Busy developer Aqualand Prestige has formally taken the next step in its expansion across Sydney's Lower North Shore, lodging a State Significant Development Application (SSDA) for its long-held Archer Street site in Chatswood.

The application covers <a href="https://www.apartments.com.au/new-apartments/51-55-archer-street-chatswood-nsw-2067">51-55 Archer Street</a>, a 1,767 sqm amalgamated site on the eastern edge of the Chatswood CBD, where the developer is seeking approval for a 45-level mixed-use tower delivering 114 apartments, including a significant affordable housing component, alongside retail, commercial space and six basement levels of parking.

The SSDA marks the latest milestone for a project Aqualand has been quietly progressing over the past two years. The developer first secured the site for its Aqualand Prestige platform before undertaking an alternative design excellence process with PTW Architects, ultimately avoiding a formal design competition through the Housing Delivery Authority pathway.

The proposal has evolved considerably from Aqualand's original concept. The revised scheme has been designed around larger owner-occupier product, with an unusually high proportion of three and four-bedroom apartments, targeting the more affluent buyer profile, and downsizer, emerging across the North Shore.

<img alt="Archer St" data-entity-type="file" data-entity-uuid="0171204c-5811-41b5-9b09-2335d1b7c3d0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%208.52.48%E2%80%AFAM.png?VersionId=6YTuxfq.puZo7k2wbfgemcO5K3QfXYGQ" />

The 114-apartment mix comprises six studios, 27 one-bedroom apartments, 18 two-bedroom apartments, 50 three-bedroom residences and 13 four-bedroom homes. A quarter of the building will be dedicated to affordable housing, well above the mandated 15 per cent&nbsp;

PTW has structured the building vertically, with affordable housing across levels one to six, premium apartments through levels seven to 31, duplex skyhomes on klevels 32 to 43, a penthouse on level 44, and a rooftop plant level above. Six basement levels will provide resident parking and servicing.

The tower is proposed to reach approximately 154 metres, placing it among a growing collection of residential high-rises transforming Chatswood's skyline.

Rather than competing purely on height, PTW says the design has been driven by creating a slimmer tower capable of delivering significantly larger apartments.

"The primary objective of this project was to create a distinctive building that stands out from the recently approved or built structures in the Chatswood area," the design report states, noting the structural efficiency allows greater investment into apartment quality and resident amenity.

Residents would have access to more than 450 sqm of communal open space including landscaped gardens, swimming pool, rooftop entertaining areas, fitness spaces, community gardens, children's play areas and barbecue facilities.

A major focus of the design has been the public domain.

The ground plane has been opened up through landscaped terraces inspired by Willoughby's sandstone ridges, with native planting, public seating, artwork, retail activation and a series of gathering spaces intended to soften what has traditionally been a hard commercial streetscape.

The landscape strategy references Blue Gum forests once common throughout the area, while incorporating Indigenous storytelling, public art and lighting installations to strengthen the connection to Country.

Chatswood has been one of Sydney's busiest apartment markets over the past 12 months, with a steady pipeline of both new project launches and fresh development applications.

Hyecorp recently launched Celine, a 122-apartment development just along Archer Street, while Changfa and Huirong Group are progressing The Anderson, an 84-apartment project on Anderson Street.

Develotek recently secured approval for a 101-apartment tower on Pacific Highway, while Tian An LFD received the green light for Hammond Greens, its apartment development on the edge of the Chatswood Bowling Club.

Commercial property developer FiveX is also making its move into the residential market. Last month it lodged plans for a 61-storey tower with 490 apartments, which, if approved, would become one of the tallest residential buildings in Chatswood.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-fivex-targets-chatswood-skyline-with-61-storey-tower-after-north-sydney-plans">First look: FiveX targets Chatswood skyline with 61-storey tower after North Sydney plans</a>

Aqualand is also expanding its development pipeline following the launch of its luxury residential brand, Aqualand Prestige. The developer has delivered a string of high-end apartment projects across Sydney's affluent suburbs over the past decade, most recently AURA by Aqualand on Walker Street in North Sydney.

[smartcode_project:default project_id=30959 project_image_fid=292863]

It has since quietly assembled its next wave of projects.

Earlier this year Aqualand launched Boronia in Roseville, a boutique 111-apartment development on Larkin Street. The project is one of the first significant apartment developments to launch in the suburb ahead of what is expected to become one of Sydney's most active new housing precincts under the NSW Government's Low and Mid-Rise Housing reforms, which allow greater density around train stations.

[smartcode_project:default project_id=152095 project_image_fid=373685]

The developer has also lodged plans for a two-tower, 413-apartment development on Herbert Street in nearby St Leonards, further strengthening its presence across the Lower North Shore.

Beyond that, Aqualand remains behind the final stage of Barangaroo, where plans will deliver a five-hectare mixed-use precinct comprising new homes, retail, hospitality and community facilities, alongside a new Metro entrance and more than two hectares of public open space, completing the Barangaroo precinct.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/central-barangaroo-development-takes-big-step-with-concept-proposal-approval">Central Barangaroo development takes big step with concept proposal approval</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-aqualand-joins-st-leonards-apartment-party">First look: Aqualand joins St Leonards apartment party</a> 
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Joel Robinson

First look: Aqualand pushes ahead with Chatswood apartment tower as SSDA lodged for Archer Street

Mass timber is becoming an increasingly popular construction material in apartment developments, but Adelaide developer <a href="https://www.apartments.com.au/developers/otello">Otello</a> is taking the approach a step further.

At its new <a href="https://www.apartments.com.au/new-apartments/flowe-bowden-18-gibson-street-bowden-sa-5007">Flowe Bowden</a> development, the exposed cross-laminated timber (CLT) structure isn't just about reducing the building's environmental footprint. It also forms the foundation of a broader wellness strategy, influencing everything from indoor air quality and natural materials to the way residents move through and experience the building.

The 115-apartment mixed-use development, designed by Melbourne-based architecture practice Fieldwork, will occupy a prominent island site opposite Bowden Village Reserve, combining one, two and three-bedroom apartments with retail and a dedicated wellness destination.

[smartcode_project:default project_id=152022 project_image_fid=375528]

Wellness isn't confined to a gym or shared resident facility at Flowe. Instead, Fieldwork embedded the concept into the building itself.

The development has been split into two residential wings connected by a naturally ventilated central breezeway, replacing traditional enclosed corridors with open-air walkways that improve natural light, encourage cross ventilation and create more opportunities for neighbourly interaction.

"Rather than treating wellness as something that only happens on the ground floor, our response integrates it throughout the building, which led us to ask what it really means to design a healthy building," Fieldwork Director Quino Holland said.

[smartcode_project:default project_id=152022 project_image_fid=375531]

The building's architecture also reflects Bowden's industrial heritage. The lower podium references the area's historic brick and sandstone buildings, while the upper levels transition to exposed CLT, allowing the timber structure to become a defining feature throughout the apartments and shared spaces.

The use of mass timber sits alongside a range of sustainability initiatives, including a fully electric, gas-free design, rooftop solar and a targeted 5 Star Green Star rating.

[smartcode_project:default project_id=152022 project_image_fid=375524]

Inside the residences, the focus remains on natural, durable materials. Blackbutt engineered timber flooring, exposed CLT ceilings, porcelain surfaces and warm timber joinery create a calming interior palette, while low-VOC finishes and responsibly sourced materials have been selected to improve indoor air quality.

Kitchens have been designed as the centrepiece of each apartment, featuring porcelain island benchtops, timber-look cabinetry and brushed steel tapware, with layouts that maximise natural light and ventilation.

[smartcode_project:default project_id=152022 project_image_fid=375530]

The more traditional interpretation of wellness comes in the form of Level Eleven, a two-storey wellness club spanning the ground floor, mezzanine and first floor.

The facility will include a gym, yoga and reformer Pilates studios, Finnish and infrared saunas, magnesium hot and cold plunge pools, and dedicated recovery spaces. Unlike many residential wellness facilities, Level Eleven will also operate commercially, allowing the broader Bowden community to access the venue while giving residents exclusive membership benefits.

The ground floor has also been designed around everyday living. A café overlooking Bowden Village Reserve will activate the street frontage, while a bike workshop with tool storage, co-working space and dog wash has been incorporated to support daily routines and encourage interaction between residents.

"Flowe brings together my two biggest passions, creating places and creating healthier lives," Otello founder Daniel Harris said.

"We wanted to create something Adelaide hasn't seen before, a genuinely healthy building, where the way you live is lifted without even trying."

Flowe is positioned directly opposite Bowden Village Reserve and within walking distance of Bowden Railway Station and the Adelaide Entertainment Centre, placing future residents just minutes from the Adelaide CBD while remaining connected to one of the city's most established urban renewal precincts.

[smartcode_project_cta:default project_id=152022]

Otello launches wellness-focused Flowe Bowden with Adelaide-first mass timber apartment design

Not all apartment amenities are immediately visible.

Swimming pools, gyms, rooftop terraces and residents' lounges have long featured on buyers' wishlists, but as the way Australians live has changed, so too have the features that make apartment living more convenient.

Increasingly, buyers are placing value on the practical aspects of day-to-day life. Fast internet, EV charging, secure bike storage, flexible workspaces and parcel management are becoming just as relevant as lifestyle amenities, reflecting changing habits and expectations.

Online shopping has been one of the biggest drivers of that shift.

Australians spent a record $82.6 billion shopping online in 2025, with almost one in every four retail dollars now spent digitally, making parcel deliveries a routine part of everyday life rather than an occasional convenience.

For apartment residents, however, receiving those deliveries isn't always straightforward.

Without someone home to accept a parcel, deliveries can be redirected to a nearby Post Office, left in building foyers or common areas, or require building management to temporarily store packages. As apartment living continues to grow across Australia's cities, parcel management has become an increasingly important consideration for both residents and developers.

Australia Post's Parcel Locker network is one response to that shift.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/KPZ9j5FRdsQ?si=Qztc1dNP3ZvEIUhb" title="YouTube video player" width="560"></iframe>

Rather than relying on home delivery, eligible parcels can be directed to a nominated Parcel Locker, where they're securely stored until collected. Once a parcel arrives, residents receive a notification through the AusPost app or SMS and can retrieve it using a one-time code or QR code at a time that suits them.

The network has expanded to more than 1,500 locations nationwide, with Parcel Lockers positioned at Post Offices, shopping centres, supermarkets, transport hubs and, increasingly, within or alongside residential developments.

That growing presence reflects a broader change in how apartment buildings are being planned.

Developers are increasingly considering the operational side of apartment living alongside traditional lifestyle amenities. Just as secure mailrooms, bicycle storage and EV charging have become more common inclusions, parcel management is emerging as another feature that supports everyday convenience.

It also helps preserve the arrival experience within a building. Carefully designed lobbies and communal spaces can quickly become cluttered when deliveries accumulate, while secure parcel solutions reduce the likelihood of missed deliveries or parcels being left unattended.

For buyers comparing apartments, these everyday details are becoming part of the decision-making process.

Location, floorplans and finishes remain fundamental, but the features that simplify daily life are carrying greater weight than they once did. As online shopping continues to shape consumer behaviour, secure parcel delivery is increasingly becoming another amenity worth looking for.

Parcel delivery is joining the apartment amenity checklist

Inca Property Group has lodged a State Significant Development Application (SSDA) for Dawn, a 53-apartment oceanfront development overlooking Mona Vale Beach.

The proposal, at 35-39 Darley Street East, would replace an existing 18-apartment strata building with a new owner-occupier-focused development comprising 53 two and three-bedroom apartments, including nine affordable built-to-rent residences delivered under the State's infill affordable housing scheme.

Positioned on a 2,679 sqm elevated site around 280 metres from Mona Vale Beach, the development has been designed to maximise panoramic ocean views while responding to the site's sloping topography.

<a href="https://www.apartments.com.au/developers/inca-property-group">Inca Property Group</a> Managing Director Josh Thompson said the State Significant pathway provided greater certainty for projects of this scale.

"This State Significant pathway gives the team real certainty to progress <a href="https://www.apartments.com.au/new-apartments/dawn-35-39-darley-street-east-mona-vale-nsw-2103">Dawn</a> through to completion," Thompson said.

"It allows us to acquire a one-off site, design it carefully and deliver the right offering for the suburb, assessed by the NSW Government's planning department."

The project is one of the first developments in the area to be assessed under the NSW Government's Low and Mid-Rise Housing policy, with the site sitting on the edge of the policy's designated inner area.

The proposal includes three basement levels providing 124 car spaces, alongside a range of resident amenities including a swimming pool, gym, sauna, wellness facilities and private plunge pools for selected ground-floor and penthouse apartments.

<img alt="Dawn" data-entity-type="file" data-entity-uuid="fc1a1daf-0ce4-4f12-9076-b1fa553c7a91" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-21%20at%208.42.11%E2%80%AFAM.png?VersionId=4GZ9h.gpNkTljbxyAET8Jfhv51XUamDm" />

Thompson said Dawn had been designed specifically for owner-occupiers and downsizers, a buyer profile that has driven demand across Inca's recent Upper North Shore developments.

"The majority of buyers in our recent North Shore projects have been downsizers, and we are learning exactly what this market is looking for. Beyond the location itself, we have included resort-style amenities to deliver a genuine lifestyle offering," Thompson said.

Located within walking distance of Mona Vale Beach, the town centre, Mona Vale Golf Club and the Royal Motor Yacht Club, Dawn represents Inca's first Northern Beaches project following the sell-out of Tara on Park in Waitara and Ellis Residences, currently under construction in St Ives.

Construction will be undertaken by Inca's in-house construction arm, GOP Constructions.

Dawn is the latest major apartment proposal for Mona Vale, with the suburb emerging as one of the key beneficiaries of the NSW Government's new Low and Mid-Rise Housing policy.

New developer One Living, led by industry veteran Joseph Scuderi, recently secured a site on Mona Vale Road, on the border of Mona Vale and Pymble, where it is planning around 140 apartments.

IPM is also planning its third project in Mona Vale, significantly increasing the scale of its previous developments with an 82-apartment proposal at <a href="https://www.apartments.com.au/new-apartments/159-167-darley-street-west-mona-vale-nsw-2103">159-167 Darley Street West</a>, opposite Bayview Golf Course and less than 800 metres from Mona Vale town centre.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/one-living-enters-sydneys-new-apartment-market-with-northern-beaches-site-acquisition">One Living enters Sydney's new apartment market with Northern Beaches site acquisition</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-ipm-plans-third-mona-vale-project">First look: IPM plans third Mona Vale project</a>

First look: Inca eyes Mona Vale with State Significant DA for Dawn apartments

Seasoned Victorian apartment developer <a href="https://www.apartments.com.au/developers/central-equity">Central Equity</a> has logged more than $400 million in sales in its luxury apartment project Palmera Residences at Northcliffe on the Gold Coast.&nbsp;

Central Equity Director Karl Kutner said the sales result reflected a combination of location, product quality and delivery certainty with the project already under construction by building powerhouse Multiplex.&nbsp;

"Surpassing $400 million in sales since launch is a significant milestone and an outstanding endorsement of <a href="https://www.apartments.com.au/new-apartments/palmera-residences-gold-coast-18-garfield-terrace-surfers-paradise-qld-4217">Palmera Residences</a>,” he said.&nbsp;

"We believe one of the key reasons for this strong result is the confidence purchasers have in knowing the project is under construction with Multiplex. Buyers are increasingly looking for certainty. They want to know that the project they commit to today will be delivered by an experienced team with a proven track record."&nbsp;

[smartcode_project:default project_id=108274 project_image_fid=365782]

Kutner said it was clear there was still high demand for luxury projects that offered certainty of delivery.&nbsp;

“We are in a market where many residential developments have faced delays due to rising construction costs, labour shortages and financing challenges,” said Kutner.&nbsp;

"But having construction underway has provided our buyers with resounding confidence backed by more than 40 years of development delivery by Central Equity combined with construction by one of Australia's most respected construction companies."&nbsp;

[smartcode_project:default project_id=108274 project_image_fid=365785]

Central Equity is one of Australia's most experienced privately-owned property developers. Over more than four decades, the company has delivered in excess of 85 residential developments including 10,000 apartments and many thousands of stand alone homes.&nbsp;

Located on Garfield Terrace at Northcliffe, between Surfers Paradise and Broadbeach, Palmera Residences occupies one of the Gold Coast's most sought after beachside locations. The development has been designed to appeal to owner occupiers seeking premium residences that combine generous living spaces and resort style amenities.&nbsp;

Palmera Residences will feature an exceptional collection of resort style amenities, including two swimming pools: a generously sized family pool with safe shallow zones for relaxed recreation, and a 20 metre lap pool positioned to maximise all day sunlight.&nbsp;

Residents will also enjoy exclusive access to wellness and recreational facilities including a magnesium pool, sauna, yoga studio, expansive fitted gymnasium, resident lounge, outdoor BBQ’s&nbsp;and indoor and outdoor dining areas, together with a dedicated concierge and luxurious hotel inspired entrance foyer.&nbsp;

[smartcode_project:default project_id=108274 project_image_fid=365767]

A unique feature at Palmera Residences has been designed to enhance the Gold Coast lifestyle which includes both indoor and outdoor gymnasium facilities, together with thoughtfully designed indoor and outdoor dining and entertaining areas. A corner café has also been incorporated to provide residents with a destination for their everyday needs.&nbsp;

Kutner said buyer demand had been broad based with purchasers attracted from interstate as well as throughout South East Queensland.&nbsp;

"We're seeing strong interest from owner occupiers, lifestyle buyers and people relocating to the Gold Coast. Many purchasers have been searching for a premium beachside residence where quality, design and delivery are equally important."&nbsp;

[smartcode_project:default project_id=108274 project_image_fid=365771]

Kutner said the sales milestone was an important achievement, but the focus remained firmly on delivering an exceptional development.&nbsp;

"While reaching $400 million in sales is an important milestone, our priority remains delivering a project that exceeds purchaser expectations,” he said.&nbsp;

"Palmera Residences has been designed to become one of the Gold Coast's landmark residential addresses, and we look forward to welcoming our purchasers to their new homes."&nbsp;

There are a limited number of residences remaining in selected configurations with pricing from $2,950,000 to $8,950,000. Palmera Residences is also crowned by expansive penthouses with wrap around views.

[smartcode_project_cta:default project_id=108274]

Construction certainty and strong buyer demand drive major sales result for luxury Gold Coast development

Palmera Residences fly out the door as sales pass $400 million

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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Western Sydney has been firmly in the spotlight throughout this federal election campaign.
From the candidates who can’t remember their party’s plan to “stop the boats” to those who are <a target="_blank" href="https://www.theguardian.com/world/2013/aug/13/tony-abbott-candidate-sex-appeal">“feisty and have sex appeal”</a>, it seems western Sydney’s voters and candidates have once again captured the hearts and minds of political junkies across the nation.
Traditionally a Labor stronghold, western Sydney is an incredibly culturally diverse region of over two million people. Their votes are critically important to determining who will be able to form government after the election. No-one wants to upset the voters here, and this political sensitivity is perfectly illustrated by the delay in deciding where to build a <a target="_blank" href="https://www.smh.com.au/federal-politics/federal-election-2013/both-parties-have-second-sydney-airport-in-the-pipeline-advocate-says-20130812-2rrg7">second airport in Sydney</a>.
The ALP <a target="_blank" href="https://www.smh.com.au/federal-politics/federal-election-2013/labors-second-airport-to-take-off-20130725-2qnf5">has pledged</a> to start building the airport within three years if it wins government, but has declined to nominate a site. That the government is currently undertaking geographical analysis at a site in Wilton, despite all the best evidence suggesting Badgery’s Creek is the best option, demonstrates how politics continues to trump policy on this issue.
For the Coalition’s part, shadow treasurer Joe Hockey <a target="_blank" href="https://blogs.crikey.com.au/planetalking/2013/01/01/a-hockey-government-will-build-sydney-a-badgerys-creek-airport/">has declared his support</a> for Badgery’s Creek as the preferred site, but opposition leader Tony Abbott has not committed either way. To further confuse the issue, NSW premier Barry O’Farrell opposes a second airport in Sydney, arguing for <a target="_blank" href="https://www.dailytelegraph.com.au/news/nsw/premier-barry-ofarrell-decides-second-sydney-airport-wont-fly/story-fn7q4q9f-1226320109398">high-speed rail link</a> to Canberra Airport. It seems everyone is pulling in different directions on the issue while saying nothing at all.
Sydney’s current airport is creaking under the strain of ever increasing passenger numbers. Unlike many other major airports around the world, Sydney Airport is located only eight kilometres from the city centre. In 2011, Sydney Airport’s operators, Sydney Airport Corporation (SAC), <a target="_blank" href="https://www.sydneyairport.com.au/corporate/about-us.aspx">reported that</a> there were almost 280,000 plane movements with over 36 million passengers annually.
A recent redevelopment <a target="_blank" href="https://centreforaviation.com/analysis/sydney-airport-sticks-with-plans-for-dual-use-terminals-to-handle-forecast-doubling-in-demand-112779">“master plan”</a> by SAC forecasts the numbers of passengers to more than double to 74 million per year by 2033. While SAC argues that the capacity of Sydney Airport is currently at <a target="_blank" href="https://www.smh.com.au/travel/travel-news/sydney-airport-now-ranks-as-nations-worst-20130430-2ir2c">about 60%</a>, traffic management around the airport, its location away from the majority of Sydney residents, noise pollution, price gouging and declining services led the Australian Competition and Consumer Commission (ACCC) to dub it the <a href="https://www.smh.com.au/travel/travel-news/sydney-airport-now-ranks-as-nations-worst-20130430-2ir2c" target="_blank">worst and most expensive airport</a> in Australia, despite bringing in solid profits for shareholders. The ACCC made it clear there either needs to be a massive increase in infrastructure, or that the decision be finally made to build a second airport.
Both the ALP and the Liberals, along with most commentators, have agreed Sydney needs a second airport. However, the problem is that the political battleground of western Sydney is the <a target="_blank" href="https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/BN/2012-2013/SecondSydAirport">most likely location</a> for this airport, and placing it smack bang in the middle of a clutch of marginal seats would be extremely problematic.
The more than two million people living in greater western Sydney are split on the issue. If you live anywhere west or northwest of Parramatta and need to be on a plane before 11am, you are better off spending the night at an airport hotel, or a friend’s couch who lives closer to the Sydney CBD.
Students of mine have shared horror stories of spending two hours trying to get to the airport in time for their flight, only for a car accident to stop traffic and force them to give up and book other flights. It’s clear western Sydney is desperate for a new airport, and the <a target="_blank" href="https://www.news.com.au/business/aviation/badgerys-creek-airport-to-create-28k-jobs-says-study/story-e6frg95x-1226696182713">much-needed jobs</a> it would provide for the area.
 
<hr class="system-pagebreak">
But for all the benefits a second airport would bring the region, those living closest to it may not be so happy. Western Sydney has seen its population expand considerably over the past two decades, meaning the most likely locations for the airport – Badgery’s Creek or Wilton – could be incredibly unpopular with local residents concerned with noise pollution and increased traffic.
The political ramifications of bedding down a second airport become apparent when you view the electoral map of the area. Badgery’s Creek and Wilton are located on the edge of a clutch of very marginal electorates, including Lindsay, Macarthur, Greenway and Chifley. These are seats the Coalition and the ALP are both hoping to win on election night.
So while there seems to be general support for a second airport from both the ALP and Liberals, no-one is willing to make an out-and-out call because of the very real possibility of a long and enduring local backlash. Both Labor’s Ed Husic, whose seat of Chifley backs on to the Badgery’s Creek site, and Liberal member for Macarthur, Russell Matheson, have been <a target="_blank" href="(http:/www.smh.com.au/nsw/mp-wields-people-power-in-fight-against-airport-at-badgerys-creek-20130101-2c45n">vocal in raising their concerns</a> after the prospect of a second airport again emerged.
Like two gunslingers eyeing each other off, no-one is willing to blink or flinch because if someone takes a false step, the swinging electorate will shift very quickly.
A new <a target="_blank" href="https://www.dailytelegraph.com.au/news/nsw/locals-want-a-second-airport-at-badgerys-creek/story-fni0cx12-1226703806797">Galaxy poll</a>, released today, might go some way to altering the thoughts of federal politicians preying on “not in my backyard” sentiments to secure a few more votes on election day. Given the front page treatment in the Daily Telegraph under the headline “All Clear For The West”, <a target="_blank" href="https://www.dailytelegraph.com.au/news/nsw/locals-want-a-second-airport-at-badgerys-creek/story-fni0cx12-1226703806797">the poll of local residents in marginal electorates</a> in the region found an average of 65% of residents polled were in favour of a second airport, with Badgery’s Creek the most popular location.
Yet despite the Daily Telegraph trumpeting this as a clear vindication of a second airport at Badgery’s Creek, the numbers may not be strong enough for nervous politicians. Only around 40 to 50% of voters clearly support this option. The fact remains that there are still a host of undecided voters who are opposed or uncommitted to the project. Considering the ultra marginal status of these electorates, this doubt might just present enough opportunity for the politicians to continue to play on local fears.
So while policy nuts argue the move to Badgery’s Creek is a no-brainer and have moved on to more weighty issues such as a new tax summit, school funding models and the need to transition to a post-carbon economy, it is likely the micro-battles – such as the battle over a second airport in Sydney – could still determine the outcome of the election.
 
<hr>
James Arvanitakis  is a lecturer in cultural and cocial analysis at the <a href="https://www.uws.edu.au/" target="_blank">University of Western Sydney</a><a href="https://theconversation.com/institutions/university-of-western-sydney"></a><a href="https://theconversation.com/institutions/university-of-western-sydney"></a><a href="https://theconversation.com/institutions/university-of-western-sydney"></a><a href="https://theconversation.com/institutions/university-of-western-sydney"></a><a href="https://theconversation.com/institutions/university-of-western-sydney"></a>
James Arvanitakis receives funding from Australian Research Council and Office of Learning and Teaching.<img width="1" src="https://counter.theconversation.edu.au/content/16994/count.gif" height="1" alt="The Conversation">
This article was originally published at <a target="_blank" href="https://theconversation.com">The Conversation</a>. 
 
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Not much chance of a second Sydney airport anytime soon: James Arvanitakis

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A four-bedroom residence in the leafy suburb of Canterbury, known as St Magnus, sold on Saturday for $2.125 million after auction.
Owned by Dr. Tom Eggers and his wife Kate for the past 16 years, St Magnus was listed with a price guide around $2 million.
There were two bidders at the auction, but the residence subsequently passed in and then sold.
The European-inspired home was designed by Peter Martin of FMSA Architects and features a dome entrance, hand painted by Peta Laurisen. 
St Magnus boasts an entertainer’s kitchen with a glass ceilinged dining zone, three bedrooms plus a warehouse-style fourth bedroom with its own kitchenette and access to a rooftop deck.
The property also includes an indoor jet pool and a steam room.
St Magnus was listed with Tim Pickens and Rebecca Edwards of <a href="https://www.kayburton.com.au/property/7-the-ridge-canterbury" target="_blank">Kay &amp; Burton</a>.
The median house price in <a href="/news">Canterbury</a> is $1.7 million, a 5.1% change in the past five years, according to RP Data.
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Dr Tom Eggers sells St Magnus, the Canterbury trophy home

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Despite slightly fewer sales, the Albury/Wodonga median house price remains static – probably because vendors are not being forced to discount heavily and are not under pressure to sell.
The latest Herron Todd White residential market update shows there has been no increase in the numbers of mortgagee – or distressed – sales.
‘’Purchasers seem to be accepting that the asking prices are fair and reasonable and are not negotiating cheaper prices,’’ the update says, with ‘’many active buyers’’ in the marketplace. The update says this is particularly so in the popular areas of west Wodonga, Lavington, east Albury and central Albury.
The Albury median is $370,000 – similar to that reached before the 20007-2008 GFC. The Wodonga median of $250,000 has followed an identical pattern, the update says.
Herron Todd White says a ‘unique’ sales program held in the old Charles Sturt University consists of a number of large, old houses previously used for offices and teaching rooms. The 1930s buildings have nearly all sold with prices ranging from $500,000 to $550,000.
‘’They require considerable expense to convert back to dwellings but, once complete, will be quite desirable due to their location and character. Also on offer are vacant lots which are selling well and for higher than average prices.’’
The region is stable in terms of population, industry growth and climate/environment change, the update says. It appears to be well balanced. ‘’This should provide confidence and reliability for investors to project returns without a large range of risk factors.’’
With the railway line diversion the Wodonga CBD is undergoing a multimillion dollar redevelopment with focus shifting to a modern regional shopping and office location.
‘’It’s a pleasant region to work and play. Shopping, schooling and sporting options abound. Why would you want to work anywhere else?’’ the update asks.
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Prices remain static amid Albury/Wodonga sellers under no pressure: HTW

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If you can’t afford a house in Baulkham Hills, ranks among Sydney’s most popular suburbs, it's suggested you consider travelling just eight kilometres down the road to Seven Hills where the average house price is 34% cheaper.
Westpac has compiled a list of ten Sydney suburbs where it’s cheaper to buy than in their more popular neighbouring suburbs.
Click to enlarge
<a rel="shadowbox" href="/images/stories/2013/08/sydney-houses-aug-27-big.gif" title="Click to enlarge"><img src="/images/stories/2013/08/sydney-houses-aug-27-small.gif"></a>
The hidden gem suburbs are close to the popular suburb but have a lower cost median house or unit price.
“Buyers who want to truly own their home sooner can find real value by simply considering a suburb which is just a stone’s throw away from their first preference,” said Westpac’s Gai McGrath.
If Mosman is out of your budget then Cammeray is a suitable alternative, according to Westpac. With a median house price of $972,674 it is 43.2% cheaper than Mosman. For units though, Neutral Bay is the better alternative but only marginally – it’s just 1.7% cheaper than Mosman.
Manly Vale house prices are 47.1% cheaper than in the ever popular Manly while the units are 35.4% cheaper.
If you wanted to buy a unit in Baulkham Hills, you could consider travelling just four kilometres down the road to Northmead where the average house price is 16% cheaper. You could own your home 10 years, 9 months sooner and save $81,165 in purchase price and $130,520 in interest repayments over time, according to Westpac.
Click to enlarge
<a rel="shadowbox" href="/images/stories/2013/08/sydney-units-aug-27-big.gif" title="Click to enlarge"><img src="/images/stories/2013/08/sydney-units-aug-27-small.gif"></a>
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Sydney's 10 hidden gem suburbs priced up to 47% cheaper than their expensive neighbours

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Mandolong House, one of Mosman's most coveted heritage estates, has just got a bit larger.
Its $18 million buyer Markus Kahlbetzer has spent $3 million on an adjoining 700 square metre property from the Corbett family. It was once the orchard block of the heritage home.
The main house acquisition set a suburb record price for a non-waterfront residential property in early 2012.
Although set high on the slopes of Balmoral, Mandolong House had limited views which will possibly be improved with redevelopment plans likely to be sought by the pastoral family.
The house previously sat on 2,900 square metres of grounds with a north-south tennis court and pool.
The 1885 residence was transformed four years ago by architect William Smart of Smart Design Studio.
The five-bedroom, six-bathroom mansion features a grand entrance hall, formal reception rooms, a state-of-the-art kitchen and entertainment areas that open to wide terraces. There's also a self-contained pavilion for guests.
Markus Kahlbetzer's former home - the penthouse in the 1970s Stuart Murray-designed Elizabeth Bay apartment block Deepdene - remains for sale.
Set on the Elizabeth Bay Road loop, Deepdene stands between the waterfront properties of Oceana and historic Tresco. The architecturally iconic apartment complex was constructed by the builders A.F Little as five separate apartments.
Markus's pastoralist father, John Kahlbetzer acquired the penthouse in 1980, then finished his consolidation in 2006 with the purchase of two units costing $6.6 million from Fay Parker of Parker's Wines. The penthouse outdoor entertainment area was remodelled by landscaper William Dangar with a structure designed by architect Richard Goodwin.
Mandolong House was sold by Barry Roberts-Thomson, deputy chairman of Hutchison Telecommunications, and his wife, Victoria, <a href="https://www.propertyobserver.com.au/residential/mandalong-house-listing-set-to-test-mosman-market-after-banking-bonuses-dry-up/2012022753564" target="_blank">and had initial $20 million hopes</a>. It previously lasted traded for $3,375,000 in 1989 from the Damon family, who had owned it for about 50 years. The house has had only four owners.
<img src="/images/stories/2013/08/mosman-aug-26-satellite-new.gif" alt="mosman-aug-26-satellite-new" width="470" height="295" style="font-size: 0.8em;">
Mandolong House (left) tennis court (centre) and new house purchase (right)
Source: Google 
Buying up the neighbours is nothing new in Mosman. Last December Property Observer wrote the high-flying recently retired Australian expat hedge fund trader Greg Coffey had consolidated <a href="https://www.propertyobserver.com.au/new-south-wales/greg-coffey-gets-his-balmoral-residential-compound-title-tattle/2012120658334" target="_blank">a 4,400 square metre Balmoral compound</a> at a $17.8 million cost.
Mosman's biggest inland holding for many decades was Tregoyd. The seven-bedroom 1890s mansion was where Sir Tristan and Lady Antico raised their seven children on the 1.1-hectare consolidation, which included five separate houses, two tennis courts and a private rainforest. Tregoyd was built for Sir William Cullen, who was Chief Justice from 1910 to 1925. It was subdivided off in the late 1990s.
Easterly, a Federation house in Mosman, that sold for $8.75 million in 2003, is considered one of Mosman's most significant non-waterfront residential properties. The six-bedroom sandstone house stands on 2000 square metres. The Upper Spit Road residence comes with tennis court.
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Kahlbetzer's Mandolong House in Mosman expands to 3,600 square metres 

<html><body>Australian Property Monitors (APM) has released a list of results from 333 auctions in Sydney for the weekend of August 24. The clearance rate was 79%. <a rel="nofollow" target="_blank" href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" 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>

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APM's Sydney 333 auction results show a 79% clearance rate

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Auction clearance rates have been bouyed by investor activity at record levels in Sydney, contributing also to strong quarterly price growth, according to the latest housing market report from Australian Property Monitors.
<img height="337" width="470" src="/images/stories/2013/08/sydney-aug-26-chart-one.jpg" alt="sydney-aug-26-chart-one">
“The Sydney housing market continues to track at record levels, with the July auction clearance rate at 75.9% - the highest ever recorded for that month and the second highest monthly rate on record,” the report by Australian Property Monitor senior economist, Dr Andrew Wilson says.
“Seller activity is responding to strong clearance rates, with Sydney auction listings in July 16.4% higher when compared to July last year.
“Sydney house prices are unsurprisingly on the rise as buyer competition for properties intensifies. The Sydney median house price rose by 2.7% over the June quarter, which was the highest quarterly rise recorded since March 2012. Sydney house prices increased by 4.2% over the first half of 2013, and were up a total of 6.7% over the whole financial year.
“Investor activity continues to be a significant contributor to the Sydney housing market, with latest ABS lending data for New South Wales showing investors at record levels, and contributing to more than half of national home loan commitments.”
<img height="303" width="470" src="/images/stories/2013/08/sydney-aug-26-chart-two.jpg" alt="sydney-aug-26-chart-two">
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Sydney auction clearance rates soaring: APM's 2006-2013 chart

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The gardens are full of blossom, the air is warm, the auction clearance rate is sitting above 80%. 
It feels like Spring.  Can it really only be August?
More importantly, can it last?
Yes I think it can.
Looking back, for much of last year the only people active in the market were those who really had little choice. 
Families who needed more room, downsizers who needed less room, investors who wanted less debt. 
It was a market dominated by need rather than greed.
In contrast the mood is now strangely positive out there. 
Certainly lower interest rates undeniably help but in addition to that, despite the ongoing coverage of the gloomy economy, people are actively electing to look at property again.
In particular investors have returned which is a very positive sign for a sustained pick up in the market.
So whilst we traditionally don’t see this much action during the winter months I don’t believe activity now will be at the expense of a further increase in the ‘official’ spring selling season.
And to be honest I don’t see the federal election having any impact on the mood of vendors and buyers except perhaps for a preference not to schedule an auction on Saturday 7th September.
<hr>
Ewan Morton is managing director of the Sydney based <a target="_blank" href="https://www.mortonandmorton.com.au/">Morton &amp; Morton</a>. 
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Can Sydney's auction heat continue? Ewan Morton

Some $3.75 million has been paid for the Clark Walton-designed Nicholson Street Balmain offering.

The&nbsp;36 Nicholson Street property was last sold&nbsp;in 2006 for $4,391,000 by&nbsp;Reg Dickson&nbsp;who moved to a Pomeroy, Potts Point&nbsp;apartment bought from Jackie Stricker and Kerryn Phelps.

It was sold this time by&nbsp;Brad Caldwell-Eyles&nbsp;of 1st City inconjunction with Bresic Whitney by the&nbsp;Page family.

Set on a&nbsp;450 square metre block&nbsp;the&nbsp;secluded waterfront residence&nbsp;is approached by a driveway and stairs leading down to the front door.

Designed in the early 1980s by architect Clark Walton, the residence is suited to couples wanting a&nbsp;relaxed waterside home. Built in 1984 it was&nbsp;renovated in 1998.

There are&nbsp;plished Jarrah floors extending from the entry vestibule into a mezzanine wrapping the entire upper level and overlooking a central open-plan living area on the lower level.

The&nbsp;mezzanine feels like the bridge of ship.

The water&rsquo;s edge comes with pontoon and mooring pen.

Clark Walton-designed Nicholson Street, Balmain waterfront sale

A four-bedroom home in Northwood with a two-storey boathouse is on the market with a $5 million plus price guide.

Located at 2 Kellys Esplanade, the three-level property features floor to ceiling windows, a swimming pool and landscaped gardens by Good Manors.

The two-storey boathouse features a slipway and a party room or artist studio above.

The property last traded in 2005 for $4.35 million.

Sandra Peach and Tavis Standen of <a href="https://www.raywhite.com/nsw/northwood/1011018/#.Ug26KeBAt6o" target="_blank">Ray White Lane Cove</a> have the listing.

The median house price in <a href="/news">Northwood</a> is $1.66 million, a 14.9% decline in the past five years, according to RP Data.

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