National diversified developer <a href="https://www.apartments.com.au/developers/goldfields-group">Goldfields</a> has launched its latest Brisbane apartment project, <a href="https://www.apartments.com.au/new-apartments/quartet-milton-33-manning-street-milton-qld-4064">Quartet Milton</a>, marking its entry into the sought-after inner-city suburb just two kilometres from the CBD.

The circa $100 million development will rise 18 storeys and deliver 131 apartments, offering a mix of one, two-, and three-bedroom residences.

Ideally located on Manning Street, Quartet residents will be within 300 metres of Milton Station, 500 metres from the Milton Ferry Wharf, and a short walk to Milton Markets, the iconic Park Road, as well as a range of breweries and cafés.

&nbsp;

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Designed by architecture firm <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and brought to life by <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>, the building features a simple, gridded façade paired with generous glazing to enhance views, maximise aspect, and capture both sunrises and sunsets from within the apartments and their generously sized balconies.

Residents will have access to a 1,000 sqm rooftop, curated to balance wellness and entertaining, in response to increasing demand for wellness-focused shared spaces.

"We've approached Quartet Milton as a complete lifestyle offering, not just apartments, but a place where the design, amenities, and location all work together in a meaningful way," says Goldfields Managing Director Lachlan Thompson.

"Buyers are looking for that sense of confidence, knowing the vision has been carefully thought through not just by us as developers, but by all our consultants appointed to bring this together, and that it will be delivered to the standard they expect."

&nbsp;

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Cera Stribley Co-Founder and Managing Principal Domenic Cerantonio said the rooftop is designed to feel like a place "you'd genuinely use every day."

"A 25-metre pool framed by city and mountain views, wellness areas, and private dining spaces for evenings with friends create a setting designed for year-round comfort and effortless Brisbane living."

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In addition to the 25-metre pool, the rooftop will include a sauna, cold plunge, fully equipped gym, and zen gardens, all complemented by panoramic views of the city and river.

While the building is expected to appeal predominantly to owner-occupiers, Goldfields anticipates interest from investors seeking strong rental returns, driven by the project's design, location, and the city's projected capital growth in the lead-up to the 2032 Brisbane Olympics.

&nbsp;

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<a href="https://www.apartments.com.au/developments/milton-qld-4064">Milton</a>, widely regarded as one of Brisbane's most desirable inner-ring suburbs due to its lifestyle offering and proximity to the CBD, has experienced a shortage of new apartment supply in recent years.

Goldfields is already active in the Brisbane residential market through its Ripley Valley masterplanned community, Hayfield. The 109-hectare neighbourhood is already home to more than 300 families and features a large community park.

Plans for the precinct include a 4 km running track, future schools, and retail and commercial amenities, all within a 35-minute drive of the Brisbane CBD.

Goldfields also plans to deliver a new mixed-use tower at 88 Robertson Street in Fortitude Valley, within the James Street precinct. The project will include 16,000 sqm of boutique commercial space, two levels of wellness facilities, and a rooftop restaurant and event space, akin to Goldfields House in South Yarra, its flagship mixed-use development on Chapel Street, which is crowned by the Beverly Rooftop bar—one of Melbourne’s best-known venues.

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Joel Robinson

Goldfields sets the stage as Quartet Milton launches

<a href="https://www.apartments.com.au/developers/stockland">Stockland</a> and Homes NSW have taken the next major step in the transformation of Waterloo Estate, lodging a Concept State Significant Development Application and concurrent rezoning proposal for the renewal of Waterloo South.

The proposal, now on public exhibition, outlines plans for around 3,300 new homes across the 12.3-hectare precinct. A minimum 30 per cent of residential gross floor area will be delivered as social housing, approximately 20 per cent as affordable housing, and a maximum 50 per cent as market housing. The redevelopment would more than quadruple the number of homes currently on the site and more than double the existing supply of social and affordable housing.

The renewal of Waterloo South forms the first stage of the broader Waterloo Estate transformation and is set to unfold over the next 10 to 15 years. The estate currently contains 750 social housing dwellings and 120 private homes.

<img alt="First look: Stockland and Homes NSW unveil plans for 3,300-home Waterloo South renewal" data-entity-type="file" data-entity-uuid="ba2da34b-171b-4ff1-b0c7-4baf0bce97f2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Waterloo%20public.png?VersionId=S5apPKOqjPHJhk_SzCvdVPxsEBYs300o" />

The proposal, prepared by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a> and Beam Planning, spans 10 street blocks bounded by Cope, Raglan, George, Wellington, Gibson, Kellick, Pitt and McEvoy Streets, directly adjoining the Waterloo Metro Station precinct and within walking distance of Redfern and Green Square stations.

Under the masterplan, building heights would range from two to 33 storeys, delivering approximately 282,485 sqm of residential floor space alongside at least 10,000 sqm of non-residential uses and a minimum 5,000 sqm of community space. The planning framework has been specifically structured to support the mixed-tenure outcome, with the residential gross floor area capped at a maximum 50 per cent market housing allocation.&nbsp;

The Urban Design Report describes the vision as creating “a unique and vibrant mixed-tenure housing precinct that supports the needs of the community and delivers much needed housing in response to National and State Government priorities.”&nbsp;

<img alt="First look: Stockland and Homes NSW unveil plans for 3,300-home Waterloo South renewal" data-entity-type="file" data-entity-uuid="6e1a6d8b-0626-4fa7-94fc-aa91c0af86dc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/waterloo%20per.png?VersionId=duyiJTFOeezTNdM22leI3SoHuqnW6ZaY" />

A major focus of the revised proposal has been increasing the social and affordable housing component. The Minns Government increased the affordable and public housing allocation from 35 per cent to 50 per cent after coming to office in 2023.

Minister for Housing and Homelessness Rose Jackson said the changes were critical to maintaining Waterloo’s social diversity.

“When we came to government, we immediately reviewed the plans for the Waterloo renewal and boosted the number of public and affordable homes from 35 to 50 per cent,” Jackson said.

“This was a crucial step to ensure Waterloo remains a welcoming place for people from all walks of life to call home now and into the future.”&nbsp;

Minister for Planning and Public Spaces Paul Scully said the project would reshape the precinct for generations.

“This concept DA brings thousands of new public, affordable and market homes on the doorstep of the Waterloo Metro station another step closer to reality,” Scully said.

“Importantly, alongside the new homes the plan also proposes new open space where residents and the broader community can gather, relax and play.”&nbsp;

<img alt="First look: Stockland and Homes NSW unveil plans for 3,300-home Waterloo South renewal" data-entity-type="file" data-entity-uuid="867520cb-6e07-4204-885e-53793ac88066" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Waterloo%20public%20a.png?VersionId=lgSI85Q23xBLYLC9NcWKuWZY2HfP4zQ3" />

Stockland Managing Director and CEO Tarun Gupta said the project had been shaped around long-term liveability and community infrastructure.

“As delivery partner, Stockland is proud to be working with the NSW Government on the renewal of Waterloo South – a significant project with community at its heart,” Gupta said.&nbsp;

The planning documents place strong emphasis on “Designing with Country,” recognising the site’s location on Gadigal land. The masterplan incorporates new east-west pedestrian links, activated streetscapes, rooftop communal spaces, retail frontages, and landscaped public areas intended to improve permeability and community connection throughout the estate.&nbsp;

The proposal also seeks to establish a more flexible planning framework for future detailed SSDAs, including updated provisions for educational uses, creative industries, rooftop communal areas, and active frontages. A minimum seven per cent of residential floor space will be delivered as affordable housing managed in perpetuity by community housing provider City West Housing.&nbsp;

The Social Impact Assessment prepared by Urbis describes the renewal as one of Australia’s most significant public housing transformations, identifying substantial long-term positive impacts associated with housing supply, accessibility, public domain improvements, and community infrastructure.&nbsp;

Stockland and Homes NSW have already commenced the first stage of resident relocations, with some tenants moved into newly completed homes at Waterloo Metro Quarter and the Boronia development nearby.

First look: Stockland, NSW Gov, unveils plans for 3,300-home Waterloo South renewal

<a href="https://www.apartments.com.au/new-apartments/smith-by-valli-collingwood-224-228-smith-street-collingwood-vic-3066">Smith Collingwood</a> is a new boutique apartment development bringing a refined, design-led approach to one of Melbourne’s most established inner-city neighbourhoods.

Designed by <a href="https://www.apartments.com.au/architects/pandolfini-architects">Pandolfini Architects</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/lisa-buxton-interiors">Lisa Buxton</a>, Smith by Valli sits on iconic Smith Street and comprises just 22 residences tailored toward owner-occupiers seeking a more considered style of apartment living.

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The design of Smith focuses on a north-facing orientation across all residences, a relatively uncommon feature in dense inner-Melbourne settings. Each apartment has been planned to maximise natural light and outlook, alongside a material palette defined by warm tones, custom joinery, and a full suite of Gaggenau appliances.

The development comprises a mix of one, two, and three-bedroom apartments, with pricing currently ranging from just under $1 million to around $4.85 million for the premium penthouse-level residences, reflecting growing demand for luxury owner-occupier product in Melbourne’s inner urban market.

Residents will also have access to a private rooftop garden designed as an elevated retreat above the city, &nbsp;featuring curated landscaping, veggie boxes, intimate seating areas and spaces for relaxed gatherings. Sustainability has also been integrated into the project through a 7-star energy rating and two secure bicycle facilities for every residence.

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Smith by Valli sits in the heart of one of Melbourne’s most established retail and hospitality strips, within walking distance of venues such as Falco Bakery, Carnation Canteen and Alimentari, alongside parks and everyday services. With a Walk Score of 99, the location reinforces the project’s positioning toward buyers prioritising walkability and access over car dependency.

With only a limited number of residences, Smith reflects growing demand for smaller, highly curated apartment developments that prioritise design quality, liveability, and connection to neighbourhood character.

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Smith by Valli delivers design-led apartments to Melbourne’s inner north

<a href="https://www.urban.com.au/developers/far-east-consortium">Far East Consortium</a>’s 640 Bourke Street stands as a testament to&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic-3000">Melbourne</a>’s ability to bridge its storied past with a bold vision for the future.&nbsp;

Rising above the heritage-listed Eliza Tinsley building, the development reflects a broader shift toward adaptive reuse in the city, where historical assets are retained and reinterpreted as part of new residential development.

Designed by <a href="https://www.urban.com.au/architects/rothelowman">Rothelowman</a>, <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> incorporates the Eliza Tinsley building as its foundation, housing a grand gallery and lobby space that serve as both a functional and symbolic centrepiece. The heritage façade informs the tower’s design, creating a connection between Melbourne’s past and its contemporary skyline.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

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Above this historic base, the 68-storey tower will deliver just over 600 residences, a notable reduction from earlier schemes, reflecting a deliberate move toward larger-format apartments and a stronger owner-occupier focus.

Unlike traditional CBD developments that prioritised investor stock, 640 Bourke Street has been repositioned to respond to changing buyer expectations.

"The discussion was all around making 640 Bourke Street the best residence to live in, to be much more focused on the people in the building rather than people looking at the building," Marsland explained.&nbsp;

This shift is evident in the development’s interiors, which emphasise practical luxury with spacious layouts, high ceilings, and floor-to-ceiling windows framing sweeping views of Melbourne and Port Phillip Bay.&nbsp;

“What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Lauren Sheldon, Far East Consortium’s Director of Sales and Marketing, said.&nbsp;

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Rothelowman Associate Jun Chang added, "We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."&nbsp;

Amenities spanning more than 3,000 sqm across multiple levels further reinforce this focus on resident experience. These include a pool, gym, co-working areas, and a range of hospitality-inspired spaces such as a whisky lounge, library, and private dining rooms, many drawing reference from traditional bathhouses and Melbourne’s laneway culture.

"We wanted to make both the pool and the gym area to be absolutely destinational, and when you traverse across to these spaces, there is a gentle familiarity to the beautiful notions of the hammams and the Roman baths, a gentle nod to history," Chang noted.

At street level, the project contributes to the ongoing transformation of the western CBD, with upgrades to Langs Lane and the introduction of retail, hospitality, and gallery spaces designed to activate the precinct and strengthen its connection to the surrounding city fabric.

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The location places residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market, and the Docklands waterfront, positioning the development within a rapidly evolving inner-city neighbourhood.

"We believe it's the best site left in the city of Melbourne," Craig Williams, Executive Director at Far East Consortium, said.&nbsp;

640 Bourke Street is Far East Consortium’s 14th building in Melbourne’s western CBD.

"A very elegant designed building. It's going to be a Melbourne statement for many, many years to come."

One-bedroom apartments are priced from around $640,000, with 640 Bourke Street targeting completion in 2029.

Renders shown are Artist's Impressions correct as of May 2026.

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Heritage-led design anchors Far East Consortium’s 640 Bourke St, Melbourne

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD Group</a> has set a new residential price record in Queensland with the $30 million sale of the penthouse at its <a href="https://www.apartments.com.au/new-apartments/one-burleigh-88-the-esplanade-burleigh-heads-qld-4220">ONE Burleigh</a> development in Burleigh Heads.

The sale equates to around $37,500 per sqm.

The two-level, 800 sqm penthouse, featuring five bedrooms, five bathrooms, five car spaces, and a private infinity pool overlooking the Pacific Ocean, was acquired by a Gold Coast-based entrepreneur, highlighting continued demand for ultra-premium beachfront product.

Selling agent Freddie Tehle of PRD Burleigh Heads said the result reflects tightening supply of high-quality, large-format apartments in Burleigh.

“There’s very limited opportunity to secure this level of scale and absolute beachfront position in <a href="https://www.apartments.com.au/developments/burleigh-heads-qld-4220">Burleigh Heads</a>,” Tehle said.

“Buyers are increasingly seeking apartments that genuinely replace a standalone home, and this penthouse delivers that with its size, privacy, and direct ocean frontage.”

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The sale comes as construction progresses on ONE Burleigh, a boutique development of 17 full-floor residences at 88 The Esplanade, scheduled for completion in early 2027.

Developed by MAYD Group and designed by <a href="https://www.apartments.com.au/architects/mas-architecture-studio">MAS Architecture</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/sici-design">Sici Design</a>, the project has been positioned as a collection of house-sized beachfront apartments, each occupying an entire floor with around 381 sqm of internal and external living space.

When construction commenced, MAYD director Todd Mould pointed to the long-term resilience of premium coastal real estate as a key driver behind the project.

“Real estate, particularly at the premium end, remains one of the most resilient and proven long-term investment avenues,” Mould said.

“Our ambition is that anyone who buys a MAYD-built product can genuinely feel the care, craftsmanship and commitment we bring to every detail.”

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Each residence has been configured with four bedrooms, multiple living zones, a private office, and expansive ocean-facing terraces. Interiors draw on a restrained material palette, including travertine stone, timber joinery, and integrated premium appliances.

Interior designer Sici Design said the approach was to reflect the project’s coastal setting through both materiality and spatial planning.

“ONE Burleigh is our vision of luxury living, designed to bring the essence of Burleigh Heads' vibrant coastal beauty into an unparalleled residential experience.”

Residents will have access to a suite of wellness-focused amenities, including pools, sauna facilities, and dedicated relaxation spaces, reflecting a broader shift toward lifestyle-driven apartment design on the Gold Coast.

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The project occupies a southern Esplanade site with uninterrupted beachfront frontage, an increasingly rare offering in Burleigh Heads, free from the Norfolk Pines that line much of the coastline and often limit direct ocean outlook.

Mould said the design intent was to balance that outlook with a sense of retreat.

“Living at ONE Burleigh is about how your day naturally unfolds, morning light across the ocean, coffee on the balcony, and being in Burleigh but elevated above the noise.”

The result further reinforces Burleigh Heads’ emergence as one of the Gold Coast’s most tightly held and supply-constrained beachfront markets, where boutique, owner-occupier-focused developments are increasingly setting new price benchmarks.

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MAYD Group sets Queensland record with $30 million penthouse sale at ONE Burleigh in Burleigh Heads

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.

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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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As we creep closer to winter, slightly fewer auctions are being held every weekend, with 1,398 auctions scheduled across the capital cities this week, according to RP Data. 
This figure is slightly lower than the revised 1,545 auctions that took place last week and the 1,749 auctions that took place the week before.
The clearance rate softened slightly from the previous week of 67.7% to 67.5% last week.
At the same time last year, the clearance rate was much lower at 54.1%.
Melbourne has 682 auctions scheduled for the coming week, slightly less than the revised figure of 784 last week and 822 auctions the previous week.
However, Melbourne’s clearance rate increased to 72.3% last week from 70.4% recorded the previous week.
At the same time last year, Melbourne had 674 auctions and a 58% clearance rate.
Meanwhile, Sydney’s clearance rate fell from 72.7% the previous week to 71% last week.
However, it is the fourth week in a row that Sydney’s auction clearance rate has been recorded above the 70% mark.
Sydney has 467 auctions scheduled for the coming week, slightly fewer than the revised figure of 506 auctions last week and 585 the previous week.
At the same time last year, Sydney has 454 auctions and a clearance rate of 55.5%.
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Auctions continue to dwindle as cooler weather sets in: RP Data

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Lights, camera, action! Well not really. Despite the headlines over the past year, it was a just like any other court room filled with trolleys of affidavits when the 8th floor NSW Supreme Court hearing got underway today. All presided over by acting Justice William Windeyer.
It's the three-day Sydney court hearing centred on the actor Toni Collette and her musician husband, David Galafassi, being sued over their failure to settle on an alleged $6.35 million Paddington terrace purchase.
The were no celebrities in the court though McGrath estate agent Ben Collier was there to provide lengthy testimony to the court.
Collette, who was snapped only recently by the paparazzi in Sydney in News Ltd papers, was absent from the courtroom corridors but it was heard she had suggested she didn't have the finances to go through with the Paddington purchase and "implored" the vendors to settle the matter away from the public gaze.
She is currently filming a movie about the search for happiness. With filming scheduled in Canada and London, <a href="https://www.tonicollette.org/2013/05/10/hector-and-the-search-for-happiness-first-still/" target="_blank">a first production still</a> (pictured below) for “Hector and the Search for Happiness”, featuring Simon Pegg and Toni Collette, has been recently posted on a Toni Collette fan website.
<img alt="collettemay13one" height="279" width="470" src="/images/stories/2013/05/collettemay13one.jpg">
The court was told the selling agent Ben Collier's initial price estimate was $6.5 million before the 2011 $23,000 marketing campaign got underway for the vendor, Susie Kelly, the co-founder and owner of Industrie clothing with her husband, Nick.
The court heard the three Woollahra comparable sales Collier offered for the Kelly's price guidance were 19 Trelawney Street, 3 Tara Street and 50 Edward Street. After being approached by the vendors in early 2011, and then around April and May 2011 Collier said there were a few things not selling, so he felt it best for the vendors to wait to Spring 2011.
The court hearing dates back to then October 2011 sale when the entertainment industry couple reputedly signed a contract to buy a double-fronted Paddington terrace from Susie Kelly.
Ben Collier confirmed that Mr and Mrs Galafassi were not on the McGrath data base but came to the property after the marketing got underway.
"There was a confidentiality agreement in the sales contract," Mr Collier said, adding that the internal McGrath price sale recording system allowed the full details of the sale to be hidden from all but the parties to the contract.
However word got out that the Stewart Street house (pictured below) had been<a target="_blank" rel="nofollow" href="https://www.propertyobserver.com.au/residential/actor-toni-collette-and-muso-david-galafassi-fall-for-the-charms-of-contemporary-inner-city-paddington/2011110752250"> snapped up</a> at around $6.35 million quite early in its marketing campaign in October 2011. The court was told David Galafassi put down a $317,500 deposit on September 30, 2011 agreeing to complete the sale on December 30, 2011.
{yoogallery src=[images/stories/november8collette]}
The entertainment industry couple made their alleged subsequent decision not to proceed with the Paddington purchase some months later after they struggled to find a buyer of their <a href="/news">Bronte </a>house.
Their 1885 Bronte weatherboard cottage that cost $4.4 million in mid-2009 struggled to find a buyer despite being tipped to sell for around $900,000 less than their purchase price, and ended up selling at $3.5 million
Collette and Galafassi instead bought back at Bronte, swapping homes with <a href="/news">the buyer of their own $3.5 million house</a>.
The Kellys had bought on Kutti Beach at <a href="/news">Vaucluse </a>in 2011 for $15.5 million, so incurred a land tax charge on the redundant unsold Paddington property.
By January 2012 Collier indicated he was still hopeful Mr and Mrs Galafassi would complete the purchase, but it was not to be.
"I wanted to write to you directly in the hope that you will understand," Collette emailed the Kelly's on January 24 2012 bringing an end to the hopes that a sale might proceed.
"We can no longer buy your beautiful house. We don't have the finances to go through with the purchase. For the sake of both our families I implore you to find a way to settle this less publicly."
The Kelly's barrister Bernie Coles QC suggested one of the reasons for pulling out of the Paddington purchase was that they had decided to buy another property.
A proposed post-Easter 2012 auction marketing campaign -  with a repeated $6.5 million estimate - never got underway, although Ben Collier suggested his price estimate was an unlikely outcome.
Mr Collier actually envisaged the market had deteriorated by "at least 10%" over the period between early 2011 and 2012 with three Holdsworth Street sales highlighting the "gradual deterioration of the market." He pointed especially to the sales of 86, 88 and 90 Holdsworth Street.
His proposed $20,000 remarketing campaign recommendation was offered to the Kelly's, but the Kelly's decided not to take it to May 2012 auction or undertake any advertising at all.
Under cross examination from the Gallafassi barrister, Jeremy Stoljar SC, Mr Collier said it was possible that a marketing campaign may have achieved a better result.
"It's possble it might have acheived a better price," but not likely, Mr Collier told the court.
"Its impossible to draw any conclusions from movements in the market based in the Holdworth Street sales," the Galafassi barrister suggested.
It was important that there be a proper marketing campaign," the Galaffassi barrister suggested.
The Paddington terrace resold on April 24, 2012 to Ian Ball from Ernst &amp; Young for $5.5 million, so the entertainment industry couple face an $850,000-plus claim against them for the difference.
"They (Ian Ball) weren't the first person to come along," Mr Collier said under cross examination by the Galafassi's barrister.
The court was advised that brief consideration was given to the house being a $4000 weekly rental to the Roberts-Thomson family during the period when the sale was unravelling.
Designed by architect Anthony Gill and completed in 2009, the five-bedroom, four-bathroom house sits on a 360-square-metre block.. 
The Kelly's are seeking relief for the $850,000 difference in the price of the resold terrace house, <a target="_blank" href="https://www.propertyobserver.com.au/news/land-tax-claim-in-toni-collette-s-paddington-property-drama/2012112158037">along with $43,500 land tax</a>, as well as the costs of its resale and interest.
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Toni Collette Paddington property court case hears consistent $6.5 million price estimate

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Two new properties have been thrown into the mix of the latest SQM top ten most discounted properties list and have taken out the top two positions.
A three-bedroom, one-bathroom home on South Street Fremantle has taken out the top slot with a large discount of 45%, having only been on the market for 84 days.
The home was originally listed for $1.8 million and following a week-by-week decline, is now listed for $990,000.
WA is now on par with Queensland in terms of the amount of properties in the top ten list and with the highest discounts.
The second most discounted property on the list is a NSW home in Londonderry, with a 44% discount.
The property was originally listed for $2.3 million and 938 days later is asking for $1.29 million. 
The latest SQM report is more of a top nine, as the property in tenth place is not based on the current listing price decline but more so a discount on the last sold price.
The Surfers Paradise property last sold in 2005 for $526,000 and is now listed for $350,000 – a 38% discount.
The SQM discount report has over 1,000 properties in postcode 4217 that have been on the market for over 60 days.
Property Observer recently <a href="https://www.propertyobserver.com.au/residential/friday-may-3-news-gold-coast-time-on-market-drops-slightly-to-225-days-apm/2013042960834" target="_blank">reported</a> on the Gold Coast’s lengthy time on the market with an average of 225 days spent on the market, according to April data.
 
1.
 
<a href="https://www.realestate.com.au/property-house-wa-fremantle-112917623" target="_blank">18 South Street Fremantle 6160</a>
 
Days on the market: 84
Initial asking price: $1,800,000
Current asking price: $990,000
Reduction: 45%
 
2.
 
<a href="https://www.realestate.com.au/property-other-nsw-londonderry-7296375" target="_blank">9 Hughes Street Londonderry 2751</a>
 
Days on the market: 938
Initial asking price: $2,300,000
Current asking price: $1,290,000
Reduction: 44%
 
3.
 
<a target="_blank" href="https://www.realestate.com.au/property-house-qld-tangalooma-104624146">7 Cassidae Crescent Tangalooma 4025</a>
 
Days on the market: 1490
Initial asking price: $1,495,000
Current asking price: $875,000
Reduction: 41%
 
4.
 
<a target="_blank" href="https://www.realestate.com.au/property-other-tas-taranna-106879142">5756 Arthur Highway Taranna</a>
 
Days on the market: 930
Initial asking price: $499,000
Current asking price: $299,000
Reduction: 40%
 
5.
 
<a target="_blank" href="https://www.realestate.com.au/property-other-qld-doolandella-111175499">57 Cloverdale Road Doolandella 4077</a>
 
Days on the market: 266
Initial asking price: $990,000
Current asking price: $600,000
Reduction: 39% 
 
6.
 
<a target="_blank" href="https://www.realestate.com.au/property-house-sa-port+adelaide-106632822">502 Tarni Court Port Adelaide 5015</a>
 
Days on the market: 1036
Initial asking price: $725,000
Current asking price: $450,000
Reduction: 38%
 
7.
 
<a target="_blank" href="https://www.realestate.com.au/property-apartment-wa-north+fremantle-107071431">1/1 Freeman Loop North Fremantle 6159</a>
 
Days on the market: 861
Initial asking price: $4,500,000
Current asking price: $2,795,000
Reduction: 38%
 
8.
 
<a target="_blank" href="https://www.realestate.com.au/property-livestock-qld-caboolture-7262420">19 Lychee Drive Caboolture 4510</a>
 
Days on the market: 1070
Initial asking price: $949,000
Current asking price: $598,000
Reduction: 37%
 
9.
 
<a target="_blank" href="https://www.realestate.com.au/property-house-wa-two+rocks-106211228">15 Gretal Two Rocks 6037</a>
 
Days on the market: 1218
Initial asking price: $1,100,000
Current asking price: $699,000
Reduction: 36%
 
 
10.
 
<a target="_blank" href="https://www.realestate.com.au/property-apartment-qld-surfers+paradise-107788271">3221/23 Ferny Avenue Surfers Paradise 4217</a>
 
Days on the market: 493
Last sold for: - $562,000
Current asking price: $350,000
Reduction: 38%
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Two new properties shake up top ten discounted properties this week: SQM

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Mirvac could pull forward sales and construction at its Harold Park project in Glebe after strong sales from the first two releases, according to a Goldman Sachs report.
Analyst Simon Wheatley’s report on Harold Park says stage 3 could be released ahead of timetable after pre-sales on stage one and two were strong with sales prices “potentially slightly ahead of feasibility”.
The report says around 90% of stage one is sold and 70% of stage two with recent sales numbers accelerating.
<img alt="haroldparkmay8one" height="264" width="470" src="/images/stories/2013/05/haroldparkmay8one.jpg">
“Consequently, we believe that the release of stage 3 could be fast-tracked and may be brought to the market imminently,” Wheatley says.
He says pulling the project forward could result in a plateau in earnings for Mirvac after project completion but they are willing to take the risk because “the ducks are quacking”.
“Demand is strong at Harold Park currently and the release will be timed to meet this demand,” Wheatley says.
<img alt="haroldparkmay8two" height="261" width="470" src="/images/stories/2013/05/haroldparkmay8two.jpg">
He says Mirvac are worried if they don’t pull the project forward they might be left with excess stock if the property market suddenly weakens.
Given the success of the Harold Park and Chatswood Era projects, Wheatley says Mirvac’s profits will likely be higher than previously anticipated.
Wheatley says Mirvac hope to achieve an earnings before interest and taxes figure on the project of more than $200 million.
He puts the total end value of the project, which he was given a tour of by Mirvac, at $1.2 billion.
In March more than 300 people attended the weekend launch of the project in Glebe.
One-bedroom apartments started at $525,000.
<img alt="haroldparkmay8three" height="277" width="470" src="/images/stories/2013/05/haroldparkmay8three.jpg">
There were 27 one-bedders on offer ranging from 50 square metres to 75 square metres; 33 two-bedders (75 to 100 square metres) from $830,000; five three-bedders (105 to 125 square metres) from $1,325,000 and nine three-bed terraces (165 to 180-square metres) from $1.74 million.
The priciest offerings were $1.895 million four-bedroom terraces.
Mirvac is transforming the former Harold Park Paceway into a $1 billion-plus infill housing development.
The Harold Park master plan allows for 1,250 dwellings with a 208,000 square metre network of landscaped parks.
<img src="/images/stories/2013/05/haroldparkmay8four.jpg" width="470" height="161" alt="haroldparkmay8four">
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Mirvac to pull forward Harold Park project sales and construction: Goldman Sachs

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Offered for the first time in over 70 years, a bungalow in Sydney’s lower North Shore sold at its weekend auction for $1.415 million.
Located on Wheatleigh Street, <a target="_blank" href="/news">Naremburn</a>, the deceased estate had been listed with a $1.1 million-plus price guide by Lea Turner of Morton &amp; Morton Real Estate.
Comprising four bedrooms and one-bathroom, the residence has been well maintained and features an original kitchen.
Situated on a 574-square-metre block, the property benefits from natural northern light and has the potential for a complete refurbishment.
More than 60 groups came through the property’s first open, with eight taking away a contract.
The median house price in Naremburn is $1.2 million, according to RP Data.
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Naremburn bungalow with original features fetches over $1.4 million at auction

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The most expensive sale for the week ending May 5 was an undeveloped waterfront block in Cremorne, which sold for $4.925 million, according to RP Data.
Located on <a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house-cremorne-nsw-2090/75413" target="_blank">Wonga Road</a>, the 1,511-square-metre block currently hosts a circa 1945 two-bedroom, one-bathroom residence.
The north facing waterfront property (pictured below) is one of the last remaining undeveloped waterfront blocks in the area and features a shared tidal pool.
<img src="/images/stories/2013/05/wongamay7one.jpg" width="470" height="310" alt="wongamay7one">
The property has the potential to be subdivided or rebuilt into a contemporary family home, subject to council approval.
John Welch of McGrath Mosman secured the sale and had listed the property with a $4.8 million-plus guide.
New South Wales dominated the auction front with nine properties in the most expensive sales list.
The top 10 most expensive sales across Australia last week
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/20_wonga_road_cremorne_nsw_2090/2003256" target="_blank">20 Wonga Road, Cremorne, NSW, 2090</a>, two-bedroom house, sold on May 1 by McGrath Mosman for $4.925 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/117_avoca_drive_avoca_beach_nsw_2251/1204562" target="_blank">117 Avoca Drive, Avoca Beach, NSW, 2251</a>, five-bedroom house, sold prior to auction on April 30 by Raine &amp; Horne Terrigal/Avoca Beach for $3.8 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/55a_gardyne_street_bronte_nsw_2024/1610317" target="_blank">55A Gardyne Street, Bronte, NSW, 2024</a>, four-bedroom house, sold at auction on May 1 by GoodyerDonnelley Real Estate for $3.32 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/1/21_gaerloch_avenue_tamarama_nsw_2026/14995863" target="_blank">1/21 Gaerloch Avenue, Tamarama, NSW, 2026</a>, five-bedroom unit, sold at auction on May 5 by McGrath Estate Agents for $3 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/53_hooper_street_randwick_nsw_2031/5755601" target="_blank">53 Hooper Street, Randwick, NSW, 2031</a>, four-bedroom house, sold at auction on May 5 by Raine &amp; Horne Double Bay for $2.8 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/16_henham_street_hawthorn_east_vic_3123/11199731" target="_blank">16 Henham Street, Hawthorn East, VIC, 3123</a>, four-bedroom house, sold at auction on May 5 by RT Edgar Boroondara Hawthorn for $2.67 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/16_mermaid_avenue_maroubra_nsw_2035/4046307" target="_blank">16 Mermaid Avenue, Maroubra, NSW, 2035</a>, five-bedroom house, sold on April 30 by Ellison Zulian Property for $2.315 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/26_hillside_road_newport_nsw_2106/4872203" target="_blank">26 Hillside Road, Newport, NSW, 2106</a>, five-bedroom house, sold at auction on May 2 by L J Hooker Mona Vale for $2.2 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/19_augusta_street_strathfield_nsw_2135/6479292" target="_blank">19 Augusta Street, Strathfield, NSW, 2135</a>, five-bedroom house, sold at auction on May 4 by Strathfield Partners for $2.1 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/19_karuah_street_strathfield_nsw_2135/6487121">19 Karuah Street, Strathfield, NSW, 2135</a>, five-bedroom house, sold at auction on May 4 by Devine Real Estate for $2.1 million
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Undeveloped waterfront block in Cremorne tops 10 most expensive sales list

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A new voodoo-themed bar is set to launch in a vacant laneway car park in Sydney.
The proprietors of the planned <a target="_blank" href="https://www.hanzic.com.au/103491/972739/home/papa-gedes-bar-sydney-branding-and-typography">Papa Gede bar</a>, have secured a five year lease for a lower ground floor car-park at 207 Clarence Street.
<img height="539" width="400" src="/images/stories/2013/05/papagedemay6one.jpg" alt="papagedemay6one">
The space - located on the lower ground 139 square metre site area - was formerly used by the office tenants to park four cars with storage space and bathing facilities.
<img height="534" width="400" src="/images/stories/2013/05/papagedemay6two.jpg" alt="papagedemay6two">
The leasing agent, John Skufris from <a target="_blank" href="https://www.raywhite.net/?p=7344">Ray White</a>, says the tenants have either started taking public transport or have found other parking.
“The city’s western corridor has proven extremely popular for small bar operators, particularly the precinct bounded by Market, Erskine, George and Kent streets,” Skufris says.
“We received more enquiries for the lower ground floor of 207 Clarence Street from small bar operators than traditional car parking requirements.
“We also received enquiries from prospects including gym, bicycle and wellbeing groups partly due to the availability of weekend building access.”
According to branding of the bar designed by graphic designer Steve Hanzic, drinks will include 'corpse reviver #2', 'death in the afternoon' and 'hangman’s blood'.
<img height="408" width="470" src="/images/stories/2013/05/papagedemay6five.jpg" alt="papagedemay6five">
The building, known as CBD House, has four levels plus a basement area located between King and Market streets. The 109 square metre top floor is up for lease through Ray White.
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Voodoo bar to animate former Clarence Street, Sydney car parking space

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The three shortlisted designs for an iconic tower for Crown Resorts at Barangaroo demonstrate a new approach to the design of tall towers.
<a target="_blank" href="/news">The three designs</a> demonstrate architecture of flowing shapes that imply movement as opposed to older static tower forms.
The three architects have incredible global track records in designing tall buildings. Clearly each team can deliver a quality final product.
With my background as the NSW Government Architect for 10 years it is hard to resist giving some preferences even based on early information.
The proposal by Adrian Smith and Gordon Gill is a fraction ahead in my assessment with its dynamic shape and its approach to the ground plane. These architects have designed some of the world’s tallest buildings from the beautiful Jin Mao tower in Shanghai, the Burj Khalifa in Dubai to the Kingdom Tower in Jeddah at 1000 metres and more recently their design for the 119 floor Greenland Centre in Wuhan in China.
Following close behind is the design by Wilkinson Eyre with a series of interwoven curves that emphasise the vertical form. This firm has designed the elegant Guangzhou International Finance Centre which has a flowing cigar shape to the 103 storey tower with a triangular atrium through the upper levels.
Kohn Pedersen Fox have another flowing design with some midrise wings. Their impressive 118 storey International Commerce Centre in Hong Kong demonstrates the quality of their architecture and how an iconic building on the waterfront can add value to the city.
The three designs carry the spirit of the original design for a hotel in the water onto the land.
These new designs add the spark that the hotel in the water provided back into the overall design.
Clearly there will be more refinement of the designs and a planning approval process that will assess the winning proposal in detail but Sydney looks like is getting a world class sculptural building that demonstrates our confidence as a global city.
Chris Johnson is chief executive of <a href="https://www.google.com.au/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=1&amp;cad=rja&amp;ved=0CDEQFjAA&amp;url=http%3A%2F%2Fwww.urbantaskforce.com.au%2F&amp;ei=5U-DUbOcCcuuiQe6iICwAQ&amp;usg=AFQjCNFJI_DBNm6steAkrA2IciAdrnpiPQ&amp;bvm=bv.45960087,d.aGc" target="_blank">Urban Taskforce</a>.
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Three Barangaroo Hotel designs show Sydney will get a world class sculptural building: Chris Johnson

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A damning parliamentary report has called for the abolition of the NSW Office of the Valuer General in favour of a Valuation Commission along with 29 recommendations for fixing the current non-transparent system of land valuations.
The Office of the Valuer General, currently led by Philip Western, provides  around 2.6 million land valuations in NSW each year, which are used to levy land taxes, rates and duties.
The joint standing committee report of the Office of the Valuer General, chaired by Matt Kean is highly critical of the current way the office operates.
Based on submissions made since January into its 'Inquiry into the land valuation system in NSW', the committee identified a long-list of concerns around the volatility of land values, transparency and “procedural fairness currently afforded to landholders and the governance framework of the valuation system”.
It reports on a “systemic failure to afford landholders a fair hearing, to provide transparency surrounding the valuation methodologies and to treat landholders with the respect, dignity and fairness, to which they are entitled, has significantly and detrimentally impacted landholders”.
Its assessment of the current framework of valuations, finds that the independence of the valuation function from executive government has been “undermined” through the Land and Property Information (LPI) government agency “performing functions that should be performed by the valuer general”.
Submissions received also show “material inconsistency between property valuations” with some property valuations doubling over the space of 12 months and large variations in the value of similar properties located on the same street.
At a hearing in Sydney in March, the committee heard an instance where a valuation of a mine near Broken Hill was reduced from $20.9 million to $4.9 million.
The recommendations include “a new governance framework that replaces the Valuer General with a Valuation Commission”.
The Commission model would involve the appointment of two valuation commissioners and a chief valuation commissioner, all independent statutory appointments.
The chief valuation commissioner would issue public guidelines for the valuation of land in NSW that would clearly state the methodologies; and the circumstances in which they are applied.
Under this framework there would also be Ombudsman oversight, including a “macro review every two years to provide accountability”.
The Committee also recommends a “three year averaging of council rate valuations to dampen the material and significant volatility in the valuation system”.
Other recommendations include improved procedures for landowners to review valuations; the establishment of a dispute resolution system; the annual publication of a separate and detailed annual performance report as well as the creation of a central database of key information of “non-mass” land valuations.
The full report and recommendations can be <a target="_blank" href="https://www.parliament.nsw.gov.au/Prod/parlment/committee.nsf/0/34f120abe2f97076ca257b5f00203b4e/%24FILE/Executive%20Summary%20&amp;%20Recommendations%20-%20Land%20valuation%20system.pdf">downloaded here.</a>
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lschlesinger-FZcF9M3vE6

“Inconsistent” and “undermined” NSW Office of Valuer-General must go says damning parliamentary report

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No capital cities experienced an increase in stock levels over the month of April, with Sydney recording the greatest monthly decline of -9.7%, according to the latest SQM Research report.
Stock listings declined nationally by 2.7% over April with online residential listings sitting at a total of 345,034.
Nationally, stock listing decreased -1% year on year when compared to April 2012.
Sydney recorded the greatest monthly decline of -9.7% with a total stock listing of 25,121 for the month of April.
<img height="165" width="470" src="/images/stories/2013/05/sqmchartmay3one.jpg" alt="sqmchartmay3one">
Compared to April 2012, Sydney experienced a -14.5% decrease.
Melbourne recorded a monthly decrease of -1.1% with a total 44,829 listed stock for the month of April.
Year on year, Melbourne experienced an increase of 1.7%.
Managing Director of SQM Research Louis Christopher says Melbourne still has too much stock on the market.
“It looks elevated,” says Christopher.
Darwin experienced the smallest decrease of -0.1% during April with a total of 1,176 listed stock.
Meanwhile, Canberra recorded the largest yearly increase in stock levels, growing 5.2% since April 2012 with a total of 3,768 listed stock.
Canberra recorded a decrease of -1.9% for April but Christopher says that’s seasonality.
“It is becoming clear now that these results of late have been more influenced by seasonality rather than cyclical factors.
“That suggests to me that the forces of demand verses supply in the national housing market are reasonably balanced right now.
“Sydney is clearly in recovery mode, while I strongly believe Canberra is in a downturn,” says Christopher.
SQM says the property market is now showing signs of shifting from a volatile market, which has been dependent on interest rates and the country’s economic climate, to a market that is in the state of equilibrium between buyers and seller.
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