For most new apartment buildings, the Owners Corporation starts life with little more than a bank account and the first quarterly strata levies.

At <a href="https://www.apartments.com.au/buildings/9-gay-street-castle-hill-9-gay-street-castle-hill-nsw-2154">9 Gay Street</a> in <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>, it starts with around $7 million in reserve.

It's an unusual legacy of what was once one of Sydney's highest-profile apartment remediation projects. When the development, originally known as Skyview and built by disgraced developer Top Place, came under scrutiny by then NSW Building Commissioner David Chandler, an $11 million remediation bond was negotiated to ensure any building defects could be fully rectified.

The building underwent an 18-month remediation program, during which around $4 million of that bond was spent bringing the building up to the standard it should have been in from the outset.

After extensive inspections, all active rectification orders have been lifted. What's more, around $7.2 million remains secured for the Owners Corporation for the next 15 years.

In a twist few would have predicted, what began as a significant concern for purchasers has left the building with something almost unheard of in the apartment market: a multi-million-dollar financial reserve from day one.

[smartcode_project:default project_id=147685 project_image_fid=359136]

<a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a> Executive Chairman Greg Huxley said the structure offers buyers a level of certainty that is difficult to replicate.

"The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers," Huxley said.

"Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind."

The apartments themselves have been designed with a focus on practical, contemporary living. Interiors feature Smeg appliances, stone benchtops, tiled living areas, carpeted bedrooms, 2.7-metre ceilings, floor-to-ceiling glazing, and ducted heating and cooling throughout.

Residents also have access to a range of shared amenities, including two rooftop barbecue areas, a swimming pool, children's playgrounds, secure building access, storage cages, and visitor parking.

The location continues to be one of the project's strongest drawcards. Castle Hill Metro Station sits virtually on the doorstep, providing direct connections across Sydney's expanding Metro network, while Castle Towers offers extensive retail, dining, entertainment, and service amenities within walking distance.

[smartcode_project:default project_id=147685 project_image_fid=359127]

The building, now named after its location at 9 Gay Street, comprises a diverse mix of one-, two-, and three-bedroom apartments starting from just under $600,000.

Equitifund National Sales Director Ben Hamblett said demand in the Hills District continues to be driven by buyers seeking convenience and connectivity.

"Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre," Hamblett said.

"There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living."

On top of the long-term protection afforded by the remaining $7.2 million bond, Equitifund is offering a limited-time stamp duty rebate on selected apartments.

Eligible purchasers can also secure finance options, including a 3.99 per cent two-year variable rate, loan-to-value ratios of up to 90 per cent, and interest-only lending options through EquitiCredit.

[smartcode_project_cta:default project_id=147685]

Joel Robinson

Why this Castle Hill apartment building starts with a $7 million advantage

For much of the past few years, conversations about Australia's property market have centred on the rapid growth seen in Sydney, Brisbane, Gold Coast, and Perth. <a href="https://www.apartments.com.au/developments/melbourne-vic-3004">Melbourne</a> has followed a different trajectory.

That relative underperformance is now encouraging some buyers to reassess the city, particularly those willing to look beyond short-term market movements and focus on quality property in established locations, along with the long-term growth prospects of a city expected to overtake Sydney as Australia’s most populous.

John Bekiaris, Research &amp; Market Insights at <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a>, said Melbourne's current position is attracting increasingly sophisticated purchasers.

"Melbourne continues to present one of Australia's strongest long-term investment stories," Bekiaris says.

"While other capital cities have experienced stronger recent growth, that relative underperformance is exactly what's attracting sophisticated counter-cyclical investors."

[smartcode_project:default project_id=1979 project_image_fid=363268]

Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

[smartcode_project:default project_id=1979 project_image_fid=363229]

The apartments have been designed with owner-occupiers firmly in mind.&nbsp;Open-plan living and dining areas flow onto generous balconies framing views across Albert Park Lake, Fawkner Park, the Royal Botanic Gardens and the Melbourne skyline.

Kitchens feature Gaggenau appliances, stone benchtops and generous preparation space. Bedrooms include built-in robes, while bathrooms feature full-height textured tiling. Hardwood flooring and ducted air conditioning complete residences designed for long-term living.

Rothelowman's architecture takes its cues from the landscape opposite the site. Sweeping horizontal glazing references the movement of Albert Park Lake, while generous balconies and expansive glazing strengthen the connection between the apartments and the surrounding parklands. The result is a building designed to deliver the scale and amenity expected of luxury apartment living, while offering the larger floorplans increasingly sought by owner-occupiers.

[smartcode_project:default project_id=1979 project_image_fid=363284]

The location is one of Victoriana's defining characteristics. Positioned on Queens Road, residents are directly opposite Albert Park Lake and within easy reach of Fawkner Park, the Royal Botanic Gardens, South Melbourne, St Kilda Road and the CBD. With few comparable development opportunities remaining in the precinct, buyers are increasingly placing value on outlooks that are unlikely to be interrupted by future construction.

Greg Huxley, Founder of Equitifund, believes those qualities become even more valuable over time.

"Premium real estate has always rewarded buyers who take a long-term view," Huxley said.

"Victoriana represents the kind of asset that's increasingly difficult to recreate today, particularly in an established location like Queens Road."

He said rising construction costs are also changing the way buyers assess completed developments.

"When you combine an irreplaceable location with thoughtful architecture and premium finishes, you create something that becomes increasingly difficult to reproduce as construction costs continue to rise."

[smartcode_project:default project_id=1979 project_image_fid=363228]

According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

[smartcode_project_cta:default project_id=1979]

Why now is the time to buy in Melbourne's premium apartment market

Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

La Vera closes in on completion as Macquarie Park continues residential transformation

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?

With house and land packages seeing a surge in popularity, bolstering housing supply ahead of the restart of post COVID-19 immigration could improve housing affordability, according to the new Stockland managing director Tarun Gupta.

Gupta, who spent 26 years at Lendlease, has just taken over from Mark Steinert at Australia&#39;s largest listed residential house and land developer.

&ldquo;A lot of the heat currently is in established home prices, which is where price increases are coming through,&rdquo; Mr Gupta told The Australian.

He added that ensuring supply would stop prices rising too high, which had been&nbsp;creating&nbsp;affordability problems and stopping people getting into the market.

&ldquo;We think supply needs to come in and kick in at the moment,&rdquo; he said.

&ldquo;Over time, especially as immigration starts to come up in future years, there&rsquo;ll be more demand, right across the market. Supply is very important to moderate prices, because affordability is good at the moment because of low interest rates,&rdquo; he said.

&ldquo;Even though we don&rsquo;t have migrants coming to the country at the moment we have had a lot of Australians returning back to the country who have supported, probably more the established home market, but that is still driving a halo effect on the market that we service,&rdquo; he said.

He said outer suburban and regional markets were drawing people looking for larger homes and better amenities, partly due to the pandemic, which allowed for flexible working from home.

&ldquo;We are selling a very large proportion of our homes to owner-occupiers who are really making the choice to come and live in our community.&quot;

But buyers are being forced further and further out, Richard Rhydderch, general manager of residential communities NSW for developer Stockland, told Domain.

[smartcode_project:default project_id=99962 project_image_fid=160807]

&ldquo;There&rsquo;s a real lack of supply in greenfield areas, and that will continue until the government releases more land or accelerates rezoning,&rdquo; he says.&nbsp;

&ldquo;And with people being pushed further from the centres, we need better infrastructure and access to jobs, which requires significant investment from local and state governments.&rdquo;

At the moment, Stockland is allocating buying opportunities to people who register their interest as soon as a new parcels of land are released.

It is not unknown to take 1000 requests for 20 blocks in the first three minutes.

&quot;There&rsquo;s a lot of people being constantly disappointed,&rdquo; Rhydderch said. &ldquo;And that isn&rsquo;t good to see.&rdquo; 
&nbsp;

Tarun Gupta said that ensuring supply would stop prices rising too high

jchancellor

Stockland boss says house and land supply is needed ahead of return of migration

Tech entreprenuer Robin Khuda has plans to redevelop the Palm Beach fish and chip shop into six apartments above retail premises on Sydney&#39;s northern peninsula.

Khuda made his $600 million fortune from data centres, but has recently become a significant property investor and developer.

His plans involve&nbsp;modifying a 2014 approved development application for four apartments, with the council consent slightly&nbsp;commenced.

The latest plans are for a three-storey, apartment shop top project next door to historic Barrenjoey House.

Khuda spent $6 million on the local fish and chip shop premises.

<img alt="" height="645" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/mills_1.jpg" width="1200" /> 
The proposed plans by Rob Mills Architecture. Image source: Northern Beaches Council

There are also plans on the other side of Barrenjoey House for a site bought by developer IPM which is set for a four-storey building featuring ground floor retail and eight three-bedrooms&nbsp; 
apartments.

Council records show early site works had also been commenced at this site, with a 2014 commencement certificate at the 1112 - 1116 Barrenjoey Road site.

Local agents have suggested the projects will&nbsp;see Palm Beach head towards being another Noosa.

Khuda, founder and chief executive of AirTrunk, has commissioned architect, Rob Mills, to oversee his amended project.

The section 455 modifications application gives a $2.32 million cost of work.

The previously approved building heights are increased by 817mm to accommodate ADG compliant floor to floor heights, with the additional height sought to be justified having regard to &quot;the superior building design, amenity and broader urban design outcomes achieved.&quot;

Dozens of locals have lodged objections.

Robin Khuda proposes to redevelop the Palm Beach fish and chip shop into six apartments above retail

Noosa-style main street predicted after apartment proposals on Palm Beach's Barrenjoey Road

Astute property investors are recognising the potential of Sydney property, with its numerous amenities, leading universities and great employment opportunities.

As free-standing home prices surge and approvals to build new houses reach record highs, homebuyers are looking to the off-the-plan apartment market to find savings on brand-new luxury developments.

For many buyers, a downside to off-the-plan purchases include the long wait for construction but with many projects expected to reach completion before the end of the year, Urban has decided to take a look at five soon-to-be-completed developments offered in Sydney.

1. Georgette, Schofields 
Developer: Positive Investment Enterprise 
Two-bedroom apartments from $535,000

[smartcode_project:default project_id=32227 project_image_fid=93945]

Kew Schofields second stage, Georgette, is expected to reach completion later this year, with 137 apartments available in one and two-bedroom configurations.

Designed by PBD Architects, residents can enjoy light-filled apartments in Sydney&rsquo;s fast-growing north-west.

Delivering a change of scenery from the bustling city setting, Georgette is set amongst lush green spaces for privacy and natural beauty.

[smartcode_project:default project_id=32227 project_image_fid=93951]

Each apartment boasts extended gardens, ample storage and, in partnership with Tesla, state-of-the-art energy and storage innovations.

2. 180 George, Parramatta 
Developer: Meriton 
Two-bedroom apartments from $715,000

[smartcode_project:default project_id=8590 project_image_fid=71711]

Hailed as Parramatta&rsquo;s tallest residential tower, 180 George is a new world-class development that brings beautiful residences with luxury amenities.

Set to reach completion in December, the 767-apartment tower features communal open space, rooftop gardens, a sundrenched podium terrace and barbeque area.

The 1,200 sqm podium gardens complement the adjoining 58-level hotel suites tower.

[smartcode_project:default project_id=8590 project_image_fid=71714]

Within walking distance is the Westfield Parramatta, Parramatta Park and a diverse range of bars and restaurants that line Church Street.

3. Ed.Square, Edmondson Park 
Developer: Frasers Property 
Two-bedroom apartments from $620,000

[smartcode_project:default project_id=5995 project_image_fid=78734]

Estimated to reach completion in December 2021, Ed.Square is the latest innovation from Fraser Property that is set to deliver new net zero energy demand homes.

Situated in Sydney&rsquo;s south-west suburb of Edmonson Park, the homes will produce more energy than they consume, saving residents up to 43 per cent of their energy costs.

Its sustainable features include LED lighting, electric-boosted solar hot water, geothermal heating and will not feature natural gas.

[smartcode_project:default project_id=5995 project_image_fid=78730]

The homes are located within convenient access to an array of shopping, dining and entertainment facilities.

4. Castle Residences 
Developer: United Development Sydney 
One-bedroom apartments from $1,230,000

[smartcode_project:default project_id=7758 project_image_fid=79424]

Anticipated to reach completion before the end of the year, United Development Sydney&rsquo;s sought-after Castle Residences is delivering 131 apartments just off Hyde Park.

The project merges five-star luxury hotel services and amenities with high-end apartments designed by Candalepas Associates.

The construction includes the refurbishment of the 142-year-old heritage-listed Porter House building and will include amenities such as luxurious dining areas, private dining spaces and in-residence catering.

[smartcode_project:default project_id=7758 project_image_fid=150437]

Timeless sculptural alcoves and arches bring together historical and contemporary architecture, while interior styling takes inspiration from Manhattan apartments.

5. Beyond, Hurstville 
Developer: Fridcorp 
Two-bedroom apartments from $850,000

[smartcode_project:default project_id=6798 project_image_fid=140935]

Fridcorp&rsquo;s latest Hurstville development, Beyond, will deliver its residents a number of on-site amenities that match the quality of the world&rsquo;s best hotels before the end of 2021.

Each residence exudes uncompromised quality from every aspect, with one, two, and three-bedroom apartments on offer.

Designed by DKO Architecture, the light-filled interiors boast wide frontages and a refined, contemporary aesthetic.

[smartcode_project:default project_id=6798 project_image_fid=140952]

Among its amenities include a two-podium platform, an outdoor dining and teppanyaki grill, gardens, lobby bar and residents&rsquo; dining.

Urban has decided to take a look at five soon-to-be-completed developments offered in Sydney

max.kwok_55688

The top five Sydney apartments completing construction before the end of 2021

Like many other Sydney display suites, the Pavilions display suite is closed.

However the &nbsp;Mirvac sales office at Sydney Olympic Park is open by virtual appointment due to the current Covid-19 restrictions.

Buyers have been told the actual sales office is currently closed until Saturday 10th July pending State Government restrictions.

The project has 1, 2 or 3 bedroom apartments, plus skyhomes and terrace for sale.

[smartcode_project:default project_id=7363 project_image_fid=166645]

The display suite at Portman House, Green Square, Australia’s first residential building to seek WELL v2 certification, is also available via virtual appointment.

At Bondi Junction, the developer Lindsay Bennelong is open but by private appointment only at its Whitton Lane project.

"Due to Covid restrictions only one on one private appointments can be conducted," it has advised.

"Please wear a mask and we adhere to social distancing regulations," it noted.

The Adela, Burwood display suite of Aoyuan International is advised as "closed during lockdown - till further notice."

[smartcode_project:default project_id=6842 project_image_fid=79499]

Meriton advises "due to temporary COVID restrictions private appointments and virtual appointments are now available between 10am – 5pm 7 days a week" at its Pagewood Green Orchid display suite.

Atelier, the Ceerose project at 32 Jarret Street, Leichhardt, advises its buyers that it was "continuing to closely monitor the ongoing COVID-19 situation, with the health and well-being of our customers and staff as a top priority."

"To maximise precautions, and in the interest of your safety all inspections have been moved to private appointments.&nbsp;

"Should you visit there will be some screening questions we’ll need to ask you in addition to practicing safe social distancing guidelines including observing a distance of 1.5m between people and limiting numbers to 3 people per appointment."

[smartcode_project:default project_id=14867 project_image_fid=78381]

The severest closure came when Melbourne developers saw their display suites closed for two months until late October last year with the lifting of pandemic restrictions on open inspections.

Last week the RBA lauded apartment developers using virtual walk-throughs in place of in-person inspections since the pandemic hit the country early last year.

The reference to property development firms using virtual walk-throughs came in a speech from RBA assistant governor Luci Ellis.

Frasers Midtown sales and display centre at Macquarie Park remains open according to its website marketing, but by appointment only.&nbsp;

"Like our team, we request you practice good hand hygiene, wear an approved face covering and maintain physical distancing, by keeping 1.5m away from others.

"Our sales team are also available via phone, video and email according to your preferences, so we can safeguard the health of our customers and staff," its website advised.

The Real Estate Institute of NSW CEO Tim McKibbin noted while the operating environment for agents and consumers is temporarily interrupted, he said the fundamentals remain largely unchanged.&nbsp;

"Demand still outstrips supply and prices can be expected to remain strong, though the pace of growth has naturally eased," he said.

[smartcode_project_cta: project_id=7363]

The Pavilions display suite is closed at 2 Figtree Drive, Sydney Olympic Park but virtual inspections are underway

Mirvac among Sydney developers who've pivoted to virtual appointments during COVID lockdown

Developer Podia has proposed a $27 million development including serviced apartments at the Holiday Village Backpackers site in Byron Bay.

The project is proposed for 116 and 118 Jonson Street, Byron Bay, currently the Holiday Village Backpackers.

Byron Shire Council has placed the proposal on public exhibition.

It&nbsp;involves 41 serviced apartments, ground-floor retail and dining spaces, plus a communal garden.

The proposed three-storey building has been designed by Richards &amp; Spence Architects lead by architect Ingrid Richards.

There will be a rooftop pool and basement carparking.

The application notes the process of urban renewal presented the town with an opportunity to address the major environmental challenges including climate change; health and wellbeing and resource depletion.

&quot;These sustainability principles give effect to this broad agenda for a more sustainable, attractive and competitive town,&quot; the application advises.

Katie Wilson, the proprietor of Byron Bay Backpackers, wrote a letter of &ldquo;unwavering support&rdquo; for the proposed development, according to the Byron Shire News.

&ldquo;Our family have owned and operated at this site for 38 years and it is quite emotional letting go, however, we are so pleased with the architectural design and overall vision for the site that we are very seriously considering our association with the property by purchasing one of the apartments within the development,&rdquo; Ms Wilson wrote.

The Sydney developer Podia paid $18.55 million in February to buy the 4287 sqm site after 150 buyer inquiries.

Head of development at Podia, Michael Grassi, said the firm was &quot;passionate&quot; about Byron and want to contribute positively to the Byron Bay town centre.

&ldquo;We wanted to open up the site, maximising solar access to the internal public park so locals, guests and visitors have more green space in the centre of town to lie under a tree and take a break,&rdquo; architect Ingrid Richards told the local paper.

&ldquo;Merging private and public spaces, the courtyard is pivotal.&rdquo;

Richards &amp; Spence are best known for their Brisbane project, Calile Hotel.

Podia is currently constructing 25 apartments in the Premier Place development at 14-20 Premier Street, Neutral Bay.

It has been designed by architect ess lifestyle, with interiors by Richard Stanisich, and landscaping by Dangar Barin Smith.

Premier Place comprises a mix of two and three-bedroom apartments, including garden homes and a spectacular penthouse with city, skyline and Harbour Bridge views.

The last four three-bedroom apartments were priced from $3,700,000-$3,900,000, with two two-bedders priced from $2 million through Atlas by LJ Hooker.

Last July Podia took a put and call option over 18 strata lots at 45 McLaren Street, North Sydney with plans to build a larger mixed-use development.

The structured deal was worth more than $55 million, according to market sources, with the Australian Financial Review reporting it was contingent upon the site being rezoned to allow for higher density development.

The 1792sqm site is located 100m from the future Victoria Cross Metro station.

The $27 million development at 116 and 118 Jonson Street proposes 41 serviced apartments, plus retail and dining spaces and a communal garden

$27 million Byron Bay serviced apartment project lodged by Podia

The real estate investment giant Mulpha, developers of Norwest&nbsp;in Sydney&#39;s Hills District, has lodged its development application for the first stage&nbsp;its approved $1 billion masterplanned community, Norwest Quarter.

There will be nine slender residential towers containing 864 apartments across the whole of the masterplan, with 6,000 sqm&nbsp;of space allocated for cafes, restaurants, neighbourhood shops and childcare facilities.

The first stage of Norwest Quarter will see two of the apartment buildings constructed, homing a total of 196 apartments and more than 3,500 sqm of retail and commercial space,&nbsp;including a full-floor commercial gym, fresh food grocer, medical services, and restaurants.

The towers, located less than 400 metres from the new Norwest Metro Station,&nbsp;have been designed by two of Sydney&#39;s leading architecture studios, Bates Smart and Smart Design Studio.&nbsp;

<blockquote>
&quot;We started the design process by asking how people today want to live their lives and what sustainability, technology and community practices reflect their needs, lifestyle and aspirations.&quot; 
Mulpha&#39;s head of developments Tim Spencer
</blockquote>

The slenderness of the towers will allow for 70 percent of the site to be used for landscaping and amenity.

<img alt="" height="1320" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/norwest_4.jpg" width="1200" />

There will be an&nbsp;open-air plaza with retail and outdoor dining, a nature based&nbsp;play area, an amphitheatre for community events and other landscaped areas.

When complete, the Norwest Quarter masterplan will transform over 4.8 hectares of greenfield land into a vibrant village centre for over 2,000 residents.

Bates Smart and Smart Design Studio are working in collaboration with landscape architecture firm Aspect Studios, urban designers Terroir, and environmental sustainability firm Finding Infinity&nbsp;to design and deliver an innovative, environmentally led development with a unique nature-driven biophilic ethos.

<img alt="" height="1200" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/norwest_3.jpg" width="1200" />

<blockquote>
The whole design process was about breaking down and identifying what truly makes a community sustainable &ndash; it was an inter-disciplinary design exercise that had to accept that for true sustainability the project had to have economic and employment drivers, social and education opportunities, bring health and wellness to the forefront and manage the built form and technology infrastructure super efficiently.

&ldquo;The past year has reinforced our belief that we need to be holistically designing to achieve great communities to live in, not just designing stand-alone buildings.
</blockquote>

Norwest Quarter will be a core pillar of the entire Norwest community that is anchored by 46 hectares of public open space and interwoven with 50 kilometres of pathways and 10 kilometres of cycleways, creating a walkable and cyclable city.

There will be nine slender residential towers containing 864 apartments across the whole of the masterplan


Mulpha lodges application for stage one of $1 billion masterplanned Norwest Quarter community

NSW property investors are set to pay $4.8 billion in land tax revenue in 2021-22, with a Treasury forecast it will grow by 5.2 per cent annually over the next four years.
 
“This uplift is largely due to expectations for higher average land values than previously forecast,” the NSW state budget papers advised. 

The budget papers forecast NSW stamp duty will peak in the upcoming budgetary year at $11.4 billion, up from the $9.3 billion windfall in the current year, and almost double the $6.9 billion in 2020.

However due to the bring forward in buying, the next three years will then see stamp duty revenues fall to initially $10.9 billion, then $10.1 billion, and back to $9.2 billion by 2024-25.

The historic unreliable rollercoaster nature of stamp duty revenue is in part the reason why the NSW Treasurer Dominic Perrottet has signalled his intention to shift from the upfront stamp duty cost for buyers towards an annual land tax on every property owner. 

There was no date given for the phased introduction to a wider annual land tax in the NSW budget.

Nor was there any housing grants and concessions announcements.

Some $1.2 billion has gone to the benefit of first home buyers over the past two years. The number of first home buyers was up annually by more than a third. 

The papers noted the current strength in the housing market, in terms of price growth and new construction, was mainly reflected in houses rather than units, and until recently had mainly been underpinned by demand from owner-occupiers. 

The Sydney house price boom is tipped by NSW Treasury to peak in late 2021, with house prices having surged by over 20 per cent during the pandemic. 

Residential prices are forecast to remain “materially higher “ over the next four years. 


The NSW land tax revenue uplift is largely due to expectations for higher average land values than previously forecast the budget papers said

NSW property investor land tax revenue to rise 5.2 percent annually 

Construction at Bloom Arncliffe has recently completed, supplying Sydney&rsquo;s south with quality one, two and three-bedroom ready-to-go apartments.

Situated at 213 Princes Highway, these homes are perfect for the first-time owner, the smart investor and the dynamic urban-dweller.

Urban takes a look at five things we love about Bloom Arncliffe.

1. Delivered by an award-winning team

[smartcode_project:default project_id=6201 project_image_fid=89025]

Developed by Melbourne investment and finance house, Wingate, and designed by EJE Architecture, Bloom Arncliffe is delivered by a strong team.

Wingate has a track record of quality developments and has recently announced a $600 million venture alongside Tim Gurner at a 1.3-hectare site in Surfers Paradise.

EJE director, Kathy Gresham, has an impressive architectural portfolio that spans over 20 years, successfully completing a diverse range of projects.

Bloom Arncliffe was constructed by one of the NSW&rsquo;s most experienced residential builders, Richard Crookes Constructions.

2. Stylish apartments

[smartcode_project:default project_id=6201 project_image_fid=89014]

Dispersed over seven state-of-the-art buildings, each residence at Bloom combines functionality with luxury finishes.

Apartments include the latest appliances, integrated cabinetry, built-in robes and floor-to-ceiling sliding doors.

&ldquo;Contemporary yet timeless, fresh yet warm, Bloom is the ideal canvas to create your next home&rdquo;, the project marketing reads.

The open plan living and dining space opens up to a balcony, landscaped for privacy and offering elevated views.

3. Vibrant community

[smartcode_project:default project_id=6201 project_image_fid=89011]

Forming part of a thriving Sydney community, owner-occupiers can relax knowing their home is set amongst boutique cafes, Rockdale&rsquo;s upgraded park and two 18-hole golf courses, Bardwell Valley and Kogarah Golf Club.

The suburb has a rare balance in generations, with mature-aged homeowners and young independents.

Bloom Arncliffe is favourably situated between nature and the sitting, and offers Wolli Creek&rsquo;s new shopping precinct, Discovery Point, within leisurely reach.

4. Convenient amenities

[smartcode_project:default project_id=6201 project_image_fid=89017]

The 318-residence tower is made vibrant by its ground-floor marketplace, boasting retailers and restaurants at your doorstep.

Arncliffe&rsquo;s brand-new inclusive leisure centre is also within close proximity, delivering sports and recreation facilities, educational resources, space hire and cultural activities.

5. Great location

[smartcode_project:default project_id=6201 project_image_fid=89013]

Bloom is paced in a prime position between the city and the coast, with convenient access to well-serviced transport, including to Sydney Airport and Arncliffe and Banksia train stations.

Residents enjoy the benefits of being close to Sydney&rsquo;s southern beaches, as well as the Illawarra line&rsquo;s direct link to the CBD, the Inner West and Bondi.

Plus, the area boasts a great selection of local schools, parks and public space.

[smartcode_project_cta: project_id=6201]

Situated at 213 Princes Highway, these homes are perfect for the first-time owner, the smart investor and the dynamic urban-dweller

Five things we love about the Arncliffe development, Bloom

Birmingham, one of the boutique building&#39;s in Alexandria&#39;s Alex Collective in inner-Sydney, saw stellar sales at its launch at the weekend.

Around 40 per cent of the 46 apartments available sold through Colliers, with sales ranging from $770,000 to $2.1 million.

Owner-occupiers were the keenest of buyers, Colliers director of residential Daniel McMahon says.

&quot;Alex Collective&rsquo;s distinctive design features including intricate brick fa&ccedil;ade, large bay windows, environmentally-friendly features and recreational amenity have captured the attention of owner occupiers.

&nbsp;

[smartcode_project:default project_id=29785 project_image_fid=91611]

&quot;Buyers have recognised that alternative product in the market does not match the premium quality of Alex Collective&rsquo;s apartments.

&quot;Discerning purchasers are looking for a city-fringe apartment that is within easy reach of the CBD and also boasts a lifestyle that is social and active.

The apartments are part of The Birmingham, one of four apartments buildings that make up the 163-apartment development&nbsp;Alex Collective at 163-173 McEvoy Street, created in partnership between Ceerose and Alexa Development.

[smartcode_project:default project_id=29785 project_image_fid=91571]

Designed by architect Andrew Burns, The Birmingham features saw-tooth roofs, light wells and sky bridges.

McMahon says there&nbsp;is limited availability of quality apartments currently available for purchase around the city fringe.

&quot;Alexandria has always been a highly sought-after location with strong demand for warehouse style apartments in this historical industrial-aged location.

[smartcode_project:default project_id=29785 project_image_fid=91605]

&quot;Price growth in some areas of the suburb have witnessed a 15 per cent growth surge within the last 12 months, which will only continue with infrastructure investment that is planned in the area.

&nbsp;&ldquo;Projects that offer a high-quality product in tightly held locations, supported by developers and builders with a strong track record of delivering quality developments are achieving strong sales results. Ceerose has ticked all these boxes with Alex Collective, which is resulting in consistent sales each week.&quot;

The upper level residences in Birmingham will have views toward the city skyline, Sydney Park and Alexandria&#39;s streetscapes. There are a number of private courtyard apartments, oriented to the north to maximise sunlight.

Edward Doueihi, Managing Director of Ceerose, says Alex Collective links Alexandria&nbsp;across a century of change.

&quot;The boutique development will deliver beautiful tailor-made homes with an industrial spirit, created with discerning owner-occupiers in mind.

&quot;Ceerose aims to create a benchmark for Alexandria and leave a legacy for the suburb and future generations.&rdquo;

Owner-occupiers were the keenest of buyers, Colliers director of residential Daniel McMahon says

Birmingham, Alexandria apartments fly off the shelves at weekend launch

Around $435m worth of apartments were sold on the weekend in the Sydney&rsquo;s Sirius building.

The 60 plus off the plan sales were secured by developer JDH Capital through CBRE with up to $118,000 per square metre results.

Prices started at $1.7 million for one-bedrooms in the redevelopment which is &shy;expected to be finished late next year.

The highest price of the 76 apartments on offer was a penthouse for $35 million which was secured in the days prior to the weekend sales spree.

The NSW government sold the exisiting Sirius building for $150 million in 2019 after the last of the NSW Housing Commission tenants departed the late 1970s building.

CBRE executive chairman Justin Brown and agents Ben Stewart and Ben Wicks noted strong demand after the sales continued through the weekend.

There were purchasers from Point Piper, Coogee, Vaucluse, Longueville, Lindfield and Mosman following 3500 inquiries.

No purchasers required Foreign Investment Review Board approval.

[smartcode_project:default project_id=7363 project_image_fid=41840]

Stewart said it was the biggest weekend project marketing sales tally for many years.&nbsp;

Prior record prices per square metre &shy;included sales in the Opera complex, just across Circular Quay, that fetched a &shy;record-setting $96,400 per square metre off the plan in late 2016.

The Sydney architectural firm BVN, led by Phillip Rossington, have designed the apartments within and atop of the original building to &ldquo;retain, &shy;restore and reimagine&rdquo; the building.

BVN will oversee repairing and stabilising the internal supports, restoring the original concrete fa&ccedil;ade and removing some internal walls and adding open balcony spaces.&nbsp;

The new architectural design elements will see prefabricated pods wrapped in recycled copper.&nbsp;

Kelly Hoppen was commissioned to assist with the interiors.

JDH is &shy;headed by the former Macquarie banker Jean-Dominique Huynh.

There was a $20 million penthouse deal on Sunday by developer JDH Capital

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