A landmark former orphanage site in Surrey Hills could be transformed into a new residential community under plans lodged by <a href="https://www.apartments.com.au/developers/antipodean-land-developments">Antipodean Land Developments</a> that would deliver 76 apartments and townhouses while restoring some of the suburb's most significant heritage buildings.

The burgeoninng Melbourne-based developer has submitted plans for the 9,158 sqm site at 1 Kent Road and 24 Durham Road, home to the former St Joseph's Home for Destitute Children, a historic institutional complex dating back to the late 19th century. The proposal seeks to adaptively reuse several heritage buildings while introducing two new four-storey residential buildings set within extensive landscaped grounds.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> and Kerstin Thompson Architects, the project has been conceived as a contemporary residential village embedded within a restored heritage precinct. The development team describes the design approach as "The Village in the Garden," with new buildings positioned among mature landscaping by OCULUS and significant heritage structures.

<img alt="First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills" data-entity-type="file" data-entity-uuid="44ec8c1b-c0b6-44ae-859e-5811b3e6a023" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Untitled%20design%20%281%29.png?VersionId=p.p1_KFh4iQoV4nisdnPfQBAsWNi7m79" />

The proposal would deliver 76 dwellings comprising a mix of apartments and duplex-style residences, significantly increasing housing supply on one of the largest privately held residential landholdings in Surrey Hills. The development includes 127 car spaces, 24 bicycle spaces and more than 1,000 sqm of communal amenity, with the existing chapel building earmarked for conversion into resident facilities.

According to the planning submission, the project centres on the restoration and adaptive reuse of the site's most significant heritage assets, including the original c.1889 St Joseph's building, the chapel designed by architect Augustus Andrew Fritsch, and the historic brick perimeter walls and entry gates. The proposal also incorporates the retention of other contributory buildings including the former infirmary and school building.

Tract Consultants, in the planning report accompanying the application, said the scheme had been shaped through extensive heritage analysis and design development.

"The shared vision for the Site by the project team has culminated in a scheme which successfully breathes life back into a historic site while delivering upon the objectives of Victoria's Housing Statement in a carefully curated and contextually responsive manner."

<img alt="First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills" data-entity-type="file" data-entity-uuid="7263b7d8-95ea-400f-9531-6ca7d22c3c33" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Untitled%20design%20%282%29.png?VersionId=4cR1tiWOsDpgxEOwZi5vVFcyvvOsYkIE" />

The proposal is being assessed under Victoria's Significant Residential Development with Affordable Housing pathway. As part of the application, three per cent of the project's residential development cost would be contributed to the Social Housing Growth Fund. The development would also provide a diverse mix of one, two and three-bedroom residences targeting a broader range of buyers than typically found in Surrey Hills' detached housing market.

Sustainability initiatives include an anticipated 66 per cent BESS score, natural cross-ventilation to 80 per cent of apartments, 28 per cent deep soil landscaping and a canopy cover outcome exceeding local planning requirements. The proposal also sets aside more than 1,083 sqm for communal indoor and outdoor resident amenity spaces.

<img alt="First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills" data-entity-type="file" data-entity-uuid="33fad46f-fe26-4d0a-acfd-6b776e1c6a3d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Untitled%20design.png?VersionId=D9F6WVSyYCtGvSUmith35LRp6R7PQkw_" />

Planning documents describe the property as one of the largest underutilised residential sites in Surrey Hills, arguing it presents a rare opportunity to introduce "missing middle" housing in an established inner-eastern suburb while preserving and revitalising a significant heritage precinct.

Antipodean Land Developments has built a reputation for design-focused residential projects across Melbourne, particularly in the medium-density sector. Previous developments include Neighbourhood in Brunswick East, delivered with Breathe Architecture, and Balfe Park Lane, designed by Kerstin Thompson Architects.

They've been very active in site acquisition as they build out their future development pipeline. They recently launched Thornubury House, 45 apartments above a mix of commercial, retail, and food and beverage tenancies, and have plans for a boutique project in Fitzroy and another <a href="https://www.apartments.com.au/news/vic/antipodean-plan-apartments-for-deepdenes-missing-middle-on-whitehorse-road">"missing middle" project</a> on Deepdene's Whitehorse Road.

Joel Robinson

First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills

Developer <a href="https://www.apartments.com.au/developers/auyin-property-development">Auyin</a> is the latest to turn to the Victorian Government's Development Facilitation Program in an effort to secure approval for its long-planned, mixed-use project in Elsternwick.

In 2018, Auyin lodged plans with Glen Eira City Council for a 14-storey building, however Council approved a reduced eight-storey scheme. A subsequent VCAT appeal in 2019 upheld the eight-storey height limit.

The project was later amended to nine storeys, but Auyin is now seeking to revive something closer to its original vision. The developer argues that the planning context has evolved significantly over the past decade, particularly within the Elsternwick Activity Centre, where higher-density development has increasingly been encouraged along Glen Huntly Road.

The proposal would transform the 1,239 sqm site at <a href="https://www.apartments.com.au/new-apartments/7-12-horne-street-elsternwick-vic-3185">7-15 Horne Street</a>, opposite Elsternwick Railway Station, into a 13-storey residential and retail development designed by CBG Architects, with 40 apartments

The site currently comprises three commercial properties.

<img alt="First look: 13-storey mixed-use tower planned for Elsternwick activity centre" data-entity-type="file" data-entity-uuid="5f465dd4-509b-4082-a669-0253b313914b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/elsternwick%20podium.png?VersionId=72frWi0SmQ5AVJ3ARRhX5ILUYObhTm7x" />

The proposed apartment mix comprises 25 two-bedroom and 15 three-bedroom residences above 200 sqm of retail space at ground level. Residents would have access to a 90 sqm wellness facility, a 351 sqm communal indoor and outdoor terrace on the third level, and extensive landscaped areas throughout the development. A publicly accessible 135 sqm plaza would be created on the north-east corner of the site, providing seating, landscaping, and a new gathering space adjoining Horne Street.

The design adopts a four-storey podium that references the finer-grain character of the surrounding streetscape, with the upper tower recessed behind generous setbacks on all boundaries.

<img alt="First look: 13-storey mixed-use tower planned for Elsternwick activity centre" data-entity-type="file" data-entity-uuid="e637e763-2abc-4c34-a0aa-5c7ad36fae18" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/elsternwick%20open.png?VersionId=J1AoOpZgTyaF.KeeFSX6lMjEScX8KKRi" />

A key element of the proposal is the reconfiguration and widening of the surrounding laneways. Vehicle access would be retained from Lois Lane, with upgraded pedestrian connections linking Ross Street and Horne Street. The development would provide 58 residential car spaces, two retail car spaces, and 52 bicycle spaces across two basement levels and ground-floor facilities.

Architecturally, the building draws inspiration from the established character of Elsternwick Village. The façade combines dark charcoal brickwork, textured concrete, bronze-toned metal detailing, and extensive planting integrated into podium and tower levels. The design also incorporates a chamfered corner treatment and publicly accessible plaza intended to strengthen pedestrian activity around the station precinct.

Elsternwick's last new development completion was&nbsp;EVA Elsternwick by Pitard late last year. <a href="https://www.apartments.com.au/developers/milieu-property">Milieu</a> is working away on its nature-led neighbourhood, <a href="https://www.apartments.com.au/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick-vic-3185">Elsternwick Gardens</a>, on Gordon Street, with its first stage expected to complete next year.

First look: Auyin seeks mixed-use apartment project in growing Elsternwick Activity Centre

<a href="https://www.apartments.com.au/new-apartments/otium-parkdale-123-125-como-parade-east-parkdale-vic-3195">Otium Parkdale</a>, the 13-residence boutique development by&nbsp;<a href="https://www.apartments.com.au/developers/huxtable-property">Huxtable Property</a>, has entered its final stages of delivery, with completion expected within the coming month and more than half of the residences sold.

The Como Parade East project is nearing the finish line at a time when opportunities to purchase new apartments in <a href="https://www.apartments.com.au/developments/parkdale-vic-3195">Parkdale</a> remain exceptionally limited. Fewer than 10 per cent of dwellings in the bayside suburb are apartments, making developments like Otium a relatively rare addition to a market traditionally dominated by detached housing.

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The three-level development comprises 13 residences, including ten two-bedroom apartments and three larger three-bedroom homes, all positioned above a secure basement car park.

Designed by <a href="https://www.apartments.com.au/architects/almeida-architects">Almeida Architects</a> with a strong connection to its coastal surroundings, Otium combines red brick, exposed concrete and dark metal detailing with integrated landscaping and greenery. Expansive glazing, generous balconies and terraces have been incorporated throughout the design to maximise natural light and reinforce indoor-outdoor living.

Inside, the residences feature engineered European oak flooring, natural and reconstituted stone benchtops, Bosch kitchen appliances, ducted heating and cooling, lift access and secure entry systems. The larger three-bedroom residences on the upper level have been designed with house-like proportions, while the two-bedroom apartments prioritise functionality, flexibility and low-maintenance living.

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The project is now in its final stages, with <a href="https://www.apartments.com.au/builders/labco">Labco</a> completing the remaining landscaping and external finishing works following the completion of the residences' interiors.

Otium's location within the heart of Parkdale continues to underpin its appeal. Residents will be just steps from local cafés, restaurants, shops and the newly elevated Parkdale Station, while the beach is less than a kilometre away.

With the project tracking ahead of schedule, buyers can currently secure a residence with a five per cent deposit and benefit from settlement terms of up to eight months. The advanced stage of construction also provides buyers with the opportunity to walk through the near-complete residences and experience the quality and finishes firsthand ahead of completion.

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Otium Parkdale enters final month before completion as rare apartment opportunity nears sellout

A new boutique apartment development is entering the market in <a href="https://www.apartments.com.au/developments/chermside-qld-4032">Chermside</a>, with Brisbane-based developer <a href="https://www.apartments.com.au/developers/ausdev">Ausdev</a> bringing 33 residences to a well-connected pocket of Brisbane's north.

<a href="https://www.apartments.com.au/new-apartments/parkdrive-apartments-chermside-25-sammells-drive-chermside-qld-4032">Parkdrive Apartments</a>, at 25 Sammells Drive, will comprise a mix of one- and two-bedroom residences positioned within walking distance of Westfield Chermside, The Prince Charles Hospital, and Bradbury Park.

Established in 1989, Ausdev has a long-standing presence across both development and construction, with Parkdrive Apartments representing its latest residential project in Brisbane's northern suburbs.

[smartcode_project:default project_id=152125 project_image_fid=363778]

The development has been designed around open-plan living and natural light, with residences featuring stone benchtops, timber cabinetry, BOSCH appliances, and private balconies that extend the living areas outdoors.

Kitchens are positioned as the centrepiece of the homes, incorporating natural material palettes and integrated appliances, while bathrooms have been designed with a focus on functionality and understated finishes.

Residents will have access to a communal barbecue and entertaining area on Level 3, providing shared outdoor space within the development. Secure parking and lift access are also incorporated into the building.

The project will deliver a limited collection of 33 apartments, with one-bedroom residences priced from $749,000.

[smartcode_project:default project_id=152125 project_image_fid=363782]

Beyond the building itself, the location places residents within easy reach of several of Chermside's key amenities. Bradbury Park is around 350 metres away, while Westfield Chermside is approximately 1.3 kilometres from the site. The Prince Charles Hospital is located within 750 metres, and the Chermside Bus Interchange is around 1.5 kilometres away, providing connections across Brisbane.

Parkdrive Apartments adds to the growing residential pipeline in Chermside, a suburb that continues to evolve as a major retail, healthcare, and transport hub for Brisbane's north.

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Ausdev introduces boutique Parkdrive Apartments to Chermside's growing centre

<a href="https://www.apartments.com.au/developers/skymark-group">Skymark</a>'s boutique Cronulla development Solis has secured a 10-year Latent Defects Insurance policy through Resilience Insurance, providing buyers of the 16-residence building on Ewos Parade with structural and waterproofing protection that extends a decade beyond the building's completion.

Currently under construction and due for completion in late 2027, <a href="https://www.apartments.com.au/new-apartments/solis-cronulla-8-ewos-parade-cronulla-nsw-2230">Solis</a> is one of a small number of new developments in the Sutherland Shire to carry Resilience LDI coverage, a distinction that carries increasing weight as buyer confidence in the off-the-plan sector continues to be shaped by how developers stand behind their product.

Latent Defects Insurance, which entered the Australian market in 2022 when Resilience Insurance was approved to offer the cover, protects buyers against major structural or waterproofing defects for ten years post-completion. Unlike traditional statutory warranties, it operates as a first-resort policy, if a covered defect arises, the insurer responds directly, without the buyer needing to pursue the builder or developer through a lengthy claims process.

Resilience Insurance CEO Corey Nugent has noted that the product addresses something fundamental to the new apartment market.

"The overarching feedback from prospective buyers in the new development space is that they want more confidence and assurances around the quality of the build," Nugent says.

"Resilience Insurance Latent Defects Insurance not only gives them complete peace of mind for 10 years, but it shows the developer they are buying from is standing by their product."

[smartcode_project:default project_id=150499 project_image_fid=370898]

For Solis, the Resilience LDI policy adds a meaningful layer of accountability to an already considered project. The development comprises nine two-bedroom and seven three-bedroom residences, including one dual-level three-bedroom apartment, across a five-storey building on Ewos Parade, positioned between Shelly Beach and South Cronulla.

Garden apartments connect directly to private landscaped courtyards, while upper-level homes capture beach views to the east from level four and above.&nbsp;

All 16 residences include at least one balcony or courtyard, and select apartments on the upper floors feature bar areas and secondary flexible living spaces.

Hiba Sander, Managing Director of Skymark, says Solis offers a rare balance, nestled between the quiet beauty of secluded beaches and the lively charm of South Cronulla's esplanade.

"It's a place to choose your pace and live gracefully, seaside'," Sander says.

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The architecture, designed by <a href="https://www.apartments.com.au/architects/ida-design-group">IDA Design Group</a>'s Michael Trinh, draws from the natural erosion patterns of <a href="https://www.apartments.com.au/developments/cronulla-nsw-2230">Cronulla</a>'s sandstone headlands, translating the organic forms of the coastline into soft curves, pavilion-style massing, and a material palette chosen for longevity in a salt-tinged environment.&nbsp;

Textured natural stone, soft renders, and timber-look battens reference the tones of the surrounding cliffs, while the building has been oriented to maximise natural light and passive ventilation, with primary living spaces facing north and east to capture morning sun and sea breezes.

"At Solis, our aim was to create architecture that feels quietly confident, grounded in natural materials like stone and timber, and elevated by light and landscape," Trinh says.&nbsp;

"The buildings are designed to sit gently within their coastal surrounds, with expansive glazing and abundant greenery creating a seamless dialogue between inside and out."

[smartcode_project:default project_id=150499 project_image_fid=370897]

Interiors by <a href="https://www.apartments.com.au/architects/hot-black">Hot Black</a> carry the same material language through to every room. Kitchens feature integrated Gaggenau appliances, sculpted stone benchtops, and Lo &amp; Co joinery, while bathrooms feature natural stone, timber, and brushed metal finishes.&nbsp;

Hot Black Founder and Design Director Sophie Safrin describes the intent as one of considered restraint: "At Solis, every detail has been thoughtfully considered to create a timeless coastal retreat, calm, refined, and effortlessly liveable. From natural finishes to seamless indoor-outdoor flow, Solis offers a quiet elegance that's deeply connected to its surroundings.

The landscape, designed by Julian Brady of <a href="https://www.apartments.com.au/landscape-architect/sitedesignstudios">Site Design Studios</a>, treats green space as an integral part of the resident experience rather than an afterthought.&nbsp;

"Gentle curves and layered native plantings mirror the ebb and flow of the ocean," Julian Brady says, "creating a serene connection between architecture and place."&nbsp;

Coco Republic has provided bespoke furniture packages tailored to the project's coastal palette.

[smartcode_project:default project_id=150499 project_image_fid=370899]

Skymark has an established track record in the Sutherland Shire, with a portfolio spanning Cronulla, Woolooware and Burraneer that includes Isla, Sylva, Bask, Shells, Sula and Mist. Securing LDI on Solis reflects a broader shift in how the developer is positioning its buildings to buyers, at a time when Resilience Insurance expects the policy to become mandatory in New South Wales by 2028.

Sales at Solis are launching soon through Ray White Projects, with an official event scheduled for 11 June. Enquire for more information.

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Skymark takes out 10-year Resilience Insurance LDI at Solis Cronulla

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

The Albanese and ACT Governments have struck a deal to unlock nearly 5,000 new homes across Canberra, with more than 1,700 earmarked exclusively for first home buyers.

The agreement marks the second formal partnership under the Federal Government’s election commitment to deliver up to 100,000 homes for first home buyers nationally, working alongside state and territory governments and industry.

At the centre of the deal is a $250 million funding injection from the Albanese Government, targeting enabling infrastructure to bring forward new housing supply across a number of key precincts in the ACT.

That includes funding to unlock 75 homes in the Kingston precinct, support new development in Weston Creek, and deliver estate works across the territory that will facilitate more than 500 homes by 2034. Additional investment will go towards relocating powerlines, water infrastructure in Molonglo Valley, and further expansion of the Ginninderry regeneration precinct.

Housing Minister Clare O’Neil said the agreement was about making it easier for first home buyers to enter the market, particularly in a housing environment that continues to challenge affordability.

“We’re determined to make it easier for young people and first home buyers to achieve the dream of owning a home,” O’Neil said.

“We know the housing market is tough, and we want Australians to know that Labor has got your back.”

The announcement builds on more than $800 million already committed to housing in the ACT since 2022, according to Finance Minister and ACT Senator Katy Gallagher, who said the latest funding would help ensure national housing programs are translating into real supply on the ground.

“We’re working closely with the ACT Government to unlock land and invest in the infrastructure needed to get these homes built sooner,” she said.

For the ACT Government, the agreement aligns with its broader target of delivering 30,000 new homes by 2030, with Chief Minister Andrew Barr pointing to the role of coordinated planning and infrastructure investment in accelerating delivery.

“Now, thanks to our agreement with the Albanese Government, this work is about to reach a new level,” Barr said.

The deal sits within the Federal Government’s broader $45 billion housing agenda, which includes initiatives such as the Housing Australia Future Fund, the Help to Buy shared equity scheme, and incentives aimed at increasing construction capacity and reducing barriers to development.

Canberra set for 4,900 new homes under Federal housing deal

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There are few opportunities these days to write anything bullish about the Canberra property market.
All the data suggests prices are stagnating or falling and rents are down significantly, with a 5% annual decline for the median house rent and a 7% fall for apartments.
While Sydney three hours down the road is pumped up by a strong state economy, a big infrastructure spend and the confidence created by competent governance, Canberra is mired in negativity and uncertainty thanks for cuts to the public service and an oversupply of apartments.
But, as is so often the case, there are different stories to be found if you dig beneath the generalised figures about a city.
The Gungahlin precinct is one sector of the Canberra market showing some life. It will benefit in future from the new light rail system, as well as the relocation of 650 public service jobs to that part of Canberra.
The territory's Chief Minister Andrew Barr has confirmed that 400 public servants from ACT Shared Services will vacate Woden this year and head north to Gungahlin.
The move will leave a lot of empty spaces in the Callam Offices complex at Woden, but the biggest impact is likely to be the positive one for Gungahlin – particularly as another 250 public servants will pulled from other areas and relocated to Gungahlin as well. 
The move, taken in conjunction with other unhelpful events, will hurt the economy of Woden and possibly property markets in surrounding areas, which are struggling already.
<a href="https://www.canberratimes.com.au/national/public-service/2015s-perfect-storm-for-woden-will-be-the-public-service-exodus-20150222-13gvdr" target="_blank">The Canberra Times reported</a>: Woden Valley Community Council chairman Martin Miller said the town centre was "probably not prepared" for the departure of so many regular workers.  "The federal public service is decreasing its presence as well – the Department of Human Services was moved to Tuggeranong years ago and the Department of Veterans Affairs is due to move as well," Miller said. "It will have an impact – it's sort of like the perfect storm."
Property markets in suburbs surrounding the Woden Town Centre have been weak performers in recent years. Suburbs like Phillip, Lyons, Hughes and Mawson have median house prices lower than they were three years ago.
They, along with others like Garran, Chifley and Pearce, all have long-term capital growth rates in the 3-4% range, which is poor by national standards.
Where Woden loses, Gungahlin gains. Generally, this precinct of Canberra looks to have better prospects than most in the national capital, helped by the Capital Metro light rail system, which will link Gungahlin to the city centre.
The light rail system is currently in the procurement stages. The ACT government has named four private business consortiums, which will be considered for the construction of the $800 million light rail line.
The targeted travel time from Gungahlin to the city via Northbourne Avenue, the Federal Highway and Flemington Road is 25 minutes. Experience shows that new transport infrastructure can be a game-changer for residential property markets.
The Gungahlin precinct is currently one of the few sections of the Canberra market showing some life. While Canberra prices generally have not grown in the past 12 months, some suburbs in the Gungahlin area have delivered solid increases in median house prices.
They include Palmerston (up 7%), Amaroo (up 5%) and Harrison (up 6%).
Unlike the Woden precinct, suburbs around Gungahlin mostly have values higher than three years ago, though not a lot higher. Amaroo, for example, has grown an average of 4% per year over the past three years.
This precinct also shows up in The Price Predictor Index published by Hotspotting. It has a couple of suburbs listed as Rising Steadily – Palmerston and Nicholls – and others classified as Consistency markets, including Ngunnawal, Franklin and Amaroo.
TERRY RYDER is the founder of <a href="https://hotspotting.com.au/" target="_blank">hotspotting.com.au</a>. You can <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email him</a> or follow him on <a href="https://www.twitter.com/hotspotting" target="_blank">Twitter</a>. 
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terryryder-YECXbqmri2

Not all doom and gloom for Canberra: Terry Ryder

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The international style setter Tyler Brûlée says Canberra's CBD need urgent urban renewal initiative.
<a href="https://www.ft.com/intl/cms/s/0/4dec3b54-ce36-11e4-86fc-00144feab7de?siteedition=intl#axzz3VRLZOQME" target="_blank">His weekly Financial Times column</a>, following a recent visit, acknowledged the sparkling new airport.
"But the capital’s central business district leaves a lot to be desired," wrote Brûlée.
"With seemingly every other shopfront available for lease, a lack of proper landscaping and no shortage of well-paid civil servants and diplomats, a smart developer should seize on a stretch of streetfront and kick off an urban renewal initiative."
His timing was exquisite as a new discussion paper on the future of Canberra's CBD calls for immediate action to be taken to revitalise the languishing city centre.
The ACT Property Council and Canberra CBD Limited paper recommends the ACT follow the successful City of Melbourne "Postcode 3000" campaign of the 1990s to save the territory's CBD.
Property Council ACT executive director Catherine Carter said the city centre faces many challenges – transport bottlenecks, empty streets and boring building facades.
Officially the Property Council of Australia's figures show a record high office vacancy rate of 14.7% and Canberra CBD Limited's latest retail activity report indicates a vacancy of 15.7%.
Brulee's column went on to praise a recent Sydney restaurant meal.
"When was the last time you tucked into a dish and found the whole experience so delicious and mouthwatering that you haven’t been able to stop thinking about the next time you might be able to return to sample it again?" he wrote.
"Eight days after I sampled the udon bolognese at Cho Cho San in Sydney’s Potts Point I’ve been trying to find an excuse to book a trip back there."
<a href="https://www.ft.com/cms/s/0/4dec3b54-ce36-11e4-86fc-00144feab7de#ixzz3VRNFwA5o"></a>Melbourne, he says, is a city that just keeps on getting better noting the fare at Supernormal on Flinders Lane.
But he says Victoria’s state capital is in desperate need of a good hotel.
"With none of the big chains putting on a particularly good show, the opportunity is there for a small property to deliver 20-30 rooms in a residential setting complete with rambling garden and an easy-breezy restaurant/bar staffed by one of the city’s better chefs," Brûlée wrote.
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jchancellor-FAypfDUnLy

Tyler Brûlée says empty Canberra CBD needs urban renewal…and possibly udon bolognese eatery

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Prices growth in Canberra has been relatively flat over recent years, reflecting the impact of a declining local economy, according to the Domain Group senior economist, Andrew Wilson.
"Canberra has clearly benefited least from the sharp cuts in interest rates through 2012-13, which activated most capital city housing markets," said Wilson.
"Federal government fiscal consolidation policies over recent years have impacted the local economy through public service job losses and service cuts, and this has had a predictable impact on housing market activity."
<img src="/images/2015/03/12/canberra-mar-12-one.jpg" alt="">
Source: Domain Group
Over 2014, Canberra recorded modest price growth of just 0.9%, following the previous year’s 2.2% result.
"Through 2015 the Canberra housing market looks set to maintain its modest but steady performance of recent years," he said.
<img src="/images/2015/03/12/canberra-mar-12-two.jpg" alt="">
Source: Domain Group
Recent positive signs for the local market remain with increased auction activity recorded towards the end of 2014 and solid buyer activity early in 2015.
"Lower interest rates will feed into buyer confidence and add to the prospects of rising buyer activity," Wilson said.
"Canberra’s median house price is set to increase by between 1 and 3% through 2015."
<img src="/images/2015/03/12/canberra-mar-12-three.jpg" alt="">
Source: Domain Group
Domain Group tips the best performers will be the middle and upper price market sections as well as regions that experienced subdued prices growth over recent years as value perceptions drive increased changeover buyer activity.
"As usual, however, much will depend on the performance of the local economy, which has recently shown encouraging signs of improvement," said Wilson.
"Government fiscal consolidation policies remain an ever-present impediment for the local Canberra housing market."
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Modest price growth tipped for Canberra: Andrew Wilson

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There’s only a three-hour drive separating the two places but Canberra and Sydney are worlds apart when it comes to real estate.
That Sydney has been accelerating while Canberra has been in slow reverse is ample evidence that it’s foolish to speak of conditions in “the Australian property market”.
It also exposes the folly of claims of surging house prices across Australia. Nothing is surging in Canberra, other than Clive Palmer’s ego and tendency towards erratic behaviour.
While Sydney has had 18 months of upside, Canberra has experienced a slow and steady trip on the downside.
My research on Canberra for the next edition of The Price Predictor Index shows the trends evident in the two previous quarterly editions have continued – a gradual descend into downturn.
In the May edition I commented that the Canberra market was “going nowhere – neither up nor down - there is little in the way of meaningful growth, with markets stalled by uncertainty and nervousness resulting from the Federal Government’s plans to make big cuts to the public sector workforce.”
In the August edition I noted that the situation had worsened, with a reduction in the number of suburbs with any sort of positive pattern. The upcoming November edition will record a further deterioration in market conditions.
There are no “Rising Fast” markets in Canberra and only five “Rising Steadily” markets.
There remain a dozen suburbs rated as “Consistency” markets. In this regard, the standout precinct is the far north of the city, where new house-and-land sales are helping to maintain steady sales rates.
But the overall message is a marked absence of momentum, especially in the apartment market.
The number of apartment sales has been decreasing steadily for the past two years. In both the September and December quarters of 2012, there were 800-plus apartment sales across Canberra. By the March quarter of this year unit sales were down to 620 and in the September quarter there were an estimated 580 sales.
All of the Canberra markets with strong patterns of declining sales activity are unit markets. The suburb of Bruce, which was typically selling 40 to 50 apartments per quarter in 2012 and 2013, is now managing about 20 sales per quarter.
The biggest single apartment market is Kingston, which had 89 sales in the September Quarter of 2012 and 73 sales in the September quarter of 2013. But it’s gone steadily backwards since then, with only 48 sales in the June quarter this year and an estimated 30 sales in the September quarter.
The number of house sales across Canberra has also decreased, though not as much as apartments.
This pessimistic scenario is now reflected in data on prices and rentals. Domain Group’s September quarter House Price Report recorded a 2% quarterly decline in Canberra’s median house price and a 4% quarterly reduction in the median unit price.
The median rent for houses dropped 3% in annual terns and median rent for apartments is down 5%.
There has been an inevitable weakening of demand as the federal government moves towards giving the public service a short back and sides, while relocating some elements to regional areas where the costs are cheaper.
Terry Ryder is the founder of <a href="https://hotspotting.com.au/" target="_blank">hotspotting.com.au</a>. You can <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email</a> him or contact him on <a href="https://twitter.com/hotspotting" target="_blank">Twitter</a>. 
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Canberra's market is stuck in reverse

<html><body>
The ACT’s suburb rental yields for apartments range from as low as Deakin’s 2.75%, but where are the best performing?
Here are the top 10 gross rental yields, as recorded by RP Data, for unit suburbs across the ACT.
<a href="/news"><img src="/images/2014/07/04/yellow-one.jpg" alt="">Scullin</a>
<ul>
<li>Gross rental yield: 7.13%</li>
<li>Median price: $270,000</li>
</ul>
<a href="/news"><img src="/images/2014/07/04/yellow-two.jpg" width="32" height="31">Franklin</a>
<ul>
<li>Gross rental yield: 6.34%</li>
<li>Median price: $308,000</li>
</ul>
<a href="/news"><img src="/images/2014/07/04/yellow-three.jpg" width="31" height="32">City</a>
<ul>
<li>Gross rental yield: 6.08%</li>
<li>Median price: $428,000</li>
</ul>
<a href="/news"><img src="/images/2014/07/04/yellow-four.jpg" width="32" height="32">Curtin</a>
<ol>
<li>Gross rental yield: 5.88%</li>
<li>Median price: $292,000</li>
</ol>
<a href="/news"><img src="/images/2014/07/04/yellow-five.jpg" width="31" height="31">Ngunnawal</a>
<ul>
<li>Gross rental yield: 5.79%</li>
<li>Median price: $350,000</li>
</ul>
<a href="/news"><img src="/images/2014/07/04/yellow-six.jpg" width="34" height="33">Melba</a>
<ul>
<li>Gross rental yield: 5.67%</li>
<li>Median price: $330,000</li>
</ul>
<a href="/news"><img src="/images/2014/07/04/yellow-seven.jpg" width="32" height="32">Theodore</a>
<ul>
<li>Gross rental yield: 5.57%</li>
<li>Median price: $362,000</li>
</ul>
<a href="/news"><img src="/images/2014/07/04/yellow-eight.jpg" width="31" height="30">Banks</a>
<ul>
<li>Gross rental yield: 5.55%</li>
<li>Median price: $375,000</li>
</ul>
<a href="/news"><img src="/images/2014/07/04/yellow-nine.jpg" width="33" height="31">Isabella Plains</a>
<ul>
<li>Gross rental yield: 5.48%</li>
<li>Median price: $375,000</li>
</ul>
<a href="/news"><img src="/images/2014/07/04/yellow-ten.jpg" width="32" height="31">Florey</a>
<ul>
<li>Gross rental yield: 5.47%</li>
<li>Median price: $380,000</li>
</ul>
<a href="/news"><img src="/images/2014/07/04/yellow-ten.jpg" width="32" height="31">Page</a>
<ul>
<li>Gross rental yield: 5.47%</li>
<li>Median price: $380,000</li>
</ul>
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jduke-EHk3XBmHkn

The ACT's top 10 yielding unit suburbs

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The ACT is a market that not every investor looks to tackle, with most heading to neighbouring New South Wales for strong performance.
However, while <a href="/expert-insights/investing/john-mcgrath-s-10-sydney-suburb-picks">Sydney did secure 10 places on industry expert John McGrath’s hotspot list</a>, Canberra took out three choices.
Property Observer decided to take a closer look at his three selections, the prominent statistics and the differences between the areas.
<ul>
<li><a href="/news">AINSLIE</a></li>
</ul>
McGrath calls north-east Canberra’s Ainslie a “strong reliable performer”. The large and tightly-held area caught his eye for a significant segment of the suburb that is elevated and able to capture city views, as well as that it backs onto bush reserve.
The reserve in question is Mt Majura Nature Reserve, which sits to the east of the suburb. It is further bound by Limestone Avenue and Majura Avenue to the west.
“It is walking distance to the city with wide leafy streets and vibrant village shops and cafes. Also has easy access to the employment hubs of Russell &amp; Barton,” he said.
Less than a 10 minute drive to the centre of Canberra, it appears that it could take around 40 minutes to walk.
The area includes a number of leafy reserves and open space areas, including Corroborree Park, Majura Oval and Ainslie Football Park, as well as trails through the reserve.
It has bus routes through the main local roads of Campbell Street, Ebden Street, Office Crescent and Cowper Street. The suburb includes an IGA supermarket at its centre, a laundrette, pharmacy, liquor store, and a few eateries. There is a local football and social club.
The 2011 Census put the area as containing 5,100 people, with a median age of 40. Of the dwellings, 82.8% are separate houses, with the majority including three bedrooms (49.2%), closely followed by three bedrooms and two bedrooms at 22.3% and 20.7% respectively. In total, 38.3% were recorded as renters.
Statistics to know
<ul>
<li>Vacancy rate: 2.3%</li>
</ul>
Source: SQM Research
Houses
<ul>
<li>Median price: $695,000</li>
<li>Median advertised weekly rent: $510</li>
<li>Gross rental yield: 3.82%</li>
<li>12 month growth: 3.42%</li>
</ul>
Units
<ul>
<li>Median price: $717,000</li>
<li>Median advertised weekly rent: $550</li>
<li>Gross rental yield: 3.99%</li>
<li>12 month growth: -5.35%</li>
</ul>
Source: RP Data
Other neighbouring suburbs: <a href="/news">Braddon</a>, <a href="/news">Dickson</a>, <a href="/news">Hackett</a>, <a href="/news">Campbell</a>
See over page for McGrath's other ACT picks - Turner, Crace and Franklin
<hr class="system-pagebreak">
<ul>
<li><a href="/news">TURNER</a></li>
</ul>
Turner is seen by McGrath as a “very solid performer” and one of the closest established suburbs to the CBD. He notes that a lot of new boutique developments of apartments and townhouses are going in, and that it has “low long-term vacancy rates &amp; reliable capital growth”.
It is also close to the Australian National University (ANU), which he says makes it popular with students, academics and CBD executives.
A five minute drive north of the CBD, and less than 30 minutes to walk, the suburb is bound by Northbourne Avenue to the east, Barry Drive to the south and David Street to the north. It has a substantial amount of green parkland throughout, particularly through the central corridor, including Masson Street Oval and Haig Park West. Much of this surrounds Sullivans Creek, which runs vertically through the centre of the suburb.
Bus routes are regular along Boldrewood Street, McCaughey Street and Northbourne Avenue.
The area is home to Treehouse in the Park Early Learning Centre and Turner School, with adjacent Turner School Playing Field. ANU is just outside the suburb’s boundaries, to the south. Those looking for options to buy units, should note that higher density dwellings are more common in the northern part of the suburb.
The 2011 Census recorded 3,595 people in residence in the suburb, with a median age of 30. In total, 72% of the dwellings were recorded as flats, units or apartments, with another 20.2% recorded as separate houses. The most common dwelling were two bedrooms, at 42.6%, followed by one bedroom and three bedrooms at 27.4% and 20.4% respectively. In the area, 62.8% are rented.
Statistics to know
<ul>
<li>Vacancy rate: 2%</li>
</ul>
Source: SQM Research
Houses
<ul>
<li>Median price: $1,185,000</li>
<li>Median advertised weekly rent: $520</li>
<li>Gross rental yield: 2.28%</li>
<li>12 month growth: 29.37%</li>
</ul>
Units
<ul>
<li>Median price: $460,000</li>
<li>Median advertised weekly rent: $455</li>
<li>Gross rental yield: 5.14%</li>
<li>12 month growth: -1.07%</li>
</ul>
Source: RP Data
Other neighbouring suburbs: <a href="/news">O’Connor</a>, <a href="/news">Braddon</a>, <a href="/news">Acton</a>
See over page for John McGrath's third pick - Crace and Franklin
<hr class="system-pagebreak">
<ul>
<li><a href="/news">CRACE</a>, <a href="/news">FRANKLIN</a></li>
</ul>
These two suburbs are neighbours, and thus make the list as one entry. McGrath notes that they’re relatively new and popular with families due to their modern housing, landscaped parks, sporting facilities, cafes and schools.
“Crace is Australia’s fastest growing housing market according to the Housing Industry Association, based on the value of new home approvals and population growth,” he said.
Crace and Franklin are located within a 40 minute drive of each other, the lengthy time to drive to a neighbouring suburb due to the presence of Gungaderra Grasslands Nature Reserve between the two. Both are located within a 15 minute drive north of the CBD, some 10 kilometres away, and both are within the Gungahlin District.
The leafy Crace includes a number of parks, a Hilltop Reserve and even a community garden. It is bound by the Barton Highway and Gundaroo Drive. It saw the roads and display homes finished in 2009, so has some time until it is established. It was <a href="https://www.crace.com.au/" target="_blank">developed over the past five years as a joint venture</a> between project manager CIC Australia, and Land Development Agency, as well as Defence Housing Australia, Community Housing Canberra and Tatebrook Pty Ltd.
The sales and information centre closed permanently from the end of January this year, and the area won the 2014 ACT Property Council of the Year award for Project Development of the Year, as well as Best Masterplanned Community in the Innovation and Excellence Awards.
The area includes Abena North apartments (featuring 20 units), on the main boulevard, as well as terraces, including 17 townhouses in the Greenleigh Park development, and freestanding homes across the estate. About 1,600 homes were estimated on completion, with sales strong in the latter part of 2013. A number of other apartment projects are also located in Crace.
The bus route is not as comprehensive in this area, with services at Langtree Crescent and Abena Avenue.
Of course, the 2011 Census data will be a little less up to date than that for other suburbs. As of 2011, it notes that 563 people were in residence, with a median age of 27. There were 327 dwellings, with 45.6% of them being semi-detached, row or terrace houses, most likely with three bedrooms (35.2%) or two bedrooms (32.2%). At that point in time, 36.3% were rented.
Franklin, which is adjacent to the Mulanggari Grasslands Nature Reserve, also includes the Guburb Dhaura Heritage Park. It is primarily bound by Flemington Road, Well Station Drive and Gungahlin Drive.
The main bus route covers Hoskins Street, Oodgeroo Avenue and Flemington Road. There is an early childhood home in the area.
The 2011 Census data records a total of 3,804 people in the suburb, with a median age of 28. Of the dwellings, 82.3% were separate houses, of which 57.2% had four or more bedrooms. A further 30% had three bedrooms. Tenants in the area amount to 29.1% of the population.
Statistics to know (Crace) (Vacancy rate and unit data not available)
Houses
<ul>
<li>Median price: $562,000</li>
<li>Median advertised weekly rent: $450</li>
<li>Gross rental yield: 4.16%</li>
<li>12 month growth: 0.81%</li>
</ul>
Source: RP Data
Statistics to know (Franklin)
<ul>
<li>Vacancy rate: 2.6%</li>
</ul>
Source: SQM Research
Houses
<ul>
<li>Median price: $543,000</li>
<li>Median advertised weekly rent: $460</li>
<li>Gross rental yield: 4.41%</li>
<li>12 month growth: -7.26%</li>
</ul>
Units
<ul>
<li>Median price: $308,000</li>
<li>Median advertised weekly rent: $375</li>
<li>Gross rental yield: 6.34%</li>
<li>12 month growth: -3.30%</li>
</ul>
Source: RP Data
Other neighbouring suburbs: <a href="/news">Gungahlin</a>, <a href="/news">Mitchell</a>, <a href="/news">Harrison</a>, <a href="/news">Palmerston</a>, <a href="/news">Giralang</a>, <a href="/news">Kaleen</a>, <a href="/news">Nicholls</a>
YOU MIGHT ALSO WANT TO READ: 
<a href="/news/qld/john-mcgrath-s-five-south-east-queensland-hotspots">John McGrath's five south east Queensland hotspots</a>
<a href="/news/act/canberra-ranked-the-best-place-to-live-but-its-certainly-not-the-best-place-to-buy">Canberra ranked "the best place to live", but it's certainly not the best place to buy: Terry Ryder</a>
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John McGrath’s three Canberra hotspots under the microscope

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Canberra continues to rank as the most affordable state in Australia, however first home buyers shouldn’t get their hopes up.
The Adelaide Bank/REIA Housing Affordability Report notes that while it looks good on paper, the reality may be a different story.
For the ninth year in a row, Canberra records the highest affordability level based on a median house price of $535,000 put into the ratio of median family income to average loan repayments. This sees the proportion for the ACT stand at 19.8%, compared to New South Wales with the worst result at 35.3%.
REIA president Peter Bushby said that the report showed a positive for Victoria, Queensland, South Australia and Tasmania home buyers, with affordability improvements over the last quarter. The ACT recorded the strongest annual improvement, despite remaining unchanged over the quarter.
However, Bushby said that first home buyers might not be consider it to be the case in the ACT.
“While on paper, Canberrans have access to the most affordable homes, I suspect many people don’t feel that this is the case, especially first home buyers,” he said.
“While the ACT recorded a 9.7% increase in the number of loans to first home buyers this quarter, this figure is down 34.4% when compared to this time last year,” Bushby explained.
With the First Home Owner Grant for established homes ending a year ago, this was unsurprising, he explained, noting that most states now have restrictions on the established market that he considers “disappointing”.
Canberra’s high median family income sat at $2,491 for the June quarter, with New South Wales recording a median family income at $1,562, where their median house price is $811,837. It seems the high earners in the ACT may be what is behind the territory’s achievement of the “most affordable” title.
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Canberran first time buyers left in the lurch, despite highest affordability level

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A new review into the Residential Tenancies Act 1997 has been announced to balance out the rights of landlords and tenants, according to Attorney-General Simon Corbell.
Corbell said the review would look for an “appropriate” balance of rights for tenants and landlords.
"It gives everyone an opportunity to have their say about whether the law is operating fairly and effectively,” he said.
In property circles it’s commonly believed that tenants are given more flexibility at tribunal.
It will also look at issues around share housing, rental home sustainability and rental accommodation standards.
The sustainability discussion looks at the effects of mandating or providing incentives to lessors or tenants retrofitting sustainability measures, as well as to whether there are any impediments at present.
Share home issues include whether the Act should be required to impose a legal framework.
Submissions are invited by 12 September, 2014 on the discussion papers, which are currently available on www.justice.act.gov.au and there is also an online survey.
The review is being conducted by the Justice and Community Safety Directorate.
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ACT tenants and landlord rights to be re-balanced under Residential Tenancies Act review

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ACT police are investigating a real estate fraud after a Canberra home sold without the consent of the absentee landlord home owner.
The real estate scam at <a href="/news">Macgregor</a> has all the hallmarks of prior fraudulent sales by overseas fraudsters.
The owner, living in South Africa, discovered the north side house had been sold after contacting her local ACT property manager as she had not receive the past four rental payments. 
ACT Police has taken control of the investigation in consultation with police in South Africa. 
"Police will investigate a series of exchanges which led to the sale of the property without the owner’s knowledge or consent, and the disbursement of the funds generated by the deception," the statement said.
The ACT Attorney General Simon Corbell has warned home owners to be vigilant of scammers.
The details of the Macgregor scam have not been publicly released, but Property Observer notes sales over the period between last October and February this year ranged between $200,000 and $560,000. There was a $335,000 average sale price.
There have been similar cases in WA including two successful sales and six attempted real estate frauds.
The ACT Real Estate Institute CEO, Ron Bell told 2CC Capital Radio that agents and homeowners must be wary as the scammers tend to get through the web.
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Absentee Macgregor landlord loses ACT home to South African fraudster

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You may be surprised to learn that the greatest place to live in Australia is … wait for it, Canberra!
In another of those pointless exercises in which bureaucrats take delight, the Organisation of Economic Co-operation has developed a global well-being matching tool, which considers factors such as safety, health, services, life expectancy, environment, crime rates and income.
Using this exciting new technology, it has determined that Canberra outranks every other city in Australia as the best place to live out your days.
This being so, you might wonder why Sydney has 4.6 million residents and Canberra 380,000, and why there are eight Australia cities with more people than Canberra. Even Tasmania has more residents than the ACT.
Apparently all those poor saps in Sydney don’t know that Canberra is a superior city. Imagine - four million Australians, living a lie.
But here’s an important thought: despite what the OECD tool says about life expectancy, you don’t live longer in Canberra, it just feels that way.
Do the OECD boffins realise that living in Canberra means having Tony Abbott as a neighbour? Or, even worse, Clive Palmer?
Another relevant question is this: if Canberra’s so damn good, how come it’s the worst-performing property market in capital city Australia?
Every other city is showing at least some forward movement in its property markets, but Australia’s best place to be is going nowhere.
Prices have stagnated at a time of very high growth down the road in inferior Sydney. Canberra rents are going backwards and developers of apartment buildings are having to downsize through lack of buyer interest.
Auction clearance rates are 53% for houses and 36% for apartments.
<a href="/news">Goulburn</a>, not far from Canberra, is showing solid growth, but in the capital there’s little in the way of meaningful growth.
<a href="/news">Gosford</a>, where the federal government plans to send 600 Canberra jobs, apparently oblivious to the OECD’s findings, is booming.
Canberra markets are stalled by uncertainty and nervousness resulting from the federal government’s plans to make big cuts to the public sector workforce.
Canberra has maintained consistent turnover of residential property, quarter by quarter, throughout 2013 and into early 2014. The city seems to churn through 1,250 to 1,300 home sales each quarter with consistency.
But, unlike every other capital city in Australia, it has no suburbs charging forward price-wise.
At the top end of the Canberra market, prices are falling. In upmarket <a href="/news">Yarralumla</a>, the median price has dropped 7% in the past 12 months. In <a href="/news">Griffith</a>, the median price has fallen 12% (but remains above $1 million). Equally swanky <a href="/news">Red Hill</a> has dropped 14% in 12 months.
So, a damn fine place to live, if you don’t mind stiff winters and lousy neighbours, but not a great place to own real estate at the moment.
You can contact Terry via  <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email</a> or on <a href="https://www.twitter.com/hotspotting" target="_blank">Twitter</a>.
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