A new 25-storey apartment tower proposed for Mercer Street would push Geelong’s western gateway skyline higher, with Morphy Birrell Property Group lodging plans for a project directly beside one of the city’s most significant heritage streetscapes.

The <a href="https://www.apartments.com.au/architects/fk-australia">FK</a>-designed development at <a href="https://www.apartments.com.au/new-apartments/65-67-mercer-street-geelong-vic-3220">65-67 Mercer Street</a> has now been referred to Victoria’s Planning Minister. The site sits opposite the Geelong rail corridor and immediately south of the heritage-listed St Peter and Paul’s Catholic Church and Ashby Hall precinct.

Rather than compete with the neighbouring ecclesiastical buildings, the proposal adopts a sculpted podium intended to reference the materiality and scale of the heritage context. Planning documents note the design draws cues from the “dark stone brick” church and surrounding masonry buildings, while the tower above transitions into a softer, curved form oriented toward Corio Bay and the Geelong waterfront.

<img alt="First look: Morphy Birrell Property Group targets 25-storey Geelong tower beside landmark church precinct" data-entity-type="file" data-entity-uuid="b797d10c-d4a6-47af-b8df-1aeaa3b382be" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/public%20square.png?VersionId=QGIpcz1x1hKB6lQLl2iobyHqb6PS2Ztc" />

The development forms “Stage 5” of Morphy Birrell Property Group’s broader Mercer Street precinct strategy, following the completion of the 21-storey Miramar tower on Cavendish Street and several additional approved redevelopment stages nearby. Planning consultants Ratio said the proposal “represents an exemplary development outcome” aligned with the strategic ambitions for Central Geelong’s continued urban renewal.

The mixed-use project would replace an existing low-rise commercial building and surface parking area on the 3,320 sqm corner site. FK’s urban context report describes the proposal as a residential development comprising apartments, resident amenities, commercial space, and integrated landscaping positioned to maximise bay views and northern sunlight access.

Renders show a deeply articulated tower with curved balconies stepping above a lower masonry podium that frames a landscaped forecourt facing Mercer Street. The design intentionally preserves sightlines toward the adjacent church buildings, with the podium scaled to reinforce the heritage edge before the tower recedes upward.

<img alt="First look: Morphy Birrell Property Group targets 25-storey Geelong tower beside landmark church precinct" data-entity-type="file" data-entity-uuid="2bdca91e-66f7-4ac7-8baa-2f93bd5b564e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/geelong%20site.png?VersionId=QOhbino4ZgzKYw5dW3QE14E.2yq.Sv87" />

The planning report highlights the site’s strategic location within 400 metres of key Geelong destinations including Cunningham Pier, the Geelong Station precinct, Deakin University, and the convention centre. Bus services run directly along Mercer Street, while the Corio Bay foreshore sits around 100 metres north of the site.

The proposal arrives amid accelerating redevelopment across central Geelong, where planning policy continues to encourage higher-density housing close to transport infrastructure and the waterfront. Mercer Street in particular has emerged as a focal point for taller apartment development due to its proximity to Geelong Station, the bay, and major civic infrastructure.

Joel Robinson

Morphy Birrell Property Group targets 25-storey Geelong tower beside landmark church precinct

Development giant&nbsp;<a href="https://www.apartments.com.au/developers/hamton">Hamton</a> and joint venture partner Hostplus have revealed the next residential stage of their $3 billion Moonee Valley Park masterplan, lodging plans for 512 more apartments within the precinct on surplus racecourse land at 110 Wilson Street, Moonee Ponds.

The proposed development, dubbed&nbsp;<a href="https://www.apartments.com.au/new-apartments/trackside-house-110-wilson-street-moonee-ponds-vic-3039">Trackside Gardens</a>&nbsp;in the planning application, follows the <a href="https://www.apartments.com.au/news/vic/first-look-exclusive-hamton-and-hostplus-reveal-sixth-stage-of-moonee-valley-park-masterplan">recent unveiling of the sixth-stage Cox Place Precinct</a> and continues the long-running transformation of the Moonee Valley Racecourse into one of Melbourne’s largest urban renewal projects.

Positioned on the north-eastern edge of the racecourse adjacent to CityLink, Trackside Gardens will comprise three residential buildings rising between 61.8 metres and 86.4 metres within a heavily landscaped precinct shaped by Hamton’s Nature Based Cities framework.

The project forms part of the broader Moonee Valley Park redevelopment being delivered by Hamton, Hostplus and the Moonee Valley Racing Club, which is reshaping the 40-hectare racecourse site into a mixed-use neighbourhood with housing, retail, commercial space, hotels, parkland and community infrastructure.

Trackside Gardens sits separately to the recently proposed Cox Place Precinct, a five-building stage comprising around 1,100 residences, two build-to-rent buildings, two build-to-sell towers, retail, office space, and a hotel overlooking the racetrack. Together, the projects continue to accelerate housing delivery across the precinct.

<img alt="First look: Hamton expands Moonee Valley Park masterplan with 512-home Trackside Gardens precinct" data-entity-type="file" data-entity-uuid="5fc1941e-52d3-41c6-abc4-0f13fe8ae5ea" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/DA%20Edits%20%281%29.png?VersionId=7qwRHq5dcvXWNot2hNOgoQhN2GIWudNK" />

Designed by <a href="https://www.apartments.com.au/architects/dko-architecture">DKO Architecture</a> with landscape architecture by Tract, Trackside Gardens has been conceived as a botanical-style residential precinct prioritising canopy planting, communal green space, and vertical landscaping.

“The architectural vision for the proposed development centres around buildings in a botanical park setting that champions the important role of nature,” the planning submission states.

“The proposal incorporates principles of biophilic design, with landscape and environmentally sustainable development influencing the ultimate design response of the buildings and prioritising the ground plane to ensure a high amenity for both occupants and visitors.”&nbsp;

Trackside Gardens will deliver 512 apartments across the three buildings, alongside 518 basement car spaces and 523 bicycle spaces. Around 20 per cent affordable housing is proposed across the broader North East Precinct, equating to around 158 dwellings.&nbsp;

The affordable housing component will be concentrated within the Wilson East building, while the remaining apartments are expected to be delivered as build-to-sell residences.

Trackside Gardens has been designed around Hamton’s Nature Based Cities initiative, founded by Executive Chair Paul Hameister OAM in partnership with the University of Melbourne, Urbis, Ark Resources and Tract. The initiative promotes integrating higher-density urban development with significant biodiversity, tree canopy and landscape outcomes.

<img alt="First look: Hamton expands Moonee Valley Park masterplan with 512-home Trackside Gardens precinct" data-entity-type="file" data-entity-uuid="89353449-7b3c-42fd-8fd8-8bf64a5ef80f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_4.png?VersionId=X8jRt0P2L7fIWjLhfX6gPknXToXIBeLj" />

A comprehensive landscape strategy would introduce deep soil planting, vertical greening, communal gardens, and new pedestrian links throughout the site.

Planning documents state the development is targeting a 5 Star Green Star Buildings rating, a 7.5-star average NatHERS rating, and “Exemplary” Nature Based Cities certification.&nbsp;

The proposal joins an expanding pipeline of approved and proposed buildings within Moonee Valley Park, including the recently launched Eveline apartments and the approved Grandstand North and South towers.

Hamton has increasingly focused on precinct-scale, nature-led communities across Melbourne’s middle-ring suburbs, with projects spanning Hawthorn, Kew, and Moonee Ponds.

Hampton unveils Trackside Gardens, latest stage of $3 billion Moonee Valley Park masterplan

The Paul Gedoun-led <a href="https://www.apartments.com.au/developers/ss-projects">S&amp;S Group</a> has achieved another milestone in its $1 billion transformation of Rainbow Bay on the southern Gold Coast with the completion of the company’s third project in four years, the $160 million <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a> residences.

Delivered by <a href="https://www.apartments.com.au/builders/hutchinson-builders">Hutchinson Builders</a> and designed by <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker Architects</a>, Esprit buyers have now moved into the 94 apartments across two interconnected buildings at 217-227 Boundary Street.

The successful settlement of Esprit marks another astounding chapter in the S&amp;S story, which launched its highly successful Flow apartments three years ago and created its own ultra-luxury branded fingerprint on an area craving new luxury residences.

Most early purchasers have secured gains of well over $1 million since the project launched in 2021.&nbsp;

[smartcode_project:default project_id=102921 project_image_fid=172129]

S&amp;S Projects Founding Director Paul Gedoun said the completion of Esprit reflects sustained demand for premium apartments in tightly held coastal locations.&nbsp; 
&nbsp;&nbsp; &nbsp; 
“Esprit has attracted buyers seeking a combination of quality design, considered amenity and a location that is becoming increasingly difficult to replicate,” said Gedoun.

“We identified some years ago that Rainbow Bay is a unique market where supply of luxury residences is limited, and we see the settlements in Esprit further underpinning this thinking - that for both owner-occupiers and investors.”&nbsp;

[smartcode_project:default project_id=102921 project_image_fid=172174]

A key feature of the development is ‘Club Esprit’, a 1,000sqm residents-only rooftop level combining wellness and recreation, believed to be a first for the Gold Coast, and which is fast becoming a signature of the S&amp;S brand.

Positioned to capture views across Snapper Rocks, Rainbow Bay and the Tweed River, the rooftop includes a 25-metre lap pool, gym, yoga lawn, sauna and steam facilities, ice bath, private dining spaces, outdoor cinema and landscaped areas for residents.&nbsp;

<a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a> Director Jayde Pezet, who led the sales campaign for Esprit and S&amp;S’s Flow and Awaken apartments, said the project’s performance reflects both the strength of the product and the depth of demand for premium apartments on the southern Gold Coast.&nbsp;

“In some cases, we’ve seen values double since launch, which is a clear reflection of how tightly held Rainbow Bay has become and the level of demand for well-executed projects in this market,” said Pezet.&nbsp;

“Buyers recognised early what S&amp;S Projects was delivering here, and that conviction has been rewarded as the project has progressed towards completion.”&nbsp;

[smartcode_project:default project_id=102921 project_image_fid=214819]

Esprit offers a mix of two- three and four-bedroom apartments and sits within walking distance of the beachfront, cafés and local amenities, reinforcing its appeal as both a lifestyle and investment destination.

The project is the third completed by S&amp;S Projects in Rainbow Bay, following Flow Residences and Awaken Residences, which together have contributed to the suburb’s emergence as one of the Gold Coast’s most sought-after coastal pockets. &nbsp;

S&amp;S Projects is continuing its investment in the area with Radia, a $215 million development currently under construction.&nbsp;

[smartcode_project:default project_id=102921 project_image_fid=172175]

Gedoun said the completion of Esprit signals continued confidence in the southern Gold Coast market.&nbsp;

“We’ve seen strong interest in well-located, high-quality apartments, particularly in areas where future development opportunities are limited."

“That’s been a key factor in the performance of Esprit and the broader Rainbow Bay market”.

[smartcode_project_cta:default project_id=102921]

Owners move in as Esprit completes at Rainbow Bay

Few developers can boast a portfolio across South East Queensland's luxury markets quite like <a href="https://www.apartments.com.au/developers/mosaic-property-group">Mosaic Property Group</a>.

The builder-developer, founded in 2004 by Managing Director Brook Monahan, has projects in planning, on the market, and under construction, from Burleigh Heads and Broadbeach to Kangaroo Point and South Brisbane.

With a pipeline exceeding $2 billion, Mosaic remains highly selective when it comes to development sites, having spent years refining its strategy around feasibility research and product planning. The group is set to continue growing into 2026 and beyond.

In Brisbane, Mosaic currently has three projects in the market. It is in the final release stage at <a href="https://www.apartments.com.au/new-apartments/the-bedford-by-mosaic-16-30-prospect-street-kangaroo-point-qld-4169">The Bedford</a> in Kangaroo Point, which is approaching complete sellout ahead of its late 2027 completion.

[smartcode_project:default project_id=134792 project_image_fid=328123]

Designed in collaboration with <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, The Bedford comprises 128 two- and three-bedroom residences. A selection of ultra-luxury Masterpiece Series Skyhomes, positioned across the top levels, offer expansive floor plans and sweeping views of the river and city.

High-end inclusions, such as natural stone benchtops, bespoke cabinetry, and Miele appliances, feature throughout all apartments, alongside the Rooftop Recreation &amp; Retreat Sky Terrace. This includes a resort-style pool with sun deck and loungers, spa, cold plunge pool, sauna, steam room, private dining room with a full kitchen, residents' lounge, multiple barbeque and relaxation zones, an outdoor viewing deck, and landscaped gardens with water features, all oriented to sweeping city and river views.

A gym with indoor and outdoor zones, and a golf simulator, further enhances recreational choice within the building.

[smartcode_project:default project_id=134792 project_image_fid=328119]

A defining feature of the development is its integrated mixed-use component, which will deliver Kangaroo Point's first major supermarket, alongside a café and liquor store, bringing long-awaited convenience to the peninsula.

Monahan says The Bedford represents the culmination of a near-decade-long journey, after first identifying the A-grade Prospect Street site in 2016. While they came close to acquiring it at the time, the site was ultimately purchased by Woolworths' development arm, Fabcot. The opportunity resurfaced in 2024 when the site, vacant for nearly three decades, was brought back to market.

Monahan says Mosaic projects often begin years before any formal plans are drawn. Their new South Brisbane development is no exception, with the site first earmarked in 2018.

"We aren't opportunistic," Monahan says. "Every site purchase is carefully considered. As seen with Kangaroo Point and South Brisbane, it can take years to eventuate. There are sites we're looking at now that we may not secure for several years."

[smartcode_project:default project_id=141711 project_image_fid=353495]

A similar story unfolded at <a href="https://www.apartments.com.au/new-apartments/the-carter-by-mosaic-77-linton-street-kangaroo-point-qld-4169">The Carter</a> in Kangaroo Point, opposite The Gabba. Like The Bedford, it is also approaching sellout of its 125 two- and three-bedroom apartments. The majority of sales are attributed to returning customers and referrals, with a balanced mix of investors and a strong majority of owner-occupiers.

BDA Architecture was again engaged to design the 22-storey building, which will feature a suite of wellness and lifestyle amenities, including a golf simulator and cinema, a commercial-grade gym, and a rooftop recreation level with a pool, steam room, sauna, cold plunge, teppanyaki bar, private dining spaces, and landscaped terraces.

Construction is on track for completion in mid-2027.

[smartcode_project:default project_id=151614 project_image_fid=362759]

Mosaic's latest offering is its most ambitious yet, boasting a rare, north-facing riverfront position on Montague Road in South Brisbane.

<a href="https://www.apartments.com.au/new-apartments/the-riversdale-by-mosaic-south-brisbane-91-montague-road-south-brisbane-qld-4101">The Riversdale by Mosaic</a> is a 39-storey tower comprising just over 200 residences and Masterpiece Series Sky Homes. Designed in partnership with Bureau Proberts, it will feature nearly 3,000 sqm of genuine, internationally benchmarked six-star, hotel-style amenities, including a wellness precinct, pool, gym, massage and treatment rooms, cinema, golf simulator, and extensive outdoor dining areas across a two-level rooftop deck.

Early works are underway, with full construction expected to commence in the second half of 2026, and an anticipated late 2029 completion.

[smartcode_project:default project_id=151614 project_image_fid=362759]

Since 2012 alone, Mosaic has completed more than $2 billion in projects and is set to deliver another $2 billion worth of developments, comprising hundreds of luxury apartments, each defined by Mosaic's signature standards of quality, detail, and delivery.

"We never arrive, there is no finish line," says Monahan. "Our ambition is to keep evolving what luxury means, creating design- and lifestyle-led residences in incredible locations, places people genuinely aspire to and want to live, homes that are loved deeply and endure long beyond their moment."

Mosaic's Midas Touch

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> (Urban) has broken ground at Keira Place, its new major mixed-use residential precinct in the heart of Wollongong CBD.

Held at 120-122 Smith Street, the groundbreaking marked the commencement of construction on Stage 1 of <a href="https://www.apartments.com.au/new-apartments/keira-place-120-122-smith-street-wollongong-nsw-2500">Keira Place</a>, with the opening of the new display suite. 
&nbsp; 
Keira Place is a State Significant Development that will deliver new housing supply, affordable homes and inclusive living options within walking distance of Wollongong’s CBD, coastline, transport, hospital and education precincts.

[smartcode_project:default project_id=144442 project_image_fid=369868] 
&nbsp; 
Stage 1 is now under construction and will deliver 150 apartments across two residential buildings, including 27 affordable housing apartments and 18 specialist disability accommodation dwellings, along with activated ground-floor retail and commercial space. 
&nbsp; 
Urban Co-CEO Patrick Elias said the groundbreaking represented a significant milestone for Wollongong and reflected Urban’s long-term commitment to regional cities.

“Today’s groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong’s city centre,” Elias said. 
&nbsp; 
“Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection.”

[smartcode_project:default project_id=144442 project_image_fid=369869] 
&nbsp; 
Hon. Paul Scully MP, Minister for Planning and Public Spaces, Member for Wollongong said Keira Place is exactly the kind of development Wollongong needs – delivering new homes close to transport, employment and services, while supporting the continued growth and renewal of the CBD.

"This project reflects the Minns Labor Government's commitment to increasing housing supply in well-located areas." 
&nbsp; 
Wollongong Lord Mayor Cr Tania Brown said Keira Place would deliver lasting community benefits for the city. 
&nbsp; 
"Keira Place is a welcome addition to Wollongong's CBD delivering new housing, affordable homes and activated street-level spaces that will benefit our community for years to come," Brown said. 
&nbsp; 
"Urban Property Group's investment reflects the confidence that quality developers have in Wollongong's future, and I look forward to seeing this precinct come to life."

[smartcode_project:default project_id=144442 project_image_fid=369867] 
&nbsp; 
Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a>, with interiors by <a href="https://www.apartments.com.au/interior-designers/dko">DKO,</a> Keira Place prioritises liveability and long-term performance, with landscaped shared spaces, generous apartment layouts and a pedestrian-friendly streetscape along Smith Street. 
&nbsp; 
Residents will have access to landscaped podium areas, communal rooftop amenities with views to Mount Keira and the Wollongong skyline, and convenient ground-level retail.

The development will have 10-year Latent Defects Insurance by Resilience Insurance.

[smartcode_project_cta:default project_id=144442]

Groundbreaking marks start of construction at Keira Place in Wollongong CBD

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?

<html><body>
Newcastle and Lake Macquarie sales volumes have recently shown some improvement, according to the latest CoreLogic RP Data report.
However the districts continue to be well below the levels seen over the previous market peak in the early 2,000s.
Over the 12 months to November 2014 there were 6,729 houses and 1,463 units sold and current sales activity is 5% above the five year average.
Over the 2014 calendar year, home values across the region increased, up 7.2% for houses and 5.8% for units.
CoreLogic RP Data also reports that in comparison to the same time last year, homes are selling at a faster rate, with homes selling by an average of 12 days faster for houses and 13 days faster for units. <img src="/images/2015/02/25/chart-feb-25-one.jpg" alt="">
Source: CoreLogic RP Data
</body></html>

po-LsXgBTHBmX

Around 7% house price growth in Newcastle and Lake Macquarie CoreLogic: RP Data

<html><body>
Ultimo topped Australian Property Monitors' (APM) list of the eight slowest Sydney selling suburbs.
It typically took 113 days for private treaty sellers to find a buyer in the suburb. Neighbouring Haymarket wasn't that much quicker, averaging 99 days.
The eight slowest Sydney selling suburbs
<ol>
<li>Ultimo 113 days</li>
<li>Rosehill 103 days.</li>
<li>Rhodes 102 days.</li>
<li>Haymarket 99 days.</li>
<li>Vaucluse 96 days.</li>
<li>Blakehurst 94 days.</li>
<li>Darling Point 91 days.</li>
<li>Avalon 88 days.</li>
</ol>
Source: Australian Property Monitors
</body></html>

jchancellor-FAypfDUnLy

Ultimo heads Sydney's slowest selling suburbs list: APM

<html><body>
Entering its third year of boom-time conditions, the resilient Sydney market continues to produce extraordinary results, according to the Domain Group senior economist, Andrew Wilson.
Prices growth continues to track at decade high levels with a market characterised by high levels of confidence and enthusiasm, he advised.
"Sydney’s continued strong housing market activity is due largely to the nation-leading performance of the local economy.
"High levels of migration are also keeping demand well ahead of supply, which remains significantly below underlying requirements.
"Investor activity in the Sydney market remains at record levels and is another key driver of prices growth."
<img src="/images/2015/03/12/sydney-mar-12-one.jpg" alt="">
Source: Domain Group
Low vacancy rates, rising rents and prices growth will continue to attract investors into the market this year, Wilson tipped.
"Lower interest rates will also activate investors who will have increased capacity to borrow and an enhanced “bricks and mortar” comparison with falling term deposit rates.," he said.
<img src="/images/2015/03/12/sydney-mar-12-two.jpg" alt="">
Source: Domain Group
Wilson said the Sydney housing market had commenced 2015 strongly with record level auction clearance rates for the late summer season.
First home buyer activity, however, remains at near record low levels as a proportion of market share.
"The prestige market revived over 2014 and although prices growth of 6.0% was below other market sectors, the increase in volumes and the prospect of a higher share market through 2015 will continue to activate buyers and restore confidence in this sector," he said.
<img src="/images/2015/03/12/sydney-mar-12-three.jpg" alt="">
Source: Domain Group
Sydney’s median house price increased by 14% over 2014, a similar result to the 15.4% recorded over 2013. 
Wilson forecast that Sydney was on track to record prices growth of between 7 and 10% over 2015, which will again be the best result of all capital cities. 
The coastal based eastern suburbs agency, Phillips Pantzer Donnelley reported today that it had sold 16 properties valued at $33 million with a mean price of $2.1 million in the past few weeks.
The properties ranged from a one-bedroom apartment at 12/57 Gilderthorpe Avenue, Randwick selling after just four days by Nick Quilkey and Debbie Donnelley for $685,000 up to Alexander Phillips’ sale of 10 Mirimar Avenue, Bronte selling for $5.6 million.
Property Observer gleans an expat family returning to Australia purchased the Bronte beach house planning a $4 million renovation project to create their dream home.
</body></html>

Middle Sydney 10% price growth tipped: Domain Group's Andrew Wilson

<html><body>
GUEST OBSERVATION
The New South Wales government has <a href="https://www.smh.com.au/nsw/powerhouse-museum-site-in-ultimo-to-be-sold-to-developers-20150226-13pn5o" target="_blank">announced</a> plans to sell off the Ultimo site of the Powerhouse Museum, part of the <a href="https://maas.museum/" target="_blank">Museum of Applied Arts and Sciences</a>, and use the money to fund a new museum in western Sydney. The last part is positive – the rest would be a mistake.
It is commendable that the government is proposing major cultural institutions in western Sydney, particularly in centres like Parramatta. As David Borger, Western Sydney director of the Sydney Business Chamber, has <a href="https://www.smh.com.au/comment/underinvestment-in-the-arts-is-holding-western-sydney-back-20150225-13ojss">argued</a> persuasively in The Sydney Morning Herald, there has been chronic underinvestment in the city’s populous west.
But to sell the Ultimo Powerhouse is wrong-headed – a mishmash of wedge politics and bad policy. Governments should understand that cities take decades and centuries to evolve, and that such rash decisions are at the expense of future generations.
A city of mistakes
As <a href="https://www.smh.com.au/nsw/powerhouse-museum-site-in-ultimo-to-be-sold-to-developers-20150226-13pn5o">reported</a>, the Ultimo site would go to developers for an optimistic A$200 million or so, most likely for apartments. However, the Powerhouse’s rare grandeur makes it manifestly unsuited to such a conversion. It’s ideal for its current purpose – as a major museum or other cultural institution.
To gut such a public asset would perpetuate recent blatant mistakes such as Darling Harbour and <a href="https://www.barangaroo.com/">Barangaroo</a>. In such characteristic parts of the city we need a balance of public and private. Yet increasingly government is missing in action, wantonly trading prized public places and forgoing the role civic elements play in intelligent city making.
Look at the smash-up at Darling Harbour. Why fashion a dumb, disposable city, where speculation is prioritised and where a slew of major public facilities are treated as discount commodities? As the best contemporary urban projects demonstrate, building a vibrant city balances economic decisions with thought-through cultural, social and environmental priorities.
For Sydney, Barangaroo represents the nadir. On 22 hectares of public land stretching along 1.2 kilometres of our city’s most available waterfront, the favoured developers have been gifted seemingly unfettered rights to build as they please. James Packer’s proposed <a href="https://www.smh.com.au/nsw/james-packers-barangaroo-casino-approval-one-of-the-fastest-in-history-chief-regulator-says-20140811-102qzt">tower</a>, stuffed with a hotel, casino and units, poses as the pinnacle of greed.
It should not have been like that. In our international competition-winning <a href="https://www.hillthalis.com.au/?id=39">design</a> for the Barangaroo site in 2006, we proposed that the entire foreshore be inalienable public parkland, linked to the city by a network of generous public streets and new public transport. But this plan was soon sold out by dubious ministers and their inept agencies, bent on promoting development interests at the public’s expense.
Get the balance right
People are attracted to places that mix public and private spaces and activities, a theme explored in our book <a href="https://www.hillthalis.com.au/index.php?id=114">Public Sydney</a>. Instead of the sterile concept of a CBD (central business district), the city centre is really our social heart, all the better for being a magnet for events and demonstrations, the centre of politics and religion, our most historic place and the epicentre of public transport. There’s plentiful research that supports culture’s role in making cities attractive places to be.
Too many government advisers dishearteningly lack public imagination – the ability to conceive and articulate engaging ideas to make a better life for all. Instead, a stymied agenda is held captive by cartels of self-interest that so dominate many aspects of life in Australia, be it the media, banks, airlines, supermarkets or infrastructure.
On urban issues, the real estate industry’s spivs and spruikers declaim that development drives all. But why let their spin profit at our expense? People make the city and it belongs to us – people involved in all modes of exchange, in living, walking, creating and visiting public places. Developers reap their benefits from places already teeming with life and enriched by public transport, institutions, spaces and natural beauty – that is, underpinned by public investment.
 
The Powerhouse Museum, part of the Museum of Applied Arts and Sciences, belongs to a culture and science precinct in Ultimo.
Some suggest that the Museum’s Ultimo location is inconvenient. While Harris Street remains dominated by traffic, access is improving with the construction of the <a href="https://www.shfa.nsw.gov.au/sydney-Our_places_and_projects-Our_projects-The_Goods_Line.htm">Goods Line</a> pedestrian corridor and the extension of the nearby light rail line through the inner west.
There should be a great synergy of important institutions along Harris Street with the Powerhouse, the ABC, the University of Technology Sydney and the TAFE coming together to form a science, design, media and education precinct. Fantastic connections wait to be made between those institutions. Removing the museum would delete a crucial part of that grouping.
Couldn’t the museum be in both Parramatta and Ultimo? The Museum of Applied Arts and Sciences <a href="https://maas.museum/about/">collection</a> has well over 500,000 objects, with only a fraction on display. Surely there’s enough material for an expanded Powerhouse with two genuine bases, each with its particular focus. After all, many such major institutions around the world occupy multiple sites in inventive ways.
Sell, sell, sell – why this obsession?
The major political parties seem wedded to an ideologically driven obsession to privatise public spaces – including the Powerhouse Museum site in Ultimo, other harbour-front sites, <a href="/news">Bridge Street’s</a> magnificent array of sandstone heritage buildings, public housing at <a href="https://www.smh.com.au/nsw/no-fancy-extensions-city-of-sydney-tells-new-millers-point-buyers-20141026-11a00v">Miller’s Point</a>. Such sales are peddled on the thinnest of short-term economic analyses, discounting the broader values of such assets over longer time frames.
Public assets are hard won and once sold, or leased, near-impossible to reclaim. Surely the well-documented unpopularity of asset sales is because the public intuitively understands that you don’t willingly flog your assets at bargain prices – rather, you patiently save for them. That attitude should prevail for unique treasures like the Ultimo Powerhouse.
Some in government seem to think that beautiful buildings on prime public land seem to be somehow wasted on us citizens, we who are the actual owners. But why vest the privileged parts of our city as playthings of the affluent, exclusive enclaves of high-priced consumption? We should instead proclaim our rights to the equitable, sustainable, democratic mix of the open city.
Philip Thalis is architecture faculty industry advisory group member at University of Newcastle.
This article was originally published on <a href="https://theconversation.com">The Conversation</a>.
</body></html>

Sydney risks becoming a dumb, disposable city for the rich

<html><body>
It was yet another stunning result at weekend auctions when an initial 84.6% success rate was secured by Sydney vendors, according to Australian Property Monitors (APM).
The sizzling clearance rate was just below last year’s all-time record result of 86%, recorded coincidentally over the same weekend, said the senior economist at APM Andrew Wilson.
Some 636 homes were listed to go under the hammer on Saturday, which was well ahead of the previous Saturday’s 455 auctions, when the revised rate sat at 80.5%.
It was the third week above 80% on the weekend.    
Sydney’s inner city regions recorded a combined 90.6% clearance rate with almost half of all auction sales.
The city and east reported the highest regional clearance rate on Saturday with 92.5%.
The next best was the inner west with 91.2% with the highest sales reported at 93, followed by the lower north 85.7%, the upper north shore 84.2%, the northern beaches 82.5%, the south 81.8%, the west 80%, Canterbury Bankstown 76.7% and the north west 70.6%.
The central coast ranked weakest with a 54% clearance rate on Saturday.
The most expensive property reported sold was a five bedroom, tri-level home at <a href="https://www.clarkeandhumel.com.au/3032030/10-carrington-parade-freshwater" target="_blank">10 Carrington Parade, Freshwater </a>that sold for $3,750,000 through Clarke and Humel Property. There were seven registered bidders, four of whom got to lodge bids.
<img src="/images/2015/02/23/freshwater%20feb%2023%20one.jpg" alt="">
On its 2008 completion it was noted the architects, Gartner Trovato, maximised what one can do with the site. It last sold as is in 2012 at $3.01 million through Clarke.
The most affordable property reported sold at the weekend was a studio apartment at Coronation Inn, when 103/284 Pacific Highway, Greenwich sold for $308,000 by Urbane Inner West.
<img src="/images/2015/02/23/greenwich%20feb%2023%20one.jpg" alt="">
It was recently available at $320 a week, but the agency says <a href="https://www.realestate.com.au/property-studio-nsw-greenwich-118887747" target="_blank">$350 a week was achievable</a>.
However CoreLogic RP Data records show $350 was unsuccessfully sought earlier this year for the 30 square metre studio plus 16 square metre car space. It's $308,000 sale price reflected a 5.4% yield.
The first Super Saturday of the year arrives with 800 homes scheduled to go under the hammer next weekend.
"Sydney’s feeding frenzy for home buyers shows no sign of diminishing," Wilson said.
Saturday's 636 offering was down 20% on the same time last year, with next weekend's 800 offerings 20% up, according to APM.
{mijopolls 91}
</body></html>

Sydney auction success at fresh near-record high as Super Saturday looms

<html><body>
With all the talk on the impact of the mining slow down, let's not forget the other strong Hunter industries that are quietly achieving and employing the locals: tourism, business conferences and wine production.
Property Bloom has been project managing property developments in the Hunter region for over 14 years now and my research began with a study on the local wine and tourism area and their contribution to the local economy. There's nothing like sipping on a chilled glass of Hunter Valley Semillon whilst studying economics!
As reported by the Hunter Valley Wine and Tourism Association: "The Hunter Valley is the oldest and most iconic wine region in Australia with a heritage of over 180 years. It is the most visited region in NSW after Sydney attracting 2.2 million overnight visitors per annum. The Hunter Valley is one of the key pillars of the NSW visitor economy. The total impact of the local tourism and wine industry is worth $520.6 million, generating over 2800 jobs."
Tourism in the Hunter Valley is benefiting from the massive industry of holding concerts in the vineyards. There's been an impressive array of high-profile performers that have played in the Hunter Valley over the past 10 years: Elton John, Lionel Ritchie, Burt Bacharach, Blondie, Neil Diamond, Crowded House, the Beach Boys, Leonard Cohen, Alicia Keys, Tom Jones and Fleetwood Mac.  If you want a bit of the action get up there to see legendary Swedish pop-rockers ROXETTE on the 28th of February, their special guests include Eurogliders, Dragan and Boom Crash Opera. These bands are straight out of my youth and Joyride was one of my first albums (I'm showing my age)!
When Elton John performed at two shows at the Hope Estate in 2011, it was one of the busiest weekends the region had seen. Thirty-two thousand people attended over the Saturday and Sunday.
A BA Market Surveys report, commissioned by Cessnock City Council and Hunter Valley Wine Country Tourism, showed accommodation over the Elton John weekend was at 99% capacity.
The average daily case sales from cellar doors rose from 41 to 122 across all wineries on that weekend.  The recently signed Chinese-Australian free-trade agreement is likely to boost the Hunter economy and wine exporters will benefit from reduced tariffs.
A separate BA Market Surveys report showed the 2009 Fleetwood Mac concert contributed $13.28 million to the local economy, not including ticket sales. Hope estimates the figure for the 2011 Elton John concerts at around $20 million.
The benefits flow through to other industries as a result of the concerts like the oyster farm in Port Stephens (also part of the Hunter Region) who provided four hundred dozen fresh oysters for picnic baskets. Supermarkets and other retailers in Cessnock see sales boosted by weekenders stocking up on their way to the vineyards.
While concert-goers lead to spikes in cellar door sales and accommodation bookings, so does the strong business tourism and large midweek conference industry. There is also the wedding and in-bound tourism markets that bring a lot of money into the region.
A new $6 million conference and event centre has just opened at the Crown Plaza and General Manager Robert Coates said: “The new Conference and Events Centre will position the Hunter Valley as a leading Australian conference and events destination. Offering guests the latest technology and a light-filled design in a state-of-the-art venue with a combined 2,000 square metres of pre-function, meeting and exhibition space coupled with a unique wine country destination. We have already received large scale group bookings for 2015 resulting in 20 percent growth in business events and many in the pipeline for 2016 – it looks set to be a very busy year for us.”
All these tourists need good roads to drive on and so the New South Wales government has just announced $16.7 million in 'Resources for Regions' funding to upgrade roads in the Hunter's wine country region.
The project, to upgrade Hermitage and Broke Roads, will see more than 12 kilometres of roadway rebuilt, improvements at intersections, new tourist signage and lighting.
The money will also fund construction of a new on-road cycleway connecting the Hunter Expressway and New England Highway with Broke Road.  Infrastructure upgrades such as road works brings contractors to town and they need to rent properties.  We've noticed an increase in demand for our granny flats and villas as single contractors (usually men) want small, low maintenance properties to rent. We have just completed a duplex which was leased immediately to tenants working in the tourism industry.
Understanding the current and future industries in the locations you choose to invest in property is very important.  Finding locations with industries that not only endure but recreate themselves is like finding gold.  The property market’s long-term performance is very closely tied to industry and employment opportunities and the more diverse the local economy the better.
<a href="https://www.propertybloom.com.au" target="_blank">www.propertybloom.com.au</a>
</body></html>

jochivers-wq5Bp59R5a

There's a lot more to the Hunter Valley's economy than mining: Jo Chivers

<html><body>
Australia's most easterly home - by only a few metres - set beneath the towering Byron Bay lighthouse, has been listed for 1 April auction.
Rod Smart of Ray White Burleigh Waters is quoting $4 million plus.
<img src="/images/2015/02/16/byron-bay-feb-17-one.jpg" alt="">
Source: Google Maps
The home at <a href="https://raywhiteburleighwaters.com.au/nsw/byron-bay/1263433/" target="_blank">9 Brownell Drive</a>, Byron Bay, is a split-level four-bedroom home, 100 metres' walk from Wategos Beach, and above the walking track, but under the Cape Byron Lighthouse on Australia's most easterly headland.
Its peak season nightly rental rate has been $1,429.
{qtube vid:=d1Kz7JAaFeo}
Byron Bay is 800 kilometres north of Sydney and 170 kilometres south of Brisbane.
It's a prestige trophy home street. Social commentator Craig McGregor and his wife, Jane, sold their Wategos Beach property on the street for $4,475,000 in 2009. Their four-bedroom Brownell Drive house was Ian McKay's first Byron Bay architectural commission. It had been their retreat for 30 years and their permanent home since they sold in Bondi Junction in 2000. It came with a Terry Dorrough-designed addition. It was on the market for six months before Gold Coast orthopaedic surgeon Dr Stephen Rackemann bought it through First National agent Chris Hanley.
At 17 Brownell Drive architect Christine Vadasz designed a distinctive house high above Wategos Beach in 1995.
The street's most recent sale was $5.9 million in May last year when the <a href="/news/wing-house-the-peter-stutchbury-designed-byron-bay-trophy-house-sold">Peter Stutchbury-designed Wing house</a> was sold.
</body></html>

Australia's eastern most home at Byron Bay listed for Easter eve auction

<html><body>
Lakemba had the cheapest of Sydney's 70% weekend auction success rate, according to the results from Domain Group's Australian Property Monitors.
There were 97 offerings in Sydney ranging from $417,000 at Lakemba to $2 million at Lane Cove North.
<a href="https://www.domain.com.au/property/for-sale/apartment-unit-flat/nsw/lakemba/?adid=2011679420" target="_blank" style="line-height: 1.3em;">The 5/41 Sproule Street, Lakemba</a> offering was a two bedroom unit sold through Ralph RE which sold for $417,000. Agent Mark Dissinger says it was a suburb record for a two bedroom without a garage. The modernised 82 square metre last sold at $163,000 in 2001. It came with carport. Mark Dissinger said $476,000 was the top two bedroom price with garaging. It sold to an owner occupier.
The 36 Kara Street, Lane Cove North offerings was a recently refurbished four bedroom house.
McGrath agent Brent Courtney had the house listed for December auction last year with $1.8 million hopes, but the occupation certificate didn't come through in time. 
So as soon as it became available in January, Courtney organised an impromptu auction.
There were nine registered bidders, around half having been there on the property in the lead up to the thwarted December auction.
 
</body></html>

Lakemba record but cheapest among Sydney's opening weekend auction range

<html><body>
Last week the Domain Group published its house price report for the December quarter 2014 revealing that Sydney house prices rose 4.1% for the quarter up from 3.5% in the previous quarter.
Apartment prices also rose by 2.9% over the quarter which followed the September quarter which was also up 1.4%. Annually, Sydney house prices have increased by 14.1% and apartments have increased by 10.4%. All very interesting, however it means very little given this is the compiled figure for Sydney and is not representative across all households – even though many home owners believe it is.
For the first time that I can remember the top 10 Sydney house sales were all above $10 million mark, which is an amazing feat in itself.
No, I am not about to go into <a href="/expert-insights/sydney-top-end-sales-skewing-median-price-robert-simeon">how the top end sales skew the median prices</a> – given I treat this data with a grain of salt.
My preferred method is to look under the bonnet to see what actually is going on – by looking at the annual number of trades and the total volume of trades in dollar terms. I find this an interesting method which tells me much, much more about what exactly is happening in the marketplace for both apartments and houses.
This week I did just that – I broke down the figures for Mosman which has one of Sydney’s highest property turnover rates, and the figures are very interesting and in some instances quite amazing.
Mosman Houses
<ul>
<li>2014 – 329 recorded sales with a total value of $1,078,328,672 *</li>
<li>2013 – 379 recorded sales with a total value of $1,061,295,721</li>
<li>2012 – 286 recorded sales with a total value of $802,560,700</li>
<li>2011 – 271 recorded sales with a total value of $794,649,292</li>
<li>2010 – 316 recorded sales with a total value of $901,963,149</li>
<li>2009 – 279 recorded sales with a total value of $734,026,251</li>
<li>2008 – 247 recorded sales with a total value of $702,686,112</li>
<li>2007 – 376 recorded sales with a total value of $1,133,609,387</li>
</ul>
*This figure will increase as more sales settle in 2015
What this tells me is that Mosman house sales are getting back to where they were in 2007 (pre-GFC) given 2013 and 2014 both broke the $1 billion sales volume barrier.
Mosman Apartments
<ul>
<li>2014 – 467 recorded sales with a total value of $461,024,250*</li>
<li>2013 – 482 recorded sales with a total value of $478,346,540</li>
<li>2012 – 472 recorded sales with a total value of $396,810,977</li>
<li>2011 – 477 recorded sales with a total value of $387,294,595</li>
<li>2010 – 473 recorded sales with a total value of $391,925,992</li>
<li>2009 – 484 recorded sales with a total value of $411,218,407</li>
<li>2008 – 442 recorded sales with a total value of $323,799,406</li>
<li>2007 – 485 recorded sales with a total value of $400,122,811</li>
</ul>
*This figure will increase as more sales settle in 2015
So for the past eight years the number of apartments sold in Mosman each year has been between 442 and 485. Houses however have ranged from 279 to 379, so it is much easier to predict how many apartments will be sold in 2015 – 473. Now that is what I would call baffling data.
Back in 2007 the cash rate moved from 6.25% to 6.75% where today it sits at 2.50% with many suggesting a strong possibility it will be cut next week when the Reserve Bank of Australia meets – I don’t believe they will cut at this point although further cuts are inevitable.
<img src="/images/2015/02/03/simeon%20feb%203%20one.jpg" alt="">
Source Domain Group
I find this Domain Group graph fascinating as it clearly identifies what many already know: markets are always self-correcting. Brisbane, Adelaide, Darwin and Hobart apartments are identifying value declines and Darwin is the only state/territory identifying house value declines despite a record low cash rate.
Will the Australian property investors start investing in these areas that are in decline? Absolutely not; investors much prefer to invest in areas identifying capital growth over declining markets given concerns that these markets will decline further.
Sydney’s overall vacancy rate sits at a very tight 2.0% despite concerns that the bull run of investors into the market has not even put a dent in the vacancy rate.
Only when you break down the numbers in demographic property markets do we start to clearly identify how the markets speak in volumes.
</body></html>

robertsimeon-hRNTwJyXkQ

How the markets speak in volumes: Robert Simeon

<html><body>
John McGrath has always been passionate about the property prospects of Sydney's inner ring suburbs.
But last week he went a little further saying suburbs close to the city are becoming so desirable that they will be "hot forever".
The high profile agent stopped short of declaring inner city property prices were immune from price falls.
But the chief executive of McGrath Estate Agents told Fairfax Media these areas would always be attractive to buyers. 
"There is just no end of demand from overseas and local buyers who want to live in those precincts," McGrath said.
McGrath pointed to their proximity to the city, beaches and lifestyle amenities such as art galleries and restaurants.
Interest in the topic was illustrated on the trendolizer<a href="https://australia.trendolizer.com/2015/01/sydney-inner-ring-property-may-be-hot-forever-says-john-mcgrath" target="_blank"> trend </a><a href="https://australia.trendolizer.com/2015/01/sydney-inner-ring-property-may-be-hot-forever-says-john-mcgrath" target="_blank">graph</a>.
"There is sometimes a very minor [price] correction for a small amount of time but generally speaking Sydney is becoming a New York," McGrath suggested.
"It's a big international city and people want to live in it ... and there's very limited stock available. It's always going to be blue-chip and a market leader."
The commentary came with a caveat as McGrath tips price growth in the inner ring will actually lag other suburbs in 2015 because much of it had already "outperformed" other areas in 2013 and 2014.
Bill Randolph, director of the City Futures Research Centre at the University of NSW, warned over-densifying the inner circle will make the suburbs less desirable.
AMP Capital chief economist Shane Oliver the inner ring was affected by "interest rate cycles, recessions, building booms and busts", but felt the impact tended to be far less than the outer suburbs.
Analysis of the past decade by Domain Group's senior economist Andrew Wilson found properties within Sydney's inner 10 kilometre radius had risen 71.5%, compared with 48.4% further out.
From its Paddington origins, McGrath Estate Agents reported December sales figures of $1.02 billion from 1,018 sales for its 62 office network, directly on the back of its 25-year record in November 2014 with $1.27 billion from 1,237 sales. 
McGrath advised that eight offices clocked record sales figures for December.
Sales activity was diverse with 274 sales over $1 million; 65 sales over $2 million and 9 sales over $5 million.
“When we look at the property landscape compared with twelve months ago, property has well and truly rebounded along the Eastern Seaboard, with very strong activity across metropolitan Sydney from Epping in the northwest to Sylvania and Brighton-Le-Sands in the south. The Central Coast is also benefiting from an upsurge in upgraders and investors across all price brackets.
“The strong growth recorded from our Mosman office is in line with our view that the prestige market will perform very well this year off the back of a relatively quiet year in 2014 compared to the rest of the market.”
The top five McGrath offices for growth in the past 12 months were:
<ul>
<li>Brighton-Le-Sands reports $34.6 million (+ 174% on December 2013)</li>
<li>Mosman reports $60.3 million (+167% on December 2013)</li>
<li>Palm Beach (QLD) reports $11 million (+145% on December 2013)</li>
<li>Epping reports $48.4 million (+88% on December 2013)</li>
<li>Warners Bay reports $15.2 million (+87% on December 2013)</li>
<li>Other offices in the group that posted record sales performances for December were:</li>
<li>Sylvania ($25.5 million), Belconnen/Gungahlin in ACT ($23.9 million) and Gosford ($13.6 million).</li>
</ul>
{mijopolls 85}
</body></html>

Latest New South Wales Property News

Groundbreaking marks start of construction at Keira Place in Wollongong CBD

Editor's Picks

Developments

New apartments

New townhouses

News

Latest New South Wales Property News

Groundbreaking marks start of construction at Keira Place in Wollongong CBD

Editor's Picks

Receive the latest news stories to your inbox

Developments

New apartments

New townhouses

News