One of North Sydney's best-known commercial buildings could become hundreds of new homes, with insurance giant Zurich Australia lodging a State Significant Development Application (SSDA) to transform 5 Blue Street into a mixed-use residential development above North Sydney Station.

Rather than demolishing the existing building and starting again, Zurich is proposing an adaptive reuse project that would convert the landmark office building into a 15-level residential development delivering 62 apartments, 86 affordable co-living dwellings, activated retail and significant upgrades to the Blue Street Plaza.

The proposal reflects a growing trend of commercial property owners repositioning ageing office assets into residential housing as Sydney grapples with housing supply shortages and changing workplace demand.

<img alt="Zurich" data-entity-type="file" data-entity-uuid="0bba7d12-06dc-4375-aad7-238c94b21ac5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%2010.42.05%E2%80%AFAM.png?VersionId=NJl5oLAEBDGuPmY3RnyliKODjMc8lvRh" />

Located directly above North Sydney Metro and train station, the 3,051 sqm site occupies one of the most strategically positioned parcels of land on Sydney's Lower North Shore.

Designed by fjcstudio, the proposal seeks to retain and adapt much of the existing structure while creating a contemporary residential address that better connects with the public domain surrounding North Sydney Station.

The application proposes two basement levels, ground floor retail, affordable co-living accommodation across the podium levels, and apartments above, while preserving and enhancing the publicly accessible Blue Street Plaza.

Rather than pursuing maximum apartment numbers, Zurich has opted for a housing mix heavily weighted towards larger owner-occupier residences.

The proposal includes 62 build-to-sell apartments comprising 12 one-bedroom, 19 two-bedroom, 29 three-bedroom apartments and two premium penthouses. It also incorporates 86 affordable co-living dwellings, which would be managed in perpetuity by a Community Housing Provider.

That balance between traditional apartments and affordable housing reflects the NSW Government's push to increase housing diversity around major transport infrastructure.

The proposal has been lodged concurrently with a rezoning application, with Zurich arguing the site is ideally positioned to support additional housing given its immediate proximity to public transport, employment and services.

"The proposal aims to respond to the housing challenges facing Sydney through the delivery of diverse housing types in a highly accessible location," the design report by fjcstudio states. It also seeks to improve pedestrian amenity through upgrades to Blue Street Plaza while creating a high-performing residential building that responds to the surrounding context.

<img alt="Zurich" data-entity-type="file" data-entity-uuid="36082e15-c636-4481-bb68-5a5f6443fe39" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%2010.41.36%E2%80%AFAM.png?VersionId=5P6VD.fvmqjQfIG3TWWMRXxQWiQBjeFB" />

Rather than replacing the commercial building, fjcstudio has developed a design that works with the existing structural framework above the rail corridor, an approach that significantly reduces demolition while allowing the site to be repositioned as a mixed-use residential precinct.

The existing structural constraints have informed much of the building's design, including its relationship with Blue Street and surrounding public spaces.

The building has been designed as a slender tower rising above a clearly defined podium, with vertically expressed façades intended to reduce the perceived bulk while reinforcing North Sydney's emerging skyline.

According to fjcstudio, the architectural language responds directly to the surrounding commercial towers while maintaining a finer grain expression more closely aligned with the neighbouring Lavender Bay streetscape.

The tower incorporates articulated façade elements, landscaped podium edges and recessed upper levels to soften its appearance and improve pedestrian amenity below.

A significant component of the proposal is the revitalisation of Blue Street Plaza.

The existing public space has long served as one of the primary pedestrian connections between North Sydney Station, Greenwood Plaza and Blue Street, yet its role is expected to become even more important following the opening of Sydney Metro.

Zurich's proposal seeks to strengthen that role by improving landscaping, introducing new retail frontages, enhancing pedestrian permeability and creating more active edges throughout the day and evening.

Ground floor retail would wrap the plaza, while separate residential and co-living entries have been designed to improve wayfinding without reducing street activation.

Landscape design has been integrated throughout the podium and public realm, softening what is currently one of the most heavily urbanised parts of North Sydney.

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fjcstudio has carefully oriented apartments towards Sydney Harbour and the CBD while using privacy blades and articulated façades to minimise overlooking between neighbouring buildings.

Large framed openings along the western elevation maximise harbour outlooks, while the eastern apartments have been angled towards the south-east to improve privacy from neighbouring development.

The project forms part of the continuing transformation of North Sydney from a predominantly commercial CBD into a genuine mixed-use city centre.

Since the completion of Victoria Cross Metro Station, developers have increasingly shifted their attention towards residential projects capable of leveraging the area's unparalleled transport connectivity.

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FiveX recently lodged plans for a 61-storey, 490-apartment tower that would become one of the tallest residential buildings in North Sydney if approved.

Aqualand continues to expand its Lower North Shore presence following the completion of AURA on Walker Street and its recent St Leonards and Roseville proposals.

Developers are also progressing projects throughout Walker Street, Miller Street and the Victoria Cross precinct as demand for well-located owner-occupier apartments continues to strengthen.

Joel Robinson

First look: Zurich targets North Sydney office conversion with 148-unit proposal above Metro station

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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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

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>

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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.

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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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An Alex Popov-designed home in Castlecrag is to go under the hammer for the first time with a $4.5 million-plus price guide.
The model suburb Castlecrag, located on the lower North Shore of Sydney in the city of Willoughby, was developed during the 1920s by Chicago-born Walter Burley Griffin and his wife Marion Mahony Griffin.
The four-bedroom, three-bathroom home is situated on a 1,043 square metre allotment and boasts 180-degree views.
Hidden behind sandstone walls and established gardens, the home features six metre high ceilings, a private north facing courtyard, custom designed fishpond and a heated lap pool.
The kitchen features twin Quarella stone bench tops and Viking Professional and Miele appliances.
Also included is a wine cellar with a capacity of 3,200 bottles and a French made Cheminees Philippe fireplace.
Listing agent Mark O’Brien of Richardson and Wrench says the listing has been very promising.
“There’s a recognition in the market that this is something special.
“Castlecrag is a small suburb, with less than 1,000 houses so there is not a big turnover,” says O’Brien.
The original home on the property was demolished after being purchased in 1998 for $1,435,000.
Located on Linden Way, the home will go to auction on June 12 through <a target="_blank" href="https://www.randw.com.au/879669/">Mark O’Brien of Richardson and Wrench Castlecrag and Northbridge.</a>
Property Observer <a target="_blank" href="/news">reported</a> on the sale of a $5.9 million Alex Popov-designed home in Castlecrag last month.
The median house price in <a target="_blank" href="/news">Castlecrag</a> is $1,737,500, according to RP Data.
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Alex Popov-designed Castlecrag trophy home set for auction

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On Purchase or Pass this week, we are joined by Charles Tarbey, chairman of Century 21, to evaluate a potential investment property with concrete cancer in Tamarama.

Cancer is a terrible disease and almost everyone knows someone that has been affected by it. It doesn’t just affect humans though; it also attacks property in the form of concrete cancer. Many Australians may not have come across it when searching for a home or an investment, but for those living around Australia’s beaches, it’s becoming more common with all the salty sea air. So should it turn you off a property?

This renovators delight is a <a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/apartment-tamarama-nsw-2026/139636" target="_blank">two-bedroom, one-bathroom unit</a> with undercover car space, 7.8 kilometres from the Sydney CBD. The block isn’t the best looking building from the rear lane access but only has nine units in it and has some tremendous views from the balcony. The property was advertised for sale for $795,000 as a deceased estate and will rent for $650 per week. The property is in need of a major renovation though, which is likely to cost around $80,000 if done properly, giving it an improved rent of $800 per week. The downside of the investment is the concrete cancer in the ceiling of the car park.

{qtube vid:=SrixG-JM1nE&amp;feature=youtu.be}

Chris Gray: So just as a general thing Charles, for people who haven’t come across concrete cancer, how bad can it be?

Charles Tarbey: Oh look, it can be repaired, you can get through it without too much issue, it just depends on how much damage there is Chris. But it can be in the millions of dollars if you’re not careful, but particularly if it’s through the whole complex, that’s something that is going to affect the strata fees.

Chris Gray: So especially when you’re in a strata block and a bigger one, then people try to hide away from things and say I’ve got no money and then it does become a major problem.

Charles Tarbey: Yeah, and the sinking fund may not cover what’s needed, more money may need to be raised. You get in there and before you know it, you’ve purchased a property that you’ve got to raise a lot more money for yourself to be a part of that complex.

Chris Gray: Now certainly looking on the internal side of it, $80,000 to transform a unit is plenty of cash. If you increase the rent by $150 on that, is that a good use of your money?

Charles Tarbey: Yeah, if you look at the interest rates today, $80,000 is probably going to be a lot less in interest repayments than it would be in rent.

Chris Gray: It’s like $4,000 a year.

Charles Tarbey: Ok, you’ll pick up there. But I think it’s the capital gain you have to look at, that’s why you’re buying these places, at the end of the day you’re looking for the capital gain and I do think capital gain is on its way back over the next couple of years and going to surprise a lot of people.

Chris Gray: How important is it putting money into the strata, I mean there is a lot of people that have been in a unit for 30 years, that bought it for probably $100,000 and it’s now worth a million, but they’re stilling not willing, because they don’t have the cash, to put money into the strata.

Charles Tarbey: I watch with interest the different types of properties that are for sale right now in the market place and what’s happened over the last few years, and I’m fortunate enough to have an apartment in the city of Sydney. I purchased it in a complex and the reason I did is because the strata is so well run and over the last three to four years, that particular strata complex and the sales that have gone through there have increased in sales, when across the road they decreased in price. I’m sorry increased in price as opposed to decrease in price and that’s because of the way the strata is run. So I think it’s absolutely critical. You could get one of those small complexes and really make them look fantastic with a small amount of money and again, it increases the value.

Chris Gray: Sounds good. Now the property was actually sold, a contract fell over and it actually sold for $700,000 odd and based on that, purchase or pass for you Charles?

Charles Tarbey: Well I think it would be great for somebody who knew what they were doing. For me, I’m too lazy so I’m going to pass. You’d probably purchase because you have the time to go in and fix it.

Chris Gray: Yeah look, for me, the unit is in a great position but it’s not in the best condition. But for me, a quick four to six week renovation will give you a massive increase in rent and give you a similar increase in equity as well. I think you’re getting the property at a great price, so even if the cancer costs $10,000 or $20,000 I think it's still good so for me it’s definitely a purchase.

 

Other properties near the Eastern Suburbs

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Purchase or Pass? An investment property with concrete cancer in Tamarama

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Ten suburbs have been added to the list of Sydney suburbs with a median house price above $1 million, but property owners and investors might hold off cracking open a bottle of Penfold’s Grange.
They may wish to open a more modest drop with APM senior economist Andrew Wilson estimating there are now around 100 Sydney suburbs with a million-dollar median house price. There are about 656 suburbs across Sydney.
Given these numbers, Dr Wilson suggests there is nothing all that prestigious about joining the million-dollar median house price.
Indeed he's calling it the “meat and potatoes of Sydney housing," in comments to Fairfax Media.
''It's as certain as death and taxes that the number of million-dollar suburbs in Sydney will rise," he adds.
Lane Cove North, Manly Vale, Connells Point, Concord, Chatswood West, Gladesville, Little Bay, Crows Nest, Abbotsford and Avalon all have medians just above $1 million based on Australian Property Monitors’ (APM) median house price data over the past six months.
<table cellspacing="0" cellpadding="0" border="0" frame="box" style="width: 370px;">
<colgroup>
<col width="62">
<col width="71">
</colgroup>
<tbody>
<tr height="51">
<td width="62" height="51">Lane Cove North</td>
<td width="71" align="right">$1,004,500</td>
</tr>
<tr height="34">
<td width="62" height="34">
<div>Manly Vale</div>
</td>
<td align="right">$1,005,000</td>
</tr>
<tr height="34">
<td width="62" height="34">
<div>Connells Point</div>
</td>
<td align="right">$1,005,000</td>
</tr>
<tr height="20">
<td width="62" height="20">
<div>Concord</div>
</td>
<td align="right">$1,007,500</td>
</tr>
<tr height="34">
<td width="62" height="34">
<div>Chatswood West</div>
</td>
<td align="right">$1,007,000</td>
</tr>
<tr height="34">
<td width="62" height="34">
<div>Gladesville</div>
</td>
<td align="right">$1,051,000</td>
</tr>
<tr height="34">
<td width="62" height="34">
<div>Little Bay</div>
</td>
<td align="right">$1,055,000</td>
</tr>
<tr height="34">
<td width="62" height="34">
<div>Crows Nest</div>
</td>
<td align="right">$1,055,000</td>
</tr>
<tr height="34">
<td width="62" height="34">
<div>Abbotsford</div>
</td>
<td align="right">$1,055,000</td>
</tr>
<tr height="20">
<td width="62" height="20">
<div>Avalon</div>
</td>
<td align="right">$1,062,000</td>
</tr>
</tbody>
</table>
<div>Among the best performing of the new million dollar suburbs is Manly Vale, just west of Manly but without the beach at its front door, where the median house price has risen 10% over the past year to a median of $1,005,000.</div>
Wilson says that house priced above $2 million have come back a bit but that those priced between $1 million and $2 million are rising.
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Ten new suburbs join Sydney’s "meat and potatoes” million dollar housing club: APM

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Channel Seven’s House Rules recorded its highest non-house-reveal ratings last night when it trumped its Channel Nine competitor, The Block Sky High Unlocked in the 8 pm Thursday timeslot.
House Rules rated 1.007 million across metropolitan capitals last night, according to OzTAM, the fourth most watched show last night.
The Melbourne audience had a strong 270,000 viewers - due to it being <a target="_blank" href="https://www.propertyobserver.com.au/news/preston-house-rules-renovation-with-%24524000-mortgage-after-%24555000-purchase/2013052961771" style="outline-style: none; outline-width: initial; outline-color: initial; text-decoration: underline; color: #6888b1;">Melbourne house week</a> on the show. The series began in the boondocks of Perth and Hobart over the first two weeks.
The Block Unlocked, a half-hour catch up show, attracted 807,000 viewers, and its Melbourne audience was an even stronger 291,000.
It is the <a target="_blank" href="/news">second week</a> in a row that House Rules has fared better than The Block when both shows have been on air at once.
However, The Block Sky High in the 7 pm slow is still attracting the most ratings with 1.087 million recorded last night – the third most watched show behind Nine and Seven news.
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House Rules hammers The Block Sky High Unlocked for a second time

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A pair of semis on the foreshore of Watsons Bay have sold for $4.25 million.
Located on Marine Parade, the residences were sold as one title, with each featuring two bedrooms and a bathroom.
The properties feature timber floors, high ceilings, north facing landscaped gardens, a deck and plunge pool.
The 491-square-metre property was granted planning approval in 2011 for one residence.
Watsons Bay is located 11 kilometres form the Sydney CBD in the municipality of Woollahra.
The property was sold through Hamish Robertson and Ben Collier of <a target="_blank" href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house-watsons-bay-nsw-2030/163936">McGrath Real Estate.</a>
The semis had been offered at auction late last year by the thoroughbred-horse breeder Jocelyn May.
The Marine Parade semis were initially listed in August 2012 with $6 million price hopes but reduced to more than $4.5 million for the auction marketing campaign.
They had been owned by the May family for more than 50 years.
Elsewhere along the beachfront boardwalk near the Doyles restaurant, the May family sold another pair for $6 million to developer Graham Werry in 2007. 
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Two semis sell in Watsons Bay for $4.25 million

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The Harbourside Shopping Centre in Sydney’s Darling Harbour has been listed for sale by Suntrack Holdings, part of  John Beville’s property empire.
The three level three-level retail and entertainment centre on 20,500 square metres has more than 300 metres of water frontage to Cockle Bay.
{yoogallery src=[images/stories/2013/05/may30darlingharbour]}
Beville bought the site in 2004 for $127 million from Malaysians Kar Wai Chan and Thomas Tiong, who bought the site for $111 million in 1995 and spent $70 million refurbishing the site.
Beville’s 2004 purchase followed the $150 million sale of the Marrickville Metro shopping centre to AMP Capital Investors.
Comments by the selling agent suggest the Harbourside will sell for more than $250 million.
“One hundred per cent interests in retail property above $250 million are keenly sought after and rarely offered for sale within the Australian property market,” says Jonathan Fox from Stonebridge Property Group.
The centre, at <a href="https://www.stonebridgeproperty.com.au/property/iconic-sydney-landmark-retail/">2-10 Darling Drive</a>, has a net lettable area of 20,022 square metres and attracts 14 million visitors a year.
Beville has come under fire from the state government earlier this year, saying the 25-year old property would hamper the $2.5 billion redevelopment of Darling Harbour.
National president-elect of the Australian Institute of Architects, Paul Berkemeier, described the centre as a “tired tourist trap” and it had “passed its use-by date”.
The centre still has 75 years left on its 99-year lease from the Sydney Harbour Foreshore Authority.
The Australian Financial Review reports the site could likely attrract interest from near neighbours Infrastructure NSW, Lend Lease and Echo Entertainment, who have interest in building a hotel and casino on the site to compete with Crown’s Barangaroo development.
The shopping centre was officially opened by Queen Elizabeth in 1988 in a $1 million ceremony that included a lavish fireworks display.
<img src="/images/stories/2013/05/darlingharbourmay30one.jpg" width="342" height="494" alt="darlingharbourmay30one">
Above: Caption Ian Hayson with Queen Elizabeth at the 1988 opening of Harbourside. Image courtesy of Hayson Group.
It was built by Ian and Tom Hayson’s group Merlin Australia who bought the site, then the Sydney Wool Stores, in the 1980s.
The Haysons were keen to replicate the success of Baltimore’s redevelopment of the old Inner Harbor into festival markets for the bicentennial celebrations.
After securing the support of the premier Neville Wran and public works minister Laurie Brereton, the Hayson’s redeveloped the site into the festival markets which formed the centre piece of the bicentennial celebrations. The site was also vital in securing the Olympic Games in 2000.
It is being sold by Stonebridge Property Group agents Jonathan Fox and Carl Molony through an expression of interest campaign that closes on July 17.
Receivers of Beville’s group Bevillesta sold The Top Ryde shopping to US private equity giant Blackstone for $341 million late last year.
Top Ryde was built by Beville in 2010 and cost about $800 million but receivers were appointed a year later.
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Harbourside Shopping Centre in Darling Harbour listed for $250m plus

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Property Observer takes a look around the nation for what $300,000 or less bought you last month in a few capital cities.
A two-bedroom, one-bathroom unit in Sydney’s <a target="_blank" href="/news">Liverpool</a> sold for $230,000.
The 89-square-metre unit was advertised for $239,000 and last sold in 2006 for $170,000.
It features an entertainers balcony, floating timber floors and a single lock up garage.
It offers a rental yield of approximately 7.23% annually if rented out for the maximum asking price of $320 a week.
The property was sold through <a target="_blank" href="https://www.realestateview.com.au/Real-Estate/charles-street-liverpool/Property-Details-sold-residential-5280535">Real Equity First National</a>.
A one-bedroom studio on Spencer Street in the <a target="_blank" href="/news">Melbourne CBD</a> sold for $225,000.
The partially furnished studio is located on the seventh floor and comes with a dishwasher, microwave, washing machine and dryer. 
The apartment complex features a gymnasium and pool.
The studio offers a rental yield of around 8%, with the potential to be let out for $320 to $350 per week.
The property was sold through Travis Corbett of <a target="_blank" href="https://www.chambersre.com.au/selling/VIC/Inner-City/Melbourne/Apartment/1P1739">Chambers Real Estate Fitzroy North</a>.
Over the nation to Perth, a one-bedroom, one-bathroom unit in <a target="_blank" href="/news">Highgate</a> sold for $297,500.
The furnished 73-square-metre unit includes a private courtyard and is within walking distance to the CBD. 
It last sold in March 2012 for $269,000 and has a rental yield of 6.12%.
It was sold through Tim Tyler of <a target="_blank" href="https://www.realestate.com.au/property-unit-wa-highgate-113786415">Tyler and Sons Perth.</a>
A one-bedroom, one-bathroom unit on Cavenagh Street in Darwin sold for $225,000.
The unit is furnished and was sold through Ron Shaw of <a target="_blank" href="https://www.realestate.com.au/property-unit-nt-darwin-111679775">Alliance Realty Larrakeyah</a>.
The unit last sold in June 2007 for $129,000 and has a rental yield of approximately 7.28%.
Down south to Tasmania where a two-bedroom unit on Cuthbertson Place in <a target="_blank" href="/news">Lenah Valley</a> sold on May 23 for $245,000 - originally advertised for $290,000.
The villa comes with a large backyard and a rear parcel of flat land that has unit potential, subject to approval.
The property has the potential of a rental yield of 5.31% with an asking rent of $250 per week.
The property was sold through <a target="_blank" href="https://www.prdnationwide.com.au/PropertySearch//pid/13577/default.aspx?pagesize=10&amp;sort=dated&amp;listtype=default&amp;page=1&amp;msp=1&amp;ssid=48969">PRD Nationwide Hobart</a>.
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What $300k or less bought you around the nation last month: Units

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A quaint weatherboard home, Appletree Cottage in the Southern Highlands village of Burrawang, is listed for sale at $710,000.
The newly renovated investment property of magazine publisher Michael Lynch and Patsy Peacock is a 90-minute drive from the Sydney CBD.
The two-bedroom home features high ceilings, open fireplaces and timber floorboards.
The home features a renovated kitchen with original wood oven and a lounge/library surrounded by bookshelves.
The property also features a covered deck with built in day beds, landscaped gardens and a veggie and herb garden.
The home was bought in November 2010 for $482,500.
<a href="https://www.randw.com.au/685600/" target="_blank">Michael Maloney of Richardson &amp; Wrench Bowral is listed as the selling agent.</a>
<a href="/news">Burrawang</a> is 103 kilometres southwest of Sydney.
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Quaint Appletree Cottage in Burrawang listed

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Amid The Biggest Loser Steve "The Commando" Willis and Michelle Bridges affair, it has come to light that Steve Willis and his partner, Froso had only recently bought their dream Sydney home.
The home is located in the St George municipality costing $1,325,000 last August.
Situated on 550 square metres, the three bedroom, three bathroom Sandringham home (pictured below) had previously sold in 2002 for $680,000.
{yoogallery src=[images/stories/2013/05/may28commando]}
But in the interim had been transformed by architect William Smart of Smart Design Studio.
Steve Willis’ partner Froso claimed she first learned of the affair between The Biggest Loser personal trainers in March when Willis failed to come home after The Biggest Loser wrap party.
“They had planned a holiday and they had just purchased their dream family home," a family friend told Woman’s Day.
The home boasts antique front doors imported from Mexico and the kitchen features Calcutta marble bench tops.
Bi-fold doors open up to a private yard with a swimming pool and a custom designed summer house.
The median house price in <a href="/news">Sandringham</a> is $1,105,500, according to RP Data.
The home was purchased through Liam Tsaprazis of McGrath Edgecliff.
The family previously owned a villa unit on Francis Ave in Brighton-Le-Sands before selling it in September 2011 for $565,000. They had sought $500,000 plus.
The 172-square-metre two bedroom renovated unit (pictured below) with courtyard sold to Jeffrey Fenech through Liam Tsaprazis and Greg Tsaprazis of <a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/townhouse-brighton-le-sands-nsw-2216/135299" target="_blank">McGrath Real Estate.</a>
{yoogallery src=[images/stories/2013/05/may28commandotwo]}
The median unit price in <a href="/news">Brighton-Le-Sands</a> is $475,000, according to RP Data.
Willis has operated a gym at the <a href="/news">Kogarah</a> premises.
Bridges confirmed on 2DayFM last week that Willis and herself were dating, after months of speculation.
Bridges, who is now living in <a href="https://www.propertyobserver.com.au/residential/the-biggest-loser-s-michelle-bridges-wins-big-as-potts-point-prestige-prices-shed-kilograms/2013050260969" target="_blank">Potts Point</a>, split from her husband of nine years in March.
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Steve "The Commando" Willis family dream home in Sandringham, Sydney cost $1,325,000

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A $4.9 million modern mansion boasting views of the Sydney Harbour and Opera House topped the list of the most expensive sales last week, according to RP Data.
Located on Wallangra Road <a target="_blank" href="/news">Dover Heights</a>, the five-bedroom, four-bathroom home sold under the hammer on May 25 through <a target="_blank" href="https://www.sothebysrealty.com/eng/sales/detail/180-l-2507-4000041171/58-wallangra-road-dover-heights-nsw-2030-sydney-sw-2030">Sydney Sotherby’s International Realty</a> inconjunction with Steven Zoellner and D’Leanne Lewis at Laing+Simmons Double Bay
Situated on 626 square metres, the home is architecturally designed based on Feng Shui principles to enhance positive energy.
There's a CaesarStone kitchen, home theatre and a teenage retreat or nanny’s quarters with a wet bar.
The home boasts a rooftop terrace with 360-degree views, an outdoor pool and barbeque terrace as well as bi-fold glass doors and high ceilings.
The property last sold in March 2005 for $4.6 million.
New South Wales is back to dominating the list, securing nine spots.
The ten most expensive sales last week:
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/58_wallangra_road_dover_heights_nsw_2030/2121714">58 Wallangra Road, Dover Heights, NSW, 2030</a>, five-bedroom house, sold at auction on May 25 by Sydney Sotheby's International Realty for $4.9 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/87_chalmers_road_strathfield_nsw_2135/6481643">87 Chalmers Road, Strathfield, NSW, 2135</a>, six-bedroom house, sold at auction on May 25 by Georges Ellis &amp; Company for $2.942 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/98_darling_street_balmain_east_nsw_2041/1261601">98 Darling Street, Balmain East, NSW, 2041</a>, five-bedroom house, sold at auction on May 25 by Cobden &amp; Hayson for $2.9 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/146_hotham_street_east_melbourne_vic_3002/10875178">146 Hotham Street, East Melbourne, VIC, 3002</a>, four-bedroom house, sold at auction on May 25 by Abercromby's Real Estate for $2.7 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/27_fourth_avenue_willoughby_east_nsw_2068/7599293">27 Fourth Avenue, Willoughby East, NSW, 2068</a>, four-bedroom house, sold at auction on May 25 by McGrath Northbridge for $2.62 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/12_mcgowan_street_putney_nsw_2112/5633989">12 Mcgowan Street, Putney, NSW, 2112</a>, three-bedroom house, sold at auction on May 25 by Ray White Gladesville for $2.535 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/28_courallie_road_northbridge_nsw_2063/5068600">28 Courallie Road, Northbridge, NSW, 2063</a>, four-bedroom house, sold at auction on May 25 by McGrath Neutral Bay for $2.52 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/57_finlayson_street_lane_cove_nsw_2066/3590110">57 Finlayson Street, Lane Cove, NSW, 2066</a>, five-bedroom house, sold after auction on May 23 by Belle Property Lane Cove for $2.365 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/7_chester_street_woollahra_nsw_2025/7734447">7 Chester Street, Woollahra, NSW, 2025</a>, four-bedroom house, sold at auction on May 21 by Di Jones Real Estate for $2.2 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/9_rowland_avenue_bondi_nsw_2026/1519170">9 Rowland Avenue, Bondi, NSW, 2026</a>, four-bedroom house, sold at auction on May 21 by Di Jones Real Estate for $2.15 million
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