Adding to Chatswood’s growing skyline, <a href="https://www.apartments.com.au/new-apartments/the-anderson-chatswood-54-56-anderson-street-chatswood-nsw-2067">The Anderson</a> is grounded in a simple principle: apartment living in a major centre does not have to come at the expense of space and outlook.

Set on Anderson Street in the heart of <a href="https://www.apartments.com.au/developments/chatswood-nsw-2067">Chatswood</a>, the new residential tower, a collaboration between developers <a href="https://www.apartments.com.au/developers/changfa-group">Changfa Group</a> and <a href="https://www.apartments.com.au/developers/huirong-group">Huirong Group</a> with architecture and interiors by <a href="https://www.apartments.com.au/architects/ajc-architects">AJC Architects</a>, will introduce 122 apartments that prioritise generous proportions, considered orientation, and a strong connection to the surrounding heritage precinct.

The design originated from a Design Excellence Competition, where AJC proposed a building that combines suburban-style apartment scale with the density expected in a transport-rich centre. The development will include more than 1,800 square metres of retail and commercial space at street level, landscaped communal roof terraces, and a ground-floor pocket park framed by canopy trees. Together these elements aim to create a building that integrates with Chatswood’s evolving streetscape while maintaining a strong residential focus.

[smartcode_project:default project_id=151353 project_image_fid=353250]

A key driver behind the architecture was the desire to deliver family-sized apartments rarely seen in the Chatswood market. The Anderson includes a mix of one to four-bedroom apartments, with around 35 per cent of the residences configured as three or four-bedroom homes. At the top of the building, two double-storey penthouses span approximately 200 square metres each, reinforcing the project’s emphasis on scale and long-term liveability for both downsizers and intergenerational households.

Orientation and outlook were central to the planning of the building. The apartments are positioned to maximise views to the north and east across Chatswood’s heritage precinct, with upper levels capturing glimpses of the Pacific Ocean. South-facing apartments gain distant views toward the Sydney CBD and Harbour Bridge, while the building’s configuration intentionally reduces western exposure at lower levels to minimise overlooking toward the nearby railway corridor.

The external design references the character of the surrounding conservation area without replicating it directly. A brick podium anchors the building to the street and introduces a series of architectural portals that draw inspiration from the nearby Chatswood Presbyterian Church. Above this base, the tower shifts to a lighter, more open expression defined by horizontal lines and carefully detailed balconies that balance privacy with outward views.

[smartcode_project:default project_id=151353 project_image_fid=353254]

Toward the top of the tower, AJC introduces a distinctive lantern-like element formed by sliding screens. These screens provide both solar shading and privacy while also creating a visual marker for the building within the Chatswood skyline. The feature reinforces the architectural intent of the project, a structure that is visually refined while still responding to the practical requirements of apartment living.

Inside the residences, interior architecture by Hayball focuses on clear spatial flow and practical everyday use. Open-plan living areas connect directly to large balconies, extending the internal living spaces outward and allowing natural light to move deeper into the apartments. Kitchens are designed as central working spaces with premium appliances and carefully selected materials, positioned to serve both daily living and entertaining.

[smartcode_project:default project_id=151353 project_image_fid=353256]

Bathrooms follow a similarly restrained design language, using refined fixtures and materials to create calm, functional spaces, while wardrobe areas adopt a gallery-style layout with integrated lighting and generous storage. These elements reflect a broader design approach that prioritises clarity, functionality, and durability over decorative gestures.

Positioned just a short walk from Chatswood Interchange, residents will have direct access to rail, metro, retail, and dining. The Metro extension allows travel from Chatswood to Martin Place in approximately 11 minutes, placing the CBD within easy reach for residents while maintaining the convenience of a walkable North Shore neighbourhood.

One-bedroom apartments at The Anderson start from $1,022,000.

[smartcode_project_cta:default project_id=151353]

Joel Robinson

How AJC designed The Anderson to bring oversized apartment living to Chatswood

<a href="https://www.apartments.com.au/developers/bridgewell-development">Bridgewell Capital</a> has lodged plans for a major mixed-use apartment development in the heart of Maroubra, seeking a significant uplift in height and density controls to deliver 120 apartments and a 120-place childcare centre near Maroubra Junction.

The State Significant Development application, filed through the NSW Government’s Housing Delivery Authority pathway, covers a 3,270 sqm amalgamated site at 251-257 Maroubra Road and 133-135 Garden Street. The proposal includes a concurrent rezoning that would increase the maximum building height from 12 metres to 35.6 metres and lift the floor space ratio to 4.02:1.

Designed by <a href="https://www.apartments.com.au/architects/bka-architecture">BKA Architecture</a>, the project would replace a mechanic’s workshop and several detached homes with a 10-storey residential building above four basement levels.

The scheme comprises 120 apartments, including 27 affordable housing units to be managed by a community housing provider for 15 years, alongside 203 basement car spaces and 92 bicycle spaces. A childcare centre occupying nearly 900 sqm of floor area would sit at ground level and be capable of accommodating 120 children and 22 staff.

<img alt="First look: Bridgewell plots 120 apartments and childcare centre in Maroubra town centre" data-entity-type="file" data-entity-uuid="038a0639-f9e4-4303-8fcc-d43e73fa480f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bridgewell%20pers.png?VersionId=eGBElxmNqJW.YF3JFYgHTnPgAstdyXR3" />

According to the Design Report, the project has been conceived as a “gateway proposal” that responds to Maroubra’s evolving urban character and its proximity to the town centre.

“Designed to complement the character of Maroubra’s town centre, this gateway proposal features a building scale that matches its surroundings,” the report stated.

“It integrates residential units above a ground-level childcare centre, fulfilling the strategic objectives of the Randwick City Council Masterplan.”

The apartment mix is weighted toward larger residences aimed at families and downsizers, reflecting changing demographics in the Randwick LGA and increasing demand for medium-density housing close to transport and amenity.

BKA Architecture said the proposal seeks to reinforce Maroubra Road as a civic spine while improving the pedestrian experience around the site through landscaping and upgraded public interfaces.

“The design capitalises on the following site opportunities: reinforcement of Maroubra Road as a civic spine, enhancement of pedestrian pathways and the public interface via new landscaping, and strong market demand for two and three-bedroom apartments to support families and down-sizers,” the Design Report noted.

<img alt="First look: Bridgewell plots 120 apartments and childcare centre in Maroubra town centre" data-entity-type="file" data-entity-uuid="ee509779-3c7e-4918-b03d-761c785459d0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bridgewell%20site.png?VersionId=eZC4Ruyn.C7O.Qwfr1SVeP5.ds1c5.66" />

The building has been designed with setbacks and articulation intended to transition between the commercial intensity of Maroubra Junction and the surrounding lower-scale residential neighbourhoods. Communal open space is proposed on level one, while upper-level apartments would secure views towards Port Botany, Maroubra Beach and Sydney’s eastern suburbs.

The development sits around 200 metres east of the Maroubra Junction intersection of Anzac Parade and Maroubra Road, within one of Randwick’s identified strategic centres. The site is close to Pacific Square Shopping Centre, major bus routes, schools, parks and future cycling infrastructure proposed under the Maroubra Junction Masterplan.

The Maroubra proposal aligns with broader NSW Government initiatives encouraging higher-density housing near established centres and transport corridors, particularly where affordable housing is incorporated.

Bridgewell is also working on a <a href="https://www.apartments.com.au/news/qld/goldfields-sets-the-stage-as-quartet-milton-launches">new 55-unit project in Killara</a>.

First look: Bridgewell plots 120 apartments and childcare centre in Maroubra town centre

National diversified developer <a href="https://www.apartments.com.au/developers/goldfields-group">Goldfields</a> has launched its latest Brisbane apartment project, <a href="https://www.apartments.com.au/new-apartments/quartet-milton-33-manning-street-milton-qld-4064">Quartet Milton</a>, marking its entry into the sought-after inner-city suburb just two kilometres from the CBD.

The circa $100 million development will rise 18 storeys and deliver 131 apartments, offering a mix of one, two-, and three-bedroom residences.

Ideally located on Manning Street, Quartet residents will be within 300 metres of Milton Station, 500 metres from the Milton Ferry Wharf, and a short walk to Milton Markets, the iconic Park Road, as well as a range of breweries and cafés.

[smartcode_project:default project_id=108736 project_image_fid=367993]

Designed by architecture firm <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and brought to life by <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>, the building features a simple, gridded façade paired with generous glazing to enhance views, maximise aspect, and capture both sunrises and sunsets from within the apartments and their generously sized balconies.

Residents will have access to a 1,000 sqm rooftop, curated to balance wellness and entertaining, in response to increasing demand for wellness-focused shared spaces.

"We've approached Quartet Milton as a complete lifestyle offering, not just apartments, but a place where the design, amenities, and location all work together in a meaningful way," says Goldfields Managing Director Lachlan Thompson.

"Buyers are looking for that sense of confidence, knowing the vision has been carefully thought through not just by us as developers, but by all our consultants appointed to bring this together, and that it will be delivered to the standard they expect."

[smartcode_project:default project_id=108736 project_image_fid=368000]

Cera Stribley Co-Founder and Managing Principal Domenic Cerantonio said the rooftop is designed to feel like a place "you'd genuinely use every day."

"A 25-metre pool framed by city and mountain views, wellness areas, and private dining spaces for evenings with friends create a setting designed for year-round comfort and effortless Brisbane living."

[smartcode_project:default project_id=108736 project_image_fid=367999]

In addition to the 25-metre pool, the rooftop will include a sauna, cold plunge, fully equipped gym, and zen gardens, all complemented by panoramic views of the city and river.

While the building is expected to appeal predominantly to owner-occupiers, Goldfields anticipates interest from investors seeking strong rental returns, driven by the project's design, location, and the city's projected capital growth in the lead-up to the 2032 Brisbane Olympics.

[smartcode_project:default project_id=108736 project_image_fid=367991]

<a href="https://www.apartments.com.au/developments/milton-qld-4064">Milton</a>, widely regarded as one of Brisbane's most desirable inner-ring suburbs due to its lifestyle offering and proximity to the CBD, has experienced a shortage of new apartment supply in recent years.

Goldfields is already active in the Brisbane residential market through its Ripley Valley masterplanned community, Hayfield. The 109-hectare neighbourhood is already home to more than 300 families and features a large community park.

Plans for the precinct include a 4 km running track, future schools, and retail and commercial amenities, all within a 35-minute drive of the Brisbane CBD.

Goldfields also plans to deliver a new mixed-use tower at 88 Robertson Street in Fortitude Valley, within the James Street precinct. The project will include 16,000 sqm of boutique commercial space, a level of wellness facilities, and a rooftop restaurant and event space, akin to Goldfields House in South Yarra, its flagship mixed-use development on Chapel Street, which is crowned by the Beverly Rooftop bar, one of Melbourne’s best-known venues.

[smartcode_project_cta:default project_id=108736]

Goldfields sets the stage as Quartet Milton launches

<a href="https://www.apartments.com.au/developers/stockland">Stockland</a> and Homes NSW have taken the next major step in the transformation of Waterloo Estate, lodging a Concept State Significant Development Application and concurrent rezoning proposal for the renewal of Waterloo South.

The proposal, now on public exhibition, outlines plans for around 3,300 new homes across the 12.3-hectare precinct. A minimum 30 per cent of residential gross floor area will be delivered as social housing, approximately 20 per cent as affordable housing, and a maximum 50 per cent as market housing. The redevelopment would more than quadruple the number of homes currently on the site and more than double the existing supply of social and affordable housing.

The renewal of Waterloo South forms the first stage of the broader Waterloo Estate transformation and is set to unfold over the next 10 to 15 years. The estate currently contains 750 social housing dwellings and 120 private homes.

<img alt="First look: Stockland and Homes NSW unveil plans for 3,300-home Waterloo South renewal" data-entity-type="file" data-entity-uuid="ba2da34b-171b-4ff1-b0c7-4baf0bce97f2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Waterloo%20public.png?VersionId=S5apPKOqjPHJhk_SzCvdVPxsEBYs300o" />

The proposal, prepared by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a> and Beam Planning, spans 10 street blocks bounded by Cope, Raglan, George, Wellington, Gibson, Kellick, Pitt and McEvoy Streets, directly adjoining the Waterloo Metro Station precinct and within walking distance of Redfern and Green Square stations.

Under the masterplan, building heights would range from two to 33 storeys, delivering approximately 282,485 sqm of residential floor space alongside at least 10,000 sqm of non-residential uses and a minimum 5,000 sqm of community space. The planning framework has been specifically structured to support the mixed-tenure outcome, with the residential gross floor area capped at a maximum 50 per cent market housing allocation.&nbsp;

The Urban Design Report describes the vision as creating “a unique and vibrant mixed-tenure housing precinct that supports the needs of the community and delivers much needed housing in response to National and State Government priorities.”&nbsp;

<img alt="First look: Stockland and Homes NSW unveil plans for 3,300-home Waterloo South renewal" data-entity-type="file" data-entity-uuid="6e1a6d8b-0626-4fa7-94fc-aa91c0af86dc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/waterloo%20per.png?VersionId=duyiJTFOeezTNdM22leI3SoHuqnW6ZaY" />

A major focus of the revised proposal has been increasing the social and affordable housing component. The Minns Government increased the affordable and public housing allocation from 35 per cent to 50 per cent after coming to office in 2023.

Minister for Housing and Homelessness Rose Jackson said the changes were critical to maintaining Waterloo’s social diversity.

“When we came to government, we immediately reviewed the plans for the Waterloo renewal and boosted the number of public and affordable homes from 35 to 50 per cent,” Jackson said.

“This was a crucial step to ensure Waterloo remains a welcoming place for people from all walks of life to call home now and into the future.”&nbsp;

Minister for Planning and Public Spaces Paul Scully said the project would reshape the precinct for generations.

“This concept DA brings thousands of new public, affordable and market homes on the doorstep of the Waterloo Metro station another step closer to reality,” Scully said.

“Importantly, alongside the new homes the plan also proposes new open space where residents and the broader community can gather, relax and play.”&nbsp;

<img alt="First look: Stockland and Homes NSW unveil plans for 3,300-home Waterloo South renewal" data-entity-type="file" data-entity-uuid="867520cb-6e07-4204-885e-53793ac88066" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Waterloo%20public%20a.png?VersionId=lgSI85Q23xBLYLC9NcWKuWZY2HfP4zQ3" />

Stockland Managing Director and CEO Tarun Gupta said the project had been shaped around long-term liveability and community infrastructure.

“As delivery partner, Stockland is proud to be working with the NSW Government on the renewal of Waterloo South – a significant project with community at its heart,” Gupta said.&nbsp;

The planning documents place strong emphasis on “Designing with Country,” recognising the site’s location on Gadigal land. The masterplan incorporates new east-west pedestrian links, activated streetscapes, rooftop communal spaces, retail frontages, and landscaped public areas intended to improve permeability and community connection throughout the estate.&nbsp;

The proposal also seeks to establish a more flexible planning framework for future detailed SSDAs, including updated provisions for educational uses, creative industries, rooftop communal areas, and active frontages. A minimum seven per cent of residential floor space will be delivered as affordable housing managed in perpetuity by community housing provider City West Housing.&nbsp;

The Social Impact Assessment prepared by Urbis describes the renewal as one of Australia’s most significant public housing transformations, identifying substantial long-term positive impacts associated with housing supply, accessibility, public domain improvements, and community infrastructure.&nbsp;

Stockland and Homes NSW have already commenced the first stage of resident relocations, with some tenants moved into newly completed homes at Waterloo Metro Quarter and the Boronia development nearby.

First look: Stockland, NSW Gov, unveils plans for 3,300-home Waterloo South renewal

<a href="https://www.apartments.com.au/new-apartments/smith-by-valli-collingwood-224-228-smith-street-collingwood-vic-3066">Smith Collingwood</a> is a new boutique apartment development bringing a refined, design-led approach to one of Melbourne’s most established inner-city neighbourhoods.

Designed by <a href="https://www.apartments.com.au/architects/pandolfini-architects">Pandolfini Architects</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/lisa-buxton-interiors">Lisa Buxton</a>, Smith by Valli sits on iconic Smith Street and comprises just 22 residences tailored toward owner-occupiers seeking a more considered style of apartment living.

[smartcode_project:default project_id=140747 project_image_fid=367540]

The design of Smith focuses on a north-facing orientation across all residences, a relatively uncommon feature in dense inner-Melbourne settings. Each apartment has been planned to maximise natural light and outlook, alongside a material palette defined by warm tones, custom joinery, and a full suite of Gaggenau appliances.

The development comprises a mix of one, two, and three-bedroom apartments, with pricing currently ranging from just under $1 million to around $4.85 million for the premium penthouse-level residences, reflecting growing demand for luxury owner-occupier product in Melbourne’s inner urban market.

Residents will also have access to a private rooftop garden designed as an elevated retreat above the city, &nbsp;featuring curated landscaping, veggie boxes, intimate seating areas and spaces for relaxed gatherings. Sustainability has also been integrated into the project through a 7-star energy rating and two secure bicycle facilities for every residence.

[smartcode_project:default project_id=140747 project_image_fid=367529]

Smith by Valli sits in the heart of one of Melbourne’s most established retail and hospitality strips, within walking distance of venues such as Falco Bakery, Carnation Canteen and Alimentari, alongside parks and everyday services. With a Walk Score of 99, the location reinforces the project’s positioning toward buyers prioritising walkability and access over car dependency.

With only a limited number of residences, Smith reflects growing demand for smaller, highly curated apartment developments that prioritise design quality, liveability, and connection to neighbourhood character.

[smartcode_project_cta:default project_id=140747]

Smith by Valli delivers design-led apartments to Melbourne’s inner north

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?

Demand has soared at AURA, Aqualand's $1 billion North Sydney mixed-use tower, with 70 per cent of the first stage already sold.

Local downsizers have been the keenest of buyers so far in the luxury tower, with three-bedroom apartments priced from $3 million proving the most popular as house prices skyrocket across the state.

Two of the sub penthouses sold for $8 million and $8.15 million, with one of the penthouses selling to a local Mosman downsizer.

&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=184943]

The attraction for the majority of buyers was the mixed of being in a leafy residential location, near North Sydney Oval, while also being aware of all of the transformation of the suburb with extensive investment planned.

Heavy government and private investment in North Sydney has been laid out,&nbsp;with 19 key projects to reinforce Miller Street as the civic spine of North Sydney, delivering over 17,000 sqm of new parks and plazas, creating a new network of laneways, and improving pedestrian safety and amenity.

The closure of Miller Street to cars will open a 7,450 sqm public plaza outside the Metro Station and a new smaller plaza outside the post office.

Plans are in place to turn the tramway viaduct into a large active recreation space and new laneways running between buildings and spaces will create hidden pockets of North Sydney, with&nbsp;new cafes and bars and walking trails.

[smartcode_project:default project_id=30959 project_image_fid=181068]

The new Sydney Metro Victoria Cross station, adjacent to AURA, adds another transportation option to the number of trains, buses, ferries, pedestrian and cycling paths at its doorstep, in addition to the freeways in each direction.

Barangaroo is accessible by train in just three minutes.

AURA, at 168 Walker Street, has been designed by award-winning architects Woods Bagot and Richards Stanisich with views overlooking Sydney Harbour, Sydney CBD and North Sydney Oval top of the design thinking.

Apartments feature a simple&nbsp;palette of white marble as a backdrop for the of natural light that comes in through floor-to-ceiling windows, augmented by mirrored surfaces, glazed walls and translucent screens. Residents can choose from three&nbsp;colour schemes—dark, mid, and light.

[smartcode_project:default project_id=30959 project_image_fid=181048]

Marble benchtops anchor kitchen spaces, while marble flooring sits below tall mirrors with dark bronze powder-coated framing in the bathrooms.&nbsp;The bathrooms&nbsp;also feature&nbsp;highest standard in materials—from toughened fluted glass to premium tiling and marble.

All apartments offer an open space living to winter gardens, while apartments feature a multi-functional room that facilitates use as a secondary living area, an office, or bedroom.

Aqualand has also just launched its new hospitality arm, Etymon Projects, incorporating a dedicated, world-class concierge service designed to create a 360-degree lifestyle development offering with exceptional service.

Aqualand’s vision is to bring the 5-star hotel experience to its developments by combining traditional concierge services with lifestyle management for the first time.

[smartcode_project:default project_id=30959 project_image_fid=181066]

The new service takes its lead from New York, China, Singapore and Hong Kong luxury apartment living, where applying hotel services and a hospitality ethos to homes isn’t new. In addition,&nbsp;Etymon Project’s next-level The Club will custom-fit its services to fit individual lifestyles.

Options will include Home Management (grocery put away, coordinating tradespeople, watering plants and vehicle maintenance) and Home Event Planning (dinner parties, children’s birthdays and more).

Etymon Projects will also manage a providore, artisan bakery, casual diner and a contemporary Japanese eatery in AURA’s vibrant culinary precinct, acting as an extension to residents&nbsp;apartments and a social anchor for the local community.

[smartcode_project_cta: project_id=30959]

The attraction for the majority of buyers was the mixed of being in a leafy residential location, near North Sydney Oval, while also being aware of all of the transformation of the suburb with extensive investment planned

Downsizer's drive stage one of Aqualand's $1 billion North Sydney apartment tower AURA to 70% sold

The ASX-listed property developer, Mirvac, has submitted plans for its Hills Shire masterplanned community.

Coonara by Mirvac, in West Pennant Hills, will see 418 dwellings created across the near 26-hectare block of land bordering the Cumberland State Forest. Around 10 hectares of remnant bushland will be dedicated to the Stage Government as public open space.

There will be four apartment buildings, and the rest of the residences townhouses.

<a href="/new-apartments/55-coonara-avenue-by-mirvac-apartments-55-coonara-avenue-west-pennant-hills">To be the first to be notified about the next stage of this development, enquire here.</a>

"The concept plan for 55 Coonara Avenue adopts a country-centred approach, underpinned by the preservation and regeneration of vast areas of native forest for the benefit of all living beings," Mirvac noted in their submission to the Hills Shire Council.

"By prioritising the natural environment, the result is a compelling new housing typology and development that will be unprecedented in this local government area.

<img alt="" data-entity-type="" data-entity-uuid="" height="730" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/mirvac_aerial_main.jpg" width="1200" /> 
An aerial of the proposed masterplan. Image credit: Mirvac

"It intends to set a new benchmark in socially and environmentally sustainable residential development."

It's been a six&nbsp;year process for the Mirvac Design team to get to this point.&nbsp;

Feedback from the&nbsp;2019 planning proposal exhibition process has seen Mirvac pivot away from the higher density living, with concerns raised of the number of apartment&nbsp;buildings when there were nine planned.

<a href="/new-apartments/55-coonara-avenue-by-mirvac-apartments-55-coonara-avenue-west-pennant-hills">To be the first to be notified about the next stage of this development, enquire here.</a>

Dwelling numbers were also reduced from the 2020 rezoning, down 30 per cent from a permissable 600 to 418. Mirvac also increased the average and&nbsp;minimum lot size, from 86 sqm&nbsp;permissible to a minimum range of 150 sqm&nbsp;to 500 sqm.

<img alt="" data-entity-type="" data-entity-uuid="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/mirvac_townhouses.jpg" width="1200" /> 
Three views of the proposed masterplan. Image credit: Mirvac

The design response of the masterplanned community&nbsp;sought to capture the natural character of the remnant forest.

"Public spaces, streets and buildings are inspired by the idea of living in harmony with nature.

"The proposed design will have a distinct and contextual expression, one that is not urban nor suburban but specific to its unique context."

<a href="/new-apartments/55-coonara-avenue-by-mirvac-apartments-55-coonara-avenue-west-pennant-hills">To be the first to be notified about the next stage of this development, enquire here.</a>

Houses will terrace across the topography, and will be integrated with surrounding parks and forest areas. There will be a mix of two to three-storey dwellings, with a range of floor plans catering for larger families and multigenerational living.

"The architectural expression of the apartment buildings is inspired by the idea of tree-house living, where the overall built form is broken down into a series of smaller, seemingly random, yet complimentary architectural elements echoing the organic order of nature."

Mirvac suggest the configuration mix of apartments addresses a notable gap in the current housing supply at West Pennant Hills.

<img alt="" data-entity-type="" data-entity-uuid="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/coonera_by_mirvac_apartments.jpg" width="1200" /> 
Four perspectives of the proposed apartment buildings. Image credit: Mirvac

Around 1,045 residents will call Coonara by Mirvac home when it is completed. The apartments are set to be the last stage.

Currently a redundant and obsolete business park, it will be the first time in around a century that the natural forest environment will be publicly accessible to the community.

"The concept plan seeks to extend the experience of the forest from the edges of the site into the heart of the development, and on to the doorstep of future residents and the local community," Mirvac added.

<a href="/new-apartments/55-coonara-avenue-by-mirvac-apartments-55-coonara-avenue-west-pennant-hills">To be the first to be notified about the next stage of this development, enquire here.</a>

"The beauty and importance of the remnant native bushland with Blue Gum High Forest and Sydney Turpentine Ironbark Forest is paramount.

"The protection of this precious environment through a sensitive and design-led approach will ensure the distinct qualities of this remarkable place will be protected and enjoyed in perpetuity by all living being."

"By prioritising the natural environment, the result is a compelling new housing typology and development that will be unprecedented in this local government area."

Mirvac lodge concept plans for Coonara by Mirvac, Hills District masterplan 

It&#39;s been over seven years since Iris Capital first earmarked what will likely be one of the most impressive redevelopments in the affluent harbourside suburb of Potts Point.

Iris Capital, led by the local hotelier and developer Sam Arnaout, has slowly amalgamated a larger site, including Potts Point institutions&nbsp;the Bourbon and Beefsteak pub and Les Girls nightclub, to create an ideally located 2,500 sqm from 18-32 Darlinghurst Road, at the top of Macleay Street.

Now Iris are set to launch the $350 million redevelopment, which will see 48 apartments, not including a handful of penthouses with private pools, spread&nbsp;apartments across five buildings, each with their own art-deco identity. The buildings will be known as Sovereign, Regent, Consort, Monarch and Empress.

[smartcode_project:default project_id=5570 project_image_fid=185765]

The development application&nbsp;went before the City of Sydney council in 2018, before being approved earlier this year.

&ldquo;I have long been a big believer in this pocket of Potts Point, and the Queensgate vision is one which we have been working incredibly hard at for some time now,&rdquo;&nbsp;Arnaout said.

[smartcode_project:default project_id=5570 project_image_fid=180676]

&ldquo;Breathing new life into key destinations with high quality redevelopment is one of the hallmarks of Iris Capital and we are extremely eager to see this unique revitalisation come to fruition in the coming months.&rdquo;

Ben Stewart, a director at CBRE Sydney, says Queensgate is&nbsp;one of&nbsp;the most hotly anticipated releases the Eastern suburbs for a number of years.

&ldquo;Queensgate symbolises the next phases in the Potts Point renaissance, one which pays tribute to Potts Point&rsquo;s art deco roots while moving forward with a contemporary collection of sophisticated residences,&rdquo;&nbsp;Stewart said.

[smartcode_project:default project_id=5570 project_image_fid=185762]

Just 48 high-end apartments will be on offer across a selection of one, two and three-bedroom apartments,&nbsp;in addition to an exclusive collection of ultra-luxury penthouses with private pools.

A selection of three-bedroom apartments will also house their own private wine cellar.

[smartcode_project:default project_id=5570 project_image_fid=180675]

Apartment prices start from $1.8 million for the one-bedroom units , $2.8 million for two-bedrooms, $5 million for the three-bedrooms,&nbsp;and $10 million for penthouses.

&ldquo;We&rsquo;ve already seen strong interest from both local and interstate buyers who are eager to get their hands on an incredibly rare product set in one of the city&rsquo;s most thriving dining and retail cultures,&quot; Stewart added.

&ldquo;Residents will be able to step out their front door and straight into a world class collection of caf&eacute;s, boutiques and bars, nestled in an activated laneway with fantastic new amenity and upmarket retail.&quot;

Each residence features&nbsp;artistic finishes, soaring ceilings, a limited collection of private wine cellars, and large&nbsp;walk-in wardrobes, all encased in a&nbsp;heritage fa&ccedil;ade.

As the home of Australia&rsquo;s highest concentration of art deco buildings and some of Australia&rsquo;s earliest block of flats, Potts Point&rsquo;s cityscape is one of juxtaposition, where modern high rises border historic landmarks.

Queensgate&rsquo;s design was bred from a diversity of input including architects Panov Scott and Tonkin Zulaikha Greer (TZG) who devised five distinct personalities for each of the buildings, and interiors by TZG and BKH.

[smartcode_project:default project_id=5570 project_image_fid=180674]

&ldquo;Our philosophy has always explored the crossover between art and architecture, and Queensgate epitomes that intersection of high-end design,&rdquo; said Tim Greer, Director of TZG.

&ldquo;We wanted to produce a collection of homes that were deeply reflective of the Potts Point character while offering the most high-end and modern luxuries available in residential design.&rdquo;

Iris Capital has been busy in the Gold Coast as well as Sydney, recently launching their first Surfers Paradise development, Victoria &amp; Albert.

The $800 million mixed-use development will feature more the 330 apartments across two residential towers rising 30 and 40 levels.

[smartcode_project:default project_id=107928 project_image_fid=178909]

The East tower known as The Albert will comprise 114 two, three and four-bedroom apartments over 30 levels.

The west tower, known as The Victoria, will rise over 40 levels and deliver 219 apartments of one, two and three bedrooms.

[smartcode_project_cta: project_id=5570]

“I have long been a big believer in this pocket of Potts Point, and the Queensgate vision is one which we have been working incredibly hard at for some time now,” Arnaout said

Iris Capital prepare launch of Queensgate, the hotly anticipated Potts Point apartment redevelopment

Developer Mayrin Group&#39;s latest apartment development, Verset, has been strategically located in the hear of Rouse Hill, in Sydney&#39;s growing north-west precinct.

Verset enjoys the best that the north west has to offer, in close proximity to business, transport, health and education.

Situated at Adonis Avenue, Verset&#39;s individual buildings are divided by pergola-shaded courtyards, with landscaped pathways, lush plantings and calming spaces.

A collection of low-rise buildings, each with a boutique feel, Verset boasts a collection of one, two and three-bedroom apartments with spacious floorplans.

Many of the apartments encompass versatile media areas or studies that can be used as desired and all feature security parking with lift access.

[smartcode_project:default project_id=24445 project_image_fid=175482]

Interiors include free-flowing entertainment spaces, sophisticated finishes and sun-soaked spaces thanks to floor-to-ceiling windows.

Apartments floor into generous gardens and covered terraces to respond to indoor-outdoor living, while courtyards feature a children&rsquo;s play area and barbeque facilities.

The kitchens boast a streamlined design, and integrate a warm, tonal palette with high-quality features and finishes.

Among these include engineered stone benchtops, breakfast bars and quality stainless steel appliances.

Bathrooms are defined by clean lines and clever use of space, finished with hardwearing porcelain tiles with a bold feature wall for visual impact.

[smartcode_project:default project_id=24445 project_image_fid=175483]

In the bedroom, Verset residences include mirrored built-in robes and intelligently-designed ensuites.

According to the developers, Rouse Hill is blessed with plenty of recreational attractions, from parks and playgrounds to sporting fields and cycle paths.

Nearby schools, both private and public, are reputable, with Western Sydney University also conveniently close by, reflecting the family friendly nature of the area.

Verset is just a 10 minutes&rsquo; walk from the nearby metro station and the Rouse Hill Town Centre, a bustling retail hub poised for a further $300 million expansion.

Nearby Norwest Private Hospital is set to undergo a major upgrade and there are also plans to construct a brand new $300 million hospital nearby on Windsor Road.

[smartcode_project_cta: project_id=24445]

A collection of low-rise buildings, each with a boutique feel, Verset boasts a collection of one, two and three-bedroom apartments with spacious floorplans

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How Rouse Hill apartment development Verset takes advantage of its prime north-west Sydney location

Mirvac has acquired an 80-hectare parcel of zoned land in Cobbitty, Camden, which it plans to turn into a new masterplanned community to respond to the surging demand for new homes in Sydney&rsquo;s south west.

The property development group secured the south west growth corridor site from Australian property funds and development firm, Roberts Jones.

Colliers agent Frank Oliveri, who was responsible for the deal, said the transaction helped reflect the strength of the residential development site market in Western Sydney.

&ldquo;This property was highly sought after by both institutional developers and a number of the large home builders in the region.

&ldquo;Residential lots have increased by over 25% in many parts of the market and developers have paid higher prices to secure land stock in the short to medium term&rdquo;, Oliveri said.

Adjacent to the existing suburbs of Oran Park and Harrington Grove, the future community is set to deliver approximately 950 land lots from 225sqm to 1,000sqm, playing fields, a future town centre and community facilities, subject to approval.

Located less than 10 kilometres away from Mirvac&rsquo;s recently completed Crest project at Gledswood Hills, the project will continue the developer&rsquo;s legacy in south west Sydney, according to head of residential, Stuart Penklis.

&ldquo;Having successfully delivered Crest, we&rsquo;re excited to once again be in a position to contribute to Sydney&rsquo;s rapidly evolving south west corridor&rdquo;, he said.

&ldquo;Future residents will relish the picturesque rural aspects of this countryside setting, while benefitting from the adjacent Macarthur Anglican school and other established amenity of Oran Park.&rdquo;

According to Penklis, land and homes in this area are experiencing strong demand due to significant local infrastructure investment including the new Western Sydney International Airport and Aerotropolis now taking shape.

&ldquo;Our passion for reimagining urban life and our commitment to best practice design, sustainability and placemaking principles will guide the vision and masterplan for this new community&rdquo;, he said.

An initial development approval for the first 150 lots is expected to be filed shortly, targeting early activation of the amenity in order to set the foundations for a sustainable, connected community.

The project is expected to be released in mid-2022.

Mirvac has acquired an 80-hectare parcel of zoned land in Cobbitty, Camden, which it plans to turn into a new masterplanned community 

Mirvac secures 80-hectare site to deliver a brand-new masterplanned community in Sydney’s growing south west

Sydney is approaching a point in the real estate cycle where growth in apartment values is nearly matching the growth in the housing market,&nbsp;CoreLogic&#39;s&nbsp;monthly Hedonic Home Value Index found.

Apartment values rose 0.7 per cent over November, compared to the one per cent gains in houses. For context, across March this year, Sydney houses posted double the growth of apartments, 4.3 per cent in a single month compared to 2.1 per cent for&nbsp;apartments.

Sydney apartment values are now 15.3 per cent up over 2021, just over half of the nearly 30 per cent gains for houses. That&#39;s stretched the median gap between apartments and houses in the harbour capital to $523,000.

Sydney&#39;s median apartment value is now $837,000, compared to $733,000 at the start of 2021.

[smartcode_project:default project_id=7758 project_image_fid=150461]

Although values are continuing to rise across the country, the November result was the softest outcome since January when values rose 0.9 per cent.

Tim Lawless, CoreLogic&rsquo;s research director, says the slowdown in the pace of growth is due to a number of reasons.

&ldquo;Virtually every factor that has driven housing values higher has lost some potency over recent months,&quot; Lawless noted.

&quot;Fixed mortgage rates are rising, higher listings are taking some urgency away from buyers, affordability has become a more substantial barrier to entry and credit is less available.

&ldquo;With such a large value gap between the broad housing types, it&rsquo;s no wonder we are seeing demand gradually transition towards higher density housing options simply because they are substantially more affordable than buying a h​ouse.&quot;

Sydney's median apartment value is now $837,000, compared to $733,000 at the start of 2021

Sydney apartment insights: What happened to Sydney apartment values in November?

Sydney's Manly had the nation's top recorded apartment sale last week when $5,425,000 was paid for an apartment on North Steyne.

The 6/93-95 North Steyne is positioned on Manly’s coveted beachfront strip with a north east aspect.

It sits in the Manly Oasis complex.

The 210 sqm apartment had been recently renovated before its sale through Clarke & Humel.

It is three bedrooms, three bathrooms plus study area.

It last sold in 2007 at $1.963 million. It first sold in 1991 at $540,000.

There was a national 63 percent auction success rate for apartments and townhouses over the past week, according to CoreLogic.

Sydney saw a slightly higher 67 percent success rate.

The apartment is located on North Steyne 

jchancellor-FAypfDUnLy

$5.425 million Manly apartment tops weekly apartment sales

The landmark City Tattersall Club, in the heart of the Sydney CBD, has been given the greenlight to convert the building in to a 50-storey mixed-use tower.

At the helm of the project is the Melbourne-based ICD Property, who will develop the project alongside the Singapore-listed First Sponsor.

The Central Sydney Planning Committee issued formal approval this week for the plans by the local architect, BVN Architecture. The local architecture firm, fjmt studio, will&nbsp;oversee all heritage design aspects of the redevelopment, highlighting the building’s&nbsp;historic features and the design of the City Tattersalls Club’s interiors.

The affectionally known "City Tatts Club", at 194-204 Pitt Street, will be&nbsp;revitalized,&nbsp;with upgrades to the Club’s heritage ground floor including new ground floor retail and restaurants, an upgraded lower bar and grill, a state-of-the-art commercial wellness centre, new bars and sophisticated lounge areas, event spaces, and an innovative co-working club.

[smartcode_project:default project_id=12428 project_image_fid=152518]

A podium will be built&nbsp;on top of the existing heritage floors, with a tower above comprising a 101-room hotel and 241 high-end residences.

ICD Property Managing Director Matt Khoo said it was a "huge honour" to be handling the project.

“To be able to redevelop the City Tattersalls Club, one of Sydney’s longest standing institutions, and preserve that rich history for future generations to enjoy, is a huge honour,”&nbsp;Khoo said.

[smartcode_project:default project_id=12428 project_image_fid=152515]

“Developing new residences in the very heart of Sydney’s CBD, surrounded in every direction by the city’s best shopping, dining, and entertainment precincts such as Westfield Pitt Street, Haymarket, Darling Harbour, Hyde Park, China Town, and Circular Quay – is also not something you see every day.&nbsp;

"We could not be more excited by this rare opportunity.”

[smartcode_project:default project_id=12428 project_image_fid=152517]

In response to securing approval for their first Sydney development project, First Sponsor’s Group CEO Neo Teck Pheng said the location of the City Tattersall Club is one of the most sought-after in the country.

“We have always been attracted to the Australian property market which has seen stable, long-term growth and a particular uptick in the residential sector within the last 18 months," Pheng said.

"The City Tattersalls Club redevelopment was particularly appealing due to its location in what is arguably the most highly sought-after real estate location in the whole of Australia, as well as the hands-on partnership with ICD Property whose collaboration and local knowledge has been extremely valuable to guiding this project forward.”

The premium apartments occupying the top floors of the tower will offer views over Sydney’s city skyline and harbour and give residents exclusive access to premium amenities including a number of multi-purpose rooms, private dining lounges and a luxurious outdoor deck with BBQ and entertainment rooftop facilities.

Apartment are expected to launch to the market in Q2 2022, with construction expected to follow soon after in the middle of the year.

<a href="/new-apartments/sydney-house-194-204-pitt-street-sydney">To keep up to date with the development and its launch, enquire here</a>

ICD Property Managing Director Matt Khoo said it was a "huge honour" to be handling the project.



Sydney's City Tattersall redevelopment gets sign off for apartment and hotel project

Byron Bay&rsquo;s sustainable master-planned community Harvest, by Tower Holdings, will be the biggest house and land release in Byron in decades.&nbsp;

It will feature 149 energy-efficient homes set on a 150 acre property.

Every home will include water tanks, solar panels, electric vehicle chargers and Tesla home batteries. 
&nbsp; 
Existing bushland within site will be retained and enhanced through rehabilitation works.&nbsp;

The site plan will also conserve 38.4 hectares of existing vegetation, including 2.9 ha of existing frog habitat, to preserve endangered species of Wallum Froglet and Wallum Sedge-Frog.&nbsp;

<img alt="" height="600" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/byron_bay_townhouses.jpg" width="1200" />

The community will have a strict &lsquo;no dogs and cats as pets&rsquo; rule to further protect native wildlife.

Terry Agnew&rsquo;s Tower Holdings paid $7m for the then-farming zoned parcel in 2014 with his then partner Villaworld hoping for a 300-lot estate.
 
&nbsp; 
Two of Australia&rsquo;s leading building companies, Metricon and Brighton Homes, have designed Harvest&rsquo;s homes on the site off Ewingsdale Road.

Knight Frank agent Adam Ross will be heading the sales in conjunction with Byron Bay First National&rsquo;s Chris Hanley and Su Reynolds who marketing the initial batch of homes, expected to sell for over $3 million each. There will be a 10 lot auction on December 18.

The last big estate launch was in 2015 when the late John &#39;Strop&#39; Cornell sold his 40 plus Fig Tree Fields, Ewingsdale building blocks, with buyers then designed their own homes.

Metricon and Brighton Homes have designed Harvest’s homes

Harvest, Byron Bay to have 149 energy-efficient houses

First-time buyers in NSW are overwhelmingly looking to buy a home rather than an investment property, according to exclusive research by InfoTrack.
 
The latest InfoTrack Property Market Update revealed 84 per cent of first-home buyers in NSW purchased as owner occupiers.

Some 47 per cent sought a house and 37 percent went for a strata property.

Another 15 per cent were buying vacant land with the plan of becoming an owner occupier.
 
The data also showed that the majority of first-home buyers said they would consider paying an average of $600,000 to $700,000 for a home – the top of the threshold to avoid expensive stamp duty fees in NSW.
 
“This strategy tells me these buyers are savvy and want to make the most of every exemption available to them. While it does limit property choices, it ultimately drives first-home buyer behaviour and lightens the load at settlement time when the costs come together,” according to InfoTrack CEO John Ahern.

Ahern noted throughout 2021 that first-home buyer activity has been in decline after peaking in March. 

Mr Ahern said despite this decrease, those getting into the market know just what they want.

“Buying a first home in a location based on affordability seems to be step one towards owning a property in a more desirable location. 

"Given the recent hike in property prices, securing a first home can really set buyers up with healthy capital gains in a relatively short timeframe. 

"It’s also a sensible move that offers them an opportunity to think about what their second property purchase might look like,” he said.

Over the past 12 months, a majority of first-home buyers in NSW (55 per cent) made their property purchase alone, or only listed one name on the title. 

“What I see when I look at this data is that property ownership is an attractive investment strategy regardless of whether you purchase independently, or jointly with others. It also indicates that there are more individuals with higher disposable incomes who can afford to buy their first home self-sufficiently,” Mr Ahern said.



The data showed that the majority of NSW first-home buyers said they would consider paying between $600,000 to $700,000 for a home 

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