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?

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Real estate is a competitive business, and there are few people in the industry as competitive as real estate sales agents.
The new <a href="https://www.ratemyagent.com.au">ratemyagent.com.au</a> website, top agent rating and statistics website, platform provided Property Observer a list of the top 10 agents by state and territory across the country for the six months until the end of the 2014 financial year (1 January to 30 June) based on the number of sales recorded over this period (including sales where multiple agents are involved).
In discussing these figures, director and co-founder Mark Armstrong explained that the statistics come from available online listings and information agents can provide themselves.
The information on the website reveals how many sales the agent has been involved in, the total value of those sales and other information to assist consumers in choosing the agent to sell their property.
Agents are able to add information to their profile, however ultimately the strength comes from client-provided testimonials requested by the agent from sellers.
Today, we’re revealing those in New South Wales.
TOP NSW SALES AGENTS
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/07/04/yellow-one.jpg" alt="" style="float: left;"> Alexander Phillips (78)<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/07/15/phillips-july-15-profile.jpg" alt="" style="float: right;">
Scoring a significant 78 sales, some 10 extra above the next sales agent on the list, Phillips from Phillips Pantzer Donnelley in <a href="/news">Woollahra </a>notes online that his annual sales range at 100 plus, and usually between $180 million to $200 million in annual turnover – and it appears he’s certainly on track to exceed the 100 sales for the year.
He sells anything from “$300,000 studios to multi-million dollar homes” and notes that: “For the last three years his listings have averaged just 22 days on market - less than half of the Sydney average.” <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/07/04/yellow-two.jpg" alt="" style="float: left;"> Andrew Sorensen (68)<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/07/15/sorense-july-15-profile.jpg" alt="" style="float: right;">
Next on the list is Raine &amp; Horne Charmhaven’s principal Andrew Sorensen who has been a much-decorated member of the real estate industry.
You might have seen him as a speaker at AREC this year. He also secured the number one ranking for sales and auctions nationally in 2013, as well as second in auction listings nationally in 2013 and third as salesperson ranked on principal dollar value across Australia.
It seems this isn’t slowing down and his ranking might secure him some more honours this year.
Sorensen also made it onto the much-enjoyed trade magazine Real Estate Business lists last year as both a top 100 agent and in the top 50 sales offices.
He has worked in the industry for 12 years.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/07/04/yellow-three.jpg" alt="" style="float: left;"> Penny Stylianou (66)<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/07/15/Stylianou-july-15-profile.jpg" alt="" style="float: right;">
From Century 21 John Ross Combined, located in Seven Hills, Stylianou is the director – sales consultant and has worked for the agency since 1994, with experience in real estate since 1983.
She has also been highly lauded, with a Centurion Award, putting her in the top 2% of the Century 21 group worldwide.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/07/04/yellow-four.jpg" alt="" style="float: left;"> Norman So (62)<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/07/15/Norman-So-july-15-profile.jpg" alt="" style="float: right;">
Strathfield Partners’ sales director So was previously Westpac Banks’ top finance lender in the Inner West, and his success has transferred well over to real estate.
So notes he moves 1.4 properties a week, has 3,000 buyers on his books, and holds a number of records across <a href="/news">Strathfield</a>, <a href="/news">Burwood</a>, <a href="/news">Homebush </a>and <a href="/news">Homebush West</a>.
His sales highlights for this year are noted as including Homebush West’s 29 Hampstead Road, which sold for $3.125 million, and 2 Barker Road Strathfield, which secured $2.25 million.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/07/04/yellow-five.jpg" alt="" style="float: left;"> Tracy Yap (60)<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/07/15/Tracey-Yap-profile.jpg" alt="" style="float: right;">
Yap, principal of Traey Yap Realty, with offices in <a href="/news">Epping </a>and <a href="/news">Chatswood</a>, has sold 2,000 properties over the past 15 years in the Northern District.
She is currently a finalist for Principal of the Year – Metropolitan award at Real Estate Business’ upcoming awards.
Yap opened her own office in 2004 and just recently opened the Chatswood branch.
To see who the other top five in the state are, see the next page.
<hr class="system-pagebreak">
TOP NSW SALES AGENTS 5 TO 10
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/07/04/yellow-six.jpg" alt="" style="float: left;"> Alistair Agius (60)<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/07/15/Alistair-Agius-july-15-profile.jpg" alt="" style="float: right;">
Century 21 John Ross Combined Seven Hills’s sales consultant Agius has a pharmacy background and has also previously been a commercial property manager for two years.
His latest sale is 23 Stuart Mould Crescent, <a href="/news">Lalor Park</a>, which is current under contract.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/07/04/yellow-seven.jpg" alt="" style="float: left;"> Mark Kentwell (58)<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/07/15/Mark-Kentwell-profile.jpg" alt="" style="float: right;">
PRD Nationwide Newcastle &amp; Lake Macquarie’s managing director and principal Kentwell was ranked as the number one selling principal nationally over the past six years.
He also achieved the Newcastle and Hunter Young Achiever of the Year Award and achieved the Harvey Douglas Award for Outstanding Contribution to the Real Estate Industry in 2010.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/07/04/yellow-eight.jpg" alt="" style="float: left;"> David Choy (57)<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/07/15/David-Choy-profile.jpg" alt="" style="float: right;">
McGrath Castle Hill sales agent Choy, a life time resident of the Hills District whose speciality suburbs include <a href="/news">Baulkham Hills</a>,<a href="/news"> Bella Vista</a> and <a href="/news">Castle Hill</a>, has worked the Hills property round for the last 17 years.
He has previously ranked as the number one agent in the state for a major real estate group, and is one of the top five within the McGrath brand internationally.
He makes equal eighth place.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/07/04/yellow-eight.jpg" alt="" style="float: left;"> Ray Fayad (57)<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/07/15/Ray-Fayad-profiile.jpg" alt="" style="float: right;">
Laing + Simmons Granville’s group principal Ray Fayad was the next to be ranked.
Having started his real estate career in 1996, it’s notable that he ranks in the top three income producing agents across the company, and has been involved in the sale of nearly 3,000 properties – including some that secured suburb records.
He currently heads the Laing + Simmons results across the state for sales, auction listings, exclusive listings and project marketing.
He makes equal eighth place.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/07/04/yellow-eight.jpg" alt="" style="float: left;"> Renee Wright (57)<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/07/15/Renee-Wright-profile.jpg" alt="" style="float: right;">
Wright has made seventh place through being involved in a number of sales, although not being the sole selling agent.
Actually Raine &amp; Horne Charmhaven’s principal Andrew Sorensen’s assistant, and a buyer’s agent, she has secured equal eighth place through her involvement in 57 sales from their office (based on listings online).
She was the 2008 Professional Assistant of the Year while working with RE/MAX Coastal Waters and previously had experienced as a property manager at George Brand Real Estate.
She has worked at Raine &amp; Horne Charmhaven since 2011.
As a result, we have included an extra sales agent on the list...
 
George Rafty (55)<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/07/15/George-Rafty-profile.jpg" alt="" style="float: right;">
Rafty, noted as PRD Nationwide's top Australian selling agent for the past three years and a sales agent for PRD Nationwide Newcastle and Lake Macquarie sells over 100 properties a year and has worked in the real estate industry in Newcastle and its surrounds for the past 20 years.
He previously secured a record for <a href="/news">Adamstown </a>with a sale in excess of $1 million.
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jduke-EHk3XBmHkn

The top 10 sales agents in New South Wales: ratemyagent website

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The Wategos Beach beachfront house of the late Sir Leslie Froggatt and Lady Elizabeth Froggatt has finally been sold.
The British-born Froggatt bought the dress circle property (centre above) on the fringe of Byron Bay for $66,500 back in 1970, the year after he became chief executive of Shell Australia.
The<a href="https://www.propertyobserver.com.au/https://m.domain.com.au/listing/2010759709" target="_blank"> 720 square Marine Parade property</a> sold recently for $3,735,000 through Ed Silk at <a href="https://www.edsilkbyronbay.com.au/sale/house-for-sale-wategos-byron-bay/" target="_blank">Ed Silk Byron Bay</a>, inconjuction with Martin Schiller, of Savills to the Melbourne lawyer Scott Stewart, a partner at Moray and Agnew.
It was initially listed in late 2007 when the Melbourne-based businessman, a former chairman of Ashton Mining, Pacific Dunlop and the Shell Company of Australia, had $8 million expectations. After his 2010 death, it was relisted last year with $4.5 million hopes.
The house was renovated with a dated Christine Vadez design almost three decades ago.
The sale reflected $5,180 per square metre land value, with minor access issues. 
Properties on either side have sold over the past five years at $12,600 and $13,700 a square metre.
The strip's record $15.68 million sale in 2006 was at $11,000 a square metre.
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jchancellor-FAypfDUnLy

Tide still receding at Wategos Beach, Byron Bay 

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Sydney's recent real estate price gains have been "catch up", according to the ANZ boss Philip Chronican.
"For all the talk of a property bubble, when you look at Sydney real estate versus the rest of Australia, what has been happening is again more just a sense of catch up," <a href="https://bluenotes.anz.com/posts/2014/07/remember-nsw-its-a-leading-economy-once-more/" target="_blank">Chronican wrote on the bank's bluenotes website.</a>
"A decade ago it would have been a bit obvious to say NSW was driving the Australian economy but it does actually sound slightly odd to be saying that today.
"After all, NSW has no iron ore, no LNG, tourism slumped in the decade after the Olympics and NSW property prices have lagged the rest of the country.
"But NSW is returning to pre-2003, the last time it out-performed the Australian economy."
He said his view had been reinforced by a recent tour of the state with the period between 2003 and 2013 "something of an aberration".
He said there was no doubt there was a hangover in NSW after the Olympics, following a period when the economy and the property market had grown excessively.
"Then the rest of Australia took off, particularly Western Australia and Queensland, with the resource investment boom. 
"The story today then is one of recovery," he said adding ANZ’s chief economist Warren Hogan had been emphasising how strong the NSW outlook was in recent research.
"The unemployment rate in Sydney has fallen below 5% compared with a jobless rate of more than 6% for the rest of Australia," wrote Chronican.
"Construction and real estate employment have risen, international student arrivals are up, the latest NSW budget showed improved operating balances and lower net debt.
"The NSW economy is expected to be buoyed by substantial infrastructure spending in coming years as an expected $20 billion in proceeds from the privatisation of electricity networks is invested in new projects.
 "On the property front, Sydney is no longer massively over-priced relative to the rest of the country."<a href="https://bluenotes.anz.com/posts/2014/07/remember-nsw-its-a-leading-economy-once-more/" target="_blank"> </a>
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Sydney property price playing catchup: ANZ's Philip Chronican

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The end of the financial year is here, which means it’s time to look ahead at what the next may hold.
Adrian Wilson, principal and managing director of Wilson Property Agents, said that there are a number of things he believes will happen for Sydney’s inner city market.
“Predicting the future of the property market directly is tricky at the moment. Which part of the market you are interested in needs to be considered specifically, and this includes buying, selling, investing, developing or off-the-plan.
“These segments then need to be broken down by precinct, suburb, area and state before categorising them into price, size, location and opportunity,” he said.
Here’s how he thinks Sydney’s inner city market will perform:
<ul>
<li>BELOW $1 MILLION</li>
</ul>
High demand for quality one and two bedroom apartments
Good views, parking, high level of presentation, close to parks and water, or strong rental yield will all remain desirable.
Growth expectation: 4% to 7%
<ul>
<li>$1 MILLION TO $2 MILLION</li>
</ul>
Reasonable levels of demand to continue
Stronger activity in the early $1 million range, tightening towards the higher end of the price bracket
Currently around 50 properties advertised in this segment – which isn’t many
Most listings placed in Southern, Mid-City precincts and limited in Northern CBD, Hyde Park or Harbourside areas
Growth expectation: 2% to 5%
<ul>
<li>$2 MILLION PLUS</li>
</ul>
This prestige market has been quiet for some time but was bullish in October 2013 to March 2014 with 29 sales totalling $91 million
It had been up on a year previous (22 sales at $64 million)
Segment to stabilise
Growth expectation: 1% to 3%
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Sydney inner city market: End of financial year predictions

Infrastructure development the factor to watch in Sydney: Knight Frank

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Many numbers have been thrown around since the announcement of the budget, including <a href="/expert-insights/building/nsw-first-home-buyers-can-buy-up-to-750-000-under-extended-fhog">changes to first home buyer grants</a> and <a href="/expert-insights/investing/foreign-buyers-to-be-denied-nsw-new-home-owners-grant">who can access the new build grant across the state.</a>
However, there were also many decisions made that affect the physical future of Sydney and its surrounds. We've picked out some of the spending and locations that investors in Sydney will want to know about.
WESTERN SYDNEY
$83 million
Committed funds from the Department of Planning &amp; Environment to support new homes in Western Sydney. Expected to be the region accounting for almost half of Sydney’s growth in the next two decades.
$60 million
Provided to Western Sydney councils to deliver the infrastructure to support the new housing development. Committed under the Local Infrastructure Growth Scheme.
$13 million Provided for infrastructure in Western Sydney Growth Centres under the Special Infrastructure Contributions.
$166 million
Key infrastructure upgrades to support Western Sydney and other areas (part of the $483 million Housing Acceleration Fund).
KEY QUOTES:
“The $60 million being provided this year through the Local Infrastructure Growth Scheme will help new homeowners in Western Sydney by funding the cost gap between contributions from developers and actual costs for council-delivered infrastructure for new housing development." (Minister for Planning Pru Goward)
“This allows councils to deliver local infrastructure at the same time as new homes are built, keeping home prices down and helping boost supply by easing the pinch points which can slow new housing development." (Minister for Planning Pru Goward)
NORTH WEST SYDNEY
$40 million
For the next two stages of the Schofields Road upgrade. Will support approximately 10,450 new homes in the North West Growth Centre. (Included in the $166 million allocation)
$30 million
For the next two stages of Richmond Road. Will support approximately 16,200 new homes in the North West Growth Centre. (Included in the $166 million allocation)
SYDNEY CITY
$43 million
Provided through the Sydney Harbour Foreshore Authority to develop the Sydney International Convention, Exhibition and Entertainment Precinct.
$25 million
Provided through the Sydney Harbour Foreshore Authority for a number of cultural heritage improvements, including public domain in The Rocks and Darling Harbour, constructing pedestrian and cycle network opening up Railway Square to Darling Harbour (to be known as The Goods Line).
GENERAL ALLOCATIONS
$12 million
In grants to local authorities to upgrade local infrastructure and create urban environments within specific Urban Activation Precincts. To be followed up with $24 million in 2015/2016 for phase one, and $50 million over 2015/2016 and 2016/2017.
$22 million
To make planning simpler, these funds have been committed to roll out ePlanning ($8.5 million was invested in 2013/2014 for this). It will allow you to lodge DAs online and view information in a map-based format.
KEY QUOTES:
“Just as smart phones and apps have completely changed the way we live and work, so too ePlanning will transform the way families and businesses will interact with the planning system in NSW.
“Components will be brought online in stages over the coming year, and when fully functional in 2015 users will be able to see the full suite of planning policies and regulations that apply to individual lots.
“The impact this will have on those considering a property purchase, a renovation or build will be enormous, reducing hours of paper-based work to literally minutes spent online." (Minister for Planning Pru Goward)
The Urban Taskforce has noted confidence in the anticipated infrastructure, noting some of their highlights include these two:
$400 million towards the Parramatta light rail.
$265 million of CBD and South East light rail funding. “There is no funding allocated for the recently announced Greater Sydney Commission although the $11 million allocated to planning reform could help set this up. Funding continues for the Planning Assessment Commission and the Joint Regional Planning Panels at $8.5 million so they presumably continue within the framework of the proposed Commission," said Urban Tasforce CEO Chris Johnson. 
Picture courtesy of Janet Ramsden/Flickr/<a href="https://creativecommons.org/licenses/by/2.0/" target="_blank">Creative Commons</a>.
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Shaping Sydney: The NSW state budget spending numbers to know

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There were no loss making property sales detected in just the three Sydney municipalities during the March quarter, according to the latest <a href="https://www.myrp.com.au/">RP Data</a> Pain and Gain report.
They were Marrickville, Botany Bay and Hunters Hill.
The highest volume of loss-taking was the 7% that sold for less than last time in the Wyong municipality where the typical loss was $40,000, followed by the 6.7% in the Pittwater municipality were the typical loss was $60,000.
The biggest losses were taken in the neighbouring Warringah municipality at a typical $437,500 drop.
None of the 43 municipalities secured gains well in excess of the biggest loss, with the biggest being a typical $400,000 gain in Hunters Hill and a $337,500 gain in the The Hills Shire.
<div class="page" title="Page 6">
<div class="section">
<div class="layoutArea">
<div class="column">
Only 3% of homes re-sold over the March 2014 quarter in Sydney sold for less than their previous purchase price, down from 6.9% 12 months ago and at its lowest level since December 2003. 
All regions had less than 8% of all re-sales at a loss over the quarter.
Click to open in new window: 
<a href="/images/2014/06/17/pain-june-17-two.gif" target="_blank"><img src="/images/2014/06/17/pain-june-17-two.gif" alt=""></a>
Source: RP Data
</div>
</div>
</div>
</div>
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Marrickville, Botany Bay and Hunters Hill property vendors avoid losses

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Low interest rates and confidence built through growth in the stock market have senior economist for Australian Property Monitors, Andrew Wilson, predicting an uptick. He believes that the lower north shore, northern beaches and city east are following the boom seen in the lower and middle markets in Sydney.
Already, over the March quarter, APM’s figures recorded 8% growth in the prestige market, compared to the western suburbs’ 3.9%.
He revealed, at the second annual LJ Hooker Mosman Investment Seminar, that the middle and lower ends are tampering off, however the lower north shore is firing up.
“Current prestige markets are definitely not as advanced in the price cycle as previous highs in 2009 and 2010, there is still some way for that market to reach the top,” he said.
In fact, he believes that by the end of 2014, the lower north shore will have seen 10% in growth.
“There is no stopping the prestige property market at the moment, there is still a lot of positive energy buzzing around with reports of the highest price growth since 2003,” he told seminar attendees.
“This positive atmosphere has worked as a mindset shift for possible buyers and sellers in that market, rather than an underpinning driver.”
LJ Hooker Mosman director Bernard Ryan said that he is seeing properties over $1.8 million transacting faster.
“Investors and upgraders have been honing in on the lower north shore since interest rates started trending down in November 2011, but activity really gathered pace in the last year,” Ryan said.
“We’ve always had a strong contingent of locally-based clients, but interstate-based and overseas investors have increased their presence recently.”
Areas for potential growth:
<ul>
<li>
<a href="/news">Mosman</a> 
</li>
<li>
<a href="/news">Cremorne</a> 
</li>
<li>
<a href="/news">Neutral Bay</a> 
</li>
<li>
<a href="/news">Kirribilli</a> 
</li>
<li>
<a href="/news">Milsons Point</a> 
</li>
<li><a href="/news">Lavender Bay</a></li>
</ul>
Source: LJ Hooker Mosman
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APM's Andrew Wilson predicts 10% growth for Sydney prestige market

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Arx Bella, a NSW South Coast short-term accommodation property showing an 8% rental yield, has been listed for sale at $2.45 million.
Set five kilometres from Berry, the one hectare property at 498a Woodhill Mountain Road, comes with solar passive home with clean lines maximising light and space. 
Every room enjoys views across the valley to the ocean and escarpment.
The 1.2-hectare block cost $825,000 in late 2007, the two-level house was designed by Art House Design's Blair Mullins at Vincentia with 500 square metre of internal space.
Behind its front door, created by designer Matt Long. there is a four bedroom home. Its living/dining area is open plan featuring a Jetmaster open fire with Carrera marble and hearth. The gourmet kitchen comes with walk-in pantry and preparation room with sink, work bench, storage racks and drawers.
"Arx Bella as an investment makes financial sense," says Ray White Berry listing agent <a href="https://raywhiteberry.com.au/nsw/berry/1133126/" target="_blank">Shane Hilaire</a> who has the property listed with <a href="https://www.cliveradburn.com.au/#!residential-for-sale" target="_blank">Clive Radburn</a>.
"There is solid and consistent cash-flow from short term accomodation showing a rental yield of 8%," he said.
With $3750 weekly rental potential, it has annual rent returns that will "impress," he added allowing any buyer to offset their ownership costs along with having the benefit of personal use.
He suggests there was a "high capital appreciation potential."
It has been listed as priced at "below cost".
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Arx Bella, the NSW South Coast tourism rental home returning 8%

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New South Wales' Lake Macquarie has recorded a 20% increase in sales transactions over the past two years, results from PRDnationwide's Property Watch report have calculated.
This result aligns with $100 million of spending from public and private enterprises on ew facilities, such as the Cameron Park Marketplace shopping centre, stores and a new train station at Cardiff.
Harrison Hall, a PRDnationwise research analyst, said that new developments will cater for employment opportunities in the contruction industry.
“We've seen median house prices soar by 6.4% over the past two years and the unit market is following a similar pattern,” Hall explained.
“The investment in public amenities, new property developments and care facilities for an ageing demographic combined with its proximity to the burgeoning economic centre of Newcastle is certainly boding well for Lake Macquarie's real estate industry.”
PRDnationwide expanded further in Lake Macquarie at the end of 2013.
Entry prices have <a href="/news">gathered strong pace in Cardiff</a>, a Lake Macquarie suburb, over the past few years. The median house price is currently at $363,500.
Photo courtesy of Wikipedia/Creative Commons.
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