stories/2012/07/ingjuly3.gif">
To get the maximum reduced rate of 5.88% borrowers would need to have a deposit in excess of $125,000 to get a $500,000 loan on a property valued at $625,000 – a loan to value ratio of 80%.

“We’re looking to attract additional sub 80% LVR business and this pricing structure will make us more attractive to upgraders and investors, says Mark Woolnough, head of broker distribution at ING Direct.

Woolnough says the bank has also reduced the minimum lending threshold under Orange Advantage and SmartPack from $300,000 down to $250,000, which he says will appeal to a wider market.

“Whilst we’ve made various improvements to our service proposition this year, we certainly haven’t overlooked the importance of sharply priced, competitive products, and these changes highlight this,” he adds.

Woolnough says the changes have been made following consultation with its mortgage broker partners.

ING Direct uses brokers and the internet to distribute its mortgages.

In June, Lisa Claes, executive director of direct business at ING Direct, told Property Observer the bank was not driven by market share targets, “but by a sustainable growth proposition”.

“We want to grow our mortgage book responsibly – we are happy with where we are, but we are not complacent,” she said.
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ING Direct to offer cheaper rates to new borrowers who can provide 20% deposit

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The construction sector has received a boost with the number of dwellings approved for construction rising 27.3% in May on a seasonally adjusted basis, according to ABS estimates.
 The May rise follows a 7.6% fall in April.
 The value of total building approved rose 43.4% in May after falling for 3 months with the value of residential building rising 26.8% while non-residential building rose 71%.
 The rise in dwelling approvals was driven by a number of large private sector projects in New South Wales, Victoria, and the Australian Capital Territory, says the ABS.
The strongest gains were recorded in Victoria where building approvals rose 31.8% in May followed by New South Wales (25.1%), Western Australia (24.8%), South Australia (16.2%) and Queensland (10.3%).
Building approvals fell by 12.1% in Tasmania.
Approvals for private sector houses rose 8.7% in May led by South Australia (16.5%), Western Australia (13.2%), Queensland (12.3%), Victoria (6.5%) and New South Wales (3%).
Commenting on the May figures, Julene Lee  from Westpac economics says that while overall, "the spectacular headline rise in dwelling approvals may exaggerate the situation...there is enough strength left over to indicate a material improvement in conditions".
"Dwelling construction activity will still fall in a 'hole' through the middle of this year, particularly in Victoria, but the May approvals data suggests there is likely to be a recovery on the other side," Lee adds.
Peter Jones, chief economist for Master Builders Australia says the figures are welcome relief for industry "but it is too early to confirm the results as the beginning of a sustained recovery".
“The figures are certainly good news for an industry in survival mode. They suggest the recent Reserve Bank interest rate cuts and various state government housing incentives may be starting to take hold.
“Despite the positive signs, it is too early to declare the industry on the recovery path from what has been a prolonged period of downturn. Key forward indicators remain down and the multi-unit sector is notoriously volatile," he says.
Jones says "more easing of monetary policy is required to further boost confidence and encourage a return of new home buyers into the market".
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Victoria leads 27.3% resurgence in building approvals in May: ABS

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Mortgage broker AFG recorded a noticeable jump in borrowers refinancing their mortgages in June, though the total number and value of mortgage arranged fell back following a very strong May.
AFG’s loan writers arranged 6,690 mortgages in June worth $2.64 billion, compared with 7,635 in May worth just over $3 billion.
The proportion of borrowers refinancing rose from 35.8% in May to 39.1% in June – almost two in five mortgages – as borrowers took advantage of lower interest rates on offer.
Mark Hewitt, general manager of sales and operations at AFG, says refinancing is currently very strong as borrowers take advantage of a more competitive market to secure a better deal.
AFG recorded that the popularity of fixed-rate home loans has fallen to its lowest point since September last year.
Fixed-rate loans peaked at 25.4% of all home loans arranged in March this year – the highest such level AFG has ever recorded.
Since then, there has been a steady decrease in borrowers looking to fix rates, and in June 16.5% opted for a fixed-rate mortgage.
“It’s significant that, as we begin a new financial year, the vast majority of borrowers are opting not to lock in an interest rate. Most see a period of stable or even softer rates for the foreseeable future,” says Hewitt.
{module What do you intend to do given the current interest rate fluctuations?}
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Refinancing borrowers take advantage of competitive market in June: AFG

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Canberra unit prices were one of the stronger-performing property markets in 2011, with only a small correction in prices.
Century 21 chairman Charles Tarbey and SQM Research director Louis Christopher say the Canberra unit market is heavily tied to the civil service and the government in power.
However, as units are generally more affordable than houses, the unit market outlook is fairly rosy.
According to Colliers, current building approval figures and the large number of projects expected to come onto the market over the next three years suggest an oversupply of apartments is looming.
“However, the requirement for developers to obtain high levels of pre-commitments in order to receive financing for new residential projects is expected to create a barrier to entry for many projects,” says Colliers.
<img src="/images/stories/clockcanberraunits.jpg">
Time: Six o'clock
Set within a framework of particularly low vacancy rates, increasing rents and greater-than-average population growth, Colliers says new stock can be adequately absorbed by the market.
“Colliers International anticipates the likelihood of the cash rate declining further in 2012, coupled with the low vacancy rate and higher-than-average wages, will result in demand for new apartments within Canberra remaining resilient.
“Although a gap in the median price between the inner-north and the inner-south precincts will remain, it is anticipated the price disparity between the markets will lessen as new projects settle.”
Population: 358,000
Median unit price: $430,000
Unit price growth in February 2012: 1%
Annual unit price growth to December 2011: -1.4%
Annual unit price growth to July 2011: -5.8%
Rental yield: 5.5%
To find out where your capital city's house or unit market is on the property clock, <a href="http://propertyobserver.com.au/ebooks/free-ebook-australias-autumn-2012-property-clock" target="_blank">download our free eBook.</a>
 
 
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