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

Joel Robinson

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

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

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

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

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

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

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

Sherpa sells out Flourish Oasis in booming Palm Beach

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

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

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

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

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

Ellen Walker

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

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With the New South Wales government announcing they’re set to drive housing and consider options to independent planning reforms, it appears scaremongering may be hindering the process, according to the Urban Taskforce.
Planning reforms that may allow more opportunities for housing seem to have communities concerned about overdevelopment, the industry body said.
“Claims by the Greens that the Eastern Suburbs will have ‘high rise to the seaside’ or that the government plans ‘to bulldoze the North Shore’ are clearly gross exaggerations that are intended to stir up community anger against change to the planning system,” said Urban Taskforce CEO Chris Johnson.
“There is some confusion between the media reports that the Premier has said the Planning Minister should deliver the planning reforms using existing powers and a more recent statement that options are still being considered,” said Johnson.
“We believe the government should proceed with the reforms as outlined in their White Paper and that most of this can be done through existing legislation.”
He said that the housing supply across the state cannot wait until another election.
<a href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
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jduke-EHk3XBmHkn

Claims Sydney’s eastern suburbs will have “high rise to seaside” are scaremongering: Urban Taskforce

<html><body>Australian Property Monitors (APM) has released a list of results from 315 auctions in Sydney for the weekend of February 15. The clearance rate was 81.0%. <a href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" target="_blank" rel="nofollow" style="font-size: 14px;">Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

po-LsXgBTHBmX

APM's Sydney 315 auction results show a 81.0% clearance rate

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A North Penrith development site, called the upcoming “crowning jewel” owned by Parkview, has the council shocked by a suggested approval of changes to the initial plans.
The council told The Western Weekender that the plan was for a site to “book-end” the city of <a target="_blank" href="/news">Penrith</a>, and provide a 16-storey hotel as well as 930 dwellings on the site. They had been informed of these intentions in 2008.
The current plan, however, has Masters Home Improvement store and 375 car spaces in the first stage, with stages two to six including 570 residential apartments, retail shops and a tavern, at an estimated capital investment value of $219 million. This was suggested in 2012, which may be good news for renovators in the area, but not so good news for first time buyers.
The State Government has recommended approval of the construction, a stance that is unpopular in local council.
The development area is the former Panasonic site on Station Street – number 164.
Last year, the councilors voted unanimously that they would not approve a new concept design from Parkview Penrith, and then made a submission to the Department of Planning and Infrastructure objecting to the plan.
In 2008, they approved the initial concept plans for the 172,000 square metre site.
The initial high density plans would have provided some housing relief in this lower socio economic area of Sydney.
Over 2012/2013 financial year, Penrith was <a target="_blank" href="https://www.planning.nsw.gov.au/Portals/0/AboutUs/docs/2013_Full-report.pdf">within the top 12 Sydney LGAs for housing approvals</a>.
jduke@propertyobserver.com.au
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“Crowning jewel of Penrith” development’s changes shock Council

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Buying into Australia’s regional areas can cause some to come unstuck, particularly when they haven’t done their research. However, Raine &amp; Horne’s CEO, Angus Raine, said that there are three things you can look for to ensure a bit of extra success.
Discussing the exacerbated drought conditions across regional New South Wales and Queensland, Raine said that seasonal challenges are all part and parcel of living in country areas.
For these reasons, investors and property buyers would do well to focus on these three areas:
<ol>
<li>Robust economies</li>
<li>Strong employment prospects</li>
<li>Population growth</li>
</ol>
“These factors can help underpin decent long-term growth and rental yields and provide some cover against the effects of environmental influences that are often out of our hands such as flood and drought,” said Raine.
In particular, the Queensland town of Charters Towers and north west New South Wales’ Moree have these three pillars.
For instance, Charters Towers doesn’t rely solely on agriculture, with a strong education sector and a mining base for gold and coal.
Kelly Atkins, principal of Raine &amp; Horn Moree, said that while the drought is affecting the market, real estate remains resilient.
“Around 30%of buyers are investors, and many of these individuals don’t live in Moree,” said Atkins.
Yields of up to 8% are seen within the area, such as a $164,500 three-bedroom house on Boland drive that rents for $255 per week.
What factors do you look for in a regional town?
<a href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
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Angus Raine’s three factors to ensure success investing in regional areas

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As property prices increase around Sydney, much discussion is being had around whether investors and home buyers will head more towards units as opposed to houses to save on the costs.
Edwin Almeida, from Just Think Real Estate and Sydney Real Estate TV, explains that you really need to look at the true cost of buying an apartment when undertaking a financial comparison to a house. In fact, it’s not all about the asking price.
Almeida asks whether it’s a simple case of the unaffordability of housing, or whether there’s more behind the drive to move people into apartment buildings.
“Well let’s look at the numbers and the true costs buying into an apartment represents; after all, these are figures most marketing companies and agents don’t want you to know,” he said, providing the figures outlined in the video below.
{qtube vid:=2gMpvfDGovA&amp;feature=youtu.be}
These figures have been derived from Almeida’s own property management books on his rent roll at Just Think.
<hr>
 He provided the following numbers (as outlined in the video): 
Average Two Bedroom Apartments Costs
A: Costs
<ul>
<li>Average Strata levies $1600 x 4 = $6,400</li>
<li>Average Water Rates $190 x 4 = $760</li>
<li>Average Council Rates $230 x 4 = $920</li>
<li>Average Property Management fees annualised = $2,100</li>
<li>Average vacancy rate and letting fees = $1,200 </li>
</ul>
Total = $11,380
 
B: Rent Annual
<ul>
<li>Average rent $550 x 52 = $28,600 per year 
</li>
</ul>
C: Interest Rate
<ul>
<li>Average interest rate on investment $550,000 = $29,975 per year 
</li>
</ul>
Therefore: 
B – C = -$1350 (D) Short Fall
 
Therefore: 
D (Short fall) + A (Costs) = $12,755/52 weeks
= $245.29/week out of pocket “top up”
 
*Other costs not factored into the purchase of the property: Stamp duty if applicable
Source: Just Think Real Estate
<hr>
“An increase of 30%  leads from $245.29/week to average costs $318/week out of pocket ‘top up’ -what we are noticing of late across Sydney [in terms of property price growth figures],” said Almeida.
He also pointed to increases in levies, in one instance of 100% - from $1,600 to $3,100 – with no real reason, but with rents staying stable at $580 per week. This property is an apartment in a Parramatta highrise, where Almeida manages three properties.
“Be sure to calculate real costs of purchasing into new apartment investment opportunities before making the decision to buy,” he said.
So, investors and apartment owners, we’re asking you what your costs look like around the country? What are the fees that have increased or have been unexpected? Are you having success with the apartment strategy?
<a target="_blank" href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
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The true cost of buying an investment unit: Are these the numbers developers don’t want you to see?

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The much-discussed development of Sydney’s Barangaroo is potentially behind an increase in demand in neighbouring Walsh Bay, said to be benefiting from the flow on effect.
Pier 8 &amp; 9 at Walsh Bay, along with 36 Hickson Road, a heritage building, have sold for a combined $58.5 million to a Swiss investment company, sitEX, and a Sydney-based investor respectively.
Pier 8 &amp; 9 was owned by Matt Handbury of Murdoch Media and is a heritage finger wharf.
The pier, at 7,500 square metres, had apparently seen a lot of interest, finally being purchased by sitEX, who had also acquired 117 Harrington Street in 2013 for $13 million.
Design firm Hassell Services has signed a 10-year lease for 2,660 square metres of space, while Yahoo!7 and Murdoch Media are also tenants in the building. <a target="_blank" href="/news">Hassell architect firm relocated to this site from their previous space in The Rocks</a>, and are working on the redesign of the $2.5 billion Darling Harbour exhibition centre. The rent is undisclosed.
Meanwhile, 36 Hickson Road, known as 36 The Bond, is a 1,200 square metre building that has been refurbished into an office/retail space on a freehold strata title. New tenants will be sought for the space once vacated by current tenant, Lend Lease.
Gavin Lloyd, CBRE, who negotiated the deal, said that investors are looking to capitalize on the rejuvenation benefits of Barangaroo, which is to be Australia’s largest mixed use waterfront development.
 
“Walsh Bay and Hickson Road have been recognised for many years as a premier address for creative tenants,” Lloyd said.
“The $6 billion Barangaroo precinct has heightened the focus on these neighbouring markets and underpinned a surge in tenant and buyer demand, with investors focusing on the provision of new infrastructure, amenity such as the planned Headland Park and its associated cultural facility, as well as significantly improved transport links.”
It’s not just commercial opportunities attracting attention either, with residential conversions also seeing interest, such as the first released apartment stage at Barangaroo South.
In January 2012, John McGrath <a target="_blank" href="https://www.propertyobserver.com.au/new-south-wales/john-mcgrath-finds-walsh-bay-prices-have-been-watered-down-title-tattle/2012013153185">sold his Walsh Bay apartment for $5.5 million</a>, a drop on the amount it was purchased for.
jduke@propertyobserver.com.au
 
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Barangaroo’s flow on effect sees $58.5 million in Walsh Bay transactions

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If you're a valuer, particularly in New South Wales, there's good news in store.
SEEK has tweeted out their infographic and new details showing where the best salary increases are across the states and territories, as well as across the country, and it appears that valuers are a surefire winner. Seeing an 85% increase in New South Wales to reach an average salary of $89,200, it's clearly a sign of a hot market.
Similarly, in Western Australia, architectural drafting has seen a significant increase - up 68%. The average salary is $67,500.
These details come from the Seek Job Growth Report, comparing 2013 with 2012, released this month.
<blockquote lang="en" class="twitter-tweet">
Wanna know what the hottest <a href="https://twitter.com/search?q=%23jobs&amp;src=hash" target="_blank">#jobs</a> are for <a href="https://twitter.com/search?q=%23salary&amp;src=hash" target="_blank">#salary</a> increases across the country? Yeah ya do. <a href="https://t.co/0zCyCTnnVL" target="_blank">https://t.co/0zCyCTnnVL</a> <a href="https://t.co/1lKc6A67yT" target="_blank">pic.twitter.com/1lKc6A67yT</a>
— SEEK (@seekjobs) <a href="https://www.propertyobserver.com.au/https://twitter.com/seekjobs/statuses/433837167782023168" target="_blank">February 13, 2014</a>
</blockquote>
Across the country, property "evaluation" is up 51%, to an average salary of $85,300, according to their nationwide infographic.
If you're in Queensland, then veterinary and animal welfare is the fastest growing, at 64%. In Victoria, power generation and distribution is seeing top results at 104%, while South Australia's general practitioners have been given an 82% boost.
Nationally, fishing and aquaculture topped out at 65%, followed by property evaluation, 51%. General practitioners, teaching - early childhood and emergency services also took out spaces on the list at 47%, 47% and 44% respectively.
There are currently 115 listings in the 'valuation' section on Seek, of which 58 are in New South Wales.
We're not sure we know any valuers whose salary has gone up 85% in one year, but it does perhaps suggest that there are some more senior roles now available. Readers working in the valuation industry - what have your experiences of this been?
<a href="mailto:jduke@propertyobserver.com.au" target="_blank">jduke@propertyobserver.com.au</a>
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Property valuation one of hottest jobs for salary increases, NSW

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During a five-day My Place program in Campbelltown and Camden, Fair Trading officers are conducting compliance checks on a range of people, including real estate agents.
Scam awareness is the aim for the My Place series of information sessions and seminars being hosted this week by Fair Trading, with several today around property and home building.
Minister for Fair Trading, Stuart Ayres, will be joined by Campbelltown MP, Bryan Doyle at the Viceroy Mt Gilead Retirement Village, to host a seminar aiming to help people identify, avoid and report scams.
“Every year Australians lose millions of dollars to the activities of scammers who target people of all backgrounds, ages and income levels with online, mail, door-to-door and telephone scams,” Doyle said.
Seniors are one of the most vulnerable groups when it comes to scams, with this training hopefully to assist them not to fall prey.
In addition to scam awareness, information seminars on tenancy laws, strata schemes and incorporated associations will be held, along with seminars for home builders and real estate agents, among others.
“My Place programs give Fair Trading a keen insight into local marketplaces and often help pick up problem areas in compliance,” Ayres said.
“Trader checks help the agency remind industry participants of their obligations at law.”
<a href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
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Fair Trading undertaking real estate compliance checks in Campbelltown, Camden

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The three-bedroom Archibald penthouse in The Residence apartment tower is now on the market through CBRE. The last remaining penthouse in the complex, the 690 square metre Archibald has panoramic views and includes a private pool and spa, a rooftop kitchen and outdoor terraces.
The penthouse was named after Jules Francois Archibald, the Australian journalist who founded The Bulletin. According to CBRE agent Ben Stewart, who is marketing the property with Caroline Fagerlund, the apartment was designed by Sydney-based architectural firm Scott Carver with attention paid to its environmental efficiency.
“This apartment has been designed to the highest environmental standards and demonstrates an intelligent design approach that draws inspiration from the phenomenal beauty of its location,” said Stewart.
{yoogallery src=[images/stories/2013/08/aug28syd]}
Last year, the penthouse adjacent to the Archibald, known as <a href="https://www.propertyobserver.com.au/news/hyde-park-the-residence-penthouse-sale-confirmed-at-%2417-million/2013082764609" target="_blank">the Sulman</a> (pictured above, made headlines when it was purchased for $17 million by an offshore buyer with children who were studying at university in Sydney.
The Residence is located on College Street in Hyde Park and comprises 87 apartments.
<a href="mailto:jrichardson@propertyobserver.com.au" target="_blank">jrichardson@propertyobserver.com.au</a>
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jrichardson-uRX5hFdKfN

The Residence in Hyde Park's final penthouse now selling

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Mining magnate Nick Curtis and wife Angela - now empty nesters - have listed their trophy Woollahra abode.
<a href="https://bradfieldcleary.com.au/4144844/133-Queen-Street-Woollahra" target="_blank">The Queen Street house </a> last traded in 2004 when bought from the 2SM radio broadcaster John Laws and wife Caroline for $7.7 million.
Laws had purchased the 961 square metre Queen Street property in 1981 for $264,000 and then commissioned Espie Dods to design a two-storey house, with separate staff quarters and garaging for six cars, behind its high fence.
The high fence is still the same, but the house has been renovated by the Curtis couple while keeping the integrity of the Dods work. Apparently the expansive terrace delivers year-round alfresco entertaining. 
There is also a separate two bedroom cottage.
All just footsteps from all the village amenities. 
Nick Curtis has been leading Lynas Corporation since mid-2001 with a career spanning more than three decades in the resources and finance industries.  Curtis has serves as a governor of the Mining and Metals Industry Partnership Group at the World Economic Forum.
It has been listed with expectations in the vicinity of $12 million through BradfieldCleary agents Bob Guth and Georgia Cleary who are marketing it as "a blue ribbon retreat with comfort and convenience."
They even suggest it's "arguably Sydney's finest non-waterfront residence."
But taking nothing away from it, Title Tattle will argue with them on that! Maybe finest village residence?
<a href="mailto:news@propertyobserver.com.au" target="_blank">news@propertyobserver.com.au</a>
 
 
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